## **TRUSTEES REPORT** _**FOR THE YEAR ENDED 31 December 2021**_ The Trustees present their report and financial statements for the year ended 31 December 2021.. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the CIO's constitution, the Charities Act 2011 and "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)" (as amended for accounting periods commencing from 1 January 2016) ## **Objectives and activities** Our objectives are set to reflect our faith and community aims. Each year our trustees review our objectives and activities to ensure they continue to reflect our aims. In carrying out this review the trustees have considered the Charity Commission's general guidance on public benefit and in particular its supplementary public guidance on the advancement of religion for the public benefit. Our aims remain to provide a community support to the Sri Lankan Muslim lives in Luton and Dunstable area. The objects of the charity are set out in the charity's constitution and are summarized as: THE OBJECTS OF THE CIO ARE • THE ADVANCEMENT OF EDUCATION FOR THE PUBLIC BENEFIT, AND IN PARTICULAR FOR THE SRI LANKAN COMMUNITY TO PROMOTE LEARNING OF LIFE SKILLS INCLUDING SRI LANKAN CULTURAL HERITAGE, ENGLISH LANGUAGE LITERACY AS WELL AS TAMIL, PHYSICAL EDUCATION AND CITIZENSHIP SKILLS. • TO ADVANCE THE ISLAMIC FAITH IN LUTON FOR THE BENEFIT OF THE PUBLIC, PROVIDING AN ETHICAL FRAMEWORK AND CONTRIBUTING TOWARDS A BETTER SOCIETY BY PROMOTING SOCIAL COHESION AND SOCIAL CAPITAL The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the CIO should undertake. ## **OBJECTIVES AND ACTIVITIES** ## **Charitable activities** The charity carries out a wide range of activities in pursuance of its charitable aims. The trustees consider that these activities, ## **FINANCIAL REVIEW** ## **Principal funding sources** Our Association's main sources of income are regular community members' donations and through fund raising events ## **Reserves policy** The trustees have reviewed the reserves of the charity. Their policy is to hold sufficient funds to meet operating costs of the Association ## **Financial review** It is the policy of the CIO that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three- and six-month’s expenditure. The Trustees considers that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the CIO's current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year. The Trustees has assessed the major risks to which the CIO is exposed and are satisfied that systems are in place to mitigate exposure to the major risks. ## **Structure, governance and management** Al Furqan is constituted as a Charitable Incorporated Organization registered with the Charity Commission on 25th September 2020 under charity number 1191474. It is governed by constitution. The Trustees who served during the period and up to the date of signature of. The financial statements were: Azath Kamil Mohamed Lafir Mohamed Fawzy Ahamed Kabeer Abdul Cader Mohamed Firoze Mohamed Jawzy Thasthakeer Lebbe Ahamed Ithkan Mohamed Imran Falik Hanifa Mohamed Riyaz Jamaldeen Jawsad Mohamed Yousuf Jaleel Noordeen Hussaindeen Sharifdeen Mohamed Hacheem Mohamed Nawab Mohamed Fayas Mohamed Amanullah None of the Trustees has any beneficial interest in the CIO. The trustees are responsible for the general control and management of the charity. **Risk management** The trustees have assessed the risks the charity faces and have drawn up a risk matrix which identifies the major risks by area of activity, the nature of those risks, the likelihood of the risks happening, and the measures taken to manage them. The trustees review this risk matrix regularly at their meetings. The trustees are satisfied that systems are in place. The Trustee’s report was approved by the Board of Trustees on 31[st] May 2022 ……………………….. **TREASURER** Mohamed Imran Ahamed Ithkan |**AL FURQAN**|||**1191474**|| |---|---|---|---|---| |**Receipts andpayments accounts**||||**CC16a**| |**For the period**
**from**|25/09/2020|**To**|31/12/2021|| |**Section A Receipts and payments**|**Section A Receipts and payments**|||||| |---|---|---|---|---|---|---| |**A1 Receipts**|**Unrestricted**
**funds**
**to the nearest £**
**24,034**
**-**
**-**
**-**
**-**
**-**
**-**
**-**

**24,034**
**-**
**-**
**-**
**24,034**
**1,212**
**2,427**
**607**
**759**
**-**
**-**
**-**
**-**
**-**
**5,005**
**-**
**-**
**-**
**5,005**
**19,029**
**-**
**-**
**19,029**|**Restricted**
**funds**
**to the nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**Endowment**
**funds**
**to the nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**Total funds**
**to the nearest £**
**24,034**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**24,034**
**-**
**-**
**-**
**24,034**
**1,212**
**2,427**
**607**
**759**
**-**
**-**
**-**
**-**
**-**
**5,005**
**-**
**-**
**-**
**5,005**
**19,029**||**Last year**
**to the nearest £**| |Income from Subscriptions and Events|**24,034**|||||**-**| ||**-**|||||**-**| ||**-**|||||**-**| ||**-**|||||**-**| ||**-**|||||**-**| ||**-**|||||**-**| ||**-**|||||**-**| ||**-**|||||**-**| |**_Sub total_**_(Gross income for_
_AR)_|
**24,034**|||||**-**| |||||||| |**A2 Asset and investment sales,**
**(see table).**||||||| ||**-**|||||| ||**-**
|||||**-**| |~~**_Sub total_**~~|**-**|||||**-**| |**_Total receipts_ **
**A3 Payments**||||||| |||||||**-**| |||||||| |
Eid Sweets and Gifts|**1,212**|||||**-**| |Event Expenses|**2,427**|||||**-**| |Subscriptions|**607**|||||**-**| |Other Expenses|**759**|||||**-**| ||**-**|||||**-**| ||**-**|||||**-**| ||**-**|||||**-**| ||**-**|||||**-**| ||**-**|||||**-**| |**_Sub total_ **|**5,005**|||||**-**| |||||||| |**A4 Asset and investment**
**purchases, (see table)**||||||| ||**-**|||||| ||**-**|||||| |**_Sub total_ **|**-**|||||**-**| |**_Total payments_**
**_Net of receipts/(payments)_**
**A5 Transfers between funds**
**A6 Cash funds last year end**
**_Cash funds this year end_**||||||| |||||||**-**| |||||||| ||**19,029**|**-**|**-**|**19,029**||**-**| ||**-**|**-**|**-**|**-**||**-**| ||**-**|**-**|**-**|**-**||**-**| ||**19,029**|**-**|**-**|**19,029**||**-**| CCXX R1 accounts (SS) 31/10/2022 1 ## **Section B Statement of assets and liabilities at the end of the period** |**Categories**
Signed by one or two trustees on
behalf of all the trustees
**B5 Liabilities**
**B3 Investment assets**
**B2 Other monetary assets**
**B4 Assets retained for the**
**charity’s own use**
**B1 Cash funds**|**Details**
**Details**
**Details**
**_Total cash funds_**
**Details**
(agree balances with receipts and payments
account(s))
Cash in hand and at Bank
**Details**
Signature|**Unrestricted**
**funds**
**Restricted**
**funds**
**to nearest £**
**to nearest £**
**19,029**
**-**
**-**
**-**
**-**
**-**
**19,029**
**-**
OK
OK
**Unrestricted**
**funds**
**Restricted**
**funds**
**to nearest £**
**to nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**asset belongs**
**Cost (optional)**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**asset belongs**
**Cost (optional)**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**liability relates**
**Amount due**
**(optional)**
**-**
**-**
**-**
**-**
**-**
Print Name
Mohamed Imran Ahamed Ithkan|**Endowment**
**funds**
**to nearest £**| |---|---|---|---| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||OK| ||||**Endowment**
**funds**
**to nearest £**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**Current value**
**(optional)**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**Current value**
**(optional)**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**When due**
**(optional)**| ||||| ||||| ||||| ||||| ||||| ||||| ||||Date of
approval| |||Mohamed Imran Ahamed Ithkan|31/05/2022| ||||| CCXX R2 accounts (SS) 31/10/2022 2