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 st￿teMe11t 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 stand￿y] applicable in ihe UIC Jlld Republic of lieland (FRS 102) (eff￿live l Jattuary 20191. Objeetive All￿5 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]'irn￿y 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 Arif￿1 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 ay￿￿al 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$al to pu[GI￿se the buildin& Fundraising efforts look place to fiftd donoj's and those willing to Pl￿VId￿ Kh8r2-e-Ha8na linteirst firen8lainic Loan) to assist in the ptsvcliase. Tl]rou￿) an eff￿tIVe n)arketing C￿lipal￿* donors were 5¢¢ured ss wert vai'ious individuaL8 willing to pi'ovtde Kha￿.¢.Hasrt& The conveyancing pl￿ceSS was cornplctcd irt December 2024. Atrf&h School are now the ownas of86 Clifton Street M16 9GN. There was an exceptional ch&rge of£336,559 due io t[￿ disposal. of t1￿ leasehol(t ￿sIdIn Buildillg Maillteiiaiite The following inve5tm¢nts an(5 mainten&ttce have been ¢arii¢d out during diis financial year.: l. Two eomineirial boilers i'eplaccd 2. Mobile oil heatcrs pw'cthased, to ensuir 5¢hool could ¢ontinue to opeiate. 3. Butterfly room outdoor area wethther-pitstsftd 4. R&diator ¢over$ ptllrhosed foy EYFS cla&8JDon 5. Po*ntillg 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 STr￿11 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 fi￿dIng 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¢ gove1￿Ment 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 COnfere￿e 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 ruw￿laI1Y 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 (COm￿en¢]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 B￿s￿eSS eJtcrpY*se- £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$9ful entreprenew (ownei. of Hayaa AciEve). Tliis klped sludenls undci%taRd the logistics of ownirtg a busineqs that outsouirt8 alld woil(s ixtteiyJ&tionally. There w&% also a tiip to a factory to txploi'e unioue selling w>inl. OUT annual Chai'ity Fun Day in July 2025 was 2 joint initiative ivitli ALtsOn foT Humanity. We J,￿sed£2,8AO. Trips iiitludcd this yeaj.: l- Local Gwdwai?, Hindu templ4 Church and Jnosque 2- Ca(tbuiy Woi'ld 3- Manchestei. Museum 4- Blackpool Zoo 5_ Picni¢ in the park 6- Itnaginc That 7. Lo¢41 fw'm 8- York ch[￿late Factory 9- Sciert¢e & Industry Mu8eum 10-Chilla Town I l-Imperial Ww. Mu5¢1Im 12.Mu5¢um of Illusion 13-Whitworth Arl eJall¢i'y 14.Hi5toi'iomosque in LiVeJp￿1 Ow. Year 6 pupils were given the extiting opportunity to take wt in Afifah's vei'y fi¥st residential trip to ROb￿W00d Activity Ccntr¥s. This eTwiching exp￿.￿en¢t piDyid¢d child￿ll Ivith the chance to step beytsnd the ¢193srootn. embi'ace challenga8 and creatt lasiingmetWI'5e3 with theii. peers. Tht itiidential was carefully dtsiened to develop t¢8mwoi'k. resiliettce, confidei)ce and independence tl]rouoli a wide ¥an8¢ of adventW'OU8 Olltdoor A¢tivitic& PL%pils trxik p￿( in cxciling challenges which illcluded cliinbirtg wa115, archery canocing, wil'in& ¢avingg crate stacling. pioblcm-501ving activities and obstacle course$. Each actlvlty ¢ncouragcd children to c0￿mUnicate 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 I￿lIding Sti'ong￿. friendships and le￿rIng the value of cooperation 2nd Icadcisl]ip. The 8ucce8s of t1￿ tesidential Yeflects Aififali's c￿nin￿[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. B￿￿19￿ R&ven8tor (in paitheyship with N(Yr,i Feb 2025 MSC Foodbank CareeiE F&ii' Yegj. 10 & Ytar I I AqsA Week- Highligh￿d 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 . TOgetheri￿￿8 & 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 A￿1VITIEs Public bellefKt The tr￿SteeS 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 th￿lty 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 Illat￿ge 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 cl1￿J￿bIe 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 success￿lY. Accoixlingly. they believe th¢ goingconcem basis És an appropriate ou¢. Reserves polity The truslccs warking lowaiyls a res￿ve poliry to Co￿r 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¢rllol￿dduM and knicle$ of Association and constitutes a litTritrd w[tLPB￿Yj 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, exper1et￿e 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 ￿￿e￿IlY Gh¢rk5, thc indiv￿dUal is foimlllly appointed &ttd added as a Truslet of thc Acaderny. Tlie Board seeks to maint￿n an appJ￿pi,I#l¢ balance of skills And ¢xp¢rience q¢ros8 areas including educaiion, finat)¢e, 80Ver[￿nCe, legal and regvlatory ll)att￿N 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 S￿￿3rd￿1P of tiic Ac&d¢iw. The B4￿d meets irgiilarly to co1￿ide1. 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 in1cl￿al con(rols' . m#jor c&pild expendituie 2nd conts'aGtual collJJnits#elll$,' - pi'emis¢s and estate mattti4 . fi]nth*ising 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. Operat￿o￿al 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 itnpoi*ance, together with mattet3 specifically ie%cTved to the Tiustccs under th¢ A¢edemls govtming ￿'rangeMentS and d¢legation fi￿￿tr¥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 rid￿I￿Y 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 Ed￿tiOn (KCSIE}. safeguardiog and child ￿x)teCtiOn. equality duti¢s, h¢<li and $afrty, sa[￿. recruitmetit ￿)d other relev￿t 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, particul￿lY following chJnges to l¢gi51aiion, statutory guidance oi regulatory requireillenl5. Thc Board receives lEgul￿. repoits on key ￿taS including safeguardin& educatiottal perf￿r￿anCE attelldatL¢e, behaviour, ftswicc, 5taffll)g and risk, enabling Trustee8 to provide effectivt ovexsiEhL chaIleng¢ and a55ui¥nce. Key m4iiageinetit iemU￿erAtIQ1l 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 ￿￿U￿t Lliat Irniunej'atioii IrmgiDS pvoporlionate, fair and competi(iv6. Th¥ natiol￿1 s£￿[ pay s¢ales plovide an Ap￿1]prIsIe external benrhmwk for the ACad￿lly when dekrinining and iEvieiving staff Irmuneration. In ddeimining reJDuneration, the Trustees also consider the Arademg5 fanan¢ial resources, bl￿get￿ry 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 (b*heJ- Orga￿lsAtiOnS The ACad￿nY iTr)ailltain8 I'elationship5 Wtth a iw]ge of individuals, or2aAiSations and COM￿￿￿lty 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'g￿ls￿lI0nSj professional advisers #nd odieT releV￿t 8takcholduE lo sUp￿rt 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. Rel*t¢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 refju￿ed to de¢lwe itlev%Jnt intei'e%ts. and appropi'iate steps are taken to ensure that de¢i$ion$ involvillg trt*tial Ix)nflicls are n)ade trgnspa¥etLtiy &rtd in tile b¢5t interests of tli¢ Acade￿Y. 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, s*fexuardingy onplo)4nent, reg￿OI0ryj S¢gal, Irputatlollal) premises and buSi￿sS ¢ontinuity ri$ks. Risk Ma￿agc￿¢￿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 ￿￿￿t￿ettts, insurdnce cover, I-IR p￿CedureS and oversight of Icgal and rtgulatniy camplTance. The Trustees recognÉ$e tlKMt the of risk rtquircs ongoing rev%ew and tharfort fl8ks inonitoyed r¢guI￿lY 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 I￿su￿1¢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) Registe￿d Clisi'ity nllijiber 1120284 (England alld Wales) Registered office 86 Clifton Stsr¢l ma￿hester 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 p￿ip0Ses of cornpany law) responsible foi. PI'¢Pflring the Ilepoit of the 1'r￿sle&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 tr￿Stee8 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¢i￿lY Accepted A¢countitLg Practice (Ujyted Kingdom Ac￿ll￿ting SiandaTds and appli(xblc law}. Under CO￿panY 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 account￿￿8 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 re￿nabl£ 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 ￿l￿D￿D 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¢ irviewi138 I'egulatory correspottdenc¢ with thc Ch￿￿ty commissio￿ and iEadifjg minutes of m¢ctiYw of tlios¢ ¢haTged with govei'nance. Owing ta irfielent limitations of an audit, the*¢ 15 unavoidable risk tl)ai we not liave ¢kteoted some material misstatements in tl?c fil￿nCial ÈtOt¢menls. even thougli wt havc propei'ly planiicd and pcitotJned audit in aGcordallr¢ W￿th Tlit ISA'S (UK). Foi. exainple. the furtliei. r¢tnovEd lloll-conipliance witl) laws fjrtd regulations (Ii'regul￿.itJes) is tile eveiits and transactioiig i'eflected En the financial statements, Ilie less likely the inlierelltly limiied ￿tiCedUreS required by The ISA'S (UK) would identity it. In addilion, gs with any audit, theit remained & liigher risk ol J￿￿-deteCtiOn ok irregulai'ilies. as diese may involve colliision, forgeryi ilitentional oniissi0Tr5, misirpi'esentatloi￿. or Ilit overi'ide of iiiiernal controls. Wc are not iesponsible foi, preventing nonmovtJi 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 9￿d 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 si￿jr1caI}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 K￿ze 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 arno￿￿t 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 partici￿al. 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 ￿'Isi￿2 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. Ch￿￿ed 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 ￿noU￿t 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 a*J ittdividual asscl tile charity esiii*ates 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 a￿esSing 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 ¢I￿ted 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 p￿ty 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 reCO￿￿sed and there is an inteTrUOO to Settle on a net b￿18 oi. to reAlise die assei and seitle the liability $iJnultaneously. B¥5ic fElla￿Cial a55ets Basic fjnancial assets, wliidi include trade Snd other debtoi% aT)d c3sh and bat]k balances, aiE initially mea￿lI.ed at tr{￿S#¢tiOll PTi¢¢ iRcluding tratLsactiotL Costs and S￿bseq￿nI2Y carried at ainoitised cost iising the efftctive interest method iinless die arrangen￿ttl constitutes a fintrKing transaclion, where the IrdllS8cl*on is measiired at the present valu¢ ol th¢ futurE r¢G¢ipts dis¢ouiited at a market rate of interest. Finallcial assets classified as i'ec¢ivabl¢ withEn one ye￿. are not anioitised. BR51¢ finhmciftl IiAbilities Basic fllmiicial liabilities, fftcludin£ crediloil Karze Hastw loans froni the local commuiiity. are iiiitially J'ecogiised at tiw]saction price unless the aiiangejjient constitute a financing transaction, Ivh¢re th¢ loa ii)slrument is measured at the presettt V8]ue of the futuye pA￿￿ents discounted at a rnarkct lak of iateresL Fii*nci41 liabiliti¢s ¢la&8tfied as payabl¢ witliin on¢ ye￿. are not allM)itised. Page 17 continued... AFIFAII ACADLIMY NOTES TO THE FINANCIAL STAT£MKNTS- ¢o¥itillued FOR THE YEAR ENDED 31 AUGUST 2025 ACCOUNTtNG POLICIES- to￿tIn￿ed TatigTble fixed assets Ti*de ci"edifors are obltgations to foi. goods or %iviffs th&t havt been acquired sn the ordiuwy course of busin¢8s fiy)m suppliw5. Amouttis pay8ble are ciassifjed as curirnt liabilities if paytllcnt 1$ due withui year oi. less. If ttot, they pi'esented as Mn-curreiit liabilities. Tiadc ttedilors arc jrCo￿lsed initially at Il￿2¢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 ch￿itable a¢tivi¢i&8. Fund Aeeounting Unte$tricted fwids be uqed in accordance with the cliai'itable obj¢rtivr5 at the discretion of ttLe trustees. Restyicted ti]nds can only b¢ used for particulw restricted wrposes within thc objesls of the ch￿.ity. Restricuolls arise whetk specified by th¢ donot or wh¢tL funds are raised foK particular re5trict¢d put'PDSt5. Further eXpla[￿tiOn of the nabJYe purpose of each fi￿d i8 in¢l￿ed in note$ 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 stat￿n¢￿t ofFiE￿%11[ iictivAties in the period to which they Erla¢¢. Coiicts$ifjii¥ry l(bAtI8 Interest free loans (Karze Hasn&) from the eon)muttity accounted for as due within CELC￿al. DONATIONS AND LECACIFS Period 219r23 Yeai. K￿ded 3118125 3118124 as ¥¢stated Donations Gift aid 595,656 28,254 1,770 605,619 30,024 OTHER TRADINC ACTtVlTLES Period 219123 Year Ended 3118125 3118124 as restated Fundraising eveJJÉ8 12,731 50,317 Page 18 continued... AFifiAH ACADEMY NOTES TO THE FINANCIAL STATEMENTS- continued liOR THE YEAR ENDED 31 AUGUST 2025 INVESTMENT INCOME P&iod 219123 Y¢ar Ended 3118125 3118124 as restated Other intetest i'eceiv¢d 694 INCOME FROM CHARITABLE ACTIVITIES Period 219ll3 Year Knded 3118ll5 to 3118n24 8s restated Activity Fees 8rtd R¢gistTation Educaiion l.ood Sal&% Education Oth¢r Educatioiml Rcsourccs Educatloi) 1,201,779 22,468 667 1,020,217 13,861 600 1,224,914 1,034,678 I xc￿￿101yAL ITEMS ExceptiotkAI Itettts Period 2ryQ3 YeAI' Emded 3A18ll5 io 3118124 as reste￿d Exceptional items 336J59 This 18 the disposal of the le2sehold duying the year 8$ it sitnultane0￿s]Y aCq￿llEd as a frediold. CHARITABLE ACTIVITIES COSTS Support costs {see note 81 Charitable Expendittjre Govetnatjce to$t Finance ,154,150 36.SOO 1,078 1,29J,728 Pag¢ 19 ontinued... AFIFAH ACADEMY NOTES TO THE FINANCIAL sfATEMENfs- coiitlllu¢d FOR THE YEAR ENDED 31 AUGUST 2025 SIJPPORT COSTS Goveinance osts Martagemenl Fitjance Totals Cha¥itabl¢ Ex￿ndItUre Govel.￿ic¢ cost Finance 1,254,150 1,254,150 36,500 1,078 36,500 1,078 1,254,150 1,078 36,501) 1,291,728 NET INCOMFJ{EXPEP4DITUREI Nel itlcomellexpendilurel 15 Stated afler charginy/(uediting)= Pwiod 219123 to 3118r24 irstated Year Eijded 3118llS DepreGiation- owned asscts Hiir of plant and machkncry 13008 10,467 20,037 9,484 io. AUDITORS, REMUNERATION Period 02109123 31108125 31108124 Audit fees Other noll-audit seivices 4,000 2,000 4.000 2,000 6.000 6.000 TRUSTKL8' REMUNEtUTION AIYD BENEFITS There were tK> U'LWtees' retllunei'alÈoD OL. Othei. benefits for the year ended 31 August 2025 tLor for the period cmded 3 1 August 2024. Tr￿St¢t$' expthses TheiE w¢r¢ rto tr￿tres, ¢xm¢s p&id for tli¢ ycar ¢nd¢d 31 August 2025 nor foy th¢ pttiod end¢d 31 AUg￿5t 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 le￿ated 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 F￿ANCIAL 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 T￿stee5. 16. TANGIBLE FJXED ASSETS Fixtues and fittings Fieeiiold Building Shoit le￿ebOld 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 dis￿30[ 99,865 3,690 4,765 IDJ.555 13,8118 {99,8651 9,043 {99,8651 At 31 AUg￿t 2025 9,043 8,455 17,498 NET BOOK VALUE At 31 August 2025 718,102 16,072 734,174 At 31 AU2￿st 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 use￿1 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 Tts￿1 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 fill￿8 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$trleted fitttds General fi￿d 1,047,146 11,628,287) (581,141) Restricted Rtstricted 814,981 814,982 TOTAL Fuf4DS 1,862,128 (1,62&287) 233041 CompArAtives foi. moveihent in fuiids Prioi. Net movetnent in funds At 3118124 At 2L9123 adjustment Unrestrlettd futtd 553,057 19,813 (173,273) 399.597 TOTAL fiUNDS 553,057 19.813 (173,2731 399,597 Comw•tiv¢ net movenient in fimds included in the above are as follows.. IncoTriing Yesource8 Resources expejjde Movement Uiire8tiYcted knmd 1,129,500 11,302,773) {173,273) TOTAL FUNDS 1,129,500 11,302,773) (173,273) Dui'ing the year, £814,982 was transfei'red from r¢slri¢ted fvnds to ut)irstricted fijttds. The restricted funds mpyised donations of £541, 664 irceived towards dit p￿ChaSE of the free1￿Id piDperty and £273,318 1'eceiv¢d to siipport students with special eduLational needs. Upon coinpletion of the pix)perty puJ'clia5e and eXpen{￿lu1￿ of Ilic fi￿￿S for their intended pw'poses, tile restrictions attadied lo tliese funds were satisfied and the balances wer¢ tliercfore releasedto tllllrstricted funds. Pagc 24 contillued... AFIFAH ACADEMY NOTES TO THE PINANCIAL STATEMENTS- continwed FOR THE YEAR EIYDED 31 AUGUST 2025 21 RELATED PARTY DISCLOSURES Two daughtti% of tiustee HgThid Cl?unara, who wa8 appointed 6th 2026, weir employed by the Charity during the fjnancial year and coniinued in ejnployment aftei. the yw end. AppTopriatc confliot of interest procedui'es were followed Ilyoughout. Hainid Cl)unara took p&ri in dtcisions re18ting to tli¢ii' ¢mployment or IEmvneJ?tion. The tr￿SItes are sati%fied that th¢ii' reMutte￿i0￿ wa8 rcasorwble ajd itt lit)e with the ch￿Ity's normal employment praGti¢es. 23. RECONCILIATION OFNET ￿COME1{£xPENDlTuREl TO NKT CASH FLOW FROM OPEIL4TING AcfIviTIES Pei'iod 219r23 to 3118124 Yexr Ejided 3118125 as irstated N¢t itteomtl1expendi￿r¢I foi. tlie repoiling period las per th¢ Statenjeut of fiDaiicial Activities) Adjustnients for,, DepiELialÈun Iniei'est received Increase in d¢btor$ 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