REGISTERED COMPANY NUMBER: 06682658 (England and Wales) REGISTERED CHARITY NUMBER: 1138797
Report of the Trustees and
Financial Statements for the Year Ended 31 August 2021
for
Bilal Education Limited
Walji & Associates 336 Pinner Road Harrow HA1 4LB
Bilal Education Limited
Contents of the Financial Statements for the Year Ended 31 August 2021
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | ||
| Statement of Financial Activities | 2 | ||
| Balance Sheet | 3 | ||
| Notes to the Financial Statements | 4 | to | 9 |
| Detailed Statement of Financial Activities | 10 |
Bilal Education Limited
Report of the Trustees
for the Year Ended 31 August 2021
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 August 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES Objectives and aims
Our aims
relief of poverty and famine, the safeguarding of health and for the advancement of education.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
06682658 (England and Wales)
Registered Charity number
1138797
Registered office
37 Meadgate Avenue Woodford Green Essex IG8 8DR
Trustees
S Mbarak B Hamdan Osman F Hassan Mrs S Jaffar (resigned 1.3.22)
Company Secretary
S Dahir
Approved by order of the board of trustees on 9 May 2022 and signed on its behalf by:
Mrs S Jaffar - Trustee
Page 1
Bilal Education Limited
Statement of Financial Activities for the Year Ended 31 August 2021
| 31.8.21 Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 33,206 Investment income 2 1 Other income 484 Total 33,691 EXPENDITURE ON Charitable activities Costs of generating voluntary income - Donations paid 13,674 Other 14,428 Total 28,102 NET INCOME 5,589 RECONCILIATION OF FUNDS Total funds brought forward 224,886 TOTAL FUNDS CARRIED FORWARD 230,475 |
31.8.20 Total funds £ 16,408 23 1,394 |
|---|---|
| 17,825 800 5,225 6,738 |
|
| 12,763 | |
| 5,062 219,824 |
|
| 224,886 |
The notes form part of these financial statements
Page 2
Bilal Education Limited
Balance Sheet
31 August 2021
| 31.8.21 Unrestricted funds Notes £ FIXED ASSETS Tangible assets 7 274,050 CURRENT ASSETS Debtors 8 1,400 Cash at bank and in hand 53,658 55,058 CREDITORS Amounts falling due within one year 9 (98,633) NET CURRENT ASSETS (43,575) TOTAL ASSETS LESS CURRENT LIABILITIES 230,475 NET ASSETS 230,475 FUNDS 11 Unrestricted funds 230,475 TOTAL FUNDS 230,475 |
31.8.20 Total funds £ 274,859 2,400 31,487 33,887 (83,860) (49,973) 224,886 224,886 224,886 224,886 |
|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2021 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 9 May 2022 and were signed on its behalf by:
S Mbarak - Trustee
The notes form part of these financial statements
Page 3
Bilal Education Limited
Notes to the Financial Statements for the Year Ended 31 August 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost Computer equipment - 20% on cost
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
continued...
Page 4
Bilal Education Limited
Notes to the Financial Statements - continued
for the Year Ended 31 August 2021
2. INVESTMENT INCOME
| 2. | INVESTMENT INCOME | ||
|---|---|---|---|
| 31.8.21 | 31.8.20 | ||
| £ | £ | ||
| Interest received | 1 | 23 | |
| 3. | NET INCOME/(EXPENDITURE) | ||
| Net income/(expenditure) is stated after charging/(crediting): | |||
| 31.8.21 | 31.8.20 | ||
| £ | £ | ||
| Depreciation - owned assets | 809 | 810 |
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 August 2021 nor for the year ended 31 August 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 August 2021 nor for the year ended 31 August 2020.
5. STAFF COSTS
The average monthly number of employees during the year was as follows:
| Employees No employees received emoluments in excess of £60,000. 6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES INCOME AND ENDOWMENTS FROM Donations and legacies Investment income Other income Total EXPENDITURE ON Charitable activities Costs of generating voluntary income Donations paid Other Total |
31.8.21 31.8.20 2 1 Unrestricted funds £ 16,408 23 1,394 17,825 800 5,225 6,738 12,763 |
31.8.21 31.8.20 2 1 Unrestricted funds £ 16,408 23 1,394 17,825 800 5,225 6,738 12,763 |
|---|---|---|
| 17,825 800 5,225 6,738 |
||
| 12,763 |
Page 5
continued...
Bilal Education Limited
| Notes to the Financial Statements- continued | Notes to the Financial Statements- continued | ||||||
|---|---|---|---|---|---|---|---|
| for the | Year Ended 31 August 2021 | ||||||
| 6. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | ||||||
| Unrestricted | |||||||
| funds | |||||||
| £ | |||||||
| NET INCOME | 5,062 | ||||||
| RECONCILIATION OF FUNDS | |||||||
| Total funds brought forward | 219,824 | ||||||
| TOTAL FUNDS CARRIED FORWARD | 224,886 | ||||||
| 7. | TANGIBLE FIXED ASSETS | ||||||
| Fixtures | |||||||
| Freehold | and | Computer | |||||
| property | fittings | equipment | Totals | ||||
| £ | £ | £ | £ | ||||
| COST | |||||||
| At 1 September 2020 and 31 August 2021 | 271,620 | 258 | 4,049 | 275,927 | |||
| DEPRECIATION | |||||||
| At 1 September 2020 | - | 258 | 810 | 1,068 | |||
| Charge for year | - | - | 809 | 809 | |||
| At 31 August 2021 | - | 258 | 1,619 | 1,877 | |||
| NET BOOK VALUE | |||||||
| At 31 August 2021 | 271,620 | - | 2,430 | 274,050 | |||
| At 31 August 2020 | 271,620 | - | 3,239 | 274,859 | |||
| 8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE | YEAR | |||||
| 31.8.21 | 31.8.20 | ||||||
| £ | £ | ||||||
| Other debtors | 1,400 | 2,400 |
Page 6
continued...
Bilal Education Limited
Notes to the Financial Statements - continued
for the Year Ended 31 August 2021
| 9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Bank loans and overdrafts (see note 10) Trade creditors Other creditors Accrued expenses 10. LOANS An analysis of the maturity of loans is given below: Amounts falling due within one year on demand: Bank overdrafts 11. MOVEMENT IN FUNDS At 1.9.20 £ Unrestricted funds General fund 224,886 Charitable Activities - 224,886 TOTAL FUNDS 224,886 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 33,691 Charitable Activities - 33,691 TOTAL FUNDS 33,691 |
31.8.21 31.8.20 £ £ 14,274 - 2 1 83,697 83,259 660 600 98,633 83,860 31.8.21 31.8.20 £ £ 14,274 - Net movement At in funds 31.8.21 £ £ 19,263 244,149 (13,674) (13,674) 5,589 230,475 5,589 230,475 Resources Movement expended in funds £ £ (14,428) 19,263 (13,674) (13,674) (28,102) 5,589 (28,102) 5,589 |
|---|---|
continued...
Page 7
Bilal Education Limited
Notes to the Financial Statements - continued for the Year Ended 31 August 2021
11. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| At 1.9.19 £ Unrestricted funds General fund 219,824 TOTAL FUNDS 219,824 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 17,825 TOTAL FUNDS 17,825 |
Net movement At in funds 31.8.20 £ £ 5,062 224,886 5,062 224,886 Resources Movement expended in funds £ £ (12,763) 5,062 (12,763) 5,062 |
|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Charitable Activities TOTAL FUNDS |
At 1.9.19 £ 219,824 - 219,824 219,824 |
Net movement in funds £ 24,325 (13,674) 10,651 10,651 |
At 31.8.21 £ 244,149 (13,674) 230,475 230,475 |
|---|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 51,516 | (27,191) | 24,325 |
| Charitable Activities | - | (13,674) | (13,674) |
| 51,516 | (40,865) | 10,651 | |
| TOTAL FUNDS | 51,516 | (40,865) | 10,651 |
continued...
Page 8
Bilal Education Limited
Notes to the Financial Statements - continued for the Year Ended 31 August 2021
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 August 2021.
Page 9
Bilal Education Limited
Detailed Statement of Financial Activities for the Year Ended 31 August 2021
| Detailed Statement of Financial Activities for the Year Ended 31 August 2021 |
||
|---|---|---|
| 31.8.21 | 31.8.20 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donation received | 33,206 | 16,408 |
| Investment income | ||
| Interest received | 1 | 23 |
| Other income | ||
| JRS Grant | 484 | 1,394 |
| Total incoming resources | 33,691 | 17,825 |
| EXPENDITURE | ||
| Charitable activities | ||
| Charitable activities | 13,674 | 6,025 |
| Support costs | ||
| Other | ||
| Wages | 9,597 | 4,162 |
| Admin fees | 3,250 | 860 |
| Accountancy fees | 660 | 793 |
| Bank charges | 111 | 113 |
| Depreciation of tangible fixed assets | 810 | 810 |
| 14,428 | 6,738 | |
| Total resources expended | 28,102 | 12,763 |
| Net income | 5,589 | 5,062 |
This page does not form part of the statutory financial statements
Page 10