||Page||
|---|---|---|
|Reference and Administrative<br>Details|||
|Report ofthe Trustees|2 to|5|
|Statement ofTrustees'<br>Responsibilities|||
|Report ofthe Independent<br>Auditors|7 to|9|
|Statement of Financial<br>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<br>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<br>LLP|||
||||Chartered<br>Accountants|8 Statutory|Auditor|
||||31 High View Close|||
||||Hamilton<br>Office Park|||
||||Leicester|||
||||Leicestershire|||
||||LE4 9LJ|||





## 



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## 

|||||||2021|2020|
|---|---|---|---|---|---|---|---|
|||||Unrestricted|RestHcted|Total|Total|
|||||fund|fund|funds|funds|
||||Notes|E|E|||
|INCOME AND ENDOWMENTS||FROM||||||
|Donations<br>and legacies||||417,076|10,000|427,076|70,739|
|Chaditable<br>activities||||||||
|Course fees||||587,032||587,032|495,874|
|Other trading<br>activities||||1,797||1,797|28,972|
|Investment<br>income||||3,845||3,845||
|Total||||1,009,750|10,000|1,019,750|595,585|
|EXPENDITURE ON||||||||
|Charitable<br>Activities|||6|423,197|10,000|433,197|357,181|
|Chadtable<br>activities||||||||
|Premises costs||||53,277||53,277|51,016|
|Administration<br>costs||||164,063||164,063|141,151|
|Governance<br>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<br>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<br>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<br>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<br>falling due after more than one||||
|year|17||(92,190)|
|NET ASSETS/(LIABILITIES)||537,800|173,987|
|FUNDS|20|||
|Unrestricted<br>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<br>from operations||||I|255,948|34,328|
|Net cash provided<br>by operating||activities|||255,948|34,328|
|Cash flows from investing|activiTies||||||
|Purchase of investment<br>property|||||(250,000)||
|Net cash (used in)/provided<br>by investing||||activities|(250,000)||
|Cash flows trom financing|acfivities||||||
|Loan repayments<br>in year|||||(42,000)|(4,000)|
|Net cash used in financing|activities||||(42,000)|(4,000)|
|Change<br>in cash and cash|equivalents||in||||
|the reporting<br>period|||||(36,052)|30,328|
|Cash and cash equivalents|at the||||||
|beginning<br>ofthe reporting|period||||132,838|102,510|
|Cash and cash equivalents|at the|end|of||||
|the reporVing<br>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<br>for:|||||||||
||Depreciation<br>charges|||||||28|913|
||Increase<br>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|





## 

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## 



## 

## 

## 

||DONATIONS|AND LEGACIES|||
|---|---|---|---|---|
||||2021|2020|
||Sponsorship|and scholarships|40,001|35,004|
||Donations||137,075|35,735|
||Donation<br>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<br>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'<br>remuneration||||||5,400|4,980|
|Depreciation|—owned assets|||||28|913|



## 

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## 



## 

## 

## 

## 

## 

## 

|11.|31 December <br>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<br>and||legacies||||||25,739|45,000|70,739|
||Charitable<br>activities|||||||||||
||Course fees||||||||495,874||495,874|
||Other trading|activities|||||||28,972||28,972|
||Total||||||||550,585|45,000|595,585|
||EXPENDITURE ON|||||||||||
||Charitable<br>Activities||||||||312,181|45,000|357,181|
||Charitable<br>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<br>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<br>1 January<br>2021 and|||||
||31 December 2021||8,281|17,673|25,954|
||DEPRECIATION|||||
||At<br>I January<br>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<br>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<br>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<br>IN|FUNDS|||||
|---|---|---|---|---|---|
|||||Net||
|||||movement|At|
||||At 1.1.21|in funds|31.12.21|
||||E|E|E|
|Unreshicted<br>funds||||||
|General<br>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<br>funds||||||
|General<br>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<br>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<br>net movement<br>in funds,|included<br>in the above are as follo|ws:||
|---|---|---|---|---|
|||Incoming|Resources|Movement|
|||resources|expended|in funds|
|||E|||
|Unrestricted|tends||||
|General<br>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<br>combined<br>position<br>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<br>the above|year 12 months<br>and<br>prior ye<br> are as follows:|ar 12 months<br>combined<br>net mo|vement<br>in fund|s, included|
|---|---|---|---|---|
|||Incoming|Resources|Movement|
|||resources|expended|in funds|
||||E|E|
|Unrestricted|funds||||
|General<br>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<br>and legacies||||
|Sponsorship<br>and scholarships||40,001|35,004|
|Donations||137,075|35,735|
|Donation of property||250,000||
|||427,076|70,739|
|Other trading<br>activities||||
|Other income||1,797|295|
|Course development|||25,000|
|Job Retention Scheme grant|||3,677|
|||1,797|28,972|
|Investment<br>income||||
|Rents received||3,845||
|Charitable<br>activities||||
|Course fees||587,032|495,874|
|Total incoming<br>resources||1,019,750|595,585|
|EXPENDITURE||||
|Other trading<br>activities||||
|Wages and salaries||362,779|311,367|
|Social security costs||22,556|18,345|
|Staff pensions||9,380|8,248|
|Student<br>recruitment|and referral|400|500|
|Hardship<br>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<br>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<br>activities|||||
|Brought forward|||53,000|52,445|
|Accommodation<br>and|subsistence||3,554|1,871|
|Events and ceremonies|||3,234|1,030|
|Sundries|||100||
|Internet and<br>ITexpenses|||49,204|35,776|
|Books and subscdptions|||5,499|16,027|
|Equipment<br>hire|||294|374|
|Cleaning|||9,872|8,440|
|Bank charges|||1,269|1,570|
|Hire of premises||||1,610|
|Validation<br>and accreditation||fees|80,227|53,121|
|Legal and professional|||3,341|2,926|
|Computer<br>equipment|depreciation||28|913|
||||209,622|I76,103|
|Support costs|||||
|Governance<br>costs|||||
|Auditors'<br>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|