**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**
**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.
3
|**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…………………………………………
4
**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:
1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. 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
4. 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: .............................................
5
## **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...
Page 8
**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...
Page 9
**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
Page 14