REGISTERED CHARITY NUMBER.. 1117268 Re ort of the Trustees and Unaudited Financial Statements for the Year Ended 31 March 2023 Khidmah Academ Khidmah Academ Contents of the Financial Statements for the Year Ended 31 March 2023 Page ReferenTr and Administrative Details Report of the Trustees Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 6 to 10 Detailed Slalement of Financial Activities Khidmah Academ Reference and Administrative Details for the Year Ended 31 March 2023 TRUSTEES Shah Munim Trustee Jahangir Alam Trustee Moulvi L Rahman Trustee Muhammed G Kibria Trustee PRINCIPAL ADDRESS 47 Vicarage Lane London E154HG REGISTERED CHARITY NUMBER 1117268 INDEPENDENT EXAMINER Quilfords Limited Chartered Certified Accountants 113 Romford Road London E154LY Page 1 Khidrnah Academ Re ort of the Trustees for the Year Ended 31 March 2023 The trustees present their report with the financial statements of the charity for the year ended 31 March 2023 The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 20191. OBJECTIVES AND ACTIVITIES Objectives and aims The main objectives of the organisation are as follows.. 1. Providing cultural & religious actwities through evening & other classes 2. Providing other regular religious activities FINANCIAL REVIEW Funds in surplus The charity received donations and income tolalling £140,225 12022.. £192,477}. After payments of outgoing expenses tolalling £58,871 {2022. £58,097), the charity was left with a surplus of £81,354 12022. £134,380 } for the year. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing d¢xument The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity. Approved by order of the board of IrLfStees on 25 October 2023 and signed on its behalf by Shah Munirn - Trustee Page 2 Inde endenl Examiner's Re Khidmah Academ ort to the Trustees of Independent examiner's report to the trustees of Khidmah Academy I report lo the charity trustees on my examination of the accounts of Khidmah Academy Ilhe Trust} for the year ended 31 March 2023. Responsibillties and basis of report As the charity trustees of the Trust you are responsible for the preparation of the accounls in accordance with the requirements of the Charities Act 2011 I'the Act'l. I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 14515llbl of the Act. Independent examiner's statement I have completed my examination. I confirm that no material 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 Trust as required by section 130 of the Act., or the accounts do nol accord with those records,. or the accounts do not comply with the applicable requirements Con￿rning the form and content of accounts set out in the Charities IAc¢ounls 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 lo enable a proper understanding of the accounts to be reached. Askir Ali Quilfords Limited Chartered Certified Accountants 113 Romford Road London E154LY 25 October 2023 Page 3 Khidmah Academ Statement of Financial Activities for the Year Ended 31 March 2023 31.3.23 Unreslricled fund 31.3.22 Total funds Noles INCOME AND ENDOWMENTS FROM Donations and legacies 127,055 161,497 Other trading activities 13,170 10,980 Total 140,225 192,477 EXPENDITURE ON Raising funds 58,871 58,098 NET INCOME 81,354 134,379 RECONCILIATION OF FUNDS Totsl funds brought forward 299,981 165,602 TOTAL FUNDS CARRIED FORWARD 381 335 299,981 The notes form part of these financial statements Page 4 Khidmah Academ Balance Sheet 31 March 2023 31.3.23 Unrestricted fund 31.3.22 Total funds Notes FIXED ASSETS Tangible assets 467,161 468,183 CURRENT ASSETS Cash at bank and in hand 49.197 64,821 NET CURRENT ASs￿s 49,197 64,821 TOTAL ASSETS LESS CURRENT LIABILITIES 516,358 533,004 CREDITORS Amounts falling due after more than one year (135,023) 1233,0231 NET ASSETS 381,335 299,981 FUNDS Unrestricted funds 381,335 299,981 TOTAL FUNDS 381,335 299 981 The financial slatemenls were approved by the Board of Trustees and authorised for issue on 25 October 2023 and were signed on its behalf by Shah Munim- Trustee Moulvi L Rahrnan- Trustee The notes form part of these financial statements Page 5 Khidmah Academ Notes lo the Financial Stalements for the Year Ended 31 March 2023 ACCOUNTING POLICIES Basis of preparing the financial ststements The financial statements of the charily, which is a public benefit entity under FRS 102, have been prepared in accordance wilh the Charities SORP {FRS 1021 '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 IFRS 1021 (effective 1 January 20191,, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial statements have been prepared under the historical Cost convention. Income All income is recognised in the Statement of Financial Activities On￿ the charity has entitlement to the funds, il is probable that the income will be re￿iVed 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, il is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expendiluie is accounted for on an accruals basis and has been classified under headings that aggre9ale all cost related to the category. Vvhere costs cannot be directly attributed lo particular headings they have been allocated lo activities on a basis consistent with the use of resources. Tangible fixed assets Depreciation is provided at the following annual rates in order lo wrile off each asset over its eslimaled useful life. Taxation The charity is exempt from tax on ils charitable activities. Fund accounting Unrestricted funds can be used in accordan￿ 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 slalements. Page 6 continued... Khidmah Academ Notes tci the Financial Statements- continued for the Year Ended 31 March 2023 OTHER TRADING ACTIVITIES 31.3.23 31.3.22 Tuition fees Nikah 12,845 325 10,305 675 13,170 10,980 RAISING FUNDS Raising donations and legacles 31.3.23 31.3.22 Support costs 58,871 58.098 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneralion or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022. Trustees, expenses There were no Iruslees, expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricte fund INCOME AND ENDOWMENTS FROM Donations and legacies 181,497 Other trading activities 10,980 Total 192,477 EXPENDITURE ON Raising funds 58,098 NET INCOME 134,379 RECONCILIATION OF FUNDS Total funds brought fonNard 165,602 Page 7 continued... Khidmah Academ Notes to the Financial Statemenls- conlinued for the Year Ended 31 March 2023 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestricte fund TOTAL FUNDS CARRIED FORWARD 299,981 TANGIBLE FIXED ASSETS Fixtures and fittings Freehold property Totals COST At 1 April 2022 and 31 March 2023 466,139 5,110 471,249 DEPRECIATION At 1 April 2022 Charge for year 3,066 1,022 3,066 At 31 March 2023 4.088 4,088 NET BOOKVALUE At 31 March 2023 466,139 1,022 467,161 At 31 March 2022 466,139 2,044 488,183 CREDITORS.. AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 31.3.23 31.3.22 Cxher creditors 135,023 233,023 Page 8 continued... Khidmah Academy ## Notes to the Financial Statements - continued for the Year Ended 31 March 2023 ## **8. MOVEMENT IN FUNDS** |Net
movement
At 1.4.22
in funds
£
£
**Unrestricted funds**
General fund
299,981
81,354
**TOTAL FUNDS**
299,981
81,354
Net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
**Unrestricted funds**
General fund
140,225
(58,871)
**TOTAL FUNDS**
140,225
(58,871)
**Comparatives for movement in funds**
Net
movement
At 1.4.21
in funds
£
£
**Unrestricted funds**
General fund
165,602
134,379
**TOTAL FUNDS**
165,602
134,379
Comparative net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
**Unrestricted funds**
General fund
192,477
(58,098)
**TOTAL FUNDS**
192,477
(58,098)|At
31.3.23
£
381,335
381,335
Movement
in funds
£
81,354
81,354
At
31.3.22
£
299,981
299,981
Movement
in funds
£
134,379
134,379| |---|---| Page 9 continued... Khidmah Academy Notes to the Financial Statements - continued for the Year Ended 31 March 2023 ## **8. MOVEMENT IN FUNDS - continued** A current year 12 months and prior year 12 months combined position is as follows: |**Unrestricted funds**
General fund
**TOTAL FUNDS**|At 1.4.21
£
165,602
165,602|Net
movement
in funds
£
215,733
215,733|At
31.3.23
£
381,335| |---|---|---|---| ||||381,335| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
resources
£
332,702
332,702|Resources
expended
£
(116,969)
(116,969)|Movement
in funds
£
215,733
215,733| |---|---|---|---| ## **9. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31 March 2023. Page 10 Khidmah Academy ## Detailed Statement of Financial Activities for the Year Ended 31 March 2023 |**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
Job retention scheme grant
**Other trading activities**
Tuition fees
Nikah
**Total incoming resources**
**EXPENDITURE**
**Support costs**
**Management**
Wages
**Finance**
Bank charges
Card machine charges
**Other**
Rates
Light and heat
Telephone
Repairs and maintenance
Council tax
Subcontractor
Fixtures and fittings
Total resources expended
**Net income**|31.3.23
£
127,055
-
127,055
12,845
325
13,170
140,225
29,958
158
1,335
1,493
347
6,614
102
5,369
1,192
12,774
1,022
27,420
58,871
81,354|31.3.22
£
179,937
1,560
181,497
10,305
675
10,980
192,477
10,651
29
617
646
249
4,909
280
17,970
1,141
21,230
1,022
46,801
58,098
134,379| |---|---|---| This page does not form part of the statutory financial statements Page 11