## **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**
**----- Start of picture text -----**
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.
**----- End of picture text -----**
## **Additional information (optional)** You may choose to include further statements where relevant about:
**----- Start of picture text -----**
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
**----- End of picture text -----**
## **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:
**----- Start of picture text -----**
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
**----- End of picture text -----**
## **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**|
**----- Start of picture text -----**
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
**----- End of picture text -----**
**Additional information (optional)** You may choose to include further statements where relevant about:
**----- Start of picture text -----**
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
**----- End of picture text -----**
## **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**
**----- Start of picture text -----**
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
**----- End of picture text -----**
## – Corporate trustees names of the directors at the date the report was approved
## **Director name**
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
## **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 ended**31/12/2023**.||
|**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**