LEICESTER ISLAMIC ACADEMY

Charity number: 702652
Charity reporting is up to date (on time)

Charity overview

Activities - how the charity spends its money

THE PURPOSE FOR WHICH THIS TRUST IS ESTABLISHED IS THE FURTHERANCE OF THE EDUCATION OF ALL PUPILS IN ATTENDANCE AT THE LEICESTER ISLAMIC ACADEMY AND OTHER SUCH SCHOOLS ESTABLISHED AND MAINTAINED FOR THIS PURPOSE AND INCLUDING THERE AT THE PROMOTION OF THE TEACHING OF THE RELIGION OF ISLAM ACCORDING TO THE QURAN AND THE TEACHINGS OF THE PROPHET MUHAMMED (PEACE BE UPON HIM)

Income and expenditure

Data for financial year ending 31 July 2023

Total income:
£1,198,787

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Donations and legacies £1.15m
Charitable activities £3.01k
Other trading activities £0
Investments £0
Other £49.99k

Total expenditure:
£1,101,933

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Raising funds £1.05m
Charitable activities £0
Other £54.86k

£0 investments gains (losses)

Charitable expenditure

Charitable expenditure

Some charities generate all, or a substantial part, of their income from investments which may have been donated to the charity as endowment or set aside by the charity from its own resources in the past. Such investments usually take the form of stocks and shares but may include other assets, such as property, that are capable of generating income and/or capital growth.

In managing their spending and investments charities need to strike a balance between the needs of future and current beneficiaries. They also need to take account of spending commitments that may stretch over a number of future years. To do this, charities will normally adopt an investment strategy designed to generate both income and capital growth. To maximise returns trustees may commit to investment strategies for several years.

Investments can experience large swings in value so trustees may, in a particular year, decide to realise and spend part of their charity’s capital or to invest part of its income.

By clicking the investment gains checkbox the charitable spending bar is adjusted to take account of capital growth as well as income. This shows the balance the charity is striking, between spending on current beneficiaries and retaining resources for future beneficiaries.

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Raising funds and other expenditure £1.10m
Charitable expenditure £0
Retained for future use £96.85k

People

67 Employee(s)

8 Trustee(s)

80 Volunteer(s)

Employees with total benefits over £60,000

No employees have total benefits over £60k for this charity

Fundraising

No information available

Trading

This charity does not have any trading subsidiaries.

Trustee payments

No trustees receive any remuneration, payments or benefits from the charity.

What, who, how, where

What the charity does:
  • General Charitable Purposes
  • Education/training
  • Religious Activities
  • Arts/culture/heritage/science
  • Amateur Sport
Who the charity helps:
  • Children/young People
How the charity helps:
  • Provides Services
Where the charity operates:
  • Leicester City
  • Leicestershire

Governance

Registration history:
  • 20 March 1990: Standard registration
Organisation type:
Trust
Other names:
  • LEICESTER ISLAMIC ACADEMY (Working name)
  • MUSLIM GIRLS HIGH SCHOOL (Previous name)
Gift aid:
Recognised by HMRC for gift aid
Other regulators:
  • Ofsted (Office For Standards In Education)
Policies:
  • Bullying and harassment policy and procedures
  • Complaints handling
  • Complaints policy and procedures
  • Engaging external speakers at charity events policy and procedures
  • Financial reserves policy and procedures
  • Internal charity financial controls policy and procedures
  • Internal risk management policy and procedures
  • Safeguarding policy and procedures
  • Safeguarding vulnerable beneficiaries
  • Serious incident reporting policy and procedures
  • Social media policy and procedures
  • Trustee conflicts of interest policy and procedures
Land and property:
This charity owns and/or leases land or property

Trustees

Trustees are the people responsible for controlling the work, management and administration of the charity on behalf of its beneficiaries. Generally trustees are treasurer, chair, board member etc. The trustees are responsible for keeping this list up to date and can do this by updating their details as they happen through the online service

8 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
Musa Suleman Trustee 13 September 2017
LIA RELIEF TRUST
Received: On time
THE LEICESTER ISLAMIC ACADEMY TRUST
Received: On time
Dr MOHAMED HUSSEIN MUKADAM Trustee 31 May 2012
LIA RELIEF TRUST
Received: On time
ANWAR PATAS Trustee 28 April 2011
THE LEICESTER ISLAMIC ACADEMY TRUST
Received: On time
LIA RELIEF TRUST
Received: On time
ABDULHAQ PATEL Trustee 28 April 2011
THE LEICESTER ISLAMIC ACADEMY TRUST
Received: On time
LIA RELIEF TRUST
Received: On time
HUSSEIN SULEMAN Trustee 28 April 2011
THE LEICESTER ISLAMIC ACADEMY TRUST
Received: On time
LIA RELIEF TRUST
Received: On time
AYUB MAHOMED Trustee 28 April 2011
LIA RELIEF TRUST
Received: On time
Mohammed ASHRAF MAKADAM Trustee
LIA RELIEF TRUST
Received: On time
THE LEICESTER ISLAMIC ACADEMY TRUST
Received: On time
Imam Zakariya Academy
Charity reporting is overdue by 98 days
IQBAL DESAI Trustee
None on record

Financial history

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Financial period end date

Income / Expenditure 31/07/2019 31/07/2020 31/07/2021 31/07/2022 31/07/2023
Total gross income £898.70k £1.28m £874.49k £1.06m £1.20m
Total expenditure £839.81k £829.56k £823.57k £1.00m £1.10m
Income from government contracts N/A N/A N/A N/A N/A
Income from government grants N/A £143.50k N/A N/A N/A
Income - Donations and legacies £105.44k £408.44k £874.49k £9.19k £1.15m
Income - Other trading activities £3.84k £5.86k £0 £0 £0
Income - Charitable activities £749.43k £696.80k £0 £999.39k £3.01k
Income - Endowments £0 £0 £0 £0 £0
Income - Investment £0 £0 £0 £0 £0
Income - Other £40.00k £173.49k £0 £49.99k £49.99k
Income - Legacies £0 £0 £27.91k £0 £0
Expenditure - Charitable activities £785.10k £783.79k £0 £940.39k £0
Expenditure - Raising funds £0 £3.20k £0 £0 £1.05m
Expenditure - Governance £0 £3.00k £0 £3.30k £0
Expenditure - Grants institution £0 £0 £0 £0 £0
Expenditure - Investment management £0 £0 £0 £0 £0
Expenditure - Other £54.71k £42.56k £823.57k £60.62k £54.86k

Assets and liabilities

Definitions for assets and liabilities
Own use assets

These are assets, other than investments, which are held for more than 12 months and used to run and administer the charity such as buildings, offices, exhibits and fixtures and fittings.

Long term Investments

Investments are assets held by the charity with the sole aim of generating income which will be used for their charitable purposes such as deposit accounts, shares, rental property and unit trusts.
Investment assets are re-valued every year and included in the balance sheet at their current market value.
Long term investments are held for more than 12 months.

Other assets

These are assets held generally for less than 12 months such as cash and bank balances, debtors, investments to be sold within the coming year and trading stock.

Defined benefit pension scheme asset or liability

This is a surplus or deficit in any defined benefit pension scheme operated and represents a potential long-term asset or liability.

Total liabilities

These are all the amounts owed by the charity at the balance sheet date to third parties such as bills due but not yet paid, bank overdrafts and loans and mortgages.

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Asset / Liability 31/07/2019 31/07/2020 31/07/2021 31/07/2022 31/07/2023
Own use assets £2.95m £2.92m £2.89m £2.89m £2.86m
Long-term investments £0 £0 £0 £0 £0
Other assets £289.31k £258.02k £333.39k £466.27k £579.59k
Defined benefit pension scheme asset or liability £0 £0 £0 £0 £0
Total liabilities £577.96k £60.67k £57.52k £128.70k £114.67k

Accounts and annual returns

This table shows the charity's record of submitting annual returns, accounts and trustees' annual report (TAR) for the last five financial periods.
Title Reporting year Date received Received Download
Annual return 31 July 2023 30 May 2024 On Time
Accounts and TAR 31 July 2023 31 May 2024 On Time Download Open in new window
Annual return 31 July 2022 30 May 2023 On Time
Accounts and TAR 31 July 2022 30 May 2023 On Time Download Open in new window
Annual return 31 July 2021 13 July 2022 43 days late
Accounts and TAR 31 July 2021 13 July 2022 43 days late Download Open in new window
Annual return 31 July 2020 29 May 2021 On Time
Accounts and TAR 31 July 2020 29 May 2021 On Time Download Open in new window
Annual return 31 July 2019 29 May 2020 On Time
Accounts and TAR 31 July 2019 29 May 2020 On Time Download Open in new window
Submit annual return Open in new window

Governing document

Details of the type of governing document the charity has and when it was established.
It is not the full text of the charity's governing document.

DEED OF TRUST DATED 8 DECEMBER 1989 AND DEEDS OF AMENDMENT DATED 10 MARCH 2002 AND 21 NOVEMBER 2006.

Charitable objects

THE PURPOSE FOR WHICH THIS TRUST IS ESTABLISHED IS THE FURTHERANCE OF THE EDUCATION OF ALL PUPILS IN ATTENDANCE AT THE LEICESTER ISLAMIC ACADEMY AND OTHER SUCH SCHOOLS ESTABLISHED AND MAINTAINED FOR THIS PURPOSE AND INCLUDING THEREAT THE PROMOTION OF THE TEACHING OF THE RELIGION OF ISLAM ACCORDING TO THE QURAN AND THE DOCTRINES ON WHICH IT RESTS AND THE OBSERVANCES THAT SERVE TO PROMOTE AND MANIFEST IT, AND THE TEACHINGS OF THE SUNNI (WAY) OF THE PROPHET MUHAMMED (PEACE BE UPON HIM) ACCORDING TO THE HADITH AS CONTAINED IN THE SAHIH AL-BHUKHARI AND THE SAHIH MUSLIM.

Area of benefit

The area the charity can operate in, as set out in its governing document.

NOT DEFINED

Contact information

Address:
Leicester Islamic Academy
320 London Road
Leicester
LE2 2PJ
Phone:
0116 2705343
Email:
admin@lia.uk.net
Website:

www.lia.leicester.sch.uk Open in new window