REPORT OF THE TRUSTEES AND UNA ITED FINANCIAL STATEMENT FOR THE YEAR ENDED 31 AUGUST 2023 FOR AL-BARAKA WELFARE TRUST INTERNATIONAL A COMPANY LIMITED BY GUARANTEE ••
BARA FAR TR ST INTERNATI NDE Page Report of the Trustees ststement of Flnanelal Artlvltl Balance Sheet Notes to the Flnanclal Statements 4 to 8 Detslled Statement of FlnanclAI Artlvltles
L.BARAKA WEL ARE TR ST TERNATI REPORT OF THE TRUSTEES ENDED The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 August 2023. The trustees have adopted the provisions of Accounting and Reportin8 by Charities: Statement of Recommended Prnctice applicable to charities preparin8 their accounts in accordance with the Financial Rcportin8 Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019). REFERENCE AND ADMINISTRATIVE DETAILS Reglstered Company number: 12830044 (England and Wales) Reglstered Charlty number: 1200308 Regtstered office: 1174 Stratford Road, Hall Gree Birniingham, B28 8AQ Trujteeg Q M Farhan Consultant A Mahmood Busincssman Mrs A Shaheen Administrator STRUCTURE. GOVERNANCE AND MANAGEMENT Governlng document The charity is controlled by its governing documen( a deed of trus( and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2(X)6. Approved by order of the Ix)ard of trnstees on 28 May 2024 and signed on its behalf by: Q M Farhan - Trustee Page I
BAR WELFARE TR NAL TA AN Tl 3118123 Total fund8 3118122 Total fund• Unrestrlcted Restrlcted funds fund Notes INCOME AND ENDOWMENTS FROM Charltable acdvldes Food Project Water Project General Donations Qurbani Zakat Sadaqah Medical Masjid Construction 17,677 250 17,677 250 72,201 3,655 iJoo 10,810 10,820 20.876 4,370 6,700 1.426 71201 3,655 1,21)0 520 520 Total 25 EXPENDITURE ON Charltable actlvltl Food Project Water Project General Donations Qurbani Zakat Sadaqah Medical Masjid Construction 18,466 5.250 18,466 5.250 13,970 5,000 6,100 1.426 6,774 7.425 9,4(X) 5,800 3,269 2,900 13,970 1,426 774 7.425 2.500 2.5(X) Other 600 Total 122 766 NET INCOMFJ(EXPENDITURE) 2,076 (27J27) (25351) 44,963 RECONCILIATION OF FUNDS Total funds brought forward 1&132 27,956 1,125 TOTAL FUNDS CARRIED FORWARD 629 The notes forn] part of these fmancial statements Page 2
BARAKA WELFARE TR T INTERN TIONAL AL NCE HEE 3118123 Total fundg 3118122 Total fundi Unrestrlrted Restrlrted funds fund Notes FIXED ASSETS Tangiblc asscts 6,176 6,176 CURRENT ASSETS Cash at bank and in hand 14,082 1,746 IS828 46,988 CREDrroRS Amounts falling due within one year (50) (1,117) (1,167) (900) NET CURRENT ASSETS 629 TOTAL ASSETS LESS CURRENT LIABILITIES 20208 629 20,837 46,088 P4ET ASSETS 629 Unrestricted funds Restricted funds 20,208 629 18,132 TOTAL FUNDS The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023. The members have not required the company to obtsin an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companics Act 2006. The trustees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2(K16 and (b) preparing fmancial ststemcnts which give a true and fair view of the stste of affairs of the charitable company as at the end of each fmancial year and of its surplus or deficit for each fAnancial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2(X)6 relatin8 to financial ststements, so far as applAcable to the charitable company. These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companics regime. The financial statements were approved by the Board of Tnte¢S and authorised for issue on 28 May 2024 and were signed on its behalf by: Q M Farhan . Trustee The notes forni part of these financial ststements Page 3
LFA INTERN NO O THE FINAN IAL STATEMENTS ACCOUNTING POLICIES BASIS OF PREPARING THE FtNANCIAL STATEMENrs The financial ststements of the charitable company. which is a public benefit entity under FRS 102, have been prq)ared in accordance with the chariti SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Rccommendcd Practice applicable to charities prq)aring their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effcctive l January 2019),, Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 26. The financial statements have Ixen prepared under the historical cost Convention. INCOME All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds it is probable that thc income will be rcccivcd and the amount can bc measured reliably. EXPENDITURE Liabilitles are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure AS accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the ca*gory. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure. TANGIBLE FIXED ASSETS Deprrfiation is provided at the following annual rat in order to write off each asset over its estimated useful life. TAXATION The charity is exempt from COrratiOn tax on its charitsble activities. FUND ACCOUNTING Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted pur5¢S. Further explanation of the nature and purpose of each fund is included in the notes to the fmancial ststements. HIRE PURCHASE AND LEASING COMMITMENTS Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease. Page 4 continued...
BARAKA WELFARE TRUST INTERNATI NAL OTES TO THE FINANCIAL STATE ED EN ntlnu NET INCOMEI(EXPENDITURE) Net incomeJ(expenditure) is stated after chargIng/(CrlI]ng). 3118123 3118122 Depreciation - owned assets Other operating leases TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 August 2023 nor for the year ended 31 August 2022. TRUSTEES, EXPENSES There were no trustees, expenses paid for the year ended 31 Au8USt2023 nor for the year ended 31 August 2022. COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcfiviTIES Unrestrlrted funds Restrficted fund TotAI funds INCOME AND ENDOWMENTS FROM Charltable acdvltlej Food Project Water Project General Donations Qurbani 10.810 10,820 10,810 10,820 20,876 4,370 6,700 1,426 20.876 4,370 6.700 1.426 9,OlX) Sad4ah Medical Masjid Construction Total EXPENDITURE ON Charltable actlvld F(x)d Project Water Project General Donations Qurbani Medical Masjid Construction 9,4(X) 5,8(K) 5,81N) 3,269 3,269 2,91X) 2,5(M) 2.5(X) 2,5(K) 2,5(Kl Other 600 600 Total NET INCOME 17.007 27,956 44,963 RECONCILIATION OF FUNDS Total funds brought forward 1.125 1.125 Pagc 5 continued...
BAR WELF RE ST IrE TION TE INAN IA TA MEN COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES- contlnued Unrestrleted Restrlcted funds fund Total funds TOTAL FUNDS CARRIED FORWARD TANGIBLE FIXED ASSETS Flxtu and flttlngj COST Additions DEPRECIATION Charge for year NET BOOK VALUE At 31 August 2023 At 31 August 2022 cREDORS. AMouNfs FALLING DUE wmIiN ONE YEAR 31rn123 3118122 Social security and other taxes Nct wages Accrued expenses 33 50 900 MOVEMENT IN FUNDS Net movement In funds At 3118123 At 119122 Unrestrlcted funds Unrestricted 18,132 2,076 20,208 Restrleted fundg Restricted 27,956 (27J27) 629 TOTAL FUNDS 25 251) Page 6 continued...
ETR T INTERNATIO THE FINAN ED AL TATEME - eonthiu MOVEMENT IN FUNDS - contlnued Net movement in fund& included in the above are as follows: IDcomln8 resourc Resources expended Movement In funds Unrestrlcted funds Unrcstrictcd 72301 (70,125) 2,076 Regtrkted funds Restricted 25J14 (52.641) (27J27) TOTAL FUNDS 97 25 IS LL51) Comparatfves for movement In funds Net movement In funds At 3118122 At 119121 Unrestrlcted funds Unrestricted 1.125 17.(X)7 18,132 Restrlcted funds RtrIcted 27,956 27,956 TOTAL FUNDS Comparative net movement in funds, included in the above are as follows: Incomlng resources Resources expended Movement In funds Unrestrlrted funds Unrestricted 20,876 (3.869) 17,(X)7 Regtrlcted funds Restricted 51.056 (23.100) 27.956 TOTAL FUNDS Page 7 continued...
BARA THE FINAN IA STATEME MOVEMENf IN FUNDS- eondnued A current year 12 months and prior year 12 months combined position is as follows: Net movement In funds At 3118123 At 119121 Unrestrlcted fundg Unrestricted 1,125 19,083 20,208 Restrlcted funds Restricted 629 629 TOTAL FUNDS A current year 12 months and prior year 12 months combined net movement in fU$s. included in the above are as follows: IncomlDg resourc Resourc expended Movement In funds Unrestrleted funds Unrestricted 93,077 (73,994) 19,083 Restrlcted fundg Restricted 76,370 (75.741) 629 TOTAL FUNDS 149 735) RELATED PARTY DISCLOSURES There were no related party trnnsactions for the year endcd 31 August 2023. Page 8
AbBARAKA WELFARE TR T INTERN TI DETAILED STATEMENT OF FINAN IAL AC 3118123 3118122 INCOME AND ENDOWMENTS ChArltAble actlvldes Donations Total Ineomln% resources 97J15 71,932 EXPENDITURE Charltable actfvlde8 Charitable Activities 24,725 10,6(K) Other Wages 2,200 Support eosts Management Rent Light and heat Telephone Advertising Travelling 42,135 1,000 1,153 29,116 770 170 12,5(X) 74,174 12,670 FlnAnce Bank charges Motor vehicles 317 InformAtlon technology Repairs and renewals 300 Human resourc Sothvare liccnces Management fee Consultancy 450 3,930 18,060 3.000 Governance costs Accountancy and legal fees 600 Total resources expended 122 766 Net (expendlture)Ancome 25 251) This page does not forn) part of the statutory fmancial statements Page 9