## **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:
1. 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
2. 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**