2020-08-31-accounts - Al-Noor Foundation Limited

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Report ofthe Trustees	1	to	3
Report ofthe Independent Auditors	4to6
Statement ofFinancial Activities
Statement ofFinancial Position	8	to	9
Statement ofCash Flows		10
Notes to the Statement ofCash Flows
Notes to the Financial Statements	12	to	23
Detailed Statement ofFinancial Activities	24	to	25

						31.8.20	31.8.19
				Unrestricted	Restricted	Total	Total
				fund	fund	fllnds	funds
			Notes			f.
INCOME	FROM
Donations						54,391	131,857
Charitable	activities
Education				465,426		465,426	623,139
Other Charitable Activities			3	24@57		24„357	217,295
Investment	income		4	274;/39		2'74 739	191,722
Total						818,913	1,164,023
EXPENDITURE ON
Raising funds				61,541		61,541	106,743
Charitable	activities
Foundation				411/81		411,381	349,942
Education				415,096		415,096	602,789
Total				888,018		888,018	1,059,474
Net gains on investments							556,643
NKT INCOME/{EXPENDITURE)				(69,105)		(69,105)	661,192
RECONCILIATION		OFFUNDS
Total funds	brought fonvard			9,897,655	20,522	9„918,177	9,256,985
TOTAL FUNDS CARIL1ED FORWARD				9828 550	20522	9,849072	9918,177

	31AU	GUST 2020
				31.8.20	31.8.19
		Unrestricted	Restricted	Total	Total
		fund	fund	funds	funds
	Notes
FIXEDASSETS
Tangible assets	14	8,654,238		8,654+38	8,865,168
Investments
Investments	15	100		100	100
Investment property	16	5000,000		5,000,000	5,000,000
		13,654,338		13,654@38	13„865,268
CURRENT ASSETS
Debtors	17	110„719		110,719	107,563
Cash at bank and in hand		861,412	211,522	881934	450,120
		972,131	20,522	992,653	557,683
CREDITORS
Amounts falling due within one year	18	(4,797,919)		(4,797,919)	(4,504,774)
NET CURRENT ASSETS		~3825780)	20,522	~3805255)	~3,947,091)
TOTAL ASSETSLESSCURRENT
LIABILITIES		9,828,550	20,522	9,849,072	9,918,177
NET ASSETS		9828 550	20522	9849072	9918,177
FUNDS
Unrestricted funds				998289550	9,897,655
Restricted funds				20522	20,522
TOTAL FUNDS				9,849 072	9,918,177

	FORTHE	YEAR ENDED	31AUGUST 2020
			31.8.20	31.8.19
		Notes	f.
Cash flows from operating	activities
Cash generated &oin operations			392,314	188,314
Net cash provided by operating activities			391314	188,314
Cash flows from investing	activities
Purchase oftangible fixed assets Sale oftangible fixed assets			39500	(9,500)
Net cash provided by/(used	in) investing	activities	39500
Change in cash and cash equivalents
in the reporting period			431,814	178,814
Cash and cash equivalents	at the
beginning ofthe reporting	period		450 1M	271,306
Cash and cash equivalents	atthe end
ofthe reporting period			881934	450 120

OPERATING ACTIVI	TIES
			31.8.20
Net (expenditure)/income	for the reporting	period (as per the
Statement ofFinancial	Activities)		(69,105)	661,192
Adjustments for:
Depreciation charges			1719430	191„906
Losses on investments				(556,643)
(Increase}/decrease in debtors			(3,156)	34,085
Increase/(decrease} in creditors			293,145	~142,226
Net cash provided by operations			392/14	188,314

DONATIONS	DONATIONS
			31.8.20	31.8.19
				E
Foundation	Income		54@91	126,064
Gift aid				5 793
			54,391	131857
OTHER CHARITABLE ACTIVITIES
			31.8.20	31.8.19
				E
Other Fundraising		Activities	24357	217,295
			31.8.20	31.8.19
				E
Rents receivable			274,'739	191,732

6.	RAISING FUNDS
	Raising donations	and legacies
				31.8.20	31.8.19
	General Fundraising	Events		61541	106,743
7.	CHARITABLE ACTIVITIES COSTS
				Support
			l3irect	costs (see
			Costs	note 8)	Totals
				E	K
	Foundation		301,S62	109,519	411,381
	Education		402930	12166	415096
					826,477

Net incom	e/(expenditure	) is stated after charging/(crediting):
			31.8.20	31.8.19
Auditors'	remuneration		5,700	6,399
Auditors'	remuneration	for non audit work	2,4/6	761
Depreciation - owned		assets	170000	191,906

			31.8.2D	31.8.19
Engaged on Charitable	Activities		29	31
Engaged on Management			1	1
No employees received	emoluments	in excess off60,000.
COMPARATIVES FORTHE STATEMENT OFFINANCIAL ACTIVITIES 31AUG 2019
		Unrestricted	Restricted	Total
		fund	fund	funds
INCOME FROM
Donations		111,335	20,S22	131,857
Charitable activities
Education		623,139		623,139
Other Charitable Activities		217,295		217,295
Investment income		191,732		191,732
Total		1,143,501	20,522	1,164,023
EXPENDITURE ON
Raising funds				106,743
Charitable activities
Foundation		349,942		349,942
Education		602,789		602,789
Total		1,059,474		1,059,474
Net gains on investments		556645		556,643
NET INCOME		640,670	20,S22	661,192
RECONCILIATION	OFFUNDS
Total funds brought forward		9,256,985		9,256,985

whose remuneration amounted to TANGIBLE FIXEDASSETS	550,000in the year. (2	019:f50,000)
			Fixtures
	Freehold	Plant and	and
	ploperty	machinery	fittings	Totals
	K
COST
At 1 September 2019 Impairments	8,959,950	89,500 ~(39500	7,624	9,057,074 ~39500)
At 31August 2020	8959950	50000	7624	9,017574
DEPRECIATION
At 1 September 2019	170,000	20,000	1,906	191,906
Charge for year	170,000			170,000
At 31August 2020	340000	20 000	1906	361,906
NKT BOOKVALUE
At 31 August 2020	8619950	30000	5,'7188,655 66$
At 31August 2019	8789 950	69,500	5718	8,865,168

DEBTORS
		31.8.20	31.8.19
Amounts falling due within one year:
Trade debtors		50,110	76,303
Other debtors		36,901	2,134
Prepayments	and accrued income	22295	29 125
		109004	107,563

CREDITORS: AMOUNTS FALLING DUE WIT	HIN ONE YEAR
	31.8,20	31.8.19
Trade creditors	329115	31,238
Social security and other taxes	5,148	5,782
VAT	35,656	11,861
Other creditors	4,523,379	4,214,052
Accruals and deferred income	172,356	202,172
Accrued expenses	29,265	28,825
Rental Prepayments		10,844
	4797919	4,504,774

	Incoming	Resources	Gains and	Movement
	resources	expended	losses	in funds
Unrestricted funds
General fund	1,143,501	(1,059,474)	556,643	640,670
Restricted funds
Restricted Funds	20,522			20,522
TOTAL FUNDS	1 164,023	~1,059,474	556,643	661 192

DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FORTHE YEAR ENDED 31AUGUST 2020
	31.8.20	31.8.19
INCOME
Donations
Foundation Income	54/91	126,064
Gift aid		5,793
	54@91	131,857
Other Charitable Activities
Other Fundraising Activities	24/57	217,295
Investment income
Rents receivable	274,739	191,732
Charitable activities
Other Primary School Income	50,304	111,622
Fees Receivable	415122	511,517
	465426	623,139
Total incoming resources	818,913	1,164,023
EXPKMMTURE
Raising donations and legacies
General Fundnnsing Events	61,541	106,743
Charitable activities
Trustees' expenses	1,349	418
Wages	399/98	458,987
Pensions	4,437	4,724
Educational Resources	43,398	131,854
Insurance	12,181	10,726
Light and heat	6,619	11,508
Repairs and Renewals	13,676	7,472
Computer Maintenance	2,583	3,332
Other Office Expenses	9,732	18,453
Carried forward	4937273	647,474

	FOR THK YEAR ENDED 31	AUGUST 2020
			31.8.19
Charitable activities
Brought forward		4939273	647,474
Plant and machmery		171,430	191,906
Impairment losses for tangible fixed assets		39,500
Training and Courses		589	4,368
		704,792	843,748
Support costs
Management
Telephone		1,608	2,361
Advertising		570	204
		2,178	2,565
Finance
Legal and Professional	Fees	14,806	11,079
BadDebts		84,617	44,167
Bank charges		10 '747	3,942
		110,170	59,188
Other
Rates and water			36,548
Cleaning			2,990
Primary School Relocation			532
		1,161	40,070
Governance costs
Auditors' remuneration		5,700	6,399
Auditors' remuneration	for non audit work	9470	761
		8 1'M	7,160
Total resources expended		888018	1059474
Net (expenditure)/income		~09 10	104549