MADRASA IBRAHIM
FINANCIAL STATEMENTS
FOR THE YEAR ENDING 30 JUNE 2022
CHARITY NUMBER: 1126042
ABBEY & CO ASSOCIATES 1ST FLOOR, ABBEY HOUSE 270-272 LEVER STREET BOLTON BL3 6PD
INDEPENDENT EXAMINERS' REPORT
TO THE MEMBERS OF MADRASA IBRAHIM
I have examined the financial statements for the year ended 30 June 2022 as set out on the annexed pages which have been prepared under the historical cost convention and the accounting policies set out below:
Respective responsibilities of the Trustees and Independent Examiner
The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (“the Charities Act”) and that an independent examination is needed. The charity’s gross income did not exceed £250,000 and I am qualified to undertake the examination by being a qualified member of the Institute of Financial Accountants (IFA).
Having satisfied myself that the charity is not subject to an audit under company law and is eligible for an independent examination; it is my responsibility to:
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examine the accounts under section 145 of the Charities Act 2011,
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to follow the procedures laid down in the general Directions given by the Charity Commission
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(under section 145(5)(b) of the Charities Act 2011, and
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to state whether particular matters have come to my attention.
Basis of Independent Examiner's Report
My examination was carried out in accordance with the General Directions given by the Charity Commission.
An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records.
It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as Trustees concerning any such matters.
The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts a 'true and fair' view and the report is limited to those matters set out in the statement below.
Independent Examiner's Statement
I have completed by 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:
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1) accounting records were not kept in respect of the Charity as required by section 130 of the Act; or
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2) the accounts do not accord with those records; or
3) the accounts do 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.
__________ Honorary Independent Examiner
Faruk Patel FFA FTA Abbey & Co Associates 1st Floor, Abbey House 270-272 Lever Street Bolton BL3 6PD
17th May 2024
MADRASA IBRAHIM
BALANCE SHEET AS AT 30 JUNE 2022
| FIXED ASSETS New Building (Incl Legal Fees etc….) Freehold Property Freehold Property Renovations CURRENT ASSETS Debtors & Prepayments Cash on Hand Cash at Bank CURRENT LIABILITIES Accurals & Creditors Private Loans (Qarza-e-Hasana) Net Current Assets / (Liabilities) NET ASSETS REPRESENTED BY: ACCUMULATED FUNDS Balance B/fwd 01/07/2021 Surplus for the Year Balance C/fwd 30/06/2022 |
£ 60,000.00 214,769.00 10,208.00 |
2022 £ 284,977.00 37,855.38 322,832.38 303,785.59 19,046.79 322,832.38 |
£ 60,000.00 214,769.00 10,208.00 |
2021 £ 284,977.00 18,808.59 |
|---|---|---|---|---|
| - 451.63 63,085.30 |
- 453.32 50,756.48 |
|||
| 63,536.93 | 51,209.80 | |||
| 2,981.55 22,700.00 |
201.21 32,200.00 |
|||
| 25,681.55 | 32,401.21 | |||
| 303,785.59 | ||||
| 280,193.14 23,592.45 |
||||
| 303,785.59 |
Approved by the Trustees and signed on their behalf by:
Hanif Kola
17th May 2024
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MADRASA IBRAHIM
INCOME AND EXPENDITURE STATEMENT
FOR THE YEAR ENDING 30 JUNE 2022
| INCOME Donations & Lillah Contributions Membership Fee Rental Income Government Grants Other Income LESS : EXPENSES Printing, Postage & Stationery Advertising Materials Costs Insurance Professional Fees Premises Expenses Bank Charges Honoriaium & Admin Payments Wages PAYE/NI Ramadan & Function Costs Sundry Expenses EXCESS OF INCOME OVER EXPENDITURE |
£ 33,475.11 - 10,050.00 - 2,382.00 |
2022 £ 45,907.11 26,860.32 19,046.79 |
£ 21,876.67 - 10,450.00 11,963.56 2,687.00 |
2021 £ 46,977.23 23,384.78 |
|---|---|---|---|---|
| - - 1,804.50 490.40 - 6,786.54 - 6,234.00 11,069.88 - 475.00 |
96.70 - 2,039.00 500.00 - 8,208.02 - 2,100.00 10,206.06 - 235.00 |
|||
| 23,592.45 |
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MADRASA IBRAHIM
INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDING 30 JUNE 2022
| RECEIPTS PAYMENTS £ - MEMBERS FEES NEW BUILDING - NEW BUILDING FUND PROFESSIONAL FEES ADVERTISING 33,475.11 DONATIONS & LILLAH POSTAGE AND STAT. 10,050.00 RENT EQUIPMENT COSTS - GOVERNMENT GRANTS RAMADAN & FUNCTION COSTS 2,382.00 OTHER INCOME INSURANCE BANK CHARGES SUNDRY EXPENSES PREMISES EXPENSES WAGES & PAYE/NI HONORIA & ADMIN PAYMENTS - DEBTORS & PREPAY B/FWD CREDITORS & ACCURALS B/FWD 2,981.55 CREDITORS & ACCURALS DEBTORS & PREPAY 22,700.00 LOANS (QAR. HAS.) C/FWD LOANS (QAR. HAS.) B/FWD 50,756.48 BANK BALANCE B/FWD BANK BALANCE C/FWD 453.32 CASH IN HAND B/FWD CASH IN HAND C/FWD 122,798.46 |
£ - - - - 1,804.50 - 490.40 - 475.00 6,786.54 11,069.88 6,234.00 201.21 - 32,200.00 451.63 63,085.30 |
|---|---|
| 122,798.46 |
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