**REGISTERED COMPANY NUMBER: 04740215 (England and Wales) REGISTERED CHARITY NUMBER: 1108141** ## Report of the Trustees and Unaudited Financial Statements for the Year Ended 29 August 2023 for Ebrahim Community College Ebrahim Community College Contents of the Financial Statements for the Year Ended 29 August 2023 ||Page| |---|---| |Reference and Administrative Details|1| |Report of the Trustees|2 to 5| |Independent Examiner's Report|6| |Statement of Financial Activities|7| |Statement of Financial Position|8 to 9| |Statement of Cash Flows|10| |Notes to the Statement of Cash Flows|11| |Notes to the Financial Statements|12 to 17| |Detailed Statement of Financial Activities|18 to 19| Ebrahim Community College Reference and Administrative Details for the Year Ended 29 August 2023 **TRUSTEES** M S Uddin (Chair) M M Uddin (Trustee) A Rahman (Trustee) **COMPANY SECRETARY** M M Uddin **REGISTERED OFFICE** 80 Greenfield Road London E1 1EJ **REGISTERED COMPANY** 04740215 (England and Wales) **NUMBER REGISTERED CHARITY** 1108141 **NUMBER** |**INDEPENDENT EXAMINER**|Quilfords Limited| |---|---| ||Chartered Certified Accountants| ||113 Romford Road| ||London| ||E15 4LY| Page 1 Ebrahim Community College Report of the Trustees for the Year Ended 29 August 2023 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 29 August 2023. 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). ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and aims** Ebrahim Community College (EC) is a charitable company and is a leading provider of Traditional Islamic Sciences and Arabic language as well as providing a wide range of valuable community services. EC aims and objectives are: - 1) To advance education, including education in the Islamic religion and such other courses for the benefit of the community as the trustees shall think fit. 2) To promote such other charitable purposes as may from time to time be determined. ## **STRATEGIC REPORT** ## **Funds in deficit** The charity received income of £447,181 (2022: £358,437) during the year. After outgoing expenses of £327,919 (2022: £265,693), the charity was left with a surplus of £119,261 (2022: £92,744) for the year. Page 2 Ebrahim Community College Report of the Trustees for the Year Ended 29 August 2023 ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** In April 2003 EC became a company limited by guarantee (number 4740215) governed by its Memorandum and Articles and registered as a charity on 17th February 2005. The overall management of finance is the responsibility of all the Directors/Trustees acting on the recommendations of the College Director and the senior management team. The Trustees and Management Committee meet regularly. ## **Public Benefit** The Trustees confirm that they have complied with their duty under the Charities Act 2011 to have due regard to the Charity Commission's general guidance on public benefit. ## **Risk management** The trustees have a risk management strategy which comprises: - An annual review of the principal risks and uncertainties that the charity undertakes; - The establishment of policies, systems and procedures to mitigate those risks identified in the annual review; and - The implementation of procedures designed to minimise or manage any potential impact on the charity should those risks materialise. The Trustees constantly review risks relevant to the charity. Any risks identified are reported to the Trustees and decisions made on how to minimise risk. This year the charity has reviewed the main risk to its viability and operations due to the Covid 19 Pandemic. The main risks considered this year are; ## **Covid 19 Pandemic** The Covid 19 Pandemic has had a big impact on the college in its ability to deliver on campus classes and host events. It has also had an impact on the rental income the college generated from sub-letting some of the premises to other tenants. There has also been an initial drop in student recruitment for the specialised full-time courses. On Campus learning has now been replaced with online classes via zoom. Seminars have been replaced with webinars. Plans are in place to introduce a blended hybrid learning provision for the full-time courses where students will have the flexibility of attending face to face classes as well participating online via zoom/video conferencing. There will be some on campus learning ## **Qard Hasana (Interest Free) Loans** These are interest free unsecured loans from donors and well wishers who want to support the work of the college. Over the years the college has been taking on new loans and repaying old loans at the same time. Lenders typically lend anything from £1000.00 up to £50,000.00. Some charities also lend money in this way to other charities. The outstanding loan book and debts of Ebrahim College are the main concern for the College as a going concern and its long-term viability. The trustees working on a long term strategy over the next ten years to repay all outstanding Qard Hasana Loans (currently around £1.28 million). The trustees have written to creditors who have requested urgent repayment of their loans. A verification process is being carried out to confirm all existing loans and to effectively manage communication and repayments with the lenders. Page 3 Ebrahim Community College ## Report of the Trustees for the Year Ended 29 August 2023 The trustees have started raising money specifically for repayment of loans and have a target of raising around £50,000.00 this year. So far more than 50% of this target has been raised and a repayment plan has been set in place for some of the urgent loan repayment requests. Over the next 3 years a total of £200,000.00 is planned to be repaid subject to the trustees raising the target funds. No new loans will be taken on for operational shortfalls or other expenditure. This will start bringing the loan balance over the next few years. ## **Going Concern** COVID 19 has had an impact on the College being able to hold face-to-face classes/tuition, in-house events and rental income from tenants. All external events including fundraising have been postponed or cancelled during the pandemic, but the college continues to pursue its core work of delivering and providing high quality education to its students whilst ensuring the safety and wellbeing of its staff and students. COVID-19 had an initial financial impact on the college due to the drop in enrolments and students dropping out from courses. The college is now recovering from this impact as recruitment is improving and students are returning to courses. ## **Estates and Property** The College had been renting three separate premises on Greenfield Road. Due to the cancellation of face to face classes and operations moving online during the pandemic the trustees made the decision to negotiate surrendering and terminating the leases for these premises. This has significantly reduced the colleges annual operational deficit. ## **Achievements and performance** EC has achieved its aims and objectives and targets set for this year. Projects which have been running are; Arabic Intensive and Alimiyah - despite the pandemic and restructuring there were over sixty students on the specialised programmes. The Dawrah programme has been postponed for this year due to the pandemic. Flexible Learning - Student numbers for flexible and part time classes are running at 70% capacity and recruitment is slowly starting to pick up to pre-covid levels. ## **Future plans** The trustees and management will focus in the coming year on increasing student numbers and introducing a hybrid delivery model. The trustees are looking to rent or lease smaller affordable premises in the E1 area in time for the launch of the new hybrid teaching model. The qard hasana loans will be manage through a new system and the trustees will work with existing donors to increase the amount of loans that will be repaid. ## **Statement of Trustees' and Directors' Responsibilities** The charity trustees (who are also the directors of Ebrahim Community College for the purposes of company law) are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and the group and of the incoming resources and application of resources, including the income and expenditure, of the charitable group for that period. In preparing the financial statements, the trustees are required to: - Select suitable accounting policies and then apply them consistently; - Observe the methods and principles in the Charities SORP; - Make judgements and estimates that are reasonable and prudent; Page 4 Ebrahim Community College Report of the Trustees for the Year Ended 29 August 2023 - State whether applicable UK accounting standards 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 proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and the group and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 30 May 2024 and signed on the board's behalf by: .......................................................... M S Uddin - Trustee Page 5 ## Independent Examiner's Report to the Trustees of Ebrahim Community College ## **Independent examiner's report to the trustees of Ebrahim Community College ('the Company')** I report to the charity trustees on my examination of the accounts of the Company for the year ended 29 August 2023. ## **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. Askir Ali Quilfords Limited Chartered Certified Accountants 113 Romford Road London E15 4LY Date: _30/05/2024_ Page 6 Ebrahim Community College ## Statement of Financial Activities for the Year Ended 29 August 2023 |29.8.23
Unrestricted Restricted
Total
fund
fund
funds
Notes
£
£
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
109,145
-
109,145
Other trading activities
3
338,035
-
338,035
**Total**
447,180
-
447,180
**EXPENDITURE ON**
Education and teaching
4
327,921
-
327,921
**NET INCOME**
119,259
-
119,259
**RECONCILIATION OF FUNDS**
Total funds brought forward
(1,301,102)
-
(1,301,102)
**TOTAL FUNDS CARRIED FORWARD**
(1,181,843)
-
(1,181,843)|
29.8.22
Total
funds
£
167,641
190,795
358,436
265,691
92,745
(1,393,847)
(1,301,102)| |---|---| The notes form part of these financial statements Page 7 Ebrahim Community College ## Statement of Financial Position ## 29 August 2023 |Notes
**CURRENT ASSETS**
Cash at bank and in hand
**CREDITORS**
Amounts falling due within one year
9
**NET CURRENT ASSETS/(LIABILITIES)**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**CREDITORS**
Amounts falling due after more than one
year
10
**NET ASSETS/(LIABILITIES)**
**FUNDS**
13
Unrestricted funds
**TOTAL FUNDS**|29.8.23
£
80,881
(93,696)
(12,815)
(12,815)
(1,169,028)
(1,181,843)
(1,181,843)
(1,181,843)|
29.8.22
£
61,913
(141,208)
(79,295)
(79,295)
(1,221,807)
(1,301,102)
(1,301,102)
(1,301,102)| |---|---|---| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 August 2023. The members have not required the company to obtain an audit of its financial statements for the year ended 29 August 2023 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 30 May 2024 and were signed on its behalf by: The notes form part of these financial statements Page 8 continued... Ebrahim Community College ## Statement of Financial Position - continued 29 August 2023 . — ee a —ht, ............................................. M S Uddin - Trustee The notes form part of these financial statements Page 9 ## Ebrahim Community College |Statement of Cash Flows
for the Year Ended 29 August 2023
Notes
**Cash flows from operating activities**
Cash generated from operations
1
Net cash provided by operating activities
**Cash flows from financing activities**
Loan repayments in year
Net cash used in financing activities
**Change in cash and cash**
**equivalents in the reporting**
**period**
**Cash and cash equivalents at the**
**beginning of the reporting period**
2
**Cash and cash equivalents at the**
**end of the reporting period**
2|29.8.23
£
71,747
71,747
(52,779)
(52,779)
18,968
41,913
60,881|29.8.22
£
81,289
81,289
(45,907)
(45,907)
35,382
6,531
41,913| |---|---|---| The notes form part of these financial statements Page 10 Ebrahim Community College ## Notes to the Statement of Cash Flows for the Year Ended 29 August 2023 ## **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:**
Decrease in creditors
**Net cash provided by operations**
**2.**
**ANALYSIS OF CASH AND CASH EQUIVALENTS**
Cash in hand
Notice deposits (less than 3 months)
Overdrafts included in bank loans and overdrafts falling due
within one year
Total cash and cash equivalents
**3.**
**ANALYSIS OF CHANGES IN NET DEBT**
At 30.8.22
£
**Net cash**
Cash at bank and in hand
61,913
Bank overdraft
(20,000)
41,913
**Debt**
Debts falling due after 1 year
(1,221,807)
(1,221,807)
**Total**
(1,179,894)||| |---|---|---| |||| |||| |||| |||| |||| The notes form part of these financial statements Page 11 Ebrahim Community College Notes to the Financial Statements for the Year Ended 29 August 2023 ## **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. ## **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. Page 12 continued... Ebrahim Community College Notes to the Financial Statements - continued for the Year Ended 29 August 2023 |**2.**
**DONATIONS AND LEGACIES**
Donations
Gift aid
Job retention scheme grant
**3.**
**OTHER TRADING ACTIVITIES**
Fees
Rental income
**4.**
**EDUCATION AND TEACHING**
**Raising donations and legacies**
Support costs
**5.**
**SUPPORT COSTS**
Management
£
Raising donations and
legacies
234,279|Administrative
Finance
expenses
£
£
5,596
84,191|29.8.23
£
98,018
-
11,127
109,145
29.8.23
£
338,035
-
338,035
29.8.23
£
327,921
Governance
costs
£
3,855|29.8.22
£
123,037
29,307
15,297
167,641
29.8.22
£
183,872
6,923
190,795
29.8.22
£
265,691
Totals
£
327,921| |---|---|---|---| ## **6. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 29 August 2023 nor for the year ended 29 August 2022. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 29 August 2023 nor for the year ended 29 August 2022. Page 13 continued... Ebrahim Community College Notes to the Financial Statements - continued for the Year Ended 29 August 2023 ## **7. STAFF COSTS** |Wages and salaries
The average monthly number of employees during the year was as
No employees received emoluments in excess of £60,000.|29.8.23
£
220,922
220,922
follows:
29.8.23|29.8.22
£
132,206
132,206
29.8.22| |---|---|---| |||| |**8.**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**|| |---|---|---|---|---| |||Unrestricted|Restricted|
Total| |||fund|fund|funds| |||£|£|£| ||**INCOME AND ENDOWMENTS FROM**|||| ||Donations and legacies|167,641|-|167,641| ||Other trading activities|190,795|-|190,795| ||**Total**|358,436|-|358,436| ||**EXPENDITURE ON**|||| ||Education and teaching|265,691|-|265,691| ||**NET INCOME**|92,745|-|92,745| ||**RECONCILIATION OF FUNDS**|||| ||Total funds brought forward|(1,393,847)|-|(1,393,847)| ||**TOTAL FUNDS CARRIED**|||| ||**FORWARD**|(1,301,102)|-|(1,301,102)| Page 14 continued... Ebrahim Community College ## Notes to the Financial Statements - continued for the Year Ended 29 August 2023 |**9.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Bank loans and overdrafts (see note 11)
Trade creditors
Social security and other taxes
Accruals and deferred income
Accrued expenses
**10.**
**CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN**
Bank loans (see note 11)
Other loans (see note 11)|
29.8.23
£
20,000
50,000
-
21,696
2,000
93,696
**ONE YEAR**
29.8.23
£
44,742
1,124,286
1,169,028|
29.8.22
£
20,000
50,000
3,390
65,818
2,000
141,208


29.8.22
£
44,742
1,177,065
1,221,807| |---|---|---| ## **11. LOANS** An analysis of the maturity of loans is given below: |Amounts falling due within one year on demand:
Bank overdrafts
Amounts falling due between two and five years:
Bank loans - 2-5 years
Other loans - 2-5 years|29.8.23
£
20,000
44,742
1,124,286
1,169,028|
29.8.22
£
20,000
44,742
1,177,065
1,221,807| |---|---|---| ## **12. ANALYSIS OF NET ASSETS BETWEEN FUNDS** |Current assets
Current liabilities
Long term liabilities|29.8.23
Unrestricted Restricted
Total
fund
fund
funds
£
£
£
80,881
-
80,881
(93,696)
-
(93,696)
(1,169,028)
-
(1,169,028)
(1,181,843)
-
(1,181,843)|
29.8.22
Total
funds
£
61,913
(141,208)
(1,221,807)
(1,301,102)| |---|---|---| Page 15 continued... Ebrahim Community College Notes to the Financial Statements - continued for the Year Ended 29 August 2023 ## **13. MOVEMENT IN FUNDS** |**MOVEMENT IN FUNDS**|||| |---|---|---|---| |||Net|| ||At|movement|
At| ||30.8.22|
in funds|
29.8.23| ||£|£|£| |**Unrestricted funds**|||| |General fund|(1,301,102)|119,259|(1,181,843)| |**TOTAL FUNDS**|(1,301,102)|119,259|(1,181,843)| |Net movement in funds, included in the above are as follows:|||| ||Incoming|
Resources|Movement| ||resources|
expended|
in funds| ||£|£|£| |**Unrestricted funds**|||| |General fund|447,180|(327,921)|119,259| |**TOTAL FUNDS**|447,180|(327,921)|119,259| |**Comparatives for movement in funds**|||| |||Net|| ||At|movement|
At| ||30.8.21|
in funds|
29.8.22| ||£|£|£| |**Unrestricted funds**|||| |General fund|(1,393,847)|92,745|(1,301,102)| |**TOTAL FUNDS**|(1,393,847)|92,745|(1,301,102)| |Comparative net movement in funds, included in the above are as||follows:|| ||Incoming|
Resources|Movement| ||resources|
expended|
in funds| ||£|£|£| |**Unrestricted funds**|||| |General fund|358,436|(265,691)|92,745| |**TOTAL FUNDS**|358,436|(265,691)|92,745| Page 16 continued... Ebrahim Community College Notes to the Financial Statements - continued for the Year Ended 29 August 2023 ## **13. MOVEMENT IN FUNDS - continued** A current year 12 months and prior year 12 months combined position is as follows: |**Unrestricted funds**
General fund
**TOTAL FUNDS**|At
30.8.21
£
(1,393,847)
(1,393,847)|Net
movement
At

in funds
29.8.23
£
£
212,004
(1,181,843)
212,004
(1,181,843)| |---|---|---| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
resources
£
805,616
805,616|Resources
expended
£
(593,612)
(593,612)|Movement
in funds
£
212,004
212,004| |---|---|---|---| ## **14. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 29 August 2023. Page 17 |Ebrahim Community College
Detailed Statement of Financial Activities
for the Year Ended 29 August 2023
**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
Gift aid
Job retention scheme grant
**Other trading activities**
Fees
Rental income
**Total incoming resources**
**EXPENDITURE**
**Support costs**
**Management**
Wages
Rates and water
Insurance
Repairs & maintenance
Telephone
Postage and stationery
Consultancy fees
**Finance**
Bank charges
**Administrative expenses**
Subscription
Light and heat
Administration costs
Event expenses
Premises costs
Travel & subsistence
Advertising
Carried forward|29.8.23
£
98,018
-
11,127
109,145
338,035
-
338,035
447,180
220,922
-
537
239
743
2,660
9,178
234,279
5,596
5,791
17,159
9,207
984
28,567
63
14,688
76,459|29.8.22
£
123,037
29,307
15,297
167,641
183,872
6,923
190,795
358,436
132,206
596
532
847
1,474
7,834
60,844
204,333
3,229
2,556
1,180
1,155
24,391
24,750
-
1,597
55,629| |---|---|---| This page does not form part of the statutory financial statements Page 18 ## Ebrahim Community College |Detailed Statement of Financial Activities
for the Year Ended 29 August 2023
**Administrative expenses**
Brought forward
Equipment Expensed
Service Charge
**Governance costs**
Accountancy and legal fees
Legal fees
Total resources expended
**Net income**|29.8.23
£
76,459
1,339
6,393
84,191
2,000
1,855
3,855
327,921
119,259|29.8.22
£
55,629
-
-
55,629
2,500
-
2,500
265,691
92,745| |---|---|---| This page does not form part of the statutory financial statements Page 19