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|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|
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|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|
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||||||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|
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|UGUST 2|023||
|---|---|---|
||2023|2022|
|Note|||
||1/87/75|1,153,998|
||(1470~)|(1,553,359)|
||(183,675)|(399,361)|
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||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||
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|Unrestricted|Total|Funds|Total|Funds|
|---|---|---|---|---|
|Funds
f||2023||2022|
|933||933||10,190|
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||||||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|
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|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|
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||||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|
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|||2023|2022|
|---|---|---|---|
|||f||
|Staffpension contributions||21,907|20,369|
|Depreciation||171,119|166,200|
|Auditors'
remuneration:||||
|audit ofthe financial|statements|3,915|3,630|
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|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|
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||||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|
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|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|
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