2021-08-31-accounts - Manchester Islamic Educational Trust Ltd

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				Page	Page
Reference and Administrative		Details
Report ofthe Trustees			2	to	7
Report ofthe Independent Auditors			8	to	9
Statement of Financial	Activities			10
Statement of Financial	Position
Statement ofCash Flows				12
Notes to the Statement	ofCash	Flows		13
Notes to the Financial	Statements		14	to	22
Detailed Statement of	Financial	Activities	23	to	24

Trustees			Dr A Al Majid
			Dr H Al Majid
			Or A M Al Saif
			Mr M SAl-Astewani
			Dr H S A Al-Khaffaf
			Mr I A BAl-Salam
			Mr K Z Hafeez
			Mrs FJavid
			Mr A A0 Kawooya
			Mr N Mahmood
			Mr SBSalam
			Mr A U Sheikh
			Mr FZaheer
Registered	office		Hartley Hail
			Alexandra Road South
			Manchester
			M16 8NH
Registered	company	number	03544402
Registered	charity number		1073862
Auditors			Xelnadin Audit	Ltd (Statutory	Auditor)
			36 Old Jewry
			London
			EC2R 8DD

						2021	2020
				Unrestricted	Restricted	Total	Total
				funds	fund	funds	funds
			Notes	6	8	8	E
Income and endowments		from
Donations and legacies			3	210,344		210,344	263,928
Charitable activities
Charitable activities				2,761,587		2,761,587	2,852,738
Total				2,971,931		2,971,931	3,116,666
Expenditure on
Charitable activities
Charitable activities				3,018,673		3,018,673	3,158,895
NET INCOME/(EXPENDITURE)				(46,742)		(46,742)	(42,229)
Reconciliation offunds
Total funds brought	forward			3,282,300		3,282,300	3,324,529
Total funds carried	forward			3,235,558		3,235,558	3,282,300

							2021	2020
					Unrestricted	Restricted	Total	Total
				Notes	funds	fund 6	funds f	funds 6
Fixed assets
Tangible assets Investments				11 12	3,184,231		3,184,231	3,246,999 100
					3,184,231		3,184,231	3,247,099
Current assets
Debtors				13	68,686		68,686	51,405
Cash at bank	and	in hand			586,934		586,934	528,797
					655,620		655 620	580 202
Creditors
Amounts falling due within			one year	14	(604,293)		(604,293)	(545,001)
Net current	assets				51,327		51,327	35,201
Total assets	less	current	liabilities		3,235,558		3,235,558	3,282,300
NET ASSETS					3,235,558		3,235,558	3,282,300
Funds				15
Unrestricted	funds						3,235,558	3,282,300
Total funds							3,235,558	3,282,300

	Notes	2021 f	2020
Cash flows from operating activities Cash generated from operations	1	103,777	127,804
Net cash provided by operating activities		103,777	127,804
Cash flows from investing activities
Purchase oftangible fixed assets		(45,740)	(6,309)
Sale of fixed asset investments		100
Net cash used in investing activities		~45,640)	~6,309)
Change in cash and cash equivalents in the reporting period		58,137	121,495
Cash and cash equivalents at the beginning ofthe reporting period		528,797	407,302
Cash and cash equivalents at the end ofthe reporting period		586,934	528,797

Reconciliation of net expenditure	Reconciliation of net expenditure	to net cash flow from operating	activities
			2021	2020
			8	E
Net expenditure for	the reporting	period (as per the Statement
of Financial Activities)			(46,742)	(42,229)
Adjustments for:
Depreciation charges			108,508	106,024
(Increase)/decrease	in debtors		(17,281)	13,928
Increase in creditors			59,292	50,081
Net cash provided by operations			103,777	127,804

Analysis ofchan	ges in net funds
		At 1.9.20	Cash flow	At 31.8.21
		E		E
Net cash
Cash at bank and	in hand	528,797	58,137	586,934
		528,797	58,137	586,934
Total		528,797	58,137	586,934

Donations	and legacies
		2021 f	2020
Donations	received	30,430	18,423
Grants		137,883	245,505
Other income		42,031
		210,344	263,928

								2021	2020
					Activity			6	E
School fees					Charitable	activities		2,681,129	2,593,871
Rent received			and hire of
facilities					Charitable	activities		69,648	75,150
Books, sundry			fees and
miscellaneous			income		Charitable	activities		10,810	183,717
								2,761,587	2,852,738
Charitable		activities costs
								Support
							Direct	costs (see
							Costs	note 6)	Totals
									E
Charitable		activities					2,371,886	646,787	3,018,673
Support	costs
									Information
							Management f	Finance F	technology f
Charitable		activities					516,402	6,419	70,408
								Governance
							Other	costs	Totals
							F	F
Charitable	activities						321	53,237	646,787
Net income/(expenditure)
Net income/(expenditure)				is	stated after	charging/(crediting):
								2021	2020
Auditors'	remuneration							4,680	4,680
Depreciation		- owned assets						108,508	106,024

Staff	costs
		2021 f	2020 6
Wages	and salaries	2,095,663	2,141,229
Social	security costs	146,839	158,124
Other	pension costs	36,689	34,789
		2,279,191	2,334,142

		2021	2020
Teaching	staff	77	68
Support	staff	37	45
		114	113

			2021	2020
660,001	-	670,000		1
670,001	-	680,000

administrators. The total employe 6177,299(2020:F168,574).	administrators. The total employe 6177,299(2020:F168,574).	administrators. The total employe 6177,299(2020:F168,574).	e benefits	of the key	management per	sonnel of the	charity wer
Comparatives for the statement			offinancial	activities
					Unrestricted	Restricted	Total
					funds	fund	funds
						6
Income and endowments		from
Donations	and legacies				263,928		263,928
Charitable	activities
Charitable	activities				2,852,738		2,852,738
Total					3,116,666		3,116,666
Expenditure on
Charitable	activities
Charitable	activities				3,158,895		3,158,895

10.	Comparatives	for the statement	for the statement	-continued
				Unrestricted	Restricted	Total
				funds	fund	funds
				8	E	E
	NET INCOME/(EXPENDITURE)			(42,229)		(42,229)
	Reconciliation	offunds
	Total funds brought		forward	3,324,529		3,324,529
	Total funds carried forward			3,282,300		3,282,300
11.	Tangible fixed	assets
				Freehold	Short	Plant and
				property	leasehold	machinery
				E
	Cost
	At 1 September	2020		3,853,393	177,909
	Additions					44,802
	At 31 August 2021			3,853,393	177,909	44,802
	Depreciation
	At 1 September	2020		769,580	177,909
	Depreciation			77068		6,720
	At 31 August 2021			846,648	177,909	6,720
	Net book value
	At 31August 2021			3,006,745		38,082
	At 31 August 2020			3,083,813

								2021	2020
								6	8
	Trade debtors							55,996	23,826
	Other debtors							9,134	24,023
	Prepayments		and accrued income					3,556	3,556
								68,686	51,405
14.	Creditors:	amounts			falling due		within one year
								2021	2020
									E
	Trade creditors							101,929	67,235
	Social security			and other taxes				19,380	59,889
	Pension control			account				6,860	6,138
	Other creditors							132,799	85,368
	Refundable	deposits						331,976	318,726
	Accruals and		deferred			income		11,349	7,645
								604,293	545,001
15.	Movement	in	funds
								Net
								movement	At
							At 1.9.20	in funds	31.8.21
									k
	Unrestricted		funds
	Unrestricted	donations					3,282,300	(46,742)	3,235,558
	TOTAL FUNDS						3,282,300	~46,742)	3,235,558
	Net movement			in funds,		included	in the above are as follows:
							Incoming	Resources	Movement
							resources	expended	in funds
							6		K
	Unrestricted		funds
	Unrestricted	donations					2,971,931	(3,018,673)	(46,742)
	TOTAL FUNDS						2,971,931	~3,078,673)	~46, 742)

Comparative	s for movement in funds
			Net
			movement	At
		At 1.9.19	in funds	31.8.20
		F		6
Unrestricted	funds
Unrestricted	donations	3,324,529	(42,229)	3,282,300
TOTAL FUNDS		3,324,529	~42,229)	3,282,300

Comparative	net movement in funds, inc	luded in the above are as follow	s:
		Incoming	Resources	Movement
		resources	expended	in funds
			E	9
Unrestricted	funds
Unrestricted	donations	3,116,666	(3,158,895)	(42,229)
TOTAL FUNDS		3,116,686	~3,758,895)	~42, 229)

A current ye	ar 12 months and prior year	12 months combined position is	as follows:
			Net
			movement	At
		At 1.9.19	in funds	31.8.21 f
Unrestricted	funds
Unrestricted	donations	3,324,529	(88,971)	3,235,558
TOTAL FUNDS		3,324,529	~88,971)	3,235, 558

above are a	s follows:
		Incoming	Resources	Movement
		resources	expended	in funds
		F		E
Unrestricted	funds
Unrestricted	donations	6,088,597	(6,177,568)	(88,971)
TOTAL FUNDS		6,088,597	~6, 177,568)	~88,971)

		2021	2020
		E
Income and endowments
Donations and legacies
Donations received		30,430	18,423
Grants		137,883	245,505
Other income		42,031
		210,344	263,928
Charitable activities
School fees		2,681,129	2,593,871
Rent received and	hire offacilities	69,648	75,150
Books, sundry fees and miscellaneous
income		10,810	183,717
		2,761,587	2,852,738
Total incoming resources		2,971,931	3,116,666
Expenditure
Charitable activities
Wages		2,095,663	2,141,229
Social security		146,839	158,124
Pensions		36,689	34,789
Books and resources		81,753	100,977
School trips and coach hire		9,550	113,326
Donations		1,392	2,198
		2,371,886	2,550,643
Support costs
Management
Rates and water		30,678	31,446
Insurance		37,451	32,955
Light and heat		67,092	66,195
Telephone		14,795	14,262
Postage and stationery		15,681	16,253
Advertising		29,707	69,492
Sundries		1,511	1,590
Canteen cost		12,489	48,031
Cleaning		106,153	66,663
Subscriptions		39,404	36,553
Staff recruitment	and training	11,056	9,806
Bad debts		41,877	560
Freehold property		77,068	77,068
Plant and machinery		6,720
Carried forward		491,682	470,874

	2021	2020
	8
Management
Brought forward Fixtures and fittings	491,682 24,467	470,874 28,619
Motor vehicles	253	337
	516,402	499,830
Finance
Bank charges	6,419	6,040
Information technology
Repairs and renewals	66,749	60,237
Software licences	3,659	5,789
	70,408	66,026
Other
Motor and travel expenses	321	3,197
Governance costs
Auditors' remuneration	4,680	4,680
Accountancy and legal fees	15,640	11,409
Legal fees	8,648	10,561
Consultancy fees	24,269	6,509
	53,237	33,159
Total resources expended	3,018,673	3,158,895
Net expenditure	~46,742)	~42,229)