**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** **----- Start of picture text -----**
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
**----- End of picture text -----**
**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 -1- **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: 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. Nazir Malida ACCA Watergates Ltd 109 Coleman Road Leicester LE5 4LE 4th June 2025 -2- **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 -3- ## **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 -4- **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. -5- **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| |---|---|---| -6- **MADRASSA FAIZ-E-RAZA** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST JULY 2024** **----- Start of picture text -----**
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
**----- End of picture text -----**
-7- **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| |---|---| -8- **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. -9- **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 -10- **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 -11- 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