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|Trustees'
annual
report (incorporating
the director's report)|Trustees'
annual
report (incorporating
the director's report)||
|---|---|---|
|Independent
auditor's
report to|the members||
|Statement
offinancial
activities|(including
income and||
|expenditure
account)|||
|Statement offinancial
position|||
|Statement ofcash flows||15|
|Notes to the financial statements|||
|The following
pages do not form part ofthe financial statements|||
|Detailed statement
offinancial|activities||
|Notes to the detailed statement|offinancial activities|30|
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||||||Year ended 31Dece|Year ended 31Dece|Year ended 31Dece|Year ended 31Dece|mber 202|mber 202|0|0|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|The trustees,||who are||also the|directors for the purposes||||of company||law, present their report and the||
|financial statements|||of|the charity for the year||ended||31December||2020.|||
|Reference|and administrative||||details||||||||
|Registered||charity|name||LIKCURRICULUM|||AND|ACCREDITATION|||BODY (UKCAB)|
|Charity registration|||number||1153197||||||||
|company|registration|||number|06021439||||||||
|Principal ofhce and|||registered||Smithfield
House||||||||
|office|||||Digbeth||||||||
||||||Birmingham||||||||
||||||B56BS||||||||
|The trustees|||||||||||||
||||||Mr Z Bhatti||||||||
||||||Ms N Naqvi||||||||
||||||Mr N Aamir||||||||
|Auditor|||||Turpin Barker Armstrong||||||||
||||||Chartered
Certified|||Accountants||8|statutory|auditor|
||||||Allen House||||||||
||||||1 Westmead||Road||||||
||||||Sutton||||||||
||||||Surrey||||||||
||||||SM1 4LA||||||||
|Bankers|||||Santander|Bank|||||||
||||||182-184High Street||||||||
||||||Birmingham
B147DJ||||||||
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|||||2020|2020|2019|
|---|---|---|---|---|---|---|
|||||Unrestricted|||
|||||funds|Totalfunds|Total funds|
||||Note||||
|Income and endowments|||||||
|Donations
and legacies|||5|4,630|4,630|1,198|
|Charitable
activities|||6|4,767,426|4,767,426|1,429,250|
|Total income||||4,772,058|4,772,058|'l,430,448|
|Expenditure|||||||
|Expenditure
on raising funds:
Costs of raising donations||and legacies|?|128120|128120|55208|
|Expenditure
on charitable|activities||&,g|2,602,123|2,602,123|1,353,220|
|Total expenditure||||2,730,243|2,730,243|1,408,428|
|Net income and net movement||in funds||2,041,813|2,041,813|22,020|
|Reconciliation
offunds|||||||
|Total funds
brought
forward||||352,298|352,298|330,278|
|Total funds carried forward||||2,394,111|2,394,111|352,298|
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||||2020|2019|
|---|---|---|---|---|
|||Note|||
|Fixed assets|||||
|Tangible fixed assets||14|M,809|72,477|
|Current assets|||||
|Debtors||15|236,176|397,017|
|Cash at bank and in|hand||2,258,424|77,534|
||||2,493,600|474,661|
|Creditors: amounts|falling due within one year|18|193,298|194,730|
|Net current assets|||2,300,302|279,821|
|Total assets less current. liabilities|||2,394,111|352,298|
|Net assets|||2,394,111|352,298|
|Funda ofthe charity|||||
|Unrestricted
funds|||2,394,111|352,298|
|Total charity funds||18|2,394,111|352,298|
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||Year ende|d 31December 2|020||
|---|---|---|---|---|
||||2020|2019|
|Cash flows from operatjing|activities||||
|Net income|||2,041,813|22,020|
|Adjustments
for:|||||
|Depreciation
oftangible fixed assets|||14,769|9,712|
|Interest payable and similar|charges||218|251|
|Accrued (income)/expenses|||(3,305)|23,206|
|Changes in:|||||
|Trade and other debtors|||161,841|(143,774)|
|Trade and other creditors|||(19,322)|79,886|
|Cash generated
from operations|||2,196,014|(8,701)|
|Interest paid|||(218)|(261)|
|Net cash from/(used
in) operating
activities|||2,195,796|(8,952)|
|Cash flows from investing|activities||||
|Purchase oftangible assets|||(36,101)|(25,950)|
|Net cash used in investing
activities|||(36,'I01)|(26,950)|
|Cash flows from financing|activities||||
|Proceeds from borrowings|||21,195||
|Net cash from financing
activities|||21,196||
|Net increase/{decrease)
in|cash and cash|equivalents|2,180,890|(34,902)|
|Cash and cash equivalents|at beginning|ofyear|77,534|112,436|
|Cash and cash equivalents|at end ofyear||2,258,424|77,634|
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|||||Unrestricted|Total Funds|Unrestricted|Total Funds|
|---|---|---|---|---|---|---|---|
|||||Funds|2020
f|Funds|2019|
||Donations|||||||
||Donations|||1,513||'l,198|1,198|
||Grants|||||||
||Grants receivable|||3,117|3,117|||
|||||4,630|4,630|1,198|1,198|
|6.|Charitable|activities||||||
|||||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||||Funds|2020|Funds|2019|
||Providing|technical and voluntary||||||
||secondaryeducation|||4,76?,426|4,767,426|1,429,250|1,429,250|
|?.|Costs ofraising donations|||and legacies||||
|||||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||||Funds|2020|Funds|2019|
||||||||F-|
||Costs of raising donations||and legacies|||||
||-Donations|||128,120|128,120|55,208|55,208|
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|education|||||||
|---|---|---|---|---|---|---|
||||Unrestricted|Total Funds|Unrestricted|Total Funds|
||||Funds|2020|Funds|2019|
||||F|E||E|
|Providing
technical
secondary
education
Support costs||and voluntary|2,572,368
29,755|2,572,368
29,755|1,313,320
39,900|1,313,320
39,900|
||||2,602,123|2,602,123|1,353,220|1,353,220|
##
|9.|Expenditure
on charita|ble a|ctivities by ac|tivity type|||||
|---|---|---|---|---|---|---|---|---|
|||||Activities|||||
||||undertaken|||Total|funds|Total fund|
|||||directly Support costs|||2020|2019|
|||||F||||F|
||Providing
technical and
secondary
education
Governance
costs|voluntary
2,572,368|||29,755|2,572,368
29,?55||1,313,320
39,900|
||||2,572,368||29,755|2,502, 123||1,353,220|
|10.|Net income||||||||
||Net income is stated after charging/(crediting):||||||2020|2019|
||Depreciation
of tangible
Operating
lease rentals|fixed|assets||||14,769
78,000|9,712
26,400|
|11.|Auditors
remuneration||||||||
||||||||2020|2019|
|||||||||F|
||Fees payable for the audit of||the financial statements||||18,000|15,000|
||Fees payable tothe charity's
auditor and its
Audit-related
assurance
services|||associates for other services:|||6,000||
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|Staffco|sts||||||||
|---|---|---|---|---|---|---|---|---|
|The total|staff costs|and|employee||benefrts for||the reporting
period are analysed as follows;
2020
2019||
|Wages and salaries|||||||24,975|29,88S|
|Social security costs|||||||448||
|Employer|contributions||to pension||plans|||84|
||||||||25,423|29,973|
|The average
head||count of employees||||duding|the year was 2 (2019:2).The average|number
of|
|full-time|equivalent|employees||during the year|||is analysed as follows:
2020|2019|
||||||||No.|No,|
|Number|ofstaff||||||2|2|
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|Tangible fixed assets||||
|---|---|---|---|
||Fixtures and|||
||fittings|Equipment|Total|
||||f.|
|Cost||||
|At 1 January 2020|93,180|12,063|105,243|
|Additions|36,101||36,101|
|At 31December 2020|129,281|12,063|141,344|
|Depreciation||||
|At 1 January 2020|26,S23|5,843|32,766|
|Charge for the year|12,356|2,413|14,769|
|At 31December 2020|39,279|8,256|47,535|
|Carrying amount||||
|At 31December 2020|90,002|3,807|93,809|
|At 31 December 2019|66,257|6,220|72,477|
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|Debtors||||
|---|---|---|---|
|||2020|2019|
|Trade debtors||99,788|271,162|
|Prepayments|and accrued income|38,400|32,291|
|Other debtors||96,988|93,564|
|||235,176|397,017|
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|||2020||
|---|---|---|---|
|||K||
|Bank loans and overdrafts||50,000||
|Trade creditors||88,293|107,939|
|Accruals and deferred|income|53,880|57,185|
|Director loan accounts||801|29,606|
|Wages and Salaries||324||
|||193,298|194,730|
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||Unrestricted|fund|s|||||||
|---|---|---|---|---|---|---|---|---|---|
||||||At||||At|
||||||1 January 202|||31|Oecember|
||||||0|Income|Expenditure||2020|
||||||||F||F|
||General funds|||||4,772,056|(2,730,243)||2,041,813|
||Unrestricted|fund|||352,298||||352,298|
||||||352,298|4,772,056|(2,730,243)||2,394,111|
||||||At||||At|
||||||1 January 201|||31|December|
||||||9|Income|Expenditure||2019|
||||||||||F|
||General funds|||||1,430,448|(1,408,428)||22,020|
||Unrestricted|fund|||330,278||||330,278|
||||||330,278|1,430,448|(1,408,428)||352,298|
|19.|Analysis of|net assets between funds||||||||
||||||||Unrestricted|Total Funds||
||||||||Funds||2020|
||Tangible fixed assets||||||68,570||68,570|
||Current assets||||||2,495,404||2,495,404|
||Creditors less than||1|year|||(172,224)||(172,224)|
||Net assets||||||2,391,750||2,391,750|
||||||||Unrestricted|Total Funds||
||||||||Funds||20'I9|
||||||||F||F|
||Tangible fixed assets||||||72,477||72,477|
||Current assets||||||458,916||458,916|
||Creditors less than||1|year|||(140,695)||(140,695)|
||Net assets||||||390,698||390,698|
|20.|Analysis of|changes||in net debt||||||
||||||||||At|
|||||||At 'I Jan 2020|Cash flows|31|Dec 2020|
|||||||F||||
||Cash at bank|and in hand||||77,534|2,180,890||2,258,424|
||Debt due within one year|||||(29,606)|(21,195)||(50,801)|
|||||||47,928|2,159,695||2,207,623|
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|Operating
lea|se commit|ments||||
|---|---|---|---|---|---|
|The total future|minimum|lease payments|under non-cancellable|operating leases are as follows:
2020
2019||
|||||f.||
|Not later than
1 year
Later than
1 year and not||later than 5 years||60,968
120,528|51,716
25?,915|
|||||181,496|309,631|
##
|Related parbes||||||
|---|---|---|---|---|---|
|During the year the charity|entered into the following transactions
with|||related parties:
Balance owed|byl(owed|
|||Transaction|value|to)||
|||2020|2019|2020|2019|
|Mr A Bhatti - Commission|payable|25,Q33|35,200||(29,967)|
|Matrix Solutions international
Limited-||||||
|Recharge for share offees from||||||
|contracts with Eurosource|and|||||
|Innolearn|||||154,423|
|Matrix Solutions
International
Limited-||||||
|Purchase ofservices||(2,034,700)|(1,060,279)|(60,550)|(74,973)|
|Matrix Solutens international
Lirnited-||||||
|Fees charges for student|recruitment|||||
|and marketing
consultancy
Syeda Naqvi -Current account
Zahid Bhatti- Debtor|||25,000|(801)
5,025|(29,606)|
|Global Kidney Foundation
to charitable project|- Donations|60,620|44,408|||
|Feedo Needo- Donations|to charitable|||||
|prolect||50,500|10,800|||
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||||2020f|2019|
|---|---|---|---|---|
|Income and endowments|||||
|Donations and legacies
Donations|||1,513|1,198|
|Grants receivable|||3,117||
||||4,630|1,198|
|Charitable
activities|||||
|Providing
technical and voluntary|secondary|education|4,767,426|1,429,250|
|Total income|||4.772.086|1,480,448|
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||Year ended 31 Decemb|er 2020||
|---|---|---|---|
|||2020|2019|
|Expenditure
Costs of raising donations
Purchases|and legacies|128,120|88,208|
|Expenditure
on charitable
Purchases
Wages and salaries|activities|2,108,042
24,975
448|1,163,101
29,889|
|Employer's
NlC|||84|
|Pension casts
Operating
leases
Rent
Rates and water
Light and heat
Repairs and maintenance
insurance
Other establishment
Vehicle leasing/hire||78,000
97,474
9,855
10,971
156,177
1,518|26,400
(8,971)
852
5,134
54,139
1,484
1,500
8,875
181|
|Other motor/travel
costs
Legal and professional
fees
Telephone
Other office costs
Depreciation
interest
on bank loans and overdrafts
Computer
expenses
Printing, postage and stationery
Sundry expenses||29,755
12,613
42,984
14,768
218
13,137
1,188|39,900
9,652
2,133
9,713
251
3,138
5,707
'l58|
|||2,602,123|1,353,220|
|Total expenditure||2,730,243|1,408,428|
|Net income||2,041,813|22,020|
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|||||||2020|2019|
|---|---|---|---|---|---|---|---|
|Costs ofraising donations|||and legacies|||||
|Costs ofraising donatione|||and legacies - Donations|||||
|Donations - purchases||||||128,120|55,208|
|Costs ofraising donations|||and legacies|||128,120|55,208|
|Expenditure
on charitable||activities||||||
|Providing
technical and voluntary||||secondary|education|||
|Activities undertaken|directiy|||||||
|Cost ofservices||||||2,108,042|1,163,101|
|Wages and salaries||||||24,975|29,889|
|Employer's
NIC||||||448||
|Pension costs|||||||84|
|Property management|fees|||||78,000|26,400|
|Rent and service charges||||||97,474|(8,971)|
|Rates 8 water||||||9,855|852|
|Light 8 heat||||||10,971|5,134|
|Repairs 8 maintenance||||||156,177|54,139|
|insurance||||||1,5'l8|1,484|
|Staff training
and development|||||||1,500|
|Vehicle leasing|||||||8,875|
|Travel costs|||||||181|
|Teiephone||||||12,613|9,552|
|Marketing
and advertising||||||42,984|2,133|
|Depreciation||||||14,768|9,713|
|Interest on bank ioans|and|overdrafts||||218|251|
|Computer expenses||||||13,137|3,138|
|Stationery
and postage|||||||5,707|
|Sundry expenses||||||1,188|158|
|||||||2,572,368|1,313,320|
|Governance costs||||||||
|Governance
costs - accountancy fees||||||4,180|18,200|
|Governance
costs - audit fees||||||18,000|2'f,660|
|Governance costs - legal and|||other professional||fees|7,575|40|
|||||||29,755|39,900|
|Expenditure
on charitable||activities||||2,602,123|1,353,220|