Charity number: 1179776
Darul Uloom Moeenul Tham Charitable Incorporated Organisation (C.I.O.)
Trustees' report and unaudited financial statements
for the year ended 31 March 2024
Darul Uloom Moeenul Tham
Contents
| Page | |
|---|---|
| Legal and administrative information | 1 |
| Trustees report | 2 - 3 |
| Independent examiners' report | 4 |
| Statement of financial activities | 5 |
| Balance sheet | 6 |
| Notes to the financial statements | 7 - 9 |
Darul Uloom Moeenul Tham
Legal and administrative information
| Charity number | 1179776 |
|---|---|
| Business address | 14 Chorlton Street |
| Blackburn | |
| Lancashire | |
| BB1 6NF | |
| Trustees | Mohmed Gorji |
| Dawood Valli Gorji | |
| Mohmed Shamim Gorji | |
| Yasmin Kaduji Gorji | |
| Rafik Gorgi | |
| Accountants | AKT Accountants |
| Matrix House | |
| 14 Strawberry Bank | |
| Blackburn | |
| Lancashire | |
| BB2 6AA | |
| Bankers | Barclays Bank |
| 8 - 14 Darwen Street | |
| Blackburn | |
| Lancashire | |
| BB2 2BZ |
Page 1
Darul Uloom Moeenul Tham
Report of the trustees for the year ended 31 March 2024
The trustees present their report and the financial statements for the year ended 31 March 2024. The trustees who served during the year and up to the date of this report are set out on page 1.
Structure, governance and management
The charity is incorporated as a charitable incorporated organisation (C.I.O.) on 3 September 2018. Its governing document is the constitution as adopted on 3 September 2018.
Its aims and objectives are as set out below.
Objectives and activities
The charities objective is to provide relief and assistance in relation to poverty in India by means of assistance in the provision of education, training, healthcare projects and all the necessary support designed to enable individuals to generate a sustainable income and be self-sufficient.
Support for the poor
The relief of poverty in the UK and India by providing items and services to individuals in need and/or charities, or other organisations working to relieve poverty.
Achievements and performance
The charity is generating funds through donations to pursue its aims to help the poor in India and elsewhere so that the provisions of education, training, healthcare and support which is designed to enable individuals to generate a sustainable income and be self-sufficient.
Financial review
The charity continues to raise funds in pursuit of its aims. The charities trustees will be distributing the amounts to the allocated projects in India and elsewhere. The charity has continued to raise funds and in the year to 31 March 2024, a total of £67,434 was raised.
Property Income
The charity continues to generate rental income and in the year ended 31 March 2024 rental income of £11,440 (2023: £9,301) was generated from the properties and this will be utilsed to support the projects of the charity. In the year ended 31 March 2024, a family donated to the charity a property to further fund the aims of the charity.
Donation
In the year, the organisation made a donation to a charity in India in the sum of £10,000. This is shown in the financial statements as "support - other costs".
Page 2
Darul Uloom Moeenul Tham
Report of the trustees for the year ended 31 March 2024
Statement of trustees' responsibilities
The trustees are responsible for preparing the annual report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice.
Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of charity's financial activities during the year and of its financial position at the end of the year. In preparing financial statements giving a true and fair view, the trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
make judgements and estimates that are reasonable and prudent; and
-
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 proper accounting records which 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. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
AKT Accountants were appointed accountants during the year and the trustees recommend that AKT Accountants remain in office until further notice.
On behalf of the board
Dawood Valli Gorji Trustee
7 March 2025
Page 3
Darul Uloom Moeenul Tham
Independent examiner's report to the trustees on the unaudited financial statements of Darul Uloom Moeenul Tham.
I report on the financial statements of Darul Uloom Moeenul Tham for the year ended 31 March 2024 which comprise the statement of financial activities, the balance sheet and the related notes. These financial statements have been prepared under the historical cost convention and the accounting policies set out therein.
Respective responsibilities of trustees and independent examiner
As the charity's trustees you are responsible for the preparation of the accounts, you consider that the audit requirement of section 144(2) of the Charities Act 2011 (the Act) does not apply. It is my responsibility to state, on the basis of procedures specified in the General Directions given by the Charity Commissioners under section 145(5)(b) of the Act, whether particular matters have come to my attention.
Basis of independent examiner's statement
My examination was carried out in accordance with the General Directions given by the Charities Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
(i) which gives me reasonable cause to believe that in any material respect the requirements:
-
to keep accounting records in accordance with section 41 of the Act; and
-
to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act
have not been met; or
- (ii) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Independent examiner AKT Accountants Matrix House 14 Strawberry Bank Blackburn Lancashire BB2 6AA
Date: 7 March 2025
Page 4
Darul Uloom Moeenul Tham
Statement of financial activities
For the year ended 31 March 2024
| Unrestricted funds Notes £ Incoming resources Incoming resources from generating funds: Voluntary income 2 67,434 Investment income 3 11,440 Total incoming resources 78,874 Resources expended Establishment costs 13,863 Accountancy fees 600 Legal and professional fees - Interest payable and similar charges 58 Support - Other costs 10,000 Total resources expended 24,521 Net income for the year 54,353 Total funds brought forward 207,884 Total funds carried forward 262,237 |
2024 Total £ 67,434 11,440 78,874 13,863 600 - 58 10,000 24,521 54,353 207,884 262,237 |
2023 Total £ 51,416 9,301 |
|---|---|---|
| 60,717 | ||
| 415 600 330 - - |
||
| 1,345 | ||
| 59,372 148,512 |
||
| 207,884 |
The statement of financial activities includes all gains and losses in the year and therefore a separate statement of total recognised gains and losses has not been prepared.
All of the above amounts relate to continuing activities.
The notes on pages 7 to 9 form an integral part of these financial statements.
Page 5
Darul Uloom Moeenul Tham
Balance sheet as at 31 March 2024
| Notes Fixed assets Tangible assets 4 Current assets Cash at bank and in hand Creditors: amounts falling due within one year 5 Net current assets Net assets Funds 6 Unrestricted income funds Total funds |
2024 £ £ 124,000 139,738 139,738 ) (1,500 138,238 262,238 262,238 262,238 |
2023 £ £ 124,000 85,984 85,984 ) (2,100 83,884 207,884 207,884 207,884 |
2023 £ £ 124,000 85,984 85,984 ) (2,100 83,884 207,884 207,884 207,884 |
|---|---|---|---|
| 207,884 | |||
| 207,884 | |||
| 207,884 |
The financial statements were approved by the on 7 March 2025 and signed on its behalf by
Dawood Valli Gorji Trustee
The notes on pages 7 to 9 form an integral part of these financial statements.
Page 6
Darul Uloom Moeenul Tham
Notes to financial statements for the year ended 31 March 2024
1. Accounting policies
The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and the preceding year.
1.1. Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Statement of Recommended Practice 'Accounting and Reporting by Charities: Statement of Recommended Practice' issued in January 2015 (FRS 102 SORP 2015) and the Charities Act 2011.
1.2. Cashflow
The charity has taken advantage of the exemption under charities SORP (FRS 102) from the requirement to produce a cashflow statement because it is a small charity.
1.3. Incoming resources
All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
Voluntary income is received by way of grants, donations and gifts and is included in full in the statement of financial activities when receivable. Grants where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.
Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included.
Gifts donated for resale are included as incoming resources within activities for generating funds when they are sold.
Income from investments is included in the year in which it is receivable.
1.4. Resources expended
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of trading for fundraising purposes including the charity's shop.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Fundraising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities.
Support costs are those costs incurred directly in support of expenditure on the objects of the charity and include project management.
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Darul Uloom Moeenul Tham
Notes to financial statements
for the year ended 31 March 2024
1.5. Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at rates calculated to write off the cost residual value of each asset over its expected useful life, as follows:
Land and buildings
- Straight line over years
No depreciation has been provided as the values of properties are likely to increase in value.
2. Voluntary income
| Unrestricted funds £ Donations - Zakaat 65,940 Donations - Sadaqah 553 Donations - Lillah 901 Donation - Fitra 40 67,434 3. Investment income Unrestricted funds £ Income from UK investment properties 11,440 11,440 4. Tangible fixed assets Cost At 1 April 2023 and At 31 March 2024 Net book values At 31 March 2024 At 31 March 2023 |
2024 Total £ 65,940 553 901 40 67,434 2024 Total £ 11,440 11,440 Land and buildings freehold £ 124,000 124,000 124,000 |
2023 Total £ 50,006 532 580 298 51,416 2023 Total £ 9,301 9,301 Total £ 124,000 124,000 124,000 |
|---|---|---|
Page 8
Darul Uloom Moeenul Tham
Notes to financial statements for the year ended 31 March 2024
| 5. | Creditors: amounts falling due | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| within one year | 2024 | 2023 | ||||||||||
| £ | £ | |||||||||||
| Accruals and deferred income | 1,500 | 2,100 | ||||||||||
| 6. | Analysis of net assets between funds | |||||||||||
| Unrestricted | Total | |||||||||||
| funds | funds | |||||||||||
| £ | £ | |||||||||||
| Fund balances at 31 March 2024 as represented by: | ||||||||||||
| Tangible fixed assets | 124,000 | 124,000 | ||||||||||
| Current assets | 139,738 | 139,738 | ||||||||||
| Current liabilities | (1,500 | ) | ) (1,500 |
|||||||||
| 262,238 | 262,238 | |||||||||||
| 7. | Unrestricted funds | At | At | |||||||||
| 1 April | Incoming | Outgoing | 31 March | |||||||||
| 2023 | resources | resources | 2024 | |||||||||
| £ | £ | £ | £ | |||||||||
| Unrestricted Funds | 207,884 | 78,874 | ) (24,520 |
262,238 |
Page 9