2022-08-31-accounts - Manchester Islamic Educational Trust Ltd

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		Page
Reference and Administrative Details
Report ofthe Trustees	2	to	8
Report ofthe Independent Auditors	9	to	11
Statement ofFinancial Activities		12
Statement of Financial Position		13
Statement of Cash Flows		14
Notes to the Statement ofCash Flows		15
Notes to the Financial Statements	16	to	23
Detailed Statement of Financial Activities	24	to	25

Trustees			Dr A Al Majid
			Dr H Al Majid
			Dr A M Al Saif (resigned 31.10.22)
			Mr M S Al-Astewani
			Dr H SA Al-Khaffaf
			Mr I A BAl-Salam
			Mr KZ Hafeez (resigned 23.1.23)
			Mrs F Javid
			Mr A A0 Kawooya
			Mr N Mahmood
			Mr S BSalam
			Mr A U Sheikh
			Mr FZaheer
			Mr SA Chaudhri	(appointed	16.11.22)
Registered	office		Hartley Hall
			Alexandra Road South
			Manchester
			M16 8NH
Registered	company	number	03544402
Registered	charity number		1073862
Auditors			Xelnadln Audit Ltd (Statutory		Auditor)
			36 Old Jewry
			London
			EC2R 8DD

						2022	2021
				Unrestricted	Restricted	Total	Total
				funds	fund	funds	funds
			Notes	6	6	6
Fixed assets
Tangible assets			11	3,137,350		3,137,350	3,184,231
Current assets
Debtors Cash at bank	and	in hand	12	535,445 288,491		535,445 288,491	68,686 586,934
				823,936		823,936	655,620
Creditors
Amounts falling due within one year			13	(562,606)		(562,606)	(604,293)
Net current assets				261,330		261,330	51,327
Total assets	less	current liabilities		3,398,680		3,398,680	3,235,558
NET ASSETS				3,398,680		3398680	3235 558
Funds
Unrestricted	funds					3,398,680	3,235,558
Total funds						3,398,680	3,235,558

	Notes	2022 0	2021 f
Cash flows from operating activities Cash generated from operations	1	(235,685)	103,777
Net cash (used in)/provided by operating	activities	(235,685)	103,777
Cash flows from investing activities Purchase oftangible fixed assets Sale offixed asset investments		(62,758)	(45,740) 100
Net cash used in investing activities		(62,758)	(45,640)
Change in cash and cash equivalents in the reporting period		(298,443)	58,137
Cash and cash equivalents at the beginning ofthe reporting period		586,934	528,797
Cash and cash equivalents at the end ofthe reporting period		288,491	586,934

	Reconciliation of	net income/(expenditure)	net income/(expenditure)	net income/(expenditure)	net income/(expenditure)	to net	cash flow from	operating activities
								2022	2021
								5	5
	Net income/(expenditure)			for the reporting		period	(as per the
	Statement of Financial Activities)							163,122	(46,742)
	Adjustments for: Depreciation charges							109,639	108,508
	Increase in debtors							(466,759)	(17,281)
	(Decrease)/increase		in creditors					(41,687)	59,292
	Net cash (used in)/provided				by operations			(235,685)	103,777
2.	Analysis ofchanges		in net		funds
							At 1.9.21	Cash flow	At31.&.22
								f.	6
	Net cash
	Cash at bank and	in	hand				586,934	(298,443)	288,491
							586,934	(298,443)	288,491
	Total						586,934	(298,443)	288,491

	Income from charitable	activities	activities
	School fees		Activity Charitable	activities		2022 f 3,135,563	2021 2,681,129
	Rent received and hire of
	facilities		Charitable	activities		84,000	69,648
	Books, sundry fees and
	miscellaneous income		Charitable	activities		42,255	10,810
						3,261,818	2,761,587
5.	Charitable activities costs
						Support
					Direct	costs (see
					Costs f	note 6)	Totals
	Charitable activities				2,505,907	726,434	3,232,341
6.	Support costs						Informatio
					Management 6	Finance 6	technology f
	Charitable activities				574,455	9,307	74,090
						Governance
					Other f	costs 6	Totals f
	Charitable activities				2,182	66,400	726,434
7.	Net income/(expenditure)
	Net income/(expenditure)	is	stated after	charging/(crediting):
						2022	2021
						6	6
	Auditors' remuneration					4,920	4,680
	Depreciation —owned assets					109,639	108,508
8.	Trustees' remuneration	and benefits

Staffc	osts
		2022	2021
		8
Wages Social Other	and salaries security costs pension costs	2,172,751 166,223 40,468	2,095,663 146,839 36,689
		2,379,442	2,279,191

The aver	age monthly number ofemployees du	ring the year was as follows:
		2022	2021
Teaching Support	staff staff	73 49	77 37
		122	114

			2022	2021
F70,001	-	680,000	1	1

10.	Comparatives for the statement	offinancial activities -continued
		Unrestricted	Restricted	Total
		funds	fund	funds
		6	f
	NET INCOME/(EXPENDITURE)	(46,742)		(46,742)
	Reconciliation offunds
	Total funds brought forward	3,282,300		3,282,300
	Total funds carried forward	3,235,558		3,235,558
11.	Tangible fixed assets	Freehold	Short	Plant and
		property f	leasehold 6	machinery f
	Cost
	At 1 September 2021 Additions	3,853,393 27,245	177,909	44,802 29,968
	At 31 August 2022	3,880,638	177,909	74,770
	Depreciation At 1 September 2021 Depreciation	846,648 77,613	177,909	6,720 10,207
	At 31 August 2022	924,261	177,909	16,927
	Net book value
	At 31 August 2022	2,956,377		57,843
	At 31 August 2021	3,006,745		38,082

Tangible fixed assets - continued
	Fixtures
	and	Motor
	fittings 6	vehicles 9	Totals f
Cost
At 1 September 2021	746,565	15,271	4,837,940
Additions	5,545		62,758
At 31 August 2022	752,110	15,271	4,900,698
Depreciation
At 1 September 2021	607,919	14,513	1,653,709
Depreciation	21,629	190	109,639
At 31 August 2022	629,548	14,703	1,763,348
Net book value
At 31 August 2022	122,562	568	3,137,350
At 31 August 2021	138,646	758	3,184,231

Debtors: amo	unts falling due within one year
		2022 f	2021 f
Trade debtors		22,702	55,996
Other debtors		508,701	9,134
Prepayments	and accrued income	4,042	3,556
		535,445	68,686

13.	Creditors: amounts f	all	ing du	e	within one y	ear
							2022 f	2021 8
	Trade creditors						51,219	101,929
	Social secudty and other Pension control account		taxes				25,414 7,794	19,380 6,860
	Other creditors						153,254	132,799
	Refundable deposits Accruals and deferred	income					295,200 29,725	331,976 11,349
							562,606	604,293
14.	Movement in funds
							Net
							movement	At
						At 1.9.21 8	in funds 9	31.8.22 f
	Unrestricted funds
	Unrestricted donations					3,235,558	163,122	3,398,680
	TOTAL FUNDS					3,235,558	163,122	3,398,680
	Net movement in funds,		included		in the above	are as follows:
						Incoming	Resources	Movement
						resources f	expended 8	in funds f
	Unrestricted funds
	Unrestricted donations					3,395,463	(3,232,341)	163,122
	TOTAL FUNDS					3,395,463	(3,232,341)	163,122
	Comparatives for movement			in	funds
							Net
							movement	At
						At 1.9.20	in funds f	31.8.21 f
	Unrestricted funds
	Unrestricted donations					3,282,300	(46,742)	3,235,558
	TOTAL FUNDS					3,282,300	(46,742)	3,235,558

Comparative	net movement in funds, inc	luded in the above are as follows	:
		Incoming	Resources	Movement
		resources	expended f	in funds
Unrestricted	funds
Unrestricted	donations	2,971,931	(3,018,673)	(46,742)
TOTAL FUNDS		2,971,931	(3,018,673)	(46,742)