Baytul ilm Trust
Report and Accounts
For The Year Ended
31 March 2022
Charity Number: 1164154
Baytul ilm Trust For year ended 31 March 2022 Contents
| Page | |
|---|---|
| Charity Information | 3 |
| Report of the Trustees | 4 to 7 |
| Report of the Accountant | 8 |
| Statement of Financial Activities | 9 |
| Balance sheet | 10 |
| Notes to the Financial Statements | 11 to 12 |
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Baytul ilm Trust For year ended 31 March 2022 Charity Information
| Other names | Baytul ilm Milton Keynes (Working Name ) | |
|---|---|---|
| Trustees: | SHK Muhammad Miah | Chairman |
| SHK Mohammed Abdus Salam | Trustee | |
| SHK Nurul Amin | Trustee | |
| Charity Number: | 1164154 | |
| Principal Office: | 12a Clarke Road | |
| Bletchley | ||
| Milton Keynes | ||
| MK1 1LG | ||
| Accountant: | Vertex Accountants | |
| McKenzie House (Top Floor) | ||
| 110-112 Leagrave Road | ||
| Luton | ||
| Bedfordshire | ||
| LU4 8HX | ||
| Bank: | Barclays Bank Plc | |
| Milton Keynes | ||
| MK9 2LD |
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Baytul ilm Trust
Trustees report for the year ended 31[st] March 2022
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The trustees are pleased to present their report together with the financial statements of the charity for the year ending 31[st] March 2022.
The board of trustees are satisfied with the performance of the charity during the year and the position at 31[st] March 2022 and consider that the charity is in a strong position to continue its activities during the coming year, and that the charity's assets are adequate to fulfil its obligations.
Objectives and Activities of the charity
Charitable objectives:
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To advance the religion of islam, by means of, but not exclusively, promoting the teachings and tenets of islam, provision of facilities for worship and provision of facilities for islamic education, in accordance with the teachings of the quran and sunnah of the prophet muhammad pbuh as expounded by the ahle sunnah wal jamah hanafi school of thought;
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To relieve financial hardship, distress and suffering among poor people, widows, orphans, refugees, victims of natural disasters and other people in need, by means of, but not exclusively, making grants or loans for providing or paying for items, equipment, services and facilities, including the provision of food, clothing, and accommodation for the said persons;
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To advance education for the benefit of the poor, the underprivileged and the general public by means of, but not exclusively, the provision or the assistance in the provision of educational activities and facilities, such as schools, libraries and training centres.
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To provide or assist in the provision of facilities in the interests of social welfare for recreation or other leisure time occupation of individuals who have need of such facilities by reason of their youth, age infirmity or disability, financial hardship or social circumstances with the object of improving their conditions of life.
Public benefit statement
The trustees confirm that they have paid due regard to the guidance given by the charity commission on public benefit.
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Baytul ilm Trust
Trustees report for the year ended 31[st] March 2022
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Strategies for achieving the year's objective
The charity implemented key action plans to help achieve its aims for the year:
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Maintain an active campaign of advertising and continued attendance at Islamic institutions and functions by the trustees. Staff promoted the activities of the charity locally as well as at the regional level.
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Continued review of key improvements necessary to existing facilities and undertake the necessary to existing facilities, furthermore undertake the necessary repairs and improvements.
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Continue to update policies on governance.
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Improved community relations.
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Participate in activities organised by local council, prevent, police and other faith groups.
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Active promotion of British Values.
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Improve health and safety
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Participate in national events to promote the activities of the charity.
The contribution of volunteers
The charity uses the service of volunteers in a number of ways:
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To assist in raising the profile of the charity
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To assist in maintaining records of the charity.
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To assist with the development of the charity.
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To provide teaching support.
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To maintain the buildings
Achievements and Performance of the Charity
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The charity continued to improve facilities available to students.
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British Values and participation in public life.
Review of charitable activities undertaken by the charity
The main activities during the year were:
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Provision of religious education to girls and boys in accordance with Islamic faith.
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Further enhancement of teaching materials and resources to maximise learning.
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Further enhancement of learning facilities.
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Increasing awareness of the trust and the services it provides.
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Facilitate community counselling and advice on local issues and needs.
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Baytul ilm Trust
Trustees report for the year ended 31[st] March 2022
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Structure, Governance and Management
Nature of governing documents and constitution of the charity
The charity is an unincorporated association governed by a trust deed. Eligibility for membership of the charity and membership of the board of trustees is governed by the trust deed. There are no restrictions in the governing document on the operation of the charity or on the investment powers, other than those imposed by general charity law.
Recruitment and appointment of new trustees
New Trustees are appointed by invitation based upon the specific requirements and the skill set needed by the charity to help advance the charitable objectives.
Induction and training of trustees
We have at the moment no policy or procedure for the training of trustees, other than the "do's and don’ts" publication provided by the charity.
Organisational Structure and management
Trustees meet regularly on a termly basis to discuss and plan objectives and implementation thereof. Matters of general concern are raised with all members. Day to day management and responsibility for implementing policies. The Trustees undertake all final decisions with implementation being delegated amongst each other.
Membership of a wider network
The charity has no responsibility for, neither is it answerable to any other organisation.
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 includes remuneration and expenses paid to Trustees.
Risk Management
The trustees acknowledge their responsibilities for establishing a risk management system and satisfied that appropriate systems and procedures are under development and continue to keep strategic business and operational risk under review with view to introducing, where necessary, additional procedures to mitigate these risks.
Reserves Policy
The trustees have resolved to establish over the next few years reserves to provide for future activities, and to provide funding for the expected expenditure for four months ahead. Current reserves are adequate based on our knowledge and experience.
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Baytul ilm Trust Trustees report for the year ended 31" March Z022 Pfinciple fvndinR sources and how expenditure in the year under review has supported the kev objertive5 of the charity The principle income was generated throu8h the PTOVi5ion of education in accordance with the objectives of the charity- The principal expenditure related to the cost of providing education. Availability and adequacy of assets of each of the funds The board of tnjstees is satisfied that the charity's assets in each fund are available and adequate to fulfil its obligations in respect of each fund. Financial Review The triJ5teeg consider the financial pqrformance by t charity durin8 thé year to have been satisfactory. The statement of financial actlvities shows incoming resources for the year of a revenue nature of £110.633.IJo The total unrestricied reserve5 at the year-end stand at E235494.00 Statement of Trustees, Responsibilities The Charities Acts require the Board of Trustees to prepare financial statement5 for each financial year 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 Of deficit of the charity. In preparing those financial statements the board were required to: Selert suitable accounting policles and then apply them consistently: make judgements and estimates that are reasonable and prudent; and prepare the finarbcial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in busines5. state whether applicable accDunLinB 5ldriddrds and 5tatement5 of recommended practice have been followed, 5ubjert to any material departures disclosed and explained in the financial statements. The tmstees are also responsible for the contents of the trustees, report, and the responsibility of the independent examinerlauditor in relation to the trustees. report is limited to examining the reporr and ensuring rhar, on the face of the report, Ihere dre iio incoiisisLencies witli ilie figure5 disclosed in the financial Statements. This report Was approved by the board of trustees on 2710112023. SHK Muhammad Miah Chairman
Report to trustee on preparatlon of the unaudlted accounts of Baytul ilm Trust For yeor ended 31 March 2022 Charlty No.. 1164154 Independent Examiners Rfrport on tho Account$ Report to tho Iru$¢¢emeIbeY of.. On accounts loryear ended.. Charity No.. Set out Dn pag•s'. Baul Ilm TTUSt 31 March 2022 1164154 2-7 Resppctive re5ponsibilitbe5 of trugtees and exarnlnr The Chanty's liustees a¢ resD)nsitAe for the p¢paratTh of the a¢cthnts. Thtr thanty'5 Iwsieos ¢on$der thai ah audii Is not requi forthis yearunder seCb( 44 01 the Charities Act 2011 Ilhe Chsrities Acii and that an Independent exarninauon Is needed. l am qu¥thed 10 underake the examiDalivm by 19 a Prathsing mernbEr of Ihe A5SOGiation of Cernfted PUblIGActanI$.IAcPAI - examine the 8tt0unts under 145 ofthe Chanbes Ad. - to fowow the produreS laid dthvn in the 9eneral direcbons give by Ihe tharity Cunmiss10Tr Ivnder secbon 14515llbl of the CharitS Act) and - siaie whether partIlar matters have COTne to my attentyon. Basis of Ind•p8tr)d•tti tx•mlnÈV$ ststernent Ourexaminalion was G4rried ow In 8xordance Wilh gerr81 dire10¥ given by the Charity Commison. An examinetyM indude5 revwi of the ating re(x)Tds kept by the charity and a COMnS0n DI ihe 8CContS pewted Wilh those recod5 11 a150 Indudes con51deratsDD of any unusual Items Dr di5o4osure5 In the accounts. and seeking explanaLons from the IIusLees concerniTr9 any 5uth matters. The procedures ndenaken do not wide all the evid2n that would be required In an audit, and consepueney llo opinion 15 given as to whether ihe accounts present a'irue and fair, wew and the rewrt Is limited lo those matters set out In the statement belDW. Indep8rdenl examinees ststements In ¢wne¢tyon with Tny exatninatioD. fjo matteT ha5 cune lo my attentson *fvch gives me any reasonaeCause to bdEve thai, in any maierial {eSpe the requirements ha¥e not been mei. - lo keep accLwntsng records In accordance With section 130 of the 2011 A¢t, - 10 ppare a¢wunts whith aorord the ac(xunbng records CmY wth the arwuntsng requirernen15 ofthe 2011 Act VertexArLounlanls McK8nzi? House (Top Floor) 110-112 Leagrave Road Lulon Bedford5hire LU4 8HX
Baytul ilm Trust STATEMENT OF FINANCIAL ACTIVITIES For year ended 31 March 2022
| Notes Incoming Resources 2 Grant and Donations Parental Contributions & Students Fees Other charitable Activities HMRC JRS & BFC Grants Total incoming resources Resources Expended 3 Cost of charitable Activities General Overhead Governance costs Total resources expended Net incoming/(outgoing) resources before transfers Gross transfers between funds |
Unrestricted Funds £ 12,202 92,900 - 5,530 110,632 53,190 6,184 720 60,094 50,538 |
Restricted Funds £ - - - - - - - |
Total Funds 2022 £ 12,202 92,900 - 5,530 110,632 53,190 6,184 720 60,094 50,538 |
Total Funds 2021 £ 12,215 53,683 24,125 8,474 98,497 38,022 7,027 900 45,949 52,548 |
|---|---|---|---|---|
Net incoming/(outgoing) resources before other recognised gains/(losses)
Other recognised gains/ (losses)
Gains and losses on revaluation of fixed assets for the charity's own use
Gain and losses on investment assets
| Net movement in funds Reconciliation of Funds: Total funds, brought forward Total funds, carried forward |
52,549 184,955 235,493 |
- - - |
52,548 184,955 235,493 |
52,548 132,407 184,955 |
|---|---|---|---|---|
The net movement in funds referred to above is the net incoming resources as defined in the statements of recommended practice for of Accounting and Reporting issued by the Charity Commission for England &Wales and is reconciled to the total funds as shown in the Balance Sheet on page 9 as required by the said statement.
All activities derive from continuing operations The notes on pages 11 to 12 form an integral part of these accounts
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Baytul Ilm Trusl Balance Shftet as at 31 March 2022 2022 2021 Not•s Th• as$ots and Ilabllltlp$ gf the Gharlty: Flxed Assets Tangible assets Total fixed asset$ 381.788 381,788 372,988 372988 Current Assets Deblors Cash in hand aThJ at Bank 103,576 73.020 Crgdilors Amounts falling duewlthln on¢ ymr Net Current Assets Totsl assets le$5 current liabilities 754 1.439 102,822 71,581 Creditors'.amounls falling due after more than one year 249.115 259,614 Total Net Assets 235.495 184.955 Total Funds of the Charf Uvireslricted funds 235.494 184.9S5 Total charfty funds 235.494 184.955 These Accounts were approved by the Trustees on 27 January 2023. SHK Mu mmad Miah Chairman SHK Nurul Amln Trustee The no1 on pages 1110 12 lorm part ol Ihese accounts 10
Baytul ilm Trust Notes to the Accounts For the Year Ended 31 March 2022
1. Accounting Policies
Basis of preparation of the accounts
These financial statements have been prepared on the basis of historic cost in accordance with Accounting nad Reposting by Charities, Satement of Recommended Practice (SORP 2005) and with the Charities Act 2011.
The charity has taken advantage of the exemption in the FRSEE from the requirement to produce cashflow statement.
Incoming Resources
Recognition of incoming resources
These are included in the Statement of Financial Activities (SoFA) when:
. 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 reliability.
Incoming resources with related expenditure
Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resources and related expenditure are reported gross in the SoFA.
Volunteer helpThe value of 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.
EXPENDITURE AND LIABILITIES
Resources expended
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use ofresources. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Governance costs
Include costs of the preparation and examination of statutory accounts, the costs of trutee meetings and cost of any legal advice to trustees on governance or constitutional matters.
Fixed assets and depriciation
All tangible fixed assets are capitalised if they can be used for more than one year and are stated at cost less depriciation. Items of less than £1000 are not capitalised.
Depriciation has been provided at the following rates in order to write off the assets (less their estimated residual value) over their estimated usual economic lives.
Freehold property 2% straight line Vehicles 25% straight line Plant and machinery 25% reducing balance
A regular annual review of the likelihood of the asset impairment is undertaken.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Funds structure policy
The charity maintains a general unrestricted fund which represents funds which are expendable at the discretion of the trustees in furtherance of the objects of the charity. Such funds may be held in order to finance both working capital and capital investment. Restricted funds can only be used for particular restricted purposes within the objects of the charity.
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| 2 Incoming resources General Donations Charitable activities Parental Contributions & Students Fees HMRC JRS GRANT Charitable activities Gross Salaries / Staff Cost Events and activities Premises Cost Rent & Rates Training & Welfare Light & Heat Repairs and maintenance Cleaning Insurance Administrative expenses Materials & Teaching Aids Telephone and fax Advertising and PR Other legal cost Depreciation Governance Costs Accountancy / Internal Examiner 4. Staff Costs and Emoluments Gross Salaries 5.Tangible fixed assets Freehold Property Plant & Machinery Motor Vehicles Asset cost,Valuation or revalued amount At 01 April 374516 11736 7000 Additions 1800 Revaluation At 31 March 376316 11736 7000 Accumulated depreciation and impairment provisions At 01 April 13264 Charge for the year 0 0 0 At 31 March 13264 0 0 Net book value All assets are used for charitable purposes amountsfalling due after one year Qurze Hasana Qarze hasana is unsecured and interest free money loaned to the charity by member of the public no fixed repayment term. Tangible fixed assets Current assets Current liabilities Long term liabilities Total Funds The restricted reserve relates to appeals made for bulding purchases to be used by the charity or for investment purposes. 12 |
2022 £ 12202 92900 5530 110632 40119 6460 46579 0 0 3457 2289 0 979 6725 0 438 300 4341 0 5079 720 40119 2022 393252 1800 395052 13264 0 13264 381,788 249115 259614 381788 103576 -754 -249115 235495 |
2021 £ 36340 53683 8474 98497 28226 7337 35563 0 90 2678 3429 0 792 6989 1717 561 89 128 0 2495 900 28226 2021 386,252 0 386252 13,264 0 13264 372988 259,614 259614 372,988 73020 -1439 -259,614 184,955 |
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9. Related Party Transactions.
No fees or expenses were paid to trustees or persons connected with them.