Darul Atfaal
REGISTERED CHARITY NUMBER: 1177668
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2021
for
Darul Atfaal
Contents of the Financial Statements for the Year Ended 31 March 2021
Darul Atfaal
| Page | Page | |
|---|---|---|
| Report of the Trustees | 1 | |
| Independent Examiner's Report | 2 | |
| Statement of Financial Activities | 3 | |
| Balance Sheet | 4 | |
| Notes to the Financial Statements | 5 | to 8 |
| Detailed Statement of Financial Activities | 9 |
Darul Atfaal
Report of the Trustees for the Year Ended 31 March 2021
The trustees present their report with the financial statements of the charity for the year ended 31 March 2020. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a constitution that formed a Charitable Incorporated Organisation (CIO) dated the 22/03/2018.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
1177668
Principal address
31 Palmerston Road London E7 8BH
Trustees
S Bhikhi S Patel Vahab Bhikhi
Independent Examiner
Mr Nabeel Ashfaq UNAAS CONSULTANTS (UK) LIMITED Accountants and Business Consultants 1[st] Floor Wellesley House, 102 Crabrook Road Ilford, IG1 4NH Approved by order of the board of trustees on 31/01/2022 and signed on its behalf by:
MR VAHAB BHIKHI Chairman
Page 1
Independent Examiner's Report to the Trustees of Darul Atfaal
Independent examiner's report to the trustees of Darul Atfaal
I report to the charity trustees on my examination of the accounts of Darul Atfaal (the Trust) for the year ended31 March 2021.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Mr Nabeel Ashfaq UNAAS CONSULTANTS (UK) LIMITED Accountants and Business Consultants 1[st] Floor Wellesley House, 102 Crabrook Road Ilford, IG1 4NH Date:31/01/2022
Page 2
Darul Atfaal
Statement of Financial Activities for the Year Ended 31 March 2021
| Unrestricted INCOME AND ENDOWMENTS FROM fund £ Donations and legacies 48,902 Other trading activities 55,401 Total 104,303 EXPENDITURE ON Raising funds Charitable Activities Other 1.161 45,770 25,450 NET INCOME 31,922 RECONCILIATION OF FUNDS Total funds brought forward 42,251 TOTAL FUNDS CARRIED FORWARD 74,173 |
Year Ended Restricted 31.3.21 Total fund £ funds £ 20 48,922 55,401 20 104,323 - 1,161 2 0 20 2,548 44,799 2,568 76,741 |
Period 01.04.19 to 31.3.20 Total funds £ 3,142 97,060 |
|---|---|---|
| 102,754 81,812 45,770 25,450 31,942 23,857 44,799 |
The notes form part of these financial statements
Page 3
Darul Atfaal
Balance Sheet 31 March 2021
| 31.3.21 | 31.3.20 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| fund | fund | funds | funds | |||
| £ | £ | £ | £ | |||
| FIXED ASSETS | ||||||
| Tangible assets | 10,311 | - | 10,311 | 8,362 | ||
| CURRENT ASSETS | ||||||
| Cash at bank | 63,861 | 2,568 | 66,429 | 36,436 | ||
| CREDITORS | ||||||
| Amounts falling due within one year | 1 | - | 1 | - | ||
| NET CURRENT ASSETS | 63,862 | 2,568 | 66,430 | 36,437 | ||
| TOTAL ASSETS LESS CURRENT | ||||||
| LIABILITIES | 74,173 | 2,568 | 66,430 | 36,437 | ||
| NET ASSETS | 42,251 | 2,568 | 76,741 | 44,799 | ||
| FUNDS | ||||||
| Unrestricted funds | 74,173 | 42,251 | ||||
| Restricted funds | 2,568 | 2,548 | ||||
| TOTAL FUNDS | 76,741 | 44,799 |
The financial statements were approved by the Board of Trustees and authorised for issue on 31/01/2022 and were signed on its behalf by:
Mr Vahab Bhikhi Chairman
The notes form part of these financial statements
Page 4
Darul Atfaal
Notes to the Financial Statements for the Year Ended 31 March 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and hasbeen classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. OTHER TRADING ACTIVITIES
| Year Ended 31.3.20 £ Lillah 875 Tuition Fees 97,060 Food Provisions - Donation for Laptops 10 Sadaqah 1,068 Zakaat 1,200 Donation to Darul Atfaal 1,056 Book Sales 1,486 102,755 |
Period 22.3.18 to 31.3.19 £ 300 56,138 2,040 80 280 - - - |
|---|---|
| 58,838 |
continued...
Page 5
Darul Atfaal
Notes to the Financial Statements - continued for the Year Ended 31 March 2020
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2020 nor for the period ended 31 March 2019.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2020 nor for the period ended 31 March 2019.
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | Restricted | Restricted | Total | |||
|---|---|---|---|---|---|---|
| fund | fund | funds | ||||
| £ | £ | £ | ||||
| INCOME AND ENDOWMENTS FROM | ||||||
| Other trading activities | 58,558 | 280 | 58,838 | |||
| EXPENDITURE ON | ||||||
| Raising funds | 34,981 | - | 34,981 | |||
| NET INCOME | 23,577 | 280 | 23,857 | |||
| TOTAL FUNDS CARRIED FORWARD | 23,577 | 280 | 23,857 | |||
| 5. | TANGIBLE FIXED ASSETS | |||||
| Fixtures | ||||||
| and | Motor | Computer | ||||
| fittings | vehicles | equipment | Totals | |||
| £ | £ | £ | £ | |||
| COST | ||||||
| At 1 April 2019 | 1,233 | 5,660 | 3,917 | 10,810 | ||
| Additions | 2,888 | - | - | 2,888 | ||
| At 31 March 2020 | 4,121 | 5,660 | 3,917 | 13,698 | ||
| DEPRECIATION | ||||||
| At 1 April 2019 | 308 | 1,132 | 979 | 2,419 | ||
| Charge for year | 1,031 | 906 | 980 | 2,917 | ||
| At 31 March 2020 | 1,339 | 2,038 | 1,959 | 5,336 | ||
| NET BOOK VALUE | ||||||
| At 31 March 2020 | 2,782 | 3,622 | 1,958 | 8,362 | ||
| At 31 March 2019 | 925 | 4,528 | 2,938 | 8,391 |
continued...
Page 6
Darul Atfaal
Notes to the Financial Statements - continued for the Year Ended 31 March 2020
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade creditors 7. MOVEMENT IN FUNDS Unrestricted funds General fund Restricted funds Restricted TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund Restricted funds Restricted TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund Restricted funds Restricted TOTAL FUNDS |
At 1.4.19 £ 23,577 280 23,857 Incoming resources £ 100,486 2,268 102,754 |
31.3.20 31.3.19 £ (1) £ - Net movement At in funds £ 31.3.20 £ 18,674 42,251 2,268 2,548 20,942 44,799 Resources expended £ Movement in funds £ (81,812) 18,674 - 2,268 (81,812) 20,942 Net movement At in funds £ 31.3.19 £ 23,577 23,577 280 280 23,857 23,857 |
|---|---|---|
continued...
Page 7
Darul Atfaal
Notes to the Financial Statements - continued for the Year Ended 31 March 2020
7. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 58,558 | (34,981) | 23,577 |
| Restricted funds | |||
| Restricted | 280 | - | 280 |
| TOTAL FUNDS | 58,838 | (34,981) | 23,857 |
8. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2020.
Page 8
Darul Atfaal
Detailed Statement of Financial Activities for the Year Ended 31 March 2020
| Detailed Statement of Financial Activities for the Year Ended 31 March 2020 |
||
|---|---|---|
| Period | ||
| 22.3.18 | ||
| Year Ended | to | |
| 31.3.20 | 31.3.19 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Gifts | (1) | - |
| Other trading activities | ||
| Lillah | 875 | 300 |
| Tuition Fees | 97,060 | 56,138 |
| Food Provisions | - | 2,040 |
| Donation for Laptops | 10 | 80 |
| Sadaqah | 1,068 | 280 |
| Zakaat | 1,200 | - |
| Donation to Darul Atfaal | 1,056 | - |
| Book Sales | 1,486 | - |
| 102,755 | 58,838 | |
| Total incoming resources | 102,754 | 58,838 |
| EXPENDITURE | ||
| Raising donations and legacies | ||
| Insurance | 893 | - |
| Postage and stationery | 243 | 231 |
| Subcontractor | 43,212 | 22,038 |
| Books Purchase | 4,879 | 1,174 |
| Teaching Materials | 674 | 559 |
| Background Checks | - | 69 |
| Travel | 518 | 284 |
| Rent | 10,739 | 4,355 |
| Food Provisions | 5,843 | 3,135 |
| IT Software and website | 3,352 | 687 |
| Health and safety | - | 30 |
| Student Entertainment | 8,544 | - |
| Fixtures and fittings | 1,030 | 308 |
| Motor vehicles | 906 | 1,132 |
| Computer equipment | 979 | 979 |
| 81,812 | 34,981 | |
| Total resources expended | 81,812 | 34,981 |
| Net income | 20,942 | 23,857 |
This page does not form part of the statutory financial statements
Page 9