Docusign Envelope ID.. FE7A6FB&58B048BA-A35C-D12CCDA937CA REGISTERED CHARITY NUMBER: 1150312 ort of the Trustees and Financial Statements for the Year Ended 31 Janua 2024 for Madina Institute CWP Accountants Unit la 85 Greengate Manchesler Lancashire M3 7NA
Docusign Envelope ID.. FE7A6FB&58B048BA-A35C-D12CCDA937CA Madina Institute Contents of the Financial Statements for the Year Ended 31 Janu 2024 Page Report of the Truste¢s Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Sialements 5 to 10 Detailed Statement of Financial Activities 11 to 12
Docusign Envelope ID.. FE7A6FB&58B048BA-A35C-D12CCDA937CA Madina Instithte ort of the Tiu%tees for the Year Ended 31 Janua 2024 The trustees present their report with the financial slatements of the charity for the year ended 31 January 2024. The Irustees have adopted the provision5 of Accounting and Reporting by Charities= Statement of R¢commended Practice applicable to charities preparing their accounts in accordance with the Financial Reporling Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019). Structure, governance and management Governing document The charity is controlled by its governing docuvnent, a deed oltrust and constitutes aT] unincorporated charity. Reference and administrative details Registered Charity number 1150312 Principal address 2 Brooklands Court Rochdale OL4 IHU Trustees A Mahmood S Hussain A Mahmood Independent Examiner CWP Accountants CWP Accountants Unit la 85 GTeengate Manchester Lancashire M3 7NA 28-NOV-24 | 1:50 AM PST Approved by order of the board of trus'tees on ............................................. and signed on its beh(Ilf by.. Docusioned by.. 7B34aBFf FFF*:... Trustee Page I
Docusign Envelope ID.. FE7A6FB&58B048BA-A35C-D12CCDA937CA Inde endent Exarniner's Re Madina Institute ort to the TteeS of Independent examiner's report to the trustees of Madina Institute report to the Lharity trust¢es on my examination of the aLcount% of Madina Institute (the TTUSt) for the year ended 31 January 2024. Responsibilities and basis of report A.% 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 Tny examination of the Trust's accounts carried out under SectiOT] 145 of the Act and in carrying out my examination I have followed all applicable Directions given by ihe Charity Commission under Section 145(5)(b) of the Act. Independent examiner's statement Since your charity's gross incotne exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies. I hawe completed my examination. I confirni Ihal no malerial mallers have come lo my attenlion in conneclion with the examination gil'ing me cause to belieN'e that in any material respect- accounting record5 were not kept in Te5pect of the Trust as required by Section 130 of the Act. OT the accounts do not accord with those records. or the account% do not comply with the appliLable TequiTements eoneernlng the forn] and eontent of aeeounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts giTre a true and faiT view which is not a matter considered a5 part of an independ¢nt examination. I have no concerns and have come across no other matters in connection wryth the examination to which attention should be drawi in this report in order to enable a proper understanding of the accounts to be reached. Docusiqned by.. D7BCBD9039374F1... CWP Accountant5 CWP Accountant5 Unit la 85 Greengate Manchester Lancashire M3 7NA Date.. 29-Nov-24 | 3:43 PM GP Page 2
Docusign Envelope ID.. FE7A6FB&58B048BA-A35C-D12CCDA937CA Madina Instithte Statement of Financial ALtivities for the Year Ended 31 Janua 2024 31.1.24 Unrestricted fund 31.1.23 Total fundb Noles Income and endowments from Donations and legacies 253.465 182,848 Expenditure on Raising funds 32,575 106,609 Other 156.726 41,662 Total 189,301 148,271 ET IIYCOME fv1,164 34,577 Reconciliation of funds Total fimds brought fonvard 237,732 203,155 Total funds earned forward 301,896 237,732 The notes form part of these financial statements Page 3
Docusign Envelope ID.. FE7A6FB&58B048BA-A35C-D12CCDA937CA Madina Institute Balance Sheet 31 Janua 2024 31.1.24 Unrestricted fund 31.1.23 Total funds Noles Fixed assets Tangible assets 263.651 258,444 Current assets Debtors Cash at bank and in hand 32,548 80,907 1,058 62,260 113,455 63,318 Creditors Amounts falling due within one year (12,038) (13.798) et current assets 101,417 49,520 Total assets less current liabilities 365,068 307,964 Creditors Amounts falling due after more than one year (63,172) (70,232) NET ASSETS 301,896 237,732 Funds Unrestricted funds io 301,896 237,732 Total funds 301,896 237,732 28-Nov-24 | 1:50 AM PST The financial statements were approved by Ihe Board of Trustees and authorised for issue on and were signed on its behalf by- Docusigned by.. 44AA -F.?FA4?RFRE7F4l................ A Mahmood - Tru5t¢e Svjned by: 8405C98B2C89410 S Hussain - Trustee The notes form part of these financial statements Page 4
Docusign Envelope ID.. FE7A6FB&58B048BA-A35C-D12CCDA937CA Madina Instithte Note% to the Financial Statements for the Year Ended 31 Janua 2024 Accounting policies Basis of preparing the financial statements The financial statements of the chariiy, Ivhich is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SOiiP (FRS 102) 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charilies preparing iheir accounls in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effectiTre l January 2019}', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in ihe UK and Republic of Ireland, and the Charities Act 201 l. The financial stateTnents ha'e been prepared under the historical cost conventiOT]. Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the incorne will be T¢ceiv¢d and the amount Cdn be medsured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation cornmitting the charity lo thal expenditure, il is probable that a Iransfei of economic benefits 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 eo8t% Lannot be directly attributed to particular headings they have been allocated to activities on a basis consistent Thryth the use of resources. Tangible fixed assets Depreciation is provided al the following annual rales in order lo wrile off each asset over its estimated useful life. Fixtures and fittings 25 /0 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 al the discretion of the trustees. Restricled funds can only be used for particular restricted purposes within the objects of the charity. Restrictions aris¢ when specified by the donoT or when funds aTe raised foT particular restricted PUTposes. Further explanalion of the na(ure and purpose of each fund is included in the notes to Ihe financial slatements. Pension costs and other post-retirement benefits The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activilies in the period to which they relate. Page 5 conlinued...
Docusign Envelope ID.. FE7A6FB&58B048BA-A35C-D12CCDA937CA Madina Instithte Note% to the Financial Statement% - continu¢d for the Year Ended 31 Janua 2024 Trustees, remuneration and benefits There were no trustees, remuneration or other benefits for the year ended 31 January 2024 nor for the year ended 31 January 2023. Trustees, expenses There were no trustees, expenses paid for the year ended 31 January 2024 nor for the year ended 31 January 2023. Staff costs The average monthly number of employees during the year was as follows: 31.1.24 31.1.23 Average number of employees No employees received emoluments in excess of £60,000. Comparatives for the statement of financial activities Unrestricted fund Income and endoiTr'ment5 from Donations and legacies 182,848 Expenditure on Raising tunds 106,609 Other 41,662 Total 148,271 ET IINCOME 34,577 Reconeiliation of funds Total fLLnds brought fonvard 203,155 Total funds carried forward 237,732 Page 6 conlinued...
Docusign Envelope ID.. FE7A6FB&58B048BA-A35C-D12CCDA937CA Madina Instithte Note% to the Financial Statement% - Lontinued for the Year Ended 31 Janua 2024 Tangible fixed assets Fixtures Freehold property fittings Totals Cost At l February 2023 Additions 255,831 13,025 7,815 268,856 7,815 At 31 January 2024 255.831 20.840 276,671 Depreciation At l F¢bru(1ry 2023 Charge for year 10,412 2,608 10,412 2,608 At 31 January 2024 13,020 13,020 INet book value At 31 January 2024 255,831 7,820 263,651 At 31 January 2023 255,831 2,613 258,444 Debtors: amount5 falling due within one year 31.1.24 31.1.23 Trade debtors Other debtoTs 23,043 9,505 1,058 32,548 1,058 Creditors: amount5 falling due Ivithin one year 31.1.24 31.1.23 Trade crediiors Taxation and Social security Other creditors 4,244 3,146 4,648 7,709 2,336 3,753 12.038 13,798 Page 7 conlinued...
Docusign Envelope ID.. FE7A6FB&58B048BA-A35C-D12CCDA937CA Madina Instithte Note% to the Financial Statement% - continued for the Year Ended 31 Janua 2024 Creditors: amounts falling due after more than one year 31.1.24 31.1.23 Other creditors 63,172 70,232 Loans An analysis of the maturity of loans is given below- 31.1.24 31.1.23 Amounts falling between one and two years: Other loans - 1-2 years 63,172 70,232 io. Moi'ement in funds Net movement in funds At 31.1.24 At 1.2.23 Unrestricted funds General fund 237.732 64,164 301,896 TOTAL FUNDS 237,732 64,164 301,896 Net movement in funds, included in the above are as follows: IT]coming resources Resources expended Movement in funds Unrestrieted funds General fund 253.465 (189,301) 64,164 TOTAL FUNDS 253,465 (189,301) 64,164 Comparatives for movement in funds Net movement in funds At 31.1.23 At 1.2.22 Unrestricted fund5 General fund 203,155 34,577 237,732 TOTAL FUNDS 203,155 34.577 237.732 Page 8 conlinued...
Docusign Envelope ID.. FE7A6FB&58B048BA-A35C-D12CCDA937CA Madina Instithte Note% to the Financial Statement% - Lontinued for the Year Ended 31 Janua 2024 io. Movement in funds - continued Comparative net movement in funds, included in the above are as follows: Incovning resources Resowces expended Movernent in funds Unrestricted funds General fund 182,848 (148,271) 34,577 TOTAL FUIYDS 182,848 (148.271) 34.577 A current year 12 months and prior year 12 months combined position is as follows.. Net movement in funds At 31.1.24 At 1.2.22 Unrestricted funds General fund 203,155 98,741 301,896 TOTAL FUNDS 203,155 98,741 301,896 A current year 12 months and prior year 12 months combined net movement in funds. included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestrieted funds General fund 436,313 (337,572) 98,741 TOTAL FUNDS 436,313 (337.572) 98,741 Page 9 conlinued...
Docusign Envelope ID.. FE7A6FB&58B048BA-A35C-D12CCDA937CA Madina Instite Note% to the FinanLial Statement% - continued for the Year Ended 31 Janua 2024 ii. Related party disclosures Mr Arshad Mahmood and Mr Sajad Hussain are also trustees in Planet Mercy (1150069). Page 10
Docusign Envelope ID.. FE7A6FB&58B048BA-A35C-D12CCDA937CA Madina Instithte Detailed Statement of FinanLial Activities for the Year Ended 31 Janua 2024 31.1.24 31.1.23 Income and endowment5 Donations and legacies Donations Space hire revenue Other revenue Education fees received 184,109 400 732 68,224 182,848 253,465 182,848 Total incoming resources 253,465 182,848 Expenditure Raising donations and legacies Activities for generating fund 29,967 25,901 Other trading activities Depreciation of tangible fixed assets 2,608 871 Other Pension5 177 168 Support costs Management Wages Premises costs Insurance Postage and stationery Advertising Sundries Consultancy fee IT Software & Consumables 41,916 7,089 857 2,779 4,640 2,256 9,908 288 48,354 12,187 6,733 305 959 1,294 16,671 69,733 86,503 Finance Bank charges 1.055 571 Other Rates and water Telephone Travel costs Building repairs 9,230 973 447 67,860 12,929 751 15,627 78,510 29,307 This page does not form part of the siatutory financial stateinents Pagell
Docusign Envelope ID.. FE7A6FB&58B048BA-A35C-D12CCDA937CA Madina Instithte Detailed Statement of FinanLial Activities for the Year Ended 31 Janua 2024 31.1.24 31.1.23 Other Governance costs Accountancy fee Professional subscriptions Staff training 5,640 646 965 4,230 720 7,251 4,950 Total resources expended 189,301 148.271 et income 64,164 34,577 This page does not form part of the siatutory financial stateinents Page 12