BRISTOL ISLAMIC SCHOOLS TRUST ACCOUNTS Year ended 30 June 2023 R¢gist¢red Chariiy Number: 1070273
BRISTOL ISLAMIC. SC.HOOLS TRI':ST AC.COllhTS Year ended 30, June 2023 CONTEYTS PAGES Legal and Administrative Infom)alion Tnisiee's Report Tnislecs Responsibilily lo Financial Sialen)eiils Indepeiidenl Examiner s Report Slalement of Financial Activities Balance Sheet Noles 10 Ihe Financial Slatem¢pls 9-10 Siaiemenl of Resources Expended Nofes to the Finaneigl gt#tem*nie (Continiied)
BRISTOL ISLAMIC SCHOOLS TRusr ACCOUNTS cd 301h June 2023 LEGAL AND ADMINISTRATIVE INFORMATIOIY STATUS Brislol Islariiic Schools Trust is a reg)ered charity ¥ov¢ni¢d by ils TTusi Dced. Rc¥islcrcd Llidrity NutnbLr". 1070273. TRUSTEES Tlie following s¢ry¢d as mcmbcrs of the manabiemenl committee.. Dr Ciliassan Nounu I'ariq Klian Nisdr Ahined Tal)ir Mal)Inood Muklilar A]iinad Younis ChHirperM)n Secretary ANDEPENDENT ExAMI%ERS McKenzie Allcn Accoiinlanls. Redland HoLlS¢.157 Redland Road. Redland. Bristol B,$6 6YE BA Tr4KERS NalW¢sl Bwik 778 F'isliponds Road Fishponds Brisfol B816 ITX REGISTERED ADDRLSS Andaliisia Awleiny Bri01. Old kliwl BuildtTrg. Si Matthias Park. St Phillips. Bristol BS2 OBA
BRISTOL ISLAMIC SCHOOLS TRL:ST ACCOUNTS l'ear ended 31Y' June 2023 TRIISTFF.'S RF.P(>RT ANNL'AL REPORT l. Introduction Tliis rewrt covers Ili¢ aLliTh ilie) arid aLliicvcineiils 1?f BISTIAndalu5ia ALademy for ilie vri iud liviii l Jul). ?0?2 illl .30 Jiiiie ?02.1 I School Premises No major work d(me. ottly normal mainlenance works. Givei) the closure of ilic scli(M)I duc to th¢ IIubC fill)lial debt. the trustees ciilvred in partn¢TShip wilh a propertj developer (Larid & Biiildin&75, L&BI who boiib,ht 20070 share ol- the prcmiscs and will caTTy" oui Ihc iasK' ot. obiaining planninL pemiission for resideniial iise of Ihe pranises in order to blencrate the inaximuin reliin) lo sell ilie preiTii5e% laler with an agTecd profil share. 'l-he e&sh thai wa% eneraled from th¢ 2(yQ/¢* share helped BIS'I. io pa). oti. Ili¢ d¢bl and Ihe rediindanLy Pdyin¢iils of all aff. 3. AAB S¢hothl 18siies Tlie s017dary schiK)I WA% Llii%ed mInen11Y b) eiid of ILYrn 6. ie oil ?2 Jill 202? 11)is decision of closvre w&% IDade due 10 5hona¥ie uf secondary 11001 l¢acher5 Alihoiibh the Inistees Inade a prol'isional decision to clo.8e the primary %cl?ool A$ nl- -10 Jiinc 20?? (diie 10 financial reason51 subjccl to Lonsiiliaiioii willi slalTand parents. the ouicome ot- rhe ¢on%ulialion w'iih parcnls was Iliai Ihe parenls cninmilled ihem%elves lo an orgyanised fund raisin¥ Cainpaiyin durinB the SuinineT peri()d ifilie Irust¢¢s allow tlie priiiiary s¢11001 io ¢onliiiu¢. Tlie IrLlStees decided io ive the parents a chance lo saN'¢ Ih¢ primary school Such ihal Ihc priiiiaTr %liool viiiiriiic3 lo fiiii¢iioii illl ili¢ ¢iid of i¢iiii ? Iii U¢Leiiii)¥1 2U27 dl wIIiLli tiine ihis decisioii will be revisited bad on tl)L finwicial situation Ili¢n. A5 Ihe secondary school is Closed Mr Klialid N.Iseem (kn'ided io leave ihe positlon ol. HeadteacheT by ¢nd of Aiigijsi ?022. The PTimarY school coniinued Io WOTk from SepieTnber 2U?? lor two terms. headed b5, the r)epiiiy Headieacher IMis4 Hannah Allmed) supw)rted by the c(bnsultant, Hasina Var&hia.
BRisfoL ISLAMIC SCHOOLS TRI;ST ACCOUNTS l'ear JQ" Junt 2023 TRI,'STEE'S REPORT The Inistees met on 6 Nov¢mb¢x 2022 and found rtt the financial F*)Slti(yi of the hool has nol improved despite the great efforts ot the parents in fund raisin¥ The IruslLes deLid¢d lo clos¢ Ihe wiiiiary sch(x>l by end of ienn 2. ie 16 DecemiYr 202? Ofsled inspectors liirncd up on 8 Novwnbw 2022 foT a full. un-anncwn¢ insli0n visil lill l O NovemtKY 2022. Dr Nounu mel with the lead in$pe¢tor ai ihe bcnning of Ihe inspection and shared with her the mi¢¢$ decision io close the schcx)I Ihai wa5 Inade only 2 days klor¢ th¢ visil lo Icl hcr know Ilial Ilicrc will no benefit io Ihe public by ihis insrttn'on. The lead inspector decided to continiie with ihe instxclion in full The school p¢aTren11y clos¢d 16 Dnber 2022. BIST followed Ilie ¥uidaiice of Ihe HR ¢Su11alS of Cnjner lo aid Ilie 5ervicei or all staff, Includiii¥ redundancy paymenls. (Sep¢ till D¢ctmber 2022) Fiill-tiine Part-liine l. Total 24 Puplls. Numben <Avera%e Sep¢ - Dffember 20221 4. Pn'mary School.. 5. Seconiiary School. 75 Girls 6. Overall number of puplls". 75 S. Pupils. Achievements l. The school was closed on 16 Deccmber 2022.. ees 1.kpl- De¢ 2022 Pnmary fe¢s.' £.1.500 per year. Secondary fett. no sttondary s¢hool (Ye¢d
BIUSTOL ISLAMIC SCH(K)LS TRUST AccoiINrs TRUSTEE'S REPORT l. Fund Rahlal . No W4f money (endow¢) received thio ycu. L Trmt Bo•rd COMEitiOn of the Trt Boud by the end of the ycu are: Dr Glwson N(xmu (ChaiTw#on): Mr Tariq Kb•n (sretY). Mr Ni8•r Ah. Mr T•bir mallln. Mr Mukhthr 2. Trust Board rnediny ILM)k plKt . I l July 2106 Novemlxr 22. 15 Jan 22, 25 Feb 23 8 Jun¢ 21r23 Dr GhAs8on Ncwmi (Ch*iTmrn) Apwoved by thc •18n rn ther irbAlf by: (4)
BRISTOL ISLAMIC SCHOOLS TRUST AC.COII%TS )"exr end1 JO June 202J TRIISTEE'5 REPORT TR POhSlBILITIES IN RELATION TOTHE FIp4ANflAL STATEMLNT. Law applicable io charities in England and Wales rwuires the trustecs to prepare financial slalcmenls for ¢a¢h financial vear w'hich give a and fair Vie of ihe chanty'5 financial activities durin&> thc y¢aT and of ils Iinancial w511ion ai the end of th¢ y¢ar. It) preparing ihose financial staiemenis. the trus¢ees are required to.. Select suiiable ac¢oiinlinB p)licies and Ihen appl> Ihein consi%lenlly' Make Jitdb¥einents and cslimaies that arc reawnable and prudenl: State w'lleiher applicable accouiilinbp slandar(Ls and 21CMentS of recommended pra¢tic¢ have been followed subjc¢i lo anv dcpanures disclosed and explained in Ihe financia] stalements", and Prepare Ihe financial slalemenls on ihe goTng concern basis unless il is inappropnate lo presiime Ihal th¢ chanl). wll conlinue In biisiness. 'l-l)e Ini%lees are re851ble for keepin¥ COunti1}g reci)rds whiLh disclose wilh reasonable acLuracy al any lime uf ihe financial $7110 of ihe chanlv and fflable them lo ensure ihal the fiiiaiiLial slalaiieiils coinply wilh tli¢ Charilies Aci 1991 The) are also resw115ible for 5afe¥iuardinB th¢ ass$ of Ihc chanly and hence for tskjng rc&wJnabl¢ steps for the prei'enlion anii dcieciion of fraud and thhcr Ie8lantIc5. Approved by the trustees and signed on ihcir b¢half by.. t)ale'. (5)
BRISTOL ISLAIIIC SCHOOLS TRI ST AC.'CObNTS nded 301h June 2023 INDF,PF.NDENT EXAMINER'S RF.PORT To IHE TRUSTEES OF THE BSToL ISLAMIC SCHOOLS TRUST RESPECTIVE RESPONSIBILITIES OF TRiISTEES.4ND EXAMINER As described on page {5). the Irusiees are reS5]ble for the preparation of financial slal¢inenls. li is our re4K)n5ibilily as eKaminus under Se¢iion 4.1 of Ihe Lharities A 199.1. to torni wi ind¢p¢nd¢nl opini()n on I slal¢mcn15 and lo report Ihal lo you. Ip4DEPENDENT ExAMIP4ER'S REPORT These Financial Sialem¢nls are prepared under the histori¢ cost basis in accordance with the applicable Accounting Siandards. and are WLxluced from the Tccords, infornialion and explanations proiided b), the .1 nIttS. Therefore, ba¢<d on the records. Infomaiion and explanations provided by Ihe Tni%lee%. it i oiir opinion Ihal these Financial Statemenis repre%nl a True and Fair View of lh¢ I'rusl's alT3irs as ai 10 June, 202.1 F()r d BLlithr MLKenzie All countanis
BRIST LA]¥IIC SCH(KIL TR ST sTATEILlyT OF FINAYC'.IAL ACTIVITIES Includin the Income and Ei dilure Account for the l'ear L Total Funds 2023 Notes RE OLIRCES School Fecs and Trhcr Char¥ts 1?0.432 tX)nal?oTrs & Voluntary In¢f)me 107,t69 Grw)Is & Chariii¢5 R¢Lcivcd 6.4 OtheT Incomes Generned 8,7511 ?4.?.?59 (Xher In¢ome None TQTAI. INI"OMINC, Rfr:IOIIRC'Tr:Si 243,259 IR Fundraisin¥ C'o$1$ clnb]r ALlivilies 46.1.191 Gov¢rnAnce (-osts 13 TOTAL RE.SOIIRCES EXPF.NDF.D 474J22 SURPLUSIIDIFICITI OF RESOLIRCES { ).?1.0631 Bal8n¢e of Funds brought forward AS I" July. 2022 679.699 .4ddlLess. Adjustments ',t*E 2023 348,636
BRISTOL ISLAlIC. SCH LS BAL..INC'E SHELT AS AT 30ni Jil%E 2023 l%ote5 2023 2022 Tr"IXLD A ' {5} 343.601 833.712 5.515 C&sh in Hand Lkbtors Siock 3.920 -1.920 69.551 RR ILIT Creditors & AClS (6) 54.548 NET (10.1 1.1) 410.561 823,599 Ll 61.925 I.F.SS I.IABII.I'I'ITr. £ 348.636 £ 679.699 Rewcscnled by ." £ 34636 £ 6791*99 'rh¢se FinclaI Wements were A0Ved by the m>8•ent C(Ynmitt¢e 3/8/&oZ . and are sisnd on iheir behaifby - Chairp¢rson (8)
BRISTOL ISLAMIC SCH(K)LS TRUST .4C.COII%TS 30¢h June 1023 NOTES TO THE FIYANC.IAL STATE.%IEIYTS Princi als of Accounti Policies 1.1 The Financial Slalements are prepare41 iiiider Ihe historic cusl convenlion and in accordance M ith applicable accounliiib slwidards" St*emenl of Recoiiimeiided Practice". R¢poninbp and Accounting by Charilies i&sued March ?005 and Ilie provisions of th¢ Chanties Arl 1993. 1.2 Incoming Resoiirces are r08n1$ed in the stalernenl of f¢nancial li11e8 when enliileinent lias passed lo the cliaiit), and ihe ainouiils are Leflain and measiirdble. Ai)y iii¥oIDiiig rLsoui'¥vs r¥¥¢iv¢d Ilial r¢lal¢ exilusiv¢lv lo fiiluT¢ penods are deferred on Ilie Ejalance Sliecl. I,-I RLsourc¢s Exp¢iidcd . ¢xpwidilur¢ its TccoBnis¢d iii Ili¢ sliilcimeiii of finan¢ial a¢livilies wlien Iidbililv i¥ IiiLurr¢d or IiiLrLed w'iihoul a LOIIIIIILI)suratL increase in rLL'ObTni%LYl assets or a rduclioii in liabililics. 1,4 Allo¢aiion of Costs - DITecl Activity CO comprise ihose iliai conrribule directly In Illl activily and are allo¢aied lo the Televani a¢iivity. 1.5 tiovernaiice Cosls are those Incued lo meel slalulopi and c()nstilulional requiremeiils. Deprecialion of fixed assels Isce N<Me l ?) is (2lculaled lo M'rile off their cost or 'aliialion over Iheir iiseful lives as follows.. Freehold Land Lliiildingps Fixtures & Fittiiigs Ilepreci&ed 8traibyhi Line over 50 N'ears Straight l.inc over 10 years Items of equiwnenl over £ I.OIX) are ca1#175td 1.7 Grant CJrant% are CTediled in income on a reccivable bas15. except wh¢n donors specifv tl)at th¢ gyani musl be used in future arxounb"nL' pen]5. Thi5 income is deferred iinlil Illose period5. 19)
1.8F In Unrcslrict¢d fund5 donalioiis, Sponsorships and h¢r income rettiN'cd or gencralcd l.or Ihe obJ¢¢ts ot. th¢ ¢harity wiilioul sp¢citi¢d pUryK wid ar¢ available a5 b7vneral tiinds. Rc51riclcd funds are funds ¥iTr*'¢n a sp¢¢ifie purwse as laid down by ihe donor. Expendilur¢ wliicli In¢¢ls IlieK cril¢ria is ¥harg¢d 10 Ihe fund. {10)
BRISTOL ISLAI¥IIC SCII TRUSTS Not the Accounts for the I, 30 June 2023 Contib)ued STATF.WEryT OF RESOIIRCES EXPENDED FOR 'fH I'EAR ENDED 30- JI'N. E 2023 l. FU Al STS IIARIT Wogeg. %alane8 & Siipply Tiitors cOS Pension Contribiitions ljiiliti¢% Costs & Rates Office & Conqiiinable Co%ts Biiildin¥ & MainleTwice Cosls Trainiiib Cosls SLhoul Trips In.%iiranLc C ILaningi Losts Staff Travelling Cosls IT C'o81s & SIipFK)rt Of4led Pdyinents ()tlier (.()sls /59,510 ?7.20? 9.778 ?.088 9.57 710 1.817 7,7751 £ 461 191 VERI%ANC.E C.OSTS Legal, Professional & Finali¢¢ Charbi Repaymenls ol- l.onb'-Terni Liabilities Asseis Depreciah"on Charges 19,045 81,97S TOTAL EXPENDITIIRE -q74,322 4. TRIISTEF. 'NF.RATIO Th¢ Tru51e(s rcccivcd no rcmuiicwalion and wcte re1Mlr1 for any expenses diinng the year.
BRISTOL ISLAIIIC SCIIOOLS TRU'STS iyotes to the Accounts for he%. rEnd 2023 Continued -5. FIXED ASSETS Freehold IAad Buildings Fixtures & Fillings Total Cu515 803.381 1)6.578 119,577 1.069.5 46 Addiiions (Disposals) 1480.IK)01 (81.1.717) .123.181 126.578 119.577 589.51() Depreciatlon: To Datc 126.578 109.?46 ?35.814 Lhargpe fnr Y¢ar 10.1 I I 126.5711 119.3$7 245.9.15 Book Value: 30 June. ?021 121.181 143,601 -10 June. ?0!! 80.1 181 8.1.1.71 ? REDITORS& AC.CR ALS Aecruals PA YE & Naiional Insuran¥¢ (20?11 Pre-paid Fee5 tor next Year 2,591 2.591 (12)