Charity registration number 1129270 IEngland and Wales) GREEN ACADEMY TRUST ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 f?) xeinadin GREEN ACADEMY TRUST LEGALAND ADMINISTRATIVE INFORMATION Trustees ArnarAi Abdullah Khan Mutiullah Khan (Appointed 15August 20251 Charity number IEnglartd and Vlalesl 1129270 Principal address GteenA¢ademy 2 Queensberry Street Nottingham UK G6 ODG Auditor XeinadinAL*Jrt Limrte¢J GrouThJ Hoor. Ctygate Longridge Road Preston Lanca5hire Untsj Tr&ngdom PR2 SBQ 8ankeT5 SlarfiThJ Bart Operations Team 5th Floor Brunel House 2 Frfzalan Road Car¢Jiff Wa￿$ CF24 OFG GREEN ACADEMY TRUST CONTENTS Page Trustees, report Inéependent auditotrs report statement of finanual actsvibes 8aL8nr£ sheet statement of cash flows 10 Notes to the finanaal statements GREEN ACADEMY TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 31 AUGUST 2025 Tre trustees present their annual rewt financial slaternents for the year etKled 31 August 2025. The financial Statements have been prepare(l in accordanc£ the accounting policies set out in note 1 to the fin8ncial statements and COMP￿ with the ¢hanVs goveming documen( the Charibes Act 2011. FRS 102 'The Financial Reporting Standard applicable in the UK aThJ Republic of I￿land. and the ch8r￿.e5 SORP "Accounting and Reporting by Charities.. Statement of Recomrnended Piactice appliCa￿e to charib.es preparing their account5 in attor¢Jance wrth tr* Financial Reporting Standard appkn"cab￿ in the UK and Republic of Ireland IFRS 1021" Objectives and activitiès The 04"ectives ofthe charity as set out in its govemirwJ dr￿urneThtare as fdlm". 1. The advan￿Ment of the Islamic religion sn UK in accordance with the accepted wew of Ahle Sunnah wal Jamah in accordance with the juristi¢ inlerpretalion of the GrarKI Mufti of Darul Uloorn Al Arabya ￿ lslarniya by.. a- Pro￿ldIng facilth.es for education. relwJious Servi￿ and communty activiDe5. b- Promdiw other such ser￿￿$ to the Islami¢ communty as needed. 2. To promote Islamic awareness arnongst peop￿ of UK 3. To establish secular academic education system cDmpliant with the faith and LEliets of the Muslim uxnmunity in awrdance ¢lau5e 3.1. 4. To e5tabtish academic and ￿1￿j10u5 Ènsbtutiorts in U 5. The promotion of rdigiou5 harmony for the public tenefft by fostering trEtter ￿latiOnS betsveen the Muslim community and the wider community. 6. For such othei charitable purposes accordirg to Ihe law of EThJland and Wdles a5 may from ￿"me to time the the trustees shall determine. The Trustee5 have reviewed the objectNes ofthe tharity to ensure that they prowde an overall benefit to the public. In cond(Jcting this remew. the Trustee5 have consKlered the Chanty Commission's general guidan￿ of public benefit. Slr8tegi&s for8chiewng aims and otsjectives The charity runs a nursery and after-school dasw IMaJra5al in the Radford ar¥J a prirnary School. nursery and Mosque at the Basford area of Noth"ngham. Publicb8n*fit The trustees have paid regard to guidan￿ issued by Charrty Commission in deciding what act￿l￿"ÈS the charity should undertake. A¢hievements and performan¢È SignifiG8nl 8clivit18s and achievements against oojeclives Throughout the year the charity maintsined the njnning of the nursèry, primary sd￿1 and madrasa to achieve it5 objectives. Th& charity runs a nursery and after-sthool dasses (Madrasal in Ihe Radford aThJ a primary school, nursery and Mosque at the Basford area ol Nottingham. Throughout the year. the charity conb.nued to Suc￿$fUl￿ operate its nursery, primary School and madrasa. ddivenno education and community Services in line its charitable obj'ectives. A significant acmievement during the yearwas the u¥npletion ol ihe (apitsl prq'ect to establish an 151amic secondary school for boys. The refuth'shment and fit-out works have now been completed. and the Charity 15 awaiting gislration ￿fOre the school can Commen￿ operations. This repTesents a major rnilestone in expanding the charity's e(Jucalional prowsion and 5upporbng wpils through thw'r secondary •YuG8bon within an Islamic enwronmenL GREEN ACADEMY TRUST TRUSTEES. REPORT {CONTINUED) FQR THE YEAR ENDED 31 AUGUST 2025 The charity has contin(Ed io invest in its educational fac41ibe5 arKI infrastructure Whi￿ maintaining its existing services. ensuring it remains well plac￿ to meet the needs of the CA)rnmunities rt serves. Financial review Resekves policy charity's re5erve5 pdicy is to maintain a suffiu.ent ￿¥81 of un￿tricted I￿U#j reserves to meet its Short-term obligations, manage u￿xpeCted expenditure and support Ihe continwl delwy of its tharitable activitses. Althe end of th8 financial year. unre5tricied liquid ￿ServeS stood at £4.121. This was below the Trustees, long-term target as a direct result of the planned investment in compleb.ng the tharitys Secondary school Capital prq"ect. The Trustees were satisf￿￿ that this temporary reducb.on in reserves was cons15tent wth the charrty's strategic ob5ectives and had been earefvlly conwder&J as part of ￿ overall fvndin9 cash fiow arrangements for the project. Followng the completvjn of the caprtal prqec( the Trustees exr*d the charity to strerythen its reserves through its n(h7nal operab"tvJ actiwties whik continuing to maintain sufficient IV4u￿ty to meet its firtanryal cThmmitments_ Pmcipal funding sources During the period the ch8rty raised a total of £2.030.120 of irtoming resources before chariU)le expenditure. Mosl ol the funds raised were through voluniary donations from within the loral corntnunity. nu￿ery fee5. school fees, m3drasa fees and through a number of fuThJraising prOgr￿me$ al the insb¢ute in ordei to furtherthe objectives. Maiorrisks The Truste85 have ass855ed the major rtsks to which the thanty is expos&Y and are satisfied that systems and procedures are in pla￿ to rnitvJaie oui exposure to the major risks. Plans forfuture periods The charity remains commrtied to expandirrtJ ts edurational prowi5ion lo meet thè growing needs of the community. During the year, the renovation and conversion of Ihe secondary sclK)ol premises were ¢c¥Mpbted. creating a purpose-built educational facility for boys. The charity is now awaiting registrabon of the school before it Can commence operation5. Looking 8head. the Trustees will fooJs on securiNJ registration. wuitin9 additional 51aff where required. and p￿paring the schwl for its first intake of pupils. Along$￿e this. the thanty VMII continue to invest in its existing nutsery. primary school and madr2sa. ensuring that hvJh standards of ￿luC￿liOn. safeguardir¥J and govemance are maintained across all areas of its educational provision. The TDJStees remain eommitte¢l to delivering hIg￿q￿a11ty l$lamic ac2dernic education while 8n5uring the long- iemi finanrial sU5tainability of the charity and supports.ng the needs ol the locJ oynmunity. Structure, goveman¢e and management Green Academy Twst is a charity govemed by its consliiubon dated 19th FebnJary 2009 and was registered wth the Charity C(mmission on 23rd April 2009. The trustees who sewl during the year arKI up to the date of SNjnatU￿ ofthe finanoal statements We￿.. AmarAII Abdullah Khan Muharnmad Bilal Bawa MutiulLah Khan IRe5igned 15Augu5t 20251 (Appointed 15 August 20251 GREEN ACADEMY TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 R8cmilment and appointment of bvslees 1. The Charity and its property shall managed and administered by a c(mmittee cornprisiry the Officers, Trustees and other members e￿¢ted in accordance wth Ihis CofSIt￿00n. 2. The Charity shall have the foll(ywiThJ Offi￿r$.. A¢thaw. secretary aThJ one treaSu￿r 3. A Trustee must be a Metnber ofthe Chanty 4. No one rnay be appointed a Trustee if he or she would ￿ dwualified from athr¥J urKler the prowsions of dause 19. 5. The nurnber of Trustees shall be three. 6. A Trustee may apptynt anyone to aci on his or her behaw at rneeb.ngs ofthe Trust￿. Appointment of Trustees 1. The trustees may appoint anyone who is willing tts act as a Tnjstee. they may also appoint Mernbers to aci as Officeis. Organisational structUf8 The Management board oversee the running of the chanty on a day to day basis. operational decisions a￿ made at manageM￿t board meeting5 which a￿ hekj frequently throtyjh the year. The tsustses oversee the overall project wrth involvement in key decision making. olh8rnpa11815 Risk Management The Trustees have assessed the major risks to which the chanty is exposed and are satisfied that systems and procedures are in Pla￿ to mibgate our exposure to the major risks. Statement of trustees. responsibilities The trustees are responsible for prepariNJ the Trustees. Report and the financial statements in accordance wth applicable law and United ￿ngdorn Accounting Standards (Unrted lQ"ngdom Generally AC￿pted Accounting PractiC81. The law applicable to char5tses in England and Wales reouires the trustees to prepare financial statetnents for eath finanaal year which give a true ard fail ¥￿W of Ihe State of affaits of the charty and of the InC￿nIng re50urce5 and application tsl ￿sOur￿9 of the thaiity for that year. In p￿parIng these financial 5tstements. the tru5tee5 are requi￿ to. seled surtable awounting po11rie$ 8nd t￿n apply them consistenuy.. obseNe the [neth(￿S and pnnuples in the Chartties SORP. - make judgements 3nd estimates that are ￿¥sonable and prudenl - state whether applicable accounb.ng siandard5 have been followed. subj.ect to any material (Separtures d15clo%d explained in the finanaal slatsments. and - prepare the financial statements on the going concem basis unless it is inappfopriate to p￿ume that the charty will continue in operatK)n. The trustees are responsible for keeping suffiuenl aecounting recA>rds that disdose with ￿aSonable accuracy at any "me the financial posrtion of the charty and enable them to ensu￿ that Ihe financial statement5 Cotnply with the Charities Act 2011. the Charity (Accounts and Reportsl Regulab"ons 2008 and the provisions of ihe trust deed. They are also responsible lor safeguarrJirKJ the assets of the tharity and hence for takiThJ reasonable steps for the prevention and detectson of fraLJd and other irregularityes. GREEN ACADEMY TRUST TRUSTEES. REPORT (CONTINUED FOR THE YEAR ENDED 31 AUGUST 2025 The t￿stee5. report W8s approved by the Board ofTw5tees. Muliullah Khan Trustee Date.. 1010712026 GREEN ACADEMY TRUST INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF GREEN ACADEMY TRUST Quallfied opinion VkÈ have audited the finanrial statements of Green Academy Trust lthe'eharity'l for thè year ended 31 August 2025 which comprise the statefflent of finanoal adtwties. the balance 5heel the statement of cash flows and notes to the fin8n¢ial ststernenis. including significant accounting polic￿S. The finanual reportiffj framework that has been ap￿ie￿ in their preparation is appluble law and Unite(l knngdom Ac£ounting Standards. induding Financial Rep)rting Standard 102 The Fin8ncial Rep(>rtirw Standard apphcable in the UK and Republ￿ of Ireland (United Kir¥Jdom Genera1tyAc￿pte(j AccountiTrJ Practice}. In our opinion. extept for the wssibk effects of the matter de5cnl)ed in the Basis for Qualified Opinion paragraph, thefinancial statements". give a true and fair view ol the state of the chartys aifair5 as at 31 August 2025 and of its ir1￿MIng resources and application of resources. for the year then ended.. have been properly p￿pared in acwrdance v￿th United lQ"rWom Generally A￿pted Ar£ounting PractbC&." and have been P￿pa￿d in accordan￿ with Ihe CharibesALt 2011. Basis for qualified opinion Vve were appointed as audrtors of Ihe tharity for the year ended 31 August 2024 and we were unable to obtain sufficient appropriate audit eviden￿ regarding the opening balan￿ at 31 August 2024. as the finantyal statements for the preceding tenod nol been audited because the Chanty was exempl from audit. As a ie5uI( we we unable to dètermine whether any adjustments We￿ ne￿Sary to opening balances. comparative information, or opening fund balan￿S for the year ended 31 August 2024. and this gave rise to a qualified au¢it opinion in our auditor's ￿part for that period. This matter remains unresolved in the currenl year. Consequently. we have been un8ble to obtain suffiaent appropriate audit ewdern￿ regarding the opening balances at 31 August 2025. and we were therefore unable to deterrnine whether any adjuslmenis mvjht have LEen I￿￿ssary to the comparative fuure5 and openiTrJ fvnd balan￿$ induded In the finanoal statements for the year end•1 31 August 2025. We Conducted our audrfc In accordan￿ wtth Intemational Standards ￿ Audthng IUKI IISAS IUKII and applirabl8 law. Our responsibilities undei those standards are further described in the Auditors ￿sponsIbilItIeS lor Ihe autlit or the financNal statements sectson of our reporL ￿ are Independent of the charty in accordan￿ wth the ethical requirement5 that a￿ ￿levant io our audit of the finanual statements in the UK. induding the FRC s Ethical Standard, and we have fulfilled our other ethical responsibilitses In accordance wth these requirements. ￿ believe that the audit eV￿enCe we have obtsined is sufficient and appropriate to provide a basis foi our opinion. Coficlusions relating to going ¢ort¢em In auditing the finanoal statements. we have conduded that the tnJstees' use of the going concem ba￿5 tsf a¢counb"ng In the preparab.on of ¢he finanrial ststernents 15 appropriate_ 8￿e￿ on the work we have performed. we have not thftb.fied any materBI uncertainties Felaknng to events or CDThditions th3L indivKJually or colkctively. may G3St Slgnificant doubt on the Charity's ability to continue as a going conTrm for a period of at leasttwelve months from when the finanual statements a￿ auihorised for issue. Our responsibilities and the ￿ponsIbIl￿1e5 of tr￿ trust&s with resrect to going concern arè deS￿bed in the rekvant sections of this report. Other informalion The other infomialion comprise5 the infonnation induder the preparation of the financial statements and lor being satsfied that they give a true and fair Mew. and for such inlemal control as the trustees determine is necessary to enab￿ the preparation of finanryal ststernents that are free trom material misstatement. whetmer due to fraud or error. In preparing the finanoal statements. the trustees are responsible for assessing the charity's ability to continue as a goiw con￿rn. disdosing. as app15cable. matters related to going concern and using the going concem basis of accounting unless the trustees either intend to cease operations, or have no realistic atternatwe but to do so. Auditorfs responsibilities for the audit of the financial staternents We have been appointed as auditor under section 144 of the chanb.es Act 2011 and report in accordan￿ wrth the Act and relevanf regulations maiye or hawng effect thereunder. Our objecb'ves are to obtain reastsnab￿ assuran￿ aboui whether the financ￿￿ slaternents as a whole a￿ free fvom material ffli5StaterDent. whether due to fraud OT error. and to issue an audito¢s ￿port that indudes our opinion. Reasonable 855urance is a high ￿Ve1 of assuran￿ but is nol a guarantee Ihat an aLKlit conducted in 8¢cordance with ISAS IUKI will a￿sYS detect a material misstatement when it exists. Misstatetnents can anse from fraud or 8iior and are Conside￿ material if. indmdually or in the aggregate. they coul(J ￿3$onablY be expected to influen the econornic detisions of users taken on the basis of these finanual statements. The extent to which our pror￿U[e5 are Capab￿ ol delecb"NJ irwU￿ritres. ind￿ling fraud. is detailed below. Our approach to identifying and assessing the risks ol malerial rni5Staternent in respect of irregularity'es. induding fraud and non-cornpliance with laws and ￿ul8t10n$. was as foll(yws" the engagement partner ensured thal the engagement team Co1￿ had the appropriate competen￿. capabilities and skills to Identify or rewnise norpc0mpl1an￿ with applicable laws and regulations". we identsfied the law5 aTrJ wulaknons applicable to the charity through disDJssions wrth trustees and other management, and from our comrnercial k￿￿edge and expenence of the relevant sector". we focused on speofic laws and regulabons whth we conskyered may have a direct material effect Dn the finanaal statements or the operations of the charity. induding the taxation legislats.on and data protection. anii- bnbery. employment and health and safety legislation.. . we assessed the extenl of cornpliar￿ with the law5 awyj regulth.ons identifed above thrO￿Jh rnaking enquiries of man8gernent and inspecting legal correspondence." and identifed laws and regulations We￿ communicatsd wthin the audit team regularty and the team ￿mained alert to inStan￿S of non-complian￿ throughout a￿j assessed the suscepts"bilty ol the charty s finanoal ststements to rnateaal rnisstatement. induding obtaining an understanding of how fraud might occur, by. making enquiries of management as lo where they considered was $u￿pbb11ty to fraud. their knovAedge tsf aciual, suspected and alleged traud." and wulations. To address the risk of fraud through management bias and override of controls, we performed analyb¢81 pro(Edure5 to ￿entity any unusual or unexpected relationships" iested ioumal entries to identify unusual transactions. assessed whether jLKJgements aThJ ass¥mpbons made in detemiining the accounts.ro estimates were indicstive of potential bias.. and iftvestigated the rationa￿ behind sgnificanl or unusual tranSa￿￿n$. GREEN ACADEMY TRUST INDEPENDENT AUDITOR'S REPORT ICONTINUED) TO THE TRUSTEES OF GREEN ACADEMY TRUST In iesponse to the risk of irregularities non-complian￿ wilh laws and reguLats"ons. designecl procedures which inCl￿e￿. but were not limited to.. agreeing financial Statement disclosures to undedyirvj supporting documentation." reading the minutes of meetings of those charged wth g0veMan￿.. enquiring of management as to actual and potenttal lffj"gation and dJims." and reviewing Cor￿sPonden￿ with HMRC. ￿thnt regulato￿ induding the Heath and Safety Exewtive. and th8 charity's legal adwsors. There are inherent limitalon5 ln our audrt pro￿ureS ¢Jescribed above. Auditing standards also lirnit the a￿j11 prO￿OUre$ required to identify non-cofflpliano with laws and wulat>ons to enquiry of the trustees and other tnanagement and the inspection of regulatory and ￿81 c￿￿nden￿, if any. A fijrther descripts.on of our ￿SponSibl1￿e$ is available on the Financial Reporting Counal'5 web51te at". htty)s".11 wMv.froorg.uklauditorsresFx)nsibilities. This descripts.on fomis part of our a(kYitoes ￿pOrt Other matters Your attention is drawn to the fact that the Chanty has prepared finanryal statements in accotdance wth"Accountsng and Reportsng by Charities". Statement of Recommended practs￿ applicable to charitses preparing their account5 in accordance with the Financial Reporting StatKlard aP￿Icable in the UK an¢ Republi¢ of I￿and IFRS 1021 las arnendedl in weference to the Accounting and ReportirvJ by char￿eS Staternent of Recommended Practice issued on 1 April 2005 which is referred to in the extsnl regulabons b(rt has now been wthdiawn. This has been done in order for the finarrial ststements to womde a Irue aThJ lair viw in accordan￿ wth current Generally Accepted Ac¢ountirg Practice. Use of our report This report Is made solely to the chanty s Iruslees. as a body. in accordane£ ¥Ath Part 4 of the charit￿5 (Accounts and Reports) Regulations 2CM)8. Our audit work has been uThJertaken so that we might state to the charity's trustees those matters we are wuired to state to them in an auditor'5 report 3nd for no other purpose. To the fUl￿$t extent pemitted by law. we do not acwt or assume ￿pOnsIbIlity to anyone olhei than the tharity and charity's irustees as a body. for our audit work. for this ￿port or for the opinions we have formed Farook Pat81 BEng FCA Isenior Statutory Auflitorl For and on behalf of Xeinadin Audit Limited. StatuloryAth1rtor Chartered Accountants Ground Floor, Citygate LorvJridge Road Preston Lanc8shire PR2 58Q Unrted Kin dom GREEN ACADEMY TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2025 Unrestricted Restricted fund5 fvnds 2025 2025 Total Un￿tricted Restricted funds funds 2024 2024 Total 2025 2024 Notes Ineome fmm: Oonations and legacies Ch8ritable actiwties Other trading adiwknes 1.058.136 954.406 17.578 1.058.136 954.4( 17.578 1.107,559 974,840 12.697 1.107,559 974,840 12,697 Total in¢ome 2.030,120 2.030.120 2.095.OS 2,095.096 Expenditure on- Charitable activities 1.742.265 1,742.265 1.851.750 1.851.750 Total expenditure 1.742.265 1.742.265 1.851.750 1,851,750 Net In¢ome 287.855 287.855 243.346 243.346 Transfers be￿eerS funds 228.695 {228,6951 Net movem8nt in funds 516.550 1228.6951 287.855 243.346 243,346 RecontiTiation of fund$= Fund balances at 1 September 2024 1.022.257 228.695 1.250.952 778.911 228,695 1.007.606 Fund balances at 31 August 2025 1.538.807 1.538.807 1.022.257 228.695 1.250.952 The statement ol finar￿al actIWt￿ indL#Yes all gains and losses re￿Jn1Sed in the year. Ail income and expenditu derive from continuing actiwties. GREEN ACADEMY TRUST BALANCE SHEET ASAT 31 AUGUST 2025 2025 2024 Notes Fixed assets Tangible assets 11 1.758.108 1.088.221 Current assets Debtors Cash at bank and in hand 12 44.197 4.121 52.865 248.443 48.318 301.308 Creditors= amounts fa115ng due wthin one year 13 1267.6191 1138,5771 Net curmnt Illabll¢tiesVassets 1219.3011 162.731 Total assets less curr8nt liabilities 1.538.807 1,250.952 The funds of the charity Restricted incrrfne fvnd5 U￿e51￿Cted funds 15 16 228,695 1.022,257 1,538.807 1.$38.807 1.250.952 1010712026 The financial statements wwe approved by Ihe trustees on ......................... Muliullah Khan Trustee GREEN ACADEMY TRUST STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGusf 2025 2025 2024 Notes Cash flows from operating activiti•s Cash generated from operations 19 501.103 410.049 Investing activities Purthase of tangibk fixed assets 1745.4251 1507.7801 Nel ¢a$h used in investing activities 1745.425} 1507.7801 Net cash generated from financing activÈties Net decrease in cash and cash equivalents 1244.3221 197.731} Cash and cash eqllWa￿ntS at b8ginniThg ofyear 248.443 346.174 Cash and cash equivalènts at end of year 4.121 248.443 GREEN ACADEMY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Accounting policies 1.1 Ba$18 of preparation The financial 5tatetnents ha¥e been p￿par￿ in accordan￿ with the charivs govemiro document. the Charrties Act 2011. FRS 102'The FinanLyal Reporbng Standard applicaue in the UK and Republic of Ireland" and the Charitie$ SORP 'A¢¢ountsng and Reporting by Charities." Ststetnent ol Recommended Practi applicable to charities prepariro their accounts In accordan￿ with the Finanaal Reporting Standard applicable in the UK arKI Republ￿ of IFRS 1021-_ The charity ¢ a Public Benefrt Entity as defined by FRS 102. The financial statements have departed from the char￿e5 IAccounts and Reportsl Regulath"ons 2008 onty to extent ￿quIred lo promde a true fair view_ This (Separture has involved followng the Staternent of Recomrnended Practi￿ for charib.es apptying FRS 102 rather than the version of the Statement of Recrynrnended Practce whith is referred to in the REgulab"ons but which has since been withdrawn. The financial statements a￿ prepared in steding. which 15 the lunc1￿naL ojrrency ol the d￿rity. Monetary amounts in these financial statements a￿ rounded to the nea￿t £. The ftnancial statements have been prepared under the historitsl cosl conventson. The prinopal awounting liaes adople(l are set out betow. 1.2 Going concern At the tirne ol approwng the finanoal statements. the biJ$tee5 have a ￿8$onable expectabon that the charity has adequate resour￿$ to continue in operatsonal existen￿ for the foreseeable future. Thus the trustees continue to adopt the going concern bas￿ of accounting in preparing the statements. 1.3 Charitable lunds Unrestricted funds are availab￿ for use at the discretion of the trustees in tsjrtheran￿ of their tharitable objectNes. Restricted funds are subject to speafic condit50ns by donots or granto[5 as tts how they may be used. The purposes and uses of the restricted fvjnds are set out in the notes to the fiTra￿al statements. Endowment fu￿$ are subject to speofic (xY￿l￿on5 by dorxjrs Ihat the capital must be rnaintained by the tharity. 1.4 Income Income is recognise(I vthen the charty is legalty enbtied to rt after any rErfornlan￿ condibons have been rnet. the amounts can be measured ￿llabty. and rt ts Fyobabk that ino)me VAII be receN￿. Cash don3tions are recognised on ￿￿1pL other rjonab.ons a￿ recognise(l On￿ the charty has been notified of the donation. unless performanTr Cot¥J￿0nS require deferral of amounL Income tax re¢overable in r£lab"on to donations re￿1Ve￿ under GiftAid or deeds of covenanl Is rec￿jniSed at the time of the donation. Legac¥85 a￿ ￿COgnised on r￿lpt or otherwise rf ch8rty has tr*en notified of an itnpending d15tribution, the amount is known. arKJ ￿ceipt is expected. If Ihe amount LS not known. the I￿acY is treated as a contingent asset GREEN ACADEMY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Accounting policies Icorblinuedl 1.5 Expenditure Eypenditure is ￿COgnised On￿ Ihere ￿ a leg4 or constnth obligation to transfer econotnic benefit to a third party, it is probable that a transfer of econ(*nic berefits will ￿ required In 5etUernent. and the amount of the obligation can be tneasured reliably. Expenditure is classified by actiwty. The costs of each acbvty a￿ made up of the totsl of direct costs and shared costs. induding support costs involved in undertaknng each activty. Direct costs attribuiable to a single activity are allocated directly to Ihat acbmty. Shared costs vknich contribute to mole than one activity and support costs which are not attributaue to a single actmty a￿ apportsoned between those actiwbes on a basis consistent with the use of resources. Central staff cost5 a￿ allocated on the basis of time spent, and depreciaknon charges are allocaied on porbon of the asset's V5e. 1.6 Tanglbl* fixed a$sets Tangible fixed assets are in￿"allY measured at cost and subsequentty measured at caist or valuab'on. net of deprecAation atxl any impaimient losses. Depreciation is recognised so as to write off the cost or Valuab.(￿ of assets kss their resKlual values over their useful lives on the followiThJ bases.. Freehokl land and buildings Plant and equipment Fixtures and fittiTrJs Computers Motor vehides 2% straighl line methLyJ 10% Stra￿h1 lirE rnethod 10% 5trayht line method 10% slrauht lire method 20% straight lire method The gain or bss arising on the disposal of an asset is deternined as Ihe differents between the sale prO￿ed$ and the carrying value of the asset. and 6 recognised in statement of finaThial actiwties. 1.7 Impairment of fixed a55ets Al each ￿POrts￿9 end dale. the charity review5 Ihe Ggrrying arnounts of its tsngible assets to cletemiine wheth&r there Is any indicatron that those assets have suffere 1.758.108 1219.3011 1.758.108 1219.3011 1.538,807 1,538,807 Unrestrictsd funds 2024 Restricted funds 2024 Totsl 2024 At 31 August 2024.. Tangible assets cu[￿nt assetsllliabilib'esl 859.526 162.731 228.695 1.088.221 162.731 1.022.257 228.695 1,250,952 18 Related party transactions Other than the Iwstee remureration disdosed in Note 8. there were no fijrlher related party transactions requiring disd05ure durirwJ the year. 19- GREEN ACADEMY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 19 Cash generated from operation5 2025 2024 Surplus for the year 287,855 243.346 Adjustments lor. Depreciation and impaimient of tsngille fixed assets 75,538 79.347 Movements In working capital: DeC￿aSe/llncrease} in debtor5 Increase in creditors 8.668 129.042 144,3651 131.721 Cash g•ntrrated from operations 501.103 410.049 Anatysis of changes in net funds The charity had no material debt during the year.