Cliarity r¢gistration numb¢r. 1125653 Safar Academy Trust Annuol Report oiid Consolidal¢d Finon¢ial S*at¢m¢nts for die Year Ended 31 Augusi 2025
Safar Academy Trust Contents Ref¢r¢n¢¢ and Admini51rativ¢ Dclails Trn$tees' Report 2toS Independent Auditors, Report 6109 ConsolidA¢ed Siaiement of FinaiiciAI Activities Consolidated Balance Shect 12 Balance Slieet 13 Consolidated Siaiernenl of CAsh Flow8 14 Sintemeiit of Cash Flows 15 Noies to the Financial Slètem¢AIS IOtg31
Safar Academy Trust Reference and Adminlstratlve Detalls Trustees S A Wasim M Baig SMAAmiad 1125653 ChArity Registration Nurnber PrAn¢lpal Offlce Suite 205 Nilc Business Centre 60 Nelsoii Street London EI 2DE Audltors DuThcan & Toplis Audit Lin)il¢d 3 CastleBaie aranthllm N03I 6SF Bgt)ker5 HSBC l Aldeiinans 14111 Palin¢rs Gr¢¢n London N135SR Page I
Safar Academy Trust Trustees, Report The tnTrstees. pr¢s¢nt tli¢ anrtuol r¢port iogeth¢r the consolidated finatkcial statEments ofihe cliarity for the year ertded 31 Auw1812025. Objectives und actlvltle$ Objécts uiiijs Our clwity's purpos¢ and aims are set oiit in the objects contoined in th¢ charity's Trust D¢¢d ar¢- l To adv8n¢¢ the education of ihE public in l&lamic education and pedagogy. 2 To provide grants, loans and other fiiiattcial assist)n¢e to ilie poor and needy and institiOnS for educatioTh, welf¥r< L'eliBiOUS needs and provide advice and assistance in obt)ining the sam¢', 3 To promote sii¢h other chaTltable PilTP05e5 as May from liine to lime be delerniined, The school aims 10 ensure ihat children ar¢ lau8hr throu8h a curri¢iilum thai is dircct¢d by the Word ofAllah and the Suniioh of Miiliaminad {peaee be up(Trn him). Tliey will Icorn lo discover and ev8lvcle ili¢ world 8rouiid them froin Musli1 persp¢ctiv¢ Aiid, by means ora braad tU1culM, Ih¢y will bc encouragcd tc Usc uiid dcvelop Ihcir gifts in a God.coiis¢ioiis ivay. Th¢ objcctlvc 15 to providc a Iiigh quality Miislim educLlion whicli will bring the best out vf all th¢ children and enablL thcm 10 have eoiifideiice iii tlie Mu%lim faitli aiid to Apply its prineiples lo their lives. This philosophy is reflecied in the eurri¢ulum, discipline and ethos of the school. W¢ u¢hi¢v¢ our choritable obj¢eiives by e&ryin8 Out ihc foll(Fwin8 aclivitie3:_ Dis%cniinaliun of resourc¢s iji l$lami¢ ¢diL¢81ion PLda¥uBy' Dev¢lopm¢llt ofre$ource$ aiid providin¥ support to sclioo15 tliat tcllcl) Islanii¢ subjcct5' KillIllg s¢hools in lh¢ UK for Lhildr¢n and &dults teuLliit)g Islamic sftidies., Providin8 Irailllll8 to school slatT, * Help the needy people abrood who Suffer from poverty and natural disasters. FuNdMl&lNg dls¢losure$ Th¢ group re¢eives donations tliroughoiit ihe year 10 further the educlllional purpose$ of Ihe charily. The ChATity work5 Wlthin thc community tc fiher the advance of educalion and provid¢ grants or finan¢ial llssisiance LO ilie poor ond needy. The IStee5 confimi tlidl they have complied with the requirements ofsectiott 17 of ilie Ch*rilie5 Act 2011 to liave due regard to the public beneflt 8llidunce publish¢d by th¢ Charity Commission for England and Wales. Use olvoluiileÈr5 Th¢ group is very Braieful for the use of volunieers 10 assist with fvnd raising. Fln9nclsl revlew Pt71icJi oil re5Èrvts The financcs ar¢ constantly reviewed by the commiiiee and a reseN¢ policy is es¢ablished whereby the unrestricted fithds not ¢omniitted should be held in reserve and maintained at a l¢vel whi¢h ¢nsur¢s that Safar A¢8demy Trust ¢oJr a¢liwty could ¢ontiftu¢ during 4 p¢riod of unforeseen difficulty. Page 2
Safar Academy Trust Trustees, Report Plans for future perlods Trustees and Officers The Iwstees and officers Serving during the year aiid since the year end were as ftsllows.. Truste¢s'. S A Wasim M Baig SMAAmjad Structurei governfjnce ond mA114g¢ment N4liire olaoveriiliis do¢iiiiieiii Snfar Academy Trust 18 2 ¢h3ritabl¢ organis)lion set up io adv&n¢¢ Isl&mic education alld r¢li¢f ptsvcrty. Appointmtsnt And retirement of IStee$ is in ac¢ordaJi¢¢ willi th¢ Twst D¢¢d. Th¢ overall man8g¢ti)¢i)l of fLiian¢¢ is the r¢sponsibility ofall Ihe Tru$iee4 ocling otl Ihe recommendationb of the Chairman, the Trea¥urer and the advice of Ilie adinini$lralorifin8n¢e perwn. Th¢ Trusl¢¢s fonn IIK ManaBcnieTrt Committee who m¢¢ts re8iilarly lo OVere tht running of the org4ni$ation ond mitigoiing risk. RecNiiruieJit oiid appiJliifflJteitrofrrii.fleés TrusleLS are rccruitcd with rL'sard to their skills, knowl¢dg¢ and ¢xp¢ri¢n¢¢ ncedcd for lh¢ ¢ff¢ctive Administration of the Charity. Trusices urG uppuintcd by IL rcsoliition of Ihc Tru51¢cs passed al a special mectins. Jndiicilon aiid imlnliig oftriislées Trusiees are fully briefed on their responsibilities prior to b¢in8 appoini¢d. ArvangeNieiilsfor5eftln8 kéy iiiuxugÉniÉiirpÉrsoiiitel reJNiiii¢rulloii The key managemenl personnel are tl)e Tru5tee$ who should not benefit financiully from iheir Trusteeship, unle55 agreed upon by ihe Trnsiee$. Or%uiilsalioiialslruc¢iire Tlit Trustec5 oversee the day to day rLmnin8 of the ch8riry. Major rlshs aitdmuNqgeNievr ofiliose rl$ks The tnisle¢s r¢vi¢w the mJjor risks to which the ¢harity is eXsed and ensur¢ Ih#t SyS¢¢ms exist lo niinimise the impact of any risks on ils future effectiveness. Tl)¢ major risks are ¢onsid¢red 10 be.. l. Diffi¢uliy in T¢cnJiting staff. 2. A fall in iiicoffte du¢ lo compelilors. 3. A risk to the Tepulation of the chRrity lettdiiig to a fall ili ineome. These risks ttre mili8aled by ensuring tl)e quality of l¢a¢liing and books are of a high level. Th¢ ¢h8Tity maintains a strong rnanagcmcnt tcam and monitors fccdback froin pupils and customers. Page 3
Safar AcAdemy Trust Trustees, Report Flnanclal Instrutnents Obj¢ciipes aiidpoli¢ie$ Tlic charity's a¢tiviti¢s ¢xpos¢ li to a number of financial Tigks. Tlie usc of finaiicial deriyativcs is govemed by the ¢haTity's policies approved by the board of trnstees. which provide prinLiple$ on the use of fIne1a1 d¢riv&lives lo th¢be ri5k5. Tlie charity does not iise derivative finaneial inslrumenls for speculative purposes. StAtement ol responslbllltles Tli¢ truste¢s 8r¢ r¢%pon%ible foT prepaTing the Trustees, Aniiual Report and tlie fiiiancial statements in accordance with spplicsble law and Utjiied Kingdom Accounting Siandards (United Kirtgdorn Generally Accepicd Accounting Prdctict). Tlie law applicable lo Charities in England & Woles r¢quir¢s t]1¢ trusi¢¢s lo prepAre finaiicial slalements for ellch rinaiieiol yeai. whieli give a true 2nd fair view ofih¢ $lal¢ oforraiTS orth¢ ¢liarily and of the inL'oming resources and pplicalion of r011rLt& uf the Lhority for tliut period. In preparing Ihese financial statements, the trnsiees are required io= seleei suitable accounting polici¢5 and th¢1) apply Ih¢ni COLisisi¢ntly; observ¢ tlie incihod$ uiid priliLipIL' in I1 Clidrilies SORP 2019 IFRS 1021., • mak¢jud8¢m¢ii15 and estimates thai are r¢asonablL and prudcnt. b slai¢ wheihLr applicablc acLounlin8 81andaTds I¥¢ be¢n followed. subjxt io any material depnttsr¢s disclosed and ¢xploiii¢d in ¢lie fifft8n¢iAI siai¢Ln¢nl5', p[cp8 tli¢ finan¢ial yiat¢m¥nis on the going concern basis unless it is inappropriate 10 presume that the chority will coiiiinue iii operation. The EnJ8iees ar¢ r¢sponsibl¢ for k¢¢ping proper aecounlin8 records that disclo¥e witli rea$onable &ccuracy at uny lime the flnancial position of the cliarity and ¢iiabl¢ IlJ¢m to ¢iisur¢ iho¢ tli¢ financial statements comply with tlie Charities Aci 2011, Ihc Charilic5 (Accounts and Rcports) Rcgul81ions 2008 and the provisions of the I81 deed. They are Also resptrnsible for %ifeguirding Ilie xs$clS of the ¢11orily and henee for Idking reasonable steps for the picvcntion &tLd d¢leclion or rT&ud 8nd other irre8ularities. Pag¢ 4
SAfar Academy Trust Trustees, Rtsport Di$¢lo$ure of iDformatlon to audltor Each trustec has t&ken steps thai Ihey ought 10 bave taken as a ttvsiee in order to make themselves aware of any releviint audit inforntiO1l aiid to establish thai tlie charity's aiiditor is avdre of Ihat infonnatiotJ. The trn8lees coThfirni thai there i$ no relevant iTrfomiolion th4t thty kntsw of and of whieh they know the duditor 15 unaware. Th¢ annual report WBS approved by the tnL$tees of the charity on.1g-..¢R.-.4. and signed on its behalf by.. S A Wasim Trustee Page 5
Sofar Academy Trust Independent Audltor's Report to the Trustees of Safar Aeademy Trust Opinion W¢ hav¢ audited the finanLi?1 518ten)eE)Is of Safar Academy T$t (the 'parent chartty'l and ir$ subsidiary (the 'gTOllP'I for tlie year ended 31 Augiisi 2025 ivhicli comprise the St&iemenl of Financial Activities. Balance Sheet, Cash Flow Siateinettt. and Noies lo the Financial Sralcmcnts. sn¢ludin8 signifi¢anl a¢¢ounring poli¢i¢s. Th¢ fin8n¢ial reportin8 framework Ihat ha8 be¢th opplied ill thcir prepuTation 15 applicable 18w and United Kingdom Accounling Stoiidards. ineluding Financial Reporting Siandard 102 Th¢ Financial Reportiiig Sthndard applicable in the UK and R¢piiblic of Treland Iuniled Kingdom Generally Ac¢¢pl¢d Accolili1)g Proctice}. In our opinion Ihc financial st8i¢ments'. give a true and fair view of Ihe $tAte of t]Je group's parent charity's aff2ir$ as 8131 AuBust 2025, and of tli¢ group's incorning reww¢es ond appli¢aiion of resources. Including its inc(xnt and expenditure, for the yeor th¢n elided.. + h•v¢ b¢¢i) pi'operly prepared in &e¢ord*ncc with Unitcd Kingdom Generally Aceep¢¢d Ac¢ouniing Pr8ctiC¢' al have been pr¢par¢d in occordan¢e with the reqiiirem¢iiits of Ihe Cl)arilies Act 2011. Ba$l$ for oplnlo We condiicted our tudil in accordance with International Standards on Auditiiig (UK) (ISA$ (UK)) and upplicable law. Our rcspon%ibilities under tliose $iandard8 8T¢ fiJTth¢'T d¢5¢rib¢d in the Audiior's r¢spoiisibilities foi. Ihe audit or the fjnaneial slai¢in¢iils seeiioii of our rcport. We ure in(Jcpcndcnl orth¢ 8TOILP and purcnt chorily iii accorddllce with the cihical rcquir¢n)¢nls that are relevgnt to our audil uf tlic fiiiuiicial slutcmenls in thc UK, including thc rRc's Lt]ii¢ol Siond8rd, and wc have fuifillcd oiir othcr etliical respon5ibililies in Gccordanco with Il)c$c requircmLni$. We bclicvc tliat the aiidil ¢viden¢e w¢ hav¢ obtained is siiffici¢nt appropriate to provide ts basis for OUT opiiiion. Concluslons reladni to 8olng etsttetrA In &udiiin8 thc finan¢i#l stat¢in¢nis, we have concluded that Ihe trustees, use of the 89in8 concern basis of a¢coiiiiiiiig iii Ilie prcpara(Ll)n vfthc financial slaleinents Is appropriate. Bas¢d on Ili¢ work we liave porformcd, wc liavc iiot idciitified Eny malcrial uncertainlie5 r¢lotii)g to events or conditions that. individually or coll¢¢iiv¢ly, may cust siwiifiertnt doubt on tlie group and pllrent Charity's abilily lo continuc as a goiiig concern for & period oral lea$t twelve montlis fvoin ivl)en ¢h¢ fiiiaii¢ial sia¢enieiils ar¢ auiliori$ed for issu¢. Our responsibilities and the respoiisibilities of the Irustees with respect to 80ins concern are described in the rel¢vant sections of this report. Other Inform4tlon Thc oihcr infonnation comprises the information included in the trustees annual report. other Ihan the fLnaThcial $tateiments #nd our auditOT'S report Ihereon. Tjie INsiee$ are responsÈbl¢ for Ihe other information ¢onioined wiihin the annual report. Our opinion on lh¢ financial Stslcjncnts docs not covcr thc othcr infonnation and, exccpt to th¢ exieni otherwise explicitly slated in oiir r4)orl. w¢ do not express any fotm of aSSUTaii¢¢ CO]USIon thereon. OUT r¢spDnsibiliry is 10 r¢8d the othcr infomiation and, in doing so, consider whether Iht other information Is mèterially iii¢on$istent with th¢ fii?&ii¢iol 5taittncnts or oiir knowledge obt&inBd in the course of the audit or otherwise oppears to be tnaterially ini5Staled. Ir we identify such material incollsisten¢ies or apparent maierial missiatemertts, we are required to derermine wheiELeT this gives rise io a material mis$tJtem¢nt in tli¢ financial siaiements thelnselves, If, based on die work we ljavc pcrfomid, wc ¢on¢lud¢ that Iheff is 4 maleriol nJisstalement of tliis other informalioii, we are required to pOrt that fa¢l. We have iiothing to r¢pori in this r¢sard. Matters on iYhl¢h we ar¢ requir¢d to report by exception Pxge 6
Safar Academy Tru$t Independent Alldilor'$ Report to the Trustees ofsafar Academy Trust We Iiave iioihing to report in re8pcct of tlie followin8 matters in rclation EO whicli the ChaTi¢ies (AccouThlS and Reports) Regulat10115 2008 require us to report to you if. in our opinion.. th¢ iiiformalion given in the financial slatEni¢nts 15 iiiconsi51ent in ally material respect with the InLslees' report. or 5uificient accounting rccoi'ds have not been kept; or the parent charity's finantial siaiei))enis are Dot in agreement with tl aecounting records and returns: or we have iiot received all the information and explanations we requir¢ for our audit. Responslb511ties of trustee% AS explained more fvlly in th¢ In]st¢¢s' r¢sponsibiliii¢s staiemeni, lh¢ ttvsiees air responsible foi. the prepAltkott or the finan¢i#l %lal¥meii15 and for bcii?g salisfied Iliat Iliey give 2 INe and fair view, aiid far such inlenial control as tl In]st¢cs d¢t¢nnine is necessary ro enable th¢ prepartttion of finoncial statements that are free from muteri61 niisstaletnenl, wlietljcr due lo fraud or error. It> pr¢paring the finartea81 SlAiement5. Ihe Iru5tees are responsible for os$esstn8 th¢ Broup and p&r¢ni ¢harity's ability lo coiiliiiile lls a 80iiig ¢oiic¢rn, dis¢lo$irig, as 4ppliLabl4 rnaller8 relateil lo going coiicem and 11sing (li¢ going ¢oneem basis of aceounling unless tlie In]sl¢es ¢iih¢r int¢nd 10 liquid81¢ the group or the pareni ¢h8rity or lo Cease op¢raiions, or have no rtalLSlic altcnjative but to do 50, Audltor rLisponslbllltles for th¢ lludlt of tli¢ fJn9nclg1 s¢otoments We l)avc b¢cn appointed ns auditor under section 151 of thL Charities Act 2011 and r¢por¢ in ac¢ordaiic¢ with Te8ulation$ niad¢ uiidcr s¢¢tioii 154 of that Aci. Our obje¢lives are to obtaii) reasonable assurance about whether the finsncial ¥tat¢m¢nts as p whole pr¢ fre¢ from malcrial missiatcmcnt, wh¢ih¢r du¢ io fraud or ¢Nor, and Io is8U¥ 8n gudiior's rei)ort tlmt includes our opinion. Rea$onshle as¥uruncc 15 a hi81i levcl of assurance, bLIt 15 not ll guarantee that an audti Londv¢¢¢d in 4¢(rdance wilh ISAS {UKI will always d¥iccI A nittteriul niissiateittertt whttl it ¢XL%lS. Mig%iatemenls con ari¥L. from fruud or crror and are considered malL'rial if, individiially OT in th¢ #Bgr¢Bai¢, Ili¢y could roas0118bly be expeLi¢d io influence the economic d¢¢isions ofuseis lak¢n on Ihe basis of thesL financial slalements. Irregularities, including fraud, fyre inslan¢¢5 of non-¢ompliance witli laws and regulations. We design procedures in linc iyith our r¢sponsibilitlCs, ouilincd abovc. to delccl maierial misslAiemenl$ in respe¢t of irreguldriiies, including fraud. The extent lo wliich our procedures re ¢Aptsbl¢ ofdete¢ting irregularitie%. inLludin8 fraud 15 delailed below.. We havc identified areas of laws #lid r¢8ulatioii$ th&1 ¢ould reasonably be expected lo have d niatorial otreei on the finxn¢i81 sthiemenis from our ge]i¢r&l eomihercill experienLe. kiiuwledge of tlie secior, a review of r¢8ulatory le8uI conEspond¢i)¢¢ and ilirough discussiotts wtli Directors and oihcr m&na8cnicnl obtaincd os part of thc work r¢quir¢d by auditing standords. W¢ h)v¢ also discuss¢d wÈth ilie Directors ond other inan8gern¢nl thc policies and proc¢durc5 rclaling lo coinplionce wilh laws and regl(ln5. We communiLaied law$ and regiilaiions Ihrouglioui tlie teim and remained #lert to any indiealions of tson-complianee ihrou8houi the Trudit. The polejilial impacl of dirrereni and regulalioiis varies considerably. FiTSIIy the coinpany is subjcct to laws and itgulations that directly inlpact the financial $tat¢meiits (for ¢xampl¢ financial reporting legislation) And ive have assessed tlie extent of compliancc with such laws a5 part of our financial slntements audit. We evllliiated nwiia8emen($ in¢¢nlives and opportunities for fr¥udul¢nt rnanipulation of thE financial statements lincludijig risk of OV¢]Tide of conlrolsl and delemiined that the principal ri¥kb' were reldted to management biAS in a¢eOUtttittg esiiJ)illies aiid jLid8emenlal areas of the fittaThcial slat¢ments such as depre¢ialion of fixed asset5, as well a5 the risk of inappropriatejoumdl entries to sn¢reas¢ reportcd profitability. Audit proccdurcs pcrfornicd by the cngagcrncnt tcAni incliided the identification and l¢sling ofmat¢rial And unusual journal enlTies a[ clialleiiging m&n8geLnent on key accounting esiifflales, assumption5 and judgcmcnts niade in ihe prepiraiion of the finan¢ial staiemenis. We Carried out detgiled sub5tsnlive tests on accounting estimates, including reviewing th¢ m¢lhods used by Inanag¢i]Jent to make those esiimdtes, re-performing ¢he Calculation. and reviewing thc outeome of prior year estimat¢s. Page 7
Sllfar Academy Trust Illdependent Auditor's Report to the Trustees of Safar Academy Trust Secondly, the company is subjeci io otl)er laws and regulaiioThs where the ¢oDsequ¢iice for iioii-compliaiice could li&ve a terial effect on tli¢ amounts or dis¢losur¢s in th¢ financial statements. We ideniified tlie following fjrea5 a5 Ihose most likely 10 have sucli an effect.. Health and Safely regulations aiid Employin¢Ji 18w$. Audiling standard$ limit the rtquircd audit pro¢¢dur¢s 10 id¢niify non¥eomplian¢e with these laws and rcgulalion5 to EtLqUiry Df tlie Directors and other managemcnl inspeclion. Tlirougli iliese procediires, if we beeame 8wore of any noii-¢oinplian¢c, we considered Ihc impact on the proCedUS perfonned on the rclated finaiicial Statement items. Because of Ihc illlierenl limitations of an audit, Iher¢ is a risk thai we 17 not detect all irrtBularities. i1i¢luding those leading 10 a rnaterial misstatement in tlie financial siatement5 or non-compliai)cc with rc8ulation. Tliis risk in¢r¢as¢s Ibe more Ihat compliance willi a law or r¢gulatiort LS removed from the events and tran8aaions reflected in tli¢ finaiieial stateinenls, as we will b¢ l¢ss likely 10 b¢¢oine awor¢ of inst&n¢&8 of non-Lomplianc¢. Th¢ li%k is 750 raier Irgarding irregularities oceurring duc lo hud rath¢r IhaD cOr, 85 froud involves intenlional ¢on¢¢alment, for8ery, colliisioii, omission or mIspT¢S¢nIU110n. As part of an audit in aceordante with ISAS (UKI, wé exereise profcssi0iJal jud8emciii and maintain prof¢ystonal sccpticism IhrouBhout (he audit. W¢ also: Idenlify 8nd 8s8¢5s ihe risks of material rnLS51atement tsf tlie financial 51alements, wlidher diTe to fraud or error, dest8n SLnd perforni audit pro¢cdur¢s responsive to Ihose risks, and obiain audii evidence ihat is sufficient und approprittl¢ lo provide a basis for oiir opiiiion. Tli¢ risk of not d¢i¢cling a mal¢rial mis$lalcmcni resuliing from fraud is higher Ihan for one r¢suliing froin ¢rror, as frnud may involve collusion, for8ery, intentional onJis$jons, MI¢presentatIOns, or Ilie ovcrridc uf IntL1&1 control. Obiain an und¢rstaiiding of intemal control relevant to the audit in order to desiy) audii pro¢eduT¢S th•¢ are oppropriole in the ciKumstanc¢s, but noi for th¢ purpose of txpr¢gsing an opinion on the efFeclivene59 of the 8roup'3 Lvaluai¢ the Appropriaiviic5s of uccountin8 poli¢ie5 u¥ed and the 450ndbleCs5 of aOunting ¢slim?l¢s ond relatcd disclo8ur¢s Inad¢ by th¢ tru%lccs. Concludc on tlic 8ppropi'iatcii&%s of the tnL%tees' us¢ of the goin8 con¢¢rn bosis of coUntIng and. b•sed on t]ie oudit ¢vidrnc¢ obtained, whether a Iiiateri81 uncertainty exi%1$ reloled tu events ur condition5 that may c85t %i8nifLC2nt doubt on lh¢ 8roup's or cliority's ability to coniinue as a goin8 eoncern. If we eonclude tliat a maieriul uncert&Lrtty exist$, we are required to draw att¢niion in our auditor's report lo th¢ related dis¢loyuTCS III th¢ financial siat¢iii¢nis or, if such di5c105urcs are inadeqiiale. io modify our opiiiion. Our conclusions dr¢ b#s¢d on the audit evid¢ii¢¢ obiaiiied up to the dai¢ cf our auditor'5 report. Howcver, futurc evcJit5 or conditions moy cause the 8roup or pareni charity lo cca5e lo conlinue lls a going cot)cern. Evoluate the OV¢T&II Psetion, stnjcture ond conieiit of the fJnAiiei81 statements, including the di8clo8ures, ai?d whether the financial statemenis T¢pres¢nt Ihe underlying tran$action$ and events in a manner that a¢hiev¢$ fgir pre5enlation lie. gives a Irue and fair vi¢w>. Obtairt sufficicnt appropriatc audit cvidcncc reg&rding the fjnancial infornigtion of the entities or business attliviiies within th¢ group to ¢xpr¢ss )n opinioii on ilie consolidal¢d flnancial slatcrneiit5. W¢ are r¢5ponsible for ihe direclion, supcrvjsion aiid pcrforni3iice of ihe group audit. We ren1n solely responsible foj. our audit OPIIIIOII. We eommunicat¢ with ihose charged with governance regardin8, Amon8 other matters, the planned 0p¢ al timing of the audit and signifi¢ant audit firtding$, includiajg ATLY sigllificAnt deficicncie5 in intcrnal control Ilmt we identify durin8 our audit. Use of our roport Page 8
Safxr Acxderny Trust Independent Auditor's Report to the Trustees of Safar Academy Trust This report is made solely io tlie ¢liarity'S tyustees. as a body, in accordan¢e with Part 4 of tlie C11.1tieS IA¢¢ouhti and Reports) Regulations 2008. Our audit work lims beert undertaken 50 that we might state 10 th¢ Charity's tru%tee5 those rn&tlers we are required lo $181¢ lo tli¢m in an Aiidiior's report 2nd for no oili¢r purpo$¢. To tli¢ fullest ¢Kleni pwmitt¢d by law, we do not accept or a%8ume r¢5pon5ibility to anyone oiher than Ihc charity und thc charity'5 trustees as a body. for our audit work. for this report, or for Ihe opinions we have formed. Dunc&n &-I'oplis Al1t Liinited 3 Castle8ate Graiiiham NG3165F DAIe.' Duii¢aii & Toplls Aiidli Lliiiliedls ellgible to aci ths ali tsiidlioi, lit iei'iii$ ofseerlt)ii J2J2 ofihe CoiKpftiile$ Aci 2006. Pa8e 9
Safar Academy Trust Consolidated Statement of Financial A¢tiYities for the Year Ended 31 August 2025 Unre$trl¢ted funds Total 2025 Note Ineome ttnd Ci ndoivments from: Dortalions and le8aeie$ ChaTilable aLtivilies Other trading a¢tivkti¢s 48.496 498,938 975,563 48.496 498.938 975,563 Total income 1,522,997 1,522,997 Expendlturo on: Rai$itJg fvnds Charitable activitL¢5 Oiher expgndiwre 1436,4621 1896,1291 160,2671 1436,462) (896,129) 160,267) Total ¢xp¢ndiNre Net iiieoni¢ ,392,8581 11392,858) 130,139 130,139 Net niovement in ftJnd5 130,139 130,139 Re¢on¢lllallfjn of funds TotAI fuiids brought forward 85,199 215,338 85,199 Total fvnds calried forward 17 215,338 The nolcs on pages 16 10 31 forn) an integral part of thes¢ financial ateMents. Page 10
Safar Acgdemy Trust Consolidated Statement of Financial Activities for the Year Ended 31 August 2025 Unrestrlcted rund$ TotHI 2024 Note Income ind Endowmtnts from.. Donations &iid legacies Ch8rilable aclivilies Other trading activitie5 101,337 489,241 913.799 101,337 489,241 913.799 Total incom¢ 1,5fr1,377 1.504 377 Expenditure on: Raising funds Charitable aeiiviliES Other expenditure Total expcjiditure (501,529) (918,961) 63.031 1501,529) 1918,961) 63.031 1,483,521 {1,483,521 Ner iiieome 20,856 20,856 Net movemeni in funds 20,856 20,856 Re¢onclllatlon of funds Total funds brou8hi forward Total funds edrried forward 64,343 85.199 64,343 17 85,199 All of the group's activitics d¢rive from conrinuing operatiotts durirt8 Ilie above two periods. The fund5 br¢akdoivn for is showii iii Ihc nolc$ 17. The notes on pages 16 to 31 fontt an integral part of these financial statemellts. Pa8e 11
Safar Academy Trust (Reglstration number: ) Consolldated BolAnce Sheet as at 31 August 2025 2025 2024 Note Flxed issels Tangible asselg 10 9,668 8,370 Curr¢nt assets Stocks Debtors C8511 at bank and in Iiand 12 175,370 71,409 339.595 1 $9,730 42,886 14 586,374 406,727 Credltors: Amount¥ Islllng du¢ vlthln onc year Net ¢urrent Assets 15 1380,704 329,8981 205.670 76,829 Net a$s¢ti 215,338 85,199 Futlds of the gromp: Unrestrleted Income funds Unrc8tri¢t¢d fi]nds 215.338 215,338 85,199 85,199 Totsl fvnds 17 The fin2ncig151atements on pa8es 10 to 31 were approved by the trustees, and luihorised ftsr issue on and si8n¢d gn their behalf hy.. S A Wa5im Trllslee The notes on pages 16 to 31 fonn an integral part of these financial slatanents. P88e 12
SAfAr AcAdemy Trust (Registration number: ) Balance Sheet as at 31 August 2025 2025 2024 Note Flxed assets Tangible assets Inv¢slrn¢nts 10 3,113 100 5.081 100 3.213 Current 9$5¢ts DebioT5 Cash at b4iik and in hwid 13 14 236,339 207,860 263,063 84.347 444,199 {181,9291 347,410 CTedltors.' Amounls falllng wlthln ono yo4r Net eurrent assets 15 177,414) 262,270 269,996 Net assets 265,483 275,177 Funds of the charlty: Unr¢strl¢t¢d Income fund5 Ut)restri¢ied ndS 265.483 275,177 Total fvnd5 17 265,483 275 177 The financi#l sraiements on pages 10 10 31 were approved by the tnSStee$, and authorised for issue on .%?.-..().•. ond Signed on their behalf by.. S A Wasim Trustee Thc notes on pages 16 10 3 1 form an integral part of these fi1)¢101 stattments. Page 13
Saf#T A¢ad¢my Trust Con$olidated Statement of Cash Floivs for the Year Ended 31 August 2025 2025 2024 Noto Cash flow5 from operatlng actlvlttes N¢t ¢osh income 130,139 20.856 Adlustm¢nts to cash flows from non-¢a$h Itcms Deprecia¢ion 3,378 2,821 133,517 23,677 Worklng CApltal adjustments Iiwrease in stocks (Increas¢lld¢¢r¢as¢ in debiors Increaselldeereasel in creditors 12 13 13 (15,640) (28,523) 50,806 {52.529) 18,782 2,286 Net cash flows from op¢rnting aeiivities Co5h nows from Investlng a¢tlYltie9 PurLhasL uf tansiiblc fixcd assets Nel irtcreas¢l{deGrea¥el in cash and cash cquiv4l¢n15 Cash and cash ¢quivhlenis ai I September Cash and cllsh ¢quivgl¢nls at 31 Augu81 140,160 112,350) 10 (4,676 11,667 13S,484 114,123) 218,334 204,111 339.S95 All of the ¢Ash flows are derived from conlinuin8 Dperations durin8 the abov¢ tsvo periods. The notes on pag¢8 16 10 31 fom) an integral part of these financial 8iaiement5. Page 14
Safar Academy Trust Statement of Cash Flows for the Year Ended 31 August 2025 2025 2024 Note Caih ll¢)w$ from operfitlng actlvltles Net cush (expeThditureyin¢on {9.6941 81.899 Adju5trnents to eish tIoiYg from non4ash Items Depreciation 1.968 17.7261 83.867 Worklng cApltal AdJu5trnent Decre&s¢1lincast) in debiors Increase in credilorB 13 15 26,724 104,515 1131,145) 27,561 Nei cash flows from opeTalii)8 activities Net in¢r¢4s¢llde¢rease} in c8sh and CH511 eguivalenls Cash and cosli ¢quivalents at I September Cash and casli ¢quiv&l¢nts 4131 Augu$¢ 123 513 123,513 119,717) 84.347 104,064 207,860 84,347 All of the cash flows are derived from coiitinuing operations diiring th¢ above two peTiod$. The notes on pages 16 10 31 forni an integral part of these financi&l 3latemeTht$. Pag¢ IS
Safar Academy Trust Notes to the Financial Statements for the Year Ended 31 August 2025 l Aeeountlng polleies Sutymllry ol$ignifi¢ant accounting policies key accountlllg estimates Th¢ prii)¢ipal &c¢ouniing policies applied in the pirpar&tion of these financial $18tem¢nts arc set out below. Thesc poli¢i¢s liav¢ b¢¢n ¢onsisten(ly applied 10 all years prcscllt, unless othcTwise 5t8ted. Stltement of eompliAnce The finaiicial sLit¢menls hav¢ be¢n PT¢pdred iii accordanLe willi Accoiinting and RepL>rting by Charities.. Slatemetrt of Reeomfft¢iided Practic¥ (applicablc lo cliarities preparing tlieir accounts in accordance with the fiiiancial Reponing Slandard applicable in the UK and Republic of Ireland IFRS 10211 (issued irt O¢iob¢r 2019)- Icliaritits SORP IfRS IU2)), the finaiicial keponiiig Siaiidard appli¢Able in th¢ UK and Republi¢ of Irclaiid IFRS 102). TI)¢ ehnrity consiinjies a public benefit trttity as dcfincd by FRSIQ2. B4$1$ ofpreparAtlon SafAr Acad¢my Tjust meeis thc definition of a public benefit eAtity under FRS 102. Assets and liabilities are initiolly recogni.%ed at liistoric81 co$1 or Iraiisa¢iion valiie uiiless otlierwise siat¢d in Qie Televanl Oectsuilting policy noles. Safar Aeldemy Tru$1 is an unincorporai¢d ¢hariry based in England, Unil¢d Kingdom and which op¢r8t¢s from its priiicipol oifi¢¢. The aecounts arc pr¢pared in ihe groups functional currency of British Pounds (£1 And rouiided to the iieares( £1. Basls of consolldillon The consolidated finuncial statements ¢ons01idate the financial slaiements of the ¢harity ond its subsidi&ry undortaking drawn up to 31 Au1$1 2025. No sial¢inent or riiiaiicial a¢livili¢s 18 prnted for lh¢ par¢nt charity fjs pemiiited. The parent charity tnadc a IDS5 for the fiLi&iici&I ycar of £9,69412024- profjt £81,899). Page 16
SafAr Academy Trust Notes to the Flnaneial Statements for the Year Ended 31 August 2025 A subsidiary i5 an entity controlled by the charity. Control is achieved where the cliarity has the ]x>wer lo govern ilie finaiicial and operating poli¢ies of an eiitity so as 10 obtain benefits from its getivities. The results of sub$idiaries qllIr¢d or disposa of during the year ore ill¢lud¢d in th¢ slalem¢nl of finan¢ig1 actlVLties frosn the effcclivc dale of acquisition OT UP to the effective dal¢ of disposal, a5 appropriate. Where ne¢essary. adjiistmenls 8re made lo the finaijcial slnlemeijls of subsidiaries lo briiig Ilieir iccouniing policies >nto line with tliD5e used by the group. The purcliase metliod of accouiillns is used to accouni for business combination$ that result in ilic acqui$irion of subsidiaries by the group. The Cost of a business combinAtion is measured a5 the fair value of the asse15 given. ¢qiii¢y ijstniinenls issu¢d and liabilitie$ ineuTTed (>r a$siim¢d a¢ ilie d&1¥ of ex¢haiige, plu% ¢o%l.% diTecily aiiribuiabl¢ to the busiiiess ¢onibination. Ideniifiabl¢ as$eis acquired and liabilitles Bnd conlingenl liabilitl¢S 055um¢d in a bu&iii¢ss Lombina¢ion aTe In¢asiired iiiilially al their fair vulues ai ihe acqiiisilion dale, Any excess of Ilie L051 of thc business combintiion over the acquirer's interest in tlie nei fair value of the idenlifibble asseis, li8bililies aiid contingent liÈbililies rocognised 18 recorded as g¢)odwill. tnter-company trdnsactions, balanws and unr¢alis¢d gains Dn tr4m$8¢tions b¢hv¢¢n the ¢hority 8nd its subsidiaries, which are r¢laied parii¢B, ar¥ elimiiiuled iii full, Intra-grovp losses ore also eliminated but may it)dical¢ an impairment Ihal requires recognition in tlie consolidat¢d fiiydiiCiLI Étatemtnls. Accounling policies of subBidiarie$ l)ave been chan8ed where necessary to ensure conststency with the policies adopted by th¢ group. Non0(rollIng Éniero%is in Ihe Th¢t aS%èL8 ofconsoliduied 5ub$idiari¢s aro idLntifLed %eparat¢ly from the group's equity Ili¢r¢in. Nort.conlrolling inl¢rtsls coiisi8t of the amount ofihose inl¢tc%ls al Ihc dal¢ of tl)¢ orL8tnal businc55 combiii&lLOti and the non-¢ontrolling sliarchold¢r's sh&r¢ of chanB¢3 in ¢quily sin¢¢ Ili¢ dat¢ of the onibinatiun. Totol Lotnprehensive incoine is attributed to non-controlling iiiterests even if this results in d)e non-crJntrollin8 iniere81s h2ving a deficit b81¥nce. Golng concern Thc finAncial slalcrncnl5 havc bccn Prcparcd oi) a 80in8 coiiccrn basis, as thc IrL]Stccs con8id¢r Ihat Ihcrc arc no m4l¢riJl un¢ert8inties about the group's ability to ¢oiilinue as A going concern nor any significant areas of unccrtllinty Iliat HffeLI Ihe caTryinE value uf asseis held hy Ihe group. The group made a profil in 2025 and 2024 and sirhce tlie year end the group hag conlinLied lo makiii8 a profit and expect lo eonlinue to do so into tlie foreseeable tt)r¢. A¢¢ordingly the fin8ncio1 statements have beeft prepared Oft a going cott¢ern basis. Incom¢ and endowml'nts All ineoni¢ is recognised ¢)rte¢ the cliarity h#$ ¢ntitl¢ment tts the income. i( is prolmble ththt tlie income will be received and tlie aniount of tli¢ in¢om¢ r¢ttivabl¢ ¢an be measured reliobly. Doiiailoiis lliidlegttcles Donations aTC rccogni5cd wli¢n thc charity l)as bccn nolificd in writing of boili the amount and sctilcmcnl dale. lil Ihe ¢v¢nt that a doiialion is subj¢¢t io Conditions that require a level of p¢iforman¢¢ by Ilie charity before tlie charity l5 cntitlcd to tlic funds. the incotne is deferred and not recognised utjiil eiiher Ih05e conditions are fully or the fuifilmelll of Ih05e conditions is wholly wilhin ihe control ofihe charity and it is probable Ih8t these eollditlOll5 will be fvifilled in Ihe reponing period. Pttge 17
Safar Academy Trust Notes to the Flnantial Statements for the Year Ended 31 August 2025 chuntble r7CtEvi¢ies Clhii'itable in¢om¢ atises frotn tuition fees and is recogni5ed when tuition has taken place and the eharity is entitled lo tlie incom¢. Otller income The $ub$idÈary income arises from ihe sal¢ of books ond is r¢¢ognis¢d once the books aTC di5palched to tlie customer. Expendlture All expcndittJr¢ is recognised once therE 15 a Icgol or ¢onstru¢live obligolion to that expenditure, li is probablo settlemejil 15 required and tlie amount b¥ meaSUd Teliubly. All costs are allocated lo the applicablc cxpcnditur¢ h¢adin8 Iliai aggregate $imilaT costs to Ih8t celegory. Where costs cannot be directly allributed to particular helldings they have been allated on a basis Consistent witli Ihe iise of resources. wii11 central siaff costs allo¢ai¢d on tlie basi% of lim¢ 5peiit, and depreciation chaT8es allocated on ihe portion of tlie asset's usè. Other support costs gre allocated based on lh¢ sprctsd of Sldff costs. Rrtlslngfiiitds These are costs incurred in altraeÉin8 voluntary income. the mHI)ft8ement of investments and ihose irt¢urrcd in Irnding ucliviiics ihat rdise nds. Ch¢rllabl¢ ¢¢llvliles Ch&ritublL cxp¢ndityr¢ ¢ompri$eg those costs inCUd by the charity in the delivery of ils aciiviiies And $ervic¢s for Els bencficiaricy. It iiielud¢$ bolli costs that ¢#n be allocaied dirtttly to such activities #Thd those c051s ol'an indire¢l nature iiec¢$%ary to 5UPPOrt them. Support eo$t$ Support Cosls include eentral fi]nciions und hav¢ b¢¢n 8110¢8t¢d to 8c¢iviry ¢osI categories on $ basis eon51$tent with the iise of resources, for cxhinple. alloc#tiiig properly cest5 by floor areas, or per capi18, sl8ff ¢osls by Ilie tiine spent and othcr co815 by their usa8e. Govern4Ce costs These include the costs attributsble 10 the Charity's compliance with con$iitution81 and statOry requirements, iiicliidi11g audit. strale8ic rnanagem¢iJi and Irust¢¢s m¢¢iing5 and icimbuiscd cxpc]15e5. Covernment grants Grants are reco8nised in ihe p¢riod lo wlii¢h they T¢laie. Tanglble fixed assets Individual fixed a$seis are inilially recorded at cost. les5 any subscqucnt a¢cumu18¢ed depte¢iation and subsequent accumuloied impairnenl lo$s¢s. Page18
Safar Academy Trus Notes to the Financlal Statements for the Year Ended 31 August 2025 Depreciatlon and amortisatlon D¢pie¢iaiion is provided on tangible flxed assets 50 8S to writt off the cost or valuation, less any estirnated residual value, over their expected usefvl econon)ic life as follows.. Aiset clAss Fixtyr¢$, fittings and equipmeiit l)epreelitlon method and rY4te 200/0 Straight line nicihod R¢s¢Ar¢h And development Research artd development expenditure is WTitten off iii th¢ profil and loss account as inairred. Buslnoss comblniions Busittcss combi1181ions Are Aecounted for under the purchas¢ method. Wli¢r¢ ncc¢ssory, Adjuslrnenls ar¢ n)odc 10 the financial siai¢inenis of subsidinries 10 brinB the uccounliiig pulicies 118ed iiilo line with Ilio%e iised by the charity. All inira.8TOUP transaetioiis. bnlan¢¢s, inwme and expenses are clitninai¢d vn Lonsolidation. In accordunce widi Section 35 of FRS 102, 8cLliun 19 of FRS 102 1)as noi becn Hpplied in Iliese finllncial slatcments in respect of business combi118tioiis ¢ff¢¢led Prior lo the dal# of ir&ii¥ili¢)n. Sto¢k Sto¢k is volued 81 tli¢ low¢r ofco%i aiid ¢Siirnulcd .cllin¥ price Icss costs 10 ¢on)pleie and sell. ofter d)Je re8ard for ob501ctc and slow moving stocks. Cosi 15 dctemiintd using thc fjrst-in. fil-Ut IFIFOI. Tride debtors Trod¢ debtvrs and other debtor.E nr¢ meosuTed 41 cos1,1¢55 provision for impaimient. A provision for th¢ impBirment of debtors is esi&blishcd wlicn Ihcrc 15 objective evidEiice Iliai Ihe group will nol be llble to cnlleel all amounts due Accordin8 10 the originol tern of Ihe receivables. Cash ond ¢a8h equlvalents Casli ond cash ¢quival¢n¢s comprise ¢4sh on hAnd And ¢all deposiis. and other sllort-ttrtn liiglily liquid invesiment that ore readily convertible lo a kno1 8mouiit of¢asli and are subj¢¢l IO insi¥nificant risk of chane in value. Trade credltors Tradc crcditor5 and otSi¢r creditors are obligution$ to p¥y for goods or services. A¢¢ounis p&yable are classified as current liRbilities if the group does not have on unconditional light, al the end of the reporting period, to defer s¢tllemeiit of ili¢ ¢rediior ftsr ai least twelve monihs afl¢T Ihc rcportlll8 dalc. If tlierc is an unconditional right lo defer seiil¢m¢ni for at least hvelve monihs aftei th¢ Icporting d41¢, they ar¢ presented as non-currcnt liabilitlC5. Trade crcditor5 and oihcr ercdiloT5 ure recognised Rl cost. Fund structure Unrestricted incorti¢ funds ore general fvnds that tyre available for us¢ at the Inisiee$ dis¢Telion in furth¢rnc¢ oftlie objcctivt5 of thc Chity- Page 19
Safar Academy Trust Notes to the Flnanefial Statement$ for the Year Ended 31 August 2025 PeN$lons alld Dlber p05t retireni¢nt obligations Tlie chartty operates a defined ¢ontribution pension s¢h¢m¢ which is a p¢nsion plan under which fixed ¢ortlribulion5 are paid In a pension fund and Ihe cliarity ha5 no legal or con81n)clive obli8ation to pay furtli¢r coniribulions ¢ven if thc fi]nd docs not hold sufficient ass¢is to pay all ernployees the benefit5 relating to employee service th¢ current and prior periods. ContribiitlDns to defjned contrtbution plans are r¢¢ognised IYJ tli¢ Statement of Finarteial Aetivities when they are due. IfeoniTibution payiieiits eKceed tlie contribution due for service, the exce8s is rccogniscd as g prcpaynicnt. FlnAnelo1 In$truments Classificalioii Financial assets aiid fin811¢i9l liabili¢ies are recolised when the chari¢y beconies a pnrty to ihe eoniractiial provision% ofihe inslNni¢Jit. Trinan¢ial liabilities and equity insttwmenis ore classitSed according ¢0 Ilie subsianee of the Conlractual llrrartgetnenls enter¢d iiito. An eqiiity iiistrument is any conlraci that evidences a residual inLLr¢si iii ih¢ ass¢t$ of ih¢ ¢horily aft¢r Reco¥NliloN tTiidiiieaxureiNÉii¢ All financial Jsscl$ and li&bililics are iiiilially Incasurcd ot Ir&nsaciion price lincludin8 transoetiun costs), execpl for those financial llsscts clus5ificd as 31 fair VAlue Ihrougli profit or loss. whieh are initially measured at fair value Iivliicli is normally the Iran%ucliun priLe excludin8 ITuii$action costs), 11111¢5s Ihe arraTig¢meni ¢onsiiluies a fittan¢in¥ tyonsa¢tion. If An arrangernenl con51ilUlO% a financin8 trun8aclion, the finan¢ial as8¢1 or fiThan¢i81 li8bilily is me8sur¢d at Ilic prcsenl valu¢ ofih¢ fiilure payiii¢nls dis¢ounlcd ai A mwrkct ralc of intcrc5t for a similar dcbt instn]rncnt. Fixancial assets and liabilities are ¢)nly offset in the statemertt of finaneill posiiion when. and only when there exists le8ally eiiferteable riBhi lo set off ilie recognt¥ed an)ounts and die charity intends eiiher to seitle ort A net basis, or to realisc tjie a55el and settle the liabiliiy $imulianeouyly. Fin8ncio1 assets ar¢ dere¢ognised when and only when al thc Gonlrgctual ri8hts to Ihc cash tlows from thc fjnaneial asset ¢xpir¢ or are settled. bl the charity transfers 10 anoih¢r party siibslanli4lly all of the risk8 and rewards of ownership of the finaiicial a55Ct, or cl thc charity, dcspilc haviiig rctain¢d some, bul not all, significant risks and rewllrd.s of OlerShip, has traiisferred control of the asset to artotlier party. Financial liabilities are dereco8ni5ed only when th¢ oblisation specified in the Contract is dis¢h8rge4, ean¢¢lled or expires. JIivL¥ffllleltt$ Inve¥tm¢nts in subsidiaries and associates are measured at cost less impaimi¢nt. Pag¢ 20
Safar Academy Trust Notes to the Flnanel&l Statements for the Year Ended 31 Augvst 2025 2 Income from donAtion$ And leg#cie5 Unre5trlcted Total futhd$ Generol Dondiion5 and legacies. 48,496 Totnl for 2025 48,496 48,496 'rotal for 2024 101337 101,337 3 Jneorne frorn ehArltablc ctlvllle5 Unr¢gtrl¢ted funds CJenerl Totsl 2025 Tuition f¢¢s 498,938 498,938 Unr¢strl¢l¢d funds Ceneral Tot41 2024 Tuition fees 489,241 489.241 4 Tn¢om¢ from other trAdlng Atilvltles Urtrestrlettd funds G¢ner41 TotAI 2025 TotAI 2024 Sal¢ of hooks App income 946,829 28,734 946,829 28,734 895.045 18,754 975.563 975.563 913,799 Page21
Safar Academy Trust P4otes to the Finonclal Statements for the Ye94r Ended 31 August 2025 S Expenditure on To151ng funds Al CoJt$ of tradlng 4¢tlvltle$ Unrestrleted lund$ Gtnerul TotAI fund$ Notc Costs of goods sold 436,462 436,462 TotAI for 2025 436,462 436,462 TotAI for 2024 501529 501529 Page 22
SAfar Academy Trust Notes to the Flnaneial Statement$ for the Year Ended 31 August 2025 6 ExpendltUTe on chY4rlt*ble actlvltles Unrestrlcted funds General Total 2025 Noto Siaff costs Allocated siipport tosts (see below) 684,467 211,662 684,467 211.662 896,129 896,129 UnTestrl¢ted funds General TotAI 2024 Note Stllff eosis Allocal¢d SLlPPOrt costs (see beloiv) 711.166 207.795 711.166 207.795 918 961 918 961 Support Costs 2025 2024 kent p8y&ble Compulcr. IT and Ilevelopmenl cosls Con5ult4n¢y 83,748 4,758 123.156 78,485 7,159 121,602 207 246 211662 7 Other ¢xp¢ndlture Unre¥trl¢ted TDts1 2025 Gènergl Note Audit fees Audit of the finaiicial statement5 Other fees paid to auditors Dcprecialion, amortisation and other similar costs Otliei iesouices expended 10,450 3,727 3.378 42.712 10.450 3,727 3,378 42,712 60,267 60,267 Pttge 23
Safar Academy Trust Notes to the Flnaneial Statements for the Year Ended 31 August 2025 Unr¢5tri¢t¢d funds Total Gener#l 2024 Audit Fees Audit ofihe financial statements 9,900 19,010 1.968 32.153 63,031 Oilier fees paid to auditors DepreciatioÉJ. amortisation and other Similar cos Oilier resoiir¢¢s expended 19,QlO 1,968 32,153 63,031 8 Tru$tees remun¢r4don and expenses Duriny the year ¢h¢ group m4de the followiiig transactions with ¢ruste¢s'. S A W#51m S A W&$im received remuneraiiort of£59.92812024.. £59,928) during tlie yeaT. SMAAmJad S M A Amjad received renlunerotiott of £S0,00012024.. £50.0001 durin8 the ye8r. No ttwslccs huve received fjrty r¢iinbursed expenses or any oiher benLfJt$ from the ¢harity during th¢ year. 9 StAff ¢ost$ The )g8r¢gate payroll ctssis were as follow&'. 2025 2024 St#ff cost5 durlng the ye4r were: Wages and salaries So¢iol s¢¢urily ¢osl$ Pcnsion cosls 648.152 29,775 6,540 684 467 667,004 37,006 7,156 711,166 Pagc 24
Safar Academy Trust Note8 to the Financial StAt¢ments for the Year Ended 31 August 2025 The monthly average number of persons (including senior managcmeni I leadetship team) employed by th¢ group during Ihv year ¢xpressed 88 full lime equival¢n15 Iva5 as follows.. 2025 No 2024 No Administration T¢a¢hing staff 20 81 24 71 101 95 No cniployee received emolum¢nlS ofmore 1118n £60,000 duriiig the year. The number of einployees whos¥ ¢rnolumcnls fell within the following bands w85.. 2025 No 2024 r40 £60.001- £70,000 Page 25
Safar Academy Trust Notes to the Finaneial Stotements for the Year Ended 31 August 2025 10 Tanglble tlxed asset$ Croup Furniture and equlpmenl Total Cos¢ At I September 2024 Additions 36.S20 4.676 36.520 Al 31 Alils1 2025 D¢precl8tloTr Ai I Sepith)ber 2024 Chttrge for the year 41,196 41,196 28,150 28.150 3,378 At 31 Au8u$I 2025 Net book value 31,528 At 31 Au8usI 2025 At 31 Au8us12024 9,668 9.668 8,370 8,370 ChArl¢y Furnlture And equipmeiit TotAI Co$t Al I Sepieiiiber 2024 31,809 Ai 31 August 2025 31.809 Dopreelatlon At I Scplcmb¢r 2024 ChArge for the year 26,728 1,968 26,728 1.968 Ai 31 August 2025 Net b(bok value 28,696 28,696 At 31 August 2025 At 31 Au8ugi 2024 3.113 3,113 5,081 5,081 Page 26
SafAr Aeademy Trust Notes to the Financial Statements for the Year Ended 31 August 2025 11 Fixed asset Inve$lm¢nts Charlty Shires in group undertaklngs and PArtl¢lp#ting inter¢5t$ SubsldSAry undertaklngs Totftl Cost At I Septeinber 2024 100 100 At 31 August 2025 Net book VAlue 100 100 At 31 Au8usI 2025 Ai 31 Augus12024 100 100 100 100 Detall$ of undert#klngg D¢lai13 of the iiivesiments in whieh the cliarily Iiolds 20Y• or niore of lh¢ nominal vlllu¢ of any closs of 8h8r¢ Capitsl are as follows.. Country of IneorporAtlon Undortgklng Proportlon of wotlng rlghts Prlnclp*l Ind shgres held actlvlty Holdlft8 2025 2024 subdIary llndert2kln8S Safir Publicalions Lin)iied En8land Ordinary sliares IOOVg IOOV4 Sale of books 12 Stock Group Charlty 2025 2024 2025 2024 Stocks 175,370 159,730 Pagc 27
SAfAr Academy Trust Notes to the Flnanelal Statements for the Year Ended 31 August 2025 13 Debtors Group Charlty 2025 2024 2025 2024 Trgde debtors Du¢ froni group uiidertakin88 VAT ree(>verabl¢ Oili¢r deblDTS 58,617 28,622 227,861 254,585 4,314 8.478 5,786 8,478 8.478 8.478 71.409 236.339 263,063 14 Cash gnd ¢1$b equlv•lent$ Croup Charlty 2025 2024 2025 2024 Chsh at bank 339,595 204,111 207,860 84.347 15 CredltorB.' Bmounts fallln8 due wlthln one year Group Charlty 2025 2024 2025 2024 Trad¢ cr¢dilors Other Inxoiton )nd social s¢¢urity Twsttes eurr¢nt a¢¢Dunts Other ¢¥¢diiors A¢¢nlS 73,852 16,531 23,719 244,917 21.685 64,278 12,790 79,355 136.582 36.893 10,870 159.404 11,655 51,309 21,1161 77,414 380,704 329,898 181929 16 Pen8lon And other schemes Defined contributlon pen$loft scheme TFLe STOUP operatC5 8 defined ¢ontribution pension seh¢mE. The pension Cost ¢har8e for the ye4r represents contributions payable by the group lo ¢lie schemc and &mounied to £7.1561?024- £6,463). Pa8e 28
Safar Academy Trust Notes to the Financial Statements for the Year Ended 31 August 2025 17 Funds Croup Balance At I September 2024 Ineomlng resource Re50urce& oxpond¢d Balance 4t31 August 2025 Unreslrleted funds General 85,199 1,522 997 1,392,858) 215.338 Seplembtr 2023 Incomlng rtsourcos Re$ource5 expended August 2024 Unrestrlcted tsndi Oen¢ral 1,483.5211 Ch4rl¢y BalHn¢e at I September 2024 Ineomlng re$ourfe$ Re$ources ¢xpL'nd¢d Balance at 31 August 2025 Unreitrlcttd funds GeTherul 275,177 547,434 557,128 265,483 BAlan¢e At I SoptLbmber 2023 Incomlng resour¢e5 Resources expended B8lanLe at31 August 2024 Unrestricted funds GefieT21 193.278 590,578 508.6791 275,177 Page 29
SAfar Academy Trust Notes to the Flnanefial Statements for the Year Ended 31 August 2025 18 Analys15 of net assct5 behv¢en funds Group Unr¢$lrieted fund5 Gentral Total funds gt 31 August 2025 Tan8ibl¢ fixed a$s¢tS Current assets Current liabilities 9.668 586,374 1380,7D4 9,668 586,374 380 704) Total nci assets 215,338 215.338 Unresiricted funds Gener•1 Total funds at 31 Augus¢ 2024 TanÉible fix¢d osseis Currertt assctS Current liabilities 8.370 406,727 329.898 8,370 406.727 329 898 Toial net assets 85,199 Charlty Unre8trl¢ted rund5 General Tot*l funds At 31 August 2025 TAngible fixed assets Fixed ¥LSb¢i investments CuTtcnl as8el$ Curr¢tii liabilities 3,113 loo 444,199 181,929} 265,483 100 444,199 1181.9291 Total n¢1 ass¢l$ 265,483 Unre5tr1tted fund5 GenerAI Total fund5 Ylt 31 August 2024 Tangible fixcd &ssei$ ixed asset inv¢stments Curr¢nt a5se15 Current liabiliiies 5,081 loo 347,410 177.414) 275.177 5,081 loo 347,410 77,414) 27S.177 Total net assets Pa8e 30
Safar Academy Trust Notes to the Financial Statement$ for the Year Ended 31 August 2025 19 Related party Iran5actlons Other ¢redirors of the group includes an amow]t of £233,34912024- £102,471) owed to a TElated party. Debtors for the p2r¢nt Charity tLclud¢s &mounl of £227,861 (2024- £254,51151 due from the sllbsidiary company. Pag¢31