REGISTEREO COMPANY NUMBER.. 06471324 (England ond Wales)
REGISTERED CFEARI7Y NUJilBER'. 1125851
REPORT OF TFIETRUSTEES AND
AUDITED FINANCIAL STAIEMENTS
FOR THE YEAR ENOED 31 DECEMBER2020
FOR
THE MARKf1￿ INslliuTE OF HIGHER
EDUCAIION
(A COMPANY LIMIIED BY GVARANTEE)

THE MARKFIEID INsfiTufE OF HIGHER
tL)UCATION
CONTENTS OFTHE FINANCIAL STATEMENTS
The Yeor Ended 31 De¢embef2020
Po9e
Rele¥ène• and AdmInl$trull￿ Delall$
Report of the Truslees
statement of Truslee¢ Re$ponslbllMes
Repdrt ol the Indèpehdent Audllors
6 to 7
stutom•nl ￿ Flnunclal AcKvlll•s
balance Sheet
¢u$h How Stotem¢nl
10
Nole$ lo Ihe Cash Howsfalement
Notes lo the Anunclal Slatèmenls
12 to 19
Deluled 5tat&menl r>f Flnan¢l41 A¢llvltlès
20 to 21

THE MARKFIELD INSTITUTE OF HIGHER
EDUCATION
REFERENCE AND ADMINISIRATIVE DETAILS
For The Ye(w Ended 31 December 2020
TRUSTEES
Mr F S Muiod
Prof K thrrvJd
Mrs M Ahmad
Drm Ahsan
Drm Ruby
Mr M T Abdvlah
REGISTERED OFFICE
Rolby Lono
Mortlle
Leicester
Leiceslershlre
LE67 9SY
REGISIERED COMPANY NUMBtR
06471324 IEngk5nd and Wtslesl
REGISTERED CHARITY NUMBER
1129351
AUDITORS
Forhjs ￿Jd11 LLP
Cliarlered AeLounlonts ond StolutcXy￿Jd1l0r
31 High View Close
HanThllon Ollice Park
Leicester
Le￿esIerS>ryre
LE4 9LJ
Poge I

THE MARKFIEID INSTITUTE OF HIGHER
EDUCAttON
REPORT OF THE TRUSTEES
FoTThe Yefjr 31 December 2020
The truslees are algo dIre¢to￿ of charfty for the purp05e5 of Ihe Cornwnies Act 21X)6, present Ihew report wlfh ttE
rinanciol statements of the choDty for the year enofed 31 llec￿er M. The hv5tees hav8 adopted Ihe provisions of
Accounting and R8pcYthng by CharilEs= Statement ol Recommended Praclice app￿cOb￿ lo chaiilies preparing ttHr
accounts in accoidance WIM the Fin(Eracicsl Repothng Standard applicable in the UK ond RepUb￿C ot Irdand (FR5 1021
leffeclive l JarnJary20191.
OBJEcllvES AND AcllvThiE5
Oblecllves (tnd alm$
The morklie￿ Instilute of Hlgh¥ Educ0￿0￿ IMIHEI wos eskJbli5hed in Seplember ￿, w*lh the objeclwe of providing
Profes￿0￿01 devdopmenl courses and volidote¢J Iu9hei educational piogramme5 in IslcFmic disapl'nes.
The InsFtule. like olher unNersities. is regulated by Office for Students in March %)19. It is accredited by Ihe Brilish Acueditotion
Council IBACI and revaewed by the Qualty Assuiance Agency for HIg￿r Education. MIHE ako hoWs o UKVI fier 4 and fier 2
SponsoF Status lo recruitst￿e￿1S from overseas as wel os stolf.
51gnlfl¢anl o¢ltvlHe$
The ID5titute olfpts undergraduate and poslgroduote piogamme5, validated by Newman UrKversity, in ISla￿￿C Sludies, Isknmic
Educah'on, Islam￿ and Flnants, Islam an(J Suslainabk Devdotxnent. and Islam abd Pastoral CarelCIT]plaincy. Its
key activitie5 inckjde leaching and leaming. research and Scho￿rIY uclivities. and comnwnity enoogement activities. These
activilEs are atmed lo equip students wilh knovdedge and academic skiWs that woukl elKJble them lo beC0rr￿ specialist&
p￿su8 professional Care￿S. as w8M beconThng responsib￿ clkn'zens. wha ccjn mke a volu(Jble social and econormic
contribution to society. During 2019-%> cjcademic year. 61sfudents grcEduoled from Ihe Institu1¢ wrylh BA. MA. PhD degrees. ond
o cerbli¢ot¢ in mU￿1m Choploincy. In oddilion. lh¢ Inslilut¢ delverd a numbw of sP￿￿t ￿ecUtiv¢ progronynes ond regearch
serri￿[S.
Pvblc benefft
The Instilute, Ihrough its goveming body. the 8oord ot ￿￿eCtOrS. aware of ils Tespon%bilili8s as o chcjrify to act for I&￿ public
bcnclil across al of its activities and has had due rcgud to the bltrsl versii)n ol Ihe Choiity Commission's public b¢n¢lir
guidanco. The Institute ¢nd¢ovours to odvance edu¢olion and knovA¢dge in lsbrfrf¢ dlsclpllntss through leamlng and
teo¢hlng, scholorshlp ond re$8ar¢h for Ihe benelit of Indlvidvuls and so¢lety. It contnbufres lo Ihe devebpment of
prnlpssionals ond srhnkjrs who h(Jve o bmadpJ. dp>ppr ond ￿￿'Cal ￿derstandi[￿ ol Iskjm in Ihe modern contetvporary
context. Such scholots would be beller equipped to piomole underslandillg and social coheslon omonqst the diverse
Ctsm￿nitlttS In soclel¥, and anawse tt)ttobglcol. 50cio1. econorruc and educational problerm laced by conterrpoiary
Societies and otfercreative 501ulions to oddre5s Ihese.
To develop competent graduates, the Insfvlute combtnes the richness and hlgh Strand￿d5 of tradE*onal cjnd conteNpoiary
Islorrue Scholarship wth modern eutlinq-edqe research rrElhods. academic riqour und criticol anatysis. We shive lo ensure
Ihal groduoles 18ave masl&ry of a disaplinÉt. crilicol thinking. coy)c@pbJal reosoning arKI anolytiral skilL%. os wèll as
advanted ￿illen and vsbal commun￿￿1￿0￿ skills, and a personal commilrrwl lo ethical arKI pialessional princples and
5tond¢Jrds.
We are comtnilled to belng an open higher education insfilution that Pfoactivety Seeks oul peop￿ capable of benefitin
from higher education, mityrrises barriers to Iheir porlicip15tion and conlribijtes to Ihe eXpa￿lon ol higher education
opwlunities. nalionaly ond lntetnatiom1￿. Ihe Institute piowded a lirrited numbet of scl-K>larships and bursaries to help tkK>se
sluder)Is wilh a h-ack record ot outstanding acaderr￿C performar*ce and a strong sense ol purpose. or to help those sludents
who ￿￿￿h1 nol be able to enler inlo higher educolion without such lintjneiol support.
STRATEGIC REPORT
Achlevement ond performunee
Engagement wth staff
Durfng 2020. t}￿ Inslitule employed seven feM¢j￿ and ten male ilofl from diverse bockgrounds. Staff a￿00￿Ment.
crntrihijtion ond devdopmènt is voluod ond seen 0$ Iwortont In Ihe dellvery of our strotegy. We a￿ commitFed to
professional values and endeavour lo creote on1nclusive CUl￿re. where all glall are able to conliitxjle lo Ihe devebpmenl ol
th& Instilute ¢Jnd ore supporléd In Ihor work. A slalfore er)gaged in regvlor cO￿Ul*0￿0￿$ rÈkilÈd lo stralègy ond operolional
tters. Ihrough o ronge of commlttees ond ¢omrwni¢olion rrtelhods, slolf wovide Input Into shopwig the prlorities OTKI
diieclion of tte Instilute. Relevanf stofl devek)pment OTXI tralning is encolffoged to ensure effecfive performance, quality of
teaching ond operotions, and Ihe moinlenonce of ocodemic odministrotive stoThJard5. Stoff devekjpmenl opportunitie5
are provided through a nurrber of iN-house stalr fraIr￿n9 sessions dwn9 the year. as well as svpport staff in taking
development and troining courses with exlernol bodies. Ac<iderrxc start are alloeated lime in Iheir workload mode& to
engage in schobrfyond research oclivilies.
Poge 2

THE MARKPI￿D INSTIIiITE OF HIGHER
EDUCATION
REPORf OF THE TRUSIEES
FoTThe Yeor Ended 31 December2020
STRATEGIC REPORT
A¢hlevemenl ond perloimun¢e
Engagement￿th students
Our slvdellls ore o valued port ol our community. and we are corrYThtted to ensL*rfng Ihul they have Ihe best leaming
expedence possib￿ Whi￿ $I￿J￿￿￿g wlh u5. Sludents ore sUPPOrted in Iheiracaderric work through o number of ￿￿thods. or
provided access to a rarye ol services including welfare service5 to ossisf trtm in Èv8rydoy issues wh1@ sluds4ng atr tkE
Ir￿lI1u1￿. T￿r teedback at Iha mdule, course ar￿ l￿111￿110n-W4d& ￿V￿$ are caplured Ihivugli a range ol rrielhoth, wtuch
lacililctte ongoing enhance￿￿n￿ ond c￿n￿¢S. The Students, Council Coordinates and represents the sludents, voice al Ihe
Acodemic Booid. Our oppeor to be soltsfied wllh Ihe educolion Ihey are receiving and with Ihe leaming
envlionment provlcled by Ihe Inslllute. We obtoined hIgh￿ positive feedback from our sludents via tlie National $I￿lents,
Survey INSSI in ?OXI. Cited below ore Ihe key results from Ihe 2020 NSS reportfor the ma￿fie￿I Insttlufre.
- 89%were sotisfied with the leochiry of ther progrorrme
- 87%were satislied with the leijming opporturwties provwjed
- 75%were sakn'slied wlh me1rass￿sments and leedbcjck obtained
- weE sotisfi'ed the acadenye suppcwl provided
- 73%wer¢ sotisl'ed wih th¢ l¢ornino rwou¥c¢s provided to svpport Ihelr sludSes
- 81%wer& satisfièd with lh& nrgani50ticJn and mc]nog&rn&.nt of lh9rc￿j[se
- 81 % of 51udents thalresponcled agieeol Ihe slatement'Dverall, l om sotistied with qwlityof the cO￿s￿,
The Instilute provided a lrrited numberof scholarships and bursaries lo fr￿1p Ihos8 students wilh o trock r8ccwd of oulslanding
academic pertormance and a strong se￿e ol purpose. or lo help Ihose sludenls who ntst be to ¢ompl$le the
sludieswilhoutsuch financial support.
Flnonclal revlew
Flnanclal poslmon
Ihis financial year organisaffon ha5 rec(xded an'in year, surpkns in unrestricted funds of £41.25712019.. £236.4401. Tr& tom In
suwus is m(xnly due to the decrease in gerEral donalions. Last year th￿& w6re som& larg8 sp&cilic donolior)s whlch were
not r8￿COt8d during this year.
R*servès poll¢y
The rhaiity had unresld¢ted r*£wes of £31,782 05 Ot 31 December ￿20. Ihe chari￿ does nol holcl ony fEe reserv￿. 7he
chorivs re5erYes pdicy gim51o accumukjte free reserves equivalent to Ihree rr¥Jnkn of run￿n9 costs overlhe next rive year5.
Ihe hustee5 have purposes for the (Jccumulotion of operoling resetves..
l. To linance the developmentol new oreyisling seT¥￿.
2. To enab￿ Ihe otgonisalion to bewound up il necessary.
STRUCTURE, GOVERNANCE AND MANAGEMtNT
Governkng documenl
Tho cliority is controllcd by Its govwning documenl, a deed ol Irusl. and ¢on$4tules a llr￿ted ¢oNpany, IIN¥ted by ouaiantee.
as deffned bylhtr Cownles Act 2￿6.
During 2019-20 ac(5d￿C year, a goVe￿anCe review ot Ihe Instilute wlh Ihe hdp of an Eixlemal cOnw￿an1 wa5 COmp￿ted.
This review re$V￿ed In moklng some chonges to our ac0derr￿C govertKEnce commitlee structure. and Ihese have been
rellected in Ihe Bye-laws and in the terrns of reference ot the Monagemenl Boord. Academ￿ Board and ocoderflc
comrri11È8 struclwes. Two new members of 8oord were reLYuited during Ihe Y￿￿.
Retr￿lmeNt and oppolnlmenl of new trustees
Thè Boord of Tnpstees 15 responslble for Ihe ￿e￿Ultrnent ol new Iruslees. In seeking new InJslee5, Ihe In51ilule identifie5
experienced irrfJivicluo15 In fhe educotion. legal, cFKJrity andlor re]igious education sector ondlor p8opls with a knted track
record of business m¢Jnagemenl or publiclcomiunity S￿￿s.
Organ15atlonal Slructurè
The Board ol Twslées Is reipon4ble for approvlng the strolegy, budget, ocod&mk plons, qLKJnty ossurtsn￿ Prevenl Dufy
plons ond annual ieporls. orKI hos OV￿1ght of ol a>pects of th& In$ll￿fe'S tscoclemlc operotiors. The 8oord opproves Ihe
opp(Nntrnent ol Ihe Acodemlc 8oord, Finonce cnd HR Commlmett, ar￿ the Monagement 8oord to r￿n(￿ge the aff￿r5 01 tt
Chorib/. The Boord meets three tir￿ o ye(]r lo consider performar￿e of the charity olld respond to emerging issves arKJ
sks. Ihe Reclor is occounloble to the Board and is respOn￿b￿ lorir¥plementing decision5 of Ihe Boord ol Tns5tees.
Inductton and Iralnlng OF newfruslees
T￿￿te&S are inlroduced to Ihdr rléw role upon apporntn￿nt. The r&sources ovalbbl& ol lh& Chorlty Corrthssion's websltÈ ore
Introclucecl $0 IPkJt Ihey ccjn lonNliorise wlh their duhes ar￿ responsibllilEaS.
Page 3

IHE MARKFIELD INSTITiITE OF HIGHER
EDUCATION
REPORT OF THI TRUSTEES
For rhe Ytr(* Ended 31 December 2020
STRUCTVRE, GOVERNANCE AND MANAGEMENT
Key monugement remunerollon
The Boaid or Trustees is reS￿￿￿￿[e f<x 5etling Ihe re￿neration pts¢kagts of Ihe Redor, Dr Zahld P%irvez. The r*wnetation
p(sckage is r@Vi8w8d an￿O1v.
sk monogement
The trvslees have a dvw lo Idenlifyand reviewlhe fisk5 to whlch the charity is w05(4d and to ansure appropriat8 control% ore
In pk]ce to prov(de reas0n(sb￿ assvronce ogain5t fraud and etru.
The Ofs iequlres the Insffilute to produce a Student Prolect Pkjn Ihol highllghts key rfsks loclng Ihe InsHbJle ond nltigalion
measure5. fftis plan is avalk]b￿ on owwebsile and high¥ghts thè loltswb)u eight risks and the measures we have PLJI in ploce
to miliga16 Ih858.
- Wlhthawal c¥ non4¢newal ol valdofion
- DesIg)0￿On ￿thdrawal, suspenlon oi not sUc￿$ful￿reD￿Ned Iwhich alows 51udenls from England to app￿lor lulllon fe8S
and maintenance loansl
- Chonge olprogiamme conlentond policies
- CIosLKe ol an individual progrumne
- Removal off￿￿ 4 Sponsor ￿CenCe Iwhlch would 0118cI in*ernotlonal studÈnl$1
- Closurelcknnge orcu￿ent Ic)cotion
- Key stall th¥ing
- Conlinvlnu operolorfj In foce of ponden￿c$ ond nolml disasters
ClosurÈ of the Irslilule
e Instilute's principle assel is amounts r6celwoble from sbJdents. The om(Jiinls t)reipntpd in the boknnc.e sheel are net of
allowances lor doubllvl recÈlvubl&s. An allowonLe for impurmelll s mode where there is an eyentwhich, based on previous
perience. ￿ evidence ol o rtrduclion I) rccovuobility of tho ￿$h Ilowg. The Institute has no ￿￿￿[can1 concentratK>n ot
¢reditriskwith exposur¢ spread over o knrge numberol carefulty sdÈcled slvdents.
STATEMENT AS TO DISCLOSURe OF INFORMATION ro AUDIIORS
So lar as the Ituslees are aware. Ihere is no le￿va￿t informalK>n las defined by S¢¢lion 418 of Iho Companiw Act 3JJ61 of
which Ihe charitable conwnV5 audilors are unoware. each Irusl6@ hos tok&n ol Ihe stèps Ihtst they￿1￿h1 to foken
as a Iruslee in order to make them c￿￿r@ ol ary audll Inlormallon ond to eslobltsh Ihal IhÈ charftoble ¢orrpanVs audilors ale
aware of Ihot lnforrrK￿IK)n.
AUDITORS
The oudltors, Forlus Avdlt LLP, ￿11 be proposed f0rre-aPPO￿1rnellfQI Ihe [￿￿Coming Annud General MeelifYJ.
Report of truslees. In¢￿[)0￿1]ll9 a slrateoie report. opwoved by order of the ba￿d of Iruslee5. os lh6 compory directors.
on 12 May2(Y21 aAd ￿gned on Ihe bocrd's beholf by.
Dr M Ahson- Trusle8
Ptsge 4

IHE MARKFIELD INSTIIUTE OF HIGHER
)UCATIO
STATEMENTOF TRUST￿$. RESPONSIBILITIES
Yor rhe Year Ended 31 Decembw2020
The fruslees (who are the directors of The M(x*fiekl Inslitute of Higher Educalion foi Ihe purposes of company lawl are
respo￿lb￿ for preparing fhe Repoit of the Trustees and the firyjncial slat8m8nts in accordance with applicable law and
United Kiiigdom Accounting Standards (United Kingdom G8nerally Accepled Accounting Practicel ir￿ludIng Yinancial
Repotliw Slandard l(r2'1he financial Reporting Standard applicable in Ihe UK orKI Republic of IrdarKI
e￿OnY law raq￿re5 Ihs Irusté@s tts pr8par@ financiol Sto1@n￿lS far each finonclJl ye(w whlch glve a frue ond fijir vlew of
the slate ol alluiis ol the ctriuril(Jb￿ Luirpany (Ind ol Ihe ineorring reswrces ￿p￿￿e0110n ol resourw, includiro the
Incomtr Lind expendSlure, ol the charitable conwany lor Ihat period. In preparing those financial statements. the truslees are
reqijired to
seleclsuitable (5CcoUnth￿ polictes afKI Ihen app￿ Ihem consistenlly.
obsÉxve Ihe rrefhods and principles in Ihe CharitySORP.'
kejudgemenls and eslinoles Ihotare reosonoble ond prudent..
slal& whelher opplicoble ijccounling slondords have bèan followed, sutiéct to any moterial deportures dlsdosed and
exr￿oIned in tt)e linoncial slalenrnls..
prepore Iho linandol statements on oolno concem t￿515 vrdes$ 11 Is Inapryopmte to presu￿ Ihut tt)e ¢￿fitab
companyv4iU cOn￿nve In business.
the Irustee5 are responsib￿ for keeping prope¥ acCO￿nting ¥ecords which d￿cloSe wilh re(json(jb￿ accuracy at any11￿* the
financial position ol me choriloble Co￿nY ond lo enable ttiem to ensure that Ihe linonaal Stale￿￿nIS compw with Ih$
Comparues Acl ￿6. They oré aL%ts responSIb￿ sar￿U￿rdIng assels ol Ihe chair10b￿ Lowtsny and hence fur l(]kirig
reosonable sfeps Ihe prevention and delection ol tr(Jud and olher ¥regulorities.
Page 5

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBER5 Of
rHE MARKFI&D IN5TITUIE OF HIGHER
EDUCATION
Optnltsn
We have oudiled the l(nonciol slotemsnts oflhe hdorkli*d InshKit¥ of Higfrer Edvcotion Ith6'charitLKble companVI for Ihe year
ended 31 December vthtch conprlse the Stolement ol Rnonc￿l Aclivities. the Bolunce Sheèt. the Ccsh Flow Statem8nl
and nole5 to Ihe lirbonclol slolemonts, Includlng o summary ol S￿nINe￿nI accounllng polcles. Thè financial r8POrting
framework that IKlS been (Jpplled In their preparatt.on is applic0￿e low and United Kingdom Accounling Standards Iuniled
Kingdom Generally Accepted Accounting Prac￿Ce), Includng FlrbancKJI Rep￿ing Standord I￿2 '1he AnotKiol Repcyling
Standard applcable in the IJK ond Republic of Irdand,.
In ouropinion the linan¢iol stol0n￿nI$-
give a ITue and folr ￿￿W of IhE Stole of charitOb￿ componvs aflolrs as ot al December 2020 ar)d of tls ineomin
re50ur¢es ond opFlwtion ol resoureÈs, including ils incom& ond wendilure, for Ihe yaar then ended..
have been propetl¥ pr¢pored in occordancts with UrMl¢d Ki￿d0M G¢n¢rolly A¢¢epl¢d Accounliw Proclice. includi
Financial Reporling Slat)dard 102'ffte Flnonciol ReporlSng Slordord oppllcoble in Ihe UK ond R¢public of Irdond.: and
have been prepared in accordance wth the requirements oflhe Companles Act2tN.
Bos1$ for oplnlon
Wé conducted wr uvrfEI in accordance wilh Inlemational Standards on Auditing IUKI IisA% (UKII and <Jppllcoble kN. Our
responslbllil&s und8r thos8 Standards ar& furlher describ￿1 in Ihe Audilors, TesponsiLryklEs for tt)e audit ol Ihe finanaol
statements se¢lion ol our reporl. We are independent of Ihe Charitab￿ company in accordance wath the etlucol
re(pirements that are relevonl to cAJr audll of Ihe Ilnoncial stotoments In tho UK. including tho FRCS EIPi¢ol Standard. we
have luifilled our olher ethical re5pon%bililies in OCCOTdance with these reoulremtrnls. We beleve that the ovdit e*V￿onCe w¢
have obtained Suffic￿tand appropriole to wovide (F basis foi our opillion.
Concluslons relatlng to golng concem
In oudilirig IhÈ financiol slalemanfs. we hove concluded Ihat Ihe kustee5' use of Ihe going concen basis of accounthng in the
pr¢palat￿n of Me finan￿￿1 slatemcnts is opproprlote.
Based on Iheworkwe have perfoitred.we hove not identified any mterial uncertoln*es rthttno to events or¢ondlth"orts thot,
individw1￿ or colthtiveiy, may cast sionificont doubt on Ihe cFKirilabEe. componvs ahility to co￿tinue tx a 001￿ con¢¥n f¢x
o period of olleost Iw¢￿e monlhs fromwhen the flnanc￿l slatemen15 are oUth￿l5ed foi15we.
rew0n￿b}lit￿S ond thè ￿SponSIbilI]eS ol the tru&le8s wilh resp8Ct lo going concem ore describ￿ in Me relevant sections
of thts report.
Other Informallon
The truslees aFe ie5pon5ible loi the olher infortwtion. olher Informolion COMp￿se9 Ihe1nlonnoNon Indud¢d in th¢ Annuol
Report. other than the financlal stalerrEals olr Report ofthe Indepelldenl Audi1015 Ihereon.
Ckn opinion on Ihe finanoal statements does not cover the ofher informtsffion and, except to Ihe extant olherwise ¢xpllu
stol8d in our r8POrt. we do rK>l express any lorm ofassurance conclusion Ihereon.
In connection wlth our oudSt ol Ihe Flnonciol statements. our respor)sibility is lo read other Infoimation and. In doing 50.
consider whp.lhw Ihe olher inlormoKon Is molerloPy Ir¢onsisF&nt wilh Ihe linonacjl stolements or our knowledge obtained in
the audlt or otherwise oppears la be nryJlerialty rrissloled. 11 we 1denllfy such m¢Jleriol inconstslencies or apparent matemal
misstatements. we tsre rtr4Lrfred to detÉrrrine whether this glves IlsÈ lo a material rr￿￿tal￿rA2nI in lh8 financial slatem8nls
the￿81v￿. If. based on Ihe work we ￿ve performed, we ¢oncknde thal Ihere is a malerial misslatemenl of lTr¥s oth
InforrrK]tlon. we ore required to report Ihal f<Jcl. We hove nolhlng lo report In thls regtsrd.
¢)plnl<Jns on olhev matters pyescrlbed by Ihe Companle5 Ac121#)6
Sri our opinlon. based on the work undertaken in the course of Ihe avditr
the inloFfflolion given in Reptsrl ol lh8 Truslees lor Ihe finaneicjl year forwlych Ihe financial stater￿ts are prep￿e￿ i<
eonsistentvdkn thts lintsndol slotomÈnls'. ond
the Repixlol the Trustee5 hos been prepored In o¢cordonce wilh opplicobb ￿01 requirements.
Matters on whteh wè ￿rereq￿red to report by exceptton
In the fight of Ihe knowbdg& ond understanding ol the chiyilable corrwny and its environment obtained in thtr course of thtr
audit, we have not I￿11￿￿4 moterfol mlsslot¢Monts In th& Report ol the Trustees.
We have nolhlng lo report in regpért ol the followlng motlers Componlas Act XKJ6 requk8s us to report to youll. in
our opinion-.
adaqu¢Jl8 accounting iecor¢Ss have rK)t ixn kept or retums odeouote for our oudlt hov¢ not been received from
bronches not vlsited by us.. or
the financlol statements are not in ogreemenlwlh Ihe accoullling WOFds and reluns., or
cerloin disck>suros ol hustoes, remuneration specified by lowore r)ol made.. OT
we hove notreceNed all Ihe inlormolon ond explonalKJrns we reqU￿e for our oudttr.
Poge 6

REPORT OF fME INDEPENDENT ALIDITORS TO THE MEMBERS OF
THE MARKFIELD INSTITUIE OF FIIGHER
EDUCAlloN
Responslbllttles oltrustees
As axplain8d mor8 fully in thè Stat8rn￿f of Irtsste&s' RÈsrx)nsibllllles, Ih& Irustees twho aro also Ihe directors of h)e chorftablth
company for ￿ purposes ol Co￿anY Icjwl are responsible for th& preporafjon ol Ihe financial slatements ond lot belng
satisfied thot Ihw givo o thve ond low view. for such Intemol control as Ihe trustees delermlne15 nece5$0ry to enab￿ the
preporoffion ol IrKnclol slolements Ihol ore Iree fvom rYuteFi05 ￿55tateMent,WTr1efhe[ due to fra%Jd oretroi.
In preporing fhe Ilnanciol 5totoments. Ihtr truslees are responsib￿ for a5ses5ing tte charitakAe companvs ablity lo continu? 0$
a going concern. disclolng. as oppficabk. matters rdaled lo going concern and using Ihe going concern bcjsis ol
occixjnting unless the trust88s ￿1her inlend to liquidatè the Charitab￿ conwany Ix lo cease operalions, or have no realisllc
aNerncJfve bul to do so.
Our Ve$pon$IbNl￿e$ forth* audlt of the Ilnon¢lfJl slul¢m¢nts
Our oblee.tivès ta obloln reasnnahlp CJSSLJranc.p ahnut whetkEr the linancial stalemen15 Q5 o whole are free trom moterial
missl¢Jlemenl. whether due to fraud 01 error. and to 155ue a Reptrl of the Independent AU(fjlors that Include% our opinion.
Reason0b￿ ossuronts Is o hiuh level of 055urance. bup ts not o guarantee t￿t on oudit corKlucled in accordance with ISAS
IUKI will afvoys delect a material misslalemenl when it exists. Misslalements Can orise trom fraud or ￿0[ and ore considwed
moller￿$ il, individually or in the aggregate. Ihey coukl reaSona￿Y be expected to influence the econonyc dec￿l0￿S ol users
taker) on Ihe basis of Ihese flnancial stalemenls.
Irregularities, Indudng troud, orÈ Instances of non-complianrE wilh knws ond TegLJkstions. We design proceduies irr line wlth
our respur￿lbE1Ith"eS, cx*llned obove, to detect maleiial ni￿l￿ternents in respecl of ItregLlarftitrs, a￿lUdIng frtsud. The exlent lo
whlch our prOced￿eS are cupoble of cleteclino ittegukTrftie5. In￿dIng troud is detailed bek>w-.
We obtained an under5t4]ncling of the lewl and ieguknfory ¥rarYEworks Ihal are OPFAICab￿ lo the company and detemlned
that the mosl &g￿ficant ft(snEworks w￿ch are directty rdevant so specific (J$s￿￿onS in the fina￿10[ State￿￿nIS ore those Mot
rdate to Ihe reporlng framework IUK GAAP ond the Companies Act %￿)61 and Ih¢ rel&vanl tox Complon￿ regukntlons In the
UK.
We understood how the corry)tsny Is COMI￿￿n9 wAh Ihose frameworks by making enquiries of managemenl and fhose
responsible foi legal and compliance piocedures. We corroboroted our enqUi￿&S through review of b0￿d rrynutes and
d￿cuSsIonS wlh th(￿e clKJrg8d wlth gov8Jnanc8.
W¢ ossess the susceptibility of ¢omponYs linonciol slal¢m¢nls lo molerfol ￿$S1O1￿Ment. Sncludino how Sraud Mluht occur,
by discusyon wlty) manogÈm&nt Irom varlous parts ol bu￿￿￿$£ tth undetstarKJ where Ihpy thpte was o
SUSLeplibility lo Iroud. We Lonsidered Ihe PlOLedure5 arid coDlrd5 Ih(s1 the corrpony ha5 estab&shed to prevent and defect
Iroud. and how Ihcs¢ arc mrilorcd by m(Jnagomont. and ako ony onhanced thsk lackn such os performtsnce taroets.
Based on our understanding, we designed Our audil procedure5 to identify any non-compliance wilh laws and ¥egubtions
idenfrfied in the porogaphs aLY)ve.
We ako perf￿rned auditwork over the risk ot monagement override ol conlrols. Irthdlng tssling ofiournol 8nMes ond olher
adluslm8nls for cJpproprtalén&ss, evalualing Ihe business rolkinole of signlllcanl Iransaclions outside Ihe normol course ol
bulness and revwing accounting es1imc]tes for blos.
A furlher ￿e$￿p￿On ol our r*¥r)onslblaffies for Ihe oudlt of Ihe flnondol staletrthls Is bcaled on Ihe Finonaal Reporting
Councifs WEb5ile at www.lrc.org.uklouditorsrespon5ibifities. This description forrn5 part of our Reporl ol Ihe IrKlependent
Audltors.
Use of our veport
This report is m¢Jde to Ihs cthritable corY¥Jany's members. as a body. in aecoidanc8 wilh Chapter 3 01 Pail 16 al th&
Comwnies Act2m6. Ourauditw<yt has been undertaken so thotwe mighl stole lo Ihe chorilablecomponvs members thos&
motters we ore requlr&d to stote to th6m In on ovdltors. reportond for no olher purpose. To the fullest trxlent pemitted by Icw,
we do not occepl 01 ossvme iesponsibibty to onyonE Other Ihon the charitotle corrpany ond the chiThfrabk cornpanvs
members cjs a body. forourauditwork. for tIN5 report. or lor the opinions we have lormed.
Rl¢hord Bu¢kby FCA1Senlor SkntutoryAudltorl
ff￿0￿￿ on beholl ol F¢Ylus Audit LLP
Chor￿e￿ Accountants and St(slut(xy Auditar
31 High View Close
Homillon Oflice Paik
L8lc2ster
Leicestershire
LE4 ?LJ
Date..
25.05.2021
Poge 7

THE MARKFIELD INSTITUTE OF HIGHER
EDUCATION
STATEm￿T OF FINANCIAI ACIIVITIE5
For The Year Ended 31 December 2020
20
Totol
funds
2019
Total
funds
Un¥eslricted
fund
RestTScted
fund
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
25.739
70.739
210.030
Olhertr(Jdino activities
5?4.846
524.846
502.(KJ8
Totrol
595,585
712038
EXPENDITURE ON
Choritable Aclivilies
311181
45.000
357.181
304.275
Chorllobyè acllvltles
Premi5e3 costs
Adrrinistralron costs
Govem(fnce cos1%
51.016
51,016
42,465
120.963
7.895
4.980
4.9
509228
554228
475,598
NEI INCOME
41,257
41,257
236,440
RECoNc￿lATION OF FUNDS
Totol lund$ brovghtforwaid
C9J751
142,205
132,7
TOIAL FUNDS CARRIED FORWARD
31,782
142,%)5
173,987
132,730
CONIINUING OPERAIIOMS
AE income and expenclilure has arisen fvom contin￿Ing aclivities.
The notes fomi part ol Ihese linoncial slalemenls
Page 8

THE MARKFIELD INSTITUTE OF HIGHER
EDUCATION (REGESTERED NUMBER.. 06471324)
BAIANCE SHEET
3T December2020
2019
Nolss
FIXED ASSErs
Tallgib￿ os5ets
998
CVRRENI ASSETS
D8blors
Cash ol b(Jnk and in hond
12
310.$34
132.838
292,613
102.51
443.372
395,123
cItEDITORS
Amounts falling duewthin one year
13
1177.2801
1148.4491
NET CURRENT ASSETS
206.092
246.&74
Y￿Al ASSETS LESS CURRENT LIABILIMES
266,177
?47.672
CREDITORS
Amounts folng due ofler more Ihon one yeor
IY2,1901
1114.9421
NEf ASSEISI(LIAhlLfTIESI
173,987
132,730
FUNDS
UtY&slgic16d lurds
Rcstricted funds
31.782
142205
19.4751
141205
TOIAL FUND5
173.987
131730
Tre financial statemen15 were approved by the Board otTrustees authorised tor issue on 12 May %Y21 artd weTe signed on
its behalf by.
Dr M Ahsan- Trud
The notes lorrn port ol these Ilnonclal slolemenls
Page 9

THE IhARKFIELD INSTITUTE OF HIGHER
EDUCAVION
CASH FLOW STATEMENT
ForThe Year Ended 31 December2￿0
2019
Noles
Cush flows trom operullng octlvllles
Cosh g¢neraled from operolions
343
102118
Nel cash provKled byoperokng octFvIII
34,328
101118
Cosh flows fvom Invesllng actMfle5
Purchose ol langible fixed c￿ets
Net cosh provided byllus&d inl investing o¢*"vities
Cash Itows fvom flhanelng a¢tlvlllè$
Loan repayNEnls in year
14,(KX)I
110.rmi
Netcash u￿d in finarKi￿ acti￿ties
14.(KKII
110.cmi
Changè In ¢osh end ea$h equlvulents In Ihe
reporllng perfod
Cash and cash equlvalen15 at the beglnnlng of
the reporting perlgd
30,328
91.976
lo2￿10
10.534
Cash and cosh equlvalenls ollhe ond of thtr
reporflng pwlod
132038
101510
The notes form part ol these financial stCStement5
Page 10

THE MARKFIELD INSTITtITE OF HIGHER
EDUCATION
NOTES TO TME CASH FLOW STATEMENY
For The Ye(ty Ended 31 December %120
RECONCIUATION OF NET INCOMETO NET CASH FLOW FROM OPERATING ACTIVITIES
2019
Net Income f￿ Ihe repothn9 peTlod las the Stotrement ol Flnonclal
Ac11￿1{e$l
Adjustments lor=
DesyÈcialion charge5
In¢r¢as¢ in debtors
Increase1(d￿rea$¢j in credilors
41.257
236,440
913
1102,6791
I33,￿61
10,079
Net co$h provlded by op*ollons
34328
102.118
ANALYSIS OF CHANGES IN NEY FLINDS
At 1.1.20
Cosh flow
At31.12.20
Net Cd5h
Cash ol bankond In hand
102.510
28
132,838
lo2￿10
20228
13?.838
Debt
Debts falling duewilhin l year
146,(XX)I
I42.￿0)
146,(KK)I
4mO
142,QCKJI
Ttstol
56.510
34,328
90,838
The notes form port of these linanciol stotements
Pagell

TKE MARKFIELD INSTITUWE OF HIGHER
EDUCATION
NOTES TO THE FINANCIAL STATEMENIS
For The ye￿ Ended 31 December 2¢)20
ACCOUNTING POLICIES
Basls of prep¢Jlng the flnanclal st<rtement$
The linondal sk]le￿nIS of th8 ehalltable company. whlch ts a publi¢ bsn8fi1 entity tjndfx FRS 102, hove been
repared in occordar)ce with Ihe CharilEs SORP IFRS 1021 'Accountlng ond R¢porting by Charilies.. Slatemenl ol
RecO[￿ne￿¢jecl Practico opplicable to charities Prepa￿n9 Iheir accounls in accordonce with th& Financial Reporling
standard applicable In Ihe UK and Republic of Irelond IFRS 1021 lelfeclNe l Juriuury 20191,. Financial Reporting
standard 102'The Financial Reporling Slandard opplicobltr in the UK and RepubSc of Ireland, the Comp<Jnies Acl
3J)6. Th¢ fin(Inc￿l slalemen15 have been prepored undér the hlsloKiccEI costconvention.
GOING CONCERN
The directors ￿va considered the irnpacl ot COVlD-19 Sn ielobon to Ihèlr ossessmenl of g￿n9 concem and in Ih*r
opinH)n have token all r8asonobl¢ steps to ryutigate Ihese foelors. Pts tst Ihe polnl of oulharlslng th8 aeeounts. rjnd for
the foreseeable lufvre, the dlreclors consider the g￿ng ciMcem a￿lI￿p￿0n lo sh"Il be oppropiiate. The directors
acknovAedoe jven the ¢uirenlb/ ropidly changing b￿ne$S and soeiol envlronment. trÉre ore kkely lo be
s￿nIfiCant unkrK)vm laclors which may present 1herme￿eS. Such fact(ws are considered bythe dlrectors to reyesent a
general InA8renl lev81 ofrisk in rdalion lo Ihe golno concem assvmption alb￿1 nolquanlif￿b1e at Ihis frmp.
In OddI￿On to Ihe obove. Ihe dwectors have CO*￿1dered Ihe omounls due lo Th& ISlam￿C Foundolion totalling £137.782
Ig)19 - £141.4831. Ihe 14anryc Fovndation is a reqisteied charifywlh tru51oés In ctsmmon with The Marklidd Institute of
Higher fdvc.olion. Thp Foundolion has pledged support foi the foress¢oble lukK8. Iherelore. the accounls
have been prepared on u wing Cor￿e￿ ba%s.
Incor¥he
I Income is recoonis8d in th& Slotement of Financial Activllks once th& Chority h05 enli￿ment to the funcls, if Is
probable tt)atlh& inco￿¢ be received and the arrK¥unt can be rrEosured relubv.
DonuNon5 and legacles
Donations are recoqThsed when Cha￿1¥ htss be￿ nofilEA in wril?Ig of bolh the ¢Jmount and setN¢menl date. In
Ihe event Ihat a donation is sublect to Condit￿n$ thol rcquire a level of pet¥ormnce by Ihe chorfty belore the charity
etill11￿ lo Ilie funds. the incorne Is deferred and not recognised until &ther those condi11011s arp fulw nel, or lh$
fulfil￿nI ol Ihose condilion5 is wholty wlhin the control ot tho cliority and it is probable Ihal Ihese wndilions ba
fullllkd in the reporting period.
l.egacy Éifls ore recogThsed on a ease by case ba*s following the granl of probate wh8n the admin15tratorlexecutor
for Ihe eslale Fias Lorrtynunicoled in writiw both Ihe omount arbd settkn*nt date. In the event thal the gilt 15 in Ihe
fom ofon othcr M(Jn c(Jsh or a linanoal assel traded on a recoonl*d slo¢k oxchonge. recog￿tiOn is 5ubjecl t
IhÈ value of Ihe gilt belro reliatty m8asurable with a degee ol reasonahle iJccuro¢y ond the fil￿ to Me ossel havino
he￿ Ironsferred lo the ctKJrity.
Expendllurè
Liahilitiès ar¢ recogrysed as experKlilwe as soon as there Is a bgol orconslrvclive obligation comrnitling thè Chorfty to
that expenditure. il is probabk Mat a transfei of e¢onor(rfc benelits will be requ￿ed in setMemenF and the omount ol
the obligolion cor) bè me[￿UrSd relwJb1y. Expenditure 15 accounttrd for on an accruak bosis and ho5 been clossilied
under heodinus Ihal oogyegale oll cas* rdated to fhe categcyy. Where Costs tonnot be <threclW allributed to
parlicular headlngs hov¢ been albcated to activities on a consi51er>l wlh the use of resotwces.
Charllablo act[￿tte$
Chorilablè experrtlilwe compNses those ￿$1$ inturrÈd by cl￿rity In th8 delivery ol its oclivilies ond seNl¢es for its
beneliciuiies. 11 Includes both Costs that con be alk>coted direcmy Its such activities ond Ih05e costs of an iTKliEct
nolure necessary lo support Iham.
Support costs
Support costs Include ce￿trOl function5 Qnd hove bw) allocoled lo adFwtycost categories on o ba￿$ con￿st￿t wl
the LSS& ol resources. lor example, tsllocaling propwly cosls by floor area5. or pei caplla. stofl ¢0gts by the tsme >pent
ond the olheycosfs by th￿[ usage.
Governance costs
These incbJd¥ fhe eosts alIrit￿lOb￿ lo the charity's complionce cons11￿￿10n0* ond stolvtory requirements,
InC]￿Ing audit. stratejc monog$menl ond Irustees's meetin9s (xnd relmbu￿ed expenses.
Pagè 12
continued...

rHE MARKFIELD INSTITUIE OF HIGHER
EDUCATION
NOTES TO THE FINANCIAI STATEMENTS- contlnved
ForThe Yeor Ended 31 DecemlJeY2020
ACCOUNTING POLICIES- contrlnved
Allocotlon and aPPOTllonment of costs
CHARITABLE ACTIVITIES
Charita￿e expendilure corrprises fhose costs incurred by the charity in the of its aclivilies ar￿ servlces for its
beriefici(Jries. 11 ineludok both costs tptat can be a1￿CatEd direclw to such ac￿vItieS and Ihose costs ol an Ind￿¢1
nalurc n¢¢essoryto supportthem.
SUPPORT COSTS
Supoort eosts incMJde centrol funcllons and hove been (JkncotÈd lo oclivlty cost colegorles on a basis consistent wilh
e use of resourtr. l(K exarnpEe. olocating properly costs by floor oreos. or ¢opila. slolf costs by Ihe 11n￿ spent
and Ihe olher costs by Ihew usage.
GOVERNANCE COSTS
These include the costs atlributable to Ihe chorffy's Com￿One￿I wilh constilulionol ond stalutory requirerr*nts.
Indvdinq audit. 5trotegic mnagemoml and tsusloe's mÉefingS (]rd re1mburs8d expenses.
TERMINATION PAYMENTS
Terminotion payrnenls incurred In Ihe perlod have been included within woges costs. Arr￿unts ￿minIng unpold ut
tho end hove been occwd as reqU￿ed.
Tanglble Ilxèd a55èts
Deprecia￿n is prowded atlhe followng anwtsl rotes in order to wrfte off eo¢h oss&l over Its esllm¢Jled uselul kt8.
fL%lurcs and litl¥ig>
Computer eqUIp￿nI
20% on cost
211% on eost
Trjxatlon
The Charityis exempl trom COrp￿010n lax on Its chorilabla ocllvilles.
Fvnd occounllng
nrestricted lunds can be used in acc(￿d￿nce Mqlh Ihe chorlloi4e obledves ollho disu01￿￿ ol In¢ Irvstees.
Reslricted tunds can be used foi parlicvlar iestricled purpos￿ wqthin the objects of the charity. Rtsslriclions arfsa
wh?tr) specified t>y Ihe donor orwhen funds ure roi*d l<K parlicuknrreshieted purposes.
FLrther expknnol￿n of th& nolure ond purpos8 ofeach fund Is included in th8 noles lo the finanaal statements.
Penslon c05tS other pO￿4e1￿eMenI benefils
The cTrvJrilable company operales a defined conlribulion pe￿￿on scheme. Contsibulions poyable to Ihe charilabEe
companvs pen%on scheme ore chorgecl to the Slotemenl of Financial Activities in Ihe period to whlch theyreble.
Debtroys
Dobtor balarices ore recognls8d when arnOUn￿ due lo the Cha￿ty remain unpoid. Debtor baltsnces are reouEoi
reviewed and where Ihere is reasonoble doubt that o debl wll be received ￿ frAI an appropriale Provi￿on is made
ogain5t ￿0* boknnce.
CREDITORS
Creditor boknnces reeogrllsed when Ihe chority a IKsbifjty. Provision5 are madtr when the ¢horfly Is e4)ected
lo incur a lubility ￿ry1h respecl lo evÈnls or condilions occurring to Ihe yeor erKI. Creditorbalances and wovtslons
are reviewed regUkY￿ to énsure that they or8 faidy sloted or have bsen cleored correclty.
BORROWINGS
Ir)terest-bearing borrowings are iniliolbrf recorded otfalr voiue, net of Iranso¢tion costs. Inlerest-bearing borrowngs <Jre
subsequenlty catried ot arwi1￿e￿ cost, wth the difference belween the pro￿ed8. nÈt tsf tronsoclion cosls. ond Ihe
omount dLE on redemption being recognised as o chorgtr to the sto1èm￿l of Flnorrial AclivS1iés over the p8rlod ol
Ihe rekvcsnl borrowlno.
InteEst experoe ig recognised on Ihe ba￿$ of the ellecthve inlwe5t rneth(￿ and ks induded in interest payobk and
simtiarchoroe5.
Page 13
continued...

THE MARKFIELD INSTITUTE OF HIGHER
EDUCAlloN
NOTES TO TFIE FINANCIALSTATEMENTS contlnued
For The Year Ended 37 December 2020
ACCOUNTING POLICIES- continued
Debtors
BorrOW￿￿a5 ore classili$d os wrsnl liabiliti&s U￿eSS the charity ha5 an unconditior￿1 righl lo cleler setHen￿￿t of the
obibtyforot th5t Iwdve monkn oflwthe r¢p(Yting dat¢.
DONATIONS AND LEGACIES
2019
Sponsorshlp ard Sch(￿￿rShlpS
Donolons
35.W4
35,735
180.1J30
70.739
210.030
orHER TRADING AcnvifiES
2019
Coutse fees
other income
Course development
Job Relention Scheme orant
495,874
295
4W.796
1.212
100.(
3.677
524.846
502.1
CHARITABIE ACTIVITIES
Olh*r Irodlng acttvltles
2019
stafl costs
Sludentreuuilmenl orKJ r¢lwrol
Hardship awards
UK bordercontrol loes
Scholatshlps
Bud debt5
331,900
304,316
15.859
536
30,960
147,7961
7.185
357,181
304.215
CHARITABLE ACTIVITtES COSTS
Support
Direct
Costs
note 61
Totals
Piemi5es costs
Administration costs
Governance costs
51.016
71.966
51,016
69.185
4.980
4,980
122,982
74.165
197.147
Page 14
continued...

THE MARKFIEID IN￿NUre OF HIGHER
EDUCATION
NOTES IOTHE FINANCIAi STATEMENTS- contlnued
For Tho Year Ended 31 Oerembw 2020
SUPPORf COSTS
Govemance
costs
Admirystrolion Costs
Gavernance costs
69.185
4.9WJ
74.165
NEf INCOME/{EXPENfAIuREI
Net incomollexpendihKel is slaled afterc￿rgIryjI1[XedIth￿gl.'
2019
Audilors, reM￿ation
DeprecFo*'on- owned assets
4,980
913
1,583
TRVSIEES. KEMUNERAllON AND BENEFirs
There were no Irustees, remuneration beneffts lor Ihe year endod 31 Oe¢$mber 2020 nor for Ihe yeor ended
31 D8cerrl)er2019.
Trusttrs, *xpen$es
There we no trwle&s' exp&nses paid for the yecr ended 31 December *)20 nor for Ihe yeor ended
31 ￿ert￿er 2019.
STAFF COSTS
2019
Wog&s and sakjries
5oLi(Jl secumfy eosls
Olher p8nsion costs
311.367
18.3
8,248
278.125
18.694
7.497
337,9
304,310
The overooe mnlhky number ol wloyees dwing Ihe yearwas as foHows'.
19
Adminislrolion
No eM￿0vee5 received em0￿rrEnts lft excess ol £￿.{￿0.
COMPARAllvES FOR YHE STAfEMEN¥ OF FINANCIAL Acrivints
Unrestricled
fund
Reslricled
fund
Total
funds
INCOME AND ENDOWMENTS FROM
Donolions and lewcEs
170.0
210M30
other trodlng ocffivlffi¢s
Total
672.(ll8
712x138
EXPENDITURE ON
Choiitobb Acllvlties
264,275
304,275
ChThltruble o¢livllles
Prenises costs
41465
42.465
Page 15
conlinued...

THE MARKFIELD INSTITIITE OF HIGHEie
EDUCATION
NOTES TO fHE RNANCIAL STATEMENTS- conllnued
FwThe ye￿ Ended 31 Decgmber 2020
io.
COMPAIIATIVES FOR IHE SFATEMENT OF FINANCIAL ACTIVITIES- contlnued
Unreslrtcled Restricted
fund
fund
Total
funds
Adr￿lIStraton ¢osls
GoV￿n0￿￿ costs
120.963
7.895
120.9éa
7.895
Yotal
435.598
40.1
475￿98
NET INCOME
236,440
236,440 .
RECONCILIAlloN OF FUNDS
rtsful funds broughtlorword
1245.9151
142,205
1103.7101
roTAI FUNDS CARRIED FOPWARD
19,4751
142.205
I￿.730
rANGIBLE AXEO ASSEIS
Fixtures
and
fillings
Computer
equipment
Totals
COST
AS l Januory 21r20 and 31 Decemb¢r2Q20
8.281
17,073
25,954
DEPRECIAIION
Al l January 21Y20
Charge rory￿[
8.281
16.675
913
24.956
913
Al 31 08CeMb￿ ￿20
8,281
17.588
25.869
NET BOOK VALUE
Al 31 Oecembw 2020
85
A131 Oecember 2019
998
998
12.
DE8TORS: AMOUNYS FALUNG DUE WIYHIN ONE YEAR
119
Trode debtors
Ott)erdÉbtors
-epa¥￿nts
254,357
45,741
10,436
?36.462
45,741
10,410
310.534
292.613
Page 16
conlinued...

THE MARKFIELD INSTITUTE OF HIGHER
EDUCATION
NOTES TO THE FINANCIAL STATEMENTS. eontlnvetj
For The Year Ended 31 December 2020
13.
CREDITORS.. AMOUNTS FALIING DVEWITHIN ONE YEAR
020
19
otherloans Isee Mte 151
Trode creditors
S()eial s8curifyand other taxes
Islomtc Foundalion
Pension uedilor
Accrued experses
42L
3,737
5,713
98.(N)4
1227
?6Ag9
7.896
5.267
78,953
I￿59
9.274
177.2
148.449
CREDITORS.. AMOUNfs FALLING DUE AFTER MOREIHAN ONE YEAR
2019
Islorr¥c Foundo#on
91190
114.942
Amounts induded above do r￿t aNra¢l inleresl and hove ￿ specllic le￿ rekjtiw to repuyment. Boloncos or¢
unsecured.
15.
LOAN5
An LTnals￿l8 oflhe Molurityol bons Is glven bek)w'.
2019
K)unts laying due wiltr*in one yecTron demand..
Olher loans
42.(KXI
46,000
16.
ANALYSIS OF NET ASSETS BEIWEEN FUNDS
20%>
Total
funds
2019
Total
funds
Unrestricted
fund
Restricted
Ivnd
xÈd assels
CuTrenta5sets
Cuwenfliabiltie5
Long lerm li¢Jbiblies
85
201,167
1177.2801
2.1901
8S
443.372
I177.2￿1
192.1901
998
395.123
1148.4491
142,205
31,782
142.
173.987
132,730
17.
MOVEMENT IN FUNDS
Net
movement
in funds
Al
31.12.20
Al 1.1.20
Uniè$Irlcl￿ funds
General fund
19.475)
41.¥7
31,782
Reshlcted lunds
Restricted
142.205
I42,￿5
TOIAI FUNDS
13?.730
41.257
173.987
Page 17
conlinued...

THE MARKFIELD INSTITIITE OF HIGHER
EDUCATION
NOTES TO THE FINANCIAL STA7EMENTS- etsnllnued
ForThe Year Ended 31 December 2020
17.
MOVEMENT IN FUNDS- conNnued
Net moyemenlin funds. included In the above are as f￿0￿..
Incoming
resources
Resources
expended
Nlovemenl
In funds
Unr6sM¢ted lunds
Gener(31 fund
15092281
41,257
Reslrlclèd Ivxds
Reslricled
145,Q(KJl
TOTAL FUNDS
S95,￿5
1554.3281
41.257
Compurullves lor movementr In fund5
F4et
movement
in funds
Al
31 12.19
Al 1.1.19
Unrèsmeled funds
Generol lund
1245,9151
236A40
.4751
Restrfcted lunds
Restricted
142,2
142.205
TOTAL FUNDS
1103.7101
236,440
13?,7J)
Comparotive net movemonl in Ivnds. 1￿bjded in Ihe oboye are 0$ lo%)ws'.
Incoming
resources
Rgsources
expended
Movement
in funds
Unresfrlcled funds
General fund
672,(138
1435.59BI
236,440
Reslrlcled funds
Roslrictad
140,0(QI
TOIAL FUNDS
712.028
1475.5981
236.440
A current year12 monfh5 and pfioryw¥ 12 monlhs corybined posilion is a5 follo￿..
Nef
movement
in lunds
Al
31.12.20
Al 1.1 19
Unrèstrfcled funds
Ger¥eral lund
1245.9151
277.697
31.782
Resfrlcted lund$
Roslricled
142,W5
142.2)5
TOTAI FUNDS
1103.7101
277,697
173.987
Page 18
continued.

THE MARKFIELD INSTIIUTE OF HIGHER
EDiICATION
NOTES TO THE FINANCIAL STATEMENTS- contlnued
FtyThe Yeor Ended 31 December2L120
17.
MOVEMENT IN FUNDS- contlnued
A cuffent yeor 12 months pric￿ year 12 m(￿1hS combined nel moverment in fund5, inckjded in the obove ore 0$
foUow5'.
Incoming
resources
Resources
expended
Movement
in ILJnds
Unwe$lrlefs<l lunds
Generol hjnd
1.722.623
1944.9261
277,697
Re$lvSctèd fund5
Restricled
85.CNJ)
I85.0￿}
TOTAL RIND5
1.307.623
11.029,9261
?77,697
The specilic syjrposes forwhich Ihe fuT)ds are to bè appled are as folows..
Ihe reshicled funds rÈpres8nl donallons and amounts given lo Ihe The Inslifute wh￿h hovtr been glvon on lh¢ basis
Ihot Ihtsy will b¢ lor specific purposes such (Js awaids. scholarships and Sponsorships and for spedllc Course
devE4opment.
18.
R&ATED PARTY DISCLOSVRES
Th¢ l1Aarkh.e￿ In5tihJte of Higher Education IMIHEI hos Trvsleas In common M4lhlh8 Islamic Foundation IIFI.
Jring Ihc ycar. MIHE paid ￿5￿x)I2019 - £27.5411 k> IF in respect ol rent and vtrio￿ olher ofll¢e ex￿n$8$ oThY
received £nil I￿]9- £9.4781 forstaff and consultancy costs.
At Ihe bQknn￿ 5heeldole MIFIE owed IF o not omount of £137.78212019- £141.4831.
At Ihe yearend MIHE owed OrPaNez£12.IKX)12019- £16,CKX)l in resp8Ct ol u k)an lo Ihe charity.
The ￿-￿edit￿ Trus1- trustees in comrrK)n
The Akmedino Trust rrKJde donations to MIHE duri￿ the year of £35,(￿{2￿1? U0,[￿). Al the bcJlone& sheet date the
(Tmounl due tollrom The A-medino Truslwas £Nil12019- £Nill.
Ih¢ Modina TTUSt- trU￿ee$ in corru￿￿
Tre Trdodlna Trust made donolK)ns to MIHE during Ihe yeor of £IO,(KX)12019 - £I0,(K￿l. At lh& balance sheet dole Ihe
amowl due fr)Itrom The mad￿10 Trust wos £Nil I￿19- £Nill.
Long Dimon Trust- trU￿etr$ In common
Loru titkon Trust made donoh.ons to MIHE dLxlng yéar of £Nil 12J19 £1￿.0￿1. At fhe balance sheet date the
amount due k)lfrom Long Ditton Trustwos £NII IX119- £￿11.
Page 19

THE MARKFIELD INSTITUTE OF HIGHER
EDUCATION
DETAILED STATEMENT OF FINANCIAL ACTIVITIFS
For Th& Year Ended 31 December 2020
2019
INCOME AND ENDOWMENTS
Donallons legacl¢$
Sponsotship ond scholiJrship5
Donations
35.CK>4
25.735
180,030
70.739
210.030
other tiadlno odMNes
Course fees
OlheTincome
Course devdopment
Job Retention Scheme grant
495,874
295
4W,796
1,212
3.677
524.846
Total In¢omlng res¥ur¢e$
595,585
712,038
EXPENDITURE
Other trodlng ttcllvlNe$
Wages and s¢Jlorics
Social securitycosts
staff pensions
Sludent recruitment and ieleTrol
Hardship awards
UK bordercontrol lees
Schok]rshlps
311.367
18,345
8.248
278,125
18.694
7,497
4(X)
15.859
536
30.960
147,7961
536
I I,(xyJ
7,185
357,181
304,?75
Chav51tsblè a¢tlvllles
Rates and waler
Insurance
Lighl (Jnd heal
Telephone
Posloge and slolionery
Adverli5ing
Rent
Repl￿r$ rmlnler)onc8
TraVd￿rng
Accomm£￿￿tiOn and subsisl8nc6
Events at)d cere￿nIeS
Inlernet and ITexpenses
Books atKI subscriptions
EquipnEiithire
Cleaning
Bonk charoes
Hlr& of prémls
L¢ool ond professional
Ccvnpufrer eqtsipment deFKeciathoM
5274
4.266
9.726
5,U23
1,037
9,214
12.(
1,*6
7,050
4.170
9.741
1,797
5.391
12,(
2,082
4.382
3.044
1.758
.127
1,292
1.764
7.422
1.291
35.77&
16.027
374
8.440
1.570
2,926
913
I￿.98?
Svppowl cost5
ThSs poge does not form port ol the slatutory financial statements
Page 20

IHE MARKFI&D INSTIIUTE OF HIGHEtt
EDUCATION
DETAILED STAfEMENI OF FINANCIAL ACTIVITIES
For Tre Yeur Ended 31 December 2020
2019
Support cosls
Governun¢e ¢tssts
jdito￿, renwnerolv)n
FINonciol operotior>s monogemenl
Consuhan
VcElidation and acCredital￿Th f
4.980
2,877
13,187
3,095
45.861
74.165
70.440
Tolol resourtss eypended
S54.328
475.598
Not Ineomè
41,257
23&A40
This page does not form port ol the 51otulory linonciol stolements
Pagè21