CFIARITY REGISTRATION NUMBIR.. 11911760 COMPANY REGISTRATION NUMBER.. 12716966 TALF.EM FOUNDATION Company I,imited by Guarantee Ilnaudited Financial Statements 31 July 2023
TALEEM FOUNDATION Table of Contents Page Tru$tee's annual report (incorporating the Directors, report) Indi'pendent examiner's report to the trustee5 Statemeht of fiDaDclal activities {includlng income and expenditllTe account) Blllollce sheet io Notes to the Fin8ncial Statements
T.4LEEM FOUNDATIO.N Trustees'Annual Report (incorporating the Dire¢tors' Report) for the year ended 31 July 2023 Thc trusiees. who are atso the directors for the PUTPOS¢S of company law, prcsent their r¢port and the unaudited findncial slatcments ot. the charitv for the year ended 31 $1 July 2023. The tru&te¢s havc takcn advaniag¢ of thc small compant¢b excmplion from prepariiig a Straiegi¢ Report. Reference and administrative detaits Registered chgrltv name: Taleem Foundation Charit), regi5trgtlOD number, 11987(4) Company registratlon numher: 1271 fi()66 Princip41 oifice and registered office: 21-23 Clarcncc Road, Grays, EbSLX, England. RMI 7 6QA The Trustees: Abdul Baty Muhammad Sami Sanaullah Md Azizur Rob Chowdhury Salt Quader Md Omar F4UquC SarkLr Companv Seeretary: Muhatnmad Sami Sanaullah Independent examiner". Mcer Julhds (ind Co 37 Grecn St, Londo E7 8DA
TALEEI Tr'OUNI DATION Trustees, AnDual Report (Incorporating the Directors, Report) for the jear ended 31 Julv 2023 (continued) Structure) gofrernance god mats4gemet Goveriiing Doewnenl The Charity is c0[Lqti1ed as a company limited by and is therefore governed by its ML'mornndurn und ArtiLliS of A%&ocialion in¢orpordted 3 July 2020 as amended by Speci rcsolution.% dat¢d.. 19 D¢cembcr 2021,. 2LI April 20?2.' and 4 May 2024. Owunizaiioiial s'lriiL'lure The direciors of the company are also cliarity tru&t¢cs for the PUTP)ses of charity law. The charity tN.8t¢C5 are respiin%ihl¥ for ihc &Lnerdl L(7nlrol and managLmcni of tlie ¢harity. Thc tni.SlLCS glyc thcir lime frccly and rccLiV¢ n(} rcmunLrution or linancial bcn¥li18, ThL tru%lcLS MLX'I log¢ther on a regular basi.4 and are rL'sponsibl¢ tor the StraicgiL dircction of thc Lharity. Thi day-Io&d&y manugcm¥nt of thL charity 14 ovLr5e¢n by the chicf exc¢utivc offi¢¢r, staly members and voluniccrs. Re¢n4iimeni fiiidAppoiiiiinent orr174siLe.Y Thc cxi.4linbl tru¥1¢Lq lfl. r¢%pon.%iblc for IhL recrui(mLnl dnd aprx>intsn¢ni of ncw Ini.4lees with input from advisor%, cummunity cld¢r.% and IcadLr%. The tn14tci.% bL.liLve that this dpproaLh cn4urL'S thai nLw trustee5 arr rc.4pccted membLrs of the I] Lommunily and ur¢ wid¢ly rL'Lo¥ni£Ld .1]1 bultdbly 4udlili¢d to ILdd tl?L Lhariiy. In .SLILLtii)gi ncw Itu%lees. w'L 4eek lo idLnlify peoplL wlio rcgularly aiiL'nd LVLllL% aiid funLli0114 oryaiii/.¥d by the Lhuriiy and iifL' willing to N'oliinicer to ddvdl)IL' tl)e ¥hIlY 5 ohjLclivcs. We take intn coL4ideralioii the person'y eli¥ibilily. P¢Tlional Lomp¢ienLC, IPLLialisi knowlcdge aiid skill.4. Indurtlon ond tralnlng of truy¢ees Following uppointmcnl. new iruslL'es urc introduced lo their new rol¢ and given ¥L)pics orth¢ M¢'morandum and Articl¥s of A%bo¢iation arid a ¥uidc to the p(Trli¢iLs and pro¢Ldures adopiLd by our Lharity. A number of publiLJlions from lh¢ chi]tY C-ommis%i(In are ¢ilsL7 proN ided inLluding' Ihc guidance (Trll Lhdriiies and puhlic benLfii and on the adi'anccment of rc11?1[1n lor Ihc publil bcnlfit. This cn.%un'.% ihdt ncw truslc¢% are aware of th¢ scop¢ of their re5pon.4ibilits'es under Ihc Charities Acl. Rlsk m&n4gement ThL Ins5tLLS have Liinductcd a revicw ()f il)e mdj()r risk% Iii wl)ILh Ihc charity 1% cxpo%ed. A risk matrix ha5 be¢n eslablishLd dnd is rei'iLwed and updaied on un annual t)d%i%, Wh¢re dppropriatc. Ny4lLms or proccdtsrLs have been ¢s¢ablilihcd io miiigalc Ihc risk the charity la¢ci. In particular. IliL Iru%lcLs Iiavc Lnsurcd tha¢ thL ppropriatc insurance ¢i)ver is in plac¢, bealth and saf¢ty proccdurcs arc implcmenicd. finunci#l forttusts arc rcb?ularly revicwed. and DBS chccks are mdde for any statTm¢mber% working wilh childrL'n or i)ihcr vulncrnblc groups.
TALEEIII FOU.NDATIO.Y Trustees, Annual Report (Ineorporatlng the Directors, Report) for the >'ear ended 31 Jul) 2023 (eontinued) Objectlies and actiiities T11¢ objects diid principal (Ictivities of the charity are sel OLIt in thc charity's Memorandum of Asso¢iation and are summari7.ed &s fnllows.. 4. The charity's objecis I'objcct'l arc for thc pubic bcn¢fii.' 4.1 to advance in lifc and rclicvc th¢ nccds of childrcn and young pcoplc aged up to 25 with a fo¢u% on thosc who are %o¢iully and eL'onomically diqadvanlag¢d ihrou8h'. 4.1. I providin&Tr supp()rt and a¢tivilie.4 which dcvLlop their skills, capaciii¢5 and capabilitics to enable them to participa1¢ in SOCi¢lv as maiurL and responsiblc individuals; 4.1.2 advanciiig cducalion Il)rough the provisi()n of low-cost supplemeniary education and Ldue¢ltional suppi)n. 4.? the provision of rc¢rcational dnd lei%ure tim¢ a¢iiN'iiiL% provided in the ini¢rc%i of M)¢ial welfarc, designed lo impr(Trve thL' conditions of lifL of thi wid¢r Lummuniiy. 4.3 to adi'dnLe lhe 1slamiL fdiih in pani¢uldr bui not exLlusivcly for Iho%L memtK'rs of lh¢ public who are Musliinb ihrnuyh., 4.3.] Ili¢ provision of ilitiL% for wor%hip, prayer and the cLl¢braiioii ofislamic r¥ligious fe4lii'als.' 4.3.2 fosl¢ring underb141ndinbJ dnif pron?oliug b¢)ud r¢lÉilion.s betweLI) PL'r4ons of all faith5 or none. In d¢iLmiining Ihc mean.% by which the ¢h¢Wity achicves it&. objLCts. th¢ truslces has'c had r¢8ard to th¢ guidancc on publiL 'nefit issued by the C'.harity Comini&sion. Use of volunteer8 Volun1r4 df¢ dn imponani rebource in both our faiih and coinmunity work. Wc en¢(Triirdge ull bcnefiLiari¢s ofour ern'iL¢S t() be involved in voluntsry activities and to 4harc ihL'ir skills. All of our vulLiniL*rs give thLir limc frccly, as do Ihc IrustL¢.¥. Achlevenienti and performance Yoiiili c.Iiih.F.' We sei up youth club,5 for both younbl boys tthd yirls which were attcnded by at le&%r 30 young pcoplL who cnjc)ycd variou.% actll'llics including Playsiation, Idblc Icnnis and Ioo?sbdll. ThLy also nycivcd infomlal mcnli)r%hip ajid lifc %kills irainin¥ on moii¥y mandgLmcnt. rSonal effccliv¢ness and organizalionHI skills. Homework club.. At weekends attd during school holidays, we Organized homcwork clubs which w¢rc supported and supcrviscd by volunteer iutors. and at leust 30 youn& peoplL attended thL.se ¢lub%. Prayers ondfeslival.Y.' WL organized Friday prdyers, Eid prayers and Eid celebration evenis whi¢h w¢r¢ attended by uvcr 400 pcoplc i)n a regular bd41S. Ileulili ('lie('kiii?.f.' Wc organized fre¢ hcdlih chcckups and ¢onsultation¥ wilh the &%sIstCe of Yolunl¢er GP.s. As part of this wc h¢ld seminars lo raise dwar¢n¢.ss of the importance of maintaining a hcalthy lif¢6tylc. Iniedaith eFYni.f.' W¢ organized interfaith cvents including tftar meals during the month of Ramadan. Th&'y was utlendcd by local community leaders and h¢lped promote go( rL.lalions.
TALEEI FOUNDATIO,N Tru5tees' Annual Report (Incorporating the Director5, Report) for the >ear ended 31 Jul). 2023 {continued) Fowili. ei'eFIts.' Wc organi7.Ld ei-enls suLh Ilq fun days and BBQS which were allcnd¥d by ov¢r 50 l#milic%. Wc orgaiiiz¥'d parcni and toddler groups which lillowed new Pdrent.g lo connect with ¢ach other. Financlal review Re.ienie.i i)oliciy Th¢ tru4tCCS dim to huld enough fund% tu m¢¢( twu months. opLratin¥ Losts of thL chdrily, in ord¢Y to MLLI any unforcbLLII Lxpenditur¥ Ilidi may OLLur. The iru51¢L% notLd dial Ihci'L was cash ai bank L)f£4k in unrcsiriclLd fuiid%. Thc tru5teeti acknowledged that thc Lharity was %till in a n4L5CCnt pha.sc and morc ¢ffoft is rL4uir¢d to build rcgtslar and divLr4ifi¢d in¢om¢.%trcams. and fundg would need io be raiscd to piir¢ha%¢ thc prcmi¥i"S. Princ'ipol/iiKding.¢i)iiree.¥ Th¢ charity's tnuin sourc¢ of incomc is public donations. This is primarily obtuined through fundraitsing ¢venls and recurring monihly donalion.i. The charily 1% registervd tor bpifi aiii. ThL charity did noi rcccive an). granis during IhL year. The majority of the inLome is applied agdin4t rental expcn?ie$ and.slatYcosls. Jnvtpgiiiiciiipoli¢v obJccrive.¥ Th¢ chdrity hds no lon¥-IL'n7J invesimenis. All funds ar¢ held in Lurrent or 4avin&?S JCLvunts under rqiutsbl¢ high i+lrcel bankti. Any ca%h donatiotL4 are prompily ¢ouniid aiid dLpo%ilcd ic rLbTulur bd.%i%. Pl#n% for the future The Irus1¥¢% will ci)niinuc to ¢xplorc ways io pur¢hase the premises and in¢rcas¢' thc numbcr of activiti¢s uffcred by Ihc charity in a financially sustuindblL manncr.
TALEEM FOUNDATION
Trustees, Annulll Report (In¢orporAting the Directors, Report) for the year ended 31 Jul), 2023
(continued)
Statement of Trustees, responslbillties
Thc trusices (who are also dir¢ctors of Taleem FoundaiiDn for th¢ purposes of conipany lawl arc respon%ibl¢ for
prtparing the Trusice.%' Annual Report and the financial stdtements in accordance with applicable law and lJnited
Kin¥dom Ac¢ounLii)g Standards {Unitcd Kingdom Generdlly Accepted Accounting PrActicel.
Cumpdny law requires the IrusleL'5 Iv prepare financidl slulem¢nt5 for ¢ULh finJnLidl ycar. whiLh give u tniL ttnd fair
view uf (he state of affatr¥ of thL chari10ble Lompai)y and of the inconiing resourLe% and dppliLJtion of r¢.sour¢es.
incliidillgp the in¢om¢ and cxpenditurc, of th¢ charitable company for that pLriod. In prcprtrii?g these financial
StatemLnl%. Ihc tnJ%tccs twe rcquired io..
cl¢cl Iuildblc d¢Lounting poli¢ici and then apply thL'iii ¢on%i4lenily',
observe IIIL metliuds arid priiiciplcs in il)L ChatiliL4 SC)RP IFRS1021,'
makL judgments lind L'slimdlL% th41 arc rL'dsvndblL prud¢n¢',
slate whciher applicable accounting standards have bLcn tolluwed, &ubjcLI to Imy material departure$
discloscd and cxplain¢d in the finan¢ial siaiemcni.g,' and
pr¢parL Ihc fJnan¢idl 8ldtcm¥nts on the going concern bdSi% unless it 124 not appropriat¢ tu asbumL that
Ihc Lhariknbl¢ Lompany will L(Fnlinue in 0ratIon.
The Bodrd of TruslLes is wpon5ible fur kLx'piiiM ad¢quat¢ accounting rLYc)rd%' th¥1 dii¢losc with rea%on8ble
dLLuf
TALEEM FOUNDATION Independent Eiaminer's Report to the Trustees of Taleetn Foundation (the Compan!.) for the vegr ended 31 July 2023 I report to ihe ¢harity tnte¢S on my examination of thL uccounts. of the Company for ihc y¢ar ended 31 July 2023. Re5poDsibllities and basis of report As thc chariry's tru%tce% of the C'ompany land also its director5 for the purpos¢s of company law) you are riSJ)onsible for rhe prepardtion of th¢ accounts in accordancc with th¢ requiretnenl of the CompleS Act 2006 ('the 2006 Act.). HaIng.alJSFied mysclf thai the accouncs of thc Company ar¢ noi requiied io bc auditcd und¢r Part 16 of the 2006 Alt and arL cliLFiblc lor indcp¢ndcnt examindrion. I rcport in rc&pL¢I of my cxamination of your charity's accounts as Larried oui under section 145 of the Charities Act 2011 {'Lhc 2011 A¢t'). In carrying out my examination I have follom'ed thL Diwtions givcn by the Charity Conmiis%ion under scciion 145{51 Ibl ()f the 201 I ALL Independellt examiner'5 Statemen¢ I liavc completLd Iny eXinatiOn. I confirm that no matter4 have come lo my attention in connwtion witli thc exatniiiatlll giK'in8 me cause to believc.- l. dLeounLing r¢'cord5 wcrc not kLpt In rcsp¢¢t of the Compamy as rLquircd by scction 386 of th¢ 2006 Act,. or 2. th¢ acLounis do not accord '1th those records.. or 3. the accounts do not Comply with Ihe accounting rcquirernent5 of seciiDn 396 ofihe ?006 A¢1 other th aiiy requircment th< the accovnts give a 'true and fair view wbi¢h is not a iJallLr Co%1CrEd as part of dn independcnl examinatioii,. or 4. the acLtiUllts have not been prepared in accordance with the m¢thods and principlcs of the Statement of Recotnmended Practice for aceounting alld rerKbrting by Lhariiieb applicabl¢ to chJriliLb prcpdring thcir a¢cowits In accordallcL w'ith the Financial Reporting Standard applicable in the UK and Republic of Ircland IFRS 1021. I lidvc Iio LoiicLms alld hav¢ conic aLross no oiher matters in coniicction with the examiiiation lo which dtt¢ntion should bc drawn in this report in order to enable # prop¢r understandiiig of the a¢¢ounts to be reached. Signed.. Name-. Mccr Julhas Hos.sain IFCCA. FAIAI MeerJulh&4 & Co, .4ddr¢s5' 37 (irLeJ) St. London. E7 8DA Dale.. 05 Scptember 2024
fn O O 4 C
TALEEM FOUNDATIO,N Balance Sheet as at 31 July 2023 2023 202? Noies FIXED ASSETS F'ixtures. fittinES and CaUiDment CLIRRENL T ASSETS Debiurs Amounts rling du¢ within one vear Amount5 fallinR duc aftcr oiie vcar Ch at bank and in hand 14.500 14.63.1 18.596 CREDITORS: 0nts falling duc within one vedr 123.8681 132.8281 NET cuRRE'T ASSETS (LIABILITIES) 15.272} 117,4711 TOTALASSETS LF.SS CIJRRENT LIABII.ITIF..S 7.176 (15.2211 NET ASSETS 7,176 115,??1) FLryDS OFTHE CHARITY Unresirictcd fund 7.176 (15.221) Total funds The charitdbll CoMp]Y its cnlitlcd io Lxcmption from audit under ScL(ion 477 of th¢ Companies ALt 2006 fur the year cndcd .30 Jul). 2013. The mcmbers hd¥¢ not r4uired th¢ company lo obtsin audit of its financial stotcm¢nts for ihc yLar cnded 30 Jun¢ 2023 in a¢iordan¢c with Section 476 of the Companies Act 2006. Approved by thc trustce% on daic and signed on thcir bchalf by.. Sdifouiidcr Tnistee Dale.. 05 Septetnber 2024 Charity DO.: 1198760 Company no.: 12716966
TALEEI FOUNDATION Note5 to the financial statement5 l. Ac¢ountlng Policie$ .1 B45is of prepargtltsn of aceounts Th¥ charitablL company is a publiL bcntifil enlily as dLfin¢d by FRS 102. and the fIn4ClaI staiemcnts hav¢ b¢en prcparld iii accordanLe with the SiatLmcnt of R¢L()mmLnded Prdclicc appli¢ablc 10 charitics prcparing their accounts in accordanc¥ with Ihc FinclaI Reporting Sialldard applicable in the UK (C.haritie% SORP {FRS 1021). dnd IhL' Compdnics Aci 2000. ThL finanLial slalcm¢nt& are prepared Dn a going? concern b&sis under the historic cost convention. Th¢ fIne]81 statcmL'iits are pi¢par¢if in pound sterling wliich is the funcrional ¢urren¢y of thc charity. The chariry 14 noi larg¥ enciugh tu re4uifL J Stsi¢mLIII Urch Flows. The priniipal aLcaulliin8 poli¢ics applied in the preparatinn Of ihese finan¢ia] slatemenl.s are set out below. .2 Cioing concern ThL tru%lLLS hav¥ rLvi¢wed ¢a4hllow forccasi.s aiid have d rca%onablc cxpLLluiion thai ihi Lharity h&% adequutc rc%ourcL's In LoniinuL for Ilic forL%¢edbl¢ fulurL. bcin¥ rwelvc Inuiiihs from ¢hL dpprovJl ofih¢ financiat ststcm¢nl.q. Thl financial Sidl¢mcnis hai'l ihLrcfore bLYn prLpLd on a gYL)inbv con¢Lrn ba4is. .2 Fund ac£<>untln UnrL%lricted funds comprise those fvnds. which Ihe tlIL'e4 arc free to Uls¢ f()r any purpv4es in funh¢rance of ihe l)aritdbli (IbJ¢Lts. UnrL%IriLied fund5 inLILidi dL%i¥lldlLd funiL% w13LfL th¥ IruslLL%. ul IhLir di.%Lretiun, havc sci aside rL&ourLe$ for ft spccifie purpose. Restri¢icd funds ¢irL fimds which urL ILI bL iii Jii(?rdaiicc with spccifi¢ rcslrictii)ns impoicd by the dnnor. IJ In¢omln% resourees All incDminbp r¢Nource.4 arL includ¢d in ihL Stytement of Financial Activity ISOFAI when th¢ Charity 18 legally cnliilid to Ihc in¢omc aftcr any perforn)¢m¢e condition.s have beLn mct. Ihe am()unl Lun bc mLU.%urcd reliably il is probablL that the Income will bc reccivcd. Thc fallowing specific poli¢i¢s arc (Ipplicd ¢0 particular LaiLg)(?riL5 or inLum¢.' InLomc from doi)alion4 or grant% Is rcLQgnlZLd when (hire is ¢vidcn¢c of Lniitlcmeni lo the gwjft, receipt 15 probablL and il& amouni bc tncasuTLd rLliably. RLntal incom¢ is rccugni7.cd when Ihe charity'% right io rccciv¢ puymLlli is esttlblished. 1.4 Re%ourcts expendcd All Lxpendilure 1% dCLUUntL.d for on an accruals ba.%i% wiihin ¢hL Siatemeni of Financial Activity l%oFAI. and ha$ bLcn ¥ld%sifiLd undcr h¢adinbTS Ihal dggrcgatc dll Los15 rcldtcd to ihat caiLgury. ExpLiiditure is reLogniLed (Trnce ther¢ is a le¥ul or ¢onstruciivc obligation to makc pdymLllis lo a third particy, il is probdblc Ihut s¢itlcmcnl will be required and the amount of IhL obligation can be m¢a%urcd reliably. Input VAT Ilmt connot be cluitned is included in Ihe c()%1 to which il relaie5. Rental4 payable and Icase incentives und¢r operating lea.8 ar¢ ¢harged to the SOFA on a straight-linc basis over th¢ led&e Icrni.
TALEEI FOU.NDATION Notes to the financial statements (Continued) .5 Tangible Ilyed 8ssets and depreclation Individiial fixcd a.%%Lts costing £500 or njorc are capitali7ed at cost. and are staled in the accounts at co81 ILSS deprcciation. Depreciation 1% calLulated to write off the co%t less their cstimaiLd rcsidual value, ovcr their cxpectcd Useful lives followb.. Furniture, fLXtures and fittittgs {5 years) 1.6 Cash at bank and in haJ)d All highly liquid instrumcnts with an original maturity of three months or less are classified as cash cquivalents. 1.7 Debtors Short- 1 long-lcmi debtor% are measured at transaction price, l¢ss any iinpairni¢nt. Pr¢paymellts arc Tr'alued at the dmi)uni prepaid net of any discounts due. 1.8 Creditors Short ILrm Irddc creditors ar¢ measurcd at th¢ transaction pricc. ACCnlS ar¢ value al rhc net cost. Icss any discounts offorcd. J.Sl Loans aud borrvTrvings Loans and borrowiDg8 are initldlly recognized ai thl tran%action pricc. inclttding transaction ¢05ts. Privale loan.4 or Qard Hasanah dre iniLrcsi frec loan% from thc charity'5 beneficileS and are rccooniztd hen rcLcivedlpaid and rcuL)rded under lidbili(itrs due within unL year dn(Vor mor¥ Ihdll onc yLar, depcnding on thL underlying Lollirdcl. FRS I O? requircs lottg-tem) intercst free Iodn_% Eo bc 51atcd dl thcir present i'aluc. [ffLctlLlY this would Icad lo loan dmounlg 4tatcd in thc account% bcing lowcr than thc actual amounts payable in ihe future. This has thc poicntial io onfus¢ thc charity's stakcholdcr5. and as such ihe trnstccs have opted not to follow FRS102 treatmeni for thcs¢ loan.%. 1.10 Prol'isions Proi'isions are rccogni£cd when the ChltY has an obligalion at th¢ balance shcei daic as a result of a past eveni, it is probable that an outflow of economic bcnefii will be r¢quired in settlemcnt and Ihe amowit can bc reliably mea%ured. 1.11 Taxatio The cliarity is an Lxempt charity with thc meaning of gth¢dule 3 nf the Chartties Aci 2011 and is Considered to pass the Tes1. Sei ou( in Paragraph I Schedule 6 Findnce Act 2010 and therefore il mceLq Ihc dcfinition of a chariiable company for U'K corporation tax purSLs. 1.12 Judgements and key somrces of estimation uncertainty ThL preparation of the findncial siatements requires management to make judgements. estimates and assumptions that affeLI IhL am()unt8 reponLd. These cstimate% and judgLments are c()ntiniidlly rcviewed and are based on expLricnce and other factorts, IDcluding expLctatioDs of fuiurc cvenis thai are bclieved to be reasonable und¢r the circumstances.
TALEEM FOLI,NDATION Notes to the financial statements {continued} 2. Le2415tatus of the charltv Thc ChIry a cninp(Iny limitLII by guardnte¢ and l)&$ no shar¢ capital. In thc Cvent of thL charily being wound up. Ihc liabiltty in rcxpccl of thc guaranlcc is litnitcd io £111 tor cdcli mcmbcr ol Ihc charity. 3. Staff Co$t$ 2023 2022 and salaries Social 4ecurity CO%is 19,594 22,282 19.594 22,282 AvLrage numher iTrf empl(iyces Empli)y¢x'% paid in ¢XCLSS of£60,000 Thc Itle4 nLlther rcccivLid nor wai%cd any remuncration diirin8 IhL year12022.. £nill. ThL Iriisl¢es did not havc ony cxpcnse4 reimbursed durin8 ihe ycar {2022.. £nill. The chariiy do¢4 nol opcrdtc any p¢nsion %chcine for its. LmplnyLY%.
TALEEI FOUYDATION Ilotes to the financial statements (continued) 4. Tangible Fixed Assets Firiu.¥.fIrIlng. upjd Ji4rniture Toitsl Cost: At l August 2022 Additions 2.376 12.417 12,417 14.793 14.793 2.376 Ai 31 July 2023 Depre¢iation: At l August 2022 Chdrgc for thr year Ai 31 July 2U23 126 1?6 2.219 1.345 2.219 Net ht)tsk value: At l Augusi 7022 2.250 At 31 July 2023 12,448 12.448 5. Debtors o) oniouni.sfollirtg due af¢er one kEar 2023 Other d¥biors 14,500 14,633 14.633 14,500
TALEEM FOUN'DATION IYote5 lo the financial statemejjts (continued) 6. CdItorS aj upnotsnlsfalling due withill one vear 2022 Other iaxation and social security Def¢trcd income PriN'ate loans- Qard Ha5anah Accrual.% 339 927 800 21.779 950 24.860 350 Other 6.691 3),8?8 23.868 7. An2ly515 of Charitable funds Analysls of fund mosements Inc'f)ming re.soupres Re.fnurc erpended BalaNc'e b/fvd Fundc/fvd Unre51r5dtd Funds Ut]rc%triLtcd gLn¢ral funds Ti)tal (15.221) 115,221) 109.427 187.030) 187,0301 7,176 7,176 109.427 8. Analvsis of net 8s$els betlieen futtds Anal)sis of fund moTrements Opiff5trictedfund.f Re3iric'igdfun& Total as ai July 2023 Fixed asseLq 12,448 18,596 (23,868) 7.176 12.448 18,596 (23,8681 7.176 Curreu¢ &sscls Current 123bilities Total net asset5 9. Miscellaneous Th4 charity benefiti¢d from work performed by volunteers. The eniity did nr)t cngab7e in grani makL'ng aLi,1ty during lh¥ ycar. Th¢ cntity had no LOT]tingellt lidbiliiies as at 31 July 202312027: nill. There are Do bignificani evLnts afier thc reponin& period. Fe&4 PdydblL tTr Ihe ind¢pendent examiner for IhL vcar cnded .1 l July 2023 15 £600 (2022. nil)-