2024-07-31-accounts - Madrassa Faiz-E-Raza

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REGISTERED CHARITY NUMBER: 1155170

TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JULY 2024

FOR

MADRASSA FAIZ-E-RAZA

Watergates Ltd 109 Coleman Road Leicester LE5 4LE

MADRASSA FAIZ-E-RAZA CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JULY 2024

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Page
Trustees' Report 1
Independent Examiner's Report 2
Statement of Financial Activities 3
Statement of Financial Position 4
Notes to the Financial Statements 5 to 9
Detailed Statement of Financial Activities 10 to 11
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MADRASSA FAIZ-E-RAZA

TRUSTEES' REPORT FOR THE YEAR ENDED 31ST JULY 2024

The trustees present their report with the financial statements of the charity for the year ended 31st July 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).

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 1155170

Principal address

341 Humberstone Road LEICESTER LE5 3DF

Trustees

Mr. S D Bajibhai Trustee Mr I N Patel Chair Mr M H Daud Trustee Mr A M Soneji Trustee Mr M G Mohamed Trustee

Independent Examiner

Nazir Malida ACCA Watergates Ltd 109 Coleman Road Leicester LE5 4LE

Approved by order of the board of trustees on 4th June 2025 and signed on its behalf by:

Mr. S D Bajibhai - Trustee

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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MADRASSA FAIZ-E-RAZA

Independent examiner's report to the trustees of Madrassa Faiz-e-Raza

I report to the charity trustees on my examination of the accounts of Madrassa Faiz-e-Raza (the Trust) for the year ended 31st July 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:

accounting records were not kept in respect of the Trust as required 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 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.

Nazir Malida ACCA

Watergates Ltd 109 Coleman Road Leicester LE5 4LE

4th June 2025

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MADRASSA FAIZ-E-RAZA

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST JULY 2024

Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 61,939 Charitable activities Maddressa fees 11,229 Investment income 2 21 Total 73,189 EXPENDITURE ON Raising funds 3 1,200 Charitable activities Administration 11,511 Maddressa fees 37,592 Zakaat - Total 50,303 NET INCOME 22,886 RECONCILIATION OF FUNDS Total funds brought forward 217,457 TOTAL FUNDS CARRIED FORWARD 240,343	Restricted fund £ 2,431 - - 2,431 - - - 1,760 1,760 671 - 671	31/7/24 Total funds £ 64,370 11,229 21 75,620 1,200 11,511 37,592 1,760 52,063 23,557 217,457 241,014	31/7/23 Total funds £ 44,988 4,545 9 49,542 - - 34,209 - 34,209 15,333 202,124 217,457

The notes on page 0 form part of these financial statements

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MADRASSA FAIZ-E-RAZA

STATEMENT OF FINANCIAL POSITION 31ST JULY 2024

Unrestricted fund Notes £ FIXED ASSETS Tangible assets 6 269,020 CURRENT ASSETS Debtors 7 15,335 Cash at bank and in hand 43,182 58,517 CREDITORS Amounts falling due within one year 8 (1,800) NET CURRENT ASSETS 56,717 TOTAL ASSETS LESS CURRENT LIABILITIES 325,737 CREDITORS Amounts falling due after more than one year 9 (85,394) NET ASSETS 240,343 FUNDS 10 Unrestricted funds Restricted funds TOTAL FUNDS	Restricted fund £ - - 671 671 - 671 671 - 671	31/7/24 Total funds £ 269,020 15,335 43,853 59,188 (1,800) 57,388 326,408 (85,394) 241,014 240,343 671 241,014	31/7/23 Total funds £ 269,812 9,359 25,855 35,214 (900) 34,314 304,126 (86,669) 217,457 217,457 - 217,457

The financial statements were approved by the Board of Trustees and authorised for issue on 4th June 2025 and were signed on its behalf by:

Mr. S D Bajibhai - Trustee

The notes on page 0 form part of these financial statements

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MADRASSA FAIZ-E-RAZA

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JULY 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.

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 Activities in the period to which they relate.

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MADRASSA FAIZ-E-RAZA

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST JULY 2024

2. INVESTMENT INCOME

2. INVESTMENT INCOME
Deposit account interest	31/7/24 31/7/23 £ £ 21 9
3. RAISING FUNDS RAISING DONATIONS AND LEGACIES Support costs	31/7/24 31/7/23 £ £ 1,200 -

4. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31st July 2024 nor for the year ended 31st July 2023.

TRUSTEES' EXPENSES

There were no trustees' expenses paid for the year ended 31st July 2024 nor for the year ended 31st July 2023.

5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 44,988 Charitable activities Maddressa fees 4,545 Investment income 9 Total 49,542 EXPENDITURE ON Charitable activities Maddressa fees 34,209 NET INCOME 15,333 RECONCILIATION OF FUNDS Total funds brought forward 202,124 TOTAL FUNDS CARRIED FORWARD 217,457	Restricted fund £ - - - - - - - -	Total funds £ 44,988 4,545 9 49,542 34,209 15,333 202,124 217,457

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MADRASSA FAIZ-E-RAZA

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST JULY 2024

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6. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£ £ £
COST
At 1st August 2023 and 31st July 2024 264,533 16,675 281,208
DEPRECIATION
-
At 1st August 2023 11,396 11,396
Charge for year - 792 792
-
At 31st July 2024 12,188 12,188
NET BOOK VALUE
At 31st July 2024 264,533 4,487 269,020
At 31st July 2023 264,533 5,279 269,812
7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/24 31/7/23
£ £
Other debtors 15,335 9,359
8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/24 31/7/23
£ £
Trade creditors 900 -
Other creditors 900 900
1,800 900
9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/7/24 31/7/23
£ £
Taxation and social security 580 605
Other creditors 84,814 86,064
85,394 86,669
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MADRASSA FAIZ-E-RAZA

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST JULY 2024

10. MOVEMENT IN FUNDS

At 1.8.23
£
Unrestricted funds
General fund
217,457
Restricted funds
Restricted
-
TOTAL FUNDS
217,457
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
73,189
Restricted funds
Restricted
2,431
TOTAL FUNDS
75,620
Comparatives for movement in funds
At 1.8.22
£
Unrestricted funds
General fund
202,124
TOTAL FUNDS
202,124
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
49,542
TOTAL FUNDS
49,542

Net
movement
At
in funds
31.7.24
£
£
22,886
240,343
671
671
23,557
241,014
Resources
Movement
expended
in funds
£
£
(50,303)
22,886
(1,760)
671
(52,063)
23,557
Net
movement
At
in funds
31.7.23
£
£
15,333
217,457
15,333
217,457
Resources
Movement
expended
in funds
£
£
(34,209)
15,333
(34,209)
15,333

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MADRASSA FAIZ-E-RAZA

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST JULY 2024

10. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds General fund Restricted funds Restricted TOTAL FUNDS	At 1.8.22 £ 202,124 - 202,124	Net movement in funds £ 38,219 671 38,890	At 31.7.24 £ 240,343 671 241,014

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 Restricted funds Restricted	Incoming Resources resources expended £ £ 122,731 (84,512) 2,431 (1,760)	Movement in funds £ 38,219 671
TOTAL FUNDS	125,162 (86,272)	38,890

11. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31st July 2024.

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MADRASSA FAIZ-E-RAZA

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST JULY 2024

INCOME AND ENDOWMENTS Donations and legacies Donations Zakaat	31/7/24 31/7/23 £ £ 61,939 44,988 2,431 -
Investment income Deposit account interest Charitable activities Maddressa fees	64,370 44,988 21 9 11,229 4,545
Total incoming resources EXPENDITURE Charitable activities Wages Pensions Rates and water Insurance Light and heat Telephone Postage and stationery Books & resources Zakaat	75,620 49,542 27,078 20,166 50 - 140 67 1,391 1,220 8,150 2,830 901 907 1,562 1,306 6,022 1,534 1,760 -
Support costs Management Advertising Finance Bank charges Information technology Repairs and renewals Human resources Staff training & welfare Governance costs Accountancy and legal fees Depreciation of tangible fixed assets	47,054 28,030 86 281 192 - 1,839 4,066 1,200 - 900 900 792 932
	1,692 1,832

This page does not form part of the statutory financial statements

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MADRASSA FAIZ-E-RAZA

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST JULY 2024

	31/7/24 31/7/23 £ £
Total resources expended	52,063 34,209
Net income	23,557 15,333

This page does not form part of the statutory financial statements

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Signed By

Salim daud bajibhai

Date Signed 2025-06-04 12:38:48 Email bilaltours@hotmail.com Printed Name Salim daud bajibhai IP Address 2001:16a4:268:3b0a:1845:aea9:d4d8:ae77 Browser User Agent Mozilla/5.0 (Linux; Android 10; K) AppleWebKit/537.36 (KHTML, like Gecko) SamsungBrowser/28.0 Chrome/130.0.0.0 Mobile Safari/537.36 Name of signatory Salim Daud Bajibhai