## **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|
`
2
## **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||
`
3
**Baytul ilm Trust**
## **Trustees report for the year ended 31[st] March 2022**
## **_______________________________________________________________**
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:**
- 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;
- 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;
- 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.
- 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.
4
## **Baytul ilm Trust**
## **Trustees report for the year ended 31[st] March 2022**
## **_______________________________________________________________**
## **Strategies for achieving the year's objective**
The charity implemented key action plans to help achieve its aims for the year:
- 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.
- Continued review of key improvements necessary to existing facilities and undertake the necessary to existing facilities, furthermore undertake the necessary repairs and improvements.
- Continue to update policies on governance.
- Improved community relations.
- Participate in activities organised by local council, prevent, police and other faith groups.
- Active promotion of British Values.
- Improve health and safety
- 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:
- To assist in raising the profile of the charity
- To assist in maintaining records of the charity.
- To assist with the development of the charity.
- To provide teaching support.
- To maintain the buildings
## **Achievements and Performance of the Charity**
- The charity continued to improve facilities available to students.
- British Values and participation in public life.
## **Review of charitable activities undertaken by the charity**
The main activities during the year were:
- Provision of religious education to girls and boys in accordance with Islamic faith.
- Further enhancement of teaching materials and resources to maximise learning.
- Further enhancement of learning facilities.
- Increasing awareness of the trust and the services it provides.
- Facilitate community counselling and advice on local issues and needs.
5
## **Baytul ilm Trust**
## **Trustees report for the year ended 31[st] March 2022**
## **_______________________________________________________________**
## **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.
6
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$¢¢emeIbeY of..
On accounts loryear ended..
Charity No..
Set out Dn pag•s'.
Baul Ilm TTUSt
31 March 2022
1164154
2-7
Resppctive re5ponsibilitbe5 of trugtees and exarnln*r
The Chanty's liustees a¢ resD)nsitAe for the p¢paratTh of the a¢cthnts. Thtr thanty'5 Iwsieos ¢on$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 ger*r81 dire10¥ given by the Charity Commis*on. 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.
Indep8r*denl 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
9
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.
11
|**_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|
|---|---|---|
## **9. Related Party Transactions.**
No fees or expenses were paid to trustees or persons connected with them.