RECISTERED CILIRITY NUMBER: 702652 Report orth¢ Trustees Financlal Statements for the Year Ended 31 July 2024 for LEICESTER ISLAhtlC ACADEMY SKM Chartued Accountants Pegasus House 5 Winckley Court M(MJnt Street Preston Lancashire PRI 8BU LEICESTER ISLAMtC ACADEMY Contents of the Finaneiwl Statements FOR THE YEAR ENDED 31 JULY 2024 Page Report of the Trnstees I to 16 Report of the Independent Audlton 17 to 20 Statement of Flllaneial Activiti 21 Balance Sheet 22 Cash Flow Statement 23 Notes to the Cash Flow Statement 24 Notes to the Finaneial Statements 25 to 31 Detalled Statement of FillancAal Aetiyities 32 to 33 LEICEsfER ISLAMIC ACADEMY Report of the Trustees FOR TllE YEAR ENDED 31 JULY 2024 The ttl￿teeS prasent thcir report with tbe fmancial stotem¢nts of Ihe charity for the year ended 31 July 2024. The trnstees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Prncti¢e applicable to charities prep￿ing their accoullts iti accordance with the Financial Reporting Standard applicable in the UK and Republic of treland (FRS 102} (effective l January 2019). Page I LEICESTER ISLAMtC ACADEMY Report of theTruste FOR THE YEARENDED 31 JULY 2024 ORJEcfIvEs AND ACTIVITILS Objectlves And Aetlvfities The Mission Statement Leicester Islamic Academy is an Islamic school and educational centre for the MLLslim community, The very foundation of the school is based on the Qulan and traditions (Surth) of the Holy Prophet Muhammad (PBUH). The school 8C¢S each PLipiI as bcing of equaL worth and deserving of the seh(M)I's ￿t efforts. The school is committed to exc¢llaice. All its members arc ¢ncouraged to realise th¢ir full potential and worth in order to take their place as responsible and contributing members of tbe wider society. School Motto EA￿ll¢nGe Evcryday School Valu Honety Equality Aspiration Resilience Thallkfulne& Attendance en Leicester Islamic Academy ensu￿$ the best for all its puptls to ¢njoy learning and to attend school without missing a day. An action plan has been put into place: this is a wotking document, allows th¢ analysis of attendance and punctuality. Our school's management system { sD￿S) allows us to ¢ontinue tracking and collating attendance data. Authorised absence means tILat th¢ School has either given approva] in advance for a sludenl of compulsory schcM)l age lo be away, or has acccpted an explanation offered afterwards as justification for abscnce. Un4uthorised absence is where the School is not s*isfied with the rea81)ns given for an absence. Number of minutes each individual is lale. This permits us to track the pupil every terni aDd gives us a report wliirh then ean be sl)are d individual parents. Attendance Datalreports call bc printed for pupils with ￿rSIStenI absences allowing th¢ A¢t¢ndance office to arrange eetings with the individual parents. This systcm Ls very beneficial as all this data wa5 manually impu*d by adminlattendance officer. 'Sesgion' is a tcm related to the recording of absence data - every school day must have two 'se5siDns' (morning and afternoon) divided by a break for which attendanee rn￿$t be r￿Orded. At LIA we expect IOO/o attendanc¢ from all pupils including Fl and F2. Exceptions are made wben children are unwell alld we keep accur&e re¢ords of *tendanee of pupils and these records are inspected by various agencies. P2rents/Guardians rnust explain a cbild's absence from school by a letter, a phone call or by visiting the schwl in person. However, although as an Indepetldent Sch(M)l therc is DO official EWO. LIA is in rcgulaT contact with The EWO twn. This has ¢￿$urCd all queries and Concerns for any absences or leavers are passed onlo the L4 in a timely manner. Also updated regulations are passed on immolialcly. Page 2 LEICEsfER ISLAMIC ACAI)EMY Report of the T￿￿teeS FOR TUE YEAR ENDED 31 JULY 2024 Strategies for th¢ promotion of Attendanee: o Everyday Counts! o School starts with Att¢ndance. o Our Attendatt¢¢ Targ& for this year is 960/0. o Certificates and badges for IOOO/o attendance for the individual. o Class certiftcate highest attendance of the w'eek. o Lette￿ sent to parents with their indiNidual childlren's attendance data if below • percentage. Academic Year 202>24 Perlod: 2310812023 to 12107n024 GROUP Whole School Yrl - Yr6 /0 AThELYDANCE 93.3 93.5 DetRiled attendance per class GROUP % ATtENDANCE Nurl 90.9 Rec 92.6 Year I 92.8 Year 2 93.9 Year 3 93,5 Year 4 93.9 Year 5 Yvdr 6 93.1 Average number of Children OD roll for the academic year 23124 i5 347 riculum develo ment and ro es$ A comprehensive and w¢ll-rounded curriculum is what IIA strives to offer. With reference to the school's ethos, IIA has ilnplernented the National curriculum. Children aged 3 to I l arc served by LI￿ Wc uphold die school's ethos, encourage moral. spÉritual, and Islamic principles, and make sure all students are included. Our goal is to gel stttdents ready for adulthcmxfj as contributing members of society as Muslims. Additionally, w¢ want every sludenl to be a succogsful learner who pursu&4 greatnes4 work5 Iwd and with honesty, enjoys education, and is a lif¢long leamer and achiever. Children are taught to rwecl one anothcr, themselves and the community. We have very bigh expectations of our children in terms of their bchaTriour and academic aGhievements. We reinforce high quality teaching througb inviting visitors lo the sch￿1 and lcarning outside the cl&w(KJm, by going on cducatiotjal trips. mic Studies The Integrated blamic Sthdi&s Curriculum created and inte8rateAI into the academic day startii]g in Augusl 2021.Studenls in Years I through 6 start their days with Qaaid&Quraan le&￿￿S, followed by Ahadeeth, Fiqty Aqaaid, Sttral4 I￿a a week_long memorising of duas and surah. The N&sihah curriculum is the foundation of our curriculum. Nonethel￿, educators are supposed to plan cl&sses with a rang¢ of materials, such as the Safar curriculum. Subjects from th¢ National curriculu￿ notably geography and history, are usd lo create cross-CUfTicular wnnections. The le&sons make this clear. Th¢r¢fo￿, comparative Islamic studies strives to promote study on Islam through wmparison between religi￿$ and nOn-￿lIgiOuS variablGg ￿]d disciplines. These skills are transferdble lo other fields, such as poety writin& comparing, and contrasting. Additionally, IS Staff also benefit f￿M using the scbool's ResouTce Banks, which includ¢ Hamilton, Twinkt. and otber Islamic Studies Resources. Page 3 LEICESTER ISLAMtC ACADEMY Report of the Trustees FOR THE YEAR ENDED 31 JULY 2024 GO￿ f h Eth sbasedlessons D¢vclop an awarene&s of the different aspects of their ovln identity and strate8iaS to build a positive, spirituaj belief within themselves. Develop an understanding of the teachings of the Quran and Sunnah (School Mi&sion and Vision). Inspire children to becom¢ global Mus]im citizens and to recO￿lIse th¢ importance of respecting different pery¢¢tives while recognizing the difference between right and wrong. Equip chIld￿n with tbe skills to be able to manage the thoughts and id¢&s and understand the consequences of risk-taking behaviour, es for the Etho Acquire an understanding of the various facets of their own identity and techniques for constrncting a constrnGtive, spiritua] belief system inside themsclves. Encourage children to grow up to be Muslitns who live in the world and understand the value of accepting matly viewpoints while still knowing what is rigbt and wmng. This will enhance them to gain greater self-confidence and self-worth. By It￿rpOrating the le￿nS from the Qurdn into their everyday live5, and developing mental and en]otional toughness by learning the Sunnah and Quranic teachings. Giving ¢bildr¢n the tools they need to control their thoughts 2nd feelings and comptthend the repercussions of taking risks. Increasing their knowl¢dg¢ of the Sunnah's and the Qurdn's t&ichings (Sehool Mi&sion and Vision). By the tneans of leaming fro]n and improving their peopl¢ skills from the world's most powerfijl persory Pri)phet Muhammad (P.B.U.H.}. This will allow them to feel even more motivated to learn about, get ¢xcited aFKJuI, and embra¢¢ their faith! Collective Qa'idah inslmclion - Teachers rnak￿￿ toNJis and wwer point presentations to facilitate group t¢aching of Qa'idaFL This has been canied OUL Teacher5 in KSI are now developing materials and presentatiolls for the entire Qa'idah. Contextualising and connecting seerah to historical them￿. Create seffab qutzz¢s that will help students contexlualise the ev¢nls in the Prophet SAWS life. Individual subject le&son obscrvations will enable the leadership team lo assess areas for iinprovement and progrcss in certain subjects. Additionally, best practices wiu be disscmtnated and used to create subject-specific teacELertrdining programmes. Ntxl gte Recruiting Volunteers to etthance the children's I￿rning and meet ih¢ir individual needs. Creating an IS reSoL￿ce bank for the LIA School that all staff can use. Twiltgbt s¢ssions to bc led by individual IS staff ￿8]ng their stfftigths. (ongou)g) To create Standardised Asse&sment papers for the Islamic Studies le&sons. Rationale. For teachers lo gain confidence. To be able to share g￿d practice For teacherb to b¢ able to asse￿ accordingly to the rdevant year groups. (shadowing schix)l ass&wnents criteria). To allow them to cotLduct study on th¢ subjects they will be speaking abwt. To broaden their own knowledge and inspire oth¢rs. The purpose of this practice is to aid and support our children'5 instruction and academic prO￿esS. The LJA School Motto, 'Excellence Every day." is th¢ foundation for ¢vffjrtkning we do. Th¢ Early Yrars Foundation Stage (EYFS) at the s¢h(KJl Consists of NuTsery (Foundation Stage l) and a Reception (Foundation Stage 2). In this phasA the cbildren follow the EYFS ￿niQU[uIn. The CLErriculum, which w&$ uNlated according lo the EYFS development maters (2021) Cove￿ S￿en areas of learning, Th￿¢ are diNided into Prime attas and Specific ar¢&s,' Prlme Areas o Persona], SOCI￿ and Emotional Dev¢loptnent o Physical Development o CommunicatiorL and Language Page 4 LEICESTER ISLAMIC ACADEMY Report of the Trustees FOR THE YEARENDED 31 JULY 2024 Speclfic Areas o Literacy o Mathematics o Understanding of the World o Expressive Arts and Design In all areas of learni￿ the Islamic ethos and values are implemented and promoted as are the British valuo5. Additionally, cbildren also Teceive a ReligtOLLS Education I￿On and an Arabic l&w)n during their school week. In the EYFS, the FuTthental British Values are promirted througb everyday artivitie5. The fi￿damental British values are promoted by the EYFS curriculum aTJd the Islamic ethos. Thase are linked to th¢ are&s of IcarDing. particularly Personal, Social and Emotional D¢velopmenl and Undetsranding the World. KSIA(S2 Englisls math, scienc4 geography, science (Including 18larnic history), computing, physical educatio￿ art, desig￿ and technology* and PSHEE (personal, social, &eattty and economic edu¢*ii)n) are taugknl to chiLdren starting in Year L, Childrell are taught how lo apply academic infortnation in an ]sIamic framework to theiT daily liv￿ and all lessons are based on Islamic values. Studet]ts also lake weekly religtOUS Lxtucation lessons aud are th¢ouraged to grow in tbeir sense of self and communily. They develop self-respe¢L confidence, and self￿SteeM t])rough being abl¢ to thrive individually within their communities as well as citizens of a pluralistie society and the global Cot]]￿un1ty. They will be able to succe&sfully integrate into the multicultural society a5 a result w'ithout compromising their Islamic beliefs. Within the schcH)I, the MFL (Modern Foreign Language) strands are used to tach Arabic. Lessons that ore creative are alranged according to age. The Qaidah/Quran lessons iT] the morning are enhanced by these lessons for the children. To support students in both courses, tcachers work togethcr with their colleagucs. Fundamental British Valu¢s The fundatnental British values are as follows: o Democt2Cy o Ruleof Law o IndiVidL￿1 Lib¢rty and Mutual respect o Tolerall¢¢ of those different faiths and beliefs The FLlllliamenta] British Vatues ar¢ *tively promoted t￿￿￿ghout the school and are included in our ethos. As an Islamic school, the FulldaMen￿ British Values compliment the valuas promoted by our Islamic teachings. The children are taught SMSC development (Spiritual, Mi)ral, S(Kial and Cultural) which is i]nperativ¢ in proTllOting the Fundamental Britlsh Values. The school embodies demwracy within ils ethos and learning culmre. Religious sLudies lessons promote rw¢t and tolerance for other faiths and beliefs, non-beli¢fs and au fellow human beings. The ￿h0o1 ￿nbed8 the importance of respect for fellow human beings, tolerate differences and to lov¢ all. ICE aiid Citizenshtp lessons promote the importance of individual liberty and the important of the rule of law, as do the school rul¢s. Th¢ VaLU￿ developed at school, will equip children to demonstrate skills and attitudd8 that will allow them lo contribute to life in modem Britain as a British Muslim Citizen. The Fundamenlal British Values and Islamic values a at the heart of ail our Icaching and learning. Page 5 LEICESTER tSLAMIC ACADEMY Report of the Trustees FOR THE YEAR EIYDED 31 JULY 2024 Islamic values atld fundamental Britisb values art prOM￿ed in l￿lSOn so that children may know ttmt they are one and the same. The school teaches the children that Islam promotes unity among all communilies and encourages the chIld￿n to be proactive Muslims who engage within their society and communities for the common good of all of humaiuly. Througli Gitizenship) ¢hildr¢n arc ¢ncourdged to E¢ proactive within their amd then eventua]ly wid¢[ cou)rnunitL&8. Additionally, at LW children have a good leve] of SMSC development (Spiritual, Moral, Social and Culiural). Tbese are learnt through the promotion of the Fundamenta] British Value5 and Islamic Va]ues and etbos of tbe school. Ph tion At LIA we rccognizc thc importance of having both a healthy mind and a healthy body. Therefor4 we introduced sp￿La11Sed sports coaching into the delivery of our PE curriculum Wh￿ cbildren enjoy a creative and engaged lessons. This has been a resounding succogs and both pupils and parents have reported an increa8￿ positive *titude towards sports acliviiies. Alongside this we have included sports provision for all lunch times. Persona hEdu ation The PSHE curriculum revolvas around 3 main 8rn: l. R¢lationships 2. Health and Wellbeing 3. Living in the Wider World These are laughl during timetabled lessons in Key Stage l and 2 through various topics sucb as: Safety FirsL VIPS, BritaiJ One Worl(L Think Positive. In Early Yfars, thi5 is taugbt through tbe Early YeaTS Foundation Frdmcwork, Children are also taught RSE tbrougb the PSHE lessons using the AMS Relationsbips Education CuThicu]um. Holfistlt Learnln and Character Develo ment Enriehment sessions have continued within the sch(K)I day (Friday) for Key Stage l and 2 childraL Teache￿ and support staff are chosen by their strengths skill sets and passions Èn different areas lo lead the sessions. The sessions are as follows.. GardeDing, Debat¢Trubli¢ Speaking. N￿beed5, Arts and Crafts, Sewiug, STEM and Calligrdphy. To a￿L¢b children's, Ivaming furt1￿, w¢ dedicat￿ a whol¢ tCTrn to Enlctprisc. Children were given the bas¢ of strawbctTieS and had to come up with a sellable product at the end of the term. They prcscnted their pnxlucts to a panel of internal and extemal judges. Through this project children were able to gain insighi into the many different job industries enhancing their wider arr and sentence variety, ens uring all students understand the mechanic5 of gcM)d writing. o Conslstent Success CrlterlA: Develop aTKI share writing ￿bri¢S that clearly outline the expectations for different genres of writing. These ¢rit¢ria should be aIigrLed with oational curriculum standards, ensuring stL￿ents know what is required lo achieve at and above the expected level. Rubrics should focus on content, strn¢tLLf4 vothulary? and technical accuracy. o Self fdnd Pe¢r Assessment.. Encourdgc students to ￿e the rnbries to assess their own writing alld that of their peers. This reflective practice will h¢lp them inten￿1$¢ th¢ SUCC￿ criteria and become more critical of iheir worl enhan¢iDg their understanditlg of how t o improve. o External Tralnlng: Selected teachers attend extcrnaI training sessions and wtiling-focused courses, run by lileracy consuliallls and writing specialist4 lo develop skills in teaching writtng. Thcy then lead in-house CPD and focus groups to share best Practi ces ￿roSS the school. o Integrated Writing Opportunities: Encourdge ThTiling in all Sllbj￿t arcas by embeddtng writing tasks in lessons Ewoiid English. For exampl¢, in history, stude￿$ write descriplive accounts of historical ￿ents, wliile in scienc4 Ih¢y might produce detailed reports of e xperiments. Maths: o M&stery-Based Currlculunl: Continue our m&sl￿-baSed approacb to t¢aching matbematics, ensuring that all Students develop a deep understanding of key maihematical concepts before rnoving OJL This is achiev￿ thmugh stNclur¢d lesson planning, clear learninE objective% and the of mani￿lati￿ and visual aids. Fluency ￿lld Rea5ouing Skius: Prioritise the development of fluency iti basic ]nathernatical operations, complem¢nled by an emplM8is on reasoning and problem-solving. tncorporate daily practice of aritb]netic alongside Inore compleA multi-sfrp word p roblems that r¢quire analytical thinking. o Use of Diagnostic & End-(Jf-Topic knsessments: Employ diagnostic ass&ssments at the EKginning of eacb unit to identify learning gaps and end-of-tOPLC &w&sments to identify individual and class-wide understanding, allowing t¢￿h¢￿ to identify strengths and n)isconceptions. Use this data to infomi future planning and PTovide targeted interventions to those falling behind. o TrIathematicRI Diycussions and Exploratiom: Encourage 5tsJdents to articulate their thinking during n]athemalical problem-solviiig tasks. Use strategics lik¢ number talks and c4)1121)Orntive group WOTk to foster a deeper uiiderstanding of mathemati￿1 reasoning. Student Self-Assessment Against Success Criteria: ETwurage students to take ownership of their learning by regularly assessing their progress against pre-defined sUc￿S crileri& Inro]porate reflective practices, such as self-tnarking. o Parental Engagement Programs: Deliver woknhops and provide resources likc knowledge organisers to educate parenls on how they call SLLPPOrt their children with nLathenJatics at home. Provide practical strategies and Imls to reinforce matbemati¢al wncepts . Workin Ith Parents W¢, at Leicester Islamic Academy finnly believe that education is a twi>way system where scbool and parents work I￿lld in hand to ¢nsur¢ that all children dcv¢lop and achieve their best. We have close links with parents wh¢r¢ we keep them inforn)ed about sch(x)I matt¢rs and their childr¢n'5 progress and life at school through homcwork diaries, Par¢nt mail, cla&s dojo messages, school stories and ternily Head teacher letters, parents, afternoons, assemblies and fund-raising events. A monthly coffee Jnorning with the teacher and senior leaders, where parents are informed of upcoming events end achievements. Page 12 LEICESTER ￿SL￿1[c ACADEMY Report of the Trustees FOR TWE YLiR KNDED 31 JULY 21I2A Tn September 2023 In October 2023 - KSI and EY parents Phonics workshop was beld - Year 6 parents were invited to a SATS inforn]ation meeting - Black History week exhibition - Open Morning for rAew and prospecti￿e parents - KS l and EY parents We￿ invited to amaths wothop - Year 6 Parents w¢r¢ invited lo a Mock SATS paper (to get insigbt into how assessments work) - Target setting report was sent out to parents. - Face to Face Parents aftffl)cM)n meetings were held for EY, KSI andd KS2 Parents - Whole school op¢n day was held with Head teacher presentation and scliool tours - Second in sch(KTrl parent meeting for pupils, Progress were held for parents to disc￿8& their progres5 - Parents were Invit￿ for tnternet safety parent workshop - Pa￿rl￿ wete invited for ETrTS, KSI and KS2 ￿?dUatIOn Assembli¢s - Parents were invited for the Annual Sy)rts day event held at Saffron Lane Stadium - End of year reports were sent to P2rents in July 2023. In NovembeT 2023 Ill December 2023 In January 2024 Ill March 2024 In July 2024 LIA Gems Nursery LIA Gems Nursery is registered io take children 04 years old. OUT Curriculum "The E￿lY Years Foundation Stage" is ¢mbedded in our planning for indoors and outd(M)rs io supwrt the learning and devd￿Ment of all children in our care. The EYFS provides o Quality and consistency tn aIl early yffars settiw so that every child n]akas gocMI progress and no child gets left behind. o A secure foundation through platming for the learning alld developm&it of cacli individual child and as5￿5]ng and reviewing what they have ledmed regularly. o P¥rtlle￿hip working between practitioners and wlth parents an(Vor cans. o Equality of opportunity and anti-discriminatory practice, en￿]rill8 that every child is included and supported. Baby RIK)m: Caers for children O to 2 years. In this room babies are supported with their leamiug and development tbrough careful planning of activities and providing an environment that is age appropriatc and exciting. Each child is uniqu¢, they all are a]1 at difiTerent agcs and stage of development. And they aTe supported with their development througi) Prime ar￿ of EYFS ar¢ Physical, Communication and Lang(Lage , Personal. Social 2nd Emotional development. Toddler Room.. Caters for children aged 2 years to 3-year old& buildin8 further on children's develOpm￿la] journey, giving confidence, and providing opportuntlies to fLllther support their lean]ing and development. The Prime areas of EYFS and specific areas of curriculum are supported furthermore. The Pre School: This room supports children from 3 years to 4 y¢aTS old. In this room w¢ ¢twre leaTning is stretched further to develop independence, leaming through first hand experienw ihat supports indi￿aual5 Icarning throu￿ their interests. Communication and language is supported for childTen to become confident speakers, able lo do activitics and decision making in such a way tlwt it encourL¢yes independence. At this stage the children are ready for transition to schiy)l. Oiir excellent staff are all Level 3 qualified and und¢rstand that the management have hiEh ex[￿datIonS of their perf0M￿ce to support ail cbildren according to their individual needs. All 51aff continuously lake part in their professional development through in-house training. attending fatt to face tratning through the local authorities. Islamic ¢thos is efflbedded our curriculum. Each member of staff is delicately and systematically chosen to suit the needs of each room and coch individual child. LIA Gems Nurscry pmvides a unique learniijg journey, which sets. foundations for children's care and early education. Page L3 LEICESTER ISLAMtC ACADEMY Report of tILe Trnste FOR TItE YEAR ENDED 31 JULY 2024 Currently. we have 77 ci]ildren on roll, includtng wrap arou[￿ care. We have a waiting list for next term. Most parents choose to send theiT ¢lJildr¢n to LIA Gems NLll3ery from re￿MEn¢lldatL0￿S of par¢nt5 previously sent their cl)ildren to Future PIan8: - To develop outdoor play area- outdoor resoLLrcas are not in daie aDd are overly used. - To make our driveway mailltain￿ well as this is the only entrance to the nursery. - Have all area where parents can l¢av¢ their push chairs saf¢ly within the school grounds. - Indoor furniture dwtely needs updating lo Sto￿ resource& - 0￿[ce require cabinet that &ryn be locked etLd of the day for confidentiality. Compl&ints procedure There is an 4)proved procedu￿ for dealing with complaints. If parents have an enquiry or a ¢oncm they ￿e encournged to contact the sch￿1 so that tb¢ matter can be discussed with thc Head Teacher and the phase leaders of dch department. In the majority of cases most questions and anxiet1￿ can be d￿t with in this way. How¢v¢r, if omplaints cannot be resolved in this way, then the fomial procedure involvlng the governors can be followed. A copy of the complaints proGcdur¢ 15 available upon request and on our website. For thc academic year 2023-2024 w¢ did not bave any forrn￿ ¢omplaint& L¥ANc￿￿ REv￿w FlnAnelAI Rei4ew A sununary of tbe financial results for the year is set out in the stat¢mthtt of financial activities on page 21 of tlie fll]ancial s¢at¢ments. During the year, tb¢ f¢¢ and other direct clwitable inwme increased by 10.33 /0 to £1,264,097 (2023: £1,145.786) and voluntary income has incTrased to £8,299 (202J £3,009). In addition, other incoming resources of £49,992 (2023: £49,992) has been generated during the year from proNision of ethos services. This has resulted in total iticoming Tcsources iw incr￿￿ by I2.7￿/0 to £lJ51,007 (2023: £1,198,787). Despite the 2bove shown incrff&se in income, an increas¢ in expenditure has meant Leicester Islamic Academy achievcd An overall defieit of £83,565 (2023: £96.854) a8 set out on page 21 of the fmancial statements and the trustees continue to explore ways in wbich the Academy's assets Cdn be bett¢r uscd to generate additiollal income to support COTe activitie4 &s well as providing benefits to the local community. FuruRE PLANS Having succcssfully ¢stabiished the Voluntary Aided S¢condary SchLX)L the tn￿ have made a unonimous decigion to take the school frotn being an indqKtMlent entity to a 5tale-malnta1n￿ school. Work is cuTrent]y being carried out to &chieve this goal. In addition, th¢ truste&8 also actively planning to increaqe thc number of students on N)ll with a view to ill¢r￿e its In¢￿Tre. Over the last fcw years, the school has been actively w0￿1ng lo enhance the holistic dcv¢lopment of all our pupils to fulfil the sch(M)Ifs vision. Due to tbc pmdemic the vision of introducing the Islamic studi&s curriculum &$ part of the schi)ol day was postponed io the academie year 202312024. Parents bave been infomja of thc proposed change in timings and in f¢es Page 14 LEICESTER ISLAMIC ACADEMY Report of the Thjstees FOR THE YEAR ￿ND￿D 31 JULY 2024 STRLTcfuRL GOVERNANCE AND MANAGE￿￿NT Governing do￿￿ellt The Leicester Islamic Academy is a regI￿ered UK Charity and is governed by its Trus¢ Deed executed on 8 D￿ember 1989 &5 aJn¢lld¢d by supplemental deeds dAted10 March 2C(J2 and 21 Novallb￿ 2C￿6. It is an unincorpordted charity and it register￿ with Charity Commi&sion of England and Wa]e5 on 20 March 1990 under charity number 702652. Org&Dis&tioll&l structhre Leicester Islanic ACad¢￿Y was opened in 1982 by the UA Trust and grew rapi(lly to become a large Muslitn school catering for boys and girls betw¢¢n the ages of three to sixteen. In September 2(K)7. the secondary part of the school obtained voluntary aided status and senior PLLpils moved lo the newly created Madatii High School, a PULpose-built school nearby. The Trust retains overall responsibility for the two schools: it owns th¢ LL4 building and provides the Foundation Govemors for Madani Schcx)Is Federalion. There are strong links between LIA and Madalli Schools Federation, but recent changas in the adtnisston policy for voluntary aided sch¢y)Is bave meant that forn]er LIA pupils can no lollgeT be guarant¢¢d a placc at Madani Schwls Federatio￿ though it is still the destination of choice for most parents. The Trust haq delegated the proprietorship of LIA to the school's Board of Governors, many of whom are also tn￿lees, on the condition that tbe school continues to owe in ￿thce with th¢ r¢ligious values and the prdCtico8 as contained in its TTUSt Deed. The Board of Governors Mr. Husiein Suleman Ms. Tabassum Jakhura Ms. Asma Mr. Mohammed Patas Mr. Osman Bawa Mr. Zahir Desai Ms. Zainab Suleman Chair of Governors Headl￿ber Governor Govemor Govemor Governor Governor Sentor Le&dersblp Tethm Mrs T Jakhurd MA (Ed. Leadership), Cmngr, Bcom, Headicdcb¢r As%istant Head IS manager / RE Teacher Busin￿ Manager KSI Phase Leader EYFS Ph￿ Leader Mrs R Razaq MBA BA (Honsl QTS Mr5 A Suleman FDLT Mrs F. Essat BSG { Hi)ns), Ms L. Hasham BA PGCE Ms Asurtee Trustees Musa Suleman Mohamed Hussein Mukadam Anwar Patas Abdulhaq Patel Hussein Suleman Ayub Mahom¢d Moliammed Ashraf Makadam Iqbal D￿1 ADD￿4 SS 320 Lnndon Road L£icester LE2 2PJ Page 15 LEICLSTER ISIAJIIC ACADEMY ktport ol the Trust rok YEARE14DED 31 JULY2024 IIFFERENCE AND AD.MINISTRATnlE DThAllS AvdF(tsr ShMthiDJ Mthtrj SKM Chartcreil A¢iA)untanls S Willcklcy Ctstsrt SYATEMEVr OF TRL￿ThES, RESPONSIBILITIES Tho ttLiStees r¢spotsibl¢ tor pr¢pwing tlie Rep(4t of. fntstee8 and the Sf£ Mtcordat)¢* ivi1tr ppFl¢ibl4l¥wwkt Unil¢41 Km8ikJiitrAccoiiwin¥ SILo"d4th (unit￿ Kingthn fjeneraJlyAvoepted A¢eKikn#l'in8 P"todi¢¢). Tb* l#w #pplithbkt iy th3n"ts¢i in F￿ETr￿* aod. Wal￿. the ebkilloes 4knt 2011. Ch•il.y (A¢00unty.. and Reports) RegubtFons 2008 and thE prov￿1￿￿ t¥f the InL¢ deed rcouire& thv tiILSW t(l"p￿par4 fuithnoial itste6i¢nts for JiDonri41 year wliich giv¢ a kne And f41¢ Flew of thc si¥Ètt of ikffaiFS lif ￿. rlwity attd of the iJ¢omin& ¥e¥ouree* ap.pll¢AtiU11 .*f itrJ¢ludiDg the. ilKiinle yijd ¢I[￿di￿r¢, of tho ¢li&rily thal ￿tiO[L pr¢i)aTmg th05¢ te¥tmithbts ¢eeovn¢ing poli0￿ and thth4pptyt1*Jn"co￿￿tlw. . vbsÈYSvlhomethvd% pnncipltsmi the c1￿￿tY SORP. mAk¢J.udgeme.Jrts ond ￿tIMate$.that ur¢ rrdsouable. atEd IKude41L' slal¢ whcther¥pplicable".accouniing staudards ha¥¢ been follow.el mbjett lp.aiy uM1èii￿ dcpllrfiw¢s.disclose(l ijyl lamcd ioth4fiD4n¢i41 at4temefjts,. ttts ￿￿telli¢D￿ on th¢ ¥(Jlng bats￿ ￿￿¢85 h. Is iJapprop£i4t¢ to Jr¢sw¢ W¢.chaiity iyill lEr.St￿ ￿}.r<￿T￿￿Slh.lty for.'ke4)inE PN¥)er 4CVOQOtins..¥¢cot&* wkicb Uibi!v5e wilh Ke&*>n4bk Ii¢CJYllOy 41 ony,tiine fiDillL'ial positiots of"th# t1￿1ty and to etsable Iheth to tl)at the financid statwneots £¢Jmply with thv Chorjties Aot. 2a1 4, tlw Cknity (A¢'eounts and Repoffs) Reguknti0Th8 .oog wjrl th¥ pmi'isÉons .of th¢ trast deed. 1hcy are 41 ww)siblv fvr %af¢%uaEdrn% the &Rsèts of #nd f4ir taking r&*lL4￿bI¢ stept fv Ihe prevthtiix) dnd (l¢t¢cÉim tsFts*ud 2￿￿ thkKriucguJ4Èities. Appzvy¢J,by nfderof th6.bowd nfIt￿e¢S rn..... .. . .._-..._. --....... 11 Siiiomtt-Tnt&tth Report of the Independent Auditors to the Trustses of Leicester Isla￿le Academy Opinion We have audited tbe financial statements of Leicester L8lamic Acknmy (the 'chaTiIV) for the year ended 31 July 2024 wliiGh coinprise the Statement of Financial Activities, the Batance Sheet. the Cash Flow Statement and notes to the financial statemenW including a summary of significant accounting policies. The financia] reporting framework that has been applied lli th¢ir PTepardtion is applicable law and United Kingdom Accounling Standards (United Kingdom Generally Accepted Accounting Pw¢iGc). In our opinion the financial statements: give a trne and fair view of the state of the charity's affai￿ as at 31 July 2024 and of its incomiDg resources and application of resources, for the year then ended. have been properly pr¢par¢d in accordance wtth United Kingdom Generdlly Accepted Accounting Practice,. and hav¢ been prepaTed in accordance with. th¢ requirements of the Charities Act 2011. Basls for opinion We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and appli¢able law. Our responsibilities under those standards are furthcr described in the Auditors, ￿pOnSibl11t1es for the audit of the fil￿]Ciat statements section of our Tq)Ort. W¢ are independent of the ebarity in accordance with the ethicat requirements that are relevant to our audit of the fmanciat statements in the UK including the FRC'S Etbical Standart alld we have fulfjlled our other ethical responsibilities in accordance with these requiremthts. We believe ti]at the audit evidence w¢ have obtained is sufficient and appropriate to provide a b&5is for our opinion. Conclusions relatlng to golng concern In auditing the financial statements, we Ewe concluded that the tsustees, use of the going concem basis of accounting in the preparation of the fmancial stat￿￿entS 15 appropriate. Based on the worf( we bave performryl we have not identified any material uncertainties Telating to events or conditions thaL individuaLly or collectively, may cast significant doubt on the charity's abilily to continue as a going concem for a period of at le2st twelve months from when the financial statements are authorised for i&we. Our rwotlsibilities and the r￿0￿￿1)illtieS of the truste￿ with respect to going eon¢¢rn ar¢ deS￿ibed in the relevant sections of this report. Other information The trustees are responsible for tbe other information. The other infollnation comwises the llifornlation included in the Annual Repo￿ other than the financial statements and our Report of the Indq)endent Auditors thereon. Our opinion on the financial ￿aternents doc8 not cover the other infor[r￿tion and, except to the extent othcrwise explicitly sLata in our report, we do not expre&s any form of assvrdnce conclusion thereon. In connection with our audit of the financial statem¢nt4 our ￿spOnsIbl]Ity is to read the other inforniation an¢L in doing so, consider whetFLer the other information is materially inconsist¢nt with the financial staleEnents or our knowledge obtained in tbe audit or otherwise appears to be materially misslated If we identify such mat¢rial inconsistencies or appaTent n]aterial misstatements, we are requircd to deterniine whether this giv&s rise to a material misstatement in the fll]ancial statements ttLcms¢lv&8. If, based on the work we bavc p&forne￿ we conclude tbat tb¢r¢ is a material misstat¢mffll of this other illformatio￿ we are requir￿[ io report that fact. We bave nothing to report in this regard. Matters on which we are requtred to report by exception We have nothing to report in respcct of the following mattets where the Charities (ACC(m￿ts and Rcports) Regulations 2008 requires us to report to you if, in our opinion.. the infomiation given in the Report of the Trustces is inci)nsistent in any material r&￿t with the fmancial statements; OT suffLcient accounting records have not been kopl" or the finaneial statcmenls are not in awment with the accounting ￿ordS and returns; or we have not received all the infomation and explanations we Tequire for our audit. In light of the knowledge and understanding of the charity and it's environment obtained in the course of tbe audit, we bave not identifi￿ material misstatements in the trusteeg rq)ort. Page 17 Report of the Independent Auditors to the Trustees of Leicester IsJami¢ Academy Respon$ibllitie8 of trustees As ¢Kplained mor¢ fully in the Statement of Tn￿ees, Rwonsibilitic% the trustees are responsible for th¢ pr4)aration of the finallciai staterrJ¢nls wbich give a true and fair view, and for suth internal control a8 th¢ trustee5 detern]ine is necessary to enable the prepamtion of f￿anCIal statemen¢S that are fire from material mi&staternen¢ whether due to frdud or error. In prepaTing the financial statements, the trusted8 are responsible for a5sessillg the charity's ability to Continue as a going concern, dis¢105in& applicable, mattets related to going cO￿¢¢M and using the going CQDGCrn basi5 of accounting unl¢ss thc t￿￿tee8 either intend to liquidate the charity or lo ce&se operations, or have no realistic alternative but to do so. Page 18 Report of the Independent Auditor5 to the Trustees of Leicester Is]Amie Academy Our re5POnsibiiiti¢s for the audit of the financial statements We have been appointed as auditors und¢r Sec¢ion 144 of the Charsties Act 2011 and report in accordance with the Act and relevant re8Ldations made or having effect thereunder. Our objectives are to obtain re&sonable assurance about whethcr the fmancial statements as a whole free from mateiial misstatement, whether due to frdud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a hi￿ level of asgurance, but is not a guardntee that an audit conducted in accordance with ISA5 (UK) will always detect a rnaterial misstatement whffl il exists. Misstatetnents &qn arise from fraud or emr and are considered materÉal rf, individually or tn the aggrwte. they could reasonably be expected lo influence the economic decisions of users lak¢n on the b&sAS of these fu￿nCIal statements. The extent to which our procedurcs are capable of detecting iTregulaTities. including fraud is detailed below: the engagement partner ensured that the engagcment team collectively had the appTopriate competence, capabilities and skills to identify or recognis¢ non-compliance Thith applicable laws and regLLlations' we identified the laws and regulations applirablc to th¢ compatLy through diScU￿10nS With directOTS and other mar￿SelnenE and from our Commercial knowledge and experience of the compul¢r component manufacturing and supply srttor; - we focused on specific Laws and regthattons which we c￿lde[Cal may have a direct material effect on tbe fmancial statem¢nts or the operations of the company,. - w¢ ass¢&sed the extent of complianGc with the laws and regulations identified above tIJTough making enquiries of managem¢LIt and inspecting legal CO￿espondenCe. and - identified laws and regulations were communicated within thc audit t¢am regularly and the team remained alert to instances of non-complianee t￿￿Ug￿0UI the audit. We assessed the susceptibility of the ¢ompanVs financial statements to nMtuial misstatement, including obtaining all understanding of how fraud migbt ￿eUr, by.. - makillg enquiries of managemettt &¥ to wh¢r¢ th¢y ¢oJ]sidered thet¢ was suscq)tibility lo fraul tbeir knowl&Jge of actual, suspected and alleged fraud,. - considcriDg the inten￿1 controls in place to mitigate risks of fraud and non-COtnplian¢¢ laws and T¢gulations. To address tbe Tisk of fraud tbrough management bia8 and override of control4 we: - perfonned analytical procedures to identify any unusual or llnexpected re12tionship4 - tested journal entries lo identify unusual transactions. - assessed whether judgements and &ssumptions nwd¢ in d¢t¢rminitw tbe ￿￿U￿tIllg estimates set oul in Note I I were indicative of potential bias; - investigated the ralionaie behind significant or uttusuaL tratwctions. tn response to the risk of irregularities and non-compliallce witb laws and regulations, we dG8igncd procedur¢s which included, but W¢￿ not limit￿ to: - agreeing fLnancial 51atemenl disclosures lo underlying supporting d(Kumentatioll; - reading the minutcg of mectings of those charged with governance. - enquirirLg ot managetnent as to actual and potential litigation and claims. As part of an audit in accoTdance with ISAS (IJK), we exercise professiona] judgement and maintain professional s￿ptiG15M throughout the audit. We also: Identify and assess the risks of material mi&stat6Tnent of th6 fillancial statetnent5, whether due lo fraud or aTOT, design and perfom audit procedures r¢sponsive lo those risks, and obtain audit evidence tbat is Slffjcient and appropriate to provide a basis foT our opinion. The risk of not detectlng a material mi&statein¢nt r&sulting from fraud is highcr than for one resulting from error, ￿ fraud may involvc collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Obtain an under5taT)ding of internal control Televanl to the audit in order to design audit procedures that kwe appropriatc iti the circumstances, bul not for th¢ purpose of ￿p￿sIng an opinion on Ili¢ effectivelle5s of th¢ chaTiIVs intemal control. Evaluate the apprOpriatentr￿ of ￿)un11ng polici&s wed and the reasonableness of accounting estimates alld related discI(￿ureS made by the trnstee Page 19 Report of the Independent AlldLtors to ¢be Trust¢e$ of Ikicester Islami¢ Academy Conclude on the appropriaten￿ of the trustees, use of th¢ going concern basis of accounting and. based on tkne audit evidence obtained, whether 2 material uncertainty exisLs Telated to events OT conditions that nTry cast significant doubl on the charity's ability to continue &$ a going concem. If we conclude that a material uncertainty exis￿ we are r¢quir¢d lo drdw attention in our Rwort of the Inde￿dent AuditOTS to the related disclosures ill the financial 51ateJ]ents or, if such di￿lOSureS are inadequate, to m(Mlify our opinion. Our Concl￿810nS are based on the audit ¢videllce obtained up to the dat¢ of our R￿Ort of the Independent Auditors. However, fijture events or ¢oiiditions may caus¢ the ¢hatity'S to cease to continue as a going co Evaluate the overall presentatio￿ sttucture and content of the financial statemcnts, including the disclosures, and whether the financial statements rq)res¢nt the underlying transactions and events in a n￿nner that achieves fair presentatio We communicate with those Cha￿ed with governance regarding, among other matters, the planned scope and timing of tbe audit and significant audit findings, including any sigDifi¢ant (kficienGi¢s in infrrnal control that we identify during our audit. Use of our report This report is made solely to the ¢harity's trustees. as a imxiy, in accordallce with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit wotk been undertaken so thal we might state to the charity's tnLStees thos¢ rnalters we are required to state to them in an auditors, report and for no (rther purpos¢. To tb¢ fullest exlent perniilted by law, we do not a¢¢¢pi or agsutne r&5ponsibility to anyone other than the charity and the charity's tn￿te&S &$ a body, for our audit work, for this Teport, or for the opinions we have fomie¢l SKM Chartered Accountants Pegasus House 5 Winckley Court Mount Street Preston Lancashire PRI 8BU rf,.A- io SKM Accountants (North West) Limited tr￿jeS as SKM Chartered Accounlants Page 20 LEICESTER ISLAMIC ACADEMY Statement of Financial Activities FOR THE YEAR ENDED 31 JULY 2024 2024 Total funds 2023 Total fund UDreslrictcd fund Restritrd ds Not&s INCOME AND ENDOWMENfs FROM Donations and legacies 5.807 2,492 8299 3,009 Charitable acliTrities Educational Servic& 1,264,097 1,264,097 1,145,786 Other income 78,611 78,611 49,992 Total 1,348,515 2,492 1,351,007 1,198,787 Charitable activities Educatiottal Servi¢es I J75,609 2,492 1,378,101 1,047,073 56,471 56.471 54,860 Total 1,432,080 2,492 1,434,572 1,101.933 ET INCOMLI(EXPELYDtruRE) (83,565) (83,565) 96,854 RECONCtLIATION OF FUNDS Total fullds brought forward 3,322.610 3,322,714 3,225,860 TOTAL FiiM)S CARRIED FORWARD 3,239,045 3,239,149 3,322,714 The notes fotrn part of these financial ststernents Page 21 LEICESTER ISLATrllCAC4DLMY Bstl&riet Sheet 31 JtiLY 2024 2024 Tot#l 2023 funds F,IXÈDASSEf3 Yatisibkas8¢ts Npte8 2WQ?01 Fl 2,&57,795 54,542J1 456,345 K1 525,696. AILnwits h￿tit￿. due M4'thrJ year [108w) (10É.439)1_1 (114.670) NY.TC'tsRRENT ASSETS I))TALASSETS LW CURREYr LIABIL:rrffjs 3J22 714 KT ASSXTS 3222,714 Ik&tri¢ied,fith.&* 3,239,ts45 3322,fv0 TTrTAL FUPID$ "q239,149 Ot. 3,322,114 Th£ fth&tsd#i ¥!uteniei7ts lipwov￿ by tbe of Tntst¢ts. . aud were $iSD¢d on Ats behalfty- Th¢ nolr& fonb Katt.(>f dw*fuwicial LEICESTER ISLAMIC ACADEMY Cash Flow Ststem¢ut FOR YEAR ENDED 31 JULY 2024 2024 2023 Notes Cydsh flows from operating activities Cash geneTated from operations (53,582) L21,456 N¢1 cash (used inyprovided by opernting activities (53,582) 121,456 Cash flows from invegting activiti PurchLse of tangible flxed assets (15,771) (4,375) N¢t cash used in investing activities (15.771) (4,375) c1￿1ge In eash 4ud cash equivalents in the reporting perfiod Cash and (Ash eqllivalents at the beglnnlng of the reporting period (69353) 117,081 525,698 408,617 Cash alld ¢ash equivaltllts at the end of the reporllng perAod 456,345 525,698 The notes forn] part of these finallcial staÉ¢m¢nts Page 23 LEICESTER ISLAMtC ACADEMY ote8 to the Cash Floiy Ststsment FOR THE YEAR ENDED 31 JULY 2024 RECOP4CtLIAIION OF NET (EXPENDirirREyINCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 2024 2023 Net (expendi￿rtY1￿eo￿e for the r¢porttng period (as per the Statement of Financial ActiTrities) AdJu5tments for: Depreciation charges (Increase)/decrease in debtOL3 D¢cIC￿ ill creditors (83,565) 96,854 36,865 (651) (6231) 34,863 3,765 (14,026) Net ¢4sh (used inyprowlded by operations (53.582) 12L,456 ANALYSIS OF CHANGES ￿ NET FUNDS At 118123 Cash fjow At 31n124 Net cash Cash at bank and in hatLd 525.698 (69,353) 456,345 525,698 (69,353) 456,345 Total 525,698 (69,353) 456.345 The notes form part of these fu￿nCIal statements Page 24 I￿[CESTER ISLAMIC ACADEMY Notes to the Financial Statements FOR THE YL4R EIYDED 31 JULY 2024 ACCOUNTtNG POLICILS Bas18 of preparing the financial statements The financial statements of the charity, which is a public benefit enlity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to chariti&% preparing their accounts in acconknce with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),, Financtal Reportillg Standard 102 'The Financial Rqx)rting Standard applicable in the UK and Republic of Ireland, alld the ch￿ltieS Ad 2011. The financi￿ statements have been prepaTed under the historical cost convention. A]1 income is recogtLised in the St*ernent of Financial Activities once the cbarity h&s entillement to the fund4 it is probable that tbe income will be received and the amount call be measured reliably. Expendltllre Liabilities are recogntsed &5 exp¢nditUTg as soon as theTe is a lega] or ci)nstructive obligation committing the charity to that expenditure, it is probable that a transfer of econornic benefits will be required in settlament and the amount of the obligation (an be measured rdiably. Expenditure is ￿l￿nted for on an aG¢ruals basis and ha5 been Gla5sified under headings that awegate all cost relal¢d to the category. whe￿ costs cannot b¢ directly attributed to particular headings they bave been allocated to activiti¢s oll a basis consistent with the use of resources. Tall￿ble ￿ed assets Depreeiation is provided at the following ar￿Ual rates in order to write off ¢ach asset over its cslimated usefijl life. kreebold Property - 2/0 on c(kSt Fixtur&￿ & Fittings 150/0 on cost CoD7PUtcr Equipment- 2IP/o on cost Taxation Th¢ chartty is exempt from tax on ILS cbaritsble activitie6. Fund aceountillg Unrestricted funds can be used in accordance with the charitable objcctive5 at the discretion of tbe trustees. Restricted funds can only be used for particular restricted purposes within the objeds of the cIwity. Restrictions arise when specifjed by the donor or when funds are rais¢d for particular restricted purposes. FLUth¢r ¢xplanation of th¢ nature and pulp0￿ of each fund is included in th¢ notes to the financial statements. Pension costs and other post-retirem¢nt benefits The charity operates a defined contribution pension scheme. ContributiotLS payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relat¢. Page 25 continue(L.. LEICESTER ISLAMIC ACADEMY Notes to the y￿9nCIal StstemeDts- continued FOR THE YEAR ENDED 31 JULY 2024 DONATIONS AND LEGACIES 2024 2023 Donations Gift aid 7,549 750 2,259 750 8,299 3,009 INCOME FROM CHARITABLE AcfIviTIES 2024 2023 Activity Educational Services Edu¢ationai Servi¢es Goods and Services Fees Income 70,021 1,194,076 67,295 1,078,491 1.264,097 1,145,786 CHAR￿ABLE AcrivrrIES COSTS Support costs (sec note 5) Totals Educational ServiGcs 1,017,679 360,422 1.378,101 SUPPORT COSTS Govert&qnce costs 'inanG Other Totals Educational Sernices io 357,112 3JOO 360,422 TRUSTEES, RE￿[uNERATIoN AND BEIYEFITS Thcff were no trw8lrts' retnuneration or other benefits for the yw ¢￿ded 31 July 2024 nor for the year ended 31 July 2023. Trust￿, expeDses Ther¢ were no trLEStees' expenses paid forthe year ended 31 July 2024 nor for the year ended 31 July 2023. STAFF COSTS 2024 2023 Wages and salaTies Social security costs Other pension Gosts 938,044 46,344 7,087 769,795 31,777 8,789 991,475 810,361 Page 26 continued... LEICESTER ISLAh(IC ACADEMY Notes to the Finantiat Statements- continued FOR THE YEAR ENDED 31 JtrLY 2024 STAFF COSTS - continued The averag¢ mollthly number of employees during the year was ￿ follows: 2024 45 27 2023 42 25 Teaching Staff AdmiA]iStratioll Staff 72 67 No employees received emoluments in excess of £60,000. cO￿ARATIVEs FOR THE STATEffytENf OF FINANc￿L Acrlv￿Es Unrestricted fund Restricted funds funds INCOME AND ENIM)WMENfs FROM Donations and legacies 3,009 Charit&ble aettvities Educational Services 1,145,786 1,145,786 OtheT income 49,992 49,992 Tot41 1,19Q787 1,198,787 EATEf4DITURE ON CharitabIè aetivitie5 Educational Services 1,047,073 1,047,073 Othei 54,8 54,860 Total 1,101,933 1,101,933 IYET INCOME 96,854 90,854 RECONCILtATION OF FUNDS Total funds brougbt forward 3225,756 104 3,225,860 TOTAL FULWS CARRIED FORWARD 3,322,610 104 3,322,714 Page 27 continued.. LEICESTER ISLAMIC ACADEMY Notes to the Finan¢iai Ststements- conthiued FOR THE YEAR EI4DED 31 JULY 2024 TANGtBLE FIXED ASSETS Fixtur&s Freehold property Computer equipmeut fittings Totats COST At l August 2023 Additions 3,091.776 78,298 50,684 15,771 3,220,758 15,771 At 31 July 2024 3,091,776 78.298 66.455 3,236,529 DEPRECL4TION At l August 2023 Charge for year 262.949 26,295 53,906 5,301 46,108 5269 36?,963 36,865 At 31 July 2024 289244 59,207 51J77 399,828 IYET BOOK VALUE At 31 July 2024 2,801532 19,091 15.078 2,836.701 At 31 JLLiy 2023 2,828,827 24,392 4,576 2,857,795 Included in cost or valualion of land and buildings is freehold land of £1,777,032 (2023 - £1,777,032) which is not deprc¢iate(L The freehold PTopety includes 'Govemors statutory contribution, of £1,952,892 (Land £1,777,032 and Building £175,860) for establishment of Madani Schools Federation (Voluntary Aided), Evington Valley Roa Leieester. io. DEFfoRS: AMOUNTS FALLING DUE wrrutN OIYE YEAR 2024 2023 Trade debtors Othcr debtors Prepayments at￿ accrued incom¢ 11,045 143 43,354 33,125 150 20,616 54,542 53,891 Page 28 ontinued... LEICESTER ISLAMIC ACADEhfY Notes to the Financial Ststements - eontillued FOR THE YEAR ENDED 31 JULY 2024 ii. CREDITORS: AMouNfs FALLING DUE WITHIN ONE YEAR 2024 2023 Trade ¢reditOTS T￿ation and social security Other creditors S,522 8,652 94.265 13,356 6,409 94,905 108,439 114,670 12. MOVEMENf IN FUNDS Net movement in fLLnds At 31n124 At 118123 Unrestricted funds Gep.eral fund 3322,610 (83,565) 3,239,045 Restrieted fi￿lts Needy 104 104 TOTAL FiFNDS 3,322,714 (83.565) 3,239.149 Net mov¢ment in funds, included in the above aye as follows: Incoming r&sources ReyouTces expend￿1 Movement in fi]iids Unrestricted fund8 General fund 1.348515 (1.432,080) (83,565) Restricted funds Restriclcd Fun(Jraising 2,492 (2,492) TOTAL FUNDS IJ51,007 (1,434,572) (83,565) Comparatives for Mnovement ill fiwds n]ovem¢llt in thnds At 31n123 At 118122 Unrertri¢ted funds General fund 3225,756 96,854 3,322,610 R(strirted funds N4xdy 104 TOTAL FUM)S 3225,860 96.854 3.322,714 Page 29 continuel.. LEICESTER ISLAMIC ACADEMY Notes to the FinaneRal Statements- contillued FOR THE YEAR EIYDKD 31 JULY 2024 12. MOVEMENf IN FUNDS. c￿tinUed Compardtiv¢ nct movement in funds, ineluda in the above are as fr>llows: Incoming Resou￿￿8 cxpended Movemait in funds UnrestTiCted funds General fuud 1,198,787 (1,101,933} 96,854 TOTAL FiiNDS 1,198,787 (1.101,933) 96,854 A current year 12 mollths and prior Ye￿ 12 rnonths Combin￿ position is as follows: Net movejnent in fund8 At 31n124 At 118122 Unrestricted funds General fund 3,225,756 13289 3,239,045 Restrlcted fuDds Needy 104 104 TOTAL FL￿Ds 3,225,860 13289 3239,149 A cu￿ent y¢aT 12 tnonths. and prior yw 12 months Combin￿ net movement ill fi￿d5, included in the above are a8 follows.. Incoming rwurces Resources expend Movement in ￿ndS Unrestricted funds Gcn¢ral fund 2547,302 (2,534.013) 13,289 Restricted funds Restricted Fundrdising 1492 (2,492) TiyfAL FtiNDS 2,549,794 (2,536,505) 13,289 Pag¢ 30 continued... LEICESTER ISLAMIC ACADEMY Note5 to the Financial Statements - tontinued FOR THE YEAR ENDED 31 JULY 2024 13. RELATED PARTY DISCLOSURES Leicester Islamic A￿derny Iws a 5crvice level aErt￿ent with Madatii Schoo]s Federation. D￿]ng the year £49,992 (2023 - £49,992) was IEc¢ived from Madani Schools Federation and included in Other Income. Mr H.I Suleman and Mr A Patas are tn]stees of the cbarity alld are also members of the governing body of Madani Schools Federation. The sum of £49,992 (2023 - £49,992) was paid to Dr M.A Makadam who is a trustee of the fjharity for the provision of Imam artd Ethos Services to the Mthlli Schools Federation. This arnou￿ has been included ulldcT Consultancy expenses. Pag¢31 I￿ICEsTER ISLAMIC ACADEMY Detailed Statement of Financial Actliltles FOR YEAR ENDED 31 JULY 2024 2024 2023 INCOME AND ENDOWMENTS Donation8 and legg¢ies Donations Gift aid 7,549 750 2,259 750 8,299 3,009 Charltable aethities Goods and SeThryces Fee5 Incom¢ 70,021 1,194,076 67,295 1,078,491 1,264,097 I,l45,786 Other income Etlios Servtces SuDdry Receipts 49,992 28.619 49,992 78,611 49,992 Totsl Ineoming resources 1,351,007 1,198,787 Charitsble *ctivitie5 Wages Social sccwity Pensions Rates and water Insurance Light and heat Postage and station¢ry Sundrics Books & Resources Training Repairs & Maintenanct Clcaning Accountancy Sch(x)I Insp¢ction Cbarges rr Costs Bad Debis Bookkeeping Copyright Subscriptions Uniforni CoyLs Donations Paid Freehold propety CaTried forward 599,726 30,397 4,240 10,559 17,937 27,759 3,055 795 56,122 4,550 147.569 7,089 1.800 2,720 27,338 17,983 15,232 691 5,080 1,043 2,492 22,933 1,007,1 LO 472254 17,348 5.635 9,510 15,233 27,439 3.901 62,048 3,393 16,605 5,367 1,800 2,720 22,770 7,659 13,778 572 6,388 2.712 22,933 720,071 This page does not fonn part of the statutory fitwicial statanents Page 32 LEICESTER ISLAMtC ACADEMY Detailed Statement of Fillancial ActiTrities FOR THE YEAR ENDED 31 JULY 2024 2024 2023 Charitable aetlrfties Brough¢ fonvard Fixtures and fitliw Computer equipment 1,007,110 5,300 5,269 720,071 5,300 3,268 1,017,679 728,639 Other Con5ultaucy Legal & PTof Other tnter¢st D¢preciat(on of tangible fixed w¢ts 49,992 3,032 85 3,362 51,369 129 3,362 56,471 54,860 Support costs Finance Bank ch￿￿eS io 10 Other Wages Social s￿urity Pension5 338,318 15,947 2,847 297,541 14,429 3,154 357,112 315,124 Guvernxllce costs Auditors, remuneration 3,300 3,300 Total resources expended 1,434,572 1,101,933 Net (expenditureVRncome (83,565) 96,854 This page dors not form part of the statutory financial statemfflts Page 33