MADINA-TUL-ULOOM AL ISLAIWllYA TRUSTEES REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31st AUGUST 2024 CHARITY REGISTRATION NUMBER- 326933
MADINA-TUL-ULOOM AL ISLAMIYA Charity Registered number . 326933 Contents Page Adminstralive Details Trustees, Annual Report Independent Auditor's Report Statement of Financial Activities (SOFA) Balance Sheet 10 Cash Flow Statement 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 Peerbhai Mr Ahmed Ali MrAhmed Patas Mr Mohammed Faruq Nazir Ahmed Nana Mr Maksud Ahmed Gangat Secretary Mr Abdullah Memi Auditors MrAkbar Dedat Crystal Business seIces Ltd. Chartered Accountants 264 Stoney Stanton Rd Coventry. CV14FP Bankers National Westminster Bank plc Rossendale, Lancashire.
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 2024 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 period from 1 st September 2023 to date were as follows: Mr Ahmed Patas - Chairman (also holding trustee) Mr Abdullah Memi Head-teacher Dr Mohammed Ashraf Gulam Makadam Mr Sayeed Ahmed Peerbhai Mr Ahmed Ali Mr Mohammed Faruq Nazir Ahmed Nana Mr Maksud Ahmed Gangat (also holding trustee) (also holding trustee) structure, Governance and Management Introduction Madina-Tul-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 senlor 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 induGtion of new trustees lies with the Trust. Trustees are responsible for seeking suitable appliGants 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 Iher 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 expert15e 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 fil 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 perfomiance.
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 accounling staff regularly monitor and supervise the financial affairs of the charity. We believe these measures are appropriate to the charitls size and the nature of its operations. Objectives and activities The objectives of the charity are to promote the advancement of education and the advan¢ement 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 Sslamic 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 oblaining 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 lo 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 sensilive to the need5 and feelings of others within the school and Ihe 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 Ihe 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 February 2024 the school had a full 3-day school inspection. The school had an overall judgement of 'Requires Improvement,. All the standards were met at this inspection.
MADINA-TUL-ULOOM AL ISLAMIYA Charity Registered number . 326933 Trustees. Report We had a full 3-day social care inspection in October 2023 wherein safeguarding was effective and the standard relating to safeguarding was met. The overall rating was 'requires improvement to be good,. However, there were still some standards related to boarding which were unmet. Refurbishment works continued in the boarding blocks with painting of bedrooms and hallways, carpets were changed in bedrooms, new boilers were installed in some of the accommodation blocks as well as new furniture in some bedrooms. The Science block was also completely renovated with new windows. doors. heating and cooling system. suspended ceiling and decorated throughout. The annual gradualion ceremony took place in July 2024 wherein 8 students graduated as Islamic scholars. Financial Review There was a £58.227 increase in donations and collections compared to the previous financial year. The trustees are pleased to report net incorning resources of £66,412 after a depreciation charge of £105,083. Despite the increase in the income from the charitable activities the charity continues to rely on collections and donations to finance operations. The positive results in the year resulted in a much improved liquidity position and also a significant reductions in the charitvs liabilities. There are new challenges facing the charity in that from 2025 there is VAT to be charged on the charitable activities and also the future rates costs will be much higher. The Charity had unrestricted funds amounting to nearly £1.7m at 31st August 2024. Reserves Policy Despite having large unrestricted funds, the charity had net current liabilities of £14,871 at 31 st August 2024{ £158,439 at 31st August 2023). There are conlinuous efforts to reduce the liabilities and to reach a level of net current assets. Fund-Raising The charity regularly makes appeals for donations and collections. These appeals involve approaches by the trustees and staff to their relatives, friends and well-wishers for donations. No professional fund- raisers or commercial participators are involved. Future Plans The Board of Trustees, future plans are to: Ensure the school is stays fully compliant and that all standards are continuously met. Continue to provide good quality education by investing in resources. training and staffing. Although there are no imminent construction plans, the trustees, intentions in the long-term are to renovate the dining area and install modern equipment. Statement of Trustees, Responsibilities The trustees are responsible for preparing the Trustees, Annual Report end the financial stalements in accordance with applicable law and United Kingdom Accounting Standards {United Kingdom Generally Accepted Accounting Practice).
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 give a true end 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 Irustees are required to: Select suitable accounting policies and then apply them consistently. Observe the method and principles in the charities SORP (FRS102). Make judgments and estimates that are reasonable and prudent State 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 charity will continue. 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 2011 and the regulations made under that Act. They are also responsible for safeguarding the assels of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. This report was approved by the trustees on 29th June 2025. ..Name.. FAP
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 2024 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 2024. 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 wilh Internalional 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 obtsined 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 materlal uncertainties relating to events or conditions that. individually or collectively, may cast significant doubt on the CharItS 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 infomation 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 infomiation and, except to the exlent othernise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our SpOnSIbl11ty 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 Otheise 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 slatementS 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.
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 rf, in our opinion: the information given in the financial statements is inconsistent in any material respect with the trustees, report; or • sufficient accounting records have not been kept ', or the financial statements are not in agreement with the accounting records and returns; or we have not received all the information and explanations we require for our audit. 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 charitvs 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 reoulations 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. whelher 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 misrepresentstion. Some of our procedures for detecting material misstatements included:. Ascertaining the internal control procedures of the charity Agreeing Ihe nominal ledgers in general with the underlying records Checking the journal entries and other adjustments "Making enquiries with the directors concerning pending or potential legal problems 'Examining any transactions outside the normal course of business.
INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF MADINA-TUL-ULOOM AL ISLAMIYA Charity Registered number '. 326933 As part of an audit in accordance with ISAS {UKI. we exercise professional Judgment and maintain professional scepli¢ism throughout the audit. We also.. Identify and assess the rlsks of material rnisslalemenl of the financial stalemenls, whether dLte lo fraud or error, design and perform audit procedures respon£ive lo those risks, and obtain audit evidence Ihal is sufficient and appropriate lo provlde a basis for Dur opinion. The risk of not delecling a malerial rnlsstatemenl r8sulling from fraud is higher than lor one resullii)g from error, as fraud may involve collusion, forgery, Intentlonal ornisslons, misrepresenlalions, or the override of internal Conlrol. Obtaln an undèrslandlng of Internal control iolovanl lo the audit in order lo design audit procedures that are appropriate in tho clrcumslanc05, but r)ol lor Ihc purpo80 of expre5sIng an oplnlon on tho effectiveness of the charily's internal control. Evaluate the appropriateness of accounting policies used and the reasonableness of accounllng 8sllmales and related disclosures made by th@ Iruslees, Conclude on the appropriateness of thè Iruslees, usè of the going concern basls of accounllng and. based on the audit evidence oblalned, whether a material uncertalnly exisls related to events or conditions that may cast 5ignificanl doubl on the chlc rily's abilily lo conllnue as a going concern. If we conclud6 Ihal a material uncertainly cx151o, wc arc rcqLiirL'd lo draw 8llenllon In our auditor's report to the related dlsclosures in the flnanclal slalemenls or, il such dSsclosures are Inadequate. lo modify our opinlon. Our conclusions are basod on tli& audit evidcnce oblkiincd up lo the dale of our auditor's report. However, future events or conditions may cause Ihe cliarily lo coaso lo continue as 8 going concern. Evaluate the overall presenlallon, slrvclure and conlenl of Ilic financial slalemenls. Including the dlsclosures, and whether the flnancial slalomcnls repiLisenl the underlylng Iransacllons and events In a manner that achieves falr presenlallon11.e. giv85 (1 Irua cind fair vicwl. We communlcale wllh those chargod wllh govorn8n¢o rcgt)rdinfj. among olher mallers, the planned scope and timing of the audit and significant audit findings, including any sigr$5ficanl deficiencies in Internal Control Ihal we Identlfy during our audll. Use of our report This reporl is made solely to th& charlly's Iruslees, as a body, In 8ccordanc8 with Part 4 of the Charities (Accounls and Reports) Regulalions 2008. Our audit work has been undertaken so that we might stale lo the charitls trustees those mallers we are requlréd lo stale lo them in an auditor's report and for no other purpose. To Ihe fullesl extent permilled by law, we do nol accept or assume responsibility to anyone olher than the charlty and the charlly's trustees as a body, for our audll work, for Ihls report, or for the opinions we have formed. MR AKBAR DEDA T (Scnior S¢alulory Audilor) For and on behalf of.. CR YSTAL BUSINESS SER VICSS L TD Chartered Accounlan¢s/Registered Audilor 264, Stoney Stanton Road. Coventry. CVI 4FP. Crys1818usiness SeNices Lld. is eligible for appoinlmcnl as auditor of the charily by virtue ol it's eligibility for appointment as 8udilor of a company under seGtion 1212 of the Companies Act 2006. 29th June 2025
MADINA-TUL-ULOOM AL-ISLAMIYA Statement of Financial Activities - (Income and Expenditure Account) Year Ended 31st August 2024 31108124 31108123 Notes INCOMING RESOURCES Donations Incoming resources from charitable activities Total incoming resources 285,187 850,547 1,135,734 226,960 771,129 998,089 RESOURCES EXPENDED Charitable activities Catering Staff costs School stationery, examination fees, training 95,295 647.200 15,164 757,659 101.046 575.328 12,861 689,235 ort Costs Office costs Repairs and Maintenance Rates Travel utilities Waste collection, Cleaning Insurance Bank charges Consultancy costs Leasing costs Miscellaneous expenses Depreciation 2,232 31,164 18,307 1,176 112,600 8,606 5.491 2,449 2,750 4.765 5.300 105,083 299,923 3,467 20,985 54.721 235 141,379 5,484 4.823 2.476 4,290 458 108,900 347,218 Governance costs Inspection costs 11,740 11,740 7.962 7,962 Total resources expended 1,069,322 1,044,415 NET INCOMING RESOURCES 66,412 46.326 Balance at 1st September 2023 3,218.601 3,264,927 TOTAL FUNDS CARRIED FORWARD 3,285,013 3,218.601 ALL OF THE ACTMTIES ARE CONTINUING
MADINA-TUL-ULOOM AL-ISLAMIYA Balance Sheet as at 31st August 2024 Notes 2024 2023 Fixed assets Tangible assets 3,299,794 3,377,040 Current assets Debtors Cash at bank and in hand 17,434 79,838 97,272 12,076 20,115 32,191 Creditors: amounts falling due within one year (112.053) (190.630) Net current assets 14,781 158,439 Total assets less current liabilities 3,285,013 3,218,601 Net assets 3,285,013 3,218,601 FUNDS Unrestricted funds Revaluation reserve 1,698.480 1,586,533 1,632,608 1,586,533 Total Funds 3,285,013 3,219,141 The financial statements were approved by the Board of Trustees and authorised for issue on 29th June 2025. ..Name..Ail..r)L4..(..A..H.......m..L.m I <4£uQ FJ4 10
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MADINA-TUL-ULOOM AL ISLAMIYA Cash Flow Statement - Year Ended 31st August 2024 2024 2023 Cash Flows From O eratin Net Incoming Resources Depreciation Movements in Debtors Movements in Creditors Activities 66,412 105,083 (5,358) 78,577 87,560 (46,326) 108.900 {8.024) 34.041 20,509 Cash Flows From Investin Purchase of Fixed Assets Actlvltles (27.837) (73.495) Changes in Cash/Cash equivalents 59,723 -52,986 Cashl Cash equivalents At 1st September 2023 20,115 73,101 Cashl Cash equivalents At 31st August 2024 79,838 20,115 Anal sis of Cashlcash E Bank account balances Cash in hand uivalents 79,458 380 79,838 18,672 1,443 20,115
MADINA-TUL-ULOOM AL ISLAMIYA Notes to the Accounts For The Year Ended 31st August 2024 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 2011. The financial ststements are for the charity only and are stated in sterling. The charity constitutes a public benefit entity as defined by FRS 102. The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern. Reconciliation with previous Generally Accepted Accountlng Practice In preparing that accounts, the trustees have considered whelher in applying the accounting policies required by FRS 102 and the Charities SORP FRS 102 a restatement of comparative ilems was needed. No restatements were required. Incoming Resources: Donations, legacies and slmilar incoming resources These are included in the Statement of Financial Activities (SOFA) when- the Charity becomes entitled to the donation, legacy or similar income and any conditions for receipt are met. the trustees are reasonably certain they will receive it., and the Irustees are reasonably certain that the value can be reliably measured. Tax reclaims on donations and gifts Incoming resources from tsx 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. Glfts in kind for use by the charity These are inGluded 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 parly. and the reasonable estimate of the value to the charity Expenditure & Llabilities: Liability recognition Generally liabilities are recognised as soon as there is a legal obligation or constructive obligation committing the charity to expenditure 12
MADINA-TUL-ULOOM AL ISLAMIYA Notes to the Accounts For The Year Ended 31st August 2024 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 trustees believe that the fixed asset on the balance sheet ae shown at a fair value. Depreciation is charged on the fixed assets over the estimated useful life of the underlying asset. The following rates apply.. Plant & Equipment Buildings 250/0 reducing balance 29/0 Straight line Value Added Tax Expenditure is shown inclusive of VAT. Funds All of the charity funds are unrestrFCted. 2 SALARIES AND WAGES Detailed information covering all the employees of the charity: Total 2024 Total 2023 Gross wages and salarles Employer's Nl costs and Pension contributions Total staff costs 621.573 25,627 647.200 559,005 16,323 575,328 Average number of employees for the year 48 50 (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 Head Teacher Teacher Salary (£) 13.537 11.279 Mr Abdullah Memi Mr Mohammed Faruq Nazir Ahmed Nana 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. 13
MADINA-TUL-ULOOM AL ISLAMIYA Notes to the Accounts For The Year Ended 31st August 2024 4.TANGIBLE FIXED ASSETS Land & Buildings Plant & Equip - ment Totals Cost At 1st September 2023 Additions At 31st August 2024 3,762,407 10,275 3,772,682 231,375 17,562 248.937 3,993,782 27,837 4,021,619 Depreciation At 1st September 2023 Charge for year At 31st August 2024 486,322 75,454 561.776 130,421 29.629 160,050 616.743 105,083 721,826 Net Book Value At 31st August 2024 3,210,906 88,887 3.299.793 At 31st August 2023 3,276,085 100,954 3,377.039 All of the land and properties are functional. Cost of the landlbuildings are £1.5m (revaluation 2016) plus subsequent costs. 5. DEBTORS 2024 17,434 2023 12,076 Trade debtors & prepayments 6 CREDITORS: Amounts falling due within one year Trade creditors & accruals Taxation and social security 2024 2023 107.432 4.621 112,053 187,857 2,773 190.630 7 CONTINGENT LIABILITIES Except as reflected in the financial statements. there were no contingent liabilities at 31 st August 2024 (2023.. £NIL) 8 OTHER INFORMATION 1. Capital Commitmenls 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. 14
MADINA-TUL-ULOOM AL ISLAMIYA Notes to the Accounts For The Year Ended 31st August 2024 9 DECLARATIONS BY TRUSTEES Designated Funds The charity does not have any designated funds. Discontinued, continuing and acquired operations All the charitvs 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. 15