Registered Charity number: 1126570 COVENTRY EDUCATION AND WELFARE TRUST REPORT AND ACCOUNTS 31stAu ust 2025
COVENTRY EDUCATION AND WELFARE TRUST FINANCIAL ACCOUNTS FOR THE YEAR ENDED 31ST AUGUST 2025 CONTENTS Administrative Information. 2104 Trustees annual report Independent Examiners Report Statement Of Financial Activities. Balance Sheet. 81010 Notes lo the accounts
COVENTRY EDUCATION AND WELFARE TRUST TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31ST AUGUST 2025 TRUSTEES: Mr Nairn Ashvjue Mr Suleman Bhayal HEADTEACHER: Mariam Ashique ADDRESS: 643 Fo$hI11 Ro*J Coventy CV6 SJQ BANKERS: BardyB Bank plc HSBC Bank Flc
COVENTRY EDUCATION AND WELFARE TRUST TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31ST AUGUST 2025 The Iruslees pr&senl Ih61r 2025 annual repori and accounl, 1. CONSTITUTION Covèntry Educallon and Welfare Twsl ICEWTI Is conslllul8d under a trust deed dated T September 2008. The trust was registered as a charity on 5 Novembgr 2008 and Il's regislrab'on number is 1126570. Thg Trustees have legal responslblllty for the operation of ihe TNSI, and a management committee which includes one Iruslee is responsib1& for the day lo day affairs of the charity. 2. OBJECTS The objects of the charity as sel out in the constitution is as sel out bek)w.' 11 To advance 0dLallon generally through the management of Lote Tree Primary The establlshmenl maintalning and management of buildings in order lo fulfill the objectives sel out in this Glauso. 21 To promote for thè benefit of the inhatsnts of Coventry and the surrounding area Ihe prowsion of faCIleS for iecrealion or olhw leisure lime occupation ol individuals who have need of such facilities by reason ol their youth, age, infirmity or disablement, financial hardship or social and economlc ciicumstsnces or for tho publk al large In the interests of social welfare and wlth the oblecl of improvln9 thg condlllon of life ol the sald inhabitsnts. 31 Any eharitable purposes for gengral benefit of the people Ilvlng in the United Klngdom and in particular people INing in and around Coventry, as the Iruslees shall from lim810 lime d8t8miine. 3. ACTMTIES AND FUTURE PLANS The Irusiees our objecb'ves and activieS lo ensure Ihey continue lo reflect our objects. The Iruslees in the current year have consklered the Charlty Comrnlsslon's gonerol guld8nco on public benefit and are sausfied the ¢harity continuos lo providè public benefit. Th8 acts'vilies undertaken lo achieve our objeciivè5 and provide public benefit are detailed as folbws.
COVENTRY EDUCATION AND WELFARE TRUST TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31ST AUGUST 2025 3. ACTIVITIES Iconll Covenlry Musllm SclKol ICMSI was 8slBbllth8d In 1991 for pupil$ aged 4.16 Imixed Primary and Glrl's Secondary), af16r recognlzlng a growSng demand loi Muslim chiklren lo be oltered secular education whllsi uph01ng Ihdr Islamk morals and values. From the start ol aCade1n ar 2021 the school ch8ngod ifs name to Lole Tree PrimarylLTPI. LTP operates piedominanty by colknting le¥s slthlent, donation$ from dIVidUal$ and fundraisin9 gvoTrts. Our aim isto inslil in our childr6n a strong seTh38 ol Istsmic idenlitythlch Iheycan te yowj ol, whilst providing Ihern with Ihe high8$t slandords of educati. We hcpe lo Ilnsh&Aklhl produce rèsponsible and projudbve, mojel Muslim citlzens vthowileonfidenltyérya99 within sooety and meet the chdenges ol Ihe future, %lL¢ prgstnlng a postlfve Image ol Ihwr 15MI¢ personalty. The management commltieg sel LP a charitaN8 tnjsl calK8d Coventy Edu¢abJn aNJ Weffare Trust under a trust deed daigJ 7 September 2QO8. The Twst was leg1st¢r as a charty on 5th November 28 %lh tharity numbw 1126570. 4. FINANCIAL REVIEW The printip81 Inc* sourt•$ worts sludenl fo68, nurserywant, th)nal+Jns and fundraIn9. Tlw nel delecit lor Ihe ye8ram¢untsd to £6,863 and n81 liablmy al 31 August 2025 was £53.191. 5. RISK MANAGEMENT Th8 TNst 1$ reSpOnble for tho over6eehg ofthe rlsks faced by the Gharlty. Detsilod conslderalions ol rfsk are dgloga¢od lo Ihe Irusl$o8 dthe ¢harlly. Rhks are k1enIfl. assessgd and control$ estaNished threughwl Iho year. It Is recognl$ad Ihat system$ can (¥4y prov)dt ro8x+nabb lyjt not ablUt8 a8surnncs Ihol malor risks have boen adoqualety managed bul 1$ reasonable In relgilon lo the ¢urgnt 8ke ol Ihe tharEty. Apprcorialo Ciininal RNdS Bureau ICR81 ¢heths, 8UPPQrt8d by rogulqr rwlews are m8dg olall 51aff and YOnte¥r3 who ¥th ehlklr•n. Atso Ihe Irusleo1 keop undor tho revl8w tho flTr?nc8S of the ¢hartty.
COVENTRY EDUCATION AN ELFARE TRUST TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31ST AUGUST 2025 5. STATEMENT OF TRUSTEES. RESPONSIBILtriES Ch8Tity law wuire the Iruslees lo prepare financS81 slalements for each financial year which show a true and lair view of the slate ol affairs of the charlty and its financial activities for the perfod. In preparing those financial 8ts18ments, the trustees are required lo.. select suitable accountin9 lIcIeS and then apply them consistent. bl make judgements and estimates that are feasonable and prudent., state wheiher applicable accounting stsndards and slatements of recommended practlce have been followed. subject lo any departures disdosed and explained in the finanek?I stalern8nts.' and d) prèp>r• Ihe. fin8nei#l stat@rnents on thÈ going ¢one•m basis unless it is inappropriate to wesume that the charity will continue in operational existence. The trustees are resp)nsible for keeping proper accounting records and dis¢kJse th reasonable accuracy al any b'rne financial position of the charity and lo enable then lo ensure that the financial statements complywith the Chaiities Act 2011. They ar8 also responslble for safeguarding the assets of tho charity and hence taking reasonable steps for the prev8nlion and d8ledion ol fraud and olher irregularits8S. Approved by the Irusle88 on 19 Aprll 2026 and signed on Iholr b8half: ITIu81oel 141
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF COVENTRY EDUCATION AND WELFARE TRUST I report on the accounts ol th8 Chorily on pag8s 6 10 9 lor the year endod 31 AugLJsI 2024 which havg boon prepared in accordance with Ihe Charitie5 Acl 2011 and w41h Ihe Flnancial Reporting Sland8rd IFRS1021, adapted lo meo1 Ihe needs ol unincorporaled organisallons, as modified by the Sla10menl ol R8commendeiJ Pra¢lice lor Accounllng and Reportlng Issued by the Charlty Commissloners lor England & Wal85. (Th8 SORPI. under the hlstorlcal cost convanllon and th8 acwunllng pollcies sel out on page 8. Rès e¢tlv• Ros onslbllltlos of Trusteos and Examlner As described on page 3. the Ch8ritls Iruslees are responslble lor the preparation ol tha accounts. The charitys trustees considèr that an audit is nol re9ulred lor this year under s144121 of the Charitses Act 2011 and Ihal an independent examlnalion Is needed. l am qualrfied lo undertake the examination by being 8 qualified rnemb6r of the Inslilute of Chartered Accounlanls in EnglarKI and Wales. 11 is my fesponsilbilitylo.. al examine the accounts under secbon 145 of the 2011 Acl.. tyi io follow the wocedures iaiij down In Ihe General DlreG110Tr5 9ivviI by the Charity Commis¥ion undèr section 14515llbl of the 2011 kl.. and., ¢1 to stsle whether particular rnatters have come lo my attenuon. 8a$ls of Inde endent examlnerf$ rè ort. My examination was ¢arri8d out in accordance With the general Direcknns given by tho Charity Commission. An examination includes a review ol the accounting records kept by the charity and a comparison ol the accounts presented with those record5.11 also indudes consideration of any unusual ilerns or disdosures in th8 accounts. and seeking explanations from you as Iruslee5 concernirrfJ any such matters. The procedures undertaken do not provide 011 Ihc cMden¢¢ that would b• r•quired in an audit and eonq&qiJ8ntly no opinion Is given as to whether the acrAJunts prosenl a'true and lair view" and Ihe report is Ikmiled to those matt9rs sel out in the statement below. Inde ènden •xamlnef statomont In connection with my examinatiL. no matter has corne lo my att8nlion.' 1)which gives me reasonable cause to believe that, in any material respect, the requirèmènts.. lo keep a¢cL)unts'ng recAJrds in accordance with gection 130 of the 2011 Act, and to prepaTO a¢counts which a¢ctyd with thè aCcUntIt ro¢ords and comply wllh thg a¢¢ounllng roquirements of th8 2011 Act hav8 not been m81,. or 2110 whl¢h, In my opinion, attention should be drawn In ordei lo en8blo a proper underslandlng ol the gc¢ounls lo be r8a¢hed. MR SALEH CHOWDHURY IFCCAI Iq Aprll 2026
COVENTRY EDUCATION AND WELFARE TRUST atem nt of Flnanelal Actlvltlo$ for tho Yoar to 31 st Au u$t 2025 Restrlclgd Unrt8lrlc10d In¢omfr lund¥ lund# Not• 2025 2024 Incomlng ro$our¢o8 Incom8 resources from charflable acllvllles 257.234 18,092 257,234 18.092 2J¥J.143 24,391 Income resources from generallng funds 275.326 275,326 262.534 Resources expended Charitable a¢tivities 6 272,901 6 9,288 272,901 244,311 Govemance Cos15 9.288 6,367 282,189 282.189 250,678 Net In¢omlng/(outyolng) rnsources before transfets 16.6631 146.3281 16,8631 146,3281 11.856 Total funds brought torward 158.1841 Total lunds carrled fonvard 53.191 53.191 46,328
COVENTRY EDUCATION AND WELFARE TRUST Balanco Sho 131st A t 2025 Not• 2024 Flx•d Asy•t 37.21Q JS.173 Curr•nt Ass HSBC Bank Fe• 08btor8 &Cash bB 20.51 8.079 8.184 16.263 22.414 CuThent Llabllltl Credrtrys &NurnBry Fe45 F$depot8 40,229 520 1,847 66.515 97,764 111815 190,4011 181.5011 N•t As•• Ilabllltles $3,191 46,328 ren ISJ.1911 146.328) 53.191 46.328
COVENTRY EDUCAIION AND WILFARE TRUST Noloj to Iho Account8 for Iho Year lo 31 st Au 1. Ac¢ouniin9 Pollelo• Tho nnanclol slalonionls Hro PTopofod In eccoidanco wilh Ihe Slalernoni ol Recommonded Practice "Accounlliig and Reportliig by Cli8illle3" propailng Iheir accoun18 In aiLordanc8 Wlh Ihe Financial Rewrting Slandjrd 8ppllc8ble In Ilie UK and Republlc ol Irèland IFRS 1021 i6sued on 16 July 2014 and Charities Act 2011. Exompllon has be8n taken from preparlng a cash IIDW slatptneni under'seciion 7 Stslemenl ol Cash Flows, as pennllled by FRS 102 on the grounds Ihal Ihe charily qUBllfi85 a5 9 small enlily. ust 2025 lal Volunlary Incom& 18 recglved by way of donalions and gllts and Is included in full In tho Slalemonl ol FlnonGlal AGlivlllv& when r8ceiv6d. vihor Incom8 Is accounted for on an accnjal basis a$ lar as il is pnjdent to do so. Th• value o18ervlces provlded by volunieers has not b68n included. Ibl StudeTrls lees ar• Includ•d (Th th8 Staiemènl ol FlTranclal Activities ISOFAI on accrual baJl5. Icl Resources expanded Arg recognlsed In the period in whlch they are Incurred. Resources expended includ8 atlribulabla VAT, thlch cannot be recovered. Since there are no r8Stricted Incoming resources Ihe chartty trustses ara free to SP9nd the lund5 as Ihgy deem fit in th& futherance of the charivs objeclives. Idl As a rogistered charity the charity is oen8rally exempl from Income and Capital Gains Tax, bul not from VAT. Irrgcoverabla VAT is included in the cost of those items lo vthich it relates. lel Dablor5 and crèditors DebtOTS and creditors with no staled In10re51 rale ané receivable or payable wlhin onè year are corded at Irar¢sa¢lion price. Any losses arising frorn impairmonl are recognis9d in expendllure. IQ Provislon$ Provl$B)Ths ar6 rè¢ognised the charity ha$ an obligation al the balanc8 sheet dale as a result ol a past event,1115 probabl• that an outftow ol economlc b$neflls 11 be requlred In settlement and tho amount can be roliabty eslirnated. Igl Golng con¢gm The trustees havé a3s8ssed the charfty's abllity lo contlnue as a golng concem In accordBn¢e wllh Ihe r8quirem8nls of FRS 102 and thè Charities SORP. At the balance sho01 dale, the charity has nel liabl11e8 and has Incurred a deflcll durln9 the year. The charfly is dependenl on continued financial support from loans and luluro lundralslng activilles. Th8 axlsling loans are unsecured 8nd ar& not subl&¢l lo fixed repaymenl10rrns.' how8vér. Ihay r&mAln r8payabl8 on d•rnand. The Iruslees hav0 indicated that they do not expect the lenders lo request repaym8nl wthln the forfjseeable lulure. In addition. the trustees have developed plans lo gonerale addillonal income through donallons and lundolsln9 Inllalives to 8ddMs the ¢urTent deficit poslllon. Nolwllhstandlt)g Iheso mitigatln9 factors. the PStene* of net Ilabilities, ongolng defldts. and rellanco on exlemal lundlng Indlcal6 the presence ol a material uncertalnty whlch may cast slgnificanl doubl on the challty's ablllly lo cts)Ilnu8 as 8 going evncem. The flnan¢l¥l s18lemonts do not include any adlustmenls thalwould rèsult ilth6 ¢hari¢y werè unable lo continue as a golng concem. The Iruslags beliève that il remains aDprcJr>riAle to proparo Ihg financial 818lemenl$ on 8 golng concern ba$is. ha9 regard lo the support availab18 and the planned lundralsing Èdlvities. 2. D¢proclalion Policy FIx0d assets are dèprecialed 10Yo per annurn.
COVENT ION AND WELFARE TR ST Noloo ounl l(Ji Ihe Yoar lo 3111 Au ust 2025 ES UR FRO LEAC Unr••lrtcl•d htsnd• R••lrlct•d Incom• lundi 2025 2024 Sludenl F905 EllrfYYrs Grant & Nursery Fee$ 131,596 125,626 257,234 131.59 125.636 257.234 121.282 116.681 258.143 Tho chadty ro¢dve8 grant liom Cov8ntyCounclldue lo the thILkare wows pro%id6d from Ihe age 3-5. Underlhe govemmenl initwtwe overychlld beMn th04e of Mls enuled lo 15 hour Ireo nrry knabon. INC ING URC OM ORG TING F Uthr•$irf¢t•d fvnds IDMm•funth 2025 2024 1B.0¥2 18,092 24.391 16.092 18.092 24.391 COSTS OF HARITABLE ACT UnMldct•d funds R•slrfct•d kncmfunth 2025 2024 salari and Wages Postage, Stab"onery. Prinung and Rr¢ Compuiersoftwwo and equlpmenl Trdhiiny costs Tdephone & htsmel Inwran Cknaning & Repairs PE Hall Hir8 & Other school a¢tfviti88 Rale5 Bank charg88 DUpreall0 234.929 28,020 3,332 47 971 2,475 1.399 234,929 26,020 3,332 47 971 2,475 1,399 204,982 18.854 3,267 801 1,139 2,873 7,576 2.602 1,936 281 727 263 3,517 727 263 3,517 272,9D1 272,1 244.311
COVENTRY EDUCATION AND IVELFARE TRUST 810 h¢ Accounts lor the Year to 31 st Au ust 2025 Unr••trlctod fund• Re•trl¢l•d Incom• lund• 202S 2024 Subscrfptlon & DBS 9.288 9.288 6.367 9,288 9,288 6,367 PRNATE LOANS AJI of the loans arè uTrsecured and are provlded illleresl Iro8 lo the charity. FIXED ASSETS Buildlng Cost 1st August 2024 Additions 35.173 5.554 40,727 D*pr•Glatlon 1st August 2024 Charge For Year 4,517 -3,517 N81 Book Value al 31$lAugu5t2024 Nel Book Value o131$tAugusl 2025 35,173 37.210 UNRESTRIC OME FUNDS. Balanco at 1 septeMr 2024 Balance al 31 Au9USt 2025 In¢omlng R•$ourc•$ Outgolng Re•our¢e$ Ggiiuiiil luritjb 40,328 275,326 2B2,189 53,191 10 RELATED PARTY TRASNACTIONS On8 ol the trustee$ is connected lo a party who Is ¢MOyed by the charlty and recelves a saLgry. Thls arrangement 1$ pemiitted underthe term5 01 the Tru51 Deed. The salary pald Is consldered lo be in the best Interest ol th& eharity and has been approved by tho independent trusle&$. The conne¢tsd trustee did not parucipate In the de¢lskJn- maklng w¢Kess relat to this ernonent or remunaration. 1101