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
/rarT￿rn￿r +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 ex￿eded £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