Registered Charity number: 1155236
EDEN ACADEMY COVENTRY REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
EDEN ACADEMY COVENTRY
| Report of the Trustees | 1 to 3 |
|---|---|
| Independent Examiner's Report | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
| Notes to the Financial Statements | 7 |
| Detailed Statement of Financial Activities | 8 |
EDEN ACADEMY COVENTRY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 March 2023
The trustees of the charity present their report and the financial statements of the charity FOR THE YEAR ENDED 31 March 2023.
Registered Charity number 1155236
Registered office
74 Paynes Lane Coventry CV1 5LL
Chair
Habibur Rahman Trustees Suhel Ahmed Qari M E Haque M A Odud Shajan Ali Dr. Mohammed Mosleuddin Farid Abdullah Mohammad Ismail Abdul Kalam Prodha Parvez Syed Jamirul Islam Sarwar Hussain Chowdhury Roksana Ahmed Abu Tahir Mukarram Hasan Abida Sultana Abdul Hannan
Bankers HSBC Bank plc
Independent Examiner
A AHMAD 28 Shaftmoor Lane Acocks Green Birmingham B27 7RS
Page 1
EDEN ACADEMY COVENTRY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 March 2023
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a trust deed.
Recruitment and appointment of new trustee
New trustee are appointed by the Management committee.
Induction and training of new trustees
New trustees are trained by current trustees.
Organisational structure
New Trustees undergo an orientation day to brief them on their legal obligations under charity, the content of memorandum, the committee and decisions making process, the business plan and recent financial performance of the charity. During the induction day they meet other trustees. Trustees are encouraged to attend appropriate external training events where these will facilitate the undertaking of their role.
Wider network
The charity has no connections with other charities.
Related parties
The charity is not holding assets on behalf of another charity
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
OBJECTIVES AND ACTIVITIES
Objectives and aims
The aims and objectives of the charity is the advancement of the education of Bangladeshi and other Muslims.
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EDEN ACADEMY COVENTRY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 March 2023
Significant activities
The charity obtains most of it's income from donations.
Volunteers
The charity welcomes volunteers to assist in it's work.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The charity was incorporated in January 2014. The aims and objectives of the charity is the advancement of the education of Bangladeshi and other Muslim communities particularly
of the education of young persons and teaching of the Quran to young children.
Post Balance Sheet Event
There were no significant events since the year end.
The charity's income from all sources during the year was £118,318 The income is expected to increase during current year. (2022: 110,107 )
Internal and external factors
The charities activities are affected by general financial factors in the economy.
FINANCIAL REVIEW
Reserves policy
The charity accumulates reserves for future activities.
FINANCIAL REVIEW
Principal Funding sources
The charity receives most of it's income from publics donations.
FUTURE DEVELOPMENTS
The charity intends to continue to promote the Muslim faith in Coventry and West Midlands.
ON BEHALF OF THE BOARD:
Habibur Rahman (Chair)
26th January 2024
Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF EDEN ACADEMY COVENTRY
I report on the accounts for the year ended 31 March 2023 set out on pages five and eleven.
Respective responsibilities of trustees and examiners
The charity trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year (under Section 43(2) of the
Charities Act 1993 (the 1993 Act) and that an independent examination is required.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
-
examine the account under Section 43 of the 1993 Act
-
to follow the procedures laid down in the General Directions given by the Charity Commission (under Section 43(7)(b) of the 1993 Act); and
-
to state whether particular matters have come to my attention.
Basis of the independent examiner's report
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statements below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention to which, in my opinion attention should be drawn in order to enable a proper understanding of the accounts to be reached.
A AHMAD 28 Shaftmoor Lane Acocks Green Birmingham B27 7RS 26th January 2024
Page 4
EDEN ACADEMY COVENTRY
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 March 2023
| 2023 Unrestricted funds Notes £ INCOME RESOURCES Incoming resources from generated funds Voluntary income 118,318 RESOURCES EXPENDED Governance costs 1,538 Other resources expended 14,956 Total resources expended 16,494 NET INCOMING RESOURCES 101,824 RECONCILIATION OF FUNDS Total funds brought forward 158,291 TOTAL FUNDS CARRIED FORWARD 260,115 |
2022 Total funds £ 110,107 480 1,731 |
|---|---|
| 2,211 | |
| 107,896 50395 |
|
| 158,291 |
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EDEN ACADEMY COVENTRY
BALANCE SHEET AT 31 March 2023
| 2023 Unrestricted funds Notes £ FIXED ASSETS Tangible assets 5 230,000 CURRENT ASSETS Debtors 6 34,500 Cash at bank and in hand 66,755 101,255 CREDITORS Amounts falling due within one year 7 71,140 NET CURRENT ASSETS/(LIABILITIES) 30,115 TOTAL ASSETS LESS CURRENT LIABILITIES 260,115 NET ASSETS 260,115 FUNDS Unrestricted funds: General fund 260,115 TOTAL FUNDS 260,115 |
2022 Total funds £ 0 34,500 141,121 |
|---|---|
| 175,621 17,330 |
|
| 158,291 | |
| 158,291 | |
| 158,291 | |
| 158,291 | |
| 158,291 |
Page 6
EDEN ACADEMY COVENTRY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 March 2023
| 1 TANGIBLE FIXED ASSETS Freehold property COST At 1 April 2022 05.05.22 Bawar Association 230,000 At 31 March 2023 230,000 DEPRECIATION At 1 April 2022 Charge for year At 31 March 2023 0 NET BOOK VALUE At 31 March 2023 230,000 At 31 March 2022 0 2 DEBTORS: AMOUNTS DUE WITHIN ONE YEAR 2023 £ Debtors 34,500 3 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 £ Other loans 70,390 Accruals and deferred income 750 71,140 4 MOVEMENT IN FUND Net At 1.4.22 movement in funds £ £ Unrestricted funds General fund 158291 101,824 158,291 101,824 TOTAL FUNDS |
2022 £ 34500 |
|---|---|
| 2022 £ 16,850 480 |
|
| 17,330 | |
| At 31.3.2023 £ 260115 |
|
| 260,115 | |
| Page 7 |
EDEN ACADEMY COVENTRY
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 March 2023
| INCOMING RESOURCES Voluntary income Donations HMRC Giftaid Total incoming resources RESOURCES EXPENDED Governance costs Legal and professional charges Support costs Management Costs of generatng funds Wages Repairs and maintenance Insurance Stationery Sundry expenses Bank charges Travel expenses Canteen expenses Finance Bank charges and interest Total resources expended Net Income |
2023 £ 113,273 5,045 118,318 1,538 1,538 5,820 364 292 1,238 107 1,196 200 5,739 14,956 16,494 101,824 |
2022 £ 110,107 |
|---|---|---|
| 110,107 480 |
||
| 480 680 301 70 680 |
||
| 1,731 | ||
| 2,211 | ||
| 107,896 |
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