AL-KHAYR ACADEMY
FINANCIAL STATEMENTS
FOR THE YEAR ENDING 1 APRIL 2021
ABBEY & CO ASSOCIATES 1ST FLOOR, ABBEY HOUSE 270-272 LEVER STREET BOLTON BL3 6PD
INDEPENDENT EXAMINERS' REPORT
TO THE MEMBERS OF AL-KHAYR ACADEMY
I have examined the financial statements for the year ended 1 April 2021 as set out on the annexed pages which have been prepared under the historical cost convention and the accounting policies set out below:
Respective responsibilities of the Trustees and Independent Examiner
The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (“the Charities Act”) and that an independent examination is needed. The charity’s gross income did not exceed £250,000 and I am qualified to undertake the examination by being a qualified member of the Institute of Financial Accountants (IFA).
Having satisfied myself that the charity is not subject to an audit under company law and is eligible for an independent examination; it is my responsibility to:
-
examine the accounts under section 145 of the Charities Act 2011,
-
to follow the procedures laid down in the general Directions given by the Charity Commission
-
(under section 145(5)(b) of the Charities Act 2011, and
-
to state whether particular matters have come to my attention.
Basis of Independent Examiner's Report
My examination was carried out in accordance with the General Directions given by the Charity Commission.
An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records.
It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as Trustees concerning any such matters.
The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts a 'true and fair' view and the report is limited to those matters set out in the statement below.
Independent Examiner's Statement
In connection with our examination, no matter has come to my attention:
-
Which gives us reasonable cause to believe that in any material respect the requirements:
-
to keep accounting records in accordance with section 130 of the Charities Act 2011; and
-
to prepare accounts which accord with the accounting records and comply with the accounting
-
requirements of the Charities Act 2011 have not been met; or
-
To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
__________ Honorary Independent Examiner
Faruk Patel FFA FFTA Abbey & Co Associates 1st Floor, Abbey House 270-272 Lever Street Bolton BL3 6PD
27th June 2022
AL-KHAYR ACADEMY
BALANCE SHEET AS AT 01 APRIL 2021
| FIXED ASSETS New Building (Incl Property Costs) CURRENT ASSETS Debtors & Prepayments Cash at Bank Cash in Hand CURRENT LIABILITIES Accurals & Creditors Private Loans (Qarza-e-Hasana) Net Current Assets / (Liabilities) NET ASSETS REPRESENTED BY: ACCUMULATED FUNDS Balance B/fwd 02/04/2020 Surplus for the Year Balance C/fwd 01/04/2021 |
£ - 88,508.95 125.15 |
2021 £ 408,877.60 88,634.10 497,511.70 462,398.58 35,113.12 497,511.70 |
£ - 53,395.83 125.15 |
2020 £ 408,877.60 53,520.98 |
|---|---|---|---|---|
| 88,634.10 | 53,520.98 | |||
| - - |
- - |
|||
| - | - | |||
| 462,398.58 | ||||
| 397,967.73 64,430.85 |
||||
| 462,398.58 |
2
AL-KHAYR ACADEMY
INCOME AND EXPENDITURE STATEMENT
FOR THE YEAR ENDING 1 APRIL 2021
| INCOME Donations New Building Lillah Collections Lillah Contributions Rental Income Other Income LESS : EXPENSES Printing, Postage, Stationery & Books Telephone Insurance Legal & Professional Fees Premises Expenses Equipment & IT Costs Bank Charges Honoriaium Payments Wages PAYE/NI Sundry Expenses EXCESS OF INCOME OVER EXPENDITURE |
£ 7,321.00 44,247.74 10,973.00 - - |
2021 £ 62,541.74 27,428.62 35,113.12 |
£ 3,013.00 74,405.20 7,737.66 - - |
2020 £ 85,155.86 20,725.01 |
|---|---|---|---|---|
| 2,656.35 543.16 - 10,753.00 2,878.85 143.12 - 10,454.14 - - |
357.24 - - - 20,224.65 143.12 - - - - |
|||
| 64,430.85 |
3
AL-KHAYR ACADEMY
INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDING 1 APRIL 2021
| RECEIPTS PAYMENTS £ 44,247.74 NEW BUILD LILLAH NEW BUILDING 7,321.00 DONATIONS PROFESSIONAL FEES 10,973.00 LILLAH DONATIONS POSTAGE AND STAT. - RENT TELEPHONE - OTHER INCOME INSURANCE BANK CHARGES SUNDRY EXPENSES PREMISES EXPENSES EQUIPMENT & IT COSTS WAGES & PAYE/NI HONORIA PAYMENTS - DEBTORS & PREPAY B/FWD CREDITORS & ACCURALS B/FWD - CREDITORS & ACCURALS B/FWD DEBTORS & PREPAY C/FWD - LOANS (QAR. HAS.) C/FWD LOANS (QAR. HAS.) B/FWD 53,395.83 BANK BALANCE B/FWD BANK BALANCE C/FWD 125.15 CASH IN HAND B/FWD CASH IN HAND C/FWD 116,062.72 |
£ - 10,753.00 2,656.35 543.16 - - - 2,878.85 143.12 - 10,454.14 - - - 88,508.95 125.15 |
|---|---|
| 116,062.72 |
4