DARUL ULOOM CHANDBHARANG FOUNDATION Charity Registration Number: 1199746 REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 REPORTING ACCOUNTANTS.. AM ACCOUNTANCY SERVICES 43 8EN JONSON ROAD LONDON E14SA TEL.. 020 7790 6111 Page 1 0112
DARUL ULOOM CHANDBHARANG FOUNDATION FOR THE YEAR ENDED 31 JULY 2024 CONTENTS Pages lnlormab.on of financial Statements Report ol the Executive Committee Slatement of respOnsbIlitieS ol the Cotnmiltee.. Independent Exarninerfs Report Income and Expenditure Accounts SlateFnent of Assets and Liabilities 10 Noles lo the Accounts 11.12. Page20112
DARUL ULOOM CHANDBHARANG FOUNDATION FOR THE YEAR ENDED 31 JULY 2024 ADORESS 82 Richmond Road London IG11 1JZ BANKER Lloyds Bank INDEPENDENT EXAMINER AM ACCOUNTANCY SERVICES 43 BEN JONSON ROAD LONDON E1 4SA TEL-. 020 77WJ 6111 Charity's Trustees: Muhamined Nazim Uddin Mohammed Ruhul Ahmèd Md 8odrul Aom Page3of12
DARUL ULOOM CHANDBHARANG FOUNDATION REPORT OF THE EXECUTIVE COMlJtITTEE FOR THE YEAR ENDED 31 JULY 2024 The trustees present their rep¢Jrt and financial statements for the year ended 31 July 2024. The Trustees liave adopted tlie provisions of tlie stemen1 of Recommended Prnctice (SORP) Accounting ¢iiid Reporting by Charities issued in 2(KlS in prepai'ing the annual Teport and financial stateinents of the Cliai'i(y. Legal Status: Charity.. Registered with the Charily Commission, Charity Number: 1199746 Objects, Prineipxl Aclivities and Organisation of the Charity. The Charity's object is Ihe advancement of cdiication and relief ot. povcrly and sickne55 in Bangladesh, in pariicular but noi exclisively by Ilie Inaking of granis. Organisation: A Managernent Committee. the members of which are the tnjstees manages Ihe affairs of the tharty The Managètnent Committee manages the business ol the charity including the paying of all expenses Trustees: Trii.%lecs, wlio are all Inembers of tlie execuiive comniittee, £ind who 5Lrved during ilie year ale sct out on page S. ie trustee5 are elec(ed ai ilTre Aniiual Gener<il Mceling, for membersliip of ihe Ixccutive CoThinittce and serve until Ilie end of Ihe next Annual (icncral Meeting, wh¢rc Il)ey can sidiid for re- eleciiuii as members of ihe new Lxecutive Coinmiltee. Trustees responsibilities in rclation to the finaneial statements The coiiiinittee or TTllStees are Icquircd by charily'5 law to prepare fJtLaiicial 5talements for each fin£incial year which give a ti'ue ai)d lair vÉew of (he f5nancidl Jctivities of the charity find of ils f5nancial position al the end of that year. In preparing those financial 5taiemenls th¢ Truslees are r¢quired io.. The Trustee5 are responsible lor pparIng the Tiustees Annual Report and Ihe Financial Slalemenls in accordance wth applicable law and regulations alld United Kingdom Accounting Standards Iunited Kingdom Generally Accepled Accoun11ng Pr8clicel. The law applicable to charities In England and Wale5 requires the Trustees lo prepiare Financial Slatemenls loi each financial year which give 3 true and fair view ol the stale ol affairs ol the charity and of the incoming resou($ and application ol resource5 of the charity for that peFK)d. In preparing these Financial Statetnenls, the Trustees are required to.. Seled suilable accounting policies and then apply Ihem consislenlly". Observe the methods and principles in the Charities SORP,. Make jud9emenls and accounting estimates thai are ieasonable and prudenl.. Prepare the Financial Statements on the going concern basis unless il Is inappropriate to presurne that the charity will continue in operatKsn Page 4 of 12
DARUL ULOOM CHANDBHARANG FOUNDATION REPORT OF THE EXECUTIVE COMMITTEE FOR THE YEAR ENDED 31 JULY 2024 The Trustees are responsible for keeping proper accounting records that disclose with ie8sonable accuiacy at any time the financial posi110n of the charity and enable them to ensure that the Financial Statements comply with the Charities Act 2011. The Charsty IAccotJnt5 and Reports) Regulations 2008 and the provisions of the Iru5t deed. They are also responsible lor salegu8rding the assets ol the charily and hence for laking reasonable sleps for the prevention and detection ol fraud and othei irregularities VOLUNTEERS: The Trustees wish to record Iheir appreciation on behalf of Ihe Chafty and comrnunity lor the volunteers who. assisl in the smooth running ol the Charity and are critical in helping to keeps the running costs down RISK REVIEW.. The Tfuslees have conducled their own ieview ol the maior risks to which the Charity is exposed and 51eps have been *nilialed lo minimise Ihe identified risk5. All luncb.ons of the Charity are subjected to periodic review resulting in a process ol ollgoing improvement All slaff and volunteer5 are trained and have all the required statutory and regulatory dearaS required. SERIOUS INCIDENTS AND EXCEPTIONS.. The Truslees are pleased to note, that there were no inadents which gave rise to the need for the Trustees to lodge a Serious Incident Report with the Charily Commission. Furthermoig, there were no ExceptOn$ recorded and which gave rise lo the need for fhe Trustees to iecord on the Charily's Exceptr"ons' Register. RELATED PARTY TRANSACTIONS: Duiing the year the Chanty was undeT Ihe conlrol ol Trustees and Management Commiitee membeis as Ile above. This report. which has been prepared In accoidance wilh the Special provisions of Part 15 01 the ompanies Acl 2006 appluble lo sm811 companies. No members ol the managetnent committee feeeived any remuneration during the year No trustee or olher person related to the charily any personal interest in any contract or tiansaetion enlered Inlg by the charity during the year. Reserve Policy It is the policy ol the Charity that unrestricte(J funds. which have not been designated lor a specific use, should be mainlained at a level equNalent lo its expend11uie. The Tiuslees con51der that ieserves al this level will ensure that, in the event of a significant drop in funding. They will be able lo continue the charills cuireni activities while consideration is given to ways in which additional funds rnay be raised. The Centre will actively work to achieve this leve10l serveS. INDEPENDENT EXAMINER Accoruing lo the provisions of the Charities Act 2008 and updated 2011, the Committee has agreed that and audit is not required lor this financial year Howevei due to provisions of the Same act an independent examiner 15 required and AM Accountancy Services appoinled as exlem81 Accountant or Sndependent Examiner. Paoe5of 12
Transaction and financial position The Staternenl of Finanaal Activitie5 show5 net deficit for the year of £1,035 and our accumulated lund5 Stand al £15,273 In total AM Accouniancy Services carried out an independent exatnination ol the accounis included in the report. This repori, which has been prepared in accordance with the Sl8tem&nt of Recommended Practice ISORPI Accounting and Reporting by Charities issued in 2(K)5 Approved by the trustees and signed on its behall by This reportwas approvecj by the Execulive Commiilee on and signed on their behalf. Muhammed Nazim Uddin ITslee) D81e. Page60112
Accountants, Report To the Trustees or DARLIL ULOOM CHANDBHARANG FOUNDATION FOR THE YEAR ENDED 31 JULY 2024 We report on the 3cGounts for the year ended 31 July 2024 sel out on pages 8 to 12 which have been prepared under the historical cost converTrlion an¢J the aceotjnting policies set out in note 1 to the financial slalements. Rlspeetive l£esponsibilitie5 of Trustees and Accountants A5 described on page 5 the trustee5 are responsible for the i)reparalion of the fiiiancial statemcnts, and they consider thai the trust is exempt from an audit. It 1% our responsibility lo cai.iy out proctdui'es desigjied io enabl¢ us lo iepoit OLII. opinion to you. Basis of Opinion We conducted our woik in ac¢oidance with the Slalemenl of Slandards lor Reporting Accountants. and so our procedures consisted of comparing the atcounts with the acCoun.g records kept by the charily, and making such limited enquiries of the trustees and officers as we considered neTrssary for the purpose ol this report. These procedures provide only the assuiance oxpressed in our opinion. Opinion In our opinion.. lal The accotjnls are in agreErnenl wth the accounting records kept by th8 charity under Ihe requiremenis of ihe Slatemeni ol Recommended Practice- Accounting and Reporting by Charities, Ibl Havin9 fegard only lo, and on the basis of. the Inlortnabon contained in Ihose accounls.. 111 The account5 have been drawn up in a manner consislenl with the accounling reqviretnenis specified the Slalement of Recommended Practice- Accounting and Reporting by Charities. an 121 The charity sats"sfied the condition5 lor the exemption from an audrt ol the accounts for the year specified in the Chaiilies Act 131 This unaud¢ted Accounl we have prepared in accordance with the figure, Inlorrnalion an($ explanation we have received frorn the rnana9ement of Ihe current committee. AM ACCOUNTANCY ERVICES 43 BEN JONSON ROAD LONDON E14SA AM Accountancy Services 43 Ben Jonson Road London El 4SA Tel: 020 7790 6111 Date.. Page7 of12
DARUL ULOOM CHANDBHARANG FOUNDATION Statement of Financial Activities {Income & Expense Statement) FOR THE YEAR ENDED 31 JULY 2024 2024 Total 2023 Notes Unrestricted Restricted Incorning Resources Voluntary income.. HMRC Gift Aid All OlheF General Donations 23,537 23.537 17.664 Total Incomln Resources 23.537 23,537 17,664 Resource5 Expended Dliect Charitable Expenditure Overseas projects Printing. Poslag?. Stationery & Advertisement Tephone. lax and photocopies Rent, Rates and service charges IT I Website Books and Materials Relreshfftents Cleaning Wages and Volunteer expenses Events and activities (Project Costs) 23,3(K) 317 23.300 317 658 450 450 D1cl charitable ex endilure 24.067 24.067 658 Management & Administration Expenses.. Accountancy Travel and promotion Bank ch31ges Insurance Equipmenl expenses Motor expenses Depreciation Sundry Re ement & Administration Ex 400 105 400 105 400 196 54 48 Mana enses.. 505 505 698 Total Resources Ex ended 24,572 24,572 1.356 Net In¢oming Resources I Iresources expended) -1,03S -1.035 16,308 Nel Movemenl funds for the peiiod-. -1.035 -1.035 16,308 Total Funds BroLtght forward 16.308 16.308 Balance at 31 Jul 2024 1 S,273 15,273 16,308 Page80112
DARUL ULOOM CHANDBHARANG FOUNDATION Summary Income and Expenditure Account FOR THE YEAR ENDED 31 JULY 2024 2024 Notes Income Total expenditure Net Surplus (Deficill for the finanaal year 23,537 24,572 -1.035 There were no recognised gains other than those included in the Income and Expenditure Account for cuIFent year. Pageg0112
DARUL ULOOM CHANDBHARANG FOUNDATION Statement of Assets & Liabllities l Balance Sheet) As at 31 July 2024 2024 NOTE Current Assets Cash 81 Bank & in Hand 15,673 15,673 Current Liabilities Amount fallin9 due to one year Accruals 400 NET CURRENT ASSETS I ILIABILITIESI 15,273 TOTAL ASSETS LESS CURRENT LIABILITIES 15,273 FLINDS= Brought Forward 16,308 Exce5s1IDefiat) ol income over expenditure 1.035 Total Funds 1 Jf.273 The financial statetnenls were approved by Ihe Fxeculive Comrnitlee and signed on their behalf.. Muhammed Nazim Uddin ITruslee} Dale.. The Notes on pages 10 10 12 form part ol the financial stalemenls. Page 100112
DARUL ULOOM CHANDBHARANG FOUNDATION FOR THE YEAR ENDED 31 JULY 2024 NOTES TO THE ACCOUNTS 1. ACCOUNT]NG POLICIES a. Basi5 of Accounting Basis of accounting The Financial Slaternenls have been piepaied under the historical cost convenlion, as tnodified by the revaluation ol rtain fixed assels and investments rneasured at market value. The Financial Slalernenls have been prepared in accordance wth the Financial Reporiing Slandard for Smaller Entities leffective January 20151, and the requirements of Accounting and Reporting by Charitie5". Sl8tefftenl of Recommended Piaclice applicable to chaiitie5 preparing their accounts in accordance wlh the FnancIal Reporting Slandard for Smaller Entities leffeclive January 20151 ISORP 20151. b. Grants Revenue 9rants are credited to the Income and Expenditure aG¢ount on a receivable basis c. Donations Donation are recorded on a receipt basis. d. Incoming Resources Voluntary income and donation5 are included in incoming resoureÉs when they are recewable, except when the donors specify that they rnust be used in lulure accounts.ng peiioos or donors, conditions have not been fulfilled, ihen the income 15 deferred. The income from fundraising venlufes 1$ shown gloss. wilh the associated oosls inc]uded in fundraising costs. e. Resources Expended Resourtes eKpgn¢ed are included in Ihe Statement of Financial Ac.livilies on accruals basis, indusive ol any VAT Ih3t cannol be recovered. Expen(Jiture that 15 directly aiiribuiable 10 specific activities has been included in thes& cost C81egories. Where costs are alliibulable lo more than one aclivity. they have been apportioned across the cost categories on a basis collsistenl with the use ol those iesouioes. f. Going Concern Basls The financial statements have been prepared on the going concem basis, as in Ihe opinion ol the trustees. there are no issue5 arising which would suggest any other basis as being tnor appropriate. g. Administration Costs Administration expendituie inclurJes all expenditure not directly lated to the charitable activity. h. Taxatlon As a charity. they are exempl from tax on income and gain5 falling within section 505 of the Taxes Act 1988 01 $258 of the Tax8tion ol Chargeable Gains Act 1992 to the extent that these ale applied lo ils charitable 0"eCIs. No t8x charges have arisen in the Charity. i. Depre¢latlon'. Depreciation is calculated so zs lo write off the cost ol an asset, less ils eslimated residual value. over Ihe useful economic life ol that asset as follows.. Fixlure. Fitting and Equipfnenl". 1S on Redu¢ing Balance metho Page110112
DARUL ULOOM CHANDBHARANG FOUNDATION FOR THE YEAR ENDED 31 JULY 2024 NOTES TO THE ACCOUNTS Net Surplus of the Financial Year The exces5 01 expendrtufe over income is $taled after charging" 2024 Accountants, muneratIon Depreciation 400 Credltors and Acruals Accountancy 400 400 Fundslcapital 2024 Balance al 31 July 2023 16.308 BalaTr al 31 July 2023 16,308 Excess1 Ioefiatl of Incoikne over Expenditure -1,035 Balance at 31 July 2024 15,273 Page 12of 12