REGISTERED CHARITY NUMBER: 1149207
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 December 2024
for
Al-Madina International Islamic Institution Sylhet
Al-Madina International Islamic Institution Sylhet
Contents of the Financial Statements for the Year Ended 31 December 2024
| Page | |
|---|---|
| Reference and Administrative Details | 1 |
| Report of the Trustees | 2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Statement of Financial Position | 5 |
| Notes to the Financial Statements | 6 to 11 |
| Detailed Statement of Financial Activities | 12 |
Al-Madina International Islamic Institution Sylhet
Reference and Administrative Details for the Year Ended 31 December 2024
TRUSTEES F Rahman M G Kibria Muhammed Meraj Y Mankda PRINCIPAL ADDRESS 32 Station Road London E12 5BT REGISTERED CHARITY 1149207 NUMBER
INDEPENDENT EXAMINER Quilfords Limited Chartered Certified Accountants 113 Romford Road London E15 4LY
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Al-Madina International Islamic Institution Sylhet
Report of the Trustees for the Year Ended 31 December 2024
The trustees present their report with the financial statements of the charity for the year ended 31 December 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
The principle objectives and aims of the charity are:
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Advancement of the Islamic faith
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Relief of poverty
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Advancement of education
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Relief of unemployment
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Relief of sickness
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The preservation and protection of good health
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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 £86,052 (2023: £76,418) for the period to 31st December 2024. After outgoing expenses of £96,494 (2023: £70,085), the charity was left with a deficit of £10,442 (2023: Surplus £6,333) for the period to 31st December 2024.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Approved by order of the board of trustees on 20 October 2025 and signed on its behalf by:
Muhammed Meraj - Trustee
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Independent Examiner's Report to the Trustees of Al-Madina International Islamic Institution Sylhet
Independent examiner's report to the trustees of Al-Madina International Islamic Institution Sylhet
I report to the charity trustees on my examination of the accounts of Al-Madina International Islamic Institution Sylhet (the Trust) for the year ended 31 December 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.
Askir Ali
Quilfords Limited Chartered Certified Accountants 113 Romford Road London E15 4LY
Date: 20/10/2025
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Al-Madina International Islamic Institution Sylhet
| Statement of Financial Activities for the Year Ended 31 December 2024 Notes INCOME AND ENDOWMENTS FROM Donations and legacies EXPENDITURE ON Raising funds 2 Other Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
31.12.24 Unrestricted fund £ 86,052 92,584 3,910 96,494 (10,442) 121,995 111,553 |
31.12.23 Total funds £ 76,418 69,951 134 70,085 6,333 115,662 121,995 |
|---|---|---|
The notes form part of these financial statements
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Al-Madina International Islamic Institution Sylhet
Statement of Financial Position
31 December 2024
| Notes FIXED ASSETS Tangible assets 5 CURRENT ASSETS Cash at bank and in hand CREDITORS Amounts falling due within one year 6 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS Amounts falling due after more than one year 7 ACCRUALS AND DEFERRED INCOME9 NET ASSETS FUNDS 10 Unrestricted funds TOTAL FUNDS |
31.12.24 Unrestricted fund £ 215,000 10,939 (78,728) (67,789) 147,211 (34,458) (1,200) 111,553 111,553 111,553 |
31.12.23 Total funds £ 215,000 11,485 (65,975) (54,490) 160,510 (37,315) (1,200) 121,995 121,995 121,995 |
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 20 October 2025 and were signed on its behalf by:
Muhammed Meraj - Trustee
The notes form part of these financial statements
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Al-Madina International Islamic Institution Sylhet
Notes to the Financial Statements for the Year Ended 31 December 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.
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.
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continued...
Al-Madina International Islamic Institution Sylhet
Notes to the Financial Statements - continued for the Year Ended 31 December 2024
2. RAISING FUNDS
| Raising donations and legacies | ||
|---|---|---|
| 31.12.24 | 31.12.23 | |
| £ | £ | |
| Support costs | 92,584 | 69,951 |
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023.
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |
|---|---|
| fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Donations and legacies | 76,418 |
| EXPENDITURE ON | |
| Raising funds | 69,951 |
| Other | 134 |
| Total | 70,085 |
| NET INCOME | 6,333 |
| RECONCILIATION OF FUNDS | |
| Total funds brought forward | 115,662 |
| TOTAL FUNDS CARRIED FORWARD | 121,995 |
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continued...
Al-Madina International Islamic Institution Sylhet
| Notes to the Financial Statements-continued for the Year Ended 31 December 2024 5. TANGIBLE FIXED ASSETS COST At 1 January 2024 and 31 December 2024 NET BOOK VALUE At 31 December 2024 At 31 December 2023 6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.24 £ Other creditors 78,728 7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 31.12.24 £ Bank loans (see note 8) 34,458 8. LOANS An analysis of the maturity of loans is given below: 31.12.24 £ Amounts falling due between two and five years: Bank loans - 2-5 years 34,458 |
Freehold property £ 215,000 215,000 215,000 31.12.23 £ 65,975 31.12.23 £ 37,315 31.12.23 £ 37,315 |
|---|---|
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continued...
Al-Madina International Islamic Institution Sylhet
| Notes to the Financial Statements-continued for the Year Ended 31 December 2024 9. ACCRUALS AND DEFERRED INCOME Accruals and deferred income 10. MOVEMENT IN FUNDS At 1.1.24 £ Unrestricted funds General fund 121,995 TOTAL FUNDS 121,995 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 86,052 TOTAL FUNDS 86,052 Comparatives for movement in funds At 1.1.23 £ Unrestricted funds General fund 115,662 TOTAL FUNDS 115,662 |
31.12.24 £ 1,200 Net movement in funds £ (10,442) (10,442) Resources expended £ (96,494) (96,494) Net movement in funds £ 6,333 6,333 |
31.12.23 £ 1,200 At 31.12.24 £ 111,553 111,553 Movement in funds £ (10,442) (10,442) At 31.12.23 £ 121,995 121,995 |
|---|---|---|
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continued...
Al-Madina International Islamic Institution Sylhet
Notes to the Financial Statements - continued for the Year Ended 31 December 2024
10. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming Resources Movement resources expended in funds £ £ £ 76,418 (70,085) 6,333 76,418 (70,085) 6,333 |
|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 1.1.23 £ 115,662 115,662 |
Net movement in funds £ (4,109) (4,109) |
At 31.12.24 £ 111,553 111,553 |
|---|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 162,470 | (166,579) | (4,109) |
| TOTAL FUNDS | 162,470 | (166,579) | (4,109) |
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continued...
Al-Madina International Islamic Institution Sylhet
Notes to the Financial Statements - continued for the Year Ended 31 December 2024
11. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2024.
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Al-Madina International Islamic Institution Sylhet
| Detailed Statement of Financial Activities | ||
|---|---|---|
| for the Year Ended 31 December 2024 | ||
| 31.12.24 | 31.12.23 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| School fees | 62,856 | 57,168 |
| Donations | 23,196 | 19,250 |
| 86,052 | 76,418 | |
| Total incoming resources | 86,052 | 76,418 |
| EXPENDITURE | ||
| Support costs | ||
| Management | ||
| Wages | 18,605 | 17,224 |
| Light and heat | 2,655 | 2,231 |
| Postage and stationery | - | 120 |
| Administrative expenses | 45,997 | 35,937 |
| Repairs & maintenance | 10,527 | 13,839 |
| 77,784 | 69,351 | |
| Finance | ||
| Bank charges | 149 | 134 |
| Bank loan interest | 3,761 | - |
| 3,910 | 134 | |
| Other | ||
| Charitable donation | 14,200 | - |
| Governance costs | ||
| Accountancy and legal fees | 600 | 600 |
| Total resources expended | 96,494 | 70,085 |
| Net (expenditure)/income | (10,442) | 6,333 |
This page does not form part of the statutory financial statements
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