Charity number: 1158519
Eternal Light Secondary School
Report of the Trustees and Unaudited Financial Statements
For the year ended 31 August 2022
Eternal Light Secondary School Contents Page For the year ended 31 August 2022
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| Independent Examiner's Report to the Trustees | 1 to 0 |
| Statement of Financial Activities | 1 to 0 |
| Statement of Financial Position | 1 to 0 |
| Notes to the Financial Statements | 1 to 8 |
| Detailed Statement of Financial Activities | 9 to 12 |
Eternal Light Secondary School Report of the Trustees
For the year ended 31 August 2022
The Trustees have pleasure in presenting their report and the financial statements for the charity for the year ended 31 August 2022. 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 return to onsite learning was a welcome relief for all, but especially as we saw the completion of the much-needed extension and refurbishment.
Students and staff alike were excited to make use of the new facilities. The student council were back in action by organising a celebratory school BBQ and a trip to Alton Towers in September.
Other activities throughout the year included;
a football tournament at Speedball Sports Centre, a trip to Yorkshire Wildlife Park to learn about animal habitats, a visit to the Science Media Museum to see the Wonder Lab Exhibition, a visit to Leeds Playhouse Theatre for English Literature GCSE students, a visit to Headingley Water Works to learn about water treatment, attending a courtroom workshop at the Business Law school at Manchester Metropolitan University, winning the AMS regional football tournament held at Harborough Town FC’s ground in Leicester, as well as graduating students attending various open days for information about apprenticeship and university opportunities.
Students also learnt about the impact covid has had on many families financially and chose to help our local Bradford Central Foodbank.
The return of external examinations saw students achieve fantastic results in their GCSE examinations, with 100% of students scoring Grade 4-9 in Mathematics, Combined Science: Trilogy, Citizenship, Religious Studies, and Urdu. Overall pass rate for students achieving 5 GCSE Grade 4+ was 98%.
The partnership with Wise Origin College saw students embark upon two Level 3 courses: NCFE Level 3 Diploma in Management Skills and Knowledge
NCFE CACHE Level 3 Diploma in Supporting Teaching and Learning
FINANCIAL REVIEW
Reserves
It is the policy of the charIty 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 2022 stood at £1,634,570 (2021: £1,512,584).
The trustees are satisfied with the performance of the charity during the year and the position at 31 August 2022 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 2022
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 2023 Mr F Mussa
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Eternal Light Secondary School Independent Examiners Report to the Trustees
For the year ended 31 August 2022
I report to the trustees on my examination of the accounts of the charity for the year ended 31 August 2022.
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 2023
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Eternal Light Secondary School Statement of Financial Activities For the year ended 31 August 2022
| 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 £ 21,998 372,072 2,247 - 396,317 (274,331) (274,331) 121,986 1,512,584 1,634,570 |
2021 £ 718,898 318,435 2,750 17,538 |
|---|---|---|
| 1,057,621 | ||
| (250,294) | ||
| (250,294) | ||
| 807,327 705,257 |
||
| 1,512,584 |
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Eternal Light Secondary School Statement of Financial Position As at 31 August 2022
| Notes | 2022 | 2021 | |
|---|---|---|---|
| £ | £ | ||
| Fixed assets | |||
| Tangible assets | 13 | 198,574 | 199,350 |
| Investments | 750,000 | 750,000 | |
| 948,574 | 949,350 | ||
| Current assets | |||
| Debtors | 14 | 150,000 | 150,000 |
| Cash at bank and in hand | 548,440 | 423,599 | |
| 698,440 | 573,599 | ||
| Creditors: amounts falling due within one year | 15 | (12,444) | (10,365) |
| Net current assets | 685,996 | 563,234 | |
| Total assets less current liabilities | 1,634,570 | 1,512,584 | |
| Net assets | 1,634,570 | 1,512,584 | |
| The funds of the charity | |||
| Unrestricted income funds | 16 | 1,634,570 | 1,512,584 |
| Total funds | 1,634,570 | 1,512,584 |
The financial statements were approved and authorised for issue by the Board and signed on its behalf by:
Mr F Mussa Trustee
30 June 2023
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Eternal Light Secondary School Notes to the Financial Statements For the year ended 31 August 2022
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 |
2021 2022 £ £ 702,332 6,438 16,566 15,560 718,898 21,998 |
|---|---|
3. Income from charitable activities
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Unrestricted funds | ||
| Fees | ||
| Income from charitable | 372,072 | 318,435 |
| activities |
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Eternal Light Secondary School Notes to the Financial Statements Continued For the year ended 31 August 2022
4. Investment income
| Unrestricted funds Income from investment properties Bank interest receivable ther income Coronavirus Grants osts of charitable activities by fund type Unrestricted funds Fees Support costs osts of charitable activities by activity type Support costs Activities undertaken directly £ £ Support costs Fees 71,714 202,617 |
2022 £ 2,230 17 2,247 2022 £ - - 2022 £ 202,617 71,714 274,331 2022 £ 274,331 |
2021 £ 2,750 - |
|---|---|---|
| 2,750 | ||
| 2021 £ 17,538 |
||
| 17,538 | ||
| 2021 £ 191,125 59,169 |
||
| 250,294 | ||
| 2021 £ 250,294 |
5. Other income
6. Costs of charitable activities by fund type
7. Costs of charitable activities by activity type
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Eternal Light Secondary School Notes to the Financial Statements Continued
For the year ended 31 August 2022
8. Analysis of support costs
| Fees Management Licences & Exam Fees Training Costs Books Professional Fees Governance costs |
2022 £ 1,232 4,655 - 11,791 4,025 50,011 71,714 |
2021 £ 1,118 462 708 20,296 4,973 31,612 |
|---|---|---|
| 59,169 |
9. Net income/(expenditure) for the year
This is stated after charging/(crediting):
| This is stated after charging/(crediting): | ||
|---|---|---|
| 2022 | 2021 | |
| £ | £ | |
| Depreciation of owned fixed assets | 1,232 | 1,118 |
| Trustees' remuneration | 22,853 | 21,963 |
| Trustees' pension contributions | - | 379 |
| Staff pension contributions | 1,637 | 1,043 |
10. Staff costs
Total staff costs for the year ended 31 August 2022 were:
| Salaries and wages Social security costs Pension costs Employees |
2022 £ 182,288 1,041 1,637 184,965 2022 0 0 |
2021 £ 178,156 1,336 1,423 |
|---|---|---|
| 180,914 | ||
| 2021 20 |
||
| 20 |
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Eternal Light Secondary School Detailed Statement of Financial Activities
For the year ended 31 August 2022
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 2021 Additions At 31 August 2022 Depreciation At 01 September 2021 Charge for year At 31 August 2022 Net book values At 31 August 2022 At 31 August 2021 |
Land and buildings £ 194,879 - 194,879 - - - 194,879 194,879 |
Fixtures and fittings £ 6,580 456 7,036 2,109 1,232 3,341 3,695 4,471 |
Total £ 201,459 456 |
|---|---|---|---|
| 201,915 | |||
| 2,109 1,232 |
|||
| 3,341 | |||
| 198,574 | |||
| 199,350 |
14. Debtors
| Debtors | ||
|---|---|---|
| 2022 | 2021 | |
| £ | £ | |
| Amounts due after more than one year: | ||
| Other debtors | 150,000 | 150,000 |
| 150,000 | 150,000 | |
| Creditors: amounts falling due within one year | ||
| 2022 | 2021 | |
| £ | £ | |
| Trade creditors | 4,636 | 3,357 |
| Other creditors | 7,446 | 6,646 |
| Accruals and deferred income | 362 | 362 |
| 12,444 | 10,365 |
15. Creditors: amounts falling due within one year
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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 2022
16. Movement in funds
Unrestricted Funds
| Balance at | Incoming | Outgoing | Balance at | |
|---|---|---|---|---|
| 01/09/2021 | resources | resources | 31/08/2022 | |
| £ | £ | £ | £ | |
| General | ||||
| General | 1,512,584 | 396,317 | (274,331) | 1,634,570 |
| 1,512,584 | 396,317 | (274,331) | 1,634,570 | |
| Unrestricted Funds - Previous year | ||||
| Balance at | Incoming | Outgoing | Balance at | |
| 01/09/2020 | resources | resources | 31/08/2021 | |
| £ | £ | £ | £ | |
| General | ||||
| General | 705,257 | 1,057,621 | (250,294) | 1,512,584 |
| 705,257 | 1,057,621 | (250,294) | 1,512,584 |
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
| Analysis of net assets between funds | ||||
|---|---|---|---|---|
| Tangible | Investments | Net current | Net Assets | |
| fixed assets | assets / | |||
| (liabilities) | ||||
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General | ||||
| General | 198,574 | 750,000 | 685,996 | 1,634,570 |
| 198,574 | 750,000 | 685,996 | 1,634,570 |
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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 2022
Previous year
| Previous year | ||||
|---|---|---|---|---|
| Tangible | Investments | Net current | Net Assets | |
| fixed assets | assets / | |||
| (liabilities) | ||||
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General | ||||
| General | 199,350 | 750,000 | 563,234 | 1,512,584 |
| 199,350 | 750,000 | 563,234 | 1,512,584 |
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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 2022
| INCOME AND ENDOWMENT Donations and legacies Donations Grants receivable Charitable activities Income from charitable activities Investments Income from investment properties Bank interest receivable 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 Training Costs Training Costs Books Books Professional Fees Professional Fees Governance costs Governance costs Total resources expended Net Income |
£ 2022 6,438 15,560 21,998 372,072 372,072 2,230 17 2,247 - - 396,317 (202,617) (202,617) (1,232) (1,232) (4,655) (4,655) - - (11,791) (11,791) (4,025) (4,025) (50,011) (50,011) (274,331) 121,986 |
£ 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) |
||
| (4,973) (31,612) |
||
| (31,612) | ||
| (250,294) | ||
| 807,327 |
12 of 12 This page does not form part of the statutory financial statements