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,$6 6YE BA Tr4KERS NalW¢sl Bwik 778 F'isliponds Road Fishponds Brisfol B816 ITX REGISTERED ADDRLSS Andaliisia Awleiny Bri￿01. Old kliwl BuildtTrg. Si Matthias Park. St Phillips. Bristol BS2 OBA BRISTOL ISLAMIC SCHOOLS TRL:ST ACCOUNTS l'ear ended 31Y' June 2023 TRIISTFF.'S RF.P(>RT ANNL'AL REPORT l. Introduction Tliis rewrt covers Ili¢ aLliTh ilie) arid aLliicvcineiils 1?f BISTIAndalu5ia ALademy for ilie vri iud liviii l Jul). ?0?2 illl .30 Jiiiie ?02.1 I School Premises No major work d(me. ottly normal mainlenance works. Givei) the closure of ilic scli(M)I duc to th¢ IIub*C fill￿)lial debt. the trustees ciilvred in partn¢TShip wilh a propertj developer (Larid & Biiildin&75, L&BI who boiib,ht 20070 share ol- the prcmiscs and will caTTy" oui Ihc iasK' ot. obiaining planninL pemiission for resideniial iise of Ihe pranises in order to blencrate the inaximuin reliin) lo sell ilie preiTii5e% laler with an agTecd profil share. 'l-he e&sh thai wa% *eneraled from th¢ 2(yQ/¢* share helped BIS'I. io pa). oti. Ili¢ d¢bl and Ihe rediindanLy Pdyin¢iils of all ￿aff. 3. AAB S¢hothl 18siies Tlie s￿017dary schiK)I WA% Llii%ed ￿mI￿nen11Y b) eiid of ILYrn 6. ie oil ?2 Jill 202? 11)is decision of closvre w&% IDade due 10 5hona¥ie uf secondary ￿11001 l¢acher5 Alihoiibh the Inistees Inade a prol'isional decision to clo.8e the primary %cl?ool A$ 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 ba￿d 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 rt￿t 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¢ ins￿li0n visil lill l O NovemtKY 2022. Dr Nounu mel with the lead in$pe¢tor ai ihe bc￿nning of Ihe inspection and shared with her the mi￿¢¢$ 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 D￿￿nber 2022. BIST followed Ilie ¥uidaiice of Ihe HR ¢￿Su11a￿lS 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 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 re8￿￿51ble 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 I￿e8￿lantIc5. 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 B￿SToL ISLAMIC SCHOOLS TRUST RESPECTIVE RESPONSIBILITIES OF TRiISTEES.4ND EXAMINER As described on page {5). the Irusiees are reS￿￿5]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 nI￿ttS. Therefore, ba¢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 r￿08n1$ed in the stalernenl of f¢nancial ￿li￿11e8 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 IiiLrL￿ed 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 Incu￿ed lo meel slalulopi and c()nstilulional requiremeiils. Deprecialion of fixed assels Isce N