Charity registration number: 1072270 

## The Lady Fatemah (A.S) Charitable Trust 

Annual Report and Financial Statements for the Year Ended 31 March 2022 

Smartax Limited Chartered Certified Accountants and Statutory Auditors 38 Station Road Harrow Middlesex HA2 7SE 



## **The Lady Fatemah (A.S) Charitable Trust** 

## **Contents** 

|Reference and Administrative Details|1|
|---|---|
|Trustees' Report|2 to 8|
|Independent Auditors' Report|9 to 12|
|Statement of Financial Activities|13|
|Balance Sheet|14|
|Cash Flow Statement|15|
|Notes to the Financial Statements|16 to 33|





## **The Lady Fatemah (A.S) Charitable Trust** 

## **Reference and Administrative Details** 

**Trustees** Mrs Kanize Fatma A Karim Dr Thuha Jabbar Dr Muhammad Asaria (Appointed 4 February 2022) Mr Ali Sharafiddin Abbas Bakir (Appointed 4 February 2022) **Charity Registration Number** 1072270 **Principal Office** September Lodge Village Way Little Chalfont Buckinghamshire HP7 9PU **Auditor** Smartax Limited Chartered Certified Accountants and Statutory Auditors 38 Station Road Harrow Middlesex HA2 7SE **Solicitors** Cathcart & Co 2 Swakeleys Road Ickenham Middlesex UB10 8BG 

Page 1 



## **The Lady Fatemah (A.S) Charitable Trust** 

## **Trustees' Report** 

The trustees present the annual report together with the financial statements and auditors' report of the charity for the year ended 31 March 2022. 

## **Objectives and activities** 

## _**Objects and aims**_ 

The charity's objects are to promote any charitable purpose for the benefit of the public and in particular the emergency relief of poverty, illness and distress, promotion of good health, advancement of education and access to dignified income. 

The policies adopted in furtherance of these objects are detailed in the report and there have been no changes to the policies during the year. 

There are no specific restrictions with regards to the way in which the charity may operate provided that the objects of the charity as documented are met. 

Although the charity seeks to provide support in emergency and disaster relief situations, the charity’s primary aim to achieve its objects is to reduce dependence on humanitarian aid and facilitate the transition on a path to self-reliant, long-term development. It also aims to empower communities and provide them with the skills both to pull themselves out of dependency on charity and welfare and ensure that future generations are empowered to produce long lasting changes in their own communities. The charity has increased mental health wellbeing as an element of the support provided for many communities and has increased capacity in the regions for this this year and will carry on doing so in future years. 

## _**Objectives, strategies and activities**_ 

The charity operates globally and supports projects in Africa, Indian subcontinent, the Middle East and the United Kingdom. It works with charitable partner organisations that are on the ground. This allows it to closely inspect each of the appeals that arise and provide on-going support and advice. 

As the partner organisations have local expertise, connections and are in direct contact with the communities in need, the charity can ensure that the assistance reaches exactly where needed, as efficiently and quickly as possible. Particularly when involved with relief in emergency contexts, the charity works with other agencies to make a timely response. 

The main activities the charity undertakes are highlighted below: 

## Education 

Providing educational prospects is one of the key focal areas of the charity in its mission to tackle the root causes of poverty. The provision of education creates opportunities to improve quality of life and helps people to lift themselves out of poverty. The charity believes impoverished communities can be advanced through education, opening vast opportunities for economic improvement. The charity has increased their focus during the pandemic on improving access to education for disabled children through growing e-learning as a mode of education. 

## Healthcare 

Since its inception the charity has received a high number of medical appeals from institutions in some of the most disadvantaged countries globally. The charity assists with healthcare from simple rehabilitative measures to complex life-saving procedures. Increasingly, the shift in focus is from sponsoring single patient treatment to enabling greater capacity for medical facilities in treating as many patients as possible. Additional focus is now being provided for emotional wellbeing and mental health as an integral part of healing communities affected by bereavement, conflict, extreme poverty and natural disasters. 

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## **The Lady Fatemah (A.S) Charitable Trust** 

## **Trustees' Report (continued)** 

## _**Objectives, strategies and activities (continued)**_ 

## Healthcare (continued) 

For many of the individuals the charity supports, medical care in their home country is of poor quality or treatments are vastly expensive - sometimes many more times their annual income. The charity believes good health is the foundations for someone to live a dignified life where they can return to education and to work to support themselves, their family and community. 

In particular, the charity also focusses on maternity care. Growing awareness of safe maternal health and infant care in parts of East Africa has been an extremely valuable part of the charity’s work in the region and is showing excellent results. 

## Humanitarian 

A key part of the charity is to help those most in need in their darkest hour of need. It responds to emergency appeals that are required with a key focus on disaster zones. The needs of the area are identified be it famine, medical aid, housing and the situation is then monitored to see if the needs are being fulfilled or if any potential future support could be offered. A significant arm of the humanitarian activities is the Ramadhan Iftar Appeal which distributes food to those in poverty who are fasting. 

## Micro finance 

A key part of the charity to meet its primary aim of self sustainability are its micro finance schemes. It provides opportunities for income generating projects to help individuals, families and institutions develop skills and income to become financially independent and in the long run, non-reliant on charity. The charity's flagship mothernomics program continues to support many more widowed and single mothers gain economic independence in several parts of the world. 

## Orphan care 

Over the last decade alone, armed conflict has resulted in six million children being wounded or disabled for life, and one million orphaned. The charity, working with their partner organisations, has established orphan education programmes to care for orphans in Afghanistan, India Iraq and Yemen. 

The program reaches the most destitute families, who frequently do not have access to any other charitable organisations or public welfare departments. 

## Water and solar projects 

Over a billion people in the world do not have access to safe water. In addition to the poor health and deaths this causes to the children and elderly, the burden of collecting clean water means women and children globally lose 200 million productive hours each day. These are hours that could be spent in school or earning an income for the family. The charity carefully tailors approaches in each country to plan sustainable water supply schemes using the best in renewable energy and playing their part in providing a solution to drinking water and water for irrigation of crops for self-sufficiency in food as well. 

The charity has continued to administer several funds in furtherance of its activities, which have been disclosed in the notes to financial statements. 

## _**Public benefit**_ 

The charity carries out a wide range of activities in pursuance of its charitable aims. The trustees consider that these activities, summarised below, provide benefits to the local community and beyond. 

The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales. 

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## **The Lady Fatemah (A.S) Charitable Trust** 

## **Trustees' Report (continued)** 

## _**Grant making policies**_ 

The trustees have a robust policy of reviewing appeals that are received prior to any approval for the grant to be made. Once the grants are released, there is a system in place to monitor the effect of the grant and reporting details acquired to ensure that the objective has been satisfied and to report back to the charity's donors. 

## **Achievements and performance** 

## Education 

The charity has enabled talented students from poor backgrounds from nursery education all the way to attending university by helping with tuition fees. It has also enabled refugees to learn marketable skills that will improve their chances of employment or their ability to generate an income. The charity has also supported children from disadvantaged communities in the UK with a laptop distribution program through schools and food banks. 

## Healthcare 

The charity has assisted individuals with lifesaving innovative treatments to covering the costs for routine but essential daily medicine. Over the last year the charity enabled over 1,500 patients to receive access to free eye-care to treat cataracts to retinal detachments. It also supported over 1,000 orphaned children and widowed mothers in Iraq to receive critical treatment from audiology, cardiology and oncology. The maternal healthcare programs in Zanzibar have created safe access to maternal health and delivery to over 15,000 mothers this year. 

The charity continues to provide life saving medications to uninsured patients who would have not otherwise been able to afford them. 

The charity has committed to providing cataract operations free of charge for impoverished individuals across Pakistan and Kashmir. These treatments cost about £35 and to date the charity has continued to support one of its partner organisations to carry over 100 operations per month. Since the project began in 2007, over 40,000 individuals’ eyesight have been saved. 

In Iraq, the charity has continued to support the Imam al Hujjah Hospital, which has been helping the poor of Iraq since 2018 in various disciplines including ophthalmology, cardiology and oncology. 

## Humanitarian 

The charity has responded with open arms to the ongoing famine in Yemen. With the UN reporting that half a million Yemeni children are on the brink of starvation, the charity's support is now vital as ever. Over 45,000 families have been provided food aid through hospitals and schools enabling not only hunger to be banished but also hospitals and schools to reopen and continue serving the most vulnerable during the crisis. 

The Ramadhan Iftar Appeal enabled the successful distribution of food to over 50,000 individuals in Afghanistan, refugees in Greece, Iraq, Kenya, Pakistan the United Kingdom and Yemen. 

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## **The Lady Fatemah (A.S) Charitable Trust** 

## **Trustees' Report (continued)** 

## **Achievements and performance (continued)** 

## Micro Finance 

The charity has continued its efforts behind various micro finance schemes and supported families in starting new enterprises. As part of this, the charity continues to grow its innovative project, known as mothernomics. This is a unique project based on the vision that every able widowed mother whose life has been in turmoil for years has the opportunity to work with dignity and be a role model for her children. Thus the project seeks to equip a widowed Iraqi mother with the mindset, skills and the financial backing to provide for their families. 

Mothernomics involves a three part training programme. The first part is an educational programme which aims to transform a woman's mindset. In a patriarchal society, the emotional effects of bereavement alongside the trauma of war, needs to be supported in order to take the first steps towards economic independence. To begin this process, the charity helps the women to claim their identity not as widows but as mothers; because when you refer to someone with what they have rather than what they have lost, only then can you transform their lives. 

The second phase is identifying and building upon the strengths of the mothers. Vocational classes are available in skills such as sewing and beauty salon training with plans to add electronic engineering as the programme gains traction. The women are enrolled in a rigorous two-month training programme, where they learn the physical skills as well as the entrepreneurial knowledge needed to sustain their businesses, including marketing, scalability and financial planning. 

Finally, the mothers receive the equipment needed to start their own business on a repayable loan scheme. They create and sell their products under the quality assurance brand name "MOM". It is worth noting that their potential consumer base is up to 50 million pilgrims who flock to Iraq each year as well as a growing local consumer market. 

Dozen of mothers have graduated through the programme, guided and supported by the charity and their strong reliable partners on the ground in Karbala. 

## Orphan care 

The charity’s support for orphaned children continues to be a flagship programme. During the year, the charity supported hundreds of children with monthly supplementary income. Sponsorships were not only granted for essentials such as food, shelter and clothing but also assisted orphaned students in attending school, training programmes, apprenticeships and university courses. 

## Water and solar projects 

In today's times 1 in 9 people still don't have access to safe drinking water and diarrhoea is still the third biggest killer of children under five years old in Sub-Saharan Africa. The charity in its mission continues to provide access to clean and safe drinking water and dignity for people in the world's poorest places and most challenging environments. 

Over the last year the charity provided over 100,000 people in Iraq, Kenya, Pakistan and Tanzania with clean drinking water. The charity has continued to support the installation of wells, piped supplies or water treatment plants in Asia, Africa and the Middle East since the start of this project. 

Villages around Pemba Island, Tanzania have benefited tremendously from a new water scheme where the charity has been instrumental. With the assistance of the charity, water storage tanks of up to ten thousand litres were constructed and installed at various spots around the villages. This enabled the local villagers to have access to water at their doorstop. Prior to this, the nearest water sources were between one and three kilometres away. Thus a significant number of hours of villager's day has become more productive, saving them from making the water journey which would often be on foot. 

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## **The Lady Fatemah (A.S) Charitable Trust** 

## **Trustees' Report (continued)** 

## **Financial review** 

During the year under review the charity showed a surplus of £868,843 (2021 - £213,017). As at the balance sheet date the charity held funds of £3,242,728 (2021 - £2,373,884). 

The details between restricted and unrestricted funds are given in note 16. The trustees consider the state of the charity's affairs to be satisfactory. 

## _**Policy on reserves**_ 

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six months' expenditure. The trustees consider that reserves at this level will ensure that in the event of a significant drop in funding, they will be able to continue the charity's current activities while consideration is given to ways in which additional funds may be raised. The trustees are aware of the current level of reserves held and continue to actively seek additional sources of funding for the next financial year. 

## _**Principal risks and uncertainties**_ 

The trustees regularly consider key risks the charity is exposed to and ensure to take corrective action to implement measures to manage and mitigate identified risks to an acceptable level. 

## Foreign currency risk 

The charity's activities overseas expose it primarily to the financial risks of changes in foreign currency exchange rates. The charity holds donations received in multiple currencies, mitigating the impact of changes in the foreign exchange rate. 

## Funding risk 

In order to avoid a funding gap and continually support ongoing activities and future developments, the charity ensures a diversified stream of donations are received from both institutional and individual donors. 

## Political risk 

A significant level of the charity's activities take place in countries which are classified with relatively high levels of political instability. The trustees regularly monitor and review the political state to anticipate impact on charitable initiatives. 

## Reputational risk 

The conduct of partnering organisations may have negative effects on the charity. To mitigate this risk, the charity primarily works with partner organisations that have been long standing and reputable. The trustees also regularly monitor activities of partner organisations, as well as build relationships with new organisations to facilitate efficiency. 

## _**Investment policy and objectives**_ 

The charity has no specific investment policies. Its general investment powers are as documented in the trust deed. 

Its primary investment is in Taita International Organic Limited, a company based in Kenya that was formed for infrastructural and farming development in the Taita Taveta region. The project is hoped would create employment and improve lives in the area as well as provide a sustainable return for the charity. 

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## **The Lady Fatemah (A.S) Charitable Trust** 

## **Trustees' Report (continued)** 

## **Structure, governance and management** 

## _**Nature of governing document**_ 

The charity was established by a charitable trust deed on 14 August 1998. 

The charity is administered in accordance with the powers invested in the trustees, as documented in the trust deed. 

There are no specific restrictions with regard to the way in which the charity may operate provided that the objects of the charity as documented are met. 

## _**Recruitment and appointment of trustees**_ 

Additional trustees may be appointed at the discretion of the trustees in accordance with the trust deed. At any one time there must be a minimum of three trustees and a maximum of seven trustees. 

## _**Organisational structure**_ 

The charity is not affiliated either with any political or religious organisation. 

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## **The Lady Fatemah (A.S) Charitable Trust** 

## **Trustees' Report (continued)** 

## **Statement of Trustees' Responsibilities** 

The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations. 

The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to: 

- select suitable accounting policies and then apply them consistently; 

- observe the methods and principles in the Charities SORP; 

- make judgements and estimates that are reasonable and prudent; 

- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and 

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. 

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008, and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. 

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. 

## **Disclosure of information to auditor** 

Each trustee has taken steps that they ought to have taken as a trustee in order to make themselves aware of any relevant audit information and to establish that the charity's auditor is aware of that information. The trustees confirm that there is no relevant information that they know of and of which they know the auditor is unaware. 

## **Reappointment of auditor** 

A resolution for the re-appointment of Smartax Limited as auditors of the charity is to be proposed at the forthcoming Annual General Meeting. 

The annual report was approved by the trustees of the charity on 30 January 2023 and signed on its behalf by: 

......................................... Mrs Kanize Fatma A Karim Trustee 

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## **The Lady Fatemah (A.S) Charitable Trust** 

## **Independent Auditor's Report to the Members of The Lady Fatemah (A.S) Charitable Trust** 

## **Opinion** 

We have audited the financial statements of The Lady Fatemah (A.S) Charitable Trust (the 'charity') for the year ended 31 March 2022, which comprise the Statement of Financial Activities, Balance Sheet, Cash Flow Statement, and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is United Kingdom Accounting Standards, comprising Charities SORP - FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and applicable law (United Kingdom Generally Accepted Accounting Practice). 

- In our opinion the financial statements: 

- give a true and fair view of the state of the charity's affairs as at 31 March 2022 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended; 

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and 

- have been prepared in accordance with the requirements of the Charities Act 2011. 

## **Basis for opinion** 

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. 

## **The impact of uncertainties due to COVID-19 and Britain exiting the European Union on our audit** 

Uncertainties related to the effects of COVID-19 and Brexit are relevant to understanding our audit of the financial statements. All audits assess and challenge the reasonableness of estimates made by the trustees such as recoverability of investments, intangible assets and related disclosures and the appropriateness of the going concern basis of preparation of the financial statements. All of these depend on assessments of the future economic environment and the charity's future prospects and performance. 

The COVID-19 pandemic has had an unprecedented impact upon the worldwide economy. At the date of this report, the full range of possible effects upon entities cannot be estimated or assessed due to the current levels of uncertainty around government and consumer responses to what might happen. 

Brexit is one of the most significant economic events of the UK, and at the date of this report its effects are subject to unprecedented levels of uncertainty of outcomes, with the full range of possible effects unknown. 

We applied a standard firm-wide approach in response to these uncertainties when assessing the charity's future prospects and performance. No audit should be expected to predict the unknown factors or all possible future implications for a charity and this is particularly the case in relation to COVID-19 and Brexit. 

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## **The Lady Fatemah (A.S) Charitable Trust** 

## **Independent Auditor's Report to the Members of The Lady Fatemah (A.S) Charitable Trust (continued)** 

## **Conclusions relating to going concern** 

In auditing the financial statements, we have concluded that the trustees use of the going concern basis of accounting in the preparation of the financial statements is appropriate. 

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue. 

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. 

## **Other information** 

The trustees are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. 

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. 

We have nothing to report in this regard. 

## **Matters on which we are required to report by exception** 

In the light of our knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees' Report. 

We have nothing to report in respect of the following matters where the Charities (Accounts and Report) Regulations 2008 requires us to report to you if, in our opinion: 

- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or 

- the financial statements are not in agreement with the accounting records and returns; or 

- certain disclosures of trustees remuneration specified by law are not made; or 

- we have not received all the information and explanations we require for our audit. 

## **Responsibilities of trustees** 

As explained more fully in the Statement of Trustees' Responsibilities (set out on page 8), the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. 

In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so. 

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## **The Lady Fatemah (A.S) Charitable Trust** 

## **Independent Auditor's Report to the Members of The Lady Fatemah (A.S) Charitable Trust (continued)** 

## **Auditor Responsibilities for the audit of the financial statements** 

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. 

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: 

We gained an understanding of the legal and regulatory framework applicable to the charity and the environment in which it operates, and considered the risk of acts by the charity that were contrary to applicable laws and regulations, including fraud. Our audit procedures were designed to respond to the risk, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion. 

We focused on laws and regulations that could give rise to a material misstatement in the financial statements, including, but not limited to, financial reporting legislation, the Charities Act 2011 and UK pensions and tax legislation. We assessed the extent of compliance with these laws and regulations as part of our procedures on the related financial statement items. Our tests included agreeing the financial statement disclosures to underlying supporting documentation and enquiries with management regarding correspondence with regulators and tax authorities. 

There are inherent limitations in the audit procedures described above and, the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it and therefore we have communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indication of fraud or non-compliance with laws and regulations throughout the audit. 

We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls), and determined that the principal risks were related to management bias in accounting estimates. We addressed the risk of management override of internal controls through testing journals. We evaluated whether there was evidence of bias by the directors in accounting estimates that represented a risk of material misstatement due to fraud. We challenged assumptions and judgements made by management in any significant accounting estimates. 

A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report. 

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## **The Lady Fatemah (A.S) Charitable Trust** 

## **Independent Auditor's Report to the Members of The Lady Fatemah (A.S) Charitable Trust (continued)** 

## **Use of our report** 

This report is made solely to the charity trustees, as a body, in accordance with section 144 of the Charities Act 2011 and regulations made under section 154 of that Act. Our audit work has been undertaken so that we might state to the trustees those matters we are required to state to trustees in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and its trustees as a body, for our audit work, for this report, or for the opinions we have formed. 

...................................... Smartax Limited, Statutory Auditor Chartered Certified Accountants and Statutory Auditors 38 Station Road Harrow Middlesex HA2 7SE 

30 January 2023 

Smartax Limited is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006. 

Page 12 



## **The Lady Fatemah (A.S) Charitable Trust** 

## **Statement of Financial Activities for the Year Ended 31 March 2022** 

|**Note**<br>**Income and Endowments from:**<br>Donations and legacies<br>2<br>Investment income<br>3<br>Other income<br>4<br>Total Income<br>**Expenditure on:**<br>Raising funds<br>5<br>Charitable activities<br>6<br>Total Expenditure<br>Net movement in funds<br>**Reconciliation of funds**<br>Total funds brought forward<br>Total funds carried forward<br>16|**Unrestricted**<br>**£**<br>409,422<br>1,726<br>(13,757)<br>397,391<br>(29,648)<br>(219,232)<br>(248,880)<br>148,511<br>1,038,611<br>1,187,122|**Restricted**<br>**£**<br>3,912,453<br>-<br>-<br>3,912,453<br>-<br>(3,192,121)<br>(3,192,121)<br>720,332<br>1,335,274<br>2,055,606|**Total**<br>**2022**<br>**£**<br>4,321,875<br>1,726<br>(13,757)<br>4,309,844<br>(29,648)<br>(3,411,353)<br>(3,441,001)<br>868,843<br>2,373,885<br>3,242,728|**Total**<br>**2021**<br>**£**<br>3,560,860<br>3,740<br>(8,002)|
|---|---|---|---|---|
|||||3,556,598|
|||||(43,870)<br>(3,299,711)|
|||||(3,343,581)|
|||||213,017<br>2,160,867|
|||||2,373,884|



All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2021 is shown in note 16. 

The notes on pages 16 to 33 form an integral part of these financial statements. Page 13 



## **The Lady Fatemah (A.S) Charitable Trust** 

## **(Registration number: 1072270) Balance Sheet as at 31 March 2022** 

|**Note**<br>**Fixed assets**<br>Investments<br>12<br>**Current assets**<br>Debtors<br>13<br>Cash at bank and in hand<br>14<br>**Creditors: Amounts falling due within one year**<br>15<br>**Net current assets**<br>**Net assets**<br>**Funds of the charity:**<br>**Restricted income funds**<br>Restricted funds<br>**Unrestricted income funds**<br>Unrestricted funds<br>**Total funds**<br>16|**2022**<br>**£**<br>46,151<br>401,184<br>2,827,458<br>3,228,642<br>(32,065)<br>3,196,577<br>3,242,728<br>2,055,606<br>1,187,122<br>3,242,728|**2021**<br>**£**<br>46,151<br>184,570<br>2,156,924|
|---|---|---|
|||2,341,494<br>(13,761)|
|||2,327,733|
|||2,373,884|
|||1,335,273<br>1,038,611|
|||2,373,884|



The financial statements on pages 13 to 33 were approved by the trustees, and authorised for issue on 30 January 2023 and signed on their behalf by: 

......................................... Mrs Kanize Fatma A Karim Trustee 

......................................... Dr Muhammad Asaria Trustee 

The notes on pages 16 to 33 form an integral part of these financial statements. Page 14 



## **The Lady Fatemah (A.S) Charitable Trust** 

## **Cash Flow Statement for the Year Ended 31 March 2022** 

|**Note**<br>**Cash flows from operating activities**<br>Net cash income<br>**Adjustments to cash flows from non-cash items**<br>Investment income<br>3<br>**Working capital adjustments**<br>(Increase)/decrease in debtors<br>13<br>Increase in creditors<br>15<br>Net cash flows from operating activities<br>**Cash flows from investing activities**<br>Interest receivable and similar income<br>3<br>Net increase in cash and cash equivalents<br>Cash and cash equivalents at 1 April<br>Cash and cash equivalents at 31 March|**2022**<br>**£**<br>868,843<br>(1,726)<br>867,117<br>(216,614)<br>18,305<br>668,808<br>1,726<br>670,534<br>2,156,924<br>2,827,458|**2021**<br>**£**<br>213,017<br>(3,740)|
|---|---|---|
|||209,277<br>59,861<br>1,056|
|||270,194<br>3,740|
|||273,934<br>1,882,990|
|||2,156,924|



All of the cash flows are derived from continuing operations during the above two periods. 

The notes on pages 16 to 33 form an integral part of these financial statements. Page 15 



## **The Lady Fatemah (A.S) Charitable Trust** 

## **Notes to the Financial Statements for the Year Ended 31 March 2022** 

## **1 Accounting policies** 

## **Statement of compliance** 

The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011. 

## **Basis of preparation** 

The Lady Fatemah (A.S) Charitable Trust meets the definition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. 

The financial statements are prepared in sterling, which is the functional currency of the entity. 

## **Going concern** 

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern. 

## **Judgements and key sources of estimation uncertainty** 

In the application of the accounting policies, Trustees are required to make judgement, estimates and assumptions about the carrying value of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affected current and future periods. 

The only significant judgement and estimate made by the Trustees is deemed to be in relation to the amount of gift aid that will be reclaimable on the donations received. 

## **Income and endowments** 

Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability. 

## _**Donations and legacies**_ 

Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured. 

## _**Investment income**_ 

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank 

Page 16 



## **The Lady Fatemah (A.S) Charitable Trust** 

## **Notes to the Financial Statements for the Year Ended 31 March 2022 (continued)** 

## **1 Accounting policies (continued)** 

## **Expenditure** 

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. Expenditure is recognised on an accruals basis. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources. 

## _**Raising funds**_ 

These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds. 

## _**Charitable activities**_ 

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. 

## _**Grant expenditure**_ 

Grants payable are charged in the year when the offer is conveyed to the recipient. Grants offered subject to conditions which have not been met at the year-end date are noted as a commitment but not accrued as expenditure. Where a grant has been made for the benefit of an individual, or a group of individuals, through the means of an institution, this is recorded as a grant to the institution. 

## _**Grant provisions**_ 

Provisions for grants are made when the intention to make a grant has been communicated to the recipient but there is uncertainty about either the timing of the grant or the amount of grant payable. 

## **Support costs** 

Support costs include central functions such as governance cost, finance and information technology incurred directly in support of expenditure on the objects of the charity. They have been allocated to activity cost categories on a basis consistent with the use of resources, for example based on the total direct costs of each activity type. 

## **Governance costs** 

These include the costs attributable to the charity’s compliance with constitutional and statutory requirements. 

## **Volunteers** 

The value of the services provided by volunteers is not incorporated into these financial statements. 

## **Irrecoverable VAT** 

Irrecoverable VAT is charged against the category of resources expended for which it was incurred. 

Page 17 



## **The Lady Fatemah (A.S) Charitable Trust** 

## **Notes to the Financial Statements for the Year Ended 31 March 2022 (continued)** 

## **1 Accounting policies (continued)** 

## **Taxation** 

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable trust for UK corporation tax purposes. Accordingly, the charity is exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. 

## **Social investments** 

Programme related or mixed motive investments are measured at cost and assessed for impairment at the end of each reporting period. 

## **Fixed asset investments** 

Fixed asset investments, other than programme related or mixed motive investments, are included at market value at the balance sheet date. Realised gains and losses on investments are calculated as the difference between sales proceeds and their market value at the start of the year, or their subsequent cost, and are charged or credited to the Statement of Financial Activities in the period of disposal. 

Unrealised gains and losses represent the movement in market values during the year and are credited or charged to the Statement of Financial Activities based on the market value at the year end. 

## **Debtors** 

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Accrued income and tax recoverable is included at the best estimate of the amounts receivable at the balance sheet date. 

## **Cash and cash equivalents** 

Cash and cash equivalents comprise cash on hand, demand deposits and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. 

## **Creditors** 

Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount after allowing for any trade discounts due. 

## **Foreign exchange** 

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the balance sheet date are reported at the rates of exchange prevailing at that date. 

Exchange differences are recognised in the statement of financial activities in the period in which they arise. 

Page 18 



## **The Lady Fatemah (A.S) Charitable Trust** 

## **Notes to the Financial Statements for the Year Ended 31 March 2022 (continued)** 

## **1 Accounting policies (continued)** 

## **Fund structure** 

Unrestricted income funds are general funds that are available for use at the trustees' discretion in furtherance of the objectives of the charity. 

Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose. 

The aims and use of each material restricted fund are set out in note 17 of the financial statements. 

## **Financial instruments** 

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. 

## **2 Income from donations and legacies** 

|Donations and legacies;<br>General donations|**Unrestricted**<br>**funds**<br>**£**<br>409,422<br>409,422|**Restricted**<br>**£**<br>3,912,453<br>3,912,453|**Total**<br>**2022**<br>**£**<br>4,321,875<br>4,321,875|**Total**<br>**2021**<br>**£**<br>3,560,860|
|---|---|---|---|---|
|||||3,560,860|



£426,145 of the prior year income was attributable to unrestricted funds and £3,134,715 to restricted funds. 

## **3 Investment income** 

|Interest receivable and similar income;<br>Interest receivable on bank deposits|**Unrestricted**<br>**funds**<br>**£**<br>1,726|**Total**<br>**2022**<br>**£**<br>1,726|**Total**<br>**2021**<br>**£**<br>3,740|
|---|---|---|---|



All of the prior year income was attributable to unrestricted funds. 

## **4 Other income** 

|Foreign exchange (losses)/gains|**Unrestricted**<br>**funds**<br>**£**<br>(13,757)|**Total**<br>**2022**<br>**£**<br>(13,757)|**Total**<br>**2021**<br>**£**<br>(8,002)|
|---|---|---|---|



All of the prior year losses were attributable to unrestricted funds. 

Page 19 



## **The Lady Fatemah (A.S) Charitable Trust** 

## **Notes to the Financial Statements for the Year Ended 31 March 2022 (continued)** 

## **5 Expenditure on raising funds** 

## **a) Costs of generating donations and legacies** 

|**a) Costs of generating donations and legacies**||||
|---|---|---|---|
|Event costs<br>Marketing and publicity<br>Membership subscriptions|**Unrestricted**<br>**funds**<br>**£**<br>11,648<br>12,000<br>6,000<br>29,648|**Total**<br>**2022**<br>**£**<br>11,648<br>12,000<br>6,000<br>29,648|**Total**<br>**2021**<br>**£**<br>30,165<br>6,975<br>6,730|
||||43,870|



All of the prior year expenditure was attributable to unrestricted funds. 

Page 20 



## **The Lady Fatemah (A.S) Charitable Trust** 

## **Notes to the Financial Statements for the Year Ended 31 March 2022 (continued)** 

## **6 Expenditure on charitable activities** 

|Education<br>Healthcare<br>Humanitarian<br>Micro finance<br>Orphan care<br>Water and solar projects<br>Education<br>Healthcare<br>Humanitarian<br>Micro finance<br>Orphan care<br>Water and solar projects|**Activity**<br>**undertaken**<br>**directly**<br>**£**<br>17,177<br>1,155<br>-<br>-<br>-<br>83,484<br>101,816<br>**Activity**<br>**undertaken**<br>**directly**<br>**£**<br>52,848<br>-<br>-<br>-<br>-<br>-<br>52,848|**Grant funding**<br>**of activity**<br>**£**<br>796,702<br>241,923<br>1,457,954<br>114,646<br>338,281<br>152,799<br>3,102,305<br>**Grant funding**<br>**of activity**<br>**£**<br>664,985<br>355,792<br>1,273,224<br>209,369<br>314,247<br>256,099<br>3,073,716|**Activity**<br>**support costs**<br>**£**<br>52,639<br>15,721<br>94,295<br>7,415<br>21,879<br>15,282<br>207,231<br>**Activity**<br>**support costs**<br>**£**<br>39,753<br>19,703<br>70,510<br>11,595<br>17,403<br>14,183<br>173,147|**2022**<br>**£**<br>866,518<br>258,799<br>1,552,249<br>122,061<br>360,160<br>251,565|
|---|---|---|---|---|
|||||3,411,352|
|||||**2021**<br>**£**<br>757,586<br>375,495<br>1,343,734<br>220,964<br>331,650<br>270,282|
|||||3,299,711|



£219,232 (2021 - £175,747) of the above expenditure was attributable to unrestricted funds and £3,192,121 (2021 - £3,123,964) to restricted funds. 

Page 21 



## **The Lady Fatemah (A.S) Charitable Trust** 

## **Notes to the Financial Statements for the Year Ended 31 March 2022 (continued)** 

## **7 Analysis of governance and support costs** 

## **Support costs allocated to charitable activities** 

|Education<br>Healthcare<br>Humanitarian<br>Micro finance<br>Orphan care<br>Water and solar projects<br>Education<br>Healthcare<br>Humanitarian<br>Micro finance<br>Orphan care<br>Water and solar projects|**Governance**<br>**costs**<br>**£**<br>18,684<br>5,580<br>33,470<br>2,632<br>7,766<br>5,424<br>73,556<br>**Governance**<br>**costs**<br>**£**<br>15,231<br>7,549<br>27,015<br>4,442<br>6,668<br>5,434<br>66,339|**Finance costs**<br>**£**<br>14,710<br>4,393<br>26,350<br>2,072<br>6,114<br>4,270<br>57,909<br>**Finance costs**<br>**£**<br>8,359<br>4,143<br>14,826<br>2,438<br>3,659<br>2,982<br>36,407|**Information**<br>**technology**<br>**£**<br>5,140<br>1,535<br>9,208<br>724<br>2,137<br>1,492<br>20,236<br>**Information**<br>**technology**<br>**£**<br>3,853<br>1,910<br>6,834<br>1,124<br>1,687<br>1,375<br>16,783|**Administration**<br>**costs**<br>**£**<br>7,829<br>2,338<br>14,024<br>1,103<br>3,254<br>2,273<br>30,821<br>**Administration**<br>**costs**<br>**£**<br>6,456<br>3,200<br>11,451<br>1,883<br>2,826<br>2,303<br>28,119|**Other support**<br>**costs**<br>**£**<br>6,276<br>1,875<br>11,243<br>884<br>2,609<br>1,822<br>24,709<br>**Other support**<br>**costs**<br>**£**<br>5,854<br>2,901<br>10,384<br>1,708<br>2,563<br>2,089<br>25,499|**Total**<br>**2022**<br>**£**<br>52,639<br>15,721<br>94,295<br>7,415<br>21,880<br>15,281|
|---|---|---|---|---|---|---|
|||||||207,231|
|||||||**Total**<br>**2021**<br>**£**<br>39,753<br>19,703<br>70,510<br>11,595<br>17,403<br>14,183|
|||||||173,147|



Page 22 



## **The Lady Fatemah (A.S) Charitable Trust** 

## **Notes to the Financial Statements for the Year Ended 31 March 2022 (continued)** 

## **7 Analysis of governance and support costs (continued)** 

Support costs have been allocated to direct activities based on the total direct costs of each activity type. 

## **Governance costs** 

|**Governance costs**||||
|---|---|---|---|
|Audit fees<br>Audit of the financial statements<br>Consultancy fees<br>Monitoring expenses<br>Legal and professional fees|**Unrestricted**<br>**funds**<br>**£**<br>7,000<br>25,902<br>16,934<br>23,720<br>73,556|**Total**<br>**2022**<br>**£**<br>7,000<br>25,902<br>16,934<br>23,720<br>73,556|**Total**<br>**2021**<br>**£**<br>6,000<br>25,500<br>26,359<br>8,480|
||||66,339|



All of the prior year expenditure was attributable to unrestricted funds. 

The trustees have decided to meet all governance costs from unrestricted funds and so no allocation or charge is made to restricted funds for any governance related costs. 

Page 23 



## **The Lady Fatemah (A.S) Charitable Trust** 

## **Notes to the Financial Statements for the Year Ended 31 March 2022 (continued)** 

## **8 Grant-making** 

|**Analysis of grants**<br>Education<br>Healthcare<br>Humanitarian<br>Micro finance<br>Orphan care<br>Water and solar|**Grants to institutions**<br>**2022**<br>**£**<br>**2021**<br>**£**<br>796,702<br>624,093<br>241,923<br>347,665<br>1,457,954<br>1,245,147<br>114,646<br>204,999<br>338,281<br>308,047<br>152,799<br>256,099<br>3,102,305<br>2,986,050|**Grants to individuals**<br>**2022**<br>**£**<br>**2021**<br>**£**<br>26,595<br>40,891<br>21,263<br>8,127<br>16,423<br>28,078<br>-<br>4,370<br>-<br>6,200<br>3,440<br>-<br>67,721<br>87,666|**Grants to individuals**<br>**2022**<br>**£**<br>**2021**<br>**£**<br>26,595<br>40,891<br>21,263<br>8,127<br>16,423<br>28,078<br>-<br>4,370<br>-<br>6,200<br>3,440<br>-<br>67,721<br>87,666|
|---|---|---|---|
||||87,666|



The support costs associated with grant-making are £200,646 (2021 - £170,220). 

Below are details of material grants made to institutions. 

Page 24 



## **The Lady Fatemah (A.S) Charitable Trust** 

## **Notes to the Financial Statements for the Year Ended 31 March 2022 (continued)** 

## **8 Grant-making (continued)** 

|**8**<br>**Grant-making (continued)**|||
|---|---|---|
|**Name of institution**<br>Al-Anwar Al-Najafyia Foundation<br>Al-Aqeelah Foundation for<br>Development & Relief<br>Al Basaer Development and Charity<br>Foundation<br>Alimaan Charitable Trust<br>Anjumane Faize Panjetani<br>Atfaluna Society for Deaf Children<br>Bab-ul-ilm Public School and College<br>Najaf<br>Bilal Muslim Mission<br>Dar Al Zahra Charitable School<br>Dehkada Mehr Charitable Organisation<br>Goodwill Caravan<br>Hussaini Foundation<br>IFTA Welfare Trust<br>International Development and Relief<br>Foundation<br>Iraqi Orphan Foundation<br>Irshad Trust<br>Khatam Alnabaeen Limited<br>Pemba Development Organization<br>Pravalli Welfare Trust<br>The International Rescue Committee,<br>U.K.<br>The Who is Hussein Foundation<br>Yemen Relief and Reconstruction<br>Foundation|**2022**<br>**£**<br>318,413<br>90,283<br>367,935<br>103,650<br>198,213<br>58,873<br>75,000<br>137,561<br>140,150<br>65,839<br>59,700<br>55,500<br>-<br>270,362<br>28,000<br>30,000<br>44,300<br>23,620<br>95,950<br>74,416<br>54,054<br>38,207<br>2,330,027|**2021**<br>**£**<br>281,245<br>19,582<br>368,198<br>117,756<br>113,971<br>129,934<br>-<br>83,710<br>127,300<br>-<br>56,195<br>19,000<br>102,766<br>371,704<br>50,000<br>77,500<br>64,466<br>76,393<br>131,509<br>-<br>39,330<br>105,781|
|||2,336,340|



Page 25 



## **The Lady Fatemah (A.S) Charitable Trust** 

## **Notes to the Financial Statements for the Year Ended 31 March 2022 (continued)** 

## **9 Net incoming/outgoing resources** 

Net incoming resources for the year include: 

|Audit fees<br>Foreign currency losses|**2022**<br>**£**<br>7,000<br>13,757|**2021**<br>**£**<br>6,000<br>8,002|
|---|---|---|



## **10 Trustees remuneration and expenses** 

No trustees, nor any persons connected with them, have received any remuneration from the charity during the year. 

No trustees have received any reimbursed expenses or any other benefits from the charity during the year. 

## **11 Taxation** 

The charity is a registered charity and is therefore exempt from taxation. 

## **12 Investments** 

## **Social investments** 

|**Cost**<br>At 1 April 2021<br>At 31 March 2022<br>**Provision**<br>At 31 March 2022<br>**Net book value**<br>At 31 March 2022<br>At 31 March 2021|**Mixed motive**<br>**investments**<br>**£**<br>46,151<br>46,151<br>-<br>46,151<br>46,151|**Total**<br>**£**<br>46,151|
|---|---|---|
|||46,151<br>-|
|||46,151|
|||46,151|



Page 26 



## **The Lady Fatemah (A.S) Charitable Trust** 

## **Notes to the Financial Statements for the Year Ended 31 March 2022 (continued)** 

## **13 Debtors** 

|**13 Debtors**|||
|---|---|---|
|Prepayments<br>Accrued income<br>Other debtors|**2022**<br>**£**<br>4,591<br>270,322<br>126,271<br>401,184|**2021**<br>**£**<br>-<br>22,702<br>161,868|
|||184,570|



Included within other debtors is a short term loan of £100,000 (2021 - £100,000) provided to B W Foundation, a registered UK charity. 

## **14 Cash and cash equivalents** 

|**14 Cash and cash equivalents**|||
|---|---|---|
|Cash at bank<br>**15 Creditors: amounts falling due within one year**<br>Trade creditors<br>Other creditors<br>Accruals|**2022**<br>**£**<br>2,827,458<br>**2022**<br>**£**<br>7,560<br>1,545<br>22,960<br>32,065|**2021**<br>**£**<br>2,156,924|
|||**2021**<br>**£**<br>-<br>-<br>13,761|
|||13,761|



## **16 Funds** 

|**16 Funds**|||||||
|---|---|---|---|---|---|---|
||**Balance at 1**||**Incoming**|**Resources**|**Balance**|**at 31**|
||**April**|**2021**|**resources**|**expended**|**March**|**2022**|
||**£**||**£**|**£**|**£**||
|**Unrestricted**|||||||
|General funds|1,038,611||397,391|(248,880)|1,187,122||
|**Restricted**|||||||
|Afghanistan appeal||-|241,034|(154,755)|86,279||
|Al Qasr residence||-|198,411|(198,213)||198|
|Al Zahra School - Najaf||-|133,408|(132,740)||668|
|Babul Ilm Public School||-|277,459|(276,944)||515|
|Burma emergency appeal||9,367|-|-||9,367|
|Cataract project||-|37,582|(29,901)||7,681|
|Covid relief fund||-|68,729|(55,380)|13,349||
|East African drought|12,052||11,326|(15,000)||8,378|



Page 27 



## **The Lady Fatemah (A.S) Charitable Trust** 

## **Notes to the Financial Statements for the Year Ended 31 March 2022 (continued)** 

## **16 Funds (continued)** 

|**16 Funds (continued)**||||||||
|---|---|---|---|---|---|---|---|
||**Balance at 1**|||**Incoming**<br>**Resources**|||**Balance at 31**|
|||**April**|**2021**|**resources**||**expended**|**March 2022**|
|||**£**|||**£**|**£**|**£**|
|Education|||(8,454)||105,197|(77,473)|19,270|
|Gaza orphan appeal|||-||214,145|(58,873)|155,272|
|Give IT 100|||52,849||80,881|(13,762)|119,968|
|Housing for poor|||38,000||50,000|(55,500)|32,500|
|IHEC|||4,527||-|-|4,527|
|Imam Al-Hujjah Hospital||128,992|||64,050|-|193,042|
|Investment fund|||23,046||-|-|23,046|
|Iran earthquake|||500||-|-|500|
|Islamic Humanitarian Service|||-||140,579|(70,706)|69,873|
|Lebanon Appeal|||4,416||3,742|(1,504)|6,654|
|Medical aid project|||16,744||73,938|(33,898)|56,784|
|Micro finance project|||3,604||39,664|(38,485)|4,783|
|Middle East - Bahrain appeal|||5,085||-|-|5,085|
|Mothernomics|||49,648||287,923|(76,161)|261,410|
|Muslim Jina|||-||10,485|(9,079)|1,406|
|Orphan and widows||111,244|||263,926|(310,281)|64,889|
|Ramadhan iftar, fitra and fidya|||917||185,902|(173,270)|13,549|
|Sadaqah|||48,221||85,023|(74,920)|58,324|
|Sahme Imam|||33,226||401,692|(293,399)|141,519|
|Sahme Sadaat||130,123|||388,191|(234,131)|284,183|
|Syrian appeal|||24,198||524|-|24,722|
|Water well project|||32,430||234,719|(236,283)|30,866|
|Yemen humanitarian appeal||608,511|||255,837|(523,969)|340,379|
|Zanzibar health|||-||48,088|(46,494)|1,594|
|Zaqat|||6,028||9,998|(1,000)|15,026|
|||1,335,274|||3,912,453|(3,192,121)|2,055,606|
|**Total funds**||2,373,885|||4,309,844|(3,441,001)|3,242,728|
||||||||**Balance at**|
||**Balance at 1**||**Incoming**||**Resources**||**31 March**|
||**April**|**2020**|**resources**||**expended**|**Transfers**|**2021**|
||**£**|||**£**|**£**|**£**|**£**|
|**Unrestricted**||||||||
|General funds|964,598|||421,883|(219,616)|(128,254)|1,038,611|
|**Restricted**||||||||
|Al Qasr residence||535||8,168|(113,971)|105,268|-|
|Al Zahra School - Najaf|59,628|||13,799|(73,427)|-|-|
|Ammalife||100||-|(100)|-|-|
|Burma emergency appeal|8,314|||1,053|-|-|9,367|
||||Page 28|||||





## **The Lady Fatemah (A.S) Charitable Trust** 

## **Notes to the Financial Statements for the Year Ended 31 March 2022 (continued)** 

## **16 Funds (continued)** 

|**Funds (continued)**||||||
|---|---|---|---|---|---|
||||||**Balance at**|
||**Balance at 1**|**Incoming**|**Resources**||**31 March**|
||**April 2020**|**resources**|**expended**|**Transfers**|**2021**|
||**£**|**£**|**£**|**£**|**£**|
|Cataract project|248|17,952|(18,200)|-|-|
|Chicken per family|777|-|(777)|-|-|
|Covid relief fund|1,239|169,449|(193,674)|22,986|-|
|East African drought|12,052|-|-|-|12,052|
|Education|5,927|148,543|(162,924)|-|(8,454)|
|Gaza orphan appeal|(22,702)|139,986|(117,284)|-|-|
|Give IT 100|-|73,149|(20,300)|-|52,849|
|Housing for poor|-|57,000|(19,000)|-|38,000|
|IHEC|4,527|-|-|-|4,527|
|Imam Al-Hujjah Hospital|104,792|24,200|-|-|128,992|
|Imam Dhameen|1,247|-|(1,247)|-|-|
|Investment fund|23,046|-|-|-|23,046|
|Iran earthquake|500|-|-|-|500|
|IZAAS Bukoba|911|-|(911)|-|-|
|Kings Ahlulbayt Islamic||||||
|Society|1,700|-|(1,700)|-|-|
|Lebanon Appeal|-|29,546|(25,130)|-|4,416|
|Lifesave project|12,250|-|(12,250)|-|-|
|Medical aid project|19,876|9,271|(12,403)|-|16,744|
|Micro finance project|409|37,972|(34,777)|-|3,604|
|Middle East - Bahrain||||||
|appeal|5,085|-|-|-|5,085|
|Mothernomics|45,863|178,377|(174,592)|-|49,648|
|Nadhar Imam Hussein and||||||
|Hazrat Abbas|2,993|-|(2,993)|-|-|
|Orphan and widows|12,597|234,102|(135,456)|-|111,243|
|Pakistan flood appeal|20|-|(20)|-|-|
|QECH Malawi|2,310|-|(2,310)|-|-|
|Quran recitation|14|-|(14)|-|-|
|Ramadhan iftar, fitra and||||||
|fidya|65,238|139,515|(203,835)|-|918|
|Radde Mazalim|4,044|50|(4,094)|-|-|
|Sadaqah|9,002|39,743|(524)|-|48,221|
|Sahme Imam|97,450|383,042|(447,267)|-|33,225|
|Sahme Sadaat|240,129|420,581|(530,587)|-|130,123|
|Salima memorial medical||||||
|education project|1,616|-|(1,616)|-|-|
|Solar Project/solar backpack|65|-|(65)|-|-|
|Syrian appeal|24,966|2,432|(3,200)|-|24,198|



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## **The Lady Fatemah (A.S) Charitable Trust** 

## **Notes to the Financial Statements for the Year Ended 31 March 2022 (continued)** 

## **16 Funds (continued)** 

|**16 Funds (continued)**||||||
|---|---|---|---|---|---|
|Water well project<br>Wheel chair<br>Yemen humanitarian appeal<br>Zaqat<br>**Total funds**|**Balance at 1**<br>**April 2020**<br>**£**<br>46,031<br>6,078<br>376,236<br>21,156<br>1,196,269<br>2,160,867|**Incoming**<br>**resources**<br>**£**<br>242,433<br>-<br>757,349<br>7,003<br>3,134,715<br>3,556,598|**Resources**<br>**expended**<br>**£**<br>(256,034)<br>(6,078)<br>(525,074)<br>(22,131)<br>(3,123,965)<br>(3,343,581)|**Transfers**<br>**£**<br>-<br>-<br>-<br>-<br>128,254<br>-|**Balance at**<br>**31 March**<br>**2021**<br>**£**<br>32,430<br>-<br>608,511<br>6,028|
||||||1,335,273|
||||||2,373,884|



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## **The Lady Fatemah (A.S) Charitable Trust** 

## **Notes to the Financial Statements for the Year Ended 31 March 2022 (continued)** 

## **16 Funds (continued)** 

The specific purposes for which the funds are to be applied are as follows: 

Afghanistan Appeal - Food aid and humanitarian assistance in war torn Afghanistan 

Al Qasr residence - Construction of a new multi story building for the benefit of pilgrims coming to Karbala, Iraq 

Al Zahra School - Najaf - Providing facilities for a school for orphans in Najaf 

Ammalife - Providing support to a UK Charity that aims to save the lives of mothers at risk during pregnancy and childbirth in the poorest countries in the world 

Babul Ilm Public School - Construction of a school in Najaf 

Burma emergency appeal - Providing humanitarian aid and relieving poverty in Burma 

Cataract project - Carry out cataract and other ophthalmic operations in designated countries 

Covid relief fund - Providing relief and support in the fight against COVID-19 

East African Drought - Providing humanitarian aid to drought stricken areas in East Africa 

Education - Providing education at all levels, from primary to university, across the charity's designated countries 

Gaza orphan appeal - Provide care and aid for orphans in Gaza, Palestine 

Give IT 100 - A drive initiated to provide IT equipment to assist with the education of those less fortunate 

Housing for poor - Providing housing facilities for those in need 

Imam Al-Hujjah Hospital - Provide a public health facility and hospital equipment and supplies in Karbala, Iraq 

Investment fund - Used for specific investment purposes 

Iran Earthquake - Providing urgent humanitarian aid in Iran 

Islamic Humanitarian Service - Providing humanitarian assistance in various countries 

Middle East – Bahrain Appeal - Providing humanitarian aid and relieving poverty in Bahrain 

Muslim Jina - Emergency healthcare for Muslim Jina 

Lebanon appeal - Humanitarian assistance in Lebanon 

Lifesave project - Increase access to safe clean water, provide sanitation and hygiene education and the provision of water purification systems 

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## **The Lady Fatemah (A.S) Charitable Trust** 

## **Notes to the Financial Statements for the Year Ended 31 March 2022 (continued)** 

## **16 Funds (continued)** 

Medical aid project - Underprivileged provided with medical help and supplies 

Micro finance project - Income generation projects to help individuals, families and institutions develop skills and income to become financially independent 

Mothernomics - A unique project that is equipping widowed Iraqi mothers with the mindset, skills and the financial backing to provide for their families 

Orphan and widows - Provide care for orphans and widows in Iraq, India, Pakistan, Lebanon and Palestine. 

QECH Malawi - Provide funding for equipping hospital wards, renovation and maintenance of the Queen 

Elizabeth Central Hospital in Malawi 

Ramadhan iftar, fitra and fidya - Providing essential sustenance for those in poverty during the holy month of Ramadhan 

Sadaqah - Donations to be used for the poor and the needy of the wider community 

Sahme Imam - Giving of alms in accordance with religious guidelines to the poor 

Sahme Sadat - Giving of alms in accordance with religious guidelines to religious causes 

Salima memorial medical education project - Supporting medical education in memory of Salima Khalfan 

Solar project/solar backpack - The development and distribution of solar cookers, chargers and lights in communities where grid electricity is limited or non-existent 

Syrian Appeal - Help provide food medical care and a safe home to Syrian families, a country that has been stricken by war 

Water Well Project - Help provide clean decontaminated water through building water wells and necessary piping 

Yemen humanitarian appeal - Providing humanitarian and reconstruction relief in Yemen 

Zanzibar Health - To provide easy access health care to the people of Zanzibar 

Zaqat - Donations used for the poor and needy as per religious obligations 

During the year there were transfers in the sum of £Nil (2021 - £128,254) between unrestricted and restricted funds. In accordance with the Charities SORP (FRS 102) these relate to the use of unrestricted funds at the discretion of the Trustees to meet any funding shortfall on restricted projects. 

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## **The Lady Fatemah (A.S) Charitable Trust** 

## **Notes to the Financial Statements for the Year Ended 31 March 2022 (continued)** 

## **17 Analysis of net assets between funds** 

|Investments<br>Current assets<br>Current liabilities<br>Total net assets<br>Programme related investments<br>Current assets<br>Current liabilities<br>Total net assets<br>**18 Analysis of net funds**<br>Cash at bank and in hand<br>Net cash<br>Cash at bank and in hand<br>Net cash||**Unrestricted**<br>**funds**<br>**£**<br>23,105<br>1,196,082<br>(32,065)<br>1,187,122<br>**Unrestricted**<br>**funds**<br>**£**<br>23,105<br>1,029,267<br>(13,761)<br>1,038,611<br>**At 1 April**<br>**2021**<br>**£**<br>2,156,924<br>2,156,924<br>**At 1 April**<br>**2020**<br>**£**<br>1,882,990<br>1,882,990|**Restricted**<br>**£**<br>23,046<br>2,032,560<br>-<br>2,055,606<br>**Restricted**<br>**£**<br>23,046<br>1,312,227<br>-<br>1,335,273<br>**Cash flow**<br>**£**<br>670,534<br>670,534<br>**Cash flow**<br>**£**<br>273,934<br>273,934|**Total funds at**<br>**31 March 2021**<br>**£**<br>46,151<br>3,228,642<br>(32,065)|
|---|---|---|---|---|
|||||3,242,728|
|||||**Total funds at**<br>**31 March 2021**<br>**£**<br>46,151<br>2,341,494<br>(13,761)|
|||||2,373,884|
|||||**At 31 March**<br>**2022**<br>**£**<br>2,827,458<br>2,827,458<br>**At 31 March**<br>**2021**<br>**£**<br>2,156,924<br>2,156,924|



## **19 Related party transactions** 

During the year the charity made the following related party transactions: 

## **Mahmarzai Limited** 

(A company owned and manged by family members of a trustee, Mrs Kanize Fatema A Karim) During the year, the charity incurred fees in the sum of £70,447 (2021 - £76,500) in relation to management, advertising and administration services provided by Mahmarzai Limited. At the balance sheet date the amount due to/from Mahmarzai Limited was £Nil (2021 - £Nil). 

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