BEDFORD ISLAMIC £DUCATION TRUST Registered charity Number: 1160137 Trustees Report Financial Statements For the year ended 31" March 2023 Bedford Islamic EducationTru¥- 11601i7
BEDFORD ISLAMIC EDUCATION TRUST Report of the Trustee5 for the year ended 31 March 2023 The trustees present their annual report and financial statements for the year ended 31 March 2023 and confirm they comply with the Charities Act 1993, as amended by Charities Act 2006, the trust deed, and the Charities SORP 2005. Reference and Administrative Information Charity Name: BEDFORD ISLAMIC EDUCATION TRUST Charity Registration Number: 1160137 Registered Address: 74,Ampthill Road Bedford MK429HP Principal Office: 74,Ampthill Road Bedford MK429HP Board of Trustees Executive Committee Board Mernbe". - Dr Aa5em Masood Chaudry Board Member- Mr Abdul Kadir Board Member- Mr Abdullah Ghafour Sadath Board Member- Mr Suna Miah Inde endent Examiners: Accurate Acc Ltd 18,Laburnum Avenue Bedford MK404HQ Bankers HSBC 12, Allhallows Bedford MK401L 8edford Islamic Education Trust- 1160137
BEDFORD ISLAMIC EDUCATION TRUST For the year ended 31° March 2023 Structure overnance and mana ement Governing document: Bedford Islamic Education Trust is constituted as an unincorporated association. It is governed by the regulations set out in the constitution and is run by a voluntary Management Committee Organisational structure: The board of trustees con515ts of4 members who are recruited from the loc31 community. Role description is issued to each trustee and a full induction is given setting out the obligation of a trustee. All trustees are issued with I copy of the charity commis5i0n's guide The essential Trustee,. Risk mana ement: The trustees annually review the risks that the charity faces, both financial and otherwise. Strategies have been implemented to control and minimise these risks. Assessments on areas such as governance and compliance with law and regulations have been undertaken. Areas of risks relating LO employing >t3ff have been covered by proper procedure5 and insurance. Appropriate Disclosure and Barring Service IDBSI checks are carried out on all volunteers/staff who have access to children. Achievements and Performan¢e: During the year the charity has been able to continue its support for Islamic educational classes, which provide facilities for around 160 students. eedford Islamit Education TrSt- 11601!7
BEDFORD ISLAMIC EDUCATION TRUST 5t For the year ended 31 March 2023 Financial Review: During the year, the charity received £138,239.00 by the way of public donations, fees from religious classes, Loan and HMRC gift aid. The net movement of funds shows a cash surplus of £3742.00 which has been added to reserve. After paying trustees loan as of 31.03.202¥ the charity have 3 total surplus reserve of £222,546.00 including equity and cash at bènk. The Trustees have considered the most appropriate policy for irivesting funds and have reviewed ways in generating income and capital growth to meet their requirements_ Plans for the future eriods The charity will continue with the current activities and h35 obtained substantial donations for 2023/2024. The key future plans are: al To continue to help and give religious guidance for the community. bl To continue to promote good relations with all other ethnic minorities. cl To advance education by providing and asslsting in the provision of Facilities for Bedford by providing good5, services by subsidising the education at reduced cost. dl To continue to build and encourage community acces5 to the education facilities. el To encourage participation from women to engage in Arabic classes. fl To undertake all other attivities to further the aims of the charity. Bedford 1513mic Education Trust- 1160137
BEDFORD ISLAMIC EDUCATION TRUST st For the year ended 31 March 2023 Ob ertives and Artivities The Charity's objectives are for the benefit of the general public resident in and visiting Bedford (the area of benefitl, in particular but not exclusively those people who are of Muslim faith, by.. The advancement of the Religious of Islam guided by the Quran and Sunnah; The relief of poverty by providing advice, repreientation, counselling, translating and interpreting services and other assistance in matters such as asylu m, immigration, money, debts, welfare benefits, housing, health, education, training, and employment; The promotion of good race and community relation5 Wlth other ethnic communities in the area of benefit. To assist in funeral arrangements for families of deceased worshipers. The main objective for the year was the promotion and appreciation of the Islamic faith ènd the provision of facilities of education to the wider community especially the younger generation, offering opportunities in education programmes such as children's classes,Iweekend classes and Hafizi classes. The charity is very involved in the community and is dependent OD the voluntary help from the local residents who support the Masjid by not only voluntary service such as maintenance and repair work to the centre but by donations to help proTr,ote it5 objectives. Bedford Islamic EdurationTrosi- 1160137
BEDFORD ISLAMIC EDUCATION TRUST For the year ended 31" March 2023 Accountin and Re ortin Res onsibilitie5 Charity law require5 the Trustees to prepare financial statements for each financial year, which show a true and fair view of the state of affairs of the charity, and its financial aCLlVlties for that period in preparing their financial statements. The Trustees 3re required to.. a} Select suitable accounting policies and then apply them consistently, bl Make judgments and estimates that are reasonable and prudent, cl State whether applicable accounting standards have been followed subject to any departures disclosed and explained in the financial statements, dl Prepare the financial statements on the going concerri basis unless it is appropriate to presume that the charity will not continue in operation existence. The Trustees are responsible for keeping proper accounting records which disclose with reasonable 8ccur3cy at any time the financial position of the charity and to enable them to ensure that the financial statement comply with the Charities Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. This Report was approved by the Trustees on ... . and signèd on their behalf by.. entl (Treasurer) BÈdf¢rd Islami¢ Education Trust- 1160137
Independent Examiners Report to the Trustees of BEDFORD ISLAMIC EDUCATION TRUST For the year ended 31" March 2023 RESPEcfivE RESPONSIBILITIES OF TRUSTEES AND EXAMINER The charit¢s trustee consider that an audit is not required for thi5 year (under section 43121 of the Charities Art 1993 Ithe Act) and that an independent examination is needed. It is my responsibility to examine the accounts (under section 43 of the Act) to follow the procedures laid down in the General Directions given by the charity commissionlunder section 4317llbl of the Act), and to state whether particular matters have come to my attention. BASIS OF INDEPENDENT EXAMINER'S STATEMENT Accurate Acc Ltd was appointed as the charitable compan(s independent examiner. My examination wa5 carried out in accordance with general Direction given by the charity commission. An examination include5 a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It is also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the accounts. INDEPENDENT EXAMINER'S STATEMENT In the course of my examination, no matter has come to my attention, which gives me reasonable cause to believe that in, any material respect the trustees have not met tne requirements to ensure that.. proper accounting records are kept lin accordance with section 41 of the Attl.. accounts are prepared which agree with the accounting records and comply with the accounting requirements of the Act., 2. To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Accurate Acc Ltd 18,Laburnum Avenue Bedford MK404HQ Date..... Bgdford Islamic Edut3tion Trust- 1160137
BEDFORD ISLAMIC EDUCATION TRUST Statement of financial Activities For the year ended 31" March 2023 2022- 23 2021- 22 Turnover: Donations,fund raising i ncome Refdundable Loan HMRC Gift Aid Charities Trust HMRC Furlough Others Total incoming resources 97398.LKJ 40841. 78167.00 40196.(K) 20569.C 0.00 0.00 138,932.CK) 138.239.(JJ enses: Employee costs Volunteer expense5 Salary HMRC PAYE etc Prernises Costs Ref urbishment & repairs Fixture and fittings ccrv etc General Administrative expenses Uti lity Insurance Telephone etc Trade eff luent Bank charge Rohinga donations Others donatins paid Loan repayments Oihers expenses Books etc Totsl outgoing5 46883.00 27(8.00 0.00 40860.00 24210. 1220.00 5150.00 0.00 4c2.00 6248.CQ 3900.00 0.00 2944.LK) 680.DJ 553.00 295.00 330.00 60.LK) 23080.Ct) 22500.Ck) 1485.Th) 1,988.00 134,497.00 1540.00 479CNJ.00 4489.00 893.C¥J ,614.(Xl Surplu5 fund for the year 3,742.ClO 4,318.CO Fund movments: Opening bank balance Total incoming resour5 Tot31 ourgoings .Closing bank balance 8135.QYJ 138239.00 134497.00 11,877.(J) 3817.00 138932.00 134614.CK) 8,135.(K) Bedford Islamic Education Trust- J160137
BEDFORD ISLAMIC EDUCATION TRUST Balance sheet For the year ended 31st March 2023 31.03.2023 31.03.2022 Fixed Assets: Property 210669.C() 210669.00 Current Assets: Cash at bank 11877.QK) 8135.00 Current Liabilities: Loan .225CM).00 Net Assets: 222546. I96,3000 Funded By: Donations 222,546.(KI 196,3Lkl.00 Balan carried forward: 222,546. 196.304.00 These accounts were approved by the Trustees on .... their behalf by ènd signed on (Pres jTre8surerl Bedford Islami¢ edutation Trust- 1160157
Notes fonning part of the Financial Statements for the year ended 31st March 2023 1. Accounting Policies The financial statements have been prepared in accordance wrf(h the Companies Act 1985 and the ststement of Recommended Practi.. Accounting and Reporting by Charities issued in March 2005. 6. Trustee Remuneration & Related Party Transactions No members of the management committee received any remuneration during the year. No trustee or other person related to the tharity had any personal interest in any contract or transaction entered into by the charity during the year. 7. Taxation As a charity, it is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or s256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the Charity. 10 Bedford Islamic Education Tru5t- 1160137