Charity number: 1201370
AL AMEEN FOUNDATION
Trustees' report and financial statements
for the year ended 31 August 2023
AL AMEEN FOUNDATION
Contents
| Page | |
|---|---|
| Legal and administrative information | 1 |
| Trustees' report | 2 - 3 |
| Independent examiners' report | 4 |
| Statement of financial activities | 5 |
| Balance sheet | 6 - 7 |
| Notes to the financial statements | 8 - 11 |
AL AMEEN FOUNDATION
Legal and administrative information
Charity number 1201370 Business address 447 Warwick Road Tyseley Birmingham B11 2JR Registered office 447 Warwick Road Tyseley Birmingham B11 2JR Trustees Abdul Quadir Saleh Syed Kofil Ahmed Mohammed Akikur Rahman Moin Uddin
Accountants RUS Chartered Accountants 1190a-1192 Stratford Road Hall Green Birmingham B28 8AB
AL AMEEN FOUNDATION
Report of the trustees (incorporating the directors' report) for the year ended 31 August 2023
The trustees present their report and the financial statements for the year ended 31 August 2023.
Structure, governance and management
Governing Document
The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity.
Organisational Structure
The Charity has a management committee who has overall control and responsibility for policy and major decision making and all members of the committee are trustees. Day to day management and responsibility for implenting policies is carried out by the trustees on a voluntary basis.
Membership of committee is open to all individuals over 18 years of age who are approved by the trustees. The trustees must accept applications for membership unless they consider that it would be in the best interets of the charity to refuse the application.
Risk Management
The trustess have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
Objectives and activities
Financial review
Financial Performance
The incoming resources were £462,587 for the year ended 31st August 2023. The outgoing resources totalled £463,458.
Statement of trustees' responsibilities
The trustees are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice.
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and which enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
AL AMEEN FOUNDATION
Report of the trustees (incorporating the directors' report) for the year ended 31 August 2023
On behalf of the board
_ _ _ _ _ _ _ _ _
Director
Date: _ _ _ _ _ _ _ _ _
AL AMEEN FOUNDATION
Independent examiner's report to the trustees on the unaudited financial statements of AL AMEEN FOUNDATION.
I report on the accounts of AL AMEEN FOUNDATION for the year ended 31 August 2023 set out on pages 2 to 11.
Respective responsibilities of trustees and independent examiner
The charity's trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 43(2) of the Charities Act 1993 (the Act), as amended by section 28 of the Charities Act 2006 and that an independent examination is needed. It is my responsibility to examine the accounts under section 43(3)(a) of the Act, as amended; to follow the procedures laid down in the General Directions given by the Charity Commission under section 43(7)(b) of the Act, as amended; and to state whether particular matters have come to my attention.
Basis of independent examiner's statement
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
(i) which gives me reasonable cause to believe that in any material respect the requirements:
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to keep proper accounting records in accordance with laws; and
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to prepare accounts which accord with the accounting records, comply with the accounting requirements and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities
have not been met; or
- (ii) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
...........................................................
Raza Samar
ICAEW
Independent examiner
1190a-1192 Stratford Road Hall Green Birmingham
B28 8AB
AL AMEEN FOUNDATION
Statement of financial activities (incorporating the income and expenditure account)
For the year ended 31 August 2023
| Unrestricted funds Notes £ Incoming resources Incoming resources from generating funds: Voluntary income 2 462,587 Total incoming resources 462,587 Governance costs Wages 317,591 Staff costs- Employers NIC 11,116 Staff costs- Teaching 8,606 Trustees - Pension contributions 3,984 Trustees - Other benefits 155 Establishment costs 63,059 Professional costs 42.112 Office expenses 2,288 Subsistence costs 1,397 Interest - Bank loans & overdraft 1,554 Waste Management 1,059 Inspections 7,028 Uniform costs 270 Depreciation and impairment 82 Bank charges 482 Cleaning costs 512 Research & development costs 330 Travel & accommodation 1,833 Total resources expended 463,458 Net incoming/(outgoing) resources for the year / Net income/(expense) for the year - Total funds brought forward 28,347 Total funds carried forward 27,476 |
Year ended 31/08/23 Total £ 462,587 |
|---|---|
| 462,587 | |
| 317,591 11,116 8,606 3,984 155 63,059 42,122 2,288 1,397 1,554 1,059 7,028 270 82 482 512 330 1,833 |
|
| 463,458 | |
| - 28,347 |
|
| 27,476 |
The notes on pages 8 to 11 form an integral part of these financial statements.
AL AMEEN FOUNDATION
Balance sheet as at 31 August 2023
| Notes Fixed assets Tangible assets 8 Current assets Cash at bank and in hand Creditors: amounts falling due within one year 9 Net current assets Net assets Funds 10 Total funds |
31/08/23 £ £ 329 95,828 95,828 ) (68,681 27,147 27,476 27,476 27,476 |
31/08/23 £ £ 329 95,828 95,828 ) (68,681 27,147 27,476 27,476 27,476 |
|---|---|---|
| 27,476 | ||
| 27,476 | ||
| 27,476 |
Date: _ _ _ _ _ _ _ _ _ _
The Balance Sheet continues on the following page.
The notes on pages 8 to 11 form an integral part of these financial statements.
AL AMEEN FOUNDATION
Balance sheet (continued)
Trustees statements required by the Companies Act 2006 for the year ended 31 August 2023
In approving these financial statements as trustees of the company we hereby confirm:
(a) that for the year stated above the company was entitled to the exemption conferred by section 477 of the Companies Act 2006 ;
(b) that no notice has been deposited at the registered office of the company pursuant to section 476 of the Companies Act 2006 requesting that an audit be conducted for the year ended 31 August 2023.
(c) that we acknowledge our responsibilities for:
(1) ensuring that the company keeps proper accounting records which comply with section 386 of the Companies Act 2006, and
(2) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit or loss for the year then ended in accordance with the requirements of sections 394 and 395, and which otherwise comply with the provisions of the Companies Act relating to financial statements, so far as applicable to the company.
These financial statements are prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
The financial statements were approved by the board on 20 October 2024 and signed on its behalf by
Director
The notes on pages 8 to 11 form an integral part of these financial statements.
AL AMEEN FOUNDATION
Notes to financial statements
for the year ended 31 August 2023
1. Accounting policies
The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year.
1.1. Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Statement of Recommended Practice 'Accounting and Reporting by Charities' issued in March 2005 (SORP 2005) and the Companies Act 2006.
1.2. Incoming resources
All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
Voluntary income is received by way of grants, donations and gifts and is included in full in the statement of financial activities when receivable. Grants where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.
Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included.
Gifts donated for resale are included as incoming resources within activities for generating funds when they are sold.
1.3. Resources expended
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of trading for fundraising purposes including the charity's shop.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
1.4. Research and development
Research expenditure is written off to the profit and loss account in the year in which it is incurred.
1.5. Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
- Fixtures, fittings and equipment 20% reducing balance
AL AMEEN FOUNDATION
Notes to financial statements for the year ended 31 August 2023
2. Voluntary income
| Donations Student Fees University funding Council funding Sponsorship |
Year ended 31/08/23 £ 17,584 310,770 4,316 129,767 150 462,587 |
|---|---|
3. Net outgoing resources for the year
| Net outgoing resources for the year | |
|---|---|
| Year | |
| ended | |
| 31/08/23 | |
| £ | |
| Depreciation and other amounts written off tangible fixed assets | 82 |
4. Employment costs
| Wages and salaries Social security costs Staff Training & other benefits |
Year ended 31/08/23 317,591 11,116 7,668 |
|---|---|
| 299,714 |
5. Trustees' emoluments
| Remuneration and other benefits Number of directors to whom retirement benefits are accruing under a money purchase scheme |
Year ended 31/08/23 £ 4,139 |
|---|---|
| - |
AL AMEEN FOUNDATION
Notes to financial statements for the year ended 31 August 2023
6. Pension costs
The company operates a defined contribution pension scheme in respect of the employees. The scheme and its assets are held by independent managers. The pension charge represents contributions due from the company and was as follows:
| was as follows: | |
|---|---|
| Year | |
| ended | |
| 31/08/23 | |
| £ | |
| Pension charge | 3,984 |
7. Taxation
The charity's activities fall within the exemptions afforded by the provisions of the Income and Corporation Taxes Act 1988. Accordingly, there is no taxation charge in these accounts.
| Fixtures, | Fixtures, | ||||
|---|---|---|---|---|---|
| 8. | Tangible fixed assets | fittings and | |||
| equipment | Total | ||||
| £ | £ | ||||
| Cost | |||||
| Additions | 411 | 411 | |||
| At 1 September 2022 and | |||||
| At 31 August 2023 | 411 | 411 | |||
| Depreciation | |||||
| At 1 September 2022 | - | - | |||
| Charge for the year | 82 | 82 | |||
| At 31 August 2023 | 82 | 82 | |||
| Net book value | |||||
| At 31 August 2023 | 329 | 329 |
| 9. Creditors: amounts falling due within one year Bank loan Pension fund loan Other taxes and social security Accruals and deferred income |
31/08/23 £ 37,500 7,946 22,035 1,200 |
|---|---|
| 68,681 |
AL AMEEN FOUNDATION
Notes to financial statements for the year ended 31 August 2023
10. Analysis of net assets between funds
| Unrestricted funds £ Fund balances at 31 August 2023 as represented by: Tangible fixed assets 329 Current assets 95,828 Current liabilities ) (68,681 27,476 |
Total funds £ 329 95,828 ) (68,681 27,476 |
|---|---|
AL AMEEN FOUNDATION
The following pages do not form part of the statutory accounts.
AL AMEEN FOUNDATION
Detailed statement of financial activities
For the year ended 31 August 2023
| Year | ||
|---|---|---|
| ended | ||
| 31/08/23 | ||
| £ | £ | |
| Incoming resources | ||
| Incoming resources from generating funds: | ||
| Voluntary income | ||
| Donations | 17,584 | |
| Student Fees | 310,770 | |
| University funding | 4,316 | |
| Council funding | 129,767 | |
| Sponsorship | 150 | |
| 462,587 | ||
| Total incoming resources from generating funds | 462,587 | |
| Total incoming resources | 462,587 | |
| Resources expended | ||
| Costs of generating funds: |
AL AMEEN FOUNDATION
Detailed statement of financial activities
For the year ended 31 August 2023
Year ended 31/08/23 £
Governance costs
| Staff costs - Wages & salaries Staff costs - Employer's NIC Staff costs - Teaching Trustees - Pension contributions Trustees - Other benefits Establishment - Rent Establishment - Rates & water Establishment - Light & heat Establishment - Repairs & maintenance Establishment - Insurance Establishment - Purchases & direct costs Professional - Accountancy fees Professional - Subscriptions Professional - Courses Professional - Legal fees Professional - Advertising Office expenses - Communication & IT Office expenses - Printing, postage & stationery Subsistence costs Interest - Bank loans & overdraft Inspections Uniform costs Bank charges Cleaning costs Research & development costs Depreciation & impairment Travel & accommodation Waste management Other expenses Total governance costs Net incoming/(outgoing) resources for the year |
317,591 11,116 8,606 3,984 155 35,880 5,007 4,493 12,670 3,015 1,994 3,000 11,311 18,058 5,456 4,287 965 1,323 1,397 1,554 7,028 270 482 512 330 82 1,833 1,052 7 |
463,458 463,458 ) (871 |
|---|---|---|