REGISTERED COMPANY NUMBER: 06682658 (England and Wales) REGISTERED CHARITY NUMBER: 1138797
Report of the Trustees and
Financial Statements for the Year Ended 31 August 2022
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 2022
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | ||
| Independent Examiner's Report | 2 | ||
| Statement of Financial Activities | 3 | ||
| Balance Sheet | 4 | to | 5 |
| Notes to the Financial Statements | 6 | to | 11 |
| Detailed Statement of Financial Activities | 12 |
Bilal Education Limited
Report of the Trustees
for the Year Ended 31 August 2022
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 2022. 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
Independent Examiner
Mustafa Walji ,FFA Walji & Associates 336 Pinner Road Harrow HA1 4LB
Approved by order of the board of trustees on 10 May 2023 and signed on its behalf by:
F Hassan - Trustee
Page 1
Independent Examiner's Report to the Trustees of Bilal Education Limited
Independent examiner's report to the trustees of Bilal Education Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2022.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Mustafa Walji ,FFA
Walji & Associates 336 Pinner Road Harrow HA1 4LB
10 May 2023
Page 2
Bilal Education Limited
Statement of Financial Activities for the Year Ended 31 August 2022
| 31.8.22 | 31.8.21 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| funds | funds | ||
| Notes | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies | 38,750 | 33,206 | |
| Investment income | 2 | 5 | 1 |
| Other income | 10,000 | 484 | |
| Total | 48,755 | 33,691 | |
| EXPENDITURE ON | |||
| Charitable activities | |||
| Charitiable Activities | 23,804 | - | |
| Donations paid | 9,585 | 13,674 | |
| Other | 19,599 | 14,428 | |
| Total | 52,988 | 28,102 | |
| NET INCOME/(EXPENDITURE) | (4,233) | 5,589 | |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 230,475 | 224,886 | |
| TOTAL FUNDS CARRIED FORWARD | 226,242 | 230,475 |
The notes form part of these financial statements
Page 3
Bilal Education Limited
Balance Sheet
31 August 2022
| 31.8.22 Unrestricted funds Notes £ FIXED ASSETS Tangible assets 7 276,524 CURRENT ASSETS Debtors 8 - Cash at bank and in hand 49,054 49,054 CREDITORS Amounts falling due within one year 9 (99,336) NET CURRENT ASSETS (50,282) TOTAL ASSETS LESS CURRENT LIABILITIES 226,242 NET ASSETS 226,242 FUNDS 11 Unrestricted funds 226,242 TOTAL FUNDS 226,242 |
31.8.21 Total funds £ 274,050 1,400 53,658 55,058 (98,633) (43,575) 230,475 230,475 230,475 |
|---|---|
| 230,475 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2022 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.
The notes form part of these financial statements
continued...
Page 4
Bilal Education Limited
Balance Sheet - continued
31 August 2022
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 10 May 2023 and were signed on its behalf by:
S Mbarak - Trustee
The notes form part of these financial statements
Page 5
Bilal Education Limited
Notes to the Financial Statements for the Year Ended 31 August 2022
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.
Plant and machinery - 10% 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.
Page 6
continued...
Bilal Education Limited
Notes to the Financial Statements - continued for the Year Ended 31 August 2022
2. INVESTMENT INCOME
| 2. | INVESTMENT INCOME | ||
|---|---|---|---|
| 31.8.22 | 31.8.21 | ||
| £ | £ | ||
| Interest received | 5 | 1 | |
| 3. | NET INCOME/(EXPENDITURE) | ||
| Net income/(expenditure) is stated after charging/(crediting): | |||
| 31.8.22 | 31.8.21 | ||
| £ | £ | ||
| Depreciation - owned assets | 1,175 | 809 |
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 August 2022 nor for the year ended 31 August 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 August 2022 nor for the year ended 31 August 2021.
5. STAFF COSTS
The average monthly number of employees during the year was as follows:
| 31.8.22 | 31.8.21 | |
|---|---|---|
| Employees | 3 | 2 |
| No employees received emoluments in excess of £60,000. | ||
| COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | ||
| Unrestricted | ||
| funds | ||
| £ | ||
| INCOME AND ENDOWMENTS FROM | ||
| Donations and legacies | 33,206 | |
| Investment income | 1 | |
| Other income | 484 | |
| Total | 33,691 | |
| EXPENDITURE ON | ||
| Charitable activities | ||
| Donations paid | 13,674 | |
| Other | 14,428 | |
| Total | 28,102 |
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
continued...
Page 7
Bilal Education Limited
Notes to the Financial Statements - continued for the Year Ended 31 August 2022
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
| Unrestricted | |
|---|---|
| funds | |
| £ | |
| NET INCOME | 5,589 |
| RECONCILIATION OF FUNDS | |
| Total funds brought forward | 224,886 |
| TOTAL FUNDS CARRIED FORWARD | 230,475 |
7. TANGIBLE FIXED ASSETS
| 7. TANGIBLE FIXED ASSETS |
||
|---|---|---|
| Freehold Plant and property machinery £ £ COST At 1 September 2021 271,620 - Additions - 3,649 At 31 August 2022 271,620 3,649 DEPRECIATION At 1 September 2021 - - Charge for year - 365 At 31 August 2022 - 365 NET BOOK VALUE At 31 August 2022 271,620 3,284 At 31 August 2021 271,620 - 8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other debtors |
Fixtures and Computer fittings equipment £ £ 258 4,049 - - 258 4,049 258 1,619 - 810 258 2,429 - 1,620 - 2,430 31.8.22 £ - |
Totals £ 275,927 3,649 |
| 279,576 | ||
| 1,877 1,175 |
||
| 3,052 | ||
| 276,524 | ||
| 274,050 | ||
| 31.8.21 £ 1,400 |
continued...
Page 8
Bilal Education Limited
Notes to the Financial Statements - continued
for the Year Ended 31 August 2022
| 9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Bank loans and overdrafts (see note 10) Trade creditors Social security and other taxes 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 Unrestricted funds General fund Charitable Activities TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund TOTAL FUNDS |
31.8.22 31.8.21 £ £ 14,274 14,274 1 2 172 - 83,989 83,697 900 660 99,336 98,633 31.8.22 31.8.21 £ £ 14,274 14,274 Net movement At At 1.9.21 in funds 31.8.22 £ £ £ 244,149 (4,233) 239,916 (13,674) - (13,674) 230,475 (4,233) 226,242 230,475 (4,233) 226,242 Incoming Resources Movement resources expended in funds £ £ £ 48,755 (52,988) (4,233) 48,755 (52,988) (4,233) |
|---|---|
continued...
Page 9
Bilal Education Limited
Notes to the Financial Statements - continued for the Year Ended 31 August 2022
11. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net | ||
|---|---|---|
| movement | At | |
| At 1.9.20 | in funds | 31.8.21 |
| £ | £ | £ |
| Unrestricted funds | ||
| General fund 224,886 |
19,263 | 244,149 |
| Charitable Activities - |
(13,674) | (13,674) |
| 224,886 | 5,589 | 230,475 |
| TOTAL FUNDS 224,886 |
5,589 | 230,475 |
| Comparative net movement in funds, included in the above are as follows: | ||
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds | ||
| General fund 33,691 |
(14,428) | 19,263 |
| Charitable Activities - |
(13,674) | (13,674) |
| 33,691 | (28,102) | 5,589 |
| TOTAL FUNDS 33,691 |
(28,102) | 5,589 |
| A current year 12 months and prior year 12 months combined position is as follows: | ||
| Net | ||
| movement | At | |
| At 1.9.20 | in funds | 31.8.22 |
| £ | £ | £ |
| Unrestricted funds | ||
| General fund 224,886 |
15,030 | 239,916 |
| Charitable Activities - |
(13,674) | (13,674) |
| 224,886 | 1,356 | 226,242 |
| TOTAL FUNDS 224,886 |
1,356 | 226,242 |
continued...
Page 10
Bilal Education Limited
Notes to the Financial Statements - continued for the Year Ended 31 August 2022
11. MOVEMENT IN FUNDS - continued
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 | 82,446 | (67,416) | 15,030 |
| Charitable Activities | - | (13,674) | (13,674) |
| 82,446 | (81,090) | 1,356 | |
| TOTAL FUNDS | 82,446 | (81,090) | 1,356 |
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 August 2022.
Page 11
Bilal Education Limited
| Detailed Statement of Financial Activities | ||
|---|---|---|
| for the Year Ended 31 August 2022 | ||
| 31.8.22 | 31.8.21 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donation received | 38,750 | 33,206 |
| Investment income | ||
| Interest received | 5 | 1 |
| Other income | ||
| JRS Grant | - | 484 |
| Grant received | 10,000 | - |
| 10,000 | 484 | |
| Total incoming resources | 48,755 | 33,691 |
| EXPENDITURE | ||
| Charitable activities | ||
| Charitable activities | 33,389 | 13,674 |
| Support costs | ||
| Other | ||
| Wages | 17,400 | 9,597 |
| Admin fees | - | 3,250 |
| Accountancy fees | 900 | 660 |
| Bank charges | 124 | 111 |
| Depreciation of tangible fixed assets | 1,175 | 810 |
| 19,599 | 14,428 | |
| Total resources expended | 52,988 | 28,102 |
| Net (expenditure)/income | (4,233) | 5,589 |
This page does not form part of the statutory financial statements
Page 12