2023-12-31-accounts - Iqra Blackburn

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Charity registration number: 1183463

IQRA BLACKBURN TRUSTEES' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

Iqra Blackburn Contents

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||| |---|---| |Page| |Reference and Administrative Details|1| |Trustees' Report|2—3| |Independent Examiner's Report|4| |Statement of Financial Activities|5| |Comparative Statement of Financial Activities|6| |Statement of Financial Position|7| |Notes to the Financial Statements|8—11|

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Iqra Blackburn Reference and Administrative Details For The Year Ended 31 December 2023

Trustees	Mr Sarfraz Suleman
	Mr Anser Amin
	Mr Yunus Karbhari
	Ms Abida Husseini
Charity Number	1183463
Principal Address	Bangor Street Community Centre
	Norwich Street
	Blackburn
	BB1 6NZ
Independent Examiner	Sajid Ghumra FCCA
	Accountexcel Limited
	Chartered Certified Accountants
	Suite 5, Unit 1-2, Cleaver Street
	Blackburn
	BB1 5DG

Page 1

Iqra Blackburn Trustees' Report For The Year Ended 31 December 2023

The trustees present their report and the financial statements for the year ended 31 December 2023.

Objectives and Activities

Aims and Objectives

Charity's Objectives and activities are as follows:

To advance the Sunni Islamic Religion in Blackburn and surrounding areas for the benefit of the public particularly but not exclusively by the establishment of a Madrassah.
To advance in life and help young people In Blackburn and surrounding areas through: (a) the provision of recreational and Leisure time activities provided in the interest of social welfare, designed to improve their conditions of life; (b) providing support and activities which develop their skills, capacities and capabilities to enable them to participate in society as mature and responsible Individuals.

Public Benefit

The charity has continued to provide Islamic education, to advance the Islamic religion and to provide facilities for recreational and leisure-time occupation to children and young people in the community.

The trustees confirm that they have complied with the requirements of Section 17 of the Charities Act 2011 to have due regard to the Charity Commission’s guidance on public benefit.

Financial Review

Financial Position

In this year ending on 31 December 2022, we received total income of £102,288 including fees and donation and the charity spent £95,266 for charity’s activity.

Reserves Policy

It is the policy of the charity maintain unrestricted funds at a level which equate to approximately 12 months unrestricted expenditure, this provides sufficient funds to cover management and administration and support costs. Unrestricted funds are maintained at least at this level throughout the year.

Risk management

The trustees actively review the major risk which the charity faces on a regular basis and believe that maintaining reserves at current levels, combined with an annual review of the controls over key financial systems, will provide sufficient resources in the event of adverse conditions. The trustees have also examined the operational and business risks faced by the charity and confirm that they have established systems to mitigate the significant risks.

Page 2

Iqra Blackburn Trustees' Report (continued) For The Year Ended 31 December 2023

The trustees' report was approved by the board of trustees and signed on its behalf by:

Mr Yunus Karbhari

Trustee 16 September 2025

Page 3

Iqra Blackburn Independent Examiner's Report to the Trustees of Iqra Blackburn For The Year Ended 31 December 2023

I report to the trustees on my examination of the accounts of Iqra Blackburn (the Trust) for the year ended 31 December 2023.

Responsibilities and Basis of Report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent Examiner's Statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
the accounts do not accord with those records; or
the accounts do not comply with the applicable requirements concerning the form and contents of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

For and on behalf of Accountexcel Limited,

Sajid Ghumra FCCA 16 September 2025 Suite 5, Unit 1-2, Cleaver Street Blackburn BB1 5DG

Page 4

Iqra Blackburn Statement of Financial Activities For The Year Ended 31 December 2023

Unrestricted funds £ - 48,685 87	Restricted funds £ 53,516 - -	2023 Total funds £ 53,516 48,685 87	2022 Total funds £ 38,872 47,427 13
48,772	53,516	102,288	86,312
(44,830)	(50,436)	(95,266)	(82,490)
3,942	3,080	7,022	3,822
3,942 11,139	3,080 122	7,022 11,261	3,822 7,439
15,081	3,202	18,283	11,261

The notes on pages 8 to 11 form part of these financial statements.

Page 5

Iqra Blackburn Comparative Statement of Financial Activities For The Year Ended 31 December 2023

Unrestricted funds £ - 47,427 13	Restricted funds £ 38,872 - -	2022 Total funds £ 38,872 47,427 13
47,440	38,872	86,312
(43,110)	(39,380)	(82,490)
4,330	(508)	3,822
4,330 6,809	(508) 630	3,822 7,439
11,139	122	11,261

The notes on pages 8 to 11 form part of these financial statements.

Page 6

Iqra Blackburn Statement of Financial Position As At 31 December 2023

Unrestricted funds £ 15,631	Restricted funds £ 3,202	2023 Total funds £ 18,833	2022 Total funds £ 11,511
15,631 (550)	3,202 -	18,833 (550)	11,511 (250)
15,081	3,202	18,283	11,261
15,081	3,202	18,283	11,261
15,081	3,202	18,283	11,261
		3,202 15,081	122 11,139
		18,283	11,261

On behalf of the board

Mr Yunus Karbhari

Trustee 16 September 2025

The notes on pages 8 to 11 form part of these financial statements.

Page 7

Iqra Blackburn Notes to the Financial Statements For The Year Ended 31 December 2023

1. General Information

Iqra Blackburn is a charitable incorporated organisation registered with the Charity Commission, registered charity number 1183463. The principal address is Bangor Street Community Centre, Norwich Street, Blackburn, BB1 6NZ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)", Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities Act 2011.

The charity is a Public Benefit Entity as defined by FRS 102.

2.2. Incoming Resources

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

2.3. Resources Expended

Expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.

2.4. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

3. Income from Donations and Legacies

Donations and gifts 4. Income from Charitable Activities Islamic education activities	2023 Restricted funds £ 53,516	2022 Total funds £ 38,872
	2023 Unrestricted funds £ 48,685	2022 Total funds £ 47,427

5. Investment Income

Page 8

Iqra Blackburn Notes to the Financial Statements (continued) For The Year Ended 31 December 2023

Activities undertaken directly £ 37,922 50,436	2023 Unrestricted funds £ 87	2022 Total funds £ 13
	Support costs (see note 7) £ 6,908 -	2023 Total £ 44,830 50,436
88,358	6,908	95,266
Activities undertaken directly £ 37,602 39,380	Support costs (see note 7) £ 5,508 -	2022 Total £ 43,110 39,380
76,982	5,508	82,490
		2023 Islamic education activities £ 6,209 699
		6,908

Page 9

Iqra Blackburn Notes to the Financial Statements (continued) For The Year Ended 31 December 2023

Premises expenses General administration	2022 Islamic education activities £ 5,258 250
	5,508

8. Average Number of Employees

Average number of employees during the year was: NIL (2022: NIL)

9. Creditors: Amounts Falling Due Within One Year

As at 1 January 2023 £ 11,139 122	Income £ 48,772 53,516	2023 £ 550 Expenditure £ (44,830) (50,436)	2022 £ 250
			As at 31 December 2023 £ 15,081 3,202
11,261	102,288	(95,266)	18,283
As at 1 January 2022 £ 6,809 630	Income £ 47,440 38,872	Expenditure £ (43,110) (39,380)	As at 31 December 2022 £ 11,139 122
7,439	86,312	(82,490)	11,261

10. Movement in Funds

Page 10

Iqra Blackburn Notes to the Financial Statements (continued) For The Year Ended 31 December 2023

11. Transactions with Trustees

Fees paid for services provided to one of the trustees.

No trustee expenses have been incurred.

12. Related Party Disclosures

There have been no related party transactions in the reporting period that require disclosure, except for those disclosed in the Transactions with Trustees note.

Page 11