Charity rtgistration number 1129270 (England and Wales) GREEN ACADEMY TRUST ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 AUGUST 2024 • xeinadin
GREEN ACADEMY TRUST LEGALAND ADMINISTRATIVE INFORMATION Trustees ArnarAIi Abdullah Khan harity number IEngland and Wales) 1129270 Principal address Green Academy 2 Queensberry Street Nottingham UK NGS ODG Auditor Xeinayin Audr( knmtied Ground Fknor. Citygate Longridge Road p910n Lancashire United 'r0d( PR2 5BQ Bankers stsrting Bank Operation5 Team 5th Floor Brunel House 2 Fitzalan Road Cardift Wale5 CF24 OFG
GREEN ACADEMY TRUST CONTENTS Page TFUSte&s' report Independent auditor's report ststement of financi81 actMts Ban sheet Ststemenl of cash flows Notes lo financial statements 10-19
GREEN ACADEMY TRUST TRUSTEES. REPORT FOR THE PERIOD ENDED 31 AUGUST 2024 The trustees present their annual report and financial slatements for the peritsy erd 31 August 2024. The financial statement5 have been prepared in acAx)rdan wilh the accounbng polioes set out in note 1 to the rin2nryal slatetnents and comply with the charity's goveming document. the Chants Act 2011. FRS 102 'The Financial ReportiThJ Siandard applicable in the UK at¥J Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities.. Statement of Recomrnended Pra¢ti¢e applicable 10 Charit5 prepariry their accounts in accordance with the Financial Repong StarKlard applb in the UK 8t Repuuic of Irelarml IFRS 1021". Objectives and attivitie5 The objectsves of the tharity as set out in its govemiThJ d0ment are as f1". The adv2nTrmenl of the 151arnic relwJion in UK in accordan wilh the accepted vwi of Ahle Sunnah wal Jamah in accordano with the juristsc Inlerpretatr'on of tre Grand Mufti of Darul Uloom A Arabiya Al Islamiya by." Providing facilities for edu¢ab"on, relwJiou5 5ewvices and communty act5Vrties. Prowding other sui servios to the Islarnic community as needed. To promote Isjamic awareness amorJst people of UK. To establish secular acad1¢ educats.on systern a)mlant wth tt laiih and beliets of the ms11m community in accordan with dause 3.1. To establish acadernic and l10S instrtutions in UJC The promotion of lIgiouS harmony for the puNic benefrt by fv5tering better relabons between the Muslim community arKJ the Mder comrnunity. For such other charitsble puwse5 accordsng to law of Engla1 and Wales a5 may fr(xn time to time the the truste&s shall determine. sttstegf8s forachieving 8in7s and objectives The charity run5 a nursery and after-schcx)I dasses (Madrasal in the Radford a*NY a primary school. nursery and MosqLE al th& Basford area of Nothngham. Public benefit Th8 ttustees have paKI due regard to gUKlan issued by the Chaity Cc¥nmission in decKling what activitses the charity should undertake. Achievements and perfomiance Significant achvities and achievemenls againsl objeclives Throughout the year the charity mainta1ned the wnning of the nursery. primary school and madrasa to a¢hve Its objectives. Financial rÈview R8SèN85poIIcy It is the policy of the charity that unreslncted (unds whith have not been desKJnated for a sperific use 5houkl be maintained al a level equpialent to between three and six month.s eXperlture. The trustees consider that reserves at this level will ensure that. in the event of a SnIfiCant drop in fvnding. they will be ae to continue the charity's cuffenl activilEs while consideration is given to ways in whith additional funds may be raised. This level of reserves has been maintained throughout the period. The chanws reserve policy is to maintain a sufficient level of liquid reserves to meet short tetm obligation5 and any Ljnforeseen expervJiture. The Twstees are s8b"5fied with level of liquid reserves held at the end of the period £247.242.
GREEN ACADEMY TRUST TRUSTEES. REPORT ICONTINUEDI FOR THE PERIOD ENDED 31 AUGUST 2024 Princjpal lunding sources During the period the charity raised a total of £2.095.W of incoming we5ourS before Charitab expenditure. Most of the funds raised were through voluntary donabons from within the local community. nursery fee5, school fees. rn3dr8sa fees and through a number of fvndraistng prograrnmes at Ihe institute in order to hjrther the objectives. M8jorrisks The Trustees have assessed the rnajor risks lo which the charity is exposed aThJ a satisfied that 5y5tems and procedures are in place to mitr9ate our exrM)su to the major ¥i5ks_ Plan$ for future pèriods A5 part of the ¢harity"s ongoing commitment to expanding its educabonal seN1. we are pleased to port progress iowards our long-term goal of establishing both a prmary and secondary 5chocA. alongskle provision for madrassa classes. Our Primary school èxpansion project is now Cornpte vrtth adOnal dassr00rn5 added to the existing building. In line with the objectives. the charity has proceeded with the purthase of a new site at 40 Waterford Street, NG6 ODT. which will Se as the future premises for OUT secondary school. A deposit was pad during the year. and the sak was subject to the granting of planning pemiission. Plannin9 permission was successfully obtained in June 2024. and final payment and exthange of contracts a expected in March 2025. Following completson. we intend to cornmence renovation. aThJ conversi(>n works to make ltte site 5Urtable for educ8knonal use This presents a SnIfiCant step toward5 realising the chantys wsion of (lelivering high-quality Islamic and acadetnic educaliM io meet the gr+17ng needs of the c(mrnuntty. Structure, governan¢e and rvanagement Gen Academy Trust is a chanty govemed by its constitrttion dateil 19th February 2009 and was registered the Charty Crrfnrnission on 23rd April 2009. The trustees who served during the Fericxj and up lo the date ol snatu ofthe finanrA81 statements we". Amarmi Abdullah Khan Muharnmad Bilal Bawa IResi9ned 15 August 20251 Recruitrnent and appointment of trustees The Chanty and ils property shall be managed and administered by a committee c(xnprising the Officers. Trustees and other members elected In accordan wth thss Constibjtion. The Charty shall have the following Offir$. Achair Aseuetary One treasurer A TrUSe must be a Member ofthe Charty. No one may be appointed a Trustee if he or she woukJ tt disqualified trorn actir4J vnder the promsions of dause 19. The number of Trustees shall be three. A Trustee may appoint anyone to act on his or her tEhalf at meetings of the Trustees. The trustees may appoint anyor* who is wlling lo act as a Trustee. Ihey may also appoint Mernbers to act as Officers. Mr Mutiullah Khan was appointed as a trustee on 15Attgust 2025.
GREEN ACADEMY TRUST TRUSTEES. REPORT (CONTINUED) FOR THE PERIOD ENDED 31 AUGUST 2024 Organisalional stwcture The Managemenl board oversee the running of Ihe charrty on a day to day basis. Ml operational decisions a made at management board meetings which a hekj frequenty thrOJh the year. The trustees oversee the overall project with involvement in key decision making. Statement ol trustees. responsibilities The trustees are responsible for pparing the Trustees. Report and the financial statements in accordan wrth applicable law and Unrted lQrydom Accounting Standards IUnTted KinJ0M Generalty Accepted Accounting practi}. The law applicable to CharItS in EnglaThY aThY Vwales requi$ the trustees to prepare financial statements for each financial period which give a true and tsir wew tsf the state of affairs of the Chanty and of the incoming restsu5 and application of resources of the charity for that period. In preparing these finanaal statements. the trustees are required to. select suitable accounting poliries and then apply thern ¢tsn515tenty.- - observe the methods and printsples in the Charities SORP. - make judgements and estirnate5 that are reasonable and prudent., slate whether appIlble accounting standards have been fouowed. 5ubjecl to any fflaterial departures dis¢losed and explained in the financial stalemenls.. and - prepare the finanoal slalements on the goiThJ concem basis Un$$ it ts inappropriale to presume that the chanty will oontinue in operat50n. The trustees are responsible for keeping suffioent accoun"ng record5 that disdose wrth reasonab accuracy at any time the financial sItion of the charity and enable them to ensure that the financial stslements comply with the Charities Act 2011. the Charity (Accounts arKI Reports) Regulations 2008 anLI the prowsions of the trust deed. They are also responsible for safeguarding the assets of the d)arrty and hen for tsking reasonab steps for the pievention and detecbon of fraud an(1 other irfeguiaritses. Change of financial year During Ihe reporting penod. the charrty changed its finanual year end from 22 April to 31 August. in order to better align wth the acadefnic year and support dearer financaal planning in line wrth rts educats"oTr-related aCtsltIeS. As a result. this port and the accoYtipanyin9 financial statements cover a transiti.onal accounts.ng period. which is longer than 12 months for th15 period. The trustees. report was approved by the Board of Trustees. Abdullah Khan Twstee 19 December 2025
GREEN ACADEMY TRUST INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF GREEN ACADEMY TRUST Qualified Opinion Vve have audited the financral statements of Green Academy Trust (the 'tharty'l for ihe period ended 31 August 2024 whith comprise the statement of finanoal activtties. the balan sheet. the statement of 5h flows and note5 the fin8ncial statements. induding significant accounting polioe5. The finanoal reporting framework that has been applied in their pparatIOn is appticable law and United KingdLYn Aw)unting Standards, indu(Jing Finanaal Reporting Standard 102 The Financial Reporting Standard apph"cable in the UK and Republic of Iland (United Kingdom Generally Accepted Accounting Prathcel. In our opinion. except for the elfects of the matter descriw in Basis for Qualified Opinion paragraph. th8 nancial statements. give a true and fair view of the state of the chariws affairs as at 31 August 2024 and of its Incoming resour(xs and application of resour$. for the penod then erided". have been property ppad in aCran with United Kingjom Generalty Accepted Accounting Practice." and have been prepared in accordance vmth Ihe Charib"esAct 2011. Basis for qualified opinlon As we were appoinied late as audrtors for the year ended 31 August 2024 and for this re850n only. the audit emdence regardirKJ the opening balances was lirnited. AccordirYJty. we were unabte to obtain sufficient appropriate audit evidence gardIng the opening balan as at that date. Since these opening balan$ aftect the financial perfotrnance arKI cash flows of the Charity for the year ende(1 31 August 2024. we were unable lo deterrnine whether any adjustments might have been $Sary in SpeCt of the amounts and dLSclosur8s in the accompanying finanoal statements. Vve conducted our audit in accordance Intemabonal SlaThJards on AJ"t¥j IUKI IISA5 IUKII and appliCae law. Ir responsibilities under those stsndards are fiJrther described in the Auditorfs respon&bilities for th8 audit ol the firtancial stalemenls section ol our report. are independent of the chanty in accordan with the ethical uirements that are relevant to our audit of the ftnancjal statements In the UK, indudiry the FRC'S Ethical Stsndard. and we have fulfilled our other ethical SponsibIlie$ in aCcCKdan wth these iequirefflents. We believe that the audit eviden we have obtsined 6 sufficient and appropllate tts prowde a basis for our opinion. Conclusion5 relating to going concern In auditing the financial statemen15. we have conduded thal the trusiees, ttse of the going concem basis ol accounting in the preparatson of the finanual statements is appropriate. Based on the wort¢ we have pertom)ed. we have not entified any material uncertainbes re18ting to events or conditions that, individually or colkntively. rnay rasl significant doubt on the chanty's ability to continue as a going concern for a penod of al least twelve months from when the finanoal statements a authorised for issue. Our responsibilities and the responsibile$ of Ihe trustees with le¥ to going cOnM a described in the relevant sections of this ptsrt. Olher infomation Th8 other Information comprises the infom)abon induded In the annual report other than the finanaal statements and our auditor's report thereon. The trustees a responsible for the other infomiation contained within the annual port. Our opinion on the finanoal statements does not cover the other information and we do not express any loftn of assurance conclusion thereon. Our resFy)nsibility is to read Ihe other ItFfotmation and. in doing 50. con51der whether the other infom)ation is materially Inconsistent wih Ihe finanaal statemenis or our knowledge obtained in the course of the audit. or otherwise appears to be materially rnisstaied. If we Klentify such material inconsistencies or apparent material misstatemerits, we are required to iJeteMine whether this gives rise to a material mis5taternent in the finano81 statements themselves. If. based on the work we have performed. we condude that there is a matenal rnis5tatement of this other informatson. we are required to report that fact. We have nothing to port in this ward.
GREEN ACADEMY TRUST INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF GREEN ACADEMY TRUST Matters on whi¢h we are required to report by exception We have nothing to report in reskwt of the followng matters in relabon to which the charib.es (Accounts and Report51 Rul8"onS 2008 Ule$ us to report to you if, in our opinion". the iTrforrnation given in financial statements is inconsistent in any rnatenal respect ihe trustees, report." or suffioent accounbng records have not been kept or tre finan¢i81 stalements are not in agTeernent wth accounb.ng records.. or we have not received all the inlom)ation and explanabons we require for our audit. Responsibilities of trustees As explained rn0 fvlly in the statement of tsusiees, re¥)0nsibil5. the trustees are spOnsIble for the parat)n of the financial ststernents and lor beitvJ sab"sfied that they give a tr and fair wew. and for such intemal control as the trustees determine Is esSary to enab the preparabon of finanoal stslements that are free from material misstatetnent, whether du& lo fraud or error. In preparing the finanual statements. the trustees are responsib foi assessing the charity's ability to conbnue as a going concem. d15dosing. as applicable. matters related to going concem and using the going wnTrrn basis of att(KJnting unless the trustees either intend to ase operations. or have no realistic altemabve bui to do so. Auditor'5 re$ponslbilities for the avdit of the financiaT Statements Vve have been appointed a5 audilor under Section 144 of the Charibes Aet 2011 and report in accordance with the Act and relevant gUlationS made or hawng efferA thereunder. Our objecbves are to obtain reasonab assurance about whelher the finana31 statement5 as a whole are free fvom material misstatement, whether due to fraud 01 error. and to issue an audito¢s port that indudes our opinion. Reasonab5e assuran is a high level of assurance but is not a guarantee Ihat an audit conducted in accordance with ISAS IUKI will afvays delect a material misstatement when It exists. Mis5taternents can arise fvom fraud or error and are considered material if. indivKJualty or in the aggrate. Ihey could reasonably LE expected to Influen the economic decisions of users taken on Ihe basis of these financial statements. The extent to which our W0u$ a capable of detecting irregularities. indtyjing fraud. is detaId below. Our approach to Klenlifyiro and assessing the risks of wnaterial misstatement In pecI of irregula1"e5, induding fraud and non-ctynp11an with laws regula"OnS. Vfds as follows." the engagement partner ensuod that the engagement team colleVY had the appropriate c(xMpeten. capabilities and skills to Klentify or fecognise non-compliance with applicable laws and regulations". we identified the laws and regulations applicabk to the company ttirough discussions with directors and other m8nagernent, and from our ctynmeroal knowledge and experience ofthe relevant seetor.. we focused on 5peafic laws and regulabons which we considered may have a direct material effect on the finanual statements or the operation5 of the cotnpany. induding taxth"oTh l$lation and data protection. anti- bnbery. etTrployment and he8h and safety legislation." W? 35sessed the extent of complianee wth the laws and regulations Klenb"fied above through making enquiries of management and inspecting legal corresponden. and Identified laws and regulations were communicated wthin audit team regularty and the team remained alert to InStanS of non-compliance throughout the audit. Vve assessed the susceptibility of the companys finan(iaS statements to material missiaternent. induding obtaining an understanding of how fraud might occur. by. . making enquiries of management as to where they wnsidered there was susceptiTr)ilrty to fraud. their knowkdge of actual. suspected and alleged fraud." and regulations. To addres5 the risk of fraud through rnanagement b$ and overThYe of contrds. we". performed analybcal procedures lo ideritify any unusual or unexpected relab"onships'. tested joumal entries lo Identify unusual transa¢bons". assessed whether judgernents and assutnptions made in deteminin9 the accountiro estimates were inéicats.ve ol potential bias.. and investigated the rationale h1nd significant w unusual transaction5.
GREEN ACADEMY TRUST INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF GREEN ACADEMY TRUST In sponSe to thè risk of irregularib.es and norFCffjlan th law5 and fegulation5. we designed procedures which induded, but were not limited to". 8greeing financial statement disclosures to underlyiro supporty'ro doments)0n'. reading the minutes of rneetings of those tharged with g0veMan.. erouiring of management as to actual and potential Itbgation and daims." aThJ reviewing Corresponden ¥th HMRC. vant wulatots idIng the Heath arKS Safety Execut¥ve. and the company'5 legal advisors. There are inherent limitations in our audr( prOre$ desuibed above. Audthng $tan(lards atso limit the audit prdre$ requi0 lo identify nOnMplian wth laws and wulations to eTh)uiry ol the directors and other management and the Inspect of wulatcwy and kgal coffespon(lerte, if any. A ftjrther descnptson of our responsibilities is availab on the Finanaal Rerting Council'5 website at". hty)s".11 WWJV.trc.org.uklauditorsresponsibilities. This description fonns part of our auditots report. Other matter5 Your attention Is drawn to the fact that the charty has prepared finanaal statements in accordance 7th"AcCounting and Reporting by Charities Siatement of RecL¥nmended Practice applicable to tharities preparing their account5 In accordan vAlh the Financial Reporb'ng Standard applicable in the UK and Republic of Iland IFRS 1021. las amended) in pferen lo the A¢counb'ng and RepOThj by Chariiies Ststement of RecotnmerKJed Practi issued on 1 April 2005 which is referred to in the extsnt regulations but has now been wrthdrawn. This has been dore in order for the finanual staiements to provK a true and fair yew in accordan th curreril Generally Accepted Accounting Practi. Use ofour report This report is made solely to the charttys trustees. a5 a b£xJy. in accordan with Part 4 of the Charthe5 (Accounts and Reports) Regulatsons 2008. Our audit work has teen undertaken so that we mvJht stale to the ehanty's trustees those matters we are required to state to them in an audilor's report and for no other purpose. To the fullest extent pemitte(J by law, we do not 8pt or assume responsitmlrty to anyone other than the chanty and the charity's trustee5 zs a body. foi our aLwJit worft. for this reporL or forthe Lyinions we have fotmed. bJLAL Id.1 Farook Patel FCA Isenior Statutory Auditor) For and on behalf of Xeinadin Audit Limited. Statutory Auditor CharteredAccountants Ground Floor. Citygate LorwJridge Road Preston Lancashire PR2 5BQ United KirydLKn Dale". Xtynadin Audit Limit is elvJible for appointment as auditor of the charity by wrtue of its eligibilty for appointment as auditor ol a company under sectyon 1212 ofthe Compan*s Act 2(.
GREEN ACADEMY TRUST STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE PERIOD ENDED 31 AUGUST 2024 Unrestricted Restricttd lunds funds 2024 2024 Total Unrestrl¢ted Restrlcted funds funds 2023 2023 Total 2024 2023 Notes Inme from.. Donations and legacJe5 Charitable actiwtie5 Other trading activities 1.107.559 974.840 12.697 1.107.559 974.840 12.697 185.981 973.153 185.981 973.153 Total income 2.095.096 2.095.096 1.159.134 1,159,134 Expendlture on: Charitable activities 1.851,750 1.851.750 1.032.569 1.032.569 Tètal expenditure 1.851.750 1.851.750 1.032.569 1.032.569 Net incom8 and movement in funds 243.346 243.346 126.565 126.565 RecoNciliation of funds- Fun(J balances at 23 April 2023 778.911 228.695 1.CQ7.6C6 652,346 228.695 881,041 Fund balances at 31 August 2024 1.022.257 228.695 1.250,952 718.911 228.695 1.007.606 The statement of financial activit$ indudes all gains and k)sse5 recogni5e(J in the period. income and expenditure derive from continuing activities.
GREEN ACADEMY TRUST BALANCE SHEET AS AT31 AUGUST2024 2024 2023 Notes Fixed assets Tangib assets 11 1,088.221 659.788 Current assets Debtors Cash at bank aThY in hand 12 52.865 248.443 8.500 346.174 301.308 354.674 Creditors.. amounts falling due within one year 13 1138.5771 16.8561 Net current assets 162.731 347,818 Total assets less current liabilitles 1.250.952 1,007,606 The funds of the charity Restricted inc(Mne funds Unrestricted funds 15 16 228.695 1.022.257 228,695 778.911 1.250.952 1.007.606 19 December 2025 The finanual statements were approved by the twstees on......................... Abdullah Khan Trustee
GREEN ACADEMY TRUST STATEMENT OF CASH FLOWS FOR THE PERIOD ENDED 31 AUGUST 2024 2024 2023 Notes cash flows from operatln9 actSvrtles Cash nerated frorn operations 19 410.049 118.165 Investing activities Purchase of tangibl8 fixed assets 1507.7801 {73.8991 Net ¢ash used in inve$tyng actyvities 1507.7801 173.8991 Ngt cash gonoratgd from financing activitTrO$ Net Id?cr8aseVincreas8 in cash and cash equivalents 197.7311 44.266 Cash anij cash equivaftts at beginning of n(J 346.174 301,908 Cash and cash equivalents at end of period 248.443 346,174
GREEN ACADEMY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 AUGUST 2024 A¢¢ounting pollcoes 1.1 Ba$1$ of pparation The financi81 statements have been prepared in accordan with the charity's goveming document. the Ch8rities Act 2011. FRS 102 "The Financial Reporting Stan¢Jard applicable In the UK and Republi¢ of Ireland" and the Charthes SORP "Ae£ountin9 and Rerx)rting by Chanties". Statement of Recommended Pracbca applicable 10 charib.es preparing treir accounts in aCc4Kdar wth the Finanoal Reporting Standard applicable in the UK arKI Republic ol Ireland IFRS 1021" The charty is a Public Benefft Entty as defined by FRS 102_ The financial ststements have departed from the charib.es IAccounts and Reports) Regulations 2008 only to the extent required to provide a true antj fair view. This departure has snvolved following the Staternent of Recommended practi for charfies applying FRS 102 rather than the version of the Statement of Recommend Practs whid) is referred to tn the Regulations but whith has Sin been wthdrawn. The financial slatetnent5 ale prepared in stediThJ. whith is the fun(onal eAJrrency of the charity. Monetary amounts in these financial stslements a rounded to the neaiest [. The finanaal staiements have been prepared undef the hisiorKal cost wnventitsn. The Pnapa1 ac£ounty'ng policies adopted are set out below. 1.2 Going concern At the time ol approwrYJ the finanaal StalenntS. the tnJstees have a reasonable expe¢tab"on that the chanty has adequate resources to ¢onb'nue In operational existenc for the foreseeable fthure. Thu5 the trusiees continue to adopt the going coneeffl basis of accounbng in preparing the financial statements. 1.3 Charitsble funds Unrestncted funds are av8ilabSe for use at the discrètion of the tnjstees in furtheTr ol th&1 chaiitab18 obiectives. Restricted tunds are subject to speofic WltiOnS by donors or grantors as to how they may be used. The purposes and uses of the restricted furKls are set out in the notes to the finanual statements. EndorTnen1 funds a subje¢l to 5wfic conditions by donors that the capital must be rnaintained by the chanty. 1A lThcome Incime is r&cognised when the chanty is legally enbued to it after any perfOr[nan condition5 have been met. Ihe amounts can be measured reliably. and rt is probable that incorne will be received. Cash donations a recognised on receipt Other donalons are iecognised once the tharity has been notified of the donation, unles5 perfOrnian condrtions reouire deferral ot the amount. Income tax recoverable in rèlaknon to donations receNed under GiftAid or deeds of ajvenant is recognisefl at the ts.me of the donation. Legacies are recognised on reTripf or othetwise il the tharity has been notifd ol an Impending distribution. the amount is known. ar¥J receipt is expected. If the Ount is not known. the IaGY is treated as a contingent asset. 10-
GREEN ACADEMY TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE PERIOD ENDED 31 AUGUST 2024 Accounting policies Icontlnuedl 1.5 Expenditure Expenditure 15 r8cognised On Ihere 15 a gaI or con51wcbve 019ation to transfer econornic benefit to 8 third party. It Is probatAe that a transfer of economic benefits 11 required in setllement. and the amount of the obligation r2n be measured reliably. Expendrture is dassffjed by ¥tiwty. The costs tsf each acbvty a up of the total of direct costs aThJ shared costs. Including 5UPPOrt Costs Invofved in undertaking each activty. Direct cost5 aitribuiable to a sing actiwty are allocated directty to that activty. Shared costs whith contribute to more than one acbvity and support costs which are not attributable to a Sing acbMty are aprM)rtsoned tween those a¢tivilies on 8 basis consistent with the use of resources. Central staff costs are allted on the basis of lime spent. ar depreoatson charges are alktsted on the poOn ofthe asset's use. 1.6 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequenly measured at cost or valuation. net of depreciation an¢Y any impairment losses. Depreciation is recognised so as to write off the cost or valuabon of assets their reskyual values over their useful lives on Ihe following bases.. Freehold land and bU11ng$ Fixtures and fittings Cornputer5 Motor vehides 2% straight line methcmj 100k Straht line Meth 10Qk sttaKJht line meth(xJ 20% Straight line methLyJ The gain or loss arising on the disposal of an asset is determined as the dilfeieno beiween the sale PrOd$ and the carryiTrg value of the asset. arKS is recogn15ed in the 5taternent of finanaal activities. 1.7 Impairnient of fixed a55ets At each reporbng end dale. the Charity reewS the carryin9 amount5 of its tangible assets to determine whether there 15 any Indicabon that those assets have suffered an irnpairtnent Ios5. If any such indication exis15. the recoverable amount of the asset is estimated in order to deterrnine the extent of the impairment loss lif any). 1.8 Cash and cash equivalents Cash and cash equivaTent5 tndude Ggsh in hand. deposits hekl at CAII banks. other 5hort-temi liquid investment8 with original matunbes of Ihree months or less. and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilit$. 1.9 Financial instruments The chanty has elected to apply the prowisions of secb.on 11 'Basic Financial Instrurnent5 and Section 12 'Other Finana21 Instrumenis Issues. of FRS 102 to all of rts finanual instruments. Financial instruments are recoynised in ihe charitys balance sheet when the charty becomes party to the contractual provisions of instrument. Finanual assets and liabilitres aE offset. with the net arnounts presented in The financial statements. when there is a legally enforceable nght 10 Set off the rewnised amounts and there 15 an Intention to settle on a nel basis or to 311$e the asse¢ and setue the 1¢blty smuttaneousty. The chanty only has finanoal asset5 and liabilbties of a kind that qLJalify as basi¢ financial Instruments. Basio financial instruments are initially recognise(l at transaction value and subsequently reaSU at amortised cost. Financial assets held at amortised cost cornprise cash and bank in hand trade debtors and tsther debtors £301.308 12023." £354.6741. Finanaal Iiabilitses held al arnorbsed cost cTrrprise all creditors expt social secunty and other tsxes £125.94212023." £6.8561.
GREEN ACADEMY TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE PERIOD ENDED 31 AUGUST 2024 Accounting pollcies Icontinuedl Basic financial assets Basic financial as5et5. which include debtors and cash and bank balans. are inib.ally measu at transaction price induding transaction cosis are subsequenyy camed at Jmortised ctsst using the effective interest method unless the arrangement ¢onstilLrtes a finanting tran53Ction. where the tran5acts.on is measured al the present value of the future recwpts discounted at a rnarket rate of interest Finanaal a5seis classified as reIvable within one year are not amortised. Basic financial liabilities Basic financial liabilities, induding tdito and bank loans are In"alty recognised at transaction pnce unless the atTangetnent cor15titute5 a financirvJ transaction. where the debt instrument is measured at the psent value of the future paytnenls discounted at a market rate of interest. Financial liabilities dassified as payable within one year are not arnortd. Debt instrurnents are subsequenly carried al amorbsed cos( usiThJ the effecl've interest rate methcll. Trade creditors are obligabons to pay for g¢xxJs or Se$ that have bpen acquired In the ordinary course ol operations from suppliers Amovnls payable are dassffjed as tsjrrent liabilitS if payrnenl 15 due within one year or less. 11 not, they are presented as non-cuffent Iiabilibes. Trade creditors are recognised initially at Iransadon Pri and sub5equendy rneasured al amorbsed cosl using the effecdve interest method. Derecogniiton of financial li8biliiies Fin8llCi81 liabilities are derecognised vthen the chanty's contractual 01)a"0ns expire or a discharged or canlled. 1.10 Employee benefits The cost of any unused hdiday entsuement is recognised in the in vthich the employee's semces are received. Temiinalion benefits are recognisefl immediatdy as an expense when the tharity is demonstrably commitied to teminate the employment of an empknyee orto prowde termination benefiis. 1.11 Retirernent benefits Payments to defined contnbution rets"rement benefit schemes are charged as an expense as they fall due. 1.12 Fund a¢¢ountin9 Unrestricted furKls can be used in accordance with the charitable objecbves at the ¢Ji$tr"on ol the trustees. Restricted fund5 Can only be used for particular restricted purposes wthin the objects of the charity. Restrictions arise when spwfied by Ihe donor or fvn(Js are rais for particular restrictecl purposes. Further exlanation of the natu arKI purpose of eath fvnd is induded in Ihe notes to the financial statements. 12-
GREEN ACADEMY TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE PERIOD ENDED 31 AUGusf 2024 Income from donalions and legacies Un$ttted funds 2024 Unrestrictsd funds 2023 Donaty'ons and gifts Grants 436.563 670.996 185.981 1.107.559 185.981 Income from charitable activities Unrestrtcted funds 2024 Unrestricted funds 2023 Charitable a¢tiviknes Nursery 8n¢ Schooling School rneals Ancillary tradng incorne 921.573 31.634 21.633 973.153 974.840 973.153 Ineome from other tradin9 activtlie5 Unrestricted UnrestrictÈd funds funds 2024 2023 Fundraising events 12.697
GREEN ACADEMY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 AUGUST 2024 Expenditure on charitsble actNitfjes Charitable activities charitable activities 2024 2023 Direct costs Staff costs Nursery and Schooling Charitable dtsnations School meal Staff training Subcontractor labour Business rates DBS Ched(s Ofsted fees School sup1&5 School trips Licenses and subscriptions Event suppli8S 1.236,412 469.535 110.808 1.529 21.296 5,459 18,652 1.403 718 220 23.408 196 16.794 1.153 13.664 49.119 3.422 65,573 7,580 2.015 5.190 66.875 10.878 19.624 10.845 1.491.197 671.169 Share of support and govemance costs Isee note 6} Support 360.553 361.400 J.851.750 1.032.569 Analys1$ by fund Unrestricted funds 1.851,750 1.032,569 14-
GREEN ACADEMY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 AUGUST 2024 Support costs allocated to activtties 2024 2023 Depoaation Promotional costs Bank charges Repairs and maintenance Rates Printing. postage an¢J stabonary Computer and telecommunicab.ons Equipment hi Motor travel Other support costs Insuran Governance costs 79,347 2,455 313 103.786 29.612 12,514 8.454 16.297 13.728 43.455 17,287 33.305 210 127 58.120 16.842 5.929 2.295 3.081 251.870 5,085 12,983 360.553 381.400 Analysed befv*en'. Charilabk activitses 360.553 361,400 2024 Governance Costs eompri$e: 2023 Audit fees Leg81 and professnal 25.505 12,983 33.305 12.983 Net movement in funds 2024 2023 The net movement in funds is staled after chargintyluedib"ngl". Fees payable for the audit of the charity's financial statements Depreciation of owne(l tsngIb fi¥ed assets 7.800 79,347 Trustees During the year. the tharity paMJ rernureration of £10.530 to Mr Maulana Abdullah Khan in add0Tr to trusteeship. 15-
GREEN ACADEMY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 AUGUST 2024 Employees The average monthty number ofernployees during the n(MI was.. 2024 Number 2023 Number Admin & Support 76 61 Employmenl costs 2024 2023 Wages and salaries Social security costs Other FnSIon costs 1.193.924 39,318 3.170 466,824 2.711 1.236.412 459.535 Thert We no empbyees whose annual remuneratitsn wa5 more than £60.LXJO. 10 Taxation The chanty is exempt fr¢yn taxabon on its acbv5tes because all rts income is applied for charitsble purposes. 11 Tangible fixed assets Freehold Fixtures and nd buitding5 liltings CrArbpuiers Mtsior vehi(Jp Total Cost At 23 April 2023 Ad(Jrtions 452,090 419.445 295.524 34.569 52.953 40.965 800.567 507.780 12,80ts At 31 August 2024 871.536 330.093 93.918 12.800 1.308.347 Depreciation and impaimient At 23 April 2023 Depreciation Charged in the period 140.779 33.1Y)9 140.779 79.347 29.091 14.687 At 31 August 2024 29.091 173.788 14.687 2.560 220.126 Carryin9 amount At 31 August 2024 842.445 156.305 79.231 10.240 1.088.221 At 22 April 2023 452.0> 154.745 52.953 659,788 16-
GREEN ACADEMY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 AUGUST 2024 12 Debtors 2024 2023 Amounts falling due thin one year. Tiade debtor5 Other debtors 2.095 50.770 8.5LKI 52.865 8.5QX) 13 Creditors= amounts fallin9 due wrthln one year 2024 2023 Other taxation and soryal secunty Other ¢ditOrS Accruals and deferred income 12.635 113.654 12.288 6.856 138.577 6.856 14 Retirement benefit ¥¢hemes 2024 2023 Defined contribution schemes Charge to profit or loss in respect of defined coniribution schemes 3.170 2.711 The charity operates a defined contribution FEnsion sthme for all qualifying employees. The assets of th8 Scheme are he separately from Ih05e of the tharrty in art indeperTrdenity adtnin15tered fund. 15 R*strict8d funds The reskncted funds of the charity comprise the unexpended balan$ ol donabons and grants held on trust subject lo speofic conditions by donors as to how tILey may be used. At 23 April At 31 August 2023 2024 Restricted funds 228,695 228.695 Previous year.. At 23 April 2022 At 22 April 2023 Restricted funds 228.695 228.695
GREEN ACADEMY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 AUGUST 2024 16 Unrestricted funds The unrestricted funds of the tharity comprise the vnexpended balances of donations and grants which a not $ubje¢t to speufic condrtions by donors and grant0 35 to how they tnay be used. These Include designated funds which have been set as¥Je out of uniestncted funds by the trustees for Spef purposes. At 23 April 2023 Incomin9 rtsourcÈ$ Re$our¢es At 31 August expended 2024 General funds 778,911 2.095.(196 11.851.750) 1,022.257 Previous year= At 23 April 2022 In¢omin9 re50urce5 Resources expended At 22 April 2023 General funds 652.346 1.159.134 11,032.5691 778.911 17 Analysis ol net assets befvmn funds Unrestricted funds 2024 Restrl¢ted funds 2024 Total 2024 At 31 August 2024-. Tangible assets Current assetlI18b1Ith$} 859,526 162.731 228.695 1,088.221 162.731 1,022.257 228,695 1.250.952 UnrestrÉcted funds 2023 Restricted funds 2023 Total 2023 At 22 April 2023.. Tangib assets Current assetsl1liabiles) 431,093 347,818 228.695 659.788 347.818 778.911 228,695 1.007.606 18 Related party transactions There were no disck)sable lated party transactions during Ihe riOl2023- none). 18-
GREEN ACADEMY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 AUGUST 2024 19 Cash genèrated from operation5 2024 2023 SuWus lor the period 243,346 126,565 Adjustments for. oepieciab.on and irnpairment ol taThJib fixed assets 79.347 Movements tn worklng capital= Ilnctsasel In debtors In¢aSe in credttor5 144.3651 131.721 18,5001 100 Cash g8nerated from operations 410.049 118.165 20 Analysis of change$ in net funds The chanty had no maierial debt durirKJ year. 19-