Charity number: 1158519
Eternal Light Secondary School
Report of the Trustees and Unaudited Financial Statements
For the year ended 31 August 2020
Eternal Light Secondary School Contents Page For the year ended 31 August 2020
| Report of the Trustees | 1 to 2 |
|---|---|
| Independent Examiner's Report to the Trustees | 3 |
| Statement of Financial Activities | 4 |
| Statement of Financial Position | 5 |
| Notes to the Financial Statements | 6 to 11 |
| Detailed Statement of Financial Activities | 12 to 13 |
Eternal Light Secondary School Report of the Trustees
For the year ended 31 August 2020
The Trustees have pleasure in presenting their report and the financial statements for the charity for the year ended 31 August 2020. 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 the Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
The charity's objectives are the advancement of education in Bradford as well as advancing the benefit and practise of the religion of Islam for the benefit of the public, by the furtherance of the schoold known as Eternal Light Secondary School, together with the connected property and assets. These objectives have continued throughout the year and remain unchanged,
Objectives and aims
The trustees have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.
ACHIEVEMENTS AND PERFORMANCE
The year has been a particularly challenging one for Eternal Light - as it has been for all others - due to COVID19. What started off as a normal academic year, the start of 2020 brought about a change like no other.
Despite the disruptions brought by the pandemic, staff and students continued and adapted the new way of teaching and learning during the first lockdown. All lesson were conducted online with support provided for parents and learners who had trouble with accessing computers or the internet.
Year 11 students completed their GCSE examinations with more than 95% of pupils achieving a Grade 4 and above in all subjects.
At the start of the year, pupils were taken on a trip to Blackpool Pleasure Beach, as well as a visit to Bradford Alhambra Theatre to watch An Inspector Calls as part of their GCSE English studies.
Many of the other visits, treats and outings Eternal Light had planned were cancelled due to the lockdown.
Despite the challenges faced when schools were closed, the school managed to ensure continuation of education throughout. Many of the students were also actively involved with organising food packs for keyworkers and the vulnerable in the community.
FINANCIAL REVIEW
Significant events
During the year Eternal Light recevied COVID grants totalling £29,474.
Reserves
It is the policy of the chairty that group unrestrcited funds which have not been designated for a specific use be maintainted and grown. From this the trustees plan to undertake further capital projects to benefit the school.
It is the policy of the charity to review the general fund position with a view to create a separate designated fund for bursaries for talented pupils from disadvantaged backgrounds. Unrestricted general reserves as at 31 August 2020 stood at £705,257 (2019: £546,444).
The trustees are satisfied with the performance of the charity during the year and the position at 31 August 2020 given the conditions created by the pandemic.. The trustees consider that the charity is in a strong position and are confirdent that at this level they would be able to continue the current activities of the charity in the future.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is registered as a charity under the Charities Act 1993. It is governed by its Trust Deed dated 13 December 2013 (amended 8 August 2014). The charity enjoys charitable status for taxation purposes.
Anyone over the age of 18 can become a member of the charity subject to approval by the trustees.
No trustee has any beneficial interest in the charity.
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Eternal Light Secondary School Report of the Trustees Continued
For the year ended 31 August 2020
Recruitment and appointment of trustees
There have to be a minimum of 3 trustees.There is no maximum limit. Every new trustee has to be a appointed by a resolution of the trustees passed at a special meeting.
Prospective trustees must have regard to the skills, knowledge and experience relevant to the charity,
Newly appointed trustees undergo an orientation day to brief them on the legal obligations under Charity Law, the content of the Trust Deed and the processes on decision making within the organisation. Trustees also make acquaintance with key members of the school and its management. The charity enourages trustees to attend, at their discretion, appropriate external training events where these will be of use for the undertaking of the role.
REFERENCE AND ADMINISTRATIVE INFORMATION
Name of Charity Eternal Light Secondary School Charity registration number 1158519 Principal address Christopher Street Bradford West Yorkshire BD5 9DH
Trustees
The trustees and officers serving during the year and since the year end were as follows:
Mr F Mussa Mr M Raqeeb Mr U Iqbal Mr A Ali Mr I Khan Independent examiners H Raja Associates 2 Fieldhead Street Fieldhead Business Centre Bradford West Yorkshire BD7 1LW
Approved by the Board of Trustees and signed on its behalf by
............................................................................. 30 June 2021 Mr F Mussa
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Eternal Light Secondary School Independent Examiners Report to the Trustees
For the year ended 31 August 2020
I report to the trustees on my examination of the accounts of the charity for the year ended 31 August 2020.
Responsibilities and basis of report
As the charity trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiners statement
Since the Charity’s gross income exceeded £250,000, your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination by virtue of my membership of , which is one of the listed bodies.
I have completed my examination. I confirm that no 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 Charity as required by section 130 of the 2011 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.
H Raja Associates 2 Fieldhead Street Fieldhead Business Centre
Bradford West Yorkshire BD7 1LW
30 June 2021
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Eternal Light Secondary School Statement of Financial Activities For the year ended 31 August 2020
| Notes Income and endowments from: Donations and legacies 2 Charitable activities 3 Investments 4 Other income 5 Total Expenditure on: Charitable activities 6/7 Total Net income Reconciliation of funds Total funds brought forward Total funds carried forward |
Unrestricted funds £ 25,822 319,308 3,000 29,474 377,604 (218,791) (218,791) 158,813 546,444 705,257 |
2019 £ - 304,552 2,500 - |
|---|---|---|
| 307,052 | ||
| (201,166) | ||
| (201,166) | ||
| 105,886 440,558 |
||
| 546,444 |
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Eternal Light Secondary School Statement of Financial Position As at 31 August 2020
| Notes | 2020 | 2019 | |
|---|---|---|---|
| £ | £ | ||
| Fixed assets | |||
| Tangible assets | 13 | 89,054 | 89,479 |
| 89,054 | 89,479 | ||
| Current assets | |||
| Debtors | 14 | 150,000 | 150,000 |
| Cash at bank and in hand | 473,481 | 309,258 | |
| 623,481 | 459,258 | ||
| Creditors: amounts falling due within one year | 15 | (7,278) | (2,293) |
| Net current assets | 616,203 | 456,965 | |
| Total assets less current liabilities | 705,257 | 546,444 | |
| Net assets | 705,257 | 546,444 | |
| The funds of the charity | |||
| Unrestricted income funds | 16 | 705,257 | 546,444 |
| Total funds | 705,257 | 546,444 |
The financial statements were approved and authorised for issue by the Board and signed on its behalf by:
Mr F Mussa Trustee 30 June 2021
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Eternal Light Secondary School Notes to the Financial Statements For the year ended 31 August 2020
1. Accounting Policies
Basis of accounting
The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and 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 (FRS 102), and the Charities Act 2011.
Eternal Light Secondary School meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
Incoming resources
All incoming resources are included in the statement of financial activities when the Charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
Resources expended
Liabilities are recognised as resources expended when there is a legal or constructive obligation committing the Charity to the expenditure:
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Improvements to property
25 Reducing balance
2. Income from donations and legacies
| Unrestricted funds Donations received |
2019 2020 £ £ - 25,822 - 25,822 |
|---|---|
3. Income from charitable activities
| 2020 | 2019 | |
|---|---|---|
| £ | £ | |
| Unrestricted funds | ||
| Fees | ||
| Income from charitable | 319,308 | 304,552 |
| activities |
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Eternal Light Secondary School Notes to the Financial Statements Continued
For the year ended 31 August 2020
4. Investment income
| Unrestricted funds Income from investment properties 5. Other income Unrestricted funds Coronavirus Grants 6. Costs of charitable activities by fund type Unrestricted funds Fees Support costs 7. Costs of charitable activities by activity type Support costs Activities undertaken directly £ £ Support costs Fees 54,252 164,539 |
2020 £ 3,000 3,000 2020 £ 29,474 29,474 2020 £ 164,539 54,252 218,791 2020 £ 218,791 |
2019 £ 2,500 |
|---|---|---|
| 2,500 | ||
| 2019 £ - |
||
| - | ||
| 2019 £ 158,582 42,584 |
||
| 201,166 | ||
| 2019 £ 201,166 |
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Eternal Light Secondary School Notes to the Financial Statements Continued
For the year ended 31 August 2020
8. Analysis of support costs
| Fees Management Licences & Exam Fees Trips and outings Training Costs Books Consultancy Fees Professional Fees Governance costs |
2020 £ 425 2,622 4,301 563 12,480 788 3,068 30,005 54,252 |
2019 £ 566 4,160 854 270 6,061 - 2,602 28,071 |
|---|---|---|
| 42,584 |
9. Net income/(expenditure) for the year
This is stated after charging/(crediting):
| This is stated after charging/(crediting): | ||
|---|---|---|
| 2020 | 2019 | |
| £ | £ | |
| Depreciation of owned fixed assets | 425 | 566 |
| Trustees' remuneration | 21,023 | 19,939 |
| Trustees' pension contributions | 260 | - |
| Staff pension contributions | 1,099 | 222 |
10. Staff costs
Total staff costs for the year ended 31 August 2020 were:
| Salaries and wages Social security costs Pension costs Employees |
2020 £ 155,591 2,510 1,358 159,460 2020 14 14 |
2019 £ 147,092 859 222 |
|---|---|---|
| 148,174 | ||
| 2019 14 |
||
| 14 |
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Eternal Light Secondary School Notes to the Financial Statements Continued
For the year ended 31 August 2020
12. Comparative for the Statement of Financial Activities
The comparative year values on the Statement of Financial Activites are for unrestricted funds.
13. Tangible fixed assets
| Cost or valuation At 01 September 2019 Additions Revaluations At 31 August 2020 Depreciation At 01 September 2019 At 31 August 2020 Net book values At 31 August 2020 At 31 August 2019 |
Land and buildings £ - 87,780 - 87,780 - - 87,780 - |
Fixtures and fittings £ 2,265 - (425) 1,840 566 566 1,274 1,699 |
Total £ 2,265 87,780 (425) |
|---|---|---|---|
| 89,620 | |||
| 566 | |||
| 566 | |||
| 89,054 | |||
| 1,699 |
14. Debtors
| Amounts due after more than one year: Other debtors Creditors: amounts falling due within one year Trade creditors Other creditors Accruals and deferred income |
2020 £ 150,000 150,000 2020 £ 872 6,044 362 7,278 |
2019 £ 150,000 |
|---|---|---|
| 150,000 | ||
| 2019 £ - 1,931 362 |
||
| 2,293 |
15. Creditors: amounts falling due within one year
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Eternal Light Secondary School Notes to the Financial Statements Continued
For the year ended 31 August 2020
16. Movement in funds
Unrestricted Funds
| Unrestricted Funds | ||||
|---|---|---|---|---|
| Balance at | Incoming | Outgoing | Balance at | |
| 01/09/2019 | resources | resources | 31/08/2020 | |
| £ | £ | £ | £ | |
| General | ||||
| General | 546,444 | 377,604 | (218,791) | 705,257 |
| 546,444 | 377,604 | (218,791) | 705,257 | |
| Unrestricted Funds - Previous year | ||||
| Balance at | Incoming | Outgoing | Balance at | |
| 01/09/2018 | resources | resources | 31/08/2019 | |
| £ | £ | £ | £ | |
| General | ||||
| General | 440,558 | 307,052 | (201,166) | 546,444 |
| 440,558 | 307,052 | (201,166) | 546,444 |
Purpose of unrestricted Funds
General
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes
17. Analysis of net assets between funds
| Tangible | Net current | Net Assets | |
|---|---|---|---|
| fixed assets | assets / | ||
| (liabilities) | |||
| £ | £ | £ | |
| Unrestricted funds | |||
| General | |||
| General | 89,054 | 616,203 | 705,257 |
| 89,054 | 616,203 | 705,257 |
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Eternal Light Secondary School Notes to the Financial Statements Continued
For the year ended 31 August 2020
| Previous year Unrestricted funds General General |
Tangible fixed assets Net current assets / (liabilities) Net Assets £ £ £ 89,479 456,965 546,444 |
|---|---|
| 89,479 456,965 546,444 |
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Eternal Light Secondary School Detailed Statement of Financial Activities
For the year ended 31 August 2020
| INCOME AND ENDOWMENT Donations and legacies Donations Charitable activities Income from charitable activities Investments Income from investment properties Other income Coronavirus Grants Total incoming resources EXPENDITURE Charitable activities Cost of direct charitable activity SUPPORT COSTS Management Management Licences & Exam Fees Licences & Exam Fees Trips and outings Trips and outings Training Costs Training Costs Books Books Consultancy Fees Consultancy Fees Professional Fees Professional Fees |
£ 2020 25,822 25,822 319,308 319,308 3,000 3,000 29,474 29,474 377,604 (164,539) (164,539) (425) (425) (2,622) (2,622) (4,301) (4,301) (563) (563) (12,480) (12,480) (788) (788) (3,068) (3,068) |
£ 2019 - |
|---|---|---|
| - 304,552 |
||
| 304,552 2,500 |
||
| 2,500 - |
||
| - | ||
| 307,052 (158,582) |
||
| (158,582) (566) |
||
| (566) (4,160) |
||
| (4,160) (854) |
||
| (854) (270) |
||
| (270) (6,061) |
||
| (6,061) - |
||
| - (2,602) |
||
| (2,602) |
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This page does not form part of the statutory financial statements
Eternal Light Secondary School Detailed Statement of Financial Activities Continued
For the year ended 31 August 2020
| Governance costs Governance costs Total resources expended Net Income |
(30,005) (30,005) (218,791) 158,813 |
(28,071) |
|---|---|---|
| (28,071) | ||
| (201,166) | ||
| 105,886 |
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This page does not form part of the statutory financial statements