Bilal Educational Forum Registered Charity Number: 1162397 Financial Statements for the year ended June 30 2023
Bilal Edu¢ational Forum Reference and Administrative Information Charity Name Charlty Reglstrallon Number Bilal Educational Forum 1162397 Prin¢lpal Qffi¢e 4 Sarum Road Luton LU3 2RA Trustees A Hussain MSAII I I Choudhury M A Haque aiman Trustee Trustee Trustee Independent Examiner Rci Chartered Accountants and Busine55 Advisors Wirkdsor House 9-15 Adelaide Street. Luton LUI 5BJ Bankers Barclay5 Bank plc
Bilal Educational Forum Report of the Trustees for the year ended 30 June 2023 The trustees present their annual report and unaudited financial statements for the year ended 30 June 2023 and confirm that they have complied with the requirements of Section 17 of the charities Act 2011 to havè duÈ regard to thè public benefit published by the Charity Commission for England & Wales Strurture, governance and management Nature of the Govtrninz documents The Charity's objects and regulation are regulated by the Trust Deed dated 28 January 2015 as amended by Deed Oated 8 June 2015 and the charity is an unincorporated association. Eligibility for melllbership of the ch3rity, and membership of the board of trustees is governed by the Trust Deed. There are no restrirtions in the constitution on the operation of the charity or on its investFnent powers, other than those imposed by general charily law. Recruitment and appointsnent of new trustees New Trustees are appointed by invttation based upon the specific quirementS and the skill set needed by the charity to help advance the charitable objectives. Indudion and tTaining of trustee We have at the moment no policy or procedure for the training of iruslees. other than the "do's and don'ts" publication provlded by the charlty. OrBanizational strurture and manè8ement. Trustees meet regularly on a monthly basis to discuss and plan objectives and implementation thereof. Matters of general conrn are raised wtth all members. Day to day management and responsibility for implementing policies is carried out by trustees and managers appointed bv trustees. The Trustees undertake all final decisions with implementation being delegated amongst each other. Membership of a wider network The charity has no responsibility for nor is it answerable to any other organization. Related parties Other than the Trustees and those persons connected with them there are no individuals who are related parties. Details of transactions with related parties are shown in the notes to the accounts. This inclLtdes remuneration and expenses paid to Trustees. Risk Management The trustees acknowledge their responsibilities for eStalShing a risk management system and sat15fied that appropriate systems and procedures are under development and continue to keep the strategic, business and operation31 risk under revièw with view to introducing, where necessary. additional procedures to mitigate these risks.
Bilal Educational Forum Objectlves and Actlvlties Charitable Obierti¥es. The Charity's object5 and regulation are regulated by Trust Deed dated 28 January 2015 & amended by Deed Dated 8 June 2015. Aims and Objertwes The objectives of the Trust Set by the Trust Deed is to provide education facility for the muslim corrTrmunity within the Limbury & Le38rave Are3 of North Luton in providing facilities lo le3rn and practice Islam in accordance with the Hoty Quran and Ahadith within the bounds of Ahle-sunna Wal Jamaat. Objectives for the year. During thi5 year the charity Sought to= -Further improve awareness of it's existence. faalities and services Offed. -To continually enhance the facilities provided. -To develop and enhance the educational curriculum. Publ1¢ beneflt statement The Trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to h3ve due regard to the public benefrt published by the Charity Commission for England & Wales. Use of volunteers The charity uses the service5 of volunteer5 in a number of ways,. To assist in raising the profile of the charity. To assist with maintaining the records of the charity. To assist with the development of the charity. To maintain the buildings. The charity uses 7 unpaid volunteers who spend approximètely S hours a week providing assistance to the charity. Achievements and Perfomian£e of the Charfty -The Charity continued to provi(le service and facilities for the Muslim Community in Limbury & Leagrave areas of North Luton. -started renovation works on new building. Financial Review During ihe year the charivs income was £199.574 12022.. £161,369) and after expenditure of £136,93212022.' £137,840) the carry forward reserves st(KJd at £283,80812022.. £222.1671.
Bilal Educational Forum Reserves Policy The Trustees have resolved lo establish over the next few years reserves to provide for future activities. and to provide funding for the expected expenditure for twelve months ahead. Princ5pal fundSng sources The principal income was generated from donations though the public in accordance with the objectives of the charity. The principal expenditure related to the provisions of prayer facilities and children Islamic education. Plans for the future period The Charity will also continue enhan building facility in delivering the aims and objectives of the Trust.
Bilal Edutati<)Thal Forum Statement of Trustees, responsibilities The Charities Acts require the Board of Trustees to prepare financlal statements for each financial vear which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparin8 those financial statemenls the Bo3rd is required to.. select 5Ultable accounting FM)licies and then apply them consistently- observe the methods and principles in the Charities SORP- make judgments and estimates ihat are responsible and prudent,. state whether applicable accounting standards have been followed. subject to any material departures disclosed and explained in financial statements- Prepare financial statements on the 8oin8 concern b3sis unless it is inappropriate to presumè that the charity will not continue in business. The Trustees are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the finanrral position of the charity and which are sufficient to show and explain ihe charity'5 transactions and enable them lo ensure that the financial statements comply with reEulations made under the Charities Act. They are also responsible for salegu3Fding the assets of the charily and hence for taking reasonable steps for the prevention and detertion of fraud and other irregularities. The trustees are also iesponsible for the corltents of the trustees, report. 3nd the re5pon5ibility of the independent examiner/ auditof in latiOn to the twstees, report is limited to examining the report and ensuring that, on the face of the report, there are no inconsistencies with the figures disclosed in the finanaal ststements. Approved by the trustees and Signed on its behalf by.. Abul Hussain Chairman Date: June 4 . 2024
Bilal Edu¢•tional Forum Statement of Flnanclal Artlvltles For the period l July 2022 to 30 June 2023 Partlculars Note Unrestrlcted Funds 1£) Restricted Funds 1£) Total FY 2023 Total FY 2022 Incoming resourc05 Incoming resources from generated fund5- General Donations Rent received Standing orders- Donations Other Income 175330.82 175.331 13,740 9.711 792 145,883 13740 9.711 792 6.461 Sub total 199.574 199,574 152,344 Investment income 9,025 Activities for generating funds Income resources from charitable activities Total incomin resources 199.574 199.574 161.369 Resources ex ended Cost of generating funds.. Charitable activities 136,932 136,932 137,840 Governance costs.. Total resources expended 136,932 136,932 137.840 Net movement in funds 62,642 62,642 23,529 Reconciliation of funds: Total funds brought forward 221.167 221.167 197.638 Total funds carried fonvard 283.809 283,809 221,167
Bilal Educatiohal Fowm Balance Sheet as at 30 June 2023 Particulars Amount i£} Arntyjnt IFY 20231 Amount IFY 2022) Fixed a55et5 Tangible assets 1,167,618 1,081,791 Current assets.. Cash at bank and in hand 265.773 194,134 Total Current assets Current liabilities 265.773 194,134 CreLlilois fallin due within one ear 39.307 -40,273 Net current asset$ Non-current Liabilities 226,466 153.861 Creditors falli Net assets The funds of the charit Unrestricted funds due after On8 ear 1.110.275 1,014,485 283,809 221,167 io 283.809 221,167 Genoral funds Total unrestricted funds Restrictod income funds 283,809 221.167 Total charity funds". 283.809 221,167 The notes at pages 9 to 12 form part of these accounts Approved by the trustees on date and signed on their behalf by: Abul Hussaln Chairman Date: June 4, . 2024
Bilal Educational Forum Notes to financial statements l. Accounting policies lal Statement of tompllan These accounts have been prepared in accordance with Accounting and Reporting bv Charities= Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republi£ of Ireland IFRS 1021 leffective l January 20151- (Charities SORP IFRS 10211, the Financi31 Reporting Standard applicable in the UK and Republit of Ireland IFRS 1021 and the Charities Art 2011. Ibl Basls of preparation The Charity meets the definition of public benefit entity under FRS 102. Assets and liabilities are initially recognized at historical cost or transaction value unless otherwise stated in the relevant accounting policy note5. (cl Exemptlon from preparing a cash flow statement The Charity opted to early adopt Bulletin I pijblished on 2 February 2016 and therefore not included a cash flow statement in these accounts. Idl Funds structure Unrestricted income funds comprise those funds which the trustees are free to use for any purpose in furtherance of the charitable objects. Unrestrirted funds include designated funds where the trustees. at their discretion, have set aside resources for 3 specific purpose. Restricted funds are fund5 whith are to be used in accordance with specific restrittion5 imposed by the donor or the terms of a specific appeal at any time and under the term5 for public collection of Zakat in accordance with ihe teachings of Islam. {el In¢omln8 resour¢es All incoming resources are recognised once the charity has entitlement to the resources, it 15 certain that the resources will be received. and the monetary value of incominE resources can be measured with sufficient reliability. The following specific policies are applietl to particular categories of income: Voluntary income is received by way of donatiorbs at FrFday prayers and grants and is Included in full in the statement of Financial Activities when recelvable. Grants, where entitlement is not conditional on the delivery of a speufic perfomiance by the charity. are recognised when the charity becomes unconditionally entitled to the grant. Incoming resources from grants. where there are perfom)ances or services deliverables reqvired by the terms of the grant, are accounted for as the charity earns the right to payment through its performance. Donated services and facilities are included at the value to the charity where this can be quantified. The value of seryices provided are in the nature of professional services where a fee would otherwise be charged, in which the donated seNice is valued èt their thargeable rate. Investment income is included when receivable.
Bilal Edu¢ational Forurn Incoming resources from charitable trading activity is accounted for when earned. If) Resources expended Liabilities are recognized as resources expended as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure ts accounted for on an accruals basis and has been classified under headin8S that aggregate all costs related to the category. {gl Allocation of overhead and support tosts Supports costs intlude administrative cost for charitsble activities. Ihl 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 the direct pay ènd non-p3V cost5 and support costs relating to those activities. {11 Tangible fixed assets and depreciation All assets costing more than £l.CK)O are capitalised and at historic cost. Fixed assets are stated at cost less accumulated depreciation. %set category Land and buildin8S Annual rate 2% Straight line 2. Related party transactions and trustees. remuneration Trustees received no emoluments12022 £nill. 3. Average Number of employees Average number of employees during the year was 2 (2022..21. There were no employees with emoluments in excess of £60.(KKJ per annum 4. Incoming resources from voluntsry Intome Particular5 urtr1ded fund$ 175,331 13.740 9,711 792 Restricted fund Total (£1 General Donations 175,331 13,740 9,711 792 Rent received Standing orders- Donations Olher Income Total 199.574 199.574 io
Bilal Educational Forum S. Charitable activities support costs Charitable actlvltles 1£) 2023 5,182 39.098 1,000 4,254 171 Charilable actlvltles (£1 2022 43127 Partlculars Wages & Salaries Temporary Staff & Recruitment Accountancy Fees Legal and Professional Fees IAk)waile Rates & Water Rent Light, Heat & Power Cleaning of Premise5 Water 1000 444 927 8561 200 18.265 370 659 Motor & Travel Expense Bank Charges Depreciation Charge.. Freehold Propeths Repair5 and Maintenance General Insurance Stationery & Postage Telephone, Fax & Internet Equipment Expense5 Building Work Fund Raising Expense Ic) 3,946 17,502 13,870 2.059 330 477 4170 17502 37392 1818 30 526 5602 16591 25,840 3,609 Total 136.932 137,840 6. Taxation The charity is exempt from corporation tax on its charitable artivities li
Bilal EducatioTral Forum 7. Flxed Assets: tan8ible a>sets PJrticvlar5 Freehold property (£) Total (£1 Qstlvalue Al l July 2022 Additions Dispos315 AI 30 June 2023 1,210,183 103,329 1,210,183 103,329 1.313.512 1.313.512 DeprecSatlon Al 1 July 2022 Charoe lor year on Disposals AI 30 June 2023 Net Book Value At 30 June 2023 128,392.22 17,502.22 128,392 17,502 145.894 145,894 1.167.618 1.167.618 8. Analysis of creditors falling due within one year Partlculars Amount {£) 2023 Amount 1£) 2022 Trade CrediloTS PAYE & Soual Security Accrued Expenses Other Creditors 37,554 753 i.o(x) 38.307 i.(x)o Wages & Salaries Control Accwrrt 966 Total 39.307 40.273 9. Analysis of creditors falling due after one year Partlculars Amount 1£) 2023 Amourrt 1£) 2022 Qardh e Hasanah 1,110,27S 1,014,485 Total 1.110,275 1,014,485 12
Bilal Educational Forum 10. Analysis of net assets between funds Partl¢ulars Restrleted funds1£ funds 1£) 1,167,618 265,773 139,3071 1.110.275) 283,809 Total (£1 Flxed assets Current assets Cvfrent liabilities Non GuTrenl li3.11eS Total 1,167.618 265,773 139.3071 11.110.275) 283,809 10.1. Analysis of charitable funds: Analysis of Fund movements Uniestricted funds: Unrestricted general fund5 Balan Irb¢omlng Fund ffwd 221.167 199.574 1136,9321 283.809 13
Bilal Educational Fmim Independent Examiner's Reporl to tru$le¢slmernbers of Bilal Educational Forum We have examlned the financlal statements for the period I july 2022 to 30 lune 2023 found on pages 7 to 12 which have been prepared on the basis of historic cost. The Trustees have confirmed that they do not hold any restricted funds and that all the funds are available to meet the charity's objectives. Res ertlve Res onslbllltles of Trustees and Examiner As the charity'5 trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charilies Act 20111.the ACVI. It is our responsibility to: Examine the accounts,. Follow thè procedures laid down in the Ger)eial Directories given by the Charity Cornmi5sion,' and State whether particular matters have come to our attention. Basis of Inde endent Emaminerfs Statement Our examination was carried out in accordance with the General DirecÈion% given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and comparison of ihe accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanatrons from the trustees concerning any such matters. The procedu¥es undertaken do not provide all the evidence that would be required in an audit. and consequently we do not express an audit opinion on the accounts. Inde endent Examinerfs Statement In the course ol our examinalion. no matter has come lo our altenlion: 11 Which gives us reasonable cause to believe that in, any material respect, the trustees have not met the requirements to ensure that propel accounting record5 are kept lin accordance with Artl and accounts are prepared which agree with the accounting records and comply with the accounting requirements of the Act,. 21 To whith, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. 31 To cause us to believe that the accounts do not accord with the records. I have no toncerns 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 account5 to be reached. Independent Emaminerfs Name: Dr M S I Choudhuryi PhD, FCA Relevant profe55ional qualification or body: ICAEW Address- WindsN House, 9-15 Adelaide Street. Luton. LUI 5BJ Date: June 4 . 2024 14
Bilal Educational Forum roval of Accounts We hereby 3pprove the atl3ched accounts for the period ended 30 June 2023 and confinn that we have Supplied all the information and explanations required for these accounts. Abul Hussain Chairman Date: June 4 2024 15