Charity Reference Number: 1191143
Barakah Aid
Report and financial statements for the year ended 1 April 2022
Barakah Aid
Contents
| Reference and administrative details Trustees' Report Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the accounts |
Page |
|---|---|
| 1 2-4 5 6 7 8-10 |
Barakah Aid
Reference and administrative details
| Charity Name: | Barakah Aid | |
|---|---|---|
| (CIO registered 3 September 2020) | ||
| Charity Registration No: | 1191143 | |
| Principal Office: | 21 Pleckfarm Avenue | |
| Blackburn | ||
| BB1 8PE | ||
| Trustees: | Gulfreen Qazi (chair) | (appointed 3 September 2020) |
| Sadia Chaudhry | (appointed 3 September 2020) | |
| Farzana Iqbal | (appointed 3 September 2020) | |
| Shakila Abid | (appointed 3 September 2020) | |
| Robina Ahmad | (appointed 3 September 2020) | |
| Bank: | HSBC Bank | |
| Cashplus Bank | ||
| Independent Examiner: | H&A Consultancy Services Ltd | |
| Ground Floor Front | ||
| 185 Audley Range | ||
| Blackburn | ||
| Lancashire | ||
| BB1 1TH |
1
Trustee's Annual Report for the year ended 1 April 2022
Barakah Aid
The trustees present their report with the financial statements of the charity for the year ending on 1 April 2022. The trustees have adopted the provisions of accounting and reporting by charities: statement of recommended practice applicable in the UK and Republic of Ireland (FRS 102) (Effective 1 January 2019)
Structure, governance and management
Governing Document
Barakah Aid is a Charitable Incorporated Organisation governed by a Constitution dated 3rd September 2020 and registered as a Charity.
The charity is registered in England & Wales with the Charity Commission in England & Wales (CCEW) with charity number 1191143.
The trustees named on the preceding page under 'Legal and administrative information' have served throughout the year. Appointment of trustees is governed by the Trust Deed of the charity. The Board of Trustees is authorised to appoint new trustees to fill vacancies arising through resignation or death of an existing trustee.
Currently there are five trustees, two will leave for personal reasons, several more people are approached who have significant experience in the community with networking and other valuable core skills for the charity
All trustees with chair (Gulfreen Qazi) will meet and discuss credentials of proposed people, with fairness and transparency as highlighted in our constitution 5 trustees with a view to expand to bring on more expertise. Charity has volunteers here and abroad, charity partners here and abroad- in various countries
Memorandum of understanding to be created for easier working, each region has its own local bodies and methods of operating.
Objectives and Activities
Brief description of charitable activities currently being conducted are:
a) Providing aid to relieve poverty via various charities in Pakistan- give financial assistance to poor, widows, disabled and aged by giving clothes, food ( food packs ), shelter & repair several homes for elderly and sick,
b) Relief of sickness- assistance with medical aid, wheelchairs for the disabled, eye cataract operations,
c) Preservation of health and advancement of education- supported Orphanages and poor children- planted trees and orchards. Building education and Skill centres,
d) Providing aid to relieve the suffering of people affected by disasters by providing cooked food , Dry food packs, Shelter and medical treatment in form of medical camps led by professional qualified Doctor teams.
2
Barakah Aid
Trustee's Annual Report for the year ended 1 April 2022
Achievements and Performance
During this accounting period (year ending April 2022) the trustees consider Barakah Aid has significantly contributed to providing financial aid, clothes, food, livelihood means of food carts, assisted eye cataract operations, provided wheelchairs, set up Sewing Centres to enable women to be self-sufficient and independent.
Families are able to live and build a better future by earning a living and children are getting much needed education, especially in far reach areas, the water projects have made a very big difference to families that walked miles to get clean water. Widows, refugees. Poor and desolate people have been supported and encouraged to learn new skills to enable them to a better future directly through Barakah Aid and other charitable organisations.
Financial review
In this year ending April 2022, we received £125,014 donations from the general public
The charity's financial position at the end of the year ended 1 April 2022
The financial position of the charity at 1 April 2022, as more fully detailed in the accounts, can be summarised as follows:-
| Net income Unrestricted Funds Restricted Funds Total Funds |
2022 £ 23,318 23,318 - 23,318 |
|---|---|
Financial review of the position at the reporting date 1 April 2022
The trustees consider the financial performance by the charity during the year to have been satisfactory.
Future plans
Barakah Aid has other bodies and charities field experience and advise from our accountant on grant making Engagement of local agencies and registered charities- abroad and UK Trustees have met almost every quarter to discuss and share all ongoing activities and the requirements set out by the Charities Commission.
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.
3
Trustee's Annual Report for the year ended 1 April 2022
Barakah Aid
Reserves policy
The Reserve Fund represents unrestricted funds. The Trustees aim to maintain sufficient reserves so as to give flexibility to cover temporary timing differences for donations received, adequate working capital for core costs and which will allow them to respond quickly to the needs of the Charity.
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).
In particular, charity law requires the Trustees, if they prepare accounts on an accruals basis, to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Trustees are required to :-
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to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law);
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select suitable accounting policies and apply them consistently;
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make judgements and estimates that are reasonable and prudent;
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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 existence
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state whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements;
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to 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 for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The financial statements were approved by the board of trustees and signed on their behalf by:
Gulfreen Qazi (chair) Trustee
24 January 2023
4
Independent Examiners Report to the Trustees of Barakah Aid
Barakah Aid
I report on the accounts of the charity for the year ended 1 April 2022
Responsibilities and basis of report
As the charity's trustees, 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 all 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 which gives me cause to believe that in, any material respect:
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the accounting records were not kept in accordance with section 130 of the Charities Act; or
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the accounts did not accord with the accounting records; or
• the accounts did not comply with the applicable requirements concerning the form and content 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.
I Mulla (AFA MIPA) for and behalf of H&A Consultancy Services Ltd Ground Floor Front 185 Audley Range Blackburn Lancashire BB1 1TH
24 January 2023
5
Barakah Aid
Statement of Financial Activities (Including Income & Expenditure Account) for the year ended 1 April 2022
----- Start of picture text -----
Unrestricted Restricted 2022
Funds Funds Total
£ £ £
Incoming resources from generated funds
Donations received 125,014 - 125,014
Interest received - - -
-
Total Incoming resources 125,014 125,014
Resources expended
Charitable activities 3 101,696 - 101,696
-
Total resources expended 101,696 101,696
-
Net income/(loss) for the year 23,318 23,318
Transfer between funds 5 - - -
Movement in funds 23,318 - 23,318
Reconciliation of funds
Total funds brought forward at 2 April 2021 - - -
Total funds carried forward at
-
23,318 23,318
1 April 2022
----- End of picture text -----
There are no gains or losses other than those recognised in the Statement of Financial Activities
All incoming resources and resources expended are derived from continuing activities
The notes attached on pages 8 to 10 form part of these financial statements.
6
Barakah Aid
Balance Sheet as at 1 April 2022
----- Start of picture text -----
Note Unrestricted Restricted 2022
Funds Funds Total
£ £ £
Current Assets
Cash at bank and in hand 23,768 - 23,768
-
23,768 23,768
Creditors
Amounts falling due within one year 6 (450) - (450)
Net Assets 23,318 - 23,318
Funds
Restricted funds - - -
Unrestricted funds 7 23,318 - 23,318
-
23,318 23,318
----- End of picture text -----
The financial statements were approved by the board of trustees and signed on their behalf by:
Gulfreen Qazi (chair) Trustee
24 January 2023
7
Notes to the financial statements for the year ended 1 April 2022
Barakah Aid
1 Principles of accounting policies
Basis of preparation
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
The accounts have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and with the Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS 102.
2 Accounting policies
Recognition of income
These are included in the Statement of Financial Activities (SoFA) when: - the charity becomes entitled to the resources; - it is more likely than not that the trustees will receive the resources; and
- the monetary value can be measured with sufficient reliability.
Grants and donations
Grants and donations are only included in the SoFA when the general income recognition criteria are met.
Tax reclaims on donations and gifts
Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.
Income from interest, royalties and dividends
This is included in the accounts when receipt is probable and the amount receivable can be measured reliably.
Gift in kind
Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised.
Donated services and facilities
These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received.
Volunteer help
The value of any voluntary help received is not included in the accounts.
8
Barakah Aid
Notes to the financial statements for the year ended 1 April 2022
Liability recognition
Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.
Governance and support costs
Support costs have been allocated between governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice.
Tangible fixed assets
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant and machinery 20% reducing balance Fixtures and fittings 20% reducing balance
Debtors
Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received.
Creditors
Creditors and provision are measured and accounted for in accordance with usually accepted accruals principles.
Taxation
As a registered charity, the organisation is exempt from income and corporation tax to the extent that its income and gains are applied towards the charitable objects of the charity and for no other purpose. Value Added Tax is not recoverable by the charity, and is therefore included in the relevant costs in the Statement of Financial Activities.
| 3 Charitable activities Charitable donations Bank charges Professional fees Governance costs Total |
Unrestricted Funds £ 101,069 37 20 570 101,696 |
Restricted Funds £ - - - - - |
2022 Total £ 101,069 37 20 570 101,696 |
2022 Total £ |
|---|---|---|---|---|
Expenditure on charitable activities comprises costs associated with the provision of emergency relief and other humanitarian developments, carried out by the charity directly. This is further analysed by country as follows.
9
Barakah Aid
Notes to the financial statements for the year ended 1 April 2022
| Pakistan Turkey 4 Governance Unrestricted Restricted Funds £ Funds £ Independent examiner fees 570 - 570 - 5 Transfer between funds There were no transfer of funds during the period. 6 Creditors: amounts falling due within one year Accruals 7 Unrestricted funds The unrestricted fund comprises of: Unallocated funds |
2022 Total £ 93,069 8,000 101,069 2022 Total £ 570 570 2022 £ 450 450 2022 £ 23,318 23,318 |
2022 Total £ |
2022 |
|---|---|---|---|
| 570 570 2022 £ 450 450 2022 £ 23,318 23,318 |
570 570 2022 |
||
| £ 450 450 2022 |
8 Trustees' Remuneration
None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity.
No trustee expenses have been incurred
There have been no related party transactions in the reporting period
10