Charity number: 1162415
Al Hamd Academy
Trustees' report and financial statements for the year ended 1 February 2022
Al Hamd Academy
| Contents | |
|---|---|
| Page | |
| Legal and administrative information | 1 |
| Trustees report | 2 - 3 |
| Independent Examiner’s report | 4 |
| Statement of financial activities | 5 |
| Balance sheet | 6 |
| Notes to the financial statements | 7 - 9 |
Al Hamd Academy
Legal and administrative information
| Charity number | 1162415 |
|---|---|
| Address | 125 Minto Street |
| Ashton Under Lyne | |
| Lancashire | |
| OL7 9DA | |
| Trustees | Abrarulhaq Patel |
| Ali Kader | |
| Hamad Akhtar | |
| Idrees Ahmed | |
| Waqar Mohammad | |
| Secretary | Waqar Mohammad |
| Chairman | Ali Kader |
| Accountants | Limbada Associates Limited |
| Accountants | |
| 10 St. Georges Street | |
| Bolton | |
| Lancashire | |
| BL1 2EN | |
| Bankers | HSBC Bank Plc |
| 219 Stamford Street | |
| Ashton Under Lyne | |
| Lancashire | |
| OL6 7QH |
1
Report of the trustees for the year ended 1 February 2022
The Trustees have pleasure in presenting their report for the year ended 1[st] February 2022. This report is prepared in accordance with the Statement of Recommended Practice - Accounting and reporting by the Charities and complies with applicable law.
Status and administration
The charity started its operations in 2015 and is constituted under a 2015 constitution and registered with The Charity Commissioners under charity number 1162415.
The Board of Trustees comprises members from a variety of backgrounds. The procedure to appoint or withdraw a trustee is in accordance with the constitution. There are informal procedures in place for the induction and training of new trustees.
The Board of Trustees are responsible for the management of the risks faced by the charity. Risks are identified, assessed and controls established throughout the year.
The objectives of the charity are:
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a) To advance the religion of Islam in Ashton Under Lyne by means of, but not exclusively, promoting the teachings and tenants of Islam, provision of facilities for worship and Islamic education, in accordance with the teachings of the Quran and of the prophet Muhammad (pbuh) as defined and interpreted by the Ahle Sunnah Wal Jama'a for the benefit of the public.
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b) To advance education for the benefit of the general public, by means of, but not exclusively, the provision of educational activities and facilities such as supplementary schools, adult learning programmes and classes including (but not limited to) english, maths, science, computer and internet, citizenship and social cohesion and cv improvement.
Activities and Achievements
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a) Started up the centre
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b) Grew regular user base
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c) Integration with community
Risk Management
The current account funds are held with a leading bank to minimise disruption to activities and reduce risk.
All investment decisions are made to achieve a reasonable return from acceptable sources according to Islamic Jurisprudence whilst minimising the risk.
Trustees' Responsibilities
Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of charity and of the incoming resources and application of resources of the charity for that year. In preparing these financial statements the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP to make judgements and estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial portion of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011 and the Charity (Accounts and Reports) Regulations 2008. 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.
2
On behaff of the board i Kader Chalmian Idrees Ahmed Trustee Dat6:
Inde endent Examiner's Re ort for the ear ended 1 Februar Independent Examinerfs report to the trustees of Al Hamd Academy charity number 1151415 on the accounts for the year ended 1¥t February 2021 as set out on pages 5 to 9. Responsibiliti¢8 and bA8is of report 2021 I report lo the Iru5tees on my examinatM)n (rf the accounts of the at¥)ve charity for th8 y•ar 8nd8d 1 F•bruary 2020. As the charitys trustees, you are responsibFe for the preparatn of the accounts in accordanc8 Wfth th8 requirements of the Charities Act 2011 Ilhe Acr}. I report in respect of my examination of the TnJsVs accounts carried out un(ler seclion 145 of the 2011 Act and in carrylng out my examination. I have followed all the applicable Directions gNen by Ihe Charity Commission under section 145151{b} of the Act. Ind•p•nd•nt examinerfs statom•nt I have completed my examination. I confimi that no material matters have come to my attention in connection the 8x8mination which gives me cause to believe that in. any material respect: the accounting records were Th)t kept in 8¢cordarKe wilh section 130 of the Charrties Act" or the accounts did not accord wrth the accounting records," or the accounts did not comply with the applicable requirements conceming the form and content of the acLounts set out in the Charits"es (Accounts and Reports) Regulats"ons 2008 other than any requirement that the accounts give a Inje and fairf view whth is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in COnnecn with the examination to whi¢h attention should be drawn in this report in cyder to enab a proper understanding of the accounts to reached. Signed= mbada Associates Limit8d A¢¢ountants 10 Sl. Georges Street Bolton Lancashire BL1 2EN Date: ./. /a)22
Statement of Financial Activities for the year ended 1st February 2022
| Incoming resources Incoming resources from generated funds Voluntary Income Resources expended Charitable Activities Support Costs Total Funds Brought Forward Notes 3 4 5 Total Funds Carried Forward Total incoming resources Total resources expended Net Incoming Resources before Transfers Net Movement in Funds |
Unrestricted funds £ 7,457 7,457 5,946 235 6,181 1,276 1,276 (36,502) (35,226) |
Restricted income funds £ 0 0 0 0 0 0 0 0 0 |
2022 Total £ 7,457 7,457 5,946 235 6,181 1,276 1,276 (36,502) (35,226) |
2021 Total £ 15,529 |
|---|---|---|---|---|
| 15,529 | ||||
| 16,128 606 |
||||
| 16,734 | ||||
| (1,205) | ||||
| (1,205) (35,297) |
||||
| (36,502) |
5
Balance Sheet as at 1st Febrn2ry 2021 2022 Z1121 N•is l¥ds [•• TDfl Fixed Assets T8¢wibl¢ assets T•thl ¢d Aets Current Assets C&th at bank and in 5.106 5.106 4,510 T•ta] CllrMItAsstts 5.106 5,106 4,510 Creditors: •moullts fAUillg dllt wilhiD One yar 40,332 40.332 41.012 135226) 1352261 136.5021 135.2261 135.2261 136.5021 d$ of the Chri R¢stri¢kd fiujds Unrestii¢t¢d fuJ>ds 135.226} (352261 136.502) T1 FtyA 135226} 135J261 136.5021 Signed by tsvo of Iko trustou ow beblf •f ll tht trnittei: D&¢ of¥ppro%¥] O) Iii Izo22
Notes forming part of the financial statements for the year ended 1st February 2022
1. Principal Accounting Policies
- (a) Basis of accounting
These accounts have been prepared on the basis of historical cost (except that investments are shown at market value) in accordance with:
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the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102);
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the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102);
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and with the Charities Act 2011.
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(b) Change in basis of accounting
There has been no change to the accounting policies (valuation rules and methods of accounting) since last year.
- (c) Changes to previous accounts
No changes have been made to accounts for previous years.
2. Accounting policies INCOMING RESOURCES Recognition of incoming These are included in the Statement of Financial Activities (SoFA) when: - resources the charity becomes entitled to the resources; - the trustees are virtually certain they will receive the resources; and
- the monetary value can be measured with sufficient reliably.
Incoming resources with Where incoming resources have related expenditure (as with fundraising or contract income) the related expenditure incoming resources and related expenditure are reported gross in the SoFA.
Grants and donations Grants and donations are only included in the SoFA when the charity has unconditional entitlement to the resources. Tax reclaims on Incoming resources from tax reclaims are included in the SoFA at the same time as the gift to which donations and gifts they relate. Gifts in kind Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SoFA as incoming resources when receivable. Donated services and These are only included in incoming resources (with an equivalent amount in resources expended) facilities where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received. Volunteer help The value of any voluntary help received is not included in the accounts but is described in the trustees' annual report. Investment income This is included in the accounts when receivable. Investment gains and This includes any gain or loss on the sale of investments and any gain or loss resulting from revaluing losses investments to market value at the end of the year. EXPENDITURE AND LIABILITIES Liability recognition Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources. Governance costs Include costs of the preparation and examination of statutory accounts, the costs of trustee meetings and cost of any legal advice to trustees on governance or constitutional matters. Support costs Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, e.g. allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
7
3. Voluntary income
| Class Fees Donations 4. Charitable activities Wages & Salaries Rates and Water Rates Rent Light & Heat 5. Support Costs Accountancy Charges Bank Charges Telephone and Internet 6. Details of certain items of expenditure |
Unrestricted Restricted funds income funds £ £ 5,245 2,212 7,457 0 Unrestricted Restricted £ £ 5,946 0 0 0 5,946 0 Unrestricted Restricted £ £ 225 10 0 235 0 |
2022 Total £ 5,245 2,212 7,457 2022 Total £ 5,946 0 0 0 5,946 2022 Total £ 225 10 0 235 |
2021 Total £ 9,235 6,294 |
|---|---|---|---|
| 15,529 | |||
| 2021 Total £ 10,074 293 5,000 761 |
|||
| 16,128 | |||
| 2021 Total £ 398 0 208 |
|||
| 606 | |||
5.1 Trustee expenses
Trustees are not remunerated for their services but their out of pocket expenses were not paid this year.
5.2 Fees for the independent examination of the accounts
| Independent examination's fees for reporting on the accounts Other fees paid to the independent examiner or auditor |
2022 £ 225 0 225 |
2021 £ 350 48 |
|---|---|---|
| 398 |
8
7. Tangible fixed assets
| Tangible fixed assets | ||||
|---|---|---|---|---|
| Cost Additions At 1 February 2019 Depreciation At 2 February 2018 Additions At 1 Febraury 2019 Net book value At 1 Febraury 2019 At 1 Febraury 2018 Accruals Rent PAYE Interest free loans Creditors: amounts falling due within one year |
Unrestricted £ 225 4,000 36,107 40,332 |
Restricted £ 0 |
2022 Total £ 225 4,000 0 36,107 40,332 |
Office Equipment £ 694 |
| 694 | ||||
| 694 | ||||
| 694 | ||||
| 0 | ||||
| 0 | ||||
| 2021 Total £ 850 4,000 55 36,107 |
||||
| 41,012 |
8. Creditors: amounts falling due within one year
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