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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|





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|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|





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|||`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<br>1|IL~VJL~~JJ<br>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<br>Totalfundsbroughtforward||~n~~aQ~~|1!1A1OA7~|ZAGl11711|
|Totalfundscarriedforward|||||





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





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





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|<br>**value,overtheusefulecono**|**miclife**|**ofthatassetasfol**|
|---|---|---|
|**Leaseholdimprovements**|**-**|**10%straightline**|
|**Fixturesandfittings**|**-**|**10%straightline**|
|**Equipment**|**-**|**20%straightline**|



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|Charitableactivities|||||
|---|---|---|---|---|
||Unrestricted|TotalFunds|Unrestricted|TotalFunds|
||`Funds`|<br>`2023`|<br>`Funds`|<br>`2022`|
||£|£|£|£|
|Providingtechnicalandvoluntary<br>secondaryeducation|21,778,699|21,778,699|13,279,461|13,279,461|
|Paymentsfromgovernmentsorpublic|||||
|authoritiesinthenormalcourseof<br>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`|<br>`2023`|<br>`Funds`|<br>`2022`|
|`£`|`£`|`£`|`£`|
|138,348|138,348|98,929|98,929|





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



|Expenditureonprovisionoftechn<br>education|icalandvolunta|rysecondary|||
|---|---|---|---|---|
||Unrestricted|TotalFunds|Unrestricted|TotalFunds|
||`Funds`|<br>`2023`|<br>`Funds`|<br>`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|





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



## 

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



## 

|`2023`|`2022`|
|---|---|
|`£`|`£`|
|29,500|22,500|



## 

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



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



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|**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|





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|**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|





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



## 

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





## 

## 

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



## 

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



## 

|Relatedparties|Relatedparties|Relatedparties|||
|---|---|---|---|---|
|Duringtheyearthecharityenteredintothefollowingtransactionswith|||relatedparties:<br>Balanceowed|by/(owed|
||Transaction|value|to)||
||`2023`|`2022`|`2023`|`2022`|
||`£`|`£`|`£`|`£`|
|NNaqvi-Debtor<br>ZBhatti-Debtor|42,890<br>(10,171)|—<br>—|(510)<br>—|5,690<br>10,171|
|GlobalKidneyFoundation-Donations<br>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<br>AbdullahMushtaq|976,047|1,128,278|—|42,594|





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





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## 

||`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|





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