REGISTERED CHARITY NUMBER: 1149207 Al-madina Intemational Islamic Institution S Ihet rt ofthe Trustees and Unaudited Financial emenls for the Year Ended 31 Dernb r 2022
Al-madina International Islami¢ Institution S Ihet Conten s of Ihe Financial Statements for the Year Ended 310ecember 2022 Page Reference and Administrative Details Report of the Trustees Independent Examinerfs Rèport Statement of Financial Activities Balan Sheet Notes to the Financial Statements 6 to 11 Detailed Statement of Financial Adivities 12
Al-madina Intemational Islamic Institution S Ihet Reference and Administrative Details for the Y Ended 1 December 2022 TRUSTEES F Rahman M G Kibria M Meraj Y Mankda PRINCIPAL ADDRESS 32 Station Road London E12 5BT REGISTERED CHARITY NUMBER 1149207 INDEPENDENT EXAMINER Quitfords Limited Chartered Certified Accounlants 113 Romford Road London E15 4LY Page 1
Al-madina Intemational Islamic Institution S Ihet Re ort of the Trustees for th8 Year Ended 31 December 2022 The trustees present their report wth the financial statements of the chariiy for the year ended 31 De¢ember 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Re¢ommended Practice applicable to charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 leffedive 1 January 2019). OBJECTIVES AND ACTIVITIES Objectives and aims The principle objectives and aims of th8 charity are- 1. Advancement of the Islamic faith 2 Relief of poverty 3. Advancement of education 4. R81ief of unemployment 5. Relief of sickness 6. The preservation and protection of good health 7. Assistance and relief for victims of war. natural disasters or other catastrophe's around the world. FINANCIAL REVIEW Funds in Surplus The charity received donations of £70.615 (2021: £90.147) for the period to 31st December 2022. After outgoing expenses of £67,240 (2021.. £58,895), the ¢harity was left with a surplus of £3,375 {2021.. £31.2521 for the period to 31st December 2022. STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng document The charity is controlled by its goveming document. a deed of trust and constitutes an unincorporated charity Approved by order of the l)oard of trustees on 15 January 2024 and signed on its behalf by.. Muhammed Meraj- Trustee Page 2
Inde endent Examinerfs Re Al-madina International Islamic Institution S Ihet ort to the Trustees of Independent examinees report to the trustees of Al-madina Intematlonal Islamic Institution Sylhet I report to the charity trustees on my examination of the accounts of Al-madina Intemational Islamic Institution Sylhet (the Trust) for the year ended 31 December 2022. Responsibilities and basis of report As the charity truslees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 {Ihe Act,). I report in respect of my examination of the Trust's accounts carrred out under Section 145 of the Act and in ¢arrying OLrt my examination I have followed all applicable Directions given by the Charity Commission under Section 14515)Ibl of the Act. Indopondent oxaminerfs statement I have completed my examination. I confimi that no material matters have come to my attention in connection with the examination giving me Gause to believe that in any material respect.. accounting records were not keFrt in respect of the Trust as required by Section 130 of the Act,. or the a¢counts do not accord wrth those records.. or the a¢counts do nol comply with the applicable requirements conceming the fom and content of accounts set out in the Charrties (Accounts and Reports) Regulations 2008 other than any requirement that a¢counts give a tru8 and fair view which is not a matter considered as part of an independent examination. I have no concems 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. Askir Ali Quilfords Limited Chart8red Certified Accountants 113 Romford Road London E154LY 15 January 2024 Page 3
Al-madina International Islamic Institution S Ihet Statement of Financial Activities for the Year Ended 31 December 2022 31.12.22 Unrestricted fund 31.12.21 Total funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 70,616 85,792 other income 4,355 Total 70,616 90,147 EXPENDITURE ON Raising funds 67.136 58,890 Other 104 Total 58,895 NET INCOME 3,376 31,252 RECONCILIATION OF FUNDS Total funds brought forward 112,286 81,034 TOTAL FUNDS CARRIED FORWARD 115,662 112,286 The notes form part of these financial statements Page 4
Al-madina International Islamic Institution S Ihet Balance Sheet 31 December 2022 31.12.22 Unrestricted fund 31.12.21 Total funds Notes FIXED ASSETS Tangible assets 215,000 215,000 CURRENT ASSETS Cash at bank and in hand 20,226 21,265 CREDITORS Amounts falling due within one year {66.091) 170,091) NET CURRENT ASSETS 45.865) 48,826) TOTAL ASSETS LESS CURRENT LIABILITIES 189.135 166,174 CREDITORS Amounts falling due after more than one year (50.587) {51,602} ACCRUALS AND DEFERRED INCOME 9 (2,888) {2,286) NET ASSETS 115662 112286 FUNDS Unrestricted funds 10 115,662 TOTAL FUNDS 115662 112 286 The finanaal statements were approved by the Board of Tnjstees and authorised for issue on 15 January 2024 and were signed on its behalf by.. Muhammed Meraj - Trustee The notes fomi part of these financial statements Page 5
Al-madina International Islamic Institulion S Ihet Notes to the Financial Statements for the Year Ended 31 December 2022 ACCOUNTING POLICIES Basis of preparing the financial statemants The financial statements of the charrty. which is a public benefit entity under FRS 102, have been prepared in accordance with Ihe Charities SORP IFRS 102) 'Accounling and Reporting by Charities. Statement of Recommended Pradice applicable to charilies preparing their accounts in accordance wth Ihe Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (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 lo Ihe funds, it is probable that the income will be reiVed and Ihe amount Can be measured reliably. Expendlture Liabilities are recognised as expenditure as soon as there is a 18gal or constructive obligation committing the charity to that expendrture, it is probable that a transfer of economic bénefits will be required in settlement and the amounl 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 teen allocated to activities on a basis consistenl with the use of resources. Tangible fixed assets Deprecialion is provided at the following annual rates in order to write i)ff each asset over its estimated useful life. Taxation The charity is exempt from tax on its charitable activities. Fund accountlng Unrestricted funds can be used in aGcordance wrth the charitable obJ"ectives at the discretion of the trustees Restricted funds can only be used for particular restncted purposes within the objects of the charity. Restridions 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 6 ontinued...
Al_madina International Islamic Institution S Ihet Notes to the Financial Statements - continued for the Year Ended 31 Dember 2022 RAISING FUNDS Raising donations and legacies 31.12.22 31.12.21 Support costs 67.136 58,890 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefrts for the year ended 31 December 2022 nor for the year ended 31 D8¢emter 2021. Trust8es' expenses Th8re were no trustees, expenses paid for the year ended 31 December 2022 nor for the year ended 31 December 2021. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund INCOME AND ENDOWMENTS FROM Donations and legacies 85.792 Other income Total EXPENDITURE ON Raising funds 58,890 Other Total 58,895 NET INCOME 31,252 RECONCILIATION OF FUNDS Total funds brought forward 81,034 TOTAL FUNDS CARRIED FORWARD 112286 Page 7 c0ntlnLd...
Al-madina International Islamic InstrtLrtion S Ihet Notes to the Financial Statements- continued fof the Year Ended 31 December 2022 TANGIBLE FIXED ASSETS Freehold property COST At 1 January 2022 and 31 Dember 2022 215,000 NET BOOK VALUE Al 31 December 2022 215,000 At 31 December 2021 215,000 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.22 31.12.21 Taxation and social security Olher credrtors 116 65,975 116 69,975 70.091 CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 31.12.22 31.12.21 Bank loans (see note 8) Other Creditors 44,485 6,102 50,000 50,587 LOANS An analysis of the maturity of loans is given below.. 31.12.22 31.12.21 Amounts falling beteen one and years.. other loans - 1-2 years 1,602 Amounts falling due beeen two and fNe yeaTS'. Bank loans - 2-5 years 44,485 50,000 Page 8 onlinued...
Al-madina Intemational Islamic Institution S Ihet Notes lo the Financial Statements - continued for the Year Ended 31 Dember 2022 ACCRUALS AND DEFERRED INCOME 31.12.22 31.12.21 Accruals and deferred income 2,886 2,286 10. MOVEMENT IN FUNDS Net movement in funds At 31.12.22 At 1.1.22 Unrestrlcted funds General fund 112.286 3,376 115,662 TOTAL FUNDS 112,286 115,662 Net movement in funds, included in the above are as follows.. Incoming Resources Movement resources expended in funds Unrestricted funds General fund 70.616 (67.240) 3,376 TOTAL FUNDS 70.616 67,240) Comparatlves for movemènt in funds Nat movement in funds At 31.12.21 At 1.1.21 Unrestrlcted funds General fund 81,034 31,252 112,286 TOTAL FUNDS 81,034 112,286 Page 9 continued...
Al-madina International Islamic Instrtution S Ihet Notes to the Financial Statements- continued for th Year Ended 31 Dec£mber 2022 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 Gèneral fund 90,147 (58.895) 31,252 TOTAL FUNDS 58,895) A current year 12 months and prior year 12 months combined position is as follows.. Net movement in funds At 31.12.22 At1.1.21 Unrestricted funds General fund 81.034 34,628 115,662 TOTAL FUNDS 81.034 34,628 115662 A current year 12 months and prior year 12 months combined net movement in funds, included In the above ore as follows.. Incoming resources Resources Movement expended in funds Unrestricted funds General fund 160,763 (126,135) 34,628 TOTAL FUNDS 160.763 (126 135) 34,628 Page 10 ¢ontinued..
Al-madina Intemational Islamic Institution S Ihet Notes to the Financial Statements - continued for the Year Ended 31 December 2022 11. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 Dember 2022. Page11
Al-madina Intemational Islamic Institution S Ihet Detailed Statement of Financial Activities for the Year Ended 31 December 2022 31.12.22 31.12.21 INCOME AND ENDOWMENTS Donations and legacies School fees Donations Grants 27,248 37,965 5,403 29,388 50,577 70,618 85,792 Other Income Job retenlion scheme 4,355 Totsl Incomlng resources 70,616 90,147 EXPENDITURE Support costs Management Wages Lighl and heat Administrative expenses Repairs & maintenance 15,317 1,532 20,262 29,425 24,166 1,532 20,262 12,060 66,536 58,020 Flnance Bank charges 104 Othèr Subcontractor costs 270 Govornance costs Accountancy and legal fees 600 600 Total resources expended 58,895 Net Income 3,376 31,252 This page does not form part of the statutory financial statements Page 12