Registered Charity number. 1126570 COVENTRY EDUCATION AND WELFARE TRUST REPORT AND ACCOUNTS 31stAu ust 2024 COVENTRY EDUCATION AND WELFARE TRUST FINANCIAL ACCOUNTS FOR THE YEAR ENDED 31ST AUGUST 2024 CONTENTS Administrative Information. 2to4 Trustees annual report Independent Examiners Report Statement Of Financial Activities. Balance Sheet. 8t010 Notes to the accounts COVENTRY EDUCATION AND WELFARE TRUST TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31ST AUGUST 2024 TRUSTEES: Mr Naim Ashique Mr Suleman Bhayat HEADTEACHER: Mariam Ashique ADDRESS: 643 Foleshill Road Coventy CV6 5JQ BANKERS: Barclys Bank plc HSBC Bank plc COVENTRY EDUCATION AND WELFARE TRUST TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31ST AUGUST 2024 The Irustees present their 2024 annual report and account. 1. CONSTITUTION Coventry Education and Welfare Trust {CEWT) is constituted under a trust deed dated 7 September 2008. The trust was registered as a charity on 5 November 2008 and ifs registration number is 1126570. The Trustees have legal responsibility for the operation of the Trust, and a management committee which includes one trustee is responsible for the day to day affairs of the charity. 2. OBJECTS The objects of the charity as set out in the consts'tutlon is as set out below: 1) To advance education generally through the management of Lote Tree Primary The establishment maintaining and management of t￿lIdIngS in order to fulfill the objectives set out In this clause. 2) To promote for the benefit of the inhabitants of Coventy and the surrounding area the provislon of facilrties for recreation or other leisure time occupation of indlvlduals who have need of such facilities by reason of their youlh, age, infirnity or dlsablement. financial hardship or social and economic circumstances or for the public at large In the interests of social welfare and with the object of Improvlng the condltion of life of the said inhabitants. 3) Any charitsble purposes for general benefit ol the people Ilving in the United Klngdom and in particular people living In and around Coventry, as the trustees shall from tlme to tlme deterniine. 3. ACTIVITIES AND FUTURE PLANS The trustees revlew our objectives and actlvits'es to ensure they continue to reflect our object5. The trustees in the current year have consldered the Charity Commission's general guldance on Dubllc benefit and are satisfied the charity conlinLlPS tc) provide nublic benefit. The activitifts undertaken to achleve our objectives and provide public benefit are detalled as follows. (2) ED AT NDW FARE TRUST RUSTEES ANNUAL REPORT UGUST 202 3. ACTIVITIES (Contl Coventry Musllm School ICMSI WB3 gslabllshed In 1991 lor pup113 aged 4-16 Imlxed Prlrnary and Glrl's Secondary), arter recognlzlno a growlng demand for Muslim children lo be offered secular educallon whllsl upholdlng Ihelr Is18mlc rnorals and v8lu83. Fiom the start of academlc year 2021 the school changed Il's name to Lole Tree Prlm8ry ILTPI. LTP operates predomlnantly by collecllno school fee8 from student, donations Irom Indlvlduals and fundralslng events. Durfng the year the chadty Invested1n a new portable bulldlng In order lo rneel the Increas in demand for plac8s. The Investment was finanGed wlth a private Interest free loan. Our aim Is to Instll In our chlldr8n a strong sense of Islamlc Idgnlity whSch they can be proud of, whilst provldlng them wlth th8 hlghèst standards of gducallon. We hope lo Ilnsha-Alahl produco responslble and productive, model Musllm cltk8ns who wtll confidenly ongage wlthln society end rneel the challenges of th8 future, whllst pr888nllng a posiuve image of th8ir Isl8mlc Personality. Th8 management commlttee set up a charitsbl8 tnjsl called Coventry Educallon and Welfare Trust under a trust deed dated 7 September 2008. The TNst was registered as a charfty on 5th Novembèr 2008 vAlh charity number 1126570, 4. FINANCIAL REVIEW The principal Income 8our¢es were 8tudenl fe88, nursery granl, publlc donallons and fundraising. The net surplus for the year amounted lo £11,856 and net Ilablllty al 31 August 2024 was £46,328, 5. RISK MANAGEMENT The Trust is responsible for the overseelng of the rfsks faced by the ¢hBrlty. Delalled conslderalSon$ of rlsk are delegated lo the Iruslee6 of the charlty. R16ks are Identlfled, assessed and controls established throughout the year. 11 Is recognlsed that systems can only provlde reasonable but not absolute 888uran¢e that major rlsks have been adequately managed bul is reasonable Sn relallon lo the current $5ze ol th8 charlty. Appropriate Crlmlnal Records 8ureau ICRBI checks, supported by regular revlews 8rè made ol all staff and volunteers who work wllh chlldren. Aso the Irusl888 keep under the r8vlew the flnances of tho charfty. 13) COVENTRY EDUCATION AND WELFARE TRUST TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31ST AUGUST 2024 5. STATEMENT OF TRUSTEES. RESPONSIBILITIES Charity law require the trustees to prepare financial statements for each financial year which show a true and fair view of the state of affairs of the charity and its financial activities for the period. In pr6paring those financial statements, the tnjstees are required to,. select suitable accounting policies and then apply them consistently, make judgements and estimates that are reasonable and prudent., 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 staternents on the going concern basis unless it is inappropriate to presurne that the charity will continue in operational existenc8. i ne (rusiees are responsiDie lor Keeping proper accouniing recoras ana Oisciose with reasonable accuracy at any time financial position of the charity and to enable then to ensure that the financial ststements comply with the Charities Act 2011, They are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detectlon of fraud and other irregularities. Approved by the trustees on 25 Aprll 2025and slgned on thelr behalf: (Trustee) INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF COVENTRY EDUCATION AND WELFARE TRUST I report on the accounts of the Charlty on pages 6 to 9 for the year ended 31 August 2024 which have been prepared in accordance with the Charitles Act 2011 and with the Financial Reporting Standard (FRS102), adapted to meet the needs of unincorporated organisations, as modified by the Slalement of Recommended Practice for Accounting and Reporting issued by the Charity Cornmi5sioners for England & Wales, {The SORP), under the historical cost convention and the accounting policies set out on page 8. Res ectlve Res onslbilities of Trustees and Examlner As described on page 3, the Charitys trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under s144 (2) of the Charities Act 2011 and that an independent examination is needed. l am qualrfied to undertake the examination by being a qualified member of the Institute of Chartered Accountants in England and Wales. It is my responsilbility to: al examine the accounts under section 145 of the 2011 Act., b) to follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(bl of the 2011 Act; and., c) to state whether particular matters have come to my attention. Basis of Inde endent examlnerfs re ort. My examination was carried oul in accordance with the general Directlons 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 aiven as to whp.Ihftr the ac,e,niintg nrp8ftnl a triie and fair view" And thft rfinnrt i.s limit8d In Ihn88 mattfir8 sfil out in the statement below. Inde endent examlner's statement In connection with my examlnatlon, no matter has come to my attentlon: 1 Iwhich gives me reasonable cause to believe that, In any malerlal respect, th8 requirements: to keep accounting records in accordance wllh secllon 130 of the 2011 Act, and to prepare accounts whlch accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met., or 21 to which, in my opinion, attentlon should b8 drawn In order to enab16 a proper underslandlng of the accounts to be reached. MR SALEH CHOWDHURY (FCCA) 25 Aprll 2025 COVENTRY EDUCATION AND WELFARE TRUST Statement of Financlal Activities for the Year to 31st Au ust 2024 Restricted Unrestrlcted Income funds lunds Nolo 2024 2023 Incomlng r980urces Income resources from charitable activities Income resources from generating funds 238,143 4 24,391 238,143 24.391 207,668 20,113 262.534 262,534 227,781 Resources expended Charitable activities 6 244,311 6 6,367 244,311 234.788 Govemance Costs 6,367 4,615 250,678 250,678 239,403 Net Incoming/(outyolng) resources before transfers 11,856 11,856 (11,622) (46.5621 Total funds brought forward (58,184) 158,184) Total funds carrled lonyard 46,328 46,328 58,184 {6) COVENTRY EDUCATION AND WELFARE TRUST Balance Sheet As At 31st Au ust 2024 Not• 2024 2023 Flxed Asset Buildlng 35.173 Current Assets HSBC Bank Fee Oebtors & Cash balanc 8,079 14,044 8,804 22,848 16,263 Current Llabllities Creditors & Nursery Fees TaXa￿On and Sodal Swrity Wages Loan 29,263 1.986 24.775 2,961 3,531 49.765 81,032 66.515 97,764 181,5011 158,1841 Net Assetsl Ilabllltles 46,3281 158.1841 Re resented B Unrestrf¢ted Income Fund$ 146,3281 158,1841 48,328 58,164 COVENTRY EDUCATION AND WELFARE TRUST Notes to the Accounts for the Year to 31st Au 1. Accountlng Pollcle8 The flnanclal slalemenls are pr&pared In accordance with the Slalernenl of Recommended Pracllce 'Accounllng and Reportlng by Charllle8' preparing Ihelr accounts in accordance with the Financial Reporting Standard applicable in the UK and R8public of Ireland IFRS 1021 issued on 16 July 2014 and Charities Act 2011. Exemption has been taken from preparlng a cash flow statement under 'Seclion 7 Statement of Cash Flows, as permltted by FRS 102 on the grounds that the charity qualifies as a small entity. ust 2024 (a) Voluntary income is received by way of donations and gifts and is included in full In the Slaternent of Financial Activities when received. Other Income Is accounted for on an accrual basis as far as il is prudent to do so. The value of services provlded by volunteers has not been included. Ib) Students fees are included in the Slatemenl of Financial Activities (SOFA) on accrual basis. (cl Resources expended are recognlsed in the period in whlch they are incurred. Resources expended include attributable VAT, which cannot be recovered. Since there are no restricted incoming resources the charity trustees are free to spend the funds as they deem fit in the furtherance of the charitys objectives. (d) As a registered charity the charity is generally exempt from Income and Capital Gains Tax, but not from Vit I . 11 II&LUV*Sl¢lUItI VM l ib 11 ILiu¢ieu 11 i li le Lubi Ul Ll lUJtI ILelllb iu WIIILII li lel5 Is entiled to 15 hour free nursery education. INCOMING RESOURCES FROM ACTivrriES FOR GENERATING FUNDS Unrestrlcted funds Re8￿Cted Income fvnds 2024 2023 Donations 24.391 24,391 20,113 24,391 24.391 20,113 COSTS OF CHARITABLE A TIES Unrnstrlctsd fund¥ R•strlct•d Incom• lund¥ 2024 2023 202,353 21,096 1,000 1,234 1.199 2.903 Salaries and Wages Postsge, Stationery, Pdntlng and Resources Computer Saftsyare and equipment Tralnlng costs Telephone & Intamel Insurance Cleaning & Repalr5 PE Hall Hire & Other 5¢hool activiUes Rat8S Bank charges 204.982 18,854 3,267 801 1,139 2,873 7,576 2.602 1.936 281 204.982 18,854 3,267 801 1.139 2,873 7,576 2,602 1.936 281 3,007 893 292 244,311 244,311 234 788 COVENTRY EDUCATION AND WELFARE TRUST Notes lo the Accounts for the Year to 31 st Au ust 2024 OVERNANCE COSTS Unrestrlcted funds Restrfcted Income funds 2024 2023 Subscription & DBS 6,367 6,367 4,615 6,367 6,367 4,615 PRIVATE LOANS All of the loans are unsecured and are provided interest free lo the charity. FIXED ASSETS Bulldlng Cost 1st August 2023 AplAl+inAe 35,173 Depreclatlon 1st August 2023 Charge For Year Nel Book Value al 3151 Augu812023 Nel Book Valuè al 31st August 2024 35,173 UNRESTRICTED INCOME FUNDS: Balance at 1 Septembor 2023 Balance at 31 August 2024 Incomlng Re8ourco8 Outgolng Rg8ourceJ General funds 58,184 262,534 250,678 46,328 10 RELATED PARTY TRASNACTIONS One of the trustees Is connected lo a party who Is employed by Ihe charlty and recelves a salary. Thls arrangement Is perrnltted under the terms of the Trust Deed. The salary pald Is consldered lo be In the best Snlere810l the chailly 8nd has been approved by the independent trustees. The connected Iruslee dld not partlcSpal8 Sn the declsion. maklng process related lo Ihls employment or remuneration,