ISLAMIC DA’AWAH ACADEMY
120 MELBOURNE ROAD LEICESTER
Charity Registration No: 1065175
Financial statements: Year ended 31/03/2021
Accountancy Management Services
455 Whalley New Road
Blackburn
ISLAMIC DA’AWAH ACADEMY
120 MELBOURNE ROAD
LEICESTER
Contents
| Page | |
|---|---|
| Trustees’ annual report | 3 |
| Statement of Trustees’ responsibilities | 8 |
| Auditors report | 9 |
| Statement of Financial Activities | 11 |
| Balance Sheet | 12 |
| Statement of Cash Flows | 13 |
| Notes to the financial statements | 14 |
Page 2 of 17
ISLAMIC DA’AWAH ACADEMY
120 MELBOURNE ROAD
LEICESTER
Trustees’ Annual Report
REFERENCE AND ADMINSTRATIVE DETAILS
Charity name
Islamic Da’awah Academy
Charity registration number
1065175
Principal office
120 Melbourne road Leicester LE2 0DS
Trustees
Mohmed Salim Dhorat Ismail Ibraheem Dhorat Ayaz Sidat Ahmed Ali Dhorat Suleman Dawood Ali
Solicitors
Khan & Co Solicitors 264 High Street, Smethwick Birmingham B66 3NL
Auditors
Accountancy Management Services SBU Ltd 455 Whalley New Road Blackburn BB1 9SP
Bankers
Barclays Bank Plc 1-3 Haymarket Towers Leicester LE1 1WA
Page 3 of 17
ISLAMIC DA’AWAH ACADEMY
120 MELBOURNE ROAD
LEICESTER
Trustees’ Annual Report
STRUCTURE, GOVERNANCE & MANAGEMENT
Governing Document
The charity is registered with the Charity Commission under charity number 1065175 and is constituted as a charitable trust, governed by a trust deed.
Organisational Structure
The trustees are responsible for the oversight and overall management of the charity. The trustees meet on a quarterly basis and undertake all key decision-making in relation to the overall control and strategic management of the charity. The operational management of the charity is delegated to sub-committees. Sub-committees are currently in place for the academic, finance, construction and maintenance functions. The trustees receive no remuneration or other financial benefits to fulfil this role.
Recruitment, Appointment and Training of Trustees
New trustees are appointed on the basis of eligibility, competence, specialist knowledge and skills. Upon appointment each trustee is given a copy of the trust deed, the latest audited accounts, recent meeting minutes and guidance regarding the policies and procedures.
Risk Management
A set of policies and procedures are in place to identify and manage risks, which form the internal controls framework. The policies are developed by the management team who are responsible for implementation and authorised by the trustees. The relevant policies and procedures are communicated to all staff and training given where applicable. Periodic policy reviews are undertaken to seek to ensure the internal controls framework remains relevant.
OBJECTIVES
The objectives of the Islamic Da’awah Academy (IDA) primarily focus on fulfilling the spiritual and religious needs of the Muslim community, together with serving the community in general. The local community in Leicester is the primary benefactor, but the wider society in the UK and abroad also benefits from the services offered by the IDA.
The objectives of the IDA continue to be as summarised below:
-
To educate Muslims from all walks of life, especially young Muslims, in all aspects of their spiritual and religious development;
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To support the Muslim community, and by doing so the wider community, by promoting good morals and conduct and positive social behaviour;
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To facilitate a greater awareness and understanding of Islam;
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To assist present and future generations of Muslims to preserve and perfect Islam in their lives; and
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To assist in the provision of any charitable services within the limits of the law and particularly within the bounds of Islam.
Page 4 of 17
ISLAMIC DA’AWAH ACADEMY
120 MELBOURNE ROAD
LEICESTER
Trustees’ Annual Report
In carrying out this review the trustees of the IDA have considered the Charity Commission’s general guidance on public benefit and its supplementary public guidance on advancement of religion for public benefit.
ACTIVITIES, ACHIEVEMENTS AND PERFORMANCE
IDA carries out a wide range of activities in order to pursue the objectives stated above. The activities detailed below provide benefit to those who attend our premises in person as well as the wider public locally, nationally and internationally. During the year, the activities were limited and primarily took place via online mediums, due to the COVID-19 pandemic restrictions.
RELIGIOUS SERVICES
Daily, Friday & Eid Prayers: The prayer facilities, though primarily for students of the IDA, are open to the public for the five daily prayers, Friday prayers and the two Eid Prayers. These facilities remained closed for most of the year due to the pandemic.
Nikah: A free service for couples who wish to perform Nikah (the Islamic marriage ceremony) is also provided at the IDA. Nikah ceremonies were impacted due to COVID-19,with 27 Nikahs performed in the year.
Zakah, Sadaqah (Charitable giving) & Relief Effort: It is the duty of every Muslim to assist those in need, regardless of their faith, and the IDA facilitates this obligation by collecting and distributing funds to support numerous relief projects for the benefit of all communities. During the year, the majority of support was provided for pandemic sufferers across 18 countries. Funds were also distributed to aid the building of homes, family sponsorship, support for medical treatment, food packs, hygiene and water kits for those affected by floods and shelter for refugees. A total of £201.7K was distributed to support those in need in the above-mentioned activities.
Religious guidance Department: The department provides guidance and solutions to questions relating to fulfilling religious duties submitted by members of the public, and are staffed by personnel proficient in Islamic jurisprudence, who are proficient in Arabic, English Urdu and Gujarati. The guidance throughout the year was delivered primarily via phone or postal letters.
EDUCATION
Jameah Riyadul Uloom (JRU) : JRU, established in 1998, is a full-time Islamic educational institute for higher Islamic education. It caters for male students over the age of 16 and aims to produce Ulama (scholars) who will serve the needs of Muslim communities, inspiring them to improve themselves as Muslims and citizens.
Riyadus Salihat (RS): RS, established in 2003, runs parallel to JRU and caters for female students over the age of 16, offering full and part time courses.
Both JRU and RS aspire to be centres of academic and spiritual excellence by providing authentic Islamic education and passing on the treasures of Islamic learning to future generations, whilst promoting spiritual development and perfecting good character and conduct. Due to the current pandemic and lockdown, both institutes had to resort to fulfilling their educational provision online for most of the year, with limited face to face teaching.
Madrasah Riyadul Quran (MRQ): MRQ is an evening madrasah and was established in 1993 to encourage local teenagers to continue their Islāmic studies beyond the age of 12. Students may enrol on the Further Education course or Part-Time ‘Alimiyyah course. The madrasah also offers Ḥifẓ (memorisation of Qur’ān) classes for children over the age of 10. The majority of the teaching during the year was delivered online due to restrictions relating to the pandemic.
Adult Learning Courses: The IDA offers a range of courses for adults in full time employment or college/university who wish to further their Islamic education. Many students currently benefit from such courses with the following choice of enrolment: Part-time Ãlimiyyah Course, Advanced Islamic Education, Hifz for Adults, Revision of Hifz, Beginners Qur'aan Class and Tajweed. All adult learning classes were suspended throughout the year.
Page 5 of 17
ISLAMIC DA’AWAH ACADEMY
120 MELBOURNE ROAD LEICESTER
Trustees’ Annual Report
Academic Events: Prize giving and completion ceremonies of the above-mentioned educational institutes are held every year. They are public events and provide students the opportunity to demonstrate their achievements and allow the public to stay informed about the IDA’s educational activities. Due to the pandemic no award ceremonies took place during the year.
There were forty-seven members of staff engaged in delivering the educational activities described above.
SPIRITUAL, RELIGIOUS & MORAL DEVELOPMENT
Tazkiyah & Tarbiyah (Spiritual) Programmes: The IDA normally hosts regular programmes dedicated to spiritual awareness and reformation throughout the year, as Islam advocates its followers to achieve purity of the heart as well as purity of external actions and behaviour. The weekly and monthly programmes also generally cover areas under the headings of beliefs, worships, social interaction, dealings, morals and values, along with the need for spiritual rectification, to enable people to become better Muslims and in turn better citizens. The programmes cater for people of all ages, male and female, in the Urdu and English languages and were delivered via online mediums due to COVID-19 restrictions.
PUBLICATIONS & RESOURCES
Publications Department: Informative and inspirational literature is published from time-to-time in order to further the IDA’s objectives. These take the form of books, booklets and leaflets which cover a wide range of topics including contemporary issues impacting the lives of Muslims today. Three new titles were added to the publications portfolio during the year for the benefit of those wishing to further their Islamic knowledge.
IDA Website: The prime objective of the IDA’s website is to help people stay connected with the activities of the IDA, as well as up-to-date news on the latest IDA events and services. The site also offers live streaming of programmes, audio lectures and a range of Islamic resources by the IDA publications. Visitors can also subscribe to the mailing list to receive regular educational and informative bulletins from the IDA. The IDA website was the primary source of dissemination of lectures for the benefit of all throughout the lockdown period.
FINANCIAL REVIEW
Source of Funding
At the end of the financial period the financial position of the IDA comprised of: Endowment funds of £6.7m; unrestricted funds of £2.8m; and Restricted funds of £1.7m. Total funds equalled £11.2m representing an increase of circa 2.4% compared to the previous period. Excluding one-off endowment donations, the main source of income continues to be the restricted funds being fees from students, accounting for circa 39% of total income.
The IDA’s primary source of unrestricted funding income is through regular donations from the public, representing 20% of total income. Donations were received throughout the year in person and through standing orders. Collections boxes are placed in the main building and a collections desk is set up during busy periods of the year, such as the blessed month of Ramadhan. Due to COVID-19 a higher level of online donations were received.
Reserves Policy
The IDA aims to maintain reserve funds to cover approximately four months of future operating expenses. Based on this policy the reserves of circa £200,000 were held during the financial period. The remainder of the balance has been designated for significant capital expenditure projects as outlined below under future plans.
Fundraising approach taken by the charity
By the Grace of Allah, the strong reputation and standing of the IDA continues to be the predominant factor for ongoing public support without undertaking any specific fund-raising campaigns, in relation to general donations. Regarding disaster appeals, regular announcements are made after the daily prayers during campaigns.
Page 6 of 17
ISLAMIC DA’AWAH ACADEMY
120 MELBOURNE ROAD
LEICESTER
Trustees’ Annual Report
Future plans
An extensive re-development programme for the boarding facilities and the redevelopment of the Al Khayr site are the main capital projects. The boarding facilities development has been prioritised in the short term for which planning permission is being sought. The trustees remain committed to the following significant capital expenditure projects in the short to medium term:
-
Extension and refurbishment of student accommodation across 3 phases: toilet and shower block; boarding facilities; and kitchen renovation (approx. £2.5m)
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Al Khayr redevelopment
-
Wilson street property conversion
Page 7 of 17
ISLAMIC DA’AWAH ACADEMY
120 MELBOURNE ROAD
LEICESTER
Statement of Trustees' Responsibilities
The trustees are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements, and
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prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Statement of Disclosure to auditors
So far as the trustees are aware, there is no relevant audit information of which the company's auditors are unaware. Additionally, the trustees have taken all the necessary steps that they ought to have taken as trustees in order to make themselves aware of all relevant audit information and to establish that the company's auditors are aware of that information.
Approval
Approved by the trustees on 13[th] January 2022 and signed on their behalf by:
A Sidat Trustee 13[th] January 2022
Page 8 of 17
ISLAMIC DA’AWAH ACADEMY
120 MELBOURNE ROAD
LEICESTER
Auditors Report to the Trustees of the Islamic Da’awah Academy
Report of the independent auditors to the Trustees of the Islamic Da’awah Academy
We have audited the financial statements of the Islamic Da’awah Academy for the year ended 31 March 2021 which comprise of the Statement of Financial Activities, Balance Sheet, Statement of Cash Flows and the related notes.
The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), in particular FRS102 (effective 1 January 2015). This report is made solely to the charity’s Trustees, as a body, in accordance with section 144 of the Charities Act 2011 and the regulations made under section 154 of that Act. Our audit work has been undertaken so that we might state to the charity’s Trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity’s Trustees as a body, for our audit work, for this report, or for the opinions we have formed.
Respective Responsibilities of Trustees and Auditors
As explained more fully in the Statement of Trustees' Responsibilities, the Trustees are responsible for the preparation of financial statements which give a true and fair view. We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with regulations made under section 154 of that Act. Our responsibility is to audit and express an opinion on the financial statements in accordance with applicable law and International Standards on Auditing (UK and Ireland). Those standards require us to comply with the Auditing Practices Board’s (APB’s) Ethical Standards for Auditors.
Scope of the audit of the financial statements
An audit involves obtaining evidence about the amounts and disclosures in the financial statements sufficient to give reasonable assurance that the financial statements are free from material misstatement, whether caused by fraud or error. This includes an assessment of whether the accounting policies are appropriate to the charity’s circumstances, and have been consistently applied and adequately disclosed, the reasonableness of significant accounting estimates made by the trustees, and the overall presentation of the financial statements. In addition, we read all the financial and non-financial information in the Annual Report to identify material inconsistencies with the audited financial statements. If we become aware of any apparent material misstatements or inconsistencies, we consider the implications for our report.
Opinion on financial statements
In our opinion the financial statements:
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give a true and fair view of the state of the charity's affairs as at 31 March 2021, and of its incoming resources and application of resources, for the year then ended;
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have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
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have been prepared in accordance with the requirements of the Charities Act 2011.
Page 9 of 17
ISLAMIC DA’AWAH ACADEMY
120 MELBOURNE ROAD
LEICESTER
Auditors Report to the Trustees of the Islamic Da’awah Academy
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters where the Charities Act 2011 requires us to report to you if, in our opinion:
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the information given in the Trustees’ Annual Report is inconsistent in any material respect with the financial statements;
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sufficient accounting records have not been kept;
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the financial statements are not in agreement with the accounting records and returns; or
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We have not received all the information and explanations we require for our audit.
Signed: Nasir Laher
Date: 13[th] January 2022
Accountancy Management Services SBU Ltd
455 Whalley New Road
Blackburn
BB1 9SP
Page 10 of 17
ISLAMIC DA’AWAH ACADEMY
120 MELBOURNE ROAD
LEICESTER
Statement of Financial Activities (including Income and Expenditure account) For the Year ended 31[st] March 2021
| Note Income from: Income from Donations and Legacies Voluntary income 2 Disaster appeal 2 2 Tax refunds Income from charitable activities Fees from students Publications Income from other trading activities Bookshop income Investment income 3 Other income Total Income Expenditure on: Expenditure on raising funds Shop expenditure 4 Expenditure on charitable activities Cost of activities in furtherance of the Charity's objects Publication costs Student costs 5 Running costs and maintenance of Academy 5 Support costs of charitable activities 5 Management and administration expenditure 5 Depreciation Donation to disaster appeals Total Expenditure Other unrealised gains & (losses) 14 Net Income Fund Balances brought forward Transfer between funds 15 Fund Balances carried forward |
Unrestricted Restricted Endowment Funds Funds Funds £ £ £ 234,046 25,272 194,272 - 163,685 - 234,046 188,957 194,272 14,885 - - - 463,531 - 30,810 - - 22,164 - - 38,034 - - - 2,799 - 339,939 655,287 194,272 21,344 - - 21,344 - - 24,920 - - - 395,386 - 42,928 - - - - - 84,099 - - 8,049 2,586 141,697 - 201,723 - 159,996 599,696 141,697 181,340 599,696 141,697 - - (61) 158,600 55,591 52,513 2,664,510 1,639,913 6,647,715 25,000 (25,000) 2,848,110 1,670,504 6,700,228 |
Totals Totals 2021 2020 £ £ 453,590 683,223 163,685 106,375 |
|---|---|---|
| 617,275 789,598 14,885 14,480 463,531 612,526 30,810 88,883 22,164 58,052 38,034 28,201 2,799 5,335 |
||
| 1,189,498 1,597,076 |
||
| 21,344 52,847 |
||
| 21,344 52,847 |
||
| 24,920 63,211 395,386 414,692 42,928 73,042 - 13,753 84,099 71,493 152,333 150,244 201,723 68,007 |
||
| 901,389 854,440 |
||
| 922,733 907,288 |
||
| (61) 31 |
||
| 266,704 689,819 |
||
| 10,952,139 10,262,319 - - |
||
| 11,218,842 10,952,139 |
A Statement of Total Recognised Gains and Losses is not required as all gains and losses are included in the Statement of Financial Activities. The accompanying notes on pages 14 to 17 form part of these financial statements.
Page 11 of 17
ISLAMIC DA’AWAH ACADEMY
120 MELBOURNE ROAD
LEICESTER
Balance Sheet as at 31[st] March 2021
| Note Fixed Assets: Tangible Fixed Assets 8 Investments 9 Current Assets: Stock and Work in Progress 10 Debtors 11 Cash at Bank and in Hand 12 Creditors: Amounts falling due within one year 13 Net Current Assets/(Liabilities) Total Assets less Current Liabilities Net Assets Funds: Endowment funds Restricted funds Unrestricted funds General reserves Revaluation reserve Total Funds |
Unrestricted Restricted Endowment Funds Funds Funds £ £ £ 313,767 14,655 6,125,141 731,162 - - 1,044,929 14,655 6,125,141 28,527 - - - 71,322 - 1,778,247 1,662,583 575,086 1,806,773 1,733,905 575,086 3,593 78,055 - 1,803,181 1,655,850 575,086 2,848,110 1,670,504 6,700,229 2,848,110 1,670,504 6,700,229 - - 6,700,228 - 1,670,504 - 2,526,267 - - 321,843 - - 2,848,110 1,670,504 6,700,228 |
Totals Totals 2021 2020 £ £ 6,453,564 6,455,896 731,162 731,162 |
|---|---|---|
| 7,184,726 7,187,058 28,526 25,568 71,322 27,710 4,015,917 3,781,323 |
||
| 4,115,764 3,834,601 81,648 69,521 |
||
| 4,034,117 3,765,081 |
||
| 11,218,842 10,952,139 |
||
| 11,218,842 10,952,139 |
||
| 6,700,228 6,647,715 1,670,504 1,639,913 2,526,267 2,342,667 321,843 321,843 |
||
| 11,218,842 10,952,139 |
Approved by the Trustees and signed on their behalf by
A Sidat Trustee
Date 13[th] January 2022
Page 12 of 17
ISLAMIC DA’AWAH ACADEMY
120 MELBOURNE ROAD
LEICESTER
Statement of Cash Flows for the Year ended 31[st] March 2021
| Note Cash flows from operating activities: Net cash provided by operating activities (a) Cash flows from investing activities: Income from investments Purchase of land, property, plant and equipment Investments (Purchases / Improvements) Net Cash provided by (used in) investing activities Cash flows from financing activities: Repayment of borrowings Effect of exchange rate fluctuations on cash held Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting period Notes to the Statement of Cash flows a) Reconciliation of net income/(expenditure) to net cash flow from operating activities Net income for the reporting period (before exchange rate movements) Depreciation charges Income from investments (Increase)/decrease in stocks (Increase)/decrease in debtors Increase/(decrease) in creditors Endowment donation Net cash provided by operating activities |
Totals Totals 2021 2020 £ £ 196,621 619,909 38,034 28,201 - (315,726) - (26,162) - (15,000) (61) 31 234,593 291,255 3,781,323 3,490,069 4,015,917 3,781,323 266,765 689,788 152,333 150,244 (38,034) (28,201) (2,958) 17,422 (43,612) (6,151) 12,127 (23,192) (150,000) (180,000) |
|---|---|
| 196,621 619,909 |
Page 13 of 17
ISLAMIC DA’AWAH ACADEMY
120 MELBOURNE ROAD
LEICESTER
Notes to the Financial Statements
1. Accounting Policies
(a) Basis of preparation
These financial statements have been prepared under the historical cost convention and in accordance with applicable accounting standards. The financial statements have been prepared in accordance with the statement of recommended practice (SORP), "Accounting and reporting by charities, Statement of Recommended Practice applicable to charities preparing the accounts in accordance with the financial reporting standard applicable in the UK and Republic of Ireland (FRS102) and as updated by Update Bulletin 1 (February 2016).
(b) Fund accounting General funds are unrestricted funds which are available for use at the discretion of the Trustees for the furtherance of the general objectives of the charity and have not been put aside for other purposes. Restricted funds are funds which are to be used in accordance with specific restrictions, which have been raised by the charity for a specific purpose. The cost of raising and administering such funds are charged against the specific fund.
Endowment funds are funds where there is no power to convert the capital into income. This is known as a permanent endowment fund. A permanent endowment fund must normally be held indefinitely. Where Trustees have the power to convert endowment funds into income, such funds are known as expendable endowments. A gift of an expendable endowment provides the Trustees with the power to convert all or part of it into income. (c) Investment income Income from investments and from rental income is included in the Statement of Financial Activities in the year in which it is receivable. (d) Incoming resources All incoming resources are included in the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. Gifts in kind donated for distribution are included at valuation and recognised as income when they are distributed under the various projects. For legacies, entitlement is the earlier of the charity being notified of an impending distribution of the legacy being received. Donated facilities are included at a value to the charity when this can be quantified and a third party is bearing the cost.
(e) Resources expended All expenditure is accounted for an accruals basis and has been classified under the heading that aggregates all costs relating to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on the basis consistent with the use of resources. (f) Tangible Fixed Assets Tangible fixed assets costing more than £ 1,000 are capitalised and included at cost including incidental expenses of acquisition. (g) Depreciation Depreciation is calculated on all tangible fixed assets at rates calculated so as to write off the cost of the asset less its estimated residual value over the useful economic life of that asset as follows: Freehold Land 2% per annum on a straight line method Freehold Buildings 2% per annum on a straight line method Fixtures & Equipment 15% per annum on a reducing balance (h) Investment revaluation Fixed asset investments are revalued at the market value as at the Balance Sheet date based on independent valuations from an external valuer. (i) Stock Stock consists of purchased goods for resale. Stock is valued at the lower of cost and net realisable value. Items donated for resale or distribution are not included in the financial statements until they are sold or distributed. (j) Accrued and Deferred Income Accrued and Deferred Income represents the difference between course fees received from students up to the financial year end, and the amount of student fee income recognised in the Statement of Financial Activities on a pro rata basis across the academic period the fees relate to.
Page 14 of 17
ISLAMIC DA’AWAH ACADEMY
120 MELBOURNE ROAD
LEICESTER
Notes to the Financial Statements
| 2. Donations & gifts Individuals Corporate Donors 3. Investment income Income from rental properties 4. Cost of generating funds Shop - Purchases for Resale 5. Cost of activities in furtherance of the charity objects Student costs: Teaching staff Food & Board Education costs Light & Heat Rates & Insurance Telephone costs Other costs Repairs & Maintenance Running costs and maintenance of Academy: Light & Heat Rates & Insurance Telephone & Stationary Repairs & Maintenance Cleaning & Sundries Support costs of charitable activities: Running costs Management and administration expenditure: Wages |
2021 2020 £ £ 559,531 715,482 57,745 74,117 |
|---|---|
| 617,275 789,598 |
|
| 2021 2020 £ £ 38,034 28,201 |
|
| 38,034 28,201 |
|
| 2021 2020 £ £ 21,344 52,847 |
|
| 21,344 52,847 |
|
| 2021 2020 £ £ 309,542 293,814 21,079 37,862 145 3,109 41,459 46,313 7,443 15,818 1,381 1,301 6,586 10,773 7,749 5,702 |
|
| 395,386 414,692 |
|
| 2021 2020 £ £ 18,926 31,402 12,920 10,718 1,430 4,920 6,334 16,529 3,317 9,473 |
|
| 42,928 73,042 |
|
| 2021 2020 £ £ - 13,753 |
|
| - 13,753 |
|
| 2021 2020 £ £ 84,099 71,493 |
|
| 84,099 71,493 |
Page 15 of 17
ISLAMIC DA’AWAH ACADEMY
120 MELBOURNE ROAD
LEICESTER
Notes to the Financial Statements
5. Cost of activities in furtherance of the charity objects continued
6. Trustees remuneration
7. Staff costs
8. Tangible fixed assets
| Analysis of Management and administration expenditure: Education Publications Finance 6,488 - Admin 28,877 21,547 HR 6,862 270 PR 2,236 - Total 44,462 21,817 Note: Allocation based on time spent The amount of remuneration or other benefits paid to a Trustee of the charity were as follows: Ayaz Sidat Wages & Salaries Social Security Costs Average number of employees: Teaching staff Administration staff Cost As at 1st April 2020 Additions in the year As at 31st March 2021 Depreciation As at 1st April 2020 Charge for the year As at 31st March 2021 Net Book Value As at 31st March 2021 As at 1st April 2020 |
Analysis of Management and administration expenditure: Education Publications Finance 6,488 - Admin 28,877 21,547 HR 6,862 270 PR 2,236 - Total 44,462 21,817 Note: Allocation based on time spent The amount of remuneration or other benefits paid to a Trustee of the charity were as follows: Ayaz Sidat Wages & Salaries Social Security Costs Average number of employees: Teaching staff Administration staff Cost As at 1st April 2020 Additions in the year As at 31st March 2021 Depreciation As at 1st April 2020 Charge for the year As at 31st March 2021 Net Book Value As at 31st March 2021 As at 1st April 2020 |
Religious Services - 12,862 1,348 3,609 |
2021 £ 6,488 63,286 8,480 5,845 |
2020 £ 5,601 49,804 11,293 4,794 |
|
|---|---|---|---|---|---|
| 44,462 21,817 |
17,820 | 84,099 |
71,493 | ||
| Land & Property £ 7,250,598 150,000 |
2021 £ 11,444 |
2020 £ 10,803 |
|||
| 11,444 | 10,803 | ||||
| 2021 £ 387,563 6,079 |
2020 £ 360,753 4,554 |
||||
| 393,641 | 365,307 | ||||
| 47 6 |
45 6 |
||||
| Fixtures & Equipment £ 131,778 - |
Total £ 7,382,376 150,000 7,532,376 926,480 152,333 1,078,813 6,453,564 6,455,896 |
||||
| 7,400,598 824,348 147,886 |
131,778 102,132 4,447 |
||||
| 972,234 6,428,364 |
106,579 25,199 |
||||
| 6,426,250 | 29,646 |
Page 16 of 17
ISLAMIC DA’AWAH ACADEMY
120 MELBOURNE ROAD
LEICESTER
Notes to the Financial Statements
9. Fixed Asset Investments
| 9. Fixed Asset Investments | 2021 | 2020 | ||
| £ | £ | |||
| Market value at the start of the period | 731,162 | 705,000 | ||
| Additions in the year | - | 26,162 | ||
| Revaluation | - | - | ||
| Market value at the end of the period | 731,162 | 731,162 | ||
| Breakdown of the market value of investments shown in the balance sheet | and | |||
| the income from them | ||||
| Market Value | Investment | income | ||
| 2021 | 2020 | 2021 | 2020 | |
| £ | £ | £ | £ | |
| Investment properties | 731,162 | 731,162 | 38,034 | 28,201 |
| 10. Stock and Work in Progress | 2021 | 2020 | ||
| £ | £ | |||
| Books for resale | 28,526 | 25,568 | ||
| 11. Debtors | 2021 | 2020 | ||
| £ | £ | |||
| Accrued income | 71,322 | 27,710 | ||
| 71,322 | 27,710 | |||
| 12. Cash at Bank and in Hand | 2021 | 2020 | ||
| £ | £ | |||
| Cash at Bank | 3,999,072 | 3,763,218 | ||
| Cash in Hand | 16,845 | 18,105 | ||
| 4,015,917 | 3,781,323 | |||
| 13. Creditors: amounts falling due within one year | 2021 | 2020 | ||
| £ | £ | |||
| Deferred Income | 58,139 | 44,093 | ||
| Other creditors | 23,509 | 25,428 | ||
| 81,648 | 69,521 | |||
| 14. Other unrealised gains & (losses) | 2021 | 2020 | ||
| £ | £ | |||
| Revaluation of foreign currency balances | (61) | 31 | ||
| (61) | 31 | |||
| 15. Transfer between funds | 2021 | 2020 | ||
| £ | £ | |||
| Bank balance | 25,000 | - | ||
| 25,000 | - |
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