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2023-04-05-accounts

Charity number: 1097818

SCHOOL OF SUFI TEACHING

UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2023

SCHOOL OF SUFI TEACHING

CONTENTS

Page
Reference and administrative details of the Charity, its Trustees and advisers 1
Trustees' report 2 - 6
Independent examiner's report 7 - 9
Statement of financial activities 10
Balance sheet 11
Notes to the financial statements 12 - 22

SCHOOL OF SUFI TEACHING

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 5 APRIL 2023

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 2023

The Trustees present their annual report together with the financial statements of the School of Sufi Teaching for the 6 April 2022 to 5 April 2023.

Page 2

SCHOOL OF SUFI TEACHING

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2023

Objectives and activities

a. Policies and objectives

Objectives and activities

a. Policies and objectives

The Charity's objects and focus of activities remain:

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 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)’.

Page 3

SCHOOL OF SUFI TEACHING

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2023

Achievements and performance

a. Main achievements of the Charity

The School organises regular meditation sessions in the country and continues to welcome new students interested in its teaching. The School operates across multiple locations in the UK: London, Birmingham, Woking, and Manchester. We also have a presence in Surrey.

Our London Centre 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 endeavours 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.

During the year, the Charity has continued to offer 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 2 retreats at the Zawyia itself, one in February and one in September. These retreats were opened to both UK based students as well as students from abroad. We were able to welcome over 60 students each time. The duration of these retreats is 9 days and spans over 2 weekends. This allows for many people to come over and attend even if it is only for a day or two. The feedback has been very positive from participants and the retreat team under the supervision of the Trustees is always seeking to improve the experience and the organisation whilst ensuring that we adhere to the highest standards of health and safety possible. The Birmingham group has also started to organise their own retreat. It is taking place over the summer. It has also proved to be successful. Going forward, this retreat is meant to be part of our School yearly calendar of retreats.

In terms of team, the Trustees are pleased to report that the main teams of the Charity (teaching, retreats, communication, publishing, etc.) have been growing in volunteers and that the management teams are well organised and in full functioning mode post pandemic.

Looking forward, besides ensuring that are our existing services are delivered with high quality to the Public, these are some of the areas of focus for the Trustees and the executive teams in the following quarters: completion of the Zawiya, setting up and promotion of a series of high-quality differentiating events at the Zawiya, review of the School funding strategy, renting out of the Zawiya to organisations in line with our objectives, improving our fundraising strategy, etc.

Page 4

SCHOOL OF SUFI TEACHING

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2023

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.

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:

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.

Page 5

SCHOOL OF SUFI TEACHING

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2023

Approved by order of the members of the board of Trustees on 2 February 2024 and signed on their behalf by Pierre David Bertin.

Page 6

SCHOOL OF SUFI TEACHING

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 5 APRIL 2023

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 2023.

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 7

SCHOOL OF SUFI TEACHING

INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2023

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.

Page 8

SCHOOL OF SUFI TEACHING

INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2023

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: Richard Rhodes FCA

Dated: 2 February 2024

1 The Green Richmond Surrey

Page 9

SCHOOL OF SUFI TEACHING

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2023

Note
Income from:
Donations and legacies
3
Other trading activities
4
Other income
5
Total income
Expenditure on:
Charitable activities
6
Total expenditure
Net income
Transfers between funds
14
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Restricted
funds
2023
£
655
-
-
655
-
-
655
(16,663)
(16,008)
18,816
(16,008)
2,808		 Unrestricted
funds
2023
£
51,891
7,203
14,019
73,113
51,224
51,224
21,889
16,663
38,552
1,222,854
38,552
1,261,406		 Total
funds
2023
£
52,546
7,203
14,019
73,768
51,224
51,224
22,544
-
22,544
1,241,670
22,544
1,264,214		 Total
funds
2022
£
35,497
-
4,055
39,552
26,121
26,121
13,431
-
13,431
1,228,239
13,431
1,241,670

The Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 12 to 22 form part of these financial statements.

Page 10

SCHOOL OF SUFI TEACHING

BALANCE SHEET AS AT 5 APRIL 2023

Note
Fixed assets
Tangible assets
10
Current assets
Debtors
11
Cash at bank and in hand
Creditors: amounts falling due within one
year
12
Net current assets
Total assets less current liabilities
Net assets excluding pension asset
Total net assets
Charity funds
Restricted funds
14
Unrestricted funds
14
Total funds		 9,001
79,960
88,961
(8,397)		 2023
£
1,183,650
1,183,650
80,564
1,264,214
1,264,214
1,264,214
2,808
1,261,406
1,264,214		 9,000
53,869
62,869
(13,400)		 2022
£
1,192,201
1,192,201
49,469
1,241,670
1,241,670
1,241,670
18,816
1,222,854
1,241,670

The financial statements were approved and authorised for issue by the Trustees on 02 February 2024 and signed on their behalf by Pierre David Bertin

The notes on pages 12 to 22 form part of these financial statements.

Page 11

SCHOOL OF SUFI TEACHING

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023

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.

Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.

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 12

SCHOOL OF SUFI TEACHING

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023

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 13

SCHOOL OF SUFI TEACHING

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023

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
2023
Unrestricted
funds
2023
£
£
655
51,891
Restricted
funds
2022
Unrestricted
funds
2022
£
£
14,885
20,612		 Total
funds
2023
£
52,546
Total
funds
2022
£
35,497

4. Income from other trading activities

Income from non charitable trading activities

Unrestricted Total Total
funds funds funds
2023 2023 2022
£ £ £
Publishing revenue 7,203 7,203 -

Page 14

SCHOOL OF SUFI TEACHING

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023

5. Other incoming resources

Insurance payment and interest received
Other incoming resources		 Unrestricted
funds
2023
£
14,019
Unrestricted
funds
2022
£
4,055		 Total
funds
2023
£
14,019
Total
funds
2022
£
4,055

6. Analysis of expenditure on charitable activities Summary by fund type

Unrestricted
funds
2023
£
Direct costs - School of Sufi Teaching
51,224
Restricted
funds
2022
Unrestricted
funds
2022
£
£
Direct costs - School of Sufi Teaching
8,509
17,612		 Total
2023
£
51,224
Total
2022
£
26,121

Page 15

SCHOOL OF SUFI TEACHING

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023

7. Analysis of expenditure by activities

Activities
undertaken
directly
2023
£
Direct costs - School of Sufi Teaching
21,686
Activities
undertaken
directly
2022
£
Direct costs - School of Sufi Teaching
8,659
Independent examiner's remuneration
Fees payable to the Charity's independent examiner for the independent
examination of the Charity's annual accounts		 Support
costs
2023
£
29,539
Support
costs
2022
£
17,462
2023
£
1,200		 Total
funds
2023
£
51,225
Total
funds
2022
£
26,121
2022
£
1,200

8. Independent examiner's remuneration

9. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2022 - £NIL) .

During the year ended 5 April 2023, no Trustee expenses have been incurred (2022 - £NIL) .

Page 16

SCHOOL OF SUFI TEACHING

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023

10.
Tangible fixed assets
Cost or valuation
At 6 April 2022
Additions
At 5 April 2023
Depreciation
At 6 April 2022
Charge for the year
At 5 April 2023
Net book value
At 5 April 2023
At 5 April 2022
11.
Debtors
Due within one year
Other debtors
Prepayments and accrued income
12.
Creditors: Amounts falling due within one year
Other loans
Accruals and deferred income		 2023
£
8,001
1,000
9,001
2023
£
6,000
2,397
8,397		 Freehold
property
£
1,255,655
4,500
1,260,155
63,454
13,051
76,505
1,183,650
1,192,201
2022
£
8,000
1,000
9,000
2022
£
11,000
2,400
13,400

Page 17

SCHOOL OF SUFI TEACHING

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023

12. Creditors: Amounts falling due within one year (continued)

2023 2022
£ £
13. Financial instruments
2023 2022
£ £
Financial assets
Financial assets measured at fair value through income and expenditure 79,960 53,869

Financial assets measured at fair value through income and expenditure comprise cash at bank and in hand.

Page 18

SCHOOL OF SUFI TEACHING

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023

14. Statement of funds

Statement of funds - current year

Unrestricted funds
General Funds - all funds
Unallocated amounts
Restricted funds
Zawiya
Hardship fund
International retreat
Zakat
Total of funds		 Balance at 6
April 2022
£
1,222,854
-
1,222,854
3,000
2,153
13,663
-
18,816
1,241,670		 Income
£
73,112
1
73,113
-
575
-
80
655
73,768		 Expenditure
£
(51,224)
-
(51,224)
-
-
-
-
-
(51,224)		 Transfers
in/out
£
16,663
-
16,663
(3,000)
-
(13,663)
-
(16,663)
-		 Balance at 5
April 2023
£
1,261,405
1
1,261,406
-
2,728
-
80
2,808
1,264,214

Page 19

SCHOOL OF SUFI TEACHING

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023

14. Statement of funds (continued)

Statement of funds - prior year

Unrestricted funds
General Funds - all funds
Restricted funds
Zawiya
Hardship fund
Ramadan outreach
International retreat
Global outreach
Total of funds		 Balance at
1 April 2021
£
1,217,507
3,000
2,161
70
5,500
-
10,731
1,228,238		 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
£
1,222,854
3,000
2,153
-
13,663
-
18,816
1,241,670

15. Summary of funds

Summary of funds - current year

General funds
Restricted funds		 Balance at 6
April 2022
£
1,222,854
18,816
1,241,670		 Income
£
73,113
655
73,768		 Expenditure
£
(51,224)
-
(51,224)		 Transfers
in/out
£
16,663
(16,663)
-		 Balance at 5
April 2023
£
1,261,406
2,808
1,264,214

Page 20

SCHOOL OF SUFI TEACHING

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023

15. Summary of funds (continued)

Summary of funds - prior year

General funds
Restricted funds		 Balance at
1 April 2021
£
1,217,507
10,731
1,228,238		 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
£
1,222,854
18,816
1,241,670

16. 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
2023
Unrestricted
funds
2023
£
£
-
1,183,650
2,808
86,153
-
(8,397)
2,808
1,261,406		 Total
funds
2023
£
1,183,650
88,961
(8,397)
1,264,214

17. 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		 2023
£
22,544
22,544		 2022
£
13,431
13,431

18. Analysis of cash and cash equivalents

Total cash and cash equivalents

Page 21

SCHOOL OF SUFI TEACHING

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023

19. Analysis of changes in net debt

Cash at bank and in hand
Debt due within 1 year		 At 6 April
2022
£
53,869
(11,000)
42,869		 Cash flows
£
26,091
5,000
31,091		 At 5 April
2023
£
79,960
(6,000)
73,960

Page 22

SCHOOL OF SUFI TEACHING

INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 5 APRIL 2023

Income
Insurance payment
Interest received
Publishing revenue
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
Room hire
Bank charges
General costs
IT Software and consumables
Repairs and maintenance
Exchange losses
Charitable donations
Accountancy
Legal costs
Advertising and marketing
Total expenditure
Net income before taxation for the reporting
period		 2023
£
13,950
69
7,203
52,546
21,686
13,051
3,112
3,026
1,858
-
1,236
679
20
1,145
790
40
278
1,200
2,899
204		 2023
£
73,768
-
73,768
21,686
29,538
51,224
22,544		 2022
£
-
55
-
39,498
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

Page 23

SCHOOL OF SUFI TEACHING

INCOME AND EXPENDITURE ACCOUNT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2023

Tax payable
Net income for the reporting period
Surplus for the reporting period
Surplus brought forward at 6 April 2022
Surplus carried forward at 5 April 2023		 2023
£		 2023
£
-
22,544
22,544
1,241,671
1,264,215		 2022
£		 2022
£
-
13,432
13,432
1,228,239
1,241,671

The notes on pages 12 to 22 form part of these financial statements.

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