**REGISTERED CHARITY NUMBER: 1150312**
## Report of the Trustees and
Financial Statements for the Year Ended 31 January 2021
for Madina Institute
CWP Accountants Unit 1a 85 Greengate Manchester Lancashire M3 7NA
Madina Institute
Contents of the Financial Statements for the Year Ended 31 January 2021
|||Page||
|---|---|---|---|
|Report of the Trustees||1||
|Independent Examiner's Report||2||
|Statement of Financial Activities||3||
|Balance Sheet||4||
|Notes to the Financial Statements|5|to|10|
|Detailed Statement of Financial Activities||11||
Madina Institute
## Report of the Trustees
for the Year Ended 31 January 2021
The trustees present their report with the financial statements of the charity for the year ended 31 January 2021. 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).
## **Structure, governance and management Governing document**
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
## **Reference and administrative details**
## **Registered Charity number**
1150312
## **Principal address**
2 Brooklands Court Rochdale OL4 1HU
## **Trustees**
A Mahmood S Hussain A Mahmood
## **Independent Examiner**
CWP Accountants CWP Accountants Unit 1a 85 Greengate Manchester Lancashire M3 7NA
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
................................................................................. Trustee
Page 1
Independent Examiner's Report to the Trustees of Madina Institute
## **Independent examiner's report to the trustees of Madina Institute**
I report to the charity trustees on my examination of the accounts of Madina Institute (the Trust) for the year ended 31 January 2021.
## **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:
1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. 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.
CWP Accountants CWP Accountants Unit 1a 85 Greengate Manchester Lancashire M3 7NA
Date: .............................................
Page 2
## Madina Institute
## Statement of Financial Activities
|Statement of Financial Activities||||
|---|---|---|---|
|for the Year Ended 31 January 2021||||
|||31.1.21|31.1.20|
|||Unrestricted|Total|
|||fund|funds|
||Notes|£|£|
|**Income and endowments from**||||
|Donations and legacies||105,601|156,551|
|**Expenditure on**||||
|Raising funds|2|96,034|141,703|
|**NET INCOME**||9,567|14,848|
|**Reconciliation of funds**||||
|**Total funds brought forward**||118,500|103,653|
|**Total funds carried forward**||128,067|118,501|
Surplus and Deficit Account 968
Posting discrepancies were found in the reserve accounts listed below. This is because the brought forward postings in the current year are not equal to the figures carried forward by IRIS at the end of last year. Please check your postings in the brought forward account for the surplus and deficit account 968.
|Brought forward - 968/1
Carried forward
Difference|Unrestricted
funds
£
118,500
118,501
1|Total funds
£
118,500
118,501
1|
|---|---|---|
Post to relevant accounts (see UCHA chart of accounts for further details)
The notes form part of these financial statements
Page 3
## Madina Institute
|Balance Sheet
31 January 2021
31.1.21
Unrestricted
fund
Notes
£
**Fixed assets**
Tangible assets
6
259,525
**Current assets**
Debtors
7
-
Cash at bank and in hand
66,686
66,686
**Creditors**
Amounts falling due within one year
8
(40,934)
**Net current assets**
25,752
**Total assets less current liabilities**
285,277
**Creditors**
Amounts falling due after more than one year
9
(157,210)
**NET ASSETS**
128,067
**Funds**
11
Unrestricted funds
128,067
**Total funds**
128,067|31.1.20
Total
funds
£
260,756
7,064
49,054
56,118
(22,479)
33,639
294,395
(175,894)
118,501
118,501
118,501|
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. A Mahmood - Trustee
............................................. S Hussain - Trustee
The notes form part of these financial statements
Page 4
Madina Institute
## Notes to the Financial Statements
for the Year Ended 31 January 2021
## **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.
- Fixtures and fittings - 25% on reducing balance
## **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.
continued...
Page 5
## Madina Institute
## Notes to the Financial Statements - continued
for the Year Ended 31 January 2021
## **2. Raising funds**
## **Raising donations and legacies**
**----- Start of picture text -----**
||||
|---|---|---|
|31.1.21|31.1.20|
|£|£|
|Rates and water|10,690|12,561|
|Telephone|1,332|1,319|
|Activities for generating fund|21,774|57,127|
|-|
|Support costs|40,072|
|33,796|111,079|
**----- End of picture text -----**
## **3. Trustees' remuneration and benefits**
There were no trustees' remuneration or other benefits for the year ended 31 January 2021 nor for the year ended 31 January 2020.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 January 2021 nor for the year ended 31 January 2020.
## **4.**
## **Staff costs**
The average monthly number of employees during the year was as follows:
**----- Start of picture text -----**
||||
|---|---|---|
|31.1.21|31.1.20|
|Average number of employees|9|12|
**----- End of picture text -----**
No employees received emoluments in excess of £60,000.
## **5. Comparatives for the statement of financial activities**
**----- Start of picture text -----**
|||
|---|---|
|Unrestricted|
|fund|
|£|
|Income and endowments from|
|Donations and legacies|156,551|
|Expenditure on|
|Raising funds|141,703|
|NET INCOME|14,848|
**----- End of picture text -----**
continued...
Page 6
## Madina Institute
## Notes to the Financial Statements - continued
for the Year Ended 31 January 2021
|**5.**
**Comparatives for the statement of financial activities - continued**
**Reconciliation of funds**
**Total funds brought forward**
**Total funds carried forward**
**6.**
**Tangible fixed assets**
**Cost**
At 1 February 2020 and 31 January 2021
**Depreciation**
At 1 February 2020
Charge for year
At 31 January 2021
**Net book value**
At 31 January 2021
At 31 January 2020
**7.**
**Debtors: amounts falling due within one year**
Other debtors|Freehold
property
£
255,831
-
-
-
255,831
255,831|Unrestricted
fund
£
103,653
118,501
Fixtures
and
fittings
Totals
£
£
12,311
268,142
7,386
7,386
1,231
1,231
8,617
8,617
3,694
259,525
4,925
260,756
31.1.21
31.1.20
£
£
-
7,064|
|---|---|---|
continued...
Page 7
Madina Institute
## Notes to the Financial Statements - continued
## for the Year Ended 31 January 2021
|**8.**
**Creditors: amounts falling due within one year**
Trade creditors
Taxation and social security
Other creditors
**9.**
**Creditors: amounts falling due after more than one year**
Other creditors
**10.**
**Loans**
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Other loans
Amounts falling between one and two years:
Other loans - 1-2 years
**11.**
**Movement in funds**
**Unrestricted funds**
General fund
**TOTAL FUNDS**|31.1.21
£
1,997
(514)
39,451
40,934
31.1.21
£
157,210
31.1.21
£
18,990
157,210
Net
movement
At 1.2.20
in funds
£
£
118,500
9,567
118,500
9,567|31.1.20
£
4,092
(603)
18,990
22,479
31.1.20
£
175,894
31.1.20
£
18,990
175,894
At
31.1.21
£
128,067
128,067|
|---|---|---|
continued...
Page 8
Madina Institute
## Notes to the Financial Statements - continued
## for the Year Ended 31 January 2021
## **11. Movement in funds - continued**
Net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**
**Comparatives for movement in funds**
**Unrestricted funds**
General fund
**TOTAL FUNDS**
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
£
£
£
105,601
(96,034)
9,567
105,601
(96,034)
9,567
Net
movement
At
At 1.2.19
in funds
31.1.20
£
£
£
103,653
14,848
118,501
103,653
14,848
118,501
Incoming
Resources
Movement
resources
expended
in funds
£
£
£
156,551
(141,703)
14,848
156,551
(141,703)
14,848|
|---|---|
continued...
Page 9
Madina Institute
## Notes to the Financial Statements - continued for the Year Ended 31 January 2021
## **11. Movement in funds - continued**
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|Net
movement
At 1.2.19
in funds
£
£
103,653
24,415
103,653
24,415|At
31.1.21
£
128,068
128,068|
|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
Resources
Movement
resources
expended
in funds
£
£
£
262,152
(237,737)
24,415
262,152
(237,737)
24,415|
|---|---|
## **12. Related party disclosures**
Mr Arshad Mahmood and Mr Sajad Hussain are also trustees in Planet Mercy (1150069).
Page 10
Madina Institute
|Detailed Statement of Financial Activities||
|---|---|
|for the Year Ended 31 January 2021||
||31.1.21
31.1.20|
||£
£|
|**Income and endowments**||
|**Donations and legacies**||
|Donations|105,601
156,551|
|**Total incoming resources**|105,601
156,551|
|**Expenditure**||
|**Raising donations and legacies**||
|Rates and water|10,690
12,561|
|Telephone|1,332
1,319|
|Activities for generating fund|21,774
57,127|
|**Other trading activities**|33,796
71,007|
|Depreciation of tangible fixed assets|1,231
1,642|
|**Support costs**||
|**Management**||
|Wages|28,313
37,763|
|Insurance|780
1,679|
|Postage and stationery|14
170|
|Advertising|7,618
2,139|
|Sundries|86
41|
|Consultancy fee|17,449
14,378|
|**Information technology**|54,260
56,170|
|Repairs and renewals|1,888
7,831|
|**Governance costs**||
|Accountancy fee|4,200
4,200|
|Professional subscriptions|659
653|
|Staff training|-
200|
||4,859
5,053|
|Total resources expended|96,034
141,703|
|**Net income**|9,567
14,848|
|||
This page does not form part of the statutory financial statements
Page 11