Registerad Charity Number 1106630 Registered Company Number 5117582 Al Kawthar Academy & Subsidiary Undertaking Annual Report and Financial Statements 31 December 2024 AEC6VBLN 3010912025 COMPANIES HOUSE A24
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Al KawtharAcad•my & Subsldlary Undertaklng Annual Roport and Flnanclal Statsments Contsnts Pig• Charity and Company Infomatlon Trustee's Report Accountsnfs report Statement of Flnanclal Activlties Balance sheet Notes to the accounts 10 11
Al KawtharAcademy & Subsidlary Undertaking Annual R•port ol lh• trust••$ lor tho y•ar •ndod 31 D•comb•r 2024 Intmductlon The trustees present their annual report and accounts for the year ended 31 st Decefflber 2024. The l)oard of trustees are satisfied with the performance of the charity during the year and the position at 31 st December 2023 and consider that the charity is in a strong positlon to continue its activities during the coming year. and that the charitys assets are adequate to fulfill its obligations. The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Associatlon, and Accounting and Reporting by Charities: Statement of Recommended Practice (FRS 102>. Name, registered offlce and constltutlon or the chan'ty The full name of the chorlty Is Al Kawthar Academy The legal registratlon detalls are :. Date ollncorporation Company Registrafvon Number The Registsred Office is ChanTty Registration Number rhe telep1ne number Is 0410512004 5117582 62 Gough Road Leicester LES 4AN 1106630 0116 2461011 Purpo8•. Impact and Aatlvl¢l•s of th•Charlty Publlc beneflt that Is provlded by the charlty Al Kavrthar Academy promotes positively the pristine message of Islam to the English-speaklng public and to educate Muslims and non.Muslims on varlous aspecis of Islam. Thereby, the provision of such public seNices not onty equips benetlclaries to benefit themselves, but also members of the wlder eKJmmunty where they live, promoting harmony and understanding in our multi-faith and cullural society in the United Kingdom. Aims Charlty Objects: To pursue charltable a¢tlvitle$ for the benefit of the Muslim Community. Wa endeavor to become a reliable reference and a valuable resource of authentic Islamlc knowledge in the English language to facilitate Musllms and Non-musllms allke understand the rellgion of Islam, Al Kawthaf Academy alms to help: Presepie and promote the pure message and sublime values of lsiam. Faithfully convey the educational and spiritual legacy of the classical scholar5 to the Muslims of today, Provide and encourage the pursuit of Islamic knowledge wlth recourse to da55ifAI sources. Thé charity's principal activty in the furtherance of its objectlves Is provlding a service to the public for their religious knowledge needs and facilitating S¢xial matter related questions to be answered by qualified scholars. Summary of maln actlvltles In rnlatlon to its objects Our strategy for achieving the Charity's objectives includes the dissemination of knowledge through the means of conducting lectures and the provision of advice to beneficiaries. The objects are pursued in a varlety of ways, including the organizing of formal talks and lectures, in Positive campaign to introduce the pristine message of Islam to the English-speaking public and to educate Muslims and non-muslims on variou5 aspects of151am. Achlevements and Perfom7ance of the Charity A review of charitable aGtivities undertaken by Al Kawthar Academy has over the past year,.
Al Kawthar Academy & Subsldlary Undertaklng Annual R•port of th• trust••s for th• y•ar ond•d 31 Doc•mbor 2024 Organlsed regular lectures, seminars and speeches In assoclation with various Islamic organlzallons nationally throughout the year. Conducted teaching of Arabic and Islamic studles. these lessons are taught in English.. Replied to questions and queries lor religious information and advice. Responded to requests of assistance,. and the offering of counseling, moral advlce and spiritual guidance. Fundralslng a¢tlvltl•s The charity does not actively fundraise rather relies on donations from its donors. whose support Is valued. Donation5 have been received mainly as a result of word-of-mouth publlcity. Volunt••rs We are grateful to the numerous volunteer5 that support the charity with the necessary knowledge, experience and skills to be able to operate the charity. Summary of thp maln achlevements of the charlty durlng the year We continued the opportunity for beneficiaries to study and understand the most authentic book of traditions (Saheeh 8ukhari) and the Qu¢an in the English language, taught and explained by qualified Scholars. This ha5 been a unique opportunity for beneficlaries because this is the first time that Saheeh Bukhari has been explained In English. Oov•rnan¢• ansl Dealslon Maklng Nature of the Govemlng Document and constitutlon ol the charlty The charrty Is ¢onstStuted as a company Ilmited by guarantee and Ss therefore governed by a memorandum and articles of association. The directors of the company are also trustees of the charity. Ellgibility for membership of the charty and membership of the board cf trustees is governed by the memorandum and articles of associallon. There are no restrictions in the governing document on the operaticn ol the charity of its investment powers, other than those imposed by general chariiy law.
Al Kawthar Academy & Subsldlary Undertaking Annual R•port of th• tru8ts08 lor th• y•ar •nd•d 31 D0Mb•r 2024 Rocrultment and appolnthi•nt of now tfUSt••s The process involves determining the optimum skills, knowledge and experience mix for the.. current operational climate and needs, identifying potential members, promoting and explaining the activities of the Board to potential members. Quality, characteristics and qualifications are decided upon when salecting members of the Board of Trustees. R•latlonshlps b•ttY8•n th• eharty and r•latod partl•s The induction of new Trustees would include an explanation of the function of the Board of Trustees and appointing a mentor for the new member to the Board of Trustees. An overview of tha organization and its activities is provided. On-going appropriate training is recommended. Op•ratln9 Mod•l and Rlsk8 We fund our work wh income from our donors and are able to maintain a focus on charitable activities maintalning our cost base to operate the seNices for the beneficiaries. Rlsk manai•m•nt: Al Kawthar Academy take their responsibllltles towards volunteers, staff, donors and beneficiaries very seriously. An Important aspect of discharglng these responslbilities Involves the Identification and management of all potential risks that might compromise staff, resources, or abllity to de15ver charltable programmes. The Charlty, therefore, has the ultimate duty to regularty identlfy and revlew the rlsks to which the Charity is exposed, and ensure that appropriate controls are In place to provide reasonable assurance against fraud, mallclous acts, and error. The Trustees are satisfied that all systems are in place or arrangements are In hand to manage the risks that have been Identified, having ensured segregation of duties, In particular Insuranee cover is in place and the finances of Al Kawthar Academy are kept under review. Appropriate Disclosure and 8arrlng Sepllcé {DBS) checks, supported by reoularly revlewed policles, are made for all those who work with any vulnerable groups withln the academy. Financial R?vlow Poll¢l•s on r•s•Th•s
Al Kawthar Academy & Subsldlary Und•rtaklng Annual R•port of the trust•ts for th• y?ar ondod 31 D•¢?mb•r 2024 The charity works closely with the other organizations to psent the pristine message of Islam to the English-speaking public and to educate Muslims and non.Muslims on various aspècts of Islam. The trustees have resolved to establish reserves to provide for future activities, and to provide funding for tho expected expenditure for six months ahead. The policy on reserves is that the 8XiSting assets are retained to produce income which is wholly utilized to support existing activities. There is no intention in the long term to either increase or reduce the caprtal significantly. This policy is justified in that it is necessary to presep48 income at th8 present levels in order to maintain the activities of the charity. The principal funding sources during the year was voluntary donations as a result of word of mouth publicity. Minimum 8xpenditure was Incurred in relation to raising funds. The board of trustees is satisfied that tha charity's assets in each fund are available and adequate to fulfill its obligation5 in respect of each fund. Avallablllty and adequacy of assets of each of tho funds The board of trustees is satisfied thal the charity's assets in each fund are available and adequate to fulfill its obligations in respect of each fund. The principal funding sources during was voluntarily donatlons as a result of word of mouth publlcity. Tran8a¢tlons and Flnanclal sItIon The financial statements are sot out on pages 9 to 15. The financial statements have been prepared implementing with the Charftles Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting by Charities: Statement of Recommended Practice {FRS1QI The Statement of Flnancial Activities shows n8t income of £67,277, (prior year net income £29,785). The majority of the expenditure is spent on delivering the charitable activities as stated in the Charity's aims and objectives.
Al Kawthar Academy & Subsldiary Undertaklng Annual Roport of th• trusts•s lor th• y?ar •ndod 31 DK•mb•r 2024 8p•clfl¢ ch'ang•s In flx•d assets The board of trustees is satisfied that the charity's assets in each fund are available and adequate to fulfil its obligations in respect of each fund. Changes In fixed assets are shown In detall In the notes to the accounts. Flnanclal p•rforniane• of th• charltS•s subsidlary und•rtaklng8 Al Kawthar Productions Ltd generated a net loss of £32,855 in 2023 (prior year loss: £25,745) details given in Note 5. The principal activity of the company during the year was that of the promotion of audio lectures and written material, these activities contributed to creating awareness and promoting the charitable work of Al Kawthar Academy. 8har• Capltal The company is limited by guarantee and therefore has no share capltal The members of the Board .of Trustees of the Charlty during the year ended 31 st December 2024 were :_ M A Rahman M A Rashid A Mem5 All the dlrectors of the company are also trustees of the charlty, and thelr responslbilities Include all the responsibilities of dlrectors under the Companies Acts and of trustees under the Charitles Acts. The directorsltrustees are all members of the charlty The members of the 8oard of Trustees of the Charity at the date the report and accounts were approved were'.- M A Rahman M A Rashid A Memi Bankers Natsvest Blrmlngham Cty Centre Branch Blrmlngham 8tat•m•nt of Dlr•¢tor8' •nd Tru8t••s' R•8pon8lbllltl•s The charlty'5 trustees are responslble for the preparation of the accounts in accordance with the terms of the Charitles Act 2011 and the Charities (Accounts and Reports) Regulation5 2008. Notwithstanding the explicit requlrement in the extant statutory regulations, the Charities (Arxount5 and Reports) Regulations 2008, to prepare the financial Statements in accordance with current best practice and prepare the accounts according to the CharitÉes SORP. In particular, charity law requires the Trustees,if they prepare accounts on an accruals basis, to prepare financial statements for each financial year which give a true and fair view of the state of affair5 of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Trustees are required to... To prepare the accounts in accordance with United Kingdorn Generally Accepted Accounting Prath'ce {United Kingdom Accounling siandards and applicable law). Select suitable accounting policies and Ihen apply them consistently; Make judgements and estimates that are reasonable and prudent., and Prepare the financial statements on the golng concern basls unless it is inappropriate to presume that the charity will Goniinue in buslness. State whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures dlsclosed and explained in the financial statements. The law requires that the trustees must not approve the accounts unless they are satisfi'ed that they give
Al KawtharAcademy & Subsldlary Undertaklng Annual Roport of th• trust••8 lor th• y•ar •nd•d 31 D•¢•mb•r 2024 . a true and falr view of the state of affairs of the charity and ol the surplus or deficit of the charity for the year. The Trustees are also responsible for maintalnlng adequate accountlng records which disclose with reasonable accuracy at any tlme the financial posltlon of the charlty and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements Comply with regulations made under the charity legislation. They are also responsible for safeguarding the assets of the Charity and hence for tsking reasonable steps for the prevention and detection of fraud and other Irregularities. The Trustees are also responsie for the contents of the Trustees, report and the accountant preparlng the accounts has no responsibilities in relatlon to the Trustees, report. The financSal statements have been prepar8d implementlng the Statement of Recommended Practice for Accounting and Reporting (FRS102).These accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 and SORP 2019. Mr M A Rahman DSr•ctor and Trust•• 23 8•pt•mb•r 2020
Al Kawthai Academy & Subsldlary Undertaklng Annual R•port of.th• trustses for th• y•ar •ndod 31 D•eamb•r 2024 Roport ol th• Indép•nd•nt A¢¢ountant t• th• trust••s on th• a¢¢ounts ol Al Kawthar AGad•ry lor th• y•ar •nded 31 D•c•mbor 2023 We report on the financial statements of the Charity on pages 10 to 16. Resp•ctlv• r•sponslbllltl•s ol dlr•¢tgrs and oxamln•r The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts, The twstees consider that an audit is not requlred for thls under section 144(2) of the Charlties Act 2011 (the 2011 Act) and that an Sndependent 8xamlnatSon is needed. The charity's gross assets did not exceed £3.26m and l am qualified to undertake the examination by being a qualified member of thè Association of Chartered Certified Accountants. Having satisfied mysell that the charity is not subject to audit under company law and Is eligible for Independent examination, rt is my responslbility to.. examine the accounts under section 145 of the 2011Act to follow the procedures laid down in the general Directions given by the Charftle5 Commlsslon under section 145(5){b) of the 2011 Act to state whether particular matters have come to my attention. Basls gf Ind•p•ndont •xamln•rfs r•port My examination,was carried out in accordan&8 with the general Directlons glven by the Charlty Commission, An examlnation includes a review of the accounting records kept by the charity and a comparlson of the accounts presented with those records. It also includes conslderatlon of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such Matters. The procedures undertaken do not provide all the evidence that would be requlred in an audit and consequently no opinion Is given as to whether the acceunts present a Irue and falr vlew, and the report Is limlted to those matters set In the next statement. Ind•p•nd•nt Examln•fs Stat•m•nt In connection wlth thy examination, no matter has come to my attention.. (1) which gives rne reasonable cause to believe that in any materlal respect of the requirements: - to keep accounting records In accordance wtth section 386 of the Companies Act 2006 and to prepare accounts which accord wlth the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and prlnciples of the Statement of Recornrnended Practlce: Accountlng and Reportlng by Charities. The Examinels relevant professional qualification Is.. Chartered Certified Accountant Virtus Financial Seryices Chartered Certlfied Accountants 8irmingham The date upon whlch this report was completed Is:. 18 September 2024
Al Kawthar Academy & Subsidiary Undertaking Annual R•port of the trust•e5 for tho yoar fjnd 31 Dec•mb•r 2024 Consolldat•d 8tat•m•nt •1 F5nanoial Aatlvltl•s and Inoom• & Exp•ndltur• Aooount lor th• y•ar •ndod 310oo•mb•r 2024 UniMtrl¢tsd R•strl¢tsd Pund• Funds Totsl lund• T•l•l Pund• Not•5 2024 2024 2024 2023 In•om• Donation$ •nd l•gaci•s Incomo fr¢m eharftable activitle8 29,199 193,479 29,199 193,479 27,496 181.096 Invoslments 48,000 48,000 48,000 Total Inoom• Exp•ndllur• 270,878 270,678 266.692 Raislno FurKI8 Charilable aclivits'og 40.783 198,891 40.783 198,891 42.557 146,758 Tol•l •xp•ndltur• 239,674 239,874 189.315 N•1 In••m•l{•xp•ndltur•) Ind n•t mov•m•nt In funds for th• y•ar G•inslllosw$) on Revalu•tlon of Propoty 31,004 31,C04 87,277 N•t Mov•m•nt In Funds 31,004 67,277 R•conclllatlon of funds rot41 fund8 brought fonvard 1.132,496 1,132,496 1,065,219 T•tal Funds aarrl•d forward 15 1,132,496 1,132,496 1,132,4H The statement of financlal activities includes all gains and losses recognized in the year. All income and expenditure are derived from contlnuing activitles. 10
Al KawtharAcadgmy & Subsidlary Undertaklng Annual R•port rf th• trustses fgr tho year •nd•d 310ocomb•r 2024 Al KawtharA¢ad?my & Subsldlary Undertaking Consolldated 8alanco Sheet Group 2024 Charlty 2024 Group 2023 Charlty 2023 Flx•d A¥ts Tangible A¥8et$ Inve8trnents 152.784 478,175 152,784 476,175 163,588 492,737 163,586 492,737 10 Total Flx•d Ass•ts 828.939 628,939 856,323 656.323 Curr•nt A8s•ts Siock 11 10,351 155,709 6,400 162,679 331,771 500,849 Debtor8 12 148,511 372,980 158,919 Ca8h at bank and in hand 398,560 301.969 Total Curr•nt Ass•ts 562,620 519,491 460,888 Ll*bllStl•s Credltor8.' Amounts falling due within one year.. 13 .9,007 -31,781 4,624 4.229 N•t Curr•nt A88•ts 553,613 487,710 496,225 456.659 Total As8•ts1•58 Cuff•nt Uabllltl•s 1.182,552 1,116,848 1,152,548 1.112,983 Credrtor8'. Anlount falllng duo after moro than on• year 14 -19,049 -17,180 -20.049 -17,180 N•t Ass•ts 1.183,503 1,099,468 1,132,499 1,095.803 Th• Funds ol th• Charlty Unr8$trktod revenue accumulatod fund& D881gnated Fixed Assot fund8 Rovaluatlon Reser¥e 585,872 133,758 443,873 519,988 135,627 443,873 541.849 146,777 443,873 502,283 149.646 443.873 Total Unre8trlded Fund8 1,163,503 1,099,488 1,132,499 1.095,803 Total Charlty Funds 15 1.163,503 1,099,468 1.132,499 1.095.803 The trustees have prepared group a¢UnIS In acrdanCe with seclion 398 of the Companles Act 2006 and sectton 138 of Ihe Charities Act 2011. Audit Exemption For Ihe fInanal year In question th6 eompany was entitled to exemplion under 8•1aion 477 of th• Compani08 Act 2006 re18tlng to small companies. No member8 have requlred the company lo obtain an audll of rt8 accounts for the year in question in 8cMrdance with 8eclion 476 01 the Compani88 Act 2008. The director8 acknowledge thelr respon8ibilty lor complying wrth the requirement8 of the Act wlth raspect to accounting record8 and for the preparatlon of the accounts. These acMunt8 have been prepared in accordanca with the provi8lon8 appllcable to companie8 8ubJect to the small companio8 regime. The no188 at pages 12 to 18 form part of thè8• ac¢ounlb. Trust••lDlrnetor M A Rahman Approved by tho board ol trust•o8 on 23 80plemr 2026
Al KawtharAcad•my & Subsldlary Undortaklng Annual Roport of th• tru8t••s for the y•ar •nd•d 31 .D•eemb•r 2024 12
Al Kawthar A¢ad•my & Subsldiary Undertaklng Annual R•port of th• trusts88 for ih• y•ar •nd?d 31 DK•mb•r 2024 Not•s to Ihe A¢UnlInp p¢li¢l•s •) Basls.of pr•p•r•llon olthe eonIS The finandil 8l&t•rntrnts hav• been prepared In accord•nc wllh Ac£ounlryJ and Repoitlng by Chartb•8'. Slalemgnl of Ree4Jmmend•d Pfaeti appllcablt lo ¢hèrillti and CoMnIe6 Acl 2006. AJ1¢t8 and Il•bllillei arn Inltlally recognlb¢d at hhtorlc41 or tr4n•#dion v#lu8 tsn1¢8• othe18¥ Jlaled h thè relevant a¢coLffillng pdlcy nolelsl. Advantage ha8 been tsken of Seclton 396151 af Thtr Companle8 Ad 20(6 to ouow Ihè lornat of Ihe fffiand•l 8lalements to be adapted lo relled th& bp¢dal nal(fft ofthe ¢harty'8 operatlon and In order to ¢omptry wtth th8 requlrements ofthe SORP. Tno partleular aceounts'no polld•8 adoplod are 8et bolow. &) Aceountlnl 6wnv•rtlon Th• flnanclal 8thlemonts ir• prnp•r•d, on a gokng ¢onc•m b••S1, und•r th• hl•iortc•l ts1 ¥•nI10. Ineomlng Rosour¢•J In¢(knlng r••cure48 ¥• •¢¢ounted for on * r•célvobl• babl•. Investment Incom• Rental In¢omo Is Induded kn the inethne and expenditwe iee4unt n•t of e4lle¢tion ¢h4rgp8 on A re¢èWAe basis. ej RecolnlllL of Il•bilrtl•$ LlabllllleB are réewned on the a¢uualg b••l• In ac¢ord8nc¥ wllh nomial i¢cJunt4ng prlnclpl•$, modffled wherv nec6•8ary In a¢¢Ordan wllh the gultl4nc• gfv•n kn tlw Stt•m•nt of R•Lwmm•nd•d Pra¢tlc• for Agxundng Reportlng imued by lh• Ch•rty Comml••lon•r• for Engl•nd & WAle¥. dj Exp•ndlture In 1ClIr tho pollcy for Indudlng N•m8 wllhln rJ)sts of genw•llng fvrrfl•. th•rttable a¢tlvRb• And qovemnL coth I•.. •) R81 fur$ Th• ¢o•t8 ol r8l$lng •rKI gtroth9 fund• •haR IncK¢d• tjeallng •1•, aTrl manqem•nt and •dbl•whf fv¢• Incurr•d In r•8peel ol Inv•8lm•nt ffl•n#gèmonl . Gh•rfl•bl• •dlvltloJ Ch•rtt#bl• eXP•b>Jltur• •hall Indud• Ill exp•ndtturn dlr•dty r•loted lo Ihe oty•di of lh• ¢h4rlty Inc4udhg th• fomowlng :. The ¢061 ot good8 and e•rvk¥ ond anclllary Iradlng •16 thal h•ve bfi Inojrnd In tharknble 4ct6¥111•8.Any 6laff eo•l• Inwred •1 a dlre¢t Support ¢YJ8t6 01 ad10• Support e4>818 of ¢Uvltlè• for eharttable purpo8•9 CnPrt91ng any co•18 In(4udlng 8alory Cog18 ol any •l•ff Ihal are Inbthd wfth iupportlng th• ¢h•rllable adlvhl81. V). Govorn•rtC• Gov•m#rKe ¢081• jh• Inc• Ill •xp•raltur• dk•dty Ineurr¢d In th• m•n40•rn•rt •llh• th•rtty'• Ind ¢oMplIan wlh th•rA•bh ind Ililulory requlr•m•nt•. h) AllOtIm Al¢o¥ wtthln typ ofr•MurGw exp•nd•d Th• m•thod• and prlndpt•• for •lIatIon appartjonmfrnl of all c••t• b•lw••n th dlff¢r•nl aclvty¢al•gorl88 ol r•ouro1 •et out abov• Theft 8re o number of Co•, wh8r& It 1$ Imprac¢kable Its 8lk¢Alè thè8e co818 pr•d$ely belw••n admlnlBtr•tton and eharfl•blv •xpendtture and Ihe Iru61è0& haw ttlloeted co818 on th• ba$ of roasonablo esumates •$ lollow$:. Slaffing co$1$ and r01oted fjXF0nO On th• ba818 141•ry ¢o•t•, and è$tknot•d lkn• #pent on dlfferenl dlvl¢ki• Pr•M1 co8t8 aNI rnloted expenees on Ih b41h confjlelent wtth Group Fln•nel•l St•t•monlJ Th• ffinan¢lal 8lalem•nts of lh• ChorW• tr•dlng substdllry cornpiny, Al KThr Produdlon8 Ltd, are con1ld8tOd wilhln th• •+xourrtB pf th• Group on 8 ling by line b48tJ, In accordanc wtth vJrrenl kgl8lakn'on. Th& Staloment of Financial AXIth8 Indude8 the Income and expenditure from the 8uboldlary rthipany. A BeparalB Statement of Finanaal ActfvlU•B, v Inu)me and expendtturfr 8c¢ount, for thp tharlty Ila¢W 1$ not . we8ented becauBe the chffrtty ha81ok¢n a¢fv4ntoge ofthe •Xempon9 offorded by gecllon 408 ofthfr C¢mpanlgs Ad 200S. Note 3 pl8 d•tll• olthe Ineome and expendAurn of Iradlng )ubollry. Al Kawth•r Product Ltd18 eon•ld•red to b• An Intrln•lc pArt olA Kalhir Ae4demy •thle¥lng It• OWKIIVM. 11 Flx•d 1•1018 •nd d•préclthtlon t4n9lbl6 flxed 4s$9ts, 4r• $t•led Al eo d•prnd•llon. Ilttml 0110 th•n £IQO •rg nol c4pllAl1. O•pTeclatlon hij b•en pro¥ld¢d •1 I frllowlng rale8 In tydei to wflte off the a8S¢to Ile6sth¢ir expp¢led ie8ldual vtue ) over thetr eBtlmated sAeful econom1¢ Ilves. Freehold18nd and buildings Over SO year8 Plant and Machlnery Over 15 ye4r$ stralghl lin• b••l$ Fixtures, fft¢lng$ Over 8 yegrs straillht line bg8iS Offic• 8qulpmenl Ovw 4 arn straight line ba$lJ Computer EqUent 0r 4 y••r¥ ¥lralght Iln• b•• kl Inv•$lm&nt Lar¢ term InveBbn•nts ar• thiilfi¢d 08 flx•d •u•t8 Ind •l•t¢d At rront lU. Th•y ¢onil8t of 8thldkry undertaklng lI•18d Inve8lment•. stock Slo¢ks and work In proHre88 are stated #i th? knwer of rml and nel realbsa Yo¢. Net rtalIBat ¥ae13 ba8ed UPDn estimated s¢lllng prk• Ipos lurther 16 expeded 19 be [n¢Ued b c4mple1 and di8pD8è1. 13
Al Kaar Academy & Subsldiary Undertaklng Annual Roport ol th• tru8t••s for th• year •nd•d 31 D•¢•mbor 2024 Not•s to the aooounts (¢ontlnuod) ml TaxAllon A• • reg19leT eharity. IM ecfflpany l• •x•mpl from In¢ome and corw•tk)n t•x lo th• exl•nl thot It• Ineom• and galne ar• •ppllubl• to charlloble pufpo8eJ onty. Value Add•d T4x16 r¢ot reCer&b by the ewnpthny , and18 Ih•relore ine4uded In th• rekvanl c48ts In Statement of Flnandal Activitie• n) Funds $trUCre poll¢y Th¢ charfty m8lnlalns a general unrestrided ftmd whleh repr•8ents fvrls whlth are ¢xpendable at Iht dl8¢rnllon of th& tru•tse8 In lurtherance of tho. oWe¢ts of Ihg ¢harity. Suth lund$ may b• ld In 0er to flngnce worklng caphal and cap6tal Inv•8tment. Restn'cted fund8 hi¥ been prOded lo ¢harfty lor particular puipo$e$, and tt 18 the poll¢y of th• board of trusttea lo ¢brefully the monrtor th¢ pletIOn of th06e funds i a¢¢ordanc wlth the roBtrl¢tlpn8 pl4rd upgn tm. The Chorlty Al pre8ent holds no rethclèd fvnd•. A d•$ènat¢d fixed a01 fvnd 18 m•lntalngd whlch reprEntI the wiltt•n down v•lu• of langlblo fixed ¥¢t&. Th•r• l• no lom•l pgJl¢y of Ir4n8fvr betsv•en lund$ oi on lh• •llacallon of fvndl to deinat•d fvnd8, olh•r than thot d•8¢rlbed ats0. Any oth•r propo6•d Iran•f•r b•tw•en'fundi woufvj be conild•r•d on th• partlcular drcuM•1n. 2 IDell•ltllsurplu• lorth• Ilnan•l•l y•ii 2024 2023 Th1• 1$ 8latsd •ft•r #r•dltlno: . D•pr•d8tlon of Ilmd 4iMI• 27,384 27,373 Tru•t•• exp•M•• No •xp•n••¥ w•r• p•ld to tfu•h•• Or ¢onn•d•d p•r4on•. Fln4n•l•l p•rf•rnwn•• by a•t1ty FMndr•l•ln• Edu•aUon•l Pr•or•mm S•¢lAI R•llql• Advlo• Tqtsl 2024 T•t•l 2023 Don•llon• Charflabh •dlvlll•• Inv•Btfflenl Trodlng.. Sub•ldbvy Tolgl InCne 31,115 31.11B 184,409 48,000 7,154 270 678 27.744 170,308 48,000 10,540 212 420 184,409 48,000 7,154 Sub•ldl4ry and •xp•ndltUM 2024 2023 Turno%w 7.425 7,425 40,280 10,540 10.540 Total tradlnp nme Expenditure Ngt ProNto691 f¢rlhe flnandol 36,285 14
Al Kawthar Academy & Subsldlary Und•rtaklng Annual R•port of th• trust••s tor the y•ar •nd•d 31 D•¢•mb•r 2024 Turnover 7,425 10,540 Elthlnatlon of lthr-ccYnpAny lile# AIju51ed Ine4meto oroup a(xounts 7,425 10,540 Expendltur• 40.280 36.285 Efimlnauon ol Inter4omp8ny ch8rg01 40.280 38,285 15
Al Kawthar Academy & Subsldlary Undertaklng Annual R•port of th• tni8to•s for th• y•ar •nd•d 31 D•c•mb•r 2024 NooS to the a¢counts {¢onenued} 6. An•ly818 •1 oharltAbl• •xp•ndl¢urn by •otfv 24 2D23 N•lur• •f Ch•rh•bi• exp•ndllur• EduoAllgn•l s1•1 Rellgl•u6 IUY4drnl•lni Pr•orwnm•• Ad¥lo• T•t•l Act111•6 Undertaken Dlrnd ,317 106.904 38,382 154,602 112,577 Support Colts of Ch¥iW• Adlthe8 . 1S.108 41,100 28,884 85,072 78,738 Tat•l Exp•ndliur• 24.425 148,004 67,248 239,674 189,315 An •xpl8nollon th• maln f••tur•• of ¢h•rtIal> •xp•rKlltur•119fv•n In not• 110 lh• •c¢ounts 7 Anityol8 ol Total Supp•rt C••ts by A#tlvlty 2024 2023 N•lur• Support C•sts F¥ndr•lBlno Edu••tlon41 Pr••ramm S•ol•l R101•Y9 Advlo• T•l•l Man•#•fflonl & Admlnl•lr•tlon 791 38,336 2,764 24,70 4,158 28,884 03,833 21,239 85.072 40,504 38,235 14,317 15,108 T•l•l exp•ndltur• 76,738 staff C•8ts and Em•lum•ni• 2024 2023 Grom Sal4rl•• 78.295 48.314 Ilumb•r •1fi11141m• •qylv•l•nt• •mpl•y••• Chafllablè Acllvttlei 2024 2e 2023 Volunle•rs havo don•t•d an urquantlftable amc+unltlm• lo Al Kawlhar Ae4demy Il valu• olwhfj¢h18 Impo84lblo 10 reflvct. Thore wgre no fee$ Of olhef remuneratton pabj lo Ihg Iru8tee• There wére no employ¢•swith •molumtsnts in •XCe8B ol É80.000 per onnum N•Mttèr Iru81ee• rrjr any per8onJ connecl¢d wilh Irn ha e81¥ed any rnmun•r4tloN etther In th& ujrrnrrt ytAr or the prlor Year. Tinilbl• fun0tlan flx•d *18•t• 16
Al KawtharA¢ademy & Subsldlary Undertaklng Annual Report of thg trust•os for tho y6ar •nd•d 31 D•¢omb•r 2024 Pr••hald Land and Planl M•ihlh•ry & BulldlNq• V•hlol•• Flxlur•• and PlttlTr T•tsl Gr•up A88et CMI At 1 January 2024 Addrtlons 018pall At 31 D•••mb•r 2124 243,784 15,928 15,000 274,712 274 712 Aumulated Dey¢datlon At I JAnuary 2023 Charge for th? yèar At 31 D•••mbw 2023 92,699 15.928 2,500 2,500 0000 111.127 10,821 121,848 101,020 Net 8ook Val Al 31 Dèoember 2f23 At 31 De••mb•r 2022 142.784 151086 10.000 152.764 163 $88 17
Al Kawthar Academy & Subsldlary Undertaklng Annual R•port of th• trnsts•s for th• y•ar •nd•d 31 D•¢•mb•r 2024 Frn•h•ld Laftd and Ptsrt Ma•hln•ry & 8ulldlnq$ V•hlol Flxtur•s and flttlng8 Totsl Chlrlty A88•t Cmt Al 1 Jgnuary 2024 Ad+Jlllon¥ 243,784 15.928 53.274 312,986 Dlsposali At 31 D•••mb•r 2024 243.7 16,928 53,274 312.986 Accumulalod Deprnc1411on At 1 Jarsuary 2023 ¢horg• I¢T tho ytrAr At 31 D•Mmb•r 2023 92,699 15,928 40.774 2.500 149.401 8,321 10.821 101,020 15,928 43,274 180,222 N•1 Book V•h At 31 D••emb•i 2023 142,784 10,IJOO 1J2,784 At 31 O¢••mb•T 2ty12 12,500 163.688 All ••Mt• •r• u••d lor dlr•d tharll4bh pu01 and th•r• ar• no In•l•nabl• OT hertt•g• ••••t•
Al KawtharAcademy & Subsldiary Undertaklng Annual R•port ol th• trustsgs for tho year •ndod 31 DK•mbor 2024 Not•5 to th• a¢¢ounts (¢onllnu•d) 10. Fl¥¢d Aow•t Inv•8lm•nts 2024 Totsl 202) Totsl L•M•d Pr•p•ty UnllBt•d Valu• at 1 January AddMl•ns D•pre•lallon Valiw at 31 D•••mb•r 4¥2.736 4•2.737. 50•.611 116.583) 478.173 116.583) 110,5121 476,173 492.739 Th• omup •ul a bulldlng und•1 an •p•ratlni l•a••. Th• leA8•wIII l•r thr•• y••rn tllh an W•n t• v•nv•V lh• lus• •ft•r tht d•t•. 11 Sl••k 2023 2022 Good• for rn•at• ,10,351 e,398 12 D•blorn 2024 2024 2023 Group Ch•rlty Gr•up Ch•rlty Amounts ii¢J• from sub91dry Undert•klng• tr•d¢ Dgbtorn 141,709 14,00 132,511 14,000 138,679 26,000 132,919 i•1 Debloil 26,000 Pr•pald Exp•nM• Tot•1 155,709 148,511 182,679 158,919 13 Cv•dltm: Im•unt• f•lllni du• wlthln •n• y•*r 2024 2024 1023 2023 Group 9,007 Group 4,624 Tr1 ¢rndliorn 31.781 4,229 14 Crndlt•rn:. Amwnt• F•llln• du• aft•1 on• y••r 2024 2023 2023 Group 19,049 Group 20,049 Cherfty 17,180 Unwr•d Loan8 from thlrd p•rtl•• 17,180 IS L•M• Al 31 O•o•mb•r 2023. th• fthur• mlnlmum I•• p•ym•nl¥ und•r n•n4an••ll•bl• l•••M w•r• r•o•lb •8 t•114)W8 2024 2023 L•u Ih•n on• y•ar 48000 B•lw••n orw •nd ihr•e year• More than y•ors Totsl 9S,000 19
Al KawtharAcademy & Subsldlary Undertaking Annual R•port ol th• trust••s for th• y•ar •nd•d 31 DKembor 2024 16 AMIY8 •las6•ts and IIAblllth8 r•prns•ntlno fvnds At 31 O•wnb•r 2Q24 Unmtrl•t•d OlInal•d Talal nd• lunrf• Fund• Tlnobi l• Fth•d A8Mts Inv06tmenl• 192,784 476,175 152.784 478,175 582.620 1g.C¥)71 Curr•nt A18 562,620 19.Cl)71 Currnnt L1•bHoi Lono Twm Llobilitl•• 353,613 609,890 1163503 17 Ené•wm•nl Fund• Thg twnfy hod no •ndgwmenl fur#l8 In th• year ended 2023 or In the year 2022. 11 Sh•r• eApft•l Th• eharfty l• Ilrnlt•d by guranl•• lh h•• no •h•r• ¢ap•l. 19 R•l•t•d . Al K•wlh•r Producllon• Ltd IJ a wholly owntrd •ub•ldl•ry ol Al K•wthrAcad•my. Ourfno th• y•or •nd•d 3111 D•o•mb•r 2024, AI K•wth•r A¢adomy was Nll Inl•r.¢ompany $•18•, Th• ¢h•rMy h kncorpprthd und•r th• Comp•nl•i A¢t r#l ID by gu•r•nt••. 20