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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||
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|Registered|charity|name|ISLAMIC SHAKHSIYAH|ISLAMIC SHAKHSIYAH|FOUNDATION|FOUNDATION|
|---|---|---|---|---|---|---|
|Charity registration||number|1155314||||
|Principal office|||1"Floor||||
||||277 StAnn's Road||||
||||London||||
||||N15 5RG||||
|The trustees|||Farah Ahmed||||
||||Foziya Reddy||||
||||Nadia Ameen||||
||||Angela Neita-resigned|on|31.08.2020||
||||Basma Elshayyal||||
||||Saima Hussain -appointed||on 22.03.2021||
|Auditor|||Saieemi Associates||||
||||Chartered
accountants|8|statutory|auditor|
||||792 Wickham
Road||||
||||Croydon
CRG 8EA||||
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||||||2020||2019|
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|||
|||||funds|funds|Total funds|Total funds|
||||Note|||||
|Income and endowments||||||||
|Donations
and legacies|||4|238,175|530,033|768,208|339,503|
|Charitable
activities|||5|599,716|6,441|606,157|543,323|
|Investment
income|||6|2,203||2,203|3,186|
|Total income||||840,094|536,474|1,376,568|886,012|
|Expenditure||||||||
|Expenditure
on charitable||activities|7|849,038|11,192|860,229|818,592|
|Other expenditure|||8|—|—|—|108,979|
|Total expenditure||||849,038|11,192|860,229|927,571|
|Net income/(expenditure)||and net||||||
|movement
in funds||||(8,944)|525,282|516,339|(41,559)|
|Reconciliation
offunds||||||||
|Total funds brought|forward|||381,777|130,516|512,293|553,852|
|Total funds carried|forward|||372,833|655,798|1,028,631|512,293|
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|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|
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|value, over the useful econo|mic
life ofthat asset a|s follows:|
|---|---|---|
|Land and buildings|10%straight|line|
|Fixture and fittings|25% reducing|balance|
|Equipment|25% reducing|balance|
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|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|
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||||||||Unrestricted|Unrestricted|Restricted|Total Funds|
|---|---|---|---|---|---|---|---|---|---|---|
|||||||||Funds|Funds|2020|
||Charitable|activities||||||849,038|11,192|860,229|
||||||||Unrestricted||Restricted|Total Funds|
|||||||||Funds|Funds|2019|
|||||||||F|||
||Charitable|activities||||||818,592||818,592|
|8.|Other expenditure||||||||||
|||||||Unrestricted|Total Funds||Unrestricted|Total Funds|
|||||||Funds||2020|Funds|2019|
|||||||||E||F|
||Loss on disposal oftangible|||fixed|||||||
||assets held|for charity's|own|use|||||108,979|108,979|
|9.|Net income/(expenditure)||||||||||
||Net income/(expenditure)||is|stated|after|charging/(crediting):|||||
||||||||||2020|2019|
||Depreciation|oftangible|fixed assets||||||16,150|15,651|
||Loss on disposal oftangible|||fixed|assets|||||108,979|
||Operating
lease rentals||||||||3,583|2,548|
|10.|Staffcosts||||||||||
||The total staff costs and||employee||benefits for the reporting|||period are|analysed as|follows:|
||||||||||2020|2019|
|||||||||||F|
||Wages and|salaries|||||||514,533|444,827|
||Social security costs||||||||18,448|10,691|
||Employer contributions||to pension||plans||||7,386|5,450|
||||||||||540,367|460,968|
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|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|
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|2020|2019|
|---|---|
||F|
|68,000|78,000|
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|||At|||At|
|---|---|---|---|---|---|
|||1 August 2019|Income|Expenditure|31July 2020|
|General funds||381,777|840,094|(849,038)|372,833|
|||At|||At|
|||1 August 2018|Income|Expenditure|31 July 2019|
||||F||F|
|General funds||553,852|755,495|(927,570)|381,777|
|Restricted|funds|||||
|||At|||At|
|||1 August 2019|Income|Expenditure|31July 2020|
|Restricted|Fund|130,516|536,474|(11,192)|655,798|
|||At|||At|
|||1 August 2018|Income|Expenditure|31 July 2019|
|||F|F|F||
|Restricted|Fund||130,516||130,516|
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|19.|Analysis ofnet a|sse|ts between funds||||
|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total Funds|
|||||Funds|Funds|2020|
|||||F|||
||Tangibie fixed assets|||14,874|89,540|104,414|
||Current assets|||610,907|566,258|1,177,165|
||Creditors less than|1|year|(184,947)||(184,947)|
||Creditors greater than||1 year|(68,000)||(68,000)|
||Net assets|||372,833|655,798|1,028,632|
|||||Unrestricted|Restricted|Total Funds|
|||||Funds|Funds|2019|
|||||||F|
||Tangible fixed assets|||19,306|82,940|102,246|
||Current assets|||677,334|47,576|724,910|
||Creditors less than|1|year|(236,863)||(236,863)|
||Creditors greater than||1 year|(78,000)||(78,000)|
||Net assets|||381,777|130,516|512,293|
|20.|Analysis ofchanges||in net debt||||
|||||At||At|
|||||1 Aug 2019|Cash flows|31 Jul 2020|
|||||F|F||
||Cash at bank and|in hand||674,586|462,145|1,136,731|
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|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|
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|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)|