TAYYIBAH EDUCATIONAL TRUST ANNUAL REPORT & FINANCIAL STATEMENTS YEAR ENDED 31 AUGUST 2024 Charity Number 1056343
TAYYIBAH EDUCATIONAL TRUST YEAR ENDED 31 AUGUST 2024 FINANCIAL STATEMENTS CONTENTS PAGE Trustees Annual Report Independent Examinerfs report Statement of Financial Activities Balance sheet Cash Flow Statement 10 Notes to the Financial Statements 11-18
TAYflBAH EDUCATIONAL TRUST TRUSTEES ANNUAL REPORT YEAR ENDED 31 AUGUST 2024 The Tnjstees present their annual report together with the independently examined financial statements for the Charity for the year ended 31 August 2024. The Trustees have adopted the provisions of the Statement of Recommended Practice {SORP) "Accounting and Reporting by Charities" (FRS 102) in preparing the annual report and financial slatements of the Charity. The financial statements have been prepared in accordance with the accounting policies set out in rÈote I to the accounts and comply with the Charity's goveining document (trust deed), the Charities Act 2011 and Accounting and Reporting by Charities: Staten]ent of Recommended Practice (second ¢ditioii) and FinaJicial Reporting Standard FRS 102. REFERENCE AND ADMINISTRATIVE DETAILS Registered charity name TAYYIBAH EDUCATIONAL TRUST Charity registration number 1056343 Principal and Registered office 88 Filey Avenue. London. N16 6JJ The trustees The charity is administered by an executive management committee comprising of the following Trustees: Elected Trustees: Aljdul Sattar Said Mohmed Amin Hikmatrjlla Rashid Mulla Sadulla Solkar Iqbal Dhoodhat Abdullah Ahmed Rawal (appoinled on 2610412024) Huzaifa Kolia (appointed on 2610412024) Mohamed Zakaria Maljee (appointed 011 2610412024) Mohammed Siddiq Hikn)atulla (appointed on 2610412024) Charity Secretary: Manzoor Balesaria Bankers: Natwest Bank 135 Bishopsgate London EC?M 3UR Independent Examlner Arif Malida Chartered Accountants 66 Moyser Road London SW16 6SQ
TAYYIBAH EDUCATIONAL TRUST TRUSTEES ANNUAL REPORT (continuèd) YEAR ENDED 31 AUGUST 2024 Governing Document The charity is governed by a trust deed dated 21" April 1996 and is registered with the Charity Commission of England & Wales. Objectives, Aims and Activities For The Public Benefit The principal activities and objective of the charity is to advance the academic as well as Islainic Education in accordance with the Holy Quran and Ahadith within the bounds of Ahle-sunnat Wal Jamaat. The airns and activities of the charity are to provide a balanced curriculurn for all pupils from the ages 5 to 18 and to provide an environment that encourages students to pursue their academic & wider interests so they can develop mature attiludes that serve them well in university and later life. The school is girls only. In addition to the core curriculum. the school provides a wide range of extracurricular activities and pursuits. In setting out our objectives and planning our activities, the Trustees have given careful consideration to the Charity Commission's guidance on public benefit and in particular to its supplementary public benefit guidance on advancing education and on fee charging. Structure, Governance and Management The trustees form the executive management of the charity and detemine the general policy. The day to day management is overseen by the leadership team comprising of trustees and teachers. They are assisted in the day to day management by other senior manageinent personnel teaTn who aTe siipported by staff members. The administration of the school by the senior management team is undertaken within the policies and procedures approved by the G0vem0. Significant decisions for the charity require approval fiom the trustees prior to undertaktng. The trustees meet a minimum of three limes (termly) during the year to review the charities, activities and performance. Trustee Selection Methods & Induction / Training The appointment of new or additional iruslees resls wilb the executive committee. The trustees are satisfied that they are appropriately qualified and trained as trustees. If new Iruslees require guidance or training, they are referred to CC3 "The Egsenti21 Trustee" guidance from the Charities Commission. Ach ievements and Performance Continued Professional Development (CPD) The school continued in below activities: Investment in staff developmenl thmugh external and in-house training. Collaboration with external agencies, examination board4 and Ihe Association of Muslim Schools. Mentorsbip for teachers working towards NQT (Newly Qualified Teacher) and QTS (Qualified Teacher Status).
TAYYIBAH EDUCATIONAL TRUST TRUSTEES ANNUAL REPORT (cofttinuod) YEAR ENDED 31 AUGUST 2024 GCSE Examination Results Achievement: 630/0 of students achieved grade 5 and above in GCSES, including English and Maths. Outcom¢: Students arc well-PTepared for the next slage of theiT education. Enriehment Activities The school continues its enrichment prograTnm¢. offering a diverse range of activities: Sports & Hobbies: Archery, table tennis, clay modelling, henna and glass painling. Work Experience: Opportunities for secondary sludents. Career Guidance.. Provided from Key Stage l (KSI) lo Key Siage 4 (KS4). Workshops & Events: Author workshops. Activities for HolocaLLSt )d Black History Month. Junior Citizenship scheme. Fire safety workshop E-Saf¢ty workshop. Multicultural day. International Women's Day celebralions. Maths day challenges including Mathletics and Pie day. Student Presentation, Awards and Assemblies ATrva rd5 Ceremony: R¢cogniz¢d GCSE students with gifts and certificates. Presentation Day: End-of-year cvent to honour students for acbievements and exceptional effort, with voiichers and gifts as prizes. Competitiolls Our students took part in various competitions including Young writers, Mathletics etc. Charitable Activities The school engaged in nurnerous charitable activities, including: NSPCC 'Odd Socks Day, fundraiser for anti-bullying week. Fundraiser for Women's Aid during International Women's Day. Aid Collections: For poverty-stricken countries and those affected by natural disasters. Overall, the school has demonstrated a commitment to holistic development through strong academic perfomance, enrichment activities, professional development, and community involveiT]ent. The main school activities have continued through the year. Charity This organisation is Tegistered &% a charity under the Charities Act 2011.
TAYYIBAH EDUCATIONAL TRUST TRUSTEES ANNUAL REPORT (continued) YEAR ENDED 31 AUGUST 2024 Risk management Tlie Trustees hav¢ a risk management strategy which comprises- An annual review of potential risks; The establishment of systems and procedures to mitigale those risks identified in the plan and The implementation of procedures desIed to minimise any potentia] impact on the harity should those risks mafrrialise. Thes¢ measures identified the risks facing Ihe charity and its operations and have given the impetus for better planning. These risks have been reviewed by the truslees and systems have been eslablished to offset these risks. The trustees, believe that this approach to risk management is an effective process. Public Benefit The review covers the 30th year of the %h(K)l. The school currently has 173 pupils on roll. Th¢ school continues to consolidate on its achievement prioritising academic and personal development through some of the a¢iivities outlined above under "Achievements and Perfomiaiiee" The school had a routine Ofsted inspeciion in March 20?2. Overall, the school was ratsd 'Good' with behaviour rated as Outstanding. All Independent school standards are being mel. The Charity intends to Continue this programme for the long term in accordance with the guidance issued by the Charities Commission. Fund Raising The Charity fundraises from the general public by holding collection days/events. In this regard, arrangements ar¢ Tnade only with UK registered charities for such fundraising. Additionally the Charity undertakes internal charity drives with its studenls in the fonn of Collection Days.
TAYYIBAH EDUCATIONAL TRUST TRUSTEES ANNUAL REPORT (continued) YEAR ENDED 31 AUGUST 2024 Financial Review The statement of fjnancial activities shows a deficit for the year of £14,695 for continuing unrestricted activities. Whilst the charity has sufficient reserves in place, there has been no tnajor increase in unrestrict¢d reserves due to the increasing level of expenditure for charil&ble activities and goveTnance costs. School fees income for the year has increased compared to last year. However due to the iiicrease in electricity & gas bill and increased salary, the small deficit arose this year. The trustees are satisfied with the review and will continue the review over the next year to ensure the level of expeiiditure of the charity is met by the level of incoming resources. The Trustees have reviewed the budgelary requiTements of the School and remain satisfied that the School has sufficient cash flow resources in order to operate. Plans for Future periods Following a change in legislation, school fees in the private sector are subject to VAT. From l January 2025, the charity registered for VAT and has been filing VAT returns as obligated. Reserves Policy The trustees continue to monitor the charity's reserves and uni'estricted fund. The Trustees are satisfied that the balance of the Fund is an acceptable level of reserves for the charity given the nattire of incoming resources against resources expended. Truslees Remuneration No trustees received any remuneration for the year ended 31 August 2024 (2023: nil) Independent Examiner A resolution to re-appoint Arif Malida as independent examiner for the coming year will be proposed at the Annual General Meeting.
TAYYIBAH EDUCATIONAL TRUST
TRUSTEES ANNUAL REPORTI
coniffnued)
YEAR ENDED 31 AUGUST 2024
Statcmeiit of Trustees. Responsibilities
Tlie T'iiisliis dre I'espI)n.sible tur i?repariiiLI Ilie Tru.51ees Ai)iiual Fiepori 311d tliL I Iiiaiicial slalLiiieiirs IF)
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TAYYIBAH EDUCATIONAL TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF TAYYIBAH EDUCATIONAL TRUST YEAR ENDED 31 AUGUST 2024 I report on the accounts of the charity for the year ended 3 l August 2024 which are set out on pages S to 18 Responsibilities 2nd basis of report As the charity's trustees you are responsible for the preparation of the accounts in accord]Ce with the requirements of the Charities Act 2011 ('the Act,). I report in respect of my examination of the charity's accounts carried out under section 145 of ihe Act and in carrying oul my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Independent examiner's st2tement Since the charity's gross income exceeded £?50,000 your exaJniner must be a member of a body listed in seclion 145 of the Act. I confirni that J am qualified to undertake the ¢xamiTJalion because l am a member of ICAEW. which is one of the listed bodies. I have completed my examination. I confirn] that no rnafrrial matters have come to my attention in connection with tlie examination giving me cause lo believe that kn any material respect.. accounting records were not kept in respect of the charity as required by section 130 of the Act; or the accounts do not accord with those records. or 3. tlie accounts do not comply with the applicable requirements concerning the fonn and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any i'equirement that the accounts give a 'true and fair view, which is not a matter consÈdered as pait of an independent examination. I have no concerns and have cornc aeross no other matters in connection with the examinal'ion to which attention should be drawn in this report in order to enable a proper understanding of the accouiits to be reached. Arifmalida CharteredAccountanls M Malida FCA, for and on behalf of Arif Malida Chartered AcCounLts ICAEW 66 Moyser Road, London, SW16 6SQ 16 June 2025
TAYYIBAH EDUCATIONAL TRUST STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 AUGUST 2024 Unrestricted Restricted Total Funds Funds Funds 2024 Tot8J Funds 2023 Not6 INCOME FROM Voluntary income Charitable Activities 3,061 659,903 3,061 659,903 3,773 568,336 TOTAL INCOME 662,964 662,964 572,109 EXPENDITURE ON Charitable activities (677,659) (677,659) (677,659) (604,860) TOTAL EXPENDITURE (677,659) (604,860) NET INCOME FOR THE YEAR RECONCILIATION OF FUNDS Total fund5 brought forward TOTAL FUNDS CARRIED FORWARD (14,695) (14,695) (32,751) 1,243,105 1,243,105 1,275.856 1,228,410 1,228,410 1,243,105 The Statement of Financial Activities includes all gains and losses ID the y¢ar and therefoTe a statefflent of total recognised gains and losses has not been prepared. All of the above amounts relate to continuing activities.
TAYIIBAH EDUCATIONAL TRUST BALANCE SHEET AS AT 31 AUGUST 2024 rixF.D ASSEI'S: ?024 Note I-'I-LL'liolcl Pi'operl I,1?1,346 7,069 CIIRRf.N'f AS,SF.-r. L a%li ¢111i11nk diid in liaiid 112.871 141 112,871 141 Si8 c.'iir.DITIIRS.. 4 mi)uiils fallinu due M'iihin one 10 {4? 8761 i j7:5?0} NET CURRENT.45SFTS 69,99) 84..IU8 "I"OTAL AS%ETS LESS CURRFNT LIABILITITr..S ,228,410 1 ?43,105 r4r,"I' ,i%.(iF:TS ,228,410 1 ?4J.105 FLIND. L Iiir¢.%triLied inLoniL funds 11 1,228,410 TOTAL FLINI) 1,2?11,410 1 74.1.lU.S Tliese IiiiilllCi.?1514qleiiiLni_g WLfL <ippfoi.'Ld by Ihe .1 rLi4lCL% oil 16 Jiine ?0?) I'rusl¢e Naine.. Iqbal Dhoodhcil Ti'i151ee Naiiie-. Abdullah Al)nied RJivul
TAYYIBAH EDUCATIONAL TRUST CASH FLOW STATEMENT YEAR ENDED 31 AUGUST 2024 2024 2023 RECONCILIATION OF NET INCOMtNGI(oirrGOING) RESOIIRCES BEFORE TRANSFERS TO NET CASH IINFLOW/(OUTFLOW) FROM OPERATING ACTIVITIES Net incoming(outgoiTtg) resources before transfers Depreciation Decrease/(Increase) in debtors IICT¢ase/(Decrease) in creditors Net cash inflowl(outflow) from operating activities (14,695) 2,356 (32,751) 2.574 (14,644) (26,983) 2.713 (27.464) CAPITAL EXPENDITURE Payments to acquire tangible fixed assets Net c&%h outflow from capital expenditure 1,704 (1,704} Casli inflow/(outflow) before financing (28,687) (27,464) FINANCING Nel outflow frorn other loans Net c&%h outflow from financing INCREASE/(DECREASE) IN CASH (28,687) (27,464) RECONCILIATION OFNET CASH FLOW MOvEmEr TO MOVEMENT IN NET FUNDS 2024 2023 Increasel(Decrea5e) in cash in the period (28,687) (27,464) Change in net funds Net debt at I September 2023 Net funds at 31 August 2024 (28,687) 141,558 (27,464) 169,022 112,871 141,558 ANALYSIS OF CHANGES IIY NET FUNDS I Sep 23 Cash flows 31 Aug 24 Cash at bank 141,558 (28,687) {28,687) 112,871 141,558 112,871 io
TAYYIBAH EDUCATIONAL TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 AUGUST 2024 ACCOUNTII¥G POLICIES a) General infonnation & Basis of aeeounting Tayyibah Educational Trust is an unincorporated charitable trust registered in England & Wales. The address of the charity is stated on page l of the accounts. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice (2019) applicable to charities preparing their accounts in accoTdance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019, the Charities Act 2011, and UK Generally Accepted Practice. Assets and liabilities are initially recognised ai hisloric8J cost or transaction value unless otherwise stated in the relevant accounting policy OT note. b) Funds The chariiy has a single unrestricted fund. Unrestricted income funds comprise those funds which the trustees are free to use at their discretion for any pUoSe in furtherance of the charitable objects. ) Incoming Resources Incoming resources arc included on the statement of financial activities when the charity is legally entitled to the income and the amounl can be quantified with reasonable accuracy. Voluntary Incoming resources including donations are recognised on the statemeiit of financTal activities when the charity is legally entitled to the income, il is certain that the resources will be received and the monetary value of incoming resources can be measured with sufficient reliability. Income is only deferred when the donor has specified that the income is to be expended in a firture year. Income from Charithble Activities represents amounts receivable for school fees in respect of the terms within the academic year. Fees are stated after deducting allowances, scholarships granted by the Trustees. Other Educational Income is also recognised here and is comprised of sale of school books and uniforni. This income is recognised on a receivable basis. d) Resources espended All expendilure is included on an accruals b&sis and is recognised when there is a legaj or constructive obligation to pay for expenditur¢. The trust is not yet regtstered for VAT and acwrdingly expeiiditur¢ is shown gross of irrecoverable VA T. Due to changes in legislation, the cbarity registered for VAT effective from 01 January 2025 afier the end of the accounting period. Accordingly, in the next accounting period, VAT recovery will be possible on expenses where applicable. Charitable activities are made up of payments incurred by the Ch[ty in SpeCt of the costs ass0¢iated with the school and in deltvery of its activities and services for its beneficiaries. Governance costs are made up of costs &8sociated with meeting the statutory requirements of the charity.
TAYYIBAH EDUCATIONAL TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 AUGUST 2024 e) Fixed assets All fixed assets are initially recorded at cost. Depreeiation Depreciation is calculated so as to write off the cost of an asseL less its estimated residual value, over the useful economic life of that asset &8 follows: Equipment: Furniture and Fittlngs: 25 0/0 Reducing balance 25 /0 Reducing balance No depreciation is Provided on freehold propety. Taxation Tayyibah educational trust is a registered charity and therefore is noi liable to incoine tax on income derived from its charitable activities. VOLUNTARY INCOME 2A De¢ill¢d notts for th¢ s¢t¢m¢Dt of fpnnci41 #eifvS¢le$ 2024 Unr¢5tritied 1024 ResirScttd 2024 Tot#1 Ineomt Fro Donatsons S¢hool Fce$ 3.061 659.903 3,061 659,903 Totxl ihcomt ¢nditvr¢ o Cl)aritable Activities 66¥64 677,659 677ffj59 TotAI cxpenditort Net ineome l {txpeoditure) 677.659 (14.695) 677,659 (14,6951 Net illcome l {expenditurel before other rttogn15eiJ gaity5 Ind lo$$ts (14.695) {1(695) Ntt in fyttd$ (14.695) 1243,105 (14,6941 1,243,JOS Tot&J fldS brought forrd I'otxl funds ¢Arried forward 122..8,410 1,221410 12
TAYYIBAH EDUCATIONAL TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 AUGUST 2024 2B Detliltd tOTnPHrntivÉs for the $tsternent of finxial cliviiie5 2023 2023 Rtsti7tted 2023 Totsl Unrestrhcted cOe Fro¥n DOlI0nS School Fees 3,773 568,336 S68J36 TotAI income en(liture OD: Charitabl¢ ActlV111¢5 571109 $72,109 604.8 604,860 Totjbl ¢xp¢nditurt 604.86 6Q4,860 Net income I lejpenditurtl Ntt IDcoint I lexpeThditurel bc10 othtr rero8uised gaÉn5 105%es (32.751) (32,7511 (31751) (32,7511 Net movement ill fundx (32.751) 1,275,856 (32.751) 1.275 J56 Total fw)ds broughi fonvard I'otfil funds cfirrted forwArd 1.243.105 1,243,105 INCOME FROM Unrestrlcted Restricted Total Funds Total Funds Funds Funds 2024 2023 School Fee5 Donation 659,903 3.061 659,903 3,061 568,336 3,773 662,964 662,964 572,109 13
TAYYIBAH EDUCATIONAL TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 AUGUST 2024 CHARrfABLE ACTtVlTIES Unrestricted Restricted Total Funds Tota] Funds Funds Funds 2024 2023 Light and Heat Printing, Postage, Stationary School Books 21,954 3,669 2,360 12,939 1,416 747 21,954 3,669 2,360 12,939 1,416 747 18,208 3,?37 2.877 13,150 2,175 902 Exam Fees Telephone & Internet Repairs & Maintenance Wages and Salaries Insurance 581,516 7J15 2J40 581,516 7,315 2,340 517,080 6,099 2,528 475 Rates Donation Grant Cost Travel 4J86 6,190 5,898 2,356 16,124 1,829 1,620 4,386 6,190 5,898 2J56 16,124 1,829 1,620 4,018 2,136 13,567 2,574 10,K13 1,601 1,620 Sundry Expenses Computer Maintenance DeprecRation Professional Fees Bank Charges Independent Examiner Fees Ofsted Inspection F¢¢s 677 659 677 659 604 860 14
TAYYIBAH EDUCATIONAL TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 AUGUST 2024 EXPENDITURE ANALYSIS Charitable activities Direct Costs 2024 Totgl 2D23 Totsl Light and Heat Printing, Postage, Stationary School Books Exam Fees Telephone & Internet Repairs & Maintenance Wages and Salaries Insurance 21,954 3,669 2,360 12,939 1,416 747 21,954 3,669 2,360 12,939 1,416 747 18.208 3,237 2,877 13,150 2,175 902 581,516 7J15 2J40 21,954 3,669 2J60 5,898 2J56 581,516 7,315 2,340 21,954 3,669 2?60 5,898 2,356 517,080 6.099 2,528 475 Rates Donation Grant Cost Travel 4,018 2.136 Sundry Expenses Computer Maintenance Depreciation ort Costs 13,567 2,574 Professional Fees Bank Charges Independent Examiner Fees Ofsted Inspection Fees 16,124 1,829 1,620 5,000 16,124 1,829 1,620 5.000 10,113 1,601 1,620 2,500 653,086 24,573 677,659 604,860 NET INCOME FOR THE YEAR This is stated after charging: 2024 2023 Depreciation 2,356 2,574 Independent Examiner, rernuneration 1,620 1,620 15
TAYYIBAH EDUCATIONAL TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 AUGUST 2024 STAFF COSTS AND EMOLUMINTS Total staff costs were as follows: 2024 2023 Wages and salaries 581,516 517,080 581,516 517,080 The average Tnonthly number of employees during the year was as follows: 2024 2023 Number of staff 33 34 No employee received emoluments of more than £60,000 during the year (2023 - Nil). TANGIBLE FIXED ASSETS Freehold Property Fixtures & Filtings Equipment Totsl COST At I September 2023 Additions At 31 August 2024 1,151,346 133,006 71,520 1.704 1,355,872 1,704 DEPRECIATION At I S¢piember 2023 Charge for the year At 31 August 2024 126,775 70,030 798 196,805 2.356 NET BOOK VALU At 31 August 2024 At 31 August 2023 16
TAYYIBAH EDUCATIONAL TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 AUGUST 2024 9. CASH AT BANK Total 2024 Total 2023 Cash at bank 112,871 141.558 10. CREDITORS: Amounts falling due witbin one year 2024 2023 School Fees Deposits Accruals Creditors 34,950 1,620 6,306 38,750 1,620 17,150 42,876 57,520 11. MOVEMENT IN FUNDS Balance at Incoming Outgoing I Sept 2023 Resource5 Resources Transfers Balance at 31 Aug 2024 Unrestricted Fund 1,243,105 662,964 (677,659) 1,228,410 12. ANALYSIS OF NET ASSETS BETWEEN FUNDS Net a55etsl (liabilities) Total 2024 Total 2023 Unrestricted Income Fullds 1,228,410 1,228,410 1,243,105 Total Funds 1,228,410 1228,410 1,243,105 Fund Balances at 31 August 2024 are represented by: Total Unrestricted Funds 2024 Total 2023 Tangible Fixed Assets Current Assets Current Liabilities 1,158,415 112,871 (42,876) 1,159,067 141,558 (57,520) Total 1243 105 17
TAYYIBAH EDUCATIONAL TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 AUGUST 2024 13. TRUSTEES RELrUNERATION, BENEFrrs & EXPENSES No Trustee received any remuneration, benefits or reiTnbursernent for any ¢xpcnses foT the year ended 31 August 2024. (2023: nil). 14. Related Parties 2nd Related party transactions The charity has no related transactions for current and previous year. 15. Going Concern The financial staternents have been prepared on a going concern basis as the irustees believe that no material uncertainties exist. The trustees have considered the level of funds held and as a minimum the expected level of incoine and expenditure for the 12 months froin ihe date of authorising these financial statements. The continued incoine and expenditure is sufficient with the level of i-eserves for the cliarity to be able to continLie as a going concern. The Trusiees have also prepared a casli flow forecast in detennining their assessment of going concern. For¢cast for the next academic year. based on maiiitaining existing number of students and increasing the fees will result in the school having a sufficient operating surplus for its charitable needs. 18