Cb4rity' registration number 1063835 (England and Wales)
Company registration number 03398543
THE HANOON FOUNDATION
ANNUAL REPORT AND UNAUDrrED FllYANCL4L STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

THE HAN00Tr4 Fouf4DATION
LEGALAND ADm[NISTRATIN￿ INFORMATiof4
Trustees
DrAbmed Massoud
Mr Khaled Dawas
Dr L Nashef
DrAAwwad
DrA Misbahuddin
Mrs Y Tabbakh
Ms E Simon
MrNJRCbia
Mr R Niven
A Doust
F Abdulhadi
MrA Sallcetta
MSAlam
(Appointed l Aprfftl 2025)
(Appointed l April 2025)
(Appointed l April 2025)
(Appointed l April 2025)
Secretary
Mrs S Nather
Cbarity number (England and Wales)
1063835
Company number
03398543
Registered office
86-90 Paul Street
London
EC2A4NE
Independent examiner
3rd Floor
Chancery House
St Nicholas Way
Sutton
Surrey
SMI IJB

THE HANOOIY FOUNDATION
coNrENrs
Page
Truslees, report
Independelll examinerfs report
Statement olfinancial activities
Balallce sheet
Notes to the fjnancial statements
10-16

THE HANOON FoufiDATE0Tr4
TRUSTEES, TRUSTEES REPORT IINCLUDIP4G DIREcfoRS' REPORD
FOR THE YEAR ELYDED 31 DECEMBER 2024
The trustees present their report and fmancial statements for the year ended 31 December 2024.
The accounts have been prepared in accordance with Ihe accounling poli¢i¢s set out in note I to the accounts and comply
with the charity's Articles of Association, Ihc Companies Act 2006 and "A¢¢ounting and Reporttng by Charities.. StalemetLt
of Recommellded Practice applicable to charities preparing their accounts in accordance with tELe Finatlcial Reporting
Standard applicable itL ttLe UK and Republic of Ireland (FRS 102)" (as amended for accoutLIÉDg periods comtuencing from I
January 2016)
Legal and Administrative Information
The organisation changed ils name lo The Hanoon Foundation on 5th August 2024 and this cbange was approved by the
Cl￿rIty Commission, Companies House and formally adopted at the September 2024 AGM. This report covers the period
from 1st January to 3 1st December 2024, during wEll"ch the organisalion operalcd as the Al-Quds Foundation for Medical
Schools in Palestine IFQMS) for the first sevell months and as The Hanooll Foundation (THF) for the remainder of the year.
Objectives and activities
The Foundalion forAI-Quds University Medical School (FQMS) w&$ Inco￿orated on 3Tr1 July 1997 as a comp&ny limited by
guarantee No 3398543. FQMS received registrdtion of it charitable status from the Charity ComtDi5sioner5 on 7th August
1997 with the r¢gistered charity nurnber 1063835.
The trnslees have paid due regard to guidance issued by the Cftwity Colljmissioll in deciding what activities the ch￿lty
should undertake.
This report covers the period b¢￿eell Isl January and 3111 December 2024.
The 27th A[￿Ual General Meeling (AGM) of the organisatlOD w&s held online on 26th September 2024. Mr Khaled Dawas
chaired the meeting. The remaining Trustees during the rew)rting period were Dr Abmed Massoud (Vice Chair), Dr Ra￿a
Clwif, Dr Awwad Awryvad. Dr Lina Nashef. Dr MisbalLuddin (Vlce Chair), Ms Electra SIMO￿ Mr Naseer Chia, Mr
Bob Niven and Dr Yasmin Tabbakh.
Leadership Transition and Trustee Recruitment
Mr Khaled Dawas stepped down as Chair after eight years. His leadership has shaped THF'S worL and we are pleased that
he will ren]aiD actively involved as Vice Chair.
Dr Ahtned Massoud has been sele¢ted Chair. effective 1st January 2025. His leadership will guide IILe next stage of THF'S
growt￿ butlding on past achievements while exploring new slralegies and ¢xpanding networks.
At the end of 2024, the organisalioll also began a recruitment process to appoint new tNstees following the resignation of
two Board ttLembers in 2023. This aims to strengthen governance by bringing in people with a broader range of skills,
experience and backwunds.
Tru5tees' Meeting5".
The Trustees mel regularly, both virtually and ID perso￿ on the following dates:
14th January 2024 (online)
25th Febrnary 2024 (hybrid)
24th May 2024 {Olllin¢}
9th June 2024 (hybrid)
29th August 2024 (online)
Between meetillgs, business was ¢onducled via email atth subcommittee meetings. with project leadership as follows:
Professional Development FuDding Conference and Courses: Ahmed Massoud and Khaled Dawas
Governance and Strategy: Khaled Dawas. Bob Niven and Naseer Chia
Postgraduate Trailling Programme: Lina Nashef. Khaled Dawas and Naseer Cbia
Undergraduate Scholarship Programme including coordination with Partners (The Madrinha Trust and
International Arab Charity - IAC): Kbaled Dawas, Rawya Charif and Anjum Misbah¥Jddin.
Social media. Design and rebranding: Electrn Sitnon, Yasmill Tabb8kb, Allmed Massoud and Khaled Daw8S
FundraisiDg and Social Events: Chatred by Anjum Misbabuddiffj supported by Electra Simon, Rawya Charif,
Lina Nashef, Khaled Dawas, Ahmed Massoud and Bob Niven.

THE HANOON Fouf4DATION
TRUSTEES, TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR Ef4DED 31 DECEMBER 2024
Events & Conferences
T&e organisalion held three major events that strellgthened eottllnuniry engagement and rdi5ed funds for medical education:
28 Januarv - Fundraising Lunch. Maroush Park Royal. Over 220 guests attended Ibe event, with keynote
speeches from Dr Ghassan Abu Sitta and Professor Nick Maynard, as well as talks from Palestinian medics who
had worked and served ID Gaza. Live musical perfornL2nces were given by Ms Sburooq Abu Nas, Maestro Pierre
Khawam, Nfr Aboud Harb and Mr Salah Khalil. The eveDt also feat[￿ed an art auction generously donated by Mr5
Rose 15sa, a raffle and a sales table with ilems kindly donated by our supporters - Chachoulie, ELSA Boutique
and EaslemAdornrllenl- all of which contributed lo increased fvndraisillg income.
23 March - Iftar at Maroush. St John's W¢M)d. Approximately 50 supporters gaihered sn solidarity during Ihe
holy month of Ramadan. Powerful talks were delivered by Palestitjian Ambassadoi Dr Husam Zomlot and Mr
Khaled Dawas. A sales table feathred Palestinian organic dates kindly donated by Yaffa. Hebron cerdmic plates
donated by ar.rih.la and the book Ten Days ill Gaza, generously donaied by Mrs Dalia Rishani.
22 September- Lunch at Bursa RestauranL Marble Arch. This first evelli under the organi5ation's new name
marked the rebralldmg and highligbied ils mission and priorities through iDspiring tslks and live music. We
bonoured the memory of every life lost in Palestine and reaffinned our commitment to rebuilding medical schools
and empoweiing students to serve their Communities. Palestiniall Ambassador Dr Husam Zomlot and Mr Khaled
Dawas delivered insigbiful speeches, while Dr TaD]er El-Nakhal and Dr Othman El-Agha, both from Gaza, shared
personal experiences and spoke about the needs and aspirations of medical students. The event was further
enriched by a live guitar perfonnance by Mr Thomas Hodgkinson and a sales table.
Supporter-Led Fulldraisers. In addition to the main events organised by THF, our dedicated supporters held fundraising
activities throughout the year. These included community events. sponsored Challenges, awareness campaigns, film
screenitlgs, musical concerts, birthday fundraRsers and the sale of cerdmic tokens. Their efforts not only raised vital funds but
also helped lo increase awareness of the o￿a￿lsa110￿'s work and expand its network and base of supporters. We are deeply
grate￿1 for their commitment and generosity, which significanily contribuied to the organisatioll's overall income and
irrLpacl.
CoDferen¢es. The organisation participated in s¢￿eral non-fijndraising events foeused on raising awareness ai)out healiheare
and medical education in PalestiDe. Conferences were held al University College London (UCL), Oxford Untversity and
ornltne in collabordlion with matLy partners. including the Medical Schi>ols Gaza Solidarity Group, Pa]Med Academy and
Health Workers for Palesline. These events provided updates on the situation on Ihe ground, highlighted ongoing eI￿llengeS
and strengthened engagement with the wider medical and academic community.
Regular contact with par￿er5 atLd beneficiaries was ti￿]ntained thtougb phone Calls. messages and etllails. The Tntslee5 are
confident that the charity's futLds atLd projects have been disbursed as expected and in good faith.
Financial governance remained stiingent and transparent.
Site Visit- Medical Mission. Mr Khaled Daw&s undert￿k two emergency medical missions to Gaza in January and April.
volunteering at Al-Aqsa Hospital with teams from partner o￿anisatIon Medical Aid for Pale51inialls (NL4P). During his
visits, Mr Dawas also mel with spollsored students and assessed the qU￿lty of clinical trainiug amid the ongoing war. His
obse￿all0￿S have infomied the organisation's strdtegic planning and response.
Impact of the War. The ongoing war througbout 2024 severely disrupted medical education in Palestine. Medical schools
in Gaza sustained extensive damage. while hospitals and clknical trdining centres became largely non-operdtional. Many
medical studellls were displaced" clinical training was halted and many students found theD]selves stranded outside Gaza-
ullable to return hoD]e or colllinue their stttdies withoul urgent support. In response. the orgauisalion redirected part of its
runding towards emergency and targeted grdnts. These grants helped cover academic. trnining and related expenses for
displaced students, those stranded abroad, volunteer students working in overstretched hospitals, and tytors who continued
teaching under extremely difficult conditions. Following the closure of Gaza's borders in April 2024, project delivery
became illcreasingly challenging. and support requests rose sha￿ly. The organisation adapted by collaborating closely with
tn￿led partners to ensure students ¢ould still &￿e$S the &ssistance they n¢ed¢d.

THE IL4P400P4 FOUNDATION
TRUSTEES, TRUSTEES REPORT (If4CLUDING DIREcfoRS' REPORT) (CONTDIUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Programme5
Projects included support for undergraduate and postgrdduate trainin& with adaptations to accommodate new projects
arising from the war, as detailed below.
The postgraduate training programme, in collabotalion with Juzoor and supported by the Arab Fund for Economie and
Social Development, continues to excel alld receives commendation from sellior PalestiDian trainees. To date, 19 doctors
have benefited. with 17 already rettmled to Palestine to contribute to healthcare.
Tbe organisation also supported two trainee doctors. one undertaking an Msc in Fetsl Medicine at University College
London Hospitals (UCLH) and the other an Msc in Iljblic Health at Sheffield Hallam University, by covering their
university fees. They are expected lo return lo Palestine upon completing their studies and submitting their theses.
Hospltal and Clinic Volunteering Support. THF assi51ed more tlwi I,(M)O medical students volunteering in hospitals
during the ongoiug war. Students in years 4 to 6 dedicated significant lime supporting departments such as wound care.
emergency medicine and intensive care. They gained vital clinical experience and helped overstretched hospitals during this
critical period.
Tutor5 Support. THF akn played an important role in supporting medical education by providing partial salary assistsllce
10 77 tutors from the medical scbools. This support was essential in enabling these trainers to continue teaching despite the
challengittg fllLancial and operational conditions.
Support for Stranded Students and those Studving Outside Gaza. THF provided fmaThcial assistance lo studen(s unable
lo return home due to the ongoing war, coverin(y vital living and educational expenses. The organisation also suptK)rted
medical students enrolled al vniversities outside Gaza. enswing the continuation of their sts]dies despite difficult
circumstances. Durillg the year. 151 stranded S￿dellts from Al-A7thar University and the WG received 5UPPOrt, alongside 44
medical students-mainly studying Egypt-who were assisted with living costs.
Graduate Debt Relief. THF helped I I graduates from Al-Azl)ar University and the tUG by settling their outstanding
university debts, enabling them to obtain their certifEeales alld advance their medi¢al careers. The progrdmme played a vital
role in removing fmaneial barriers, particularly during the ongoing waT. which has exacerbated economic hardships for
students. Beneficiaries were selected based on academic merit and financial Deed. er￿ing that support reached those most
deserving.
Medical Elective5 Unternational Placement). THF supported elective placements for I I medical students from Al-Azhar
University, the tUG and An-Najah University. Some participated in the Oxford University sutnrner school orgauised by
OxPal , enriching their clinical and academic experience. These op￿rtunItieS enhallced their medical knowledge. practical
skills, and exposure to divetse inlernational hedlthcare setting￿<5Sen1Lal preparntion for their medical careus amid
ongoing challenges.
Undergraduate Scholarships. THF continued adminislering the Madrinha Tntst Scholarships, extendillg full fee
sponsorship lo two additional students from the West Bank. 14 Gaza-based medical students grdduales were granted the
2024 Heroism Award, in recogllition of their extraordinary resilience alld commitment to their medical education under
exceptiottal baTdsbip. THF also continued its partnership with the IAC, whtch beg￿ in 2023 and has sinee supported one
medical student from An-Najah National University with a five-year scholarship.
BursarKes {Student Financial Aid). 30 talented medical students from An-Najab University and Al-Quds University.
selected for both strong academic perf0m￿}ce and significant fmancial need. received assistance covering part of iheir
tuition f¢¢s and related ethjcational costs. This support helped reduce their fllwicial burde￿ allowing them to continue their
medical education with greater focus.
Teaching Fellowship Programme. Established in 2020. this initiative continued its support of teaching positions at
Palestinian universities throughout 2024. Two fellows from ihe IUG were apw)inted to coorditLate the university's efforts
outside Gazi supporting tUG students Studying abroad. liaising with their host universities and pmvidtng online leaching to
eDsure academic contilluity.

THE HANOON FOUNDATION
TRUSTEES, TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
PLAB 2 & Clinical Attachments. 8 junior doctors received support to cover costs associated witb the PLAB 2
examination or their clinical attaclunents in UK hospitals. This assislance enabled them to advance their careets and gain
new skills and ¢xperienc¢ despite the ditTiculties caused by the ongoing war in their home cowitry.
Language Support. 12 junior doctors received fmancial assistance lo cover fees for language proficiency exatns, ineluding
the Occupational English Tesi (OED Inlernaliollal English Language Testing System (IELTS). These exams are required
by medical eoulleils and training institutions abroad to Verify English language competency. Th¢ support helped doctors
meet these requirements, enabling them to pursue advanced tsainiDg aDd piofessioDal eertificatioll.
Professional development. THF supported medical sthdents and doctors in advancing their careers by sponsoring
opportunities such as attending international conferences and engaging in professional development activities. These
nitiatives have conlributed lo strengthening Palestinian medical research capacity and assisting doctors in progressing
within the&r medical careers.
Medical equipment. THF ¢nhan¢ed medi¢al education at An-Najah University by providing cutting-edge virtual reality
(VR) training tools. This innovative support enabled students to engage in immersive, hands-on leamitig, sigDificantly
itnproving clinical skills development and better Preparing them for their medical careers.
Risk Management. The Risk Subcoll)n]ittee, led by Mr Bob Nive￿ regularly revieivs the risk register and reports to the
Board. Risk is a standing agenda item and receives parti¢ular attenlion due to the organisatioll's work supporting projects iry
conflict-affected areas. Recent escalations and iensions in the West Bank and Gaza have heightened risks and impacted the
organisation's progrdtDmes. These issues are detailed in the register. which is continuously updated.
Tributes and Condolences
We were deeply saddened by the passing of our Patro￿ Mr Fuad Hadad, in 2024. He served as a trnstee of the organisation
for many years and was widely respected for his wisdom, kxndness and steadfasl commitmetLI lo Palestine. As a scholar of
Arabic culttwe and latLguage. his warn]th and generosity left a lasting impression on all who knew him. May his soul iesl in
peace, and may hts legacy continue lo inspire us. On behalf of the Trustees. we extend our sin¢ere condolences to his family.
We also express our condolences to Mrs Amanda Gordon on the loss of ber l&te father, Mr William Crdwford, a long-
standing and loyal supporter of the organisation. We were honoured to receive his legacy, which reflects his enduring
commitment lo our missioKL and has significantly contributed lo our worL Our sincere thaDks go to the Crawford family for
their generosity.
Acknowledgements and Partllerships
For the preparation of the accounts, the Trustees express their sincere thanks to the Operations Manager, Mrs Shereen
Nather, and Treasurer, Mr Ziad Dawas, for all their effo￿.
THF extends heartfelt support to the Deans of the medical schools for their ongoing leadership during the dijficult
circumstances ¢aus¢d by th¢ war. We also recognise tbe resilience and commilmenl of Medic￿ students and grdduates who
have continued their studies and work despite significant challenges. We extend condolences to the families of those doetors,
professors and students who have been killed and hope for the prompt release of detained healthcare workels. Despite these
ditFi¢ulties. medical professionals and strjdents remain dedicated to supporting their communities.
THF values ils partnerships with Juzoor, the MadriDha Tmst, the IAC. the Asfari Foundation, the Bryan Guinne5s Charitable
Trust, the Galilee Foundation, Orange Tree Tn]sl and Yafa Foundaiiot). These collaborations enable THF to successfully
implement a range of projects aitned al advanciug medical educatio￿ thereby contributing to the development of healthcare
in Palestitie.
We express our sincere thaJ)ks to Mrs Dalia Rishani for ber generous support in publishing Ten Days in Ga7a through Hood
Hood Books. The photo book sold successfully, with Mr5 Rtslwll killdly donating all proceeds to the organisation. The
lauocb event was hosted at the home of Mrs Sawsan Asfari. who has also sUPPOrted the organisation i])rough her charities.
the Galile¢ Foundation and the Asfari Foundalion. The b(KJk fea￿reS photogrnphs taken in 2010 by Giuseppe Aquili,
Anthony Dawton and Jim MeFarlalle. capturing life in Gaza, alongside digital artworks by the Eraqi artist Mr Dia al-Azzawi.
The foreword was written by Mr Khaled Dawas.

THE HAN00Tr4 FOUNDATION
TRUSTEES, TRUSTEES REPORT (INCLUDING DIREcfoRS' REPORD (CONTINUED)
FOR THE YEAR ETrIDED 31 DECEMBER 2024
We are gratefvl to all our supporters whose name5 not be mentioned in this report. Their geTherosity-whether through
rinancial donations, conttibutions of artwork, volunteering their time and skills. or organising fi]ndraising canpaigns-has
been invaluable. The Trustees sincerely iballk all our supporters for their loyalty aud comn)itmenL without which much of
the orgatLisation's work would not be possible.
THF and ils Tn]stees rematn firmly committed lo enhancing the organisation's expertise and seryices. with the shared goal
of advancing medical education. We continue to work closely with partners who Share our vision of building strong medical
education systems and nurturing fvture healthcare leaders ill Palestine.
Dr. Ahmed Massoud
Chairman of Twstees. THF
Date= 25 Seplernber 2025
l OxPal.. Oxford Palestine Society, a sttjdent-led organisatiojj at the Untversity of Oxford dedicated to supporting
Palestinian medical S￿dellts througb educational initiatives and clinical training opportUDities.
2 PLAB 2.. The Professional and Linguistic Assessments Board Part 2 is a practical clini¢al examinalion for international
medical graduates s¢eking to prdctise medicine in the UL It assesses clinical skills and competence in a simulated clini￿1
envirOn￿ent.

THE HANOON FoifNDATION
TRUSTEES, TRUSTEES REPORT (INCLUDif4G DIRECTORS, REPORT) (CONTtNUED)
FOR THE YEAR EP4DED 31 DECEMBER 2024
Financial reiTrew
It is THF'S policy to ensure that unrestricted fi]nds are mainlained V¢t a level sufficient to cover at least one year of overheads.
actlVLties and projects. especially with the ongoitlg di￿LCUltIeS in traDsferrit)g funds to Palestine.
Al the same time, THF is commilled lo the rapid use of its clmritable fi￿d$ for agreed pmjects and to maintaining reserves at
the lowest pra¢tical level. The recent increase in reserves reflects both the timing of income receipt and the tn￿tee$,
illtelllion to expand the charity's support. ID the coming year. THF will be increasing fUndI￿g for severdl projects and
eonsiderillg new key initiatives.
The trnstees regularly review the reserves policy to ensure it is appropriate for the chartty's needs.
The tNstees have also assessed the major risks lo which the clwity is exposed. aDd are satisfied that systems are in place to
mitigate exposure to them.
Structure* governance and management
The charity is controlled by ils governing document. a deed of tnlst. and coDstitules a limited company. limited by guaranlee.
as defllLed by the Companies Act 2006.
The trnslees, who are also the directors for the PUEpose of company law. and who served during the year and up to the dale
ofsignature of the fmancial statements were:
DrAhmed Massoud
Mr Khaled Dawas
Dr L Nashef
Dr R Charif
Dr AAwwad
Dr A Misbabuddin
Mrs Y Tabbakb
Ms E Simon
MrNJRChia
Mr R Niven
ADoust
F Abdulhadi
Mr A Saiicetta
MSAlam
(Resigtled 3 July 2025)
(Appoinied l April 2025)
(Appoinied l April 2025)
(Appoinied l Aprit 2025)
(Appointed l April 2025)
Approved by order of the board of trnsttts and siglled on its behalf by:
Dr Ahmed Massoud
Tn]stee
Dated.. 25 September 2025

THE HANOON FOUNDATION
INDEPENDENT EXAMINER'S REPORT
TO TIIE TRUSTEES OF'fiiE HANOON FOUNDATION
I report to the trustees on my examination of the financial statements of The Hanoon Foundation (the charity) for the year ended
31 December 2024.
Responsibilities and bssis of report
As the trustees of the charity land also its directors for the purwises of company law), you are responsible for the preparation of
the finan¢ial statements in accordance with the requirements of the Companies Act 2006.
Having satisfied myself that the finaneial statements of the charity are not required to be audited under Part 16 of the
Companies Act 2006 and are eligible for independent examination, I report in respe¢t of my examination of the charity's
financial statements carried out under section 145 of the Charities Act 2011. In carying out my examination I have followed
the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.
Indepelldellt examiner's statemellt
Since the charity's gross income exceeded £250,000, the independent examiner rnust be a member of a body listed in section
145 of the Charities Act 2011. I confim] that l am qualified to undertake the examination because l am a member of ICAEW,
which is one of the listed bodies.
I have completed my examination. I confimi that no matters have come to my attention in connection with the examination
giving me cause to believe that in any material respect..
accounting records were not kept in respect of the charity as required by section 386 of the Companies Act 2006.
the financial statements do not accord with those records- or
the financial statements do not comply with the accounting requirements of section 396 of the Companies Act 2006 other
than any requirement that the financial statements give a true and fair view. which is not a matter considered as part of an
independent examination- or
the financial slalements have not been prepared in 2CCOTdanee with the methods and principles of the Statement of
Recommended Practice for accounting and reporting by charities applicable to charities preparing their financial
statements in accordance with the Financial Reporting Standard applicable in the UK and Republi¢ of Ireland (FRS 102).
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 financial statements to be reached.
Graha
Arrinia
3rd Floor
Chancery House
St Nicholas Way
Sutton
Surrey
SMI IJB
26 September 2025
peck ACA

THE HANOOIY FOUNDATION
STATEMENT OF FINANCIALACTIVtTIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR Ef+lDED 31 DECEMBER 2024
Unrestricted
nds
Restricted
fund5
2024
Total Unrestricted Restricted
funds
runds
2023
2023
Total
2024
2024
2023
Notes
Income from:
Donations and legacies
Investments
571,782
29,468
179.301
751,083
29,468
179.999
21.170
138.139
318,138
21,170
Total income
601.250
179.301
780.551
201.169
138.139
339,308
Expenditure on:
Raising fimds
CIMritable activities
73.639
130287
73.639
366.451
164,601
74,152
164,601
222,523
236,164
148.371
Total expenditure
203.926
236.164
440,090
238.753
148.371
387,124
r4et incomel{expenditure) and
movement in funds
397,324
(56.863)
340,461
(37.584)
(10.232)
(47.816)
Reconciliation of funds:
Fund balances at l Jat)uary 2024
218,244
398,731
616,975
255.828
408,963
664,791
Fund balance5 at 31 December
2024
615.568
341.868
957,436
218,244
398.731
616,975
The slalernent of fmancial activities includes all gains and losse5 recogDised in the year. All income and expenditure derive
from continuing activities.

THE HANOON FOUNDATION
BALANCE SHEET
AS AT 31 DECEMBER 2024
2024
2023
Notes
Fixed a55ets
Tangible assets
327
979
Current assets
Debtors
Cash al bank and in hand
io
23,838
935,987
52,605
575,083
959.825
627,688
Creditors: amounts falling due Tvithin one
year
li
(2.716)
{11,692)
Net current a55ets
957,109
615.996
Total assets le55 currellt liabilities
957,436
616.975
The fund5 of the charity
Restricted illcome fv&ds
Unrestricted funds
12
13
341,868
615.568
398,731
218,244
957.436
616,975
The company is entitled lo the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for
the y¢ar ended 31 December 2024.
The directors acknowledge their responsibilities for complying with the requirements of the Comp￿teS Aci 2IXI6 witb respect
to a¢coullling records and the preparation of f￿a￿CIaL statements.
The members have nol required the company to obtain audit of its financial statements for the year in question in accordance
with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small
compantes regime.
The financial statements were approved by the trustees on 25 September 2025
DrAhrned Massoud
Trustee
Company registration number 03398543 (England and Wales)

THE HANOON FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting policies
Charity information
The Hanoon Foundalion is a private company limiled by guaralllee inCOqK>fdled in England and Wales. The registered
oifice is 86-90 Paul Street. London. EC2A 4NE.
1.1 Basis of preparation
The accounts have been prepared in accordan¢e with the chariiys Articles of Associatio￿ the Companies Act 2006 and
"Accounting and Reporting by Charities: Statement of Recon)rnended Praclice applicable to charities preparitlg their
accounts in accordance with the FI[￿icial Reporting Standard applicable in ihe UK and Republic of Ireland {FRS 102)"
(as amended for accounting periods commencing from l January 2016). The clwity is a Public Benefit Entity as defjned
byFRS 102.
The charity has taken advalllage of the provisiolls in the SORP for charities applying FRS 102 Update BullelitL I not lo
prepare a Statement of Cash Flows.
The fmancial statemenls are prepared in slerling, which is the functional currency of the charity. Monetary amounts in
these fmancial statements are rounded to the nearest £.
The fllwicial statements have been prepared under the historical cost eollvelltio￿ The principal accounting policies
adopted are set out below.
1.2 Going concern
Al the li￿e of approving the fjnancial ststements, the trustees have a reasonable expectstion that the charity has adequate
resour¢es lo continue in operational existence for the foreseeable future. Thus the trustees continue lo adopt the going
¢ollcern basis of accounting ITh prepaTing the financial statements.
1.3 Charitable funds
Unrestricted ￿ndS are available for use at the discretion of the t￿￿teeS in furtherance of their charitable objectives.
Restrieted funds are subject to specifIc conditions by donors or grdnlors as to how they may b¢ used. The purposes and
uses of the restricted fimds are set out in the notes to the flnancial statements.
1.4 Income
Income is recognised when the ¢harity is legally entitled lo it after aDy perfornwice conditions have been meL the
amounts ¢an be measured reliably. and it is probable that illcome will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the
donation, unless perforn]ance conditions require deferrdl of the amount. Income tsx recoverable in relation to donations
received unde¥ Gift Aid or deeds of covenant is recogllised al the time of the donation.
1.5 Expenditsre
Expenditure is accounted for on an accruals basis and ]w been classified under headi￿gS that aggregate aLI cost related lo
th¢ category. Where costs cannol be directly attributed to particular headings they have been allo¢ated to &ctlVLties on a
basis consislent wlth the use of resources.
Grants offered subject to conditions which have not been met ai the year end date are noted as a commitment but not
a¢crned as expenditure.
1.6 Tangible fixed assets
Tangible r￿ed assets ￿ initially measured at cost and subsequently measured at cost or valuation, net of depreciation
and any impairment1055es.
10-

THE HANOON FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTIfwED)
FOR THE YEAR ETr4DED 31 DECEMBER 2024
Accounting policies
(Continued)
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives
on the following bases..
IT Equipment
25fjA straigbt line
1.7 Impairment of fixed assets
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to deterniine whether there is
any indication that those assets have suffered an impainneni loss. If any such illdication exists, the recovernbl¢ amount of
the asset is estimated ID order lo deterniine the extent of the impairment loss (if any).
1.8 Cash and cash equivalents
Cash and cash equivalen15 include cash in hand deposits held at call with banks, other short-term liquid investments wilh
original ll]alurilies of three months or less. and bank overdrafts. Bank overdrafts are shown within borrowings in current
liabiLilies.
1.9 Financial instruments
The clwity bas elected to apply the provi5ioDs of Section 11 'Basi¢ Financial Instruments. and Section 12 '0ther
Financial Inslrnmettts Issues, of FRS 102 to all of its fmancial instrnments.
Financtal instruments are Tecogllised in the charitys balance sheet when the charity becomes paty to the contractual
provisions of the instn]ment.
Financial assets and liabilities are offset, with the net amounts presented in the financial State￿ents, when Ihere is a
legally enforeeable right to set off the recognised amounts and there is an intention to settle on a net basis or to re￿ise the
asset and settle the liabitity slmultaneously.
Basicfiiianeial ossels
Basi¢ fJnan¢ial assets, whkch include debtors and cash and bank balances, are initially measured al trallsaclioll price
including transaction costs and are subsequently carried al amortised cost using the effective interest method unless the
arrangement constitutes a fmancing transaction, where the transaction 15 measured at the present value of the fi]ture
receipts discounted at a tnarkel rate of interest. Financial assets classified as receivable within one year are not amortised.
Ba5icfiNaneial liabiliti
Basic fllwicial liabililies, including creditors and bank loans are initially recO￿lsed at transaction price unless the
arrangetneTht constitutes a fmancing irallsaction, where the debt instnllnent is measured al tbe present value of the ￿tUre
payments discounted at a tnarkel rdte of interesl. Financial liabilities classified as payable within one year are not
amorttsed.
Trade ereditOTS are obligations to pay for goods or services thal bave been acquired in the ordinary course of operations
from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they
are presented as llon-cuThelll liabilities. Trade Creditors are recognised initially at Irausaelioll price and subsequently
measured at amortised cost using the effective interest method.
DÉrect7gnitioii offinancial litybilities
Fiuancial liabilities ore derecognised when the clwity's COlltrnC￿al obligalions expire or are discharged or cancelled.
1.10 Employee benefits
The Cost of any unused holiday elltitlement is recogllised in the period in which the employee's services are received.
Ternillation benefits are r¢wgnised immediately as an expellse when the charity is demonstrably Committed to tenninate
the employm¢nt of an employee or to provide termination beDefits.
1.11 Retirement benefits
Payments to def￿ed contribution retirement benefit schemes are charged as all expellse as they fall due.
11

THE HANOON FOUNDATiof4
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR Ef4DED 31 DECEMBER 2024
Income from donations and legacie5
Unrestricted
funds
2024
Restricted
funds
2024
Total Ullreslricted Restricted
funds
funds
2023
2023
Total
2024
2023
Dottations and gifts
571,782
179.301
751,083
179,999
138,139
318,138
Income from tnvestments
Unrestricted Ullrestricted
funds
funds
2024
2023
Interest receivable
29,468
21,170
Expenditure on raising funds
Unrestricted Unrestricted
funds
funds
2024
2023
Fundraising and publicity
Admit] Expenses
Accountancy
Bank charges
Exchallge rale difference
Bad debi write off
Other fulldraising costs
Staff cos15
Depreciation
4,941
3,120
151
191
1,034
19,800
43,750
652
6,691
3,280
226
1,698
75,000
33,227
43,827
652
73,639
164,601
Illcluded above Ès a £1,034 (2023.. £75,0￿) bad debt write off.
12-

THE HANOON FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR TEIE YEAR ENDED 31 DECEMBER 2024
Expenditure on tharitable aCti￿tieS
Charitsble
aCti￿tieS
2024
Charitable
activities
2023
Direct costs
Support costs for studenls
366,451
222,523
Analy515 by fund
Unrestricted funds
Restricted funds
L30.287
236.164
74.152
148,371
366.451
222,523
Trustees
None of the trnstees {or any persons connected with them) received any remunerntion or benefits from the charity during
the year.
Employees
The average monthly number of employees during the year wa5".
2024
2023
Number
Number
Emplo)Trent Costs
2024
2023
Wages and salaries
Other pension costs
43.750
43,615
212
43,750
43,827
There were no employees whose antkual remuneration was more than £60,(M)O.
T4x2tion
The c&￿Ity is exempt from laxation on its activities because all ilg income is applied for clwitable purposes.
13-

THE HANOON FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Tangible r￿ed assets
tr Equlpmetst
Cost
At l January 2024
2,609
At 31 Dec¢mber 2024
2,609
Depreciation and impainnent
At l January 2024
Depreciation charged in the year
1,630
652
At 31 December 2024
2282
Carryillg amount
At 31 December 2024
327
At 3 l December 2023
979
IO Debtors
2024
2023
Amounts falling due within one year:
Trade debtors
OdLer debtors
3200
20,638
31.559
21,046
23,838
52.605
li
Creditors: amounts falling due within ODe year
2024
2023
Other taxation and social Security
Other creditors
Aecn]als and deferred income
2,465
(275)
2.991
9,227
2.716
11.692
14-

THE HANOON FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
12 Restricted funds
The restricted funds of the charity comprise the ullexpended balances of donations and grants held on trnst subject to
specific conditions by donors as to how they ll]ay be used.
At l January
2024
Incoming
resources
ResourcesAt 31 December
expended
2024
Rounding Difference
IELTS Training
Dr Poole Legacy
Post Graduate Trdining Programme
Medical Equipment
Gaza Appeal
Bursaries
Teaching Fellows
Sponsored Students
Galilee Foulldalion
Inji
Jeniu Catnpaign
Students S￿dYIng Outside Gaza
{2)
(3,518}
(24,287)
{2)
5.595
207,546
81,622
9,113
231.833
81.622
5,000
26,616
10,440
3,468
56,265
75,IKM)
(5,000)
(26,616)
{10,440)
(3,468)
{81.835)
(75.000)
31,804
6.234
40.500
1.659
2.200
40.500
147
2.365
(1.806)
(4,192)
373
398.731
179.301
(236,164)
341,868
PreTrious year:
At l January
2023
lllcoming
reSou￿e$
ResourcesAt 31 December
expended
2023
IELTS Training
Dr Poole Legaey
Post Graduate Training Progrdmme
Electives
Gaza Transport Progrdmme
Sponsored Sttjdents
Inji
Teaching Fellowships
Gaza Bursaries
G8za Appeal
Jenin Campaign
Students Studying Outside Gaza
9.113
2¢M,833
111.419
9.113
231,833
81,622
(13.000)
(29,797}
(7,500}
(io,000}
(38,107)
7.500
5.473
21.5(M)
64.438
19.000
12.000
2,980
17,202
1,659
8.360
31,804
40,500
(12.000)
(14.605)
(17,202)
11,625
1,659
2.2(K)
(6,160)
408.963
138.139
(148,371)
398,731
15-

THE HANOON FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
13 Unrestricted funds
Tbe unrestricted fi￿dS of the charity comprise the unexpended balances of donations and grants which are tLOt subject to
specific conditions by donors and grantors as to how they may be used. These it]clude designated futkds which have been
sel aside out of unrestricted funds by the Irustees for specific pu￿Ses.
At l January
2024
Incoming
resour¢es
ResourcesAt 31 December
expended
2024
General funds
218,244
601.250
(203.926)
615,568
Previous vear:
At l January
2023
Illcomitig
resources
ResourcesAt 31 December
expended
2023
General fimds
255,828
201,169
(238,753)
218,244
14 Related party transactions
There were no disclos&ble related paty transactions during the year (2023 - none).
16-