OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator. This document is also available as Markdown.

← The Cosaraf Charitable Foundation

2025-04-05-accounts

Charity Registration No. 1118481

CHARITABLE FOUNDATION

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025

————

CHARITABLE FOUNDATION CHAIR OF TRUSTEES’ STATEMENT FOR THE YEAR ENDED 5 APRIL 2025

| | |

Page

|

Chair oftrustees’ statement 2
Trustees' report 3-42
Statement oftrustees’ responsibilities 43
Independent auditor'sreport 44-45
Statementoffinancial activities 47
Balance sheet 48
Statement ofcash flows 49
Notestothefinancialstatements 50-59

The COSARAF Charitable Foundation, Parkview, 82 Oxford Road, Uxbridge, UB8 1UX aA zz: charity no. 1118481 —

==> picture [102 x 12] intentionally omitted <==

----- Start of picture text -----
CHARITABLE FOUNDATION
----- End of picture text -----

==> picture [201 x 23] intentionally omitted <==

----- Start of picture text -----
CHAIR OF TRUSTEES’ STATEMENT
FOR THE YEAR ENDED 5 APRIL 2025
----- End of picture text -----

The period from April 2024 to March 2025 has been one of growth, reflection, and resilience, both for the world around us and for the COSARAF Foundation. From political shifts and economic pressures in the UK to ongoing global conflicts and environmental crises, the wider context has continued to influence how and where we focus our efforts.

Despite these challenges, the Foundation has delivered its most targeted and refined impact yet, reaching almost 30,000 individuals this year through a combination of immediate relief, long-term empowerment, and community development.

A significant development was the commencement of building work for the Fahmida Begum Foundation’s Centre of Excellence and Empowerment in Mehran Town, Pakistan. This flagship initiative, a dream of my family’s for many years, has been backed by years of community-rooted support and will deliver education, healthcare and vocational training to thousands of residents. This year alone, more than 5,000 individuals were supported through community services there, while almost 200 women received microfinance and were empowered with new skills, contributing to long-term, place-based transformation.

Internationally, our efforts extended across seven countries, providing over 320,000 meals through our Ramadan programme and delivering life-changing support to vulnerable groups, including 80 orphaned girls at the Noor Girls Home and 50 deaf girls through our scholarship funding to Deaf Reach in Pakistan. In Kenya, over 30 young people with intellectual disabilities were supported into enterprise, and over 5,000 students benefitted from education and skills programmes. We continued our long-term partnership with the King’s Trust, internationally supporting the Enterprise Challenge in Pakistan and in the UK funding enterprise for young people.

In the UK, our work continued to support vulnerable individuals and encourage social cohesion. We hosted our firstever interfaith iftars, with leaders in anti-racism Show Racism the Red Card, across Wales, bringing together over 1,000 guests to share food, build understanding, and promote inclusion. Our hardship grants reached more than 250 individuals and families in crisis, and education programmes supported access to top universities including the University of Oxford, Cambridge and Warwick for Muslim students, many of whom come from underrepresented communities.

The Sheikh Family Scholarships continued to be a powerful example of our commitment to long-term, transformative impact. By supporting outstanding Muslim students from underrepresented backgrounds at leading universities, the programme has removed financial barriers while enabling scholars to thrive academically, lead with confidence, and give back to their communities. The success of both current and former scholars reinforces our belief that investing in talent and opportunity creates ripples of positive change far beyond the individual.

Internally, the Foundation has also seen significant change. Following the departure of Jonathan Freeman after six years of strategic leadership, we appointed Tashmina Hoque, formerly our Foundation Manager, as our new Director. Her leadership has brought fresh energy and clarity of purpose, and the Foundation has refined its Theory of Change to reflect a more mature and strategic approach, moving from simply helping people to thrive to building thriving individuals and sustainable communities.

We also welcomed Tariq Raja, Executive Director of CareTech Foundation, as Strategic Adviser, bringing international development and grant-making expertise that has further strengthened our overall portfolio. Through all this, the commitment of our Trustees has remained unwavering, and we continue to support high-impact, values-aligned partners, to create ripples of positive change across continents.

| am incredibly proud of all that has been achieved this year and deeply grateful to our staff, partners, and supporters. The stories and numbers within this report speak volumes, but the true impact lies in the futures made brighter, the communities made stronger, and the lives transformed through our shared efforts.

Sophy Haroon Sheikh Chair of trustees

Dated: .26 January , 2026

Registered charity no. 1118481 - EEThe COSARAF Charitable Foundation, Parkview, 82 Oxford Road, Uxbridge, UB8 1UX = — : ex =

| | | | | |

==> picture [100 x 12] intentionally omitted <==

----- Start of picture text -----
CHARITABLE FOUNDATION
----- End of picture text -----

TRUSTEES' REPORT FOR THE YEAR ENDED 5 APRIL 2025

The trustees present their report and financial statements for the year ended 5 April 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)".

==> picture [291 x 176] intentionally omitted <==

----- Start of picture text -----
IF
yn SEX a) Gr [ie]
w Se ; " rs wa 7 . tn © j (°F
' ]% J es y= \ ) )
am» 4 !
aaa jest ’ b Y
at i ‘ a ,
% Dre of
----- End of picture text -----

OBJECTIVES AND ACTIVITIES

|

Our purposes

The following is a summary of the Foundation’s purposes as set out in full in its governing document and as available on the Charity Commission register at https://www.gov.uk/find-charity-information.

What

e Education/training e The advancement of health or saving of lives e Overseas aid/famine relief e Promoting interfaith dialogue

Who

© Children/young people

© Elderly/old people

e People with disabilities e The general public/mankind

How

e Makes grants to individuals e Makes grants to organisations

The COSARAF Charitable Foundation, Parkview, 82 OxfordRoad, Uxbridge, UB8—— Registered charity no. 1118491 ee

3

6sarat CHARITABLE FOUNDATION

TRUSTEES’ REPORT

FOR THE YEAR ENDED 5 APRIL 2025

Our aims and the difference we seek to make

The trustees have determined that the Foundation’s work by which to deliver public benefit in relation to its Objects should focus on the following three key objectives:

The trustees recognise that these objectives will often require the provision of health, education, basic needs and other related provision to those without access to such.

The trustees have further confirmed that the Foundation’s support should be prioritised to supporting those in need in the UK and in developing countries overseas, particularly Africa (especially East Africa) and Southeast Asia.

==> picture [428 x 312] intentionally omitted <==

----- Start of picture text -----
“se
a 7 ot ; rh , is “ ’
ad!) a A gs
t Bes) ge am Jie A re
‘ iy ‘| 5 ae .
rele4 bye > rey4- .‘ ey) 7 i\ =f:f ; A,
- ae ~2 Be ne: (2-4 Se NY
wii \ Pea , oF io 4 i NI | iidtaat
. Wey ‘eal TF
}4 aslLA ia "Ne ‘ PRTss reefJRy ~~ oN ,“oeee Via iiss| # }a eee, Se ae"va | “” ' " : pansy ‘ ,
: “igs oe Sees Ae . Pp ee
Registered charity no. 111848 1 gO
CanThe COSARAF Charitable Foundation, Parkview,4 82 Oxford Road, Uxbridge, UB8&woe
----- End of picture text -----*

| |

==> picture [100 x 6] intentionally omitted <==

----- Start of picture text -----
CHARITABLE FOUNDATION
----- End of picture text -----

TRUSTEES' REPORT

FOR THE YEAR ENDED 5 APRIL 2025

Hardship grants are available for residents in the UK only and are available to individuals who can demonstrate that they are suffering clear financial hardship or do not have the financial means for essential expenditure. Trustees prioritise: ° families over individuals. ° the most financially excluded people; and, ° items that will make the most difference.

The Foundation administers both Zakat and non-Zakat funds, in line with the trustees’ Grant-Making Policy and Zakat Distribution Policy. Zakat funds are those donations made in line with Islamic obligations for charitable giving.

==> picture [1 x 13] intentionally omitted <==

----- Start of picture text -----
|
----- End of picture text -----

Cn

The Eee ue a = _ Registered charity no. 122 —————— COSARAF Charitable Foundation, Parkview, 82 Oxford Road, Uxbridge, UBB 1UXns==s 5

C Sara CHARITABLE FOUNDATION

TRUSTEES’ REPORT

FOR THE YEAR ENDED 5 APRIL 2025

==> picture [244 x 118] intentionally omitted <==

----- Start of picture text -----
-—- a
~~ . * : >,
’ ‘ Be r e ~ -|
----- End of picture text -----

Zakat Audit and Review

Each year the Foundation conducts an audit and review of its Zakat grants which is carried out independently by Mufti Faraz of Amanah Advisors, Global Islamic Finance and Fintech Services. The main objectives of the audit are to:

The results of the 2024/25 Audit indicate that, overall, the design and operational effectiveness of Zakat controls are adequately in place and improvements have been suggested which have already been implemented.

Registered charity no. 1118481" CnThe COSARAF Charitable Foundation, Parkview, 82 Oxford Road, Uxbridge,en

6

|

==> picture [100 x 6] intentionally omitted <==

----- Start of picture text -----
CHARITABLE FOUNDATION
----- End of picture text -----

| TRUSTEES’ REPORT FOR THE YEAR ENDED 5 APRIL 2025 | I How we measure success How we we create change | (New Theory of Change Change proposed May May 2025) Mission driven Creating an Measuring | | f + People in need of relief and | v enaarnuhities lander ae their, their, Thriving iccraire their skills, their skills, skills, coidance

==> picture [445 x 222] intentionally omitted <==

----- Start of picture text -----
How we we create change cOsarat
(New Theory of Change Change proposed May May 2025) so
Mission driven Creating an Measuring Outcomes Long term
f + People in need of relief and in
v enaarnuhities lander ae their, their, Thriving iccraire their skills, their skills, skills, coidance
“&for communities individuals: People ; Reeceple progress & sustaina in
Sata ao habs oii ball and A world
extraordinary — _ where all
things through Empowering women + Facilitators - Teachers, coaches people have|
a a +] & aiuige andequi e onli more people opportunity..
engagement in : 7 - to thrive
the UK, Sustainable facilities <tabling pack
Pakistan and Building sustainable Communities * Increased religious tolerance &
Kenya communities integration in communities
+ Wider ripples of change are
created
----- End of picture text -----*

With the support of Bean Research, the Foundation continues to use an established Theory of Change and accompanying Impact Assessment Framework. A Theory of Change is a powerful tool, particularly for social impact organisations, to describe the need an organisation is trying to address, the changes it wants to realise and the activities that it will deliver to create these changes. Towards the end of this year, we began a review to assess how the changing projects, partners and outcomes may have influenced our initial ambitions for impact. As a result we have found that adapting our theory of change and accompanying evaluation tools to better reflect the Foundation’s intended outcomes; and their long term and new partnerships.

Central to the long-term ambition of creating a world where all people have the opportunity to thrive, is funding to create opportunities for people and communities, enabling people to reach their potential and for building sustainable communities.

Sitting below the Theory of Change is the Foundation’s Impact Assessment Methodology, which provides a common set of indicators by which we assess the impact of the Foundation’s work. This includes a sub-set of common indicators that are used to assess the impact of the work we are funding through our Major Partnerships grants. The diagram below depicts the approach the Foundation takes to measuring impact and the basket of measures we use to judge the extent to which we are meeting our objectives.

==> picture [424 x 47] intentionally omitted <==

----- Start of picture text -----
Registered charity no. 1118491
CnThe COSARAF Charitable Foundation, Parkview, 82 Oxford Road, Uxbridge, UB8Ue
7
----- End of picture text -----

==> picture [101 x 6] intentionally omitted <==

----- Start of picture text -----
CHARITABLE FOUNDATION
----- End of picture text -----

TRUSTEES' REPORT FOR THE YEAR ENDED 5 APRIL 2025

==> picture [232 x 333] intentionally omitted <==

----- Start of picture text -----
Impact Assessment Frameworn
Sitting below the Theory of Change is the Foundation’s new Impact Assessment Methodology,
which provides a common set of indicators by which we assass the impact of the Foundation’s work.
This includes a sub-set of common indicators that are used to assess the impact of the work
we are funding through our Major Partnerships grants. The diagram below depicts the approach
the Foundation takes to measuring impact and the basket of measureswe use to judge the extent
to which we are meeting our objectives.
Efficiency Direct delivery 2 Hardship& Ramadan| 1
= ROI Partnership * End beneficiaries
= % Spendof avaiable budget ® Number of end beneficanes © Faclitators supported
© % Spendof charitable spend ® Faciitators supported
® Number& spreadof locations = Outcomesas a rewit Gee below)
# Family members engaged * Wider ripple effects
Direct numbers supported = Numbers trained/supported = Locations/communites supported
= Numbers affecting = Indirect beneficiaries reached * Major partnerships supported
substantive support * UK ys Global Balance
+ Numbers receiving
transformational support
«= Substantive: Increased confidence * Substantive: Skills developed = Substentive: Changed approsches
(e.g. Warwick Edinburgh Scale) Wiintonastte Chansed in organisations, centre&
& character traits pprasthes communities
 Substentive: New sills = Transformative: Ripple effects
B test scores in regional, policy or spprosch
Transformative: Into employment
training & changed behaviours
leg. accessed support)
—> Opportunity to thrive
----- End of picture text -----*

Charity Commission guidance on public benefit The Trustees have complied with their duty pursuant to Section 4 of the Charities Act 2011 to have due regard to guidance published by the Charity Commission regarding Public Benefit, a copy of which is provided to all trustees on appointment and on an annual basis thereafter.

==> picture [354 x 42] intentionally omitted <==

----- Start of picture text -----
The COSARAF Charitable Foundation, Parkview, 82 Oxford Road, Uxbridge, UB8 1UX pss" est
Registered charity nO. 1118481 "tne st
SSR
8
----- End of picture text -----

}

|

| | |

|

==> picture [100 x 6] intentionally omitted <==

----- Start of picture text -----
CHARITABLE FOUNDATION
----- End of picture text -----

TRUSTEES’ REPORT FOR THE YEAR ENDED 5 APRIL 2025

ACHIEVEMENTS AND PERFORMANCE

The year in context

==> picture [267 x 112] intentionally omitted <==

----- Start of picture text -----
oti RN ai ul
4, i Salah if eR a pre Ss i
Sikh), ave Gio ag she
WA Lia rar \ \ it { ' é “4 a yy ; i - i
’ \ ey fe” KE ae RF, oes |
Was) | ! ua Y fs i=
| Ber ie =
----- End of picture text -----*

This report covers the period from April 2024 to the end of March 2025 - a year marked by significant political, economic, and environmental developments in the UK and across the globe.

Domestically, the UK saw major political change with a new government taking office and a renewed focus on public services, housing, and green energy. The economy faced ongoing challenges, including persistent inflation, tax reform, and a slow path to recovery. There were also historic floods and the hottest spring on record, reinforcing the urgency of addressing climate change.

Internationally, the conflicts in Ukraine and the Middle East continued to cast a long shadow, while global economic uncertainty and humanitarian crises influenced both policy and public response.

These developments have had a direct influence on our priorities and how we deliver our work, both in the UK, where the cost of living and community integration remain urgent issues, and internationally, where global instability continues to affect the most vulnerable. These international crises also resonate closer to home, as conflicts abroad increasingly have a social and economic impact on communities here in the UK.

We are proud to have maintained strong, trusted relationships with our international partners, allowing us to deliver vital, immediate relief to some of the world’s most vulnerable and marginalised communities, particularly through our Ramadan programme and ongoing humanitarian funding.

Registered charity no. 1119431 oO QoThe COSARAF Charitable Foundation, Parkview, 82 Oxford Road, Uxbridge, UBS 1UXoo 9

==> picture [101 x 7] intentionally omitted <==

----- Start of picture text -----
CHARITABLE FOUNDATION
----- End of picture text -----

TRUSTEES’ REPORT

FOR THE YEAR ENDED 5 APRIL 2025

==> picture [346 x 108] intentionally omitted <==

----- Start of picture text -----
\ Wee Aa BE RA ct te ll er oll
ee’ 7S hes AE A
nat oie
4 od tise & HOPS » 4 gre 7) ‘ i aw gue” |
Ai Ga O.- p \ PS lh - hy
ai ah © ¢ EA : Arg ; a oe \y J é ). ae he
----- End of picture text -----

Alongside this essential short-term aid, we have remained committed to supporting long-term services and initiatives that promote sustained, transformative change. As we continue to deliver through a network of dedicated partners, our impact has evolved. This year’s reporting will demonstrate how the Foundation has grown, from providing small-scale, direct relief to enabling meaningful, lasting change for scholars, leaders, and entire communities.

Change has also been a key theme within the Foundation this year. After six impactful years leading the Foundation, our Senior Strategic Adviser Jonathan Freeman stepped down in the summer. In his place, Tashmina Hoque, formerly Foundation Manager, was appointed as Director, with the full support and confidence of the Board of Trustees. We were also pleased to welcome Tariq Raja to the team as Strategic Adviser. Tariq brings a wealth of experience and deep knowledge of the sector and in international grant-making, which strengthens and complements the work we support across the portfolio.

With a new Director eager to engage more deeply with our partners, members of the staff team and several trustees undertook an international visit to Pakistan in January 2025. This visit marked a new chapter in leadership and provided an opportunity to reconnect with key partners in the region, including Fahmida Begum Foundation (FBF), Deaf Reach, SEED Ventures, The Noor Project, and Read Foundation.

Registered charity no. 111848 1 YQThe COSARAF Charitable Foundation, Parkview,10 82 Oxford Road,Uxbridge, UB8we

|

| |

==> picture [103 x 16] intentionally omitted <==

----- Start of picture text -----
“CHARITABLE FOUNDATION
----- End of picture text -----

TRUSTEES' REPORT FOR THE YEAR ENDED 5 APRIL 2025

==> picture [452 x 153] intentionally omitted <==

----- Start of picture text -----
‘‘ Ne a During the trip, our Director was also honoured to serve
enterp ie as a judge and guest of The King’s Trust International at
y a “eS pave! the Enterprise Challenge Pakistan country finals, hosted
“Se Se & by the British High Commission in Islamabad.
‘ - aly Throughout this period of change, our trustees have
_\ . remained firmly committed to a clear and focused vision—
f Ps } , tigorously applying our funding policies to ensure support
Pa ty. reaches those in greatest need. Their commitment has
mi { enabled us to fund projects that create transformative
(xe 7? change for individuals, with a ripple effect that positively
; oot “eal impacts entire communities. We are pleased to share with
petal | pers you some of the key impact that has been made through
this ongoing commitment.
----- End of picture text -----

Our objectives for this year

At the outset of the reporting year, the Trustees agreed on a focused set of strategic objectives to guide the Foundation’s work. Key priorities included:

==> picture [424 x 55] intentionally omitted <==

----- Start of picture text -----
_ oe EE - — -
The COSARAF Charitable Foundation, Parkview, 82 Oxford Road, vine nee
Can Registered charity no. 1 —————
11
----- End of picture text -----

==> picture [120 x 59] intentionally omitted <==

----- Start of picture text -----
——_=
CHARITABLE FOUNDATION
----- End of picture text -----

TRUSTEES' REPORT

FOR THE YEAR ENDED 5 APRIL 2025

==> picture [461 x 360] intentionally omitted <==

----- Start of picture text -----
The year began as many do, with the steady renewal of grants to long- rr <7 EIT eee oy).
standing partners who had consistently exceeded their key aye a ee ij i
performance indicators. With renewed direction under new leadership, | } ere Ys, / hii — AP
momentum quickly built around our 2024/25 objectives. eA ee Pie a) ay
In Pakistan, activity around the Fahmida Begum Foundation remained Tero) he j \aYVENayH , | teee he“3 Oe
consistent and dynamic. The COSARAF team worked closely with FBF A Wi a iy Le
leadership and finance teams to improve programme delivery, \ an a. an Nal
streamline reporting processes, and respond agilely to emerging im ABR . PY
needs. The result has been greatly improved impact and financial fag fh hel ¢ ay.
reporting. ee ESBe .
significant milestone this year was was the commencement of work on work on on the build of the the FBF Centre of Excellence Excellence
and Empowerment. Architects were appointed, were appointed, appointed, a dedicated project manager was manager was was brought on on board, and building
work commenced. Trustees proudly attended the groundbreaking ceremony in January 2025, and we look
forward to the centre’s completion in 2026.
’ -
= P Ss
tel| | (a PeeSAME Nar AS. = | Id
ee RS Se
----- End of picture text -----*

A significant milestone this year was was the commencement of work on work on on the build of the the FBF Centre of Excellence Excellence and Empowerment. Architects were appointed, were appointed, appointed, a dedicated project manager was manager was was brought on on board, and building work commenced. Trustees proudly attended the groundbreaking ceremony in January 2025, and we look forward to the centre’s completion in 2026.

Meanwhile, our partnership with CareTech Foundation saw the formalisation of Pakistan’s first PSEI programme. The COSARAF team supported the launch through partner tours and roundtable discussions, resulting in the establishment of a national network of stakeholders, an exciting and impactful first for the country.

==> picture [425 x 56] intentionally omitted <==

----- Start of picture text -----
ree EL Ree — =
Registered charity no. 111848 1
YQThe COSARAF Charitable Foundation, Parkview,12 82 Oxford Road, Uxbridge, UB8wee
----- End of picture text -----

==> picture [100 x 6] intentionally omitted <==

----- Start of picture text -----
CHARITABLE FOUNDATION
----- End of picture text -----

TRUSTEES’ REPORT FOR THE YEAR ENDED 5 APRIL 2025

==> picture [262 x 132] intentionally omitted <==

----- Start of picture text -----
! die aided ag |
. |
Bivins
----- End of picture text -----

Our commitment to collaboration and integration across projects continued to thrive. For example, GEAR Trust provided microfinance loans to graduates of the SEED Ventures’ Imarah programme at FBF, enabling women to launch their own businesses and a student from Naz Legacy's Diversity Day programme was offered work experience through The King’s Trust, demonstrating the value of cross-partner engagement.

In Kenya, we launched a new partnership with Advantage Africa, supporting young people with intellectual disabilities into enterprise. Already, over 30 young people have been empowered to start their own businesses, helping them to become financially independent, overcome stigma, and find belonging in their communities. | With such strong activity in Pakistan and new growth in Kenya, trustee attention has remained focused on these | regions. That said, Zimbabwe continues to be an area of interest. One exciting development in the country was | the introduction of Hitchin Netball Club to the Hatcliffe Extension Charitable Trust, resulting in a partnership to equip young people with netball kits and improve local health and wellbeing.

This year, we completed the sixth annual review of our grant-making process, feeding directly into the development of our 2025/26 business plan. Working alongside our independent impact assessors, Bean Research, we reviewed and refined our Theory of Change and Impact Assessment Framework. A key outcome was the proposal to evolve our vision—shifting from simply giving everyone the opportunity to thrive to enabling thriving individuals and sustainable communities. This updated focus more accurately reflects the ripple effect of our maturing work.

The change in staff leadership brought new energy and fresh opportunities. Our new partnership with Show Racism the Red Card resulted in the Foundation supporting its first-ever interfaith iftar events at iconic sports venues across Wales. We were also proud to support The King’s Trust International at the Enterprise Challenge finals in Pakistan, hosted by the British High Commission in Islamabad.

The $$ a — zs ——— COSARAF Charitable Foundation, Parkview, 82 Oxford Road, Uxbridge, UB8 Li egistered charity no b Sa Qo Registered charity no. 1118481"=== gO 13

==> picture [101 x 6] intentionally omitted <==

----- Start of picture text -----
CHARITABLE FOUNDATION
----- End of picture text -----

TRUSTEES’ REPORT

FOR THE YEAR ENDED 5 APRIL 2025

==> picture [288 x 122] intentionally omitted <==

----- Start of picture text -----
D> eden. YF = eee)
Luteaol Ce = ———
; AUP Om eg
. ® Cp ed ey
£ (fy 4 y, j “ff us -
>
j — he ae a |
----- End of picture text -----

These activities mark a shift in focus, from supporting individual impact to driving broader community transformation, exemplified by initiatives like the new FBF Centre of Excellence.

All these exciting developments—and many more—are detailed further in the impact report below. We invite you to explore the stories, milestones, and progress that continue to define and inspire the work of the COSARAF Foundation.

COSARAF Foundation IMPACT REPORT 2024/25

Cumulatively, since 2018, close on 1.4million people have been reached asa direct result of COSARAF funding.

This year, COSARAF grants have delivered a range of initiatives across the world to 16,092 people, including delivery of 95,221 meals and transformative change for 920 people. Ramadan funding reached 13,543 people. 321,199 meals were provided during the holy month.

Opportunities to Thrive

| |

|

==> picture [371 x 49] intentionally omitted <==

----- Start of picture text -----
|
“CHARITABLE FOUNDATION
----- End of picture text -----

TRUSTEES' REPORT

FOR THE YEAR ENDED 5 APRIL 2025

Sustainable Communities

The Foundation’s commitment is evident in Mehran Town. In addition to the physical building of the Centre of needs,Excellenceas well andas Empowermentdepth of, andthissustained year, Foundationimpact through, fundingfor achieves example, bothmultiplebreadthvocationalof reach,trainingaddressinginitiatives,basic changing the life chances of 429 women in the town.

Educational initiatives goes beyond the individual to uplift families and in turn communities, with long term impact from employment and changing cultural norms. An estimated 8,466 people have benefitted indirectly from ripple effects.

In the UK, Iftar events have fostered increased religious tolerance and integration in communities, hosting 1,854 people for Ramadan meals.

— = - The COSARAF Charitable Foundation, Parkview, 82 Oxford Road, Uxbridge, UB81X WN ee ceammras GALES Can Registered charity no.1 —————— 15

==> picture [100 x 12] intentionally omitted <==

----- Start of picture text -----
CHARITABLE FOUNDATION
----- End of picture text -----

TRUSTEES’ REPORT FOR THE YEAR ENDED 5 APRIL 2025

Overview

As the charity continues its work supporting disadvantaged communities through major grants and strategic partnerships across the UK, Africa, Asia, this report highlights the breadth and depth of impact on people and communities. Grants have delivered immediate relief to people in need, instigated transformational change in people's lives, and provided holistic support to build communities.

Since 2018, the COSARAF Foundation has supported 1.4 million people across the UK, Pakistan, Kenya and beyond. Of these, 1,261,452 individuals have been reached through Partner Programmes and 136,145 through targeted Ramadan initiatives. Additionally, long-term impact has been fostered through the training and support of over 4,100 facilitators to date.

In 2024-25 alone, the COSARAF Foundation supported close to 30,000 individuals globally, maintaining a dual commitment to addressing immediate needs while also building the skills and capabilities of people and communities for sustained impact.

Summary of COSARAF Foundation Support24/5 cosarat

==> picture [327 x 162] intentionally omitted <==

----- Start of picture text -----
e ,
I ‘%
mipeerh29,892 Ga
2024/5
A y y
}
Ramadan
Individualsfunded April 2024 - March 2025 Estimated total meals funded April 2024 - March 2025. 60,465 people supportedin 202 3/4 td
----- End of picture text -----*

The COSARAF Charitable Foundation, Parkview, 82 Oxford Road, Uxbridge, UB8& i — Qo Registered charity no.16 1118481"

| | This report shares the difference the COSARAF Foundation’s partners, grants and communities have made | together over the last financial year, documenting the impact of funded activities from April 2024 to March 2025.

==> picture [104 x 13] intentionally omitted <==

----- Start of picture text -----
”
CHARITABLE FOUNDATION
----- End of picture text -----

TRUSTEES' REPORT

FOR THE YEAR ENDED 5 APRIL 2025

40 grants and programmes have been funded, ranging from bringing together the 96 Muslim women and girls as “Cycle Sisters” in the UK, to providing urgent support to 50 people via the Cyclone Remal Emergency Response in Bangladesh, and the continued provision of Sheikh Family Scholarships, to support the education of changemakers for the future.

==> picture [383 x 160] intentionally omitted <==

----- Start of picture text -----
ses ms a
4,414 People Supported sh f
10 Partner Programmes
41 RamadanSmall Grant Initiatives «/ 4
257 Hardship Grants ;es PAKISTAN, INDIA &
_____ BANGLEDESH
%3 j 16,374 People Supported
6 Me 9 Partner Programmes
KENYA, GHANA, UGANDA, ' a 4 Ramadan Initiatives
MALAWI, ZIMBABWE
.
9,1045 Partner PeopleProgrammes Supported g :
3 Ramadan Initiatives
----- End of picture text -----

Registered charity no. 1118481 "tts et ee eas . CnThe COSARAF Charitable Foundation, Parkview, 82 Oxford Road, Uxbridge, UB8 1UX pe 17

==> picture [100 x 6] intentionally omitted <==

----- Start of picture text -----
CHARITABLE FOUNDATION
----- End of picture text -----

TRUSTEES' REPORT

FOR THE YEAR ENDED 5 APRIL 2025

In the UK

The COSARAF Foundation has funded 10 Partner Programmes, 4 Ramadan Partners, 1 Small Grant and 257 Hardship Grants in the UK alone.

==> picture [412 x 245] intentionally omitted <==

----- Start of picture text -----
COSARAF Foundation Support UK 2024/5 césarat
10 Partner Programmes, 4 RamadaneePartners, 1 Small Grant and Hardship Grants SeSe|Se|| LA"
f y wm
Total people COSARAF
supported In Grants
2024/5
pas a
Yy
(, 3,953 meals |
«®
----- End of picture text -----*

==> picture [62 x 95] intentionally omitted <==

----- Start of picture text -----
césarat
SeSe|Se|| LA"
----- End of picture text -----

==> picture [261 x 7] intentionally omitted <==

----- Start of picture text -----
Individuals funded April 2024 - March 2025 ‘Estimated total meals funded April 2024 - March 2025
----- End of picture text -----

Thriving People through Education

The COSARAF Foundation funding has encouraged wider access to higher education for 88 students, and has invested in young talent through 9 scholarships, and 4 studentships delivering long term transformational impact on the individuals and their communities.

In Manchester, the Foundation supported The Annual Access Conference, run by the Cambridge University Islamic Society, which reached 47 Muslim students from an under-represented demographic. Year 13 students thinking of applying to Oxbridge received a talk from a Cambridge Admissions Tutor, advice sessions, and a better understanding about applications and life in Cambridge for Muslims.

“Seeing so many Muslim students striving to be the best academically without compromising their deen was so inspirational”

In partnership with the Naz Legacy Foundation, 40 Muslim students were taken on visits to Oxford and Cambridge, leading to improvements in confidence, aspiration, and understanding of university life. Registered charity no. 111848 ] SO CnThe COSARAF Charitable Foundation, Parkview,18 82 Oxford Road, Uxbridge, UB&we

==> picture [104 x 15] intentionally omitted <==

----- Start of picture text -----
“CHARITABLE FOUNDATION
----- End of picture text -----

TRUSTEES' REPORT FOR THE YEAR ENDED 5 APRIL 2025

80% of students more likely to apply to highly selective institutions following the visits and important outcome for widening access to elite universities for under-represented students.

Through these types of initiatives, schools have reported a growing emphasis on Oxbridge applications for underrepresented students, while parents and siblings of participants also became more engaged in discussions around higher education, contributing to a cultural shift towards greater educational ambition within communities.

The COSARAF Foundation has funded 9 Sheikh Family Scholars this year. The Sheikh Family Scholarship Programme was established to support outstanding Muslim students from underrepresented backgrounds in their pursuit of higher education.

The long-term impact of scholarships is evidenced by the success of previous scholar, :rf Shaymaher impactfulBakht,workwhoin was journalism.recognisedShayma’son thissuccessyear’s prestigioushighlights whyForbesinvestment30 Underin 30 young,list for © ambitious talent is vital for both the individuals themselves, and the wider communities | | they go on to serve and represent. d = “| couldn't have reached this position in my career without the scholarship for my masters” | t¥ St Anne’s 5 Sheikh Family Scholarships at St Anne’s College, Oxford, have driven inclusivity ON c T| by supporting under-represented Muslim students. Funding has contributed to u Ol ege academic success and personal wellbeing, and the scholars actively give back to fe, NORRARaR Oat their communities through outreach, mentoring, and diversity initiatives.

Zainab Bhanji, a final-year medical student, credits the Sheikh Family Scholarship for easing the financial strain of pursuing higher education over the past 3 years and providing substantial encouragement and motivation.

Zainab has built clinical, practical and interpersonal skills, as well as following her research interests. The scholarship has enabled her to contribute to outreach and research: she co-led the OxPal Summer School for Palestinian medical students and supported social prescribing research for postnatal mothers from ethnic minority backgrounds. Through volunteering with Zero Gravity and St Anne’s International Visiting Students Programme, Zainab helped widen access to education. “It [The scholarship] has profoundly shaped my university experience and has significantly eased the financial strain of pursuing a degree in Medicine. It has enabled me to fully immerse myself in my studies, from developing an interest in endocrinology, neuroscience, and greenspaces for health in my pre-clinical years, to developing my practical skills and clinical knowledge this year. | am also incredibly grateful that it has given me the opportunity to engage in a variety of extracurricular activities which have enriched my university experience, from being part of the Oxford University Islamic Society committee, to getting involved in research projects beyond my degree. The Sheikh Scholars’ Summer Workshops and Leadership Day have been really insightful, and | am grateful for the opportunity | have had to build my interpersonal skills through them.” Zainab ee —e The es ae — —pee — Registered charity no. 1118481 I Qo COSARAF Charitable Foundation, Parkview, 82 Oxford Road, Uxbridge, UB8—— 19

==> picture [101 x 15] intentionally omitted <==

----- Start of picture text -----
CHARITABLE FOUNDATION
----- End of picture text -----

TRUSTEES' REPORT FOR THE YEAR ENDED 5 APRIL 2025

In her first year at Oxford, Zebah Khan has used her scholarship to ease financial pressure and make the most of her BA in Geography. Specialising in sustainability, she engaged in three field trips and developed strong teamwork and leadership skills and is inspired to applying her ideas and approaches to sustainable development to benefit her own community in the future. The award contributed to expenses such as study materials, field trips and accommodation, allowing her to focus on her course. Zebah also actively contributed to college life this year helping with outreach, supporting interview preparation for prospective students, and co-hosting an Iftar at St Anne’s College. Looking ahead, she is committed to promoting sustainability and supporting underrepresented applicants through her role with the Oxford University Islamic Society Access Team.

“I hope to continue supporting prospective students, especially those from underrepresented backgrounds, as they navigate their path to higher education. | am also passionate about integrating sustainability more actively, not just within my own community, but also here in Oxford by contributing to projects and initiatives that promote long-term, positive change.” Zebah

Two other Medical Students credit the Foundation’s support with enabling their academic success, supporting wellbeing, clinical and leadership development, and easing financial pressures.

In their third year, one scholar achieved a high 2:1 and was awarded 70% for their dissertation on novel upcoming cancer therapeutics, supporting a career trajectory as a physician in research. “This scholarship has not only provided financial assistance but also a sense of deep stability, which has made a real difference to my university experience.” In their final year, another scholar at St Anne’s began clinical placements. Immersed in hospital environments, they developed hands-on clinical skills and had the rare opportunity to assist in surgeries. They also completed a leadership module focused on NHS governance and audit and began research in trauma and orthopaedics. As Events Officer for the Oxford Trauma and Orthopaedics Society, they organised a highprofile lecture with a globally renowned sports surgeon. They also contributed to equity and inclusion initiatives at the Medical School and continued advocacy for maternal mental health. “My time at university and in medical school has been profoundly fulfilling. | have grown not only in knowledge and clinical competence but also in confidence and leadership. | am deeply thankful for the opportunities you have afforded me which has truly been lifechanging.”

The Warwick Islamic Education Programme continues to widen access to Higher Education among the hard-to-reach and economically disadvantaged groups of young British Muslims. Established and recognised for promoting transformative Islamic WARWICK education, British Muslim faith leaders, particularly from low-income backgrounds, are heen lneddeetantethaettien encouraged to pursue postgraduate study.

The Foundation supported 3 Warwick Sheikh Family Scholars. These high-achieving students have been able to pursue academic excellence while giving back through community service. By nurturing confidence, educational resilience and leadership potential, the programme empowers scholars to become positive role models - Registered charity no. 111848)2 - a YQThe COSARAF Charitable Foundation, Parkview,20 82 Oxford Road, Uxbridge, UBSwe

==> picture [121 x 49] intentionally omitted <==

----- Start of picture text -----
SS
CHARITABLE FOUNDATION
----- End of picture text -----

TRUSTEES' REPORT FOR THE YEAR ENDED 5 APRIL 2025

a and transformative leaders. A core focus remains on reaching the most talented and disadvantaged individuals, fostering long-term impact within British Muslim communities.

Mus’ab Panjwani

“Mus’ab is a highly experienced British Muslim faith and educational leader who leads his local Maktab. He is highly motivated to engage with personal and professional development opportunities and become an agent of positive change within his local community.”

Mohammed Yahya Mahmed Sidyot “Mohammed continues to teach at his local Maktab in Manchester and experiments with integrating the practical pedagogical skills in his teaching practice. He continues to serve his local community and facilities positive change within his local community.”

Shaleena Begum Ali

“Shaleena is a highly competent British Muslim educational leader who is dedicated to improve educational | standards in her Maktab in London. She continues to be motivated to engage with personal and professional development. She continues to develop competence for reflective practice in community-embedded educational settings.” 1) OWNING At Downing College, the scholarship has been transformational for recipients, COLLEG © alleviating financial worries and allowing focus on academic studies and attainment. SAMPRIDGE tHe support has helped reinforce university initiatives to engage underrepresented communities in higher education and hasa direct impact on the Access and Participation Plan, which aims to increase student numbers from Muslim backgrounds.

fa First-year Geography student Aamina Azam at Downing College described the scholarship as eee, vital in reducing financial pressure and helping her embrace university life. Q In addition to scholarships, the COSARAF Foundation awarded 3 studentships to OAD) GraduatePakistani andStudentshipBritish PakistaniProgrammestudentsprovides on thevital OxfordfinancialPakistansupport, Programmeenabling (OPP).students Theto a landobelial continue their academic studies at Oxford without the burden of financial hardship. Many Pea entaeee students, including those on scholarships, face funding delays or insufficient awards that can disrupt their ability to fully engage with academic life. The OPP Studentships are designed to bridge this gap, ensuring recipients can pursue their education without undue stress.

The COSARAF Charitable Foundation, Parkview, 82 Oxford Road, Uxbridge, UB8 c—— Se LET ES CBU NG ————S Can Registered charity NO. 1118481'""""steessnses= - 21

==> picture [120 x 56] intentionally omitted <==

----- Start of picture text -----
— a
CHARITABLE FOUNDATION
----- End of picture text -----

TRUSTEES’ REPORT

FOR THE YEAR ENDED 5 APRIL 2025

Muhammad Tasmir Aziz (MSc Modern South Asian Studies)

“Your contribution will be instrumental in allowing me to cope with the living expenses incurred during my degree.”

Jahanzaib Nowsherwan (DPhil Inorganic Chemistry)

‘Without this support, it would be nearly impossible for me to stay at Oxford. The financial assistance has not only supported my current studies but has also laid a solid foundation for my future career.”

Nimra Yousaf (MSc Env. Change & Management) “This studentship has been an integral in allowing me to carry through with my research, focussing on collecting data in the UK and Pakistan to analyse risk perception in flood risk communication.”

Thriving People Through Access to Skills

The Foundation has supported two programmes in the UK which are focussed on giving people access to life changing skills.

==> picture [442 x 49] intentionally omitted <==

----- Start of picture text -----
Cycle Sisters is a project in Waltham Forest engaging 96 Muslim women and teenage
1 girls in culturally inclusive cycling. Funding also enabled training of 10 volunteer Ride
CANE$ RS‘oO community-ledLeaders, who actphysical as roleactivity. modelsBenefits by challengingto this cultural barriersminority group are andclea p r :omoting sustained,
----- End of picture text -----

° 91% reporting increased self-esteem

e 92% saying they have better health e 86% feeling they have developed stronger social ties

With their newfound cycling skills and social connections, participants are now independently organising rides.

“Cycling has really helped me, not just physically with my arthritis, but socially too. I’ve met amazing women through the lessons and feel more connected.” The King’s Trust helps young people facing disadvantage or adversity to develop essential life a») skills, work readiness and give them access to job opportunities. ee The COSARAF Foundation supported 11 young entrepreneurs this year. Kingstrust

Megan, founder of Curated Makers, transformed her passion for supporting small businesses into a thriving venture with help from The King’s Trust Enterprise programme, giving Megan confidence, mentorship and skills. Today, Curated Makers connects small businesses to big opportunities.

==> picture [453 x 108] intentionally omitted <==

----- Start of picture text -----
“Oh, how | wish | knew entrepreneurship was a possibility for me sooner. I'm grateful for The King’s Trust for
showing me that it was, in fact, possible!” Megan
Registered charity no, 1118481 ee
CaThe COSARAF Charitable Foundation, Parkview,22 82 Oxford Road, Uxbridge, oe
----- End of picture text -----

| |

| |

==> picture [100 x 15] intentionally omitted <==

----- Start of picture text -----
CHARITABLE FOUNDATION
----- End of picture text -----

TRUSTEES' REPORT

FOR THE YEAR ENDED 5 APRIL 2025

==> picture [451 x 103] intentionally omitted <==

----- Start of picture text -----
eas iy Rosie-May, founder of Mays Wonderfully Woven, creates hand-woven soft furnishings
b _ ‘o. _, and accessories. She received essential training, business support, mentoring and a
e- Start-Up grant. Funding helped her invest in new weaving looms, expanding her
\ 7 » _workshop offerings.
ip’ . “The cost of these materials is significant and not something | could afford to do at this
{ — time without the support of The Trust. It will make a huge difference in terms of
ei ¥ cementing my business”. Rosie-May
f
----- End of picture text -----

Thriving People - Supporting Basic Needs

The COSARAF Foundation’s funding in the UK also ensures the most vulnerable are supported in times of need. see Herts | The Foundation grant pays the annual cost for the Herts Domestic Abuse Helpline’s Reece telephone operating system. This provides a safe, anonymous service for all callers and Helpline data analysis to support the charity in assessing and evaluating need. This year 1,984 vulnerable callers, affected by domestic abuse were supported with a confidential, free, support and signposting service.

“Your support has enabled us to keep our phone line open for callers in need of domestic abuse advice and Support.”

This year, the Foundation provided 257 Hardship Grants, prioritising support for those facing the greatest financial exclusion, families, people with caring responsibilities, and requests for items that will have a lasting impact.

Mental and physical ill health; caring responsibilities and no rights to work are top drivers of financial hardship.

“Thank you again to COSARAF Foundation for your generous vouchers towards (this family). They have had fo move home with five days notice and have endured much upheaval with their children’s schooling and other stressors. Being able to purchase a new bed and winter clothing has made a huge difference to their quality of life, they send their deepest gratitude to you." Health and Social Care Alliance Scotland

The COSARAF Charitable Foundation, Parkview, 82 Oxford Road, Uxbridge, UB8 —— Registered charity no. 1118491" | Cn egistered charity23 no 1 —————

==> picture [24 x 7] intentionally omitted <==

----- Start of picture text -----
—
----- End of picture text -----

CHARITABLE FOUNDATION

TRUSTEES' REPORT

FOR THE YEAR ENDED 5 APRIL 2025

“(The applicant) was very thankful for the money. Though | work with the homeless daily | did find his case the hardest to walk away from, so | personally am delighted there was a fund he could access to help him get by.” Looking After the Homeless Group

"On behalf of (the applicants) family, heartfelt thanks for the outstanding support provided. Your generosity has made a profound and positive impact on the lives of those affected. We are deeply appreciative of your continued commitment to bringing hope and meaningful change to the lives of children and families in need." Contento Social Home

The COSARAF Charitable Foundation, Parkview, 82 Oxford Road, Uxbridge, UB8 i — Cn Registered charity no. 111848 1SO

24

|

|

==> picture [177 x 56] intentionally omitted <==

----- Start of picture text -----
ve a =
—
CHARITABLE FOUNDATION :
----- End of picture text -----

TRUSTEES' REPORT

FOR THE YEAR ENDED 5 APRIL 2025

|

International Support

The COSARAF Foundation has funded 14 Partner Programmes and 7 Ramadan Partners internationally, countries supported include Pakistan, Kenya, Bangladesh, India, Ghana, Zimbabwe, Malawi and Uganda.

COSARAF Foundation International Support2024/5

|

==> picture [410 x 199] intentionally omitted <==

----- Start of picture text -----
Mm] PAKISTAN
Programmes i pyres
|e 377
1 Partner Programmes rf Y
# | BANGLADESH y ‘ > NX
arse 3 Ramadan Partners f y YY
psa. 1 PaRAGe Programme / f Total25,478people ie 95,221 Is
GHANA i supparted in Grants : ne |
1 Partner Programme \ 2024/5
i ZIMBABWE1 Ramadan Partner NY. : ’ y |
UGANDA i Coie
= 1 Ramadan Partner
e@
Individuals funded April 2024 - March 2025 Estimated total meals funded April 2024 - March 2025
----- End of picture text -----

Pakistan

A Sustainable Community in Mehran Town

In Mehran Town, the COSARAF Foundation’s long-term support of the Fahmida Begum Foundation (FBF) is fostering a sustainable community by ensuring basic needs are met; building facilities; and the local community are equipped with skills to enable individuals to become self-sufficient.

As support through Fahmida Begum Foundation has become more holistic and sophisticated (the initial focus was to provide shelter and nourishment to families struggling to make ends meet), partnerships with GEAR and SEED Ventures have deepened the impact for individuals with FBF providing the foundation, people and location for the GEAR and Imarah programmes to develop vocational skills and long-term change through employment for people in Mehran Town. The place-based nature of this funding creates a sustainable, collective impact for the community, striving to break the cycle of poverty.

==> picture [424 x 63] intentionally omitted <==

----- Start of picture text -----
Lr Oxford Road, Uxbridge, UB8—
rn Registered charity no.25 1118491
----- End of picture text -----

==> picture [120 x 60] intentionally omitted <==

----- Start of picture text -----
——— 5
CHARITABLE FOUNDATION
----- End of picture text -----

TRUSTEES' REPORT

FOR THE YEAR ENDED 5 APRIL 2025

==> picture [444 x 89] intentionally omitted <==

----- Start of picture text -----
\OA The Fahmida Begum Foundation directly supports 5,008 individuals via community-
ta B€6 based services, from feeding; programmes to education and vocational training._ The
Ps , i depth of immediate and transformational support for the community’s most vulnerable
has continued this year:
“ o * 4,680 people provided with immediate relief: food and medical care
(7) «\
NDA ¢ 71,211 meals to community members
----- End of picture text -----

The impact of place-based support will be even further strengthened with the funding of the Centre of Excellence and Empowerment, a significant development in the partnership between Fahmida Begum Foundation and the COSARAF Foundation. Building works are well underway to create a home for the provision of services for the 200,000 residents of Mehran Town. The centre will deliver education, healthcare, and vocational training, aiming to empower the community, strengthen local infrastructure, and encourage socio-economic development.

==> picture [431 x 48] intentionally omitted <==

----- Start of picture text -----
The Imarah Programme has empowered 186 women with literacy, digital, and
= z Ne)cvesewtr oe Dcee Ventureenterpri s ehasskills.created The Foundation’swomen who fundingmanage ofbusinesses, the programme,support deliveredtheir families, by SEEDand
inspire others into economic participation. In partnership with FBF, the programme
----- End of picture text -----

has delivered:

| | |

==> picture [101 x 17] intentionally omitted <==

----- Start of picture text -----
TicnaELE FOUNDATION
----- End of picture text -----

TRUSTEES' REPORT FOR THE YEAR ENDED 5 APRIL 2025

==> picture [425 x 48] intentionally omitted <==

----- Start of picture text -----
att The COSARAF Foundation funds GEAR more widely across Karachi, providing 195
, 7” \%e women with interest-free microfinance to facilitate self-employment. The programme
ELA. R. promotes social innovation empowering women to start their own initiatives from the
, comfort of their homes crucially enable them to contribute financially to their families.
----- End of picture text -----

In Mehran Town, the women are engaged through the partnership with FBF and have also been equipped with entrepreneurial, financial, and communication skills to enable their transition from domestic roles to becoming confident, income-generating business owners.

“ww Naila, an immunocompromised woman, turned her dream of opening a beauty parlour into { \ | reality with support from the GEAR Women Self-Employment Programme and COSARAF AN NY funding. With the micro-finance loan, she launched her business, attracting clients through | word of mouth and WhatsApp. Despite mobility challenges, she runs the parlour with her beauty salon husband's help and plans to expand online. Grateful for the support, Naila hopes her journey | will inspire other women facing similar hardships. | Seema, a mother of three, faced financial hardship after her husband lost his | job. Determined to support her family, she joined the GEAR Women Self|| WN Employment Programme, learning about it through her neighbour anda field “> officer. With her micro-finance loan, she expanded her small business selling = unstitched clothes. Through local connections and word-of-mouth, her customer .aen---=—“eema’s base and profits grew. Seema now earns a regular monthly income, gaining financial stability and independence for her family. Yasmeen, a mother of five, turned to the GEAR Women Self-Employment Programme | after her paralyzed husband could no longer support the family. With her micro-finance . loan, she purchased a Juki machine and materials, reviving her stitching skills to earn an qe a income. Orders soon followed, including work from a Tariq Road shop. With support from aaSet her husband and daughter, Yasmeen dreams of expanding her business to secure her children’s education. She’s grateful, saying, “A machine made my life.” Registered charity no. 1118481 SE ae CnThe COSARAF Charitable Foundation, Parkview,27 82 Oxford Road, Uxbridge, UB8 —

==> picture [100 x 7] intentionally omitted <==

----- Start of picture text -----
CHARITABLE FOUNDATION
----- End of picture text -----

TRUSTEES' REPORT FOR THE YEAR ENDED 5 APRIL 2025 a Thriving Women and Girls

The COSARAF Foundation’s commitment to empowering women and girls, is evident in the support of 50 girls at Deaf Reach and 80 at the Noor Girls Home, this focussed and comprehensive support has delivered transformational change for these girls.

—F, FESF vitalAt Deafrole Reachin providing Schoolsqualityin Lahoreeducation and Karachi,to the Deaf the community. long-term fundingThe support has plh a yeds a | Family Educational Services Foundation enabled staff training, improved teaching resources, and enhanced learning | environments, educating 50 girls. Pakistan Sign Language (PSL) training for both Deaf students and their families, has promoted more inclusive environments where Deaf individuals feel connected and understood. At least 200 family members were taught PSL, creating inclusive home environments. This partnership has not only transformed students’ lives but has also created a ripple effect across wider society, raising awareness of Deaf education, promoting Deaf culture, and advancing FESF’s vision of a more inclusive Pakistan.

Hadia, a 14-year-old student at Deaf Reach Lahore, is a talented young artist and golfer. a) She aspires to study at the National College of Arts. Hadia also hopes to become an ima) advocate for change, inspiring others by showing that deafness is not a limitation, but — | *) 44 simplya different way of communicating. the The Noor Girls’ Home provides not only safe housing, but also holistic care, education noor and vocational training ensuring a brighter future for every girl. Sy project icrreeavatunaeroxoenoxm §O Orphaned girls were supported by the Foundation’s funding this year, with major achievements this year including:

e Wider charitable investment has been inspired by the success of the project “COSARAF'’s support has been transformative for Noor Girls Home. Your generosity has greatly improved the living conditions, education, and emotional well-being of orphaned girls. Noor Girls Home provides these girls with a safe, nurturing environment, many of them experiencing stability for the first time.” Registered charity no. 111949 1 TO YQThe COSARAF Charitable Foundation, Parkview,28 82 Oxford Road, Uxbridge, UB8we

|

|

|

|

==> picture [119 x 62] intentionally omitted <==

----- Start of picture text -----
———==" J
CHARITABLE FOUNDATION
----- End of picture text -----

TRUSTEES' REPORT

FOR THE YEAR ENDED 5 APRIL 2025 aee ee ee ee Thriving People through Skills

Elsewhere in Pakistan, two further projects highlight how the COSARAF Foundation funding is enabling young people to realise their potential. Through education and training, students are learning the skills and confidence to progress and thrive in education and entrepreneurship.

==> picture [450 x 88] intentionally omitted <==

----- Start of picture text -----
| iow aa One standout participant, Zakia (16), led her team to victory with their business idea
= aed | Roshni, which produces affordable braille books and transcription services for
- visually impaired students. With mentors and practical coaching, Zakia gained
f essential business skills and confidence, creating a working enterprise. She is now
= | using the prize money to grow Roshni, across Pakistan and eventually the wider
region. Her journey highlights how practical enterprise education can empower
5 young people to create socially impactful ventures.
----- End of picture text -----

es Registered charity nO. 1118481EE"tts ———QoThe COSARAF Charitable Foundation, Parkview, 82 Oxford Road, Uxbridge,UBS UX 29

==> picture [101 x 15] intentionally omitted <==

----- Start of picture text -----
‘CHARITABLE FOUNDATION
----- End of picture text -----

TRUSTEES' REPORT

FOR THE YEAR ENDED 5 APRIL 2025

Kenya

Thriving People through Health

Meeting the basic needs of people provides the foundation to thrive. While the COSARAF Foundation’s support of Shamakha feeds 400 people in need of relief in Kenya each week, Women and Children First have ensured the health of at least 174 women and young girls.

a a ar time Prioritising the basic needs of the poorest and under-privileged citizens of ‘ Ge A ia | the coastal province of Kenya, the Shamakha Foundation focuses on two = ee ‘ee 4 locations that are regularly hit by drought. The COSARAF Foundation . an aloe: 1) funding ensures families are fed a meal containing meat for protein, once a - (4 4 cn ae week. This support feds 400 people and results in 12,800 meals provided. “We underestimated how much of a difference a reliable, weekly meal would make not just nutritionally but emotionally and socially as well. Many families rely on this meal for their children especially and it has built a strong sense of trust between us and the community.” @ @ women & 174 Girls were empowered througha pilot project with Women & ®& Cc hy ‘Id| ren £jirsrs AdolescentChildren First.SexualParticipatoryand Reproductive Learning andHealth, Action was(PLA) groupspiloted from for December 2022 to November 2024, to improve the sexual and reproductive health of adolescent girls and young women. The initiative established 10 PLA groups that enabled girls to identify health barriers and implement local solutions, while receiving support from trained facilitators and health workers. The project enabled greater knowledge of family planning, HIV prevention, and hygiene; boosting confidence; and reducing stigma around teenage pregnancy. It improved dialogue between girls and their parents and encouraged increased use of SRH services. Health workers observed higher uptake of services and improved community health awareness.

Thriving People through Skills

Two programmes in Kenya focus on education, providing opportunities for individuals, providing them the skills and confidence to reach their potential.

The EADCT takes a leading role in addressing gapsin life skills and ast fl Ca trch a racternsforms dev th e lopmentlives of young within Kenygirls a nd’s educati boys fr o nm secto unde r privileged. EADCT positively Character Development Trust communities through character development, using sport as a medium of delivery. In the final year of this funding, 5,020 young people were supported and 102 facilitators trained. The COSARAF Charitable Foundation, Parkview, 82 Oxford Road, Uxbridge, UB8 wee Can Registered charity no.30 1119491 mee eee

|

|

==> picture [55 x 9] intentionally omitted <==

----- Start of picture text -----
——_
----- End of picture text -----

==> picture [100 x 6] intentionally omitted <==

----- Start of picture text -----
CHARITABLE FOUNDATION
----- End of picture text -----

TRUSTEES' REPORT

FOR THE YEAR ENDED 5 APRIL 2025

Beyond immediate beneficiaries, the Foundation’s funding has helped attract further investment in school infrastructure (libraries, internet access, and digital resources) and has provided a scalable model for delivering the Physical and Health Education syllabus, amplifying the programme’s impact.

Dennis Mwaura, an alumnus of the EACDT programme at Dr Aggrey Primary School in Nairobi, overcame a childhood marked by poverty, crime, and instability in one of Kenya’s toughest slums.

Introduced to cricket through the programme, he discovered unexpected talent and, through structured coaching and character education, began to rebuild his life. Cricket gave Dennis purpose, while the programme’s focus on values helped him resist gang pressure and commit to positive change.

Nowa full-time employee at EACDT and founder of youth media platforms in Majengo, Dennis uses his experience to uplift others, proving how sport and character education can transform lives and inspire wider community impact.

Ad Africa@ vantage rica The COSARAF Foundation’s new partner, Advantage Africa has pathways out ef poverty enabled 34 disabled school-leavers to start home-based | businesses.

34 school-leavers with intellectual disabilities from 13 schools in Kenya have successfully transitioned into adulthood by starting home-based income-generating activities. This addresses a longstanding issue of students remaining in school without clear progression. This project offers a transformative, practical model that demonstrates to the Kenya Special Education Department and the wider education sector that structured transition pathways can lead to improved individual outcomes and more effective schools. Its success provides a compelling case for national replication and marks a significant step forward in inclusive education.

Jenifha, to adulthood(22) hasby starting moderatea home-basedlearning disabilities.farming enterprise,She was supporteda grant from to transitionthe COSARAFfrom school Foundation enabled her to buy a heifer. Having gained practical farming skills at school and home, she now rears the heifer and cultivates her family’s land. With strong support from teachers, family, and local leaders, Jenifha’s journey reflects the success the project in building independent lives, for thriving individuals.

==> picture [58 x 83] intentionally omitted <==

----- Start of picture text -----
h, a, i A !
Weae ,
— ee
Sams, |"
e >
a }
----- End of picture text -----*

The COSARAF Charitable Foundation, Parkview, 82 Oxford Road, Uxbridge, UBB 1K Can Registered charity no.31 12 —————

==> picture [175 x 61] intentionally omitted <==

----- Start of picture text -----
—
cOsarat
CHARITABLE FOUNDATION
----- End of picture text -----

TRUSTEES’ REPORT

FOR THE YEAR ENDED 5 APRIL 2025

India, Bangladesh & Ghana

The COSARAF Foundation has supported enhanced education in India and Ghana, to give young people the opportunity to reach their potential.

The African Gifted programme hasa transformative impact, empowering Muslim Thy. girls (often discouraged from pursuing STEM careers) through education. Five out a *., AFRICAN of six scholarship recipients have secured full university places at leading global AG SC OUNBATIDN institutions. Beyond individual success, the scholarships have begun to shift : perceptions within Muslim communities in northern Ghana, where such opportunities were previously rare. This year the Foundation supported two scholars.

MADIHATU SULEMANA

==> picture [455 x 143] intentionally omitted <==

----- Start of picture text -----
| Trt 7 eR
Bi: : n Oise “! aspire to become an environmental steward, economic thinker, and
Fenihigscnel 1 ewestired electrical engineer, and use STEM skills to tackle challenges in my
Ot,ena Coe ppm community: access to clean water, pollution, and waste.”
SWABIRATU BADIMSU GURU ABDUL-WAHAB
LE Ogi DL —— | -
face en: | RM “| want to study Medical Physics. Growing up, | saw how limited access to
a (OF it WN Pyiciset ey, AM medical technology affected healthcare in Ghana, which inspired me to create
ote oh ANY ae ea solutions.”
Hoan . ‘ A : , Abe
hoe we
----- End of picture text -----

In India, the Ghazipur Childrens Centre is an after school Educational Centre with the mission to provide children from low-income communities with a better-quality education, enabling them to maximise their potential and transform their lives. 200 children have benefitted from the Foundation’s support, and 25 facilitators have been trained. This year Foundation funding has also been used for the scholarship scheme, with all 20 scholars passing their exams Si Bangladesh. In response to the cyclone crisis, the Foundation contributed to the @)[PLAN] itnitas TheCyclone COSARAFRemal FoundationEmergency alsoResponse providedrun immediateby Plan Intr e rnatilief t o 50nal individualsto provide in immediate assistance and support to those affected by the disaster. People

received:

¢ Emergency cash assistance for food and essential items

¢ Vital school i i intain learning Registered charity no. 1118481" YQThe COSARAF Charitable Foundation, Parkview,32 82 Oxford Road, Uxbridge, UB8we

|

==> picture [119 x 61] intentionally omitted <==

----- Start of picture text -----
——— 7
CHARITABLE FOUNDATION
----- End of picture text -----

TRUSTEES’ REPORT FOR THE YEAR ENDED 5 APRIL 2025 ee a eee aca ee ee ee

Rabeya, in coastal Bangladesh, gained knowledge of disaster resilience which she used to protect her family and assets during Cyclone Remal. With funding from Plan International, she implemented an early action plan, raising her house, protecting livestock and securing her pond. Her quick response and preparedness, learned through courtyard meetings, kept her house and fish safe from the cyclone’s devastation. “Before Cyclone Remal, | received some funds from Plan International. | used it to implement an early action plan which protected my house and assets”.

Global Ramadan Impact

|

In 2024-25, the COSARAF Foundation’s Ramadan activities demonstrated significant scale and coverage across three regions, focussing on marginalised groups. Funding reached 13,543 people and delivered 321,199 meals across the UK, Asia, and Africa. The programme combined food security interventions with community-building activities, enabling vulnerable groups to fast with dignity and strengthening community cohesion.

UK: Community Cohesion and Inclusion through Ramadan Celebrations

==> picture [448 x 107] intentionally omitted <==

----- Start of picture text -----
In the UK, the COSARAF Foundation has promoted religious tolerance, community cohesion and integration
through the funding of five Ramadan initiatives. 1,030 people attended Foundation funded community Iftars.
mum the Ramadan Tent Project hosted the Open Iftar sponsored by the Foundation at The
sy | Atrium, Senate House, SOAS, London. Attended by 200 guests, including COSARAF
1 pt @ . Foundation partners, family members, and scholars from St Anne's College, Oxford, and
a #| Warwick University. The event encourages inclusion by creating space for dialogue and
bes ema 4) understanding, reinforcing commitment to community cohesion and interfaith engagement.
The importance of building and nurturing relationships within communities, was celebrated.
----- End of picture text -----**

“It was a privilege to welcome such a diverse group to break fast together.” Delivery Partner

SHOW In partnership with Show Racism the Red Card, a series of community interfaith Iftars were RACISM held in football and rugby stadia across Wales, bringing together 650 people from all THE backgrounds to share in the spirit of unity and understanding, as they came together to break RED their fast and foster interfaith dialogue. CARD “The Community Iftar event was a truly inspiring evening that brought people of all backgrounds together in a spirit of unity and understanding. It provided a safe and welcoming space for meaningful conversations, cultural exchange, and breaking down barriers. Events like this are vital in promoting inclusivity, challenging stereotypes & strengthening community cohesion” Swansea City FC

At a London community centre, multi-faith Iftars welcomed 180 guests from the wider community, including food bank guests. A 3-course meal, Qur'ans with translations and Ramadan leaflets helped share the significance of this holy month, creating a positive and inclusive atmosphere, strengthening community bonds

The COSARAF Charitable Foundation, Parkview, 82 Oxford Road, Uxbridge, UB8 1UX=S Registered charity nO. 1118481"tennant set

33

==> picture [67 x 10] intentionally omitted <==

----- Start of picture text -----
— =
----- End of picture text -----

==> picture [5 x 7] intentionally omitted <==

----- Start of picture text -----
y)
----- End of picture text -----

==> picture [101 x 6] intentionally omitted <==

----- Start of picture text -----
CHARITABLE FOUNDATION
----- End of picture text -----

TRUSTEES' REPORT

FOR THE YEAR ENDED 5 APRIL 2025

and demonstrating the values of hospitality and compassion. Extra food packets to struggling multi-faith families, and sweet treats for children were also delivered.

Iftar & Suhoor meals were served daily at a centre in Harrow, with over 500 people attending each day, including men, women, and children from the local community.

In addition, a small grant to Migrant Help was used to provide prayer mats and scarves to 112 asylumseeking women during Ramadan, offering both spiritual and practical support at a time of deep personal hardship. These meaningful gifts enabled women to connect with their faith, offering comfort, dignity, and a lasting reminder of the spirit of Ramadan.

Asia: Food Security and Social Support during Ramadan

In Pakistan and Bangladesh, the COSARAF Foundation has supported 8,235 needy individuals to celebrate the holy month of Ramadan, funding 223,538 meals.

In Mehran Town, Pakistan, the Fahmida Begum Foundation provided families with Ramadan Food Parcels, and Iftar meals feeding 7,208 people and funding 203,538 meals.

==> picture [456 x 90] intentionally omitted <==

----- Start of picture text -----
In Bangladesh, three Ramadan Initiatives were supported. At the Nabigonj Darul Ullom Boys Orphanage, 100
orphaned boys were supported with Sehri and Iftar meals, enabling them to observe Ramadan while
continuing their studies. 75 girls received 150 meals at the Jamia Darussunnah Orphan Centre.
\ a Carers Worldwide delivered 19,750 meals. The Foundation funded food packages
. and 200 carers.
(caworldwide:rers for 129 families for month of Ramadan and9 Iftar parties for 200 disabled children
—
----- End of picture text -----

‘Without these packages, many families would have struggled to fast.” Carers

Worldwide Bangladesh

In addition, Ramdan funds ensured that:

==> picture [429 x 142] intentionally omitted <==

----- Start of picture text -----
\
\ .
— (. \ }
| Jonika and Sangida
Registered charity no. 1118481"
CaThe COSARAF Charitable Foundation, Parkview,34 82 Oxford Road, Uxbridge, UB8we
----- End of picture text -----

| |

==> picture [100 x 6] intentionally omitted <==

----- Start of picture text -----
CHARITABLE FOUNDATION
----- End of picture text -----

TRUSTEES' REPORT FOR THE YEAR ENDED 5 APRIL 2025

Jonika, is a devoted caregiver to her 10-year-old daughter Sangida, who has cerebral palsy. Financial hardship makes life even more difficult. During Ramadan, they received eye care, food packages, and an Iftar gathering, easing their burden, and bringing joy. Both received a pair of spectacles, an intervention which brought immediate impact.

“It was like a light turned on in Sangida’s world. She looked at me and smiled. That moment meant

everything.”

==> picture [454 x 108] intentionally omitted <==

----- Start of picture text -----
{ venta =, f 4) Jorina, who cares full-time for her autistic son Jihad, has faced deep hardship\
ne a and isolation. Support through Ramadan funding supplieda tailored learning\
oe C > b> Al device to help Jihad communicate better, as well as nutritious food packages.
/| Se . y } For Jorina, an Iftar gathering and long-overdue eye care reminded her she
atondecoe7 7 mattered too. The support provided dignity, connection, and hope, affirming
a her vital role as a carer and recognising both her and Jihad’s needs.
----- End of picture text -----

|

Africa: Food Security for Vulnerable Communities

The COSARAF Foundation has supported three charities in Africa to deliver food parcels for the month of Ramadan. The Hatcliffe Extension Charitable Trust in Zimbabwe delivered food hampers for 1,850 people, across four Islamic centres in Harare, totalling 55,500 meals.

“The food parcels allowed families to fast without worry and strengthened community ties.” HECT Partner In Uganda, SHIWA Foundation distributed 250 food packs which provided 37,500 meals for refugees and displaced people.

Sheikh Ibrahim, a 52-year-old refugee from South Sudan, has served as an imam in the Nakivale Settlement for five years. Despite his leadership role, he struggles to provide for his family of seven due to limited resources, During Ramadan, his responsibilities increase; leading prayers, offering spiritual guidance, and supporting vulnerable community members, while his own food supplies often run low. The COSARAF Foundation funding supplied a food pack with enough supplies to sustain his family for weeks.

"This relief came at the perfect time, | could focus on my duties without worrying about feeding my children or turning away hungry congregants."

The pack also allowed him to host small iftars for orphans in the community, strengthening bonds during Ramadan.

“The joy on their faces was priceless, this support reminded us we are not forgotten.”

|

In Malawi, the Foundation supported WAFA schools with food parcels for 354 households, including Nsima (a staple meal), andsBi@ Giftswhichsbroughtjoy[t0°200.orphaned][children.] The COSARAF Charitable Foundation, Parkview, 82 Oxford Road, Uxbridge, UB8 woe na Registered charity no. 1119451 ee O 35

.

==> picture [101 x 7] intentionally omitted <==

----- Start of picture text -----
CHARITABLE FOUNDATION
----- End of picture text -----

TRUSTEES' REPORT FOR THE YEAR ENDED 5 APRIL 2025

==> picture [457 x 415] intentionally omitted <==

----- Start of picture text -----
Our commitment to Diversity Equity and Inclusion
The Foundation is fully committed to promoting Diversity, Equity and Inclusion across all aspects of its work:
° The Foundation recognises that people from diverse backgrounds bring fresh ideas and a different
approach that makes the way we work and learn more fun, more creative, more efficient and more
innovative, bringing benefits to the organisation.
° The Foundation actively seeks to recognise, value and take account of individuals’ different
backgrounds, knowledge, skills and experience to create a more productive and effective
organisation.
° The Foundation seeks to ensure that all who work for and deal with us feel valued and welcome.
° The Foundation strives to ensure that everyone has access to the same opportunities in their
dealings with the Foundation but recognizes that advantages and barriers exist for different
individuals. The Foundation recognises that individuals have unequal starting places and that we
must make efforts to correct and address such imbalance.
} ! \ \ f i \A} ty bdj | i‘ Fa BsfhrayEeoi ' i | ry I | ; be | Li | ff!izy i
ret \ ; . ‘ } 4 tle N | },
ay i i! } |
MA ili)
f ny 7 \ . ‘ i Sz < . .
3 mad ‘ Peo 3 3 ‘ Tt |
The Foundation has published its Diversity Equity and Inclusion Statement on its website (see Diversity, Equit
and Inclusion Statement - COSARAF). In line with the approach set out in this Statement, we implemented a
new monitoring information approach for all grant applications in 2019. Trustees keep this prominent issue
under regular review and will consider the need for further action.
----- End of picture text -----

Our fundraising and investment performance

The Foundation remains indebted to the generosity of the Sheikh family for choosing to use the Foundation as their preferred vehicle by which to support their philanthropic endeavours. The Foundation is also grateful for the very generous support of Grosvenor UK.

During the year, trustees have continued to considerthe means by which the Foundation might develop a longterm financial asset to enhance the Foundation’s long-term sustainability. Whilst trustees remain keen to develop such an asset in the medium- to long-term, they have chosen to use the Foundation’s assets currently to support charitable endeavours through the use of social loans to charities to support projects in line with the Foundation’s Objects. TSSES Se Registered charity no. 1118481" YQThe COSARAF Charitable Foundation, Parkview,36 82Oxford Road, Uxbridge, UB8we

CHARITABLE FOUNDATION

TRUSTEES’ REPORT

FOR THE YEAR ENDED 5 APRIL 2025

Legal status

The COSARAF Charitable Foundation was established as an unincorporated body, registered with the Charity Commission, by Deed of Trust dated 31% January 2007. The Foundation was incorporated as a body corporate on 27" April 2016 by the Charity Commission of England and Wales under the power given in s251 of the Charities Act 2011.

|

PLANS FOR FUTURE PERIODS

  • We have ended year two of the current three-year strategy. the three strategic aims remain:

  • e To deliver a powerful focused portfolio of projects, delivering significant and sustainable impact in line with its strategic priorities.

  • e To ensure the Foundation is well-resourced, with a strong staff team supporting a highly effective and engaged Board of trustees and wider family members.

|

  • e To develop a Foundation that is respected as providing a positive and powerful example, in partnership with other similar foundations, of the contribution of British Muslims to wider society.

==> picture [269 x 151] intentionally omitted <==

----- Start of picture text -----
ue) 2 ae oF a
ee aM * ae }
«6 t 4 - \ IAS “|
owe. 24” a
poe bis ane
----- End of picture text -----

For the year ahead, trustees have identified the following key new objectives:

  • e Drive developments, focussing on objectives for the Fahmida Begum Foundation including: o The establishment of the permanent Centre of Excellence and home for FBF o Supporting the growth of the leadership and senior management of FBF o Diversifying the range of services whilst continuing to champion the programmes for women empowerment, vocational training, medical provision and special needs education.

  • o Sustain the improvements made with the reporting mechanisms on project delivery, impact measurement and financial reporting

  • e Continue encouraging collaboration between our partners to increase impact and reach. e To increase our work in Kenya, sourcing new partners with the aim to foster ownership and influence delivering innovative services meeting our key objectives for sustainability and enterprise.

  • e Complete the annual review of the grant-making schemes as part of a process of continuous improvement and review the current Impact Assessment Framework.

The COSARAF Charitable Foundation, Parkview, 82 Oxford Road, Uxbridge, UB8— Can Registered charity no.1118491 37

| | |

==> picture [101 x 63] intentionally omitted <==

----- Start of picture text -----
—————.
CHARITABLE FOUNDATION
----- End of picture text -----

TRUSTEES' REPORT

FOR THE YEAR ENDED 5 APRIL 2025

aeee Se

e Continue to drive greater focus in our work through the development of a smaller number of ‘flagship’ programmes to maximise the Foundation’s impact and strengthen our relationship with the University of Warwick and their School for Islamic Education in this regard. e Raise the profile of the Foundation to improve our network and strategic partnerships

GREEN IMPACT

  1. Sustainable Building Design at Kals Pajjay School (Pakistan) The new school build was explicitly designed with sustainable energy, safe sanitation, and appropriate technology, setting “a new standard for future projects” This contributes to long-term climate resilience and reduces environmental impact.

  2. Sustainable Community Development in Mehran Town (Pakistan)

The Foundation’s place-based support aims to create a “sustainable community” through infrastructure, services, and vocational training that reduce long-term dependency and build resilience within a low-income urban environment. While not purely environmental, the sustainability framing is important for ESG positioning.

  1. Solar Energy Transition at Noor Girls’ Home (Pakistan) The move to solar power reduced energy costs, improved reliability, and lowered environmental impact, representing a direct investment in renewable energy infrastructure for a community-based institution.

  2. Environmental Ambitions of African Gifted Foundation Scholars (Ghana) One of the COSARAF-funded scholars explicitly focuses on environmental challenges such as clean water access, pollution, and waste — reflecting an emerging environmental leadership pipeline enabled by Foundation support. Madihatu Sulemana aspires to become “an environmental steward... to tackle challenges such as access to clean water, pollution, and waste.”

  3. Disaster Response Linked to Climate Events (Bangladesh)

The Foundation supported Cyclone Remal Emergency Response, providing assistance for:

  • e repairing homes, water sources and sanitation infrastructure e replacing damaged household essentials e providing menstrual health kits

These interventions support climate adaptation and resilience in communities disproportionately affected by environmental shocks.

ee EEE BET ” Registered charity no. 111848] YQThe COSARAF Charitable Foundation, Parkview,38 82 Oxford Road, Uxbridge, UB8US

|

==> picture [101 x 16] intentionally omitted <==

----- Start of picture text -----
CHARITABLE FOUNDATION
----- End of picture text -----

TRUSTEES' REPORT FOR THE YEAR ENDED 5 APRIL 2025 a ___.

FINANCIAL REVIEW

Our financial position

As set out below in the Accounts, the Foundation continues to enjoy a strong financial position. As a result, the Foundation is well-placed financially to deliver its long-term objectives.

The Foundation has long-term donation agreements with the Sheikh family, whose members have opted to use the Foundation as their primary vehicle for their charitable endeavours. In addition, the Foundation benefits from long-term support from Grosvenor (UK) Limited, both through direct donations and wider in-kind support. In this reporting year, this in-kind support has been valued at £75,731 (2024: £107,841).

At the current time, the Foundation expects to continue to be in the fortunate position of being able to rely on continued strong income from its primary donors.

At the end of the financial year, there remains two social loans with outstanding balances, but trustees remain confident that this will be fully recouped in the early part of the next financial year.

A formal budgeting process, scrutinised by the full board of trustees, is in place. The Foundation benefits from accounting support provided pro bono by Grosvenor UK to manage the Foundation’s finances and monitor performance against budget. The trustees have also approved a Financial Handling Manual that sets out all necessary financial systems for the Foundation.

Trustees are provided with a monthly financial report as part of the Director’s regular report and further scrutiny is undertaken regularly by the Board of trustees.

Our Reserves Policy

The Foundation maintains free unrestricted reserves:

° to provide a level of working capital that protects the continuity of its core work; ° to provide a level of funding for unexpected opportunities; and, ° to provide cover for risks such as unforeseen expenditure or unanticipated loss of income.

7

Other financial matters

The Foundation has no material pension liability.

The COSARAF Charitable Foundation, Parkview, 82 Oxford Road, Uxbridge, UB8&— g y _ mn Registered charity no. 1118481Sere 39

CHARITABLE FOUNDATION

TRUSTEES' REPORT

FOR THE YEAR ENDED 5 APRIL 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT

Our governing document

The Foundation’s governing documents are its Deed of Trust of 31 January 2007

How we are constituted

The Foundation was incorporated as body corporate on 27 April 2016 by the Charity Commission of England and Wales under the power given in s251 of the Charities Act 2011.

Our decision-making processes and those decisions delegated to staff

Trustees are responsible for establishing the strategic direction of the Foundation and for all key decisions as to its operations. These decisions are made by the full board of trustees as provided for in the Trustees’ Terms of Reference in line with their overall duty “To provide direction and stewardship for the COSARAF Charitable Foundation for the benefit of current and future beneficiaries’. The quorum for decision-making at Board meetings for normal business is three members.

The Board of Trustees has established a Hardship Fund Committee that has delegated authority, as set out in its Terms of Reference, for:

  • e the operation of the Foundation’s Hardship Grants Fund. e decisions in respect of applications for Small Grants up to a value of £5,000; and, e first round consideration of applications to the Major Grants Fund.

The trustees have delegated day-to-day management and administration of the Foundation to the Director and their support team. Specific delegated authority in respect of the award of grants and other spending commitments are set out in the Foundation’s Financial Handling Manual.

Management of Risks

  • A Management of Risks Policy is in place and the Board of Trustees provides detailed oversight of the effective management of risk. The principal risks recognised over this period in the Foundation’s Risk Register were: e poor delivery of grant-funded programmes; ° unexpected delivery risks due to international factors i.e. transferring funds into other countries, different operating mechanisms; and,

  • ° Default on social loan repayment.

Recruitment and support of trustees

In selecting individuals for appointment as trustees, the trustees are required by virtue of the Deed of Trust to have regard to the skills, knowledge and experience needed for the effective management of the Foundation.

Terms of Reference for the Board of Trustees are in place as well as Role Descriptions for the Chair, Treasurer and all trustees.

All new trustees receive a full induction programme, provided by the staff team, familiarising new trustees with the work of the Foundation, the policies and procedures in place, introductions to key stakeholders. This programme is also used to ascertain any training and development needs which feed into a wider trustee learning and development programme.

The COSARAF Charitable Foundation, Parkview, 82 Oxford Road, Uxbridge, UB8 L— Registered charity no. 1118421 eee ees

40

|

|

| |

| | |

| | | |

|

==> picture [114 x 50] intentionally omitted <==

----- Start of picture text -----
ei cae
=
CHARITABLE FOUNDATION
----- End of picture text -----

TRUSTEES' REPORT

FOR THE YEAR ENDED 5 APRIL 2025

|

Our organisational structure

The Foundation has a small team responsible for supporting the trustees on the management of its business. Over this reporting period, the team comprised of the following individuals:

  • ° Tashmina Hoque Director (appointed September 2024); and, e Jonathan Freeman — Senior Strategic Adviser (resigned September 2024) ° Tariq Raja - Strategic Adviser (appointed Jan 2025) ° Caroline Gisbourne — Foundation Administrator ° Sheeam Hussain - Finance

|

|

Registered charity no. 1119491 CnThe COSARAF Charitable Foundation, Parkview, 82 Oxford Road,Uxbridge,ee

41

CHARITABLE FOUNDATION

TRUSTEES' REPORT

FOR THE YEAR ENDED 5 APRIL 2025

REFERENCE AND ADMINISTRATIVE DETAILS (Ref: Y.110)

Name of charity COSARAF Charitable Foundation

Any other name used COSARAF Foundation

Charity registration and company registration numbers Charity number 1118481

Address of principal office Parkview 82 Oxford Road Uxbridge Middlesex UB8 1UX

Trustees who served during the reporting period

Name Office Haroon Sheikh Chair Farouq Sheikh Naureen Sheikh Safeguarding Rukhsana Sheikh Saba Sheikh Seema Sheikh Akbar Sheikh Treasurer Hamza Sheikh Yusuf Sheikh Ali Sheikh

Dates of appointment Appointed at trust inauguration Appointed at trust inauguration Appointed on 9 February 2015 Appointed on 10 May 2018 Appointed at trust inauguration Appointed at trust inauguration Appointed on 9 February 2015 Appointed on 10 March 2022 Appointed on 16 September 2019 Appointed on 10 March 2022

Organisations or persons providing banking services or professional advice Banking Coutts & Co 440 Strand London WC2R OQS.

Solicitors Bates Wells 10 Queen Street Place London EC4R 1BE

Accountants and Auditors Moore NHC Audit Limited East Wing, Goffs Oak House Goffs Lane, Goffs Oak EN7 5GE Registered charity no. 1118481 YQThe COSARAF Charitable Foundation, Parkview,42 82 Oxford Road, Uxbridge, UB8—

CHARITABLE FOUNDATION

| |

|

|

| | | |

==> picture [80 x 10] intentionally omitted <==

----- Start of picture text -----
SS
----- End of picture text -----

STATEMENT OF TRUSTEES' RESPONSIBILITIES

FOR THE YEAR ENDED 5 APRIL 2025

The trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that year.

In preparing these financial statements, the trustees are required to:

  • select suitable accounting policies and then apply them consistently.

  • observe the methods and principles in the Charities SORP. - make judgements and estimates that are reasonable and prudent.

  • State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

==> picture [1 x 7] intentionally omitted <==

----- Start of picture text -----
|
----- End of picture text -----

The COSARAF Charitable Foundation, Parkview, 82 Oxford Road, Uxbridge, UB8 Ue ee Cn Registered charity no. 1111848 eee eee 43

==> picture [100 x 13] intentionally omitted <==

----- Start of picture text -----
CHARITABLE FOUNDATION
----- End of picture text -----

INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE COSARAF CHARITABLE FOUNDATION

Opinion

We have audited the financial statements of The COSARAF Charitable Foundation (the ‘charity’) for the year ended 5 April 2025 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and the notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

  • give a true and fair view of the state of the charity’s affairs as at 5 April 2025 and of its incoming resources and application of resources, for the year then ended;

  • have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

  • have been prepared in accordance with the requirements of the Charities Act 2011.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of[the][financial][statements][in][the][UK,][including][the][FRC’s][Ethical][Standard,] and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

==> picture [424 x 55] intentionally omitted <==

----- Start of picture text -----
ge
Registered charity no. 111843] —<—
CnThe COSARAF Charitable Foundation, Parkview,44 82 Oxford Road, Uxbridge, UBB UX
----- End of picture text -----

“CHARITABLE FOUNDATION

INDEPENDENT AUDITOR'S REPORT (CONTINUED)

TO THE TRUSTEES OF THE COSARAF CHARITABLE FOUNDATION

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Charities Act 2011 requires us to report to you if, in our opinion:

  • e sufficient accounting records have not been kept; or e the financial statements are not in agreement with the accounting records; or e certain disclosures of trustees' remuneration specified by law are not made; or e we have not received all the information and explanations we require for our audit.

Responsibilities of trustees

As explained more fully in the statement of trustees' responsibilities, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

Explanation as to what extent the audit was considered capable of detecting irregularities, including fraud

The objectives of our audit in respect of fraud, are; to identify and assess the risks of material misstatement of the financial statements due to fraud; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud, through designing and implementing appropriate responses to those assessed risks; and to respond appropriately to instances of fraud or suspected fraud identified during the audit. However, the primary responsibility for the prevention and detection of fraud rests with both management and those charged with governance of the charity.

Our approach was as follows:

  • e We obtained an understanding of the legal and regulatory requirements applicable to the charity and considered that the most significant are the Charities Act 2011 and UK financial reporting standards as issued by the Financial Reporting Council.

  • e We obtained an understanding of how the charity complies with these requirements by discussions with management and tho with governance. Registered charity no. 111848 1Sts gO SS acres[SEI]

  • CnThe COSARAF Charitable Foundation, Parkview,45 82 Oxford Road, Uxbridge, UBS 1UX sss

==> picture [101 x 68] intentionally omitted <==

----- Start of picture text -----
————
CHARITABLE FOUNDATION
----- End of picture text -----

==> picture [5 x 17] intentionally omitted <==

----- Start of picture text -----
7
----- End of picture text -----

INDEPENDENT AUDITOR'S REPORT (CONTINUED)

TO THE TRUSTEES OF THE COSARAF CHARITABLE FOUNDATION

  • ° We assessed the risk of material misstatement of the financial statements, including the risk of material misstatement due to fraud and how it might occur, by holding discussions with management and those charged with governance.

  • © We inquired of management and those charged with governance as to any known instances of noncompliance or suspected non-compliance with laws and regulations.

Based on this understanding, we designed specific appropriate audit procedures to identify instances of noncompliance with laws and regulations. This included making enquiries of management and those charged with governance and obtaining additional corroborative evidence as required.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www. frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Other matters

Your attention is drawn to the fact that the charity has prepared financial statements in accordance with "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (as amended) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.

This has been done in order for the financial statements to provide a true and fair view in accordance with current Generally Accepted Accounting Practice.

Use of our report

This report is made solely to the charity’s trustees, as a body, in accordance with Chapter 3 of Part 8 of the Charities Act 2011 and regulations made under section 154 of that Act. Our audit work has been undertaken so that we might state to the charity’s trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and its trustees as a Y, for our audit work, for this report, or for the opinions we have formed.

Francis Cgfbish gt aus Auditor) for and on alf of Moore NHC Audit Limited

Chartered Accountants

Statutory Auditor East Wing, Goffs Oak House Goffs Lane Goffs Oak Hertfordshire EN7 5GE

2Afe 2026 ;

  • Registered charity no, 1118481"

  • CanThe COSARAF Charitable Foundation, Parkview,46 82 Oxford Road, Uxbridge, UB8——

| |

==> picture [118 x 71] intentionally omitted <==

----- Start of picture text -----
—— .
CHARITABLE FOUNDATION
----- End of picture text -----

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 5 APRIL 2025

Unrestricted Restricted Total Unrestricted Total Unrestricted Restricted Total
funds funds funds funds
2025 2025 2025 2024 2024 2024
Notes £ £ £ £ £ £
Income from:
Donations and legacies 2 228,338 229,081 457,419 1,556,168 685,915 2,242,083
Expenditure on:
Charitable activities 3 568,848 306,896 875,744 — 1,062,311 375,207 —-1,437,518
Net losses on
investments 9 (283,881) - (283,881) (229,653) - (229,653)
Netmovement infunds (624,391) (77,815) (702,206) 264,204 310,708 574,912
Fund balances at 6
April 2024 2,006,585 314,196 2,320,781 1,742,381 3,488 1,745,869
Fund balances at 5
April2025 1,382,194 236,381 1,618,575 2,006,585 314,196 2,320,781

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

) ,

Registered charity no. 1118491 QoThe COSARAF Charitable Foundation, Parkview, 82 Oxford Road, Uxbridge, UB8—— 47

cOsarat CHARITABLE FOUNDATION

BALANCE SHEET

AS AT 5 APRIL 2025

2025 2024
Notes £ £ £ £
Fixed assets
Investments 10 1,256,464 1,540,344
Current assets
Debtors 11 302,000 200,000
Cash at bank and in hand 43,216 414,806
Accrued income 74,338 212,735
419,554 827,541
Creditors: amounts falling due within
one year 12 (57,443) (47,104)
Net current (liabilities)\assets 362,111 780,437
Total assets less current liabilities 1,618,575 2,320,781
Income funds
Restricted funds 13 236,381 314,196
Unrestricted funds 1,382,194 2,006,585
1,618,575 2,320,781

The financial statements were approved by the Trustees ON ...........cceeeseeeee

Mr H R Sheikh

Trustee

Date : 26 January , 2026

er LE SPER are a Registered charity no. 111848 1 sO YQThe COSARAF Charitable Foundation, Parkview,48 82 Oxford Road, Uxbridge, UB8i —

|

|

| |

| | |

|

==> picture [101 x 16] intentionally omitted <==

----- Start of picture text -----
=——.—— a
—ne ——E
----- End of picture text -----

CHARITABLE FOUNDATION

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 5 APRIL 2025

==> picture [455 x 261] intentionally omitted <==

----- Start of picture text -----
|||||||||| |---|---|---|---|---|---|---|---|---| |2025|2024| |Notes|£|£|£|£| |Cash|flows|from|operating|activities| |Cash|generated|/ absorbed|by operations|16|(271,590)|379,898| |Investing|activities| |Loans|given|by charitable|foundation|100,000| |Net cash|generated|from|investing| |activities|(100,000)| |Net cash|used|in|financing|activities|-|“| |Net|(decrease)/increase|in|cash|and|cash| |equivalents|(371,590)|379,898| |Cash|and|cash|equivalents|at|beginning|of year|414,806|34,908| |Cash|and|cash|equivalents|at end|of year|43,216|414,806|

----- End of picture text -----

Registered charity no. 1118481 aD rnThe COSARAF Charitable Foundation, Parkview, 82 Oxford Road, Uxbridge,a— 49

==> picture [120 x 60] intentionally omitted <==

----- Start of picture text -----

— — a
CHARITABLE FOUNDATION
----- End of picture text -----

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025

  • 1 Accounting policies

Charity information

The COSARAF Charitable Foundation is incorporated as a body corporate whose principal address is Parkview House, Ground Floor, 82 Oxford Road, Uxbridge, United Kingdom, UB8 1UX

  • 1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's Deed of Trust, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2 Going concern At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3. Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

1.4. Incoming resources Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably,and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

==> picture [425 x 55] intentionally omitted <==

----- Start of picture text -----
The COSARAF Charitable Foundation, Parkview, 82 Oxford Road, Uxbridge, UB8—
Cnn Registered charity no.50 111849 1SO
----- End of picture text -----

| | |

——————_ —<— —a CHARITABLE FOUNDATION

|

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2025

  • 1 Accounting policies

(continued)

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

1.5 Resources expended Expenditure is recognised in the statement of financial activities on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered.

Costs of generating funds comprise the costs associated with attracting voluntary income.

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries.

1.6 Fixed asset investments Fixed asset investments are initially measured at transaction price excluding transaction costs and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.

| | |

  • 1.7 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8 Financial instruments

  • The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Registered charity nO, 1118481 CnThe COSARAF Charitable Foundation, Parkview, 82 Oxford Road, Uxbridge, UB8 1UXjes 51

==> picture [101 x 62] intentionally omitted <==

----- Start of picture text -----
———ae
CHARITABLE FOUNDATION
----- End of picture text -----

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2025

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled.

1.9 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2 Donations and legacies

Unrestricted Restricted TotalUnrestricted TotalUnrestricted Restricted Total
funds funds funds funds
2025 2025 2025 2024 2024 2024
£ £ £ £ £ £
Donations and gifts 228,338 229,081 457,419 1,556,168 685,915 2,242,083
Donations and gifts
Gift aid donations 154,000 153,350 307,350 1,065,051 578,074 1,643,125
Other donations 74,338 75,731 150,069 491,117 107,841 598,958
228,338 229,081 457,419 1,556,168 685,915 2,242,083

Registered charity no. 1118481 —— QoThe COSARAF Charitable Foundation, Parkview, 82 Oxford Road, Uxbridge, UB8—

52

|

|

|

6sara CHARITABLE FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2025

3 Charitable activities

Charitable activitiesactivities
Unrestricted Restricted Total Unrestricted Restricted Total
funds funds 2025 funds funds 2024
2025 2025 2024 2024
£ £ £ £ £ £
Staffcosts - 61,710 61,710 - 55,762 55,762
Consulting fees - 23,199 23,199 - 44,119 44,119
- 84,909 84,909 - 99,881 99,881
Grant funding ofactivities
(see note 4) 540,833 221,987 762,820 1,015,317 275,327 = 1,290,643
Share ofgovernance
costs (see note 5) 28,015 - 28,015 46,994 - 46,994
568,848 306,896 875,744 1,062,311 375,207 ~=—-1,437,518

Registered charity no. 1118491 ee D CnThe COSARAF Charitable Foundation, Parkview,53 82 Oxford Road, Uxbridge, UB8woe

||||||sp|sp|Pt tt|
| ||
OoTl
sisixisia|
|8
8/8/8/8is
S| | o|Slo
g/8)5/818
9 8|8/S/S]3)s/s
8
8
SR REEERERE
Seer
Se
Ql A}
|2
|||| |---|---|---|---|---|---|---|---|---|---| ||||||oH
#3/s
es
= 5
s:
:||8
3
[oy fo)
S
slsis
:
:
a
Koike)
sf]00 |Lo
NISLN||| ||||||®||||| ||||||3||||| |||||||CoH
23Is
22
s:
5||(ouK<e)
SlY| als
SIxXisid
5|8|8)
8
B
STs!Sisis
:
13.
=
Oo}0
8
yh
oO!|~—
lial clo
3|<] | 19) 4] s]o
a o|2
=||| ||||||iG
s
:|Gj|[=]
SRR
wo|NW
| 8]88]S|S| 8
oO|
iS
8
sé
peleBele
oO}©
8
|S} QISa
aelels
9
tT]
ig
Bg
iG] GO] 1S
rT uwOLN|“1
g
a
=
|
,|| ||;
fe)
=
F
:||||oH
3
o5
2 ub
4|3|s|"|s/s
if
ae
y
an
al
Ol]
AlN|:
8
2
:
:
i
,
.
o 7|| |=
)|:
,
°
a
:
Fa
ae!
a
|
7|im
= |
4
ft|||i
FE
e5
bu
7)
a
5
c||8
3/8
o
EEE
:
~
2]
:
:
-
sei {ie
S|8
=
SIS SIe
oO]2
ol©
co]
wg
REESE|:
a
|
}
|
i
or
:oo
ot
,
We)
oO
#|| |||Oo||||||:
:|| |||||||||:|| |||||||||:|| |||”|||||||| |||Lu
lp
=
N
Ww
S
=a
oOo
Qa
al
<
<=
—_
wW
Oo
Q
2
<
Ww
Q
Zz
=
2
mn
Ww
Lu
a
c
=
i
Wy
oF |
Ee
W
o
<=
&
i||®
a
g
©
lle
£
e
g
5|||iE
Hi
Fr
il
i
il i
Ss
8/6)
|s\s|2
:
@|2
eels
E
ik
:
:
|
|S
a|2|S|2)82
:
x!
1S
a)eels eie
ik
ec}
|&
e/O}3/51 5
¢|4
©|
|e
b/ 3/8
:
iB
=|
|§
al 3] 3/814]§
BE
=
f3|
(Ble)"|:
| | |8le|812
2/ 8/2
3/8)2| 2/S|=
Sle|s\
a)8)<|
| 2]8] §|512
=|E/al
3£|3| 8/Els|alalgis
slalele
2/AslzZle
8/8)8/8 aE
| =| 2)8/"
&|'5| 8
{als
©
S\‘e
oo)3/9
s/s
IRE
sae eg ceaelalee eles
ate S|EEIfelele
ele etal lelals
ALEELET REREEEEen
§|5/5)eTslElE|E|clalelels lle
a|O
oO]©
| 0
8/2) 2)213
4) £|5\5[5/8|5(3 | ( \s i
5 slz/slelsisleis
ZlZ| 210|3
|
||| |||-
&
e)
(e)
zu|||||||||

|||||||||||| |---|---|---|---|---|---|---|---|---|---| |||||||||||| |||||Bla|“]SlSlsis
°
t] SO} O} Xt.
Q] wo] OO]
alxisis)
a
v|oln
Oo}
[Ala
vt
o
|
|=}
/2/s]
<=|00] 00
alal
i]
|
jai)||
|
|
N
-||| |||||F/Gl
OTe
0
6|6
5
oO} 2)
=
lo] st
5
06|
&
il
m~|q
>
et
st
©|re)
«| o>
SIN
Ol «|
=|©|a
©
|
wy
I||| |||||Bsisisigig)
i
| S| oO]
=
A] wo] Ww]
=
co]N
fen)
a
2
o||
(Sr
Tals
=|
[Afar
Oo
CO] «|
re)
“10
o|| alal
Blt]
Lo| wo)
13] tO
o|2
|
re)
3|
o<|<|<| |||||<|||||| |||||—|||||| |||||glal"]S)
)3/s
°
®|
ors,
(ve)
o|o
aig}|%| olSix
NS] SO}oO} wo
oO] O|+~IN
| |<] <iajsl
=o
-|+] +
ad
|
lex]|N
(oe)
i
|
i|5
0
oa
3
o
a0|| |||||||||Oo|| |||||||||c|| |||||||||re}|| |||||||||bad|| |||||||||=)|| |||ae|2
°
5
2
5
fe)
u
Hi
=
oO
os\
—\
a|ke}\
Gl\
oO\
o\
69]0\
S\
ae \
R=)\
O|N\
Y\
oO\
iW\
re}\
GTO\
®\
fo)\
o\
Q\
©\
©\
oo]\
7)\
2\
=\
a ||Ce)\
fo)\
©\
alg\
|\
la\
sel \
©\
bs\
Ml OToTre\
st] S| st]00\
©} O} 2) a\
co] of] o]\
Oo}\
|\
|e|0\
ols\
| laa\
Ne\
eli=\
fo>)
oO
oO
t+|0
|2
N
N
oo)
re)
Lod
°
st
w|Zo}
y
é
OO ey
an)
og
0
oF
N
a
=o
o
=
Zt
—- ©
©
eo
oo
oO
O|a| |||:|cos
oT
a
53
:
g*
Zz
v
-—
re}
oa
£
z
&
O
GS
L,
fe
o&
=S||||||&| ||||z
Lu
ww
=
A
week
a
=
-
&
9
a
4
a
co)
oO
Q
fe)
=
za
Wy
c/o|2
2
<q
8/5]:c
wl)Oo}<o
z
2
$/2/8
LL
Wy
S|Slo
Lu
xX
oO) £15
ILO] &
—c
=
o|0
Ke
W
S|o|2
Ss
SS
eee
fe)
o|£| Liaw
€/S] Ola
Ee
WwW
@/S/2/8]
i
£|y|S]0
a
-
QAIDIE||21¢
O 21s
Clo] a
fe)
Cc
=|3
3/S/O
@| g}/O
6| 2|.2
a1SIF |a
O|
2
TBlolFloa
Cle} als
oO}2+ |o
“|SI=/5
|
|
wm |O
O/0|/c|Olw®w
@| 0}0}.|—
|oyE/2/SIS!
©| 6]o |S]0
oOle¢lo
|Olr-|no]
5
iL
fom
5
in}
I
a2)
4/
Ae}
3
L)2
bod eed
ihe
5/2
=
Bl w
S|e
Sls
zs
£10|=
=
Oo
ped
fa)
z
_
oc
Oo|[e)
oe)
o
é|| ||||a|Ww||||||

CHARITABLE FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2025

==> picture [457 x 278] intentionally omitted <==

----- Start of picture text -----
|||||||||| |---|---|---|---|---|---|---|---|---| |5|Support and|governance|costs| |Support|Governance|2025|SupportGovernance|2024| |costs|costs|costs|costs| |£|£|£|£|£|£| |Office|sundries|-|749|749|-|4,678|4,678| |Audit fees|-|7,644|7,644|-|6,560|6,560| |Legal|and|professional|-|2,880|2,880|-|15,700|15,700| |Bank|charges|-|2,192|2,192|-|3,167|3,167| |Travel|and|training|“|5,886|5,886|-|-| |Insurance|-|1,720|1,720|-|1,664|1,664| |Design|and|branding|-|6,945|6,945|-|15,225|15,225| |28,015|28,015|46,994|46,994| |Allocated|to:| |Charitable|activities|-|28,015|28,015|-|46,994|46,994| |6|Auditor's|remuneration| |The|analysis|of|auditor's|remuneration|is|as|follows:| |Fees|payable|to|the|charity's|auditor|2025|2024| |£|£| |Audit|of the|charity's|annual|accounts|7,644|6,560|

----- End of picture text -----

6 Auditor's remuneration

7 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

8 Employees

The average monthly number of employees during the year was:

==> picture [435 x 118] intentionally omitted <==

----- Start of picture text -----
|||||| |---|---|---|---|---| |2025|2024| |Number|Number| |Management|1|1| |Staff|costs|2025|2024| |£|£| |Wages|and|salaries|61,710|55,762|

----- End of picture text -----

The COSARAF Charitable Foundation, Parkview, 82 Oxford Road, Uxbridge, UB8— Can Registered charity56 no. 111848 1 gO

|

|

|

| |

==> picture [120 x 55] intentionally omitted <==

----- Start of picture text -----
— _
~ ———
CHARITABLE FOUNDATION
----- End of picture text -----

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025

8 Employees

All wages and salaries for the year are in the form of gifts in kind and so do not represent the cost of staff directly employed by the charity. There are no employees whose annual remuneration was £60,000 or more.

9 Net gains/(losses) on investments

|

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Revaluation ofinvestments (283,881) (229,653)
10 Fixed asset investments
Unlisted investments
£
Cost or valuation
At6April2024
Valuation changes		 1,540,344
(283,881)
At5 April 2025 1,256,464
Carrying amount
At5 April 2025 1,256,464
At5April2024 1,540,344

Fixed asset investments consist of 100 ordinary shares in Sheikh Holdings Group (Investments) Limited. The investments are part of the Charity's unrestricted funds.

|

|

11 Debtors

Debtors
2025 2024
Amounts falling due within one year: £ £
Otherdebtors 302,000 200,000

Registered charity no. 1118491 CnThe COSARAF Charitable Foundation, Parkview, 82 Oxford Road, Uxbridge, UB8rr

57

==> picture [159 x 54] intentionally omitted <==

----- Start of picture text -----
FF
C —Sar
CHARITABLE FOUNDATION
----- End of picture text -----

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025

==> picture [460 x 110] intentionally omitted <==

----- Start of picture text -----
||||||||| |---|---|---|---|---|---|---|---| |a| |12|Creditors:|amounts|falling|due|within|one|year| |2025|2024| |£|£| |Trade|creditors|5,000|5,000| |Accruals|and|deferred|income|52,443|42,104| |57,443|47,104|

----- End of picture text -----

13 Restricted funds

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:

==> picture [434 x 70] intentionally omitted <==

----- Start of picture text -----
||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---| |Movement|in|funds|Movement|in|funds| |Balance|at|Incoming|Resources|Balance|at|Incoming|Resources|Balance|at| |6|April|resources|expended|5|April|2024|resources|expended|5|April|2025| |£|£|£|£|£|£|£| |Restricted/ Zakat|3,488|685,915|(375,207)|314,196|229,081|(306,896)|236,381|

----- End of picture text -----

Zakat funds

Zakat funds are those donations made in line with Islamic obligations for charitable giving.

14 Analysis of net assets between funds

==> picture [435 x 138] intentionally omitted <==

----- Start of picture text -----
||||||||| |---|---|---|---|---|---|---|---| |Unrestricted|Restricted|Total|Unrestricted|Restricted|Total| |Funds|Funds|Funds|Funds| |2025|2025|2025|2024|2024|2024| |£|£|£|£|£|£| |Fund|balances|at| |5|April|2024|are| |represented|by:| |Investments|1,256,464|-|1,256,464|1,540,344|-|1,540,344| |Current|assets/(liabilities)|125,730|236,381|362,111|466,241|314,196|780,437| |1,382,194|236,381|1,618,575|2,006,585|314,196|2,320,781|

----- End of picture text -----

15 Related party transactions

All of the income in the current year and comparative year was donated from related parties or was gift aid received on such donations. There were no other disclosable related party transactions during the year (2024 - none).

| The COSARAF Charitable Foundation, Parkview, 82 Oxford Road, Uxbridge, eT — Can Registered charity no.58 1118491SO

CHARITABLE FOUNDATION

|

|

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2025

||
16
Cashgenerated from/(absorbed by)operations
2025
2024
|
£
£||
16
Cashgenerated from/(absorbed by)operations
2025
2024
|
£
£||
16
Cashgenerated from/(absorbed by)operations
2025
2024
|
£
£||
16
Cashgenerated from/(absorbed by)operations
2025
2024
|
£
£| |---|---|---|---| ||
Surplus/(Deficit) forthe year
(702,206)
574,912|||| ||Adjustments for:||| ||Fairvalue gainsand losseson investments|283,881|229,653| ||Movements inworking capital:||| ||Increase/(decrease) in creditors|10,339|(11,932)| ||(Increase)/decrease in debtors|136,396|(412,735)| ||Cash(absorbed by)operations|(271,590)|379,898| |17|Analysis ofchanges in netfunds||| ||||.| ||Thecharityhadnodebtduringtheyear.|||

Registered charity no. 1119451 CnThe COSARAF Charitable Foundation, Parkview, 82 Oxford Road, Uxbridge, UB8—

59