**Charity number: 1097818**
## **SCHOOL OF SUFI TEACHING**
## **UNAUDITED**
**TRUSTEES' REPORT AND FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 5 APRIL 2021**
## **SCHOOL OF SUFI TEACHING**
## **CONTENTS**
||Page|
|---|---|
|**Reference and administrative details of the Charity, its Trustees and advisers**|1|
|**Trustees' report**|2 - 5|
|**Independent examiner's report**|6 - 7|
|**Statement of financial activities**|8|
|**Balance sheet**|9|
|**Notes to the financial statements**|10 - 18|
|The following pages do not form part of the statutory financial statements:||
|**Charity Detailed income and expenditure account and summaries**||
**SCHOOL OF SUFI TEACHING**
## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 5 APRIL 2021**
**Trustees** Garry Doherty Ken Gorman Pierre-David Bertin Cynthia Jean Klein Shazia Hussain Sarah Gray **Charity registered number** 1097818 **Principal office** 253 Globe Road London E2 0JD
Page 1
## **SCHOOL OF SUFI TEACHING**
## **TRUSTEES' REPORT FOR THE YEAR ENDED 5 APRIL 2021**
The Trustees present their annual report together with the financial statements of the School of Sufi Teaching for the 6 April 2020 to 5 April 2021.
Page 2
**SCHOOL OF SUFI TEACHING**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2021**
## **Objectives and activities**
## **a. Policies and objectives**
The charity's objects and focus of activites remain:
- To promote religious and spiritual teachings of Naqshbandi-Mujaddidi order of Sufism.
- To advance the education of the public in Islam and other relions by the provision of lectures and other information, as the trustees shall from time to time decide.
- At their discretion, the trustees may spend all or part of the capital of the charity in furthering the objectives
The school of Sufi Teaching (UK) is dedicated to the spiritual practices of Naqshbandi-Mujaddidi sufi order, whose masters can be traced directly back to the Prophet Muhammad (pbuh). The school was founded by Hazrat Azad Rasool (ra) grand shaykh of the Naqshbandi-Mujaddidi sufi order and director of the Institute of Search for Truth.
Hazrat's son and deput, Shaykh Hazrat Hamid Hasan, now leads the order and provides initiation and guidance to the people on the path of sufism. The school offers instruction in the teachings of the five sufi orders - the Naqshbandi, Mujaddidi, Christi, Qadiri and Shahili with special emphasis on the Mujaddidi practices. The aim of the school is to serve the needs of people from all backgrounds who are seeking spiritual advancement and may benefit from authentic sufi teachings.
## The Practices
According to Sufis, human beings are asleep. The vast majority of us are oblivious to the realities of life and death, existence and God. We live our lives as if in a dream or metaphor. Various systems of belief have been constructed throughout history in an attempt to give meaning to our lives. Though the systems may satisfy the intellectual and emotional needs of some seekers, other perceive that such systems are only approximations to the Truth. These individuals have a deep yearning to experience Reality as it is, to live their lives conciously in accordance with the Truth.
The technique we use consists of a traditional form of sufi meditation (muraqabah), focusing on the heart and involving a process of "transmission". (nisbah). Through this particular practice of meditation we can heighten our intuitive insight and gain an awakened heart with which we can see all things in their true perspective. This leads to an unveiling of the powerful interrelatedness between human beings and the universe.
There have been no changes to these objectives since the Trust was established.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
## **Achievements and performance**
Page 3
**SCHOOL OF SUFI TEACHING**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2021**
## **Achievements and performance (continued)**
## **a. Main achievements of the Charity**
In Spring 2020, the School opened its doors to a wider community in its beautiful new home in East London. Our new building or zawiyah is a gathering place for travellers on the sufi path. It provides a space where seekers can devote themselves to spiritual practices and find guidance in the company of the shaykh and fellow students.
The London centre of the school of Sufi Teaching reflects the diversity of its members and visitors, bringing together spaces for meditation, prayer, teaching and community engagement. The building comprises both a dedicated space for mediatation and prayers, and a community space open to a wider public. The community area includes a well equipped kitchen and bathroom facilities, as well as a spacce for seminars, workshops, exhibitions and events. This public area is envisioned as a space for engagement for practitioners in different fields ranging from art, achitecture, design to literature, poetry and complementary therapies, seeking connections between creative and spiritual endeavours and holistic approaches to professional practices. The centre creates a link between physical and spiritual realms and an opportunity to explore the relationsip between sacred space and spiritual experience.
## **Financial review**
## **a. Going concern**
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
## **b. Reserves policy**
The trustees have reviewed the reserves of the charity. Our policy is to hold enough funds to meet the operating costs of the charity.
## **Structure, governance and management**
## **a. Constitution**
School of Sufi Teaching is a registered charity, number 1097818, and is constituted under a Trust deed.
## **b. Methods of appointment or election of Trustees**
The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.
Page 4
**SCHOOL OF SUFI TEACHING**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2021**
## **Statement of Trustees' responsibilities**
The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles of the Charities SORP (FRS 102);
- make judgments and accounting estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. 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.
Approved by order of the members of the board of Trustees on 30 March 2022 and signed on their behalf by Pierre David Bertin.
Page 5
**SCHOOL OF SUFI TEACHING**
## **INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 5 APRIL 2021**
## **Independent Examiner's Report to the Trustees of School of Sufi Teaching ('the Charity')**
I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 5 April 2021.
## **Responsibilities and Basis of Report**
As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent Examiner's Statement**
Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with 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 (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.
I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.
Signed:
Dated: 30 March 2022
Page 6
**SCHOOL OF SUFI TEACHING**
## **INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2021**
Richard Rhodes
FCA
1 The Green Richmond Surrey
Page 7
**SCHOOL OF SUFI TEACHING**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2021**
|**Note**
**Income from:**
Donations and legacies
3
Investments
4
**Total income**
**Expenditure on:**
Charitable activities
5
**Total expenditure**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
Net movement in funds
**Total funds carried forward**|**Restricted**
**funds**
**2021**
**£**
**10,731**
**-**
**10,731**
**-**
**-**
**10,731**
**-**
**10,731**
**10,731**|**Unrestricted**
**funds**
**2021**
**£**
**46,209**
**-**
**46,209**
**29,790**
**29,790**
**16,419**
**1,201,089**
**16,419**
**1,217,508**|**Total**
**funds**
**2021**
**£**
**56,940**
**-**
**56,940**
**29,790**
**29,790**
**27,150**
**1,201,089**
**27,150**
**1,228,239**|_Total_
_funds_
_2020_
_£_
_84,717_
_32_|
|---|---|---|---|---|
|||||_84,749_|
|||||_24,793_|
|||||_24,793_|
|||||_59,956_|
|||||_1,141,133_
_59,956_|
|||||_1,201,089_|
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 10 to 18 form part of these financial statements.
Page 8
## **SCHOOL OF SUFI TEACHING**
## **BALANCE SHEET AS AT 5 APRIL 2021**
|**Note**
**Fixed assets**
Tangible assets
9
**Current assets**
Debtors
10
Cash at bank and in hand
Creditors: amounts falling due within one
year
11
**Net current assets**
**Total assets less current liabilities**
**Net assets excluding pension asset**
**Total net assets**
**Charity funds**
Restricted funds
13
Unrestricted funds
13
**Total funds**|**4,001**
**42,081**
**46,082**
**(14,139)**|**2021**
**£**
**1,196,296**
**1,196,296**
**31,943**
**1,228,239**
**1,228,239**
**1,228,239**
**10,731**
**1,217,508**
**1,228,239**|_8,862_
_27,974_
_36,836_
_(25,818)_|_2020_
_£_
_1,190,071_|
|---|---|---|---|---|
|||||_1,190,071_
_11,018_|
|||||_1,201,089_|
|||||_1,201,089_|
||||||
|||||_1,201,089_|
|||||_-_
_1,201,089_|
||||||
|||||_1,201,089_|
The financial statements were approved and authorised for issue by the Trustees on 30 March 2022 and signed on their behalf by Pierre David Bertin
The notes on pages 10 to 18 form part of these financial statements.
Page 9
**SCHOOL OF SUFI TEACHING**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021**
## **1. General information**
School of Sufi Teaching is registered in England and Wales with the Charity Commission. The Charity's principal address is 253 Globe Road, London E2 0JD.
## **2. Accounting policies**
## **2.1 Basis of preparation of financial statements**
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - 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 (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
School of Sufi Teaching meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
## **2.2 Income**
All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
## **2.3 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
Page 10
**SCHOOL OF SUFI TEACHING**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021**
## **2. Accounting policies (continued)**
## **2.4 Interest receivable**
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.
## **2.5 Tangible fixed assets and depreciation**
Tangible fixed assets costing £NIL or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
Freehold property - 2%
## **2.6 Debtors**
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **2.7 Cash at bank and in hand**
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## **2.8 Liabilities and provisions**
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.
Page 11
**SCHOOL OF SUFI TEACHING**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021**
## **2. Accounting policies (continued)**
## **2.9 Financial instruments**
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
## **2.10 Fund accounting**
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
## **3. Income from donations and legacies**
|Donations
Donations|**Restricted**
**funds**
**2021**
**Unrestricted**
**funds**
**2021**
**£**
**£**
10,731
46,209
_Unrestricted_
_funds_
_2020_
_£_
_84,717_|**Total**
**funds**
**2021**
**£**
**56,940**|
|---|---|---|
|||_Total_
_funds_
_2020_
_£_
_84,717_|
## **4. Investment income**
**Total funds 2021 £**
Page 12
**SCHOOL OF SUFI TEACHING**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021**
## **4. Investment income (continued)**
||_Unrestricted_|_Total_|
|---|---|---|
||_funds_|_funds_|
||_2020_|_2020_|
||_£_|_£_|
|Investment income - local cash|_32_|_32_|
## **5. Analysis of expenditure on charitable activities**
## **Summary by fund type**
|**Unrestricted**
**funds**
**2021**
**£**
Direct costs - School of Sufi Teaching
29,790
_Unrestricted_
_funds_
_2020_
_£_
Direct costs - School of Sufi Teaching
_24,793_|**Total**
**funds**
**2021**
**£**
**29,790**|
|---|---|
||_Total_
_funds_
_2020_
_£_
_24,793_|
## **6. Analysis of expenditure by activities**
||**Activities**|||
|---|---|---|---|
||**undertaken**|**Support**|**Total**|
||**directly**|**costs**|**funds**|
||**2021**|**2021**|**2021**|
||**£**|**£**|**£**|
|Direct costs - School of Sufi Teaching|14,416|15,374|**29,790**|
Page 13
## **SCHOOL OF SUFI TEACHING**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021**
## **6. Analysis of expenditure by activities (continued)**
||_Activities_|||
|---|---|---|---|
||_undertaken_|_Support_|_Total_|
||_directly_|_costs_|_funds_|
||_2020_|_2020_|_2020_|
||_£_|_£_|_£_|
|Direct costs - School of Sufi Teaching|_6,000_|_18,793_|_24,793_|
## **7. Independent examiner's remuneration**
||**2021**|_2020_|
|---|---|---|
||**£**|_£_|
|Fees payable to the Charity's independent examiner for the independent|||
|examination of the Charity's annual accounts|**1,200**|_1,200_|
## **8. Trustees' remuneration and expenses**
During the year, no Trustees received any remuneration or other benefits _(2020 - £NIL)_ . During the year ended 5 April 2021, no Trustee expenses have been incurred _(2020 - £NIL)_ .
## **9. Tangible fixed assets**
|**Cost or valuation**
At 6 April 2020
Additions
At 5 April 2021
**Depreciation**
At 6 April 2020
Charge for the year
At 5 April 2021|**Freehold**
**property**
**£**
**1,227,780**
**19,009**
**1,246,789**
**37,709**
**12,784**
**50,493**|
|---|---|
Page 14
**SCHOOL OF SUFI TEACHING**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021**
## **9. Tangible fixed assets (continued)**
|**Net book value**
At 5 April 2021
_At 5 April 2020_|**Freehold**
**property**
**£**
**1,196,296**|
|---|---|
||_1,190,071_|
## **10. Debtors**
|**Due within one year**
Other debtors
**Creditors: Amounts falling due within one year**
Other loans
Trade creditors
Accruals and deferred income
**Financial instruments**
**Financial assets**
Financial assets measured at fair value through income and expenditure|**2021**
**£**
**4,001**
**4,001**
**2021**
**£**
**12,000**
**940**
**1,199**
**14,139**
**2021**
**£**
**42,081**|_2020_
_£_
_8,862_|
|---|---|---|
||||
|||_8,862_|
|||_2020_
_£_
_13,000_
_940_
_11,878_|
||||
|||_25,818_|
|||_2020_
_£_
_27,974_|
## **11. Creditors: Amounts falling due within one year**
**12. Financial instruments**
Financial assets measured at fair value through income and expenditure comprise cash at bank and in hand.
Page 15
**SCHOOL OF SUFI TEACHING**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021**
## **13. Statement of funds**
## **Statement of funds - current year**
|**Balance at 6**
**April 2020**
**£**
**Unrestricted funds**
General Funds - all funds
**1,201,089**
**Restricted funds**
•Zawiya
**-**
•Hardship fund
**-**
•Ramadan outreach
**-**
•International retreat
**-**
**-**
**Total of funds**
**1,201,089**|**Income**
**£**
**Expenditure**
**£**
**Balance at 5**
**April 2021**
**£**
**46,209**
**(29,790)**
**1,217,508**
**3,000**
**-**
**3,000**
**2,161**
**-**
**2,161**
**70**
**-**
**70**
**5,500**
**-**
**5,500**
**10,731**
**-**
**10,731**
**56,940**
**(29,790)**
**1,228,239**|**Income**
**£**
**Expenditure**
**£**
**Balance at 5**
**April 2021**
**£**
**46,209**
**(29,790)**
**1,217,508**
**3,000**
**-**
**3,000**
**2,161**
**-**
**2,161**
**70**
**-**
**70**
**5,500**
**-**
**5,500**
**10,731**
**-**
**10,731**
**56,940**
**(29,790)**
**1,228,239**|
|---|---|---|
|||**3,000**
**2,161**
**70**
**5,500**|
|||**10,731**|
|||**1,228,239**|
Page 16
**SCHOOL OF SUFI TEACHING**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021**
## **13. Statement of funds (continued)**
## **Statement of funds - prior year**
||_Balance at_|||_Balance at_|
|---|---|---|---|---|
||_1 April 2019_|_Income_|_Expenditure_|_5 April 2020_|
||_£_|_£_|_£_|_£_|
|**Unrestricted funds**|||||
|General Funds - all funds|_1,141,133_|_84,749_|_(24,793)_|_1,201,089_|
## **14. Summary of funds**
## **Summary of funds - current year**
|**Balance at 6**
**April 2020**
**£**
General funds
**1,201,089**
Restricted funds
**-**
**1,201,089**
**Summary of funds - prior year**
_Balance at_
_1 April 2019_
_£_
General funds
_1,141,133_|**Income**
**£**
**Expenditure**
**£**
**Balance at 5**
**April 2021**
**£**
**46,209**
**(29,790)**
**1,217,508**
**10,731**
**-**
**10,731**
**56,940**
**(29,790)**
**1,228,239**
_Income_
_£_
_Expenditure_
_£_
_Balance at_
_5 April 2020_
_£_
_84,749_
_(24,793)_
_1,201,089_|**Income**
**£**
**Expenditure**
**£**
**Balance at 5**
**April 2021**
**£**
**46,209**
**(29,790)**
**1,217,508**
**10,731**
**-**
**10,731**
**56,940**
**(29,790)**
**1,228,239**
_Income_
_£_
_Expenditure_
_£_
_Balance at_
_5 April 2020_
_£_
_84,749_
_(24,793)_
_1,201,089_|
|---|---|---|
|||**1,228,239**|
|||_Balance at_
_5 April 2020_
_£_
_1,201,089_|
Page 17
**SCHOOL OF SUFI TEACHING**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021**
## **15. Analysis of net assets between funds**
## **Analysis of net assets between funds - current year**
|Tangible fixed assets
Current assets
Creditors due within one year
**Total**|**Restricted**
**funds**
**2021**
**Unrestricted**
**funds**
**2021**
**£**
**£**
-
1,196,296
10,731
35,351
-
(14,139)
10,731
1,217,508|**Total**
**funds**
**2021**
**£**
**1,196,296**
**46,082**
**(14,139)**|
|---|---|---|
|||**1,228,239**|
|**16.**
**Reconciliation of net movement in funds to net cash flow from operating activities**
**2021**
**£**
Net income for the year (as per Statement of Financial Activities)
**27,150**
**Adjustments for:**
**Net cash provided by operating activities**
**27,150**
**17.**
**Analysis of cash and cash equivalents**
**Total cash and cash equivalents**|_2020_
_£_
_59,956_|
|---|---|
|||
|||
||_59,956_|
|||
## **18. Analysis of changes in net debt**
|Cash at bank and in hand
Debt due within 1 year|**At 6 April**
**2020**
**£**
**27,974**
**(13,000)**
**14,974**|**Cash flows**
**£**
**14,107**
**1,000**
**15,107**|**At 5 April**
**2021**
**£**
**42,081**
**(12,000)**|
|---|---|---|---|
||||**30,081**|
Page 18
**SCHOOL OF SUFI TEACHING**
## **INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 5 APRIL 2021**
|**Income**
Donations
**Gains on investments**
**Gross income in the reporting period**
**Less:**
**Cost of direct charitable activity**
Cost of direct charitable activity
**Support costs**
Depreciation charge
Rates
Insurance
Light and heat
Printing and advertising
Room hire
Bank charges
Governance costs
Legal costs
IT Software and consumables
Repairs and maintenance
**Total expenditure**
**Net income before taxation for the reporting**
**period**
**Tax payable**
**Net income for the reporting period**
**Surplus for the reporting period**
**Surplus brought forward at 6 April 2020**|**2021**
**£**
**(56,940)**
**14,416**
**12,784**
**930**
**1,134**
**1,219**
**-**
**-**
**417**
**(2,400)**
**(54)**
**994**
**350**|**2021**
**£**
**56,940**
**-**
**56,940**
**14,416**
**15,374**
**29,790**
**27,150**
**-**
**27,150**
**27,150**
**1,201,088**|_2020_
_£_
_(84,749)_
_6,000_
_12,457_
_895_
_1,147_
_978_
_203_
_1,756_
_157_
_1,200_
_-_
_-_
_-_|_2020_
_£_|
|---|---|---|---|---|
|||||_84,749_|
||||||
|||||_-_|
||||||
||||||
|||||_84,749_|
||||||
|||||_6,000_|
||||||
|||||_18,793_|
||||||
||||||
|||||**24,793**|
||||||
||||||
|||||**59,956**|
||||||
|||||_-_|
||||||
||||||
|||||**59,956**|
|||||_59,956_
_1,141,132_|
Page 19
**SCHOOL OF SUFI TEACHING**
## **INCOME AND EXPENDITURE ACCOUNT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2021**
|**2021**
**£**
**Surplus carried forward at 5 April 2021**|**2021**
_2020_
**£**
_£_
**1,228,238**|_2020_
_£_|
|---|---|---|
||||
|||_1,201,088_|
The notes on pages 10 to 18 form part of these financial statements.
Page 20