Charity registration number 1178437 ANWARUL QURAN TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 ANWARUL QURAN TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trustees Halima Khanum Yousaf Riaz Sarah Parveen Charlty numb&r 1178437 Independent examlner Mohammed Yaseen ACCA Soho House 362- 364 Soho Road Birmingham B21 9QL ANWARUL QURAN TRUST CONTENTS Page Trustees report Independent examinerfs report statement of financial activities Balance sheet Notes lo the financial ststemenls ANWARUL QURAN TRUST TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The trustees present their annual report and financial statements for the year ended 31 December 2023. The financial statements have been prepared in accordance with the accounting Policies set out in note 1 to the financial statements and comply with the trust's Igoveming documenll, the Charities Act 2011 and Accounting and Reporting by Charities." Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021" (effective 1 January 20191. Objectives and activities Obj8ctiv&s and aims 11 To advance the religion of Islam in accordan￿ wth the teachings of the Sunni Hanafi Brelvi school for the inhabitants of Lye and the surrounding area, particularty but not exclusively through the holding of prayer meetings. religious education classes, public lectures and public celebration of festivals. 21 To further or benefit the residents of Lye and the neighbourhood, wilhoul distinction of sex, sexual orientation, race or of political, religious or other opinions by associating together the said residents and the local aulhorilies, voluntary and other organisations in a common effort lo advance educaty'on and lo provide fa¢ililies in the interests of social welfare for recreation and leisure time o¢¢upalion with the objective of improving the ¢onditions of life for the residents. Public benefit The Trust Is a public beneff( entity and the trustees confirm that they have referred lo the Charity Commission's guidance on public benefrt when reviewing the Trust's aims and objectives. Main 8ctivi(ies undertaken during the year Contribute lo the Trust's purpose for the public benefit. Achievements and performance Charitable activities During the period the Trust delivered.. 11 Children'sArabic classes 4- 6 days a week 21 Two days a week, Islamic study classes for children over 10 31 Helped children complete the learning of Quran Hifz 41 Vveekly gathering for mens I ladies 51 Monthly gatherings for all 61 Funeral services for Muslims 71 Visits and talks by local Councillor and MP Flnanclal revlew Financial position The board of trustees are satisfied with the performance of the Trust during the period and the position al 31 December 2023 and consider that the Trust in a strong position to continue Its activities during the coming year, and that the Trust's assets are adequate to fulfil its obligations. Overall, Anwarul Quran Trust has raised funds totslling £49,407 with the expenditure for the period totalling £46,912 leaving the Trust with a surplus of £2,495 to be carried forward al 31 December 2023. There is no sel policy on the level of unrestricted reserves other than lo maintsin any surpluses left from donations or the ftIrtheran￿ of ils objects. Plans for future perlods The plans for the fLJture wll be to try and maintain the level of services we have via donations. Furthermore, the Trust is planning lo develop the rest of the building, provide more community recreational aclivilies, support all people of the local area and develop awareness of all issues relating to this area. ANWARUL QURAN TRUST TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 structure. governance and management The Charity is controlled by ils goveming document, a deed of trust and conslilutes an unincorporated charty. The trustees who served during the year and up lo the dale of signature of the financial slalements were.. Halima Khanum Yousaf Riaz Sarah Parveen Recruitment and appointment of new trustees The Trust Continuously strives to identify suitably skilled and experienced people from all communities. The trustees report was approved by the board of Iruslees. You5al Rio£ Iocl 31, 2024 10..56 GMT) Yousaf Riaz Trustee 29 Octobèr 2024 ANWARUL QURAN TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ANWARUL QURAN TRUST I report lo the Iruslees on my examination of the financial slalements of Anwarul Quran Trust Ilhe Irustl for the year ended 31 December 2023. Responsibilities and basis of report As the Iruslees of the trust you are responsible for the preparation of the financial slalements in accordance with the requirements of the Charities Act 2011 Ilhe 2011 Act). I report in respect of my examination of the trust's financial stslemenls carried out under section 145 of the 2011 Act. In Carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515llbl of the 2011 A¢1. Independent examlnerfs statement Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 in preference to the Accounting and Reporting by Charities". Statement of Recommended Pradice issued on 1 April 2005 which is referred lo In the extant regulations bul has now been withdrawn. l understand that this has been done in order for financial stslemenls lo provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. I have completed my examination. I confirm that no matters have come lo 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 2011 Act., or the financial slalements do not accord with those records., or the financial statements do not comply wth 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 COn￿mS 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 financial statements lo be reached. Mohammed Ya$eon ACCA Soho House 362- 364 Soho Road Bimingham B21 9QL Dated. 29 October 2024 ANWARUL QURAN TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 Unrestrlcted Unrestrlcted funds funds 2023 2022 Notes Income from: Donations and legacies 49,407 58,978 Total Income 49,407 58,978 Expenditure on- Charitable adivities 46,912 44,234 Totsl expendlture 46,912 44,234 Net income and movement in funds 2,495 14,744 Reconciliation of funds- Fund balances al 1 January 2023 52,010 37,266 Fund balances at 31 December 2023 54,505 52,010 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. ANWARUL QURAN TRUST BALANCE SHEET AS AT 31 DECEMBER 2023 2023 2022 Notes Fixed assets Tangible assets 10,730 2,280 Current assets Debtors Cash at bank and in hand 10 3,474 43,932 50,346 47,4 50,346 CreditoTr: amounts falling due within one year 11 13,6311 16161 Net current assets 43,775 49,730 Total assets less current liabilitios 54,505 52,010 Net assets excludlng penslon Ilablllty 54,505 52,010 The funds of the trust Unrestricted funds 54,505 52,010 54,505 52,010 The financial stslemenls were approved by the Iruslees on 29 October 2024 Yousaf Riaz Trustee ANWARUL QURAN TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting policies 1.1 Accounting convention The financial statements have been prepared in accordance wth the trust's Igoveming doculnentl, the Charities Act 2011. FRS 102 "The Financial Reporting Stsndard applicable in the UK and Republic of Ireland" I'FRS 102.1 and the Charities SORP Accounting and Reporting by CharV(ies.' Stslemenl of Recommended practi￿ applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" (effective 1 January 20191. The trust is a Public Benefit Entity as defined by FRS 102. The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practi￿ which is referred lo In the Regulations but which has since been withdrawn. The financial statements are prepared in sterling, which is the functional currency of the trust. Monetary amounts in these financial statements are rounded to the nearest £. 1.2 Charitable funds Unrestrictèd funds are available for use al the discretion of the trustees in furtherance of their Charitable objectives. 1.3 Income l income is recognised in the Statement of Financial Activities once the Trust has entitlement to the funds, il is probable that the income will be received and the amount can be measured reliably. 1.4 Exp&ndlturg Expenditure is accounted for on an accruals basis and has been dassrfied under headings that aggregate all cost related lo the category. Vvhere costs cannot be diredy attributed to particular headings they have been allocated lo activities on a basis consislenl with the use of resources. 1.6 Tanglble flxed assets Tangible fixed assets are initially measured al cost and subsequently measured at cost or valuation, nel of depreciation and any Impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases.. Fixtures and fittings 18% on reducing balance The gain or loss arising on the disposal of an a55et is determined as the difference between the sale PToceeds and the carrying value of the asset, and is recognised in the slalement of financial activities. Income from donatlon$ and 19gaclg$ Unrestrlcted Unrestrlcted funds funds 2023 2022 Donations and grfts 49,407 58,978 ANWARUL QURAN TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2023 Expenditure on charitable activities Charitable activities 2023 Charitable activities 2022 Direct Costs Zakat and fitrana 149 174 Share of support and governance costs (see not& 4 Support Governance 46,023 740 43,320 740 46,912 44,234 Analysis by fund Unreslricled funds 46,912 44,234 Support costs Support Governance costs costs 2023 Support Governance costs costs 2022 Staff costs Depre¢ialion Cleaning Equipment expensed Insurance Light and heal Rates Repairs and maintenance Slalionery and printing Sundry 28,886 2,356 336 889 1,291 4,329 1,097 28,886 2,356 336 889 1,291 4.329 1,097 23,121 501 451 102 1.366 2,981 1,324 23,121 501 451 102 1.366 2,981 1,324 8,339 410 90 6,339 410 90 12,248 695 531 12,248 695 531 Accountancy fees 740 740 740 740 46,023 740 46,763 43,320 740 44,060 Analysed between Charrtable activits'es 46,023 740 46,763 43,320 740 44,060 Ngt movgment In fund$ 2023 2022 The nel movement in funds is slated after chargingllcredilingl.. Depreciation of owned tangible fixed assets 2,356 501 Tru$lee$ ANWARUL QURAN TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2023 Trustees Icontlnuedl Trustees. remuneratlon and beneflts During the period Yousaf Riaz was remunerated £5.590.The payment was made for services provided to the Trust. The terms of the arrangement was agreed by all trustees with the exception of Yousaf Riaz. The trustees consider the agreement lo be beneficial for the Trust as the amount charged is less than the applicable market rate for the provision of such services. Employaes The average monthly number of employees during the year was.. 2023 Number 2022 Number Employment Costs 2023 2022 Images and salaries 28,886 23,121 There were no employees whose annual remuneration was more than £60,000. Taxatlon The charity is exempt from laxalion on its activities because all ils income is applied for charitable purposes. Tangible fixed assets Fixtures and fitting5 Cost At 1 January 2023 Additions 4,200 10,806 Al 31 December 2023 15,006 Depreciation and impairnient Al 1 January 2023 Depreciation charged in the year 1,920 2,356 Al 31 December 2023 4,276 Carrying amount Al 31 December 2023 10,730 Al 31 December 2022 2,280 ANWARUL QURAN TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2023 10 Debtors 2023 2022 Amounts falling due within one year: Other debtors 3,474 11 Creditors: amounts falling due within one year 2023 2022 Other taxation and social security Trade creditors Other creditors 2,151 740 740 616 3,631 616 12 Unrestrlcted funds The unrestricted funds of the Charty ￿MpriSe the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as lo how they may be used. These include designated funds which have been sel aside out of unreslricled funds by the trustees for specific purposes. At l January 2023 Incoming Resources resources expended At31 December 2023 General funds 52,010 49,407 146,9121 54,505 Previous year: At 1 January 2022 Incomin9 resources Resources expended At31 December 2022 General funds 37,266 58,978 144,2341 52,010 13 Related party transactlons There were no disclosable related party transactions during the year12022 - none).