TAYYIBAH EDUCATIONAL TRUST
FINANCIAL STATEMENTS
YEAR ENDED 31 AUGUST 2021
Charity Number 1066343
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|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|
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|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|
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||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|
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|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||
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||||||||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
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|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|
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|2A DetAiled
notes f|or thc st|atement oflioancial
act|ivities|||||
|---|---|---|---|---|---|---|---|
||||||2021|2021||
|||||unrestricted||Restricte|2021|
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|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|
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|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|||
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|INCOME FROM|||||
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||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|
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|CHARITABLE ACTIVITIES|||||
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||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|
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||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|
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|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|
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|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|||||
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||||Total|2021|Total 2020|
|---|---|---|---|---|---|
|CJRS|Grant|Receivable|||29,109|
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|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|
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|||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|
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