Al Misbaah Academy (AMA) Annual Report and Financial Statements Period ending on 31st August 2020 Charity Number. 1172726 Page l of 26
sbaah Acade Contents Administrative Information.......................... Trustees, Report........... Structure, Governance and Mana8ement.........................- Objectives......................-.......-........... Activities and achievements . Financial review............................. 12 Independent Examiners Report...... IV. Financial Statements......................... .14 .15 Statement of Financial Activities.......................................-..... 15 Statement of Financial Position (Balance Sheetl.....................-... 16 Statement of Cash Flows.......................................... 17 Notes to the Financial Statements....-........ .. 18 Page 2 of 26
ade Administrative Infomiation Charity Number: 1172726 Registered office.. 142 Mitton Avenue, London, E6 1 BL Principal Office.. 645 High Road. Seven Kings, Ilford, IG3 8RG Diroctors and Trustees The directors of the Al Misbaah Academy (AMA) (the chanty) are its trustees for charity law. The trustees and officers serving during the year and since the year end were as follows.. Mohammed Ibn Sadiq Kothia Chairman Appointed 24th April 2017 Dr. Haseeb Valli Appointed 24th April 2017 Imam Suhail Patel Appointed 24th April 2017 Key Management Personal CEO Imam Suhail Patel Our Advisers Bankers: Santander UK PLC. 2 Triton Square, Regent's Place, London, NW1 3AN Independent Examiners: SK Accountants Limrted. Old Poplar Library. 45 Gillender St, Poplar, E14 6RN Page 3 of 26
Academv AM Trustees, Report The trustees are pleased to present their annual directors. report together with the financial ststements of the charity for the period ending on 31s1 August 2020 which are also prepared to meet the requirements for a directors. report and accounts for Charibes Act purposes. The financial statements compty with the Charities Act 2011, by its constitution, and Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to harities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015). Page 4 of 26
Al Mis hAc mv (AMA Structure, Governance and Management Governing Document Al Misbaah Academy (AMA) is constituted as a charitable trust registered with the Charty Commission in April 2017 under chanty number 1172726. It is governed by a Charitable Incorporated Organisation last updated in June 2017. Organisational structure The charity Irustees are responsible for the general control and management of the charty. The trustees meet together as a body monthly and are responsible for the overall governance ofAI Misbaah Academy and to oversee the management and day to day running of the charty. To organise the governan of the charity, the trustees are in the pro$$ of setting up number of sub-committees to delegate key areas of responsibilty. This will include the following: Finance sub-committee Fundraising sub-committee Ladies sub-committee The day-to-day management of Al Misbaah Academy and administration of the projects are controlled by the Chief Executive, Mufti Suhail. Recruitment and appointment of trustees The existing trustees are responsible for the recruitment of new trustees. In selecting new trustees, we seek to identify people who are commttted individuals. whose views are aligned to the charity's vision, in addition to being able to offer relevant skills and experience. Potential trustees are invited to attend trustees, meetings to meet the trustees and have an informal interview and are given more details about the charrty's aims and activities, and. if all agree. they are then proposed as new trustees at the subsequent trustees, meeting. This process allows due Consideration of the person's eligibility. personal competence. specialist knowledge and skills. Inductlon and training of new trustees Following appointment, new trustees are introduced to their new role and given copies of the governing document, a copy ofthe mosl recent, 'The Essential Trustee, guidance booklet, and guide to the policies and procedures adopted by our charity. A number of publications from the Charity Commission are also provided including the guidan on charities and public benefft and on the advancement of rel10n for the public benefrt. This ensures that new trustees are aware of the scope of their responsibilities under the Charities Act. Inilially, new trustees work with an existing trustee assisting on particular activities and projects run by the charty- After satisfactory feedback from existing trustees, Page 5 of 26
hAc they are given the task of leading a particular activrty or project, reporting progress at trustees, meetings. Rlsk management The trustees have assessed the risks the charity faces and have drawn up a risk matrix which identifies the major risks by area of activty, the nature of those risks, the likelihood of the risks happening, and the measufes tsken to manage them. The trustees review the risk matrix regularly at their meetings. The trustees are satisfied that systems are in place, or arrangements are in hand. to manage the risks that have been identffied. In particular, The finances of Al Misbaah Academy (AMA) are kept under review and financial controls regularly reviewed and improved as needed. Appropriate Criminal Records Bureau (CRBIDBS) checks, supported by regularly reviewed policies, are made for all those who work with children or other vulnerable groups within the premises. Security of all stskeholders is of upmost important and is kept continuously under review. The Charity regularly review policies to reduced Reputational risk of the organisation and review all complaints immediately. The board also take the legislative requirements of the chanty seriously and regularfy revtew that the charty is compliant. Page 6 of 26
aa mv Objectives Our Aims The objectives of the charty are set out in the Charty's governing document and are summarised as follows.. 1. To advan education for the benefit of the poor. underprivileged and the general public, by means of, but not exclusively. the provision or the assistance in the provision of educational actrvities and facilities for those in the UK. 2. To advan the religion of Islam, by the means of. but not exclusively. promoting the correct understanding of the beliets and practi$ and provision or assistan in the provision of facilities for worship and Islamic education for the benefit of the community in the UK, in accordance with the teachings of the Qur'an and Sunnah of the Prophet Muhammad (PBUH) as interpreted by the Ahlus-Sunnah-Wal-Jama'ah school of thought. 3. To relieve financial hardship. distress and suffering among poor people, victims of natural and man-made disasters and other peopk in need, by means of. but not exclusively, fundraising donations for providing or paying for food, items, equipment, clothing, accommodation and such services and facilities for the benefit of the said persons. 4. 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 infirmty or disabilty, financial hardship or social circumstan5 with the object of improving their conditions of lrfe. Our objectives Our objectives are set to reflect our faith and communty aims. Each year our trustees will review our objectives and activrtEs to ensure they continue to refiect our aims. In carrying out this review the trustees have considered the Charity Commission's general guidance on public benefit and in particular its supplementary public guidance on the advanment of religion for the public benefit. Publi¢ Benefit The Trustees have complied with the duty in section 17{5) of the 2011 Charities Act to have due regard to guidance published by the Charity Commission with regard to public benefit. Page 7 of 26
Mis Aca Activities and achievements The charity carries out a wide range of activitEs in pursuan of its charitable aims. The trustees consider that these activities, summarised below, provhye benefrt both to our students who study at Al Misbaah Academy (AMA). the wider community of Redbridge. London. and those who connect with us throughout the world: Supplementary Schools Al Misbaah Academy {AMAI operates Supplementary Schools on both the weekdays and weekends. catering for approximately 700 students, ranging between the ages of 5 - 16. Within our curriculum development, not only do we aim to depart the Core fundamentals ofour faith and preserve the legacy of our sacred tradition, such as the recitation and memorisation ofthe Qurfan and Islamic Studies, we also aim to nurture our students holistically and develop well-grounded citizens of the community who are empowered to self4iscovery, wholeness, and social ¢onsciousness. This year, we integrated a series ofenrichment days and campaign weeks into our curriculum: whereby students carried out experiential arnIng aimed at teaching them qualities such as compassion, perseverance. resilEnce, and leadership. As part of these. we visited Haven House Children's Hospice and took gifts forthe staff and chikdren there promoting compassion and empathy. Our children also paid a visit to our local residents at theirdoorsteps and created food parcels for them, as part of our enrichment days promoting respect and tolerance. As part of our Supplementary School project this year. we managed the Supplementary School of a local institute, Masjid Al-Falaah. Over the course of the year. we redesigned their curriculum, reshaped their class structure, and provided training to the staff with regards to innovative teaching and learning methods. The feedback provided by the institute, their parents and students was oveN4ttelmingty positive and by the end of the year, the Supplementary School was in a position to ex1. However, although this project provided us with much growth considering the challenge. we decided that it was not in the best interests of Al Misbaah Academy to continue with this project and hence the contract was ended following one year. Qurfan Memorisation Class The memorisation of the Qurfan is considered an important element of religious education and training. We are pleased with this programme which continues to run sucsSfUllY with 13 young students regularly attending this class. This year. we were able to celebrate the wonderful achievement of a further one of our students, Ihsan Islam, completing the memorisation of the Qurfan. Another proud moment which we enjoyed this year was during the Qur'an memorisation competition hosted by The National Huffadh Association. in which Iwo of our students, Faheem Ahmedabadi and Eesa Mulla reached the finals, for which there were only five places. We continue to work for the success of our students who are working towards many more great achievements. Page 8 of 26
Mis Ac ,Aiimiyyah (Islamic Scholarship) Programme The 'Aiimiyyah Programme is an undergraduate Ve1 programme in Shari ah (Islamic Law) and Islamic Theology. The programme is an in-depth study of subjects such as Tafsir. Halfith, Fiqh and the principles of Tatsir, Ha1th and Fiqh. It also includes an advanced study of classical Arabic. The aim of the 'Alimiyyah curriculum is to produce scholars and leaders who are competent in the Islamic scien$ such as Tafsir and Ha1th possessing the professional skills necessary to See. guide and lead the Muslim community with excellence. In addition to imparting knowledge and skills, the curriculum, and the environment within which it is taught is designed to produ scholars whose scholarship is marked by tradition. intelligence, piety, responsibility. and generosity of spirit. Our goal is to ensure that we are not simply producing academics and professionals seeking a career, but are producing the selfless spirit that has always been so characteristic of Islamic hOlarShIp. This year at Al Misbaah Academy, we took on our third intake of students. Part-Time Courses We operate numerous courses for both male and female adults and teenagers in Ouf community, tsilored to their requirements and needs. This year at Al Misbaah Academy, we held the following courses- Access to TaJwTd This course, aiming to educate adults on the proper recitation of the holy Qurfan, giving them the confidence to recrte independently, as well as impart the knowledge of this vitsl Qur'anic science, was initiated this year following numerous requests from the communrty. This course caters for over 25 students, both local and from throughout the country following the transition online. Access to QuvaTr Following the success of the two modules of this course which ran last year, we ran a further third module covering a deeper insh1 and understanding of the heart of the Qur'an. Surah Yasin. The Essontlals of Islam This modular Course catering for both male and female adults, covering core elements of our Islamic tradition which are relevant for our daily lives was initiated this year. Its aim is to ultivate a yearning to continue gaining knowledge and growth as a lifetime experience. Throughout this year, we held three modules covering a range of topics, and overall. over 50 students benefitted both locally and throughout the Country via the online platform. Let's Speak Ardbic Following a successful Arabic IntensNe Summer course last year. this year, we designed spoken Arabic course for adults and teenagers, delivered by Mahmoud Sa'saa, a native Egyptian teacher with over 30 years of experience in teaching the Arabic language. Three modules were held with two Cohorts throughout this year. Students were left extremely satisfied with their progress and have developed a zeal to continue to perfect their Arabic as they advan through the course. Page 9 of 26
Mis MA Further Education This year, we took on the fourth intake of our highly popular teenagers, course studying Sirah, Hacfith, Fiqh and Contemporary Issues. By promoting active learning and open discussion, this course aims to provide our youth with the tools to navigate the modem world in a sound, balanced and holistic way, as encouraged by our farth. Our core aims are twelve., Developing a life-long zeal for learning. instilling the love of Islamic environments, building leadership qualities, fostering prophetic characteristics. providing a positNe learning experience, facilitating critical thinking. opening doors to healthy friendships, inspiring love of Allah, the Qur'an and the Sunnah. strengthening Iman (faith) and Godthconsciousness. transforming self- qonfidence, unlocking creativity and imagination and empowering application of sound and reliable knowledge. Ramadan Adult Courses Throughout the blessed month of Ramadan, we held a range of courses online as this was also during the peak ofthe pandemic. Our highly popular Sisters, Tatsir Course (Surah Yasin, Rahman & Waqi'ahl grew exponentially. with over 600 sisters tuning in. The majority of these were frorn the UK, however, we also had much interest from the intemational crowd. This was an increase of over 450 students from the previous year. Additionally, we ran daity Fiqh (J'urisprudence) sessions on weekday aftemoons wherein relevant. FAQS were addressed. We also ran daily summaries of each Qur'anic chapter after the late-night prayers which were very Well-reIVed too Over the course of the month, we connected with over 1000 males and females with our Ramadan courses, and from this, our following increased hugely too. Ramadan Youth Cournes Intending to cater for the youth and allow them to connect with their faith. we held online youth sessions during weekend afternoons whereby numerous, contemporary topics were addressed by guest speakers who specialise in their fields. Participants were provided with the opportunity to interact with the speakers and ask questions. Overall, over 300 youth benefitted. and we were left with glowing feedback. Adaptation During Covid-19 At the start of the Covid-19 pandemic. we were severely htt due to being fOrd to close the doors of our Supplementary School, 'Aiimiyyah Programme and Part-Time Courses. We very quickly adapted to the situation to ensure that our students, education was not Compromised, and at a time like the present when most felt more isolated than ever. we felt it vital that we keep our commun1tS connected by this means. We transitioned to bringing all our classes online in a smooth manner. through this was a new area for us to ventufe into. The feedback regarding our swift adaptation and dedication was overwhelmingly positive from our students, parents and staff. Alongside this, we also took a lead in this aspect and supported other educational establishments locally to set up their online classrooms. For those students who were affected financialty by the pandemic, we provided them with tablets and devices and provided fee concessions to support their learning and education. PaBe 10 of 26
Community Outreach Work We regularly organise events and activities for the community to provide opportunities for cohesion, tackling issues of importance and strengthening tS within the local community. Heaven at Your Doorstep This year. we hosted our inaugural dinner which was attended by over 700 members of our local community al a banqueting suite_ It was a truly memorable night filled with unity, warmth and compassion. We hosted international guests who carried out perfomian¢es and talks on the theme of the famity bond. We received exceptional feedback from the night and hope to Ist many more events as such in the fvture. Fundraising Over the month of Ramadan. as part of our intention to give back to the local charities who have supported us and crises throughout the world. we raised funds to fulfil the medical needs of Syrian refugees. Through the support of our local community and businesses, we raised a phenomenal £44.000 from which mobile emergency units have been set up. providing daily critical care to these vulnerable refugees. Youth of Today Following the initiation of our communty funded youth group, "Youth of Today" last year, we continued to run a Games Lounge for youth to Come and enjoy themselves at Seven Kings Muslim Educational Trust, playing pool. table tennis and other such activities in a safe environment. The games lounge remained open every Saturday aftemoon with approximately thity youth in attendance each week. Page 11 of 26
aa ca Financial review Principal Sources of funding The charty's main source of income are madrassa fees, in the Current year the incoming resources fof the year amounted to £355,280. The continued generous donations provided by the users and supporters of the charity received in the Current year £10.457. Al Misbaah Academy is therefore extremely grateful for all the support and is expects the same support in the future. P.lans for the future the charity will be looking to diversify our sources of income by looking to do further events and increase the number of courses, we are also looking at the prospect of a consultancy contract with another similar organisation and looking at the possibility of grant funding from the public and private sector. Reserves policy The trustees have reviewed the reserves of the charity. The aim is to hold enough cash unrestricted funds within the reserves to cover six months of operational expenses. Currently the charity holds enough reserves to cover two months of operational expenses. The current free reserves of the charty are £49,543. Plans for the future. currently the general unrestricted funds are below the target of 6 months, the charity aims to increase the level of cash reserves funds to meet this target. Investment policy The Charity has no long-term investments. Our cash deposits retained are with major UK retail banks. Going Concern The trustees believe there are no material UnrtaInt[eS about the charity's ability to continue and believe that the charity is a going concern. Page 12 of 26
Trustee responsibilities in relation to financial statements The charty trustees of Al Misbaah Academy are responsible for preparing a trustees, annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards. Charty law requires the trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charity incoming resources and application of resources, including the income and expenditure, of the charitable for that period. In preparing the financial statements, the trustees are required to-. select suitable accounting policies and then appty them Consistently., observe the methods and principles in the Charrties SORP., make judgements and estimates that are reasonable and prudent- state whether applicable UK aGGounb'ng standards have been followed, subject to any material departures disclosed and explained in the financial statements,. Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charty and to enable them to ensure that the financial statements comply with the Chartbes Act 2011. They afe also responsible for safeguarding the assets of the charty and hen taking reasonable steps for the prevents'on and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Signed on its behalf. Trustee And Trustee Page 13 of 26
Aca Independent Examiners Report Respective responsibilities of trustees and examiner The trustees are responsible for the preparation of the a¢unIs. The charty's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 {the Charities Act) and that an independent examination is needed. The charity's gross income exeded £250,000. It is my responsibilrty to.. examine the accounts under section 145 of the Charities Act, to follow the procedures laid down in the general Directions gtven by the Charty Commission {under section 14515){bl of the Charities Act. and To state whether particular matters have come to my attention. Basis of independent examinerfs statement My examination was carried oul in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provTrde all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fairf view and the report is limited to those matters set out in the statement below. Independent examinerfs ststement In connection with my examination, no material matters have come to my attention (other than that disclosed below if any) which gNes me cause to believe that in, any material respect- accountin9 records were not kept in accordance the Charities AGt', or the accounts do not accord with such records.. or the accounts do not compty with relevant accounting requirements of Charities Act other than any requirement that the accounts give a 'true and fairf view which is not a matter considered as part of an independent examination.. or the a¢¢ounts have not been prepared in accordance with the Charities SORP (FRS102). I have come across no other matters in connedion with the examination to which attention should be drawn in this report in order to enable a proper understanding ofthe accounts to be reached. Address: SK Accountants, Old Poplar Library. 45 Gillender St. Poplar, E14 6RN Page 14 of 26
aa IV. Flnancial Statements Statement of Financial Activities 2020 Totsl Funds 2019 Total Funds Unrestricted Restrlcted Notes Ihcome: Donations and legacies Income from charitable activities.. 10.457 10.457 8.537 374,488 374,488 273.776 Total income 384,945 384.945 282,313 Expenditurè Expenditure on charitable activities Govemance Costs 353.884 353.884 269,063 2.500 2,500 Total expondlture 356.384 356.384 271.563 Net movement In funds for the year 28.561 28.561 10.749 Reconclllatlon of funds Total Funds Brought Forward 20,981 20,981 10,232 Total Funds Carrled forward 49,S43 49,543 20,981 The statement of financial actrvities includes all gains and losses recognised in the year. All income and expenditure derNe from continuing activities Page IS of 26
Mis aa Aca Statement of Financial Position (Balance Sheet) 2020 2019 Fixed assets Total Fixed Assets Current assets Debtors Materials Cash at bank and in hand 10 2,032 6,133 6,079 32.340 75,859 Total Current Assets 77,891 44.552 Liabilities Creditors falling due within one year 11 28.348 23,571 Current assets less current liabilities 49,543 20,981 Creditors: falling due after more than 1 year Net assets 49.543 20,981 The funds of the charity: 12 unstrICted funds:_ General Reserve Funds 49,543 20.981 Totsl charity funds 49,543 20,981 Financial statements were approved on L?. IG.G1.7.d.&J..by the members of the committee and authorised for issue. Signed on their behalf by: Trustee Name .Ib,:? ej Tun S4J.* KoFk,' Page 16 of 26
aa Aca Statement of Cash Flows 2020 2019 Cash flows from operating activities: Net movement in funds (Increase)IDecrease of debtors Increasel(Decrease) of creditors 28,561 10,180 4,777 10.749 8,867 10.963 Net cash flow of operating activities 43,518 30,580 Cash flows from investing activities: Deduct purchase of assets (6.079) Net Cash flows from Investing activities: (6.079) Change In cash and cash equivalents in the year 43,518 24.501 Cash and Castt equpialents brought forNard 32,340 7,839 Totsl cash and cash equivalents at the end of the year 75,859 32,340 Page 17 of 26
Is ca Notes to the Financial Statements Accounllng Policias The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows.. Basis of preparation {FRS102) The financial statements have been prepared in accordance with Accounting and Reporting by charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). Al Misbaah Academy (AMA) meets the definition of a public benefti entity under FRS 102. Assets and liabilities are initially recognised at historical Cost or transaction value unless otherwise stated in the relevant accounting policy note(s). b) Income Income is recognised when the charity has entitlement to the funds. any perfomiance conditions attached to the item{s} of income have been met, it is probable that the income will be received, and the amount can be measured reliably. Income from government and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the charty has entitlement to the funds, any perfonnance conditions attached to the grants have been met. it is probable that the income will be received. and the amount can be measured reliably and is not deferred. Income received in advance of a project or provision of other specified service it is deferred until the criteria for income recognition are met. Donated services and facilities Donated professional services and donated facilities are recognised as income when the charity has control over the rtem, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the chanty of the item is probable and that economic benefit can be measured reliably. On receipt. donated professional services and donated facilit'es are recognised based on the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or fa¢iltlies of equtvalent economic benefit on the open market. A key donated facilty has been provmled by the Seven Kings Muslim Educational Trusts for spectfic use of acb'vtties of AMA. Page 18 of 26
emv d) Fund accounting Unrestricted fijnds are available to spend on activities that further any of the purposes of charity. DeSnated fijnds are unrestricted funds of the chanty which the Trustees have decided to set asKle to use for a specific purpose. Restricted funds are donations or grants which the fvnder has specIfd are to be solely used for areas of the charty's work or for specific projects being undertaken by the charity. e) Expenditure Expendrture is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required, and the amount of the obligation can be measured relkqbly. Expenditure is classffied under the following activty headings.. Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred. f) Allocation of support costs Support costs are those functions that assist the work of the Charty but do not directly undertake Charitab activities. Support costs include bath Offi costs, finance, personnel, payroll and governan costs which support the tharty's programmes and activitEs. Support costs have been allocated in proportion to expenditure inCUrd in undertaking an actNity. g) Debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. h) Cash at bank and in hand Cash at bank and cash in hand includes cash or opening of a cash deposit account or similar account. Creditors and provisions Creditors and provisions are recogntsed where the chanty has a present obligation resulting from a past event that will probably result in the transfer of funds lo a third party and the amount due to settle the oblatIon can be measured or estimated reliably. Creditors and provisions are nomally recognised at their settlement amount after allowing for any trade discounts due. Page 19 of 26
i) Financial instruments Basic financial instruments are inilialty recognised at transaction value and subsequently measured at their setuement value. k) Going Concern The accounts are prepared on a going concem basis there are no material uncertainties about the charities abilrty to continue. Reporting Period The report has been prepared for 12 months ending on 31$t August 2020. Related party transactions and trustees, remuneration Imam Suhail Patel is a trustee of the charity as well the CEO. As such he is remunerated for his duties as Chief Executive Offir and not for his work as a trustee. His remuneration for the 12 months to 31st August 2020 came to a total of £28.120 {£25,728 2019). No other trustees have been remunerated for their senilS to the charty or any expenses which they may have incurred to carry out their duties. Income from donations and legacies 2020 2019 Doriations 10.457 8,537 The charity benefits greatly from the involvement and enthusiastic support of its many volunteers, details of which are given in our annual report. In accordance with FRS 102 and the Charities SORP {FRS 102), the economic contribution of general volunteers is not recognised in the accounts. {Donations is inclusive of donated services by SK Accountants, the charity also benefits from a donated venue provided by the Seven Kings Muslim Trust free of charge. the value of this service has not been included as it cannot be reliably valued at fair market value). Page 20 of 26
isbaa Ac emy Income from charitable actlvities 2020 2019 Income from charitable actNits'es 374,488 273,776 The charity runs a madrassa class with the objective of advancing Islamic education, with aim to Produ educated, active members of society able to propagate authentic knowledge derived from traditional sources and apply them in a contemporary context by providing educational courses for youths and adults alike. Analysis of expenditure on charitable activities Staff costs Other costs Support costs Total 2020 Total 2019 320,313 6,120 29.951 356,384 271,563 320.313 6,120 29,951 356,384 271,563 Analysis of staff costs, Charlty remuneration and expenses, and key management personnel. 2020 2019 Salaries and wages 320.313 241,514 Excluding Suhail Patel. the chanty trustees Yre not paid or recep4ed any other beneffts from employment with the charity, neither were they reimbursed expenses during the year. No charity irustees receNed payment for professional or other ServIS supplied to the charity. The key management personnel of the charity, comprise the trustees and the Chief Executive Officer of Al Misbaah Academy (AMA). Page 21 of 26
ca emv Staff Numbers The average Month full-time equivalent was staff and the average monthly number of full-time equivalent employees (including casual and part-time staffj during the year were as follows.. 2020 Number 2019 Number Administrative. Teaching & Support staff (FTE) 19 19 13 Staff Members Remunerated over £60.000. No employees had employee benefiis of more than £60,CXJO. Pension cx)sts are allocated to activities in proportion to the related staffing costs in¢urred. Analysis of other costs Other costs relate to the direct cost of materials such as book and general running expense of the madrassa classes, Totalling £6, 120. Page 22 of 26
is ca emv Analysis of support costs and governance costs 2020 Sup ort 2020 Governance Administralive Costs Advertising and Marketing Costs Consultancy Governance Costs - Independent Examination Insurance Other Office Costs Printing and Stationery Propety Repaits and Maintenance Expenses Refreshments Rent IT Software and Consumables Subscriptions Telecommunications 7,323 3,492 588 2.500 253 8,700 973 977 1,852 2,496 765 27,451 2,500 2019 Support 2019 Governance Administrative Costs Advertising and Marketing Costs Governan Costs - Independent Examination Other Office Costs Property Repairs and Maintenance Expenses Rent IT Software and Consumables Telecommunications Trave5 2.595 1,347 2,500 1.221 4,316 549 10,212 2,500 The Independent examination is the value of the donated sepdices provided by SK Accountants. Page 23 of 26
Mis Aca emv Corporatlon Taxation The charty is exempt from tax on income and gains falling wrthin section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. 10. Debtors 2020 2019 Trade Debtors Other Debtors 1.267 765 6.133 2,032 6.133 11. Croditors: amounts falling due within one year 2020 2019 Trade Creditors 28,348 23,571 28,348 23,571 12. Analysis of charitable funds 2020 Closing balance Opening Balance Income Internal Transfers Expenditure Unrestricted income funds'.- General Reserves 20,981 384,945 (356,384) 49,543 20.981 384,945 356,384 49,543 2019 Closing balan Opening Balance Inlemal Transfers Expendtture Income UnStricted income funds'.- General Reserves 10,232 282,313 (271.563) 20,981 10.232 282,313 271,563 20,981 Unrestricted income fiJnds are avaiLgble to be used at will of the trustees, the most probable use of the funds will be to cover overheads, project costs and used as general reserves. Page 24 of 26
Mis aa ca emv 13. Detailed Statement of Financtal Activities for the Year Ended 315t August 2020 2020 2019 Income Donations Charitable Activities 10,457 374,488 8,537 273,776 Yotal Incoming Resources 282,313 Expenditure Salaries and Wages Staff Training Material Administrative Costs Advertising and Marketing Costs Consultsncy Govemance Costs - Independent Examination other Office Costs Printing and Stationery Property Repairs and Maintenance Expenses Refreshments IT SOfare and Consumables Subscriptions Telecommunications 320.313 241,514 2.430 14,908 2,595 1,347 6.120 7,323 3.492 588 2,500 8,953 973 977 1,852 2,496 765 2,500 1,221 4.316 549 184 Totsl Resources Expended 271,563 Net Income 28,561 10.749 'This page does not form part of the statutory financial statements Page 25 of26
Is aa cademv End of Report Page 26 of 26