REGISTERED (￿ARITy NUMBEIL. 108343J REPORT OF THE TRUSTEES AND Fif4ANCtAL STATEMENTS FOR THE YEAR EMDED 31 DECEMOER 2023 FOR ThE KHAYAMI FOUNDATIQII Hartley FO￿ter 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 ￿ètert￿nts of the tharity for year ended 31 Decemter 2023. The tNstees ha¥e thpied the prowsions of A£coUntI￿ and Reporting by lJarfties'. state￿nt of Recorrmended praCu￿ applicable to chadues preparing thelr a￿OUnts In accordance vlth the ￿nancIal Rep￿Ing 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 we￿ore, the rellef ol need, hardship and dlstress and t￿￿ a(￿an￿rnent 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 a￿stan￿ 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 ar￿ngst 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 gU￿￿ance published by the charit￿5 Comrnls5(on. Grnntffljklng rn vlew of the wfde range cf objects whlch Khayaml F￿Jnda￿Gfi 15 seeklng to benefi¢ the trustees give much lirne to dIsCu￿ng the many requests for that are recelved frC￿ other thar￿e9 and as to how the maxlmum tenefits mlghl be thlevcd In terms d the tharty's Qbl￿ts. 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 hea￿hcare aTrJ Ot￿r ¢harfts￿e cause& Perfomiance achleved In ¢harltable actlvltSes agaln•t objertiTMS The aforernent%)ned dtsnab'ons enabled ￿ thayarnl Foundation to fuiffi its rt)JeCt￿e ol the adVan￿Ment 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 ro￿ng ath'mtl Inv¢5tment perfomianc• The Khayami Foundatlon doe5 Trjt rety on funds Imiested to balancÈ its b￿ge￿ 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. H￿￿ver, 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 S￿laent fuTrYs to cover manager￿t 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 DE￿MBER 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 Cr￿s￿l￿ed a5 an unlncorpyaied char5ty. Rocrultm•nt and appolntmert of new trugteeB New trustee5 are selected aC(￿dIng to their interest in oblecttves of the tha￿ty and the* eXperfen￿ In thdi respedve flelds. Orynfi••tlonal Strnrtwe Khayanl FoundatSon Is governed by a l￿rd of three tru5tee5 thosen for thelr range of skills. It is ￿p￿sented by peopk with buslness and rnanagement eXper￿n￿. The tru*ees 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 d￿N￿7￿j the charitable othrne5 for whlth The Khayaml Fou￿lat￿l￿ hos been set up. Induction •nd training of new trustees New trustees a￿ gfven an Induthon klt Ind￿lIng.. Charlty Comrnlsaon of Engla￿ and Waks 'The Essenllal Trustee" *ts out the ruks and ￿guLat￿S C￿ the ro￿, duties, and liabilitie5 of trustees. The appolntmert of tsu&ees Is confirmed after t￿Y Lmderstanding of a tn&ee'5 role, dutles and Ilablllues, R¢lJted part These are disdosed In the n¢Jte to flna￿al *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 p￿Ly, e￿OmPaSseS 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 r￿kS and set up n￿SSary prcKedure5. REFERENCE AND ADMINI￿RATThE I)EfAILS R•g15téred Charity number 1083433 Prlndpal address 4th Floor Tultlon H￿se 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 Indep￿dent ExamlnÈr Jrnathan AS￿ FCA artley FovAer LLP Ihartered Acrywntsnts 4th FthrTu￿l￿ HtyJ* 27-37 st Geuge's Road Immbledon SW19 4 Appwj by crfder ofthe tr*Jard 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 t￿ths ol the Trust you are rewsble fw the preparatlon of the accc4Jnts In aCcOrda￿e requlrements the 0￿rItIeS Act 2011 Cthe W. I repxi In resrErt cl my examlnaty.on cl the T￿5 accounts tsrr￿ out under Seth'on 145 01 the ALt and in car￿r￿j out my examlnatlon I have fo*Med all aFPlica￿e DlrecUon5 given by the Charity Cornmls51on unéer Seth"on 145151(bl d the Act. Independent examinerfj *t•t•m*nt 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 re￿tt.. 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 a￿Otsnts do not cOm￿Y wth the applicab￿ requirements ccfflwnlry the forrn and content of accounts sei out In the arftses (Accourts and Reports) Regularions 2￿8 other than any requlrernEnt thal the acaKJnts gfve a true and fair whlch15 rKJi a Matter cort￿dered as part of an iTrJeFendent examinatk)n. I have no concerns and have CO￿ acros5 Th) ots*r 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 FoW￿r LLP Chartered Accountsnts 4th H(xy Tultlon House 27-37 st G￿e'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 f*NERAL INFORMATION The tharity Is a UK-based dwritstle trust. address cl ts registe￿ Offi￿ Ls 4th Hocy, T￿tKIn 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 I￿arIt￿5.. stste￿nt of ReComn￿nded Prac applicable to charlties preparing thelr accounts In accordance with the Financial Reporting Standard appllcable In the UK and Reput41c of Ireland IFRS 1021 {effeCt￿e 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 tru*ees ¢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 ser￿S cl rneawres to control, mlugate and minimise effeunt&l for on an accruals basi5 6fKI has been clasgfRd Lmder headlngs that aggregate all c05t related to the category. whe￿ costs cannot be direcuy attrfbuted to particular ￿adIr&S they have been all￿ted to attwitie5 on a ba45 £￿Sistent wlth the use of resDurrz5. Grants lyfered subjert to COndth￿ whlch have not been n*t at the year end d3te a￿ noted as a commltsnent but not accrued as expendftwe. Charltable art5vltles Ctsritable experKliture cornprises those costs irKurred by the tharty ￿ the deifvery of its actNitiÈq and setvke5 for its enefidarie& It indudes both costs that can be alkKated to such ath"VI￿eS and those costs of an ir¥J[r￿t nature ne￿$Sary to SUPPC*t them. Go¥ernpnce costs fy)vernante costs InCl￿e those costs incuThed in the governan￿ of the (horty and ¢cYnprlse ￿ pruluctw of the statutory &CLyJnts and the independent examinab'on. Taxation The tharfty Is exempt from tsx on its ch￿ts￿[e aL￿v￿eS. 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 ￿(olda￿e 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 spedf*d by the dL¥)c¢ or when funds are raLsed for pa￿cUL7r re￿ricted 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 In*mJnRnts of a knnd that ouallfy as baslc thanckil Bast flnandal instrurnents are Initlally rttognlsed at transxtion volue and gJlJsequentty measur& at thelr se¢deft￿t vlue. CJsh at bank Cash at bank I￿ludeS tank dep05ts and short term hlghty Ilquhj Invetherts wth a short matudty of three ￿nthS or less frcm the date of aCquI￿￿On openir*4 ofthe de￿￿t or sirr4Lir account. Debto Trade other debtr￿ are recognw at ￿nt arn￿nt due. Wayrnents a￿ rec￿lsed at ￿ hwoted co kyepald. Cr￿St0 Creditcrs are recc4Jnised when the charfty has a present collgatjcfi resU￿r￿j 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 t￿1 grants pald to Instr(￿0￿5 thjring the year was a5 fo]kAYs'. 2023 2022 brary for Iranian Studies Che15eè & Wegmirts H(wltal LcKKlon Fla￿r￿j FEkJs FtyJnda￿0n 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 aCtIv￿leS 3,429 Supl￿t 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 De￿rnter 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 rewur￿S 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 £20,1￿OI2022- £nlll fw a trustee, .iO-