|Reference and Administrative
Details|||| |---|---|---|---| |Report ofthe Trustees|2|to|9| |Report ofthe Independent
Auditors|10|to|12| |Statement of Financial Activities||13|| |Statement of Financial
Position||14|| |Statement ofCash Flows||15|| |Notes to the Statement ofCash Flows||16|| |Notes to the Financial Statements|17|to|25| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||||2023|2022| |---|---|---|---|---|---|---|---| |||||Unrestricted|Restricted|Total|Total| |||||funds|fund|funds|funds| ||||Notes||E||| |Income and endowments||from|||||| |Donations|and legacies|||475,433||475,433|130,583| |Charitable|activities||||||| |Charitable|activities|||3,316,540||3,316,540|3,180,880| |Investment|income|||78,000||78,000|84,000| |Other income||||7,583,997||7,583,997|| |Total||||11,453,970||11,453,970|3,395,463| |Expenditure
on|||||||| |Charitable|activities||||||| |Charitable|activities|||4,410,424||4,410,424|3,232,341| |NET INCOME||||7,043,546||7,043,546|163,122| |Reconciliation
offunds|||||||| |Total funds|brought
forward|||3,398,680||3,398,680|3,235,558| |Total funds carried forward||||10,442,226||10,442,226|3,398,680| ## |||||||2023|2022| |---|---|---|---|---|---|---|---| |||||Unrestricted|Restricted|Total|Total| |||||funds|fund|funds|funds| ||||Notes||F||| |Fixed assets|||||||| |Tangible assets|||10|14,856,565||14,856,565|3,137,350| |Current assets|||||||| |Debtors|||11|910,699||910,699|535,445| |Cash at bank|and|in hand||126,351||126,351|288,491| |||||1,037,050||1,037,050|823,936| |Creditors|||||||| |Amounts
falling due within one year|||12|(738,656)||(738,656)|(562,606)| |Net current|assets|||298,394||298,394|261,330| |Total assets|less|current liabilities||15,154,959||15,154,959|3,398,680| |Creditors|||||||| |Amounts
falling due after more than one year|||13|(4,712,733)||(4,712,733)|| |NET ASSETS||||10,442,226||10,442,226|3,398,680| |Funds|||15||||| |Unrestricted|funds|||||10,442,226|3,398,680| |Total funds||||||10,442,226|3,398,680| ## |||||2023|2022| |---|---|---|---|---|---| ||||Notes||| |Cash flows from|operating|activities|||| |Cash generated
from operations|||1|2,349,342|(235,685)| |Net cash provided|by/(used|in) operating|activities|2,349,342|(235,685)| |Cash flows from|investing|activities|||| |Purchase
oftangible
fixed assets||||(13,585,740)|(62,758)| |Sale oftangible
fixed assets||||9,104,258|| |Net cash used
in|investing
activities|||(4,481,482)|(62,758)| |Cash flows from|financing|activities|||| |New loans
in year||||3,491,500|| |Loan repayments|in year|||(1,521,500)|| |Net cash provided|by financing
activities|||1,970,000|| |Change
in cash|and cash|equivalents|||| |in the reporting|period|||(162,140)|(298,443)| |Cash and cash equivalents||at the|||| |beginning
ofthe|reporting|period||288,491|586,934| |Cash and cash equivalents||at the end|||| |ofthe reporting|period|||126,351|288,491| ## |Reconciliation
ofn|et income|to net cash flow from operating
activ|ities|| |---|---|---|---|---| ||||2023|2022| |||||F| |Net income for the|reporting|period (as per the Statement of||| |Financial Activities)|||7,043,546|163,122| |Adjustments
for:||||| |Depreciation
charges|||346,264|109,639| |Profit on disposal of|fixed assets||(7,583,997)|| |Refundable
deposits|reclassification||297,200|| |increase
in debtors|||(375,254)|(466,759)| |Increase/(decrease)|in creditors||2,621,583|(41,687)| |Net cash provided|by/(used|in) operations|2,349,342|(235,685)| ## |Analysis ofchanges|in net funds/(debt)|||| |---|---|---|---|---| |||At 1.9.22|Cash flow|At 31.8.23| ||||K|| |Net cash||||| |Cash at bank and in hand||288,491|(162,140)|126,351| |||288,491|(162,140)|126,351| |Debt||||| |Debts falling due within|1 year||(470,000)|(470,000)| |Debts falling due after|1 year||(1,500,000)|(1,500,000)| ||||(1,970,000)|(1,970,000)| |Total||288,491|(2,132,140)|(1,843,649)| ## ## ## ## ## ## ## |2.|Donations
and legacies|||||||| |---|---|---|---|---|---|---|---|---| ||||||||2023|2022| |||||||||f| ||Donations
received||||||475,433|130,583| |3.|Investment
income|||||||| ||||||||2023|2022| ||Rents received||||||78,000|84,000| ||Income from charitable|activities||||||| ||||||||2023|2022| ||||Activity|||||R| ||School fees||Charitable|activities|||3,190,331|3,135,563| ||Books, sundry fees and|||||||| ||miscellaneous
income||Charitable|activities|||126,209|45,317| ||||||||3,316,540|3,180,880| |5.|Charitable
activities costs|||||||| ||||||||Support|| |||||||Direct|costs (see|| |||||||Costs|note 6)|Totals| |||||||||E| ||Charitable
activities|||||2,994,422|1,416,002|4,410,424| |6.|Support costs|||||||| |||||||Information|Governance|| ||||Management||Finance
f|technology|costs|Totals
E| ||Charitable
activities||1,067,767||266,962|12,776|68,497|1,416,002| |7.|Net income/(expenditure)|||||||| ||Net income/(expenditure)|is|stated after|charging/(crediting):||||| ||||||||2023|2022f| ||Auditors'
remuneration||||||6,000|4,920| ||Depreciation
- owned assets||||||346,264|109,639| ||Hire of plant and machinery||||||8,271|8,725| ||Other operating
leases||||||163,773|| ||Surplus on disposal offixed||assets||||(7,583,997)|| ## ## ## |There were no trustee expenses
paid for the year|ended 31 August 2023 (2022:fnil).|| |---|---|---| |Staff costs||| ||2023|2022| |Wages and salaries|2,362,912|2,172,751| |Social security costs|188,622|166,223| |Other pension costs|44,886|40,468| ||2,596,420|2,379,442| |||2023|2022| |---|---|---|---| |Teaching|staff|72|73| |Support|staff|48|49| |||120|122| ## |Tangible fixed assets|||| |---|---|---|---| ||Freehold|Short|Plant and| ||property|leasehold|machinery| |Cost|||| |At 1 September 2022|3,880,638|177,909|74,770| |Additions|13,534,014||| |Disposals|(1,991,012)||| |At 31 August 2023|15,423,640|177,909|74,770| |Depreciation|||| |At 1 September 2022|924,261|177,909|16,927| |Depreciation|308,473||8,676| |Eliminated
on disposal|(470,751)||| |At 31 August 2023|761,983|177,909|25,603| |Net book value|||| |At 31 August 2023|14,661,657||49,167| |At 31 August 2022|2,956,377||57,843| ||Fixtures|||| |---|---|---|---|---| ||and|Motor|Computer|| ||fittings|vehicles|equipment|Totals| ||E|||| |Cost||||| |At 1 September 2022|752,110|15,271||4,900,698| |Additions|36,000||15,726|13,585,740| |Disposals||||(1,991,012)| |At 31 August 2023|788,110|15,271|15,726|16,495,426| |Depreciation||||| |At 1 September 2022|629,548|14,703||1,763,348| |Depreciation|23,784|142|5,189|346,264| |Eliminated
on disposal||||(470,751)| |At 31 August 2023|653,332|14,845|5,189|1,638,861| |Net book value||||| |At 31 August 2023|134,778|426|10,537|14,856,565| |At 31 August 2022|122,562|568||3,137,350| ## ## ## ## |11.|Holdings
Limited resp
Debtors|ectively.
These charges are still outstanding.||| |---|---|---|---|---| ||||2023|2022| ||||F|| ||Amounts
falling due within one year:|||| ||Trade debtors||38,188|22,702| ||Other debtors||442,472|508,701| ||Prepayments
and accrued income||14,506|4,042| ||||495,166|535,445| ||Amounts
falling due after more than one year:|||| ||Other debtors||415,533|| ||Aggregate
amounts||910,699|535,445| |12.|Creditors: amounts|falling due within one year||| ||||2023|2022| ||Interest free loans (see note 14)||470,000|| ||Trade creditors||80,507|51,219| ||Social security and other taxes||61,842|25,414| ||Pension control account||8,858|7,794| ||Other creditors||78,904|153,254| ||Refundable
deposits||17,500|295,200| ||Accruals and deferred|income|21,045|29,725| ||||738,656|562,606| ## |Creditors:|amounts
falling due after more than one|year|| |---|---|---|---| |||2023|2022| ||||f.| |Interest free loans (see note 14)||1,500,000|| |Refundable|deposits|297,200|| |Murabaha|payable|2,915,533|| |||4,712,733|| ## ## |||||2023|2022| |---|---|---|---|---|---| |Amounts|falling due within||one year on demand:||| |Interest|free|loans||470,000|| |Amounts|falling between||one and two years:||| |Interest|free|loans||1,500,000|| |Movement||in funds|||| ||||Net|| |---|---|---|---|---| ||||movement|At| |||At 1.9.22|in funds|31.8.23| |Unrestricted|funds|||| |Unrestricted|donations|3,398,680|7,043,546|10,442,226| |TOTAL FUNDS||3,398,680|7,043,546|10,442,226| ## ## |Net moveme|nt|in funds, inc|lud|ed
in t|he above|are as follows:||| |---|---|---|---|---|---|---|---|---| |||||||Incoming|Resources|Movement| |||||||resources
f|expended|in funds
E| |Unrestricted||funds||||||| |Unrestricted|donations|||||11,453,970|(4,410,424)|7,043,546| |TOTAL FUNDS||||||11,453,970|(4,410,424)|7,043,546| |Comparatives||for movement||in funds||||| ||||||||Net|| ||||||||movement|At| |||||||At 1.9.21|in funds|31.8.22| |||||||||K| |Unrestricted||funds||||||| |Unrestricted|donations|||||3,235,558|163,122|3,398,680| |TOTAL FUNDS||||||3,235,558|163,122|3,398,680| |Comparative||net movement|in|funds,|included|in the above are as follows:||| |||||||Incoming|Resources|Movement| |||||||resources|expended|in funds| |Unrestricted||funds||||||| |Unrestricted|donations|||||3,395,463|(3,232,341)|163,122| |TOTAL FUNDS||||||3,395,463|(3,232,341)|163,122| ## ## |During the year|, the charit|y received the following
don|ations
from related parties.|| |---|---|---|---|---| ||||2023|2022| ||||Amount
(E)|Amount (f)| |Hartley
Hall of|Residence|Ltd|105,000|75,000| |Trustee
Mr SBSalam|||25,000|| |Trustee
Mr FZaheer|||5,000|| |Brighter Future|Initiative||14,000|| |Makki Masjid|||1,368|| |British Muslim|Heritage Centre||2,835|28,066|