2024-08-29-accounts - Ebrahim Community College

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REGISTERED COMPANY NUMBER: 04740215 (England and Wales) REGISTERED CHARITY NUMBER: 1108141

~~Report of the Trustees and~~

~~Unaudited Financial Statements for the Year Ended 29 August 2024~~

~~for~~

~~Ebrahim Community College~~

Contents of the Financial Statements

~~for the Year Ended 29 August 2024~~

Page

Reference and Administrative Details

Report of the Trustees Independent Examiner's Report

Statement of Financial Activities

Statement of Financial Position

Statement of Cash Flows Notes to the Statement of Cash Flows Notes to the Financial Statements

Detailed Statement of Financial Activities

1 2 to 5 6 to 7 8

9 to 10

13 to 19

20 to 21

~~Ebrahim Community College~~

Reference and Administrative Details

~~for the Year Ended 29 August 2024~~

TRUSTEES

M S Uddin Chair

M M Uddin Trustee Amjadur Rahman Trustee

COMPANY SECRETARY

MM Uddin

REGISTERED OFFICE

399-401 High Street Stratford London E15 4QZ

REGISTERED COMPANY 04740215 (England and Wales) NUMBER

REGISTERED CHARITY 1108141 NUMBER

INDEPENDENT EXAMINER Quilfords Limited Chartered Certified Accountants 113 Romford Road London E15 4LY

Page 1

~~Ebrahim Community College~~

~~Report of the Trustees for the Year Ended 29 August 2024~~

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 29 August 2024. 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 Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES Objectives and aims Ebrahim Community College (EC) is a charitable company and is a leading provider of Traditional Islamic Sciences and Arabic language as well as providing a wide range of valuable community services.

EC aims and objectives are: - 1) To advance education, including education in the Islamic religion and such other courses for the benefit of the community as the trustees shall think fit.

2) To promote such other charitable purposes as may from time to time be determined.

STRATEGIC REPORT Funds in deficit The charity received income of £417,993 (2023: £447,181 ) during the year. After outgoing expenses of £405,635(2023: £327,919), the charity was left with a surplus of £12,358 (Surplus 2023: £119,261) for the year.

Page 2

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Ebrahim Community College
Report of the Trustees
for the Year Ended 29 August 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
In April 2003 EC became a company limited by guarantee (number 4740215) governed by its
Memorandum and Articles and registered as a charity on 17th February 2005. The overall management
of finance is the responsibility of all the Directors/Trustees acting on the recommendations of the
College Director and the senior management team. The Trustees and Management Committee meet
regularly.
Public Benefit
The Trustees confirm that they have complied with their duty under the Charities Act 2011 to have due
regard to the Charity Commission's general guidance on public benefit.
Risk management
The trustees have a risk management strategy which comprises:
- An annual review of the principal risks and uncertainties that the charity undertakes;
- The establishment of policies, systems and procedures to mitigate those risks identified in the
annual review; and
- The implementation of procedures designed to minimise or manage any potential impact on the
charity should those risks materialise.
The Trustees constantly review risks relevant to the charity. Any risks identified are reported to the
Trustees and decisions made on how to minimise risk. This year the charity has reviewed the main risk
to its viability and operations due to the Covid 19 Pandemic.
The main risks considered this year are;
Qard Hasana (Interest Free) Loans
The outstanding loan book and debts of Ebrahim College are the main concern for the College as a
going concern and its long-term viability. The trustees working on a long term strategy over the next ten
years to repay all outstanding Qard Hasana Loans (currently around £1.16 million). The trustees have
written to creditors who have requested urgent repayment of their loans. A verification process is being
carried out to confirm all existing loans and to effectively manage communication and repayments with
the lenders.
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Ebrahim Community College
Report of the Trustees
for the Year Ended 29 August 2024
The trustees have started raising money specifically for repayment of loans and havea target of
raising around £50,000.00 this year. So far more than 50% of this target has been raised and a
repayment plan has been set in place for some of the urgent loan repayment requests. Over the next
3 years a total of £200,000.00 is planned to be repaid subject to the trustees raising the target funds.
No new loans will be taken on for operational shortfalls or other expenditure. This will start bringing
the loan balance over the next few years.
Achievements and performance
EC has achieved its aims and objectives and targets set for this year. Projects which have been
running are;
Arabic Intensive and Alimiyah Programmes - there were over one hundred and thirty students on the
specialised programmes.
The Dawrah programme has been postponed until the 2026-27 academic year due to no student
intake.
Flexible Learning - There were over twelve hundred students studying the part time short courses.
Future plans
The qard hasana loans will be managed through a new system and the trustees will work with existing
donors to increase the amount of loans that will be repaid.
Statement of Trustees’ and Directors' Responsibilities
The charity trustees (who are also the directors of Ebrahim Community College for the purposes of
company law) are responsible for preparing a trustees’ annual report and financial statements in
accordance with applicable law and United Kingdom Accounting Standards (United Kingdom
Generally Accepted Accounting Practice).
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Ebrahim Community College

Report of the Trustees for the Year Ended 29 August 2024

Company law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and the group and of the incoming resources and application of resources, including the income and expenditure, of the charitable group for that period. In preparing the financial statements, the trustees are required to:

Select suitable accounting policies and then apply them consistently;
Observe the methods and principles in the Charities SORP;
Make judgements and estimates that are reasonable and prudent;
State whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping proper accounting records that 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 the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and the group and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 8May 2025 and signed on the board's behalf by:

M S Uddin - Trustee

Page 5

~~Independent Examiner's Report to the Trustees of Ebrahim Community College~~

Independent examiner's report to the trustees of Ebrahim Community College (‘the Company’) | report to the charity trustees on my examination of the accounts of the Company for the year ended 29 August 2024.

Responsibilities and basis of report As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’). 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, | report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination | have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Page 6

~~Independent Examiner's Report to the Trustees of Ebrahim Community College~~

Independent examiner's statement Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. | can confirm that | am qualified to undertake the examination because | am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.

| have completed my examination. | confirm that no matters have come to my attention in connection with the examination giving me cause to believe: 1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 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 Republic of Ireland (FRS 102)). | 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.

Askir Ali Quilfords Limited Chartered Certified Accountants 113 Romford Road London E15 4LY

Date? oo... cccccccccccceeeeeeeceeeeeeeeaeaaeaees

Page 7

-	126,147	109,145
-	291,811	338,035
-	35	-
-	417,993	447,180
-	405,635	327,921
-	12,358	119,259
-	(1,181,843)	(1,301,102)
-	(1,169,485)	(1,181,843)

CURRENT ASSETS Cashatbankandinhand
Cash at bank and in hand		58,999	80,881
CREDITORS
Amounts falling due within one year	9	(102,655)	(93,696)
NETCURRENT ASSETS/(LIABILITIES)		(43,656)	(12,815)
TOTALASSETS LESS CURRENT
LIABILITIES		(43,656)	(12,815)
CREDITORS
Amounts falling due after more than one
year	10	(1,125,829)	(1,169,028)
NETASSETS/(LIABILITIES)		(1,169,485)	(1,181,843)
FUNDS	13
Unrestricted funds		(1,169,485)	(1,181,843)
TOTAL FUNDS		(1,169,485)	(1,181,843)

Statement of Financial Position - continued

~~Ebrahim Community College~~

~~29 August 2024~~

The financial statements were approved by the Board of Trustees and authorised for issue on eeeteeettetreeeesssstsseeseessstssseeeeee and Were Signed on its behalf by:

M S Uddin - Trustee

The notes form part of these financial statements

Page 10

21,317	71,747
21,317	71,747
~~(43,199)~~	~~(52,779)~~
(43,199)	(52,779)

(21,882)	18,968
60,881	41,913
38,999	60,881

12,358	119,259
8,959	(47,512)
21,317	71,747

29.8.24	29.8.23
£	£
5,449	7,308
53,550	73,573
(20,000)	(20,000)
38,999	60,881

~~Ebrahim Community College~~

Notes to the Financial Statements

~~for the Year Ended 29 August 2024~~

ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared 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' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Taxation The charity is exempt from corporation tax on its charitable activities.

Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Page 13

continued...

	29.8.24 £		29.8.23 £
	104,770		98,018
	21,377		-
	-		11,127
	126,147		109,145
	29.8.24		29.8.23
	£		£
	291,811		338,035
			~~—_—~~
	29.8.24		29.8.23
	£		£
	405,635		327,921
		Administration	Administration
Management	Finance		expenses
£	£		£
327,048	35		63,820
	Governance
Other 3	costs		Totals
£	£		£
12,732	2,000		405,635

	109,145	-	109,145
	338,035	-	338,035
	447,180	-	447,180
	327,921	-	327,921
	119,259	-	119,259
(1,301,102)		-	(1,301,102)

(1,181,843)		(1,181,843)
ONE YEAR
	29.8.24	29.8.23
	£	£
	20,000	20,000
	50,000	50,000
	30,655	21,696
	2,000	2,000
	102,655	93,696
MORE THAN ONE	YEAR
	29.8.24	29.8.23
	£	£
	44,742	44,742
1,081,087		1,124,286

20,000	20,000
44,742	44,742
1,081,087	1,124,286

Restricted fund £	29.8.24 Total funds £	29.8.23 Total funds £
-	58,999	80,881
-	(102,655)	(93,696)
-	(1,125,829)	(1,169,028)
~~-~~	~~(1,169,485)~~	~~(1,181,843)~~
	Net
At	movement	At
30.8.23	in funds	29.8.24
£	£	£
(1,181,843)	12,358	(1,169,485)
(1,181,843)	12,358	(1,169,485)
follows:
Incoming	Resources	Movement
resources	expended	in funds
£	£	£
417,993	(405,635)	12,358
417,993	(405,635)	12,358

(1,301,102)	119,259	(1,181,843)
(1,301,102)	119,259	(1,181,843)

447,180	(327,921)	119,259
447,180	(327,921)	119,259

(1,301,102)	131,617	(1,169,485)
(1,301,102)	131,617	(1,169,485)

865,173	(733,556)	131,617
865,173	(733,556)	131,617

~~Ebrahim Community College~~

Notes to the Financial Statements - continued

~~for the Year Ended 29 August 2024~~

RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 29 August 2024.

Page 19

104,770	98,018
21,377	-
-	11,127
126,147	109,145
291,811	338,035
35	-
417,993	447,180
302,816	220,922
561	537
824	239
2,397	743
1,580	2,660
18,870	9,178
327,048	234,279
35	5,596
3,604	5,791
3,749	17,159
2,998	9,207
1,884	984
47,730	28,567
59,965	61,708

59,965	61,708
61	63
179	-
1,895	14,688
1,661	1,339
-	6,393
59	-
63,820	84,191
6,253	-
6,119	-
360	-
12,732	-
2,000	2,000
-	1,855 ~~__~~
2,000	3,855
405,635	327,921
12,358	119,259