BADR ACADEMY
Accounts and Reports
For the period ended 5 April 2024
BADR ACADEMY
Contents
For the period ended 5 April 2024
Page
| Legal and administrative information | 1 |
|---|---|
| Trustees’ report | 2-3 |
| Independent examiner’s report | 4 |
| Statement of financial activities | 5 |
| Balance sheet | 6 |
| Notes to the accounts | 7-8 |
BADR ACADEMY
Legal Information
For the period ended 5 April 2024
| Status: | The organisation is a charity registered with the Charities | The organisation is a charity registered with the Charities |
|---|---|---|
| Commission in England | & Wales. | |
| Charity number: | 1193315 | |
| Registered Office &Headquarter | ||
| Business Address: | ||
| Badr Academy | ||
| Britannia Trading Estate | ||
| Unit C Printing House Lane | ||
| London | ||
| UB3 1AP | ||
| Trustees: | Mohamoud Shire Farah | -Trustee/Chairman |
| Adam Muse Said | - Trustee | |
| Samira Abdi Muse | - Trustee | |
| Accountants: | Issa Associates | |
| Certified Accountants and Tax Consultants | ||
| 116 Cumberland House | ||
| 80 Scrubs Lane | ||
| London NW10 6RF |
1
BADR ACADEMY
Trustees Report
For the period ended 5 April 2024
Objective
The objectives of Badr Academy are:
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To advance the Islamic faith for the public benefit throughout London through the provision of educational courses, prayer meetings, lectures and religious festivals
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To provide or assist in the provision of facilities in the interest of social welfare for recreation, educational projects or other leisure time occupation of individuals who have need of such facilities by reason of their youth, age, infirmity or disability, financial hardship or social circumstances with the object of improving their condition of life
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Such charitable purposes for the public benefit as are exclusively charitable according to the laws of England and Wales as the trustees may from time to time determine.
Legal structure
Badr Academy is a registered charity, governed by its Constitution
Financial statements
The trustees submit their trustees’ report and financial statements for the period ended 5 April 2024.
Policies:
Reserve policy:
The charity currently operates with minimal reserves. The trustees are endeavouring to build up its donor base with a view to having reserves equal to 6 months operating expenditure.
Risk(s) review:
The trustees have recently examined and reviewed the major risk(s) faced by the Ibn Abbas Islamic Centre to mitigate those risks. The risk management strategy will be periodically reviewed to make sure that it still meets the needs of the charity.
Appointment of Trustees.
The charity in general meeting shall elect the officers and the other trustees. Each of the trustees shall retire with effect from the conclusion of the annual general meeting next after his or her appointment but shall be eligible for re-election at that annual general meeting.
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BADR ACADEMY
Trustees Report (Continues)
For the period ended 5 April 2024
Trustees Responsibilities
The trustees are responsible for keeping proper accounting records which disclose at any time the financial position of the charity and enable them to ensure that the financial statements comply with the relevant regulations. The trustees oversee preparation of financial statements, select suitable accounting policies and make judgments and estimates that are reasonable and prudent to give the true state of affairs of the charity.
Trustees are also responsible for safeguarding the assets of the charity. They are elected and replaced as set out in the constitution.
Activities and Achievements
The charity is managed by 3 elected trustee members, and is staffed by 5 volunteers. The office is open from Mondays to Fridays from 11am- 6pm.
The core of the charity’s work is advancement of Islamic faith as well as educational advancement and basic health promotion within the local community.
Evaluating impact of our activities:
We are committed to ensuring that in everything we do, we are accountable to those we work with and those we work for our service users. We use many ways to monitor and evaluate our projects.
We evaluate the success of our projects and activities in different ways and can include the below;
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Participation, enjoyment, maintaining numbers.
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Completing review and feedback exercises to view and understand outcomes achievements as well as challenges and areas of improvement.
Summary of main achievements 2023-20234
Badr Academy provides free information, training, advice and guidance to vulnerable members of the community particularly the youth who are facing many barriers including language and cultural barriers to support and help them access mainstream services.
Funding
The charity was funded by members of the local community.
This report was approved by the board and signed on its behalf by:
............................. Chair Mohamoud Shire Farah
Date: 30[th] January 2025
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BADR ACADEMY
Independent Examiners Report
For the period ended 5 April 2024
I have examined the accounts on pages 5 to 6, which have been prepared on the basis of accruals.
Respective responsibilities of trustees and examiner
The trustees of the charity are responsible for the preparation of accounts; we consider that the audit requirement under section 43(2) of the Charities Act 1993 does not apply. It is my responsibility to examine the accounts, without performing an audit, and to report to trustees.
Basis of independent examiner’s report
This report is in respect of an examination carried out under section 43 of the Charities Act 1993 and in accordance with the directions given by the charity commissioners under section 43(7)(b). An examination includes a review of the accounting records kept by the charity trustees and a comparison of the accounts presented with those records. It also includes a review of the accounts and making such enquiries as are necessary for the purpose of this report. The procedures undertaken do not constitute an audit.
Independent examiner’s statement
Based on my examination, no matter has come to attention which gives me reasonable cause to believe that in any material respect accounting records for the period ended 5 April 2024 have not been in accordance with section 41 of the Charities Act 1993, or that the accounts presented do not accord with those records or comply with the accounting requirements of the Charities Act 1993. No matter has come to my attention in connection with my examination to which, in my opinion, attention should be drawn to enable a proper understating of the accounts to be reached.
Issa Associates Certified Accountants & Tax Consultants Suite 116 Cumberland House 80 Scrubs Lane London NW10 6RF
Date: 30[th] January 2025
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BADR ACADEMY
Statement of Financial Activities
For the year ended 5 April 2024
| Income Grants and Donations Expenditure Youth activities Drought and water relief Legal & professional Total expenditure Fund balance for the year Balance brought forward Balance carried forward |
Restricted £ 10,865 10,865 - 2,500 - 2,500 8,365 1,028 9,393 |
2023 Total funds Total funds £ £ 10,865 120,453 10,865 120,453 - 100,782 2,500 18,661 - 300 2,500 119,743 8,365 710 1,028 318 9,393 1,028 2024 |
|---|---|---|
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BADR ACADEMY
Balance Sheet
For the year ended 5 April 2024
| Notes Fixed Assets: Tangible 3 Current Assets: Cash at bank and in hand Current liabilities payable within 1 year: Creditors and accruals 4 Net Current Assets Total Assets less current liabilities Funds: Restricted Funds as at 5 April 2024 |
£ £ £ £ - - 9,393 1,028 9,393 1,028 - - 9,393 1,028 9,393 1,028 9,393 1,028 9,393 1,028 2024 2023 |
|---|---|
| 9,393 - |
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The statement of financial activities as set out on page 5 for the financial period ending 5 April 2024, and the statement of assets and liabilities as set out on this page are as approved by the trustees on 30 January 2025.
Chair Mohamoud S. Farah
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BADR ACADEMY
Notes to the Accounts
For the year ended 5 April 2024
- 1 Basis of accounting
The financial statements have been prepared under the historical cost convention, and have been prepared in accordance with Statement of Recommended Practice (SORP 2015), "Accounting and Reporting by Charities" and applicable accounting standards.
- 2 Accounting Policies
A summary of the principal accounting policies, all of which have been applied consistently throughout the year is set out below.
- 2.1 Income and expenditure
All income and expenditure is accounted for on receipt and payment basis.
- 2.2 Fund Accounting
General funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
Restricted funds are funds subject to specific restrictive conditions imposed by donors.
- 2.2 Tangible Fixed assets and Depreciation
Tangible fixed assets are stated at cost.
Provision for depreciation of fixed assets held for use by the charity is made at an annual rate of 25% on straight line basis.
- 2.3 Charity status
The charity is registered with the Charities Commission in England & Wales.
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BADR ACADEMY
Notes to the Accounts
For the year ended 5 April 2024
| 3 Tangible Fixed Assets Costs At 06 April 2023 Additions during the year At 5 April 2024 Depreciation At 06 April 2023 Charge for the year At 5 April 2024 Net Book value At 5 April 2024 At 5 April 2023 4 Creditors: Amount falling due within one year Accruals |
Office equipment Total £ £ - - - - - - - - - - - - - - - - 2024 2023 £ £ - - - - |
|---|---|
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