COMPANY REGISTRATION NUMBER: 05889208 CHARITY REGISTRATION NUMBER: 1119056 Jamia Al-Karam Company Limited by Guarantee Unaudited Financial Statements 31 August 2025 K B M UK LIMITED Chartered Certified Accountants 1 Concord Business Centre Concord Road London UK W3 OTJ Jamia Al-Karam Company Llmlled by Guarantee Financlal Statements Year ended 31 August 2025 Page Trustees, annual report (incorporating the director's report) Independent examiner's report to the trustees Statement of financial activities (including income and expendtture account) siatement of flnanclal poshlon siatement of cash flows Notes to the financial statements Jamia Al-Karam Company Llmlted by Guarantee Truslees, Annual Report (Incorporating the Dlrecior's Report) Year ended 31 August 2025 The trustees, who are also the directors lor the purposes of company law, present their r•pJrt and the unaudited financial statsmerts of the charlty for the year ended 31 August 2025. Referenco and administrntive detail$ Reglslered ¢harlty name Jamia Al-Karam Charity reglshtlon numbar 1119056 Company reglstratlon number 05889208 Prlnclpal offlce and reglstered Ealon Hall office Rettord Nottinghamshire DN22 OPR The trustees Mr M l H Pirzada Mis G Fatima Mr l Hussan MrABGAIi Mr. B H Pirzada Compgny secretary Mr. B H Pirzada Independent oxaminor KBM UK LTD 1 Concord Business Centr8 Concord Road London UK W3 OTJ SlructUfOy governan￿ and management Govornlng documont Jamia Al-Karam is a charitable company limited by guarantee governed by tts Memorandum and Artlcles of Association dated 27 Juty 2006. The charity is reglstered the Charity Commission for England and Wales. Appoinlmont ol trustees Trustees are appointed in accordance wlth the Art￿leS of Association. The board may appoint individuals who meet the eligibility criteria set out in the oovernlno d(￿Ument and who are willing to act as Iruslees. Jamia Al-Karam Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (¢onli*u•d) Year ended 31 August 2025 Structure. governaneo ind management (conth Organlsatlon The trustees are reswnsibte for the overall governance. strategic direction and financial oversight of the charlty. The trustees meet regularfy to review the activtties and performance ol the charity- The day-to-day management and administration ol the charity is delegated lo senior management staff, headed by the Vlce-Principal. opeiating u￿ler the supemsion ol the trustees. Related partles The charity has a close relationship with Jamia Al-Karam Ilslamic Educational and Cultural Trusti, the founding entty prior lo the incorporation of the charitable company in 2￿7. Jamia Al-Karam Ilslarn Educational and Cultural Trust) holds the freehold inlere51 in Eaton Hall, Ret[C￿d, DN22 OPR, from which Ihe charity (yrales. On 31 December 2025. the ¢harity entered into a sevgn-year lease agreement wrlh Jamia Al-Karam Ilslamic Educational and Cullural Trusll in respe¢l of the Eaton Hall sile at an initial annual rent of £6,000, Under the terms ol the agr$em&nl, the ¢harity is responsible lor th¢ maintenance and insurance ol the propety. During the year, grarrt funding was received from Muslim Charty Helping the Needy. an organisation in which certain Irustees of the charity also seNe as Irustees. Th8 trustees consider the transaction lo have been undertaken in the ordinary course ol the charitable activities of the respective organisalions. Rl$k Management The truslees are responslble lor the management of the rlsks faced by the charity. The trustees, together wth senlor managemenl. regularly revlew the major rlsks to which the charty may be exposed and have eslablished systems and procwlures lo mlugate Ihose rlsks where aFproprlate. A risk reoisler is m￿ntaIned and review￿ annually. In relation to the premises w¢upied and used by the charity, fire risk and health and safety assessments are carried out by suitably qualified professionals. Appropriate pr(￿ureS and controls are in place to minimise identified risks. Objectlves and a¢tlvltles The objectives of the charity are.. To promote the faith of Islam and Islamic charitable in5tilutions in the Unit&J Kingcl)m and overseas. in particular, but without prejudice to the generality of th8 foregoing, by.. 1. The advanc9ment of th9 Islamic Faith- 2. The advancment ot education and in particular the prowsion of schools for Musllm children and the education and training ol muslim Scholars and the provision of Muslim education in men and 3. The relief ol the infirm, aged, wjor and n9edy- 4. Sueh other purposes that are charl1a￿e in English Law furlher the lallh ot18lam. Jamia Al-Karam Company Limited by Guarantee Trustees. Annual Report (Incorporatlng the Director's Report) (¢onrfnu•d) Year ended 31 August 2025 Strateglc report The following sections lor achievements and performance and financial review lom7 the strategic report ol Ihe charity. Achlovements and performanc• During the year, the charity continued to strengthen its fundrai5irwJ acti￿ties, resulting in Sustained donor support and flnancial slabilily. Ramadan fundraising campaigns performed particularly well, with the annual live telethon proving especially suc¢esslul in generating donations and increasing engagement ￿th Ihe charftls educa*'onal and community project5. The charlty ￿ntInUed its programme ol campus development and relurbishment throughout Ihe year. Significant worts Included major roof refurbishment works lo the classroom block. tcoelher wllh upgrades to washroom facilities, contributing towards the Improvement ot the learning environment for sludents and vlsllors. Educationalty, the charitys prograrnmes continued lo progress well, with student nufnbers remaining steady. The institution ¢ontinues lo promote a balan¢ed curriculum integrating faith-based education wllh a strong emphasis on ¢iliz¢nship and positive community engagement. Nationwide educatlon courses delivered in partnership with alumni and local ¢enlres ￿s0 continued to expand. with graduates leaching and serving In mosques and communities across the country. During the year. an online alumnl portal was established and has proven successful In 5trenglhening engagernent and relations b8tween alumni and the institution, whilsl also supporting the wkler activities and fundraising efforts of the charity. The JAK 2025 Convention was a resoundlng occasion and attracted slgnificanl community participation and support. The contlnu&J engagement of supporters, students. graduates and the wider community has provided a strong foundation for the charitys ongoing educallond and charrtable activities. Financial review During the year. the Charity continued to develop and support boartling educational institution and wid&r charitabb projects. There was an operating suwus of £70.571 lor the year. The unrestrlcl8d lunds are In surFdus by £925,913. Total incoming resources for the year, In¢luding the donations, tolalled £783,048. 17->-x The trustees, annual report and the strateg1¢ report were aFproved on on behatl ol the board ol trustees by.. and signed Mr M l H Pirzada Trustee Jamia Al-Karam Company Limited by Guarantee Independenl Examiner's Report lo the Trustees ol Jamia Al-Karam Year ended 31 Augusl 2025 l oport to the trustees on my examination of the financi￿ statemerts of Jamia Al-Karam {Ihe chariVI for the year ended 31 August 2025. Responslbllltles and bag19 ol report As the Irustees of the tt*mpany land also ils directors lor the PLJrposes of company lawl you are responsible lor the preparation of the financial slalemenls in accordance with the requirements ot the Companies Act 2006 Ilhe 2006 Act'l. Having satisfied mysew that the accounts ol the company are not required to be audrted under Part 16 ol the 2006 Act and are eligible tor independent examination, I report in iespect of my examination of the charitys accounts as carried out under section 145 01 the Charities Act 2011 I'lhe 2011 Act'}. In carrying out my examination I have lollowed the Directions given by the Charrty Commission under section 14515llbl ol the 2011 Act. Indepondont examlnorfs statement Since the charitls gross income exceeded £250,000 your examiner rnust be a memb8T of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the exarnination because l am a mèmb8r of the Association of Chartered Certified Accountants, which is one of the listed bodies. I have complelgd my examination. I confirm that no matters have come to my attention in connection th the examination giving me cause to believe-. accounlng records were not kept In respect of Ihe charlty as requlred by sectlon 386 of the 2006 Act: or Ihe financial slalements do not a(xord wih ihose records. or the financial slalements do not comply with the accounting requirements ol S￿tion 396 of the 2006 Act other than any requirement that the accounts give a 'lrue and lair. view which is not a matter consider￿1 as part ol an indep8nd8nt examination,. or the financial statements have not been prepared in accordance wilh the methods and principles of thg Statement of Recommended Practice lor accounting and reporting by charities applicable to charities preparing Iheir accounts in accordance with the Financial Repr)rting Standard appli¢able in the UK and Republic of Ireland IFRS 1021. Jamla Al-Karam Company Limited by Guarantee Independent Examiner's Report lo the Truslees ol Jamia At-Karam (Gonllnwdl Year ended 31 August 2025 I have no concerns and have come across no other matters In connectlon wlth the examlnatlon lo which attention shoukl be dravm In thls rewrt In order to enable a proper understandlng of Ihe accounts lo be leached. KBM KBM UK LTD Independent Examiner 1 Concord Business Centre Concord Road London UK W3 OTJ Jamia Al-Karam Company Limiied by Guarantee Statement of Flnanclal Aclivltles (including income and expenditure account) Year ended 31 August 2025 2025 Unrestricted funds Total fund8 Total luTrds 2024 Moto Ineome 8nd endowments Donations and legacies Charltable aclivities Investment income 647.661 135,175 212 647.661 135,175 212 469,520 173.789 Total Income 783,048 783.048 643.309 Expendlture Expenditure on raising lunds: Costs of raising donalions and legacies Expenditure on charilablo activities Totrl expenditure 26,256 686,221 712,477 26256 686221 n2,4TI 14.244 588,029 602,273 9,10 N•t Incom• and not movomont In funds 70,571 70,571 41,036 Reconelllatlon of funds Total funds brougm fowrd Totsl funds carriod fonvard 855.342 8S5.342 925.913 814,306 925,913 855.342 The slalemenl of flnancld a¢JvRles Includes galns and losses recognlsed In the year. All income and expendlture derive from continuing xtiwties. Th8 nots¥ on pago8 9 to 16 form p•rt of thpgo fin•n¢i•l gtst8m•nts. Jamia Al-Karam Company Llmlted by Guarantee Slatement of Financial Posltlon 31 August 2025 2025 2024 Note Flxed assets Tangible lixed assets 15 350057 301,109 Current a￿01$ Deblors Cash al bank and in hand 16 30,916 570,907 601,823 29,907 536,217 566.124 Credliors: amounts falllng dua within one year Net current assets 17 26,767 11,891 575,056 925,913 925,913 554,233 Tot81 assets less Current Ilabllltles 855.342 855,342 Funds of the charlty Unreslricled funds 925.913 855,342 Total charlty funds 18 925,913 855,342 Fof the year ending 31 August 2025 the charity was errtitled lo exemption from audit under sectlon 477 of the Companlgs A¢1 2CK)6 relaling to small companies. Dlr8Ctors' responsibilities: The members have not required the company to obtsin an auclil of ts financial statements lor the year In questlon In accordance vrith section 476. The directors a¢kno1￿edge thelr reswnslbllities for complying with the requiremonts ol the Act with regpect to accounting records and the preparation of financial statements. These financial statements have been prepared Sn accordance with the provisions appllcable to companies subject to the small companles, reglme. These financial statements were approved by the board ol tru$te8s ar￿ authorised for issue on i.}.-.r.- .x.-a, and are signed on behalf of the board by.. Mr M l H Pirzada Trus18e Tho Th￿0$ on p8go¥ 9 10 16 forni part of th•gè flnftn¢i•l ¥tstem8rrt¥. Jamia Al-Karam Company Llmited by Guarantee Statement of Cash Flows Year ended 31 Augusl 2025 2025 2024 Cash Ilows frorn operatlng actlvltl¢s Nel income 70,5n 41,036 Adjustments lor.. Depreciation of tangible fixed assets Other interest receivable and similar income Interest payable and similar charges 51,793 {212} 3,411 111,435 5.468 Changes in.. Trade and other debtors Trade and other creditors 11.1)09) 14076 139,430 12.9251 {28.2001 126.814 Cash generated from operations Interest paid Interest received {3.411) 212 (5,4681 Net cash from operaling activities 136231 121,346 Cash flows from Investlng acllvllles Purchase of tangible assets Net cash used In In¥esllng actfvllles (101,541) {101,208} (101,541) 1101,2081 Net Increose In cash and cash equlvalents Cash and cash equlvalents ot bgglnnlng of year Cash and cash equlvalents at end ol year 34.690 536,217 570.907 20.138 516,079 536.217 The note$ on p•ge$ 9 to 16 forni part ol th•s• Ilnanclal •tst•ftwnts. Jamia Al-Karam Company Llmlted by Guarantee Notes to the Flnanclal siaiements Year ended 31 August 2025 General Intorniatlon The charity is a public benefit enttty and a prNate company limlled by guarantee, r￿[Stered in England and Wales and a registered charty in England and Wdes. The address of the regislgred oflice is Eaton Hall, Rettord, Nottinghamshire. DN22 OPR. Statement of compllan¢e These linanclal statements have been prepared in complian¢e ￿th FRS 102, 'The Financial Reporting Standard applicable in th8 UK and the Republ1¢ of Ireland,. Ihe Statemenl of Recommended Praclice applicable to charities preparlng thelr accounts In accordance with the Financial Reporting Standard applicable in the UK and fiepubllc of Ireland IFRS 1021 {Charitles SORP IFRS 10211 and Ihe Companvas Act 2006. & Aecountlng poliei•s Basls of preparatlon The principal accounting polKies adopted in Ihe preparation of the financial statemonts are sgt OLrt below. Golng concern There aro no material uncertainties aLvJul the charitys ability lo continue. Judgèments and key aources of estlmatlon uncertalnty Tho preparation of Ihe financial statements requir85 management to make judgements. estimates and assumptions that affeGt the amounts reported. These estimates and Judgements are continually rewewed and are bas¢d on Oxpefience and other laclors, including expectatlons of future events that are believed lo be reasonable under the circumstances. Fund accounllng Gonaral funds are unrestricted funds which are avallthe lor use at the dlscrellon of the truslegs in furtherance ol Ihe general objectives of the charty and whl¢h have not beon designated for ¢)ther purposes. Restricted funds are funds whlch are to be used In accordance wlh $￿Cl11C restrictions imposed by donors, or which have been raised by the ¢hartty for particular purrxjses. The cost ol raising and administering such funds are charged agalnsl the speclflc fund. The airn and use ol each resliicled fund is set out in the notes lo the Ilnanclal statements. studant Fee Income Fee Income Is attributed to the perSod into %thich it relates. Voluntary Incomg Voluntary Income is accounted lor in the perfod In which thè charity is entitl8d lo rec8iPt, unless expressly specltted otherwise by the donor. Jamia Al-Karam Company Llmlled by Guarantee Notes to the Financlal Statements (conllnu8d) Year ended 31 August 2025 Accountlng pollcl89 (conthwed) Incomlng resourc88 All incoming resources are included in the Statement of financial actiwties when entl￿ement has passed to the charity- it Is probable that the economic benefits associated with the transaction IMII flow to the ehanty and the amount can be rella￿Y measurgj. The tollowng spe¢ifi'¢ policies are appli&1 to particular calegones ol irtome.. income from donalions or glanls is re¢ognised when there is evidence of entlllement lo the glft, re¢elpl Is probable and Its am¢xJnl can be measured reliably. legacy income is recogni5￿1 when receipt is probable and enlillemenl Is 851abli5hed. income from donated good5 is measured al the fair value ol the goods unless this impradical lo measure reliabty. in which case Ihe value is derived from the Gost to tho donor or the estimated resale value. Donated facilitie5 and 5ervice5 are recognised in Ihe accounts when received "rf tho value can be reliably measured. No amounts are includwj for the conlribution ol general volunteers. income from contra¢ts for the supply of services is recognised with the delivery of the sntracted servi¢e. This is classrfied as unreslricled funds unless there is a contractual requirement for it to be spent on a particular wrpose and relumed rf unspent, in which case it may be regarded as restricted. Resources expended All the expendilure is accounted for on an accruals basis and has been classifled under headings thal aQJr￿jate all costs related lo Ihal category. Cosls of generating funds are those Incurred In seeking voluntary contrilJJtions. Costs ol charttable activities are those costs incurred directly in support of axpendilure on the objectives of the charity. Govemance costs are those incurred in ￿nnectIOn with administration of the charity and compliance wilh Ihe constilutiond and stalulory requirements. Depreclatlon Depreciation has been computed to V¢Tite off the cost of fixtures and fittings and equipments ovor their expected useful live5 using 1501• per annum of ngt kook value and lo off the ¢ost ol leasehokl improvements over Iheir exp8cled useful life using 1 OY• per annum of ¢osl. Optratlng1è8so$ Rentals applicable to opgraling leases are charged lo the SOFA over tho period in which the cost is incurred. Tanglble a88ets All fixed assets are initially recorded at cost. -10- Jamia Al-Karam Company Llmited by Guaranie8 Notes to the FSnanclal Stslements (eonllffwdj Year ended 31 August 2025 countlng poll¢loS (conthwd) Depr8¢latlon Dep￿Ciall¢A is calculated so as to Yrfrite off the cost or valuation of an asset, less ils residual value, over the u$8ful 9conomic lrfe ol that asset as follows: Leasehold Property Fix1ures & Flttlngs Equipment straight lin8 150/0 reducing balance 15•/ti reducing balance Impaimwnt of flxed asset$ A review for indicators ol impairment is rArried out al each reporting date. with the recoverab amount being estimated where such indi¢alors exk8t. Where the ca￿]ng value exceeds the recoverable amount, the asset is impaired accordingly. Prior IMp￿rmentS are also rewewed for possible reversal at each reporting dale. For the Purposes of impairment testing. when il is not possltle lo estimate the recoverable amount ol an individual assel. an estimale is made of the recoverable amount of the cash- generating unit lo which the assel belongs. The ¢ash-generating unll Is Ihe smallest identifiable group of assets that includes the asset and generates Cash inflows Ihat largety Independent ol the cash inflows from other assets or groups ol assets. For impairment testing ol goodw611, the goodwAII acqulred In a business combination is, from thg acquisition date, allocated to each of the cash-generating unlts that are expected to benefil from Iho synergies of the Combination, iirespectTV8 of whether other assets or liabiliti&s of Ihe Charty are assigned to thos• units. Financial in￿ruMents A financial asset or a financial liability is recognised only when the charity becomes a paty to the conlra¢lual PrO￿S1on$ of the instrument. Basic financial inslNmenls are initially recognised at Ihe amount re¢eivable or payable including any related transaction costs. Currenl assets and currert liabilities are subsequently measured at the cash ￿ other consideration expected lo be paid or r￿e1Ved and noi discounted. Debt instruments are subsequentty mgasured at amortised cost. Where investments in shares are publicly traded or thelr falr valtje can otherwise be measured reliably, the investment is subsequentty measured at falr vdue bmlh changes in lair value rec￿JnISed in income and expenditure. All other Such invastments are subsequently measured al cost less impaimienl. Other linancial in$lJum8nts, including d8rrvatives, are inrtialty recognised al fair value, unless payment for an a$set is d818rred beyond normal business terms or financed at a rale of interest that is not a market rate, in which ca$0 the as$gt is measured at the present value ol the future payments discounted at a market rate ot interest for a Similar debt instrument. Jamia Al-Karam Company Limited by Guarantee Notes to the Financial Statemenls (¢ontlMr•dJ Year ended 31 August 2025 Accountlng pollcles (Contthr￿dj Flnanclal Instrufflants (con11n￿) Other finan￿al instruments are subsequently measured at lair value, wth any changes recognlsed in the statement ol fftnancial activities, with the exception ol hedging instruments in a deslgnated hedging relationship. Financial assels that are measured at cost or amortised cost are reviewed for objective evidence of impairment al the end of each reporting dale. 11 there is objective evidence ol impairment, an impai￿ent loss is recognised under the appropriate heading in the statement ol financial activitiès in which the initial gain was recognised. For all equity instruments regardless of signilKance. and other financial assets that are individually signilicant, these are assessed individually for impairment. Other financial assets are either assessed indiviLlually 01 grouped on the basis ol similar credit risk characteristKs. Any reversals ol impairmgnl are recognised immediatoly. to Iho extent that th8 reversal does nol sult in a Carrwng amount of the financial asset that exceeds whal the carrying amount would have been had the impairment not previously been re¢ognised. Llmlted by gu•rnntèe The chaiity is Company limtted by guarantee and has no share capital. The liability of each member in the event of winding up is limited to £1. Donatlons and legacles Unrestricled Total Funds Unreslricled Total Funds FurKIs 2025 Funds 2024 Donations Donations 647,661 647.661 469,520 469.520 Charitablo actlvSllos Unrestricted Tot￿ Funds Unrestrlcted Total Funds Funds 2025 Funds 2024 Studenl fees Rent Recelved 112.050 23,125 112,050 23,125 135.175 153.989 19,800 153,989 19,800 135,175 173,789 173,789 Investment Income Unrestricted Total Fund¥ Unrestricted Totd Funds Funds 2025 Funds 2024 Bank interest receivab 212 212 -12- Jamia Al-Karam Company Limited by Guaranlee Notes to the Financial Stst8m8nts (wndnwd) Year ended 31 August 2025 Cost$ ot ral8lng donatlons and legacies Unrèstricted Tolal Funds Unrestr￿ed T¢)tsl Funds Funds Funds 2024 Costs of raising donations and legacles Donations 26,256 26256 14,244 14,244 Expendliuro on charltablè aotfvltle8 by lund typ8 UnreStr￿ted Tot•1 Funds Unrestricted Total Funds Fund$ 2025 Funds 2024 CharItab￿ Actlvities Support costs 633,248 52.973 686,221 631248 52,973 886,221 570,328 17,701 588,029 570,328 17,701 588.029 10. ExwKllture on eharitable actlvltles by xtlvlty type Activities undertaken directly Support costs Totsl funds 2025 Total fund 2024 Charitable A¢tiwties Govemance costs 633.248 633.248 52.973 686,221 570,328 17,701 588,029 52,973 633,248 52.973 11. Net Income Nel income Is staled after charg1￿(Creditir¥J}. 2025 2024 Depreciation of tsngible Ilxed assets 51.793 111,435 12. Indèpendent examinotion f•88 2025 2024 Fees payable lo the IndepeNJenl examiner for.. Independent examination ol the financid statements Other financial services 1,21XI 5,271 6A71 1,200 5,271 6.471 -13. Jamia Al-Karam Company Limited by Guarantee Notes to the Financial Statemenls (¢onllnu* Year ended 31 August 2025 13. Staff costs The total statt costs and employee benellls for thè reporting period are analysed as follows: 2025 2024 Wages and salarfes 260,018 237,552 The average head count of employees durfng the year was 11 12024- 111- The average number ol lull-llme equlvalent employees Ihe yew Is analysed as follows.. 20Z5 2024 No. Number of employees 11 11 No employee received employee benefits of more than £60,000 durlng the year12024: Nill. 14. Trusloe remuneratlon and oxponsos The Trustees received no remuneralion or expenses for acling as truslees. During Ihe year the total of expense reimbursed to the Iruslees. incurred in the course of actlng as members of Ihe charity, amounted to £Nil. 15. Tangibl8 fixed assets Long leasehold Fixtures and property fittings Equipment Tolal Cost At 1 Sgptembèr 2024 Additions 976,242 88.308 1.064,550 236,662 9,431 246,093 244,166 3,802 247.968 1,457,070 101,541 1,558,611 At 31 August 2025 Depreciation At I September 2024 Charge for the year At 31 August 2025 Carrying amount At 31 August 2025 At 31 August 2024 781.121 33,910 224,700 3,209 227,909 150,140 14,674 1,155,961 51,793 1,207,754 815,031 164.814 249,519 18,184 83,154 94.026 350￿7 301.109 195,121 11,962 16. Debtor8 2025 2024 PrePa￿ents and accrued incomfr 30,916 29,907 -14- Jamia Al-Karam Company Limited by Guaraniee Notes to the Financial Statements (¢onWm￿) Year ended 31 Augusi 2025 17. Credltor8: amounts falllng due wfthln one year 2025 2024 Trade Creditors Accruals and deter￿d income Social se¢urty and other laxes 19,775 5,205 3,645 3,041 3,347 26,767 11.891 18. Anatysl$ ot ¢harltable funds Unre￿￿¢t¢d fund8 Al I September 2024 At 31 Augusi 20 25 Incom8 Expendilure Unresthcted Fund 855,342 783,048 712,4771 925.913 At 1 September 2023 At 31 August 20 24 Income Expenditure Unreslrlcled Fund 814.306 643,309 (602,2731 855.342 19. Anitygls of net a$set$ botwegn funds Unreslricled Totsl Funds Funds 2025 Tangible fixed assets Current assets 350,857 575,056 925,913 350,857 575,056 925,913 Nét assèts Unrestrlcted Total Funds Fund5 2024 Tangiblg fixed assets Current assets 301.109 554,233 855,342 301,109 554,233 855.342 Net assets -15- Jamia Al-Karam Company Llmlted by Guarantee Notes lo the Flnanclal Statements (contin￿) Year ended 31 August 2025 20. Flnan¢lal Instruments The Garrwng amount lor each category ol financial instrument is as follows: 2024 Flnan¢lal 8gset$ measured at falr value ttbrough Income and expendlture Financial assets measured at far value through income and expenditure 601,V23 566.124 21. An8lysls of Changes In net debl At 1 Sep 2024 Cash flows 31 Aug 2025 Cash at bank and in hand 536,217 34.690 570,907 22. Rgkted partles The Gharity occupies premises owned by Jamia Al-Karam Ilslamic Educational and Cultural Trustl, a related charty with common trustees. On 31 Decemtei 2025. the charity entered into a seven-year lease ag￿ement in respect ol the Eaton Hall sile al an initial annual rent 01 £6,000. The Charfty is responsible for the maintenance and insurance of the propety. During Ihe year, grant funding was re¢eived from Muslim Charty Helping the Needy, an organisation in which certain trustees ol the charity dso seNe as trustees. annum.