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2021-08-31-accounts

TAYYIBAH EDUCATIONAL TRUST FINANCIAL STATEMENTS YEAR ENDED 31 AUGUST 2021 Charity Number 1066343
CONTENTS PAGE
Trustees
Annual
Report		 1-6
Independent
Examiner's		 report
Statement
of Financial		 Activities
Balance sheet
Cash Flow Statement 10
Notes to the Financial Statements 11-18

Elected Trus tees:
Mohammed
Saeed Alibhai Dana
Abdul
Sattar Said
Mohmed
Amin Hikmatulla
Rashid Mulla
Sadulla Solkar
Iqbal Dhoodhat
Charity Secretary: Manzoor Balesaria
Bankers: Natwest Bank
135Bishopsgate
London
EC2M 3UR
Independent Examiner Arif Malida
Chartered
Accountants
66 Moyser Road
London SWI66SQ

YEA R ENDED 31 AUGUST 2021
Uurestricted Restricted Total Funds Total Funds
Funds Funds 2021 2020
Note K
INCOME FROM
Voluntary
income		 3 4&907 4,907 6,568
Charitable
Activities		 3 578,240 578,240 492,129
Other Income- CJRS Grant 4,876 4,876 125,454
TOTAL INCOME 588,023 588,023 624,151
EXPENDITURE ON
Charitable
activities		 4/6 (543&559) (543,559) (548,066)
TOTAL EXPENDITURE (543,559) (543&559) (548,066)
NET INCOME FOR THE
YEAR 7 44,464 44,464 76,085
RECONCILIATION OF FUNDS
Total funds brought
forward		 1&185&057 1,185,057 1,108,972
TOTAL FUNDS CARRIED
FORWARD 1429&521 1,229&521 1,185,057

I'IXEIJ ASSI"IS; 2021 1020
Freehold
Vriu)cvy
I',in
ihlc asscis		 0 I,(51,34) I
I, I S I,34()
I3,72() i ih.302
Cf)RREi(T ASSETS
('ash at haul; and in hand
()ther l&ebtors		 10 )2s, ) 35 77,00i I
29.109
CRFI)ITORS: Amounts
)'cal		 fallin„duc within one 127,135
(47,686)		 I0(),170
(7(),7() I )
NFT ('IJRREiNT ASSETS 79,449 35,409
lies,
TOTAL ASSETSLESS CURREiNT LIABILI'I IFli l,244,521 1.205.0S7
CREI&ITORS: Amounts falling due aft«r mnr»
than one year
NE'I' ASSETS		 11A (15,000) (2(),000)
1,229,521 1, 057
FUN(IS
iinrestricteii
income
ft)nds
TOTAL I UN(IS		 12 1,229,521
li229,521		 I.)05,057
I, I Srh(357

2021 2021 2020
f f
RECONCILIATION OF NET INCOMING/(OUTGOING) RESOURCES BEFORE
TRANSFERS TO NET CASH INFLOW/(OUTFLOW) FROM OPERATING
ACTIVITIES
Net incoming/(outgoing) resources before transfers 44,464 76,085
Depreciation 4,576 6,101
Decrease/(Increase)
in		 debtors 29,110 (19,110)
Increase/(Decrease)
in		 creditors (23,075) 23,311
Net cash inflow/(outflow)
from operating		 activities 55,075 86,387
CAPITAL EXPENDITURE
Payments
to acquire tangible		 fixed assets
Net cash outflow from capital expenditure
Cash inflow/(outflow) before financing 55,075 86,387
FINANCING
Net outflow fiom other loans (5,001) (14,999)
Net cash outflow fiom financing (5,001) (14,999)
INCREASE/(DECREASE) IN CASH 50,074 71,388
RECONCILIATION OF NET CASH FLOW MOVEMENT TO MOVEMENT
IN NKT FUNDS
2021 2020
Increase/(Decrease)
in		 cash in the period 50,074 71,388
Cash outflow from other loans 5,001 14,999
Change
in net funds		 55,075 86,387
Net debt at
1 September		 2020 57,061 (29,326)
Net funds at 31 August 2021 112,136 57,061
ANALYSIS OF CHANGES IN NKT FUNDS
I Sep
f		 20 Cash flows
f		 31Aug 21
f
Cash at bank 77,061 50,074 127,135
Debt due afler
1 year		 (20,000) 5,001 (14,999)
57,061 55,075 112,136

2A DetAiled
notes f		 or thc st atement oflioancial
act		 ivities
2021 2021
unrestricted Restricte 2021
d Total
Income Fronr
Donauons 4,907 4,907..
School Fees 578,240 578440 .
OtherIncome-
CJRS Grant		 4 876 4876
Total income 588 023 ~338023
Chantabie
Acuvmes		 543 559 ~543 59
Total evpendlture 343559
Net incoore/espcaditurc 44,464
Net income/(espenditure) before other recognised gains
and losses
Net muvement
in funds
Total funds brought ronsard I 185 057
Total funds carried forward ~t229 52I su

28 Detailed
contpa		 relives I'nr lhe statement ofline acial activities
2020 2020 2020
Ilnrcstricted Restricted Total
Inconte Front
Donatrons 6,568 6468
School Fees 492,129 492,229
Other Income- CIRS Grant
Total incorac
Chsntable
Acttvtues		 548,066 ,548,066
Total expenditure ur
~et income /expcnditurc 76,085
Net income
/ (expenditure)		 before other recognised gains and
losses 76,085 762I85
Net movement
in funds		 76,085 76,085
Total Ands brought forsvard I 08972
Total fends carried fortvard I,I85.057

INCOME FROM
Unrestricted Restricted Total Funds Total Funds
Funds Funds 2021 2020
f f f
School Fees 578,240 578440 492,129
Donation 4,907 4s907 6,568
Other Income- CJRS Grant 4,876 4,876 125,454
588,023 588,023 624,151

CHARITABLE ACTIVITIES
Unrestricted Restricted Total Funds Total Funds
Funds Funds 2021 2020
f.
Light and Heat 6,507 6,507 5,503
Printing,
Postage, Stationary		 2,901 2,901 5,978
School Books 1,009 1,009 2,194
Exam Fees 14,073 14,073 2,146
Telephone & Internet 1,945 1,945 1,792
Repairs &Maintenance 3,975 3,975 5,874
Wages and Salaries 465,794 465,794 476,178
Insurance 5,090 5,090 5,121
Rates 2,071 2,071 2,134
Donation
Grant Cost		 448 448
Travel
Sundry Expenses 1,291 1,291 1,768
Computer
Maintenance		 10,034 10,034 11,824
Depreciation 4,576 4,576 6,101
Professional
Fees		 16)245 16,245 17,915
Bank Charges 2,102 2,102 2,038
independent
Examiner Fees		 1,500 1,500 1,500
Ofsted Inspection Fees 3,998 3,998
~543 559 ~543559 548 066

o
oo ~&
Direct Costs o O 2022 Total 2020 Total
r.
Light and Heat 6,507 6,507 5,503
Printing,
Postage, Stationary		 2,901 2,901 5,978
School Books 1,009 1,009 2,194
Exam Fees 14,073 14,073 2,146
Telephone & Internet 1,945 1,945 1,792
Repairs &Maintenance 3,975 3,975 5,874
Wages and Salaries 465,794 465,794 476,178
Insurance 5,090 5,090 5,121
Rates 2&071 2,071 2,134
Donation
Grant Cost		 448 448
Travel
Sundry Expenses 1,291 1,291 1,768
Computer
Maintenance		 10,034 10,034 11,824
Depreciation
~at c		 4,576 4,576 6,10]
Professional
Fees		 16,245 16/45 17,915
Bank Charges 2,102 2,102 2,038
Independent
Examiner Fees		 1,500 1,500 1,500
Ofsted Inspection Fees 3,998 3,998
519,714 23,845 543&559 548,066
7. NET INCOME FOR THE YEAR
This is stated after charging:
2021 2020
Depreciation 4,576 6,101
Independent
Examiner'		 remuneration 1,500 1,500
15

Total staff costs wer e as follows:
2021 2020
Wages and salaries 465,794 476,178
465,794 476,178
The average monthly number ofemployees during the year was as follows:
2021 2020
No No
Number ofstaff 29 30

9.
TANGIBLE FIXE		 DASSETS
Freehold Fixtures Equipment Total
Property &Fittings
f
COST
At
1 September 2020		 1,151,346 133,006 71,520 1,355,872
Additions
At 31August 2021
DEPRECIATION
At
1 September 2020		 118,236 67,988 186,224
Charge for the year 3,693 883 4,576
At 31August 2021
NET BOOKVALUE
At 31August 2021
At 31 August 2020

Total 2021 Total 2020
CJRS Grant Receivable 29,109

11. CREDITORS: Amounts falling due within one year
2021 2020
School Fees Deposits 34,750 37,150
Creditors 12,936 33,611
47,686 70,761
11A. CREDITORS: Amounts falling due after more than one year
2021 2020
Other Creditors 10,000 15,000
Loan from Ttnstee (interest fice) 5,000 5,000
15,000 20,000

Balance at Incoming Outgoing Transfers Balance at
1Sept 2020
f		 Resources
f		 Resources
f		 31Aug 2021
f.
Unrestricted 1,185,057 588,023 (543,559) 1,229,521
Fund
13. ANALYSIS OF NET ASSETS BETWEEN FUNDS
Net assets/ (liabilities) Total 2021
f		 Total 2020
Unrestricted Income Funds 1,229,521 1,229,521 1,185,057
Total Funds 1,229,521 1,229,521 1,185,057
Fund Balances at 31August 2021 are represented
by:
Total Unrestricted Total 2021
Funds 2021
f
Tangible Fixed Assets 1,165,072 1,165,072
Current Assets 127,135 127,135
Current Liabilities (62,686) (62,686)
Total ~1229521 1 229 521