Minhaj Education Coatbridge Scottish Charity No.SC051043 Annual Report and Financial Statement Year Ended 30th June, 2024
Trustee's Annual Report For the year ended 30th Juno, 2024. The trustees have pleasure in presenting their report togetkEr with the financial statements and the independent examinerfs report for the year ended 301h June, 2024. Referonco and Admlnistradve Infomiatlon Chartty Name.. Minhaj Education Coatbridge Chanty No.: SC0511)43 Address: 59 Cherrybank Walk, AirdrFe, ML6 OLY Bankers.. Royal Bank of Scotland Plc, 88 HKJh Street. Lanark. ML117ET Current Trustees.. Structyre. Governance and Alanagement Constitution The charity is a Scottish charltable incorporated organization (a SCIO). It rs govemed by rts constitution and the organisation was granted charitable status by OSCR on 14th June 2021. Appointment of trustees The management commrttee, which normalty meets on monthty basis, as is also responsible for control and supervision of day-to4lay operations of the organization. The committee members are recruited from the membership and appointed at the AGM according to the constttution. in the event of mid-term resignation. people can be CCpted by the trustees and raffied at the next AGM. All committee meetings are quorate.
Objgclives and Activilies Charitable Purpose he advanment of education. the advancgment of religion. the provision of recreational facilities. or the organisation of recreational activities, with the object of improving the conditions of lrfe for the persons for whom the facilities or activiknes are primarily intended, the promotion of religious or racial harmonV' Minhaj Education Coatbridge continued with the activity of fund raising during the period under review, the raised funds are utilised in many various charitable activities. Charltable Purposes The main activtties through ts year induded: The provision children's faith study classes Monthly youth gathering for cultural and religious activities. Monthly faith 'mehfils' get together. Aftar Activities during the month of Ramadhan. AGtivitie¥ & Achievements Our main adivities through the year induded fund raising and organising various functions and events. Funds raised were used for the monthly gathering of youth for cultural and religious activities, regular functions and events for faith talks on many topics and the provision of breaking the fasts. Financial Raviaw The accounts have been prepared on a ReIpts & Payments basis and in accordance with the applicable Accounting Standards, Ststement of Recommended Practi, Accounting Reporting by Chartties (SORP 2005) and applicable accounting standards and the Charities Acts 1993.
Financial p•rformanco Minhaj Education Coatbridge financial perfornance was successful for tha year under review. as we did meet our goals in tellns of financial status as we planned. We closed the year with a healthy financial Deficrt of £1,380.08 (with the total of £3,461.28 induding 2023 surplus) and our plan is to continue having a good budget and fundraising strategy in pla. The main areas of fund raising were." faith events, direct debits, can collection via k>cal retail businesses and social media campaign. Plans for future period8 The trustees intend to assess the major risks, in particular those related to the operats.ons and finanrts, and recognise that there is a need to strengthen the Financial Intemal Control systems up to the robust enough to mitigate all major risks. The committee is now committed into ftrture activities, such as., increasing Minhaj Education Coatbridge awareness through community events. INhilst other plans to raise more furKls for th8 organization in order to deliver the good work that is started and widen the ServIS to touch more people in tr£ communty. Declaratlon The trustees declare that they have approved report above on 2811112024, and signed on their behalf by:
Independ•nt Examinetrs Report For the year ended 30th June 2024. I report on the financial accounts for the year ended 30th June 2024. Slat•ment of Responsibilities of Trnstees & Indepgndent Examlner The charity's trustees are responsible for the preparation of the accounts in accordance with the tem5 of the Charities and Trustee5 Investment (ScollarKI) 2005 Act and the charits Accounts (ScoUand) Regulations 2006. The charrty trustees consider that the audit requirement of Regulation 10(1){d) of the Accounts Regulations does not apply. It is my responsibilty to examine the accounts as required under section 44<1) (c) of the 2005 Act and to state whether particular matters have come to my attention. Basis of Indepandént Examlnerfs Statement My examination is carried out under the Regulation 11 of the Chafities Accounts (Scotland) Regulations 20. An examination includes a review of accounting record kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeks explanations from the trustees conmIng any such matters. The procedures undertaken do not provide all the eVen that woukj be required in an audtt and, consequently, I do not express audit opinion on the accounts. Indopendont examinerf8 Statsment In the coutse of my exarniner, no matter has come to my attention 1. thIch gives me reasonable cause to believe that in any material respect the requirements: To keep accounting records in accordance with Section 44(1){a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations, and To prepare accounts whith accord with the accounting records and compty with Regulation 9 of the 2006 Accounts Regulalions have not met. or 2. To which, in my opinion. attention should be drawn in order to enable a proper understarKling of the accounts to be reached. enden+ Exeryiryer
Minhaj Educatlon C•)atbridge Receipts & Payments Accounts Statement 18t Juty 2023 to 30th June, 2024 30.06.24 30.06.23 Receipts (Restricted funds) Receipts (Unrestricted funds) Bank Interest Gfft Aid (HMRC) 1.062.68 3,540.93 Total Recei Payments (unrestricted) Cost of Charttable Activities G0Veman Costs 2.442.76 1.710.46 Total men 2.442.76 1,710.46 Surplusl(Deficit) -1,380.08 1,830.47 Total Surplusl(Deficit 3.461.28 4,841.36
Minhaj Educatlon Coatbrfdga Statement of Balances 30th June, 2024 30.06.24 CASH FUNDS Cash and bank balan at start ofthe year Adjusbnent Total opening balance at start of the year 4,841.36 Surplus (deficit) of the year -1,380.08 Cash and bank balance as at 30.06.24 INVESTMENTS OTHER ASSErs LIABILITIES CONTINGENT UABIUTIES DEPRECIATION
Date: 28111r2024 Date: 28111r2024 Notss to the accounts for the year ended 30th June 2024 1. Basis of accountlng These accounts have been prepared on the receipts and payments basis in accordance with the Charitses & Trustee Investment (Scotland) Act 2005 and the Charities Aco)unts (Scotland) Regulats'ons 2006 (as amended). 2. Nature and purpose of funds Restricted funds & grants are those that may be used at the discretion of the trustees in furtherance of the objectives of the charity. During the year, the charity received nil restricted funds. 3. Related party transactions No remuneration was paid to trustees or any connected persons during the year. 4. Grants Received During the year the charity received nil restricted and nil unrestricted grants. 5. Cost of Charitablo aclivlfjes Payments (Unrestrictod) General Expenses Professional Fee 2,242.76 200.00