## 

|||Page||
|---|---|---|---|
|Reference and Administrative<br>Details||||
|Report offhe Trustees||2 to|5|
|Statement<br>of Trustees'|Responsibilities|||
|Report ofthe Independent<br>Auditors||7to9||
|Statement<br>of Financial|Activities|10||
|Balance Sheet||||
|Cash Flow Statement||12||
|Notes to the Cash Flow Statement||13||
|Notes to the Financial|Statements|14 to|23|
|Detailed Statement of|Financial<br>Activities|24 to|25|





## 

|TRUSTEES|||Mr F S Murad|||||
|---|---|---|---|---|---|---|---|
||||Prof KAhmad|||||
||||Dr S M Ahmad|||||
||||Or M Ahsan|||||
||||Dr M Ruby|||||
||||Mr M1 Abdullah|||||
||||Dr M M Ally (appointed|||1.622(||
|REGISTERED|OFFICE||Ratby Lane|||||
||||Markfield|||||
||||Leicester|||||
||||Leicestershire|||||
||||LE67 9SY|||||
|REGISTERED|COMPANY|NUMBER|06471324 (England||and|Wales)||
|REGISTERED|CHARITY NUMBER||1125851|||||
|AUDITORS|||Fortus Audit<br>LLP|||||
||||Chartered<br>Accountants|||8Statutory|Auditor|
||||31 High View Close|||||
||||Hamilton<br>Office|Park||||
||||Leicester|||||
||||Leicestershire|||||
||||LE4 9LJ|||||
|BANKERS|||Barclays Bank UK Pic|||||
||||Leicester Town|Hall|Square|||
||||Leicester|||||
||||LE87288|||||





## 



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## 



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## 



## 



## 

## 

## 



## 

## 

||||||2022|2021|
|---|---|---|---|---|---|---|
||||Unrestriicted|Restricted|Total|Total|
||||fund|fund|funds|funds|
|||||||as restated|
|||Notes||||8|
|INCOME AND ENDOWMENTS|FROM||||||
|Donations<br>and legacies|||103,036|12,000|115,036|427,075|
|Charitable<br>activities|||||||
|Course fees|||500,523||500,523|600,366|
|Other trading<br>activities|||3,017||3,017|1,797|
|Investment<br>income|||11,744||11,744|3,845|
|Total|||618,320|12,000|630,320|1,033,083|
|EXPENDITURE ON|||||||
|Charitable<br>Activities|||505,120|2,000|507,120|433,197|
|Charitable<br>activiTies|||||||
|Premises costs|||62,738||62.738|53,277|
|Administration<br>costs|||123,781||123,781|164,063|
|Governance<br>costs|||7,500||7,500|5,400|
|Total|||699,139|2,000|701,139|655,937|
|NET INCOME/(EXPENDITURE)|||(80,819)|10,000|(70,819)|377,146|
|RECONCILIATION<br>OF FUNDS|||||||
|Total funds brought forward|||||||
|As previously<br>reported|||395,595|142,205|537,800|173,987|
|Prior year adjustment||13|(221,667)|—|(221,667)|(235,000j|
|As restated|||173,928|142.205|316,133|(61,013)|
|TOTAL FUNDS CARRIED FORWARD|||93,109|152,205|245,314|316,133|



## 



## 

|||2022|2021|
|---|---|---|---|
||||as restated|
||Notes||E|
|FIXEDASSHS||||
|Tangible assets|14|1,102|57|
|Investment<br>property|15|250.000|250,000|
|||251.102|250,057|
|CURRENT ASSETS||||
|Debtors|16|227,315|346,209|
|Cash at bank and in hand||164316|96.786|
|||391,631|442,995|
|CREDITORS||||
|Amounts<br>falling due within one year|17|(397.419)|(376.919)|
|NET CURRENT ASSETS||5,788|66,076|
|TOTAL ASSHS LHS CURRENT UABIUTIES||245,314|316,133|
|NH ASSEIS/(UABIUTIES)|||316,133|
|FUNDS|19|||
|Unrestricted<br>funds||93.109|173,928|
|Restricted funds||152,205|142,205|
|TOTAL FUNDS||~245314|~316133|






## 

## 

||||||2022|2021|
|---|---|---|---|---|---|---|
|||||||as|
|||||||restated|
||||Notes|||E|
|Cash flows from operating|activities||||||
|Cash generated<br>from operations||||I|68,869|255,948|
|Net cash provided<br>by operating||activities|||68,869|255,948|
|Cash flows from investing|activiTies||||||
|Purchase of tangible<br>fixed assets|||||(1,339)||
|Purchase of investment<br>property||||||(250,000)|
|Net cash used<br>in investing|activities||||(1,339)|(250,000)|
|Cash flows from financing|activifies||||||
|Loan repayments<br>in year||||||(42,000)|
|Net cash provided<br>by/(used<br>in) financing||||activities||(42,000)|
|Change<br>in cash and cash|equivalents||in||||
|the reporting<br>period|||||67,530|(36,052)|
|Cash and cash equivalents|at the||||||
|beginning<br>of the reporting|period||||96,786|132,838|
|Cash and cash equivalents|at the|end|of||||
|the reporting<br>period|||||164,316|96,786|





## 

## 

|RECONCILIATION<br>OF|NET (EXPENDITURE)/INCOME|NET (EXPENDITURE)/INCOME|TO NET CASH FLOW|FROM OPERATING|ACTIVITIES|
|---|---|---|---|---|---|
|||||2022|2021|
||||||as|
||||||restated|
||||||E|
|Net [expenditure)/income<br>for the reporting||period|(as per the|||
|Statement of Financial|Activities)|||(70,819)|377,146|
|Adjustments<br>for.||||||
|Depreciation<br>charges||||294|28|
|Decrease/(increase)|in debtors|||118,894|(35,675)|
|Increase/(decrease)|in creditors|||20,500|(85,551)|
|Net cash provided<br>by|operations|||68,869|255,948|



## 

|||At 1,1,22|Cash flow|At 31,12,22|
|---|---|---|---|---|
|||||E|
|Net cash|||||
|Cash at bank and|in hand|96,786|67,530|164,316|
|||96,786|67,530|164,316|
|Total||96,786|67,530|164,316|





## 

## 

## 



## 

## 

## 

## 



## 

|2.|DONAi'IONS|AND LEGACIES|AND LEGACIES||||
|---|---|---|---|---|---|---|
||||||2022|202i|
|||||||as|
|||||||restated|
||||||5||
||Sponsorship|and scholarships|||40,000|40,000|
||Donations||||75,036|137,075|
||Donation of|property||||250,000|
||||||115,036|427,075|
|3.|OTHER TRADING ACTIVITIES||||||
||||||2022|2021|
|||||||as|
|||||||restated|
||||||5||
||Other income||||3,017|1,797|
|4.|INVESTMENT|INCOME|||||
||||||2022|2021|
|||||||as|
|||||||restated|
||||||5|5|
||Rents received||||11,744|3,845|
|5.|INCOME FROM CHARITABLE|||ACTIVITIES|||
||||||2022|2021|
|||||||as|
|||||||restated|
|||||Activity|||
||Course fees|||Course fees|500,523|600,366|
|6.|CHARITABLE|ACTIVITIES|||||
||Other trading|activities|||||
||||||2022|2021|
|||||||as|
|||||||restated|
||Staff costs||||428,439|394,715|
||Student<br>recruitment||and referral||250|400|
||Hardship<br>awards||||25,665|7,900|
||UK border control fees||||1,156|557|
||Scholarships||||35,500|22,000|
||Bad debts||||16,110|7,625|
||||||507,120|433,197|





## 

## 

## 

## 

|CHARITABLE|ACTIVITIES COSTS||||
|---|---|---|---|---|
||||Support||
|||Direct|costs (see||
|||Costs|note 8)|Totals|
||||E||
|Premises costs||62,738||62,738|
|Administration|costs|121,106|2,675|123,781|
|Governance|costs||7,500|7,500|
|||183,844|10,175|194,019|



|Administration|casts|
|---|---|
|Governance|costs|



## 

## 

|Net inco|me/(e|xpenditur|e)<br>is stated after charging/(cr|editing):||
|---|---|---|---|---|---|
|||||2022|2021|
||||||as|
||||||restated|
|||||E||
|Auditors'|remuneration|||7,500|5,400|
|Depreciation||—awned|assets|294|28|



## 

## 



## 

## 

## 

|STAFF|COSTS||||
|---|---|---|---|---|
||||2022|2021|
|||||as|
|||||restated|
|Wages|and salaries||383,996|362,779|
|Social|secudty|costs|31,626|22,556|
|Other|pension|costs|12,817|9,380|
||||428,439|394,715|



|The average<br>m|onthly<br>nu|mber<br>ofemp|loyees<br>during the year was as|follows:||
|---|---|---|---|---|---|
|||||2022|2021|
||||||as|
||||||restated|
|Administration||||13|13|
|No employees|received|emoluments|in excess of560,000.|||



|The total remuneration<br>package received<br>in t|he year by the head of provider was:||
|---|---|---|
||2022|2021|
|Gross salary|45,000|45,000|
|Pension|1,938|1,938|
|Benefits in kind|||
||46,938|46,938|



## 

|COMPARAT|IVES<br>FOR THE STA|TEMENT OF FINANCIA|L ACTIVITIES|||
|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|
||||fund|fund|funds|
||||||as restated|
|||||E||
|INCOME AND ENDOWMENTS||FROM||||
|Donations|and legacies||417,075|10,000|427,075|
|Charitable|activities|||||
|Course fees|||600,366||600,366|
|Other trading<br>activities|||1,797||1,797|
|Investment|income||3,845||3,845|
|Total|||1,023,083|10,000|1,033,083|
|EXPENDITURE ON||||||
|ChaRtable|Activities||423,197|10,000|433,197|





## 

|12.|COMPARATIVES<br>FOR THE STATEMENT OF FINANCIAL|ACTIVITIES - continued|||
|---|---|---|---|---|
|||Unrestricted|Restricted|Total|
|||fund|fund|funds|
|||||as restated|
||||F.|E|
||Charitable<br>activities||||
||Premises costs|53,277||53,277|
||Administration<br>costs|164,063||164,063|
||Governance<br>costs|5,400||5,400|
||Total|645,937|10,000|655,937|
||NET INCOME|377,146||377.146|
||RECONCILIATION<br>OF FUNDS||||
||Total funds brought<br>forward||||
||As previously<br>reported|31,782|142,205|173,987|
||Prior year adjustment|(235,000)||(235,000)|
||As restated|(203,218)|142,205|(61,013)|
||TOTAL FUNDS CARRIED FORWARD|173,928|142,205|316,133|
|13.|PRIOR YEAR ADJUSTMENT||||



|TA|NGIBLE FIXED ASSETS||||
|---|---|---|---|---|
|||Fixtures|||
|||and|Computer||
|||fittings|equipment|Totals|
|||||5|
|COST|||||
|At|1 January<br>2022|8,281|17,673|25,954|
|Additions||713|626|1,339|
|At|31 December 2022|8,994|18,299|27,293|
|DEPRECIATION|||||
|At|1 January<br>2022|8,281|17,616|25,897|
|Charge foryear||143|151|294|
|At|31 December 2022|8,424|17,767|26,191|
|NET BOOK VALUE|||||
|At|31 December 2022|570|532|1,102|
|At|31 December 2021||57|57|





## 

## 

|FAIR VALUE||
|---|---|
|At<br>I January 2022||
|and 31 December 2022|250,000|
|NET BOOK VALUE||
|At 31 December 2022|250,000|
|At 31 December 2021|250,000|



## 

|DEBTORS: AM|OUNTS<br>FALLING DUE WITHIN ONE YEAR|||
|---|---|---|---|
|||2022|2021|
||||as|
||||restated|
|||5|5|
|Trade debtors||157,567|243,562|
|Other debtors||45,741|45,741|
|Prepayments|and accrued income|24,007|56,906|
|||227,315|346,209|



## 

|CREDITORS: AMOUNTS<br>FALLING DUE WITHIN ONE YEAR|||
|---|---|---|
||2022|2021|
|||as|
|||restated|
|Trade creditors|6,465|9,435|
|Social security and other taxes|10,296|8.880|
|Other creditors|2,722|2,640|
|Islamic Foundation|100.511|91.822|
|Pension creditor|1,937|1,911|
|Accruals and defened income|275,488|262,231|
||397,419|376,919|



|ANALYS|IS OF NET ASSETS BETW|EEN FUNDS||||
|---|---|---|---|---|---|
|||||2022|2021|
||||||as|
||||||restated|
|||Unrestricted|RestRcted|1otal|Total|
|||fund|fund|funds|funds|
||||5|5|5|
|Fixed assets||1,102||1,102|57|
|Investments||250,000||250,000|250,000|
|Current|assets|239,426|152,205|391.631|442.995|
|Current|liabilities|(397,419)||(397,419)|(376,919)|
|||93,109|152,205|245,314|316,133|





## 

## 

|MOVEME|NT|IN FUNDS|||||
|---|---|---|---|---|---|---|
|||||Prior|Net||
|||||year|movement|At|
||||At 1.1.22|adjustment|in funds|31.12.22|
||||E|E||E|
|Unrestricted||funds|||||
|General|fund||395,595|(221,667)|(80,819)|93,109|
|Restricted||funds|||||
|Restricted|||142,205||10,000|152,205|
|TOTAL FUNDS|||537,800|(221,667)|(70,819)|245,314|



|Net moveme|nt<br>in funds, included<br>in th|e above are as follows:|||
|---|---|---|---|---|
|||Incoming|Resources|Movement|
|||resources|expended|in funds|
|||E|E|F.|
|Unrestricted|funds||||
|General<br>fund||618.320|(699,139)|(80,819)|
|Restricted funds|||||
|Restricted||12,000|(2,000)|10,000|
|TOTAL FUNDS||630,320|(701,139)|(70,819)|



## 

|Comparai|iv|es<br>for movement<br>in f|unds||||
|---|---|---|---|---|---|---|
|||||Prior|Net||
|||||year|movement|At|
||||At 1.1.21|adjustment|in funds|31.12.21|
||||E|E||E|
|Unrestricted||funds|||||
|General|fund||31,782|(235,000)|377,146|173.928|
|Restricted||funds|||||
|Restricted|||142,205|||142,205|
|TOTAL FUNDS|||173,987|(235,000)|377,146|316,133|





## 

## 

|Comparative|net movement<br>in funds,|included<br>in the above are as follo|ws:||
|---|---|---|---|---|
|||Incoming|Resources|Movement|
|||resources|expended|in funds|
|Unrestricted|funds||||
|General<br>fund||1,023,083|(645,937)|377,146|
|Restricted funds|||||
|Restricted||10,000|(10,000)||
|TOTAL FUNDS||1,033,083|(655,937)|377,146|



|A current|year 12months and p|rior year 12months combi|ned<br>position<br>is|as follows:||
|---|---|---|---|---|---|
||||Prior|Net||
||||year|movement|At|
|||At 1.1.21|adjustment|in funds|31.12.22|
|Unrestricted|funds|||||
|General fund||31,782|(456,667)|296,327|(128,558)|
|Restricted|funds|||||
|Restriicted||142,205||10,000|152,205|
|TOTAL FUNDS||173,987|(456,667)|306,327|23,647|



|A current <br>the above|year 12 months<br>and<br>priiar 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||1.641,403|(1,345,076)|296,327|
|Restricted|funds||||
|Restricted||22,000|(12,000)|10,000|
|TOTAL FUNDS||1,663,403|(1,357,076)|306.327|





## 



## 

|||2022|2021|
|---|---|---|---|
||||as restated|
||||B|
|INCOME AND ENDOWMENTS||||
|Donations and legacies||||
|Sponsorship<br>and scholarships||40.000|40,000|
|Donations||75,036|137,075|
|Donation<br>of property|||250,000|
|||115,036|427,075|
|Other trading<br>activitIes||||
|Other income||3,017|1,797|
|Investment<br>Income||||
|Rents received||11,744|3,845|
|Charitable<br>activities||||
|Course fees||500,523|600,366|
|Total incoming<br>resources||630,320|1,033,083|
|EXPENDITURE||||
|Other trading<br>activities||||
|Wages and salaries||383,996|362,779|
|Social securtity costs||31,626|22,556|
|Staff pensions||12,817|9,380|
|Student recruitment|and referral|250|400|
|Hardship<br>awards||25,665|7,900|
|UK border control fees||1,156|557|
|Scholarships||35,500|22,000|
|Bad debts||16,110|7,625|
|||507,120|433,197|
|Charitable<br>activiTies||||
|Rates and water||10,035|9,537|
|Insurance||2,229|2,656|
|Light and heat||16,061|10403|
|Telephone||1,756|1,740|
|Postage and stationery||2,011|3,135|
|Advertising||6,185|5,389|
|Rent||12,000|12,000|
|Repairs and maintenance||6,011|3,539|
|Travelling||8,036|4,601|
|Accommodation<br>and subsistence||4,757|3,554|
|Events and ceremonies||2,987|3,234|
|Sundnes|||100|
|Cairted forward||72,068|59,888|





## 

||||2022|2021|
|---|---|---|---|---|
|||||as restated|
|Charitable<br>activities|||||
|Brought forward|||72,068|59,888|
|Internet and<br>IT expenses|||36,646|49,204|
|Books and subscriptions|||4,238|5499|
|Equipment<br>hire|||2,510|294|
|Cleaning|||10,217|9,872|
|Bank charges|||1,805|1,269|
|Validation<br>and accreditation||fees|52,997|80,227|
|Legal and professional|||3,069|3,341|
|Fixtures and fittings depreciation|||143||
|Computer equipment|depreciation||151|28|
||||183,844|209,622|
|Support costs|||||
|Governance<br>costs|||||
|Auditors'<br>remuneration|||7.500|5,400|
|Financial operations|management||2,675|2,154|
|Consultancy||||5,564|
||||10,175|'13,118|
|Total resources expended|||701,139|655,937|
|Net (expenditure)/income|||(70,819)|377,146|