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← Islamic Da'awah Academy

2025-03-31-accounts

ISLAMIC DA’AWAH ACADEMY

120 MELBOURNE ROAD LEICESTER

Charity Registration No: 1065175

Financial statements: Year ended 31/03/2025

NAMS Accountant Ltd

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

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 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. 43 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 reported 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, leading to fulfilment of the needs of those affected.

Religious guidance Department: The department provides guidance and solutions to questions related 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 was established in 1993 to encourage local teenagers to continue their Islāmic studies beyond the age of 12 by attending the evening Madrassah after school. 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: Throughout the year, IDA hosts regular programmes dedicated to spiritual awareness and reformation, which cater for people of all ages, male and female, in the Urdu and English languages. Islam advocates its followers to achieve purity of the heart as well as purity of external actions and behaviour. The weekly, monthly and bi-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.

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 financial year 3 new publications were added to the publication's portfolio. An annual calendar and year planner continued to be produced, 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 £25.6m; unrestricted funds of £4.1m; and Restricted funds of £2.2m. Total funds equalled £32m representing a significant increase from £12.2m in the previous period, predominantly due to the revaluation of buildings.

The main sources of income were: donations from the public to unrestricted, restricted and endowment funds (29%); funds raised for disaster appeals (28%); and student fees (28%). Donations were collected throughout the year in person and through standing orders. Collections boxes and donation terminals 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, with periodic fund-raising campaigns. Regarding disaster appeals, announcements are made after the daily prayers during campaigns.

Future plans

An extensive re-development programme for the student boarding facilities and the redevelopment of the Al Khayr site are the main capital projects in the pipeline. The boarding facilities development is a 3-phase project. Phase 1 was due to commence in early 2025 but due to delay in the tender process, it is anticipated that work will commence before the end of 2025 and reach completion by August 2026.Thereafter phase 2 & 3 will be initiated.

Along with the above, 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 28th January 2026 and signed on their behalf by:

A Sidat Trustee 28th January 2026

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 2025 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: 28th January 2026

NAMS Accountants 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 2025

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 & maintenance
5
Support costs of charitable activities
5
Management and admin. expenditure
5
Depreciation
Donation to disaster appeals
Total Expenditure
Net gains on investments
9
Net Income
Fund Balances brought forward
Transfer between funds
14
Revaluation reserve
15
Fund Balances carried forward		 Unrestricted
Restricted
Endowment
Funds
Funds
Funds
£
£
£
259,120
66,489
257,975
-
557,720
-
259,120
624,209
257,975
50,182
- -
-
568,466
-
105,850
- -
72,641
- -
73,346
-
96
-
2,740
795
561,139
1,195,415
258,866
64,023
- -
64,023
- -
48,960
- -
- 638,671
-
123,853
- -
2,345
- -
105,182
- -
6,679
7,206
138,315
-
520,105
-
287,020
1,165,982
138,315
351,043
1,165,982
138,315
82,700
- -
292,796
29,433
120,552
3,747,899
2,238,036
6,218,583
25,000
(25,000)
-
70,317-
19,297,264
4,136,012
2,242,469
25,636,398		 Totals
Totals
2025
2024
£
£
583,584
351,926
557,720
545,496
1,141,304
897,422
50,182
57,704
568,466
638,992
105,850
78,270
72,641
66,461
73,442
65,831
3,535
4,215
2,015,420
1,808,894
64,023
58,819
64,023
58,819
48,960
44,020
638,671
579,037
123,853
114,444
2,345
2,828
105,182
101,763
152,199
153,759
520,105
214,644
1,591,316
1,210,495
1,655,340
1,269,314
82,700
-
442,780
539,581
12,204,518
11,664,937
- -
19,367,581
-
32,014,880
12,204,518

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 2025

Unrestricted Restricted Endowment Totals Totals
Note Funds Funds Funds 2025 2024
£ £ £ £ £
Fixed Assets:
Tangible Fixed Assets 8 355,504 40,833 24,707,202 25,103,539 5,888,158
Investments 9 1,378,572 - - 1,378,572 1,109,366
1,734,077 40,833 24,707,202 26,482,111 6,997,523
Current Assets:
Stock and Work in Progress 10 6,434 - - 6,434 10,768
Debtors 11 50,182 32,547 - 82,728 112,160
Cash at Bank and in Hand 12 2,352,835 2,199,027 929,195 5,481,057 5,147,472
2,409,452 2,231,574 929,195 5,570,220 5,270,400
Creditors:
Amounts falling due within one year 13 7,515 29,937 - 37,452 63,404
Net Current Assets/(Liabilities) 2,401,936 2,201,637 929,195 5,532,768 5,206,996
Total Assets less Current Liabilities 4,136,012 2,242,469 25,636,398 32,014,880 12,204,519
Net Assets 4,136,012 2,242,469 25,636,398 32,014,880 12,204,519
Funds:
Endowment funds - - - - 6,339,134 6,339,134 6,218,583
Restricted funds - 2,242,469 - 2,242,469 2,238,036
Unrestricted funds
General reserves 3,661,152 - - 3,661,152 3,426,056
Revaluation reserve 474,860 - 19,297,264 19,772,124 321,843
Total Funds 4,136,012 2,242,469 25,636,398 32,014,880 12,204,519

Approved by the Trustees and signed on their behalf by

A Sidat Trustee

Date: 28th January 2026

Page 12 of 17

ISLAMIC DA’AWAH ACADEMY

120 MELBOURNE ROAD

LEICESTER

Statement of Cash Flows for the Year ended 31[st] March 2025

Note
Cash flows from operating activities:
Net cash provided by operating activities
(a)
Cash flows from investing activities:
Income from investments
Investments (Purchases / Improvements)
Net Cash provided by (used in) investing activities
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
2025
2024
£
£
446,650
521,903
73,442
65,831
(186,507)
-
333,585
587,734
5,147,472
4,559,737
5,481,057
5,147,472
442,780
539,581
152,199
153,759
(82,700)
-
(73,442)
(65,831)
4,334
11,207
29,432
(90,181)
(25,953)
(26,631)
446,650
521,903

Page 13 of 17

ISLAMIC DA’AWAH ACADEMY

120 MELBOURNE ROAD

LEICESTER

Notes to the Financial Statements

1. Accounting Policies

(a) Basis of preparation

(b) Fund accounting

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).

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

(d) Incoming resources

(e) Resources expended

(f) Tangible Fixed Assets

(g) Depreciation

Income from investments and from rental income is included in the Statement of Financial Activities in the year in which it is receivable.

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.

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.

Tangible fixed assets costing more than £ 1,000 are capitalised and included at cost including incidental expenses of acquisition.

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

(i) Stock

(j) Accrued and Deferred Income

Fixed asset investments are revalued at the market value as at the Balance Sheet date based on independent valuations from an external valuer.

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.

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
Income from bank deposit
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:
Light & Heat
Rates & Insurance
Telephone & Stationary
Repairs & Maintenance
Cleaning & Sundries
Support costs of charitable activities:
Running costs
Management and admin. expenditure:
Wages		 2025
2024
£
£
1,070,527
865,078
70,777
32,344
1,141,304
897,422
2025
2024
£
£
73,346
65,831
96
-
73,442
65,831
2025
2024
£
£
64,023
58,819
64,023
58,819
2025
2024
£
£
439,751
379,623
61,051
49,017
2,836
2,441
53,718
62,923
16,842
12,018
2,108
1,804
13,361
14,585
49,005
56,628
638,671
579,037
2025
2024
£
£
64,622
54,996
21,585
24,446
8,024
4,302
11,466
11,952
18,156
18,749
123,853
114,444
2025
2024
£
£
2,345
2,828
2,345
2,828
2025
2024
£
£
105,182
101,763
105,182
101,763

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
4,618
-
Admin
17,231
41,093
HR
11,577
342
PR
2,533
0
Total
35,958
41,436
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 2024
Additions in the year
Revaluation
Disposals in the year
As at 31st March 2025
Depreciation
As at 1st April 2024
Charge for the year
Disposals
As at 31st March 2025
Net Book Value
As at 31st March 2025
As at 1st April 2024		 Analysis of Management and administration
expenditure:
Education
Publications
Finance
4,618
-
Admin
17,231
41,093
HR
11,577
342
PR
2,533
0
Total
35,958
41,436
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 2024
Additions in the year
Revaluation
Disposals in the year
As at 31st March 2025
Depreciation
As at 1st April 2024
Charge for the year
Disposals
As at 31st March 2025
Net Book Value
As at 31st March 2025
As at 1st April 2024		 Religious
Services
-
21,076
1,712
5,000		 2025
2024
£
£

4,618
8,378
79,400
78,018
13,632
9,556
7,533
5,811
35,958
41,436		 27,789 105,182
101,763
Land
& Property
£
7,231,453
-
19,367,581
-		 2025
2024
£
£
14,102
13,152
14,102
13,152
2025
2024
£
£
530,816
472,482
14,117
8,903
544,933
481,386
51
53
6
8
Fixtures &
Total
Equipment
£
£
195,346
7,426,799
- -
-
19,367,581
- -
26,599,034
1,397,809
144,022
-		 195,346
26,794,380
140,832
1,538,641
8,177
152,199
- -
1,541,832
**25,057,202 **		 149,009
1,690,841
46,337
25,103,539
5,833,644 54,514
5,888,158

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		 2025
2024
£
£
1,109,366
1,109,366
186,507
-
82,700
-
1,378,572
1,109,366

Breakdown of the market value of investments shown in the balance sheet and the income from them

Market Value
2025
2024
£
£
Investment properties
1,378,572
1,109,366
Books for resale
Accrued income
Cash at Bank
Cash in Hand
n one year
Deferred Income
Other creditors
From Restricted to Unrestricted Funds
From Endowment to Unrestricted Funds
From Unrestricted to Endowment Funds		 Investment income
2025
2024
£
£
73,346
65,831
2025
2024
£
£
6,434
10,768
2025
2024
£
£
82,728
112,160
82,728
112,160
2025
2024
£
£
5,462,577
5,124,204
18,481
23,268		 Investment income
2025
2024
£
£
73,346
65,831
2025
2024
£
£
6,434
10,768
2025
2024
£
£
82,728
112,160
82,728
112,160
2025
2024
£
£
5,462,577
5,124,204
18,481
23,268
82,728
2025
£
5,462,577
18,481
**5,481,057 ** 5,147,472
2025
£
28,263
9,189		 2024
£
46,275
17,129
**37,452 ** **63,404 **
2025
£
25,000
-
-		 2024
£
25,000
-
-

10. Stock and Work in Progress

11. Debtors

12. Cash at Bank and in Hand

13. Creditors: amounts falling due within one year

14. Transfer between funds

15. Revaluation

An external valuation of the land and buildings has been performed, and the carrying values have been adjusted in line with the valuation findings.

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