ISLAMIC DA’AWAH ACADEMY
120 MELBOURNE ROAD LEICESTER
Charity Registration No: 1065175
Financial statements: Year ended 31/03/2023
Accountancy Management Services Wesley Place, Wellington Road
Dewsbury
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 Wellington Road Dewsbury WF13 1HD
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 charity 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 existing 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:
-
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 & conduct and addressing areas of 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
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. 38 such ceremonies were performed during the current financial 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 financial year a number of appeals were made to assist the plight of those affected across the globe and these appeals were successful in raising awareness amongst the attendees. During the year donations made were distributed towards a number of projects, predominantly in provision of food packs and emergency aid kits, which accounted for 53% of total funds distributed. In addition, funds were deployed in projects relating to provision of sheltered homes, orphanage support, hygiene packs and medical supplies.
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 telephone.
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.
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.
-
The midyear examinations prize giving ceremony for the academic year 2022/23 took place on 21[st] October 2022.
-
The annual prize giving ceremony for the academic year 2022/23 took place on 18[th] March 2023.
-
The annual completion ceremony of Sahih-al-Bukhari, which marks the graduation of students from the Alimiyyah Course, for the academic year 2021/22, was held on 12[th] June 2022, and for the academic year 2022/23 was held on 25 February 2023. The honourable Shaykh Muhammad Saleem Dhorat hafizahullah imparted the final lesson of Sahih-al-Bukhari, the most authentic book of hadith.
There were fifty-two 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.
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. During the current financial year there wasn’t any new publication added to the publications portfolio. However, a number of booklets and leaflets were reprinted due to high demand.
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.
FINANCIAL REVIEW
Source of Funding
At the end of the financial period the financial position of the IDA comprised of: Endowment funds of £6.3m; unrestricted funds of £3.5m; and Restricted funds of £1.9m. Total funds equalled £11.7m representing an increase of circa 1.4% compared to the previous period. The main source of income continues to be the restricted funds being fees from students, accounting for circa 32% of total income.
The IDA’s primary source of unrestricted funding income is through regular donations from the public, representing 16% 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 remains a major priority in the short term for which plans were approved by the local council on 1[st] November 2023. 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)
-
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:
-
select suitable accounting policies and apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements, and
-
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 17 January 2024 and signed on their behalf by:
A Sidat Trustee 17 January 2024
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 2023 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:
-
give a true and fair view of the state of the charity's affairs as at 31 March 2023, 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:
-
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: 17[th] January 2024
Accountancy Management Services SBU Ltd
Wesley Place Wellington Road Dewsbury WF13 1HD
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 2023
| 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 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 Fund Balances carried forward |
Unrestricted Restricted Endowment Funds Funds Funds £ £ £ 283,478 28,992 29,396 - 580,516 - 283,478 609,508 29,396 30,111 - - - 543,607 - 97,172 - - 61,354 - - 62,307 - - - 6,455 - 534,422 1,159,570 29,396 59,527 - - 59,527 - - 69,950 - - - 512,570 - 102,630 - - - - - 82,802 - - 7,288 9,973 138,315 - 577,070 - 262,670 1,099,613 138,315 322,197 1,099,613 138,315 - - - - - (36) - - - 212,225 59,957 (108,955) 3,253,793 1,817,531 6,430,387 25,000 (25,000) - - - - 3,491,018 1,852,487 6,321,432 |
Totals Totals 2023 2022 £ £ 341,865 287,360 580,516 317,343 |
|---|---|---|
| 922,381 604,703 30,111 28,972 543,607 602,212 97,172 40,704 61,354 32,526 62,307 56,009 6,455 6,673 |
||
| 1,723,387 1,371,799 |
||
| 59,527 31,595 |
||
| 59,527 31,595 |
||
| 69,950 18,673 512,570 452,508 102,630 74,933 - 5,305 82,802 75,072 155,576 157,694 577,070 315,500 |
||
| 1,500,597 1,099,686 |
||
| 1,560,124 1,131,282 |
||
| - 215,138 (36) 4 - 9 |
||
| 163,227 455,669 |
||
| 11,501,711 11,218,842 - - - (172,800) |
||
| 11,664,938 11,501,711 |
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 2023
| 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 £ £ £ 298,834 56,516 5,686,567 1,109,366 - - 1,408,199 56,516 5,686,567 21,975 - - - 21,979 - 2,070,797 1,854,076 634,864 2,092,772 1,876,054 634,864 9,954 80,082 - 2,082,819 1,795,973 634,864 3,491,018 1,852,487 6,321,432 3,491,018 1,852,487 6,321,432 - - 6,321,432 - 1,852,487 - 3,169,175 - - 321,843 - - 3,491,018 1,852,487 6,321,432 |
Totals Totals 2023 2022 £ £ 6,041,917 6,197,492 1,109,366 1,109,366 |
|---|---|---|
| 7,151,282 7,306,858 21,975 31,005 21,979 26,580 4,559,737 4,209,128 |
||
| 4,603,691 4,266,714 90,036 71,861 |
||
| 4,513,655 4,194,853 |
||
| 11,664,937 11,501,711 |
||
| 11,664,937 11,501,711 |
||
| 6,321,432 6,430,387 1,852,487 1,817,531 3,169,175 2,716,812 321,843 536,981 |
||
| 11,664,937 11,501,711 |
Approved by the Trustees and signed on their behalf by
A Sidat Date 17 January 2024 Trustee
Page 12 of 17
ISLAMIC DA’AWAH ACADEMY
120 MELBOURNE ROAD
LEICESTER
Statement of Cash Flows for the Year ended 31[st] March 2023
| 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 Net cash provided by operating activities |
Totals Totals 2023 2022 £ £ 288,338 374,678 62,307 56,009 - (74,423) - (163,066) - - (36) 13 350,608 193,212 4,209,128 4,015,917 4,559,737 4,209,128 163,263 455,656 155,576 157,694 - (215,138) (62,307) (56,009) 9,030 (2,480) 4,602 44,741 18,174 (9,786) |
|---|---|
| 288,338 374,678 |
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 Income from rental properties Shop - Purchases for Resale he 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 |
2023 2022 £ £ 852,651 578,227 69,730 26,476 |
|---|---|
| 922,381 604,703 |
|
| 2023 2022 £ £ 62,307 56,009 |
|
| 62,307 56,009 |
|
| 2023 2022 £ £ 59,527 31,595 |
|
| 59,527 31,595 |
|
| 2023 2022 £ £ 367,116 330,407 57,251 44,029 3,545 646 43,235 40,009 12,528 18,556 1,943 1,747 3,784 8,626 23,168 8,488 |
|
| 512,570 452,508 |
|
| 2023 2022 £ £ 42,597 29,057 19,275 17,350 2,220 2,514 16,725 16,684 21,813 9,328 |
|
| 102,630 74,933 |
|
| 2023 2022 £ £ - 5,305 |
|
| - 5,305 |
|
| 2023 2022 £ £ 82,802 75,072 |
|
| 82,802 75,072 |
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
| Analysis of Management and | Analysis of Management and | administration | 2023 | 2022 | |
|---|---|---|---|---|---|
| expenditure: | Religious | £ | £ | ||
| Education | Publications | Services | |||
| Finance | 6,471 | - | - | 6,471 | 6,692 |
| Admin | 19,142 | 26,440 | 15,250 | 60,832 | 54,013 |
| HR | 7,589 | 307 | 1,533 | 9,428 | 8,576 |
| PR | 2,284 | 0 | 3,787 | 6,071 | 5,791 |
| Total | 35,486 | 26,746 | 20,569 | 82,802 | 75,072 |
Note: Allocation based on time spent
6. Trustees remuneration
7. Staff costs
8. Tangible fixed assets
| 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 2022 Additions in the year Disposals in the year As at 31st March 2023 Depreciation As at 1st April 2022 Charge for the year Disposals As at 31st March 2023 Net Book Value As at 31st March 2023 As at 1st April 2022 |
Land & Property £ 7,231,453 |
2023 2022 £ £ 12,522 11,569 |
|---|---|---|
| 12,522 11,569 |
||
| 2023 2022 £ £ 442,418 399,939 7,500 5,540 |
||
| 449,918 405,479 |
||
| 52 48 7 7 |
||
| Fixtures & Total Equipment £ £ 195,346 7,426,799 - - |
||
| 7,231,453 1,109,413 144,258 |
195,346 7,426,799 119,894 1,229,307 11,318 155,576 - |
|
| 1,253,670 5,977,783 |
131,212 1,384,882 64,134 6,041,917 |
|
| 6,122,040 | 75,452 6,197,492 |
Page 16 of 17
ISLAMIC DA’AWAH ACADEMY
120 MELBOURNE ROAD
LEICESTER
Notes to the Financial Statements
9. Fixed Asset Investments
| Market value at the start of the period Additions in the year Revaluation Market value at the end of the period |
2023 2022 £ £ 1,109,366 731,162 - 163,066 - 215,138 |
|---|---|
| 1,109,366 1,109,366 |
Breakdown of the market value of investments shown in the balance sheet and the income from them
| Market Value 2023 2022 £ £ Investment properties 1,109,366 1,109,366 10. Stock and Work in Progress Books for resale 11. Debtors Accrued income 12. Cash at Bank and in Hand Cash at Bank Cash in Hand 13. Creditors: amounts falling due within one year Deferred Income Other creditors 14. Realised gains & (losses) Gain / (loss) on foreign currency 15. Other unrealised gains & (losses) Revaluation of foreign currency balances 16. Transfer between funds From Restricted to Unrestricted Funds From Endowment to Unrestricted Funds From Unrestricted to Endowment Funds |
Investment income 2023 2022 £ £ 62,307 56,009 2023 2022 £ £ 21,975 31,005 2023 2022 £ £ 21,979 26,580 |
|---|---|
| 21,979 26,580 |
|
| 2023 2022 £ £ 4,540,119 4,190,599 19,617 18,529 |
|
| 4,559,737 4,209,128 |
|
| 2023 2022 £ £ 74,969 60,304 15,067 11,557 |
|
| 90,036 71,861 |
|
| 2023 2022 £ £ (36) 4 |
|
| (36) 4 |
|
| 2023 2022 £ £ - 9 |
|
| - 9 |
|
| 2023 2022 £ £ - 25,000 - 181 - 10,855 |
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