Charity Registration No. 1005837
Makki Madrassa Trust
Financial statements
For the year ended 29 February 2024
Makki Madrassa Trust Contents
For the year ended 29 February 2024
| Page | |
|---|---|
| Legal and administrative information | 1 |
| Independent Examiner's report | 2 |
| Statement of financial activities | 3 |
| Balance Sheet | 4 |
| Notes to the financial statements | 5- 6 |
Makki Madrassa Trust Legal and administrative information For the year ended 29 February 2024
| Trustees: | Amjid Khan |
|---|---|
| Mohammed Akhtar Ashraf | |
| Shahid Jamil | |
| Abdul Rashid | |
| Chairman: | Mohammed Akhtar Ashraf |
| Charity number: | 1005837 |
| Registered office: | 75 Stafford Road |
| Handsworth | |
| Birmingham | |
| B21 9DU | |
| Accountants: | 1st Choice Accountants |
| 94 Grove Lane | |
| Handsworth | |
| Birmingham | |
| B21 9HA |
Page 1
Makki Madrassa Trust Independent Examiners' Report
For the year ended 29 February 2024
We report on the accounts of the Charity for the year ended 29 February 2024, which are set out on pages 3 to 6.
Respective responsibilities of the trustees and examiner
The charity’s members are responsible for the preparation of the accounts. The charity’s members consider that an audit is not required for this year (under section 4144(2) of the Charities Act 2011) and that an independent examination is needed.
It is our responsibility to:
-
examine the accounts (under section 145 of 2011 Act);
-
to follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 145 (5) of 2011 Act); and
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to state whether particular matters have come to our attention.
Basis of the independent examiner’s report
Our examination was carried out in accordance with the General Directions given by the Charity Commissioners. 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 members concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently we do not express an audit opinion on the view given by the accounts.
Independent examiner’s statement
In the course of our examination, no matter has come to our attention:
-
(1) which gives us reasonable cause to believe that in, any material respect, the members have not met the requirements to ensure that:
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Proper accounting records are kept (in accordance with section 130 of the 2011 Act); and
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Accounts are prepared which agree with the accounting records and comply with the accounting requirements of the Act; or
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(2) to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
1st Choice Accountants 94 Grove Lane Handsworth Birmingham B21 9HA
Page 2
Makki Madrassa Trust
Statement of Financial Activities including Income and Expenditure Account
For the year ended 29 February 2024
| Notes Total incoming resources Resources Expended Governance costs and expenditure 2 Total expenditure Net movement in funds Funds balances at 1 March 2022 Funds balances at 28 February 2023 Incoming resources Donations |
2024 £ 106,395 106,395 86,863 86,863 19,532 377,265 396,797 |
2023 £ 64,222 |
|---|---|---|
| 64,222 | ||
| 70,399 | ||
| 70,399 | ||
| (6,177) 383,442 |
||
| 377,265 |
Page 3
Makki Madrassa Trust Balance Sheet As at 29 February 2024
| Notes 3 Cash at bank and in hand Other taxes and social security Net current assets Net assets Accumulated Funds Balance brought forward Surplus of income over expenditure Current liabilities FIXED ASSETS Tangible fixed assets Current assets |
£ £ £ £ 288,044 289,817 108,889 88,283 108,889 88,283 136 835 108,753 87,448 396,797 377,265 377,265 383,442 19,532 (6,177) 396,797 377,265 2024 2023 |
£ £ £ £ 288,044 289,817 108,889 88,283 108,889 88,283 136 835 108,753 87,448 396,797 377,265 377,265 383,442 19,532 (6,177) 396,797 377,265 2024 2023 |
|---|---|---|
| 108,889 136 |
||
| 377,265 | ||
| 383,442 (6,177) |
||
| 377,265 |
These financial statements were approved by the Board of Trustees on 02 Jan 2025 and were signed on its behalf by:
Mr Amjid Khan Treasurer Date: 02 Jan 2025
Page 4
Makki Madrassa Trust
Notes to the Financial Statements
For the year ended 29 February 2024
1 Accounting policies
1.1 Basis of preparation
The financial statements have been prepared under historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities, the Statement of Recommended Practice; Accounting and Reporting by Charities 2005.
1.2 Incomeing Resources
All incoming resources are included on the statement of Financial Activities when the Charity is legally entitled to the income and amount can be quantified with reasonable accuracy.
1.3 Resources expended
Resources expended are accounted for on an accrual basis. Expenditure includes VAT which cannot be recovered and which is included as part of the expenditure to which it relates.
Costs are allocated between charitable expenditure and governance as appropriate. Charitable expenditure comprises those costs directly incurred in carrying out its charitable activities and expenditure of an indirect nature necessary to support these activities. Governance costs are those associated with the constitutional and statutory requirements of the charity and include Independent Examiners' fees and costs incurred in the strategic management of the charity.
Page 5
Makki Madrassa Trust Notes to the Financial Statements - (Continued) For the year ended 29 February 2024
| 2 Expenditure Wages and salaries Light and heat Insurance Telephone Water Rates General admin exp Printing, postage and stationery Sound system and license fee Legal and professional fee Repairs and renewals Depreciation Sundry expenses |
2024 2023 £ £ 53,445 43,124 6,650 4,294 618 513 603 525 723 662 626 2,233 262 144 567 2,405 500 500 21,096 13,230 1,773 2,086 - 684 86,863 70,399 |
|---|---|
3 TANGIBLE FIXED ASSETS
| COST At 1 March 2023 At 29 February 2024 DEPRECIATION At 1 March 2023 Charge for the year At 29 February 2024 NET BOOK VALUE At 29 February 2024 As at 28 February 2023 |
£ £ £ 278,000 32,330 310,330 Land and Buildings TOTAL Fixtures and fittings |
|---|---|
| 278,000 32,330 310,330 | |
| - 20,513 20,513 - 1,773 1,773 |
|
| - 22,286 22,286 | |
| 278,000 10,044 288,044 278,000 11,817 289,817 |
Page 6