Accounts BURY PARK EDUCATIONAL INSTITUTE Reports and Accounts For the Year Ended 31 August 2024 Charity number 1118199
BURY PARK EDUCATIONAL INSTITUTE Contents Page Reference and Administrative Details Trustees, Report & Statement of responsibilities 2to4 Independent Examiner Report Statement of Financial Activities Balance Sheet Notes to the Annual Accounts 8t010
BURY PARK EDUCATIONAL INSTITUTE Reference and Administrative Details Trustees Mr Abul Hussain Mr Ahmeduz Quazi Mufti Mohammed Abdul Hannan Mr Jainul Islam Choudhury Mr Muhammad Azizul Haque Mr Mohammed Sanaul Gazi Chairman Trustee Trustee Trustee Trustee Trustee Princlpal Offlce 82-86 Dunstable Road Luton 8edfordshire LU1 1EH CharSty Reglstratlon Number 1118199 Bankers Lloyds Bank 60 George Street Luton Beds LU12BB Independant Examlner M Akramul Haque HA Accountants 26 Leagrave Road Luton LU4 8HZ
BURY PARK EDUCATIONAL INSTITUTE The report of the trustees for the year ended 31 August 2024 The trustees present their annual report and accounls for Ihe year ended 31 August 2024. ObJectiV88 and Activities Char5table Objectives. The Charitable Irust is governed by the Trusl Deed executed on November 2006. Alms of Charlty The objectives of the Trust set by the Trugt Deed is to advance the academlc 88 well as Islamic education and providing facilities to learn and practice18lam according to the Holy Quran and Ahadith and within the bounds of Ahle-sunna Vval Jamaat. The primary aim of the Charity is to provide an Islamic based education for the children. ObJectlva8 for the year. During this year the charlty sought lo.. -Further improve awarenes8 of il's existence, facilltles and servlceg offered. -continue lo increase the number of studènts. -To continually enhance the facllilies provided. -To recruit the best quality teachers within the budgetary constralnts and lo enyure all teachers are kept up lo date in in their respectlve fields, -To develop and enhance the educational currlculum, Publ1¢ beneflt Statement The Trustees confirm that they have complied wlth the requlrements of sectlon 17 of the Charities Act 2011 to have due regard lo the public benefit published by the Charity Commission for England & Wales. Achlevoments and Performance -The Charity continued to improve facilitie3 avallable to students. Raised standards, facilitating improved GCSE results. Flnanclal Rovlew During the year the charlty'8 income was £921,491 12023: £891,238) and afier expendlture of £1,024,474 12023: £923,689) the carry forward reserve8 Stood ai 1,649,510 12023: £1,546,527). R880rvo8 pollcy The Trustees have resolved lo establlsh over the next few years reserves to provide for future activities, and to provide funding for the expected expenditure for six months ahead. Currenl reserves are adequate based on our knowledge and experience. Princlpal fundlng source The principal income was generated through the provision of education in accordance with the objectives of the charity. The principal expenditure related to the cost of providing education. Plans for future period8 The Charity will also continue to look at options to diversify in delivering the aims and objectives of the Trust.
BURY PARK EDUCATIONAL INSTITUTE The report of the trustees for the year ended 31 August 2024 Structure, Governanc8 and Management Nature of the Governlng Documents The Charity is an unincorporated association governed by a trust deed. Eligibility for membership of the charity, and membership of the board of trustees is governed by the trust deed. There are no restrictions in the governing document on the operation of the charity or on its investment powers, other than those imposed by general Gharity law. Recrultment and appolntment of now trustees New Trustees are appolnled by Invilatlon based upon the speclflc requirements and the sklll set needed by the charity to help advance the charilable objectives. Inductlon and tralnlng of trustees. We have at the moment no policy or procedure for the tralning of trustees, other than the do's and don'ts" publicatlon provided by the charity. Organlsatlonal structure and management. Trustees meet regularly on a monthly basis lo discuss and plan objectlves and implemenlaticn thereof. Matters of general concern are ralsed wlth all members. Day lo day management and responslbillty for Implementlng pollcles Ss carrled out by Head Teacher. There are 8 full lime and 5 part tlme employees plus a number of volunteers and employment tralnees, Related partles Other than the Trustees and those persons connected wlth them there are no individuals who are related partles. Details of transactlons with related partl88 are shown in the notes lo the accounts. Thls Include8 remuneratlon and expenses pald lo Trustee8. Rlsk Management The Iruslees acknowledge theSr responsibilitles for establlshlng a rlsk managemenl system and salisfield that appropriate systems and procedures are under development and continue to keep the strategic, business and operatlonal risk under review wlth vlew to Introduclng, where necessary, additional procedures to mitigate these risks.
BURY PARK EDUCATIONAL INSTITUTE The report of the trustees for the year ended 31 August 2024 Statement of Trustaes, Responslblllties The Trustees are resonsible for preparing the truslees, report and the financ5al statements for each financial year which give a true and fair view of the slate of affairs of the charity as at the end of the financial year and of the surplus or deflclt of the charity. In preparing those financial statements the Board Is required to select suitable accounting policies and then apply them consistently., observe the methods and principles In the Charities SORP make judgements and estlmates that are reasonable and prudent,, and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will contlnue in buslness. stale whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explalned In the financial slatemenls. The Trustees are also responslble for malnlaSnlng adequate accounting records which disclo8e with reasonable accuracy at any tlme the financlal position of the charity and which are sufficient lo show and explain the charlty's Iransacllons and enable them lo ensure that the financlal statements comply wllh regulatlong made under the Charities Act, They are also responsible for safeguarding the a88ets of the charlty and hence for taking reasonable slep8 for the prevention and detection of fraud and other irregularlties. Th18 report was approved by the board of trustees on 2010612025 Mr Ahmeduz Quazl Tru8tg0
Independent Examiners Report on the Accounts Report to the trusteeslmembers of.. BURY PARK EDUCATIONAL INSTITUTE On accounts for the year ended.. 31 August 2024 Charity no 1118199 Set out on pages.. 6 to 10 I report to the trustees on my examination of the accounts of the above charity for the year ended 31 st August 2024. Responslbllltes and ba818 of report As the charity's trustees, you are responslble for the preparation of the accounts in accordance wlth the requirements of the Charities Act 2011 {"the Act"). I report in respect of my examination of the Trust'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 Commlsslon under sectlon 1451511bl of the Act. Independent examlner'8 Statement The charity's gross Income exceeded £250,000 and l am qualified to undertake the examination by being a member of Institute of Financial Accountants I have completed my examSnalion. I confirm that no material matters have come lo my attention in connection with the examination which gives me cause to believe that in, any material respect,, The accounting records were not kept in accordance with section 130 of the Charities Act., or The accounts dld not accord with the accounting records., or The accounts did not comply with the applicable requirements concernlng 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 falr, vlew which is not a matter considered as part of an independent examlnation, I have no concerns and have come across no other matters in connectlon with the examlnation to whlch attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached, SSgned: Date.. 2110612025 Name.. Muhammed Akramul Ha ue
BURY PARK EDUCATIONAL INSTITUTE Statemgnt of Flnancial Activities For the Year Endèd 31 August 2024 Last Year Total Funds 2023 Unrestricted funds Notes Totsl Funds 2024 Income and Endownment$ from DonalionB and legac5&6 55,604 55,604 13,260 Other Income 885,887 865,887 877,978 Total Incomlng rg8ourc88 921,491 921,491 B91,238 RESOURCES EXPENDED ¢o•t of chirltsbl• actlvltlo• 1,019,794 1,019,794 918,909 Gov•rn4nc• co•t• 4,680 4,e80 4,880 Total ro8ources expended 1,024,474 1,024,474 923,S89 Nat movement In fund8 Total fund8 brought fopNard Total funds Carrlod fotward 1102,983 1102,9831 132,3511 11,546,527> 11,546,S271 11,614,176) 1 649510 1 649010 1548 $27 The nel rnovament In funds rèl8rr8d lo obove 58 the n8t Sncornlng r880urceB as defln8d In lh• Slgltment of Recommended Procllcg lor Accounllng and Reportlno188ued by the Charity Cornrn1$81on for England & W81e8 hnd18 r8conclled lo Ihe lot81 lunds is shown In the Balance Sheet on pagg 7 aB required by the sald slalernenl. All actlvltl•• derlvo from ¢ontlnulng op•ratloni The noto8 on pago8 8 to 10 form an Sntegral part of the•• account•
BURY PARK EDUCATIONAL INSTITUTE BALANCE SHEET As at 31 August 2024 2024 2023 Not88 The agsets and liabilitles of the chartty: Flxed Assets Tangible assets Total flxed a$$ets 1017 051 1017051 1043,596 1043.596 Current Assets Cash at bank and in hand 46,490 46,490 21,663 21,663 Credltor8: amount8 falllng due within one year 288 080 274 172 Net Current As8et8 Total a880ts le88 current Ilabllltleg 239 590 777,461 252 509 791,087 Crodltors: amounts falllng due after more than one year 12,426,971) 12,337,614) Totsl Net A88ets {1,649,5101 11,546,527) The fund8 of the charlty: Unr88trlcted Income funds 9 11,649,510) 11,546,527) Total charlty funds {1,649,5101 11,546,527) Approved by the board of tru8tee8 on 20 June 2026 Mr Ahmeduz Quazl Trustee The notes on pages 8 to 10 form an Integral part of these accounts.
BURY PARK EDUCATIONAL INSTITUTE Notes to thè Ac¢ounts For the Year Ended 31 August 2024 1 Accountlng pollcles Stsl&ment of compllancg These accounts have been prep8red in accordance with Accounting and Reporting by Charities.. Statement ol Recommended Practice 3pplicable to eharilies preparing their accounts in accordance with the Fin8ncial Reporting Standard Spplicable in the UK and Republic ol Ireland IFRS 1021 leffeclive 1 January 20151- Icharilies SORP IFRS 10211, th$ Fin8ncial Raportin9 Standard applicable n tho UK and Republi¢ ol Ireland IFRS 1021 and th$ Charities Act 2011. Ba81$ of preparatlon Thè ChBrily m&818 the definition of publlc benefll entity under FRS 102, Assets and 118bilities ara Initially recognised at hlslorical co$1 or Iransacllon value unlos9 olharwi$e 818led In th& relevant a¢counling policy notes. Exgmptlon from proparlnu a ¢ogh flow •t•t•m•nt The Charity opltsd lo e&rly adopt Bulletin 1 published on 2 February 2016 and therefore not incluagd a ¢8sh flow s1gl&ment in thes& 8¢counl8. Golng ¢oncgrn Tho IruBlees conslder that Ihgre ar• no rnalgrfal uncertainlio8 about the Charlly'8 abllily lo ¢onlinue a$ 8 going concorn. Incomo and ondowments Volunlory incom8 including donation8, 9111$, l•g@cies and gronts that provld• core funding or ore ol eneral nolure Is recoonl8ed when Chirlty h88 onllllernent lo thg Income, it 16 prob8blè th81 th• Income will bè received and the amount c8n be measured wllh sufficianl reliablllly, Donatlonj a17d1oga¢lo1 Donaiions and18gg¢198 are recoanl$•d On a r8c¢lvgbl• ba8iB wh8n r•c•ipl 18 probablo and th8 gmounl can be reliably measured. Volunto•r h•lp The value of >ny volunlgry help rec8lv•d 18 not Includod In the account8 bul 18 d•$cribèd in th• Iru8lees' Annu81 report. EXPENDITURE AND LIABILITIES Llablllty Rqcognltlon Llabilili8$ 8re recogni80d where il Is more Ilkaly than not there 18 a 18gal or conslrucllve obllgallon c¢mmilllno the ehaiily to pay out r830urcag 8nd the 8mounl ol Ihts obligatlon con be measured with reasonAbl¢ ¢•rtainiy. GovgrnAn¢• CO•10 Include co819 ol th8 prgp8ralion and examlngll¢n o15talulory gc¢ounl8, th• co$1$ ol IruBla• meellng8 and coyt ol gny legal advice lo Iru$let8 on gov•rnAn¢e or con&lllution81 mallerB. Flxed as$•t* 4nd d•preclatlon All tangibl¥ fixed assets 8re capilali8ed11 they can be u¥ed lor rnore than on• year Ènd are slated al cost less d¢pfeciation. It¢mg ol lesB thin £1000 are not capilallied. Doprgclation ho8 tyoen provldod 91 the following ro108 in order lo wrilts off the a$$els Iless Ihglr 81im81ed residual value) over their a$llm8led u8eful economic liv88. Land & 8ulldlnos 2Vo Stralghl Iln Plant & Machinery 25D/d reducing balancg Motor Vahl¢le$ 25% redu¢lng balance A rogular annuol r•vi?w ol the likèlihood ol assal Imp8im)enl Is undertgken, Taxatlon The eharlly 1$ exempt Irorn ¢orporalion tax on118 ch8ril&ble 9cllvllle8. Funds stueturo pollcy The charity msinlains a general unw8lri¢led fund whi¢h represents fund8 which are expondable at the dlscreiion ol the trustèeB in furtherance of the objects ol the charity. Such fund8 may be held in Order lo finance both working capital and capital investment. Reslrioted lund8 can only be used for parti¢u18r restricted purposes Within th$ objects ¢1 the charity,
BURY PARK EDUCATIONAL INSTITUTE Notes to the Accounts For the Ytar Ended 31 August 2024 2 Incoming rosources 2024 2023 Voluntary Incomfr General Donations 55,604 55,604 13,260 13,260 Charitable AGtivlties Fees Grants Olher 853,357 875,803 675 1.500 877.978 12,530 885,887 3 Re80ur¢•s oxpgnded Charltable actlvltlfr8'. Edu¢atlon Stall Cost Conlra¢l¢rs Olsled & Ex8m Fee8 Events & Activities Mal8ri818 & Tèaching Aids 2024 2023 647.401 26,197 61.436 2.435 3,397 740.866 699,969 52,330 29,995 2,883 2,977 788,154 Pr•rn18e8 Co•t Non Dom&slic & Walar Ral98 Cleaning Light & Heal Repairs & Mailenance 9,824 1,290 100,799 83,981 195,894 4,441 1,446 25,260 841 31,988 Admlnl8tratlve axpen80 Telephone Bank Char988 Equipment Expansed Hoallh and Safly Co818 Insurancg IT & Software Slalionery anrj Printer Supplies Subcriplions, Foe8 & Compliancé Depracialion 2,144 1,055 11,196 959 11,880 4.165 1,019 16,878 820 14,682 3,877 17,564 438 30,242 89,485 23,343 1,395 28,545 78,517 Supportcost Staff Training & Welfare Advertlsing 177 177 2,356 2,356 Oth•r• Sundry Exponses Consultancy lees Other Legal and Profes61onal Motor Expenses Interest 225 1,367 346 4,988 6,926 346 3,994 4.340 1019,794 Governan¢o costs: Accounlancyl Inl$rnal Examiner 918,909 4,680 4,680 4 Staff Costs and Emoluments 2024 2023 Gros3 Salaries Employer's National Insurance Employers Pension 622.030 23.565 1806 647,401 672,794 25,106 2069 699 969 Numbers of full tlme ?mploy•g8 or full tlma •qulvalents 2024 2023 Engaged on charflable activilles Adrninislration There wero no fees or other remuneration paid to the trustees There were no employees with emoluments In excess of £60,000 per annum 51 57
BURY PARK EDUCATIONAL INSTITUTE Notes to the Accounts For thè Year Ended 31 August 2024 5 Tangible flxed assets Freohold Proporty Plant & Machlnery Motor & V9hlcles Total A¥set CO8t, valuatlon or revalued amount Bal Bltsd Additions Al 31 Augu812024 1,287,665 127,058 23,350 1,438,073 1,287,665 127.058 23,350 1,438,073 Accumulated dfrpr•Glatlon and Imp4lrment provl6lon8 Bal 81d 257,533 Charge for the yoar 23,178 Al 31 Augu812024 280,711 116,755 2,576 119,331 20,1e9 791 20,980 394,477 2e,545 421,022 Net book valu• Bal Bld 1,030,132 10,303 3,161 1,043,596 Al 31 August 2024 1,006,954 7,727 2,370 1,017,051 All 885016 are usèd for charitable purp08es. 8 Credltors., amount• falllng du• wlthln on• year 2024 2023 Trade creditors 286,080 286,080 274,172 274,172 7 Crgdltor8,' Amount• folllng du• aft•r on• y•ar 2024 2023 Bank Loan Other Loans 33,052 79,695 2 393,919 2 257,919 2426 971 2 337 614 Qarzg Hg&n8 18 unsecured gnd Inl&r&81 fr•e money loaned lo th• charity by members of the public with no fixed repayment term8. 8 Analy818 of th• Net Movement In Fund• 2024 2023 Nel movomonl In funds from Stalemont of Flnan¢lal A¢llvllle8 -102,983 -32,351 Net movement In funds avallable for futuro actlvltles -102,983 -32.351 9 Net As8et8 by fund Unre8trlcted funds Re8trlcted funds Total Fund8 2024 Total Fund8 2023 Tanglblo Flx•d Assets Curront A858ts Current Llabllltles Long Tèrm Llabllltles 1,017.051 46,490 -286.080 .2,426,971 .1,649,510 1.017,051 46,490 -286,080 -2,426,971 -1649,510 1,043,598 21,663 -274,172 -2,337,614 -1,546,527 10 Related Party Transactlon8 No fee or exp6nses were paid to trustees or persons connected with them 10