REGISTEREI D CHAIUTY Numllfi R: 1097682 REPORT OF THE TRUSTEES AND AUDITED FENANCIAL STATEMENTS roll THB YEAR BNDED 31 MAIiCH 2024 RAHMA ERCY ThgpeiT Lii)iited Chaiieird Aceounlants Hciipal House 14 Holyhead Rolld Hwid￿VOrIll 81￿111ngh2l Wcsl Midlaiids B21 OLT CONTENfs OF THE I,'INANCIAL STATBMEFITS FOR THE YEAR ENDED 31 MARCFI 2024 PAge Repok'tof the Ti'll$te¢$ Report of tlie Ittdepejident Audltors St8tenient of filn*iielal Activities io CAslI Floiv Stateillellt 12 ote5 to tlie CR611 FloiTr, Slatciiiciit 13 Nolu to Ilie Flngnclal stat￿￿ents 14 to 21 MERCYJ FOR THE YEAR ENDED 31 MAIiCH 2024 Tlie liiistees preseDt thetr repoi'l iviih the finaii¢ial state1m￿lIS of tlie charity foi. Ilie year ended 31 Moirh 2024. The buslees liavc adopled Uie pl￿ViSionS of Accoulit￿￿￿ ai)d Reportiiig by Cliarilies.. Stateineiit of Recomineiided Pjaclice &pplicable lo cliaiilics prep￿.il1B tlieir accouIits in accoTdaiice iyitlj the FiI)ancial RqJtsitiit8 Staii(lai'd llpplicable ii) Ilie UK at)d Republic of li'eland (FRS 102) {cffective l January 2019). OBJEI crtVES AND ACTIVITlfi S Objeetli'es Atid Aiiiis Tlie objeelives of the ¢liarity ail tl)e provkEioii of geneixl cliai'itable ivelfare seNiees such as poveity i'elief and proinotion of edu¢&tioiial aiid iE¢iEalsonal facilities, Tliese Ji'e iiiaiiily foi. th¢ beiiefit of tlle goiieral public iii LeicesteAsliii'e {UKI, Alljaiiia, Icosovo, Ma¢edonia. Serbia. and BostiÉa. The Aift15 of tlJ¢ Trust are 10 a5SiSt 04)K1115, person5 iji need or Victin￿ of nYdll-n)ad¢ or iiatural disastei3 & pix)vide ediLealioi)'. l) By ittslilutiijg, suijpotliiig or assistiiig iti Ilje prov%sion of social ar livnianitaiiaii suppoit, aiml 2) Pioiiiotiiig betta. uiidej'standiiig, api?rccialion, and practice of tslaJ]i by tIie provisioii of disti'ibiilioll of aln)s and charitable donalioii iii ac¢ordan¢e ivitl) lslanii¢ principles. Iji ol'der to a¢liieve Il)ese objectives, Il)¢ tNst¢es li*v¢ coiisidered tlJe Cliarily Coinn)ission's g¢i)eY&l Buidanc¢ oti i)ublic benefit8 and also tb¢ suppleincntaiy 8iiidaiic¢ oil Ilie adVan￿l￿clIt of J'eligion foi. wibli¢ bc%JcfIls. Volunteers Tjie e118rity J'ecognise5 atld 15 ¥aleful foi tlie u"eihendou5 effort5 aiid sUPPOrt of ils volunteers ivhu are iiivolved in seiviee pi'ovisioji ai]d fiinthiisiiig. It Ilas not been possibl¢ lo q[￿lit1fy tEi¢ %terling eot)tribiilioii of oiii. voluJi¢cers. Page I IIAIIMA REPORT OF THE TRUSTL?E4S R THE YEAR E D 31 MARCH 2024 ACHIEI VEII(EN'f AND PERVORMAIYCE ClIHI'itable aclivilles Iliis SeCt￿On fociists on tli¢ prog¥e$s atKI acl)ieveTnents for ￿ch of oui piDjects ovu tbc last year. It pr￿11￿¢$ a $unin)aiy of updates ivitliiii eacli ￿ett. All ivoik uttdeLtaken is aligned to die 018aiiisatioJi's maitt obje¢iive of bEnefittsJig the OLphaiis. poor at￿ Jieedy, studeJt$ and Ilie resideThts of tli¢ ai'e&s ive ivoEklll. Oi'yltaij SpoiisoiBlIlp Tlie cliarity's CUllElIt sponsorship over tile past yeai. 18 at 100 orphans in Macedonia, 50 02phans srk Serbia, 3(K) oiphans in Kosovo, 600 orplialL8 in Alliaiiia and 200 04)haiis in Tui'kiye. Each OLpliaii receives £30 a iiiojith ivhich helps iii pIDvidil￿ for Ilieir ba5Ec iieed5. In tlie cojniiig year ive are expectiiig to iiLcrease Ilits amouiit to keep the suppDit iii line viih higliei. livÉiig costs. Mosqlle (M%LsJld) CO￿8truttlOli liaknu lias eonstrn¢ted 31 Moswi¢s Albaiiia atid Kosovo ivliicli act as a cejitral plate of iYo]slJip foi. lo¢aL% &$ ivell gs corn￿Et0￿e foi the colliniutJ2lEes. Deniand re￿￿InS very Iiigh for Me$ques the vilLagcs &id this proje¢l ivill cotitlliue to be a core fo¢us of ivork for tlie diarity. rii'¢$li W¥ttei' welE Pi'oleet A tothl of 294 wat￿. Ivclls liaye been biiilt iviihin iji Albatiia and Kosovo. The tharity has again be¢Ji appiDacJied by seveiil oiliei villages iii tlit regioii for lielp ivith siiiiilar yrojecl& Res(ricled fi￿dS are iised for Iljis pi'oje¢t and Iliib ivork Ivill coiitiEiiie siiiiilarly for Ilie wiiiiiig year. We expelling HE) iIICi-CE15e IR the price8 for tlii8 project dlle to Iiicreased laboui. costs and con5tfuclion costs. Food Aiid Meat Ovei. 20,000 fai]]ilies across the Balkwjs ivere provided ivitli food packages to lielp tlieih dui'ing Raniadaii 2023 (Marcli .Ai)ril 2023). ftice, floui., salt, SlEgar, oil, aiid tea ivere PTovided. Due Ilic global situation ividi price i'i%es of coi)Iit)odities etc. IlieiE is a 8reat need of Ili¢ I,'ood Aid project foi. fan)ilies tI￿t ale sINggling k) niake ends nieet. Tliis year saiv Rahiiia dislrilxile l(M) i)111.8 slieep ivortli of Quibani nieativitliin Albania only. Housliig Tlie aiin olRalin)a's housitig project is to directly lielp the poorest people in Albania aiid Kosovo. The projeces aiin is to rebuild or build ii¢Yv li¢)iknes far Iliose ivlio aiE living iii Ikrelicl buildillK8. Iiahnia's initiative lo $tsrL the 11th￿tn8 project has been a success alld to datc ive have built ovei. 15 Iioiises and coniluctcd iri)air woi'k Its oihers. Religious Educatioii Ra1￿71a noiv.%ui)i?oi'ls 220 pl1￿ Islaiiii¢ educalioii scliools As of Maicli 2024. The religiol￿ educalioii project retiiaiiis a cenlval coniponeiil of Raluna's woi'k and is a key objective of our long-lemi stixlegy. Access to religiou5 ediieatioii since 1999 lias cnEi¢li¢d and ¢nhallr¢d Ilic iiiany lives of ¢lie local pcoplc. T￿le wlw)018 bave enabled botli yoiing and old people to iediscovcr tlieir liei'itage al￿ lo buhld a platfol￿1 for (licin to live a spiiitiially he￿It1)Y lifestyle. Demand for ore scliools ret]iaitis al ali 811.¢ini¢ higli aiid the orgallisaiion's fO￿S attd aitti ivill be lo suppoit as li￿nY iicw sdiools as rinaii¢ially aiid operationally possEble to facilitate tlie edllcation of tlEepopiilation over ili¢ COllJilVd year. llie Raliiiix Aeadertjy Tlie Ralinm Acad￿1]Y has been serving the local Col￿nIUnIty sillce Scptcinber 2013. This stsle-of-Ih¢-81l facility, suppoyled by Ralmia (M¢iEy) aiid Imaiiaged by local p￿Illel.}chryE rity, is providing essenliol f&cilities for Ixilh irsi(fjenls iii tlie Elbasaii Municipality of Albania, wid tlie ivider nalioiial Coiniiiuiiity. The Aeadeniy liouses tl)e Rahnia Scljool, Cii'ls Qiiraiiic I￿ell)01¥SaIl0n cla55 and iyeekend COU￿ collipr￿Sillg of Islui)ii¢ Studie5, IT and ￿7glish lessotts. I'lie Ralima Scliool is tlic biggest pi'ojeet that j5 operating in the Academy. Ti?cre air CUiTtntly 460+ stvd¢rtls rnnging from Nutsery* UP to anil iiicluding t[￿ fjnal dass of Fligh Scliool (Yeai. 12). Othel. schools frvjn alffl￿d the coullty lioose the Rat￿￿ Ac8deiiiy as a value to Iiold Nalioiial coinpelitlOll5 and events lli v￿.louS topEcs I￿ging frolli Matlieittaties io History, #s tlie Raliikna Seliool lTras gained a reputabl¢ ststus ivitliin Albaiiia. Page 2 RAHMA ERCY REPORT OF THE TRUSTEES FOR THB YEAR ENDED31 MARCH 2024 r¢INANCIAL REVIEW rilnRiJcio1 yositioii Diiiing tl)e year ended 31 Mai¢h 2024, the Charity received income totnlliiig £3211,906 (2023.. £3,224,215). TIIIS ijicluded £2,849,440 (2023-. £2,956,779) iesli'icled donAlioiis for Aln)s (Sadqalvzakat) &i)d the Acadeniy Pi'ojeel to ￿lfil Charity's l)iaill objective. All oiliei. siicome ivas Liniestri¢ied. An exi)eI￿ltLur of £3,617,794 (2023.. £3,190,431) Ivas ii)curird to tiieet Cliai'ity's wiiiie objectives iii Kosovo & Albaiiia. OveL?11 tJ)ere was a suiylus of 2Jiconi¢ ovei cxpenditut'e, ijicluding fund8 biought foiivaiyl, of £870,313 {2023.. £1,275269). ReserY¢s 1)olffiey Al the eiid of tli¢ ff iian¢i&l year ilie Chai'ity ha5 resliicled fvt)ds of £827,802 alld iinregti'icted fi]Jids of £42,51 l. Tlie fiiiids ivill k ￿Sed accoiditig tlle conditions slipulaltd for ￿tUre i)I￿JeCtS aiid oil)ei' activities eiiablii)g the Cliarity to luifil Lis objecliveg. TURC PLANS Raltsiyd's latesl proje¢l is t1￿ Ral)ma I1￿tItUte iii Albahio. We Imve started to a¢tively fundia%se natiojiwide in the UK for diis projeei. It LS the niost aiiib2lious pioject to date aiid ivill bt biiilt ii) pliases. li ivill liouse as ali exlei)sioii for Ilje tialima Scliool and iiicliide bO&1￿11]g facilities foi. gil'15 will)in il for Higliei. Islainic Educati￿). Along iviih Ihis, tliere will be reciralSOTial airas al￿ xvot'ksljop facilslies foi. voealiotjal COiTrses loo. Tlie shell substtucb]re of tlii8 piY)ject lio8 bwi coinpleled, ￿ld we Ili¢ ain) is lo complete the project by D¢cembei' 2025. STRIFC.'fiJRf, COVERNAF4CE AND t*IANAGE4 MENT Goverijliig docuijieiit The c11￿.1ty, Rathii& (Mew}, is all thiiiicoiyorated Iriist, eonstituled under a ttwst deed dated () Decelliber 2002, pplei)ieiilal deed dated Novei)Jbei' 2010 at￿ De¢ember 20L9. Tjie is a c}￿l'ltY registered ivilli tlie Charity Coinmissio uiidey iegistratioii nulli￿r 1097682. Reci'ultmeiit 811d appoliilinenl of ijew tru$tee8 Candidates ￿'c shorilisted based on ineiil expei'ienw. The selectioii is Ihade by ¢or¢ voluiEttti4 trustees and sciiior ￿)2g￿lIe￿I collectively. A vole is t1￿￿ I)￿de by tiiislces for fijial seleclioii. OIEThiilsRttonAI Sti'uetui The chai'￿ty has got 5 tiusltts the top ruiig of tlie oi'gaiiisalioii. Ali opeiztifft]al CDinihittee is dii'cctly l)¢loiv tlie ¢LWSte&%. The CEO of the c.harity is Mr KliJlil Aluiied Patel. Tlic OiJ¢i?tion&l Matjagei., molial￿11￿d Azbai. MiJTri)as ivlio work8 Utider the CBO. TSie ¢liai&ty lias staff Jnembers ivorkiftg uIider tlie supervision of Mi.. MiiJhas. Tlie charity lias voluiileers Iivlio are iiot pait ofiiie oi)eralioiial ¢oit)niitte¢l Ivork oi) tlie froi)I line. liiductloEi niid tt'Aliiliig ofiieiv ti'ustees aiid einployees The ¢liai'ity has polioie8 iii place to ei)sure ei￿p10yeeS ￿.¢ adequately Imined aiid Capable to meet the expeetatioiis of the job. As dial'ities are iEgulated aiid l)aiidle peisoJMI iuforiiiali021 of people, Ilie poliei¢5 aye de%igned to address tlie i)ere5s&ry knoiirledge reqiiired. The ptslicies Iliat aiE in place iiiclude GDPR policy, c]iild prolcclioii policy, IT i)oliey, vulnerable &dults' policy, ￿'ieVance policy and probalioiiary period policy. Iley iJi8n8geii)eiit and i*iiiuiiei'AtIoii As peT Ilie coiistitulion, tiiislecs fjTe entiiled lo ienuinei*lion for expeiisL% iii¢urred diie lo Ilie cliaillly. Hoivevei., they geiierdlly do Iiot request rei)uiiieiYlioii for tlieir sej'vices. As a gesture of goodivill, expc1I5es (inLludiiig litsvel) Trncuii'ed for tlie activity of tlie clwrily arc rein)biirsed upoii review And approval of Ihe CEO aiid Operalioiial Maiiagei. (OM), II) i'elation lo the reniiiner#tiott of key ma#agen]￿l pe130nnel cind otliei. slatf n)en1b￿￿, ti'iistees disciiss aiid eollcclively agree iii a meelsiig cl)aiird by the CEO. Pa8e 3 IIAFIMA MERC REPORT OF THE TRusfEES FOR TI.IE YEAR ENDED 31 MARCI4 2 STRUCTURC, GOVEI RNANCL AND MAE4AGEfvtCi NT Key Rlsli ￿ld inal￿ge1t1ent The l¥uste¢s Imve a d￿ty ta ident￿￿ at)d iivieiv poteE)li&l risks ivliieli the chai'ity call be exposed ttr. It ks also vilftl to ¢nsuiE appl￿priate ¢onli'ols are iiiplace to pix>vide Lr&sonable ass￿￿]¢¢ against fraud artd erior. The risks be both Fitionci£l and NotL-Finan¢ial. riliif*iicIAI i.tsks l. The key risk is misiise of funds. As fi￿dS are 8UlCfdted fi'oji) doIiors, lliese must be used in liiie ivsth th¢ obje¢tives of the ¢li&rity. CorLECt approprialioti and allocation of tsnds 18 key to a chayity's $ll￿t$s. 2. Moiiey knuild￿ll￿g. Noii-fiiLaiiclAI rE$ks l. R¢pulatioii. It IS llllPOitat)t to avoid larJiisl?ii)g lh¢ leputat￿on of the cliai'ity. Donoi% aiE ivilling lo doiiate lo cl)arilies that they trust. Tliey shoiild be eonviii¢ed tliat the￿ dojiatioiis are going to proje¢18 that ivill ii)ake a diffeienee. 2. Prejudicc Scrutiny. cha￿11¢8 c￿1 bc eoMdeiimed for piDje¢ts based ot) ittce, iiligioll, geograpliical loeatiotis elc. 7lii.s can al80 ijielude eiiiploy¢e selection. W¢ have piDccdures place like the AML Policy, dual Authoi'isttion process for expcrtses #lld project proposal p1￿ceSS before irleasing aiiy ftiIids. RLI Ff4 RENCE AND ADMINIS'IRATIVC DETAI[ RtEiSteit(I Cl1￿￿.1ty ijuinbei. 1097682 Prlnclpal &ddi'e55 56 1.laitington Road HiyJifi¢lds Le1¢￿ter LE2 OGN Trustees Mr S D Valli Mr ARICèli MrAAMoli ' I S Malielar Mrm A Vboia Auditoi TlJapei7 Liniited CliaTleFed AcCo￿￿￿lI￿ H￿1)a1 HOl￿t 14 Holyhead Road HatidsivoAh West Midlands B21 OLT Jlgiikei's Barclays Bai]k Pl¢ I Cliurcljill Place Londoii E14 514P Al Rayaii Bal￿ Pl¢ PO Box 12461 B166AQ Page 4 MERCYJ REPORT OF THB TRUSTEES R'fHE YEAR fNDfD 31 MAR H 2024 STAITI MENT ofi TRUSTEI ESI RESPOiYSIBILITtES Tlie irustees arc ¥esi)Ollbiblc for prepariiig tlic RqK)il of tli¢ Tn15tee5 aiid Ilic finaiiGifiI sta¢eMients iii accorda1￿¢ iviili applieablc laiv aiid Unl￿] Kingdoi)i Accountiijg Staijdails (Uiiited KiiJgdot?i Geijeially Accq)ted Accoulltiiig Practice) incliidiilg Financial Rep)iling slaiida1￿ 102 "The Fsnallcial Repoiling Standard applicable itt tjie UK and Republic of Ir¢1￿ld, The laiv applicable to ¢1141ithes sn Englat)d Wclles, tlie Cliarities A¢t 2011, Cl)arity (A¢counts aijd Repoilsl Regulalion$ 2008 and Ilie provisions of Ilie tIU5t deed reqLIjTes Ihe tru51ee5 lo PTepoi'e fiiiaiicial sialenienls foi. eacli finaiicial year ivl?icli give a I￿lE aiid fvsi. viti¥ of Ilie sli£ Ic of aff￿71￿ Df c112rity aiid of Ilie iiicoiiiiiig irsDurces aiid applieation of I'esoiii'ces, ithcliiding Il)c incoiiic and cxponditurc, of Iljc chaiity for tliat period. In pi.epal.￿I1g tl)ose ri11￿1claI staÉeJndils, tlie trustees %ie reqiiired to select suit?¢ ble 1¢ c¢ounliiigpoli¢ies aiid dien apply Il)en) coii518lenily' observe tlie nietlii)ds aiid piijieiples in Ilie Clui'ily SORP. niake judxei)ieJils aiiil estlTJlcilcs Iliat31E j'easoii￿lbItt 41)d ￿￿denl st#te wl*tlier applicable accoiinting slaiidards liave been followtd, siibject to arty ll)atei'i&l depaitsiis disclosed &nd explaiiied li) the fiJiaiKial sthleineiiis. PTepare the fiiiaiicial Slate)I￿nts on ilie goi1￿ con¢em basis uijless it is Itwipro￿.late to pirsui)ie t1￿1 Ilie c1￿]ty will coiitiiiue in bvsiiiess. 'nJe Itiistees are IEspoiisible foi. keeping pi'oper accoutstittg records ivhieh dis¢lose ivilh Yeasonable ac¢urACy al any lini¢ the finaiicial posilioji of tlie cliarity and to ejiable tl)ciii to cnsiire IlJ¢ flliat)¢ial stat¢t2ieiits coiiiyly with tlie Cliayilies Act 2011, tlie Chaiity IA¢¢oiiiils &ad Rep011s1 Regulations 2008 and Ilic piDYi550ns of the inist deed. Tliey are also iespoiisible foi. saf¢gual.dii￿ tlie asgets of Ili¢ ¢lJaiity alld heAice foi. takilig F¢a80nable steps foi. Ili¢ prevenlioii and dele¢titsii of fraud £tnd (AlieT iiT¢gulariiics. Appi"oved by oi'dei'of tli6 board of trustees oji 29 Jaijiiary 202S aiid signed on ils btlialf by: Mr A A Moli - Trustee Page 5 REPORT OF THE INDEPBNDENT AUDITORS TO THE TRUSTEES OF RAIIMA MERCYI OE)inffioii W¢ liaye ttudÈled the fu￿nCIal stal¢Jiients of Ralini& {Mer¢y) (the '¢l)arityJ for the year cnded 31 MaTdi 2024 which cojnpiise the Siatei)ieJil of Fit)ah¢i*l Acijviiies, tlie Ba[￿ice Sheel, the Casli Floiv Sts(￿lIent and i￿t£S to the f￿ancial stateimenls, includ￿g a suiiunary of 8ipJiificant accounting polici¢s. Tli¢ fit)aii¢ial rq)ortii)g fraineivork tliat 11&5 beeii applied in thtii. pirpaiation is appli¢able law and Uniied Killgdojn Acco￿lI]ng Stalldards (United Kingdoni GeneiJlly Accepted A¢couiili&ig PLlCtice), iijcludiiig Finaiicial Reporlit)g Silliid21d 102 '1'he Finaii¢ial Repoiliog Standard appli￿b]e in tlie UK Repiibli¢ of Ireland,. In ow. opinioii the fjnancial statetiicIil* give a tiue and fair vieiv of tlic state of the eliaTity& affairs as at 31 Marcli 2024 ai)d of its incon)ing resources 81)d applieatiott of iEsoiirces, for tlie year t]ieJi etjded. have beeii i)i'opetly prepared iii accordance iviih Uiiited Kingdoin Generally ALYepted ACcA￿￿titI8 PractlC4 ii)cludiJig Fittancial Repoiling Stalldard 102 'fh¢ FinanciAI Reporting St8ndai'd applicabl¢ Én Ili¢ UK artd Repiiblic of Irejaiiir., aiid ve been￿Epared ill accordance iviili tlie reQUir￿11￿1ts of ilie Cliarilies Act 2011. Bas1% foi. oiiltiiort We condiicted oiir aiidit in accordantt willi Int£l￿allo￿al standai.ds on AiiditlDg (UK) (ISAS (UIC)) and applicable laiv. Our iESI)01)sibilitses ujidcr tknosc standards are fuitlici- dcsct'il)cd it) the Auditoi'.%' resyonsibililies foi. the audEt of Ilie fiiiaiicial stateiiients seelion of oui. i'eport. We are independettt of the cliarity aceordaiicc witli tlie et]iical I'equiicniei)ts Iljat are rel¢vant to oui. audit of tlie fiiiancial 8tatei)ieiils in Ilic UK, includillg t1￿ FRC$ Elliical Standard, aiid ive Iydve fiiifilled OLTr oilicr etliical iwpoiisibililies ill accordat)c¢ ivitli ih¢se reqiiiieiii¢llls. We bel￿eve tliat tlie Rudit evidetice ive have obtained is &I￿ltient and Hppi"upi'iate to providc a basis for oiii. opiijion. Coii¢lusioiis relatliig to golll£ e01ie￿. Iii aiid2liDE tl]e flE￿nCial slateniellts, Ive l)ave ¢oncliided that tlie l¥uste¢s' us¢ of tlie goiIig coiieerii bttsis of accouiiling iii tlie prq)ai'alioJi of (lie fiiiai)¢ial stateiKei)ts is appiopriat Based on Ilie work w¢ liave performed. Ive hive not idcntificd aiiy matcrial ELnecitsinlic8 irlaltThg to cvtnt8 or ¢onditi(>ns tiiat, iiidividually or collectively, may cast sigiiificaiit doubt oil the dwyily's ability to continiie as a goiijg Collcerii foi. # period of at least tsvelve illontl)s froni when the fkii&tLciAI stat¢AieAts air auth￿ISed forissiie. Our responsibilities and the responsibilities of Ilje trustees with respect to goirtg eoncein air described in tile relevant sectioiis of dits ￿por1. Otliei. IMfo]￿lAtIOil The trustces are responsible for tlic ot]icr inforjiialioii. Tlie oilia. infnrtiiattoji ¢ompi'15es the infol'nialion itLcluded iii tlie An2iiial Report, oilier thi1n Ule fii)an¢ial slateii)ents aftd our Re)￿lt tsf Ilie Iiidck*ndcnt AiiditoiE Ihereon. Our opinion oil tl)e fittan¢ial slatenients doe5 not cover the other infoiniation and, except to tlie extetLt odierW￿se expliciily stated inoiir report, Ivc do 2JQtexpr¢ss any foi'in of assuiYiic¢ ¢on¢lusioii theiEozi. In eonneclion ivitli oui. audit of the fillaiicial statenieiits, oui. responsibility is lo read tlie oihei. infoiinaiion and, ITL doing so, cotL8idei' Ivlietlier tlie otlier inforii)alion is iiialeriolly iii¢oh$isteiit iviili tlie finaocial stal¢Jiietits ot our knoivled8e obiaiiied in tli¢ aiidit or Ollie￿¥7se appeaiE lo be inatci'Eally iiiÈsslated. If ive Édenlify 8uch Iiiateiial ilico1￿¥stezl¢ieS or Apparertt Inatcrial iiii8Stalenieiits, Ive are required to dd¢nninc ivlictlier tliis givc5 rise to a Inaterial iiiisstatemenl in tlie rjnallckil slateiiTreDls tlieinselves, If. based on the ivoik ive li*kve pwfoimied, we conclude dial there is a Iiiaterial Inisstateiiieiit of tliis oiliei. infoi'iiialioji, Ive are required to iEpoit tlkat f2Ct. We have notliittB lo repoit iii this reg￿.d. Mattels oil Trvljielj M'e Al'e i'equlred to Yepovt by eyeeptioii We have rtothing lo repoit in respect of the folloivin8 niatters ivheiE th¢ Cliaiili¢s {Awounts and Rel￿$) R¢BiilatioDs 2008 reqiIiiEs lis to report to you if, in oiii. op2nion'. the 1llfonj￿tio￿ given ill the Repotl of the Tmstees is Énconsistent in any inaterial irspect with the fitiaiicial stateiiienls., or siifficient ac¢Duiiting records Iiav¢ Iiot beal kept. Dr tlie fJiiaii¢ial slaiemertl3 alE 1101 in agireinciitiviili Ilje acc0￿11117g re¢oiYls aiid iytiiins. or w6 have not irceived all tlie inroriiiation and explanalion$ we reqiiire for oui. au(fit. P8ge 6 REPORT OF THB INDEPENDENT AUDITORS TO THE TRUSTEBS OF AHMA MERC Re$p01151blllde5 of ts'uslees As exi)laiiied iiioi'e fully iii the Stalei)ieJil of Trustees, Respoiisibilities, the trustees air respoi)sible foi. tlie preparation of the fiiiancial staiejiieiils ivl)iel) give a true at]d fair vieiv, alld lor sucli iiiieri)al coliti￿[ as the liuslees deteri)iine ss iiecessary to eiiable Ilie preparniian or riiiancial slaieijietjts that aiE free fit)n) Ihateiial iiiisstalert)eiJt, %vlledi￿. due lo fraud or crror. In prepariiig tlie fiiiaticial slaleineiils, the tiuslees are respo]￿ible foE asses&iiig tlie charity s ability lo coiiliiiiie a5 a 80iiig coji¢ei't), disclosing, as applicable I))Alt¢iY i'elated to goii)g coiiceim at]d iising Ilie going conceni basis of 8ccouiiliiig Tr]t)le8s tlie tr￿Stee5 eiilier iiiteiid lo liquidate tlie cliarity or lo cease opei?tioJis, ot- have no realistic alteinalive ￿11 lo do P(Trge 7 REPORT OF TIIE INDEPENDENT AUDITORS TO THE TRUSTEES OF RAHMA MERCY Oui. iY$poiislbllltles foi. tlie *iidit oftlie Iliinnelal 5tateniciit$ We have been appointed as auditors uiidei. Se¢lioii 144 of the Charitie5 Act 2011 alld Lfport iii a¢¢oifjaiice willi Ihe Act &nd rdevaiit regulations 11)ade oi. liaviijg eff¢ct Iliereuiider. Oiir objeclivcs are to obtaii) reasonable assura]ic6 abolit ivlietliei. tlie finai)cial staletiietxl$ &$ a whole ale fite frthii niatet'ial mis$tateinenl, 1vlieil￿I. due to fi?ud oj. eiyoi., 8nd to issue a Report of tlic lildc￿THjc￿t AiiditoiE tI￿t ￿nclUdeS our OPllliOlI. Rcasonable aSSL￿allet is a liigli l¢v¢l of dSSUTance, but 15 not a giiaraiitcc that ali audit coiiducted in Record41)¢e MfÉtb ISAS IUK) Ivill allvays detect a ii)aterial niisstatetiietit ivljen it ext8ts. Misslateni¢nls c￿1 ￿'ise froiii fiaud oi. eriDr and are con8Édered ii)atei'ial if, iii(fividiially or in tlic aggregate, tliey could reasonably be expected to influen¢¢ tl ee011￿niC de¢isions of users takei) on thebasis of Ilicse fillaticial slateinettts. The extent to wlJi¢li ol1r￿'0Ceth1itS ail capable of detccting )￿e847[al.￿lies, Incli￿Illg fraud is detsiled below.. xtellt to ivlilcli tlie audlt was considei'ed capable of detectijig IrreglllAI'ltlos, In¢lud5ng fi'au InigiJlaritit5, incliidiiig fraud, aiE iiist8iices of noii-coiiipliaiiee ivith laivs and reEul&tions. We desi2n pr<￿edulES til lil 'itli our iwonsibililies, outlEI)ed abovfy lo delect iiiaterial Iiiisstateniei)ts iii r&8pect of iia'egulaiities, incli￿l￿g fraiid. Tlie extent to wl)ich our pioecdiiirs ale capable of detccting irrtgiilxijti¢s, ithcliiding fTaiid is detailed b¢low. W¢ cthisidered tlie nathir of Ilie d￿rIt861e ￿E￿]12atIO1I and its Control envir01￿l￿1t, ieipieived th¢ c11￿.1ty, docunientalion of tlieir policies aiid procedures i"elalinE to fiaud and cojiipliw1￿ ividi 12¢ ivs and regulalioiis. We also iquiiEd of t)Jaiiageineiit about tlickr oivii ideJitEfication and assessment oÉtli¢ iisks of iiyegularslies. We obiailled 8n undeiEtaiiding of the legal and Irgiilatory fraintwoik that Il)¢ ¢haTity oi)erntes in, aiid ideijtified tlic kcy laivs and ir&ilations that.. liad a dii.ect effect on tlie detei'nisnation of m2tei'i&l anioiiiits aiid dis¢losurcs sn Ilie financial stateAwiits. These Èncluded tlie Clwi'ilies Act lax legislation. and do llot Iiave a direct effect Oll tlie fitjancial stalenients bLII ¢ompliaii¢e ivithivhie]i inay be fundafi?entsl io ilie chaiitablc oi'ganizalion ability lo opciMt¢ oi. to avoid a iiia(¢i'ial pe]￿lty. We discussed ￿lIa]lE the audit engagenieiit teaiii iEgardTng Ilie oyportuiiities alld itic¢lltives th8t exist iviihiil tl)e oi'gaiii2alioJi for fraud and hoiii aiid ivliere fraud Ji)iglit occiir in Ilie f1t￿lIci41 sialeiiienls. coinjnoii ivith all audits under ISAS (UK), Ive are also requii'ed lo perforjn specific piwedures lo I'espond lo th¢ risk of tiJarnigemetJt oveii"ide. In addtcssing tlic risk of fiaud tliix)i1￿ iitrnagemenl override of conttx)Is, Ivc tested tl]e appropi'iateness of joiirnal ents'ies and othei. 8djustsi)ents,' asgesgcd Ivlicth￿. die jiidgeinenL8 maile in iiTraking a¢coiii)ting e5tiniat¢s are indicative of & poteiitial bias. aiid evaliiated die busilless ialLoiiale of aiiy significattt tiallsaction4 t￿l￿t are uiiusual orouiside the Jioi'n￿l course of busine&s. Ill additiott to Ilie above, oui. procedurcs to itspoiid tD Ilie iisks ideiitified iiicluded tlie folloivillg.. IEvieiviJig finan¢ial slateniettt disclosiiies by te%liiig to suppoiting dociinitntatioii lo assess coDipliance iviih provi5iOD5 of relevant laivs regiilalions des¢i'ibed as having A diitet effcct on tlie financial Stat￿nents,. perfoi'niing al￿[y11¢￿1 pr iii &e¢ordttiic¢ with Pail 4 of the Cliai'ilies (Aeeouiils aiid Rei)ortsl Regulations 21K18. 0￿r audit ivork has beeii uiiderlakeji so Iliat we Jnigh¢ siale to Ilie ¢liaisÉy's twstees those malteiT ive 8re required lo state to Iheni iii a￿1 audiiors, repoit and foi" ko tsilier puLpose. To Uie full&%t exteiJt peiiiiitted by laiv, we do iiot accept or assiiiiie i'espoi?sibility lo diiyajie ollier Ilian Ihe charity aiid the charily's tiii8lees as a body. foy iy audit ivoi'k, foi'tliss irport. or for tlie opiiiioiis ive liavc forii)ed. ?aper8 Lijiiiled Cliai"lei"ed Aceoiin18nts Haiyal House 14 Holyliead Road HatJd8lVOftli Bii)Iiingli4in Wesl Midlaiids B21 OLT 29 laihuaay 2025 Page 9 RAHMA MERCY STATEMENT OF FINANCIAL ACTIVITIES R THE YF.AR ENDLD 31 MARCH 2024 3113124 Total 3 In123 'I'otal futtds Unrestricted fuiid Rcstiicted fili Noies INCOTrIE AND F.NDOIVIIIKNTS FROM Donations and le8a¢i 362,466 2,849,440 3,211,906 3,224,215 IIiv&8ttiient iiitorii¢ 932 932 292 Totgl 363,398 2,849,440 3,212,838 3,224,507 EXPENDITURE ON Ralsliig fund5 Raising duiialRons aTKi le8aci¢s J 14,730 114,730 47,908 114,730 114,730 47,908 CIEai'itAble Actlvltie5 aiai'itable projects 3,148,112 3,148,lJ2 2,749,668 Otliei. 354,952 354,952 392,855 TotAI 3S4,952 J,262042 3,617,794 3,190,431 NEI TINCOiWIEI(EI XPENDITURE) 8,446 {413,402) {404,956) 34,076 Rfi CONCILIATION or riUNDS I'otal thnds biDiigl)t foiwaiyl 34,065 1,241,204 1,275,209 ,241,193 'I'OTAL FUNDS CARRIED FORWAIiD 42,511 827,802 870,313 1,275,269 Thc iiotes form part of these fittaocial stateillcrtts Page 10 RAHMA BALANCE SHEET 31MARCH2 31nn4 3113123 Notes XED ASSLI TS Tangible assets 12 413 800 CURRÈNI ASSEI TS Debioii Cosh at brliik aiid in haiid 22,356 881,342 31,595 1,275,455 903,698 1,307.050 CRBDITORS An1￿111￿ falliiig diie ivilhlli ot)e year 14 {33,798) 132,5811 IYET CURRENT ASSETS 869,900 1,274,469 TO'fAL ASSETS LLL SS CURRENT LIABILITIES 870,313 1,275,269 NET ASSETS 871)J13 1,275,269 riUNDS Uiiirsti'icted fiiiids Restrictrd fiiiids 16 42,Sll 827,802 34,065 1,241,21)4 TOTAL FUNDS 870013 1,275,269 The fitJan¢ial staleii)eiils iyere approved by tlie Bottrd of Ti'ustees al￿ autlioi'ised for issue on 29 Jwiuzry 2025 and ivere $igiied on its beh&lf by.. IArlWlO￿l1•111￿1rtI9.24I5j3.09#ITl Mr A A Moti- frllstee The notes fo￿￿ part of tliese financi£11 St￿lt¢ll7¢￿tS Pagell RAHMA MERC CASH FLOW STATEMENT R THE YF.AR ENDED 31 MARCH 2024 3113124 3113123 Notes Cash flows fi'oiii operAtlng th¢llvltles Casli getJeiat¢d fi'oiii operatioijs {395,045) 7,466 Nct ca8h (iised ii)yprovidcd by opeiating ￿tiVitieS {3S15,IH5) 7,466 Cash floivs fi'om Investiiig attivitÈes IiJleY&sl reeeived 932 292 Net eash provided by invesliug aciiviiies 932 292 Cliaijge iii casji ea51i Q411iVRl¢iJts lji (394,113) 7.758 CAsli and cxsli eqiilY&leJits At tlie beglTiiiliig of tlie tepDI'tlEJg peyiod 1,275,455 1,267,697 Cosli aiid cash equivglejits %t tlie clld of 881 J42 1,275,455 Tlie t]oles fonn pai'lof tli¢se ftnancial stalenients P&ge 12 RAHMA MERCY OTES TO TIIE CASH FLOW STATBMENT FOR TH8 YEAR BNDfD 31 MARCH 2024 REI CONCILIATION OF NET (CI XPEL¥DITURE)MNCOMCI TO T CASH FLOW FROM OPEI RATING ACTIVITIES 3113124 3113123 T*let (eypeEidlhEir)IIIicoEiie foi, Ilie reyoi'dng pei4od (gs Iiei, th¢ StRteiiieiit of f4siJttJieinl Actiipltles) Adjilstiii￿)ts foi-: Depreciation chai'ges Iiilerest re¢eived Decitasel{iJiciEase) iii debtoi Iiici'ease/(dcci'easel iii Cred￿tOrS (404,956) 34,076 387 19321 9,239 1,217 625 12921 17,3061 {19,6371 Net eA511 (used liiypyovlded by operadoiis 1395,04S) 7,466 ANALYSIS OF CHANGES IN NET FUNDS At 1.4.23 Casli floiv At 31.3.24 Net cAsli Casli at baiik aiid ill liand 1,275,455 (394,113) 881,342 1,275,4SS (394,113) 881J42 TotAI 1,275,455 {394.113) 881,342 The iioles foiw parl ofiliese fiiiaiicial staletiieijts P&ge 13 RAHNIA MERCY NOTES TO THE FINANCIAL STATEMENTS B YEAR ENDED 31 MAR H 2024 ACCOUNTING POLICIES Basls of pi'eparliig tli¢ fill#tielAI stnteineiits The financial slateniaits af tlie c]￿rIty, Ivliicli is a piibli¢ b￿lef11 eiility undtt FRS 102, have beal prepared iii accoimfjaiice ivitli the Chorities SORP (FRS 1021 'Accouiitiiig aiid Report(tig by Charities.. Slateitteiit of Recal￿lI1e1ided P¥a¢lice applicablc to Chalit￿eS pyepai'iiig tlieir accouiils in aceoi'daiice ivitli tlie Fil￿nCIa Rcpoitiiig Standard applitable in Ilie UK and Republic of hBland (FRS 102) (effective I lthiiuary 2019),, Fil￿ncial Repoiliiig Siaiidai'd 102 'Tlie fillancial Reporlitig Stsndaid applicable in the UK and Reyiiblic of Ir¢land' and the Cliai'ili¢s Act 2011. The fmallcial Etatenients have been pirpaird und¢r tlie hislori¢al cost conv¢iilion. Ineoijie i'esout'ce$ All incoittc 15 ircognised in ihc St&t￿l]ent of Finan¢ial A¢tivsties once tlie c]￿1.￿ty lies entitlemenl to the funds, it is PLth&bl¢ that the incon?¢ ivdl be iiccived and the ainount can bc nicasiiiEd reliably. Gift5 ill kiiid donated for disli'ibution air iiicluded at valu41ioii and recogiiised as iii¢on)e ivheii thty are distrli )uted to t]ie projeets. Gzftslitenis doiiated by b￿SillesseS & commutiilie5 for distl.ibutio￿ to tlie pool. & i)eedy are only included as incoiiie iYheTr a ieliable valuatioii is available. OIliLrwist only ilie costs associated ivilli tlie traiisportaliort aL)d d18ti.ibiition of Iliese it￿)￿ al'e sliowii in tlie fiiiAI)¢i&l 5tatcnicnts. No aiiioui?ts are iii¢liid¢d iii the finallcial sts*inpJils fol's￿.%11¢¢8 doiLqted by voliint¢eiE. Re50uiee5 expeiided Liabilities ali reeoyiised as expendi￿lE as soot) as there is a legal ei. ¢ottstiii¢tive obligation eoniinitting tlie cliayily lo 11)st expciidituY4 it 18 pix)bable tliat a trdnsfcr of econoinic benefits will be requiitif in beiil¢Rient artd the 8mount of the oblTgalioJi can be nieasiired irli8bly. £,xpendittiit is a¢counted foi. on all acctiials basis and lias been classified iiiidci. headings Iliat aggirgate all ¢ost vElated lo the category. Wli&r ¢ost8 caiMJot be directly attributed to paitieular headings they have been allocated to activities ott a basLS C011515t¢nl ivith the use of iuoui'ees. Futjd-raistiig costs are those iIiciiired kn ￿ekil1g voliinlary contributioiis alld do not iiieliide the eosts of dissenilE￿I1￿& itiforjnation in siippurt of the chatitable activities. Siipport ¢osts ar¢ those Costs inculll'ed directly til SLiPPQit of eYpeiidituiE oi) the objccts of the chai'ity aiid itidude pYoj¥ct managelneiit carried oiit at Hcadquai'lers. Maiiagemenl and &dinittIsti7ti￿tr co￿8 ail those iiicutted i]} ¢o#ttectioii Iv￿th the adniinistratioll of the ¢hcirily aiid coniplian¢e ivitli Coiistitulioiial aiid %tattitoiy requirenicnts. Taiiglble ftl.K¢d 8sset$ Depreciaiioii is provided at tli¢ folloiving at)ttual rates iii oi'dcr to ivrite off ea¢li asset ovei. ils (sliinaled iiseful life. TiiipiDveiiicttts io prq)ety rixiures aiid fitliiigs COnu)ut￿. equipment 25Q/D 011 Cost 250/• OJJ Cost 25Qh on cost Tallgible fixed assets ¢ostliig iiioiy tliatt £500 are capitali5ed included at c(tst includittg aiiy AncideIitui expe]￿e$ of acquisition. Ta¥Rtioi) Tbe charity 1$ exempt froin Taxation purposes aiid is not lEgist￿Ed for VAT. Elowever, the d)arity is alloived to rcclaiiii tax on doJialion5 received uiidei. the Gift Aid when1¢. riuiid aceountliig Genei?I funds (Lill81il al'e uniEslLi¢led fiinds that are available for iise at tlic disurtion of the tiustees ill furilieraiice of tlie geneial objeclkves of tlEe chaiity and ivhidi have iiot beell deSi￿lied fth. othei. piirposes. RestrEcled fuiids {Filra I Zakat) funds thai *i'e to be iised iij ac¢ord8iiw ivitli spe¢ifi¢ iesli'iclions iinposed by dollors or whicli have beeti i'aised by dje clmrity for i)ai"liwlar puiy05es. The cost of i?isiiig aiid adminisl¢riiig 5ucli funds aiE C1￿1.8¢d agaiiist the spc¢ific fuiid wh￿e peTIIIIS5ible, otl)trwise frot)i tIie uttreslvieled ftthd. Pa8e 14 conlinued... NOTES TO THE FINANCIAL TATEMENT8- coiitiiiued R THE YEAR ENDED 31 MARCH 2024 AccouNrING POLICll£S- eoiitiiiue Thind Aeeouiitlng liivestment incoiiie, sucli zs deposit iiileres¢ aiid Eaiiis are allocated to die ttpp¥opriaie futtd. Lioi'el￿k curi'eJicle8 Assets and liabilÈties in foiEign cui'rencies are traiislated inio slerling at tlle ixtes of exth2nge iiilii)g Rt tl)e balallce 5htei dale. Trallsaclions iii foreign ciiii'¢nGleS translated into stei'liijg at tEie rate of exchfinge iuliiig at tlie date of trai￿￿etI￿n. Excliange diffel￿etS are lakeii into accouiit in ￿liVIng at Ihe opeLXting I￿ult. Pettsloii eo$ts Aiid otliei. po$t.J'etii*JiietJt ljejiefits Tlie cl)￿]ty operates a defiiied c4)ntribution i)ensioii sclieiiic. Conknibiittoiis payable to tlie cli&i'ity's peiisio sclienie ai'¢ ¢1￿1'ged to tlie Staleineiit of Finaiicial A¢livili¢s in tile￿il0d to iyhicli they i'elale. DONATIONS AIYD LEGACIES 3113n4 3113123 Doijaliorts Gift aid 3,065,616 146,29 3,104,291 119,924 3,211,906 3,224,215 INVESThf&NT INCOTrtE 3113124 3113123 Profit on Al Rayaii deposits 932 292 RAtSING DOIYATIONS AND LEI GACIES 3113124 3113123 Advertisiiig 114,730 47,908 CHARETABLEI ACTIVITIES COSTS Direct Costs (see I￿1¢ 6) SupporL Costs (s¢¢ note 7) Totals Charitable projects 3,096,998 51,114 3,148,112 Page 15 coiitinued.. RAHMA MERC FINANCIAL STATEMEFqTS- ARCH 2024 iitinued DIREcf COSTS OV CHARITABIE ACTIVITIES 3113n4 31nf23 OJylJaii 5pollsoiEI)ip Religioiis s¢lioolg cost Pi'oject staff ivages aÈJd ti?vel Fi'esli ivater ivell pl￿jeCts Mosque CO￿$trUctiOn projects Hollsing aijd medical aids Qiii'bani & Ran￿d￿n projects Helpiiig tli¢ poor aiid iieedy Dollalions to otliei. girojee Academy & Eductioti pn)je¢ts RalllMA Insliiute Aibaiiia 406,715 994,082 192,079 44,960 32 J32 84,054 358,107 8,083 508,748 7,119 460,719 333,032 853,025 206,531 45,803 73.071 139,549 147,409 45,274 251,161 43,797 567,410 3,096,998 2,706,062 SUPPORT COSTS Athtjin otlJ¢r Gover1￿1¢¢ costs Totals Otlier resources ¢xp¢iided Chai'itablopLoje¢ts 345,1￿8 51,114 9JX4 354,952 51,114 396,182 9J184 406,066 AUDITORS, REMUNERATION 3113114 3113123 Fees payable 10 tl1oeh￿ltyS aiiditors for tli¢ audit of t]￿ ¢liarity's filla￿cIal stateiiients 2,400 2,400 TRUSTEES, REMUNERATION AND BENfi filTS There ivere no triistees, iEn)Iinathlion or othei. ben¢fit8 foi. th¢ year ended 31 Mar¢li 2024 nor foi. the yeai. ended 31 March 2023. Ti'ii$t¢es' txpeiises war i]0 tLYStees' cxpei)s¢s p&id foi. tile Ye￿ end¢d 31 Mairh 2024 noi foi. the yeareiided 31 March2023. Page 16 eontinued... RAHMA MERCY NOTES TO THE fiNANCIAL STATEMENTS- COL)tiiiued io. STAfifi COSTS 3113124 3113123 Wages and salaries Social seciii'ity costs Othei. pei)sion costs 234,974 12,940 2,380 223,071 12,478 2,132 2SO,294 237,681 Tlic average moi)1S)ly iiuiiiber of employees duiiiig Ilie yeai. Iv88 as follows.. 3113124 12 3113123 12 Adn)in, fuiidr&iSlLig and nIa￿tI>nE No eLllployees received eniolilllie￿ts iii excess of £60,000. ii. COMPARATIVEI S FOR THE STATEMENT OF FINANCIAL AcfivITILg Uill'e8ti'i¢te(I fiilld Restsicted fiii Total fuiids INCOME AND ENDOWMEINTS fROM Doiiatiolls and legacies 267,436 2,956,779 3.224,215 Iiivesttiieiil incoine 292 292 Total 267,728 2,956.779 3,224,507 EXPEIYDrruRE ON RaisiiiR fuiids Raisiiig dolialioi￿ &11d legaeie8 47,908 47,908 47,908 47,908 Cliorltable activitie5 Chaiitable piDjeets 1749,668 2,749,668 Other 358,137 34,718 392,8S5 Total 358,137 2,832,294 3,190,431 NET INCOMEI(EI XPENDITUREI (90,409) 124,485 34,076 4 CONCILIATION ofi f4UNDS Toial fi)i)ds bifjiight fonvai'd 124,475 1,116.718 5,241,193 TOTAL fiUNDS CARRIEI D fiORWARD 34,066 1,241,203 1,275,269 Page 17 coiitinued... RAHMA ERCY OTES TO THE FINANCIAL STATEh4E S- coijtinued DED31 MARCH 2024 12. 'I'ANCIBLEI fiIXED A,8SLTS lJi)provetnertls to proyeity Fixtures and filtiii Con}put￿. eoiiipnient Tota18 cosi. At l April 2023 &n(t 31 Mai'ch 2024 13,350 4,014 IS,S94 38958 DEPRF.CL4TION At l April 2023 Chai'ge foi. yeAr 13J50 3,847 05 17,961 322 3S158 387 At 31 Marcli 2024 13,350 3,912 18,283 3S545 NEI T BOOK VALUE At 31 Mai'¢h 2024 102 311 413 At 31 Match 2023 167 631 80D 13. DEBTORS: AMOUNTS FALLING DUE IVII'HIN ONEI YEAR 31r3124 3113123 Paypal Alc 22,356 31,595 14. CREI DITORS., AmOU￿s fiALLING DUE WITHIN ONfi YEAR 3113124 3 Ill123 Tradc ci'cdilors Taxation aiid so¢ial seuirtly Othey ¢reditors 6,151 4,101 23.546 6,388 4,118 22,075 33,798 32J81 15. ANALYSIS ofi NET ASSEI TS Bri TWEEN fiUNDS 3113124 Total fiind8 3L13f23 Tolal fiinds Ullieslricted fimd Rcsti'icted rund Fixed assets Ciii"reiil a55cts 413 75,896 (33,7981 413 903,698 (33,798) 800 1,307,050 132581) 827,802 42,511 827,802 870,313 1275.269 Page 18 continLIEd... OTB TO THE FINANCIAL STATEMENTS- ci)iJtiiiued FOR THE YEAR ENDED 31 mAR￿H 202A 16. MOVEMENT IN FUNDS Net 1i10sremet)I in ftinds At 31.3.24 At 1.4.23 UIiiYsti'lcted fiiiiils Geiiel￿] fviid 34,065 8,446 42,511 Resti'lcted fuiids Gejieral fiiijd 1,241,204 (4J3,402) 827,802 TOTAL FUNDS 1,275,269 {404,956) 870JI3 Ne( Jnovenient in fuiids. uicluded in t￿e above &re as folloiYs- liicoiniiig Itsoiiices Rcsources cxpendcd mOv￿n￿lL iii fiinds Uiii'eshitted funds Gthieral fund 363,398 (354,952) 11,446 Resli'ficted funds General fund 2,849,440 (3,262,842) 1413,402) TOTAL FUNDS 3,212,838 {3,61Y,794) 1404,956) Coiiipai'atives foi. iiioveiiient in fuiids Nel Liioveinelll At 31.3.23 At 1.4.22 Uiii'esth.leted fiithds GeIJeidl fiiiid 124,475 (90,410) 34,065 Resti'iettd fund Ge)1￿￿1 fuiid 1,116,718 124,486 1,241,2(>1 TOTAL IIUNDS 1,241,193 34,076 1275269 Poge 19 ¢oJitii)ued... AHMA ERCY ES TO THE FINANCIAL sfATEMENTS- coiitinued FOR THE YEAR E IMAR 16. MOVEI ￿￿NT IN FUNDS- ¢ontlnued Con)pardtive netmovenient in funds, iticliidcd iii tlie 8bovt arc as folloivs.. JD¢￿ni1)g resources Resources expejided Movement fiiids Uiiresti'lcted fujids Gencral fi]nd 267,T28 1358,138) (90,410) Resti'icted fuiids Genei'al fuiid 2,956,779 (2,832,293) 124,486 TOTAL FUNDS 3,224,507 (3.190.43L ) 34,076 A cut'ient yeai. 12 ￿￿t)Ch$ aiid prior yeav 12 n)onths eombined pogitioi) is as follows: Nel ii)oveJIi￿iL in At 1.4.22 31.3.24 UiiLesti-Icted funds 124,475 (81,964) 42,511 Resti4cted fullds Genei¥l fund (288,916) 827,802 TOTAL fiUNDS 1,241,193 (370,880) 870,313 A cli11￿1 year 12 I1)ontI￿ and piior year 12 inonihs Col￿bined iiet inovement in funds. included in the alM)ve are as folloivs: Iiieoniing resuurcL8 Resollires ¢xi)ended Moveiiient in funds Uni'e5tt'letcd fiiijds Geiieral fiin(J 631,126 (713,090) (81,964) R¢$lrlcted fuiids Gelle￿1 fulld 5.806,219 16.095,135) (288.916) TOTAL FUNDS 6,437,345 {6,808,225) (370.880) Pag¢ 20 contitwed... RAHMA MERCY NOTES TO THE FINANCIAL STATEMENfS - rx*Jiliiiued FOR THE YEAR fNDED 31 MAR H20 17. RKLATED PARTY DISCLOSUkEI S Tlieic weir no related party traiisac(ions for ihe year ejided 31 Marcli 2024, Page 21