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|Contents||||||||
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||||||||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|
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|||||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|
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|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||
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||||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|
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|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|
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||||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|
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|(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|
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|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|
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|||2019|
|---|---|---|
|||E|
|Analysts ofcreditors|||
|Trade and other creditors|411,568|414,967|
|Accruals|339,478|153,741|
||751,036|568,708|
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||||||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|
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|||||2019|
|---|---|---|---|---|
|||||6|
|Bank|interest|receivable|782|1,668|
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|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|
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||||||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|
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