REGISTERED CHARITY NUMBER: 1149207 Al-madina Intemational Islamic Instrtution S Ih rt of the Trustees and naudit d Fin ncial Statements for the Year Ended 31 December 2023
Al-madina International Islamic In5titulion S Ihet Contents of the Financial Ststements for the Year Ended 31 Decem r 2023 Page Reference and Administratt¥* Detalls Report of the Truste8S Independent Examine¢s Report Statement of Financial Activtties Balance Sheet Notes to the Flnancial Ststemenls 6 to 11 Delailed Statement of Financial Activtknes 12
Al-madina International Islamic Institution S Ihet Reference and Administrative Details for the Year Ended 31 December 2023 TRUSTEES F Rahman M G Kibria Muhammed Meraj Y Mankda PRINCIPAL ADDRESS 32 Station Road London E12 5BT REGISTERED CHARirf NUMBER 1149207 INDEPENDENT EXAMINER Quiffords Limited Charterèd Certified Accountants 113 Romford Road London E154LY Page 1
Al-madina International Islamic Inslrtution S Ihet ort of the Truslees for the Year Ended 31 ember 2023 The Irustees present their report with the financial statements of the chaiity for the year ended 31 December 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charikn'es preparing their accounts in accordance wrth the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102} (effective 1 January 20191. OBJECTIVES AND ACTIVITIES Objectives and aims The principle Obje1¥eS and aims of the charity are: 1. AdvanGement of the Islami¢ fatth 2. Relief of poverty 3. Advancement of education 4. Relief of unemployment 5. Relief of sickness 6. The preservation and protection of good heafth 7. Assistance and relief for victims of war, natural disasteryJ or other catastrophe's around the world. FINANCIAL REVIEW Funds In Surplus The charity received donalions of £76,418 {2022.' £70,615) for the period to 31st December 2023. After outgoing expenses of £70,085 12022. £67,240), the chanty wa5 left with a surplus of £6,333 {2022'. Surplus £3.375) for the period to 31st December 2022. STRUCTURE. GOVERNANCE AND MANAGEMENT Governlng document The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated chanty. Approved by order of the board of trustees on by.. and signed on its behalf Muhammed Meraj - Trustee Page 2
Inde endent Examine$ Re Al-madina International Islamic Institution S Ihet rt to the Trustees of Independent examinerfs report to the trustees of A14Iadina International Islamic Institution Sylhet I report to the charity trustees on my examination of the accounts of Akmadina Intemational Islamic Institution Sylhet (the Trust) for the year ended 31 December 2023. 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 Cthe Act,) I report in respect of my examination of the Trusfs accounts carried out under Section 145 of the Act and in carrying out my examination I havè followed all applicable Directions given by the Charity Commission under Section 145{5)(b) of the Act. Independènt examIne8 statement I have completed my examination. I confim that no material matters have come to my attention in onnection with the examination giving me &?use to believe that in any material respect.. accounting records were not kept in respect of the Trust as reqUId by Section 130 of the Act,. or the accounts do not accord with those records,. or the accounts do not comply with the applicable requirements concerning the fom and contènt 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 acx*ss 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 Chartered Certified Accountants 113 Romford Road London E154LY Date.. ..1.610.1J2025...................... Page 3
Al-madina International Islamic Inststution S Ihet statement of Financial Aclivrties for the Year Ended 31 December 2023 31.12.23 Unrestricted fund 31.12.22 Total fvnds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 76,418 70,616 EXPENDITURE ON Raising funds 69,951 67,136 Other 134 104 Total 70,085 67,240 NET INCOME 6,333 3,376 RECONCILIATION OF FUNDS Total frjnds brought foThvard 115,662 112,286 TOTAL FUNDS CARRIED FORWARD 121 995 115662 The notes fomi part of the3e finanryal 3tatements Page 4
Al-madina Intemational Islamic Institution S Ihet Balance Sheet 31 Dember 2023 31.12.23 Unrestricted fund 31.12.22 Total funds Notes FIXED ASSErs Tangible assets 215,000 215,000 CURRENT ASSETS Cash at bank and in hand 11,485 20,226 CREDITORS Amounts falling due within one year (65,975) {66,091) NET CURRENT ASSErs TOTAL ASSETS LESS CURRENT LIABILITIES 160,510 169,135 CREDITORS Amounts falling due after more than one year (37,315) 150,587) ACCRUALS AND DEFERRED INCOME 9 {1,2001 (2,886) NET ASSETS 121,995 115,662 FUNDS Unrestrictèd funds 10 121995 115662 TOTAL FUNDS 121.995 115,662 The fin ncial slatements were approved by the Board of Trustees and authorised for issue on . and were signed on its behalf by.. Muhammed eraj - Trustee The notes form part of these financrdl statements Page S
Al-madina International Islamic Instilution S Ihet Notes to the Financial Statements for the Year En 31 December 2023 ACCOUNTING POLICIES Basis of preparlng the financial statements The financial statements of the charity, which is a public benefit entty under FRS 102, have been prepared in accordance wrth the CharitEs SORP IFRS 102) 'Accounting and Reporting by Charities.. Statement of Recommended Practi applicable to charities Pfeparing their accounts in accordance with the 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 Iland, and the CharItS Act 2011. The financial statements have been prepared under the historical ¢05t convention. Income All income is recognised in the Statement of Financial Acttvities once the charrty has entitlement to the funds, it is probable that the in¢ome will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expendrture 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 classffied under headings Ih¥t aggregate all cost lated to the category. whe costs cannot be directly attributed to particular headings they have been allocated to aGtivrf(ies on a basis consistent with the use of resources. Tangible flxed assets Depreciation is provided al the following annual rates in order to write off each asset over its estimated useful life. Taxatlon The charity is exempt from tax on its charrtable activities. Fund accountlng Unrestricted funds can be used in accordanc8 wrlh charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes wrf(hin the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricte(I purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Page 6 continued...
Al-madina International Islamic Institution S Ihet Notes to the Financial Statements - continued for the Year Ended 31 December 2023 RAISING FUNDS Ralslng donatlons and legacles 31.12.23 31.12.22 Support costs 69,951 67,136 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, remuneration or other beneffts for the year ended 31 December 2023 nor for thé year ènded 31 December 2022. Trustees, expenses There were no Iruslees, expenses paid for the year ended 31 December 2023 nor for the year ended 31 December 2022. COMPARATIVES FOR THE STATEMEKf OF FINANCIAL ACTIVITIES Unrestricted fund INCOME AND ENDOWMENTS FROM Donations and legacies 70,616 EXPENDITURE ON Raising funds 67,136 Other 104 Total NET INCOME 3,376 RECONCILIATION OF FUNDS Tolal funds brought forward 112,286 TOTAL FUNDS CARRIED FORWARD 115.662 Page 7 continued...
Al-madina INernalional Islamic Institution S Ihet Notes to the Financial Statements - continued for the Year Ended 31 Decembèr 2023 TANGIBLE FIXED ASSETS Freehold property COST At 1 January 2023 and 31 December 2023 215,000 NET BOOK VALUE Al 31 December 2023 215.000 At 31 December 2022 215,000 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.23 31.12.22 Taxation and social security Other creditors 116 65,975 65.975 65,975 66.091 CREDITORS: AMOUNTS FALLING DUE AFfER MORE THAN ONE YEAR 31.12.23 31.12.22 Bank loans (see note 8) Other Creditors 37,315 44,485 37,315 50,587 LOANS An analysis of the maturity of loans is given below.. 31.12.23 31.12.22 Amounts falling between one and two years: Other loans- 1-2 years 6.102 Amounls falling due befvleen t0 and five years: Bank loans- 2-5 years 44,485 Page 8 continued...
Al-madina International Islamic Institution S Ihet Notes lo the Financial Statements - continued for the Year Ended 31 December 2023 ACCRUALS AND DEFERRED INCOME 31.12.23 31.12.22 Accruals and deferred income 1,200 2.886 10. MOVEMENT IN FUNDS Net movément in funds At 31.12.23 At 1.1.23 Unrestricted funds General fund 115,662 6,333 121,995 TOTAL FUNDS 115.662 6,333 121,995 Net movement in funds. included in the above are as follows: Incoming resources Resources Movement expended in funds Llnrestrlcted funds General fund 76,418 {70,085) 6,333 TOTAL FUNDS 76,418 70,085) 6,333 Comparatlves for movement In funds Net movement in funds At 31.12.22 At 1.1.22 Unreslricted funds General fund 112,286 3,376 115.662 TOTAL FUNDS 112286 115.662 Page 9 continued...
Al-madina Intemational Islamic Institution S Ihet Notes to the Financial Statements - continued for the Year d31 ember 2023 10. MOVEMENT IN FUNDS - contlnuod Comparative net movement in funds, included in the above are as follows.. Incoming Resources Movement resources expended in fvnds Unrestricted funds General fund 70,616 {67.2401 3,376 TOTAL FUNDS 70,616 67.240) 3,376 A current year 12 months and prior year 12 months combined position is as follows: Net movement in funds At 31.12.23 At 1.1.22 Unrestrlcted funds General fund 112,286 9.709 121,995 TOTAL FUNDS 112,286 9,709 121,995 A current year 12 monlhs and prior year 12 months Combined net movement in funds, Included in the above are as follows.. Incoming resources Resources Movement expended in funds Unrostricted funds General fund 147,034 1137,3251 9,709 TOTAL FUNDS 147,034 (137,3251 9.709 Page 10 continued...
Al-madina International Islamic Institution S Ihet Notes to the Financial Statements - continued for the Year Ended 31 December 2023 11. RELATED PARTY DISCLOSURES There were no related paty transactions for the year ended 31 DeGember 2023. Page11
Al-madina International Islamic Instrtution S Ihet Detailed Statement of Financial Activities for the Y r Ended 1 December 2023 31.12.23 31.12.22 INCOME AND ENDOWMENTS Donatlons and legacles School fees Donations Grants 57,168 19,250 27,248 37,965 70,616 Total Incoming resources 76,418 70,616 EXPENDITURE Support costs Management Wages Light and heat Postage and stationery Administrative expenses Repairs & maintenance 17.224 2,231 120 35.937 13,839 15,317 1.532 20.262 29,425 69,351 66,536 Flnance Bank charges 134 104 Governance costs Accountancy and legal fees 600 600 Totsl resources expended 70,085 67,240 Net Income 6,333 3,376 This page does not form part of the 5tatuiory finanGial statements Page 12