REGISTERED CHARITY NUMBER.. SC028261 REPORT OF THE TRUSTEES AND UNAUDITED FtNANCIAL STATEMENTS FOR THE YEAR ENDED 31 December 2022 FOR MADRASA TALEEM UL ISLAM (Instilule of Islamic Studies) Chas Leigh Bro7) & Son Chartered Certified Accouniants 64 Main Street. Cambuslang Glasgow G72 7EP
MADIi4SA TALEEM UL ISLAM (Institute of Islami¢ Studies) CONTENTS OF THE FIIIANCIAL STATEMENTS FOR THE YEAR ENDED 31 December 2022 Page Report of the Trustees Independent Examiner's Report Ststement of Financial Activities Balance Sheet Notes to the Financial Statements
MADRASA TALEEM UL ISLAM {Institute oflslamic Studies) Trustees Annual Re ort and Accounts for the Tr'ear ended 31" December 2022 Scottish Charit number SC028261 Trustees List of Management/office bearers during the year to 31 December 2022: Chair Vice Chair Treasurer General Secretary Joint Gen. Secretar%. Religious matters and aftfiliations General affairs Recruitment an¢J appointment of management committee All of the organisation s management Committee Mem1 were selected by the Board of Trustees according to the constitution. Governing Document The charity is controlled by its governing document. a constitution: and constilutes an unincorporated charity. Risk management The trustees haN'e a dut). lo identifv and reN'iew the risks to which the charit>. is exposed and to ensure appropriate controls are in place to proN'id¢ reasonable &ssuran¢¢ against fraud and error. Charitable Purposes The charitable purposes of MADRASA TALEEM UL ISLAM. as recorded in the constitution. are to promote the cause and interest of Islam w'idely io all communities. in general. and locally.. in parttcular; to provide place(s) of worship for Muslims, Islamic educational CoUes, lectures, seminars and other such fornis of teachings and promolions &s are deemed necessarv for underslanding the broad based teachings and values of Islam: and to proi.ide and promote consultstions and guidance to encourage unity among Muslims, and cthical: moral and tolerant social and economical i'alues. Activities and Aehievements Madrasa Taleem Ul Islam is essentially a mosque based charity. In the vear Madrasa Taleem Ul Islam calered for compulsory. five time pravers as far &s alloM.'¢d under the pandemic 01ClaI guidance. Nonnallv (oui pandemic resiriciions). Eid prayers are also arranged t7¢¢ in the year for two main Muslim Feslivals Eid ul Fitr and Eid ul Adha. During most of the gatherings various imams and N'isiting speakers delii'ered sern]ons and provided guidelines and teachings, based on Quranic and Ahadees (Prophei Muhammad's sa)'ings) knowledge. on numerous topics in order to help make attendee5 better Muslims and citizens in all sphere of life. Madrasa Taleem Ul Islam ran Quranic cl&8s¢s for children 'hO 'ere not only laught how to read Quran in Arabic but also UnderSndIng whai the teachings meant. Page I
MADIUSA TALEEM LL ISLAM {Institute of l$lamie Studies) Trustees Annual Report and Accounts for the year ended 31, December 2022 - eontinued An exiension of one of four buildings owned by the charity {161 Nithsdale Road) has been carried in this and prei'iou5 J'ear. there may remain some residual H'ork to be completed in the nexl N'ear. This extension is at two levels consisling of additional prayer are& library. and research facility. Some upgradation of existing buildings were also carried out. Trustee Remuneration and Expense5 All Trusteemanagern¢nt committee members provided their services on volunlary basis. They did not receive an}, remuneration for their services as Trustees andlor olce bearers. There H'.ere no expenses paid to anor personal expenses (travel, lelephone eic) reimbursed that may have incurred in carrying out their duties as truslees/office bearer. Reserve$ Whilst all funds held by the chartty are unrestricted in the lemjs of the legislation. the trusiees hav¢ designated som¢ reserve5 to assist '1th financial managiemenl and budgeiing of the various activities including ongoing and planned renovation and up gradation of the properties. The trustees are of th¢ opinion that the reserves are sufficient to enable the charity to maintaln ils activilies at a normal level for the ensuing financial year. For and on behalf of MADRASA TALEEM UL ISLAM Chair 28 September2023 Page 2
INDF.PENDEliT EXAMI)ER'S REPORT TO THE TRUSTEES OF MADRASA TALEE,M UL ISLAM I rew)rt on the accounts of the chariiy for the year ended 31 December 2022 set out on pages four to eight. Respective r¢sponsibiliti¢5 of trnstees and examiner The Charity's trusiees are responsible for the preparation of the accounts in accordance with the tenns of the Charities and Trustees Investmeni (Scotland) Act 2005 and the Charities Accounts (Scoiland) Regulations 2006. The charit}, s trustees consider thai the audit requirement of Regulation l O{ l ){a) to (c) of the Accounts Regulations does not appl). It is my reswnsibilil> to examine Ihe accounts as required under Section 44 (l Mc) of the Aci and to state whether particular rnatte have come to my attention. Basis of the independent examiner's report My examination is carried oui in accordance Mqth Regulation I l of the Charities Accounts (Scoiland) R¢gFulations 2006. An examination includes a rei'iew of the accounting records kept b) the charit! and a compari50n of the accounts presenied '1th those records. It also includes consideration of any unusual items or disclosures in the accounls and seeking explanations from the trustees concerning any such Matters. The procedures undertaken do not provide all the evidence that 'OUld be required in an audit, and consequently I do noi express an audil opinion on the view given by the accounts. Independent examiner'$ statement In the course of my examination: no matter has come to my attention: ( l ) which gives me reasonable cause to believe thaL in any maierial respecl, the requirements to k¢ep accounling records in accordance 7th Section (44)(1)(a) of lh¢ 2005 Act and Regulation 4 of the 2006 Accounts Regulaiions. and to prepare accounts which accord '1th the accounting records and comply with Regulation 8 of the 2006 Accounts Regulations have not been met, or (2) to whicm in my opinion. attention should be dralvn in order to enable a proper understanding of ,li l)ed. Lountant 64 Main Streel, Cambuslang Glasgow G72 7EP 28 September2023 Page 3
MADRASA TALEEM UL ISLAM (Institute of Islamie Studie5) STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022 31.12.22 Total Funds 31.12.21 Totsl Funds unrestn.cted Restricted Funds Funds Notes INCOMING RESOURCES Incoming resources from generated funds Voluntary income 81.627 81,627 116.371 Investment income 7.744 7,744 5,877 Other incoming resources Incomlng resouces frorn charltable activibes Fee income 28,613 28.613 11.198 Totsl Incoming resources 117.984 117.984 133,446 RESOURCES EXPENDED Costs of generating funds Costs of generating voluntary income and charitable actiwties 76.964 76.964 51,442 Govemanee Costs 1,202 1,202 1.125 Total Resources EXnded 78.166 78,166 52,567 NET INCOMINGIIOUTGOINGI RESOURCES 39.818 39,818 80,879 RECONCILIATION OF FUNDS Funds brought forward 2.139,904 2,139,904 2.059.025 TOATL FUNDS CARRIED FORWARD 2,179,722 2,179.722 2,139,904 Page 4
MADRASA TALEEM UL ISLAM (Institute of Islamic Studies) BALANCE SHEET AT 31 December 2022 31.12.22 Total Funds 31.12 21 Totsl Funds Unrestricted Funds Restricted Funds FIXED ASSETS Tangible assets Notes 2,028,876 2,028.876 2,025,384 CURRENT ASEETS Debtors and prepaymer Cash at bank and In hand 152.765 152.765 152.765 152,765 116.210 116.210 CREDITORS Amounts falling due wthin one year 1.919 1,919 1,690 NET CURRENT ASSETS 150,846 150.846 114,520 TOTAL ASSETS LESS UABILITIES 2,179.722 2.179,722 2.139,904 CREDITORS Amounts falling due after more than one year NET ASSErs 2,179.722 2.179.722 2,139,904 FUNDS 10 Unrestricted funds Reslncted funds 2,179.722 2,139,904 TOTAL FUNDS 2,179.722 2,139,904 The finanaal statements were approved by the Board of TnJstees on 29 September 2022. and were signed on its behaff by.. Page 5
MADRASA TALEEM UL ISLAM (Institute of Islamic Studies) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 I. ACCOUNTING POLICIES Accounting eonvenlion The financial staiemenls have been prepared under the historical cost convenlion and in accordance with the Financial Reporting Stsndards for Smaller Entities (effective January 2009), Ihe Chariiies and Trustees Investmeni (Scoiland) Act 2005 and the requlrements of the SL2tement of Recommended Practice, Accounting and RetM)rting by Charities. Incoming resources All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. Resources expended Expenditure ts accounted for on an accruals basis and has been cl&ssified under headings that aggregate all costs relaied io the category. Where costs cannot be direcily attributed lo particular headings they have been allocaled to activities on a b&sis Consistent with the use of resources. Taxation The charity is exempt from t&x on its charitsble activities. Fund accounling Unrestricled funds can be used in accordance the charitable objectives at the discretion of the trustees. Restricted funds Can only be used for particular restricted putposes within the objects of the charity. Restriclions arise when specified by the donor or when funds are raised for particular restrict¢d purwses. Further explanalion of the nature and PUTpose of each fund is included in the notes lo the financial ststements. 2. Voluntary Income 31.12.22 31.12.21 Collection&Donations 3. INVESTMENT INCOME 31.12.22 31.12.21 Rental income from a UK property Pag¢ 6
MAD114SA TALEEM UL ISLAM {Institut¢ of IslamRC Studies) NOTES TO THE FINANCIAL STATEMENTS- CONTINLTED FOR THE YEAR ENDED 31 DECEMBER 2022 4. COSTS OF GENEIL4TING VOLUNTARY INCOME AND CHARITABLE ACTIVITIES jl.l? ?2 31.12.21 Emplovees costs Premises cosls including insuranc¢ Repairs and maintenance Ramadhan festivities and class supplies Charitable activities and donaiions Adrnini5trdtion and sundry. expenses Depreciation 55.518 11,830 3.384 2.903 29,486 12,555 5.448 605 588 964 S. GOVERNANCE COSTS 31.12.22 31.12.21 Accounlan¢y and legal fees 6. TRUSTEES, REMUNERATION AND BENEFITS Trustees, Remuneralion There H'"ere no trusiees and/or management committee members received any remuneration and benefits for the vear ended 31 December 2022 and nor for the year ended 2020. Trustees, Expenses There were no trustees, expenses paid for the vear ended 31 Decem[ 2022 and nor for the year ended 2020. 7. FIXED ASSETS Equipment 159 Nf(hsdale Road 161 Nrthsdale 76 Kenmure Road Street 320 Maxwell Road COSTIN8V At 1 January 2022 Addibons. Totsl 58,013 160 4C6,555 1,391,047 6.056 87.822 126,500 2.007,393 6,216 Disposals At 31 December 2022 58.173 4[.555 1.397.103 87.822 126,500 2,076,153 DEPRECIATION Al 1 January 2022 Charge for year Eliminated on disposal 44.553 2.724 44,553 2,724 Al 31 December 2022 47,277 NET BOOK VALUE Al 31 De¢ember 2022 10,8g6 4C6,555 1,397.103 87,822 126,500 2,028,876 Al 1 January 2022 13,460 41,555 1.391.047 87,822 126,500 2,025,384 Page 7
MADRASA TALEEM UL ISLAM {Institute oflslamic Stsdies) NOTES TO THE FINANCIAL STATEMENTS- CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2022 8. DEBTORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR il.12.22 31.12.21 Sundry debtors and prepaid charges CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.22 31.12.21 PAYE and NIC, wages Oiher creditors Loans 771 1,148 400 .290 10. MOVEMENT IN FUNDS Nel movement in funds At 31.12.22 Ai 1.1.22 Unrestricted funds General designated funds 2 139904 2 179 722 TOTAL FUNDS Net movement in funds, included in the above are as follows: Incoming Resources Resources expended Movement in funds Unrestricted funds General and designated funds 117984 TOTAL FUNDS Page 8