## **OFMA EDUCATIONAL FOUNDATION** ## **Accounts & Trustees Reports** **For the year ended 31 January 2025** ## **OFMA EDUCATIONAL FOUNDATION** ## **Contents** **For the year ended 31 January 2025** ||_Page_| |---|---| |Legal and administrative information|3| |Trustees’ report|4-5| |Independent examiner’s report|6-7| |Statement of financial activities|8| |Balance sheet|9| |Notes to the accounts|10-13| Page | 2 ## **OFMA EDUCATIONAL FOUNDATION** ## **Legal and Administrative Information** ## **For the year ended 31 January 2025** Status: The organisation is a charity registered with the Charities Commission in England & Wales. Charity Number: 1204698 Registered Office & Business Address: **Ofma Educational Foundation** First Floor 51a Upper Wickham Lane London DA16 3AD Trustees Mr Abdulhakim Ilmi - Chairman Mr YASMIN ALI - Trustee Mr Ayuub Abdiaziz - Trustee Accountants: E & A Accountants 228A Seven Sisters Road Holloway London N4 3NX Page | 3 ## **OFMA EDUCATIONAL FOUNDATION** **Trustees’ Report** **For the year ended 31 January 2025** Page | 4 ## **OFMA EDUCATIONAL FOUNDATION** ## **Independent examiner’s report** ## **For the year ended 31 January 2025** Report of the Independent Examiner to the trustees on the accounts for the year ended 31 January 2025. ## _**Respective responsibilities of trustees and examiner**_ We report on the financial statements of the of the charity on pages 6 to 7 for the year ended 1 April 2019 which have been prepared in accordance with the Charities Act 2011 (the Act) and with the Financial Reporting Standard for Smaller Entities (FRSSE), effective April 2008, as modified by the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commissioners for England & Wales, effective April 2005 as modified in June 2008. (The SORP), under the historical cost convention and the accounting policies set out 8 to 9. Having satisfied myself that the charity is not subject to audit under charity law, or otherwise, and is eligible for independent examination, it is my responsibility to:- - a) Examine the accounts under section 145 of the Act; - b) To follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the Act; and; - c) To state whether particular matters have come to my attention. ## _**Basis of opinion and scope of work undertaken**_ I conducted my examination in accordance with the General Directions given by the Charity Commissioners for England & Wales setting out the duties of an independent examiner issued by the Charity Commissioners under section 145(5)(b) of the Act) in relation to the conducting of an independent examination, referred to above. An independent examination includes a review of the accounting records kept by the Charity and of the accounting systems employed by the Charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you as trustees concerning such matters. The purpose of the examination is to establish as far as possible that there have been no breaches of the Charities legislation and that the financial statements comply with the SORP, on a test basis, of evidence relevant to the amounts and disclosures in the financial statements. ## _**Independent Examiner's Statement, report and opinion**_ Subject to the limitations upon the scope of my work as detailed above, in connection with my examination, I can confirm that: No matter has come to my attention in connection with my examination which gives me reasonable cause to believe that in any material respect the requirements (i) to keep accounting records in accordance with section 145 of the Charities Act 2011; (ii) to prepare financial statements which accord with the accounting records and comply with the accounting requirements of section 145 of the Charities Act 2011and; Page | 5 (iii) That the financial statements are prepared in accordance with the methods and principles set out in the Statement of Recommended Practice - Accounting and Reporting by Charities have not been met; E & A Accountants 228A Seven Sisters Road Holloway London N4 3NX 25 April 2026 Page | 6 ## **OFMA EDUCATIONAL FOUNDATION** ## **Statement of Financial Activities for the Year Ended 31 January 2025** |**Notes**
_Incoming Resources_
2
**Gross profit**
**Total**
_Expenses_
Charitable & Legal Activities
3
**Operating loss**
3
**_Total Expenses_**
Surplus /(deficit) for the period
Surplus /(deficit) brought forward
**_Funds as at 31 January 2025_**|**Unrestricted Restricted**
**£**
**£**
96,531
0|**2025**
**2024**

**£**
**£**
**Total**
**Total**
96,533
118,403| |---|---|---| ||96,531
-|96,533
118,403| ||96,531
-|96,533
118,403| |||(121,585)
(130,426)| |||(25,052)
(12,023)| |||| |||(121,585)
(130,426)| |||(25,052)
(12,023)
(17,926)
(5,903)| ||-
-|(42,978)
(17,926)| Page | 7 ## **OFMA EDUCATIONAL FOUNDATION** ## **Balance Sheet as at 31 January 2025** |**Notes**
**Fixed assets**
Tangible assets
7
**Current assets**
Cash at bank and in
hand
**Creditors: amounts**
**falling due within**
**one year**
11
**Net current assets**
**Total assets less**
**current liabilities**
**Creditors: amounts**
**falling due after**
**more than one year**
12
**Net liabilities**
**Capital and**
**reserves**
Profit and loss
account
19
**Charity’s funds**|1,931|**2025**
**£**
1,979
1,979



1,931
3,910
(46,890)
(42,980)
(42,978)
(42,978)|21,732|**2024**
**£**
3,298| |---|---|---|---|---| |||||3,298


21,232| ||1,931
-||21,732
(500)|| |||||| |||||24,530
(42,456)| |||||(17,926)| |||||(17,926)| |||||(17,926)| **The statement of financial activities as set out on page 8 for the financial year ending 31 January 2025, and the statement of the assets and liabilities as set out on this page are as approved by the trustees on 25 April 2026.** ## **---------------------------** ## **Chair** Mr Abdulhakim Ilmi Page | 8 ## **OFMA EDUCATIONAL FOUNDATION** ## **Notes to the Accounts for the year ended 31 January 2025** ## **1 Basis of preparation** The accounts have been prepared under the historical cost convention and have been prepared in accordance with Statement of Recommended Practice (SORP2015), "Accounting and Reporting by Charities" and applicable accounting standards. ## **2 Accounting policies** A summary of the principal accounting policies, all of which have been applied consistently throughout the year is set out below. ## 2.1 **Income and Expenses** All income and expenses are accounted for on accrual basis. ## 2.2 **Fund Accounting** General funds are available for use at the discretion of the trustees in the furtherance of the general objectivities of the charity. Restricted funds are funds subject to specific restrictive conditions imposed by donors. - 2.3 **Tangible fixed assets & Depreciation** Tangible fixed assets are stated at cost Provision for depreciation of fixed assets held for use by the charity is made at an annual rate of 25% on straight line basis. Page | 9 ## **OFMA EDUCATIONAL FOUNDATION** ## **Notes to the Accounts for the year ended 31 January 2025** ## **2. Grants & Donations** |Gifts & Donations|**2025**
**£**
**£**
**£**
**Unrestricted Restricted**
**Total**
96,531
0
96,531
**96,531 **
**0**
**96,531 **|**2024**
**£**
**Total**
118,403| |---|---|---| |||**118,403**| Page | 10 ## **OFMA EDUCATIONAL FOUNDATION** ## **Notes to the Accounts for the year ended 31 January 2025** |||||**2025**| |---|---|---|---|---| |||**£**|**£**|
**£**| |3|**Direct Charitable expenses**|**Restricted**|**Unrestricted**|**Total**| ||**Administrative expenses**|||| ||Employee costs:|||| ||Staff renumeration||24,300|
24,300| ||Travel and subsistence|-|1,500|
1,500| ||Motor expenses|-||-| ||Entertaining|-||-| |||-|25,800|
25,800| ||Premises costs:|||| ||Rent||19,000|
19,000| ||Light and heat||4,500|
4,500| |||-|23,500|
23,500| ||General administrative|||| ||expenses:|||| ||Systems and Processing||4,000|
4,000| ||Stationery and printing||600|
600| ||Admin & Software||3,500|
3,500| ||Website, Digital, Domains||800|
800| ||Maintenance and Equipment||21,905|
21,905| ||Loan Qard Hasan|||| ||Repayment||25,485|
25,485| ||Depreciation||495|
495| ||Catering, Iftar, Community Support,|||| ||Events,||15,500|
15,500| |||-|72,285|
72,285| ||**Total Expenses**|**-**|**121,585**|
**121,585**| Page | 11 ## **OFMA EDUCATIONAL FOUNDATION** ## **Notes to the Accounts for the year ended 31 January 2025** ## **7 Tangible fixed assets** |**Cost**
At 1 February 2024
Additions
Surplus on revaluation
Disposals
At 31 January 2025
**Depreciation**
At 1 February 2024
Charge for the year
Surplus on revaluation
On disposals
At 31 January 2025
**Net book value**
At 31 January 2025
At 31 January 2024|**Land and**
**buildings**
**£**
-
-
-
-
-
-
-
-
-
-
-
-|**Plant and**
**machinery**
**etc**
**£**
-
3,298
-
(824)
2,474
-
495
-
-
495
1,979
-|**Motor**
**vehicles**
**£**
-
-
-
-
-
-
-
-
-
-
-
-|**Total**
**£**
-
3,298
-
(824)| |---|---|---|---|---| |||||2,474| |||||-
495
-
-| |||||495| |||||1,979| |||||-| Page | 12