IF charity
Report and Financial Statements for the Year Ended
31 December 2024
Charity No: 1095626

IF CHARITY (Reglstered Charity No. 10956261".
ANNUAL REPORT AND FINANCIALSTATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Contents
Page
Legal and administrative information
Report of the Trustees
Independent auditorfs report
io
Statement of financial activities
14
Balance sheet
15
Statement of cash flows
16
Notes forming part of the financial statements
17

IF CHARifi (Reglstered Charfty No. 10956261:
ANNUAL REPORT AND FINANCIALSTATEMENTS
FOR THE YEAR ENDED 31 DECEM8ER 2024
Legal and Administrative Information
Trustees
Mr Abdessamed El Haouari
Mr Sohidul Choudhury
Mr Omar Kachouh
Chalrman
Mr Abdessamed El Haouari
Correspondence address
Unit 1, 29 Henley Street
Birmingham
BII IJB
Independent Auditors
M Akram & Co.
Chartered Accountants
413 Lea Bridge Road
London
EIO 7EA

IF CHARifi (Reglstered Charity No. 10956261:
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024
The trustees present their report along with the financial statements of the charity for the year ended
31 December 2024. The financial statements have been prepared in accordance with the accounting
policies set out on page 17-19 and fully comply with the charity's trust deed and applicable law.
Trustees, Statement
During the years of 2024 and 2025 we have all witnessed the near-total destruction of Gaza. Israel's
relentless war against Gaza has resulted in an unprecedented humanitarian catastrophe, According to
United Nations and humanitarian agency reports and estimates, at a minimum, more than 60,000
Palestinians, including over 18,000 children, have been killed, and more than 169,000 injured. Over
90% of Gaza's buildings have been damaged or destroyed, leaving millions displaced and entire
neighbourhoods erased.
The humanitarian impact is staggering. Famine was confirmed in August 2025, with over half a million
people facing starvation and nearly all households lack access to clean water or adequate sanitation.
Only 14 of 36 hospitals remain partially functional, and trauma, malnutrition, and disease are
widespread among children and the elderly.
Throughout 2024, we continued to deliver essential relief, food, water, hygiene kits and shelter in the
face of immense danger and logistical blockade. Yet humanitarian action alone cannot heal the scale
of loss or restore dignity to those who have endured such destruction.
We renew our call for an immediate end to the war, unrestricted humanitarian access, and protection
for civilians under international law. The people of Gaza desep4e peace, justice, and the opportunity
to rebuild their lives.
On behalf of our trustees, staff, and partners, we extend profound gratitude to our donors and
supporters. Your compassion has sustained lives and hope amid overwhelming tragedy.
Or
anlsatlon and Ob'ectives
Organisation
'IF' is a British charity (Registered Charity No. 10956261 constituted under a trust deed dated 20
February 2002, as amended by a supplemental deed dated 20 December 2002.
The trustees who have served during the year are set out on page 3. Trustees are appointed by a
resolution of the trustees at a special meeting. The trustees meet as and when required to discuss
the business of the charity.
Objectives of the Charity
The objects of the charity are the provision of general charitable welfare services such as poverty
relief, promotion of education, empowerment of the local community and support for medical aid.

IF CHARITY IReg15tered Charity No. 10956261:
ANNUAL REPORT AND FINANCIALSTATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Since 2009, the charitvs main area of activity has been the Gaza Strip; this followed the 2008-2009
military assault on Gaza that resulted in the ongoing humanita rian cris1S.
Areas of Work
IF Charity has a robust system of aid delivery set up to ensure the following humanitarian programmes
could be safely and successfully implemented in the field:
Gaza Relief Programme: This programme aims to address poverty alleviation and includes the
provision of food aid, shelter, financial support and emergency aid. It also include5 all projects
related to seasonal Ramadan and Eid Al Adha programmes.
Gaza Medical Fund: With the health sector in Gaza struggling to cope, this fund works to support
better healthcare and ensure access to medical care for the vulnerable.
Gaza Education Projects: With the majority of Gaza's population under the age of 18 years old,
this section of IF Charity's work relates to addressing educational needs and improving
educational institutions.
Community Support Programme: This category addresses long-term support for the community
in Gaza, including empowerment and capacity building. Projects include job creation, providing
access to clean water for those in need and supporting local NGOS.
erations
The charity's primary mission in Gaza is to provide emergency humanitarian aid to a population in
severe crisi5, focusing on life-saving services such as food distribution, medical support, clean water
access, and shelter. The charity focuses heavily on distributing food as 90% of Gaza's population faces
food insecurity, with many families relying on limited rations. The charity works with international
partners to deliver essential supplies, but logistics have been severely disrupted by the blockade and
destruction of key infrastructure.
In order to facilitate effective project delivery, funds are transferred on a regular basis to trust
partners. Once received, the implementation of projects continued in line with our objects. The
trustees reasse55ed the need on the ground and responded diligently to the aid that was required
focusing on food aid distribution.
Public Beneflt
The trustees confirm they have given due consideration to public benefit and have complied with the
Charities Act 2011 in this regard.
Risk Management
The trustees are aware of the risks associated with working in a politically sensitive area. As such, the
charity has adopted the stringent due diligence and risk management processes that ensure robust
compliance processes are in place. The trustees are confident these satisfy als regulatory authorities
and their legal duties. The trustees also adhere to safeguarding practices and have safeguarding

IF CHARITY (Reglstered Charlty No. 1095626):
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
policies in place. Regulations related to GDPR, anti-theft & money laundering and data protection are
also followed by the charity in line with good governance.
Revlew of Activities and Achievements in 2024
During the year ended 31 December 2024, the charity disbursed a total of £1,864,405 in the field to
deliver humanitarian assistance and livelihood support, primarily to internally displaced populations
(IDPs} in Gaza. In response to the severe humanitarian crisis arising from the war, the charity's
activities focused on two principal funds-
Gaza Relief Programme
Community Support Programme
Gaza Relief Programme
Total expenditure under this programme amounted to £1,547,650, primarily directed towards child
sponsorships and theirfamilies. These grants supported children and their families, providing financial
assistance to purchase food, clothing, and essential items. Thi5 SUPPOrt was Vital in mitigating the
economic hardship faced by families affected by the destruction of homes, loss of livelihoods, and the
collapse of essential infrastructure.
Food and Nutrition A551Stonce
To address acute food shortages among displaced families in southern Gaza, £4,946 was spent on the
packaging and distribution of food parcels. These parcels ensured access to essential nutrition and
reduced the risk of hunger among IDPS.
In addition, £4,464 was allocated to the distribution of vegetable baskets to promote healthy nutrition
among children, the elderly, and vulnerable families. These baskets provided a variety of fresh produce
during a period when nutritious food was scarce and unaffordable.
Ramodon ond Qurboni 2024
As part of the Gaza Relief Programme, the charity implemented emergency Ramadan distributions
benefiting 3,353 families. A total of 2,338 familie5 received comprehensive food parcels, and a further
1,015 families received vegetable baskets containing essential fresh produce, including tomatoes,
eggplants, cucumbers, lemons, peppers, and onions. In total, approximately 16,765 individuals
benefited from Ramadan assistance, alleviating severe food insecurity and providing relief to families
facing extreme economic hardship. As part of the Eid-al-Adha campaign we allocated £97,814 for the
performing of Qurbani and the delivery of canned meat in Gaza.
Safe Woter
In 2024, the charity allocated £54,776 towards the provision of clean fresh waterto displaced persons
and vulnerable families to support hygiene, health and disease prevention in Deir Al Balah, central
Gaza.

IF CHARITY (Registered Charity No. 10956261:
ANNUAL REPORT AND FINANCIAL STATEMENT5
FOR THE YEAR ENDED 31 DECEMBER 2024
Community Support Programme
Under this programme, a total of £316,755 was expended to promote long-term livelihood
development and community resilience. Activities included capacity-building and job creation
initiatives designed to generate sustainable employment opportunities and strengthen the local
economy.
Fundraising Artivlties In the Unlted Klngdom
In the United Kingdom, IF Charity has strategically focused its fundraising efforts on digital platforms,
including its official website and various online fundraising tools. These initiatives have been
complemented by community engagement activities and local collection efforts.
In line with its commitment to operational efficiency, the Board of Trustees has resolved to reduce
the handling of cash donations. This approach is intended to minimise administrative overheads and
enable the charity to concentrate its resources on developing and enhancing modern fundraising
methods. This policy remains subject to ongoing review by the Trustees to ensure Its continued
relevance and effectiveness.
External Factors Affectln
Achievement
The ongoing war in Gaza continues to produce challenges and complexity in the delivery of aid. The
escalation endangers the whole region and plunges it into a long and protracted war. The lack of
availability and cost of essential goods continues to increase therefore reducing the purchasing power
of the charity. The escalating conflict has led to higher costs for goods, service5, and transportation,
putting pressure on charities to stretch their budgets further in an unstable economic environment.
Charities operating in Gaza have to navigate a complex legal framework to ensure compliance with
anti-terrorism financing laws, which poses significant operational and reputational risks. External
audits and regulatory checks may be complicated or delayed, increasing the risk of non-compliance or
loss of donor confidence.
Anti-Palestinian organisations continue to conduct a troubling campa ign of intimidation aga inst NGOS
operating in the occupied territories, negatively impacting their services and reputation.
Consequently, the trustees remain dedicated to collaborating with relevant authorities and
profes5iona15 while upholding high standards of governance and due diligence to protect the charity's
mission.

IF CHARITY (Registered CharTrty No. 10956261:
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Plans for the Future..
In the context of the continuing catastrophic humanitarian disaster in Gaza resulting from the ongoing
war, the trustees are committed to do all that is required to ensure effective response and sound
delivery of aid to the people there.
In the coming period the trustees will focus on:
l. Adaptlng and securing the grovrth of the charity
2. Increasing the delivery of aid to Gaza
3. Expanding our reach and donor base
4. Maintaining and enhancing good governance policies and processes
Flnanclal revlew
During the year, the charity received a total income of £2,997,09312023: £2,648,923). Of the total
funds received, £838,832 of the funds was restricted and £2,158,261 was received as unrestricted
funds.
The total funds expended amounted to £2,158,664 (2023: £2,088,464). This includes the sum of
£1,864,405 {2023: £1,872,361) expended on charitable activities, representing 86% of the total
expenditure. A total amount of £1,547,650 was expended for the Gaza Relief Programme (which is
83% of charitable spending) and £316,755 {17% of total charitable spending) for the Community
Support Programme.
The cost of raising funds amounted to £294,25912023: £216,103), which is IO% of the total Income.
The total amount carried for¥vard to be expended in the following year as part of the restricted funds
amounted to £632,602. The unrestricted amount carried forward amounted to £1,822,348.
The trustees have reviewed the financial position and are committed to continuingthe positive growth
of the charity.
Reserves Policy
The trustees have established a policy whereby the unrestricted funds not committed or invested are
maintained at a level that allows the charity to operate as a going concern for at least one year. The
actual unrestricted reserves carried forward for the year amounted to £1,822,348, which is sufficient
for the purpose of covering operational costs and planned charitable expenditure.
Going Concern
The trustees consider that there are no material uncertainties about the Trusys ability to continue as
a going concern. This assessment has been made on the basis of the review of the financial position
and the operational risks. The trustees are satisfied that the financial position of the charity is sound
with the appropriate safeguards in place.

IF CHARITY IReg15tered Charity No. 1095626):
ANNUAL REPORT AND FINANCIALSTATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Statement of trustees. responsibilities in relation to financial statements
The trustees are responsible for preparing the Trustees, Report and the financial statements in
accordance with applicable law and United Kingdom Accounting Standards including Financial
Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland
(United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the trustee5 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 income and expenditure 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 accounting 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 maintaining proper accounting records which disclose with
reasonable accuracy at any time the financial position of the charity and enable them to ensure that
the financial statement5 comply with the Charities Act 2011. the Charity {Accounts and Reports)
Regulations 2008 and the provisions of the trust deed. They 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 charity and financial information
included on the charitvs website. Legislation in the United Kingdom governing the preparation and
dissemination of financial statements may differ from legislation in other jurisdictions.
Disclosure of Information to Auditors
The trustees confirm that as far as they are aware, there is no relevant audit information of which the
charitvs auditors are unaware. Each of the trustees has confirmed that they have taken all the steps
that they ought to have taken as trustees in order to make themselves aware of any relevant audit
information and to establish that it has been communicated to the auditors.
Approved by the trustees and signed on its behalf by:
Abdessamed El Haouari - Trustee
Date: 30.10.2025

IF CHARITY (Reglstered Charlty No. 10956261:
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF IF CHARITY
Opinion
We have audited the financial statements of IF Charity {"the Charit¢'l for the year ended 31"
December 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash
Flow Statement and notes to the financial statements, including significant accounting policies. The
financial reporting framework that has been applied in their preparation is applicable law and United
Kingdom Accounting Standards, including Financial Reporting Standard 102.. The Financial Reporting
Standard applicable in the UK and Republic of Ireland (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, December 2024, and of
its incoming resources and application of resources 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 IUKI (ISAS {UKI) and
applicable law. Our responsibilities under those standards are further described in the Auditorfs
responsibilities for the audit of the financial statements section of our report. We are independent of
the Cha rity 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.
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 Cha rity's ability
to continue as a going concern for a period of at least 12 months from when the financial statements
are 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 other information comprises the information included in the annual report other than the
financial statements and our auditorfs report thereon. The trustees are responsible for the other
information contained within the annual report. Our opinion on the financial statements does not
10

IF CHARITY {Registered Charity No. 10956261:
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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.
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
course of 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 this gives
rise to a material misstatement in the financial statements themselves. 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 thi5 regard.
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters in relation to which the Charities
(Accounts and Reports) Regulations 2008 requires u5 to report to you if, in our opinion:
the information given in the trustees, report is inconsistent in any material respect with the
financial statements; or
sufficient accounting records have not been kept; or
the financial statement5 are not in agreement with the accounting records and returns; or
we have not received all the information and explanations we require for our audit.
Responsibilities of trustees
As explained more fully in the trustees, responsibilities statement set out on page 9, 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
operation5, or have no realistic alternative but to do so.
Auditorfs responsibilities for the audit of the financial statements
We have been appointed as auditor under section 144 of the Charities Act 2011 and report in
accordance with the Act and relevant regulations made or having effect thereunder.
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 auditorfs report
that includes our opinion. Reasonable assurance is a high level of assurance, but is not a Euarantee
that an audit conducted in accordance with ISAS (UK) will always detett a material misstatement when
it exists.

IF CHARITY (Reglstered Charity No. 1095626}:
ANNUAL REPORT AND FINANCIALSTATEMENTS
FOR THE YEAR ENDED 31 DECEMBER ZOZ4
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.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design
procedures in line with our responsibilities, outlined above, to detect material misstatements in
respect of irregularities, including fraud. The extent to which our procedures are capable of detecting
irregularities, including fraud is detailed below:
The extent to which the oudit was considered ca
able o
detertin
irre
ularities includin
raud
Our approach to identifying and assessing the risks of material misstatement in respect of
irregularities, including fraud and non-compliance with laws and regulations, was as follows:
We enquired of the management, which included obtaining and reviewing supporting
documentation, concerning the Charity's policies and procedures relating to:
Identifying, evaluating, and complying with laws and regulations and whether they were
aware of any instances of non-compliance;
Detecting and responding to the risk5 of fraud and whether they have knowledge of any
actual, suspected or alleged fraud;
o The internal controls established to mitigate risks related to fraud or non-compliance with
laws and regulations.
We identified the laws and regulations applicable to the Charity through discussions with the
management, and from our commercial knowledge and experience of the Charity sector, focusing
on those laws and regulations that had a material effect on the financial statements or that had a
fundamental effect on the operation5 of the Charity.
We ensured that the engagement team collectively had the appropriate competence, capabilities
and skills to identify or recognise non-compliance with applicable laws and regulations.
We inspected the minutes of meetings of the Board of Trustees.
We reviewed any reports made to the Charity Commission.
We inquired of management of any complaints raised by donors, beneficiaries, representatives in
the UK and in the areas of operation abroad.
We agreed the financial statement disclosures to underlying supporting documentation.
We performed analytical procedures to identify any unusual or unexpected relationshipsthat may
indicate risks of material misstatement due to fraud.
In addressing the risk of fraud through management override of controls, we tested the
appropriateness of journal entries and other adjustments to identify unusual transactions and
investigated significant transactions that are unusual or those outside the normal course of
business.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities,
including those leading to a material mi5Statement in the financial statements or non-compliance with
regulation. This risk increases the more that compliance with a law or regulation is removed from the
events and transactions reflected in the financial statements, a5 we will be less likely to become aware
of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud
rather than error, as fraud involves intentional concealment, forgery, collusion, omission or
misrepresentation.
12

IF CHARITY (Reglstered Char5ty No. 10956261:
ANNUAL REPORT AND FINANCIALSTATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
A further description of our responsibilities for the audit of the financial statements is located on the
Financial Reporting Council's website at: wivw.frc.or
audiLorsres
onsibilities. This description
forms part of our auditorf5 report.
Use of our report
This report is made solely to the Chariws trustees, as a body, in accordance with Part 4 of the Charities
(Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state
to the Charity's trustees those matters we are required to state to them in an auditorfs 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 the ChariWs trustees as a body, for our audit work, for this
report, or for the opinions we have formed.
M Akram & Co {Statutory Auditor)
413 Lea Bridge Road
London
EIO 7EA
Date: 9& -TD
2QJJ
M Akram & Co is eligible for appointment as auditor of the charity by virtue of its eligibility for
appointment a5 auditor of a company under section 1212 of the Companies Act 2006.
13

IF CHARITY (Registered Charity No. 10956261:
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENOED 31 DECEMBER 2024
Statement of Financial Artivities for the Year Ended 31 December 2024
2024
Total
Funds
2023
Total
Funds
Unrestricted
Funds
Restricted
Funds
Notes
Income from:
Donations and grant5
Total income
2,158,261
838.832
2.997.093
2,648,923
2.158.261
838,832
2,997,093
2,648,923
Expenditure on:
Charitable activities
Raising funds
1.242,362
294,259
622,043
1,864,405
294,259
1,872,361
216,103
Total expenditure
1,536,621
622,043
2,158,664
2,088,464
Net income
621,640
216,789
838,429
560,459
Reconciliation of funds:
Total funds brought forward
1,200,708
415,813
1,616,521
1,056,062
Total funds carried foward
1,822,348
632.602
2,454,950
1,616,521
There are no recognised gains and losses other than those passing through the Statement of Financial
Activitie5. All income and expenditure is derived from continuing activities. The notes on pages 17-26
form an integral part of these financial statements.
14

IF CHARITY (Reglstered Charlty No. 1095626):
ANNUAL REPORT AND FINANCIALSTATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Balance Sheet as at 31 December 2024
Notes
2024
2024
2023
2023
Flxed Assets
Tangible Assets
4,504
1,414
Current Assets
Debtors
Cash at bank and in hand
783,355
1,692,480
2,475,835
496,908
1,154,284
1,651,192
Creditors: amounts falllng
due withln one year
(25,389)
(36,085)
Net Current Assets
2,450,446
1,615,107
Net Assets
2,454,950
1,616,521
Funds
Restricted
io
632,602
1,822,348
415,813
1,200,708
Unrestricted
li
Total Funds
2,454,950
1,616,521
These financial statements were approved by the Board of Trustees and signed on their behalf by:
Abdessamed El Haouari
Trustee
Date: 30.10.2025
15

IF CHARifi {Xeglstered Charlty No. 10956261".
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Statement of Cash Flows for the Year Ended 31 December 2024
Notes
2024
2023
Net cash provided by operating activities
13
542,947
360,363
Cash flows from investlng activities:
Purchase of fixed assets
14,751)
14991
Net cash used in investing activities
14,751)
14991
Change in cash and cash equivalents in the year
538,196
359,864
Cash and cash equivalents brought forward
1,154,284
794,420
Cash and cash equlvalents carrled forward
14
1,692,480
1,154,284
16

IF CHARITY IRe8lstered Charlty No. 10956261:
ANNUAL REPORT AND FINANCIALSTATEMENT5
FOR THE YEAR ENDED 31 DECEMBER 2024
Notes forming part of the financlal statements for the year ended 31 December 2024
l. Accountlng Policies
The principal accounting policies, all of which have been applied consistently throughout the year, are
set out below.
a) Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance
with Accounting and Reporting by Charities: 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 {FRS 1021- (Charities SORP FRS 102) (as updated through second edition
October 20191, the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS
102) and the Charities Act 2011.
b) Public beneflt entity
The charity constitutes a public benefit entity as defined by FRS 102.
c} Golng concern
The trustees consider that there are no material uncertainties about the TrusV5 ability to continue as
a going concern.
d) Fund accounting
Funds held by the Charity are:
Unrestricted funds These are funds which can be used in accordance with charitable objectives at
the discretion of the trustees.
Restricted funds- These are funds that can only be used for particular restricted purposes within the
objectives of the Charity. Restrictions arise when specified by the donor or when funds are raised for
particular purposes.
e) Income recognltlon
All income is recognised once the charity has an entitlement to the income, it is probable that the
income will be received and the amount of income receivable can be measured reliably.
Donations and grants are recognised in the period in which the charity is entitled to receipts where
the amount can be measured reliably. The income from charitable and fundraisin8 activities are shown
gross with the associated costs included in the expenditure.
Gifts in kind such as fixed assets donated to the charity are included as donations at the value to the
charity where this can be quantified. Donated facilitie5 and 5eNices are included at value to the charity
where it can be quantified and a third party is bearing the cost.
17

IF CHARITY IReElstered Charlty No. 1095626):
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOA THE YEAR ENDED 31 DECEMBER 2024
Notes forming part of the financial statements forthe year ended 31 December 2024 Icont.)
Investment profits on funds held on deposit5 are included when receivable and the amount can be
measured reliably by the charity; this is normally upon the notification of the profit paid by the bank.
fj Volunteers
The value of the time and sep4ices provided by volunteers is not incorporated into these financial
statements in accordance with the Charities SORP FRS 102.
g) Expenditure recognition
Expenditure is recognised as soon as there is a legal or constructive obligation committing the charity
to that expenditure, it is probable that settlement will be required and the amount of the obligation
can be measured reliably.
All expenditure is accounted for on accrual basis. Funds expended are allocated to the particular
activity where the cost relates directly to that activity. However, the indirect and overhead costs of
the central function including the operational and support costs have been apportioned to the
charitable and fundraising activities in proportion to the direct expenditure incurred. Expenditure
incurred on raising funds relates to the costs expended on attracting donations and other fundraising
costs including printing, mailing and donation processing charges. Charitable expenditure comprises
of those costs incurred by the charity in the delivery of its aid programme for its beneficiaries. It
includes both costs that can be allocated directly to such activities and those c05tsof an indirect nature
necessary to support them.
h) Tangible fixed assets
Tangible fixed assets Costing more than £100 are capitalised and included at cost, including any
incidental expenses of acquisition. Depreciation is provided, after taking account of any grants
receivable, at rates calculated to write off the cost or valuation of each a55et to its estimated residual
value on a reducing balance basis over the expected useful life, as follows:
Fixtures, fittings and equipment
25% per annum on reducing balance basis
18

IF CHARITY (Registered Charity No. 1095626):
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Notes forming part of the financlal statements for the year ended 31 December 2024 (cont.)
i) Taxation
As a registered charity there is no liability to tax. Irrecoverable VAT is not separately analysed and is
charged to the statement of financial activities when the expenditure to which it related is incurred
and is allocated as part of the expenditure to which it relates.
j) Foreign currencies
Transactions in foreign currencies are translated at the rate of exchange prevailing at the time of the
transaction. Monetary assets and liabilities denominated in foreign currencies are translated into
sterling at the rate of exchange prevailing at the Balance Sheet date. All difference5 are taken to the
Statement of Financial Activities.
k) Debtors
Trade and other debtors are recogni5ed at the settlement amount due after any trade discounts
offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
l) Cash at bank and in hand
Cash at bank and cash in hand include5 cash and Short term highly liquid investment5 With a Short
maturity of three months or le55 from the date of acquisition or opening of the deposit or similar
account.
m) Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from a
p35t 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 and provisions are normally
recognised at their settlement amount after allowing for any trade discounts due.
n) 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.
o) Pension costs
The charity operates a defined contribution pension scheme. Contributionsto the scheme are charged
to the statement of financial activities for the period to which they relate to.
p) Operating leases
Rentals under operating leases are charged to the statement of financial activities on a straight line
basis over the term of the lease.
19

IF CHARITY (Reglstered Charity No. 1095626):
ANNUAL REPORT AND FINANCIALsfATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Notes forming part of the financial statements for the year ended 31 December 2024 (cont.)
2. Key judgements and estimation uncertainty
The Trustees do not consider that there are any significant judgements and sources of estimation
uncertainty at the reporting date.
3. Income from donations and grants
Unrestricted
Funds
Restrirted
Funds
Total
2024
Total
2023
Donations & legacie5
2,158,261
838,832
2,997,093
2,648,923
2,158,261
838,832
2.997,093
2,648,923
4. Expenditure on charitable activities
Unrestricted
Funds
Restricted
Funds
Total
2024
Total
2023
Gaza Relief Programme
Gaza Medical Fund
959,895
587,755
1,$47,650
1,442,290
77,764
Community Support Programme
282.467
34,288
316,755
352,307
1.242.362
622,043
1,864,405
1,872,361
Delivery to the end beneficiaries is carried out under the control of the charity and monitored by
professionals in line with the charitws policies and due diligence procedures.
20

IF CHARITY (Registered Charity No. 10956261..
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Notes forming part of the financial statements for the year ended 31 December 2024 (cont.)
5. Expenditure on raising funds
Unrestricted
Funds
Restricted
Funds
Total
2024
Total
2023
Donation processing charge5
Fundraising and events
Printing and advertising
Operational and support cost
allocation
27,351
27,351
26,719
2,516
159,211
2,516
2,118
159,211
109,587
105,181
105,181
77,679
294,259
294,259
216,103
21

IF CHARITY (Reglstered Charity No. 1095626):
ANNUAL REPORT AND FINANCIALSTATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Notes forming part of the financial statements forthe year ended 31 December 2024 (cont.)
6. Operational and support costs
Unrestrirted
Funds
Restricted
Funds
Total
2024
Total
2023
IT and related seniices
25,148
25,148
18,181
Outsourced support services
Depreciation
Accountancy fees
Audit fees
18,926
1,445
8,200
18,926
12,170
1,445
471
8,200
9,200
12,200
9,200
7,800
Premises rent and other related costs
76,269
4,630
314,338
18,098
76,269
59,331
3,813
Telephone
Wages and Salaries
Employer Nl
Pension costs
4,630
314,338
18,098
3,881
301,531
15,936
2,999
3,881
Project support costs
Motor and Travel expenses
Bank Charges
Other legal and professional fees
Exchange loss
Trustees travel costs
2,614
4,087
4,087
3,388
492
519
519
14,642
14,642
3,923
48,319
48,319
52,468
1,338
1,338
Loss on disposal of fixed assets
216
216
549,256
549,256
497,317
Staff numbers
The average number of employees during the year was as follows:
2024
No.
2023
No.
Marketing and Fundraising
Management and Admin Support
li
li
13
13
22

IF CHARITY (Registered Charfty No. 10956261:
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Notes forming part of the financial statements forthe year ended 31 December 20241cont.
During the year no employees had emoluments over £60,C(10 {2023- None}.
Total employee benefits including remuneration and pension contributions costs payable to the key
management personnel for the year were £30,1X)012023-£30,000). This represents costs payable for
the Fundraising Department Manager.
Allocation of Operational and Support Costs
These charitable operations and support Costs refer to funds expended to deliver aid programmes and
fulfil the objectives of the charity. These include central function costs and have been apportioned to
unrestricted charitable and fundraising activities in proportion to the direct unrestricted expenditure
incurred.
7. Tangible Fixed Assets
Fixtures,
Fittings &
Equipment
Cost
At ljanuary 2024
Additions
5,308
4,751
14291
Disposals
At 31 December 2024
9,630
Depreciation
At l January 2024
3,894
1,445
(2 13)
Charge for the year
Disposal
At 31 December 2024
5,126
Net book value
At 31 December 2024
4.504
1.414
At 31 December 2023
23

IF CHARITY IRegi5tered Charlty No. 10956261:
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 310ECEMBER ZOZ4
Notes forming part of the financial statements forthe year ended 31 December 2024 (cont.)
8. Debtors
2024
2023
Project Funds
Other debtors
745,718
37,637
413,547
83,361
783.355
496,908
Project funds are funds which have been received in the field for aid projects to be completed in the
coming period as specified by the trustees in line with the usual process.
9. Creditors- amounts falling due within one year
2024
2023
Other creditors
Accruals
6,689
18,700
8,285
27,800
25,389
36,085
10. Restricted Funds
Balance at I
January
2024
Incoming
Funds
Outgoing
Funds
Balance at 31
December
2024
Gaza Relief Programme
Gaza Medical Fund
144.743
822,055
587,755
379,043
2,824
2,824
Gaza Education Projects
Community Support
Programme
249,695
249,695
18,551
16,777
34,288
1,040
415.813
838,832
622,043
632,602
24

IF CHARITY (Reglstered Charlty No. 1095626):
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Notes forming part of the financial statements for the year ended 31 December 20241cont.)
11. Unrestricted Funds
General Funds
Balance at l January 2024
Net income
1,200,708
621,640
Balance at 31 December 2024
1,822,348
12. Analysls of Net Assets between Funds
Unrestricted
Funds
Restricted
Funds
Balance at 31
December
2024
Fund balances at 31 December 2024 are
represented by:
Fixed assets
4,504
4,504
Current assets
1.843,233
632,602
2,475,835
(25,389)
Current liabilities
{25,389)
Total net assets
1822 348
632 602
2 454 950
13. Reconciliation of Net Income to Net Cash Flow from Operating Activltles
2024
2023
Net income for the reporting period
Depreciation
838,429
560,459
1,445
471
Increase in debtors
(286,4471
(10,696)
1210,7161
IDecreasel/lncrease in creditors
10,149
Loss on disposal of fixed a55et
216
Net cash provided by operating activities
542,947
360,363
25

IF CHARITY (Registered Charlty No. 10956261:
ANNUAL REPORT AND FINANCIALSTATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Notes forming part of the financial statements forthe year ended 31 December 2024 (cont.)
14. Analysis of Cash and Cash Equivalents
Atl
Cash flows
At31
January
2024
December
2024
Cash at bank and in hand
1,154,284
538,196
1,692,480
Total cash and cash equivalents
1,154,284
538,196
1,692,480
15. Operating Lease commitments
The Charity's total future minimum lease payments under non-cancellable operating leases are as
follow:
Office lease
2024
2023
Less than one year
Two to five years
29,050
41,800
33,180
56,000
70,850
89,180
16. Related Party Transartions and Trustees Remuneration
The trustees received no remuneration during 202412023 nil). During the year £1,33812023 nil)
was incurred for trustees, travel costs. There were no other related party transactions.
26