CHARtTY REGISTERED NU%1 IBER: 1180740 F.NGLAND AND IVAI.ES DAR A￿ZAll RF.PORT.S OF THF. TRIISTF.F.S AYD IINAUDITF.rJ FINANCIAL STATEMENTS FOR THE YEAR EIDED 31 JULI 2U23 DAR AL-ZAH COINTENT5 C)F FII%A Tr4CIAL SI'A].E￿lEN.1'S OR TIIE YEA PAGF. CHARITY TNFORMATII)N TRUSTEES REPORT STATF.NIFNT OF TRUSTEES RE8PONSIBII.ITtES rNDEPENDENT EXAMINF.R'S REtQRT STATENICNT or rNANCIAL ACTIVITIES BALANCI SIIEIT NOTI.S TO THE. ACCOUNTS **DAR AL-ZAHRA CHARITY INFORMATION FOR THE YEAR ENDED 31 JULY 2023** 2 TRUSTEE'S: NAGEBAH HAYEL MUCKBEL ANGELA SOPHIA GAFFAR AMEL MOHAMED REGISTERED OFFICE: 8 CAIRNS SREET LIVERPOOL L8 2UN CHARITY NUMBER: 1180740 ACCOUNTANTS: THE TAXCOM ACCOUNTANTS CHARTERED CERTIFIED ACCOUNTANTS 109 CHEETHAM HILL ROAD MANCHESTER M8 8PY BANKERS: THE CO-OPERATIVE BANK ARA￿zAHRA REPORT OF I"HF. TRiISTELS FOR THF. YEAR ENDED31 The fftlSiL¥$ present iheir report for ilie year ended 31 Julj. 2023. STRUCTIJRE, GOVEIiNANCE AND MANACEMENT 'rhL eharity ￿a$ fom¢d on 16 Nov 2018 bi, Ihe lrystees and ri>￿15t¢r¢d wilh the ¢hariTh' Commission on 16 Nov 2018. 'Ihc trustees hail a%1¢5sed rfie major risks lo ii'hirh charii), is exposed. in panicular those r¢latinu to the operaiioiis and finances of ih¥ rhariry., and beliei'e effL'¢live checks. Lontrols and procedures are in place mitiga￿. Ihose risks. Th¢ tThsiees meet regiilarly io attend legal and administrative affairs of the chariry. io revieiv sei policies and to establiih li)ni> tern) siralegiLS fot ihe charity. The rnsiees hiild the ￿lI.erS ot appoiniing and ren]oving trustees. O&JECTIVF.S AND AcfiviTIES To advance in life and reliLve needs OF young w'omLn in liverpjol and ihe surrounding area& panicularly Ewjt excltssivel). Ihose of the musliin faith,Ihrou￿'. (a) Tlie provi5i9n of rccrearional und leisure lirn¢ activitÉes provided in lh¢ inreresi vl. 5wial ii'elfare, de5iwied Iv impro*e their Conditions ol life- Proyidthg SllPPDn aiid atiiviiies %shich develop ihLir skills. capa¢iiies and capabili(ies io enablL' th¢m io participare in wtiety as ma￿rL. and resEh)rt5ible individual5. To adv<111CL th¢ muslim fttiih b). means of, biir noi cxelu5ively, the provision of islanii¢ ￿U(atIon i aceordanc¢ iTrith ihL ILurhings of Lh¢ Quran. (b) The tTUStees hkve paid due carL to gpuidance i55ued b)- thL Charl￿ coiiimission s 8eiJeral g¥uidance rding publi benefit are Satisfied Ih&l the cliaril)'s objeciives and priAtipAI aciivilie5 arc fot the publie ￿nefIt. The ¢hariry' plaTh% to coniinue and expand the activiiies Outlin￿ aE*Jve in th¢ fonhcoming years. DAR A￿zAHRA REPORI. OF'I'&IE TRUSTEES 11.Y 2 ACHIEVEMENTS AND PLKTrORhlAINCE l)ar al.7Ahta ha5 CQntinued ivith the provi5ioD of onlill¢ 5tud)' programmes. lo ensure nI￿lMuM reach as rnan) are unable io attend classes iii person: including interiiaiioiial aiiLndL*'%. and to ¥15v use as an opporniniry. io increase Ihe nunlber ol-donations receil'ed to SUPPC*n the charity going foTh*ard. Flo4n¢l*l R¢%'icw' Funding 50urLes are slill prv(k]minantli received as donaiiong from ihe public wilh approximaieltr £2.orAI on avernge received in regular donaiions Isiandino order8) PLr month. The charitN a150 raises money for srkcifie AeiiYtliL% ii'hich are %h(Trw'n 'rLslTILled funds.., A lolal of £346.224.35 has been rnised beliviLn finattcial i¢ars 2019 to 2023. and from this, a total of £l15.852.99 has b¢¢n used &% SKI donor int¢nlions, in£liiding ihe emplo)Theni of staff In￿mberS. leaving behind £230.371.36 11> be u5¢d for Specific purposes in subsequeni rinanLial years. {N(H¢: Thi5 in¢lud¥s the amount of appmx £174.000 resen'ed for properl), irtvLslment5 lknoitrm as 'Ivaqf ) lo iiumire th¢ cliarili, affairs aod approx. £i5.550 for ihL Lharit), lo use to employ and paj. siaff ￿2g¢s.) A kei, financial Obj¢Cti￿.c for r)ar al-zahra is financial 51abiliry' and susiainabilit). b}, securino reguli?r streic ms of income to iii wrn seciire the cliariry's ￿ttEre and enable li its L<)niinu¢ fulfilling lis objertive5. addiiioii io Ilie property pllrch&Ld prLviousI}. whiLh pn)vtdes # con5i51¢nt rental in¢o]ne, progress is being madL ￿ ihL viability f cvnvertin¥ Ihat into tlatS to provide increa5¢d renlcil incoine. An inilsimcni inilialiTre (£200,000 capitali M'as also sotsrcld atid eniLfLd into, provÉding a IOD ¥uar&nieed yield per atmum for ii%"o >'ears. I lie charl1￿ Luniinu¢5 10 Ilbn*ider other viable income streams for the n¢xt fin41ncial >'ear, including kL￿m￿￿' %peak¢r evell15 (oll¢ of ￿'hICh the plai)ning is alread}, in progress) and ihe purchasing ()I'aniAher proppth, for The same reasons. Futiire PIAn 'Ilie Charii}'s future plun lu LonlinuL L'xpI()ring th¢ possibiliry of offering illore online courscs and L￿ntInUe in it% endeavouts to provid¢ lir a 12-Iveek workshop on mentsl liealili. DAR AbLAHRA REPORT OF TFIE TRIISTEES F(IR THF. I'F.AR F.Nf)F.D 31 LY2 RESPONSIBILITIES QFTRUSTF.F.S The mJ5tee are reqiiired io prepare financial siaremenis for each finatteial }'iar uhich giv¢ a true and fair vieH' of the staiL ()r c)I' IhL ch￿1t% of its 5UTpIu5 ond deficii for ihai period, in preparing acevunts, the trustee5 are required to-. Sel¢¢t 5uirable xcoiinling policies and tlien appl>. (heiii consisiLnil)" MaL'L judgn1ert￿ and LS1imatL'5 ihlll are re050nable and prudent; Sraie i%thether applicable accouniiiig S￿ndard5- and bl#tLmLn¢5 of recommended praaice have been folloi¥ed. Subject to an}, departures disclosed aiid explaiiied iii ttIL fin&ncial statements: and prepare Ihe f￿anCial stai¢m¢nis die going conLLm b&si5 unlcs5 It 15 inappropriare 10 presume ihai ihi basis applics. 11)¢ trusttes are responsible for ensuring propcr accountinu rerords 3r¢ maintained ￿th1¢h disclose u'iih re&wnable aL¢urdcy al an}, rirne the financial posiiion of the cliariry. 'IhLy arL allo responsible for safegiiarding the a￿ell or Ihe chariry. &id for taking reasoiiable SILPS for thL pfL'veniion and detection of fraud <￿d other iTregulariliL%. The tnJstee5 ma>y in respeci of any accowiiing year. elect undLY $133 chariiie5 Acl 2011 io pr¢pare- (a) a receipls and pa)Thent5 account. and (b) 8 s￿lemen1 tsf a$%L'ts and liabilities, in51ead of a stsiemeni of aeeounis Under seeiii)n 132 (1) Chariiies Act 2011 if gross income in any fiiiancial year d(*5 not ¢xceed £250,000. The ¢rustee5 have confmned that an independent e.xaminaiion is r¢quirLd under section 145 Chariries Act 2011 DECLAIL4TION The mistees declare thai ihey have approv￿ thc truslLes" aix)v¢. Si[￿￿d= Miss Nagebah Ha)el Muckbel Chai￿er￿{M & Try5t¢e Daic.. DAR AH INDEPENDF. EXAMINER￿ REPORT FOR T71F. YEAR ENDF.D L Y 20LI THE I rerthffi th¢¥ttrtmtsofth¢ dwity 31 Juty2023 xt F•80 7 to 10. R￿FEcr1vE RLSPONSIBILITIFSOF TRu￿EEs AND EXAMINER Th¢ ¢hsrity'S t￿L￿f¢S￿e Ir4¥x￿1b1t f(f the ofth¢ac(wit& Th¢tharity'S tnJ#rts ￿M$¥￿T th￿ **Jit 15 wurd trthepKwJ 144 ofthe A¢t 2011 d th•¢ in&wdml ¢x•mllMtiro Li neoje li is my T￿￿111￿ to.. • the 115 01th¢chrit￿ A¢( . To follow th¢ w(K¢durts knhl in th¢ given ty tht dwity ￿mMiSSIOn. An examimtim keo by thrtY￿d ofthe BASISOF INDEPFNDEfff EXAMINER'S￿AT£MENT My ex4miMli(• with diwr¢m giv￿ by tht cjty Cmm￿l￿. An eXamEna¢i￿ in¢lth i mitw ol thc •¢t£WnlI￿ rtt(rfds W ty the tsity ofthe s¢ekinB Cxpl￿111￿ frThn th¢ bwie¢s CLtternin8 W SL*h m*tus. &) rKovide ill the eviden¢f that wtsjhj be re¢wwed in an 4udii. e(WW￿tfy is oiven w**ther th %¢Llmlg pre￿¢ I'T￿ Fair. view the limited to in the s¢*ment t¢low. INDEPENDE￿ EXAMINERSSTATEMENr 2. Towknith in my slv)]Id beth*wn ￿ wdtrto¢rAble* of the Abd*l R•K( FCCA Ch*rt¢red Certllknl At¢w•l* 109chte￿gl Hiu Rwd M*¥¢hutsr M8 8PY Pknmt: (0161)871-7465 DAR AL-ZAHRA INCOillb: AND EXPLNDITURES ACC()L'iYr FOR THL YF.AR ENI DEI) 31 JULY 2023 Toial Funds 2022 unT￿tricted Reslrieted Endo￿nmeDt Ttstal Fwnds Fuods Ftsiids Funds 2023 Noies Resi>ur¢e5 DonatiotLS Tuition F'ee Income Fvenr Inc()Tne Reniiil lJicomL 14IK)k Sale 113.709 20.752 17.984 6.0.$0 668 164.16J 46291 105.000 20.759 17.984 6.oqo 668 21O,4£4 281,358 7.705 309.690 Resources Expended Charitabl¢ ExpendiluT¢ Other L.¥pendity 18,874 773 56,298 13.634 75.171 14,407 24.905 17.719 Net of RLYe1p￿(PayrntntS) 144.516 (23.64Q) 120.876 267.067 Balance Broughi down 982S5 312.i96 410,851 143,7¥4 BalancL. Rrou811I forward At 31 July 211?3 ?42.771 288.9)6 531,727 41Q.8i I DAR AL-ZAHKA STATETrIENT OF A&SF.TS AN'T) I.IABILITIES v￿reSIr1e(td Resiritted Endoivnmtnt TotÉl FuTrd$ Fynds Funds Funds 21123 Tolal Fund5 2022 L47ng'lemi Invesiinen( Eqllipments Fixture and Fittings Land & building 21￿,00(1 3.215 383 200,000 3.215 383 54,-$36 258.134 2.722 451 68.170 71.342 203,5YII j4.5_46 Current Assets DebioTS Cash ai BanW In Hi1nd 41.222 230.371 ?30.-471 273.59.1 273 £93 .1.39.-f 09 331).509 Cr¢ditors Arnount falling ii'ithin one )"ear Net Current knetsl {Llabillties) Tolal As$et$ less Current Llabllltle5 246.820 284.9tp7 531,727 410.851 Creditors Amouni falling due after one year 14et Asset5 ?46.820 ?84.907 531,727 410.851 R¢5CIV¢S General R¢sen'¢ Fiind Toral Funds 242.771 242.771 531.727 531.727 410.8fj1 410,8il )88.9)6 The Financial Stht¢tiieii beha wer¢ 8pprowd by the Board oCimslLL'S un Jul)" 2023 and vi.eie 51gned on its Miss Nagebii h Ila). ch¥ITR￿1n & Twst¢e DAR A￿zAHRA 'OTES 1.0 I'IIL Flh'AF4CIAL ￿'A-I-L[41LN1.S FOKTHE I'EAR ENDED31 JULY2023 l Acrouiitlng Volleles Basts of prepAratlon The fmwicial St￿¢￿)ents are prepared uiider Ihe Iiisiorieal cosi eonwLnlion_ The J¢counts have been prepared in accordaiicc M'iih appli¢ablL aLeouniiTrg standard5. the statemeni of T¢commended praciice."Accouniing and Reporting by LhariliL￿', i&%ued in Mar¢h 2CM)5 and the Charities Au2011 2 Analysls ofincomlrtg resources: Unresirltttd Fund.$ Restritied Funds Tothl Funds DDnations liiiiion l.¢¢ Income Rcnial Incorne F.i-¢ni Income Book Sale I l8.70Y 20.752 6.050 17.984 668 IG4.163 46.291 165.000 20.752 6.0.$0 17,984 6611 ?10.45J 46.291 3 Athalysl$ of resource5 expanded: Dlretl Support Cost Total Funds Waoes E%'ent F.xpen5es D¢pr¢ci%lrion PrinEin¥ & s￿lI0nL'ry Rent F.xpen5e Training Lourses Lxpense Property Expenses Othei E¥peiise Stuiteni AL*ivilie5 Uiilities E%￿nge 36.628 36.6?8 ,Oi7 14,407 4.257 5,725 2.563 22.631 512 1.725 72 1.057 14.407 4257 5,725 2,i6J 22.6_31 512 1,72) 72 -1.0181 44,078 4),500 89.)79 DAR AL.ZAHRA N()TFS TO THF. FIPIANCIAL $TATF.￿1F.NTs FOR THE I'EAR ENDED 31 JULI, 2023 4 Inrvme The Tolal Fuvds 2022 ligure of £309.690.00 is incliisii'e of £249,269.73 resiricicd funds: of whiLh £8448,22 Wcis used rhai fiii&nLial j'ear ￿]d £59.?87.i4 USLUI in financial lear ?029Q3. meanin8 a iotal of £181,i33,99 reinains as restricitd 8s of31 Jul} 2023. The total restricted tiinds held b!. the cliarit>' as of 31 Jul) 2023 is 230.371.30. 5 Expenditiire Expenses of ihe chariry i1re accouiiied for onl), %vhen ihe ￿l￿al paymenl is xtually made. 6 T#nglble Filed Assel Fi¥ture FitlillEs F.quipm¢nls Buildi118 TotAI Cos1 2722 ,199 451 68.170 71,342 Addttion$ Disp￿%11 At 314J7-2023 3,921 451 68.170 72,341 Deprteialion Char8¢ for ihe >'ear Di5pD%al 706 fj8 13.634 14,407 AI 31-07-2023 706 68 13.634 14.4L)7 Net Book N'AIu¢s At 31-07-2023 3.215 38. 58.134 DAK AL-ZAHIL TO THF. FINANC.IAI. STATF.MF.NT FOK'I-IIL YLAR LI%DED 31 JULY 2013 7 Tr￿SIt¢S,. None of ihL IrusiL*'S fLYcivcd any remun¢ratTon during the )e