2020-12-31-accounts

Contents
							Page
Reference and Administrative		information
Trustees' report							2-5
Independent Auditors'	Report	to the Trustees ofThe Institute			of Ismaili Studies		6-7
Statement of Financial	Activities,		including	Income and Expenditure		Account
Balance Sheet
Cash Flow Statement
Notes to the Financial	Statements						11 - 19

				Total	Total
			Notes	2020	2O19
					6
Incoming resources
Income from Donations and Legacies:
Grants and donations			2	9,919,6OO	10,193,834
Gift in Kind			2, 20	6,017,336	4,913,677
Other income			2	310	1,285
Investment income			2	782	1,058
Total				14,937,928	15,110,444
Resources expended
Expenditure on:
Chsntsble activities			3	16,268,431	14,580,857
Total				16,266,431	14,580,857
Net (Expenditure)	I	Income		(318,603)	529,587
Transfers between	funds
Net movement in funds			12	(318,603)	529,587
Reconcolatlon offunds:
Total Funds brought		forward		1,994,«0	1,484,523
Total Funds canted		forward		1,676,807	1,994,110

84))tat)co Shod)2 st31~r2020
		Notes	at~2020		21	aeeembsl 2619
			6	8			8
Tangible annals		6 8	99,664 179~		127,944 134,389
Currant sonata
Cash stbank and In hand		9 18	1.641rTOt 6163)64		1~,661 1,002,104
eurle Ill
Cbnstwsi amounts fsllno dua rstthln	ane year	10	(761,9M)		(666,706)
Tata) nst assets or llablltusa							1,994,110
ahern eaphst and rsssniea
Cslisd up share aspfnu								10D
Funds oftba shortly
UnestshW funds		12		'),676,667			1,094,010
Tofat funds				4,97tksoy			1AO4,	110
The nisse cm papsa 11te 19fare part afthere~atslsmems. The flnlhcK~fa ware approved by(ha Truebrsa on Ruly			2D21 end wmrs	Company ilonad on their neheliby;		Number.	Gr424eta

			Notes		2019
					f
Net cash (outflow) Iinflow	from operating	activities	17	(384,465)	744,491
Cash flow from InvesUng	activities
Purchase oftangible assets				(103,437)	(115,783)
Interest received				782	1,688
Net cash used In Investing	acdvttles			(102,655)	(114,095)
Net (decrease) IIncrease	in cash		18	(487,140)
Cash st beginning ofyear				1,003,104	372,708
Cash at the end ofthe year			18	516,964	1,003,104
Cash consists of:
Cash at bank and in hand			18	515,964	1,003,104

Notes to	the Fina	the Fina	the Fina	ncial State	ment	s for the year e	nded 31 D	ecember 2	020 (contin	ued)
2 Analysis	ofIncome
										2020	2019
										5
Grants and	major	donna		one						9,919,500	10,193,779
Other dona5ons
										9,919,500	10,193,834
2 (I)GIhs In Kind
Gdls in Ignd	from	Aga Khan Founds5on			United	Kingdom) (nots 20)				$,017,338	4,913,677
										$,017,335	4,913,677
2 (5)Other	Income
Other Income										310	1,265
2 (01)Investment			Income
Bank interest										782	1,668
										782	1,668
2 (Iv) Income analyssd				by country
										8,984,000	9,685,500
United Igngdom		(Indudln		Gift in Kind)						6,953,928	5,424,919
										14,937,928	15,110,419
3Analysts	ofCharltatne			Expenditure
							Research	Graduate	Ubrary and	2020 Total	2019Total
							and	Programmes	Special
Governance							Academic		Cogectl one
							Pub5catlons
Direct Educsbonal			Expenditure				3,703,496	3,827,955	554,790	8,086,241	7,612,540
Support Costs							3,251,604	3,357,691	487,766	7,097,061	6,900,977
	Costs						33,134	33,121	6,874	73,129	67,340

			Research	Graduate	Ubrsry and	Govenmnca	2020 Total	2019Total
			and	Proanimlnss	Specbil	Costs
Legal	arid~Fess		Academm Publications 5		Cogecdora	25,703	25,703	20,000
Staff	costs		738,266	762,107	111,193	47,426	1,858,992	1,743,468
Other	costs		2,513,338	2,595,584	376,573		6,485,498	5,204,849
Total	Support and Governance	costs	3,251,604	3,357,591	467,788	73,129	7,170,190	6,968,317

			2020	2019
			f	f
Auditors'	remuneration:	audit fees	21,570	17,500
Auditors'	remunerebon	Secretarial snd tax services	4,133	2,827
Depreciabon oftangible		fixed assets	96,382	77,980

(I) Staff Cos	ts
					2019
					f
Permanent	staff:
Salaries and	wages			6,483,131	5,358,023
Social security costs				671,366	539,292
Pension costs (defined		contribution	scheme)	621,256	508,349
Other costs				587,012	207,948
				7,182,764	8,611,610

8 Tangible fixed as	sets
			Office			Total
			Equipment
costs
At 1 January 2020			823,795	792,348	134,389	1,760,632
Additions			45,907	21,525	35,905	103r07
At 31 December 2020			859,702	813,973	170,294	1,863,$6$
Deprsclafion
At 1 January 2020			749,125	739,074		1,488,199
Charge for the year			73,012	23,350		98,392
At 31 December 2020			822,137	762,464		1J)84,691
Net book value			47,666	61,619	170,294	269,378
At 31 December 2019			74,670	53,274	134,389	262,333
Afi assets sre held for	charitable	purposes.
9 Debtors: amount	falling due	within one year (except for note below)
						201$
						6
Amount owed by islamic Pubkcsfions			Limited (related undertaking)		522,260	480,685
Prepayments					848,682	537,597
Other debtors					272,379	278,999
					1,641,301	1,297,381

		2019
		E
Analysts ofcreditors
Trade and other creditors	411,568	414,967
Accruals	339,478	153,741
	751,036	568,708

					2020	2019
					E	E
100	ordinary	shares	ofE1	each			100

12(I)Unrestric	te	d fu	nds
					2020	2019
					E
1 January					1,994,010	1,464,423
(Deficit) / surplus		for the financial year			(318,503)	529,687
31 December					1,675,507	1,994,010
12(8)Reconcglatlon			ofmovements	in funds:
					2020	2019
					E	E
(Deficit) / surplus		for the financial year			(318,503)	529,587
Funds brought	forward				1,994,110	1,464,523
Funds cerned	forward				1,676,607	1,994,110
					2020	2019
					E	E
Tangible fixed	assets				259,378	262,333
Current assets					2,157,265	2,300,485
Currant liabilities					(751,038)	(568,708)
ence e		ceiii			1,675,607	1,994,110

				2019
				6
Bank	interest	receivable	782	1,668

Net (expenditure) / income	Net (expenditure) / income		(318,603)	529,587
Depreciation on tangible	fixed assets		96,392	77,980
Interest receivable			(782)	(1,668)
Increase / (Decrease) in	creditors		182,328	(353,418)
(Decrease) / increase in	debtors		(343,$20)	492,010
Net cash infkwv / (outflow) from operaUng		arthittles	(384,486)	744,491

					2020	2019
					E	E
Changes	in the year
At 1 January					1,003,104	372,708
Net cash	(outflow)	r inflow from operating	and investing	activities	(487,140)	630,396
At 31 December					616,984	1,003,104
19 Capital expenditure
					2020	2019
					E	E
Purchase	oftangible assets				103,437	115,763
Net cash	outfhwv	for capital expenditure			103,437	115,763