2024-12-31-accounts

The Charity Registration Number is :- 1045362

AL BADR ISLAMIC TRUST

Report and Accounts

31 December 2024

AL BADR ISLAMIC TRUST

Report and accounts for the year ended 31 December 2024

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 2024

The Trustees present their Report and Accounts for the year ended 31 December 2024.

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

The trustees who served as a trustee in the reporting period were as shown above, and there were no changes during the reporting year.

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 2024

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 A Level. Jamea also offers many level 3 courses, such as BTEC science, and BTEC Health & Social Care and Level 3 Education and Training.

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 environment that helps them develop spiritually 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 2024

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 19 Aalima students, whilst in Darul Uloom Preston 6 Aalim students graduated and 3 Hifz students from seven different ethnic backgrounds completed their Quran memorisation.

The Trustees are happy to report yet again that the Jamea al Kauthar GCSE 2024 results were excellent. The results in English, RS and Urdu were well above average, and the pass percentage in English and Maths was in line with the national average. The A-level & BTEC results for 2024 were also above average, with students achieving 100% in all subjects.

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 2024 students achieved excellent GCSE results, with the strong and standard pass rate well above the national average.

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.

Accrington Masjid

The charity Trust received donation of a mosque property as a restricted asset. The building was in need of extensive repair. The building was demolished and currently it is being rebuild. In the year end 31 December 2023 £197,872 was capitalised as expenditure on this project. The effect was to increase the restricted asset category as shown in the notes to the accounts.

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 and 60 students at the Preston 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 2024

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 candidates 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 responsibility for policy and major decision making. Day to day management and responsibility 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 2024

The financial position of the charity at 31 December 2024 and comparatives for the prior period, as more fully detailed in the accounts, can be summarised as follows:-

Restricted Funds Total Funds Net income Unrestricted Revenue Funds available for the general purposes of the charity	2024 £ 213,539 5,907,440 272,672 6,180,112	2023 £ 124,894
		5,703,901 262,672
		5,966,573

Financial review of the position at the reporting date, 31 December 2024 .

The trustees consider the financial performance by the charity during the year to have been satisfactory. The principal funding of the charity is from parents of students given by way of contributions fees for their children. The potential imposition of VAT on school fees and the removal of rates relief for independent schools will significantly increase the operational costs of the Trust. These additional financial pressures are likely to result in increased fees, which may pose challenges for students from disadvantaged backgrounds. The Trustees are concerned that such measures could affect the accessibility of our educational provision for those most in need, and will continue to assess the implications closely.

The Park Campus property (Moor Park Avenue, Preston PR1 6AS) is partly rented out to the previous owner. 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 2024

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 2024

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 Commission 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 31st December 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows, 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 31st December 2024 and of its incoming resources and application of resources for the year then ended;

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

•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 trustee’s 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 charity’s ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.

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

We have nothing to report in this regard

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 (Accounts and Reports) Regulations 2008 require us to report to you, if, in our opinion, based on the work undertaken in the course of the audit:

•the information given in the trustees’ report is inconsistent in any material respect with the financial statements; or

•sufficient accounting records have not been kept; or

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

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

7

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

Responsibilities of trustees

As explained more fully in the trustees' responsibilities statement,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.

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:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

•the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations; •we identified the laws and regulations applicable to the charity through discussions with trustees and other management, and from our commercial knowledge and experience of the charity 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 charity, including the Charities Act 2011;

•we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management; and

•identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.

• We assessed the susceptibility of the charity’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

•making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and

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

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

•performed analytical procedures to identify any unusual or unexpected relationships; •investigated the rationale behind significant or unusual transactions; and

•reviewed income and expenditure to ensure there was sufficient approval and oversight of the financial 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; and

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

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the trustees and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

8

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

As part of an audit in accordance with ISAs (UK), the auditor exercises professional judgment and maintains professional scepticism throughout the audit. The auditor also:

•Obtains an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control; and

•Evaluates the appropriateness of accounting policies used.

The auditor communicates with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that the auditor identifies during the audit.

Reporting on the financial statements

The auditor’s report is required to contain a clear expression of opinion on the financial statements taken as a whole.

To form an opinion on the financial statements the auditor concludes as to whether:

•the financial statements adequately refer to or describe the applicable financial reporting framework; •the financial statements appropriately disclose the significant accounting policies selected and applied. In making this evaluation, the auditor considers the relevance of the accounting policies to the entity and whether they have been presented in an understandable manner;

•the accounting policies selected and applied are consistent with the applicable financial reporting framework, and are appropriate;

•the accounting estimates made by the trustees are reasonable;

•the information presented in the financial statements is relevant, reliable, comparable and understandable. In making this evaluation, the auditor considers whether:

•the information that should have been included has been included, and whether such information is appropriately classified, aggregated or disaggregated, and characterised; and

•the overall presentation of the financial statements has been undermined by including information that is not relevant or that obscures a proper understanding of the matter disclosed;

•the financial statements provide adequate disclosures to enable the intended users to understand the effect of material transactions and events on the information conveyed in the financial statements;

•the terminology used in the financial statements, including the title of each financial statement is appropriate.

When the financial statements are prepared in accordance with a fair presentation framework, the auditor also evaluates whether the financial statements achieve fair presentation (i.e gives true and fair view) including consideration of:

•the overall presentation, structure and content of the financial statements; and

•whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation (or gives a true and fair view).

SKM Chartered Accountants is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a charity under section 1212 of the Companies Act 2006.

Use of our report

This report is made solely to the charity’s trustees, as a body, in accordance with the Charities Act 2011. Our audit work has been undertaken so that we might state to the trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

______Shamim Mahomed

SKM Chartered Accountants Statutory Auditor Pegasus House 5 Winckley Square, Mount Street Preston. PR1 8BU

Date:

9

AL BADR ISLAMIC TRUST - Statement of Financial Activities for the year ended 31 December 2024

Statement of Financial Activities for the year ended 31 December 2024

Income & Endowments from: Donations & Legacies A1 Charitable activities A2 Investments A4 Total income Expenditure on: Charitable activities B2 Total expenditure Income less 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 2024 £ 314,728 1,309,572 67,099	Current year Restricted Funds 2024 £ - - - - - - - - - 10,000 10,000 262,672 272,672	Current year Total Funds 2024 £ 314,728 1,309,572 67,099 1,691,399 1,758,865 1,758,865 (67,466) 281,005 213,539 - 213,539 5,966,573 6,180,112	Prior Year Total Funds 2023 £ 305,076 1,250,887 75,591
	1,691,399			1,631,554
	1,758,865			1,593,255
	1,758,865			1,593,255
	(67,466) 281,005			38,299 86,595
	213,539 (10,000)			124,894 -
	203,539 5,703,901			124,894 5,841,679
	5,907,440			5,966,573

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 2024

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 Income less expenditure Net income for the year Transfer between funds Net income after transfers Reconciliation of funds:- Total funds brought forward Total funds carried forward SORP Ref Net gains/(losses) on investments	Prior Year Unrestricted Funds 2023 £ 305,076 1,250,887 75,591	Prior Year Restricted Funds 2023 £ - - - - - - - 197,872 197,872 64,800 262,672	Prior Year Total Funds 2023 £ 305,076 1,250,887 75,591 1,631,554 1,593,255 1,593,255 38,299 86,595 (257,650) - 124,894 5,841,679
	1,631,554
	1,593,255
	1,593,255
	38,299 86,595
	124,894 (197,872)
	(72,978) 5,776,879
	5,703,901		5,966,573

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 2024

Statement of Total Recognised Gains and Losses for the year ended 31 December 2023

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	2024 £ (67,466) (67,466) - (67,466) 281,005 213,539 213,539	2023 £ 38,299
		38,299 -
		38,299 86,595
		124,894
		124,894

Resources applied in the year ended 31 December 2023 towards fixed assets for Charity use:-

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	2024 £ 213,539 (19,100) 194,439	2023 £ 124,894 (214,845)
		(89,951)

Movements in revenue and capital funds for the year ended 31 December 2024

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 2024 £ 5,703,901 213,539	Restricted Funds 2024 £ 262,672 - 262,672 10,000 272,672 Restricted Funds 2024 £ 272,672	Total Funds 2024 £ 5,966,573 213,539 6,180,112 - 6,180,112 Total Funds 2024 £ 6,180,112	Last year Total Funds 2023 £ 5,841,679 124,894
	5,917,440 (10,000)			5,966,573 -
	5,907,440			5,966,573
	Unrestricted Funds 2024 £			Last Year Total Funds 2023 £
	5,907,440			5,966,573

12

AL BADR ISLAMIC TRUST - Balance Sheet as at 31 December 2024

	Notes Ref	Notes Ref			2024		2023
					£		£
Fixed assets		A
Tangible assets	9	A2			5,838,167		5,976,343
Investments held as fixed assets	10	A4			798,000		794,000
Total fixed assets					6,636,167		6,770,343
Current assets		B
Debtors	11	B2		121,004		109,054
Investments held as current assets	12	B3		613,818		336,813
Cash at bank and in hand		B4		36,229		83,849
Total current assets				771,051		529,716
Creditors: amounts falling due
within one year	13	C1	(1,227,106)			(1,333,486)
Net current liabilities					(456,055)		(803,770)
The total net assets of the charity					6,180,112		5,966,573
The total net assets of the charity are funded by the funds of the charity, as follows:-	The total net assets of the charity are funded by the funds of the charity, as follows:-				The total net assets of the charity are funded by the funds of the charity, as follows:-	The total net assets of the charity are funded by the funds of the charity, as follows:-
There are no unanalysed prior period funds
Restricted Funds	16				272,672		262,672
Unrestricted Funds
Unrestricted Revenue Funds	16	D3	5,445,917			5,523,383
Unrestricted Revaluation Reserve	16			461,523		180,518
					5,907,440		5,703,901
Total charity funds					6,180,112		5,966,573
				a)
				/
				/
Mr Huzayfa Wadee Trustee		. fi	—	/ 4A\f —
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 2024

2024 £ Cash flows from operating activities Net cash provided by operating activities as shown below 18,381 Cash flows from investing activities Other investment income, including rents from investments 67,099 Proceeds from sale of investments - Purchase of property, plant and equipment and investments (19,100) Net cash used in investing activities 47,999 Cash flows from financing activities Cash inflows from new borrowings (114,000) Net cash provided by /(used in) financing activities (114,000) Overall cash used in all activities (47,620) Cash movements Change in cash and cash equivalents from activities in the year ended 31 December 2024 (47,620) Cash and cash equivalents at 1 January 2024 83,849 Change in cash and cash equivalents due to exchange rate movem - 36,229 Net income as shown in the Statement of Financial Activities 213,539 Adjustments for :- Depreciation charges 157,276 Net losses/(gains) on investment assets (281,005) Dividends, interest and rents from investments (67,099) Profit /Loss on the sale of Fixed and Intangible Assets - Decrease/(increase) in debtors (11,950) Increase/(decrease) in creditors, excluding loans 7,620 Net cash provided by operating activities 18,381 Analysis of cash and cash equivalents 2024 £ Cash in hand at for the year ended 31 December 2024 36,229 Total cash and cash equivalents 36,229 Reconciliation of net income to net cash flow from operating activities Cash at bank and in hand less overdrafts at 31 December	2023 £ 172,037
	75,591 - (221,345)
	(145,754)
	16,800
	16,800
	43,083
	43,083 40,766 -
	83,849
	124,894 154,621 (86,595) (75,591) - 54,168 540
	172,037
	2023 £ 83,849
	83,849

14

AL BADR ISLAMIC TRUST

Notes to the Accounts for the year ended 31 December 2024

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 Commission'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. Investments held as current assets are stated at market value. Any unrealised gains or losses are transferred to revaluation reserve.

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 2024

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

Depreciation of owned fixed assets Pension costs Auditors' remuneration 6 Investment gains Unrealised gains /(losses) and writing down of carrying values Other Unlisted Investments - Unrealised 277,005 - Investment properties - Unrealised 4,000 - Total unrealised gains/(losses) etc 281,005 - The net surplus before tax in the financial year is stated after charging:-	2024 £ 157,276 1,129 4,142	2023 £ 154,621 1,250 5,286
	2024 £ 277,005 4,000	2023 £ 62,595 24,000
	281,005	86,595

16

AL BADR ISLAMIC TRUST

Notes to the Accounts for the year ended 31 December 2024

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	2024 £ 504,325 1,129	2023 £ 450,299 1,250
	505,454	451,549
	2024 56	2023 52
	52 4	48 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	2024 £ 7,269 2,728 12,795 -	2023 £ 6,623 3,909 11,657 2,331
	22,792	24,520

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 2024 Additions Disposals At 31 December 2024 Depreciation At 1 January 2024 Charge for the year Eliminated on disposals At 31 December 2024 Net book value At 31 December 2024 At 31 December 2023	Land and Buildings £ 7,622,026 10,000 -	Plant & Machinery & Vehicles £ 686,481 - -	Fixtures and fittings £ 307,799 9,100 -	Total £ 8,616,306 19,100 -
	7,632,026	686,481	316,899	8,635,406
	1,698,888 140,187 -	649,475 10,440 -	291,600 6,649 -	2,639,963 157,276 -
	1,839,075	659,915	298,249	2,797,239
	5,792,951	26,566	18,650	5,838,167
	5,923,138	37,006	16,199	5,976,343

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 2024

10 Investments held as fixed assets

Listed investments £ Carrying values of investments At 1 January 2024 - Additions - Revaluation at 31 December 2024 - At 31 December 2024 - 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 £ 794,000 - 4,000	Total £ 794,000 - 4,000
	798,000	798,000
	798,000	798,000
	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 Prepayments and accrued income Other debtors 12 Investments held as current assets value at 31 December 2024 At market Value Other investments Investments as above held at historical cost, less any write down 13 Creditors: amounts falling due within one year Karze Hassana loans Trade creditors Accruals PAYE, NIC VAT and other taxes	2024 £ 111,004 10,000 -	2023 £ 109,054 - -
	121,004	109,054
	2024 £ 613,818	2023 £ 336,813
	394,633	394,633
	2024 £ 937,632 261,244 25,201 3,029	2023 £ 1,051,632 258,992 22,380 482
	1,227,106	1,333,486

18

AL BADR ISLAMIC TRUST

Notes to the Accounts for the year ended 31 December 2024

14 Income and Expenditure account summary

Income and Expenditure account summary At 1 January 2024 Surplus after tax for the year At 31 December 2024	2024 £ 5,966,573 213,539	2023 £ 5,841,679 124,894
	6,180,112	5,966,573

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

At 31 December 2024 Tangible Fixed Assets Investments at valuation:- Fixed asset investments Current Assets Current Liabilities At 1 January 2024 Tangible Fixed Assets Investments at valuation:- Fixed asset investments Current Assets Current Liabilities	Unrestricted funds £ 5,565,495 798,000 771,051 (1,227,106)	Designated funds £ - - -	Restricted funds £ 272,672 - -	Total Funds £ 5,838,167 798,000 771,051 (1,227,106)
	5,907,440	-	272,672	6,180,112
	Unrestricted funds £ 5,713,671 794,000 529,716 (1,333,486)	Designated funds £ - - - -	Restricted funds £ 262,672 - - -	Total Funds £ 5,976,343 794,000 529,716 (1,333,486)
	5,703,901	-	262,672	5,966,573

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

Total unrestricted and designated funds Restricted funds:- Restricted Fixed Asset Funds Total charity funds	£ Funds brought forward from 2023	See Note 17 £ Movement in funds in 2024	£ Transfers between funds in 2024	£ Funds carried forward to 2025
	5,703,901	213,539	(10,000)	5,907,440
	262,672	-	10,000	272,672
	5,966,573	213,539	-	6,180,112

19

AL BADR ISLAMIC TRUST

Notes to the Accounts for the year ended 31 December 2024

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 2024 £ 1,691,399	Expenditure 2024 £ (1,758,865)	Other Gains & Losses 2024 £ 281,005	Movement in funds 2024 £ 213,539
	-	-	-	-
	1,691,399	(1,758,865)	281,005	213,539

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 2024

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 Activity Income from charitable activities Total Income from charitable activities	2024 £ 1,236,152 70,265 3,155 1,309,572 1,309,572 314,728 67,099 1,691,399	2023 £ 1,182,732 60,678 7,477
		1,250,887
		1,250,887 305,076 75,591
		1,631,554

21 Analysis of charitable expenditure by activity

Direct costs 2024 £ Teaching activities Direct costs 575,596 Employee costs not included in direct costs - Volunteer costs - Premises expenses - Administrative overheads - Depreciation - 575,596 Direct costs 2024 £ Welfare and accomodation Direct costs 166,697 Premises expenses - Administrative overheads - Depreciation - 166,697 Total Welfare and accomodation Activity Total Teaching activities	Support costs 2024 £ - 3,056 - 324,204 3,785 52,425 383,470 Support costs 2024 £ - 457,156 2,198 52,425 511,779	Grant funding of activities 2024 £ - - - - - - - Grant funding of activities 2024 £ - - - - -	Total 2024 £ 575,596 3,056 - 324,204 3,785 52,425 959,066 Total 2024 £ 166,697 457,156 2,198 52,425 678,476	Total 2023 £ 499,344 - - 277,484 20,650 51,540
				849,018
				Total 2023 £ 143,212 418,953 1,614 51,540
				615,319

21

AL BADR ISLAMIC TRUST

Activity analysis of Income and expenditure for the for the year ended 31 December 2024

Direct costs 2024 £ Student support Direct costs 13,569 Employee costs not included in direct costs - Administrative overheads - Professional fees - Depreciation - 13,569 Total Student support	Support costs 2024 £ - 1,182 29,543 10,153 53,047 93,925	Grant funding of activities 2024 £ - - - - - -	Total 2024 £ 13,569 1,182 29,543 10,153 53,047 107,494	Total 2023 £ 9,700 298 46,702 11,723 52,969
				121,392

Summary of charitable costs by activity

Total Teaching activities Total Welfare and accomodation Total Student support Total Other charitable activities Governance costs as detailed in note 29 Total charitable expenditure	Direct costs 2024 £ 575,596 166,697 13,569 - - 755,862	Support costs 2024 £ 383,470 511,779 93,925 - 13,829 1,003,003	Grant funding of activities 2024 £ - - - - - -	Total 2024 £ 959,066 678,476 107,494 - 13,829 1,758,865	Total 2023 £ 849,018 615,319 121,392 - 7,526
					1,593,255

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 £ - 13,829 13,829	Depreciation £ 52,425 52,425 53,047 157,897	Human Resources £ 3,056 - 1,182 4,238	Other Overheads £ 327,989 459,354 39,696 827,039	Total £ 383,470 511,779 107,754
					1,003,003

22

AL BADR ISLAMIC TRUST

Detailed analysis of income and expenditure for the year ended 31 December 2024 as required by the SORP 2019

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

23	Donations and Legacies Total Donations and Legacies General donations from individuals and organisations	Current year Unrestricted Funds 2024 £ 314,728	Current year Restricted Funds 2024 £ - -	Current year Total Funds 2024 £ 314,728 314,728	Prior Year Total Funds 2023 £ 305,076
		314,728			305,076

24 Income from charitable activities - Trading Activities

Primary purpose and ancillary trading 25 Total income from charitable trading Total from charitable activities Total Income from charitable activities School fees Total Primary purpose and ancillary trading Sundry income	Current year Unrestricted Funds 2024 £ 1,236,152 73,420	Current year Restricted Funds 2024 £ - - - Current year Restricted Funds £ 2024 - -	Current year Total Funds 2024 £ 1,236,152 73,420 1,309,572 Current year Total Funds £ 2024 1,309,572 1,309,572	Prior Year Total Funds 2023 £ 1,182,732 68,155
	1,309,572			1,250,887
	Current year Unrestricted Funds £ 2024 1,309,572			Prior Year Total Funds £ 2023 1,250,887
	1,309,572			1,250,887

23

AL BADR ISLAMIC TRUST

Detailed analysis of income and expenditure for the year ended 31 December 2024 as required by the SORP 2019

26 Investment income Investment Property Rental Income Other Investment Income Total investment income	Current year Unrestricted Funds 2024 £ 66,698 401	Current year Restricted Funds 2024 £ - - -	Current year Total Funds 2024 £ 66,698 401 67,099	Prior Year Total Funds 2023 £ 71,883 3,708
	67,099			75,591

The above rental income includes rent received from tangible fixed assets which amounted to £45,837 ( £50,004-2023)

27 Expenditure on charitable activities - Direct spending

Total direct spending Defined contribution pension costs - charitable activities Catering and food School expenditure Jalsa and Ceremonial activities Gross wages and salaries - charitable activities	Current year Unrestricted Funds 2024 £ 504,325 1,129 70,142 166,697 13,569	Current year Restricted Funds 2024 £ - - - - - -	Current year Total Funds 2024 £ 504,325 1,129 70,142 166,697 13,569 755,862	Prior Year Total Funds 2023 £ 450,299 1,250 47,795 143,212 9,700
	755,862			652,256

24

AL BADR ISLAMIC TRUST

Detailed analysis of income and expenditure for the year ended 31 December 2024 as required by the SORP 2019

28 Current year Current year Unrestricted Funds Restricted Funds 2024 2024 £ £ Employee costs not included in direct costs 3,056 - 1,182 - Premises Expenses 132,953 - 351,524 - 41,589 - 255,294 - Administrative overheads 13,550 - 3,611 - 11,829 - (3,041) - 2,198 - - - 1,980 - 4,712 - 687 - Professional fees paid to advisors other than the auditor or examiner 1,850 - 8,303 - Financial costs 621 - 157,276 - Total support costs 989,174 - Total support costs 989,174 - The basis of allocation of costs between activities is described under accounting policies Stationery and printing Accountancy fees other than examination or audit fees Premises repairs, renewals and maintenance Rates and water charges Support costs for charitable activities Payroll fees and charges Training and welfare - staff Sundry expenses School fees waived Liability and contents insurance Hire of equipment Website maintenance Motor expenses Bank charges Light heat and power Cleaning and waste management Depreciation & Amortisation in total for the period Other legal and professional Equipment expenses Telephone, fax and internet	Current year Total Funds 2024 £ 3,056 1,182 132,953 351,524 41,589 255,294 13,550 3,611 11,829 (3,041) 2,198 - 1,980 4,712 687 1,850 8,303 621 157,276 989,174 989,174	Prior Year Total Funds 2023 £ - 298 141,470 255,024 34,322 265,621 14,091 3,420 6,498 19,809 1,614 - 18,940 4,288 306 2,300 9,423 1,428 154,621
		933,473
		933,473

25

AL BADR ISLAMIC TRUST

Detailed analysis of income and expenditure for the year ended 31 December 2024 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 2024 £ 4,142 9,687	Current year Restricted Funds 2024 £ - - - Current year Restricted Funds 2024 £ - - - -	Current year Total Funds 2024 £ 4,142 9,687 13,829 Current year Total Funds 2024 £ 755,862 989,174 13,829 1,758,865	Prior Year Total Funds 2023 £ 5,286 2,240
	13,829			7,526
	Current year Unrestricted Funds 2024 £ 755,862 989,174 13,829			Prior Year Total Funds 2023 £ 652,256 933,473 7,526
	1,758,865			1,593,255

26