Charity reglstration number: 1069122 THE YADIRAN TRUST TRUSTEES, REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Boroumand & Associates LLP Chaitered Accouiilants Suite 105, Viglen House Alperton Lgne London HAO IHD
THE YADIRAN TRUST Contents Page Trustees, Report Independent Examlner'5 Report Statement of Financlal Actlvities Statement of Flnancial Position Notes to the Flnanclal Statements 7-10 The followlng pages do not form part of the statutory accounts,. Detalled Statement of Financial Activities li
THE YADIRAN TRUST Trustees. Report For The Year Ended 31 March 2025 The trustees present thelr report and the financial Statements for the year ended 31 Yarch 2025. Objectives and Artlvities Alms and Objectlves a) The promotion of medical and veterlnary researth in partl¢ular in the field of infectlous diseases and dissemination of the usual results theOf. bl The advancement of education In Iran through the support both of indlvldual students and of educatlonal and research institutbons establlshed there and c) The advancement of education and the rellef of poverty among Iranlan Natlonals or persons of Iranlan orlgin living outside Iran, especially those forced to leave the political situation in Iran. d) The promotion and preservatlon of the Pers5an artlstic and cultural herltage Achlevements and Performance Main Achievements The charlty carried out Its objectlves by provldlng fundlng durlng the perlod to 31 March 2025, Flnanclal Revlew Flnancial Position It Is the policy of the charity to malntain unrestricted funds to the level requlred to provide sufflclent funds to cover administratlon costs. The Board regularly revlews the amount of reserves that are requlred to ensure that they are adequate to fulfil the charlty'5 continuing obllgations. In 2025 total Sources of Funds were £163.892 and total Uses of Funds were £22,260. Structure, Governance and Management Governlng Document The charity Is controlled by its governlng document, deed of trust dated 14 November 1997. Trustee Selectlon Methodg New trustees are recrulted and appolnted in accordance with the deed of trust. Reference and Admlnlstratlve Detalls Trustees Mr Alireza Rastegar Mrs Soussi Rastegar Kerman Mr Jan Matthews Charity Numb¢r 1069122 Prlncipal Address Suite 105 Viglen House Alperton Lane Wembley Page I
THE YADIRAN TRUST Trustees, Report (continued) For The Year Ended 31 March 2025 HAO IHD Independent Examlner Key Page Chartered Certified Accountants 17 BirkdaLe Road London W5 IJZ Page 2
THE YADIRAN TRUST Trustees. Report (continued) For The Year Ended 31 March 2025 The trustees, report was approved by the board of trustees and signed on its behalf by: Mr Allreza Rastegar Trustee 10/12/2025 Page 3
THE YADIRAN TRUST Independent Examiner's Report to the Trustees of THE YADIRAN TRUST For The Year Ended 31 March 2025 I report to the trustees on my examination of the accounts of THE YADIRAN TRUST (the Trust) for the year ended 31 March 2025. Responsibilities and Basls of Report As the charity trustees of the Trust you are responsible for the preparatlon of the accounts In accordance wlth the requirements of the Charlties Act 20 11 I'the Act"). I report In respect of my examlnatlon of the Trust's account5 carrled out tsnder sertlon 145 of the 2011 Act and In carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145{5llb) of the Act. Independent Examiner's Statement I have completed my examination. I confirm that no materlal matters have come to my attentlon In connectlon wlth the examlnatlon glvlng me cause to believe that In any material respect., I, accountlng records were not kept In respect of the Trust as requlred by settSon 130 of the Act; or 2. the accounts do not accord with those records,. or 3. the accounts do not comply with the applicable requirements concernlng the form and contents of accounts set out in the Charltles (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view, whlch Is not a matter consldered as part of an Independent examinatlon. I have no concerns and have come across no other matters In connectlon wlth the examlnatlon to whlch attentlon should be drawn In this report in orcler to enable a proper under5tandlng of the accounts to be reached. Key Page Chartered Certlfied Accountants 15/1212025 BlrkdaLe Road London W5 IJZ 18 December 2025 Page 4
THE YADIRAN TRUST Statement of Financial Activities For The Year Ended 31 March 2025 2025 2024 Unrestricted Unrestricted funds funds Notes INCOME AND ENDOWMENTS FROM: Investments other 163,892 53,298 568 163,892 53,866 EXPENDITURE ON: Charltable actlvities: Promotion of medical and veterinary searCh and advancement of educatlon NET INCOME/(EXPENDITURE) (22,2601 (162,1231 (108,257) 141,632 NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS: Total funds brought forward 141,632 {108,257) 2,511,006 2,619,263 TOTAL FUNDS CARRIED FORWARD io 2,652,638 2,511,006 The notes on pages 7 to 10 form part of these financlal statements. Page 5
THE YADIRAN TRUST statement of Financial Position As At 31 March 2025 2025 2024 Unrestricted funds Total funds Notes CURRENT ASSETS Cash at bank and in hand 2,654,838 2,513,206 2,654,838 2,513,206 Credltor$: Amounts Falllng Due Wlthln One Year {2,200) (2,200} NET CURRENT ASSETS (LIABILXTXE5) 2,652,638 2,511,006 TOTAL ASSETS LESS CURRENT LIABILITIES 2,652,638 2,511,006 NET ASSETS 2,652,638 2,511,006 FUNDS OF THE CHARrrY Unrestricted Funds 2,652,638 2,511,006 2,652,638 2,511,006 TOTAL FUNDS io On behalf of the board Mr Alireza Rastegar Trustee 1011212025 The notes on pages 7 to 10 form part of these flnancial statements. Page 6
THE YADIRAN TRUST Notes to the Financial Statements For The Year Ended 31 March 2025 l. General Information THE YADIRAN TRUST is an unincorporated charity reglstered with the Charity Commisslon, reglstered charity number 1069122. The prlncipal address is Suite 105 Vlglen House, Alperton Lane, Wembley, HAO IHD. 2. Accountlng Pollcles 2. 1. Basls of Preparatlon of Flnanclal Statements The financlal Statements have been prepared In accordance with the Charltles SORP IFRS 102) "Accountlng and Reportlng by Charitles.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective I January 20191" Financial Reporting Standard 102 "The Financlal Reporting Standard applicable in the UK and Republic of Ireland" and the Charities Act 2011. The charity is a Publlc Beneflt Entity as deflned by FRS 102. 2.2, Golng Concorn Disclosure The trustees have not identified any materlal uncertalnties related to event5 or conditlon5 that may cast $1gnlflcant doubt about the charity's ability to continue as a going concern. 2.3. Fund Accountlng Unrestricted funds can be used In accordance wlth the charltable objectives at the discretSon of the trustees. 2.4. Incomlng Resource• Income represents revenue from bank interest. 2,5. Resources Expended All expenditure Is Included on the accrual basls and includes attrlbutable VAT whlch cannot be recovered. Charitable actlvltles Include expenditure assoclated with donations, education and grants. 2.6. Cash and Ctlsh Equlvalents Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid Investments that mature In no more than three months from the date of acquisltion and are readily convertible to a known amount of cash with inslgniflcant rlsk of change In value, and bank overdrafts. 2.7. Flnanclal Instruments The charltyy ha5 elected to apply the provlslons of Sertlon 11 '6asic Financlal Instruments, and Sectlon 12 '0ther Flnanclal Instruments Issues, of FRS 102 to all of its flnancial instruments. Financlal instruments are recooni5ed in the charlty's balanr.p sheet when th9. r.harlty b•com8g party ttt tha rontractual provlslons of the Instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to release the asset and settle the liability slmultaneously, Baslc flnanclal a5setS Baslc financial assets, which Include debtors and cash and bank balances, are inltially measured at transaction price includlng transaction costs and are subsequently carried at amortised cost using the effective interest method unle55 the arrangement constitutes a financlng transaction, where the transaction is measured at the present value of the future recelpts dlscounted at a market rate of interest. Financial assets classlfled as recelvable within one year are not amortised. Classification of financial Ilabilltles Financial liablllties and equity instruments are classified according to the subslance of the contractual arrangements entered into. An equlty instrument is any contract that evidence5 a residual Interest in the assets of the charity after deducting all of its Ilabilities, Basic financial Ilabilities .CONTINUED Page 7
THE YADIRAN TRUST Notes to the Financial Statements (continued) For The Year Ended 31 March 2025 2.7. Financial Instruments- continued Basic financial liabilities, including creditors, bank loans, other loans and preference shares that are classified as debt, are initlally recognised at transaction price unless the arrangement constltutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payatyle within one year are not amortised. Debt Instruments are Subsequently carried at amortised cost, using the effective Interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment 15 due within one year or less. If not, they are presented as non-current Ilabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest rate method. 3. Investment Income 2025 2024 Unrestricted Unrestrlcted funds funds Bank interest recelvable 163,892 53,298 4. Other Income 2025 2024 Unrestrlcted Unrestrlcted funds funds Rental and other Income from property 568 5. Analysls of Expendlture 2025 Actlvltles undertaken dlrectly Grant fundlng of actlvities Support costs (see note 6) Total Promotlon of medlcal and veterinary research and advancement of educatlon iio 20,000 2,150 22,260 2024 Actlvltles uiidei'taken dlrectly Grant fundlng of actlvltles Support costs {see note 6) Total PromotSon of medical and veterinary research and advancernent of education 140 160,916 1,067 162,123 Page 8
THE YADIRAN TRUST Notes to the Financial Statements (continued) For The Year Ended 31 March 2025 6. Support Costs 2025 Promotlon of medlcal and veterlnary research and advancement of education General admlnistratlon 2,150 2024 Promotlon of medlcal and veterinary research and 8dvancement of •ducatlon General admlnistratlon 1,067 7. Independent Examlner's Remunerbtlon 2025 2024 Independent examlnation of the flnanclal statements 400 400 8, Average Number of Employees Average number of employees durlng the year was: 3 12024., 3) 9. Credltors.. Amounts Falllng Due Wlthln One Year 2025 2024 Accruals and deferred Income 2,200 2,200 10. Movement In Funds As •t l Aprll 2024 Asat31 Expendlture March 2025 Income Unre$trlcted funds General: General unrestrlcted fund 2,511,006 163,892 (22,260) 2,652,638 Total funds 2,511,006 163,892 (22,260) 2,652,638 Page 9
THE YADIRAN TRUST Notes to the Financial Statements (continued) For The Year Ended 31 March 2025 As at l April 2023 Asat31 Expendlture March 2024 Income Unrestrlcted funds General.. General unrestrlcted fund 2,619,263 53,866 { 162, 123) 2,511,006 Total funds 2,619,263 53,866 {162,123) 2,511,006 11. Transactlons wlth Trustees No trustee expenses have been Incurred. 12. Related Party Dlsclosures There have been no related party transactlons In the reportlng perlod that requlre disclosure, except for those dlsclosed in the Transactions wlth Trustees note. Page 10
THE YADIRAN TRUST Detailed Statement of Financial Activities For The Year Ended 31 March 2025 2025 2024 Total funds Total funds INCOME AND ENDOWMENTS FROM: Investments Bank Interest recelvable 163,892 53,298 163,892 53,298 other Rental and other Income from property 568 568 163,892 53,866 EXPENDITURE ON: Charltable Actlvltles: Promotlon of medlcal and veterlnary research and advancement of educatlon Grants to institutlons Grants to individuals Bank Charges Forelgn exchange charges Independent examlner's fees Accountancy fees Professional fees (20,000) (159,916) (1,0001 (140) (1051 (5) (4001 {1,750) (4001 15501 (117) 122,260) IL62,123) 1162,123) {22,260) NET INCOME/(EXPENDITURE) 141,632 { 108,257) Page 11