Regi(Cr Clidi-iLy P4uiiib¢i- l 101574 AL MADAD FOUNDATION Trustees, report and financial statements For the year ended 31 Deeember 2024
Al M2dad FoundatlOD Contenls Page Legal and administrative infom]ation Trustees, report 24 Independent Examiner's report Financial actiVkti¢s Balance sheet Not¢ to the financial staternents 8-10
Al Madad Foundation Legal alld Administrative Information Ti'ustees Yastnin Alireza Basma AliR"eza Faiza Meyassar Charity Nunibcr 1101574 Chai'ity Office 52 Mount Street London WIK2SF Accountants Jolly & Co. 450 Bath Road Longford Hcdilii"uw UB7 OBB Bankers Unity Trust Bank HSBC Bank Vii'gin Money Page I
Al Madad W'oundation Trustees, report For the year ended 31 December 2024 Trustees: The trustees, names on the charity's infoimation page have served tl]roughout tli¢ year. Appointment of the trustees is governed by the Trust Deed of the cliw'ity. The Board of Trustees is authoi'ised to appoint new ts'ustees to fill vacancies "1s1ng tlwough i'esignation oi, death of an existing tIU5tce. Structiii'e Governance and Management: The Foundation is both funded directly by the tIsteeS, as well as thi.ough donations and fundraising activities organised by its funding arm, Al Madad Foundation Funding Liniited. Al Madad Foundation is iwn by the BO, which meets regularly to review sts'ategy, agree on mattel's concei'ning on- going projects and confinn new projects as well as to regulate and monitor financial mattels. Iiivestment Poivers: Tlie Ti'ust Deed autFLorises the trustees to make and hold invcstments using the general funds of the ch"ity, but no such ilivestinents are presently heEd. Constitutioi), objects* pollcle5 yuljlic bcucfit: The Charitable Trust is constituted by the Trust Deed, and its objects are: -To effect change in th¢ lives of disadvantaged and displaced chÈldren tl]rough the means of education, artistic expression and holistic wellbeing -To pi'omote an iinderstanding of the atts in an educational setting -To pi'eseive at i'isk oi. tnarginalised heritage or cultural activities -To advocate for the communities we support and be a trustsd and authoj'itlve sow'ce of infomiation Devclopmellt, aetivities and achievements: Woi'k in CTaza and the West Bank (Palesline) continued fi'om 2023 into 2024. Oiir Gaza emei'g¢ncy project with Palestinian Centre for Communications and Development Strategies (PCCDS) distributed hygiene supplies, nappies, baby milk and otl)er essential pi'oducts to new motheis. A Health Visitor was also on-hand at every distribution to provide birast-feeding support and advice. Ovei. the coui'se of 2 distributions, we gave out around l 000 packs. We also funded Filst Aid Kits in the W¢st Bank widi training foi. 400 specially appointed volunteei's. The saine partner also finished its 2-yeai' STEPS project in the West Bank in Decembei. 2024. This pi'oject reached 2000 pupils in UNRWA schools wilh sight and hearing tests and pi'ovided specialist equipment (spectacles oi. hearing aids) to around a third of them. In reaction to what has been a continuation of the crisis and uncertainty in Leb<inoii tliat we saw in 2021, 2022 and 2023 we renewed our support for four specially selected schooks in tlie Beirut 'ea. In subsiding the fees for struggling families at these institutions, AMF has helped to Iceep Lebanese and Syrian i'efugee children in school and (indii'ectly) suppoi'ted the teachiiig staff who continiie to .qti'ive fnr the best in alinosl uniinaginably Strained circunistances. Wlien war bl'oke out, AMF was able to act quickly using this netwoik. A shelter for displaced Lebanese families at Adventist School Mouseitbeli (Beirut) was funded by AMF as wer¢ books and essential clotlies for pupils at SSCC school (Beirut). We also J'eturned to foiThei' paitnei. Raliitia for Special Needs to pi'ovide winter clothes and slioes for fan]ilies using theii- netwoi'k in Tripoli. 360 childi¢iL W¥L"L lielpcd in this way. Page 2 Contd..
Al Madad Foundation Trustees, repoi't For the year ended 31 December 2024 Future Developments: As we look ahead to 2025, Lebanon remains a priority, and we will take & view on wliere our help is most needed if tliis period of crisis and uncertainty continues. We hope to help in the Soiith of the country in rebuilding efforts if we can. We are also in talks with various oÈ'ganisations to try to plaT] assistance in (iaza when it is possible to work In Ihis very tt-oubl¢d &i'ea. We have launclied the Spring Grant 2025 and Sniall Grants 2025 to seek new projects and new partnei's in our pi'iority areas. FinAnci21 Review Funds available are sufficient to pern]it the T51 to continue in opei'ation in the shoit teiin, given the continued support of the donors has already l)een promised, Should this suppoit not continue in the longei. term, fuither financial support would need to be sought to repl&¢e it. Risk Mankigement The ti'ustees actively review on a regulai" basis any majoi. risks which the cliarity faces 2nd believe tliat maintaining reserves at current levels. coinbined with an anniial review of tlie controls ovei. key financial systenis, will provide sufficient resources Tn the event of adverse conditÈons. The b'ustees have also examined other operational and business risks faced by the charity and confjm that they have estsblished systems to mitigate these. Reserves Policy Tlie i'eserves of the chaytty which are carried forward froni year lo year would i'arely exceed tlie equivalent of one year's income. The reserves held are considered to be a prudent miniinuin to ensuL'e that thc work of the charKty conlinues in an ordei'ly manner fi'om ye. to yeai, even wlien donations may fluciuaie. It also provides fuiidb. fur wiy dcvclopin¢nt and cxpansion woi'k in the future. Page 3
Al Madad Foundation Trustees, Report For the year ended 31 December 2024 TRUSTEES, RESPONSIBILITIES IN RELATION THE FINANCIAL STATEMENTS The charity trustees are responsible for preparing a trustees, annual i'eport and financial statements in accordance with applicable law and United Kingdom Accounting Standards (Untted Kingdutn O¥iieA'ally Acceptcd Accounting Practice). The law applicable to ChItIeS in England and Wales requires the charity tIsleeS to prepare fitumcial statements for each year which give a true and fair view of the state of affails of the charity and of the incoming resources and application of resourc&8 of the charity foi" that period. Preparing the financial statements the trustees are required to: Select suitable accounting policies and then apply them consistently Observe the methods and principles in the applicable Charities SORP Makc judgementg and estimates that are reasonable 8nd prudent State whether applicable accounting standards have been followed subject to any material departures disclosed and explained in the tinancial statements Preparc the financial statements on the going concern basis unless it 18 appropriate to presume that the chaiity will continue in business The trustees are responsibl¢ for keeping proper accounting records which disclose with i'easonable accuracy at any time the financial position of the charity and enables them to ensure that the financial statements comply with the Charities Act 2011 the applicable Charities (Accounts and Repoits) RegiilAtinns 2nd the provisions of the Trust Deed. They w.e also i'esponsible for safeguarding the assets of the charity and taking reasonable steps for the prevention and d¢lectioii of fraud and other irrcgularities. The tiustees are i'esponsible for the Inaintenance and integrity of the charity and financial informaiion inclltdcd UII tlic Charity's website. Lcgislation in the United Kingdom govei'ning the prep.ation and dissemination of financial statements may differ from legislation in othei. jurisdictions. Approval This report was approved by the trustees on 20 February 2025 and signed on their behalf. Basma Alireza Trustee Page 4
Al Madad Fouttdatlon Independent Examiner's report to the trustees of Al Madad Foundation ebarity TO THE TRUSTEES OF AL MADAD FOUNDATION CHARITY I rcport to the tivstees on my examination of the accounts of the above charity foi. the ye. ended 31 De¢enibeT 2024 which are Kt out on pages 6 to 10. Responsibililies and basis report As the chai'ily ttustees, you are responsible foi. the preparation of the accounts in accordance with the Chai'ities Act 2011 ("the Act"). I report in iespect of my examination of the Trust's accounts carried out undei. section 145 of the 2011 Act and in cai'rying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the ACL Basis of independent examiner's statement My examination was ¢arried out En accoi"dance with General Directions given by the Chai'ity Con)missioii. An examination includes a i'eview of the accounting i'ecords kept by the chaiity and a eomi)ari%nn nf the accounts presented with tliose I'ecoi'ds. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as ti'ustees concerning any such matters. Th¢ procedures undertaken do not provide all the evidence that would be requii'ed an audit, and consequently no opinion is given a5 to whether the accounts present a 'tiue and fail. view, and the report is limited to those 1112ttei's set out in the statement below. Independent examiner's statement Tlie charity's gross income exceeded £250,000 and l ain qualified to undertake the examination by beÉng a qualified meKnber of Association of Charteied Certified Accountants. I liave completed examination. I confinn tliat no inaterial inatters have coiiie to iny attention in connection with the examination which gives me cause to believe that in, any matei'ial i'espect., the accounting reco15 were not kept in accordance with section 130 of the Act. or the accounts did not accord with the accounting i'ec01'ds' oi. the accounts did not comply with the applicable requirements concerning the foilln and content of accounts set out in the Charities (Accounts aThd Reports) Regulations 2008 other than any i'equii'ement that the accounts give a 'ti'ue and fair, view which is Thot a matter Considered &s part af an independent examination. I have no concerns 2nd have come across no other inattetE in connection with tli¢ examination to which atterttion should be drawn Èli this repnrt in ardei. to enable a pi'oper undeL5tanding of the accounts to be reached. Mr John Thoinas B.Sc.(Econ) FCCA 450 Bath Road Longford Heathi'ow, UB7 OEB Date: 20 Februaiy 2025 Page 5
Al Madad Foulldation Statenient of Financial Activities (including Income and Expenditure Accoullt) for thc ycar ended 31 December 2024 Unrestricted Funds Restiicted Funds Total Fuiids YIE Dec 2024 Total Funds 2024 2024 Dec 2023 Notes Iiic(bmiiig Resources Voluntary Income: Donations & Ollier Income 207,583 369,725 577,308 279,596 Total Intomiiig Resovrces 207,583 369,725 577,308 279,596 Resources expeiid¢d Cliaritable activities 289.249 289,249 188,017 Management & General 162.434 162,434 l63.723 Governance Costs 5,350 5,350 5,350 Pi'oject Coordination & Support Costs 57,924 16,338 .14,262 72,474 Cornmunicatioii & Awareness raising 7,129 7,129 6,972 Tot81 resources exijeiided 232,837 305,587 538,424 436,536 F4et movements In fuiids (25254) 64,138 38,884 (156,940) Total funds bi'ought fonvard 108.116 8l,327 189,443 346.383 Total fuiids carried forivard 145 465 228 327 189 443 The statetnent of financial activÈties includes all gains and losses for the period. All Èncoining resources aiid resoiii'ces expended derive from continuing aclivities. The llotes on P3ge 8 to JO form an inlegr21 part of the5c financial stAtenients. P2ge 6
Al Madad Foundation Balanee Sheet as at 31 December 2024 YIE Dec y Dec Notes 2024 2023 Fixed Assets otf ice qUIpment Additions Office Equipment Depreciation charge 812 (203) 5,409 (4,597) 609 812 Ciiryent Assets Amount due from Al Madad Foundation Funding Limited Prcpayments Cash at bank and in hand 04,660 61,414 803 131,764 184,818 249,478 193,981 Creditors: amounts falling due within one year 21,760 5,350 Iyet current assets 227,718 188,631 Iyet assets 228,327 189,443 Represented by: Uni'estricted Funds: General fund Restricted Funds 82,862 145,465 108,116 ¥1,327 Total 228,327 189,443 These financial statements were approved by the trustees on 20 February 25 and signed on its behalf by: Basma AlireLg Trustee The notes on pages 8 to 10 form an integr21 part of these financial statements. Page 7
Al Madad Foundation Notes to the Financial Statements Ilor the year ended 31 Decembei. 2024 l. Accounting policies Tlie prir]cipal accountiiig policies are summill-ised below. The accounting policies have been applied consistently thL'ough the year and the preceding year. 1.1 Basis of accounting The financial statements of the charity have been prepared under historical cost convention, In accoi'dance with the Charities SORP (FRS 102) 'Accounting ld Repoiting by Cliarities: Statement of Recommended Practite applicable to charities prep.Ing their accouiits in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) {effe.ctive. l .1gn1121'y 2019), and the Charities Act 2011. 1.2 Fund aceounting ulesIr1eted funds are available ful- usc di itic discietioji of tlie tilt¢¢5 in fLU'thcrancc of the genei'al objectives of the charity. Restricted fuiids are subjected to Irstrictions on their expenditure imposed by the donor or through tlie teiins of an appeal. 1.3 Incoming r&soui'ces All incoming resources are included in the statement of financial activities when the charity IS entitled to the income and the amount can be quantÉfied with reasonable accuracy. The following spccifjc policics orc applied to particular Categories of income= Voluntary income is i'eceived by way of gyants, donations and gifts and is included in full in the Statement of Financial Activities when receivable. Gi'ants, whei'e not conditional on the delivery of a specific perforniance by the Ch'ity, are i'ecognised when the Ch'lty become unconditionally entitled to the grant. Donated Seic¢S and facilities are included at the value to tlie chai'ity ivhere this can be quantified. The value of services provided by volunteei's lias not been included in tliese accounts. Investtllent income is included where receivable. Resources expended Expenditure is recognised on an accrnal basis as a liability is incurred. Expenditui'e incliides wiy VAT which cannot be fully recovcrcd, dLid is i"CPOLtcd as part of thc eApenditui'c to wl)ich it relates: Charitable expenditure comprises those costs incurred by the charity in the delivery of Èts activities and services for ils beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature iiecessary to suppojt thein. Govei'nance costs include those costs associated with meeting tlie coiistitutional and statutory requii-ements of the charity and incEude tEie audit fees and costs linked to tlie stratcgic managcmcnt of thc chaiity. Page 8
Al Madad Foundation Notes to the Financial Statements for the year ended 31 December 2024 Continued 2. DollAtiolls YIE Dec 2024 Total YIE Dec 2023 Total UrtriCte<l Resti'ieted Donations & Other i'eceipts 207,583 369,725 577,308 279,596 Total 207,583 369,725 577,308 279,596 3. Cliaritable Aetiviti 2024 Total 2023 Tot%1 AMF Ait AW.d Spring 2021 Gi'aTJt-LASeR Spring 2022 Grant-National Wellness Network Gi'ant-Autumn 2022- PCCDS-STEPS PROJECT Lebanese Schools Prograinme PCCDS Emeigency Project- Supporting women Rahma (ADJI)-Eniei'gency Winterization and Emotional Support Essential Supplies foi IDP AMF Scholarships 411 34,856 23,824 45,000 ¥3,Y26 38,580 130,661 81,295 20,000 10,000 8.713 Total Charitable Activities 289,249 188,017 4. Trustee remuneratlon & i'elated party transaction No membei's of the management committee received any i'emuneration or expenses during tlie pei'iod. No trustee or other person related to the charity had any personal int¢rest in any expense transactionentei-ed into by the ¢hat'ity during the period (2024-Nil). P2ge 9
Al Madad Foundation Notes to the Financial Statements For the year ended 31 Decenibei. 2024 5. Ci'editors Amounts falling due within one year 2024 2023 Other Creditors & Accruals 21,760 5,350 Page 10