Registered Charity Numb 11(￿0 Regstered Company Number 5117582 Al KawtharAcademy & Subsidiary UrKlertaking Annual Report and Financial StstemenL8 31 December2022 *AcfMuE48* 3Q109r2023 COAIPANIES HC4JSE A24 #168 Al Kawthar Academy & Subsidiary UndertthNa Annual Rewt and Financial Staten Contents Charity and CoMp￿Y infomwthin T￿￿te8,$ Report A¢countanl's wort Statement of Finartial Activities Balance sheet tes to the accounts 10 11 Al Kawlhar A¢ademy & Subsidiary Undertaking Annual Report ol the trustees for th• yw end•d 31 D•c•mber 2022 Introductsl¢>n The buslees pTrsert tsir wnual yort a¥J x¢oivts foru* yw 31st Decert*er %)22. The boonl of trustees *e satlsfied vlith thg p&fomwv of charity duriry thg year and position * 31st December 2022 and consider that the dwily is in a stmng positton to Contin￿ its actFVities during thè comiiwj year, wxl Ihal ts thwity's assets aTr to f￿fIll its obligalions. The financial slatements wrnply wth ckn'ties Act 2011. Companies Act 2CK6, the MemoraThdum and Articles of Association, and AcCO￿￿1￿j and Reportw)g by Charities.. Statement of R￿0MMended P￿tiCe (FRS 1021 Name, r8gster8d office and consti1￿ of tl* chwity Th8 full narne of the 1$ Al K*har Ac&lemy The legal ￿l$tratIOn details ae :_ Date of inCo￿oRtion Company RogiStr*i￿7 knbgr The RwsteTrd oifKe is 7ty Rwstfttion Number The 1glephon8 number is S117582 62 ￿Ugh Ro*J Leicesttt LES 4AN 11C6630 0116 2461011 Purpose. Impact and ktivities of theCh¥lty Publlc ben4fit that Is provld6d by the charlty Al Kawthar Academy prtsrntes posi*'¥ely fv pristinè nwe of Islam lo fv ErylislFspeakiThJ public and to educate Muslims ￿ non-lluslims on van0￿1 aspects of &l*n. Thefeby. the prtjvision of such publi¢ services not only equips beneficiaries to benefit themselves. but aso membets of the wider communily where they liv8. promoting hThny ￿ undw513ThJing in our m￿ts-faI1h cdtrJr4 society in tho UNted KirKJdom. Aims Cl4rity Objects.. To putsu• charitsble aclivitie5 fortre of ts m￿lIm thThfftunity. We endeavor to become a reliab￿ refe￿¢0 and a vauable resoU￿e of arthentic Islanic kTr)￿ge in th6 English larwJuage lo fa¢ilitale m￿liM$ Nortrmuslims alike urrtlèr51and ￿￿ton ol Isla Al Kawtlthr Acad￿ to hdp.. PreseThe aTrJ prDrrote the pu￿ wsage ar*J sublime v*ues of Islarrk Faithfully convey the educatsonal spiritu* legacy ol Ihe d8SSital sclolats to the kknlirrts of today. PD)vide aThl wKourage Ihe putsubt of Islawdc km4￿￿￿jge re￿￿5& bj classical sowces. The charity's principal activity in the furt￿ of its objeclives is P￿vIding a service to the public for their religious kno￿edge wls aTrJ f￿lItating social matter relatwj queslions to be ans*pred by qualified scholars. Summary of main acttvllles In relallon to its objects Our sb*egy lor aC1￿evi￿j ts choirty's objpxtives irKI￿leS disseni￿tion of k￿*￿edge thK¥wJh fv nwr of conducliThJ lectr￿S •xl the pmvision of advice to b&*fieiaies. The objects are p￿$￿1 in a varfety of ways, inc1￿1r0 the organizKwJ of fomial tslks and l¥twes. in a positive campai9n lo intr)d￿e Ihe pristine Me$s￿e of Islam k) the Etylish.spe*iry pthlic aThJ lo ed￿ale musli￿ arKI noTrMw51ims on vail0￿ aspects of Isl A rwiew of charitable activities thJ¢rt*en by Al Ka*llw Ac&J&)ry IAS over the past year. Ory￿1$￿ ltttffts. swninars *JJ speth in associ¥ion *ilh v*its￿ I￿¥[r*¢ oryaThzations nationally throwhoul the y*r. Al Kawthar A¢adwny & Subsirfwy Undortaking leacling ofARbic ￿ Islanic sbJie5: I￿ lessorLS tswht in EEwJlislL Replied to questions aNI qwies fOr￿ligiOuS in10m￿tiOn a￿1 •Jvice. Responded to rBqu85ts of assi$*e,' ard offenr¥J ol coll￿elIng. mor81 advictt ar*J spiriknJ4 guidart Fundrnl$lng activltl•s The challty do85 not xtivdy fwMSr4ise thr JBli85 on d0Th4￿orts from its doTh)rs. TAknse sw)port is valued. DoTralion$ have been n471￿Y a5 a of ￿N1-of-￿K7uth publicity. Volunt••ts We are g￿?fUl to ￿ nuM￿u$ vokniews that SLPPOrt th8 Ctwity *ith tl* nécessary kr￿yAedge. eXp￿tenCe and skllls to be able to oper*e the ch*ity. Summary ofthe maln aChI•￿n￿nts of Ih chvity dunn9 th• We continued opportuiity for benef￿1￿leS to St￿yy ￿￿e[s￿nd the mosl authentic book of tradillons Isaheeh Bukharil and the Wan in ErwJlish language. IWJM and explaine4J by qUalif￿d Schola￿. This ha5 been a unique oppothmity for ber*fici￿leS because thts is tt* litsl b"ft* that Saheeh Bukhari has been explained in ETrJlish. Govemance and DeGlslon Maklng Nature of the Govemlffj Docwnent and cor6btution of tts thwity The charity is cortstibjted as a company limibj by gu*anlee wd is It￿lOre go¥w￿l by a JYwKJrandurn and arti¢lés of assoGialion. Th dirKtor5 of compary are also tntstees of the cPority. Eligibility for membeTrhip of the charity membetshlp of the board of t￿￿tee5 is govemed by tIE memorandum and wlicle5 of a$50¢iation. There wtil¢tio￿ in ts goverr#rtrJ docw*nt on the operatlon of the charity of its investsnent powern, otlw Ilw fvse imposed by gewal charity la*. Al Kawthar A¢ademy & Subsidiary Undertaking Annual Report of th• tru¥1￿ fur lh• yw WKl•d 31 D•wnber 2022 Rocrultrnont and appointment of now lJvsloe5 The process invdves detennining the crf)timum skills, kn(thledg8 experience mix for the: current operab'ona climate and needs, id￿lfying fvtial memters. womob'ng and explaining the aclj'vib'es of Ihe Board to potential members. Qualty. characteristics and quaifications are decided uwn when selecting rnernbe￿ of the Board of Tru*es. R•latlonships bthmen the ¢harity and r•lat•d partlos The induction of naw Trustees woutd include an exrAanation of tr* functKJn of the Board of Trustees and aprK)inling a mentor for the new member to the Board of Trustees. An overvi of the organization and its activilies is pmided. OTh￿￿ng ap￿D[ThIe IAniNJ is ￿0mmended. Operadng Modeb ind Risks We lund our ¥wrf( wilh I￿rn our donots arKI ap able lo rmnlain a loc￿ on ¢haritsble *livilies maintsining our cost base to opeRte tr* seNices lor the berdiciaries. Risk mana8•m•nt- Al Kavrthar Academy take I￿1r resportsibilities towards volunteets, stsff, dorK>rs and beneficiaries vwy $thiously. An important aspect of disctiarying Ih&sè responsibilities involves the idenlifscalion and managemenl of all polentia risks Ihat might compromise stsff, rnsources, or ability to deliver charitable Program￿. The Chwily. therefore. has the ultimate duty to regLlarfy identrfy aTrJ review the risks to bthich the Charity is exposed. and that appropilale corrtrols are in p￿e to pmvide reasonable assurarKe agairLst fraud, malicious acts. and eThor. Tnjslees we satisfied tl>at all systems are in pkn or arrawements we in harkl to manage the rfsk8 that have been identified. havirMJ ensured segregation of duties. h partied* knswance coveris in place and the finances of Al Ka%￿har Academy kept u￿ler review. Appropriate Disclosu￿ and BanlThJ SeNice (OBS) ctrtks. supported by reguTaty wie¥wJ polic￿. are made for all those who w)rk wth any vulneTrble groups ￿lIhin a&￿erny. COVID Statement The increased irrfeGtion rfsk of COVID-19 d￿￿r￿j March 2020 had its impattt on Al Ka*thar Ac&Jemy a5 f ollow.. AS of the COVD PaKlemic. ￿ adapted Olff approxh to embf#ce its or11￿ teochirwJ syste Al K&￿har AC￿lemY has devdopag all the teachirwj materials in temis of Pov+er points. Words. and Pdf document$ lo be delivwed th￿Ugh this online t88e*Mr¥J system. aTrJ 811 t￿ reqL￿red logistics for delivering this mataial. To support our students duriThJ the impact of paThJemic. we appli￿ considv*ion of financial diff icullies 8r¥J other vdlbeFng measwes arKI supported our st￿￿errtS to conlirth ￿rning. 3- Oiff f inancial health aTrl corrtirnAd support f(xAI KthllArAc•Jemy faciliL8ted ourincome to incrEase dL￿ng these challengiry limes as such Al Ka¥thar A&TrJemy has 5Lrfficient free reswves to continue sUccessf￿1y. Flnanclal Revl Pollcles oft reserves The charity works closdy wilh the 0th8r organizatKms to wesent th8 wBti'ne message of11am to the English4peaking putlic aThl b educak m￿limS and ￿k￿U￿1m$ ffi varNJJ5 aspects of Islam. The trustees have res)l¥ed to @S￿1￿ reseNes b tmvide f￿ fvtre acbvib'* and to wov￿8 Al Kawthar Acad￿ & Subsirfwy Undwlaking furmling for Ihe ex￿￿tsd expeThStLre for six mLrtts a￿1. Tr rKlicy on reserves is that exislng assets are retsined tr) woduce irKome which is wholly utilized to supm existing aclivibes. There is rm) intentwjn in the ￿ tem to eittw increase ￿ reduce the capital significantty. Thi5 policy isjustif￿d in tr￿t it is necessary to fvyeserve income at the present levels in order to maintaffi Ihe acb'vities of the charty. The kyincipa furthKJ sources dwing ts year Yfas VLquntsry donal1￿S as a re&Ai ofword of mouth icity. Minimun expenditwe was in t) fLuK The bo8￿ of trustees is satisfRd thal the charity's in eath fwKI are avalable and ajequate fulfill tts obligthns in reSF*Ct of exh fl Avallablllty and adequacy of assets of each of the funds The board of trustees is salisfied that the charity's assets wi each fuThl are available and ad8quate to fulfill its O￿lga￿S in respect of ea¢h furkj. The principal furvjing sources duriw was Vol￿tal[lY dorAlk>ns as a resutt of of moth publlclty. Transa￿0￿• posloon financial staternents a￿ set ¢xrt on pages 9 to 15. The financial statements have been prepared imp18menling with Charities knt 2011. ttle Companies Act 2006, the Memorandum and Articles of A&wciabon. aThl Acc(Kmling and Rewi"ng by Charities: Slalwnent of R￿rnmended Prdclice fFB1( The St*rnent of Finartial Activibes incLvne of £29.782. (FxiLY year net inccffie £125,497). Tr rna1￿1ty of Ihe eXperxltl￿ is S￿ delrvering the charilth activilies as slated in the Charity's ams and rt4'eckn&s. Al Kawthar Acathmy & Subsidiary Undertaking Annual R•port ofth• tru¥ts•y fw the yw 31 DKemb•r 2022 Sp•dfic changes In fixod aswts The bwd of trustees is Sats'￿1ed that the ch*'s assets in futkl we availaNe and adwte fulfil its obligations in iespect of each futKI. Changgs in fixed assets ar8 sho￿ in dthl in tr* 1) a￿>￿1￿. Al Kavlthar PrcKluct'ons Ltsj gw*8rated a net10&8 of £21,157 in 2022 (Pri￿ year10$5." £17,097) detsils given in Note 5. The wncipaf activty of the company durirKJ the year was that of the promoti of audio lecty￿ and VAiltsn material, Ihese acÉvrtses c￿trIbuted *) cre*irwJ avrdreness and promoong the ¢haritatAe 7AYJk of Al Ka*th8r A¢*my. Share Capitsl Thg ¢ornpany is limited by gu¥dnleg aThl tr￿fOre capil Th8 mambers of the Bo*d of Trustees of Clwiity dwing Il* ye¥ ¢rVj￿ 31st December 2022 :_ A Rahman M A Rashid A Memi All the directo￿ of the CoMp￿Y are also tsustees of the chai?ty, and their resporBibilities i￿lude all the po￿lbIlItieS of directOJ5 under ts Conw•es Acts aThl of b￿lee$ the Chan'b'e5 Acts. The ￿l￿tO￿lInk￿lees ill n￿nber¥ of The memberyts of the BO8￿ of Trttstees of the Ctsity at date the wrt arbj accounts approved were... A Rahman IA A Rashid A MenN Bankeys Natwest Billningham City Cenb? Brar￿h Birniryjham The charity's I￿￿tee5 aTr ￿po￿lbIe forthe pTepar*ion of ￿cOUrt$ in ￿lI￿anCe wth the terms of the Charilres Acl 2011 a￿1 ts Clhqnlies ar#J Repots) Reg￿?110￿ 2Cth. Noi*yth$landing Ihe explicit requirement in the extant statutory reg￿*10nS, the Chaities (Accounts ard Reports) Re9￿atIonS 2008. to prepare the financial st*ements in %co￿arte with best p￿￿'te arxl prwar& the &co￿ts acco￿lft9 to the Charities SORP. In particular, charity law requires the Trustees.rf they prepare accounts on an accruals basis.to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the final￿la1 year and of the surplus or deficit of th8 charity. In preparing those financk21 ststsrnenls the Tnjstses are required tr):. To prepare ￿co￿ts in acconlance ￿th Lknited Kir#Jdom Generally Accepteis ACcour￿rIj Prnctice (U￿ted Kin9dom Accounb"n9 Skndwds and applirable l*vl Selecl suitable acMunb'ng policies ar#J apply tlw corsiskndy-, Make judgen*nts and eslimales that are reasonable pNdrt aTh Prepare the financial statements on ts going coneem basis unless it is inappropriate to presume thal the ¢hwity will con11￿e in b￿lneSS. Stale vthether applicable a¢cOL￿ting staThlards aThl ststements of recommerKled practice have been followed, S￿18¢1 to mthial dw•lures disclowj WKJ 9xpl•￿j in ts fI￿￿la1 slathenls.. The law ￿￿1r88 that the t￿￿te85 must rnt oppivve accounts u￿85S they are s*isfled Ihai they glve true arKI fair viav of ￿ state of affai￿ of the Cha￿ aThJ of ￿ surplus or def￿11 ot charity for lh8 year. Al Kawthar Acadmry & Subsidiwy UrKlortaklng The Tru5tee5 afv also resportsfoFe for maintarr#TrJ &j￿uate xcounliTrJ wluch disclose 7hilh asonable accuracy at any time th8 firtancial position of tl* ch* *thtch are suff icient to show and explain the charity's trdnsactions and enable thwn lo that th8 fin￿￿la1 sLqtanents comply with regulations made ￿dfj[ Ih chthty IwJislal"on. aw4 Iso resportsible for Safegua￿lir￿j ts assets of the charity ar¥J herKe for taking reasonable steps for the pmenlion WKI det￿tIOn of f ra￿1 and other irregularities. The Tnjstees are also responsible for the contents of the TO￿te&s. report *KI the countant prepariry the has no Tr5porsibililes in fftlation to the TN51ees' repo financial slatemerts have been Fxepared nntAementing Ihe St*ment of Recommended Practice for Accounting arKI RepxxiirvJ {FRS102).These aCC￿nts havo been prepared in accordance the provis(Th in Part 15 of the COMp￿des Ad 21K6 aKI SORP 2019. Mr M A Rashld Dlrector and Tn 26 S•pknb•r 2tr23 Al Kawthar A￿demY & Subsidiary Undertaking Report of the Independent Accountant lo the Irust•a8 on the accounts of Al Kawthx Academy for the year ended 31 December 2022 We report on the fiFkincia stat￿nty￿ of fv dwity on page5 10 to 16. RgSP8Ctlvg rosponsiblllllos of dlreGtt¥rs and ex1￿[ner The trustees {btho are also the dlrectots of the companyforthe pU￿o¥es0f Gornpany law) are r8sportsib for the preparation of the accounts. The tr￿￿te&S consider that an a￿JIt is not required for this under seclion 144{2> of Charities Act 2011 (the 2011 Act) and that an iThJependerrt exami￿￿10n is needed. The charity's gvD$s income did not exceed £29).tX)) and l am q￿lfIed lo undertake thè ex8minalion by being a qu￿rfIe0 member of th8 Association of c￿le￿j Certified A￿OUn￿nIS. Having Satisfi￿ myself that the chm is not subject to audit Compary1￿1 ￿ is eltgible for independent examination. il is my responsibility lo: examine the accounts urwjer section 145 of ts 2011Act to follow the procedufes laid down in the gew4 given by the c￿ritieS Commission under section 14q5llbl ol the 2011 Aci to state Vh￿ther partiGdar mattws have Gome to rny attention. Basis of Indewdenl examin*s report My examinalion was carried oul in accOrdw￿e *ith the genera DIr￿tionS given by the Chaiily Commission. An examination inclLA1es a revie•V of the accounting words kept by the charity aTra a ¢omparison of the accounts Presented with trjse recor(Is. tt dso i￿ludeS considerdlion of any unusual items ordisclosures in the accounts. arKI seeking expl￿￿10n5 f rom you as Irustees conceming any such matters. The p￿ced￿￿$ urjyertaken do rnt pmvide all the ev￿￿e￿e that be required in an audit and wnsequently no opinion is gNen as to *thether the accounts present a 'true and fair view/ arKI the report is limited to tkL)se matters set in the next ststemwrt. Ind•pendent Examinerfs Stal•m•nt In connection with my examination. rK> matter has come to my attenlion: (11 ￿1¢h gives me reasonab￿ cause to bdieve th31 in any materiat r8spect of wuiremwt$: - to keep accountiTr3 reco￿$ in acconlance ￿1th section 386 of the Companies Act 2LK6 and - to prepare accountswthich accord with the accounlir#J r￿ordS. comply*ith the ￿)untIng requirements of section 396 of the Comparues Act 2(K16 aTrJ with the methods aThJ pri￿lpleS of the Staternent of Recommended Practice: Ac¢ounlirvJ and Reportirwj by Charit￿. The Examinefs relevant professional qu*ification is: c>Wte￿j Cthtified Accountant Virtus Financial SeNices Chartered Certified Accowtsrts BimiirKJham The date upon wthi¢h this report was completed is:. 18 Septwnber 21Y23 Al Kawthar Acad•ry & sU￿lary Undertaklng Consolldat•d Ststem•nt of Financial AdlvNI and Income & Expendlture Account for lh• y•ar •nd•d 31 O•cemb•r 2022 Funds Furrfl• Fundo In￿￿0 Donab"ons le9acie¥ coTh fvom ctjarits￿8 xllviti•S . 20.￿1 143.889 1,531 143 19.483 223,720 knvestrrtents Totsl Incomo Expendttur• 212h20 291,2•4 Raising F￿¢3 Chanlat40 actlvlts" 14.312 1e8.328 14.312 168.326 22,912 1417 Tolal •xpendllur• 182.638 182.638 165.707 Not InMmel(•xp•ndllurg) and n•¢ mov•m•nt In fvnd$ for lh• y•ar G*nslllosses} on Rev$lL4¥ion ofPmp 125,497 443.873 Not Mov•meDt In Funds ,370 Rq¢on¢lllotion of fimds rotsl lunds brnught forward 1m5.437 1.035.437 416.067 Tol•l Funds ￿rI1•d fornvard 15 1m521• 1,03S437 The stalemenl of financlal &tNilles includes au gans S￿1 kngses rtogr#zal in the year. All ￿Orne and expenditure derfv8d fft)m cortiNrnJ ¥tivities. 10 Al Kawthw Academy & Subsidiary Undertaking Annual Report of th• 1rngt*as for th• •ndgd 31 tlownb•r 202Z Al Kawthar Academy & Subsidiary Undertaklng Consolidated Balance Sheet as at 31 December 2022 2022 20 Group Charity Group Charity Flx•d assets Tangible assets Investments Tolal fix￿ ass•ts 159.4 159.4( 509.W S)9,511 668.915 668.917 163.816 525,862 689,678 163,616 $25.864 689,680 10 Current assgts Stock Oebto Cash at b* and in harrfl Total cuffent assets 11 12 6.789 144.S74 9.111 142.624 141.348 141.136 103 Creditors: . amounts due knithin year 13 (10.022) .420) 13.470) {3.267) 366.284 378,683 366.286 347,456 Total assets less cuffent IlablllOTes 1.085.268 1.047.6 1.055.962 1.037,136 Creditovs: . amounts due after more Ilw one y 14 (20.tM9) 117.180) {X).525) (17.656) Net assets The ffunds of the clwytr. 1.CfJ5.219 1.030.420 1.035,437 1.019.480 Unrestricted rev￿U8 ￿L￿n￿ated fw 51Y2.012 365.076 346,2￿) Oesignated fixed asset funds Revauation Reserve 119.333 443.874 122202 443,874 226.487 443.874 229,356 443,874 Totsl unr•stricted fvnds 1.Cffj5.219 1,0￿.420 1,035.437 1.019.480 Total charity funds 15 1.1%5.219 1.030.420 1.035.437 1.019,4 The tusÈes have prepared group attoun& in actsJntant* secknn 398 of the Comp8n*s kt 2006 and sec*n 138 01 tse Charile$ 2011. Audit Exemption For the financial yaar in question thg CA)mpanywa$ èntiw ty exemption urmlor sèclion 477 of thè Companies Aca 2006. relating to srnall companies. No members have required Ihe companyto oblain an auditof its accoLtnts for Ihe year in q¢Jestion in accoTdanc8 with seclion 476 of the Companies Acl 2006. The direciors acknowledge thèir r¥$ponssbtlity for ¢omplyin9 with tho requirements of th¢ A¢tvMth rtspectb) a(x*)unting rt(x)rd$ and forthe preparation of the accounts. These acc4)unts have been prepared in ao)Jrdance wilh the prow%ons applicabl• b ¢omponi•s subj*¢tlo th¢ sm411 ompanies ffjgime. The notes at pag•s 12 b) 18 lorn? partof 8￿nts. TrusteelDlrector M A Rashld Approved by the board of trustees on 26 S•pt•mb•r 2023 Al Kawth¥ Acadomy & Subsi(fwy Undwtaking Not•s to the ateount8 Ats*uniing pokk¥8s The f￿￿n(lo151*te1￿ffttsh*￿ bw pwMrEd vAh andPwots¥ by f*arii•s.' of AewffwreTrJed 8ppkAb￿to charitNand Conp•￿sA￿2t￿As8•trandWlb1l￿￿s￿rWr•t(w￿daE￿Orta1a￿￿Itr&Th$aC&)fiV￿Mw uTrl8B80th• s*818d Ni Iha r8knv8nt aceountiTrg po* not8181 Advants9ehasbeenlakenolSoctx*Tr3*SlotThe Ctyryan*sAd2006tO8knth•lonrot ofthè fm8nc*lslafeThntslo be•J8ptedtoref&# the tsf Ihè thaws aperattin and li orfèito Éthry*TA￿h the ol lh• SORP. The partrutswaccounliw po￿# adopted ￿lO￿t beknw. b) A¢tt)unthq ¢onventp)n Th• ffflancial Slalemèhts arè prnparnd. wr**m ba5&. Uhd•rts roD¥•nlknn. Inwfflkng Jgstsurt¢s ar• K¢•unt•d form • b•$ InV8St￿nt Inco Rontsi incorm L8 kn the hcofft? and •xpefid•uM ato)uM fb•t of**l•¢ibft thaffj•s baÉk. cl Rewgnlh)n 01I8bJA*s guklan￿ S￿en lh• Slalamnlol P￿rIM￿nd•1 Prn¢lK• f0[A￿N￿g￿nd R•ptytrg wu•d by￿ Ch8ty C4yrriwnernlor ETh9￿ & Wa*s. d) E¥p•ndkurn ID partfv)Jknr Ihe pofry for hthjduig c•stsofworntkn9 knd& cbarAabb afvd 0)¥oMa￿ o)9ts15.' •) R8isin9 fvnds The trJsts ol and g•ri*r•tiw fumos ond aThJ •d¥* lees wpedof Charilab&• •xp•n(fituTr shal kn(lud• 4l•y4>•nd•tsTr ffjblod lo tho obpctsoltho ¢h8ty thckndi79 Iho fokn*ty :. Thgf*)StofgoodsaAY so￿•$?￿￿1•fJknrylBdfftg¢0$￿lhRt￿ts￿￿OjryOd •ch¥lablèa¢#￿1*$>MysIaff¢os1slnojIedaS8 ¢08ls of 9) Govem8llL¥ Govèmanc* th)$15shall￿c￿d¥44¥xPOnd11Th￿TrwffiVj￿￿ kn Iho ofth8 thWsas80ts and thathblo aThJ #ofvlory rnqUUBrr*nt& TheTe8ro8 nun*&rol£•sts. iw*ctubkntob*)r•I•th•xrAbStsprB￿tybO1w￿0dth1¥bBi¥ffj w¢It• tnJ*aaS havè altscalod suth Ihe ol roasoThwbb estmweg as fo*M:. Stsffing L¥JStS 8Ad ￿￿ted e4*n*¥ of regou￿*S. Gmup FknartAiI si•i•m•nts on8 Iwièby Lne basis,￿ atcofilanEewkn5vJ￿Pnt*gb*tI)n.Thfr StstenwtolFinan¢ialArlthsffj(*Jd&slheww*and bsvJrdrywry8ny.A5eP8BtrSt*•n￿rt0fFfft￿13IAcf￿￿10$.o*IlO>rnandeXpalthlUr* acts￿M.10rth0th￿￿l$*lI1S*Oi pr*en*d Ihe thorty has taken advanla98 01 the 8Aeww¥Jn6 alloNl•d by se¢l•)n 408 of tTh• Cofty•nvsA¢* 2￿. Ile 3 gryes latsibof Ihv ir*om• and •xpofidlLM• ol Iho wb5hligry. Kavrth¥rPwdudknns Ud * L)JnskJar8d to t* an part01￿ ed assets and dg#rBawtbn rwteg in Ortter￿ off the as88ts rnsKlu•l lowrlh•Y•51Mr¥t¢d uwfvl•ry)rtomr Fwhokl Lqnd and buQdlngs O¥etS0 yoars P￿fil and Machinory (knr 15 Yfra￿ stravJb¢ basls Fr￿UrD$. fittngs O¥eT6 th9ht baSPJ Ke eou*w*ni th*r4 ytrafs str•iJtht kn• b Compulei E•U¥1mE￿ CKw4 thyhl kne ba* ki In￿$￿￿nt Lon8t•m¥pmslTrnotsapdasgthd￿knda$S8￿and#1al1da1¢￿￿Y1ft1VaI￿.Th￿Ye•1tht of wbsA*•ryuhd•rta*ry un&si8d lftv8stmJnl8. Sro£* Stocksand *Drk1nprO￿$%0￿ststeOalth8 k)**fof¢ostand notrnals•bknv8kn.￿Tr1￿8I￿Va￿O1&b1S•dU$￿)TreStsfflIfydÉ•I1ft9 prke b56 luTrther¢mts oxpecled lo b• inwrr•d to r3Jffpknlp)n and diyuL Al Kawthar & Subsidiary Underlaking Annu￿ R•port of the Irusts•s for the yow •ndod 31 D•wnbef 2022 Noles io th• •¢¢ounts 1¢on￿n￿•d) ml T8xatK)n Asa registeFed thaty. lhec￿Tryis¢xe￿IfThn•￿￿E8Th0 ￿￿l￿taxI0theethlthD¢15fftc￿* aThdgoms8rpapOrabktoch•*#* puTrosè&onW. Va￿eAddedT0xi%mO1rn￿￿rèbf8 byth•o)w80y.and $thweftyeincknded ￿￿e￿*VanI0)St8xlth8 Stat￿*￿1 ofFh8ni* AclMI*s Trl Funds s1wc¢u￿ Th&¢haty￿￿1Trtskn$O •rneAp•rda*4tth¢i*5gEti4n ofihebu5tee5infvrthn￿ of the obje￿5 ofthe (*arity. Such lurnjs ffoy bo oolerto fffiarce bdh and caM81 ￿yeSt￿ert. RestrKtB¢J ltsnds W twJ) p￿￿dedtts lhotha￿YfoTparttij1arPUIP0ses. and *15 lh& pd¢y oflh•bo8rfofinJsteesloCatofufylhèt￿nttor th88ppkationoflhos8kn li a￿￿anCe lh8ffjst￿*)nspk3c*dUpOnth¢ftL ThoChatyolpJwsfrrtholSsnorv5titlfrd fvnis. AOos•3f*bd fLXedaS5•tl￿ l$rr¢inlat r8preSentsthe￿lll¢#ifo** v8tyJooft8ngl)to fLqed8SSe￿ There isnofofft*l poly0f￿nsrertse￿￿en lund$oion th&alk)co￿)n offuTrl4 lo (lo￿gnale￿ funds, oth*r Ihan thal de#￿￿d 8bo*. pwo¥ed vansfwbth*On funds tADL*1 be ¢on8Alwed pa￿￿j1￿ 2 OhficlW5UTplu% fDrth• financlal ￿•1 2011 2021 20.760 12.462 Tn•Jle• Exp•rt8•• narKlal tyathtlty Soclal ￿119[• A**1 Ttti*l 20 Tol¥1 2021 Oonalhryns 22.156 22.156 141.890 19.483 1￿.933 8.986 48.000 6.855 274,257 141.850 Go¥emrrenl Grnnt In￿s￿￿TrI Tr3ding". SL*shlkry Tolal Ino)Th 48,000 414 48,414 414 ?12.420 141.850 22,156 S Sub8l**•ryln¢•m• atsj •xp•nthirt 21 Tumo%*f 414 6.8SS 6.855 Total Irad￿9 Kl(XV Exp¢ndlu +4•1 PtrJfiVQossltrlhe lthanci* ykar 21.571 23.952 157 Turn￿r E￿￿81￿}n ol inteiTes offohJff*nrs kn 8x¢wJ8 of£80.OLX) pqfannum NqAhgrth• INs1o•8 noranypots)ns conn•#Ad ho￿ any rnnpJnoR*Jn. ethorkn thg gJn¥nlygaror tho p￿r Year. Frn•hold L*bxl •rA1 Pl*rt Ilbchln•ry& V•N¢l•• *x4•tCost Al 1 2022 Addit*sns SPOS8 At31 D•Mthr 2022 243.784 15.928 259.712 243.7•4 15.V• 25•.712 Ar￿uMU¥l•￿ 08pTr(*tbn Ai 1 Jontrary 2022 Charg8 lor th8 ye4r A¢ 31 Dg¢ombor2022 15.928 95.896 4.410 1•0,306 M37• NBt eool Vth• A131 O•¢•mhr2022 At91 D•Mrnb•r2021 159,406 163,816 163.116 14 Al Kawthar Academy & Subsidiary Undertaking Annual Report ￿ th• truste•s for the year ended 31 D•cembw 21J22 Fr••t￿Id L•nd Pl•rt V•hlclos Tatrl h•rfty A6t•t Cost At 1 January 2022 Addith)ns D*posals 31 D•c•mb•r 2022 243.784 15.928 259.712 2U7 15J28 259,712 Al 1 January 2022 CharyE fof the year A¢ 31 D•¢•mb•r ZQ22 79.968 4.410 H37• fS.928 95,896 4.410 100.J)8 15.921 Net BDok Value At31 O¢¢•mb•r 202Z At31 Dec•ffl&•r2021 159AOS 163.811 159AQ6 1￿.816 Al assets are used ford•Ed thartsb* pu￿088$and no orhertag? a$8et8 15 Al Kavrthar Academy & Subsirfwy Undertaking Notts lo th• ar￿u￿1¥ l¢onth)u•d) 2022 2021 T•tal .059 625.861 Oow•clall•n Valu? 4t31 D•¢embo {16.3501 116,3501 5•9.511 Th• Broup lus•.n* l••s• p•r¥ wlth an •pOan 1••5• •ft•r Ih•t dab. 11 St• 21112 X21 GO￿810r￿Sa* 6.789 9.111 12 D•tthr* 2022 2021 •tty Gnvp Cho knYJunts fiDm wbsYJ*ry Tr8de dqbto Othev Debtrls Pffepapj oxpen885 113.574 31.000 1 10.348 16.467 16,467 31,C 27.000. 27,(YJO 144.574 141.341 4JM7 4>.467 9•22 2021 2021 T4Bdg 10.022 9.420 3.470 3.267 14 ¢redl*N¥ :.Afflwnts •*•r ￿ y••r 2021 21 2020 202• UA8atsJrnd Loahs fyom thid paths 20.049 17.160 17.180 15 L••8• 2022 2021 Less Ih8n onè ￿•r eM*on one and Ihree 5*8 H￿re than thr80 yea Total 48.0￿ 96000 96.om 144.000 11 0148*•ts arAI Il*blllll•s At31 oK•￿r 2•22 Tanglbb Ftsed As8ets In￿$t￿t 159.406 159.406 Cuffont A*8*ts 426.375 16 420.375 Al Kawlhar Acaderny & Subsidiary Undertaking Annual R￿Ort of the Ifustws for the year ended 31 December 2022 Cwrnnt Lob 0,0221 110.0221 0.0491 1.065.219 Lon9 Tern LAibth$ 0.049 416.353 t7 EmJo*m*rtFund# Iho chaty had no ev￿o￿￿nI1￿dsin th s*•rendèd 2022 th• >*areffid￿ 2021. 18 8hAr4 ¢apltsl Thè by9u8fanho thush88 sharn (¥ptsL l• Ihlotsd P4rty KMYhtharPffjdu(tsns Ltd ￿b￿j1¥Y ofAI th• >*ai•ndod 31st L*c*ffkntsr2022, hj Ka*lh8rAtad8*w was M inter￿MpanY¥8￿￿ Thtr tharty i5inCryOrnt•d undwth• and bygiiaiants8.