Charity registration number: 1129424 ## Al-Qayoom Foundation International Annual Report and Financial Statements for the Year Ended 31 December 2023 AWR Accountants Limited Lawrence House 37 Nomanton Road Derby Derbyshire DEI 2GJ Al-Qayoom Foundation International ## Contents (continued) Reference and Administrative Details Trustees' Report 1 Accountants' Report' 4 Independent Examiner's Report 5 Statement of Financial Activities Balance Sheet 7 Notes to the Financial Statements 6 ## Reference and Administrative Details Senior Management I Leadership Mr Mohammed Abdul Qayoom Khan, Chairman Team Mr Syed Abid Hussain Shah Kazmi, Trustee Mr Abdul Rehman, Tmstee Charity Registration Number 1 129424 Principal Office 64 Victor Street Walsall 4HZ Independent Examiner AWR Accountants Limited Lawrence House 37 Normanton Road Derby Derbyshire DEI 2GJ ## Al-Qayoom Foundation International Accountants AWR Accountants Limited Lawrence House 37 Notmanton Road Derby Derbyshire DEI 2GJ I Page Al-Qayoom Foundation International ## Trustees' Report The trustees present the annual report together with the financial statements of the charity fot the year ended 31 December 2023. ## Objectives and activities ## Objects and aims To advance educating poor students, Including education in thc Islamic faith. Alleviation of poverty and to promote sustainable livelihoods. Medical assistance to needy people to relieve sickness and reserve ood health ## Public benefit Fund schools which provide education to poor and needy children. Provide sponsorship to orphan children. Provide books and other learning materials to children from disadvantaged backgrounds. To financially help widows. To provide necessary skills and training to sustain independent livelihoods. To distribute funds to humanitarian projects which will help the supply of food to the poor. The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 201 L to have due regard to the public benefit guidance publishcd by the Charity Commission for England and Wales. Achievements and performance Provide sewing machines. Provide sewing machine training. Provide free eye camps. Provide food parcels during Ramadan and Eid. Established links with deaf and dumb school in Kotli Azaad Kashmir in order to donate and fund projects ## Financial review Page 2 Al-Qayoom Foundation International Cash Resources at year end was 101,883.38, Un-Restricted Funds stands at E75,464. ## Trustees' Report (continued) ## Statement of Trustees' Responsibilities The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations. The law applicable to charities 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 period. In preparing these financial statements, the tnustees 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 business. The trustees are responsible for keeping proper 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 Charities (Accounts and Reports) Regulations 2008, and the provisions of the constitution. The trustees 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. The nustees are responsible for the maintenance and integrity of the corporate and financial infomation included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other The annual report was approved by the trustees of charity the Page 3 ## M. A. anyooM K-HAM Mr Mohammed Abdul Qayoom Khan Tlustee arid signed on its behalf by: ## Chartered Certified Accountants' Report to the Trustees•on the Preparation of the Unaudited Statutory Accounts of AlQayoom Foundation International for the Year Ended 31 December 2023 In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Al-Qayoom Foundation International for the year ended 31 December 2023 as set out on pages 6 to 13 from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Association of Chartered Certified Accountants we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.coln/gb/en/member/standards/ rules-andstandards/rulebook.htm. This report is made solely to the board of directors of Al-Qayoom Foundation In-temational, as a body, in accordance with the terrns of our engagement letter dated 3 July 2024. Our work has been undertaken solely to prepare for your approval the financial statements of Al-Qayoom Foundation International and state those matters that we h_ave agreed to state to the board of directors of-Al-Qayoom Foundation International, as- a body, in this report, in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accag[obal.com/gb/en/technical„activities/technical-resources-search/2009/ october/factsheet-163-audit-exemptcompanies.html. To the fullest.extent permitted by law, we do not accept or assume responsibility to anyone other than AlQayoom Foundation International and its board of directors as a body for our work or for this report. it is your duty to ensure that Al-Qayoom Foundation International has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the• asséts,• liabilities, financial position and of Al-Qayoom Foundation International. You consider that Al-Qayoom Foundation International is exempt from the statutory audit requirement for the year. We have not been insttucted to carry out an audit or a review of the accounts of Al-Qayoom Foundation International. For this reason, we have not verified the accuracy or completeness of the accounting records or information. and explanations you have given to us and we do not, therefore, express any opinion on the statut01Y accounts. AWR Accountants Limited Page 4 Al-Qayoom Foundation International Lawrence House 37 Nonnanton Road Derby Derbyshire DEI 2GJ Date:........ . . ## Independent Examiner's Report to the trustees of Al-Qayoom Foundation International I report to the trustees on my examination of the accounts of Al-Qayoom Foundation International for the year ended 31 December 2023. ## Responsibilities and basis of report As the charity trustees of Al-Qayoom Foundation International you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 201 1 ('the Act'). I report in respect of my examination of the A[-Qayoom Foundation International's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## Independent examiner's statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of Al-Qayoom Foundation International as required by section 130 of the Act; or 2. thé accounts do not accord with those records; or 3. the accounts do not comply with the accounting requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination. I have no concems and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Waheed Rehman ACCA Page 5 Lawrence House 37 Normanton Road Derby Derbyshire DEI 2GJ Date:.............. ..........., . Page 6 ## Al-Qayoom Foundation International ## Statement of Financial Activities for the Year Ended 31 December 2023 |Total expenditure
Net income
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total tunds carried forward
12
funds
Total income
Income and Endowments from:
Note
Donations and legacies
Total income
Expenditure on:
Raising funds
Charitable activities
Income and Endowments from:
Note
Donations and legacies
Expenditure on:
Raising funds
Charitable activities
Total expenditure|(19,981)
(19,981)
12,279
12,279
12,279
63,185
34,007
34,007
Unrestricted
Total
funds
2023
32,260
32,260
32,260
(_18,555)
(18,555)
(1,426)
(1,426)
34,007
34,007
(28,834)
(28,834)
(635)
(29,469)
(29,469)
63,185
2022| |---|---| Page 7 ## Al-Qayoom Foundation International |Net income||4,538|4,538| |---|---|---|---| |Net movement in funds||4,538|4,538| |Reconciliation of funds|||| |Total fuhds brought forward||58,647|58,647| |Total funds carried forward|12|63,185|63,185| All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2022 is shown in note 12. The notes on pages 8 to 13 form an integral part of these financial statements. (Registration number: 1129424) Balance Sheet as at 31 December 2023 |2023
Note
Current assets
Debtors
8
Cash at bank and in hand
9
101,883
Total assets less current liabilities
100,483
Creditors: Amounts falling due after more than one year
(25,019)
Net assets
75
Total funds
12
101,883
Creditors: Amounts falling due within one year
10
(1,400)
Funds of the charity:
Unrestricted income funds
Unrestricted funds
75,464|2022
1 5,000
83,739
97,539
(34,354)
63,185
75,464
98,739
(1,200)
63,185| |---|---| ||75,464| Page 8 ## Al-Qayoom Foundation International statements on pages 6 to 13 were approved by the trustees, and authorised for issue on ..... .... and signed on their behalf by: ## M. A. QA700M IO-(AM Mr Mohammed Abdul Qayoom Khan Trustee The notes on pages 8 to 13 form an integral part of these financial statements. Notes to the Financial Statements for the Year Ended 31 December 2023 ## 1 Accounting policies ## Statement of compliance The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 201 1. ## Basis of preparation Al-Qayooln Foundation International meets the definition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. ## Going concern The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern. Income and endowments Page 9 ## Al-Qayoom Foundation International Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability. ## Donations and legacies Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured. ## Expenditure All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Other support costs are allocated based on the spread of staff costs. ## Raising fiuuls These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds. ## Support costs Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage. ## Governance costs These include the costs attributable to the charity's compliance with constitutional and statutory requirements, including audit, strategic management and trustees meetings and reimbursed expenses. Page 10 ## Al-Qayoom Foundation International ## Notes to the Financial Statements for the Year Ended 31 December 2023 (continued) ## Taxation The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part Il of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. ## Trade debtors Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course ofbusiness. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impain•nent. A provision for the impailment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables. ## Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly tiquid investments that are readily conveftible to a known amount of cash and are subject to an insignificant risk of change jn value. ## Borrowings Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Statement of Financial Activities over the period of the relevant borrowing. Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges. Borrowings are classified as curent liabilities unless the charity has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date. ## Fund structure Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity. Page 11 ## Al-Qayoom Foundation International ## Notes to the Financial Statements for the Year Ended 31 December 2023 (continued) 2 Income from donations and legacies Donations and legacies; Unrestricted Donations from individuals funds Totat Gift aid reclaimed General funds Total for 2023 Total for 2022 24,550 24,550 3 Expenditure on raising funds 34,007 34,007 - a) Investment management costs Allocated support costs Total for 2023 Total for 2022 - 4 Expenditure on charitable activities **----- Start of picture text -----**
Unrestricted
funds Total
General funds
Note
28,834 28,834
Total
costs
**----- End of picture text -----**
Governance costs Total for 2022 Page 12 Al-Qayoom Foundation International Notes to the Financial Statements for the Year Ended 31 December 2023 (continued) Unrestricted I ,426 I ,426 funds Total General funds 635 635 Note Total expenditure 5 Analysis of governance and support costs **----- Start of picture text -----**
Total
funds
1 ,426
1,426
635
Governance costs
Unrestricted
funds
General
Other governance costs
Total for 2023 1 ,426
Total for 2022 635
6 Net incoming/outgoing resources
**----- End of picture text -----**
Net incoming resources for the year include: Page Al-Qayoom Foundation International 1 1 Notes to the Financial Statements for the Year Ended 31 December 2023 (continued) Page 14 ## Al-Qayoom Foundation International ## Notes to the Financial Statements for the Year Ended 31 December 2023 (continued) 2023 |7 Taxation
The charity is a registered charily and is therefore exempt from taxation.
8 Debtors
Other debtors
9 Cash and cash equivalents
Cash at bank
Short-term deposits
10 Creditors: amounts falling due within one year
Other creditors
Accruals
11 Creditors: amounts falling due after one year
Bank loans
12 Funds
Balance at 1
Incoming
Unrestricted funds
January 2023
resources
General
63,185
32,260|2023
2022
15,000
2023
2022
101,069
82,925
814
814
101,883
83,739
2023
2022
200
1,200
I ,200
1,400
1,200
2023
2022
25,019
34,354
Balance at 31
Resources
December
expended
2023
(19,981)
75,464| |---|---| ## Al-Qayoom Foundation International for the Year Ended ## 31 December 2023 ## Notes to the Financial Statements for the Year Ended 31 December 2023 (continued) Balance at 31 Balance at 1 Incoming Resources December January 2022 resources expended 2022 Unrestricted funds General 58,647 34,007 (29,469) 63,185 This page does not form part of the statutory financial statements. Page 16 ## Al-Qayoom Foundation International Statement of Financial Activities by fund |Statement of Financial Activities by fund|| |---|---| |Income and Endowments from:|| |Donations and legacies|(28,834)| |Total income|| |Expenditure on:|(29,469)| |Raising funds|| |Charitable activities|4,538| |Total expenditure|| |Net income|4,538| |Net movement in funds|| |Reconciliation of funds|58,647| |Total funds brought forward|| |Total funds carried forward|63,185| |Total|| |Unrestricted|| |Funds|| |2023|| 32,260 32,260 (18,555) (l ,426) (19,981) 12,279 12,279 63,185 75,464 Total Unrestricted Funds 2022 34,007 34,007 Al-Qayoom Foundation International for the Year Ended ## 31 December 2023 ## Detailed Statement of Financial Activities Income and Endowments from: Donations and legacies (analysed below) Total income Expenditure on: Raising funds (analysed below) Charitable activities (analysed below) Total expenditure Net income Net movement in funds Reconciliation of funds |Reconciliation of funds|Reconciliation of funds| |---|---| |Total funds brought forward|| |Total funds carried f01•ward|| |Total
Total 2023
2022|| |32,260|34,007| |32,260|34,007| |(18,555)|(28,834)| |(1 ,426)|(635)| |(19,981)|(29,469)| |12,279|4,538| |12,279|4,538| |63,185|58,647| |75,464|63,185| This page does not form part of the statutory financial statements. Page 18 Al-Qayoom Foundation International for the Year Ended 31 December 2023 ## Detailed Statement of Financial Activities (continued) ||Total|Total|2023| |---|---|---|---| ||2022||| |Donations and legacies|||| |Appeals and donations|24,550||30,007| |Gift Aid tax reclaimed|||4,000| ||32,260||34,007| |Raisingfimds|||| |Charitable donations|(10,395)||(16,668)| |Travel and subsistence|(750)||(1,200)| |Advertising|(6,200)||(10,538)| |Accountancy fees|(1,200)||(428)| |Bank charges|||| |Charitable activities|||| |Loan interest|(1,426)||| ||(1,426)||(635)| This page does not form part of the statutory financial statements. Page 19