REGISTERED CHARITY NUMBER: 1061318
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 28 February 2023
for
Al Qalam Education Centre
MSA Accountancy & Business Advisors Business Box 3 Oswin Road Leicester Leicestershire LE3 1HR
Al Qalam Education Centre
| Contents of the Financial Statements | |
|---|---|
| for the Year Ended 28 February 2023 | |
| Page | |
| Report of the Trustees | 1 to 3 |
| Independent Examiner's Report | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
| Notes to the Financial Statements | 7 to 12 |
Al Qalam Education Centre
Report of the Trustees
for the Year Ended 28 February 2023
The trustees present their report with the financial statements of the charity for the year ended 28 February 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
Our objectives are set to reflect our faith and community aims. Each year our trustees review our objectives and activities to ensure they continue to reflect our aims. In carrying out this review the trustees have considered the Charity Commission’s general guidance on public benefit and in particular its supplementary public guidance on the advancement of religion for public benefit.
The principal activities of Al Qalam Education Centre in the year under review remain advancement of the Sunni Brailvi Sect of Islam in the city of Leicester, by the provision of a Madressa (School) of education in the principles of Islam (and in such other ways) as the committee shall think fit.
ACHIEVEMENT AND PERFORMANCE Religious and Community activities
During the year under review, we offered a range of religious and community services and activities including:
Madressa classes: Learning how to read Qur’an is considered an important element of religious education and training. We continue to provide this facility for the young people in the Centre.
Nikkah (Islamic Marriage): The Centre provides Muslim couples with an appropriate location for their Nikkah.
Hall facilities: Our hall is available for use by local groups and organisations. Local charities are also encouraged to make use of our hall. When hall facilities are not required for community use they are available for hire on commercial terms.
FINANCIAL REVIEW
Financial position
During the year, incoming resources has reduced to £29,488 (2022: £76,276) whereas resources expended has increased to £24,154 (2022: £15,239). This has resulted in a surplus for the year of £5,333 (2022: Surplus £61,034).
Voluntary income has reduced as a result of less donations being collected as during previous year a lot of donations were collected for major refurbishment of the Centre.
Reserves policy
The trustees have adopted a reserves policy of retaining unrestricted reserves equivalent to six months expenditure expected to incur on running the Centre whilst ensuring funds are earmarked towards the cost of refurbishment of the Centre.
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Al Qalam Education Centre
Report of the Trustees
for the Year Ended 28 February 2023
FUTURE PLANS
The trustees are still in the process of refurbishing the Centre to make it appealing to community and once this is achieved, the Centre is planning to increase number of students as well as provide various other services.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Al Qalam Education Centre is a registered UK Charity and is governed by its constitution adopted on 21 February 1997 as amended by special resolution dated 1 August 2021.
It is an unincorporated charity and it was registered with Charity Commission of England and Wales on 15 March 1997 under charity number 1061318.
Recruitment and appointment of new trustees
The trustees named above are permanent members of the general public who have invested their time, finances and efforts in establishing the Al Qalam Education Centre in order to fulfil its aims and objectives and have served throughout the year.
Due to the permanent nature of their roles, no elections will be held to replace the Trustees. If a Trustee requires replacing, then that is a matter to be decided independently by the Trustees alone. The nature, reason and requirement for replacement (including the replacement process) would primarily be the concern and responsibility of the Trustees.
Organisational structure
The trustees may from time to time make such rules and regulations in their absolute discretion think fit for the management of the institution and may at any time vary such rules and regulations.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1061318
Principal address
Madressa Gharib Nawaaz 1-3 Evington Street Leicester LE2 0SA
Trustees
H Q A Raji M Y S Raji M N Raji M Z A Raji
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Al Qalam Education Centre
Report of the Trustees
for the Year Ended 28 February 2023
REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner MSA Accountancy & Business Advisors Business Box 3 Oswin Road Leicester Leicestershire LE3 1HR
Approved by order of the board of trustees on 2 October 2024 and signed on its behalf by:
M N Raji - Trustee
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Independent Examiner's Report to the Trustees of Al Qalam Education Centre
Independent examiner's report to the trustees of Al Qalam Education Centre
I report to the charity trustees on my examination of the accounts of Al Qalam Education Centre (the Trust) for the year ended 28 February 2023.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Muhammad Shabbir Aslam
MSA Accountancy & Business Advisors Business Box 3 Oswin Road Leicester Leicestershire LE3 1HR
2 October 2024
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Al Qalam Education Centre
Statement of Financial Activities for the Year Ended 28 February 2023
| Unrestricted Restricted fund fund Notes £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 14,707 11,950 Charitable activities Madressa 2,831 - Other income - - Total 17,538 11,950 EXPENDITURE ON Charitable activities Madressa 24,155 - NET INCOME/(EXPENDITURE) (6,617) 11,950 Transfers between funds 6 11,950 (11,950) Net movement in funds 5,333 - RECONCILIATION OF FUNDS Total funds brought forward 89,583 - TOTAL FUNDS CARRIED FORWARD 94,916 - |
28.2.23 28.2.22 Total Total funds funds £ £ 26,657 71,296 2,831 60 - 4,917 29,488 76,273 24,155 15,239 5,333 61,034 - - 5,333 61,034 89,583 28,549 94,916 89,583 |
|---|---|
The notes form part of these financial statements
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Al Qalam Education Centre
Balance Sheet
| 28 February 2023 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 4 74,765 CURRENT ASSETS Cash at bank and in hand 20,371 CREDITORS Amounts falling due within one year 5 (220) NET CURRENT ASSETS 20,151 TOTAL ASSETS LESS CURRENT LIABILITIES 94,916 NET ASSETS 94,916 FUNDS 6 Unrestricted funds TOTAL FUNDS |
Restricted fund £ - - - - - - |
28.2.23 Total funds £ 74,765 20,371 (220) 20,151 94,916 94,916 94,916 94,916 |
28.2.22 Total funds £ 59,260 36,964 (6,641) 30,323 89,583 89,583 89,583 89,583 |
|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 2 October 2024 and were signed on its behalf by:
M N Raji - Trustee
The notes form part of these financial statements
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Al Qalam Education Centre
Notes to the Financial Statements for the Year Ended 28 February 2023
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - in accordance with the property Fixtures and fittings - 20% on reducing balance
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
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continued...
Al Qalam Education Centre
Notes to the Financial Statements - continued for the Year Ended 28 February 2023
2. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 28 February 2023 nor for the year ended 28 February 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 28 February 2023 nor for the year ended 28 February 2022.
3.
| COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted fund fund £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 19,206 52,090 Charitable activities Madressa 60 - Other income 4,917 - Total 24,183 52,090 EXPENDITURE ON Charitable activities Madressa 15,239 - NET INCOME 8,944 52,090 Transfers between funds 52,090 (52,090) Net movement in funds 61,034 - RECONCILIATION OF FUNDS Total funds brought forward 28,549 - TOTAL FUNDS CARRIED FORWARD 89,583 - |
Total funds £ 71,296 60 4,917 76,273 15,239 61,034 - 61,034 28,549 89,583 |
|---|---|
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Al Qalam Education Centre
Notes to the Financial Statements - continued for the Year Ended 28 February 2023
| 4. | TANGIBLE FIXED ASSETS | |||||
|---|---|---|---|---|---|---|
| Fixtures | ||||||
| Long | and | |||||
| leasehold | fittings | Totals | ||||
| £ | £ | £ | ||||
| COST | ||||||
| At 1 March 2022 | 83,400 | - | 83,400 | |||
| Additions | 12,053 | 6,708 | 18,761 | |||
| At 28 February 2023 | 95,453 | 6,708 | 102,161 | |||
| DEPRECIATION | ||||||
| At 1 March 2022 | 24,140 | - | 24,140 | |||
| Charge for year | 1,914 | 1,342 | 3,256 | |||
| At 28 February 2023 | 26,054 | 1,342 | 27,396 | |||
| NET BOOK VALUE | ||||||
| At 28 February 2023 | 69,399 | 5,366 | 74,765 | |||
| At 28 February 2022 | 59,260 | - | 59,260 | |||
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE | YEAR | ||||
| Taxation and social security | 28.2.23 £ 220 |
28.2.22 £ 6,641 |
||||
| 6. | MOVEMENT IN FUNDS | |||||
| Unrestricted funds | At 1.3.22 £ |
Net movement in funds £ |
Transfers between funds £ |
At 28.2.23 £ |
||
| General fund | 89,583 | (6,617) | 11,950 | 94,916 | ||
| Restricted funds | ||||||
| Centre Refurbishment | - | 11,950 | (11,950) | - | ||
| TOTAL FUNDS | 89,583 | 5,333 | - | 94,916 | ||
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Al Qalam Education Centre
Notes to the Financial Statements - continued for the Year Ended 28 February 2023
6. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |||
|---|---|---|---|---|---|
| resources | expended | in funds | |||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| General fund | 17,538 | (24,155) | (6,617) | ||
| Restricted funds | |||||
| Centre Refurbishment | 11,950 | - | 11,950 | ||
| TOTAL FUNDS | 29,488 | (24,155) | 5,333 | ||
| Comparatives for movement in funds | |||||
| Unrestricted funds | At 1.3.21 £ |
Net movement in funds £ |
Transfers between funds £ |
At 28.2.22 £ |
|
| General fund | 28,549 | 8,944 | 52,090 | 89,583 | |
| Restricted funds | |||||
| Centre Refurbishment | - | 52,090 | (52,090) | - | |
| TOTAL FUNDS | 28,549 | 61,034 | - | 89,583 | |
| Comparative net movement in funds, included in the | above are as follows: | ||||
| Unrestricted funds | Incoming resources £ |
Resources expended £ |
Movement in funds £ |
||
| General fund | 24,183 | (15,239) | 8,944 | ||
| Restricted funds | |||||
| Centre Refurbishment | 52,090 | - | 52,090 | ||
| TOTAL FUNDS | 76,273 | (15,239) | 61,034 |
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Al Qalam Education Centre
Notes to the Financial Statements - continued for the Year Ended 28 February 2023
6. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Restricted funds Centre Refurbishment TOTAL FUNDS |
Net Transfers movement between At 1.3.21 in funds funds £ £ £ 28,549 2,327 64,040 - 64,040 (64,040) 28,549 66,367 - |
At 28.2.23 £ 94,916 - 94,916 |
|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds | Incoming Resources Movement resources expended in funds £ £ £ |
|---|---|
| General fund | 41,721 (39,394) 2,327 |
| Restricted funds | |
| Centre Refurbishment | 64,040 - 64,040 |
| TOTAL FUNDS | 105,761 (39,394) 66,367 |
Transfers between funds
During the year, the centre received total donations of £11,950 towards the refurbishment of the centre. All the funds received were fully spent on specified purpose. Since there was no restriction imposed by donors as to the use of the centre, the restricted fund is transferred to general unrestricted fund.
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Al Qalam Education Centre
Notes to the Financial Statements - continued for the Year Ended 28 February 2023
7. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 28 February 2023.
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