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REGISTERED COMPANY NUMBER: 06951099 (England and Wales)
REGISTERED CHARITY NUMBER: 1131563

















TRUSTEES' REPORT AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST AUGUST 2024

FOR

MADRASAH IMAM BUKHARI
(A COMPANY LIMITED BY GUARANTEE)

MADRASAH IMAM BUKHARI

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2024










Page

Trustees' Report 1 to 2

Independent Examiner's Report 3

Statement of Financial Activities 4

Statement of Financial Position 5 to 6

Notes to the Financial Statements 7 to 11

MADRASAH IMAM BUKHARI (REGISTERED NUMBER: 06951099)

TRUSTEES' REPORT
FOR THE YEAR ENDED 31ST AUGUST 2024



The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31st August 2024. 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
Objectives and aims
Madrasah Imam Bukhari aims to advance the religion of Islam by providing Islamic education in accordance with the sunni school of thought.

Public benefit
The School provides language and citizenship classes as well encouraging the students to promote racial and religious harmony.

ACHIEVEMENT AND PERFORMANCE
Charitable activities
The school provides a unique teaching system with continual assessment for its students and teaching staff. Where on a weekly basis a teaching plan is given to individual teachers and at the the end of the week the students are assessed on what they have been taught through the teaching plan.

The school has a tailored syllabus for its eldest students 12 to 13 year olds where the syllabus is drawn up according to relevance rather than the norm of working through teaching books.

The adult women classes introduced last year which run 4 days a week continued in the year, these were provided on a voluntary basis.

FINANCIAL REVIEW
Reserves policy
The school runs a minimum reserves policy with an aim to offset costs and keep a modest surplus.

The school has had a higher uptake of new students and has reluctantly had to increase student fees to cover rising costs.This has resulted in a modest surplus for the year.

FUTURE PLANS
The Madrasah is planning to increase its intake of students for the future and utilise the spare capacity and continuing to take admissions for nursery classes.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
06951099 (England and Wales)

Registered Charity number
1131563

Registered office
159 Loughborough Road
Leicester
Leicestershire
LE4 5LR


MADRASAH IMAM BUKHARI (REGISTERED NUMBER: 06951099)

TRUSTEES' REPORT
FOR THE YEAR ENDED 31ST AUGUST 2024


Trustees
Mr Z H Patel Principal and Chair
Mr A R Kali Sales Assistant
Mr Y Makadam Manager
Mr A A Moti Self-employed
Mr K A Patel Minister of Religion

Company Secretary
Mr K A Patel

Independent Examiner
Nazir Malida FCCA
Watergates Ltd
109 Coleman Road
Leicester
LE5 4LE

Approved by order of the board of trustees on 23rd May 2025 and signed on its behalf by:





Mr Z H Patel - Trustee

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
MADRASAH IMAM BUKHARI


Independent examiner's report to the trustees of Madrasah Imam Bukhari ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31st August 2024.

Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.








Nazir Malida FCCA

Watergates Ltd
109 Coleman Road
Leicester
LE5 4LE

23rd May 2025

MADRASAH IMAM BUKHARI

STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31ST AUGUST 2024

31/8/24 31/8/23
Unrestricted Total
fund funds
Notes £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 3,767 538

Charitable activities
Educational services 115,337 103,040
Total 119,104 103,578

EXPENDITURE ON
Charitable activities
Educational services 116,130 103,607

NET INCOME/(EXPENDITURE) 2,974 (29 )


RECONCILIATION OF FUNDS
Total funds brought forward 6,904 6,933

TOTAL FUNDS CARRIED FORWARD 9,878 6,904

MADRASAH IMAM BUKHARI (REGISTERED NUMBER: 06951099)

STATEMENT OF FINANCIAL POSITION
31ST AUGUST 2024

31/8/24 31/8/23
Unrestricted Total
fund funds
Notes £    £   
FIXED ASSETS
Tangible assets 6 1,423 368

CURRENT ASSETS
Debtors 7 92 2,317
Cash at bank and in hand 13,911 17,750
14,003 20,067

CREDITORS
Amounts falling due within one year 8 (5,548 ) (13,531 )

NET CURRENT ASSETS 8,455 6,536

TOTAL ASSETS LESS CURRENT
LIABILITIES

9,878

6,904

NET ASSETS 9,878 6,904
FUNDS 9
Unrestricted funds 9,878 6,904
TOTAL FUNDS 9,878 6,904

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2024 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.


MADRASAH IMAM BUKHARI (REGISTERED NUMBER: 06951099)

STATEMENT OF FINANCIAL POSITION - continued
31ST AUGUST 2024

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 23rd May 2025 and were signed on its behalf by:





Mr Z H Patel - Trustee

MADRASAH IMAM BUKHARI

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2024


1. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
The financial statements of the charitable company, 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 Companies Act 2006. 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.


Fixtures and fittings - 15% on cost

TAXATION
The charity is exempt from corporation 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 charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.


MADRASAH IMAM BUKHARI

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2024


2. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

31/8/24 31/8/23
£    £   
Depreciation - owned assets 303 210

3. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31st August 2024 nor for the year ended 31st August 2023.


Mr Z H Patel is a trustee of the Charity in the current and previous year. Mr Z H Patel was paid £12,357 ( 2023 £11,069) for his duties as principal.

TRUSTEES' EXPENSES

There were no trustees' expenses paid for the year ended 31st August 2024 nor for the year ended 31st August 2023.


4. STAFF COSTS

The average monthly number of employees during the year was as follows:

31/8/24 31/8/23
Teaching staff 17 17
Administrative staff 2 2
19 19

No employees received emoluments in excess of £60,000.

5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£   
INCOME AND ENDOWMENTS FROM
Donations and legacies 538

Charitable activities
Educational services 103,040
Total 103,578

EXPENDITURE ON
Charitable activities
Educational services 103,607

NET INCOME/(EXPENDITURE) (29 )


MADRASAH IMAM BUKHARI

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2024


5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted
fund
£   

RECONCILIATION OF FUNDS
Total funds brought forward 6,933

TOTAL FUNDS CARRIED FORWARD 6,904

6. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1st September 2023 5,159
Additions 1,358
At 31st August 2024 6,517
DEPRECIATION
At 1st September 2023 4,791
Charge for year 303
At 31st August 2024 5,094
NET BOOK VALUE
At 31st August 2024 1,423
At 31st August 2023 368

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/24 31/8/23
£    £   
Trade debtors - 2,178
Prepayments and accrued income 92 139
92 2,317


MADRASAH IMAM BUKHARI

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2024


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/24 31/8/23
£    £   
Social security and other taxes - 390
Wages control account - 6,726
Accruals and deferred income 5,548 6,415
5,548 13,531

9. MOVEMENT IN FUNDS
Net
movement At
At 1.9.23 in funds 31.8.24
£    £    £   
Unrestricted funds
General fund 6,904 2,974 9,878

TOTAL FUNDS 6,904 2,974 9,878

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 119,104 (116,130 ) 2,974

TOTAL FUNDS 119,104 (116,130 ) 2,974


Comparatives for movement in funds

Net
movement At
At 1.9.22 in funds 31.8.23
£    £    £   
Unrestricted funds
General fund 6,933 (29 ) 6,904

TOTAL FUNDS 6,933 (29 ) 6,904

MADRASAH IMAM BUKHARI

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2024


9. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 103,578 (103,607 ) (29 )

TOTAL FUNDS 103,578 (103,607 ) (29 )

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement At
At 1.9.22 in funds 31.8.24
£    £    £   
Unrestricted funds
General fund 6,933 2,945 9,878

TOTAL FUNDS 6,933 2,945 9,878

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 222,682 (219,737 ) 2,945

TOTAL FUNDS 222,682 (219,737 ) 2,945

10. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31st August 2024.