Trustees’ annual report (including Directors’ report) for the period
From: 01 Jan 2023
To: 31 Dec 2023
Charity name: Peterborough Muslim Education Trust
Charity registration number: 1136767 Company number: 7100540
Objectives and activities
| Objectives and activities | Objectives and activities | Objectives and activities |
|---|---|---|
| SORP reference | ||
| Summary of the purposes of the charity as set out in its governing document Para 1.17 To Advance Education and Training for the public benefit |
||
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. Para 1.17 and 1.19 Management and operation of a faith inspired school in Peterborough. |
||
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | The trustees have had regard to the guidance issues by the Charity Commission on public benefit. |
Additional information (optional) You may choose to include further statements where relevant about:
| SORP reference | ||
|---|---|---|
| Policy on grant making | Para 1.38 | Not Applicable |
| Policy on social investment including program related investment |
Para 1.38 | Not Applicable |
| Not Applicable | ||
| Contribution made by | Para 1.38 | |
| volunteers |
Not Applicable Other
Achievements and performance
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The school has provided low-cost high-
quality education to women and girls
from faith based communities. The
Summary of the main Para 1.20 students have benefitted by achieving
achievements of the charity, exceptional grades and recognised
identifying the difference the sports performance.
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.
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Additional information (optional) You may choose to include further statements where relevant about:
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Para 1.41
Achievements against
objectives set
Para 1.41
Performance of fundraising
activities against objectives
set
Para 1.41
Investment performance
against objectives
Other
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Financial review
| Financial review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | The charity continued to rely on fundraising and loans to fund its activities. |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | The charity does not hold any reserves. |
| Amount of reserves held | Para 1.22 | NIL |
| Reasons for holding zero reserves |
Para 1.22 | The charity has not generated surplus revenues in the past due to insufficient fundraising. |
| Details of fund materially in deficit |
Para 1.24 | General reserve |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | Trustees are confident that the Charity will be able to meet its obligations using donations, fees and refinancing. |
Additional information (optional) You may choose to include further statements where relevant about:
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Fees from paying students
Grants/Donations to pay fees for
Para 1.47
The charity’s principal students in financial difficulty
sources of funds (including
any fundraising)
Not Applicable
Para 1.46
Investment policy and
objectives including any
social investment policy
adopted
Liquidity Risk
Para 1.46
A description of the principal
risks facing the charity
Not Applicable
Other
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Structure, governance and management
| Description of charity’s trusts: |
||
|---|---|---|
| Type of governing document: for example,trust deed, memorandum and articles of association etc |
Para 1.25 | Memorandum and Articles of Association |
| How is the charity constituted? |
Para 1.25 | Company Limited by Guarantee |
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for example, limited
company, unincorporated
association, CIO
Trustee selection methods Para 1.25
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees
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Additional information (optional) You may choose to include further statements where relevant about:
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Para 1.51
Policies and procedures
adopted for the induction and
training of trustees
Para 1.51
The charity’s organisational
structure and any wider
network with which the
charity works
Para 1.51
Relationship with any related
parties
Other
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Reference and administrative details
| Charity name | Peterborough Muslim Education Trust |
|---|---|
| Other name the charity uses | Iqra Academy |
| Registered charity number | 1136767 |
| Charity’s principal address | Enterprise Way Bretton PETERBOROUGH PE3 8YQ |
Names of the charity trustees who manage the charity
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Dates acted if not for whole Name of person (or body) entitled
Trustee name Office (if any)
year to appoint trustee (if any)
1 Saqib Rehman Trustee, Chair
2 Tariq Nawaz Trustee
3 Yousaf Ismail Trustee
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
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– Corporate trustees names of the directors at the date the report was approved
Director name
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Name of trustees holding title to property belonging to the charity
Trustee name Dates acted if not for whole year
Funds held as custodian trustees on behalf of others
| Description of the assets held in this capacity |
Not Applicable |
|---|---|
| Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects |
|
| Details of arrangements for safe custody and segregation of such assets from the charity’s own assets |
Additional information (optional)
Names and addresses of advisers (optional information)
| Type of | Name | Address |
|---|---|---|
| adviser | ||
| Accountant | Griffin & Sage Ltd | 172 Park Road, Peterborough, PE1 2UF |
| Name of chief executive or names of senior staff members (optional information) |
Exemptions from disclosure
Reason for non-disclosure of key personnel details
Other optional information
Declarations
The company has taken advantage of the small companies’ exemption in preparing the report above.
The trustees declare that they have approved the trustees’ report (including directors’ report) above.
Signed on behalf of the charity’s trustees/directors
Signature(s) Full name(s) Saqib Rehman Position (for example Chair Secretary, Chair, etc) Date 11/10/2024
Peterborough Muslim Education Trust
Charity No. 1136767
Company No. 07100540
Trustees' Report and Unaudited Accounts
31 December 2023
Peterborough Muslim Education Trust Contents
| Pages | ||
|---|---|---|
| Trustees' Annual Report | 2 | |
| 3 | ||
| Statement of Financial Activities | 4 | |
| Summary Income and Expenditure Account | 5 | |
| Balance Sheet | 6 | |
| Statement of Cash flows | 7 | |
| Notes to the Accounts | 8 to | 14 |
| Detailed Statement of Financial Activities | 15 to | 16 |
Page 1
Peterborough Muslim Education Trust Trustees Annual Report
The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 31 December 2023.
REFERENCE AND ADMINISTRATIVE DETAILS
Company No. 07100540
Charity No. 1136767
Registered Office
Iqra Academy Enterprise Way Bretton Peterborough PE3 8YQ
Directors and Trustees
The Directors of the charitable company are its Trustees for the purposes of charity law.
The following Directors and Trustees served during the year:
Y. Ismail
T. Nawaz
S. Rehman
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Accountants
Griffin & Sage Ltd 172 Park Road Peterborough PE1 2UF
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).
Signed on behalf of the board
S. Rehman Trustee 26 September 2024
Page 2
Peterborough Muslim Education Trust Independent Examiners Report
Independent Examiner's Report to the trustees of Peterborough Muslim Education Trust
I report to the charity trustees on my examination of the financial statements of Peterborough Muslim Education Trust for the year ended 31 December 2023.
Responsibilities and basis of report
As the charity's trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act.
Having satisfied myself that the financial statements of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's financial statements as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner's statement
As the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ICAEW, which is one of the listed bodies.
I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in accordance with section 386 of the 2006 Act ; or
-
the financial statements do not accord with those records; or
-
the financial statements do not comply with the accounting requirements under section 396 of the 2006 Act other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination; or
-
the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Haider Ali ICAEW Griffin & Sage Ltd 172 Park Road Peterborough
PE1 2UF 26 September 2024
Page 3
Peterborough Muslim Education Trust Statement of Financial Activities
for the year ended 31 December 2023
| Notes Income and endowments from: Donations and legacies 4 Other 5 Total Expenditure on: Charitable activities 6 Other 7 Total Net gains on investments Net (expenditure)/income 8 Transfers between funds Net (expenditure)/income before other gains/(losses) Other gains and losses Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
Unrestricted funds 2023 £ 325,447 819 |
Total funds 2023 £ 325,447 819 |
Total funds 2022 £ 432,749 3,965 |
|---|---|---|---|
| 326,266 250,168 101,080 |
326,266 250,168 101,080 |
436,714 249,462 107,941 |
|
| 351,248 - |
351,248 - |
357,403 - |
|
| (24,982) - |
(24,982) - |
79,311 - |
|
| (24,982) | (24,982) | 79,311 | |
| (24,982) (46,343) |
(24,982) (46,343) |
79,311 (125,654) |
|
| (71,325) | (71,325) | (46,343) |
Page 4
Peterborough Muslim Education Trust Summary Income and Expenditure Account
for the year ended 31 December 2023
| Income Gross income for the year Expenditure Depreciation and charges for impairment of fixed assets Total expenditure for the year Net (expenditure)/income before tax for the year Net (expenditure )/income for the year |
2023 £ 326,266 326,266 350,191 1,057 351,248 (24,982) (24,982) |
2022 £ 436,714 |
|---|---|---|
| 436,714 | ||
| 356,015 1,388 |
||
| 357,403 | ||
| 79,311 | ||
| 79,311 |
Page 5
Peterborough Muslim Education Trust Balance Sheet
at 31 December 2023
| Company No. 07100540 Notes 2023 £ Fixed assets Tangible assets 10 1,132 1,132 Current assets Debtors 11 147,062 Cash at bank and in hand 3,041 150,103 Creditors:Amount falling due within one year 12 (222,560) Net current liabilities (72,457) Total assets less current liabilities (71,325) Net liabilities excluding pension asset or liability (71,325) Total net liabilities (71,325) The funds of the charity Restricted funds 13 Unrestricted funds 13 General funds (71,325) (71,325) Reserves 13 Total funds (71,325) |
2022 £ 1,874 |
|---|---|
| 1,874 115,450 22,793 |
|
| 138,243 (186,460) |
|
| (48,217) (46,343) |
|
| (46,343) | |
| (46,343) | |
| (46,343) | |
| (46,343) | |
| (46,343) |
These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
For the year ended 31 December 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
Approved by the board on 26 September 2024
And signed on its behalf by:
S. Rehman Trustee 26 September 2024
Page 6
Peterborough Muslim Education Trust Statement of Cash flows for the year ended 31 December 2023
| Cash flows from operating activities Net (expenditure)/income per Statement of Financial Activities Adjustments for: Depreciation of property, plant and equipment Dividends, interest and rents from investments Increase in trade and other receivables Increase in trade and other payables Net cash (used in)/provided by operating activities Cash flows from investing activities Payments for property, plant and equipment Dividends, interest and rents from investments Net cash from investing activities Net cash from financing activities Net (decrease)/increase in cash and cash equivalents Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year Components of cash and cash equivalents Cash and bank balances |
2023 £ (24,982) 1,057 (819) (31,612) 33,299 (23,057) (315) 819 504 - (22,553) 22,793 240 3,041 3,041 |
2022 £ 79,311 - (3,965) (115,450) 186,461 |
|---|---|---|
| 146,357 - 3,965 |
||
| 3,965 | ||
| - | ||
| 150,322 | ||
| - | ||
| 150,322 | ||
| 22,793 | ||
| 22,793 |
Page 7
Peterborough Muslim Education Trust Notes to the Accounts
for the year ended 31 December 2023
- 1 Accounting policies
Basis of preparation
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Change in basis of accounting or to previous accounts
There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.
Fund accounting
-
Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
-
Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.
-
Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.
Income
-
Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
-
Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income.
-
Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.
Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets
Page 8
Peterborough Muslim Education Trust Notes to the Accounts
Expenditure
-
Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
-
Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
-
Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
-
Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
-
Other expenditure These are support costs not allocated to a particular activity.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Freehold investment property
Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.
Stocks
Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.
Trade and other debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
Trade and other creditors
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
Page 9
Peterborough Muslim Education Trust Notes to the Accounts
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Foreign currencies
Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period.
Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.
All exchange differences are are taken into account in arriving at net income/expenditure.
Leased assets
Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.
Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.
Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.
Assets held under finance leases are depreciated in the same way as owned assets.
Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.
Pension costs
The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
Receipt of donated goods, facilities and services
All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.
2 Company status
The company is a private company limited by guarantee and consequently does not have share capital.
Page 10
Peterborough Muslim Education Trust Notes to the Accounts
3 Statement of Financial Activities - prior year
| 3 Statement of Financial Activities - prior year |
|||
|---|---|---|---|
| Income and endowments from: Donations and legacies Other Total Expenditure on: Charitable activities Other Total Net income Net income before other gains/(losses) Other gains and losses: Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward 4 Income from donations and legacies Donations Student Fees 5 Other income Hall Hire Interest Income |
Unrestricted £ 122,739 202,708 325,447 Unrestricted £ 648 171 819 |
Unrestricted funds 2022 £ 432,749 3,965 436,714 249,462 107,941 357,403 79,311 79,311 79,311 (125,654) (46,344) Total 2023 £ 122,739 202,708 325,447 Total 2023 £ 648 171 819 |
Total funds 2022 £ 432,749 3,965 |
| 436,714 249,462 107,941 |
|||
| 357,403 | |||
| 79,311 | |||
| 79,311 | |||
| 79,311 (125,654) |
|||
| (46,344) | |||
| Total 2022 £ 235,629 197,120 |
|||
| 432,749 | |||
| Total 2022 £ 3,850 115 |
|||
| 3,965 |
Page 11
Peterborough Muslim Education Trust Notes to the Accounts
6 Expenditure on charitable activities
| Expenditure on charitable activities Staff & Sub-Contractor Cost Educational Material Governance costs 7 Other expenditure Employee costs Motor and travel costs Premises costs Amortisation, depreciation, impairment, profit/loss on disposal of fixed assets General administrative costs Legal and professional costs 8 Net (expenditure)/income before transfers This is stated after charging: Depreciation of owned fixed assets 9 Staff costs Social security costs Pension costs |
Unrestricted £ 219,071 31,097 250,168 Unrestricted £ 3,174 171 76,240 1,057 14,432 6,006 101,080 2023 £ 1,057 2023 1,546 1,628 3,174 |
Total 2023 £ 219,071 31,097 250,168 Total 2023 £ 3,174 171 76,240 1,057 14,432 6,006 101,080 |
Total 2022 £ 224,281 25,181 |
|---|---|---|---|
| 249,462 | |||
| Total 2022 £ 2,421 1,453 81,716 1,388 15,450 5,513 |
|||
| 107,941 | |||
| 2022 £ 1,388 2022 1,028 1,188 |
|||
| 2,216 |
No employee received emoluments in excess of £60,000.
Page 12
Peterborough Muslim Education Trust Notes to the Accounts
10 Tangible fixed assets
| Cost or revaluation At 1 January 2023 Additions At 31 December 2023 Depreciation and impairment At 1 January 2023 Depreciation charge for the year At 31 December 2023 Net book values At 31 December 2023 At 31 December 2022 11 Debtors Trade debtors 12 Creditors: amounts falling due within one year Other taxes and social security Other creditors Accruals Deferred income 13 Movement in funds Restricted funds: Unrestricted funds: General funds Total funds |
At 1 January 2023 (46,343) (46,343) |
2023 £ 147,062 147,062 2023 £ (4,869) 52,188 2,800 172,441 222,560 Incoming resources (including other gains/losses ) £ 326,266 326,266 |
£ 49,396 315 49,711 47,522 1,057 48,579 1,132 1,874 Resources expended £ (351,248) (351,248) |
£ 49,396 315 |
|---|---|---|---|---|
| 49,711 | ||||
| 47,522 1,057 |
||||
| 48,579 | ||||
| 1,132 | ||||
| 1,874 | ||||
| 2022 £ 115,450 |
||||
| 115,450 | ||||
| 2022 £ 8,427 61,547 (1) 116,487 |
||||
| 186,460 | ||||
| At 31 December 2023 £ (71,325) |
||||
| (71,325) |
Page 13
Peterborough Muslim Education Trust Notes to the Accounts
14 Analysis of net assets between funds
| Analysis of net assets between funds | ||
|---|---|---|
| Fixed assets Net current assets |
Unrestricted funds £ 1,132 (72,457) (71,325) |
Total £ 1,132 (72,457) |
| (71,325) |
15 Reconciliation of net debt
| Cash and cash equivalents Net debt |
At 1 January 2023 £ |
Cash flows £ |
At 31 December 2023 £ |
|---|---|---|---|
| 22,793 | (19,752) | 3,041 | |
| 22,793 22,793 |
(19,752) (19,752) |
3,041 | |
| 3,041 |
16 Commitments
Operating lease commitments
Annual commitments under non-cancellable operating leases are as follows:
| 2023 | 2023 | 2022 | 2022 | |
|---|---|---|---|---|
| Land and buildings |
Other | Land and buildings |
Other | |
| £ | £ | £ | £ | |
| Operating leases with expiry date: | ||||
| Pension commitments | ||||
| 2023 | 2022 | |||
| £ | £ | |||
| The pension cost charge to the company | ||||
| amounted to: | 1,628 | 1,188 |
17 Related party disclosures
Controlling party
The company is limited by guarantee and has no share capital; thus no single party controls the company.
Page 14
Peterborough Muslim Education Trust Detailed Statement of Financial Activities
for the year ended 31 December 2023
| Income and endowments from: Donations and legacies Donations Student Fees Other Hall Hire Interest Income Total income and endowments Expenditure on: Charitable activities Staff & Sub-Contractor Cost Educational Material Total of expenditure on charitable activities Employee costs Employer's NIC Pension costs Staff entertainment Staff training Motor and travel costs Vehicles - General costs Travel and subsistence Premises costs Rent Rates Light, heat and power Premises cleaning Premises repairs and maintenance General administrative costs, including depreciation and amortisation Depreciation of Bank charges |
Unrestricted funds 2023 £ 122,739 202,708 325,447 648 171 819 326,266 219,071 31,097 250,168 250,168 1,546 1,628 - - 3,174 - 171 171 46,800 2,611 8,302 14,449 4,078 76,240 1,057 1,067 |
Total funds 2023 £ 122,739 202,708 325,447 648 171 819 326,266 219,071 31,097 250,168 250,168 1,546 1,628 - - 3,174 - 171 171 46,800 2,611 8,302 14,449 4,078 76,240 1,057 1,067 |
Total funds 2022 £ 235,629 197,120 |
|---|---|---|---|
| 432,749 | |||
| 3,850 115 |
|||
| 3,965 | |||
| 436,714 224,281 25,181 |
|||
| 249,462 | |||
| 249,462 1,028 1,188 163 42 |
|||
| 2,421 | |||
| 209 1,244 |
|||
| 1,453 | |||
| 51,260 4,058 11,346 11,532 3,520 |
|||
| 81,716 | |||
| 1,388 888 |
Page 15
Peterborough Muslim Education Trust Detailed Statement of Financial Activities
| General insurances Software, IT support and related costs Stationery and printing Subscriptions Sundry expenses Telephone, fax and broadband Legal and professional costs Consultancy fees Other legal and professional costs Total of expenditure of other costs Total expenditure Net gains on investments Net (expenditure)/income Net (expenditure)/income before other gains/(losses) Other Gains Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
7,186 1,441 1,606 784 816 1,532 15,489 3,960 2,046 6,006 101,080 351,248 - (24,982) (24,982) - (24,982) (46,343) (71,325) |
7,186 1,441 1,606 784 816 1,532 15,489 3,960 2,046 6,006 101,080 351,248 - (24,982) (24,982) - (24,982) (46,343) (71,325) |
5,637 2,122 1,488 1,815 2,119 1,381 |
|---|---|---|---|
| 16,838 | |||
| 3,960 1,553 |
|||
| 5,513 | |||
| 107,941 | |||
| 357,403 - |
|||
| 79,311 | |||
| 79,311 - |
|||
| 79,311 | |||
| (125,654) | |||
| (46,343) |
Page 16
Independent examiner's report on the accounts
Section A Independent Examiner’s Report
| Report to the trustees/directors/ |
Charity Name Peterborough Muslim Education Trust |
|
|---|---|---|
| members of | ||
| On accounts for the year | 31 December 2023 | |
| ended | ||
| Charity no.: 1136767 Company no.: |
7100540 | |
| Set out on pages | 1-52 | |
| (remember to include the page numbers of additional sheets) | ||
| I report to the charity trustees on my examination of the accounts of the | ||
| Company for the year ended31/12/2023. | ||
| Responsibilities and | As the charity’s trustees of the Company (who are also the directors of the | |
| basis of report | company for the purposes of company law), you are responsible for the | |
| preparation of the accounts in accordance with the requirements of the | ||
| Companies Act 2006 (“the 2006 Act”). | ||
| Having satisfied myself that the accounts of the Company are not required | ||
| to be audited for this year under Part 16 of the 2006 Act and are eligible for | ||
| independent examination, I report in respect of my examination of your | ||
| charity’s accounts as carried out under section 145 of the Charities Act 2011 | charity’s accounts as carried out under section 145 of the Charities Act 2011 | |
| (“the 2011 Act”). In carrying out my examination, I have followed the | ||
| Directions given by the Charity Commission (under section 145(5)(b) of the | ||
| 2011 Act. | ||
| Independent examiner's statement |
The company’s gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of Association of |
|
| Chartered Certified Accountants. | ||
| I have completed my examination. I confirm that no material matters have | ||
| come to my attention (other than that disclosed below *) which gives me | ||
| cause to believe that: | ||
| • accounting records were not kept in accordance with section 386 of the | ||
| Companies Act 2006; or |
- the accounts do not accord with such records; or • the accounts do not comply with relevant accounting requirements under section 396 of the Companies Act 2006 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination: or •the accounts have not been prepared in accordance with the Charities SORP (FRS102).
October 2018
1
IER
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
- Please delete the words in the brackets if they do not apply.
Signed: Date: 11/10/2024
Name: Haider Ali
Relevant professional Association of Chartered Certified Accountants qualification(s) or body (if any):
Address: 172 Park Road Peterborough
PE1 2UF
Section B Disclosure ~~es~~ Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
Give here brief details of any items that the examiner wishes to disclose .
October 2018
2
IER