CHARITY REGISTRATION NUMBER: 1079528
Al Islah School Unaudited Financial Statements 31 August 2023
KAROLIA LIMITED
Chartered Certified Accountants Suite 28 Blackburn Enterprise Centre Furthergate Blackburn Lancashire BB1 3HQ
Al Islah School
Financial Statements
Year ended 31 August 2023
| Page | |
|---|---|
| Trustees' annual report | 1 |
| Independent examiner's report to the trustees | 4 |
| Statement of financial activities | 5 |
| Statement of financial position | 6 |
| Notes to the financial statements | 7 |
Al Islah School
Trustees' Annual Report
Year ended 31 August 2023
The trustees present their report and the unaudited financial statements of the charity for the year ended 31 August 2023.
Reference and administrative details
Registered charity name Al Islah School Charity registration number 1079528 Principal office 108 Audley Range Blackburn Lancashire BB1 1TF The trustees Mr M H Chotia (Resigned 20 February 2023) Mr G Gulam (Resigned 20 February 2023) Mr S Makda (Appointed 20 February 2023) Mr Y Patel (Appointed 20 February 2023) Mr M S Karolia (Resigned 20 February 2023) Mr M S Sidat (Appointed 20 February 2023)
Accountants Karolia Limited Chartered Certified Accountants Suite 28 Blackburn Enterprise Centre Furthergate Blackburn Lancashire BB1 3HQ
Structure, governance and management
The trustee named under 'Charity Information' have served during the year. Appointment of trustees is governed by the Trust Deed of the charity. The Board of Trustees is authorised to appoint new trustees to fill vacancies arising through resignation or death of an existing trustee and remove existing trustees.
Objectives and activities
The Charitable Trust is constituted by Trust Deed, and its objects are to provide education and training to children of 11 to 16 years old (up to G.C.S.E.), following the national curriculum and implementing good educational practices within the teachings of Islam which are open to all sections of the community.
1
Trustees' Annual Report (continued)
Al Islah School
Year ended 31 August 2023
Achievements and performance
Al Islah Girls' High School continues to provide a high-quality, comprehensive and meaningful education for all our students. We have once again achieved above national average results for gaining 5 or more GCSE's as each student has succeeded within the bounds of their abilities and all have chosen educational goals.
Our Summer 2023 results have once again been superb. All the Year 11 cohort who were entered for their GCSE's have achieved 5 GCSEs or more in all the EBacc subjects. The school was very proud to proclaim that we achieved a 100% pass rate, Grade 5 and above, for many of the subjects including Triple Science and Mathematics. This means that our Attainment 8 Score for this academic year is very high and above the national average. We hope to achieve a further set of fantastic results in this coming academic year.
The school has offered a broad and balanced curriculum, delivered by dedicated and committed teachers to students in an environment, whereby behaviour and personal development is linked to an Islamic ethos to develop the students' spiritual, moral, social and cultural aspects.
Ofsted have reported from our latest inspection that 'the leadership and management of Al Islah are firmly focused and committed. We have been graded a 'good' in this aspect and we are working towards a school which will provide an exceptional quality of education by significantly exceeding minimum requirements. Ofsted have said that 'our premises and accommodation are well maintained and the facilities are good' and we ensure parents are well informed about their child's progress with reports and parents' consultation evenings.
Strong governance, focus on meeting legal, policy and regulation requirements and with a continuous improvement approach; the governing body forms a backbone to the leadership and management of Al Islah Girls' High School. The school's SLT has recently made a huge investment towards the teaching and learning at the school. With the recent purchase of a set of laptops to use in addition with the computers in the IT suite has enabled many of our learners, especially those that come from disadvantaged backgrounds to have access to digital resources and complete their learning. As the school is continuously signing up to new, more up to date digital resources for the children, this investment is a great benefit for our learners.
The school has also heavily invested in touchscreens for each classroom throughout the school. This has proven to be highly successful in engaging the students within the lesson and has shown a vast improvement in the level of learning and progress made. Teachers are able to make their lessons much more interactive and engaging and students can also take an active role in their learning.
Financial review
The budget is strictly monitored, as the main source of income has been the fees paid by parents whose children attend our school. With regards to the financial aspect of management, monthly reports are produced in order that order that the school remains on a firm financial footing. Monthly management accounts are reviewed by the board of trustees every month. Financially the school is viable due to good house management and this has enabled to survive on the numbers of the students that the school attracts.
Trustees' responsibilities statement
The trustees are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
2
Al Islah School
Trustees' Annual Report (continued)
Year ended 31 August 2023
The law applicable to charities in England and Wales requires the charity trustees to prepare financial statements for each 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 then apply them consistently;
-
observe the methods and principles in the applicable Charities SORP;
-
make judgments and accounting estimates that are reasonable and prudent;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and 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 applicable Charities (Accounts and Reports) Regulations, 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.
The trustees' annual report was approved on 21 June 2024 and signed on behalf of the board of trustees by:
Mr S Makda Trustee
3
Al Islah School
Independent Examiner's Report to the Trustees of Al Islah School
Year ended 31 August 2023
I report to the trustees on my examination of the financial statements of Al Islah School ('the charity') for the year ended 31 August 2023.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the charity as required by section 130 of the Act; or
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the financial statements do not accord with those records; or
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the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Ahmed Adam Karolia Independent Examiner Suite 28 Blackburn Enterprise Centre Furthergate Blackburn Lancashire BB1 3HQ
21 June 2024
4
Al Islah School
Statement of Financial Activities
Year ended 31 August 2023
| 2023 | 2023 | 2022 | ||
|---|---|---|---|---|
| Unrestricted | ||||
| funds | Total funds | Total funds | ||
| Note | £ | £ | £ | |
| Income and endowments | ||||
| Donations and legacies | 4 | 211,366 | 211,366 | 159,879 |
| Investment income | 5 | 957 | 957 | 27 |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| Total income | 212,323 | 212,323 | 159,906 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||
| Expenditure | ||||
| Expenditure on charitable activities | 6,7 | 175,954 | 175,954 | 139,026 |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| Total expenditure | 175,954 | 175,954 | 139,026 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| Net income and net movement in funds | 36,369 | 36,369 | 20,880 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||
| Reconciliation of funds | ||||
| Total funds brought forward | 229,874 | 229,874 | 208,994 | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| Total funds carried forward | 266,243 | 266,243 | 229,874 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 7 to 13 form part of these financial statements.
5
Al Islah School
Statement of Financial Position
31 August 2023
| 2023 | 2022 | ||
|---|---|---|---|
| Note | £ | £ | |
| Fixed assets | |||
| Tangible fixed assets | 13 | 189,342 | 171,016 |
| Current assets | |||
| Debtors | 14 | 842 | 698 |
| Cash at bank and in hand | 82,035 | 66,977 | |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ||
| 82,877 | 67,675 | ||
| Creditors: amounts falling due within one year | 15 | 3,615 | 3,420 |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ||
| Net current assets | 79,262 | 64,255 | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| Total assets less current liabilities | 268,604 | 235,271 | |
| Creditors: amounts falling due after more than one year | 16 | 2,361 | 5,397 |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| Net assets | 266,243 | 229,874 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||
| Funds of the charity | |||
| Unrestricted funds | 266,243 | 229,874 | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| Total charity funds | 18 | 266,243 ৶৶৶৶৶৶৶৶৶ |
229,874 ৶৶৶৶৶৶৶৶৶ |
These financial statements were approved by the board of trustees and authorised for issue on 21 June 2024, and are signed on behalf of the board by:
Mr S Makda Trustee
The notes on pages 7 to 13 form part of these financial statements.
6
Al Islah School
Notes to the Financial Statements
Year ended 31 August 2023
1. General information
The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is 108 Audley Range, Blackburn, Lancashiree, BB1 1TF.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Disclosure exemptions
No cash flow statement has been presented for the charity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
7
Al Islah School
Notes to the Financial Statements (continued)
Year ended 31 August 2023
3. Accounting policies (continued)
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
-
income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
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legacy income is recognised when receipt is probable and entitlement is established.
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income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
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income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
-
expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.
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expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
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other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
8
Al Islah School
Notes to the Financial Statements (continued)
Year ended 31 August 2023
3. Accounting policies (continued)
Tangible assets (continued)
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings - 15% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cashgenerating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.
Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
9
Al Islah School
Notes to the Financial Statements (continued)
Year ended 31 August 2023
4. Donations and legacies
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2023 | Funds | 2022 | |
| £ | £ | £ | £ | |
| Donations | ||||
| School fees | 184,756 | 184,756 | 130,026 | 130,026 |
| Other income | 9,594 | 9,594 | 13,717 | 13,717 |
| Rent received | 9,390 | 9,390 | 9,682 | 9,682 |
| Donations received | 7,626 | 7,626 | 6,454 | 6,454 |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| 211,366 | 211,366 | 159,879 | 159,879 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ |
5. Investment income
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
|---|---|---|---|---|---|
| Funds | 2023 | Funds | 2022 | ||
| £ | £ | £ | £ | ||
| Bank interest receivable | 957 | 957 | 27 | 27 | |
| ৶৶৶৶ | ৶৶৶৶ | ৶৶৶৶ | ৶৶৶৶ | ||
| 6. | Expenditure on charitable activities by fund type | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2023 | Funds | 2022 | ||
| £ | £ | £ | £ | ||
| Education costs | 169,413 | 169,413 | 132,842 | 132,842 | |
| Support costs | 6,541 | 6,541 | 6,184 | 6,184 | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| 175,954 | 175,954 | 139,026 | 139,026 | ||
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||
| 7. | Expenditure on charitable activities by activity type | ||||
| Activities | |||||
| undertaken | Total funds | Total fund | |||
| directly Support costs | 2023 | 2022 | |||
| £ | £ | £ | £ | ||
| Education costs | 169,413 | – | 169,413 | 132,842 | |
| Governance costs | – | 6,541 | 6,541 | 6,184 | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| 169,413 | 6,541 | 175,954 | 139,026 | ||
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ |
10
Al Islah School
Notes to the Financial Statements (continued)
Year ended 31 August 2023
8. Analysis of support costs
| Analysis of | ||||
|---|---|---|---|---|
| support costs | Total 2023 | Total 2022 | ||
| £ | £ | £ | ||
| Premises | 1,644 | 1,644 | 1,792 | |
| Finance costs | 385 | 385 | 175 | |
| Governance costs | 600 | 600 | 480 | |
| Subscriptions | 429 | 429 | 394 | |
| Legal and professional fees | 2,878 | 2,878 | 3,277 | |
| Sundry expenses | 605 | 605 | – | |
| Travel costs | – | – | 67 | |
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ||
| 6,541 | 6,541 | 6,185 | ||
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ||
| 9. | Net income | |||
| Net income is stated after charging/(crediting): | ||||
| 2023 | 2022 | |||
| £ | £ | |||
| Depreciation of tangible fixed assets | 5,983 | 2,750 | ||
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | |||
| 10. | Independent examination fees | |||
| 2023 | 2022 | |||
| £ | £ | |||
| Fees payable to the independent examiner for: | ||||
| Independent examination of the financial statements | 600 | 480 | ||
| ৶৶৶৶ | ৶৶৶৶ | |||
| 11. | Staff costs | |||
| The total staff costs and employee benefits for the reporting period are | analysed as | follows: | ||
| 2023 | 2022 | |||
| £ | £ | |||
| Wages and salaries | 121,247 | 88,972 | ||
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ |
The average head count of employees during the year was 11 (2022: 11).
No employee received employee benefits of more than £60,000 during the year (2022: Nil).
12. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.
11
Al Islah School
Notes to the Financial Statements (continued)
Year ended 31 August 2023
13. Tangible fixed assets
| Freehold | Fixtures and | |||
|---|---|---|---|---|
| property | fittings | Total | ||
| £ | £ | £ | ||
| Cost | ||||
| At 1 September 2022 | 155,436 | 41,275 | 196,711 | |
| Additions | – | 24,309 | 24,309 | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| At 31 August 2023 | 155,436 | 65,584 | 221,020 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||
| Depreciation | ||||
| At 1 September 2022 | – | 25,695 | 25,695 | |
| Charge for the year | – | 5,983 | 5,983 | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| At 31 August 2023 | – | 31,678 | 31,678 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||
| Carrying amount | ||||
| At 31 August 2023 | 155,436 | 33,906 | 189,342 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||
| At 31 August 2022 | 155,436 | 15,580 | 171,016 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||
| 14. | Debtors | |||
| 2023 | 2022 | |||
| £ | £ | |||
| Prepayments and accrued income | 842 | 698 | ||
| ৶৶৶৶ | ৶৶৶৶ | |||
| 15. | Creditors: amounts falling due within one year | |||
| 2023 | 2022 | |||
| £ | £ | |||
| Trade creditors | – | 365 | ||
| Accruals | 600 | 955 | ||
| Social security and other taxes | 915 | – | ||
| Obligations under finance leases and hire purchase contracts | 2,100 | 2,100 | ||
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | |||
| 3,615 | 3,420 | |||
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | |||
| 16. | Creditors: amounts falling due after more than one year | |||
| 2023 | 2022 | |||
| £ | £ | |||
| Obligations under finance leases and hire purchase contracts | 2,361 | 5,397 | ||
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ |
12
Al Islah School
Notes to the Financial Statements (continued)
Year ended 31 August 2023
17. Finance leases and hire purchase contracts
The total future minimum lease payments under finance leases and hire purchase contracts are as follows:
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Not later than 1 year | 2,100 | 2,100 |
| Later than 1 year and not later than 5 years | 2,361 | 5,397 |
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | |
| 4,461 | 7,497 | |
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ |
18. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | ||||||
|---|---|---|---|---|---|---|
| At | At | |||||
| 1 | September | 31 August | 20 | |||
| 2022 | Income | Expenditure | 23 | |||
| £ | £ | £ | £ | |||
| General funds | 229,874 | 212,323 | (175,954) | 266,243 | ||
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | |||
| At | At | |||||
| 1 | September | 31 August | 20 | |||
| 2021 | Income | Expenditure | 22 | |||
| £ | £ | £ | £ | |||
| General funds | 208,994 | 159,906 | (139,026) | 229,874 | ||
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ |
19. Analysis of net assets between funds
| Unrestricted | Total Funds | |
|---|---|---|
| Funds | 2023 | |
| £ | £ | |
| Tangible fixed assets | 189,342 | 189,342 |
| Current assets | 82,877 | 82,877 |
| Creditors less than 1 year | (3,615) | (3,615) |
| Creditors greater than 1 year | (2,361) | (2,361) |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| Net assets | 266,243 | 266,243 |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | |
| Unrestricted | Total Funds | |
| Funds | 2022 | |
| £ | £ | |
| Tangible fixed assets | 171,016 | 171,016 |
| Current assets | 67,675 | 67,675 |
| Creditors less than 1 year | (3,420) | (3,420) |
| Creditors greater than 1 year | (5,397) | (5,397) |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| Net assets | 229,874 | 229,874 |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ |
13