Registered Charity number: 1084269
JAMIATUL ULOOM AL ISLAMIA
Annual Report and Financial Statements
For the Year Ended
30 November 2023
JAMIATUL ULOOM AL ISLAMIA
Contents
| Page | |
|---|---|
| Reference and Administrative Details | 1 |
| Trustees' Report & Statement of responsibilities | 2 to 4 |
| Independent Examiner Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes to the Annual Accounts | 8 to 10 |
JAMIATUL ULOOM AL ISLAMIA Reference and Administrative Details
| Trustees | M G Miah | Trustee |
|---|---|---|
| M K Rahman | Trustee | |
| H Rahman | Trustee | |
| Principal Office | 364-366 Leagrave | Road |
| Luton | ||
| Bedfordshire | ||
| LU3 1RF | ||
| Charity Registration Number | 1084269 | |
| Bankers | Barclays Bank | |
| 28 George Street | ||
| Luton | ||
| Beds | ||
| LU1 2AE | ||
| Independant Examiner | HA Accountants | |
| 26 Leagrave Road | ||
| Luton | ||
| Beds | ||
| LU4 8HZ |
1
JAMIATUL ULOOM AL ISLAMIA
The report of the trustees for the year ended
30 November 2023
The trustees present their annual report and accounts for the year ended 30 November 2023
Objectives and Activities
Charitable Objectives.
The Charity's objects and regulation are regulated by Trust Deed executed on May 2000.
Aims of Charity
The objectives of the Trust set by the Trust Deed is to advance the academic as well as lslamic education and providing facilities to learn and practice Islam according to the Holy Quran and Ahadith and within the bounds of Ahle-Sunna Wal Jamaat.
The primary aim of the Charity is to provide an lslamic based education & National Curriculum to children between ages 11 to 16.
Objectives for the year.
During this year the charity sought to:
-Further improve awareness of it's existence, facilities and services offered.
-Continue to increase the number of students.
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-To continually enhance the facilities provided.
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-To recruit the best quality teachers within the budgetary constraints and to ensure all teachers are kept up to date in in their respective fields.
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-To develop and enhance the educational curriculum.
Public benefit statement
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 published by the Charity Commission for England & Wales.
Use of volunteers
The charity uses the services of volunteers in a number of ways;
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To assist in raising the profile of the charity.
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To assist with maintaining the records of the charity.
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To assist with the development of the charity.
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To provide teachings support.
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To maintain the buildings.
Achievements and Performance
-The Charity continued to improve facilities available to students.
- Raised standards, facilitating improved GCSE results.
Financial Review
During the year the charity's income was £610,196 (2022: £506,174) and after expenditure of £315,949 (2022: £307,896) the carry forward reserves stood at £1,378,001 (2022: £1,083,754).
Reserves policy
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 six months ahead.
Current reserves are adequate based on our knowledge and experience.
Principal funding source
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.
Plans for future periods
The Charity will also continue to look at options to diversify in delivering the aims and objectives of the Trust.
2
JAMIATUL ULOOM AL ISLAMIA The report of the trustees for the year ended
30 November 2023
Structure, Governance and Management
Nature of the Governing Documents
The Charity is an unincorporated association governed by a trust deed. Eligibility for membership of the charity, and membership of the board of trustees is governed by the trust deed. There are no restrictions in the governing document on the operation of the charity or on its investment powers, other than those imposed by general charity law.
Recruitment and appointment of new 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 and management.
Trustees meet regularly on a monthly 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 Head Teacher. There are 8 full time and 5 part time
employees plus a number of volunteers and employment trainees.
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 Trustees.
Risk Management
The trustees acknowledge their responsibilities for establishing a risk management system and satisfield 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.
3
JAMIATUL ULOOM AL ISLAMIA The report of the trustees for the year ended
30 November 2023
Statement of Trustees' Responsibilities
The Trustees are resonsible for preparing the trustees' report and the financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Board is required to :-
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP
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make judgements and estimates that are reasonable and prudent; and - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
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state whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements.
The Trustees are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with regulations made under the Charities Act.
They 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.
This report was approved by the board of trustees on 25th September 2024
M Gulab Miah
Trustee
4
Independent Examiners Report on the Accounts
Report to the trustees/members of: JAMIATUL ULOOM AL ISLAMIA On accounts for the year ended: 30 November 2023 Charity no: 1084269 Set out on pages: 6 to 10
JAMIATUL ULOOM AL ISLAMIA
I report to the trustees on my examination of the accounts of the above charity for the year ended 30th November 2023.
Responsibilites and basis of report
As the charity's trustees, 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 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
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
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The accounting records were not kept in accordance with section 130 of the Charities Act; or
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The accounts did not accord with the accounting records; or
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The accounts did 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.
Name: M A Haque Bsc, MBA, FFA
HA Accountants 26 Leagrave Road Luton Beds LU4 8HZ
25 September 2024
5
JAMIATUL ULOOM AL ISLAMIA Statement of Financial Activities For the Year Ended 30 November 2023
| Notes Income and Endownments from Donations and legacies Other Income 2 RESOURCES EXPENDED Cost of charitable activities Governance costs 3 Total funds carried forward Total incoming resources Total resources expended Net movement in funds Total funds brought forward |
Unrestricted funds Total Funds 2023 £ £ 424,358 424,358 185,838 185,838 610,196 610,196 315,799 315,799 150 150 315,949 315,949 294,247 294,247 1,083,754 1,083,754 1,378,001 1,378,001 |
Last Year Total Funds 2022 £ 332,078 174,096 506,174 307,796 100 307,896 198,278 885,476 1,083,754 |
|---|---|---|
The net movement in funds referred to above is the net incoming resources as defined in the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commission for Engtand & Wales and is reconciled to the total funds as shown in the Balance Sheet on page 7 as required by the said statement.
All activities derive from continuing operations
The notes on pages 8 to 10 form an integral part of these accounts
6
JAMIATUL ULOOM AL ISLAMIA BALANCE SHEET
As at 30 November 2023
----- Start of picture text -----
2023 2022
Notes £ £
The assets and liabilities of the chartty:
Fixed Assets
Tangible assets 5 1,203,824 670,752
Total fixed assets 1,203,824 670,752
Current Assets
Cash at bank and in hand 269,183 500,437
269,183 500,437
Creditors: amounts falling due
within one year 6 (2,196) (3,525)
Net Current Assets 266,987 496,912
Total assets less current liabilities 1,470,811 1,167,664
Creditors: amounts falling due
after more than one year 7 92,810 83,910
Total Net Assets 1,378,001 1,083,754
The funds of the charity:
Unrestricted income funds 9 1,378,001 1,083,754
Total charity funds 1,378,001 1,083,754
Approved by the board of trustees on 25 September 2024
M Gulab Miah
Trustee
----- End of picture text -----
The notes on pages 8 to 10 form an integral part of these accounts.
7
JAMIATUL ULOOM AL ISLAMIA Notes to the Accounts For the Year Ended 30 November 2023
1 Accounting policies
Statement of compliance
These accounts 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
The Charity meets the definition of 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 therefore not included a cash flow statement in these accounts.
Going concern
The trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern.
Income and endowments
Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when 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.
Volunteer help
The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report.
EXPENDITURE AND LIABILITIES
Liability Recognition
Liabilities are recognised where it is more likely than not there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.
Governance costs
Include costs of the preparation and examination of statutory accounts, the costs of trustee meetings and cost of any legal advice to trustees on governance or constitutional matters.
Fixed assets and depreciation
All tangible fixed assets are capitalised if they can be used for more than one year and are stated at cost less depreciation. Items of less than £1000 are not capitalised.
Depreciation has been provided at the following rates in order to write off the assets (less their estimated residual value) over their estimated useful economic lives.
Land & Buildings 2% straight line
A regular annual review of the likelihood of asset impairment is undertaken.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Funds stucture policy
The charity maintains a general unrestricted fund which represents funds which are expendable at the discretion of the trustees in furtherance of the objects of the charity. Such funds may be held in order to finance both working capital and capital investment. Restricted funds can only be used for particular restricted purposes within the objects of the charity.
8
JAMIATUL ULOOM AL ISLAMIA Notes to the Accounts For the Year Ended 30 November 2023
| 2 Incoming resources 2023 £ Voluntary income General Donations 424,358 424,358 Other Income Parental Contributions 184,378 Grants 0 Other 1,460 185,838 3 Resources expended 2023 Charitable activities: £ Education Staff Cost 143,151 Contractors 73,000 Materials & Teaching Aids 13,704 229,855 Premises Cost Non Domestic & Water Rates 8,051 Light & Heat 20,293 Repairs & Maitenance 2,698 31,042 Administrative expenses Equipment Expense 0 Insurance 5,175 Postage & Stationary 2,136 Printing 991 Subcriptions, Fees & Compliance 7,954 Telephone 1,232 Depreciation 16,928 34,416 Others Advertising 600 Bank Charges 5,227 Other Professional Fees 1,871 Subsistence 167 Staff Support Cost 12,621 Travel & Transport 0 20,486 315,799 Governance costs: Accountancy/ Internal Examiner 150 4 Staff Costs and Emoluments 2023 £ Gross Salaries 155,326 Employer's National Insurance 0 Employers Pension 446 155,772 Numbers of full time employees or full time equivalents 2023 £ Engaged on charitable activities 13 Administration 1 There were no fees or other remuneration paid to the trustees There were no employees with emoluments in excess of £60,000 per annum |
2022 £ 332,078 332,078 172,277 0 1,819 174,096 2022 £ 136,976 80,400 4,536 221,912 4,310 15,089 17,590 36,989 0 2,000 994 1,503 7,981 907 16,928 30,313 600 5,469 0 102 11,611 800 18,582 307,796 100 2022 £ 148,030 0 557 148,587 2022 £ 14 1 |
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9
JAMIATUL ULOOM AL ISLAMIA Notes to the Accounts For the Year Ended 30 November 2023
5 Tangible fixed assets
| Freehold Property £ Asset cost, valuation or revalued amount Bal B/fwd 846,400 Additions 550,000 At 30 November 2023 1,396,400 Accumulated depreciation and impairment provisions Bal B/fwd 175,648 Charge for the year 16,928 At 30 November 2023 192,576 Net book value Bal B/fwd 670,752 At 30 November 2023 1,203,824 All assets are used for charitable purposes. 6 Creditors: amounts falling due within one year Trade creditors 7 Creditors: Amounts falling due after one year Loans- Qurze Hasna |
Fixtures & Fittings £ 0 0 0 0 0 0 0 0 2023 £ 2,196 2,196 2023 £ 92,810 92,810 |
Total £ 846,400 550,000 1,396,400 175,648 16,928 192,576 670,752 1,203,824 2022 £ 3,525 3,525 2022 £ 83,910 83,910 |
|---|---|---|
Qarze Hasna is unsecured and interest free money loaned to the charity by members of the public with no fixed repayment terms.
| 8 Analysis of the Net Movement in Funds Net movement in funds from Statement of Financial Activities Net movement in funds available for future activities 9 Net Assets by fund Unrestricted funds £ Tangible Fixed Assets 1,203,824 Current Assets 269,183 Current Liabilities (2,196) Long Term Liabilities (92,810) 1,378,001 |
Restricted funds £ - - - - - |
2023 £ 294,247 294,247 Total Funds 2023 £ 1,203,824 269,183 (2,196) (92,810) 1,378,001 |
2022 £ 198,278 198,278 Total Funds 2022 £ 670,752 500,437 (3,525) (83,910) 1,083,754 |
|---|---|---|---|
10 Related Party Transactions
No fee or expenses were paid to trustees or persons connected with them
10