REGISTERED (ARITy NUMBEIL. 108343J REPORT OF THE TRUSTEES AND Fif4ANCtAL STATEMENTS FOR THE YEAR EMDED 31 DECEMOER 2023 FOR ThE KHAYAMI FOUNDATIQII Hartley FOter LLP Chartered Accwntants 4th Fb)r Tuiticfi H 27-37 St Gerxge's Road Wirnbledon London SW19 4EU
THE KHAYAMI FOUNDATION CONTEPUS OF THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 P•ge Reportof the Trurte Independent Ex•mlnoe* Il¥ort St•t•M•nt of Fln•ncl•l Actfvltl•s Bnlanc• Sheqt Mrt•i to the Flnandal Statements 7 to 10 Dotsiled Statemort of Fbn•ndal Actl¥ltle•
THE KHAYAMI FOUNDATION REpoKf OF THE TRusfEES FOR THE YEAR EIIDED 31 DECEMBER 2023 Tne trustees present their report wlth the finand61 ètertnts of the tharity for year ended 31 Decemter 2023. The tNstees ha¥e thpied the prowsions of A£coUntI and Reporting by lJarfties'. statent of Recorrmended praCu applicable to chadues preparing thelr aOUnts In accordance vlth the nancIal RepIng Standard applica in the UK and Republic cl Ireknd (FRS 1021 (effective l 20191. OBJECTIVES AND ACTMTIES Objertlves arbd Bim5 The principal athvities of the tharty are to advance the e(kncaUon of children oTrJ adults, to vance medical Search, $al weore, the rellef ol need, hardship and dlstress and t a(anrnent of relgi(kn. The thayaml Foundabon esYAlshed as a UK-based CharItsb In Novemter 20TrJ. The obletts of the Fajndauon are ddiberdtely exwged In the brcadest tern, provlding Its trustees th the wide rnandate lo offer and astan thre it Ls felt to be mjst need&l. However, It nonethele55, the of ts Trustees that the Fthjndation should frLus Ws attendcn on the ethos that pea and tolerance arngst natr.ons can be achkved through the womOtic cl eduutkjn and mutual understandlng bebNeen peop of 11 races rell>ons. Slgn5ncart artSvltl•J Ma1 acti'e5 undertaken In 2023 were to ryovlde dcnatbjns In support of education sodal weware, Public benefit The trustees have wfth the duty In sectlon 17 of CharfUe5 Act 2011 to hwe due regard to benent gUance published by the charit5 Comrnls5(on. Grnntffljklng rn vlew of the wfde range cf objects whlch Khayaml FJndaGfi 15 seeklng to benefi¢ the trustees give much lirne to dIsCung the many requests for that are recelved frC other thare9 and as to how the maxlmum tenefits mlghl be thlevcd In terms d the tharty's Qblts. AOIIEVEMENT AND PERFORMANCE Charitsble activit5eB Summary ofthe mjln a¢hlevaments durtng the y•Jr The Khayarrl FOurhJatiC was ab to rnake charftatAe grants of £35,000 In 5UPPJt ré heahcare aTrJ Otr ¢harftse cause& Perfomiance achleved In ¢harltable actlvltSes agaln•t objertiTMS The aforernent%)ned dtsnab'ons enabled thayarnl Foundation to fuiffi its rt)JeCte ol the adVanMent of edurAilon of cNkdren and adults, fo vance medica5 earCh, thal weKare, the relief d need, hardshy distress and &vanctYnent of TeNgl, Fundralllng artlvltles The Khayami FOUrthty does not undertake fvnd rong ath'mtl Inv¢5tment perfomianc• The Khayami Foundatlon doe5 Trjt rety on funds Imiested to balancÈ its bge FINANCIAL REVIEW Inancial )sItIon The IKomiry 9)UrceS for 2023 were £25.246 12022 - £52). Tne Khayaml Foundauth made tharftsb donats.S of £35,0 12022- £90,000). The charity ha5 unrethcied resetves of £22,974 as at 31 December 2023. Investment polScy and objertlves There are restdctions on the tharity'5 P(yATs to Invest. Hver, the trustees aTe averse and 11 sdect ary Invethnts wth that In mind. Re5er¥es pollcy It ts the polty of tharity to mairtain unrestricted fuTrJs, whth are the free re5erve5 of the charfty, at a kvel 1th pThlde5 Slaent fuTrYs to cover managert aTrJ adminisb3tDn aTh1 costs and to rE5k¥Jnd to appllcabons for grants thith Wise from tirlle to tin*.
THE KHAYAMI FOUNDATION REpoirr OF THE TRusfEES FOR THE YEAR ENDED 31 DEMBER 2023 FINANCIAL REVIEW Funds In denclt There are no fvnts in thficiL srRUCTUR4 GOVERNANCE AND MANAGEMENT Go¥eming document The Khayami ndab.c Is govemed by the Trust Lkeds aThJ is oryani5ed aCCOTdlng to t cOmmendati¢$ c< the Charlty Comml551on for EnglaNI and Waks. Charity constitutson The thayaml Foundaty 15 Crsled a5 an unlncorpyaied char5ty. Rocrultm•nt and appolntmert of new trugteeB New trustee5 are selected aC(dIng to their interest in oblecttves of the thaty and the eXperfen In thdi respedve flelds. Orynfi••tlonal Strnrtwe Khayanl FoundatSon Is governed by a lrd of three tru5tee5 thosen for thelr range of skills. It is psented by peopk with buslness and rnanagement eXpern. The truees are prfmarlW respjnsible for mntrolling the mwement and ajrrlnistsatyty) of The Khayaml FoundaUM charity aThl bear the ultlmate respwslblllty for dlreLlng the affairs Khayaml Foundatlon and ensurtng that Is thnt, well run and dN7j the charitable othrne5 for whlth The Khayaml Foulatl hos been set up. Induction •nd training of new trustees New trustees a gfven an Induthon klt IndlIng.. Charlty Comrnlsaon of Engla and Waks 'The Essenllal Trustee" ts out the ruks and guLatS C the ro, duties, and liabilitie5 of trustees. The appolntmert of tsu&ees Is confirmed after tY Lmderstanding of a tn&ee'5 role, dutles and Ilablllues, R¢lJted part These are disdosed In the n¢Jte to flnaal atemerts Related Patty Trnrwctlonl. The trustees have a duty to idendfy and revth the rfsks to %thch the tharfty Is exF4)sed and to en9Jre apkyoprfate controls are In pkce to de reasonable asgJrarKe against fraud and error. twstee5 have a management pLy, eOmPaSseS nnor(al, oFeratkJnal, legavregulatuy, rntegic and reputatlon arxl publlc Interest. The is an annual revlew of the risks the charlty may lace. AthcMJgh the thartty races fw4 r4sks thls eW has allowed tIE trustees to Identtfy these rkS and set up nSSary prcKedure5. REFERENCE AND ADMINIRATThE I)EfAILS R•g15téred Charity number 1083433 Prlndpal address 4th Floor Tultlon Hse 27-37 St George's Road Wimbledon London SW19 4EU Trustses A Khayaml H A S Gramlan H B Peters
THE KHAYAMI FOUNDATION REPORT OF THE TRusfEES FI)R THE YEAR EIIDED 31 DECEMBER 2023 REFERENCE AND ADMINisfRAifiE DEfAILS Indepdent ExamlnÈr Jrnathan AS FCA artley FovAer LLP Ihartered Acrywntsnts 4th FthrTul HtyJ 27-37 st Geuge's Road Immbledon SW19 4 Appwj by crfder ofthe trJard on 27 June 2024 on its behaw by.. ami- Trustee
llNDEPENDEf EXAMINER'S REPORT TO THE TRLISTEES OF THE KHAYAMI FOUNDATION Independent examinees reportto thetntss of The Khay•ml Foundatlon I repKrt to the charlty trustees on my exarnknauon of the a¢(umts of The Khayami FOUndatic (the Trust) for the year ended 31 Decemter 2023. Rwonsiblitles and basisof report As charity tths ol the Trust you are rewsble fw the preparatlon of the accc4Jnts In aCcOrdae requlrements the 0rItIeS Act 2011 Cthe W. I repxi In resrErt cl my examlnaty.on cl the T5 accounts tsrr out under Seth'on 145 01 the ALt and in carrj out my examlnatlon I have foMed all aFPlicae DlrecUon5 given by the Charity Cornmls51on unéer Seth"on 145151(bl d the Act. Independent examinerfj t•t•mnt I have completed my exarnlnatlon. I confirm that no material matters have come to my attentk)n In connection wth I examination me cause to telleye that in any matedal rett.. accounb'ng records were net kept Sn resFert of the Trust as rujulred by Sedon 130 of the ar the accounts do nat accord wlth those rccords; c the aOtsnts do not cOmY wth the applicab requirements ccfflwnlry the forrn and content of accounts sei out In the arftses (Accourts and Reports) Regularions 28 other than any requlrernEnt thal the acaKJnts gfve a true and fair whlch15 rKJi a Matter cortdered as part of an iTrJeFendent examinatk)n. I have no concerns and have CO acros5 Th) otsr matters Sn connectBJn wfth the examlnatton to whlch attentlon shwkj Ee drawn In this report In order to enobk a proper understandlng of the accounts to be reathed. Jonath n Askew FCA Hwdey FoWr LLP Chartered Accountsnts 4th H(xy Tultlon House 27-37 st Ge'S Road Wlnthdon London SW19 4EU 27 ju 2024
THE KHAYAMI FOUNDATION srATEMENT OF FINANCIAL AcfiviTIES FOR ThE YEAR EMDED 31 DECEMBER 2023 2023 Unre#ricted fij 2022 Totsl hjnds Notes INCOME AND ENDOWMVffs FROM Dryk3tk)ns and legaoie5 246 52 T¢)tsl 25.246 EXPENDrruRE ON Ch•rltatsl* atthrftle• Chantable acuviues 38,429 NEf INCOMEI(fAPENDITURE) 113,183) (92,948) RECONCIUATION OF FUIIDS Totsl fvrvls brwght forward 36.157 129,105 TOTAL FUNDS CARRIED FORWARD 22,974 36,157 The notesforn p•t or these flnandal staknaits
THE KHAYAMI FOUNDATION BALANCE SNEEr 31 DECEMBER 2023 2023 ToiBI funds 2022 Toial LiIRRENT ASSErs Cash at bank 25,149 ,227 CREDITORS Amounts falli (kje wlthln one year (2,175) (2,070} NET CURRENT ASSErs 22,974 36,157 TOTAL ErS LESSCURRENT LIABILrnE5 22.974 36.157 22,974 36,157 BJNDS lthrestrkted fuTrJs 22,974 36,157 TOTAL HJNDS 22,974 36,157 The finandal statemtnts re by the Bcerd of Trustees and authorfsed for on 27 June 2024 and Te skJFEd on bthalf bv,. i.Tn The rk)iesform p¥t Df Ihe5e finaTrJa siatamwt8
THE KHAYAMI FOUNDATION
NOTES TO THE FINANCIAL sfATEMEKrs
FOR THE YEAR ENDED 31 DECEMBER 2023
fNERAL INFORMATION
The tharity Is a UK-based dwritstle trust. address cl ts registe Offi Ls 4th Hocy, TtKIn House, 27-37 St
George's Road, Wimbledon, LonO)n SW19 4EU. The regtstered number of the charty is 1083433 The finarKial
informotion presented is for the year ended 31 December 2023 and 15 pTrserted in stertlng.
ACCOUNTING POLICIES
Basls of preparlng the flnanclal stotsment
The flnanckl staternents d the charity, which 15 a publc bLnent en¥ty under FRS 102, have been pregared In COrdanCe
th the (harlkn"e5 SORP IFRS 1021 Accwnting ènd Reporting by IarIt5.. ststent of ReComnnded Prac
applicable to charlties preparing thelr accounts In accordance with the Financial Reporting Standard appllcable In the UK
and Reput41c of Ireland IFRS 1021 {effeCte l January 20191,, ncIal RepLrtng Stsndard 102 The Finanaal Reporting
Stsndard applItab In the UK and RepU.C cl Ireland. and the Charltes Att 2011. financlal #atements have been
prepared under the hlstorl(al c05t conventkjn.
Golng concern
The truees ¢ongder that there are no material uncertalntles atrtht the charity'5 abllty to conllnue as a golng cortem.
In future years, tho key nsks to the chartty are a fall In income. The trustees have a serS cl rneawres to control,
mlugate and minimise effe
THE KHAYAMI FOUNDATION NOTES TO THE FINANCIAL sfATEMENTS- contlnued FOR THE YEAR ENDED 31 DECEMBER 2023 ACCOUNTING POUCIES. contlhued Fund •¢countlng Unrestrlcted funds can be used In (oldae vthth the thartsble objectives at the dkntion of the tn)5t ReYJlcted funds can be used for paEVcuLar restricted purposes within the objects of the tharity. ResXn"ct)ns arLse when spedfd by the dL¥)c¢ or when funds are raLsed for pacUL7r rericted purpc6e Further expknation of t1 nature aTrJ pwrK&e of eKh fund Is induded in the Trkn5 to the flThincial staternent& Flnancial Instrurn The charfty only has flnanclal InmJnRnts of a knnd that ouallfy as baslc thanckil Bast flnandal instrurnents are Initlally rttognlsed at transxtion volue and gJlJsequentty measur& at thelr se¢deftt vlue. CJsh at bank Cash at bank IludeS tank dep05ts and short term hlghty Ilquhj Invetherts wth a short matudty of three nthS or less frcm the date of aCquIOn openir4 ofthe det or sirr4Lir account. Debto Trade other debtr are recognw at nt arnnt due. Wayrnents a reclsed at hwoted co kyepald. CrSt0 Creditcrs are recc4Jnised when the charfty has a present collgatjcfi resUrj frorn a event that 11 Probab re5uts In the transfer cl lurth to a thlrd party and the amounl due to setde the obligatson can be mea9Jred or estimated rel¥)bly. Credltors are normal recognlsed at the settlement amou DONATIONS AND LEGACIES 2023 2022 Oon6Ucffis Glft ald 20,000 5,000 25,000 INVESTMENT INCOME 2023 2022 DeFo9t xcounl Snierest 246 52 GRANTS PAYABLE 2023 2022 Chafftable athities 35,000 The t1 grants pald to Instr(05 thjring the year was a5 fo]kAYs'. 2023 2022 brary for Iranian Studies Che15eè & Wegmirts H(wltal LcKKlon Flarj FEkJs FtyJnda0n Trussdl Trust ambrfyjk HoJ5e Care Horne 25,OCrfJ 50,000 10,000 30,OLM) 10.0 35,000 90,000
THE KHAYAMI FOUNDATION NOTES TO THE FINANCIAL sfATEMErirs- continued FOR THE YEAR ENDED 31 DECEMBER 2023 SUPPORT COSYS Govemance tharltable aCtIvleS 3,429 Suplt co45, Iwluded In the al, we as fokn¥s: Go¥•mance co#% 2023 Charltrdble acUwtie5 2022 Total actlwtles rTrJependent examiner fees 3,429 TRusfEES' REMUNEAATION AND BENEFITS There Tre ts) tyustee5' rernunerauon or other beneflts fcf the year ended 31 Dernter 2023 Th)r for the year ended 31 Decemtor 2022. There were Tr) tru5tees' expenses pak1 the year ended 31 Cecember 2023 ncf the year ended 31 f*cemLw 2022. CREDITORS; AMOUNTS FALUNG DUE ThIN ONE YEAR 2023 2Q22 Cxher credtys 2,175 2,070 MOVEMENT IN FW4DS Net ¥)vement In fvnds At 111123 31112123 Unrestrl¢t•d fund• Gthernl fund 36,157 (13,183) 22,974 TOTAL FUNDS 36,157 113,IB3) 22,974 Net rTr)vement In funds, In ihe ab are 35 foll)ws'. Incoming rewurS Resource5 Movement expended In funds UnregtiTCted funds Geneml fund 25,246 138,429) 113,1831 TOTAL FUNDS 25,246 (38,4291 (13,183)
THE KHAYAMI FOUNDATION NOTES TO THE FINANCIAL STATEMEiffs- cont(nued FOR THE YEAR ENDED 31 DECEMBER 2023 MOVEMENf IN FUNDS- COTrtinu•d C•mpwr•tlves for mov•mont in funds Net movement in At 31112122 At IIIR2 unrÈstrlCt funds ral fund 129,105 192,948) 36,157 TOTAL FUt4DS 129,105 (92,9481 36,IS7 C¢rfnpèraUve net rrthernenl In luTrts, I[ded In the above are as fdlx: Incoming re5nurces Resouros expended Movement In funds Unrestrfrted funds Gereral fund 193,(KQl (92,9481 TOTAL FUNDS 52 {93,000) (92,9481 io. Durfr4 yeor the Fwndadon recthed donauws or £20,1OI2022- £nlll fw a trustee, .iO-