Charity number: 1097818
SCHOOL OF SUFI TEACHING
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2022
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 - 8 |
| Statement of financial activities | 9 |
| Balance sheet | 10 |
| Notes to the financial statements | 11 - 20 |
| 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 2022
| Trustees | Garry Doherty |
|---|---|
| Ken Gorman | |
| Pierre-David Bertin | |
| Cynthia Jean Klein | |
| Shazia Hussain | |
| Nevine Nasser (appointed 1 November 2021) | |
| 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 2022
The Trustees present their annual report together with the financial statements of the School of Sufi Teaching for the 6 April 2021 to 5 April 2022.
Page 2
SCHOOL OF SUFI TEACHING
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2022
Objectives and activities
a. Policies and objectives
Objectives and activities
a. Policies and objectives
The Charity's objects and focus of activities remain:
-
To promote religious and spiritual teachings of Naqshbandi-Mujaddedi Order of Sufism.
-
To advance the education of the public in Islam and other religions 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-Mujaddedi Sufi Order, whose masters can be traced directly back to the Prophet Muhammad (peace be upon him). The school was founded by Hazrat Azad Rasool (r.a.) grand Shaykh of the Naqshbandi-Mujaddedi Sufi Order and director of the Institute of Search for Truth.
Hazrat's son and deputy, 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, Mujaddedi, Chisti, Qadiri and Shadhili with special emphasis on the Naqshbandi-Mujaddedi 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.
b. 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 consciously in accordance with the truth.
The technique we use consists of a special form of Meditation (muraqaba), focusing on the heart and involving a process called "Transmission" (nisbat). 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 2022
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 Zawiya 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 meditation 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 space for seminars, workshops, exhibitions and events. This public area is envisioned as a space for engagement for practitioners in different fields ranging from art, architecture, design to literature, poetry and complementary therapies, seeking connections between creative and spiritual endeavors and holistic approaches to professional practices. The Centre creates a link between physical and spiritual realms and an opportunity to explore the relationship between
sacred space and spiritual experience.
In 2021 and 2022, the Charity was able to establish a regular set of meetings and activities at the Zawiya centred on the practises of the Order. Various meetings are now in place to cater and accompany all seekers of Truth from beginners to more advanced students. We were also able to organise successfully a series of retreats at the Zawyia itself. These retreats were opened to both UK based students as well as students from abroad. The Charity participated to a couple of open-day’s events during which we organised guided tours of the Zawiya. Visitors were able to get an introduction to the main principles of the Order, as well as the story of the building, its architecture, symbols and its purposes both at the practical and spiritual levels. These open days proved very successful and have been catalysts in gradually making the Zawiya an integral part of the local community/landscape.
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.
Page 4
SCHOOL OF SUFI TEACHING
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2022
Structure, governance and management (continued)
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.
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;
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observe the methods and principles of the Charities SORP (FRS 102);
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make judgments and accounting estimates that are reasonable and prudent;
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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 2 February 2023 and signed on their behalf by Pierre David Bertin.
Pierre David Bertin
Page 5
SCHOOL OF SUFI TEACHING
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 5 APRIL 2022
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 2022.
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.
Page 6
SCHOOL OF SUFI TEACHING
INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2022
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:
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accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
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the accounts do not accord with those records; or
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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.
Page 7
SCHOOL OF SUFI TEACHING
INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2022
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: 2 February 2023 Richard Rhodes FCA
1 The Green Richmond Surrey
Page 8
SCHOOL OF SUFI TEACHING
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2022
| Note Income from: Donations and legacies 3 Total income Expenditure on: Charitable activities 4 Total expenditure Net income Transfers between funds 12 Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Restricted funds 2022 £ 14,885 14,885 8,509 8,509 6,376 1,709 8,085 10,731 8,085 18,816 |
Unrestricted funds 2022 £ 24,668 24,668 17,612 17,612 7,056 (1,709) 5,347 1,217,508 5,347 1,222,855 |
Total funds 2022 £ 39,553 39,553 26,121 26,121 13,432 - 13,432 1,228,239 13,432 1,241,671 |
Total funds 2021 £ 56,940 |
|---|---|---|---|---|
| 56,940 | ||||
| 29,790 | ||||
| 29,790 | ||||
| 27,150 - |
||||
| 27,150 | ||||
| 1,201,089 27,150 |
||||
| 1,228,239 |
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 11 to 20 form part of these financial statements.
Page 9
SCHOOL OF SUFI TEACHING
BALANCE SHEET AS AT 5 APRIL 2022
| Note Fixed assets Tangible assets 8 Current assets Debtors 9 Cash at bank and in hand Creditors: amounts falling due within one year 10 Net current assets Total assets less current liabilities Net assets excluding pension asset Total net assets Charity funds Restricted funds 12 Unrestricted funds 12 Total funds |
9,000 53,869 62,869 (13,399) |
2022 £ 1,192,201 1,192,201 49,470 1,241,671 1,241,671 1,241,671 18,816 1,222,855 1,241,671 |
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 |
The financial statements were approved and authorised for issue by the Trustees on 02 February 2023 and signed on their behalf by Pierre David Bertin
Pierre-David Bertin
The notes on pages 11 to 20 form part of these financial statements.
Page 10
SCHOOL OF SUFI TEACHING
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022
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.
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 11
SCHOOL OF SUFI TEACHING
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022
2. Accounting policies (continued)
2.4 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%
2.5 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.
2.6 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.
2.7 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.
2.8 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.
Page 12
SCHOOL OF SUFI TEACHING
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022
2. Accounting policies (continued)
2.9 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.
3. Income from donations and legacies
| Donations Donations |
Restricted funds 2022 Unrestricted funds 2022 £ £ 14,885 24,668 Restricted funds 2021 Unrestricted funds 2021 £ £ 10,731 46,209 |
Total funds 2022 £ 39,553 |
|---|---|---|
| Total funds 2021 £ 56,940 |
4. Analysis of expenditure on charitable activities
Summary by fund type
| Restricted | Unrestricted | ||
|---|---|---|---|
| funds | funds | Total | |
| 2022 | 2022 | 2022 | |
| £ | £ | £ | |
| Direct costs - School of Sufi Teaching | 8,509 | 17,612 | 26,121 |
Page 13
SCHOOL OF SUFI TEACHING
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022
4. Analysis of expenditure on charitable activities (continued)
Summary by fund type (continued)
| Unrestricted | ||
|---|---|---|
| funds | Total | |
| 2021 | 2021 | |
| £ | £ | |
| Direct costs - School of Sufi Teaching | 29,790 | 29,790 |
5. Analysis of expenditure by activities
| Activities undertaken directly 2022 £ Direct costs - School of Sufi Teaching 8,659 Activities undertaken directly 2021 £ Direct costs - School of Sufi Teaching 14,416 Independent examiner's remuneration Fees payable to the Charity's independent examiner for the independent examination of the Charity's annual accounts |
Support costs 2022 £ 17,462 Support costs 2021 £ 15,374 2022 £ 1,200 |
Total funds 2022 £ 26,121 Total funds 2021 £ 29,790 2021 £ 1,200 |
|---|---|---|
6. Independent examiner's remuneration
7. Trustees' remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2021 - £NIL) .
Page 14
SCHOOL OF SUFI TEACHING
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022
7. Trustees' remuneration and expenses (continued)
During the year ended 5 April 2022, no Trustee expenses have been incurred (2021 - £NIL) .
| 8. Tangible fixed assets Cost or valuation At 6 April 2021 Additions At 5 April 2022 Depreciation At 6 April 2021 Charge for the year At 5 April 2022 Net book value At 5 April 2022 At 5 April 2021 9. Debtors Due within one year Other debtors Prepayments and accrued income 10. Creditors: Amounts falling due within one year |
2022 £ 8,000 1,000 9,000 2022 £ |
Freehold property £ 1,246,789 8,866 1,255,655 50,493 12,961 63,454 1,192,201 1,196,296 2021 £ 4,001 - 4,001 2021 £ |
|---|---|---|
Page 15
SCHOOL OF SUFI TEACHING
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022
10. Creditors: Amounts falling due within one year (continued)
| Other loans Trade creditors Accruals and deferred income |
2022 £ 11,000 - 2,399 13,399 |
2021 £ 12,000 940 1,199 |
|---|---|---|
| 14,139 |
11. Financial instruments
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Financial assets | ||
| Financial assets measured at fair value through income and expenditure | 53,869 | 42,081 |
Financial assets measured at fair value through income and expenditure comprise cash at bank and in hand.
Page 16
SCHOOL OF SUFI TEACHING
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022
12. Statement of funds
Statement of funds - current year
| Unrestricted funds General Funds - all funds Restricted funds •Zawiya •Hardship fund •Ramadan outreach •International retreat •Global outreach Total of funds |
Balance at 6 April 2021 £ 1,217,508 3,000 2,161 70 5,500 - 10,731 1,228,239 |
Income £ 24,668 - 216 - 14,163 506 14,885 39,553 |
Expenditure £ (17,612) - (224) (285) (6,000) (2,000) (8,509) (26,121) |
Transfers in/out £ (1,709) - - 215 - 1,494 1,709 - |
Balance at 5 April 2022 £ 1,222,855 |
|---|---|---|---|---|---|
| 3,000 2,153 - 13,663 - |
|||||
| 18,816 | |||||
| 1,241,671 |
Page 17
SCHOOL OF SUFI TEACHING
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022
12. Statement of funds (continued)
Statement of funds - prior year
| Unrestricted funds General Funds - all funds Restricted funds •Zawiya •Hardship fund •Ramadan outreach •International retreat Total of funds |
Balance at 1 April 2020 £ 1,201,089 - - - - - 1,201,089 |
Income £ 46,209 3,000 2,161 70 5,500 10,731 56,940 |
Expenditure £ (29,790) - - - - - (29,790) |
Balance at 5 April 2021 £ 1,217,508 |
|---|---|---|---|---|
| 3,000 2,161 70 5,500 |
||||
| 10,731 | ||||
| 1,228,239 |
13. Summary of funds
Summary of funds - current year
| General funds Restricted funds |
Balance at 6 April 2021 £ 1,217,508 10,731 1,228,239 |
Income £ 24,668 14,885 39,553 |
Expenditure £ (17,612) (8,509) (26,121) |
Transfers in/out £ (1,709) 1,709 - |
Balance at 5 April 2022 £ 1,222,855 18,816 |
|---|---|---|---|---|---|
| 1,241,671 |
Page 18
SCHOOL OF SUFI TEACHING
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022
13. Summary of funds (continued)
Summary of funds - prior year
| General funds Restricted funds |
Balance at 1 April 2020 £ 1,201,089 - 1,201,089 |
Income £ 46,209 10,731 56,940 |
Expenditure £ (29,790) - (29,790) |
Balance at 5 April 2021 £ 1,217,508 10,731 |
|---|---|---|---|---|
| 1,228,239 |
14. 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 2022 Unrestricted funds 2022 £ £ - 1,192,201 18,815 44,053 - (13,399) 18,815 1,222,855 |
Total funds 2022 £ 1,192,201 62,868 (13,399) |
|---|---|---|
| 1,241,670 |
15. Reconciliation of net movement in funds to net cash flow from operating activities
| Net income for the year (as per Statement of Financial Activities) Adjustments for: Net cash provided by operating activities |
2022 £ 13,432 13,432 |
2021 £ 27,150 |
|---|---|---|
| 27,150 |
16. Analysis of cash and cash equivalents
Total cash and cash equivalents
Page 19
SCHOOL OF SUFI TEACHING
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022
17. Analysis of changes in net debt
| Cash at bank and in hand Debt due within 1 year |
At 6 April 2021 £ 42,081 (12,000) 30,081 |
Cash flows £ 11,788 1,000 12,788 |
At 5 April 2022 £ 53,869 (11,000) 42,869 |
|---|---|---|---|
Page 20
SCHOOL OF SUFI TEACHING
INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 5 APRIL 2022
| 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, postage and stationery 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 2021 |
2022 £ (39,553) 8,659 12,961 1,098 - 1,457 325 774 260 - 179 408 |
2022 £ 39,553 - 39,553 8,659 17,462 26,121 13,432 - 13,432 13,432 1,228,238 |
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 |
Page 21
SCHOOL OF SUFI TEACHING
INCOME AND EXPENDITURE ACCOUNT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2022
| 2022 £ Surplus carried forward at 5 April 2022 |
2022 2021 £ £ 1,241,670 |
2021 £ |
|---|---|---|
| 1,228,238 |
The notes on pages 11 to 20 form part of these financial statements.
Page 22