Charity registration number 1132039 AL- FALAH ISLAMIC EDUCATION CENTRE ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
AL- FALAH ISLAMIC EDUCATION CENTRE LEGALAND ADMINISTRATIVE INFORMATION Trustees MrAAAMiah MrA Miah Mr N H Karbani Charity number 1132039 Independent examiner Ashton & Co Accountants Limited 2 Crescent Parade Uxbridge Middlesex Uniled Kingdom UB10 OLG
AL- FALAH ISLAMIC EDUCATION CENTRE CONTENTS Page Tnjslees report Independent examinerfs report Slatemenl of financial activities Balance Sheet Notes to the financial statements 6-10
AL- FALAH ISLAMIC EDUCATION CENTRE TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2024 The trustees present their annual report and financial statements for the year ended 31 March 2024. Th8 financial stat@menls have been prepared in accordan with the accounling poli¢ies set out in note 1 to the financial statemenls and comply with tne Charity's Igoverning documenti. the Charities Act 2011 and "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102)" (affective 1 January 2019}. Objectives and activities The charills objects are to develop a pla of worship for Muslims living in and around West Drayton. The charity also organis8s and participates in community events to promote equality, diversity and good race relations and there has been no change in these during the year. Public benefit Al-Falah Islamic Education Centre meets the Charity Commissions public benefit criteria under both the advancement of education and the advancement of citizenship or community development objectives. The trustees have complied with Section 17 of the Charltles Acl 2011 with regards lo public benefit guidance issued by the Charity Commission. Thè trustees have paid due regard to guidance issu8d by the Charity Commission in deciding whal activities the charity should undertake. Achievements and perfonnance Flnanclal revlew The Charity has managed lo bring in a stable stream of donations and has kept costs at a minimum. The charity also achieved significant results in the most cost effective ways possible which is reflected by the retained funds by the charity. The funds can be used lo start new charitable projects. Future Plans AL-Falah Islamic Education Centre is a well established charity organisation supporting Muslim families across Wesl Draylon. Oui future aim includes: Continue to diversify funding streams, so that core organisalional costs are met from a range or sources Involving local residents and groups in issue and development likely to affect quality of life in the local area Developlng new projects and iniliatives Ihal meet Ihe current and emerging needs of the Muslim community Slrenglhening intemal governance structures and broadening the role and involvement of trustees 11 is the policy of the charity thal unrestricted funds which have not been designated for a specific use should be maintained al a level equivalent lo beleen three and six month's expenditure. The Iruslees consider that reserves at this level will ensure that, in the event of a Significant drop in funding, they will be able to continue the charity's current activities while consideration is given to ways in which additional funds may be raised. This lèv81 of r8sarv88 has been malnlained throughout the year. The Iruslees have assessed the major risks to which the charity is exposed. and are satisfied that systems are in place to mitigate exposure to the major risks. Structure, governance and management Th6 charity is controlled by its goveming document. a constttulion and constilules an unincorporated charity. The trustees who setved during the year and up to the date of signature ofthe financial statements were.. MrAAAMiah MrA Miah Mr N H Karbani None of the trustees has any beneficial interest in the charity.
AL- FALAH ISLAMIC EDUCATION CENTRE TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Al-Falah Islamic Education Centre was established in 2009 as unincorporated charity. The charity Currently has three trustees. The chaiity is being managed and administered by its trustees. The trustees r ort was approved by the Board ofTrustees. MrAAA Miah Trustee 30 January 2025
AL- FALAH ISLAMIC EDUCATION CENTRE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF AL- FALAH ISLAMIC EDUCATION CENTRE I report to the trtjstees on my examination of the financial statements of Al- Falah Islamic Education Centre (the charity) for the year ended 31 Mar¢h 2024. Responsibilities and basis of report As the truslees of th8 charity you are responsible for the preparation of the financial slalements in accordance with the requirements of the Charities Act 2011 (the 2011 Act). I report in respect of my examinalion of the Charity's financial slatements carried out under section 145 of the 2011 Act. In carying out my examination I have followed all the applicable Directjons given by the Charity Commission under section 145(5)(b) of the 2011 Act. Indepgndent examlnerfs Statement Since the charity's gross income exceeded £250.000 your examiner must b8 a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified lo undertake the examinalion becaus81 am a member of ACCA, which is one of the listed bodies. Your attention is dyawn to the fact that the charty has prepared financial statements in aGrdance with Accounting and R8POrting by Charities preparing their accounls in accordance with the Financial Reporting Standard applicable in Ihe UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in th8 extant regulations but has now been withdrawn. l understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. I have completed my examination. I confim that no matters have come lo my attention in Connection with the examlnalion givlng me cause to believe that In any material respect: accounting records were not kept in respect of the charily as required by section 130 of the 2011 Act., or the financial statemenls do not accord wilh those records: or Ihe financial slalements do not comply with the applicable requirements Concerning the form and content of accounts sel out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a Irue and fair view which is not a matter considered as part of an independent 8xamination. I have no ¢oncems and have Gome across no other matlers in connection with the examination lo which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. Mohammad aqib Rana FCCA Ashton & Co Accountants Limited Chartered Certified Accountanls FCCA 2 Crescent Parade Uxbridge Middlesex U810 OLG United Kingdom Dated.. 30 January 2025
AL- FALAH ISLAMIC EDUCATION CENTRE STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted funds 2024 Unrestricted funds 2023 Notss Income from: Donations and legacies 428,156 113,037 Total Income 428,156 113,037 Expenditure on., Charitable activit18S 100,190 89,034 Total expenditure 100,190 89,034 Net Income and movement in lunds 327,966 24,003 Recon¢illatlon of funds; Fund balances al 1 Aprll 2023 192,315 168,313 Fund balances at 31 March 2024 520,281 192,318 The slalement of financial activities Indud8s all gains and losses recognised in the ye8r. All income and expenditure derive from eonlinuing activities.
AL- FALAH ISLAMIC EDUCATION CENTRE BALANCE SHEET AS AT31 MARCH 2024 2024 2023 Notes Current assèts Debtors Cash al bank and in hand 167.651 540.6?0 192,316 708,281 192.316 Credltors: amounts falling due wlthin one year 11 (188.O¢JO) N8t current assets 520.281 192,316 Net assets excluding penslon liability 520.281 192.316 The funds of the charlty Unreslricled funds 520,281 192,316 520,281 192,316 The financial slalemenls were approved by the Irust8es on 30 January 2025 MrAA Trustee Miah
AL- FALAH ISLAMIC EDUCATION CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting polleies Charity information Al- Falah Islamic EduGalion Centre is an unincorporated charity. It is governed by its conslitution amended on 30 June 2015. The registered office of the Charity is 15 Vine Close, West Drayton, UB7 9HH. 1.1 Accounting convention The financial statements have been prepared in accordance with the charity'$ tgoveming documenti, the Charities Acl 2011, FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ir81and" ('FRS 102.) and the Charities SORP "Accounting and Reporting by Charities.. Slalement of Recommended Practice applicable lo charities preparing their accounls in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity 1$ a Public Benefit Entity as defined by FRS 102. The charity has taken advanlage of the provisions in the SORP for charitie5 not to prepare a Statement of Cash Flows. The financial slalements have departed from the Charities {Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Slatement of Recommended Practice for charities applying FRS 102 rather than th8 version of the Statement of Recommended Practice which is referied lo in the Regulations but which has since been withdrawn. The financial slalements are prepared in sterling, which is the functional currency of the charlly. Monetary amounts in these financial stslements are rounded to th8 nearest £. The financial statements have been prepared under the historlcal cost convention, [modlfied to include the revaluation of freehold properties and to include investment properties and c8rtain financial instwments at fair valuel. The principal accounting policies adopted are set out below. 1.2 Going concern At the lime of approving the financial slalements, the Iruslees have a reasonable expectation that the charity has adequate resources to continue in operalional existence for the foreseeable fijture. Thus the truslees continue lo adopt Ihe going concern basis of aGGounling in preparing Ihe financial statemenls. 1.3 Charitable fund$ Unrestricted funds are available for use at the discretion of the truslees in furtherance of their charitable objective3, Restricted funds are subjed to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are sel out in the notes to the financial statements. Endowmenl funds are subjecl to specific Conditions by donors that the capital must be maintained by the charity. 1.4 Income Income is recognised when the charity is legally entitled to it aftèr any performance conditions have been mét. Ihe amounts can be measured feliably. and il 15 probable Ihat income will be received. Cash donations are recognised on receipt. Olher donations are recognised once the charity has been notified of the donalion, unless performance conditions require deferral of the amount. Income lax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the lime of the donalion.
AL- FALAH ISLAMIC EDUCATION CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies (Continued) Legacies ara recognised on receipt or otheThvise if tha charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known. the legacy is treated as a ¢ontingent asset. 1.5 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party. il is probable that a transfer of economic benefits will be required in seltlemenl, and the amount of the obligation can be measured reliably. Expenditure is classified by activity- The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs altribulable to a single a¢tivily are allocated directly to that activity. Shared costs which contribute lo more Ihan one activi£y and support cosls which are not attributable to a single activity are apportioned between those activities on a basis conslstenl with the use of resources. Central staff costs are allocated on the basis of lime spenl, and depreciation charges are allocated on the portion of the asset's use. 1.6 Cash and Gash equivalents Cash and Gash equivalents include Cash in hand. deposits hekl at call wilh banks, other short-t8rm liquid investments with original maturities of thr88 months or less. and bank overdrafts. Bank overdrafts are shown within borrowings In Current liabililies. 1.7 Financlal Instruments The charily has eleded to apply the provisions of Section 11 'Basic Financial Instruments, and Sedlon 12 'Other Financial Inslrumenls Issues. of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charily's balance sheet when the charity becomes party to the contraelual provisions of the instrument. Financial assets and liabilities are offsel. with the nel amounls presented in the financlal stat8menls, when there is a legally enforceable right to set off the re¢ognised amounts and the is an intention to settle on a nel basis or to realise the asset and settle the liability simullaneously, Baslc financial assets Basic financial assets, which include debtors and cash and bank balan¢es, are Initially measured al Iransaclion price including Iransaclion costs and are subsequently ¢arried al amortised cost using the effe¢tive interest method unless the arrangement conslitules a financing Iran5aclion, where the Iransaclion is measured al the present value of the future receipts discounted at a market rale of interest. Financial assets classified as receivable within one year are not amortised. Basic flnancial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangemenl constitutes a financing Iransaclion, where the debt inslrumenl is measured al the present value of the future payments diswunled al a market rate of interest. Financial liabilities classified as payable within ona year are not amortised. Debt instrumenls are subsequently carried al amortised Gost, using the effective interesl rate method. Trade creditors are obligations lo pay for goods or seTrices thal have been affjuired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not. they are presented as non-current liabililies. Trade creditors are recognised initially at transaction price and subsequently measured al amortised cost using the effective interest method.
AL- FALAH ISLAMIC EDUCATION CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accountlng policies (Continued} Derecognition of Ilnancial liabilities Financial liabilities are derecognised when the Charity's contractual obligations expire or are discharged or cancelled. 1.8 Employee benefits The cost of any unused holiday enlitlement is recognised in the period in which the employee'5 servlces are received. Termination benefits are recognised immediatety as an expense when the charity is demonstrably Committed lo lerminale the employment of an employee or lo provide termination benefits. Crltlcal accountlng estimates and Judgements In the application of the charity's accounting policies. Ihe trustees are required lo mak@ judgements. estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and oth8r factors that are considered to be relevant. Actual results may differ from these estimates. The estimales and underlying assumptions are reviewed on an ongoing basis. Revlsions to accounting estimates are recognised in the period in which the estimate is revised where the revlsion affects only that period, or in the pariod of the revision and fvtura periods where the revision affects both current and future periods. Donatlons and lega¢les Unrestrlctèd Unre5tri¢t8d funds funds 2024 2023 Donations and gifts 428,158 113,037
AL- FALAH ISLAMIC EDUCATION CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Expenditure on charftable activities Charitable Charitsble expendlture expenditure 2024 2023 Dlrect costs Staff costs Rent Ralas Printing and publications Repairs and maintenance Utilities Donation Gèneral expense Telecommunication Computer Cost Event cost 23.634 17,981 4,154 6,726 2,779 18,371 900 430 228 2.929 22,060 54,212 17,979 6,505 163 845 4,211 2,150 134 341 2,494 100,190 89,034 Analysls by fund Unrestricted funds 100,190 89,034 Net movement in funds 2024 2023 The net movement in funds is staled after chargingl(crediling): Trustses None of the trustees {or any persons ¢onne¢ted with them) received any remuneration or benefits from the charity during Ihe year. Employees The average monlhly number of employees during the year was.. 2024 Number 2023 Number Employment costs 2024 2023 Wages and salaries 23,634 54.212 Taxation The charity is exempt from taxation on its activities because all its income is applied for Charitable purposes.
AL- FALAH ISLAMIC EDUCATION CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Debtors 2024 2023 Amounts falling due within one year: Other debtors 167,651 10 Loans and overdrafts 2024 2023 Other loans (Qard-e-Hasna) 188.000 Payable within one year 188,000 Other loans (Qard-e-Ha5na) are interest free loans givan by the local community for the development of th8 charity and are repayable on demand. 11 Credltors". amounts falling due within one year 2024 2023 Borrowings 188,000 12 UnrestriGtsd funds The unrestricted funds of the charity comprise the unexpended balances ol donations and grants which are not subject to specific conditions by donors and grantors as to how Ihey may be used. These include designated funds which have been sel aside out of unrestricted funds by the Irustees for specific purposes. At l April 2023 Incoming Resources At 31 March resources expended 2024 General funds 192,315 428,156 {100.190) 520.281 Previous y8ar: At 1 April 2022 Incoming Resources At 31 March resources expènded 2023 General funds 168,313 113,037 <89,034) 192,316 13 Related party transa¢tlons There were no disclosable related party transactions during the year (2023 - none). 10-