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2022-03-31-accounts

ISLAMIC DA’AWAH ACADEMY

120 MELBOURNE ROAD LEICESTER

Charity Registration No: 1065175

Financial statements: Year ended 31/03/2022

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 constituted as a charitable trust, governed by a Trust Deed, and is registered with the Charity Commission under charity number 1065175.

Organisational Structure

The trustees are responsible for the general control and management of the charity. The trustees give their time freely and receive no remuneration or other financial benefits to fulfil this role. The trustees meet on a quarterly basis and are responsible for all decisions taken 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 set up for academic, finance, construction & maintenance functions.

Recruitment, Appointment and Training of Trustees

The current trustees are responsible for the appointment of new trustees. New trustees are brought into the organisation, when required, on the basis of eligibility, competence, specialist knowledge and skills. It is the policy of the Islamic Da’awah Academy that each trustee during induction is given a copy of the trust deed, the latest audited accounts, recent meeting minutes and guidance regarding the policies and procedures adopted by our charity.

Risk Management

Risks are assessed, identified, managed and constantly reviewed. A set of policies and procedures are developed to manage risks, which form the internal controls framework. The policies are set by the management team and authorised by trustees with implementation delegated to the management team. 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:

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

The IDA carries out a wide range of activities in pursuing 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.

RELIGIOUS SERVICES

Daily Prayers: The prayer facilities although primarily for students of the IDA, are open to the public for the five daily prayers, Friday prayers and the two Eid Prayers.

Nikah: A free service for couples who wish to perform Nikah (the Islamic marriage ceremony) is also provided at the IDA. 58 Nikah ceremonies were performed during the year.

Zakah, Sadaqah (Charitable giving) & Relief Effort: The IDA continues to support numerous relief projects for the benefit of all communities. It is the duty of every Muslim to assist those in need, regardless of their faith. During the year a number of appeals were made to assist the plight of those affected across the globe. During the year £315k was distributed towards a number of projects, predominantly in provision of food packs, which accounted for 60% of total funds distributed. In addition funds were deployed in projects relating to provision of sheltered homes, medical aid, hygiene kits and income generation projects, where people in need are encouraged to start their own businesses in order to become independent and self-sufficient. Income generation projects consisted of providing cycle rickshaws, sewing machines, baby goats & chickens and carts with livestock.

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.

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.

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. This year only the Hifz for Adults and Revision of Hifz course were made available.

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.

There were forty-eight 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 commenced after the lifting of Covid 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. Six 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 objectives of the IDA website is to help people stay connected with the activities of the IDA, as well as provide 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 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 £6.4m; unrestricted funds of £3.2m; and Restricted funds of £1.8m. Total funds equalled £11.5m representing an increase of circa 2.5% compared to the previous period. The main source of income continues to be the restricted funds being fees from students, accounting for circa 44% of total income.

The IDA’s primary source of unrestricted funding income is through regular donations from the public, representing 17% 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.

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 £250,000 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.

Page 6 of 17

ISLAMIC DA’AWAH ACADEMY

120 MELBOURNE ROAD

LEICESTER

Trustees’ Annual Report

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.

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 plans were submitted to local council on 5[th] May 2021. However, the application was withdrawn on 5[th] August 2021 due to the emergence of new requirements requiring a revision to the plans. The trustees remain committed to the following significant capital expenditure projects in the short to medium term:

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:

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 11 January 2023 and signed on their behalf by:

A Sidat Trustee

11 January 2023

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 2022 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:

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:

Signed: Nasir Laher

Date: 11 January 2023

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 2022

Note
Income from:
Income from Donations and Legacies
Voluntary income
Disaster appeal
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
Net gains on investments
9
Realised gains & (losses)
14
Other unrealised gains & (losses)
15
Net Income
Fund Balances brought forward
Transfer between funds
16
Disposal of Endowment asset
17
Fund Balances carried forward		 Unrestricted
Restricted
Endowment
Funds
Funds
Funds
£
£
£
231,234
25,540
30,586
-
317,343
-
231,234
342,883
30,586
28,972
-
-
-
602,212
-
40,704
-
-
32,526
-
-
56,009
-
-
-
6,673
-
389,445
951,768
30,586
31,595
-
-
31,595
-
-
18,673
-
-
-
452,508
-
74,933
-
-
5,305
-
-
75,072
-
-
7,646
11,733
138,315
-
315,500
-
181,630
779,742
138,315
213,225
779,742
138,315
215,138
-
-
-
- 4
-
- 9
391,357
172,027
(107,715)
2,848,110
1,670,504
6,700,228
14,326
(25,000)
10,674
(172,800)
3,253,793
1,817,531
6,430,387		 Totals
Totals
2022
2021
£
£
287,360
453,590
317,343
163,685
604,703
617,275
28,972
14,885
602,212
463,531
40,704
30,810
32,526
22,164
56,009
38,034
6,673
2,799
1,371,799
1,189,498
31,595
21,344
31,595
21,344
18,673
24,920
452,508
395,386
74,933
42,928
5,305
-
75,072
84,099
157,694
152,333
315,500
201,723
1,099,686
901,389
1,131,282
922,733
215,138
-
4
-
9
(61)
455,669
266,704
11,218,842
10,952,139
-
-
(172,800)
11,501,711
11,218,842

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 2022

Unrestricted Restricted Endowment Totals Totals
Note Funds Funds Funds 2022 2021
£ £ £ £ £
Fixed Assets:
Tangible Fixed Assets 8 306,121 66,489 5,824,882 6,197,492 6,453,564
Investments 9 1,109,366 - - 1,109,366 731,162
1,415,487 66,489 5,824,882 7,306,858 7,184,726
Current Assets:
Stock and Work in Progress 10 31,005 - - 31,005 28,526
Debtors 11 - 26,580 - 26,580 71,322
Cash at Bank and in Hand 12 1,811,053 1,792,571 605,504 4,209,128 4,015,917
1,842,058 1,819,152 605,504 4,266,714 4,115,764
Creditors:
Amounts falling due within one year 13 3,752 68,109 - 71,861 81,648
Net Current Assets/(Liabilities) 1,838,306 1,751,043 605,504 4,194,853 4,034,116
Total Assets less Current Liabilities 3,253,793 1,817,531 6,430,387 11,501,711 11,218,842
Net Assets 3,253,793 1,817,531 6,430,387 11,501,711 11,218,842
Funds:
Endowment funds - - 6,430,387 6,430,387 6,700,228
Restricted funds - 1,817,531 - 1,817,531 1,670,504
Unrestricted funds
General reserves 2,716,812 - - 2,716,812 2,526,267
Revaluation reserve 536,981 - - 536,981 321,843
Total Funds 3,253,793 1,817,531 6,430,387 11,501,711 11,218,842

Approved by the Trustees and signed on their behalf by

A Sidat Date : 11 January 2023 Trustee

Page 12 of 17

ISLAMIC DA’AWAH ACADEMY

120 MELBOURNE ROAD

LEICESTER

Statement of Cash Flows for the Year ended 31[st] March 2022

Note
Cash flows from operating activities:
Net cash provided by operating activities
(a)
Cash flows from investing activities:
Income from investments
Purchase of tangible fixed assets
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
(Gains)/losses on investments
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
2022
2021
£
£
374,678
196,621
56,009
38,034
(74,423)
-
(163,066)
-
-
-
13
(61)
193,212
234,593
4,015,917
3,781,323
4,209,128
4,015,917
455,656
266,765
157,694
152,333
(215,138)
-
(56,009)
(38,034)
(2,480)
(2,958)
44,741
(43,612)
(9,786)
12,127
-
(150,000)
374,678
196,621

Page 13 of 17

ISLAMIC DA’AWAH ACADEMY

120 MELBOURNE ROAD

LEICESTER

Notes to the Financial Statements

1. Accounting Policies

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).

(a) Basis of preparation 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

Notes to the Financial Statements
2022 2021
£ £
Individuals 578,227 559,531
Corporate Donors 26,476 57,745
604,703 617,275
2022 2021
£ £
Income from rental properties 56,009 38,034
56,009 38,034
2022 2021
£ £
Shop - Purchases for Resale 31,595 21,344
31,595 21,344
rity objects 2022 2021
£ £
Student costs:
Teaching staff 330,407 309,542
Food & Board 44,029 21,079
Education costs 646 145
Light & 40,009 41,459
Heat
Rates & Insurance 18,556 7,443
Telephone costs 1,747 1,381
Other costs 8,626 6,586
Repairs & Maintenance 8,488 7,749
452,508 395,386
2022 2021
£ £
Running costs and maintenance of Academy:
Light & Heat 29,057 18,926
Rates & Insurance 17,350 12,920
Telephone & Stationary 2,514 1,430
Repairs & Maintenance 16,684 6,334
Cleaning & Sundries 9,328 3,317
74,933 42,928
2022 2021
£ £
Support costs of charitable activities:
Running costs 5,305 -
5,305 -
2022 2021
£ £
Management and administration expenditure:
Wages 75,072 84,099
75,072 84,099

3. Investment income

4. Cost of generating funds

5. Cost of activities in furtherance of the charity objects

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
6,692
-
Admin
18,785
22,588
HR
6,930
274
PR
2,201
-
Total
34,608
22,863
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 2021
Additions in the year
Disposals in the year
As at 31st March 2022
Depreciation
As at 1st April 2021
Charge for the year
Disposals
As at 31st March 2022
Net Book Value
As at 31st March 2022
As at 1st April 2021		 Analysis of Management and administration
expenditure:
Education
Publications
Finance
6,692
-
Admin
18,785
22,588
HR
6,930
274
PR
2,201
-
Total
34,608
22,863
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 2021
Additions in the year
Disposals in the year
As at 31st March 2022
Depreciation
As at 1st April 2021
Charge for the year
Disposals
As at 31st March 2022
Net Book Value
As at 31st March 2022
As at 1st April 2021
Religious
Services

-
12,640
1,372

3,589		 2022
2021
£
£

6,692
6,488
54,013
63,286
8,576
8,480
5,791
5,845
34,608
22,863		 17,602 75,072
84,099

Land
& Property
£
7,400,598
10,855
(180,000)		 2022
2021
£
£
11,569
11,444
11,569
11,444
2022
2021
£
£
399,939
387,563
5,540
6,079
405,479
393,641
48
47
7
6
Fixtures &
Total
Equipment
£
£
131,778
7,532,376
63,568
74,423
(180,000)
7,231,453
972,234
144,379
(7,200)		 195,346
7,426,799
106,579
1,078,813
13,315
157,694
(7,200)
1,109,413
6,122,040		 119,894
1,229,307
75,452
6,197,492
6,428,364 25,199
6,453,564

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 2022 2021
£ £
Market value at the start of the period 731,162 731,162
Additions in the year 163,066 -
Revaluation 215,138 -
Market value at the end of the period 1,109,366 731,162
Breakdown of the market value of investments shown in the balance sheet and
the income from them
Market Investment income
Value
2022 2021 2022 2021
£ £ £ £
Investment properties 1,109,366 731,162 56,009 38,034
10. Stock and Work in Progress 2022 2021
£ £
Books for resale 31,005 28,526
11. Debtors 2022 2021
£ £
Accrued income 26,580 71,322
26,580 71,322
12. Cash at Bank and in Hand 2022 2021
£ £
Cash at Bank 4,190,599 3,999,072
Cash in Hand 18,529 16,845
4,209,128 4,015,917
13. Creditors: amounts falling due within one year 2022 2021
£ £
Deferred Income 60,304 58,139
Other creditors 11,557 23,509
71,861 81,648
14. Realised gains & (losses) 2022 2021
£ £
Gain / (loss) on foreign currency 4 -
4 -
15. Other unrealised gains & (losses) 2022 2021
£ £
Revaluation of foreign currency balances 9 (61)
9 (61)
16. Transfer between funds 2022 2021
£ £
From Restricted to Unrestricted Funds 25,000 25,000
From Endowment to Unrestricted Funds 181 -
From Unrestricted to Endowment Funds 10,855 -
17. Disposal of Endowment asset Disposal of Endowment asset was made during the period after obtaining approval from the Charity
Commission.

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