DARUL ULOOM DAWATUL JMAAN TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023
Charity Registration Number: 1124091 Company Registration Number: 6421563
DARUL ULOOM DAWATUL IMAAN Charity Information
Charity No. 1124091 Company No. 6421563
| Trustees/Directors: | Vashiullah Bodiyat | |
|---|---|---|
| Omar Rashid Kholwadia | ||
| Umar Kika | ||
| Company Secretary: | Vashiullah Bodiyat | |
| School Director: | Omar Rashid Kholwadia | |
| School Head Teacher: | Abdurrahman Kayat | |
| Head ofIslamic Studies: | Hasib Mayet | |
| Curriculum Lead: | Shoaib Patel | |
| Head of Board and Welfare: | Bilal Sheikh | |
| Charity Registration Number: | 1124091 | |
| Company Registration Number: | 6421563 | |
| Date of incorporation: | 8th November 2007 | |
| Charity Office/Registered Office: | HarryStreet | |
| OffWakefield Road | ||
| Bradford | ||
| West Yorkshire | ||
| BD4 9PH | ||
| Website: | www.dawatulimaan.org.uk | |
| Accountants: | Forrest Burlinson | |
| Chartered Accountants& | & Registered Auditor | |
| 20 Owl Lane | ||
| Dewsbury | ||
| WF12 7RQ | ||
| Independent Examiner: | E Suleman | |
| Bankers: | HSBC Plc | Barclays Bank Plc |
| PO Box 45 | Market Place | |
| 47 Market Street | Dewsbury | |
| Bradford | West Yorkshire | |
| West Yorkshire | WF13 1PS | |
| BD1 1LW | ||
| Solicitors: | Khan &Co Solicitors | |
| 47 Cape Hill | ||
| Smethwick, Birmingham | ||
| B664SF |
DARUL ULOOM DAWATUL IMAAN Year Ended 31st August 2023
Charity No. 1124091 Company No. 6421563
| CONTENTS | ||
|---|---|---|
| Page | ||
| Trustees’ Report | 1-4 | |
| Independent Examiners Report | 5 | |
| Statement of Financial Activities | 6 | |
| Balance Sheet | 7 | |
| Statement ofCash Flows | 8 | |
| Notestothefinancialstatements | 9-13 |
DARUL ULOOM DAWATUL IMAAN
Charity No. 1124091 Company No. 6421563
Trustees’ Report for the period ended 31st August 2023
The trustees are pleased to present their annual directors report and financial statements for the period ended 31 August 2023 which are also prepared to meet the requirements for a directors' report and accounts for Companies Act purposes.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 and comply with the charity's trust deed, the Charities Act 2011 , the Companies Act 2006, 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 (FRS 102) (effective 1 January 2015).
Objects and policies
The object of the charity is to advance the education of the public, including education in the Islamic religion and such other courses for the benefit of the community as the trustees shall think fit. To advance the Islamic religion for the benefit of the public and to promote such other charitable purposes as the trustees may from time to time determine.
The principal work of the charity is to educate students who will graduate as well educated Muslim Scholars, Imams and guides with knowledge, appreciation, awareness and understanding of Islam's emphasis on mutual respect, social harmony, peace, tolerance, dignity and chivalry.
The ethos of Islamic Knowledge and our institute is to make ourselves and our students aware of man's obligations towards their Creator, parents, spouse, relatives, neighbours, friends, teachers, juniors, fellow citizens, society and ourselves.
Structure, governance and management
The charity is a company limited by guarantee and not having a share capital is governed by its Memorandum and Articles of Association. The directors of the company are its trustees for the purpose of charity law and throughout this report are referred to as the trustees. The trustees as Charity Trustees have control of the company and its property and funds.
The company was incorporated on 8th November 2007. The company was registered as a charity on 16th May 2008.
The trustees named on the front sheet have served throughout the period.
Each member undertakes to contribute to the assets of the company in the event of the company being wound up to a limit not exceeding £10 (ten pounds).
The trustees agree the broad strategy and areas of activity of the company in accordance with the Articles of Association and the charitable objects set out above.
On a day to day basis the senior management team and the School Director who are answerable to the Board of Trustees run the Darul Uloom.
Policies and procedures adopted for the induction and training of trustees
The company recognises that it has a responsibility to provide guidance and assist new trustees in fulfilling their duties and responsibilities. This is done in accordance with Charity Commission guidance. New trustees are given appropriate Charity Commission publications.
Achievements and performance
All praise is to the Almighty through whose grace 2022/23 has been a productive , successful yet a challenging year for Darul Uloom Dawatul Imaan, like all other educational institutions .
We pray that the Almighty continues to grant our institute the same level of success in the future. Aameen.
al
DARUL ULOOM DAWATUL IMAAN
Charity No. 1124091 Company No. 6421563
Trustees’ Report for the period ended 31st August 2023
The school opened its doors to the students to return in early September. New students joined a week later and were settled in.
The Darul Uloom continues to provide educational facilities for 163 students, from across the UK and EU. In total 113 students are currently studying Aalimiyat (Islamic Sciences).
in Hifz class (memorising the Qur'an) there are currently 50 students.
This year by the grace of the Almighty 5 students completed their memorisation of the Quran.
Students who are currently of compulsory school age are 100.
Core and non-core National Curriculum subjects are covered and are part of the syllabus.
There are in total 5 year groups (Year 7-Year 11) and the syllabus for each year group included the core subjects’ English Language, English Literature, Maths and Double Award Science. Students are also taught ICT, History, Citizenship, PSHE, RE,Arabic and Urdu.
Students in years 10-11 alongside the core subjects study ICT, Urdu, and religious Education, History and Arabic.
Students sat their GCSE exams. Alhamdulillah the results were pleasing. Further to this, student's post 16, are studying A level in Arabic, Urdu, Maths and Sociology, along with this there is opportunity to do Btec Level 2 in IT.
The school hopes to introduce further options for the 6th form by adding Chemistry.
Together with providng high standards of education, the Darul Uloom endeavours to promote a high level of spiritual, moral and social awareness and exemplary conduct among its students, which has always been the characteristic of Islamic Scholars throughout the generations.
Ihe school has a triendly atmosphere where the students learn and adapt to get on with others, nave the opportunity to meet and live with students from different backgounds and cultures. This improves their interaction and communication skills.
To aid the institutes' personal development as leaders and independent citizens, mental wellbeing assemblies and careers sessions were arranged both by external agencies and in school sessions. Some assemblies were carried out face to face and some were carried out online.
Students were also given opportunities for work experience within the schoo! to assist in their career guidance along with visiting the apprenticeship shows where they learn from professionals in their field and explore different career routes.
Amongst other enrichment activities students were taken on a community day. Gifts on behalf of the school were given in the holiday season and students helped clean the local neighbourhood. Feedback received from neighbours was very positive. Students also contributed towards the local food bank, along with raising funds for different charities locally and nationally.
Construction Project
Along with the current up to date facilities, The institute plans on expanding its faculties to help enrich it's curriculum and provide the best possible facilities for the students, so they may become ambassadors and leaders of their communities.
The institute hopes to develop a sports centre to help improve student's personal development and welfare. Along with this, a refurb of the old buildings to help facilitate further opportunities in the national curriculum. This project will provide further state of the art facilities such as science labs, design technology workshops and an increase in classrooms.
zZ
DARUL ULOOM DAWATUL IMAAN
Charity No. 1124091 Company No. 6421563
Trustees’ Report for the period ended 3ist August 2023
However, this will require investment. Trustees and School leaders have raised funds towards these projects.
Future Plans
Our medium and long term goals are to continue to provide a high level of education with particular attention on each individual student's needs. To this end we annually review and strengthen our systems for target setting, monitoring and tracking of students’ academic and all-round progress. Links have been made with external bodies to help monitor both the education and welfare within the school.
Links are currently being established with other boarding schools.
The Trustees and management team acknowledge the support and assistance of the staff, volunteers and donors, without whom the progress made to date, would not have been achieved. We would like to extend our gratitude to all those who have contributed to Darul Uloom Dawatul Imaan for their support, regardless of the size of the contribution and at the same time appeal to all our well-wishers to continue with their moral, physical and financial support.
May the Almighty grant blessings for what has been achieved during the period of the past twelve months and may He shower us with further blessings and barakah in the future years. May He accept the efforts of all the Trustees, staff and volunteers for Aameen
Financial review
In this financial period, the charity has returned a surplus, the charity funds are in deficit. The financial stability and the charity's ability to remain solvent and viable is a concern, but one which will be dealt with gradually over period of time, inshallah. We accept in the short to medium term the financial pressure will remain, with the cost of living crisis, energy costs and loans. This deficit has been met by the interest free loans and donations received from well-wishers and members of the community.
We are actively seeking funding to sustain our projects, primarily to repay existing loans received for the construction project. At the same time to be able to continue providing subsidised level of education for students.
Risk management
The trustees actively assess the major risks to which the charity is exposed through regular meetings and believe that increasing reserves , combined with an annual review of controls over key financial systems, will provide sufficient resources in the event of adverse conditions.
In the course of the period the trustees have reviewed the need to maintain adequate resources, and as referred to in the financial review, to provide reserves sufficient for both working capital and future resource needs.
Reserves policy
As at 31 August 2023, the company had negative reserves of £22,823 of which £1,812,377 is represented by construction progress on the new building and £1,793,724 of loans given to support the project.
It is the goal of the trustees to achieve a level of reserves such as to secure the future of the Darul Uloom Dawatul Imaan.
Statement of trustees' responsibilities
The Charity Trustees (who are also directors of Darul Uloom Dawatul Imaan for the purposes of company law) are responsible for preparing the trustees’ annual report and financial statements in accordance with Applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting standard applicable in the UK and Republic of Ireland (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 company and of the incoming resources and application of
3
DARUL ULOOM DAWATUL IMAAN
Charity No. 1124091 Company No. 6421563
Trustees’ Report for the period ended 31st August 2023
resources of the company for that period.
In preparing financial statements giving a true and fair view, the trustees are required to:
-
a) select suitable accounting policies and apply them consistently;
-
b) make judgements and estimates that are reasonable and prudent;
-
c) state whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements; and;
-
d) prepare the financial statements on a going concern basis unless it is inappropriate to presume that the company will continue in operation.
The trustees acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with the Companies Act 2006.
They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approval
This report was approved by the trustees on 29th May 2024 and signed on their behalf by:
Signed Vashiullah Bodiyat On behalf of the board of[trustees]
4
DARUL ULOOM DAWATUL IMAAN Charity No. 1124091 Independent Examiner's Report to the Board of Directors on the Unaudited Financial Statements of Darul Uloom Dawatul Imaan Company No. 6421563
| report to the charity trustees on my examination of the accounts for the company for the year ended 31 August 2023.
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.
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 your charity's accounts as carried out under section 145 of the Charities Act 2011. In carrying out my examination | have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner's statement
Since the Company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. | confirm that | am qualified to undertake the examination because | am a qualified member of the Institute of Chartered Accountants in England and Wales, 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:
-
accounting records were not kept in respect of the company as required by section 386 of the ‘2006 Act; or
-
the accounts do not accord with those records; or
-
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
-
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 order to enable a proper understanding of the accounts to be reached.
Use of my report
This report is made solely to the charity's trustees, as a body. My work has been undertaken so that | might state to the charity's trustees those matters | am required to state to them in an Independent Examiner's report and for no other purpose. To the fullest extent permitted by law, | do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for my work, for this report, for the statements | have made, or for the opinions | have stated.
OR ee et tee eeeeeete retest tte carr errr. Tt rr re esr rr erates Dated :
Ebrahim Suleman ACA
Member of The Institute of Chartered Accountants in England and Wales Forrest Burlinson Chartered Accountants 20 Owl Lane, Shawcross, Dewsbury WF12 7RQ
5
Charity No. 1124091 Company No. 6421563
DARUL ULOOM DAWATUL IMAAN
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 AUGUST 2023
----- Start of picture text -----
||||||||||
|---|---|---|---|---|---|---|---|---|
|Unrestricted|Restricted|2023|2022|
|funds|funds|Total|Total|
|Notes|£|£|£|£|
|Income:|
|Donations|and|similar|income|2|138,429|171,427|309,856|26,025|
|Income|from|charitable|activities:|
|School|income|3|688,808|688,808|567,505|
|Total|Income|827,237|171,427|998,664|593,530|
|Expenditure:|
|Charitable|activities:|
|Academic|and|School|costs|4|600,782|600,782|547,899|
|Property and|Equipment|costs|5|189,889|115,875|305,764|248,730|
|Administration|costs|6|8,955|36|8,991|44,426|
|Governance|costs|7|10,195|958|11,153|12,557|
|Total|Expenditure|809,821|116,869|926,690|853,612|
|Net|Income/(Expenditure)|17,416|54,558|71,974|(260,082)|
|Transfers|16|-|-|
|Net|movement|in|funds|17,416|54,558|71,974|(260,082)|
|Reconciliation|of funds:|
|Total funds|brought forward|(42,346)|(52,451)|(94,797)|165,285|
|Total funds carried|forward|(24,930)|2,107|(22,823)|(94,797)|
----- End of picture text -----
There were no recognised gains or losses other than those included in the Statement of Financial Activities
6
DARUL ULOOM DAWATUL IMAAN BALANCE SHEET AS AT 31ST AUGUST 2023
Charity No. 1124091 Company No. 6421563
| DARUL ULOOM DAWATUL IMAANULOOM DAWATUL IMAANDAWATUL IMAANIMAAN Charity No. 1124091 BALANCE SHEET AS AT 31ST AUGUST 2023SHEET AS AT 31ST AUGUST 2023AS AT 31ST AUGUST 2023AT 31ST AUGUST 202331ST AUGUST 2023AUGUST 20232023 Company No. 6421563No. 64215636421563 |
DARUL ULOOM DAWATUL IMAANULOOM DAWATUL IMAANDAWATUL IMAANIMAAN Charity No. 1124091 BALANCE SHEET AS AT 31ST AUGUST 2023SHEET AS AT 31ST AUGUST 2023AS AT 31ST AUGUST 2023AT 31ST AUGUST 202331ST AUGUST 2023AUGUST 20232023 Company No. 6421563No. 64215636421563 |
DARUL ULOOM DAWATUL IMAANULOOM DAWATUL IMAANDAWATUL IMAANIMAAN Charity No. 1124091 BALANCE SHEET AS AT 31ST AUGUST 2023SHEET AS AT 31ST AUGUST 2023AS AT 31ST AUGUST 2023AT 31ST AUGUST 202331ST AUGUST 2023AUGUST 20232023 Company No. 6421563No. 64215636421563 |
DARUL ULOOM DAWATUL IMAANULOOM DAWATUL IMAANDAWATUL IMAANIMAAN Charity No. 1124091 BALANCE SHEET AS AT 31ST AUGUST 2023SHEET AS AT 31ST AUGUST 2023AS AT 31ST AUGUST 2023AT 31ST AUGUST 202331ST AUGUST 2023AUGUST 20232023 Company No. 6421563No. 64215636421563 |
|---|---|---|---|
| Se ee eee Total Total |
|||
| 2023 | 2022 | ||
| Notes | £ | £ | |
| FixedAssets | |||
| Tangible assets | 12 | 2,092,150 | 2,220,827 |
| Current Assets | |||
| Debtorsand prepayments | 13 | 51,041 | 90,594 |
| Cash atbank | 37,025 | 38,437 | |
| Cash in hand | |||
| 88,066 | 129,031 | ||
| Creditors:Amounts falling due within oneyear | |||
| Othercurrent liabilities | 14 | (446,299) | (480,415) |
| Netcurrent liabilities | (358,233) | (351,384) | |
| Totalassets lesscurrent liabilities | 1,733,917 | 1,869,443 | |
| Creditors:Amounts fallingdue aftermorethanoneyear | |||
| Loans | 15 | (1,756,740) | (1,964,240) |
| NetAssets | (22,823) | (94,797) | |
| FUNDS | |||
| Restricted Funds | 16 | 2,107 | (52,451) |
| Unrestricted Funds | 16 | (24,930) | (42,346) |
| (22,823) | (94,797) |
In preparing these financial statements:
- {a) The trustees are of the opinion that the company is entitled to the exemption from audit conferred by Section 477 of the Companies Act 2006;
(b) No notice has been deposited under Section 476 of the Companies Act 2006, and
-
(c) The trustees acknowledge their responsibilities for:
-
(i) ensuring that the company keeps accounting records which comply with Section 386 of the Companies Act 2006, and for
-
{ii) preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit or loss for the financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to accounts, so far as applicable to the company.
The financial statements were approved by the board on 26th May 2023 and signed on their behalf by:
Omar R Kholwadia
Trustee
7
DARUL ULOOM DAWATUL IMAAN STATEMENT OF CASH FLOWS AT 31ST AUGUST 2023
Charity No. 1124093 Company No. 6421563
| 2023 | 2022 | ||
|---|---|---|---|
| Notes | Total | Total | |
| £ | £ | ||
| Net cashused in operating activities | 17 | 226,140 | (56,529) |
| Cash flowsfrom investment activities: | |||
| Purchase offixed assets | (20,052) | (6,515) | |
| Netcash provided by(used in) investingactivities | (20,052) | (6,515) | |
| Cash Flowsfrom financing activities | |||
| Additional loans/(repayment) | (207,500) | 63,705 | |
| Cashfrom financingactivities | (207,500) | 63,705 | |
| Increase/(decrease) in cashand cash equivalents duringthe year | (1,412) | 661 | |
| Cashandcashequivalents broughtforward | 38,437 | 37,776 | |
| Cashandcashequivalentscarriedforward | 37,025 | 38,437 |
8
DARUL ULOOM DAWATUL IMAAN NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST AUGUST 2023
Charity No. 1124091 Company No. 6421563
1 Accounting Policies 1.1 Basis of preparation of accounts The financial statements 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 Rebublic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and republic of lreland (FRS 102) and the Companies Act 2006. Assets and liabilities are recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.
The Charity meets the definition of a public benefit entitiy as defined by FRS 102. The financial statements have been prepared on the going concern basis which assumes that current and future sources of funding and support will be more than adequate for the charitable company's needs.
| 1.2 | Company status |
|---|---|
| The Charity is a company limited byguarantee. Membership ofthecompany isopento individualswho | |
| apply to the Charity in theform required bythe Directors; who adhere tothe teachings oftheQur'an and | |
| TheSunnah of Rasoolullah (saw)and his righteouscompanions according tothe interpretation and | |
| accepted view ofthe Ahlus Sunnah WalJamaa’ah and asexpounded by the Pious Predecessors ofthe | |
| four recognised schools ofJurisprudence and in particularthe founding scholars of Darul Uloom | |
| Deoband and are approved bythe Directors. | |
| In the event ofthe companybeingwound up, the liability in respect ofthe guarantee is limited to £10 per | |
| member ofthe company. | |
| The number ofmembers as at 31stAugust 2023 was 3. | |
| As the company doesnottrade for profit, the trustees have taken advantage ofSection 474(2) ofthe | |
| companiesAct 2006 and have prepared an income and expenditure account instead ofa profit and loss | |
| account. | |
| 1.3 | Funds structure |
| Unrestricted funds comprisethose funds which the trustees are freeto use in accordance with the | |
| charitable objects. | |
| Restricted fundscomprise the 'New Project’ fund forthe construction ofa new buildingas outlined inthe | |
| Trustees report. | |
| 1.4 | Income |
| All incoming resources are included in the Statementof Financial Activities when the Charity is entitled | |
| to the income and theamountcan be quantified with reasonable accuracy. Thefollowing specific policies | |
| applyto categories ofincome: | |
| Donation ofservices and facilities are included atthe value to the Charitywhere this can be quantified. | |
| Donated goods forongoing use by the Charity are recognised as tangible fixed assetsand included as | |
| incoming resourceswhen receivable. | |
| No amounts are included in the financial statements for services donated byvolunteers. | |
| Incomingsarestatedbeforeallexpenses. |
1.5 Expenditure All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Charitable Activities comprise all costs identified as wholly or mainly attributable to achieving the charitable objects of the Charity, including the costs of disseminating information in support of charitable activities. These costs include staff costs, wholly or mainly attributable to ensuring the public accountability of the Charity and its compliance with regulation.
1.6 Pensions The charity operates a stakeholder pension scheme for its employees. The charity has no liability beyond making its contributions and paying across the deductions for the employee's contributions.
9
DARUL ULOOM DAWATUL IMAAN
Charity No. 1124091 Company No. 6421563
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST AUGUST 2023
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|1.7|Tangible fixed|assets and|depreciation|
|Tangible|fixed|assets|are|stated|at|cost.|Depreciation|is|provided|on|all|tangible|fixed|assets,|except|
|freehold|land,|at|rates calculated|to|write|off the|cost on|a|straight-line|basis|over their expected|useful|
|economic|lives|using|the|following|rates:|
|Fixture,|Fittings|&|Equipment|20 %|Straight|Line|
|Leasehold|Premises|Improvements|4%|Straight|Line|
|Freehald|4%|Straight|Line|
|1.8|Debtors|
|Debtors|are|recognised|at the|settlement|amount due|after any discounts|offered|
|19|Cash|at bank and|in|hand|
|Cash|at bank and|in|hand|includes|cash|and|any|short term|highly|liquid|investments and|deposit|accounts.|
|1.10|Creditors and|provisions|
|Creditors and|provisions are|recognised|where|the|charity|has|a|present obligation|resulting from|a|past|
|event that|will|probably|result|in|the|transfer|of funds|to|a|third|party and|the|amount due|to|settle the|
|obligation|can|be|measured|or estimated|reliably.|Creditors|and|provisions are|normally|recognised|at their|
|settlement|amount|after|allowing|for any|discounts|due.|
|1.11|Financial|instruments|
|The charity|has financial|assets|and|liabilities|of a|kind|that|qualify as|basic financial|instruments.|Basic|
|financial|instruments|are|initially|recognised|at|transaction|value|and|subsequently|at their|settlement|value.|
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||||||||
|---|---|---|---|---|---|---|
|Unrestricted|Restricted|2023|2022|
|Funds|Funds|Total|Total|
|£|£|£|£|
|2|Donations|
|Donations|138,429|171,427|309,856|26,025|
|Donated|assets|0|0|
|138,429|171,427|309,856|26,025|
|3|School|income|
|School|fees|664,127|664,127|540,626|
|Textbooks and|stationery|2,201|2,201|1,417|
|Examination|fees|6,870|6,870|10,900|
|Miscellaneous income|3,460|3,460|5,062|
|Tuck shop|sales|8,750|8,750|8,250|
|Telephone|receipts|3,400|3,400|1,250|
|688,808|688,808|567,505|
|4|Academic|and|School|costs|
|Wages|and|national|insurance|367,437|367,437|348,913|
|Meals,|provisions,|etc|85,739|85,739|66,872|
|Tuck shop purchases|11,787|11,787|8,610|
|Tuition|fees|132|132|1,584|
|Teaching|materials|2,808|2,808|4,321|
|Examination|fees|7,573|7,573|5,000|
|School|Trip|Expenses|5,125|5,125|1,981|
|Security and|supervision|120,181|120,181|110,618|
|600,782|600,782|547,899|
----- End of picture text -----
10
Charity No. 1124091 Company No. 6421563
DARUL ULOOM DAWATUL IMAAN NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST AUGUST 2023
----- Start of picture text -----
||||||||||
|---|---|---|---|---|---|---|---|---|
|5|Property and|Equipment|costs|
|Rates|and|Water|24,405|24,405|23,057|
|Heat and|light|94,586|94,586|45,071|
|Insurance|4,166|4,166|5,297|
|Repairs|and|renewals|26,112|26,112|20,189|
|Cleaning and|laundry|7,766|7,766|8,749|
|Depreciation|-|Freehold|2,858|2,858|2,858|
|Depreciation|-|Leasehold|property|improvements|115,875|115,875|115,875|
|Depreciation|-|fixtures,|fittings and|equipment|29,996|29,996|27,634|
|189,889|115,875|305,764|248,730|
|Unrestricted|Restricted|2023|2022|
|Funds|Funds|Total|Total|
|£|£|£|£|
|6|Administration|and|Managing the|Charity/Governance|costs|
|Printing,|postage|and|stationery|1,713|1,713|3,369|
|Telephone|2,348|2,348|2,715|
|Travelling|costs|95|95|1,581|
|Training|costs|1,322|1,322|2,809|
|Bad|debts|written|off|0|19,480|
|Miscellaneous|expenses|2,024|2,024|305|
|Bank charges|1,453|36|1,489|14,167|
|8,955|36|8,991|44,426|
|7|Governance|costs|
|Professional|fees|10,195|958|11,153|12,557|
|8|Support costs|
|Management/administration|16,641|16,641|
|Accounting|costs|4,346|958|5,304|
|Office|costs|7,967|36|8,003|
|28,954|994|29,948|
|Management|and|administration|costs are|allocated|on|a|time|basis|
|Accounting|and|office|costs|are|based|on|actual|costs|
|9|Net|movement|in|funds|
|This|is stated|after|charging:|
|Depreciation|of tangible|assets|32854|115875|148,729|
|Employers|Approx.|
|10|Staff costs|Gross wages|NI|Avge.|No.|
|£|£|of e'ees|
|Staff|461,328|20,000|33|
|The|average|full-time|equivalent number|of employees|is 24|.|
----- End of picture text -----
There are no employees with emoluments above £60,000 in the period.
Volunteers
The estimated number of hours contributed by volunteers in the period was 4,600 ( 2022: 6,500 ) hours.
11 Remuneration and Transactions with Trustees Omar Kholwadia ( a trustee ) is School Director and received a gross salary of £17,988 during the period (2022: £16,664).
Otherwise, no remuneration or expenses were paid to any trustee in the period and there were no transactions with the same.
11
DARUL ULOOM DAWATUL IMAAN NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST AUGUST 2023
Charity No. 1124091 Company No. 6421563
| 12 | Tangible Fixed Assets | Freehold | Leasehold | Officeand | Furniture | |
|---|---|---|---|---|---|---|
| Property | Premises | Other | and | |||
| Improvement: | Equipment | Fixtures | Total | |||
| £ | £ | £ | £ | £ | ||
| Cost | ||||||
| At31August2022 | 248209 | = 2,896,888 | 188,740 | 225,595 | 3,559,432 | |
| Additions | 13,498 | 6,554 | 20,052 | |||
| it} | ||||||
| At 31August 2023 | 248,209 | 2,896,888 | 202,238 | 232,149 | 3,579,484 | |
| Depreciation | ||||||
| At 31August 2022 | 20,739 | 968,872 | 140,348 | 208,646 | 1,338,605 | |
| Charge forthe period | 2,858 | 115,875 | 23,463 | 6,533 | 148,729 | |
| At31 August 2023 | 23,597 | 1,084,747 | 163,811 | 215,179 | 1,487,334 | |
| Net book value | ||||||
| At31 August 2023 | 224,612 | 1,812,141 | 38,427 | 16,970 | 2,092,150 | |
| At31 August 2022 | 227,470 | 1,928,016 | 48,392 | 16,949 | 2,220,827 | |
| 2023 | 2022 | |||||
| Total | Total | |||||
| £ | £ | |||||
| 13 | Debtors | |||||
| Fees due but not received net ofbad debt provision | 43,844 | 88,957 | ||||
| Other debtors | 200 | 333 | ||||
| Prepayments | 6,997 | 1,304 | ||||
| 51,041 | 90,594 | |||||
| 14 | Creditors | |||||
| Loans | 178,284 | 165,284 | ||||
| Other creditors | 40,364 | 32,187 | ||||
| Depositforcontingency | 3,500 | 19,600 | ||||
| Interaccountwith DUDITrust | 104,735 | 104,735 | ||||
| Taxation and social security | 5,031 | 4,295 | ||||
| Pensions | 2,351 | 2,000 | ||||
| Wages | 69,381 | 95,217 | ||||
| Accruals | 42,653 | 57,098 | ||||
| 446,299 | 480,416 | |||||
| 2023 | 2022 | |||||
| Total | Total | |||||
| £ | £ | |||||
| 15 | Loans | |||||
| Loans repayable within 2 to 5 years | 515,426 | 585,026 | ||||
| Loans repayable after5 years | 1,241,314 | 1,379,214 | ||||
| Loansrepayablebeyond2years | 1,756,740 | 1,964,240 |
These loans have been received from private individuals in order to facilitate the construction of the new building (‘New Project’).
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Charity No. 1124091
Company No. 6421563
DARUL ULOOM DAWATUL IMAAN NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST AUGUST 2023
| 16 | Analysis ofFunds | |||||
|---|---|---|---|---|---|---|
| Incoming | Resources | 31 | August 2023 | |||
| B/Fwd | resources | expended | Transfers | C/Fwd | ||
| £ | £ | £ | £ | £ | ||
| New Project - Restricted | (52,451) | 171,427 | (116,869) | 2,107 | ||
| General Fund - Unrestricted | (42,346) | 827,237 | (809,821) | (24,930) | ||
| (94,797) | 998,664 | (926,690) | 0 | (22,823) | ||
| Analysis ofFunds-Previous year | ||||||
| Incoming | Resources | 31 | August 2022 | |||
| B/Fwd | resources | expended | Transfers | C/Fwd | ||
| £ | E | £ | £ | £ | ||
| New Project - Restricted | 124,979 | 3,876 | (129,894) | (51,412) | (52,451) | |
| General Fund - Unrestricted | 40,306 | 589,654 | (723,718) | 51,412 | (42,346) | |
| 165,285 | 593,530 | (853,612) | (94,797} |
General Fund
The General Fund is the principal fund of the charity. The income produced is used to support the work of the charity.
New Project
This fund is a restricted fund and includes donations, loans, assets and costs in respect of the construction of the new Islamic Seminary building.
Analysis of Net Assets Between Funds
| Analysis of Net Assetsof Net AssetsNet AssetsAssets Between Funds | |||
|---|---|---|---|
| General | New | ||
| Fund | Project | Total | |
| £ | £ | £ | |
| Tangible fixed assets | 279,773 | =1,812,377 | 2,092,150 |
| Currentassets | 79,120 | 8,946 | 88,066 |
| Creditorsfalling due within one year | (254,823) | (191,476) | (446,299) |
| Creditors fallingdue after more than one year | (129,000) | (1,627,740) | (1,756,740) |
| (24,930) | 2,107 | {22,823) | |
| Analysis ofNetAssets Between Funds-Previous year | |||
| General | New | ||
| Fund | Project | Total | |
| £ | £ | £ | |
| Tangible fixed assets | 292,575 | 1,928,252 | 2,220,827 |
| Current assets | 110,468 | 18,563 | 129,031 |
| Creditors fallingdue within one year | (316,389) | (164,026) | (480,415) |
| Creditors fallingdue after morethan one year | (129,000) | (1,835,240) | (1,964,240) |
| (42,346) | (52,451) | (94,797) |
17 Reconciliation of net movements in funds to net cash flow from operating activities
| 2023 | 2022 | |||
|---|---|---|---|---|
| £ | £ | |||
| Net movement in funds | 71,974 | (260,082) | ||
| Add backdepreciation charge | 148,729 | 146,367 | ||
| Decrease (increase) in debtors | 39,553 | (46,328) | ||
| Increase (decrease) in creditors | (34,116) | 103,514 | ||
| Netcashusedinoperatingactivities | 226,140 | (56,529) |
13