Company Registration Number - 08663526 

The Charity Registration Number is :-    1163646 

Type text here 

Cambridge Islamic College 

## Report and Accounts 

31 August 2020 



## **Cambridge Islamic College** 

## **Report and accounts for the year ended 31 August 2020** 

## **Contents** 

||**Page**||
|---|---|---|
|**Charity information**||1|
|**Trustees' Annual Report**||1|
|**Statement of directors' responsibilities**||10|
|**Independent Examiner's Report**||12|
|**_Funds Statements:-_**|||
|Statement of Financial Activities||14|
|Statement of Financial Activities - Prior Year statement||15|
|Movements in funds||16|
|Revenue Funds||16|
|Income and Expenditure account||17|
|Summary of funds||16|
|**Balance sheet**||18|
|**Notes to the accounts**||19|





Company Registration Number - 08663526 

## **Cambridge Islamic College** 

## **Trustees' Annual Report for the year ended 31 August 2020** 

The Trustees present their annual report together with the financial statements for the 1 September 2019 to 31 August 2020, which also comprises the Directors' Report required  by the Companies Act 2006. The Trustees confirm that the Annual Report and financial statements of the company comply with the current statutory requirements, the requirements of the company's governing document and the provisions of the  'FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities)  2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), published by the Charity Commission in England & Wales (CCEW) , effective January 2019,  and in accordance with all applicable law in the charity's jurisdiction of registration, except that the charity has prepared the financial statements in accordance with the FRS 102 SORP ,  in preference to the previous SORP, the SORP 2005, which has been withdrawn, notwithstanding the fact that the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008 refer explicitly to the SORP 2005. This has been done to accord with current best practice 

Since the company qualifies as small under section 383, the strategic report required of medium and large companies under The Companies Act 2006 (Strategic Report and Director's Report) Regulations 2013 is not required. 

## **Reference and administrative details** 

_**The charity name.**_ 

The legal name of the charity is:- Cambridge Islamic College 

The charity's operating name is  Cambridge Islamic College 

## _**The charity's areas operation and UK charitable registration.**_ 

The charity is registered in England & Wales with the Charity Commission in England & Wales (CCEW)  with charity number 1163646 

_**Legal structure of the charity**_ 

Cambridge Islamic College is a company limited by guarantee, registered under the Companies Acts, with company registration number 8663526, governed by its Memorandum and Articles of Association dated 27 August 2013 as amended by special resolution registered on 11 September 2015. It is registered as a charity with the Charity Commission with registration number 1163646. 

There are no restrictions in the governing documents on the operation of the Charity or on its investment powers other than those imposed by Charity Law. 

By operation of law all, trustees are directors under the Companies Act 2006 and all directors are trustees under Charities legislation and have responsibilities, as such, under both company and charity legislation. 

The trustees are all  individuals. 

1 



## **Cambridge Islamic College** 

Company Registration Number - 08663526 

## **Trustees' Annual Report for the year ended 31 August 2020** 

**The principal operating address, telephone number, email and web addresses of the charity are:-** 58 STURTON STREET CAMBRIDGE , CB1 2QA Telephone 01223655223 Email Address info@cambridgeislamiccollege.org Web address www.cambridgeislamiccollege.org The registered office of the charity for Companies Act purposes is the same as the operating address shown above. **The Trustees in office on the date the report was approved were:-** Awais Ahmed Awan Dr Mohammad Akram Mohammad Javed Zafar Ahmed Kurnool **The following persons served as Trustees during the year ended 31 August 2019 :-** Mohammed Faisal Khaffar Zafar Ahmed Kurnool Awais Ahmed Awan Dr Mohammad Akram Mohammad Javed All the trustees are also members of the charity **Custodian Trustees holding assets on behalf of the charity** The details of persons holding title to property belonging to the charity, as custodian trustees, or nominees, at the date the accounts were approved were :- Mohammed Faisal Khaffar Awais Ahmed Awan Zafar Ahmed Kurnool It is the intention in due course for the title of the property to be transferred to the name of the charity, and solicitors hoped to complete this process in the course of 2020. However, this was delayed due to the COVID pandemic. 

## **Objects, strategies and activities of the charity** 

## _**The purposes of the charity as set out in its governing document.**_ 

The objective of Cambridge Islamic College is: 

For the public benefit, the advancement of education, in particular but not exclusively through the provision of higher education in Islamic Studies. 

2 



## **Cambridge Islamic College** 

Company Registration Number - 08663526 

## **Trustees' Annual Report for the year ended 31 August 2020** 

## _**The main activities undertaken in relation to those purposes during the year.**_ 

Cambridge Islamic College’s mission is to produce a generation of independent Islamic scholars and thinkers who are at the same time working professionals contributing to the wider British society. Cambridge Islamic College is committed to bridging the disconnect between mainstream secular education and specialised Islamic studies. It puts particular emphasis on attracting bright, capable students who are already professionals or on the way to becoming professionals. It expects its graduates to be active as role models in their communities, respected both for their knowledge of the religion and for the flexibility, realism, and independence of mind with which they apply it. In this way they will inspire others to combine the practice of Islam with a positive concern to use their personal and professional skills for the benefit of the whole society. 

Cambridge Islamic College takes its students through a rigorous and critical study of the classical Islamic sciences and their sub-disciplines. Alongside the Islamic sciences, the contemporary challenges facing the world and Muslims in particular, are a core focus of the curriculum. Students are encouraged to develop an informed understanding of the shared and different values among Muslims and non-Muslims, and to cultivate the essentially religious virtue of respect and tolerance of others. That virtue is also the basis of civility and good citizenship, and the foundation of a cohesive society that embraces and enjoys its diversity. 

The most basic function of education is to equip the young with the skills and knowledge that will enable them to participate fully in the human world that they inherit from the older generation and to live ‘a good life’. In recent times this function has come to be understood in the narrow sense of instruction that equips the young to be economically productive, that is, to earn a living. The religious underpinnings and values of ‘a good life’, such as mutual respect and caring, have come to be largely subordinated to economic activity. The negative outcomes of limiting education in this way are everywhere obvious and everywhere on the increase. 

Cambridge Islamic College is dedicated to restoring the full meaning of education by offering an opportunity to study, comprehensively and critically, the syllabus of a classical education in the Islamic sciences sensitively adapted for our time. The core aims of the teaching program are: 

To give students the necessary skills in reading and using both classical and modern Arabic. Without these skills they cannot expect to access the vast treasury of Islamic thought and culture, still less to benefit by interrogating it critically. Also, Arabic remains the common language among Islamic scholars from different parts of the world and is therefore essential for the exchange of perspectives and experiences. 

To teach students the basic techniques and responsibilities of academic research, how to read sources critically, how to negotiate and evaluate arguments and counter-arguments, and how to build their own arguments through writing and speaking exercises 

To enable students to read the Qur’an and Qur’anic commentary (tafsir) so that they understand how its teaching educates conscience and behaviour. They should be able to explain to others, as well as understand for themselves, how the guidance of the Qur’an relates to contemporary issues and circumstances. 

To teach students the history and development of sira (the biography of the Prophet) and of the hadith sciences: emphasis will be placed on understanding when and how the major hadith compilations were recorded, how the material was assessed and interpreted to inform the norms and rules of individual and collective life, and its continued relevance today. 

To give students a firm grasp of the major events in the evolution of fiqh (Islamic jurisprudence), the major schools of law, their commonalities and differences, and the good manners (adab) in managing plurality of legal opinion. 

To help students think through some of the theological and philosophical controversies that have persisted in Islamic societies over the centuries and the cultural and political consequences of these controversies in terms of inter-sectarian and inter-religious polemic. 

To help students think through some of the theological and philosophical controversies that have persisted in Islamic societies over the centuries and the cultural and political consequences of these controversies in terms of inter-sectarian and inter-religious polemic. 

3 



## **Cambridge Islamic College** 

Company Registration Number - 08663526 

## **Trustees' Annual Report for the year ended 31 August 2020** 

_**The main activities undertaken during the year to further the charity's purpose for the public benefit.**_ 

The benefit of the College's activities extends to the whole of the general public: 

The College is a reliable avenue for both Muslims and non-Muslims to undertake a critical study of Islamic sciences and to carry out research. 

It is a place for advancement of and equal access for female scholarship, education, teaching and learning. 

It is a reliable source of information and knowledge about Islam for the general public and Muslim youth in particular. Thus providing a channel of mainstream Islam which often is lacking, resulting in young people being attracted to extremist information channels particularly on the internet. 

It is a reliable source of information and knowledge about Islam for the general public and Muslim youth in particular. Thus providing a channel of mainstream Islam which often is lacking, resulting in young people being attracted to extremist information channels particularly on the internet. 

It is a center for building bridges between different communities via interfaith activities and community outreach programmes. 

It caters for the curricular needs of schools and colleges in Cambridgeshire of Islam and Muslim culture. 

It provides space for the local community for events and activities when the College building is not in use. 

It makes Islamic information and scholarship more accessible to the public via electronic mediums. It makes scholarships and bursaries available to those who are in need to pursue studies at the College. 

The trustees have had regard to the Charity Commission's guidance on public benefit in managing the activities of the charity. 

4 



## **Cambridge Islamic College** 

Company Registration Number - 08663526 

## **Trustees' Annual Report for the year ended 31 August 2020** 

## _**The contribution of volunteers during the year.**_ 

## **Volunteers** 

The College recruited 8 volunteers during this period from different parts of the world. They are involved in promoting the College via social media. Local volunteers participate in organising fundraising events, administrative work and maintaining of the College premises 

## **The main achievements and performance of the charity during the year.** 

## **a. Key financial performance indicators** 

## **Net Income Growth – Minimum 10%** 

The Net Loss for the College has decreased from £162,903 in 2019 to **£27,602** in 2020. The decline in loss is due to the additional revenue from full-time programmes, income from property and donations 

## **Starting of full-time programmes** 

The College started 2 new full-time residential programmes in September 2018 – (1) Advanced Alimiyyah Degree in Arabic and Islamic Studies and (2) Arabic Language Mastery Programme. The first cohort of the Alimiyyah programme and the full Arabic programme was successfully completed in July 2020. 

## **b. Achievement and Performance** 

## **Long-term Diplomas** 

College’s is continuing to offer its long term structured diploma programmes taught by its Dean, Dr Mohammad Akram Nadwi and supported by a panel of 6 tutors. 

Diploma in Introduction to Classical Islamic Texts is a diploma programme that was carefully designed and structured to give a thorough and meaningful introduction to the major classical Islamic texts related to the Qur'an, the Hadith, Fiqh, Usul al-Fiqh, Philosophy and Logic or the Refutation of Philosophy and Logic, and History. This programme was looking at the early Muslim scholars - the thinkers of Islam - and their works. Through the study of the great scholars, their great minds, their advanced methodologies and sophisticated work, students could begin to understand the true depth and breadth of real Islamic scholarship. 

Diploma in Introduction to Classical Islamic Texts is a diploma programme that was carefully designed and structured to give a thorough and meaningful introduction to the major classical Islamic texts related to the Qur’an, the Hadith, Fiqh, Usul al-Fiqh, Philosophy and Logic or the Refutation of Philosophy and Logic, and History. This programme was looking at the early Muslim scholars – the thinkers of Islam – and their works. Through the study of the great scholars, their great minds, their advanced methodologies and sophisticated work, students could begin to understand the true depth and breadth of real Islamic scholarship. 

5 



## **Cambridge Islamic College** 

Company Registration Number - 08663526 

## **Trustees' Annual Report for the year ended 31 August 2020** 

Diploma in Arabic and Islamic Studies was a two-year foundational/intermediate level course in Arabic and Islamic studies. It was designed to qualify participants for admission into the College’s full-time ‘Alimiyyah Islamic Scholarship Degree programme planned for September 2018, as well as for those who wished to achieve general competency in Arabic and Islamic studies. The course comprised of four components: Arabic language, hadith, fiqh and general Islamic studies. It was expected for this course to meet the basic needs of Muslims living in the West. By doing this course, alongside doing the national curriculum, the students will get a secure foundation on which they can build intelligent, informed practice of their religion, and from which they can proceed to further and deeper study of Arabic and of the Islamic sciences. 

Diploma in Advanced Quranic Studies is a two-year intensive programme looking at how to study, understand and interpret the Qur’an based on Surah Al-Baqarah - the longest and most comprehensive surah in the Qur’an. This two-year course represents a serious commitment to go through tafsir (exegesis) of the surah in detail so that students can understand the breadth and depth of the message of the Qur’an. In addition to the tafsir the student will study many of the other sciences of the Qur’an as well as the principles of tafsir through this programme. 

The College continues to offer these courses as an online offering via its Learning Management System to provide public benefit while also benefiting from a steady stream of income to support its activities. These accessed by students from all over the world in 220 cities in 40 countries. 

## **Short-Term Online Diplomas** 

The College successfully revamped its online diploma programmes to make them more structured. The current offering is titled Diploma in Essential Islamic Sciences and is delivered under 3 levels for gradual progression. 

These courses were repacked and now delivered under the DeepDeen.tv platform. 

## **New Programmes** 

The College successfully completed one year of its full-time residential programmes which significantly boosted the image and the credibility of the College. 

## **DEEPDEEN.TV** 

The College’s subscription-based video platform called DEEPDEEN.TV continues to cater for the general public who are interested in the lectures and courses at the College but are not committed to or does not have the time to formally study at the College. This platform serves the needs of the public and well as bringing in much needed revenue to the College.. 

## **College Building** 

The College building has been used to conduct our onsite classes, mainly the Alimiyyah and Arabic programmes. 

The College’s adjoining 10-bedroom house at 56 Sturton Street was granted planning permission to convert the house to a 10-room HMO (House of Multiple Occupancy). Renovations were completed and rooms are rented out bringing in significant revenues to the College. 

## **IT Systems** 

The College’s Learning Management System continued to help students to access lessons, tutorials, textbooks, exercises and exams remotely from anywhere in the world and to collaborate and discuss with tutors and fellow students to enhance their learning experience. The College continues its virtual classroom platform for live interactive video learning. The College continued to maintain its in-house capabilities to direct, record and produce professional quality video for its portfolio of online courses, saving significant costs in hiring third party production companies. 

These systems continue to provide real value for the College by increasing efficiency and effectiveness of its operations and reducing costs. 

6 



## **Cambridge Islamic College** 

Company Registration Number - 08663526 

## **Trustees' Annual Report for the year ended 31 August 2020** 

## _**Fundraising activities during the year.**_ 

## **New Fundraising Channels** 

The College started working with charitable foundations to raise funds for student scholarships in addition to continuing with other fundraising channels. The College also raised a significant amount of Zakat for its full-time students. 

## **Structure, governance and management of the charity** 

Cambridge Islamic College is a company limited by guarantee, with company registration number 8663526, governed by its Memorandum and Articles of Association dated 27 August 2013 as amended by special resolution registered on 11 September 2015. It is registered as a charity with the Charity Commission with registration number 1163646. 

## _**The methods used to recruit and appoint new charity trustees.**_ 

The management of the company is the responsibility of the Trustees who are elected and co-opted under the terms of the Memorandum and Articles of Association. 

## _**The policies and procedures for the induction and training of trustees.**_ 

Trustees undergo an orientation session to brief them on: their legal obligations under charity and company law, the Charity Commission guidance on public benefit, and inform them of the content of the Memorandum and Articles of Association, the committee and decision-making processes, the business plan and recent financial performance of the charity. Trustees are encouraged to attend appropriate external training events where these will facilitate the undertaking of their role. 

## **Plans for the future** 

**Summary of plans for the future and the trustees' perspective of the future direction of the charity.** 

The College plans to increase the income from charitable trading activities by providing more online courses as well as through increasing the number of new diploma programmes. This will be further enhanced by the DEEPDEEN.TV platform. 

The College has launched the flagship degree level full-time course. Income from this course will further strengthen the financial position of the College. 

The College plans to establish a scholarship fund for those who are selected for the full-time programme at the College and who are in need of financial assistance. This will be a separate fund managed by the College with private and institutional donors wishing to sponsor full-time students. 

7 



## **Cambridge Islamic College** 

Company Registration Number - 08663526 

**Trustees' Annual Report for the year ended 31 August 2020** 

## **Professional Advisors** 

Bankers Solicitors 

HSBC PLC, 63-64 St Andrew's St, Cambridge CB2 3BZ Stone King LLP, 3rd Floor Bateman House, 82-88 Hills Rd, Cambridge CB2 1LQ 

## **Financial review** 

## Going Concern 

The accounts show net current liabilities at the year-end of £303,390 (2019: £501,485), the College has repaid £150,890 of the existing short-term loans during the past year. 

A surplus for the year ended 31 August 2021 is expected from charitable activities. Moreover, the College has successfully launched its full-time residential programmes and launched DEEPDEEN.TV. These combined with rental income from the house and fundraising drives in different cities in the UK, the outlook into 2021 looks positive. 

Because of the matters described above the Trustees believe that it is appropriate to continue to adopt the going concern basis in preparing these accounts. 

## _**The charity's financial position at the end of the year ended 31 August 2020**_ 

The financial position of the charity at 31 August 2020 and comparatives for the prior period, as more fully detailed in the accounts, can be summarised as follows:- 

|Restricted Revenue Funds<br>**Total Funds**<br>**Net expenditure**<br>Unrestricted Revenue Funds available for the<br>general purposes of the charity|**2020**<br>**£**<br>(24,951)<br>417,277<br>3,265<br>**420,542**|**2019**<br>**£**<br>(162,903)|
|---|---|---|
|||445,493<br>-|
|||**445,493**|



## _**Financial review of the position at the reporting date, 31 August 2020 .**_ 

Total gross income for the College this year is £496,095 (2019: £368,523). Total income is made up of charitable trading activities amounting to £167,710 and voluntary income of £428,385. Total expenditure for the year was £521,046. Net income/(deficit) for the year is (£24,951) (2019: (£162,903)). Total funds at the year-end were £420,452 (2019: £445,493). 

At the year-end, the College had £86,388 funds in the bank after repayment of loans. The College needs to maintain £110,000 reserve for 6 months of expenditure. Since the year-end the College has raised funds to meet the reserve requirements. 

8 



## **Cambridge Islamic College** 

Company Registration Number - 08663526 

## **Trustees' Annual Report for the year ended 31 August 2020** 

## **Availability and adequacy of assets of each of the funds** 

The board of trustees is satisfied that the charity's assets in each fund are available and adequate to fulfil its obligations in respect of each fund. 

## _**Policies on reserves.**_ 

Total gross income for the College this year is £496,095 (2019: £368,523). Total income is made up of charitable trading activities amounting to £167,710 and voluntary income of £428,385. Total expenditure for the year was £521,046. Net income/(deficit) for the year is (£24,951) (2019: (£162,903)). Total funds at the year-end were £420,452 (2019: £445,493). 

At the year-end, the College had £86,388 funds in the bank after repayment of loans. 

The College needs to maintain £110,000 reserve for 6 months of expenditure. Since the year-end the College has raised funds to meet the reserve requirements. 

The college had free unrestricted reserves of approximately £417k (2019 £446k). The anticipated spending for the coming six months is expected to be £130k. The college reserves exceed the six month's spending by £287k. The college's funds are tied up in properties with a book value of approximately £2.1 million which the trustees consider are very important for the college's long term sustainability. The college has liabilities of approximately £1.78 million for which the trustees are working hard to raise funds through fundraising campaigns specifically targeted at raising funds to repay these liabilities. The excess of reserves is held to repay these liabilities. 

_**The major risks to which the Charity is exposed and reviews and systems to mitigate them.**_ 

## **Dependence on Voluntary Income** 

Last year voluntary income contributed to about 71% of the income. This year it has come down to 59%. This is due to the College is diversifying its charitable activities to include a variety of courses to cater for different audiences. Moreover, it is increasing its efforts on marketing to publicise its offering more widely through recruiting professional marketing staff and more volunteers. We look forward to reducing this dependency even further next year. 

## **Short-Term Creditors** 

The ratio of short-term creditors has remained similar to last year. However there is still some  risk for the College as the College would be required to repay these creditors at short notice. These creditors represent those who have advanced interest-free soft loans to the College. Some of whom have converted their loans to donations and others who have shown willingness to extend the loan period if required. The College is seeking to reduce short-term creditors by a combination of following strategies: (a) seeking to extend the loan period and convert them to long-term loans, (b) repay some of the loans through the income generated by voluntary income and charitable activities, and (c) work with the newly explored charitable foundations to seek funding to repay some of the short term loans. 

## **COVID Pandemic - arising after 31st August 2019** 

The current pandemic has adversely affected the operations and finances of the College. Fundraising activities and revenue generating onsite courses had to be suspended because of the lockdown and ongoing restrictions. We furloughed some staff to reduce expenditure and terminated permanent contracts at the end of the current academic year. We have suspended full-time onsite courses for one year to review the situation. 

However, the pandemic has also opened new avenues to expand our online offerings. We are currently working with digital marketing professionals both locally and overseas to tap into new markets. We are also developing new online courses and upgrading our online platforms. We plan to compensate for the lost revenues from onsite courses and fundraising activities via revenues from online offerings. In addition to that we are also launching digital fundraising campaigns to bring in extra revenue. 

## **Details of The Independent Examiner** 

Peter Brown FCCA,FCIE,DChA 

Chartered Certified Accountant, Acomb Grange, Grange Laen, York , YO23 3QZ 

9 



## **Cambridge Islamic College** 

Company Registration Number - 08663526 

## **Trustees' Annual Report for the year ended 31 August 2020** 

## **Statement of  the Directors' and Trustees' Responsibilities** 

The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of  the Companies Act 2006, the Charities Act 2011 and the Charities (Accounts and Reports) Regulations 2008. Notwithstanding the explicit requirement in the extant statutory regulations,the Charities (Accounts and Reports) Regulations 2008, to prepare the financial statements in accordance with the SORP 2005, in view of the fact that the SORP 2005 has been withdrawn, the Trustees determined to interpret this responsibility as requiring them to follow current best practice and prepare the accounts according to the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities)  2015, (as amended by the Bulletin issued in October 2018), (The SORP), 

In particular, the Companies Act 2006 and charity law require the Board of Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Board is required to :- 

- to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). - select suitable accounting policies and apply them consistently; 

- make judgements and estimates that are reasonable and prudent; 

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business; 

- state whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements; 

The law requires that the trustees must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for the year. 

The Trustees are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with the Companies Act 2006 and comply with regulations made under the Charities Act. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. 

The Trustees are also responsible for the contents of the Trustees' report, and the statutory responsibility of the Independent Examiner in relation to the Trustees' report is limited to examining the report and ensuring that , on the face of the report, there are no material inconsistencies with the figures disclosed in the financial statements. 

10 



## **Cambridge Islamic College** 

Company Registration Number - 08663526 

## **Trustees' Annual Report for the year ended 31 August 2020** 

## **Method of preparation of accounts - Small company provisions** 

The financial statements are set out on pages 14 to 33. 

The financial statements have been prepared implementing the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities)  2015, (as amended by the Bulletin issued in February 2016), (The SORP),   and in accordance with the Financial Reporting Standard 102, (effective 1st January 2016) 

These financial statements have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies regime. 

This report was approved by the board of trustees on 30th September 2020 


Zafar Ahmed Kurnool Director and Trustee 

11 



## **Cambridge Islamic College** 

## **Report of the Independent Examiner to the Trustees of the charitable company on the accounts for the year ended 31 August 2020** 

I report to the Trustees on my examination of the financial statements of the charitable company on pages 14 to 33 for the year ended 31 August 2020 which have been prepared in accordance with the Charities Act 2011 (the Act) and  with the Financial Reporting Standard 102, (effective 1st January 2016) as modified by FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities)  2015, (as amended by the Bulletin issued in February 2016), (The SORP),  published by the Charity Commission in England & Wales (CCEW) , and under the historical cost convention and the accounting policies set out on page 19. 

## **Respective responsibilities of the Trustees and the Independent Examiner and the basis of the report** 

As described on page 10, you, the charitable company's Trustees, who are also the Directors of the Company for the purposes of Company law, are responsible for the preparation of the financial statements in accordance with the Companies Act 2006, the Charities Act 2011 and all other applicable law and with United Kingdom Generally Accepted Accounting Practice, applicable to smaller entities, and for being satisfied that the financial statements give a true and fair view. 

The Trustees consider that the audit requirement of  Section 144(1) of the Charities Act 2011 (the Act) does not apply, and that there is no requirement in the memorandum and articles of the charity for the conducting of an audit, and that the accounts do not require an audit in accordance with Part 16 of the Companies Act 2006 and that no member or members have requested an audit pursuant to Section 476 of the Companies Act 2006. As a consequence, the Trustees have elected that the financial statements be subject to independent examination. 

Having satisfied myself that the financial statements are not required to be audited under any legal provision, or otherwise, and are eligible for independent examination, it is my responsibility to:- 

a) examine the financial statements of the charity under Section 145 of the Act; 

b) follow the applicable procedures in the Directions given by the Charity Commission under section 145(5)(b) of the Act. 

## **Basis of Independent Examiner's Statement and scope of work undertaken** 

Since the charitable company's gross income exceeded £250,000, the charitable company's examiner must be a member of a body listed in section 145 of the Act. I confirm that I am qualified to undertake the examination because I am an authorised member of insert the type of the professional body (eg Chartered Certified Accountants or Chartered Accountants etc ) on data sheet row 33, which is one of the listed bodies. 

I report in respect of my examination of the charity's financial statements carried out under s145 of the Act. In carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act setting out the duties of an independent examiner in relation to the conducting of an independent examination.  An independent examination includes a review of the accounting records kept by the charitable company  and of the accounting systems employed by the charitable company and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you, as Trustees, concerning such matters. The purpose of the examination is to establish as far as possible that there have been no breaches of charity legislation and that, on a test basis of evidence relevant to the amounts and disclosures made, the financial statements comply with the SORP. 

The procedures undertaken do not provide all the evidence that would be required in an audit, and information supplied by the Trustees in the course of the examination is not subjected to audit tests or enquiries and does not cover all the matters that an auditor would consider in arriving at an opinion. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide 

12 



## **Cambridge Islamic College** 

Consequently, I do not express an audit opinion on the view given by the financial statements, and in particular, I express no opinion as to whether the financial statements give a true and fair view of the affairs of the charity, and my report is limited to the matters set out in the statement below. 

I planned and performed my examination so as to satisfy myself that the objectives of the independent examination are achieved and before finalising the report I obtained written assurances from the Trustees of all material matters. 

## **Independent Examiner's Statement, Report and Opinion** 

Subject to the limitations upon the scope of my work as detailed above, I have completed my examination: and can confirm that:- 

The accounts of this charitable company  are not required to be audited under Part 16 of the Companies Act 2006; 

The gross income of the charitable company in the year ended 31 August 2020 appears to exceed the sum specified in Section 145(3)  of the Act, namely £250000, and that I am qualified to act as Independent Examiner in accordance with that section by virtue of my being a qualified member of insert the type of the professional body (eg Chartered Certified Accountants or Chartered Accountants etc ) on data sheet row 33; 

This  is a report in respect of an examination carried out under 145 of the Act  and in accordance with Directions given by the Charity Commission under section 145(5)(b) of the Act which may be applicable; 

and that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:- 

accounting records were not kept in respect of the charity as required by Section 386 of the Companies Act 2006 and Section 130 of The Charities Act 2011; 

the financial statements do not accord with those records; or 

the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in section 396 of the Companies Act 2006 other than any requirement that the accounts give a 'true and fair' view, which is not a matter considered as part of an independent examination; 

have not been prepared in accordance with the methods and principles set out in the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities)  2015, (as amended by the Bulletin issued in February 2016), (The SORP). 

We have examined documentation supplied by the trustees relating to remuneration paid to a trustee, and the Trustees intend contacting the Charity Commission for England & Wales for confirmation that the payments have lawfully been made. Such payments have been included in the acocunts on the assumption they are lawful and no adjustment has been made for any decision to the contrary that may be made in the future by  the Charity Commission for England & Wales. 

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. 

## **Signed:-** 

Peter Brown FCCA,DChA Chartered Certified Accountant Acomb Grange Grange Lane York, YO23 3QZ This report was signed on 30 October 2021 

13 



## **Cambridge Islamic College - Statement of Financial Activities for the year ended 31 August 2020** 

## _**Statement of Financial Activities (including the  Income and Expenditure Account for the year ended 31 August 2020, as required by the Companies Act 2006)**_ 

|**Current year**<br>**Unrestricted**<br>**Funds**<br>**2020**<br>**£**<br>**Income & Endowments from:**<br>Donations & Legacies<br>A1<br>279,935<br>Charitable activities<br>A2<br>167,710<br>Other trading activities<br>A3<br>-<br>**Total income**<br>**A**<br>**447,645**<br>**Expenditure on:**<br>Raising funds<br>B1<br>-<br>Charitable activities<br>B2<br>500,724<br>**Total expenditure**<br>**B**<br>**500,724**<br>**Net expenditure for the year**<br>**(53,079)**<br>**Transfers between funds**<br>**C**<br>24,863<br>**Net income after transfers**<br>**A-B-C**<br>**(28,216)**<br>**(28,216)**<br>**Reconciliation of funds:-**<br>**E**<br>**Total funds brought forward**<br>445,491<br>**Total funds carried forward**<br>**417,275**<br>**Net movement in funds**<br>**SORP**<br>**Ref**|**Current year**<br>**Unrestricted**<br>**Funds**<br>**2020**<br>**£**<br>279,935<br>167,710<br>-<br>|**Current year**<br>**Restricted**<br>**Funds**<br>**2020**<br>**£**<br>48,450<br>-<br>-|**Current year**<br>**Total Funds**<br>**2020**<br>**£**<br>**328,385**<br>**167,710**<br>**-**<br>**496,095**<br>**-**<br>**521,046**<br>**521,046**<br>**(24,951)**<br>**-**<br>**(24,951)**<br>**(24,951)**<br>**445,491**<br>**420,540**|**Prior Year**<br>**Total Funds**<br>**2019**<br>**£**<br>262,479<br>103,301<br>2,743|
|---|---|---|---|---|
||**447,645**|**48,450**||**368,523**|
||-<br>500,724|-<br>20,322||216<br>531,210|
||**500,724**|**20,322**||**531,426**|
||||||
||**(53,079)**<br>24,863|**28,128**<br>(24,863)||**(162,903)**<br>-|
|||**3,265**||**(162,903)**|
||**(28,216)**<br>445,491|**3,265**<br>-||**(162,903)**<br>608,394|
||**417,275**|**3,265**||**445,491**|



The 'SORP Ref' indicated above is the classification of income set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the Balance Sheet. 

A separate Statement of Total Recognised Gains and Losses  is not required as this statement includes all recognised gains and losses. 

All activities derive from continuing operations 

**The notes attached on pages 19 to 33 form an integral part of these accounts.** 

14 



## **Cambridge Islamic College - Statement of Financial Activities for the year ended 31 August 2020** 

## **Cambridge Islamic College - Analysis of prior year total funds, as required by paragraph 4.2 of the SORP** 

|**Income from:**<br>Donations & Legacies<br>A1<br>Charitable activities<br>A2<br>Other trading activities<br>A3<br>**Total income**<br>**A**<br>**Expenditure on:**<br>Raising funds<br>B1<br>Charitable activities<br>B2<br>**Total expenditure**<br>**B**<br>**Net expenditure for the year**<br>**Net income after transfers**<br>**Reconciliation of funds:-**<br>**E**<br>**Total funds brought forward**<br>**Total funds carried forward**<br>**Net movement in funds**<br>**SORP**<br>**Ref**|**Prior Year**<br>**Unrestricted**<br>**Funds**<br>**2019**<br>**£**<br>238,428<br>103,301<br>2,743<br> <br>|**Prior Year**<br>**Restricted**<br>**Funds**<br>**2019**<br>**£**<br>24,051<br>-<br>-|**Prior Year**<br>**Total Funds**<br>**2019**<br>**£**<br>**262,479**<br>**103,301**<br>**2,743**<br>**368,523**<br>**216**<br>**531,210**<br>**531,426**<br>**(162,903)**<br>(162,903)<br>**(162,903)**<br>**608,394**|
|---|---|---|---|
||**344,472**|**24,051**||
||216<br>531,210|-<br>-||
||**531,426**|**-**||
||(186,954)|24,051||
||(186,954)|24,051||
||**(186,954)**<br>607,582|**24,051**<br>812||
||**420,628**|**24,863**|**445,491**|



## **All activities derive from continuing operations** 

A separate Statement of Total Recognised Gains and Losses is not required as this statement includes all recognised gains and losses.' 

## **The notes attached on pages 19 to 33 form an integral part of these accounts.** 

15 



## **Cambridge Islamic College - Statement of Financial Activities for the year ended 31 August 2020** 

## **Cambridge Islamic College - Resources applied in the year ended 31 August 2020 towards fixed assets for Charity use:-** 

|Funds generated in the year as detailed in the SOFA<br>Resources applied on functional fixed assets<br>**Net resources available to fund charitable activities**|**2020**<br>**£**<br>(24,951)<br>(270,272)<br>**(295,223)**|**2019**<br>**£**<br>(162,903)<br>(11,287)|
|---|---|---|
|||**(174,190)**|



The resources applied on fixed assets for charity use represents the cost of additions. 

## **Movements in revenue and capital funds for the year ended 31 August 2020** 

## **Revenue accumulated funds** 

|**Unrestricted**<br>**Restricted**<br>**Funds**<br>**Funds**<br>**2020**<br>**2020**<br>**£**<br>**£**<br>Accumulated funds brought forward<br>445,493<br>-<br>(53,079)<br>28,128<br>**392,414**<br>**28,128**<br>(From)/To unrestricted revenue funds<br>24,863<br>(24,863)<br>**Closing revenue funds**<br>**417,277**<br>**3,265**<br>**Summary of  funds**<br>**Unrestricted**<br>**Restricted**<br>**and**<br>**Funds**<br>**Designated funds**<br>**2020**<br>**2020**<br>**£**<br>**£**<br>Revenue accumulated funds<br>**417,277**<br>**3,265**<br>Recognised gains and losses before transfers|**Unrestricted**<br>**Funds**<br>**2020**<br>**£**<br>445,493<br>(53,079)|**Restricted**<br>**Funds**<br>**2020**<br>**£**<br>-<br>28,128|**Total**<br>**Funds**<br>**2020**<br>**£**<br>445,493<br>(24,951)<br>**420,542**<br>-<br>**420,542**<br>**Total**<br>**Funds**<br>**2020**<br>**£**<br>**420,542**|**Last year**<br>**Total Funds**<br>**2019**<br>**£**<br>**608,396**<br>(162,903)|
|---|---|---|---|---|
||**392,414**<br>24,863|**28,128**<br>(24,863)||**445,493**<br>-|
||**417,277**|**3,265**||**445,493**|
|||||**Last Year**<br>**Total Funds**<br>**2019**<br>**£**<br>**445,493**|



## **The notes attached on pages 19 to 33 form an integral part of these accounts.** 

16 



## **Cambridge Islamic College - Statement of Financial Activities for the year ended 31 August 2020** 

## **Cambridge Islamic College** 

## **Income and Expenditure Account for the year ended 31 August 2020 as required by the Companies Act 2006** 

|**_Income_**<br>Income from operations<br>Gift aid donations received from subsidiiary undertaking<br>**Gross income in the year before exceptional items**<br>**Gross income in the year including exceptional items**<br>**_Expenditure_**<br>Charitable expenditure, excluding depreciation and amortisation<br>Depreciation and amortisation<br>Fundraising costs<br>Governance costs<br>Interest payable<br>Realised losses  on disposals of social investments which are programme related<br>**Total expenditure in the year**<br>Tax on surplus on ordinary activities<br>**Retained surplus for the financial year**<br>**Net income before tax in the financial year**<br>Investment income and interest<br>**Net income after tax in the financial year**|**2020**<br>**£**<br>496,095<br>-<br>**496,095**<br>**496,095**<br>**424,747**<br>**46,623**<br>**-**<br>**630**<br>**49,045**<br>-<br>**521,045**<br>(24,950)<br>-<br>**(24,950)**<br>**(24,950)**|**2019**<br>**£**<br>363,523<br>5,000|
|---|---|---|
|||**368,523**|
|||**368,523**|
|||**426,554**<br>**41,155**<br>**216**<br>**45,600**<br>**17,901**<br>-|
|||**531,426**|
|||(162,903)<br>-|
|||**(162,903)**|
|||**(162,903)**|



All activities derive from continuing operations 

In accordance with the provisions of the Companies Act 2006, the headings and subheadings used in the Income and Expenditure account have been adapted to reflect the special nature of the charity's activities. 

## **The notes attached on pages 19 to 33 form an integral part of these accounts.** 

17 



## **Cambridge Islamic College -  Balance Sheet as at 31 August 2020** 

|||**SORP**|||||
|---|---|---|---|---|---|---|
||**Note**|**Ref**||**2020**||**2019**|
|||||**£**||**£**|
|**Fixed assets**||A|||||
|Tangible assets|12|A2||2,116,964||1,893,315|
|**Current assets**||B|||||
|Debtors|13|B2|3,075||-||
|Cash at bank and in hand||B4|86,388||1,340||
|**Total current assets**|||89,463||1,340||
|**Creditors: amounts falling due within**|||||||
|**one year**|14|C1|(392,853)||(502,825)||
|**Net current liabilities**||||(303,390)||(501,485)|
|**_Total assets less current liabilities_**||||1,813,574||1,391,830|
|Creditors: amounts falling due after more|||||||
|than one year|15|C2||(1,393,032)||(946,337)|
|**The total net assets of the charity**||||**420,542**||**445,493**|
|**The total net assets of the charity are funded**||**by the**|**funds of the**|**charity, as follows:-**|||
|**Restricted funds**|||||||
|Restricted Revenue Funds|20|D2||3,265||-|
|**Unrestricted Funds**|||||||
|Unrestricted Revenue Funds|20|D3||417,277||445,493|
|**Total charity funds**||||**420,542**||**445,493**|



The 'SORP Ref' indicated above is the classification of Balance Sheet items as set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the SOFA.. 

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. 

The members have not required the company to obtain an audit in accordance with section 476 of the Act. 

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. 

The charity is subject to Independent Examination under charity legislation, and the report of the Independent Examiner is on page 13. 

The financial statements have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies regime. 


Zafar Ahmed Kurnool Trustee Approved by the board of trustees on 30 October 2021 

**The notes attached on pages 19 to 33 form an integral part of these accounts.** 

18 



## **Cambridge Islamic College** 

## **Notes to the Accounts for the year ended 31 August 2020** 

## **1 Accounting policies** 

## _**Policies relating to the production of the accounts.**_ 

## **Basis of preparation and accounting convention** 

The accounts have been prepared on the accruals basis, under the historical cost convention, and in accordance with the Financial Reporting Standard 102, (effective 1st January 2016) and 'FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities)  2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), published by the Charity Commission in England & Wales (CCEW) , effective January 2016,  and in accordance with all applicable law in the charity's jurisdiction of registration, except that the charity has prepared the financial statements in accordance with the FRS 102 SORP),  in preference to the previous SORP, the SORP 2005, which has been withdrawn, notwithstanding the fact that the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008 refer explicitly to the SORP 2005. This has been done to accord with current best practice 

## **Going Concern** 

The accounts show net current liabilities at the year-end of £502,775 (2018: £153,169). However since then, in the year to 31st August 2020,  the College has repaid £42,315 of the existing short-term bank loans and has continued to raise funds for the purposes of repaying loans. In addition, of the current liabilities,£31,236 (2018-  £36,844) relate to payments in advance for course fees which by the time these accounts were approved, had been delivered and the funds taken to the Statement of Financial Activities in the year ended 31st August 2020. 

A surplus for the year ended 31 August 2020 is expected from charitable activities. Moreover, the College has successfully launched its full-time residential programmes and launched DEEPDEEN.TV. These initiatives will hopefully sufficient funds for the college in the coming years through donations and tuition fees. combined with rental income from the house the outlook into 2020 looks positive. 

Because of the matters described above the Trustees believe that it is appropriate to continue to adopt the going concern basis in preparing these accounts. 

## **Public Benefit** 

The charity is a public benefit entity. 

## _**Policies relating to categories of income and income recognition.**_ 

## **Nature of income** 

Gross income represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. 

## **Categories of Income** 

Income is categorised as income from exchange transactions (contract income) and income from non-exchange transactions (gifts), investment income and other income. 

**Income from exchange transactions** is received by the charity for goods or services supplied under contract or where entitlement is subject to fulfilling performance related conditions. The income the charity receives is approximately equal in value to the goods or services supplied by the charity to the purchaser. 

**Income from a non-exchange transaction** is where the charity receives value from the donor without providing equal value in exchange, and includes donations of money, goods and services freely given without giving equal value in exchange. 

19 



## **Cambridge Islamic College** 

## **Notes to the Accounts for the year ended 31 August 2020** 

## **Income recognition** 

Income, whether from exchange or non exchange transactions, is recognised in the statement of financial activities (SOFA) on a receivable basis, when a transaction or other event results in an increase in the charity’s assets or a reduction in its liabilities and only when the charity has legal entitlement, the income is probable and can be measured reliably. 

Income subject to terms and conditions which must be met before the charity is entitled to the resources is not recognised until the conditions have been met. 

All income is accounted for gross, before deducting any related fees or costs. 

## **Accounting for deferred income and income received in advance** 

Where terms and conditions relating to income have not been met or uncertainty exists as to whether the charity can meet any terms or conditions otherwise within its control, income is not recognised but is deferred as a liability until it is probable that the terms or conditions imposed can be met. 

Any grant that is subject to performance-related conditions received in advance of delivering the goods and services required by that condition, or is subject to unmet conditions wholly outside the control of the recipient charity, is accounted for as a liability and shown on the balance sheet as deferred income. Deferred income is released to income in the reporting period in which the performance-related or other conditions that limit recognition are met. 

When income from a grant or donation has not been recognised due to the conditions applying to the gift not being wholly within the control of the recipient charity, it is disclosed as a contingent asset if receipt of the grant or donation is probable once those conditions are met. 

Where time related conditions are imposed or implied by a funder, then the income is apportioned to the time periods concerned,and, where applicable, is accounted for as a liability and shown on the balance sheet as deferred income. When grants are received in advance of the expenditure on the activity funded by them, but there are no specific time related conditions, then the income is not deferred. 

Any condition that allows for the recovery by the donor of any unexpended part of a grant does not prevent recognition of the income concerned, but a liability to any repayment is recognised when repayment becomes probable. 

## **Donated goods, facilities and services** 

**Donated services and facilities** (including seconded staff and use of property) are included in the accounts on the basis of the value of the gift to the charity. 

All donated services and facilities are recognised as donation income when received,(provided the value of the gift can be measured reliably) and recognised as an expense with an equivalent value. 

## _**Policies relating to expenditure on goods and services provided to the charity.**_ 

## **Recognition of liabilities and expenditure** 

A liability, and the related expenditure, is recognised when a legal or constructive obligation exists as a result of a past event, and when it is more likely than not that a transfer of economic benefits will be required in settlement, and when the amount of the obligation can be measured or reliably estimated.. 

Liabilities arising from future funding commitments and constructive obligations, including performance related grants, where the timing or the amount of the future expenditure required to settle the  obligation are uncertain, give rise to a provision in the accounts, which is reviewed at the accounting year end. The provision is increased to reflect any increases in liabilities, and is decreased by the utilisation of any provision within the period, and reversed if any provision is no longer required. These movements are charged or credited to the respective funds and activities to which the provision relates. 

20 



## **Cambridge Islamic College** 

## **Notes to the Accounts for the year ended 31 August 2020** 

## **Allocating costs to activities** 

Direct costs that are specifically related to an activity are allocated to that activity. Shared direct costs and support costs are apportioned between activities. 

The basis for apportionment, which is consistently applied, and proportionate to the circumstances, is :- 

**Staffing** - on the basis of time spent in connection with any particular activity. **Staffing** - on a per capita basis, based on the number of of people employed within any partiular activity. **Premises related costs** - on the proportion of floor area occupied by a particular activity. 

**Non specific support costs** - on the basis of the usage of resources, in terms of time taken, capacity used, request made or other measures 

**Estimation techniques** used in apportioning costs - give details 

## **Volunteers** 

In accordance with the SORP, and in recognition of the difficulties in placing a monetary value on the contribution from volunteers, the contribution of volunteers is not included within the income of the charity. However, the trustees value the significant contribution made to the activities of the charity by unpaid volunteers and this is described more fully in Note7. 

The Strategic leadership, Senior management and IT infrastructure for the college are run solely by the trustees. These jobs require a high level of experience, qualification and serious commitment. The trustees believe that these services do not fall under general volunteer services and the college can not run the way it is running without them. In relation to these volunteers, the charity has therefore adopted the guidance set out in paragraphs 6.14, and 6.15 of the SORP and has measured the value to the Charity as the amount that the Charity would pay in the open market for an alternative item that would provide a benefit to the charity equivalent to the donated item. 

In relation to other volunteers, the charity has followed the guidance in 6.18 and 6.19 of the SORP and has placed no notional value on the services provided. 

## _**Policies relating to assets, liabilities and provisions and other matters.**_ 

## _**Tangible fixed assets**_ 

Tangible fixed assets are measured at their original cost value, or subsequent revaluation, or if donated, as described above. Cost value includes all costs expended in bringing the asset into its intended working condition. 

Depreciation has been provided at the following rates in order to write off the assets to their anticipated residual value over estimated useful lives. 

Freehold premises 2 % straight line Plant and machinery 33.33 % straight line 

A regular annual review of the likelihood of asset impairment is undertaken. 

## **Debtors** 

Debtors are measured at their recoverable amounts at the balance sheet date. 

## **Creditors and provisions** 

Creditors are measured at their payable amounts at the balance sheet date. 

21 



## **Cambridge Islamic College** 

## **Notes to the Accounts for the year ended 31 August 2020** 

## **Financial instruments including cash and bank balances** 

Cash held by the charity is included at the amount actually held and counted at the year end. Bank balances, whether in credit or overdrawn,  are shown at the amounts properly reconciled to the bank statements. There are no other financial instruments. 

## **Pensions - defined contribution schemes** 

The charity operates a defined contribution pension scheme.  Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme. 

## **Fund Accounting** 

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. 

Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal or as implied by law. 

## **2 Liability to taxation** 

The Trustees consider that the charity satisfies the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by chapter 3 part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively on the specific charitable objects of the charity and for no other purpose. Value Added Tax is not recoverable by the charity, and is therefore included in the relevant costs in the Statement of Financial Activities. 

## **3 Winding up or dissolution of the charity** 

If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity. 

## **4 Significance of financial instruments to the charity's position** 

There are no significant implications of financial instruments for the financial well being of the charity. 

## **5 Net (deficit)/surplus before tax in the financial year** 

|**Net (deficit)/surplus before tax in the financial year**|||
|---|---|---|
||**2020**|**2019**|
||**£**|**£**|
|The net deficit before tax in the financial year is stated after charging:-|||
|Depreciation of owned fixed assets|46,623|41,155|
|Trustees' remuneration|27,750|16,300|
|Pension costs|2,064|1,809|



22 



## **Cambridge Islamic College** 

## **Notes to the Accounts for the year ended 31 August 2020** 

|**6 Interest payable**<br>Loan interest<br>Bank interest payable|**2020**<br>**£**<br>23,313<br>25,732|**2019**<br>**£**<br>-<br>17,901|
|---|---|---|
||49,045|17,901|



## **7 The contribution of volunteers** 

The charity depends on the support of its volunteers, especially its trustees, which is much appreciated. One trustee is a full-time Executive Director. One trustee acts for a minimum of 4 days a week as Manager and Course Coordinator . One trustee acts for 2 days per week as an IT Consultant. 

These people have worked in highly paid jobs in industry which they have left or scaled down to free themselves for the college. The amount the charity would expect to pay to provide an equivalent benefit in respect of these trustee volunteers is as set out in note 23. 

The volunteers and the charity accept and agree that no contract  of employment  is created  by these arrangements.. 

|**8 Staff costs and emoluments**<br>**_Salary costs_**<br>**2020**<br>**£**<br>Gross Salaries excluding trustees and key management personnel<br>94,206<br>Employer's National Insurance for all staff<br>2,958<br>2,064<br>**Total salaries, wages and related costs**<br>**99,228**<br>**_Numbers of full time employees or full time equivalents_**<br>**2020**<br>The average number of total staff employed in the year was<br>6<br>**_The estimated equivalent number of full time staff deployed in different activities in the year was:-_**<br>Engaged on charitable activities<br>2<br>Engaged on management and administration<br>3<br>**_The estimated full time equivalent number of all staff employed as above_**<br>2<br>Employer's operating costs of defined contribution pension schemes|**2020**<br>**£**<br>94,206<br>2,958<br>2,064|**2019**<br>**£**<br>83,334<br>2,136<br>1,809|
|---|---|---|
||**99,228**|**87,279**|
||**2020**<br>6|**2019**<br>2|
|||2<br>-|
||2|1|



No employees received emoluments (excluding pension costs) in excess of £60,000 per annum. 

23 



## **Cambridge Islamic College** 

## **Notes to the Accounts for the year ended 31 August 2020** 

## **9 Defined contribution pension schemes** 

The charity operates a defined contribution pension scheme, the costs of which are shown above. 

Due to an administrative oversight, employer's and employees' contibutions under defined contribution benefit schemes owing for more than one month at 31st August 2019 were £3,222. These were paid in full on 30th September 2019 and are  included in trade creditors. 

Committments under the scheme for the year ahead are shown in note 16 

Any liabilites and assets associated with the scheme are shown under debtors and creditors. 

## **10 Remuneration and payments to Trustees and persons connected with them** 

|**_Remuneration payable to trustees or connected persons_**<br>Dr Akram Nadwi<br>**Total remuneration**|**2020**<br>**£**<br>27,750|**2019**<br>**£**<br>16,300|
|---|---|---|
||**27,750**|**16,300**|



The Charity is permitted by its Articles to make such payments and the Trustees are satisfied that the procedures to legitimise the payments have been properly followed. However, the Trustees intend contacting the Charity Commission for England & Wales for confirmation that the payments have lawfully been made. Such payments have been included in the acocunts on the assumption they are lawful and no adjustment has been made for any decision to the contrary that may be made in the future by  the Charity Commission for England & Wales. 

## **11 Deferred income - Unrestricted and Designated funds** 

|Payment for courses in advance<br>**Total**<br>**These deferrals are included in creditors**|**Opening**<br>**Deferrals**<br>**£**<br>31,236|**Released**<br>**Received**<br>**from prior**<br>**less released**<br>**years**<br>**in year**<br>**£**<br>**£**<br>(36,844)<br>16,997|**Deferred**<br>**at year end**<br>**£**<br>**11,389**|
|---|---|---|---|
||31,236|(36,844)<br>16,997|**11,389**|
|||**2020**<br>**£**<br>11,389|**2019**<br>**£**<br>31,236|



The deferrals included in creditors relate to course payments in advance relating to specific periods and represent those parts of unrestricted funds which relate to periods subsequent to the accounting year end. 

24 



## **Cambridge Islamic College** 

## **Notes to the Accounts for the year ended 31 August 2020** 

## **12 Tangible fixed assets** 

|**Land and**<br>**Buildings**<br>**Plant &**<br>**Machinery**<br>£<br>£<br>**Cost**<br>At 1 September 2019<br>2,057,738<br>24,074<br>Additions<br>270,000<br>272<br>**At 31 August 2020**<br>**2,327,738**<br>**24,346**<br>**Depreciation**<br>At 1 September 2019<br>164,425<br>24,072<br>Charge for the year<br>46,555<br>68<br>**At 31 August 2020**<br>**210,980**<br>**24,140**<br>**Net book value**<br>At 31 August 2020<br>**2,116,758**<br>**206**<br>At 31 August 2019<br>**1,893,313**<br>**2**<br>All assets are used for direct charitable purposes.<br>The freehold land and buildings are held as security in relation to a bank loan.|**Land and**<br>**Buildings**<br>**Plant &**<br>**Machinery**<br>£<br>£<br>2,057,738<br>24,074<br>270,000<br>272|**Total**<br>£<br>2,081,812<br>270,272|
|---|---|---|
||**2,327,738**<br>**24,346**|**2,352,084**|
||164,425<br>24,072<br>46,555<br>68|188,497<br>46,623|
||**210,980**<br>**24,140**|**235,120**|
||**2,116,758**<br>**206**|**2,116,964**|
||||
||**1,893,313**<br>**2**|**1,893,315**|
||||



## **13 Debtors** 

|**13 Debtors**|||
|---|---|---|
|Other debtors<br>**14 Creditors: amounts falling due within one year**<br>Bank loans and overdrafts<br>Trade creditors<br>Accruals<br>Deferred Income - Unrestricted & designated funds<br>PAYE, NIC VAT and other taxes<br>Unsecured private loans|**2020**<br>**£**<br>3,075|**2019**<br>**£**<br>-|
||**2020**<br>**£**<br>52,792<br>42,474<br>2,050<br>11,389<br>2,182<br>281,966|**2019**<br>**£**<br>53,968<br>35,062<br>5,460<br>31,236<br>6,593<br>370,506|
||**392,853**|**502,825**|



The bank loans are secured over the charity's freehold properties at an interest rate of 2.44%. Repayment is over a period of 15 years from 2015. 

25 



## **Cambridge Islamic College** 

## **Notes to the Accounts for the year ended 31 August 2020** 

## **15 Creditors: amounts falling due after one year** 

|**es to the Accounts for the year ended 31 August 2020**<br>|||
|---|---|---|
|**Creditors: amounts falling due after one year**<br>Bank loans and overdrafts<br>Unsecured private loans|**2020**<br>**£**<br>565,948<br>827,084|**2019**<br>**£**<br>544,778<br>401,559|
||**1,393,032**|**946,337**|



The bank loans are secured over the charity's freehold properties at an interest rate of 2.44%.  Repayment is over a period of 15 years from 2015. The unsecured loans include loans from  trustees, Mohammad Javed  £5010, (2019 - nil)), Zafar Ahmed Kurnool, £22,100 (2018 £22,100) and  Mohammed Akram Nadwi of £nil (2019 - £19,000). 

## **16 Pension commitments** 

|Pension commitments under defined benefit/defined contribution schemes<br>within one year<br>**17 Income and Expenditure account summary**<br>**At 1 September 2019**<br>Loss after tax for the year<br>**At 31 August 2020**|**2020**<br>**£**<br>540|**2019**<br>**£**<br>3,762|
|---|---|---|
||**540**|**3,762**|
||**2020**<br>**£**<br>445,491<br>(24,950)|**2019**<br>**£**<br>608,394<br>(162,903)|
||**420,541**|**445,491**|



## **18 Related party transactions** 

Unsecured loans from trustees are itemised above in unsecured private loans. 

The charity has received management and professional services from three trustees (2019 - three) who have not been paid for their time worked. It is estimated that if this time was sourced from elsewhere it would cost £138,000. These costs have been included within donated services as income and within the costs of raising funds in these accounts. The same amounts were included in the prior year figures. 

These amounts are based on a salary for Mohammed Faisal of £60,000 (2019- £60,000), for Zafar Ahmed of £60,000 (2019 - £60,000), and Awais Ahmed of £18,000 (2019 - £18,000). The trustees are involved in the management of the charity as well as providing specialised professional services in marketing, videography, IT, software development, product (course) development, event management, fundraising, estate management, public relations,procurement, HR, student support and finance. 

## **Related party transactions (continued)** 

Included within fixed assets are land and buildings at 56 Sturton Street Cambridge, CB1 2QA with a net book value of £674.714 (2019- £688,484), which is registered in the names of Mohammed Faisal Khaffar, Awais Ahmed Awan and Zafar Ahmed Kurnool who hold the property as custodian trustees on behalf of Cambridge Islamic College. 

One of the founders of the College, Dr Mohammad Akram became a trustee on 19 January 2019. His lecturing service charges during the year were £27,750  (2019  - £26,300) out of which £25,250 (2019-  £12,000) were outstanding on 31 August 2020. His Lecturing service charges after becoming a trustee were £16,300. Dr Mohammad Akram has been teaching in the college Since August 2015 when the college was founded. 

26 



## **Cambridge Islamic College** 

## **Notes to the Accounts for the year ended 31 August 2020** 

**19 Particulars of how particular funds are represented by assets and liabilities** 

|**At 31 August 2020**<br>Tangible Fixed Assets<br>Current Assets<br>Current Liabilities<br>Long Term Liabilities<br>**At 1 September 2019**<br>Tangible Fixed Assets<br>Current Assets<br>Current Liabilities<br>Long Term Liabilities|**Unrestricted**<br>**funds**<br>**£**<br>2,116,964<br>86,198<br>(392,853)<br>(1,393,032)|**Designated**<br>**Restricted**<br>**funds**<br>**funds**<br>**£**<br>**£**<br>-<br>-<br>3,265<br>-<br>-<br>-<br>-|**Total**<br>**Funds**<br>**£**<br>**2,116,964**<br>**89,463**<br>**(392,853)**<br>**(1,393,032)**|
|---|---|---|---|
||**417,277**|**-**<br>**3,265**|**420,542**|
||**Unrestricted**<br>**funds**<br>**£**<br>1,893,315<br>1,340<br>(502,825)<br>(946,337)|**Designated**<br>**Restricted**<br>**funds**<br>**funds**<br>**£**<br>**£**<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-|**Total**<br>**Funds**<br>**£**<br>**1,893,315**<br>**1,340**<br>**(502,825)**<br>**(946,337)**|
||**445,493**|**-**<br>**-**|**445,493**|



## **20 Change in total funds over the year as shown in Note 19 , analysed by individual funds** 

|**_Unrestricted and designated funds:-_**<br>Unrestricted Revenue Funds<br>**Total unrestricted and designated funds**<br>**_Restricted funds:-_**<br>Property repayment fund<br>**Total restricted funds**<br>**Total charity funds**|**£**<br>445,493<br>**Funds brought**<br>**forward from**<br>**2019**|**See Note 21**<br>**£**<br>**£**<br>(53,079)<br>24,863<br>**Movement in**<br>**funds in 2020**<br>**Transfers**<br>**between**<br>**funds in 2020**|**£**<br>**417,277**<br>**Funds carried**<br>**forward to**<br>**2021**|
|---|---|---|---|
||**445,493**|**(53,079)**<br>**24,863**|**417,277**|
||-|28,128<br>(24,863)|**3,265**|
||**-**|**28,128**<br>**(24,863)**|**3,265**|
|||||
||**445,493**|**(24,951)**<br>**-**|**420,542**|



## **21 Analysis of movements in funds over the year as shown in Note 20** 

|**_Unrestricted and designated funds:-_**<br>Unrestricted Revenue Funds<br>**_Restricted funds:-_**<br>Property repayment fund<br>HMRC - COVID Job Support grants|**Income**<br>**2020**<br>**£**<br>447,645<br>28,128<br>20,322|**Other**<br>**Expenditure**<br>**Gains &**<br>**Losses**<br>**2020**<br>**2020**<br>**£**<br>**£**<br>(500,724)<br>-<br>-<br>-<br>(20,322)<br>**-**|**Movement**<br>**in  funds**<br>**2020**<br>**£**<br>**(53,079)**<br>**28,128**<br>**-**|
|---|---|---|---|
||**496,095**|**(521,046)**<br>**-**|**(24,951)**|



27 



## **Cambridge Islamic College** 

## **Notes to the Accounts for the year ended 31 August 2020** 

## **22 The purposes for which the funds as detailed in note 20 are held by the charity are:-** 

## _**Unrestricted and designated funds:-**_ 

Unrestricted Revenue Funds 

These funds are held for the meeting the objectives of the charity, and to provide reserves for future activities, and , subject to charity legislation, are free from all restrictions on their use. 

## _**Restricted funds:-**_ 

Property repayment fund 

This represents funds donated under Zakat whereby every Muslim having about £3000 in savings is required to donate 2.5% of his wealth for charitable causes. The funds are to be used for the purposes of  repaying loans borrowed for the property purchase. 

In the current year, £24,863 of these funds were used to repay part of the property loans. As these funds have been utilised for their restricted purposes, an amount of £24,863 was accordingly transferred from restricted to unrestricted funds. 

## **23 Ultimate controlling party** 

The charity is under the control of its legal members who are the trustees in office from time to time. 

Every member of the charity is obliged to contribute such amount as may be required not exceeding £10 to the assets of the company in the event of its being wound up while he or she is a member, or within  one year after  he or she ceases to be a  member. 

28 



## **Cambridge Islamic College** 

## **Detailed analysis of income and expenditure for the year ended 31 August 2020 as required by the SORP 2015** 

## _**This analysis is classsified by conventional nominal descriptions and not by activity.**_ 

|**24**<br>**Donations and Legacies**<br>**Current year**<br>**Unrestricted**<br>**Funds**<br>**2020**<br>**£**<br>**Donations and gifts from individuals**<br>112,160<br>HMRC Gift Aid refunds<br>3,075<br>-<br>Ruhina Shah<br>-<br>Ammar Khan<br>10,150<br>Javid Mohammad (Yusuf)<br>Dr I M Saraf - CR<br>1,200<br>Javid Mohammad (Yusuf)<br>-<br>Nassiba Benabdelhafi<br>-<br>Dr Zia<br>-<br>Rafique Ahmed<br>-<br>-<br>Mohamed Naveed<br>-<br>Sadiq Basha<br>-<br>Zafar Kurnool<br>4,000<br>Fahad Gilani<br>1,750<br>Sheikh And Shaik<br>1,500<br>Aijaz Ahmed<br>1,000<br>Zain Green Thompson<br>1,000<br>Imran Akram<br>1,000<br>Musharraf Khan<br>1,000<br>Niaz Ahmed<br>1,000<br>Omar Taha<br>1,000<br>Sorwer Sfi<br>1,000<br>Razeen Mahroof (Zakat)<br>-<br>Musahrraf Khan (Zakat)<br>-<br>**140,835**<br>**Revenue grants from government and public bodies**<br>-<br>**-**<br>Small individual donations of £1,000 or less<br>**Total public sector revenue grants**<br>Mozammal Mullick<br>Hamza Fawzi<br>HMRC - COVID Job Support grants<br>**Total donations and gifts from individuals**|**Current year**<br>**Unrestricted**<br>**Funds**<br>**2020**<br>**£**<br>112,160<br>3,075<br>-<br>-<br>10,150<br>1,200<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>4,000<br>1,750<br>1,500<br>1,000<br>1,000<br>1,000<br>1,000<br>1,000<br>1,000<br>1,000<br>-<br>-|**Current year**<br>**Restricted**<br>**Funds**<br>**2020**<br>**£**<br>28,128<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-|**Current year**<br>**Total Funds**<br>**2020**<br>**£**<br>**140,288**<br>**3,075**<br>**-**<br>**-**<br>**10,150**<br>**-**<br>**1,200**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**4,000**<br>**1,750**<br>**1,500**<br>**1,000**<br>**1,000**<br>**1,000**<br>**1,000**<br>**1,000**<br>**1,000**<br>**1,000**<br>**-**<br>**-**<br>**168,963**<br>**20,322**<br>**20,322**|**Prior Year**<br>**Total Funds**<br>**2019**<br>**£**<br>75,955<br>-<br>5,000<br>5,000<br>5,000<br>5,000<br>5,000<br>5,000<br>2,500<br>2,500<br>2,274<br>2,250<br>4,000<br>2,000<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>1,500<br>1,500|
|---|---|---|---|---|
||**140,835**|**28,128**||**124,479**|
|||20,322||-|
||**-**|**20,322**||**-**|



29 



## **Cambridge Islamic College** 

## **Detailed analysis of income and expenditure for the year ended 31 August 2020 as required by the SORP 2015** 

## **Revenue grants and donations from non public bodies** 

|1,100<br>**1,100**<br>**Notional income from volunteers**<br>138,000<br>**138,000**<br>**Total Donations and Legacies**<br>**A1**<br>**279,935**<br>**25 Income from charitable activities -  Trading Activities**<br>**Current year**<br>**Unrestricted**<br>**Funds**<br>**2020**<br>**£**<br>**Primary purpose and ancillary trading**<br>116,666<br>1,031<br>50,013<br>-<br>**167,710**<br>**26**<br>**Current year**<br>**Unrestricted**<br>**Funds**<br>**£**<br>**2020**<br>Total income from charitable trading<br>167,710<br>**Total from charitable activities**<br>**A2**<br>**167,710**<br>Course fees and diplomas<br>Sale of goods and services in accordance with the<br>charity's objects<br>HMRC Gift Aid refunds<br>Letting of  property for charitable purposes<br>**Total Notional income from volunteers**<br>Notional income from volunteers (see note 7)<br>**Total Primary purpose and ancillary trading**<br>**Total private sector revenue grants**<br>Ar-Rahmat Limited<br>**Total Income from charitable activities**|1,100|-|**1,100**<br>**1,100**<br>**138,000**<br>**138,000**<br>**328,385**<br>**Current year**<br>**Total Funds**<br>**2020**<br>**£**<br>**116,666**<br>**1,031**<br>**50,013**<br>**-**<br>**167,710**<br>**Current year**<br>**Total Funds**<br>**£**<br>**2020**<br>**167,710**<br>**167,710**|-|
|---|---|---|---|---|
||**1,100**|**-**||**-**|
||138,000|-||138,000|
||**138,000**|**-**||**138,000**|
||||||
||**279,935**|**48,450**||**262,479**|
|||**Current year**<br>**Restricted**<br>**Funds**<br>**2020**<br>**£**<br>-<br>-<br>-<br>-||**Prior Year**<br>**Total Funds**<br>**2019**<br>**£**<br>94,979<br>2,206<br>-<br>6,116|
||**167,710**|**-**||**103,301**|
||**Current year**<br>**Unrestricted**<br>**Funds**<br>**£**<br>**2020**<br>167,710|**Current year**<br>**Restricted**<br>**Funds**<br>**£**<br>**2020**<br>-||**Prior Year**<br>**Total Funds**<br>**£**<br>**2019**<br>103,301|
|||**-**||**103,301**|



30 



## **Cambridge Islamic College** 

## **Detailed analysis of income and expenditure for the year ended 31 August 2020 as required by the SORP 2015** 

## **27 Income from other, non charitable, trading activities** 

|**Total from other activities**<br>**A3**<br>Income from fundraising|**Current year**<br>**Unrestricted**<br>**Funds**<br>**2020**<br>**£**<br>-|**Current year**<br>**Restricted**<br>**Funds**<br>**2020**<br>**£**<br>-|**Current year**<br>**Total Funds**<br>**2020**<br>**£**<br>**-**<br>**-**|**Prior Year**<br>**Total Funds**<br>**2019**<br>**£**<br>2,743|
|---|---|---|---|---|
||**-**|**-**||**2,743**|



## **28 Expenditure on charitable activities - Direct spending** 

|**Current year**<br>**Unrestricted**<br>**Funds**<br>**2020**<br>**£**<br>73,885<br>2,958<br>2,064<br>1,448<br>43,878<br>425<br>32<br>-<br>62,770<br>**Total direct spending**<br>**B2a**<br>**187,460**<br>Gross wages and salaries - charitable activities<br>Employers' NI - Charitable activities<br>Costs of courses and diplomas<br>Consultants fees<br>Direct costs of charitable activities<br>Defined contribution pension costs  - charitable<br>activities<br>Travel and Subsistence - Charitable Activities<br>Purchase of books<br>Marketing and advertising of charitable services|**Current year**<br>**Unrestricted**<br>**Funds**<br>**2020**<br>**£**<br>73,885<br>2,958<br>2,064<br>1,448<br>43,878<br>425<br>32<br>-<br>62,770|**Current year**<br>**Restricted**<br>**Funds**<br>**2020**<br>**£**<br>20,322<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-|**Current year**<br>**Total Funds**<br>**2020**<br>**£**<br>**94,206**<br>**2,958**<br>**2,064**<br>**1,448**<br>**43,878**<br>**425**<br>**32**<br>**-**<br>**62,770**<br>**207,781**|**Prior Year**<br>**Total Funds**<br>**2019**<br>**£**<br>83,334<br>2,136<br>1,809<br>-<br>-<br>890<br>30,135<br>97,845<br>-|
|---|---|---|---|---|
|||**20,322**||**216,149**|



## **29 Expenditure on charitable activities - Charitable trading** 

|**Current year**<br>**Unrestricted**<br>**Funds**<br>**2020**<br>**£**<br>-<br>**Total charitable trading costs**<br>**B2b**<br>**-**<br>Marketing and advertising of primary purpose<br>trading|**Current year**<br>**Unrestricted**<br>**Funds**<br>**2020**<br>**£**<br>-|**Current year**<br>**Current year**<br>**Prior Year**<br>**Restricted**<br>**Funds**<br>**Total Funds**<br>**Total Funds**<br>**2020**<br>**2020**<br>**2019**<br>**£**<br>**£**<br>**£**<br>-<br>**-**<br>29,526|
|---|---|---|
|||**-**<br>**-**<br>**29,526**|



31 



## **Cambridge Islamic College** 

## **Detailed analysis of income and expenditure for the year ended 31 August 2020 as required by the SORP 2015** 

## **30 Support costs for charitable activities** 

|**30**<br>**Support costs for charitable activities**|**30**<br>**Support costs for charitable activities**|**30**<br>**Support costs for charitable activities**|||
|---|---|---|---|---|
|**Current year**<br>**Current year**<br>**Current year**<br>**Unrestricted**<br>**Funds**<br>**Restricted**<br>**Funds**<br>**Total Funds**<br>**2020**<br>**2020**<br>**2020**<br>**£**<br>**£**<br>**£**<br>**_Premises Expenses_**<br>4,496<br>-<br>**4,496**<br>9,456<br>-<br>**9,456**<br>1,562<br>-<br>**1,562**<br>1,510<br>-<br>**1,510**<br>408<br>-<br>**408**<br>2,169<br>-<br>**2,169**<br>-<br>-<br>**-**<br>**_Administrative overheads_**<br>Notional expenditure on volunteers (see note 7)<br>138,000<br>-<br>**138,000**<br>1,405<br>-<br>**1,405**<br>273<br>-<br>**273**<br>465<br>-<br>**465**<br>16,019<br>-<br>**16,019**<br>999<br>-<br>**999**<br>**_Professional fees paid to advisors other than the auditor or examiner_**<br>-<br>-<br>**-**<br>34,759<br>-<br>**34,759**<br>HR Consultancy fees<br>2,079.00<br>-<br>**2,079**<br>-<br>-<br>**-**<br>55<br>-<br>**55**<br>**_Financial costs_**<br>2,131<br>-<br>**2,131**<br>1,180<br>-<br>**1,180**<br>23,313<br>-<br>**23,313**<br>46,623<br>-<br>**46,623**<br>25,732<br>-<br>**25,732**<br>**Support costs before reallocation**<br>**312,634**<br>**-**<br>**312,634**<br>**Total support costs**<br>**312,634**<br>**-**<br>**312,634**<br>The basis of allocation of costs between activities is described under accounting policies<br>Paypal and Just Giving fees<br>Accountancy fees other than examination or<br>audit fees<br>Rates and water charges<br>Gardening<br>Stationery and printing<br>Postage, Freight and Courier charges<br>Property insurance<br>Council tax for student residents<br>Premises repairs, renewals and maintenance<br>Telephone, fax and internet<br>Depreciation & Amortisation in total<br>Bank charges<br>Light heat and power<br>Cleaning and waste management<br>**Support costs for charitable activities (continued)**<br>Bank interest payable<br>Companies House fees<br>Loan interest<br>Legal fees<br>Companies House fine<br>Sundry expenses<br>IT Software and consumables|||**Current year**<br>**Total Funds**<br>**2020**<br>**£**<br>**4,496**<br>**9,456**<br>**1,562**<br>**1,510**<br>**408**<br>**2,169**<br>**-**<br>**138,000**<br>**1,405**<br>**273**<br>**465**<br>**16,019**<br>**999**<br>**-**<br>**34,759**<br>**2,079**<br>**-**<br>**55**<br>**2,131**<br>**1,180**<br>**23,313**<br>**46,623**<br>**25,732**|**Prior Year**<br>**Total Funds**<br>**2019**<br>**£**<br>10,492<br>8,599<br>2,846<br>1,960<br>100<br>2,686<br>3,195<br>138,000<br>1,191<br>410<br>1,342<br>5,533<br>12<br>1,210<br>-<br>-<br>39<br>-<br>2,905<br>359<br>-<br>41,155<br>17,901|
||**312,634**|**-**||**239,935**|
||**312,634**|**-**||**239,935**|
||||||



32 



## **Cambridge Islamic College** 

## **Detailed analysis of income and expenditure for the year ended 31 August 2020 as required by the SORP 2015** 

## **31 Other Expenditure - Governance costs** 

|**Other Expenditure - Governance costs**|||||
|---|---|---|---|---|
|Independent Examiner's fees<br>Legal fees and costs on governance<br>matters<br>**Total Governance costs**|**Current year**<br>**Unrestricted**<br>**Funds**<br>**2020**<br>**£**<br>630<br>-|**Current year**<br>**Restricted**<br>**Funds**<br>**2020**<br>**£**<br>-<br>-|**Current year**<br>**Total Funds**<br>**2020**<br>**£**<br>**630**<br>**-**<br>**630**|**Prior Year**<br>**Total Funds**<br>**2019**<br>**£**<br>600<br>45,000|
||**630**|**-**||**45,600**|



## **32 Total Charitable expenditure** 

|**Total Charitable expenditure**|**Total Charitable expenditure**||
|---|---|---|
|**Current year**<br>**Unrestricted**<br>**Funds**<br>**2020**<br>**£**<br>Total direct spending<br>**B2a**<br>187,460<br>Total charitable trading costs<br>**B2b**<br>-<br>Total support costs<br>**B2d**<br>312,634<br>Total Governance costs<br>**B2e**<br>630<br>**Total charitable expenditure**<br>**B2**<br>**500,724**||**Current year**<br>**Current year**<br>**Prior Year**<br>**Restricted**<br>**Funds**<br>**Total Funds**<br>**Total Funds**<br>**2020**<br>**2020**<br>**2019**<br>**£**<br>**£**<br>**£**<br>20,322<br>**207,781**<br>216,149<br>-<br>**-**<br>29,526<br>-<br>**312,634**<br>239,935<br>-<br>**630**<br>45,600|
||**500,724**|**20,322**<br>**521,045**<br>**531,210**|



## **33 Expenditure on raising funds and costs of investment management** 

|Commissions payable<br>**Total fundraising costs**<br>B1|**Current year**<br>**Unrestricted**<br>**Funds**<br>**2020**<br>**£**<br>-|**Current year**<br>**Current year**<br>**Prior Year**<br>**Restricted**<br>**Funds**<br>**Total Funds**<br>**Total Funds**<br>**2020**<br>**2020**<br>**2019**<br>**£**<br>**£**<br>**£**<br>-<br>**-**<br>216|
|---|---|---|
||**-**|**-**<br>**-**<br>**216**|



33