FARAN ACADEMY CHAftrrABLE TRUST Charity No. 1196552 Trustees, Report and Unaudited Accounts 31 August 2025 Printed by BoltPDF Icl NCH SoftTATare. Free for non-COJDrnerciaL use only. FARAN ACADEMY CHARITABLE TRUST Contents Pages Trustees, Annual Report Statement of Financial Activities 8alance Sheet Statement of Cash flows Notes to the Accounts 6t09 Detailed Statement of Financial Activities Ioto Printed by BoltPDF Icl NCH SoftTATare. Free for non-COJDrnerciaL use only. FARAN ACADEMY CHARITABLE TRUST Trustees Annual Report The trustees present their report with the unaudited financial ststements of the charity for the year ended 31 August 2025. REFERENCE AND ADMINISTRATIVE DETAILS Charity No. 1196552 Trustees The following trustees served during the year: 1. BELIM A. LIMBADA H. LIMBADA I. LIMBADA Accountants 5G ACCOUNTANCY SERVICES LTD 296 GARSTANG ROAD PRESTON LANCASHIRE PR2 9RX Statement of tru5tees' responsibilities in relation to the financial statements The charity trustees are responsible for preparing a trustees, annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011. the applicable Charities (Accounts and Reports) Regulations. and the provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and herbce taking reasonable steps for the prevention and detection of fraud and other irregularities. Signed on behalf of the charity's trustees H. LIMBADA Trustee 23 December 2025 Printed by BoltPDF Icl NCH SoftTATare. Free for non-COJDrnerciaL use only. FARAN ACADEMY CHARITABLE TRUST Statement of Financial Artivitie5 for the year ended 31 August 2025 Unrestricted funds Total funds Total funds 2025 2025 2024 Notes Income and endowments from: Donation5 and legacie5 35,530 35,530 26,036 Total 35,530 35,530 26,036 Expendlture on: Charitable activities Other 32,406 1,266 32,406 1,266 25,836 Total 33,672 33,672 25,836 Net gains on investments Net income 1,858 1,858 200 Transfers between funds Net income before other gains111055es) 1.858 1,858 200 Other gains and losses Net movement in funds 1,858 1,858 200 Reconciliation of funds: Total funds brought forward 878 878 678 Total funds carried forward 2,736 2,736 878 Printed by BoltPDF Icl NCH SoftTATare. Free for non-COJDrnerciaL use only. FARAN ACADEMY CHARITABLE TRUST Balance Sheet at 31 August 2025 Charity No. 1196552 2025 Current assets Cash atbankand in hand 2,736 2,736 2,736 878 878 Net current assets 878 Total assets less current liabilities 2,736 878 Net assets excluding pension asset or liabllity 2.736 878 Total net assets 2,736 878 The funds of the charity Restrirted funds Unrestricted funds General funds 2,736 878 2,736 878 Reserve5 Total funds 2,736 878 Approved by the trustees on 31 August 2025 And signed on their behalf by: H. LIMBADA Trustee 23 December 2025 Printed by BoltPDF Icl NCH SoftTATare. Free for non-COJDrnerciaL use only. FARAN ACADEMY CHARITABLE TRUST Notes to the Accounts for the year ended 31 August 2025 l Accounting policies Basis of preparation The finarncial statements have been prepared in accordance with Statement of Recommended Practice- Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic rf Ireland IFRS 1021 issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021 and the Charities Act 2011. Change in basis of accounting or to previous accounts There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years. Fund accounting Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the tharity. These are unrestricted funds earmarked by the trustees for particular purposes. These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values. These are available for use subjett to restrictions imposed by the donor or through terms of an appeal. Designated funds Revaluation funds Restricted funds Income Recognition of income Income is included in the Statement of Financial Activities ISOFAI when the charity becomes entitled to. and virtually certain to receNe, the income and the amount of the income can be measured with sufficient reliability- Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SOF Donations and legacies Volvntary income received by way of grants, donations and gifts is included in the the SOFA when receivable and only when the Charity has unconditional entitlement to the income. Tax reclaims on Income from tax reclaims is included in the SOFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and rnaterial. Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/llos5esl on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gainslllossesl on investment assets This includes any gain or loss on the sale of investments. Printed by BoltPDF Icl NCH SoftTATare. Free for non-COJDrnerciaL use only. FARAN ACADEMY CHARITABLE TRUST Notes to the Accounts Expenditure Recognition of expenditure Expenditure is recognised on an accruals basis. Expenditure includes any VAT which cannot be fully recovered. and is reported as part of the expenditure to which it relates. Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities servites in the furtherance of its objects, including the making of Erants and governance costs. All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. These include those costs associated with meeting the constitutional and statutory requirements of the Charity. including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs. These are support costs not allocated to a particular activity- Grants payable Governance costs Other expenditure Taxation The charity is exempt from tax on its charitable activities. Freehold investment propertv Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise. Trade and other 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 and cash equivalents Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position. bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdraft5 that are repayable on demand and form an integral part of the company'5 cash rnanagement. Trade and other creditors Short term creditors are measured at the transaction price. Other 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. Printed by BoltPDF Icl NCH SoftTATare. Free for non-COJDrnerciaL use only. FARAN ACADEMY CHARITABLE TRUST Notes to the Accounts Foreign currencies Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transartion occurred. All exchange differences are are taken into account in arriving at net income/expenditure. Receipt of donated goods, facilities and services All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity. 2 Income from donations and legacies Unrestricted Total Total 2025 35.530 35,530 35,530 35,530 26,036 26,036 Printed by BoltPDF Icl NCH SoftTATare. Free for non-COJDrnerciaL use only. FARAN ACADEMY CHARITABLE TRUST Notes to the Accounts 3 Expenditure on charitable artivities Unrestrirted Total Total 2025 Expenditure on charitable octivities 32,406 32,406 25.836 Governonce costs 32,406 32,406 25.836 4 Other expenditure Unrestrirted Total 2025 Motor and travel costs 494 494 General administrative costs 772 772 1,266 1,266 5 Movement in funds Incoming resources (Including Atl other September gainsllosses 2024 At31 Resources expended August 2025 Restricted funds: Unrestricted funds: General funds 878 35,530 133,6721 2,736 Total funds 878 35.530 133.6721 2,736 6 Analysis of net assets between funds Unrestricted funds Total Net current assets 2,736 2,736 2,736 2,736 Printed by BoltPDF Icl NCH SoftTATare. Free for non-COJDrnerciaL use only. FARAN ACADEMY CHARITABLE TRUST Notes to the Accounts 7 Reconciliation of net debt Atl At31 September 2024 August 2025 Cash flows Cash and cash equivalents 878 1,858 1,858 2,736 2,736 878 Net debt 878 1,858 2,736 Printed by BoltPDF Icl NCH SoftTATare. Free for non-COJDrnerciaL use only. FARAN ACADEMY CHARITABLE TRUST Detailed Statement of Financial Artivitie5 for the year ended 31 August 2025 Unrestricted funds 2025 Total funds 2025 Total funds 2024 Income and endowments from: Donations and legacies 35,530 35,530 35,530 35,530 26,036 26,036 Total income and endowments 35.530 35,530 26,036 Expenditure on: Charitable activities 32.406 32.406 32,406 32,406 25,836 25,836 Total of expenditure on charitable activities 32,406 32,406 25,836 Motor and travel costs Travel and subsistence 494 494 494 494 General administrative costs, including depreciation and amortisation Bank charges Information and publications Stationery and printing Telephone, fax arbd broadband 69 69 12 12 352 352 339 339 772 772 Total of expenditure of other costs Total expenditure Net gains on investments 1.266 1,266 33.672 33,672 25,836 Net income 1,858 1,858 200 Net income before other gainsll105se5) Other Gairbs 1,858 1,858 200 Net movement in funds 1.858 1,858 200 Reconciliation of funds: Total funds brought forward 878 878 678 Total funds carried forward 2.736 2,736 878 Printed by BoltPDF Icl NCH SoftTATare. 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