2023-03-31-accounts

Registered number 1198487

Darul Ihsaan Barking Report and Accounts 31 March 2023

Purple Tax Advisors & Accountants

Office 994, 321-323 High Road Chadwell Heath RM6 6AX

Darul Ihsaan Barking Profit and Loss Account for the year ended 31 March 2023

Charity information	1
Trustees' report	2
Independent Examiner's report	3
Statement of Financial Activities (SOFA)	5
Income & expenses account	6
Balance sheet	7
Notes to the accounts	8
Detailed Income & expenses account	10

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Darul Ihsaan Barking

Charity Information

Trustees

Muhammad Ammaar Domun Naushad Ali Kanowah Muhammad Razan Uddin

Accountants

Purple Tax Advisors Ltd Office 994 321-323 High Road, Chadwell Heath RM6 6AX

Charity number 1198487

Registered office

86 Longbridge Road Barking IG11 8SF

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Darul Ihsaan Barking Registered number: 1198487 Trustees' Report

The trusteess present their report and accounts for the year ended 31 March 2023.

STATEMENT OF TRUSTEES'S RESPONSIBILITIES

The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities Act 2011 and the Charities (Accounts and Reports) Regulations 2008. Notwithstanding the explicit requirement in the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008, to prepare the financial statements in accordance with the Charities SORP, according to the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in February 2016), (The SORP).

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 ofthe financial year and of the surplus or deficit of the charity, In preparing those financial statements the Trustees are required to:-

: to prepare the accounts in accordance with United Kingdom GAAP (Generally Accepted Accounting Practice) (United Kingdom Accounting Standards and applicable law).

: select suitable accounting policies and apply them consistently;

: make judgements and estimates that are reasonable and prudent;

: prepare the financial statements on the going concern basis unless it is incorrect to presume that the charity will continue in business;

: state whether applicable accounting standards and statements ofrecommended practice have been followed, subject to any material departures disclosed and explained in the financial statements;

The law requires that the trustees must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the charity and ofthe surplus or deficit of the charity for the year.

The Trustees are also responsible for the contents of the Trustees' report, and the statutory responsibility of the Independent Examiner in relation to the Trustees' report is limited to examining the report and ensuring that, on the face of the report, there are no material inconsistencies with the figures disclosed in the financial statements.

This report was approved by the board of trustees on 20 October 2023.

Muhammad Ammaar Domun Chair

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Independent Accountant's Statement, report and opinion

We have nothing to report in respect of the following matters where the Companies Act 2006 and the Charities Act 2011 require us to report to you if, in our opinion and subject to the limitations upon the scope of our work as detailed above, in connection with our examination, no matter has come to our attention:

1) Which gives us reasonable cause to believe that in any material respect the requirements to keep accounting records in accordance with section 41 of the relevant Act; and to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act have not been met or

2) to which, in our opinion, attention should be drawn to enable a proper understanding of the accounts to be reached.

Syed Al-Mahmood Licenced Independent Examiner Purple Tax Advisors & Accountants Office 994, 321-323 High Road Chadwell Heath RM6 6AX

Date

31/01/2024

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Darul Ihsaan Barking Statement of Financial Activities for the year ended 31 March 2023

	Unrestricted	Restricted	Total
	Funds	Funds	Funds
Notes	2023	2023	2023
Incoming resources
Incoming resources from generated funds
Donations	62,052	-	62,052
Incoming resources from charitable activities
Resources expensed
Costs of generating funds
Staffing & associated costs	325	-	325
Costs of charitable activities
Governance costs
Other resources expensed	41,954	-	41,954
Total resources expensed	42,279	-	42,279
Net incoming resources
before transfers between funds	19,773	-	19,773
Gross transfers between funds	-	-	-
Net incoming resources before
Other recognised gains and losses	19,773	-	19,773
Net movement in funds	19,773	-	19,773
Reconciliation of funds	-	-	-
Total funds brought forward	-	-	-
Total Funds carried forward	19,773	-	19,773

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Darul Ihsaan Barking Income & Expenses Account for the year ended 31 March 2023

Turnover Direct Costs Gross profit Administrative expenses Operating profit Surplus from ordinary activities before taxation Tax on surplus from ordinary activities Surplus for the financial year	2023 £ 62,052 (3,357) 58,695 (41,954) 16,741 16,741 - 16,741

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Darul Ihsaan Barking Registered number: Balance Sheet as at 31 March 2023

1198487

Notes Fixed assets Tangible assets 3 Current assets Cash at bank and in hand Net current assets Net assets Capital and reserves Profit and loss account Members' funds	9,494	2023 £ Unrestricted 7,247 9,494 16,741 16,741 16,741

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit in accordance with section 476 of the Act.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.

Muhammad Ammaar Domun Trustee Approved by the board on 31 January 2024

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Darul Ihsaan Barking Notes to the Accounts for the year ended 31 March 2023

1 Accounting policies

Basis of preparation

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Intangible fixed assets

Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

Tangible fixed assets

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

Freehold buildings over 50 years Leasehold land and buildings over the lease term Plant and machinery over 5 years Fixtures, fittings, tools and equipment over 5 years

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

Debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

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Darul Ihsaan Barking Notes to the Accounts for the year ended 31 March 2023

Creditors

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Taxation

A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Provisions

Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Depreciation:

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Leased assets

A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

Pensions

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Darul Ihsaan Barking Notes to the Accounts for the year ended 31 March 2023

Contributions to defined contribution plans are expensed in the period to which they relate.

2 Employees Average number of persons employed by the company 3 Tangible fixed assets Cost Additions At 31 March 2023 Depreciation Charge for the year At 31 March 2023 Net book value At 31 March 2023	2023 Number 1	Plant and machinery etc £ 9,059 9,059 1,812 1,812 7,247

4 Other information

Darul Ihsaan Barking is a Charitable Incorporated Organisation registered with Charity Commission for England and Wales. Its registered address is 86 Longbridge Road, IG11 8SF 86 Longbridge Road

Barking IG11 8SF

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Darul Ihsaan Barking Detailed Income & Expenses Account for the year ended 31 March 2023

This schedule does not form part of the statutory accounts

Sales Sales Cost of sales Other direct costs Administrative expenses Employee costs: Wages and salaries Staff training and welfare Travel and subsistence Premises costs: Rent Light and heat Cleaning General administrative expenses: Telephone and internet Stationery and printing Repairs and maintenance Depreciation Sundry expenses Legal and professional costs: Other legal and professional	2023 £ 62,052 3,357 201 80 44 325 30,333 4,925 1,932 37,190 492 123 1,932 1,812 4 4,363 76 76 41,954

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