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2022-05-31-accounts

Reference and Administrative Details ofthe Charity, its Trustees and Advisers
Trustees' Annual Report	4-7
Statement ofTrustees' Responsibilities
Independent Examiner's Report
Statement ofFinancial Activities	10
Balance Sheet
Notes to the Financial Statements	13-16

Charity Name	Charity Name	Al-Ihsaan Academy
Charity Number		1164642
Registered	office	7S3-7S5High Road
		Seven Kings
		IG3 8RW
Trustees		Muhammad Yasin Karatela
		Farhan Vali
		Emran Ahmed
Bankers		Al Rayan Bank pic
		97-99Whitechapel	Road
		London
		El 1DT
Independent	Examiners	Siddiqui and Co
		Chartered Certified	Accountants
		414Barking Road,
		London E13SHJ

				Unrestricted	Restricted	Total	Total
				Funds	Funds	Funds	Funds
			Note	2021-22	2021-22	2021-22	2020-21
Income
Donations				2,405	234,728	237,133	311,099
Fees Income				132,809		132,809	124,569
Rental Income				17,225		17,225	18,496
BookSales &	Literature			6,941		6,941	4,728
Other income				31,229		31,229	10,053
Total income				190,609	234,728	425+37	468,945
Expenditure	on:
Salaries, Pensions &Teaching Services				119,951		119,951	106,895
Depreciation					35,846	35,846	40,770
Books, Literature & Publications				3,664		3,664	3,170
Accountancy Maintenance	fee			600 5,239		600 5,239	600 5,906
Utilities				4,724		4,724	4,648
Other expenses				8,371		8,371	2,010
Total expenditure				142~9	35,846	178495	163,998
Net income /(expenditure)				48,060	198,882	246,942	304,947
Net movement		in funds for the year		48,060	198,882	246+42	304,947
Total funds b/f		at 1"ofApril 2020/l~		121,052	978,760	1,099,812	794,865
June 2021
Total funds at		31May 2021/31 May		169,112	1,177,642	1@46,754	1,099,812
2022

			2021-22	2020-21
		Note
Fixed assets
Tangible fixed assets		4	1,619,314	1,650,503
Investment property		5	398,483	398,483
Total fixed assets			2,017,797	2,048,986
Current assets
Debtors			2,704	1,350
Cash at bank and in hand			144,878	159,761
			147,582	161,111
Creditors: amounts	falling due
within one year			(818,625)	(1,110,285)
Net current assets			(671,043)	(949,174)
Net assets			1,346,754	1,099,812
Charity funds
Restricted funds			1,177,642	978,760
Unrestricted funds			169,112	121,052
Total funds			1+46,754	1,099,812

Trustees Remu	neratio	n
								2021-22	2020-21
								K
The amount ofremuneration			or other benefits			paid	to a Trustee	of
the charity were as follows:
Farhan Vali								15,053	10,882
								15,053	10,882
Staffcosts
								2021-22	2020-21
The average monthly		number	ofemployees		during		the year was	as
follows:
								20	18
No employees	received emoluments			in excess of$60,000.
Tangible fixed assets
				Freehold			Freehold	Equipment	Total
				Land			Buildings
Cost
At 1 June 2021				661,014			1,046,474	70,082	1,777,570
Additions during	the period							4657	4657
At 31May 2022				661,014			1,046,474	74,739	1,782/27
Depreciation
At 1 June 2021							87,206	39,861	127,067
Additions during	the period						20930	14916	35846
At 31May 2021							108,136	54,777	162,913
Net BookValue
At 31May 2022					661,014		938438	19,962	1,619@14
At 31 May 2021					661,014		959,268	30,220	1,650,503
									Page 14of15

Debtors
			2021-22	2020-21
Prepayments	and other receivables		1,354
Security deposit			3 350	3 350
Total			2,704	1,350
Creditors:	Amounts	falling due within one year
			2021-22	2020-21
			4,180	4,770
			863	634
			1,350	1,350
			812,232	1,103,531
			818,625	1,110,285

Statement offunds
	Brought	Incoming	Resources	Carried
	Forward	Resources	Expended	Forward
Restricted funds*	978,760	234,728	(35,846)	1,177,642
Unrestricted	121,052	190,609	(142,549)	169,112
funds
Total offunds	1,099,812	425+37	(178+95)	1,346,754