|||Page||
|---|---|---|---|
|Reference and Administrative
Details||||
|Report ofthe Trustees|2|to|4|
|Report ofthe Independent
Auditors|5|to|6|
|Statement
of Financial
Activities||||
|Balance Sheet||||
|Cash Flow Statement||||
|Notes to the Cash Flow Statement||10||
|Notes to the Financial Statements|11|to|17|
|Detailed Statement
of Financial
Activities|18|to|19|
##
##
|TRUSTEES|Prof A Ahmod|Prof A Ahmod|||
|---|---|---|---|---|
||Dr M A Bari||||
||Dr M Ahsan||||
||Prof K Ahmad||||
||Dr Z Parvez||||
||Dr RMohammed||||
||Dr M R M Lebbai||||
|PRINCIPAL ADDRESS|The Markfield|Conference Centre|||
||Pathy Lane||||
||Leicester||||
||Leicestershire||||
||LE67 9SY||||
|REGISTERED CHARITY NUMBER|1160353||||
|AUDITORS|Fortus Audit|LLP|||
||Chartered
Accountants||il, Statutory|Auditor|
||31 High View|Close|||
||Hamilton
Office Park||||
||Leicester||||
||Lercestershire||||
||LE4 9LJ||||
##
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##
|||||||2020|2019|
|---|---|---|---|---|---|---|---|
|||||Ijnrestricted|Restricted|Total|Total|
|||||fund|fund|funds|funds|
||||Noles|5||E|E|
|INCOME AND ENDOWMENTS||FROM||||||
|~onations and legacies||||63,568||63.568|299.526|
|Charitable
activities||||||||
|Hire ofConference|facilities|||18,913||18,913|90,256|
|Project funding||||2,853||2,853|29,651|
|Investment
income||||159,709||159,709|I66,225|
|Other income||||150,286||150,286|26,891|
|Total||||395,329||395,329|612,549|
|EXPENDITURE ON||||||||
|Raising funds||||5,458||5,458|I7,438|
|Charitable
activities||||||||
|Donations|||||||2,000|
|General costs||||217,088||217,088|243,017|
|Other||||254,795||254,795|318,7 19|
|Total||||477,341||477,341|581,174|
|Net gains on investments||||59,000||59,000||
|NET INCOME/(EXPENDITURE)||||(23,012)||i23,012)|31,375|
|RECONCILIATION
OF FUNDS||||||||
|Total funds brought|forward|||4,019,834|45,000|4,064,834|4,033,459|
|TOTAL FUNDS CARRIED FORWARD||||3,996,822|45,000|4,041,822|4,064,834|
||||||2020|2019|
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Total|
||||fund|fund|funds|funds|
|||Notes|||5|E|
|FIXED ASSE15|||||||
|Tangible assets||12|2,252.399||2,252,399|2,303.806|
|Investment
property||13|1,656,701||1,656,701|1,597.701|
||||3.909,100||3,909,100|3,901,507|
|CURRENT ASSETS|||||||
|Debtors||14|304,403||304,403|264,024|
|Cash at bank and|in hand||92,550|45,000|137,550|230,597|
||||396,953|45,000|441,953|494,621|
|CREDITORS|||||||
|Amounts
falling due within one year||15|(219,3501||(219,350)|(223,411(|
|NET CURRENT ASSETS|||177,603|45,000|222,603|271,210|
|TOTAL ASSETS LESS|CURRENT LIABILITIES||4,086,703|45,000|4,131,703|4,172,717|
|CREDITORS|||||||
|Amounts
falling due after more than one year||16|(89,881)||(89,8811|(107,8S3]|
|NET ASSETS|||3,996,822|45,000|4,041,822|4.064,834|
|FUNDS|||||||
|Unrestricted
funds|||||3,996,822|4,019,834|
|RestHcted
funds|||||45,000|45,000|
|TOTAL FUNDS|||||4,041,822|4,064,S34|
|||||||2020|2019|
|---|---|---|---|---|---|---|---|
||||||Notes||5|
|Cash flows from|operating||activiTies|||||
|Cash generated
interest paid|from operations|||||(70,536)
~5,705|65,586
~7,046)|
|Net cash (used in)/provided|||by operating||activities|~76,241)|58,540|
|Cash flows from|investing|activities||||||
|Purchase of tangible
fixed|||assets|||(1,093)|(1,140)|
|Interest received||||||1,258|1,580|
|Net cash provided
by investing
activities||||||165|440|
|Cash flows from|financing|activities||||||
|Loan repayments|in year|||||16,971|~15,916)|
|Net cash used
in financing|||activities|||~16,971)|~15.91 6)|
|Change
in cash|and cash||equivalents|in|the|||
|reporting
period||||||(93,0471|43,064|
|Cash and cash equivalents|||at the beginning|||||
|ofthe reporting|period|||||230,597|187,533|
|Cash and cash equivalents|||at the end|of|the|||
|reporting
period||||||137,550|230,597|
##
|RECONCILIATION
OF NET (EXPENDITURE)/INCOME|RECONCILIATION
OF NET (EXPENDITURE)/INCOME|RECONCILIATION
OF NET (EXPENDITURE)/INCOME|TO NET CASH FLOW FROM OPERATING|TO NET CASH FLOW FROM OPERATING|ACTIVITIES||
|---|---|---|---|---|---|---|
||||||2020|2019|
||||||E|2|
|Net (expenditure)/income|for the reporting|period (as per the Statement||of|||
|Financial
Activities)|||||(23,012)|31,375|
|Adjustments
for:|||||||
|Depreciation
charges|||||52,501|52,048|
|Lasses on investments|||||(59,000)||
|Interest received|||||(1,258)|(1,580)|
|Interest paid|||||5,705|7,046|
|Increase
in debtors
Decrease m creditors|||||(40,379)
~5,093)|(11,826)
~11,477)|
|Net cash (used in)/provided|by operations||||~70,536)|65,586|
|2.|ANALYSIS OF CHANGES|ANALYSIS OF CHANGES||IN NET FUNDS||||
|---|---|---|---|---|---|---|---|
||||||At 1.1.20|Cash flow|At 31.12.20|
||Net cash|||||||
||Cash at bank and|in hand|||230,597|~93,047]|137,550|
||||||230,597|~93.047)|137,550|
||Debt|||||||
||Debts fa ling due within|||I year|(16,710)|(1,0301|(17,740)|
||Debts falling due|after|I|year|(107,883)|18,002|~89,881)|
||||||(124,593)|16,972|(107,6211|
||Total||||106,004|$76,075)|29,929|
##
##
##
##
##
|DONATIONS|AND LEGACIES|AND LEGACIES|AND LEGACIES||||||
|---|---|---|---|---|---|---|---|---|
||||||||2020|2019|
|||||||||5|
|Donations|||||||63,568|299,526|
|INVESTMENT|INCOME||||||||
||||||||2020|2019|
|Rents received|||||||158N51|164,645|
|Deposit account interest|||||||1,258|1,580|
||||||||159,709|I66,225|
|INCOME FROM CHARITABLE ACTIVITIES|||||||||
||||||||2020|2019|
|||||Activity|||5|E|
|Hire ofconference||facilities||Hire ofConference|facilities||18,913|90,256|
|Project funding||||Project funding|||2,853|29,651|
||||||||21,766|119,907|
|OTHER INCOME|||||||||
||||||||2020|2019|
|||||||||E|
|Service charges receivable|||||||16,556|15,541|
|Other income|||||||11,848|11,350|
|CDVID- government|||grants||||121,882||
||||||||150,286|26.891|
|RAISING FUNDS|||||||||
|Other trading|activities||||||||
||||||||2020|2019|
||||||||E||
|Properly management|||expenses||||5,458|17,438|
|CHARITABLE|ACTIVITIES COSTS||||||||
||||||||Support||
|||||||Direct|costs (see||
|||||||Costs|note 8j|Totals|
|Generalcosts||||||210,338|6,750|217,088|
##
##
##
##
##
##
|STAFF COSTS|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||2020|2019|
||||||||||8|8|
|Wages and salanes|||||||||192,524|223,253|
|Social security|costs||||||||14,069|16,489|
|Other pension||costs|||||||3,745|3.275|
||||||||||210,338|243,017|
|The average|monthly|||number|of employees||during|the year was as follows:|||
||||||||||2020|2019|
|Administration||and|governance||||||7|7|
|Other|||||||||3|3|
||||||||||10|10|
|No employees||received emoluments||||in excess of860.000.|||||
|COMPARATIVES||FOR||THE STATEMENT||OF FINANCIAL||ACTIVITIES|||
|||||||||Unrestricted|Restricted|Total|
|||||||||fund|fund|funds|
|INCOME AND|ENDOWMENTS||||FROM||||||
|Donations and||legacies||||||299,526||299,526|
|Chariitable
activities|||||||||||
|Hire ofConference|||facilities|||||90,256||90,256|
|Project funding||||||||29,651||29,651|
|Investment
income||||||||166,225||I66,225|
|Other income||||||||26,891||26,891|
|Total||||||||612,549||612,549|
|EXPENDITURE|ON||||||||||
|Raising funds||||||||17,438||17,438|
|Chariitable
activities|||||||||||
|Donations||||||||2,000||2,000|
|General costs||||||||243,017||243,017|
|Other||||||||318,719||318,719|
|Total||||||||581,174||581.174|
||COMPARATIVES|FOR THE STATEMENT|OF FINANCIAL|ACTIVITIES -|ACTIVITIES -|continued|||
|---|---|---|---|---|---|---|---|---|
|||||||Unrestricted|Restricted|Total|
|||||||fund|fund|funds|
||NET INCOME|||||31,375||31,375|
||RECONCILIATION|OF FUNDS|||||||
||Total funds brought
forward||||||||
||As previously
reported|||||3,981.861|45,000|4,026,861|
||Pnor year adjustment|||||6,598||6,598|
||As restated|||||3,988,459|45,000|4.033,459|
||TOTAL FUNDS CARRIED FORWARD|||||4,019,834|45,000|4,064.834|
|12.|TANGIBLE FIXED ASSETS||||||||
|||||Fixtures|||||
||||Freehold|and||Motor|Computer||
||||property|fittings||vehicles|equipment|Totals|
||||8|8||8|F|8|
||COST||||||||
||At
I January 2020||2,341,154|68,|170|75|283|2,409,682|
||Additions||||919|174||1,093|
||At 31 December|2020|2,341,154|69,089||249|283|2,410,775|
||DEPRECIATION||||||||
||At
I January
2020||92,710|12,850||33|283|105.876|
||Charge for year||46,822|5,624||54||52,500|
||At 31 December|2020|139,532|18,474||87|283|158,376|
||NET BOOK VALUE||||||||
||At 31 December|2020|2,201,622|50,615||162||2,252,399|
||At 31 December|2019|2,248,444|55,320||42||2,303,806|
|13.|INVESTMENT PROPERTY||||||||
||FAIR VALUE||||||||
||At
I January
2020|||||||1,597,701|
||Revaluation|||||||59,000|
||At 31 December|2020||||||1,656,701|
||NET BOOK VALUE||||||||
||At 31 December|2020||||||1,656,701|
||At 31 December|2019||||||1,597,701|
##
|14.|DEBTORS||||
|---|---|---|---|---|
||||2020|2019|
||Amounts
falling due within|one year:|||
||Trade debtors||49,548|16,955|
||Kube Publishing
Limited||83,140|80,640|
||Markfield
institute
of Higher|Education|95,069|66,953|
||VAT||2,883|814|
||PrepaYments||11,966|14,113|
||||242,606|179,475|
||Amounts
falling due after more than one year:||||
||Markfield
institute of Higher|Education|61,797|84,549|
||Aggre gate amounts||304,403|264,024|
|15.|CREDITORS: AMOUNTS
FALLING DUE WITHIN ONE YEAR||||
||||2020|2019|
||Bank loans and overdrafts|fsee nate 17)|17,740|16.710|
||Trade creditors||15,929|20,382|
||Taxation and social security||2,733|4,209|
||Other creditors||182,948|182,110|
||||219,350|223NI I|
|16.|CREDITORS: AMOUNTS
FALLING DUE AFTER MORE THAN ONE YEAR||||
||||2020|2019|
||Bank loans isee note 17i||89,881|107,883|
|17,|LOANS||||
||An analysis ofthe maturity
of loans
is given below||||
||||2020|2019|
||Amounts
falling due within|one year on demand.|||
||Bank loan||17,740|16,710|
||Amounts
falling between one and two years:||||
||Bank loan||18,627|I7,542|
||Amounts
falling due between
two and five years:||||
||Bank loan||48,137|58,045|
||Amounts
falling due in more than five years:||||
||Repayable
by instalments.||||
||Bank loan||||
##
##
|||||||||2020|2019|
|---|---|---|---|---|---|---|---|---|---|
|||||||||8||
|Bank leans||||||||107,621|124,593|
|Bank loans are||secured on the asset to which they relate.||||||||
|MOVEMENT
IN|FUNDS|||||||||
|||||||||Net||
|||||||||movement|At|
||||||||At 1.1.20|in funds|31.12.20|
|Unrestricted
funds||||||||||
|General fund|||||||4,019,834|123,012)|3,996,822|
|Restricted funds||||||||||
|Scholarship|||||||45,000||45.000|
|TOTAL FUNDS|||||||4,064,834|~23,012)|4,041,822|
|Net movement||in funds, included||in the above|are as follows:|||||
|||||||Incoming|Resources|Gains and|Movement|
|||||||resources|expended|losses|in funds|
|Unrestricted
funds||||||||||
|General
fund||||||395,329|)477,341)|59,000|)23,012)|
|TOTAL FUNDS||||||395,329|)477,341)|59,000|~23,012)|
|Comparatives|for movement||in funds|||||||
||||||||Prior|Net||
||||||||year|movement|At|
|||||||At 1.1.19|adjustment|in funds|31,12.19|
|||||||||5||
|Unrestricted
funds||||||||||
|General
fund||||||3,981,861|6,598|31,375|4,019.834|
|Restricted funds||||||||||
|Scholarship||||||45,000|||45,000|
|TOTAL FUNDS||||||4,026,861|6,598|31,375|4,064,834|
|Comparative|net movement||in funds, included||in|the above are as follows||||
||||||||Incoming|Resources|Movement|
||||||||resources|expended|in funds|
||||||||5||5|
|Unrestricted
funds||||||||||
|General fund|||||||612,549|1581,174)|31.375|
|TOTAL FUNDS|||||||612,549|j581,174)|31,375|
##
##
##
##
##
||||2020|2019|
|---|---|---|---|---|
||||E|E|
|INCOME AND ENDOWMENTS|||||
|Donations and legacies|||||
|Donations|||63.568|299,526|
|Investmerit
income|||||
|Rents received|||158451|I64.645|
|Deposit account interest|||1,258|1,580|
||||159,709|I66,225|
|Charitable
activities|||||
|Hire ofconference|facilities||18,913|90,256|
|Project funding|||2,853|29,651|
||||21,766|119,907|
|Other income|||||
|Service charges receivable|||16,556|15,541|
|Other income|||11,848|11,350|
|COVID- government||grants|121,882||
||||150,286|26,891|
|Total incoming
resources|||395,329|612,549|
|EXPENDITURE|||||
|Other trading
activities|||||
|Property management||expenses|5,458|I7.438|
|Charitable
activities|||||
|Wages|||192,524|223,253|
|Social security|||14.069|I6,489|
|Pensions|||3,745|3.275|
|Donations
paid||||2,000|
||||210,338|245,017|
|Other|||||
|Hire of equipment|||2,221|3,214|
|Advertising
ond promation|||560|24894|
|Rates and water|||29,317|24,849|
|Insurance|||18,605|18.423|
|Lightand
heat|||48,360|60,486|
|Motor and travel expenses|||594|1.695|
|Pnnting, postage and||stationery|6,757|7,526|
|Telephone|||2,748|4,707|
|ITand internet costs|||2.203|5,247|
|Library costs|||14,896|12495|
|Repairs and maintenance|||14,364|19,511|
|Cleo ning|||7.500|19,760|
|Bank charges|||42|46|
|Legal and professional|||26.676|15,916|
|Financial operations|||18,452|16,840|
|Meals and occommodation|||3,294|15,893|
|Staff training||||323|
|Cadied forward|||196,589|251,825|
##
##
||2020|2019|
|---|---|---|
|Other
Brought forward
Freehold property dep'n
Fixtures 8, fittings dep'n
Motor vehicle dep'n|196,589
46,823
5,624
54|251,825
45,887
6,147
14
50|
|Bank interest
Bank loan interest|5,705|6,996|
||254,795|310,919|
|Support costs|||
|Governance
costs
Auditors'
remuneration|6,750|7,800|
|Totalresources
expended|477,341|581,I74|
|Net (expenditure)/income|~82,012i|31,375|