Charity No: 1197573 ort of The Trustees and Unaudited Financial Statements For The Year Ended 31 December 2023 For Al Kalaam A Charitable Incor orated Or anisation Fordhams & Co Chartered Accountants Studio 6 6 Hornsey Street London N7 8GR Al Kalaam A Charitable Incor orated Or anisation Contents of The Financial Statements For The Year Ended 31 December 2023 Page Information Rew)rt of the Trustees Independent Examingrfs Report Slalemenl of Financial Activities Statement of Financial Position Notes to the Financial Statements 24 Al Kalaam A Charitable Incor Chari Information Fof The Year Ended 31 December 2023 orated Or anisation Trustees Mohammed Azzur Rahman Ashadur RahTnan Choudhary Abdul Munaim Khalisadar Md Abdus Salam Sayed Ahmed Bhuiya Chad Miah (Appointed on 18 October 20231 Ashique Ahmed (Appointed on 18 October 20231 Independent Examlnftr Fordhams & Co Limited Chartered Accounlanls Studio 6 6 Hornsey Street London N7 8GR Registered offlce 566 Cranbrook Road Ilford London IG2 6RE Charlty Rreglstration Number- 1197573 Al Kalaam A Charitable Incor orated Or ort of the Trustees For The Year Ended 31 December 2023 anisation The Trustees present their annual report and the Financial Slalements for the year ended 31 December The Trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of recommended Practice applicable to Charities preparing thgir accounts in accordance wlh the finan¢ial Reporting Standard applicable in the UK and Republic of of Ireland IFRS1021 leffeelive 01 January 20161. STRUCTURE, GOVERNANCE AND MANAGEMENT Gov9rnlng document The charity is controlled by its governing docLJmenl, a deed of trust, and constilues an incorporated Trustees ofAI Kalaam charity, are responsiL)le for overall management and control of the company and on a regular basis throughout the year. The work of implementation of their policies is also carried out by Iruslees, who also meet to finalise the annual report and financial statements for approval. REFERENCE AND ADMINISTRATIVE DETAILS Registorgd Charity Number 1197573 registered (England & Walesl on 19 January 2022 Registered and Principal office 566 Cranbrook Road Ilford London IG2 6RE Trustees Mohammed Azizur Rahman Ashadur Rahman Choudhury Abdul Munaim Khali&idar Md Abdus Salam Sayed Ahmed Bhuiya Chad Miah (Appointed on 18 October 20231 (Appointed on 18 October 20231 Ashique Ahmed Independent Examlner Fordhams & Co Limited Chartered Accountants Studio 6 6 Hornsey Street London N7 8GR Al Kalaam A Charitable In¢or orated Or Re ort of the Trustees For The Year Ended 31 De¢ember 2023 anisatlon Prlncl al ob'ectives of the Charl 1. To advance the teachings and practi￿$ of the religion of Islam for the benefit of public through holdings of prayers, meetings. lectures, estsblishing masajid and celebration of religious festivals. Actlvities and Achlevements As slated previoLJS year, the charity acquired a freèhold propety 81564 Cranbrook Road. Ilford. Essex, IG2 6RE, the ¢osl of which was financed through public donations and Qarde-Hasana linlerest free loans) from individuals and other similar institutions. The flat upstair which was temporarily let, n¢)w discontinued and forms part of the masjid and used for eharily activities. The aim of the charity is lo deliver public benefit through leaching of Islamic values and undertaking wide range of acliv(£ies In order lo bring communities together. To that end evening Madrasah classes have already started, 3 to 4 times a week. for both boys and girfs and also weekly Qur'an and Islamic studies are being taught. Also started Hifzul Qur'an classes in small numbers. These projects together wth other social programme like distribution of foods wll help develop friendships and social ne￿orkingS. For information of the public,the Tuslees have taken a building development program jointly with Al Kalaam. (a charitable company, all directors of which are a150 th& Iruslees of Al Kalaam CIO) next door, 566 Cranbrook Road. These charits'es, In legal terms and also for Accounting Standards purposes, are associated organisatsons. Already there are inler-¢ompany transactions between these charities, financially and in administrative matters, Financlal posltlon The Slalemenls of Financial Ath'vilies shows a net surplus of £113,752 for the year, with net funds of £203.240 as at 31 December 2023. statement of Trustees. R&sponslbllltles The Trustees have responsibility to prepare Annual Report and the Financial Slalemenls for each year, which fairly presents the slate of affairs of the charity and of the incoming resources and applications of resources. including the income and expenditure, al the end of th* period in accordance with the Charities Act 2011 and regulations there under. Al Kalaam A Charitable Incor orated Or ort of the Trustees For The Year Ended 31 December 2023 anisatlon Statement of Truste85' Responsibllltles. .contlnued In preparing these financial slatemenls, the Trustees 8re required to". s&lecl suitable accounting polieies and then apply them consislenlly.. observe the methods and prinaples in the Charities SORP IFRS 1021., make judgements and estimates that are reasonable and prudent., state whether applicable UK Accounting Standards have been folbwed, subject to any mater￿1 departures disclosed and explained in the financial slalements,. prepare the financial slalements on a going concern basis unless it is inappropriate lo presume that the activities of the charity will continue. The Iruslees are responsible for keeping adequate accounting records that disclose with reas¢Jnable accuracy at any lime the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. .They are also responsible for safeguarding the assets of the charity and hence for tsking reasonable steps for the prevention and detection of fraud and other irregularities. .For CIOS. followng informats'on musl be piovided by way of notes lo the financial slalemenls". al particulars of any guranlee given by the CIO bl particulars of any debt outstanding al the dale of statement thich is owed by the CIO and which is secured by an expressed charge on any of the assets of CIO. The Trustees are responsible for ensuring that the charity complies with laws and regulations applicable to its activities and for establishing arrangements, designed to prevent any rTrc*n-¢omplianee wth laws and regulations and lo delect any that occur. In so far as the trustees are aware.. there is no relevant audit information of which the Charitys auditDr is unaware., and the trustees have taken all steps that they ought lo have taken lo make themselves aware of any relevant audit information and lo establish that the auditor is aware of that information. Independent Examlner An independent exarninalion was carried out by Fordhams & Co Ltd. Chartered Accountants. The Chaiity elected lo dispense wlh the annual appointment of examiners. In the absence of a specific resdulion to the Contrary Fordhams & Co Ltd will conts'nue in office. These financial statements were approved by the boarLY of trustees and aulhorised for issue on 27 September 2024, and are signed on behalf of the board by.. Chad Mith (Trusteel Al Kala am A Charitable Incor orated Or Inde endent Examiner's Re Al Kalaam anisation I have examined the accounts and statements on pages 6 10 10 which have been prepared on the basis of accounting policies sel out on page 8. Respectlve responsibilities of Trustoes and Examiners: The Iruslees are responsible for the preparation of the financial stalemnls and they consider that an audit is not required for this year under section 14412) of the Charities Act 2011 Ilhe 2011 Act) and that an independent examination is needed. The charity's 9ross income for the year exceeded £25,000 and l am qualified lo undertake the examination by being a qualified member of the Institute of Chartered Accountants in England and Wales IICAEW). Having satisfied myself that the charity is not subject lo audit under company law and eligible for independent examination. il is my responsibillty lo.. examine the accounts under section 145 of the 2011 Act follow the procedures laid down in the general Directions given by the Charity Commission under section 145{5llbl of the 2011 Act.. stale whether particular matters have come lo my allenlion. Basis of independent examiner's report My examination was carried out in accordance with the 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.11 also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as Iruslees concerning any such mallers. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as lo whether the accounts present a "true and fair view" and the report is limited lo those mallers sel out in the slalemenl below. Independent examiner's statement In connection with my examination, no matter has come lo my attention.. 111 which gives me reasonable cause lo believe that in any material respect the requirements.. to keep accounting records in accordance with section 130 of the Charities Act 2011,. and lo prepare accounts which accord with the accounting records, comply with the accounting requirements of section 132111 of the Charities Act 2011 and with the methods and principles of the Slalemenls of Recommended Practice.. Accounting and Reporting by Charities have not been mel., or {2) lo which, in my opinion, attention should be drawn in order lo enable a proper understanding of the accounts to be reached. nil Seechurn FCA, FCCA, CTA Fordhams & Co Lid Registered Charlty Number 6 Hornsey Street London N7 8GR Dale.. 27 September 2024 Kalaarn A Charitable Inco oratgd Or ani tstement of financial activities F Th8 Y88r Ended 31 D cember 2 tion Unresirided Restri¢Aed Fund5 Funds 1.12.2023 Total Fund 1.12.2022 Total Fund Notes Incomlng Re8ource• Donabcns and othe 141.e75 141.675 101,902 Total Ihcomlno Ro*our￿$ 141.676 141,675 101.902 RESOLIRCES EXPENDED Direct ch8rrtable expenses olher administrative oyn&&s 27,023 27,023 11.514 Profeswonal expenses ooo 900 900 Totsl roiource• exp•ndod 27.923 27.923 12.414 Net Incom8 Forthe Yvar 113,752 113,752 89.488 Fund• at31st 0frcemb•r 2022 89.488 89.488 Funds ai Jilt Dg¢6mbor2023 203,240 203,240 89.488 The notes on pages 8 & 9 form part ofihese accounts. Al Kalaam A Charitable Incor orated O Statement of financial ition A5 at 31 Decembor 2023 anisation un￿strICted Restricted 31.12.2023 Funds Funds Tot81 Fund$ 31.12 2022 Total Funds Notes 526,343 526,343 526.343 517.603 526.343 517,603 Curr•nt asse Prepayments Cash at bank and in hand 299 112.279 112,279 187,141 Creditor8 Amounts f Ilin due wi Net Curront Ll•biliti 112,578 112,578 187.141 hin one 1435,6811 1323.1031 1615,2561 1428.1151 1323.1031 203.240 89,488 Fund Unrestricted Fund 203,240 89.4&9 Totsl Funds 203.240 89.488 Th8 finanaal stslements were approved by the 8oard of Trustees and authori8ed for issue on 27 Setefflober 2024 and were signed on its behalf by.. Sayed Ahm8d Bhutya Trustee Absul Munaim Khalisadar Trustee Al Kalaam A Charitable Inco orated O ani8ation Notes To The Financial Statements For The Year Ended 310ecembgr 2023 1. Gèneral Infom)ation The Charty is an Incorporated Oiganisalion ICIOI with Charty Commision and is registered in England and wales. It is a Trusteas only charity and in the event of the charity being wound up, thè liability of Ils trustees are limrted. The address of the règister office is 586 Cranbrook Road, lthrd. Essex, IG2 8RE 4tatement of Compllan¢e These financial staternents have been prepared in compliance with the provisions of FRS 102, The Financial Reporting Standard applicable in the UK and Rèpublic of Ireland.. 3. Accounting Policies 3.1 Basls of preparing the Ilnanclal statèrnents The financial statements of the chanlable company, which is a public benefit entity under FRS 102, have been prepared in accordance wrth the Charities SORP IFRS 1021 'Accouinling and R6POrting by Charities,: Statement of Recommended Practice, applicable to charitles preparing their accounts in accordanc6 with the Fin8n¢ial Reporting Standard in the UK and Republic of Ireland IFRS 1021 (effectivè 1 January 20161. Financi81 Reporting standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The fiancial 51atetrÉnts have been nprepared undèr the historical cost convention. 3.2 Incoming resou￿e$ All Incoming resources are recognised once the charity has enlillement to the resource, it 1$ certain that the resources will be received and the rnonelary value ol incoming resources ¢an be measured with sufficrenl 3.3 Resources èxpended Expenditurè is accounted for on an accruals basis. Overhead and other costs not directly 8ttributable to particular functional activity categoriès are apportioned over the relevant categories on the basis of managernent estimates of the amount attributable lo that activity in the year, either by refe￿nce to st8ff. time or space occupied. as appropriate. The itrecoverable element of VAT is induded with the item of expense to which il ielates. Governanc8 costs Cotnprise thè costs associated with meeting the constitutKJnal and strategic aims ol the charty and professional fees and costs linked to strategic managemer*l of tha charity. 3.4 Tanglble fixed asstts Depreaation is provided at the folbwing annual rate$ in order to write off each 858et over rts estimated useful Freehold propety- Land Freehold property- Buildings and èxtension Fixtures and fittings NIL - 2Vo on cost - 20% on cost 3.5 Fund accounting Unrestricted funds can be used in accordance with the ¢haritable objectives at the discretion of the trustees. Restricted funds can only bè used for p8rticular iestricted purposes within the objects of Ihe charty. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. 4. The Tru$toes' Rrèmunerntion and Beneflts No remuneration or benefits were paid lo any trustees fr>r the year ended 31 December 2023.12022 Nill. 5. Tanglble Flxed Assets Land BuilLllngS Fixtures & equipment Total Cost At 1 January 2023 Additions At 31 Decemb•r 2023 250.000 273,C64 523.064 14950 538 014 250 000 285 514 Al Kalaam A Charitable Incor orated Or anisatlon Notes To The Financial Statements For The Year Ended 31 Decembèr2023 Dèpreciation At 1 Dcembor 2023 Provisions for year At 31 00e0m￿r 2023 5,461 5,461 500 soo Net Book Value At 31 Dec&m￿r 2023 274 343 S26 Net Book Value At 31 D•c•mber 2022 250 000 267 603 6. Creditors falling du• within one ￿ar 31.12.2023 31.1 .2022 Private loans Accruals Asso¢ialed company Total 174,235 422,735 900 191 258 Private loans. 'Qard-e-Hasana' are intarasl free loans from the charitls beneficiaries. These loans are short terms and repayable on demand. 1 12.2023 422,735 47,000 31.12.2022 Balanc6 al 1 January Received during year Repaid during year Balanca at 31 Decemb•r 430,735 17 235 422 735 Rèlat$d party disclosurès As stated in Note 6 above, amounts owed lo an associated company Al Kalaam. limited by guarantee, by virtue ol having common dlro¢lorship. Detall8d Financial Statement 31.12.20 31.12.2 Incoming R&s¢urce5 Donations and others Rent received Total Incomlng Resources 121,350 100,715 141675 101902 Resources Expended Rates & Council Tax Insurance General adminislralion charges Bank charges Depreciation Professional fees Totsl Resourc•s Expèndod 13,917 12 4,837 433 6,210 5,075 714 2Sg 5.461 90 Not Income For the Year 11