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|---|---|---|---|---|---|
|Trustees'
annual
report (incorporating
the|||director's|report)||
|Independent
auditor's|report to|the members||||
|Statement offinancial|activities|(including|income and|||
|expenditure
account)|||||13|
|Statement
offinancial|position||||14|
|Statement
ofcash flows|||||15|
|Notes to the financial|statements|||||
|The following
pages|do not form part ofthe financial statements|||||
|Detailed statement
offinancial||activities|||28|
|Notes to the detailed statement||offinancial|activities||30|
|Reference|and administrative|and administrative|and administrative|details||||||
|---|---|---|---|---|---|---|---|---|---|
|Registered|charity|name||UK CURRICULUM|||AND ACCREDITATION||BODY(UKCAB)|
|Charity registration||number||1153197||||||
|Company|registration||number|06021439||||||
|Principal office and||registered||Smithfield|House|||||
|office||||Digbeth||||||
|||||Birmingham||||||
|||||B56BS||||||
|The trustees||||||||||
|||||Mr 2 Bhatti||||||
|||||Ms N Naqvi||||||
|||||Mr N Aamir||||||
|Auditor||||Turpin Barker||Armstrong||||
|||||Chartered|Certified||Accountants|&statutory|auditor|
|||||Allen House||||||
|||||1 Westmead||Road||||
|||||Sutton||||||
|||||Surrey||||||
|||||SM1 4LA||||||
|Bankers||||Santander|Bank|||||
|||||182-184High||Street||||
|||||Birmingham||||||
|||||B147DJ||||||
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|||||2021|2021|2020|
|---|---|---|---|---|---|---|
|||||Unrestricted|||
||||Note|funds
6|Total funds
f|Total funds
f|
|Income and endowments|||||||
|Donations
and legacies|||5|||4,630|
|Charitable
activities|||6|5,744,213|5,744,213|4,767,426|
|Other trading
activities|||7|4,913|4,913||
|Total income||||5,749,126|5,749,126|4,772,056|
|Expenditure|||||||
|Expenditure
on raising funds:|||||||
|Costs of raising donations|and legacies||8|65,000|65,000|128,120|
|Expenditure
on charitable|activities||9,10|4,628,116|4,628,116|2,602,123|
|Total expenditure||||4,693,116|4,693,116|2,730,243|
|Net income and net movement||in funds||1,056,010|1,056,010|2,041,813|
|Reconciliation
offunds|||||||
|Total funds brought
forward||||2,394,111|2,394,111|352,298|
|Total funds carried forward||||3,450,121|3,450,121|2,394,111|
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|||||2021|2020|
|---|---|---|---|---|---|
||||Note|6|f|
|Fixed assets||||||
|Tangible fixed assets|||15|2,789,419|93,809|
|Current assets||||||
|Debtors|||16|525,459|235,176|
|Cash at bank and|in|hand||478,635|2,258,424|
|||||1,004,094|2,493,600|
|Creditors: amounts||falling due within one year|17|343,392|193,298|
|Net current assets||||660,702|2,300,302|
|Total assets less|current liabilities|||3,450,121|2,394,111|
|Net assets||||3,450,121|2,394,111|
|Funds ofthe charity||||||
|Unrestricted
funds||||3,450,121|2,394,111|
|Total charity funds|||19|3,450,121|2,394,111|
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||Year ende|d 31 December 2|021||
|---|---|---|---|---|
||||2021|2020|
||||6||
|Cash flows from operating
Net income|activities||1,056,010|2,041,813|
|Adjustments
for:|||||
|Depreciation
oftangible fixed assets|||21,775|14,769|
|Interest payable and similar|charges||8,864|218|
|Accrued expenses/(income)|||117,990|(3,305)|
|Changes
in:|||||
|Trade and other debtors|||(290,283)|161,841|
|Trade and other creditors|||82,395|(19,322)|
|Cash generated
from operations|||996,751|2,196,014|
|Interest paid|||(8,864)|(218)|
|Net cash from operating
activities|||987,887|2,195,796|
|Cash flows from investing|activities||||
|Purchase oftangible assets|||(2,717,385)|(36,101)|
|Net cash used in investing
activities|||(2,717,385)|(36,101)|
|Cash flows from financing|activities||||
|Proceeds from bonowings|||(50,291)|21,195|
|Net cash (used in)/from
financing
activities|||(50,291)|21,195|
|Net (decrease)/Increase
in|cash and cash|equivalents|(1,779,789)|2,180,890|
|Cash and cash equivalents|at beginning|ofyear|2,258,424|77,534|
|Cash and cash equivalents|at end ofyear||478,635|2,258,424|
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|5.|Donations||and legacies|||||
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||||Funds|2021|Funds|2020|
|||||f|6||6|
||Donations|||||||
||Donations|||||1,513|1,513|
||Grants|||||||
||Grants receivable|||||3,117|3,117|
|||||||4,630|4,630|
|6.|Charitable||activities|||||
|||||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||||Funds
5|2021
f|Funds
f|2020
5|
||Providing|technical and voluntary||||||
||secondary||education|5,744,213|5,744,213|4,767,426|4,767,426|
|7.|Other trading activities|||||||
|||||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||||Funds|2021|Funds|2020|
|||||f|6|5|5|
||Letting and||licensing|4,913|4,913|||
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|||||||Unrestricted|Unrestricted|Total Funds|Unrestricted|Total Funds|
|---|---|---|---|---|---|---|---|---|---|---|
||||||||Funds
6|2021
6|Funds
f|2020
6|
||Costs of raising donations|||and legacies|||||||
||-Donations||||||65,000|65,000|128,120|128,120|
|9.|Expenditure|on provision|||oftechnical|and voluntary||secondary|||
||education||||||||||
|||||||Unrestricted||Total Funds|Unrestricted|Total Funds|
||||||||Funds
6|2021
8|Funds
f|2020
F|
||Providing
technical
and||voluntary||||||||
||secondary
education|||||4,598,763||4,598,763|2,572,368|2,572,368|
||Support costs||||||29,353|29,353|29,755|29,755|
|||||||4,628,116||4,628,116|2,602,123|2,602,123|
|10.|Expenditure|on charitable|||activities by|activity type|||||
||||||||Activities||||
|||||||undertaken|||Totalfunds|Total fund|
||||||||directly Support costs
6
f||2021
6|2020
f|
||Providing
technical and||voluntary||||||||
||secondary
education|||||4,598,763|||4,598,763|2,572,368|
||Governance
costs|||||||29,353|29,353|29,755|
|||||||4,598,763||29,353|4,628,116|2,602,123|
|11.|Net income||||||||||
||Net income is|stated after charging/(crediting):|||||||||
||||||||||2021
6|2020
f|
||Depreciation
of tangible||fixed assets||||||21,775|14,769|
||Property management||fees||||||72,000|78,000|
|12.|Auditors
remuneration||||||||||
||||||||||2021|2020|
||||||||||6|6|
||Fees payable|for the audit||ofthe financial||statements|||21,600|18,000|
||Fees payable|to the charity's|||auditor and|its|associates|for other services:|||
||Audit-related
assurance||services|||||||6,000|
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|Staff co|sts|sts|||||||
|---|---|---|---|---|---|---|---|---|
|The total|staff costs and||employee||benefits for the reporting||pediod are analysed as follows:||
||||||||2021|2020|
||||||||6|5|
|Wages and salaries|||||||786,694|24,975|
|Social security costs|||||||53,343|448|
|Employer|contributions||to pension||plans||10,580||
||||||||850,617|25,423|
|The average head||count ofemployees||||during the year was 38 (2020:2).The average||number
of|
|full-time|equivalent|employees||during the year is analysed|||as follows:||
||||||||2021|2020|
||||||||No.|No.|
|Number|ofstaff||||||38|2|
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|Tangible fixed assets|||||
|---|---|---|---|---|
||Freehold|Fixtures and|||
||property|fittings|Equipment|Total|
||8||6|6|
|Cost|||||
|At 1 January 2021||129,281|12,063|141,344|
|Additions|2,545,287|95,711|75,387|2,717,385|
|At 31December 2021|2,545,287|225,992|87,450|2,858,729|
|Depreciation|||||
|At 1 January 2021||39,279|8,256|47,535|
|Charge for the year||19,363|2,412|21,775|
|At 31December 2021||58,642|10,668|69,310|
|Carrying
amount
At 31December 2021|2,545,287|167,350|76,782|2,789,419|
|At 31 December 2020||90,002|3,807|93,809|
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|Debtors||||
|---|---|---|---|
|||2021|2020|
|||5||
|Trade debtors||270,054|99,788|
|Prepayments|and accrued income|44,235|38,400|
|Other debtors||211,170|96,988|
|||525,459|235,176|
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|||2021|2020|
|---|---|---|---|
|||6||
|Bank loans and overdrafts|||50,000|
|Trade creditors||124,318|88,293|
|Accruals and deferred|income|171,870|53,880|
|Social security and other taxes||34,197||
|Director loan accounts||510|801|
|Wages and Saladies
Other creditors||12,497|324|
|||343,392|193,298|
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|Analysis of|charitable
funds|||||
|---|---|---|---|---|---|
|Unmstricted|funds|||||
|||At|||At|
|||1 January 202||31|December|
|||1
f|Income
5|Expenditure
6|2021
f|
|General funds|||5,749,126|(4,693,116)|1,056,010|
|Unrestricted|fund|2,394,111|||2,394,111|
|||2,394,111|5,749,126|(4,693,116)|3,450,121|
|||At|||At|
|||1 January 202||31|December|
|||0
f|Income
5|Expendituref|2020
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|
##
|Analysis ofnet as|sets between
funds|||
|---|---|---|---|
|||Unrestricted|Total Funds|
|||Funds|2021|
|||5|6|
|Tangible fixed assets||2,789,418|2,789,418|
|Current assets||865,212|865,212|
|Creditors less than|1 year|(197,151)|(197,151)|
|Net assets||3,457,479|3,457,479|
|||Unrestricted|Total Funds|
|||Funds|2020|
|||5|5|
|Tangible fixed assets||93,809|93,809|
|Current assets||2,493,600|2,493,600|
|Creditors less than|1 year|(193,298)|(193,298)|
|Net assets||2,394,111|2,394,111|
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|Analysis|ofc|hanges
in|net debt|||||||
|---|---|---|---|---|---|---|---|---|---|
||||||||||At|
||||||At 1 Jan|2021
f|Cash flows
f||31 Dec 2021|
|Cash at bank and in hand|||||2,258,424||(1,779,789)||478,635|
|Debt due|within one year||||(50,801)|||50,291|(510)|
||||||2,207,623||(1,729,498)||478,125|
|Operating|lease commitments|||||||||
|The total|future|minimum|lease payments|under|non-cancellable|operating||leases are as follows:||
|||||||||2021|2020|
|||||||||8|6|
|Not later than
1 year
Later than
1 year and not|||later than 5years|||||115,761
165,419|60,968
120,528|
|||||||||281,180|181,496|
##
|Related parties||||||
|---|---|---|---|---|---|
|During the year the charity|entered|into the following transactions
with||related parties:||
|||||Balance owed|by/(owed|
|||Transaction|value|to)||
|||2021
f|2020
6|2021
6|2020
f|
|Mr A Bhatti - Commission|payable||25,033|||
|Matrix Solutions
International
Limited-||||||
|Purchase
ofservices|||(2,034,700)||(60,550)|
|Syeda Naqvi - Current account
Zahid Bhatti - Debtor||||(510)|(801)
5,025|
|Global Kidney Foundation|-Donations|||||
|to charitable
project||15,000|60,620|||
|Feedo Needo - Donations|to charitable|||||
|project||50,000|59,500|||
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||||2021|2020|
|---|---|---|---|---|
||||6||
|Income and endowments|||||
|Donations
and legacies
Donations||||1,513|
|Grants receivable||||3,117|
|||||4,630|
|Charitable
activities|||||
|Providing
technical and voluntary|secondary|education|5,744,213|4,767,426|
|Other trading activities
Letting and licensing|||4,913||
|Total income|||5,749,126|4,772,056|
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||||Year ended 31 Decem|ber 2021||
|---|---|---|---|---|---|
|||||2021
6|2020f|
|Expenditure||||||
|Costs of raising|donations||and legacies|||
|Purchases||||65,000|128,120|
|Expenditure
on charitable
Purchases|||activities|2,932,282|2,108,042|
|Wages and salaries
Employer's
NIC||||786,694
53,343|24,975
448|
|Pension costs||||10,580||
|Operating
leases||||72,000|78,000|
|Rent||||356,341|97,474|
|Rates and water||||35,917|9,855|
|Light and heat||||6,089|10,971|
|Repairs and maintenance
Insurance||||128,941
4,263|156,177
1,518|
|Cost of Covid 19|compliance|||90,000||
|Other motor/travel|costs|||15,771||
|Legal and professional
Telephone||fees||29,353
15,922|29,755
12,613|
|Other office costs||||55,190|42,984|
|Depreciation||||21,776|14,768|
|Interest on bank loans||and overdrefts||160|218|
|Subscriptions||||8,704||
|Computer expenses||||230|13,137|
|Printing, postage
Sundryexpenses|and|stationery||1,332
3,228|1,188|
|||||4,628,116|2,602,123|
|Total expenditure||||4,693,116|2,730,243|
|Net income||||1,056,010|2,041,813|
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||||||2021|2020|
|---|---|---|---|---|---|---|
||||||6|F|
|Costs ofraising donations|and legacies||||||
|Costs ofraising donations|and legacies - Donations||||||
|Donations - purchases|||||65,000|128,120|
|Costs of raising donations|and legacies||||65,000|128,120|
|Expenditure
on charitable|activities||||||
|Providing
technical
and voluntary||se|condary|education|||
|Activities undertaken
directly|||||||
|Cost ofservices|||||2,932,282|2,108,042|
|Wages and salaries|||||786,694|24,975|
|Employer's
NIC|||||53,343|448|
|Pension costs|||||10,580||
|Property management
fees|||||72,000|78,000|
|Rent and service charges|||||356,341|97,474|
|Rates 8 water|||||35,917|9,855|
|Light &heat|||||6,089|10,971|
|Repairs &maintenance|||||128,941|156,177|
|Insurance|||||4,263|1,518|
|Cost of Covid 19compliance|||||90,000||
|Travel costs|||||15,771||
|Telephone|||||15,922|12,613|
|Marketing
and advertising|||||55,190|42,984|
|Depreciation|||||21,776|14,768|
|Interest on bank loans and overdrafts|||||160|218|
|Subscriptions|||||8,704||
|Computer expenses|||||230|13,137|
|Stationery and postage|||||1,332||
|Sundry expenses|||||3,228|1,188|
||||||4,598,763|2,572,368|
|Governance costs|||||||
|Governance
costs - accountancy fees|||||6,216|4,180|
|Governance
costs - audit fees|||||21,600|18,000|
|Governance
costs - legal and other professional||||fees|1,537|7,575|
||||||29,353|29,755|
|Expenditure
on charitable|activities||||4,628,116|2,602,123|