REGISTERED CHARrfY NUMBER: 1041254 TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2024 FOR DARUL ULOOM LEICESTER Wat￿gateS Ltd 109 Coleman Road Leicester LE5 4LE DARUL ULOOM LEICESTER copirEKfs OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2024 Page 1 to 5 Independent Examlnarfs Report Statement of Financial Activities StateThnt of Financlal Position Statement of Cash Flows Notes to the Statement of &3sh Flows 10 Notes to the Financial S&*ments 11 to 17 DARUL ULOOM LEICESTER FOR THE YEAR ENDED 31ST AUGiisf 2024 The trustees wesent their report wilh the financial statements of the (*arity for the ￿ ended 31st August 2024. The trustees have adopted the twovisions of Accounting and Reporting by Charities: Stalemenl of RecoMM￿e￿ Praclice appI￿able to charities prep￿ing their accounts in accordance with the FinatKial Reporting Standard appli(xble in the UK a￿1 Republic of Ireland (FRS 102) (effective 1 January 2019). OBJECTIVES AND ACTnirriES Objectives and ams The Chwity provides education for children from the age of 11 years and over in aC￿)rdan￿ with the Nalional cUrr￿ulum. Et also provides further Islamic education. the Hifz course {Mem0ri&31ion of the Noble Qurfan) and Ilmiyyah ￿￿rse (seven-jpar intensive Islamic course covering a wide spectrum of topics). The sclKM)I's vision is to nurture Self-￿peCt and raise the self*steem of its students. enabling them to integrate sUc￿SfUlty in our mUlti(￿ltural society, without compromising their Islamic beliefs and values. The Charity provides educatw)nal advancemenl, induding the wovision of boardiro andlor day sthooling fi children. It is our policy to attain highest academic levels as well as providing an extra-curricular programme which aims to develop lrfe-long leisure inlerests and help build Self-confKIen￿ arnl a desire to contribute to ts communty. The sthool provide education of high standard arKI nurture studalts are responsible individuals 8nd cilizen5. The charitys activittes are dedicated to students. academic. spiriiual. moral. socia. and culiural development. and the chanty considers the ddivery and su(￿sS of these activities to be for the benefit. The sch(KJl is committ￿1 to safeguarding and [KomOti￿ the ￿1[are of our pupils and expects all staff and volunteers to Sha￿ this commitmenL Pa￿ntS are given regular infomialion about their children's social and a(2demic progress through parent evenings in addilion to the end of term and end of year rep(￿ts. School )[￿lOn Statement To provide a Well-r￿nded leaming experience for students to acquire Islamic and Academic k￿￿edge. nurturing them to be a positive influence and becoming inspiring leaders of tomorrow. School Values The charitrfs activities are dedicated to students. a(%demic, spiritual. moral. social. and cultural developmen( and the charity considers the success of tlw activilies to be for the public benefft. DARUL VLOOM LEICESTER TRUSTEES. REPORT FOR THE YEAR ENDED 31ST AUGUST 2024 ACHIEVEMEKf AND PERFORMANCE Charitable actlvllles The trustees believe that there is always room for improvement in tenns of the perf0mla￿e1educatIOn slandard of the school. Darul Uloom will strive to ensure the school in all its deparlments: secular education. Hifz (memorisalion of the Qu'ran) and Islamic Theology Course, consistenlly improve to enhance the learning and spiritual wellbeing of its students. This year Darul Uloom achieved the followng results in its GCSES. - The GCSE grades for 2024 were as follows: - Grade 94 - English & Maths = 69% - Grade ￿ - English & Maths - 31 % - Entered for EBacc: 77% - Achieving grade 4 or alK>ve in EBa￿. 50% - Ad)ieving grade 5 or alx)ve in EBacc: 20% This year several students completed their Hifz Alimiyyah studies, some of the Hitz students then joined to the Ilmiyyah course and othets have left to pursue further studies at college or university. This year a total of 7 students graduated from the Alimiyyah programme and have gone onto serving their communty. Communty Cohesion and Collaborative Work At Darul Uloom, we have alwayB promoted respecl for people beloTrJing to all faiths and culiure. We are pleased that Ihe school continues to effectively wilh the local community. We th wilh other l(Kal charities in volunteering and providing food al the f(x)d bank. We held one Communty Fund Raising Event. The events were organised by the schcx)I council and staff. Money raised for Darul Uloom Renovation Project and to support various other dwilies. FINANCIAL REVIEW Financlal posttlon and Contoxl The charity faced a number of financial pressures during the year, resulting in a defiot by yew*nd. A key contritKrtor to this was the increase in staffing costs. driven by statutory rises in the National Minimum Wage and the need to reixuit addit#)nal staff to SUpp￿t the growth in student numbers and maintain the qualty of provision across all areas of the school. Alongside staffing costs. the charity also experienced increases in the cost of essential goods, utlibes. and services. placing furth￿ strain on resources. Despite these pressures, the Trustees remained committed to maintaining high standards of education and care, and wttinued to invest in both staffing and f&ilities to Sup[￿ the student experience. As a result. the charilrfs financial FK)silion at ypar*nd refiects some short-term challenges. including reliance on repaydble loans and a tightening of thing capital. The Trustees ackn￿edge that these are areas of concem and continue to moniior cash flow and liabilities closety To suppcfft financial sustainability, a m(MJest increase in parental contributions Wds intrcyjuwl, follwng consulialion with stakeholders and based on recommendalions from the Govertkn￿ Senior Le￿]ership Team. In parallel, the Trust continues to seek additional funding through donations, grants, and fundraising initiatives. NMth a particular focus on capital improvements and strategic development While the financial environment remains ￿llengi￿J, the Trustees are (￿nfIdent that the actions being laken will help strengthen the charitys KM)sition in the coming years. The organI&￿10n remains committed to its mission. and to managing r&8ources responsibly to ensure the continued delivery of hig￿qual￿, affordable education. DARUL ULOOM LEICESTER TRUSTEES. REPORT FOR THE YEAR ENDED 31ST AUGUST 2024 FINANCIAL REVIEW Principal funding sources The principal source of funding remains parental contributions. fees. folloN%ed by donations and income from itKlividuals and organisations. This income has enabled the charity to continue delivering high-qualty education. Finan(xal assistance is offered IF￿oUgh schoknhips to students from families Wt￿ would otherwise be unable to meet fee obligalions. Capital Projects and FundraisitwJ The Trust conlinues to raise funds for the secorKI and third phases of the school's renovation proiecL Funding is being sought through donations. as well as both long-temi and sh￿-tem1 borrowing. These developments are part of a strategic plan to improve facilities and Se￿re the long-tem viability of the sch(K)l. Reserves policy Unrestricted General Reserves The charity aims to maintain suffKiert unrestricted furKls to SUp￿rt ￿oing projects and ensure a small surplus. This erk3bles the organisalion to respond flexibly to opportunities for expansion or to cover unexpected costs without disruption to service delivery. Where possitAe. aclivities are offered at minimal or no cost to benef￿lar1eS. The charity also continues to raise fvnds to support the refurbishment of its premises. While Mai￿ ￿)rkS will commence On￿ a reliable contractor is secured. smaller renovation projects are being carried out on an ongoing basis to maintain standards. restricted funds relate to zakat donations received which are used for eligible students as soon as possible and not intended to IM)Id any surpluses for longer than needed. Going concern The Trustees have reviewed forecasts of cash flows and student enrolment figures, and have ￿nsidered budgel projections at least the 12-month period following the approval of these financial statements. part of this review. the Trustees. in collaborati￿7 with the Senior Leadership Team. have taken into account the ongoirKJ impact of the cost-of4iving crisis. Particular consideration has been given to the fact that the school's financial sustainabllty 15 reliant on the timely payment of fees by families who may be experi￿ng increasing financial pressures. Looking ahead to the nEyN financial year. the anticipated Implementation of VAT on sch(M)I fees is expected to place an additional burden on parents, making it more drfficult for many to meet their fee obligat￿. This also presents signtr￿ant limitations f(Y the school in temis of increasing fees to meet rising operational costs. In response to these challenges, the school has begun implementing cost-saving measures and has adopted a more flexible approach to fee colleclion in order to SUpp￿t families during this period. Should future cash flow projeclions indicate potential shortfalls. the charity is prepared to undertake additw)nal fundraising efforts, working alongside its Trustees and other key supporters to secure the necessary funding. DARUL ULOOM LEICESTER TRUSTEES. REPORT FOR THE YEAR ENDED 31ST AUGUST 2024 FUTURE PLANS The Trustees ￿maIn committed to a f(Kward-thinking strategy that balances ambition wilh affordabilty, ensuring that ts school (x)ntinues to grow in a suslainable manner. A central focus is the enhancement of the school's infrastructure to meet tx)th (￿rrent needs and futu￿ aspirations. As part of this commitment. Trustees. Govemors. and the Senior Leadership Team are actively wogressing with Phase of the sctK)ol's long-temi renovation and development. For many years. the Darul Uloom has operated at or near capacity. unable to meet increasing demand due to the physical limitations of its existi￿ site. The lad( of Spa￿ has constrained Ihe school's abilty to admit additional students and to develop new leamiThJ environmerrts. However. the purchase of the prop￿ at 115 Loughborough Road. along th the commencement of extensive rerK)vation work. marks a transfonnalive step forward. These developments will allow the school to signif￿ndY increase sludent capacity and enhance the overall educational provision. In the short to medium term. the Trustees have identified the followng rKi(￿lty capital projects. each of which is desig￿1 to supwt the long-term mission and growih of the institution: - Renovalion of 117.5 Loughborough Road (formerly the RAFA building): This project will convert the Iwilding into a modem leaming faciltyfeaturing six spacI￿S, modem dassrooms. In addition, dedicated science and IT lat)oratories will be created to support a more diverse and enriched currKulum, ensuring students have access to practical and technologicalty advanced leaming environments. - Landscaping and development of extemal grounds: A full landscaping plan will be implemented across the school site to improve the safety. accessibilty, and usabilty of outdcx)r aTras. This will indude the crealion of improved walkways, and (Krtd(x)r recreational areas. fostering both physical wellbeing and a posibve leaming atrnosphere. - Extension and refurbishment of studenl accommodation: With increasing studenl numbers, Ihere is a pressing need to improve and expand boarding facilities. This prOj￿t will mcKlemise existing accommodation and add new capacty, with the aim of creating a safe, comfortable. and supportNe residential environment conducive to both academic and personal development. - Renovation of the kitchen. dining facilities, and prw area: The current kitchen and dining areas will be redesigned and upgraded to support a lar￿ student body and to imwove mealtime eff￿￿ and hygiene standards. In parallel. the tffayer area will be expanded and enhanced to accommodate the spiriiual needs of students and staff in a more indusive and spacious setling. These projects rdect the Trustees, vision of a high-qualty. holistic edu&3tvJnal experience grounded in both academic excellen￿ and Islamic values. The successful delivery of ttrEse plans will depend on Ixreful finan(#al management. continued fundraising. and dose collaboralion with stakeholders. srRUCTURE. GOVERNANCE AND MANAGEME￿[ Governing document The charity is corrtrolled by ils goveming documenL a deed of trust and cortstitutes an unincortK)rated charity. This is an uninc0rt￿ted Charty. constiiuied by Trust Deed and registered wilh the Charity Commission under charity number 1041254. This is bound by the D*1 of D￿laratiOn of Trust of Darul Uloom Leicester. The trustees are responsible for the general control and management of the charity. The charty trustees are responsible for all decision taken in relation to the overall control and management of the charity. The operalional management of the charity is delegated to the senior leadership team, who are answerable to ttr Board of Trustees. have had sight and also have due regard to the guidance issued by the Ckhgrity Commission on Public Benefrt. DARUL ULOOM LEICESTER FOR THE YEAR ENDED 31ST AUGUST 2024 STRUCTURE. GOVERNANCE AND MANAGEMEKr Recruitinent and appointment of tn￿tee5 Al trustee5 are involved in any selection process that takes place and a vote amongst the trustees is conducted to appoint any positions within the organisalion. Organisational structure The board of lJustees of the charity are responsible for the charivs strategic direction. The board of trustees meet on a termly basis to discuss the aclivilies of the charity. The IK>ard of trustees are SUPFK)rted through the aKJ of volunteers who manage the daity running of the charity. The truslees have assessed the major risks to which the charity is exwsed and are satisfied that systems are in place to mitigate exwre to the major risks. The lJuste8s acknowledge their responsibilty to manage the risks faced by the charity. They have identified and given due consmleralion to the risks to Nthich the d￿rity may be exposed and are &￿iSfied that systems are in pkn lo miligate exposure to those risks. The prirKipal risks being a signifKantly reduced student intake which would directly impact on fee income. the sthool buildings becoming uninhabilable (e.g., due to damage) and fraud and error. These risks can be managed through a concerted programme of media erlisir4J to attract students to ts schools. Regular ir¥Jependent fire and risk assessments are carried out of the p￿rniseS and a disaster recovw ttsi is in place in the event ts buildings are unavailable so that tuilion can continue etsewhere. Appropriate financial controls and reporting SyEtems are in pJ&e to provide reasonable assurarKe against fraud and error. REFERENCE AND ADMINISTRATIVE DEfAILS Registered Charity number 1041254 Principal address 119 Loughborough Road LE4 5LR Tntstees MrlAPatd MrAPat Mr A M Gheewala Dr M A Makadam Mr l O Sheikh Mr M A Hansrot MrHYMusa Independent Examiner Watergates Ltd 109 Coleman Road Leicester LE5 4LE Approved by order of the board of trustees on 26th June 2025 and signed on its behalf by: Mr l A Patel - Trustee INDEPENDEKf EXAMINER'S REPOltr TO THE TRUSTEES OF DARUL ULOOM LEICESTER Independent examIne￿S report to the trustees of Darnl Uloom Leicester I re[￿ to the charity truslees on my examination of the a(wunts of Darul Uloom LeKester {the Trust) for the year ended 31st August 2024. Responsibilities and basis of report As the charity trustees of the Trust Y￿ are responsible for the preparation of the ￿A)Unts in accordan￿ with the requirements of the Charities Act 2011 (Ihe Acr). I rep(￿t in respect of my examination of Ihe Trusvs accounts carried out under Section 145 of the Act and in carrying out my examination I have follo￿*d all appli(xble Directions gNen by Ihe Charty Commission under Seclion 145(5Xb) of the Act. Indopendent examlnerfs statement Since your charitrfs gross income exceeded £250,0(Y) your examiner must be a member of a listed l￿dy. I can confirm that l am qualiF*d to undertake the e￿aminatIon because l am a member of the Assooaion of Chartered Cerlified Accountants. which is one of the listed bodies. I have completed my examination. I confimi that rKI material matters have come to my attention in conneclion with the examination giving me (xuse to bejieve that in any material respect: accounting records were nol kepl in respect of the Trust as required by Section 130 of the ACL" or the accounts do not a(xord with those records". or the accounts do not comply with the appli(able requirements con￿mIng the form and conterrt of accounts set out in the Charilies (ACc￿nts and Reports) Regulations 2008 other than any requirement thal the accounts give a true aThJ fair view which is a matier considered as part of an indepeThJent examinalion. I have no concems and have come across Th) other matters in ￿￿neCtion wth the examinalion to which attention strM)uld be drawn in this report in order to enable a proper understanding of the ￿)Unts to be reached. Na￿ Malida FCCA 109 Cdeman Road Leicest LE5 4LE 26th June 2025 DARUL ULOOM LEICESTER STATEMENT OF FINANCIAL ACTMTIES FOR THE YEAR ENDED 31ST AUGusf 2024 3118124 3118123 Total fvnds funds funds INCOME AND ENDOWMEKfs FROM Donations and legacies 215.907 224847 382,642 charitab￿ actfvities Educati 533.375 533.375 509,109 Other income 10,000 749282 759.222 901.751 EXPENDrruRE ON Charitable activities Education 807.044 29210 836.254 766,288 NEf INCOMEI(ELVENDrfuRE) (57.762) (19270) (TT,032) 135.463 RECONCILIATION OF FIJNDS Total funds brought foThYard 1,567,128 23.650 1.590,778 1.455.315 TOTAL FUNDS CARRIED FORWARD 1.509.366 4380 1.513.746 1.5￿.778 The r¥Jtes on page O fonn part of these financial stalen￿ts DARUL ULOOM LEICESTER STATEMETr¥f OF FINANCIAL POSITION 31ST AUGUST 2024 3118124 3118123 Totsl funds nds funds funds Notes FIXED ASSErs Tangible assets 1.989.633 1.989.633 1.764.149 CURREKf ASSErs Debtors Cash at bank and in hand 10 47.572 181.126 47.572 185.506 98,331 357,890 4.380 4380 233.078 456.221 CREDITORS Amounts falling due within one ￿ar 11 (708.965) (708.965) (629,592) NEf CURRENT ASSErs (480,267) (475,88n (173.371) TOTAL ASSEfs LESS CURRENT LIABILrriES 1.509,366 1.513.746 1.5￿.778 NET ASSErs 1.509.366 4280 1.513,746 1.5￿.778 FUNDS Unrestricted funds Restricted funds 13 1,509.366 4380 1.567.128 23,650 TOTAL FUNDS 1.513.746 1.590,778 The finandal statements were apwoved by the Board of Trustees and aulhorised for issue on 26th June 2025 and were signed on its behaf by: Mr l A Patel - Trustee Tha notes on page O fonn part of these financial statements s[ATEME￿r OF CASH FLOWS FOR THE YEAR ENDED 31ST AUGUST 2024 3118124 3118123 Cash flows from operating actlvllles Cash generated from Op￿alOnS 34629 199.791 Net cash provided by operating activities 199.791 Cash Ilows from Investing activities Purchase of tangible fixed assets (274013) (175,193) Net cash used in invesling aclivilies {274013) (175.193) Cash flows from financing activltles New loans in year Loan repayments in the year Loan converted to donalions 158.000 (91,000) (1,000) 9.000 (121,000) (150,602) Net cash provided byl(used in) financing activit 6&000 (262.602) Change in cash and cash •quivalents in the reporting perlod Cash and cash equival•nts at the beginning of the reportlng period (172.384) (238,004) 357.890 595,894 Cash and cash aquivalents at the end of the reporting perlod 185.506 357.890 The notes on page O forni part of these financi81 sL*enEnts DARUL ULOOM LEICESTER NOTES TO THE STATEMETrif OF CASH FLOWS FOR THE YEAR ENDED 31ST AUGUST 2024 RECONCILIATION OF NEf (EXPENDrruREyINCOME TO NEf CASH FLOW FROM OPERATING ACTMTIES 3118124 3118r23 Net (expenditure)fincome for the reporting period (as per the Statement of Financial Activities) Adjustments for: Depreuation charges Decreasel(incxease) in debtors Increase in creditors (77.032) 135.463 43,743 {21,819) 42.404 50.759 13A73 Net &ish provided by operntions 199.791 ANALYSIS OF CHANGES IN NEf DEBT At 1A.23 Cash Ilow At 31.824 Nat cash Cash at bank and in hand 357.890 (172.384) 185.506 357,890 (172.384) 185.506 Debts falling due within 1 year (399,000) (66.000) (465.000) (399,000) (6fj000) (465.000) Total (41.110) (238,384) (279.494) The noles on page O form part of these financial stalements DARUL ULOOM LEICESTER NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST 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 accordan￿ with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practi￿ appli(3ble lo charities preparing their accounts in accordance vAth the Financia Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019),, 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 wepared under the historical cost convention. INCOME All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. EXPENDITURE Liabilities are recognised as expenditure as soon as there is a legai or constructive obligation committing the charity to that expenditure, il is probable that a transfer of economic beneffts will be required in settlement and the amount of the obligalion can be measured reliably. Expenditure is accounted for on an accruals basis and has been dassified under headings that aggregate all cost related to the category. Where costs canrK)t be directy attributed to particular headings they have been allocated to activities on a basis consistenl wth the use of. resources. TANGIBLE FIXED ASSErs Depreciation is provided at the followir@ annual rates in order to ￿lte off each asset over its estimated useful lrfe. Freehold propety Equipment. Fixtures & fittings Motor vehides at varying rates on CA)sI 15% on cost 15% on cost TAXATION The charity is exempt from tax on its charitable activitses. FUND ACCOUNTING Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricled funds can only be used for particular restricled purposes within the objects of the charity. Restriclions arise when specified by the donor or Nthen funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fvnd is induded in the notes to the financial st*ments. HIRE PURCHASE AND LEASING COMMrrMENTS Rentals paid under operating leases are charged to the Statement of Financial Activities on a straigm line basis over the period of the lease. PENSION COSTS AND OTHER POST41ETIREMENT BENEFITS The charity operates a defined contribution pension scheme. Contributions payable to the charitys pension stheme are charged to the Statement of Financial Activities in the period to which tlw relate. -11- DARUL ULOOM LEICESTER NOTES TO THE FINANCIAL STATEMEKfs- contlnued FOR THE YEAR ENDED 31ST AUGUST 2024 DONATIONS AND LEGACIES 3118124 3118123 Donations Gift aid 217.699 8,148 361.965 20.677 225,847 382.642 INCOME FROM CHARrrABLE ACTNMES 3118124 3118123 Activlty Educalion 533.375 509.109 CHARrrABLE ACTNMES COSTS note 5) Tolals Education 833,768 836254 SUPPORT cosrs Education TRUSTEES. REMUNERATION AND BENEFrrs Induded in the wages (J)sts is £16.647 (2023: £14.943) whith rdates to wages paid to Mr l A Patel a Trustee. KKovides teaching and other ￿lated services. TRUSTEES. EXPENSES There ￿ere no trustees. expen￿ paid kn the year end￿ 31st August 2024 nor for the yEar ended 31 st August 2023. STAFF COSTS 3118124 3118123 Wages and salaries Social se(￿rity costs Other pension cosls 524,586 19 2.149 479.925 14,664 4.077 546,184 498.666 -12- DARUL ULOOM LEICESTER NOTES TO THE FINANCIAL STATEMEpifs. continued FOR THE YEAR ENDED 31ST AUGUST 2024 STAFF COSTS- continued The average monthly number of employees during the year was as follows: 3118124 41 3118123 TeachirKJ staff Administration staff 42 No employees received emoluments in excess of £￿,0(￿). COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcTIV￿lEs funds funds funds INCOME AND ENDOWMENTS FROM Donatw)ns and legacies 367.002 15,640 382,642 Charitable aclivities Education 509.109 509.109 Other irKome lo,0(￿) 10.000 886.111 15,640 1.751 EXPENDrruRE ON Charitable activities EduGation 720,998 45,290 766,288 NEf INCOMEI(EXPENDrruRE) 165.113 (29,650) 135,463 RECONCILIATION OF FUNDS Total funds brought forward 1.402,015 53,300 1.455.315 TOTAL FUNDS CARRIED FORWARD 1.567,128 23,650 1.59),778 -13- DARUL ULOOM LEICESTER NOTES TO THE HNANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31ST AUGUST 2024 TANGIBLE FIXED ASSErs Equipmen( rixtures & fittings Freehold property Motor vehicles Total6 COST At 1st September 2023 Additions 1.980,669 274.013 87.680 1.500 2,069.849 274013 At 31st August 2024 2254.682 87.680 1,500 2.343.8 DEPRECIATION At 1st September 2023 Charge for year 221.775 46.193 83.475 2.111 304700 225 At 31st August 2024 267.968 85.586 675 354229 NEf BOOK VALUE At 31st August 2024 1,986,714 825 1.989.633 At 31 st August 2023 1.758.894 1.050 1.764.149 10. DEBTORS: AMOUNTS FALUNG DUE wrrHIN ONE YEAR 3118124 3118123 Trade debtors Prepayments and accrued income 35.772 11,800 55,160 43.171 47,572 98,331 11. CREDtfoRS: NAiouKrs FALUNG DUE WITHIN ONE YEAR 3118124 3118123 Trade creditors Taxation and social securty Other creditors 57.553 9.827 641.585 39.945 8.892 580,755 708.965 629.592 -14- DARUL ULOOM LEICESTER NOTES TO THE FINANCIAL STATEMEpifs. conlinued FOR THE YEAR ENDED 31st AUGUST 2024 12. LOANS An anal￿18 of the maturity of loans is given below. 3118124 3118123 Amounts falling due within one year on demand: Other loans 13. MOVEMEKf IN FUNDS At 1.9.23 in funds 31.824 Unrestri¢ted funds General fund 1.567,128 {57.762) 1.509.366 R￿trfcted funds (19270) 4380 TOTAL FUNDS 1.590,778 (Tl.032) 1,513.746 movement in funds, induded in the above are as fdlows: Incoming resources expendod in funds Unrestricted fvnds General fund 749.282 (807,044) (51.762) Restricted funds Zakat {29.210) (19.270) TOTAL FUNDS 759,222 (836,254) (77.032) Comparatives for movement in funds At 1.9.22 in ￿ndS 31.823 Unrestricted funds General fund 1.402.015 165,113 1,567,128 Restrlcted funds Zakat 53,300 {29.650) 23,650 TOTAL FUNDS 1.455,315 135,463 1.￿,778 DARUL ULOOM LEICESTER NOTES TO ThE HNANCIAL STATEMENTS. continued FOR THE YEAR ENDED 31ST AUGUST 2024 11 MOVEMENT IN FUNDS- conlinued Comparative net movement in funds. induded in the above are as follows: Incomlng Resources Movement in funds Unresti1d￿ funds General fund 886.111 {720,998) 165.113 Restrictad funds Zakat 15.640 (45.290) (29.650) TOTAL FUNDS 1.751 (766,288) 135.463 A current year 12 months and prior yEar 12 months combined position is as follows: At 1.9.22 in funts 31.8.24 Unrestricted funds General fund 1.402,015 107.351 1.509.366 Restricted funds Zakat (48,920) TOTAL FUNDS 1,455,315 58.431 1.513.746 A current year 12 months and prior year 12 months combined net movement in funds. ir￿lUded in the above are as follow5: Incoming Res