REGISTERED CHARITY NUM8ER: 1169758 REPORT OF THE TRUSTÈES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023 FOR FLEXIBLE LEARNING CENTRE FOLINDATION SHABIR NAWAB & CO 11 Portland Road Edgbaston Birmingham West Midlands 816 9HN
FLexiBLE LEARNING CENTRE FOUNDATION CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023 Page Report of the Trustees Statement of FinanGial Acfjvle3 Balano Sheet Notes to the Financial Ststements 4t05 Detailed Stslemenl of Financial Adryilles
FLEXIBLE LEARNING CENTRE FOLINDATIOM REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 OCTOBER 2023 The trustees present their report wlih the financial Statements of the charty for the year ended 31 Ortober 2023. The trustees have atJopted the provisions of the Statement of Recommended Pra¢lice ISORPI 'AccountSng and Reporting by ChaTleS, {effe¢tive 1 January 20151. REFERENCEAND ADMINISTRATIVE DETAILS Reg15tgrgd Charity numbor 1169758 Prlnclpal addrgss 23 All Saints" Roa¢J Birmingham West Midlands B18 5QB Trustses Ms Shamim Akhtar Mr Majid Raza Mr Arshad Mahmgod STRUCTURE, GOVERNANCE AND MANAGEMENT Goveming document '.The charity Is controlled by its governing do¢ument, a deed of trust, an¢J constitutes an unincorporated Rl$k management The trustees have a duty to id8ntfy and VIeW the rfsks lo which the chanty is exposed and lo ensure approprlale controls are in place to provide reasonable assurance agalnst fraud and error. OBJECTIVES AND A¢TIVITIES Objtrctiv and aims The main charitable oblethves being.. 1. The advancernenl of education for the public benefit by.. al The.provlsion of accredited Iralnlng courses for partlcularfy young people but not exclusively young offenders and youths nol in e<lucation. employment or training needs. bl Tralnlng and educational support for adults who are not in education or employment and who are tecefvlng spe¢ific beneffts from the stsle or who would not otherwise be able to afford education to advance Iheii Opportun&$ for economic and financial stabilty. 2. The advancement in lrfe of children aged 13-16 who reside within 5 mlles of Binningham and are excluded lor at risk of being excluded) from mainstream education and come from economically and financlally deprived background by providing advice, assistance and programmes of activrties as means to develop their 8kllls, capacfoes and capabilities and enable them to path'cip*e in society as independent, mature and responsible individuals. ON BEHALF OF THE BOARD: hlls SHAMIM AKHTAR- Tru8tee 30th Aprll 2024 Page 1
FLEXIBLE LEARNING CENTRE FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 OCTOBER 2023 2023 Unreslricled funds 2022 Unrestricted funds Notes INCOMING RESOURCE8 Incornlng rosources from generntsd funds Voluntary income 8.000 RESCOURCES EXPEMDED Costs of generating funds Costs of generating voluntsry income 9,887 4,805 NET IOUTGOINGlnNCOMING RESOURCES {1,667) (4,8051 RECONCILIATION OF FUNDS Totsl funds brought foThYard 253 5,058 TOTAL FUNDS CARRIED FORWARD {1,4141 253 The note$ form part of these financial statements Page 2
FLEXIBLE LEARNING CENTRE FOUNDATION BALANCE SHEET AT 31 OCTOBER 2023 2023 Unreslrfcted funds 2022 Unrestrfcted funds Notes CURRENT ASSET8 Cash at bank 7B6 1,878 CREDITORS Amounts falling due within one year 12,2001 11,6251 NET CURRENT ILIABILITIESIIASSETS (1,4141 253 TOTAL ASSETS LESS CURRENT LIABILITIES 11,4141 253 NET {LIABILITIE8IIASSETS 11,414) 253 FUNDS Unrestriciad fijnds 11.4141 253 TOTAL FUNDS {1,4141 253 The finanrAal stslements were approved by the Board of Tru$lees on 30th April 2024 and were 6ign¢d.on ts behaEI by.. MS SHAMIM AKHTARI .Trustee notes fom part of these financlal Stalemenls Page 3
FLEXIBLE LEARNING CENTRE FOUMDATION MOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023 ACCOUNTING POLICIES AcGountlng convontlon The financial statements have been prepared in accordance with Accounting and Rewting by Charilies.. Ststgment of Recommended Pracfjce applicable lo Gharities preparing their aocounts in accordance with the Financial Reporting Standard IFRS1021-charities SORP (FR102) {effeGtive 1 January 20151, ond the Charities Act 2011. Ineomlng rèsou•¥ All incoming resources ar& inclyde¢J on the Statement of Financlal Athvilies when the charity is legally enlill&d Ic• the incorne and the amount can be quantrfied with reasonable aceJJr8cy. There was no income generated durir4J the year. Resourc95 expended Expenditure is accounlod for on an accruals basi$ and has been classlfied under headlng8 th81 aggregate all cost related lo the category. costs cannot be diredy attribulerl lo particular headlngs they have been allocated to activities on a ba$is Consistanl with the use of re30ur¢es. Taxation The charity18 exempt from tax on its charitable aclivities. Fund accountlng Unre5tri¢ted funds ean be used in accordance with the charitable objeclEves at the dlscretlon of the trustees. Restrfcted funds can only be used for p8rticular r¢strcted purposes Mlhin the obj'ects of the charfty. Restricb"on8 arise when specified by the donor or when funds are ralsed for particular restricted purposes. Further explanation of the nature and purpose of each fund Is included In Ihe not95 to the )Inanclal 8tst8menls. COST OF GENEFiATING VOLUNTARY INCONE 2023 2022 Heal and light Rates and water Repairs and renewals Support costs 49 5,452 1,316 2,850 4,736 69 4,805 TRUSTEE8' REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 October 2023. Trustees. Exp¢n$¢¥ There were no trustee$, expenses paid for the year ended 31 October 2023. The notes form part ofthese financial Ststemenls Pagè 4
FLEXIBLE LEARNING CENTRE FOUNDATION NOTES TO THE FIMANCIAL STATEMENT8 - CONTINUED FOR THE YEAR ENDED 31 OCTOBER 2023 CREDITORS.. AMOUNTS FALLIMG DUE WITHIN ONE YEAR 2023 2022 Other creditors 2,2¢)0 1,625. MOVEMENT IN FUND8 Nel movement in funds At 31110123 At01111122 Unrtr5trictod fund$ General fund 253 11,6671 (1,4141 TOTAL FUNDS 253 1,414 Net movement in funds, included In the above a as follows.. Incoming RvJources Movement in resources expended fund$ Unre$trl¢ted funds Gengral fund 8,000 19.667) {1,667) TOTAL FVNDS The note5 form part of these financial stslements Page 5
FLEXIBLE LEARNING CENTRE FOUNDATION DEfAILED STATEMEP4T OF FINANCIAL ACTMTIES FOR THE YEAR ENDED 31 OCTOBER 2023 2023 Unrestricted funds 2022 Unreslricled funds INCOMING RESOURCES Voluntary Income Donations 8,000 Total in¢omlng resources B.000 RESOURCES EXPENDED Costs of ggneratlng Yoluntary Income Heat and light Rates and water. Repairs & renewals Support costs Fin*nco Bank charges Others Accountsncy and legal fees Motor Expense8 49 5,452 1,316 4,736 69 69 575 2,206 Total rnsourc•$ exp•ndod 9.667 4,805 Mat {exp•nditur•yln¢ome 11,6671 {4,8051 This page does not form part of the statutory financial ststements Page 6