Charity registration number: 1080849
AZHAR ACADEMY TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
Azhar Academy Contents
| Page | |
|---|---|
| Trustees' Report | 1—3 |
| Independent Auditor's Report | 4—6 |
| Statement of Financial Activities | 7 |
| Statement of Financial Position | 8 |
| Statement of Cash Flows | 9 |
| Notes to the Statement of Cash Flows | 10 |
| Notes to the Financial Statements | 11—16 |
Azhar Academy
Trustees' Report For The Year Ended 31 August 2025
The trustees present their report and the financial statements for the year ended 31 August 2025.
Objectives and Activities
Aims and Objectives
Objectives and activities
Azhar Academy is a charitable organisation founded in 1996, focused on providing Islamic and educational services and other charitable activities.
The charity's objects are advancement of education and furtherance of the religion of Islam and of Islamic Education. Azhar Academy runs nursery, primary and secondary schools in the London Borough of Waltham Forest and Newham. The main objective for the year was the continued operation of the schools and investment in education.
The school has specifically designed a school curriculum which provides a sound and comprehensive education for our students and aims to instill in them good moral conduct, sound comprehension of their faith and an unwavering commitment to succeed.
We continue to provide a stimulating and holistic approach to learning, we are able to offer each student the opportunity to learn and achieve their true potential. We teach a wide range of subjects, both National Curriculumbased and Islamic, aimed to fully equip our students with the best knowledge, skills and understanding to participate positively in today’s challenging and diverse society. We expect our students to leave the school equipped with the correct tools for the next stage of their education with a confident, responsible and tolerant outlook on life.
Our schools are well established and have been consistently rated Outstanding by Ofsted. The Trustees believe the schools provides education of the highest standard and nurture students to become responsible individuals and citizens. The schools have very good working relationships with outreach programmes that benefit the students and wider communities.
The charity's activities are dedicated to students' academic, spiritual, moral, social, and cultural development, and the charity considers the success of these activities to be for the public benefit. The trustees have given due consideration to the charity commission published guidance on the public benefit requirement under Charities Act 2011 and there has been no change in these during the year.
Azhar Academy provides a wide ranging number of Islamic religious and educational activities, including its provisions as a Masjid to the local communities which it serves. By operating as a hub of religious and educational activities for the community, the Azhar Academy continues to positively impact the local community and beyond, in serving and advancing the wellbeing, spiritual and personal development and nurturing of young people and more senior members of the community.
Public benefit
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
To receive, administer and distribute funds to preserve and teach the principles of Islam, perpetuate the social, moral and religious standards of Indonesian Muslims in the United Kingdom.
Achievements and Performance
Main Achievements
Significant activities and achievements against objectives
The trustees are pleased with the expansion of the school and the continuing success of providing education to students.
Leadership within the school continues to work towards putting in systems and structures to allow us to provide a seamless education and learning experience for our students. The school continues to provide an outstanding provision for staff and students.
Financial Review
Financial Position
At the balance sheet date, the charity had net assets of £3,272,899 (2023: £3,106,328) . The trustees consider the financial performance of the charity during the year to be satisfactory. The objective is for the charity and its school operations to be self-sufficient.
Page 1
Azhar Academy Trustees' Report (continued) For The Year Ended 31 August 2025
Reserves Policy
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.
The main objective of the reserve policy is to ensure that the Charity is able to meet its short term operational costs in a situation where income fall below a sustainable level. The normal 3 months spend is circa £629k and currently the trust has circa £393k cash at bank and in addition is expected to receive circa £750k in that period which is sufficient to cover this. The main liabilities are gifted loans which are only called upon if the Charity has the ability to repay. The actual unrestricted reserve at the end of the year is £3,272,899 (2023 - £3,106,328). The board of Trustees consider that the reserve policy is adequate, given the level of performance of the school and based on the premise that the giving nature of the community is generous in a faith-based organisation.
Risk Management
The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
The trustees acknowledge their responsibility to manage the risks faced by the charity. They have identified and given due consideration to the risks to which the charity may be exposed and are satisfied that systems are in place to mitigate exposure to those risks. The principal risks being a significantly reduced student intake which would directly impact on fee income, the school buildings becoming uninhabitable (e.g. due to damage) and fraud and error. These risks are managed through a concerted programme of media advertising to attract students to the schools. Regular independent fire and risk assessments are carried out of the premises and a disaster recovery plan is in place in the event the buildings are unavailable so that tuition can continue elsewhere. Appropriate financial controls and reporting systems are in place to provide reasonable assurance against fraud and error.
Structure, Governance and Management
Governing Document
The charity is an unincorporated charity and it is controlled by its governing document, a deed of trust.
The trustees who served during the year and up to the date of signature of the financial statements were: Mr I Gangat MBE Mr F Bobat Mr I Amla
Reference and Administrative Details
Trustees
Amla Ismail Ismail Gangat Faizal Bobat
Charity Number
1080849
Auditors
B.B.K Accountants BMM Limited 4a Roman Road London E6 3RX
Page 2
Azhar Academy Trustees' Report (continued) For The Year Ended 31 August 2025
Statement of Trustees' Responsibilities
The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales 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 of the charity for that period. In preparing the financial statements the trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charity SORP;
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make judgments and accounting estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed; subject to any departures disclosed and explained in the financial statements; and
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping adequate accounting records which disclose with reasonable accuracy at anytime the financial position of the charity and to enable them to ensure that the accounts comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008 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.
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.
The trustees' report was approved by the board of trustees and signed on its behalf by:
Ismail Gangat Trustee 15/07/2026
Page 3
Independent Auditor's Report to the Members of Azhar Academy
Opinion
We have audited the financial statements of Azhar Academy (the "charity") for the year ended 31 August 2025 which comprise the Statement of Financial Activities (including Income and Expenditure Account), Statement of Financial Position, Statement of Cash Flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".
In our opinion the financial statements:
-
give a true and fair view of the state of the charity's affairs as at 31 August 2025 and of its incoming resources and application of resources, for the year then ended;
-
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and have been prepared in accordance with the requirements of the Charities Act 2011.
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 12 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 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 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.
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 requires us to report to you if, in our opinion:
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the information given in the financial statements is inconsistent in any material respect with the trustees report; or
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sufficient accounting records have not been kept; or
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the financial statements are not in agreement with the accounting records; or
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we have not received all the information and explanations we require for our audit.
Page 4
Independent Auditor's Report (continued) to the Members of Azhar Academy
Responsibilities of Trustees
As explained more fully in the statement of trustees responsibilities, 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 cease operations, or have no realistic alternative but to do so.
Auditor's 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 the Act and relevant regulations made or having effect thereunder.
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.
The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.
We gained and understanding of the legal and regulatory framework applicable to the Charity and the industry in which it operates, drawing on our sector experience and considered the risk of acts by the Charity that could be contrary to these laws and regulations, including fraud. We focused on laws and regulations that could give rise to a material misstatement in the financial statements, including but not limited to, the Charity Commission, The Independent Schools Standards and the equivalent local laws and regulations.
We made enquiries of trustees and school management, with regards to compliance with the above laws and regulations and corroborated any necessary evidence to relevant information, for example, minutes of the trustee meetings. legal reports provided to the Charity and correspondence between the Charity and its solicitors. Audit procedure performed by the engagement team included:
• Discussion with management, including consideration of known or suspected instances of noncompliance with laws and regulations and fraud;
• Review of financial statement disclosures to underlying supporting documentation;
- Challenging assumptions and judgements made by trustees and school management in their significant accounting estimates;
Our audit procedures were designed to respond to risks of material misstatement in the financial statements, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery, misrepresentations or through collusion. There are inherent limitations in the audit procedures performed and the further removed noncompliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we are to become aware of it.
Other matters
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with "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)" (as amended) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.
This has been done in order for the financial statements to provide a true and fair view in accordance with current Generally Accepted Accounting Practice.
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 auditor’s 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.
Page 5
Independent Auditor's Report (continued) to the Members of Azhar Academy
B.B.K Accountants BMM Limited
15/07/2026
B.B.K Accountants BMM Limited 4a Roman Road London E6 3RX
Page 6
Azhar Academy Statement of Financial Activities For The Year Ended 31 August 2025
| Notes INCOME AND ENDOWMENTS FROM: Donations and legacies 3 Charitable activities: Charitable activities EXPENDITURE ON: Charitable activities: 5 Charitable activities NET INCOME NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS: Total funds brought forward TOTAL FUNDS CARRIED FORWARD 18 |
2025 Unrestricted funds £ 393,981 3,001,745 |
2024 Unrestricted funds £ 597,284 2,414,458 |
|---|---|---|
| 3,395,726 | 3,011,742 | |
| (3,259,662) | (2,845,171) | |
| 136,064 | 166,571 | |
| 136,064 3,272,899 |
166,571 3,106,328 |
|
| 3,408,963 | 3,272,899 |
The notes on pages 10 to 16 form part of these financial statements.
Page 7
Azhar Academy Statement of Financial Position As At 31 August 2025
| Notes FIXED ASSETS Tangible Assets 11 CURRENT ASSETS Debtors 12 Cash at bank and in hand Creditors: Amounts Falling Due Within One Year 13 NET CURRENT ASSETS (LIABILITIES) TOTAL ASSETS LESS CURRENT LIABILITIES Creditors: Amounts Falling Due After More Than One Year 14 NET ASSETS FUNDS OF THE CHARITY Unrestricted Funds TOTAL FUNDS 18 |
2025 Unrestricted funds £ 5,589,052 |
2024 Total funds £ 5,747,537 |
|---|---|---|
| 5,589,052 48,717 377,465 |
5,747,537 21,184 393,486 |
|
| 426,182 (138,370) |
414,670 (54,375) |
|
| 287,812 | 360,295 | |
| 5,876,864 | 6,107,832 | |
| (2,467,901) | (2,834,933) | |
| 3,408,963 | 3,272,899 | |
| 3,408,963 | 3,272,899 | |
| 3,408,963 | 3,272,899 |
On behalf of the board
Ismail Gangat Trustee 15/07/2026
The notes on pages 10 to 16 form part of these financial statements.
Page 8
Azhar Academy Statement of Cash Flows For The Year Ended 31 August 2025
| Notes Cash flows from operating activities Net cash generated from operations 1 adjustment Net cash (used in)/generated from operating activities Cash flows from investing activities Purchase of tangible assets Decrease in cash and cash equivalents Cash and cash equivalents at beginning of year 2 Cash and cash equivalents at end of year 2 |
2025 £ 56,730 (63,632) (6,902) (9,119) (16,021) 393,486 377,465 |
2024 £ 549,181 - |
|---|---|---|
| 549,181 | ||
| (638,693) | ||
| (89,512) 482,999 |
||
| 393,487 |
Page 9
Azhar Academy Notes to the Statement of Cash Flows For The Year Ended 31 August 2025
1. Reconciliation of income to cash generated from operations
| . Reconciliation of income to cash generated from operations |
||
|---|---|---|
| Net income Adjustments for: Depreciation of tangible assets Movements in working capital: (Increase)/decrease in trade and other debtors (Decrease)/increase in trade and other creditors Increase/decrease in deferred income Net cash generated from operations |
2025 £ 136,064 167,603 (27,533) (219,404) - 56,730 |
2024 £ 166,571 221,697 11,924 226,873 (77,884) |
| 549,181 |
2. Cash and cash equivalents
Cash and cash equivalents, as stated in the Statement of Cash Flows, relates to the following items in the Balance Sheet:
| Cash at bank and in hand 3. Analysis of changes in net debt Cash at bank and in hand Debts falling due after more than one year |
As at 1 September 2024 £ 393,486 (1,500,000) |
2025 £ 377,465 Cash flows £ (16,021) - |
2024 £ 393,486 |
|
|---|---|---|---|---|
| As at 31 August 2025 £ 377,465 (1,500,000) |
||||
| (1,106,514) | (16,021) | (1,122,535) |
Page 10
Azhar Academy Notes to the Financial Statements For The Year Ended 31 August 2025
1. General Information
Azhar Academy is an unincorporated charity registered with the Charity Commission, registered charity number 1080849. The principal address is .
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) "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) (effective 1 January 2019)", Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities Act 2011.
The charity is a Public Benefit Entity as defined by FRS 102.
2.2. Incoming Resources
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. School fees are recognised in the period the fees are due.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance
conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any 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 2% straight line Fixtures & Fittings 25% reducing balance Computer Equipment 25% reducing balance
2.4. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
3. Income from Donations and Legacies
| . Income from Donations and Legacies |
||
|---|---|---|
| 2025 | 2024 | |
| Unrestricted | Unrestricted | |
| funds | funds | |
| £ | £ | |
| Donations and gifts | 393,981 | 597,284 |
- Net Income/(Expenditure)
| The net income is stated after charging/(crediting): | ||
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| Depreciation of tangible fixed assets - owned | 167,604 | 221,697 |
Page 11
Azhar Academy Notes to the Financial Statements (continued) For The Year Ended 31 August 2025
5. Analysis of Expenditure
| 5. Analysis of Expenditure |
|||
|---|---|---|---|
| Charitable activities Charitable activities 6. Grants Payable Charitable activities Charitable activities 7. Support Costs Employee costs Premises expenses General administration Depreciation |
Grant funding of activities (see note 6) £ 30,000 Grant funding of activities (see note 6) £ 98,114 Grants to Institutions £ 30,000 Grants to Institutions £ 98,114 |
Support costs (see note 7) £ 3,229,662 Support costs (see note 7) £ 2,747,057 Support costs £ 30,000 |
2025 Total £ 3,259,662 |
| 2024 Total £ 2,845,171 |
|||
| 2025 Total £ 60,000 |
|||
| Support costs £ - |
2024 Total £ 98,114 |
||
| 2025 Charitable activities £ 2,378,110 392,599 291,349 167,604 |
|||
| 3,229,662 |
Page 12
Azhar Academy Notes to the Financial Statements (continued) For The Year Ended 31 August 2025
| Employee costs Premises expenses General administration Depreciation |
2024 Charitable activities £ 1,954,919 298,041 272,400 221,697 |
|---|---|
| 2,747,057 |
8. Auditor's Remuneration
Remuneration received by the charity's auditors and their associates during the year was as follows:
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Audit Services | ||
| Audit of the company's financial statements | 3,600 | 3,160 |
9. Staff Costs
Staff costs were as follows:
| Wages and salaries Social security costs Other pension costs |
2025 £ 2,209,508 141,191 14,315 2,365,014 |
2024 £ 1,827,541 97,261 12,988 |
|---|---|---|
| 1,937,790 |
No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000.
- Average Number of Employees
Average number of employees during the year was as follows:
| Teacher Assistants Administration |
2025 87 52 7 146 |
2024 85 30 7 |
|---|---|---|
| 122 |
Page 13
Azhar Academy Notes to the Financial Statements (continued) For The Year Ended 31 August 2025
11. Tangible Assets
| Land & Property Freehold £ Cost As at 1 September 2024 7,602,109 Additions - As at 31 August 2025 7,602,109 Depreciation As at 1 September 2024 1,907,698 Provided during the period 152,043 As at 31 August 2025 2,059,741 Net Book Value As at 31 August 2025 5,542,368 As at 1 September 2024 5,694,411 12. Debtors Due within one year Trade debtors Other debtors 13. Creditors: Amounts Falling Due Within One Year Other creditors Taxation and social security Accruals and deferred income 14. Creditors: Amounts Falling Due After More Than One Year Other loans Other creditors Accruals and deferred income |
Land & Property Freehold £ 7,602,109 - |
Fixtures & Fittings £ 165,896 - |
Fixtures & Fittings £ 165,896 - |
Computer Equipment £ - 9,119 |
Total £ 7,768,005 9,119 |
|---|---|---|---|---|---|
| 7,602,109 | 165,896 | 9,119 | 7,777,124 | ||
| 1,907,698 152,043 |
112,770 13,282 |
- 2,279 |
2,020,468 167,604 |
||
| 2,059,741 | 126,052 | 2,279 | 2,188,072 | ||
| 5,542,368 | 39,844 | 6,840 | 5,589,052 | ||
| 5,694,411 | 53,126 | - | 5,747,537 | ||
| 2025 £ 21,184 27,533 48,717 2025 £ 44,607 85,363 8,400 138,370 2025 £ 1,500,000 967,901 - 2,467,901 |
2024 £ 21,184 - |
||||
| 21,184 | |||||
| 2024 £ 44,608 - 9,767 |
|||||
| 54,375 | |||||
| 2024 £ 1,500,000 1,271,300 63,633 |
|||||
| 2,834,933 |
Page 14
Azhar Academy Notes to the Financial Statements (continued) For The Year Ended 31 August 2025
15. Loans
An analysis of the maturity of loans is given below:
| n analysis of the maturity of loans is given below: | ||
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| Amounts falling due between one and five years: | ||
| Other loans | 1,500,000 | 1,500,000 |
- Deferred Income
Deferred income movements in the year were as follows:
| Balance at the start of the period Income deferred in the current period Balance at the end of the period |
2025 £ (77,884) 77,884 |
2024 £ - (77,884) |
|---|---|---|
| - | (77,884) |
17. Pension Commitments
The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund.
During the year the charge to the statement of financial activities in respect of defined contribution schemes was £14,315 (2024: £12,988).
At the statement of financial position date contributions of £NIL were due to the fund and are included in creditors.
18. Movement in Funds
| 8. Movement in Funds |
||||
|---|---|---|---|---|
| Unrestricted funds General: General unrestricted fund Total funds Unrestricted funds General: General unrestricted fund Total funds |
As at 1 September 2024 £ 3,272,899 |
Income £ 3,395,726 |
Expenditure £ (3,259,662) |
As at 31 August 2025 £ 3,408,963 |
| 3,272,899 | 3,395,726 | (3,259,662) | 3,408,963 | |
| As at 1 September 2023 £ 3,106,328 |
Income £ 3,011,742 |
Expenditure £ (2,845,171) |
As at 31 August 2024 £ 3,272,899 |
|
| 3,106,328 | 3,011,742 | (2,845,171) | 3,272,899 |
- Transactions with Trustees
Page 15
Azhar Academy Notes to the Financial Statements (continued) For The Year Ended 31 August 2025
None of the trustees received any remuneration or any other benefits from an employment with the charity or a related entity during the current or previous year.
No trustee expenses have been incurred.
20. Related Party Disclosures
There have been no related party transactions in the reporting period that require disclosure.
Page 16