OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2024-03-31-accounts

ISLAMIC DA’AWAH ACADEMY

120 MELBOURNE ROAD LEICESTER

Charity Registration No: 1065175

Financial statements: Year ended 31/03/2024

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:

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. 40 such ceremonies were performed during the current financial year.

Zakah, Sadaqah (Charitable giving) & Relief Effort: The IDA continues to support various 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 accommodation. 69% of the funds raised were spent on either construction of new homes or rebuilding old homes as well as tent sheltered homes. 19% of the funds raised was spent on food packs and the remainder on emergency relief.

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.

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 3 new publication were added to the publication's portfolio. We have also been producing an annual calendar and year planner which are very popular with users of our services.

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 £3.7m; and Restricted funds of £2.2m. Total funds equalled £12.2m representing an increase of circa 4.6% compared to the previous period. The main source of income continues to be the restricted funds being fees from students, accounting for circa 35% 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 and refurbishment has continued throughout the current year with shower and toilet block extension likely to commence in early 2025. 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 2022, the Charity (Accounts and Reports) 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 27 January 2025 and signed on their behalf by:

A Sidat Trustee 27 January 2025

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 2024 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 the Charities Act 2022 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 the Charities Act 2022 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 2022 requires us to report to you if, in our opinion:

Signed: Nasir Laher

Date: 27 January 2025

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 2024

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
Realised gains & (losses)
14
Net Income
Fund Balances brought forward
Transfer between funds
15
Disposal of Endowment asset
Fund Balances carried forward		 Unrestricted
Restricted
Endowment
Funds
Funds
Funds
£
£
£
292,456
24,104
35,365
-
545,496
-
292,456
569,600
35,365
57,704
-
-
-
638,992
-
78,270
-
-
66,461
-
-
65,831
-
-
-
4,115
100
560,722
1,212,707
35,465
58,819
-
-
58,819
-
-
44,020
-
-
-
579,037
-
114,444
-
-
2,828
-
-
101,763
-
-
6,967
8,477
138,315
-
214,644
-
270,022
802,159
138,315
328,840
802,159
138,315
-
-
-
231,882
410,549
(102,849)
3,491,018
1,852,487
6,321,432
25,000
(25,000)
-
-
-
-
3,747,900
2,238,036
6,218,583		 Totals
Totals
2024
2023
£
£
351,926
341,865
545,496
580,516
897,422
922,381
57,704
30,111
638,992
543,607
78,270
97,172
66,461
61,354
65,831
62,307
4,215
6,455
1,808,894
1,723,387
58,819
59,527
58,819
59,527
44,020
69,950
579,037
512,570
114,444
102,630
2,828
-
101,763
82,802
153,759
155,576
214,644
577,070
1,210,495
1,500,597
1,269,314
1,560,124
-
(36)
539,581
163,227
11,664,937
11,501,711
-
-
-
-
12,204,518
11,664,938

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 2024

Unrestricted Restricted Endowment Totals Totals
Note Funds Funds Funds 2024 2023
£ £ £ £ £
Fixed Assets:
Tangible Fixed Assets 8 291,867 48,039 5,548,253 5,888,158 6,041,917
Investments 9 1,109,366 - - 1,109,366 1,109,366
1,401,232 48,039 5,548,253 6,997,523 7,151,282
Current Assets:
Stock and Work in Progress 10 10,768 - - 10,768 21,975
Debtors 11 57,704 54,456 - 112,160 21,979
Cash at Bank and in Hand 12 2,282,753 2,194,390 670,329 5,147,472 4,559,737
2,351,225 2,248,846 670,329 5,270,400 4,603,691
Creditors:
Amounts falling due within one year 13 4,557 58,847 - 63,404 90,036
Net Current Assets/(Liabilities) 2,346,668 2,189,998 670,329 5,206,996 4,513,655
Total Assets less Current Liabilities 3,747,900 2,238,036 6,218,583 12,204,519 11,664,937
Net Assets 3,747,900 2,238,036 6,218,583 12,204,519 **11,664,937 **
Funds:
Endowment funds - - 6,218,583 6,218,583 6,321,432
Restricted funds - 2,238,036 - 2,238,036 1,852,487
Unrestricted funds
General reserves 3,426,056 - - 3,426,056 3,169,175
Revaluation
reserve 321,843 - - 321,843 321,843
Total Funds 3,747,900 2,238,036 6,218,583 12,204,519 11,664,937

Approved by the Trustees and signed on their behalf by

A Sidat Trustee Date: 27 January 2025

Page 12 of 17

ISLAMIC DA’AWAH ACADEMY

120 MELBOURNE ROAD

LEICESTER

Statement of Cash Flows for the Year ended 31[st] March 2024

Note
Cash flows from operating activities:
Net cash provided by operating activities
(a)
Cash flows from investing activities:
Income from investments
Net Cash provided by (used in) investing activities
Cash flows from financing activities:
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
Net cash provided by operating activities		 Totals
Totals
2024
2023
£
£
521,903
288,338
65,831
62,307
-
(36)
587,734
350,608
4,559,737
4,209,128
5,147,472
4,559,737
539,581
163,263
153,759
155,576
(65,831)
(62,307)
11,207
9,030
(90,181)
4,602
(26,631)
18,174
521,903
288,338

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

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		 2024
2023
£
£
865,078
852,651
32,344
69,730
897,422
922,381
2024
2023
£
£
65,831
62,307
65,831
62,307
2024
2023
£
£
58,819
59,527
58,819
59,527
2024
2023
£
£
379,623
367,116
49,017
57,251
2,441
3,545
62,923
43,235
12,018
12,528
1,804
1,943
14,585
3,784
56,628
23,168
579,037
512,570
2024
2023
£
£
54,996
42,597
24,446
19,275
4,302
2,220
11,952
16,725
18,749
21,813
114,444
102,630
2024
2023
£
£
2,828
-
2,828
-
2024
2023
£
£
101,763
82,802
101,763
82,802

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:
Religious
Education
Publications
Services
Finance
8,378
-
-
Admin
20,942
38,171
18,906
HR
7,797
293
1,466
PR
2,117
-
3,695
Total
39,234
38,464
24,066
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
Land
& Property
Cost
£
As at 1st April 2023
7,231,453
Additions in the year
-
Disposals in the year
-
As at 31st March 2024
7,231,453
Depreciation
As at 1st April 2023
1,253,670
Charge for the year
144,139
Disposals
As at 31st March 2024
1,397,809
Net Book Value
As at 31st March 2024
5,833,644
As at 1st April 2023
5,977,783		 Analysis of Management and administration
expenditure:
Religious
Education
Publications
Services
Finance
8,378
-
-
Admin
20,942
38,171
18,906
HR
7,797
293
1,466
PR
2,117
-
3,695
Total
39,234
38,464
24,066
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
Land
& Property
Cost
£
As at 1st April 2023
7,231,453
Additions in the year
-
Disposals in the year
-
As at 31st March 2024
7,231,453
Depreciation
As at 1st April 2023
1,253,670
Charge for the year
144,139
Disposals
As at 31st March 2024
1,397,809
Net Book Value
As at 31st March 2024
5,833,644
As at 1st April 2023
5,977,783		 Analysis of Management and administration
expenditure:
Religious
Education
Publications
Services
Finance
8,378
-
-
Admin
20,942
38,171
18,906
HR
7,797
293
1,466
PR
2,117
-
3,695
Total
39,234
38,464
24,066
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
Land
& Property
Cost
£
As at 1st April 2023
7,231,453
Additions in the year
-
Disposals in the year
-
As at 31st March 2024
7,231,453
Depreciation
As at 1st April 2023
1,253,670
Charge for the year
144,139
Disposals
As at 31st March 2024
1,397,809
Net Book Value
As at 31st March 2024
5,833,644
As at 1st April 2023
5,977,783		 2024
2023
£
£
8,378
6,471
78,018
60,832
9,556
9,428
5,811
6,071
39,234
38,464
24,066		 101,763
82,802
2024
2023
£
£
13,152
12,522
13,152
12,522
2024
2023
£
£
472,482
442,418
8,903
7,500
481,386
449,918
53
52
8
7
Fixtures &
Total
Equipment
£
£
195,346
7,426,799
- -
- -
7,231,453
1,253,670
144,139		 195,346
7,426,799
131,212
1,384,882
9,620
153,759
-
1,397,809
5,833,644		 140,832
1,538,641
54,514
5,888,158
5,977,783 64,134
6,041,917

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		 2024
2023
£
£
1,109,366
1,109,366
-
-
-
-
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
2024
2023
£
£
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. Transfer between funds
From Restricted to Unrestricted Funds
From Endowment to Unrestricted Funds
From Unrestricted to Endowment Funds		 Investment income
2024
2023
£
£
65,831
62,307
2024
2023
£
£
10,768
21,975
2024
2023
£
£
112,160
21,979
112,160
21,979
2024
2023
£
£
5,124,204
4,540,119
23,268
19,617
5,147,472
**4,559,737 **
2024
2023
£
£
46,275
74,969
17,129
15,067
63,404
90,036
2024
2023
£
£
-
(36)
-
(36)
2024
2023
£
£
25,000
25,000
-
-
-
-

Page 17 of 17