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2021-12-31-accounts

Page
Reference and Administrative
Details
Report ofthe Trustees 2 to 5
Statement ofTrustees'
Responsibilities
Report ofthe Independent
Auditors		 7 to 9
Statement of Financial
ActiviTies		 10
Balance Sheet
Cash Flow Statement 12
Notes tothe Cash Flow Statement 13
Notes tothe Financial Statements 14 to 23
Detailed Statement of Financial
Activities		 24 to 25

TRUSTEES Mr F SMurad
Prof KAhmad
Mr S M Ahmad
Dr M Ahsan
Dr M Ruby
Mr M TAbdullah
REGISTERED OFFICE Ratby Lane
Markfield
Leicester
Leicestershire
LF67 9SY
REGISTERED COMPANY NUMBER 06471324 (England and Wales]
REGISTERED CHARITY NUMBER 1125851
AUDITORS Fortus Audit
LLP
Chartered
Accountants		 8 Statutory Auditor
31 High View Close
Hamilton
Office Park
Leicester
Leicestershire
LE4 9LJ

2021 2020
Unrestricted RestHcted Total Total
fund fund funds funds
Notes E E
INCOME AND ENDOWMENTS FROM
Donations
and legacies		 417,076 10,000 427,076 70,739
Chaditable
activities
Course fees 587,032 587,032 495,874
Other trading
activities		 1,797 1,797 28,972
Investment
income		 3,845 3,845
Total 1,009,750 10,000 1,019,750 595,585
EXPENDITURE ON
Charitable
Activities		 6 423,197 10,000 433,197 357,181
Chadtable
activities
Premises costs 53,277 53,277 51,016
Administration
costs		 164,063 164,063 141,151
Governance
costs		 5,400 5,400 4,980
Total 645,937 10,000 655,937 554,328
NE1' INCOME 363,813 363,813 41,257
RECONCILIATION
OF FUNDS
Total funds brought forward 31,782 142,205 173,987 132,730
TOTAL FUNDS CARRIED FORWARD 395,595 142,205 537,800 173,987

2021 2020
Notes
FIXED ASSETS
Tangible assets 13 57 85
Investment
property		 14 250,000
250,057
CURRENT ASSETS
Debtors 15 346,209 310,534
Cash at bank and in hand 96,786 132,838
442,995 443,372
CREDITORS
Amounts
falling due within one year		 16 (155,252) (177,280)
NET CURRENT ASSETS 287,743 266,092
TOTAL ASSETS LESS CURRENT LIABILITIES 537,800 266,177
CREDITORS
Amounts
falling due after more than one
year 17 (92,190)
NET ASSETS/(LIABILITIES) 537,800 173,987
FUNDS 20
Unrestricted
funds		 395,595 31,782
RestRcted funds 142,205 142,205
TOTAL FUNDS 537,800 173,987
202i 2020
Notes E
Cash flows from operating activities
Cash generated
from operations		 I 255,948 34,328
Net cash provided
by operating		 activities 255,948 34,328
Cash flows from investing activiTies
Purchase of investment
property		 (250,000)
Net cash (used in)/provided
by investing		 activities (250,000)
Cash flows trom financing acfivities
Loan repayments
in year		 (42,000) (4,000)
Net cash used in financing activities (42,000) (4,000)
Change
in cash and cash		 equivalents in
the reporting
period		 (36,052) 30,328
Cash and cash equivalents at the
beginning
ofthe reporting		 period 132,838 102,510
Cash and cash equivalents at the end of
the reporVing
period		 96,786 132,838

RECONCILIATION OF OF NET INCOME TO NET CASH FLOW FROM NET INCOME TO NET CASH FLOW FROM NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
2021 2020
Net income for the reporting period (as per fhe Statement of
Financial Activities) 363,813 41,257
Adjustments
for:
Depreciation
charges		 28 913
Increase
in debtors		 (35,675) (17,921)
(Decrease)/increase in creditors (72,218) 10,079
Net cash provided by operations 255,948 34,328
2. ANALYSIS OF CHANGES IN NET FUNDS
At 1.1.21 Cash flow At 31.12.21
Net cash
Cash at bank and in hand 132,838 (36,052) 96,786
132,838 (36,052) 96,786
Debt
Debts falling due within 1 year (42,000) 42,000
(42,000) 42,000
Total 90,838 5,948 96,786

DONATIONS AND LEGACIES
2021 2020
Sponsorship and scholarships 40,001 35,004
Donations 137,075 35,735
Donation
of		 property 250,000
427,076 70,739
3. OTHER TRADING ACTIVITIES
2021 2020
Other income 1,797 295
Course development 25,000
Job Retention Scheme grant 3,677
1,797 28,972
4. INVESTMENT INCOME
2021 2020
Rents received 3,845

2021 2020
Activity 5
Course fees Course fees 587,032 495,874
CHARITABLE ACTIVITIES
Other trading activiTies
2021 2020
Staff costs 394,715 337,960
Student recruitment and referral 400 500
Hardship
awards		 7,900
UK border control fees 557 536
Scholarships 22,000 I 1,000
Bad debts 7,625 7, 185
433,197 357,181
CHARITABLE ACTIVITIES COSTS
Support
Direct costs (see
Costs note 8) Totals
E 5
Premises costs 53,277 53,277
Administration costs 156,345 7,718 164,063
Governance costs 5,400 5,400
209,622 13,118 222,740
SUPPORT COSTS
Governance
costs
Administration costs 7,718
Governance costs 5,400
13,118
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
2021 2020
5 E
Auditors'
remuneration		 5,400 4,980
Depreciation —owned assets 28 913

11. 31 December
STAFF COSTS		 2020.
2021 2020
Wages and salaries 362,779 311,367
Social security costs 22,556 18,345
Other pension costs 9,380 8,248
394,715 337,960
The average monthly number ofemployees during the year was as follows:
2021 2020
Administration 13 13
No employees received emoluments in excess of E60,000.
12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund fund funds
INCOME AND ENDOWMENTS FROM
Donations
and		 legacies 25,739 45,000 70,739
Charitable
activities
Course fees 495,874 495,874
Other trading activities 28,972 28,972
Total 550,585 45,000 595,585
EXPENDITURE ON
Charitable
Activities		 312,181 45,000 357,181
Charitable
activihes
Premises costs 51,016 51,016
Administration costs 141,151 141,151
Governance costs 4,980 4,980
Total 509,328 45,000 554,328
NET INCOME 41,257 41,257

12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted Restricted Total
fund fund funds
RECONCILIATION OF FUNDS
Total funds brought
forward		 (9475) 142,205 132,730
TOTAL FUNDS CARRIED FORWARD 31,782 142,205 173,987
13. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
5 E
COST
At
1 January
2021 and
31 December 2021 8,281 17,673 25,954
DEPRECIATION
At
I January
2021		 8,281 I7,588 25,869
Charge for year 28 28
At 31 December 2021 8,281 17,616 25,897
NET BOOK VALUE
At 31 December 2021 57 57
At 31 December 2020 85 85
14. INVESTMENT PROPERTY
FAIR VALUE
Additions 250,000
At 31 December 2021 250,000
NET BOOK VALUE
At 31 December 2021 250,000
At 31 December 2020
15. DEBTORS: AMOUNTS FALLING FALLING DUE WITHIN ONE YEAR
2021 2020
5
Trade debtors 243,562 254,357
Other debtors 45,741 45,741
Prepayments
and accrued income		 56,906 10,436
346,209 310,534
16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
E
Other loans (see note 18) 42,000
Trade creditors 9,434 3,737
Social security and other taxes 8,880 5,713
Other creditors 2,640
Islamic Foundation 91,822 98,004
Pension creditor 1,911 1,327
Accruals and deferred income 40,565 26,499
155,252 I77,280
17. CREDITORS: AMOUNTS FALLING DUE ABER MORE THAN ONE YEAR
2021 2020
E
Islamic Foundation 92,190

An analy sis ofthe maturity
of loans is giv		 en below:
2021 2020
E E
Amounts falling due within one year on demand:
Other loans 42,000
19. ANALYSIS OF NET ASSETS BETWEEN FUNDS
2021 2020
Unrestricted Restricted Total Total
fund fund funds funds
S S
Fixed assets 57 57 85
Investments 250,000 250,000
Current assets 300,790 142205 442,995 443,372
Current liabilities ( I55,252) (155,252) (177,280)
Long term liabilities (92,190)
395,595 142,205 537,800 I73,987

MOVEMENT
IN		 FUNDS
Net
movement At
At 1.1.21 in funds 31.12.21
E E E
Unreshicted
funds
General
fund		 31,782 363,813 395,595
Restricted funds
Restricted 142,205 142,205
TOTAL FUNDS 173,987 363,813 537,800
Net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
Unrestricted
funds
General
fund		 1,009,750 (645,937] 363,813
Restricted funds
Restdicted 10,000 (10,000)
TOTAL FUNDS 1,019,750 (655,937) 363,813
Comparatives for movement in funds
Net
movement At
At 1.1.20 in funds 31.12.20
Unrestricted
funds
General fund (9,475) 41,257 31,782
Restricted tunds
Restricted 142,205 142,205
TOTAL FUNDS 132,730 41,257 173,987

Comparati ve
net movement
in funds,		 included
in the above are as follo		 ws:
Incoming Resources Movement
resources expended in funds
E
Unrestricted tends
General
fund		 550,585 (509,328) 41,257
Restricted funds
Restricted 45,000 (45,000)
TOTAL FUNDS 595,585 (554,328) 41,257
A current year 12months and prior year 12 months
combined
position
is		 as follows:
Net
movement At
At 1.1.20 in funds 31.12.21
E E E
Unrestricted funds
General fund (9,475) 405,070 395,595
Restricted funds
Restdcted 142,205 142,205
TOTAL FUNDS 132.730 405,070 537,800
A current
the above		 year 12 months
and
prior ye
are as follows:		 ar 12 months
combined
net mo		 vement
in fund		 s, included
Incoming Resources Movement
resources expended in funds
E E
Unrestricted funds
General
fund		 1,560,335 (1,155,265) 405,070
Restricted funds
Restricted 55,000 (55,000)
TOTAL FUNDS 1,615,335 (1,210,265) 405,070

2021 2020
INCOME AND ENDOWMENTS
Donations
and legacies
Sponsorship
and scholarships		 40,001 35,004
Donations 137,075 35,735
Donation of property 250,000
427,076 70,739
Other trading
activities
Other income 1,797 295
Course development 25,000
Job Retention Scheme grant 3,677
1,797 28,972
Investment
income
Rents received 3,845
Charitable
activities
Course fees 587,032 495,874
Total incoming
resources		 1,019,750 595,585
EXPENDITURE
Other trading
activities
Wages and salaries 362,779 311,367
Social security costs 22,556 18,345
Staff pensions 9,380 8,248
Student
recruitment		 and referral 400 500
Hardship
awards		 7,900
UK border control fees 557 536
Scholarships 22,000 11,000
Bad debts 7,625 7,185
433.197 357,181
Chadtable
activities
Rates and water 9,537 5,374
Insurance 2,656 4,266
Light and heat 10,403 9.726
Telephone 1,740 5,023
Postage and stationery 3,135 1,037
Advertising 5,389 9,214
Rent 12,000 12,000
Repairs and maintenance 3,539 1,996
Travelling 4,601 3,809
Canied forward 53,000 52,445

2021 2020
Chakitable
activities
Brought forward 53,000 52,445
Accommodation
and		 subsistence 3,554 1,871
Events and ceremonies 3,234 1,030
Sundries 100
Internet and
ITexpenses		 49,204 35,776
Books and subscdptions 5,499 16,027
Equipment
hire		 294 374
Cleaning 9,872 8,440
Bank charges 1,269 1,570
Hire of premises 1,610
Validation
and accreditation		 fees 80,227 53,121
Legal and professional 3,341 2,926
Computer
equipment		 depreciation 28 913
209,622 I76,103
Support costs
Governance
costs
Auditors'
remuneration		 5,400 4,980
Financial operations management 2,154 2,877
Consultancy 5,564 13,187
13,118 21.044
Total resources expended 655,937 554,328
Net income 363,813 41,257