REGISTERED CHARITY NUMBER: 1204289
Report of the Trustees and
Unaudited Financial Statements for the Period 6 April 2023 to 31 March 2024
for
Taybah Charitable Trust
M Ahmed & Co Chartered Accountants 83 Park Road Chilwell Nottingham NG9 4DE
Contents of the Financial Statements for the Period 6 April 2023 to 31 March 2024
Taybah Charitable Trust
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Balance Sheet | 6 | ||
| Notes to the Financial Statements | 7 | to | 10 |
| Detailed Statement of Financial Activities | 11 |
Report of the Trustees for the Period 6 April 2023 to 31 March 2024
Taybah Charitable Trust
The trustees present their report with the financial statements of the charity for the period 6 April 2023 to 31 March 2024. The trustees have adopted the provisions of 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 2019).
OBJECTIVES AND ACTIVITIES Objectives and aims
The objectives of the Charity are:
To advance the Islamic faith in accordance with Taybah Charitable Trust Statement of Faith throughout Nottinghamshire for the benefit of the public, mainly but not exclusively, through the holding of services and meetings, raising awareness of religious beliefs and practices, religious education, celebrating religious festivals, conducting religious ceremonies and providing outreach and pastoral care in the community.
To promote social inclusion for the public benefit by preventing people from becoming socially excluded, relieving the needs of those people who are socially excluded and assisting them to integrate into society.
To advance in life and help young people through:
A) The provision of recreational and leisure time activities provided in the interest of social welfare, designed to improve their conditions of life.
B) Providing support and activities which develop their skills, capacities and capabilities to enable them to participate in society as mature and responsible adults.
Significant activities
The main activity this year was the continued refurbishment and development of the property so that it can be used for the charitable objectives.
FINANCIAL REVIEW
Financial position
£100,533 was donated by the trustees and local community for refurbishment, development and operational activities. Operating expenses amounted to £5,514 and £84,428 was spent capital improvements to the buildings. The charity would like to thank all its members and supporters for their work and generosity.
Principal funding sources
In the absence of investment income or other regular income stream, the charity is entirely dependent on the generosity and donations from members, attendees to the centre and the local community.
Reserves policy
The management committee is aware, and has a policy, that unrestricted funds held by the charity and not committed or invested in tangible fixed assets should be between three and six months of expenditure.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust dated 1 June 2021 as amended by a deed dated 21 July 2023 and constitutes an unincorporated charity.
Page 1
Taybah Charitable Trust
Report of the Trustees for the Period 6 April 2023 to 31 March 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
Recruitment and appointment of new trustees
Applications for trusteeship and membership of the management committee are sought by personal solicitation. New trustees are appointed for a term of 2 years by a resolution of the trustees passed at a special meeting. Management committee members are appointed for a period of 2 years. Trustees and management committee members may be re-elected for further periods.
Organisational structure
The management of the charity is vested in a management committee consisting of a Chairman, Secretary, Treasurer and other individuals appointed by the Governing Council (all of the trustees). The management committee meets at least four times per year and deals with all operational and development matters.
The Chairperson has overall control on all the final decisions after liaising with, and agreement from, all trustees. The Chairperson will use their authority on any issues that are unable to be agreed.
There have been no changes in the objects and policies during the year.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1204289
Principal address
12 Victory Road Beeston Nottingham NG9 1LH
Trustees
Dr S Badaoui Mr A Abdi Mr K Karfa Mr L Zaabar Dr C Guendouz
Independent Examiner
Maqbool Ahmed M Ahmed & Co Chartered Accountants 83 Park Road Chilwell Nottingham NG9 4DE
Page 2
Report of the Trustees for the Period 6 April 2023 to 31 March 2024
Taybah Charitable Trust
Approved by order of the board of trustees on 18 December 2024 and signed on its behalf by:
Dr S Badaoui - Trustee
Page 3
Independent Examiner's Report to the Trustees of Taybah Charitable Trust
Independent examiner's report to the trustees of Taybah Charitable Trust
I report to the charity trustees on my examination of the accounts of Taybah Charitable Trust (the Trust) for the period 6 April 2023 to 31 March 2024.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Maqbool Ahmed
The Institute of Chartered Accountants in England and Wales
M Ahmed & Co Chartered Accountants 83 Park Road Chilwell Nottingham NG9 4DE
18 December 2024
Page 4
Taybah Charitable Trust
Statement of Financial Activities for the Period 6 April 2023 to 31 March 2024
| Period | |||
|---|---|---|---|
| 6.4.23 | |||
| to | Year Ended | ||
| 31.3.24 | 5.4.23 | ||
| Unrestricted | |||
| fund | Total funds | ||
| Notes | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies | 100,533 | 302,890 | |
| EXPENDITURE ON | |||
| Charitable activities | |||
| Charitable activities expenses | 5,514 | 1,133 | |
| NET INCOME | 95,019 | 301,757 | |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 313,857 | 12,100 | |
| TOTAL FUNDS CARRIED FORWARD | 408,876 | 313,857 |
The notes form part of these financial statements
Page 5
Taybah Charitable Trust
Balance Sheet 31 March 2024
| 31.3.24 | 5.4.23 | |||
|---|---|---|---|---|
| Unrestricted | ||||
| fund | Total funds | |||
| Notes | £ | £ | ||
| FIXED ASSETS | ||||
| Tangible assets | 4 | 356,537 | 272,109 | |
| CURRENT ASSETS | ||||
| Cash at bank | 52,339 | 41,748 | ||
| NET CURRENT ASSETS | 52,339 | 41,748 | ||
| TOTAL ASSETS LESS CURRENT | ||||
| LIABILITIES | 408,876 | 313,857 | ||
| NET ASSETS | 408,876 | 313,857 | ||
| FUNDS | 5 | |||
| Unrestricted funds | 408,876 | 313,857 | ||
| TOTAL FUNDS | 408,876 | 313,857 |
The financial statements were approved by the Board of Trustees and authorised for issue on 18 December 2024 and were signed on its behalf by:
Dr S Badaoui - Trustee
The notes form part of these financial statements
Page 6
Notes to the Financial Statements for the Period 6 April 2023 to 31 March 2024
Taybah Charitable Trust
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been 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 the income will be received and the amount can be measured reliably.
Expenditure
Liabilities 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 is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Taxation
The charity is exempt from tax on its charitable 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 purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the period ended 31 March 2024 nor for the year ended 5 April 2023.
Trustees' expenses
There were no trustees' expenses paid for the period ended 31 March 2024 nor for the year ended 5 April 2023.
continued...
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Taybah Charitable Trust
Notes to the Financial Statements - continued for the Period 6 April 2023 to 31 March 2024
| 3. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | |
|---|---|---|
| Unrestricted | ||
| fund | ||
| £ | ||
| INCOME AND ENDOWMENTS FROM | ||
| Donations and legacies | 302,890 | |
| EXPENDITURE ON | ||
| Charitable activities | ||
| Charitable activities expenses | 1,133 | |
| NET INCOME | 301,757 | |
| RECONCILIATION OF FUNDS | ||
| Total funds brought forward | 12,100 | |
| TOTAL FUNDS CARRIED FORWARD | 313,857 | |
| 4. | TANGIBLE FIXED ASSETS | |
| Freehold | ||
| property | ||
| £ | ||
| COST | ||
| At 6 April 2023 | 272,109 | |
| Additions | 84,428 | |
| At 31 March 2024 | 356,537 | |
| NET BOOK VALUE | ||
| At 31 March 2024 | 356,537 | |
| At 5 April 2023 | 272,109 |
continued...
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Taybah Charitable Trust
Notes to the Financial Statements - continued for the Period 6 April 2023 to 31 March 2024
5. MOVEMENT IN FUNDS
| MOVEMENT IN FUNDS | ||||
|---|---|---|---|---|
| Net | ||||
| movement | ||||
| At 6.4.23 | in funds | At 31.3.24 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 313,857 | 95,019 | 408,876 | |
| TOTAL FUNDS | 313,857 | 95,019 | 408,876 | |
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 100,533 | (5,514) | 95,019 | |
| TOTAL FUNDS | 100,533 | (5,514) | 95,019 |
Comparatives for movement in funds
| Net | |||
|---|---|---|---|
| movement | |||
| At 6.4.22 | in funds | At 5.4.23 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 12,100 | 301,757 | 313,857 |
| TOTAL FUNDS | 12,100 | 301,757 | 313,857 |
| Comparative net movement in funds, included | in the above are as follows: | ||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 302,890 | (1,133) | 301,757 |
| TOTAL FUNDS | 302,890 | (1,133) | 301,757 |
continued...
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Taybah Charitable Trust
Notes to the Financial Statements - continued for the Period 6 April 2023 to 31 March 2024
6. RELATED PARTY DISCLOSURES
There were no related party transactions for the period ended 31 March 2024.
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Taybah Charitable Trust
Detailed Statement of Financial Activities for the Period 6 April 2023 to 31 March 2024
| INCOME AND ENDOWMENTS Donations and legacies Donations Total incoming resources EXPENDITURE Charitable activities Rates and water Light and heat Postage and stationery Sundries Events expenses IT and website Total resources expended Net income |
Period 6.4.23 to Year Ended 31.3.24 5.4.23 £ £ 100,533 302,890 100,533 302,890 2,072 - 3,081 - 134 - 32 - 144 1,133 51 - 5,514 1,133 5,514 1,133 95,019 301,757 |
Period 6.4.23 to Year Ended 31.3.24 5.4.23 £ £ 100,533 302,890 100,533 302,890 2,072 - 3,081 - 134 - 32 - 144 1,133 51 - 5,514 1,133 5,514 1,133 95,019 301,757 |
|---|---|---|
| 302,890 - - - - 1,133 - |
||
| 1,133 | ||
| 1,133 | ||
| 301,757 |
This page does not form part of the statutory financial statements
Page 11