Company Limited by Guarantee No. 07167919 Registered Charity No. 1142430
BAHR ACADEMY LTD ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2021
| Trustees & Directors | Mr Muhammad Abdul Muheet | Appointed 24/02/2010 |
|---|---|---|
| Mr Saddiqur Rahman | Appointed 24/02/2010 | |
| Mr Muhammed Akram | Appointed 13/03/2017 | |
| Managing member | Mr Muhammad Abdulmuheet | 24/02/2010 |
| Registered Office | 72 Sceptre Street, Elswick, | |
| Principle place of business | Newcastle, Tyne & Wear, | |
| NE4 6PR | ||
| Independent Examiners | Newcastle Accountancy | |
| Bank | Lloyds Bank, 102 Grey | |
| Street, Newcastle, |
BAHR ACADEMY LTD
Company Limited by Guarantee No.07167919 Registered Charity No. 1142430
CONTENTS
Trustees and directors' report
Directors' responsibilities statement
Independent auditor's report
Income statement
Statement of financial position
Notes to the financial statements
BAHR ACADEMY LTD Company Limited by Guarantee No.07167919 Registered Charity No. 1142430
TRUSTEES AND DIRECTORS REPORT
FOR THE YEAR ENDED 31 JULY 2021
The Directors, who are the trustees of the charity, present their annual report and independently examined financial statements for the Year ended 31 July 2021.
Structure, Governance and Management
Bahr Academy is a school which operates as a Charity and a company limited by guarantee. It is governed by its Memorandum and Articles of Association dated 24th February 2010. It is registered as a charity with the Charity Commission.
The Board have the power to make bye laws and rules governing the affairs of the charity.
With a view to effectively govern, the Board authorises a committee of trustees to serve as the Office Bearers which includes the Chair, Vice Chair, General Secretary and the Treasurer. The Office Bearers maintain a close link with centre management to oversee the overall operation. In addition, the Board also elects sub- committees for the effective monitoring of different services and taking the lead on its behalf on matters relating to the services to ensure the best interest of the beneficiaries. The Board also, occasionally, sets up ad hoc working groups to look at specific matters and to report back.
Appointment of Directors and Trustees
The Directors, who are majority of the Trustees, are appointed by members in general meeting and are collectively known as the Board.
The Trustees who served during the year, together with any changes up to the date of approving this report are listed in the company information page.
BAHR ACADEMY LTD
Company Limited by Guarantee No.07167919 Registered Charity No. 1142430
TRUSTEES AND DIRECTORS REPORT
FOR THE YEAR ENDED 31 JULY 2021
Organisation
The Board, which must not be less than three members, administers the Charity and meets as necessary. Besides the Office Bearers and the sub-committees, the Board also, occasionally, sets up ad hoc working groups to look at specific matters and to report back.
The day to day operations of the Charity are the responsibility of the Centre Manager, to whom the Trustees delegate authority for operational matters including finance, employment and development, within the overall strategy agreed by the Board.
BAHR ACADEMY LTD Company Limited by Guarantee No.07167919 Registered Charity No. 1142430
TRUSTEES AND DIRECTORS REPORT
FOR THE YEAR ENDED 31 JULY 2021
Risk Management
The Trustees have undertaken a review of the major risks to which the school is exposed, and systems have been established to mitigate those risks. Periodic reviews are made to ensure that the charity continues to identify and mitigate any major risk that may arise.
Student fees remain adequate to fund teaching and general administration costs. However, major financial risks facing the charity remain in connection with:
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Raising enough funds to finance building maintenance, security and continue with the expansion of facilities;
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Uncertainty about the continuing financial capacity of some of the regular funders to continue to support this work;
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The short-term nature of project funding which is in the form of donations and short-term interest free loans from individuals as opposed to bank finance. New providers of interest free loans and donations are most welcome for this purpose.
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Ramadhan fundraising campaign drive in 2021 has helped funding boost for Phase 1 and this is continuing into 2022.
BAHR ACADEMY LTD Company Limited by Guarantee No.07167919 Registered Charity No. 1142430
TRUSTEES AND DIRECTORS REPORT
FOR THE YEAR ENDED 31 JULY 2021
Our Mission & Objectives
The mission of our Academy is to create a culture that strengthens faith and values integrity above all else. We strive to inculcate in our students’ academic success and excellence combined with a sublime character, compassion towards humanity and respect for people from all walks of life.
Bahr Academy aims to:
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Promote spiritual and moral values and preserve the traditional ethos of the Academy through the beautiful Islamic teachings
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Provide a broad and balanced curriculum that meets the needs and aspirations of all students
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Promote the true Community Cohesion taught by our beloved Prophet (peace be upon him) through educational activities and extended services to educate students to become successful learners who work hard with sincerity, enjoy learning, pursue excellence and become lifelong learners achieving their full potential.
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Enable everyone to be confident individuals and recognise self-value and inner capability that interacts with others to live safely, responsibly as good citizens who see it as their moral & religious duty to make a positive contribution to society.
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Educate students with the teachings of Religion
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Provide a caring, safe and a well-ordered environment for the boys/girls to develop their educational skills and practice.
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Ensure that learning is both demanding and enjoyable.
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Teach each student to be well mannered, honest and truthful with family, friends, teachers and all others.
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Nurture every student to build a good and noble character, which encourages good morals and manners.
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To develop their nurturing by teaching them the basis of faith, worship, good character, religious knowledge and social relations, so that they will grow up to be balanced and upright individuals
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Provide adult evening and weekend classes on various subjects.
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Present language classes for BME and other groups.
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Offer homework clubs and extra school support held after school for those wanting extra one-on-one guidance and tuition.
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Meet all regulations and follow all rules and convention set by council, local authority and the public to ensure health and safety of all those associated with Bahr Academy.
BAHR ACADEMY LTD Company Limited by Guarantee No.07167919 Registered Charity No. 1142430
TRUSTEES AND DIRECTORS REPORT
FOR THE YEAR ENDED 31 JULY 2021
Ensuring our work delivers our aims and objectives
Bahr Academy is a school which endeavours to provide an education that fulfils the needs of our students. Ensuring that each student receives the attention and care needed to achieve the best results. Our Teachers take extra care in lesson preparation. Homework is consistent to ensure a balance is maintained between classroom and independent study.
We believe that faith plays a key role in the nurturing of each child; it breeds an understanding and a sense of maturity towards other faiths as well as one valuing their own faith. A sense of community and friendship is formed which aids the atmosphere of learning; it promotes confidence, resulting in the spiritual and emotional welfare re of the pupils.
The academy is strongly placed to provide a model example of education with a distinctive religious paradigm coinciding with mainstream education, a key combination lacking in modern British society.
Bahr Academy is a non-profitable institute and School founded and run by people committed to reviving a balanced way of life with a quality education that is taught in a way that is dynamic and applicable to people living in Newcastle upon Tyne and the United Kingdom as a whole.
The institute understands the need for balanced education and strives to maintain a cultural legacy, constitute a positive moral force in today's world, and how it can serve humanity at large. There is a real need for this provision of quality education that is taught in a conductive environment, thus ensuring that the future generation is successful in both the worlds.
In particular, the trustees refer to the guidance contained in the Charity Commission's general guidance on public benefit when considering how planned activities will contribute to the Charity objectives and aims.
BAHR ACADEMY LTD Company Limited by Guarantee No.07167919 Registered Charity No. 1142430
TRUSTEES AND DIRECTORS REPORT
FOR THE YEAR ENDED 31 JULY 2021
Review of progress/ Achievements
Recent years have natural growth in the number of students attending the school and the Academy seeks to manage expansion in a professional manner with the assistance of a project management consultants. Investment to provide more facilities has been substantial and funding is continuing into 2022.
Other Projects/Activities
The core service is that of teaching. The other major project remains that of the maintenance, expansion and improvement of facilities and of acquiring the funds to achieve this aim.
How our activities deliver public benefit
The key beneficiaries of our work are the communities in the catchment that we serve. our users come from the local Bangladeshi, Pakistani, Kashmiri, Turkish, Kurdish , African and the Afghanistan communities; however, the Equal Opportunities Policy that we abide by ensures that no individual is discriminated against. Our focus has been on all age groups, and both men and women. Our service users come from all over the North East of England.
The various ad-hoc projects are all designed to benefit the respective sections of the community. The academy being at the heart of the community allows the user groups and the local community to meet, discuss, consult and run cohesion activities.
Financial Review
A determined focus on balancing the books, tighter controls on costs and a review of the entire operational structure helps the organization to match income with expenditure each year
There is a healthy free reserve (unrestricted funds not designated) which could be used to cover running costs in the event of unforeseen curtailment of income in the coming year.
For Financial year end of 2021 government furlough funding has helped the running of the academy.
Plans for the next 12-24 months
The plan for the next 12-24 months is to expand the school facilities into the refurbished premises. The Academy is working hard with consultants and local planning authorities to fulfil this.
BAHR ACADEMY LTD Company Limited by Guarantee No.07167919 Registered Charity No. 1142430
DIRECTORS RESPONSIBILITIES
FOR THE YEAR ENDED 31 JULY 2021
Company law requires the Directors to prepare financial statements for each financial year which give a true and fair view of the state of the Company and of the surplus or deficit of the Company for that period. In preparing those financial statements the Directors have: -
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Selected suitable accounting policies and applied them consistently
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Made judgements and estimates that are reasonable and prudent
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Stated whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements.
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Prepared the financial statements on the going concern basis.
The Directors are responsible for keeping records which disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking steps for the prevention and detection of fraud and other irregularities.
In so far as the Directors are aware:
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There is no relevant information of which the company's independent examiners are aware; and
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The Directors have taken all steps that they ought to have taken to make themselves aware of any of relevant information and to establish that the examiners are aware of that information.
Small Company Provisions
This report has been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006.
Charity Provisions
The accounts comply with statutory requirements, the provisions of the governing document and the Statement of Recommended Practice for Charities issued March 2005.
Approved by the Board and signed on its behalf by:
Signed by a Director
Print name Muhammad Abdulmuheet
Dated 22/04/2021
BAHR ACADEMY LTD Company Limited by Guarantee No.07167919 Registered Charity No. 1142430
INDEPENDENT AUDITOR'S REPORT
FOR THE YEAR ENDED 31 JULY 2021
Independent examiner’s report to the trustees of Bahr Academy Ltd.
I report on the charity trustees on my examination of the accounts of the Company for the year ended 31 July 2021.
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
Since the Company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I a member of CIMA/ ACCA, which is one of the listed bodies.
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:
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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
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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)].
BAHR ACADEMY LTD Company Limited by Guarantee No.07167919 Registered Charity No. 1142430
INDEPENDENT AUDITOR'S REPORT
FOR THE YEAR ENDED 31 JULY 2021
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.
Name: A Bashir CIMA A Mohammed (consultant) ACCA CIMA/ ACCA Address: Newcastle Accountancy, 32 Grainger Park Rd, Newcastle upon Tyne NE4 8SA Date: 22/04/2021
BAHR ACADEMY LTD
Company Limited by Guarantee No.07167919 Registered Charity No. 1142430
INCOME STATEMENT
FOR THE YEAR ENDED 31 JULY 2021
| £ Donations & Collections School Fees Other Income LESS: EXPENDITURE CHARITABLE ACTIVITIES Education & Training Teachers Wages, Supply Teachers & Exam invigilation 142,337 Teaching Materials, Printing & Stationary 12,257 Event Cost - Other Administration Costs Rent & Rates 6,000 Utilities- Gas, Electricity & Water 1,678 Telephone 1,166 Insurance 1,865 General Maintenance & Security - Subscription 392 Depreciation 20,603 Accounting Software 1,217 Other Expenses 354 Excess (Expense)/Income Over Expenditure Less: Expenditure on Capital Projects |
2021 £ £ 133,575 150,417 18,214 302,206 114,383 2,125 154,594 160 147,612 8,400 2,631 528 1,717 1,600 550 20,247 1,049 33,275 44 114,337 |
2020 £ 58,747 80,580 23,578 |
|---|---|---|
| 162,905 116,668 |
||
| 46,237 36,766 |
||
| 9,471 | ||
| Renovation & Improvements | 17,805 | 12,629 |
| Excess of Income/ (Loss) over Expenditure during the year |
96,532 | (3,158) |
BAHR ACADEMY LTD Company Limited by Guarantee No.07167919 Registered Charity No. 1142430
STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2021
| £ TANGIBLE FIXED ASSETS Freehold Building CURRENT ASSETS Cash at Bank- Donations Account 14,044 Cash at Bank- Fees Account 11,291 Cash at Bank- Other 125,157 Less: CREDITORS: Amounts due within one year Temporary funding - Other Creditors 6,848 PAYE - NET CURRENT ASSETS (LIABILITIES) LESS: CREDITORS Amounts falling due After more than one year Loansfrom Members 390,146 |
2021 £ £ 837,287 15,395 735 38,897 150,492 40,000 6,578 - 6,848 143,644 980,931 372,086 |
2020 £ 840,085 |
|---|---|---|
| 55,027 | ||
| 46,578 8,449 848,534 |
||
| NET ASSETS | 590,785 | 476,448 |
| REPRESENTED BY: | ||
| Accumulated Fund - General & Unrestricted |
590,785 | 476,448 |
BAHR ACADEMY LTD Company Limited by Guarantee No.07167919 Registered Charity No. 1142430
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2021
Accounting policies
The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:
Basis of preparation
The financial statements have been prepared in accordance with 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 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
The financial statements are prepared in sterling, which is the functional and presentation currency of the charity. Monetary amounts in these financial statements are rounded to the nearest pound.
The charity has less than 35 employees to Year ended to 31 July 2021.
BAHR ACADEMY LTD Company Limited by Guarantee No.07167919 Registered Charity No. 1142430
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2021
Accounting policies (continued)
Cash flow Statement abbreviated
The cash flow statement has been provided as abbreviated due to being a small entity. To demonstrate the accurate flow of costs through the organisation it can be shown as below.
| 12 Months | |
|---|---|
| 01/08/2020 - | |
| 31/07/2021 | |
| Bank balance at start of year | £55,027 |
| (+) Fees Education Faculty Income | £150,417 |
| (+) Donations & other income | £151,789 |
| (-) Temporary Funding Repaid | (£40,000) |
| (-) Education Costs | |
| Staff: Teachers Wages | (£142,067) |
| Administration | (£12,257) |
| Utilities | (£12,672) |
| (-) Event costs | £0 |
| (-) Construction expenditure | (£17,805) |
| (+) Qard-e-hasana net income/ payment | £18,060 |
| Bank balance at end of year | £150,492 |
BAHR ACADEMY LTD Company Limited by Guarantee No.07167919 Registered Charity No. 1142430
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2021
Accounting policies (continued)
Tangible fixed assets
Individual fixed assets costing £1,000 or more are capitalised at cost and are depreciated over their estimated useful economic lives on a straight line basis as follows:
Freehold Building 2% per annum.
| Tangible Fixed Assets Land & Building Construction Cost |
Total |
|---|---|
| As at 31/07/2020 381,875 630,464 Renovations during the Year 17,805 |
1,012,339 17,805 |
| As at 31/07/2021 381,875 648,269 |
1,030,144 |
| Depreciation As at 31/07/2020 76,374 95,881 Charge for the Year 7,638 12,965 |
172,254 20,603 |
| As at 31/07/2021 84,011 108,846 |
192,857 |
| NBV at 31/07/2021 297,864 539,423 |
837,287 |
| NBV at 31/07/2020 305,502 534,583 |
840,085 |
BAHR ACADEMY LTD
Company Limited by Guarantee No.07167919 Registered Charity No. 1142430
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2021
Loans from Members
Loans from members represent the Qard-e-hasana (Interest free loan) which is due back to members.
For the Year ending 31 July 2021 the movement involved also some members who have converted their Qard-e-hasana amounts to donations therefore reduced the liability further.
The Qard-e-hasana amounts stands at 31 July 2021:
| July | July | July | |
|---|---|---|---|
| 2021 | 2020 | 2019 | |
| Balance | £390,146 | £372,086 | £382,525 |
| Change per year | £18,060 | (£15,580) | (£18,450) |