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2021-03-31-accounts

REGISTERED CHARITY NUMBER: 1139950

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 March 2021

for

Qu'ran Academy Bristol

Sterling 67 Uppingham Road Leicester Leicestershire LE5 3TB

Qu'ran Academy Bristol

Contents of the Financial Statements for the Year Ended 31 March 2021

Page
Report of the Trustees 1 to 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Balance Sheet 6
Notes to the Financial Statements 7 to 10
Detailed Statement of Financial Activities 11

Qu'ran Academy Bristol

Report of the Trustees for the Year Ended 31 March 2021

The trustees present their report with the financial statements of the charity for the year ended 31 March 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

Qu'ran Academy Bristol (QAB) is a registered charity primarily established with the objective of teaching proper recitation of the Qur'an for the benefits of community.

(i) Advance the Quran teaching for the benefit of the public by facilitating educational classes, conferences, events and lecture tours.

(ii) Advance the Quran education of children who otherwise would be excluded from opportunity of learning and understanding of religious rites, rituals and texts.

(iii) To advance the education and empowering of women by providing free evening classes and seminars covering a range of social topics.

(iv) To promote equality of opportunity and good relations between persons of different racial groups.

(v) To advance the education of all aged children and for such other charitable purposes as the committee hereafter mentioned may from time to time decide.

The strategies employed to meet these objectives included the following:

Achievements and Performance

Qu'ran Academy has been serving the community since it was established in 2007. The academy has shown its achievement from its very humble beginnings teaching children from a converted garage, with help and support of community, today Qu'ran Academy is running 1 educational centre in Bristol.

Due to COVID-19 pandemic, year 2020-2021 was very quiet for Qu'ran Academy same as other organizations in the country. In normal time, Qu'ran Academy concentrate on following main activities.

9) Women's Lecture Tours

10) Women's Classes & Events

Qu'ran academy provides excellent prayer facilities to local community by organizing 5 daily prayers, Ramadhan prayers, Friday prayers etc.

Qu'ran academy organise and delivers events / courses with over 1000 people attending and benefitting. Qur'an academy also runs children clubs in holidays to focused on prayers and good manners.

Page 1

Qu'ran Academy Bristol

Report of the Trustees for the Year Ended 31 March 2021

OBJECTIVES AND ACTIVITIES

Public benefit

The Trustees have given due regard to guidance published by the charity commission on public benefit to continue its registration with the Charity Commission.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.

The Academy was constituted by a constitution formally adopted on the 10th July 2007. The aims of the Academy is to promote the authentic Qu'ran teaching to all members of the Muslim community;to provide the best Qu'ran study program for children of all ages and of different capabilities; and to promote Qu'ran studies through educational classes, conferences, activities, trips, publications, etc.

Recruitment and appointment of new trustees

Due to the nature of the organisation's objects, much of the charity work inevitably focuses upon Muslim communities. To enhance the potential pool of trustees the charity has, through networking with other diverse Muslim organisations, sought to identify individuals with skills who would be willing to become members of the organisation and use their own experience to assist the charity.

The more traditional business and community development skills are well represented on the trustee board . In an effort to maintain this broad skill mix, members of the trustee board are requested to provide a list of their skills and in the event of particular skills being lost due to retirement; individuals are approached to offer themselves for election to the trustee board to replace particular skills.

Organisational structure

The Academy has a Committee of up to 6 members who meet quarterly and are responsible for the strategic direction and policy of the charity. At present the Committee has 6 members from a variety of professional backgrounds relevant to the work of the charity.

A scheme of delegation is in place and day-to-day responsibility for the provision of the services rest with the centre manager. The committee has 4 office bearers (trustees) Chairman, Secretary General, Treasurer and Centre Manager to deal with the operational strategic matters of the organisation. The Chairman is responsible for ensuring that the charity delivers the services specified and that key performance indicators are met with close collaboration with the Centre Manager.In addition 2 full time Imams/teachers,and 2 part time teachers were employed.

Induction and training of new trustees

Most trustees are already familiar with the practical work of the charity and are offered training on various governance/ financial matters.

New trustees are briefed at the beginning of their term at the first trustee meeting held after the AGM on the working of the charity covering:

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

The trustees have conducted a review of the major risks to which the charity is exposed. Internal control risks are minimised by the implementation of procedures for authorisation of all transactions and projects. Procedures are in place to ensure compliance with health and safety of staff, volunteers, clients and visitors to the organisation.

Page 2

Qu'ran Academy Bristol

Report of the Trustees for the Year Ended 31 March 2021

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1139950

Principal address

26 Abingdon Road Fishponds Bristol BS16 3NY

Trustees

Yasmin Khan Trustee Mobin Malik President/Trustee Adnan Jafar Secretary /Trustee Mohamed Khan Treasurer /Trustee (deceased 11.5.20) Perveen Mahmood Trustee Nagib Khan Centre Manager

Independent Examiner

B M Kotecha Sterling 67 Uppingham Road Leicester Leicestershire LE5 3TB

Approved by order of the board of trustees on 27 January 2022 and signed on its behalf by:

Yasmin Khan - Trustee

Page 3

Independent Examiner's Report to the Trustees of Qu'ran Academy Bristol

Independent examiner's report to the trustees of Qu'ran Academy Bristol

I report to the charity trustees on my examination of the accounts of Qu'ran Academy Bristol (the Trust) for the year ended 31 March 2021.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.

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.

B M Kotecha Sterling 67 Uppingham Road Leicester Leicestershire LE5 3TB

Date: .............................................

Page 4

Qu'ran Academy Bristol

Statement of Financial Activities for the Year Ended 31 March 2021

31.3.21
Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
106,204
Other trading activities
3
825
Investment income
4
33,742
Total
140,771
EXPENDITURE ON
Raising funds
5
59,523
Charitable activities
Donation
-
Other
11,338
Total
70,861
NET INCOME
69,910
RECONCILIATION OF FUNDS
Total funds brought forward
925,937
TOTAL FUNDS CARRIED FORWARD
995,847		 31.3.20
Total
funds
£
179,225
18,660
27,446
225,331
76,313
1,068
18,528
95,909
129,422
796,515
925,937

The notes form part of these financial statements

Page 5

Qu'ran Academy Bristol

Balance Sheet 31 March 2021

Notes
FIXED ASSETS
Tangible assets
9
CURRENT ASSETS
Debtors
10
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
11
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS
FUNDS
Unrestricted funds
TOTAL FUNDS		 31.3.21
Unrestricted
fund
£
1,131,705
4,967
9,345
14,312
(150,170)
(135,858)
995,847
995,847
995,847
995,847		 31.3.20
Total
funds
£
1,098,706
4,955
29,079
34,034
(206,803)
(172,769)
925,937
925,937
925,937
925,937

The financial statements were approved by the Board of Trustees and authorised for issue on 27 January 2022 and were signed on its behalf by:

Yasmin Khan - Trustee

The notes form part of these financial statements

Page 6

Qu'ran Academy Bristol

Notes to the Financial Statements for the Year Ended 31 March 2021

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, 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 Charities Act 2011. 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property - not provided Fixtures and fittings - 25% on reducing balance

Taxation

The charity is exempt from 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.

2. DONATIONS AND LEGACIES

Gifts
Donations
CJRS Grants
Grants received, included in the above, are as follows:
Other grants		 31.3.21
£
(1)
87,071
19,134
106,204
31.3.21
£
19,134		 31.3.20
£
-
179,225
-
179,225
31.3.20
£
-

continued...

Page 7

Qu'ran Academy Bristol

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

3. OTHER TRADING ACTIVITIES

----- Start of picture text -----
|||| |---|---|---| |31.3.21|31.3.20| |£|£| |Educational Classes|825|18,660| |4.|INVESTMENT INCOME| |31.3.21|31.3.20| |£|£| |Rents received|33,578|27,150| |Bank Interest|164|296| |33,742|27,446| |5.|RAISING FUNDS| |Raising donations and legacies| |31.3.21|31.3.20| |£|£| |Staff costs|44,664|52,358| |Rates and water|1,957|1,611| |Insurance|2,184|2,000| |Light and heat|2,342|3,461| |Study material / booklets|1,215|2,431| |Motor and travelling|995|2,262| |Repairs and renewals|2,108|2,154| |General expenses|380|1,759| |Bank charges|1,946|2,688| |Events / Adverts / Web costs|314|3,163| |Cleaning|1,418|2,426| |59,523|76,313|

----- End of picture text -----

6. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020.

Trustees' expenses

The Trustees were reimbursed expenses of 0 (2019 - £967) during the year.

7. STAFF COSTS

The average monthly number of employees during the year was as follows:

----- Start of picture text -----
|||| |---|---|---| |31.3.21|31.3.20| |Teachers / Centre Manager|4|4|

----- End of picture text -----

No employees received emoluments in excess of £60,000.

continued...

Page 8

Qu'ran Academy Bristol

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

INCOME AND ENDOWMENTS FROM
Donations and legacies
Other trading activities
Investment income
Total
EXPENDITURE ON
Raising funds
Charitable activities
Donation
Other
Total
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
TANGIBLE FIXED ASSETS
Freehold
property
£
COST
At 1 April 2020
998,575
Additions
-
At 31 March 2021
998,575
DEPRECIATION
At 1 April 2020
-
Charge for year
-
At 31 March 2021
-
NET BOOK VALUE
At 31 March 2021
998,575
At 31 March 2020
998,575		 Improvements
to
property
£
81,400
33,000
114,400
-
-
-
114,400
81,400		 Fixtures
and
fittings
£
41,920
6,155
48,075
24,499
5,894
30,393
17,682
17,421		 Computer
equipment
£
2,796
-
2,796
1,486
262
1,748
1,048
1,310		 Unrestricted
fund
£
179,225
18,660
27,446
225,331
76,313
1,068
18,528
95,909
129,422
796,515
925,937
Totals
£
1,124,691
39,155
1,163,846
25,985
6,156
32,141
1,131,705
1,098,706

9. TANGIBLE FIXED ASSETS

continued...

Page 9

Qu'ran Academy Bristol

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Other debtors
Prepayments
11.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other loans (see note 12)
Trade creditors
Social security and other taxes
Other creditors
Accrued expenses
12.
LOANS
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Other loans		 31.3.21
£
3,250
1,717
4,967
31.3.21
£
142,999
1,736
546
4,089
800
150,170
31.3.21
£
142,999		 31.3.20
£
3,250
1,705
4,955
31.3.20
£
200,399
3,636
564
1,144
1,060
206,803
31.3.20
£
200,399

13. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2021.

14. OTHER LOANS

These are short term loans from the members and well-wishers, and are interest free and repayable on demand. These were advanced to the Academy to facilitate the purchase of the functional properties.

Page 10

Qu'ran Academy Bristol

Detailed Statement of Financial Activities for the Year Ended 31 March 2021

Detailed Statement of Financial Activities
for the Year Ended 31 March 2021
31.3.21 31.3.20
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Gifts (1) -
Donations 87,071 179,225
CJRS Grants 19,134 -
Other trading activities 106,204 179,225
Educational Classes 825 18,660
Investment income
Rents received 33,578 27,150
Bank Interest 164 296
33,742 27,446
Total incoming resources 140,771 225,331
EXPENDITURE
Raising donations and legacies
Wages 44,664 52,358
Rates and water 1,957 1,611
Insurance 2,184 2,000
Light and heat 2,342 3,461
Study material / booklets 1,215 2,431
Motor and travelling 995 2,262
Repairs and renewals 2,108 2,154
General expenses 380 1,759
Bank charges 1,946 2,688
Events / Adverts / Web costs 314 3,163
Cleaning 1,418 2,426
Charitable activities 59,523 76,313
Donations - 1,068
Other
Postage, Stationary &Telephone 617 2,249
Legal & Professional fees 4,565 10,437
Depreciation 6,156 5,842
11,338 18,528
Total resources expended 70,861 95,909
Net income 69,910 129,422

This page does not form part of the statutory financial statements

Page 11