Docusign Envelope ID: D603FB62-F6A2-47BB-AA59-E273D090A77D
Charity registration number: 1082410
## Rabia Educational Trust
Annual Report and Financial Statements
for the Year Ended 31 August 2024
Docusign Envelope ID: D603FB62-F6A2-47BB-AA59-E273D090A77D
## **Rabia Educational Trust**
## **Reference and Administrative Details**
## **Trustees**
Mr Zafar Iqbal Khan Mr Raja Mageed Khan Mr Samsul Haque Mr U Khan Naeem Khan Muzamal Hussain Mohammad Arfan Anwar
## **Principal Office**
396-398 Dunstable Road Luton Bedfordshire LU4 8JT
**Charity Registration Number**
1082410
**Bankers**
Barclays Bank PO Box 48 28 George Street Luton LU1 2AE
## **Independent Examiner**
Nasir Rafiq Dua Governance 123-131 Bradford Street Bradford Court Birmingham B12 0NS
Page 1
Docusign Envelope ID: D603FB62-F6A2-47BB-AA59-E273D090A77D
## **Rabia Educational Trust**
## **Trustees' Report**
The trustees present the annual report together with the financial statements of the charity for the year ended 31 August 2024.
## **Objectives and activities**
## _**Objects and aims**_
The objectives of the Trust as set by the Trust deed continue to be to advance the single sex faith based education of girls and boys and to advance the academic as well as Islamic education in accordance with the Holy Quran and Hadith within the bounds of Ahle Sunnah Wal Jamaat.
The primary aim of the Charity is to provide an Islamic based education of children. However, the public are welcome to seek knowledge and education of the Islamic faith should they so wish.
## _**Objectives, strategies and activities**_
The main activities during the year were:
- Provision of both academic and religious education to girls and boys in accordance with the Islamic faith.
- Further enhancement of teaching materials and library resources to maximising learning.
- Further enhancement of learning facilities.
- Increasing awareness of the trust and the services it provides.
- Provision of field trips to farms, camping trips to develop social and interpersonal skills of students.
- Facilitate community counselling and advice on local issues and needs.
- helping local/national charities.
## _**Public benefit**_
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
## _**Use of volunteers**_
The charity uses the services of volunteers in a number of ways;
- To assist in raising the profile of the charity.
- To assist with maintaining the records of the charity.
- To assist with the development of the charity.
- To provide teachings support.
- To maintain the buildings.
## **Achievements and performance**
## **Financial review**
During the year, the Trust income was £259k (2023: £119k) and after spend of £140k (2023: £142.5k), the carry forward reserves stood at £232k (2023: £113k).
The Trust Qard e Hassan interest free loan stood at £317k (2023: £467k)
## _**Policy on reserves**_
The Trustees have resolved to establish over the next few years reserves to provide for future activities, and to provide funding for the expected expenditure for four months ahead.
Current reserves are adequate based on our knowledge and experience.
## _**Principal funding sources**_
The principal income was generated through the provision of education in accordance with the objectives of the charity. The principal expenditure related to the cost of providing education.
Page 2
Docusign Envelope ID: D603FB62-F6A2-47BB-AA59-E273D090A77D
## **Rabia Educational Trust**
## **Trustees' Report**
## **Plans for future periods**
## _**Activities planned to achieve aims**_
The Charity’s lawyer has also been instructed to advise on a new structure for the Charity and a the Charity trustees are planning to make an application to the Charity Commission to register a CIO as the new structure for the Charity going forward. A draft constitution will be prepared and an application will be lodged to register the CIO with the Charity Commission.
## **Going concern**
During the year, although the charity showed a loss of £24k – this equal to the yearly depreciation charge. This suggests the charity was able to breakeven from a cash inflow and outflow point of view. Although the school has now closed, the charity is still operating and generating income from children attending evening Islamic classes and for a tuition service. The charity has plans to provide Aalimiyah courses (a course for female Islamic scholars). The charity continues to receive rental income from charity properties.
## **Structure, governance and management**
## _**Nature of governing document**_
The Charity is an unincorporated association created by a trust deed dated 12th September 2000. This was amended an the 25th October 2013.
## _**Recruitment and appointment of trustees**_
New Trustees are appointed by invitation based upon the specific requirements and the skill set needed by the charity to help advance the charitable objectives.
## _**Induction and training of trustees**_
We have at the moment no policy or procedure for the training of trustees, other than the "do's and don'ts" publication provided by the charity.
## _**Organisational structure**_
Trustees meet regularly on a half termly basis to discuss and plan objectives and implementation thereof. Matters of general concern are raised with all members. Day to day management and responsibility for implementing policies is carried out by the Head Teacher. There are 12 full time and 6 part time employees plus a number of volunteers and employment trainees.
## **Relationships with related parties**
Other than the Trustees and those persons connected with them there are no individuals who are related parties. Details of transactions with related parties are shown in the notes to the accounts. This includes remuneration and expenses paid to the Trustees.
## _**Major risks and management of those risks**_
The trustees acknowledge their responsibilities for establishing a risk management system and are satisfied that appropriate systems and procedures are under development and continue to keep the strategic, business and operational risk under review with view to introducing, where necessary, additional procedures to mitigate these risks.
## 27 June 2025
The annual report was approved by the trustees of the charity on .................... and signed on its behalf by:
......................................... Mr Samsul Haque Trustee
Page 3
Docusign Envelope ID: D603FB62-F6A2-47BB-AA59-E273D090A77D
## **Rabia Educational Trust**
## **Statement of Trustees' Responsibilities**
The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Page 4
Docusign Envelope ID: D603FB62-F6A2-47BB-AA59-E273D090A77D
## **Rabia Educational Trust**
## **Independent Examiner's Report to the trustees of Rabia Educational Trust**
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 August 2024 which are set out on pages 6 to 13.
## **Respective responsibilities of trustees and examiner**
As the charity’s trustees of Rabia Educational 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 Rabia Educational Trust's accounts carried out under section 145 of the 2011 Act and in carrying out 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 statement**
Since Rabia Educational Trust's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ICAEW, which is one of the listed bodies.
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:
1. accounting records were not kept in respect of Rabia Educational Trust as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting 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.
......................................
Nasir Rafiq ICAEW
Dua Governance 123-131 Bradford Street Bradford Court Birmingham B12 0NS
27 June 2025
Date:.............................
Page 5
Docusign Envelope ID: D603FB62-F6A2-47BB-AA59-E273D090A77D
## **Rabia Educational Trust**
## **Statement of Financial Activities for the Year Ended 31 August 2024**
|**Note**|**Total**|
|---|---|
||**Unrestricted funds**
**Restricted funds**
**2024**|
||**£**
**£**
**£**|
|**Income and Endowments from:**||
|Donations and legacies
2|144,767
-
144,767|
|Charitable activities
3|63,232
-
63,232|
|Other income
4|51,404
-
51,404|
|Total Income||
||259,403
-
259,403|
|**Expenditure on:**||
|Charitable activities
5|(140,289)
-
(140,289)|
|Total Expenditure||
||(140,289)
-
(140,289)|
|Net movement in funds||
||119,114
-
119,114|
|**Reconciliation of funds**||
|Total funds brought forward||
||113,168
367,811
480,979|
|Total funds carried forward
17||
||232,282
367,811
600,093|
|||
|**Note**|**Total**|
||**Unrestricted funds**
**Restricted funds**
**2023**|
||**£**
**£**
**£**|
|**Income and Endowments from:**||
|Donations and legacies|6,433
-
6,433|
|Charitable activities|61,200
-
61,200|
|Other income|51,009
-
51,009|
|Total income||
||118,642
-
118,642|
|**Expenditure on:**||
|Charitable activities|(142,465)
-
(142,465)|
|Total expenditure||
||(142,465)
-
(142,465)|
|Net expenditure||
||(23,823)
-
(23,823)|
|Net movement in funds||
||(23,823)
-
(23,823)|
|**Reconciliation of funds**||
|Total funds brought forward||
||136,991
367,811
504,802|
|Total funds carried forward
17||
||113,168
367,811
480,979|
All of the charity's activities derive from continuing operations during the above two periods.
The funds breakdown for 2023 is shown in note 17.
Page 6
Docusign Envelope ID: D603FB62-F6A2-47BB-AA59-E273D090A77D
## **Rabia Educational Trust**
## **(Registration number: 1082410) Balance Sheet as at 31 August 2024**
||**2024**|**2023**|
|---|---|---|
|**Note**|**£**|**£**|
|**Fixed assets**|||
|Tangible assets
12|954,607|978,427|
|**Current assets**|||
|Debtors
13|17,154|10,154|
|Cash at bank and in hand
14|3,053|1,715|
||20,207|11,869|
|**Creditors: Amounts falling due within oneyear**
15|(57,503)|(42,544)|
|**Net current**liabilities|(37,296)|(30,675)|
|**Total assets less current liabilities**|917,311|947,752|
|**Creditors: Amounts falling due after more than oneyear**
16|(317,218)|(466,773)|
|**Net**assets|600,093|480,979|
|**Funds of the charity:**|||
|**Restricted income funds**|||
|Restricted funds|367,811|367,811|
|**Unrestricted income funds**|||
|Unrestricted funds|232,282|113,168|
|**Total funds**
17|600,093|480,979|
||27 June 2025|27 June 2025|
The financial statements on pages 6 to 13 were approved by the trustees, and authorised for issue on .................... and signed on their behalf by:
......................................... Mr Samsul Haque Trustee
Page 7
Docusign Envelope ID: D603FB62-F6A2-47BB-AA59-E273D090A77D
## **Rabia Educational Trust**
## **Notes to the Financial Statements for the Year Ended 31 August 2024**
## **1 Accounting policies**
## **Statement of compliance**
The financial statements have been prepared in accordance with 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 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
## **Basis of preparation**
Rabia Educational Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
## **Exemption from preparing a cash flow statement**
The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.
## **Going concern**
During the year, although the charity showed a loss of £24k – this equal to the yearly depreciation charge. This suggests the charity was able to breakeven from a cash inflow and outflow point of view. Although the school has now closed, the charity is still operating and generating income from children attending evening Islamic classes and for a tuition service. The charity has plans to provide Aalimiyah courses (a course for female Islamic scholars). The charity continues to receive rental income from charity properties.
## **Income and endowments**
Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.
## _**Donations and legacies**_
Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.
## **Expenditure**
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
## _**Charitable activities**_
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
## **Support costs**
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
## **Governance costs**
These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees’s meetings and reimbursed expenses.
Page 8
Docusign Envelope ID: D603FB62-F6A2-47BB-AA59-E273D090A77D
## **Rabia Educational Trust**
## **Notes to the Financial Statements for the Year Ended 31 August 2024**
## **Taxation**
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
## **Tangible fixed assets**
Individual fixed assets costing £500.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
## **Depreciation and amortisation**
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Freehold Property - 2% straight line
Plant & Machinery - 20% reducing balance
## **Trade debtors**
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
## **Trade creditors**
are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
## **Borrowings**
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Statement of Financial Activities over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the charity has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
## **Fund structure**
Unrestricted income funds are general funds that are available for use at the trustees's discretion in furtherance of the objectives of the charity.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
Page 9
Docusign Envelope ID: D603FB62-F6A2-47BB-AA59-E273D090A77D
## **Rabia Educational Trust**
## **Notes to the Financial Statements for the Year Ended 31 August 2024**
- **2 Income from donations and legacies**
|**2**
**Income from donations and legacies**||||||
|---|---|---|---|---|---|
||**Unrestricted funds**|**Total**||**Total**||
||**General**|**2024**||**2023**||
||**£**|**£**||**£**||
|Donations and legacies;||||||
|Donations from individuals|144,767||144,767||6,433|
||144,767||144,767||6,433|
- **3 Income from charitable activities**
|**3**
**Income from charitable activities**||||||
|---|---|---|---|---|---|
||**Unrestricted funds**|**Total**||**Total**||
||**General**|**2024**||**2023**||
||**£**|**£**||**£**||
|Madrasa|63,232||63,232||61,200|
- **4 Other income**
|**4**
**Other income**|||||
|---|---|---|---|---|
||**Unrestricted**||||
||**funds**|**Total**|**Total**||
||**General**|**2024**|**2023**||
||**£**|**£**|**£**||
|Rental Income|51,400|51,400||51,000|
|Other Income|4|4||9|
||51,404|51,404||51,009|
- **5 Expenditure on charitable activities**
|**5**
**Expenditure on charitable activities**||
|---|---|
||**Activity**|
||
**undertaken**
**Total**
**Total**|
||**directly**
**2024**
**2023**|
|||
||
**£**
**£**
**£**|
|Masjid and facility cost|136,500
136,500
132,193|
|Governance Cost|3,789
3,789
10,272|
|||
||140,289
140,289
142,465|
Page 10
Docusign Envelope ID: D603FB62-F6A2-47BB-AA59-E273D090A77D
## **Rabia Educational Trust**
## **Notes to the Financial Statements for the Year Ended 31 August 2024**
## **6 Analysis of governance and support costs**
## **Governance costs**
|||**Unrestricted funds**|**Total**||**Total**||
|---|---|---|---|---|---|---|
|||**General**|**2024**||**2023**||
|||**£**|**£**||**£**||
|Independent examiner fees|||||||
|Examination of the financial statements||2,490||2,490||2,340|
|Otherprofessional fees||1,299||1,299||7,932|
|||3,789||3,789||10,272|
|**7**|**Net incoming/outgoing resources**||||||
|Net|incoming/(outgoing) resources for the year include:||||||
||||**2024**||**2023**||
||||**£**||**£**||
|Depreciation of fixed assets||||23,820||23,178|
## **8 Trustees remuneration and expenses**
No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.
## **9 Staff costs**
The aggregate payroll costs were as follows:
|The aggregate payroll costs were as follows:||
|---|---|
||**2024**
**2023**|
|||
||**£**
**£**|
|**Staff costs during the year were:**||
|Wages and salaries|6,166
6,565|
The monthly average number of persons (including senior management team) employed by the charity during the year expressed as full time equivalents was as follows:
|expressed as full time equivalents was as follows:||
|---|---|
||**2024**
**2023**|
|||
||**No**
**No**|
|Employee No|1
2|
|No employee received emoluments of more than £60,000 during the year||
|**10**
**Independent examiner's remuneration**||
||**2024**
**2023**|
|||
||**£**
**£**|
|Examination of the financial statements||
||2,490
2,340|
Page 11
Docusign Envelope ID: D603FB62-F6A2-47BB-AA59-E273D090A77D
## **Rabia Educational Trust**
## **Notes to the Financial Statements for the Year Ended 31 August 2024**
## **11 Taxation**
The charity is a registered charity and is therefore exempt from taxation.
## **12 Tangible fixed assets**
|**Land and buildings**
**£**
**Plant & Machinery**
**£**
**Total**
**£**|**Land and buildings**
**£**
**Plant & Machinery**
**£**
**Total**
**£**|
|---|---|
|**Cost**||
|At 1 September 2023
1,269,800
56,471
1,326,271||
|At 31 August 2024
1,269,800
56,471
1,326,271||
|**Depreciation**||
|At 1 September 2023
292,337
55,507
347,844||
|Charge for theyear
22,856
964
23,820||
|At 31 August 2024
315,193
56,471
371,664||
|**Net book value**||
|At 31 August 2024
954,607
-
954,607||
|At 31 August 2023
977,463
964
978,427||
|**13**
**Debtors**||
||**2024**
**2023**|
|||
||**£**
**£**|
|Trade debtors|17,154
10,154|
|**14**
**Cash and cash equivalents**||
||**2024**
**2023**|
|||
||**£**
**£**|
|Cash at bank|3,053
1,715|
|**15**
**Creditors: amounts falling due within one year**||
||**2024**
**2023**|
|||
||**£**
**£**|
|Trade creditors|52,824
37,865|
|Accruals|4,679
4,679|
|||
||57,503
42,544|
|**16**
**Creditors: amounts falling due after one year**||
||**2024**
**2023**|
|||
||**£**
**£**|
|Other loans|317,218
466,773|
Page 12
Docusign Envelope ID: D603FB62-F6A2-47BB-AA59-E273D090A77D
## **Rabia Educational Trust**
## **Notes to the Financial Statements for the Year Ended 31 August 2024**
## **17 Funds**
|**17**
**Funds**|||||||
|---|---|---|---|---|---|---|
||**Balance at 1**|**Incoming**|**Resources**||**Balance**|**at 31**|
||**September 2023**
**£**|**resources**
**£**|**expended**
**£**||**August**
**£**|**2024**|
|**Unrestricted funds**|||||||
|Unrestricted general funds|113,168|259,403|(140,289)|||232,282|
|**Restricted funds**|367,811|-||-||367,811|
|**Total funds**|480,979|259,403|(140,289)|||600,093|
## **18 Related party transactions**
Trustee Z I Khan is also a director of Treetop Nursery Ltd which rents premises at commercial rates of £24,000 per annum (2023: £24,000).
Trustees Z I Khan and M Hussain are also directors of Luton Dawah Academy which rents premises at commercial rates of £24,000 per annum (2023: £24,000).
Page 13