REGISTERED CHARITY NUMBER: 101)0204 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FOR MADRASSA TALIMUL ISLAM Prestons & Jacksons Partnership LLP 364 - 368 Cranbrook Road Ilford Es.%ex IG2 6HY
MADRASSA TALIMUL ISLAM CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Page Report of the Trustees Independent ExAminerls Report Statement of Flnancaal Actlvltlej io Balance Sheet Notes to the Financial Statement8 12 to 18 Detslled Statement of Flnanctal Activities 19 to 20
MADIL4SSA TALIMUL ISLAM RFPORT OF THE TRUSTEES FOR THE YEAR EIYDED 31 MARCH 2024 The trust¢es present their report with the financial statements of 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 applicabl¢ to charities preparing their accounts in accordance with the Financial Reporting Slandard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019). ORIECTIVES AND ACTIVITIES Objectives and aims The objects of the Charity are the promotion of Islamic religious education for the local Muslim community and to provide daily prayer facility. The Charity provides Islamic tuition to approximately 200-250 children and classes for Islamic education to adults of the Muslim community. The promotion of good quality Islamic education has been a continuing aim and objective of the Charity since its establishment. The Charity also aims to promote a united community. It is continual in its condemnation of religious hatc crimes. The following ar¢ some of the activitieslservices provided by the Charity., Regvular prayers in congregation ' Madrassah class Hifz classes (memorisation of thc Quran) Adult Islamic Studics c1&8ses Lectures and scminars FLcld on a regular basis. Quran & TafsiT Classes 7akaat collection and distribution service ' Nikah (marriage) ceremonie8 Youth engagement activities Adult tea club Publfic benefit The Trustees confirni that they have complied with the duty in seclion 4 of the Charities Act 2011 to have due regard to public benefil guidance published by tho Commission in determining the activities undertaken by the Charity. Trust Advisors Solicitor8 The Charity will, when required. seek legal advice from Whitmore Law LLP, 10 Cameron Road, Seven Kings? Ilford Essex IG3 8LA (Mr Abdul Raufj. Independent Exarniners Th¢ Charity continues to use the services of its accountancy. Pr¢stons and Jacksons Partnership LLP and is grateful for their on-going support. Arcbiteets The Charity has appointed Freeman Ankernian Partn¢rship Ltd, 198 Providence Sq.. Jacob StreeL London SEI 2DZ to draw up plans and obtain Newham Coun¢il Permission to convert the .shop premises at 236-238 High St. North, E12 6SB in Mosque prayer hall. The architect is also appointed to draw plans to convert the charity premises at 248 High St. North, E12 6SB into flats on the request of Newham Council. Page I
MADRASSA TALIMUL ISLAM REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 ACHIEVEMENT AND PERFORMANCE Madrassa Talimul Islam April 2023 - 2024 AehievemeDts And highlights during the year The whole of the premises at 241E High St. North has been now been le¢d to Letslocate Ltd, whi¢h includes the car parL first and second floor of the buildlng. The revised planning application for the shop floor (forn]ally 99p store) conversion were submitted lo Newham Council in F¢bruary 2020 for approval and in July 2020 our planning application was approved by Newham Planning Application Committee. Our solicitor Abdul Rauf (of Whitmore Solicitors) is currently in the Process of a agreeing a working framework (Sl 06 planning agreement) between Madrassa Talimul Islam and Newham Council before we can start any building work. As of cnd March 2024 our solicitors have not been able to complete the working framework (i.e. S106 agreement) wittL Newham council. We still do not have a date when the S106 agrecment will be compl¢ted. An Annual Jalsa (prize giving) was held to mark the end of the Madrasah academic year. Many of the Madrassah students Carried out activities that showed what they learned during the year, e.g. recitation of the Quran, give a short speech etc, The audience consisted of parents and other regular users of ihe Masjid. The Charity invited a number of renowned Islamic scholars to give speeches on various Islamic topics, some topics included: Family Issues. Reasons and Solutions - Reviving Imaan - Zikr and its Virtues Rewards in giving in Charity Islamic Inherit¢¢ Hifdh Lomplelion Harms of Interest The Charity also organised two successful Youth Conferences where renowned young Islamic scholars were invited to part good advice to the young members of the community. Food was provided at the end to everyone who attended the event. We restarted youth activities for 2 days a week (Friday after Madrassa and Sunday afternoon) at 236-238 High St. North for the Madrassa children. The activities includc table tennis, table football etc. We also took the senior students and their teachcrs for paint balling, fun was had by all. This year we have received £20K of funding from Ncwham Council for the youlh activities run by the Charity. MADRASSA TALIMUL ISLAM PROJECTS Womens Classes: Madrassa Talimul Islam runs classes for Women who want to further they knowledge of Islam. These classes are very popular with women of all age groups. In early 2013 we started Quran Tafsir (Quran Commentary) during the Women's classes. These classes have been restarted after Covid-19 and relocated to 248A High Street North, Hifz Classes (Quran memorisation) Page 2
MADRASSA TALIMUL ISLAM REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The hifz class promotes the complete tnemorisation of the Qur'an. There are approximately 15 boys in the class which are held twice every weekday from 6:15am to 7:30am and 5..00pm to 7..00pm. Madrassahs: Madra5sahs are after h0o1 classes wheT¢ Quran and Islamir knowledge are laught. The Madrassah runs five days a week from 5:00pm to 7:00pm. Approximately two hundred childr¢n aged five and above currently attending follow a strategic curriculum. We also run we¢kend madrassah classes from 9:30am to 12:30pm for those children who are unable to join the weekday classes. Approximately 50 children aged 5 years and above currently attend the weekend classes. The Madr&ssah held its Prize Giving Day Ceremony where students were presented with prizes and ccrtificatcs. W¢ organisaj a cours¢ titl¢d 'Saf¢guarding Children, for the Madrassa leachcrs during the year, this was given by an external organisation spe¢ialising in this field. Mosque: This is where the five daily regular prayers take place as well as the main Friday Congregational prayer. Comprehensive translation of the Quran, in lJrdu and English, is given by the Imam three days a we¢k after a congregalional pray¢r. One day a week thc Imam also givcs Islamic Fiqh and Hadeeth leclures. A short lesson from the Hadith books is also given by the Imam at least once during the day after a congregational prayer. Somc of the activiti¢s in the Mosque: Five limes daily congregational prayers - Friday Jummah prayers (2 Jummahs in the summer months) Quranic t¢a¢hings in UTdu and English Fiqh (Islamic rulings) and Hadeeth talks - Short readings from Hadeeth books RamadhaD: Madrassa Talimul Islam Lharity invited Muslims to share food during the evenings in Ramadhan. The food was provided from donation given by the community specifically for this purpose. Islamic lectures were organised for the young members of the community. which were given by local young scholars in English. eci41 A eals Zakgal gDd S8dA Restricted funds Madrassa Talimul Islam held appeals throughout the year to raise money for disast¢r areas around the world. A specidl effort to raise money for flood victims in Indi& Pakistan and earthquake victims in turkey was carried out. Other disasters benefitted from appeals were in Yemen, Syria, Iraq, Palestine, India, Pakistan and Bangladesh. Page 3
MADRASSA TALIMUL ISLAM REPORT OF THE TRUSTEES FOR THE YEAR EIYDED 31 MARCH 2024 FINANCIAL REVIEW Reserves policy Reserves are n¢ed to bridge the gap between the spending and receiving of income and to cover unplanned emergency repairs and other expendilure. The trust average monthly spending was approximately £15,000 (2023: £19,000 per month during year ended 3 1st March 2024, The trustees consider that the ideal level of reservcs would cover six months spending which is approximalely £90,000. The current reserves at balance sheet date were £2,615,037 (2023: £2,438,249) , all of which were unrestricted. The trustees consider the trust is in a healthy position to continue support the charity objectives. FINANCE The fi inancial Statements that follow relates to the Madrassa Talimul Islam Charity the year to 31 st March 2024. On approval the accounts will be sent to the Charity Commission. The Annual Report and Statement of Financial Activities compl¢ted the full annual accounts. We have been able to lease the whole of the building at 241E High Street North to Letlocate Ltd and negotiations for a new lease for the shop at 248A High Street are still in progress. We have started raising funds for the renovation work to the ground floor (fonnally 99p Store) of 236-238 High Street North. The plans for this renovation were approved by Newham counLil in July 2020. FUTURE PLANS Aims of the Cbarlty are: To renovate 236-238 High Strect North in line with Ihe approved plans. Renovate the building at 248A High Street North and bring it up to modern standard. Introduce activities that involve the local Youths so that they feel part of the Charity. Get involved in Charity work to help the local community. this may be in partnership with other reli¥ious organisalions. STRUCTURE, GOVERNANCE AND MANAGEMENT The Cbarlty The charity is controlled by its governing document, a deed of trust and conslitutes an unincorporated charity. Page 4
MADRASSA TALIMUL ISLAM REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The Madrassa Talimul Islam Charity was established on 30th August 1990 as a place of worship and Islamic learning to cater for the needs of the Muslims and others in the vicinity. Its main specialisation currently compromises of a Mosque and Madraah. The Charity is gov¢rned by its Constitution which sets out its aims and rules. Madr&8sa Talimul Islam Charity is continuously working with local authoritie& charities and organisations to allow access to Islamic education and the use of our facilities. Cbarit Trnstees There are six Trustees of th¢ Madrassa Talimul Islam Charity who oversee the smooth running of the Charity. Truslees are valuable assets for the charity because they bring an outside viewpoint and a wealth of experience and knowledge in community work. Executive Council The Executive Council of the Charity is elected by its members for a fixed three-year term. There are at least seven members of the Execulive Council who oversee the day-tthy management and administration of the Charity. The Executiv¢ Council include three orrice Bearers: President, Secreiary and Treasurer. Executive Coun¢il members are elected by the Charity members during the Annual General Meeting. To be eligible, th¢ Executive Council member must be a member of the Charity and show an interest in achieving the aims of the Charity. FADanc¢ The Executive Council meet regularly to discu8S the financial health of the Charity. One of the main objectives established by the Executive Council is to repay its creditors ahead of 8chedule. The Charity has impl¢m¢nted its own slrict financial procedures to ensure all assets, including money arc us¢d TesponsibEy. The Charity ensures ils Asset Register is kept up to date. The Charity adheres lo the Money Laundering Regulations, All Executive Council members pay due regard to the Charity Commission guidance on Public Benefit when deciding its activities, ensuring it meets the Charity's aims. The Charity relics on donations from thc community and fund-raising evenls to cover at least part of the running costs. Renlal income from the Charities &ssets has helped to pay the Charities debts and ongoing expenses. Barclays Bank PIC is used as the Charity's principled Bankers, with accounts also held at the Natwest PIC and Rayyan Bank. Volunteer5 The Charity relies a wat deal on high quality volunteers. The contribution of changing the community is not only made by its Trustees and Staff but also many volunteers who give their time supporting the Charity in the planning and implementation of events and services offered. Page 5
MADRASSA TALIMUL ISLAM REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 STRucfuRE. GOVERf4ANCE AND MANAGEMENT Risk management Possible risks facing th¢ whole organisation are discussed in the Executive Council meeting. Systems are consistently being r¢view¢d and updated as and when warranted to diminish identified risks to an acceptable level. Control systems, insurance cover and other measures are used as appropriate. The Executive Council also recognises ihe need to maintain the Charity's independence and develop income strategtes to ensure the Charity's financial stability well into the 21 st century. REFERENCE AIYD ADMINISTRATIVE DETAIIS Registered Charity number 1000204 Principal address 113 Byron Av¥nu¢ London E12 6NQ Trustees Board of Trustees Mr Yakub Ali Mr Omarji Mohmed Ahmed Mr Al)dul Raz7Aq Patel Mr Ahmed V. Patel Mr Yusuf Ahmed Umerji Mr Siraz Ahmed Y Patel - Appointed 28th August 2023 Ahmed Nekiwala - Resigned 28th August 2023 Eieeullve Council Mr Muhammad Hussain - President Mr Yusuf Umerji - Secretary Mr Sahir Saeed - Treasurer Mr Sajid Bhutawala - Executive Member Mr Ibrahim Amanjl - Executive Member Mr Ily&s Khankhara- Exccutive Member Mr Mohsin Patel - Execulive Member- Appointed on 28th August 2023 Mr Shakil Patel - Executive Member Mr Sohail Bharuchi - Executive Member Mr Sohail Patel - Executive Member Mr Zubair Munshi - Executive Member Mr Adil Janab - Executive Member- Appointed on 28th August 2023 Heads Headteacher - Mr Zainul Abidin Girls Headt¢acher- Mrs Mubeena Bachcha Hifz Class - Mr Mushtaq Patel Inn - Mr Mushtaq Patel Imam - Mr Zakir Munshi Page 6
MADRASSA TALIMUL ISLAM REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner Anwer Patel BA (Hons) FCA BFP Prestons & Jacksons Partnership LLP 364- 368 Cranbrook Road Ilford Essex IG2 6HY Registered AddreJs¢s Head Office 248A Fligh Street North Manor Park London E12 6SB Masjidlmadrgsga 248A High Street North Manor Park London E12 6SB 236-238 High Street North Manor Park London E12 6SB 241 E High Street North Manor Park London E126SJ Main Banke Barclays Bank PIC Barking Road London E13 9PL Rayyan Bank 233-235 High Str¢etNorth East Ham London E6 IJG Natwest PIC High Street North East Ham London E6 1 HS Page 7
MADRASSA TALIMUL ISLIIM REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 J¥./ I Approved by order of the board of trustees on ... ..... .. . and Sied on its behaifby: Trustee Cl Page 8
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MADRASSA TALIMUL ISLAM Independent examlner's report to the trustees of Madrassa Talimul Islam I report to the charity trustees on my examination of the accounts of Madrassa Talimul Islam (the Trust) for the year ended 31 March 2024. Responsibilities and basis of report As th¢ charity tTUStees of the Trust you are responsible for the preparation of the accounts in accordanre with the requirements of the Charities Act 2011 ('Ihe Act,). I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying oul my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5Kb) of the Act. Independent examiner'$ statement Since your charity's gri)ss income exceeded £250.000 your examiner must be a member of a listed Ixldy. I can confirm ihat l am qualified to undertake th¢ examination because l am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. I have completed my examination. I confirni that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: accounting records were not kept in respect of the Trust a5 required by Section 130 of the Act. or the accounts do not accord with those reLords' or the accounts do not Comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and R¢p)rts) Regulations 2008 other than any requirement that the accounts 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 mallers in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding ot. the accoiints to be reached. Anwer Patel BA (Hons) FCA BFP Prestons & Jacksons Partnership LLP 364 - 368 Cranbrook Road Ilford Essex IG2 6HY Date: ........ ?Trloi 02S Page 9
MADRASSA TALIMUL ISLAM STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 31.3.24 Total funds 31.3.23 Total funds Unrestricted Restricted fund fund Notes INCOME AND EIIIDOWMENTS FROM Donations and legacies 242,986 2,3(10 245,286 218.620 Cbaritable activities General 20,000 20,000 Investment income 105,006 105.006 105.279 TotAI 367,992 2JOO 370292 323.899 EXPEIYDITURE ON Raising funds 14,936 14,936 6,770 Cbaritsble activhtleg General Al-Hasanaat Foundation 176,268 176268 2JOO 221,910 2aOO Total 191,204 2Jl)O 193A04 228,680 NET INCOME 176,788 17fj788 95,219 RECONCILIATIOIY OF FUNDS Total funds brought forward 2,438,249 2,438,249 2,343,030 TOTAL FUNDS CARRIED FORWARD 2,615,037 2,615,037 2.438,249 The notes fonn pari of these financial statements Page 10
MADRASSA TALIMUL ISLAM BALANCE SHFET 31 MARCH 2024 31.3.24 31.3.23 Notes FIXED ASSETS Tangible assets 1,961,716 1,979,732 CURRENT ASSETS Debtors Cash at bank and in hand 10 33J14 691,750 9,701 520,540 725,064 530,241 CREDITORS Amounts falling due withln one ycar (71.743) (71,724) ET CURRENT ASSETS 653a21 458,517 TOTAL ASSETS LESS CURRENT LIABILITIES 2,615,037 2,438,249 IYET ASSETS 2,615,037 2,438,249 FUNDS Unrestricted funds 13 2,615,037 2,438,249 TOTAL FUNDS 2,615,037 2,438,249 The financial stale ents were approved by the Board of Trustees and authorised for issue on and were signed on its behalf by: Truste¢ yLlSl Prkmod Umoc ' Trustee .' rfi, Y.(&EoL. The notes forni part of these financial statements Page 11
MADRASSA TALIMUL ISLAM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES Basis of preparing the finaneial statements and assessment of going concern The financial statements of the charity, which is a public benefit entity under FRS 102. have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and R¢porting by Charities: Ststem¢nt of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard appllcable in the UK and Republic of Ireland (FRS 102} (effective l January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and th¢ Charities Act 2011. The financial %tatemenLs have been prepared under lh¢ historical cost convention. Going Concern Net movement Tose in the year to £176.788 (2023: £95,219) ¢ompaTed to previous year. As a result. the Board of Trustees are confident that they would be in operation for the next twelve months. Therefore, the account has been prepared as a going con¢¢rn basis. IneoDJe All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, il is probable that the income will be received and the amount can be m¢asur¢d reliably. Donations are recognised when thc charity reccives them. Investment income is recognised on receivable basis. Expendlture Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic b¢n¢fils will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is a¢counted for on an accruals basis and has b¢¢n ¢l&ssified under headings that aggregate all cost related to the category. Where costs cannoi be directly attributed to particular headings they have been allocated to activities on a basis con8istont with the use ofresources. T8ngibl¢ fixed assets Tangible fixed assets are stated at hlstorical cost less accumulated depreLiation and any accumulated impairnient losses, Historical cost includes expenditure thal is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as lo allocate the cost of assets less their residual value over their eStInled useful lives, using either a straight line or reducing balance method, as indicated bclow. Depreciation is provided on the following basis- Freehold property IO/o on cost Fixtures and fittings - 25 /0 on cost Th¢ assets, residual values, useful lives and depreciation methods are Teviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Page 12 continued...
MADRASSA TALIMUL ISLAM NOTES TO THE FINANCIAL STATEMF.NTS - continued FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES - Continued Taxation The charity is exempt from tax on its charitable activities. Fuod accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of ihe trustecs. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when spccified by ihe 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. Debtors Basic financial assets, including trade and other debtors, are initially recognised at transaction price. unless the arrangcment constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.such as8ets are subsequently carried at less any impairment. Creditors Basic financial liabilities, including trade and other creditors, loans from third parties and loans from r¢lated parties, aTe initially recognised at Iransaction price, unless thc arrangemenl conslilules a financing transaction, where the debt instrument is measured at th¢ present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method. less any impairment. Penslon costy and other post-retirement benefits 'rhe charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period io which they relate. Karzi hasne loan Included in other creditors is £50,200 (2023: £50,200) Kar7£ Hasne Loan. These are interest free loans fromthe community which are repaybal¢ upon demand. Page 13 continued...
MADRASSA TALIMUL ISLAM NOTES TO THE NANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 DONATIONS AIYD LEGACIES 31.3.24 31.3.23 Donations Gift aid Fee Income 108,521 23,446 113,319 108,518 20,293 89,809 245,286 218,620 INVESTMENT INCOME 31.3.24 31.3.23 Rents receivable 105,006 105,279 INCOME FROM CHARITABLE ACTIVITIES 31.3.24 31.3.23 Activity General Grants 20,1)00 Grants received, included in the above. are as follows: 31.3.24 31.3.23 London Borough of Newham 20,000 TRUSTEES, REMUNERATION AND BENEFITS There were no truslees, remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. Trustees, expenses There were no trustees, expcnses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023. Page 14 continued.-.
MADRASSA TALIMUL ISLAM NOTES TO THE FINANCIAL STATEMEIYTS - continued FOR THE YEAR ENDED 31 MARCH 2024 STAFF COSTS 31.3.24 31.3.23 Wages and salaries Other pension costs 88,947 219 88,626 168 89,166 88,794 The average monthly number of employees during th¢ year was as follows: 31.3.24 15 31.3.23 15 Charitable Activities No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL A1VITIEs 31.3.2023 Unresiricied Restricted fund fund Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 218,620 218.620 Investm¢nl income 105,279 105,279 Total 323,899 323,899 EXPENDITURE OIY Raising funds 6,770 6,770 Charitable activitl¢J G¢neral 221,910 221,910 Tot41 228,680 228,680 NET INCOME 95.219 95.219 RECONCILIATION OF FUNDS Total funds brought forward 2,343,030 2,343.030 TOTAL FUNDS CARRIED FORWARD 2,438,249 2,438249 Page 15 ontinued...
MADIL4SSA TALIMUL ISLAM NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 KEY MANAGEMENT PERSONNEL Key Management Personnel comprise of the Board of I"rustees. TANGIBLE FIXED ASSETS Fixtures and fittings Freehold property Totsls COST At l April 2023 and 31 March 2024 2,200,888 104236 2J05,124 DEPRECIATION At l April 2023 Charge for year 241a75 13,972 84,017 4,044 325,392 18,016 At 31 March 2024 255,347 88,061 343,408 NET BOOK VALUE At 31 March 2024 1,945,541 16,17S 1,961,716 At 31 March 2023 1,959,513 20,219 1.979,732 10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Other debtors Rent receivable Prepayments 23,446 5,750 4,118 5,750 3,951 33,314 9,701 Page 16 continued...
MADRASSA TALIMUL ISLAM NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 11. CREDrroRS: AMOUY4TS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Social se¢urity and other taxes Other creditors Karze-e-Hasana Rent deposit Pension Accrued expenses 488 12,500 50,200 5,750 36 2,750 12,500 50200 43 3250 71,743 71,724 12. AIYALYSIS OF NET ASSETS BETWEEN FUNDS 31.3.24 Total funds 31.3.23 Tolal funds Unrestricted Restricted fund fund Fixed assets Current assets Current liabililies 1,961,716 725,064 {71,743) 1,961,716 725.064 (71,743) 1,979,732 530,241 (71,724) 2,615,037 2,615,037 2.438.249 13. MOVEMENT IN FUNDS Net movement in funds At 3113124 At 114123 Unrestricted funds General fund 2,438,249 176,788 2,615,037 TOTAL FUNDS 2,438249 176,788 2,615,037 Net movement in funds, included in the above are as follows: Incoming Resources Movement resources expended in funds Unrestricted fuDds General fund 367,992 (191204) 176,788 Restricted funds Restricted 2JOO (2,300) TOTAL FUNDS 370,292 (193,504) 176,788 Page 17 ontinued...
MADRASSA TALIMUL ISLAM NOTES TO THE FINANCIAL STATEMEIYTS - continued OR THE YEAR ENDED 31 MARCH 2024 13. MOVEMKIYT ]IY FUNDb - Continued Compar4tives for movement In funds Net movement in funds At 3113123 At 114122 Unrestricted fuDds General fund 2,343,030 95.219 2.438,249 TOTAL FUNDS 2,343,030 95,219 2,438,249 Comparative net movement in funds, included in the above are as follows: Incoming Resources Movement resources exnded in funds Unrestrieted funds General fund 323,899 (228,680) 95,219 TOTAL FUNDS 323,899 {228,680) 95,219 14. RELATED PARTY DISCLOSURES The total donations made by the trustees during the year was £1 00 {2023: £100). The charity employs two people who are related to the trustees as follows: Name Mr Zenulabedin Ali Mrs Mubeena Bachcha Relationship Son Daughter Roles prr Head teacher PIT Girls Head teacher AmouDt(£) £7,428 £6,779 Page 18
MADRASSA TALIMUL ISLAM DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR EIYDED 31 MARCH 2024 31.3.24 31.3.23 INCOME AND ENDOWMEIYTS Donations and legacies Donations Gift aid Fee Incorne 108521 23,446 113019 108,518 20,293 89,809 24S286 218,620 Investment income Rents receivable 105,006 105,279 Charitable activitie8 Grants 20,000 Total incoming resources 370,292 323,899 XPENDITURE RaisiDg donations and legg¢Ses Jalsa Costs 14,936 5,710 Other tradAog 4¢tfivltle8 Opening stock 1,060 Chgritsble activitfies Wages Rates and water Insurance Light and heat Telephone Postage and slationery Subcriptions Purchase receiver Donations paid 88,947 15,814 4,984 19,585 833 88,626 342 6,121 20.912 200 1,245 1,587 3,000 1,424 2JOO 133,887 122,033 Support COSt$ Management Pensions Carried forward 219 219 168 168 This page does not form part of the statutory financial statements Page 19
MADRASSA TALIMUL ISLAM DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 31.3.24 31.3.23 Management Brought forward Sundri¢s Depn on Freehold Property Depn on Fixtures and Fittings 219 1,489 13,972 4,044 168 1,253 13,972 5,055 19,724 20,448 Finance Bank charges 401 346 Other Repairs & renewals 18,907 76,483 Governance c(vJts Professional Fecs Independent Examiner's Fees 2,399 3,250 2,600 5,649 2,600 Total resources expended 193,504 228,680 Net income 176,788 95,219 This page does not forni part of the statutory financial ststements Page 20