2024-12-31-accounts - Darul Amaan Trust

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DARUL AMAAN TRUST

Charity No. 275579

Trustee's Report and Unaudited Accounts

31 December 2024

DARUL AMAAN TRUST Contents

	Pages
Trustee's Annual Report	02 to 04
Independent Examiner's Report	05 to 05
Statement of Financial Activities	06 to 06
Balance Sheet	07 to 07
Notes to the Accounts	08 to 14

Page 1

DARUL AMAAN TRUST Trustees Annual Report

The trustee presents their report with the unaudited financial statements of the charity for the year ended 31 December 2024.

REFERENCE AND ADMINISTRATIVE DETAILS

Charity No. 275579

Principal Office

54 Merton High Street South Wimbledon London SW19 1DH

Key Management Personnel

Key Management Personnel
Chair	Nasir Ali Shah
Secretary	Mohammed Jillur Rahman
Treasurer	Md Enayet Kabir
Member and Trustee	Mohammad Abdus Subhan
Member and Trustee	Kamran Huda
Member and Trustee	Md Rafiqul Haider
Member and Trustee	Shepul Khan
Member and Trustee	Shamim Ahmed
Member	Abdul Ahad Haque
Member	Aminur Rashid Salim
Member	Abdul Bari Kalam
Member	Shafiqul Miah
Member	Muzammil Ali
Member	Abdul Bari
Member	Zakaria Rahman
Member	Mohammed Sahid Rahman
Member	Numan Ahmed
Member	Amzad Hussain Sunny
Member	Riazul Islam
Member	Litu Khan
Member	Kazi Anwar
Member	Moshi Yahia Shamsher
Member	Kamal Uddin
Member	Ruhen Uddin
Member	Modoris Ali Sikdar
Member	Rassel Khan
Member	Md Azizul Hoque

Accountants

MSCO Chartered Accountants Suda House 100 Mile End Road Stepny Green

Page 2

DARUL AMAAN TRUST Trustees Annual Report

London E1 4UN

Bankers

Lloyds Bank Plc 186 Streatham High Road

London SW16 1BE

OBJECTIVES AND ACTIVITIES

The trust's objects are to promote the faith of Islam and Islamic charitable institutions and to relieve poverty. The policies adopted in furtherance of these objects are the running of a mosque in south London and there has been no change in these during the year.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the trust should undertake.

ACHIEVEMENTS AND PERFORMANCE

Details of the development, activities and achievements of the trust during the year are set out in the separate annual report. The trustees continued an appeal during the year for funds to finance the construction of a new mosque building adjacent to the existing mosque.

FINANCIAL REVIEW

There was a surplus for the year on unrestricted funds as shown in the attached accounts. Significant funds surplus to normal requirements will be put towards the costs of the new mosque building. The trustees consider the financial position to be satisfactory.

It is the policy of the trust that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees considers that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the trust’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been exceeded throughout the year as funds for the new mosque construction are built up.

STRUCTURE, GOVERNANCE AND MANAGEMENT

The trust was established by a charitable trust deed on 3 March 1978.

The trustees who served during the year and up to the date of signature of the financial statements were :

Mohammad Abdus Subhan

Kamran Huda

Md Rafiqul Haider

Shepul Khan Shamim Ahmed

Page 3

DARUL AMAAN TRUST Trustees Annual Report

The trustee is responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to 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 Trust deed. The Trustee is also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

Signed

Mohammad Abdus Subhan Trustee 5 November 2025

Page 4

DARUL AMAAN TRUST Independent Examiners Report

Independent Examiner's Report to the trustee of DARUL AMAAN TRUST

I report to the trustees on my examination of the financial statements of DARUL AMAAN TRUST for the year ended 31 December 2024.

Responsibilities and basis of report

As the charity's trustee you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the 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 can 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:

the accounting records were not kept in respect of the charity as required by section 130 of the Act; or
the financial statements do not accord with those records; or
the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements 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 financial statements to be reached.

MSCO Chartered Accountants Suda House 100 Mile End Road Stepny Green London E1 4UN 5 November 2025

Page 5

DARUL AMAAN TRUST Statement of Financial Activities

for the year ended 31 December 2024

Unrestricted funds	Restricted funds	Total funds	Total funds
2024	2024	2024	2023
£	£	£	£

166,130	13,180	179,310	202,303
543	-	543	5,725
24,600	-	24,600	24,600
7,662	-	7,662	7,024
198,935	13,180	212,115	239,652

1,623	-	1,623	6,805
68,707	-	68,707	64,321
70,330	-	70,330	71,126
-	-	-	-
128,605	13,180	141,785	168,526
-	-	-	-
128,605	13,180	141,785	168,526

128,605	13,180	141,785	168,526

1,736,349	824,775	2,561,124	2,392,598
1,864,954	837,955	2,702,909	2,561,124

Page 6

DARUL AMAAN TRUST Balance Sheet

at 31 December 2024

Charity No. 275579 Fixed assets Tangible assets 11 Investments 12 Current assets Debtors 13 Cash at bank and in hand Creditors:Amount falling due within one year 14 Net current assets Total assets less current liabilities Net assets excluding pension asset or liability Total net assets The funds of the charity Restricted funds 15 Restricted income funds Unrestricted funds 15 General funds Reserves 15 Revaluation reserve Total funds	2024 £ 2,087,190 550,000 2,637,190 3,600 70,784 74,384 (8,665) 65,719 2,702,909 2,702,909 2,702,909 837,955 837,955 1,364,016 1,364,016 500,938 500,938 2,702,909	2023 £ 1,980,714 550,000
		2,530,714 - 37,242
		37,242 (6,832)
		30,410 2,561,124
		2,561,124
		2,561,124
		824,775
		824,775 1,235,411
		1,235,411 500,938
		500,938
		2,561,124

Approved by the trustees on 5 November 2025

And signed on their behalf by:

Mohammed Abdus Subhan Trustee

5 November 2025

Page 7

DARUL AMAAN TRUST Notes to the Accounts

for the year ended 31 December 2024

1 Accounting policies

Basis of preparation

The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.
Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.

Income

Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA.
Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income.
Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.
Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets

Page 8

DARUL AMAAN TRUST Notes to the Accounts

Expenditure

Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
Other expenditure These are support costs not allocated to a particular activity.

Taxation

The charity is exempt from tax on its charitable activities.

Freehold investment property

Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.

Stocks

Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Page 9

DARUL AMAAN TRUST Notes to the Accounts

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period.

Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.

All exchange differences are are taken into account in arriving at net income/expenditure.

Leased assets

Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.

Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

Pension costs

The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the charity pays fixed contributions into a separate entity. Once the contributions have been paid the charity has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the charity in independently administered funds.

Receipt of donated goods, facilities and services

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.

Page 10

DARUL AMAAN TRUST

Notes to the Accounts

2 Statement of Financial Activities - prior year

Income and endowments from: Donations and legacies Charitable activities Investments Other Total Expenditure on: Charitable activities Other Total Net income Net income before other gains/(losses) Other gains and losses: Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward 3 Income from donations and legacies Building Fund Donations and gifts Donations and legacies 4 Income from charitable activities Bangladesh Appeal	Unrestricted £ - 1,245 164,885 166,130	Unrestricted funds 2023 £ 153,970 5,725 24,600 7,024 191,319 6,805 60,847 67,652 123,667 123,667 123,667 1,612,682 1,736,349 Restricted £ 13,180 - - 13,180 Unrestricted £ 543 543	Restricted funds 2023 £ 48,333 - - - 48,333 - 3,474 3,474 44,859 44,859 44,859 779,916 824,775 Total 2024 £ 13,180 1,245 164,885 179,310 Total 2024 £ 543 543	Total funds 2023 £ 202,303 5,725 24,600 7,024
				239,652 6,805 64,321
				71,126
				168,526
				168,526
				168,526 2,392,598
				2,561,124
				Total 2023 £ 48,333 1,510 152,460
				202,303
				Total 2023 £ 5,725
				5,725

Page 11

DARUL AMAAN TRUST Notes to the Accounts

5 Income from investments

Unrestricted £ 24,600 24,600 Unrestricted £ 7,662 7,662	Total 2024 £ 24,600 24,600 Total 2024 £ 7,662 7,662	Total 2023 £ 24,600
		24,600
		Total 2023 £ 7,024
		7,024

Unrestricted £ 543 1,080 1,623 Unrestricted £ 41,528 550 9,341 6,112 11,176 - 68,707 2024 £ 6,112	Total 2024 £ 543 1,080 1,623 Total 2024 £ 41,528 550 9,341 6,112 11,176 - 68,707	Total 2023 £ 5,725 1,080
		6,805
		Total 2023 £ 37,865 342 14,081 6,163 2,870 3,000
		64,321
		2023 £ 6,163

Page 12

DARUL AMAAN TRUST Notes to the Accounts

10 Staff costs Salaries and wages No employee received emoluments in excess of £60,000. 11 Tangible fixed assets Cost or revaluation At 1 January 2024 Additions At 31 December 2024 Depreciation and impairment At 1 January 2024 Depreciation charge for the year At 31 December 2024 Net book values At 31 December 2024 At 31 December 2023 12 Investments Cost or revaluation At 1 January 2024 At 31 December 2024 Net book values At 31 December 2024 At 31 December 2023 13 Debtors Trade debtors 14 Creditors: Amounts falling due within one year Other taxes and social security Other creditors Accruals	2024 41,528 41,528 £ 2,097,719 112,588 2,210,307 118,053 5,902 123,955 2,086,352 1,979,666 2024 £ 3,600 3,600 2024 £ 1,024 760	£ 20,600 - 20,600 19,552 210 19,762 838 1,048 Freehold Investment Property £ 550,000 550,000 550,000 550,000	2023 37,865
			37,865
			£ 2,118,319 112,588
			2,230,907
			137,605 6,112
			143,717
			2,087,190
			1,980,714
			Total £ 550,000
			550,000
			550,000
			550,000
			2023 £ -
			-
			2023 £ 687 760
	6,881		5,385
	8,665		6,832

Page 13

DARUL AMAAN TRUST Notes to the Accounts

15 Movement in funds

At 1 January 2024 824,775 824,775 1,235,411	Incoming resources (including other gains/losses ) £ 13,180 13,180 198,935	Resources expended £ - - (70,330)	At 31 December 2024 £ 837,955
			837,955
			1,364,016

500,938 500,938 2,561,124	- - 212,115	(70,330)	500,938
			500,938

			2,702,909

Purposes and restrictions in relation to the funds:

Revaluation reserves Represent the amount by which investments exceed their historical cost.

16 Analysis of net assets between funds

At 1 January 2024 £	Unrestricted funds £ 2,087,190	Total £ 2,087,190
	550,000	550,000
	65,719 2,702,909 Cash flows £	65,719
		2,702,909
		At 31 December 2024 £
37,242	33,542	70,784
37,242 37,242	33,542 33,542	70,784
		70,784

Page 14