2023-07-31-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	12-15

Charity Name	Charity Name	Al-Ihsaan Academy	Al-Ihsaan Academy
Charity Number		1164642
Registered	office	783-785 High Road
		Seven Kings
		IG3 8RW
Trustees		Muhammad Yasin Karatela
		Farhan Vali
		Emran Ahmed
Bankers		Al Rayan Bank pic
		97-99Whitechapel		Road
		London
		EI IDT
Solicitors		Hawkins Law
		448 Romford Road
		London
		E7 8DF
Independent	Examiners	Midas Financials	Ltd
		Institute ofFinancial		Accountants,
		20-22 Wenlock Road,
		London, N I 7GU

					Unrestricted	Restricted	Total	Total
					Funds	Funds	Funds	Funds
				Note	2022-23	2022-23	2022-23	2021-22
Income
Donations					78,485	352,003	430,488	237,133
Fees Income					180,712		180,712	132,809
Rental Income					17,225		17,225	17,225
Book Sales &	Literature				8,268		8,268	6,941
Zakah					6,754		6,754
Other income					2,150		2,150	31,229
Total income					294,094	352,003	646,097	425,337
Expenditure	on:
Salaries, Pensions &Teaching Services					174,397		174,397	119,951
Depreciation						37,563	37,563	35,846
Books, Literature & Publications					8,136		8,136	3,664
Accountancy fee					600		600	600
Maintenance					6,932		6,932	5,239
Utilities					9,060		9,060	4,724
Zakah					6,754		6,754
Other expenses					2,781		2,781	8,371
Total expenditure					208,660	37,563	246,223	178,395
Net income /(expenditure)					85,434	314,440	399,874	246,942
Net movement		in funds for the year			85,434	314,440	399,874	246,942
Total funds b/f		at 1"June 2021 and	1		169,112	1,177,642	1,346,754	1,099,812
June 2022
Total funds at		31May 2022/31 July			254,546	1,492,082	1,746,628	1,346,754
2023

			2022-23	2021-22
		Note
Fixed assets
Tangible fixed assets			1,581,286	1,619,314
Investment property			515,643	398,483
Total fixed assets			2,096,929	2,017,797
Current assets
Debtors			1,350	2,704
Cash at bank and in hand			92,923	144,878
			94,273	147,582
Creditors: amounts	falling due
within one year			(444,574)	(818,625)
Net current assets			(350,301)	(671,043)
Net assets			1,746,628	1,346,754
Charity funds
Restricted funds			1,492,082	1,177,642
Unrestricted funds			254,546	169,112
Total funds			1,746,628	1,346,754

								2022-23	2021-22
The amount of remuneration			or other benefits			paid	to a Trustee of
the charity were as follows:
Farhan Vali								19,346	15,053
								19,346	15,053
Staff costs
								2022-23	2021-22
The average monthly		number	ofemployees		during		the year was as
follows:
								24	20
No employees	received emoluments			in excess off60,000.
Tangible fixed	assets
				Freehold			Freehold	Equipment	Total
				Land			Buildings
Cost
At 1 June 2022				661,014			1,046,474	74,739	1,782,227
Additions during	the period
At 31 July 2023				661,014			1,046,474	74,739	1,782,227
Depreciation
At 1 June 2022							108,136	54,777	162,913
Additions during	the period						24 138	13890	38028
At 31 July 2023							132,274	68,667	200,941
Net BookValue
At 31July 2023				661,014			914,200	6,072	1,581,286
At 31 May 2021				661,014			661,014	19,962	1,619,314

At	1 June	2022	398,483
Additions		during the period*	117160
At	31 July	2023	515643

Debtors
			2022-23	2021-22
Prepayments and other receivables				1,354
Security deposit			1 350	1 350
Total			1,350	2,704
Creditors: Amounts	falling	due within one year
			2022-23	2021-22
Advance fees received			6,485	4,180
Accruals and other payables			2,708	863
Security deposit payable			1,350	1,350
Qardh Hasan (loans repayable		on demand)*	434,031	812,232
			444,574	818,625

Statement offunds
	Brought	Incoming	Resources	Carried
	Forward	Resources	Expended	Forward
Restricted funds*	1,177,642	352,003	(37,563)	1,492,082
Unrestricted	169,112	294,094	(208,660)	254,546
funds
Total offunds	1,346,754	646,097	(246,223)	1,746,628