REGISTERED CHARITY NUMBER: 506980 DARUL ULOOM AL ARABIYA AL ISLAMIYA REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Xeinadin Audit Ltd (Statutory Auditor) Ground Floor Citygate Longridge Rd Preston PR2 5BQ
DARUL ULOOM AL ARABIYA AL ISLAMIYA CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Pago Referenco and Administrative Details Report of the Trustees Report of the Independent Auditors Statement of Financial Activities statement of Financial Position Statement of Cash Flows Notes to the Statement of Cash Flows 10 Notes to the Financial Statements 11 to 15
DARUL ULOOM AL ARABIYA AL ISLAMIYA REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 AUGUST 2024 Trustees Naushad Abdul Aziz Sulaiman Hafejee Ibrahim Mohammad Arnin Gajaria Rachid Daud Ismael Principal address 149 Holcombe Old Road Holcombe Bury Lancashire BL8 4NG Registered charity number 506980 Independent auditors Xeinadin Audit Ltd (Statutory Auditor) Ground Floor Citygate Longridge Rd Preston PR2 5BQ Page 1
DARUL ULOOM AL ARABIYA AL ISLAMIYA REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2024 The Trustees present their Annual Report and the accompanying financial slatemenls for the year ended 31 August 2024. These have been prepared in accordance with the Charities Statement of Recommended Practice ISORP) applicable to charities preparing their accounts under the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102). Objectives and activities Objectives and aims The Trust's core charitable objective, as set out in its founding deed, is lo establish and operate an educational institution dedicated lo the training of sludenls for Islamic scholarship and priesthood, as well as the continued education of qualified Islamic scholars. In pursuit of this mission, the Charity oversees the operation of Darul Uloom Al Arabiya A Islamiya, a registered independent boarding school for boys {DfE Registration No. 35116007}. The institution provides a comprehensive curriculum integrating advanced Islamic sciences with a robust secular education across KS3. KS4, and KS5. Students, aged belween 11 and 23, are nurtured to become not only knowledgeable scholars but also engaged global citizens. The school has consistently prepared ils graduates for successful transitions into higher education, with many alumni progressing to undergraduate, graduate, and doctoral studies in a wide array of disciplines. Darul Uloom takes pride in fostering spiritual refinement, intellectual rigour, and moral leadership among its pupils. With an emphasis on holistic development, the school environment nurtures social awareness, emolional intelligence, and spiritual consciousness within an inclusive and respecrful setting. The seminary remains fully committed to upholding its values while embracing the cultural diversity of ils student body. Educational Philosophy and Student Experien¢e Darul Uloom's educational model is deliberately student-centric, with a curriculum designed to meet the linguistic, scientific, mathematical, moral, social. technological, aesthelic, physical, and spiritual needs of its learners. Its flagship Islamic theology programme is grounded in classical scholarship and contextualised for contemporary challenges, equipping students to serve as scholars. educators, chaplains, and leaders in diverse settings. The school fosters an enriching boarding experience, where students live. learn. and grow together in a structured environment that promotes independence. discipline, and spiritual growth. Student-led initiatives and culturally enriching activities cultivate a deep sense of commLJnity, multi-cultural understanding. and civic responsibility. Boarding and Facilities Development The Trustees remain deeply committed to enhancing the boarding and learning environments. In the pOrting year, substsntial capital investment was made towards the refurbishment and modernisation of core facilities. Key achievements include.. Replacement of aged roofing materials to prevent ingress and improve insulation. Installation of double-glazed insulated windows throughout the boarding facilities. Damp-proofing and refurbishment of historical blocks, including external faGade restoration. Overhaul of the heating intraslructure in teaching spaces to ensure energy efficiency and year-round comfort. While further improvement plans were initially envisioned, inflationary pressures and rising operational costs necessitated the reprioritisation of funds to safeguard the quality of existing provision. Location and Historical Background Darul Uloom Al Arabiya Al Islamiya holds the distinction of being the United Kingdom's oldest Islamic seminary of its kind. Established in 1973 by the late Shaykh al-Hadith Hazral Maulana Yusuf Motala (rahimahullahl, the institution relocated in 1977 to its current sile at Holcombe Hall, a prominent historical estate nestled in the village of Holcombe, within the Metropolitan Borough of Bury, Greater Manchester. Situated on the edge of the West Pennine Moors, the campus offers a serene and reflective environment conducive to spiritual and academic development. while remaining well connected via the M66 and surrounding road networks. Achievement and performance Charitable actlvities Academic Out¢omes and Perfomiance Darul Uloom continues to demonslrale academic excellence, as evidenced by significant gains in student outcomes. Page 2
DARUL ULOOM AL ARABIYA AL ISLAMIYA REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2024 GCSE 2024 Highlights: English and Mathematics.. 78 % of students achieved grade 4 or higher. Mathematics- 100°/o attained at least a grade 4. Science= 910/0 achieved grade 4 or above. English Baccalaureate (EBacc)'. 940/0 entry rate (vs. 30 /0 local and 400/0 nationall. Average point score: 5.28 {vs. 3.93 local. 4.07 nationall. Altainment 8 Score.. 46.9, exceeding the local authority average by 1.9 points. Sixth Form Performance: The School maintained an eXptIOnal Sixth Form pass rate across nearly all subjects, with only a single exptiOn. The Trustees continue to drive excellence through strategic improvements to leaching quality. dala-driven interventions, and enriched pastoral support, with a sustained focus on both attainment and value-added outcomes. Financial review Financial position The Charity's financial position remains stable. Its principal revenue streams are tuition fees and charitable donations. The 2024 Ramadan fundraising campaign, delivered with enhanced coordination and outreach, yielded exceptional support from the wider community. The Charity is now registered with the Fundraising Regulator, reflecting its commitment to transparency and best practices in fundraising. Although staffing costs increased due to efforts to maintain low sludent-teacher ratios, core expenditures have remained consistent. Nevertheless, operational costs, particularly those related to boarding provision and energy, have risen sharply in line with national trends. Reseprfes It is the Trustees, policy to maintain unrestricted reserves equivalent lo 12 months of regular expenditure. This reserve level ensures financial resilience. supports forward planning, and mitigates risks associated with unforeseen disruptions. The current reserves remain within the target range. Strategic Outlook and Future Plans Looking ahead. the Trustees are committed to consolidating academic gains and broadening the school's co-currioular and pastoral provision. Strategic priorities for the coming year include: Expansion of academic enrichment opportunities and mentoring support. Collaboration with peer institutions for benchmarking and exchange of best practice. Enhancement of management information syslems and internal communications. A full-scale review of the co-curricular programme to slrengthen spiritual. physical, and creative development in a sustainable framework. The Tnjstees are also exploring new avenues of investment, including potential partnerships and capital development opportunities. to future-proof the school's infrastructure and deepen its impact. Structure, governance and management Governing document The Charity operates under a trust deed dated 1 November 1977, as variously amended, and is registered with the Charity Commission {No. 5069801. Trustee Appointment and Leadership Trustees are appointed by existing members of the Board. The Principal, appointed by the Trustees. holds responsibility for the day-to-day management and slaffing oflhe school. Organisational oversight Trustees meet regularly to determine strategic direction, review performance, monitor risks, and uphold the institulion's charitable aims. Policie5 and procedures are continuously reviewed to ensure compliance. accountability, and educational excellence. Induction and tralning While new trustees are inducted through informal means, Ihey are encouraged to attend sector-specific training and development programmes. No new trustees were appointed during the reporting period. Risk Assessment The Trustees actively monitor and evaluate risks across all operational domains. Where significant risks are identified. appropriate mitigation Strategies and control systems are implemented. Area5 under continued review include safeguarding, health and safety, financial 5U5tainability. and compliance with evolving regulatory frameworks. Page 3
DARUL ULOOM AL ARABIYA AL ISLAMIYA REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2024 Statement of trustees, responslbllltles The Iruslees are responsible for preparing the Report of the Truslees and the financial slatements 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 lo prepare financial slatements 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: select suitable accounting policies and then apply them consistent]y', observe the methods and principles in the Charity SORP., make judgements and estimates that are reasonable and prudent., stale 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 concem 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 lo 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 th board of trustees on . and signed on its behalf by: Naushad Abdul Aziz- Trustee Page 4
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'l for the year ended 31 Augusl 2024 which comprise the Statement of Financial Activities, Ihe 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). In our opinion the financial statements= give a true and fair view of the stale of the charity's affairs as at 31 August 2024 and of its incoming resources and application of resources, 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 ofthe Charities Act 2011. Basis for opinion We conducted our audit in accordance with International Standards on Auditing (UK) {ISAs IUK}) and applicable law. Our responsibilities under Ihose standards are further described in the Auditors, responsibilities for the audit of the financial statements section of our report. We are independent of the charily 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 concem basis of accounting in the preparation of the financial ststemenls is appropriate. Based on the work we have performed, we have nol 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 ITuslees 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 fom of assuran conclusion Ihereon. 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 inconsislencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, b8sed on the work we have perfomed, we conclude that there is a material misstatemenl 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 nolhing 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.. the information given in the Report of the Trustees is inconsistent in any material respect with the financial statements., 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. Responslbilltles of trustees As explained more fully in the Statement of Trustees, Responsibilities, th8 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 Itijstees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so. Page 5
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF DARUL ULOOM AL ARABIYA AL ISLAMIYA 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 wilh the Act and relevant regulations made or having effect Ihereunder. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatemenl, 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 IUKI will always detect a malerial misstalemenl when il 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. Our approach to identifying and assessing the risks of material misstatement in respect of iffegularities. including fraud and non-compliance with laws and regulations. was as follows= the engagemenl partner ensured that the engagement leam collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations., we identified the laws and regulations applicable to the charity through discussions with trustees and other management, and from our commercial knowledge and experience of the sector.. - 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 the Charities Act, data protection, anli-bribery, ernployment, health and safely legislation., we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence.. and identified laws and regulalions were communicated within the audit team regularfy and the team remained alert to instances of non-compliance throughout the audit. We assessed the susceptibility of the charity's financial statements to material misslalement, including obtaining an understanding of how fraud might occur, by= making enquiries of management as to where they considered there was susceptibility lo fraud, their knowledge of actual, suspected and alleged fraud; and considering the internal conln)Is in place to mitigate risks of fraud and non-complian with laws and regulations. To address the risk of fraud through management bias and override of controls. we.. perfomed analytical procedures to identify any unusual or unexpected relationships. lested journal entrie5 to identify unusual transactions- assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias,. and 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 lirnited to.. agreeing financial statement disclosures lo underlying supporting documentation- reading the minutes of meetings of those charged with governance., enquiring of management as to actual and potential litigation and claims- and reviewing correspondence with HMRC. relevant regulators including the Health and Safely Executive, and the company s legal advisors. 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.uklauditorsresponsibilities. 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 stale to them in an auditors, reporl 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 {Slatutory Auditor) Ground Floor Citygale Longridge Rd Preston PR2 5BQ Date.. Page 6
DARUL ULOOM AL ARABIYA AL ISLAMIYA STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2024 2024 Unrestricted funds 2023 Total funds Notes Income and endowrnents from Donations and legacies 362,657 412,376 Charitable activities Charitable activities 888.770 888,219 Total 1,251,427 1.300,595 Expenditure on Charitable activities Charitable activities 1,277,064 1,140.430 NET INCOMEI{EXPENDITUREI (25,6371 160,165 Reconciliation of funds Total funds brought forward 2,540,864 2,380,699 Total funds carried forward 2,515,227 2.540.864 The notes form part of these financial statements Page 7
DARUL ULOOM AL ARABIYA AL ISLAMIYA STATEMENT OF FINANCIAL POSITION 31 AUGUST 2024 2024 Unrestrlcted funds 2023 Total funds Notes Fixed assets Tangible assets 2,523,442 2,420,766 Current assets Debtors Cash at bank and in hand 102,279 45.373 97.850 155.854 147,652 253,704 Creditors Amounts falling due within one year 10 (155,8671 {133,6061 Net current assets 120,098 Total assets less current liabilities 2.515.227 2,540.864 NET ASSETS 2,515,227 2.540,864 Funds Unrestricted funds 11 2,515.227 2,540,864 Total funds 2.515,227 2.540.864 The fin ncial statements were approved by the Board of Trustees and authorised for issue on and were signed on its behalf by.. shad Abdul A2iz- Trustee Sulaiman Hafejee- Trustee The notes fomi part of these financial statements Page 8
DARUL ULOOM AL ARABIYA AL ISLAMIYA STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2024 2024 2023 Notes Cash flows from operating actlvlties Cash generaled from operations 34,768 145,879 Net cash provided by operating activities 34.768 145,879 Cash flows from Investing activities Purchase of tangible fixed assets 145.249) 1Q1,272) Net cash used in investing activities 145,2491 101,272) Change in cash and cash equivalents In the reporting period Cash and cash equivalents at the beginning of the reporting period 1110.481) 44,607 155.854 111,247 Cash and ¢ash equivalents at the end of the reporting period 45,373 155,854 The notes fomi part of these financial statements Page 9
DARUL ULOOM AL ARABIYA AL ISLAMIYA NOTES TO THE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2024 Reconciliation of net (expenditureifincome to net cash flow from operatlng activlties 2024 2023 Net (expenditure)lincome for the reportlng persod (as per the Statement of Financial Activities) Adjustments for: Depreciation charges {Increaseydecrease in debtors Increasel(decrease) in creditors {25,637) 160,165 42.573 {4,428} 22,261 42,700 16,503 73,489 Net cash provlded by operations 34.768 145,879 Analysls of changes in net funds At 1.9.23 Cash flow At 31.8.24 Net cash Cash at bank and in hand 155,854 110,4811 45.373 155.854 110.4811 45.373 Total 155,854 110,4811 45,373 The notes fomi part of these financial statements Page 10
DARUL ULOOM AL ARABIYA AL ISLAMIYA NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 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 1021 '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 IFRS 102) (effective 1 January 2019),. Financial Reporting Slandard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial stslements 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 Iransfer 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 flxed assets Depreciation is provided at Ihe following annual rates in order to write off each asset over its estimated useful life. Freehold propety Fixtures and fittings Motor vehicies 20/0 per annum straight line basis 150/0 on reducing balance 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 noles to the financial stalements. Pension costs and other post-retirement benefits The charity operates a defined contribution pension scheme. Contributions payable to Ihe charity's pension scheme are charged lo the Statement of Financial Activitie5 in the period to which they relate. Financial instruments The charity only has financial assets and liabilitie5 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 arnortised cost comprise cash and bank in hand, trade debtors and other debtors £29,880 {2023.' £253.704). Financial liabilities held at amortised cost comprise all creditors except social security and other taxes £149,860 {2023: £133.606). Page11 continued..
DARUL ULOOM AL ARABIYA AL ISLAMIYA NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2024 Donations and legacies 2024 2023 Donations 362.657 412,376 Income from charitable activities 2024 2023 Activity Charitable activities School fees 888,770 888,219 Charitable activities costs Support costs {see note 51 Direct Costs Totals Charitable activities 855.003 422,061 1,277,064 Support costs Governance costs Management Flnance Totals Charitable activities 328,028 2.096 91.937 422.061 Support costs, included in the above, are as follows.. Management 2024 Charitable activities 2023 Total activities Rates and water Insurance Light and heat Telephone Postage and stationery Sundries Cleaning Travel expenses Repairs and renewals Depreciation of tangible assels 35.459 7,000 153,938 1,509 11,676 9,373 6,669 33,060 7,426 147,512 1.094 10,488 11.284 4,316 11 2.155 57.676 42,573 3,693 26.978 42.700 328,028 288,551 Finance 2024 Charitable activities 2023 Total activities Bank charges 2,096 2,295 Page 12 continued...
DARUL ULOOM AL ARABIYA AL ISLAMIYA NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2024 Support costs - contlnued Governance costs 2024 Charltable activities 2023 Total a¢tlvities Auditors, remuneration Accountancy and legal fees 4,800 87,137 4,200 56.915 91,937 61,115 Trustees. remuneration and benefits There were no trustees, remuneration or other benefits for the year ended 31 August 2024 nor for the year ended 31 August 2023. Trustees. expenses There were no 31 August 2023. trustees. expenses paid for the year ended 31 August2024 nor for the year ended Staff costs 2024 2023 Wages and salaries Social security costs Other pension costs 625,667 11,381 1,851 556.116 5.130 2,210 638,899 563.456 The average monthly number of employees during the year was as follows.. 2024 66 2023 66 staff No employees received emoluments in excess of £60,000. Tangible fixed assets Fixtures and flttings Freehold property Motor vehicles Totals Cost At 1 September 2023 Additions 2,379,073 128,118 999.901 17,131 6,554 3.385,528 145.249 At 31 August 2024 2.507.191 1,017,032 6,554 3.530.777 Depreeiatlon At 1 September 2023 Charge for year 175,269 10.029 789.124 31,617 369 927 964,762 42.573 At 31 Augusl 2024 185.298 820,741 1.296 1,007,335 Net book value Al 31 August 2024 2,321,893 196.291 5.258 2,523,442 At 31 August 2023 2,203,804 210.777 6,185 2,420,766 Page 13 continued...
DARUL ULOOM AL ARABIYA AL ISLAMIYA NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2024 Debtors: amounts falling due within one year 2024 2023 Trade debtors Other loans Other debtors Prepayments 28,385 63,365 1,495 9.034 18,575 63.365 5,561 10.349 102,279 97.850 10. Creditors: amounts falling due within one year 2024 2023 Trade creditors Taxation and social security Other creditors 7.595 6,007 142,265 6.338 127,268 155.867 133.606 11. Movement in funds Net movement in funds At 31.8.24 At 1.9.23 Unrestrlcted funds Unrestricted funds 2,540.864 125,637) 2,515,227 TOTAL FUNDS 2.540.864 25.637) 2.515.227 Net movement in funds, included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds Unreslricled funds 1,251,427 {1.277.064) {25,6371 TOTAL FUNDS 1,251,427 1,277,064) 25,637} Comparatives for movement In funds Net movement in funds At 31.8.23 At 1.9.22 Unrestricted funds Unrestricted funds 2,380,699 160,165 2,540,864 TOTAL FUNDS 2.380.699 160,165 2.540.864 Page 14 continued...
DARUL ULOOM AL ARABIYA AL ISLAMIYA NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2024 Movement In funds - continued Comparative net movement in funds, included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds Unrestricted funds 1,300,595 (1,140,430) 160.165 TOTAL FUNDS 1,300,595 1,140,430) 160,165 12. Related party disclosures There were no related party transactions for the year ended 31 August 2024. Page 15