Charity registration number 1072081
Company regislralion number 03454386 (England and Wales)
INTERNATIONAL DEVELOPMENT FOUNDATION (IDF)
ANNUAL REPORT AND UNAUDrrED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

INTERNATIONAL DEVELOPMENT FOUNDATION (IDF)
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
S Bin Mahfouz
A Bin Mahfouz
A Bin Mahfouz
W Bin Mahfouz
Mr F S Murad
Secretary
A Bin Mahfouz
Charity number
1072081
Company number
03454386
Principal address
3rrJ Floor
12 Stanhope Gate
London
W1K1AW
Registered office
3rd Floor
12 Stanhope Gate
London
W1K 1AW
Accountants
Gravita111 LLP
Aldgate Tower
2 Leman Street
London
E18FA
Bankors
Rayan Bank
St James Court
24-26 Calthorpe Road
Bimiingham
B15 1RP

INTERNATIONAL DEVELOPMENT FOUNDATION (IDF)
CONTENTS
Page
Tnjstees, report
Accountants, report
Slatem8nt of finan￿al activities
Balance Sheet
Notes to the financial statements
7-11

INTERNATIONAL DEVELOPMENT FOUNDATION (IDF)
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORn
FOR THE YEAR ENDED 31 DECEMBER 2023
The Trustees present their annual report and fiTran￿al statements for the year ended 31 De￿mber 2023.
The accounts have been prepared in accordan￿ with the accounting policies set out in note 110 Ihe accounts
and comply wtth the charivs trust deed, the Companies Act 2006 and °Accounting and Reporting by Charities..
Statement of Recommended Practice applicable to charities preparing their accounts in accordance wtth the
Financial Reporting Slandard appIl￿ble in the UK and Republic of Ireland (FRS 102). {as amended for
accounting periods commencing from 1 January 2016}.
Objectives and activtties
The charity's objectives are that it may in tts discretion. in accordan￿ with the Islamic laws. provide the following,
parbcularfy in developing countries=
(1) relieving povety and suffering
{2) providing medical care
{3} promoting family values
(41 caring for orphans, aged people and all in need
15) providing all levels of education and vocational training and
{6) promoting the Islamic religion
The Trustees have paid due regard to guidance issued by the Charity Commission in deGiding what activities the
charity should undertake.
Grant maklng policy:
1. Requests for donalions are forwarded to the charivs Distribution Committee.
2. Upon receipt of the requests, the appropriate due diligence of the requesling paty is perfomied as the
Committee deems fit.
3. The Distribution Committee discusses the mertts of the requests in the light of the reports and makes
decisions as it may think fit.
4. The Distributton Committee's decision is unanirnou5.
Public Benefit
The trustees have considered the guidance produced ty the Charity Commission on the provisions of public
benefit and they confimi that Public benefft has been provided by supporttng other charities in the UK and
overseas.
The trustees always ensure that the progr8mmes undertaken are in line with their objecttves and aims set out
above.

INTERNATIONAL DEVELOPMENT FOUNDATION (IDF)
TRUSTEES, REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2023
Achievements and perfornian¢e
Financial revlew
Inlemational Development Foundation's affairs and activtbes for the year are presented in the attached financial
statements which show a deficit of expenditure over income of £75,084 12022: £95.352). The balance of the
unrestricted funds was £101,502 at 31st December 2023 {2022: £176.586).
The charitable expenditure during the year has been made in accordan￿ the key objectives of the charity.
It remains the trustees ultimate policy to hold undistrtbuted funds to ensure sufficient reserves for 3-6 months
osts of the Charity. However. in the last few years there have been some unexpected events which have
resulted in the charlty holding more than the Twstees would have envisaged. These events being..
A few years ago there was a large investment disposal resulting in the charity having more funds than
the Trustees were expecting to spend on charitable causes
2. The COVID 19 pandemic meant that there were less meetings held by the Trustees due to travel
restrictions
3. The pandemic also meant that many of the charttable wotks which were planned pre COVID were
postponed and the Trustees needed to research other projects in that time
Charitsble donations by IDF have continued in 2023 and the Trustees expect the unrestricted funds to be used in
the futLJre with only 3-6 months being held in reserve from them on.
Risk Management
The Trustees has assessed the major rtsks to which the charity is exposed. and are satisfied that system5 are in
place to mikngate exposure lo the major risks.
Future Plans and Projections
The trustees, fvture plans is to (3ry on giving donations to the Islamic Foundation during the 2023 as per prior
years.
Structure. govemance and management
Governing document
The charity is controlled by its goveming document and constitutes a limited cornpany. limited by guarantee, as
defined by the Companies Act 2006.
Trustee directors and their interests
The Trustees, who are also the directors for the purpose of company law. and who sejved during the year were:
S Bin Mahfouz
A Bin Mahfouz
A Bin Mahfouz
W Bin Mahfouz
Mr F S Murad
There are three founding directors (all members of the Bin Mahftiuz family) who are pemianent trustees of the
charity. The remaining directors are re*lected annually to the board of Truslees. by agreement of the board at
theAGM.
None of the Trustees have any beneficial interest in the company. Afi of the Trustees are members of the
company and guarantee trj contrtbule £1 in the event of a wnding up.

INTERNATIONAL DEVELOPMENT FOUNDATION (IDF)
TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2023
Organisational struclure
International Development Foundation {IDF) is a registered chartty and a company limrted by guardntee. which
does not have a share capital. Except where disclosed, the trustees do not have any financial interest in the
cornpany or significant contracts in which there is a material interest.
The directors who are also trustees meet regularly to asse55 and approve grant applicattons through
Distribution Committee, which has been established to supeTVtse donations by the charity.
The directors do not recommend payment of final dividend.
The trustees. report was approved by the Board of Trustees.
A Bin Mahfouz
Trustee
Dated.. 25 November 2024

INTERNATIONAL DEVELOPMENT FOUNDATION (IDF)
CHARTERED ACCOUNTANTS. REPORT TO THE TRUSTEES ON THE PREPARATION OF THE
UNAUDITED STATUTORY FINANCtAL STATEMENTS OF INTERNATIONAL DEVELOPMENT
FOUNDATION IIDF) FOR THE YEAR ENDED 31 DECEMBER 2023
In order to assist you to fulfil your dubes under the Companies Act 2006. we have prepared for your approval the
financial statements of Inlemational Development Foundation IIDF) for the year ended 31 December 2023. set out
on pages 5 to 11 from the charitys accounting re(x)rds and from infoThation and explanations you have grven us.
As a practising member firni of the Institute of Chartered A(￿Ountants in England and Wales, we are subject to its
ethical and other professional requirements which are detailed at http.11wv￿.ICaew.C0mlen1me￿ber5lregU1at1Ons-
slandards-and-guidancel
This report is made to the charitys Trustees. as a body. in ac(x)rdance with the temis of our engagement letter
dated 13 August 2019. Our work has been undertaken solely to prepare for your approval the financial statements
of Inlemational Development Foundation (IDF) and state those matters that we have agreed to state to the charity's
Trustees, as a body. in this report in accordance with ICAEW Tethnical Release 07116 AAF. To the fullest extent
permitted by law. we do not accept or assume responsibilty to anyone other than Inlemational Development
Foundation IIDF) and the charity's Tnjstees as a body, for our worf( or for this retK)rl.
It is your duty to ensure that the charity has kept adequate ac(x)unting records and to prepare statLrtory accounts
that give a true and fair view under the Companies Act 2006. You consider that the charity is exempt from the
statutory audit requirement for the year. and is not required to obtain an independent examinerfs report.
We have not been instructed to cary out an audit or a review of the financial statements of Intemational
Development Foundation (IDF). For this reason. we have not vertfied the accuracy or completeness of the
accounting records or infomation and explanations you have given to Us and we do not. therefore. express any
opinion on the statutory financial statements.
Gravita 111 LLP
2 December 2024
Chartered Accountants
Aldgate Tower
2 Leman Street
London
EI 8FA

INTERNATIONAL DEVELOPMENT FOUNDATION (IDF)
STATEMENT OF FINANCIAL ACTivrriES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2023
2023
2022
Notes
enditure on:
Charitable activtlies
75.084
95,352
Net expenditure for the yearf
Net movement In funds
(75,084)
(95,3521
Fund balances at 1 January 2023
176.586
271,938
Fund balances at 31 December 2023
101,502
176,586
The statement of fin8nci81 activities includes all gains and losses recognised in the year.
All income and expenditure derive from (xjnlinuing acliviknes.
The statement of financial activities also complies with the requi￿rnents for an income and expenditure account
under the Companies Act 2006.

INTERNATIONAL DEVELOPMENT FOUNDATION (IDF)
BALANCE SHEET
AS AT 31 DECEMBER 2023
2023
2022
Notes
Current assets
Cash at bank and in hand
111.970
187,092
Credltors: amounts falllng due wlthln
one year
(10,468)
{10.506)
Net current assets
101.502
176.586
Net assets excluding pension liability
101,502
176,586
The funds of the charlty
Unrestricted funds
101,502
176,586
101,502
176,586
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act
2006, for the year ended 31 December 2023.
The directors acknowledge their responsibiltties for ojmplying with the requirements of the Companies Act 2006
with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in
accordance with section 476.
These financial statements have been prepared in a(xordan(% V￿th the provision5 applicable to companies subject
to the small companies regime.
The financial statements were approved by the Truslees on 25 November 2024
A Bin Mahfouz
Trustee
Company registration number 03454386 {England and Wales)

INTERNATIONAL DEVELOPMENT FOUNDATION (IDF)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Accounting policies
ChaTity information
Intemational Development Foundation (IDF) is a private company limited by guarantee incorporated in
England and Wales. The registered office is 3rd Floor. 12 Stanhope Gate, London, W1 K 1AW.
1.1 Accounting conventlon
The accounts have been prepared in accordan￿ wth the chartty's twst deed. the Companies Acl 2006 and
'Accounting and Reporbng by Charities: Statement of Recommended Practice applicable lo charities
preparing their accounts in accordance wtth the Financial Reporttng Standard applicable in the UK and
Republic of Ireland {FRS 102)" las amended for accounting periods commencing from 1 January 2016}. The
charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin
1 not tr) prepare a Slatement of Cash Flow5.
The financial statements are prepared in sterling. whith is the functional currency of the charity. Monetary
amounts in these financial statements are rounded to the nearest £.
The accounts have been prepared under the historical cost convention. The principal accounting policies
adopled are set out below.
1.2 Charitable funds
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charit8ble
objectives.
1.3 Resources expended
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to the
expenditure. Ml expenditure is accounted for on an accruals basis and has been dassified under the headings
that aggregate all costs related to the calegory.
Costs of generating funds are the (x)sts associated ¥￿th attracttng voluntsry income.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activtties and
services for ils beneficiaries. It includes both costs that can be allocated direcuy to such activities and those
costs of an indirect nature necessary to support them.
Grants payable are payments made to third parties in the furtherance of the charitable objectives. Where the
charity gives a grant with conditions for its payment being specific level of service or output to be provided,
such grants are only recognised in the SOFA On￿ the recipient in the control of the charity.
Provisions for the grants are made when the intention to make a grant has been communicated to the
recipient but there is Un￿rtaInty about whether the timing of the grant or the amount of grant payable.
Govemance costs
Govemance costs include costs of the preparation and examin2tion of the ststutory accounts, the costs of
trustee meetings and the cx)st of any legal adwce to trustees on governan￿ or constttutional matters.
1.4 Cash and ¢ash equlvalents
Cash and cash equivalents indude ￿sh in hand and deposits held at call with banks.

INTERNATIONAL DEVELOPMENT FOUNDATION (IDF)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Accounting policies
(Continued)
1.5 Financial instruments
The charity has elected to appty the provisions of Section 11 'Basic Financial Instruments. and Section 12
'other Financial Instruments Issues, of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the thaTiVs balan￿ sheet when the charity becomes paty to the
contractual provisions of the instrument.
Financial assets and liabilities are offset, V￿th the net amounts presented in the financial statements. when
there is a legally enforceable right to sel off the recognised amounts and there is an intention lo settle on a net
basis or to realise the asset and settle the liabilty simultaneously.
8a5ic financlal assets
Basic financial assets. which include bank balances. are initially measured at transaction price including
transaction costs and are subsequenlty Ca￿je￿ at amortised (x)s1 using the effective interest method. Financial
assets classified as re￿1vable wtthin one year 8re not amortised.
Impaim7ent of financial assets
Financial assets, other than those held at fair value through income and expenditure. are assessed for
indicators of impairment at each reporting date. Finanaal assets are impaired where there is objective
evidence that, as a result of one or more events that occajrred after the initial recognttson of the financtal asset.
the estimated future cash flows have been affected.
If an asset is impaired. the impai￿ent loss is the difference beiween the carying amount and the present
value of the estimated cash flows discounted at the asset's original effective interest rate. The impaimient Iciss
is recognised in net incom￿{eXpenditUre) for the year.
If there is a decrease in the impaimient loss arising from an event occurring after the impairment was
recognised, the impairment is reversed. The reversal is such that the current carying amount does not
exceed what the carying amount would have been. had the impaimient not previously been recognised. The
impainnent reversal is recognised in net incomel(expenditure) for the year.
Derecognition of financial assets
Financial assets are derecognised only when Ihe contractual Tights to the cash flows from the asset expire or
are settled, or when the charity Irdnsfers the financial asset and substantially all the risks and rewards of
ownership to anolher entity. or if some significant risks and rewards of ownership are retained but control of
the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third paty.
Basic financial liabilities
Basic financi81 liabilities. including creditors are initially recognised at transaction price unless the
arrangement constitLrtes a financing transaction. Financial liabilities classified as payable within one year are
not amortised.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
operations from suppliers. Amounts payable are classified as current liabilities rf payment is due within one
year or less. If not, they are presented as nOn-cU￿enI liabilities. Trade creditors are recognised initially al
transaction price and subsequently measured At amortised (x)st using the effective interest method.
Derecognition of financlal Ilabilities
Financial liabilities are derecognised when the chariVs contractual obligations expire or are discharged or
cancelled.

INTERNATIONAL DEVELOPMENT FOUNDATION (IDF)
NOTES TO THE FINANCIAL STATEMENTS (CONTJNUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Charitable activities
Grants
payable
2023
Grants
payable
2022
Grant funding of activities (see note 3)
Share of govemance c4)sts (see note 4)
65,000
10,084
85.020
10,332
75,084
95,352
Grants payable
2023
35,000
2022
70,020
15,000
Islamic Foundation
Disasters Emergency committee
Islamic Relief
Medical Aid for Palestinrans
15,000
15,000
65,000
85,020
Support costs allocated to activities
2023
2022
Govemance (xjsts
10.084
10,332
Anatysed belween:
Charitable activities
10.084
10,332
2023
2022
Governance costs comprise:
Accountancy fee
Sundry expenses
Management fee
3,463
90
6,531
3.763
38
6,531
10.084
10,332
Trustees
None of the Trustees (or any persons (x)nnected wtlh them) re￿[Ved any remuneration during the year, and
none of them were reimbursed any expenses (2022- £Nill.

INTERNATIONAL DEVELOPMENT FOUNDATION (IDF)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Employees
The average monthly number of employees during the year was:
2023
Number
2022
Number
Total
The￿ were no employees whose annual remuneration was more than £60,000.
Remuneration of key management personnel
Taxation
The company is a registered chartty and is. therefore, exempt from taxation.
Financial instruments
2023
2022
Carrying amount of financial liabilities
Measured at amortised cost
10,468
10,506
Creditors: amounts falling due within one year
2023
2022
Accruals and deferred income
10,468
10.506
10 Unrestricted funds
The unrestricted funds of the charity compTise the unexpended balances of donations and grants which are
not subject to specific condttions by donors and grdntors as to how they may be used. These indude
designated fijnds which have been set aside out of unrestricted funds by the trustees for speciffc purposes.
At 1 January Resources
2023
expended
At31
December
2023
General funds
176,586
(75,084)
101,502
Previous year:
At 1 January Resources
2022
expended
At31
December
2022
General funds
271,938
(95.3521
176,586
10-

INTERNATIONAL DEVELOPMENT FOUNDATION (IDF)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
11 Analysis of net assets between funds
Unrestricted
funds
2023
At 31 December 2023:
Current assetsllliabilities)
101.502
101.502
Unrestri¢ted
funds
2022
At 31 De¢ember2022".
Current assetsl(liabilities)
176.586
176,586
12 Related party transactions
Controlling entity
The charity is controlled by the trustees who are all directors of the company.
Related party transactlons
During the year, Sedco Servic8s Limited. a company incorporated in England, provided accoLtnling services to
the value of £6.531 {2022= £6.531). The trustees, A S Bin Mahfouz and W Bin Mahfouz are also shareholders
of Sedco Services Limited. Al the balance sheet date the amount of £6.531 (2022.. £6,531} was outstsnding
and the services were prowded at amis length with the approval of the non-conflicted trustees following
detailed evaluation.
11