**REGISTERED CHARITY NUMBER: 1195480**
## **TRUSTEES' REPORT AND**
**FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2023**
## **FOR**
## **AL-MA'RIFAH ACADEMY**
Watergates Ltd 109 Coleman Road Leicester LE5 4LE
**AL-MA'RIFAH ACADEMY**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2023**
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Page
Trustees' Report 1 to 2
Independent Examiner's Report 3
Statement of Financial Activities 4
Statement of Financial Position 5
Notes to the Financial Statements 6 to 9
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**AL-MA'RIFAH ACADEMY**
**TRUSTEES' REPORT FOR THE YEAR ENDED 31ST AUGUST 2023**
The trustees present their report with the financial statements of the charity for the year ended 31st August 2023. The trustees have adopted the provisions 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 Ireland (FRS 102) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and Aims**
Al-Ma'rifah Academy is a Leicester based Masjid that provides the following to the community it serves: 1. Establishment of place of worship for local residents and expand the service according to the growing need of the local community
2. Provision of evening religious classes for children aged 5-15 years inculcating in them basic tenets of Islam as well how to function as a positive member of society who benefits others in all respects
3. Integrating with local non-Muslim population to clarify misunderstandings and misconceptions about the religion of Islam, religion of all prophets.
4. To Assist in the provision of any charitable service
## **Significant activities**
1. Five daily prayers
2. Jumuah day congregation
3. Integrating with local population
4. Fruit tree plantation
5. Extension of Car park
6. Maintaining a clean environment in and around masjid premises
## **Future plans**
1. Provision of evening school for girls
2. Establishment of a fund for setting up a hatchery/ husbandry in deprived areas of Pakistan/ India/ Africa to provide a self-sustaining source of income and basic food requirements on sustainable basis
3. Youth activities
4. Extension of place of worship to provide classrooms for the children evening classes
5. Provision of engaging, productive, informative activities for all sections of local community
## **ACHIEVEMENT AND PERFORMANCE**
## **Charitable activities**
Al-Ma'rifah Academy has successfully purchased a building and established a place of worship.
## **FINANCIAL REVIEW**
Al-Ma'rifah Academy has shown that it is a well run organisation with overall surplus funds. The charity had a net surplus of £31,382 (2022: £352,045).
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust and constitutes a charity incorporated organisation.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number**
1195480
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**AL-MA'RIFAH ACADEMY**
## **TRUSTEES' REPORT FOR THE YEAR ENDED 31ST AUGUST 2023**
**Principal address** 3 Chrisett Close Leicester LE5 6RD
## **Trustees**
Mr K M J GULRAIZ Mr K G RAUF Mr A DAGIA
**Independent Examiner** Watergates Ltd 109 Coleman Road Leicester LE5 4LE
Approved by order of the board of trustees on 27th June 2024 and signed on its behalf by:
Mr A DAGIA - Trustee
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**INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF AL-MA'RIFAH ACADEMY**
## **Independent examiner's report to the trustees of AL-MA'RIFAH ACADEMY**
I report to the charity trustees on my examination of the accounts of AL-MA'RIFAH ACADEMY (the Trust) for the year ended 31st August 2023.
## **Responsibilities and basis of report**
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Nazir Malida
Watergates Ltd 109 Coleman Road Leicester LE5 4LE
27th June 2024
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**AL-MA'RIFAH ACADEMY**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST AUGUST 2023**
|**PERIOD**
**11.8.21**
**YEAR ENDED**
**TO**
**31.8.23**
**31.8.22**
**Unrestricted**
**Total**
**fund**
**funds**
**Notes**
**£**
**£**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**58,628**
363,251
**Charitable activities**
Mosque and madressa costs
**11,193**
-|
|---|
|**Total**
**69,821**
363,251|
|**EXPENDITURE ON**
**Charitable activities**
Grants expended
**7,370**
2,965
Mosque and madressa costs
**23,917**
-
Other
**6,694**
8,241|
|**Total**
**37,981**
11,206|
|**NET INCOME**
**31,840**
352,045
**RECONCILIATION OF FUNDS**
Total funds brought forward
**352,045**
-|
|**TOTAL FUNDS CARRIED FORWARD**
**383,885**
352,045|
The notes on page 0 form part of these financial statements
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**AL-MA'RIFAH ACADEMY**
## **STATEMENT OF FINANCIAL POSITION 31ST AUGUST 2023**
|**31/8/23**
**Unrestricted**
**fund**
**Notes**
**£**
**FIXED ASSETS**
Tangible assets
4
**301,357**
**CURRENT ASSETS**
Cash at bank and in hand
**82,554**
**CREDITORS**
Amounts falling due within one year
5
**(26)**
**NET CURRENT ASSETS**
**82,528**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**383,885**
**NET ASSETS**
**383,885**
**FUNDS**
6
Unrestricted funds
**383,885**
**TOTAL FUNDS**
**383,885**|**31/8/22**
**Total**
**funds**
**£**
301,357
50,688
-
50,688
352,045
352,045
352,045
352,045|
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 27th June 2024 and were signed on its behalf by:
## Trustee
The notes on page 0 form part of these financial statements
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**AL-MA'RIFAH ACADEMY**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2023**
## **1. ACCOUNTING POLICIES**
## **BASIS OF PREPARING THE FINANCIAL STATEMENTS**
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
## **INCOME**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **EXPENDITURE**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
## **TANGIBLE FIXED ASSETS**
Tangible fixed assets consists of freehold land and buildings. The cost includes costs directly attributable to making the asset capable of operating as intended.
No depreciation is charged on freehold land and buildings. It is the opinion of the directors that the life of the assets are so long and their residual value so high, that any depreciation is insignificant. In accordance with FRS102, annual impairment reviews are undertaken to confirm this treatment.
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement.
## **TAXATION**
The charity is exempt from tax on its charitable activities.
## **FUND ACCOUNTING**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
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**AL-MA'RIFAH ACADEMY**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST AUGUST 2023**
## **2. TRUSTEES' REMUNERATION AND BENEFITS**
Trustees remuneration includes consultancy fees of £4,530 (2022: nil).
## **TRUSTEES' EXPENSES**
There were no trustees' expenses paid for the year ended 31st August 2023 nor for the period ended 31st August 2022.
## **3. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
|**INCOME AND ENDOWMENTS FROM**
Donations and legacies|**Unrestricted**
**fund**
**£**
363,251|
|---|---|
|**EXPENDITURE ON**
**Charitable activities**
Grants expended
Other|2,965
8,241|
|**Total**|11,206|
|**NET INCOME**|352,045|
|**TOTAL FUNDS CARRIED FORWARD**|352,045|
|**4.**
**TANGIBLE FIXED ASSETS**
**COST**
At 1st September 2022 and
31st August 2023|**Freehold**
**property**
**£**
**301,357**|
|**NET BOOK VALUE**
At 31st August 2023|**301,357**|
|At 31st August 2022|301,357|
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**AL-MA'RIFAH ACADEMY**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST AUGUST 2023**
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5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/23 31/8/22
£ £
Taxation and social security 26 -
6. MOVEMENT IN FUNDS
Net
movement At
At 1.9.22 in funds 31.8.23
£ £ £
Unrestricted funds
General fund 352,045 31,840 383,885
TOTAL FUNDS 352,045 31,840 383,885
Net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 69,821 (37,981) 31,840
TOTAL FUNDS 69,821 (37,981) 31,840
Comparatives for movement in funds
Net
movement At
in funds 31.8.22
£ £
Unrestricted funds
General fund 352,045 352,045
TOTAL FUNDS 352,045 352,045
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**AL-MA'RIFAH ACADEMY**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST AUGUST 2023**
## **6. MOVEMENT IN FUNDS - continued**
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|**Incoming**
**resources**
**£**
363,251
363,251|**Resources**
**Movement**
**expended**
**in funds**
**£**
**£**
(11,206)
352,045
(11,206)
352,045|
|---|---|---|
## **7. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31st August 2023.
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