Registered Charity Number: 1200792
DAR-UL-SALKEEN UK
REPORT & FINANCIAL STATEMENTS
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023
DAR-UL-SALKEEN UK
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023
| Page | |
|---|---|
| Charity Information | 1 |
| Report of the Trustees | 2-5 |
| Independent Examiners Report | 6 |
| Statement of Finincial Activities | 7 |
| Balance Sheet | 8 |
| Notes to the Financial Statements | 9-13 |
DAR-UL-SALKEEN UK
CHARITY INFORMATION FOR THE YEAR ENDED 31 OCTOBER 2023
Chairman
Mirza Mujeeb Baig
Trustees
Mirza Mujeeb Baig Majid Hussain Rais Irfan Ahmed
Registered charity number
1200792
Principal and registered office
1-B CHARTIST ROAD BIRMINGHAM.B8 1QB
Page 1
DAR-UL-SALKEEN UK
TRUSTEES' REPORT FOR THE YEAR ENDED 31 OCTOBER 2023
The trustees are pleased to present their annual report together with financial statements of the charity for the period ended to 31 October 2023
The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Articles of Association and 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).
Mission and strategic objectives
DAR-UL-SALKEEN UK is a charity which works mainly in UK
To Advance The Islamic Faith For The Benefit Of The Public In The West Midlands In Accordance With The Naqshbandia Owaisiah Principles Of Sufism
Our Volunteers
Currently charity does not have any volutneers
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DAR-UL-SALKEEN UK
TRUSTEES' REPORT ( CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2023
Financial review
The Trustees are pleased with the financial performance of the charity for the period ended to 31 October 2023.
there was no activity in the charity for current financial year
Reserves policy
The management has examined the charity’s requirements for reserves in light of the main risks to the organization and agreed current reserve to be sufficient for foreseeable future requirements.
Growth
To enable the charity to grow, focus on leadership and staff training will be paramount. Increasing the charity’s volunteer donor base will be actively pursued, allowing us to reach a wider network, creating better public awareness of the charity’s work around the world.
Charity will mainly reply on a Tv channel donation comparing which was very successful in the current year.
Growth
To enable the charity to grow, focus on leadership and staff training will be paramount. Increasing the charity’s volunteer donor base will be actively pursued, allowing us to reach a wider network, creating better public awareness of the charity’s work around the world.
Charity will mainly reply on a Tv channel donation comparing which was very successful in the current year.
Page 3
DAR-UL-SALKEEN UK
TRUSTEES' REPORT ( CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2023
Structure, Governance and Management
The Directors of the Charitable Company are its Trustees for the purposes of charity law. The Trustees and Officers serving during the year and since the year end were as follows
Mirza Mujeeb Baig Majid Hussain Rais Irfan Ahmed
The Senior Management Team takes day to day responsibility for operational management of the Charity. During the year the Senior Management Team comprised the following key individuals
Mirza Mujeeb Baig – Chairman
Appointment of trustees
The Board of Trustees consists of local people that collectively have the skills, expertise and experience to ensure that the Charity is managed effectively.
Where a vacancy arises a new trustee is appointed only by the passing of a resolution of the Board of Trustees.
Organization
The Board of Trustees administers the Group. A General Meeting is held every calendar year as an Annual General Meeting - All General Meetings, other than Annual General Meetings, shall be called Extraordinary General Meetings.
The Board may call whenever they think fit to convene an Extraordinary Meeting.
The Board of Trustees includes a range of individuals with the appropriate knowledge and experience, external advisors may be engaged, be they paid or voluntary, where the Board deem it necessary to support them in their role.
Senior Management Team are appointed by the Trustees to manage the day-to-day operations of the Charity.
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DAR-UL-SALKEEN UK
TRUSTEES' REPORT ( CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2023
Related parties and co-operation with other organizations
None of our Trustees receive remuneration or other benefit from their work with the Group. Any connection between a Trustee and member of the Senior Management Team, a supplier, funder, supporter, organization working collaboratively with or beneficiary of the Group must be disclosed to the Board of Trustees in the same way as any other contractual relationship with a related party, trustees are not aware of any such connection between during the year in question.
Risk Management
Trustees are very aware of the risks involved in working abroad and take measures to ensure project delivery arrives on time, as described in the project proposals and to the correct end beneficiaries.
-
Reviews are made of the risks operating abroad.
-
Feedback reports inclusive of Written, Video and photo documentation is required for every project the charity undertake
-
We closely monitor conditions within the beneficiary countries, only delivering funding through the banking system with receipts and accounts issued
-
Internally risks are controlled with procedures put in place to control, all transactions handling of cash and cheques and data protection and compliance with Health & Safety of staff and volunteers, clients and visitors to the shops and offices.
-
Procedures are periodically reviewed to ensure they meet with the charity needs.
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DAR-UL-SALKEEN UK
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 OCTOBER 2023
| Notes Income Donations Donations and grants 3 Income from charitable activities Other income 3 Total income Expenditure Expenditure on raising funds 4 Expenditure on charitable activities 4 Total expenditure Net income before taxation Taxation (charge)/ credit 5 Net movement in funds Total funds carried forward at 31 August 2023 Total funds brought forward at 31 August 2023 |
Unrestrcited 2023 Funds Total 0 0 - - |
|---|---|
| 0 0 |
|
| - - - - |
|
| - - |
|
| - - |
|
| - - |
|
| - - |
|
| - | |
| - - |
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DAR-UL-SALKEEN UK
BALANCE SHEET AS AT 31October 2023
| FIXED ASSETS Notes Tangible assets 6 CURRENT ASSETS Debtors Cash at bank and in hand CREDITORS Amounts falling due within one year 7 NET CURRENT ASSETS/(LIABILITIES) Reserves Unrestricted Funds |
2023 £ - 0 |
|---|---|
| 0 0 |
|
| 0 | |
| 0 |
The financial statements were approved by the board on
………………......... and signed on their behalf by:
Mirza Mujeeb Baig Trustee
Page 7
DAR-UL-SALKEEN UK
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023
1. Accounting policies
The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows
Company information
The charity is registered in England and Wales with the Charity Commission. The registered office is 1-B . Chartist Road. Birmingham.B8 1QB
1.1 Accounting convention
The financial statements have been prepared on a going concern basis 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 (FRS102) (effective 1 April 2021) ("Charities SORP (FRS102)"), the Financial Reporting Standard applicable in the UK (FRS 102), the Companies Act 2006 and the Charities Act 2011
DAR-UL-SALKEEN UK meets the definition of a public benefit entity under FRS 102
Assets and liabilities are initially recognised at cost or transaction value unless otherwise stated in the relevant accounting policy notes
On the grounds that the charity comes under the definition of small charities the charitable company has taken advantage of certain exemptions conferred by section 1.11 of FRS102 as follows
Exemption from disclosing the carrying amounts of each category of financial assets and financial liabilities at the reporting date as required by section 11.41 of FRS 102.
Exemption from presenting a charitable company statement of cash flows as a primary statement to the financial statements
1.2 Going concern
The Trustees have at the time of approving the financial statements a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. In addition, the Trustees have no intention to wind the company up in the foreseeable future. It is considered that there are currently no material uncertainties which impact on the charity being able to continue in its current form. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements
1.3 Income
Income is recognised when the charity has entitlement to the funds, any performance conditions attaching to the item(s) have been met, it is probable that the income will be received and the amount can be measured reliably. Income from grants is recognised when the charity has entitlement to the funds, any performance conditions have been met, it is probable that the income will be received and the amount can be measured reliably. Where grant income has been received, but the charity has not matched the conditions to become entitled to the income, an income deferral is made
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DAR-UL-SALKEEN UK
NOTES TO THE FINANCIAL STATEMENTS AS AT 31October 2023
1.4 Fund accounting
Unrestricted funds are funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for a particular purpose. Trustees have not classified any funds received as restricted till now
1.5 Expenditure
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been apportioned on a basis consistent with the use of the resources
The cost of raising funds includes fundraising event costs, direct campaigns, general information and public relation costs and their associated support costs
Expenditure on charitable activities relates to grants awarded and associated support costs Irrecoverable VAT is charged as a cost against the activity for which expenditure was incurred
Allocation of support costs
Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include administration, finance, human resources, information systems and governance costs which support the services provided to beneficiaries
These costs have been allocated between the costs of raising funds and expenditure on charitable activities on the basis set out in note 4
1.6 Tangible fixed assets
It is a policy of the trustees that individual items with a cost below £300 are not capitalised. Depreciation is provided at the following rates and bases to write off the cost of tangible fixed assets over their estimated useful lives by annual instalments, with a full year’s charge in the acquisition year and no charge in the year of disposal:
Depreciation is chaged @ 20% reducing balance on Computer and equipment
1.7 Cash at bank and in hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity held for working capital. Bank overdrafts are shown within borrowing in current liabilities
1.8 Taxation
DAR-UL-SALKEEN UK is a registered charity and as such is a charity within the meaning of schedule 6 of the Finance Act 2010. Accordingly, the Charity is potentially entitled to tax exemption under part 11 of the Corporation Tax Act 2010 or section 256 of the Taxation of Chargeable Gains Act 1992 in respect of income and gains arising
Page 9
DAR-UL-SALKEEN UK
NOTES TO THE FINANCIAL STATEMENTS AS AT 31October 2023
2. Allocation of support costs
Support costs are allocated between the various activities of the charity based on an estimate by management of time spent by employees on each activity. Some employees have roles which support more than one activity. The allocation of these costs are considered to be critical to the accounts because they have the ability to materially alter the allocation of costs between expenditure on raising funds and expenditure on charitable activities
| 3. Income Donations & Non -Performance Grants Donations Received Other Income 4 Expenditure on raising funds: Fundraising Costs Shops - Retail 4 Expenditure on charitable activities: Health , Education, Skill development Widows . Orphan support Emergency and natural disaster Total expenditure |
Unrestricted Income - - - Direct Allocated Costs Costs £ - |
Total 2023 - - |
|---|---|---|
| - | ||
| Total 2023 £ - |
||
| - - |
- | |
| Direct Cost Allocated cost |
Total 2023 - - - |
|
| - - |
- | |
| - - |
- |
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DAR-UL-SALKEEN UK
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023
Support Cost
Support costs in the current year have been allocated based on an estimate, by management, employment costs are based on time spent by employees contributing to each activity. Support costs have been allocated as follows
| Donations campaign Health, Education, Skill development Widows . Orphan support Emergency and natural disasters |
Employment Premises Administration Total costs costs costs 2023 £ £ £ £ - - - - 0 0 0 |
|---|---|
| 0 0 0 0 |
5 TAXATION
The charitable activities of DAR-UL-SALKEEN UK are exempt from taxation under Chapter 3 of part 11 of the Corporation Tax Act 2010.
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DAR-UL-SALKEEN UK
NOTES TO THE FINANCIAL STATEMENTS - continued AS AT 31October 2023
6 TANGIBLE FIXED ASSETS
| Computer Motor Vehicle Equipment Cost b/f - Additions - - - Depriciation Depreciation b/f Charge for the year - - NET BOOK VALUE 31/10/2023 - - 31/10/2022 - - 7 CREDITORS: AMOUNTS FALLING DUE AFTER ONE YEAR Trade Creditors other Creditors Taxes & Social Security |
Motor Vehicle - - |
2023 £ |
Total - |
|---|---|---|---|
| - | - | ||
| - - |
|||
| - | - | ||
| - | - | ||
| - | - | ||
| - |
8 Post Balance Sheet Events
There are no post balance sheet events to report
10.�Related party transactions
There was no related party transaction to report in 2023
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DAR-UL-SALKEEN UK
PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 OCTOBER 2023
| Profit/Loss Account Donations Received Other income Sub Total Expenses Donations Given Rent Legal & Professional Bank charges Sub Total |
2023 0 0 |
|
|---|---|---|
| 0 | ||
| - - - - |
||
| 0 | ||
| 0 |
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