REGISTERED CHARITY NUMBER.. 1085204 Trustees, Rcport and Unaudited Financial Statements for the Year Ended 31 August 2024 For Tawhid Educational Tst
REGISTERED CHARITY NUMBER: 1085204 Trustees, Report aiid Unaudited Financial Statements foy the Year Ended 31 August 2024 For Tawhid Educational TTUSt
TAwhid Educational Trust Contents of tlie Financial Statements for the Year Ended 31 August 2024 Page Trustees, Report I to3 Statement of Trustees Responsibilities Indepciident ExainiJ)els Report Slalement of Financial Activities Balance Sheet Notes to the Financial Ststements 8t010 Detailed Sialement of Financial Activities 11
Tawhid Educational Twst Trustees, Report for the Year Ended 31 August 2024 The trustee5 present thetT report with the financial slalements of the charity for the y¢8r ended 31 Augusi 2024. Tlie trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice pplicable to charities preparing their accouv]Is in accordance with the Financial Reporting Standard applicable in the UK and Republic oflreland {FRS 102) (¢ffectiv¢ l January 2015). The Tawhid Educational Board C*Thc Shura, ) prescllts their report and unaudited financial statements for the year ended 31 Augu512024. OBJECTtVES AND ACTIVITIES Objectives and aims The objects of the Tnist are to advance th¢ Academic as well as Islamic Educalion in accord&n¢e with the Holy Quran and Ahadith within th¢ bounds of Ahle-sunnah Wal Jamaat Page I
Tawhid Educational Trust Trustee5' Report for tlie Year Ended 31 August 2024 OBJECTIVES AND ACTIVITIES Review of activities and financial position The Trust's in¢ome arises froin fees and donations. The Management is responsible for the day-lo-day manageinent of the financial and operational matters and meets. nOllY on a monthly basis to discuss and review the affairs of the school and to develop plans. This review covers the entle1h year of the school. We currently have 121 pupils on roll. Academically. the School ha5 Contiiiued to consolidate on its achievements prioritising curriculum and personal development as ils main objective. The school seeks to provide a holistic education and has continued to develop neiv initiatives Ihroughoul the year lo extend th¢ spiritual, intellectual and physi¢al development of pupils. Despite the challenges posed in previous three years due to COVID, th¢ school underwent a routine Ofsted inspection in July 2022. Ovei?11, the school was rated Good with all indepeiident School Standards being met (ISS). This year Ibe school had a very good GCSE achicvemclll. Ibis would not have been possible without the efforts, dedication of our teaching staff and students. Overdll, OUT GCSE results showed tbal students made outstanding to good progress across the range of subjects fTom their 5tatting points in Year 7 to Year I l. "Leaders work An collaboralion with other schools and the local autliorfftty. Leaders ensure that tenchers hnve access to training which helps them to develop their PTaclice. Staffs are positive about working at the school. They said that the s¢hool is well led and that lenders consider their workload" (OFSTED July 2022) To raise acbievement and ensure students make outstanding progress wc have continued lo usc the Granada Lcamffing (GL) diagnostic testing forall the year gtoups includin¥ Progress tests and CAT$ for newly a1ved Year 7 students. The school pul in a range of intervention progiammes lo siipport those students who were perfonning below their expecled atlainment as well as extension programmes for higher ability students. The school's curriculum expanded with more inlera¢lions wilh Unifrog. our online platform for car¢ers. The school was able to deliver more activities for all classes to experience the encounters across all 8 Galsby Benchmark which seL8 the slandard for Cai'eers education. The school has continued its work on the Quality in Careers Guidance Accreditation programme that will benchmark the schools provision with nationally sel crileria. Once again, he school achieved ihe Gold Award for STAR Accreditation for promoting sustatnable travel. Kve were also successful in organising on road Cycling Level 1-3 training for year 7-9 that helped them to become confident road cyclist. Our road safety programme WAS delivered by Hackney Street Scenes that included a range of activities for all year groups from pre-driving to saf¢ travel on public traDSPOrt. Our cycling residentlal to Norfolk as in previous years was the highlight of the year for our Year 8 studenls who completed a 25kn1 track. The schools other extensive enrichment progTamme this year for all of our students to extend and challenge their school experiences tkn'ougli a range of activities and events wliich Included international trip to Marrakesb, activities al Go-ape, trips lo parliament, Museums, advenlure activities, STElvl a¢tivtties and many more. To rther incentivise students interest, participation in future enrichinent programmes the school has prodEtced Tawhid Achievement and Enrichment end of yearbook to share 8nd cel¢brale our successes. The underlying financial viability of the project rem8ins strong. which has been demonstrated Ihrough operational expenditure being met by fee income and donations. Once agaitk, tlie opernlional side of the school is relatively healthy and can fund its ongoing activities. STRUCTURE, GOVERNANCE AND MANAGEMEIYT Governing document The charity is controlled by ils governing do¢ument, a deed of trust. and constitutes an unincorporated charity. Tawhid Educational Trust ( The Trust") was eslablishcd by a trust deed daled July 2000. The Trust cxists as A re¥istered charity (number 1085204). Page 2
Tawhid Educational Trusl Trustees, Report for the Year Ended 31 August 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Charity constitution The Tawhid School was established by trn5t deed dated July 2000. and is registered under in the United Kingdom as a charity, number 1085204. Prineipal Officers ChairInan Hon Secretary Hon Treasurer Abdul Ghani Alibhai Yunus Kapadia Ilyas Lunat REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1085204 Principal address I I l Osbaldeston Road Stoke Newington London N166NP Trustees Abdul Ghani Alibhai Ilyas Hafesji Yahya Hafesji Rasl)id Ahmed Dana Ntsar Ahmed Shari Mehmood Mapara Yunus Kapadia Independent examiner KALA ATKINSON Chartered Certified A¢¢ountanls & Statutory Auditors 43 Upion Lane Forest Gate London E7 9PA Approved by order of the board of tStee8 on 24 January 2025 and signed on its behalf by: Trustee Page 3
Tawhid Educational Trust Siotement of Twstees Responslbilities for the Year Ended 31 August 2024 The trustees are responsible for preparing the Trustees, Report and the fii)ancial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounling Practice). Th¢ law applic8ble to charities in England And Wales. the Chai'ities Act 2011, Cliarity (Accounts and Reports) Regulalions 2008 and the provisions of ilie trust deed requires the truste¢,4 to prepare financial statemenls foreach financial year which give a true and fair view of the stale of affairs of Ihe charity and of the incoming resources and application of resources, including the income and expendituie, of the charity for that period, fn preparing those financial ststements, the trustees are requii'ed to select suitable accounting policies and then apply theni consistently; obscrvc Ihc mcihods and principlcs in the Charity SORP- make judgements and estimates that are reasonable and pdent. prepare the finallci#l ststemenls on the going concern basis unless it is inappropriate to presume that ihe charity will continue in business. The trnstees are responsible for keeping proper accounting records whi¢b disclose with r¢ason&ble accuracy at any time the fuiancial position of the charity and to enable them lo ensure that the flnancial statements comply with the Charities Act 2011, the Charily (Accounts and Reports) Regulations 2008 and Ihe provisions of the trust deed. They are also responsible for safeguarding the assets of the charily and hence for taking ieasonable slep5 for the prevention and detection of fraud and other irregularities. Page 4
Independent Examiner's Report to the Trnst¢es of Tawhid Educational Tst Independent examinefs report to the trustees offawhid Educational Ttust I report to the charity trnstees on my examination of the accounts of the Tawhid Educaltonal Trust (the Trnst) for the year ended 31 August 2024. Responsibilities and basls of report As the ch41rity trustees of the TNst you are responsible for the preparation of the accounts in accordance with Ihe requireinenls of the Cliarilies Acl 2011 ('the Act,). I report in i'especl of my examination of the Trust's a¢counts ¢arri¢d out uiider section 145 of the Act and in canying out rny examiiiation I have followed all applicable Direclions given by the Charily Commission under section 145(5)(b) of the Act. Independent examinePs statement Since yoiir charity's gross income exceeded £250.000 your examiner must be A member ofa listed body. I can confim) that l am qualified to undertake the examination because I am a registered member of ACCA ivhich is on¢ of the listed bodies I liave completed my cxamination. I confum that no material malters have come lo my attention in connection wilh the exam&nation giving me cause lo believe that in any material respect: accounting records were not kept in respect ofihe Trust as required by section 130 of the Act. or the accounts do not accord with those records; or the accounts do not comply with the applicable requirements concerning Ihe forni and content ofaccounts set out in Ilie ChaTltics (Accoutsls and Reports) Regulations 2008 other than any Tequirement that the accounts give a tru¢ and fair view ivhich is not a matter considered as part olan ind¢pendent examinalion. I confinn that there are no oiher matters lo which your attention should be drawn to enable a proper understanding of the accounts to be reached. KAI.A Chartei'ed Certifjed Accountants & Slatulory Auditors 43 Upton Lane Forest Gate London E7 9PA Date- 27 May 2025 Page 5
Tawhld Ei due4tion#l Trust Statement of Financial Activitles for the Year Ended 31 August 2024 31.8.24 Unresirlcted nd 31.8.23 Unrestrleted Notes INCOME AND ENDOWMENTS FROM Donatlons and legacles Total 526,524 492,458 EXPENDITURE ON Roi$ing fud& 482,229 499,662 Other 1,217 1.308 Total 483.446 500,970 I¥ET ANCOMEI(LOSS) 43,078 (8,512) RECONCILIATION OF FUNDS Total funds brought forward 1,132.491 1,141,003 TOTAL FUNDS CARRIED FORWARD CONTINUING OPERATIONS All Income and ¢xp¢nd]tre h#s ari$en from Continuing Activities. The notes form pi)rt of thcse financiAI statements Page 6
. Taiyhid, EdueAtional Trust Balance Sheet At 31 August 2024 31.8.24 Unrestrlcted nd 31.8.223 Uhrestrlcted funds Notes FIXED ASSETS TAMgible a55eÉs 854,143 832,169 CURRENT ASSETS Debtors Cash at bank 358,649 358,649 340,687 CREDITORS Amounts falling due within one year (37.223) (40,365) NET CURRENT ASSETS 321,426 TOTAL ASSETS LKSS CURRENT LIABILITIES 1.175,569 1,132.491 NET ASSETS 1.175,569 riUNDS Unrestricted funds 1,175,569 1132491 TOTAL FUNDS 1.175,569 1132491 The finanelal stAtemen¢s were Hpproved by the BoArd of Trustees on 24Jgnuary 2025 gnd were slgned on its behalf by: Abdul Gllani Alibhai -Ttustee Trustee The notes form p*rt of tliese financial statenients Page 7
T8ivhld Edu¢*tlonal Trst Notes lo the Financial Statements for the Year Ended 31 Augusl 2024 ACCOUIYTING POLICIES Basis of preparftng the fancIal statements The financial slalemenls of the charity, which is a public benefit entity under FRS 102, have been prepared iii accordance with the Charities SORP (FRS 102) 'Ac¢ounling and Reporting by Charities: Statement of Recommended Practice applicable lo charities pirparing tlieir accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic oflreland (FRS 102) (effective l January 2015),, Financial Reporting Standard 102 'The Financial Reporting Standard applicabl¢ in th¢ UK and Republic of Ircland, and the Charities Act 2011. The financial slalemenls have been prepared under the historical cosl convention, Income All income is recogiiised in the Statement of Financial Activilies once the chaTity has enlitleinent lo the funds, it is probable that the income will be received and Ihe amount can be measured iEliably. Expenditur¢ Liabilities arc recognised as expenditure as soon as there is a legal or constrnctiv¢ obligation ¢on]mitting the charity to Il)at expenditure. Ét is probable that a transfer of economic benefits will be required in settlement and the amount of the obltgation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where cosls cannot be directly attribul¢d to pmiicular headings they have been allocat¢d to activities on a basis conslstent with the use of resources. Tangible fixed assets Freehold propel iy nil (not depre¢i8ted as residual value expected to exceed cost) Freehold improvements nil (not depreciated as relatcs to stru¢turdl improvcmenls to Freehold) Furniture and equipment 20/ Computers 20% Niini Bus 200/0 Taxation The charity is exempt from tax on its charitable aclivtties, Fund accounting Unr¢stsicted ndS can be used in accordance with the charitsble objectives at the discretion of th¢ twstees. Restricted funds can only be used for particular restricted purposes within the objects of the charity- Restrictions arise when specified by Ibe donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fvnd is included in the notes to the financial stal¢ments. TRUSTEES, REMUIYERATION AND BENEFITS There were no truslees, remuDeration or other benefits for the year ended 31 August 2024 nor for Ihe year ended 31 August 2023. Trustee5' expenses There were no trustees. expenses paid for the year ended 31 August 2024 nor for the yearended 31 August 2023. Page 8
-Taivhid Educational Trust Notes to the Financial Stalen)enls - contlnued for the Year Ended 31 Aiigust 2024 STAFF COSTS The average monthly number of employees durlng tho y•ar was as follows: 31.8.24 13 31.8.23 13 Staff No •mploy•ès re¢•lv¢d ¢molum¢nt$ in excess of £60.000. TANGIBLE FIXED ASSETS Freehold prope11ylimpr ovements Flxtures and Computer5 & ttlngs Mlnl 3u$ Totals COST At I September 2023 Additions 807,152 26,978 834,130 38,868 113,146 959,166 26,978 986,144 38,868 113,146 DKPRECIATION At I September 2023 Chargo for year 34,526 868 92,471 4.135 126.997 5,003 Al 31 Augusl 2024 35.394 96,606 NET BOOK VALUE Ai 31 August 2023 807.152 20.675 832 169 Ai 31 August 2024 834,130 16,540 DEBTORS: AMOUIYTS FALLING DUE WITHIN ONE YEAR 31.8.24 31.8.23 other debiors CREDITORS: AMOUNTS FALLING DUE WITIIIN ONE YEAR 31.8.24 31.8.23 Taxatlon and social securlty Other credllors 7.191 7,736 40.365 LOANS An analysls of thè maturlty of loans is given below.. 31.8.24 31.8.23 Amounts falllny du• wlthln one year on demand: Interèst free loan Page 9
Tawhid Educatlonal Trusl Notes to tlie Financlal Statements - contlnued f•r the Year Ended 31 August 2024 RELATED PARTY DISCLOSURES There were no relmted paty transactions for Ihe year ended 31 August 2024. Page 10
'Tawhid,Educalional Tnt Detailed Statement of Financial Activities for the Year Ended 31 August 2024 31.8.24 31.8.23 INCOME AND ENDOWIIqEi¥rrs Donations and legacies Doiialions Tuition Fee5 Other Incomc 25,962 482,014 18.548 11,608 456,123 Total incoming resources 526.524 492,458 EXPENDITURE Raising donations and legacies Wages, NIC and Pension Insw?nce Utilities Telephone Postage and stationery Sundries Books. malerial and training Exam Feesl Inspection IT Licence / Maintenance Sports & Events School Uniforn) Maintenance Depreciation 383,337 7,955 14.883 1,044 2,234 3,134 15,738 5,684 8,181 22,666 2,992 9,378 S.)3 393,020 7,305 20,434 1,264 3.781 2.686 18,130 4,139 13,703 20,025 590 8.330 6,255 482,229 499,662 Suppoit costs Finance Bank charges .217 1,308 Total resources expended 483,446 500,970 Net Incomelooss) 43.078 This page does not form part of th¢ statutory financial slalemenls Pagell