COMPANY NUMB ILMF DIRE KEPORT AND FINANCIAL STAT MENTS FOR THE YEAR ENDED 31 DECEMBER 2023 ABU & ABU CHARTERED CERTIFIED ACCOUNTANTS ABU NOWSHED CENTRE 71 WORDSWORTH ROAD SMALL HEATH BIRMI Bl MtDLANDS
MFO NDATION COMPANY INFORMATION Company NlDber. 09358840 Dlre¢tor: Mohattrned Tosir Miah ReEiJtered Office: Ilm F(K]ndation Bisleyworks Golden Hillock Road B112PY AtcountantK' Abu & Abu ChBrtcred Certified AccountaLTrts Abu Nowsbed Centre 71 WDrdswortb Road Small H¢ith. BIr]nghaM BIO OED W¢5t Midla¥Jds B%nkers: Lloyd5 Bank PLC
ILM FOUNDATION REPORTS AND FINAN ATEMENTS FOR THE YEAR ENDED 31 D ER 2023 ONTENTS Page Dir¢¢tors' Report Accountants Repr>rt Abridrd Profit and IKJSS A¢¢outtr Abridged Balglloe Sheet Notes to the Abridged Fioancial Sfaternents D¢tsiled Profit and Loss Accoutti Detailed Overheod Expen schedle for Dire¢tors
ILM FOUNDA ON DIRECTOR'S REPORT FOR THE YEAR ENDE 31 DECEMBER 202 The dir¢¢iorpresents htswort and the finanGitt] sta¢emeDts for the year¢ThJrd 31 Decemb¢r2023. Printip&l a¢tlvltleJ The prkllcipai activity of the con)paDy continu¢s to be that of providiog primary Islamic education and facilitating praw facilili forresidence. Dlreetors director who s¢d dyring thc year was follows.. MohHtTJmed Tosir Mia Revlew ofthe Buslness Th¢ ditorS Co81der the profit a¢bieved on ordiw activiiies b¢for¢ to be particularly satisfa¢tory given the Covid 19 pan(kmic. cltmate. RÈspobslblllties of the dlrectoy The tru5tecs (who are a]so dtre¢tOES of the charity for the putposes of ¢ony#ny @HangJng2@lawlar¢ r¢5POtk511 )le for preparitig th¢ Trustee5' AtNIal Report artd tb¢ fiDCla]statern¢nts ijj acctsrda¢ with applicable ijw and United KingdotD Accountiag Standards (UtsIt Kitsgdom Gellerdlly Accepted AtcountiDg Practice). Company law require5 the tnlee9 to pr¢parc fEDancial st&teJnents for each fitwjcial ycar, which ve a trur and faw vi¢w of the state of the affaiT5 Of th¢ charitable cot)4)atty and of the incoming resources 2ttd application of r¢80uree5. includitt8 the illcottje and expenditure. of th¢ Glwitsble company for the y¢#r. In pr¢paEing these financial staiemettts. the trustees are required to.. seletÈ suitsbl¢ occounting polictes and opply th¢m consistently. observe the methots aod priu¢iples itl the Cbarities SORP,. make judgements ¢5¢imates that are r¢asonabl¢ and Prudent.. state wh¢th¢r applicable UK Accou#ting Stsndards h&ve been follow¢d, Subject lo any maierial departut¢s di5¢1os¢d and explained itt th¢ financial ststerneJ' prepare the fu111 5tatctllents OTr a going ¢¢mc¢rn basis unles8 It is illtpproprijte to plesul that the charity will conliDue in operatioth. The trnstees are resw>nsible for keeping adequ3te #rwunting records tbat disclose wth r¢agonable accwacy at Aoy time th¢ financial position of the ¢lwitsbl¢ cornpaDy and eJJabl¢ them to ¢nsure that the fjnattcial stat¢u*ot5 ¢omply with th¢ Cotw)2tii¢s A¢¢ 2006. They are also respottsibl¢ for safeguarding the ass¢ts of the ¢haritable ¢ompany and henc¢ fortakitlg reasonable steps for the prevetion alld detectiou of fraud attd otlKr irr¢guEarities. Page
ILM FOUNDATIOIY DIRECTOR'S REPORT (CotstinU) FOR THE YEAR ENDED 31 DE EMBER 20 Thi5 report was approved by the board ou 24 Septetttb¢E 2024 Jod ha5 bccn prepared in accordglltt with the Special provisions relatill8 to companies subject ty the STttall coaTJpanie5 regirne within Part 15 of the Companies Act 2000. /f Mohammed Tosir Miah Page
ACCOUNTANT'S REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STA T TORY A OUN OF ILM FOUNDATION FOR THE YEAR ENDED 31 DECEMBER 2023 As deribed in the balan¢e sheet you are responsible for the prepaTaiion of the ftnanGial 51atemeTrts for the year ended 31 December 2023 sel out on on pages 4 to 7 and you consider thai the company is exempi froin a Teport 'under section 477{11 of the Companies Act 2006. It) accordance with your instructions: we have compiled these unau ted financial siatemenis in older to assist you to fulfil yoE]r statsjtory responsibilities, from the accounting andi aiion and explanaiiofis supplied to us. Dated=24 September 2024 Abu Nowshtd FCCA Chartered Ceffified AOUntantS Abu Nowshed Centre 71 Word5WOrth Road Small Heath, Birnhingham BIOOED Wesl Midlknd5 Page 3
ILM FOUNDATION AB PROFIT Af4D LOSS ACCOUNT FOR THE YEAR ENDED il DECEMBER 2023 Note 2023 22 Gross profit 228.882 187,724 Adtt)iJJistrative expthses (233,725) (185.6621 (L•ssyProfit ordlnary aclAvltles before tAxado 14,843) 2,062 Tox on Ioss OEdinary actiTrities ($sYPrO f•r th¢ fin4th¢511 ye•r £ (4,843) £ 2.062 The company ]Jas tn&d¢ uo a¢qutSiti05LS DOT discontinued any op¢rntions during 2023 therefore turnover and ope*atingprofit d¢rivc entirely frotD continued OpaIt0. Pa8e
COMPANY N BER:O9358840 ILM FOUNDATION ABRIDG LANCE SHEET AT 31 DECEMB R 2023 Note 2023 21122 F5xed a$gets Txngibl¢ 455ets 123 123 Curr¢nt Ass¢ts Casb at bark and itt hattd 81,445 86,088 Credltors Amoullls hllkttg due wi¢bi ott¢ y¢ar {1,160) (960) Net curreat auets 80285 85.128 Totsl 4$8tts les$ current Ilablllties 80,408 85.251 Net a5*ts £80.40B £85251 Capital Y4nd rtteryes Profit and105s account 80.408 85251 Shareholdety. fvnds £80.408 £85.251 The5c financial statemeDts have been preFdTed in acrord4nc¢ with the special provisions relatin8 to compaJJies sybjeci to the small comp•nies r¢giTne within Part 15 of the Companies Act 2006. Approved by the bojrd of directors Ot) 24 Sepkmber 2024 signed on its bchalf. Mohammed Tosir Mi Th¢ ajlljexed notes fornip&rt of thes¢ ftttaÈLci81 $tst¢m¢Thts. Pa8e
ILM FOUNDATION NOTES TO ThE FINANCIAL MENTS FOR THE YE R ENDED 31 DECEMBER 2023 Aetollntlng polldes Basls of prepargtlort of fl¢11 statements The finattcial statemmts hove been prepared uttder th¢ hIOn¢&I cost convention in accordattce with the atctsuntiug poliGies sct outbelow. Th¢5¢ financial statements have b¢¢n pr¢pared in accotdattce with FRS102 Se¢iion IA - The FIancIal RertIng Stsndard appli¢bl¢ in th¢ UK and Rep¥blic of tr¢laThl #tEd th¢ Cornpanics Act 21JO6. Cashliow Btatenwit The Company h&8 taken advantagc of the exen¥tion in Fittatkcial ReportiDg StaiJdaEd No.1 from the ¥¢quir¢m¢nt to produce a cashllow statement on th¢ undS that it is a small company. Ineomlllg resonrtex All incoming resource$ in¢lud¢d in the SOFA whett th¢ ¢harity is legally ¢tttiticd to the incott)c attd the amouttt tan be qvaThtifi¢d with reasonable ¥cwa¢y. Rert¢S exp¢nd¢d All expendire is a¢couJxted for on an accntals basis and has l¢n ¢1&$5ified under headings that a8gre88t¢ ttil ¢osts r¢lat¢d to the calegory )Ere Costs capnot b¢ dir¢¢ily attributcd 10 particul&r headitt8$ th¢y hav¢ b¢¢n alloc&ted to actiTrities on 8 basis ¢onsistentwithuse of the resources. Thrnov¢r Turnover comprises the invoi¢ed value of goods and setvices swlied by lh¢ ¢lharity from its activities from evcnirt8 M2kt&b aTd Wcekcnd clas5CS. Tanglble fixed assets Tangible fixed as5els are stated at ¢ost k5$ d¢pTeciatLori. Depreciation is provided at rat¢s Calculated to WTi off ihe CO less ¢$timo¢ed ressdual value of each asset over it$ expected usrftd iÉfe. a5 follows.. Plant attd Mathin¢ry- 20Q/o pcr annum of cos( Fiiliir¢s ani5 Fitiings- 20 ¢/0 per anttumof ¢o$i Pa8e
ILM FOULYDATJOIY NOTES TO THE FINANCIAL STATEMET4T (CoLtinued) FOR THE YEAR ENDED 31 D EMBLR 20 Tanglble fjxed Assets Total At l Jattuary 2023 1.204 At 31 Dec¢Ellb¢r 2023 Depreciation.. At l January 2023 1,081 At 31 Dec¢mb¢T 2023 1,081 Nct book value". At 31 December2023 £ 123 At 31 D¢r¢mber 2022 £ 123 Pag¢ 7
ILM FOUNDATION DETAILED TRADIN AND PR D LOSS ouKr R THE YEAR ENDED 31 DECEMBER 2 2023 2022 TnVer 184.352 Fund Raisin8 Evejts Tuition fees BuildiJ]g Donaiio 6.977 172,657 8,090 31.450 13,080 228.882 187,724 Ov¢rheadi Other Admtni$trfive Costs 233,725 185,662 (233.725) 1185.662) (I$)flt ordiniry a¢livitie$ £ (4.843) £ 2,062 Page 8
ILMF ATtON CHEDULE OF OVEiUIEAD EXPENSgS ENDED31 D CEMBER 2013 2023 2022 Oth¢r Adothistr&tlv¢ Costs Wag¢s w)d salari¢$ Rent rates alld service costs Utilities costs Property r¢p2irs maintenance Tra1 aTJd subsistence AdvertiSiD8 aThd MaTketinE 133,157 9.174 5,986 71,503 540 I22,7 49,132 6,998 1,081 374 266 2,978 3519 570 T¢l¢eoTtiInutLications Printia& statior*ry & posta8e SubsttiptioJJ8 1.732 1.308 265 3 J77 Proje¢t a¢tiviU¢S knrountanry Depreciation 1,350 1,384 31 240 233,725 185.662 Total overhead expenses £233.725 £185.662