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 insti￿tiOnS 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 tU￿1cul￿M, 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'
Kill￿Illg 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 fi￿her the advance of educalion and provid¢ grants or finan¢ial
llssisiance LO ilie poor ond needy.
The I￿Stee5 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 I￿Stee$ 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 OVer￿e 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 eX￿sed 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 fI￿ne1a1
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¢ $lal¢ oforraiTS orth¢ ¢liarily and of the inL'oming resources and
pplicalion of r￿011rLt& uf the Lhority for tliut period.
In preparing Ihese financial statements, the trnsiees are required io=
seleei suitable accounting polici¢5 and th¢1) apply Ih¢ni COLisisi¢ntly;
observ¢ tlie incihod$ 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$onable &ccuracy at uny
lime the flnancial position of the cliarity and ¢iiabl¢ IlJ¢m to ¢iisur¢ iho¢ tli¢ financial statements comply with tlie
Charities Aci 2011, Ihc Charilic5 (Accounts and Rcports) Rcgul81ions 2008 and the provisions of the I￿81 deed.
They are Also resptrnsible for %ifeguirding Ilie xs$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 inforn￿tiO1l 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 Accoli￿li1)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 prepAl*tkott 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 reg￿l￿(l￿n5. 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 proCedU￿S 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 c￿Or, 85 froud involves intenlional ¢on¢¢alment,
for8ery, colliisioii, omission or mIs￿pT¢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 ￿450ndble￿Cs5 of a￿Ounting ¢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$, we are required to draw att¢niion in our auditor's report lo th¢ related dis¢loyuTCS III th¢ financial
siat¢iii¢nis or, if such di5c105urcs are inadeqiiale. io modify our opiiiion. Our conclusions dr¢ b#s¢d on the audit
evid¢ii¢¢ obiaiiied up to the dai¢ cf our auditor'5 report. Howcver, futurc evcJit5 or conditions moy cause the 8roup
or pareni charity lo cca5e lo conlinue lls a going cot)cern.
Evoluate the OV¢T&II P￿se￿￿tion, stnjcture ond conieiit of the fJnAiiei81 statements, including the di8clo8ures, ai?d
whether the financial statemenis T¢pres¢nt Ihe underlying tran$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 ren￿1n 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 Al￿1t 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 fi￿1)¢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¢1linc￿ast) 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 Au￿1$1 2025. No sial¢inent or riiiaiicial a¢livili¢s 18 pr￿￿nted 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. Non￿0￿(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
chunt￿ble 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¥ meaSU￿d Teliubly. All costs are allocated lo the applicablc cxpcnditur¢
h¢adin8 Iliai aggregate $imilaT costs to Ih8t celegory. Where costs cannot be directly allributed to particular helldings
they have been all￿ated on a basis Consistent witli Ihe iise of resources. wii11 central siaff costs allo¢ai¢d on tlie
basi% of lim¢ 5peiit, and depreciation chaT8es allocated on ihe portion of tlie asset's usè. Other support costs gre
allocated based on lh¢ sprctsd of Sldff costs.
Rrtlslngfiiitds
These are costs incurred in altraeÉin8 voluntary income. the mHI)ft8ement of investments and ihose irt¢urrcd in
Irnding ucliviiics ihat rdise ￿nds.
Ch¢rllabl¢ ¢¢llvliles
Ch&ritublL cxp¢ndityr¢ ¢ompri$eg those costs inCU￿d 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$tent with
the iise of resources, for cxhinple. alloc#tiiig properly cest5 by floor areas, or per capi18, sl8ff ¢osls by Ilie tiine spent
and othcr co815 by their usa8e.
Govern4￿Ce costs
These include the costs attributsble 10 the Charity's compliance with con$iitution81 and sta￿tOry 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¢$, fittings and equipmeiit
l)epreelitlon method and rY4te
200/0 Straight line nicihod
R¢s¢Ar¢h And development
Research artd development expenditure is WTitten off iii th¢ profil and loss account as inairred.
Buslnoss combln*iions
Busittcss combi1181ions Are Aecounted for under the purchas¢ method. Wli¢r¢ ncc¢ssory, Adjuslrnenls ar¢ n)odc 10 the
financial siai¢inenis of subsidinries 10 brinB the uccounliiig pulicies 118ed iiilo line with Ilio%e iised by the charity. All
inira.8TOUP transaetioiis. bnlan¢¢s, inwme and expenses are clitninai¢d vn Lonsolidation. In accordunce widi Section
35 of FRS 102, 8cLliun 19 of FRS 102 1)as noi becn Hpplied in Iliese finllncial slatcments in respect of business
combi118tioiis ¢ff¢¢led Prior lo the dal# of ir&ii¥ili¢)n.
Sto¢k
Sto¢k is volued 81 tli¢ low¢r ofco%i aiid ¢Siirnulcd .*cllin¥ price Icss costs 10 ¢on)pleie and sell. ofter d)Je re8ard for
ob501ctc and slow moving stocks. Cosi 15 dctemiintd using thc fjrst-in. fi￿l-￿Ut IFIFOI.
Tride debtors
Trod¢ debtvrs and other debtor.E nr¢ meosuTed 41 cos1,1¢55 provision for impaimient. A provision for th¢ impBirment
of debtors is esi&blishcd wlicn Ihcrc 15 objective evidEiice Iliai Ihe group will nol be llble to cnlleel all amounts due
Accordin8 10 the originol tern￿ of Ihe receivables.
Cash ond ¢a8h equlvalents
Casli ond cash ¢quival¢n¢s comprise ¢4sh on hAnd And ¢all deposiis. and other sllort-ttrtn liiglily liquid invesiment
that ore readily convertible lo a kno￿1 8mouiit of¢asli and are subj¢¢l IO insi¥nificant risk of chan￿e in value.
Trade credltors
Tradc crcditor5 and otSi¢r creditors are obligution$ 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¢r*nc¢ oftlie
objcctivt5 of thc Ch￿ity-
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 reco￿lised 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 $imulianeouyly.
Fin8ncio1 assets ar¢ dere¢ognised when and only when al thc Gonlrgctual ri8hts to Ihc cash tlows from thc fjnaneial
asset ¢xpir¢ or are settled. bl the charity transfers 10 anoih¢r party siibslanli4lly all of the risk8 and rewards of
ownership of the finaiicial a55Ct, or cl thc charity, dcspilc haviiig rctain¢d some, bul not all, significant risks and
rewllrd.s of O￿lerShip, has traiisferred control of the asset to artotlier party.
Financial liabilities are dereco8ni5ed only when th¢ oblisation specified in the Contract is dis¢h8rge4, ean¢¢lled or
expires.
JIivL¥ffllleltt$
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
CJener*l
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 Ali￿ls1 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
sub￿dIary 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¢¢n￿lS
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