CHARITY COMMISSION FOR ENGLAND AND WALES Trustees, Annual Report for the period From 01 Jan 2024 To 31 Dec 2024 Charity name: Peterborough Muslim Education Trust Charity registration number: 1136767 Objectives and Activities SORP reference Summary of the purposes of the charity as set out in its governing document Para 1.17 PMET aims to advance education and training for the public benefit anywhere in the world to advance and promote the teaching of Islam to Muslims and non-muslims anywhere in the world to relieve poverty anywhere in the world to establish or to secure the establishment of schools. colleges or other institutions in particular for the purposes of education and health improvement and to maintain and manage them (whether alone or in cooperation with any other person or body) in furtherance to these objectives anywhere in the world to promote any other purpose which is charitable accordin toEn lish law. PMET trade as Iqra academy, a girls on secondary school, the school has continued its upward trend of achieving high academic outcomes for its pupils, particular mention for the Syrian refugee resettlement students who have shown real progress. The trustees confirni that they have had due regard to the charity commission's guidance on public benefit when carrying out the aims and objectives of Iqra academy. In planning and delivering the charity's activities during the year, the trustees have ensured that these activities provide identifiable public benefits through the advancement of Islamic and general education, personal development of students. and the promotion of community engagement in accordance with the charity's ob'ectives. 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. Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit Para 1.17 and 1.19 Para 1.18 Additional infomiation (optional) You ma choose to include further statements where relevant about: SORP referen Para 1.38 Policy on grant making Not Applicable Para 1.38
Policy on social investment including program related investment Not Applicable Not Applicable Para 1.38 Contribution made by volunteers Not Applicable Other Achievements and Perfonnance SORP reference PMET, established in 2009, is an independent girls, secondary school with an Islamic ethos, welcoming Students of all faiths. the school continues to achieve outstanding academic results. with a 1000/0 gcse pass rate and one of the highest progress scores in the country. students benefit from a strong focus on personal development, leadership, and community service, including volunteering, mental health initiatives, and charity projects. PMET has won national awards for health and wellbeing. sport. and interfaith engagement, and is internationally recognised through the global school alliance. its partnerships with the Thomas deacon education trust, arsenal fc, and cricket east provide students with exceptional leaming and enrichment opportunities. the school continues to make a positive difference to students, lives and the wider community through excellence, faith, and service. Summary of the main achievements of the charity, identifying the difference the charity's work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. Para 1.20 Additional infonnation (optional) You ma choose to include further statements where relevant about" Achievements against objectives set Para 1.41 Performance of fundraising activities against objectives set Para 1.41 Investment performan against objectives Para 1.41 Other
Financial Review Review of the charity's financial position at the end of the period Para 1.21 For the year ended 31 December 2024, PMET recorded a gross income of £338,649 compared with £326,266 in the previous year. total expenditure, including depreciation, amounted to £340,754 (2023: £351,248}, resulting in a small net deficit of £2,105 (2023: £24,982). The trustees consider this result to be satisfactory and reflective of prudent financial management in a challenging economic environment. the increase in income demonstrates steady enrolment levels and effective cost control measures. The charity continues to operate on a sound financial footing. with sufficient cash flow to meet its short-term obligations. the trustees remain committed to maintaining strong financial governance and to reinvesting available funds into the school's facilities, learning resources. and student development ro rammes. The level of reserves is reviewed annually by the trustees to ensure that it remains appropriate and consistent with the charity's erational needs and lon -terni ob'ectives. Statement explaining the policy for holding reserves stating why they are held Amount of reserves held Reasons for holding zero reserves Para 1.22 Para 1.22 Para 1.22 The charity has not generated surplus revenues in the past due to insufficient fundraisin General Reserve Details of fund materially in deficit Explanation of any uncertainties about the charity continuing as a going concern Para 1.24 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 ma choose to include further statements where relevant about: The charity's principal sources of funds (including any fundraising) Fees from paying students GrantslDonations to pay fees for students in financial difficulty. Para 1.47 Investment policy and objectives including any social investment policy adopted Not Applicable Para 1.46 A description of the principal risks facing the charity Para 1.46 Liquidity Risk Other Not Applicable
Structure, Governance and Management Description of charity's trusts.. Type of governing document Para 1.25 Memorandum and Articles of Association How is the charity constituted? (e.g unincorporated Para 1.25 Company Limited by Guarantee Trustee selection methods 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 Para 1.25 Additional information (optional) You ma choose to include further statements where relevant about: 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 Para 1.51 Other Reference and Administrative details Charit name Other name the charit uses Re istered chari number Charity s principal address Peterborough Muslim Education Trust Iqra Academy 1136767 Enterprise Way Bretton PETERBOROUGH PE3 8YQ
Names of the charity trustees who manage the charity Dates acted if not for whole ear Trustee name Office (if any) Name of person lor body) entitled toa oint trustee ifan Saqib Rehman Tariq Nawaz Yousaf Ismail Trustee, Chair Trustee Trustee 10 12 13 14 15 16 17 18 19 20 Cor orate trustees - names of the directors at the date the re Director narne ortwasa roved Name of trustees holding title to property belonging to the charity Trustee name Dates acted if not for whole ear
Funds held as custodian trustees on behalf of others Description of the assets Not Applicable held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian chari 's ob'ects Details of arrangements for safe custody and segregation of such assets from the charit 's own assets Additional infonnation (optional) Names and addresses of advisers (Optional infomiation) Type of Name Address adviser Accountant Griffin & Sage Ltd 172 Park Road. Peterborough. PE12UF Name of chief executive or names of senior staff members (Optional information) Exemptions from disclosure Reason for non-disclosure of ke ersonnel details Other o tional information Declarations The trustees declare that they have approved the trustees, report above. Signed on behalf of the charity's trustees Signature{s) .Ih(, Dct ?4.?fj?5 16.'56..44GNft+ll Full name(s) Position (eg Secretary, Chair, etc) Saqib Rehman Trustee Date 23/1012025
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examinerfs Report Report to the trusteesldirectorsl members of Peterborough Muslim Education Trust On accounts for the year ended 31 December 2024 Charity no.: 1136767 Company no.: 7100540 Set out on pages 1-52 /rarTrnr +n invliiAa +ho ni imharo nf oAAitinnul I report to the charity trustees on my examination of the accounts of the Company for the year ended 3111212024. Responsibilities and basis of report As the charity's trustees of the Company (who are also the directors of the 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 ("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 exeded £250,000 and l 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 th 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). IER October 2018
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 rf they do not apply. Signed: Date: 2311012025 Name: Haider Ali Relevant professional qualification(s) or body (if any): Association of Chartered Certified Accountants Address: 172 Park Road Peterborough PE12UF Section B Disclosure 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. IER October 2018
Peterborough Muslim Education Trust Charity No. 1136767 Company No. 07100540 Trustees, Report and Unaudited Accounts 31 December 2024
Peterborough Muslim Education Trust Contents Pages Trustees, Annual Report Independent Examiner's Report Statement of Financial Activities Summary Income and Expenditure Account Balance Sheet Statement of Cash flows Notes to the Accounts 8t014 Detailed Statement of Financial Activities 15to16 Page I
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 2024. REFERENCE AND ADMINISTRATIVE DETAILS Company No. 07100540 Charity No. 1136767 Registered Office Iqra Academy Enterprise Way Bretton Peterborough PE3 8YQ Dirertors 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 PEI 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 IFRS 102). Signed on behalf of the board S. Rehman Trustee 21 October 2025 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 2024. Responsibilities and ba515 of report As the charity's trustees of the company (and also its directors for the purposes of company lawl 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'l. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145{51 Ibl 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 settion 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of ICEAW, 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 financi31 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 1021. 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 ICEAW Griffin & Sage Ltd 172 Park Road Peterborough PEI 2UF 21 October 2025 Page 3
Peterborough Muslim Education Trust Statement of Financial Activities for the year ended 31 December 2024 Unrestricted funds Total funds Total funds 2024 2024 2023 Notes Income and endowments from: Donations and legacies Other 338,455 194 338,455 194 325,447 819 Total 338,649 338,649 326,266 Expenditure on: Charitable activities Other 240,084 100,670 240,084 100,670 250,168 101,080 Total 340,754 340,754 351,248 Net gains on investments Net expenditure Transfers between funds {2,1051 {2,105) (24,9821 Net expenditure before other gains/llosses) {2,1051 {2,105) (24,9821 Other gains and losses Net movement in funds {2,1051 {2,105) (24,9821 Reconciliation of funds: Total funds brought forward (71,3251 171,325) (46,3431 Total funds carried forward (73,4301 173,430) (71,3251 Page 4
Peterborough Muslim Education Trust Summary Income and Expenditure Account for the year ended 31 December 2024 2024 2023 Income 338,649 326,266 Gross income for the year Expenditure 338,649 326,266 339.861 350,191 Depreciation and charges for impairment of fixed assets 893 1,057 Total expenditure for the year Net expenditure before tax for the year 340,754 351,248 (2,105) {24,9821 Net expenditure for the year (2.105) {24,9821 Page 5
Peterborough Muslim Education Trust Balance Sheet at 31 December 2024 Company No. 07100540 Notes 2024 2023 Fixed assets Tangible assets io 519 1,132 1,132 519 Current assets Debtors Cash at bank and in hand li 172,184 6,171 178,355 (252.3041 173.9491 173.4301 173,4301 147,062 3,041 150,103 (222,5601 172,4571 171,3251 171,3251 Creditors: Amount falling due within one year Net current liabilities 12 Total assets less current liabilities Net liabilities excluding pension asset or liability Total net liabilities 173,4301 171,3251 The funds of the charity Restricted funds 13 Unrestricted funds 13 General funds 173,4301 173,4301 171,3251 171,3251 Reserves 13 Total funds 173,4301 171,3251 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 2024 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 dirertors 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 21 October 2025 And signed on its behalf by: AbL iibdu113h6',Oc-.24. 2025 16.-56.-44 GMT+II S. Rehman Trustee 21 October 2025 Page 6
Peterborough Muslim Education Trust Statement of Cash flows for the year ended 31 December 2024 2024 2023 Cash flows from operating activities Net expenditure per Statement of Financial Activities {2,1051 124,9821 Adjustments for: Depreciation of property, plant and equipment Loss on disposal of tangible fixed assets Dividends, interest and rents from investments Increase in trade and other receivables 272 1,057 621 11941 125,1221 29,744 18191 131,6121 33,299 Increase in trade and other payables Net cash provided by/lused in) operating activities 3,216 123,0571 Cash flows from investing activities Payments for property, plant and equipment Dividends, interest and rents from investments 12801 194 13151 819 Net cash (used in)/from investing artivities {861 504 Net cash from financing activities Net increase/(decrease) in cash and cash equivalents 3,130 122,5531 Cash and cash equivalents at the beginning of the year 3,041 22,793 Cash and cash equivalents at the end of the year 6,171 240 Components of cash and cash equivalents Cash and bank balances 6,171 3,041 6,171 3,041 Page 7
Peterborough Muslim Education Trust Notes to the Accounts for the year ended 31 December 2024 l 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 IFRS 102} {effective I January 20151 (Charities SORP IFRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 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. These are unrestricted funds earmarked by the trustees for particular purposes. These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values. Designated funds Revaluation funds Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal. Income Recognition of income Income is included in the Statement of Financial Activities ISOFAI when the charity 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 legacies Voluntary income received by way of grants, donations and gifts is included in the 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/llossesl 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/llossesl on investment assets This includes any gain or1055 on the sale of investments. Page 8
Peterborough Muslim Education Trust Notes to the Accounts Expenditure Recognition of expenditure Expenditure is recognised on an accruals basis. Expenditure includes any VAT which 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. 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. 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. These are support costs not allocated to a particular activity. Grants payable Governance costs Other expenditure 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 proba bly 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 classif led 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 Unrestricted funds Total funds 2023 2023 Income and endowments from: Donations and legacies Other 325,447 819 325,447 819 Total 326,266 326,266 Expenditure on: Charitable activities 250,168 250,168 101,080 Other 101,080 Total 351.248 351.248 Net income 124,9821 124,982) Net income before other gains/{losses) Other gains and losses: Net movement in funds 124.9821 124,982) 124,9821 124,982) Reconciliation of funds: Total funds brought forward Total funds carried forward 146,3431 171,3251 146,343) 171,325) 4 Income from donations and legacies Unrestricted Total Total 2024 2023 Donations 78,435 260.020 338.455 78,435 260.020 338.455 122,739 202,708 325,447 Student Fees 5 Other income Unrestricted Total Total 2024 2023 Hall Hire 648 Interest Income 194 194 171 194 194 819 Page 11
Peterborough Muslim Education Trust Notes to the Accounts 6 Expenditure on charitable activities Unrestricted Total Total 2024 2023 Expenditure on charitable activities Staff & Sub-contractor Cost 238,807 238,807 219,071 Educational Material 1,277 1,277 31,097 Governance costs 240,084 240,084 250,168 7 Other expenditure Unrestricted Total Total 2024 2023 Employee costs Motor and travel costs 4,434 143 4,434 143 3,174 171 Premises costs 74,524 74,524 76,240 Amortisation, depreciation, impairment, profit/loss on disposal of fixed assets General administrative costs 893 893 1,057 18,811 1,865 100,670 18,811 1,865 100,670 14,432 6,006 101,080 Legal and professional costs 8 Net expenditure before transfers 2024 2023 This is stated after charging: Depreciation of owned fixed assets 9 Staff costs 272 1,057 2024 2023 Social security costs Pension costs 1,228 1.877 3,105 1,546 1,628 3,174 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 l January 2024 Additions Disposals At 31 December 2024 Depreciation and impairment At l January 2024 Depreciation charge for the year Disposals At 31 December 2024 49,711 280 49,711 280 139,2481 10,743 139,248) 10,743 48,579 48,579 272 272 138,6271 10,224 138,627) 10,224 Net book values At 31 December 2024 519 519 At 31 December 2023 11 Debtors 1,132 1,132 2024 2023 Trade debtors 172,184 172.184 147,062 147,062 12 Creditors: amounts falling due within one year 2024 2023 Trade creditors Other taxes and social security Other creditors Accruals 2,284 28,988 44.385 3,700 172,947 252.304 {4,869) 52,188 2,800 172,441 222,560 Deferred income 13 Movement in funds Incoming resources At31 (including other At l January gainsllosses 2024 Resources December expended 2024 Restricted funds: Unrestricted funds: General funds {71,325) 338,649 {340,754) 173,430) Total funds 171.325) 338.649 (340.754) 173,430) Page 13
Peterborough Muslim Education Trust Notes to the Accounts 14 Analysis of net assets between funds Unrestricted funds Total Fixed assets 519 519 Net current assets 173,949) 173,4301 173,949) 173,430) 15 Reconciliation of net debt At31 December At l January 2024 Cash flows 2024 Cash and cash equivalents 3,041 3,041 3,130 3,130 6,171 6,171 Net debt 3,041 3,130 6,171 16 Commitments Operating lease commitments Annual commitments under non-cancellable operating leases are as follows: 2024 2024 2023 2023 Land and Land and Other Other buildings buildings Operating leases with expiry date- Pension commitment5 2024 2023 The pension cost charge to the company amounted to.. 1,877 1,628 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 2024 Unrestricted funds Total funds Total funds 2024 2024 2023 Income and endowments from: Donations and legacies Donations 78,435 260,020 338,455 78,435 260,020 338,455 122,739 202,708 325,447 Student Fees Other Hall Hire 648 Interest Income 194 194 171 194 194 819 Total income and endowments 338,649 338,649 326,266 Expenditure on: Charitable activities Staff & Sub-contractor Cost Educational Material 238,807 1,277 240,084 238,807 1,277 240,084 219,071 31,097 250,168 Total of expenditure on charitable activities 240,084 240,084 250,168 Employee costs Employer's NIC Pension costs Staff training 1,228 1,877 1,329 4,434 1,228 1,877 1,329 4,434 1,546 1,628 3,174 Motor and travel costs Travel and subsistence 143 143 171 143 143 171 Premises costs Rent 43,100 1,618 14,722 12,826 43,100 1,618 14,722 12,826 46,800 2,611 8,302 14,449 Rates Light, heat and power Premises cleaning Premises repairs and maintenance 2,258 2,258 4,078 74,524 74,524 76,240 General administrative costs, including depreciation and amortisation Depreciation of Loss on disposal of tangible fixed assets 272 272 1,057 621 621 Bank charges 1,167 1,167 1,067 Page 15
Peterborough Muslim Education Trust Detailed Statement of Financial Activities Equipment leasing and hire charges General insurances Software, IT support and related costs 2,276 2,276 4,108 4,108 7,186 2,477 2,477 1,441 Stationery and printing Subscriptions Sundry expenses Telephone, fax and broadband 3,627 3,073 554 3,627 3,073 554 1,606 784 816 1,529 19,704 1,529 19,704 1,532 15,489 Legal and professional costs Consultancy fees Other legal and professional costs 1,650 1,650 3,960 215 215 2,046 1,865 1,865 6,006 Total of expenditure of other costs 100,670 100,670 101,080 Total expenditure 340,754 340,754 351,248 Net gains on investments Net expenditure (2,105) 12,105) {24,9821 Net expenditure before other gains/{losses) Other Gains (2,105) 12,105) {24,9821 Net movement in funds (2,105} 12,105) {24,9821 Reconciliation of funds: Total funds brought forward {71,325} {71,325} {46,3431 Total funds carried forward {73,430} {73,430} {71,3251 Page 16