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2023-12-31-accounts

REGISTERED CHARITY NUMBER 1159456

Bilal Academy

Trustees' Report and Financial Statements

For the Period Ended 31 December 2023

BILAL ACADEMY COMPANY INFORMATION

REPORT OF THE TRUSTEES

FOR THE PERIOD ENDED 31ST DECEMBER 2023.

The trustees present their report with the financial statements of the charity for the period ended 31st December 2023. The trustees have adopted the provisions of the statement of Recommended Practice (SORP) Accounting and Reporting by Charities issued in March 2005.

REFERENCE AND ADMINISTRATIVE DETAILS:

REGISTERED CHARITY NUMBER:

1159456

PRINCIPAL ADDRESS:

Bilal Academy

119 Milton Street

Walsall

WS1 4LW

TRUSTEES:

Muhammad Bilal Bawa

Bashir Salloo

Ebrahim Yunus Esakjee

INTRODUCTION:

Bilal Academy is a charity organisation established to cater for the religious, social, and educational needs of the community and to provide services for the care and wellbeing of our community.

Bilal Academy have strived to create a friendly and supportive environment to the community of Walsall with in person services and support as well as an online presence and remote support via our website, email, and phone.

OBJECTIVES:

Our Doctrine is to promote the teachings of the Quran, the Prophet Muhammad, and his companions (peace be upon him and them) as defined and interpreted by the Ahlus-Sunnah Wal Jamma'ah and expounded by the Pious predecessors (peace be upon them).

We aim to advance the education of the public and young people by providing language classes and recreational activities to develop their capabilities that they may grow to become good citizens.

STRUCTURE

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

CHARITABLE OBJECTIVES

ACHIEVEMENTS & EVENTS:

This year we provided the following:

DEVELOPMENT AND MAINTENANCE:

During 2023, Bilal Academy instructed a Building Contractor to commence renovation work on the ground floor. This renovation work would substantially improve the condition and appeal of the ground floor area. Funds for the renovation work were raised via donations and loans. By the end of 2023, significant renovation work had been completed. Final work such as final fix electrics and laying of flooring were to be completed in 2024.

FUTURE ASPIRATIONS:

FINANCIAL:

BILAL ACADEMY Milton Street | Walsall | West Midlands | WS1 4LW

Income and Expenditure Account for the year ended 31 December 2023

INCOME
Madressa Class
Donations
Loan repayment Lillah
Net Wages Return
Hall Hire
Rent
Box Collection
Gift Aid
Youth Club
11 Plus
Sanatayn
Madressa Kitabs
Fund Raiser
Deen 4 Teens
Refunds
Nikkah Certificate
Total income
Surplus income during the year
Balance b/fwd
Movement during the year
Balance c/fwd
£
EXPENDITURE
124,913.02
Net wages
62,230.70
Buildings & Equipment
33,000.00
Loan Paid
9,087.11
Paye/inland revenue
7,372.20
Gas
5,650.00
Kitab Purchase
5,043.01
Council Tax
3,062.87
Furniture
2,310.00
Professional Services
1,935.00
Electric
1,670.00
Food Bank
1,575.00
Madressah Fee Refund
1,416.50
General Expenses
1,340.00
Printing
1,178.57
Telephone bills
100.00
Water Plus Drainage
Event Expense
Utility Bills
Water Supply sww
Repairs& maintenance
Prize distribution
Fees & Subscriptions
Bank Charges
Travel Expenses
Cleaner
261,883.98
Total expenses
3,965.42
Represented by:
18,903.62
Bank Balance NATWEST
3,965.42
Cash in hand
22,869.04
£
121,518.85
-
105,410.00
-
7,500.00
-
4,174.99
-
3,737.26
-
2,297.50
-
2,089.33
-
1,795.40
-
1,375.00
-
1,158.64
-
1,118.18
-
1,064.00
-
836.10
-
716.49
-
692.70
-
565.44
-
375.00
-
358.20
-
350.01
-
178.00
-
170.00
-
150.00
-
127.47
-
100.00
-
60.00
-
257,918.56
-
22,517.69
351.35
22,869.04

Accounts Prepared by: Ridhwan Varachia

ANY OTHER FUNDS

Details of any funds held as a custodian trustee: None held.