Reglstered number: 07162533 Charity number: 1136006 AHLULBAYT FOUNDATION (A company limited by guarantee) UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
AHLULBAYT FOUNDATION {A company limlted ty guarante&) ONTENTS Page Reference and admlnistrative detalls of the Company, its Trusteos and Advlsers Trustees, r•port Independgnt examiner's roport statement of flnanclal acttvilies Balance sheet Statement of Cash flows 10 Notes to the financial statements
AHLULBAYT FOUNDATION (A company Ilmlted by guarantea) REFERENCEAND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2025 Trustees Mr H Dalsh Mr M Mousa Mr A Jaffar Company registered number 07162533 Charfty reglstered number 1136006 Reglstered office Unit4 Wellesley Court Apsley Way London NW27HF Independent Examlner Barnes Roffe Advisory Limited Chartered Accountants 3 Brook Business Centre Cowley Mill Road Uxbridge Middlesex UB8 2FX Page 1
AHLULBAYT FOUNDATION (A company limlted by guarantee) TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2025 The Trustees present their annual report together with the financial statements of the Ahlulbayt Foundation for the year 1 April 2024 to 31 March 2025. The an nual report serves the purposes of both a Trustees, report and a directors, report under company law. The Trustees confim that the annual report and financial statements of the charltable company comply with the current statutory requirements, the requirements of the charitable companys governing docurnent and the provisions of the Statement of Recommended Practice {SORP} applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2015) as amended by Update Bulletsn 1 (effective January 2015). Since the Company qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 {strategic Report and Directors, Report) Regulations 2013 has been omitted. ObJectiv•s and activitles . Policies and objectivos The Objectives as set out in the goveming document for the Charity are as follows". 1. To advance the Islamlc religion. 2. To advance the education of the public in the Islamic religlon. 3. To promote religious hamony by promoting knowledge, mutual understanding and respect of the beliefs and practices of different religions. I n setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit.. running a charity (PB2)'. b. Strategles for achlevlng objectlves Advancement of Educalion: The Foundation seeks to address and challenge misconceptions atout Islam in order to contribute to a more informed. indusive, and harmonious society comprising people of all faiths and backgrounds. Recognising television broadcasting as a highly effective medium for education and outreach, the Foundation continues to utilise broadcast media as a key channel for achieving its charitsble objectives. In this regard. rt maintains an ongoing collaboration with Ahlulbayt TV lo delrver educational and faith-based content to a wide audience. c. Actlvitles undertaken to achieve objectlves. and main actlvltles undgrtaken to further the Company's purposes for the publlc benefll To deliver its charitable aims, the Foundation works closely with Ahlulbayt Televlsion NebNork Limited. a media outlet broadcasting via the Amazon Fire TV platform. In addition to live broadcasting, programmes are uploaded to YouTube to ensure continued access, increased aCh, and wider public engagement beyond initial transmisslon. Page 2
AHLULBAYT FOUNDATION (A company limlted by guarantoo) TRUSTEES. REPORT (CONTINUED FOR THE YEAR ENDED 31 MARCH 2025 Achi•vomènts and perforniance a. Maln achievements of the Foundation During the yoar, the Foundation was involved in the development and delivery of a number of successful medla projects that supported its charitable objectives. These projects demonstrated the Foundation's commitment to community education, posits've engagement, and increasing understandlng of Islamic values. Key projects are outlined below: 1. Al Klsa Documentary The Al-Kisa Foundation repSentS a strong and effective model of community4ed education, demonstrating how faith-based inltiatives can contribute rneaningfully to long-term s(xial impact and the relief of poverty through education. By equipping children, families, and educators with accessible, high-quality Islamic educational resources, the Foundation addresses educational disadvantage while fostering confidence, identity, and aspiration among young people. Through a range of initiatives including Kisa Kids, its visual arts curriculum. the Quran Quest platfom, and the character-building Roots of Rlsers programme. the Foundation 5UPPOrts holistic spiritual, emotional, and intellectual development rooted in Islamic values. Its international distribution of Islamrc children's books to public libraries has fvrther enhanced access, inclusion, and representation for Muslim communities worldwide. The Al-Kisa documentary highlights this work as a beacon projecl illustrating how education can be used as a tool for empowerment, social cohesion, and long term Community resilience. The Foundation's approach demonstrates best practice in using education to tackle Inequality, challenge misconceptions, and build understanding across diverse communities, making its work both impactful and strategically important. 2. After Maghrlb Podcast After Maghrib is a weekly late-night Muslim podcast hosted by co-hosts Ahmed Abbas and Sayed Ali Radhawi, which engages listeners in thoughlful, enlertalning discussions on failh, community issues, contemporary challenges, and spirituality. The podcast explore8 a wide range of topics Ihat resonate with Muslim audiences, from discussions on prayer and identity lo deep reflections on significanl religious events - blending humour with insight and debate. Many episodes feature guest speakers, including scholars and community figures, contributing to informed and accessible dialogues that help listeners deepen Iheir understanding of Islam teachings and lived experience. The show is distributed across major platforms including Spotify, Apple PodGasts, YouTube and sccial media, building a vibrant online community and reaching listeners globally. Page 3
AHLULBAYT FOUNDATION (A company Ilmlled by guarantee) TRUSTEES, REPORT (CONTINUED FOR THE YEAR ENDED 31 MARCH 2025 Financial revlew a. Golng concern After making appropriate enquiries, the Trustees have a aSOnable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going conrn basis can be found in the accounting policies. b. Reserves pollcy The Charity maintains reserves of £5,000 for emergencies. This is deemed sufficient because the Charitys premises are sponsored by a dOrr in their entir&ty and the work undertaken by the Charity (such as financial management and fundraising) is done so by volunteers and the Board of Trustees. structurei governance and management a. Constitution Ahlulbayt Foundation is registered as a charitable )rnpany Ilmited by guarantee and was set up by a Memorandum of Association. b. Methods of appointment or elgctlon of Trustoe8 The Articles of Association specify that the number of Trustees shall not be fewer than three and no flxed maximum number. Trustees must be over the age of 18, and are appointed by election by the current board of Trustees. . Pollcies adoptgd for the Induction and tralnlng of Trust•os All new Trustees appointed undergo training to brief them on their legal obligations under Charlty and company law, and the content of the Memorandum and Articles of Association. They are also introduced to other Trustees. Page 4
AHLULBAYT FOUNDATION (A company Ilmlted by guarnntoe) TRUSTEES. REPORT ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Statement of Truslees. responsibilltlo8 The Trustees (who are also the directors of the Company for the purposes of company law} are responsible for preparing the Trustees, report and the financial statements in accordance with applicable law and United lQ'ngdom Accounting Standards {United Kingdom Generalty Accepted Accounting Practice). Comp8ny law requi s the Trustees to prepare financial statements for each financial year. Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of its incoming resources and application of resources, including Its income and expendtlure, for that period. In preparing these financial ststements, the Trustees are required to,. select suitsble accounting policies and then apply them conslstently. observe the methods and principles of the Charilies SORP {FRS 102),, make judgments and accounting estlmates that are reasonable and prudentr, state whether applicable UK A¢UntIng Standards (FRS 1021 have been followed, subject to any material departures disclosed and explained In the financial stalements and prepare the financial statements on the going concern basis unless it is inappropriate to presurne that the Company will continue In business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Companvs transactions and disclose with reasonable accuracy at any time the financial positlon of the Company and enable them to ensure that the financial statements comply wlth the Companies Act 2006, They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the PventIon and detection of fraud and other irregularities. Approved by order of the members of the board of Trustees and signed on their behalf by., Mr A Jaffar Trustee Date: 23rd December 2025 Page 5
AHLULBAYT FOUNDATION (A company Ilmlted by guarantee) INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2025 Independent examinerfs report to the Truste08 of Ahlulbayt Foundation ('the Company.) I report to the charity TNStees on my examination of the accounts of the Company for the year ended 31 March 2025, Responsibllltles and basls of report As the TNstees of the Company (and its directors for the purposes of company law) you are responsible for the preparalion of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act,). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Company's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Acf). In carrying out my examination I have followed the Directions given by the Charity Cotllmission under section 145(5)(b) of the 2011 Act Independent examlnerf8 Statement I have completed my examination. I confim) that no matters have come to my attention in connection with the examination giving me cause to believe: accounting tecords were not kept In respect of the Company as required by section 386 Df the 2006 AGt' or the aOunt5 do not accord with those records" or the accounts do not comply with the accounting requirements of section 396 of the 2008 Act other than any requirernent that the accounts give a 'true and faie view which is not a matter considered as part of an independent examination; or the accounts have not been ppared in accordance with the methods and principles of the Ststement of Recommended Practice for accounting and reporting by charities. I have no concems and have corne across no other matters in connection wlth the examlnation to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Page 6
AHLULBAYf FOUNDATION (A company Ilmlted by guarantoe) INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 This report is made solety to the COmpanS Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has teen undertaken so that I might state to the Company's Trustees those matters l am required to state to them in an Independent examinerfs report and for no other purpose. To the fullest extent pemitted by law, I do not accept or assume responsibility to anyone other than the Company and the Companls Trustees as a body, for my work or for this reporL Signed: Dated: I S Simon Carr Barnes Roffe Advisory Limited Charterd Accountants 3 Brook Business Centre Cowley Mill Road Uxbridge Middlesex UB8 2FX Page 7
AHLULBAYT FOUNDATION {A company Ilmited by guarantea STATEMENT OF FINANCIAL ACTivrriES (INCORPORATING INCOME AND EXPENDrruRE AccouKr) FOR THE YEAR ENDED 31 MARCH 2025 Unrestricted funds 2025 Restrlcted lunds 2025 Total funds 2025 Tot81 funds 2024 Note Income from. Donations and legacies Investments 107.636 1,826 109A62 195,659 13 Total Income 107,636 1,826 109,462 195, 672 Expenditure on: Raising fvnds Charitable activities 90.000 7N12 90,000 7N12 230,000 12,423 Total expenditure 97,412 97,412 242, 423 Net movement In funds 10.224 1.826 12,050 (46, 751) Reconclllatlon of funds: Total funds brought forward Net movement in funds 10,433 qO,224 2,107 1,826 12,540 12,050 59,291 (46, 751) Total funds carried forward 20,657 3,933 24,590 12,540 The Statement of financial activities indudes all gains and losses re(x)gnised in the year. The notes on pages 11 to 18 form part of these financial statements. Page 8
AHLULBAYT FOUNDATION (A Company Ilmlted by guarantee> REGISTERED NUMBER.. 07162533 BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 Noto Cuffent assets Cash at bank and in hand 12 30,031 17,441 30,031 17,441 Creditors.. amounts falling due within one year (SN41) (4.901) Net current as80ts 24,590 12,540 Total nat assets 24,590 12,540 Charity funds Restricted funds Unrestricted funds 3,933 20,657 2.107 10,433 Total funds 24,590 12,540 The Company was entitled to exemption from audit under section 477 of Ihe Companies Act 2006. The members have not required the company to obtain an audit for the year in questlon in accordan with section 476 of Companies Act 2006. The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime. The financial statements were approved and authorised for i&8ue by the Trustees and signed on thelr behalf by.. MrA Jaffar Trustee The notes on pages 11 to 18 form part of these financial statements. Page 9
AHLULBAYf FOUNDATION (A company Ilmlted by guarnnteg) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Cash flows from operating activities Net cash used in operating activities (Note 12} 12,590 (46,051) Change In cash and Cash 8qulvalents in the year Cash and cash equivalents at the beginning of the year 12,590 17,441 (46.051) 63,492 Cash and cash equlvalents at the end of the year 30,031 17,441 The notes on pages 11 to 18 form part of these financial statements Page 10
AHLULBAYf FOUNDATION (A company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 General Informatlon The charity is a private company limlted by guarantee, incorwrated in England and Wales, and consequenlly does not have any share capital. Each of the trustees is liable to contribute an amount not exceeding £14 towards the assets of the charity in the event of liquldation. A¢countlng pollcl88 2.1 Basls of preparatlon of financlal statements The charity constitutes a public tenefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to tharities preparing their accounts in accordance with the Financlal Reporting Standard applble In the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland {FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Accounting Practice. Ahlulbayt Foundation meets the definition of a public benefit entity under FRS 102. Assets and liabilities are inits'ally recognised at historical cost or transaction value unless otherwise stated in the relevant accounts'ng policy. 2.2 Income AJI income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Grants are included in the Statement of financial activities on a recelvable basi5. The balance of income received for specific purposes but not expended during the rIOd is shown In the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, th6 income is aCcrnd. Income tax recoverable In relatlon to donations received under Gift Aid is recognised at the time of the donation. Page11
AHLULBAYT FOUNDATION (A company Ilmited by guarantse) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting pollcle6 Iconllnued) 2.3 Expendlture Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party. it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs. including support costs invohfed in undertaking each activity, Direct costs attributable to a single activity are allocaled directy to that actrvity. Shared costs which contribute to more than one acts'vity and support costs which are not attributable to a single activty are apportioned beeen those activits'es on a basls con8lStent with the use of reSoUrs. Central staff costs are allocated on the basis of time spent, and depreciation charges allocaled on the FK)rtion of the asset's use. Expenditure on raising funds includes all expenditure incurred by the Company to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading. Expenditure on charitable activities is incurred on directly undertaking the activities which further the Company's objectives, as well as any associated support cost5. All expenditure is inclusive of irrecoverable VAT. 2.4 Inter•st recelvable Interest on funds held on deposit Is included when re1vable and the amount can be rneasud reliably by Ihe Company., this is normally upon notification of the interest paid or payable by the institution with whom the funds are deFM)Sited. 2.5 Taxatlon The Company is )nSlered 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 corporatlon tax purposes. Aco)rdingly, the Company is potentialty exempt from taxat5on in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent Ihat Such income w gains aTe applied exclusively to charitable purposes, 2.6 Cash at bank and In hand Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. 2.7 Credltors Liabillties are recognised when there is an obligati(M at the Balance sheet date as a result of a past event. it is probable that a transfer of economlc benefit will be required in settlement, and the amount of the settlement can be estimated lIablY. Liabilits'es are recognised at the amount that the Company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or serrfices it must provide. Page 12
AHLULBAYT FOUNDATION {A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accountlng policles (contlnued) 2.8 Fund accounllng General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Company arKI whlch have not been designated for other purposes. Restricted funds are funds which are to be used in accordance with specific restrictions Imposed by donors or which have been raised by the Company for particular purp)ses. The Gosts of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. Investment incomg, gains and losses are allocated to the appropriate fund. Income from donatlons and legacles Unrestrlcted Restrlded funds funds 2025 2025 Total funds 2025 Donations and sponsorships 107,636 1,826 109,462 T¢Aal 2025 107,636 1,826 109,462 Unrestricted funds 2024 Restricted funds 2024 Total funds 2024 Donations Grants 138,683 54,869 2,107 140, 790 54,869 193.552 2,107 195, 659 Page13
AHLULBAYT FOUNDATION (A company Ilmlted by guardntee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Investment Income Total funds 2025 Investment income - local cash Total UnrestiiGt8d funds 2024 Total funds 2024 Investment income- local cash 13 13 Anatysls of expenditure on charltable activitios Summary by fund type Unrestrlctod funds 2025 Total fund6 2025 offi expenses Independent examiner's remuneration 2,012 4.860 2.012 4,860 Total 8,872 6,872 All expenditure related to the Charltys sole activity. Independent examlner's remuneration 2025 2024 Fees payable to the Companys independent examiner for the independent examination of the Companls annual accounts 4,860 5,440 Page 14
AHLULBAYT FOUNDATION {A company Ilmlted by guarnntee) NOTESTO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Trustees. remuneratlon and expenses During the year, no Trustee received any remuneration or other benefits (2024 - £NiQ. During the year ended 31 March 2025, no Trustee expenses have been incurred (2024 - £NII). Credltors: Amount8 falling due wlthln one year 2025 2024 Other creditors Accruals and deferred income 5,440 4, 900 5,441 4,901 Page 15
AHLULBAYT FOUNDATION (A company limlted by guaranlee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Statement of funds Statement of funds - current year Balance at 31 March 2025 Balance at 1 Aprll 2024 Incoma Expenditure Unrestricted funds General Funds - all funds 10.433 107,636 {97,412) 20,657 Rostrlcted funds Restricted Funds - all funds 2,107 1,826 3,933 Total of funds 12,540 109.462 (97,412) 24.590 statement of funds - prior year B8lanc8 at 31 March 2024 Balance at l Apnl 2023 Income Expenditure Unrestrictod funds General Funds - all funds 57,032 193, 565 (240, 164) 10,433 Restrlcted funds Restricted Funds - all fvnds 2,259 2, 107 (2, 259J 2,707 Total of funds 59,291 195, 672 (242,423) 12,540 Page 16
AHLULBAYT FOUNDATION (A company Ilmlted by guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 10. Anatysis of net assets betweon funds Analysis of net assets between funds - current year Unr6strlcted Restrlcted funds funds 2025 2025 Total funds 2025 Current assets Creditors due within one year 26,098 {5,441) 3,933 30.031 (5,441 Total 20,657 3,933 24,590 Anatysis of net assets between funds - prior y•ar Unrnstricted funds 2024 Restricled fvnds 2024 Total fvnds 2024 Current assets Creditors due Within one year 15,334 (4, 901) 2, 107 17,441 (4,901) Total 10,433 2,107 12,540 11. Rg¢oncillatlon of net movement In funds to net cash flow from operatlng actlvltles 2026 2024 Net Incomelexpenditure for the year (as per Statement of Financial Activitj'es) 12,050 (46, 751) Adjustments for. Increase in creditors 540 7QO Net cash used In by operatlng actlvitles 12,590 (46.051) Page 17
AHLULBAYf FOUNDATION (A company Ilmtted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 12. Analysls of cash and cash equlvalgnt8 2025 2024 Cash in hand 30,031 17,441 Total cash and cash equlvalents 30.031 17,441 13. Analysis of net debt At 1 Aprll 2024 Cash flows At 31 March 2025 Cash at bank and in hand 17,441 12,590 30,031 17,441 12,590 30,031 Page 18