Charity No: 0505715 ABU BAKR TRUST BURNLEY Trustees, rew)rt and fllvancial statements for the year ended 31 March 2024
ABU BAKR TRUST BURNLEY Contents Page IEgal and Administrative [nfornts0n TnteeS Report Statement of fmancial activities Balance Sheet Notes to the Financial Statements
ABU BAIai TRUST BURNLEY Legal and administrative information Charity Number 0505715 Charity Address Jamia Masjid Abu Bakn 4 Brougham Street Burnley Lancashire BB12 OAS Independent Examiner tA.&Co. Accountants & Business Advisers 47 Walter Street Brierfield NELSON Lancashire BB9 5JB Page I
Abu Bakr Trust Burnley Report of the trustees for the year ended 31 March 2024 The Trustees present their report and the financial statements for the year ended 31 March 2024. It is a great pleasure for the Trustees to present a report of the last twelve months with the charity's annual accounts, which have been independently examined by M. A. & Co Accountants. These accounts are a major part of our report. If anyone needs a copy of the accounts, they are free to contact any Trustee. Structure, Governance and Management Abu Bakr Trust Burnley is registered with the Charity Commission (Registration Number 0505715) and constituted by the deed of trust. The charity is managed by six trustees who meet at regular intervals to assess the progress. The trustees have assessed the major risks to which the charity is exposed and are satisfied that the systems are in place to mitigate exposure to the major risks. Objectives To provide a place of worship for the multi-cultural community of Muslims in Burnley and the surrounding areas. To propagate and expand the teachings of Islam in total compliance with the law of the land. To seek and build a better understanding of other faiths and communities through interfaith and multicultural activities. Activities 1. Daneshouse Community Centre We have been fundraising and holding charity events to help pay off the Loan (Qardh-e- Hasanah). We have managed to pay off £99,400 during 2023-24. We thank the individuals who granted us the loans and the volunteers for all the time and effort in helping raise the funds collected. 2. Replacing the Carpets We hope to lay new carpets in the two halls - the main mosque hall downstairs and the upstairs hall in the coming year. 3. Solar Panels We are hoping to install solar panels for the Masjid to save on energy costs whist obtaining energy in a sustainable way. Page 2
- Financial Overview The charity had net incoming resources of £37,751 in 2024 (2023: £31,79J) resulting in total funds of £578,464 (2023: £540.713) carried foNard in 2024. Note 10 sets out an analysis of the assets attributable to the various funds and these assets are sufficient to meet the charity s obligation on fund-by-fund basis. Statement of Trustees, Responsibilities The trustees are responsible for preparing the Truslees. Annual Report and the Financial Statements in accordance with applicable law and Unrted Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year: which give a true and fair view of the charity and of the incoming resources and application of resources of the charity for the year. In preparing these financial statements the trustees are required to- Select suitable accounting policies and then apply" Observe the methods and principles in the Charities SORP. Make }udgments and estimates that a reasonable and prudent; State whether applicable UK Accounting Standards have been followed. subject to any material departure disclosed and explained in the financial statements- and Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping proper accounting records which disclose with accuracy at any time the financial position of the charity and ensure that the financial statements comply with the Charities Act 1993 and the Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the Gharity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Abu Bakr Trust Burnley Report of the trustees For the year ended 31 March 2024 This report kvas approved by the trustees on 28.01.2025 and signed on their behalf by Mr. Muhammed Raees Trustee Page 3
ABU BAKR TRUST BURNLEY Independent examiner's rert to ihe Iru5tees of Abu Bakr Trust Burnky l TepK)rt on the ac£ounts of Abu Bakr TTUSt Burnlvy for the year endoa 31 Mah 2024 set out on pages 5 to Re8pfflive responsibilities of trustees and independeDt examiner The truste are responsible for the preparation of the aunts. The tnjstees consider that an audit is not reqUId for this year under Section 144 (2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is need. Having Satisfi myself that the charity is not subje£t to audit under (x)mpany law and is eligible for independent examination. it is my rtsp)nsibility to examine th¢ a¢counts under Section 145 of the 2011 ACL under Section 145 (5Xb) of the 2011 ACL and state whether particular matters have Come to my attention Basig of Independent examiners. statement My examination was carried out in aCCA)rdan with the Ge[al D1CtionS giv by the Charity Commission. examinats.on includes a review of the accounting records kept by the Charity and a comFarison of the accounts pTrsented with those rewrds. It also includes consideTrtson of any UnUal items or disclosure in the aOnts and seeking explanatjons from you as tnjstees concerning any such matters. The proruTeS undertaken do not provide all the evidence that would be r4uired in an audit and corL8UentlY no opinion is given as to whether the accounts present a 'iTue and f"r view. and the report is limited to those matters set out in the statemt Etlow. IDdependent examiner's statemettt In conn¢¢tion with my examinatiorL no matter has come to my attention". (l) which gives me re&sonable cause to believe that in any material res the requirements.. to keep proper accounting records in ac(x)rdan¢e with sethon 41 ofthe Act" and to prepare accounts which a(wrd with the accounting records and comply with the accountmg requirements of se¢tion 396 of the Companies Act 2006 and with the methods and principles of the Ststement of Re¢ommended Prdctice.. AL)Unting and Reporting ch1¢$ have not been met. or 2) to which. m my opinion, attention should be drawn in order to enable to proper understanding of the accounts to be reached Mohammed Amin 28 Jrdnuary 2025 Independent Examiner 47 Walter Street Brierfield, Ne150n Lan&gshir4 BB9 SJB Patr4
ABU BAKR TRUST BURNLEY Statement of financial activities for the year ended 31 March 2024 Unr•stricted funds 2024 Totsl 2023 Totsl Notes Incoming resources Incoming resources from generating funds: Voluntary income Activities for generating funds Other Income 90,815 69,692 90,815 69,692 74.365 48,230 Total incoming resources 160.507 160.507 122,595 Rosources expended Costs of generating funds: Charitable activtties 122,406 122,406 90,455 Govemance costs 350 350 Total resources expended 122,756 122.756 90,805 Net movement in funds 37.751 37,751 31,790 Total funds brought forward 540,713 540,713 508,923 T¢)tal funds carried forward 578.464 578.464 540,713 Page 5
ABU BAKR TRUST BURNLEY Balance Sheet as at 31 March 2024 2024 2023 Notes Flxed Assets Tangjble Fixed Assets Current Assets Stock Bank and Cash 1200 30 889 32.089 1200 38,221 Creditors: amount falling due wlthln one year 350 Net Current Assets 31,739 37,871 Non£urrent Liabilities Qarz-e-Hasna 225,900 290,800 NET ASSETS FUNDS Unfestrieted ineeffie fuf 678,464 540,712 Total Funds 578.464 540.712 The Finanaal statements were approved by the trustees on 28 January 2025. Mr. Muhammed Raees Trustee The notes on pages 7 to 9 forni an Integral part of these flnanclal statements Page 6
ABU BAI<R TRUST BURNLEY ]Yotes to the fmaneial statement for the year ended 31 mSh 2024 l. Accounting policies The principal accounting policies are summarised below. The a¢cnunting policies have been applied nsistently throughout the year and the pithing year 1.1 Basis of accounting The financial ststements are prepared under the historical cost wnvention and in accordance with the 2(KJ5) and the charities act 2011. 1.2 Incorniti£ resources All incorning resources are included in the statement of financial activities when the Charity is entitled to the income and the amount can be quantifid with re&sonable accuracy. The following specific policies are appli to parti¢ular Categories of income. Voluntary income is received by way of donations and ft$ and is Includ in full in the Statement of Financial Activities when receivable. th'fis donated for sale are Included as Income when they are sold. Donated Sets are included at the value to the ¢harity where thi5 Can be quanb.fied and a third paty is bearing the cost. The value of services provid by the volunteers has not been includa. Income from investments is Included n the year in which it is receivable. IJ Rt8ourtes expended Expenditure is recognisa on an accrua] b&sis &$ liability is incurred. EXpdItUTe includes any VAT whi¢h cannot be fully recovered. and is rew)rted as part of the expditUTe to which it relates. Resources expended are recognised in the year in which they are incurred. Fundrdising costs are those incurred in seeking voluntary contributions and do not include the costs of dissemination inf0mtion in support of the charitable activities. Support costs are those cost inc4]tred directly in support of expendibjtt on the objects of the charity and include project management IA TauEibk rued aud depretiaty Tangible fixed assets are Stat at cost less aUmUlat depreciation. Deprecation Is provided at rates calwlated to write off the cost less residual value of each asset over its expected useful life. as follows.. Land and Building5 Fixtures. Fittings and equipment 20/0 Straight line I10 redu¢ing balanc 1.5 Investments tnvestments held as fixed assets are revalued at mid-market value at the balance sheet date and the gain or Ioss taken to the ststement of financial activtties. 1.6 Lea8ing Rentals payable under operating leases are charged against income on a sttaight lie basis over the lease Pxge 7
ABU BAKR TRUST BURNLEY Notes to the flnanclal statements for the year ended 31 March 2024 2 Voluntary Income Unrestrfcted funds 2024 Total 2023 Total 90,815 90,81S 90,815 90,815 74,365 74,365 3 Actlvities for generation funds Rental Iftcotne Tuition Fees Gift Aid 40,125 59,553 2,825 41.772 3,C67 47,664 59,553 69,678 69,678 4 Other Income - Bank Compensation 14 14 565 5 Charltable Actlvities Contract Wages Establishment - Heat & Light Establishment - Rates & Water Establishment - Insurance Office Expenses - Telephone Printing & Stationery Markets'ng Building Materials Building Gontractors Renewals Fire Safety Cleaning Bank Charges Food Costs Ground Rent Card Machine Charges Depreciation on fixed assets TT,862 10.673 526 3.997 733 380 450 1,734 77.862 10.673 526 3,997 733 380 450 1.734 54,577 8,171 2,073 694 635 115 1,080 650 1.690 650 1,690 224 374 11 224 374 338 617 21 59 21.689 21,016 21,016 122.406 122,406 90,455 6 Goyemanc£ Costs Accountancy charges 350 350 350 360 350 350 Page 8
ABU BAKR TRUST BURNLEY Notes to the financial statements for the year ended 31 March 2024 Land and buildings Freehold Fixtures, Fittings & Equipment Total 7 Tangible Fixed Assets Cost at 1 April 2023 Additions at 31 March 2024 895,785 33,772 929,557 895,785 33.772 929.557 Depreciation at 1 April 2023 Charge for the Year at 31 March 2024 117,814 19,449 137.263 18,102 1,567 19,669 135,916 21,016 156,932 Net Book Values at 31 March 2023 at 31 March 2024 777,971 758.522 15,670 14,103 793,641 772,625 2024 8 Creditors: amount falling due within eAe year Accrued Expenses 350 Unrestslcted funds 9 Unrestricted Funds Incoming resources Outgoiyyg resources 3110312024 0110412023 540.713 160,507 122,756 578,464 Page 9