| CONTENTS | PAGE | ||
|---|---|---|---|
| Trustees' annual report |
|||
| Independent auditor's |
report to the trustees | ||
| Statement offinancial |
activities | ||
| Income and expenditure | account | 12 | |
| Balance sheet | 13 | ||
| Notes to the accounts | 14 |
| Registered | charity | name | AL-RISALAH EDUCATION TRUST |
|---|---|---|---|
| Charity registration | number | 1174497 | |
| Principal | of5ce | 13EBroadwater Road | |
| London | |||
| SW17 ODS |
| Mr Muhammad Naeem Siddiqi (Chairman) |
||
|---|---|---|
| Mr Haroon Karim | ||
| Mrs Iffat Fariduddin | ||
| Mr Mohammed Amejee |
||
| Mr Amir Niazi | ||
| Mr Yunus Bobat | ||
| Mr Arshad Daud | ||
| Auditor | M.Zaidi &Co | |
| Chartered Accountants |
||
| &Statutory Auditors | ||
| 241 Mitcham Road | ||
| Tooting | ||
| London | ||
| SW179JQ | ||
| Solicitors | ||
| Lee Bolton Monier Williams | ||
| 1 The Sanctuary | ||
| Westminster | ||
| London | ||
| SW1P33T | ||
| Director | ofTrust | Mr Maksud Gangat |
| Total Funds | Total Funds | |||||
|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||
| Note | ||||||
| INCOMING RESOURCES | ||||||
| Incoming resources | from | generating | funds: | |||
| Voluntary income |
2 | 933 | 10,190 | |||
| Incoming resources | from | charitable | activities | 3 | 1/86/42 | 1,143,808 |
| TOTAL INCOMING RESOURCES | I/87/75 | 1,153,998 | ||||
| RESOURCES EXPENDED | ||||||
| Charitable activities |
4 | (1@59428) | (1,352,812) | |||
| Depreciation | 8 | (171,119) | (166,200) | |||
| Governance costs |
5 | (40,603) | (34,347) | |||
| TOTAL RESOURCES | EXPENDED | (I/70WO) | (1,553,359) | |||
| NKT OUTGOING | RESOURCES | FOR THK YEAR | (183,675) | (399,361) | ||
| OTHER INCOME | ||||||
| Total funds brought | forward | 10,811,708 | 11,211,069 | |||
| Prior Year Adjustment-re | rent | 14,000 | ||||
| TOTAL FUNDS CARRIED FORWARD | 10,614,033 | 10,811,708 |
| UGUST 2 | 023 | |
|---|---|---|
| 2023 | 2022 | |
| Note | ||
| 1/87/75 | 1,153,998 | |
| (1470~) | (1,553,359) | |
| (183,675) | (399,361) |
| 31 AUGUST 20 | 23 | ||||
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| Note | |||||
| FIXEDASSETS | |||||
| Tangible assets | 9,776,612 | 9,915,718 | |||
| CURRENT ASSETS | |||||
| Debtors | 9 | 290+84 | 421,223 | ||
| Cash at bank and in hand | 684,142 | 614,070 | |||
| 974/26 | 1,035,293 | ||||
| CREDITORS: Amounts | falling due within one | ||||
| year | 10 | (137,105) | (139,303) | ||
| NKT CURRENT ASSETS | 837,421 | 895,990 | |||
| TOTAL ASSETSLESS | CURRENT LIABILITIES | 10,614,033 | 10,811,708 | ||
| NKT ASSETS | 10,614,033 | 10,811,708 | |||
| FUNDS | |||||
| Unrestricted income funds |
10,614,033 | 10,811,708 | |||
| TOTAL FUNDS | 10,614,033 | 10,811,708 |
| Unrestricted | Total | Funds | Total | Funds |
|---|---|---|---|---|
| Funds f |
2023 | 2022 | ||
| 933 | 933 | 10,190 |
| Unrestricted | Total Funds | Total Funds | |||||
|---|---|---|---|---|---|---|---|
| Funds | 2023 | 2022 | |||||
| f | |||||||
| School fees | 800,953 | 800853 | 712,513 | ||||
| Teaching | support to VA Schools | 164,164 | 164,164 | 148,126 | |||
| Other services | to VA | Schools | 52475 | 52475 | 52,275 | ||
| Recreational | activities | and family funday | 6477 | 6477 | 4,810 | ||
| Nursery | grant | receivable | 359,859 | 359,859 | 223,744 | ||
| Teachers | parking receipts | 2,574 | 2+74 | 2,340 | |||
| Rent —Nursery | Hall | 140 | 140 | ||||
| 1486442 | 1486442 | 1,143,808 |
| RESOURCES EXPE | L | )KD | ||
|---|---|---|---|---|
| Wages and salaries | 885,472 | 851,402 | ||
| Employer's NIC |
64/78 | 64,387 | ||
| Direct charitable activity |
I - pension costs | 21,907 | 20,369 | |
| Repairs and maintenance | 24,422 | 35,901 | ||
| Freelance teachers | 58491 | 31,377 | ||
| Rates | 2/41 | 521 | ||
| Educational and learning |
material | 43,031 | 26,608 | |
| Telephone, Computer |
cost &IT | 15/71 | 34,303 | |
| Insurance | 14,418 | 20,269 | ||
| Hire ofequipment | 11,744 | 14,540 | ||
| Printing and postage |
12,183 | 3,362 | ||
| Students' recreational |
activities | 18,876 | 18,059 | |
| Travelling costs |
7,448 | 9,382 | ||
| StaffEntertaining | 756 | 1,045 | ||
| Exam charges | 12469 | 19,011 | ||
| Light and Heat &premises cost | 34,183 | 23,973 | ||
| Sundry expenses | 153 | 237 | ||
| Contributions made to |
The Balham Mosque | 110,000 | 155,835 | |
| Health & Safety | 1/72 | 2,612 | ||
| Admin Supplies |
20,613 | 19,619 | ||
| I/59/28 | 1,352,812 |
| Unrestricted | Total Funds | Total Funds | |||
|---|---|---|---|---|---|
| Funds | 2023 | 2022 | |||
| Stafftraining | 741 | 741 | 5,278 | ||
| Legal and Professional | fees | 14,440 | 14,440 | 11,144 | |
| Audit fees | 3/15 | 3rt15 | 3,630 | ||
| Subscriptions | 16,442 | 16,442 | 9,611 | ||
| Accountancy | fees | 2580 | 2,580 | 2,398 | |
| Bank Charges | 2,485 | 2,485 | 2,286 | ||
| 40,603 | 40,603 | 34,347 |
| 2023 | 2022 | ||
|---|---|---|---|
| f | |||
| Staffpension contributions | 21,907 | 20,369 | |
| Depreciation | 171,119 | 166,200 | |
| Auditors' remuneration: |
|||
| audit ofthe financial | statements | 3,915 | 3,630 |
| Total | staff costs were as follows: | ||
|---|---|---|---|
| 2023 | 2022 | ||
| Wages | and salaries | 885,472 | 851,402 |
| Social | security costs | 64478 | 64,387 |
| Other | pension costs | 21/07 | 20,369 |
| 971,657 | 936,158 |
| Freehold | Leasehold | |||||
|---|---|---|---|---|---|---|
| property f |
Equipment f |
Property | Total | |||
| COST | ||||||
| At 1 September 2022 | 11,718,032 | 143,980 | 653,118 | 12,515,130 | ||
| Additions: | ||||||
| FFk Equipment additions |
at cost | 32,011 | 32,011 | |||
| At 31August 2023 | 11,718,032 | 175,991 | 653,118 | 12~7,141 | ||
| DEPRECIATION | ||||||
| At 1 September 2022 | 2,465)124 | 122+71 | 10/17 | 2/99,412 | ||
| Charge for the year | 160,844 | 9,618 | 657 | 171)119 | ||
| At 31August 2023 | 2,626,768 | 132,189 | 11474 | 2,770,531 | ||
| NET BOOK VALUE | ||||||
| At 31August 2023 | 9,091464 | 43,802 | 641+44 | 9,776,612 | ||
| At 31August 2022 | 9,252,108 | 21,409 | 642,201 | 9,915,718 | ||
| 9. | DEBTORS | |||||
| 2023 | 2022 | |||||
| f | ||||||
| Accrued Rent | 14,000 | |||||
| Other Debtors - Ableband | Ltd | 284,165 | 394,165 | |||
| Prepayments | 6419 | 8,282 | ||||
| Al- Risalah Education Trust | (Old) | 4 776 | ||||
| 290 84 | 421 223 | |||||
| 10. CREDITORS: Amounts | falling due within one year | |||||
| 2023 | 2022 | |||||
| Fee received in advance | 102450 | 104,060 | ||||
| Taxation and social security | 28,062 | 29,215 | ||||
| Accruals and deferred income | 6,493 | 6,028 | ||||
| 137,105 | 139,303 |
| UNRES | TRICTE | D I | NCOME FUNDS | |||
|---|---|---|---|---|---|---|
| Balance at | Incoming | Prior Period | Balance at | |||
| 1 | September 2022 | resources | Adjustment | 31August 2023 | ||
| General | Funds | 10 11708 | 18367 | 14000 | 10614033 |