Registered number: 13459249
**MADINAH ACADEMY COMMUNITY TRUST DIRECTORS' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023**
A Patel & Co Accountants Licensed by AAT - Reg. No. 1199 341 Derby Street Bolton BL3 6LR
## **Madinah Academy Community Trust Contents**
||**Page**|
|---|---|
|Company Information|1|
|Directors' Report|2|
|Accountants' Report|3|
|Profit and Loss Account|4|
|Balance Sheet|5—6|
|Notes to the Financial Statements|7—8|
|The following pages do not form part of the statutory accounts:||
|Trading Profit and Loss Account|9|
**Madinah Academy Community Trust Company Information For The Year Ended 30 June 2023**
|**Directors**|Mr Ilyas Akujee|
|---|---|
||Mr Umar Faruk Pandor|
||Mr Zubair Seedat|
||Mr Farid Ahmad Timol|
|**Company Number**|13459249|
|**Registered Office**|19 Humphrey Road|
||Manchester|
||M16 9DD|
|**Accountants**|A Patel & Co Accountants|
||Licensed by AAT - Reg. No. 1199|
||341 Derby Street|
||Bolton|
||BL3 6LR|
Page 1
**Madinah Academy Community Trust Company No. 13459249 Directors' Report For The Year Ended 30 June 2023**
The directors present their report and the financial statements for the year ended 30 June 2023.
## **Directors**
The directors who held office during the year were as follows:
Mr Ilyas Akujee
Mr Umar Faruk Pandor
Mr Zubair Seedat
Mr Farid Ahmad Timol
## **Statement of Directors' Responsibilities**
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the directors are required to:
- select suitable accounting policies and then apply them consistently;
- make judgments and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
## **Small Company Rules**
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
On behalf of the board
Mr Ilyas Akujee
Director
30/03/2023
Page 2
**Madinah Academy Community Trust Accountants' Report For The Year Ended 30 June 2023**
In accordance with the engagement letter dated , and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.
This report is made to the directors in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the directors the financial statements that we have been engaged to compile, to report to the directors that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's directors for our work or for this report.
You have acknowledged on the balance sheet as at year ended 30 June 2023 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.
We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
30/03/2023
A Patel & Co Accountants Licensed by AAT - Reg. No. 1199 341 Derby Street Bolton BL3 6LR
Page 3
## **Madinah Academy Community Trust Profit and Loss Account For The Year Ended 30 June 2023**
|**Notes**
**TURNOVER**
**GROSS PROFIT**
Administrative expenses
**OPERATING PROFIT AND PROFIT FOR THE**
**FINANCIAL YEAR**|**2023**
**£**
25,490
25,490
(17,619)
7,871|**2022**
**£**
16,264|
|---|---|---|
|||16,264
(8,970)|
|||7,294|
The notes on pages 7 to 8 form part of these financial statements.
Page 4
## **Madinah Academy Community Trust Balance Sheet As At 30 June 2023**
|**Notes**
**FIXED ASSETS**
Tangible Assets
**4**
**CURRENT ASSETS**
Cash at bank and in hand
**Creditors: Amounts Falling Due Within**
**One Year**
**5**
**NET CURRENT ASSETS (LIABILITIES)**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**NET ASSETS**
Profit and Loss Account
**SHAREHOLDERS' FUNDS**|**2023**
**£**
**£**
269
269
15,586
15,586
(690)
14,896
15,165
15,165
15,165
15,165|**2023**
**£**
**£**
269
269
15,586
15,586
(690)
14,896
15,165
15,165
15,165
15,165|**2022**
**£**
**£**
317
317
7,667
7,667
(690)
6,977
7,294
7,294
7,294
7,294|**2022**
**£**
**£**
317
317
7,667
7,667
(690)
6,977
7,294
7,294
7,294
7,294|
|---|---|---|---|---|
|||269
14,896||317
6,977|
||15,586
(690)||7,667
(690)||
||||||
|||15,165||7,294|
|||15,165||7,294|
|||15,165||7,294|
|||15,165||7,294|
Page 5
**Madinah Academy Community Trust Balance Sheet (continued) As At 30 June 2023**
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
On behalf of the board
Mr Ilyas Akujee
Director
30/03/2023
The notes on pages 7 to 8 form part of these financial statements.
Page 6
**Madinah Academy Community Trust Notes to the Financial Statements For The Year Ended 30 June 2023**
## 1. **General Information**
Madinah Academy Community Trust is a private company, limited by shares, incorporated in England & Wales, registered number 13459249. The registered office is 19 Humphrey Road, Manchester, M16 9DD.
## 2. **Accounting Policies**
## 2.1. **Basis of Preparation of Financial Statements**
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
## 2.2. **Turnover**
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
## **Sale of goods**
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
## **Rendering of services**
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
## 2.3. **Tangible Fixed Assets and Depreciation**
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 15%
## 3. **Average Number of Employees**
0Average number of employees, including directors, during the year was: NIL (2022: NIL)
## 4. **Tangible Assets**
|.
**Tangible Assets**|||
|---|---|---|
||**Computer**||
||**Equipment**||
||**£**||
|**Cost**|||
|As at 1 July 2022|422||
|As at 30 June 2023|422||
||...CONTINUED||
Page 7
## **Madinah Academy Community Trust Notes to the Financial Statements (continued) For The Year Ended 30 June 2023**
|**Depreciation**
As at 1 July 2022
Provided during the period
As at 30 June 2023
**Net Book Value**
As at 30 June 2023
As at 1 July 2022
5.
**Creditors: Amounts Falling Due Within One Year**
Other creditors
6.
**Share Capital**|**2023**
**£**
690
**2023**
**£**|105
48|
|---|---|---|
|||153|
|||269|
|||317|
|||**2022**
**£**
690|
|||**2022**
**£**|
Page 8
## **Madinah Academy Community Trust Trading Profit and Loss Account For The Year Ended 30 June 2023**
|**TURNOVER**
Donations and legacies
**GROSS PROFIT**
**Administrative Expenses**
Voluntary costs
Books, Printing, postage and stationery
Depreciation of computer equipment
Sundries-Events
**OPERATING PROFIT AND PROFIT FOR THE**
**FINANCIAL YEAR**|**2023**
**£**
**£**
25,490
25,490
17,291
94
-
234
(17,619)
7,871|**2023**
**£**
**£**
25,490
25,490
17,291
94
-
234
(17,619)
7,871|**2022**
**£**
**£**
16,264
16,264
8,175
-
105
690
(8,970)
7,294|**2022**
**£**
**£**
16,264
16,264
8,175
-
105
690
(8,970)
7,294|
|---|---|---|---|---|
||||||
|||7,871||7,294|
Page 9