2024-08-31-accounts

REGISTERED CHARITY NUMBER: 1195480

TRUSTEES' REPORT AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2024

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 2024

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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 10
Detailed Statement of Financial Activities 11
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AL-MA'RIFAH ACADEMY

TRUSTEES' REPORT FOR THE YEAR ENDED 31ST AUGUST 2024

The trustees present their report with the financial statements of the charity for the year ended 31st August 2024. 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 dedicated to serving the spiritual, educational, and social needs of the local community. Its core objectives and services include:

1. Establishment and Expansion of Worship Facilities

Providing a dedicated place of worship for local residents, with ongoing efforts to expand and enhance services in line with the growing needs of the community.

1. Religious Education for Children

Offering structured evening classes for children aged 5 to 15, focusing on the fundamental teachings of Islam while nurturing values that encourage positive contributions to society.

1. Community Engagement and Interfaith Relations

Promoting mutual understanding through dialogue and outreach with the local non-Muslim community, aiming to dispel misconceptions and foster respectful coexistence.

1. Charitable Services

To assist in the provision of any charitable services within the limits of the law and particularly within the bounds of Islam.

Key activities

o Hosting the five daily prayers o Conducting Jumu'ah (Friday) congregational prayers and Eid services

o Engaging in inter-community and interfaith outreach

o Fruit tree plantation at Al Ma'rifah premises as part of environmental efforts

o Expanding car park facilities to accommodate growing attendance

o Maintaining cleanliness in and around the Masjid premises

o Establishing evening classes specifically for girls

o Providing evening educational programs for adults

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 £26,181 (2023: £31,840).

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 2024

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 25th May 2025 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 2024.

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 FCCA

Watergates Ltd 109 Coleman Road Leicester LE5 4LE

25th May 2025

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AL-MA'RIFAH ACADEMY

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST AUGUST 2024

31/8/24 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 74,751 Charitable activities Mosque and madressa costs 16,687 Total 91,438 EXPENDITURE ON Charitable activities Grants expended - Mosque and madressa costs 59,905 Other 5,352 Total 65,257 NET INCOME 26,181 RECONCILIATION OF FUNDS Total funds brought forward 383,885 TOTAL FUNDS CARRIED FORWARD 410,066	31/8/23 Total funds £ 58,628 11,193 69,821 7,370 23,917 6,694 37,981 31,840 352,045 383,885

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 2024

31/8/24 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 4 313,368 CURRENT ASSETS Debtors 5 3,991 Cash at bank and in hand 93,808 97,799 CREDITORS Amounts falling due within one year 6 (1,101) NET CURRENT ASSETS 96,698 TOTAL ASSETS LESS CURRENT LIABILITIES 410,066 NET ASSETS 410,066 FUNDS 7 Unrestricted funds 410,066 TOTAL FUNDS 410,066	31/8/23 Total funds £ 301,357 - 82,554 82,554 (26) 82,528 383,885 383,885 383,885 383,885

The financial statements were approved by the Board of Trustees and authorised for issue on 25th May 2025 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 2024

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 are stated at cost less accumulated depreciation and accumulated impairment losses. Such cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

- Freehold property straight line over 50 years Fixtures and fittings - 10% on cost

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.

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 2024

1. ACCOUNTING POLICIES - continued

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS

The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

2. TRUSTEES' REMUNERATION AND BENEFITS

Trustees remuneration includes consultancy fees of £0 (2023: £4,530).

TRUSTEES' EXPENSES

There were no trustees' expenses paid for the year ended 31st August 2024 nor for the year ended 31st August 2023.

3. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

INCOME AND ENDOWMENTS FROM Donations and legacies Charitable activities Mosque and madressa costs	Unrestricted fund £ 58,628 11,193
Total	69,821
EXPENDITURE ON Charitable activities Grants expended Mosque and madressa costs Other	7,370 23,917 6,694
Total	37,981
NET INCOME RECONCILIATION OF FUNDS Total funds brought forward	31,840 352,045
TOTAL FUNDS CARRIED FORWARD	383,885

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AL-MA'RIFAH ACADEMY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST AUGUST 2024

4. TANGIBLE FIXED ASSETS COST At 1st September 2023 Additions	Freehold property £ 301,357 -	Fixtures and fittings £ - 17,363	Totals £ 301,357 17,363
At 31st August 2024	301,357	17,363	318,720
DEPRECIATION Charge for year	3,616	1,736	5,352
NET BOOK VALUE At 31st August 2024	297,741	15,627	313,368
At 31st August 2023	301,357	-	301,357
Included in cost or valuation of land and buildings is freehold land of £120,000 5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other debtors		which is not 31/8/24 £ 3,991	depreciated. 31/8/23 £ -
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Taxation and social security Other creditors		31/8/24 £ 872 229	31/8/23 £ 26 -
		1,101	26
7. MOVEMENT IN FUNDS Unrestricted funds General fund	At 1.9.23 £ 383,885	Net movement in funds £ 26,181	At 31.8.24 £ 410,066
TOTAL FUNDS	383,885	26,181	410,066

Included in cost or valuation of land and buildings is freehold land of £120,000 which is not depreciated.

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AL-MA'RIFAH ACADEMY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST AUGUST 2024

7. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds General fund	Incoming Resources Movement resources expended in funds £ £ £ 91,438 (65,257) 26,181
TOTAL FUNDS	91,438 (65,257) 26,181
Comparatives for movement in funds Unrestricted funds General fund	Net movement At At 1.9.22 in funds 31.8.23 £ £ £ 352,045 31,840 383,885
TOTAL FUNDS	352,045 31,840 383,885
Comparative 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
A current year 12 months and prior year 12 months combined position is as follows: Net movement At At 1.9.22 in funds 31.8.24 £ £ £ Unrestricted funds General fund 352,045 58,021 410,066
TOTAL FUNDS	352,045 58,021 410,066

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AL-MA'RIFAH ACADEMY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST AUGUST 2024

7. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds General fund	Incoming Resources resources expended £ £ 161,259 (103,238)	Movement in funds £ 58,021
TOTAL FUNDS	161,259 (103,238)	58,021

8. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31st August 2024.

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AL-MA'RIFAH ACADEMY

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST AUGUST 2024

INCOME AND ENDOWMENTS Donations and legacies Donations Gift aid	31/8/24 31/8/23 £ £ 70,760 39,117 3,991 19,511
Charitable activities Madrassah fees	74,751 58,628 16,687 11,193
Total incoming resources EXPENDITURE Charitable activities Wages Madrassah books Grants to institutions	91,438 69,821 36,332 10,022 2,563 965 10,799 7,370
Support costs Management Pensions Insurance Light and heat DBS Checks Security Consultancy fees Planning permissions Repairs & maintenance Staff training Telephone and internet	49,694 18,357 121 - 699 - 4,367 3,945 300 - 534 1,080 2,292 12,930 - 848 1,685 559 101 - 43 194
Finance Bank charges Depreciation of tangible fixed assets	10,142 19,556 69 68 5,352 -
	5,421 68
Total resources expended	65,257 37,981
Net income	26,181 31,840

This page does not form part of the statutory financial statements

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Signature: A. Dagia A. Dagia (Jun 21, 2025 11:34 GMT+1)

Email: [e-mail]