Charity number: 1158519
Eternal Light Secondary School
Report of the Trustees and Unaudited Financial Statements
For the year ended 31 August 2021
Eternal Light Secondary School Contents Page For the year ended 31 August 2021
| 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 2021
The Trustees have pleasure in presenting their report and the financial statements for the charity for the year ended 31 August 2021. 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 continued to be challenging, as the previous, due to COVID19. Students continued remote learning an progressed reasonably well given the circumstances. Exams were affected, whereby majority of them were cancelled.
As with the previous year, majority of lessons were conducted online with support provided for parents and learners who had trouble with accessing computers or the internet. Classes resumed gradually in the second half of the year,.
As the school was unoccupied by the pupils, the management decided to take advantage and refurbish the whole school. Every room was fully renovated, including the science lab, library and ICT room. Donations were sought from the public to enable the refurbishment and also for an extension to the school premises which also commenced during the year. The extension created a new reception, new toilets, showers, wash area, 2 new offices, staff room and 4 new class rooms.
FINANCIAL REVIEW
Significant events
During the year Eternal Light received COVID grants totalling £17,538.
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 2021 stood at £1,512,584 (2020: £705,257).
The trustees are satisfied with the performance of the charity during the year and the position at 31 August 2021 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.
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.
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Eternal Light Secondary School Report of the Trustees Continued For the year ended 31 August 2021
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 2022 Mr F Mussa
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Eternal Light Secondary School Independent Examiners Report to the Trustees For the year ended 31 August 2021
I report to the trustees on my examination of the accounts of the charity for the year ended 31 August 2021.
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 2022
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Eternal Light Secondary School Statement of Financial Activities For the year ended 31 August 2021
| 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 £ 718,898 318,435 2,750 17,538 1,057,621 (250,294) (250,294) 807,327 705,257 1,512,584 |
2020 £ 25,822 319,308 3,000 29,474 |
|---|---|---|
| 377,604 | ||
| (218,791) | ||
| (218,791) | ||
| 158,813 546,444 |
||
| 705,257 |
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Eternal Light Secondary School Statement of Financial Position
As at 31 August 2021
| Notes Fixed assets Tangible assets 13 Investments Current assets 14 Debtors Cash at bank and in hand Creditors: amounts falling due within one year 15 Net current assets Total assets less current liabilities Net assets The funds of the charity Unrestricted income funds 16 Total funds |
£ 2021 199,350 750,000 949,350 150,000 423,599 573,599 (10,365) 563,234 1,512,584 1,512,584 1,512,584 1,512,584 |
£ 2020 89,054 - |
|---|---|---|
| 89,054 | ||
| 150,000 473,481 |
||
| 623,481 | ||
| (7,278) 616,203 |
||
| 705,257 | ||
| 705,257 | ||
| 705,257 | ||
| 705,257 |
The financial statements were approved and authorised for issue by the Board and signed on its behalf by:
Mr F Mussa Trustee 30 June 2022
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Eternal Light Secondary School Notes to the Financial Statements For the year ended 31 August 2021
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 Grants received |
2020 2021 £ £ 25,822 702,332 - 16,566 25,822 718,898 |
|---|---|
3. Income from charitable activities
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Unrestricted funds | ||
| Fees | ||
| Income from charitable | 318,435 | 319,308 |
| activities |
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Eternal Light Secondary School Notes to the Financial Statements Continued
For the year ended 31 August 2021
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 59,169 191,125 |
2021 £ 2,750 2,750 2021 £ 17,538 17,538 2021 £ 191,125 59,169 250,294 2021 £ 250,294 |
2020 £ 3,000 |
|---|---|---|
| 3,000 | ||
| 2020 £ 29,474 |
||
| 29,474 | ||
| 2020 £ 164,539 54,252 |
||
| 218,791 | ||
| 2020 £ 218,791 |
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Eternal Light Secondary School Notes to the Financial Statements Continued
For the year ended 31 August 2021
8. Analysis of support costs
| Fees Management Licences & Exam Fees Trips and outings Training Costs Books Consultancy Fees Professional Fees Governance costs |
2021 £ 1,118 462 - 708 20,296 - 4,973 31,612 59,169 |
2020 £ 425 2,622 4,301 563 12,480 788 3,068 30,005 |
|---|---|---|
| 54,252 |
9. Net income/(expenditure) for the year
This is stated after charging/(crediting):
| This is stated after charging/(crediting): | ||
|---|---|---|
| 2021 | 2020 | |
| £ | £ | |
| Depreciation of owned fixed assets | 1,118 | 425 |
| Trustees' remuneration | 21,963 | 21,023 |
| Trustees' pension contributions | 379 | 260 |
| Staff pension contributions | 1,043 | 1,099 |
10. Staff costs
Total staff costs for the year ended 31 August 2021 were:
| Total staff costs for the year ended 31 August 2021 were: | ||
|---|---|---|
| 2021 | 2020 | |
| £ | £ | |
| Salaries and wages | 178,156 | 155,591 |
| Social security costs | 1,336 | 2,510 |
| Pension costs | 1,423 | 1,358 |
| 180,914 | 159,460 | |
| 2021 | 2020 | |
| Employees | 20 | 14 |
| 20 | 14 |
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Eternal Light Secondary School Notes to the Financial Statements Continued
For the year ended 31 August 2021
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 2020 Additions At 31 August 2021 Depreciation At 01 September 2020 Charge for year At 31 August 2021 Net book values At 31 August 2021 At 31 August 2020 |
Land and buildings £ 87,890 106,989 194,879 - - - 194,879 87,890 |
Fixtures and fittings £ 2,265 4,315 6,580 991 1,118 2,109 4,471 1,274 |
Total £ 90,155 111,304 |
|---|---|---|---|
| 201,459 | |||
| 991 1,118 |
|||
| 2,109 | |||
| 199,350 | |||
| 89,164 |
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 |
2021 £ 150,000 150,000 2021 £ 3,357 6,646 362 10,365 |
2020 £ 150,000 |
|---|---|---|
| 150,000 | ||
| 2020 £ 872 6,044 362 |
||
| 7,278 |
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 2021
16. Movement in funds
Unrestricted Funds
| General General Unrestricted Funds - Previous year General General |
Balance at 01/09/2020 £ 705,257 705,257 Balance at 01/09/2019 £ 546,444 546,444 |
Incoming resources £ 1,057,621 1,057,621 Incoming resources £ 377,604 377,604 |
Outgoing resources £ (250,294) (250,294) Outgoing resources £ (218,791) (218,791) |
Balance at 31/08/2021 £ 1,512,584 |
|---|---|---|---|---|
| 1,512,584 | ||||
| Balance at 31/08/2020 £ 705,257 |
||||
| 705,257 |
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
| Unrestricted funds General General |
Tangible fixed assets Investments Net current assets / (liabilities) Net Assets £ £ £ £ 199,350 750,000 563,234 1,512,584 |
|---|---|
| 199,350 750,000 563,234 1,512,584 |
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Eternal Light Secondary School Notes to the Financial Statements Continued
For the year ended 31 August 2021
| Previous year Unrestricted funds General General |
Tangible fixed assets Investments Net current assets / (liabilities) Net Assets £ £ £ £ 89,054 - 616,203 705,257 |
|---|---|
| 89,054 - 616,203 705,257 |
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Eternal Light Secondary School Detailed Statement of Financial Activities For the year ended 31 August 2021
| INCOME AND ENDOWMENT Donations and legacies Donations Grants receivable 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 |
£ 2021 702,332 16,566 718,898 318,435 318,435 2,750 2,750 17,538 17,538 1,057,621 (191,125) (191,125) (1,118) (1,118) (462) (462) - - (708) (708) (20,296) (20,296) - - (4,973) |
£ 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) |
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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 2021
| Governance costs Governance costs Total resources expended Net Income |
(4,973) (31,612) (31,612) (250,294) 807,327 |
(3,068) (30,005) |
|---|---|---|
| (30,005) | ||
| (218,791) | ||
| 158,813 |
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This page does not form part of the statutory financial statements