REGISTERED CHARITY NUMBER: 1158786
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 August 2020
for
Tasleem Academy
M.F Khan & Co 375 Coventry Road Small Heath Birmingham West Midlands B10 0SW
Tasleem Academy
Contents of the Financial Statements for the Year Ended 31 August 2020
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | ||
| Independent Examiner's Report | 2 | ||
| Statement of Financial Activities | 3 | ||
| Balance Sheet | 4 | ||
| Notes to the Financial Statements | 5 | to | 9 |
| Detailed Statement of Financial Activities | 10 |
Tasleem Academy
Report of the Trustees for the Year Ended 31 August 2020
The trustees present their report with the financial statements of 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 Republic of Ireland (FRS 102) (effective 1 January 2019).
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1158786
Principal address
10 Emmanuel Road Sutton Coldfield Birmingham West Midlands B73 5LZ
Trustees
Mr Salim Mahmood Moolla Mr Gulam Husein Bangee Mrs Jamila Shaikh Mrs Zubeida Shireen Moolla
Independent Examiner
M.F Khan & Co 375 Coventry Road Small Heath Birmingham West Midlands B10 0SW
Approved by order of the board of trustees on 6 July 2021 and signed on its behalf by:
Mr Salim Mahmood Moolla - Trustee
Page 1
Independent Examiner's Report to the Trustees of Tasleem Academy
Independent examiner's report to the trustees of Tasleem Academy
I report to the charity trustees on my examination of the accounts of Tasleem Academy (the Trust) for the year ended 31 August 2020.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material 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 Trust as required by section 130 of the 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.
Mr N Khan FCA - ICAEW M.F Khan & Co 375 Coventry Road Small Heath Birmingham West Midlands B10 0SW
6 July 2021
Page 2
Tasleem Academy
Statement of Financial Activities for the Year Ended 31 August 2020
| 31.8.20 | 31.8.19 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies | 29,709 | 30,737 | |
| Investment income | 2 | 264 | 220 |
| Total | 29,973 | 30,957 | |
| EXPENDITURE ON | |||
| Raising funds | 24,348 | 26,762 | |
| NET INCOME | 5,625 | 4,195 | |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 38,813 | 34,618 | |
| TOTAL FUNDS CARRIED FORWARD | 44,438 | 38,813 |
The notes form part of these financial statements
Page 3
Tasleem Academy
Balance Sheet
31 August 2020
| 31.8.20 | 31.8.19 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| FIXED ASSETS | |||
| Tangible assets | 6 | 319 | 426 |
| CURRENT ASSETS | |||
| Debtors | 7 | 979 | - |
| Cash at bank and in hand | 43,200 | 38,387 | |
| 44,179 | 38,387 | ||
| CREDITORS | |||
| Amounts falling due within one year | 8 | (60) | - |
| NET CURRENT ASSETS | 44,119 | 38,387 | |
| TOTAL ASSETS LESS CURRENT | |||
| LIABILITIES | 44,438 | 38,813 | |
| NET ASSETS | 44,438 | 38,813 | |
| FUNDS | 9 | ||
| Unrestricted funds | 44,438 | 38,813 | |
| TOTAL FUNDS | 44,438 | 38,813 |
The financial statements were approved by the Board of Trustees and authorised for issue on 6 July 2021 and were signed on its behalf by:
Mr Salim Mahmood Moolla - Trustee
The notes form part of these financial statements
Page 4
Tasleem Academy
Notes to the Financial Statements for the Year Ended 31 August 2020
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared 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' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
25% reducing balance
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| 31.8.20 | 31.8.19 | |
| £ | £ | |
| Deposit account interest | 264 | 220 |
Page 5
continued...
Tasleem Academy
Notes to the Financial Statements - continued for the Year Ended 31 August 2020
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 August 2020 nor for the year ended 31 August 2019.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 August 2020 nor for the year ended 31 August 2019.
4. STAFF COSTS
The average monthly number of employees during the year was as follows:
5.
| Staff No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES INCOME AND ENDOWMENTS FROM Donations and legacies Investment income Total EXPENDITURE ON Raising funds NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
31.8.20 31.8.19 4 5 Unrestricted fund £ 30,737 220 30,957 26,762 4,195 34,618 38,813 |
31.8.20 31.8.19 4 5 Unrestricted fund £ 30,737 220 30,957 26,762 4,195 34,618 38,813 |
|---|---|---|
| 30,957 26,762 |
||
| 4,195 34,618 |
||
| 38,813 |
Page 6
continued...
Tasleem Academy
Notes to the Financial Statements - continued for the Year Ended 31 August 2020
6. TANGIBLE FIXED ASSETS
| 6. | TANGIBLE FIXED ASSETS | |||
|---|---|---|---|---|
| Fixtures | ||||
| and | ||||
| fittings | ||||
| £ | ||||
| COST | ||||
| At 1 September 2019 and 31 August 2020 | 1,794 | |||
| DEPRECIATION | ||||
| At 1 September 2019 | 1,368 | |||
| Charge for year | 107 | |||
| At 31 August 2020 | 1,475 | |||
| NET BOOK VALUE | ||||
| At 31 August 2020 | 319 | |||
| At 31 August 2019 | 426 | |||
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 31.8.20 | 31.8.19 | |||
| £ | £ | |||
| Other debtors | 979 | - | ||
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 31.8.20 | 31.8.19 | |||
| £ | £ | |||
| Other creditors | 60 | - | ||
| 9. | MOVEMENT IN FUNDS | |||
| Net | ||||
| movement | At | |||
| At 1.9.19 | in funds | 31.8.20 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 38,813 | 5,625 | 44,438 | |
| TOTAL FUNDS | 38,813 | 5,625 | 44,438 | |
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 29,973 | (24,348) | 5,625 | |
| TOTAL FUNDS | 29,973 | (24,348) | 5,625 |
continued...
Page 7
Tasleem Academy
Notes to the Financial Statements - continued for the Year Ended 31 August 2020
9. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net | ||
|---|---|---|
| movement | At | |
| At 1.9.18 | in funds | 31.8.19 |
| £ | £ | £ |
| Unrestricted funds | ||
| General fund 34,618 |
4,195 | 38,813 |
| TOTAL FUNDS 34,618 |
4,195 | 38,813 |
| Comparative net movement in funds, included in the above are as follows: | ||
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds | ||
| General fund 30,957 |
(26,762) | 4,195 |
| TOTAL FUNDS 30,957 |
(26,762) | 4,195 |
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.9.18 | in funds | 31.8.20 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 34,618 | 9,820 | 44,438 |
| TOTAL FUNDS | 34,618 | 9,820 | 44,438 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 60,930 | (51,110) | 9,820 |
| TOTAL FUNDS | 60,930 | (51,110) | 9,820 |
continued...
Page 8
Tasleem Academy
Notes to the Financial Statements - continued for the Year Ended 31 August 2020
10. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 August 2020.
Page 9
Tasleem Academy
Detailed Statement of Financial Activities for the Year Ended 31 August 2020
| Detailed Statement of Financial Activities for the Year Ended 31 August 2020 |
||
|---|---|---|
| 31.8.20 | 31.8.19 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 17,490 | 15,677 |
| Gift aid | 919 | 2,994 |
| Tuition fee | 11,300 | 12,066 |
| 29,709 | 30,737 | |
| Investment income | ||
| Deposit account interest | 264 | 220 |
| Total incoming resources | 29,973 | 30,957 |
| EXPENDITURE | ||
| Raising donations and legacies | ||
| Wages | 7,265 | 6,053 |
| Insurance | 312 | 308 |
| Postage and stationery | 128 | 307 |
| Sundries | 32 | 230 |
| Donations given | 13,130 | 15,910 |
| Rent | 3,374 | 3,726 |
| Depreciation of tangible fixed assets | 107 | 143 |
| 24,348 | 26,677 | |
| Other trading activities | ||
| Opening stock | - | 85 |
| Total resources expended | 24,348 | 26,762 |
| Net income | 5,625 | 4,195 |
This page does not form part of the statutory financial statements
Page 10