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|Reference and Administrative<br>Details ofthe Charity, its Trustees and Advisers||
|---|---|
|Trustees'<br>Annual Report|4-7|
|Statement ofTrustees'<br>Responsibilities||
|Independent<br>Examiner's<br>Report||
|Statement ofFinancial Activities|10|
|Balance Sheet||
|Notes to the Financial Statements|12-15|





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





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||||||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<br>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|||||||||





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||||2022-23|2021-22|
|---|---|---|---|---|
|||Note|||
|Fixed assets|||||
|Tangible fixed assets|||1,581,286|1,619,314|
|Investment<br>property|||515,643|398,483|
|Total fixed assets|||2,096,929|2,017,797|
|Current<br>assets|||||
|Debtors|||1,350|2,704|
|Cash at bank and in hand|||92,923|144,878|
||||94,273|147,582|
|Creditors:<br>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<br>funds|||254,546|169,112|
|Total funds|||1,746,628|1,346,754|





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|||||||||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<br>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<br>1 June 2022||||661,014|||1,046,474|74,739|1,782,227|
|Additions<br>during|the period|||||||||
|At 31 July 2023||||661,014|||1,046,474|74,739|1,782,227|
|Depreciation||||||||||
|At<br>1 June 2022|||||||108,136|54,777|162,913|
|Additions<br>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|





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



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|Debtors|||||
|---|---|---|---|---|
||||2022-23|2021-22|
|Prepayments<br>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<br>Hasan (loans repayable||on demand)*|434,031|812,232|
||||444,574|818,625|



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|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|