REGISTERED CHARITY NUMBER: 261188 REPORT OF THE TRUSTEES AND FINANCIAL STATF.MENfs FOR THE YEAR ENDED 31 DECEMBER 2024 FOR AMEDINA TRUST Prestons & Jacksons Parfnership LLP 364 - 368 CraDbrLKik Road Ilford EX IG2 6HY
AL-MEDINA TRUST coiYrENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 PAge Report of the Truite IDdependent Examlner'• Report Statement of FlllAntlal A¢tlvltl Ststement of FlnnclAI FOtIOn ottt to the Flnan¢ll St•¢¢meDts 7 to 12 Detalled Statement of FIDaD¢lal Aetlvltl 13
AL-MEDINA TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees present their rewrt with the fal81 statements of the charity for the year end 31 Deccmber 2024. The trusle¢8 have adopted the provi510n8 of Accounting aDd R¢porting by Charities: Stst¢uJcnt of Rccoujmcndcd Pra¢li¢¢ applicable to charities preparing their accounts in ac¢ordance with the Financial Reporting St8ndard applicable in the UK and Republic of Irelalld (FRS 102) (cff¢ctive l JaDuary 20I9). OBJEcfivES AND AcrivrriES Objettlvei and Publlc Benellts a) To advancc and to propagate Islam througbout the world. b} To relieve poverty among Muslims in any part ofthe world. c) To advance education generally aDd the education of Muslims xn Parti11T. d} To support other charitsble institutions haviog objKts similar to those above meDtioncd. ¢) Such oth¢r purposes (being exclu8ivcly knthblc) as may be declared by the tru5tee8. ACHIEVEMENTS AND PERFORMAIYCE Charlt4bl¢ 8¢rfvltl The charity continued advance Islamic cduulion J SllPPOrt to furtber the education of w stsdeDt& all¢vial¢ pov¢rty and support cbaritable institutions with similar objects. The following orgaDisalions wcre the n)ain bcncficiarics: - The Markficld Institute of Higher EducalioD - Kube Publishing- ChildreD books for NHS ¢hildrcn wards - Human Care Initiative - Transform Your Lif¢ Pro8ramD)C Be8ide8 the abov¢. th¢ charity provided funditi8 to itidividual students ID financial hardship. FJNANCIAL REVIEW FlnaDclal po$lllon Total io¢om¢ for the year amounted to £177.497 (2023: £164,041), while total expenditure for th¢ year amounted to £19,160 (2023- £96.395). Overall ncl surplus was £158 J37 (2023: £67.646). An increa8c from previous year was due to a higber rental Total funds carried forward was £2,504,040 {2023: £2,345,703) of whi¢h all were unrestricteA. Investment polley *Dd obJ¢rtlv In 8c¢ordart¢e with the objective cbarily managed its investment propertie$ through the Covid period without any adverse effts of th¢ pand¢mic. ReserYe8 poll¢y The trustees consider that the ruerv¢8 beld ar¢ su1¢Ient to continue the charities actxvity in fv¢ure years, The tSteeS actively revi¢w the major risks which the charity faces on a regular basis and have a150 examitLed other operational and blnesS risks faced by the charity. The tsustces confinn that they have established systems to mitigate the SI11ficant risk& STRUCTURE, GOVERNANCE AND MANAGEMEY4T Governlllg documellt The charity is controlled by its governing documen¢ a deed of trust and constitu¢¢s an unineoTpofdted charity. Page I
AmEDNA TRUST REPORT OF THE TRUSTEES FOR THE YEAR EF4DED 31 DECEMBER 2024 STRUCTUR4 GOVERNANCE AND MANAGEMEKr Oryanisatlonal itructure The cbarity trustees are responsible for Ihc general control and managcment of tbc charity. The trustees give their time freely and receive no rcmunernlion or other financial benefits. The trustees al the mornent me¢1 together as a body wben and as required 8nd ar¢ r¢spousible for all decisions tsken in relation to TUDning th¢ tIVitieS provided by the charity. Th¢ clwity j8 currently in proce&8 of appointing more trustees ID view lo expand and be more proactive. Induetlon and tr4lnln8 of new trus¢e Following appoinÉmeni. new trustees will be introducd to their oew role and are requested to familiari thems¢lv¢s with contents of the trusts ¢onstitutiOD and to Ihe policies and proceduTC5 adopled by the charity. They ar¢ a180 requested lo read a number of publications from the Chariry Commission to ensure that they are aware of th¢ scope of their r¢sponsibilities Under th¢ CharitiC8 AGt. Th¢ new trustees will work collectively witb existing trustees assi8tiDg on particular 8Ctivitie8 aod projects run by th¢ ¢harilyp to attain maximum benefits for the cbarity. Publlt beneflt The trusl¢¢s have rccognis¢d tb¢ 8uidance in th¢ Charity Commission'8 8eneral 8uidanee on public benefit when reviewing the aims and objeetives of the charity and when planning aclivilics. The differen¢c the ¢barity makes for the public b¢ncfil is the fvrtheran¢¢ ofeducation to poor students and ¢l¢vating poveriy. Rl$k management Th¢ irnstees hAV¢ a duly lo identify and review the risks to which the charity is exposed aDd to ensur¢ Rppropriatc controls are ID plac¢ lo provide rea%)nabl¢ assurance against fraud and eTror. REFERENCE AND ADMINisfRATIVE DETAII Reglstered Cbarlty ttumber 261188 Prlnclpal addrtsi Markfield Conference Centre Ratby Lane. Markfield Txicestcrshire LE67 9SY Trustees Dr Manazir Ahsan (Chairman) Mr Zaiul Haq Mr Muhammad Saeed Chowdbury Mr Ismail Gitay (Treasurer) Mr Farooq Murad (secretary) Dr Zahid Parvez Independellt Euminer Anwer Pal¢l BA(Hons) BFP. FCA Prestons & Ja¢k50ns Partn¢rship LLP 364 - 368 CranbriK)k Road Ilford Essex IG2 6HY Page 2
AMEDNA TRUST REPORT OF THE TRUSTEES FOR TIIE YEAR ENDED 31 DECEMBER 2024 Approved by order of the board of trustces on................ ..................... . and siglled on its behalf by,. TTUStee • Page 3
INDEPENDENf EXLlttNER'S REPORT TO THE TRUSTEES OF AbMEDIi¥A TRUST Independent examlner'$ report to the trn$tees of Al-MediDa Trusl I report to th¢ rharity trustee5 on my ¢xamination of the accounts of Al-MediDa Trust (the TTU8t) for the year ended 31 December 2024. RespoDslbllities and bas18 of rtport As thc charity trustees of th¢ Trust you arc responsible ftir the preparation of th¢ aLYounts in accordance with th¢ requirements of the Charitie8 Aci 2011 Cthe Act?. I report in respect of my examination of the Trust's ac¢ounts wried oul under Section 145 of the Act and in carrying out my examination I hav¢ followed all applicable Directions given by th¢ Clwity Commission under Section 145(5Kb) of the Act. Independent exAmlner'8 It*temellt I have eompleted my examination. I confm that DQ mat¢rial matters have come lo my attention in connection with the examination 8iving me cause to b¢li¢vc that in any nterIal respect: aOUntIng records were llot kepl in respect of the Trusl as required by Section 130 of the Act. or tbe accounts do not aord with those rOrdS. or th¢ aoUnt8 do not comply with the applicable requirements ¢on¢¢n)in8 th¢ foTm and content of accounts set out in the Charitics (Accounts and Reports) RegulatiODS 2(M)8 other than any requiT¢ment that the accounls give a true and fair view wbich li not a matter considered as part of an independent examination. I hav¢ no concerns and have come across no othu matlcrs in connection witb the examination to which altcnlion Should be drawn in this rcport in Ord to enable a proper wid¢rstaDding of th¢ COUnts to be r¢ach¢d. Anwer Patel BA(Hon5) BFP, FCA The tnstitute of Chart¢r¢d A¢unta01s ID Fn8iand and Wales Prestons & Jacksons Parth¢rsbip 364 - 368 Cranbrook Road Ilford Ftss¢x IG26 Page 4
AMEDINA TRUST STATEMENf OF FINANCtAL AcfiviTIES FOR THE YEAR ENDED 31 DECEMBER 2024 31.12.24 31.12.23 Unrestricted Total fund fimds Noles INCOME FROM Investmcjjt income 177,497 164.041 EXPENDITURE ON Cbaritable actsvltl Charitabl¢ Artiviti¢8 19.160 96,395 NET INCOML 158J37 67,646 RECONCILIATION OF FUNDS Total fimd$ brou8ht forward 2J45,703 2,278,057 TOTAL FUNDS CARRIED FORWARD 204,040 2,345,703 The notes forn] part of thesc financia] statements Page 5
AmED[NA TRUST STATEMENf OF FINANCIAL POSITION 31 DECEMBER 2024 31.12.24 31.12.23 Unrestrleted Totsl fuDd funds Notes FIXED ASSETS Investrnent property 2,152270 1,927,270 CURRENT ASSETS Dcbtors Cash at bank 6,912 350.661 6.888 445,811 357473 452,699 CREDITORS Amounts falling du¢ within one year io (5003) (34,266) NET CURRENT ASSETS 351,770 418,433 TOTAL ASSETS LESS CURRENr LIABILITIES 2504,040 2,345,703 NET ASSETS 2J04,040 2.345.703 FUNDS Unrestriclcd funds U04,040 2,345,703 TOTAL FUNDS U04,040 2,345,703 The financial sta ts*wer¢ approved by the Board of TTUSteu and authorised for ISSUC OD . and wer¢ signed on its Ixbalf by: Truste¢ • The not&8 forn] part of these financial statements Page 6
AMED[NA TRUST NOTES TO THE FINANCIAL sTATEmEs FOR THE YEAR ENDED 31 DECEMBER 2024 AcCOuNG POLICILS Bsls of prtparlng the tlnanclal statem¢nt• •nd w¢Bsmen¢ of zolng ¢oneerD The financial stat¢m¢nls have becn preped UDdeT the historical cost convention with items TosnI8 at cost or transactiOD value unless otherwise stated in the relevant note(s) lo these accounts. The fllwicial ststemet)ts havc been prepared iti aordanc with th¢ Statement of Re¢on)mcnded Practice: Accounting and Reportins by Charities pr¢poriog tbeir accounts in a¢¢ordallce with the Financial RertIng Standard applicable in the UK and Republic of Ireland (FRS102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the UniL¢d Kingdom 8nd Republic of tr¢land (FRS102) and th¢ Charities Acl 2011. The trust constitute8 a public benefit entity as defined by FRSIO2. GOI% eOD¢erD- lee llote 14 In the new financial y¢ar. the I$(¢¢8 hav¢ de¢idcd to close the Trn8t. Jn the opinion of the trustee4 the break up valu¢ of the a&8¢t8 would be the same a8 the going concern valu¢ of the asscts at the balance sheet date. TherefoTe, the aClts havc b¢¢D prepared on a 80in8 concern basis. Inwme All r¢nial iticome As retognised iti the Statement of Financial Activities once the cb8rity h85 entiilemeDt to the fuDd& it 18 probablc that the income will be on a receivable basis and the amount can bc m¢a8ured reliably. Expendlture aDd Irreeoverable Yt LiabilitiC8 are recolS¢d a8 ¢xp¢nditure as 800n as there is a legal or constructive obliBation commitling thc ¢hariiy to th81 expendilure, it is probabl¢ that a transfer of economic benefits will be required in settlement and the amount of th¢ obligati1 b¢ n)¢a8ured reliably. Expenditure is accounted for on an a¢cruals ba8is at)d has Ixcn c185sified under headings that aggr¢ga¢¢ 8ll ¢06¢ related to the cate80ry. Where costs cannot be directly attribut¢d to particular heading8 they have becn allocated to activities OD a basis consistent with the u8¢ of r¢8our¢cs. Irrecoverable VAT 1$ char8ed a8aiDSt th¢ ¢xpe4Jditur¢ heading for which it was incurred. Grants off¢r¢d subj¢¢t to conditlQts8 which have not been m¢t at th¢ y¢gr date are Dotsj 08 commitment but not accrued as exnalla lttvtttment property Investment property is shown at most reccnt valuati(Jll. Any aggregate surplus or d¢fi¢it arisin8 from clwig¢s in fair value is transferred to the SOF TtIon Th¢ charity is ¢x¢mpt from tsx OD its tharitable activitie& FuDd 4¢¢ouuthi% Urld fuDd5 can be used in accordance with the cfftwitsbl¢ objtIveS at th¢ discretion of the Page 7 continued...
AbMEDINA TRUST NOTES TO THE FINANCIAL STATEMENTS . eonthiued FOR THE YEAR EIYDED 31 DECEMBER 2024 AccouNfING POLJCIES. conthiued Fund acconDlln8 R¢stricted funds can ODly be used foT particular restrA¢ted purp within th¢ objKts of the charity. R&striction8 aTise when specified by the donor or wl)CD fund8 raised for particular restricted purp05eS. Further explanation of the nalure and puw of fimd 18 included in the not to the finaD¢ial Statements. Debtori Basic financial assets, including trade and other debtors. arc initially TguIsed at trnnsaction PTi¢e, unless the arrangement constilut¢s a fiDan¢ing traDsactAon, whur the transaction 18 Measur at the PTe8enl value of th¢ fvture receipts discounled •t a market rate of interest. Such a88ets are subsequently Gorried at amorti6¢d cost USia8 thc efftiv¢ interest D)cthod.1tt8 aoy impairnicnl. Credltors Basic financial liabilitses, includillg trade and other creditors, loaD8 from third partics and loan6 from rel8l¢d parties, ar¢ initially recognised at transactiOD price. unless the 8rranB¢meDt constitules a financing transaction, wh¢rc the debi instrumenl 1$ measured at the pr¢5¢nt value of the fuiure payinents discounted at a markot rate of inl¢re81. Such instrnment$ are Bubs¢quently Caled 21 atnorti8ed cos1 using the ¢ffe¢tive interest mcthod, any im]rmenL INVESTMENT INCOME 31.12.24 31.12.23 Rents Receivable Barjk Investm¢ot Income 173,189 160,773 3268 177,497 164,041 CHARITABLE AcfiviTIES COSTS Support Costs Costs Totals Charitsblc Activitie5 8264 IV96 19,160 Page 8 )ntinu1...
AED[NA TRUST NOTES TO THE FINANCIAL STATEMENTS- eonthiued FOR THE YEAR ENDED 31 DECEMBER 2024 GRANTS PAYABLE 31.12.24 31.12.23 Charitable Activitics 79,394 Th¢ total grants paid institutlODS duritig the year w88 follows.. 31.12.24 31.12.23 Marfi¢ld Institute of Higher Education Islamic Foundation Kube PublicatlOD Limited. UK Marfield Institute of Hi8ber Education- ConfcrcD¢¢ Asif Khannan - Uni of FAlinbur8h M Sharif - Uni of H¢rtfordshire Zanzibar Charity The Islamic Fouodation- IPS 45.000 7,0(KJ 5,894 2,0 2.0(Kl 5.0(X) 7.5(M) 79,394 TRUSTEES, REMUNERAT]ON AND BENEFITS Thcre were no trustees, remuncralion or oth¢r b¢n¢fits for the year ended 31 December 2024 nor for the y¢ar ended 31 December 2023. Tru8tee4' eJp¢nM• Thve were no trustees, expenses paid for the year ended 31 December 2024 nor for the y¢8r end¢d 31 Decfflnber 2023. COMPARATIVES FOR THE STATEME OF FINANCIAL ACTIVITIES 2023 Unrestrict fid INCOME FROM Investmt in¢om¢ 164,041 ExPENDVRE ON Cknarltgble a¢tlvltieJ Charitable Activities 96,395 IYET INCOME 67,646 Page 9 ntillu...
ALMEDINA TRUST NOTES TO THE FINANCIAL STATEMENfs- eonlinued FOR THE YEAR ENDED 31 DECEMBER 2024 COMPARATIVES FOR ThE sfATEMENT OF FINANCIAL AcfiviTIES 2023- tontinued Unrestricted fund RECONCILIATION OF FUNDS Total fvnds brou8bt forward 2,278,057 TOTAL FUNDS CARRIED FORWARD 2,345,703 KFY MAY4AGEMENT PERSONNEL The Trustees are the Key Manag¢meni Per80Dnel in th¢ year. INVESTMENT PROPERTY FAIR VALUE At l January 2024 Additions 1,927,270 225,1)00 At 31 Decemb¢r 2024 2,152,270 NET BOOK VALUE Ai 31 December 2024 2,152,270 At 31 Ik¢cmber 2023 1,927,270 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.24 31.12.23 Trade debtors PrepayTnents and ac¢ru¢d iocome 790 6,122 790 6,098 912 6,888 Page 10 ntinu...
AMEDINA TRUST NOTES TO THE FINANCIAL STATEMENTS . eontinued FOR THE YEAR EM)ED 31 DECEMBER 2024 10. CREDITORS: AmOUs FALLING DUE WITHtN ONE YEAR 31.1224 31.12.23 Trdde creditors Taxation and $ocial 8¢auity Other creditors 12500 2.803 18,963 2003 3,000 34266 11. MOVEMENT IF4 FifF4DS Net rnovement in funds At 31112124 At 111124 Unrtttrleted fundi Geueral fund 4345,703 158J37 2A04,040 TOTAL FUNDS 2¥5,703 A58J37 2W4,040 Net mov¢m¢nt in fuods, included in thc aEM)ve aye a8 follow8: Incoming Resourcu Movement resources expxnded in funds Unrtttrkted fund• Gen¢To1 fund 177,497 (19,160) 158J37 TOTAL FUNDS 177,497 (19.160) 158J37 ComparAtfvtt for movement In fund8 Net mov¢mfflt in fi]nds At 31112123 At 111123 Unrutrlcted fyndi General fimd 2,278.057 67,646 2,345,703 TOTAL FUNDS 2278,057 67,646 2,345,703 Page 11 continued...
AMEDINA TRUST NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024 11. MOVEMENT IN FUNDS- ¢ODtiDued Comparative nel movement in fid4 included in the above arc as follows: Incoming Resourn Movement resources expeThd in funds Unrestrl¢ted fund• G¢n¢ral fuad 164,041 (96J95) 67.646 TOTAL FUNDS 164,041 (96.395) 67.646 12. RKLATED PARTY DISCLOSURES No R¢lat¢d Party Disclosures within the Year. 13. INDEPENDEIYT EXAMINERS FEE 31.12.24 31.12.23 Independent Examiners Fee ijoo 1,440 14. POST BALANCE SHEET EVEI¥T The trustees decided that due ill health and other mM]IMentS of the trustees, the Trust was unable to meet its objeclivcs ¢tiVelY and wo8 therefore unable to continue its operation accordin8 to it8 foundiD8 mission. It was agreed by the Trustees that the assets would bc transf¢rred ¢0 oth¢r ¢barities with Similar objectives in the next financial year. Page 12
AL-MEDINA TRUST DETAILED STATEMEwf OF FINANCIAL AcfIviTJES FOR THE YEAR ElED 31 DECEMBER 2024 31.12.24 31.12.23 INCOME Investment llleome Rents Receivablc Bank Jnvestmcnt Jncome 173,189 4J08 160.773 3,268 177.497 164,041 TotAI Ineomlng r¢Aouree8 177.497 164,041 EXPENDITURE ChArlt*ble aetlvltl A81 Commission Grants to institutions 8,264 8.034 79,394 8264 87,428 Support ¢o¥tJ Flllance Insurance 3,089 727 Inforn)otlon tethnology Repairs and renewals 6,490 Gov¢rLAnce costs tDdependent Examiner Fees Other Professional Cos18 ijoo 5W7 1.500 250 7,007 1.750 Tolal resourw ¢xp¢nded 19,160 96.395 Net Ineome IS8,337 67,646 This page does not fomi part of the statutory financial statements Pag¢ 13