Charity registration number: 1198632
## Baabul Islam Trust
Annual Report and Financial Statements for the Year Ended 31 March 2024
## **Baabul Islam Trust**
## **Contents**
|Reference and Administrative Details|1|
|---|---|
|Trustees' Report|2 to 3|
|Statement of Trustees' Responsibilities|4|
|Independent Examiner's Report|5|
|Statement of Financial Activities|6|
|Balance Sheet|7|
|Notes to the Financial Statements|8 to 13|
## **Baabul Islam Trust**
## **Reference and Administrative Details**
**Trustees** Abdul Sattar Asim Abdul Majid (deceased 14/10/2024) Abdullah Asim Mohammad Habib-Ur Rahman Mohammad Usman Javed **Principal Office** Babul Islam Trust Benjamin Street Wakefield WF2 9AR **Charity Registration Number** 1198632 **Bankers** Lloyds Bank 17 Westgate Wakefield WF1 1JZ **Independent Examiner** Ata Rehman MA AA Prime Services 26 Hampshire Cres Stoke On Trent ST3 4TR
## **Principal Office**
Page 1
## **Baabul Islam Trust**
## **Trustees' Report**
The trustees present the annual report together with the financial statements of the charity for the year ended 31 March 2024.
## **Objectives and activities**
## _**Objects and aims**_
The CIO constitution defines the charity's objects are the advancement of the Islamic faith throughout England in accordance with the statement of faith for the benefit of the public, through holding of prayer meetings, lectures producing and/or distributing literature on Islam to enlighten others about the Islamic religion.
The objectives for the year were to continue to raise funds to purchase the building/property to establish a masjid. Funds are raised by voluntary collections and donations. There are no specific fundraising targets set, the charity relies on the willingness of individuals to contribute what they can afford to donate.
## _**Summary of the main activities planned**_
- a) Provide services of mosque to promote Islamic faith to all age groups.
- b) Provide supplementary school (Madrasah) classes to teach the children the Quran and Islamic Studies.
- c) Arrange regular talks and lectures.
- d) Facilitate youth empowerment workshops.
- e) Arrange special talks for women.
## _**Public benefit**_
The trustees have considered this, in conjunction with the guidance contained in the Charity Commission’s general guidance on public benefit, and have concluded that:
- the aims of the charity continue to be charitable;
- the work done by the charity gives identifiable benefits to the charitable sector and both directly and indirectly to individuals in need;
- the benefits are for the public; not unreasonably restricted in anyway;
- there is no detriment or harm arising from the aims or activities.
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
## **Achievements and performance**
During this year the charity continued to collect funds and arrange interest free community loans to purchase a building for mosque. The purchase of the building has been completed during the year and mosque facilities made available to the public.
## **Financial review**
During the year, the charity raised £40k (2023: £41k) and after spending £8k (2023: £11k), the charity’s carry forward reserves were £62k (2023: £30k). The details are shown in the annexed financial statements
## _**Policy on reserves**_
The charity reserves funds to cover 6 months expenditure which will ensure that the charity can continue its activities for that length of time even if there is a sudden and significant drop in funding.
## **Plans for future periods**
The charity envisages conducting the following tasks as part of its plans for the future.
**Promotion of faith:** Propagation of Muslim faith to the younger generation by introducing a range of activities that attract and inspire them more than the traditional services offered.
## **Structure, governance and management**
## _**Nature of governing document**_
The charity is a charitable incorporated Organisation (CIO), governed by CIO constitution and registered with the Charity Commission on 14 April 2023.
Page 2
## **Baabul Islam Trust Trustees' Report**
## _**Organisational structure**_
Trustees **a** re responsible for setting strategies, and poli **c** ies for ensurin **g** these are implemented.
## _**Appointment of trustees**_
New Trus **t** ees may be re **c** ruited to the B **o** ard at any tim **e** by the Truste **e** s..
## _**Reference and administrative details**_
Referenc **e** and administr **a** tive details are provided on p **a** ge 1.
## _**Major risks and management of those risks**_
The chari **t** y's trustees have considered **t** he major risks to which the charity is expos **e** d and have r **e** viewed potenti **a** l risks. No major risk **s** have been id **e** ntified.
The annu **a** l report was a **p** proved by the **t** rustees of the **c** harity on 21/01/2025 and sign **e** d on its behal **f** by:
....................................................... Abdul Sat **t** ar Asim Chair
Page 3
## **Baabul Islam Trust**
## **Statement of Trustees' Responsibilities**
The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgments and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the constitution. The trustees 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.
Page 4
## **Baabul Islam Trust**
## **Independent Examiner's Report to the trustees of Baabul Islam Trust**
I report t **o** the trustees on my examination of the acc **o** unts of Baabul Islam Trust (‘the charity’) for the year ende **d** 31 March 2024, whi **c** h are set out on pages 6 to 1 **3** .
## **Responsibilities and basis of report**
As the ch **a** rity’s trustees, you are responsible for the **p** reparation of t **h** e accounts in accordance wi **t** h the require **m** ents of the Charities **A** ct 2011 (‘the **A** ct’).
I report in respect of my **e** xamination of **t** he charity’s ac **c** ounts carried **o** ut under secti **o** n 145 of the 2 **0** 11 Act and in **c** arrying out my exami **n** ation, I have **f** ollowed all the applicable Dir **e** ctions given b **y** the Charity C **o** mmission und **e** r section 145(5)(b) of the Act.
## **Independent examiner’s statement**
I have c **o** mpleted my e **x** amination. I **c** onfirm that no material matt **e** rs have come to my attenti **o** n in connecti **o** n with the examinati **o** n which gives me cause to b **e** lieve that, in a **n** y material resp **e** ct:
1. acc **o** unting record **s** were not kept in accordance **w** ith section 13 **0** of the Act; or
2. the accounts do n **o** t accord with t **h** ose records; o **r**
3. the accounts do n **o** t comply with t **h** e accounting **r** equirements c **o** ncerning the f **o** rm and conten **t** of accounts s **e** t out in the Ch **a** rities (Account **s** and Reports) Regulations 2 **0** 08 other than any requirement that the acc **o** unts give a ‘t **r** ue and fair vie **w** ' which is not **a** matter consid **e** red as part of **a** n independent examination.
I have no concerns and have come ac **r** oss no other **m** atters in conn **e** ction with the **e** xamination to which attentio **n** should be drawn in t **h** is report in or **d** er to enable a **p** roper underst **a** nding of the accounts to be re **a** ched.
...................................... Ata Rehman MA AA Prime Services 26 Hamp **s** hire Cres Stoke On Trent ST3 4TR
Date: 21/ **0** 1/2025
Page 5
## **Baabul Islam Trust**
## **Statement of Financial Activities for the Year Ended 31 March 2024**
|**Note**
**Income and Endowments from:**
Donations and legacies
2
Other income
3
Total income
**Expenditure on:**
Charitable activities
4, 6
Total expenditure
Net income
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
16
**Note**
**Income and Endowments from:**
Donations and legacies
Other income
Total income
**Expenditure on:**
Charitable activities
Total expenditure
Net income
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
16|**Unrestricted**
**Funds**
**£**
35,705
4,000
39,705
(7,415)
(7,415)
32,290
32,290
29,689
61,979
**Unrestricted**
**Funds**
**£**
40,528
-
40,528
(10,839)
(10,839)
29,689
29,689
-
29,689|**Total**
**2024**
**£**
35,705
4,000|
|---|---|---|
|||39,705|
|||(7,415)|
|||(7,415)|
|||32,290|
|||32,290
29,689|
|||61,979|
|||**Total**
**2023**
**£**
40,528
-|
|||40,528|
|||(10,839)|
|||(10,839)|
|||29,689|
|||29,689
-|
|||29,689|
All of the charity's activities derive from continuing operations during the above two periods.
Page 6
## **Baabul Islam Trust**
## **(Registration number: 1198632) Balance Sheet as at 31 March 2024**
|**Fixed ass**
Tangible**a**
**Current a**
Debtors
Cash at b**a**
**Creditors**
**Creditors**
**Net asset**
**Funds of**
**Unrestric**
Unrestrict**e**
**Total fund**
**ets**
ssets
**ssets**
nk and in han**d**
**: Amounts fall**
**: Amounts fall**
**s**
**the charity:**
**ted income fun**
d funds
**s**
**ing due within**
**ing due after m**
**ds**
**one year**
**ore than one y**
**ear**
**Note**
11
12
13
14
15
16|**2024**
**£**
23**0**
2**5**
1**7**
4**2**
(21**0**
6**1**
6**1**
6**1**
,464
,000
,015
,015
(500)
,000)
,979
,979
,979|**2023**
**£**
-
103,000
1,189|
|---|---|---|
|||104,189
(500)|
|||(74,000)|
|||29,689|
|||29,689|
|||29,689|
The finan **c** ial statements **o** n pages 6 to 13 were approv **e** d by the truste **e** s, and authori **s** ed for issue o **n** 21/01/2025 a **n** d signed on their b **e** half by:
.................................................... Abdul Sat **t** ar Asim Chair
Page 7
## **Baabul Islam Trust**
## **Notes to the Financial Statements for the Year Ended 31 March 2024**
## **1 Accounting policies**
## **Statement of compliance**
The financial statements have been prepared in accordance with 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) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
## **Basis of preparation**
Baabul Islam Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
## **Going concern**
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
## **Income and endowments**
Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.
## _**Donations and legacies**_
Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.
## **Expenditure**
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
## _**Charitable activities**_
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
## _**Grants receivable**_
Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.
## **Governance costs**
These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees’ meetings and reimbursed expenses.
## **Taxation**
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Page 8
## **Baabul Islam Trust**
## **Notes to the Financial Statements for the Year Ended 31 March 2024**
## **Tangible fixed assets**
Individual fixed assets costing £300.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
## **Depreciation and amortisation**
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Freehold Land - No depreciation Buildings - 50 years (straight line) Office Equipment - 3 years (straight line)
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
## **Trade creditors**
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of the charity’s activities. Accounts payable are classified as current liabilities if the does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
## **Fund structure**
Unrestricted income funds are general funds that are available for use at the trustees' discretion in furtherance of the objectives of the charity.
Page 9
## **Baabul Islam Trust**
## **Notes to the Financial Statements for the Year Ended 31 March 2024**
|**2 Income from donations and legacies**
Donations and legacies;
Donations
Grants
Gift aid reclaimed|**Unrestricted**
**funds**
**General**
**£**
31,255
4,450
-
35,705|**Total**
**Total**
**2024**
**2023**
**£**
**£**
31,255
40,528
4,450
-
-
-
35,705
40,528|
|---|---|---|
## **3 Other income**
|Fees and supplies|**Unrestricted**
**funds**
**Total**
**General**
**£**
**2024**
**£**
4,000
4,000
4,000
4,000|**Total**
**2023**
**£**
-|
|---|---|---|
|||-|
## **4 Expenditure on charitable activities**
|Facilities
Office expenses
Consultancy
Governance|**Activity**
**undertaken**
**directly**
**Activity**
**support**
**costs**
**£**
**£**
5,596
548
771
500
6,915
500|**Total**
**2024**
**£**
5,596
548
771
500
7,415|**Total**
**2023**
**£**
8,457
582
1,800|
|---|---|---|---|
||||10,839|
## **5 Analysis of governance and support costs**
## **Governance costs**
|Independent examiner fees
Examination of the financial statements
Other governance costs|**Unrestricted**
**funds**
**General**
**£**
500
-
500|**Total**
**2024**
**£**
500
-
500|**Total**
**2023**
**£**
500
1,300|
|---|---|---|---|
||||1,800|
Page 10
## **Baabul Islam Trust**
## **Notes to the Financial Statements for the Year Ended 31 March 2024**
## **6 Net incoming/outgoing resources**
Net outgoing resources for the year include:
|Depreciation of fixed assets|**2024**
**2023**
**£**
2,000
**£**
-|
|---|---|
## **7 Trustees remuneration and expenses**
No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.
## **8 Staff costs**
The aggregate payroll costs were as follows:
|**Staff costs during the year were:**
Wages and salaries
Social security costs
Average number of employees during the year: 0
No employee received emoluments of more than £60,000 during the year|**2024**
**£**
-
-
-|**2023**
**£**
-
-|
|---|---|---|
|||-|
||||
## **9 Independent examiner's remuneration**
|**9 Independent examiner's remuneration**|||||
|---|---|---|---|---|
||**2024**||**2023**||
||**£**||**£**||
|Examination of the financial statements||500||500|
Page 11
## **Baabul Islam Trust**
## **Notes to the Financial Statements for the Year Ended 31 March 2024**
## **10 Taxation**
The charity is a registered charity and is therefore exempt from taxation
## **11 Tangible fixed assets**
|**11 Tangible fixed assets**||||||
|---|---|---|---|---|---|
|**Cost**
At 1 April 2023
Additions
At 31 March 2024
**Depreciation**
At 1 April 2023
Charge for the year
At 31 March 2024
**Net book value**
At 31 March 2024
At 31 March 2023
**12 Debtors**
Other debtors
**13 Cash and cash equivalents**
Cash on hand
Cash at bank
**14 Creditors: amounts falling due within one year**
Trade creditors
Other taxation and social security
Accruals|**Land and**
**buildings**
**£**
-
232,464
232,464
-
2,000
2,000
230,464
-||**Furniture and**
**equipment**
**£**
-
-
-
-
-
-
-
-
**2024**
**£**
25,000
25,000
**2024**
**£**
-
17,015
17,015
**2024**
**£**
-
-
500
500||**Total**
**£**
-
232,464
232,464
-
2,000
2,000
230,464
-
**2023**
**£**
103,000|
|||||||
|||||||
|||||||
|||||||
|||||||
|||||||
||||**2024**
**£**
25,000
25,000
**2024**
**£**
-
17,015
17,015
**2024**
**£**
-
-
500
500|||
||||||103,000|
||||||**2023**
**£**
-
1,189|
||||||1,189|
||||||**2023**
**£**
-
-
500|
||||||500|
Page 12
## **Baabul Islam Trust**
## **Notes to the Financial Statements for the Year Ended 31 March 2024**
**15 Creditors: amounts falling due after more than one year**
|Interest-free loans (Qard-e-Hasan)
**16 Funds**
**Unrestricted funds**
General
**Unrestricted funds**
General|**Balance at 1**
**April 2023**
**£**
29,689
**Balance at 1**
**April 2022**
**£**
-|**Incoming**
**resources**
**£**
39,705
**Incoming**
**resources**
**£**
40,528|**2024**
**£**
210,000
210,000
**Resources**
**expended**
**£**
(7,415)
**Resources**
**Expended**
**£**
(10,839)|**2023**
**£**
74,000|
|---|---|---|---|---|
|||||74,000|
|||||**Balance at 31**
**March 2024**
**£**
61,979|
|||||**Balance at 31**
**March 2023**
**£**
29,689|
## **17 Related party transactions**
There are no related party transactions to disclose.
Page 13