2022-07-31-accounts - Leicester Islamic Academy

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		Page
Report ofthe Trustees	1	to	14
Report ofthe Independent Auditors	15	to	18
Statement ofFinancial Activities		19
Balance Sheet		20
Cash Flow Statement		21
Notes to the Cash Flow Statement		22
Notes to the Financial Statements	23	to	29
Detailed Statement ofFinancial Activities	30	to	31

Subject	2022	National Average
Reading	92o/o	74'/o
S.P.A/G	96o/o	72'/o
Maths	80'/o	71'/o
Reading/Writing/Maths	88'/o	59o/o

Subject	2022		National Average
Reading	86%		67%
		Optional	test and therefore no national
S.P.A.G	70%		average
Maths	89%		68%

							2022	2021
					Unrestricted	Restricted	Total	Total
					fund	funds	funds	funds
				Notes
INCOME	AND ENDOWMENTS		FROM
Donations	and legacies				9,185		9,185	34,344
Charitable	activities
Educational	Services				999,389		999,389	750,618
Other income					49,992		49,992	89,527
Total					1,058,566		1,058,566	874,489
EXPENDITURE ON
Raising funds								6,435
Charitable	activities
Educational	Services				940,387		940,387	773,578
Other					60,623		60,623	43,559
Total					1,001,010		1,001,010	823,572
NET INCOME					57,556		57,556	50,917
RECONCILIATION		OF FUNDS
Total funds	brought forward				3,168,200	104	3,168,304	3,117,387
TOTAL FUNDS CARRIED FORWARD					3,225,756	104	3,225,860	3,168,304

				2022	2021
		Unrestricted	Restricted	Total	Total
	Notes	fund	fundsI	funds	funds
FIXEDASSETS
Tangible assets	11	2,888,284		2,888,284	2,892,437
CURRENT ASSETS
Debtors	12	57,655		57,655	108,282
Cash at bank and in hand		408,513	104	408,617	225,104
		466,168	104	466,272	333,386
CREDITORS
Amounts falling due within one year	13	(128,696)		(128,696)	(57,519)
NET CURRENT ASSETS		337,472	104	337,576	275,867
TOTAL ASSETSLESSCURRENT
LIABILITIES		3,225,756	104	3,225,860	3,168,304
NKT ASSETS		3,225,756	104	3,225,860	3,168,304
FUNDS	14
Unrestricted funds				3,225,756	3,168,200
Restricted funds				104	104
TOTAL FUNDS				3,225,860	3,168,304

				2022	2021
		Unrestricted	Restricted	Total	Total
		fund	funds	funds	funds
	Notes	f.	f	f,
FIXEDASSETS
Tangible assets	11	2,888,284		2,888,284	2,892,437
CURRENT ASSETS
Debtors	12	57,655		57,655	108,282
Cash atbank and in hand		408,513	104	408,617	225,104
		466,168	104	466,272	333,386
CREDITORS
Amounts falling due within one year	13	(128,696)		(128,696)	(57,519)
iVET CURRENT ASSETS		337,472	104	337,576	275,867
TOTAL ASSETSLESSCURREiVT
LIABILITIES		3,225,756	104	3,225,860	3,168,304
NKT ASSETS		3,225,756	104	3,225,860	3,168,304
FLrNDS	14
Unrestricted funds				3,225,756	3,168,200
Restricted funds				104	104
TOTAL FUNDS				3325,860	3,168,304

					2022	2021
				Notes
Cash flows from operating		activities
Cash generated from operations					215,613	102,230
Interest paid						(33)
Net cash provided by operating activities					215,613	102,197
Cash flows from investing		activities
Purchase oftangible fixed	assets				(32,100)	(3,010)
Net cash used in investing	activities				(32,100)	(3,010)
Change in cash and cash	equivalents		in
the reporting period					183,513	99,187
Cash and cash equivalents		at the
beginning ofthe reporting		period			225,104	125,917
Cash and cash equivalents		at the end	of
the reporting period					408,617	225,104

	RECONCILIATION	RECONCILIATION	RECONCILIATION	OF NET INCOME TO NET CASH FLOW FROM	OF NET INCOME TO NET CASH FLOW FROM	OPERATING ACTIVITIES	OPERATING ACTIVITIES
						2022	2021
	Net income	for the	reporting		period (as per the Statement ofFinancial
	Activities)					57,556	50,917
	Adjustments	for:
	Depreciation	charges				36,253	30,614
	Interest paid						33
	Decrease in	debtors				50,627	23,816
	Increase/(decrease)		in	creditors		71,177	(3,150)
	Net cash provided		by	operations		215,613	102,230
2.	ANALYSIS	OFCHANGES			IN NET FUNDS
					At 1/8/21	Cash flow	At 31/7/22
	Net cash
	Cash at bank	and in	hand		225,104	183,513	408,617
					225,104	183,513	408,617
	Total				225,104	183,513	408,617

2.	DONATIONS	DONATIONS	AND LEGACIES	AND LEGACIES
							2022	2021
	Gills						(2)	1
	Donations						8,652	33,663
	Gilt aid						535	680
							9,185	34344
3.	INCOME FROM		CHARITABLE ACTIVITIES
							2022	2021
				Activity
	Goods and Services			Educational	Services		44,795	24,642
	Fees Income			Educational	Services		954,594	725,976
							999,389	750,618
4.	RAISING FUNDS
	Raising donations		and legacies
							2022	2021
	Fundraising							6,435
5.	CHARITABLE ACTIVITIES			COSTS
							Support
						Direct	costs (see
						Costs	note 7)	Totals
	Educational	Services				685,716	254,671	940,387
6.	GRANTS PAYABLE
							2022	2021
	Educational	Services						3,032

SUPPORT	COSTS
			Governance
		Other	costs	Totals
Educational	Services	251,371	3,300	254,671

STAFF COSTS
					2022	2021
Wages and salaries					648,210	578,246
Social security costs					26,415	24,335
Other pension costs					7,832	7,060
					682,457	609,641
The average monthly	number ofemployees		during	the year was as follows:
					2022	2021
Teaching Staff					40	30
Administration Staff					20	20
					60	50
No employees received emoluments		in excess off60,000.
COMPARATIVKS	FORTHE STATEMENT OF FINANCIAL ACTIVITIES
				Unrestricted	Restricted	Total
				fund	funds	fundsI
INCOME AND ENDOWMENTS		FROM
Donations and legacies				27,909	6,435	34,344
Charitable activities
Educational Services				750,618		750,618
Other income				89,527		89,527
Total				868,054	6,435	874,489
EXPENDITURE ON
Raising funds					6,435	6,435
Charitable activities
Educational Services				770,546	3,032	773,578

10.	COMPARATIVES	FORTHE STATEMENT	FORTHE STATEMENT	OF FINANCIAL	ACTIVITIES - continued	ACTIVITIES - continued
					Unrestricted	Restricted	Total
					fund	funds	funds
	Other				43,559		43,559
	Total				814,105	9,467	823,572
	NET INCOME/(EXPENDITURE)				53,949	(3,032)	50,917
	RECONCILIATION		OF FUNDS
	Total funds brought	forward			3,114,251	3,136	3,117,387
	TOTAL FUNDS CARRIED FORWARD				3,168,200	104	3,168,304
11.	TANGIBLE FIXED		ASSETS
					Fixtures
				Freehold	and	Computer
				property	fittings I	equipment	Totals
	COST
	At I August 2021			3,091,776	45,723	46,784	3,184,283
	Additions				32,100		32,100
	At 31July 2022			3,091,776	77,823	46,784	3,216,383
	DEPRECIATION
	At I August 2021			210,359	42,569	38,918	291,846
	Charge for year			26,295	6,037	3,921	36,253
	At 31July 2022			236,654	48,606	42,839	328,099
	NET BOOKVALUE
	At 31July 2022			2,855,122	29,217	3,945	2,888,284
	At 31July 2021			2,881,417	3,154	7,866	2,892,437

12.	DEBTORS:	A	MOUNTS FALL	ING DUE WITHIN ONE Y	EAR
							2022	2021
	Trade debtors						38,679	89,228
	Other debtors						140	294
	Prepayments	and accrued income					18,836	18,760
							57,655	108,282
13.	CREDITORS:		AMOUNTS FALLING DUE WITHIN ONE		YEAR
							2022	2021
	Trade creditors						27,765	16,528
	Taxation and	social security					5,328	3,672
	Other creditors						95,603	37,319
							128,696	57,519
14.	MOVEMENT		IN FUNDS
							Net
							movement	At
					At	1/8/21	in funds	31/7/22
	Unrestricted	funds
	General fund				3,168,200		57,556	3,225,756
	Restricted funds
	Needy					104		104
	TOTAL FUNDS				3,168,304		57,556	3,225,860
	Net movement	in funds, included		in the above are as follows:
					Incoming		Resources	Movement
					resources		expended	in funds
	Unrestricted	funds
	General fund				1,058,566		(1,001,010)	57,556
	TOTAL FUNDS				1,058,566		(1,001,010)	57,556

						Net
						movement	At
					At 1/8/20	in funds	31/7/21
Unrestricted	funds
General fund					3,114,251	53,949	3,168,200
Restricted funds
Needy					3,136	(3,032)	104
TOTAL FUNDS					3,117,387	50,917	3,168,304
Comparative	net movement		in funds, included	in the above are as fogows:
					Incoming	Resources	Movement
					resources	expended	in funds f
Unrestricted	funds
General fund					868,054	(814,105)	53,949
Restricted funds
Needy						(3,032)	(3,032)
Restricted Fundraising					6,435	(6,435)
					6,435	(9,467)	(3,032)
TOTAL FUNDS					874,489	(823,572)	50,917
A current year 12months		and prior year 12months combined			position is as follows:
						Net
						movement	At
					At 1/8/20	in funds	31/7/22
Unrestricted	funds
General fund					3,114,251	111,505	3,225,756
Restricted funds
Needy					3,136	(3,032)	104
TOTAL FUNDS					3,117,387	108,473	3,225,860

			Incoming	Resources	Movement
			resources	expended	in funds
Unrestricted		funds
General	fund		1,926,620	(1,815,115)	111,505
Restricted funds
Needy				(3,032)	(3,032)
Restricted Fundraising			6,435	(6,435)
			6,435	(9,467)	(3,032)
TOTAL	FUNDS		1,933,055	(1,824,582)	108,473

			2022	2021
INCOME AND	ENDOWMENTS
Donations and legacies
Gifts			(2)	1
Donations			8,652	33,663
Gig aid			535	680
			9,185	34,344
Charitable activities
Goods and Services			44,795	24,642
Fees Income			954,594	725,976
			999,389	750,618
Other income
Ethos Services			49,992	37,586
Government Grants				51,941
			49,992	89,527
Total incoming	resources		1,058,566	874,489
EXPENDITURE
Raising donations		and legacies
Fundraising				6,435
Charitable activities
Wages			408,963	365,064
Social security			17,024	15,331
Pensions			5,099	4,588
Rates and water			9,035	8,263
Insurance			14,010	12,726
Light and heat			14,702	15,386
Telephone			95	315
Postage and stationery			3,463	2,735
Sundries			404
Books &Resources			40,644	25,710
Training			4,295	(347)
Repairs tk Maintenance			35,425	10,054
Cleaning			6,899	4,902
Accountancy			1,800	1,800
School Inspection		Charges	2,720	2,720
ITCosts			24,636	22,950
Bad Debts			40,360	4,744
Advertising				413
Carried forward			629,574	497,354

		2022	2021
Charitable activities
Brought forward		629,574	497,354
Bookkeeping		12,792	11,410
Copyright		551	(115)
Subscriptions		6,560	6,131
Uniform Costs		3,748	3,456
Penalties		(400)	400
Freehold property		22,933	22,933
Fixtures and fittings		6,037	1,966
Computer equipment		3,921	2,353
Fees Settlement	for Needy Stud ents		3,032
		685,716	548,920
Other
Consultancy		53,780	39,661
Legal JtProf		3,469	503
Other Interest		12
Depreciation oftangible fixed assets		3,362	3,362
Bank interest			33
		60,623	43,559
Support costs
Other
Wages		239,247	213,182
Social security		9,391	9,004
Pensions		2,733	2,472
		251,371	224,658
Governance	costs
Auditors' remuneration		3,300
Total resources	expended	1,001,010	823,572
Net income		57,556	50,917