REGISTERED COMPANY NUMBER: 03544402
REGISTERED CHARITY NUMBER: 1073862
MANCHESTER ISLAMIC EDUCATIONAL TRUST
LTD
REPORT OF THE TRUSTEES AND
AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
Xeinadin Audit Ltd {Statutory Auditor)
Ground Floor
Citygate
Longridge Rd
Preston
PR2 5BQ

MANCHESTER ISLAMIC EDUCATIONAL TRUST
LTD
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Page
Referen¢e and Administrative Details
Report of tho Trustees
Report of the Independent Auditors
8 to 10
Statem•nt of Financial Activities
11
Ststement of Flnancial Position
12
Statement of Cash Flows
13
Notes to the Statement of Cash Flows
14
Notes to the Financial Statements
15 to 22

MANCHESTER ISLAMIC EDUCATIONAL TRUST
LTD
REFERENCE AND ADMINISTRATIVE DETAILS
FOR THE YEAR ENDED 31 AUGUST 2024
Trustees
DrAAI Majid
Dr H Al Majid
Mr M S Al-Astewani
Dr H S A Al-Khaffaf
Mr l A B Al-salam
Mrs F Javid
MrAA O Kawooya
Mr N Mahmood
Mr S B Salam
Mr A U Sheikh
Mr F Zaheer
Mr S A Chaudhri
MrA Y Rahman (appointed 3.8.24)
Reglstered office
Hartrey Hall
Alexandra Road Soulh
Manchester
M16 8NH
Reglstered cornpany number
03544402
Registered charity number
1073862
Auditors
Xeinadin Audit Ltd (Statutory Auditor)
Ground Floor
Citygate
Longridge Rd
Preston
PR2 58Q
Page 1

MANCHESTER ISLAMIC EDUCATIONAL TRUST
LTD (REGISTERED NUMBER: 035444021
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2024
The trustees, who also serve as directors of the charity under the Companies Act 2006, present their report along with
the financial statements of the charity for the year ending 31 August 2024. The trustees have adopted the provisions of
Accounting and Reporting by Charities.- Statement of Recommended Practice applicable to charities preparing their
accounts following the Financial Reporting Standard applicable in the UK and the Republic of Ireland {FRS 1021
{effective 1 January 2019). The trustees who served during the year and up to the date of this report are listed on page
Manchester Islamic Educational Trust (MIET) Ltd was incorporated on 9 April 1998 as a company limited by guarantee
under company number 3544402 and has been granted charitable status under the Charities Act 1960. on 8 February
1999 under registration number 1073862. MIET operates KD Grammar School for Boys. Manchester Islamic Grammar
School for Girls Ifom)erly known as Manchester Islamic High School for Girls) - the name change has been approved by
the Department for Education, and Manchester Muslim Preparatory School. These schools operate from IM) different
sites.
While following the national curriculum like mainstream schools, these schools, in addition, also place a strong
emphasis on the provision and teaching of the Islamic failh to enrolled pupils. This ensures that when they leave School.
their direction is established toward higher education and high achievements. while also modelling themselves as
modern British Muslims. strong and confident in their faith. Some of our pupils have excelled and have joined
Cambridge and Oxford Universities.
The autumn term was marked by a major milestone as we successfully relocated MIGSG and MMPS to our new site in
September. setting the tone for a transformative and inspiring start to the academic year. We were especially pleased to
have passed the material change inspection ahead of the move-an outcome that reflects the meticulous planning,
rigorous compliance, and collaborative effort of everyone involved in the project. The confimiation that the new premises
meet all required standards for both pupils and staff represents a significant achievement in the Trust's history.
This milestone not only marks the physical realisation of a long-standing vision but also ushers in a new era of
educational opportunity, with an environment purpose-built to support learning. collaboration, and holistic development.
The transition to the new building has provided both schools with expanded classroom capacity and upgraded facilib'es,
greatly enhancing the overall learning experience for our pupils.
A further highlight this year was the successful integration of Manchester Muslim Preparatory School IMMPS) into the
new campus in January. Since then, both MMPS and Manchester Islamic Grammar School for Girls IMIGSGI have
operated seamlessly under one roof. with a strong and growing spirit of collaboration between the Senior Leadership
Teams. With such a significant move and both schools now sharing a single site, some challenges have naturally
arisen- however, these have been swiftly and effectively addressed to ensure minimal disruption and to maintain the
high standards expected across both institutions. This unified approach continues to strengthen our schools, shared
vision and capacity for educational excellence.
Land and buildings on these sites are fully owned by MIET. The Trust, which is a limited company, is governed by the
policies made from time to time by the trustees together with the terms of its Memorandum and Articles of Association,
which set out the objects and powers of the company. The trustees are also directors of the charity under the
Companies Act 2006. The power of appointing new trustees is vested in the trustees. The procedure to appoint or
withdraw a trustee is adopted under the Trust Deed.
New appointments must serve a minimum probationary period of six months. or longer as the case may be. based on
personal competence. independence of character. judgment, and specialist skills, and there are no relationships or
circumstsnces likely to affect, or could appear to affect, the Board's judgment. Subject to a sat15factory outcome of the
probationary period, a permanent trusteeship may be offered. The Board may also, by unanimous agreement as
specified in its Memorandum and Articles of Association, appoint an employee as a Trustee. prowded no special
financial gain may accrue to this Trustee. No such appointments or resignations took place during the reporting period.
An appropriate level of instruction is provided for bolh new and existing Trustees to update their knowledge and place
them in a position where they can sensibly identify their role and responsibilities. From time to time, Trustees go on
formal relevant training courses that our Schools and indiwdual Trustees identify are required for them to be able to
discharge hi51her duty.
Moreover. the Trustees are also encouraged to attend relevant external briefings and training courses. They are
particularly encouraged to attend various schools. functions and to meet with members of the Senior Leadership Team
and staff to understand fvrther the nature of the schools, busines5. Moreover, the Trustees meet regularly to manage the
affairs of the schools and to di5CUSS Other affairs. The Board comprises members from a variety of backgrounds, and
there are sub-comrnittees dealing with various aspects of the operation. All major decisions are ratified by the Board of
Trustees. Additionally, the trustees are responsible for setting out the strategy of the Trust and monitoring its progress
towards the stated aims and objectives. No additional trustee was appointed, and no trustee resigned during this year.
Page 2

MANCHESTER ISLAMIC EDUCATIONAL TRUST
LTD (REGISTERED NUMBER: 035444021
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2024
Staff and management are required to progress the aims and objectives of the schools under the Trust's control.
Furthemiore, pupils and staff are continuously encouraged to contribute to the local and wider community by
establishing and developing links at various levels. The daY-l￿daY management of each school is delegated to the
respective Headteacher, supported by their Senior ManagemenULeadership Team. The Head of each School
undertakes the key leadership role. overseeing the educational. pastoral, and administrative functions in consultation
with the senior staff. The day-to-day admir)istration of each School is undertaken in line with the policies and procedures
approved by the Trust. Significant expenditure decisions and major capital projects are referred to the Trust for prior
approval by the school management. In addition, there are sub-committees covering staffing. curriculum. safeguarding.
health & safety, finance, and buildings. which meet more regularly and are attended by the respective school leaders.
This team, in turn. delegates the responsibility to the teaching and non-tea¢hing staff to ensure smooth implementation.
The Trust is overseen by the Board of Trustees, which annually appoints a Chairperson, Wice Chairperson. and
T￿asUrer. Additionally, the Board appoints various coordinators and personnel responsible for crucial policies pertaining
to the schools, such as Safeguarding of children, Health & Safety, Finance. and the Ethos and Vision of the schools and
the Trust Furthermore, the Trustees have employed a Trust Administrative Manager to provide comprehensive
oversight of the school's operations and perfomiance. This manager reports to the Chairperson, VI￿ Chairperson, and
Treasurer.
Each school boasts a dedicated professional leadership team. with many members already trained in Senior Leadership
roles or actively encouraged to pursue such training from accredited institutions. The Trust bears the cost of this
training. Moreover, school leadership is encouraged to foster middle leadership skills among staff and departments
within each school.
The Trusys primary objective is to advance education in the United Kingdom. alongside Islamic educats'on. It aims to
provide and maintain schools in the UK to facilitate young individuals in understanding the doctrines and practices of the
Islamic faith and the Arabic language. The Trust adheres to current regulations, actively promoting the governmenvs
Prevent Strategy and the values of democracy and British society.
Objectives and activities
Objectives and aims
Investment policy
The Board of Trustees is authorised under the Memorandum and Articles of Association to make and hold investments
using the general funds of this Charity. However. no such investments are presently held or have been made. Part of
one of Trusvs properties. the North Wing of Hartley Hall, is rented to Hartley Hall of Residence Ltd, and it has not been
valued separately. No separate valuation for the part of the propety rented to Hartley Hall of Residence has been done
as the trustees feel it would not serve any putrpose, as the property in its entirety has been valued for rebuilding
purposes. To obtain a fair rent. an outside rental valuation agency was previously employed to determine this. Rent
based on this valuation is being received from Hartley Hall of Residence.
Risk managernent
The trustees actively review the major risks which the charity faces regularly and believe that maintaining reserves,
combined with an annual review of the controls over key financial systems, will provide sufficient resources in the event
of adverse conditions. The trustees have a150 examined other operational and business risk5 fa￿d by the charity and
confirm that they have established systems to mitigate the significant risks. In addition to the risk assessment5 carried
out for insurance, the schools also carry out numerous other risk assessments as required by the various regulations
goveming schools.
Additionally. in accordance with normal commercial practice, the Trust has purchased insurance, which also includes
protection for the Trustees and staff from claim5 arising from negligent acts. errors. or omissions occurring whilst on
School business.
Page 3

MANCHESTER ISLAMIC EDUCATIONAL TRUST
LTD (REGISTERED NUMBER: 035444021
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2024
Intendgd irnpact and strategies
Within these objecb'ves. MIET aims lo provide services that are beneficial to the community it serves. The charity's goal
is to benefit the public in the broadest sense by educating children in a faith-based ethos and environment. MIET firmly
believes Ihat such an ethos and environment serve the public interest and are beneficial for the children who receive the
services provided. Education rooted in a faith ethos lays a strong foundation for higher education, enabling individuals to
become better citizens who Can contribute more effectively to the nation. For these reasons, MIET inib'ally established
faith-based schools.. the Islamic High School for Girls in 1992 (now known as Manchester Islamic Grammar School for
GiAs}, followed shortly thereafter by Manchester Muslim Preparatory School. KD Grammar School for Boys was
established in 1999.
The schools implement the aims and objectives of the Trust and further the interest of public benefit by striving to
provide an outstanding independent education. This is achieved through rigorous academic tuition. fostering awareness
of spiritual values, and developing artistic, moral, cultural. and social skills in all pupils. The aim is to create an
6nvironment where each pupil Can begin lo realise their potential, thereby building self-confidence and self-esteem in
preparation for a contented and fulfilling life, contributing to the welfare of the wider community. Education appropriate to
the needs of boys and girls aged 3 to 16 is offered.
Progression is as important as attainmenl., the schools consistently achieve a higher value-added Component to their
educational mix and regime than the national average. As diagnostic tools become more sophisticated. it is increasingly
evident that some children require specialist SEND support. The schools are equipping themselves to provide this
support wherever possible. The Trust has committed to conlinually upskill its SEND coordinators to enhance provision
and service in this area.
The Trustees aim to create a supportive and caring environment where each pupil is recognised and educated as an
individual. MIET seeks to produce academically and spiritually well-educated young men and women with highly
developed interpersonal skills and a broad range of interests. enabling them to compete at any level.
Over the years, the Trust has extended additional financial help and assislance to those less fortunate who have
difficulty paying full fees. as well as offering discounts to siblings. The trustees continue to explore the possibility of
offering A-levels at the schools for pupils who have completed their GCSES.
It is worth mentioning that no discounts or incentives, financial or otherwise, are offered to any trustee with a child
enrolled in any of our schools. The Trusfs marketing and effective fundraising efforts in recent years have sparked
increasing community interest resulting in higher-than-usual enrolment applications and the successfrjl purchase of the
new building.
Trustees. EHT. and the SLT teams from both High schools were very pleased with our outstsnding 2023 GCSE exam
results. where all pupils in the high schools achieved their full potential and aspirational grades. Academic performance
across the Trust remained strong during the year, reflecting the collective efforts of pupils. stsff, and leadership teams.
We are particularly proud of the achievements at Manchester Islamic Grammar School for Girfs IMIGSGI. where the
GCSE results in August 2023 were outstsnding. These results are a true reflection of the dedication and hard work of
our pupils, alongside the tireless support of both teaching and non-teaching stsff. In addition. the school continues to
grow steadily, with three full Year 7 form entries-a clear indication of the school's growng reputation and the continued
trust placed in it by the community.
We hope to replicate these outcom85. and the level of improvement accomplished will reflect on all subsequent cohorts.
To that purpose, the Schools implement intervention strategies in every subject, typically. this begins in January. but this
year, the school began at the start of the academic year to enhance pupil support.
This year, ovr high schools held their annual presentation evenings on separate occasions. once again celebrating
pupils, achievements with enthusiasm and pride. The events were well-attended and reffected the wbrant spirit of each
school Community. The spring and summer temis remained busy with a full calendar of activities, enrichment
opportunities. and the continued settling-in process at the new site following the successful relocation in September.
Although school fees had increased for the current academic year, only a small number of parents chose to withdraw
their children, however, there was a renewed interest in our schools from other parents
an indication of the
community's continued confidence in the schools. Staff have continued to respond positively to the new pay scheme.
which remains well-received and appreciated across all schools. The scheme has contributed to improved morale,
stronger staff retention, and a shared sense of being valued and supported in their roles. This positive response has
been further reinforced by strong leadership and management support.. this has contributed to rnaintaining high levels of
staff performan￿ and commitrnent to our schools, shared goals. This year marked the first full academic year in our
newly acquired building, which has quickly become a vibrant hub for staff. pupils, and parents alike. A series of welcome
events and orientation sessions were successfully held for new families joining us in September. Staff also continued to
engage with both current and prospective parents frorn both schools, showcasing the facilities and highlighting the
opportunities the new site offers for enhanced learning and community engagement.
Page 4

MANCHESTER ISLAMIC EDUCATIONAL TRUST
LTD (REGISTERED NUMBER: 03544402)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2024
This year marked the first full academic year wth both MMPS and MIGSG operating under the oversight of the
Independent Schools Inspectorate IISII, following successful registration with the Independent Schools Association
(ISAI last year. All MIET schools are now regulated by a single inspectorate, ensuring alignment in standards across the
Trust. MIGSG, having met all regulatory requirements in its first compliance inspection in June 2024. continues to
uphold the standards set by ISI.
Financial management remained responsible and prudent. with discretionary funds d1￿cted towards high-impact areas
to enhance the pupil experience. Enrolment levels across the schools remained stsble, and the Trustees remain
confident in the Schools, continued ability to meet the objectives set out in the Articles of Association.
strategic report
Achievement and performance
The trustees are pleased that the academic attainment and achievement of our schools have shown improvement
throughout the year. The public examination results for GCSES continued to reflect the high level of progress.
improvement. and achievement expected from the pupils at both schools. Teaching and learning continue to improve.
Staff are continuously being trained lo improve in this area.. regular CPDS and staff insets are organised- extra-curricular
activities continue to expand. The organisation of interfaith exchange programmes, fundraising for various Appeals and
Charities. such as Penny Appeal, Islamic Relief, British Heart Foundation, etc., is again being regularly conducted to
impart the importance of such actiirities in raising awareness among the children and character building. The aim is to
foster an appreciation amongst our pupils of the needs of others less fortunate than themselves. This social awareness
and sensitivity are fostered by regular fundraising. For all good causes, the Schools raised around £610.702 during the
year. The Trustees are also sats'sfied that the schools achieve their stated objectives throughout the year. The annual
Umrah trip remains a cherished and impactful experience for pupils and staff from both high schools. It continues to
serve as a valuable initiative, not only nurturing spiritual growth and a strong sense of community, and supporting our
schools. wider visibility and appeal. The trip reflects a unique ethos and well-rounded educational values upheld by our
schools. Ongoing enthusiasm and positive responses from pupils, parents, and the broader community reaffirm its
Significan￿ and the role it plays in enhancing the Trust's reputation.
In line with maintaining the buildings and keeping the schools in good and presentable condition. and to fijlfil the Health
& Safety guidelines. regular repair and maintenance work is carried out. The schools, computer systems are regularly
upgraded or replaced, as ne￿Ssary. to 5UPPOrt and enhance the quality of education. The Schools have interactive
boards as an additional resource to be used by staff to inform the pupils better and facilitate their educational
experience more robustly. All this is in line with the Trusvs strategy to improve their educational facilities and to provide
an atmosphere where pupils can feel safe and learn in an environment conducive to learning.
The Trustees, policy is to award scholarships based on the individual's ability. Whether or not a scholarship is offered,
parents also have the opportunity to apply for a means-tested bursary to supplement it so that their children can corne to
the schools. Means-tested bursaries are also available to new entrants to the School to widen public access. and they
are also available to existing parents encountering unforeseen hardship through no fault of their own, whose children's
education is at a critical stage.
In line with the policy and vision of the Trust. MIET aims to provide British values to their pupils. which 15 in no way
different from the values expressed by their faith.. values of tolerance, peace. coexisten￿. to be charitable, et¢. The
pupils are taken to houses of worship of other religions and faiths.. pupils of other faiths arè invited to visit our schools,
and pupils from our schools visit schoo15 of other faiths or none.
Each school is fortunate to have staff that is hard working and fully committed, and. in turn. is led by a capable leader
and Senior Managemenv Leadership Teams. New structure in the fomi of a promotion of a senior leadership member to
the position of Headteacher or a 16ader. under the guidance of the very experienced executive Headteacher. The
position of the Executive Headteacher. a scheme which was instituted in 2017, include5 oversight of all three schools,
providing guidance when needed. experience, and support when and where required. There have been a few staff
changes during the year at all the schools,. this 15 in line with such changes taking place at all schools during the
academic year. The Boys School and the Preparatory School also have a Depuly Headteacher to help the leadership.
The Senior Managemenu Leadership Team of each School continues to review the curriculum and extr8-¢urricular
activities to ensure their relevance in improving the quality of education. Under its charitable objectives. the Schools
continued to provide a highquality education blended with failh-based subjects and curriculum for ils pupils. The
Schoo15 will continue to improve and broaden their curriculum using ongoing feedback.
Page 5

MANCHESTER ISLAMIC EDUCATIONAL TRUST
LTD (REGISTERED NUMBER: 035444021
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2024
Strategic report
Flnancial review
Financial position
Our schools, principal funding sources are from school fees. which amounted to £3,757,089 (2023: £3.190,3311. The
schools continue to hire out facilities, including during vacations and after-school hours. and have contributed £96.115
to tre income. This facility is provided to the community and the public at discounted pri￿SIrateS to facilitate ease of
availability to benefit the community and public. Overhead per￿ntage has remained fairly consistent throughout the
period.
Although the principal source of fijnding for running the schools is th8 fee charged from the pupils, fundraising is being
pursued continuously by the schools and the Trust to augment the funds needed.
Reserves poll¢y
Thi5 policy details that the charity presently maintains unrestricted funds and sufficient asset value to cover unforeseen
and major expenditure and shortfalls in income of at least months. This reserve is to be considered unrestricted.
The trustees remain confident in their ability to raise the necessary fvnds. thereby adhering to the maintenance of a
balanced budget.
The Trust also has the following written policies..
1. Volunteer policy.
2. Conflict of interest policy.
3. Investment policy.
Golng concern
The trustees consider that the projected net income and the value of realisable assets will be rnore than adequate to
cover the current liabilities of the charity. Hence, the trustees conclude that the accounts comply with the requirements
of the Trusvs governing body, and it remains a going concern.
Remuneration poll¢y
The charity follows a policy on remuneration very much dependent on the demand and supply of requirement of
personnel with a particular skill set or specialism at the given time. It nevertheless considers the overall budgetary and
financial position of the charity at that particular time. The risk of losing personnel to other organisalions willing to pay
more lucrative remuneration always exists.. however, the charity offsets this by employing younger personnel. It institutes
a very rigorous and robust training and professional development programme to add and provide rigour lo teaching and
learning and olher areas associated wth improvtng the provision of education. Another attraction offered, especially to
the higher management level staff. is to provide a very pleasant and friendly workplace environment where they are
made to feel important and valued.
Strategic Report, financial review, plans for future perlods
The key plans related to the charitable aspects of the schools remain as follows..
1. Improvement in teaching & learning.,
2. Prepare for futu￿ school inspections.
3. To maintain our schools, continuous work in giving our pupils every opportunity to be the best they can be, both in and
outside the classroom.,
4. High expectations and learning strategies tailored to the individual pupil lead to high levels of attainment:
5. Pupils are encouraged to take on challenges, to overcome setbacks, and to see failure as part of the journey to
success. to develop the resilience. initiative, flexibility. creativity. and collaborative skills that wll prepare them for the
next stage of their education and later life.
6. Our plans are financed primarily from fee income and other resour￿$. The Trustees view our bursary and scholarship
awards as important in widening access lo the education our schools provide and are committed to maintsining these
budgets in the fvture.
7. Greater emphasis was given to continuous development & training of staff members so that improved teaching and
learning and greater numbers could be classified as "Outstanding" and "Good" in their field of work..
8. Continued forensic review of budgets and financial spending.,
9. Improvement of the marketing plans for recruiting extra pupils in all schools.,
A. Manchester Islamic Grammar School for Girls and Manchester Muslim Preparatory School have relocated to a larger
site that can accommodate both schools and allow future expansion.
B. Having both schools on one site will allow the redu¢tion in management staff and will permit Ihe use of other
non-teaching and teaching staff much more efficiently because of having both schools in one place. This wll. of cour58.
release more income to raise educational achievement and long-term sustainability-
C. One important consideration which should not be ignored is the impression and the feeling of pride that the
establishment of these Islamic schools on this site and in this building will have on our community. and the message it
will carry to all communities in the area.
Page 6

MANCHESTER ISLAMIC EDUCATIONAL TRUST
LTD (REGISTERED NUMBER: 03544402)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2024
Structure, governance and management
Governing document
The charity is controlled by its governing document. a deed of trust, and constitutes a limited company. limited by
guarantee, as defined by the Companies Act 2006.
ststement of trustees. re$pon$ibilities
The trustees are responsible for preparing the annual report and financial statements in accordance with applicable law
and United Kingdom Generally Accepted Accounling Practice.
Company Law requires the trustees to prepare financial statements for each financial year which give a true and fair
ew of the state of affairs of the charity and of the surplus or deficit of the charity for that period. In preparing these
financial statements. the trustees are required to..
select suitable accounting policies and then apply them consistently.,
make judgements and estimates that are reasonable and prudent.. and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will
continue in operation.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any
time the financial position of the charity and which enable them to ensure that the financial statements comply wth the
Companies Act 1985. They are also responsible for safeguarding the assets of the charity and hence for taking
reasonable steps for the prevention and detection of fraud and other irregularities.
In so far as the trustees are aware..
there is no relevant audit information of which the charity's auditors are unaware.. and
the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit
information and to establish that the auditors are awaTe of that information.
Auditors
The auditors, Xeinadin Audit Ltd (Statutory Auditor), will be proposed for re-appointment at the forthcoming Annual
General Meeting.
Report of the trustees, incorporating a strategic report. approved by order of the board of trustees. as the company
directors. on ..2410612025.. and signed on the board's behalf by..
Mr F Zaheer- Trustee
Paga 7

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
MANCHESTER ISLAMIC EDUCATIONAL TRUST
LTD
Opinlon
We have audited the financial statements of Manchester Islamic Educational Trust Ltd (the 'charitable company,) for the
year ended 31 August 2024 which comprise the Ststement of Financial Activities, the Statement of Financial Position,
the Statement of Cash Flows and notes to the financial statements, including a summary of significant accounting
policies. The financial ￿portIng framework that has been applied in their preparation is applicable law and United
Kingdom Accounting Slandards {United lfjngdom Generally Accepted Accounting practi￿).
In our opinion the financial slatements..
give a true and fair view of the state of the charitable company's affairs as at 31 August 2024 and of its incoming
resources and application of resources, including its income and expenditu￿, for the year then ended.,
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice., and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinlon
We conducted our audit in accordance with International Standards on Auditing (UK) {ISAs {UK)) and applicable law.
Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit of the
financial statements section of our report. We are independent of the charitable company in accordance with the ethical
requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Slandard.
and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit
evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Con¢lu$ions relating to going concern
In auditing the financial statements, we have concluded that the trustees, use of the going ¢oncern basis of accounting
in the preparation of the financial statements is appropriate.
Based on the work we have perfom)ed, we have not identified any material Un￿rtaIntieS relating to events or conditions
that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going
concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in Ihe relevant
sections of this report.
Other information
The trustees are responsible for the other information. The other information comprises the information included in the
Annual Report. other than the financial statements and our Report of the Independent Auditors theFeon.
Our opinion on the financial statements does not cover the other information and. except to the extent otherwise
explicitly stated in our report. we do not express any fom of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and. in doing
so, consider whether the other information is materially inconsistent with Ihe financial statements or our knowledge
obtained in the audit or otherwise appears to be materially misslated. If we identify such material inconsistencies or
apparent material misstatements, we are required to determine whether this gives rise to a material misststsment in the
financial statemenls themselves. If, based on the work we have performed. we conclude that there is a material
misstatement of this other information. we are required to report that fact. We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit..
the infomiation given in the Report of the Trustees for the financial year for which the financial statements are
prepared is consistent with the financial statements,. and
the Report of the Trustees has been prepared in accordance with applicable legal requirements.
Matters on which we are requlred to report by exception
In the light of the knowledge and understanding of the charitable company and tts environment obtained in the course of
the audit. we have not identified material misstatements in the Report of the Trustees.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you
if. in our opinion..
adequate accounting records have not been kept or returns adequate for our audit have not been received from
branches not visited by us- or
the financial statements are not in agreement with the accounting records and returns.. or
certain disclosures of trustees, remuneration specified by law are not made.. or
we have not received all the information and explanations we require for our audiL
Page 8

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
MANCHESTER ISLAMIC EDUCATIONAL TRUST
LTD
Responsibilities of trustees
As explained more fully in the Statement of Trustees, Responsibilities. the trustees (who are also the directors of the
charitable company for the purposes of company law} are responsible for the preparation of the financial statements and
for being satisfied that they give a true and fair view, and for such intemal control as the trustees determine is necessary
to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the tnjstees are responsible for assessing the charitable company's ability to
continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern
basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have
no realistic alternative but to do $0.
Our responsibilltles for the audit of the flnan¢ial statements
Our objectives are to obtain reasonable assuran￿ about whether the financial statements as a whole are free from
material misstatement. whether due to fraud or error, and to issue a Report of the Independent Auditors that includes
our opinion. Reasonable assurance is a high level of assurance. but is not a guarantee that an audit conducted in
accordance with ISAS IUKI will always detect a material misstatement when it exists. Misstatements can arise from fraud
or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influen
the economic decisions of users laken on the basis of these financial statements.
Our approach to identifying and assessing the risks of material misslatement in respect of irregularities, including fraud
and non-compliance with laws and regulations. was as follows..
the engagement partner ensured that the engagement team collecb'vely had the appropriate competence. capabilities
and skills to identify or recognise non-compliance with applicable laws and regulations.,
we identified the laws and regulations applicable to the charity through discussions with trustees and other
management. and from our commercial knowledge and experience of the charities sector",
we assessed the extent of compliance with the laws and regulations identified above through making enquiries of
management and inspecting legal correspondence- and
identified laws and regulations were communicated within the audit team ￿gUlarlY and the team remained alert to
instances of non-compliance throughout the audit.
We assessed the susceptibility of the company's financial statements to matsrial misstatement, including obtaining an
understanding of how fraud might occur, by".
making enquiries of management as lo where they considered there was susceptibility to fraud. their knowledge of
actual, suspected and alleged fraud.. and
considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.
To address the risk of fraud through management bias and override of controls. we..
performed analytical procedures to identify any unusual or unexpected relationships.,
tested journal entries to identify unusual transactions.,
assessed whether judgements and assumptions made in determining the accounting estimates set out in notes to
accounts were indicative of potential bias- and
investigated the rationale behind significant or unusual transactions.
in response to the risk of irregularities and non-compliance with laws and regulations. we designed prO￿dureS which
included. but were not limiled to..
agreeing financial statement disclosures to underlying supporting documentation.,
reading the minutes of meetings of those charged with govemance",
enquiring of management as to actual and potential litigation and claims.. and
reviewing correspondence with HMRC. relevant regulators including the Health and Safety Executive, and the
company's legal advisors.
There are inherent limitations in our audit procedures described above. Auditing standards also limit the audit
procedures required to idenlify non-compliance with laws and regulations to enquiry of the directors and other
management and the inspection of regulatory and legal correspondence, if any. Material misstatements that arise due to
fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting
Council's website at www.frc.org.uklauditorsrespon5ibilities. This description foms part of our Report of the Independent
Auditors.
Page g

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
MANCHESTER ISLAMIC EDUCATIONAL TRUST
LTD
Use of our report
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of
the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company,
members those matters we are required to state to them in an auditors, report and for no other purpose. To the fullest
extent permitted by law. we do not accept or assume responsibility to anyone other than the charitable company and the
charitable company's members as a body, for our audit work. for this report, or for the opinions we have fomied.
Farook Patel (Senior Statutory Auditor)
for and on behalf of Xeinadin Audil Ltd (Statutory Auditor)
Ground Floor
Citygate
Longridge Rd
Preston
PR2 5BQ
Date..
Page 10

MANCHESTER ISLAMIC EDUCATIONAL TRUST
LTD
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 AUGUST 2024
2024
Totsl
funds
2023
Total
funds
Unrestricted
funds
Restricted
fund
Notes
Income and endowments from
Donations and legacies
610.702
610,702
475,433
Charitable activities
Charitable activities
3,862,505
3,862.505
3.316,540
Investsment income
Other income
96,115
96.115
78,000
7,583,997
Total
4.589,322
4.569.322
11,453,970
Expenditure on
Charitable activities
Charitable activities
4.913,243
4,913,243
4,410.424
NET INCOMEI{EXPENDITURE}
{343.9211
{343,921)
7,043,546
Reconclllation of funds
Total funds brought forward
10,442.226
10.442.226
3,398,680
Total funds carried forward
10,098.305
10.098.305
10,442,226
The notes form part of these financial statements
Page11

MANCHESTER ISLAMIC EDUCATIONAL TRUST
LTD (REGISTERED NUMBER: 035444021
STATEMENT OF FINANCIAL POSITION
31 AUGUST 2024
2024
Total
funds
2023
Total
funds
Unrestrlcted
funds
Restricted
fund
Notes
Fixed assets
Tangible assets
10
15.621,324
15,621,324
14,856,565
Current assets
Debtors
Cash at bank and in hand
305.533
141,032
305.533
141,032
910,699
126.351
446,565
446.565
1,037,050
Creditors
Amounts falling due within one year
12
12.656.876}
{2,656,876)
{738.6S6)
Not current assets
{2.210.3111
{2,210,311)
298,394
Total assets less ¢urront liabilities
13,411,013
13,411,013
15.154,959
Creditors
Amounts falling due after more than one year
13
13,312,708)
13.312.708) {4,712,7331
NET ASSETS
10.098.305
10,098.305
10,442.226
Funds
Unrestricted funds
15
10,098.305
10,442.226
Total funds
10,098.305
10,442,226
The financial statements were approved by the Board of Trustees and authorised for issu6
.2410612025.. and were signed on its behalf by..
on
Mr F Zaheer- Trustee
The notes form part of these financial statements
Page 12

MANCHESTER ISLAMIC EDUCATIONAL TRUST
LTD
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 AUGUST 2024
2024
2023
Notes
Cash flows from operatlng a¢tivities
Cash generated from operations
S41.260
2,349,342
Net cash provided by operating activities
541.260
2,349,342
Cash flows from investing activities
Purchase of tangible fixed assets
Sale of tangible fixed assets
{1,135,076)
113,585,740)
9,104,258
Net cash used in investing activities
{1.135,076)
{4.481.4821
Cash flows from financing actlvlties
New loans in year
Loan repayments in year
1.031,000
1422.5031
3.491.500
11,521.500)
Net cash provided by financing activities
608.497
1,970.000
Change in cash and cash equivalents in
the reporting period
Cash and ¢ash equivalents at the
beginning of the reporting period
14.681
(162,140)
126,351
288,491
Cash and ¢a$h equivalents at the end of
the reporting period
141.032
126.351
The notes form part of these financial statements
Page 13

MANCHESTER ISLAMIC EDUCATIONAL TRUST
LTD
NOTES TO THE STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 AUGUST 2024
Recon¢iliation of net (exponditureyincome to net cash flow from operatlng activities
2024
2023
Net lexpenditure)Iln¢ome for the reportlng period (as per the
Statement of Financial Actlviti¢s)
Adjustments for:
Depreciation charges
Profit on disposal of fixed assets
Re￿ndable deposits retlassification
Decreasellincrease) in debtors
(Decreasellincrease in creditors
1343.9211
7.043,546
370,317
346.264
{7,583.997}
297.200
1375.2541
2,621,583
605,166
190,302)
Net cash provided by operations
541,260
2.349,342
Analysls of changes in net dobt
At 1.9.23
Cash flow
At 31.8.24
Net cash
Cash at bank and in hand
126,351
14.681
141,032
126.351
14.681
141.032
Debt
Debts falling due within 1 year
Debts falling due after 1 year
{470,0001 {1.808.497)
{1.500,000)
1,200,000
(2,278,497}
1300.0001
(1,970,000)
{608,4971
12.578,4971
Total
(1,843,649)
(593.8161 {2,437,4651
The notes form part of these financial statements
Page 14

MANCHESTER ISLAMIC EDUCATIONAL TRUST
LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Accountlng policies
Bas1$ of preparing the financlal statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been
prepared in accordance with the Charib'es SORP (FRS 1021 'Accounting and Reporting by Charities.. Statement
of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191,, Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the
Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Crltl¢al accounting judgements and key sources of estimation un¢•rtainty
The preparation of the financial statements requires management to make judgements, estimates and
assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and
are based on experience and other factors. including expectations of future events that are believed to be
reasonable under the Circumstances.
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the
charity.. it is probable that the economic benefits associated with the transaction will flow to the charity and the
amount can be Teliably measured. The following specific policies are applied to particular categories of income..
Income from school fees represents fees earned in respect of the provision of education to pupils during the
year. Fees for education to be prowded in fijture years are carried forward as deferred income in the balance
sheet.
Income trom donations or grants is recognised when there is evidence of enlitlement to the gift, receipt is
probable and its amount can be measured reliably.
Income from investments is included in the year in which it is receivable.
Resources expended
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which
cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Expenditure on raising funds includes the costs of all fundraising activities. events. nonrycharitable trading
actimties, and the sale of donated goods.
Expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its
charitable aims for the benefit of its beneficiaries. including those support costs and costs relating to the
governan￿ of the charity apporttoned to charitsble activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Dire￿ costs attributable to a
single activity are allocated directly to that activity- Shared ¢osts are apportioned be￿een the activities they
contribute to on a reasonable. justifiable and consistent basis.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful
Freehold prop8rty
Short leasehold
Plant and machinery
Fixtures and fittings
Motor vehicles
Computer equipment
2°h per annum straight line basis
Straight line over 10 years
15.kn on reducing balan
15 % on reducing balance
25'/o on reducing balance
334A on reducing balance
Taxation
The charity is exempt from corporation tax on its charitsble activities.
Fund a¢counting
Unrestricted fijnds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted fijnds can only be used for particular restricted purposes wthin the objects of the charity. Restrictions
arise when specified by the donor or when fund5 are raised for particular restricted purposes.
Page 15
continued...

MANCHESTER ISLAMIC EDUCATIONAL TRUST
LTD
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024
Accounting poll¢les - continued
Fund ac¢ountlng
Further explanation of the nature and purpose of each fund is included in the notes lo the financial statements.
Company limited by guarantee
Manchester Islamic Educational Trust Limited is a company limited by guarantee and accordingly does not have
a share capital. Every member of the company undertakes to contribute such amount as may be required not
exceeding £1 to the assets of the charitable company in the event of its being wound up while he or she is a
member. or wthin one year after he or she ceases to be a member.
Pension cosls and other post-retlrement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the
charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which
they relate.
Financial In$trum¢nt$
The charity only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic
financial instruments are initially recognised at transaction value and subsequently measured at amottysed cost.
Financial assets held at amortised cost comprise cash and bank in hand, trade debtors and other debtors. A
specific provision is made for debts for which recoverability is in doubt. Financial liabilities held at amortised cost
comprise all creditors except social security and other taxes.
Cost plus finance
The charity has entered a commodity murabaha purchase and sale agreement with a financial institution for debt
finance purposes. Under the terms of the agreement, the charity purchases non-precious metal commodities
from the financial institution on a deferred payment basis and sells these through this financial institulion to a
third party. The payable related to the purchased commodity under an agreement is recognised at the value of
consideration paid and is presented as commodity murabaha purchase liability in the statement of financial
position. The difference between the sale and purchase price is recognised as a financing cost and accrued on
an amortised cost basis over the period of agreement.
Going concern
As of 31 August 2024. the charity has outstanding loans totalling £5.294.005. resulting in a net current liability of
£2,210,311. Following the year end, the charity has repaid £1.200.000 of the loans through a new one year
bridging facility, wth plans to finalise the refinancing of the remaining loans by September 2025.. should there be
any delays, alternative arrangements can be made with our current lender, Nester Platform Ltd. In light of these
circumstances. the trustees believe it is appropriate to prepare the financial statements on a going concern
basis. and no adjustments have been made that would indicate otherwise.
Donations and legacies
2024
2023
Donations receiv8d
610.702
475,433
Inveslment income
2024
2023
Rents received
96,115
78.000
Page 16
continued...

MANCHESTER ISLAMIC EDUCATIONAL TRUST
LTD
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 AUGUST 2024
Income from charltsble aclivities
2024
2023
Activity
Charitable activities
School fees
Books. sundry fees and
miscellaneous income
Grants
3,757,089
3,190,331
Charitable activities
Charitable activities
70,416
35,000
126,209
3,862.505
3.316.540
Grants received, included in the above, are as follows=
2024
2023
Islamic Relief
35.000
Charitable actlvltles costs
Support
costs {see
note 6)
Direct
Costs
Totsls
Charitsble activities
3,356.049
1,557,194
4,913.243
Support costs
Infonnation
technology
Governance
costs
Management
Finance
Totals
Charitable activities
1,245,034
231.479
25,216
55.465
1.557.194
Net in¢omel(expendlturel
Net incomel{expenditure) is stated after chargingllcrediting)..
2024
2023
Auditors, remuneration
Depreciation - owned assets
Hire of plant and machinery
Other operating leases
IDeficit}Isurplus on disposal of fixed assels
6,600
370.317
12,284
60.251
50,000
6.000
346,264
8.271
163,773
{7.583.9971
Trust¢os' remuneration and beneflts
During the year, the charity paid remuneration of £60,000 {2023.' £60,500) to Mr A U Sheikh in addition to their
trusteeship.
Trustees. expenses
There were no Irustee expenses paid for the year ended 31 August 2024 {2023'. £nill.
Page 17
continued..

MANCHESTER ISLAMIC EDUCATIONAL TRUST
LTD
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024
Staff costs
2024
2023
Wages and salaries
Social security costs
Other pension costs
2,706.719
217,162
52,416
2,362,912
188.622
44,886
2,976,297
2,596,420
The average monthly number of employees during the year was as follows..
2024
72
45
2023
72
48
Teaching staff
Support staff
117
120
The number ol employees whose employee benefits (excluding employer pension costs) exceeded £60,000
was".
2024
2023
£70,001- £80.000
The key management personnel of the charity comprise the Trustees. the head teachers and the trust
administrators. The total employee benefits of the key management petsonnel of the charity were £259,712
12023.. £252,189).
10.
Tangible fixed assets
Freehold
property
Short
leasehold
Plant and
machinery
Cost
At 1 September 2023
Additions
Disposals
15.423,640
1.077,995
177,909
74.770
{177,9091
At 31 August 2024
16,501,635
74.770
Depreciatlon
At 1 September2023
Depreciation
Eliminated on disposal
761.983
330,173
177,909
25.603
7.375
(177,9091
At 31 August 2024
1.092.156
32.978
Net book value
At 31 August 2024
15,409.479
41,792
At 31 August 2023
14,661,657
49,167
Page 18
continued..

MANCHESTER ISLAMIC EDUCATIONAL TRUST
LTD
NOTES TO THE FINANCIAL STATEMENTS - contlnued
FOR THE YEAR ENDED 31 AUGUST 2024
10.
Tanglble fixed assets Continued
Flxturos
and
fittings
Motor
vehicles
Computer
equipment
Totals
Cost
At 1 September 2023
Additions
Disposals
788.110
54,825
15,271
15,726
2,256
16,495,426
1.135.076
1177,9091
At 31 August 2024
842.935
15,271
17,982
17,452,593
Depreciation
At 1 September 2023
Depreciation
Eliminated on disposal
653,332
28.440
14.845
107
5,189
4.222
1.638.861
370,317
1177.9091
At 31 August 2024
681,772
14.952
9,411
1.831.269
Net book value
At 31 August 2024
161.163
319
8.571
15,621,324
At 31 August 2023
134.778
426
10,537
14,856,565
Manchester Islamic Educational Trust owns two freehold properties and these are situated as follows:
Hartley Hall. Alexandra Road South, Manchester
Fielden Campus, Barlow Moor Road. West Didsbury
In the opinion of the Trustees, the cost of professionally valuing these assets to include a value in the accounts
oulweighs the benefits to the users of the ac¢ounts. They are insured for £28m which is an estimate of their
reinstatement value.
A fixed and floating charge over the undertaking and all propety and assets present and future was created on
23 September 2022 and 10 October 2022 by Nester Platfomi Ltd. These charges are still outstanding.
11.
Debtors
2024
2023
Amounts falling due within one year.
Trade debtors
Other debtors
Prepayments and accrued income
28,581
265.508
11,444
38,188
442,472
14,506
305,533
495,166
Amounts falling due after more than on6 year..
Other debtors
415,533
Aggregate amounts
305,533
910.699
Page 19
continued..

MANCHESTER ISLAMIC EDUCATIONAL TRUST
LTD
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024
12.
Creditors: amounts falling due wlthln one year
2024
2023
Interest free loans {see note 141
Trade creditors
Social security and other taxes
Pension control account
other creditors
Refundable deposits
Accruals and deferred income
2,278,497
184.258
55,264
9,763
99,054
4,500
25.540
470,000
80,507
61.842
8,858
78.904
17,500
21.045
2,656,876
738,656
Till the date of approving these accounts. the charity has repaid a loan of £1,200,000 which is included in
interest free loans.
13.
Creditors: amounts falling due after more than one year
2024
2023
Interest free loans (see note 14}
Refundable deposits
Murabaha payable
300.000
297,200
2.715.508
1,500,000
297.200
2,915,533
3.312,708
4,712.733
The charity has entered a commodity murabaha purchase and sale agreement with a financial institution. Under
the terms of the agreement. the charity has purchased a non-precious metal commodities from the financial
institution on a deferred payment basis and has simultaneously sold these through financial institution to third
parties. The outstanding balance as of 31 August 2024 of £2,715,508 represents the purchase price under this
agreement. Durin9 the year, the financing cost incurred on the commodity murabaha purchase agreement was
£200,025.
14.
Loans
An analysis of the maturity of loans is given below..
2024
2023
Amounts falling due wilhin one year on demand..
Interest free loans
2,278.497
470,000
Amounts falling be￿88n one and years..
Interest free loans
300.000
1.500.000
15.
Movement in funds
Net
movement
In funds
At
31.8.24
At 1.9.23
Unrestricted funds
Unrestricted donations
10,442.226
{343.9211
10.098,305
TOTAL FUNDS
10,442,226
{343.921)
10,098,305
Page 20
continued...

MANCHESTER ISLAMIC EDUCATIONAL TRUST
LTD
NOTES TO THE FINANCIAL STATEMENTS - Contlnued
FOR THE YEAR ENDED 31 AUGUST 2024
15.
Movement in funds - continued
Net movement in funds, included in the above are as follows..
Incorning
regour¢es
Resources
expended
Movement
In funds
Unrestrl¢ted funds
Unrestricted donations
4.569.322
14.913.243)
1343.9211
TOTAL FUNDS
4.569.322
14.913,2431
1343.9211
Comparatives for movement in funds
Net
movement
In funds
At
31.8.23
At 1.9.22
Unrestrlctod fund5
Unrestricted donations
3.398.680
7,043.546
10.442.226
TOTAL FUNDS
3,398.680
7,043.546
10.442,226
Comparative net movement in fiJnds, included in the above are as follows:
Incoming
rosources
Resources
expended
Movement
in funds
Unrestricted funds
Unrestricted donations
11,453.970
(4,410.4241
7,043,546
TOTAL FUNDS
11,453,970
(4,410,424)
7,043,546
16.
Employee benefit obligatlons
The amount recognised in income or expenditure as an expense in relation to defined contribution plans was
£52,41612023.' £44.8861.
17.
Related party disclosures
During the year, one of the trustee Mr F Zaheer has advanced £25,00012023.' £25,000) to the charity as a loan.
The loan is interest free and repayable on demand.
During the year. one of the trustee Mr S B Salam has advanced £100.000 {2023.' £100,000) to the charity as a
loan. The loan is interest free and repayable on demand.
During the year. a charity Makki Masjid in which Mr F Zaheer is a trustee has advanced £40.000 12023..
£100,000) to the charity as a loan. The loan is intsrest free and repayable on demand.
During the year, a charity Brit15h Muslim Heritage Centre in which Mr F Z8heer and Mr N Mahmood are trustees
has advanced £137,49712023= £125,000) to the charity as a loan. The loan is interest free and repayable on
demand.
One of the trustee currently sends his children to our schools and fully adheres to this policy by paying the
stsndard school fees wlhout any discounts or special considerations.
During the year, the Charity received the following donations from related parties.
Page 21
continued...

MANCHESTER ISLAMIC EDUCATIONAL TRUST
LTD
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024
17.
Related party disclosures - continued
2024
Amount 1£)
125.000
2023
Amount (£1
105,000
25.000
5.000
14.000
1.368
2,835
Hartley Hall of Residence Ltd
Trustee Mr S B Salam
Trustee Mr F Zaheer
Brighter Future Initiative
Makki Masjid
British Muslim Heritage Cent
11,000
87.503
Page 22