Registered Charity Number : 1120516
MADINA EDUCATION TRUST
TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024
Page 1 of 12
MADINA EDUCATION TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
FOR THE YEAR ENDED 31 JULY 2024
Trustees Azmal Hussain Badrul Islam Khan Halim Uddin Mohammed Abdul Mumith Aftab Miah Shahin Uddin Mohammed Muhidul Hussain Mohammed Sharif Uddin Charity Number 1120516 Company Number 05499251 Registered Office Madina House Walsall Street Wednesbury WS10 9EL Independent Examiner Monzur Sumon MA, FCCA, ACA, CTA Abacus tax Consultants Ltd, Chartered Accountants The Colmore Building, 20 Colmore Circus Birmingham B4 6AT
Page 2 of 12
MADINA EDUCATION TRUST
CONTENTS
FOR THE YEAR ENDED 31 JULY 2024
Trustees' Report
Independent Examiner's Report
Statement of Finanical Activities
Balance Sheet
Notes to the Financial Statements
Page 3 of 12
MADINA EDUCATION TRUST
TRUSTEES' REPORT
FOR THE YEAR ENDED 31 JULY 2024
The trustees present their annual report and financial statements for the year ended 31 July 2024 .
Trustees' report and financial statements
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 31 July 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
The objectives of the trust are the advancement of education in the United Kingdom and elsewhere; the furthering of education and training; to provide facilities as required for the provision of education; the fostering promotion and increasing the interest of the public in education; pursuing other charitable purposes as the trustees shall think fit.
Achievement and Performance
The Charity has successfully expanded its activities for education classes in the current financial year. Various classes have been running successfully throughout the period under review.
Structure, Governance and Management
The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. Under those Articles the initial subscribers to the Memorandum are the first Trustees of the Charity. One third of the Trustees must retire at each AGM subject to reappointment by the members.
Trustees
The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were: Azmal Hussain Badrul Islam Khan Halim Uddin Mohammed Abdul Mumith Aftab Miah Shahin Uddin Mohammed Muhidul Hussain Mohammed Sharif Uddin
Trustees' responsibilities statement
The trustees, who are also the directors of Charity For Madina Education Trust for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company Law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.
In preparing these 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; and
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and 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 hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report was approved by the trustee and signed on its behalf by:
Page 4 of 12
---------------------------------------------------Azmal Hussain Trustee
Date : 26 June 2025
Page 5 of 12
MADINA EDUCATION TRUST
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 JULY 2024
Independent Examiner’s Report to the Trustees of Madina Education Trust
I report to the Charity Trustees on my examination of the accounts of the charity for the year ended 31 July 2024 which consists of the statement of financial activities,balance sheet and the related notes
Responsibilities and basis of report
As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act')
I report in respect of my examination of the charity's accounts carried out under section 145 of the 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 Examiner's Statement
The charity’s gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of ICAEW
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination (other than that disclosed below *) 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 did not accord with the accounting records; or
-
the accounts did 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.
Name: Monzur Sumon MA, FCCA, ACA, CTA Date: 26 June 2025
Page 6 of 12
MADINA EDUCATION TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 JULY 2024
| Recommended categories by activity Notes Income and endowments from: Donations and legacies 2 Investments 3 Total Expenditure on: Charitable activities 4 Total Net income/(expenditure) Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
Unrestricted funds £ 157,969.00 21,450.00 179,419.00 148,096.00 148,096.00 31,323.00 31,323.00 481,387.00 512,710.00 |
Total Funds 2024 £ 157,969.00 21,450.00 179,419.00 148,096.00 148,096.00 31,323.00 31,323.00 481,387.00 512,710.00 |
Total Funds 2023 £ 155,119.00 19,800.00 |
|---|---|---|---|
| 174,919.00 | |||
| 108,399.00 | |||
| 108,399.00 | |||
| 66,520.00 | |||
| 66,520.00 414,867.00 |
|||
| 481,387.00 |
Page 7 of 12
MADINA EDUCATION TRUST
BALANCE SHEET
FOR THE YEAR ENDED 31 JULY 2024
| Recommended categories by activity Notes Fixed assets Tangible assets 6 Total fixed assets Current assets Cash at bank and in hand 7 Total current assets Creditors: amounts falling due within one year 8 Net current assets/(liabilities) Total assets less current liabilities Creditors: amounts falling due after one year 9 Total net assets or liabilities Funds of the Charity Unrestricted funds 10 Restricted income funds 10 Endowment funds 10 Total funds |
Total Funds 2024 £ 685,614.00 685,614.00 36,680.00 36,680.00 136.00 36,544.00 722,158.00 209,450.00 512,708.00 512,710.00 - - 512,710.00 |
Total Funds 2023 £ 685,614.00 |
|---|---|---|
| 685,614.00 | ||
| 43,981.00 43,981.00 (892.00) 44,873.00 |
||
| 730,487.00 | ||
| 249,100.00 | ||
| 481,387.00 | ||
| 481,387.00 - - |
||
| 481,387.00 |
For the year ended 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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 trustees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the trustees on 26 June 2025 and signed on its behalf by:
Azmal Hussain Trustee Date : 26 June 2025
Page 8 of 12
MADINA EDUCATION TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
1. Accounting Policies
The principal accounting policies adopted by the Charity, which is a public benefit entity, in the preparation of the accounts are as follows.
1.1 Basis of preparation
These accounts have been prepared under the historical cost convention, as modified by the inclusion of charitable properties and fixed asset investments and investment properties at valuation.
These accounts have been prepared in accordance with “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) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
These accounts are presented in pounds sterling and rounded to the nearest pound.
1.2 Going concern
The Trustees have prepared financial projections, taking into consideration the current economic conditions and have, at the time of approving these accounts, a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the accounts.
1.3 Income from donations or grants
Income from donations and grants is recognised when the charity is entitled to the funds, the receipt is probable and the amount can be measured reliably. For donations, this is usually on receipt. For grants, this is usually when a formal o'er is made in writing. If a donation or grant contains terms and conditions outside of the charity’s control which must be met before the charity is entitled to the funds, or if the donor specifies that the funds must be used in future time periods, then the income is deferred.
2. Income from Donations and Legacies
| Analysis Unrestricted funds £ Admissions - Student fees 105,040.00 Donation and gifts 52,929.00 157,969.00 3. Income from Investments Analysis Unrestricted funds £ Rental and leasing income 21,450.00 21,450.00 |
Total funds 2024 £ 105,040.00 52,929.00 157,969.00 Total funds 2024 £ 21,450.00 21,450.00 |
Total funds 2023 £ 92,478.00 62,641.00 |
|---|---|---|
| 155,119.00 | ||
| Total funds 2023 £ 19,800.00 |
||
| 19,800.00 |
3. Income from Investments
Page 9 of 12
4. Expenditure on Charitable Activities
| Analysis Total funds 2024 £ Support worker 23,269.00 Rates and water 320.00 Light and heat 8,476.00 Repairs and Maintenance 7,084.00 Cleaning 518.00 Pensions 164.00 Telephone 887.00 Other office costs 311.00 Equipment expensed 15,851.00 Insurance 2,791.00 Grants paid - Employee costs 86,833.00 Donations - Advertising and marketing 540.00 Printing and stationery 130.00 Support Costs 922.00 148,096.00 5. Support Costs Analysis Total funds 2024 £ Governance Costs Bank Charges 195.00 Other legal and professional 227.00 Accountants fees 500.00 922.00 6. Tangible Fixed Assets Freehold Land & Buildings £ 6.1 Cost or valuation At 01 August 2023 685,614.00 Additions - Disposals - Revaluations - Transfers - At 31 July 2024 685,614.00 6.2 Depreciation and impairments At 01 August 2023 Charge for the year Disposals Revaluations Transfers At 31 July 2024 |
Analysis Total funds 2024 £ Support worker 23,269.00 Rates and water 320.00 Light and heat 8,476.00 Repairs and Maintenance 7,084.00 Cleaning 518.00 Pensions 164.00 Telephone 887.00 Other office costs 311.00 Equipment expensed 15,851.00 Insurance 2,791.00 Grants paid - Employee costs 86,833.00 Donations - Advertising and marketing 540.00 Printing and stationery 130.00 Support Costs 922.00 148,096.00 5. Support Costs Analysis Total funds 2024 £ Governance Costs Bank Charges 195.00 Other legal and professional 227.00 Accountants fees 500.00 922.00 6. Tangible Fixed Assets Freehold Land & Buildings £ 6.1 Cost or valuation At 01 August 2023 685,614.00 Additions - Disposals - Revaluations - Transfers - At 31 July 2024 685,614.00 6.2 Depreciation and impairments At 01 August 2023 Charge for the year Disposals Revaluations Transfers At 31 July 2024 |
Analysis Total funds 2024 £ Support worker 23,269.00 Rates and water 320.00 Light and heat 8,476.00 Repairs and Maintenance 7,084.00 Cleaning 518.00 Pensions 164.00 Telephone 887.00 Other office costs 311.00 Equipment expensed 15,851.00 Insurance 2,791.00 Grants paid - Employee costs 86,833.00 Donations - Advertising and marketing 540.00 Printing and stationery 130.00 Support Costs 922.00 148,096.00 5. Support Costs Analysis Total funds 2024 £ Governance Costs Bank Charges 195.00 Other legal and professional 227.00 Accountants fees 500.00 922.00 6. Tangible Fixed Assets Freehold Land & Buildings £ 6.1 Cost or valuation At 01 August 2023 685,614.00 Additions - Disposals - Revaluations - Transfers - At 31 July 2024 685,614.00 6.2 Depreciation and impairments At 01 August 2023 Charge for the year Disposals Revaluations Transfers At 31 July 2024 |
Total funds 2023 £ 17,309.00 370.00 9,269.00 1,192.00 266.00 55.00 1,247.00 96.00 3,970.00 2,545.00 202.00 69,809.00 500.00 490.00 216.00 863.00 108,399.00 Total funds 2023 £ 154.00 209.00 500.00 863.00 Fixtures & Fittings £ 83,410.00 - - - - 83,410.00 - 83,410.00 - - - - - - - - |
Total funds 2023 £ 17,309.00 370.00 9,269.00 1,192.00 266.00 55.00 1,247.00 96.00 3,970.00 2,545.00 202.00 69,809.00 500.00 490.00 216.00 863.00 108,399.00 Total funds 2023 £ 154.00 209.00 500.00 863.00 Fixtures & Fittings £ 83,410.00 - - - - 83,410.00 - 83,410.00 - - - - - - - - |
|---|---|---|---|---|
| 685,614.00 | ||||
| - - - - - |
||||
| - | 83,410.00 |
Page 10 of 12
685,614.00 - 685,614.00
6.3 Net book value
At 01 August 2023 At 31 July 2024
7. Cash at bank and in hand
| Total funds 2024 | Total funds 2023 | |
|---|---|---|
| £ | £ | |
| Cash at bank and in hand | 36,680.00 | 43,981.00 |
| 36,680.00 | 43,981.00 |
8. Creditors: Amounts falling due within one year
| Total funds 2024 | Total funds 2024 | Total funds 2024 | Total | funds 2023 | funds 2023 | ||||
|---|---|---|---|---|---|---|---|---|---|
| £ | £ | ||||||||
| Other Creditors | - | 22.00 | |||||||
| Trade creditors | - | 500.00 | |||||||
| Taxation and social security | (412.00) | (1,414.00) | |||||||
| Other creditors | 548.00 | - | |||||||
| 136.00 | (892.00) | ||||||||
| 9. Creditors: Amounts falling due after one year | |||||||||
| Total funds 2024 | Total | funds 2023 | |||||||
| £ | £ | ||||||||
| Other creditors | 209,450.00 | 249,100.00 | |||||||
| 209,450.00 | 249,100.00 | ||||||||
| 10. Charity funds | |||||||||
| 10.1 Details of material funds held and | movements during the CURRENT reportin | ||||||||
| period | |||||||||
| Fund names | Fund | balances brought forward |
Income | Expenditure | Transfers | Gains and losses |
Fund balances carried forward |
||
| £ | £ | £ | £ | £ | £ | ||||
| Unrestricted | |||||||||
| funds | |||||||||
| 481,387.00 | 179,419.00 | 148,096.00 | - | **- ** | 512,710.00 | ||||
| Total | 481,387.00 | 179,419.00 | 148,096.00 | - | **- ** | 512,710.00 | |||
| 10.2 Details of material funds held and | movements during the PREVIOUS | ||||||||
| reporting period | |||||||||
| Fund names | Fund | balances brought forward |
Income | Expenditure | Transfers | Gains and losses |
Fund balances carried forward |
||
| £ | £ | £ | £ | £ | £ | ||||
| Unrestricted | |||||||||
| funds | |||||||||
| 414,867.00 | 174,919.00 | 108,399.00 | - | **- ** | 481,387.00 | ||||
| Total | 414,867.00 | 174,919.00 | 108,399.00 | - | **- ** | 481,387.00 |
10.1 Details of material funds held and movements during the CURRENT reporting period
10.3 Transfers between funds
This Year
Page 11 of 12
| Amount | |
|---|---|
| £ | |
| Between unrestricted and restricted funds | - |
| Between endowment and restricted funds | - |
| Between endowment and unrestricted funds | - |
| Last Year | |
| Amount | |
| £ | |
| Between unrestricted and restricted funds | - |
| Between endowment and restricted funds | - |
| Between endowment and unrestricted funds | - |
11. Transactions with trustees and related parties
11.1 Trustee remuneration and benefits
There were no trustees' remuneration or other benefits for the year ended 31 July 2024 nor for the year ended 31 July 2023.
11.2 Trustees' expenses
There were no trustees' expenses paid for the year ended 31 July 2024 nor for the year ended 31 July 2023.
11.3 Transaction(s) with related parties
There were no related party transactions for the year ended 31 July 2024.
12. Average Number of Employees
| Average Employees Total Employees Average number of employees during this year : 8 and Last year : 6 |
This year £ 8 |
Last year £ |
|---|---|---|
| 6 | ||
Page 12 of 12