REGISTERED CHARITY NUMBER: 506980
DARUL ULOOM AL ARABIYA AL ISLAMIYA
REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023
Xeinadin Audit Ltd (Statutory Auditor) 100 Barbirolli Square Manchester M2 3BD
DARUL ULOOM AL ARABIYA AL ISLAMIYA
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023
| Page | |
|---|---|
| Reference and Administrative Details | 1 |
| Report of the Trustees | 2 to 4 |
| Report of the Independent Auditors | 5 to 7 |
| Statement of Financial Activities | 8 |
| Statement of Financial Position | 9 |
| Statement of Cash Flows | 10 |
| Notes to the Statement of Cash Flows | 11 |
| Notes to the Financial Statements | 12 to 16 |
| Detailed Statement of Financial Activities | 17 |
DARUL ULOOM AL ARABIYA AL ISLAMIYA REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 AUGUST 2023
Trustees Naushad Abdul Aziz Sulaiman Hafejee Ibrahim Mohammad Amin Gajaria Rachid Daud Ismael Principal address Holcombe Old Road Holcombe NR Bury Lancashire BL8 4NG Registered charity number 506980 Independent auditors Xeinadin Audit Ltd (Statutory Auditor) 100 Barbirolli Square Manchester M2 3BD
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DARUL ULOOM AL ARABIYA AL ISLAMIYA REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2023
The trustees present their report with the financial statements of the charity for the year ended 31 August 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
Objectives and activities
The objectives of the Charity as specified in the Trust Deed are the establishment and operation of an educational institution for the purpose of training students for the Islamic priesthood and for the further education of qualified Islamic priests. In furtherance of its objectives, the Charity runs an independent boarding school for boys by the same name, Darul Uloom Al Arabiya Al Islamiya, which is registered with the Department for Education (DfE) with registration number 351/6007. The Institution, in addition to serving as a centre of higher Islamic education, is also committed to the provision of secular education at secondary and sixth form levels, offering a diverse range of subjects at KS3, KS4 and KS5 levels. The age range of the student body of the Institution is between 11 and 23. Upon graduation, students are encouraged to pursue further education at British universities in a discipline of their choice. To facilitate this, the Institution has over the years developed good relationships with Higher Education providers, thereby creating opportunities for effective progression for its graduates. The Institution takes pride in the fact that to date, a host of its graduates have obtained undergraduate, graduate and doctoral degrees in a wide range of disciplines, and are serving their communities in a variety of ways. The Institution strives to foster a meaningful awareness within students about their socio-cultural context, in an environment that is both conducive to their learning and moral welfare. It seeks to instil in them the values and attitudes required for good global citizenship and for a shared concern for the common causes affecting humanity as a whole. At present, the School does not have any pupils with special educational needs or learning difficulties.
Dedicated to a student-centric approach to education, Darul Uloom endeavours to provide its pupils with numerous opportunities to experience learning holistically. The curriculum - both Islamic and secular - is designed to cater for the linguistic, mathematical, scientific, moral, social, aesthetic, technological, physical, and spiritual needs of students. The comprehensive Islamic theology programme developed by the Institute aims to equip its students to assume scholarly, professional, and pastoral roles within their communities.
The Institute aims to ensure that the time spent at Darul Uloom facilitates its pupils' attainment of enduring spiritual, moral, social, cultural and religious awareness, in addition to excelling in physical and intellectual achievement. The Institute strives to remain a friendly environment where one has the opportunity to meet, live with, and learn from people from students and staff members of different socio-economic backgrounds, to learn to get on with others, to improve one's social and emotional intelligence, to become comfortable, confident, and disciplined in one's independence and to grow in one's faith. Darul Uloom celebrates diverse cultural heritages. Directed and student-led activities help improve multi-cultural awareness. All in all, Darul Uloom is committed to ensure its pupils gain a strong sense of community and an insight into the spiritual and social benefits of communal life.
The Trustees are keen to improve the overall experience of students, particularly those boarding at the School. To this end, they soon intend to embark on a significant refurbishment programme for premises and facilities. In the current year, the hot water and heating boilers for the entire School have been replaced with more powerful and efficient boilers.
Location and history
Darul Uloom Al Arabiya Al Islamiya is the oldest Islamic seminary of its kind in the United Kingdom. It was founded by the late Shaikhul Hadith Hadhrat Maulana Yusuf Motala in 1973, and has since 1977 been located at Holcombe Hall, in the historic village of Holcombe, in the district of Ramsbottom, part of the Metropolitan Borough of Bury, at the northern edge of Greater Manchester. It is situated south of Haslingden, east of Edgworth, west of Ramsbottom, and north of Tottington. The name Holcombe comes from the Celtic cwm, meaning valley, and the Old English hol, meaning deep or hollow. Historically wholly within Lancashire, it is located along the course of the River Irwell in a deep valley amongst the West Pennine Moors and is well-connected to nearby towns and cities through a number of A-roads and the M66 motorway.
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DARUL ULOOM AL ARABIYA AL ISLAMIYA
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2023
Achievement and performance
Learning at the School continues to overcome the COVID-19 hiccup. In the summer of 2023, 71% of its GCSE cohort achieved grade 4 or above in English and maths. 89% received grade 4 or above in Maths and 71% in English. The School's Attainment 8 score was 46.2, 1.4 points higher than the local average. 97% of our pupils entered the English Baccalaureate, compared with the local authority average of 32% and national average of 39%. The EBacc average point score for the School was 4.63, compared with 3.89 locally and 4.05 nationally. The sixth form provision of the School continues to improve. The School has this year once again enjoyed a 100% pass rate in all subjects, except for one student in one subject.
The Trustees recognise there is scope for improvement and continue to put in place courses of action that should ensure continuous progress over the coming years. In summary, Darul Uloom is proud to be able to maintain a good balance between high achievement and a spirit of service and devotion, thus providing an ideal environment for pupils to grow in and experience a vast array of social and academic skills in a safe and respectful manner. All this together makes for the most fruitful and memorable boarding school life.
The Trustees are pleased to report there has been continued progress in attainments at both GCSE and sixth form levels in Summer 2022. 94% of its pupils achieved grade 4 or above in English and maths in this year's GCSE exams and 81% achieved grade 5 or above in English and maths. 93% received grade 4 or above in English and 96% in maths. By way of comparison, the attainment percentage was 45% at the local authority level and 50% nationally. The School's Attainment 8 score was 56, which was 9.7 points higher than the local average. 100% of our pupils entered the English Baccalaureate, compared with the local authority average of 45% and national average of 50%. The EBacc average point score for the School was 5.66, compared with 4.05 locally and 4.27 nationally.
While the Trustees remain pleased with the performance, they recognise there is scope for improvement and continue to put in place courses of action that should ensure continuous progress over the coming years. In summary, Darul Uloom is proud to be able to maintain a good balance between high achievement and a spirit of service and devotion, thus providing an ideal environment for pupils to grow in and experience a vast array of social and academic skills in a safe and respectful manner. All this together makes for the most fruitful and memorable boarding school life.
Financial review
Reserves
It is policy of the Charity to maintain unrestricted funds at a level which equates to approximately 12 months' regular expenditure. This ensures there are always sufficient funds to cover management, administration, and support costs. The school's principal funding source is school fees, followed by charitable donations. The Trustees launched fundraising appeals in Ramadan (March-April 2024), which proved to be highly successful. The Charity is also now registered with the Fundraising Regulator. The overhead expenditure has remained fairly consistent after taking into account increased staff costs due to the extra demand for the teaching staff to achieve a good teacher to student ratio, however, the operational costs have risen significantly over this period.
Plans for the future period
The Trustees plan to continue to enhance the current standards of academic achievements as measured by the external public examinations and independent value-added criteria. This includes collaboration and sharing of good practice between academic departments and like institutions, improving internal communications and management information systems, and continuing to develop and enhance the facilities. They have also engaged with some specialist providers, and are conducting a thorough review of the School's complete provision, including extra-curricular opportunities, with a view to enhancing the extra-academic provision of the School even further in a sustainable manner.
Structure, governance and management
Governing document
The Charity is an unincorporated trust, constituted under a trust deed dated 1 November 1977, as variously amended, and is registered with the Charity Commission with the number 506980.
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DARUL ULOOM AL ARABIYA AL ISLAMIYA REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2023
Structure, governance and management
Appointment of trustees
The trust deed, as variously amended, provides for at least three trustees. The appointment of trustees is vested in the continuing trustees (excluding any retiring trustees). The appointment of teachers, administrators, and other persons required for the running of the Institution is in the hands of the Principal. The trustees have responsibility for appointing a Principal.
Organisational structure
The trustees may from time to time make such rules and regulations in their absolute discretion think fit for the management of the Institution and may at any time vary such rules and regulations. At regular meetings, the Trustees agree the area of activity for the trust, as well as reviewing policies, securing accountability, and measuring performance.
Induction and training of new trustees
There are informal procedures for induction and training of new trustees. Trustees are also encouraged to attend external briefings and training courses. No new trustee has been appointed in the period of this report.
Risk Assessment
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 those risks.
Statement of trustees' responsibilities
The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charity SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. 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 irregularities.
Approved by order of the board of trustees on 17 July 2024 and signed on its behalf by:
Naushad Abdul Aziz - Trustee
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REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF DARUL ULOOM AL ARABIYA AL ISLAMIYA
Opinion
We have audited the financial statements of Darul Uloom Al Arabiya Al Islamiya (the 'charity') for the year ended 31 August 2023 which comprise the Statement of Financial Activities, the Statement of Financial Position, the Statement of Cash Flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
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In our opinion the financial statements:
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give a true and fair view of the state of the charity's affairs as at 31 August 2023 and of its incoming resources and application of resources, for the year then ended;
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have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
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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 Auditors' 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 trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.
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.
In connection with our audit of the financial statements, 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 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.
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:
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the information given in the Report of the Trustees is inconsistent in any material respect with the financial statements; or
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sufficient accounting records have not been kept; or
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the financial statements are not in agreement with the accounting records and returns; or
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we have not received all the information and explanations we require for our audit.
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REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF DARUL ULOOM AL ARABIYA AL ISLAMIYA
Responsibilities of trustees
As explained more fully in the Statement of Trustees' Responsibilities, the trustees are responsible for the preparation of the financial statements which 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.
Our responsibilities for the audit of the financial statements
We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.
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 a Report of the Independent Auditors 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.
The extent to which the audit was considered capable of detecting irregularities including fraud
Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:
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the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;
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we identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of the sector;
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we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the charity including data protection, anti-bribery, employment and health and safety legislation;
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we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and
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identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.
We assessed the susceptibility of the company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:
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making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and
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considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.
To address the risk of fraud through management bias and override of controls, we:
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performed analytical procedures to identify any unusual or unexpected relationships;
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tested journal entries to identify unusual transactions;
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REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF DARUL ULOOM AL ARABIYA AL ISLAMIYA
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assessed whether judgements and assumptions made in determining the accounting estimates indicative of potential bias; and
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investigated the rationale behind significant or unusual transactions.
In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:
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agreeing financial statement disclosures to underlying supporting documentation;
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reading the minutes of meetings of those charged with governance;
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enquiring of management as to actual and potential litigation and claims; and
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reviewing correspondence with HMRC, relevant regulators including the Health and Safety Executive, and the company’s legal advisors.
There are inherent limitations in our audit procedures described above. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.
Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.
Use of our report
This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed.
Xeinadin Audit Ltd (Statutory Auditor) 100 Barbirolli Square Manchester M2 3BD
23 July 2024
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DARUL ULOOM AL ARABIYA AL ISLAMIYA STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2023
----- Start of picture text -----
2023 2022
Unrestricted Total
funds funds
Notes £ £
Income and endowments from
Donations and legacies 2 412,376 84,088
Charitable activities 3
Charitable activities 888,219 736,759
Total 1,300,595 820,847
Expenditure on
Charitable activities 4
Charitable activities 1,140,430 960,061
NET INCOME/(EXPENDITURE) 160,165 (139,214)
Reconciliation of funds
Total funds brought forward 2,380,699 2,519,913
Total funds carried forward 2,540,864 2,380,699
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The notes form part of these financial statements
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DARUL ULOOM AL ARABIYA AL ISLAMIYA
STATEMENT OF FINANCIAL POSITION 31 AUGUST 2023
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2023 2022
Unrestricted Total
funds funds
Notes £ £
Fixed assets
Tangible assets 8 2,420,766 2,362,194
Current assets
Debtors 9 97,850 114,353
Cash at bank and in hand 155,854 111,247
253,704 225,600
Creditors
Amounts falling due within one year 10 (133,606) (207,095)
Net current assets 120,098 18,505
Total assets less current liabilities 2,540,864 2,380,699
NET ASSETS 2,540,864 2,380,699
Funds 11
Unrestricted funds 2,540,864 2,380,699
Total funds 2,540,864 2,380,699
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The financial statements were approved by the Board of Trustees and authorised for issue on 17 July 2024 and were signed on its behalf by:
Naushad Abdul Aziz - Trustee
Sulaiman Hafejee - Trustee
The notes form part of these financial statements
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DARUL ULOOM AL ARABIYA AL ISLAMIYA
STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2023
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2023 2022
Notes £ £
Cash flows from operating activities
Cash generated from operations 1 145,879 31,282
Net cash provided by operating activities 145,879 31,282
Cash flows from investing activities
Purchase of tangible fixed assets (101,272) (77,618)
Net cash used in investing activities (101,272) (77,618)
Change in cash and cash equivalents
in the reporting period 44,607 (46,336)
Cash and cash equivalents at the
beginning of the reporting period 111,247 157,583
Cash and cash equivalents at the end
of the reporting period 155,854 111,247
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The notes form part of these financial statements
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DARUL ULOOM AL ARABIYA AL ISLAMIYA
NOTES TO THE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2023
| 1. Reconciliation of net income/(expenditure) to net cash flow from operating activities 2023 £ Net income/(expenditure) for the reporting period (as per the Statement of Financial Activities) 160,165 Adjustments for: Depreciation charges 42,700 Decrease in debtors 16,503 (Decrease)/increase in creditors (73,489) Net cash provided by operations 145,879 |
2022 £ (139,214) 39,143 20,317 111,036 31,282 |
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2. Analysis of changes in net funds
| Net cash Cash at bank and in hand |
At 1.9.22 Cash flow At 31.8.23 £ £ £ 111,247 44,607 155,854 |
|---|---|
| 111,247 44,607 155,854 |
|
| Total | 111,247 44,607 155,854 |
The notes form part of these financial statements
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DARUL ULOOM AL ARABIYA AL ISLAMIYA NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023
1. Accounting policies
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% per annum straight line basis Fixtures and fittings - 15% on reducing balance Motor vehicles - 15% on reducing balance
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Financial instruments
The charity only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at amortised cost. Financial assets held at amortised cost comprise cash and bank in hand, trade debtors and other debtors £253,704 (2022: £215,868). Financial liabilities held at amortised cost comprise all creditors except social security and other taxes £133,606 (2022: £207,095).
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DARUL ULOOM AL ARABIYA AL ISLAMIYA
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2023
| 2. Donations and legacies Donations 3. Income from charitable activities Activity School fees Charitable activities 4. Charitable activities costs Charitable activities 5. Support costs Management £ Charitable activities 288,551 Support costs, included in the above, are as follows: Management Rates and water Insurance Light and heat Telephone Postage and stationery Sundries Cleaning Travel expenses Repairs and renewals Depreciation of tangible assets |
Direct Costs £ 788,469 Finance £ 2,295 |
2023 £ 412,376 2023 £ 888,219 Support costs (see note 5) £ 351,961 Governance costs £ 61,115 2023 Charitable activities £ 33,060 7,426 147,512 1,094 10,488 11,284 4,316 3,693 26,978 42,700 288,551 |
2022 £ 84,088 2022 £ 736,759 Totals £ 1,140,430 Totals £ 351,961 2022 Total activities £ 22,103 7,588 128,831 1,088 9,053 9,100 3,449 1,850 13,167 39,143 235,372 |
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DARUL ULOOM AL ARABIYA AL ISLAMIYA NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2023
5. Support costs - continued Finance
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||||
|---|---|---|
|2023|2022|
|Charitable|Total|
|activities|activities|
|£|£|
|Bank charges|2,295|371|
|Governance costs|
|2023|2022|
|Charitable|Total|
|activities|activities|
|£|£|
|Auditors' remuneration|4,200|3,600|
|Accountancy and legal fees|56,915|49,085|
|61,115|52,685|
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6. Trustees' remuneration and benefits
There were no trustees' remuneration or other benefits for the year ended 31 August 2023 nor for the year ended 31 August 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 August 2023 nor for the year ended 31 August 2022.
7. Staff costs
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|---|---|---|
|2023|2022|
|£|£|
|Wages and salaries|556,116|523,648|
|Social security costs|5,130|2,574|
|Other pension costs|2,210|1,111|
|563,456|527,333|
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The average monthly number of employees during the year was as follows:
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|---|---|---|
|2023|2022|
|Staff|66|66|
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No employees received emoluments in excess of £60,000.
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DARUL ULOOM AL ARABIYA AL ISLAMIYA
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2023
8. Tangible fixed assets
| Freehold property £ Cost At 1 September 2022 2,355,411 Additions 23,662 At 31 August 2023 2,379,073 Depreciation At 1 September 2022 165,753 Charge for year 9,516 At 31 August 2023 175,269 Net book value At 31 August 2023 2,203,804 At 31 August 2022 2,189,658 9. Debtors: amounts falling due within one year Trade debtors Other loans Other debtors Prepayments 10. Creditors: amounts falling due within one year Trade creditors Other creditors 11. Movement in funds Unrestricted funds Unrestricted funds TOTAL FUNDS |
Fixtures and fittings £ 928,845 71,056 999,901 756,309 32,815 789,124 210,777 172,536 At 1.9.22 £ 2,380,699 2,380,699 |
Motor vehicles £ - 6,554 6,554 - 369 369 6,185 - 2023 £ 18,575 63,365 5,561 10,349 97,850 2023 £ 6,338 127,268 133,606 Net movement in funds £ 160,165 160,165 |
Totals £ 3,284,256 101,272 3,385,528 922,062 42,700 964,762 2,420,766 2,362,194 2022 £ 36,619 63,365 4,637 9,732 114,353 2022 £ 33,394 173,701 207,095 At 31.8.23 £ 2,540,864 2,540,864 |
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DARUL ULOOM AL ARABIYA AL ISLAMIYA NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2023
11. Movement in funds - continued
Net movement in funds, included in the above are as follows:
| Incoming Resources resources expended £ £ Unrestricted funds Unrestricted funds 1,300,595 (1,140,430) TOTAL FUNDS 1,300,595 (1,140,430) Comparatives for movement in funds Net movement At 1.9.21 in funds £ £ Unrestricted funds Unrestricted funds 2,519,913 (139,214) TOTAL FUNDS 2,519,913 (139,214) Comparative net movement in funds, included in the above are as follows: Incoming Resources resources expended £ £ Unrestricted funds Unrestricted funds 820,847 (960,061) TOTAL FUNDS 820,847 (960,061) |
Movement in funds £ 160,165 160,165 At 31.8.22 £ 2,380,699 2,380,699 Movement in funds £ (139,214) (139,214) |
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12. Related party disclosures
There were no related party transactions for the year ended 31 August 2023.
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DARUL ULOOM AL ARABIYA AL ISLAMIYA DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2023
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2023 2022
£ £
Income and endowments
Donations and legacies
Donations 412,376 84,088
Charitable activities
School fees 888,219 736,759
Total incoming resources 1,300,595 820,847
Expenditure
Charitable activities
Wages 556,116 523,648
Social security 5,130 2,574
Pensions 2,210 1,111
Books and School trips 46,724 21,159
Canteen costs 178,289 123,141
788,469 671,633
Support costs
Management
Rates and water 33,060 22,103
Insurance 7,426 7,588
Light and heat 147,512 128,831
Telephone 1,094 1,088
Postage and stationery 10,488 9,053
Sundries 11,284 9,100
Cleaning 4,316 3,449
Travel expenses 3,693 1,850
Repairs and renewals 26,978 13,167
Freehold property 9,516 9,422
Fixtures and fittings 32,815 29,721
Motor vehicles 369 -
288,551 235,372
Finance
Bank charges 2,295 371
Governance costs
Auditors' remuneration 4,200 3,600
Accountancy and legal fees 56,915 49,085
61,115 52,685
Total resources expended 1,140,430 960,061
Net income/(expenditure) 160,165 (139,214)
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This page does not form part of the statutory financial statements
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