## **Hafs Academy Limited**
**Company limited by guarantee no. 07305161 Registered charity no. 1145330**
## **ACCOUNTS**
**For the year ended 31 March 2025**
**INDEPENDENT EXAMINER: SHARIQ ABDULLAH CA ABDULLAH AND ABDULLAH CHARTERED ACCOUNTANTS**
## **HAFS ACACEMY LIMITED**
**(Company limited by guarantee no. 07305161, registered charity no. 1145330)**
**Annual Report and Financial Statements for the year ended 31-Mar-2025**
## **CONTENTS**
||Page|
|---|---|
|Legal and adminstrative information|1|
|Trustees' report|2 - 4|
|Independent Examiner's report|5|
|Income and Expenditure Account|6|
|Balance Sheet|7|
|Notes to the financial statements|8 - 10|
**HAFS ACACEMY LIMITED**
## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY for the year ended 31-Mar-2025**
|Trustees|Muhammad Najmul Alam|
|---|---|
||Abdul Karim Haseeb|
||Mohammed Mobrur Ahmed|
|Directors|Muhammad Najmul Alam|
||Abdul Karim Haseeb|
|Company reg. no.|07305161|
|Charity reg. no.|1145330|
|Registered office|26 Maryland Road|
||Stratford|
||London|
||E15 1JW|
|Independent Examiner|Shariq Abdullah CA|
||Abdullah and Abdullah|
||Chartered Accountants|
|Bankers|Barclays Bank Plc|
||1 Churchill|
||Place|
||London|
||E14 5HP|
1
## **Trustees’ annual report (including Directors’ report) for the period**
**From: 1/4/2024**
**To 31/: 3/2025**
## **Charity name: HAFS ACADEMY TRUST**
**Charity registration number: 1145330**
**Company number: 07305161**
## **Objectives and activities**
||SORP reference||
|---|---|---|
|Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|_“Mission statement is "to empower and enable_
_the community in London and the surrounding_
_areas to achieve excellence in their duties and_
_advancement in educational, social, and religious_
_affairs”_|
|Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or services
identified in the accounts.|Para 1.17 and
1.19|To advance the education of children and adults
by the provision of formal and informal
educations.
To promote religious harmony of differing
background and traditions.
The relief of financial hardship, sickness and
distress
To provide or assist in the provision of facilities
for recreation and other leisure time occupation,
particularly for young people, in the interests of
social welfare.|
|Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|**YES**|
## **Achievements and performance**
|Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.|Para 1.20||During the period the Charity was involved in the
activities listed below in pursuit of these objects.
**Day Time School**
We are running this project with great
enthusiasm and received a very good response,
we currently have 74 students from age 11 to 16|
|---|---|---|---|
## **Financial review**
|**Financial review**|||
|---|---|---|
|Review of the charity’s
financial position at the end
of the period|Para 1.21|Our current year annual income is £528,000
which is mainly generated by fees received
from students and council grants.
Expenditure for the year is £631,000 which
is mainly driven by teaching costs|
|Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|**No reserves**|
|Amount of reserves held|Para 1.22|**N/A**|
|Reasons for holding zero
reserves|Para 1.22|We continue to invest in the growth of our
charity.|
|Details of fund materially in
deficit|Para 1.24|**No Deficit**|
|Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|**No uncertainties**|
## **Structure, governance and management**
|Description of charity’s
trusts:||The Charity was registered with the Charity
Commission
on
9
January
2012,
with
registered charitynumber 1145330.|
|---|---|---|
|Type of governing document:
for example, trust deed,
memorandum and articles of
association etc|Para 1.25|Hafs Academy is a company limited by
guarantee registered at UK Companies House
(07305161). The governing document of the
Charity is the Memorandum and Articles of
Association.|
|How is the charity
constituted?
for example limited company,
unincorporated association,
CIO|Para 1.25|A group of more than 100 influential cultural
and political leaders have joined the
Committee of Supporters for Hafs Academy
Trust to support the cause morally and
financially.
At the end of the period the following were
trustees of the Charity: Muhammad|
**----- Start of picture text -----**
Najmul Alam, Abdul Karim Haseeb
and Mohammed Mobrur Ahmed.
Trustee selection methods Para 1.25 New trustees are identified from a number of
including details of any sources. Prospective trustees are briefed on
constitutional provisions e.g. the nature and work of the organisation,
election to post or name of invited to meet the Board, and if the Board
any person or body entitled approves, are appointed at the next board
to appoint one or more meeting.
trustees
**----- End of picture text -----**
## **Reference and administrative details**
|Charity name|**HAFS ACADEMY TRUST**|
|---|---|
|Other name the charity uses||
|Registered charity number|**1145330**|
|Charity’s principal address|**26 MARYLAND ROAD, STRATFORD LONDON E15 1JW**|
**Names of the charity trustees who manage the charity**
|1
2
3|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year**|**Name of person (or body) entitled**
**to appoint trustee (if any)**|
|---|---|---|---|---|
||MR ABDUL KARIM
HASEEB|Director|||
||MR MUHAMMAD
NAJMUL ALAM|Director|||
||MR MOHAMMED
MOBRUR AHMED|N/A|APPOINTED ON 23
MAY 2023||
– Corporate trustees names of the directors at the date the report was approved
|**Director name**||
|---|---|
|**DIRECTOR 1**|**MUHAMMAD NAJMUL ALAM**|
|**DIRECTOR 2**|**ABDUL KARIM HASEEB**|
Name of trustees holding title to property belonging to the charity
|**Trustee name**|**Dates acted if not for whole year**|
|---|---|
|**N/A**|**N/A**|
**Funds held as custodian trustees on behalf of others**
|Description of the assets
held in this capacity|N/A|
|---|---|
|Name and objects of the
charity on whose behalf the
assets are held and how this
falls within the custodian
charity’s objects|N/A|
|Details of arrangements for
safe custody and
segregation of such assets
from the charity’s own assets|N/A|
## **Declarations**
**The company has taken advantage of the small companies’ exemption in preparing the report above.**
**The trustees declare that they have approved the trustees’ report (including directors’ report) above.**
**Signed on behalf of the charity’s trustees/directors**
**----- Start of picture text -----**
Signature(s)
Full name(s) Muhammad Najmul Alam
Position (for example Chair
Secretary, Chair, etc)
Date
18th December 2025
ee
**----- End of picture text -----**
## **Independent examiner’s report to the trustees of HAFS ACADEMY LIMITED**
I report on the accounts of the company for the year ended 31 March 2025, which are set out on pages 6 to 10.
## **Respective responsibilities of Trustees and Independent Examiner**
The trustees and the directors of HAFS ACADEMY LIMITED are responsible for the preparation of the accounts (for the purposes of company law). The trustees and the directors consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. The charity’s gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of Institute of Chartered Accountants of Scotland.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
- examine the accounts under section 145 of the 2011 Act
- to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act
- to state whether particular matters have come to my attention
## **Basis of independent examiner’s report**
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the next statement.
## **Independent examiner’s statement**
In connection with my examination, no material matters have come to my attention which gives me reasonable cause to believe that in, any material respect:
- accounting records were not kept in accordance with section 386 of the Companies Act 2006; or
- the accounts do not accord with such records; or
- the accounts do not comply with relevant accounting requirements under section 396 of the Companies Act 2006 other than any requirement that the accounts give a “true and fair” view which is not a matter considered as part of an independent examination; or
- the accounts have not been prepared in accordance with the Charities Statement of Recommended Practice - SORP (FRS 102)
I have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. GosHlllay,
Shariq Abdullah CA
Institute of Chartered Accountants of Scotland
Abdullah and Abdullah Chartered Accountants 6 Medway Drive, Perivale, UB6 8LN Date: 18[th] December 2025
5
## **HAFS ACADEMY LTD Income and Expenditure Account for the year ended 31-Mar-2025**
|_Note_
Sales
_9_
Cost of Sales
_10_
**Gross Profit**
Administrative Expenses
_11_
**Operating profit / (loss)**
Interest payable
_12_
**Profit/(loss) on ordinary activities before taxation**
Tax on profit on ordinary activities
**Profit/(loss) for the financial year**|**2025**
**£**
527,522
(431,934)
**95,588**
(186,195)
**(90,607)**
(12,980)
**(103,587)**
-
**(103,587)**|**2024**
**£**
525,943
(309,641)
**216,302**
(136,528)
**79,774**
(1,250)
**78,524**
-
**78,524**|
|---|---|---|
## **HAFS ACADEMY LTD**
**Balance Sheet as at 31-Mar-2025**
|**Balance Sheet**
**as at 31-Mar-2025**||||
|---|---|---|---|
|||**2025**|**2024**|
||**_Notes_**|**£**|**£**|
|**Fixed Assets**||||
|Tangible Assets|_4_|960,506|2,533|
|**Current Assets**||||
|Cash at bank and in hand||22,944|5,746|
|Deposits and Other Receivables|_5_|-|166,747|
|**Creditors: amounts falling due within one year**|_6_|(157,658)|(12,794)|
|**Total assets less current liabilities**||825,792|162,232|
|**Creditors: amounts falling due after more than one year**|_7_|(912,227)|(145,080)|
|**Net Liabilities**||**(86,435)**|**17,152**|
|**Capital and reserves**||||
|Profit and loss account|_8_|(86,435)|17,152|
|**Shareholders' funds**||**(86,435)**|**17,152**|
The trustees and the directors are satisfied that for the year ending 31 March 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the microentity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
## **HAFS ACADEMY LTD Notes to the Financial Statements for the year ended 31-Mar-2025**
## **1. ACCOUNTING POLICIES**
## **Basis of preparation of financial statements**
The financial statements have been prepared under the historical cost convention, applicable accounting standards and the Financial Reporting Standard for Smaller Entities (effective January 2015). Accounting and Reporting by Charities - Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard for Smaller Entities (the FRSSE) (effective 1 January 2015) and in accordance with the Companies Act 2006.
## **Fund Accounting**
The General Fund is unrestricted and available for use at the discretion of the Trustees in furtherance of the general objects of the Charity and which have not been designated for other purposes.
Restricted funds are funds that are to be used in accordance with specific restrictions imposed by donors, which have been raised by the Charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. Statutory grants which are given as contributions towards the Charity's core services are treated as unrestricted.
## **Incoming resources**
All incoming resources are included in the Statement of Financial Activities when the Charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Income tax recoverable in relation to investment income or Gift Aid donations is recognised at the time the relevant income in receivable.
## **Resources expended**
All expenditure is accounted for gross and when incurred.
8
## **HAFS ACADEMY LTD Notes to the Financial Statements for the year ended 31-Mar-2025**
|**2 Operating profit**
This is stated after charging:
Depreciation of owned fixed assets
**4 Tangible Fixed Assets**
Cost: Opening Balance
Additions
**Closing Balance**
**Accumulated Depreciation**
Opening Balance
Charge for the year
**Closing Balance**
**Buildings**
Cost: Opening Balance
Additions
**Closing Balance**
**Accumulated Depreciation**
Opening Balance
Charge for the year
**Closing Balance**
**Net Book Value**
**5 Deposits and Other Receivable**
**Deposit**
Rent Deposit
Building Deposit
**Other Receivable**
Lease prepayments
**6 Creditors: amounts falling due within one year**
Bank Loans
AL-Khair Foundation Loan Payable
Other creditors
**7 Creditors: amounts falling due after more than one year**
Bank Loans
AL-Khair Foundation Loan Payable
Other creditors
**8 Profit & Loss Account**
Opening balance
Profit/(loss) for the year
**Closing balance**||**2025**
**£**
507
31,659
-
**31,659**
29,126
507
**29,633**
-
958,480
**958,480**
-
-
**-**
**960,506**
-
-
-
**-**
10,000
125,971
21,687
**157,658**
5,737
820,282
86,208
**912,227**
17,152
(103,587)
**(86,435)**||**2024**
**£**
633
31,659
-
**31,659**
28,493
633
**29,126**
-
-
**-**
-
-
**-**
**2,533**
3,833
100,000
62,914
**166,747**
10,000
-
2,794
**12,794**
14,976
-
130,104
**145,080**
(61,372)
78,524
**17,152**|
|---|---|---|---|---|
9
## **HAFS ACADEMY LTD**
## **Detailed Income and Expenditure account for the year ended 31-Mar-2025**
|**9 Sales**
Donations
Fees Received
Local authority grants
DWP Grant
Other income
JRS Grant income
**10 Cost of sales**
**Other direct costs**
School activities
Resources
Funfair expense
Staff verification
Wages
Community Food bank
NI Expense
Regulator
**11 Administration Expenses**
Rent
Rates
Staff DBS Checks
Consultancy fees
Storage
Repairs & maintenance
Gas & electricity / Light & heat
Insurance
Lease Expense
Depreciation
Stationery & Printing
Bank charges
Subscriptions
Sundry
Software
Small Equipment
School Trip
Telephone & Fax
Travel
Waste Collection
Water Charges
Postage
Security Charges
Solicitors Fees
Internet
**12 Interest Payable**
Interest Expense||**2025**
**£**
81,122
347,365
97,035
-
2,000
-
**527,522**
**431,934**
4,325
6,111
184
-
369,199
45,676
3,044
3,395
**431,934**
82,244
5,329
618
600
1,300
13,325
11,443
2,209
50,724
507
2,248
1,707
625
-
2,380
5,055
-
174
384
660
2,173
99
420
1,558
414
**186,195**
**12,980**|**2024**
**£**
139,447
286,114
100,383
-
-
-
**525,943**
**309,641**
6,345
12,213
4,962
-
221,975
62,674
-
1,472
**309,641**
75,500
7,996
139
2,520
688
9,183
10,746
1,276
13,077
633
5,101
2,091
461
377
2,223
138
1,036
1,080
-
591
1,390
-
-
-
281
**136,528**
**1,250**|
|---|---|---|---|
10