REGISTERED CHARrfY NUMBER: 1151818 Re rt of the Tn]stces and dited Financia] Statenients for the Year Ended 31 March 2024 for Education Tntst M.F Khan & Co 375 Coventry Road S]nal Heath Bimiingham West Midlands BIOOSW
ial Ststements Year Ended 31 Marcb 2024 Report of tbe TNstees Indepe1¢1 Examiuer's Report Statement of Financial Activiti Balallce Sheet Notes to the Ftnancial Statements 5 to 9 Detailed Statement of Finat)cial Attivities io
ra Education Trust LK Re ort of ibe Trustees for the Year Ended 024 The ttwtees present their report with the fvaDcial statetnents of the charity for the ytar ended 31 March 2024. The trustets have adopled the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance hith the FinanciaI Reporting Standard applicable in the UK 8nd Republic of Ireland (FRS 102) (effective l January 2019). STRLCTURF,, COTrERNLNCE AND MLYAGEMEFrr Goi'erning docuJDent The charity is Controll by its governing docutnenl a deed of trust and constitutes an unincorporated charity. REFERENCE AND ADMU%isTRATIVE DETAIts Registered Charlty nutnb¢r 1151818 Prln¢lp21 #ddress 1154 Per5hore Road Stirchiey Birmingham We$t Midlands B30 2YG TTUSt¢e$ M K Hussain Q Aslarn S Akhtar ADAII IndepeDdeDI Eiamin¢T M.F Khan & Co 375 Coventy R(>ad Smai Heath Birmingham West Midlands BIO OSW Approved by order of the board of trusltts OD 16 Mas. 2025 and sigtied on its hlf by.. M K Hyssain- Thtee Page I
Inde endeni Exarninels Re I ra Educaiion Trust ort to the Tntee5 of Independent examiner's report to the trustees of Iqra Edueatlon Trust IUK) I report to the charity truMees on my examination of the accounts gf Iqra E"ducation Trust IUK) (the TSt) for the year ended 31 March 2024. Responsibilities and basis of report As th¢ charity trustees of the Trust )ou are r&8ponsiblc for the prepaJation of th¢ aOlts in accordance with the require]nents of the Charities Ad 2011 Cthe Acv). I report in respect of my examination of the TrV5 3QuUts Caled out under Section 145 of the Act and in carrying out my examination I have followed all applicabl¢ Dir¢¢tioDs given by the Charity Commission under Se¢tion l45(SMb) of the Act. llldependeDt examiner's statement I have Completed my examination. I confum that no n]ateri81 TDatt¢rs have come to my attention in connection with the examination giving me cause to believe in any malerial r¢speci.' accoullting ttcords w¢r¢ not kept in respect of the Tnjst &8 requir by Section 130 of the A¢t; or the accounts do not arxord with those records,. or the accounts do not comply with the applicable requirements cottceming the forn] and content of accounts set out in the Clwities (Accounts and Reports) Regulations ?008 other than any requirement th&t tlie accounts give true and fair view wlJi¢h is ]Jot a matter considered ai part of an independent examination. I have no concerns and have ¢ome a¢ross no other rnatt in connectii)D with the examination to whT¢h attention should be draw in thi5 report in order to ¢nable a proper understallding ofthe accounLS to be reach¢d. MTN Khan M.F Khan & Co 375 Coventy Road Smal Heath Birmlligha West Midlands BIO OSW 16 May 2025 Page 2
ra Edu¢ation Tryst Statement of Financial.4ctivities for the Year Ended 3 1 March 2024 31.3.24 Unrestricted fund 31.3.23 Total nds Notes INCOME AND ENDOWMENTS FROM Donations and legacie5 52,080 18,176 InveStent income 26,767 14,638 Total 78,847 32,814 EXPEYDITURE ON Raising fvnds 35,887 26,636 NET IP4COME 42,960 6.178 RF.CONCILIATION OF FUNDS Total fundg broUt ftrnvard 276,640 270.462 TOTAL FUNDS CARRtED FORWARD 319,6 276,640 The notes fonn part of these finaT)¢ial ststernents Page 3
I ra Education Trust Balan¢¢ Sheet 31 March 2024 31.3.24 Unrestricted fLmd 31.3.23 Total funds Notes FIXED ASSETS Tangible assets 332.595 191,986 CURRENf ASSETS Debtor5 Cash at bank and ill hand 148 5,503 84,775 5,651 84,819 CREDiroRs Amounis falling due within one year (18,646) 1165) NET CURRENT ASSETS {12,995) 84,654 TOT AL ASSFTS LE CURREflT LIABILIITES 319,600 276,640 NET ASSETS 319,600 276,640 UnTestrided funits 319,600 276,640 319,600 276,640 The filltIal statements wetE approv¢d by the B08rd of #nd authorised for issue Oll 16 May 2025 and were 9ign¢d on its b¢haif by.. M K Hussain- Tnkstee The notes forni part of these fllRrncial statements P4¢4
I ra Education Tht Notes to the Financial Statemen for the arch 2024 ACCOUF4TtNG POLICIES Basts of preparlng the fillanetxl ytateTneDts The financial stements of the charity, which is a public benefit entity under FRS 102, have be¢D pr¢pard in accordance with the Clwities SORP (FRS 102) 'Ac¢ounting and Reporting by Charities: Statement of Recommended Practice 8ppIicable to Charities preparing their accounts in accordance with Financial R¢porting Stslldard appliubl¢ in the UK and Republic of Ireland {FRS 102) (effective l January 2019),, Financial R¢porllg Standard 102 The Financial Reporting Standard applicable in thE UK and Republic of Ireland, and the Charities Act 2011. The financial statements have been prepaTrd under the historical cost ctrnvention. IllcoE All in¢om¢ 1$ r¢¢ognised in the Statement of Financial Activities once the charity, ha4 entitlement to the funds, it 15 probable that the income will be received and the amount can be In&ured reliably. xpenditure Liabilities are recogllised as expenditure as soott th¢re is o legal or ¢on$tru¢tive obligation committing the charity to that expelldÉture, it is Probable ibat a tran)-f¢r of economic benefiLq will be reqed in settlement and the amount of the oblig8tion Can b¢ m¢asured reliably. Expenditure is accounted for on att atcrua]5 blS and h&8 been classified under headings that wegate all cost related to the category. Where costs cannot be directly attributed to particular headmgs they have bcell allocated io activiti¢5 on a basis consistent with the use of resources. Tangible fixed assets Depreci&tion is prtsvid¢d at the following antll] rdtes in order to write off each &sset OVEr its estimated useful lif¢. Fixtures and fittillgs 25Yo Oll Ttducing balance Taxation The charity is exempt from tsx on its ¢haritsbl¢ activitie5. Fund aeeounting Unrestricted fid5 cwj used in aCrdanCe with the charitable objectives at the discretion of the trustees. Restricted funds can only be iised for particular restricted purpos within the objects of the cbarity. Restrictions ise wha) specified by the donor or whell fullds are raised for particular restricted purpos&g. Further explaDation of tbe nature and purpose of each fi]nd is in¢luded in the note5 to the finaJ)cial staternents. Pension costs and ottrLer post-retirement benefits The charity operates a defined eontrtbution pensioll scheme. Contributions payable Éo the charity's pension scheme are charged to the Swwent of Fitw)cial Activities in the period to wbich they rel*e. INVESTMENf INCOME 31.324 31.3.23 Rents received Deposit account illt¢r¢st 25,732 1,035 14,638 26,767 14,638 Pag¢ 5 continued...
I ra Education Trust tes to the Financial Statements- c for the Year nd¢d 31 March 2024 ue RAlslng donatlons attd legaties 31.3.24 31.323 Sta(fGosts Rat¢s and wat¢r Light and iLeat Posiage and stationery Sundries Depreciation Support costs 16,310 520 6.013 14,821 431 3,592 42 418 388 518 23,649 19,408 lllvestment mallagement Costs 31.3.24 31.3.23 Council tax Property repatrs Maintenatsce cbarges 454 11,764 20 909 6,319 12,938 7,228 Aggregate arnOts 35,887 26,636 TRUSTEES, REMUNERATION AND BE.NEF113 There wert UO trustee5' r¢muneT8ti¢)n or other benefits for the year ended 31 March 2024 nor for tbe yEar ended 31 Myrch 2023. Trustees, expens There were no trustees, expensts ld for the year ended 31 March 2014 nor for the ended 31 March 2023. COMPARATIVES FOR THE STATEL OF FINANCIAL ACTIVITIES Unrestricted fifftd INCOlE AND ENDowhfENTS FROM Donations and legacies 18.176 Investment income 14,638 Total 32,814 EXPENDITURE ON Raising fund5 26,636 NET INCOME 6,178 Page 6 continued...
Education Trugt Notes to the Financi Statemen for tELe Year Ended 31 March 2024 ntinlled COMPARATIVES FOR THE STATELIIE.NT OF FINAE4CIAL AcfIvITIES- eolltlnued Unrestricted fwid RECONCILIATION OF FUNDS Total funds brought forward 270,462 TOTAL FufqDS CARRtED FORWARD 276.640 TANGIBLE FIXED ASSETS Improvemellts Fixtures Freehold property propety fittings Totsls COST At l April 2023 Additions 151.082 I40,998 39,350 12230 202,662 140,998 At 31 March 2024 292.080 39.350 12,230 343,660 DF.PRF,CiATION At l April 2023 Charge foT year 10.676 389 10,676 389 At 31 March 2024 11,065 11,065 NET BOOK VALUE At 31 March 20A? 29? 080 1,165 332,595 At 31 March 2023 39.350 1,554 191,986 DEBTORS: AMOUNTS FALLU¥C DUE WITHIN ONE YEAR 31.324 31.3.23 Other debtors 148 Page 7 continued...
I ra Education TTUSI UK Notes to the Financial Statements- continued CREDrroRS: FAtLING DUK WITHIN ONE YEAR 31.3.24 31.3.23 Taxaiion and social security Other creditors 165 18,646 18,646 165 MOVEMEhT IN FUNDS Net mov¢rnenl ID fitnds At 31.3.24 At 1.4.23 Unresirieted funds Gener21 fund 276.640 42.960 319.600 TOTAL FUNDS 276.640 42,960 319,600 Net movement in flltth, included iti the above are as follows: Incomillg resour¢e5 Resoiirc expended Nloverne¥Lt in funds Unrestrlcled funds General fund 78.847 (35,887) 42,960 TOTAL FUNDS 78,847 (35,887) 42.960 Comparatives for woveTheryt ID funds Nel ov¢ettt in funds At 31.3.23 At 1.4.22 Unrestricted fund5 General fijnd 270.462 6.178 276,640 TOTAL Fuf4DS 270.462 6,178 276,640 Comparative net movement iti illclud¢d in the above are as follows: Resources expended Movement in funds resources Ullr&slrleted funds General fill 3?,8R4 126.636) 6,178 TOTAL FUNDS 32,814 (26,636} 6,178 Poge 8 contlliued...
I ra Education Trust otes io the FinallcÉal Statetllents- continued for the Year Ended 31 Mah 2024 MOVEMENT IN FUNDS- continued A current year 12 months and prKor year l2 mouths combined position is &8 follo.. Net movement in fLncLs At 3 1.324 At 1.4.22 Lnrestricted funds Genwal fuTLd 270,462 49,138 319,6(M) TOTAL FUNDS 270,462 49,138 319,600 A current year 12 mouth5 and PriOT year 12 motth combined Det rnoveTllent in funds, included in tbe above are a5 follows: In¢oming Resources rwurces expended Movement in funds Unre8trl¢t¢d fund$ GeneraI fid 111,661 (62.523) 49,138 TOTAL FUNDS 111,661 (62,543) 49,138 io, RELATED PARTY DISCLOSURES There were no related paty trdDsactions forthe year ended 31 March 2024. Page 9
Education Trust Detail¢d Slat¢TKL¢llt f Financial Activiti for the Ytrar Ended 31 March 20 31.3.24 31.3.23 INCOME AND ENDOWMEYI TS DDtiations legacles DotionS 52,080 l8,176 Investment Income Rents received Deposit account interest 25.732 1,035 14.638 26,767 14,638 Total Ineomlt)g resources 78.847 32,814 ExPENDURE RaisiD% donations and legacles Wages PeJ]sions Rat¢S dnd water Light alld heat Postage and stationery Sundries Dcpreoiation of tatigtble fixed 16,310 14,804 17 431 3,592 42 520 6.013 418 388 518 23,649 19,404 InY¢stThent JnMnagem¢nt ¢osÉ$ Council t& Property repai] Maintenance charges 454 11,764 20 909 6.319 12238 7,228 Support costs Finance Bank charge8 Tota] resources expended 35,887 26,636 Net incoThe 42,960 6,178 This page does not forni part of the slatutory fuwwial ststemenfs Page 10