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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|||
##
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|Trustees'
report|Trustees'
report|||
|---|---|---|---|
|Independent|auditoCs report|||
|Consolidated|statement|offinancial|acfivtties|
|Balance sheet||||
|Consolidated|statement|ofcash flows||
|Notes to the|snancial statements|||
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|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||
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||||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|
##
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||||||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.||||
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|||||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||
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||||||||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|
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|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|
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|||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|
|8
I||||ID
CDO|O
ID||C0
ED
C0
C0
E0|I
a
CD|C0|O
O
ID|
|---|---|---|---|---|---|---|---|---|---|---|
|||||CD|||||IO||
|II||||O|||||||
|||||IXI|||||||
|Z
Cl||||CDO
N|||||||
|00RD
0
0
0|0
Dl
0
E|||||C0
I|||||
|IL|||||||||||
|||||N|ID||||||
|0|g|||EO|||||||
|'0|'0|III|DI|||||||C0|
|||0|||||||||
|||||||||||IDl0|
|20
Ci
0 0rr|||||||||||
|IL|0||||||||||
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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|
##
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|19|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|
##
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##
|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|
##
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##
|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.||||