REGISTERED CHARITY NUMBER: 1139950
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2024
for
Qu'ran Academy Bristol
Sterling 67 Uppingham Road Leicester Leicestershire LE5 3TB
Qu'ran Academy Bristol Report of the Trustees for the Year Ended 31 March 2024
The trustees present their report with the financial statements of the charity for the year ended 31 March 2024. 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:
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Providing range of services that support the development and strengthening of the Organisations
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Promoting high quality standard by encouraging the formulation and implementation of good practice and procedures within Organisations
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Enabling Organization to effectively deliver appropriate, adequate and accessible services to improve the quality of life of the communities in different regions.
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Encouraging community representation on policy level decision making
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Identifying areas of unmet service needs through participatory research and information gathering
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Linking with mainstream statutory and voluntary agencies and promoting programmes to redress discrimination and create wider awareness of sociol-cultural needs of community and ways of meeting these needs
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Facilitating strategic partnership with other agencies to secure the widest range of services are available that best matches the needs of community.
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Qu'ran Academy Bristol Report of the Trustees for the Year Ended 31 March 2024
OBJECTIVES AND ACTIVITIES
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.
Qu'ran Academy concentrate on following main activities.
1) Prayer facilities
2) Children's week day classes
3) Children's weekend classes
4) Children's holiday clubs
5) Adult Courses & Events
6) Working with local community
7) Quran Tours
8) Lecture tours
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.
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.
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Qu'ran Academy Bristol Report of the Trustees for the Year Ended 31 March 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
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:
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The obligations of committee members
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The current financial position as set out in the latest published accounts.
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Future plans and objectives.
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All committee members are given job descriptions that clearly specify their roles and responsibilities
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Risk Management
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.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
1139950
Principal address
26 Abingdon Road Fishponds Bristol BS16 3NY
Trustees
Adnan Jafar Secretary /Trustee Mobin Malik President/Trustee Yasmin Khan Trustee Perveen Mahmood Trustee Nagib Khan Centre Manager
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Qu'ran Academy Bristol
Report of the Trustees for the Year Ended 31 March 2024
REFERENCE AND ADMINISTRATIVE DETAILS
Independent Examiner
B M Kotecha Sterling 67 Uppingham Road Leicester Leicestershire LE5 3TB
Approved by order of the board of trustees on 6 September 2024 and signed on its behalf by:
Adnan Jafar - Trustee
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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 2024.
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:
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accounting records were not kept in respect of the Trust as required by Section 130 of the 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 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
6 September 2024
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Qu'ran Academy Bristol
Statement of Financial Activities for the Year Ended 31 March 2024
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies 2 Other trading activities 3 Investment income 4 Total EXPENDITURE ON Raising funds 5 Other Total NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
31.3.24 Unrestricted fund £ 113,554 21,822 33,105 168,481 103,472 11,838 115,310 53,171 1,160,127 1,213,298 |
31.3.23 Total funds £ 103,511 14,145 39,583 157,239 91,029 9,918 100,947 56,292 1,103,835 1,160,127 |
|---|---|---|
The notes form part of these financial statements
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Qu'ran Academy Bristol
Balance Sheet 31 March 2024
| Notes FIXED ASSETS Tangible assets 9 CURRENT ASSETS Debtors 10 Cash at bank CREDITORS Amounts falling due within one year 11 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS Unrestricted funds TOTAL FUNDS |
31.3.24 Unrestricted fund £ 1,239,740 2,817 63,282 66,099 (92,541) (26,442) 1,213,298 1,213,298 1,213,298 1,213,298 |
31.3.23 Total funds £ 1,187,996 1,317 63,241 64,558 (92,427) (27,869) 1,160,127 1,160,127 1,160,127 1,160,127 |
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 6 September 2024 and were signed on its behalf by:
Adnan Jafar - Trustee
Mobin Malik - Trustee
The notes form part of these financial statements
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Qu'ran Academy Bristol
Notes to the Financial Statements for the Year Ended 31 March 2024
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 |
31.3.24 £ 2 113,552 113,554 |
31.3.23 £ 1 103,510 103,511 |
|---|---|---|
continued...
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Qu'ran Academy Bristol
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
3. OTHER TRADING ACTIVITIES
| Educational Classes 4. INVESTMENT INCOME Rents received Bank Interest 5. RAISING FUNDS Raising donations and legacies Staff costs Rates and water Insurance Light and heat Study material / booklets Motor and travelling Repairs and renewals General expenses Bank charges Events / Adverts / Web costs Cleaning Sundry expenses |
31.3.24 £ 21,822 31.3.24 £ 32,978 127 33,105 31.3.24 £ 74,053 3,259 3,714 6,552 258 881 9,696 1,285 795 394 800 1,785 103,472 |
31.3.23 £ 14,145 31.3.23 £ 39,440 143 39,583 31.3.23 £ 58,004 700 1,600 6,372 505 3,316 15,757 1,056 1,335 703 1,046 635 91,029 |
|---|---|---|
6. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.
continued...
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Qu'ran Academy Bristol
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
7. STAFF COSTS
The average monthly number of employees during the year was as follows:
| 31.3.24 Teachers / Centre Manager 6 No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES INCOME AND ENDOWMENTS FROM Donations and legacies Other trading activities Investment income Total EXPENDITURE ON Raising funds Other Total NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
31.3.23 3 Unrestricted fund £ 103,511 14,145 39,583 157,239 91,029 9,918 100,947 56,292 1,103,835 1,160,127 |
|---|---|
8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
continued...
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Qu'ran Academy Bristol
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
9. TANGIBLE FIXED ASSETS
| Improvements Fixtures Freehold to and property property fittings £ £ £ COST At 1 April 2023 998,575 176,400 50,408 Additions - 52,983 - At 31 March 2024 998,575 229,383 50,408 DEPRECIATION At 1 April 2023 - - 38,712 Charge for year - - 2,924 At 31 March 2024 - - 41,636 NET BOOK VALUE At 31 March 2024 998,575 229,383 8,772 At 31 March 2023 998,575 176,400 11,696 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 |
Computer equipment £ 3,817 1,950 5,767 2,492 265 2,757 3,010 1,325 31.3.24 £ 1,500 1,317 2,817 31.3.24 £ 79,946 2,678 1,956 7,161 800 92,541 |
Totals £ 1,229,200 54,933 1,284,133 41,204 3,189 44,393 1,239,740 1,187,996 31.3.23 £ - 1,317 1,317 31.3.23 £ 88,926 437 852 1,412 800 92,427 |
|---|---|---|
continued...
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Qu'ran Academy Bristol
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
12. LOANS
An analysis of the maturity of loans is given below:
| 31.3.24 | 31.3.23 | |
|---|---|---|
| £ | £ | |
| Amounts falling due within one year on demand: | ||
| Other loans | 79,946 | 88,926 |
13. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2024.
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.
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Qu'ran Academy Bristol
Detailed Statement of Financial Activities for the Year Ended 31 March 2024
| Detailed Statement of Financial Activities for the Year Ended 31 March 2024 |
||
|---|---|---|
| 31.3.24 | 31.3.23 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Gifts | 2 | 1 |
| Donations | 113,552 | 103,510 |
| Other trading activities | 113,554 | 103,511 |
| Educational Classes | 21,822 | 14,145 |
| Investment income | ||
| Rents received | 32,978 | 39,440 |
| Bank Interest | 127 | 143 |
| 33,105 | 39,583 | |
| Total incoming resources | 168,481 | 157,239 |
| EXPENDITURE | ||
| Raising donations and legacies | ||
| Wages | 74,053 | 58,004 |
| Rates and water | 3,259 | 700 |
| Insurance | 3,714 | 1,600 |
| Light and heat | 6,552 | 6,372 |
| Study material / booklets | 258 | 505 |
| Motor and travelling | 881 | 3,316 |
| Repairs and renewals | 9,696 | 15,757 |
| General expenses | 1,285 | 1,056 |
| Bank charges | 795 | 1,335 |
| Events / Adverts / Web costs | 394 | 703 |
| Cleaning | 800 | 1,046 |
| Sundry expenses | 1,785 | 635 |
| Other | 103,472 | 91,029 |
| Postage, Stationary &Telephone | 243 | 972 |
| Legal & Professional fees | 8,406 | 4,716 |
| Depreciation | 3,189 | 4,230 |
| 11,838 | 9,918 | |
| Total resources expended | 115,310 | 100,947 |
| Net income | 53,171 | 56,292 |
This page does not form part of the statutory financial statements
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Qu'ran Academy Bristol
Contents of the Financial Statements for the Year Ended 31 March 2024
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 4 |
| Independent Examiner's Report | 5 | ||
| Statement of Financial Activities | 6 | ||
| Balance Sheet | 7 | ||
| Notes to the Financial Statements | 8 | to | 12 |
| Detailed Statement of Financial Activities | 13 |