Al Sadiq Academy UK Accounts 5 April 2024 ## **Al Sadiq Academy UK** ## **Approval statement** I approve the accounts which comprise of the Profit and Loss Account, the Balance Sheet and the related notes. I acknowledge my responsibility for the accounts, including the appropriateness of the applicable financial reporting framework as set out in note 1, and for providing Mahmood Rizvi Ltd with all information and explanations necessary for their compilation. Mr G Hussain 22 December 2023 1 ## **Al Sadiq Academy UK** ## **Accountants' report on the unaudited accounts to Al Sadiq Academy UK** You have approved the accounts for the year ended 5 April 2024 which comprise the Profit and Loss Account, the Balance Sheet and the related notes. In accordance with your instructions, we have compiled these unaudited accounts from the accounting records and information and explanations supplied to us. Mahmood Rizvi Ltd Institute of Financial Accountants 353A Great Horton Road Bradford BD7 3BZ 22 December 2023 2 ## **Al Sadiq Academy UK Profit and Loss Account for the year ended 5 April 2024** |**Donations & Collections**
**Rental Income**
**Gift Aid**
**Expenses**
Wages, salaries and other staff costs
Car, van and travel expenses
Rent, rates, power and insurance costs
Telephone, fax, stationery and other office costs
Interest on bank and other loans
Bank, credit card and other finance charges
Accountancy, legal and other professional fees
Other business expenses
**Net Movement in funds**
**Funds B/fwd**
**Funds C/fwd**|**2024**
**£**
181,193
8,545
40,890
204,449
1,050
1,823
8,609
21,989
16,360
63
5,860
1,502
58,755
171,873
351,839
523,712| |---|---| 3 ## **Al Sadiq Academy UK Balance Sheet as at 5 April 2024** |**Notes**
**Fixed assets**
Property 426-428 Rochdale Road
**1**
Equipment, machinery and motor vehicles
**2**
**Current assets**
Bank/building society balances
Other current assets and prepayments
**Total Current Assets**
**Current liabilities**
Trade creditors
Other liabilities and accruals
**Net assets**
**Capital account**
Balance at start of period
Current Net Movement in Funds|40,170
103,523
1,360
151,513|**2024**
**£**
505,824
23,506
532,892
143,693
676,585
152,873
523,712
351,839
171,873
523,712| |---|---|---| 4 **Al Sadiq Academy UK Notes to the Accounts for the year ended 5 April 2024** ## **1 Accounting basis** The accounts have been compiled on a basis that enables profits to be calculated in accordance with UK Generally Accepted Accounting Practice and that provides sufficient and relevant information to enable the completion of a tax return. ## **2 Profit and loss account analysis** |**Donations & Collections**
Donations
**Other business income**
Gift Aid
Rental income
**Wages, salaries and other staff costs**
Wages and salaries
**Car, van and travel expenses**
Travel and subsistence
**Rent, rates, power and insurance costs**
Rates
Light and heat
Property insurance
**Telephone, fax, stationery and other office costs**
Telephone and fax
Stationery and printing
Donations
**Interest on bank and other loans**
Interest
**Bank, credit card and other finance charges**
Bank charges
**Accountancy, legal and other professional fees**
Accountants fees
Other legal and professional
**Other business expenses**
Sundry expenses|**2024**
**£**
181,193
40,890
8,545
49,435
1,050
1,823
3,974
2,874
1,761
8,609
486
120
21,383
21,989
16,360
63
480
5,380
5,860
1,502| |---|---| 5 **Al Sadiq Academy UK Notes to the Accounts for the year ended 5 April 2024** ## **3 Property 426-428 Rochdale Road** |Premises
Improvements
**4**
**Plant, machinery and motor vehicles**
**Cost**
At 6 April 2023
Additions
At 5 April 2024
**Depreciation**
At 5 April 2024
**Net book value**
At 5 April 2024
At 5 April 2023|**2024**
**£**
423,750
82,074
505,824
**Plant and**
**machinery**
**£**
13,506
3,562
27,068
-
27,068
23,506| |---|---| 6