Charity number: 1095179
Azharul Madaaris
Report of the Trustees and Unaudited Financial Statements
For the year ended 30 November 2023
Azharul Madaaris Contents Page For the year ended 30 November 2023
| Report of the Trustees | 1 to 2 |
|---|---|
| Independent Examiner's Report to the Trustees | 3 |
| Statement of Financial Activities | 4 |
| Statement of Financial Position | 5 |
| Notes to the Financial Statements | 6 to 10 |
| Detailed Statement of Financial Activities | 11 |
Azharul Madaaris Report of the Trustees
For the year ended 30 November 2023
The Trustees have pleasure in presenting their report and the financial statements for the charity for the year ended 30 November 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
The objectives of the charity are to provide islamic and secular education to adults ad children in the Bradford area.
In furtherance of these objects and to provide adequate provisions for both islamic and secular studies the Charity provides building space/facility to the local community of Bradford.
The charity aims and seeks to prepare the students of raising awareness of different cultures around us and to show respect and being tolerant to the wider community.
The charity also aims to provide students the opportunity to excel in their academic, spiritual, moral and social development.
The charity currently has 3 volunteers and has on average 130 non residential students (both male/female).
ACHIEVEMENTS AND PERFORMANCE
The Charity charges students for the services provided to fund the running costs of the charity. To that end, the charity received a fee income of £39,417 in the financial year.
The Charity continues to receive rent in the sum of £7,200 per annum from one of the charities premises rented out.
The Charity also received donations in the sum of £17,478 as the Charity raises additional funds towards the running of the organisation and towards a small expansion of the premises to accommodate student services such as ablution, more toilets etc.
There is a significant increase in cost of running the charity as the Charity incurs cost of professional fees, books etc and higher light and heat costs due to price increases in the market. The total expenses of £54,745 is an increase of £9,908 from previous financial year. Overall, the charity has made positive gains in the year (net surplus) in the region of £9,350 compared to a surplus of £35,085 in the previous financial year.
FINANCIAL REVIEW
Reserves
It is 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.
REFERENCE AND ADMINISTRATIVE INFORMATION
Name of Charity Azharul Madaaris Charity registration number 1095179 Principal address 102 Princeville Road Bradford West Yorkshire BD7 2AR
Trustees
The trustees and officers serving during the year and since the year end were as follows:
Mr Hussain Gora Mr Ismail Mohammed Saeed Raja Mr Ismail Bhana
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Azharul Madaaris Report of the Trustees Continued For the year ended 30 November 2023
Independent examiners
Salim Hajee 251 Derby Street Bolton BL3 6LA
Approved by the Board of Trustees and signed on its behalf by
............................................................................. 11 July 2024 Mr Hussain Gora
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Azharul Madaaris Independent Examiners Report to the Trustees For the year ended 30 November 2023
I report to the trustees on my examination of the accounts of the charity for the year ended 30 November 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
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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 Limited
Salim Hajee 251 Derby Street Bolton BL3 6LA
11 July 2024
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Azharul Madaaris
Statement of Financial Activities
For the year ended 30 November 2023
| Notes Income and endowments from: Donations and legacies 2 Charitable activities 3 Total Expenditure on: Raising funds 4 Charitable activities 5/6 Total Net income Reconciliation of funds Total funds brought forward Total funds carried forward |
Unrestricted funds £ 17,477 46,617 64,094 (5,363) (49,381) (54,744) 9,350 176,479 185,829 |
2022 £ 39,570 40,350 |
|---|---|---|
| 79,920 | ||
| (5,314) (39,521) |
||
| (44,835) | ||
| 35,085 141,394 |
||
| 176,479 |
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Azharul Madaaris Statement of Financial Position As at 30 November 2023
| Notes Fixed assets Tangible assets 11 Current assets 12 Debtors Cash at bank and in hand Creditors: amounts falling due within one year 13 Net current assets Total assets less current liabilities Net assets The funds of the charity Unrestricted income funds 14 Total funds |
£ 2023 188,962 188,962 223 5,223 5,446 (8,579) (3,133) 185,829 185,829 185,829 185,829 |
£ 2022 158,125 |
|---|---|---|
| 158,125 | ||
| 169 18,513 |
||
| 18,682 | ||
| (328) 18,354 |
||
| 176,479 | ||
| 176,479 | ||
| 176,479 | ||
| 176,479 |
The financial statements were approved and authorised for issue by the Board and signed on its behalf by:
Mr Hussain Gora Trustee 11 July 2024
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Azharul Madaaris Notes to the Financial Statements
For the year ended 30 November 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.
Azharul Madaaris 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).
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:
2. Income from donations and legacies
| Unrestricted funds Donations received |
2022 2023 £ £ 39,570 17,477 39,570 17,477 |
|---|---|
3. Income from charitable activities
| Unrestricted funds Activity 1 School Fees Other Income |
2023 £ 39,417 7,200 46,617 46,617 |
2022 £ 33,150 7,200 |
|---|---|---|
| 40,350 | ||
| 40,350 |
4. Expenditure on generating donations and legacies
| Unrestricted funds Legacies Support costs |
2023 £ 5,351 12 5,363 |
2022 £ 5,314 - |
|---|---|---|
| 5,314 |
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Azharul Madaaris Notes to the Financial Statements Continued For the year ended 30 November 2023
5. Costs of charitable activities by fund type
| Unrestricted funds Activity 1 Support costs |
2022 2023 £ £ 2,460 166 37,061 49,215 39,521 49,381 |
|---|---|
6. Costs of charitable activities by activity type
| Activities | Support | 2023 | 2022 | |
|---|---|---|---|---|
| undertaken | costs | |||
| directly | ||||
| £ | £ | £ | £ | |
| Support costs | ||||
| Activity 1 | 166 | 49,215 | 49,381 | 39,521 |
7. Analysis of support costs
| Finance Telephone Travelling and motor Governance costs |
Activity 1 Voluntary Income £ £ - 19,363 - 652 12 - - 29,200 12 49,215 |
2023 £ 19,363 652 12 29,200 49,227 |
2022 £ 14,888 524 - 21,649 |
|---|---|---|---|
| 37,061 |
8. 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 | 5,351 | 5,314 |
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Azharul Madaaris Notes to the Financial Statements Continued
For the year ended 30 November 2023
9. Particulars of employees
| Admin | 2023 0 0 |
2022 0 |
|---|---|---|
| 0 |
10. Comparative for the Statement of Financial Activities
The comparative year values on the Statement of Financial Activites are for unrestricted funds.
11. Tangible fixed assets
| Cost or valuation At 01 December 2022 Additions Disposals At 30 November 2023 Depreciation At 01 December 2022 Disposals Charge for year At 30 November 2023 Net book values At 30 November 2023 At 30 November 2022 |
Land and buildings £ 212,170 28,043 - 240,213 56,704 - 3,670 60,374 179,839 155,466 |
Plant and machinery £ 3,979 4,487 (1,188) 7,278 2,292 (1,189) 833 1,936 5,342 1,687 |
Fixtures and fittings £ 8,395 3,656 - 12,051 7,423 - 847 8,270 3,781 972 |
Total £ 224,544 36,186 (1,188) |
|---|---|---|---|---|
| 259,542 | ||||
| 66,419 (1,189) 5,350 |
||||
| 70,580 | ||||
| 188,962 | ||||
| 158,125 |
12. Debtors
| Amounts due within one year: Prepayments and accrued income |
2023 2022 £ £ 223 169 223 169 |
|---|---|
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Azharul Madaaris Notes to the Financial Statements Continued For the year ended 30 November 2023
13. Creditors: amounts falling due within one year
| Trade creditors Accruals and deferred income |
2023 £ 981 7,598 8,579 |
2022 £ 328 - |
|---|---|---|
| 328 |
14. Movement in funds
Unrestricted Funds
| General General Unrestricted Funds - Previous year General General |
Balance at 01/12/2022 £ 176,479 176,479 Balance at 01/12/2021 £ 141,394 141,394 |
Incoming resources £ 64,094 64,094 Incoming resources £ 79,920 79,920 |
Outgoing resources £ (54,744) (54,744) Outgoing resources £ (44,835) (44,835) |
Balance at 30/11/2023 £ 185,829 |
|---|---|---|---|---|
| 185,829 | ||||
| Balance at 30/11/2022 £ 176,479 |
||||
| 176,479 |
Purpose of unrestricted Funds
General
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustess.
15. Analysis of net assets between funds
| Unrestricted funds General General |
Tangible fixed assets Net current assets / (liabilities) Net Assets £ £ £ 188,962 (3,133) 185,829 |
|---|---|
| 188,962 (3,133) 185,829 |
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Azharul Madaaris
Notes to the Financial Statements Continued
For the year ended 30 November 2023
Previous year
| Previous year | |
|---|---|
| Unrestricted funds General General |
Tangible fixed assets Net current assets / (liabilities) Net Assets £ £ £ 158,125 18,354 176,479 |
| 158,125 18,354 176,479 |
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Azharul Madaaris Detailed Statement of Financial Activities For the year ended 30 November 2023
| INCOME AND ENDOWMENT Donations and legacies Donations Charitable activities School Fees Other Income Total incoming resources EXPENDITURE Raising donations and legacies Depreciation - owned assets Charitable activities Books, Stationery and school trips SUPPORT COSTS Finance Rates including water rates Light and heat Repairs and maintenance Insurance Telephone Telephone Travelling and motor Travelling and motor Governance costs Legal Total resources expended Net Income |
£ 2023 17,477 17,477 39,417 7,200 46,617 64,094 (5,351) (5,351) (166) (166) (2,154) (14,664) (1,117) (1,428) (19,363) (652) (652) (12) (12) (29,200) (29,200) (54,744) 9,350 |
£ 2022 39,570 |
|---|---|---|
| 39,570 33,150 7,200 |
||
| 40,350 | ||
| 79,920 (5,314) |
||
| (5,314) (2,460) |
||
| (2,460) (1,428) (11,907) (437) (1,116) |
||
| (14,888) (524) |
||
| (524) - |
||
| - (21,649) |
||
| (21,649) | ||
| (44,835) | ||
| 35,085 |
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This page does not form part of the statutory financial statements