LEICESTER ISLAMIC ACADEMY
Financial health, per its FY2023 accounts
The accounts state that the charity achieved a net income surplus of £96,854 for the year ended 31 July 2023, resulting in total unrestricted funds of £3,322,610. The trustees report that the school is operating as a going concern with no material uncertainties identified by the auditors. The charity holds significant tangible fixed assets valued at £2,857,795, primarily comprising freehold property.
What the accounts disclose
Structured financials (annual return, FY ending 31/07/2025)
Trustees
- ABDULHAQ PATEL
- ANVAR PATAS
- AYUB MAHOMED
- Dr MOHAMED HUSSEIN MUKADAM
- HUSSEIN SULEMAN
- IQBAL DESAI
- Mohammed ASHRAF MAKADAM
- Musa Suleman
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/07/2025 | £1.8m | £5.1m |
| 31/07/2024 | £1.4m | £1.4m |
| 31/07/2023 | £1.2m | £1.1m |
| 31/07/2022 | £1.1m | £1.0m |
| 31/07/2021 | £874k | £824k |
Common questions
Is LEICESTER ISLAMIC ACADEMY financially healthy?
The accounts state that the charity achieved a net income surplus of £96,854 for the year ended 31 July 2023, resulting in total unrestricted funds of £3,322,610. The trustees report that the school is operating as a going concern with no material uncertainties identified by the auditors. The charity holds significant tangible fixed assets valued at £2,857,795, primarily comprising freehold property. Its FY2023 accounts were audited by SKM Chartered Accountants.