CHARITY REGISTRATION NUMBER: 1072676 Al-Aqsa Schools Trusl Unaudited Financial Statements 31 August 2025 VER ANT A IATE Chartered accounlants The Old Mill, 9 Soar Lane Leicester LE3 5DE LLP
Al-Aqsa Schools Trust Flnanclal Statements Year ended 31 August 2025 Page Trustees. annual report Independent examine¢s port to the trustees Statemgnt of financial adivities Statement of financial position Statement ol cash flows 10 Notes to the financial stalements 11
Al-Aqsa Schools Trust Trustees. Annual Report Year ended 31 August 2025 Tlie trustees preseiit theiT report and the unaudited fiiiancial statements ot- the charity tOT the year ended 31 Augusi 202.5. Referenee administrative details Reglstered eharlty name Al-Aqsa SchoDl% T$t Charity registration number 1072676 Principal The Wa}'ne Way Leice%ter l.F.5 4PP The trustees Shaikh l NuTgat ITreasuTeil Mr% A Hewitt Mr l B Hcwill (Chairl Coorban Ally Dulloo Dr M I14lam Ali (Appoinred 26 Octobw 20241 Independent examiner Mark Illingi%worih BA FCA The Old Mill, 9 Soar Lane LEi¢e%leT LE3 5DE Strueturei governance and management Cotlstithtlon The chdriiy was ebIl.£hed in 1998 and its operdtions are guided by a Tiu%t Deed wnended. The principle object of lh¢ chariiy is ihe promoiion of full-iim¢ ¢ducaiion by th¢ ¢qtablishmeni of a faiih-ba%ed %chool or schwl.s in and aruund the City of tLicttsleT. The Tw8iee% thai have Served (he charity durin Ihe reriod are %ei oui above.
Al-Aqsa Schools Trust Trustees. Annual Report IcDntinued) Year ended 31 August 2025 Ohjective% and activiti& Th# prinLiple vbjeLI vl the Lharily is the prvtnvlivn uf full-IiTne eduLdliL)n by the e%lablishrnenl vf a faiih-bdwl %Lhvvl r.£chool£ in and around the Cit}. of Leicester. The aitns objective% of ihe ChritY fulfilled by the 0[[1110n of Al-Aqw School al the dddte%s (The w)e Way. L£icester. LE$ 4PPI pmvidin8 I'ull-time edllcation for121 cliildren. Trustees The Lharily's Ituslees. as al 31st August 2025. were fvllvws". Mr Tbrahitn F3rian H¢witi (Chairl Shaikh Ismail Nurgal ITreasuFerl Mr£ Abedd Hewitt [BUar) Coorban Ally Dulloo Di" Moksudul Islam Ali las trom 26 OctobeT, 20241 Hon. PaiD)n". Shaikh Tijani Gahbi¥h¢ Joini m¢eting% w¢r¢ h¢ld by (he Irusie¢% wilh the gov¢mor% %0 as to r¢du¢¢ th¢ n¢ed lor qo many m¢eiing%. as th¢ IrusleEs form the Lvre of the ¥vvernin¥ iK)dy. Where neLessary. Ihe Iruslee5 mel dlvne befuTe vr rIe[ juinL meelin¥s Iv degl with canfidential. 4trictly trlltee busine. Meetill&4 can and did take place anline. Three Ineetine% were held durirtg lh¢ academic year 202412$. The W3yn¢ Way sites th¢ coni¢iits th¢rein ar¢ th¢ only a.¢ own¢d by Al-Aqsa Schools Twst. S¢hool structure The bchuvbTru%l %lruciure temain% Lhal Ihe Bu ol'Tiii%iee% ha% le¥1 Te%pL)n%ibilily fur Ihe VE[(111 vf Ihe Tru%1 strategic planning. The Board entrusts ilie day-to-day atfairs of the charity and school to the Head Teacher. who r¢porits to IhL Trusi¢Lb. ThL bursar (also a IrubtL'¢l is of IhL SLnior L¢4d¢rship Tcani ISLTI of th¢ b¢hool #nd participaie8 in SLT rneelings whenever pos%ible, althvugh she WOTks reTnotely. ThTee tru%tees are empowered lo have access to the Chal.$ oiiliiie banking facilities. The Board of GovetnoT£ is b&£ed around the trustees as ex ofticio metnbers wilh ihe balance ol. the board beiiig made up Df 8tsff and parents well as a repre%entatiN'e of the local community. Joint mtttings are held whenevei. pO1b]e, with the prvvi%u Ihdl Lvnfidenlidl Ituslee is%iie% aTe dedli with eiiher imm¥didiely before vr afier the jvinl tne#iin¥. Meeting£ are usually held oiiline to accommodate iiiany attendees as po££ible. A% a Tegi%lered Lhcltily, the Tru%lees hcive in place %afegucird% lo en%ure that no financial it[egulIlle% should be able lo Ike place. illsha'Allah. The 8ener31 procedure lTrr all financial transactions is that pa)rynent£ are made unless and until a bonL fid¢ invoicl is fL¢¢ik¢d or. in lh¢ cab¢ of Cipcnditurc agrL¢d In advance. a rLc¢ipt (or payincnt is pr(Klue¢d by Lhe pei%on 'ho ha% tndde tlie purcha%e. Huwever. iL mii%t be noted thai dll [lIY Lash iran%aciiDn% mu%1 dl.%u be approved and recorded by the Head Teacher iio matter how 8mall the amount. Wheii Structural Dr other ork has to be done 10 Ihe 4¢hsxJl buililing. ur bulky iiem% have to be purehu*d. quotstions are %ought and the besi value Inoi necessarily the cheapest) quote is generally used. A sEniVI tne]nbei uf stuff iemainb de5jgTtCd ab GDPR and Exdmindlivns olLer lu ensure LvmplianLr with lebTal requirenients regarding security of data. The school pays ali annual amount to the Informatioii Coiiimissioner's ottice ¢0 regisi¢r our woce5sing and us¢ ol p¢rsonal data in a¥wrdanc¢ with th¢ Daia Proi¢¢iion A¥t. On¢ full-iiine 2nd on¢ pth-Lime depuiy head weie in plaee LhTvughuul Ihe a¢&dettuc yettt. Risk m¥Lnagement
Al-Aqsa Schools Trust Trustees. Annual Report IcDntinued) Year ended 31 August 2025 Tlie cliarity continued to have relev1 operations policies and prLKedures in place. All signiticant activiiies und¢rtak¢n ar¢ .subjwt 10 a risk rei'i¢w pan of the iniiial project ass¢qsin¢nt and implementation. Major risk.F 3r¢ iclenlil'iecl ancl [ked in ietm4 vf Iheir polenlial impacl. The I%1¢g5 itleW Ihe ribk% cin vnguin¥ babi5 ancl kili.%ly themselNes that adequate systeiiis and procedures are in place to manage ihe risks ideniified. Where appropriate, nsks are ¢ov¢red by in%uran¢c. Health & Safety and Sultablllt) of PremLses Al-Aq8a School aim% to provide and maintain a safe healthy environmenL for all u%ers where the prerni%e.s and ¢quipmeni are mainiained saf¢ly. and are inspeci¢d ttgularly. Eniploy¢¢s are shown sal¢tJ' proc¢dur¢s and risk and Nign dnnually 10 %how lh¢ undeThlandingtr of ruleb dnd tt.bpon%ibilili¢s. Thc school's firc 9),5mS arc w¢ll rnainiaincd.. fir¢ pancls arc ch¢¢kl on a daily basis.. firc alami poinis arc I¢Sl¢JJ on a wettkly ba%i%'. emer¥ttncy lighiingT 1% le%lecl vn a tnvnihly bd%i.b-, ali external s1ClaI1£t coiiipaiiy on an aniiual basis. A tennly lire drill take.£ place enUre that all [Udenl£, including nurs¢ry ehildr¢n. and siaff know th¢ pro¢¢dur¢s and IallOn of Ihe asseinbly poini. The hoI 113$ h>l)rid lie3till? sy%teins. Gas bDiler4 are qerviced 3nnually hy Gas.Safe accredited en8ineerq. Oil boiler SV51ern are berviced annually by a speLialisl Lompany. Wgter sysiems gr¢ checked on a r¢gular basis. Any risks are Initioaied by temperatur¢ checks and di%infe¢ting taps and shL)wers. A r¢eord is k¢pi of th¢ locaiion of asbestos around Ihe school and regular cheeks ar¢ carried oui 10 ensure Ihat li is safe and undislurbed. The kitchen in Ilie secondairy biiilding was renovated having been out of use for a nutnber of vears. Tile inteiiuon to briiig it back iiito use .£oon a% pos%ible to provide hot lial optioii% tor purch&%e by pupi14 and siaff a¢FObg Ihc school. Chccks arc bcing arran4ycd by IhL I] auihoriiy 10 cnsurc Ihat all r¢gulaiions arL compliLd Annual ontsile PAT l¢Sling is uarried oul on all clceirical ¢4uipmcni. Thc fivc-ycarly fixcd EICR clccirical ie61 is CrIed oui by a ScIaliSt company. Pupil Pupil ttumbeTh ai Ihe end of Ihe academic year 2024125 blood ai 295 (Primary and Early Years 213 plu% Secortdary 821. The student school Council reinains an gctive pan of school life and ih¢y hav¢ dir¢J g¢cess 10 d¢¢i%ions froin SLT.
Al-Aqsa Schools Trust Trustees. Annual Report IcDntinued) Year ended 31 August 2025 Achievements and perforniance IL%2.4ATs Results Kcy Siagc 2 SATS R¢sulis Summary 2025 School N3tion31 Redding GPS Maths 91% 91% 91% 75Qkn 74% 73% GCSE Results Summer 2025 Tn the 20241202.f ae8demic yedr. Al-Aqsd Schnol returiied to delii?ering out%tdiiding re%ult%'. 80% of smdenL% achieved fivc OT morc GCSES ai gradL' 5 or abovc. incluJing English and fvfaihs. This marks a reiurn 10 lh¢ siandard achiLved in the years leadiiig up lo 2U24. Al-Aqsa School reiiiains signiticantl}' abOe the n£ilional a%'eTage of 45fj, dem0115trating the .£choOl. Su.taIned ability to deliver high &cadeniic %tanddrd8, particularly ill a context of limited funding and rcstsurces. Subj¢ci-l¢i'¢l pwforman¢¢ was %in)ng aero%% th¢ EK)ard. In Sci¢n¢¢. I)% of siud¢nis aehi¢v¢d a Lrrad¢ 5 or high¢r". in MiiihetnaliLs. 8U% reached t least a ¥rade 5, and in English Lileriilure. 80 diidined ¥rdde 6 aVe. with 8U. %ecurill8 at le&%t 3 grade 5 Eiigli%h Language and Litei'ature combined. In Reli8iDU.4 Educ3tinn, R7% Df %iudents a¢hi¢ved grade.% or high¢r.' lik¢wise. l(YJ4. in Art aiid 56% in Cotnputing. wh¢rea% Hi%iory resulL£ %aw 80% a¢hievin grade 5 or higher. In Arabic. 43fo of the students whu sal the exam aLhieved a gTnde 5 ur abuve. These outeome% refleci rhe hard work of boih %iaff and pupil% and demon%iraie Ihe.school'q ongoing commiimeni 10 118 chantable aim.. prowidiiig liigh-quality. values-driveii education that equips leaniers with both academic excellence and %trong moral ¢har4i¢r. Continuing Professional Development ICPDI Al the beginning of every deiL year, all %iaff ke part in twu INSET dajs befure Lhe children return to.bchool. During the cour.£e nf the academic year the schDDI the equii'alent of a further 3 Dr 4 made up by after- SLhooViwilighi %e%%it)n% and t)nline tTdinin¥. Siuff ¢onlInu 10 Idke PdTI in CPD pwgrammes, whi¥h wer¥ held by th¥ IvLal authvrily and the AssuLialivn LTrf Muslim SLhuuls UK. In-hvuse l[InIng .5 alsu fur ptimary and swondary siaff. central log is Maintained of all staff trajning to en.£ure that gulationS concerning fire marslia]£, fir£t wd, saf¢8uarding. ete. dre met. Additional members (>f .£taff were trlled to act a% De£i8nated.Sale8uardin8 Leads ID.SL%l. School Poli¢ies SiJlulvtv. t¥Lvintnended dnd gienerdl puliLigs all di'dilable t]UeSt fD)m the SLhvul uffiLe. Somg arv dNdildble on the Ecliool website. A[hdLi17[Ih, %0 thai PEnt4 dnd others have accefj% io them. Policie% Tei'iewed on a regular basis 10 mak¢ sur¢ Ihai they siill fulfill regulatory r¢quir¢menis and ih¢ ne¢ds of Ihe school. Community Links Links with Ial slate and independent schools were maintained. Tlie head leachei" Inet with colleagues fiDm Muslim %chools locally and nationa]ly, and ho%ted n]eeting% ot the A%SLtioll of Muslim SchLN)l£. At a tru£tee%' level, the hair was in iou¢h wilh Ihc ehair of Leicibicr Islamic Academy and oiher sch(x)Is. as wcll as lh¢ hLad of Ihc siaic SeCondry sch[1 located closesi to Al-Aqsa School.
Al-Aqsa Schools Trust Trustees. Annual Report IcDntinued) Year ended 31 August 2025 Various special assemblies were held over the year as part of the schwl's "British VUes, programme, including R¢membran¢¢ Day in Noi'¢inb¢r'. Chri%iinas and E&Ft¢r.' and St G¢org¢'s Day. Representatives of the school management attendal cornmunity-b&£ed events and progr3mme8 at other 8chml& in the area. and repres¢ni¢d tht school at local funciions to build and mainthin bridg¢s with ih¢ wider coinmuKity. Lillk. with the local Prevent teaiii were maintained 2nd relevant trainin8 completed by all member.4 of staff to en%llre awar¢nLbb or rol¢s and r¢sp)nsibilitiL5. VtsItsISch(pol Trfps Pupil% acio%£ ilie school continued to benefit trom visitors who shdred tiieir eKpeTience, faiih or 8kill£ in 8pecial assembli¢s. Links wer¢ mainiain¢d Willi th¢ Leic¢si¢rshir¢ Fir¢ & Rcs¢ue S¢ri'ic¢ aTid Iwal wlice officers 'hO allended the school and piesented awneSS as&eiiiblies to the students. An alumna fiom Cambtidge Unii'ersity delivered a eSsiOn oli how LO succei£tullj apply to Oxbndge. Pupils continued to hai'e access lo the council-owned bul now community-TUll ball court on the properly neAt dooT to the.%chool, 'hICh w98 also used for events sllch the KSI and %econdary girls sports da. Our stlldents have been geiung eiigaged in loc9] projects to Support the [lal coniiiiiiniiy centre dnd food bank. EduLalivndl irips were ur¥anibed ILTr Lhe Naiional SpdLe Cenlre. Ihe LeiLfbler Ilulanicdl Gardenb, Lhe New Wdlk Mu%eum, tlie Sea Life Cenu'e in Birminghain, and Twin Lake%, all linked to cui'riculiim topic%. Careers Week C[.% adviLe wa% given 10 %e¢ondary piipil% Ihft)ughoui the year 'Ith work experience pla¢emenl4 0*Aled for Year IU girls in conjunction with the Leicestershire Education Business Company Ltd. 'EnLeTpnse Week" was held for piipils its organis¢ a full da) % prograiiitne i(Tr %howias¢ their kntswlcdg¢ and skill% and oai'c Iheiii an opportuniry 10 wn busineb% fvr and aLiempi lu mdke a prufiL Lheii- ided%. The 4ludentb wurked fur tndny iveek% I'urmulalillg a business plan. creating logos and marketing materials, seeking iiivestinenl, pUhs)g products, presenting their bu%in¢%% finully %¢lling th¢ir war¢g. Financial review The principal Income Sources were school adniission fees, £518,ID8 (net ot VATI {2024.. £571,4111 and the fllnding provided by NEG for 3-5 year old8 attending the School, L907,08912024.. £214.5221. Tlie net income for the year amounted to £106,283 1?024.. £82,316). Gro£.£ income ha4 incre&8ed to £977,744 12024.. £888.7131. Total Fllnd£ incre&sed by £106.283 Jn the year, giving a total I"und£ carri&l forward of £892,491. All these funds are unrestrict¢d. The financial aiiiis of the Trn%tee8 gre tn ensure the schnol continue% tfi nieet it£ %tated ohjective£ and ta achieve this nd minimise risks-. t the te¥ulT Meetin¥ Lhg fInncId1 infurmaiiun is le.¢ and aLIILlnS where neLessary. The Trust¢¢s consider tliai lh¢ financial performance Juring the year and ih¢ level of funds held ai .31 Augusi 202.1 means that the ChltY is financially secuTe Iv meet il'& vbjectives.
Al-Aqsa Schools Trust Trustees. Annual Report IcDntinued) Year ended 31 August 2025 Plans for future periods Tlie developmellt of the School establi%hment for children from the age of 3 to 16 tollowing a curriclllum which pr¢par¢s IhLm for li(c in Briii$h S0¢i¢ly as )'oung Muslims aware of IhL iL'ncig of IhLir faiih and conseieniious ciliLerts 1% the ongoing long-tenn cllm. Rd]%ing and Lintlning eduLalioniil %iandaTd% Ternain.% a key PL ot thi% developinenl. 2% IS the maintenance and impmvement Trf the physical envirTrnment. The h0o1 i% hou%ed in building% which dte bc1ck more than l JO ye, %0 fund-rai%ing tor In]proN'ements iepaii main¢d ongtsing. Building projecis and pr¢mi%es improvement% und¢riak¢n during the ye4r included a new s¢curiiy renee around both siies funded by a generous gTani (rom the Home Office. A full.lim¢ pr¢mises officer ¢nsur¢d thai healih and saf¢iy issue8 linked io th¢ pr¢mises were deali 71th as a priority. The trnstee' anllual report wa£ aPp)ved on 18 June 2026 and Signed on belialf of the board of trustees by.. Mr I B Hewitt Ichciirl Truqtee
Al-Aqsa Schools Trust Independent Examlner's Report to the Trustees of Al-Aqsa Schools Trust Year ended 31 August 2025 I repoii io the trusttts on my exaiiiination ot- the tinancial stateiiienis ot- Al-Aqsa SChIs Trust I'the chantyl for the
¢ar ¢nd¢d.31 August 2095. Responslbllltles and basls of report A% the Itu%tee% of the chatily you re%n51ble foi the prep11]0 of the financial %lalemenl& in CordnCe with the requiretnellLS nf the charitie. Act 21111 I'the Act'l, as amended by the Chgritie4 Act 2022. I report in re%pecl of niy examinciljon ot the chily'S tincliiCid] siatements Ccyried out under %eclJoii 145 ot the 2UI I A¢1 and in carrying oui my examination T hav¢ followed all lh¢ ai)plicabl¢ Dir¢¢tions gii'en by tli¢ Chatiry Commission under seciion 14515}Ibl of Ihe Aci. Independent examiner's sthtemetht Siiice the charity s gro.££ iiicoine exceeded £25a,fflo your exaiiiiner mu£t a member of a body li£ted in £ectJoii 145 of th¢ 2011 Aci. T confirm Ihai l am qualifi¢d 10 und¢riak¢ Ihc cxaminaiion 'aUS¢ l am a mcmbcr of lh¢ Inslitui¢ of CharteTed Accouiitants in Englaiid and Wales IICAEWI, which is one of llie listed bodies. I hav¢ Lotnplcicd my cxaminaiion. l Confirm thai no maicrial maii¢rs hav¢ comc 10 my aiieniion in COnnlI0n wilh Ihc examiiiation giving Ine cause to believe that iii any inateiial respect.. Lounling Tel[d5 were kepi in restLI LTrf the Lharily a& required by beLiiL)n 110 uf the ALI". vr Ihe financial biaiemeni% do ttoi accord with Ihose recordb", or th¢ finan¢i31 staiein¢iii% do not comply 1th th¢ applicable I'equireiiienis concerning the form and cont¢ni ol acLOUni4 bei tsul in Ihe Chthiie% IAccuunLS and Report%) Regulaiion% 2008 oihei Ihan any tequitemeni Ihat the accounts give a 'lrue and fairf view which is not a matier consideTed as part of an independent ¢xainination. I have no concerns and have come across no other matters in connection with the examination to which attention bhould b¢ ar'n in this rLpori in ordLr to Ln#bl¢ a prop¢r undLrtstsnJing of Ihc aceounts to . rcachLd. 181001?0?fj Mark Illingswurth BA ICA Indendent Examiner The Old Mill. 9 Soar Lane Lcicesi¢r LE3 5DE
Al-Aqsa Schools Trust Statemenl of Flnanclal Acllvltles Year ended 31 August 2025 21125 2024 Unrestri¢t¢d rund%Re%ltieied fund Total funds Toial fund Note InLume enduw]nents Dunalivn% cind legdLies Charitable activities 20,114 905.677 35,750 53,8fA 905ffj77 2.0 8x6,713 Tots)l income 925.791 35.750 961541 888.713 F.xpenditure EKp¢nJitur¢ on chariiablc aciivillcs Total expenditure 855.258 855 J58 8ffi.397 855 •58 8532511 8(hS,397 Net inco]ne 70.533 35.750 Ilb6283 82.316 Transfers between funds 1.35.7501 Net movement In funds I1.28.3 106 283 Reconeiliation ol lunds Toial furtds brought fon¥ard Tntal fund4 carried forward 786.208 786208 702.89? 892,491 892,491 786 •08 The %iaiemerti of financial aciiviiies in¢lud&b all a]ll* and lo%%e4 re¢o(ynibed in Ihe year. All income and expendiliiiE derive from continuing activities. The notes on pages 11 to 18 form part ot these financial statements.
Al-Aqsa Schools Trust Statement ol Flnanclal Posltlon 31 Augusl 2025 2D25 Not• Fixeil assets Tangible fixed assets 13 569517 556,979 Lurrent assets Debtors Cash ai bank und in hand 14 26,6YJ 541,1)93 28,189 429.404 567,723 457,593 Lreditors: amouJ]ts falling due within one year 15 244,749 228,364 Net eurrent assets 322,974 229,2?9 Tntai assets less current liabilitie5 892,491 786 908 Net assets 892,491 786,208 Funds (bf the charity UnreFtri¢t¢d fund% 892,491 786.208 Total charity fund5 18 892,491 780 •08 These financial siatem¢nis '¢re approv¢d by the tx)ard of ¢rusi and auihorised for issue on 18 Jun¢ 20?6. and ar¢ sibTned un behdlf vf the buard by-. Ytt*4lBB-FtFb-gEÉI-wl•bbE¢bi¢?iiÉ Mr l B HLWIII (Chairl TtUSEee The notes on pages 11 to 18 form part ot these financial statements.
Al-Aqsa Schools Trust Slatemenl of Cash Flows Year ended 31 August 2025 2025 Cash flow5 frojn operating actiiities Nei inconie I(h5,3 82.316 Adju.FIFnentsfor.' Depieciation ot tangible tixed assets Goi'cmfticnt LtrraL incoTn¢ AccTlled lincomellexpenses 29,1.32 135,7501 15471 28.908 9,353 Cknnges in.. Tilde and other debto Trad¢ and oth¢i' cr¢diior. 1,559 16,932 16,?421 25.400 Cash generated from operaiions 117.fi09 139,715 Net c&sh fmm operatin8 activities 117,th)9 139,7_35 Cash nov's from inYestinR activities Purchas¢ of tangibl¢ ass¢is Nel Ld%h u%e41 in InelIng LI1vILle 141,6701 15.2281 141.67111 15 ?281 Cash now5 fro]n finRncing activities Government grdnl illle N¢1 Cash from finattcino activitie 35.751 35,750 Net iDcrease ill cash and cash equivalents Cash And cash e4uiv#lents at beginning of ve&r L&sh and cash equivalents at end of year IJI,6R9 429,41)4 294.897 541.IW3 429.404 The notes on pages 11 to 18 form part ot these financial statements. 10-
Al-Aqsa Schools Trust Notes to the Flnanclal Statements Year ended 31 August 2025 General information Thv chilY 1% cl publiL benefit eniily (incl a Te¥i%lered ChIlY in England Wdle% ib uninLOTPOlated. The addres% of the principal otfice i.£ The we Wa), Leice%ter. LES 4PP. ststement of eompliance These financial siaietnenls have been prepared in cvmplianee wilh FRS 102. The FinanLial Rewrting Siandatd pplicable in the UK and the Repliblic of I[eld,, the Staternenl ot- Recomniended Ptdclice applicable lo charities pr¢paring their accounts in accordanc¢ wilh Ihe Financial Reporiing Siandard applicabl¢ in Ih¢ IIK and RepubliL uf Irelan(I IFRS 102) (Charilies SORP IFRS 10211 and Ihe Charilies Aei 2011. as amended by th Charities Act 2a22. Accounting policies Jlasi5 of prepar¥tiun The financial .EtutemenL% hllve heen prepured oli tlie lii%toriclll co%t ha%is. a% modified by the revaluation of ccrtain finan¥ial assLlS and liabilili¢s tn¢asurLd ai fair valuc Ihmugh inLom¢ or ¢xnd11Ure. GolThg eoncern There are no Inateri31 uncertaintie.£ about the charitys abilitv t(> continue. Judgements alld key of o4timation u]Jcertainty Thv prepEirdlivn ul th¥ findnLial ¥IteMents TequiTth% Tnandgenienl Iv mak¥ judgTemenl%, e%titndle% and assllmptiDn8 tliat atfect the ainounL£ repoiied. These eEtiiiiates aiid judgements are continually reviewed and are bas¢d ¢xp¢ri¢nct and oih¢r factorb. Including ex¢¢allonS of lutur¢ ¢v¢nts Ihat ar¢ b¢licv¢d io b¢ r¢onable undei Ihe ciicurn%lccts. Fund Unrestri¢¢¢d funds are available for use at the discretion of ih¢ trusie¢$ 10 further gny of the ¢hariiy'% pury)o%es. All tund% held aTe un[e5Cted. Incoming rwurc Intome All income is included in the statement of tiiiancial activities when the charity 15 enlilled to the incoine, any pertonn&nce reluted condition% dttached haNe been Inet oi fully withiii tlie conti'ol of the churjty, the iiicome is consideFLd probablc and Ihc amouni can b¢ 4uaniificd wilh reasonablc accurncy. 11
Al-Aqsa Schools Trust Notes lo the Flnanclal Statements (continued? Year ended 31 August 2025 Accounting policies l¢(>w¢ott¢d) Resources expended Exp¢ndilur¢ ig rc£ogrtis¢d on an accruals basis as a liabilily is incurrcd. EXndi1ur¢ ¢xclud¢s V AT. and is cla%%ified under heading% of the %lcilemenl of fincincidl aciivilies to which il relaie%-. xpendilure chariiable aLlivilies includes all LUSI incurred by o Lhariiy in undertaking aciivities thai fuTiher its Chilb]e ai111s tor the benefit of it8 beneticiarie%. including those SUPENIrt costs and cost8 Telating lo the governaiice of Ihe chaniy apwrtioned 10 ¢hariiabl¢ activities. oilier expenditure includes dll expendiiuTe that i% neither reld lo rnising funds for the chatity nor part of ils eXnd1(ure on charitabl¢ aciiviiies. All co£t£ e allooited to expenditure categorie.£ reflecting the use of the re8ource. DiiEct co%t% aitributable to a singlc acrivily arL allocaied directly 10 thai aetivily. Sharcd ¢osis arc apwrtioncd bctwecn lh¢ ael1viti thcy coniribule to on a recisonable, Justifiable and consistent basis. Tangible sssets All fiK¢d asset8 are initially reLord¢d ai cosi. Depreelatlon Depreciation is calculated so as to write off the cosi oi- valuation of an asset, less its residual value, over the useful ¢¢onomi¢ lif¢ of thai &%%¢t as lollows.. Freehold Property Fixiurets & Fiiiings Equiprneni 2% siraight line 25, straighi line 31Fr. SITdighl line I1rnillt of red ets A review for indicaiors of irnp2irm¢nt 1% carried out at each r¢por¢ing dale. with Ihe r¢¢ov¢rable amount being ¢blimaLL'd wh¢r¥ sueh in<liLaioTb ¢Albl. Wh¢rL Ihe caYin( i'aluL CXCCLds Ihc r¢eovLrablL amounL IhL a¥b¢l is impaired accordingly. Prior impainnents ate also ieviewed I'or 81ble ievetsal at each rep3tting date. FOT the puSe of itnpairtnenl testing, when it Is not possible to eslirnate the recovetable amount of an Individual a£.£ei, ali e.£timate 18 made of the recoverable aniount ot- the cash-generating unit to which the asset longs. ThL cash-g¢n¢raiing unli is IhL smallLsi idcniifiable group of ass¢is Ihai includLs IhL ass¢1 and geneTdle% LA%h influw% Ihdt IgelY independent uf the Lash inflvw% frvm other db%el% or groups vf et%. GoVerlln1 grants CIDvernment orant% gre reoogiii.sed at the fair alUe af the 28set received or receii'able. Cjrants are not reco8ni%ed until there is reasundble assur&nLe Ihdl the Lhdrity will cutnply with the Londilivns allaLhing lu Ihetn and the graiii8 will receii'ed. WheTe the gTranl dves nut impvse specified future perfor[nanLe-reI[e4j Lvndiliuns on the reLipient. il is recogiii%ed iii incoine 'hen the 81'&llt pioceed% dre received Dr receivable. Where the grllnt doe% iiiipD%e %cIfied fuiure performanee-r¢laied eonditiort% on th¢ r¢cipiertL il is recognised in inLom¢ only whert lh¢ p¢rforniance- related conditions have been mel. Where grants received prior to satisfying the revenue recognition cnleria. they atE recogni%ed liability. 12-
Al-Aqsa Schools Trust Notes lo the Flnanclal Statements (continued? Year ended 31 August 2025 Accounting policies l¢(>w¢ott¢d) Financial instrllments A finoncial asbLI or a finanLial liability is rL¢ognised only when lh¢ ¢niiiy b¢comc6 a party 10 lh¢ eortira¢lual provi%ion% of the in%liument. BasiL finanLial instTuments are inilially TeLugnised at the amuurtl Teceivable vr payable ineluding any related tntion co%1%. iinle%% ihe ar[geMent con%litute% financiiig ttansciction, 'here il 1% recogiii%ed al the present valu¢ of th¢ fuwr¢ paymenis dis¢ount¢d at a market rai¢ of Ini¢rest for a siniilar debi insirunient. Current and cuent liabilities 8ub8equently meLEured al the c&%h or other consideration expected to be paid or receiv¢d and noi discounied. Defined eontribution plans Contributions lo defined conltibulion plans aTe Tecognised as an exnSe in the period in which the ielated service I provided. Prepuid contriblltion% are recognised ali aet to the extent that the prepayment will lead 10 a rcduciion in fulure paymcnis or rcfund. When coniribuiion% are noi ¢xpect¢d 10 be settled ,h0]lY wiihin 12 monrhs of Ihe end of lh¢ reporiing date in whiLh Ihe ernpluyees render Ihe 1leI seTVILe. Ihe liabili1> is [neauTed disLvunted preseni value basis. The unwinding ot-the d1COUnt 1£ I'ecogni£ed as an expell%e ill the periad in which it ari£e%. Donations and legacies Unre%tricied Funds Resirieied Funds Totsl Funds 2025 Donatiolls Donalioiis 2D,114 20,114 Grants Government grant Jncnme 35,750 35,750 20,114 35,750 35. Unre%tricted Funds Restricted Funds Total Flliid% 2024 Dothations Donations 2,000 Grthnts (tovernment grdnl Incorne 2.wo 2.(M)O 13-
Al-Aqsa Schools Trust Notes lo the Flnanclal Statements (continued? Year ended 31 August 2025 Charitable activities UnTe%tricled Total Funds UnteslriLied Tvlcil Fund 2025 Incutne frojn chtable tIvitie Inconie from other ancilliary charitable 727,466 727,466 786,769 786,769 158.183 158,183 9).308 Other income I'rom charitable activities- registrtiOn fees OihET InLvme fTvm charitable dLlivili¥g- liiiSLelleull5 10,IM)O 10,0 9,150 9,150 10.028 ID,I)2 486 486 5.677 905,677 886.713 886.713 Expendlture on charitable actlvltles b) fund type un51cted Restricted Tot¥1 Funds 2025 Charib]e activity expenses SuptM)rt CO8L8 853,855 8)3,855 1,403 855,258 ¥i5,25¥ UnreblriLied Restricted Toial Funds 2024 Charilabl¢ tiVity ¢xp¢n.seg Suppon costs 802.699 1,698 804.699 1.69¥ 8tM..397 2.000 806.397 Expendlture on eharltable actlsllles b) attlTrlt} ty undeitsken dirceily Supwrt ¢OSlg Total funds 2025 Toial fund 2024 Charitahle activity expen.qes GLTri'ernanLe Lvsls 85_3.8_5_5 -3n 1.373 8.43085 1,373 8(H.699 1.698 853,855 1,403 855258 Analysis of support ethsts Analysis or SUPENIII COELS Total 2025 Tota] 2ts24 Finun¢v ¢vs1 30 14-
Al-Aqsa Schools Trust Notes lo the Flnanclal Statements (continued? Year ended 31 August 2025 Net income N¥1 incotne 1% %laled afieT Ch¥lgI{LjJtin¥l'. 2025 •024 DepreciaLiOll of tgible fixed 29.132 ?8.908 10. Independent exa]nination fecs 2025 2024 Fees payable to the independenL exarnineT for.. Tnd¢p¢nd¢ni exaininaiion of Ihe financial siaitin¢nis 1,375 1.698 11. Staff costs The ivlal %lal'l'Lu%l% and employee benefit% foT the repL)Tiing petivd a analysed fvllvw%-. 2025 2024 Wage5 and salaties 641,797 31,&35 0,591 601,173 23.870 6.157 Employer coniribuiion% 10 pen.sion plans 680,223 631.200 The erage heacl cvunl uf emplvyees during the year 55 12024.. 521. No cmploycc T¢WiVC(J Cmploy bcn¢filS of morc than £60.(XIO during Ihc y¢ar12024.. Nill. 12. Trustre remurtertttioth expenses DuTing the year one of Ihe Tru%*e%. Mr% A Hewill rebeived £27,5[ 1£2024.. £24,905) foT admirti%irulive duiie LTrn a l'ull lirne b7. DuTinb Ihe y¢dr the ¢hEirily reimbur%¥d ¥Ap¥n%¥% ID vne of the Ttu4lee% amvunling Iv £12.274 12024.- £18,374). The expenses Telaied tu the direct Losls gener1 administration of the sLhtKII. 15-
Al-Aqsa Schools Trust Notes lo the Flnanclal Statements (continued? Year ended 31 August 2025 13. Tangible tlxed ats Fixture% ld Equipment Total L(kSt At I September 2024 Addilion5 756,410 74.099 2.720 81,675 912,184 41,670 At 31 August 211 7Y2.1611 76.81(J 84.%75 Y53.R54 Depreeiatio Al I September 2024 Charge tor the year 225.280 15,84_ 54.787 75,138 355.21)5 29,132 At JI August 211 Carrying amount Atjl August 21) Al 31 Augu&t 2024 241.123 65,012 78,202 384,337 551.037 11.807 569,517 531,130 6,537 556.979 14. Debtors 2025 2024 Ti7de debtors Prepaym¢nts and acerue41 ineome Oihei debtor% 8,4.36 18,194 15.954 26,630 28.189 15. Credltors: amounts falling due wlthln one ye&r 2025 2024 Trade oredits)r AcLI-uals dnd deterred income Social security and nth¢i' tax Oiher creditors 48,895 149.116 li,224 31,514 47.861 149.663 4.400 26.440 244,749 22%.364 16. Pensions and other p(b* retire]nent benefits Defined tothtributitsrt plthns The dmount recognised iii income or expeiidJNre as an expen.£e in relation to defined contribution plans was £6.59112024.- £6,157). 16-
Al-Aqsa Schools Trust Notes lo the Flnanclal Statements (continued? Year ended 31 August 2025 17. Government grants The dtnuunrs recognibed in the finLIa[ %ldlemenl% for ¥oveTnmenl gr1% fvlluw%.' 2025 •024 Recugni.%ed in incume fTVm dnd legdcie%.' GovernTnent granis iiicorne 35.750 18. Analys15 of eharltable funds Unre4trieteil funds I Sepiember 20 24 At Tran.£ler%31 August 2025 Income Expendiiure G¥neral fund 786,208 925,791 1855,2581 35,750 892,4YI I Sepiember 20 23 Al Tran.£[e 31 Augu.£t 2024 Income Expenditure General funds 7U3,892 886,713 I¥U4.3971 786,2U8 Restricted funds Al I Septemher 20 24 At Transfers31 August 2025 Incomc Expcndiiurc R¢%irici¢d Fund 1.35.7$01 Al I S¢pi¢mb¢r 20 23 Ai Transfers 31 August 2024 ]ncome Expenditure R¢siri¢icd Fund 2.0 12.011)) 17-
Al-Aqsa Schools Trust Notes lo the Flnanclal Statements (continued? Year ended 31 August 2025 19. Analysis of net between fvnds Unre%ttiLled RestriLied Total Funds 2025 Tgible fixed assets Current assets crlI10rts 1¢55 Ihdn l y¢ar Net assets 534,481 567,723 1244.7481 35.035 569.316 507,723 1244.7481 857,456 35,C)35 892AYI Unresiticied Fuiid ResLriLied Fuiid% Toial Punds 21124 Tangible fixed assets Current a%%eLE Cr¢dil(Trrs l¢ss Ihan l year Credilots grealeithan l yeaT Nel assets 556.979 4.17,-593 1228.3fv11 556.979 4.f7.593 1228.3641 786 ?08 786.208 20. Analys15 of ehAnges ln net debt Al I Sep 2024 Ca%h flows Al JI Aug 21125 Cabh ai bank and in hand 429.404 541,093 .18.