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 desI￿ed 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) 1Liiirdaiice itriil) 1l1)plicablL laKI' JractlLe). -I'l)L la¥i' appliciible lo cliarilies iii F.IlL?18nd & Wales reqiiires the 'fruslees lo prLP￿￿ tiiiaiicial Sliltiiiiinis foi. Laih lin¢iliLial lear ￿ IiiLh giivL a IrLIL' aiid fcllr I'iei%' of lh¢ slcilL ol- atlaii-s ol. the L'liai'ilv Iiid i)i- the illL'iin) iiiL) I'L'SoiifL'Lg .7iid ,?ppl icatioii of rL'soiirces of the CliarilN, for th*ii period. Iii pitpuriii tI)L.qL liii:Iiicial .sialLinenl.b. Ilie TriJsle¢s are re411ired to- elect siiilablL ' ii'illi Ili¢ LliuiiliLS ALI ?0 I I, the Cli<11'il}' (AccoLiiIIs Jiid Ilepi)1l8) Ilig?uldl iL>ns ?OO¥ arid Ili¢ i)rnvisions ot-the Iiust dL'ecl. The)". are also r¢'spon%il)le l()r 5rfil¢¥iuarding IhL assc'ls L)l- IliL Charily uiid lieiice f()r 14ikinby rLa50nabli 51L'ps for the prekenrion and delLLlioii ot. fr)Iid and utl)er irrLigJul¢irili¥.%. Si&)iied bv order (It Ilie Ti'LlStees I rusieL Naine.. Iqbal Dli(x)dhat Trustee Naive- Abdul lah Ahiiicd RaiNIi Ilppri?vLd oli 16 June ?024 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 AcCounL￿ts 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