Charity Reglstratlon Number: 1101644 AL FALAH EDUCATIONAL TRUST Unaudited Financial Statements Year ending 31 August 2024 ACCOUNTANTS 390-392 Hlgh Rd, Balfour Buslnem Centre Ilford, ZGI IBF Emall . lnfo@thetaxhelp.co.uk Tel .. 0203 633 7008 AL FALAH EDUCATIONAL TRUST Flnancial Statements Year ending 31 August 2024 Contents Page Trustee's annual report 24 Independent examinerfs report to the trustee Statement of financial activities ( including income and expenditure account) Statement of financial position Notes to the financial statements 7-11 Toxhelp Accountants Limited Page I AL FALAH EDUCATIONAL TRUST Trustees, Annual Report Year ending 31 August 2024 The Irustees, who are the management of the organisation present their report and the unaudited rinancial statements of the charity for the year ended 31 August 2024. Reference and administrative d•tails Registered charity name Al Falah Educational Trust Charity registration number 1101644 Registered charity address 48 Kenninghall Road London E5 8BY The trustees Shah Muhammed Anas- Chaiman Shah Mohammad Shuib Mian Mohammed Aslam Moudud Ahmed Ali Choudhury Muhammed Sharif Uddin Independent examiner Muhammad Usman Ansari Certified Accountsnt 390-392 High Road Balfour Business Centre Ilford IG1 1BF Bankers Metro Bank One Southampton Row London WC1B SHA Taxhelp Accountonts Limited Page 2 AL FALAH EDUCATIONAL TRUST Trustees, Annual Report Year ending 31 August 2024 The trustees presenl their report and the financial statements for the year ended 31 August 2024. The financial statements have been prepared on the accounting policies sel out on page 7,. comply with the constitution, applicable law and applicable accounting standards. Object8, prlnclpal actlvltle8 and organ18atlon of the Charlty Al Falah Educational Trust was established by a trust in July 2000. The objects of the charty are to a¢Jvance the academic and Islamlc Education Operatlonal and flnanclal rovlow The charity made a nel deficrt of £4883 ¢ompared with a nel deficit of £-9682 in the prevlous year. Fees receivable during the year amounted to £2232101£247715 in 2023>. Donation received durlng th8 year was £579251£36450 in 2023>. Govt. grants received during the year was £0 (£2334 in 2023). Tru8tee8 Trustees. who served during Ihe year are set out on page 2, Statement of Tru8tee8' Ro8pon8lbllltle8 Th8 Chartll88 Act requlres the trustees lo pr8pafe financlal slatements for each financial year, whlch give a true and and fair view of the state of affairs of the charty at the end of Ihe year and of the Incoming and outgoing resources for the year ended. In preparing those fsnanci81 slalements, the trustees are required lo select suitable accounllng policies and then apply them consistently, maklng Judgements and estimates that are reasonable and prudent. The Trustees musl also prepare the financial slalements on the golng concern bas15 unless11 Is Inapproprlate to presume that the charity wlll contlnue Ils activities. The trustees arè r8sponslble for keeplng proper accountlng records. whlch dlsclose wllh reasonable accuracy at any lime the financlal position of the charity and enable thèm lo ensure that the financi815tat8ments comply with applicable law, regulations and the Trust Deed. They are also responsible for safeguarding the asset5 of the charity and hence for taklng rèasonable steps for the preventlon and dete￿IOn of fraud and other Irrégularltles. Thls report has been prepared in accordance wrth th8 Ststement of Recommended Practice-Accounting and Reportlng by Charlties. Approved by the trustees and signed on their behaw by Shah Muhommed Ana8- Chalrnian Mlan Mohamrned A8lam Date.. 30 June 2025 Date.. 30 June 2025 ToxhelpAccountonts Limlted Page 3 AL FALAH EDUCATIONAL TRUST Independent Examiner's Report Year ending 31 August 2024 I report to the trustees set out on page 2 on the examination of the financial statements of Al Falah Educational Trust for the year ended 31 August 2024. Respon8iblllties and basis of report AS Ihe charity's management committee you are responsible for the preparation of the financial statements,. you consider that an audit is not required for the year under Seclion 144{21 of the Charities Act 2011 (the 2011 Act) and that an independent examination is required. It is my responsibility to stste, on the basis of pro¢edure$ specified In the general directions given by the Charity Commissioners under section 4317)(b) of the Act, whether particular matters have come to my attention. Independent examiner's Statement I have completed my examination. I confirm that no matters have come to my attention In connectlon with the examination giving me cause to believe.. accounting records were not kept in respect of the charity as required by seclion 386 of the 2006 Act. or the financial ststements do not accord with those records., or the financial statements do not Comply with the accounting requirement8 of section 396 of the 2006 Act other than any requlrem8nt that the a¢¢ounts give a 'true and fair, view which Is not a matter considered as part of an independent examination., or the financial statements have not been prepared In accordance with the methods and principles of the Statement of Recommended Practice for 8c¢ounting and reporting by charities applicable to charities preparing their accourrt5 in accordance with th8 Financial Reporting Slandard applicable in the UK and Republic of Ireland {FRS 102). I have no con¢ems and have come across no other matters In connection wlth the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Muhammad Usman Ansarl MAAT Independent Examiner Taxhelp Accountants Lld 390-392 High Road Balfour Business Centre Ilford IG1 1BF 1•1.. 0203 633 IOQ6 Date 30 June 2025 Taxhelp Accountant5 Limited Page 4 AL FALAH EDUCATIONAL TRUST Statement of Financial Activities (including income and expenditure account) Year ending 31 August 2024 2024 2023 Unrestricted funds Total funds Total funds Income Tuition fee8 Donations Grants 223,210.00 57,925.00 223,210.00 57,925.00 247,715.00 36,450.00 2,334.00 Totsi income 281.135.00 281 136.00 286,499.00 Expenditures Wages and salaries Temporary staff and ￿CruItment Staff training Travel and subsistence Rent & Rates Light and heat Cleaning Telephone, Fax and Inlemet Books,Educational and Statlonery 8xp8nses Subscription Bank charges Insurance Equipment hire Repairs and maintenance Independent Examiner's Fees Accountancy fees Advert & Marketing Other legal and professional Sundry expense DepreGlatlon: Equipments, Fixtures and Fittings Total Expendlturo 238,857.00 238,667.00 243,231.00 650.00 596.00 25,200.00 3,780.00 1,365.00 912.00 4.320.00 696.00 650.00 596.00 25,200.00 3.780.00 1,366.00 912.00 4,320.00 696.00 600.00 476.00 24,265.00 3,531.00 1,168.00 945.00 6,834.00 680.00 592.00 2,207.00 1,654.00 2,844.00 1,728.00 1,258.00 1,796.00 1,728.00 1,268.00 1,796.00 2,000.00 55.00 580.00 185.00 2.000.00 65.00 680.00 185.00 2,000.00 31.00 600.00 224.00 4,240.00 (288,018.00) 4,240.00 (288,018.001 5,300.00 {296,181.00) Net Incoma and net movement in funds 6,883.00 6 883.00 9,682.00 Reconcllllatlon of funds Total funds brought forward 50,858.00 50,868.00 80.540.00 Total fund8 carried forward 43,975.00 43,975.00 50,858.00 The statement of financial activites includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. ruxhelp Accountunts Limited Page 5 AL FALAH EDUCATIONAL TRUST Statement of Financial Position Year ending 31 August 2024 Notes 2024 2023 Fixed Assets Tangible Fixed Assets 16,959.00 21,199.00 Current Assets Debtors Cash at Bank and in Hand 57,583.00 2,461.00 77,003.00 68,263.00 3,121.00 92,583.00 Creditors Amount falling within one year Amount falling more than one year 133,028.00) (41,725.001 Net Assets 43.975.00 50,858.00 Funds of the charity Unrestricted funds 43.975.00 50,858.00 Total charity funds 43,975.00 50,858.00 These financial statements (Page 5-81 were approved by the board of trustees and authorised for the issue on 30 June 2025 and are signed on behalf of the board by.. Shah Muhammed Anas- Chalrman Mian Mohammed Aslam Date.. 30 June 2025 Date: 30 June 2025 Taxhelp Accountonts Limited Pa8e 6 AL FALAH EDUCATIONAL TRUST Notes to the Financial Statements Year ending 31 August 2024 1. General information The charity is a public benefit entity registered in England and Wales. The address of the r8gister8d office is 48 Kenninghall Road, London, E5 8BY 2. Statement of compliance These financial statem8nts have been prepared in compliance with FRS 102. The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Slalement 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 1021 (Charities SORP IFRS 1021) and the Companies Act 2006. 3. Accounting policies Basls of preparatlon The financlal slalements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and Ilabililles and Investment properties measured at falr value through income or expenditure. Tha financial statements are prepared in sterling, which is the functional currency of the entity. Golng concern There are no material uncertalnties about the chartty's ablllty to continue. Judgements and key Sour¢￿ of 08tlmatlon uncortalnty Th8 preparatlon of the financlal slalements requlres management to make judgements, eslimales and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on 8xperience and other factors, including expectations of future events that are believed to be reasonable under the circumstanc8S. There have been no judgements {apart from those involving estimations) thal management has made in Ihe process of applying the entity's accounting policies and that have the most significant effect on the amounts recognised in the financial statement8. Fund accountlng Unrestrl¢ted funds are available for use at the discretlon of the trustees to further any of the charfty's purposes. Deslgnated funds are unre$trlcted lunds earmarked by the trustees for partlcular future project or commitment. Restricted funds are subjected to restri¢lion8 on their expenditure declared by the donor or through the temis of an appeal, and fall into one of two sub-classes.. restricted income funds or endowment funds. Taxhelp Accountonts Limited Page 7 AL FALAH EDUCATIONAL TRUST Notes to the Financial Statements (continued) Year ending 31 August 2024 3. Accounting policies (continued) Incoming resources All incoming resources are included in the statement of financial activrties when entitlement has pass8d to the charity,. il is probable that the economic benefits associated with the Iransaction will flow lo the chanty and the amount can be reliably measured. The following specific policies are applied to particular categories ot income: Income from tution fees, donations and grants are recognised when there 18 evidence of entitlement to the gift, re￿Ipt is probable and its amount Can be measured reliably. Income from tution fees, donations or grants are unrestricted funds unless specified from source and hence treated accordingly. legacy income is recognised when receipt is probable and entitlement is established. Income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is denved from the cost to the donor or the estimated resale value. Donated facilits'es and services are recognised in the accounts when received if the value Gan be reliably measured. No amounts are included for the contribution of general volunleers. Income from contracts for the supply of se￿ICeS is recognised wilh the delivery of the contracted seryice. This is classified as unrestricted funds unless there is a contractual requi￿rnent for it to be spent on a particular purpose and relurned if unspent, in which case it may be regarded as restricted. Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the ststemenl of financial activities to which it relates.. expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods. expenditure on charilable adivities includes all Gosts incurred by a ¢harity in undertaking activities that further its charitable aims for the benefit of its beneficiarie5, including those support costs and Costs relating io the governance of the chaflty apportioned to charitable activities. other expenditure includes all expenditure that is neither related lo raising funds for the charity nor part of its expenditure on charitable activities. All Costs are allocaled to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that aclivity. Shared costs are apportioned be￿en the activities they onlribute to on a reasonable, justifiable and consistent basis. Tanglble assets Fixed assets (excluding investments) are stated at cost less accumulated depreciation. The costs of minor additions or those costing below £2,000 are not capitalised. Taxhelp Accountonts Limited Page 8 AL FALAH EDUCATIONAL TRUST Notes to the Financial Statements (continued) Year ending 31 August 2024 3. Accounting policies (contlnued) Depreclation Depreciation is c81culated so as to write off the cost or valuation of an asset, less its residual value, over th8 useful economic life of that asset as follows.. Fixtures and Fittings- 20% Reducing balance method Computer Equipments - 200/0 Reducing balance m8thod Impairnient of flxed assets A review for indicators of impaimient is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amounl. the asset is impaired accordingly. Prior impaimients are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwll, the goodwill acquired in a business combination is, from the acquisition date, alloGated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units. Flnanclal Instruments A financial asset or a financial liability is recognised only when the Charity becomes a paty to the Gontractual provisions of the instrument. Basic financial instruments are Initially recognised at the amount re￿1vable or payable including any related transaction costs. Current assets and current liabilitl8s are subsequently measured at the cash or oth8r consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. Where investments in shares are publicly traded or their fair value can othetwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in incom8 and expenditure. All other such investment5 are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless paymenl for an asset is defeffed beyond nomial business terms or financed at a rale of interest that is not a market rate, in which case the assel is measured al the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Olher financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting dale. If there is objeclive evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised. TaxhelpAccountonts Limited Page 9 AL FALAH EDUCATIONAL TRUST Notes to the Financial Statements (continued) Year ending 31 August 2024 3. Accounting policies (continued) Financial instruments (contlnugd} For all equity instrumenls regardless of significance, and other financial assets that are individually significant, these are assessed individually for impaimient. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a Carrying amount of the financial assel that exceeds whal the carying amount would have been had the impairment not previously been recognised. 4. Tangible fixed assets Land, Lease & Bulldlngs Comput8r Equlpments Flxtures & Flttlngs Total Cost or valuatlon At cost At cost At cost At 1 September 2023 Additionsl(Disposal} At 31 August 2024 25.327.00 32,539.00 57,866.00 25,327.00 32,539.00 57,868.00 Depreciatlon At 1 September 2023 Charge for the year At 31 August 2024 13,508.40 23,158.60 36,667.00 2,363.72 15,872.12 1,876.08 4,239.80 25,034.68 40,906.80 Net book value At 31 August 2023 At 31 August 2024 11,818.60 9.380.40 21,199.00 9,454.88 7,504.32 16,959.00 5. Debtors . amount falling due wihtin one year 2024 2023 Trade debtors 57,583.00 68.263.00 57.583.00 68,283.00 6. Creditors . amount falllng due wihtin one year 2024 2023 PAYE liability Other creditors 2,769.00 30,259.00 33,028.00 3,824.00 37,901.00 41,725.00 Toxhelp Accountonts timited Page 10 AL FALAH EDUCATIONAL TRUST Notes to the Financial Statements (continued) Year ending 31 August 2024 7. Ststement of funds 2024 2023 Unrestricted funds At the start of the period Income during the pèriod expenditur8 during the period 50,858.00 281,135.00 (288,018.00) 60,540.00 286,499.00 (296,181.001 Total Unrestricted funds at the end of the period 43 975.00 50 858.00 Restricted funds At the start of the period Income during the period expenditure during the period Nil Nil Total Restricted funds at the end of the period Nil Taxhelp Accountonts Limited Page 11