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← Madni Trust

2025-08-31-accounts

MADNI TRUST

ANNUAL REPORT

For the Year Ended 31 August 2025

REGISTERED CHARITY NUMBER: 1022471

Inside this Report

Contents

Highlights of 2024-2025 ...................................................................................................................... 1 Report of the Trustees .......................................................................................................................... 3 Mission statement ............................................................................................................................. 3 Aims ................................................................................................................................................. 3 Our Vision ........................................................................................................................................ 4 Our Objectives:................................................................................................................................. 4 Community Engagement .................................................................................................................. 4 Our Commitment .............................................................................................................................. 4 Understanding the Challenges: ......................................................................................................... 4 Our Response: Breaking Down Barriers and Building Futures: ...................................................... 4 Our Impact: Cultivating Growth and Community Strength: ............................................................ 5 Jamia Al-Hudaa – Nottingham ............................................................................................................ 5 Aims ................................................................................................................................................. 5 Jamia End of year awards Event July 2025 ...................................................................................... 6 Jamia Ceremony Event October 2024 .............................................................................................. 6 Successful GCSE Results at Jamia Al Hudaa .................................................................................. 6 Improvements to Facilities/Premises at Jamia Al-Hudaa................................................................. 7 Ofsted Inspection .............................................................................................................................. 7 General Masajid Update ....................................................................................................................... 7 Activities and Developments............................................................................................................ 7 Plans for the Future ............................................................................................................................ 10 Financial Review................................................................................................................................ 10 Volunteer Support .............................................................................................................................. 11 Risks ................................................................................................................................................... 11 Reserves Policy .................................................................................................................................. 11 Future Funding ................................................................................................................................... 11 Related Parties.................................................................................................................................... 11 Recruitment, Appointment and Training of Trustees ........................................................................ 11 Arrangements for Setting Pay and Remuneration of Key Management ............................................ 11 Public Benefit ..................................................................................................................................... 12 Reference and administrative information ......................................................................................... 13 Statement of trustees’ responsibilities................................................................................................ 14 Independent Auditor’s Report to the Trustees of Madni Trust .......................................................... 15 Statement of Financial Activities ....................................................................................................... 18 Balance Sheet ..................................................................................................................................... 19 Statement of Cash flows .................................................................................................................... 20 Notes to the Financial Statements .................................................................................................21-33

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Madni Trust Annual Report 2024-25

Highlights of 2024-2025

I am pleased to present Madni Trust’s Annual Report for 2024–2025. This report reflects a year of steady service, practical improvements, and a growing call from our communities for faith, learning, and support.

I have been particularly encouraged by the continued community engagement at Masjid Ibrahim and Masjid Ali (Beechdale Road). The increase in attendance, learning provision, and community programmes shows that these centres are not only places of worship, but living hubs of guidance and wellbeing.

Our Bradford masjid and community centre has become further established, serving a real and pressing need. We remain grateful for the opportunity to serve, and for the trust placed in us by the local community and our supporters.

At Jamia Al-Hudaa, we witnessed another uplifting graduation and awards season, alongside strong academic outcomes. We are also pleased that external scrutiny has recognised the progress and quality of education being delivered, and we will not allow complacency to dilute that momentum.

I would like to thank our service users, donors, volunteers, and—above all—our dedicated staff who carry this work with sincerity and professionalism. We must also be candid: continued growth brings pressure on facilities, accessibility, and safeguarding, and it requires sustained investment and disciplined planning.

This year, we have also strengthened our funeral support, investing in key equipment and dedicated transport so families can be served with dignity and care at a difficult time.

The report that you are presented with covers the period 1 September 2024 to 31 August 2025.

Dr A Zaman Chairman

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Madni Trust Annual Report 2024-25

We are pleased to present this annual report, capturing another year of progress across Madni Trust’s projects— progress that is measured not only in buildings and numbers, but in the quiet, consistent service delivered day after day.

Jamia Al-Hudaa celebrated major milestones this year, including key events that honoured student achievement and the staff who nurture it. With strengthened systems and ongoing improvements, our focus remains on delivering a safe, high-quality education that develops both academic excellence and character.

Across our Masajid, we have seen rising demand for classes and programmes, strong Ramadan participation, and a continued emphasis on inclusion—particularly the

growing engagement of women in events and prayer provision. Alongside this, we have progressed important upgrades to better serve worshippers and attendees.

Looking ahead, our priorities are clear: completing outstanding access and facilities works, expanding capacity where demand is highest, and maintaining high standards of governance and safeguarding. These are not optional ambitions—they are necessities if we are to serve our communities responsibly.

As Secretary, I remain committed to supporting a culture where effort is recognised, accountability is normal, and good work is protected from burnout. Our staff and volunteers are the backbone of the Trust, and their sacrifices deserve more than thanks—they deserve active support.

It remains an honour to serve in this role. I ask Allah (SWT) to place Barakah in every sincere contribution, to accept the service of all who support the Trust, and to grant continued success to the work ahead.

Raza Ul Haq Secretary

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Madni Trust Annual Report 2024-25

Report of the Trustees

Madni Trust was established in 1993, as a result of the low achievement levels in education within mainly the Muslim and BAME (Black, Asian Minority and Ethnic) Community. Its Board of Trustees is made up of several key members from local and national community organisations that represent and serve the community. The Trust has a strong team of dedicated volunteers and employees who are committed to provide the community with the skills, experience and knowledge that are essential for the community’s betterment and improvement.

The Trust is governed by the Trust Deed, executed on 16th May 1993, which does not contain any restrictions that would affect the aims or day to day running of the Trust.

Mission statement

“To provide a positive framework for education, training and employment opportunities for those members of the community that it represents that may be disadvantaged due to cultural and religious reasons”

Aims

Barrier

Many people who have come to Madni Trust have lacked confidence to study at a traditional college or unemployed mainly because of language and cultural barriers. Major factors include:

In order to alleviate some of the above problems, Madni Trust caters for all aspects of employment and education by including the following:

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Madni Trust Annual Report 2024-25

Our Vision

Madni Trust’s vision is a future where high-quality education is accessible to all, without unnecessary barriers. We seek to achieve this by building supportive, well-resourced environments in which learners can flourish.

Our Objectives:

Community Engagement:

Madni Trust’s work is sustained through strong partnerships and active engagement with local and national communities, ensuring our services remain grounded in real need.

Our Commitment:

We remain committed to developing centres with the facilities and governance required to deliver these aims effectively and responsibly.

Understanding the Challenges:

Madni Trust recognises a set of structural barriers that can prevent individuals from fully participating in education and employment:

Our Response: Breaking Down Barriers and Building Futures:

We respond to these challenges through practical, targeted initiatives designed to widen access and strengthen long-term outcomes:

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Madni Trust Annual Report 2024-25

Our Impact: Cultivating Growth and Community Strength:

Across our services, the year’s work has continued to translate into tangible outcomes for individuals and communities:

Jamia Al-Hudaa – Nottingham

Jamia Al-Hudaa was set up in 1996, to meet the needs of parents from the Asian Community. Jamia Al-Hudaa is a distinguished specialist institute dedicated to the development and formation of female Islamic scholars for the United Kingdom and the international community. Many of these parents felt that their daughters would benefit from an institution that offers the Islamic Science syllabus with the National Curriculum. As part of the enrolment, all prospective students are required to pass an entrance examination.

Aims

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Madni Trust Annual Report 2024-25

Jamia End of year awards Event July 2025

The Jamia community marked the end of the academic year in July 2025 with its annual End of Year Awards Event, closing the term with gratitude and clear purpose. The occasion recognised pupils’ attainment and progress across the curriculum, while also affirming the central place of Islamic learning in Jamia life.

Awards reflected not only academic performance, but also perseverance, growth, and consistent effort. Particular recognition was given to pupils whose conduct set a high standard in classrooms, boarding life, and wider Jamia routines—where manners, responsibility, and character are treated as part of education, not an optional extra.

Families attended in large numbers and shared in the moment with visible pride. Many parents also expressed appreciation to trustees and staff for the steady pastoral care and high expectations that supported their daughters throughout the year.

Jamia Ceremony Event October 2024

Jamia Al-Hudaa’s graduation ceremony once again attracted a large audience, gathering to honour the achievements of this year’s graduates and to reflect on the central role of Islamic learning within our institution. Esteemed members of the teaching staff, who have played a key role in shaping the students’ spiritual and academic journeys, shared inspiring words with the attendees.

Their messages emphasised how Islamic principles can be meaningfully applied in everyday life, encouraging graduates to carry themselves as positive ambassadors of their faith. The event served as a reminder of the school's ongoing commitment to nurturing individuals who balance academic progress with a strong, rooted understanding of Islamic values.

Successful GCSE Results at Jamia Al Hudaa

Jamia Al-Hudaa is pleased to report a strong set of GCSE outcomes for the year. Across the cohort, attainment was consistently high, with the vast majority of grades at 4+ and a strong proportion at 5+, reflecting secure foundations across the curriculum. English and Mathematics outcomes were particularly encouraging, and students also performed strongly in Arabic and Religious Studies, where results were a notable feature of this year’s profile.

Alongside academic achievement, all students completed the Spoken Language endorsement at Merit or Distinction, demonstrating confidence and communication skills. These outcomes reflect sustained effort from our learners, the steadfast support of families, and the focused guidance of staff—academic progress and personal development continuing side by side.

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Madni Trust Annual Report 2024-25

Improvements to Facilities/Premises at Jamia Al-Hudaa

Jamia Al-Hudaa’s premises require continuous maintenance to ensure the building remains safe, welcoming, and compliant with the standards expected of a residential setting. Throughout the year, works have been ongoing— covering routine repairs, planned maintenance, and redecoration—much of which is not visible day to day, but is essential. Maintaining the site to the required standard demands significant time and financial resource.

Alongside general upkeep, we continued improvements that enhance both the environment and energy efficiency. A programme of replacing older lighting with LED fittings has been implemented to brighten internal areas— particularly the residential corridors —while reducing energy consumption and improving reliability.

In addition, Phase 1 roof repairs above the residential accommodation commenced in late July 2025 , with an estimated cost of £60,000 . This investment reflects the scale of work required to maintain an ageing building responsibly, and our commitment to addressing issues proactively rather than reactively.

Ofsted Inspection

During the reporting year, Jamia Al-Hudaa Residential College underwent Ofsted progress monitoring inspections (October 2024 and April 2025). These visits recognised ongoing improvements, including strengthened safeguarding practice and staff training, refreshed curriculum resources, and enhanced careers guidance through the introduction of external support.

After the reporting year ended (31 August 2025), Ofsted carried out a standard inspection in September 2025 and judged our education provision to be ‘Good’ . Inspectors noted that pupils are engaged and motivated, relationships between staff and pupils are positive, and teaching is underpinned by secure subject knowledge and high expectations within a supportive learning environment.

This judgement is an important milestone and affirms the sustained work of our staff, the commitment of our pupils, and the support of parents and the wider community. We will use the inspection findings as a clear roadmap—strengthening what is working well and sharpening priorities for the year ahead.

General Masajid Update

Activities and Developments

Across both masajid, this year has been characterised by continuity and steady growth. Congregational attendance and participation in learning programmes remained strong, and the community’s confidence in the Masajid continues to be reflected in consistent engagement, volunteering, and positive feedback. Our focus has been to sustain a welcoming, well-organised environment while gradually expanding provision where demand is rising— particularly for women and girls.

1. Ramadan Activities at Masjid Ibrahim and Masjid Ali

During this year’s blessed month of Ramadan, both Masjid Ibrahim and Masjid Ali (previously known as Aspley Masjid) remained active hubs for worship and community connection. Masjid Ibrahim experienced a noticeable rise in attendance, with approximately 60–70 people gathering each day for iftar. Masjid Ali continued to welcome a strong evening turnout, where 80–100 community members regularly came together to break their fast.

Taraweeh prayers at both sites were characterised by meaningful reflection and consistently high participation. Masjid Ibrahim frequently reached full capacity, with worshippers filling the prayer spaces throughout the month. At Masjid Ali, a particularly special milestone was achieved as the recitation of the entire Qur’an was completed by the end of Ramadan—a testament to the devotion of both the imam and the congregation.

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Madni Trust Annual Report 2024-25

2. Inspirational Programs for Spiritual Growth

Throughout the year, both masajid maintained a steady programme of reminders, circles of learning and community sessions designed to strengthen faith, knowledge and belonging. The focus has been on consistent delivery: accessible teaching, a welcoming atmosphere, and programmes that serve people at different stages of their Islamic journey.

Engagement remained strong, and the feedback we received was clear: the community values regular, reliable opportunities to learn and reconnect. This encourages us to continue developing these programmes with quality and sustainability in mind, so they remain a lasting feature of masjid life rather than occasional events.

3. Women's Inclusion in Events and Prayers

A continued highlight this year was the strong presence and meaningful involvement of women across both events and prayer services. Intentional efforts were made to ensure that women felt welcomed, valued, and fully included in all aspects of religious life within the masjids.

Their active participation served as a powerful reflection of the community’s ongoing commitment to inclusivity and the importance of creating equitable, spiritually enriching spaces for all. This growing engagement not only enhanced the atmosphere of our gatherings but also reaffirmed the vital role women play in the spiritual and communal fabric of our masjids.

4. Educational Offerings and Rising Demand

This year we saw a clear uplift in both the number of classes delivered and overall enrolment across Masjid Ibrahim and Masjid Ali. Demand for Islamic education and spiritual development has grown across age groups, with more community members actively committing to structured learning and ongoing personal improvement.

This expansion is deeply encouraging—but it also makes the need unmistakable. Sustained high demand means we must continue to strengthen capacity, invest in provision, and develop our programmes so they remain accessible, well-organised, and consistently high in quality. The year’s growth reflects a community that is not only attending, but seeking deeper understanding and stronger connection to faith through reliable learning opportunities in both masjids.

5. Enhancing Our Facilities & Future Plans Masjid Ali (formerly Aspley Masjid)

Masjid Ali has continued to serve as a welcoming and well-maintained space for worship and community engagement throughout the year. The carpeting installed previously in both the main and women’s halls remains in good condition and continues to add comfort and warmth to the masjid’s environment, contributing to a pleasant atmosphere for all who attend.

As our congregation grows, we remain focused on addressing the evolving needs of our community. A key priority is the expansion of the men’s toilet facilities, which are currently insufficient to meet demand. We are also planning to install a lift to better accommodate elderly and disabled women and to assist with the respectful movement of coffins to the women’s prayer

hall during funeral services. These improvements will require a significant extension to the current building, and we intend to begin fundraising to support this important project.

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Madni Trust Annual Report 2024-25

In response to community feedback, the public address (PA) system has now been fully upgraded. After taking professional guidance and exploring various options, the new system was successfully installed this year, resulting in noticeably clearer audio for prayers, announcements, and programmes.

While the PA system project is now complete, the remaining planned upgrades represent major development work. We are committed to progressing these improvements in the near future, In Shaa’ Allah.

6. Masjid Ibrahim Aspley Lane

At Masjid Ibrahim, progress continues on establishing a dedicated women’s entrance to the prayer hall. We have now engaged a contractor to undertake the required works, and we are currently in the planning and preparation stages to ensure the project is carried out efficiently. Although some initial groundwork has been completed, further development is required before the permanent entrance can be opened. In the meantime, a temporary entrance remains available for our female congregation. Providing a safe, accessible, and permanent entrance for women remains a key priority, and we are committed to completing this as soon as possible.

In addition to this project, we are also looking into creating an additional washing facility for the deceased. Introducing this extra space will help improve efficiency during funeral preparations and better support families during their time of need. Early discussions and planning are underway to determine the most effective way to deliver this important enhancement.

Masjid Ibrahim continued to serve as a central hub for worship, learning, and community connection throughout the year. Alongside daily prayer and core religious services, the masjid maintained a steady programme of classes and activities, shaped by ongoing community needs rather than one-off initiatives. This consistent delivery has strengthened trust and contributed to a growing sense of belonging among attendees.

A notable area of progress this year has been the continued development of provision for girls and young women. Participation has grown and the programme has matured—moving beyond “running sessions” to building a stable learning environment with clearer structure, expectations, and continuity. This has been warmly received by families, and it remains a key area of focus as demand continues to increase.

7. Funeral Services Update

We remain committed to developing a comprehensive and dignified funeral service that supports families at every stage—from initial arrangements through to burial—delivered with clarity, care and respect.

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Madni Trust Annual Report 2024-25

Plans for the Future

  1. Expand Community Reach : Extend services across all centres to meet growing and emerging community needs.

  2. Tackle Priority Social Issues : Design and deliver targeted programmes addressing drugs, gangs, knife crime and related challenges.

  3. Enhance Educational Provision: Broaden the range of classroom-based courses at Madni Trust and Jamia Al-Hudaa, alongside planned online delivery of core programmes.

  4. Strengthen Jamia Al-Hudaa : Advance the development of Jamia Al-Hudaa as a distinct institution with dedicated leadership, resources and strategic focus.

  5. Widen Access to Education : Where practical, deliver education and training opportunities to diverse communities at local and national levels.

  6. Deepen Community Engagement : Actively involve local residents and community organisations in shaping, supporting and delivering shared objectives.

  7. Provide Affordable Funeral Services: Offer funeral transport and related services on a cost-only basis, supported by dignified facilities for the deceased, including appropriate cooling provision.

  8. Ensure Financial Sustainability: Reduce and repay property-related debt to strengthen long-term financial resilience and support future community development.

  9. Develop Staff Capability: Invest in staff through structured experience, training and development to maintain high-quality service delivery.

  10. Deliver High-Quality Facilities: Complete outstanding building and renovation works to provide excellent learning and community spaces.

  11. Forge External Partnerships: Develop external collaborations to expand the breadth, quality and impact of educational and training programmes.

Financial Review

Income
Donations & legacies
Charitable activities
Investments
Other income
Total Income
Total Expenditure
Other recognised gains
(Deficit)/ surplus
Total Funds		 2025
£
184,678
856,830
153,675
7,189
1,202,372
1,087,863
-
114,509
6,043,308		 2024
£
167,752
731,849
153,517
18,513
1,071,631
1,122,471
-
(50,840)
5,928,799		 Change
£
16,926
124,981
158
(11,324)
130,741
(34,608)
-
63,669
114,509

In the current financial year, the charity's total income has increased by £130,741. This increase is primarily attributable to higher income from charitable activities, which rose by £124,981 during the year.

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Madni Trust Annual Report 2024-25

Volunteer Support

Madni Trust started its ground work when it was first established by the help of volunteers. This volunteer support has helped Madni Trust to achieve its aims and objectives. Without their continuous support, it would not be possible to continue with its activities with such quality and dedication. Over the years Madni Trust has had the help of committed volunteers. These volunteers have been used for various projects that Madni Trust has undertaken. In all the projects that volunteer help was given, Madni trust is thankful and appreciates the help.

Risks

The major risks, to which that charity is exposed, as identified by the Trustees, have been reviewed and systems have been established to mitigate those risks.

Reserves Policy

At 31 August 2025 the charity had funds of £6,043,308 (2024: £5,928,799).

The trustee’s plan is to endeavour to achieve a position where recurring revenue expenditure is met from recurring income and to try to maintain unrestricted funds at a minimum of £500,000 to meet unexpected needs.

Future Funding

The trustees are exploring all possible avenues for fund raising but in the meantime the charity remains dependent upon the support of individual donors and of the community.

The trustees are grateful to all those who have provided their support to the charity in cash or in kind and express the sincere hope that they (and others) will continue to support the important work of the charity.

Related Parties

In pursuit of its charitable objectives, the Trust has entered into transactions with Trustees and related parties. These are detailed in notes 9 & 19 of the accounts.

Recruitment, Appointment and Training of Trustees

The Board of Trustees consists of five to nine trustees and currently 8 trustees form the board. The trustees meet at least six times per annum.

Trustees are recruited in line with section 11 of Trust Deed and may be appointed by resolution of a meeting of the Trustees by a majority of 75%.

All trustees are updated immediately on our current policies as part of the induction, and training courses are made available and done as soon as possible.

Arrangements for Setting Pay and Remuneration of Key Management

Key management have given up their right to a salary based on market conditions. They are therefore paid a reduced salary as it is accepted that some of their time is treated as voluntary. As a result, there isn’t a policy, as such, to remunerate key management in accordance with market conditions.

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Madni Trust Annual Report 2024-25

Public Benefit

Charity Trustees have a duty to report in the Annual Report on their charity’s contribution to public benefit. They are required to demonstrate that:

  1. They are clear about what benefits are generated by the activities of the charity. This report sets out some of the activities undertaken by Madni Trust in pursuit of the charity’s strategic objectives.

  2. The benefits must be related to the objectives of the charity.

All activities of the charity are undertaken in furtherance of its charitable objectives of providing education and training opportunities to disadvantaged individuals from ethnic minority communities, to raise awareness of education and training opportunities available to these people, to assist in the economic regeneration of the Asian community and to support the training of employees of small and medium sized enterprises operated by the Asian community.

  1. The people assisted by the charity must be entitled to do so in accordance with the charity's objectives. The benefits provided by the charity are directed at those individuals and communities identified in the objectives of the charity.

The trustees are therefore confident that the charity meets the requirement of Public Benefit and they confirm that they have taken into account the guidance contained in the Charity Commissions General Guidance on Public Benefit.

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Madni Trust Annual Report 2024-25

Reference and administrative information

Charity Number 1022471
Registered Office The Lodge Berkeley Avenue
Mapperley Park
Nottingham
NG3 5TT
Trustees
The trustees and officers serving during the year and since the year end were as follows:
Dr Akhtar uz Zaman Ghouri (Chair)
Mr Raza ul Haq (Secretary)
Mr Hassan Din
Mr Mohammad Akram
Mr Ali Raza
Mr Mohammad Qasim
Mr Abdullah Ditta
Mr Nasser Ali Zaman
Auditors Accountax (UK) Limited
21 Knightsbridge
London
England
SW1X 7LY
Bankers Natwest Bank Plc
Basford Branch
536 Valley Road
Basford
Nottingham
NG5 1FL
Key Management PersonnelMr Raza ul Haq (Secretary)
Ms Maha Abu-Taha (Head teacher)
Mr Ali Raza (Finance Manager)
Miss Suffia Raza (Head of Curriculum/ DSL)

Approved by the board of Trustees and signed on its behalf

-------------------------------------------------------------

Mr Raza ul Haq Trustees

Date: 04/02/2026

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Madni Trust Annual Report 2024-25

Statement of trustees’ responsibilities

The trustees are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Charity Law requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Disclosure of information to auditor

Each of the trustees has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Approved by the Board of Trustees and signed on its behalf by:

-------------------------------------------------------

Mr Raza ul Haq Trustee Date: 04/02/2026

14

Madni Trust Independent Auditor’s Report For The Year Ended 31 August 2025

Independent Auditor’s Report to the Trustees of Madni Trust

Opinion

We have audited the financial statements of Madni Trust (the 'charity') for the year ended 31 August 2025 which comprise the statement of financial activities, the balance sheet as at 31 August 2025, the statement of cash flows and the notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102. The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the trustees’ annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

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Madni Trust Independent Auditor’s Report For The Year Ended 31 August 2025

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the statement of trustees' responsibilities on page 14, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Auditor responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with regulations made under section 154 of that act.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is as follows:

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: http://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

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Madni Trust Independent Auditor’s Report For The Year Ended 31 August 2025

Use of our report

This report is made solely to the charity's trustees, as a body, in accordance with part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed.

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Ghafoor Ahmad Khattak (Senior Statutory Auditor) For and on behalf of Accountax (UK) Limited, Statutory Auditor

Chartered Certified Accountant and Registered Auditors

21 Knightsbridge London England SW1X 7LY

Date: 04/02/2026

17

Madni Trust Statement of Financial Activities For The Year Ended 31 August 2025

Notes
Income from:
Donations & legacies
2
Charitable activities
3
Investments
4
Other income
5
Total income
Expenditure:
Charitable activities
6
Net income / (loss)
Transfer between funds
Net movement in funds

Fund balances at 1 September 2024
15
Fund balances at 31 August 2025		 Unrestricted
Funds
2025
£
180,277
856,830
153,675
7,189
1,197,971
1,082,948
115,023
(514)
114,509
5,928,799
6,043,308		 Restricted
Funds
2025
£
4,401
-
-
-
4,401
4,915

(514)
514
-
-

-		 Total
2025
£
184,678
856,830
153,675
7,189
1,202,372
1,087,863

114,509
-
114,509
5,928,799

6,043,308		 Total
2024
£
167,752
731,849
153,517
18,513
1,071,631
1,122,471
(50,840)
-
(50,840)
5,979,639
5,928,799

All income and expenditure derive from continuing activities.

The statement of financial activities includes all gains and losses recognised during the year.

The notes on pages 21 to 33 form part of these financial statements.

18

Madni Trust Balance Sheet As at 31 August 2025

2025 2025 2024 2024
Notes £ £ £ £
FIXED ASSETS
Tangible assets 11 3,893,463 3,948,738
Investment properties 12 2,403,136 2,390,425
6,296,599 6,339,163
CURRENT ASSETS
Debtors 13 250,288 251,947
Cash at bank and in hand 192,607 60,455
442,895 312,402
CREDITORS: Amounts falling due within one
year		 14 (696,186) (722,766)
NET CURRENT LIABILITIES (253,291) (410,364)
TOTAL ASSETS LESS CURRENT
LIABILITIES		 6,043,308 5,928,799
NET ASSETS 6,043,308 5,928,799
Income funds
Unrestricted funds 15 6,043,308 5,928,799
Total funds 6,043,308 5,928,799
The financial statements were approved and authorised for issue by the Board of Trustees on ___ and The financial statements were approved and authorised for issue by the Board of Trustees on ___ and The financial statements were approved and authorised for issue by the Board of Trustees on ___ and The financial statements were approved and authorised for issue by the Board of Trustees on ___ and
04/02/2026
were signed on its behalf by;

Mr Raza ul Haq Trustee Date: 04/02/2026

The notes on pages 21 to 33 form part of these financial statements.

19

Madni Trust Statement of Cash flows For The Year Ended 31 August 2025

Notes
Cash flows from operating activities
Net cash used in operating activities
16
Cash flows from investing activities
Purchase of tangible assets
Proceeds from sale of tangible assets
Income and rent from investments
4
Net cash flow from investing activities
Cash flows from financing activities
Receipts of loan
Repayments of loan
Net cash flow from financing activities
Net increase / (decrease) in cash and cash equivalents
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
16		 2025
£
22,818
(38,341)
-
153,675
115,334
-
(6,000)
(6,000)
132,152
60,455
192,607		 2024
£
(37,325)
(346,730)
-
153,517
(193,213)
129,000
(6,000)
123,000
(107,538)
167,993
60,455

The notes on pages 21 to 33 form part of these financial statements.

20

Madni Trust Notes to the Financial Statements For The Year Ended 31 August 2025

1. Accounting policies

1.1. Basis of preparing the financial statements

The financial statements of the charity have been prepared in accordance with the Charities SORP (FRS102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) – (Charities SORP FRS 102), The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011.

Assets and liabilities are initially recognised at historical cost of transaction value unless otherwise stated in the relevant accounting policy or note.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The charity meets the definition of a public benefit entity under FRS 102.

1.2. Income

Income recognition

Income, whether from exchange or non-exchange transactions, is recognised in the statement of financial activities (SOFA) on a receivable basis, when a transaction or other events results in an increase in the charity’s assets or a reduction in its liabilities and only when the charity has legal entitlement, the income is probable and can be measured reliably.

Income subject to terms and conditions which must be met before the charity is entitled to the resources is not recognised until the conditions have been met.

All income is accounted for the gross basis, before deducting any related fees or costs.

Donations and legacies: These comprise all incoming resources from donations and gifts collected directly from individuals or organisations.

Charitable activities: These comprise income generated from the religious educational school, sales of books and boarding and lodging.

Investment Income: These comprise rental income from investment properties and interest receivable and similar charges.

Other Income: These comprise insurance claim receipts and other incidental receipts arising during the year.

1.3. Expenditure

A liability, and the related expenditure, is recognised when a legal or constructive obligation exists as a result of a past event, and when it is more likely than not that a transfer of economic benefits will be required in settlement, and when the amount of the obligation can be measured or reliably estimated.

Liabilities arising from future funding commitments and constructive obligations, including performance related grants, where the timing or the amount of the future expenditure required to settle the obligation are uncertain, give rise to a provision in the accounts, which is reviewed at the accounting year end. The provision is increased to reflect any increases in liabilities, and is decreased by the utilisation of any provision within the period, and reserved if any provision is no longer required. These movements are charged or credited to the respective funds and activities to which the provision relates.

21

Madni Trust Notes to the Financial Statements For The Year Ended 31 August 2025

1. Accounting policies - continued

1.4. Allocation and apportionment of costs

Resources expended are allocated to the particular activity where a cost relates directly to that activity. However, the costs of administration and support are of necessity and apportioned between the activities of the charity.

The charity has no material costs of raising funds hence, all support costs are apportioned to expenditure on charitable activities.

1.5. Volunteers

In accordance with the SORP, and in recognition of the difficulties in placing a monetary value on the contribution from volunteers, the contribution of volunteers is not included within the income of the charity.

However, the trustees value the significant contribution made to the activities of the charity by unpaid volunteers and this is described in more detail in note 8.

1.6. Tangible fixed assets

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold Buildings 2% on Cost Plant & Machinery 20% on Cost Motor Vehicles 25% on Cost Fixtures & Fittings 20% on Cost Computer Equipment 50% on Cost

1.7. Investment Properties

Investment properties are accounted for as follows:

1.8. Financial Instruments

i. Financial assets

Basic financial assets, including debtors and other receivables and cash and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

These are subsequently carried at amortised cost using the effective interest method.

22

Madni Trust Notes to the Financial Statements For The Year Ended 31 August 2025

1. Accounting policies - continued

i. Financial assets - Continued

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in statement of financial activities.

If there is decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

ii. Financial liabilities

Basic financial liabilities, including creditors and other payables are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Fees paid on the establishment of loan facilities are recognised as transaction costs of the loan to the extent that it is probable that some or all of the facility will be drawn down. In this case, the fee is deferred until the drawdown occurs. To the extent there is no evidence that it is probable that some or all of the facility will be drawn down, the fee is capitalised as a pre-payment for liquidity services and amortised over the period of the facility to which it relates.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments.

Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless they are included in a hedging arrangement.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

1.9. Taxation

The charity is exempt from tax on its charitable activities.

23

Madni Trust Notes to the Financial Statements For The Year Ended 31 August 2025

1. Accounting policies - continued

1.10. Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

1.11. Pension costs and other post-retirement benefits

The charity operates a defined contribution pension scheme to the National Employment Savings Trust (NEST). It was set up to facilitate automatic enrolment as part of the government's workplace pension reforms under the Pensions Act 2008. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

1.12. Donated gifts, services and facilities

Donated gifts, professional services and facilities are recognised as income when the charity has control over the item or received the service, any conditions associated with the donation have been met, the receipt of economic benefit from the use by the charity is probable and the economic benefit arising can be measured reliably. In accordance with the Charities SORP (FRS102) time given by volunteers is not recognised. Details of the contribution made by volunteers is given elsewhere in the annual report.

On receipt, donated gifts, professional services or facilities are recognised on the basis of the value of the gift to the charity; a corresponding amount is then recognised as expenditure in the period of receipt.

1.13. Going concern

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

1.14. Critical accounting estimates and assumptions

The charity makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below.

(a) Useful economic lives of fixed assets

The annual depreciation charge for fixed assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and the physical condition of the assets. See note 11 for the carrying amount of the property plant and equipment, and note 1.6 for the useful economic lives for each class of assets.

1.15. Provision

Provisions are recognised when the charity has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

24

Madni Trust Notes to the Financial Statements For The Year Ended 31 August 2025

2. Income from donations and legacies

Donations
2.1
2.1 Analysis by fund
Unrestricted funds
Restricted funds
. Income from charitable activities – unrestricted funds
Operation of Islamic Educational Institutes		 2025
£
184,678
184,678
180,277
4,401
184,678
2025
£
856,830
856,830		 2024
£
167,752
167,752
166,447
1,305
167,752
2024
£
731,849
731,849

3. Income from charitable activities – unrestricted funds

The charity operates Islamic schools, religious centres and community centres. Education is subsidised and parental contribution vary based on the financial capacity of parents.

4. Income from investment – unrestricted funds

Rental income and insurance
Other income		 2025
£
153,520
155
153,675		 2024
£
153,317
200
153,517

5. Other income – unrestricted funds

Others 2025
£
7,189
7,189		 2024
£
18,513
18,513

25

Madni Trust Notes to the Financial Statements For The Year Ended 31 August 2025

6. Charitable activities

. Charitable activities
Wages and salaries
Light, heat and water
Services
Food and supplies
Depreciation
Education and training supplies
Rates
Other property expenses
Advertising, printing and postage
Insurance
Pension
Charity expense (Qurbani)
Bad debt expense
Share of Support costs (see note 7)
Analysis by fund
Unrestricted funds
Restricted funds
. Support costs
Management
Finance
Governance		 2025
£
538,816
142,380
82,378
56,968
80,905
26,685
33,113
21,208
5,131
12,111
3,187
4,915
26,392
1,034,189
53,674
1,087,863
1,082,948
4,915
1,087,863
2025
£
44,433
3,241
6,000
53,674		 2024
£
508,765
164,415
123,773
55,975
79,028
47,167
19,734
42,033
8,229
10,514
5,315
2,024
-
1,066,972
55,499
1,122,471
1,120,447
2,024
1,122,471



2024
£
45,366
2,933
7,200
53,674 55,499

7. Support costs

Support costs include auditors’ remuneration of £6,000 (2024: £7,200)

8. The contribution of volunteers

The volunteers work tirelessly to achieve the goals of the charity and their contribution cannot be measured.

26

Madni Trust Notes to the Financial Statements For The Year Ended 31 August 2025

9. Trustees’ remuneration and benefits

Transactions with Trustees

During the year the charity paid amounts of £18,000 (2024: £24,960) and £11,400 (2024: £11,400) to the Trustees Mr. Ali Raza and Mr. Mohammad Akram respectively. These trustees were employed by the charity before they became trustees of the charity.

No expenses were incurred by the trustees on behalf of the charity during the year (2024: Nil).

10. Employees

Number of employees

The average monthly number of employees during the year was 47 (2024: 43).

Employment costs
Wages and salaries
Social security costs
Other pension costs		 2025
£
522,694
16,122
3,187
542,003		 2024
£
493,940
14,825
5,315
514,080

No employees received emoluments in excess of £60,000 during the year (2024: Nil).

Detail of remuneration paid to the trustees is included in Note 9.

The aggregate remuneration and benefits paid to the key management personnel during the year was £42,169 (2024: £47,799).

27

Madni Trust Notes to the Financial Statements For The Year Ended 31 August 2025

11. Tangible assets
Note
Property and equipment
11.1
11.1 Property and equipment
Cost
As at 01 September 2024
Additions during the year
As at 31 August 2025
Depreciation
As at 01 September 2024
Depreciation charged during the year
As at 31 August 2025
Carrying amount
As at 31 August 2025
As at 31 August 2024		 Freehold land
and buildings
£
5,167,583
14,674
5,182,257
1,232,730
70,957
1,303,687
3,878,570
3,934,853		 Plant and
Equipment
£
156,900
-
156,900
152,181
1,695
153,876
3,024
4,719		 Fixture and
Fittings
£
184,598
10,956
195,554
176,369
7,316
183,685
11,869
8,229		 2025
2024
£
£
3,893,463
3,948,738
3,893,463
3,948,738
Computer
Motor
Total
equipment
vehicles
£
£
£
108,071
17,414
5,634,566
-
-
25,630
108,071
17,414
5,660,196
107,134
17,414
1,685,828
937
-
80,905
108,071
17,414
1,766,733
-
-
3,893,463
937
-
3,948,738		 2024
£
3,948,738		 2024
£
3,948,738
3,948,738
Total
£
5,634,566
25,630
5,660,196
1,685,828
80,905
1,766,733
3,893,463
3,948,738

28

Madni Trust Notes to the Financial Statements For The Year Ended 31 August 2025

12. Investment properties

Cost or Valuation
As at 1 September 2024
Additions
As at 31 August 2025		 2025
£
2,390,425
12,711
2,403,136		 2024
£
2,052,500
337,925
2,390,425

Investment properties were revalued by the trustees who are not a professionally qualified valuer. The methods and significant assumptions used to ascertain the fair value are as follows:

13. Debtors

3. Debtors
Note
Trade debtors
13.1
Other debtors
Prepayments and accrued income
13.1. Trade debtors
Trade debtors
Less: Allowance for doubtful debts
4. Creditors: Amounts falling due within one year
Community loans
Other loan
Trade creditors
Other creditors
Accruals and deferred income		 2025
£
211,048
33,625
5,615
250,288
2025
£
283,444
(72,396)
211,048
2025
£
299,696
101,000
52,658
130,383
112,449
696,186		 2024
£
177,548
47,166
27,233
251,947
2024
£
223,552
(46,004)
177,548
2024
£
305,696
101,000
52,464
139,875
123,731
722,766

14. Creditors: Amounts falling due within one year

Deferred income comprises parental contribution received in advance amounting to £102,879 (2024: 105,947).

29

Madni Trust Notes to the Financial Statements For The Year Ended 31 August 2025

15. Movement in funds - 2025

15. Movement in funds - 2025
Income from:
Donation and legacies
Charitable activities
Investments
Other income
Total income		 General
Unrestricted
Funds
£
180,277
856,830
153,675
7,189
1,197,971		 Total
Unrestricted
Funds
£
180,277
856,830
153,675
7,189
1,197,971		 Qurbani
Restricted
Funds
£
4,401
-
-
-
4,401		 Total
Restricted
Funds
£
4,401
-
-
-
4,401
 Total
Funds
2025
£
184,678
856,830
153,675
7,189
1,202,372

Expenditures on charitable activities:

Operation of Islamic Schools and Islamic
religious and community centres
Direct costs
Support costs
Total expenditure
Net income
Transfer between funds
Net movement in funds for the year
Reconciliation of funds
At 31 August 2024
At 31 August 2025		 1,029,274
53,674
1,082,948
115,023
(514)
114,509

5,928,799
6,043,308		 1,029,274
53,674
1,082,948
115,023
(514)
114,509
5,928,799
6,043,308		 4,915
-
4,915
(514)
514
-

-
-		 4,915

-
4,915

(514)
514
-
-
-
 1,034,189
53,674
1,087,863
114,509
-
114,509
5,928,799
6,043,308

30

Madni Trust Notes to the Financial Statements For The Year Ended 31 August 2025

15.1 Movement in funds – 2024

Income from:
Donation and legacies
Charitable activities
Investments
Other income
Total income
Expenditures on charitable activities:
Operation of Islamic Schools and Islamic
religious and community centres
Direct costs
Support costs
Total expenditure
Net loss
Transfer between funds
Net movement in funds for the year
Reconciliation of funds
At 31 August 2023
At 31 August 2024		 General
Unrestricted
Funds
£
166,447
731,849
153,517
18,513
1,070,326
1,064,948
55,499
1,120,447
(50,121)
(719)
(50,840)

5,979,639
5,928,799		 Total
Unrestricted
Funds
£
166,447
731,849
153,517
18,513
1,070,326
1,064,948
55,499
1,120,447
(50,121)
(719)
(50,840)
5,979,639
5,928,799		 Qurbani
Restricted
Funds
£
1,305
-
-
-
1,305
2,024
-
2,024
(719)
719
-

-
-		 Total
Restricted
Funds
£
1,305
-
-
-
1,305

2,024

-
2,024

(719)
719
-
-
-
 Total
Funds
2024
£
167,752
731,849
153,517
18,513
1,071,631
1,066,972
55,499
1,122,471
(50,840)
-
(50,840)
5,979,639
5,928,799

31

Madni Trust Notes to the Financial Statements For The Year Ended 31 August 2025

16. Cash generated from operations

6. Cash generated from operations
Surplus / (deficit) for the year
Adjustments for:
Investment income recognised in statement of financial activities
Depreciation charged
Gain on disposal of tangible assets
Movement in working capital
Increase in debtors
(Decrease) / increase in creditors
Net cash used in operating activities		 2025
£
114,509
(153,675)
80,905
-
1,659
(20,580)
22,818		 2024
£
(50,840)
(153,517)
79,028
-
(46,534)
134,538
(37,325)

16.1. Analysis of changes in net assets

Net cash
Cash at bank and in hand		 As at 01
September
2024
£
60,455
60,455		 Cash flow
£
132,152
132,152		 As at 31
August
2025
£
192,607
192,607

17. Retirement benefit schemes

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund (NEST).

The charge in respect of defined contribution schemes was £3,187 (2024: £5,315).

32

Madni Trust Notes to the Financial Statements For The Year Ended 31 August 2025

18. Financial Instruments

The charity has the following financial instruments:

Financial assets at fair value through profit or loss

Financial assets that are debt instruments measured at amortised cost
Trade debtors
Other debtors
Financial liabilities measured at amortised cost
Trade creditors
Other creditors
Community loans
Other loan
Accruals		 2025
£

211,048
9,953
221,001
2025
£
52,658
127,795
299,696
101,000
6,000
587,149		 2024
£


177,548

47,166

224,714
2024
£

52,464

78,736

305,696

101,000

7,200

603,096

19. Related party transactions

During the year under review a total amount of £NIL (2024: 38,000) was loaned to the charity by the trustees. As at the year end, the charity owed £103,640 to the trustees in respect of outstanding loans (2024: £103,640), with no repayments made during the year (2024: Nil). The total amount owed to trustees includes amounts loaned of £31,880 (2024: £31,880) from c/o the trustees.

The other related party transactions include trustees and key management personnel remuneration which are disclosed in note 9 and note 10 respectively.

33