Elrahma Charity Trust
(fornierly Charity Islamic Trust Elrahma)
Annual report and financial statements
for the year ended 31 December 2021
Charlty Re￿stra￿On Number 1026927

Elrahma Charity Trust
Annual report and financial statements
for the year ended 31 December 2021
Page
Trustees, Officers and Prof&%8ioDalAdvisers................................................................
RetM)rt of the Trusteas for the year ended 31 December 2021..................................
Independent auditOTS' report to the tnLStees of Elrnhma ch￿lty TnLSt..................
Statement of financial activiti&s (indudiDg In￿Me and expeDditure account)..........
Balance sheet as at 31 December 2021....................................................................... 10
Statement of Casb Flows..............................................................................................
li
Notes to the accounts.............-........-............-..........................................................
12-21

Elrahma Charity Trust
Mr. Abubaker Megerisi
(Chairn￿}
Mr. Ottllan Megerisi
Mr. Ha7wn MegeTiSi
Mr. Mohamed Megerisi
Mr. A]1 Abubaker Megerisi
Mr. Ahmed Tarek Megerisi
Auditor8
io Queen Street P]ace
London
EC4R thG
National Westn)inster BaDk P
Piccadilly & New Bond Street (A) BTancb
63-65 Piccaitilly
t4)ndon
W￿0
Sollcitors
Breeher
North Row
L)ndon
WIK 7DA
Rewtered Suite 201
Stanmore Busineth & Irtnovation Centre
Stanmore Pla
Howard Road
HA7 iFr

Elrahma Charity Trust
Report ofthe Trnstees
for the year ended 31 December 2021
The T￿￿teeS present their annual reFth and the audited financial statements foT the year ended 31
December 2021. The a￿OuntS have t*en prepa￿d in a￿OrdanCe with the ac¢ounting tK)licies set out
in note i to the aeeounts and comply with the ChariWs TrLtsi Deed the Charities Acl 2011 and the
Statement of Recommended Practice for ch￿ltieS (SORP 20￿} (Second Editio￿ effective i January
2019).
The Objects forwhich EIrahD￿ ClwityTrust is &stsblished are Ihe re]ief of I￿*and advancement
of education and religion in the Muslim Community. to assist the p(x)r and orphatLs of the Isknic
religi(￿. to erect or help to erect sch(M)L% charitabk 1rKstitutio￿% m(wi)es orphanag&% and nurseries
for the Islamie Community in the United ￿ngdoM and abroa& 1410rity is given to such charitable
works as may be conducive to or shall fLth the reiiefof p)verty and suffering among Mwlitu&
Grant mak£n8 polley
The Charity proiqdes donations and grants to individuals and oth& tharitable o￿an]SationS In
accordance with its obj￿. Applications for educational grants are received by the Charity and
Teviewed by the tr￿slee& Aw8nts are made to applicants who Meet the ¢riteri&
In the year the charity has followed w>]ieits of providing finaneial a&sistance to only those
organisations in the United ￿ngdorn and abroad whose aims and objectives were similar to its own
and were activelyengaged in achi&ryns these objective&
The charity provides financial ￿lS￿nCe to onty those organisations hith Ixjna-fide rewtered
eb2r7table status. The chaTitsble iThstitutions seekng finaneial a￿lstanCe are required to submit in
suptx)rt of their applicatio￿ their eoTh%titution in the forni of a Deed Memordndum and Articles
of knociation of a IAmited Companywith charitsble objectives and registered as sueh as a charity.
F￿ancial assistancelgrants are awarded Onty to full time students stud)ryDg in an internationally
recog￿ university and their application be accompaniedby references and recommendations
from former and pr&sent edueational institutions. Applications from only those students are
considered who have achieved exeeptionallyg￿d results in their previousacademic qualifications and
are expected to prod￿ go￿ results in their future studies.
Investment propertie8
The follokning prO￿rtIeS are held as inVestm￿ts".
25 and 26 LO￿dl ian< I￿ndOn EC3. is let to IA)ndon InBtitute of Flllance and Banlung.
11 to 35 St. John's Street, London EQ. was let to Group Iamited until December 2018 when the
property became vacanL It is Currently undergoing all extensive refurbishnwit in preparation for
reletting.
ATh indeFendent valuation of the free1￿Id investment properties as at 31 Deeember was undertaken
in October 2022 by Ms Emma Bailey MIU(3 of Cushman & Wakefield LLP. The basis of valuation
was fair value asse&sed in a￿rdance with the International Aeeountin8 Standards Board and the
relevant parts of the Current RI(S Red P￿L
This resulted in a red￿koD in the value at which the prOk￿rtI¢l are held to £29&50.000.
In line with its overall objectives the Charity has for some years owned properties Mihich it prO￿deS
to other charities for them to operate as places of worship. This aspect of its activities the properties

Elrahma Charity Trust
Report ofthe Trustees
for theyear ended 31 December 2021 (continued)
SatISfyh￿ the publlc benefit clause
Detsils of the main actiNities underlaken to further the charity's purwse8 for the public benefit are
described above under 8rant.making and below under Achievements and Perfornw￿e.
The Trusteeg ¢onfirn) that they bave referred to the guidanee contsined in the Charity COMMI￿10n,$
general guidanee on pub]ie benefit when r￿￿e￿Ing theTnLSt's aims and obJ￿tiVes. in plannin8 its
future activities and ￿ setting its wt malun8 po]iry.
The audited accounts for the )ur end￿1 31 D￿ber 2021 have been prepared and accompany this
rey)rL The TnLStees are pleased and satisfied that the el]arity has achieved its objectivos in
accordance with its eoLs1itutiou and hopefi￿Y will continue to use its funds to acbteve the similar
objectives in the future.
The totsl number of dollatio￿ made to th￿itable oTganisatioDS and overseas institutions was 2 and
the total ￿lle of these donatio￿8 was £369,073 (2020: £23&195). The totsl nwnber of students who
recekved educational grants was w and the total amoullt of grants awarded to these students N?s
£111,642 (2020: £us200). The fllwi(ial relietto FO)r families amoun￿ to £44,845 (2020..
£44.637).
The organisatiorL8 benefiting from the cbaritable donations in the United ￿8d0￿ and abroad were
involved in running sthools. mosques. aduli ￿￿e￿tion Clas￿ OTphanage4 nuwies, sp)ILSOTship of
orphan% student& fami]i&s and provisi(n of humanitarian ai(L
The charity does not rdiqe with men)Eers of the public and aee(rdingty there have been no
complaints received regardi￿ fund raising in the year {2020: None).
The income for the year ended 31 December 2021 was £397.929 (2020: £947.747). Durin8 the year
the investment properties were re￿Illed which resulted in 2 loss on re￿￿ation of £994.403.
Investment income of £332.234 (2020.. £694S47) was Supplement￿ bj, income ￿e1ved in Tespeet
ofa pro[￿S01a in 2016 of £6s69S
The cost of eharitable activities. exduthng governance e(A was £897.203 (2020.. £860,540). The
Governance costs amounted to £￿.642 (2020: £u.238). The o￿ating I￿ for this period was
£1,507,319 (2020: operating income £72,969) and at the year end the aggregate ￿ue of the funds
was £53.763.317 (2020: £5&270.636).
Consideration has been given to the impact on eash flow and the Tr￿Stee$ are satisfied that the
Charity's cash reserves are Tnore than adequate to offset any negative I￿paCt arising from the CTiSiS.
The powers of the Trustees including the powers of investmenL are set out in the Trust Deed. These
include investment in freehold and leasehold properties (more than 60 years) and in approv
In￿trnent fund
The Trustees se& to invest ID prcprties in after kotioLs which they co￿81der offer a
satisfactory return both in terms of income and prOs￿tIve capital appreciation in the long tern4
without assuming an undue degree of risk The ineome is used to make ckjatitable donations and to
meet the eost of maintaining the cbarity. The requirement that a pro￿rty offers prospects olc2Pital

Elrahma Charity Trust
Report of the Trustees
forthe yearended 31 December 2021 (continued)
appreaation is intended to erLsure that the charity D]aintaiDS sufficient eapitsL in the forni of income
producing property, to be able to meet its con)mitments in the futur&
The trusteefj are Satisfi￿ with the pthrrnan￿ of the inwtments given the le￿ of occupancy in the
The assets that make up the chariWs funds a￿ unrestricted and a￿rdinglY they are a]so available as
the general reserves. In addition to careful planning of the cash flow, so as to meet IxTrth grant
charity aims lo maintsin 2 cash reserve to cover antiapated grdnt and other future comD]itments in
the C￿eTrt and forthcoming financiaR years.
Teknbishment of one of its propeilie& Now that the amount needed to fund this is dear. the Tr￿Stee8
are actively seeking opp)rtunities to invest in another investment property.
Key perfornwice IndI￿torS
Given the straighrforward nature of the activities of the charity. the trL￿Lees are of the opinion that
analysis￿Ing KPlsis not ￿ders￿nding of the developmenL Ferfornwice orp)sition
ofthe busine&
The Trustees consider the major risks to which the organi￿tiOn maybe cwsed at their m￿tingS
and eonsider the ]ikeliktcd and impact of all signthcant risks. All &gnifiC￿t risks. togetherwith
current mitigation actions. are reYie*td regu]arly throughout the year and the TnLStees are satisfied
that systems have been developed and are in place to mitigate identified risks to an acceptable level.
The principal risks and uncertainties identified by Ihe charity are as follows:
Riskidentlfied
Action laken to mldgate the risk
Shortfall on reeeipt of prottyincom
The Trustees put empl￿S on the quality of
tenant CoVe￿t& In addition the charity has
stsbstanti￿ reseTves which would pro￿de cover
for activities should there be a shortfall.
Reputational risk arising from ckwitable
activities
TheTr￿8teeS maintain a close involvement in
the cl]ariVs dayto dayactivities and donatio￿￿.
In addition pr(￿lUr&S and controls are
Impact of Covid Cri
Appropriate action has b￿ll taken to ensure the
protection of all employees. The tri5iS is
considered to have bad a limited affect on the
elwity's aCtI￿tieS and anyTisks are
Reduction in app]lc2ti0￿$ reCeI￿d for
ehaTitable help.
A marketing plan for the Charityis under
consideration.

Elrahma Charity Trust
Report of the Tru5tee5
for the year ended 31 December 2021 (continued)
The trLLStees continue to take steps to maxinuse income from investrnents by seeknng higher level
of (￿upanCY on its freehold investment protwties In addition fiuther inv￿trllents in In￿Stment
property are planneiL The reftrtiishment of the St John Street proFwty is progre&$1￿ and should
complete early in 2023. the TnLStees are pursw the relettiDg of this investsnent with a view to
maxillll5ing the long term return thereoEL
Elrahma CTr)arity Tn]st was registered as a tharity with the Charity Commiwoner8 (Registrdtion
number 1026927) under a Trust I)eed executed on 27 Septem￿￿r 1993.
The Trustees. all of whom held office during they￿ etthd 31 Decem￿ 2021 and up to date of this
report were:
Mr Abubaker Megerisi (Chairll￿)
Mr Omar Megerisi
Mr Otman MegeTi8i
Mr Hazem Megerisi
Mr. Mohamed Megerisi
MT. Ali Abubaker Megerisi
MT. Ahmed Tarek Megerisi
The first four trustees are the founder members of the Tr￿st since its declaration on 27 September
1993. The Trwt Deed r4uires a minimum of three trustees and gives the trusteos power over the
apwiiThtment offurther tr￿tee& In selecting furt￿ perso￿8 to be aptK)inted as trustees, the trustees
are required to tske into account the ￿￿Trefits of appointing a tvson who is able by Nirtue of his or her
Ftrsonal or profe&8ional IWifieatio]L¥ to make a contribution to the pwsukt of the objects or the
Thegovemillgtdyof thecharityisthe Board 0fTr￿te* which compTises sevenmembersandmeets
at least twice a year to review the ￿￿ormanCe of the (￿￿ty. The kn of Tr￿Slee8 has set up a
Committee of two trustees including the cbaIr￿ of the PA)ard. It meets on a regular basis and is
activdy involved in supervising the Ch￿1￿5 administrative and finan(ial affairs and also makes day
to day management decisio￿ It approves ￿￿eati()￿al grants to M￿11￿ stwlents and fun(bng to the
Islamic institution&
NeWTr￿￿teeS ￿dergO an induction prcws Mthich i￿lUdeS a briefing swion and meetings with other
trustee& An induction pack is given to new Trwtees and additional opp)rtunities to attend external
meetings and conferences are offered and eneouraged Ongoing training needs are assessed and met.

EIrahn￿ Charity Trust
Report of the Trnstees
for the year ended 31 December 2021 (continued)
The remuneration of all employees is set by the Trustees. All key managetnent decisions are taken by
the Tn￿lee$ who are not remunerated. Were the Trustees to delegale control over this area it would
result in an in￿eaSe in remuneration Tr¥hith they do not see as nec&ssary at present.
The tnLStees are responsible for preparing the TnLStees' Report and the financial statements in
accordance with app]icable law and Ullit￿ ￿d0M A(rounting Standards (United ￿ngdorn
GenerallyAeeeptd AccO￿ting Praetieel
The law applicable to cl]arities Én FW & Wales requir￿ the to prepare finan¢ial
statements for eath financial year which give a Irue and fair view of the state of affairs of the charity
and of the incoming resources and application of resowces of the charity for that period. In prep&ring
these )Inancial statement4 the tr￿leeS are rwllred to:
select suitable accounting policies artd then apply them consistently,
obseTNT the meth(yJs and principles in the Cl)2rities SORP.
make judgements and estimates that are reasonable and prL>aent;
state whetheT app]icable aceountiDg standar¢ls have been followed subj￿1 to any material
departur￿ disdos&l and exp]2ined in the finaneial statements,.
prepare the fit)ancial statements on the going concern basis unle&8 it 18 inappropriate to
presume that the charity continue in bu￿ne&S
The tr￿teeS are r4msible for kwiti8 pfoFV accounti￿ rel￿ that disclose with reasonable
accurdcy at any time the finaneial position of the ckwity and enable them to eT)sure that the financial
State￿ellts comply hith the ClwitiesAci 20￿ the Ckjarity (Accounts and Reports) Regulations 2008
andwiththe TnLSt De&t Theyare aLso reSP)￿bIe for Safeg￿dIng the a￿ets of the charityand hence
Inforn￿tiOn provided to auditor8
ith regard to the preparation of this Annuaj Rew)rt and Fllwicial Statements, so far as each tnLStee
is aware, there is no relewant audit information of 4Yhich the charity's auditors are unaware. and each
tr￿Stee has taken au the steF6 that he o￿lt to have laken a5 a trustee in order to make h1n)￿f aware
of any relevant audit iDforn]ation and to estsblish that the cljarity's auditors are aware of that
inforrnatio
Audltors
A resolution lo reappoint Haysmacintyre IIF as auditors to the charity proEwd at a future
trustees. meeting.
By ordeT of
Abubaker Megwisi
Trustee
11 October 2022

EIrahn￿ Charity Trust
Opirrion
We have audited the finaniial ststements of F1rahn￿ Charity Trustl for the year ended 31 December
2021 which comprise the Statement of Fll]ancial Activities, Balance Sheet. ststement of Cash Flows
and notes to the financial statenienis iDcluthng a of &grnfi¢ant accow)ting policies. The
financial rew)rting framework that has Eeen applied in their preparation is applieable law and United
KingdomAeeounting Standards. induding Flnancial Rew)rting StandaTd 102 The Fu￿naal Reporting
Standard app]icable in the UK and Republic of Ire]and (unit￿ Generally Aceepted
Accounting Practice).
In our opinion. the fillanCI￿ statements:
give a true and fair view of the state of the eharity's affairs as at 31 D￿ber 2021 and of the
chariws net rnovement in funds for the year then end￿.
have been properly prepared in acconlan￿ with United S￿d0M Generally Accept
Aecounbng PTactsce' and
bave been prepared in accordance with the requirements of the Cljarities Act 2011.
Basis for opinlon
We have been appoinied as auditor ulld￿ section 44 of the ￿tieS Act 2011 and report in
accordance with theAet and relevant regulalions made or having effeet thereunder. We conducted our
audit in accordance with International Standards on A￿lItIng (UK) (ISAS (UK)) and applicable law.
Our responsibilities under those standards are furth￿ deseribed in the Auditor's respon&bilities for
the audit of the fiDancial ststements section of our re[￿. We are independent of the eharity in
aecordance with the ethical rquirements that are relewit to our audii 0£ the finaneial statements in
the ￿ Ind￿11n8 the FRC'S Ethical Standard and we have fu]filled our other ethical responsibilities
in aceordanee with these requirements. We believe that the audit eNryden¢e we have obtained is
suffioent and appropriate to pro￿de a basis for our opinio
cond￿10n$ relath￿ to 80in8 conL*rn
In auditing the financial statements, we have conduded that the tr￿t￿. we of the going concern
basis ofaccounting in the preparation of the financial statements is appropTiat&
Based on the work we have ￿rfOrnIed, have not identified any material uncertsinties relating to
events or condttiorts that, individually OT collectively, may cast significant doubt on the
[group/charityl's ability to Continue as a going concern for a period of at least twdve months from
when the flnancial statements are authoriwj for issue.
Ourreswnsibilities and theresFofL￿￿l1ltie3of the trustees with respect togoiDg concern are deS￿ibed
in the relevant sectiODS of this repxL
Other infornjatlon
The trustees are rest￿Ible for the other infornution. The other informatson eomprises the
information induded in the ReFK)rt of the Truslee& Our opinion on the financial statements does not
cover the other infornlation an& except to tbe &¥tent Other￿ explicitly stated in our retort, we do

Elrahma Charity Trust
In connection with audit of the financial statemell￿ our responsibility is to read the other
information and. in doing ￿ consider whether the other Inforn￿tiOn is materially inconsistent with
the financial statements OT our knowledge obtaRned in the audit or otherwise appears to be materially
misstated. If we identify such material inCo￿lStellaes or apparent material misstatements, we are
required to detern]ine whether there is a material misstate[r￿At in the financial statements OT a
Materi￿ mi&statement of the 0therioforn￿tiOn. If, based on the work wehave [￿rforn1ed, we conclude
that there is a material misstatement of this other inforn￿ti0￿ we are required to retth that fact. We
have nothing to report in this rw
Matter8 on which we are required to report by exLfPtlon
We have notlung to rep￿ in rw of the follow matters in relation to which the Chariti
(Accounts and Rewrts) Regulatio￿ 2008 require us to report to you if, in our opinion:
adequate aLrounting ha￿ not t*en kept by the ck4ritT. (
sufficient acwunting r￿0￿]5 ha￿ not kept" or
the charltyfinallc1￿ statements arenot in agreementwiththe accountingrecor(Ls and returns;
or
we have not retrived all the inforn4tion and &w]aDalions wuire for our audiL
8 explained more fully in the trustees. res￿￿1b111tieS statement set out on page 6, the trustees are
responsible for the prepardtion of the financial statenlents and for ￿Ing satisfied that they give a true
and fair view. a￿] for internal control a8 the tr￿tee$ detenDine is necessary to &￿ble the
preparation of financi￿ statenwits that are free from ￿￿terIal mi&8tatemenL whether due to fraud or
error.
In prep￿ing the finan¢ial statement4 the tn&ees are T￿)nSible for asses&ng the chariws abi]ity to
continue as a going Conce￿ disclosin& a5 applicabl& matters re]ated to going concern and using the
going concern basis of accounting UTr1￿ the trustees either intend to liquidate the charity or to cease
operations, or have no realistk¢ alternative but to do so.
Auditorf8 respon8ibilltl¢8 for th¢ audit of the financll￿ statements
Our objectives kre to obtain reasonable a&surantt aiK)ut whether the financial statements as a whole
are free from mat&ial mi&statemenL whether due to fraud or error. and to i&sue an auditor's report
that includes our Opinio￿ Reasonable assur￿ is a lllgh level of a&8ufdnc< but is not a guarantee
that an audit conducted in accordance with ISAS (UK) alwaYSdet￿t a material misstatement when
it exists. Mi&statements can arise from fraud or error and are considered material if. indiNudually or in
the aggregate, they could reasonabtybe eX￿ted to infiuence the ￿onoMiC decisions of ￿ser$ taken on
the basis of these finati(￿al statements.
ILTegularitie8, including frau￿ are instan￿¥ of non-compliknce with law5 and r￿UlationS We design
proceduresin linewith ourresponsibi2itie& outlined alx)v4 lo detectmaterialmisstatements inrespect
of irregularitie4 induding fraud. The extent to which our prtKedures are capable of delttting
irregularitie5. inducbng fraud 18 detailed Ixlow.
Based on ow understanth¥ of thecharityand the environment in which it Opera￿ weidentified that
the principal risks of non-complianee with laws and regulations related to eomp]iance with the
Charities act 2014 employment ]aw and health and safety rw]lation& and we Co￿47dered the £Ytent
to which non-compliance might have a material effect oll the fu)ancial statements. We aIso considered
those ]aws and regulatio￿ that bave a dirert impaci ￿ the prepardtion of the finanaal statenwits

EIrah￿￿ Charity Trust
such a8 the Charities Aet 2011. the Statement of Recorn￿d￿ Practice for Charities (SORP 2015),
FRS102 and paw)ll taxe&
We evaluated management's incentives and opwrtunities forfra￿1U1ent manipulation of the fLnancial
statements (including the Tisk of ovenide of controls), and detertttined that the piinapal Tisks were
relaled to recognition of income and management bias in eertain accounting estimates. Audit
procedures Ferfornied by the engagement team includeiL.
IILspem corr￿ndence with regulator5 and tsx authorities.
Discu&%iorLS with management ind￿1￿£ con8kderdtion of kno￿ or s￿peCt￿3 irn%tances of
non-compliance with laws and r￿Ulation and fraud.
Evaluating management's controls des]gTh￿ to prevent and detect irr￿Ularities.
Identsfying and testing journal& in particukr journal entri&% rK)sted at the year-end or with
Un￿$￿31 descriptions" and
Challenging arnptiOL8 and judgements made by managanent in their critical accounting
estimate&
use of the inherent limitstions of an audit, there is a risk that we not detect all iryegtharities,
including those leading to a material misstatement in the financial statements or non-compliance
regulatiorn This r&sk increases the more that compIlan￿ with a law or regulation is removed from the
events and trarL8actiorLS refieeted in the fLllall￿ statements as we be less likely lo become aware
of Instan￿ of non-comp]iane& The Tisk is akn greater regarding irr￿ularitieS ctCUni￿ due to fi7ud
rather than error. as fraud involves intentional conceahnent. forgery, Collusio￿ omission or
misrepresentation
A further description ￿ our r&%tMwibilities f(Y the a￿lIt (4 the finwial statements is ]c￿ted on the
nanoal RetK)rting Council's website aL' W4*V.
part of our auditor's report
. Thi4 des(Tiption fonL
U8e of our re
This reFth is made soldy to the clwiws truste4 as a t￿y, in accordan￿ with section 44 of the
Charities Aet 2011 and regulations made under seetton w of that Act. Our audii work has been
ndertaken so that we might State lo the tr￿steeS those matters we are required to state to
them in an Auditor's rep)rt and for no 0therpurt￿. To the fi￿eSt extent perniitted by law, we do not
accept orasslune rwnsibilitytoanyone otherthan elwi￿S tnL8tees as abxlyforourauditwork
for this reFKJrt, or for the opinions we have lornied.
LLP
HaysEnacintyre iJl>
StstutoryAuditors
31 st October 2022
io Street Place
I￿ndoll
Date:
FQR L4G
Ha￿nacintyre is eb8ible to aci a8 au auditorin terms of sedion 1212 of the Compallies Act
2006

Elrahma Charity Trust
ststement of financial actnvities for the year ended 31
December 2021
2020
Income fronL'
Investments
•234 694&47
Donations
Other in(vme
Total Income
397.929
947,747
Charitsble a(ti
&4&5
910.84S
874.778
874,778
tsIz9916)
(994A03)
(1￿07￿19)
Ba]anee hrougbt forwardat 18tJ￿￿WY2o2A
55.2709636 55J97.667
Balance ¢4Yried forward at31 December 21Y21
All the aLM)ve results are derÉYed continuTrn8 &tivltle&
I gains and 105ses rewi5ed in the year are included a￿ve and therefo￿ no separate statement of total
recogni5ed gains and lo&w has I￿en present*L
io

Elrahma Charity Trust
Balance sheet
as at 31 December 2021
Tangible fred a&sets
475
Investment properties
29￿0,000
29.695586
3a63a63 3J63363
32?913I719 33.059A24
Debtors
io
6,764
21.028.97S
&850
Cash at bank and in hand
22a56.687
21.185,739
CurreDt liabilitle•
Creditors: amollnts falling T￿thin one ye4r
11(0)
(260.254)
(g55A43)
20,92sA85 22287.094
Creditors.. amounts (8Uing due after MO￿ than oneye4r
ii(b)
(7&887)
(75,882)
5317639317 55270.636
The fund8 of the ¢lwlty:
$3?763*317
J97.667
The fin8nei81 statements were approved and authorised for issue bythe kn ofTrustees and were signed on
their beh￿r by..
Abubaker Mege
Tn￿tee
l7 Ortthr2022
li

EIrahn￿ Charity Trust
Statement of Cash Flows
2021
2020
Cash flows from operatlng actiiqtle&'
NettLsh in)oFeratiry (seÉ I￿1{￿v)
Rents from investments
332.234
65,695
694.547
253,200
CaiDs from sale of property
rchase of fixed a&sets
Netauh
(ia27.712) {100.267)
22
•h and L7ish
¥￿Ients ot the start o
the
22
Net iFuXm￿/(e1w￿dITureJfvr the yeop(aspep
stateme￿0￿FInanei01ActiVIt1£1?
(1.507a19)
72,969
Adju•tments fo
Depre¢ftation Cha￿e$
Gains from sale of property
itsss on Investments
119
159
(65,695) (2n200)
994A03
(xJ2.234) (694.547)
29.086
64.064
816
Rents frnm investments
Decrease/(Incre&4e) in thbtors
Incre&se/(decrease) in Creditors
et (uged in
ANALYSIS OFNrf DEBT
At31
At i January
2021
Cash Flow
2021
Cash at bank and in haTrJ
22.35&687
(1327.712) 21,028.975
22
12

Elrahma Charity Trust
Notes to the accounts
For the year ended 31 December 2021
i Accounting policies
The fLnancial statemellts have tten prepar￿ in accordan￿ with the Stateroent of Recommended
Practi￿ for cb￿lti0$ (SORP 2015) (See￿d E41Itio￿ effecti￿ i January 2019) and the F￿ancial
Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102).
Elrahma Ch￿lty Trnst meets the definition of a p￿1]it tr￿Lefit entity under FILS 102. knets and
liabilities are initially rryiised at historid c(*t or tra￿￿ctiOn value unless Other￿Se stated in the
relevant accounting policynote&
Tan8lble fixed assets
The cost ottangiblefixed a&8et4 other than investn)ent pror￿14 ts theirpth eirt togetherwith
any incidentsl expenses of acquisition. All tangible assets cl￿ting more than £100 are eapita]ised, and
any item Costing I￿ than this i8 I￿1tten off as expenditure Depreciation is calculated so as to write
off the cost of tangible fixed assets. le&$ their estimated residual values. over the expected useful
Office Equipment
Fixtures and fittin
25% per annum
The Investmtht ProF*rties are held at fair Wal￿ No dep￿lation is clwged and movernents in
valuation are taken to the Statement of Finanaal Aetivities. The most r￿lt Inde[￿dent valuation of
the freehold investment properties with an effextive date of 31 D￿ll]￿r 2021, was undertaken in
OetoTr*r 2022 by Ms Elnma Bailey MIU(3 of C￿$b￿ & Wakefield Ltp.
PrcEraTame related investments are those a&qets that are used by third parties in ftsrt￿aDCe of the
eharitys objects and not for finaucial retUllL Thue a&sets are valued at ffliwaj cixst and are not
depreciated.
Monetary assets and liabilities have been translated into sterling at the rates of exchange ru]in8 at the
year end. All other forewi eXc>￿llge differences are taken to the Summw of knaal Activities in
The charity recogniw ineome when all of the following eriteria are met: the cljarity has entitlement
to the fimds and any ￿rf0rnjanCe conditions attached to the items of income have been met, it is
prokthble that the income will be ￿e1v￿A and the amount can be ￿￿&$u￿ re]iably.
13

Elrahma Charity Trust
Notes to the accounts
For the year ended 31 Deeember 2021
Accounting polic1￿ (continued)
Where income bas related expenditure (as wilhfi￿dr￿s1￿ or￿lIar income). the incorne and related
expenditure are rerthed gross in the Statement of kncial aetiviti
Investtnent income mainly represents rentals receivable from tenanls occupiryng the investrnent
prot*rties aThJ is accounted for knter851 on dewtsht funds held is included when
receivable and the amount can be measured re]iably. DI￿dendS are rec￿LSed once the diiqdend has
been dedared and notification hasbeenreceiwj ordANudend is due. This is nOrn￿]Y upon notification
bythe investment adiisor of the dividend yield of the kllvestment ￿T￿OI10.
information provid￿ by the donor. if not available then an &stirnate is made of current value in use of
the asset.
Irrecoverable Wah￿ added (VAT)
The ebarity is rwered for VAT and bas opt&1 to tsx one of its properties. A8 this is a partial
registration it cannot recover VAT it pay3 on ￿me of its acquisition of g(K>tts aThd service&
Irreeoverable VAT forTns part of the eharitys o￿all expenditure and is either accounted for with the
expenditLwe to which it relates or is eapitalisal within tangible fixed assets.
FJpenditure is reC￿Ls￿ once t￿￿e is a Iwl or constructive obligation to D]ake a payment to a third
party. it is probable that settlement will ￿ requir￿ a￿d the amount of the obligation can be
measwed reliably. All eX[￿ditUre is account￿ for on an acC￿￿S basis under the follo￿￿ng headings:
CharitalAe activities rewesents doDali(os paid by the Trwt dwing the year and Ihe c(6t of services
proNided by some staff metnbers to the FJ Farow Foundation.
SupFrf)rt CO$ts represent the eost of runn1￿ the charity and typically indude the CO￿ of the finance
funetior4 office facilities and infornution tthlogy eosl4 legal and professional fees and bank
Certain expenditure is apportioned to cosi categories based on the amount attributable to that activity
the year. Th￿e estimates are bawj staff tim& An allaI￿lS of dIT￿t charitable expendiiure is
available in note 3.
administration These include swhitems as external audiL iwj advice and costs a&￿clated with
compltance of constitutional and statutoryrequkrement&
Fund Accountin8
Unr&stricted funiL8
Funds are available to spend oll activities that fwther any of the purposes of the ¢lwity.
Debtors
Debtor3 are rec(yll8ed at the settlement amount due after any trade discount offered Prepayments
are valued at the amount prepaid net of any trnde di￿v￿ts d
C&8h at bank
Cash at bank and in hand includes bank acco￿t% cash and short tern highlyliquid investments with
a shortmatwity of three ￿￿nI￿s0rIesS fromthedateof acquisiti0norot*Di￿0f the detM)Sit orsimilar
account.

Notes to the accounts
For the year ended 31 Deeember 2021 (continued)
Accounting policies (continued)
Creditors and provisions are reu8niwl wkve the ch￿lty has a preseot obbgation resulting from a
past event that will probablyresult in the transferoffunds to a third patyand the amount due to settle
the obligationcanbe measured or estin]ated re]iably. Creditors andproNusioDs arenormallyrecognised
at their settlement aroouni after allowing for any trade discounts d
In the ￿eW of the tr￿SteeS in applying the accounting tM)licies adopt&1 other than the valuation of
investment proFerty as Melltion￿ in the tnLsiees reporL no judgements required that have a
significant effed on the amounts rwiwj in the financial statements nor do any estimates or
Finandal Instruments
The Charity onty has basic financial a&sets and fiDancia] li3biIities of a kind that qualify as basic
financial instrument& B&sie finanaal instruments are initially recognised at transaetion value and
subsequently measwed at their settlement value.
Having reviewed the fimds a￿lIable to the Charity and the fjjture projected cash flows, the ]h￿teeS
have a reasonable expertation that the Charityhas adequate resou￿ to eontinue its activities for the
foTeseeable future and consider that there were no material uncertainties over the ChariW5 finanaal
viability. Accordingty. theTn]steescontinuetoadoptthegoing concernbasis inprewl￿ the financial
statements.
Investment Ineome
2021
2020
Rental income
330,000
338,159
Di]apidation compewtion
254.360
Interest receivable
2)234
102,028
332,234
694,547
Charitable activities
2021
2020
Donations
S25￿60
42&032
Included in donations are &lwationa] grants to 4 individuaLs totslling £111,642 (2020."
individuals received £14&200)

EIrahn￿ Charity Trust
Notes to the accounts
For the year ended 31 December 2021 (continued)
Support eosLs
902A
2020
Wages & salaries (Note 13)
Bank Ch￿eS
14al &professtonal fees
Rent and rates
127.281
126,706
2.018
1,264
68A54
17.893
98.0
17,249
Travel
878
2,332
40,637
42.350
ComTnunic2tions
2a58
3,181
Electricity and gas
Depreeiation
IiA44
10.885
119
159
Dilapidation ￿InstateMent costs
4,247
95as8
Iw65
Maintenance
4.881
suI￿rIptIOns and other
323
371.643
435.508
2021
2020
Audit Fee
IOA92
10,800
Tax advice
950
1,740
VATand other advice
2,100
1.698
139642
14.238
16

Elrahma Charity Trust
Notes to the accounts
For the year ended 31 Deeember 2021 (continued)
6 . Other Income
2021
2020
Income from sale Ofpro￿ty
65,695
237,327
Coronavirus Job Retention gAbeme daims
1&873
65,695
253,200
Tangible fixed a&sets
Total
FA￿pment Fittin88
Cost/Valuation
At i Janvary and 31 DttTmber 2021
1,784
511
2,295
At 1st January 2021
IA16
404
1.820
Cbarge for year
92
27
119
At 31 December 2021
I￿08
19939
Net Bookvalue
At 31 Deeember 2021
276
80
356
At 31 December 2020
368
475
17

EIrah￿ CharAty Trust
Notes to the accounts
For the year ended 31 December 2021 (continued)
Freehold Investment Properties
2021
2020
Valuation
At i January 2021
29.6w86
29￿9￿506
Additions
848.817
104.080
Revaluation
(994A03)
At 31 Ikcember 2021
29.550.000
29.695,586
As mentioned in note i. frtthold in￿ellt properties were re-valued with an effecti￿ date of 31
D￿ber 2021 by Mrs Frna Bailey MRtCS orC￿sh￿ & Wakthleld LLP. The basi5 0f￿vatiOn
was fair value a￿￿8ed in a￿OrdanCe with the International Accounting Standards Board and the
relevdnt parts of the current RICS Red Book
The 14aryTnLSt Company iamited acts as a nominee companyto hold tit1&8 to the properttes as
bare tnL8tees for and on otthe Eenefieiaries wh(6e names appear agai￿81 each such propety.
2021
2020
As at i January and 31 Decemkn 2021
3￿63￿63
3,363,363
The aEx)ve rdates to properties held by the charity that are bythird Parti￿ in furthemce of the
charitys objLYts.
io. Debtors:
2021
2020
Other debtors and prepaytoents
6,764
185,850
18

Elrahma Charity Trust
Not&s to the accounts
For the year ended 31 December 2021 (continued)
ii(a) Credntors: amounts falling due within one year
2021
2020
155.132
41.798
D￿c￿ed income
811983
8L532
8s80
8,518
Taxation
I4￿9
123,595
Other tsx and s￿1#1 security
255,443
2021
2020
Deferred income at i January 2021
81&32
80.502
Received/(released) in year
451
1.030
Deferred in￿rne at 31 Dttember 2021
81,983
81,532
The deferred income for the year repre￿ts renlal In￿Me reL%ived in advan
ii(b) Creditors: amounts falling due after one year
2021
2020
Rental deposit due
75.887
75.882

Elrahma Charity Trust
Not&s to the accounts
For the y&gr ended 31 December 2021 (continued)
12.Unrestricted Funds
2021
2020
Balance at tst January 2020
5592709636
S%l97.667
Net moTrtment of funds during the year
&916)
T2.969
Ba]ance at 31 Deceth 2020
549757*720
&S,270.636
. Employees
The average monthly numt*r of Fersons eMpk}y￿ by the trust Wds 4 (2020: 4). See below.
2021
2020
Staff eosts (for the aFA)ve persons)
Wages and salaries
119p206
11&459
IOa58
10,339
(4.000)
(4.000)
11717
1,9ll
127*281
126.709
No employee earn￿ £60,000 or r(￿ (2020: nonel All employees are er￿ed in the administration
and management of the Thjst.
As mentioned in the ThL%tees' Rewrt remUn￿atiOn of a]1 ernploY￿ is set by the Trustees. All key
managemeni decisions are taken by the Tn￿￿￿ are not rtmunerdted. Were the Tnlstees to
ddegate control over this area it would result in an increase in remuneration vthith they do not see as
necessary at present.
20

Notes to the accounts
For the y&2r ended 31 December 2021 (continued)
. Operating le&se reL%ivabl
Ai the Balance Sheet date the charity bad the following future winimum rentals receiwdbles ill
respect of non-C2ll¢ellable operating leases:
2021
2020
Within oneyear
330,000
330,000
Between one and twvyears
951157
660.000
4Z5*A57
lo8&￿7
The tnLStees did not receive any payment in role of tnL8tee or acted as agents for the cbarity, nor were
any expell￿ rein]bursed to them (2020: none).
16. Related Party Transartions
Dwing ibe year the charity received rr services from TristarT￿h solutio￿ Limited for vthich it paid
£1,182 (2020:£Looi). Mr Onw Meguisi and Mr HaT￿ll Megerisi are directors of Tristar Tech
&￿VtiO￿ lamiteil There Mtre no Oth￿ tmrty tra￿ctionS dwyng the year (2020". None).
17. Indemnlty insurance
An insurance premium of £1.676 (2020: £1,360) was paid to provide protection cover to the charity
agaiThst clain)s arising from the neghgent acts or defaults of its tThL￿t￿. employees or agents, and to
indemnify the tnL%tees tT other offieets agaI[L￿ the con8q￿ of arEy negleci or default on their
18. Capital commntments
As mentioned in the Trustees Report the investment propty at St John Street. L4)ndon ECI is
undergoing a prcyamme of refurbishmeDL The Tr￿st has committed to a eapktal spend as at 31
DecemE*r 2021 of £9.296.327.
19. Ultimate ￿ntrOll1Thg party
The Trustees aeting in eoncert are deemed to be the ultimate eontrollin8patyof the Tn]sL
21