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2022-08-31-accounts

MADINA-TUL-ULOOM AL ISLAMIYA

TRUSTEES REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31st AUGUST 2022

– CHARITY REGISTRATION NUMBER 326933

MADINA-TUL-ULOOM AL ISLAMIYA Charity Registered number : 326933

MADINA-TUL-ULOOM AL ISLAMIYA
Charity Registered number : 326933
Contents Page
Adminstrative Details 1
Trustees’ Annual Report 2-5
Independent Auditor's Report 6-8
Statement of Financial Activities (SOFA) 9
Balance Sheet 10
Cash Flow Statement 11
Notes to the Financial Statements 12-15

REFERENCE AND ADMINISTRATIVE DETAILS

Charity Number 326933 Registered Address Butts Lane Summerfield Kidderminster DY10 4BH Trustees Mr Abdullah Memi Dr Mohammed Ashraf Gulam Makadam Mr Sayeed Ahmed Peerbhaibar Mr Ahmed Ali Mr Ahmed Patas Mr Mohammed Faruq Nazir Ahmed Nana Mr Maksud Ahmed Gangat Secretary Mr Abdullah Memi Auditors Mr Akbar Dedat Crystal Business Services Ltd. Chartered Accountants 264 Stoney Stanton Rd Coventry . CV1 4FP Bankers National Westminster Bank plc Rossendale, Lancashire.

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MADINA-TUL-ULOOM AL ISLAMIYA Charity Registered number : 326933 Trustees' Report

The trustees present their annual report and audited financial statements for the year ended 31 August 2022 and confirm that they comply with the Charities Act 2011, the Trust Deed and the Charities SORP applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

Administrative Information

Trustees who have served for the year ended 31 August 2022 were as follows: Mr Abdullah Memi - Chairman

Dr Mohammed Ashraf Gulam Makadam (also holding trustee) Mr Sayeed Ahmed Peerbhai (also holding trustee) Mr Ahmed Ali Mr Ahmed Patas (also holding trustee) Mr Mohammed Faruq Nazir Ahmed Nana Mr Maksud Ahmed Gangat

Structure, Governance and Management Introduction

Madinatul Uloom Al Islamiya is an independent Islamic boarding school for boys dedicated to providing Islamic as well as secular education. It is situated in tranquil surroundings four miles southeast of Kidderminster. The teaching blocks and hostels are all situated within the 22 acres of the college. This means that the students are always on site and constantly under the care and supervision of dedicated staff. Students are allocated to hostels according to their age group.

Madinatul Uloom aims to educate the students and instil in them the teachings of the Holy Qur’an and practices of our Holy Prophet Muhammad (peace be upon him) as well as other arts and sciences. It also strives to promote and cultivate good behaviour, morals, mutual respect and tolerance. This in turn creates a friendly, caring and motivated environment.

Governing Document

The charity is governed by its Declaration of Trust dated 29th July 1985 and is a registered charity, number 326933. The charity was established to promote the advancement of education and the advancement of the Islamic faith by the establishment of an institution.

Management

The trustees meet a minimum of three times a year, or more when required to consider all matters pertaining to the performance of the charity. The trustees have appointed the head teacher and the senior leadership team who in turn are responsible for the day to day running and management of the school.

Recruitment and Induction of Trustees

The recruitment and induction of new trustees lies with the Trust. Trustees are responsible for seeking suitable applicants with a range of skills, experiences and commitments who will be an asset to the charity in its establishment and growth. New applicants are recommended to the Board, followed by circulation of their CV to all trustees and a full discussion being held at an appropriate Board meeting for his /her recruitment. In making the appointment, the Board looks at the skills, qualifications, relevant experience, time commitment, suitable references and most importantly sharing the vision of the Trust. The Trust is committed to equality and diversity within the organisation. The current Board consists of people from community, education, theological, financial, marketing, buildings, human resources and charitable backgrounds, all of whom bring the necessary expertise to the work of the charity.

Organisational Structure

The trustees may from time to time make such rules and regulations in their absolute discretion as they think fit for the management of the institution and may at any time vary such rules and regulations. At trustees‘ meetings each term the Trustees agree the area of activity for the trust, policies and performance.

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MADINA-TUL-ULOOM AL ISLAMIYA Charity Registered number : 326933 Trustees' Report

Risk Management

The trustees continue to monitor and review major risks which the charity is exposed to and where necessary control and implement systems and procedures to manage these risks.

To protect against any financial misappropriation, trustees and accounting staff regularly monitor and supervise the financial affairs of the charity.

We believe these measures are appropriate to the charity's size and the nature of its operations.

Objectives and activities

The objectives of the charity are to promote the advancement of education and the advancement of the Islamic faith by the establishment of an Institution in particular for the purposes of:

1) Training adults and children for the Islamic priesthood and for the further education of suitably qualified Islamic priests.

2) Making adequate provision for higher studies of the Holy Quran, Hadith, Fiqh, Tafseer, Islamic History and Philosophy

3) Providing all our pupils with a sound education, from key stage three through to higher education. 4) Providing a comprehensive lslamic Theology Course in accordance with the Holy Qur’an and practices of our Holy Prophet Muhammad (peace be upon him) which equips its pupils the opportunity to assume scholarly roles within their communities upon its completion.

5) Dispensing good-quality, external, independent careers advice and support, which results in pupils obtaining a good appreciation of different career opportunities.

6) Providing an environment in which students are encouraged to adopt, through understanding, Islamic codes of practice enhancing their spiritual development with an Islamic ethos.

7) Providing an environment in which students are encouraged to develop self-discipline, respect for oneself, fellow students and staff; contributing towards a well ordered, safe and caring school.

8) Creating an atmosphere of courtesy, tolerance, openness and trust which impedes abuse, intimidation, harassment, teasing and bullying; in line with British values.

9) Safeguarding and promoting the well-being of all boarders with due attention to their physical and mental health and emotional well-being.

10) Ensuring there are equal opportunities for all boarders regardless of their ethnic origin, culture, linguistic background and disability.

11) Developing an awareness and respect for differing cultures that are around us.

12) Helping students to understand their own immediate and long-term needs and encouraging them to be sensitive to the needs and feelings of others within the school and the community at large, bettering one’s own life morally and religiously as well as the lives of others.

13) Encouraging students to exercise choice within the framework of the school and be aware of the effects of their choices upon themselves and upon those around them.

14) Developing an awareness of the importance of good citizenship and a realisation of how, as citizens, each student is equally responsible for its maintenance.

15) Creating an effective link with parents and guardians as major partners in the development of boarders.

16) Nurturing each pupil into a caring, open-minded whole person, enhancing their qualities of leadership and abilities to work as part of a team such that they are knowledgeable enquirers and thinkers and prepared suitably for the next stage in their education. The trustees believe that in furthering the objectives the interests of 'public benefit' is served.

Achievements and Performance

In October 2021 the school had a full 3-day social care inspection. The school had an overall judgement of ‘requires improvement to be good’. However, there were 4 standards which remained unmet but as the report mentioned ‘there are no serious or widespread failures that result in their welfare not being safeguarding or promoted’.

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MADINA-TUL-ULOOM AL ISLAMIYA Charity Registered number : 326933 Trustees' Report

On the third day of the 3-day inspection we also had an emergency inspection from HMI regarding a safeguarding concern. All the standards that were checked were met. An excerpt from the report is reproduced below:

The school meets the requirements of the schedule to the Education (Independent School Standards) Regulations 2014 (‘the independent school standards’) and associated requirements that were checked during this inspection.

The multi-purpose hall was also completed and was in use from the spring term. It is now being used to house the memorisation and Islamic Theology classes, daily prayers, prep time, examination hall and graduation ceremonies.

Major refurbishment work took place in one of the accommodation blocks. The felt roof was replaced with a tiled roof, the plastic cladding was removed and replaced with brick walls, the walls and ceiling were fully insulated, and all the windows were replaced.

GCSE grades continued to improve with a significant improvement in all subjects for students achieving a grade 9 – 4.

Financial Review

Since there was not a sustained drive for donations(unlike in the previous years), the donations received fell by £464,252. Unfortunately, the charity's finances were hit by an unexpected backlog of water and electricity charges exceeding well over £100,000. Furthermore, like all other charities many other overheads increased due to inflation. As a result, during the year the charity suffered net outgoing resources of £96,873 after a depreciation charge of £101,002. The funds balance decreased over the year by £214,115 because of the expenditures on fixed assets amounting to £314,755 and repayment of personal loans of £65,525.

The charity's principal funding source is from school fees and donations. Except for the utilities costs, the overheads remained fairly consistent after taking into account increased staff costs due to the extra demand for the teaching staff to achieve a good teacher student ratio.

Reserves Policy

The trustees considers holding unrestricted reserves amounting to approximately three months' average expenditure. At this level, the trustees feel they would be able to continue the current activities of the charity in the event of a significant drop in funding. Unfortunately, because of circumstances during 2021/22 the charity's liquid funds at 31st August 2022 was well below the 'desired' levels.

Future Plans

The Board of Trustees' future plans are to:

Statement of Trustees‘ Responsibilities

The trustees are responsible for preparing the Trustees' Annual Report end the financial statements in accordance with applicable law and United Kingdom Accounting Standards {United Kingdom Generally Accepted Accounting Practice).

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MADINA-TUL-ULOOM AL ISLAMIYA Charity Registered number: 326933 Trustees. Report Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which gNe a true end fair view of charity and of the incoming resources and application of resour¢e5 Qf the tharity fty that year. in preparing these financial stslements the trustees are required to. Select suitable accounb.ng policies and then apply them consistenuy. Observe the method and principles in the charities SORP IFRS102)- Make judgments and estimates that are reasonable and prudent Slate whether applicable accounting standards have been followed. subject to any material departures disclosed and explained in the financial statements. Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charifv will continue. The tnjstees are responsible for keeping proper a¢¢ounb'ng records which disclose wth (easonable accuraey al any lime the financial position of the charity and enable them lo ensure that the financial stslemenls comply with the Charities kt 2011 and the regulations made under that Act. 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 ifregularitEs. This report was approved by the trustees on 11th Juty 2023.

INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF MADINA-TUL-ULOOM AL ISLAMIYA Charity Registered number : 326933

Opinion

We have audited the financial statements of Madina-Tul-Uloom Al Islamiya for the year ended 31st August 2022 which comprise the Statement of Financial Activities, Balance Sheet, Cash Flow Statement and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

• give a true and fair view of the state of the charity's affairs as at 31st August 2022, and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;

• have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

• have been prepared in accordance with the requirements of the Charities Act 2011.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the trustees annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

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INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF MADINA-TUL-ULOOM AL ISLAMIYA Charity Registered number : 326933

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement set out on pages 4 and 5, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Auditor responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with regulations made under section 154 of that Act.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also:

• Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

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INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF MADINA-TUL-ULOOM AL ISLAMIYA Charity Registered number . 326933 Obtain an understsnding of intemal control relevant to Ihe audit in order to design audit procedu￿ that are appropriate in the circumstsnces. bul not for the purpose of expressing an opinion on the effectiveness of the Chari￿s inlemal control. Evaluate the appropriateness of accounb.ng poli¢ies used aThJ the feasonableness of accounting estimate5 and related disclosures made by the trustees. Conclude on the appropriateness of the Iruslees. use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt or¢ the charity's ability lo conbnue as a going Concern. If we eonelude that a material uncertainty exists. we are required lo draw attenbon in our auditorfs report lo the related diselosures in the financial staternents or, if such disclosures are inadequate. to modify our opinion. Our conclusions are based on Ihe audit evidence obtained up lo the date of our audiloY5 report. However. future events or condibons may cause the Charity lo cease to conb'nue as a going concem. Evaluate the overall presentstion, slructure and content of the financial ststemenls. including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation {i.e. gives a trne and fair viewl- We communicate with those charged with governan￿ regarding. among other matters. the planned scope and liming of the audit and swnificanl audrt findings. including any significant deficiencies in internal control that we identsfy during our audit Use of our report This report is made solely to the charity's tfUStees. as a trf)dy. in accordance with Part 4 01 the Charities (Aeeounts and Reports} Regulations 2008. Our audil work has been undertaken so that we might stale to the charl￿S trustees those matters we are required to stale lo them in an auditor's report and for no other purpose. To the fullest exlenl pemiitted by law, we do not accept or assume resrA)nsibility to anyone other than the charity and the chartty's trustees as a body, for our audit work, for this report, or for the opinions we have formed. MR AKBAR DEDA T (Senor Statulory Auditor) For and on behalf of.. CRYSTAL BUSINESS SER VICES L TD Chartered Accountants/Registered Auditor 264, Sloney Slanlon Road. Coventry. CVI 4FP. Crystal Business Services Ud. is e1￿ible to acf as an audifor in I8￿S of section 1212 of the Companies Act 2006. Ilth July 2023

MADINA-TUL-ULOOM AL-ISLAMIYA

Statement of Financial Activities - (Income and Expenditure Account) Year Ended 31st August 2022

Notes
INCOMING RESOURCES
Donations
1
Incoming resources from charitable activities
1
Total incoming resources
RESOURCES EXPENDED
Charitable activities
Catering
Staff costs
2
Job retention scheme grants
School stationery, examination fees, training
Support Costs
Office costs
Repairs and Maintenance
Rates
Travel
Utilities
Waste collection, cleaning
Insurance
Bank charges
Legal expenses
Leasing costs
Miscellaneous expenses
Depreciation
4
Governance costs
Inspection costs
Total resources expended
NET INCOMING RESOURCES
Balance at 1st September 2021
TOTAL FUNDS CARRIED FORWARD		 31/08/22
£
192,959
703,913
896,872
97,623
521,368
(31,555)
15,130
602,566
3,315
31,730
96,303
2,240
129,151
8,319
4,593
2,513
2,460
5,070
132
101,002
386,828
4,351
4,351
993,745
(96,873)
3,361,800
3,264,927		 31/08/21
£
657,211
603,173
1,260,384
62,221
499,980
(116,993)
16,880
462,088
3,300
41,245
9,074
1,531
77,223
7,509
4,100
3,322
-
5,070
2,128
69,433
223,935
5,183
5,183
691,206
569,178
2,792,622
3,361,800

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MADINA-TUL-ULOOM AL4SLAMIYA Balance Sheet as at 31st August 2022 Notes 2022 2021 Fixed assets Tangible assets 3.412.445 3,198,691 Current assets Debtors Cash at bank and in hand 4.052 73,101 77.153 4.628 287.216 291.844 Creditorn: amounts falling due within one year (212,6701 151.2101 Net Current assets 135.517 240,634 Total assets less current Ilabilities 3.276.928 3.439.325 Creditors: amounts falling due after one year (12.000) (77.5251 Net assets 3.264.928 3,361,800 FUNDS Unrestricted funds Transfei from pern)anent endowment 1,678.394 1,657,294 117973 1,775,267 1.678.394 Revaluation reservo 1.586.533 1,586,533 Total Funds 3,264.927 3,361,800 The financial statements were approved by the Board of Trustees and authonsed for i55ue on 11th July 2023. 10

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MADINA-TUL-ULOOM AL ISLAMIYA Cash Flow Statement - Year Ended 31st August 2022

Cash Flows From Operating Activities
Net Incoming Resources
Depreciation
Movements in Debtors
Movements in Creditors
Cash Flows From Investing Activities
Purchase of Fixed Assets
Changes in Cash/Cash equivalents
Cash/ Cash equivalents At 1st September 2021
Cash/ Cash equivalents At 31st August 2022
Analysis of Cash/Cash Equivalents
Bank account balances
Cash in hand		 2022
£
(96,873)
101,002
576
95,935
100,640
(314,755)
(214,115)
287,216
73,101
68,702
4,399
73,101		 2021
£
569,178
69,433
19,745
(69,935)
588,421
(355,354)
233,067
54,149
287,216
282,338
4,878
287,216

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MADINA-TUL-ULOOM AL ISLAMIYA

Notes to the Accounts For The Year Ended 31st August 2022

1 ACCOUNTING POLICIES

Basis of Preparation

The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 201 l.

The trust constitutes a public benefit entity as defined by FRS l 02.

The trustees consider that there are no material uncertainties about the Trust's ability to continue as a going concern.

Reconciliation with previous Generally Accepted Accounting Practice

In preparing that accounts, the trustees have considered whether in applying the accounting policies required by FRS 102 and the Charities SORP FRS 102 a restatement of comparative items was needed. No restatements were required.

Incoming Resources:

Donations, legacies and similar incoming resources

These are included in the Statement of Financial Activities (SOFA) when:

Tax reclaims on donations and gifts

Incoming resources from tax claims are included on the SOFA at the same time as the gift to which they relate, to the extent that tax recoverability is certain.

Incoming resources from fund raising

These are reported gross in the SOFA.

Gifts in kind for sale or distribution

These are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised.

Gifts in kind for use by the charity

These are included in the SOFA as incoming resources when receivable

Intangible income (e.g. donated facilities)

This is only included in the accounts when the benefit received is actually quantifiable, receivable and material, and the cost is being borne by a third party. When included it is valued at the lower of the cost borne by the third party, and the reasonable estimate of the value to the charity

Investment income

This and any associated tax credits are included in the accounts when receivable.

Expenditure & Liabilities:

Liability recognition

Generally liabilities are recognised as soon as there is a legal obligation or constructive obligation committing the charity to expenditure

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MADINA-TUL-ULOOM AL ISLAMIYA Notes to the Accounts For The Year Ended 31st August 2022

Assets:

Tangible fixed assets for use by the charity

These are only capitalised when they can be used for more than a year and cost more than £250. They are valued at cost or a reasonable value on receipt. The charity does not have a policy of revaluation. Depreciation is charged on a reducing balance basis over the estimated useful life of the underlying asset. The following rates apply:

Plant & Equipment 25% reducing balance Buildings 2% reducing balance

Value Added Tax

Expenditure is shown inclusive of VAT.

Funds

All of the charity funds are unrestricted.

2 SALARIES AND WAGES

Detailed information covering all the employees of the charity:

Gross wages and salaries
Employer's NI costs and Pension contributions
Total staff costs
Average number of employees for the year		 Total
2022
£
507,164
14,204
521,368
49		 Total
2021
£
487,489
12,491
499,980
47

(No employees were paid more than £60,000).

The trustees received no pay in executing their duties as trustees. However, they received remuneration for the following services.

Role Salary (£)
Mr Abdullah Memi Head Teacher 11,938
Mr Mohammed Faruq Nazir Ahmed Nana Teacher 10,966

All payments are sanctioned by the Governance Documents as allowed by the Charity Commission. Had the charity employed external individuals to fill these positions then the cost to the charity would have been significantly higher.

3 TRUSTEES AND OTHER RELATED PARTIES

Trustee Expenses:

No expenses were paid to trustees during the year.

Related party transactions:

Apart from the above salaries, there were no related party transactions of the charity in the period.

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MADINA-TUL-ULOOM AL ISLAMIYA Notes to the Accounts For The Year Ended 31st August 2022

4.TANGIBLE FIXED ASSETS

£
Cost
At 1st September 2021
3,528,894
Additions
194,407
At 31st August 2022
3,723,301
Depreciation
At 1st September 2021
343,478
Charge for year
67,596
At 31st August 2022
411,074
Net Book Value
At 31st August 2022
3,312,227
At 31st August 2021
3,185,416
5. DEBTORS
Trade debtors & prepayments
6 CREDITORS: Amounts falling
due within one year
Trade creditors & accruals
Accrued expenditures
7.CREDITORS: Amounts falling
due after one year
Personal loans
Land &
Buildings		 £
76,638
120,348
196,986
63,363
33,406
96,769
100,217
13,275
2022
4,052
2022
97,670
115,000
212,670
2022
£
12,000
12,000
Plant &
Equip -
ment		 Totals
£
3,605,532
314,755
3,920,287
406,841
101,002
507,843
3,412,444
3,198,691
2021
4,628
2021
46,536
4,674
51,210
2021
£
77,525
77,525

These loans are interest-free and were all paid in December 2022.

8 CONTINGENT LIABILITIES

Except as reflected in the fnancial statements, there were no contingent liabilities at 31 August 2022 (2021: £NIL)

9 OTHER INFORMATION

1. Capital Commitments

There were no capital commitments at the year end.

2. The charity has not given any guarantees to third parties that could be called on at the year end.

3. The charity has not granted any loans that are outstanding at the year end to any institution associated with the charity.

4. The charity did not make any ex-gratia payments during the year.

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MADINA-TUL-ULOOM AL ISLAMIYA Notes to the Accounts For The Year Ended 31st August 2022

10 DECLARATIONS BY TRUSTEES

Designated Funds

The charity does not have any designated funds.

Discontinued, continuing and acquired operations

All the charity's operations are continuing and there no operations that were discontinued or acquired during the year.

Revaluations

None of the charity's functional fixed assets have been revalued during the year.

Subsidiaries

The charity has no subsidiary undertakings.

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