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 [nforn￿ts0n Tn￿teeS 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 5. 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 re￿rt 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 Ma￿h 2024 set out on pages 5 to Re8pfflive responsibilities of trustees and independeDt examiner The truste￿ are responsible for the preparation of the a￿unts. The tnjstees consider that an audit is not reqUI￿d for this year under Section 144 (2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is ne￿ed. 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 G￿e[al D1￿CtionS 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 Un￿Ual items or disclosure in the a￿O￿nts and seeking explanatjons from you as tnjstees concerning any such matters. The pror￿uTeS undertaken do not provide all the evidence that would be r4uired in an audit and corL8￿UentlY 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 statem￿t 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.. A￿L)Unting and Reporting ch￿1￿¢$ 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