2023-12-31-accounts - Dar-Ul Qur'an Islamic School

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

SCOTTISH REGISTERED CHARITY NUMBER: SC032173

Report of the Trustees and Financial Statements for the Year Ended 31 December 2023 for

Dar-Ul Qur'an Islamic School

Dar-Ul Qur'an Islamic School Contents of the Financial Statements for the Year Ended 31 December 2023

Page

Report of the Trustees Independent Examiner's report Statement of Financial Activities Balance sheet Notes to the Financial Statements Detailed Statement of Financial Activities

Dar-Ul Qur'an Islamic School

Report of Trustees

for the year ended 31 December 2023

The Trustees present their report and accounts for the year ended 31 December 2023.

ACHIEVEMENT AND PERFORMANCE

Charitable activities

We the trustees present the report on the activities of the financial period 1st January 2023 to 31st December 2023.

Objectives and aims

To advance the religion of Islam, by means of, but not exclusively, promoting the teachings and tenets of Islam and provision of services for Islamic education in accordance with the Quran and the Sunnah of the Prophet Muhammad (Peace be upon him) as interpreted by the Ahle Sunnah Wal Jamah school of thought.

Public benefit statement

The trustees confirm they have referred a statement on public benefit to the Charity Commission. In their opinion, Dar-Ul Qur'an Islamic School fully satisfies the Charity Commission’s test of public benefit.

Trustee & Secretary

Independent Examiner's Report to the Trustees of Dar-Ul Qur'an Islamic School

I report on the accounts for the year ended 31 December 2023 set out on pages seven to fourteen.

Respective responsibilities of trustees and examiner

The charity's trustees (who are also the directors for the purposes of company law) are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year (under Section 144(2) of the Charities Act 2011 (the 201 1 Act)) and that an independent examination is required.

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

examine the accounts under Section 145 of the 2011 Act
to follow the procedures laid down in the General Directions given by the Charity Commission (under Section 145(5)(b) of the 2011 Act); and
to state whether particular matters have come to my attention.

Basis of the independent examiner's report

My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statements below.

Independent examiner's qualified statement

No other matter has come to my attention:

(1) which gives me reasonable cause to believe that, in any material respect, the requirements

to keep accounting records in accordance with Section 386 and 387 of the Companies Act 2006 - to prepare accounts which accord with the accounting records, comply with the accounting requirements of Sections 394 and 395 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities have not been met; or

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Central Accountancy Services

365 Victoria Road Glasgow G42 8YZ

23 July 2024

Dar-Ul Qur'an Islamic School Statement of Financial Activities for the year ended 31 December 2023

INCOMING RESOURCES Incoming resources from generated funds Voluntary income Activities for generating funds Total incoming resources RESOURCES EXPENDED Charitable activities Other resources expended Total resources expended NET INCOMING/(OUTGOING) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD	2023 £ 25,460 - 25,460 4,931 4,931 20,529 250,827 271,356

Dar-Ul Qur'an Islamic School Balance Sheet as at 31 December 2023

Fixed assets Tangible assets 2 Current assets Debtors 3 Cash at bank Cash in hand Net current assets Net assets Funds Unrestricted funds 10 Total funds	2023 £ 180,048 29,179 62,029 100 91,308 91,308 271,356 271,356 271,356

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023 .

The members have not required the charitable company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small charitable companies and with the Financial Reporting Standard for Smaller Entities (effective January 2015).

The financial statements were approved by the board of trustees on 23 July 2024 and were signed on its behalf by:

Dar-Ul Qur'an Islamic School Notes to the Accounts for the year ended 31 December 2023

1 Accounting policies

Accounting convention

The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.

Incoming resources

All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

Taxation

The charity is exempt from corporation 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.

3 COSTS OF GENERATING VOLUNTARY INCOME

Fundraising costs Motor vehicle costs	2023 £ - - -

4 NET INCOMING/(OUTGOING) RESOURCES Rent	2023 £ 2,079 2,079

5 TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 28 February 2022 or for the year ended 28 February 2023.

Dar-Ul Qur'an Islamic School Notes to the Accounts for the year ended 31 December 2023

Trustees' expenses

There were no trustees' expenses paid for the year ended 28 February 2022 or for the year ended 28 February 2023.

6 STAFF COSTS Wages and salaries	2023 £ - -

The average monthly number of employees during the year was as follows:

Staff	2023 -

No employees received emoluments in excess of £60,000.

2 Tangible fixed assets

Cost At 1 January 2023 At 31 December 2023 Depreciation At 31 December 2023 Net book value At 31 December 2023 At 31 December 2022 3 Debtors Other debtors	Land and buildings £ 177,636 177,636 - 177,636 177,636	Plant and machinery £ 2,412 2,412 - 2,412 2,412 2023 £ 29,179	Total £ 180,048 180,048 - 180,048 180,048

Dar-Ul Qur'an Islamic School Detailed Statement of Financial activities for the year ended 31 December 2023

INCOMING RESOURCES Voluntary income Donations Covid Grant Other Income Covid Job Retention Scheme Grant Activities for generating funds Recycling Charity shop income Toybank donations Charity box income Total incoming resources RESOURCES EXPENDED Premises costs: Rent Insurance Light and heat Information technology Total resources expended	2023 £ 25,460 - - - 25,460 - - - - - 25,460 2,079 - 2,852 4,931 - 4,931