**REGISTERED CHARITY NUMBER: 1196610** **REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024** **FOR** ## **EVINGTON MUSLIM EDUCATION TRUST** TC Group 31 High View Close Hamilton Office Park Leicester Leicestershire LE4 9LJ **EVINGTON MUSLIM EDUCATION TRUST** **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024** |||**Page**|| |---|---|---|---| |**Report of the Trustees**|1|to|2| |**Independent Examiner's Report**||3|| |**Statement of Financial Activities**||4|| |**Balance Sheet**||5|| |**Cash Flow Statement**||6|| |**Notes to the Cash Flow Statement**||7|| |**Notes to the Financial Statements**|8|to|12| |**Detailed Statement of Financial Activities**||13|| **EVINGTON MUSLIM EDUCATION TRUST** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024** The trustees present their report with the financial statements of the charity for the year ended 31 March 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** The objects of the charity as per the governing document are: - to advance the religion of Islam, by means of, but not exclusively, the provision or assistance in the provision of Islamic facilities for worship, Islamic education classes, facilities for nikah and other Islamic activities as determined from time to time, in accordance with the teachings of the Quran and sunnah of the prophet Muhammad (peace and blessings be upon him) as interpreted by the Ahle Sunnah Wal Jamaah school of thought and expounded by Sunni Hanafi scholars; - to advance education for the benefit of the general public by means of, but not exclusively, the provision or the assistance in the provision of educational activities and facilities, such as nurseries and schools; - to relieve financial hardship among poor people, victims of natural and man-made disasters, and other people in need by means of, but not exclusively, making grants for providing or paying for items, equipment, services and facilities, including the provision of food, clean water and clothing. ## **Public benefit** In planning our activities to further the charity's aims and objectives, the trustees have given careful consideration to the Charity Commission's general guidance on public benefit and, in particular, the specific guidance on charities for the advancement of religion. The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales. ## **FINANCIAL REVIEW** ## **Financial position** ## **Principal funding sources** Net movement in funds during the year was £77,835 (2023 £nil). As a charity the public has the assurance that all funds generated must be applied for the purposes of the charity's objectives and activities. As a charity we enjoy tax exemption on our charitable activities and our investment income and gains provided these are applied for our charitable aims. The financial benefits we receive from the tax exemptions are all applied to help maintain our objectives. ## **Reserves policy** The adequacy of the reserves policy is reviewed annually. The review encompasses the nature of the income and expenditure streams, and the need to match income with commitments and the nature of the reserves. Appeals will be made when considered appropriate by the trustees to provide finance for specific projects/disasters. At the end of the financial year, the total funds of the charity were £xxxxx (2023: £nil). ## **FUTURE PLANS** The activities of the charity, Evington Muslim Education Trust (charity number: 1075379), together with the activities of The Evington Muslim Centre will be merged into the new CIO charity, named Evington Muslim Education Trust (charity number: 1196610) during 2023/24. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The Evington Muslim Education Trust was established as a Charitable Incorporated Organisation (CIO) with the Charity Commission on 16 November 2021 under its constitution. Page 1 **EVINGTON MUSLIM EDUCATION TRUST** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024** ## **STRUCTURE, GOVERNANCE AND MANAGEMENT Recruitment and appointment of new trustees** The management of the Trust is the responsibility of the Trustees who are elected and co-opted under the terms of the CIO constitution. All Trustees retire at the end of the annual general meeting after the date they were appointed but they may be re-elected or re-appointed. ## **Induction and training of new trustees** The Trustees stay up to date with current requirements by reading Charity Commission publications and other relevant literature. ## **REFERENCE AND ADMINISTRATIVE DETAILS** ## **Registered Charity number** 1196610 ## **Principal address** 1 - 3 Evington Drive Leicester LE5 5PS ## **Trustees** F A Alimahomed G Husain I Ahmed I Fulat O Mahomed Y Ahmed M A Patel I A Suleman ## **Independent Examiner** TC Group 31 High View Close Hamilton Office Park Leicester Leicestershire LE4 9LJ Approved by order of the board of trustees on 20 December 2024 and signed on its behalf by: I Fulat - Trustee Page 2 **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF EVINGTON MUSLIM EDUCATION TRUST** ## **Independent examiner's report to the trustees of Evington Muslim Education Trust** I report to the charity trustees on my examination of the accounts of Evington Muslim Education Trust (the Trust) for the year ended 31 March 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** Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies. 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. J Dennis TC Group 31 High View Close Hamilton Office Park Leicester Leicestershire LE4 9LJ 20 December 2024 Page 3 **EVINGTON MUSLIM EDUCATION TRUST** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024** ||||Period| |---|---|---|---| ||||16.11.21| |||Year ended|to| |||31.3.24|31.3.23| |||Unrestricted|Total| |||funds|funds| ||Notes|£|£| |**INCOME AND ENDOWMENTS FROM**|||| |Donations and legacies|2|521,883|-| |**EXPENDITURE ON**|||| |Raising funds|3|444,048|-| |**NET INCOME**||77,835|-| |**RECONCILIATION OF FUNDS**|||| |Total funds brought forward||-|-| |**TOTAL FUNDS CARRIED FORWARD**||77,835|-| The notes form part of these financial statements Page 4 **EVINGTON MUSLIM EDUCATION TRUST** ## **BALANCE SHEET** ## **31 MARCH 2024** |Notes
**FIXED ASSETS**
Tangible assets
8
**CURRENT ASSETS**
Debtors
9
Cash at bank
**CREDITORS**
Amounts falling due within one year
10
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**NET ASSETS**
**FUNDS**
11
Unrestricted funds
**TOTAL FUNDS**|2024
Unrestricted
funds
£
191,703
238,660
353,509
592,169
(706,037)
(113,868)
77,835
77,835
77,835
77,835|2023
Total
funds
£
-
-
-
-
-
-
-
-
-
-| |---|---|---| The financial statements were approved by the Board of Trustees and authorised for issue on 20 December 2024 and were signed on its behalf by: I Fulat - Trustee The notes form part of these financial statements Page 5 **EVINGTON MUSLIM EDUCATION TRUST** ## **CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2024** |Year ended
31.3.24
Notes
£
**Cash flows from operating activities**
Cash generated from operations
1
545,212
Net cash provided by operating activities
545,212
**Cash flows from investing activities**
Purchase of tangible fixed assets
(191,703)
Net cash (used in)/provided by investing activities
(191,703)
**Change in cash and cash equivalents in**
**the reporting period**
353,509
**Cash and cash equivalents at the**
**beginning of the reporting period**
-
**Cash and cash equivalents at the end of**
**the reporting period**
353,509|Period
16.11.21
to
31.3.23
£
-
-
-
-
-
-
-| |---|---| The notes form part of these financial statements Page 6 **EVINGTON MUSLIM EDUCATION TRUST** ## **NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2024** ## **1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES** |||||Period| |---|---|---|---|---| |||||16.11.21| ||||Year ended|
to| ||||31.3.24|31.3.23| ||||£|£| ||**Net income for the reporting period (as per the Statement of**|||| ||**Financial Activities)**||77,835|-| ||**Adjustments for:**|||| ||Increase in debtors||(238,660)|-| ||Increase in creditors||706,037|-| ||**Net cash provided by operations**||545,212|-| |**2.**|**ANALYSIS OF CHANGES IN NET FUNDS**|||| |||At 1.4.23|Cash flow|At 31.3.24| |||£|£|£| ||**Net cash**|||| ||Cash at bank|-|353,509|353,509| |||-|353,509|353,509| ||**Total**|-|353,509|353,509| The notes form part of these financial statements Page 7 **EVINGTON MUSLIM EDUCATION TRUST** **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 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. ## **Tangible fixed assets** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Freehold property - 2% on cost ## **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. ## **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. continued... Page 8 **EVINGTON MUSLIM EDUCATION TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024** ## **2. DONATIONS AND LEGACIES** |Year ended
31.3.24
£
Jumah collections
52,620
Donations
89,540
Other income
63,098
Nikah fees
2,000
Land of learning
216,195
Madrassa fees
98,430
521,883|Period
16.11.21
to
31.3.23
£
-
-
-
-
-
-| |---|---| ||-| ## **3. RAISING FUNDS** ## **Raising donations and legacies** |Year ended
31.3.24
£
Staff costs
360,866
Land of learning
24,783
Building works
280
Masjid expenses
2,578
Support costs
55,541
444,048|Period
16.11.21
to
31.3.23
£
-
-
-
-
-| |---|---| ||-| ## **4. SUPPORT COSTS** |Governance
Management
Finance
costs
£
£
£
Raising donations and legacies
50,237
629
4,675|Totals
£
55,541| |---|---| ## **5. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the period ended 31 March 2023. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 March 2024 nor for the period ended 31 March 2023. continued... Page 9 **EVINGTON MUSLIM EDUCATION TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024** ## **6. STAFF COSTS** |Year ended
31.3.24
£
Wages and salaries
348,089
Social security costs
8,792
Other pension costs
3,985
360,866
The average monthly number of employees during the year was as follows:
Year ended
31.3.24
Staff
58
No employees received emoluments in excess of £60,000.
**7.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
**NET INCOME**
**TOTAL FUNDS CARRIED FORWARD**
**8.**
**TANGIBLE FIXED ASSETS**
**COST**
Additions
**NET BOOK VALUE**
At 31 March 2024
At 31 March 2023|Period
16.11.21
to
31.3.23
£
-
-
-
-
Period
16.11.21
to
31.3.23
-
Total
funds
£
-
-
Freehold
property
£
191,703
191,703
-| |---|---| continued... Page 10 **EVINGTON MUSLIM EDUCATION TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024** ## **9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** |2024
£
Other debtors
238,660
**10.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
2024
£
Trade creditors
21,577
Taxation and social security
1,323
Other creditors
683,137
706,037
**11.**
**MOVEMENT IN FUNDS**
Net
movement
At 1.4.23
in funds
£
£
**Unrestricted funds**
General fund
-
70,317
Masjid Umar
-
5,914
Land of Learning
-
(85,233)
Hollington Road
-
(9,650)
Madressah
-
96,487
-
77,835
**TOTAL FUNDS**
-
77,835|2023
£
-
2023
£
-
-
-
-
At
31.3.24
£
70,317
5,914
(85,233)
(9,650)
96,487
77,835
77,835| |---|---| Net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund
Masjid Umar
Land of Learning
Hollington Road
Madressah
**TOTAL FUNDS**|Incoming
Resources
Movement
resources
expended
in funds
£
£
£
81,923
(11,606)
70,317
54,621
(48,707)
5,914
217,894
(303,127)
(85,233)
-
(9,650)
(9,650)
167,445
(70,958)
96,487
521,883
(444,048)
77,835
521,883
(444,048)
77,835| |---|---| continued... Page 11 **EVINGTON MUSLIM EDUCATION TRUST** **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024** ## **12. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31 March 2024. Page 12 **EVINGTON MUSLIM EDUCATION TRUST** **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024** |||Period||| |---|---|---|---|---| ||||16.11.2|1| ||Year ended|to||| ||31.3.24|31.3.23||| ||£|£||| |**INCOME AND ENDOWMENTS**||||| |**Donations and legacies**||||| |Jumah collections|52,620||-|| |Donations|89,540||-|| |Other income|63,098||-|| |Nikah fees|2,000||-|| |Land of learning|216,195||-|| |Madrassa fees|98,430||-|| ||521,883||-|| |**Total incoming resources**|521,883||-|| |**EXPENDITURE**||||| |**Raising donations and legacies**||||| |Wages|348,089||-|| |Social security|8,792||-|| |Pensions|3,985||-|| |Land of learning|24,783||-|| |Building works|280||-|| |Masjid expenses|2,578||-|| ||388,507||-|| |**Support costs**||||| |**Management**||||| |Insurance|11,302||-|| |Postage and stationery|4,381||-|| |Sundries|1,889||-|| |Computer costs|6,670||-|| |Repairs & maintenance|23,742||-|| |Staff training|2,073||-|| |Subscriptions|180||-|| ||50,237||-|| |**Finance**||||| |Bank charges|629||-|| |**Governance costs**||||| |Accountancy and legal fees|4,675||-|| |Total resources expended|444,048||-|| |**Net income**|77,835||-|| This page does not form part of the statutory financial statements Page 13