Company registered number 08169301
Charity registered number 1161195
UMAR COMMUNITY EDUCATIONAL TRUST LIMITED
Annual Report and Financial Statements
31 August 2024
UMAR COMMUNITY EDUCATIONAL TRUST LIMITED Annual Report and Financial Statements Contents
| Page | |
|---|---|
| Charity information | 1 |
| Trustees' report | 2 |
| Statement of trustees` responsibilities | 3 |
| Statement of financail activities | 4 |
| Balance sheet | 5 |
| Notes to the accounts | 6 |
UMAR COMMUNITY EDUCATIONAL TRUST LIMITED Reference and Administrative Details
Trustees
Mohammed Nawaz Kulasi Faiza Kulasi Dr. Akbar Kulasi Farzandah Razzaq
Bankers
The Royal Bank of Scotland
Operational address
39 Seymour Road Bolton BL1 8PJ
Registered office
8 Sherwood Street Bolton BL1 8PJ
Company registered number 08169301
Charity registered number 1161195
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UMAR COMMUNITY EDUCATIONAL TRUST LIMITED Company registered number: 08169301 Trustees' Report
The trustees present their report and accounts for the year ended 31 August 2024.
Principal activities
The company's principal activity during the year continued to be that of community organisation and religious programmes.
Objectives and aims
To advance the Islamic religion and in particular the Sunni doctrine of Hanafi Deobandi for the public benefit, in such ways as the trustees think fit.
The Charity, in setting its objectives and planning its activities has given careful consideration to the Charity Commission`s general guidance and guidance on public benefit.
Public benefit
The Charity, in setting its objectives and planning its activities has given careful consideration to the Charity Commission`s general guidance and guidance on public benefit. The trustees confirm that they have complied with the requriements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance by the Charity Commission for England and Wales.
Achievements and performance
The Charity has continued to meets its obligations with the provision of donations from general public.
Financial review
The Charity received income during the year amounting to £23,659 (2023 - £24,538). Expenditure for the year amounted to £16,137 (2023 - £9,901) resulting in a surplus for the year of £7,522 (2023 - £14,637).
Structure, governance and management
Nature of governing document
The company was incorporated on 6 August 2012 and is governed by the Memorandum and Articles of Association of the company.
Organisational structure
The member of the council of Management are considered to be both directors for Companies Act purposes and trustees for Charities Act purposes.
The company is governed by its Council of Management, which meets on a bi-monthly basis. The Council, assisted by senior management and outside consultants, is responsible for formulating the strategy and policies for the company as a whole, inculding the approval of budgets and the exercising of financial controls through regular financial reporting. The members of the Council of Management who have served throughout the period are shown on the Officials and Advisors
This report was approved by the board on 27 June 2025 and signed on its behalf.
Mohammed Nawaz Kulasi Trustee
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UMAR COMMUNITY EDUCATIONAL TRUST LIMITED Company registered number: 08169301 Statement of Trustees' Responsibilities
The Trustees (who are also the directors of Umar Community Educational Trust Limited for the purposes of company law) are responsible for preparing the trustees` report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the trustees are required to:
• select suitable accounting policies and apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
• state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable
The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report was approved by the board on 27 June 2025 and signed on its behalf.
Mohammed Nawaz Kulasi Trustee
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UMAR COMMUNITY EDUCATIONAL TRUST LIMITED Statement of Financial Activities for the year ended 31 August 2024
| Donations and legacies Administrative expenses Movement in funds Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward |
2024 £ 23,659 (12,907) 10,752 10,752 223,520 234,272 |
2023 £ 24,538 (9,901) 14,637 14,637 208,883 223,520 |
|---|---|---|
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UMAR COMMUNITY EDUCATIONAL TRUST LIMITED Company registered number: 08169301 Balance Sheet as at 31 August 2024
| Notes Fixed assets Tangible assets 4 Current assets Cash at bank and in hand Creditors: amounts falling due within one year 7 Net current assets Net assets Funds and reserves Funds of the charity Shareholders' funds |
2024 £ 222,135 12,890 (753) 12,137 234,272 234,272 234,272 |
2023 £ 211,865 12,409 (754) 11,655 223,520 223,520 223,520 |
|---|---|---|
The trustees are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The trustees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statement.
The financial statement have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The statement of financial activities has not been delivered to the Registrar of Companies.
Mohammed Nawaz Kulasi Trustee
Approved by the board on 27 June 2025
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UMAR COMMUNITY EDUCATIONAL TRUST LIMITED Notes to the Financial Statements for the year ended 31 August 2024
1 Charity status
The charity is limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £10 towards the assets of the charity in the event of liquidation.
The address of its registered office is: 8 Sherwood Street Bolton BL1 8PJ
The pincipal place of business is: 39 Seymour Road Bolton BL1 8PG
These financial statements were authorised for issue by the trustees on 27 June 2025.
2 Accounting policies
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
The financial statements have been prepared in accordance with 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 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). They also comply with the Companies Act 2006 and Charities Act 2011.
Basis of preparation
Umar Community Educational Trust Limited 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 notes.
Going concern
The financial statements have been prepared on a going concern basis.
The trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The trustees make this sessment in respect of a period of one year from the date of approval of the financial statements.
Donations and legacies
Donations are recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability.
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UMAR COMMUNITY EDUCATIONAL TRUST LIMITED Notes to the Financial Statements for the year ended 31 August 2024
Charitable activities
Income from charitable activities includes income recognised as earned (as the related goods or services are provided) under contract.
Tangible fixed assets
No depreciation has been taken on land and building due to excess of its market value over its historical cost.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
All resources expended are inclusive of irrecoverable VAT.
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Governance costs
These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees’ meetings and reimbursed expenses.
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Fund structure
All funds are unrestricted income funds, which are general funds that are available for use at the trustees' discretion in furtherance of the objectives of the charity.
| 3 Employees Average number of persons employed by the company |
2024 Number 0 |
2023 Number 0 |
|---|---|---|
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UMAR COMMUNITY EDUCATIONAL TRUST LIMITED Notes to the Financial Statements for the year ended 31 August 2024
4 Tangible fixed assets
| Cost At 1 September 2023 Additions At 31 August 2024 Depreciation At 31 August 2024 Net book value At 31 August 2024 At 31 August 2023 5 Debtors 6 Cash and cash equivalents Cash at bank 7 Creditors: amounts falling due within one year Accruals 8 Funds Balance at 1 Sep 2023 Unrestricted funds General £223,520 |
Incoming resources £23,659 |
2024 £ 2024 £ 12,890 12,890 2024 £ 753 Resources expended -£12,907 |
Land and buildings £ 211,865 10,270 222,135 - 222,135 211,865 2023 £ 2023 £ 12,409 12,409 2023 £ 754 Bal at 31 Aug 2024 £234,272 |
|---|---|---|---|
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UMAR COMMUNITY EDUCATIONAL TRUST LIMITED Detailed financial activities for the year ended 31 August 2024
This schedule does not form part of the statutory accounts
| Donations and legacies Administrative expenses Movement in funds Net movement in funds |
2024 £ 23,659 (12,907) 10,752 10,752 |
2023 £ 24,538 (9,901) 14,637 14,637 |
|---|---|---|
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UMAR COMMUNITY EDUCATIONAL TRUST LIMITED Detailed financial activities for the year ended 31 August 2024
This schedule does not form part of the statutory accounts
| Income and Endowments from: Donations and legacies Administrative expenses Employee costs: Wages and salaries Premises costs: Light and heat Water charges General administrative expenses: Insurance Repairs and maintenance |
2024 £ 23,659 5,880 5,880 2,869 3,388 6,257 770 - 770 12,907 |
2023 £ 24,538 4,800 4,800 1,606 2,346 3,952 543 606 1,149 9,901 |
|---|---|---|
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