## **Charity number: 1162415** **Al Hamd Academy** **Trustees' report and financial statements for the year ended 1 February 2023** ## **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 2023** The Trustees have pleasure in presenting their report for the year ended 1[st] February 2023. 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:** - 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. - 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** - a) Started up the centre - b) Grew regular user base - 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: - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the Charities SORP to 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 explained in the financial statements; and - 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 behaif of the board Aji Kader Chaimian IL.L.lo£E Idree5 Ahmed Trustee Date-. l6 Ob 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 1st February 2023 as set out on pages 5 to g. Responsibilities and basis of report 2023 I rewrt to the trustees on my examinalKJn of the accounts of the aix)ve charity fr)r the year ended 1 Febnjary 2023. As the chanty's tsiJstee$, you are responsible for the pr8paratK>n of th& accounts in accordance with the requirements of the Chartties Act 2011 {Ihe Acri. I report in respect of my examination of the Trust's accounts carrled tyjt under ￿tiOn 145 of the 2011 Act and in carrying out my examination, I have followed all the ap￿ica￿e Directions grven by the Charity CommissK)n under section 14515llbl of th8 Act. Independ•nt •xamln•rf$ slatement I have completed my examination. I ￿nffirrn that no material matters have come to my attention in connection wth th8 examination which gives me causè to tsel￿Ve that in, any material r8spe¢L the accounting records were not kept in acCOrdar￿ wtth section 130 of the Chariknes Act" or the accounts did not accord with the accounting recortls.. rx the aC￿UnIS did rw)I comply with the applicable Wu1￿ments conceming the form and content of the ac¢ounls set out in the Charities IA¢¢¢xJnls and RepK)rtsl Regulations 2008 other than any requirement that the accounts giv& a Irue and fail, view which is r￿1 a matter considered as part of an independent examination. I have no concems and have come across no other matters in conneclKJn wilh the examination to which attentbon should be drawn in this ￿pOrt in order lo enable a proper understanding of the acu)unts to be reached. Signed.. Limbada Associates Limited Accountsnts 10 St. Georges Street Bolton Lancashire BL12EN Dale- ## **Statement of Financial Activities for the year ended 1st February 2023** |**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**
**£**
5,379
5,379
4,015
231
4,246
1,133
1,133
(35,226)
(34,093)|**Restricted**
**income funds**
**£**
0
0
0
0
0
0
0
0
0|**2023**
**Total**
**£**
5,379
5,379
4,015
231
4,246
1,133
1,133
(35,226)
(34,093)|**2022**
**Total**
**£**
7,457| |---|---|---|---|---| |||||7,457| |||||5,946
235| |||||6,181| |||||1,276| |||||1,276
(36,502)| |||||(35,226)| 5 Balance Sheet Yds at 1st February 2023 2023 2021 Natex xds Tvtil Fixed Assets Tarwble a55cts Totsi Flxed Aswts Current Asse C&8h It baDk gnd in b•Mi 1.989 1.989 5,106 Totsj CNrMI As*ety 1,9A9 1.989 5,106 Creditors: f*Jlingdue one yw 36,OR2 36,OY2 40J32 Net A#ets 134.09)) li4.093) li5.2261 Net Amets 134.09)) 134.0931 135.2261 Funds of the Chari R¢8th¢ted fi]nd5 134.093} 134.093) {352261 T•1￿ F￿0¥ 134.0931 134.0931 1352261 Slgntd by two oflhttrusieu om behal(of the Inmtts: 5igDatllre Ali K*Jer Ib.6. 16.06. 2023 ## **Notes forming part of the financial statements for the year ended 1st February 2023** ## **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: - 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); - the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102); - and with the Charities Act 2011. - (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|**Unrestricted**
**Restricted**
**funds**
**income funds**
**£**
**£**
3,840
1,539
5,379
0
**Unrestricted**
**Restricted**
**£**
**£**
4,015
4,015
0
**Unrestricted**
**Restricted**
**£**
**£**
175
60
(4)
231
0|**2023**
**Total**
**£**
3,840
1,539
5,379
**2023**
**Total**
**£**
4,015
0
0
0
4,015
**2023**
**Total**
**£**
175
60
(4)
231|**2022**
**Total**
**£**
5,245
2,212| |---|---|---|---| ||||7,457| ||||**2022**
**Total**
**£**
5,946
0
0
0| ||||5,946| ||||**2022**
**Total**
**£**
225
10
0| ||||235| ## **6. Details of certain items of expenditure** ## **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 |**2023**
**£**
150
150|**2022**
**£**
225| |---|---| ||225| 8 ## **7. Tangible fixed assets** |**Tangible fixed assets**||||| |---|---|---|---|---| |**Cost**
Additions
At 1 February 2023
**Depreciation**
At 2 February 2022
Additions
At 1 Febraury 2023
**Net book value**
At 1 Febraury 2023
At 1 Febraury 2022
Accruals
Rent
PAYE
Interest free loans
**Creditors: amounts falling due within one year**|**Unrestricted**
**£**
200
4,000
31,882
36,082|**Restricted**
**£**
0|**2023**
**Total**
**£**
200
4,000
0
31,882
36,082|Office
Equipment
£
694| |||||694| |||||694| |||||694| |||||0| |||||0| |||||**2022**
**Total**
**£**
225
4,000
36,107| |||||40,332| ## **8. Creditors: amounts falling due within one year** 9