Al Amaan Education Trust AL-AMAAN EfLuTK*4 Tr.ST Registered Charity Number: 1136660 Financial Ststements for the year ended 31 March 2024 lift •ilT Name of Chari Al Amaan Education Trust Re stered Address: 434 Barking Road London E6 2SA Tel: bltsi 020 3514 4083 Email: alamaan¢ducationtrust hotmail.com Chari istration No. 1136660 Date Established 14th March 2010 Mana 2023-2024 ement Committee Durin Mohammed Islam Moulana Uddin Mohammed Ibrahim "4m Bank HSBC Bank Plc. 118 High Street North, East Ham, London, E6 2HX
klAAIAA-_ AL AMAAN EDUCATI N TRUST INOEPENDENT EXAMINER'S REPPORTTO THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The Ilnan¢ial slatements laid out in this report on pages 3 10 5 have prepared under the historical ¢ost convention and in accordance th the Statement of ReMMended Practtce, Accounting and Reporlinu by Chafib•s Commission issued in June 2010 and applicable Accounl'no Standards and the Charities Act 1993. Responsibilities of the Trustee& and Ihe Management ComnNttee a8 the Charws TnJstee8. you are responsible for the preparation of the accounts and that Gonsider the audit retwirements of Se¢tion 43121 olthe Charities Act 1993, this act does not apply. It is my r¢spon8ibthty to tstste that on the basi6 of procedures 8pecified in the general th'rections given by the Chaiity Comnyssione under section 43 (71 of Ihe AGt. particular matt•rn have ¢omB to my attention. iner The exanynation ofthe aocounts was carri•d out in accordan V•ith the gen¢r41 diredon gNtn by the Charits•4 CommisSityt•r. The examination indud•8. A review of Ihe accountlng Tecord8 kept by the Charfty A comparison of the accounts presented ilh th06e records made available. It inthde8 consideration of any unusual item5 of dlsclosures In the ac¢ounts. Flnaly, make explan4tion6 from you a8 Trust¢6 concerning any 8uch matterts relatlng lo Ihe accounts. The examInaon also indeS ¥¥aninalion of any tsuch matter8 of evidence relev4nt to the account of thdosures in the financial stalem?nts It indud assessment of the significanl estsmates and judgements made In the preparation of the financAal 61al•ments. and of hether the accounting pi>lldM af• appropriate to the th•ritVts circumstances consislendy applied and adequatety th$do8ed. The procedur08 undertaken do not pro¥idtr an the evidence that w0d be Tequired In an aud and consesw•nlty, I do not expr•s8 4n audrt opini on the view gSven by the acci)unts In conneclion our examinatlon no matter hal ¢omtsto our attention 11 Give8 U8 rea80nJbl• cause lo believe ththt in any materlal vn Te8pectthe rewlroments. To keep accounllng records In accordance wlth secthjn 41 olthe Act and To prepare accounts vthich accord V•ith thè •c¢ountlng racordi ind compty the accounttng r•qulrements of the Act have not been met. or 21 To thi¢h in our opinion attention should be dra%%n in order to enablè a proper und•rstandkng of th• •¢¢<ts to be reathed. In my opinion lh* financial statement 88 preparnd gfve a true and falr 7l¢w ofthe ch8thI$ slale of affalr8 88 0131•1 Marth 2024 '¥Ing that the in¢oThing ie8ourc?$ and thelr appllcallon in the year then end•d have been Pr9pe prepared vAth general threctton &iv•n by Ihe Charities Commissioner. Prepared By CWA Certmed Accountants & Buslness Advlsorn Memberfirm of IFA, AIA and ACPA Unit4, 3rd Floor, Pride Court 81>82 lle Lion Street London N19PF Oal•.' 24th January 2025
IL 01 April 2023 31 March 2024 To: Inati$ Sadaqah & Zakah Charitsble Activitie5 Rentsl Income 80,093.00 2,580.00 13,744. 10,831.00 80,093.(KI 2,580.1)0 13,744.00 10,831.00 107248.00 107,248.00 Gross Profftl(Loss): Overheads 10724&00 107,248.00 Support Costs - Rent atKI Rates support Costs - Heat, ght and Power Ippt Costs - prInng and &atlonery pport Costs . Telee and Ccynputw . Management & IAlmln - Bank Charges and Management & Admln - Gross Wages Management & Admln - Professlonal F 5,890.00 1,125.00 1,211.51 345.00 335.00 30,103.00 4,129.00 5,890.00 1,125.00 1,211.51 345.00 335.00 30,103.C#) 4,129.00 43,138.51 43,13&51 Net Profftl(Lots): 64,109.49 64,109.49
Page3of6 Al AmAan Education Trust Balance Sheet as at 31" March 2024 NOTES 2024 2023 Fixe Land and Buildin8 381,041 381,041 urr Cash ai Bank and in Hand Total Current Assets 760 Creditors.. amount falling due within one year Suiidry creth'tors )KJTh)I Net Curren¢ Assets Unrestricted Funds Restricted Funds 213.564 Qard-E-Hasana Bank Loan 91.682 168.237 386 U47 We confirm that this is a true record of our annual accounts based on all rclevant records. bills, of the Al Amaan education Trust and approve the financial statements as accui'ate accounts of the surplus of the income and also the correct stste of the affairs of the Center as at ?5-Jan-23 Approved by the M¥dnAgement Commitlee on the 24th January 2025 ¥dnd signed on ils behalf by: Mohammed T Islam Chairperson Date: 24 January 2025
AL AMAAN EDUCATION TRUST ANNUAL REPORT FROM THE TRUSTEES 9flJ ioi Hlstory, Objectlves, and Actlvitles of Al Amaan Educatlon Trust The Executive Committee is pleased to present its report and financial statements for the year ending 31st March" 2024. Al Amaan Education Trust was established on 14th March 2010 and registered as a charity with the Charity Commission on 30th June 2010. Objertlves of the Trust Iln%l The primary objectives of Al Amaan Education Trust are: D)9 l. To promote charitable initiatives by advancing the following aims ("the Objects") for the benefit of people in the UK and Bangladesh, particularly orphans and those in need: '(al' The advancement of education, training, and employment opportunities. '(bl' The relief of poverty, sickness, and distress. {c)* The promotion of good health and health education. 216916 (d). Any other purposes deemed charitsble under the laws of England and Wales, as determined by the Trustees. Structure, Governance, and Management -,8è3h The Trust operates under the regulations outlined in its Constitution and is managed by a voluntary Executive Committee. New committee members are elected at the Annual General Meeting held every two years. During the reporting year, the Executive Committee met 12 times to review the charity's activities, approve the annual report and accounts, set budgets, approve capital expenditures, and plan fundraising strategies. Additionally, discussions focused on the expansion and development of the charity's work. The Committee recognises the potential financial and operational risks to the charity and has implemented strategies to manage these effectively. Regular assessments have been conducted regarding fire safety and health and safety, while steps are being taken to address other risk areas, including governance, compliance with legal requirements, and operational matters. Achlevements and Performance TheTrustees are proud to report 14 years of active and successful operations. They are particularly delighted to announce that, after enduring significant financial challenges, the Trust has secured a new permanent location at 434 Barking Road, London E6 2SA. Given the high demand for services within the local community, the Trust is planning to expand the building to better seprfe its beneficiaries. After extensive engagement and a prolonged process with the planning authorities, the Trustees are pleased to confirm that planning permission has now been granted. Efforts are currently underway to actively raise funds to commence the construction work required for the expansion. Over the past year, the Trust has Successfully organised and delivered a diverse range of activities, including: Family counselling services, including the facilitstion of marriage ceremonies. Cultural events designed to foster relationships and partnerships between individuals of various faiths, beliefs, and cultures. Annual festival gatherings, such as the popular Eid in the Park celebration. Youth-focused initiatives, including supplementary and Arabic educational classes. - Social events for adults to promote community engagement. Prayer services and many other impactful activities. These efforts continue to strengthen the Trust's mission and positively impact the communities it serves.
Flnanc5al Revlew J MAAM Ml)AJ TAnqaA J The financial position of the charity is detailed in the accompanying Annual Accounts. Ststement of Trustees. Responslbllltles Under the law applicable to charities in England and Wales, the Trustees are required to prepare financial statements for each financial year that provide a true and fair view of the charity's financial activities during the vear, as well as its financial position at year-end. In preparing these financial statements, theTrustees are required to: l. Select suitable accounting policies and apply them consistently. 2. Make judgements and estimates that are reasonable and prudent. 3. Confirm whether applicable accounting stsndards and Statements of Recommended Practice have been followed, with any departures disclosed and explained in the financial ststements. 4. Prepare the financial ststements on a going concern basis, unless it is Inappropriate to presume that the charity will continue its operations. oiJnJlJ IVII The Trustees are also responslble for: Keeping accurate accounting records that reflect the charitvs financial position with reasonable accuracy at any time and ensuring that these records comply with the Charities Act 1993. eui Safeguarding the charivs assets and taking reasonable steps to prevent and detect fraud and other irregularities. Reserve Pollcv It is the policy of the charity to maintain unrestricted funds, which are not designated for specific purposes, at level equivalent to at least 4 months of operating expenditure. The Executive Committee considers this level of reserves sufficient to ensure that, in the event of a significant drop in funding, the charity will be able to continue its current activities while exploring additional fundraising opportunities. Al Arnaan Education Trust remains cornmitted to achieving and maintainin8 this level of reserves. 'Rlsk Factors The Trustees have conducted an assessment of the major risks to which the charity is exposed and are satisfied that appropriate systems are in place to mitigate these risks. The Executive Committee formally approved the accounts on 22nd January 2025. m9V9ifl") 1161 Mohammed Islam (Chairperson) 9V' ebglq I ylyvij Jui IT 9dY li ?.noi ¥uqnq