.IIEGISTEIXED. CHARftY NUMBER: 1115318 Report.of the Trustees and Audtted Fhlanclal Statements forth& Year Ended 31 March 2tr25 OMID FOUNDATION AKS A(fvlsers Limited 1,415 Lower GrosverK)r Plaoe L.ondon SW1W OEX
OMID FOUNDATION Conlents of the Flnanclal ateffnts FOR THE YEAR ENDED 31 MARCH Page Relar•nc&.and Admlnlstralve Datslls Report of the Trustees Report of th• Indepondent Audltors 2 to 4 5b8 statsment of Flnancl41.Actlvllles B8laD¢e shaat 10 C•sh Flow Statemwrt 11 Notss to the Flnandal Statam 12 10 18 Detalled 8.tatwnerf ol Flnan¢lal Acttvltles
OMID FOUNDATION Reference and Admlnistratlve Details FQR THE YEAR ENDED 31 MARCH 2ty TrUST&S Mr A lttiFk<ieh m.s Fl Halati PRINCIPAL ADDRESS 63 RuUaTrJ Gate Lorthn 1115318 NUMBER 4UDITQRS AKS Athlsers Llmited 1&15 Lcwer Grosvenor Place LorKk)n BANKERS 55 Ker"ngton High Stre LorK*)n W8 SEQ
O.IWID FOUNDATION Report of the Trnstees FOR THE YEAR ENDED 81 MARCH 2025 Thq tylteE$ pt8.seDt thelr .repDrt.. wth the flnonclal Statements ol trE charlty for the year ended 31 MarGh .2025.. The trus.tees ha.ve adopted. the proV!sions. of AcGourrting and Reporting ty Charilies.. statement,of Recommended Fjractlce appllcable'to.olprftles preparlrvJ thelr accounts In accordan with the Financial Rep)rting Standard applicable In the UK arKS Republlc of Ireland (FRS 102) (effectNe 1 January 2019). STRUCTUR4 GOVERNANCE AND IIIANAGEMENT Govemlng document Omld Foundation is a Gharltsble tNst established In April 2006. The charity Is ¢ontrolled ty ts govLYnlng document, a deed of trust dated 26 Aprfl 2006 and consts'tLrtes an unincorporated charity. It is reglstered wth Ihe.tharfty.CommI881on In th8 UK and was aranted Gharitabie status Iw the Charity Comrnission on 14 Ju 200È. Organlsatlonal structura The trust deed allows a new trustee to be.appointed at ary time elther Iw way d replacement or addltlon. A trustee may te apFolnted or dlsctrHrged ty a resolutlon of a meetlng of the trustee4 provlded that memorandurn declaring such apFA)Intment or discharge shall be slgned a8 a deed, elther at the rnting the Ferson presiding, or Sn some other manner dlrected ty the. meetlng, and attested ty two other tru8tee8 present at the me8tlng: .When new trustees are apsx)Inted ar.e glven an Introductlon to to the work of tp trust.and provlded:Ni7.Ilh the lrformatton they néed'fo'.fuifil.ttolr roles, Whlch Snclude8 informatlon about the role of:triistees ahd cliafity law. Th8.Tr(JsfeeÈ meet,. kÉrlodlcalty as and When requlred. The Trltst work8 closety wlthiither regl8tered ctiar.IUè$,exF'rts and NGOS wh¢)se obJèQtlv.es.ovedap with its.mlsslon. Rlsk management The Trustee8 have a dLty to Identlty and revlew the rlsk8 to whlch the charty 18. exw8ed and to. eMure appropriate corttrols are in place to provide reasonable assurance agalrtst fraud arKI error. OBJEGTIVESAND ACTIVITIES Objectlves and alms The prlmary otyeotives of th8 Tru8t arfrthat.the.TrLEtees shall h)Id capltsl arKI Income of the Trust Fund upon trust for promouon of, educatlon and rellef of Foverty dlstre88 or 8ufferfng by provldiro assistance, support, educatlon and tralnlng and conductlng academlc research on dl8adant8ged young women throughout the vrforld. The TN$tees shall not'apply ary of the Trust Fur dlréctly in.rellef of public funds, but may appty the whole or part of the Trust Fund In.suppIemenftg PUbTlc fund8. T.htt Trustees may., In their dlscretion, for Ferlod of 21 years from thè date of Ihe Deed,of Trust, instèad of ap.Ong the Incomé of the Trt in any yeat, accumulak,all or ary part of such irtome as an aGGretlon to and as part of tr caplkl of the Tru4 wlthoLrt preludlce to thelr righf.ttr appty the.whole or any part of Such accumulated IrKome in any 6ut6equent.yeara'è If Ihe saiTle'wère11itroJné Of th8 TtU8t artslng in current year. 8lgnlfl¢ant.actlVftI¢% Wthin the.pararnètèrè of Its,.oPJe¢t til Plt)mOte Ihé,.educatiait.and the. rèlief DI, P(fverty d5stres6.'or.suff8ring ty provlding assistanGe support education afKt tra'inirtg to and wnductthg acadeknic reseah"On dl8ath*antsoed young women throughout Ihe vnrld, the Trust's maln acvitIeS are: (a) Improvlng its'.undèfstarKIIDg:of l(ical Isèues of the geographical areag in whlèh it is active,through the assistance of profèssionals wh) have expèrt knowledge of those locallJes' (b) tralnlng of its own staff., (c) implementing proJectS-acfvltle&programmes in th.ose localities ty either.ImplemeD¥r)g ttrem itself, implementing them In collatoration with other NGOS and expertslpro.fessional,' (d) avrarding grants to olher NGOS or expervprofessionals in order for them to Implement t1r programmes. (el training freelance professlonals and staff of the other NGOS on trauma-lrfomied care and other areas of tre Trusfs exFertise: Duriru tre year urKler r8YieW,the Trust disbursed £252,699 f.or the aL¥)ve described pr0jects-act.1leS-prOgrarnMes. Publlc beneflt The Trustees trove rEferred lo the guidance Issued ty .the Charity Commisslorfs gen¢ral guidante on publlc benefit when revlewlng Trusvs aims and objectlves and in planning its future actlvltles. In Forticular, they .have corEtdered h.¢)w planned act.8 w:111 wttribute.to the alrns and otye¢tk#PS set Page 2..
OMID FOUNDATION Report of the Trustees FOR THEYEAR ENDED 31 MARCH 2ff ACHIEVEMW AND PERFORMANCE The Trust VrI(S elosety wlth numerous exprt4 wofes)THL .irtstittrtions, orprdsatlons. companies arKJ NGOS to ImFJéiner& its KKojeGt&acbvitie&progrdmmes. It also works wilh volunteers of all ages erther proyEde prlm)no 6eNces to the T.rtm.t or 8pearP•d awarenespwrvJ arKI furKtsigiry Iiwfiatlwp.$ for tr Trust's projects-actfvitles-prograrnmes. FINANCIAL REVIEW Flnanclal posftlon .Durlng tre year, T,rLBt trB¢. revenues of £2,04? (2tr24' £Z48,319) frn Intete81 eamings, Gift Attl refunds, donated seryices arKI furKls ralsed from the Gwral wblk arKI other agerKjes,. and di9bursal 52,699 {2024: £229,.548j to cOr its ovm'operd6ng expews, carryout research and tralnlry qdrrflt'ks, as well as proJects-qCt6vltles-proJrammes ff)at it has selected to suRy) As shown in t1. Slatement of FinanGial Actfvities, TrLt stlll W funds of £535,551 (2024: £585,207) wlll be used for Ihe Trusf$ prOjectWS-WQgramrne$. PLANS FOR FUTURE PERIOD Going forward the Trust wlll continue to develop programmes that txovlde marginali6ed youro women of tr Perstan speaklng w)rkd. and tts adults wth with Skil arKJ transforrrotsve knthvledge ttrat promote equily, lrfe sldlls, emotfonal intelligence, and cornrwnity eThJagement The FgramMeS.wl1I.emF1jWer young women dlredy arKI Irdrectly, ty worklrg both wlth the yOuJ rnen and wlth thelr olosest 1rrf1uerer8, wh) are typ'calty tBrerts, educators, cariro adults, mental health profe8slonals and the communty at large. Er6¢giru b)th with tr young women'and wlth thetr influenGer8 has a Mt1p41er effect that Increase8 exporErtially tF Impact and effectfverpss of Tnfs'work The alm is thus rnt only to emp)wer youro women bjt to also Establlsh a txoad tese of seif-tlp'and pw 6UPP)rt capabilitles aGross trE crnunty.This wlll rnt onty create a group of yr)ur¥J Women With'seV-IElp arid peer 8UPWt sldlls, kxjt also empwr youna marglrralised wr)men to move from a, 'ICti, sorlpt.to. onè of "survfvo¢' and developa%erEe ol Identity and selfa trroLgh sFdlls lIdIng and sxer.courisélllng ¢.roUP. Afl programs dolrrferJ onltrE whiGh mrts ttot yogram terdtciafles () rnt need to te based In sFeclfic geographlo looatlor6. STRUCTUR4 GOVERNANC£AND MANAGEMkwr Govémlng documwrt The charity Is controlled l¥ ts govemirg (k)curr¢ a deed of trust and eon8ththes ari unlncorFmted charlty. STATEMENT OF TRUSTEES RESPONSIBILMES The trustees are restt)nsible for sxeparirg the Report of Ihe Trttstees arwj fila1 statements In accortsnce th appliGal4e Lqw asld United Klrydom Accixjnting StarKlard6 (United Kingdom Generally AGcepted Accountirg PractiGe)' Ir111r0 Finala1 Reportirg blarKlard 102 'Tlp Fironcial ReFQrtlng Slandard appllcable in the.UK and Republk of IrelarKI" The law applicable to Gharitss In Er0r#I arKI Wales, charis Act 11,.Chanty.(ACC0Unts and. Reports) Regulations 2008 arKI the provisiorB of trE trust deed requlres Ihe trlt.t0preParÈ finah¢ial siatemènts for each financial year which give a ink arKI fair view of 6tate of affairs of th'e. charlty arKI of the incornir resources arKI apF4lcation of resources, Inc1ng1he Incoff aTxI exFe1tU, of trE charty for that.pertod. In pryrlw th0goflrorj stateffRnts, trltee8 requlred to selecf $Ltsle.:aco0Lfftong Folkks andtt¢n apw ItM cortsl8tenty,' observe the methods and win¢1e5,7n fv. CtrorifySORP; Ake Judgemerts and estlmate5 that are reasonable"arrtl prnt. State whether appllcable a¢untIng starKJards have been follo1, sulyéd. to ary .deF*rtu.res dlsclosed and explained In fInarla1 statements; eFare the finarjaI statements on ts golrg concern Ixsis unless I Is In8PPtoprfate to presu.me ttHt the charity will cortlnue in t)w'ness. Page 3
FOR THEYEAR ENDED af MARCH 2tr25. STATEMENT OF TRUSTEES. RESPONSIBILITIES - continued The truslees are resporBible. for keeplng proper acctymting records wlmch alsGlose wlth reasonable accuracy at ary time. the hoor11 FKisilK)n of 'tlE dwity arKI to erable trEm to er6ure that the firollGial statemertts cOmY with the Charities Art2011, trp. CtrArity (ACcots and ReFQrts) RegJkt#)ns 2008 and the pr(Nisions of tts trust deed. TW are al80 reswwbte for safegLrIng ttrE ass.¢ts of the clwrty ar herKe for takiro reasonable steps for the preverttlon and det&)tion of fra ar ottrEr irTegularitle6. In so far as the trustees are aware: - tkEre is no relerdnt audit inforffotion of lCh is una4Ydte; and - the trustees have taken all steFS that.ttw ought to have taken to make tnSelVeS aware of any relevant audlt Information arKI to establlsh.trot aLttar is aware of trwt infomRlton AUDITORS The aLklltor8,..AKS kn18er8.wlll WOFn8ed for. at the fortrrnmlrvJ Annual General Meetlry. Approved by order of the bc*rd of tnthon 2 tkncerrthr2J25 ar#S slgrRd on Its behalf W.. is Ni Halatl - Tte8 Pdge 4
Omld Foundatlon Oplnlon We hawp a(hJited Ibe fironci41 statements of Omid Fourthtion (the 'charty) for the year ended 31 Mah 225 ythl¢h. comFYi ts &aterypDt of Finarrnl Activitses, the Balance Shee( the Cash Flow statement.and notes b tbe. fiDar¢i4L.ststerrJerrts, 1lu1rJ.a sumrrrary of significant aw)unting policie8. The firondal reportlng framvwork.that has kEen ar4)tied in their preparation is appliGalJe law and Unrted Kingdom AcGountlrwJ Standards (United Kingdom Generalty hxeFed Acctyjnilrg Practlce), Including Financlal ReportlrwJ Stan(krd 102 The Firrdncial ReForknro Standard a&VIcae in UK arKJ RepU}IG of Iretantt. In our opinlon the flronclal statentS. give a tnje and fair view of the state of chartys affairs as at 31 March 2$ arKI of Its Irmming resources aThl.appllcatton of resources, for tts then ended; have,been propetyprepared Ih accordancewlth Llrllted Kingdom Gerptally Ac(x)unting Praclce, ltsluding. Financlal. Rewrtirg Skrthtd 1lr2.y., RewJrtirKJ Stanthr.d appIlble in.h. UK and Republio of Irelantt;. arKI have teen weFared In accordartt wAth requlrenwrts of the Charities'Act 2011. Basls lor oplnlon We coThSucted our aL#Itt In accordaFJX 4th.. Irtterrnllonal Stsndaffls on Auditlrp ' U. KJ. (ISAS (UK)) arKt appliGable law. Our resFK)rtsii41ities uTrJer tlx)8e stsntsrts are furtlr .descn "" lrt the AthgitoTs' resFX)nsit41th'es for tre au(rrt of the firorokl Ststements section of our rewrL We are indeFEndent of the charlty in 8ccordarts wrfh ettcal requirements that are r.elevant to our aLKlit of the financial statements In thp Ul& InGludfng. the FRC Etrmcal Stan(r¢ and we have fulfilled our other ethioai resportslbllrtles in accorfAnce rfth thesé requIrerfts. We ixlle.trt trt alft ffrfidence we have othlned is suffKlent ar approwhte to provlde a Lvsls for ¢>Jr o&xrdorL Concluslons relatlng to golng concern In audttiro the financial statemerts, we h&oe concluded trBt trustees use rf the"95Iro con¢em bask acoourrting in the preparation of the financial statemerrts Is apwopriate. Based on.the Y.r¢e ha perfgfffied, wp tove rKJt Identified any material nrtaIntleS relatirvJ to events or conditlorE ttpt, jndiVJdually or colleclivety, may cast,8lgnificant doult on the charivs aty'lity to contlnue as a goirg corKern tor a'Feri¢xl of at least t4ie]ve months from wtrpn flrAnclal statements are .authorised for Issue. Our respTh8lblllUe8 ar#J resportslbllftle8 of tr.trta8swth respct.¢o golryd corKem are deJcdb8dln ttr relevant 8ectlorB.of th18 reporL Other Infornwtlon The Irustees a resp),rtsltAe for other lrformakn olher information cornlxises the Inlormatlon Included In tr AnNal ReErt. other trHn t"firarl 6tat8 ar•J our ReFKJrt of Irthpendent Au(thtors thereon. Our oplnlon on the firWnal ststemerts d(xs rK)t ciNer the other Informakn an¢ exceFt to the extent ottreThv18e exFlicltty stated In our rep)rt, we (kn rnt exFYe38 ary lomi of'assurarce conclu81on trEreorL In connection with our aujit of ts fir0rla1 statemerrts, ow tesporw'bilty is to read the other infomiation and, In doing so, corslder whetrEr the.Dtr£r Information is materially Irwnsistert wth tte flredncial statements or our knoivjedge obtained in thè aud5t:or otlErwise aR)ears to tR materially mi5Stated. If we identtfy such materkl Inconsistencles or aFFerent matwial rrateMents, we are required to determir@ VétRttpr this wes rise to a matèrfal misstemènt in the firEr1 statémerts themselves. If, Ixseci on tkÈ work we fRve Ferformed, we conclude ttHt there ts a material misstatdwt Ifas otrEr Intomwtion, Vt.arp, requlred. to reFort that fact. We have r>)thing to reF()rt in tNs.regar Page 5
Report of the Independent Audltors to th•Trnstees of Omld Foundatlon Matters on whlch wè are requ5red to report by CeptIon We have nothlng to reFy)rt Jn respect of tt)e following matters where the charle$ ¢AccoLmts and Rewrts) Regulations 2CM)8 requires us to report to you if, in our opinion; tho Informatlon gwon in, tho.ReFxJrt of the TnBtees Is incorffjistent in ary material resFect with the fInar181 8tstements::pr, 8ufflclent accourrtlng records have not teen kept,, or the firAncial statements are not In agreeEnt with Ihe acxountlng records arKI returns.. or VE have not recetrrfed all the Inforrrotlon and explanations we requlre for OUFaudlt Responslbllltles of trustees A6 explained more fully in thè Statement of Trustee8' Resp)rBilJlltles, the.tru6tees are responslble for preForatlon of. the ftrHnclal statements whlch gt¥*e a true and falr vlew, arLI for such Intemal control as ttr trustees deteine. is neCry to enable.the prepara11on of lInarla1 statements that are fr& from rnaterlal mlsstaterrnrrt, wkRtkErdue to fraud or error. In preparlng the flrranclal 6tstement8, the. trustees are respDnsible for asse881ng the charivs aljlty to continue as a going con¢ery discloslrlg, as apF4lcable, matters rela'ted to golng concem a'nd using the goiro concem basls of accountlng unless.the trustees. either Intend to liquldate the charty.ot.to, cease operatlons, or have no reall8tic alternatlve but to do 80. Page 6
Report of the Indep•ndantAudlto.rs to tho'Tw.stoe.of Omld Foundatlon We have been appolnted ¥s auditors urthr Secthin 144 ot the Charitks Act X111 arKI r.ep)rt In a¢cordqrKe with the Act.and re1ert..regUlati0rts made or IRVI effeGtthereunder. Our objectwes are to ottsin reasonab[8 as8UTarts abO&¥t£th.er the r.inarEial stateJr¢nts:qs a wlK)le are free from material misstatemen( whether due to fraud or error, 8fKi to Issue a kep)rt'ofrlhe'lrKleperKlent Audthrs that IrludeS our op'nion. Rea8orBble assurarKe Is a hlgh e1 of asSure, Ixd is rDt a guarantee that an audlt corKlucted in accor(kr ¥Mth ISAS (UK) will aw dett a material misstatement wfEn it exists. Misstatemerts can arise from fra1 or error arKI are Gor6idered material rf. Indlvidually or In the aggregate, thoy coukl reasonably te exFected to lrl1LRr tre econoffdc decisions of users taken on tFE basis of these flnancsal statemerts, The extert to whtch our Fcredures are caFeUeof ddectirg Irregularrtm: I1(KIl ftatmj Is detailed bel. Irregularltles, Including fraLKI are IrBtar¢es d non01nCe IMth Eaws regulatTorB, We deslqned procedures In line with our resp[bIlItIes. OUtllrd 'atw4..to materlal rrd8Btatèmenls In. respe¢L of Irregularities, including IraLMJ. We IdentifLed ateas of laws. arKI reguFatior% that Gould reasonauy LE &(kcted to have.a. matérial effect on the finarFki 6taternen from Our.. general commer¢.lal arKI Sector expefienc¢', thrO9h verbal ar¥1 vKltten Communioa.b'o %Mth' :tM08è 'charged With wernahco" BNI ot1r margement: 8Th1 vlq. Inswtlon Dr the ctHritie8 regulatory arKI ityal CorresrthrK. We d18cussed ¥th tfxjse charged valh arKI cther rrorfjgpmert th¢ PO¢8+ q.tKI. pr¢p¢ure8 regardlrvJ compllartt wfth and regulatlorff We communicated Identifled laws aNI regulatlorts to our team and remalned alert to any IrKlicators of nortrmmpnaw throtrt the audl we also specificalty cortsidered arKJ fraud may occur within the ¢tsrty. The FQtentlal effect of ttrwe laws arNJ fetyarA tr firArKlal Statemerts varles Gon8lderatAy. Flrstty, the charlty Is subject to laws arKI reguklions that rfirectly affect the finanGial,staternents . Ilud1rj.' charivs constitution; relevant finandal repttng star. charlty lavk. the statement.ol kecommended PraGtlce ap Icable to charttles weparing trEir acGounts In a¢cordanGe vAth FRS Y02 (Rff.ectlve from 1 January 20 9); and we asses8 the extent of compllartt with trEse arKI regitstlons as part of our procedures on the.related firkin¢ial.slaterrnt item& SecorK1W lh8 .cha'rlty, Is .$ie 10 mary, ..otrpr la? "arKI regulatiorts wPErp. the conse.quences of rn40MplIartt coulci he a". m'aterlal effect oh the. arrul. or dlscl(isure8'ln bxe firA)Xc"lal ,8tatemenlS, for ir£tsnce through the impositlon of fines and FerRIUes, or Ily0h1O8se6arIS1ftg fr0th.ltllqatttsr.. We Iderthfied the followirvj areas as tfnse most likely to ve 8LKh ari affecL' legislatlon dlrecty. 8PPllcaNe .tO Charftie8 sector such as Ctronties 2011, ernOyment leglslatlon; and saf.ety1è9ishtiory th'8 regulatoty. requirements of the Charity Commis8lon' arKI rna 'dOnatk) GDPR. anb11btrry ahd corruptlon leglslatlon; Intematlorol Aurfrting Standards (UK) limk trE.required procedures to identfy non<ompliance with the8e laws and regulatiorts to 'the [Yocures, an¢J no PredureS over and aiy)ve tse alreaty noted are require These Ilmlted pr¢Jx£ures dld rK)t Iderrtrfy eryactual or SuSted rA)n40mlértt 1]ch kws arKI regulatlons ttAt Could have a rrAterlal IM¢t on ts finrAl statem. In relation to frathd, we pprf0ed tre folthyi SFe¢ifK proGethJes in addition lo. ttrse alre4cty.rv)ted; - Challeroing assumptiors Hde ty marngwnent in Its slgnificant aCcOtIng estirnates - Identifylng and testlrg ioumal entries, In partlGular ary. entries FQSted 1th unusual rMInal ledger a)Unt ¢omUnation6," . Performirg arotyttcal Kxocedw to iderthty. moyements in account tslances .fythich may t IrKlicatfve offraL#I; . Ensuriro that testiru urthrtakenon tKth trrtslaterrert FlrT4ThxI AGtivJty,(SoFA , ar lh8 tB8lance Sheet] [statement of FirHncial Posltlonj I[Ude9 a ThJn*ernf item&'sèiectedAth a inn<l)m Page 7
Report of the Independent Auditors to the Trustees of Omld Foundation These procedures did not identify ary actual or SUSFected fraudulent irregularity that could have a material impact on the financial statements. Owing to the inherent limrtatiorts of an a(Klit, Ihere is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordan with International ALMliting Standards UK). For example, the further removed non-compliance with laws and regulations is from the events and trarEaGtiorE reflected in Ihe financial statements, the less likely the procedures that we are required to undertake would identify it. In addrtion, as with ary audQ there remairE a high risk of norFdetection of irregularib'es, as these might involve collusion, forgery, intentional omissions, misrepresentation, or the override of internal Gontrols. We are not responsible for preventing non-compliance with laws and regulations or fraud, and canmt be exFECted to detect non-compliance with all laws and regulations or every incidence of fraud. As part of an audit in accordarce with ISAS (UK), we exercise professional judgement and maintain professional scepticism throughout the audtt. We also. Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design aThJ Ferform audit procedures resFonsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for ore resulting from error, as fraud may involve collusion, forgery, intentional omissiorE, misrepresentations, or the overrKle of internal control. Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purFose of expressing an opinion on the effectweness of the charity's internal control. Evaluate the appropriaterEss of accounting policies used arKI the reasonatAerEss of accounting estimates and related disclosures made ty the trustees. Conclude cn the appropriateness Df the trustees, use of the goiro corttm basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists lated to events or conditions that may cast significant doubt on the charws ability to Contin as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our RerK)rt of the IrTrleFendent Audttors to the related disclosures in the financial statements or, if such disclosures are irBdequate, to modify our opinion. Our conclusions are Lesed on the audit evidence obtained up to the date of our Report of the Independent Auditors. However, future events or conditions may cause the charitvs lo cease to continue as a going concem. Evaluate the overall presentation, structure and cortent of the financial statements, including the disclosures, and whether the fInarla1 statements represent the underlying transactions and events in a rnanr that achieves fair presentatiorn We communicate with those chard with governartt fegardiro, among otfEr matters, the planned sco and timing of the audit and significant audit filIngs. IncludirvJ ary signrficant deficiencies in internal control that we identify during our audit Use of our report This report is made solely to the charitys trustees, as a tx)dy, in aCcOrdae with Part 4 of the Charities (Accounts and Rewrts) Regulations 2008. Ojr audtt work has LEen undertaken so that we might state to charitys trustees those matters we are required to state to them in an auditors, rep)rt and for no other purwse. To the fullest extent permitted try law, we do rK)t accept or assume respjnsibility to aryone other than the charity and the charitys trustees as a bjcty, for our aLfftJit work, for thB report, or for the opinions we have formed. isers L mited 14_15 Lower Grosvenor Nace London SW1W OEX Date. Page 8
OMID FOUNDATK)N statement of Flnandal Actlvltles FOR THE YEAR ENDED 31 MARCH INCOME AND ENDOWM84TS FRO.M Donatiorts and legacies 147 IrNestment'income 16268 12,410 Tot41 203.043 T38,319 EXPENDITURE ON Raising ftrKIs 13,Q95 Charltable actfvltlas Omid DlréGt cost aKI,grants. 2•119 228.119 210,093 Other Total NEf INCOWEXPENDITUREJ RECONCILIATION OF FU.WDS Total furth brought forward 54207 207 576,436 TOTAL FUNDS CARRI&) FORWARD s35.1 585,207 Pa&p 9
OMID FOUNDATION Balancé Sht 31 fvIARCH 2025 Total nds Total fur¥Js Debtors Cash at IBnk $31 631 2.110 587,057 54Q361 589,167 CREDITOR? Amounts fallirrfJ ckne within ore year 10 (4, 14 f3,960) ,NEf CURRENTASSErs. ,651 534651 585,207 TOTAL ASSEfs LESS CURRENT LIAB]UTIES 5¥651 534651 585,207 551. 53WI 585,207 FUND8 Unrestrlcted fur 14 586,207 TOTAL FUNDS 585,207 The finala1 .8tatemerts were apFf¢Xj l the Poard d Tntstees arKI aUlIriSed for ISS on 2 erner.2O2S were signed on its LEIMlf ty: Is M Fiaiatl- TriBtee 10
OlalD FoUNDATN Cash Flow Statement FOR THE YEAR ENDED 31 MARCH 2tr 31.3.24 Cash flow3 from opoatlng artfvltlqs 14. (3,838) Gash flovA.from Investskng acthiltles irterestrece 16 12,410 16268 12.410 Change In cash and cash equlvalwts In the reportlng pwlod Cash and cash equlvalents at th& beginnlng ol th& reportlng perl¢ (4723n 8,572 578,485 Cash and $h equivalents at th• end of the r•portlng Ttre rntes f(Ym of firral statemwts Page 11
OMID FOUNDATION tlotes.to Ihe. Flnancla!Otemts ACCOUNTING POLICIES prepared in accordance with the Ctorfties SORP (FRS 102) 'Accounting arKI Repwtir#J by Charltle8.' statement of Recornmerxkd clICe appliolle to ckprities. preFering their a(wunts in accordarre with the Fironcial ReKX)rtirrJ &arKkrd aFplicalk in the UK ar Reput4ic c! IrelarKI (FRS 1 (effecdve 1 JanLBry 2019),, Flnar¢ial Reportirg starthrd 102 The F:Inar[8l ReFth.iThJ Standard applicable in the UK and Republic of Irelarrf ar the Crits8S AGt 2011. Ttp fInala1 ststem8rts trRve teen pred urKler the hislortcal cost corNentiorL Preparatlon of the.financlal stat•nents on a golng con¢ern ba515 The trust has 7-defiGlf in ttE PJUM of £47,fd7 (1124: Sjrptus £8,572)and (ash lAlare at the Jear end decrease in glar&S'reiVed from OMID Founckn'on USA Going forwar4 the true5 foresee an irreaSe ingrarts that will te recer¥ed froM.d FowKlaion USA At ttrE ts'me of apptoviro firBncrdl statetrents, there are rm) stgnlfiGaAt Ghange in. the charivs Income, outgoings arKI.actNrities. The treeS tros rrAde an assessrner and has a reasorRble exFECtallon that the charity ha&.. adeqte resourGes to Contin in oFEratK)nal existerrn for the foreseeable ftiture. Thus ttrÈ trttslees .continues to a¢J)pt tr£ ColK basis of ayJnt1rtyj in Critlcal accountlng JUdgennts and keysour¢esof e¥tlmatlon uncatslnty preFBration ot the financial statemerrts requlres the Eoatd of Trustees, to ffrake. JLKlgemerts, estirrAtes and assumpions that affect the amurtts reported for assets and liatilllties as atthe t4larKe sheet date arKJ trE amounts rewrted for irmme and exFerthure during tle FEn(yJ. However, the rHture of estlmalion ffarB ttrot actual outcomes cOd thffer fro'm trKtse estimate Income Al incomirrd re6our¢es are rec09ttised.on Statsmert cl FIr0rla1 A¢Xivtties ortt cPrity legal ent[ement tij Ihe ir¢omirvJ resr.¢e8, it is 6ertain ttrAt the resources will te received arKI tr rncjnetary value of"Irwmtru resour(xs.can be Weasured.l Wlent reliat4.lty arKI aurary. Unrestrtcted charitable dororts ate rwised in firerla1 téinents wren the chatitaLie donatlon Ips IEen received, or rf, before re1[( trÉre:is sifficient evidert'e to WOvicle.trE rRcessary certainty, ttrot tre donation will be rorIed arKI tbe lia1 of U knoorhin9 resources..can'.te measured th suffiGFent rdiabilty. Donated wofessional efvlces 2nd (brAted faGilitles are. recognlsed as irorne wPpn ttrE ctBrty Pp8 control:over.the":item ary cOrKtyttorJs. associated4Mth donatetl item have tgen rrEL the recelpt of economlc tnefJtfrom:the'.use ty trE of.ttp.,item is wolxtk.al that e(x)nomic can rrEasured rellatfy. In accorthrKe th the cforiltes SORP (FRS 1tr2), the.general voiurtteer tlrnels rpt recognised. tJn receip( donated professional pRrvices and dted facilities are recognlsed Dn tr basis of ttr Val of the gift to the charity which is the armunt the charty would have Ixn willing to pay to obtain servlces or facilities of equlvalert economic berefrt on open market: a correspotKling amount is then recognlsed in'expendllure IrrttE of raxlpl Expondlturè Liabilities are rewised as expTbJre as soon as the Is a legal or constructlve obllgatlon cornmitting the charity to trot expwKliture, it probabfe that A'transfer of ecornmic berrtS will t requlred In settlement arKJ the arr¥)urrt of the Oblilon can be measured rellabty. ÈxFerKllture .15 accourted for on an accnBls. tssis arKI tros Ixn dassiw. urKler hea15 Ihat aregate.8ll cost related to the (ztegory. Wherecosts nrU)t be thecty atln"bJted to.partiCLlar. headiTrJs trEy have tEen aibcated to a1vie nn a 1$ .cortstst vath of .sOur...A furttr arnfyEis of th18 expendtfiwe is givoÉi In the frK)tesiothe fiCHrla1 siateri*nts. Page 12 continued,..
OMIP FOUNDATIOJI. Notes to the Flnanclal Statw- continued FOR THE YEAR ENDED 31 MARCH 2f ACCQUNTING POLICIES • contlnued Eypendlturé Cost of ralsing furth comfv trp..¢osts of comrnetcial trqthng arKI twr assocHted supwrt Expendlture on charitable actrvltie8 irle5 the costs of ¢haritVs serrfi¢es undertaken to further the purtK)se of the ¢trty arKI their assodated SrtC0sts. Olher expendtture eSerS ttrK)se not frllirNJ irrto ary other tpa(fjrg. Cbarttable acttvttles Charitalle. actp/ities coryy.iseg.tr#xc(s iryxjrred. ty the. charity:In delNery.of its.:activities a1 ioe6.for its Èenofjciari¢s. It indS ljth o) ttAt can.be qllocatod dre.oty to such7CtivieS and Governance costs GovernarKe costs comp¥Be all costs irNthiro pAYio..accotwtsb.iltyof tfEtrust and,its compliance regulation and good wactirt These c£6ts .inCI costs refate¢" lo aLMf!t a1 marrdgement fees together with an apptIonMert of ONErtEad and support costs. Allootlon and apportlonment of costs SuprKJ.rt, co?ts are thos& fLnCtior6 trBt ass tTr]e work of the cfBrity tyjt do not directly urKlertake charkabie acbvitss. Supwt costs [rlUC back offtce costs, firkince, personr£l, Feyroll and goverrBnce Gosls which support cforiVs.society servlces and acmfes.. These costs hw¥e been alloGated tetween cost of raisiru furth arKI exFen(fjture Dn charitable aGtMts"e& LB8es on which support costs have teen allocated are Set out in.trE fths. Taxatlon cfArlty18 an Iatul10n rranirvJ.of.ts Qprlties Act 2011 and,as SLth is a ctHrity wlthin the meanlrvJ. of Sectron 5C6(1) the Taxe& Act 1988. Am)r(fingty.,. ts clwrlty Is Wtialty exempt fmm.taxatlon in resFECt of income or. (2FMtal:gain .wittun.(2tegDries CoVed.ty.sectIOn 505.".of tt Taxes Act 1988.i)r lan 256.:.of.tIETaxatro"ti of Cl£rspatAe Ga"iEJS kt 1 W2 to" the extè'rtt that Such Incorr or galrts are apElied exGILEf4lely to oharltable wrFK)ses. The chaFItY na slinilar exemFrtion in resFeL ( Value fvllded Ta For this reason, the charty is gereralty uroble. ts recover iripjt VAT it suffers, on gwas arKI se.mcès purchased. TfE ctrority is regtster8J for VAT, as trE trustees cortskler the cha.rivs sources of irKome are eKern#"from VAT. VAT Is Ir1 Yllhin altrilyjtable cost urbr resources exFended. Fund accountkng Unrestrlctéd furkts can be In a¢cotdartt wItIY tr cforltatts obiecbves at the.disuetion of the tntstees. Restricted furth can onty for particular restrlcted pure8 Wittth tho oLleGts of the cba"titaUe comFenyctrorty. RestrictiorB are wtpn sFwfEd b/ ts dorK)r orwlRn furKls are rn18ed for rt[¢thar Further wpkrH.tlon rf tsp rAt(re aDd of furKI is irlUded In. note& to the. finarKial ststameiit& Forelgn curr.encles Traractk>ns In forei JfrencieS are Iranslated'into sterli_ng at rate of eXChae. rulS'.rvJ:at the date of trartsaction Exchange fftrences ar2 tak irao a(y>)wl in amling at tt)e OFe.ptrng re¥tlL Flnanclal InstNments Financial assets (In¢lLttg.Gash arKI debtors) and fir0la1 liabilities are re¢cgnEed when the charlty l%corne& a FOrty.'to Ih.e:'corknpGtLHI wovisiorts of the IrtstrLmenL Additionalty, all firBncial assets and Ikbilities are Gla6slhed acGordlrpJ to the"SUt61a of Ihe cortrathl arrangements entereJ into. Pdge 13 contlnued...
OMID FOUNDATION Notes to Ihe Flnandal Statn- continued FOR THEYEAR ENDED 31 MARCH 202S ACCOUNTING POlEs • cononued Flnanclal InStruMts Firrancial assets and liabi15ties are measured at trarnactlon price {inGILxllrvJ trarwtion costs) and are SLknsequently remeasured vthere apFA.ica.bEe at amortfjsed:oosi_ Financial assets Ir¢lude castL debtofs, Ottr& Fye, FBsTnentsarKI occrued inGome. Flrranclal liabilities Incluts credtor5. Otw accDAl8.arKftsfared irrnme. arKI activities. 'T iIL&ées PBS rrode an assessrnent" arKI f£s a sOnable expectation Ihat. the charty has adequate resources to CatIre in operational exlstertt for fQseeabte future. Thu5 the trustees contlnues to adoFI tts goirvJ (x)ncem basts of acCoti[ In weForirtyJ the financial stateffents. DONATIONSAND LEGACIES 31.8.26 Total funds 31.3.24 Total funds DorHtions Gift aid 181V21. 181921 1,464 21.8,825 1•786 186,78S 225,91 INVESTMENT INCONE Unrestricted RestrKaed Total funds Tofal funds DeFQSit accourtt Intwt.. 14x8 16,268 12,410 Page 14 continLEd..
OMID FOUNDATION Notss to the Flnancial Statements-conknuod RAISING FUND8 Ralslng donatlons and legacles 81.3.2S Total fund5 31.3.24 Total furK18 Unrestricted Restricted TeleplYJne Postage arKI stationery Indirect expenses 3,2SS 11083 11262 2,928 4.526 11083 680 CHARITABLEACTMTIEscosfd. Tolalè Qnld 21&919 228,1,19 SUPPORT COSTS Goverrnnce 7200 TRUSTEES, REMUNERATION AND BENFITS Trre .re na trustees. remuneration or ottr terth for ts year erthd 31 March 2025.rM)r for the year erthd 31 Maroh.2024. TtrEre V•pre no trustee¥ exFerfje8 paKI fot the yEar efthj 31 Marth 3Y25. nor lor the y*r vnded 31 March 2024. COMPARATIVES FOR THE sTATEMT OF FINANCIAL ACTMTIES Unrestricted Restricted fundg Total fUrJS INCOME AND ENDOWMEITf8 FROM Donatlons and legacies 225,909 InveGtsnent Irrnrr 12,410 12,410 Total fJ8.319 r88.319 EXPENDrnIRE.ON RaI81r funda 13,095 13,Q95 Charltable actlvlttes DIrt o)st and grarts 0,093 210,093 Page 15 continued...
OMID FOUNDATION Notes to thè Flnanclal Statements - continued FOR THE YEAR ENDED 31 MARCH 2026 COMPARATIVES FOA:THE STATEMENT OF FINANCIAL ACTIVITIES- contlnued Vnrestrfcted Re$trictgJ Total Tolal 229,548 229.548 NET INCQME RECONCILIATION OF FUNDS Total fund8 brought lorward 576,436 576,436 TOTAL FUNDS ¢ARRIED FORWARD 585,207 585,207 DE8TOR8: AMOUNT8.FALLING DUE WITHIN ONE YW. 81,&2S Cxher debtor8 631 2,110 10. GREDIT.ORS:,AKQ.UNTS FALLING DUE'WITHIN ONE YEAR 81.3. 31.3.24 Other ¢redltor6 11. MOVEMENT IN FUNDS Net movement In funds At 31.3.25 At 1.4.24 Unréstrlctsd funds General fund 684207 S35&51 TOTAL FUNDS 685,207 (49,856) 636,651 Net..ri1oVèthèbt'.lrtfulid8,:Irt¢lLrtIèlJ.Ib tvfè at<SVé are a8 follov*J: Incorrtlro Reaourcea M¢)vemènt Unrastrlctsd funds GetsYai.fund 203,043 (261899) (49,668) TOTAL FUNDS 203,043 (252,699) (49,856) Page 16 continued...
OMID FOUNDATION Notès to the Financlal Statements - contlnued FOR THE YEAR..ENDED 31 MARCH 2025. 11,. MQVEMENT IN. FUND,S. ¢QlltlnilAd. Comparatlv•s for movement In fund¥ rnovement in funds At 1.4.23 31,3.24 Unr&rlcted funds General.fund 576,436 8,771 585,207 TOTAL FUNDS ComForaUve ne.tmovement In fun(kn, InclLthd In the at#M are ¥s follows.. Jnc.Dmlng resources Rpsou,r¢88 .Movement. In fund8. Unrestrlcted funds General fund 238,319 TOTAL FUND8 238,319 (229,548) 8,771 A current year 12 months ar prlor year 12 months comblned position Is as follow8: movemert At 1,423 31.3.25 Unrestrlcted funds .General fu 576,436 (40,885) 535,551 TO.TAL FUNDS 535,551 A Current year 12 months and prfor year 12 months...comblned net movemert In furYJ8, Induded In ttr abo are as follow3". Incomlng resource8 Resources Movement 8xwnded In fund8 Unrestricted funds General furKI 441,362 (482,247) (40,885) TOTAL FUNDS 441,362 (482,24n (40,885) The avallable restrlcted fund can only be Ltsed fOr.rkSh0p projects. Page 17 contlnued...
OMID FOUNDATION No.tssto the Flnanclal Steff- ¢onlinued FOR THEYEAA ENDEO 81 MARCH 2 12. RaATED PARTY DISCLOSURES Trre wore no related rAty transa(kn for the year erKtsJ 31 March 2025. 13. ULTIWE CONT.ROLLING PhRTY In oFlniOnrftstrtee8.,.l1QrIHrity,jF6 rn ulbmate cffjtroIliffjTprty. 14. RECONCILIATION OF NET (ExpD[rUREYINCoMErO NEf CASH FLOW FROM.OPERATINts ACTIVITIES 31325 31.3.24 Net (expendltureylncom•.for the reportlng perlod (as per thé statsmant.of Flnanclal Actlvttl¢s) Adjustments for. Interest recefved De¢reasel(increase) in detor8 Increase in credltors (49,658) 8,771 [12,410) 360 N•t.Cosh.used In.oper4tlons (84495) (3,838) 16. ANALY818 OF CHANGE8.IN.NEf FUNDS Net cash Cash at bank (47.23n 539,V20 GffI.f7 (47.237) 539,820 Totsl 687,067 (47,237) Page 18
OMID FOUNDATION Detalled Statement of Flnandal Acllvtttes FOR THEYEAREND31 MARGH 2 INCOMEAND ENiioWMgITS Donattons:.and lega.dos. Donatlor Gift aid Donated 8eThfjce6 arKI facilitles 218,825 1785 225,S09 InvestnRnt Income Dep)sit account,irterest. I6,8 12,410 Totsl Incomlng resources 204043 238.319 ExPENTuRE Ralslng donallonsand 14acles Telephone Postage and" t.."owy IDrfir&t exFoseg 11.202 5,S41. Charitable actlvfties Research & trainlrKJ programme Direct programmes arKI arts 4812 214107 5,521 204,572 218,919 210,093 Support costs Governance costs Auditorg remuneration Accourtarw fees 2,400 Total.rqsource8:e¥pRfKled Nd (expendltureylncome This pagad(Rs rKJtfomi Fert of statLttoryfinarrlal st*merts Page 19