BRISTOL ISLAMIC SCHOOLS TRUST ACCOUNTS Year elided 30 June 2024 Registered Charity Nuniber. 1070273
BRISTOL ISL.I,NIIC SCIIOOLS TRITST AC.COITITS th l'ear ended 30 June 2024 CONTEN'TS PAGES L¢gyal aiid Adjnini strative Infonnatton Trustee's Report Tnistees Respoiisibi li t! to FinaiiLi al Stateiiieiits Iiid¢p¢ndent Examiner's Report Statei]]eiit of Fiii<vicial Actii ities BlIall¢¢ Slie¢t Notes to the F'inancial Stateinents Statcineiil of ResourLes ExpeIided 10 N'otes to the Financial Statements {Continued)
BRISTOL SSLAMIC SCHOOLS TRLIST ACC.'OIINTS th "ear ended 30 June 2024 LEGAL AND AD,WIIP4*lSTR,ITIVE INFOR.MATION STATUS Bristol Islainic Schools Trust is a registered charity gyoven]ed by tts Trust D¢¢d, R¢gist¢rcd Charity Nuinber: 1070273. TRUSTEES The follO,n&T s¢ri:¢d as Ineinbers of tlic Inanag¢ment comjrjittee: Dr Ghassan NOiU Tartq Khali Nisar Ahined Tahir Mahmood Mukhtar Ahmad Younis chalersOn Secretary Ir4DEPENDENT EXAMINERS Nlckeiizie All¢n AccoLklltants, Rcdland Hoiise, 157 Redlaiid Road. Redland, Brislol BS6 6YE BANI(ERS NatW¢st Bank 778 Fisliponds Road Fisliponds Bristol BS16_3TX REGISTERED.4DDRESS Andaliigia Acadeinj. Bristol, Old Scliool BuiFding, St Matthias Park, 5t Pliillips, Bristol 14S2 OBA (i)
BR15TOL ISLA.MIC SCHOOLS TRIJST AC:COUP4TS th 'ear endecl 30 ,lune 2024 TRllS'fELS' IILPORT ,4NNI PIL REPORT l. Introduction ~I"his report coi'ers th¢ activities and acliiei(ements of IIIST f'or the period from l Jiily 2023 till 30 June 2024. 2. School Premises No Imajor 'ork done, only nomial maintenance works. The partnership with the property deN'eloper (Land & Bliildinbys, l.&B) ¢oiitiiiiied diiriniy tIIES ye<ir. L.&B 'orked hard to prodLice desi¥n lo cr¢at¢ "'Co-Lii'ing': accoiiiinodatioii on the preiilises. Tlie full planning applicatloii w ill be submitted to Bristol City C.OLuiciI in the I'ery i)Lar future. Ujice th¢ planniiib perniission is biranted, the plan is to sell the current preinises at St. Trvlatthias Park to g?enerate cnoiigyh cash to biiN' (or rent) another preniises '1th better faLil ili¢s to create a new t.ull tilllc school ol" IslaJniG etlios. IlctiTr'ities takin i)IAce #t the premises Andaliisia Academy Bristol was pernianently closed down in December 2022 DuriTlgY tliis year the preini s¢s Ivas let 011( to p'arious coinmunity bJroiips for teaching <ICti,7t1Cs dLirillgF tlie weekends that inLliidLd classes t.or Q.Iir dn: Ivtailis: Eii¥Jlish: aiid Turkisli school. 4. Staff No staff were e111plo)'ed by BIST diiring this year. 5. Fund Raising As BIST is coininittcd to recreate a lici* full-tiin¢ scliool of Islainic etlios as sooii as i)ractically possible, doiiati0114 froin B I ST sui)portei-s coiitiniied by Inoiitlily staTidiiig' orders that ainoiint 011 ai'erage to £700 a nionth. 2. BIST maiiabFcd to pay off all th¢ lodns that were bo01Ved iii tlie past. {2)
BRISTOL l¥iLAMIC SCHOOLSTRUST ACCOL',*.4TS Year ended 30 June 2024 TRI'STFES, REPORT (continued) 6. Trust Board Coini)osition of the Tnist Board by the end of tlie year are: Dr Qihasgan Nouiiu (C.Iiaitpei"son)' Mr Tari q Khaii (.S ¢cretary ): Mr N isar Aliined; Fvfr Taliir Fvlaliinood. Nlr Nluklitai" Aliined Younis. TriLSt Boarcl Ineetiiigys took place on: 20 SLPt 2023: 13 Deceinber 2023: 07 Marcli 2024, 12 JILl124 Pioduced on behalf of Trustces by Dr Ghassan Nouiiu (Cl),?inn?c n) Approi ed by tlie trLlStees ajid sigiiied 011 tlieir belial f by: Date". (3)
BRISTOI, ISLALMIC SCHOOLS TRITST AC.'COITNTS th :ear ended 30 June 2024 TRLTSTEES, REPORT TRUSTEES, REsPOsIBILITIEs IN RELATIOP+ TO THE FRN,4NCIAL s'fA'fEMENT5 La. applicable to chariti¢s in Engyland and Wales requires the trust¢es to preparc financial stateinents for each financial year which give a true and fair N'iew ot- the charity's tinancial actiiiities duriiig tlie year and of its fii)aJicial position at the ei)d of tlie year. In preparing those financial statements, the trnstees are reqiiired to: Select suitable accouiitiii¥ poltcies and then apply theni consistently. Mak¢.jud&yeJneiits aiid estiinates that are reasonable and pnideiit; State whether applicable a¢coLintinb7 Standards and statements of. recommended practice have bcen followed siibject to any d¢pamires disclosed and explain¢d in the fiiiancial stateinents. and Prepare the financial stateineiits 011 the goii)g cojicern basis uiilcss it IS Illdppropriate to presuime that the charity will Loiitinue in business. Th¢ triisl¢¢s are responsible for k¢q)iT]gF accoiinting records which disclose witl) reasonable accuracy at any lime of the financial position of tli¢ cliarity, and eiiablc (Iiem to eiisurc tliat th financial stateineiits Loinply with tli¢ Cliarities Act 1993. ThLy ar¢ also responsible for sa febyuardincTr tlie assets of the charity and hence for takinsy re280nable steps for the prevention and detection of fraud and other irrewlarities. Approi'ed by the triistees aiid signed on their belia]f by- Date (4}
BRISTOL ISLAMIC SCHOOLSTRifsT ACCOUNTS tlk 'ear ended 30 June 2024 I.NDEPEPiDENT EXA,MINER'S REPORT TO THE TRUSTEES OF THE BRISTOL ISLAMIC Sc'.HOOLS TRUST RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND F,%AMINER As described on pagpe (5). the trustecs are responsible for tlie preparation of financial st.qteineiits. It is our responsibility as exainiijers undL¥r Section 43 of the Charitics Act 1993, to fonii ali indepeIideiit opiiiion on these stateiiients and to report tEiat to you. I.PlDEPEPIDENT Ex.4MIP4ER'S RF.PORT Th¢s¢ Fiiiaiicial Stateineiits are prepared under the Iiistoiic cost basis in accordance with the applicahle Accoiinting Standards, and are produced from the records, int"orn]qtion and explanati ons proN'ided by the T15t¢¢s. Therefore, based on the records. infonnation and explaiiatioi)s proN:id¢d by the Tmstccs: it is our opinion that these Financial statelents represeiit 2 True and Fair Iliew it.the Tritst's affairs as at.10 Jiine, 20?3. For and Behalt" o McKen2ie Allen A countants (5)
BRI(TOL ISLAMIC SCHOOLS TRI'ST sTATEIET OF FINANCI.4L ACTII'ITIES Includin the Income and Ex th enditure Account for the Year Ended 30 June 2024 Total Fiinds 2024 Notes INCOIIIING RESOURCES Incomes Generated 40,469 Grants & Charities Received 17,618 Donations & I'oluntary Income 14,151 School Fees and Other Charges TOTAL INCOMING RLSOURCES 72,238 RESOIIRC.ES ENPFNDED Fundraising Costs (i) Charttable Actjw ities (2) 47,204 Governance Costs (3) 17,290 TOTAL RESOIJRC.ES EXPENDV,D 64,494 SLTRPLUSI(DEFECIT) OF RESOURCES 7,744 Balance of Funds brougiht t"onvard as at l $1 July, 2023 348,636 Add,,less: Adjustments BALANCE OF FL,NDS AS AT 30" JUNE 2024 £ 356,380 (6)
BRISIOL ISL,ITrIIC SC:HOOLS TRITST B.4L.4NCE SHETr;T AS AT 30 JITNTr: 2024 Notes 2024 2023 FIIED.4SSETS (5) 333,491 343,601 CLIXRET ASSETS Bank Cash in 14and Debtors Stock 18,969 65,631 3,9?0 22.889 CIIIIRENT LEABILITIES Creditors & Accal$ (6) 2.591 NET CITRRENT ASSETS 2?,889 66.960 756,-380 410,561 LESS: LONG TER.NI LI.4BILITI' 6L.9?5 TI)TAI, ASSETS LE6i.S LIABILITIE £ 3?6,380 £ 348,636 R¢prcsented by B.4L.4I'CE OF FI'NDS,4S,4T 30, JITf•iE 2024 £ 356.380 £ 348,636 Tl)es¢ Ftnaiicial Statements were approved by th¢ Maiiab7eimeiit CoiT]mittee 11/g/zozS aiid are sigJ)Ld 011 their bel)alf by:_ ff airperson Treasiir¢r (7)
BRISTOL ISLAMIC SC.HOOLS TRITST AC:C:OIINTS l.ear ended 30 June 2024 OTES"J'O THE FlINANCI,IL STA'I'LN,IETr4TS Princi
als of .Iccountin Policies 1.1 Tl)e Fiiiancial Stat¢inents are prepared und¢r tli¢ histoiic cost coni'¢ntion aiid iii accord
' Cost coinprise those that coiitribute dii"ectly to an actii-ity aiid are allocated to th¢ r¢l¢i-ant actii-ity. 1. 5 Governaiice Costs ar¢ those incuri-Ld to mLLt statutc)ry aiid coi)s1iliitional r¢quir¢Jii¢nts, 1.6De reciation Depreciation of fixed asscts (s¢¢ Note l?) is C¢ilLulilted to write off their cost or valiiatioii over their Iiseful lii'es as follows: Freeliold Laiid BLiildiTibYS FixtllT¢S & Fittingis not depreciated Straigyht L,iiie oi'er 50 year8 Siraight Line oi'er 10 years Ileins of equipiiient ol'er £1,000 are c3Pltalis¢d 1.7 Grants Graiits are crcdited to incoinc on a rcccii'able basis. except when doiiors specify tliat the gFrant Inust be used IEI future accounting pciiods. Tliis incoine is def¢ed ujitil Ihose periods. (8)
1.8 Fiiiids Li nrestricted fLinds ar¢ donations. sponsorships and oth¢r Jn¢om¢ r¢ceii'ed OT bTenerated for tlic obj¢cts of the cl)arity witliout speLifi¢d purpose and are availabl¢ a&1 g¢ileI fuiids. Restricted funds are t.unds gy1.en tor a specttic piirpose as laid down by the donor. Exp¢nditLire w.hich meets tliese ¢rit¢ria is chargTred to the fiirid. (9)
BRISTOL ISLANIIC SCHOOLS TRITSTS fiotes to the Accounts for the Tr'ear Ended 30 June 2024 C'ontinued STATEMEfiT OF RESOITRCES E.XPENDED TH F'OR THE YF.AR ENDED 30 JITNF. 2024 I. FLJYD II4ISING COSTS 2. C.'HARITABLE ACTiifiTIES WabY¢S: saI1es & Supply Tutors Costs Pension Contrtbutions Utilities Costs Rates Paid Mitterials & CoiisLiinabl¢ C,os¢s Office PrintlllgF & Stalion¢ry Costs IT Costs & Support General Biiildingy & Maintenance (."osts Insiirances Tratiiing Costs Equipineiit Leasing Costs AIAram Mainteiiancc Costs L". E¢aniiigF Costs Oilier Costs 17,700 6,719 1.845 1.424 1,705 2.014 7_057 1,829 5.448 1.081 -382 £ 47.204 3. GC)I:ERNIAPICE C:OS'I'S Legal. Professional & Finance Char¥es R¢payin¢nts of Long-T¢nn Liabilities Assets D¢preciation Charges 6,180 1,000 EOI10 £ 17.290 TOT,4L F.XPF,NDITI RF, £ 64,494 4. TRLTSTEES REML71Tl0N Tlie Trustees receiN'ed no reinuneration and were not reimbursed for any expenses diiri ng the year. (10)
BRISTOL ISLAMIC SC."HOOI,S I"RITSTS Notes to the Accounts for the l-ear En(led 30 June 2024 Continued S. FIXED ASSETS Freehold Land Buildings Fixtures & Fittings Total Costs 323,381 126,578 139,577 589.5J6 Additionsl { t)isposals} 32.3,38 I 1 ?6,578 139.577 589,536 Depreciation: To Date 126,578 119.357 245,935 Charge for Y¢ar 10.110 10.110 126,578 129,467 256.045 Book V'alue: 30 June, 2024 323.381 10,110 133,491 30 June. 2021 323.381 20.220 347,601 6. CR.DI,1.0s & .4C.'C,'RII.AI.S Accruals PAYE L NatÉonal knsurance Pr¢-paid Fees tor next Year