CHARITY REGISTRATION NUMBER: 1085713
ALULBAYT FOUNDATION
Unaudited Financial Statements
31 March 2024
FAIRMAN DAVIS
Chartered accountants
3 Exhibition House
Addison Bridge Place
London
W14 8XP

ALULBAYT FOUNDATION
Financial Statements
Year ended 31 March 2024
Page
Trustees, annual report
Independent examiner's report to the trustees
Statement of financial activities
Statement of financial position
Notes to the financial statements

ALULBAYT FOUNDATION
Trustees, Annual Report
Year ended 31 March 2024
The trustees present their report and the unaudtied financial statements of the charity for the year ended
31 March 2024.
Reference and administrative details
Registered charity name
ALULBAYf FOUNDATION
Charity registration number
1085713
Prln¢ipal office
75 Brondesbury Park
London
NW6 7AX
The trustees
Mr Fadhil Mehdi
Mr Mohsen Mousavi
Mr Hamid Asmail
Independent examiner
Faimian Davis
3 Exhibition House
Addison Bridge Pla
London
W14 8XP
Structure, governance and management
Governing Documents
The organisation was registered as charity on 21 st March 2001 and is governed by its Trust Deed dated
19th March 2000.
Organisation Structure
Alulbayt Foundation has a Management Committee which meets quarterfy and is responsible for the
strategic direction and policy of the charity.
Risk Management
The Managemenl Committee has conducted a review of the major risks to which the charity is exposed
to and continues to monitor this on an ongoing basis. Where appropriate. systems or procedures have
been established to mitigate the risks the charity faces. Intemal control risks are minimised by the
implementation of procedures for authorisation of all transactions and projects. Procedures are in place
to ensure compliance with health and safety off volunteers, clients and visitors lo the centre. The
procedures are periodically reviewed to ensure that they continue to meet the needs of the charily.
Objectives and activities
The charity's objective and its principal activty continue to be that of providing relief of povety, sickness.
distress and the advancement of education in particular amongst people who are of Islamic Faith.

ALULBAYT FOUNDATION
Trustees. Annual Report (ContInu￿)
Year ended 31 March 2024
Achievements and perforniance
The Trustees consider that the perfomiance of the charity this year has been satisfactory.
Financial review
Against the backdrop of limited resources the charty has continued to plan or develop its services. With
the aid of sound financial management and the support of both its staff and volunteers, the Gharity has
achieved a satisfactory outcome for the year, with sufficienl resources to continue its normal activities
in the forthcoming years.
Plans for future periods
The charity intends to continue its activilies in pursuance of its defined objectives.
The trustees. annual report was approved on 27 September 2024 and signed on behalf of the board of
trustees by:
Mr Mohsen Mousavi
Trustee

ALULBAYT FOUNDATION
Independent Examiner's Report to the Trustees of ALULBAYf FOUNDATION
Year ended 31 March 2024
I report to the trustees on my examination of the financial statements of ALULBAYT FOUNDATION ('the
charity,) for the year ended 31 March 2024.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of Ihe financial statements in
accordance with the requirements of the Charilies Act 2011 ('the Act,).
I report in respect of my examination of the charity's financial statements carried out under section 145
of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given
by the Charity Commission under section 145(5)(b) of the Act.
Independent examlnerfs statement
Since the charity's gross income exceeded £250,000 your examiner must be a member of a body listed
in section 145 of the 2011 Act. I confirm Ihat l am qualified to undertake the examination because l am
a member ofthe Institute of Chartered Accountants in England and Wales (ICAEW), which is one ofthe
listed bodies.
I have completed my examination. I confirm that no material matters have Gome to my attention in
connection with the examination giving me cause to believe that in any material respect:
accounting records were not kept in respect of the Gharity as required by section 130 of the
A¢t- or
the financial statements do not accord wrth those records. or
the financial statemenls do not comply with the applicable requirements concerning the form
and content of accounts set out in the Charities (Accounts and Reports) RegLJlations 2008
other than any requirement that the accounts give a 'true and fairf view which is not a matter
considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which
attention should be drawn in this report in order to enable a proper understanding of the accounts to be
reached.
Fairman Davis
Independenl Examiner
3 Exhibilion House
Addison Bridge Place
London
W14 8XP

ALULBAYT FOUNDATION
Statement of Financial Activities
Year ended 31 March 2024
2024
Restricted
funds Total funds
2023
Unrestricted
funds
Tolal funds
Note
Income and endowments
Donations and legacies
Total income
265.905
217,762
483,667
422,950
265,905
217,762
483,667
422.950
Expenditure
Expendilure on charilable activities
Total expenditure
348.588
217,762
566,351
517,820
348,588
217,762
566,351
517.820
Net expenditure and net movement in
funds
(82.683)
(82,684)
194,870)
Reconciliation of funds
Total funds broughl forward
Total funds carried forward
208.585
208,585
303,454
125,902
125,902
208.584
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from Continuing activities.
The notes on pages 6 to 13 fomi part of these financlal statements.

ALULBAYT FOUNDATION
Statement of Financial Position
31 March 2024
2024
2023
Fixed assets
Tangible fixed assets
12
55,758
106,040
Current assets
Debtors
Cash at bank and in hand
13
29,742
46,221
32,957
74,555
75.963
107,512
Creditors: amounts falling due within one year
Net current assets
14
5,820
4,968
70.143
102,544
Total assets less current liabilities
125,901
208,584
Net assets
125,901
208.584
Funds of the charity
Unrestricted funds
126,021
208,584
Total charity funds
17
126,021
208,584
These financial statements were approved by the board of trustees and authorised for issue on 27
September 2024, and are signed on behaff of the board by:
sen Mousavi
Trustee
The notes on pages 6 to 13 forni part of these financial statements.

ALULBAYT FOUNDATION
Notes to the Financial Statements
Year ended 31 March 2024
General Infomiation
The charity is a public benefit entity and a registered charity in England and Wales and is
unincorporated. The address of the principal office is 75 Brondesbury Park, London. NW6 7AX.
Statement of compliance
These financial slaternents have been prepared in compliance with FRS 102. 'The Financial
Reporting Standard applicable in Ihe UK and the Republic of Ireland,, the Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102} (Charities
SORP (FRS 102}) and the Charities Act 2011.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. as modified by the
revaluation of certain financial assets and liabilities and investment properties measured at fair
value Ihrough income or expenditure.
The financial statements are prepared in sterling, which is the functional GU￿enCY of the entity.
Going concern
There are no material uncertainties about the charity's abilty to continue.
Fund accounting
Unrestricted funds are available for use al the discretion of the trustees to further any of the
charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or
commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through
the terms of an appeal. and fall into one of two sub-classes: restricted income funds or endowment
funds.

ALULBAYT FOUNDATION
Notes to the Financial Statements (continued)
Year ended 31 March 2024
Accounting policies iconllnu•d)
Incoming resources
All incoming resources are included in the statement of financial activities when enlitlement has
passed to the charity.. it is probable Ihat the economic benefits associaled with the Iransaction will
flow to the charity and the amount can be reliably measured. The following specific policies are
applied to particular categories of income:
income from donations or grants is ￿cOgnised when there is eviden￿ of entitlement to the
gift, receipt is probable and rts amount can be measured reliably.
legacy income is recognised when receipt is probable and enlillement is established.
income from donated goods is measured at the fair value of the goods unless this is
impractical to measure reliably, in which case the value is derived from the cost to the donor
or the estimated resale value. Donated facilities and services are recognised in the accounts
when received rf the value can be reliably Measured. No amounts are included for Ihe
contribution of general volunteers.
income from contracts for the supply of seNices is recognised with the delivery of Ihe
contracted service. This is classified as unreslricted funds unless there is a contractual
requirement for it to be spent on a particular purpose and retumed if unspent, in which case
it may be regarded as restricted.
Resources expended
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities
and services for its beneficiaries. It included both costs that can be allocaled directly to such
aclivities and those costs of an indirect nature necessary to support them. Govemance costs
include those costs associated with meeling the charity's constitutional and statutory requirements
as well as costs linked to Ihe strategic management of the charty.
Tangible assets
All fixed assets are initially recorded at cost.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset. less its residual value,
over the useful economic life of that asset as follows-
Property improvements
Fixtures & Fittings
Motor Vehicles
Equipment
1 OYO Straight line
25 % straight line
25 /• Straight line
25 % slraighl line
Impairment of fixed assets
A review for indicators of impairrnent is carried out at each reporting dale, with the recoverable
amount being estimated where such indicators exist. Where the carrying value exceeds the
recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for
possible reversal at each reporting date.

ALULBAYT FOUNDATION
Notes to the Financial Statements (Gontinued)
Year ended 31 March 2024
A¢¢ounting policies (¢ontInu￿)
Impairmen* of fixed assets (continued)
For the purposes of impairment testing. when it is not possible to estimate the recoverable amount
of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit
to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets
that includes the asset and generates cash inflows Ihat largely independent of the cash inflows
from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is. from the
acquisition date. allocated lo each of the cash-generatin9 units that are expected lo benefit from
the synergies of the combination, irrespective of whelher olher assets or liabilities of the charity
are assigned to those units.
Government grants
Government grants are recognised at the fair value ofthe asset received or receivable. Grants are
not recognised until there is reasonable assurance that the charity will comply with the conditions
attaching to them and the grants will be received.
Where the grant does not impose specified future perfonnance-related conditions on the recipient,
it is recognised in income when the grant proceeds are received or receivable. Where the grant
does impose specrfied future performance-related conditions on the recipient. it is recognised in
income only when the performance-related conditions have been met. Where grants received are
prior to satisfying the revenue recognition criteria. they are recognised as a liability.
Financial instruments
A financial asset or a financial liability is recognised only vthen the charity becomes a party to the
conlraclual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including
any related transaction costs.
Current assels and current liabilities are subsequentty measured at the cash or other consideration
expected to be paid or received and not discounted.
Debl instruments are subsequently measured at amortised cost.
Where investments in shares are publicly traded or their fair value can othe￿iSe be measured
reliably. the investment is subsequently measured at fair value with changes in fair value
recognised in income and expenditure. All other such investments are subsequently measured at
cosl less impairment.
Other financial instruments. including derivattves, are initially recognised at fair value. unless
payment for an asset is deferred beyond normal business tenns or financed at a rate of interest
that is not a market rate. in which case the asset is measured at the presenl value of the future
payments discounted at a market rate of interesl for a similar debt instrument.
Olherfinancial instruments are subsequently measured al fair value, with any changes recognised
in the statement of financial aGtivities. with Ihe exception of hedging instruments in a designated
hedging relalionship.

ALULBAYT FOUNDATION
Notes to the Financial Statements (continued)
Year ended 31 March 2024
Accounting policies (contlftu•dJ
Financial instruments (continued)
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence
of impairment at the end of each reporting dale. If there is objective evidence of impairment. an
impairment loss is recognised under the appropriate heading in the statement of financial activities
in which the initial gain was recognised.
For all equity instruments regardless of significance, and other financial assels that are individually
significant, these are assessed individually for impairment. Other financial assets are either
assessed Individual￿ or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised immediately. to the extent that the reversal does not
result in a carrying amount of the financial asset that exceeds what the carrying amount would
have been had the impairmenl not previously been recognised.
Defined contribution plans
Contributions to defined contributton plans are recognised as an expense in the period in which
the related service is provided. Prepaid contributions are recognised as an asset to the extent that
the prepayment will lead to a reduction in future payments or a cash refund.
When contributions are nol expected to be settled wholly within 12 months of the end of Ihe
reporting date in which the employees render the related service, the liability is measured on a
discounted present value basis. The unwinding of the discount is recognised as an expense in the
period in which it arises.
Donations and legacies
Unrestricted
Funds
Restricted Tolal Funds
Funds
2024
Donalions
Donations
263.105
217.762
480,867
Grants
Government grant income
2,800
2,800
265,905
217,762
483,667
Unreslricted
Funds
Restricted Total Funds
Funds
2023
Donations
Donations
129,014
272.166
401.180
Grants
Government grant income
21.770
21,770
150,784
272,166
422,950

ALULBAYT FOUNDATION
Notes to the Financial Statements (continued)
Year ended 31 March 2024
Expenditure on charitable activities by fund type
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Charitable activity
Support costs
180,128
168,460
217.762
397,890
168,461
348,588
217.762
566,351
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Charitable activity
Support costs
76,703
162,216
278,901
355,604
162,216
238.919
278,901
517,820
Expendilure on charitable activities by activity type
Activities
undertaken
direct
Support Total funds
costs
2024
Total fund
2023
Charitable activty
Govemance costs
397,890
165,981
2,480
563,871
2.480
515,593
2,227
397.890
168.461
566,351
517,820
Analysis of support Costs
Analysis of
support costs
actbvity 1 Total 2024
Total 2023
Staff costs
Premises
General office
Governance costs
93,498
65.764
6,838
2.240
93.498
65.764
6,838
2,240
86,772
66,408
6,810
1,920
168,340
168.340
161,910
Net expenditure
Net expenditure is ststed after chargingl(crediting):
2024
2023
Depreciation of tangible fixed assets
50,282
50.283
10

ALULBAYT FOUNDATION
Notes to the Financial Statements (continued)
Year ended 31 March 2024
Independent examination fees
2024
2023
Fees payable lo the independent examiner for..
Independent examination of the financial statements
1,920
10. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows:
2024
2023
Wages and salaries
Social security costs
Employer contributions to pension plans
91,741
668
1,089
84.871
490
1,410
93,498
86,771
The average head count of employees during the year was 6 (2023: 5).
No employee received employee benefits of more than £60.000 during the year (2023-. Nil}.
11. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were
received by the trustees.
12. Tangible fixed assets
Land and Fixtures and
buildings
fittings
Molor
vehicles
Equipment
Total
Cost
At 1 April 2023 and
31 March 2024
489,877
3.948
5,900
21.043
520,768
Depreciation
At 1 April 2023
Charge for the year
At 31 March 2024
386.043
48.987
3,946
5.899
18,840
1,295
414.728
50.282
435,030
3.946
5,899
20.135
465,010
Carrying amount
At 31 March 2024
54,847
908
55.758
At 31 March 2023
103,834
2,203
106,040
13. Debtors
2024
2023
Other debtors
29.742
32,957
11

ALULBAYT FOUNDATION
Notes to the Financial Statements (wntinued)
Year ended 31 March 2024
14. Creditors: amounts falling due within one year
2024
2023
Accruals and deferred income
Social security and other taxes
Other creditors
2,160
3,201
459
1,920
2,689
359
5.820
4,968
15. Penslons and other post retlrement benefits
Defined contribution plans
The amount recognised in income or expenditure as an expense in relation to defined contribution
plans was £1,089 {2023= £1,410).
16. Government grants
The amounts recognised in the financial statements for govemment grants are as follows..
2024
2023
Recognised in income from donations and legacies.
Government grants income
2,800
21.770
17. Analysis of charitable funds
Unrestricted funds
At
31 March 20
24
At
1 April 2023
Income Expendrture
General funds
208.585
265,905
1348.588)
125,902
At
31 March 20
23
At
1 April 2022
Income Expenditure
General funds
296.719
150,784
(238,919)
208,584
Restricted funds
At
31 March 20
24
At
1 April 2023
Income Expenditure
Restricted Funds
217.762
(217,762)
At
31 March 20
23
At
1 April 2022
Income Expenditure
Restricted Funds
6.735
272,166
{278,901)
12

ALULBAYT FOUNDATION
Notes to the Financial Statements (Conlinued)
Year ended 31 March 2024
18. Analysls of net assets between funds
Unrestricted Total Funds
Funds
2024
Tangible fixed assets
Current assets
Creditors less than 1 year
Net assets
55.758
75.963
(5.820)
125,901
55,758
75.963
(5,820)
125.901
Unrestricted Total Funds
Funds
2023
Tangible fixed assets
Currenl assets
Creditors less than 1 year
Net assets
106,040
107.512
(4.968)
208,584
106.040
107,512
(4,968}
208,584
13