## **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:
- examine the accounts under section 145 of the Charities Act 2011,
- to follow the procedures laid down in the general Directions given by the Charity Commission
- (under section 145(5)(b) of the Charities Act 2011, and
- 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:
- 1) accounting records were not kept in respect of the Charity as required by section 130 of the Act; or
- 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
**2**
## **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**|
**3**
## **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**|
**4**