7905865
CHARITY REGISTERED NUMBER:1147306
AL FALAAH LEARNING CENTRE LIMITED
DIRECTORS' AND TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2022
ABU & ABU
CHARTERED CERTIFIED ACCOUNTANTS ABU NOWSHED CENTRE 71 WORDSWORTH ROAD SMALL HEATH, BIRMINGHAM B10 0ED WEST MIDLANDS
AL FALAAH LEARNING CENTRE LIMITED
LEGAL AND ADMINISTRATIVE INFORMATION
| Company Number: | 7905865 |
|---|---|
| Registered Charity Number: | 1147306 |
| Chairman: | MOHAMMED FAKHRUDDIN SADHIQ |
| Directors: | Mohammed Fakhruddin Sadhiq |
| Zakia Begum | |
| Mohammed Somir Uddin | |
| Trustees: | Mohammed Fakhruddin Sadhiq |
| Zakia Begum | |
| Mohammed Somir Uddin | |
| Registered Office: | 3 Braithwaite Road |
| Sparkbrook | |
| Birmingham | |
| West Midlands | |
| B11 1LB | |
| Accountants: | Abu & Abu |
| Chartered Certified Accountants | |
| Abu Nowshed Centre | |
| 71 Wordsworth Road | |
| Small Heath, Birmingham | |
| B10 0ED | |
| West Midlands | |
| Bankers: | Barclays Bank PLC |
AL FALAAH LEARNING CENTRE LIMITED
FOR THE YEAR ENDED 31 JANUARY 2022
CONTENTS
| Page | |
|---|---|
| Charity - Trustees Report | 1 |
| Independent Examiner's Report | 3 |
| Balance sheet | 4 |
| Statement of financial activities | 6 |
| Schedule of funds | 7 |
| Notes | 8 |
AL FALAAH LEARNING CENTRE LIMITED
DIRECTORS' AND TRUSTEES' REPORT
FOR THE YEAR ENDED 31 JANUARY 2022
The Companies Act, submit their annual report and the unaudited financial statements for the year ended 31 January 2022. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" issued in 2005 in preparing the annual report and financial statements of the charity.
Structure, Governance and Management
Objectives and activities
The principal activity of the company continues to be that of a Charity.
Financial review
Trustees' responsibilities in relation to the financial statements
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the directors are required to:
select suitable accounting policies and then apply them consistently;
make judgments and accounting estimates that are reasonable and prudent;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and 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 reasonable steps for the prevention and detection of fraud and other irregularities.
Page 1
AL FALAAH LEARNING CENTRE LIMITED
DIRECTORS' AND TRUSTEES' REPORT (Continued)
FOR THE YEAR ENDED 31 JANUARY 2022
This report was approved by the board of directors and trustees on 27 October 2022 and signed on its behalf.
......................................................... Mohammed Fakhruddin Sadhiq Trustee.
Page 2
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF AL FALAAH LEARNING CENTRE LIMITED
FOR THE YEAR ENDED 31 JANUARY 2022
I report on the accounts which are set out on pages 4 to 12
Respective responsibilities of the
The trustees who are also directors of the company for the purpose of company law are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144 (2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. Having satisfied myself that the charity is not subject under company law and is eligible for independent examination, it is my responsibility to:
Examine the accounts under section 145 of the 2011 Act; follow the procedures laid down in the general directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act); and state whether particular matters have come to my attention.
Basis of independent examiner's report
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a "true and fair view" and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In our opinion the financial statements:
give a true and fair view of the of the state of the company's affairs as at 31 January 2022 and of its profit for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice - Financial Reporting Standard 102; and
have been prepared in accordance with the requirements of the Companies Act 2006.
........................................ Dated:27 October 2022
Abu Nowshed, FCCA Chartered Certified Accountants Abu Nowshed Centre 71 Wordsworth Road Small Heath, Birmingham B10 0ED West Midlands
Page 3
COMPANY NUMBER: 7905865
AL FALAAH LEARNING CENTRE LIMITED
BALANCE SHEET
AT 31 JANUARY 2022
| Note | 2022 | 2021 | |||||
|---|---|---|---|---|---|---|---|
| £ | £ | £ | £ | ||||
| Tangible fixed assets | |||||||
| Tangible assets | 5 | 298,913 | 308,426 | ||||
| Current assets | |||||||
| Bank Accounts | 69,638 | 70,172 | |||||
| ––––––– | ––––––– | ||||||
| 69,638 | 70,172 | ||||||
| Creditors | |||||||
| Amounts falling due within | |||||||
| one year | 6 | 3,598 | 19,967 | ||||
| ––––––– | ––––––– | ||||||
| Net current assets | 66,040 | 50,205 | |||||
| ––––––– | ––––––– | ||||||
| Total assets less current liabilities | 364,953 | 358,631 | |||||
| ––––––– | ––––––– | ||||||
| Net assets | £364,953 | £358,631 | |||||
| ––––––– |
––––––– |
||||||
| Capital funds | |||||||
| Unrestricted funds | 364,953 | 358,631 | |||||
| ––––––– | ––––––– | ||||||
| Total funds | £364,953 | £358,631 | |||||
| ––––––– | ––––––– |
For the year ending 31 January 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
Directors' responsibilities:
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
Page 4
COMPANY NUMBER: 7905865
AL FALAAH LEARNING CENTRE LIMITED (Continued)
BALANCE SHEET
These financial statements have been prepared in accordance with the special provisions relating to the small companies regime within Part 15 of the Companies Act 2006). Approved by the trustees on 27 October 2022 and signed on its behalf.
................................................... Mohammed Fakhruddin Sadhiq
The annexed notes form part of these financial statements.
Page 5
AL FALAAH LEARNING CENTRE LIMITED
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JANUARY 2022
| Total | Total | ||
|---|---|---|---|
| Unrest'd | Funds | Funds | |
| Funds | 2022 | 2021 | |
| £ | £ | £ | |
| Incoming resources | |||
| Incoming Resources from | |||
| generated funds: | |||
| Voluntary income | 29,097 | 29,097 | 15,909 |
| Activities to generate funds | 12,337 | 12,337 | 21,037 |
| ––––––– | ––––––– | ––––––– | |
| 41,434 | 41,434 | 36,946 | |
| ––––––– | ––––––– | ––––––– | |
| Total incoming resources | 41,434 | 41,434 | 36,946 |
| ––––––– | ––––––– | ––––––– | |
| Resources expended | |||
| Costs of generating funds | 7,777 | 7,777 | 7,183 |
| Governance costs | 27,335 | 27,335 | 24,005 |
| ––––––– | ––––––– | ––––––– | |
| Total resources expended | 35,112 | 35,112 | 31,188 |
| ––––––– | ––––––– | ––––––– | |
| Net movement in funds | 6,322 | 6,322 | 5,758 |
| Total funds brought forward | £358,631 | £358,631 | 352,873 |
| ––––––– | ––––––– | ––––––– | |
| Total funds carried forward | £364,953 | £364,953 | £358,631 |
| ––––––– | ––––––– | ––––––– |
Details of Incoming resources and resources used are given in the notes to the financial statements.
Page 6
AL FALAAH LEARNING CENTRE LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
DETAILED ANALYSIS OF MOVEMENTS IN FUNDS
FOR THE YEAR ENDED 31 JANUARY 2022
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| £ | £ | £ | £ | |||
| General Fund | ||||||
| Balance B/fwd | 358,631 | 352,873 | ||||
| Surplus for the year | 6,322 | 5,758 | ||||
| ––––––– | ––––––– | |||||
| 364,953 | 358,631 | |||||
| ––––––– | ––––––– | |||||
| Total funds at 31 January 2022 | £364,953 | £358,631 | ||||
| ––––––– |
––––––– |
Page 7
AL FALAAH LEARNING CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2022
1. Accounting policies
The charity constitutes a public benefit entity as defined by FRS 102. 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 (FRS102) issued on 16 July 2014 (as updated through Bulletin 1 published on 2 February 2016), the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS102), the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2015.
The charity has applied Update Bulletin 1 as published on 2 February 2016 and does not include a cash flow statement on the grounds that it is applying FRS 102 Section 1A.
The financial statements are prepared on a going concern basis under the historical convention (modified to include certain items at fair value). The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest pound.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years unless otherwise stated.
Incoming resources
All incoming resources are included in the SOFA when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Resources expended
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with use of the resources.
Turnover
Turnover comprises the invoiced value of donations.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings - 3% per annum of cost Plant and Machinery - 20% per annum of cost Fixtures and Fittings - 20 % per annum of cost
Page 8
AL FALAAH LEARNING CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (Continued)
FOR THE YEAR ENDED 31 JANUARY 2022
2. Turnover
Turnover is attributable solely to continuing operations.
3.
| Operating profit | ||
|---|---|---|
| 2022 | 2021 | |
| £ | £ | |
| This is stated after charging: | ||
| Accountancy | 770 | 720 |
| Depreciation of owned assets | 9,513 | 9,874 |
| ––––––– |
––––––– |
4. Staff costs
The average number of persons employed by the company, including directors, during the year was as follows:
| 2022 | 2021 | |
|---|---|---|
| Administration | 2 | 2 |
| –––––– |
–––––– |
|
| The aggregate payroll costs of these persons were as follows: | ||
| 2022 | 2021 | |
| £ | £ | |
| Wages and salaries | 17,052 | 13,411 |
| –––––– | –––––– | |
| £17,052 | £13,411 | |
| –––––– |
–––––– |
Page 9
AL FALAAH LEARNING CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (Continued)
FOR THE YEAR ENDED 31 JANUARY 2022
5. Tangible fixed assets
| Land and Buildings £ Cost: At 1 February 2021 357,314 ––––––– At 31 January 2022 357,314 ––––––– Depreciation: At 1 February 2021 50,417 Charge for the year 9,207 ––––––– At 31 January 2022 59,624 ––––––– Net book value: At 31 January 2022 £297,690 ––––––– At 31 January 2021 £306,897 ––––––– 6. Creditors Amounts falling due within one year:- Sundry Creditors Quarda Hasanh ( Borrowed donations ) |
Fixtures and Fittings Total £ £ 6,321 363,635 ––––––– ––––––– 6,321 363,635 ––––––– ––––––– 4,792 55,209 306 9,513 ––––––– ––––––– 5,098 64,722 ––––––– ––––––– £ 1,223 £298,913 ––––––– ––––––– £ 1,529 £308,426 ––––––– ––––––– 2022 2021 £ £ 720 720 2,878 19,247 –––––– –––––– £ 3,598 £19,967 –––––– –––––– |
|---|---|
Page 10
AL FALAAH LEARNING CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (Continued)
FOR THE YEAR ENDED 31 JANUARY 2022
| 7. Incoming resources Unrest'd Funds 2022 £ Voluntary Income Donations 12,399 Monthly donation 824 Jumu'ah donation 15,874 –––––– 29,097 –––––– Activities for generating funds Evening Class 12,337 –––––– 12,337 –––––– 8. Costs of generating funds 2022 £ Costs of generating funds 683 Rates & Water 56 Insurance 1,249 Light & Heat 2,478 Repair & Maintenance 2,816 Printing, Postage & Stationery 216 Telephone 279 Bank Charges 0 –––––– 9. Governance costs 2022 £ Wages and salaries 17,052 Depreciation 9,513 Accountancy 770 –––––– |
Total Funds 2022 £ 12,399 824 15,874 –––––– 29,097 –––––– 12,337 –––––– 12,337 –––––– 2022 £ 7,777 –––––– 2022 £ 27,335 –––––– |
Total Funds 2021 £ 0 5,605 10,304 –––––– 15,909 –––––– 21,037 –––––– 21,037 –––––– 2021 £ 0 0 1,340 2,646 2,344 540 305 8 –––––– 7,866 –––––– 2021 £ 13,411 9,874 720 –––––– 24,005 –––––– |
|---|---|---|
Page 11
AL FALAAH LEARNING CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (Continued)
FOR THE YEAR ENDED 31 JANUARY 2022