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. 1 of 13 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 2 of 13 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: 1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 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. H Raja Associates 2 Fieldhead Street Fieldhead Business Centre Bradford West Yorkshire BD7 1LW 30 June 2022 3 of 13 ## 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**| 4 of 13 ## 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 5 of 13 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||| 6 of 13 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| 7 of 13 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**| 8 of 13 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** 9 of 13 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**| 10 of 13 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**| 11 of 13 ## 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)| 12 of 13 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**| 13 of 13 This page does not form part of the statutory financial statements