UMM UL QURA FOUNDATION CIO CHARITY NO: 1192330 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
MST ACCOUNTANTS AND BUSINESS ADVISORS LIMITED 9 GRANGE ROAD NEWCASTLE UPON TYNE NE4 9LB
UMM UL QURA FOUNDATION CIO FINANCIAL STATEMENTS FOR
THE YEAR ENDED 31 DECEMBER 2021
INDEX TO FINANCIAL STATEMENTS
PAGE REF
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1 Trustees Report
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2 Independent Examiners Report 3-6 Financial Statements and Note
UMM UL QURA FOUNDATION CIO FINANCIAL STATEMENTS FOR
THE YEAR ENDED 31 DECEMBER 2021
T USTEES ANNUAL REPORT
The Trustees peruse the annual report and financial statements for the year ended 31 December 2021
Charity Name: - Umm Ul Qura Foundation CIO Principal Address of Charity: - Greenhill lane Leeds Road Bradford BD3 8EL
OBJECTS OF THE CHARITY
“To advance the Islamic faith, including but not limited to education in accordance with the teachings of the Quran and Hadith and by establishing an Ahl-E-Hadith centre to facilitate learning as well as a place of worship and Islamic education for children, men and women; The relief of those in need because of youth, age, ill-health, disability, financial hardship or other disadvantage in such ways as the charity trustees in their absolute discretion decide from time to time including (without limitation) supporting social work across West Yorkshire.”
NAMES OF THE TRUSTEES
The trustees of the charity are as follows: -
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Mahmood-UL-Hassan Yazdani
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Shouaib Ahmed
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Dr Muhammad Hammad Lakhvi
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Salahuddin Karim
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Sharifullah Shahid
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Abdul Basith Mohammed
The trustees are volunteers who serve in office for a period determined by general meeting. The trustees generally give their time freely and receive no remuneration or other benefits. Please see page 4.
STRUCURE GOVERNANCE & MANAGEMENT
ORGANISED STRUCTURE
The trustees meet at regular intervals and are responsible for all decisions in relation to the running of the charity.
RECRUITMENT OF TRUSTEES
The existing trustees are responsible for the recruiting of new trustees but in doing so the trustees seek the views and recommendations of others.
RISK MANAGEMENT
The trustees seek to take no risks with the running of the charity and the finances of the charity are kept under constant review.
ACTIVITIES & ACHIEVEMENTS
The Charity has pursued its objectives during the period of advancement of the Muslim religion in the local area through holding of prayer and lecture meetings as well as religious instruction to local children. There are regular lectures and meetings regarding the interaction of religion with modern living. Social awareness and personal responsibilities are explored as well as at these meetings. The trustees continued to undertake to raise substantial funds to improve building which would be used for the charity’s core objectives.
DECLARATION
I declare in my capacity of charity chairperson that the trustees have approved the above report and have authorised me to sign it on their behalf.
………………………………………………… Sharifullah Shahid
Dated: 25 December 2022
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REPORT TO THE TURSTEES AND MEMEBERS OF UMM UL QURA FOUNDATION CIO
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
Respective responsibilities of trustees and examiner
The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year (under section 144 (2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is needed.
It is our responsibility to:
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examine the accounts under section 145 of the 2011 Act;
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to follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 145 (5)(b) of the Act); and
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to state whether particular matters have come to our attention.
Basis of independent examiner’s statement
Our examination was carried out in accordance with 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 presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statements below.
Independent examiner’s statement
In connection with my examination, no matter has come to my attention
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(1) which gives me reasonable cause to believe that in any material respect the requirements:
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to keep accounting records in accordance with section 130 of the 2011 Act, and
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to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act
have not been met; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the bookkeeping and accounts to be reached
…………………………………..
9 Grange road MST ACCOUNTANTS AND BUSINESS ADVISORS LIMITED
Fenham Newcastle upon Tyne NE4 9LB
DATED: 25 DECEMBER 2022
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UMM UL QURA FOUNDATION CIO
ACCOUNTING STATEMENT STATEMENT OF FINANCIAL ACTIVITES FOR THE YEAR ENDED 31 DECEMBER 2021
INCOME RESOURCES
| UNRESTRICTED | UNRESTRICTED | |
|---|---|---|
| NOTES | FUNDS | |
| 2021 | ||
| £ | ||
| INCOMING RESOURCES | ||
| Donations | 76,716 | |
| Other Income | 5 | |
| Rent | 2,000 | |
| Total Incoming Resources | 78,721 | |
| RESOURCES EXPENDED | ||
| Charitable Expenditure | (2ai) | 1,335 |
| Costs of Activities for Charitable Objectives | (2aii) | 23,202 |
| Total Resources Expended | 24,537 | |
| Net Movement in Funds | 54,185 |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
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BALANCE SHEET AS AT 31 DECEMBER 2021
NOTES
| 2021 | |||
|---|---|---|---|
| £ | |||
| FIXED ASSETS | |||
| Building Improvements | (3) | 55,368 | |
| Equipment | (3) | 7,500 | |
| CURRENT ASSETS | |||
| Cash at Bank & in Hand | 1937 | ||
| CURRENT LIABILITIES | |||
| Loans – Qard Hasana | 5(h) | (10,000) | |
| Trade Creditors | 5(i) | (620) | |
| TOTAL NET CURRENT ASSETS LESS CURRENT LIABILITIES |
(8,683) | ||
| NET ASSETS | 54,185 | ||
| REPRESENTED BY: INCOME FUNDS | |||
| Unrestricted Funds | |||
| Funds brought forward | - | ||
| Surplus for Year | 54,185 | ||
| 54,185 |
The financial statements were approved by the trustees 23 December 2022
…………………………………………………
Sharifullah Shahid
Dated: 25 December 2022
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NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
1. ACCOUNTING POLICIES
(a) Basis of accounting
These accounts have been prepared in accordance with accounting standards, Accounting, and Reporting by Charities Statement of Recommended Practice (SORP 2005) and the Charities Act 2011.
2. EXPENDITURE
(a) Analysis of Resources Expended
i) Charitable Expenditure
| Self Employed Salary | 2021 1,335 1,335 |
|---|---|
ii) Cost of Activities in Furtherance of the Charity’s Objectives
| Bank Charges Postage, Stationary & Promotional Literature General Travel Rates Telephone & Fax Marketing, Advertising and Promotion Legal & Professional |
2,021 - 161 118 1,410 158 19,254 2,100 |
|---|---|
| 23,202 |
3. FIXED ASSETS
| COST At 13 November 2020 Additions Disposals At 31 December 2021 |
Building Improvements Equipment £ £ - - 55,368 7,500 |
|---|---|
| 55,368 7,500 |
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NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 CONT….
4. TRUSTEES AND OTHER RELATED PARTIES
No payments were made to trustees or other related parties for reimbursement of out-of-pocket expenses incurred by them.
5. CONTINGENT LIABILITIES
No material liabilities existed at the year-end.
6. DECLARATION
(a) Charges in Year End
The trustees have established 31 December as the financial year-end date.
(b) Designated Funds
The Charity does not have any designated funds.
(c) Discontinued, Continuing and Acquired Operations
All the charities operations are continuing operations and there were no operations Discontinued or acquired during the year.
(d) Inalienable or historic Assets
The charity has no assets at the balance sheet dated classed as inalienable or historic.
(e) Intangible Assets
The charity has no intangible assets.
(f) Subsidiaries
The charity has no subsidiary companies
(g) Uncapitalised Fixed Assets
The charity has no material fixed assets, which have not been capitalised and Included on the balance sheet
(h) Qard Hasana
The Qard Hasana loans are interest free and over no fixed time.
(i) Trade Creditors
| Legal and Professional Fees DIY Builders Merchants |
£ 500 120 |
|---|---|
| 620 |
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