Charity registration number: 1209015
**THE ISLAMIC ACADEMY OF MANCHESTER TRUSTEES' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025**
Nabaile Young UK Ltd Chartered Certified Accountants 334 Slade Lane Manchester M19 2BL
## **THE ISLAMIC ACADEMY OF MANCHESTER Contents**
||**Page**|
|---|---|
|Trustees' Report|1—3|
|Independent Examiner's Report|4|
|Statement of Financial Activities|5|
|Statement of Financial Position|6|
|Notes to the Financial Statements|7—10|
|The following pages do not form part of the statutory accounts:||
|Detailed Statement of Financial Activities|11|
**THE ISLAMIC ACADEMY OF MANCHESTER Trustees' Report For The Year Ended 31 October 2025**
The trustees present their report and the financial statements for the year ended 31 October 2025.
## **Objectives and Activities**
## **Aims and Objectives**
The charity was registered as a Charitable Incorporated Organisation (CIO), Foundation model, on 8 July 2024. Its purposes are those set out in its constitution and recorded on the Register of Charities.
This is the charity’s first reporting period. The trustees have focused principally on establishing the CIO’s governance, banking and administrative arrangements and facilitating the transfer of the charitable activities and assets previously held by The Islamic Academy of Manchester (registered charity number 1068567).
In planning the charity’s activities, the trustees have had regard to the Charity Commission’s guidance on public benefit and are satisfied that the charity’s activities further its charitable purposes for the benefit of the public.
## **Achievements and Performance**
## **Main Achievements**
During the reporting period, the trustees established the operational foundations required for the CIO. A bank account was opened on 22 January 2025, enabling the charity to manage its financial affairs independently.
On 16 April 2025, the Charity Commission authorised the management of the relevant conflicts of interest, allowing the trustees to proceed with the transfer of assets from the former trust to the CIO. Following the completion of the necessary legal and administrative arrangements, the land and buildings were transferred to the CIO on 23 March 2026.
This transfer was a significant milestone and placed the charity’s principal assets within the CIO structure, providing a more appropriate and sustainable framework for their future management and use in furtherance of the charity’s purposes.
## **Financial Review**
## **Financial Position**
As this is the CIO’s first reporting period, financial activity initially remained limited while its banking and governance arrangements were established and the asset transfer was progressed.
The principal financial development during the period was the transfer of the land and buildings from the former trust. The value of the assets and the charity’s income, expenditure and year-end financial position are detailed in the accompanying accounts.
The trustees consider the charity’s financial position to be satisfactory. They will continue to monitor income, expenditure, cash flow and the costs associated with managing and maintaining the charity’s property. The trustees have reviewed the charity’s reserves requirements and will keep an appropriate reserves policy under review as its activities develop.
## **Reserves Policy**
Over the next 12 months, we expect to make further progress with the internal and external works and are aiming to implement a number of initiatives for the youth and vulnerable in our community.
## **Structure, Governance and Management**
## **Governing Document**
The charity is constituted as a Foundation CIO and is governed by its constitution. Under this structure, the charity’s only voting members are its trustees.
The trustees are responsible for the strategic direction, governance and financial oversight of the charity. Decisions are made collectively at trustee meetings and are recorded in the minutes. Trustees identify and declare any actual or potential conflicts of interest and manage them in accordance with the constitution, the charity’s policies and Charity Commission guidance. The Charity Commission’s authorisation dated 16 April 2025 was followed in relation to the transfer of assets from the former trust.
The trustees will continue to review the charity’s governance arrangements, policies, financial controls and risk management procedures as its activities develop.
Page 1
**THE ISLAMIC ACADEMY OF MANCHESTER Trustees' Report (continued) For The Year Ended 31 October 2025**
## **Reference and Administrative Details**
## **Trustees**
Dr Mohammed Riaz Akhtar - Chair Mr Mohammad Awais Arshad - Trustee (appointed 12/12/2024) Mr Mohammad Atif Hamid - Trustee
## **Charity Number**
1209015
## **Principal Address**
347-349 Stockport Road Longsight Manchester M13 0LF
## **Independent Examiner**
Muhammad Zaheer (FCCA) Nabaile Young UK Ltd Chartered Certified Accountants 334 Slade Lane Manchester M19 2BL
Page 2
## **THE ISLAMIC ACADEMY OF MANCHESTER Trustees' Report (continued) For The Year Ended 31 October 2025**
The trustees' report was approved by the board of trustees and signed on its behalf by:
Dr Mohammed Riaz Akhtar Trustee 26 August 2026
Page 3
## **THE ISLAMIC ACADEMY OF MANCHESTER Independent Examiner's Report to the Trustees of THE ISLAMIC ACADEMY OF MANCHESTER For The Year Ended 31 October 2025**
I report to the trustees on my examination of the accounts of THE ISLAMIC ACADEMY OF MANCHESTER (the Trust) for the year ended 31 October 2025.
## **Responsibilities and Basis of Report**
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent Examiner's Statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and contents of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
I have no concerns and 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.
Muhammad Zaheer (FCCA) 26 August 2026 334 Slade Lane Manchester M19 2BL
Page 4
## **THE ISLAMIC ACADEMY OF MANCHESTER Statement of Financial Activities For The Year Ended 31 October 2025**
|**Notes**
**INCOME AND ENDOWMENTS FROM:**
Donations and legacies
**3**
**EXPENDITURE ON:**
Raising funds
**5**
Charitable activities:
**5**
**NET INCOME**
Transfers between funds
**12**
**NET MOVEMENT IN FUNDS**
**RECONCILIATION OF FUNDS:**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**
**12**|**2025**
**Unrestricted**
**funds**
**£**
34,062|
|---|---|
||(30,854)|
||3,208
30,432|
||33,640
-|
||33,640|
The notes on pages 7 to 10 form part of these financial statements.
Page 5
## **THE ISLAMIC ACADEMY OF MANCHESTER Statement of Financial Position As At 31 October 2025**
|**Notes**
**FIXED ASSETS**
Tangible Assets
**9**
**CURRENT ASSETS**
Cash at bank and in hand
**Creditors: Amounts Falling Due Within One Year**
**10**
**NET CURRENT ASSETS (LIABILITIES)**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**Creditors: Amounts Falling Due After More Than One Year**
**11**
**NET ASSETS**
**FUNDS OF THE CHARITY**
Unrestricted Funds
**TOTAL FUNDS**
**12**
On behalf of the board
Dr Mohammed Riaz Akhtar
Trustee
17 August 2026|**2025**
**Unrestricted**
**funds**
**£**
9,406|
|---|---|
||9,406
27,258|
||27,258
(1,025)|
||26,233|
||35,639|
||(1,999)|
||33,640|
||33,640|
||33,640|
|||
The notes on pages 7 to 10 form part of these financial statements.
Page 6
## **THE ISLAMIC ACADEMY OF MANCHESTER Notes to the Financial Statements For The Year Ended 31 October 2025**
## 1. **General Information**
THE ISLAMIC ACADEMY OF MANCHESTER is a charitable incorporated organisation registered with the Charity Commission, registered charity number 1209015. The principal address is 347-349 Stockport Road, Longsight, Manchester, M13 0LF.
## 2. **Accounting Policies**
## 2.1. **Basis of Preparation of Financial Statements**
The financial statements 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 2019)", Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities Act 2011.
The charity is a Public Benefit Entity as defined by FRS 102.
## 2.2. **Incoming Resources**
All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
Voluntary income is received by way of grants, donations and gifts and is included in full in the statement of financial activities when receivable. Grants where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.
Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included. Gifts donated for resale are included as incoming resources within activities for generating funds when they are sold.
## 2.3. **Resources Expended**
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of trading for fundraising purposes including the charity's shop.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Fundraising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities.
Support costs are those costs incurred directly in support of expenditure on the objects of the charity and include project management.
## 2.4. **Tangible Fixed Assets and Depreciation**
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
## Fixtures & Fittings
15% Writing down value
## 2.5. **Cash and Cash Equivalents**
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
## 3. **Income from Donations and Legacies**
Page 7
## **THE ISLAMIC ACADEMY OF MANCHESTER Notes to the Financial Statements (continued) For The Year Ended 31 October 2025**
|Donations and gifts
4.
**Net Income/(Expenditure)**
The net income is stated after charging/(crediting):
Depreciation of tangible fixed assets - owned
5.
**Analysis of Expenditure**
Raising funds
6.
**Support Costs**
Employee costs
Premises expenses
General administration
Depreciation
Governance costs
7.
**Staff Costs**
Staff costs were as follows:
Wages and salaries
Other pension costs|**2025**
**Unrestricted**
**funds**
**£**
34,062|
|---|---|
||**2025**
**£**
1,660|
||**2025**
**Support**
**costs**
(see note 6)
**£**
30,854|
||**2025**
**Raising**
**funds**
**£**
11,145
7,452
5,079
1,660
5,518|
||30,854|
||**2025**
**£**
10,453
292|
||10,745|
No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000.
8. **Average Number of Employees**
Average number of employees during the year was: 5
Page 8
**THE ISLAMIC ACADEMY OF MANCHESTER Notes to the Financial Statements (continued) For The Year Ended 31 October 2025**
## 9. **Tangible Assets**
|**Cost**
As at 1 November 2024
Additions
As at 31 October 2025
**Depreciation**
As at 1 November 2024
Provided during the period
As at 31 October 2025
**Net Book Value**
As at 31 October 2025
As at 1 November 2024
0.
**Creditors: Amounts Falling Due Within One Year**
Taxation and social security
Accruals and deferred income
1.
**Creditors: Amounts Falling Due After More Than One Year**
Other creditors
2.
**Movement in Funds**
**As at 1**
**November**
**2024**
**Income**
**£**
**£**
**Unrestricted funds**
General:
General unrestricted fund
-
34,062
**Total funds**
-
34,062|**Cost**
As at 1 November 2024
Additions
As at 31 October 2025
**Depreciation**
As at 1 November 2024
Provided during the period
As at 31 October 2025
**Net Book Value**
As at 31 October 2025
As at 1 November 2024
0.
**Creditors: Amounts Falling Due Within One Year**
Taxation and social security
Accruals and deferred income
1.
**Creditors: Amounts Falling Due After More Than One Year**
Other creditors
2.
**Movement in Funds**
**As at 1**
**November**
**2024**
**Income**
**£**
**£**
**Unrestricted funds**
General:
General unrestricted fund
-
34,062
**Total funds**
-
34,062|**Cost**
As at 1 November 2024
Additions
As at 31 October 2025
**Depreciation**
As at 1 November 2024
Provided during the period
As at 31 October 2025
**Net Book Value**
As at 31 October 2025
As at 1 November 2024
0.
**Creditors: Amounts Falling Due Within One Year**
Taxation and social security
Accruals and deferred income
1.
**Creditors: Amounts Falling Due After More Than One Year**
Other creditors
2.
**Movement in Funds**
**As at 1**
**November**
**2024**
**Income**
**£**
**£**
**Unrestricted funds**
General:
General unrestricted fund
-
34,062
**Total funds**
-
34,062|**Expenditure**
**£**
(30,854)|**Transfers**
**£**
30,432|**Fixtures &**
**Fittings**
**£**
-
11,066|
|---|---|---|---|---|---|
||||||11,066|
||||||-
1,660|
||||||1,660|
||||||9,406|
||||||-|
||||||**2025**
**£**
525
500|
||||||1,025|
||||||**2025**
**£**
1,999|
||||||**As at 31**
**October**
**2025**
**£**
33,640|
||-|34,062|(30,854)|30,432|33,640|
## 10. **Creditors: Amounts Falling Due Within One Year**
## 11. **Creditors: Amounts Falling Due After More Than One Year**
## 12. **Movement in Funds**
## 13. **Transactions with Trustees**
None of the trustees received any remuneration or any other benefits from an employment with the charity or a related entity during the current year.
No trustee expenses have been incurred.
Page 9
## **THE ISLAMIC ACADEMY OF MANCHESTER Notes to the Financial Statements (continued) For The Year Ended 31 October 2025**
## 14. **Related Party Disclosures**
There have been no related party transactions in the reporting period that require disclosure.
Page 10
## **THE ISLAMIC ACADEMY OF MANCHESTER Detailed Statement of Financial Activities For The Year Ended 31 October 2025**
|**INCOME AND ENDOWMENTS FROM:**
**Donations and legacies**
Donations
Friday Collection
**EXPENDITURE ON:**
**Raising funds**
Wages and salaries
Employers pensions - defined benefits scheme
Staff training
Rates
Light and heat
Cleaning
Vehicle running costs
Repairs, renewals and maintenance
Printing, postage and stationery
Telecommunications
Accountancy fees
Subscriptions
Bank charges
Depreciation
Professional fees
**NET INCOME**|**2025**
**Total**
**funds**
**£**
24,821
9,241|
|---|---|
||34,062|
||34,062
(10,453)
(292)
(400)
(1,796)
(5,069)
(587)
(444)
(3,114)
(262)
(245)
(500)
(101)
(413)
(1,660)
(5,518)|
||(30,854)|
||(30,854)|
||3,208|
Page 11