REGISTERED COMPANY NUMBER: 06682658 (England and Wales) REGISTERED CHARITY NUMBER: 1138797
Report of the Trustees and
Financial Statements for the Year Ended 31 August 2023
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 2023
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | ||
| Independent Examiner's Report | 2 | ||
| Statement of Financial Activities | 3 | ||
| Balance Sheet | 4 | ||
| Notes to the Financial Statements | 5 | to | 9 |
| Detailed Statement of Financial Activities | 10 |
Bilal Education Limited
Report of the Trustees
for the Year Ended 31 August 2023
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 2023. 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
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 21 May 2024 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 2023.
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
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the accounts do not accord with those records; or
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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
21 May 2024
Page 2
Bilal Education Limited
Statement of Financial Activities for the Year Ended 31 August 2023
| 31.8.23 Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 27,865 Investment income 2 191 Other income - Total 28,056 EXPENDITURE ON Charitable activities Charitiable Activities 25,245 Donations paid 10,191 Other 1,000 Total 36,436 NET INCOME/(EXPENDITURE) (8,380) RECONCILIATION OF FUNDS Total funds brought forward 226,242 TOTAL FUNDS CARRIED FORWARD 217,862 |
31.8.22 Total funds £ 38,750 5 10,000 48,755 23,804 9,585 19,599 52,988 (4,233) 230,475 226,242 |
|---|---|
The notes form part of these financial statements
Page 3
Bilal Education Limited
Balance Sheet
31 August 2023
| 31.8.23 Unrestricted funds Notes £ FIXED ASSETS Tangible assets 7 275,349 CURRENT ASSETS Cash at bank and in hand 42,613 CREDITORS Amounts falling due within one year 8 (100,100) NET CURRENT ASSETS (57,487) TOTAL ASSETS LESS CURRENT LIABILITIES 217,862 NET ASSETS 217,862 FUNDS 10 Unrestricted funds 217,862 TOTAL FUNDS 217,862 |
31.8.22 Total funds £ 276,524 49,054 (99,336) (50,282) 226,242 226,242 226,242 226,242 |
|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(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 21 May 2024 and were signed on its behalf by:
S Mbarak - Trustee
The notes form part of these financial statements
Page 4
Bilal Education Limited
Notes to the Financial Statements for the Year Ended 31 August 2023
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 5
continued...
Bilal Education Limited
Notes to the Financial Statements - continued
for the Year Ended 31 August 2023
2. INVESTMENT INCOME
| 2. | INVESTMENT INCOME | ||
|---|---|---|---|
| 31.8.23 | 31.8.22 | ||
| £ | £ | ||
| Interest received | 191 | 5 | |
| 3. | NET INCOME/(EXPENDITURE) | ||
| Net income/(expenditure) is stated after charging/(crediting): | |||
| 31.8.23 | 31.8.22 | ||
| £ | £ | ||
| Depreciation - owned assets | 1,175 | 1,175 |
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 August 2023 nor for the year ended 31 August 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 August 2023 nor for the year ended 31 August 2022.
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 Charitiable Activities Donations paid Other Total |
31.8.23 31.8.22 2 3 Unrestricted funds £ 38,750 5 10,000 48,755 23,804 9,585 19,599 52,988 |
31.8.23 31.8.22 2 3 Unrestricted funds £ 38,750 5 10,000 48,755 23,804 9,585 19,599 52,988 |
|---|---|---|
| 48,755 | ||
| 23,804 9,585 19,599 |
||
| 52,988 |
Page 6
continued...
Bilal Education Limited
Notes to the Financial Statements - continued for the Year Ended 31 August 2023
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
| Unrestricted | |
|---|---|
| funds | |
| £ | |
| NET INCOME/(EXPENDITURE) | (4,233) |
| RECONCILIATION OF FUNDS | |
| Total funds brought forward | 230,475 |
| TOTAL FUNDS CARRIED FORWARD | 226,242 |
7. TANGIBLE FIXED ASSETS
| TANGIBLE FIXED ASSETS | ||
|---|---|---|
| Fixtures Freehold Plant and and property machinery fittings £ £ £ COST At 1 September 2022 and 31 August 2023 271,620 3,649 258 DEPRECIATION At 1 September 2022 - 365 258 Charge for year - 365 - At 31 August 2023 - 730 258 NET BOOK VALUE At 31 August 2023 271,620 2,919 - At 31 August 2022 271,620 3,284 - CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Bank loans and overdrafts (see note 9) Trade creditors Social security and other taxes Other creditors Accrued expenses |
Computer equipment £ 4,049 2,429 810 3,239 810 1,620 31.8.23 £ 14,274 2 225 84,599 1,000 100,100 |
Totals £ 279,576 |
| 3,052 1,175 |
||
| 4,227 | ||
| 275,349 | ||
| 276,524 | ||
| 31.8.22 £ 14,274 1 172 83,989 900 |
||
| 99,336 |
8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
continued...
Page 7
Bilal Education Limited
Notes to the Financial Statements - continued for the Year Ended 31 August 2023
9. LOANS
An analysis of the maturity of loans is given below:
| Amounts falling due within one year on demand: Bank overdrafts 10. 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 Comparatives for movement in funds Unrestricted funds General fund Charitable Activities TOTAL FUNDS |
At 1.9.22 £ 239,916 (13,674) 226,242 226,242 Incoming resources £ 28,056 28,056 At 1.9.21 £ 244,149 (13,674) 230,475 230,475 |
31.8.23 31.8.22 £ £ 14,274 14,274 Net movement At in funds 31.8.23 £ £ (8,380) 231,536 - (13,674) (8,380) 217,862 (8,380) 217,862 Resources Movement expended in funds £ £ (36,436) (8,380) (36,436) (8,380) Net movement At in funds 31.8.22 £ £ (4,233) 239,916 - (13,674) (4,233) 226,242 (4,233) 226,242 |
|---|---|---|
continued...
Page 8
Bilal Education Limited
Notes to the Financial Statements - continued for the Year Ended 31 August 2023
10. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 48,755 | (52,988) | (4,233) |
| TOTAL FUNDS | 48,755 | (52,988) | (4,233) |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Charitable Activities TOTAL FUNDS |
At 1.9.21 £ 244,149 (13,674) 230,475 230,475 |
Net movement in funds £ (12,613) - (12,613) (12,613) |
At 31.8.23 £ 231,536 (13,674) 217,862 217,862 |
|---|---|---|---|
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 | 76,811 | (89,424) | (12,613) | |
| TOTAL FUNDS | 76,811 | (89,424) | (12,613) | |
| 11. | RELATED PARTY DISCLOSURES |
There were no related party transactions for the year ended 31 August 2023.
Page 9
Bilal Education Limited
Detailed Statement of Financial Activities for the Year Ended 31 August 2023
| Detailed Statement of Financial Activities for the Year Ended 31 August 2023 |
||
|---|---|---|
| 31.8.23 | 31.8.22 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donation received | 27,865 | 38,750 |
| Investment income | ||
| Interest received | 191 | 5 |
| Other income | ||
| Grant received | - | 10,000 |
| Total incoming resources | 28,056 | 48,755 |
| EXPENDITURE | ||
| Charitable activities | ||
| Charitable activities | 10,191 | 33,389 |
| Support costs | ||
| Other | ||
| Wages | 23,941 | 17,400 |
| Accountancy fees | 1,000 | 900 |
| Bank charges | 129 | 124 |
| Plant and machinery | 365 | 365 |
| Computer equipment | 810 | 810 |
| 26,245 | 19,599 | |
| Total resources expended | 36,436 | 52,988 |
| Net expenditure | (8,380) | (4,233) |
This page does not form part of the statutory financial statements
Page 10