2020-07-31-accounts - Islamic Shakhsiyah Foundation

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				Page
Trustees' annual report
Independent	auditor's	report to	the members	13
Statement of	financial	activities		16
Statement of	financial	position		17
Statement of	cash flows			18
Notes to the financial		statements		19
The following	pages	do not form part ofthe financial statements
Detailed statement of		financial	activities

Year ended 3'i July 20	20
			2020	2019
Cash flows from operating	activities
Net income/(expenditure)			516,339	(41,559)
Adjustments for:
Depreciation oftangible fixed assets			16,150	15,651
Profit on investment			(2,203)	(3,186)
Loss on disposal oftangible	fixed assets			108,979
Accrued (income)/expenses			(23,896)	26,717
Changesin:
Stocks			(495)	131
Trade and other debtors			10,385	6,885
Trade and other creditors			(38,020)	138,534
Cash generated from operations			478,260	252,152
Profit on investment			2,203	3,186
Net cash from operating activities			480,463	255,338
Cash flows from investing	activities
Purchase oftangible assets			(18,318)	(93,006)
Proceeds from sale oftangible assets				5,892
Net cash used in investing activities			(18,318)	(87,114)
Net increase in cash and cash equivalents			462,145	168,224
Cash and cash equivalents	at beginning	ofyear	674,586	506,362
Cash and cash equivalents	at end ofyear		1,136,731	674,586

Ye	ar ended 3	1 July 2020	1 July 2020
4.	Donations	and legacies (continued)
					Unrestricted	Restricted	Total Funds
					Funds	Funds	2019
					F
	Donations
	Donations					65,153	65,153
	Just Giving		appeal			49,472	49,472
	LaunchGood		appeal
	Grants
	Early years		grant		224,878		224,878
	Job retention		grant
					224,878	114,625	339,503
5.	Charitable	activities income
					Unrestricted	Restricted	Total Funds
					Funds	Funds	2020
					E
	Tuition fees		and school activities		595,878	6,441	802,319
	Uniform and		book sale		3,460		3,460
	Other income from other charitable			activities	378		378
					599,716	6,441	806,157
					Unrestricted	Restricted	Total Funds
					Funds	Funds	2019
						F
	Tuition fees		and school activities		523,930	14,741	538,672
	Uniform and		book sale		3,063		3,063
	Other income from other charitable			activities	438	1,150	1,588
					527,431	15,891	543,323
8.	Investment		income
				Unrestricted	Total Funds	Unrestricted	Total Funds
				Funds	2020	Funds	2019
				F		F	F
	Profit on investment			2,203	2,203	3,186	3,186

12.	Tangible fixed asse	ts
		Land and	Fixtures and
		buildings	fittings	Equipment	Total
			E	F	F
	Cost
	At 1 August 2019	92,156	71,633	29,573	193,362
	Additions	17,792	146	380	18,318
	At 31July 2020	109,948	71,779	29,953	211,680
	Depreciation
	At 1 August 2019	9,216	56,163	25,737	91,116
	Charge for the year	11,192	3,904	1,054	16,160
	At 31July 2020	20,408	60,067	26,791	107,266
	Carrying amount
	At 31July 2020	89,540	11,712	3,162	104,414
	At 31 July 2019	82,940	15,470	3,836	102,246
13.	Stocks
				2020	2019
	Raw materials and consumables			2,672	2,177
14.	Debtors
				2020	2019
	Trade debtors			21,145	41,583
	Provision for doubtful	debts		(16,000)	(15,000)
	Prepayments and accrued income			31,617	21,564
				37,762	48,147
15.	Creditors: amounts	falling due within one year
				2020	2019
	Trade creditors			21,152	18,339
	Accruals and deferred	income		129,761	153,647
	Social security and other taxes			8,812	6,932
	Other creditors			15,232	12,945
	Qard e Hasana			10,000	45,000
				184,947	236,863

2020	2019
	F
68,000	78,000

Year ende	d 31 July 2020
			2020	2019
			E
Income and endowments
Donations	and legacies
Donations			503,768	65,153
Just Giving	Appeal		13,926	49,472
LaunchGood	appeals		12,339
Early years	grant		208,301	224,878
Job retention grant			29,874
			768,208	339,503
Charitable	activities
Tuition fees	and school activities		602,319	538,672
Uniform and	book sale		3,460	3,063
Other income from other charitable		activities	378	1,588
			606,157	543,323
Investment	income
Profit on investment			2,203	3,186
Total income			1,376,568	886,012

ISLAMIC SHAKHSIYAH FOUNDATION Notes to the Detailed Statement ofFinancial	ISLAMIC SHAKHSIYAH FOUNDATION Notes to the Detailed Statement ofFinancial	ISLAMIC SHAKHSIYAH FOUNDATION Notes to the Detailed Statement ofFinancial	Activities
Year ended 31 July 2020
Expenditure on charitable		activities
Wages and salaries				514,533	444,827
Employer's NIC				18,448	10,691
Pension costs				7,386	5,450
Operating leases				3,583	2,548
Rent, rates and water				164,190	153,449
Light and heat				15,212	25,021
Repairs and maintenance				8,149	13,091
Insurance				7„632	6,580
Cleaning, waste and recycling				24,845	38,269
Legal and professional	fees			480	1,941
Telephone				3,210	4,267
Depreciation				16,150	15,651
Resources purchase				11,280	8,913
Uniform cost				2,925	4,016
Milk expenses				1,835	2,497
Printing, postage and stationery				4,852	4,520
School event charges				7,126	10,318
Ofsted charges and subscriptions				8,114	4,664
General expenses				2,841	8,422
Cost ofPE Lessons				9,476	13,600
School Relocation: Architect		8 planning			1,479
Computer costs				1,632	1,294
Bad Debts				24,210	18,012
Staff training				2,587	6,415
Website and advertising				1,534	12,657
				880,229	818,592
Other expenditure
Loss on disposal oftangible		fixed assets held for charity's	own use		108,979
Total expenditure				880,229	927,571
Net income/(expenditure)				516,339	(41,559)