DARUL ULOOM SCHOOL (LONDON) Thistees Report and Accounls for the year ended 31 July 2024 Re8iStered Charity No: 1043305 Pearlman Rose Chartered Accountants Suite I, First Floor Jack Dash House 2 tawn House Close Docklands London E14 9YQ
DARUL ULOOM SCHOOL (LONDON) Infornvatlon Trustees I V A Maljee U H Patel M Khan Y K Zaman B S Baiyat M D Patel Charity No 1043305 Charity OlceS Foxbury Avenue Off Pery Street Chislehurst BR7 6SD Accountants Pearlman Rose Chartered Accountanrs Suitel, First Floor Jack Ddsh House 2 Lawn House Close Docklands tA)ndon E14 9YQ Bankers Natwest Bank plc 87 High Srreet Sidcup DA14 6DL
DARUL ULOOM SCHOOL (LONDON) Contents Page Trustees Report Independent Examiner's report Statement of Financial Activities Statement of Financial Position Statement of Cash Flows Notes to the accounts 8-13
DARUL ULOOM SCHOOL (LONDON) Trustees, Report for the year ended 31 July 2024 (Registered Charity Nurnber: 1043305, Registered Office.. Foxbury Avenue. Off Perry Street. Chislehurst. Kent, BR7 6SD) The trustees present their report and ac¢oullts tor the year ended 315t July 2024. The financial statemenrs have been prepared in acknordance with the accounting policies set out in noie l and comply with the charity's trust deed, the Charities Act 2011, provisions of accounting and reporting by charities; Statement of Recommended practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in ihe UK and Republic of Ireland (FRS 102) (effective I January 2019). Trnstees The trustees who acted during the year were as follows: V A Maljee U H Patel M Khan Y K Zaman B S Baiyat M D Patel The Trusi Deed of Ihe charity governs the appointment of trustees. The board of trustees is authorised to apint new trustees to fLII vacancies arising through resI}atIon or death of an existing trustee. liivestment Powers The Trust Deed authnrises the trustees to make and hold invesiments using the general funds of the charily. The trustees are responsible for the selecuon and disposition of investment and for obtaining advice. Curi'ently, the general funds of the charity are held and transferred to and from a bank deposit account. Constitlltion, objects and policies The Darul Uloom School (London) is constituted by a Trust Deed and its objects are to provide and maintain a school to reach and oiherwise educate young persons in the dtrIneS and practices of the Islamic religioii and irs jurisprudence. The School raises funds by inviting parents and prospective donors to contribute towards ihe fees, make voluntary donations, sel up deeds of covenani and make zaLit contribiitions. Developmen¢ Review of Activities and Plans for future periods The trustees are happy to report that the perfornwice of the charity durin sacisfilctury. the period under review has been The ch<1rity 1<1ises funds n]ainly from fees and donations. Durino the year it had on average of 150 students (2023: 150) which conforms with the maximum number it is permitted lo have on roll. The total income Teceived this year was £614.077 (2023: £575.723) however with the total recorded expenditure of £651,383 Ihere was a deficiency of income £37,306 {2023= £89,735). With the nel assets standing at £1,603,374 the trustees ate confident th41t the sLhool Can ¢onlinue to offer its services comfortably for the toreseeable future and ha5 made plans to reduce the defiLiency of income. Page I
DARUL ULOOM SCHOOL (LONDON) Trustees, Report for the year ended 31 JUIY 2024....continued A8 reported in th¢ previous year, a full inspection of the boarding and education facilities was carried out in March 2022, with a "good" rating. The school's boarding facilities were inspected again in January 2023, maintaining a "good" rating. An additional inspection was carried out on the I lth dnd 12ih of July 2024 where it Was pOrted that the school "mcLtS dll of the independent school standards that were cheLkcd during this inspection" 41nd in terms of the Boarding provi>iion, it was reported that The school meets all of the national tt]illimum standd.5 that were checked during this inspcction." The recent Ofsted inspection of Darul Uloom LondoT], conducted in February 2025, concluded that the school's overall effectiveness requircs some improvementj piirlicularly in curriculum quality and sixth-fortti provi8ic)T]. While pupils benefit from .Slr(mg p<tOral care, respecilul relatlDnships. and good personal development. DespAte the.sL challenges, the school has recognised its shortcomings and taken proactive steps to address them. A robust action plan has been commissioned and is currently bcing implemented, reflecting the leadership's commitrnent to improving educational standards and ensuring cvmpliance with indep¢nd¢nl school standards. The trustees and school lead#rbhip reinain committed to continue to work towards further improving the school to meet and exceed standards. There is an ongoing dispute regarding the ownership of the land which has been reported as a tangible asset. This legal dispuce is ongoing and once a final outcome is reached. and any ambiguity clarified, the future trustees report will provide an update on the inatter. The trustees are happy to report that several stiidents graduated at the Alimiyya and Ilifz progTammes. FurthCnno, the results achieved at the GC.SE level were good. The trusiees are grateful for the continued support given by the management ¢ind staff and ihe work of both the trustees which has enabled the charity to further its objectives. Furthennore, the trusrees extend their appreciation to those who have contributed towards the costs of running the charity and to the members of the local community who continue to support it by providLllg invaluable professional services on a voluntary basis. All these efforts continue to make the charity a success. ThL trustees are delighted to report Lhat Sufficient funds are available to enable the Chatity lo Lontinue its operations in the Jncdium term. Reserve Policy The tTustees will continue lo maintain sutticient levels of reserves to cover the charity's obligations by ensuring that theie are operating surpluses in ihe fulure And by general purpose appeals from time to time. StateTnenl of Trustee5' Responsibi]ities The trustees are responsible for prepng the trustees. annual report and the financial statements in accordance with applicable law and Uniled Kingdom Accounting standds (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 ' The Financial Reporting Standard appIlble in the UK and Republic of treland." The law applicable to chleS in England and Wales, the Chariti¢s Act 2011. Charity (Accounts and Reports) Retrulations 2008 and the provisions of the trust deed requires Ihe charity trustees to PTepare tin1claI statements for each financial year which give a true and fair view of the Charity's financial activities during the year and of the incoming resources and application of resourLes, of the charity for that period. Pdge 2
DARUL ULOOM SCHOOL (LONDON) Th]stees' Report for the year ended 31 July 2024....eontlnlled In preparing these financial 8tdtL"Tncnts. the trustees are required to.. select suitable accounlin¥ policies and Ihen apply them consistently- observe the meihods dnd PTinciples in the applicable Charilies SORP" make judgements and es¢in]2tes that are reasonable and prudeT]t' state whether applicable UK accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements prepare the financial 5tatemenis on the going concern basis unless it is inappropriate to pi'esume that the charity will continue in operation. The trustees are responsible for keeping accounting records which disclose with reasonable accuracy dt any time Ihe financiiil FK)Sition of the charity that enables ihem to ensure thdl the financial statements comply with Chcirilies Act 2011, the Charity (ALLounts and Reports) Regulations 2008 and the provisions of the trust dccd. They are also responsible for safeguarding the &ssets of the chdrity and hcnce for taking reasoiiable steps for the prevention and deLcLtion of fraud and other irregularities. The trustees are responsible for the mi¢intenance and integrity ot the charity and financial informalion included on the charity's website in accordance with legislation in the United Kingdom governing the preparation and dissemination of financial statements. Appi"oval Thi5 rewrt was approved by the tSteeS on 28 May 2025 and signed on their behalt by M D Patel Trustee Page 3
DARUL ULOOM SCHOOL (LONDON) Independent Exan)Iner's Report to the trustees of Darul Uloom School (London) report to the chariry trustees on my examination of the financidl statements of Darul Uloom School {LL)ndon) ('the charity,) for the year ended 31 July 2024. Responslbililles and basis of report As the trustees of the charity you are responsible for the preparation of the financial stalements in accordance with the requirements of the Charities Act 2011 ('the Act.). -nts carried out under section 145 of the I rLporl in reStct of My examination of the charity's financial statem- 2011 Aci and in carrying out Tny exdmination I have followed all the applicable Directions given by the Charity Corninission und¢r s¢ction 145(5)(b) of the Act. Independent examiner's statsment Since the charity's gross income exceeded £250,000 your exaEniner mus¢ be a member of a body listed in section 145 of the ?01 l Act. I confinn that I tim qualified to undertake the examination because l am a meinber of the Institute of Charlered Accountants in England and Wales (ICAEW). which is one of ihe listed bodies. I have completed my examination. I confirm that no material matters have come to my attention in connection wilh the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the charity as required by section 130 of the Acl- or the financial statements do not accord with those records; or the financial .tatcentS do T]Ot comply with the applicable requirements concerning thc form dnd content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requiremenl that the accounts give a 'true and fair, view which is not a matter considered as part of independent examinatLOn. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Mohammad Jilani FCA Independent Examiner Date: 28 May 2025 PIall Rose Chanered Accountants Suite I, First Floor Jack Dash House 2 Lawn House Close Docklands London E14 9YQ
DARUL ULOOM SCHOOL (LONDON) Statement of Financial Activities for the year ended 31 July 2024 Unrestrlcted Funds 2024 NotE% 2023 Income and endowments Donations and ILgdLies Charitable activities IT)vestments 26,2?] 581,989 5,867 30.574 541,944 3,205 Total income 614,077 575,723 Expenditure Charitable activitie5 651,383 665.458 Total expenditure 651,383 665,458 Net incomin(expendltUre) for the year (37,306) (89,735) Total funds brought forward 1,640,680 1,730.415 Total funds carried forward 1,603,374 1,640,680 There were no recognised gains or losses for the two years other than those included in the statement of fjnancial activities. The notes oil pages 8 to 13 foiin part of tliese accounts Page 5
DARUL ULOOM SCHOOL (LONDON) sthtement of Ffin2ncial Position 115 at 31 July 2024 2024 2023 Note5 Fixed Assets Tangible assets 1,202.231 1,242,572 CurrL'llt Asscts Stock of books & stationery Debcors Cash at bank and in hand 1.785 2,469 427,426 1,820 2,708 400,948 431,680 405,476 Current Liabilitics Other creditors & accrnais 30.537 7.368 30,537 7.368 Net Current Assets 401,143 398,108 Total A&sets less Current Liabilities 1,603,374 1,640,680 Capfital Aceoun¢ Unrestricied funds 1,603,374 1,640.680 The financial statements were approved by the Board of Trnstees and authorised foi issue on 28 May 2025 and were signed on their behalf by M D Patel Trustee The notes on pages 8 to 13 form part of these accounts Page 6
DARUL ULOOM SCHOOL (LONDON) Statement of Cash Flows for the year ended 31 July 2024 2024 2023 Cash flows from operating aCtitieS Net Lllcomel(expenditure) (37,306) (89.735) Adjustments for: Depreciaiiun LhgcS (Increase)Idecrease in st(Kks {Increase)Idecre&8e in debtors Increasd(decr¢41se) in creditors 40.341 35 239 23,169 41,392 25 885 Net Cgsh froml(used in) operating activities 26,478 {45,708) Cash flow from investing activities: Purchase of tangible fixed assets Net cash used in investing actfivRti&q Change in cash and cash equiv¥lents in the reporting period 26,478 (45,708) Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting period 400,948 446.656 427,426 400.948 The notes on pages 8 to 13 forni part of these accounts Page 7
DARUL ULOOM SCHOOL (LONDON) Not&$ to the accounts for the year ended 31 July 2024 Accounting Policies Accounting convention & basis of preparation These accoiints have been prepared under the hisloricdl cost convention (except that invesiments are shown at Tnarket value) in accordance with: Accounting and Reportin¢F by Charities: Statement of Recoinmended Praciice applicable co ¢hariCies preparing their accounts Èn accordance with the Financial Reportiiio Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019) and in accordance with the Charities Act 2011. Incoming Resources: Recognition of frncoming resources These are included in the Statement of Financial Activities {SoFA) when: the charity becomes entitled lo Ihe resources. the trustees are virtually certain they will receive the resources; and the monecary value can be meELsured with sufficient reliability. Incoming Resources: Incoming resources wfith rdated expenditure Where incoTning resources have related expenditu (as witli fundraisino or contract income) rhe incoming resources and Telaied expendicure are reponed gross in the SOFA. Incoming Resources: Grants and donations Grants and donations are only included in the SOFA when The chariiy has unconditional entitlemeni ro the resources. Incoming Resources: Tax reclaims on donations and gifts Incoming resources from tax reclaims are incliided in the SOFA at the same time as the gift to which they relate. Incoming Resourw: Contractual income and performance related grants This is only included in the SOFA once the related goods or services have been delivered. Incoming Resources: Gifts in kind Gifts in kind arc accounted for at a reasonable estimate of cheir value to the charity or the amount actiially realised. Gifts in kind for sale or distribution are included in the accounts as gifis only when sold or distributed by the charity. Gilts in kiThd for use by the charity are included in che SOFA as incoming resources when receivable. Incoming Resources: Donated services and faellfitles These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service 01 facility received. Incoming Resources: Volunteer help The value of any voluntary help received is not included in the accounts but is described in (he trustees, annual iep)rt. Page 8
DARLTL ULOOM SCHOOL (LONDON} NotLs to the accounts for the year ended 31 July 2024 Ineoming Resources: Investment income This is included in the accounts wheii receivable. Expenditure and Liabilities: Liability reeognition Liabilities ar¢ recognised as soon as there is a legal or construcrive oblAgation committing the charity to pay out resources. Expenditure and Liabillties: Governance costs Include costs of the preparation and examination of siatuiory accounts. the costs of trusiee meetings and cosi of ally legal advice to trustees on governance or constitutional matters. Expenditure and Liabllltles: Grants with performance condfitlons Grants offered subject to conditions which have not been nt ai the year end date are noted ds a commirment but not accrued as expenditure. Expenditure and Liabilities: Grants payable without performance conditions These are only recolIsed in the accounts when a commitment has been made and there are no conditions to be met relating to the grant which remain in ihe control of the chaJiry. UDrestrieted funds Unrestricted funds are donations and other incoming resources receivable or generated for the charity without further specified purpose and are available as general funds. Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds Restricted funds are funds subject to specitic trusls. which may be deCIed by the donor(s) or with their authority (e.g. in a public appeal) or created through legal process. but still within the wider objects of the charity. Restricted funds may be restricted income funds, which are spent at the discretion of the trustees in furtherance ot some particular aspe¢t{s} of the objects of the charity, or they may be endowmenr funds, where the assets are required to be invested, or retained for actual use, rather than spent. Assets: Tangible fixed assets for use by charity These are capitalised if they can be used for more than one year, and cost at least £500, They are valued at cost or a reasonable value on receipt. Depreciation is Provided at rates calculated to wiite off the cost or valiiation less residual value of each asset over lis expecied useful Life. as follows- Freehold land & buildings Equipment 2% Straight line method 25% Redu¢Ang balance method Assets: Stocks and work in progress These are valued al the lower of cosl or market valu¢. Page 9
DARUL IJLOOM SCHOOL (LONDON) Notes to the accounls for the year ended 31 July 2024 Pensions The charicy operates a defined contribution pension scheme. Contributions payable to the Charity's pension scheme are charged to the Statement of Financial Activities in rhe period io which they relate. Taxation The charity is exempt from tax on its charitable activlties. Analysis of income 2024 2023 2.1 Donations and legacies Voluntary donations Government grants 26,221 30,574 Total 26,221 30,574 2024 2023 2.2 Income from charitable activities Contributions by parents towards costs 581,989 541,944 Total 581,989 541,944 2024 2023 23 Income from tnvestments Bank interest 5,867 3.205 Total 3,205 3.205 Analysis of expenditure 2024 2023 Charitable activities costs Support costs Governance costs 646,433 4,950 636.420 29,038 Total 651,383 665,458 Page 10
DARUL ULOOM SCHOOL (LONDON) Notes to the accounts for the year ended 31 July 2024 3.1 Analysis of support Costs 2024 2023 Stock adjustment Wages and salaries ExaniÉnation and cduLational expen8es Food and catering Rates Insurance Light and heat Cleaning and laundry Repairs and maintenance Printing, postage and stationery Books and magazines Telephone and fax Travelling Staff training Depreciation- Freehold, fixtures & equipment Computer and software maintenance Subscriptions Bank charges Sundry expenses -35 379,718 15,829 59,944 30,670 3,605 45,137 18,054 367,634 22,2?8 76,242 18,771 3,830 19,367 23,128 51,113 1,348 348 2,610 69 1,959 41,393 645 3,608 2,028 14 243 956 2,674 159 72 40,341 87 3.800 2.042 14 Total 646,433 636,420 3.2 Analysis of govern2nce costs 2024 2023 Legal & professional Accountancy fees 24.088 4,950 4,950 Total 4,950 29.038 Page 11
DARUL ULOOM SCHOOL (LONDON) Notes to the accounts for the year ended 31 July 2024 Employee emoluments 2024 2023 Wages and salaries Social secLirÉty costs (Employers NIC) Staff pension Costs 375,277 2.339 2,102 364,535 1.573 1,526 379,718 367.634 Average no. of staff 28 33 Trustees remuneration, benefits and expenses Nu employee reLeived employee beT]efits of more than £60,(M)O during the year (2023: Nil). Included in th¢ wages costs is £9,568 (2023,. 9.372) which relates to wages paid to Mr M D Patel a triistee, who provides teaching and educational related services. There were no tn]stees' expenses paid for the year ended 31 July 2024 (2023: Nil) Tangible a&sets for e by charity Land xnd Equipment Total Buildings freehold {Asseis used direcily for chariiable purposes) Cost Ai l August 2023 Additions 1.859,283 286,379 2,145,662 At 31 July 2024 1,859,283 286,379 2,145,662 Depreciation At l August 2023 Charge for the year At 31 July 2024 Net book Value At 31 July 2024 629,333 37,186 273,757 3,155 903,090 40,341 666,519 276,912 943,43 I 1.192,764 9,467 1.202,231 At 31 July 2023 1,229,950 12,622 1.242,572 Page 12
DARUL ULOOM SCHOOL {LONDON) Notes lo the accounts for the year ended 31 July 2024 Stocks 2024 2023 Stock of books and stationery 1,785 1,820 Current Assets 2024 2023 Sundry debtors and prepayments 2.469 2,708 2,469 2,708 Current Liabilitles 2024 2023 Sundry creditors and accruals 30,537 7,368 Net Movement in funds for the year 2024 2023 The net movement in funds for the year is slated after charging: Depreciation of ts]ngible fixed assets used by charity Accountancy fees 40,341 4,950 41,393 4,950 io. Unrestricted funds: Movement in the year 2024 2023 Balance brought forward 1.640.680 1,730,415 Income 614,077 575.723 Expenditw'e (651,383) (665,458) Total funds carried forward 1,603,374 1,640,680 Page 13