Charity number: 1203622
Rushd Academy
Trustee's report and financial
Statements for the year ended
31 December 2024
Rushd Academy
Contents
| Page | |
|---|---|
| Legal and administrative information | 1 |
| Trustees report | 2-3 |
| Statement of financial activities | 5 |
| Balance sheet | 6 |
| Notes to the financial statements | 7 -8 |
Rushd Academy
Legal and administrative information
| Charity number | 1203622 |
|---|---|
| Business address | 1A Lockton Close |
| Ardwick | |
| Manchester | |
| M1 7JG | |
| Trustee | Murtaza Hasan |
| Muhammad Jameel | |
| Javad Hussain | |
| Bankers | NatWest Bank |
Page 1
Rushd Academy
Report of the trustee
for the year ended 31 December 2024
The trustee presents this report and the financial statements for the year ended 31 December 2024. The trustees who served during the year and up to the date of this report are set out on page 1.
Structure, governance and management
The Charity is constituted under 1998 constitution registered with the Charities Commission under Number 1203622. The Trustees have responsibility for the overall management and operation of the charity.
Objectives and activities
Objectives and aims
We aim to provide diverse facilities for communities in Greater Manchester. The services include; to establish a Maktab system of education for Muslim children and adults, to establish a community centre(s) to provide facilities for social welfare including recreational activities for local communities in particular engaging young children, to establish place of worship & organise social events, providing chaplaincy services to hospitals & prisons; carrying out marriages and funerals, and arranging events to create harmony and better understanding among communities.
Achievements and performance
Charitable activities
The charity is conducting weekly Arabic/Quranic classes delivered by an experienced qualified Mua’llim (teacher) for adults for the time being. Also, providing chaplaincy and counselling services as and when required. More classes and services will be added once we have managed to secure a premises for the community centre. All these activities and services are 100% free to the community.
Charity is actively looking for a building to establish its presence in the community.
Page2
Rushd Academy
Report of the trustee
for the year ended 31 December 2024
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 Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of charity and of the incoming resources and application of resources of the charity for that year. In preparing these financial statements the trustees are required to:
select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity 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 charity and enable them to ensure that the financial statements comply with the Charities Act 1993 and the Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other
On behalf of the board
09 October 2025
Javad Hussain
Trustee
Page3
Rushd Academy
Independent examiner's report to the trustees on the unaudited financial statements of Rushd Academy
Not Applicable – go to next page
Page4
Rushd Academy
Statement of financial activities
For the year ended 31 December 2024
| Notes Incoming resources Incoming resources from generating funds: Voluntary income 2 Total incoming resources Resources expended No expenses paid |
Unrestricted Funds 2024 Total 2023 Total £ £ £ 3,695 3,696 2,180 |
|---|---|
| 3,695 3,696 2,180 |
|
| - - - |
No expenses paid
| Total resources expended Total funds brought forward Total funds carried forward 4 |
- - - |
|---|---|
| 2,180 2,180 - |
|
| 5,875 5,876 2,180 |
The notes on pages 7 to 10 form an integral part of these financial statements.
Page5
Rushd Academy
Balance sheet
| as at 31 December 2024 Notes Fixed assets Tangible assets Current assets Debtors Cash at bank and in hand Creditors: amounts falling due within one year Net current assets Total assets less current liabilities Creditors: amounts falling due after more than one year Net assets Funds Unrestricted income funds Total funds |
2024 £ - - 5,875 |
2024 £ 5,875 |
2023 £ - - 2,180 |
2023 £ 2,180 |
|---|---|---|---|---|
| 5,875 - |
2,180 - |
|||
| 5,875 - |
2,180 - |
|||
| 5,875 | 2,180 | |||
| 5,875 | 2,180 | |||
| 5,875 | 2,180 |
The financial statements were approved by the board of trustees and signed on their behalf by
09 October 2025
Javad Hussain Trustee
The notes on pages 7 to 10 form an integral part of these financial statements.
Page6
Rushd Academy
Notes to financial statements for the year ended 31 December 2024
1. Accounting policies
The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and the preceding year.
1.1. Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Statement of Recommended Practice 'Accounting and Reporting by Charities' issued in March 2005 (SORP 2005) and the Charities Act 1993.
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.
Fundraising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities.
Support costs are those costs incurred directly in support of expenditure on the objects of the charity and include project management.
1.4. 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:
Land and buildings Not depreciated Fixtures, fittings and equipment - 15% Reducing balance Motor vehicles 25% Reducing balance
Page 7
Rushd Academy
Notes to financial statements
for the year ended 23 November 2024
1.5. Defined contribution pension schemes
Charity do not have any pension scheme.
| 2. Voluntary income Donations |
Unrestricted Funds 2024 Total 2023 Total £ £ £ 3,695 3,695 2,180 |
|---|---|
| 3,695 3,695 2,180 |
3. Employees
The charity does not employ anyone on PAYE scheme; all work is carried out by volunteers.
No employee or volunteers received emoluments
| 4. | Unrestricted funds | At | At | ||
|---|---|---|---|---|---|
| 1 January | Incoming | Outgoing.31 December | |||
| 2024 | resources | resources | 2024 | ||
| £ | £ | £ | £ | ||
| General Fund | 2,180 | 3,695 | 0 | 5,875 |
Page 8