Elrahma Charity Trnst
[fomeTly Charity Islamic Trust Elrahmaj
Annual report and financial statements
for the year ended 31 December 2022
Chatfity ReOstralJon Number 1026927

Annual report and financial statements
for the year ended 31 December 2022
. Pase
T￿￿ees. Officers and Profession81 Advisers................................................................
Report of tbe TnLStees for the year ended 31 DecembeT 2022.........................................
Independent audiiors, report to the t￿￿eeS of Elrabma Charity Trn￿.......................
Statement of financial actI￿tieS (induding incotne and expenditsre account)............
Balance shed as at 31 D&eml*r 2022.............................................._....................................... xo
Statement of Cash Flows..............................................................................................ii
Notestothe accounts.....................................-.......................... .
.12-22

Elrahma Charity Trust
Mr. Abubaker Megeri8
Mr. OmarMe8erisi
Mr. Oiman Megerisi
Mr. Harem Megerisi
Mr. Mohamed Megerisi
Mr. A]1 Abubaker Megerisi
Mr. Ahm&l Tarek Megerisi
(Chairman)
Haysmacintyre U
io Queen Street Plaee
IDndo
EC4R
National Westrninster Bank P
Pl£￿di1]Y & New &)ndStreet (A) Braneh
63-65 PicrJdilly
t•ndon
WLJ OA7
SolieitOT•
Breth
4th Moor
(4 North Row
IA)ndon
7DA
Regi5ttrtd
Offite
Suite 201
Stanmore Busine&s & Innovation Centre
Stanrnore Pjace
Howard Road
Stsnmore
HA7 iFr

Report ofthe Trustees
for the year ended 31 December 2022
The Thj￿eeS present their a[￿lla1 ￿port and the audited financial Statements for the year ended 31
December 2022. The accounts ha￿ been prepared in accordance with the accollnlin8 policies Set out
irt note A to the accouttts and comply with the Cbariws Thtst Derf the Charities Art 20ll and the
Statement of Recommended Prnctice for chariti￿ (SORP 20￿) (Second FAition, effedive i January
2019).
The Objects forwhsch E]rdhrna CharityThRsl i5 e*atAtshed are IhE relief of P￿￿rty&￿a advancement
of education and re]i8ion in the Muslim ComrnwJTty. to assisi the p)or and orphans of the tslamic
religion, to erect or help to erect schcK)Is. charttable irLstitutiot)s. mosques. orphanage5 and nllrseries
for the Is]arnic Communty in the United Kingdom and abroad. Priority is given to such charitable
works as may ￿ conduciTrT to oras shall ￿rthertht reliEf of wvertyand suffering arnong Muslims.
Grani makingpoliey
The Chartty provides donations and grnnts tQ individuals and (thr charitable organi5ations in
aeeordance wtth its objerts. ApplicatioDS for educational grants are reteived by the c￿rfty and
reviewed bythe tnjstees. are madeto applicants who meet the specific criteria.
In the year the charity has f(dtowed pol*ies of providing fitEaDLiai assistance to only those
orsattisations in the United Kinsdom and abrnad whose aims and ￿JectiVeS similar to its own
and were artively Enga&Ed in achievkngthese oiiertives.
The eharity provides financial assirtanee to onty those organi5ations with bona-fide resistered
d￿ritable status. The charitable instiiutions seeking ffftaockal 855istan￿ are required to submTL in
5UPPOrt of their appli¢xtion, theirconsiituhon in the fonn of aTn￿t Dttd, Mernordndum and Artides
of Associatiort of a lirnited Company wrytb cbaritable objectiNw and re8iStered as 6u¢h a8 a cbarÉty.
Financial assistancE/grdnts are awdrded onty to fidl time students s￿dinn8 in an internationa]ty
recogn15ed universityand theirapplication must be accompanied by references and reeoThmendation$
from forn)er aud present educational institutions. Applications from on]y those students are
considered who ha￿ athievtd exceptionallygo￿ resultsinthe1rprevt0￿ aeademie qualifications and
The followin8 properties are held es In￿St￿ents:
25 26 lrnt tane. ]4*ndon EQ. is let to ￿ndOll institute of ￿ance and Banknn&
to 35 St. John's Stree( knntqon F£4 was let Detrmber 2018 when the propertyt*eame
vacant. It is currentty under80ll￿ an extensive r￿tbIshMent in preparation for rdetting.
An independent valuation of the freehdd investment properties as at 31 December 2022 was
undertaken In Oclober 2023 byms Emma BaHey MRICS of Cushman 8rWakefield LIP. The basis of
valuation was frdirvalue &%se&sed in accorthce with the International.4c¢ounting Standards &)ard
and the relevant parts of the LiJrrEnt RJQ8 Red
This resultedill a teduction in the value at which the pn)wties are heldto £33,700,(￿.
In line with its o*ralJ objectives the Charity has forsome)tars owned properties which it provides
to other eharities for ihem to operdte as place5 of worshÉp, $Ch￿ls, and ftsr communitv actiiities. As
these use are in line with the objects of the ClwÉtythe properties CODeerned have been separately
identified as Programrne Rtlated Invtstments in the aceowits.

Report of the Trnstees
for the year ended 31 December 2022 {continued)
Satss()ryug the publit benefit dawe
Details of the main artiirytjes undertaken to fvrtherthe chart￿5 purposes forthe public I￿efit are
deseribed above under grant-ttlakingand ￿loW L￿derA¢hIevements and PerformanL*.
The Tn¥tees confirm that theyhaNE referred tothe guidance contsined in the Charity Commission's
genertl gu¥dantt on pub]ic benefit when reMewingtheTtust'$ aims aThJ objectives, in plannin8 its
fvture activities and in settingTts grnnt rnaking poiiry.
The audited account5 for theyeAr ended 31 Dettmber2022 have been prepared and accompany this
report. The Tn￿teeS are p]eased and Satisfied that the charity has achieved its Objecti￿ in
accordance with its constitubon and hOpeft￿ty￿￿1 continue to use Tts fiLn(L% to achieve the simllar
objectives 111 the fvture.
The totat nurnberof donations m8de to tharitalAe organisations and 0￿[St￿ inst]￿tIO1]SwaS 2 and
the total Ydlue of these donations was £3¥3a12 {2021.. £369,OT3). The total nurnber of students who
rec*ived eduv4tional was J3 and the totsl amount of avarded to these students WV5
£107556 (2021: £111.642). The finanoal Tdief to pcw)rfamllies amouDiedto £48.584 (2021..
4,845).
The Drganisations L￿e￿In8 from the charitsble donations in the United Kingdom and abroad were
involved in runnins 5choo]s. mosques. adujt education dasses. orphanages. nurseries, spOnso￿h]p of
orpbans, studeE)ts. poor fami]ies and prO￿S1on of humanitarian ai¢L
The charity d¢xs not fund raist wilh members of the public and atwnlingly theTe been no
complaints receibrd re8arding fiwd raising in the year (2021: Not*e).
The income for the yEarended31 De￿rnber 2022 was £409.786 (20￿. £397.929). Dllring the
the investment properties We￿ rewdlued 7whÉch resulted in a Ios5 on rev81llation £4,026352 (202A.'
£994,403). Investment incorne for the year was £409,011 (2021.. £w234).
The cost of cbatitable athryties. ududing gowtrnance costs, was £817506 [￿￿1.. £8￿203). The
Governance costs arnountedto £11,460 {20￿. £J3.642). The Operating1a￿ forthis period was
£4,H5,532 (2021: £4507,3A9) and at the year end. the ag&regate va]ue of the funds was £49Jl7,785
[2021: £53.763317).
The powers of the Trustees, induding the pow*rs of in¥e5tment. are set out in the Th]st Deed These
include inveslment in freehold and leasehold properties {more than 60 ￿ar$) and in approved
investment fund5.
The Trustees seek to ID pmpertiefj in sought after locatiotLS vthich they consider offer a
sati5faLtory return both in tern￿ of inconxe and prospecfft cApital appreciation in the long terrn.
without assuming an undue degree of risk. The income is used to make charitable donatjDns and to
meet the cost of maintsining the charity. The requirement that a pmperty offer5 prospects of capital
appreciation is intended to ensu￿ that the tharrty maintains sufficient tapital, in the (onn of incom
pr(Mlllcing prn[￿, to be ab]e to mett IL% comrnitinents in the fvture.
The t￿￿tee￿ are 4atisfiedwlth the r￿rfr￿1nallce of the In￿StMents given the of ottllpancy in the

Elrahma Charity Trust
Report ofthe Tntstees
for the year ended 31 December 2022 (continued)
The assets that make up the cbariws fi￿&Sa[C urutstrieted and aLwrthngiythryore a]50 available as
the seneral reserves. In addttioTh to careful plannin8 of the cash )qow, so as to meet both 8rant
commitments payalAe in the year and the admintstration expenditure frorn the agreed budget, the
chartty ainks to maintsin a wh resem to Lry)VEr antiapated grant and rther fvture commitinents in
the current and forthcomingfinancial years
Vhiist theTntytees have substantial cash Ttservesthey a￿ expectingto spend a 5i8nificant sum ITh the
refurbishTnent of one of its properties. Now that the arn(￿nt needed to fund this is clear, theTrnstees
are a¢tiYelyseeking oppJrtunTties to invesl in anrther iniestTnent property.
Given the sttaiglrtfomrd na￿re of the aL*iYtbes of the charity. the tn￿teeS are of the opinion that
artaly5isusing not necessarytoran widersta1￿IDg0( the development. ttrforn)anee or ￿sItion
of the business.
The ThLStees consider major risks to whith the OfEaTriSation Maybe exposed at their meetings
and considerthe likelih(KMI and impart of ajl signifi(xnt tisks. All significant risks, togetherwith
Current mitigation artions. are revieweAI re8ularly tlwoughout the yearand the ThE*ees are satisfied
that Systems have been devdoped and are in place lo mttigate identified risks to ao aceeptable level.
The prinotd risks and uncertaintTre5 identified bythe charttyare Ls fdlows:
Risk identified
Adion taktn to m£ti8ate the risk
Shortfall on receipt of propeIty income.
The Thxstees put ernphasis on the quajyty of
tenant covenants. In additionthe charity has
subsfantia] ￿serveS whith would Pro￿de cover
for activities Should there be a shortfall.
Reputstional arising from d￿ritable
activitie6.
The Tn￿ee$ rnainlain a close invohrernent in
the charity's dayto dayaLttvthts and donations.
In additiOD procedures and controls are
re￿lartyrelryewe(L
Reduction in application5 received for
charitable he]p.
A marketing plan forthe Charity is under
consideration.

Report of the Trustees
for the year ended 31 December 2022 (contlnuedj
PLANS FOX FifwRE PERIOL
The triL%tees *ill continue to take Steps to nuX1￿ tne0ft￿ from invEStments by seeking higher le
of ¢)ccupancy on its freehold investment propertie5. In addition further investments in investment
property are planned. The refurbishrnent of the St Jokn Streei pn)perty is pro8ressing and should
complete in 2023. theTn￿IeeSare pursuingthe relettingof this itivestment with a viewto maximising
the longterni rethrn thereon.
The tiitstees pm¥￿je protwt*s foT the w of ¢rther cbAritie& Sh(￿d the opporti￿lty ari%e furtl
pnwarnme related mvestrnents ￿11 be made.
Elrahma Charity Tr￿St was registered a5 a charity with the Charity commi￿10ntrs (Rewtration
number 10269r) undera Tn￿ Deed exeeuted on Y/ September 1993.
The T￿￿¢£$, all ofwhom held office duTin8the)Ear erded 31 Decemter%)22 and upto the date of
this reportwere:
Mrthbaker Me8erisi (ChaTrrn?ah)
Mr Omar Megerisi
Mr Otman Megerisi
Mr Hazem Megeris
Mr. Mohamed Megeri5i
Mr. A]i Abubaker Megerisi
Mr. Ahmed Tarek Megerisi
The fiJ3t four tn￿tee5 are the founder member5 of the Trust sintt its dedaration on 27 September
1993. The Trusl Deed requires a minimum of three trustees and gives the tntstees power over the
appointment of fvrthertry￿tee5. Jn sdectin8 further perwns to appointed a5 tn￿ets, the trustees
are requiredto take into aecount the beneffts of appointing a person who is able by virtue of his or her
personal or professional qualifications to make a contrfbutlon to the pursuit of the objects or the
rnanagemenl ofthe Charity.
Thes￿rnIn8t￿YOfthe Charityiithe Board OfTh￿tee5,WhtiCh comprises seven rnernbEfs and meets
at least ts¥1￿ a year to review the ]krfornunce of the Charity. The Board of Tr￿tee5 has set up a
Committee of two trnstees induding the Chairman of the Board. It meets on a regular basis and i6
activdy involved in supervising the Charitys administrative and finanaal affairs and a]so makes day
to day management decision& It approves edUL￿10nal grnnts to Muslim bkndents and funding to the
Islamic irt&titutions.
NewTrustees undergo an induetion prrtesswhich indttha briefings￿10￿ and meetiny with other
tntstees. An induction pack is gi￿￿ to new Tnjstees and additional opportunEties to attend erternal
meetÉngs and conferences are offered and encouraged. On8oingtraining needs are assessed and met.

Elrahma Charity Trust
Report of the Trustees
for the year ended 31 December 2022 (continued)
The ￿mIll)eration of employee5 is set ￿. the TT￿￿eeS.All ko" management decisions are taken by
IheTrustses WI￿ are tMJi remuDerate(L Were the Tnjstees to delegate control over tbi8 arv4 it wou]d
result in an Incre￿ in remunerntaon which theydo not see as nect$5aryat prtsent.
Statement of trustees. rtspowlbllltles
Tht tntSlee5 are r&stK>nsible fur preparing the Tn￿ee$, Rewrt and the fiDanciai statements t
aeLY)rdance with applieablÈ law and United Kingdom Accounting Standards Iunitrd Kingdom
Generally Accerrted Accounling Prartice).
The law applioble to d￿rItieS LD England & Wales Tequires the t￿￿ee5 to ptEpare financial
staiements for each financial vear V4thich a trne and fair iiew of the State of affairs of the eharity
and of the in￿ming re50urc¢s aDdappiicat¥)n of rtsourtes of theebarity for that ￿riL￿1. In preparing
th* financiaf statements. the trustees are required to..
select Suttsble acuJuDtinK wlieie5 and then apply them cotwtendy:
obseTrY the metho(ts and prineiples in the Cbaritits SORP;
make judsements and estimatss are relwnable and prudeni.
.state whether applicable accowiting standards ha￿? been followed. subjeet to any materi
de￿rn￿ di￿oSed and explained in the financial 5tstements'
prepare the financi￿ Sthlen￿Dts OD the coneern b&sis unless it is iDappropri&te to
presume that the eharit). continue in
The trustees are rt8W>tLStble for kwing proper ￿0￿￿ting recor(Ls that discj￿ with reag)Dable
acLufdCy at an} time the financial rMx8itioD of the tharitv alld enable thern to ensure that the financial
statements compty with the Charities.4cl 201I. the Chanty1.4ccounts and Rep)rts) Regulations 2008
and with the Trust Deed Theyare also resp)nsibleforsafe8uardingtheas5etsof the charity8nd her¢ee
for taking reasonable $ieps fortbe prE%Ention and deteetion of fraud aud other irregujartties.
Inforniatioh prO￿ded to •uditor8
Yith rega¢xl to the preparntion of this AruJua] RekK)n and Firwjctaj Statements. so far each trustee
is aware, there is no reknnt atsdit inforniatton of whieh the charity's auditors art unaware. and each
trustee h&¥ taken all the steps thai he ou8bt to hair iaken a tnLStee in order to rllake him5eJf aware
of any rele￿nt audit infornJatioD and to e5tabli5h that the charity's •udiiors art aware of that
infonnation.
A resojutiun to reapp)iot Hay5macintyre as audrtors to the cbarity be prow*ed at a firture
trn5tees' meeting.
By order of the TnLqrets."
Abubaker Megetisi
Tr￿Stee
[￿tober 2023
2é/io/zo ZJ

Elrahma Charity Trust
Opinion
We have audited the financial statements of Elrdhma Char1tyTh￿tj for the year ended 31 December
2022 which COmPTise the Statement of Finantial Artivities, Balauee Sheet. Statement of Cash Flows
and notes to the financial ststements. illdudint a summary of sisnificant accounting po]icie5. The
financial reporting frameworkthat Iw been aptdied in their prepardtiott is applicable law and Umited
KingdomAccollnting Standards. induding W￿ancial Reporting Standard 102The Financial Reporting
Standard applicable in the UK and Rewblic of Ireland (UnTled Kingdom Generaljy Accepted
Accountin8 PtaLtice).
In our opinion. the finaniiat statements:
give a true and fairviewof the state of the chariWs affairs as at 31 December 2022 and of the
Charit￿$ net movement ID for the year then ended..
have been propEty prEparEd ID aceDTdanee with United Kin8dom Generally Accep*ed
Accounttn8 Practice,. and
have been preparEd in oux*rdance with the reqDirellwits ofthe Cbarities Act 201L
We have ￿en appointed auditor wider section 44 of the Charities ACL 2011 and report in
accordancewith the.4rt and regulations mxde or havitigeffectlhereunder. We eondurtEd our
audit in actordanee wth Internationa] Stsndards on Auditing UTK) IUK)) and appllcable law.
Our responsibllTthes under those standar&% are thrther described in the Allditofs responsibilities for
the audit of the financial statements seetion of our report. We are independent of the charity in
cordance with the ethical requlrements that are ￿leVant to our audil of the financial statements in
the UK indudin8 the FRCS Ethitsl we have hilfilled our other ethical responsibilities
in accordance ￿th these requirements. We bditht that the audit evidenLt we have obtained is
suffiaent and appropriate to provide abasis for our opknlon.
CoD¢lwion8rd*tiDzlo 801118 concern
In auditing the financial stalernents, we have condudtd that the trustees. use of the going concern
basis of accounting in the preparation ofthe fi[w1¢i￿ statemeTIts is appropriatL
Based on the work havE performed we have not identlfied any material uneertkinties re]ating to
events or conditions that. indE￿all&llY or collective]y, nydy cast signifiranl thiubt on the
Igroup/charity]'s ability to continue as a going conttrn for a peri￿1 of at le&%t twElve months from
when the financiat ststemeuts are authori5ed forissu
Our FestM)nsibilibes andthe responsibilitiesofthe trurtees respertto goingconLYrn are descnTr*d
in the relevant sertions of this repo
The tnutee8 kre reswnsible for the other information. The other inforniation comprises the
Inforn￿tiOn included in the Report of ihe Tntstees. Our opinion on the finantial ststements does not
etsver the other inforniation and. except to the extent otherwise explicitly stated in our report, we do
Dot express anyform of asswance wndusion thereon.

In connectTron W￿th our audit of the financial statements, our responsibility is IO Ttad the other
infonnation an(L in doing so, consider whether the other information is materially inconsi%tent with
the finanoal statements or our knowledge obtained in the audit or otherwise appears to be materia]ly
misstated. If we identify such material in￿￿LStentIeS or apparent rnaterial mi55taterneDts. we are
required to deterniine whether there is a material misstaterneTht in the financial statements or
rnaterial rni&ststemenl oftheotherinforuHtion. If. b￿d ontheworkwe have perfonTre(L we conclude
thatthete is a material Mi￿tateMent of this otherinfonnatton, we are required to report that fact. We
have nothingto report in this regar
Matters QD which we are requrtd to by uception
e have nothing to report in reS￿rt of the following matters ID relation to whieh the Clthrides
(Accounts and Reports) Reguiations 2008 require ￿ to report toyou if. in our opinion..
adequllte attounting rteords ha￿ not been keptby tlje charity, or
suffichent accourting records ha￿ nrrt been kept,. or
the C￿rityfitt&0li￿l sfaternentsarenot in tgreernentwiththe acrounttng rfford5 ind retllrn5'
OT
we have not relYi￿d all the inforn4tioD and explan8tiorts￿T requiTt foT our audit.
As explained more ￿1]Y in the tnLStees' responsibilities statement set on page 6, the trustteJ are
re5pon5ible for the prepardtion uf the flnaneial statements and for being sati5fled that they give a true
and fair view, and for wch internal Control as the tnLStee$ determine is nEcessary to enable the
preparauon of fioancial stattlDeDts thai are free from material mthtemeDL whether due to fraud or
In preparin8 the financial ststeD)ents. thetnjsiets are respor4•￿Ie fora&sessingthe chariws abi]ityto
continue as a goin8 COnLZrn, disdosin& ￿ applicable, matter5 related to 8oin8 LX)n¢ern and using the
goiDg concern basis of accountin8 unless the trustees eTther intend to liquidate the charyty or to etast
operations, or ha￿ no realirticalternatisr to do so.
Aud1torf8re&poD￿l￿flitICS forthe audit of the fin*neial •tstements
Our objectives are to obtain ￿aSonable a5sufdll(t about whether the financial 5taternents as a whole
are free from o)ateillal mithtement, wbether due to frdud or ernjr, and to issue ao auditor's report
that indudes our opinion. Reasonable a&SUran￿ is a high level of assuranc4 bul i5 not a guarantee
that anaudit conduL*ed in 3ttordante wilh ISAS (UK)will atwaysdetert a material misst3ternentwhen
it exists. Mi&statern2nts can arise from fraud or error and are considered materia] If. individuall> or in
the ag8regate,theyeould reasonab]ybe expertedto imfiuencethe economie decisions of user5 taken on
the basis of these fiDanoal staiements.
Irregu]arities. induding are IT￿tanceS of notKomplianee laws and reglllations. We design
prwedures tn line with our rtsponsibilities.outllnedabo￿.to detert material misstatementsin respert
of irregidarities. induding fraud The eKteDt to which our procedures are capable of detecting
irrwlarities, indu¢Jittgfraud is detslled bejow.
Based on ourunderrtanJingofthe charityandthe en￿ronment inwhich li operates,we identifiedthat
the principal risks of non-compliante vrith law5 and re8ulations related to compliance with the
Charities art 2011, emF4oyment law and heatth and safety reslllations. and we considered the extent
to whieh nOn￿OMplIanct might have a material effert onthe financial statements. We also Considered
th￿e laws and regu]ations that a dirtt* impttrt OD the preparation of the financial statements

Elrahma Charity Trust
suth as the Clwities Act 20￿ tbe Staternent of Recommended PEaCtI￿ for C1￿1t1￿ (SORP lo￿),
We evaluated management's intentThYs aDd oP￿)rtunities(0rfr8lldUltnt ttthnipulation of the tlnandal
statements linejudins the risk of override of tonirols). and deterntined that the prineipal riskq were
related to recognition of income and management bias ttrtain accowitiDg estimates. Audit
pr￿ed￿re5 perfonned bythe engagement tearn induded:
Iwecling COTresp)ndettee wtth re￿lat0T5 and tsx authorities;
Discussions with maDa8ement induding o)nsideration of known or sll5￿ed instance5 of
no￿￿0Mpli￿nce with laws and rwlation and fraud.
Evaluating man88ement's controls designed to prevent and detert irregularitie5'
Identifyin8 and testing journal& io partiakn journal entiies ￿ted at the yeaTrend or with
unusual descriptions. and
Challetlging &swmptio￿ and judgements made by management in their critic4J accounting
estimates.
Because of the inherent limitations of an audi( th￿¢ is a risk that ￿11 not detect all irregularities,
inc]udingthose leadi￿Èt0a materia] misststement in thefinanaal statements ornon-cornpliance writh
regulation. Thi5 risk increases the more that compliance ￿th a law or regulation i5 removed from the
events and tran5artions Teflected in the finanaal staternents, as wi]1 be less likely to become awaTe
of instantts of not)-LYJmpliance. The risk is also greater regarding irreglltarities occurring due to fraud
rather than error. as fraud inwlves itttentiona] coneealment, forgery, cotlu5ion. ornission or
rnisrepreseThtation
A further description of our tespL*bililies for the audit of the financia] statements is Icoted on the
Finanaal Repotting Cound'5 website at:
rsr
. This description forn
part of our auditorfs report.
ThTrs re￿rt is made 501ety to the charitys tnTrsttts, as a bcdy, with seL*ion 44 of the
Charities Act 2011 and regulatioD5 made under section 154 of that Art. audit work has bten
undertaken so that we might stste to the charitrfs In]stees thtsse matters we are reqiiired to state to
thetn in anAuditor's report for no other purpose. Tothe fithest exient pennittedbylaw. we do not
aecept ora&8iime re5pon$ibiltyto anyone otherthan the chariW8 Irusttts as a LKMlyforourauditwork
forthis retKJrt. orforthe opinions we have forme
Haysmaaty Lt
StatutoryAuditors
een Street Plaee
london
30th October 2023
EC4R
Haysmaontyre LLP is eligiblE to act as an auditor in ter•)s of section I2￿ of the Companies AL*

Statement of financial activnties for the year ended 31
December 2022
2021
409.OIA 332.234
775
6).695
409)786 397.929
&4&5
828.966 910045
828,966 910.845
(4A9?180) tsJ2,9J6)
{4.026a52) (994A03)
{4￿45￿32) (Iso7a19)
Rety)Deiliation of t￿la*I
B￿Ce btougbt for￿n14t tstJ•nury
&3.763Ji7 55.270.636
io

Balance sheet
26 at 31 December 2022
Ni&e
¥ox*
2021
i.oE8
3y>
33?700.000 29550.000
3.363+363 3a63J63
UDJixtPAI ltsvestmeDts
io
102.800
37.167.181
32,913,719
48.241
156.764
Cathat ly*Lk aDd iry haknd
12a25.003 21.028,975
12a73*244 21,185,739
Crditors.. irn(NJnts I￿140￿e)￿ar
(a)
(146.622) (260.254)
A2,226.6aa 20.92&485
(76.018)
CTtditors." attLOUlll& I￿1￿$dUt *ftu rtsore tb*D one)
175,887)
49.317.785 S3,76&317
49al7.785 ￿.?63.317
The fi￿nCIl[ statettLen15hYe appr(*4￿d ar#1 JLuthorLsed for i&￿E bythe Bo•rd of Trustru kntre si8nd on
theIr￿b￿b￿.
Trustee

Statement of Cash Flows
2021
Net￿h (￿se￿￿1)
40%011
332,234
Gaitsfr(xD6thofpr0￿rtY
65.695
(xo4800)
18.703,9T2) 11.327,712)
12
(4￿45￿32) (Jso7319)
119
{65.695)
(Y26.&52
994,403
(409.oAI) ts32,2341
29.086
816
L4wuJ In&YstmeDt pr￿ty
OA
Neta•h
At31
Ati JAnw'
Cashat kn￿k￿l in hAt¥J
.028.975 (8,703,9T2) ￿￿*s?01y8
Trtal
,028.975 (8.703.972) tsJ25,0(YJ

Notes to the aeeounts
For the year ended 31 December 2022
i Accounting policies
The financial statetnents ha￿ been prewed in aetordance wtth the &atement of Recornmended
Practice for Charities {SORP 2015) (Second FA4ition, effecti￿ i January 2019) and the Financial
Rep)rtingStandaTd applieaEle in the UK and Republic of Ireland (FRS I￿1).
Elrahma Chairyty Thjst meets the definition of a pub]ic benefft entity under FRS ioz Assets and
liabilitTres are initially reco8nised at hist0fiL71 c06t or traThsaction value wdess otherwise slated in the
relevant accounting policy note&
The c(kst of tangible fixedassets. otherthan iTrNestment properties. istheir purchase cost.togetheFWith
any inudental expenses of acquisition. All tangible assets costing mDrethan £100 are eapitalise& and
aTry Ttem costin8 less than this is written off as expenditure. Depreciation is ca]odated $0 as to write
off the c£*t of tangible r￿d assets, less their estimated restduaTr ￿lUeS. ovEr the expected useful
ecoDOmiC liNTs of the assets concerned on a reducing balance basis:
Office Equipment
25% per annum
Fixtures and fittings
25% per
The Investment Properties are held at fair value. No depTEciation is charged and rnfftments in
valuation are takento thestalement of Finaftcial Activities. The most recent independentnluation of
the freehold investment prDpErtie5 With an effecth date of 31 December 204 was undertaken in
October2093 byms FJnrna BaileyMRICS of Cuslunan & Wakefield LIP.
Progrnmme related inNtstments are thLY a$￿ts that azt by third parties in furtherdnce of the
charitys objects and not for fmanlial retutYL These assets are vakned at original cost and are not
depreciated.
UnlisteditNe5tmentswere in1tialtyva￿td at Cr￿ whichthe Tr[￿tee&bpj1eYe ewates to fairvalue and
art held at fairvalue at each ba]?Dce sheet dat
Monetary assets aDd ]iabailie5 have been translated 5terlingat the rates of excbanse rnling at the
year end. All other foreign exclwi8e differentes are taken to the sun￿￿ry of Thnantial Activities in
the year in whkch they arise.
Inco￿t reeognilaon
The charity recogni5es income when all of the follo￿n8 criteria are rnet: the charity ha5 entitlement
to the funds and any performance conditions attached to the items of income have been met, it is
probable thatthe income be Yeeei¥tdandthe amount can be rne&wrtd Teliably.

Notes to the accounts
For the year ended 31 December 2022
i Ae¢ounting policies (Continued)
Where incorne has relatedexpenditure (aswtth fijndraisingorsirnilarincotDe).the income and related
expenditure are reported grw in the Statement of Fsnanaal artivitie&
In￿rneD1 income mainty represert% rentals receivable from tenants occupying the investment
properties and is acCou￿ed foT on acen￿ts basis. Interest on deposii funds heid is induded whe
receivable and the amount tan be Measured te]iabty. Di%idends are reeognised the dÉvidend has
been Oedared and notifi(xtion has been retti￿0 ordividend is due. This is norn￿7]Y upon n(*ification
bythe investment athqsorof the dividend yield of the in%￿ent PDrtfolio.
DonAttons wrnprist arnounts ￿1ved duringthe)Yar. Gits provided in kind arevalued based on cost
infoFmation wovMl2d bytF* doniy. aval￿ble an tStimate is made of cwyent •Alue in use of
the asset.
Irrecoverable valve added tsx (VAT)
The chatity is rewterEd for VAT and has otrteo to tax one of its propErtkes. As this is a partial
rewtration it ￿Tr￿￿t rtt¢)ver VAT ti pays ort some of its acquisition of 8th)ds and services.
Itrecoverable VAT forn￿ part of the char[￿5 overall ewditure and 15 either accounted for with the
expenditure to which it relat¢s or is L2Pitali8ed within tangible fixed asset&
Fwndilure is tteognised oncethere is a leyl 0rcotistn￿Ye obliEationto make a pa￿ent toathird
party. it is prnbable that settlement wlll be reqtslted and the anw)unt of the obligxrfoh eAn be
measured re]iably. A]1 expend1tll￿ ￿ atcounted for on an a¢£n￿lS basis underthe following headlngs".
Charitable actI￿lieS rep￿nts do￿tions paid by the ThLrf durin& the year and the c05t of serYice3
provided by50me staff members to the FJ Farwq Foundaiion.
Support costs represent the crjst of rnnning the chaiity and N)Itally Indllde the cost of the finante
fiinLlion. offitt faalities and information technology Costs. legal and professional fees and bank
chatges.
Certain expenditure isapportionedto eost otegoriesbased on the arnount atbibutable tothat activity
in the year. These estimates arE based upon staff time. AD anatysis of d1￿cl charitable expendtture is
awallable in nL*e
Governantt costs are those etssts asxKiated with strategic as Opl￿e to Charitys management and
administration cost&These it)dude Such item5 as external audit. legal attiryttand o)sts assoeiatedwith
eompliance of co￿￿tItUtional and sta￿tory requirement&
Unreslricted funds
Fun¢Ls are available to spend ort activitses that filltheranyof the purpow of the cbarity.
DebtOT8
Debtors are recognised at the settlement amount due after any trdde discourtt offered. Prepayments
are N71ued at the amouttt prepaid net of anytrdde dis(y)unts due.
e••h 4tb4Dk
Cash at bank aDd in band indudes bank accounts, cash and short ternj hiwyliquid Trnvestments with
a short maturityofthree rnonthsorlessfromthe dateofacquTrsilTronoropeningofthe deposit orsimllar
account.

Notes to the accounts
For the year ended 31 December 2022 (continued)
i Aixowiting policies (continued)
CreditOTS *ndpTWry6ioll6
Creditory and provisions are recogni4ed wheTe the chaiity hfts a preSETrt obli8ation Tesuhing from a
past eventthat probabjy result in thetransferof fundstoa third partyandthe ami)unt dlle tosettle
the obligation can ￿Me&￿red orestimated reliabjy. Creditor5 and provisio￿are nonnallyrecogni5ed
at their settlement amount after a]lowing for any trade discounts du&
In the view of the trnsiees in applying Ihe at£ounting policies adoptrd other than the valuatioll of
inwtmertt property a5 mentioned In the t￿￿ee5 report. no judgements were required that have a
$i8nificant effect on the amounts reeo8nised the fjnancial statements nor do any estimates or
assumptions made caThy a signifieant risk of matsrial adjustment in the next financial year.
Financial In8trumeDts
The Cbwity only has basic firwioal a85ets and fina#aal liabllities of a kind that qualify as basic
financial instruments. Basic financial jTtstrl￿e￿ts are initsally recognised at tral￿a￿lOn value and
subsequently measured at their settlement value.
Having reviewed the (und5 awdllab]e to the Chartty and the ￿ture projected eash flow& the Thstees
havt a reasonable expectation that the Charity has adequate re50UTce5 to continue its artiiryties for the
foreseeable future and cons￿der that there WEre no materiat w)certaini6es ovErthe Chartws findneial
viability. Accordingly.the ThLStttscontinuetoadoptthegoingcoDr£rnbasisiD preparingthe financial
Statements.
2. Investment Income
2022
2t12l
Rental income
330.000
330,0
Dfiapidation eompeDSation
Intere6t re￿1¥able
79.OIA
409JOII
331234
Charitable activities
2022
Donations
S49A52
52S,560
Induded in donations are educational &Vdnts to ￿ iAdividuaLs tctslling £107&56 (21Y21: 4
iudividuals received £JiL642)

Elrahma Charity Trust
Notes to the accounts
For the year ended ￿ December 2022 (continued)
4. Support costs
21Y21
Wys & salaries (N(rte 13)
Bank charges
i￿a.177
281
2,018
& prole&sioDal fees
81.196
68￿￿4
Rent and rates
x8?930
17.893
1.020
878
In￿rance
39.887
40.637
Communications
2J58
FJe(triiityattd gas
16.849
IL244
Depreciation
339
119
9&358
Maintenance
528
4.881
Subscription5 and other
1.819
323
Ststionery, tK)stage and prinliDg
vJi
268,054
37L.643
Audit Fee
10.AOO
IOS92
Tax advice
A•040
950
VAT and otheJ advi
320
2,100
XIA60
.f42
x6

Notes to the accounts
For the year ended 31 December 2022 (continued)
6 . Other Income
2092
2021
Income from sale of property
65.695
Sundryincome
775
775
6&695
Tan￿711¢ fixed assets
Total
Equipment ujd Fittith38
C•8tlVahthtion
At i January aoya
2.295
i.i)oi
4785
SIJ
3496
At tst Janllary*A2
431
4WJ9
Charge for yur
319
339
At 31 Deeunbtr 20
2978
Net BoOkV￿lle
At 31 Detember 30ZZ
938
1.018
At 31 DecemE¢r 2021
356
17

Notes to the aecounts
For the year ended 31 December 2022 (eontinued)
8. Freehold Investment Properties
2021
V￿￿ltion
At i January2022
29￿50,000
29.695586
Additions
8,176a52
848.817
Rmluatioft
(4.026a52)
(99M03)
At 31 December 21r22
33.700.000 29.550.000
As met)tioned ttote i. freehold investmenl properties were re-va]ued with an effeebve date of 31
Detember 2022 by Mrs Emma BaileyMRICS of CushmaTh & Wakefield LITr. The basis ofvdluation
was frdir value assessed in accordance with the JnternatioDalAccounkngStandards Board and the
relevant parts of the eurrent Rias Red Book
The IwryTrust Company iimiied ad5 as a nominee cotnpanyto boldtitles to the proF*rties
barE tnL4tees forand OD behalf of the bEDeficiaTie5 whose names ap￿ar agaiThrt ead] such property.
20
As &t i January And 31 Dccember 2022
3?363?363
3J63,363
The above relatts to propertie5 held bythe cbarit), that are ￿ed bythird parties in fvrtherartce of the
charitys object&
18

Notes to the accounts
For the year ended 31 December 2022 (continued)
io. Unlisted Investments
Balanc¢ at tstJanuary 20
Additions
102.8
Balantt 8t 31 DeceDJber 2022
Unlistedinvestments mmprise 80 B shares in Clvo iimitelt
ii. Debtors: amount falling due within one year
2021
Other debtors and prepa￿ents
48*24t
6.764
12(a) Creditors: amounts falling due within one year
2021
Trade creditors
55,621
1&5,132
Deferred income
82A91
8L983
Accrnals
8410
8.580
Taxation
14S59
46,622
300.254
The deferred ineome forthe yearrepresert% rental ino)me rtteived in ath7nc
19

Notes to the accounts
For the year ended 31 Dettmber 2022 (continued)
Deferred iticome at i J•nuary2(
81.983
Rettivedllreleased) inyear
508
451
Deferrtd at Ji Deternb￿ 202*
82A91
81,983
12(b) Creditors: amounts falliD8 due after one year
Renknl depO￿t th
76.018
75,887
2021
Balance at tst January20
53,763a17
55.270.636
Net movement of funds during theyeor
(4A45SS¥)
(Ao57J19)
Balance at 31 December 2022
49Jl7.78s
53.763a17

Notes to the accounts
For the year ended 31 Deeember 2022 (continued)
. Fmployees
The average mottthty number of persoDS employed bythe tsitstwas 5 (20￿. 4). See ￿lOw.
2021
Staff costs (forthe abfft persons)
Wages and salaries
99)040
Il9,206
7￿71
IOJ58
Employer5 NIC allowance
ts.000)
(4.000)
PeLsioDs
Is66
1.717
i(YJ.177
127,281
No em￿OYee earned É60.oooor tnore (2￿￿. nolle). All employees are enga8ed in the administrntton
and managemetrt of the TrusL
As mentioned in the Thistees. Report remuneratkon of a]1 emp]oyees is set by the Thistees. Ail key
management dffisions taken by the TnLslee6 who a￿ not remuneAted. Were theThstees to
delegate eontrol over this area it would result in an increase in rtrnw￿8ti0ll whiththey do noi see as
necwary at presenL
15. Operating lease receivables
At the Balance Sheet date the charity had the foUoi¥in8 future minimum rentals reLtivables in
re5peLt of non-canrtllable opeTatinglwe5.'
2021
Land and Bullditk8•
Wrthin one )*ar
95.157
330.000
Btheen one andtwo )Tar8
951S7
Between two and five)ws
9&157
425.157

Notes to the accounts
For the year ended 31 Deeember 2022 (continued)
The tr￿￿teeS did not receive any pl￿nent in respttt of their role of trustee or a(*2d as agents for the
charity, nor were any expenses teimbursedto thetn {2021: none).
A7. Related PartyTran8actiOn8
Duringthe year the ehanty re￿]ved ITservices from TristarTech Solutions timited for which it paid
É2.109 (20￿..ELL82). Mr Omar Megerisi and Mr Hazem Megerisi are directors of TristarTeth
Solutions lamtied There were no other Tejattsl party1M￿arti0ns dwingthe y￿r {2021.. None).
18. Indeintiity insrnce
An insurance premium of £1?6￿/ (202L.. Ei,676) was paid to pr￿Ide protection cover lo the chajity
against daims arisitlg from the negligent acts or defaults of its tn￿tee$, emploites or agents. and to
indemnity the trwstees or rther offittT5 asainrt the consequett￿ rf arty neglect or ¢lefau]t on their
% ]lletttioned in the Th￿ee5 Repjrt the investment pro￿rtY at Si John Street, bJDdon ECI is
undergoing a programtrte of refurbi5hrneDL The Tr￿t a commitment to further rApital spend as
at 31 December 2022 01£1,728AOS.
The Trusteu aLtiD8in CODeert are deemed to be the ultIm￿t o)ntrollin8 party oftheTrnst.