2022-12-31-accounts

The Charity Registration Number is :- 1045362

AL BADR ISLAMIC TRUST

Report and Accounts

31 December 2022

AL BADR ISLAMIC TRUST

Report and accounts for the year ended 31 December 2022

Contents

	Page
Charity information	1
Trustees' Annual Report	1
Statement of Trustees' responsibilities	6
Independent Auditors' Report	7
Funds Statements:-
Statement of Financial Activities	10
Statement of Financial Activities - Prior Year statement	11
Statement of total recognised gains and losses	12
Movements in funds	12
Summary of funds	12
Balance sheet	13
Cash flow statement	14
Notes to the accounts	15-26

AL BADR ISLAMIC TRUST

Trustees' Annual Report for the year ended 31 December 2022

The Trustees present their Report and Accounts for the year ended 31 December 2022.

Reference and administrative details

The charity name.

The legal name of the charity is:- AL BADR ISLAMIC TRUST

The charity is also known by its operating name, Jamea Al Kauthar, Abrar Academy and Darul Uloom Preston

The charity's areas operation and UK charitable registration.

The charity is registered in England & Wales with the Charity Commission in England & Wales (CCEW) with charity number 1045362

Legal structure of the charity

The charity is constituted as an unincorporated charity, established by Trust Deed. The governing document of the charity is the Trust Deed establishing the charity.

There are no restrictions in the governing documents on the operation of the Charity or on its investment powers other than those imposed by Charity Law.

The trustees are all individuals.

The principal operating address:

Jamea al Kauthar Ashton Road Lancaster LA1 5AJ

The Trustees in office on the date the report was approved were:-

Mr Fazl Wadee- Managing Trustee Mr Huzayfa Wadee

Mr Ra'ees Master appointed on 11 December 2022

The trustees who served as a trustee in the reporting period were as shown above with the addition of Mr Raees Master.

Objects and activities of the charity

To advance education for the public benefit by the provision of Islamic boarding schools and to advance religion according to the tenets of the Islamic faith

The aim of the charity is to provide an opportunity to study traditional Islamic sciences with secondary and further education in a safe secure boarding school environment.

1

AL BADR ISLAMIC TRUST

Trustees' Annual Report for the year ended 31 December 2022

The main activities undertaken in relation to those purposes during the year.

The Lancaster centre- Jamea al Kauthar. Established in 1996, we are dedicated to welcoming students into an academic atmosphere that is spiritually enriching and physically nurturing. We cater for girls from ages 11 and above, providing an Islamic education as well as high school and sixth form subjects.

The school places great emphasis on providing an excellent Islamic environment that is conducive to acquiring a good education whilst catering for a culturally and ethnically diverse student population. Students are challenged to pursue excellence in a family-like environment, and their welfare and progression is our highest priority. An extensive pastoral care system ensures that our girls are treated as important individuals. We are constantly working hard to improve our facilities to deliver a good education and a memorable student experience.

Jamea Al Kauthar is located in the heart of Lancaster in the UK, and consists of a Victorian four storey, grade II listed building (formerly The Royal Albert). The main building forms the central accommodation at the boarding school with separate wings designated for separate boarding houses. The madrasah and school are situated in two separate buildings, and all three buildings are surrounded by 20.5 acres of beautiful natural grounds giving a serene setting to relax and enhance the mind and body.

The Preston Centre- Abrar Academy opened in 2009 is an Independent Secondary College for boys from the age of 11. We offer a balanced curriculum, encompassing the full time Alimiyyah and Hifz course combined with the traditional English curriculum. In 2015, Darul Uloom Preston was established to provide students from outside Preston an opportunity to come and study in an academic atmosphere that is spiritually enriching and physically nurturing.

The Charity also runs a spiritual centre and a Masjid in Blackburn known as Khankah from Robinson Street, Blackburn. The charity runs a Masjid in Accrington which is being re-developed after the complete demolition of its building structure.

The main activities undertaken during the year to further the charity's purpose for the public benefit.

Jamea at Lancaster offers the following subjects at KS3: English, Maths, Science, ICT, Art, PSHE & Citizenship, Humanities, PE, and Urdu. At GCSE Level, students are entered for English Language, English Literature, Maths, Combined Science, Religious Studies, Urdu, ICT and History.

Jamea offers English, Urdu and Maths at AS Level and English, Urdu and RS at A2. Jamea also offers many level 3 courses, such as BTEC ICT, BTEC Science and BTEC Health & Social Care.

In September 2015, Abrar School in Preston opened its boarding facilities known as Darul ul Uloom Preston and has now many boarding students. All boarding students benefit from a spiritually uplifting enviroment that helps them develop spiritually and and as exemplary citizens who greatly contribute to society.

We have recently expanded our provision for the Muslim community in the north west, with the purchase of additional facilities in Preston (to add to our expanding Preston centre), and with the establishment of a places of worship in both Accrington and Blackburn. Many of our newly established sites aim to provide Islamic education for disadvantaged children from deprived backgrounds.

2

AL BADR ISLAMIC TRUST

Trustees' Annual Report for the year ended 31 December 2022

The short term and longer term aims and objectives.

At our schools, we aspire to cultivate morality and inspire our girls and boys to graduate as able, confident British Muslim citizens and outstanding role models for their communities. To this end, the graduates of our college not only perform well in the school, they also transfer high standards of moral and ethical values, principles and standards to their chosen paths within their own communities. The long term objective is to instil religious Islamic education combined with secular education to enrich the fabric of tomorrow's society.

The main achievements and performance of the charity during the year.

This reporting year, Jamea al Kauthar had the joy of celebrating the graduation ceremony of 42 Aalima and 5 Sanatayn students, whilst in Darul Uloom Preston 5 Aalim students graduated and 9 Hifz students completed their Quran memorisation.

The Trustees are happy to report yet again that the Jamea al Kauthar GCSE 2022 results were excellent.

The results in GCSE English, GCSE History and ICT were well above average, and the strong pass percentage in English and Maths was in line with the national average.

Abrar Academy in Preston, which serves as a residential and non-residential boys' school, is continuing to provide secondary education, as well as A level provision for post 16 boys. In 2022, many of the students achieved excellent results in their GCSEs, which they completed alongside their Islamic curriculum

Fundraising activities during the year.

The charity relies on aid from the individual donors, whose support is valued. The charity continued its normal fundraising activities to update and improve the educational establishments it provides for the community.

In order to comply with the disclosures required by Section 62A of the Charities Act 2011 as introduced by the Charities (Protection and Social Investment) Act 2016, the Trustees state that the Trust does not use professional fundraisers.

The difference the charity's performance during the year has made to the beneficiaries of the charity.

The Charity runs Islamic courses along with GCSE and A Level courses, benefitting more than 250 boarding students at the main Lancaster centre. This continues to draw much interest within the community, with many applicants applying from all over the country.

The degree to which the achievements and performance during the year have benefited wider society.

Al Badr Islamic Trust recognises the importance of contributing to the community and community cohesion. Many of the students that graduate from our schools, go on to work at schools and charities in their local area. Our students also regularly raise money for local charities and worldwide causes. The schools work on many initiatives that contribute to society, such as visits to the local old people's home and donating to local food and clothing banks.

3

AL BADR ISLAMIC TRUST

Trustees' Annual Report for the year ended 31 December 2022

Structure, governance and management of the charity

The methods used to recruit and appoint new charity trustees.

The trustees have the power to appoint new trustees. The board can invite suitable candiates who are from the local muslim community to serve as Trustees and new trustees will receive induction training which is tailored to the specific needs of the individual and will always include full training on organisational policies. There are is no membership structure within the trust.

The charity has three appointed trustees who have overall control and resposibility for policy and major decision making. Day to day management and responsibilty for implementing policies is carried out by a full time Managing Trustee Mr Fazl Wadee

Financial review

The charity's financial position at the end of the year ended 31 December 2022

The financial position of the charity at 31 December 2022 and comparatives for the prior period, as more fully detailed in the accounts, can be summarised as follows:-

Restricted Funds Total Funds Unrestricted Revenue Funds available for the general purposes of the charity Net income	2022 £ (257,650) 5,776,879 64,800 5,841,679	2021 £ 102,044
		6,039,329 60,000
		6,099,329

Financial review of the position at the reporting date, 31 December 2022 .

The trustees consider the financial performance by the charity during the year to have been satisfactory. The pricipal funding of the charity is from parents of students given by way of contributions fees for their children. Park Campus Moor Park Avenue, Preston PR1 6AS: This property was acquired and is now being rented by the previous owner and the rental income is materially contributing to a fixed yearly income that gives the Trust significant source of secured cash flow benefits.

Policies on reserves.

The level of cash reserves at any given time is based on the requirement for a full months expenditure The level of cash liquid reserves changes drastically in the month of January, April and September when the fees instalment is received from the students. At the end of December the funds will always be at a low level. The fixed asset pool is fully utilised for charitable purposes. The Trust has a pool of assets under investment properties that are used to generate cash by way of rental income for maintaining a regular source of liquid funds. There are no designated funds set aside.

4

AL BADR ISLAMIC TRUST

Trustees' Annual Report for the year ended 31 December 2022

Going Concern

The trustees have given careful consideration to going concern. The net current asset liabilities is significantly in deficit, the trustees consider that the Karz Hassana (Interest free loans given for charitable purposes) are not demanded by the lenders for long periods of time, although legally they are payable on demand. Historically, these loans have remained fixed and many times converted into donations.

Public Benefit

When planning the charity activities, the board of Trustees have taken into consideration the Commissions guidance and the specific guidance on charities for the advancement of religion.

It is charity policy, that when it is necessary to waive fees for services and goods provided to help the students from poor and disadvantaged families the trust will implement this policy and regard it as provision of services for public benefit.

Details of The Auditor

Shamim Mahomed

Member of Institute of Chartered Accountants of England and Wales Pegasus House 5 Winckley Court Mount Street Preston PR1 8BU

5

AL BADR ISLAMIC TRUST

Trustees' Annual Report for the year ended 31 December 2022

Statement of Trustees' Responsibilities

The charity's trustees are responsible for the Report of the Trustees and the financial statements in accordance with applicable law and UK Accounting Standards (UK Generally Accepted Accounting Practice.

The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities Act 2011 and the Charities (Accounts and Reports) Regulations 2008 and follow the specific guidance issued by the Charities Commision of England and Wales under FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities).

In particular, charity law requires the Trustees, if they prepare accounts on an accruals basis, to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Trustees are required to :-

• to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).

• select suitable accounting policies and apply them consistently;

• make judgements and estimates that are reasonable and prudent;

• prepare the financial statements on the going concern basis unless it is inappropriate

• to presume that the charity will continue in business;

• state whether applicable accounting standards and statements of

• recommended practice have been followed, subject to any material

• departures disclosed and explained in the financial statements;

The law requires that the trustees must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for the year.

The Trustees are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with regulations made under the Charities Act 2011. 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.

Mr Huzayfa Wadee Trustee Date:

6

Independent auditor’s report to the Trustees of Al Badr Islamic Trust

Opinion

We have audited the financial statements of Al Badr Islamic Trust (the 'charity') for the year ended 31 December 2022 which comprise the Statement of Financial Activities, Balance Sheet, The Cash Flow Statement, and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

• give a true and fair view of the state of the charity's affairs as at 31 December 2022 and of its Income and Expenditure for the year then ended.

• have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice.

• have been prepared in accordance with the requirements of the Charities Act 2011.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's 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 obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

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 that, individually or collectively, may cast significant doubt on the Trust's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other Information

The other information comprises the information included in the annual report, including the trustees’ report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements 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.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements, or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. 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 performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees' report. We have nothing to report in respect of the following matters in relation to which the Charities Act 2011 requires us to report to you if, in our opinion:

• adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

• the financial statements are not in agreement with the accounting records and returns; or

• certain disclosures of trustees' remuneration specified by law are not made; or

• we have not received all the information and explanations we require for our audit.

7

Responsibilities of trustees

As explained more fully in the trustees' responsibilities statement set out on page 6, the trustees are responsible for the preparation of the financial statements and for being satisfied that they 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. In preparing the financial statements, the trustees are responsible for assessing the charity'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.

Auditor’s Responsibilities for the audit of the financial statements

We have been appointed as auditor under Section 144 Charities Act 2011 and report in accordance with the Act and relevant regulations made or having 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 an auditor’s report 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.

To address the risk of fraud through management bias and override of controls, we:

-performed analytical procedures to identify any unusual or unexpected relationships;

-assessed whether judgements and assumptions made in determining the accounting estimates set out in Note 1 were indicative of potential bias;

-investigated the rationale behind significant or unusual transactions.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

-agreeing financial statement disclosures to underlying supporting documentation;

-reading the minutes of meetings of those charged with governance;

-enquiring of management as to actual and potential litigation and claims.

A further description of our responsibilities from the Financial Reporting Council’s website is set out below; As part of an audit in accordance with ISAs (UK), the auditor exercises professional judgment and maintains professional scepticism throughout the audit.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting 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 recognize non-compliance with applicable laws and regulations; -we identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of the computer component manufacturing and supply sector;

-we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company;

-we assessed the extent 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 company’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 to fraud, their knowledge of actual, suspected and alleged fraud;

-considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

The auditor also:

-Identifies and assesses the risks of material misstatement of the entity’s (or where relevant, the consolidated) financial statements, whether due to fraud or error, designs and performs audit procedures responsive to those risks, and obtains audit evidence that is sufficient and appropriate to provide a basis for the auditor’s opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. The auditor includes an explanation in the auditor’s report of the extent to which the audit was capable of detecting irregularities, including fraud.

8

-Oblain5 an understanding of internal cofjlfol relevant lo ihe audit In order lo design audit procedures that ate appropnate in the circurn51ances, but not for the purpose of expressing an opinion on the effectiveness of the entity's Intemal ¢onlrol. -Evalu8tes the approprialÈness of actounting poli¢ie$ used and the reasonablenes5 Of a¢¢ouniing 8slimales and related disclosurès mad by Ihè direcltrrs -concludes on the appropriateness of the directors. use of the going COn￿rn basis of accounting aftd. based on the audil evidence obtsined. wh8lher a material unc8rt8inty exists relalad lo events or eondilions that may cast signifi'cgnl doubt on the entity's ability to continua as 8 going concorn. If the auditor condudo9 that th• use of the going con￿rn basis ol a¢¢ounbng Is apprwnale and no maierial uncertainties have been Idenlifi&d. the auditor reports these COnci￿s1O￿S In tt)e auditor'$ ￿port. If ttie auditor ¢ondudes ttial a material uncertainty exists, th8 aud5tor is requifod trj draw attèntson In tt)tr auditor's ￿pOrt to the rel•ted d15c105ures In Ihe financial 51al8menls or, if such disdosures a￿ Inadequate. lo modify the auditor's opinion. The auditor's rfjnrjiiqons 3r8 bav.d On the aiidil oviclgnco oblaillod up to thé dalg of thè auditor'g rèport Hcjwèvèr. future eveTrlS or conditiDns may cause the entity to ceas6 lo continue as a 90ing concern -Evaluale$ the overall presentaiion. structure and wnlenl of Ihe financial slalements, including th& disclosures. and whether the finan¢ial 51alemgn15 r8pres8nt th8 und8dying transactions and even15 in manner that aCh￿ve$ fair presen￿tion li.e. gives a true and fair vwi. This des¢riplion fonns part of our audilorfs r8PQrt. SKM CTharte￿￿ A¢wuntants is eligible for appointment as audrtor of the charity by virtue of its eligibility for appointrnenl as auditor of a CA)mpany undèr s&¢ti¢n 1212 of the CwipaDigs Act 2006. Use of our report This report Is made SO￿lY to the Charity's trustees. as a body. In accordance %ith the Chanlies Act 2011. Our auditwork has been und8rtaken so that we might stste to the Iruslees tt)ose matters we are ￿qui￿d to slate lo them in an auditor's report and for no other purpose. To the fullest extent permitted by law. we do not a¢￿pt or assume responsibility lo anyone other than the charity's tW5tees as a body. fgr our auditwork. for pbit. or for the opinions w8 have fomed. 1313}x* Shamim Mahomed For and on behalf of". SKM Chartered Accountants Statutory Auditor 5 Winckley Square, Mount Street Preston. PR1 88U

AL BADR ISLAMIC TRUST - Statement of Financial Activities for the year ended 31 December 2022

Statement of Financial Activities for the year ended 31 December 2022

Income & Endowments from: Donations & Legacies A1 Charitable activities A2 Investments A4 Total income Expenditure on: Charitable activities B2 Total expenditure Net gains/(losses) on investments Net income for the year Transfers between funds Net income after transfers Total funds brought forward Total funds carried forward SORP Ref	Current year Unrestricted Funds 2022 £ 220,121 1,156,422 75,653	Current year Restricted Funds 2022 £ - - - - - - - - 4,800 4,800 60,000 64,800	Current year Total Funds 2022 £ 220,121 1,156,422 75,653 1,452,196 1,594,896 1,594,896 (114,950) (257,650) - (257,650) 6,099,329 5,841,679	Prior Year Total Funds 2021 £ 157,285 1,280,580 81,624
	1,452,196			1,519,489
	1,594,896			1,456,980
	1,594,896			1,456,980
	(114,950)			39,535
	(257,650) (4,800)			102,044 -
	(262,450) 6,039,329			102,044 5,997,285
	5,776,879			6,099,329

A Statement of Total Recognised Gains and Losses is included as a primary statement in these accounts.

All activities derive from continuing operations

The notes attached on pages 15-26 to 26 form an integral part of these accounts.

10

AL BADR ISLAMIC TRUST - Statement of Financial Activities for the year ended 31 December 2022

AL BADR ISLAMIC TRUST - Analysis of prior year total funds, as required by paragraph 4.2 of the SORP

Income from: Donations & Legacies A1 Charitable activities A2 Investments A4 Total income Expenditure on: Charitable activities B2 Total expenditure Net income for the year Reconciliation of funds:- Total funds brought forward Total funds carried forward Net gains/(losses) on investments Net movement in funds SORP Ref	Prior Year Unrestricted Funds 2021 £ 172,895 1,292,758 76,124	Prior Year Restricted Funds 2021 £ 101,856 - - 101,856 101,856 101,856 - - 60,000 60,000	Prior Year Total Funds 2021 £ 157,285 1,280,580 81,624 1,519,489 1,456,980 1,456,980 39,535 62,509 102,044 5,997,285
	1,541,777
	1,150,705
	1,150,705
	45,000 391,072
	436,072 5,937,285
	6,373,357		6,099,329

All activities derive from continuing operations

A Statement of Total Recognised Gains and Losses is included in these accounts as a separate primary statement

11

AL BADR ISLAMIC TRUST - Statement of Financial Activities for the year ended 31 December 2022

Statement of Total Recognised Gains and Losses for the year ended 31 December 2022

Surplus for the year :- Income from operations before tax in the Statement of Financial Activites Realised gains on the disposal of investments Surplus/(Deficit) as shown in the Income and Expenditure account Add/(deduct) non income and expenditure items:- Unrealised gains on investments Net Movement in funds before taxation Funds generated in the year as shown on Statement of Financial Activities Net excess/(deficit) of income over expenditure from operations before tax	2022 £ (142,700) (142,700) - (142,700) (114,950) (257,650) (257,650)	2021 £ 62,509
		62,509 (5,465)
		57,044 45,000
		102,044
		102,044

Resources applied in the year ended 31 December 2022 towards fixed assets for Charity use:-

Funds generated in the year as detailed in the SOFA Resources applied on functional fixed assets Net resources available to fund charitable activities	2022 £ (257,650) (81,469) (339,119)	2021 £ 102,044 (123,411)
		(21,367)

Movements in revenue and capital funds for the year ended 31 December 2022

Revenue accumulated funds

Accumulated funds brought forward Transfer between funds Closing revenue funds Summary of funds Revenue accumulated funds Recognised gains and losses before transfers	Unrestricted Funds 2022 £ 6,039,329 (257,650)	Restricted Funds 2022 £ 60,000 - 60,000 4,800 64,800 Restricted Funds 2022 £ 64,800	Total Funds 2022 £ 6,099,329 (257,650) 5,841,679 - 5,841,679 Total Funds 2022 £ 5,841,679	Last year Total Funds 2021 £ 5,997,285 102,044
	5,781,679 (4,800)			6,099,329 -
	5,776,879			6,099,329
	Unrestricted Funds 2022 £			Last Year Total Funds 2021 £
	5,776,879			6,099,329

12

AL BADR ISLAMIC TRUST - Balance Sheet as at 31 December 2022

Note SORP Ref 2022 2021 £ £ Fixed assets A Tangible assets 9 A2 5,916,119 5,999,437 Investments held as fixed assets A4 770,000 855,000 Total fixed assets 6,686,119 6,854,437 Current assets B Debtors 11 B2 163,222 198,708 Investments held as current assets 12 B3 267,718 382,668 Cash at bank and in hand B4 40,766 59,325 Total current assets 471,706 640,701 Creditors: amounts falling due within one year 13 C1 (1,316,146) (1,395,809) Net current liabilities (844,440) (755,108) The total net assets of the charity 5,841,679 6,099,329 Restricted Funds 16 64,800 60,000 Unrestricted Funds Unrestricted Revenue Funds 16 D3 5,776,879 6,039,329 Total charity funds 5,841,679 6,099,329 The total net assets of the charity are funded by the funds of the charity, as follows:-	198,708 382,668 59,325	2021 £ 5,999,437 855,000
		6,099,329
		60,000 6,039,329
		6,099,329

The Trustees acknowledge their responsibilities for complying with the requirements of charity legislation with respect to accounting records and the preparation of accounts.

The charity is subject to audit under charity legislation, and the report of the Charities Act auditor is on page 9.

Mr Huzayfa Wadee Trustee Approved by the board of trustees on:_______

The notes attached on pages 15-26 to 26 form an integral part of these accounts.

13

AL BADR ISLAMIC TRUST

Cash Flow Statement for the year ended 31 December 2022

Cash flows from operating activities Net cash provided by operating activities as shown below Cash flows from investing activities Other investment income, including rents from investments Proceeds from sale of investments Purchase of property, plant and equipment Net cash used in investing activities Cash flows from financing activities Cash inflows from new borrowings	2022 £ (39,774) 75,653 88,644 (81,469) 82,828 (11,500)	2021 £ (22,202) 81,624 - (126,961) (45,337) 20,200
Net cash provided by /(used in) financing activities Overall cash used in all activities Cash movements Change in cash and cash equivalents from activities in the year ended 31 December 2022 Cash and cash equivalents at 1 January 2022 Change in cash and cash equivalents due to exchange rate movements Net income as shown in the Statement of Financial Activities Adjustments for :- Depreciation charges Net losses/(gains) on investment assets Dividends, interest and rents from investments Profit /Loss on the sale of Fixed and Intangible Assets Increase in current asset investments Decrease/(increase) in debtors Increase/(decrease) in creditors, excluding loans Net cash provided by operating activities Analysis of cash and cash equivalents Cash in hand at for the year ended 31 December 2022 Overdrafts facility repayable on demand Total cash and cash equivalents Reconciliation of net income to net cash flow from operating Cash at bank and in hand less overdrafts at 31 December	(11,500) 31,554 31,554 9,212 - 40,766 (257,650) 164,787 114,950 (75,653) (3,644) - 35,486 (18,050) (39,774) 2022 £ 40,766 - 40,766 activities	20,200 (47,339) (47,339) 56,551 - 9,212 102,044 169,612 (39,535) (81,624) 1,714 (237,995) (27,673) 91,255 (22,202) 2021 £ 59,325 (50,113) 9,212

14

AL BADR ISLAMIC TRUST

Notes to the Accounts for the year ended 31 December 2022

1 Accounting policies

Policies relating to the production of the accounts.

Basis of preparation and accounting convention

The accounts have been prepared on the accruals basis, under the historical cost convention, and in accordance with the Financial Reporting Standard 102, and Charities Sorp FRS102 (Effective 1 January 2019) published by Charities Commission in England and Wales and in accordance with all applicable law and United Kingdom Generally Accepted Accounting Standards and Practice

The charity is a public benefit entity.

In setting our objectives and planning our activities the trustees have given careful consideration to the Charity Commissions's general guidance on public benefit

Recognition of Income, liabilities and expenditure

Incoming resources are accounted for on a receivable basis except for donations which are accounted for only when received. The value of services provided by volunteers has not been included.

Resouces expended are recognised in the period in which they are incurred, Resources expended include the attributable VAT. It comprises those resources expended by the charity in the delivery of its education services for the benefit of its beneficiaries, mainly children. A liability, and the related expenditure, is recognised when a legal or constructive obligation exists as a result of a past event, and when it is more likely than not that a transfer of economic benefits will be required in settlement, and when the amount of the obligation can be measured or reliably estimated.

Tangible fixed assets

Tangible fixed assets are measured at their original cost value, or subsequent revaluation, or if donated, as described above. Cost value includes all costs expended in bringing the asset into its intended working condition. Assets under £500 are not capitalised when acquired and if the net book value falls below £500 the amount is written off. All assets that have been fully depreciated are also removed from the fixed assets valuation

Depreciation has been provided at the following rates in order to write off the assets to their anticipated residual value over their estimated useful lives.

Freehold land nil Buildings 2 % straight line Plant and machinery, fixtures and vehicles 25 % reducing balance

A regular annual review of the likelihood of asset impairment is undertaken.

Debtors

Debtors are measured at their recoverable amounts at the balance sheet date.

Creditors and provisions

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price.Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

Investments

Investments held as fixed and current assets are valued at the balance sheet date by the Trustees.

Fund Accounting

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the objectives of the charity. There are no designated funds set up by the Trustees

Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal or as implied by law. The Trust has restricted fixed assets funds

15

AL BADR ISLAMIC TRUST

Notes to the Accounts for the year ended 31 December 2022

2 Liability to taxation

The Trustees consider that the charity satisfies the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by chapter 3 part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively on the specific charitable objects of the charity and for no other purpose. Value Added Tax is not recoverable by the charity, and is therefore included in the relevant costs in the Statement of Financial Activities.

3 Winding up or dissolution of the charity

If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity.

4 Significance of financial instruments to the charity's position

The loans under creditors due within one year are loans known as Karze Hassana and loaned by individuals on the basis that they are repayable on demand and interest free.

5 Net surplus before tax in the financial year

5 Net surplus before tax in the financial year	5 Net surplus before tax in the financial year
Depreciation of owned fixed assets Pension costs Auditors' remuneration 6 Investment gains Current year Unrestricted Funds 2022 £ Realised gains/(losses) Other Unlisted Investments - Total realised gains/(losses) - Unrealised gains /(losses) and writing down of carrying values Other Unlisted Investments - Unrealised (114,950) Investment properties - Unrealised - Total unrealised gains/(losses) etc (114,950) The net surplus before tax in the financial year is stated after charging:-		Current year Restricted Funds 2022 £ -	2022 £ 164,787 1,945 3,960	2021 £ 169,612 1,490 6,700
			Current year Total Funds 2022 £ -	Prior Year Total Funds 2021 £ (5,465)
	-	-	-	(5,465)
	values (114,950) -	- -	(114,950) -	- 45,000
	(114,950)	-	(114,950)	45,000

16

AL BADR ISLAMIC TRUST

Notes to the Accounts for the year ended 31 December 2022

7 Staff costs and emoluments

Salary costs Gross Salaries excluding trustees and key management personnel Total salaries, wages and related costs Numbers of full time employees or full time equivalents The average number of total staff employed in the year was The estimated staff deployed in different activities in the year was:- Engaged on charitable activities Engaged on management and administration Employer's operating costs of defined contribution pension schemes	2022 £ 456,391 1,945	2021 £ 480,185 1,490
	458,336	481,675
	2022 57	2021 64
	53 4	62 4

None of the trustees have received any remuneration from the charity or any related entity, either in the current or prior year. The details of remuneration paid to persons connected to the trustees are shown in note 8

No employees received emoluments (excluding pension costs) in excess of £60,000 per annum.

8 Remuneration and payments to persons connected with the Trustees

Hamna Wadee Fatema Wadee Umama Wadee M. Taheer Wadee	2022 £ 6,078 8,888 10,359 4,377	2021 £ 5,760 8,545 - -
	29,702	14,305

The payments to the above are for services to support the activities of the charity and the payment is comparable to other staff in similar position. The payment is not specifically prohibited by the Trust deeds.

9 Tangible fixed assets

Cost At 1 January 2022 Additions Disposals At 31 December 2022 Depreciation At 1 January 2022 Charge for the year Eliminated on disposals At 31 December 2022 Net book value At 31 December 2022 At 31 December 2021	Land and Buildings £ 7,342,685 81,469 -	Plant & Machinery & Vehicles £ 676,481 - -	Fixtures and fittings £ 300,826 - -	Total £ 8,319,992 81,469 -
	7,424,154	676,481	300,826	8,401,461
	1,420,780 141,387 -	619,662 15,968 -	280,113 7,432 -	2,320,555 164,787 -
	1,562,167	635,630	287,545	2,485,342
	5,861,987	40,851	13,281	5,916,119
	5,921,905	56,819	20,713	5,999,437

Freehold land at valuation on acquisition not depreciated included above £350,000

There are no inalienable or heritage assets and all assets are used for direct charitable purposes.

17

AL BADR ISLAMIC TRUST

Notes to the Accounts for the year ended 31 December 2022

10 Investments held as fixed assets

Listed investments £ Carrying values of investments At 1 January 2022 - Writing down at 31 December 2022 - Disposals - At 31 December 2022 - Analysis between fair value and historical cost Investments as above held at fair value - Investments as above held at historical cost, less any write down -	Other unlisted investments £ 855,000 - (85,000)	Total £ 855,000 - (85,000)
	770,000	770,000
	770,000	770,000
	555,663	555,663

The open market valuation was carried out by the Trustees after appropriate enquiries and market values that are regarded as minimum prices below which the Trustees would not accept for disposal given the current market conditions.

11 Debtors Trade debtors Other debtors 12 Investments held as current assets value at 31 December 2022 At market Value Other investments 13 Creditors: amounts falling due within one year Karze Hassana loans and bank overdrafts Trade creditors Accruals PAYE, NIC VAT and other taxes	2022 £ 151,222 12,000	2021 £ 198,708 -
	163,222	198,708
	2022 £ 267,718	2021 £ 382,668
	2022 £ 1,034,832 255,069 27,828 (1,583)	2021 £ 1,096,445 271,133 31,203 (2,972)
	1,316,146	1,395,809

18

AL BADR ISLAMIC TRUST

Notes to the Accounts for the year ended 31 December 2022

14 Income and Expenditure account summary

Income and Expenditure account summary At 1 January 2022 Surplus after tax for the year At 31 December 2022	2022 £ 6,054,329 (257,650)	2021 £ 5,997,285 57,044
	5,796,679	6,054,329

15 Particulars of how particular funds are represented by assets and liabilities

At 31 December 2022 Tangible Fixed Assets Investments at valuation:- Fixed asset investments Current Assets Current Liabilities At 1 January 2022 Tangible Fixed Assets Investments at valuation:- Fixed asset investments Current Assets Current Liabilities	Unrestricted funds £ 5,851,319 770,000 471,706 (1,316,146)	Designated funds £ - - -	Restricted funds £ 64,800 - -	Total Funds £ 5,916,119 770,000 471,706 (1,316,146)
	5,776,879	-	64,800	5,841,679
	Unrestricted funds £ 5,939,437 855,000 640,701 (1,395,809)	Designated funds £ - - - -	Restricted funds £ 60,000 - - -	Total Funds £ 5,999,437 855,000 640,701 (1,395,809)
	6,039,329	-	60,000	6,099,329

16 Change in total funds over the year as shown in Note 15 , analysed by individual funds

Unrestricted and designated funds:- Total unrestricted and designated funds Restricted funds:- Total restricted funds Total charity funds	£ Funds brought forward from 2021	See Note 17 £ Movement in funds in 2022	£ Transfers between funds in 2022	£ Funds carried forward to 2023
	6,039,329	(257,650)	(4,800)	5,776,879
	60,000	-	4,800	64,800
	6,099,329	(257,650)	-	5,841,679

19

AL BADR ISLAMIC TRUST

Notes to the Accounts for the year ended 31 December 2022

17 Analysis of movements in funds over the year as shown in Note 16

Unrestricted and designated funds:- Unrestricted Revenue Funds Restricted funds:- Restricted funds	Income 2022 £ 1,452,196	Expenditure 2022 £ (1,594,896)	Other Gains & Losses 2022 £ (114,950)	Movement in funds 2022 £ (257,650)
	-	-	-	-
	1,452,196	(1,594,896)	(114,950)	(257,650)

18 The purposes for which the funds as detailed in note 16 are held by the charity are:-

Unrestricted and designated funds:-

Unrestricted Revenue Funds

These funds are held for the meeting the objectives of the charity, and to provide reserves for future activities, and , subject to charity legislation, are free from all restrictions on their use.

Restricted asset funds

These funds are held in accordance with the restrictions placed by the donor in the land registry documents.

19 Ultimate controlling party

The charity is under the control of its legal trustees

20

AL BADR ISLAMIC TRUST

Activity analysis of Income and expenditure for the for the year ended 31 December 2022

This analysis is classsified by activity and not by conventional nominal descriptions.

20 Analysis of income by activity

SOFA ref Teaching activities Welfare and accomodation Student support A2 Summary of Total Income, including the items above Charitable activities A2 Donations & Legacies A1 Investment income A4 Total income as shown in the SOFA Income from charitable activities Total Income from charitable activities Activity	2022 £ 1,088,634 63,523 4,265 1,156,422 1,156,422 220,121 75,653 1,452,196	2021 £ 1,164,182 80,106 36,292
		1,280,580
		1,280,580 157,285 81,624
		1,519,489

21 Analysis of charitable expenditure by activity

Teaching activities Direct costs Premises expenses Administrative overheads Depreciation Welfare and accomodation Direct costs Premises expenses Administrative overheads Depreciation Total Teaching activities Activity Total Welfare and accomodation	Direct costs 2022 £ 502,791 - - - 502,791 Direct costs 2022 £ 122,553 - - - 122,553	Support costs 2022 £ - 262,371 18,210 54,929 335,510 Support costs 2022 £ - 387,145 2,289 54,929 444,363	Grant funding of activities 2022 £ - - - - - Grant funding of activities 2022 £ - - - - -	Total 2022 £ 502,791 262,371 18,210 54,929 838,301 Total 2022 £ 122,553 387,145 2,289 54,929 566,916	Total 2021 £ 533,041 229,485 27,556 56,537
					846,619
					Total 2021 £ 78,812 336,087 4,721 56,537
					476,157

21

AL BADR ISLAMIC TRUST

Activity analysis of Income and expenditure for the for the year ended 31 December 2022

Direct costs 2022 £ Student support Employee costs not included in direct costs - Administrative overheads - Professional fees - Depreciation - - Direct costs 2022 £ Total Teaching activities 502,791 Total Welfare and accomodation 122,553 Total Student support - Total Other charitable activities - Governance costs as detailed in note 29 - 625,344 Summary of charitable costs by activity Total charitable expenditure Total Student support	Support costs 2022 £ 1,300 111,424 11,920 57,040 181,684 Support costs 2022 £ 335,510 444,363 181,684 - 7,995 969,552	Grant funding of activities 2022 £ - - - - - Grant funding of activities 2022 £ - - - - - -	Total 2022 £ 1,300 111,424 11,920 57,040 181,684 Total 2022 £ 838,301 566,916 181,684 - 7,995 1,594,896	Total 2021 £ 1,289 63,216 2,845 56,637
				123,987
				Total 2021 £ 846,619 476,157 123,987 - 10,217
				1,456,980

The basis of allocation of costs between activities is described under accounting policies

The breakdown of this expenditure by type of spending (ie nominal classification) is detailed in note 30

Analysis of support and governance costs by charitable activities

Activity Teaching activities Welfare and accomodation Student support Grand Total	Governance £ - 7,995 7,995	Depreciation £ 54,929 54,929 57,040 166,898	Human Resources £ - - 1,300 1,300	Other Overheads £ 280,581 389,434 123,344 793,359	Total £ 335,510 444,363 189,679
					969,552

22

AL BADR ISLAMIC TRUST

Detailed analysis of income and expenditure for the year ended 31 December 2022 as required by the SORP 2019

This analysis is classsified by conventional nominal descriptions and not by activity.

23 Donations and Legacies Current year Unrestricted Funds 2022 £ Donations and gifts from individuals 220,121 ~~220 121~~ Revenue grants from government and public bodies - Total Donations and Legacies 220,121 24 Income from charitable activities - Trading Activities Current year Unrestricted Funds 2022 £ Primary purpose and ancillary trading 1,088,634 67,788 1,156,422 25 Current year Unrestricted Funds £ 2022 Total income from charitable trading 1,156,422 Total from charitable activities 1,156,422 Sundry income School fees Total Primary purpose and ancillary trading General donations from individuals and organisations Job Retention scheme- Furlough grants Total Income from charitable activities	Current year Unrestricted Funds 2022 £ 220,121 ~~220 121~~	Current year Restricted Funds 2022 £ - ~~-~~ - - Current year Restricted Funds 2022 £ - - - Current year Restricted Funds £ 2022 - -	Current year Total Funds 2022 £ 220,121 ~~220 121~~ - 220,121 Current year Total Funds 2022 £ 1,088,634 67,788 1,156,422 Current year Total Funds £ 2022 1,156,422 1,156,422	Prior Year Total Funds 2021 £ 145,499 ~~14 499~~
				~~5~~ 11,786
				157,285
				Prior Year Total Funds 2021 £ 1,164,182 116,398
	1,156,422			1,280,580
	Current year Unrestricted Funds £ 2022 1,156,422			Prior Year Total Funds £ 2021 1,280,580
	1,156,422			1,280,580

23

AL BADR ISLAMIC TRUST

Detailed analysis of income and expenditure for the year ended 31 December 2022 as required by the SORP 2019

26 Investment income

Investment income
Property Rental Income Other Investment Income Total investment income	Current year Unrestricted Funds 2022 £ 66,785 8,868	Current year Restricted Funds 2022 £ - - -	Current year Total Funds 2022 £ 66,785 8,868 75,653	Prior Year Total Funds 2021 £ 76,331 5,293
	75,653			81,624

The above rental income includes rent received from tangible fixed assets which amounted to £66,785 ( £76,331-2021)

27 Expenditure on charitable activities - Direct spending

Total direct spending Gross wages and salaries - charitable activities Defined contribution pension costs - charitable activities Catering and food School expenditure	Current year Unrestricted Funds 2022 £ 456,391 1,945 44,455 122,553	Current year Restricted Funds 2022 £ - - - - -	Current year Total Funds 2022 £ 456,391 1,945 44,455 122,553 625,344	Prior Year Total Funds 2021 £ 480,185 1,490 51,366 78,812
	625,344			611,853

24

AL BADR ISLAMIC TRUST

Detailed analysis of income and expenditure for the year ended 31 December 2022 as required by the SORP 2019

28 Current year Current year Unrestricted Funds Restricted Funds 2022 2022 £ £ Employee costs not included in direct costs 1,300 - Premises Expenses 124,772 - 131,585 - 32,203 - 360,956 - Administrative overheads 12,551 - 160 - 5,442 - 89,634 - 2,289 - 1,180 - 18,130 - 3,914 - 2,267 - (3,644) - Professional fees paid to advisors other than the auditor or examiner 2,000 - 9,920 - Financial costs 2,111 - 164,787 - Total support costs 961,557 - Total support costs 961,557 - The basis of allocation of costs between activities is described under accounting policies Equipment expenses Telephone, fax and internet Motor expenses Bank charges Light heat and power Cleaning and waste management Depreciation & Amortisation in total for the period Other legal and professional Proit/ Loss on disposal Sundry expenses School fees waived Liabilty and contents insurance Hire of equipment Website maintenance Payroll fees and charges Support costs for charitable activities Premises repairs, renewals and maintenance Rates and water charges Stationery and printing Accountancy fees other than examination or audit fees	Current year Total Funds 2022 £ 1,300 124,772 131,585 32,203 360,956 12,551 160 5,442 89,634 2,289 1,180 18,130 3,914 2,267 (3,644) 2,000 9,920 2,111 164,787 961,557 961,557	Prior Year Total Funds 2021 £ 1,289 106,603 137,190 19,810 301,969 12,953 6,290 4,703 36,492 4,721 - 24,411 3,753 456 1,714 1,250 1,595 99 169,612
		834,910
		834,910

25

AL BADR ISLAMIC TRUST

Detailed analysis of income and expenditure for the year ended 31 December 2022 as required by the SORP 2019

29 Other Expenditure - Governance costs

Auditor's fees Ofstead fees Total Governance costs 30 Total Charitable expenditure Total direct spending Total support costs Total Governance costs Total charitable expenditure	Current year Unrestricted Funds 2022 £ 3,960 4,035	Current year Restricted Funds 2022 £ - - - Current year Restricted Funds 2022 £ - - - -	Current year Total Funds 2022 £ 3,960 4,035 7,995 Current year Total Funds 2022 £ 625,344 961,557 7,995 1,594,896	Prior Year Total Funds 2021 £ 6,700 3,517
	7,995			10,217
	Current year Unrestricted Funds 2022 £ 625,344 961,557 7,995			Prior Year Total Funds 2021 £ 611,853 834,910 10,217
	1,594,896			1,456,980

26