**Registered Charity Number: 1179702** **Barakat Financial statements For the year ended 31 December 2020** **Barakat Registered Charity Number: 1179702** |**Contents**|**Page**| |---|---| |**Reference and Administrative Information**|**2**| |**Trustees’ Annual Report**|**3**| |**Receipts and Payments Account**|**5**| Page **1** **Barakat Registered Charity Number: 1179702** ## **REFERENCE AND ADMINISTRATIVE INFORMATION** ## **Charity Name** Barakat ## **Charity Number** 1179702 ## **Principal Office** 60 Aldersey Gardens Barking IG11 9UQ ## **Board of Trustees** Fawad Siddiqui Dr Muhammad Saleem Anwar Mudassir Tanveer Shah Rukh Memon ## **Bankers** HSBC UK 192 Hoe Street Walthamstow London E17 4QN Page **2** ## **Barakat Registered Charity Number: 1179702** ## **TRUSTEES' ANNUAL REPORT** The trustees present their report with the financial statements of the charity for the year ended 31 December 2020. ## **STRUCTURE, GOVERNANCE & MANAGEMENT** ## **Governing Document** The charity is a Charitable Incorporated Organisation, governed by a Constitution, and is registered with the Charity Commission under charity number 1179702. ## **Organisational Structure** The trustees are responsible for the general control and management of the charity. The trustees give their time freely and receive no remuneration or other financial benefits to fulfil this role. The charity trustees meet on a regular basis and are responsible for all decisions taken in relation to the overall control and strategic management of the charity. ## **Recruitment, Appointment and Training of Trustees** The existing trustees are responsible for the appointment of new trustees. New trustees are brought into the organisation, when required, on the basis of eligibility, competence, specialist knowledge and skills. It is the policy of Barakat that, upon induction, each trustee is given a copy of the trust deed, the latest accounts, recent meeting minutes and guidance regarding the policies and procedures adopted by the charity. ## **OBJECTIVES AND ACTIVITIES** The objectives of Barakat primarily focus on fulfilling the financial, spiritual and religious needs of the Muslim community together with serving the community at large. The communities currently served are Greater London & East London with Redbridge/Ilford/Barking in particular, but in future, will not be limited to London. The objectives of Barakat are summarised below: - To provide financial support to the needy people (Specially orphans and widows in Muslim community). - To support the wider community by promoting good morals & conduct and addressing areas of social concern, such as anti-social behaviour, criminality, substance abuse and family breakdown. - To address misinterpretation, misunderstanding and misrepresentation of the Islamic faith. - To assist present and future generations of Muslims to preserve and perfect Islam in their lives. - To assist in the provision of any charitable services within the limits of the law and particularly within the bounds of Islam. ## **Public Benefit** In carrying out this review the trustees of Barakat have taken regard of and comply with the Charity Commission's general guidance on public benefit and in particular Page **3** ## **Barakat Registered Charity Number: 1179702** its supplementary public guidance on the advancement of religion for the public benefit. ## **Main activities during the year** During the current year, our activities included supporting widows and orphans, distributing food parcels, contributing to Covid appeal from a hospital and supporting other needy community members. However, the scale of activities was limited due to Covid impacts. The trustees plan to expand the activities further in the next year. ## **TRUSTEES’ ANNUAL REPORT (Continued)** ## **FINANCIAL REVIEW** For the year, the trustees have prepared Receipts and Payments accounts and a Statement of Assets and Liabilities, as permitted under section 133 of the Charities Act 2011. The charity’s source of income during the year was unrestricted donations of £24,414, and the reserves at year end were £25,142 (unrestricted). The trustees are in the process of developing the reserves policy. This process was delayed due to Covid-19. ## **STATEMENT OF TRUSTEES' RESPONSIBILITIES** The trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and the laws applicable to charities in England and Wales. The financial statements for each financial year must give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources. In preparing these financial statements, the trustees are required to: - Select suitable accounting policies and then apply them consistently; - Observe the methods and principles in the Charities SORP; - Make judgements and estimates that are reasonable and prudent; - State whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; - Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity Accounts and Reports Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence, taking reasonable steps for the prevention and detection of fraud and other irregularities. ## **Approval** Approved by the trustees and signed on its behalf by Page **4** ## **Barakat Registered Charity Number: 1179702** Dr Muhammad Saleem Anwar (Chair) Mudassir Tanveer (Trustee) Date: 31/10/2021 Page **5** Barakat Registered Charity Number: 1179702 I CHARITY COMMISSION flx INGLANO AND WALES 117J702 Receipts and payments accounts CC16a Fort￿ PeT¥)d S￿t￿n A Receios and paymerrts Lknrèstrictèd Restrictèd ErK10￿mèrt Totsl fur*d5 Lastyear r•M••t r•¥Mtt t4*• r•¥••tt btr• r•M••tt to*• wr#tt Al lknceyts 2U14 Sub total IGffj88 ir¢oth •for 21414 21S47 A2 Ass+tarnl i)v•sbm•nt sa￿. lseè tab￿1. b tota 24A14 21N7 A3 24 b tota 1IX4 1&924 s.￿$ A4 A55etarKI n¥e5tmert PU￿hase5, Isee labknl b tota 14.921 5355 Il& rfrec(ip1￿￿￿ts} A5 Transf*rs b*ttY•tn lun A6 Cash funth last yearend C•h this yw end 15.652 25.142 15$ 25.112 15.6Y Page 6 CHARITY COMMISSIO fOR ENGIAND ANO WAIE Barokat 1179702 Receipts and payments accounts CC16a For the ptriod fr<)m To 18 31.Dec-19 Section A Receipts and payments Unrestrictèd funds End