REGISTERED CHARITY NUMBER: 1169758 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024 FOR FLEXIBLE LEARNING CENTRE FOUNDATION SHABIR NAWAB & CO 11 Portland Road Edgbaston Birmingham West Midlands B16 9HN
FLEXIBLE LEARNING CENTRE FOUNDATION CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024 Page Report of the Trustees statement of Financial Activities Balance Sheet Notes to the Financial Statements 4t05 Detsiled Statement of Financial Activits'es
FLEXIBLE LEARNING CENTRE FOUNDATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 OCTOBER 2024 The trustees present their report with the financial statements of the charity for the year ended 31 October 2024. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities, (effective 1 January 2015). REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1169758 Prlncipal addross 23 All Saints Road Binrjingham West MKllands B185QB Trustees Ms Shamim Akhtar Mr Majid Raza Mr Arshad Mahmood STRUCTURE, GOVERNANCE AND MANAGEMENT Govemlng document The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity. Risk management The trustees have a duty to identify and review the risks to which the charity is exposed and to ensu appropriate controls are in place to provide reasonable assurance against fraud and error. OBJECTIVES AND ACTIVITIES Objectives and aims The main charitable objectives being: 1. The advanment of education for the public benefit by: he provision o accrecfFffraining courses1rnrt" offenders and youths not in education, employment or training needs. b) Training and educational support for adults who are not in education or employment and who are receiving specific benefrts from the State or who would not othemise be able to afford education to advance their opportunities for economic and financial stability. 2. The advancement in life of children aged 13-16 who reside within S miles of Birmingham and are excluded (or at risk of being excluded) from mainstream education and come from economically and financially deprived background by providing advice, assistance and programmes of activities as a means to develop their skills, capacities and capabilities and enable them to participate in society as independent, mature and responsible individuals. ON BEHALF OF THE BOARD.. MS SHAMIM AKHTAR - Trustee 261h August 2024 Page 1
FLEXIBLE LEARNING CENTRE FOUNDATION STA TEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 OCTOBER 2024 2024 Unrestricted funds 2023 Unrestricted funds Notes INCOMING RESOURCES Incoming resources from generated funds Voluntary income 9.000 8.000 RESCOURCES EXPENDED Costs of generating funds Costs of generating voluntary income 8,646 g,667 NET {OUTGOING)IINCOMING RESOURCES 354 {1,667) RECONCILIATION OF FUNDS Total funds brought forward {1,414) 253 TOTAL FUNDS CARRIED FORWARD (1,060) (1.414) The notes fom part of these financial statements Page 2
FLEXIBLE LEARNING CENTRE FOUNDATION BALANCE SHEET AT 31 OCTOBER 2024 2024 Unrestricted funds 2023 Unrestricted funds Notes CURRENT ASSETS Cash at bank 1,715 786 CREDITORS Amounts falling due within one year (2,775) (2,200) NEf CURRENT (LIABILITIES)IASSETS (1,060) (1,414) TOTAL ASSETS LESS CURRENT LIABILITIES {1,060) (1,414) NET {LIABILITIES)IASSETS (1,060) (1,414) FUNDS Unrestricted funds <1.060) {1,414) TOTAL FUNDS (1,060) (1,414) The financial statements were approved by the Board of Trustees on 26th August 2024 and were signed on tts behalf by.. MS SHAMIM AKHTARI -Trustee The notes form part of these financial statements Page 3
FLEXIBLE LEARNING CENTRE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024 ACCOUNTING POLICIES Accountlng convention The financial statements have been prepared in accordance with Accounting and Reportj'ng by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard (FRS102)-charities SORP (FR102) (effective 1 January 2015), and the Charities Act 2011. Incoming resources All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. There was no income generated during the year. Resources expended Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Taxation The charity is exempt from tax on its charitable activrties. Fund accountlng Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the twstees. Restricted funds can only be used for particular restricted purposes within the objects of the charty. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. COST OF GENERATING VOLUNTARY INCOME 2024 2023 Heat and light Rates and water Repairs and renewals Support costs (984) 6,061 1,603 1,g66 49 5,452 1,316 2,850 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 October 2024. Tru3tses' Expenses There were no trustees, expenses paid for the year ended 31 October 2024. The notes form part of these financial statements Page 4
FLEXIBLE LEARNING CENTRE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS- CONTINUED FOR THE YEAR ENDED 31 OCTOBER 2024 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Other creditors 2,775 2,200 MOVEMENT IN FUNDS Net movement in funds At 31110124 At01111123 Unrestrlcted funds General fund (1,414) 354 (1,060) TOTAL FUNDS 354 Net movement in funds, included in the above are as follows: Incoming resources Resources Movement in expended funds Unrestrictsd funds General fund 9,000 (8.646) 354 TOTAL FUNDS 8,646) 354 The notes form part of these financial statements Page 5
FLEXIBLE LEARNING CENTRE FOUNDATION DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 OCTOBER 2024 2024 Unrestricted funds 2023 Unrestricted funds INCOMING RESOURCES Voluntary income Donations 9,000 8,000 Total incomin9 resOUe$ 9,000 8,000 RESOURCES EXPENDED Costs of genorating voluntary income Heat and light Rates and water Repairs & renewals Support costs Finance Bank charges others Accountancy and legal fees Motor Expenses (984) 6,061 1,603 49 5,452 1,316 69 69 575 1,322 575 2,206 Total resources expended 8,646 9,667 Net Incomel(Expendltur8) 354 (1,667) This page does not form part of the ststutory financial statements Page 6