Charity number: 299838 BAGH*IEHRA TRUST Report of the Trustees and Unaudited Financial Statements For the year ended 31 March 2024
BAGHEIEHRA TRUST Contents Page For the year ended 31 March 2024 Report of the Trustees 1 to2 Independent Examinerfs Report to the Trustees Statement of Financial Activities Statement of Financial Posits'on Notes to the Financial Statements 6t010 Detailed Statement of Financial Activities 11
BAGH-EQEHRA TRUST Report of the Trustees For the year ended 31 March 2024 The Trustees have pleasure in presenting their report and the financial statements for the charity for the year ended 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 Stsndard applicable in the UK and the Republic of Ireland (FRS 102) (effective 1 January 2019). OBJECTIVES AND ACTIVITIES Objectlves and aims The main Purpose of the Trust is the provision of funeral services and religious burial rites for the Muslim community. Muslims from all backgrounds and origins are welcome to contact us. We manage fvio burial ground plots". (i) Bagh-e-zehra located in Brookwood Cemetery, Woking and (li) Jannat-al Baqi located in Greenacres Kemnal Park Cemetery, Chislehurst. The Trustees arrange four semi annual functions, bNo at each cemetery. to commemorate auspicious religious days and gather the community to pay their respects to deceased relatives. The Trustees are responsible for continuous improvement and maintenance of the burial grounds. ststement on public benefft The Trustees have considered the Charity Commision's guidance on public benefft, including the guidance 'publi¢ benefft". wnning a charity (PB2}'. FINANCIAL REVIEW The Trust recVed donations, bank interest and recorded proceeds from sales of plots totslling £74,591 during the year. Totsl outgoing resources amount to £67.271 of which £64,673was expended on direct charitable activities and £2,598 on the running costs. Totsl available fvnds at 31 March 2024 amounted to £85,438 The Trustees are satisfied that the Trust's activities during the period have met their objectives and are satisfied wth the financial position at the period end. RESERVES POLICY The Trustees have reviewed the Trusys needs for serveS in line with guidance issued by the Charity Commission where the tem "reseprfes" describes that part of a Charity's income funds that is freely available for its general purposes at the trustees, discretion in furtherance of any of the chanty's objectives. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document Bagh-e-zehra TTUSt is a charitable trust registered with the Charity Commission in November 1988under charity number 299838. It is governed by a deed of trust. Organisation Stwcture and Activities The charity Trustees are responsible for the general control and management of the charrty. The trustees give their time freely and receive no remuneration or other financial benefits. The Trustees meet as a body annually and are responsible for all decisions taken in relation to the management of their funeral related services to the UK Muslim communty. Risk Management Policy The Trustees confirm that they identrfy and review on an annual basis the major risks to which the charity is exposed. During the year an actual risk assessment 4vas carried out on govemance, fundraising, operations, infonnation technology, finances and legal compliance. 1 of11
BAGH4EHRA TRUST Rewl of the Trustees Contlnu•d For the yoar ended 31 March 2024 Namo of Charfty BAGH.zEHRA TRUST W2 3RL TnJstM• Mr Ssd lfyas B*) Azam GILL & CO TW5 OQP W1A 2DG 08 2025 20111
8AGH-E.ZEHRA TRUST Independenl Examlners Report to th• Tru•tee• For the year •nded 31 Mareh 2024 I r•pcxt to Iho trust on my ex8mlnotKm of Ihe a¢cwnls ol Ihe ehanly lof lh8 year ended 31 Mar( 2024. AS the ch8nty truslees. 8re responslble for Ihe prep8f81K>n of Ihe accrjjnts in acccrtdance wih the rnquirnments ol Ihe Ch8Titles Acl 2011 {Ihe 2011 Acl'l I reF Sn r•sp•cl ol my 8xamin8t ol th8rlW8 x¢4xJnl• c8ryi•d oul under 14501 tho 2011 Acl and In oul my 8x8mln8b.on I have lolkywed 811 tho appltth diroclw)n8 given ty Ihe Charity Commlssk)n under Seclbn 14515Mb) ol Acl. 1. Acxx)unlkng r•¢<wds IKI kopt in Tesped of the Chwty 05 required ty se(kn 130 01 the 2011 fvrt. CY 3. ac£nts do r1 fxthFdy with the apIcAble requements conceming the ftym and content of Ihe 8(xx¥Jnts a 7rue and fair VW which is not a matter ccffisider8d as part ol indep8rwJent LL& TW5 (MJP 14 JY 2025 3of11
BAGH-EIEHRA TRUST ststement of Financial Activities For the year ended 31 March 2024 Unrestrlcte d funds 2023 Income and endowments from: Donations and legacies Charitable activities Assignment of Plots Investments Bank interest receivable Total 9,460 6,751 64,360 107,665 771 50 74,591 114.466 Expendlturn on: Raising funds Costs of generating donations and legacies Charitable activities Assignment of Plots Total (20,590) (24,677) 6t1 (50,000) (70,5901 (85,800) (110,4771 Net income Reconciliation of funds Total funds brought fopward Total funds carried forward 4,001 3.989 81,437 85,438 77,448 81.437 4of 11
BAGH*4EHRA TRUST ststOThnt of Financlal Posftlon As at 31 Mar¢h 2024 2024 2023 3.414 6.733 6,733 10 11 11 117.000 1.318 167.000 1.351 Debtor5: amounts fallirKJ due after than (Th yaar 98.246 40.143 216y4 2 (3.400) (2.9(X)) 12 211164 216,578 {131.140) 205.fA4 212.377 (130,940) 13 81.437 14 81.437 81.437 Twslee (B 2025 50111
BAGH-EIEHRA TRUST Notes to the Financial Ststements For the year ended 31 March 2024 1. Accounting Policies 8asis of accounting The finanaal statements have been prepared under the historical cost convention. except for investrnents which are in¢luded at market value and the revaluation of rtain fixed assets and in accordan Imth the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance th the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (effective 1 January 2019), and the Charities Act 2011. BAGH-E-ZEHRA TRUST meets the definition of a public benefit enbty under FRS 102. Assets and liabilrties are initi'ally recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s). Going concem Tanglble fixed assets Tangible fixed assets, other than freehold land. are stated at cost or valuation less depreciatron and any provision for impaimient. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value. over Iheir expected usefijl lives. Stocks and worf( In progrnBs Stocks are valued at the I0r of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost indudes all direct costs and an appropriate proportion of fixed and variable overheads. 2. Incomo from donations and legacies 2024 2023 Unrestrfcted funds Donations received 9,460 6,751 9,460 6,751 3. Incon from charitsble activities 2024 2023 Unrestricted funds Assignment of Plots Income from charitsble actbvities 64,360 107,665 6of11
BAGHQEHRA TRUST Notes to the Financial Statements Continued For the year ended 31 March 2024 4. Inveslment income 2024 2023 Unrestricted funds Bank interest receivable 771 50 771 50 5. Expenditure on generntlng donatloM and legacles 2024 2023 Unrnstricted funds Support costs 20.590 24,677 20,590 24.677 6. Costs of clmritsble activilies by fvnd type 2024 2023 Unrestricted funds Assignment of Plots Direct cost 50,000 50,000 85,800 85.800 7. Costs of charitable activities by activty type 2024 2023 Activides undertaken directy Assignment of Plots 50,000 85,800 7of11
BAGH-EIEHRA TRUST Notes to the Financial Statements Continued For the year ended 31 March 2024 8. Analys1$ of support Costs 2024 2023 Voluntsry In¢ome Support cost Events Expenses Electricity & Water Ground Clearan and maintenance Toilet hi & Servicing Charitable donats.ons Sundry expenses 3,159 1,052 2,891 3,070 1,053 1,800 1,944 5,660 366 1,491 9,720 1,145 18,279 15,072 Governance costs Independent Examiners fees Bookkeeping sofhvare Depreciation of owned assets 1,700 1,700 499 283 3,319 4,415 5,518 6,398 20,590 24.677 9. Tanglble fixed assets Plant and Machinery Fixtures and Fittings Cost or valuation Total At 01 April 2023 At 31 March 2024 3,531 3,531 19,122 19,122 22,653 22,653 Depreciation At 01 April 2023 Charge for year At 31 March 2024 Net book values 2,431 220 13,489 15,920 3.099 16.588 3,319 19,239 2.651 At 31 March 2024 2.$34 3,414 At 31 March 2023 1,100 5.633 6,733 8of11
BAGH-EQEHRA TRUST Notes to the Financial Statements Continued For the year ended 31 March 2024 10. Stocks and work In progre 2024 2023 Long-temi contract balances 117,000 167,000 117.000 167,000 11. Debtors 2024 2023 Amounts due within one year: Prepayments and accrued income 1,318 1,351 1,318 1,351 Amounts due after more than one year. Other debtors 50 12. Credltors: amounts falling due within one year 2024 2023 Other creditors 3,400 2,900 3,400 2.900 13. Credltors: amounts falling due after more than one year 2024 2023 Other creditors 131,140 130,940 131,140 130.940 Creditors indude the following.. Long Temi Creditor (Plots) Personal Funeral Expenses Advances £123,250 (2023.. £123,250) £7,890 (2023: £7,690) 9of 11
BAGH¥-ZEHRA TRUST Notes to the Financial Statements Continued For the year ended 31 March 2024 14. Movement In funds Unrestrictod Funds Balance at 0110412023 Incoming resources Outgolng resources Balance at 3110312024 General General 81,437 74,591 (70,590) 85,438 81,437 74,591 170,590) 85,438 Unrestricted Funds - Previous year Balance at 0110412022 Incomlng resources Outgoing resources Balance at 3110312023 Gene1 General 77.448 114,466 (110,477) 81,437 77.448 114.466 1110,477) 81,437 15. Anatysis of net assets beiween funds Tanglble Net current Creditor# > N8t Assots fixed 8$9ots assets I ¢Jne yoar Illabllitlesl Unrestricted funds General General 3,414 213,164 (131,140) 85,438 3.414 213,164 1131.140) 85,438 Previous year Tanglble Ngt current Credltorn > P48t Ass•ts Ilxed as8ets aBsots1 one yoar {Ilabllltlosl Unrestrlcted funds General General 6,733 205,644 (130,940) 81,437 6,733 205.644 1130,940) 81,437 10of11
BAGH-EIEHRA TRUST Detailed Statement of Financial Activities For the year ended 31 March 2024 2024 2023 INCOME AND ENIK)WMENT Donatlons and legacies Donations 9,460 6,751 9.460 6,751 Charitable actlvltles Proceeds From Assignment Of Plots 64,360 107,665 64,360 107,665 Investments Bank Interest Receivable 771 50 771 50 Total incomlng resources EXPENDITURE Charitable activities Cost Of Direct Charitable Activty 74,591 114,466 <50,000) (85,800) {50,000) (85,800) SUPPORT COSTS Support cost Events Expenses Electricity & Water Ground Clearance And Maintenance Toilet Hire & Servicing Charitable tkjnations Sundry Expenses (3,159) (1,052) (2,891) (1,944) (5,660) (366) (3,070) (1,053) (1,800) (1,491) (9,720) (1,145) (15.072) 118,279) Governance costs Independent Examiners Fees Bookkeeping Software Depreciation Of Cmned Assets {1,700) (499) (3,319) (1,700) {283) {4,415) 15.518) 16,398 Total resources expended 170,5901 1110,477) Net Income 4,001 3,989 11 of 11 This page does not form part of the stslutory financial ststements