2021-12-31-accounts

Al Misbaah Academy (AMA} Report and Accounts Period ended 31st December 2021 Charity number: 1172726

Content5 Reference and AdministratNe details........................................................................................-............ Tnjstees, Report................................................................................................... Independent Examinerfs Repjrt........................................................................................................... 12 Statement of Financial ActNities....... .13 Balance Sheet........................................................................................................................................ 14 Statement of Cash Flows ...................................................................................................................... 15 Notes to the Accounts .......................................................................................................................... 16 Page 2 0120

Reference and Administrative details Charity name Al Misbaah Academy IAMAI Reglstered charity number 1172726 Registered offi¢e address 142 Milton Avenue, London, E6 IBL Principal office address 645- 647 High Road, Seven Kin85, Ilford, IG3 8RG Chairperson Mohammed Ibn Sadiq Kothia Trustees Mohammed Ibn Sadiq Kothia Dr. Haseeb Valli Imam Suhail Patel Bankers Santander UK PLC 2 Triton Square Regent's Pla London NWI 3AN Independent Examiner SK Accountants Old Poplar Library 45 Gillender Stfeet Poplar E14 6RN Page 3 of20

Trustees, Report The trustees have pleasure in presenting their report and the financial statement5 for the charity for the period ended 31 December 2021. The trustees have adopted the provisK)ns of 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 I￿lafid IFRS 1021 (effective ljanuary 20151. The trustees have considered the Charity Commission's guidan￿ on public ￿nerrt, including the guidance 'public benefit= runnin8 a charity IPB21'. The Trustees present therr report and the financial statemènts for the period ended 31, December 2021. The Trustees who serwed during the period and up to the date of this report are set out on page StnKiure, Governance and Management Go¥erniry Document Al Misbaah Academy IAMAI is constriuted as a charrf(able trust registered with the Charity Commission in April 2017 under tharity number 1172726. It is governed by a Charrtable Incorporated Organisation last updated in June 2017. Organisational structure The charity trustees are responsible for the general control and management of the charity. The trustees meet tO8ether as a body bi-monthly (sometimes more frequent- dependent upon the needl and are ￿sponsible for the overall governance of Al Misbaah Academy IAMAI and to oversee the mana8ement and day-to-day running of the charity. The day-to-day management of Al Misbaah Academy IAMAI and administration of the projects are controlled by the Chief Executive. Imam Suhail Patel. Recruitment and appointment of tn The existing trustees are ￿sponsible for the recruitment of new trustees. In selecting new Irustees. we seek to identify people who are committed individuals. whose views are aligned to the charivs 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 intetview and are given more details about the charitys aims and activities, and, rf all agree. they are then proposed as new trustees at the subsequent trustees, meetin8. This process allows due consideration of the person's eligibility, personal competente, specialist knowledge and skills. Page 4 of 20

Indurtign and trainins of new trustees Followin8 appointment, new trustees are introduced to their new robe and given copies of the governing document, 3 copy of the most recent. Yhe Essential Trustee, guidance trKM)klet, and a guide to the policies and procedures adopted by our charrtv. A number of publications from the Charity Commission are also provided including the guidante on charities and public benefit and on the advancement of religion for the public benefit. Thi5 ensures that new trustees are aware of the scope of their responsibilities under the Charities Act. Initially. new trustees work with an existing trustee assisting on activities and projects run by the charity. After satisfactory feedback from existing trustee5, they are given the task of leading a particular activity or project. reporting progress at trustees, meetings. Rlsk management The twstees have assessed the risks the charity faces and have drawn up a risk matrix which identifies the major risks by area of activity, the nature of those risks, the likelihood of the risks happening, and the measures taken 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 identified. In particular, The finances of Al Misbaah Academy IAMAI are kept under review and financial controls gularly reviewed and improved as needed. Appropriate Criminal Records Bureau ICRB/DBSI 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 stakeholders 15 of upmost importance and is kept continuously under review. The Charity regularly review po14cies to reduced reputational risk of the organisation and review all complaints immediatety. The board also take the ￿lSIatIVe requirements of the charrty seriously and re8ularly review that the charity is compliant. Pa8e 5 of 20

Our Aims The objectives of the charity are set out in the ChariV5 g(Iverning document and are summarised as follows: l. To advance education for the benefrt of the poor. underprivileged and the public. by means of. but not exclusively, the provision orthe assistance in the provision of educational activlties and facilr(ies for those in the UK. 2. To advan￿ the religion of Islam, by the means of, but not exclusivety, promoting the correct understandinB of the bel￿f$ and practices and provision or a55iStance in the provision of facilities for worship and Islamic education for the beneftt of the community in the UK, in accordance with the teachings of the Qu¢an and Sunnah of the Prophet Muhammad IPBUHI as interpreted by the Ahlus-Sunnah-Wal-Jama'ah school of thought. 3. To relieve linancial hardship. dist￿$5 and suffering among poor people, victims of natural and man-made disasters and other people in need. by means of, but not exclusivety, fundraising donations for providing or paying for food, items, equipment, clothin& accommodation and Such 5eTvice5 and facilities for the benefrt of the said persons. 4. To provide or aSs￿t 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 infimity or disability, fit)ancial hardship, or social circumstances with the object of improving their condttions of lrfe. Our objertlves Our objectives are set to reflect ourlatth and community aims. Each year our trust@@s will r@vi@w our objectives and artivf(ies to ensure they continue to reflect our aims. In carrying out thi5 review the trustees have considered the Charity Commission's general guidance on public benefit and its supplementary public guidance on the advancement of religKJn for the public benefit. Public Benefft TheTrustees have complied with the duty in section 17151 of the 2011 Charities Act to have due regard to guidance published by the Charity Commission regarding public benefrt. Page 6 of 20

tivities and achievements The charity carries out a wide range of artivit￿5 in pursuance of its charitable aims. The trustees consider that these activities, summarised below, provide IRnefrt tx>th to our Students who study at Al Misbaah Academy IAMAI. the wHler community of Redbridge. London, and those who connect with us throughout the world= Supplementary khools Al Misbaah Academy IAMAI operates Supplementary School classes on both the weekdays and weekends, caterin8 for approximatety 700 students, ranging between the ages of 5 - 16. Within our curriculum. not only do we aim to depart the core fundamentals of our faith and preserve the legacv of our sa¢￿d tradttion. such as the recitstion and memorisation of the Qurfan and Islamic Studies, we also aim to nurture our students holistically and develop well-grounded citizens of the commLbnity who are empowered to seff-discovery, wholeness, an(J social consciousness. After the success last year. this year, we continued to integrate a series of enrichment days and CaMpa￿n weeks into our curriculum. to allow our students to continue carrying out experiential learning aimed at teaching them qualities such as compassion, perseverance, resilience, and leadership. Qurfan Mem¢ylsation aass The memorisation of the Qurfan is Conside￿(￿ an important element of reli8ious education and training. We are pleased with this programme which continues to run successfully. With the ever- growing demand, we will now be introducing a second Qurfan memorisation class in January 2022. This year. we were ablè to celebrate the wonderful achievement of a further one of our students. Imad Shorif Mahmud, completing the memorisation of the Qurfan. 'Alimiyyah Ilslamlc Scholarship) Pro8Tarnme The'Aiimiyyah Programme is an undergraduate level programme in Shan~ah Ilslamic Lawl and Islamic Theology. The programme is an in-depth study of subjects such as Taf5ir. Hadith. Fiqh and the principles of Tafsir, Hadfth and Fiqh. It also includes an advanced study of classical Arabic. The aim of the'AlimiyYah curritulum is to produce scholars and leaders who a￿ competent in the Islamicsclen￿S such as Tafsir and Hathith possessing the professional skills necessary to serve, guide and lead the Muslim community with excellence. In additFon to imparting knowledge and skills, the curriculum, and the environment within which it is taught is designed to produce scholars whose scholarship is marked by tradition, intelligence, piety, responsibility. and generosity of spirit. Our goal is to ensu￿ that we are not simpty producing academics and professionab seeking a career but are producing the selfless spirit that has always been so characteristic of Islamic scholarship. Thi5 year at Al Misbaah Academy, we took orb our thlrd Intake of SiLbdents. Pa8e 7 of20

Part-Time Courses We operate numerous courses for both male and female adu￿$ and teenagers in our communlry, tailored to their requirewnents and needs. This year at Al Misbaah Acadèmy, we held the following courses.. Access to Tajwid This course, aiming to educate adults on the proper recitation of the holy Qurfan, giving them the confidence to recite independently. as well as impart the knowledge of this vital Qurfanic Science, was initiated last year following numerous requests from the community. Thi5 course caters for over 25 students, l)oth locally and from throughout the country following the transition online. Further Edu¢ati4)n This year. we t¢)ok on the fifth intake of our high￿ popular teenagers, coutse studying ￿1rah, HaLfith, Fiqh and Contemporary Issues. By promoting active learning and open dI￿u5510n, this course aims to provide our youth with the t¢)ols to navi8ate the modern world in a sound, balanced and holistic way, as encouraged by our faith. Our core aims are twefve- Developing a life-long zeal for learning, instilling the love of Islamic environments, building leadership qualities, fostering prophetic characteristics, providin8 a positive learning experience. facilitating critical thinking. opening doors to healthy friendships, inspiring love of Allah, the Qurfan and the Sunnah, strengthening Iman Ifaithl and God- consciousness, transforming sew-confidence, unlocking creativity and imaginat￿n and empowering application of sound and reliable knowled8e. Leys Speak Arabl¢ Following a very successful summer intensNe Arabic programme. last year we had designed a spoken Arabic course for adults, deliVe￿d by Mahmoud Sa'saa. a native Egyptian Arabic language teacher wlth over 30-years of experience in teaching the Arabic language. Three modules were held with tsvo cohorts throughout the year. Students were extremety satisfied with their progress and had developed a keen interest in continuin8 wr(h their studie5 to perfect their Arabic as they advancèd throu8h the course. This yearwe continued with Whe￿ we had left off in the previous year and once again taught three module5 to two cohorts of students. We also published ourfirst set of books which were created by Mahmoud Sa'saa. P%e8of20

Fr*Course5 Projert DurTrn8 the Co¥id ero. we We￿ suddenl¥ put into a situation where if we wanted to continue offerin our seryices and benefittin8 the wider communty, we would need to make a transition by offering our seryices online. We were also very aware of the negative impact the Covid era had had on people's livelihoods and the general economy. This gave birth to one of our most Successful projects yet- the 'Free-Courses' project. We held a fundraising campaign title(I 'Light a Legacy, encouraging our supporters and well-wishers to SUPFX)rt the projed by subscribing to a Month￿ direct-debit plan. The campaign wa5 largely successful and provided us with a plattorm and the confidence to embark on this projert. During the year 2021. We were prNile8ed to use this plarfonn to host internationallv renowned experts to deliver discourses and webinars on an array of pertinent topits, which intlude Bereavement, Welcoming Ramadan. Ramadan Revival. Tafsir Surah Yusuf. Touring Al-Aqsa, The Dhul- Hiiiah Series and Keys To Propheiic Parenting. We attratted a worldwide audience who religiouslv tuned in io benefrt from these webina￿. Community Outreach Work We regularly organise events and activities for the community to provide opportunitie5 for cohesion, tackling issues of importance and strengthening ties within the thl community. Fundraising Over the month of Ramadan, we raised over an impressive £120.CKKI to build a school In Palestine alon85ide sponsorin8 170 orphaned children. The d￿3M was to empower these orphaned children through education. 8ivin8 them a better Chance in life. The project was delivered through U.K registered tharity. Abdullah Aid. with whom we have committed to continue supporting this project for a minimum of three years. Page 9 of 20

Flnanclal revlew Principal Sources of funding The charitvs main source of income are madrasah fees, in the current period the incoming resources for the period amounted to £446,576. The continued generous donations provided bythe users and sUPPOrters of the charity received in the current period arnounted to £61,016. Al Misbaah Academy is therefore extremety grateful for all the support and is expects the same support in the future. Reserves policy The trustees have ￿VIeWed the ￿serveS of the charity. The arm is to hold enough cash unrestrKted fund5 Wlthin the reserves to cover six months of operational expenses. Currently the charity holds enough reserves to cover three months of operat￿nal expenses. The current free reserves of the charity a￿ £102,732. Plans for the future: current￿ the general unrestricted funds are below the target of 6 months. the harity aims to increase the level of cash reserves funds to meet this target. Investment poll¢v The Charty has no long-term investments. Our cash deposits retained a￿ with major UK retail bank5. Pa8e 10 of 20

Statement of Trustees, Responsibilities The Trusiees are responsible for preparing the Tru5tee5' Annual Report and the financial slalements n accordance with applicable law and Unrted Kingdom Accounting Standards (Unrted Kln8dom Generally Accepted Accounting Practicel. 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 ¥￿W of Charity and of the incoming resources and applicatiorb of resources of the Charity for that year. In preparing these financial statements the Trustees are required to: select suitable accountin8 policies and then apply them consistently: observe the methods and principles in the Charities SORP,. make judgments and estimates that are reasonable and prudent; state whether applicable UK Accounting Standards have been followed, subject to any material departures discbsed and explained in the financial statements; and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the chartty will continue in operation. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements compty with the Charrties Act 1993 and the Chartty (Accounts and Reportsl Regulations 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable Step5 for the preventKJn and detection of fraud and other. Approved by our 8oard of Tnjstees on.-...... ...... S￿ned on its behalf. Trustee And Trustee Name........ Page 11 of 20

Independent Examinerfs Report To the trustees of Al Misbaah Academy I report on the accounts of the above chartty for the period ended 31 December 2021, which are set out on pages 14 to 21. Respective responsibilitie5 of trustees and examiner The chariws trustees are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 20111.the Arfl. The ChariWs trustees consider that an audbt is not required for this period under section 144 of the Act and that an independent examination is needed. It is my responsibility to: examine the accounts under section 145 of the Charities Act, to follow applicable Directions given ty the Charty Commission (under section 14515llbl of the Act, and To state whether particular matters have come to my attention. Basls of independent examinerfs Statement My examination was carried out in accordance wf(h general 01￿ctiOnS 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 anv unusual items or disclosu￿S in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide 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 examlner's sLitement In connection with my examination. no material matters have come to my attention which gives me cause to believe that in. any material respect= accountin8 records were not kept in accordante WFth 5ertion 130 of the Charrties Act or the accounts do not accord with the accounting records I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the account5 to be reached. Date: 20 Ortober 2022 SK Accountants Address: Old POp￿T Library, 45 Gillender St. Poplar. E14 6RN Page 12 of20

ststement of Financial Activities Period Ended 31 December 2021 Unrestricted Restrirted funds funds 2021 Total funds 2020 Total funds Notes Incoming resour Donations and legacies Charitable activities 61,016 510.571 61,016 510,571 10,457 374,488 Totsl Incoming resources 571,$87 571.587 384,945 Resources expended Charitable actNities Governance Costs 1518.3981 1518,3981 1353,8841 12,5001 Total Resources expended 1518.3981 1518.398) 1356.3841 Net Incomel{expendlture) 53.189 53.189 28,561 Net movement in funds 53,189 53.189 28,561 Reconciliation oAAunds.' Total funds brought fO￿ard 49,543 49,543 20,981 Total funds carried forward 102.732 102.732 49,543 Pa8e 13 of 20

Balance Sheet AS at 31 December 2021 Unre5trirted Restrlcted funds funds 2021 Totsl funds 2020 Total funds Current a￿ts Debtors 2.683 124,206 2,683 124,206 2.032 75,859 Cash at bank and in hand Total current assets 126.889 126,889 77.891 Creditors: amounts falling due within one year 124,1561 24.1561 128,3481 Net current as5ets/(liabilitie5J 102.733 102.733 49,543 Total assets less current liabilities 102,733 102,733 49,543 Credltors: amounts falling due after one year rotal net assets or liabilities 102,733 102,733 49,543 Funds of the Charlty Restricted income fvnds Vnrestricted funds io 102,733 102.733 49.543 Totolfvnds 102.733 102,733 49.543 The financial statements were approved and authorised for issue by the Board and si8ned on tts behalf bv: Date.. Mohammed Ibn Sadio Kothia Chairperson, Board of Trustees Pa8e 14 of 20

Statement of Cash Flows 2021 2020 Gish flows from operatin£ acti¥itses: Net movement in funds Ilncreasel/Decrease of debtors IncreasellDecreasel of creditor5 53,189 16511 14.1921 28.561 10,180 4,777 Net cash flow of operatlng actlvlties 43.518 Change in cash and cash equivalents in the year 48,346 43,518 Cash and Cash equivalents brought forward 75.859 32,340 Total cash and cash equivalents at the end of the year 124.206 75,859 Page 15 of 20

Notes to the Accounts l. Accountln8 Pollcles The principal accounting ￿ll(leS adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows= Basis of preparation {FRS102) The financial 5tatefflents have been prepared in accordance with Accounting and Reporting by charities.. Statement of Recommended Practice applicable to charitbes preparing their account5 in accordance with the Financial Reporting Standard applicable in the UK and Republic of I￿land IFRS 1021 (effective l January 20151- (Charities SORP IFRS 10211, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFIiS 1021 and the Charities Att 2011. Al Misbaah Academy meetsthe definttion of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notelsl. Income Income is recognised when the charity has entitlement to the funds, any performance condi(ions attached to the itemlsl of income have been met, tt is probable that the income will be received, and the amount can be measured reliably. Income, whether 'tapital' grant5 or 'revenue' grants. is recognised when the charty has entrtlement to the funds, any performance conditions attached to the grants have been meL it is probable that the income will te received. and the amount can te measured reliably and is not deferred. Income received in advance of a project or prcNi5ion of other Specif￿ service is deferred until the criteria for income recognition are met. Donated Services and facilities Donated professional seryKes and donated facilities are recognised as income when the charity has control over the item, any condrtions associated wrth the donated rf(em have been met, the receipt of economic benefit from the use by the charty of the item is probab￿ and that economic benefit can be measured reliably. On reteipt, donated professional services and donated facilities are recognised based on the value of the gift to the charity which isthe amount the charrty would have been willing to payto obtain services orfacilr(ies of equwalent economic benefrt on the open ma￿et. Page 16 of 20

Fund accounting Unresidct&J ftjnds are avaiL4ble to S￿nd on atii¥itie5 that further any of the purrK)5e5 of chartty. Desgnated funds are unre&tricted funds of the charity whKh theTrustees have ￿mIed to Set aside to usefor a spÈcrf PUfFK)se. Restricted funds are donations which the (lonor has specrfd a￿ to be Ltsed for areas of the charitl5 work orfor 5pecifK projects being undertaken by ihe charity. Expenditure Expenditure is recognised once there is a legal or constructlve obllgation 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 reliably- Irrecoverable VAT is charged as a tost against the activity for whKh the expendr(ure was incLbrred. Allocation of support Costs Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. SuppM)rt costs include back office costs. finance, personnel. payroll and governance costs which support the chariWs artistic programmes and activities. Support costs have been allocated in proportion to expenditure incurred in undertaking an activity. Tangible f ixed assets Individual fixed a55ets c05tin8 £5LKI or more a￿ capitalised at cost and are depreciated over their estifTbated useful economic INes on a reducing baknce basis as follows: Asset Category Annual rate Fixtures, Frttirw and ElectrKal equipment 15% Debtors Trade and other debtors are recl¥n￿ed at the sett*ment amount due after any trade discount Offe￿￿. Prepayments are valued at the arnount prepaid net of any trade discounts due. Cash at bank and in hand Cash at bank and cash in hand includes cash and amounts in dep)5it accounts. Credltoys and provisions Creditors and provisiorLS ère reccenised where the charity has a present obligatTron res￿￿1ng from a past event that will probably result in the transfer of fvnds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are nom)ally retognised at their settlement amount after allowing for any trade d￿cOUnts due. Pa8e 17 of 20

Al Misbaah Academy (AMA) Period ended 31 December 2021 2. Analysls of Incoming Re50urces UDrestrirted fvnds Restrfcted funds 2021 Totsl fvnds 2020 Total funds Donations and legacies Charitable activities 61.016 510.571 61,016 510,571 571,587 10,457 374,488 384,945 Total 571,587 3. Analysls of Resources expended Other costs Support costs 2021 Total 2020 Total costs Charitable actfvltlos Activitie5 undertaken diredy.. 411.856 5.047 101,494 518.398 356,384 Totsl 411,856 5,047 101,494 518.398 356,384 4. Analy515 of staff costs, Charlty remuneratlon and expenses, and key management personnel. 2021 2020 Salaries and Staff Wages 411.856 320,313 Total 411,856 320,313 No employees had employee benefits more than £60.C(KI Page 18 of 20

1. Staff Numbers The average monthly head count was 25 staff and the average monthty number of full-time equivalent employee5 (including casual and part-time staffl during the perithj were as follows.. 2021 2020 Charf(able Activit￿5 19 19 19 19
2. Related Party Transartions Neither the Trustees nor any persons connected with them received any remuneration, benefrts in kind from the Chartty during the period. Ourin8 ihe per￿d under ￿vIeW. no trustees re￿Ned reimbursement of tra¥ellin8 expenses.
3. Corporation Taxation The tharity is exempt from corporationtax on its income and gains to the extent that these are applied to its charitable objectives.
4. Cash at Bank and in Hand 2021 2020 Cash at Bank 122,046 2,160 75,286 573 Cash in Hand Total 124.206 75.859

5. Creditors: amounts falling due within one year 2021 2020 Net Wages Social Security Taxes 24.156 26.730 1.619 Totsl 24.156 28,349 Pa8e 19 of 20

6. Charlty Funds 2020 Balance BIF 2021 Balance Inrome Expenditure TTansfers CIF Fund names Rèstricted Unrestricted 49,543 571,587 1518.3981 102,732 Total Funds 49.543 571.587 1518,3981 102,732 2019 Balance BIF 2020 Balance CIF Income Expenditure Transfers Fund names Restricted Unrestricted 20,981 384,945 1356,3841 49,543 Total Fund5 20.981 384.945 1356.3841 49,543 Page 20 of 20