AL-TOUFEEQ CHARITABLE FOUNDATION CHARITY NUMBER 1182340 REPORT AND ACCOUNTS YEAR TO 5TH APRIL 2024 Contents P8ge No. Legal And Administrative Infomalion Trustees Report Independent Examinerfs Report Statement Of Financial Activities Balance Sheet Notes To The Accounts
AL-TOUFEEQ CHARITABLE FOUNDATION LEGAL AND ADMINISTRATIVE INFORIJIATION FOR THE YEAR TO 5TH APRIL 2024 istralion The charity was registered wlh the Charity Commission for England and Wales on 6th Marth 2019. uslees O.T. Salar S.L. Harris Office Address 22.Valenline Road, Birmingham. B14 7AJ Inde enden M.A. Edwards Accounlanls Limited Chartered Accountsnts. 26, The Green, Kings Norton, Birmingham, B38 8SD. Bankers Al Rayan Bank Plc.. 4, Stratford Place, London, W1C 1AT
AL-TOUFEEQ CHARITABLE FOUNDATION TRUSTEES REPORT FOR THE YEAR TO 5TH APRIL 2024 The Iruslees present their report and &counts for the year to 5th April 2024. Prin The principal activity of the charity is making grants. Trustees The trustees, who served during the year were as follows :_ O.T. Salar S.L. Harris Or anisalion of The charity is run by the trustees. The charitys objects are to assist underprivileged individuals with bas needs. and to empower them to become self sufficient.. to support other charikn'es with compatible objects, and medical related charities. Review of Activities The ¢h8rity has rented the properties out, and donated monies lo other charities. Reserves Poli The trustees have decided that the unreslricled funds Th)t cc¥nmitted or representing tsngible fixed assets {free reserves) held by the charity should be not less than 6 months of expendiluie. 11 is considered necessary lo have these reserves to keep the charity running in the event of a future reduction in resources. Risk Review The trustees have reviewed the risks facing the charity. They will continue lo monitor resources to guard against a significant reduction in funding in the future. The trustees of the charity, are involved in. and monitor the activities to avc4d a fall in quality. When planning the various activities, the Iiuslees have had regard to the Charity Commission's geneTal guidance on public benefrt. There were no related paty Iransaclions. This report is prepared in accordance w7th the Charities SORP IFRS 1021. This report was approved by the board of Iruslees on and signed on f(s behalf by=" S.L. Harris Trustee O.T. Salar Trustee ,,&44 24 Mar
AL-TOUFEEQ CHARITABLE FOUNDATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF AL-TOUFEEQ CHARITABLE FOUNDATION FOR THE YEAR TO 5TH APRIL 2024 I report to the trustees on the accounts of the charity for the year ended 5th April 2024. bvhich are set out on pages 4 10 8. Respectlve responsibilitiès of trustees and examiner The trustees are responsible for the PTeparati)n of the account8. The Iruslees consider that an audr( is not required for this period under section 144{2) of the Chariti'es Act 2011 Ithe 2011 Act) and that an independent examination is needed. Having satisfied myself that the charity is not subject lo audit and is eligible for independent examination, il is my responsibility lo examine the aecounls under section 145 of the 2011 Act., to follow the procedures laid down in the general directions given by the Charity Commission under section 145{51{b) of the 2011 Act., and lo stale whether particular mallers have come lo my attention. Basls of Independent examiner's report My examination was carried out in accordance wbth thè general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts psented with those records. 11 also includes consideration of any unusual items or disclosures in the a¢¢ounts, and seeking explanations from you as trustees concerning any such matters. The procedures undert8ken do not prowde all the evidence that would be required in an audit and consequently no opinion is grven as lo whether the accounts present a 'Irue and fair view and the report is limi(ed lo those matters set out in the slalement bdow. Independont examlner's statement In connection with my examination. no matter has come to my attention- 111 ¥Nhich gives me aSonable eause lo believe that in any material respect the requirements.. to keep accounting records in accordance with section 130 of the 2011 act.. and lo prepare accounts which accord wth the ae¢ounting records.. 8nd that the accounts do not comply with the applicable requirements concerning the fomi and content of accounts sel out in the Charities {Accounls and Reports) Regulations 2008 other than any requirement that the accounts give a trug and fair. view, which is not a matter considered as part of an independent examination. were not mel. {21 whleh, In my opinion. attention should be drawn in order lo enae a proper understanding of the accounts to be reached. Michael Alan Edwards For and on behalf of:_ M.A. Edwards Accountants Limited Chartered Accountants 26. The Green. Kings Norton, Bimiingham 838 8SD
AL-TOUFEEQ CHARITABLE FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR TO 5TH APRIL 2024 2024 2023 Notes Unrestricted Fund Totsl Total Incomin Resour Donations Rent received 1.500 20,823 28,702 28.702 Total incoming resources 28,702 28,702 22.323 Resources Ex ended Direct Charitable expenses {27,4041 127,4041 112,6521 Tolal resources expended 27,404 27,404 12,652 Net incoming resources 1,298 1.298 9.671 Accumulated funds blf 319,652 319.652 309,981 Accumulated funds clf 320,950 320,950 319,652 The notes on pages 6-8 fom part of these accounts.
AL-TOUFEEQ CHARITABLE FOUNDATION BALANCE SHEET AS AT 5TH APRIL 2024 Notes 2024 2023 Tan ible Fixed A 300.000 300,000 Current Assets Debtors Cash al bank and in hand 667 21.843 22.510 20,268 20,268 Credilor$- amounts falling due within one yeai 1,560 616 Net Current Assets 20,950 19,652 Net Assets 320,950 319.652 Reserves General fund- unrestricted 320,950 319.652 320,950 319.652 In approving these financial slalemenls as ttuslees of the charity we hereby confirm {al That for the year to 5th April 2024 the ¢harily was entitled lo the audit exemption conferred by Section 144121 of the Charities Act 2011., (cl That we acknowlgdgg our responsibilities for., 111 Ensuring that the charity keep5 proper accounting records., 121 Preparing financial statements which give a true and fair view of the state of affairs of the charity as al the end of the financial riod and of ts surplus or deficit for the period then ended. These financial stslemenls are prepared and delivered in accordance Wbth :_ FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland Part Vl of the Charities Act 2011; The Char((ies Statement Of Recommended Practice FRS 102. (iv) These financial statements were approved bythe board of trustees on h*hAlf hv nd signed on ils IJ S.L. Harris Trustee O.T. Salar Trustee The notes on pages 6-8 form part of these accounts.
AL-TOUFEEQ CHARITABLE FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR TO 5TH APRIL 2024 UNTING POLICIES Accountin Conventton The financial statements are prepared untler the historical cost conventron and in accordance with the Charities Act 2011. They also follow the recommendations in the Charities Slalemenl of Recommended Practiee FRS 102. in Resources The value of services provided by volunteers has not been induded. Donations are recognised In full in the Statement of Financial Activities in the period in which they are receivable. Out oin Resources Resources expended are recognised in the peiiod in which they are incurred. Resources expended include attributable VAT which cannot be CoVered. Resources expended are located to the fund to which they relate. Funds The Unrestricted fund is incoming resources which are used for the objects of the charity, wilhoul any specified purpose or further restriction. Restricted funds can only be used for the specific purposes as decided by the donor, within the objects of the charity. Inde endenl Examiners In eomrnon with many other businesses of our size and nature, we used our independent examiners lo prepare and submit returns lo the tax authorities and assisl wlh the preparation of the financial slatemenls.
AL-TOUFEEQ CHARITABLE FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR TO STH APRIL 2024 TANGI E FIXED ASSET INVESTMENTS Land & Buildings C051 Balance blf Balance cff 300,000 300,000 Balance blf Balance df Not book value Al the end of the year At the start of the year 300,000 300,000 As the properties We a bequest in a wll. the cost Is not avaitable. so the trustees have estimated it The Investment properties have not been depreciated. as they have a high maintenance stsndard. DEBTORS 2024 2023 Prepayments and accrued income 667 CREDITORS 2024 2023 Accruals and prepaid income 1.560 616
AL-TOUFEEQ CHARITABLE FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR TO 5TH APRIL 2024 INCOME AND EXPENDITURE ACCOUNT Unreslricted fund 2024 2023 Incomin Resources Rent received Donations 28.702 20.823 1.500 28,702 22.323 Direct Charitable Ex ndilure Rent Service charges Management fees Repairs Sundries Donations lo charities Independent examiner's fee Professional fees Insurance 300 1.524 5.107 1.411 3,109 8.943 14,940 960 2.831 531 27.404 12,652 Unrestricted fund Surplus for the year 1.298 9.671