**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