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2022-09-01-accounts

Page
Directors / Trustees
Trustees Report
Independent
Review
Income and Expenditure Account
Balance Sheet
Notes to the accounts 6-9

Afifah Academy
Receipt and Expenditure
Account
forthe year ended 1stSeptember 2
022
Notes 2022 2021
Unrestricted Restricted Endowment Total Total
funds funds
E E E E
INCOME AND ENDOWMENTS
DONATIONS AND LEGACIES 51,277 51,277 41,102
FEESAND REGISTRATION 629,037 629,037 561,212
PUPIL SUPPORT FUNDING 200,463 200,463 140,683
EDUCATIONAL
RESOURCES' SALES
11,005 11,005 2,441
FOOD SALES
STAFFTRAINING CONTRIBUTION
APPRENTICESHIP
PROGRAMME
RENTAL INCOME
OTHER INCOME
JOB RETENTION SCHEME GRANT
10,245
12,576
581
485
218
(10,755)
10,245
12,576
581
485
218
(10,755)
1,596
3,165
500
2,155
486
108259
TOTAL INCOME 905,132 905,132 861,599
LESS:EXPENDITURE
EXPENDITURE ON CHARITABLE ACTIVITIES 678,340 678,340 646,384
SUPPORT COSTS 123,816 123,816 122,958
TOTALEXPENDITURE 802,156 802,156 769,342
NET INCOME / EXPENDITURE 102,976 102,976 92,257
TOTAL FUNDS BROUGHT FORWARD 415,394 415,394 375,840
PRIOR YEARADJUSTMENTS (52,703)
TOTAL FUNDS CARRIED FORWARD 518370 518,370 415394

Salmi
.
INCOME AND ENDOWMENTS
Unrestricted Restricted Endowment Total
Donations and Legacies
Fees and Registration
Pupil support funding
Educational
resources' sales
51,277
629,037
200,463
11,005
51,277
629,037
200,463
11,005
41,102
561,212
140,683
2,441
Food sales 10,245 10,245 1,596
Stafftraining
contribution
Apprenticeship
programme
Rental income
Other income
Job Retention Scheme grant
12,576
581
485
218
(10,755)
12,576
581
485
218
(10,755)
3,165
500
2.155
486
108,259
905,132 905,132 861,599

As aregistered
charity, the organisation
is exempt from income and corporation taxto the extent that its income and gains are
towards the charitable objects ofthe charity and for no other purpose. Value Added Tax isnot recoverable
by the charity, and
As aregistered
charity, the organisation
is exempt from income and corporation taxto the extent that its income and gains are
towards the charitable objects ofthe charity and for no other purpose. Value Added Tax isnot recoverable
by the charity, and
As aregistered
charity, the organisation
is exempt from income and corporation taxto the extent that its income and gains are
towards the charitable objects ofthe charity and for no other purpose. Value Added Tax isnot recoverable
by the charity, and
As aregistered
charity, the organisation
is exempt from income and corporation taxto the extent that its income and gains are
towards the charitable objects ofthe charity and for no other purpose. Value Added Tax isnot recoverable
by the charity, and
As aregistered
charity, the organisation
is exempt from income and corporation taxto the extent that its income and gains are
towards the charitable objects ofthe charity and for no other purpose. Value Added Tax isnot recoverable
by the charity, and
As aregistered
charity, the organisation
is exempt from income and corporation taxto the extent that its income and gains are
towards the charitable objects ofthe charity and for no other purpose. Value Added Tax isnot recoverable
by the charity, and
As aregistered
charity, the organisation
is exempt from income and corporation taxto the extent that its income and gains are
towards the charitable objects ofthe charity and for no other purpose. Value Added Tax isnot recoverable
by the charity, and
As aregistered
charity, the organisation
is exempt from income and corporation taxto the extent that its income and gains are
towards the charitable objects ofthe charity and for no other purpose. Value Added Tax isnot recoverable
by the charity, and
As aregistered
charity, the organisation
is exempt from income and corporation taxto the extent that its income and gains are
towards the charitable objects ofthe charity and for no other purpose. Value Added Tax isnot recoverable
by the charity, and
applied
is
therefore included
in the relevant costs in the Statement ofFinancial Activities.
blatuk
STAFFCOSTS
Unrestricted Restricted 2022
Endowment
Total Total 2021
Gross Salaries Usage 628,992 628,992 594,982
628,992 628,992 594,982
The average numbers ofemployees
during the year were: Number Total
Administration
Teachers 66 66
EXPENDITURE ON CHARITABLE ACTIVITIES
Wages and Salaries
Events
Examination
fees
Educational resources
School canteen
Resource rental
Stafftraining
Donations and grants
Usage
Usage
Usage
Usage
Usage
Usage
Usage
Usage
628,992
655
7,296
26,792
5,244
3,422
5,939
628,992
655
7,296
26,792
5,244
3,422
5,939
594,982
3,448
8,679
23,200
2,379
200
8,205
5,291
Other costs Usage
678,340 678,340 646,384
SUPPORT COSTS:
Rent and rates Usage 22,095 22,095 19,190
Repairs & Maintenance
Advertising
Insurance
Light and heat
Equipment
rental
Telephone
&.Internet
Computer
and software
Depreciation
Bank Charges
Cleaning
General Expense
Accountancy
Legal &Professional
Subscriptions
Printing,
Postage &Stationery
Usage
Usage
Usage
Usage
Usage
Usage
Usage
Usage
Usage
Usage
Usage
Usage
Usage
Usage
Usage
2,996
536
12,143
9,402
48
9,349
11,107
18,959
661
3,718
8,452
1,500
5,904
10,850
6,096
2,996
536
12,143
9,402
48
9,349
11,107
18,959
661
3,718
8,452
1,500
5,904
10,850
6,096
12,305
1,815
10,873
8,593
9,195
1,746
10,604
18,089
592
3,043
27
1,440
18,229
7,027
192
123,816 123,816 122,558
Page 7

forthe year ended 1stSeptembe r 2022
2022 2021
Leasehold Plant a Total
Improvements Machinery
TANGIBLE ASSETS:
Cost
At 1stSep 2021 375,068 375,068 235,155
Addition 49,049 49,049 139,913
At 1stSep 2022 424,117 424,117 375,068
Depreciation
At 1stSep 2021 44,934 44,934 26,845
Charge forthe year 18,959 18,959 18,089
At1stSep 2022 63,893 63,893 44,934
Net BookValue
At 1stSep 2022 360,225 360,225 330,135
At 1stSep 2021 330,135 330,135 348,223
CURRENT ASSSETS: 2022 2021
Debtors 48,000 48,000
Cash in Hand and atBank (ae restated) 154,468 88,296
202,468 136,296
CREDITORS:Amount falling due within one year
Accruals 1,440 1,440
Creditors 26,383 28,097
27,823 29,537
CREDITORS:Amount falling due more than one year
(eerestated) 16,500 21,500
16,500 21,500
ACCUMULATED
FUNDS
Unrestrtcted Restricted Endowmeni Total 2021
Opening
Funds asat01/09/2021
414,534 860 415,394 375,840
Net income/expenditure 102,976 102,976 92,257
Prior Year Adjustments (52,703)
Closing funds as at01/09/2022 517,510 860 518,370 415,394

Summary ofthe prior year accounting impact
Loan understatement 5,000
Bank overstatement 47,703
52,703