Registered Charity Number: 1179702
Barakat
Financial statements For the year ended 31 December 2022
Barakat Registered Charity Number: 1179702
| Contents | Page |
|---|---|
| Reference and Administrative Information | 2 |
| Trustees’ Annual Report | 3 |
| Receipts and Payments Account | 5 |
| Independent Examiner’s Report | 7 |
Page 1
Barakat Registered Charity Number: 1179702
REFERENCE AND ADMINISTRATIVE INFORMATION
| Charity Name | Barakat |
|---|---|
| Charity Number | 1179702 |
| Principal Office | 76 Mighell Avenue |
| Ilford | |
| IG4 5JP | |
| Board of Trustees | Dr Muhammad Saleem Anwar |
| Fawad Siddiqui | |
| Mudassir Tanveer | |
| 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 2022.
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:
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To provide financial support to the needy people (Specially orphans and widows in Muslim community).
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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 its supplementary public guidance on the advancement of religion for the public benefit.
Main activities during the year
During 2022, our activities included supporting needy community members and a mosque.
The charity also started using its volunteers for collection of food from supermarkets at end of the day and dropping it out to homeless shelters and care homes.
Page 3
Barakat Registered Charity Number: 1179702 TRUSTEES’ ANNUAL REPORT (Continued)
Main activities during the year (continued)
The dedicated men/boys only weekly swimming slot that was secured in a leisure centre in Redbridge last year is being used fully. Subsequent to the year end, the local community has also been supported in securing a sports hall for ladies sports on weekly basis.
The religious classes that were started by the charity in local mosques have been ongoing and have received good feedback from the local community.
The trustees are in the process of setting/updating strategic direction of the charity for the future years to enhance scale of the activities of the charity.
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 £5,227 and restricted donations of £25,499 and the reserves at year end were £61,370 (unrestricted £10,269; restricted £51,101).
During the year, the trustees transferred £32,832 relating to Zakaat, Fitrana and other specific purpose donation balances from unrestricted funds to restricted funds.
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:
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Select suitable accounting policies and then apply them consistently; Observe the methods and principles in the Charities SORP;
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Make judgements and estimates that are reasonable and prudent;
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State whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
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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
Dr Muhammad Saleem Anwar (Chair) Mudassir Tanveer (Trustee)
Date: 25/09/2023
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Barakat Registered Charity Number: 1179702 CHAPIIY COMMtsSION INCIIAMO ANLI WA115 8•w¥t Receipts and payments accounts CC16a Fortt fro¥ Tv Seci ioii A Receipts ai)d pawneiiis Str tw¥S5 Total fLnd5 24 NT26 A3P nts 42X¢ 61 61 b lotsl A4A55et atyj 15¢3 114 of recEipta)InentSj ASTRn5fer5 beknwoen fwKIs A6Cash ftEw¥J5 kn5t parerxl Page 5
Barakat Registered Charit). Number: 1179702 Section B Statement of asset5 and liabilities at the erKI of the p1[1 Unresrricte Restricted nd5 1 3t.- ??nEs B1 Cash fuMIs B¥ 10,269 51,101 10.269 51.101 )¢J pBwrErts jrtI5I j fd5 ftbnds nds Cost {4)pb"onall Cwrtrwt a55et De15 kona Fundto a55et Cost {opb'onl 84Asset5 retaTred forthE dwity's OKMI use Furyj to loptional loptionall 85 Lii6tie5 thelvJs>xs PrlTht M>rn Ctytecl 2s*J$.•2J Page 6
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examlnerfs report on the accounts S•¢tlon A depond•ni Éx•miMVs Ropry¢ Rtporl lo the Irts$io¢>l members of Qn aG¢ounl3 for th¥ y•ar •nd•dl 31. 12. 2021 Charlty no lif anyl 11?ql-oA Setout on pag¢s l p¢rt to Ihe twstees on my •%aminalion cl th8 auowtts of the Jove charttrrf l.thè Trust") fvrthe year gnd8d 31 I l JCAL Respon51biirtles and As tne ChalY I",u5tees af the Trua. you arÈ rèwnsitrbl& lor Ihp prap3ralk bass ol r•port oflhè aceourtÈ In accord¢8 vlth tho roquimrnents ol ihe c1111# Ad 2011;'theAct"I I rtyport Irb teapec1 of my e¥Jm¥7dliun ol ifv fiusis d(1)18 carrfed OJI uThlef Sècuon 145 of1 2071 Atrt ane In wl my pxarnina.lon I lov0 thé appl310 DiroctltsP8 aven by Charity Commis urnJer&eCqn 1445libi ol AQ. I have b)rt1pted n.'y ¥KerYlirwi( l CO1 Inai Tro maiergi rnaii¥rs have C¢yne lo my allenlion In ¢onnoction %th o 0MInlIn whrth 9i¥e3 rne b1¥ Ihal in. aliy ITiéiwiai [psLI 3crouniing r•eoYd4 w•r• nct kèpt bn w•th l 3Qot Ihe or Ibe %7ccount$ th nol aco)rd th the ac£th6fit9 Independent examiner's slaternent I have no Eoneerns ano have come arrc6S no m8Tlers n rAryMedion wilh IPÈ 8Xn30n '.0 Kwhch atlofttK)n should te drtwrfn In ordjr to enable proptsr undwstandins Erf Ihe a(Gounts'.o Le reactEd. ' please tsieie WO1$ n rh9 brack&ls Jihoy m nol a S'yé o (Cc. 1.1 AIJ ferJ R•l•vanl pro1•101 qualtfira0n1fyI or body Address". 13 C EA¢TL.71- IL 115 PAHI r4tRS ch$crllV[lAl(vTru IER October 2018 Page 7