## ## ## |`Directors' `
`Report`
`Accountants Report`
`Abridged `
`Profit and `
`Loss `
`Account`
`Abridged `
`Balance Sheet`
`Notes `
`to `
`the `
`Abridged `
`Financial `
`Statements`
`Detailed Profit and `
`Loss `
`Account`
`Detailed `
`Overhead Expenses Schedule `
`for `
`Directors`|`Page`
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`9`| |---|---| ILM FOUNDATION DIRECTOR'S REPORT {Continuedl FOR THE YEAR ENDED31 DECEMBER 2024 This report iyas apwoved by the bo&rd on 9 Septetnber 2025 and has been pre￿red in accordance with the special provisions relating to companie5 Subject to the srllall companies regime within Part 15 of ihe Companies Act 2006. Mohammed Tosir Miah Page 2 ACCOUNTANT'S REPORT TO THE DIRECTOR THE PREPARATION OF THE UNAUDITED STATUTORY ACC UNTSOF IL FOUNDATION OR THF. YEAR LNDED 31 DECEMBER 2024 As described in the balance sheet )'OU are responsible for the preparation of the financial statements for the year ended 31 December 2024 set ¢)ut on on page5 4 to 7 and you consider thai ihe company is exempt from a report under section 47711) of the Companies Act 2006. In accordan¢e with your instructions, li'e have compiled these unaudil41 financial statements ID order to a5SiSt >'ou io fulfil YOUT siatutory respon$ibilLtLCS, from the attounting Te¢ords 4[￿ ' omiation and exp12nations supplied to us. dted:9 September 2025 Abu Noivsh FC Chanered Certified Accountants Abu Noivshed Centre 71 Wordsworth Road Srnall Heath, Birmingham BIOOED West MidlatxEs Page 3 IL FOUNDATIO ABRIDGED PROFIT AND LOSS ACCOUNT R THE YEAR ENDED31 DECEMBER2024 Iyote 2024 2023 GTOSS profit 258,091 228,882 Administrattve experhses (254,924} 1233,7251 Profitl(Loss) OD ordinary g¢tivities before taxation 3,167 14,843) Tax on profEt oll ordinary activities ProfJtl(L0s5) for the Ilnancial y¢#r £ 3,167 £ 14.843} The comp2n)' has made no acqui51tions nor discontinued any operatioRs during 2024 therefore tltmtsver and operating profit derive entirely from Co#tin￿d operations. Page COMP NY NUMBER:09358840 ILM FOUNDATION ABRIDGED LANCE SHEET AT31 DECEMBER 2024 Note 2024 2023 Fixed a5set$ Tangible assets 123 Current assets Cash at bank and in hand 84.961 81,445 Credlto Amounts fallÉng due within one year (1.386) 11,i(rf>i Net turrtnt asset5 83.575 80,285 Total asseis less turrent lixblliti¢s 83.575 80,408 Net gsseti £83.575 £80,408 CApitg1 and reserves Profji artd loss a￿0￿￿1 83,575 80,408 Shareholder5, funds £83,575 £80,408 These financial Stslemenls have been prepared itt accordance with the special provtsions relating to companies subje¢t to the small companies regime within Part 15 of the Companies A¢t 21)06. Approved by the board of directors on 9 September 2025 and signed on its behalf. Mohammed Tosir Miah The annexed notes form part of these finawi815tatement$. Page 5 ILM FOUNDA TI NOTES TO THE FINAf4ciAL STATEMENTS OR THE YEAR EN ED 31 DECEMBER2024 AetountlllE pollcies Basis ofpreparation of financial statements The fJnallci815tatements have been prepared und¢r the historical cost convention itl &c¢ordance with the accounting polici¢s sei out below. These finan¢ial statenients have been prep2red tn a￿ordaIl¢e i¥ith FRS102 Section IA The Financial Reporting Standard applicable in the UK and Republic of I[el￿d and the Companies Act 2006. Cashllow $tAtement The Compan) has take¢J tdvantage of the exemption in Financial Reporting St2ndard No.] from the requirement to produce a cashflow state￿ent on the grounds that it is a small company. Incoming resources All incoming resoyrces are included in the SOFA when the Charity is legally ¢E)tÉtled to the income and amount can be quantified with reasonable a¢cura¢y. Resotsrces expended All e.xpertditure is accounted for on an accruals basis and has been classified under headings that aw¢gai¢ all ¢(￿S related to the Category Where costs cannot be directly attribwed to particular headin8s they have been a]lo¢ate41 tts attivities ot) a bASi5 consistent Wtth use of the resource5. Turnover Turnover comprises the invoiced value of goods and serviees supplied by the charity from ils activities from evenirtg Maktab and Weekend classe5. TaTrgible fixed 4sset$ TaTrgible fixed &ssets 21¢ Stat￿ at cost less depreeiatÈO]L DepreciaÉion is provided gt rdtes cal¢ui8ted to write off the cost less estimated residual v&lue of each asset over its expected useful life, as follows.. Plant and Machinery- 2(Vo per annum of c05t Fixtures and Fittings. 20 */0 per atmum of cost Page 6 ILM FOUNDATION NOTES TO THE FINANCIAL STATEMENTS {co￿lnued) R THE YEAR EN ED 31 DECEMBER 202 Tangible fl%ed Rssets TolAI Cost.. At l Jatiuory 2024 1,204 At 31 Deeember 2024 1.2(14 Depreciation= At l J2nuary 2024 Charge forthe year 1,081 123 At 31 December 2024 1,2Tr1 Net book value.. At 31 Decembei 2024 At 31 December 2023 £ 123 Page 7 ILM FOUiYDATION DETAILED TRADINC AND PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 DECEMBEk2024 2024 2023 Turnover Fees Tuition fees Building Donation GTanl SEN Dooations 187.616 32.530 33,025 2,740 2.180 184,352 31.450 13,080 258,091 228,882 Ov¢rhe%ds Other Administrative Costs 254,924 233.725 {254,9241 (233,725) Prof5U{Loss) on ordinAry activlties £ 3,167 £ 14,8431 Page 8 ILM FOUNDATION SCHEDULE OF OVERFIEAD EXPENSES FOR THE YEAR ENDED 31 DECEMBER2024 2024 2023 Other AdmlnlstrgtRv¢ Costs Wages and salaries Real rates and ￿TviCe ¢osts Utilities costs Propety repairs and maintenance Trdvel and sub515tence Insurance T¢lecommuni¢ations Printing, stationery & postsge SubscTiPtions Bank. charges Book purchased So¢ial aciivities Projeci activities A¢¢ouE]tancy Depreciation 177,121 51.248 8,234 133,157 9,174 5,986 71,503 540 266 2,978 3,519 570 2,006 33 4,325 3.526 692 206 2,518 675 2.313 1.804 123 3.877 1,909 240 254,924 233.725 TotAI overheAd eXp¢￿Se$ £254.924 £233,725