2020-08-31-accounts - Manchester Islamic Educational Trust Ltd

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

				Page
Reference and Administrative		Details
Report ofthe Trustees			2	to 10
Report ofthe Independent Auditors			11	to 13
Statement ofFinancial	Activities
Statement ofFinancial	Position			15
Statement ofCash Flows
Notes to the Statement	ofCash	Flows		17
Notes to the Financial	Statements		18	to 28
Detailed Statement of	Financial	Activities	27	Io 28

Trustees			Dr A Al Majid
			Dr HAIMajid
			Dr A M Al Saif
			Mr MSAl-Astewani
			Dr H SA Al-Khaffaf
			Mr I A BAl-Salam
			Mr KZ Hafeez
			Mrs FJavid
			Mr A A0 Kawooya
			Mr N Mahmood
			Mr SBSalem
			MrAU Sheikh
			Mr FZaheer
Registered	office		Hartley Hall
			Alexandra Road South
			Manchester
			M16 8NH
Registered	company	number	03544402
Registered	charity number		1073862
Auditors			Riley Moss Audit LLP (Statutory Auditor)
			Riley House
			183-185 North Road
			Preston
			Lancashire
			PR1 tYQ

					2020	2019
			Unrestricted	Restricted	Total	Total
			funds	fund	funds	funds
		Notes	6	6
Income and endowments	from
Donations and legacies		3	263,928		263,928	121,186
Charitable activities
Charitable activiTies			2,852,738		2,852,738	3,000,521
Total			3,116,666		3,116,666	3,121,707
Expenditure on
Charitable activities
Charitable activities			3,158,895		3,158,895	3,365,727
NET INCOMB(EXPENDITURE)			(42,229)		(42,229)	(244,020)
Reconciliation offunds
Total funds brought forward			3,324,529		3,324,529	3,568,549
Total funds carried forward			3,282,300		3,282,300	3,324,529

					2020	2019
			Unrestricted	Restricted	1'otal	Total
			funds	fund	funds	funds
		Notes	5	5		5
Fixed assets
Tangible assets		11	3,246,999		3,246,999	3,346,714
Investments		12	100		100	100
			3,247,099		3,247,099	3,346,814
Current assets
Debtors		13	51,405		51,405	65,333
Cash at bank	and in hand		528,797		528,797	407,302
			580,202		580,202	472,635
Creditors
Amounts falling due within one year		14	(545,001)		(545,001)	(494,920)
Net current	assets		35,201		35,20'I	(22,285)
Total assets	less current liabilities		3,282,300		3,282,300	3,324,529
NETASSETS			3,282,300		3,282,300	3,324,529
Funds		15
Unrestricted	funds				3,282,300	3,324,529
Total funds					3,282,300	3,324,529

					2020	2019
				Notes	f	6
Cash flows from	operating		activities
Cash generated from operations				1	127,804	(19,815)
Net cash provided	by/(used		in) operating	activities	127,804	(19,815)
Cash flows from	investing		activities
Purchase oftangible fixed assets					(6,309)	(37,591)
Net cash used in	investing	activities			(6,309)	(37,591)
Change in cash	and cash		equivalents
in the reporting	period				121,495	(57,406)
Cash and cash equivalents			at the
beginning ofthe	reporting		period		407,302	464,708
Cash and cash equivalents			at the end
ofthe reporting	period				528,797	407,302

Reconciliation ofnet expenditure	Reconciliation ofnet expenditure	to net cash flow from operating	acflvities
			2020	2019
			8	8
Net expenditure for the reporting		period (as per the Statement
ofFinancial Activities)			(42,229)	(244,020)
Adjustments for:
Depreciation charges			106,024	110,073
Decrease in debtors			13,928	71,890
Increase in creditors			50,081	42,242
Net cash provided by/(used	in) operations		127,804	(19,815)

Analysis ofchanges	in net funds
		At1.9.19	Cash flow	At31.8.20
		8	8	8
Net cash
Cash at dank and in	hand	407,302	121,495	528,797
		407,302	121,495	528;797
Total		407,302	121,495	528,797

4.	Income from	charitable	activities	activities
							2020	20'I9
				Activity			8	6
	Schoolfees			Charitable	activities		2,593,871	2,722,218
	Rent received	and hire of
	facilities			Charitable	activities		75,150	96,800
	Books, sundry	fees and
	miscellaneous	income		Charitable	activities		183,717	181,503
							2,852,738	3,000,521
5.	Charitable activities costs
							Support
						Direct	costs (see
						Costs 5	note 8)	Totals f
	Charitable activities					2,550,643	608,252	3,158,895
6.	Supportcosts
								Informatio
						Management	Finance	technology
							5	E
	Charitable activities					499,830	6,040	60,237
					Human		Governance
					resources 6	Other 8	costs f	Totals
	Charitable activities				5,789	3,197	33,159	608,252
7.	Net income/(expenditure)
	Net income/(expenditure)		is	stated after	charging/(crediting):
							2020	2019
							6	8
	Auditors' remuneration						4,680	4,680
	Depreciation -	owned assets					106,024	110,073

There were no trustee expenses paid for the ye Staffcosts	ar ended 31August 2020 (2019:58,297	).
	2020	2019
	6	6
Wages and salaries	2,141,229	2,194,327
Social security costs	158,124	174,593
Other pension costs	34,789	29,406
	2,334,142	2,398,326

The average
	2020	2019
Teaching staff	68	68
Support staff	45	45
	113	113

Comparati	v	es for the stat	ement of	financial activitie	s
					Unrestricted	Restricted	Total
					funds	fund	funds
					6		6
Income and endowments			from
Donations	and legacies				121,186		121,186
Charitable		activities
Charitable	activities				3,000,521		3,000,521
Total					3,121,707		3,121,707
Expenditure		on
Charitable		activities
Charitable	activities				3,365,727		3,365,727
				Page 21			continued. ..

10.	Comparatives	forthe statement offinancial	forthe statement offinancial	activities	- continued
					Unrestricted	Restricted	Total
					funds	fund	funds
					6	E
	NET INCOMEI(EXPENDITURE)				(244,020)		(244,020)
	Reconciliation	offunds
	Total funds brought forward				3,568,549		3,568,549
	Total funds carried forward				3,324,529		3,324,529
11.	Tangible fixed	assets
					Fixtures
			Freehold	Short	slid	Motor
			property	leasehold 8	fittings f	vehicles 6	Totals 8
	Cost
	At 1 September	2019	3,853,393	177,909	739,318	15,271	4,785,891
	Additions				6,309		6,309
	At 31August 2020		3,853,393	177,909	745,627	15,271	4,792,200
	Depreciation
	At 1 September	2019	692,512	177,909	554,833	13,923	1,439,177
	Charge for year		77,068		28,619	337	106,024
	At 31August 2020		769,580	177,909	583,452	14,260	1,545,201
	Net book value
	At 31August 2020		3,083,813		162,175	1,011	3,246,999
	At 31August 2019		3,160,881		184,485	1,348	3,346,714

Fixed asset investments
	Shares in
	group
	undertakin
	8
Market value
At 1 September 2019and
31August 2020	100
Net book value
At 31August 2020	100
At 31August 2019	100

Hartley Boarding	Halls Ltd
Registered office:61aBrantingham		Road, Whailey Range, Manchester,	England,	M16 8PA
Nature ofbusiness:	Rental income	from student accommodation
		0/
Class ofshare:		holding
Equity share		100
				2020	2019
			8		E
Aggregate capital and reserves				100	100
Profit for the year					590

Debtom: amo	unts falling due within	one year
			2020	2019
			8	E
Trade debtors			23,826	34,522
Other debtors			24,023	23,214
Prepayments	and accrued income		3,556	7,59T
			51,405	65,333
		Page 23		continued. ..

14.	Creditors: am	ounts f	alling d	ue	within one	year
							2020	2019
							E
	Trade creditors						67,235	60,199
	Social security	and other taxes					59,889	57,877
	Pension control	account					6,138	6,240
	Other creditors						85,368	55,487
	Refundable deposits						318,726	306,629
	Accruals and deferred		income				7,645	8,488
							545,001	494,920
15.	Movement in funds
							Net
							movement	At
						At1.9.19	in funds	31.8.20
							8	8
	Unrestricted funds
	Unretricted donations					3,324,529	(42,229)	3,282,300
	TOTAL FUNDS					3,324,529	(42,229)	3,282,300
	Net movement	in funds,	included		in the above	are as follows:
						Incoming	Resources	Movement
						resources 5	expended 8	in funds f
	Unrestricted funds
	Unretricted donations					3,116,666	(3,158,895)	(42,229)
	TOTAL FUNDS					3,116,666	(3,158,895)	(42,229)
	Comparatives formovement			in	funds
							Net
							movement	At
						At 1.9.18	in funds	31.8.19
							5	5
	Unrestricted funds
	Unretricted donations					3,568,549	(244,020)	3,324,529
	TOTAL FUNDS					3,568,549	(244,020)	3,324,529

Comparative	net movement in funds, inc	luded in the above are as follows	:
		Incoming	Resources	Movement
		resources f	expended f	in funds f
Unrestricted	funds
Unretricted	donations	3,121,707	(3,365,727)	(244,020)
TOTAL FUNDS		3,121,707	(3,365,727)	(244,020)

			Net
			movement	At
		At 1.9.18	in funds	31.8.20
		5	6
Unrestricted	funds
Unretricted	donations	3,568,549	(286,249)	3,282,300
TOTAL FUNDS		3,568,549	(286,249)	3,282,300

above are a	s follows:
		Incoming	Resources	Movement
		resources f	expended 6	in funds 5
Unrestricted	funds
Unretdicted	donations	6,238,373	(6,524,622)	(286,249)
TOTALFUNDS		6,238,373	(6,524,622)	(286,249)

		2020	2019
		6	8
Income and endowments
Donations and legacies
Donations received		18,423	121,186
Grants		245,505
		263,928	121,186
Charitable activities
School fees		2,593,871	2,722,218
Rent received and	hire offacilities	75,150	96,800
Books, sundry fess and miscellaneous
income		183,717	181,503
		2,852,738	3,000,521
Total incoming resources		3,116,666	3,121,707
Expenditure
Charitable activities
Wages		2,141,229	2,194,327
Social security		158,124	174,593
Pensions		34,789	29,406
Books and resources		100,977	135,701
School trips and coach hire		113,326	86,328
Donations		2,198	8,951
Fundraising costs			171
		2,550,643	2,629,477
Supportcosts
Management
Rates and water		31,446	36,817
Insurance		32,955	31,531
Light and heat		66, 'I95	68,574
Telephone		14,262	14,619
Postage and stationery		16,253	26,515
Advertising		69,492	89,748
Sundries		1,590	2,476
Canteen cost		48,031	67,787
Cleaning		66,663	88,220
Subscriptions		36,553	42,017
Staff recruitment	and training	9,806	16,993
Bad debts		560	1,096
Freehold property		77,068	77,068
Carried forward		470,874	563,461

		2020	2019
		8	6
Management
Brought forward		470,874	563,461
Fixtures and	fittings	28,619	32,556
Motor vehides		337	449
		499,830	596,466
Finance
Bank charges		6,040	5,651
Informagon	technology
Repairs and	renewals	60,237	73,109
Human resources
Software licences		5,789	19,009
Other
Motor and travel expenses		3,197	3,109
Governance	costs
Auditors' remuneration		4,680	4,680
Accountancy	and legal fees	11,409	17,800
Legalfees		10,561	9,661
Consultancy	fess	6,509	6,765
		33,159	38,906
Totalresources	expended	3,158,895	3,365,727
Net expenditure		(42,229)	(244,020)