Registered Charity number. 1086069
FOLESHILL ISLAMIC EDUCATION CENTRE TRUST
REPORT AND ACCOUNTS
Year Ended 31st Au
ust 2023

FOLESHILL ISLAMIC EDUCATION CENTRE TRUST
FINANCIAL ACCOUNTS
FOR THE YEAR ENDED 31ST AUGUST 2023
CONTENTS
Administrative Information.
2to4
Trustees annual report
Independent Examiners Report
Statement Of Financial Activities.
Balance Sheet.
8 to 10 Notes to the accounts

FOLESHILL ISLAMIC EDUCATION CENTRE TRUST
TRUSTEES ANNUAL REPORT
FOR THE YEAR ENDED 31ST AUGUST 2023
TRUSTEES:
Mr J Iqbal
M K Anwar
M N Ashique
M Zahid
ADDRESS:
643 Foleshill Road
Coventry
CV6 5JQ
BANKERS:
Barclys Bank plc
(1)

FOLESHILL ISLAMIC EDUCATION CENTRE TRUST
TRUSTEES ANNUAL REPORT
FOR THE YEAR ENDED 31ST AUGUST 2023
The trustees present their 2023 annual report and account.
1. CONSTITUTION
Foleshill Islamic Education Trust is constituted under a trust deed dated 14 March 2001.
The trust was registered as a charity on 6 April 2001 and it's registration number is 1086069.
The Trustees have legal responsibility for the operation of the Trust, and a management
committee which Includes one trustee is responsible for the day to day
affairs of the charity
2. OBJECTS
The objects of the charity as set out in the constitution is as set out below..
1) The advanGement of the Islamic religion and edu(Aalion.
2) To promote for the benefit of the inhabitants of Foleshill and the surrounding area the
provision of facilities for recreation or other leisure time occupation of individuals who
have need of such facilities by reason of their youth, age, infirmity or disablement,
financial hardship or social and economic circumstances or for the public at large in
the Interests of social welfare and with the object of Improving the condition of life of the
said inhabitants.
3) Any charitable purposes for general benefit of the people living in the United Kingdom
and In particular people living in and around Coventry, as the trustees shall from time to time
determine.
3. ACTIVITIES AND FUTURE PLANS
The trustees review our objectives and activities to ensure they continue to reflect our objects.
The trustees in the current year have considered the Charity Commission's general guidance on
public benefit and are satisfied the charity continues to provide public benefit.
The charity continues with it primary objectives which are the advancement of Islamic Education,
the provision of facilities for recreation and other leisure facilities.
{2)

COVENTRY EDUCATION AND WELFARE TRUST
TRUSTEES ANNUAL REPORT
FOR THE YEAR ENDED 31ST AUGUST 2023
4. FINANCIAL REVIEW
The principal income sources were sludeiit fees, and publlc doiialions.
The nei defecrt for tne year amounted to L730 and nel assets at 31 August 2023
were £250,602
5. RISK MANAGEMENT
The Trust Is responsible for tlie overseeing of the rlsks faced by the charity. Detailed
onsidcrations of ri8k are delegated to the trustees of the charity. Risks are identified.
assessed and controls esiaoiished throughout the year.
It is recognised that systems can only provide reasonable but not absolute assurance that major
risks have been adequately managed but is reasonable in relation lo the current size of Ihe charity.
Appropriate Criminal Records Bureau {CRB> check3, SUPPOrted by regular reviews are made of all
staff and volunle6r8 who work with children. IKlso the trustees keep under the review the finances
of tlie LlidKs1y.
(3)

FOLESHILL ISLAMIC EDUCATION CENTRE TRUST
TRUSTEES ANNUAL REPORT
FOR THE YEAR ENDED 31ST AUGUST 2023
S. STATEMENT OF TRUSTEES. RESPONSIBILITIES
Charity law require the trustees to prepare financial statements for each flnanclal year
which show a true and fair view of the state of affairs of the charity and Its financial
activities for the period. In preparing those financial statements, the trustees are
required to..
select suitable accounting policies and then apply them consistently,
b)
rnake judgements and estimates that are reasonable and prudent,.
state whether applicable accounting standards and statements of
recommended practice have been followed, subject to any departures
disclosed and explained in the financial statements, and
d)
prepare the financial statements on the going concern basis unless it is
Inappropriate to presume that the charity will continue In operational
existence.
The trustees are responsible for keeping proper accounting records and disclose
with reasonable accuracy at any time financial position of the charity and to enable
then to ensure that the financial statements comply with the Charities Act 2011.
They are also responsible for safeguarding the assets of the charity and hence
taking reasonable steps for the prevention and detection of fraud and other
irregularities.
Approved by the trustees on 31 August 2025 and signed on their behalf:
Ffl ZAJ
(Trustee)
M#414￿MEp Z4ia
(4)

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
FOLESHILL ISLAMIC EDUCATION CENTRE TRUST
I report on the acGounts of the Chanty on pages 6 to 10 for the year ended 31 August 2023 which have been
prepared in accordance with the Charities Act 2011 and with the Financial Reporting Standard (FRS102),
adapted to meet the needs of unincorporated organisations. as modified by the Statement of Recommended
Practice for Accounting and Reporting issued by the Charity Commissioners for England & Wales, (The
SORP), under the historical cost convention and the accounling policies set out on page 8.
Re5
ective Res
onsibilities of Trustee5 and Examiner
As described on page 4, the Charity's trustees are responsible for the preparation of the accounts. The
charity's trustees consider that an audit Is not required for this year under s144 (2) of the Charities Act 2011
and that an independent examination Is needed. l am qualified to undertake the examination by being
qualified member of the Association of Chartered Certified Accountants.
It is my responsilbility to..
a) examine the accounts under section 145 of the 2011 Act.,
b) to follow the procedures laid down In the General Directions given by the Charity Commi55ion under section
145{5)(b) of the 2011 Act, and,
c) to state whether particular matters have come to my attention.
Basis of inde
endent examiner's re
ort.
My examination was Garried out in accordance with the general Directions given by the Charity Commission.
An examination includes a review of the accounting records kept by the charity and a comparison of the
accounts presented with those records. It also includes consideration of any unusual items or disclosures in
the accounts, and seekiiiy expldiiations from you as trustee&1 LoiILeiniiiy dlly such niatters. The procedures
undertaken do not provide £111 tlie evidence that would be required 111 an audit and consequently no opinion is
given as to whether the accounts present a "true and fair view" and the report is limited to those matters set
out In the statement below
Inde
endent examiner's statement
In connection with my examination, no matter has come to my attention:
1) which gives me reasonable cause to believe that. in any material respect, the requirements".
to keep accounting records in accordance with section 130 of the 2011 Act, and
to prepare accounts which accord with the accounting records and comply wilh the accounting
requirements of the 2011 Act
have not been met, or
2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the
accounts to be reached.
MR ZUBAIR MOHAMMED (FCCA)
Date. 31 August 2025

FOLESHILL ISLAMIC EDUCATION CENTRE TRUST
Statement of Financial Activities for the
ear to 31st Au
ust 2023
Restrictod
Unrestrlcted Income
funds
funds
Year
Ended
311812023
Year
Ended
311812022
Note
Incoming resources
Income resources from charitable activities
18,295
10,290
18,295
10,290
14,257
4,285
Income resources from generating funds
28,585
28,685
18,542
Re8ources expended
Charitable activities
29,315
29,315
24,759
29,315
29,315
24,759
Nct incomlng/(outgolng) r•sourcos
before transfers
{730)
(730)
(6,217)
Total funds brought forward
251,332
251,332
257,549
Tot81 funds carried forward
250,602
250,602
251.332
(6)

FOLESHILL ISLAMIC EDUCATION CENTRE TRUST
Balance Sheet As At 31st Au
ust 2023
Note
3110812023
3110812022
Fixed Assets
Freehold Property
250,000
250,000
250.000
250,000
Current Assets
Barclays Bank
602
1,332
602
1,332
602
1.332
Net Assetsl
liabilities
250,602
251,332
resented B
Unrestricted Income Funds
250,602
251,332
250,602
251.332
(7)

FOLESHILL ISLAMIC EDUCATION CENTRE TRUST
Notes to the Accounts for the Year to 31st Au
ust 2023
1. Accounting Pollcie5
The financial statements are prepared in accordance with the Statement of Recommended Practice
"Accounting and Reporting by Charities" preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014
and Charities Act 2011. Exemption has been taken from preparing a cash flow statement under
'Section 7 Statement of Cash Flows, as permitted by FRS 102 on the grounds that the charity qualifies
as a small entity.
(a) Voluntary income Is received by way of donations and gifts and is Included In full In the Statement
of Financial Activities when received. Other Income Is accounted for on an accrual basis as far as it is
prudent to do so. The value of services provided by volunteers has not been included.
(b) Students fees are inGluded in the Statement of Financlal Activities (SOFA) on accrual basis.
(c) Resources expended are recogfiised in the period in which they are incurred. Resources expended
include attributable VAT, which caiiiiot be recovered. Since there are no restricted incoming resources
the charity trustees are free to spend the funds as they deem fit in the furtherance of the charity's
objectives.
(d) As a registered charity the charity is generally exempt from Income and Capital Gains Tax, but not
from VAT. Irrecoverable VAT is included in the cost of those Items to which it relates.
(e) Debtors and creditors
Debtors and creditors with no stated interest rate and receivable or payable within one year are
recorded at transaction price. Any losses arising from impairment are recognised in expenditure.
(O Provisions
Provisions are recognised when the charity has an obligation at the balance sheet date as a resLiIt of a
past cvcnt, It is probablc that an outflow of economic benefits will be required in settlement and the
amount can be reliably estimated.
(g) Fixed Assets
Fraehold propety is stated at historical valuation. No depreciation has been provided as the useful life
ol the bulldlng Is greatly In excess ol flty years.
(g) Going concern
The financial statements have been prepared on a going concern basis as the trustees believe that no
material uncertainties exist. The trustees have considered the level of funds held and Ilie expected
level of income and expenditure for 12 months from authorising these financial staleineiits. The
budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to
continue as a going concern.

FOLESHILL ISLAMIC ED
TION CENTRE TRUST
Notes to the Accounts for the Year to 31st Au
ust 2023
INCOMING RESOURCES FROM CHARITABLE ACTIVITIES
Unrestricted
funds
Restricled
Income fund3
Ygar Ended
311812023
Year Endgd
311812022
Student Fees
18,295
18.295
14,257
18,295
18,295
14,257
INCOMING RESOURCES FROM ACTIVITIES FOR GENERATING FUNDS
Unrestricted
fund8
Restricted
income funds
Yvar Ewlded
311812023
Year Ended
311812022
Donations
10,290
10.290
4,285
10,290
Unrestricted
lund$
Restricted
Incom• fund$
Year Ended Year Ended
311812023
311812022
Saloncs and Wagcs
Rates
Light and heat
Repaifs
Books and teaching materials
17,130
549
7,739
17,130
549
7,739
15,525
467
6,215
1.078
674
2.032
2,032
29,315
29,315
24.759
(9)

FOLESHILL ISLAMIC EDUCATION CENTRE TRUST
Notes to the Accounts for the Year to 31st Au
ust 2023
FIXED A55ET5
Freehold
Building
Valuation
At 31 August 2022 & 31 August 2023
250,000
UNRESTRICTEO INCOME FUNDS:
Balanc8 at
1 September
2022
Balance at
31 August
2023
Incoming
ResourGes
Outgoing
Resources
General funds
251.332
28,585
250,602
(10)