REGISTERED COMPAt4Y NUMBER: IM471324 IEnglarKI and Wokn) REGISTERED CHARITY NUMIEL. 1125851 REPORT OFIHE TRUSTEES AND AVDITED FINANCIAL STATEMENIS FOR THE YEAR ENDED 31 DECEMBER 2 FOR TrIE MARKFIELD INSTIIVTt OF HIGHER EDUCATION (A COMPANY LIMIIED BY GUARANTEE) THE MARKFIELD INSTITUTE OF HIGHER EDUCATION CQNIENT5 OF THE FINANCIAL STATEMENTS Foi The YearEnded 31 December 2025 Pag? Rel•r•nc• ond Admlrtholtve Delal R•port oflhe Trul1￿$ 2 to 6 Slalgmenl of Tius*•es' RèspoMWIIII•i R•port olth• Ind•pendenlAvdlois 8 10 10 stolemonl ol Fjnunelol Aemes 12 Cwtrt Fbw Slolem•nl 13 Notes to Ihe C￿h Fkw StaFement 14 Notes lo the FlrKfrn¢k41514)lements 15 to 24 Delalkd 5tal•m•nt ol F￿￿￿¢￿rActIVlll?N 25 10 26 THE MARKFIELD INSTITUTE OF HIGHER EDUCATION REFERENCE AND ADMINISTRATIVE DEfAILS F¢r The Yeor Ended 31 December 2025 TRVSTEES MrFS Murod Drs MAhmad Dr M Ahson Ireslgned 1.11251 Drm Ruby Mrm T Abdulbh DrMMAIty JW M H M Hazin loppointed l.11.251 Professor M kzeldin loppointecl l.11.251 REGISTERED OFFICE Ralby Lane markr￿Id Leice51er Leiceslershire LE67 9SY REGISIERED COAIPANY NUMBER 06471324 {EngI￿d ond Wolesl REGISTERED CHARITY NUMBER 1125851 AUDITORS TC Group 31 High Vlew Close Hamilton Office Park Leicester Leicestershi LE4 9LJ BANKERS Barclays Bank UK PIC LeiceslerTown Holl Squore Leicester LE87 28B Poge I THE IIIARKFlaD INSTITUTE OF HIGHER EDUCAnoN REPORTOF THE TRUSTEES For Th• Year Ended 31 December 2 Thè tru51985 are cdso d(reCtO￿ of the Charity the wrposes ol the Act 2006, present Ihelr report wlh the thcsncid 5tatemen15 01 the chcffity lor the year endèd 31 ￿en￿er X)25. The trvslees have cxyopted th• provtslon5 of AccouTrtiw ond ReporNng by Chorft*5.' 51otem8nt of Recommended Proctice opplicable lo chadtbs preparing their occoun15 In accordonce wth Ihe Reportlw SlandJd oppllcable h the UK and Rewblc ol Ireknd (FR5 102118lfeCt￿fj l Jcmvory 20191. OilEcnvES AND ACMVITIES ObJecllves and ulms Thè Markfi8td Inslltvle ol Hlgher EdLJcollon IMIHEI wos e51obJtshed In 20Ct) to odvonce educollon for Ihe PL*Jl b8n8fl1 throLuh.' delivery of vdKtiledlaccredled Ngher education progr(Jnmes', research 5chdC￿hip in 15bmlc dIsclp￿￿e5. and pro[￿lorK]I development and comrFyJnty Qngagement. me h5tltule's rfA5slon Is to cullivate goduales scholors eqll￿peCI ￿th Ult￿￿. Fjlhtd. ond anotyllcd capocit*s lo Cont￿ule mecMlrKJfuly 10 Society. As o hkJher eductytlon pro>viLler. the Inslltvte is regulded by the Office lor Sludents10151 since it5 iegistralion rch 2019. tt 15 dso occredlted by thè 8ri115h Accredltatbn CoLW￿ll IBACI. Futhonnottr, It Ik>￿ o UKVI StLKknI Rovlo (￿th a proven tsack recorel ond Sknled Wcyker Sp￿s01 Status. ullovAng tr to recruit Studsnts and slall trom abroocl. 514nm¢arf oeltvlllès The lrntllule offers urthfgrathjote arKI Post￿adV01e programmes IBA and MA wogtCTnmes1, vafldoted by Bbmingh(yY) Newmon UnIve￿Ity. In I￿arn￿ Studps, lslamtc Educatlon. Bonkng and finance. Islom cnd Susloinoble Devebpment. army P05tryol Core1C￿F￿alnCy. Ihtr Inslltvle 0150 secvred a partnershi) wllh Sl Marys Urfversity to delivey Ro5eorch Oegree progrcmnes In 2025. The kn5fitute'5 c¢y8 acllrflbs Include leocNng ond Ifyolnlng, research cThJ schda¥sl4p. ond community eNJogement. The 8dL￿all￿oI progrcxnmes OTM to eqL>P slvdents ￿11￿ Ihe kThyMep￿nf oYd. Pagg 3 THE MAIKFIEID INSTITUTE OF HIGHEI EOUCAnoN Repoxf OFTHE If¢vsTEES ForTh• Yeor Ended 31 December X125 STrATEGIC REPORT A¢hlevemènli and pertoThonee Durlng Ihe 2024-2025 acodemk yeai. 70 51uden15 gro￿ated from th6 In5111ut6 across vc¥(ous courses. The Instllule also delivered several short execufiv8 progrommes and research 58mlThJrs. De$￿te seclor-wde choleng¢s 51udent recr￿lment, Ihe Institute mointdnecl ocad&mk defvety ac105s mull1p￿ progcxnm6s. s1rengthered In5titvth)nal partne￿hlp5. expoThYed resgorch provts￿￿ Ihrough rew doctorcl cdktsxatK)n5. and con*lThJed lo support sludents Ihrough wellore ond acod8mic 58rvic8S. Flnanclol revlew Flnonctal posmlon The Imtltule record9d on Sn-yecw surplus In unrestrfctgd fvjnds 01 £918,198 12024 £1(XJ2571 ond a svrpkns In resldcted fl￿d5 of £NI12024: £89,6(i)l. Thb reflgcls on oddilbn lo Its endowment fund dUrit￿ 2025 Ithe accwlsillon of o new pioperty wilh an approxh)016 voluè 01 £845kl ond inKYoved finaTKlol man*>Jemenl, rduding stre￿1h8ned credl conlrol processes ond ￿Ve￿Il￿all0￿ ol Income 5trecJrrG. Not ￿t￿stand￿j Ihts, char5ty continues to lacg slnJctural flnonclol pressures due to declI￿ng st￿)ent numbers in certon prcyJiorrmes. fteS•FVeS poky The churtty had unreslrfcted ￿SerVeS of £1.039,801 and reslricled rese￿e$ of £253,805 05 al 31 December￿25. The chcwity dop5 nol holj any fre8 tts reserve poficy alms lo occum￿ale Iree rè5eNe5 equvolenl to fftree months of operoling expendture over the next four yeu5. Th£& Iruslees Iwo wrposes lor the acc￿nl￿O￿on ol operothng r85grves'. l. To flnonc& the development of new or e￿511r¥4 selv￿e$. 2. To e￿￿le the organ15ation to be wovncl up If rocè55ary. To achTeve Ihts. the Iwu51og3 are.. strervJlh&nhg Ilntsnctd oveNght c￿d cost controts. (fiv8r5itytrvJ ncorre streams, reV￿Ing piogitHnme v￿￿111t￿ and d&livery mtxlels, and ImptewEnting 51ralegic reC￿￿t￿nI Inlllolfves. ReseNes will be morHtored regul(¥￿ agoin51 targ8ts, QfKJ cDtreclfve acllon ￿11 be loken where r￿CeSSary. GOINJ contem The trv5Ie￿ have gNFen c(yehJl conlderatlon to the cha￿ty.$ Nna￿ld possli?n ond lulure ouljoot. They are sotlsfied Ihat the organisctlon remoins o going concem lor lh9 lac￿n5'. -Theie Is o gr(xJud buildlng of its endowment lund - Conthnued dolivery ol core ctademlc progrorr¥YFe5 in olfliall0n￿ttt UK urfversllles - Acthvè cost marK]gement ond restructurfng measuies - D￿ve￿pment of new pc¥lnetslMp5 (￿d inco￿￿ 5tr8oms - Ongdng reg¢Jotthy ¢(￿P$UnCe wlth Ihe Office lorStvcl8nts Ihe Iritslee5 huve pr8pared fln(ncial lorecosls covèrlny ot least 12 rTh)nth5 from the dote ol approvd of the ffnandol slatements. These t0￿cOSts ind¢ate that tt)È Inslilute wlj be d)te lo meet tks fiabifiti85 as they Idl the. Howèver. the ttL151ees (Kknowledgg t￿1 Ihs position is 5ub]ect lo matertal ￿t￿&rtdnty. pOr1￿Ul0[￿ regordng 51udent recrLrflmenl. Accordingw, Ihe tiuslees wll continue to morilor linanctal perfonnance ¢105¢+y ond t￿e opW￿01& oction (ks reqLrfred. Pa98 4 THEWIRKFIELD INSTiniTE OF HIGHER EDVCAIION REPORT OFTHE TRUSIEES rlhe Year Ended Jl ￿¢ember2￿25 STRiICTUIE, GOVERNANCE AND P4lANAGEMENT Govemkng docvmgnt charity is goverred by It5 aovenlng document, o d89d of Itu￿, 0￿1 operotes 0% o compory ltrruted ty gvaronlee unde¥ Ihe c￿pOr￿eS Act 2CQ6. It was estot>Eshed urKler a Memoiondvm ol As50clatlon r￿d ' odmlrwster8d in aCCord¢￿ce the d)j&cfves ond poweu Set ovt in hs goveinlng ¢JocLments, the Artlcl85 01 As50clalkn ond By-law5. Gweinfthcè Slwetwe The boar¢J ol Trvsto0s ts respOn￿b￿ for stral6glc directKJn. financid ovèr4Jht. accKlemic qualty and regulatory compliance. More Speci￿dIY. the Boord is re5pornsb￿ for OPKxo*ing the stroleuy. bvdget ond fn(xckJl plons. acodefféc pkJn5. qLolty o$sur￿Ce. Prevenl Dltly compllunce. and onnvd ieports. It also oversees dl 05pect5 01 the Ins111utes educotlonol opeTOtlons. Board appolnls the Acadern￿ 8ooid, Ihe Flnance ond HR Commltteg. and the Manag8rn8nt 8oc¥d to manage Ihe Churivs att￿r$. It rewews the Ch￿lty$ pertom)ance ond addiesses enwgiw i55Ue5 ofKI The ReGtoi is (Kcovnlgtle lo the Booid ond r95porkyblg for ImkA&morrflng its deCI￿On9. Trvslee Re¢rvllmenlond Twlnkng The Iwstees are also dwector5 lor th8 PiffP0585 01 compc¥y th. The Board ol ITustse5 b r85porfjl￿e lor reC￿￿ting new tru51ees. Tntslees tre recrulled lor Ihelr sk4￿ and expeilence in educulton, govemance. Icw, ond cotrmunlty 1eadershlp, as wel a5 lor a proven Irack iecord h buthess rThJrbagempnl or public Se￿ces. Al twslees ¥&c8lve #)duclion or*S (￿eas5 to Chority Commb%or¥ g￿once. The Board opproves th& oppoi)tm9nt ol the A¢n of tsk5 and iry torrvption. Iroud, bnTr>ery, (md oth8r ki8gulorftlg1. Th8 Iru5t8es rgcelve reports fTorn the meelTng5 of all these commlllee511xxwd5. Pagg 5 THE MAIKFlaD IM511VVTE OF WGNER EDUCATION REPORT OF IHE TRUSTEES ForThe Year Ended 31 Derembew 2025 SIRVCIURE, GOVERNANCE AND MA14AGEIAENY Rtsk muntsgement The tIU5t8es have o djty lo ￿￿entify and t8vl8w Ihe rfsts to whlch the chcuity ￿ exposed and lo ensure lfv]I appr¢)priole conlrob are In pjoce to providg re050rthle agahsl f[aL￿ and error. The tru51ees molnlawi o ii5k regi8lerand leoul￿ty le￿eWkeY indudro.. - Legal Fina￿101 Sustaina￿lIty - studenl recrullment Regulolory compliance IOIS, UKVI, 8ACI - Repu10t￿n - ￿ IntrostrwlLJre and dola securfty - Estate and h8dlh ond solety rf$￿. *Wligation 5trotregk95 hclude IlnoncKI mo￿10￿ng arKI controls, compl¥Jnce hLYneworks, strate￿C planrfvJ, tho Slu¢*nl ￿01eCIl0n Plun (approved by the Office lor Studènts IOISII. hvhrch hiJNvJh15 ￿1￿￿ foclw the kn51ilvle ￿lated to students und the corr8swndkng mitigotion measures. Ihe Insttlule's prfncipal 05set i% omounts retsVC]b￿ Irom s1thI8nts. Ihe amounls yesenlèd In the bakince sheet a net ol oxowance lor doub1hJl recelvoblos. An o11owonce lor h)pa5iment 15 made wh8r8 event, I￿ed on pievk)u5 8yp8rfence, b evldence ofr a reduction in the recovefabfAty of cash flow5. The In5ti1L)te hts5 no slgraiicanl corcentrotion ol credll ffjsk, wllh exposure sprec¥J over a knrge numbeToI corglulty 5d8cled 51LKlents. STAIEMEMtAS 10 DISCLOSURE OF INFORMATION TO AUDITORS So for 05 the Iru5tee5 ore %)ware, there 15 no Yelevtht infoimotK)n los defined by Seclknn 418 of the Companl8s Act 20061 of whlch the choritoble corrpanvs OLJdters are urth¥ore. ond eoch trustee has oll th8 Steps Ihol they ouy)I to have token os o Injslee in order to moke Ihgm rMc¥e ol ony (Jjdil inlofmation ond Io gStab115h It￿1 Ihe K¥ttobb componvs a￿￿0[$ (we aware of tth]t irf0￿￿]Il0n. AVDtTOR5 The oudtors. TC Group, be proFY)sed Ic*re-tsPP(Mntm8nl ol the foitrro￿￿9 Anrlual Generd ￿811￿g. Report ol the tru51ees, incoTporollng a strategic ￿￿(￿￿, approved ty uder ol the boord ol irustee5, as the company dir8ctOF5, on...l.&....Mfvn. z•4... qnd s￿ned on booi¢S5 be￿1[ by.. Mi F S Mu¢￿- Trustee rjrz Paryez- Ac vntobie Oincer Pagg 6 THE MARKIIELD INSTITiIIE OF HIGHER EDUCATION STAIEMENT OF TRUSTFES, RESPONSIBILIIIES The Yeor Ended 31 Dètembel 2025 The tW5tees Iwh) ore olso dreclor5 of Ihe Vorklield Instifthe ol HIg￿r EducotDn forthe purposes of ccthpany l are responsble lor pieportro Ihe Repcrtt ol Ihe Trustees and th? financlal slolements h occordonce wllh 0ppl1cab￿ I(￿ ond Unit8d Kkngdom Accomllng Standards IUnT18d Kirydom Gèn&tally Acceptéd Accounlhg Proct￿8) Includng fSncnclal Reportln9 Ston¢Jard 102'The Financlul Reportlng SI￿dard ¢JppliCat￿9 In the UK ond Rewblc of Company bw tèqL&es Ihe tiustee5 to prepora flncmclol slolements lor eoch nn(rtld ye(Ji. Unthr thot kw, the Ir￿le&S hov6 elected lo prepcye Ihe slalemenls In accordance ￿th Unlted Khgt1om G&nefal Accepted Accounling Proctke Iunlted Kkngdom Accovnllng StonckJrd5 ond applic01￿e k•wl. ihKler compony I￿te&S must nol approve Ihe fina￿101 51algrnent5 urles5 they are salisff8d Ihot they gNe o ond folr vlew ot Ih8 51ate of oflolrs of Ihe chorflable ccthpony ond ol the trrmilng re50wces (md op￿ratIOn ol r&sovice5, Includng the irLome ond e>pendlture, ol Ihe charflotle compony for Ihot period. In Frfeparkng tr￿e ffftanch￿ stolement5. the trvstees ore recyired lo ètt sullobte n ol lintsnciol statements thot OTe free from rnGterKJ nisst(slement. whelhw ¢aiJè to froud ¢M 6rwor. In Prepa￿rg Ihe tra￿1Cl Statements, Ihe twstee5 Ure respons1b￿ for055esslng churfl(rt)le c¢Jnpory's casnty to con11nL￿ ￿ o golng concem, dscb51ng. as Op￿1¢￿￿e. molleis reltsted lo going concem ond using Ihe gohg concèm basts ol accounlinu unless the trust6e$ <her Inlend ￿ fiquldate chOrflab￿ compony or to ceosa op¢rutions, ￿ hove no re01￿11¢ ollem¢tiv8 bul to do $0. Our iesponslblmoi for Ihe oudltof the Ilnanclal Stalements Our obiEclives are k) obtain iea50nc*k assurance about whether the finoncid 5tatemgnts a5 g whde are free from malèrfd ml&stolem8nt. wh8thèr du6 lo fiwd or e￿or, and lo Lssu8 a Rgport ol Ihg IrthpeThYent AudNt quantinablo at thls Ilme. In (xk*bn lo Ihg ab)ve. the Irv5tee5 ¢on5h*red the orrounts L*Je to The bk¥rfc Fowdolon totoUirYJ £126,634 I￿24- £106,2381. The Foundolbn ts o r&G4stered chorlfy wllh trv5tees In commcpn wlth The Morkfield Inslitute ol HigI￿r £dLtallon. The Uomlc foundalTon has pbdged support lor lh& foreseeable hfvture. theref￿e. the occwnts hove been prepored on o goi￿ concem bus￿. Inc￿￿• All Inccme Is recognlsed In Ihe state￿nI ol ￿narLI￿ Aclmlles once the chthfty hus enllwemenl to funds. 11 Is pr¢)boble Ihal Income ￿11 be ieceNecl and tl59 amount can be rnoowred r41otJy. DonolEonJ ond le9a¢i Donallons ue recognLsed when the chortty hos been nollfjed ITr￿￿ng ol both the omunl and se11eff￿nfj date. kn Ihe event Ihot a dorntl￿ Is sublecl lo condlllorn that require o levèl ol perfomnce by tr chafity befoTe Ihe chO￿ty Is entit￿￿ ts the fuThJs. Ihe income L% deferr8d ond not ￿0￿n￿od unlil 85Sher those condilions (Jro lulty met. or the fu￿1￿ent of those condilicxns ￿ Whol￿ wrlhin lh8 contrcA ol the charity and It k prOt￿ble I1￿t Ihe5e condllonswlu ba fvmlled Sn Ihe reporlhg p8rlod. Legacy grft5 ore recogntsed on a case by cose b0515 following Ihe gront ol probol& whgn odmlni51roloilexeculor IOF Ihe eslole has cormiuricoled in writing btsth the cmounl and 5èMement dote. In the event thal lh8 glN th8 form ol on 0$5et oth8r thon cash or o lirKJncld asset troded on a recogn158d stock exchawe, tecognlllon15 SUt4ecl lo the vohje ol Ihe glll belno relab￿ m&oswd)le wilh a degree ol reas0r￿e ond Ihe tille to Ihe 055et hathg been 1ronslerred lo Ihe chartly. DorK21ed 055e15 ￿ treated es Income (w)d cq)Itdlsed tsl m(Akel value at the d(Jte ol tron5fer. Exp•nthr• iknbTrMles org rgcognlsed 05 8￿￿n￿ture 05 soon as th8re 15 a bgol or corslwctlve 0￿￿oI10n corrmllliro the chorfty lo Ihol expendllure. 11 Is probable Ihol a I￿nSIer of econon* be￿fil$ be ￿qLked In 5ettthenf and the amovnt ol me obllgathon can be measured relSabty. Exwndture Is accounl&d for on on (ttDJcls bctsts ond hos been dossill&d under heodlngs Ihol aggregote dl cost rel(rted to cotegw. Where cosls cormt be dtyectly ofmbuted to pcxltular heothgs tf*y hove been ollocoled to ¢rt￿litt$ or> o bos15 con51slenl wth the v5e ol r85ources. Chuthbfe ucllvMIèJ charl101￿e exwndHui6 comprtses those costs Incurred by Ihe chully h Ihe dellvery ol Its oc1[￿lIeS and servkes for ils beneffciarfes. It h)ckJdes bolh costs Ihat ccn be alocoled (Jlrectty lo such ￿*vit￿$ and those cosls of on in(firecl nolure necess¢Jy to supp￿1 them. Page 15 contlnL*d... THE MARKAELD INSTITUTE OF HIGHER EDUCATION NOTES TO THE FINANCIAL $TATEMENTS . c4)nllnu•d Ihe Year Ended 31 DeeEmbvr202S ACCOUNTING POUCIES- ¢?nllnued Chorloble a¢ltvMle$ Support costs Support costs InC￿tr eentrd function5 and haye been dbcated to aclivity cost calegones on o bosls consislenl wth the u58 of resources, I￿ exomple. crflocotiThJ propetty cos15 by fioor oreos, or por coplto. stottcosls by Ihe tune spenl and Ihe olhei costs by their u509o. Gov•man¢e CDSts These include the c051s ottTlbulatlg lo Ihe Ch¢￿1¥,$ compla￿? conslllulonol ond statutory requir￿)ents, IrrI￿lIng oudh, 51rote&ic m(￿(￿a￿￿ent and tIV5tee5's meelng5 and re&nbuised expenses. TOng￿e nxed D8preclotk)n Is pro*ltJed al the folkmlng ann￿ rale5 n order to wrtte off eoeh a55et over its eslvraled Useful Thle. Fixtures and fftlings Cornpul&requlm)¢nt 20% on cost 20% on cost Inveytrnent proper Investmnt propefly b slK)wn at rn05t recent valwtbn. Any ¢)Jgregole surF4u5 u dekrf orlslng from cknnges kn fa(r VC1￿ Is recogrised in the Stotemenl ol Mancial ACtiMt￿$. Taxalk+n The charily is &x&mpl Ir(yn C￿Porat￿n lox on ils ch¢￿labb aclmtkn. Fund oceounlkng lJntes*itled funds can be used in occorc&irtrce ￿1￿ Ihe chamable objectives ot the drscrelh)n of Ihe tTVStees. Reslrlcted fund5 C￿ (￿ty be v5ecl for partiCLknr rèstrfct8d puTros8s wItNn the oblects ol Ihe charfty. Reslrfclions ati5e wh8n 5pecltsd by the donDrorwhen lurKts ale rd5ed forporttutK re5trtcted purpostrs. Further explonation of Ihe nalvre ond PL¥P05e ol each furKI Ls Induded In the noles to Ihe Inonck st0tery￿nts. Penslon costs L)nd olher p051-reifrernent b￿￿NiS Ihe churttabl& eomrAJny ope¥ate5 0 defined C￿t￿butk)n pernlon Sche￿￿. Contiibullons poyoble lo th ch(ytloble comp(nW5 P8wknn scheme ore chorged lo the Slatement of HrKnCtal Aclmlbs h the poilocl to whkh Ihey rekjle. Deblor5 Debtor baki￿85 Ofe recogrtseé when amounls dLP lo thg re￿n vnpokl. Deblcy bakmces ore regularly revlewed vthere Is reasoncble doubt thal a debt be recelved Sn full on (wproprknt8 provBion Is mode agtun5t that bakjnce. ¢redlle cre￿lorba￿e5 tsco9nbgd when the charfty IncLv5 a IK#)Inly. PiovbK)n5 (xe mTh#e whon lh& chartly expected lo fjncur o IlcJk*llty with respect to events or condwkjns occvn1r¥J prior to th8 year 8nd. Creditix ba*Jrnce5 and pyovlxo￿S (ye revbwed regu￿1￿ lo eri$￿ that th&y (we foltty slatocl or hove been cleared CC¥Tecty. Page 16 conlknued... THEMARKHEID INSTITUTE OF HIGHER EDiICAnON NOIES IOThE FINANCIAL STA7EMENfS- ¢onllnv•d For The Year Ended 31 Decembei 2025 DONAIIONS AND IEGACIES 2￿25 2024 spO￿￿￿p cndscholcK5h tkTrnalior C*)notlon ofprope¥ly 45L 110.156 25,811 845.000 670,811 155,150 OTHER TRADING ACTIVIIIES 2)25 2024 Olher Income 4042 INVESTMENT INCOME 2025 2024 Rgnts rec8fved 53.7U) 16,200 INCOME FRO•A CHARITABIE ACTIVITIE$ 2025 2024 Actmty CcyJrse lees Course lees 9.582 714,858 CHARIIABLE AcThvmES Olhw tr￿n0 q¢IMII 2(Y25 2024 Slollcosts studènt w¢wllment ond relewal UK border control fees ScholorsNps Property m(mog8m&nl féès Bod debts 469.087 1,930 661 10.4(k) 4.184 475,￿1 451 Poge 17 contnuéd... THE MARKHEID INSIITIJTE 01 HIGHER EDUCATION IIOTES 10 TrIE HNANCIAL STATEMENTS - ¢onllnued or The Yeor Ended 310•eembèr 2025 CHARITABLE ACTMllES COSTS Support cos1515ee note 81 Costs Tolals Prem15es cost5 AdmiThstialion c05t5 G0vemar￿e cost5 16,488 242.019 16,488 24S.448 13.6 3.429 I I,OLK) 260,501 SVPPORT COSTS GovematKe costs Adrrirri5tralion costs Gov8monce costs 3.429 11,600 15 NET INCOmEIIEXPEND￿URE} Net 5ncomellex￿ndttvrel b stoled aftei ctr¥Jrglngllciedlirul'. X)25 2024 Audit￿5, remuneratk*) DeFyeoathon- owned assets 10,5DJ 1,162 io. TRUSIES, ItEMUNERATiON AND BENEFITS ele were TK) Iruslees. remunerollon ￿ otlEr beneffts th8 year end8d 31 Dgcemb8r 2125 nor for Ihg yeor ended 31 December 2024. Tw510th' •xp•ns Tlwe were no trusteas. ewenses poky lor Ihe year encl&d 31 Decembei 2025 nor For the year entsd 31 DecembÈr 2024. P￿18 crnt￿Ued... THE MARKFIEID INSTrruTE OF HIGHER EDUCATION NOTES TO THE FINANCIAL STATEMENTS . conlIn￿d For The Year Ended 31 Decembei 2025 STAFF COSTS 2025 2024 Woges and solaries Social security cost5 other pension cos15 421.859 34.948 12.280 393.718 28.139 12,027 469,087 433,884 The average monthly number of em ￿0yeeS during the yeorwas as follow5: 2025 12 2024 Academ¢c and adminislrotrion No ¥M￿0Vee3 received emdumenls n exce55 of £60.CLIQ. The total remvnerotlon pockoge recefved In the year by the h&ad of provider was.. 2￿25 2024 Gross solary Pension Benefrts in kiThJ 50,r)04 2,188 2.188 52,192 52,1&8 The heod of providerfs bos￿ sal¢Jry 15 2.312024 - 1.91 *imes Ihe medim poy ol staff. where the median pay- colculoted on o lull time equivolent basis for the salaries pad by the wovider lo ils stoll. 12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unreslricled lunds Restricted funds Totol funds INCOME AND ENDOWMENTS FROM Donotjon5 and legocies 55.156 100.000 155.156 Charflable acllvtlSes Course lees 714E58 714.858 Other Ir¢xSng o¢ll￿tieS Invèilrnènt income 11,615 16.200 11.615 16,200 797,829 100.o(N) 897.829 EXPENDITURE ON Chorilable Activities 440,902 10,400 451.302 ChorfPable athlNg5 Premises costs 73.417 73.417 Po9e 19 continued... THE AIARKFIELD INSTITVIE OF HIGHER EDVCATfoN NOTES TO IHE FINANCIAL STATEMENTS . conllnued Fw Th• Yeur Ended 31 D•e•rrtbèr 2tr25 COMPARATIVES FOR IHE sfATEMENT OF FINANCIAL ACTIVITIES. conllnved Unr8slrlcled rurKJs Resmctod fmds Totd ftmds Adthtstrollon costs Govemance c0515 170.552 12,6C() 170,552 12,600 Tolal 697.471 707 NET INCOME l(I),358 189,958 RECONCIUAIK>N OF FiINDS Told fvnd5 broughl lonwrd 21,245 164.205 185.450 TOTAL FUNDS CARRIED FORWARD 253.805 13. TANGIBLE FIXED ASSEIS HxtLJres an fitllng5 Computer eQ￿pment 101ds COST At l JaTrJary 2025 Addlth)n5 9,289 22231 31.620 653 Al 31 ttcembw ￿25 9,289 32273 DEPRECIAIION At l January 2025 Chotg9 toryeor 8,769 202 19.043 972 27,812 1.174 At 31 December 2025 20,015 28,986 NET BOOK VAiue Al 31 DecerrtJer2025 318 3287 At 31 Dgcember 2024 P(yJe 20 con11r￿￿.. IHE MARKFIEID IN5TITIITE Of HIGHER EDUCATION NOIES TO THE FINANCIAL STATEMENTS- conllnved ForThe Year Ended 31 December2VIS 14. INVESTMENT PROPERrY FAIR VAIUE At l J(N)uary 2W15 Addlllons Reyduotion 845.(h pxjmo At 31 t)ecember 2025 NET BOOK VALUE Al 31 Decombgl 2025 1,175,0(Ml At 31 D8cember2024 250,OLY) Foir 0131 Dacember 20￿ Is reptesented by.. Vall￿￿On in 2)25 Cost Bo,aoo 1,095,000 W Investment woperty had not b￿n revalued It WOLrfd knve been ir￿luded at ihe lolk)whg hislorfcol c05t.. 2025 2024 Cost 1.095.(¥X) 2X),tX)O hveslmenl rxopetly w05 valLtd on an opgn mrykel tx￿$ on 31 tkncember 2025 by Ka￿ Properly & ple￿ Properti￿. DEITORS: NMQIIN15 FAIIING DUE W￿H1N ONE YEAR 2025 2024 Tio¢Je dEbtus otherdebtors Ptgpoymgnt5 and Occfued Ir￿ome 283.094 41889 356.357 45,741 412614 546,202 FO￿ 21 conlkmjed... THE MAIIKFIELD INSTITUTE OF HIGHER EDucA￿oN NOTfS TO THE FINANCIAL STATEMENTS - ctsnllnu•d ForThe Year Ended 31 December2025 CkED170K' AAIOUNTS FALUNG DuEW￿MEN ONE YEAR 2C125 2024 Trade credllo Socld securfty and 0thg¥ loxe5 Iskmic Foundotion Pen&on cfedlor Accwcls ond dolerred 3.89? 10.777 172,375 2.041 18.962 11.267 149,15B 1,718 396,025 498,054 Included kn'Accrvols and d&16rred Inctxn&" ts d&fered COLYS& 198 Income of £283.70D12024- £365,7351. 17. IEASING AGREEMENT5 Minlmum leo$8 puyments under nonn costs tcpKffd5 the Corrpus Devek)pmenl F*oi2ct. 2Q RELATED PARIY IXSCLOSURES The MCYk￿91d knglltut8 of HighE>r EducotK)n IMIHEI h05 Trvstees In comrnon with The Founthtion IIFI. Durfng thg yerJ, MHE p(*Y £49,451 13)24 £36.5231 lo If In r￿Ped of ronl ond votiOU5 Qlhgr olli¢9 eypenses. At Ihe boknce sh￿1 dite MIHE owed IF a net amunt 01 £126.63412ffI4- £106,2381. The Apmedna Trus*- Injstees In comon The Al-Me(fino TTU51 mode cknnafion of o property 27-35 ￿ Road, ￿alhoM lo MAHE durhg the y8(T whlch wa5 vaTue5 Ot fA45,(K)012024- ￿5,oCX)). Madna Trust- trustees In CO￿non Modna Trusl mtyle o donottjn to MHE durfng1he yeorof£12.O¢J)12(r24- £12.WN)I. East Lonétyb Mosque Trust- tffusle¢s *) common MIHE made pvrch(J5es from East Lond)n Moswe Trust durfng the year of £3￿86[2024 - £IX41 rek￿l￿J to 18ntd of cla55rorxn 5pac8. Page 24 niE MARKFlfLD INSTITUTE OF HIGHER EDUCATION DETAILED STATEMENT OF FINANCIAL ACThVITIES For rhe Yety Ended 31 December2tr25 2025 2024 IIICOME AND ÈNDOWMENIS Donallon$ and legoelÈi Sponsor5hlp 5chdarshlp5 Donollon5 Oonatlon of prope 45.WO 110,156 25,81 845,[￿j0 870￿11 155,156 Olher Imdlng actmlles oth&r Income 4,842 Inyestmenl Income Rents ￿CeIVed 53.7 16,200 Charllabte act￿ Course lees Tolol IncomlThJ resou￿t$ 1,588.935 897B EXPENDtfilRE Olhei Iradlng aelMKes Wops ancl sdarifr5 Socid secLxIty costs Slaff pension5 Sludgllt recrvllment and roferrol UK bDrder control lees Scholarshlp5 P¥opgrty man¢yJement fe85 Bod debt5 421h59 34,948 12.280 393,718 28.139 12,027 1.920 10,400 1,502 4,805 4,184 475,201 45121r2 Chufftable a¢tlvMles Roles and woler Insuronce Ilght and heol Te￿ph0nts P051age ond statior￿ry Advertlsing Rent and room hlre ReFoirs ond n￿lfile￿￿e Travellhg Currfecl forword 10.198 2,251 22.214 927 944 2,3BO 16,488 15,337 4,490 75.229 9.IrK) 2.163 8,280 1.130 1,982 3.869 13.769 3,402 6.386 70.081 ThL% poge does rKJI form part of1h& slalul¢xy fi￿ClC1 slalements Poge 25 THE 41AARKFIELD INSTITUTE OF HIGHER EDVCAIION DEFAILED STATEMENT OF FINANCIAL AciivmES Foi Th* Yeur Ended 31 Dee•mbor2025 2tr25 Cl￿rItable aclhllles Broughl lo)word Accommodallon and SLbsistence Events aThJ Ceremo￿￿5 Sund￿5 Intemel a)d IT exPe￿e$ Pooks ond 5ub5copllon5 EQ￿pMent lite C19(NOng 6oN¢ chorges Voldgkn(￿ arKJ aCCTpdTtthon1ges Leuol professional FixtVTe5 ond lilllng5 depiec￿lI0n Compuler equlFKnent d&piecknNon 75.229 4,620 3,193 236 I8￿17 3,￿6 70.081 5.684 3.415 66 52,618 1.821 1.846 12.834 1,654 86.237 5,629 202 9dO 13.369 2,227 100.638 7.040 972 260x17 243.047 Svpwl ¢￿ts Gov•munce costs Audltor5' remvneratt)n Fin￿¢￿ opeiatbns mcnogem8nl 11.6 lo￿00 3,022 Tolal re59WC85 expende 750,737 707,871 Nel Income b￿Or&9￿1ns ond 1051 838,19B 189.958 leoTh5ed r•cogn15ed galns and loises Redbed g¢insll105$051 on fixed a5sel investrnents Incom? 918,198 189,9 Thi5 kxjge does not lorm pth ol Ihe stolvlory 1trK)￿￿I slalem&nts Page 26