| CONTENTS | PAGE | |
|---|---|---|
| Trustees Annual Report |
1-6 | |
| Independent Examiner's |
report | |
| Statement of Financial | Activities | |
| Balance sheet | ||
| Cash Flaw Statement | 10 | |
| Notes to the Financial Statements | 11-18 |
| Registered charity | name | TAYYIBAH EDUCATIONAL | TAYYIBAH EDUCATIONAL | TRUST |
|---|---|---|---|---|
| Charity registration | number | 1056343 | ||
| Principal and Registered office | 88Filey Avenue, | London, N16 | 6JJ |
| YEA | R ENDED 31 | AUGUST 2 | 020 | ||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | Total Funds | ||
| Funds | Funds | 2020 | 2019 | ||
| Note | |||||
| INCOMING RESOURCES | |||||
| Voluntary income |
3 | 6,568 | 6,568 | 5 344 | |
| Incoming Resources |
from | ||||
| Charitable Activities |
3 | 492,129 | 492,129 | 578,014 | |
| Other Income- CJRS Grant | 125,454 | 125,454 | |||
| TOTAL INCOMING RKSOURCKS |
624,151 | 624,151 | 583,358 | ||
| RESOURCES EXPENDED | |||||
| Charitable activities |
4/6 | (548,066) | (548,066) | (614,776) | |
| TOTAL RESOURCES | |||||
| EXPENDED | (548,066) | —— | (548,066) | (614,776) | |
| NKT INCOMING | |||||
| RESOURCES FORTHE | |||||
| YEA'R | 7 | 76,085 | 76,085 | (31,418) | |
| RECONCILIATION | OF FUNDS | ||||
| Total funds brought forward |
1,108,972 | 1,108,972 | 1,140,390 | ||
| TOTAL FUNDS CARRIED | |||||
| FORWARD | 1,185,057 | 1,185,057 | 1,108,972 |
| 20211 | ||||||
|---|---|---|---|---|---|---|
| I toehold Pl'(ipelil |
LIS1,3%i | |||||
| I'an tibia assai,s | 18,302 | |||||
| CUiRRL'i"iT ASSFTS | ||||||
| Dehtiirs | 10 | |||||
| Cash ar. bank ani! in |
h&md | i7.001 | ||||
| Other I)ebtora | 10A | 2if, It30 | ||||
| CRFOITORS: Amounts | 4lffng dne within | one | ||||
| &I | (90,761) | |||||
| TOTAL ASSFTSLES+CURBF'WT I.IAI3II.ITIES | ||||||
| FUisIOS | ||||||
| bilirrslrteterl Inoialltc |
Iuriils | |||||
| TOTAL FUNDS | 1,185,087 |
| 2020 | 2020 | 2019 | ||||||
|---|---|---|---|---|---|---|---|---|
| RECONCILIATION | OF NKT INCOMING/(OUTGOING) | RESOURCES | BEFORE | |||||
| TRANSFERS TO NET CASH INFLOW/(OUTFLOW) | FROM OPERATING | |||||||
| ACTIVITIES | ||||||||
| Net incoming/(outgoing) | resources before | transfers | 46,976 | (31,418) | ||||
| Depreciation | 6,100 | 8,135 | ||||||
| Decrease in debtors | 10,000 | 30,000 | ||||||
| Increase/(Decrease) in |
creditors | 23,311 | (34,704) | |||||
| Net cash inflow/(outflow) from operating |
activities | 86,387 | (27,987) | |||||
| CAPITAL EXPENDITURE | ||||||||
| Payments to acquire tangible |
fixed assets | (2,000) | ||||||
| Net cash outflow from | capital | expenditure | (2,000) | |||||
| Cash inflow/(outflow) | before | financing | 86,387 | (29,987) | ||||
| FINANCING | ||||||||
| Net outflow fiom bank | loans | (14,999) | (30,00l) | |||||
| Net cash outflow from | financing | (14,999) | (30,001) | |||||
| INCREASE/(DECREASE) | IN CASH | 71,388 | (59,988) | |||||
| RECONCILIATION | OF NET CASH FLOW MOVEMENT | TO MOVEMENT | ||||||
| IN NET FUNDS | ||||||||
| 2020 | 2019 | |||||||
| 71,388 | (59,988) | |||||||
| 14,999 | 30,001 | |||||||
| Change in net funds |
86,387 | (29,987) | ||||||
| Net debt at 1 September 2019 | (29,326) | 661 | ||||||
| Net funds at 31 August | 2020 | 57,061 | (29,326) | |||||
| 2020 | 2019 | |||||||
| ANALYSIS OF CHANGES | IN NET FUNDS | |||||||
| 1Sep 19 | Cash flows | 31Aug 20 | ||||||
| Cash at bank | 5,673 | 71,388 | 77,061 | |||||
| Debt due atter I year | (34,999) | 14,999 | (20,000) | |||||
| (29,326) | 86,387 | 57,061 |
| 2A Detailed notes for tbe statement | 2A Detailed notes for tbe statement | 2A Detailed notes for tbe statement | offinancial | activities | activities | ||||
|---|---|---|---|---|---|---|---|---|---|
| 2020 | 2020 | ||||||||
| unrestricted | Restricte | 2020 | |||||||
| d | Total | ||||||||
| Income From | |||||||||
| Donattons | 6,568 | 560 | |||||||
| School Fees | 492,129 | 120 | |||||||
| Other Income- | CJRS Grant | 125454 | |||||||
| Totaliocomc | |||||||||
| Charitable Actsvnies |
548,066 | ||||||||
| Total expeaditure | |||||||||
| Net income / |
expenditure | ||||||||
| Net income/ (expenditare) and losses Net movement in funds Total funds brought forward |
before | other recognised | gains | 1,108,972 | Ol'' | ||||
| Total funds carried furward |
| 20 Detailed compauitives | 20 Detailed compauitives | 20 Detailed compauitives | for the statement | ol' tinancial | ol' tinancial | activities | |||
|---|---|---|---|---|---|---|---|---|---|
| 2019 | 2019 | 2019 | |||||||
| Dnrcstrieted | Restricted | Total | |||||||
| Income Frum | |||||||||
| Donations | 6.344 | ac344- | |||||||
| School Fees | 976.734 | 97gi734, | |||||||
| Other Educational | sales | 1.280 | tv'180 | ||||||
| Total income | tu' | , 883088 | |||||||
| Chantable Achvtbes |
614,776 | ||||||||
| Total expenditure | |||||||||
| Nct income / expenditure |
.cits t,d,)8);-' | ||||||||
| Net incume / (expenditure) |
before other recognised | gaios snd | |||||||
| losses | Isf;dtia) | ||||||||
| Net movement ia |
funds | ||||||||
| Total finds brought | forward | 1,140,390 | .„3;4/40,898 | ||||||
| Total funds carried | forward |
| INCOMING RE | SOURCES | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | Total Funds | ||
| Funds | Funds | 2020 | 2019 | ||
| School Fees | 492,129 | 492,129 | 576,734 | ||
| Other Educational | Sales | 1,280 | |||
| Donation | 6,568 | 6,568 | 5,344 | ||
| Other Income- CJRS Grant | 125,454 | 125,454 | |||
| 624,151 | 624,151 | 583,358 |
| Unrestricted | Restricted | Total Funds | Total Funds | ||
|---|---|---|---|---|---|
| Funds | Funds | 2020 | 2019 | ||
| Light and Heat | 5,503 | 5,503 | 6,868 | ||
| Printing, Postage, Stationary |
5,978 | 5,978 | 7,523 | ||
| School Books | 2,194 | 2,194 | 5,901 | ||
| Exam Fees | 2,146 | 2,146 | 10,246 | ||
| Telephone &Internet | 1,792 | 1,792 | 1,840 | ||
| Repairs dt Maintenance | 5,874 | 5,874 | 474 | ||
| Wages and Salaries | 476,178 | 476,178 | 521,631 | ||
| Insurance | 5,121 | 5,121 | 5,060 | ||
| Rates | 2,134 | 2,134 | 2,101 | ||
| Training | |||||
| Travel | 1,154 | ||||
| Sundry Expenses | 1,768 | 1,768 | 2.422 | ||
| Computer Maintenance |
11,S24 | 11,824 | 10,123 | ||
| Depreciation | 6,101 | 6,101 | 8,134 | ||
| Professional Fees |
17,915 | 17,915 | 18,973 | ||
| Bank. Charges | 1,551 | 2,038 | 1,551 | ||
| Independent Examiner Fees |
1,500 | 1,500 | 1,500 | ||
| Ofsted Inspection | Fees | 9,275 | |||
| ~548 066 | 548 066 | 614776 |
| Direct Costs | io o |
oaoa Io) |
O | 2020 Total | 2019Total | ||
|---|---|---|---|---|---|---|---|
| Light and Heat | 5s503 | 5,503 | 6,868 | ||||
| Printing, Postage, Stationary |
5,978 | 5,978 | 7,523 | ||||
| School Books | 2,194 | 2,194 | 5.901 | ||||
| Exam Fees | 2,146 | 2,146 | 10,246 | ||||
| Telephone k Internet | 1,792 | 1,792 | 1,840 | ||||
| Repairs k Maintenance | 5,874 | 5,874 | 474 | ||||
| Wages and Salaries | 476,178 | 476t178 | 521,631 | ||||
| Insurance | 5,121 | 5,121 | 5,060 | ||||
| Rates | 2,134 | 2,134 | 2,10I | ||||
| Training | |||||||
| Travel | 1,154 | ||||||
| Sundry Expenses | 1,768 | 1,768 | 2,422 | ||||
| Computer Maintenance |
11,824 | 11,824 | 10,123 | ||||
| Depreciation | 6,101 | 6,101 | 8,134 | ||||
| ~sac I |
|||||||
| Professional Fees |
17,915 | 17,915 | 18,973 | ||||
| Bank Charges | 2,038 | 2,038 | 1,551 | ||||
| Independent Examiner Fees |
1,500 | 1,500 | 1,500 | ||||
| Ofsted Inspection Fees | 9,275 | ||||||
| 526,613 | 21,453 | 548,066 | 614„776 | ||||
| NET INCOMING RESOURCES FOR | THE | YEAR | |||||
| This is stated after charging: | |||||||
| 2020 | 2019 | ||||||
| Depreciation | 6,101 | 8,134 | |||||
| Independent Examiner' |
remuneration | 1,500 | 1,500 |
| Total | staff | costs were as follows: | ||
|---|---|---|---|---|
| 2020 | 2019 | |||
| Wages | and | salaries | 476,178 | 521,631 |
| 476,178 | 521,631 |
| 2020 | 2019 | ||
|---|---|---|---|
| No | No | ||
| Number | ofstaff | 30 | 36 |
| 9. TANGIBLE FIX |
EDASSETS | |||
|---|---|---|---|---|
| Freehold | Fixtures | Equipment | Total | |
| Property | &Fittings | |||
| COST | ||||
| At 1 September 2019 |
1,151,346 | 133,006 | 71,520 | 1,355,872 |
| Additions | ||||
| At 31August 2020 | ||||
| DEPRECIATION | ||||
| At 1 September 2019 | 113,312 | 66,811 | 180,123 | |
| Charge for the year | 4,924 | 1,177 | 6,101 | |
| At 31August 2020 | 22IL236 | ~7988 | ~1224 | |
| NET BOOKUALUE | ||||
| At 31August 2020 | ~147 0 | |||
| At 31 August 2019 | ~1151 46 | 19.694 | 4 70 | ~15 4 |
| 10A. | OTH | ER DEBTORS | ||
|---|---|---|---|---|
| Total 2020 | Total 2019 | |||
| CJRS | Grant | Receivahle | 29,1Q9 |
| 2020 | 2019 | |||||||
|---|---|---|---|---|---|---|---|---|
| School Fees Deposits | 37,150 | 40,250 | ||||||
| Creditors | 33,611 | 7,200 | ||||||
| Other Creditors | 15,000 | 15,000 | ||||||
| Loan from Trustee (interest free) | $,000 | 5,000 | ||||||
| Loan from North London Mosque | Trust | 15,000 | ||||||
| 90,761 | 82,450 | |||||||
| 12. | MOVEMENT | IN FUNDS | ||||||
| Balance at | Incoming | Outgoing | Transfers | Balance at | ||||
| 1Sept 2019 | Resources | Resources | 31Aug 2020 | |||||
| Unrestricted | 1,108,972 | 624,151 | (548,066) | 1,185,057 | ||||
| Fund |
| ANALYSIS | OF NET ASSE | TSBETWEEN FUNDS | ||
|---|---|---|---|---|
| Net assets/ (liabilities) | Total 202Q | Total 2019 | ||
| Unrestricted | Income Funds | 1,185,057 | 1,185,057 | 1,108,972 |
| Total Funds | 1,185,057 | 1,185,057 | 1,108,972 |
| Total Unrestricted | Total 2020 | ||
|---|---|---|---|
| Funds 2020 | |||
| 1 | |||
| Tangible | Fixed Assets | 1,169,648 | 1,169,648 |
| Current | Assets | 106,170 | 106,170 |
| Current | Liabilities | (90,761) | (90,761) |
| Total | ~1185057 | 1 185057 |