Charity Registration Number: 1134963 AbMADAM EDUCATIONAL TRUST ANNUAL REPORT Ilm) FINANCIAL STATEMENTS FOR THE YEAR EM)ED 31 AUGUST 2024
AL.MADANI EDUCATIONAL TRUST ANNUAL REPORT AND Fll¥ANCIAL STATEMENTS For the year I September 2023 to 31 August 2024 CO]YTENTS PAge Reference and Adn]inistrative Information Trustees. Annual Report 3to4 Independent Auditor's Report Consolidated Statement of Financial Activities Consolidated Balance Sheet Notes to the Financial Statements 8t012
AL-MADAF41 EDUCATIONAL TRUST TRUSTEES?ANNUAL REPORT or the year I September 2023 to 31 August 2024 Referenee and Administrntive InforntiOll Charity number.. 1134963 Reglstered Offe and OperationulAddress." 18 Painswick Road. Gloucestsr, GL4 6PW Independent Eyuminer H.A. Bhut£ 5 Howard Street. Gloucester, GLI 4UR Bankers Lloyds, Eastgate Street, Gloucester. GLI INU Barclays, Southgaie StreeL Gloucester, GLI INU The Trust8 serving during the year and since the year end were as follows: Mr Y Patel Mr A Randera Mr A S Patel Mr S Patel Mr A Patel Mr A A Patel MrISuty
AL-MADANI EDUCATIONAL TRUST TRUSTEES'ANNUAL REPORT (continued) For the year I September 2023 to 31 August 2024 The Board of Trustees have ple&sure in presenting The Annual Report and unaudited Financial Statements of the clwity for the year end 31 August 2024. I1 Status and Governance Al-madani Educational Trust is a registered as a chlty with the Charity Commission. The Trusteas are required to act in the best interest of the Charity and its beneficiaries. Training and Infornilon provided includes advice about the role of TnL8tees and ChaTity law. The Trustees make no personal gain from the Charitable Company. objectiv of the charity The objectives of the charity are to provide help and support for the Muslim Community in Gloucesterskn're, by the provision of services not otherwise provided by the statutory bodies. Income is applied solely towards the promotion of the objectives and no portion shall be paid or transferred directly or indirectly by way of a bonus or profit to the members. Organisational Structure The TTUStees are elected for a tenn of three years in accordance wlth the constitutio Financial Contn)Is The Trustees have overall control of the organisation's finances. The daily management of the organisation's activities is delegated to the Executive Committee. Investment powers and restrictions There are no restriclions to where funds may be invested, but policy must be agreed by the Tnte¢S and the Management Committ. Risk Management The Trustees review these risks on an ongoing basis and satisfy themselves that adequate systems and procedures are in place to manage the risks ]dtified. Where appropriate, risks are covered by the organisations, insurance. The following framework is central to ensuring aduate risk management.. Regular monitoring of major risks and development of action plans. Embedding risk idenlification and assessment within operating procedures. A clear structure of delegated authority and control. Review of key systems and procedures. In assessing risk Trustees recognise that some areas of our work require the a(xeptance and nw]agement of risk if our key objectives are to be achieved.
AL-MADANI EDUCATIONAL TRUST TRUSTEESYANNUAL REPORT (continued) For the year I September 2023 to 31 August 2024 Financial Review Reserves Policy The Board has set a Reserve of Restricted Funds quivalent to at least three-months operating costs. The reserves of £317,238 (2023 £234,218) do meet this criterion. The Trustees are of the opinion that they have guarantees of supporters to fund the running cx)sts should they be needed. Principal Funding Sources Of the £765,453 income for the year 28 % came from restricted ants, 590/0 from sthool fees and 13 % from fundraising activities, donations and other sundry income. More detail about income for the year and the Chatity's financial position at the end of the year are shown in the Financial Statements on pages 6 to 7. Incipal Expenditure Items Staff costs were £495,969 forn]ing 730/0 of expaiditure. Propety related costs amounted to 7 % of the expenditure. The valuable time given by unpaid volunteers, including Trustees, is not quantified and not included in tlll's figure. The SUTplus for the year before gains on investments amounted to £83,020. (2023 £86262). Responsibilities of the Board of Tnistees The Board of Trnstees are required to prepare Financial Ststements for each financial yvdr that give a true and fair view of the of the chatitable company as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing those Financial Statements the Trnstees are required to.. Select suitable accounting policies and then apply them consistently Make judgements and estimates that are re&sonable and prudent State whether the applicable accounting standards have been followed. subject to any material departures disclosed and explained in the financial accounts Prepare the Financial Statements on Ihe ' going concern, b&8is unless it is inappropriate to presume that the company will continue in business The trusteGs ar¢ responsible for keeping proper accowtting records which disclose with reasonable accwacy at ally tini¢ the financial px)sition of the charity and to enable them to ensure that the financial accounts comply with the Chariti&s Act 2011. Thcy are also responsible for saf¢guarding the assets of the company and hence for taking reasonable steps for th¢ prevention and detsction of fraud and other irregEdarities. This report has been prepared in accordance with the above principles in mind. Approv by the Board of TTUStees on and signed on its behalf by: MrYPat ChairMarUStee
AL-MADANI EDUCATIONAL TRUST REPORT OF THE INDEPENDENT EXAMINER TO THE TRUSTEES I report on the accounts of the Trust for the year ended 31 August 2024, which are set out on pages 6 to 12. Respective responsibilities of trustees and examiner As the chan'ty's trustees you are responsible for the preparation of the accounts. you consider that an audit is not rquired foT this year under section 144 of the Charities Act 2011('tthe Charities Act") and that an independent examination is needed. It is my responsibility to &xamine the accounts under section 145 of the Chariti&s Act, to follow procedures laid down in the general Directions given by the Charity Comrnission (under section 145(5)(b) of the Charities Act and to state whether matters have come to my attention. Basis of independenl examiners report My examination was carried out in aOrdanCe with the General Directions given by the Charity CoTnmissioners. An examination includes a review of the accounting records kept by the Trust and a compaTison of the acLounts presented with those records. It also includes the consideration of any unusual items or disdosures 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 audiL and consequently I do not express an auth"t opinion on the accounts. Indq?endenl examiners report In connection with our examinatiory no matertal matter has come to my attention which gives me cause to believe that in any material Tespect: The accounting records were kept in accordance wRth section 130 of the Charities The accounts did not accord with the accounting records" or The accounts did not comply with the applicable requirements concerning the fonn and content of Accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts ve a 'irue and fair 'view which is not a matter considered as part of an independent examination. I have come across no other matters in connection with the exarnination to wkn'ch attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. H A BHULA (FCCA) Chartered Certified Accounlant 5 Howard Street Gloucester. GLI 4UR 26 August 2025
AL-MADANI EDUCATIONAL TRUST STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AIYD EXPEIYDITURE ACCOUNT) FOR THE YEAR ENDED 31 AUGUST 2024 TOTAL TOTAL uREic[ED REsTricfED FtiNDS FUNDS FUNDS 2024 2023 Note INCOMING RESOURCES Incoming resourc£¥from generated funds Voluntary income Activities for generating funds Investment income 37,849 495.914 533,763 471491 12,434 12,434 7,180 Incoming resourcafvm chartsable 219,256 219,256 163,460 TOTAL INCOMING RESOURCES 50283 715,170 76S453 643,1 RESOURCES EXPENDED Cosl ofgeneratingfvnd% Fundraising and trading 682,433 682,433 556,869 Governanee costs TOTAL RESOURCES EXPEM)ED 682A33 682833 556069 Net movement in funds $0283 32,737 83,020 Transfer between funds Reconciliation of funds Total funds brougbt fonvard 163,883 70,335 234.218 147,956 Totsl funds carried foThaThl 214,166 103J172 317 238 234218 The Charity h&8 no recognised gains or losses other than the results for the year &s set out above. All the activities of the Charity are classed as continuing. The notes on pages 8 to 12 forn] an integral part of th&se financiaI ststements
AL-MADANI EDUCATIONAL TRUST CONSOLIDATED BALANCE SHEET AS AT 31 AUGUST 2024 Charity 2024 Charity 2023 Note FED ASSETS Tangible assets CURRENT ASSETS Debtors and prepayments Cash at and in hand 27,116 303 065 330,181 3,238 235.685 238923 LIABILITIES Creditors: amounts due within one year NET CURRENT ASSETS 317,238 234,218 IYET ASSETS 317238 234218 Fillanc by." ACCUMULATED FUNDS Unrestricted Restrict 214,166 103,072 163,883 70.335 TOTAL CHARITY FUNDS 317 234 These Financial Statements weie approved by the Board of Trustees on 26 August 2025 and were signed on its behdf by: Mr Y Patel ChairnwlTrustee The notes on pages 8 to 12 fonn an integral part of these financial statements
AL.MADANt EDUCATIONAL TRUST NOTES TO THE FINANCIAL STATEMENTS I-ACCOUNTING POLICIES The principal accounting policies. all of which have been applied consistently throughout the year, are set out below.. a) Basis of accounting The fllrancial statements have been prepared in accordance with the Charities SORP (FRSSE) Accounling and Reporting by Charities". Statement of Recommended Practice applicable to charities preparing iheir accounls in accordance with the Financial Reporting Standard for Smaller Entiti&s (the FRSSE) Ihe financial Reporting Standard for sMleT Entities. Assets and Iiabilities are initially recognised at historical cost or transaclion value Unle otherwise stated in the relevant accounting policy note(s). b) Funds accounting Funds held by the Clwity are: Unrestricted funds - these are general funds that are available for we at the Trustees, discretion in furtherance of the objectives of the Charity. Restricted fimds - these are fi]nds that can only be used for restricted pury)oses within the objects of the Chatity. Restrictions arise when specified by the donor or when funds are iaAsed for restricted purposes. Further explanation of the nature and pUrse of each fund is included in note 14 to the Financial Statements. e) Incoming SourceS Voluntary income including donalions and grants that provide core funding or are of a general nature is recognised where theTe is entiuement, certsinty of receipt and the amount can be measured with sufficient rdiability. Incoming resources from t&x claims are included in the statement of financial activities at the same time &8 the gift to which they relate. Investment income is recognised when receivable. Income from charitable activities includes some TecOlsed as earned (&s the related goods or services are proTrided) under eA)ntract. d) Resources expended Resources expended are recognised as soon as there is a legal or constructive obligation comrnÉtting the charity to the expenditure. All expenditure is accounted for on an accrual basis and been classified ulld headings that aggregate all costs related to the category. Costs of geratIng fimds are the costs of trading for fundraising purposes.
AL-MADANI EDUCATIONAL TRUST NOTES TO THE FINANCIAL STATEMENTS (eontinued) l-AccoiwfING POLICIES-(continued) d) Resources expended (coiitinued) Charitable expenditure compri5£5 those costs that are incu by the charity in the delivery of its activities and services for Its beneficiaries. It includes both costs that can be allocated directly to such activilies and those costs of an indiTect nature necessary to support them. Support costs include central functions and have been allocated to activity costs categories on a basis consistent with the use of resources, for example, allocating property costs by floor are&8. or per capity staffcosts by the time spenl and other costs by their useage. Govemance costs include those incurred in the 8overnanc£ of its assets and are primaTiIy associated with CotitUtiOnal and statutory requirements. Donated goods and volunteer serviees The Charity has not received any goods for use by the Charity itself. The value of services provided by volunteers is not incorporated into these Finanaal Statements. Taxation Al Madani is a registered ChaTity under the Charities Act 2011 and as such is exempt from taxation of its income and capital gains, T&x recovered from voluntary income received under gift aid is recogmised when the tax refund is received and is allocated lo ihe income category to which the income relates. Pension The Trust rnakes conlributions to the NEST pension schemes of eligible employees. This is a defined contribution scheme. A defined contribution plan is a pension plan under which rixed contributions are paid into a pension fimd and the Trust has no legat or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods. Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recogSed &8 a prepayment. Pension costs are allocated to activities in proportion to the related staffing costs incurTed and are wholly chargeAJ to unresiTiCted funds.
AL-MADANI EDUCATIONAL TRUST NOTES TO THE FINANCIAL STATEIVIENTS (Continued) 2-VOLUNTIlRY INCOME Volumary income for the year falls into the following categories. UNRE%niicfED RKsfwcTED TOTAL TOTAL FUNDS IJNDS 21123 Feas -Al-Ashraf Secondary .Al.Ashraf Primary -Al-Ashraf Nursery GiftAid reclaimed -Al-Ashraf Secondary .M.Ashrafprimary .Al.AshrafNursery AppeaL% andDonalions -Al-Ashraf Secondary .Al.Ashraf Prinwy .Al.Ashraf Nwsery 203,264 203264 148,844 248.&84 248ffj84 251A121 3.672 3,672 1,605 43,966 43966 56?39 34J77 14,682 34.177 Total voluntary income 37,849 495,914 533,763 472,491 3-INCOMtNG RESOURCES FROM CHARITABLE ACTIVITIES UNREsfRicfED REsfRicfED TOTAL T(yfAL 2024 21123 LocalAuthffity Grants .Al.Ashrafprimary -Al-Ashraf Nuts¢ry 26,032 26,032 192.324 192J24 156,753 Other FundRaising andsundry ineopne .Al.A8hraf Secondary .Al.Ashraf .Al.Ashraf Nwsery 900 6,707 Toial incoming resources 219256 219256 163,460 10
AL-MADAM EDUCATIONAL TRUST NOTES TO THE FtNANCIAL STATEMENTS (continued) 4-COST OF CHARITABLE ACTIVITIES The amount spent on charitable activities including support Costs is analysed between Services and proje£ts, &s follows: &condary Primary Nursery School Scbool School Total 2024 Total 2023 un$trEded Restricted Direct costs Employment costs P>ty related c(xsts 166.403 16.499 235.088 14.324 94.478 19.637 495.969 50,460 495.Y69 440,IM 50.4(AI 26,693 12,809 8.445 1.217 19,389 15.453 962 29.479 28,976 29,479 28,976 11.785 16.678 Training, ACtilties& Equipt Telephone a1 IT Insurdllce 472 4.509 1,509 2.927 1,421 3.183 3,4112 10,619 3,402 10,619 5.797 9,105 Subscription and Exam Fe£s Staiionery and Books Postag PrillÈll]g und Advertising Sundries and Cle 3.615 5,095 11.723 8,710 21,361 8.710 21,361 4,714 18,600 3.732 1284 8.062 2,191 12.614 3,475 30.162 3.475 30,162 3,118 211J70 9.486 228,(4 306.071 682,433 682.433 556.869 S-GOVERNANCE COSTS The governance costs consisted of the following direct and indirect costs: 2024 2023 Legal and professional fees Management salary cost 6-STAFF COSTS 2024 2023 Totsl emoluments paid to employees: Wages & Salaries Social Security - employers Pension 459.430 407,860 26,253 23,291 8,858 495969 440,IKJ9 No employee earned £60,000 OT more in the current or precedmg accounting year. TnteeS are not remunerated. Average number of equivalent full time employees
AL-MADANt EDUCATIONAL TRUST NOTES TO THE FJI¥ANCIAL STATElItENfs (conlinued) 7-DEBTORS 2024 23264 2023 Other debtors Prepayments and accrued income 8-CREDITORS AND ACCRUALS: amounts falling due witbin l year 2024 2023 Other creditors 8.473 9-CONSOLIDATED STATEMENT OF FIJThDS I September 2023 Transfer Incoming Outgoing between funds 31 August 2024 RESTRICTED FUNDS Al-Ashraf Secondary Al.Ashraf Primary Al-Ashraf Nursery 15.255 248,130 228,004 274,716 306,077 31,361 192,324 148,352 (31,361) 35,381 55,080 67,691 TOTAL 70J35 715,170 682833 103,072 IMIESTIUCTED FUNDS General Fund 163 $0283 214,166 TOTAL FUNDS 24218 765,453 682033 317238 10-CONTINGENT LIABILITIES At 31 August 2024 Al-madani Educational Trust had no known contingent liabilities. 11-CAPITAL COMMITMENTS 2024 2023 Capital expenditure that has been contracied for but has not been provided for in the Financial Statements NIL Capital exp&ith'ture that has been authorised by the Trustees but has not been contracted for NIL 12