AFAK COMPANY LIMITED BY GUARANTEE TRUSTEES, REPORT & FINANCIAL STATEME]%T FOR THE YEAR ENDED 30TH JUNE 2025 COMPANY REGISTRATION NO: 09645339 CHARITY REGISTRATION NO: 1173220
AFAK CONTENTS Page Directors / Trustees Trustee's Report Independent Review ststement of financial activities Balanc¢ Sheet Notes to the accounts
AFAK DIRECTORS I TRUSTEES AND PROFESSIONAL ADVISORS DIRECTORS I TRUSTEES: MRS AMAL FANOUSH MRS FARZANA EIUSSAIN MRS LIELA AHMED MRS HAFIDA RABIA MRS NADJOUA DAHMANI MRS NAWALNURI F,I.I,-AL,AH CHAIRPERSON: MRS AMAL FANOUSH BUSINESS ADDRESS: 7 LARCH GARDENS MANCHESTER M8 8BJ BANKERS: HSBC THORNCLIFFE HOUSE 348-350 OXFORD ROAD MANCHESTER M13 9NG ACCOUNTANTS: ZAHEER AND COMPANY 63 KINGSWAY BURNAGE MANCHESTER M19 2LL Page I
TRUSTEE'S REPORT AFAK 2024-25 th The trustees present their annual report and unaudited financial statements for the year ended 30 June 2025 and confirm they comply with the Charities Act 2011, the trust deed and the Charities SORP requirements. STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng Document AFAK is a limited company constituted as a charity and registered with the Charity Commi: slc n on ?()" May 2017 under charity number 1173220. It is governed by a company structure with ni(Im)rand:,m and artlcles incorporated in 2015 company number 09645339. Organlzatlonal Structure The directors are the charity trustees and are responslble for the general control and m2r ag2men1 (>f the charity. The trustees give their time freely and unless approved by the Boarij receive Ilc remuneration. The trustees meet together and are responslble for decisions taken in relation to activities provided by the charity. Recrultment and Appolntment of Trustees The exSstlng trustees are responslble for the recruitment and appointment of new truste Js Rlsk Management The trustees assess the risks the charity faces on an ongoing basis and manage them thri)ughout the year. The charity Is new and the trustees will put in place F)olicies and procedures as need(.d 10 ensiire that rlsks are reduced. OBJECTIVES AND ACTIVITIES Th chari ares ific 11 restri dtot foll win To Advance the Islamic religion in accordance with the teaching of the Holy Quran and Sunnah of the Prophet Mohammed IPBUH). "AFAK" aims to provide Social, Cultural and Islamic Educatlonal support for the public iii anj aroL,I Manchester, whatever their cultural or background may be. Our airn Is to promote understanding between communities of different races and faiths and promi)te facilitiesthat provide forsocial and educational development of Muslims within the wider community. We believe a development of faith with social Services through educatlon and training comhined ii'il, help build a strong, peaceful local community that is confident enough to engage with 3nd mak," a positive contribution to wider society. We believe our activities are helping this commur,ty development process and delivering public benefit.
FINANCIAL REVIEW Reserves pollcy The trustees have reviewed the reserves of the charlty. Their policy is to hold enough fu',Ids to mt)et three months operating costs of the Centre. sTATEMEr OF TRUSTEES. RESPONSIBILITIES The charity trustees are responsible for preparing an annual report and financial statements in accordance wlth applicable law and United Kin8dom Accounting Standards {United Kingdom Generally Accepted Accounting Practice). The law appllcable to charlties in England and Wales requlres the charity trustees to prep,Ire finani:, statements for each year which give a true and fairview of the state of affairs of the charit¥ and of1 ie incomin8 resources and application of resources of the charity for that period. In preparing tle financial statements, the trustees are required to: Select suitable accounting policies and then apply them consistently; observe the Inetlioos 017¢ prlnciples in the Charlties SORP; Make judgements and estimates that are reasonable and prudent; state whether applicaDle accounting standards have been followed, subject to any material departures disclosed and explained Sn the financial statements. Prepare the financial statements on the going concern basi,. unless i: is Inappropriate to presume that the charlty wlll continue in buslness. The trustees are responsible for keeping proper accountin8 records that disclose with reasona?le accuracy at any time the financlal posltion of the charlty and to enable them to ensure that the financial statements comply with the Charities Act 2011, and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence takin8 reasonalile steps lor the prevention and detection of fraud and other irregularities. The trustees for the purposes of charity law who served during the year and up to the date of tliis report are set out on page l. Approved by the trustees and si8ned on its behalf by: Mrs Amal Fanoush Date: 2410312026 Pag? 3
NDEPENDENT E MINER'S RT THE TRUSTEE OFAF I report on the accounts of the AFAK, registered charity number 1173220 for the accounts year ended 30th June 2025 set out on pages 3 to 6. RESPE NSIBILITIES O TEE AND EXAMINER The charity's trustees are responsible for the preparation for the accounts in accordance M ith tF£' uii enit'ni :,I' the Charities Act 2011 ("the Act"). The charitgs trustees consider that an audit is not reqUIrd i (Ir th % liar (under section 43(2) of the Charities Act 1993 (the 1993 Act) and that an independenl exaniintiliOlI .s needed. It is my responsibility to: examine the accounts (under section 145 of the 201 l Act) to follow the procedures laid down in the General Directions given by the ("harii)' (' (Ini r iss i)n (under section 145(5Xb) of the Act). and in accordance FRS I O? S()RP to state whether particular matters have come to my attention. REP My examination was carried out in a¢¢ordance with the General Directions given b). t1e Charil Commission¢rs. An examination includes th¢ accounting record5 kept by the ¢harit> and a Loiiiiiari¢ Jn of the accounts presented with those records. It also includes consideration of any unusual iten)% or disclosures in the accounts and seeking explanations from you as trustees concerning any such 7nattrs. The procedures undertaken do not provide all the evidence that would k required in an audit. and ¢onsequently I do not express an audit opinion on th¢ view given by the accounts. ND TA In connection with our examination, no matter has come to my attention. ( l) which gives me reasonable u8¢ to believe that in any material respect the requiremeiiis . to keep accounting records in accordance with se¢tion 41 of the Act; and . to prepare accounts which accord with thc aoUnting records and to comply with the accounting requirements of the Act have not been met. or (2) to which, in my opinion, attention should k drawn in order to enable a proper undersi&ndii'¥ of th¢ accounts to be reached. Mr. FArroukh Zaheer (FCCA) ZY4h¢er and Company Chartered Certified Accountants Piige 4
RECEIPTS AND EXPENDITURES ACCOUNT FOR THE YEAR ENDED 3010612025 Notes 2024-25 2023-24 Un-restrld¢d Restricted Endowmen Totsl INCOME AND ENDOWMENTS Funds Funds Funds DONATIONS AND LEGACIES INCOME FROM CHARITABLE ACTIVITIES COURSE FEE BOOK SALES SPONSORSHIP 5.701 37,074 278 52 37.074 278 41. 1114 LESS: EXPE]4DITURE EXPENDITURE ON RAISING FIJNDS EXPENDITURE ON CHARITABLF. ACTIVITIES 40.954 4 1.gi4 TOTAL EXPENDITURE 40.954 41,647 NET INCOME I EXPENDITURE 2.151 BALANCE BROUGHT FORWARD 9.117 9.117 9.4•S BALANCE CARRIED FORWARD 11.268 9.117 I approv¢ these &c¢ounts and ¢onfirn] that the trustees have made availabl¢ all the informalion and Lxplanations for IhLir p.p.11.JIIL III. Signcd.. Chairwsi)n D¢. 24/03/2026 P¥i¥iL 5
AFAK
BAL4JCE SHEET
AS AT 30TH JI'NE 2025
Notss
21124-25
202>24
RENT A
Cash at bank And in hond
12.148
9.883
12.148
i).%xi
ILITI
Creditors
Accal&
881
881
",66
NET CURREKf ASSE'rs
11.267
9.117
NET ASSETS
9,117
Ilund8 bri)uhi11(irnyftl
9,117
Income of rec¢ipts over exp¢nditur¢ for the ycllr
2.151
11.268
Ilur thc I'¢Ar L'ndin% 30th June 2(lJ? th¢ ciimpany ¢ntitled to cx¢mpti
AFAK OTES TO THE ACCOITYrs FOR THE YEAR ENDED 301116ll112S 24- INCOME AIYD ENDOWME.YTS 5,701 37,074 278 52 5.701 37.074 278 52 C¢Jurse Fee Book Sales Sponsorship 40.164 134 43.105 43.IUS ACCoU1NG POLICIES Tr accounts have been prepared on the decrlS bR5is. under the historical cost convention. and in acci)rdance with R¢¢nMend¢d A¢¢ountin8 Practi¢e 2015,. IFRS 102 SORPI. and in acLx>rdanc¢ with pll appliLablL lom iii Ih¥ Ch1115 jurisdiction ol'resislration, exeept that the charity has PTepaT¢d the firtanciil 8IAtemLnl8 Iii occi)r¢J£in('L IVitI? th¢ FRSSF SORP 2015 in preference to the previous SORP. the SORP 21105, th1¢h has been ivithdraw"n. otwith$tgndin8 the rt that the eKtartl st&tutory re8uIAtions, the Chorities (Accounts &nd Rew¢sl Re8ul81ions 21)111 refer cxplicitly to the SORP 2005. This has been done to COrd with current best pra¢¢i¢e, ID¢ome Income and expenses are aecounted on a r¢c¢ip¢ b&8ii. The charity is mainly dependent on eoniinuing (lori8110ThS And as a consequence the Boin8 con¢¢rn b4815 is &150 dependent on th¢ ¢¢mtinuin8 of donations. All trustees provide their 5ervitts io the ¢h8riry tk¢e of chBrge without any remun¢ration. Acliviti¢s AcctyJnthncy fees Bank Char8e5 Student Activitiey 1.738 1,738 1.443 98 SUPPORT COSTS.. Renl T¢lephon¢ gnd Int¢rn¢t Wascs Repairs & Maintenw¢¢ Subscription (kS Priniin& Postage. and Stationery Sundry 5,700 5.7(Ml 77 32.176 32.176 40 412 623 549 10 623 549 10 %u 40.Y54 41.047 Pa¥L 7
202&2 2023-24 C&sh in hand Bank 8¢COUnt 1.455 10.693 12.148 REDI Ac¢ountonis' ftts Other L'rediiors l.U16 881 707 U•-rutrl¢ted Re8trlcted Funds Funds TO'I'AL 'rr)i'.IL ONing Funds u at 01107n024 9.117 9.117 Net ineomelexpenditure 2.151 Closin8 Funds as 30106n025 l approve these unts ond confirm that the Irustees have made 8v&il&ble oll the infomiation and LpIOnlIen fi>r Ihlir I rL'rii Alio ) Signed.. ChnIrF0n 24/0312026 Pui,¢ 11