REGISTERED COMPANY NUMBER: 05512936 {KnglAiid aiid W91&8) REGISTERED CHARITY NUMBER: 1120284 REPORT OF THE TRUSTEES AND FINANCIAL STATLMfNTS FOR THE YEAR ENDED 31 AUGusf 2015 FOR APIFAH ACADF.N(Y (A COMPANY LIMITED B Y GUARANTKE) PrestOll8 & Jacksons Partnef81iip LLP Statutory Auditoi 364_ 368 Q.anbrook Iload llford Essex IG2 6HY
AFIFAH ACADEMY CONTKNTS OF THE PINANCL4L STATEMENTS FOR THK YKAR kNDEID 31 AUGusf 2025 Page Report of the Trustees Report of tbe lJid¢p¢ndeDt Auditot$ IO to 12 Statcrnent of FiMRDcial A£ttvitie5 13 stteMe11t af FiNan£ial Positioii 14 SIAtemeiit of Cash Flows 15 Notes to tbe FRnRneiAI Statements 16 to 25
AFIifAH ACADEMY (RKGISTKRED NUMBER.. 05512936) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGusf 2025 Tlie ttwstees Ivho &lso directors of the Ch'ty for the puip05es of the C4)Jnpanies Act 2006$ pre8eni their report with the financial 8tateni¢iits of tli¢ Gli&rity for the year ertded 3 1 August 2025. Tlie tsustees have adopted the provisions of AttouniiEJE artd Rtpojtittg by Chatities.. Ststement of Recotlltnended Pixctice &pplicable to chwibes PreP.ins ihcij, account8 in accoidance with the FiTh3ncial Rcpoiting standy] applicable in ihe UIC Jlld Republic of lieland (FRS 102) (efflive l Jattuary 20191. Objeetive All5 Tlie advancetnent of educational and ti'ainiHg of gil'ls, AEed 2-16 years, residing in gr¢at¢i' Man¢lie5ter, in 8ccord8nce with pi'iti¢iples, t¢i)ets docli'tnes of the islamic faith, in particulJv but not exclusively by the provssion of a 8chool. Aeliievemeiits aiid Perfortllaiic¢ Students Rolls ACC]ngtO the Jat)uary 2025 Deparrmertt foi. Edu(atioll IDE) School cens%, there w¢re.' 1- 107 Fligh S¢hool stE41ents 2- 123 P]'irny SchiK>l students 3- 34 PT¢ SGhool Students IFull time equivalent) Att#inmeiit KS4 National Average Afifah Ats8intllent 8 45.9 52.44 Èjla 56°A 54 Lnglish & M&th5 45.2Y GCSB4-9 GCSB7-9 67Yts 21.8% 7W 26Y KS2 NitionalAverage Aflfah Reading Rrfatbs WritlD8 SPAG 75/0 74Y. 72% 73% 76Y. 59Q/o 88Yo Ycai'4 M[tipliCatIon 76Y. KSI RcadirtB MatlL4 Wilting SPAG Natiol[ Average 75°/ 740/0 72°/ 80PA Afir3h 76Q/o 95°/0 71.4¢ 90°/ Phot]scs 80llA lo/ EYFS NatioTr&l Av&7ge Arif1 GLD 67% 79U Pagc I
AfiJFAH ACADEMY IRKCISTJLRLD NUMBER.. 055129361 REPORT OF THKTRusrKEs FOR YEAR ENDED 31 AUGUST 2025 Buildiiig Pllyehase Afjfah School sinre 2010 Iiad been payittg an ayal lent to LaEKIIotds fov the use of 86 Cliftotl Street, Manchester M16 9GN. The landlord8 in OctobeL' 2024 expressed their wish to sell t1 building 10 gave the tiwst¢&8 first refv$al to pu[GIse the buildin& Fundraising efforts look place to fiftd donoj's and those willing to PlVId Kh8r2-e-Ha8na linteirst firen8lainic Loan) to assist in the ptsvcliase. Tl]rou) an efftIVe n)arketing Clipal donors were 5¢¢ured ss wert vai'ious individuaL8 willing to pi'ovtde Kha.¢.Hasrt& The conveyancing plceSS was cornplctcd irt December 2024. Atrf&h School are now the ownas of86 Clifton Street M16 9GN. There was an exceptional ch&rge of£336,559 due io t[ disposal. of t1 leasehol(t sIdIn Buildillg Maillteiiaiite The following inve5tm¢nts an(5 mainten&ttce have been ¢arii¢d out during diis financial year.: l. Two eomineirial boilers i'eplaccd 2. Mobile oil heatcrs pw'cthased, to ensuir 5¢hool could ¢ontinue to opeiate. 3. Butterfly room outdoor area wethther-pitstsftd 4. R&diator ¢over$ ptllrhosed foy EYFS cla&8JDon 5. Pontillg of exto'nal walls and fitted verttiiation brEcks las peL' recOM¢ndatioTrs of damp retK>it) 6. R¢plac¢d pl45tic roof sl)eets of front canopy 7. Insialled STr11 c&nopy above hall exit dooi. (leading in to playground) 8. I'itted exts'a storagc shclvcs in offjccs and inteivention iDom 9. Fitted fire-iated gtass in COfL'idor file d(rS attd indified oth. file doors 10. Some walls ond paiiitrd Ll. Libiwy- dooiB fitted on bonk %liclvc% lfi)r securtty purpose51 12. Wudhu taps rcplaced with push taps (x7) to s&v¢ Ivat L3. Extra shelves fittd in Primary libiary luck shop 14. Extrr¢ Intern came1 fitted {x6)- tlirough I lorne Offirc sccui'ity fidIng Stllff I-StRff tsirnover w&s low Ihtoughout the year. GKeatei'traiThing gAd support wei'e pn)vided io staff l¢spectallyNPQs}, alld the s&lat'ies weve irnproved to brsng them clo to the matl(eÈ r&tes for qualified teacheis. 2-New Dewty Head Tcachcr of High School comrllencedwork f¥om Sept 2024. F¢¢$ l- On 29ti) July 2024, th¢ gove1Ment antsoullced the inlroduotion of 2/. VAT pi'ivatc school fees, fibin 1st January 2025. Thc school engagcd in an effective Strate to collunllnicate changes to the ¢oneerning the goveiwntht announcetllenL The following measures ensured that the scliool was a goud positioTh to deal with the liuge Challthge of tht introduction of VAT.. 8- Regillai'ly conununiGating with parents from Sept 2024 onwards, ¢0 keep tbcjn updated about the impact of ttLe VAT. A parent wo¥kshop also took place, so that the sch)ol leaders c4)uld answer their qucstioi]s and allay theii fears. b - Hegd Teacl)er 2nd Businvss Supptrrt Manager attended the AMS COnferee in Leicestcr in DeG 2024 to obtain specialist advice and guid&nce tram VAT experts. . Entei'¢d ill to an agreement d- Numerous n)eetings with parents took pla(x when dicy had tDmniurricated that they tould not eopc ruwlaI1Y with the impactofthe Incre in fe¢s, due to VAT. 2- HÈgh scliool fe¢5 wcr¢ inawsed fi'om £4,100 to £4,610 (incl. of VAT- fi"on] lanLWy 2025). 3- Pi'iinaiy seknol ftes were increased from £4,300 to £4,835 lincl. of VAT- fi'om Janugry 2025). 4~ Invoiccs to paiEnts for aradeiiiic ye. Sept 2024 weie sent tlll'ollgh Xero. 5- It is noted It]ai the next academic yew (COmen¢]ng tn Sq)tetnber 2025) would bt tljt first full acad¢]nic yw in wFuch VAT on wivatc scknDI fees is being &pplied. 6- A small nuinber of pupils withdrew fLDm tlxe Scknol due to tlie iinpact of VAT. Fuiidj'xtsihg ActÉvlties- by pupils l. ¢1}¢1 s society aw*renegs 2. We&r blue for diabetes- each Child donated £1 3. ehildreji's mellt ek- each cl)ild donated £1 towards Placc2Be ch'LlY Page 2
AFIFAH ACADEMY (REGISTERED NUMBER.. 055A2936) REPORT OF THE TRUSTEFS FOR THE YKAR ENDED 31 AUGUST 2015 4. M&cMillaTr £381 5. Yw. 6 BseSS eJtcrpYse- £367 6. Whole scliool .[ expedition- chddren sold twork for £5 each and r&istd£300 7. Food Sale 1- £9.838. 8. Food Sale 2 (0SJ24F £1,883 9. Bake Sgle {031051241- £472 10.Chai'ity Weck {waikith8 with13lamic Relicfj- raiscd £3,025. I l. Ment41 Health Week- £500 rais¢d 12. Business Ettle4xi8e Week Taised £900 and included a wsit fron) 8 sutte$9ful entreprenew (ownei. of Hayaa AciEve). Tliis klped sludenls undci%taRd the logistics of ownirtg a busineqs that outsouirt8 alld woil(s ixtteiyJ&tionally. There w&% also a tiip to a factory to txploi'e unioue selling w>inl. OUT annual Chai'ity Fun Day in July 2025 was 2 joint initiative ivitli ALtsOn foT Humanity. We J,sed£2,8AO. Trips iiitludcd this yeaj.: l- Local Gwdwai?, Hindu templ4 Church and Jnosque 2- Ca(tbuiy Woi'ld 3- Manchestei. Museum 4- Blackpool Zoo 5_ Picni¢ in the park 6- Itnaginc That 7. Lo¢41 fw'm 8- York ch[late Factory 9- Sciert¢e & Industry Mu8eum 10-Chilla Town I l-Imperial Ww. Mu5¢1Im 12.Mu5¢um of Illusion 13-Whitworth Arl eJall¢i'y 14.Hi5toi'iomosque in LiVeJp1 Ow. Year 6 pupils were given the extiting opportunity to take wt in Afifah's vei'y fi¥st residential trip to RObW00d Activity Ccntr¥s. This eTwiching exp.en¢t piDyid¢d childll Ivith the chance to step beytsnd the ¢193srootn. embi'ace challenga8 and creatt lasiingmetWI'5e3 with theii. peers. Tht itiidential was carefully dtsiened to develop t¢8mwoi'k. resiliettce, confidei)ce and independence tl]rouoli a wide ¥an8¢ of adventW'OU8 Olltdoor A¢tivitic& PL%pils trxik p( in cxciling challenges which illcluded cliinbirtg wa115, archery canocing, wil'in& ¢avingg crate stacling. pioblcm-501ving activities and obstacle course$. Each actlvlty ¢ncouragcd children to c0mUnicate effe¢tiv¢ly SLlPPOIt one another atld pei¥eYei"e outside of tlieir coiiifojt zones in a safr at ellcouraging environment. ror Jnany pupils, this ivas their first eXp.leftCe of stsyinE away from home. Jnakittg the trip an impoitant niileslone %n their personal development. Throu8hout ihe residet]tial, childiEn demonstrated gLDM'ing m8tui'ity, responsibility atml self-confidence ivliilst IlIding Sti'ong. friendships and lerIng the value of cooperation 2nd Icadcisl]ip. The 8ucce8s of t1 tesidential Yeflects Aififali's cnin[ment to pj'oviding meanillgful experienees btyond the eJa$$room that in5pir¢, motivate and support the W1[e child. Oppoiturlllies sucli as tlitsc pldy a vital Tole in helping pupds develop s¢ntial life slulls WI[81 creat£ unforgettable expei'iences that tliey will d]a'i511 for yeai's to come Events In May 2025. we hosted tile ternily Flcad Teachej s Meeting INorth) foi. the Associatio of Muslim Schg01s. Sllbjtct Week$ lin English. Maths, Science) Mutabiyoon Gsmes AMS Public SpeakingEv¢nt. oui KS4 students not ortly p&*icipated, butwon this competition. Page 3
AifiipAH ACADEMY (RCGISTEREID NUMBLR; 05512936) RRPORT OF THE TRUSTEES FOR THE YEAR ENDED 3L AUGUST 2025 Burial & Funeral lites - Year I I sh]dcnts Icarnt about wEiat happens during the fjnal stages of a Muslim'$ life Ènd theiraft¢r. Ycar I l R¢5identi&l. B19 R&ven8tor (in paitheyship with N(Yr,i Feb 2025 MSC Foodbank CareeiE F&ii' Yegj. 10 & Ytar I I AqsA Week- Highlighd the illlPDrtance of Masjid Al-Aqs8Junity FuiLdYaiser for Syi'ia AMS . Non pevishablt items collected to send to Syi'k&n ehildi'en. Raiskpg awaTertess foj. Ihe POOL'lneedy. RgmAdlian lftaRr - Student only iftw held in the High School . TOgetheri8 & Ulldei%tatLding th¢ Éinpovtance of community IR8madhan. Ramadhan Qui'&8n Coinpetltion- Memoj'isation of the Quraan. Gaza Witkt¢r Walk . PE Lessons ivith Muslitn Hands - Ihe importance of Sadaqg1], einpathy, conllnunity alld global awareness. Sunnah Week - Inleraclive se55ion- Providing Stude1 widi the opJy)itoniiy io undustand the sunn&h of tlie Prophet SAW, taste foods 8nd shttre storics. The following national days, weeks, tnot]ths ¥¢ a150 iTKofpoMted itt to the sttidenes daily l iveewy schedulcs.. l- BirthYatchW¢ek 2- World Itijab Day 3- ITLlerafjtionel D&y of Women and Girls in SGieR¢e World Book Day 5- InlernatiDtLal Womtn's Day 6. World Walei. Day 7- Mother's Day 8- Food Aller Awareness Week 9. Child Safety Week 10- Fatlier's Day I 1-Natith1 Picnic Month OBJLCTIVES AND A1VITIEs Public bellefKt The trSteeS confirDi dJal they have tomplied with the duty in se¢iioll 4ILI ofiht Charilies Act 2011 to liave due regard to publit benefit guidance published by the Commis5itrR in deteinunitB the activities undei'laken by the CJwity- Pagc 4
AFIFAH ACADEMY {REGisfERRD NUMBER.. 055129361 REPORT OF I'HE TRUSTELS OR TFIE YEAR ENDED JI AUGUST 2025 F(NANCIAL REVIEW Fin4n¢ial position Tli¢ Charity incom¢ froni School ftes and donations of £1,862,12812024 £1.129,500) and the total expenses or £1,628,287 (2024 .. £1.302,7731. The net result was a sutplus ot £233,841 for the year ended 31st August 2025 [2024 (£173273- defi¢itl for th¢ Year ended 31st August 2024. roi. tlje ye. ettdtd 31st August 2025, Unrestricted funds eaTried foiivard iveir £633,438 whidi is Made up of Fixed Assets £734,174 Ire¢ Irserves deficii1£100,736), {2024 = £399.597 wliich is i]de up of Fixed knets £347,542 attd firc resei'v¢5 of £52,055). The Batance Sheet shoivs that the ¢hw'ity has net cwyrn( liabilitics. T'he priiicipal creditors air K8r2e Hasna, Student d¢SitS, atid sdler of the propeity alld the krms of the bol'rowing include Iht J'ight of the thlty to iequest that the ount of the loalls lo any deficit be elAniinated by converlitig the loans io dortations and fees. The going COllLem of th¢ C'llY is ttierefore dependent on these crediloi's. Tlic b'ustecs feel that the ¢Jwity is well p12eed to Illatge its bu8in&8s risks sucte$sEully despite the economi¢ ¢hall¢ngu as detailed the tiusiees i"epoi"i. Moirovei.. Ihe tru8tces considcr that the charity 11&8 adequate resources lo continue tts cl1JbIe activities for the foiEseeable firtUl'4 and a WOL'knng capital cycle enabling the cFw'ity to mtcl liabilities 85 they fall due. As a ConS¢tt of this the 111181ccs feel thÈ¢ the ch&i'Ety is iv¢ll placed lo m&ngge its busin risks successlY. Accoixlingly. they believe th¢ goingconcem basis És an appropriate ou¢. Reserves polity The truslccs warking lowaiyls a resve poliry to Cor 6 months, worth of ovtj'htads. Due to the puichase of the buildijig this has not beett Jyityibl¢, hoivevei.. tlje txustecs arc workin8 tnW8rds this objective. STRUCTURE, GOVERNANCKAND MANAGEMENT Govti'tiiiig document The ch'ty is cojjtsvlled by its M¢rlloldduM and knicle$ of Association and constitutes a litTritrd w[tLPBYj limited by guarante4 defined by Cojnpanies Atl 2006. R¢ci'uitmeNt and appointinent of New tru$t¢es The TJ'ustee8 't apw)iiilcd iii accoilgnce with the Academy's goveming docLunent alld applicable cbaTity law. The Board tonsid¢iE the ski118, exper1ete 8nd krKTrwl¢dge required to suppoit the eifectiye governance and thxtegic dvelopillellt of the Academy when considering the appointment of n¢w Trustets. Potciitial TTUSt¢es may be identified through i'ecommenda(ion8 from cxi5(uig Trustee3, members of tlLe Ac&demy commLIIILty aThl other velevgnt nctsvorks. Candidates arc considered by tli¢ Jloaid, with parliclllar Lon$id¢ration given to thcii" suilab51iLyy expei'ience, commitment to th¢ Academy's charitable objcclives artd ability to cot)tribute cffcctively to tlic work of the Board. Pi'ior to foimal appointment, prospwlive T1.$t¢eS aiy subject to appiDpriate due diligence and Yettingi including an Enhattced DBS clie¢k, togethei. witlj ¢ansidcTalion of tlieii. eligibility to atl Js a Trustce and &ny i'elcvant disquaEifJcations. New Tiustees initidly appDltiled for a thiEe-tnonth probationary p¢riod. Dw'ing this period. the BO.d assesses the illdivldual's suitability, ¢Dnti'ibutlOll, Einderstanding of Ttustee Iwponsabilities and committncnl to die Acadeniy.. Subject tts satisfaGtoiy conipletion of tht prtsbaiiottary p.10d and ilie eIlY Gh¢rk5, thc indivdUal is foimlllly appointed &ttd added as a Truslet of thc Acaderny. Tlie Board seeks to maintn an appJpi,I#l¢ balance of skills And ¢xp¢rience q¢ros8 areas including educaiion, finat)¢e, 80Ver[nCe, legal and regvlatory ll)attN hutt)an rasources and sU?tegic man2genJent. Page S
AFIFAH ACADEMY IREGISTERKD NUMBER; OSSJ2930 REPORT OF THE TRusfKES FOR THE YEAR ENDED JI AUGUST 2025 SI'IIIICTUkkn', COVEIRNANCE AND MANAGfi MJLNr Detisioii m21un£ The Trustees aye ¢ollet(ively responsible toK the overall govern5AncG 5tsXtegic diiEcuon and fIn£la1 S3rd1P of tiic Ac&d¢iw. The B4d meets irgiilarly to co1ide1. maticrs including.. t1 AGad¢iny's stixtegic diiEctiot] and development., fi1)]¢1al rr01]dnc4 budgets wid cash flow., - pupil numbers, admissio1 and retention,. - safeguarding and edu¢ationo1 performance., . siRTriFJL4tit ¥latTing andtniployinent atterS,. - risk llkanagement and in1clal con(rols' . m#jor c&pild expendituie 2nd conts'aGtual collJJnits#elll$,' - pi'emis¢s and estate mattti4 . fi]nthising and income generation,. - compliance with legal, i'egulaioiy snd charitable requirements,. arld . poIi¢L¢5 and ittatters reserved specifically for the Tiustees. The TrustCC5 woi'k closely on a day-to-day ba51$ ivith the Head¢e&cher within defLn¢ &utliorities and budgets. Operatoal decisions relating to the runnsng of the st]01, staffiDg, curriculutll delivery? pupil nialÉeis and routitle ¢xpendi(ure are ¢losely undeitakEn by the trusltts. Matter8 of 5iwiifie&nt fitt2ncid, strategi4 legal or IEputational itnpoiance, together with mattet3 specifically ie%cTved to the Tiustccs under th¢ A¢edemls govtming 'rangeMentS and d¢legation fitr¥Or[ rema the rttpoJsibility of the Board. luduetioii and tI#lJllMg of tiew trllstee8 Ncw Trustecs i'ccelvc aa approprEate irtdllctii>n covti'ing the Acadefiry's ch'Itable objectives, governing d(j¢umer, govemanc¢ arrangements. fitjancial responsibilitie5, key pulicic4 risk managunent and tlieir legal Jtkd ridIY duties a charity Ttnaslees. Trllstecs are al80 required to utLd¢r5tand and undeKlake appj'opjiale training Yeldliun lu ilieii. statutory responsibilities s die proprictor and govcininB body of fill ii)dependent thol, including the INiependent &lwl Standards, Ofsted requiretnet)ts, Keeping CSiildiEn %afc in EdtiOn (KCSIE}. safeguardiog and child x)teCtiOn. equality duti¢s, h¢<li and $afrty, sa[. recruitmetit )d other relevt slatutciry guidance. Tnotees are expected to undertake ongoing training tnd dcvclopment to et]5Wt tliey reniaiti suitably info]]ned and compctent to disch.8¢ Iheii re¥potLsibilities. I raining lleeds irview¢d Ycgulwly, particullY following chJnges to l¢gi51aiion, statutory guidance oi regulatory requireillenl5. Thc Board receives lEgul. repoits on key taS including safeguardin& educatiottal perfranCE attelldatL¢e, behaviour, ftswicc, 5taffll)g and risk, enabling Trustee8 to provide effectivt ovexsiEhL chaIleng¢ and a55ui¥nce. Key m4iiageinetit iemUerAtIQ1l The Ttwtees bendujwk the Academy's pay lev¢15 ogainsi the rÈational pay scales foi. schools, incJudittB the IElev&nt teachei. and leadei'shiy pay scales, lo Ut Lliat Irniunej'atioii IrmgiDS pvoporlionate, fair and competi(iv6. Th¥ natiol1 s£[ pay s¢ales plovide an Ap1]prIsIe external benrhmwk for the ACadlly when dekrinining and iEvieiving staff Irmuneration. In ddeimining reJDuneration, the Trustees also consider the Arademg5 fanan¢ial resources, blgetry cortstraints, affordability and th¢ tleed to recn]it and LEtain suitably quaitfjed and experieticed staff. Any signifEcant changes to the irmunaation of key m&rt&£eJnent personnel 8re subjeGt to appropi'iate Trustee oversight and approval, with of in¢er<8t m8naged in accoixlaTKe wÈth the Ac*demy's policies and proceduT¢3. Page 6
AFIFAH ACADEMY (REGISTERED NUMBER: 05512936 REPORT OF THfi TRUSTEES FOR TIIK YEAR EIWED 31 AUGUST2025 STRUCTURE. GOVERNANCE AP4D FVIANAGEMENT RtlAlionyhip with (bheJ- OrgalsAtiOnS The ACadnY iTr)ailltain8 I'elationship5 Wtth a iw]ge of individuals, or2aAiSations and COMlty bodies in sllpport of its charitable objective5 and tlie deliveiy of cducatiott. Tlie Acadtmy woi'ks widj p&tnts gtxi fatnilies, loc cominutlily Ol'Eanisiitiofj]s, mosques, education&1 Ol'glslI0nSj professional advisers #nd odieT releVt 8takcholduE lo sUprt Ihc provision and dev¢lopJnent of education within an Islamic ertviionm¢nt. Where appix)pridte, the Ac4derny also cooptt8tcs with oihei. edufjational and charitable org8nisalion5 wheiE this supwts irs ch&'iiabl¢ obj¢dive5 or provides benefjts to pupils and the wider eojnmunity. Relt¢d partit5 Any rel<d-party trattsattions 'e subjcct io appropi'iutc Tru3t% ovei'sigJt and are managed irt at¢oilance with th¢ Acadciny's governillg documettt. applieable ¢liNity law and the Acadenigs conflicts Df irttei't and finallcial proeeduyes. TTuslett refjued to de¢lwe itlev%Jnt intei'e%ts. and appropi'iate steps are taken to ensure that de¢i$ion$ involvillg trttial Ix)nflicls are n)ade trgnspa¥etLtiy &rtd in tile b¢5t interests of tli¢ AcadeY. Rlsk A[14ge¢llt The trU8t have a duly to identify and review the risks to which die tharity is exp08ed and to ens1 appropriate controls aye io plac¢ to provide irason3blt assuTartte against fraud and ¥Or. Tlie Tiwts¢5 have considered the major risks to which It]e Academy is exposed wd have ¢stablish¢d systems and pioGedui'es designed io &dtfjtify, assess, manage and moniioi. those i'isk& The Ik)ai'd maints1$ ovtrsiBht of A¢aden]y's risk Jllattagcment fixmcwnrk and regul8rly ¢onsidei% fitjanctal, opttalional, eduLdtiunal, sfexuardingy onplo)4nent, regOI0ryj S¢gal, Irputatlollal) premises and buSisS ¢ontinuity ri$ks. Risk Maagc¢t is supported by appiDpriate poli¢ies, pioced¢S and inteinal controls, including finan¢ial controls. d¢legated authoiitie4 biidgetittg artd wh-flow monitoring. saftguardirtg procedures, h[th arLd safrty tettts, insurdnce cover, I-IR pCedureS and oversight of Icgal and rtgulatniy camplTance. The Trustees recognÉ$e tlKMt the of risk rtquircs ongoing rev%ew and tharfort fl8ks inonitoyed r¢guIlY and appropriate mitigating tionS are injpltmcnted thei'e Yeqiiiird. The Board is s&tisfied that appropi'iate systems aN] procedures are in place to i)g¢ the iTrajor i'isk8 faciyjg thc Academy. Ris1 & MitigtttAons: l. Loss of students leading to reduction in incotneth Sn)allei' incirase itt ¥Jnnual fees and bEtter mgrketing strategies lo atts'act morc Sludcnts. 2. Late payment offees leading 10 CAshfjow Problems- ImptY)ved follow up on fees, hedthy liflOW tliai can withstond 50nie delayed fees payittertl. 3- Ability to paybsck interest free 108nS• Flexible irpayinent ternis with lenders to ensuir irpayments are affordable. 4k Isu1¢1¢t rescrves to de with tmci"grncies- Ensui'¢ gJ)nu&l foircast projects a $uiplus to deal with emergencies. Page 7
AFIFAH ACADEMY (REGISTERED NUMBER: 05512936) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025 REFERENCE AND ADMINisfRATIVJI DETAIts Registered Cornpally llutllbej. 05512936 (Engjatid ar Wales) Registed Clisi'ity nllijiber 1120284 (England alld Wales) Registered office 86 Clifton Stsr¢l mahester M169GN website: littp:Ihswv.afrfaliscliool.eo,uk Trus£eeslDiretto S Diwan- Cliaplain A MKhamisa- Ch&tcird Mattagemelltconsultant Ms A Kholwadia- Teacher M H Sidyo- In)am Muslim Priest Ms H Timol- Teach¢J' H M Chunar&. Appointed 6th June 2026 Audktors Prtstons & Jad(80ns PaTtnershÈp LLP StÈtutory AuditJrs 364- 368 Cianbrook Road Ilford Essex 102 OHY STATEMENT ofi TRusfJ£ES' RESPONSIBILITIK8 The trustees {who also the diirctois of Afifah Ac&detDy for the pip0Ses of cornpany law) responsible foi. PI'¢Pflring the Ilepoit of the 1'rsle&S and thc financi statcmenis tn accordance with appli¢&ble law attd Umted Kingdom Accounting Standards (United Kingdom Generally Accepted A¢¢outttingPracticel. CotDpa law requii'es the trStee8 to prepa financiBI .%tatements for each financial Ye.. UtKier that law, tlie trustees have elc¢t¢d to pi'epare the fiNAcial statements in acwrdance with Ullited Kangdotn Gen¢ilY Accepted A¢countitLg Practice (Ujyted Kingdom Acllting SiandaTds and appli(xblc law}. Under COpanY law the trusttts mu3t not approve tbe fitwieial statements unle55 they are satlsfK¢d that they gtve & true and f8ii' view of the Sta ot. affairs of tbe c]M'ilable Company 3nd of Ihc incojnittg iuowres and application of i¢sourca8. including the illcome afid exp¢nditur¢. of tlie charitable coiapany for that p¢iio& In preparing thos¢ financial slattmcnls, Ihc trustccs are Kequil'ed to Stlcct Suitable account8 wlieittg al (Iken apply tbem eottsÉsteJitly) observe the methods and prinGiples in th¢ Chayitics SORP,. tnake judgenients attd tstimates U)at 'e reasonable piudenL' PLEpare the fLnancial stat¢ment5 on tlie going conccrn basis unltss it is inappropl'iate to Pif5um¢ that the th.1[able company will coniijjue iti business. The trugtees ate iEsponsible fo¥ keeping pix)per accounting recoids which disclose with irason&ble accLU'acy at any time the fjnancial po&itiotJ of tlie charitable compatty and to ertablt them to ensure that the fEll&llGial 5tatetn¢nls c(Trtnply with t1 Coinpatties Act 2006. They .¢ also Irsponsible for $eg'dIllg thc assets of the ch'table compatly at]d hente for taking renabl£ steps foj, th¢ preverttion and detection of fraud and othei. regularItieS. Pgge 8
AFJfiAH ACADEMY IREGISTERLD NUMBER: 055129361 REPORT OF THE TRusfEES FOR THE YEAR lDD JI AUGUST 2025 STATEMENT OF TRUS'fEEs' RESPONSIBILITIES- colltinued In $0 far a5 the ti'ustees are aware.. there is irlev&llt audit information of wliith thc charitable cotnpangs auditoj's air ullawaiE- and the trustees have taken all 5t¢PB tli&t they ought to have taken to make themselves aware of MTty Ttl¢vant asTdit information alld to ¢5tablish that ilie auditors are gware of that infoimation. Approv¢<t by oj'dci. of t1 ard of tiustees on... . and sigD¢d on its E¢half by.. A M KIWa. Trusttt Hanif Sidyot- TrusteelDILcc4 Page 9
REPORT ofi THK INDEPENDENT AUDITORS TO THfi TRUSTC£S or AFIFAH ACADEMY (REGISTERED NufwlBER.. 05512936) We have audit¢d the financial stateinents of Afifah Academy {the 'Ch.itable conipang) fov the Ye ended 31 August 2025 which comprise the Siatcmcnt of Finajictal Activities, die Sthtement of Financi81 Positlon, lh¢ Siatement of Cash Flow3 atkd rt0S to the finanekal slat¢tnets, including a sumiKary of signifitarti accourttiijg policiu. Th fInaClaI repoi'ting framewoj'k diat has bettt applied in their pr¢ptIOn i% applicable law 2nd Unitcd Kingdom AccounluE Stand&th {United Kingdom Generally AcceptedAccouniing Practict). IM oui. opinion th¢ fjnancial $tatements'. Eive a Ivuc al fair vi¢w of the state of the ch8ritable company's affairs as at 31 Aut 2025 Jnd of its iticonjing resources and application of irsource8. lllcludin8 its incoitte and txpenditw'e, for th¢ y¢ai' thett ertded,. l)ave betn pJDperly prepaTed in accordance with United Kingdom Generally Accepted AccoutLtingTractice' 8nd have been pi'epared in accordatttt with the requucmcRt5 of thE Compaies Aet 2006. Bsis for opptiioll We corEduGted our lludit in aLxordallce witli lntem2titsn St2t)daiKi8 on AudEting (iU(I {ISAs (UK)) and gpplicablc law. Our Ye8ponsibilities under those gtsnda¥ds fvitlier descTibed in tht AlldiLoiE' responsibilities for the audit of the financi81 statem£nlS Scctiott of ow. repo We irtdependertt of the chal'itable COEnpany in accordance w%th the dhieal rcquiiernenls that r¢l¢vant to wr Audit of the tinancial $t2temeiits in the UK, including the FRC'$ Etbical Standard, snd we have fvifjlleil ow. other ethical irspons%bilities irt accordance with these requirctncnts. We believe that the audit evidenee we haire obtaiDed is suffiGicnt and appiY)priate to provide a b0si$ for our opillio Conclu510M$ I'elxting to goiilg cotÈm In &udÉtiiig ihe fmatL¢ia] Statements, we have concluded that th¢ tiU5tres' use of the going concern basis ofaccounting in the prepai'alion of fEnall¢i&l stat¢meAts is appiopriate. Based on Ilie work we have pfort¢d, we hove not identified any tnRteTÈal uncertainties relatillg to event$ or cotjditions tliat, inAivEdually Dr cnlltctivcly, may cast significw]t doubt on Ilie chai'it3ble cotnpanl5 obilily io contiiiue as a goirtg coneem for a period of at least twelve rnottihs fiDm when the fit]ancial St&lennts art BUth.iS¢d for issu¢. Ow. ffsponsibilities al the respon5ibiliti¢s of th¢ trustees with respect to going concern are d&8cribed itl th¢ Jtlevant section8 of this i'epoil. Otlier lijfornjation The lii]stees arc Ttsponsible for the other inf0rrtwti0 The other inforntioll cotnpi'i$e$ the infoixnation included irt thc Amual Rert, otiier than th¢ financial statemellts and ow. Repoit of the IndepetKlentAuditOTS thevean. Our opinion on the financial staitments dou not ¢ovv the otber information &nd, txcept to the extent otherwise ¢xpli¢itly stated in our i'epoit, Ive do not expie5s any forni of assurallce Con¢110n th"e0. In Mnnwtiott with 0. audit ofdie fJnanci81.%tatenicrtts, our responsibility is to read the other infoJ'matioH doing so, con8idei' whether the othei" ijjformation is Illat.ia1IY inwnsi$teni with the flnancial 5taiernenl& ur oui. knowledge obtaitsed it) th¢ audit o¥ othei'wi8¢ appeaTS lo bc LJateTially mEsstated. If we identify such tell inco81tCACIeS o¥ aJy&rent mal¢rial misstatemettti we are required to d¢t¢rmin¢ wlicilier give3 l'is¢ to a Materi misslattment in the financsal 8taiemcnt8 themselves. If, based on tht woit ive hav¢ p¢ifoTmed. we cot)clude lIl th'e is a inzterial misstatemetlt ofthis othel infontjation, we are irquired io repoit that fact. We have nothin8 to iepoit in tliis ¥egaTd. Mfttttrs on whitli we Al'e I'equired to i'¢PDi't by exceptio We have notlifftg ¢0 report iti i'espect of the folloiving inatters wh the Charities {Accounts and Reports) Regulations 2008 requires us to report to you if, in opiniott., the informatiort Eiven in the Rey)rt of the Trtee$ is incon8iStent in any material respect wiih the financial statemcnt5.' or the ehttitable tonipany has ttot kept adequate accounttng ircords., or the fitwi¢ial slatem¢nts ar¢ Ttot in aEyeem¢nt with the acmunting recoids andKeturns.' or we have not irtttved all the informatiotj ¥rtd explanations we require for our audit. P&Ec LO
REPORT ofi THC INDEPEIWENT AUDITORS TO THK TRUSTEES OF
AFIFAH ACADEMY IREGISTERLD NUMBER: 055129361
Respollsibilities of trnstets
As explained mol'e fully in the Statemeat of Ti'llstccs, Rcsponsibilities, tlie trustccs Iwlio £e olso th¢ direolors of the
chari(able company foi. the ppOSe$ of wmpgny law) are Jrsponsiblt fov the PiEparation of the fmancial slatctncn15 and
foT being satisfied that they give a true and fair view, and for such inle17)al contiol &8 the tiugtees d¢te]ynine is tlecessary
to enable the pr¥paiBtion of fllJatLial stalcnienls t11 are free fron) Inaterial mis$tdt¢ffleAL whether du¢ io fraud or tlTOT.
In prepaiing th¢ financi&l stateinenis, the bustees art JE5POll5Lbl¢ foj. É8$18 th¢ Gharitable companls ability to
caniin(E¢ as a goiag conce¥n, disclossng} as applicable, matters related to going concertl and using the goinE ttsnteTn
basis of accounting urde58 the tsustees etther itttend to liquidate tILe charitable company OT tD cease op¢ration& or have
no re<$ti¢ #ltCTnative but to do so.
Our responsibilities for the 8udit of tlie finaTreial stateinertts
We liave beeji dppoiiitrd ag auditors under Section 145 of tlie ChitIeS Act 2011 al I'qjorl in ac¢ordaAce with the Act
d irlevant IEgulations made or having ¢ffwt ther¢Lder.
Our objettives are to obtain iE8sonable assw'gnce aut whethev the fmanci&l statements as a whole air frec
malei'iHI misstatejnenl, whether due to fraud oi. error, and io issue a Rewit nf the Indepejideni Auditors th&t iLiGludes our
opinion. Reasonable a55urance is a high ICVEI af &%sill'ance, but is not a guarattiee that )n audit conducted in accordancc
th ISAS IUKI will always d¢tcGt a snaterial mi88tatement ivlien it exists. Misstatemcthts can .1$C frotn fi'&ud or eTroi'
arLd consideitd n)at¢rial if, illdividudly Dr in the ag8regat¢, they coiild ieasonably b¢ exp¢¢ttd to influence the
econoC decisions of tr$ tak¢n on the basis of these fittanci&l stJtem¢rtts.
T]ie ¢xtent to wlucli our pi¥Jcedurts 'e topable of detecting ivregiilarities, iDcludiJ]g fraud IE detatled btlow..
JiYe2ularit5e5, including fraud, are instsntes of non-compliance with laws and Jr8uiatioll& We assessed the risks of
matei'ial mi&stat¢rnent ufthe fi[Wl&l statetnents from iriegulai'iiiu, whether diK to fiwid or erroj., atjd wiidentified i'isks
during t[ eoursc nf our adIt. We then desigrted and perfoiThe
REPORT OF THE IIYDEPILNDfÈiwf AUDITORS TO THR TRUSTEES OF AFIFAH ACADCIMY (REGISTERKD NUMBER: 055129361 Other Mhttei As pei. Nolc 14 to tlic aco)unts, w&8 a prioi. yew, adjustmenÉ for the year endcd 315t August 2024. Use of rtpoi't Thi$ report l8 niade solely to the charitablc c¢itnpany's trustees, as a bodyb iJ] accordance with Pari 4 of th¢ Chari(ies (Accounts and Repoits} Regulations 2008. OUL. audit woi'k ho8 ten rtdeltaken so that we migiit sla(e to the cliaTitable ctsfflp&rty's ti'ustees those mattErs ive eTe requiied lo state lo Éhem in an auditos' JEpoit and for no oilier pui'posc. To (he fullest extent l[llitt¢d by law, we do not accept oi. a5SUtne reSnsibility lo anyone otiiei. than tile Charitable coinpany and Ihc charitablt cojnpany's tru5te¢5 as & bt*ly, tor ou¥ audil i¥ork, toi. tIy5 Ifpolt, oi. foi. the opllil0i we have formed. PKIE'L- •(. Ill)h.), (c.A, £FP. &i NJVXI iViLy I'rbo Pirston5 & Jack%ons PaEkntrship Ll.P Statutory Auditors BIgible to act as wi aL110 intepms of Section 1212 of the Compatjies Act 2006 364- 368 Cranbrk Road Ilford Essex IG2 6HY Date.. Pgge 11
AFIFAH ACADKMY STATEMENT OF fANcLL AcfivITIFS (INCORPORATING AN INCOME AND KXPENDITURE ACCOUNT) OR THE YEAR EiYDED 31 AUGUST 2025 Period 219123 Year Ende 3118llS TotAI funds 3118r24 TotAI tiinds as rutated Um"estrsGted nd Restricted fund Notes tNCOMK FROM Donations and legacies 63,955 541,664 605,619 30,024 Charlt2blé attiyities Education 951,596 273J18 1314914 1,034,678 Odjer trading activitie5 Invesillient illcoiiie Othei. incojne 12,731 694 18,170 12,731 694 18,170 50,317 14,481 Total 1.047,146 814,982 1,862,128 1,129,500 EXPEiYDtruRE ON ExLL¥liunal Iietns 336,559 336J59 Cb#ritable activities Ci)ariiableExptnditUTe Goyernance tosl I'"inallce 1,254,150 36,500 1,078 1.254,150 36.500 1,078 1,252,356 50.417 Total 1,628,287 1.628,287 1.302.773 NET INCOMLI{EXPENDrruRE} 1581,141) 814,982 814,982 {814,982) 233041 (173,2?3) TrJLnyfei? behveen fullds 21 Nét movemeiit in fund8 233,841 233141 (173,2731 RECONCILIATION OF FUNDS Total fviid5 biD[Tll forWd 399,597 399,597 572,$70 TOTAL FtJriDS CARRIED FORWARD 633A38 633,438 399,597 Tl* s1¢5 form part of th¢se filnclaI statements Page 13
AFIFAH ACADEMY IREGISTERED NUMBER: 055129361 STATEMENf OF FINANCIAL POSITION 31 AUGUST 2d2S 31.8.25 31.8.24 as reststed NotGs FtXED ASSEITS Tl81b16 assets 16 734,174 347.542 CURR ASSETS DebtOV3 C&di al bank and in hul 17 89,555 141,027 64,430 109,755 230,582 174,185 CREDfroRS Amount$ fa]lin8 due withln one y. 18 (331,3181 (122,130) NEf CURRFI¥T ASSETS (100,736) 52.055 TOTALASSETS LLSS CURRENT LIABILITIES 633,438 399,597 NET ASSETS 633,438 399.597 FUNDS Unrc%trithd fi]nds 21 633,438 399,597 TOTAL FUNDS 633,438 399,597 Tli¢ ¢harktable eompany is entitled to exemption frotn audit widei. Section 477 of the Companies Acr 2006 foy tl)e year ended 31 August 2025. The Memb.8 Ive not (kp05itd ts)tice, pursuant to Section 476 ot the Companies Act 2006 requiring an audit ot these financial sILieellts. Tlie trustees acknowledge iheii. reswnsibÈlities for la) ensui'ing that the charitable c4)n]pany keeps accounting Yecotsth that comply with Sectiolls 386 Wld 387 of the Coiiipattie8 Act 2006 and preparing fJnanGial statements wlitch give a t¥ue and fair view of the Sta o£affaii% of the charitable comparty as t the end of e8ch financial ye. of ils surplus ur deficit foi. each financial year in ¥&ccoidance with the rcquirements of Se10)$ 394 Ènd 395 and whith otherwise wmply with thc Jrquiremellts of the Companies Act 2006 reliting to financial slatetnent5, 50 far as applicable to ttle chari(able compaJLv. Ibl ThEse finatictal stttcmenls have been pirpgred in accordance with the provisiofis applicabl¢ to Gharitable companie8 subject lo the STnall compatU¢5 r¢gtme. The fiiiaii¢ial statements werc approvtd by the BO, of Ttttees attd autlioi'i8ed (Dr issue ¢tJ 30 Ausus12026 . alld weiE sig]ed OD its Lthalf by.. A M Llh&misa- Tiuste Hanif Sidyol- Trugt8è Tli¢ not¢5 forn] part otthese fÉn&ncial stat¢m¢nts Page 14
AFIFAH ACADEMY STATEMIINT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2025 Period 219123 to 3118r24 Ye41. Elided 3118125 as regiated Notes Ca$b flojvs from opevAting &ctivities Cash £ert?ted tToin operations 23 431,018 (108,769) Net piDvided byl{u8ed itt) opei3ti#g a¢tivitits 431,018 (108.7691 C#$h flfjws from iRvestin£ Actlvltles Puirhasc of tan&hlc f£xed assets Salc of tangible fixed assets In(erest itceived 1741,672) 341232 694 {18,017) Net casli used ill investiTrg a¢tivit5CS 1399,7461 {18,017) Chknge Sll tÈsb aiid CRsh equivalents lji the reportltg pttitsd Casli aiid eash equivaletits Ilie begithffting Df tlie repDrtiiig pei'iod 31,272 1126,7861 109,755 236,541 Casli atkd ta$h equivaleiits At tlle td of the repthrting peri4MI 141,027 109,755 I'hc notes foj'n) part of tISC financial statements Pa£c 15
AFIVAH ACADEMY NOTES TO THE FINAIYCIAL sfAThMlrNTS FOR THE YEAR ENDED 31 AUGUST 2025 ACCOUNTING POUCIES Basis of prepai'KJig tli¢ firt4rt¢lxl st8tements Tht tJiJaJicial statements of the chitable Comply, whi¢h is a pul)lit beifiL eiitiry urtdtr FRS 102. have been pirpared in accordatL¢e with th¢ Chaiiti¢s SOIIP (FRS 1021 'Accourtting and Repoiting by Charities.. Sthteinenl of Recoinmendtd Pi'aottce applicable to ¢'itieS preparing their #ccouiits in aceotdance with tlie FnanCIal RertIng SÉandard applicable the UK and Rcpublic af Treland {FRS 1021 (effectiv¢ l Januwy 2019),, Ftnattcial RertIng Stalldard 102 'Tlie Fin]Cial Reporting Standai'd &pplicable iii the UK and RepublEe of Ir¢lan(r a¢]d tbe Cotnpanies ACL 2006. The ftsjattcial 8tatcmen(s have IKen pJ'epaiEd undcr tllt historic81 cost coiivtntion. The prioy accounting pciiod was a per£od by one day. The trustees tDnsid. thcst to be comparable due to thctn being virtually for identical tiine periods. CrÈticAI Aeeounting judgemeiits key sources ofestim8tioii unrertxillty Judgeill¢iits aud key sourtes of ÈstimaiDll uiicertaÉnty In the applic8tion of the charity's auountillE policEes, tlie trustee5 ¥Tc requiied to makejudgements. estimates assumption8 abOl the cai'ryinE >movtJi of &8seis 2nd liabilities that >t I'eadily appwellt fi'om other sources. The estimates a880ciated assumptions are b85ed his1ori[ cxpuience and othej. factors th&t al'e cotisÉdeJrd to J'¢leva¢it. Actual results may differ from these e81itnates. The cstimates underlyitlg a5sumplion5 ore reviewed an ongoing basis. Revision5 to accounting esliJn2tes are rccugn&std in iht pcviod in which the estunatc is r¢vi5ed Thliere the irvision affects only that period, or in the pea'iod of the iEvision 9d fuiure P¢Tiods whc¥c thr rrvis50n affccts bo(h Cwfcllt alld fvttll'e periods. CrEtltxl Ju41gemtMts The folloiving judgements (apart from 11]ose involving estsn)ates) h&ve had the most sijr1caI}t effect on amounts recO)iSed irt the fuwicial statements Tlie key source ot estimatson un¢ertairLty relates to thr valuation ot the land which is part of the building purcliased in tile Ye.. In Ihe abscnLC of a professional valuation of the lan¢1 th¢ tmstees Used their expei'iellce and professional jydeement to asse%% the vaIu¢ of tht land. GoSttg Comtei'n At the Balance Sheet date, thc Ghat'ity had ti¢t cwiEnt liabilities. This is due to the Kze El&sDa loatLS Shown 95 duc wÉthin otte ye81. In thc opinion of thc tiuste¢s these ale "soft loans" frojn the conjmunity and supporleiE of the Ch'lty. There is an unikrstanding of fl¢xibility and iEpayment could be defoyed. The ti'ustee5 are confident of continued suppoit from tlie conJmunity. The li'ELStees have also Cot]sid.ed the poleatial impact of VAT fre income. In the opinion of the tn]st¢e4 they have proceduiEs in place lo rcducc thc inipact ot VAT o# fee itjcome. li Ès for these reasotts, the accounts have been pJ'q)ai'ed on a going cot)cerrL basi5. Income Grant$, fr¢5 and gift aids recogni$ed ott a J'eceivable basis. All oth¢r incom¢ 1$ reco£rrised when tvs received. Expenditure L.iabilities art iEcobmised as expenditu as 5ooTr is a legal or constiuctive obligation comtnitting tlie ch'lty t¢ that expendituve, it is pvobable that a transfei. 4)f economic benefits will b¢ requii'ed in settlement and tlie arnot of Ilie obligatÉon Can be ille&sured iEliably. Expct]diturc 15 actountcd toj. on accruals basi5 and 111$ beert classitied un(ki' headings that aggregate all c08t related to the calegory. Wlien ¢osts cattnol be dii'ectly atti'ibuted to particial. h¢ading5 they have beet) Alltscated to activities on a basts collsistenl watli the u5¢ of Yesouices. Page 16 continued..
AFIFAH ACADEMY NOTES TO THE FINAE4CIAL STATEMEINTS- eontlttlltd FOR THE YEAR ENDED 3A AUGUST 2025 ACCOUNTING POLICIES- ¢oii¢iryued T%iigible fixed a55ets Dcpreciatioii is provided at ti)t tollowing annual I'atcs in ojder to w'ile off esch as5d oveT jts estimated eful breeliold pJx)perty 2% on a straight litte Land- ml pmvided Short Lea%ehald 5% on a iEduciii8 balance Fixtures & Fittin28- 18QA on Cost The gain ov loss 'Isi2 oll the disposal of the an asset j8 detertntned the diffeirnce betwe the s8le proceeds and the Tying value of the ass¢i. and Ès oEdiied oi. Ched to proftt tsr loss. Impairmettt of 15xed assets At e8cli I'eporting pei-iod cnd dat¢, the chai'ity reviews Ilie cari'yit)g 3niounls of Its tangible assets to deterinine wh¢theJ' tl)¢re is 8ny it]diLation that diose assets suffered an impdimlertt loss. If ¥ny such inditatson exists, Iht iecoverablc noUt of the asset is Estimgted in ol'der lo det¢Tmine t[ extent of its impairment loss lif any). Wh¢t'e it 13 not POSsÉble to &stimate tiK recoverable amount of aJ ittdividual asscl tile charity esiiiates the recoverable ount of dxe cash £eneMiing uttii to which the asset b¢lon8S. Recover&ble 8mowii is the hiEher of f&ii' vaEiie le&% ¢ost$ to sell and value in e. In aesSing value use. the cstirna(ed futuiE £8sh flows are di3CQilllted to theii. pirsent value using pre-i&x discount Tale th iyllects CUiEnt market assessments ottlie linie value of nioney st the iisk8 4)e¢ifioto th¢ a5S¢t foi. Ivhichthc estimate3 of future cash flows have ]kn)t been adjusted. It'tbe iecDVti%ble 8moutJl' of &n a$$et {oi' cash genei'ating unit) estimated to be less ils catTying aniounl, the carrying amount of the asset {oi' cash gcJ¢rating unit) is ieducLd to ils rccovcrablc All inipairrncnt loss is J'ecognised immediately in PTofit or las$. unles$ the i'el¢vaBt asset i5 C8Yricd at a revalued amount, lll which se the impaiTmeut Ioss i5 treated as a revaluation d¢cir¢. FiiLYlrtrial ill5truments The ¢1.itY has ¢Ited to apply thc provisions of Section I I 'B2sic Financs81 Instruinents, and Section 12 '0ther Fiimftcial Instruments 153ues' of fRS 102 to ?11 of its financial iiisliunenls. Financial insliJmti1ts 2lt ttcognistd fft the tharitys balttnce slieet wheii the ¢hai'ity becomes pty to tlie contrathial provisions of the insti'ument, Financial assets and li&bilities are oftset, Ivith the net ainounts presethed ill the fuMn¢ial statemettts. iliere is a legally entoireable iigbt to set oft tlie reCOsed and there is an inteTrUOO to Settle on a net b18 oi. to reAlise die assei and seitle the liability $iJnultaneously. B¥5ic fEllaCial a55ets Basic fjnancial assets, wliidi include trade Snd other debtoi% aT)d c3sh and bat]k balances, aiE initially mealI.ed at tr{S#¢tiOll PTi¢¢ iRcluding tratLsactiotL Costs and SbseqnI2Y carried at ainoitised cost iising the efftctive interest method iinless die arrangenttl constitutes a fintrKing transaclion, where the IrdllS8clon is measiired at the present valu¢ ol th¢ futurE r¢G¢ipts dis¢ouiited at a market rate of interest. Finallcial assets classified as i'ec¢ivabl¢ withEn one ye. are not anioitised. BR51¢ finhmciftl IiAbilities Basic fllmiicial liabilities, fftcludin£ crediloil Karze Hastw loans froni the local commuiiity. are iiiitially J'ecogiised at tiw]saction price unless the aiiangejjient constitute a financing transaction, Ivh¢re th¢ loa ii)slrument is measured at the presettt V8]ue of the futuye pAents discounted at a rnarkct lak of iateresL Fii*nci41 liabiliti¢s ¢la&8tfied as payabl¢ witliin on¢ ye. are not allM)itised. Page 17 continued...
AFIFAII ACADLIMY NOTES TO THE FINANCIAL STAT£MKNTS- ¢o¥itillued FOR THE YEAR ENDED 31 AUGUST 2025 ACCOUNTtNG POLICIES- totIned TatigTble fixed assets Ti*de ci"edifors are obltgations to foi. goods or %iviffs th&t havt been acquired sn the ordiuwy course of busin¢8s fiy)m suppliw5. Amouttis pay8ble are ciassifjed as curirnt liabilities if paytllcnt 1$ due withui year oi. less. If ttot, they pi'esented as Mn-curreiit liabilities. Tiadc ttedilors arc jrColsed initially at Il2¢tioi1 price and 8ubsequ¢Trtly Inea8ur¢d at amoTtised cost usingthe effective inteKest n]ethod. TAX&tioii The charity 15 rxcmpt from torpoi'atiott tax on its chitable a¢tivi¢i&8. Fund Aeeounting Unte$tricted fwids be uqed in accordance with the cliai'itable obj¢rtivr5 at the discretion of ttLe trustees. Restyicted ti]nds can only b¢ used for particulw restricted wrposes within thc objesls of the ch.ity. Restricuolls arise whetk specified by th¢ donot or wh¢tL funds are raised foK particular re5trict¢d put'PDSt5. Further eXpla[tiOn of the nabJYe purpose of each fid i8 in¢led in note$ to the finattci slatcments. Hlve puitb2se And leAsing commitments ReTrtals ld uithi operating leases charged to the Statetll¢tLt of Finatloial Activittes on a straight line basls over the wiod of the l¢a8¢. Pension costs otlier post-retirement benefits The ¢1].1tab1e cotnpany op¢rat¢5 a defined eantributioll pension sckme. Conlribuliuns payable lo the c'1tab1e COEllPdTry'S PU]siun scljtine ¢'ged to the statn¢t ofFiE%11[ iictivAties in the period to which they Erla¢¢. Coiicts$ifjii¥ry l(bAtI8 Interest free loans (Karze Hasn&) from the eon)muttity accounted for as due within CELCal. DONATIONS AND LECACIFS Period 219r23 Yeai. Kded 3118125 3118124 as ¥¢stated Donations Gift aid 595,656 28,254 1,770 605,619 30,024 OTHER TRADINC ACTtVlTLES Period 219123 Year Ended 3118125 3118124 as restated Fundraising eveJJÉ8 12,731 50,317 Page 18 continued...
AFifiAH ACADEMY NOTES TO THE FINANCIAL STATEMENTS- continued liOR THE YEAR ENDED 31 AUGUST 2025 INVESTMENT INCOME P&iod 219123 Y¢ar Ended 3118125 3118124 as restated Other intetest i'eceiv¢d 694 INCOME FROM CHARITABLE ACTIVITIES Period 219ll3 Year Knded 3118ll5 to 3118n24 8s restated Activity Fees 8rtd R¢gistTation Educaiion l.ood Sal&% Education Oth¢r Educatioiml Rcsourccs Educatloi) 1,201,779 22,468 667 1,020,217 13,861 600 1,224,914 1,034,678 I xc101yAL ITEMS ExceptiotkAI Itettts Period 2ryQ3 YeAI' Emded 3A18ll5 io 3118124 as rested Exceptional items 336J59 This 18 the disposal of the le2sehold duying the year 8$ it sitnultane0s]Y aCqllEd as a frediold. CHARITABLE ACTIVITIES COSTS Support costs {see note 81 Charitable Expendittjre Govetnatjce to$t Finance ,154,150 36.SOO 1,078 1,29J,728 Pag¢ 19 ontinued...
AFIFAH ACADEMY NOTES TO THE FINANCIAL sfATEMENfs- coiitlllu¢d FOR THE YEAR ENDED 31 AUGUST 2025 SIJPPORT COSTS Goveinance osts Martagemenl Fitjance Totals Cha¥itabl¢ ExndItUre Govel.ic¢ cost Finance 1,254,150 1,254,150 36,500 1,078 36,500 1,078 1,254,150 1,078 36,501) 1,291,728 NET INCOMFJ{EXPEP4DITUREI Nel itlcomellexpendilurel 15 Stated afler charginy/(uediting)= Pwiod 219123 to 3118r24 irstated Year Eijded 3118llS DepreGiation- owned asscts Hiir of plant and machkncry 13008 10,467 20,037 9,484 io. AUDITORS, REMUNERATION Period 02109123 31108125 31108124 Audit fees Other noll-audit seivices 4,000 2,000 4.000 2,000 6.000 6.000 TRUSTKL8' REMUNEtUTION AIYD BENEFITS There were tK> U'LWtees' retllunei'alÈoD OL. Othei. benefits for the year ended 31 August 2025 tLor for the period cmded 3 1 August 2024. TrSt¢t$' expthses TheiE w¢r¢ rto trtres, ¢xm¢s p&id for tli¢ ycar ¢nd¢d 31 August 2025 nor foy th¢ pttiod end¢d 31 AUg5t 2024. Page 2Q coniinutd...
AFIFAH ACADEMY NOTJLS TO THE FINANCIAL STATEMENTS- COlltiJJuÈd FOR THK YEAR ENDED 31 AUGUST 2025 srAFF COSTS Period 219123 lo 3118124 YeAr Ended 3118125 % rest&tcd Wages and salaries 8otial security tosts Oihei. p¢nsion ¢osi$ 941.772 57,24Q 9,507 831,294 dlO,269 8,825 J,008,519 880,388 The 4verage monthly number of ertjployees duvirtg the year was as follows.. Period 219123 Y¢ar Ended 3118125 3118124 as restat ch.itable Adiiiity Jnd Management 76 82 72 No enipk>yees received emoluÉnents in excess of £60,OIK). 13. COMPARATtVES FOR THE STATEMENf OF Fll¥ANCIAL ACTIVITIES Unresti'i¢t¢d Restricted Total fi]nds as leated INCOMF. FROM Donatiorjs attd legactes 30,024 30,024 Chai'itable ACtivitÉ Educatioji 1,034,678 1,034,678 Othei. ti'aditjg activities Oiliei. Encome 50,317 14,481 50.317 14,481 Tutal 1,129,500 1.129,500 EXPENDITURE ON Charitable activitie5 Charitable Bxpenditure Govern&nee cost 1,252,356 50,417 1,252,356 50.417 1,302,773 1,302,773 NET INCOMEIIEXPENDtruRE) 1173,2731 {173273) Pagt21 continucd...
AFIITAH ACADEMY NOTES TO THK filNANCIAL STATEMENfs- cotktiiiued FOR THE YKAR ENDED 31 AUGUST 2025 13. COMPARATIVES ITOR THK STATEMENT OF FANCIAL ACTIVITIfs- coiitiiiued Unycstixeted Rcstriclcd fund Total funds as restated RF,COPICIUATtON ofi FUNDS Total fumds brougbt As pi'eviously r¢ported Prior year 8djustinent 553.057 19,813 553,057 19,813 As rest&ted 572,870 572,870 TOTAL FUNDS CARRIED FORWARD 399,597 399,597 14. PRIOR YEAR ADJUSTMENT A prioi. yew. adjustment iElatittg to th¢ ovcrslatement of pupil deposits was identified during the period ended 2024. The prioi. yeaT elosing balance of pupil dtposits was 'eViOUslY TepM)ited at £34.618 should hav¢ beetl £14,805. Accordingly. art adjusttncnt of £19,813 has beett made to opellittg treiained earnings in the peiiod ending 2024 to correct eny)1's made over numbei'ofyt2rs. 15. KEY MANAGEMENT PERSONNEL Thc Key MÈnageinent Personnel compi'ises of tIK Board of Tstee5. 16. TANGIBLE FJXED ASSETS Fixtues and fittings Fieeiiold Building Shoit leebOld Totals COST At I Sepleinber 2024 AdditL0118 Disposa15 441,097 10.000 14.527 451.097 741,672 {441.0971 n7,145 {441.097) At 31 August 2025 727,145 24 J27 751,672 DEPRECIATIOIY At I Septembe¥ 2024 Ch.gc foi. year Eliminattd on dis30[ 99,865 3,690 4,765 IDJ.555 13,8118 {99,8651 9,043 {99,8651 At 31 AUgt 2025 9,043 8,455 17,498 NET BOOK VALUE At 31 August 2025 718,102 16,072 734,174 At 31 AU2st 2024 341,232 6,310 347,542 Includcd within the firehold buildin2 is laRd valued by the Trustees at £275,000. In acLord&nee with applicable 2ccoiintii)g stand8rds, land is r¢wded as having an indefinite use1 e¢onomic life and is theitfoi'e not depteciat¢d. Companies House Cljarge There is t chargE on the building at Comparties Hotsse. Page 22 continued...
AfIFAH ACADEMY NOTES TO THE FINANCIAL STATEMi£Kfs- contiEiued FOR THEI YL4R ENDED 31 AUGUST 2025 17. DEBTORS.. AMOUNTS FALLTNG DUE WITHIN OIYE YEAR 31.8.15 31.8.24 as i'estated Trade dEbtors Other debtois Pi'tplyinents 88.348 89 I.IL8 64.34 89 89,555 64.430 18. CREDITORS: AMOUNTS FALLING DUE wrrHII¥ ONK YEAR 31A.25 3 1.8.241 as reststed Trade Litditr)Is OtheT tredttors Katze Hasna Ac¢iiJed CXPUL5rs 11,987 187,901 109,500 21,930 31,893 48.607 30,200 L L,430 331?18 121130 Karze H&stJa are irrt¢r¢5t free eoncessionary loans fiDm the cotllTlluT]ity repayable on request. 19. LEASIIYG AGREEMENTS Minimum IEa5e V4yLTr¢nts undei. non-cancellable operatin£ leases f[ due as follows.. 31.8.25 31.8.24 as r¢8tated Within one year Bctwccn onc and five years 9,363 18,320 9,344 18,339 27,683 27,683 20. ANALYSIS OF NET ASSKTS BRTWEEN FUNDS 31.8.25 31.8.24 as Irstated Tts1 ds Unrests'icled nd Restricted fund Total funds Fixed assets Curjtnt as5et5 Currerti liabilities 734,174 231J,582 1331,318) 734,174 230582 (33t J18) 347542 174,185 (122.130) 633,438 633,438 399.597 Page 23 tontirtued...
AFIFAH ACADEMV NOTES TO THE FINANCIAL STATEMEI NTS- eoJtittued FOR TH]L YEAR ENDED 31 AUGUST 2025 21. MOVZMENf FiiNDS Ntt movement irt funds TIEllsfei's beiween fill8 At 3118125 At 119124 Uiiie5tri¢ted funds Gential fund 399,597 (581,141) 814,982 633,438 Restrktted funds Resu'icted 814J82 (814,982) TOTAL FUNDS 399,597 233,841 633,438 Net mov¢ment in fwids, included iji the above are as follows.. tncomin8 rrsourc¢s Resourtes expended Movement itL fvods Ilnie$trleted fitttds General fid 1,047,146 11,628,287) (581,141) Restricted Rtstricted 814,981 814,982 TOTAL Fuf4DS 1,862,128 (1,62&287) 233041 CompArAtives foi. moveihent in fuiids Prioi. Net movetnent in funds At 3118124 At 2L9123 adjustment Unrestrlettd futtd 553,057 19,813 (173,273) 399.597 TOTAL fiUNDS 553,057 19.813 (173,2731 399,597 Comw•tiv¢ net movenient in fimds included in the above are as follows.. IncoTriing Yesource8 Resources expejjde Movement Uiire8tiYcted knmd 1,129,500 11,302,773) {173,273) TOTAL FUNDS 1,129,500 11,302,773) (173,273) Dui'ing the year, £814,982 was transfei'red from r¢slri¢ted fvnds to ut)irstricted fijttds. The restricted funds mpyised donations of £541, 664 irceived towards dit pChaSE of the free1Id piDperty and £273,318 1'eceiv¢d to siipport students with special eduLational needs. Upon coinpletion of the pix)perty puJ'clia5e and eXpen{lu1 of Ilic fiS for their intended pw'poses, tile restrictions attadied lo tliese funds were satisfied and the balances wer¢ tliercfore releasedto tllllrstricted funds. Pagc 24 contillued...
AFIFAH ACADEMY NOTES TO THE PINANCIAL STATEMENTS- continwed FOR THE YEAR EIYDED 31 AUGUST 2025 21 RELATED PARTY DISCLOSURES Two daughtti% of tiustee HgThid Cl?unara, who wa8 appointed 6th 2026, weir employed by the Charity during the fjnancial year and coniinued in ejnployment aftei. the yw end. AppTopriatc confliot of interest procedui'es were followed Ilyoughout. Hainid Cl)unara took p&ri in dtcisions re18ting to tli¢ii' ¢mployment or IEmvneJ?tion. The trSItes are sati%fied that th¢ii' reMuttei0 wa8 rcasorwble ajd itt lit)e with the chIty's normal employment praGti¢es. 23. RECONCILIATION OFNET COME1{£xPENDlTuREl TO NKT CASH FLOW FROM OPEIL4TING AcfIviTIES Pei'iod 219r23 to 3118124 Yexr Ejided 3118125 as irstated N¢t itteomtl1expendir¢I foi. tlie repoiling period las per th¢ Statenjeut of fiDaiicial Activities) Adjustnients for,, DepiELialÈun Iniei'est received Increase in d¢btor$ Increase in ¢redito¥s 233,841 1173,273) 13,807 1694) 125,124) 209,188 20,037 116,430) 60,897 Net cHsh piY)vid¢d byJ{u5ed iii) operAtiom5 431,018 (108,769) 24. ANALYSIS OF CHANGES IN NET FUNDS At 119124 Cath flow At 3118ll5 Nét tasli Cash at bank and iii hÈEid 109,755 31.272 141.027 109,75S 31,272 141,027 Tothl 109,755 3A,272 141,027 Page 25