**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 COnrn 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 conrn basis ol a¢¢ounbng Is apprwnale and no maierial uncertainties have been
Idenlifi&d. the auditor reports these COncis1OS 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 aChve$ fair presention 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 SOlY 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 quid 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