Cardiff Muslim Primary School Ltd
Company No: 05166750
(Registered Charity no: 1106782)
Independent Examiner Report and Financial Statements
Year ended: 31 August 2023
Contents
|Legalandadministrative information|1|
|---|---|
|Reportofthe trustees|2-4|
|Reportoftheindependentexaminer|5|
|Statementoffinancial activities|6|
|Incomeandexpenditure account|7|
|Statement of Assets and Liabilities|8|
|Notesformingpartofthefinancial statements|9-11|
Company No:05166750
Charity No:1106782
Cardiff Muslim Primary School Ltd
Legal and administrative information during the year ended 31 August 2023
Executive Committee: Director, Chairperson Mr. Sajid Hussain Vice Chairperson Mr. Ibrahim Ahmed Director, Secretary& Education HR & Finance Mr. Ibrahim Ahmed Director- Maintenance Director- Education Lead Registered Office: Cardiff Muslim Primary School Ltd Merthyr Street Cathays CF24 6JL
Independent Examiners: Sivapalan & Co Chartered Certified Accountants 168 City Road Cardiff, CF24 3JE Bankers: HSBC Bank 56 Queen Street Cardiff CF10 2PX
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Company No:05166750
Charity No:1106782
Cardiff Muslim Primary School Ltd
Annual Report of the Management Committee for the Year to 31 August 2023
Cardiff Muslim Primary School Ltd is registered with the Charity Commission and has charitable status for taxation purposes.
## Structure, governance and management
The charity is constituted as a Limited Company and is governed according to its memorandum and articles of association. New trustees are appointed at the Annual General Meeting by way of election.
## Board of Trustees:
The Charity is administered by a management committee, comprising:
Director, Chairperson Mr. Sajid Hussain Vice Chairperson Mr. Ibrahim Ahmed Director, Secretary & Education Director - Maintenance Director - Education Lead HR & Finance Mr. Ibrahim Ahmed
Other relevant persons:
Head teacher Mr. Sakhawat Ali (Resigned on November 2022) Deputy Head teacher Mrs. Naeela Minhas
## Appointment of Trustees
The charity is constituted as a Limited Company and is governed according to its memorandum and articles of association.
Cardiff Muslim Primary School’s Policy for the appointment of new governor trustees is normally by means of elections at the Annual General Meetings.
All custodian trustees are appointed by the Board of Governors. The new governor trustees are normally provided with ‘Guidelines for Governors’ a manual of good practice and are required to confirm that they accept their responsibility as detailed by the charity commission recommendations in respect of charity trustees and the constitution of Cardiff Muslim Primary School Ltd.
## Organisational Structure
The Executive Committee currently consists of six Trustees, who, along with the Board of Governors, meet regularly to discuss and review the financial position, the fund raising strategy and all other charity matters, with all major decisions being made at these meetings. Day to day minor matters is delegated to the staff and volunteers.
## Objects and Activities
- The Charity’s objects are supported by the charity’s sole activity. The Objectives of the charity is to
- (i) advance the education of school age children in Cardiff, in the national curriculum subjects, through the establishment and maintenance of a primary school.
- (ii) advance the education of school age children in Cardiff, in the subject of Islamic Studies, through the establishment and maintenance of a primary school.
- (iii) advance the Islamic religion for the benefit of the public by providing prayer facilities for Muslim pupils and staff, by providing children with an accurate and progressive understanding of Islam, and by liaising with RE teachers in state schools to provide advice on the teaching of the Islamic faith.
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Company No:05166750
Charity No:1106782
Cardiff Muslim Primary School Ltd
## Achievements and Performance
For the 2022/23 academic year subject co-coordinators were appointed to ensure effective monitoring and evaluation of teaching and learning. The implementation of these systems has resulted in a great improvement in the KS2 children's learning as evident in the table below.
KS1 results were lower this year due to children with little or no English language. They were given additional support during lessons which has helped in bridging the gap in class.
|||Level|Subject|2020-21|2021-22|2022-23|
|---|---|---|---|---|---|---|
|Key
Stage
1||Level 2|English
Math’|65%
80%|95%
80%|84%
90%|
|||Level 3|English
Math’|30%
22%|30%
20%|32%
21%|
|Key
Stage
2||Level 4|English
Math’|47%
74%|75%
88%|95%
100%|
|||Level 5|English
Math’|60%
48%|20%
10%|41%
14%|
At the end of Key Stage 1 (Infants) the national expectations is for a Year 2 child to gain National Curriculum Level 2 in English and Math’s. This means that a child that gains NC Level 3 is working above the national expectation and is of above average ability and performance.
Similarly at the end of Key Stage 2 (Juniors) the national expectations is for a Year 6 child to gain NC Level 4 in English and Math’s. This means that a child that gains NC Level 5 is working above the national expectation and is of above average ability and performance.
The trustees congratulate all pupils and staff for working so hard to achieve these results.
## Internal Control and Risk Management.
The trustees have the responsibility for ensuring that the charity has in place an appropriate system of controls, financial and otherwise, to provide reasonable assurance that the charity is operating efficiently and effectively, its assets are safeguarded against unauthorized use or disposition, that proper records are maintained and financial information used within the charity or for publication is reliable and the charity complies with relevant laws and regulations.
The Trustees actively review on a regular basis the principal risks which the charity faces, notably the threat arising from any prolonged decline in voluntary income, and believe that the systems which have been established to enable the production of regular reports in all financial and operational areas will effectively mitigate these risks.
## Public Benefit Statement
In furtherance of the objectives of the Centre, the Trustees of Cardiff Muslim Primary School Ltd have complied with the duty in S17 of the Charities Act 2011 to have due regard to the Charity Commission’s published general and subsector guidance concerning the operation of the Public Benefit requirement under the Act.
## Financial review
At the end of the financial year 2022/2023, the balance sheet reserve is in surplus. It has been an extremely positive year for the school, as we have finally reached a healthy financial position. The increase in the number of pupils, higher fee income, and corporate hire all contributed to this success, alongside successful fundraising campaigns, generous donations, and careful management of overheads. The continued focus on improving the standard of the school and increasing pupil numbers should see the charity succeed further in the short to medium term.
I report on the accounts of the company for the year ended 31 August 2023, which are set out on pages 6 to 8.
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Company No:05166750
Charity No:1106782
Cardiff Muslim Primary School Ltd
Statement of Management committee’s Responsibilities
The accounts have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and the Charities Act 2011 and UK Generally Accepted Practice as it applies from 01 January 2015.
The accounts have been prepared to give a true and fair view of the state of affairs of the charity and of its financial activities for that period and have departed from the Charities (Accounts & Reports) Regulation 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) issued on 16 July 2014 rather the accounting and Reporting by Charities: Statement of Recommended Practice effective from 01 April 2005 which has since been withdrawn.
Charity Law requires the management committee to prepare a Profit and Loss account and statement of assets and liabilities for each year, which give a true and fair view of the state of affairs of the charity and of its financial activities for that period which properly present the charity’s income and expenditure for the year together with its assets and liabilities at the end of the year and adequately distinguish any material special trust or other restricted fund of the charity. In preparing those financial statements the m a n a g e m e n t committee is requires to:-
- a) Select Suitable policies and then apply them consistently;
- b) Make judgments and estimates that are reasonable and prudent;
- c) State whether the policies adopted are in accordance with the appropriate SORP on Accounting by charities and the Accounting Regulations and with applicable accounting Standards, Subject to any material departures disclosed and explained in the financial statements
The management committee is responsible for keeping proper accounting records which disclose with reasonable accuracy at any time, the financial position of the charity, and to enable them to ensure that the financial statements comply with regulations stipulated in the Charities Act 2011.They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the privation and detection of fraud or other irregularities.
Statement as to Disclosure of information to Independent Examiners
So far as the management committee is aware, there is no relevant information of which the charity’s Independent reviewers are unaware and each Trustee has taken steps that he ought to have taken as a Trustee in order to make himself aware of any relevant information and to establish that the charity’s Independent examiners are aware of that information.
A resolution proposing that Sivapalan & Co be re-appointed as Independent examiner of the charity will be put to the Annual General Meeting.
Mr. Sajid Hussain (Chairperson) Dated: For an on behalf of the Management Committee
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Company No:05166750
Charity No:1106782
Cardiff Muslim Primary School Ltd
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF CARDIFF MUSLIM PRIMARY SCHOOL LTD FOR THE YEAR ENDED 31 AUGUST 2023
I report on the accounts of the Trust for the year ended 31 August 2023, which are set out on pages 6 to 11
## Respective responsibilities of trustees and examiner
The charity’s trustees are responsible for the preparation of the accounts (financial Statement) in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdraw.
We understand that this has been done in order for the accounts to provide a true and fair view i accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
The charity’s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and, that an independent examination is needed. It is my responsibility to:
- examine the accounts under section 145 of the 2011 Act;
- follow the procedures laid down in the General Directions given by the Charity Commissioner under section 145(5)(b) of the 2011 Act; and
- state whether particular matters have come to my attention.
## Basis of independent examiner’s report
My examination was carried out in accordance with the General Directions given by the Charity Commissioner. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and the seeking of explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and, consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.
## Independent examiner’s statement
In connection with my examination, no matter has come to my attention:
- Which gives me reasonable cause to believe that, in any material respect, the requirements
- (a) To keep accounting records in accordance with section 130 of the 2011 Act; and
- (b) To prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act have not been met; or
- To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Mr. R Sivapalan Date: Sivapalan & Co Chartered Certified Accountants
168 City Road Cardiff CF24 3JE
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Company No:05166750
Charity No:1106782
Cardiff Muslim Primary School Ltd
Statement of Financial Activities for the year ended 31 August 2023.
|**Notes**
**Incoming Resources**
Tuition Fees
Grants
Donation
Gift Aid
Other (School bags/Uncat/Room
Hire/Fundraising)
Reimbursement
Total Income
**Resources Expensed**
**Education**
Material
Training
Pension
Net wages & Salaries
PAYE & NI
Temporary Staff and CRB
**Building Costs**
Insurance
Waste
Rent & Rates
Repairs & Maintenance
Light & Heat
Depreciation
Cleaning
Water
**Administrative Expenses**
Telephone
Photocopier
Marketing
Stationary
Sundries (Misc. & Rec Dis & Uncat Ext)
Computer Software & Hardware
Accountancy & Other Legal Services
Advertising & Promotion
**Finance Costs**
Interest Charges
Bank Charges
**Other**
Travel & Trips (Travel & Subs & Trips)
**Total Expenditure**
Net income / (expenditure)
Total Funds at 1 September 22
**Total Funds at 31 August 23**|**Unrestricted**
**Funds**
**£**
347,558
122,331
32,026
9,671
511,586
19,257
555
1,897
237,932
3,377
24,797
4,120
11,230
37,753
6,420
4,693
2,082
1,035
6,473
260
27,704
11,979
1,800
1,714
855
4,924
**(410,857)**
100,729
257,355
**358,084**|**Restricted**
**Total**
**Funds**
**Funds**
**£**
**£**
-
347,558
-
122,331
-
32,026
-
9,671
-
511,586
-
19,257
-
555
-
1,897
-
237,932
-
3,377
-
24,797
-
4,120
-
11,230
-
37,753
-
6,420
-
4,693
-
2,082
-
1,035
-
6,473
-
260
-
27,704
-
11,979
-
1,800
-
1,714
-
855
-
4,924
**-**
**(410,857)**
-
100,729
-
257,355
**-**
**358,084**
**2023**|**2022**
**Total**
**Funds**
**£**
308,499
14,529
12,824
6,520|
|---|---|---|---|
||||342,372
12,632
187
1,353
225,034
3,050
20,555
3,554
3,462
8,487
7,585
7,924
1,302
856
5,841
-
11,119
9,316
11,880
-
2,127
2,896|
||||**(339,160)**|
||||3,212
254,143|
||||**257,355**|
~~All of the above results are derived from continuing activities.~~
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Company No:05166750
Charity No:1106782
Cardiff Muslim Primary School Ltd
## Income and Expenditure account for the year ended 31 August 2023
|Notes
Income
Charitable activities
Fundraising
Other
Reimbursement
Grants
Expenditure
Education
Building Costs
Administration Expenses
Finance Costs
Other
NetSurplus/(Deficit)FortheYear|2023
£
(287,815)
(66,298)
(50,965)
(855)
(4,924)|
£
347,558
26,980
127,377
9,671
-
511,586
(410,857)
100,729|2022
££
308,499
22,442
11,431
-
342,372
(262,811)
(32,314)
(39,012)
(2,127)
(2,896)
(339,160)
3,212|2022
££
308,499
22,442
11,431
-
342,372
(262,811)
(32,314)
(39,012)
(2,127)
(2,896)
(339,160)
3,212|
|---|---|---|---|---|
|||||342,372
(339,160)
3,212|
||||||
7 | P a g e
Company No:05166750
Cardiff Muslim Primary School Ltd
## Charity No:1106782
Statement of Assets and Liabilities as at 31 August 2023
|||2023|2022|
|---|---|---|---|
||Notes|£|£|
|Fixedassets||||
|Tangibles assets|2|3,510|8,203|
|Currentassets||||
|Debtors|3|55,204|33,462|
|Cash at Bank andin hand||321,348|230,778|
|||376,552|264,240|
|Creditors:amountsfalling due within one|4|(21,978)|(15,088)|
|year||||
|NetCurrent Assets||354,574|249,152|
|Totalassets less Current liabilities||358,084|257,355|
|Creditors:amountsfalling dueafterone||-|-|
|year||||
|Net Assets||358,084|257,355|
|Funds:||||
|Unrestricted Funds||358,084|257,355|
|Restricted Funds||-|-|
|TotalFunds||358,084|257,355|
|Trustees’ Declaration||||
These accounts have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity’s governing document, the Charities Act 2011, and 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 (FRS102) published on 16 July 2014 and notes form part of these financial statements.
We approved these accounts and confirm that we made available all relevant records and information for their preparation.
For the financial year in question the charity was entitled to exemption under section 477 of the Companies Act 2006 relating to smaller entities (effective January 2015). No members have required the charity to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006.
The Management acknowledges their responsibility for complying with the requirements of the act with respect to accounting records and for the preparation of accounts.
- Directors' Responsibilities:
- the members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476, the directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
- these accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
The financial statements were approved by the Board of Trustees on 19 July 2024 and signed on its behalf by
Date:
Mr. Sajid Hussain (Chairperson)
Mr. Ibrahim Ahmed (Vice Chairperson)
> Date: 26/07/2024
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Company No:05166750
Charity No:1106782
Cardiff Muslim Primary School Ltd
Notes to the Financial Statements for the year ended 31 August 2023
## 1) Accounting policies
## (a) Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with the charities statement of Recommended Practice (SORP) FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) , reporting requirement of the companies Act 2006 and the charities Act 2011 as it apply from 1 January 2015.
## (b) Incoming resources
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income, the trustees are virtually certain they will receive the resources and the amount can be quantified with sufficient reliability.
## (c) Resources expended
All expenditure is accounted for on an accrual basis, and has been classified under headings that aggregate all costs related to the category.
## (d) Fund accounting
Unrestricted General funds are funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Unrestricted Designated Funds are funds set aside by the trustees out of unrestricted general funds for specific future purpose or projects.
Restricted Funds are funds that can only be used for particular restricted purposes with in the objects of the charity. Restrictions arise when specified by the donor, or when funds are raised for particular restricted purposes.
## (e) Tangible fixed assets and depreciation
Depreciation is calculated to write off cost or valuation, less estimated residual value, of the tangible fixed assets over their estimated useful lives. The annual depreciation rates and methods are as follows
2023 2022 Computer Equipment 33% Straight Line 33% Straight Line Fixtures and Fittings 20% Reducing Balance 20% Reducing Balance
## (f) Taxation
The charity is exempt from tax on income and gains falling within S478 of the Taxes Act 2010 or S256 of the Taxation of chargeable Gains Act 1992 to the extent that these are applied to its charitable objects, No tax Charges have arisen in the charity.
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Company No:05166750
Charity No:1106782
Cardiff Muslim Primary School Ltd
Notes to the Financial Statements for the year ended 31 August 2023(Continued
## 2) Tangible fixed assets
|COST
At 1September2022
Additions
DEPRECIATION
At 1September2022
ChargeforYear
NET BOOK VALUE
At 31August2023
At 31August2022
3) Debtors
Amountsdue within one year:
Tuition Fees
OtherDebtors
4)Creditors: amounts falling due within on
TradeCreditors
Taxationandsocial security
Accrualsand Deferred income|Computer
Equipment
£
25,494
25,494
21,679
3,815
25,484
0
3,815
eyear|
|Fixtureand
Fittings
£
26,943
-
26,943
22,555
878
23,433
3,510
4,388
2023
£
46,104
9,100
_
55,204
2023
£
20,286
1,117
575
21,978|
||Total
£
52,437|
|---|---|---|---|---|---|---|
|||||||52,437|
|||||||44,234
4,693
_|
|||||||48,927|
||
eyear||
||
|3,510
8,203
2022
£
24,162
9,300
33,462|
||||||||
|||||||2022
£
5,761
1,117
8,210
15,088|
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Company No:05166750
Charity No:1106782
Cardiff Muslim Primary School Ltd
Notes to the Financial Statements for the year ended 31 August 2023(Continued)
- 5) Creditors: amounts falling due after one year
2023 2022 £ £ Bank Loan - - - -
## 6) Trustees' remuneration and benefits
There were no trustees' remuneration or other benefits for the year ended 31 August 2023 nor for the year ended 31 August 2022
## Trustees’ Expenses
No Trustee were re-imbrued amount for any expenses defrayed during the year ended 31 August 2023
## 7) Analysis of Funds
|Total unrestricted funds
Totalrestricted funds
Total Funds|Asat01
September
2022
£
257,355
-
257,355|Incoming
Resources
£
511,586
-
511,586|Resources
Expended
£
(410,857)
-
(410,857)|Asat31
August
2023
£
358,084
-|
|---|---|---|---|---|
|||||358,084|
- 8) Net assets between funds
|Generalreserve
TotalUnrestricted funds
Restricted funds
Total funds|Asat01
September
2022
£
257,355
257,355
-
257,355|Increase/
(Decrease)
Total
Assets
£
107,619
107,619
-
107,619|(Increase)/
Decrease
Net
Liabilities
£
(6,890)
(6,890)
-
(6,890)|Asat31
August
2023
£
358,084|
|---|---|---|---|---|
|||||358,084
-|
|||||358,084|
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