**09358840**
## **CHARITY REGISTERED NUMBER:1164396**
## **ILM FOUNDATION**
## **DIRECTORS' AND TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020**
## **ABU & ABU**
**CHARTERED CERTIFIED ACCOUNTANTS ABU NOWSHED CENTRE 71 WORDSWORTH ROAD SMALL HEATH, BIRMINGHAM B10 0ED WEST MIDLANDS**
## **ILM FOUNDATION**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
|**Company Number:**|09358840|
|---|---|
|**Registered Charity Number:**|1164396|
|**Director:**|Mohammed Tosir Miah|
|**Trustees:**|Mohammed Tosir Miah|
|**Registered Office:**|327 Moseley Road|
||Moseley|
||Birmingham|
||B12 0DX|
|**Accountants:**|Abu & Abu|
||Chartered Certified Accountants|
||Abu Nowshed Centre|
||71 Wordsworth Road|
||Small Heath, Birmingham|
||B10 0ED|
||West Midlands|
|**Bankers:**|Lloyds Bank PLC|
**ILM FOUNDATION**
## **FOR THE YEAR ENDED 31 DECEMBER 2020**
## **CONTENTS**
||**Page**|
|---|---|
|Charity - Trustees Report|1|
|Independent Examiner's Report|3|
|Balance sheet|5|
|Statement of financial activities|7|
|Schedule of funds|8|
|Notes|9|
## **ILM FOUNDATION**
## **DIRECTORS' AND TRUSTEES' REPORT**
## **FOR THE YEAR ENDED 31 DECEMBER 2020**
The Companies Act, submit their annual report and the unaudited financial statements for the year ended 31 December 2020. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" issued in 2005 in preparing the annual report and financial statements of the charity.
## **Structure, Governance and Management**
Objectives and activities
The principal activity of the company continues to be that of providing primary Islamic education and facilitating prayer faciliti for residence.
## **Achievements and performance**
The directors consider the profit achieved on ordinary activities before to be particularly satisfactory given the Covid 19 pandemic. climate.
## **Financial review**
## **Plans for future periods**
The directors are adapting to post pandemic new emerging situations.
Page 1
**ILM FOUNDATION**
## **DIRECTORS' AND TRUSTEES' REPORT** (Continued)
## **FOR THE YEAR ENDED 31 DECEMBER 2020**
## **Trustees' responsibilities in relation to the financial statements**
The trustees (who are also directors of the charity for the purposes of company @Hanging2@law)are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year , which give a true and fair view of the state of the affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for the year. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the
financial statements;
- prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report was approved by the board of directors and trustees on 22 September 2021 and signed on its behalf.
......................................................... Mohammed Tosir Miah Trustee.
Page 2
**INDEPENDENT EXAMINER'S REPORT**
**TO THE TRUSTEES OF ILM FOUNDATION**
## **FOR THE YEAR ENDED 31 DECEMBER 2020**
I report on the accounts which are set out on pages 5 to 12
## **Respective responsibilities of the**
The trustees who are also directors of the company for the purpose of company law are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144 (2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. Having satisfied myself that the charity is not subject under company law and is eligible for independent examination, it is my responsibility to:
Examine the accounts under section 145 of the 2011 Act; follow the procedures laid down in the general directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act); and state whether particular matters have come to my attention.
## **Basis of independent examiner's report**
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a "true and fair view" and the report is limited to those matters set out in the statement below.
## **Independent examiner's statement**
In connection with my examination, no matter has come to my attention:
1. which gives me reasonable cause to believe that, in any material respect, the requirements:
a. to keep accounting records in accordance with section 386 of the Companies Act 2006; and
b. to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities
2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
........................................ Dated:24 September 2019
Abu Nowshed, FCCA Chartered Certified Accountants Abu Nowshed Centre 71 Wordsworth Road Small Heath, Birmingham B10 0ED West Midlands
Page 4
## **COMPANY NUMBER: 09358840**
## **ILM FOUNDATION**
## **BALANCE SHEET**
## **AT 31 DECEMBER 2020**
||**Note**||**2020**|||**2019**||
|---|---|---|---|---|---|---|---|
|||**£**||**£**|**£**||**£**|
|**Tangible fixed assets**||||||||
|Tangible assets|5|||915|||963|
|**Current assets**||||||||
|Bank Accounts||30,056|||44,440|||
|||**––––––**|||**––––––**|||
|||30,056|||44,440|||
|**Creditors**||||||||
|Amounts falling due within||||||||
|one year|6|660|||100|||
|||**––––––**|||**––––––**|||
|**Net current assets**||||29,396|||44,340|
|||||**––––––**|||**––––––**|
|**Total assets less current liabilities**||||30,311|||45,303|
|||||**––––––**|||**––––––**|
|**Net assets**||||£30,311|||£45,303|
|||||**––––––**
|||**––––––**
|
|**Capital funds**||||||||
|Unrestricted funds||||30,311|||45,303|
|||||**––––––**|||**––––––**|
|**Total funds**||||£30,311|||£45,303|
|||||**––––––**|||**––––––**|
For the year ending 31 December 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
Director's responsibilities:
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
The director acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These financial statements have been prepared in accordance with the special provisions relating to the small companies regime within Part 15 of the Companies Act 2006). Approved by the trustees on 22 September 2021 and signed on its behalf.
................................................... Mohammed Tosir Miah
The annexed notes form part of these financial statements.
Page 6
## **ILM FOUNDATION**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020**
|||**Total**|**Total**|
|---|---|---|---|
||**Unrest'd**|**Funds**|**Funds**|
||**Funds**|**2020**|**2019**|
||**£**|**£**|**£**|
|**Incoming resources**||||
|Incoming Resources from||||
|generated funds:||||
|Voluntary income|95,975|95,975|102,521|
||**–––––––**|**–––––––**|**–––––––**|
|**Total incoming resources**|95,975|95,975|102,521|
||**–––––––**|**–––––––**|**–––––––**|
|**Resources expended**||||
|Costs of generating funds|37,613|37,613|28,800|
|Charitable activities|1,357|1,357|9,078|
|Governance costs|71,997|71,997|64,133|
||**–––––––**|**–––––––**|**–––––––**|
|**Total resources expended**|110,967|110,967|102,011|
||**–––––––**|**–––––––**|**–––––––**|
|**Net movement in funds**|(14,992)|(14,992)|510|
|**Total funds brought forward**|£ 45,303|£ 45,303|44,793|
||**–––––––**|**–––––––**|**–––––––**|
|**Total funds carried forward**|£ 30,311|£ 30,311|£ 45,303|
||**–––––––**
|**–––––––**
|**–––––––**
|
Details of Incoming resources and resources used are given in the notes to the financial statements.
Page 7
**ILM FOUNDATION**
## **STATEMENT OF FINANCIAL ACTIVITIES**
## **DETAILED ANALYSIS OF MOVEMENTS IN FUNDS**
## **FOR THE YEAR ENDED 31 DECEMBER 2020**
|||**2020**|||**2019**||
|---|---|---|---|---|---|---|
||**£**||**£**|**£**||**£**|
|**General Fund**|||||||
|Balance B/fwd|45,303|||44,793|||
|(Deficit)/Surplus for the year|(14,992)|||510|||
||**–––––––**|||**–––––––**|||
||||30,311|||45,303|
||||**–––––––**|||**–––––––**|
|**Total funds at 31 December 2020**|||£ 30,311|||£ 45,303|
||||**–––––––**
|||**–––––––**
|
Page 8
**ILM FOUNDATION**
**NOTES TO THE FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 31 DECEMBER 2020**
## 1. **Accounting policies**
The financial statements have been prepared under the historical cost convention in accordance with the accounting policies set out below.
These financial statements have been prepared in accordance with FRS102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
## **Cashflow statement**
The Company has taken advantage of the exemption in Financial Reporting Standard No.1 from the requirement to produce a cashflow statement on the grounds that it is a small company.
## **Incoming resources**
All incoming resources are included in the SOFA when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
## **Resources expended**
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with use of the resources.
## **Tangible fixed assets and depreciation**
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and Machinery - 20% per annum of cost Fixtures and Fittings - 20 % per annum of cost
## 2. **Turnover**
Turnover is attributable solely to continuing operations from charitable from one activity that of marketing.
## 3. **Operating loss**
|**Operating loss**|||
|---|---|---|
||**2020**|**2019**|
||**£**|**£**|
|This is stated after charging:|||
|Accountancy|1,524|100|
|Depreciation of owned assets|48|241|
||**–––––––**
|**–––––––**
|
Page 9
**ILM FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS** (Continued)
## **FOR THE YEAR ENDED 31 DECEMBER 2020**
## 4. **Staff costs**
The average number of persons employed by the company, including director, during the year was as follows:
|||**2020**|**2019**|
|---|---|---|---|
||Administration|8|8|
|||**––––––**
|**––––––**
|
||The aggregate payroll costs of these persons were as follows:|||
|||**2020**|**2019**|
|||**£**|**£**|
||Wages and salaries|68,671|61,536|
|||**––––––**|**––––––**|
|||£68,671|£61,536|
|||**––––––**
|**––––––**
|
|5.|**Tangible fixed assets**|||
||||**Plant**|
||||**and**|
||||**Machinery**|
||||**£**|
||Cost:|||
||At 1 January 2020||1,204|
||||**–––––**|
||At 31 December 2020||1,204|
||||**–––––**|
||Depreciation:|||
||At 1 January 2020||241|
||Charge for the year||48|
||||**–––––**|
||At 31 December 2020||289|
||||**–––––**|
||Net book value:|||
||At 31 December 2020||£ 915|
||||**–––––**
|
||At 31 December 2019||£ 963|
||||**–––––**
|
Page 10
## **ILM FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS** (Continued)
## **FOR THE YEAR ENDED 31 DECEMBER 2020**
## 6. **Creditors**
Amounts falling due within one year:-
|Sundry Creditors
7.
**Incoming resources**
**Unrest'd**
**Funds**
**2020**
**£**
**Voluntary Income**
Fees
95,975
Fund Raising Events
0
Tuition fees
0
**–––––––**
95,975
**–––––––**
8.
**Costs of generating funds**
**2020**
**£**
Rent rates and service costs
27,783
Utilities costs
1,680
Property repairs and maintenance
8,150
**–––––––**
9.
**Charitable activities**
**2020**
**£**
Advertising and Marketing
1,357
Fundraising costs
0
Event hire
0
**–––––––**
|**2020**
**£**
660
**––––––**
£ 660
**––––––**
**Total**
**Funds**
**2020**
**£**
95,975
0
0
**–––––––**
95,975
**–––––––**
**2020**
**£**
37,613
**–––––––**
**2020**
**£**
1,357
**–––––––**
|**2019**
**£**
100
**––––––**
£ 100
**––––––**
**Total**
**Funds**
**2019**
**£**
0
1,141
101,380
**–––––––**
102,521
**–––––––**
**2019**
**£**
28,800
0
0
**–––––––**
56,583
**–––––––**
**2019**
**£**
2,648
3,730
2,700
**–––––––**
9,078
**–––––––**
|
|---|---|---|
Page 11
## **ILM FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS** (Continued)
## **FOR THE YEAR ENDED 31 DECEMBER 2020**
## 10. **Governance costs**
|**Governance costs**||||
|---|---|---|---|
||**2020**|**2020**|**2019**|
||**£**|**£**|**£**|
|Telecommunications|380||272|
|Printing, stationery & postage|1,265||1,247|
|Bank charges|109||618|
|Sundry expenses|0||119|
|Wages and salaries|68,671||61,536|
|Depreciation|48||241|
|Accountancy|1,524||100|
||**–––––––**||**–––––––**|
|||71,997|64,133|
|||**–––––––**
|**–––––––**
|