**REGISTERED COMPANY NUMBER: 07518382 (England and Wales) REGISTERED CHARITY NUMBER: 1147480** ## **TRUSTEES' REPORT AND** ## **FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 30TH JUNE 2021** ## **FOR** ## **THE IMAM MUHAMMAD ADAM FOUNDATION** **THE IMAM MUHAMMAD ADAM FOUNDATION CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2021** **----- Start of picture text -----**
Page
Reference and Administrative Details 1
Trustees' Report 2 to 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Statement of Financial Position 7
Statement of Cash Flows 8
Notes to the Statement of Cash Flows 9
Notes to the Financial Statements 10 to 16
**----- End of picture text -----**
**THE IMAM MUHAMMAD ADAM FOUNDATION REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 30TH JUNE 2021** **TRUSTEES** Mr Yusuf Ismail Delair Teacher Mr Ismail Ahmed Sader Manager Mr Fahim Ismail Sader Imam **REGISTERED OFFICE** 372 East Park Road Leicester Leicestershire LE5 5AY **REGISTERED COMPANY NUMBER** 07518382 (England and Wales) **REGISTERED CHARITY NUMBER** 1147480 **INDEPENDENT EXAMINER** Watergates Ltd 109 Coleman Road Leicester LE5 4LE -1- **THE IMAM MUHAMMAD ADAM FOUNDATION** ## **TRUSTEES' REPORT FOR THE YEAR ENDED 30TH JUNE 2021** The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30th June 2021. The trustees have adopted the provisions of 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 2019). ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and aims** The Imam Muhammad Adam Foundation is a non-profit organisation working to transform the lives of people from all walks of life. As a charity informed by broad Islamic values, we believe that a quality education is essential for the progression of society as a whole. Our aims are to help pupils recognise their true potential and to unearth the true talents possessed by each pupil academically, morally and spiritually, through the advancement of education in children and young people so that they are able to take a place in society as mature, discerning and caring adults. We strive to build a strong sense of community within the school looking to achieve this through the many events organised throughout the year. The achievement of these aims and the evidence of the success of the pupils will enable us to further our efforts to take on more pupils and assist the wider community even further as we grow. The charities objectives are: To utilise specialised teaching methods to teach children up to 16 years old. All students feel they have a better understanding of the Islamic faith. All students succeed and achieve academic qualifications which are at least in line with national rates of progression. To advance education for the benefit of the poor, the underprivileged and the general public by means of, but not exclusively, the provision or the assistance in the provision of educational activities and facilities; such as schools, libraries and training centres. We seek to achieve this through good foundations and teachers; giving them the support that they need. To relieve financial hardship, distress and suffering among poor people, widow, orphans, refugees, victims of natural disasters and other people in need, by means of, but not exclusively, making grants or loans for providing or paying for equipment, services and facilities, including the provision for food, water, clothing, medical treatment, rehabilitation and accommodation for the said persons. To advance the religion of Islam, by means of but not exclusively, promoting the teachings and tenets of Islam, provision of facilities for worship, provision of facilities for Islamic education and counselling, in accordance with the teachings of the Quraan and the prophet Muhammad (PBUH) as defined and interpreted by the Ahle-Sunnah-Wal-Jamaa-Ah to help young people, especially but not exclusively, through leisure time and recreational activities, so as to develop their capabilities that they grow to full maturity as individuals and as good citizens. ## **Significant activities** The charity carries out Islamic education in pursuance of its charitable aims. The trustees consider that this has provided benefit both to those who study at their centre and wider community of Leicester. The charity also carries out academic education inclusive of different sciences, as part of its objective of supporting the success of pupils. Fundraising and advertising is carried out by way of conferences and presentations. Training and enhancement programmes are arranged for the wider community, as well extra-curricular activities for children. -2- **THE IMAM MUHAMMAD ADAM FOUNDATION** **TRUSTEES' REPORT FOR THE YEAR ENDED 30TH JUNE 2021** ## **OBJECTIVES AND ACTIVITIES** ## **Public benefit** The trustees have given due consideration to the Charity Commission's published guidance on the Public Benefit requirement. ## **STRATEGIC REPORT** ## **Achievement and performance** Results at the schools continue to remain outstanding as demonstrated by the excellent GCSE outcomes. Pupil recruitment has been strong with both schools being over-subscribed. Attendance records for pupils are over 96%. Positive feedback from parents is also received which illustrates the achievements of the charity. Those that have studied at the foundation have become assets to their local communities. Ongoing fundraising activities present an opportunity to enhance the education resources and facilities. As a result of its achievements, the charity has been given the ability to assist the wider community through counselling services. The trustees consider that this has provided benefit both to those who study at their centre and wider community of Leicester. ## **Financial review** ## **Financial position** Incoming resources for the period amounted £593,883 (2020 : £577,416) and resources expended were £625,087 (2020: £599,970) thus generating a deficit of £31,204 (2020 : £22,554 deficit). There are no known factors that are likely to affect the financial performance or position of the charity in the foreseeable future. No significant events have occurred that have impacted the financial performance or position of the charity. ## **Principal funding sources** The principle source of income is fees; accounting for the significantly largest portion of the school's income. The trustees are continuing the strategy of deploying all net incoming resources to investing in the educational purposes and fabric of the primary and secondary schools. ## **Reserves policy** The amount of the total reserves the charity holds as at 30 June 2021 amount to £41,423 (2020: £10,219). The Trustees are hoping next year will be a successful year to generate a surplus in the financial statements to bring a positive outcome to the reserves. ## **Principal risks and uncertainties** The principal financial risks and uncertainties that the academy can face is reduction in students as this is the significant portion of the charity's funding. The charity has raised awareness of its facilities and has also attended conferences and presentations of the work it does in order to attract more pupils. This has been successful as the number of pupils have grown and more premises are being sought. Rising costs is another potential risk, including the cost of maintenance of its premises, staff costs and also materials for the children. This is continuously assessed by the chair of trustees in order to ensure there such costs are sufficiently budgeted for. Further awareness raising activities have resulted in an increase in the number of pupils which in turn provides more funding to cover any increases in costs. -3- **THE IMAM MUHAMMAD ADAM FOUNDATION** ## **TRUSTEES' REPORT FOR THE YEAR ENDED 30TH JUNE 2021** ## **STRATEGIC REPORT** ## **Future plans** The charity is looking at the options in which the interest free loans extended by various individuals can be repaid as soon as possible. We are also looking towards an increase in facilities for larger pupil capacity. We also have a programme of planned maintenance and investment with the upgrading of our computer and science facilities. We also seek to provide more ad-hoc facilities for the local community ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. The organisation is a charitable company limited by guarantee, incorporated on 4 February 2011. The company was established under a Memorandum of Association which the objects and powers of the charitable company and its governed under its Articles of Association. ## **Organisational structure** The board of Trustees of the charity are responsible for the charity's strategic direction. The board of Trustees meet on a termly basis to discuss the activities of the charity. The board of trustees are supported through the aid of volunteers who manage the daily running of the charity. The management structure consists of a single level, being the trustees. Given the nature of the charity; the key decisions are only made by chair of trustees and are not required to be delegated to other staff. The chair of trustees is responsible for the overall governance of the school, as well as the internal organisation and control of the school. The chair of trustees is also responsible for setting the aims and objectives, policies and targets, as well as reviewing progress of the charity. The principal undertakes the key leadership role overseeing the educational, pastoral and administrative functions in consultation with the senior staff. The day to day administration of both schools is understated within the policies and procedures approved by the chair which provide for only significant expenditure decisions and major capital projects to be referred to the trustees for prior approval. Trustees' report, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 22nd June 2022 and signed on the board's behalf by: Mr Fahim Ismail Sader - Trustee -4- **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE IMAM MUHAMMAD ADAM FOUNDATION** ## **Independent examiner's report to the trustees of The Imam Muhammad Adam Foundation ('the Company')** I report to the charity trustees on my examination of the accounts of the Company for the year ended 30th June 2021. ## **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 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 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** Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of ACCA which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: 1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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 4. the accounts 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 accounts to be reached. Nazir Malida FCCA ACCA Watergates Ltd 109 Coleman Road Leicester LE5 4LE 22nd June 2022 -5- **THE IMAM MUHAMMAD ADAM FOUNDATION** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30TH JUNE 2021** |**Unrestricted**
**fund**
**Notes**
**£**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
**5,688**
**Charitable activities**
4
Primary School
**588,085**
Investment income
3
**110**
**Total**
**593,883**
**EXPENDITURE ON**
**Charitable activities**
5
Primary School
**624,146**
Other
**941**
**Total**
**625,087**
**NET INCOME/(EXPENDITURE)**
**(31,204)**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**(10,219)**
**TOTAL FUNDS CARRIED FORWARD**
**(41,423)**|**Restricted**
**fund**
**£**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**30/6/21**
**Total**
**funds**
**£**
**5,688**
**588,085**
**110**
**593,883**
**624,146**
**941**
**625,087**
**(31,204)**
**(10,219)**
**(41,423)**|**30/6/20**
**Total**
**funds**
**£**
831
576,097
488
577,416
597,593
2,377
599,970
(22,554)
12,335
(10,219)| |---|---|---|---| The notes on page 0 form part of these financial statements -6- ## **THE IMAM MUHAMMAD ADAM FOUNDATION (REGISTERED NUMBER: 07518382)** ## **STATEMENT OF FINANCIAL POSITION 30TH JUNE 2021** |**Notes**
**FIXED ASSETS**
Tangible assets
10
**CURRENT ASSETS**
Debtors
11
Cash at bank and in hand|**Unrestricted**
**Restricted**
**fund**
**fund**
**£**
**£**
**23,756**
**-**
**13,900**
**-**
**17,295**
**-**|**Unrestricted**
**Restricted**
**fund**
**fund**
**£**
**£**
**23,756**
**-**
**13,900**
**-**
**17,295**
**-**|**30/6/21**
**30/6/20**
**Total**
**Total**
**funds**
**funds**
**£**
**£**
**23,756**
40,676
**13,900**
7,400
**17,295**
9,108| |---|---|---|---| |**CREDITORS**
Amounts falling due within one year
12|**31,195**
**(56,374)**|**-**
**-**|**31,195**
16,508
**(56,374)**
(67,403)| |**NET CURRENT ASSETS/(LIABILITIES)**|**(25,179)**|**-**|**(25,179)**
(50,895)| |**TOTAL ASSETS LESS CURRENT LIABILITIES**
**CREDITORS**
Amounts falling due after more than one year
13|**(1,423)**
**(40,000)**|**-**
**-**|**(1,423)**
(10,219)
**(40,000)**
-| |**NET ASSETS/(LIABILITIES)**|**(41,423)**|**-**|**(41,423)**
(10,219)| |**FUNDS**
15
Unrestricted funds|||**(41,423)**
(10,219)| |**TOTAL FUNDS**|||**(41,423)**
(10,219)| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2021. The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2021 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for - (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and - (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. The financial statements were approved by the Board of Trustees and authorised for issue on 22nd June 2022 and were signed on its behalf by: Mr Fahim Ismail Sader - Trustee The notes on page 0 form part of these financial statements -7- ## **THE IMAM MUHAMMAD ADAM FOUNDATION** ## **STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30TH JUNE 2021** |**Notes**
**Cash flows from operating activities**
Cash generated from operations
1|**30/6/21**
**30/6/20**
**£**
**£**
**(41,923)**
(7,695)| |---|---| |Net cash used in operating activities|**(41,923)**
(7,695)| |**Cash flows from investing activities**
Interest received|**110**
488| |Net cash provided by investing activities|**110**
488| |**Cash flows from financing activities**
New loans in year|**50,000**
-| |Net cash provided by financing activities|**50,000**
-| ||| |**Change in cash and cash equivalents in**
**the reporting period**
**Cash and cash equivalents at the**
**beginning of the reporting period**|**8,187**
(7,207)
**9,108**
16,315| |**Cash and cash equivalents at the end of**
**the reporting period**|**17,295**
9,108| The notes on page 0 form part of these financial statements -8- **THE IMAM MUHAMMAD ADAM FOUNDATION** ## **NOTES TO THE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30TH JUNE 2021** |**1.**
**RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM**
**Net expenditure for the reporting period (as per the Statement of**
**Financial Activities)**
**Adjustments for:**
Depreciation charges
Interest received
(Increase)/decrease in debtors
Decrease in creditors|**1.**
**RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM**
**Net expenditure for the reporting period (as per the Statement of**
**Financial Activities)**
**Adjustments for:**
Depreciation charges
Interest received
(Increase)/decrease in debtors
Decrease in creditors|**OPERATING ACTIVITIES**
**30/6/21**
**30/6/20**
**£**
**£**
**(31,204)**
(22,554)
**16,921**
18,223
**(110)**
(488)
**(6,500)**
7,225
**(21,030)**
(10,101)|**OPERATING ACTIVITIES**
**30/6/21**
**30/6/20**
**£**
**£**
**(31,204)**
(22,554)
**16,921**
18,223
**(110)**
(488)
**(6,500)**
7,225
**(21,030)**
(10,101)| |---|---|---|---| |**Net cash used in operations**||**(41,923)**|(7,695)| |**2.**
**ANALYSIS OF CHANGES IN NET FUNDS/(DEBT)**
**At**
**Net cash**
Cash at bank and in hand|**1.7.20**
**£**
**9,108**|**Cash flow**
**£**
**8,187**|**At 30.6.21**
**£**
**17,295**| ||**9,108**|**8,187**|**17,295**| |**Debt**
Debts falling due within 1 year
Debts falling due after 1 year|**-**
**-**|**(10,000)**
**(40,000)**|**(10,000)**
**(40,000)**| ||**-**|**(50,000)**|**(50,000)**| |**Total**|**9,108**|**(41,813)**|**(32,705)**| The notes on page 0 form part of these financial statements -9- **THE IMAM MUHAMMAD ADAM FOUNDATION** **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2021** ## **1. ACCOUNTING POLICIES** ## **BASIS OF PREPARING THE FINANCIAL STATEMENTS** The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. ## **INCOME** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **EXPENDITURE** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## **TANGIBLE FIXED ASSETS** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Fixtures and fittings - 20% on cost Equipment - 20% on cost ## **TAXATION** The charity is exempt from corporation tax on its charitable activities. ## **FUND ACCOUNTING** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS** The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. -10- **THE IMAM MUHAMMAD ADAM FOUNDATION** **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30TH JUNE 2021** |**2.**
**DONATIONS AND LEGACIES**
Donations
**3.**
**INVESTMENT INCOME**
Deposit account interest
**4.**
**INCOME FROM CHARITABLE ACTIVITIES**
**Activity**
Charitable activities - fees
Primary School
**5.**
**CHARITABLE ACTIVITIES COSTS**
Primary School
**6.**
**NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets
**7.**
**TRUSTEES' REMUNERATION AND BENEFITS**|**30/6/21**
**£**
**5,688**
**30/6/21**
**£**
**110**
**30/6/21**
**£**
**588,085**
**30/6/21**
**£**
**16,920**|**30/6/20**
**£**
831
**30/6/20**
**£**
488
**30/6/20**
**£**
576,097
**Direct**
**Costs**
**£**
**624,146**
**30/6/20**
**£**
18,223| |---|---|---| During the year, Mr F I Sader received remuneration as an employee (principal) as authorised by the governing document. Total remuneration was £14,400. During the year, Mr Y I Delair received remuneration as an employee (teacher) as authorised by the governing document. Total remuneration was £8,400. During the year, the spouse of a trustee (Mr F I Sader) received authorised remuneration as an employee (teacher) totalling £13,200. During the year, the son of a trustee (Mr Y I Delair) received authorised remuneration as an employee (teacher) totalling £9,000. During the year, the son of a trustee (Mr Y I Delair) received authorised remuneration as an employee (teacher) totalling 14,400?. During the year, the son of a trustee (Mr Y I Delair) received authorised remuneration as an employee (teacher) totalling £14,400. -11- **THE IMAM MUHAMMAD ADAM FOUNDATION** **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30TH JUNE 2021** ## **7. TRUSTEES' REMUNERATION AND BENEFITS - continued** ## **TRUSTEES' EXPENSES** There were no trustees' expenses paid for the year ended 30th June 2021 nor for the year ended 30th June 2020. **8. STAFF COSTS** |Wages and salaries
Other pension costs
The average monthly number of employees during the year was as follows:
Full - Time Teaching and Administration
Part - Time Teaching and Administration
No employees received emoluments in excess of £60,000.
**9.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
**Unrestricted**
**fund**
**£**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
831
**Charitable activities**
Primary School
576,097
Investment income
488
**Total**
577,416
**EXPENDITURE ON**
**Charitable activities**
Primary School
597,593
Other
2,377
**Total**
599,970
**NET INCOME/(EXPENDITURE)**
(22,554)
**RECONCILIATION OF FUNDS**
Total funds brought forward
12,335|**30/6/21**
**£**
**401,044**
**2,883**
**403,927**
**30/6/21**
**12**
**30**
**42**
**Restricted**
**fund**
**£**
-
-
-
-
-
-
-
-
-|**30/6/20**
**£**
395,022
3,012
398,034
**30/6/20**
11
30
41
**Total**
**funds**
**£**
831
576,097
488
577,416
597,593
2,377
599,970
(22,554)
12,335| |---|---|---| -12- **THE IMAM MUHAMMAD ADAM FOUNDATION** **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30TH JUNE 2021** **----- Start of picture text -----**
9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted Restricted Total
fund fund funds
£ £ £
TOTAL FUNDS CARRIED FORWARD (10,219) - (10,219)
10. TANGIBLE FIXED ASSETS
Fixtures
and
fittings Equipment Totals
£ £ £
COST
At 1st July 2020 and 30th June 2021 163,362 4,801 168,163
DEPRECIATION
At 1st July 2020 122,868 4,619 127,487
Charge for year 16,739 181 16,920
At 30th June 2021 139,607 4,800 144,407
NET BOOK VALUE
At 30th June 2021 23,755 1 23,756
At 30th June 2020 40,494 182 40,676
11. DEBTORS
30/6/21 30/6/20
£ £
Amounts falling due within one year:
Other debtors 13,900 -
Amounts falling due after more than one year:
Other debtors - 7,400
Aggregate amounts 13,900 7,400
**----- End of picture text -----**
-13- **THE IMAM MUHAMMAD ADAM FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30TH JUNE 2021** **----- Start of picture text -----**
12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/21 30/6/20
£ £
-
Bank loans and overdrafts (see note 14) 10,000
Trade creditors 10,870 36,351
Social security and other taxes 1,644 5,639
Wages control 30,946 22,294
Pension control account 514 719
Accruals and deferred income 2,400 2,400
56,374 67,403
13. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30/6/21 30/6/20
£ £
-
Bank loans (see note 14) 40,000
14. LOANS
An analysis of the maturity of loans is given below:
30/6/21 30/6/20
£ £
Amounts falling due within one year on demand:
Bank loans 10,000 -
Amounts falling due between two and five years:
-
Bank loans - 2-5 years 40,000
15. MOVEMENT IN FUNDS
Net
movement At
At 1.7.20 in funds 30.6.21
£ £ £
Unrestricted funds
General fund (10,219) (31,204) (41,423)
TOTAL FUNDS (10,219) (31,204) (41,423)
Net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 593,883 (625,087) (31,204)
TOTAL FUNDS 593,883 (625,087) (31,204)
**----- End of picture text -----**
-14- **THE IMAM MUHAMMAD ADAM FOUNDATION** **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30TH JUNE 2021** ## **15. MOVEMENT IN FUNDS - continued** ## **Comparatives for movement in funds** |**At 1.7.19**
**£**
**Unrestricted funds**
General fund
12,335
**TOTAL FUNDS**
12,335
Comparative net movement in funds, included in the above are as follows:
**Incoming**
**resources**
**£**
**Unrestricted funds**
General fund
577,416
**TOTAL FUNDS**
577,416|**Net**
**movement**
**At**
**in funds**
**30.6.20**
**£**
**£**
(22,554)
(10,219)
(22,554)
(10,219)
**Resources**
**Movement**
**expended**
**in funds**
**£**
**£**
(599,970)
(22,554)
(599,970)
(22,554)| |---|---| A current year 12 months and prior year 12 months combined position is as follows: |**Net**
**movement**
**At 1.7.19**
**in funds**
**£**
**£**
**Unrestricted funds**
General fund
12,335
(53,758)
**TOTAL FUNDS**
12,335
(53,758)|**At**
**30.6.21**
**£**
(41,423)
(41,423)| |---|---| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund|**Incoming**
**Resources**
**resources**
**expended**
**£**
**£**
1,171,299
(1,225,057)|**Movement**
**in funds**
**£**
(53,758)| |---|---|---| |**TOTAL FUNDS**|1,171,299
(1,225,057)|(53,758)| -15- **THE IMAM MUHAMMAD ADAM FOUNDATION NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30TH JUNE 2021** ## **16. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 30th June 2021. -16-