AL-RISALAH EDUCATION TRUST ANNUAL REPORT TO 31 AUGUST 2024 Charity Number 1174497 M.ZAIDI & CO Chartered Accountants & Statutory Auditors 241 Mitcham Road Tooting London SW17 gJQ AL-RISALAH EDUCATION TRUST ACCOUNTS YEAR ENDED 31 AUGUST 2024 CONTENTS PAGE Trustees, annual report Independent auditorfs report to the trustees Statement of financial activtties 10 13 Incorne and expenditure account Balan￿ sheet 14 15 Notes to the accounts 16 AL-RISAIAH EDUCATION TRUST TRUSTEES, ￿￿TrIJAL REPORT YEAR ENDED 31 AUGUST 2024 The Tn￿e5 present their rq)ort and the accounts of the charity for the year ended 31 August 2024. Registered ¢barity AL-RISALAH EDUCAIION TRUST Charity registration number PrincipAI office 1174497 13E Broadwater Road LA)ndoD SW17 ODS The Trustees Th¢ Trnstees who seryed the charity during the peri(yJ were a8 follows: ,Mr Mllknall￿ad Naeem Siddiqi (Chairnian) Mrs Iff￿ Fariduddin Mr Amir Niazi -.mr Yunus Bobat .-Mr Arsbad Daud Auditor M.Zaidi & Co & Statll￿ry Auditors 241 Mitcham Road Tooting Lolldon S￿,17 9JQ blicito Lee Bohon Monier ￿'illiamS l The Sanctharv ndon SWIP3 Director of Tn￿t Mr Maksud Gangat AbRISALAH EDUCATIOIN TRUST TRUSTEES, AhThTAL REPORT (cothedj YEAR ENDED 31 AUGUST 2024 STRUCTURE, GOVERNANCE AND W￿AGEMENT GOVERNING DOCLTrIENr The Charity is registered as CIO charity and is governed bj" its Constitution dated 4 September 2017. The charity registration number is 1174497. The Trustees rneet 8 minimum of thTee titnes a year, or mott when required to consider all matt¢rs pertaining to the t¢rforn)ance of the charity. The Trustees have no dirert involvement with the day-tO- day operation of any of its schools. Yunus Bobat is the cbair of Gatton SchooL Al-Risalah Boys. School and Al-Risalah Girls School. Mr Maksud Gangat is the Chair of Orchard Primary School. OKIECTIVES ACTIVITIES The advancement of ¢dU￿tIOn of children and young [￿ople through the establishmellt and maintenanct of pre-school, primary. secondary and tertiary ￿h0o1 (s) and colleg¢s education in any maDner which is now OT hereafter may be deemed bj" law to be charitable including full time Islau]ic education in accordauce with the Holy Qurall and Ahadith within the bounds of Ah1e-i-sUn￿ wal Jamat Muslim. - To womote such other charitsble PUTposes as may frthn time to time ￿ deterniin¢d and agreed by the trustees. MISSION STATEMENT Excellence in educatio[4 values and community engagem¢nL OLTr PHILOSOPHY -Establishing Islamic faith schools pn)moting the religious ethos and eelcbrating the commonalitics 2nd universal values between different fatths and none. -tnclusion of all children and fatllilies jTr¢sJ￿t1Ve of race, religion or cultural heritsge. -Commitrnent to delivering high educational standards and an outstanding cutticulum provision combined with a strong religious ethos alld SMSC provision. -OutsÉanding academic achievement by all leaTners. -Empbasis on the ¢harnctsr development aDd ethical intelligellce of all learners. -Citizensbip developKd througb practical engaging opFM)rnmities with all stakeholders. AL.RISALAH EDUCATION TRUST TRUSTEES, AlihlJAL REPORT (tow¢aJ YEAR ENDED 31 AUGUST 2024 PRINCIPLES AM> VALUES Our Visio￿ aims and ethos is SUPFK)rted by following our core principles and values. -Faith -Excellence -EquaIity -Honesty -Partner5hip -Responsibility -Respect The end of year ￿5￿lts was very g(K)d for puplls sitting for national tssts and weTe better than the national average. The quality of Al-Risalah Nursery and Ix)th sewndaThT scbcN)Is for boys and girls continuei to remain good I￿1th n￿lY outstanding elements. The school Cu￿1cul￿M is creative, broad and balanced. Pupils are oftered enrichmert opwrtimities and careers guidance. All stakeholders are pleased with the Nut3cry al￿ Secondary School. Staff are supported wryth professional dcvelopment opportunities. The latest Ofsted rew)rt (Feb 25) for girls" schools and nursery stated: "Pupils feel a real sense of belonging in this sch(x)l. Tbey appreciate the shared valll¢s and ethos among the small school community. Pupils get to know each other well. They forge trusting relationship with staff. The scbool tskes ¢att of its pupils and provides a nurturing environment. Pupils are polits and respKcthil. tK)th to their classjnates and to slaff. Teachers are quick to help pupi]s r¢solve any o¢casional friendship issues. Pupils condu¢t themselves well and follow the school rnlc5. This helps to create a hamonious atmosphere around the school. Pupils rise to meet the school's high e￿￿CtstlOnS and they achieve very well. Stafr have secure Subje￿ knowledge. They use this to ¢xplaiD and model concepts clearly to pupils. They check c2rcfulty that pupils have underst(M)d what has been taught and use these checks to inforni firtwe tea¢hin& School leaders and tso%ernor5 haiTe suitsble experience and expertise to ensure thai the school is led and managed successfully. Governors thare staffs pride in the school and carry out their slatutory duties well. The proprietor Ims effective systems in place to ¢nsure that tbe sch(M)l meets the Indepe￿Ient $ch(x)I standards (the standards) consistentty-. For the Early Year's Provision Ofsted stakd. "In the Nursery, staff work closely with families to help cbildren settle into new routines. They ¢nsure that chil(trcn get a strong start to their education. b] the Nursery, staff design activities w support ¢hildrni"'s development in all areas of learning. This prepares them well for Reception. The school meets all th¢ standards of the early years foundation stsge and th¢ requirements of s¢hedule 10 of the Equality. Act 2010-. Gatton School was ins• in July 2024.The overa]l judB¢ment w&$ -outstanding-. The report stated: "Pupils love coming to Gatton (VA) PTimarv School. Staff and pupils celebrate and Cmkndy the Muslim ¢thos which is central to tbe life of the school. Pupils are well mami¢r¢d and respectful towards each otheT. TheTr demonstrate impeccable khaviour lessons and around the school. Bullying is verv rdre. Pupils kno￿, how to rdise concerns should thev happen. This helps to ensure that pupi15 feel safe and are kept safe at school. PupiIs benefit from an extensive wider offer of a¢tivtties and opwrtunities. For example, all pupils have weekly swimmillg lessons ID the school's on-site pool. PupiIs develop their ral¢tLts through a range of clubs on offer such as crickeL c(K)king and enterprise. Pupils readity sh￿￿ tbeir w>¢ty, musi¢ AbRISALAH EDUCATION TRUST TRUSTEES, ANThllTAL REPORT (eg*Mi￿v¥ YEAR ENDED 31 AUGUST 2024 or comedy at the temily showcase, as well as perforniing their fina] pieces from music lessons. Pupils con1n￿u* lo their school and wider community through the school newspaper, &s members of the school council or a5 'senior pupils.. All staff have higb ¢xpectstions of pupils. hich they consistently strive to meet. Leaders are quick to celebrate pupils, achieve￿ents and th¢r¢ is a cultre Trher¢ mistakes are recognis¢d as a Datural part of learning. This means that pupils develop r¢silience. enjoy learning and work hard to achieve their goals. As a resull pupils a¢hieve highly acro&s the curriculum, including in national assessments" Orchard Sch(KTrl was inspected by Otsied in Febnwy 2025. The overnll judgement was "Outstanding". The rew)rt stated: 'Thpils are happv and proud members of this ￿e1COmIng school. Pupils liv¢ up to the expectations and virtues of the "Orcllard code.. This create5 8 school ¢nviroDment where pupils treat each othcT With respect and kindness. Pupils are resolute about equality. They make sure that everyone is included and treated fairly. They plav happily together at SOCi81 times. The school h&8 high expectstions and is aspirational for pupils. Pupils aChie￿e very highlv across the cU￿1CUlum. Thei. enjoy and value their learning opportunÈties immensely. Jn lesson& pupils are focused and diligent. They are. cwiou5 and ketn learn¢TS. In the classroom and around the ￿h0O], pupils, behaviour is exemplary. Thej are polit¢ and eourtwus. The well-considered provision for pupils" personal dei'elopment aims to give pupils the tools aDd skills that they need for th¢ir future. For example: pupils Icarn aEKTrut the fund9Jnent&l British values and hoiv to debate aud discuss differing Opini￿$. Pupils"" aspirations for what they can hiev¢ are promoted through visits to universities And exploring different career options. Pupils have & wealth of wider opwrtuniti¢s and ￿￿lenceS. such as ballet lessons, cricket and foothall tournaments. A range of ethicational visits and clubs also enrich th¢ taught curriculum-. Section 48 re￿rt stated: 'The school's commibnent to holistic education ensurtt that pupils leave with a deep understanding of their fait￿ reS￿r for others, and a strong foundation to navigate life &s engaged British Muslitn5. The excq)tional leadersbip. d¢dicated staff. and Strong parental partnerships fLwther enhallce the school's Succe￿ making it a model of exc¢ll¢nce in both a¢ademic and spiritual dev¢lopmen(. The ￿h￿l'S Islamic ethos is deeply rooted in the shared vision of the Al_Risalab family of schcM)l& striving for excellence academically. spiritually. morally, and socialty. The curriculum is desigtted to nurture well-rounded individuals who not only develop a strong understanding of their faith also becollle positive Tole models and contributing citizens in broader siKiety. Religious Education is central to The Orchard's id¢ntitY, and it is given great importance in the da) to day rnnning of the s¢hool. The school places grvdt emph&8i5 in ensuring that each child gains a sound knowledge of diffcrcnt strands of the fait￿ which is evident in the teamwork shosvn by the Headteacher, the Director of Education at the Al Risalah T￿￿ and the Elamic Studies team" ch￿ Volunlary Aided Schools (Gatton and 0￿h￿l) are overly subwibed and popular within th¢ community. Results of Ix)th sch(xils There outstanding. LA consulrant reports ¢onfirm both schools are perforniing ¢xceptioD21ty well with results of both schools well above the national average in most categories. The Tn￿t continue5 to provide valuable ser4ice to all Trust schools including IM)th Gatton VA Primary Schwl and Orchard VA primary school. This is done through school gov¢rnallc¢. Islamic studies provisioll. Imam Support and consultancy se￿1¢e5. These services are popular and add great value to Trust ￿hoOls. In June 2024, the Tn￿t in partnersbip with all trust schoo15 and the local community organised a street paty with all fimds donated to St Georges Hospital clwity. AL-RISALAH EDUCATION TRUST TRUSTEES, ANNUAL REPORT (Conffiwdj YEAR ENDED 31 AUGUST 2024 Continue providiDg ouL%tanding academic and community service provision. F.ngage with stakeholders irL establishing a VA secondary school for EK)y5 and girls. Enhance early yeaTS provision with providing day care seTViCCS from 2 yeaTr to 5 years. PUBLIC BENEFrrs The Trustees confinn that they will cornpty with the duty in section 4 of the Charities Act 2006 to have rcgard to the Charity Cotrllnissionerfs general guidance on public benefi4 'Charities and Public Benefiv and in particular to its supplerllentary publlc knefit guidanct on advancing education and on fee-¢hargiDg. The Trust seeks to advance the education of all children irrespective of rnce, religion, creed or cultural heritage and is committed to safeguarding and promoting the wekn of students and expects all staff and voluntecrs to share this commilmenL It is important to us that a¢ces5 to the education we offer is not restricted to those who can afford our fees. AL-RISALAH EDUCATION TRUST TRusfEES' AhThTAL REPORT (e*tse YEAR ENDED 31 AUGUST 2024 RECRITrrMkNT AND INDUCTIOII OF TRUSTEES The recrnitment and induction of new TTUStees lies with the TnLSt. TTUStees are responsible for seeking suitsble applicants with a range of skills. experiences and commitments who will be an asset to the hatity in its establishment and growth. New appliwts ate recruited through advertisement oo the Trust website, folloTred by circulation of their CV to all TTUStees and a full discussion being held at an appropriate Board meeting for bis Iher recruÉtment. In makinq the appointmenL the Board looks at the skills, qua]ifications, rclevant experience. time ¢ommilmeDL suitsble ref¢rences and most importantly sharing the vision of th¢ Trust. The T￿t is CODMIItt￿ to equa]ily diversity within th¢ orgarlisqtion. The ¢UTrent Board consists of people from community. educatio￿ mosque. theological. fU￿]cial, marketing, building4 hwnan resources and Chatitable backgrounds, all of whom bring the necessary expertise to tbe work of th¢ ¢haTity. RISK MANAGEMEiYr The T￿￿eeS bav¢ examined thoroughly business and operational risks whicb the charity faces and onf]rms that systejns have been estsblished to eDable re￿llar reports io be produced so that necessary steps can be takell to avoid these risks. To protect against anv finallcial Misappropriatio￿ trustees and accounting staff regularly monitor and supervis¢ the financial atTaiT3 of the charity. We are of the opinton that these M￿sUre5 are appropriate to the CbariW5 size and the nature of its operatiolls. FtNANCL4L REVIEW A summarv of the yearfs results Can foulld in the fllwicial statements. The deficti for the ye4T before depreciation and amortization was £1 11.666. The regular income of the chartt! was mainly derived froTn indqKndent school's f¢¢s, from Ch￿tty services to the 2 VA Schools and Wandsworth Borough Coullcil 8rallt for Nursery &$ pet head count. RESERVES POUCY The Trustees considers holding Unrestricted reser¥es gjnounting ro approximately three months, average exp¢ndittLre. At thi5 l¢v¢l. the Tn￿e¢S feel they would be able to ￿ntInue the cuttejrt activities of the charity in th¢ event of a significant drop in funding. Some of the Trustees are also the Trustees of Th¢ Ball￿n Mosqu¢, theTefore the two cEtarities wotk very clos¢ly for the wclfare of the community. Th¢ fouDdarion of Al-Risalah Education Trust was laid undcr the auspices of "ITh¢ Balbam Mosque. The TnLSt Secondary School i8 based in Th¢ Ballwn Mosque building TootiEEg Islamic centre. AL-RISALAH EDUCATION TRUST TRUSTEES, ANNUAL REPORT (c04d￿ YEAR ENDED 31 AUGUST 2024 STATEMENT OF TRUSTEES, RESPONSIBltJriES The Trusfres are responsible for preparing thc T￿￿tee5, Annua] RetM)rt and the accounts in accordance with applicable law and regulations and Lniied Kingdom Ac¢ounting Standards (Unitsd Kingdom Generdlly Accept￿ A¢Wl￿ting Practice). Th¢ law applicable to charities in England and Wales requires the TnLftee5 to prepare accounts for each financia] year Ththich give a alld fair vicw of the state of affatrs of the charitv and of the incoming resources and applicatioll of resources of the cl￿rity for that peri(MJ. ID PTeparmg these accounts. the trustees are required to: select Suitable accounting policies and thcn apply thetn consistendy. obs¢rYe the rnethods and principles in the Charities SORP. make judgements and accounting estimates that are re&s(￿able PTudenL pr¢pare th¢ 8¢counts on the going concern basis unless it is inappropriat¢ to PTesume that the ¢haTity will eontinue in operdtiotk. STATE￿1￿[ OF TRUSTEES, RESPONSJBtLrriES (cm Th¢ Tn]stees are responsible for keeping proper accounting records tbat disclose with r¢asonable accuracy at any tim¢ the fmancial position of the charity and enable the￿ to ensure that the accounts comply with tb¢ Charities Aet 2011, the Charity (Accounts and Reports) Regulations 2008 and the provision5 of the Trust Deed. They are also responsible for safeguarding the assets of the ¢b￿lty and hence for tsking re&SOr￿le steps for the preTrention and defection of fraud aod other irregularities. AlJl)TfoR Lzaidi & Co have ixcn appointed as auditor for the current y¢ar. Signed on behalf of the lrnstees Mr MuhatrllDad Naeem Siddiqi Trustee Date: L3 . QC_. 20>5 Mr Arshad Daud .. 13-06 ioL5 AbRISALAH EDUCATIOh' TRUST INDEPENDENf AUDITOR'S REPORT TO THE TRUSTEES OF AL-RISALAH EDUCATION TRUST YEAR ENDED 31 AUGUST 2024 OPJMON We have audited the financial statements of AL-RISALAH FDUCATION TRUST (Charty No'.1174497) for the year ended 31 August 2024 wthich comprise the SL2tement of TriDaDcial Acttvities, Income and EX￿nd1￿]re AccounL the Balance Sheet and the related noles. The finartcial reput the ¢hariTh'5 abAlity to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the fitwicial statements are authorised for issue. io AL-RtSALAH FDUCATION TRUST INDF.PENDEKf AUDITOR'S REPORT TO THE TRUSTEES OF A￿RIsALAU EDUCATION TRUST (¢oJtiThuedl YEAR ENDED 31 AUGUST 2024 OTHER INFORMATION The other inforniation comprises the inforniation included ID the annual re]K)rL other tban the f￿ancial statements and our auditor"s repon thereon. The trnsiees are reswTrnsible for the other infortttation. Our opinion on the financial statements does not cover the other infoTrnation and we do not expr￿5 any forni of assurance conclusion thereon. In connection with our audit of the f￿anCIal statsm¢nts, our responsibiliti, is to read the other info￿￿tion all￿ in doing so, consider whether the other inforniation 15 materially inconsi5teDt with the fiDall¢ial statements or our kno￿..]edge obtained ill the audit or otherwise appea￿ to be materiaIly missthted. If we identify. such materiaI inconsist¢ttcies or apparent material missratements, Ive are required to determine whether ther¢ is a material misstatem¢llt iu the rinancial ststements or a material misstatement ofthe other iDforn)ation. If, based on the work we haiTe performed, we conclude that theTe is a materiaI misstatement of this other infornvation. we are ￿qUired to report that fact. We have nothAng to report in this regar MATTERS ON WIUCH WE ARE RIQUIRED TO REPORT BY EXCEFllOF4 W¢ have nothing to report in r¢s￿¢t of the followillg matters where th¢ Charities (Accounts and Reports) Regulations 2008 requircs us to report to you if, in our opinion.. .the information given in the fmancial statements is inconsisrtnt in any tnaterial r¢spect with the ste¢s' report. •suffi¢ient accounting records have J)ot been kep¢ •the financial statements are not in agreement with the accounting records and r¢turns' or have not received all the inf(mnation and explanatiolls we require for our audit. RESPOIYSIBILITIES OF TRUSTEES As explained more fvlly in the Trustees. Reswll5ibilities Statement set out on page 7, the trustees ar¢ Teswisible for the preparntion of fitwicial ststements which give a and fair view. and for such internal control as the trustees deteTtnille is neccssary io enable the PTeparation of financial stthments that are free frolll material missthtemenL whether due to fraud or eThor. In preparing the fmancial statem¢nts, the In￿ are res]x)nsible for assessing the clthrity's ability to continue as a going concern. disclosing. as applicable. matters Ttlated to going concern and using the going Concern basis of accwllting urdess the trustees either intend to liquidate the company or to cease operations, or bave no realistic alternative but to do so. AUD￿OR's RESPONSIBILrrIES FOR THE ALT>IT OF THE FINANCIAL STATEMENTS We have been apwinted as auditor under the Charitie5 Act 2011. s. 144 and rew)rt in accordance with regulations made under the Act and relevant regulations made or having effect thereunder. A￿RISAIAH EDUCATION TRUST INDEPENDE￿￿ AUDITOR'S REPORT TO THE TRUSTEES OF AL-IUSALAH EDUCATION TRUST YEAR ENDED 31 AUGUST 2024 Our obiectiv¢s are to obtain reasonable a￿U￿Ce about whether the financial 5tstements as a whole are free from material misststemenL whcther due to fraud or error, and to issue an auditor's report that incIL￿eS our opinion. Reasonable assurance is a high level of assurdnce, but is not a guarantee that an audit conducted in accoTdance with ISAS (LX) will &hYa>s detect a material missTatcment ivhen it exists. Misstatements can arise from fraud or ern)r and are considered material if. individually OT in the aggregat¢. they could reasonably be expected to influence the economic decisions of users laken on the basis of these financial statements. A further dcscription of our respoDsibiliti&s for the audit of the financial statements is located on the Financial Reporting Council's TrEbsite at: www.frc.org.ukJaudttorsresponsibilities. This description foTmS part of our auditor's report. Use of our report This Teport is made solely to the Charity's tnjstees as a body. in accordance with section 144* of the Charities Act 2011 and the regulations made undcr se¢tion 154 of that Act. Our audtt work has been undertaken so that we might stste to the Cbarity'"s tn]stees thos¢ matters w¢ are Tequired to state to them in an auditor"s report and for no other purw)5e. To the full¢st extent perniiti¢d by law, we do not a¢cept or assume r¢swTrusibiiity to anyone other than th¢ Cbarity's trus*¢5 as a I￿ly. for our audit work, for this repor¢ or for the opinions we hav¢ fornied. Mr M.ZAtDI (Senior Statutory Auditor) For and on b¢half of M. Zaidi & Co Chartered Accountsnts & Stattrtory Auditors 241 Mitcham Road Tooting London SW17 9JQ Mlaidi & Co is eligible to art as an auditor in ternis of se¢tion 1212 of the Companies Act 2006 12 AL-RISALAH EDUCATION TRUST STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 AUGUST 2024 Total Fllnd3 Totsl Funds 2024 2023 INCOTrUNG RESOLIICES Incoming resources from generatints funds: Voluntary income Incoming resources from chaTitsble activities TOTAL INCOMING RESOURCES RESOURCES EXPENDED Charitsble activities DepTeciation Governance costs 22J34 l J92294 933 1,386,342 1.387.275 IA14,628 (1,470252) {1,359,228) (169,656) {171.119) (56,042) (40,603) (1,695gSO) (1.570,950) (281 J22) (183,675) TOTAL RESOURCES EXPENDED NET oirrGOING RESOURCES FOR THE YEAR OTHER INCOME Total fijnds brought forward 10,614,032 10.811.708 Prior Year Adjusttnent- re rent 14,000 TOTAL FUNDS CARRIED FORWARD IOJ32,710 10,614.033 The Statement of Fir￿l¢la1 Activities includes all gains and losses in the year aDd therefore a statement of total recogoised gains and losses I￿5 not i￿l prepar All of the aknve atnounts relate to continuing 8Cti*ities. 13 AL-RISALAH EDUCATION TRUST INCOME AND EXPENDITURE ACCOUNT YEAR ENDED 31 AUGUST 2024 2024 2023 COME TOTAL EXPENDITURE 1,414,628 1.387,275 (1,695,950} (1.570,950) (281 J22) (183,675) OPERATTh"G SURPLUSIDEFICIENCY Investment propety income OTHER INCOME SURPLUS FOR THE YEAR The In¢offte and EX￿nditi￿¢ Ac£ount includes all gdins and losses ill the year alld th￿efOre a statement of total recognised gains and losses has not been prepar A]1 of the above amounts relate to continuing activities. 14 AL-RISALAH EDUCATION TRUST BALANCE SHEEr 31 AUGUST 2024 2024 2023 FfxED ASSETS Tangible assets 9,608A61 9.776,612 CURRENT ASSETS D¢btOTS Cash at bank and in hand 180J05 661443 290,384 684.142 CREDITORS: Amounts falling due within one year 844,748 974.526 10 (120A99) (137.105) NET CURRENT ASSETS 724249 837,421 TOTAL ASSETS LE&S CURRENT LIABILITIES IOJ32,710 10,614,033 NET ASSETS IOJ32.710 10,614.033 Unrestricted income funds 11 IOJ32,710 10.614,033 IOJ32,7IO 10,614.033 TOTAL FUNDS These ￿CoUnts were approved by the rnemt¢rs of the committee alld authorised for issue on the . and are signed on their behalf by-. Mr Muhammad N2eem Siddiqi Trusts¢ Mr Arshad Daud 15 AL-RISALAH EDUCATION TRUST NOTES TO THE ACCOUNTS YEAR ENDED 31 AUGUST 2024 ACCOUhThG POLICIES Basis of aeeounting The accounts have been prepared uader the historical wst convention and in accordance with applicable United Kingdom accounting standards and the requirements of the Stat¢m¢nt of Reeonllnend¢d Practice 'Accounting a]Jd Reporting by Charities. issued in Mawh 2005 (SORP 2005). Going Coneern The Trustees assess whether the us¢ of going concern is appropriate {i.e.) Th'hethcr there is a￿Y mateTiaL uncertainties Telat¢d to events OT condition5 that may c&st significant doubt OD th¢ abilty of the trust to Continue as a going coneern. The Trustees make this assessment in respect ofeach fmancial year. The tnjstees have concluded th¢re are no material un¢ertainties. Incoming Resources All in¢oming resources are recognised ￿hell the Tru￿ has the entitletllent to the fL￿d$. certainly of ￿Ceipt and the amount be me&sured with sufficient reliability. School fees School fees that have been received prior lo the year en￿ and which relate to activities in subsequcnt years. are treated as defeThed income in the year of receipt and are released in the relevant peri￿ thfflEafv. Grattts re¢eivable Grants are included in the Statement of Financial Acti￿ltieS on a rec¢ivable basis. The balance of income received for specific purp(ws but noi exyended during the period is shown ill the relevant fimds on the balance she&. Where ineoTne is r¢ceived in advallce of entitlement of receipL its recognition is deferred and included in creditors as deferred incom¢. vlliere cntitl¢ment occurs before income is receive& the income is aeeru¢ DO￿tiOnS Donations are recognIs￿ on a receivable basis where there is certainty of receipl and the amount can be reliably rneasured. Other Allcome Other income. including the Rentsl In¢ome, professional S￿l¢eS in relation to education is TecognisLxl in the wiod it is tEceivable and to the extent the g(y)ds have been provided or on completion of the service. Resourees Expellded All expenditure will be recogni5ed in the perll￿ in wbich a liability is incurred and bas been classified under headings that aggregate all costs related to that catsgory. Wbere costs cannot be directly attrAbuted to particular headings the). have been allocated on a basis ¢onsistent with the use of resources, Trith central staff costs a]loCa￿d on the basis of time spenL and depreciation cbarges allocated on the wrtion of the asset's use. Other support costs are allocated based on the spread of staff costs. Cost of generating fuuds There are costs incurred in attracttng voluntary income. and those incuThed ill trading activities tELat raise funds. 16 AL-RISALAH EDUCATION TRUST NOTES TO THE ACCOUNTS YEAR ENDED 31 AUGUST 2024 Fund a¢¢OUDtfing UnrestrACted funds are available for use at the disrtion of the Tnths in furtheraDce of the generdl objectives of the charity. Restric(ed funds ar¢ subjected to restrictions on their ¢xpellditure imposed by the donor or through the iemis of atl ap￿al. Depreciation Depreciation is calculated so as to write off the cost of all &sseL less its estimated residual value. over the useful economic life of that asset as follows: Equipment- 18Q/o Reducing balallce VOLUhryARY INCOME Unrestricted Total Funds Totsl Funds Fullds 2024 2023 Donations & 22J34 22J34 933 INCOMING RESOIJRCES FROM CHARrrABLE ACTIVITIES Unrestricted Tolal Funds Total Funds Fknnds 2024 2023 School fees Teaching support to VA Schools Other services to VA Sch(K>ls R¢cTeational actiTrities and family fimday Nursery grant receivable Teaehcrs parking receipts Rent- Nursery Hall 852588 852588 171,851 171051 52,442 52.442 8,650 8,650 305,464 305.464 1299 1299 800,953 164,164 52.275 6,377 359,859 2,574 140 lJ92294 lJ92294 ,386,342 17 AL-RISALAH EDUCATION TRUST NOTES TO THE ACCOUNTS YEAR ENDED 31 AUGUST 2024 RESOURCES EXPENDED Wages and salaries Employ&s Ntc Direct charitable activity l - P￿$]0￿ cosLs Repairs and maintenance Free Lance teachers Rates Educational and learning material Telephone. Compuler cost & IT tnsurallce Hire of equipment Printing and tx)stage Students. trcreational activities Travelling costs Staff Entertailling Exam charges Light and Heat & premises ¢ost Charitable Donations Sun(lry expenses Contributions mad¢ to The Balham Mo4ue Health & Safety Admin Supplies 932W5 69071 22,915 19J35 78,456 3218 36a78 22950 IlJ55 15.180 14,747 22,409 5,673 1,023 26,123 64518 7,150 159 iio.o( 3,862 IW5 885.472 fA.278 21,907 24,422 58,391 2,241 43.031 15.571 14,418 11,744 12.183 18,876 7,448 756 12,269 34.183 153 i 10,000 1,272 20.613 1.470352 1,359,228 GOVERNANCE COSTS Unrestrieted Totsl FuDth Total Funds Funds 2024 2023 Staff training Legal and Professional fees Audit fees Subscriptions Accountancy fees Bank Charges 2,945 20,746 2$45 20,746 741 14.440 3.915 16,442 2,580 2,485 22,640 3,000 2211 22,640 3,lJOO 2211 56.042 56A02 40,603 18 AL-RISALAH EDUCATION TRUST NOTES TO THE ACCOUNTS YEAR ENDED 31 AUGUST 2024 NET OtrrGOL¥G RESOURCES FOR THE YEAR This is ststed after charging: 2024 2023 Staff wision contributions Amortisation of intsn￿b1e assets Depreciation Auditors, remuneration: audit of the f￿ancial statements 22.915 21,907 169ffj56 171.119 4500 3.915 STAFF COSTS AND EMOLLMEwrs Totsl staff costs were as follows: 2024 2023 Wages and salaries Social security ¢osts Other pension costs 932,835 69,871 22,915 885,472 64,278 21,907 1,025,621 971,657 Partieulars of employe&4: The avewe number of cmployees dwing the year. ¢aI¢ulated on the basis of full-tim¢ equivalents, was as follows: 2024 No. 2023 Average number of monthty employees 45 45 No employee Teceived remuneratK)n of more than £60.000 during the year. 19 AL-RISALAH EDUCATION TRUST NOTES TO THE ACCOUNTS YEAR ENDED 31 AUGUST 2024 TANGIBLE FIXED ASSETS Freebold property Equipment tttsehold Property Total COST At I Sq)tember 2023 Additions= FF & Equipment additions at cost 11.718.032 175.991 653,118 12.547,141 1505 At 31 August 2024 11,718.032 177.496 65J,118 I2￿8,646 DEPRECIATION At I Scplember 20?3 Charg¢ for the vear At 31 August 2024 2,626,768 160344 132,189 8,155 I1￿74 657 2,770531 169,656 2.787ffj12 140J44 12231 2940,187 IYET BOOK VALUE At 31 August 2024 At 31 August 2023 8930,420 9.091.264 37.152 640087 641.544 9.608A61 43.802 9.776.612 DEBTORS 2024 2023 Other Debtors- Ableband Ltd Prepayments 174,165 284,165 290 384 10. CRED￿oRS. AmoDnts falling due withtn oJAe year 2024 2023 Fee received in advance Taxation and s(￿181 security Awn￿15 and deferred income 89.1 23099 102,550 28.062 6.493 120,499 137.105 20 AL-RISALAH EDUCATION TRUST NOTES TO THE ACCOUNTS YEAR ENDED 31 AUGUST 2024 11. UNRESTRICTED INCOME FUNDS B81￿Ce at I September 2023 lll¢oming re8ourees Balance at 31 August 2024 G¢neral Funds io 281 22 io 12. REL4TED PARTY TRANSACTIONS Mr Har(K)n Karim is Tn￿5 of Ba]ham Mosque. Mr M N Siddiqui and Arshad Daud are part of Balham Mosqu¢ Lmanagement team. 21