Registered number 08568677 Charity Number 1165618
## Alifya Education Ltd
Report of the Trustees and Unaudited Financial Statements for the Year Ended 31st August 2024
## **Alifya Education Ltd Report and accounts Contents**
||**Page**|
|---|---|
|Company information|1|
|Trustees report|2-3|
|Accountants' report|4|
|Profit and loss account|5|
|Balance sheet|6|
|Notes to the accounts|7-13|
## **Alifya Education Ltd Company Information**
## **Trustees**
Abdirisaq Mohamed Farah Yazmin Elizabeth Hussain Amal Dahir Tukale Abdifitah Hersi Gutale Mahamed Abdi Sharib
## **Accountants**
Dynamic Accountants Ltd 1st Floor (Front), Duru House 101 Commercial Road London E1 1RD
## **Bankers**
Barclays Bank PLC
## **Registered office**
Unit F5 1st Floor, Lilford Business Centre 61 Lilford Road, Camberwell London SE5 9HY
**Registered number** 08568677
## **Charity Number**
1165618
Page 1
## **Alifya Education Ltd Report of the trustees for the year ended 31 August 2024**
The trustees, who are also directors of the charity for the purpose of the Companies Act, present their annual report and financial statements for the year ended 31 August 2024. The charity has to comply with both Companies Act 2006 and the Statement of Recommended Practice (SORP).
## **Reference and administrative details**
Legal and administrative information has been disclosed in a separate page.
## **Structure, Governance and Management**
Governing document
Alifya Education is a company limited by guarantee and is governed by its
Memorandum and Articles of Association. It is registered as a charity with the Charity Commission. **Objects of the charity, principal activities and organisation of our work**
a) The advancement of education for children who are disadvantaged by reason of coming from immigrant communities by the provision of supplementary education b) To advance the education of the public in the following subjects languages, in particular the Somali and Arabic languages, information technology, literacy and numeracy
The charity is organised so that the trustees meet regularly to manage its affairs.
## **Transaction and financial position**
The Statement of Financial Activities shows net loss over income of £6,188.00 for the year.
## **Risk Management**
The trustees have a risk management strategy which comprises:
Particular attention has focused on non-financial risks arising from fire, health and safety, and food hygiene. A key element in the management of financial risk is the setting of a reserves policy and its (a) Select suitable accounting policies and then apply them consistently;
- (b) Make judgements and estimates that are reasonable and prudent;
(c) State whether the policies adopted are in accordance with the Companies Act 2006 and with applicable accounting standards and statement of recommended practice, subject to any (d) Prepare the financial statements on a going concern basis unless it is inappropriate to assume that the charity will continue in operation.
Page 2-3
The trustees/directors are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
## **Accountants**
A resolution proposing Dynamic Accountants Ltd is re-appointed as accountants of the charity will be put to the Annual General Meeting.
This report was approved by the board of directors and trustees on 5 August 2025 and signed on its behalf.
Abdirisaq Mohamed Farah Trustee
Page 2-3
## **Alifya Education Ltd**
## **Report to the directors on the preparation of the unaudited statutory accounts of Alifya Education Ltd for the year ended 31 August 2024**
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Alifya Education Ltd for the year ended 31 August 2024 which comprise of the Income & Expenditure account, the Balance Sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com/
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163.
Dynamic Accountants Ltd Assoication of Chartered Certified Accountants 1st Floor (Front), Duru House 101 Commercial Road London E1 1RD
05 August 2025
Page 4
## **ALIFYA EDUCATION LTD Statement of financial activities**
(incorporating an income and expenditure account)
## **For the year ended 31 August 2024**
|**Note**
**Income from:**
Donations and legacies
**3**
Govt. grants
**2**
Investment income
**5**
Other income
**2**
**Total income**
**Expenditure on:**
Charitable activities
**6**
**Total expenditure**
**Net income / (expenditure) for the year**
**Transfer between funds**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**£**
-
-
-
258,877
258,877
265,065
265,065
(6,188)
-
(6,188)
38,382
32,194|**Restricted**
**£**
-
-
-
**-**
-
**-**
-
-
-
-
-|**2024**
**Total**
**£**
-
-
-
258,877
258,877
265,065
265,065
(6,188)
-
(6,188)
38,382
32,194|2023
Total
£
-
3,120
-
195,756|
|---|---|---|---|---|
|||||198,876|
|||||175,580|
|||||175,580|
|||||23,296
-|
|||||23,296
18,206|
|||||41,502|
All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. The attached notes form part of these financial statements.
Page 5
**ALIFYA EDUCATION LTD**
**Balance sheet As at 31 August 2024**
|**Note**
**Fixed assets:**
**10**
**Liabilities:**
**12**
**13**
**15**
Total unrestricted funds
**Funds**
General funds
**Total funds**
Creditors: amounts falling due after one year
Tangible assets
Cash at bank and in hand
Creditors: amounts falling due within one year
**Net current assets / (liabilities)**
**Total assets less current liabilities**
**Total net assets / (liabilities)**
Debtor|**2024**
**£**
**7,600**
**36,825**|**2024**
2023
**£**
£
**2,109**
7,600
32,942
40,542
(4,423)
**30,085**
**32,194**
**-**
**32,194**
38,382
**32,194**
**32,194**|2023
£
2,263
36,119|
|---|---|---|---|
||**44,425**
**(14,340)**|||
||**32,194**|||
||||38,382
-|
||||38,382|
||||38,382|
|||||
||||38,382|
The financial statements have been prepared in accordance with the special provisions for small companies under Part15 of the Companies Act 2006.
Approved by the trustees on 05/08/2025
and signed on their behalf by:
## **Abdirisaq Mohamed Farah**
## **Company registration no. 08568677**
The attached notes form part of the financial statements.
Page 6
**ALIFYA EDUCATION LTD Notes to the financial statements For the year ended 31 August 2024**
## **1 Accounting policies**
## **Basis of preparing the financial statements**
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain assets.
## **Going concern**
The trustees consider that there are no material uncertainties about the charitable company's ability to continue as a going concern.
## **Income**
Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred. Income received in advance for the provision of specified service is deferred until the criteria for income recognition are met.
## **Interest receivable**
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.
## **Fund accounting**
Unrestricted funds are available to spend on activities that further any of the purposes of charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity’s work or for specific projects being undertaken by the charity.
## **Expenditure and irrecoverable VAT**
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:
- Costs of raising funds comprise of trading costs and the costs incurred by the charitable company in inducing third parties to make voluntary contributions to it, as well as the cost of any activities with a fundraising purpose.
-
Expenditure on charitable activities includes the costs of delivering services, exhibitions and other educational activities undertaken to further the purposes of the charity and their associated support costs. ● Other expenditure represents those items not falling into any other heading. Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
## **Allocation of support costs**
Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, finance, personnel, payroll and governance costs which support the Trusts artistic programmes and activities. These costs have been allocated between cost of raising funds and expenditure on charitable activities. The bases on which support costs have been allocated are set out in note 7.
Page 7-8
**ALIFYA EDUCATION LTD Notes to the financial statements For the year ended 31 August 2024**
## **1 Accounting policies (continued) Tangible fixed assets**
Fixed assets held on the General Fund are stated at cost less accumulated depreciation. The costs of minor additions or those costing below £500 are not capitalised. Depreciation is provided at rates calculated to write off the cost of each asset over its expected useful life, which is estimated at 5 years .
- ˜ Fixtures and fittings
33% Reducing Balance
## **Operating leases**
Rental charges are charged on a straight line basis over the term of the lease.
## **Debtors**
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **Cash at bank and in hand**
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## **Creditors and provisions**
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
## **Pensions**
The charity operates a workplace pension scheme (NEST) for its employees. The company makes a contribution of 3% of gross pensionable salary to a NEST pension scheme for any members of staff who wish to take this up. The charge represents the amounts payable in respect of the year.
Page 7-8
**ALIFYA EDUCATION LTD Notes to the financial statements For the year ended 31 August 2024**
|**2**
**Detailed comparatives for the statement of financial**
**Income from:**
Govt. grants
Donations and legacies
Other income
**Total income**
**Expenditure on:**
Raising funds
Charitable activities:
Cost of Charitable activities
**Total expenditure**
**Net income / (expenditure) for the year**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**
**3**
**Income from donations and legacies**
Religious tuition
**4**
**Income from charitable activities**
Carer service & other tuition activities
**Total income from charitable activities**
**5**
**Income from investments**
Bank interest|**activities**
**2024**
£
-
-
258,877
**258,877**
-
265,065
**265,065**
**- 6,188**
**6,188**
**-**
38,382
**32,194**
**2024**
£
-
-
**2024**
Unrestricted
£
258,877
258,877
**2024**
Unrestricted
£
-
-
Unrestricted
**Unrestricted**|**2024**
£
-
-
-
**-**
-
-
**-**
**-**
**-**
-
**-**
**2024**
£
-
-
**2024**
£
-
-
**2024**
£
-
-
Restricted
Restricted
Restricted
**Restricted**|**2024**
£
-
-
258,877
**258,877**
-
-
265,065
**265,065**
(6,188)
**6,188**
**-**
38,382
**32,194**
**2024**
**Total**
**£**
**-**
**-**
**2024**
**Total**
**£**
**258,877**
258,877
**2024**
**Total**
**£**
**-**
**-**
**Total**|2023
Total
£
-
**-**
195,756|
|---|---|---|---|---|
|||||**195,756**|
|||||**-**
175,580|
|||||**175,580**|
|||||**20,176**|
|||||**20,176**
**18,206**|
|||||**38,382**|
|||||**2023**
Total
£
-|
|||||-|
|||||2023
Total
£
195,756|
|||||195,756|
|||||2023
Total
£
-|
|||||-|
Page 9
**ALIFYA EDUCATION LTD Notes to the financial statements For the year ended 31 August 2024**
## **6 Analysis of expenditure**
|Basis of
allocation
Staff cost
Direct
Consultancy, legal & professional
Direct
Depreciation
Direct
Activity Expenses
Direct
Premises cost
Direct
Administrative & finance
Direct
Accountancy fees
Direct
Trustee expenses
Direct
Fundraising
Direct
Support costs
Governance costs
**Total expenditure 2024**
Total expenditure 2023|£
-
-
-
-
Cost of raising
funds|Charitable activities|Charitable activities|Support
costs
£
75,621
4,609
-|£
1,200
-
Governance
costs|**2024**
**Total**
**£**|2023
Total
£
48,448
2,244
1,115
71,445
46,292
4,836
1,200
-
-|
|---|---|---|---|---|---|---|---|
|||Unrestricted
£
72,578
4,239
1,039
105,780|Restricted
£
-
-
-
-|||||
|||||||**72,578**
**4,239**
**1,039**
**105,780**
**75,621**
**4,609**
**1,200**
**-**||
|||||||||
|||||||||
||-|183,635|-|80,229|1,200|265,065|175,580|
||-
-|80,229.15
1,200|-
-|||**-**
**-**|-
-|
|||||(80,229)||||
|||||||||
||||||(1,200)|||
|||||||||
|||||||||
||**-**|**265,065**|**-**|**-**|**-**|**265,065**|175,580|
|||||||||
|||||||||
||-|175,580|-|-|-|175,580||
Page 10
**ALIFYA EDUCATION LTD Notes to the financial statements**
**For the year ended 31 August 2024**
## **7 Net income / (expenditure) for the year**
## **8**
|**Net income / (expenditure) for the year**|||
|---|---|---|
|**2024**
**£**
Depreciation
**1,039**
**Analysis of staff costs, trustee remuneration and expenses, and the cost of key management personnel**
Staff costs were as follows:
**2024**
**£**
Salaries and wages
**71,206**
Social security costs
**1,092**
Employer’s contribution to defined contribution pension schemes
**280**
**72,578**|**2024**
**£**
**1,039**|2023
£
1,115|
|||2023
£
51,011
-
749|
||**72,578**|51,760|
During the year Abdirisaq Mohamed Farah, one of the trustees received remuneration of £37,144.96. A total of £0 (2023: £0) has been paid to memembers of the management committee in reimbursement of expenses and training costs incurred in their duties. No trustees or other person related to the charity had any personal interest in any contract or transaction entered into by the charity during the year (2022: nil).
## **Staff numbers**
The average number of employees (head count based on number of staff employed) during the year was as follows:
|Managerial and office staff
Counselling, advice and information|**2024**
**No.**
**1**
**6**|2023
No.
1
3|
|---|---|---|
||**7**|4|
No employees received emoluments of more than £60,000
## **9 Taxation**
The charitable company is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.
Page 11-13
**ALIFYA EDUCATION LTD Notes to the financial statements For the year ended 31 August 2024**
|**10**
**Tangible fixed assets**
**Cost**
At the start of the year
Additions in year
At the end of the year
**Depreciation**
At the start of the year
Charge for the year
At the end of the year
**Net book value**
**At the end of the year**
At the start of the year
All of the above assets are used for charitable purposes.
**11**
**Debtors**
Other debtors
Prepayments
Accrued income
**12**
**Creditors: amounts falling due within one year**
Taxation and social security
Other creditors
Pension Control Account
Accruals
Deferred income|£
8,800
884
Fixtures,
fittings &
equipment|£
-
Computer
equipment|**2024**
**Total**
**£**|2,023
Total
£
8,800
-|
|---|---|---|---|---|
||||**8,800**
**884**||
||9,684|-|**9,684**|**8,800**|
||6,537
1,039|-
-||6,537
-|
||||**6,537**||
||||**1,039**||
||7,576|-|**7,576**|**6,537**|
||||||
||**2,109**|**-**|**2,109**|**2,263**|
||||||
||2,109|-|2,109|2,263|
||||**2024**
**£**
**-**
**7,600**
**-**|2023
£
-
7,600
-|
||||**7,600**|7,600|
||||**2024**
**£**
**13,211**
**35**
**164**
**930**
**-**|**2023**
£
**3,385**
**-**
**108**
930
-|
||||**14,340**|4,423|
## **13 Pension scheme**
The charity operates a workplace pension scheme (NEST) for its employees. The company makes a contribution of 3% of gross pensionable salary to a pension scheme for any members of who wish to take this up. The charge represents the amount payable in respect of the year.
Page 11-13
**Notes to the financial statements**
## **ALIFYA EDUCATION LTD**
**For the year ended 31 August 2024**
## **14 Analysis of net assets between funds**
|**14**
**Analysis of net assets between funds**||||||
|---|---|---|---|---|---|
|Tangible fixed assets
Current assets
Current liabilities
Long term liabilities
**Net assets at the end of the year**
**15**
**Movements in funds**
**General funds**
**Total unrestricted funds**
**Total funds**|General
unrestricted
£
2,109
44,424
(14,340)
-|Designated
£
-
-
-
-|Restricted
£
-
-
-
-|**Total**
**funds 2024**
£
2,109
44,424
(14,340)
-|**Total funds**
**2023**
**£**
**2,263**
**30,085**
**(3,493)**
**-**|
||**32,193**|**-**|**-**|**32,193**|**28,855**|
||£
38,382
At the start of
the year|£
258,877
Incoming
resources &
gains|£
265,065
Outgoing
resources &
losses|£
32,194
**At the end of**
**the year**
**2024**|**£**
**At the end of**
**the year**
**2023**|
||||||**38,382**|
|||||||
||**38,382**|**258,877**|**265,065**|**32,194**|**38,382**|
|||||||
||**38,382**|**258,877**|**265,065**|**32,194**|**38,382**|
## **16 Related party transactions**
During the year Abdirisaq Mohamed Farah, one of the trustees received remuneration of £37,144.96, No trustees other then Mr Farah or other person related to the charity had any personal interest in any contract or transaction entered by the charity during the year. (2023: £31,200.00).
There are no donations from related parties which are outside the normal course of business and no restricted donations from related parties.
Page 11-13