RA LEARNING CENTRE 180-182 Allesley Old Road Coventry CV5 8GJ Charity Number 1093756 2024 Report & Accounts RA LEARNING CENTRE Charl number 1093756 TRUSTEES ANNUAL REPORT The trustees present their fourteenth annual report together with the accounts for the year to 31st December 2024. Background The Iqra Learning Centre was set up in January 2002. The constitution of the trust was approved by the trustees and other interested parties and the Iqra Learning Centre was registered as a charity. Trustees Executive Commlttee: Mr Pino Khan Mr Tahir Iqbal Mr Mehrban Hussain Mr Zulficar Khan Mr Sajjad Hussain Mr Imran Hussain Mr Zafar Iqbal Mr Ashiq Hussain Mr Abu Tariq Khan The trustees are appointed by the members at the annual general meetings. Only individuals who have the knowledge of the activities and objectives of the centre are nominated . Once they are appointed, tho committee members provide the n8cessary training of duties, responslbilities and procedures. Objectlves The objectives of the charity are as follows.. Chairman Resigned on 1st November 2024 (i) the advancement and promotlon of the Islamic religion in accordance with the tenets and doctrines of the Ahllus Sunnah Wal Jammaah (ii) the advancement of the education of Muslim children in accordance with the tenets and doctrines of the Ahllus Sunnah Wal Jammaah (iii) to advance the education of the general public in the culture and traditions of Islam. These objectives are met by the provision of a place for public worship and a library. There are also regular quranic and Islamic classes for adults and children as well as monthly social gatherings and regular meetings with local churches for inter-faith dialogs. Furthermore, the charity regularly engages in raising funds for other charities and emergency disaster appeals. The trustees are mindful of the Charities Commission guidance on public benefit and they believe that the charity's activities do provide public benefit. Fixed Assets The charity's freehold propety is vested in the names of the trustees. Review of Financial Actlvities During 2024 the incoming resources continued to increase, however, there were also increases in the employment costs as well as some overheads. The net incoming resources during 2024 amounted to £37,902 (2023- £34,925). At 31 st December 2024 the charity had unrestricted funds of £498,480 (2024- £460,578). During 2024 the charity has updated the frontag8 of the building, the signage and car parking facilities. The new windows and front door will result In a reduction of heat loss and considerable savings on energy bills. Professlonal Servlces During the period the charity used the services provided by the following companies: Solicitors.. BRM Legal. Solicitors Coventry Accountants.. Crystal Business Services Ltd Chartered Accountants Coventry Bankers.. HSBC Bank Plc, Foleshill Rd Coventry InvestmentlReserves Pollcles The rental incomes together with surplus donationslcollections will continue to be utilised for private loan repayments. Th8r8 are no specific investment or reserves policies and the trustees feel that the bank balances will be sufficient to meet any private short-term loan repayment demand. Rlsk Review The trustees actively revlew the major risk8 which th8 charity faces on a regular basls. The income is constantly monitored and the financial risks are minimised by authorising expenditures in line with the incomes. Change of Structure Application was submitted to the Charities Commission to incorporate on 22nd November 2024 as approved by the board of trustees, On the 2nd January 2025 the Charities Commission approved the new CIO and the existing charity has transferred its assets to the new CIO (No 1211547) and is dissolved. Approved by the trustees on 12t August 2025. INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF RA LEARNING CENTRE I report on the accounts of the charity for the year ended 31 December 2024 which are set out on pages 4 to 7. Res onsibilities and basis of re ort As the charity trustees of the company you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011. Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your company's accounts as carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011. Inde endent examlner's statement I confirm that l am qualified to undertake the examination because l am a member of th8 Institute of Chartered Accountants in England and Wales. 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., 1. accounting records were not kept in respect of the charity as required by the Charities 2.the accounts do not accord with those records; or 3.the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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., or 4.the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities, applicable to charities preparing their accounts In accordance with the Financial Reporting Standard applicable in the UK and R8public of Ireland (FRS 102). 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. Mr Akbar Dedat Chartered Accountant Crystal Business Services Ltd. 264 Stoney Stanton Road Coventry . CV14FP .12th August 2025 RA LEARNING CENTRE Statement Of Financial Activi For The Year To 31 st December 2024 Income and Ex enditure Account Restrlc - Unrestr - ted icted Total 2024 Total 2023 INCOMING RESOURCES Generated Funds Donations & Collections Rental Income Total Incomln 118,948 118,948 13,164 13,164 132,112 132,112 116,344 9,752 126,096 Resources RESOURCES EXPENDED Salaries Donations to charity Bank charges Cleaning Light & heat Building rates Expenses of rented flat Building repairs and safety certificates Office stationery,software Sundry expenses Telephone and internet Total Charltable Ex 81,029 81,029 74,056 2,684 286 228 8,481 352 1,883 2,138 257 257 229 229 4,196 4,196 274 274 1,042 1,042 4,776 4,776 668 668 1,004 1,004 735 735 94,210 94,210 409 654 91,171 endltures NET INCOMING RESOURCES 37,902 37,902 34,925 Reconclllatlon Of Funds Fund Balances At 1st January 2024 460,578 460,578 425,653 Fund Balances At 31st December 2024 498,480 498,480 460,578 ALL OF THE ACTIVITIES ARE CONTINUING. RA LEARNING CENTRE Balance Sheet As At 31st December 2024 2024 2023 Fixed Assets Freehold Property (Inc Costs)blf Capital costs incurred in the year (Th8 prop8rty is functional). 425,255 12,593 400,322 24,933 Current Assets HSBC Bank PIC 437,848 425,255 110,932 87,792 Less: Current Liabllities 2,169 Net Current AssetslLlabllltles 110.932 85,623 Total assets less current Ilabllltles 548,780 510,878 Less.. Lon Term Llabllltles Private Loans 50.300 50,300 £ 498,480 NET ASSETS 50,300 £ 460,578 Financed B Unrestricted Funds 498,480 460,578 £ 498,480 £ 460,578 Approved by The Board of Trustees on th8 12th August 2025 and signed on it's behalf Trustee Trustee RA LEARNING CENTRE Notes to the Accounts For The Year Ended 31st December 2024 1 Summary of significant accounting policies (a) General Informatlon and basls of preparatlon The Iqra Learning Centre is a charity registered in England. The nature of the charills operalions and principal activities are set out in the trustees, report. The charity constitutes a public benefit entity as defined by FRS 102. The financial stalements have been prepared in accordance with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 102) and Ihe Charities Act 2011. The financial statements have been prepared to glve a 'lrue and fair, view and have not departed from the Charities (Accounts and Reports) Regulations 2008 in order to provide a 'true and fair view,. The financial statements are prepared on a going concern basis under the historical cost convention. The financial slalemenls are presented in sterling which is the functional currency of the charity. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless olherwise staled. (b) Fund8 Unrestricted funds are available for use at the discrelion of the trustees in furtherance of the general objectives of the charity and whlch have nol been designated for olher purposes. (cl Income recognltlon All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity Is legally enlilled lo the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received. No amount Is Included In the financlal statements for volunteer tlme In Ilne wlth the SORP (FRS 102). (d) Expendlture recoEnltlon All expenditure is accounted for on an accruals basis 8nd has been classified under headings that aggregate all cosls related to the category. Expenditure is recognised where there is a legal or constructive obllgation to make payments to thlrd parlles, it Is probable that the seltlement wlll be required and the amount of Ihe obligation can be measured reliably. Irrecoverable VAT is charged as an expen8e against th8 8clivity for which expenditure arose. (e) Tanglble fixed assets The Trustees consider that the depreciation of land and buildings is not approprlate. Smaller move8ble flxed assets are expensed in the revenue account. (fj Creditors payable wlthln one year Creditors with no stated interest rate and payable within one year are recorded at transaction price. The concessionary loans are stated at the actual amounts loaned. RA LEARNING CENTRE Notes to the Accounts For The Year Ended 31 st December 2024 (gl Provisions Provisions are recognlsed when the charity has an obligation at the balance sheet date as a result of a past event, it is probable that an oufflow of economic benefits will be required in settlement and the amount can be reliably estimated. (h) Tax The charity Is an exempt charlty withln the meaning of schedule 3 of the Charities Act 2011 and Is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore It meets the definition of a charitable organisation for UK corporation tax purposes. (11 Golng concern The flnanclal slatements have been prepared on a golng concern basls as the trustees believe that no malerSal uncertalnlies exlsl. The trustees have considered the level of funds held and the expecled level of income and expenditure for 12 months from authorising these financial statements, 2 Payroll costs The average number of full and part-tlme employees In Ihe year was 10 {2024 - 101. There are no employees who recelved emoluments exceedlng £60,000 In the year. There were no remuneralions or disbursements for the active trustees during the year lo 31st December 2024. The analysis of payroll is as follows:. 2024 2023 Gross salaries Soclal security costsllnc. employer penslons) 80,735 294 81,029 73,767 289 74,056 3 Long temi Ilabllltles These are inter6sl-free concessionary loans. They are long term and also there is Ihe possibility that some of these loans may be waived by the providers al which time they will be treated as donations.