2022-03-31-accounts - Yusuf Islam Foundation

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		Mrs Fawziah Islam
		Mr Yusuf islam
		DrAbdulkanm Khalii
		Mr Shabir Randeree
		Mr Muhammad Yoriyos Adamos
Group Chief Executive Officer		Mrs Hasana Islam
Char!ty number		1134513
Company	number	07055355
Registered	office	The Maqam Cenke
		Tiverton Road
		London
		NW10 3HJ
		AMS Aocountants	Corporate	Umited
		Chartered Accountants
		Statutory Auditor
		Floor 2
		9Portland Street
		Manchester
		M1 3BE
Bankers		HSBC Bank UK PLC
		50-52 Kilburn High	Road
		London
		NW6 4HJ
Investment	managers	Al Rayan Bank
		Whitechapel Branch
		97-99Whitechapel	Road
		London
		E11DT

Trustees' report	Trustees' report
Independent	auditoCs report
Consolidated	statement	offinancial	acfivtties
Balance sheet
Consolidated	statement	ofcash flows
Notes to the	snancial statements

risk register a	risk register a	nd inve	stment	policy	is	in place	with th	with th	e prin	cipal risks being	;
a of Risk						otenfisl	Risk				Mitigation/Treatment
saith and	Safely {H&S}obligations				&	iree 8 any		other building snd			paint a dedicated full fime Property
esponsibiliTies		for residential		&		ropeity	seniice		related fault		Manager / Property Management
mmerdai	tenants and schools										ent to manage the complete
											property portfolio. Ajob specification
											hss been prepared.
nveslment	Properties		Income			Downturn	in	rental income generation			Employing ths services ofa Properly
											anagement Agent to ensure Ihat
											nvestment properties are fully
											ccupied and that rents received	are at
											least at market/budgeted rates.
tudent Fee Income						Asignifican		reduction		in student	concerted programme of	medi
						intake impacting			on school fee income		advertbing and open days to	stlrac
											nts to our schools.
											ss the fees charged snd work on projected forecast which covers a 5-
											er period
Investment	Property Values					Downturn	in	the	property market		By looking to broaden the investment
						affecbng	invesbnent properiy values				portfolio

			Unresb icted	Restricted	Total	Unrestricted	Restricted	Total
			funds	funds		funds	funds
	Nates		2022f	2022 6		2021 6	2021 6
Income and endowments		from
Donations and legacies			407,730	14,054	421,784	533,091	282,497	815,588
Charitable activities			1,600,632		1,600,632	1,622,333		1,622,333
Other trading activities			124,524		124,524
Investments			384,971		384,971	412,494		412,494
Other income			70		70	88,269		88,269
Total income			2,517,927	14,054	2,531,981	2,656,187	282,497	2,938,684
enditure on:
Raising funds		8	{244,468)		(244,468)	(165,126)		(165,126)
Charitable activities		9	(2,529,496)		(2,529,496)	(2,578,804)	(69,573)	(2,648,377)
Total resources
expended			(2,773,694)		(2,773,964)	{2,743,930)	(69,573)	(2,813,503}
Net gains/(losses)	on
investments		16				(200,958)		{200,958)
Net
(outgoing)/Incoming
resources before			(256,037)	14,054	(241,983)	{288,701)	212,924	(75,777)
Gross transfers
between funds						110,026	(110,026)
Nst (expenditure}/income		for
the year/
Net movement in	funds		(256,037)	14,054	(241,983)	(178,675)	102,898	(75,777}
Fund balances brought
forward			22,312,846	180,934	22,493,780	22,491,520	78,037	22,569,557
Fund balances carried
forward			22,056,809	194,988	22,251,797	22,312,845	180,935	22,493,780

					Group			Charity
					2022	2021		2022	2021
			Notes		6	6
Fixed assets
Tangible fixed
assets				15	13,578,112	13,556,050	13,674,156		13,657,662
investment
properties				16	6,980,000	6,980,000		6,980,000	6,980,000
investments				17				200	200
					20,558.112	20,536,050	20,654,356		20,637,882
Current assets
Stock				18	29,532	29,532		29,532	29,532
Debtors				19	382,782	604,982		168,340	312.604
Cash at bank and in hand					2,527,843	2,572,338		1,690,519	1,636,468
					2,940,157	3,206,852		1,888,391	1,978,601
Creditors:	amounts	falling	due within
one year				20	(1,142,472)	(1,184,772)		(415,074)	(235,579)
Net current	assets				1,797,685	2,022,080		1,473,317	1,743,022
Total assets less current liabilities					22,355,797	22,558,130	22,127,673		22,380,884
Creditors:	amounts	falling	due after
more than	one year			21	(104,000)	(64,350)
Net assets					22,251,797	22,493,780	22,127,673		22,380,884
Income funds
Restricted	funds				194,988	180,935		173,690	159,636
Unrestricted	funds				22,056,809	22,312,845		22.953,983	22,221,248
Net assets					22,251,797	22,493,780		22,127,673	22,505,355
The income	and deficit of the		parent charity for the year for Companies Act purposes					is F857,946 and 6246,597degcit
respectively	(2021:51,323,612 and 6127,773 deficit). As permitted by Section 408 of the Companies Act 2006, no
separate statement ofgnancial adivities				is presented in respect		ofthe parent charily.

				2022	2021
				8
	School fees		receivable	1,600,632	1,622,333
5	Other trading ac6viges
				Unrestricted	Unrestricted
				funds	funds
					2021
					9
	Publishing	royalties		124,524
				124,524
6	Investments
				Unrssb icted	Unrestricted
				funds	funds
					2021
	Rental income			371,984	393,460
	Investment		income	12,987	19,034
				384,971	412,494

Other incom	e
		Unrestricted	Unresbicted
		funds	funds
		2022	2021
			F
Government	grants		35,000
Coronavirus	job retention scheme grants		52,736
Sundry inoome		70	533
		70

							Unrestricted	Unrestricted
							funds	funds
							2022	2021
								F
	Fundraisin		and	ublic'
	Raising donations							35,473
	Trades
	Music publishing			trading		costs	93,393	61,616
	Property trading costs						66,203	46,332
	Trading costs						159,596
	Investment		management			costs	84,872	103,510
							244,468	165,126
9	Charitable		acttviges
							Acgvidss	Activities
							undertaken	undertaken
							directly	directly
							2022	202'i
							f.	6
	Teaching						1,295,655	1,433,355
	Promotional		work				570,616	573,244
	Community		centre				1,732	34,909
	Other						359,962	301,857
							2,648,377	2,648,377
	Share ofsupport			costs		(see nate 10)	184,698	215,276
	Share afgavemsnos				costs (ses note 10)		116,834	89,736
							301,532	305,012
	Analysis	by fund
	Unrestricted		funds				2.529,497	2,578,804
	Restricted		funds					69,573
							2,529,497	2,648,377

Support 8	Governance	costs
		Support	Governance	2022	Support	Governance	2021
		costs	costs		costs	costs
			E	E	E	E	E
Teaching		55,008	10,723	65,731	57,115	34,245	91,360
Promotional	work	117,075	36,516	153,591	147,926	3,073	150.999
Community	Centre	4,500		4,500	4,500		4,500
Other		8.115	69,594	77,709	5,735	50,272	55,980
		184,698	116,833	301,531	215,726	89,763	305.012

Auditof s remuneration	Auditof s remuneration
The analysis ofauditor's remuneration		isas follows:
Fees payable tothe	charity's auditor	and associates:	2022	2021
			E	E
Audit ofthe charity's	annual accounts		13,250	13,250
Other services tothe group
-the audit ofthe charity's subsidiaries			12,750	12,750
Total audit fees			26,000	26,000
Nonwudit services
Taxation compliance	services		1,500	1,500

		Group		Charity
		2022	2021	2022	2021
		Number	Number	Number	Number
Teaching stalf		30	32
Support staff		10	10
Management		4	5
Security		3	3
Employment	costs	Group		Charity
		2022	2021	2022	202'i
		6		8	9
Wages and salaries		1,171,461	1,290,675	147,360	243,500
Social security	costs	93,820	108,879	13,019	23,542
Other pension	costs	30,374	33,801	4,635	7,393
		1,295,655	1,433,355	165,014	274,435

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	would h	ave	been induded	as follows:					,
									2022	2021
									8
	Cost							6,762,078		6,762,078
	Accumulated		depreciafion
	Carrying	amount						6,762,078		6,762,078
17	Fixed asset		Investments
							Group		Charity
							2022	2021	2022	2021
								6	5	5
	Inveshnents		in subsidiaries						200	200
									200	200
	Details ofthe company's			subsidiaries	at31 March 2022		are as follows,	all subsidiaries	are held at	cost:
	Name of	undestaklns			Reaistemd oflice				Class of	%Held
									shares held	Direct
	Macamat	Ltd			131bSalusbuty	Road, London, NW6		6RG	Ordinary	100.00
	Firecst Music Ltd				131bSalusbury	Road, London, NW6		6RG	Ordinary	100.00
	Islamia Schools Ltd				131bSalusbury	Road, London, NWS		6RG	Ordinary	100.00
18	Stocks
							Group		Charity
							2022	2021 f	2022 f	2021 6
	Finished	goods and goods for resale					29,532	29,532	29,532	29,532

Debtors
				Group		Charity
				2022	2021	2022	2021
Amounts	fatling due within		one year:	6	6	6
Trade debtors				333,420	436,295	64,038	106,285
Amounts	owed by subsidiary		undertakings			67,606	61,385
Other debtors				20,071	99,753	10,753	2,003
Prepayments		and accrued income		29,291	68,934	25,943	142,928
				382,782	604,982	168,340	312,601

20	Creditors: amounts		falling	dus within one year
					Group		Charity
					2022	2021	2022	2021
					E	E	E
	Other taxafion end social security				34,614	29,973	9,921	13,007
	Trade creditors				99,790	107,873	40,349	38,280
	Other creditors				252,584	264,866	64,451
	Accruais and deferred		income		745,484	782,060	65,230	86.948
	Amounts owed to subsidiary			undertakings			235,121	32,900
					1,142,472	1,184,772	415,702	235,579
21	Creditors: amounts		falling	due alter more than	one year
					Group		Charity
					2022	2021	2022	2021
					E	E	E	E
	Student refundable	deposits			104,000	64,350
23	Retirement benefit	schemes

Analysis o	fnet assets b	etween funds
		Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
		funds	funds		funds	funds
		2022	2022	2022	2021	2021	2021
		E	E	E	E		E
Fund balances at 31
March 2022 are
represented	by:
Tangible assets		13,578,112		13,578,112	13,556,050		13,556,050
Investment	properbes	6,980,000		6,980,000	6,980,000		6,980,000
Current assets/{liabfiities)
		1.602.697	194,988	1,797,685	1,841,145	180,935	2,022,080
Long term	liabilities	(104,000)		{104.000)	(64,350)		(64,350)
		20,056,809	194,988	22,251,797	22,312,845	180,935	22,493,780

26	Cash generated from operations	Cash generated from operations		2022 6	2021f
	Surplus/{deficit) forthe year			(241,983)	(75,777)
	Adjustments for:
	Investment income recognised in statement offinancial Depreciation and impairment cftangible fixed assets		activities	(384,971) 19,437	(412,494) 20,126
	Fair value gains and losses on	investments			200,958
	Movements in working capitak
	(Increase) in stocks				{534)
	(Increase)/decrease in debtors			298,239	(483,615)
	Increase in creditors			(78,689)	63,448
	Cash absorbed by operations			(387,967)	(687,888)
27	Analysis ofchanges in net funds
	The charity had no debt during	the year.