Charity number: 1102900
Al-Markazul-Ilmi
Report of the Trustees and Unaudited Financial Statements
For the year ended 31 August 2022
Al-Markazul-Ilmi Contents Page For the year ended 31 August 2022
| 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 |
Al-Markazul-Ilmi Report of the Trustees
For the year ended 31 August 2022
The Trustees have pleasure in presenting their report and the financial statements for the charity for the year ended 31 August 2022. 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 charity primarily runs a Level 3 Islamic Theology course for girls. This is a 7 year part time course which takes place during the evening hours. The Charity's objectives are to establish and operate an institution for the advancement of education in both secular and religious faith.
The charity aims to give its students the opportunity to reach their full potential in their academic, spiritual, moral and social development.
Moreover, the charity seeks to prepare students for the 21st century, through religious faith, by raising their awareness to the different cultures around us and how we can live as a cohesive community in a plural society by accepting and respecting diversity and by being tolerant to others in accordance with British values. This is achieved by actively promoting attitudes such as respect for rule of law, individual liberties, democracy and mutual respect for different faiths and beliefs and for those without faith; all of which constitute core British values.
In addition, the charity seeks to empower students and provide them with a strong religious and British identity where they feel confident of both their religious and British identity.
There were appoximately 195 non-residential students and no volunteers in the financial year.
ACHIEVEMENTS AND PERFORMANCE
The trustees have now moved towards a fee based system although they have substantially increased the amount of fundraising they do.
The instituion is proud to be able to maintain a good balance between high achievement and a spirit of service and devotion, thus providing an ideal environment for pupils to grow in and experience a vast array of social and academic skills in a safe and respectful manner.
The trustees are also pleased to inform that the property purchased adjacent to the school has more or less been refurbished which will enhance the facilities at the school.
The charity as a future requirement looking to provide 16 educational courses. The details behind this is still being worked on.
FINANCIAL REVIEW
The school's principal funding is through fees now and the income has increased from £81,883 to £96,603 an increase of £14,720 principally due to increase number of student intake.
The rental income from one of the charity property has increased marginally in the year.
There is more active charity fundraising to meet expenses for the charity which has increased substantially due to more staff recruitment to meet the increase in student intake not to mention to cover the substantial market increases of gas/electricity costs which has affected everyone in the UK. The charity is also now having to make additional rates payments to the council for properties held and a one-off substantial professional fee payment. In total the amount of expenses in the year was £168,189 compared to last years of £101,659 an increase of £66,530.
The charity has made a net deficit of £20,266 compared to prior year surplus of £5,604.
Reserves
It is policy of the Charity to maintain unrestricted funds at a level which equates to approximately 12 months' regular expenditure. This ensures there are always sufficient funds to cover costs.
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Al-Markazul-Ilmi Report of the Trustees Continued For the year ended 31 August 2022
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Location and history
The charity was registered with the charity commission on 26th March 2004. It is governed by a Trust deed.
Bath Street in Dewsbury is in the Yorkshire and The Humber region of England. The postcode is within the Dewsbury East ward/electoral division, which is in the constituency of Dewsbury.
Dewsbury is a minster town within the Metropolitan Borough of Kirklees, in West Yorkshire, England. It lies on the River Calder and an arm of the Calder and Hebble Navigation waterway. It is to the west of Wakefield, east of Huddersfield and south of Leeds.
Historically a part of the West Riding of Yorkshire, after undergoing a period of major growth in the 19th century as a mill town, Dewsbury went through a period of decline. Dewsbury forms part of the Heavy Woollen District of which it is the largest town.
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 regular meeting, the trustees agree the area of activity for the trust, as well as reviewing policies, securing accountability, and measuring performance.
Risk Assessment
The trustees continue to monitor and review major risks which the charity is exposed to and where necessary control and implement systems and procedures to manage those risks.
Recruitment and appointment of trustees
Appointment of trustees
The trust deed, provides for at least three trustees. The Principal, if not otherwise a trustee, is an additional trustee ex-officio. The appointment of trustees is vested in the continuing trustees (excluding any retiring trustees).
The appointment of teachers, 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.
Induction and training of new trustees
There are informal procedures for induction and training of new trustees. Trustees are also encouraged to attend external briefings and training courses.
REFERENCE AND ADMINISTRATIVE INFORMATION
Name of Charity Al-Markazul-Ilmi Charity registration number 1102900 Principal address Bath Street Dewsbury West Yorkshire WF13 2JR
Trustees
The trustees and officers serving during the year and since the year end were as follows:
Independent examiners
Mr Ayub Kayat Mr Hussain Gora Mr Ismail Mohammed Saeed Raja Mr Mohammed Yusuf Hassan Bham Mr Shabbir Ahmed Yusuf Patel Salim Hajee 251 Derby Street Bolton BL3 6LA
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Al-Markazul-Ilmi Report of the Trustees Continued For the year ended 31 August 2022
Bankers
National Westminster Bank Plc 1 Victoria Place Holbeck LS11 5AN
Approved by the Board of Trustees and signed on its behalf by
............................................................................. 15 June 2023 Mr Hussain Gora
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Al-Markazul-Ilmi
Independent Examiners Report to the Trustees
For the year ended 31 August 2022
I report to the trustees on my examination of the accounts of the charity for the year ended 31 August 2022.
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
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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
15 June 2023
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Al-Markazul-Ilmi
Statement of Financial Activities
For the year ended 31 August 2022
| Notes Income and endowments from: Donations and legacies 2 Other income 3 Total Expenditure on: Raising funds 4 Charitable activities 5/6 Total Net income/expenditure Reconciliation of funds Total funds brought forward Total funds carried forward |
Unrestricted funds £ 132,022 15,900 147,922 (118,251) (49,938) (168,189) (20,267) 254,423 234,156 |
2021 £ 91,664 15,600 |
|---|---|---|
| 107,264 | ||
| (88,312) (13,347) |
||
| (101,659) | ||
| 5,605 248,818 |
||
| 254,423 |
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Al-Markazul-Ilmi
Statement of Financial Position As at 31 August 2022
| 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 Creditors: amounts falling due after more than one year 14 Net assets The funds of the charity Unrestricted income funds 15 Total funds |
£ 2022 293,502 293,502 995 5,006 6,001 (6,347) (346) 293,156 (59,000) 234,156 234,156 234,156 |
£ 2021 304,013 |
|---|---|---|
| 304,013 | ||
| 2,004 12,909 |
||
| 14,913 | ||
| (3,503) 11,410 |
||
| 315,423 | ||
| (61,000) | ||
| 254,423 | ||
| 254,423 | ||
| 254,423 |
The financial statements were approved and authorised for issue by the Board and signed on its behalf by:
Mr Hussain Gora Trustee 15 June 2023
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Al-Markazul-Ilmi Notes to the Financial Statements
For the year ended 31 August 2022
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.
Al-Markazul-Ilmi 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:
Land and buildings
2% (Buildings Only) Reducing balance
2. Income from donations and legacies
| Unrestricted funds Donations received Grants received ther income Unrestricted funds Rental Income xpenditure on generating donations and legacies Unrestricted funds Donations |
2022 £ 132,022 - 132,022 2022 £ 15,900 15,900 2022 £ 118,251 118,251 |
2021 £ 85,692 5,972 |
|---|---|---|
| 91,664 | ||
| 2021 £ 15,600 |
||
| 15,600 | ||
| 2021 £ 88,312 |
||
| 88,312 |
3. Other income
4. Expenditure on generating donations and legacies
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Al-Markazul-Ilmi Notes to the Financial Statements Continued
For the year ended 31 August 2022
5. Costs of charitable activities by fund type
| Unrestricted funds Support costs osts of charitable activities by activity type Support costs Activity 1 nalysis of support costs Activity 1 Finance Postage and stationery Governance costs |
2022 £ 49,938 2022 £ 49,938 2022 £ 28,181 194 21,563 49,938 |
2021 £ 13,347 2021 £ 13,347 2021 £ 13,292 55 - |
|---|---|---|
| 13,347 |
6. Costs of charitable activities by activity type
7. Analysis of support costs
8. Net income/(expenditure) for the year
This is stated after charging/(crediting):
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Depreciation of owned fixed assets | 10,511 | 5,987 |
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Al-Markazul-Ilmi Notes to the Financial Statements Continued
For the year ended 31 August 2022
9. Staff costs
Total staff costs for the year ended 31 August 2022 were:
| Salaries and wages Social security costs Staff Employees |
2022 £ 107,631 109 107,740 2022 26 26 |
2021 £ 82,325 - |
|---|---|---|
| 82,325 | ||
| 2021 22 |
||
| 22 |
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 September 2021 At 31 August 2022 Depreciation At 01 September 2021 Charge for year At 31 August 2022 Net book values At 31 August 2022 At 31 August 2021 |
Land and buildings £ 323,407 323,407 33,266 5,803 39,069 284,338 290,141 |
Fixtures and fittings £ 23,542 23,542 9,670 4,708 14,378 9,164 13,872 |
Total £ 346,949 |
|---|---|---|---|
| 346,949 | |||
| 42,936 10,511 |
|||
| 53,447 | |||
| 293,502 | |||
| 304,013 |
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Al-Markazul-Ilmi Notes to the Financial Statements Continued
For the year ended 31 August 2022
12. Debtors
| Amounts due within one year: Trade debtors Prepayments and accrued income 13. Creditors: amounts falling due within one year Other creditors Accruals and deferred income 14. Creditors: amounts falling due after more than one year Other creditors 15. Movement in funds Unrestricted Funds General General Unrestricted Funds - Previous year General General |
Balance at 01/09/2021 £ 254,423 254,423 Balance at 01/09/2020 £ 248,818 248,818 |
Incoming resources £ 147,922 147,922 Incoming resources £ 107,264 107,264 |
2022 £ - 995 995 2022 £ 6,347 - 6,347 2022 £ 59,000 59,000 Outgoing resources £ (168,189) (168,189) Outgoing resources £ (101,659) (101,659) |
2021 £ 583 1,421 |
|---|---|---|---|---|
| 2,004 | ||||
| 2021 £ 3,489 14 |
||||
| 3,503 | ||||
| 2021 £ 61,000 |
||||
| 61,000 | ||||
| Balance at 31/08/2022 £ 234,156 |
||||
| 234,156 | ||||
| Balance at 31/08/2021 £ 254,423 |
||||
| 254,423 |
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Al-Markazul-Ilmi Notes to the Financial Statements Continued
For the year ended 31 August 2022
Purpose of unrestricted Funds
General
The trustees are free to use unrestricted funds in accordance with charitable objectives.
16. Analysis of net assets between funds
| Unrestricted funds General General Previous year Unrestricted funds General General |
Tangible fixed assets Net current assets / (liabilities) Creditors > one year Net Assets £ £ £ £ 293,502 (346) (59,000) 234,156 |
|---|---|
| 293,502 (346) (59,000) 234,156 |
|
| Tangible fixed assets Net current assets / (liabilities) Creditors > one year Net Assets £ £ £ £ 304,013 11,410 (61,000) 254,423 |
|
| 304,013 11,410 (61,000) 254,423 |
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Al-Markazul-Ilmi Detailed Statement of Financial Activities For the year ended 31 August 2022
| INCOME AND ENDOWMENT Donations and legacies Donations Fees Grants receivable Other income Rental Income Total incoming resources EXPENDITURE Raising donations and legacies Staff costs - wages & salaries Staff costs - social security costs Depreciation - owned assets SUPPORT COSTS Finance Rates including water rates Light and heat Repairs and maintenance Insurance Postage and stationery Postage and stationery Governance costs Legal fees Total resources expended Net Expenditure |
£ 2022 35,418 96,604 - 132,022 15,900 15,900 147,922 (107,631) (109) (10,511) (118,251) (8,525) (16,916) (305) (2,435) (28,181) (194) (194) (21,563) (21,563) (168,189) (20,267) |
£ 2021 3,808 81,884 5,972 |
|---|---|---|
| 91,664 15,600 |
||
| 15,600 | ||
| 107,264 (82,325) - (5,987) |
||
| (88,312) (3,882) (6,316) (990) (2,104) |
||
| (13,292) (55) |
||
| (55) - |
||
| - | ||
| (101,659) | ||
| 5,605 |
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This page does not form part of the statutory financial statements