Charity number: 1088511
Madrasatul Imam Muhammad Zakariya Preston
Report of the Trustees and Unaudited Financial Statements
For the year ended 31 August 2023
Madrasatul Imam Muhammad Zakariya Preston Contents Page For the year ended 31 August 2023
| Report of the Trustees | 1 to 3 |
|---|---|
| Independent Examiner's Report to the Trustees | 4 |
| Statement of Financial Activities | 5 |
| Statement of Financial Position | 6 |
| Notes to the Financial Statements | 7 to 11 |
| Detailed Statement of Financial Activities | 12 to 13 |
Madrasatul Imam Muhammad Zakariya Preston Report of the Trustees For the year ended 31 August 2023
The Trustees have pleasure in presenting their report and the financial statements for the charity for the year ended 31 August 2023. The Trustees have adopted the provisions of 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 the Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
In setting our objectives, and planning our activities, we have given careful consideration to Charity Commission's guidelines on public benefit.
Students are increasingly encouraged to pursue education at British Schools. The trust aims to foster an awareness within students about their surroundings and society in an environment that is both conducive to their learning and moral welfare. The school also aims to give students a sense of citizenship and a concern for human welfare and its values multi-culturalism within society.
At the moment there are no pupils with any special needs or learning difficulties. As education providers, the trust endeavours to provide all its pupils as many opportunities to experience and equip themselves with the seven areas of learning and essentials or any well considered curriculum, linguistic, mathematical, scientific, human and social skills, aesthetic, technological and physical education.
This is a friendly school where you learn to get on with others, have the opportunity to meet people from different cultural backgrounds, improve the life skills, learn independence and increase faith. The trust ensures pupils appreciate the opportunity they have to study with students of diverse cultural heritages and cultural awareness is raised by pupils studying and engaging in weekend activities and taking part in cultural events. The trust continues to help pupils achieve a high level of self-confidence and capacity on reflection, to ensure pupil behaviour is consistently outstanding and pupils demonstrate a high level of self-discipline on a daily basis. This in turn will show an exceptionally positive attitude to school, and the maintenance of a high standard of attendance, their willingness to participate in lessons and their visible enjoyment. The trust ensures that they gain a strong sense of community and an insight into the spiritual and social benefits of communal life.
The school is committed to providing a safe and secure Islamic environment for all their children and staff. This enables the pupils to feel safe, enjoy and achieve an enriched school experience that encompasses the very best National Curriculum and a range of extra-curricular activities.
The school offers admission to boys and girls aged between 4 and 11 years and is committed to providing an education that fosters their creativity and gives them a lifetime passion for learning.
ACHIEVEMENTS AND PERFORMANCE
The trustees, parents and teachers are very pleased with the performance of the school. Madrasatul Imam Muhammad Zakariya Preston is a unique community and an environment in which pupils can learn and experience a vast array of social and academic skills in a safe and highly organised school and endeavours to make pupils schooling highly fruitful and memorable. The school day is structured such that pupils utilise their time well and in a balanced manner.
The school has high expectations of the pupils to achieve the highest level of academic excellence, character development and physical achievement. The majority of the pupils are from the local community. However, the school operates an open admissions policy that enables children from outside of Preston to gain admission.
The charity regularly evaluates and revises the curriculum to suit the pupils' needs and to prepare pupils positively for external assessments and examinations. By maintaining the policy, the school has achieved high standards of teaching and assessment as well as exceptional behviour.
The education provided to the pupils enables them to deal with daily demands of adult life in a mature and responsible manner.
The Ofsted report rated the school as Good, which is very pleasing and is a testament to the excellent contributions made by staff, pupils, and the support provided by parents.
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Madrasatul Imam Muhammad Zakariya Preston Report of the Trustees Continued For the year ended 31 August 2023
FINANCIAL REVIEW
Reserves
It is the policy of the charity to maintain unrestricted funds at a level which equates to approximately 12 months unrestricted expenditure. This provides sufficient funds to cover management and administration and support costs. Unrestricted funds are maintained at above this level throughout the year.
The school's principal funding source is from school fees which amounted to £86,123 (2022: £87,199). The average no of students is 94 generating an average fee of £1,300 per student. However, 24 students are from under privileged families hence their fees were reduced. Government grants received for the year was £29,317 (2022: £42,596). Donations for the year was £59,248 (2022: £14,994). One property owned by the school was sold during the year realising a gain on disposal of £21,817.
FUTURE DEVELOPMENTS
The school is improving and advancing each year. More generic areas of discussion are being covered such as personal hygiene etc and there is an increase in practical activities, school trips and off site visits.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The trust is an unincorporated trust, constituted under a trust deed dated 8 December 2000 and is a registered charity, number 1088511. The trust was established to promote the advancement of education and the advancement of Islamic faith particularly by establishing and operating an institution. They ensure that their rich and diverse curriculum promotes the spiritual, moral, social and cultural development and positive British values, which includes respect for those who belong to other faiths/ no faiths.
Recruitment and appointment of new trustees
The trustees are appointed by the board of trustees. The trust deed provides for 5 trustees. The principal for the time being of the institution if not otherwise a trustee shall be additional trustee ex-officio. The appointment of trustees is vested in the continuing trustees (excluding any retiring Trustees). The appointment of teacher's administrators and other persons required for the running of the Institution is in the hands of the principal. The trustees have responsibility for appointing a principal.
Organisational structure
The trustees may from time to time make such rules and regulations in their absolute discretion think fit for the management of the Institution and may at any time vary such rules and regulations. At trustees' meetings each term the trustees agree the area of activity for the trust, policies and performance.
Location and history
Madrasatul Imam Muhammad Zakariya is located in Preston and accepts students from the age of four to eleven, providing a primary education for students as well as Islamic education. Preston is a city and the administrative centre of Lancashire, located on the north bank of the River Ribble. It is an urban settlement and unparished area that when combined surrounding rural civil parishes forms City of Preston local government district of Lancashire. The whole district obtained city status in 2002, becoming England's 50th year of Queen Elizabeth II's reign. The settlement or unparished area of Preston has a population of 114,300, the whole city of Preston district has a population of 132,000 and the Preston built up area has a population 313,322. Preston is derived from Old English words meaning “Priest Settlement”.
Risk management
The trustees continue to monitor and review risks which the charity is exposed to and where necessary control and implement systems and procedures to manage those risks.
REFERENCE AND ADMINISTRATIVE INFORMATION
Name of Charity Madrasatul Imam Muhammad Zakariya Preston Charity registration number 1088511 Principal address 2 Bairstow Street Preston Lancashire PR1 3TN
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Madrasatul Imam Muhammad Zakariya Preston Report of the Trustees Continued For the year ended 31 August 2023
Trustees
The trustees and officers serving during the year and since the year end were as follows:
| Mr Said Yakub Ahmed | |
|---|---|
| Mr Ibrahim Cassim Ounia | |
| Mr Bilal Nakhuda | |
| Mr Zaqir Hussein Patel | |
| Mr Mohmed Imran Yakub Desai | |
| Independent examiner | Adam & Co Accountants |
| Adamson House | |
| 251 Derby Street | |
| Bolton | |
| Greater Manchester | |
| BL3 6LA | |
| Bankers | National Westminster Bank Plc |
| Ramsbottom Branch | |
| 15 Bridge Street | |
| Ramsbottom | |
| Bury Lancashire | |
| BL0 9WN |
Approved by the Board of Trustees and signed on its behalf by
............................................................................. 08 August 2025 Mr Bilal Nakhuda
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Madrasatul Imam Muhammad Zakariya Preston Independent Examiners Report to the Trustees For the year ended 31 August 2023
I report to the trustees on my examination of the accounts of the charity for the year ended 31 August 2023.
Responsibilities and basis of report
As the charity trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the charity'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 examiners statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
-
the accounts do not accord with those records; or
-
the accounts do 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.
Adam & Co Accountants Adamson House 251 Derby Street Bolton Greater Manchester BL3 6LA
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Madrasatul Imam Muhammad Zakariya Preston Statement of Financial Activities
For the year ended 31 August 2023
| Notes Income and endowments from: Charitable activities 2 Other income 3 Total Expenditure on: Raising funds Charitable activities 4/5 Total Net income Reconciliation of funds Total funds brought forward Total funds carried forward |
Unrestricted funds £ 174,688 21,817 196,505 (109) (154,326) (154,435) 42,070 275,713 317,783 |
2022 £ 144,789 - |
|---|---|---|
| 144,789 | ||
| - (124,888) |
||
| (124,888) | ||
| 19,901 255,814 |
||
| 275,715 |
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Madrasatul Imam Muhammad Zakariya Preston Statement of Financial Position As at 31 August 2023
| Notes Fixed assets Tangible assets 10 Current assets 11 Debtors Cash at bank and in hand Creditors: amounts falling due within one year 12 Net current assets Total assets less current liabilities Net assets The funds of the charity Unrestricted income funds 13 Total funds |
£ 2023 173,086 173,086 10,948 134,983 145,931 (1,234) 144,697 317,783 317,783 317,783 317,783 |
£ 2022 239,667 |
|---|---|---|
| 239,667 | ||
| 13,583 32,266 |
||
| 45,849 | ||
| (9,804) 36,045 |
||
| 275,712 | ||
| 275,712 | ||
| 275,715 | ||
| 275,715 |
The financial statements were approved and authorised for issue by the Board and signed on its behalf by:
Mr Said Yakub Ahmed Trustee
08 August 2025
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Madrasatul Imam Muhammad Zakariya Preston Notes to the Financial Statements For the year ended 31 August 2023
1. Accounting Policies
Basis of accounting
The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and in accordance with the Charities SORP (FRS 102) ‘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 2019)', Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Charities Act 2011.
Madrasatul Imam Muhammad Zakariya Preston 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 note(s).
Incoming resources
All incoming resources are included in the statement of financial activities when the Charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
Resources expended
Liabilities are recognised as resources expended when there is a legal or constructive obligation committing the Charity to the expenditure:
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Plant and machinery | 20% Straight line |
|---|---|
| Fixtures and fittings | 15% Straight line |
2. Income from charitable activities
| Unrestricted funds School Activities Lillah School Fees Grant |
2023 £ 59,248 86,123 29,317 174,688 174,688 |
2022 £ 14,994 87,199 42,596 |
|---|---|---|
| 144,789 | ||
| 144,789 |
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Madrasatul Imam Muhammad Zakariya Preston Notes to the Financial Statements Continued For the year ended 31 August 2023
3. Other income
| Unrestricted funds Gains on disposal of tangible fixed asset for charity's own use osts of charitable activities by fund type Unrestricted funds Support costs osts of charitable activities by activity type Support costs School Activities Activity 10 nalysis of support costs School Activities Staff Wages Rates & Water Insurance Light & Heat Repairs Telephone Cleaning Books & School trips Governance costs |
2023 £ 21,817 21,817 2023 £ 154,326 2023 £ 152,747 1,579 154,326 2023 £ 116,788 3,870 1,418 5,870 1,931 503 246 17,949 5,751 154,326 |
2022 £ - |
|---|---|---|
| - | ||
| 2022 £ 124,888 2022 £ 123,469 1,419 |
||
| 124,888 | ||
| 2022 £ 93,878 3,749 968 8,731 1,926 492 3,721 6,481 4,942 |
||
| 124,888 |
4. Costs of charitable activities by fund type
5. Costs of charitable activities by activity type
6. Analysis of support costs
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Madrasatul Imam Muhammad Zakariya Preston Notes to the Financial Statements Continued For the year ended 31 August 2023
7. Net income/(expenditure) for the year
This is stated after charging/(crediting):
| This is stated after charging/(crediting): | ||
|---|---|---|
| 2023 | 2022 | |
| £ | £ | |
| Depreciation of owned fixed assets | 1,078 | 1,079 |
| (Gain)/Loss on disposal of tangible fixed assets | (21,817) | - |
8. Staff costs
Total staff costs for the year ended 31 August 2023 were:
| Salaries and wages Clerical & Caretaker Management & Head of Staff Teacher & Teacher Assistant |
2023 £ 116,788 116,788 2023 3 3 28 34 |
2022 £ 93,878 |
|---|---|---|
| 93,878 | ||
| 2022 3 3 20 |
||
| 26 |
9. Comparative for the Statement of Financial Activities
The comparative year values on the Statement of Financial Activites are for unrestricted funds.
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Madrasatul Imam Muhammad Zakariya Preston Notes to the Financial Statements Continued For the year ended 31 August 2023
10. Tangible fixed assets
| Cost or valuation At 01 September 2022 Additions Disposals At 31 August 2023 Depreciation At 01 September 2022 Charge for year At 31 August 2023 Net book values At 31 August 2023 At 31 August 2022 |
Land and buildings £ 238,929 41,689 (109,999) 170,619 - - - 170,619 238,929 |
Plant and machinery £ 23,979 2,807 - 26,786 23,462 626 24,088 2,698 517 |
Fixtures and fittings £ 13,863 - - 13,863 13,642 452 14,094 (231) 221 |
Total £ 276,771 44,496 (109,999) |
|---|---|---|---|---|
| 211,268 | ||||
| 37,104 1,078 |
||||
| 38,182 | ||||
| 173,086 | ||||
| 239,667 |
11. Debtors
| Amounts due within one year: Trade debtors Prepayments and accrued income Creditors: amounts falling due within one year Other creditors Accruals and deferred income |
2023 £ 9,010 1,938 10,948 2023 £ 1,185 49 1,234 |
2022 £ 11,360 2,223 |
|---|---|---|
| 13,583 | ||
| 2022 £ 6,491 3,313 |
||
| 9,804 |
12. Creditors: amounts falling due within one year
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Madrasatul Imam Muhammad Zakariya Preston Notes to the Financial Statements Continued For the year ended 31 August 2023
13. Movement in funds
Unrestricted Funds
| General General Unrestricted Funds - Previous year General General |
Balance at 01/09/2022 £ 275,713 275,713 Balance at 01/09/2021 £ 255,814 255,814 |
Incoming resources £ 196,505 196,505 Incoming resources £ 144,789 144,789 |
Outgoing resources £ (154,435) (154,435) Outgoing resources £ (124,888) (124,888) |
Balance at 31/08/2023 £ 317,783 |
|---|---|---|---|---|
| 317,783 | ||||
| Balance at 31/08/2022 £ 275,715 |
||||
| 275,715 |
14. Analysis of net assets between funds
| Unrestricted funds General General Previous year Unrestricted funds General General |
Tangible fixed assets Net current assets / (liabilities) Net Assets £ £ £ 173,086 144,697 317,783 |
|---|---|
| 173,086 144,697 317,783 |
|
| Tangible fixed assets Net current assets / (liabilities) Net Assets £ £ £ 239,667 36,045 275,712 |
|
| 239,667 36,045 275,712 |
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Madrasatul Imam Muhammad Zakariya Preston Detailed Statement of Financial Activities For the year ended 31 August 2023
| INCOME AND ENDOWMENT Charitable activities Lillah (School Activities) School Fees (School Activities) Grant (School Activities) Other income Gains on disposal of tangible fixed asset for charity's own use Total incoming resources EXPENDITURE Raising donations and legacies Donations SUPPORT COSTS Staff Wages Staff Wages (School Activities) Rates & Water Rates & Water (School Activities) Insurance Insurance (School Activities) Light & Heat Light & Heat (School Activities) Repairs Repairs (School Activities) Telephone Telephone (School Activities) Cleaning Cleaning (School Activities) Books & School trips Books & School trips (School Activities) |
£ 2023 59,248 86,123 29,317 174,688 21,817 21,817 196,505 (109) (109) (116,788) (116,788) (3,870) (3,870) (1,418) (1,418) (5,870) (5,870) (1,931) (1,931) (503) (503) (246) (246) (17,949) (17,949) |
£ 2022 14,994 87,199 42,596 |
|---|---|---|
| 144,789 - |
||
| - | ||
| 144,789 - |
||
| - (93,878) |
||
| (93,878) (3,749) |
||
| (3,749) (968) |
||
| (968) (8,731) |
||
| (8,731) (1,926) |
||
| (1,926) (492) |
||
| (492) (3,721) |
||
| (3,721) (6,481) |
||
| (6,481) |
Governance costs
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This page does not form part of the statutory financial statements
Madrasatul Imam Muhammad Zakariya Preston Detailed Statement of Financial Activities Continued For the year ended 31 August 2023
| Governance costs (School Activities) Governance costs (Activity 10) Total resources expended Net Income |
(4,172) (1,579) (5,751) (154,435) 42,070 |
(3,523) (1,419) |
|---|---|---|
| (4,942) | ||
| (124,888) | ||
| 19,901 |
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This page does not form part of the statutory financial statements