2023-12-31-accounts - UK Curriculum And Accreditation Body (Ukcab)

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	`Page`
Trustees'annualreport(incorporatingthedirector'sreport)	1
Independentauditor'sreporttothemembers	8
Statementoffinancialactivities(includingincomeand
expenditureaccount)	14
Statementoffinancialposition	15
Statementofcashflows	16
Notestothefinancialstatements	17
Thefollowingpagesdonotformpartofthefinancialstatements
Detailedstatementoffinancialactivities	31
Notestothedetailedstatementoffinancialactivities	33

Referenceandadministratived	etails
Registeredcharityname	UKCURRICULUMANDACCREDITATIONBODY(UKCAB)
Charityregistrationnumber	1153197
Companyregistrationnumber	06021439
Principalofficeandregistered	SmithfieldHouse
office	Digbeth
	Birmingham
	B56BS
Thetrustees
	MrZBhatti
	MsNNaqvi
	MrNAmir
Auditor	TurpinBarkerArmstrong
	CharteredCertifiedAccountants&statutoryauditor
	AllenHouse
	1WestmeadRoad
	Sutton
	Surrey
	SM14LA
Bankers	SantanderBank
	182-184HighStreet
	Birmingham
	B147DJ

		`2023`	`2023`	`2022`
		Unrestricted
		funds	Totalfunds	Totalfunds
	Note	£	£	£
Incomeandendowments
Charitableactivities	5	21,792,905	21,792,905	13,281,961
Othertradingactivities	6	138,348	138,348	98,929
Otherincome	7	5,161	5,161	48,390
Totalincome
Expenditure
Expenditureonraisingfunds:
Donations	8	219,205	219,205	178,798
Expenditureoncharitableactivities	9,10	12,673,746	12,673,746	6,280,727
Totalexpenditure		L~VJL~JJ 1	IL~VJL~~JJ I	V~TJ~J~JLJ
Netincome		9,043,463	9,043,463	6,969,755
Otherrecognisedgainsandlosses
Fairvaluemovements		542,111	542,111	—
Netmovementinfunds		9,585,574	9,585,574	6,969,755
Reconciliationoffunds Totalfundsbroughtforward		~n~~aQ~~	1!1A1OA7~	ZAGl11711
Totalfundscarriedforward

31December20	23
		`2023`	`2022`
	Note	£	£
Fixedassets Tangiblefixedassets Investments	`15` 16	`1,538,698` 5,147,620	`354,321` 2,545,287
Currentassets Debtors Cashatbankandinhand	18	5,743,871 rz~o~o~~	4,216,240 ~man~~G
Creditors:amountsfallingduewithinoneyear	19	619,711	456,728
Netcurrentassets		J~V IJ~ IJI	I~JLV~LVI
Totalassetslesscurrentliabilities		~nnn~~~n	~n~~~Q~~
Netassets		LV~VVJ~TTJ	IV~T IJ~VIJ
Fundsofthecharity Unrestrictedfunds		r.7.Tu•L~~uf.	67.LGf!iL~1
Totalcharityfunds	21	20,005,449	10,419,875

StatementofCashFlo Yearended31December	ws 2023
	`2023`	`2022`
	`£`	`£`
Cashflowsfromoperatingactivities Netincome	9,043,463	6,969,755
Adjustmentsfor.' Depreciationoftangiblefixedassets Interestpayableandsimilarcharges Accrued(income)/expenses	164,402 — (271,077)	47,043 268 140,707
Changesin.~ Tradeandotherdebtors Tradeandothercreditors	(1,527,631) 433,550	(3,690,781) (26,861)
Cashgeneratedfromoperations	7,842,707	3,440,131
Interestpaid	—	(268)
Netcashfromoperatingactivities	7,842,707	3,439,863
Cashflowsfrominvestingactivities Purchaseoftangibleassets Purchasesofotherinvestments	(1,348,779) (2,060,222)	(157,232) —
Netcashusedininvestingactivities	(3,409,001)	(157,232)
Cashflowsfromfinancingactivities Proceedsfromborrowings	510	(510)
Netcashfrom/(usedin)financingactivities	510	(510)
Netincreaseincashandcashequivalents Cashandcashequivalentsatbeginningofyear	4,434,216 3,760,755	3,282,121 478,635
Cashandcashequivalentsatendofyear	8,194,971	3,760,756

value,overtheusefulecono	miclife	ofthatassetasfol
Leaseholdimprovements	-	10%straightline
Fixturesandfittings	-	10%straightline
Equipment	-	20%straightline

Charitableactivities
	Unrestricted	TotalFunds	Unrestricted	TotalFunds
	`Funds`	`2023`	`Funds`	`2022`
	£	£	£	£
Providingtechnicalandvoluntary secondaryeducation	21,778,699	21,778,699	13,279,461	13,279,461
Paymentsfromgovernmentsorpublic
authoritiesinthenormalcourseof trading	14,206	14,206	2,500	2,500
	21,792,905	21,792,905	13,281,961	13,281,961

Unrestricted	TotalFunds	Unrestricted	TotalFunds
`Funds`	`2023`	`Funds`	`2022`
`£`	`£`	`£`	`£`
138,348	138,348	98,929	98,929

7.	Otherincome
		Unrestricted	Restricted	TotalFunds
		`Funds`	`Funds`	`2023`
		`£`	`£`	`£`
	DonationsforFloodrelief	—	—	—
	Generaldonations	5,161	—	5,161
		5,161	—	5,161
		Unrestricted	Restricted	TotalFunds
		`Funds`	`Funds`	`2022`
		`£`	`£`	`£`
	DonationsforFloodrelief	—	48,390	48,390
	Generaldonations	—	—	—
			48,390	48,390
8.	Donations
		Unrestricted	Restricted	TotalFunds
		`Funds`	`Funds`	`2023`
			`£`	`£`
	Donations	219,205	-	219,205
		Unrestricted	Restricted	TotalFunds
		`Funds`	`Funds`	`2022`
			`£`	`£`
	Donations	130,408	48,390	178,798

Expenditureonprovisionoftechn education	icalandvolunta	rysecondary
	Unrestricted	TotalFunds	Unrestricted	TotalFunds
	`Funds`	`2023`	`Funds`	`2022`
	`£`	`£`	`£`	`£`
Providingtechnicalandvoluntary
secondaryeducation	12,618,029	12,618,029	6,217,824	6,217,824
Supportcosts	55,717	55,717	62,903	62,903
	12,673,746	12,673,746	6,280,727	6,280,727

Expenditureoncharitableactivities	byactivitytyp	e
	Activities
	undertaken		Totalfunds	Totalfund
	directly	Supportcosts	2023	2022
	£	£	£	£
Providingtechnicalandvoluntary secondaryeducation Governancecosts	12,618,029 —	- 55,717	12,618,029 55,717	6,217,824 62,903
	12,618,029	55,717	12,673,746	6,280,727

Netincome Netincomeisstatedaftercharging/(crediting):
	`2023`	`2022`
	`£`	`£`
Depreciationoftangiblefixedassets Operatingleaserentals	164,402 73,749	47,043 79,381

`2023`	`2022`
`£`	`£`
29,500	22,500

Staffcosts	Staffcosts
Thetotalstaffcostsandemployee benefitsforthereportingperiodareanalysedas `2023`		follows: `2022`
	`£`	`£`
Wagesandsalaries Socialsecuritycosts Employercontributionstopensionplans	3,078,650 258,725 30,604	1,450,428 122,620 14,847

Theaverageheadcountofemployeesduringtheyearwas135(2022:6 offull-timeequivalentemployeesduringtheyearisanalysedasfollows:	8).Theavera	genumber
	`2023`	`2022`
	No.	No.
Numberofstaff	135	68

Tangiblefixedassets
	Leasehold	Fixturesand
	improvements	fittings	Equipment	Total
	`£`	`£`	`£`	`£`
Cost
At1January2023	—	349,081	121,593	470,674
Additions	706,519	480,927	161,333	1,348,779
At31December2023	706,519	830,008	282,926	1,819,453
Depreciation
At1January2023	—	88,195	28,158	116,353
Chargefortheyear	41,214	88,924	34,264	164,402
At31December2023	41,214	177,119	62,422	280,755
Carryingamount
At31December2023	665,305	652,889	220,504	1,538,698
At31December2022	—	260,886	93,435	354,321

Investments
	Investment
	properties
Costorvaluation
At1January2023	2,545,287
Additions	2,060,222
Fairvaluemovements	542,111
At31December2023	5,147,620
Impairment
At1January2023and31December2023
Carryingamount
At31December2023	5,147,620
At31December2022	2,545,287

Debtors
	`2023`	`2022`
	`£`	`£`
Tradedebtors	5,573,960	4,079,112
Prepaymentsandaccruedincome	83,074	—
Otherdebtors	86,837	137,128
	5,743,871	4,216,240

	`2023`	`2022`
	`£`	`£`
Tradecreditors	418,695	88,433
Accrualsanddeferredincome	41,500	312,577
Socialsecurityandothertaxes	32,588	44,385
Directorloanaccounts	510	—
Othercreditors	126,418	11,333
	619,711	456,728

Analysisofcharitab Unrestrictedfunds	lefunds
					`At`
	At			Gainsand31December
	1January2023 £	Income £	Expenditure £	losses £	2023 £
Generalfunds Unrestrictedfund Fairvaluereserve	— 10,419,875 —	21,936,414 — —	(12,892,951) — —	— — 542,111	9,043,463 10,419,875 542,111
	10,419,875	21,936,414	(12,892,951)	542,111	20,005,449
					`At`
	At			Gainsand31December
	1January2022 £	Income £	Expenditure £	losses £	2022 £
Generalfunds Unrestrictedfund	— 3,450,120	98,889 13,282,001	(6,411,135) —	— —	(6,312,246) 16,732,121
Fairvaluereserve	—	—	—	—	—
	3,450,120	13,380,890	(6,411,135)	—	10,419,875

Analysisofnetassetsbetweenfunds
	Unrestricted	TotalFunds
	`Funds`	`2023`
	`£`	`£`
Tangiblefixedassets Currentassets Creditorslessthan1year	6,686,318 13,938,842 (619,711)	6,686,318 13,938,842 (619,711)
Netassets	20,005,449	20,005,449
	Unrestricted	TotalFunds
	`Funds`	`2022`
	`£`	`£`
Tangiblefixedassets Currentassets Creditorslessthan1year	2,899,608 7,976,995 (456,728)	2,899,608 7,976,995 (456,728)
Netassets	10,419,875	10,419,875

				`At`
		At1Jan2023	Cashflows31Dec2023
		`£`	`£`	`£`
Cash Debt	atbankandinhand duewithinoneyear	3,760,755	4,434,216 r~~rn	8,194,971 i~~rn
		.J~l VV~l JJ	Y~`YJJ~IVV	U,IAY~YV1

Propertymanagementfees	Propertymanagementfees
Thetotalfutureminimumleasepaymentsundernon-cancellableoperatingleasesare `2023`		asfollows: `2022`
	`£`	`£`
Notlaterthan1year Laterthan1yearandnotlaterthan5years Laterthan5years	1,284,769 6,023,730 7,460,092	926,303 3,502,227 8,214,418
	Y~/VV~JAI	IL~VYL~A`tV

Relatedparties	Relatedparties	Relatedparties
Duringtheyearthecharityenteredintothefollowingtransactionswith			relatedparties: Balanceowed	by/(owed
	Transaction	value	to)
	`2023`	`2022`	`2023`	`2022`
	`£`	`£`	`£`	`£`
NNaqvi-Debtor ZBhatti-Debtor	42,890 (10,171)	— —	(510) —	5,690 10,171
GlobalKidneyFoundation-Donations tocharitableproject	—	5,000	—	—
FeedoNeedo-Donationstocharitable
project	199,700	60,733	—	—
BakhtawarTrust-Donationsto
charitableproject	19,506	38,157	—	—
1stActionUK-servicescostto
managecharitableproject	57,997	8,254	—	—
NovamilePropertiesLimitedandMr AbdullahMushtaq	976,047	1,128,278	—	42,594

DetailedStatementofFinancialActiviti Yearended31December2023	es
	`2023`	`2022`
	`£`	`£`
Incomeandendowments
Charitableactivities Providingtechnicalandvoluntarysecondaryeducation Paymentsfromgovernmentsorpublicauthoritiesinthenormalcourseof trading	21,778,699 14,206	13,279,461 2,500
	~~~a~any	1'27R1aa~
Othertradingactivities Letting	138,348	98,929
Otherincome DonationsforFloodrelief	—	48,390
Generaldonations	5,161	—
	5,161	48,390
Totalincome	21,936,414	13,429,280

	`2023`	`2022`
	`£`	`£`
Expenditure
Donations
Donationsmade	219,205	178,798
Expenditureoncharitableactivities
Costofservices	6,785,446	3,363,752
Wagesandsalaries	3,078,650	1,450,428
Employer'sNIC	258,725	122,620
Pensioncosts	30,604	14,847
Propertymanagementfees	73,749	79,381
Rent	1,082,871	615,968
Ratesandwater	10,604	11,057
Lightandheat	12,994	2,263
Repairsandmaintenance	286,771	121,545
Insurance	7,537	5,206
Cleaning	123,637	21,826
Subscriptions	33,844	16,142
Travelcosts	126,672	81,823
Legalandprofessionalfees	180,236	130,440
Telephone	21,786	15,763
MarketingandAdvertising	3,312	24,318
Depreciation	164,400	47,043
StaffWelfareandMeals	278,400	110,169
Interestonbankloansandoverdrafts	—	268
Computerexpenses	—	2,051
Printing,postageandstationery	113,209	43,817
`Sundryexpenses`	`299`	`—`
	12,673,746	6,280,727
Totalexpenditure	12,892,951	6,459,525
Netincome	9,043,463	6,969,755

Yearended31December20	23
	`2023`	`2022`
	`£`	`£`
Donations
Donations Donationsmade	219,205	178,798
Donations	219,205	178,798
Expenditureoncharitableactivities Providingtechnicalandvoluntarysecondaryeducation
Activitiesundertakendirectly Costofservices Wagesandsalaries Employer'sNIC Pensioncosts Propertymanagementfees Rentandservicecharges Rates&water Light&heat Repairs&maintenance Insurance Cleaning Subscriptions Travelcosts Legalandprofessionalfees Telephone Marketingandadvertising Depreciation StaffWelfareandMeals Interestonbankloansandoverdrafts Computerexpenses Stationeryandpostage `Sundryexpenses`	6,785,446 3,078,650 258,725 30,604 73,749 1,082,871 10,604 12,994 286,771 7,537 123,637 33,844 126,672 124,519 21,786 3,312 164,400 278,400 — — 113,209 `299`	3,363,752 1,450,428 122,620 14,847 79,381 615,968 11,057 2,263 121,545 5,206 21,826 16,142 81,823 67,537 15,763 24,318 47,043 110,169 268 2,051 43,817 `—`
	12,618,029	6,217,824
Governancecosts Governancecosts-accountancyfees Governancecosts-auditfees Governancecosts-legalandotherprofessionalfees	26,214 29,503 —	12,054 27,000 23,849
	55,717	62,903
Expenditureoncharitableactivities	12,673,746	6,280,727