REGISTERED CHARITY NUMBER: 1012357 JAAMIATUL IMAAM MUHAMMAD ZAKARIA MUHAJIR MADANI REPORT OF THE TRUSTEES AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Xeinadin Audit Ltd (Statutory Auditor) Ground Floor Citygate Longridge Rd Preston PR2 5BQ
JAAMIATUL IMAAM MUHAMMAD ZAKARIA MUHAJIR MADANI CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Page Reforonce and Administratlve Details Report of the Trustees Report of the Independent Auditors Statement of Flnan¢ial Activities Statement of Financial Position Ststement of Cash Flows Notes to the Statement of Cash Flows 10 Not•$ to the Financial Statements 11 to 16
JAAMIATUL IMAAM MUHAMMAD ZAKARIA MUHAJIR MADANI REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 AUGUST 2024 Trustees Shokat Dadhiwala Mohmed Juned Desai Yusuf Kara Jada Ebrahim Hasan Sader Ismail Mohammad Saeed Raja Prln¢lpal address Thornton View Road Clayton Bradford BD14 6JX Reglstered charity number 1012357 Audltors Xeinadin Audit Ltd (Statutory Auditor) Ground Floor Citygate Longridge Rd Preston PR2 5BQ Accountants Adam & Co Accountsnts 251, Derby Street Adamson House Bolton BL3 6LA Bankers National Westminster Bank PIC 28 Bank Street Rawtenstall Rossendale, Lancashire BB4 8TS Zempler Bank {FoTherly Cashplus) Cottons Centre, Cottons Lane London SE12QG Page 1
JAAMIATUL IMAAM MUHAMMAD ZAKARIA MUHAJIR MADANI REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2024 The trustees presenl their report with the financial statements of the charity for the year ended 31 August 2024. The trustees have adopted the provisions of Accounting and Reporhng by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance wth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191. Objectives and actlvlties Objectives and aims There are currently approximately 410 students on roll and approximately 130 students are in the post 16 provision. The majority of students are British Muslims. As educalion providers. Jaamia endeavours to provide all their students with as many opportunities in education as possible. The school prides itself for being an institute that offers both a comprehensive Islamic Theology Course and Secondary curriculum. We aim to connect the curricula as much as possible within the school, such tFiat the teaching of the secondary curriculum is not divorced and separated from Islamic concepts., rather it is enhanced by introducing Islamic concepts. We believe. through the provision of two curricula wthin the school,. namely the secondary curriculum and the Islamic Sciences Curriculum {Degree.' Islamic Theology Course), our studenls enjoy increased opportunities. The school aims to ensure that the time spent at Jaamia. facilitate students to attain, primarily the highest levels of spiritual. moral. cultural and Islamic awareness and, in close conjunction with this, the highest levels of physical and intellectual achievement of which they are capable. Moreover. the school seeks to prepare students for the 21 st century, through religious faith, by raising their awareness to the different cultures around us and how we can live as a cohesive community in a plural society by accepting and respecting diversity and by being tolerant to others in accordance with fundamental British values. This is achieved by actively promoting attitudes such as respect for rule of law, individual liberties, democracy and mutual respect for different faith5 and beliefs and for those without faith-, all of which constitute fundamental British values. In addition, the school seeks to empower students and provide them with a strong religious and British identity where they feel confident of both Iheir religious and British identity- The school has a friendly atmosphere where the students learn and adapt to get on with others, have the opportunity lo meet girls from different cultural backgrounds. improve their interaction and communication skills, learn independen and increase their faith. The school offers a good broad range of subjects from the National Curriculum. The appropriate curriculum policies which are in place are supported by good quality schemes of work for all subjects. The curriculum provides for girls to become Muslim scholars and religious teachers and also prepares them for any further education they would like to pursue. The broad curriculum ensures that students are appropriately prepared for life beyond school. The school's provision for study of Hadith (Prophetic Tradib'ons), the Quranic studies {the pracb'cal aspects of Islamic life) and the Arabic and Urdu language is outstanding. Support sessions are provided for students in need of extra help and there are also extra-curricular activities which include cooking and art & STEM clubs etc. Public speaking, sporting and gardening acb'vities are also organised. Fundraising opportunities have been organised for registered charities. The school has an embedded programme of career education and guidance that is known and understood by pupils, parents. teachers and employers. Further to this serwce, sludenls then have the opportunity to go on to work experience placernents. In addition, we have extended our careers advice enabling pupils, access to apprenticeships enhancing their key skills and have also extended visits from professionals. They also receive regular visitors from different walks of life to talk to them aboutjob opportunities in their organisations. Subject spe¢iffc educational trips are also in place to further enhance the student's knowledge and leaming as well as trips out. Educational visits were arranged for different year groups to Ihe Magna Science Adventure Centre, Nell Bank, Go Ape, Zip World and York's Chocolate story. The school undertakes all the required checks to ensure that its staff and the proprietors are suitable to work with children. The school maintains a single central register which m6et5 the regulations. Compliance with a¢¢ounting standards The trustees confimi that the accounts comply with current slatutory requirements, the requirements of the charity's goveming document and the requirements ofthe Charities SORP. Page 2
JAAMIATUL IMAAM MUHAMMAD ZAKARIA MUHAJIR MADANI REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2024 Achievement and perforniance Charitable activities The Trustees are pleased that the performance of Ihe school has been more than satisfactory through the year. In the GCSEIA Level examinations. Jaamialul Imaam Muhammad Zakaria Muhajir Madani enjoys yet again a positive year on year examination results which are evident indicators of SUCssful teaching and learning, with particular strength in Modern Foreign Languages and GCSE core subjects. Jaamiatul Imaam Muhammad Zakaria Muhajir Madani offers a unique community and environment in which students learn and experience a vast array of soci81 and academic skills in a safe and highly organised school that endeavours to make students. schooling highly fruitful and memorable. The school day is structured so that students utilise their time well and in a balanced manner. We are confident Ihat the education provided equips our students to deal with demands of adult life in a mature and responsible manner. The school currently has full membership with ISC {Independent Schools Council) and ISA (Independent Schools Association). Thi5 year the trustees commissioned a full audit on our safeguarding provision which was carried out by Bradford Council and also a full mock inspection was carried out by an independent consultant in preparation of our inspection which is due any time after September 2024. We were pleased that the reports of both the audits were very positive. We are also delighted wlh our sucsSful completion of the Bradford Healthy Minds Chartermark silver award. Commitment to Equality The Charity is committed lo promoting and achieving equality. and to ensure that unfair discrimination is eliminated. It believes that unfair discrimination is totally unacceptable. Discrimination on the grounds of gender. race, disability. age, religious or political belief. sexual orientation, social background. marital status or pregnancy will not be tolerated within Jaamia. Future plans Building Development work The school carried out major roof repair works to the Highgate building and we installed new curtain poles and curtains in most of the buildings. In addition.. We installed an electrically operated gate at the entrance to the front car park. We purchased 60 refurbished Dell computers as part of our upgrading process of our IT infrastructure. Plans for the Future Installation of an electric generator to curtail any disturban in the event of any power cuts. StwctUTe. governance and management Location, Stru¢ture. Governance and Management Jaamiatul Imaam Muhammad Zakaria Muhajir Madani is an independent boarding school for Muslim girls aged 11 years to 23 years. All students attend the school full time. The school is situatsd in Clayton, Bradford. West Yorkshire. Bradford is a metropolitan borough of West Yorkshire in Northern England. It is situated in the foothills of the Pennines, 8.6 miles113.8 km) west of Leeds, and 16 miles {25.7 km) northwest of Wakefield. Bradford became 8 municipal borough in 1847. and received its charter as a city in 1897. Following local government reform in 1974, city status was bestowed upon the wder metropolitan borough The school is situated on a ten-acre site in several large Victorian premises built in 1854. The site houses several buildings which are used for èducation and boarding. The school was opened in 1992. Governing Document The trLtst is an unincorporated trust. constituted under a trust deed dated 12 June 1992 as amended by scheme dated 11 August 2021 and is a registered charity, number 1012357. The trust was established to promote the advancement of education and the advancement of Islamic faith particularly by establishing and operating an institution. Page 3
JAAMIATUL IMAAM MUHAMMAD ZAKARIA MUHAIIR MADANI REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2024 Appolntmenl of Trustees The trustees are appolnted by the Board of Trustees. The trust deed provides for S trustees. The Principal for thè time being of the institution if not olherntse a trustee shall be an additional Irustee ex-officio. The power of appointment of trustees is vested in the continuing trustees (excluding any retiring trustees). The appointment of teachers. administrators and other people required for the running of the Instilution is the responsibillty of the Principal. The trustees have responsibility for appointing a Principal. Inductlon of Trustees Thère are internal procedures for induction and training of new trustees in place. However. Trustees are encour8ged to attend exlemal briefings and training courses too. All trustees undergo formal training in Safeguarding, Health & Safety and other relevant training. Trustee meetings are held 3 times a year to review and agree major areas of policy. Rlsk Assessment The trustees have examined the major strategic, business and operational risks which the charity faces and confirm that systems have been eslablished to enable re9ular reports to be produced so that the necèssary sleps can be laken to reduce anfJ manage these risks. Compllance The school me6t5 the Schedule to the Education (Independent School Standards) Regulations 2014 and associated requirements. In addltion, Ihe school meets the National Minimum Standards for Boarding Schools. Statement of trust•es' responslbllltles The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom G6nerally Accepted Accounting Practice) including Financial Reporting Slandard 102 "The Financial Reporting Stsndard applicable In the UK and Republic of Ireland" The law applicable to charblies in England and Wal85, tha Charities Act 2011. Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed requires the Iruslees lo prepare financial statements for each financial year which give a true and fair view of the slate of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to selecl suitable accounting policies and then apply Ihem consistently; observe the methods and principles in the Charity SORP., make judgemenis and eslimates that are reasonable and prudent., state whelher applicable accounting standards have been followed, subject to any material departures disc1050d and explained in the financial statements- prepare the financial statements on the going concern basis unless it is inappropriate to presume Ihat Ihe charity will continue in business. The trustees are responsible for keeping proper accounting records which disdose wllh reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charilies Act 2011, Ihe Charily (Accounts and Reports) Regulations 2008 and the provisions of the Irust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the board of trustees on .. Z4 1 L./..zs and signed on its behalf by: Shokat Dadhiwala - Trustee Page 4
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF JAAMIATUL IMAAM MUHAMMAD ZAKARIA MUHAJIR MADANI Opinlon We have audited the financial statements of Jaamiatul Imaam Muhammad Zakaria Muhajir Madani {the 'charity'l for the year ended 31 August 2024 which comprise the Statement of Financial Activities. the Statement of Financial Position. the Statement of Cash Flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practi1. including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland,. In our opinion the financial statements.. give a true and fair view of the state of the charity's affairs as at 31 August 2024 and of its incoming resources and application of resour$, for the year then ended., have been properly prepared in accordance with United lfjngdom Generally A¢¢epted Accounting Practice. including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland,: and have been prepared in accordance with the requirements of the Charities Act 2011. Basls for opinion We conducted our audit in aCrdan with International Standards on Auditing {UKI (ISAS {UKI) and applicable law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have oblained is sufficient and appropriate to provide a basis for our opinion. Con¢lusion$ relating to golng ¢on¢ern In auditing the financial statements, we have concluded that the trustees. use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed. we have not identified any material uncertainties relating to events or conditions Ihat, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least e1ve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this reporL Other information The trustees are responsible for the other information. The other information comprises the infr)miation included in the Annual Report. other than the financial statements and our Report of the Independent Auditors thereon. Our opinion on the financial slatements does not cover the other information and. except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements. our responsibility is to read the other infomiation and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially rnisstated. If we identify such material inconsistencies or apparent material misstatements. we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If. based on the work we have perfomied. we conclude that there is a material misststement of this other information, we are qUired to report that fact. We have nothing to report in this regard. Matters on which we are required to report by exception We have nothing to report in respect of the following matters where the Charities {Accounts and Reports) Regulations 2008 requires us to report to you if. in our opinion.. the information given in the Report ol the Trustees is inconsistent in any material respect with the finanaal statements.. or sufficient accounting records have not been kept-, or the financial statements are not in agreement with the accounting records and returns,. or we have not received all the information and explanations we require for our audit. Responslbllitiès of trustees As explained more fully in the Statement of TTUStees' Responsibilities, the trustees are responsible for the preparation of the financial ststements which give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement. whether due to fraud or error. Page 5
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF JAAMIATUL IMAAM MUHAMMAD ZAKARIA MUHAJIR MADANI In preparing the financial statemenls, the trustees a responsible for assessing the ¢harity's ability to continue as a going concern, disclosing, as applicable. matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so. Our responsibilities for the audlt of the financial statements We have been appointed as auditors under Section 144 of the Charib'es Act 2011 and report in accordance with the Act and relevant regulalions made or hamng effect thereunder. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement. whether due to fraud or error. and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if. individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. The extent to which our procedures are capable of delecting irregularities, including fraud is detailed below.. -the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations- we identified the laws and regulations applicable to the charity through discussions with Irustees and other management. and from our commercial knowledge and experience of the sector., we focused on specific laws and regulations which we considered may have a direct material effect on the financial slalements or the operations of the charity. including taxation legislation, dala protection, anti-bribery, employment, environmentsl and health and safety legislation., -we assessed the e*(ent of Compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence.. and -identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit. We assessed the susceptibility of the charity's financial statements to material misstatement, including obtaining an understanding of how fraud might occur. by.. -making enquiries of management as to where they considered there was susceptibility lo fraud, their knowledge of actual. suspected and alleged fraud-, -considering the internal controls in place to mitigate risks of fraud and non<ompliance wlh laws and regulations., To address the risk of fraud through management bias and override of controls. we.. -performed analytical procedures to identify any unusual or unexpected relationships., -tested journal entries to identify unusual transactions., -assessed whether judgements and assumptions made in determining whether the accounting estimates were indicative of potential bias., -investigated the rationale behind signifjcant or unusual transactions-, and A further description of our responsibilities for the audit of the financial statements is locatsd on the Financial Reporting Council's website at www.frc.org.uklauditorsresponsibilities. This description foms part of our Report of the Independent Auditors. Use of our report This report is made solely to the charity's trustees, as a body, in accordan with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work ha5 been undertaken so that we might state to the charity's trustees those matters we are required to slate to them in an auditOTS' report and for no other purpose. To Ihe fullest extent pemiitted by law. we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body. for our audit work, for this report, or for the opinions we have formed. Xeinadin Audit Ltd (Statutory Auditor) Ground Floor Citygate Longridge Rd Preston PR2 5BQ Date.. Page 6
JAAMIATUL IMAAM MUHAMMAD ZAKARIA MUHAJIR MADANI STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2024 2024 Unrestricted funds 2023 Totsl funds Notes Income and endowments from Donations and legacies 1.586.351 1,779.942 Other income 6.027 Total 1,592.378 1.779,942 Expenditure on Charitable a¢tlvities Charitable actiwlies 1.685,049 1,714.712 NET INCOMEI(EXPENDITURE) 192.6711 65.230 Reconciliation of funds Total fijnds brought forward 5,612,424 5.S47.194 Total funds Carried forward 5.519.753 5.612,424 The notes form part of these financial statements Page 7
JAAMIATUL IMAAM MUHAMMAD ZAKARIA MUHAJIR MADANI STATEMENT OF FINANCIAL POSITION 31 AUGUST 2024 2024 Unrestricted funds 2023 Total funds Notes Fixed assots Tangible assets 5,562.912 5.582.705 Currènt assets Debtors Cash at bank and in hand 10 35.671 76.284 56.704 57.786 111.955 114.490 Credltors Amounts falling due within one year 11 (155,114) {84,771) Net current assets (43,159) 29,719 Total assets less Current Ilabllltles 5,519,753 5,612,424 NET ASSETS 5,519,753 5,612.424 Funds Unrestricted funds 12 5,519.753 5,612,424 Total funds 5,519.753 5.612,424 The finan ial statements were approved by the Board of Trustees and authorised for issue and were signed on its behalf by: on Shokat Dadhiwala - Truslee ismail Mohammad Sae6d Raja - Tnjstee The notes form part of these financial statements Page 8
JAAMIATUL IMAAM MUHAMMAD ZAKARIA MUHAJIR MADANI STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2024 2024 2023 Notes Cash flows from operating activities Cash generated from operations 144.474 176,445 Net cash provided by operating activities 144.474 176,445 Cash flow$ from investing activitles Purchase of tangible fixed assets 1125.976} {244,0261 Net cash used in investing activities (125.976) 1244,026) Change in cash and cash equivalents in the reporting period Cash and cash equivalents atthe beginning of the reporting period 18,498 (67.581) 57.786 125,367 Cash and cash equivalents at the end of the portIng period 76,284 57,786 The notes form part of these financial statements Page 9
JAAMIATUL IMAAM MUHAMMAD ZAKARIA MUHAJIR MADANI NOTES TO THE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2024 Reconciliatlon of net {expenditure)lincome to net cash flow from operating a¢tivities 2024 2023 Net (expenditure)lincome for the reportlng period {as per the Statement of Flnan¢ial Activities) Adjustments for: Depreciation charges Donation in kind Decreasel{increasel in debtors Increaselldecreasel in creditors {92,671) 65.230 148,766 13.0001 21,036 70.343 159,715 {5,105} 143,395} Net cash provided by operations 144,474 176,445 Analysis of ¢hanges in net funds At 1.9.23 Cash flow At 31.8.24 Net cash Cash at bank and in hand 57,786 18,498 76,284 57,786 18,498 76,284 Total 57,786 18,498 76.284 The notes form part of these financial statements Page 10
JAAMIATUL IMAAM MUHAMMAD ZAKARIA MUHAJIR MADANI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Accounting policies Basis of preparing the financial statements The financial statements of the charity. which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP IFRS 1021 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191,, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland. and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. Income All incoming resources are included in the statemenl of financial activities when entitlement has passed to the charity.. it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income.. Income from school fees represents fees eamed in respect of the provision of education to pupils during the year. Fees for education to be provided in future years are carried fonmard as deferred income in the balance sheet. Income donations or from grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. Income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably. in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. Expenditure Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is tlassified under headings of the statement of financial activities to which it relates.. expenditure on raising funds includes the costs of all fundraising activities, events. non-charitable trading activities. and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that fvrther its charitable aims for the benefst of its beneficiaries. including those support costs and costs relating to the governance of the charity apportioned to charitable activities. All costs are allocated to expenditure categories reflecting the use of the resour. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned betren Ihe activities thèy contribute to on a reasonable, justifiable and consistent basis. Tangible fixed assets Depreciation is provided at the following annual rates in order Io WTite off each asset over its estimated useful Freehold propety - Straight line over 50 years Plant and machinery- 250/0 on reducing balance Fixtures and fittings - 25,10 on reducing balance Motor vehicles - 25% on reducing balance Taxatlon The charity is exempt from tax on ils charitable activitie5. 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 fvnd is included in the notes to the financial statements. Pension costs and other post-retlroment benefits The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statemenl of Financial Activities in the period to which they relate. Page 11 continued...
JAAMIATUL IMAAM MUHAMMAD ZAKARIA MUHAJIR MADANI NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2024 A¢¢ounting policies contlnued Financial instruments The charity only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at amortised cosl. Financial assels held at amortised cost comprise cash and bank in hand, trade debtors and other debtors. A specific provision is made for debts for which recoverability is in doubt. Financial liabilities held at amortised cost comprise all creditors except social security and other tsxes. Donatlons and legacies 2024 2023 Donations Fee income 275,604 1.310.747 325.080 1,454,862 1.586,351 1,779,942 Charltsblo activities costs Support ¢0$ts1$ge note 4) Direct Costs Totsls Charitsble activities 571,094 1,113.955 1.685.049 Support costs Governance costs Management Other Tolals Charitable activities 1.080,510 18,938 14.507 1.113,955 Support costs, included in the above. are as follows.. Management 2024 Charltsble activities 2023 Total activities Wages Rates and water Insurance Light and heat Telephone Postage and stationery Repair and renewals Cleaning Canteen Depreciation of tangible and heritage assets 191,910 92,119 8,795 197,693 3.133 120,969 66.250 28,719 222.156 148.766 154.837 79.411 8.230 425.483 2.014 99.764 25,784 16.939 223.757 159.715 1,080.510 1.195.934 Page 12 continued...
JAAMIATUL IMAAM MUHAMMAD ZAKARIA MUHAJIR MADANI NOTES TO THE FINANCIAL STATEMENTS - conlinugd FOR THE YEAR ENDED 31 AUGUST 2024 Support Costs - continued Other 2024 Charitable activities 2023 Totsl activities Motor & travel expenses 18,938 18.292 Governance costs 2024 Charitable activities 2023 Total actlvitles Auditors. remuneralion Accountancy and legal fees 4,309 10.198 3,883 6,296 14.507 10,179 Auditors. remuneration 2024 2023 Fees payable to the charity's auditors for the audit of the charity's financial statements 4.309 3,883 Trustees. remuneration and benefits There were no trustees, remuneration or other benefits for the year ended 31 August 2024 nor for the year ended 31 August 2023. Mr Ismail Mohammed Saeed Raja was paid £19,738 for his role as principal 12023.. £17,988). Trustees. expenses There were no trustees, expenses paid for the year ended 31 August 2024 nor for the year ended 31 August 2023. Staff costs 2024 2023 Wages and salaries Social security costs Other pension costs 747.303 14.690 1,011 637.805 6,PAO 699 763.004 645,144 The average monthly number of employees during the year was as follows.. 2024 66 21 2023 60 20 Teaching Admin 87 80 No employees received emoluments in 8xcess of £60,000. The key management personnel of the charity comprise the Trustees. The total employee benefits of the k8y management personnel ofthe charity were £19,738 (2023.. £17.9881. Page 13 continued...
JAAMIATUL IMAAM MUHAMMAD ZAKARIA MUHAJIR MADANI NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 AUGUST 2024 Cornparatives for the Staternent of financial activities Unrestrlcted funds Income and endowments from Donations and legacies 1,779,942 Expenditure on Charitsble activities Charitable activities 1,714,712 NET INCOME 65.230 Reconcillation of funds Total funds brought forward 5.547.194 Totsl funds carried forward 5.612.424 Tangible flxed assets Flxtures and fittings Freehold property Plant and machinery Motor vehicles Totals Cost At 1 September 2023 Additions 5,998,027 87.107 718.945 22.023 398,314 16.846 9.000 3.000 7.124.286 128.976 At 31 August 2024 6,085.134 740,968 415,160 12.000 7.253.262 Depre¢iation At 1 September 2023 Charge for year 686,476 71,074 500,125 60,211 348,990 16,543 5.990 941 1.541.581 148,769 At 31 August 2024 757,550 560.336 365,533 6.931 1,690,350 Net book value At 31 August 2024 5.327.584 180.632 49.627 5.069 5,562,912 At 31 August 2023 5,311.551 218.620 49,324 3,010 5,582,705 10. Debtors: amounts falling due within one year 2024 2023 Trade debtors Prepayments 18,928 16,743 43,083 13,621 35,671 56,704 Page 14 continued...
JAAMIATUL IMAAM MUHAMMAD ZAKARIA MUHAJIR MADANI NOTES TO THE FINANCIAL STATEMENTS- ¢ontlnued FOR THE YEAR ENDED 31 AUGUST 2024 11. Creditors: amounts falling due within one year 2024 2023 Trade creditors Taxation and social security other creditors 36.047 2,036 117.031 19,524 34.078 31,169 155.114 84.771 12. Movèment in funds Net movement in funds At 31.8.24 At 1.9.23 Unrestricted funds Unrestricted funds 5,612.424 192,671) 5,519,753 TOTAL FUNDS 5.612.424 {92,6711 5.519.753 Net movement in funds, included in the above are as follows.. Incoming resources Resources oxpended Movement in funds Unrestricted funds Unrestricted fijnds 1,592,378 11.685,0491 (92,8711 TOTAL FUNDS 1,592.378 11.685.049) {92,6711 Comparatives for movement in funds Net movement in funds At 31.8.23 At 1.9.22 Unrestricted funds Unrestricted fund5 5,547,194 65,230 5.612,424 TOTAL FUNDS 5.547,194 65,230 5.612.424 Comparative net movement in funds. included in the above are as follows.. Incoming resources Resour¢oS expended Movement in funds Unrestricted funds Unrestricted funds 1,779,942 11.714.712) 65,230 TOTAL FUNDS 1.779.942 11.714,7121 65,230 Page 15 continued...
JAAMIATUL IMAAM MUHAMMAD ZAKARIA MUHAJIR MADANI NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2024 13. Related party disclosures Except for the remuneration paid to Mr. Ismail Mohammed Saeed Raja, as disclosed in note 6, there were no related party transactions for the year ended 31 August 2024 Page 16