2024-08-31-accounts - Ilm Schools

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REGISTERED COMPANY NUMBER: 05166750 (England and Wales) REGISTERED CHARITY NUMBER: 1106782

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 August 2024

for

ILM Schools Ltd

Contents of the Financial Statements FOR THE YEAR ENDED 31 AUGUST 2024

	Page
Report of the Trustees	3
Independent Examiner's Report	5
Statement of Financial Activities	6
Balance Sheet	7
Cash Flow Statement	7
Notes to the Cash Flow Statement	8
Notes to the Financial Statements	8 to 12
Detailed Statement of Financial Activities	13 to 14

ILM Schools Ltd

Report of the Trustees FOR THE YEAR ENDED 31 AUGUST 2024

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 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 in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

STRATEGIC REPORT

Charity Information

During the year, the charity underwent a rebranding process and is now officially known as ILM Schools Ltd. A new high school was successfully established at Harlech Court, Bute Terrace, Cardiff, CF10 2FE, catering to students from Year 6 to Year 8 with approximately 76 students enrolled. The primary school continued operations at its established premises on Merthyr Street, Cardiff, CF24 4JL.

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.

The current objectives of the charity are:

a) To advance the education of school-age children in Cardiff and surrounding areas, in the national curriculum subjects, through the establishment and maintenance of a nursery, primary school, secondary school, and provision for post-16 education.

b) To advance the education of school-age children in Cardiff and surrounding areas, in the subject of Islamic Studies, through the establishment and maintenance of a nursery, primary school, secondary school, and provision for post-16 education.

c) To advance the Islamic religion for the benefit of the public by providing prayer facilities for Muslim pupils and staff, by providing children with an accurate and progressive understanding of Islam, and by liaising with RE teachers in state schools to provide advice on the teaching of the Islamic faith.

d) To establish and operate a community centre or hub at the school, providing facilities, extracurricular activities, educational workshops, cultural events, and other community-focused initiatives for parents, families, and members of the wider community in Cardiff, fostering inclusivity, civic engagement, and community cohesion.

There were no significant changes to the overall governance and management structure during the year, apart from meeting legal requirements associated with the establishment of the new school site at Harlech Court.

Key achievements this year include the successful planning for relocation to a permanent school building. A group of investors facilitated the purchase of Raglan House, Malthouse Avenue, Pontprennau, Cardiff, CF23 8BA. The charity signed a lease for this site and began refurbishments to develop a high-quality educational environment. The new facility boasts a state-of-the-art science laboratory, dedicated biology lab, ICT suite, events hall, and on-site gym.

Academic Year 2023–24 Overview

The academic year 2023–24 marked a period of significant development for CMPS, with the expansion to a new site accommodating pupils in Years 6, 7, and 8. Following a highly positive Estyn report in June 2022, there was increased demand within the community for the school to grow into a high school setting.

In response, the Senior Management Team worked diligently to recruit new staff and develop a Key Stage 3 curriculum

aligned with the school’s ethos and vision. CMHS completed its first academic year at Harlech Court with notable success, as both pupils and staff adapted well to the new systems and curriculum.

Although the Headteacher's time was shared across both sites, pupils achieved sound outcomes overall. Some areas were identified as requiring greater focus, particularly in light of the increased number of pupils presenting with additional learning needs (ALN), English as an Additional Language (EAL), or pre-existing learning gaps—especially in Year 6. The expansion to two Year 6 classes brought in many new pupils, many of whom required additional support in literacy and mathematics. These challenges were reflected in a slight dip in end-of-Key Stage results for both Literacy and Maths. Nevertheless, individual pupil progress remained strong, with overall progress measures of 88% in Maths and 90% in English.

End of Key Stage	Level	Subject	2021-22	2022-23	2023-24
Key Stage 1 (End of Year2)	Level 2	English	95%	84%	90%
		Maths	80%	90%	78%
	Level 3	English	30%	32%	14%
		Maths	20%	21%	15%
Key Stage 2 (End of Year6)	Level 4	English	75%	95%	80%
		Maths	88%	100%	78%
	Level 5	English	20%	41%	21%
		Maths	10%	14%	23%

This academic year was a challenging one for the Board of Trustees, with the strategic planning of setting up a new school. We are now planning for the next phase and the gradual phased approach towards a full high school setting.

Plans for the Future

Looking forward, the charity plans to:

Strengthen community engagement and outreach initiatives.
Launch and deliver GCSE programmes as the student body progresses.
Enhance its internal leadership and management structure to support sustainable growth.
Continue to strive for excellence in both academic and Islamic education across all phases.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

05166750 (England and Wales)

Registered Charity number

1106782

Registered office

Merthyr Street Cardiff CF24 4JL

Trustees (as of August 2024)

Mr Ibrahim Ahmed Muhammad
Mr Sajid Hussain
Mrs Abada Akhtar (Secretary)
Mrs Momena Khatun Ali
Ms Mumtaz Aslam

Independent Examiner

Faraz Raza Chartered Certified Accountants

Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on ......................................... and signed on the board's behalf by:……Sajid Hussain…………………………………………

Independent Examiner's Report to the Trustees of ILM Schools Ltd

Independent examiner's report to the trustees of ILM Schools Ltd ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2024.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.

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:

accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
the accounts do not accord with those records; or
the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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; or
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

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.

Faraz Raza Chartered Certified Accountants 30/06/2025 Date: .............................................

ILM Schools Ltd Statement of Financial Activities FOR THE YEAR ENDED 31 AUGUST 2024

INCOME Notes 2024 Unrestricted fund £ Income and Donations 2 864,216 EXPENDITURE ON Charitable activities 3 CHARITABLE 842,992 Depreciation 4,219 Total 847,211 NET INCOME 17,005 RECONCILIATION OF FUNDS Total funds brought forward 358,084 TOTAL FUNDS CARRIED FORWARD 375,089	2023 Total funds £ 511,586
	406,164 4,693
	410,857
	100,729 257,355
	358,084

The notes form part of these financial statements

Page 6

ILM Schools Ltd Balance Sheet 31 AUGUST 2024

		2024	2023
		Unrestricted	Total
		fund	funds
	Notes	£	£
FIXED ASSETS
Tangible assets	8	168,817	3,510
CURRENT ASSETS
Debtors	9	55,203	55,203
Cash at bank		174,781	319,233
		229,984	374,436
CREDITORS
Amounts falling due within one year	10	(23,712)	(19,862)
NET CURRENT ASSETS		206,272	354,574
TOTAL ASSETS LESS CURRENT LIABILITIES
		375,089	358,084
NET ASSETS		375,089	358,084
FUNDS	11
Unrestricted funds		375,089	358,084
TOTAL FUNDS		375,089	358,084

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

The financial statements were approved by the Board of Trustees and authorised for issue on ...29/06/2025................ and were signed on its behalf by: ………………………………………………

The notes form part of these financial statements

Page 7

ILM Schools Ltd Cash Flow Statement FOR THE YEAR ENDED 31 AUGUST 2024

Notes Cash flows from operating activities Cash generated from operations 1 Net cash provided by operating activities Cash flows from investing activities Purchase of tangible fixed assets Net cash (used in)/provided by investing activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting period	2024 £ 25,074 25,074 (169,526) (169,526) (144,452) 319,233 174,781	2023 £ 70,081 70,081 - - 70,081 - 319,233

The notes form part of these financial statements

Page 7

ILM Schools Ltd Notes to the Cash Flow Statement FOR THE YEAR ENDED 31 AUGUST 2024

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net income for the reporting period (as per the Statement of Financial Activities) Adjustments for: Depreciation charges Increase in debtors Increase in creditors Net cash provided by operations	2024 £ 17,005 4,219 - 3,850 25,074	2023 £ 100,729 4,693 (55,203) 19,862 70,081

2. ANALYSIS OF CHANGES IN NET FUNDS

	At 1/9/23	Cash flow	At 31/8/24
	£	£	£
Net cash
Cash at bank	319,233	(144,452)	174,781
	319,233	(144,452)	174,781
Total	319,233	(144,452)	174,781

ILM Schools Ltd

Notes to the Financial Statements FOR THE YEAR ENDED 31 AUGUST 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, 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)', 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.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement 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.

2. Income

Donations School tuition fees Misc income Facilities hire Fundraising events	2024 £ 94,617 756,546 7,758 - 5,295 864,216	2023 £ 122,331 347,558 11,117 3,600 26,980 511,586

continued...

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ILM Schools Ltd

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 AUGUST 2024

3. CHARITABLE ACTIVITIES COSTS

CHARITABLE ACTIVITIES COSTS
CHARITABLE NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): 2024 £ Depreciation - owned assets 4,219	Direct Costs £ 842,992
		2023 £ 4,693

4. NET INCOME/(EXPENDITURE)

5. TRUSTEES' REMUNERATION AND BENEFITS

During the year, one trustee (Sajid Hussain) received remuneration in connection with services provided to the charity, which were not as part of their role as a trustee. The total amount paid was £44,000.

The payment was made in accordance with the charity’s governing document and/or was approved in advance by the board of trustees and in line with the charity's conflicts of interest policy. The services provided were necessary to the charity’s operations and represented value for money.

No other trustees received any remuneration or reimbursement of expenses during the year.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 August 2024 nor for the year ended 31 August 2023.

6. STAFF COSTS

Wages and salaries Social security costs Other pension costs	2024 £ 389,409 5,543 6,125 401,077	2023 £ 237,932 3,377 1,897
		243,206

The average monthly number of employees during the year was as follows:

2024 2023

No employees received emoluments in excess of £60,000.

continued...

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ILM Schools Ltd

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 AUGUST 2024

7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

8.

INCOME AND ENDOWMENTS FROM Donations and legacies EXPENDITURE ON Charitable activities CHARITABLE Other Total NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD TANGIBLE FIXED ASSETS Improvements to property £ COST At 1 September 2023 - Additions 153,367 At 31 August 2024 153,367 DEPRECIATION At 1 September 2023 - Charge for year - At 31 August 2024 - NET BOOK VALUE At 31 August 2024 153,367 At 31 August 2023 -	Plant and machinery £ 25,494 - 25,494 25,494 2,794 28,288 (2,794) -	Fixtures and fittings £ 26,943 10,459 37,402 23,433 - 23,433 13,969 3,510	Unrestricted fund £ 511,586 406,164 4,693 410,857 100,729 257,355 358,084 Motor vehicles Totals £ £ - 52,437 5,700 169,526 5,700 221,963 - 48,927 1,425 4,219 1,425 53,146 4,275 168,817 - 3,510

continued...

Page 10

ILM Schools Ltd

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 AUGUST 2024

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors Other debtors 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Social security and other taxes Other creditors 11. MOVEMENT IN FUNDS Unrestricted funds General fund TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund TOTAL FUNDS	At 1/9/23 £ 358,084 358,084 Incoming resources £ 864,216 864,216 At 1/9/22 £ 257,355 257,355	2024 2023 £ £ 46,103 46,103 9,100 9,100 55,203 55,203 2024 2023 £ £ 20,287 20,286 3,425 - - (424) 23,712 19,862 Net movement At in funds £ 31/8/24 £ 17,005 375,089 17,005 375,089 Resources expended £ Movement in funds £ (847,211) 17,005 (847,211) 17,005 Net movement At in funds £ 31/8/23 £ 100,729 358,084 100,729 358,084

continued...

Page 11

ILM Schools Ltd

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 AUGUST 2024

11. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds General fund TOTAL FUNDS	Incoming resources £ 511,586 511,586	Resources Movement expended in funds £ £ (410,857) 100,729 (410,857) 100,729

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds General fund TOTAL FUNDS	Net movement At 1/9/22 in funds £ £ 257,355 117,734 257,355 117,734	At 31/8/24 £ 375,089
		375,089

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

	Incoming	Resources	Movement
	resources	expended	in funds
	£	£	£
Unrestricted funds
General fund	1,375,802	(1,258,068)	117,734
TOTAL FUNDS	1,375,802	(1,258,068)	117,734

12. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 August 2024.

Page 12

ILM Schools Ltd

Detailed Statement of Financial Activities FOR THE YEAR ENDED 31 AUGUST 2024

INCOME Donations School tuition fees Misc income Facilities hire Fundraising events Total incoming resources EXPENDITURE Charitable activities Wages Social security Pensions Sundries Travel Rent Rates and water Light and heating Cleaning and refuse Telephone and broadband Printing and stationary Staff welfare Donations Bank charges Insurance Equipment Computer software Repairs and maintenance Training and education Accountancy Legal and professional fees Sub contractors Advertising and marketing Catering Service charges Other Plant and machinery Fixtures and fittings Motor vehicles	2024 £ 94,617 756,546 7,758 - 5,295 864,216 864,216 389,409 5,543 6,125 59,103 86 2,859 8,113 19,200 18,328 2,217 10,887 - 5,018 861 11,340 - 2,550 16,149 1,781 8,129 12,337 185,280 68,243 612 8,822 842,992 - 2,794 1,425 4,219	2023 £ 122,331 347,558 11,117 3,600 26,980
		511,586
		511,586 237,932 3,377 1,897 27,704 4,924 1,650 9,580 6,420 2,082 1,035 25,990 855 4,120 10,035 11,979 27,718 600 1,714 555 - 25,997 - - - -
		406,164 3,815 878 -
		4,693

This page does not form part of the statutory financial statements

Page 13

ILM Schools Ltd

Total resources expended Net income	Detailed Statement of Financial Activities FOR THE YEAR ENDED 31 AUGUST 2024	2024 £ 847,211 17,005	2023 £

			410,857
			100,729

This page does not form part of the statutory financial statements

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