**Charity number: 1139201**
**Company number: 07436270**
**(England and Wales)**
## **The Abrahamic Foundation**
**Report of the Trustees and Unaudited Financial Statements**
**For the year ended 31 March 2023**
**The Abrahamic Foundation Contents Page For the year ended 31 March 2023**
|Report of the Trustees|1 to 4|
|---|---|
|Independent Examiner's Report to the Trustees|5|
|Statement of Financial Activities|6|
|Statement of Financial Position|7|
|Notes to the Financial Statements|8 to 12|
|Detailed Statement of Financial Activities|13 to 14|
## **The Abrahamic Foundation Report of the Trustees**
## **For the year ended 31 March 2023**
The Trustees, who are also directors for the purposes of company law, have pleasure in presenting their report and the financial statements for the charitable company for the year ended 31 March 2023. The Trustees have adopted the provisions of 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 the Republic of Ireland (FRS 102) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The charity's purposes, as outlined in its governing document, include providing educational and social provisions to communities, promoting religious and racial harmony, and assisting young people through leisure time activities and training.
## Main Activities
During the reporting period, The Abrahamic Foundation focused on community relations, interfaith activities, specialised projects for women, holiday activities for young people, and the expansion of youth provision through partnership working and the acquisition of the land on Crockets Lane next door to our current building.
## Land Acquisition Update
We are delighted to announce a significant milestone for The Abrahamic Foundation in the past year. Through dedicated efforts and the generous support of our community, we have successfully purchased the adjacent land for expansion. This accomplishment represents the culmination of years of fundraising endeavours.
We extend our heartfelt gratitude to all individuals, donors, and supporters who contributed to the fundraising campaign. Your commitment has played a pivotal role in making this expansion a reality, and we look forward to utilising this new space to further our mission and serve the community.
With the acquisition complete, our focus now shifts towards the strategic utilisation of the new land. Our objectives include the implementation of new initiatives, increased youth provision, and the launch of fundraising activities to support the expansion project.
## Strategies for the Future:
The acquisition of the neighbouring land aligns with our strategic objectives for expansion and development. This valuable addition to our assets provides an opportunity to enhance and broaden the scope of our services, reinforcing our commitment to the community.
## Contribution to Aims and Objectives
Activities undertaken during the period strengthened ties with local & national organisations, enhanced community presence, and acknowledged the valuable contributions of volunteers. Increase in capacity and funding for ongoing work.
## **Statement on public benefit**
The trustees have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.
## **Volunteers**
Volunteers are instrumental in the organisation's achievements, actively participating in fundraising, food sales, street cleaning, youth work, food bag packing, and various ad-hoc events throughout the year. The Foundation is steadfast in its commitment to bolstering and broadening its volunteer presence for heightened impact and effectiveness.
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## **The Abrahamic Foundation Report of the Trustees Continued For the year ended 31 March 2023**
## **ACHIEVEMENTS AND PERFORMANCE**
Main Achievements: The Foundation successfully delivered its current services with increased attendance. Fundraising efforts, family-oriented youth initiatives, and outreach activities were initiated. The Foundation established strong links with local and national organisations, distributed food parcels, and provided counselling sessions and the purchase of the land next door.
Funding Initiatives: Fundraising endeavours comprised a diverse range of activities throughout the period. These initiatives involved the Foundation actively engaged with Umrah groups, sponsored iftars, launched a Ramadan dates appeal, and successfully raised £13,342.77 to contribute to international humanitarian relief for the Turkey and Syria earthquake. These collaborative efforts highlight our commitment to addressing a variety of charitable needs and making a positive impact in the global community.
Impact on Beneficiaries: The Abrahamic Foundation's initiatives have had a significant and varied impact on beneficiaries, leading to positive transformations in individuals and the wider community.
1.Reducing Social Isolation: The Foundation's programs have played a crucial role in mitigating feelings of isolation among participants. Whether through community events, youth programs, or support networks, individuals have found a sense of belonging and connection.
2.Enhancing Social Cohesion: By actively fostering community relations, interfaith activities, and partnerships, The Abrahamic Foundation has substantially contributed to social cohesion. Our efforts aim to bridge gaps, promote understanding, and create a more inclusive and united community.
3.Collective Impact on the Local Community: The Foundation's presence and activities have had a collective impact on the local community. From street cleaning initiatives to collaborative projects with local organisations, we strive to improve the quality of life for residents and contribute to the overall well-being of the locality.
4.Youth Development and Empowerment: Focusing on youth provision, including specialised projects and the employment of youth workers, has yielded positive outcomes. Young people have engaged in meaningful activities, skill development, and mentorship programs, empowering them to become active contributors to society.
5.Educational and Social Provisions: The Foundation's commitment to providing educational and social provisions, has created opportunities for personal and intellectual growth. These provisions extend to diverse initiatives, including educational programs, workshops, and specialised projects for women.
In summary, the impact on beneficiaries extends beyond tangible outcomes. The Abrahamic Foundation is dedicated to creating a positive and lasting impact on individuals, fostering community bonds, and contributing to the betterment of society as a whole.
Benefit to Wider Society The benefits that The Abrahamic Foundation brings to wider society are extensive, reaching beyond the immediate impact on individual beneficiaries. The foundation's initiatives and contributions contribute positively to the broader community and society at large.
1.Social Harmony and Inclusivity: By actively promoting community relations, interfaith activities, and partnerships, the foundation fosters social harmony and inclusivity. These efforts contribute to building bridges between diverse communities, promoting understanding, and creating a more cohesive and integrated society.
2.Community Development and Well-being: The Foundation's presence and involvement in local initiatives, such as street cleaning and collaborative projects, contribute to the development and well-being of the entire community. These activities enhance the overall quality of life and create a sense of shared responsibility.
3.Youth Empowerment and Contribution: Investing in youth development not only benefits the individual young people but also contributes to the development of a proactive and engaged generation. Empowered youth are more likely to contribute positively to society, becoming future leaders and contributors to the community.
4.Educational and Cultural Enrichment: Providing educational and social provisions, with a focus on cultural awareness and understanding, enriches the broader societal landscape. The foundation's efforts contribute to a more informed and culturally aware society, fostering an environment of mutual respect.
5.Collective Social Responsibility: The Foundation's emphasis on volunteerism and community engagement encourages a
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## **The Abrahamic Foundation Report of the Trustees Continued**
## **For the year ended 31 March 2023**
sense of collective social responsibility. This, in turn, inspires individuals to actively participate in community-based initiatives, reinforcing the idea that societal well-being is a shared responsibility.
In essence, the benefit to wider society extends beyond the direct recipients of the foundation's programs. The Abrahamic Foundation actively contributes to creating a more harmonious, inclusive, and socially responsible society, fostering positive changes that resonate at both the local and global levels.
## **FINANCIAL REVIEW**
Unrestricted income for the period amounted to £162,299 and the principal funding sources were charitable donations of £107,654.
Unrestricted expenditure totalled of £178,122 and of this £121,566 is for wages and salaries.
## **Reserves**
Reserves The Trustees are of the opinion that the Balance Sheet discloses funds adequate for fulfilling the charity's obligations. The appropriate level of free reserves, not invested, is determined to be three months of operation costs.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
Governing Document: The Abrahamic Foundation is a charitable company registered with Company House (Reg no: 07436270) and Charity Commission (Reg no: 1139201), governed by a memorandum and articles of association incorporated on 11 November 2010.
Organisational Structure: The Charity trustees, who serve without remuneration, are responsible for the general control and management of the charity. The trustees meet quarterly to make decisions related to the organisation's facilities and activities.
## **REFERENCE AND ADMINISTRATIVE INFORMATION**
**Name of Charity** The Abrahamic Foundation **Charity registration number** 1139201 **Company registration number** 07436270 **Principal address** 215 High Street Smethwick West Midlands B66 3AH
## **Trustees**
The trustees and officers serving during the year and since the year end were as follows:
## **Independent examiner**
Dr Syed Mutaheer Ali Mr Mohammed Shakeeb Mr Nasir Rafiq Mr Nasir Zameer Akhtar Mr Ricky Bains Mrs Nadyia Husain Mrs Ritu Chadda Mr Zahir Hussain M S Aswani FCCA Mibsons Limited Chartered Certified Accountants 180 Birmingham Road West Bromwich B70 6QG
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**The Abrahamic Foundation Report of the Trustees Continued For the year ended 31 March 2023**
Approved by the Board of Trustees and signed on its behalf by
............................................................................. Mr Zahir Hussain
26 December 2023
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## **The Abrahamic Foundation Independent Examiners Report to the Trustees For the year ended 31 March 2023**
I report to the trustees on my examination of the accounts of the charitable company for the year ended 31 March 2023.
## **Responsibilities and basis of report**
As the charity Trustees, who are also directors for the purposes of company law, are responsible for the preparation 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 your charity's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiners statement**
I have completed my examination. I confirm that no 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 the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
3. the accounts do not comply with the requirements of section 396 of the 2006 Act 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; or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns 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.
M S Aswani FCCA Mibsons Limited Chartered Certified Accountants 180 Birmingham Road West Bromwich B70 6QG
26 December 2023
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## **The Abrahamic Foundation**
## **Statement of Financial Activities (including Income and Expenditure Account) For the year ended 31 March 2023**
|**Notes**
**Income and endowments from:**
Donations and legacies
2
Charitable activities
3
Community services
Investments
4
Bank interest receivable
Other income
5
Room Hire
**Total**
**Expenditure on:**
Charitable activities
6
Community services
**Total**
**Net income**
**Reconciliation of funds**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**funds**
**£**
162,299
50,335
149
3,379
**216,162**
(178,122)
**(178,122)**
**38,040**
358,380
**396,420**|**2022**
**£**
195,793
53,734
89
3,225|
|---|---|---|
|||**252,841**|
|||(177,373)|
|||**(177,373)**|
|||**75,468**
282,911|
|||**358,379**|
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Registered Number : 07436270
## **The Abrahamic Foundation Statement of Financial Position As at 31 March 2023**
||**Notes**|**2023**|**2022**|
|---|---|---|---|
|||**£**|**£**|
|**Fixed assets**||||
|Tangible assets|10|655,842|157,872|
|||**655,842**|**157,872**|
|**Current assets**||||
|Debtors|11|8,245|12,151|
|Cash at bank and in hand||81,295|201,959|
|||**89,540**|**214,110**|
|**Creditors: amounts falling due within one year**|12|(8,962)|(13,603)|
|**Net current assets**||**80,578**|**200,507**|
|**Total assets less current liabilities**||**736,420**|**358,379**|
|**Creditors: amounts falling due after more than one year**|13|(340,000)|-|
|**Net assets**||**396,420**|**358,379**|
|**The funds of the charity**||||
|Unrestricted income funds||396,420|358,379|
|**Total funds**||**396,420**|**358,379**|
For the year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
- The members have not required the company to obtain an audit of its accounts for the year in question in accordance
- with section 476,
- The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting
- records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.
The financial statements were approved and authorised for issue by the Board and signed on its behalf by:
Mr Zahir Hussain Trustee
26 December 2023
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## **The Abrahamic Foundation Notes to the Financial Statements For the year ended 31 March 2023**
## **1. Accounting Policies**
## **Basis of accounting**
The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and in accordance with the Charities SORP (FRS 102) ‘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)', Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Companies Act 2006.
The Abrahamic Foundation meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
## **Going concern**
At the time of approving the financial statements, the trustee have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustee continue to adopt the going concern basis of accounting in preparing the financial statements.
## **Funds**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity, and which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes.
Restricted funds are those which are to be used as per specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund.
## **Incoming resources**
All incoming resources are included in the statement of financial activities when the Charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
## **Resources expended**
Liabilities are recognised as resources expended when there is a legal or constructive obligation committing the Charity to the expenditure:
## **Tangible fixed assets**
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings 1% Straight line Plant and Machinery 20% Straight line Motor Vehicles 20% Straight line
## **2. Income from donations and legacies**
||**2023**|**2022**|
|---|---|---|
||**£**|**£**|
|**Unrestricted funds**|||
|Donations received|107,654|162,243|
|Grants received|54,645|33,550|
||**162,299**|**195,793**|
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## **The Abrahamic Foundation Notes to the Financial Statements Continued For the year ended 31 March 2023**
## **Analysis of grants received**
|BLACK COUNTRY
DWP RESOURCE MANAGMENT
FOUNDATIONS 4 THE FUTURES
ISLAMIC RELIEF
JOB RETENTION SCHEME
NORTH SMETHWICK DEVELOPMENT
S.C.V.O WARM SPACES
SANDWELL MBC
SANDWELL MBC - HAF GRANT
**3. Income from charitable activities**
**Unrestricted funds**
_Community services_
Educational services
**4. Investment income**
**Unrestricted funds**
Bank interest receivable
**5. Other income**
**Unrestricted funds**
Room Hire|**2023**
**£**
6,829
12,580
1,500
20,160
-
-
4,760
-
8,816
**54,645**
**2023**
**£**
50,335
**2023**
**£**
149
**149**
**2023**
**£**
3,379
**3,379**|**2022**
**£**
-
9,904
-
-
5,684
710
-
3,323
13,929|
|---|---|---|
|||**33,550**|
|||**2022**
**£**
53,734
**2022**
**£**
89|
|||**89**|
|||**2022**
**£**
3,225|
|||**3,225**|
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## **The Abrahamic Foundation Notes to the Financial Statements Continued For the year ended 31 March 2023**
## **6. Costs of charitable activities by fund type**
|**Unrestricted funds**
Community services
Support costs
**7. Analysis of support costs**
Governance costs|**2022**
**2023**
**£**
**£**
174,405
174,865
2,968
3,257
**177,373**
**178,122**
**2022**
**2023**
**£**
**£**
3,257
2,968|
|---|---|
## **8. Staff costs and emoluments**
Total staff costs for the year ended 31 March 2023 were:
|Salaries and wages
Social security costs
Pension costs
Admin and teachers|**2023**
**£**
117,598
2,460
1,508
**121,566**
**2023**
14
**14**|**2022**
**£**
84,923
-
761|
|---|---|---|
|||**85,684**|
|||**2022**
10|
|||**10**|
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## **The Abrahamic Foundation Notes to the Financial Statements Continued For the year ended 31 March 2023**
## **10. Tangible fixed assets**
||**Land and**|**Plant and**|**Motor**||
|---|---|---|---|---|
|**Cost or valuation**|**Buildings**|**Machinery**|**Vehicles**|**Total**|
||**£**|**£**|**£**|**£**|
|At 01 April 2022|164,217|9,842|4,314|178,373|
|Additions|501,419|1,228|-|502,647|
|At 31 March 2023|**665,636**|**11,070**|**4,314**|**681,020**|
|**Depreciation**|||||
|At 01 April 2022|14,778|4,860|863|20,501|
|Charge for year|1,642|2,172|863|4,677|
|At 31 March 2023|**16,420**|**7,032**|**1,726**|**25,178**|
|**Net book values**|||||
|At 31 March 2023|**649,216**|**4,038**|**2,588**|**655,842**|
|At 31 March 2022|**149,439**|**4,982**|**3,451**|**157,872**|
## **11. Debtors**
|**Amounts due within one year:**
Prepayments and accrued income
Other debtors
**Creditors: amounts falling due within one year**
Other creditors
Accruals and deferred income
**Creditors: amounts falling due after more than one year**
Loans and overdrafts|**2023**
**£**
366
7,879
**8,245**
**2023**
**£**
7,401
1,561
**8,962**
**2023**
**£**
340,000
**340,000**|**2022**
**£**
-
12,151|
|---|---|---|
|||**12,151**|
|||**2022**
**£**
11,108
2,495|
|||**13,603**|
|||**2022**
**£**
-|
|||**-**|
## **12. Creditors: amounts falling due within one year**
## **13. Creditors: amounts falling due after more than one year**
Qard e Hasanah of £340,000 was taken in relation to the property acquisition.
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## **The Abrahamic Foundation Notes to the Financial Statements Continued For the year ended 31 March 2023**
## **15. Analysis of net assets between funds**
||**Tangible**|**Net current**|**Creditors >**|**Net Assets**|
|---|---|---|---|---|
||**fixed assets**|**assets /**|**one year**||
|||**(liabilities)**|||
||**£**|**£**|**£**|**£**|
|**Unrestricted funds**|||||
|_General_|||||
|General|655,842|80,578|(340,000)|396,420|
||**655,842**|**80,578**|**(340,000)**|**396,420**|
|**Previous year**|||||
||**Tangible**|**Net current**|**Creditors >**|**Net Assets**|
||**fixed assets**|**assets /**|**one year**||
|||**(liabilities)**|||
||**£**|**£**|**£**|**£**|
|**Unrestricted funds**|||||
|_General_|||||
|General|157,872|200,507|-|358,379|
||**157,872**|**200,507**|**-**|**358,379**|
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## **The Abrahamic Foundation Detailed Statement of Financial Activities For the year ended 31 March 2023**
|**INCOME AND ENDOWMENT**
**Donations and legacies**
Donations
Grants receivable
**Charitable activities**
Educational services
**Investments**
Bank interest receivable
**Other income**
Room Hire
**Total incoming resources**
**EXPENDITURE**
**Charitable activities**
Staff costs - wages & salaries
Staff costs - social security costs
Staff costs - pension contributions
Depreciation - owned assets
Event expenses
Teaching materials
Sub-contractor
Travel and subsistence
Rates
Light and heat
Insurance
Office cost
IT expense
Repair and maintenance
Stationary and printing
Advertisment
Telephone
Motor expense
Website
**SUPPORT COSTS**
**Governance costs**
Accountancy fees
Other finance costs
Professional fee|**£**
**2023**
107,654
54,645
**162,299**
50,335
**50,335**
149
**149**
3,379
**3,379**
**216,162**
(117,598)
(2,460)
(1,508)
(4,677)
(20,225)
(1,390)
(6,967)
(74)
(855)
(4,621)
(1,169)
(605)
(1,633)
(1,995)
(579)
(6,368)
(719)
(871)
(551)
**(174,865)**
(1,728)
(379)
(1,150)
**(3,257)**|**£**
**2022**
162,243
33,550|
|---|---|---|
|||**195,793**
53,734|
|||**53,734**
89|
|||**89**
3,225|
|||**3,225**|
|||**252,841**
(84,923)
-
(761)
(4,473)
(18,592)
(1,796)
(40,384)
(189)
(791)
(4,683)
(1,323)
(5,812)
(2,137)
(3,051)
(230)
(906)
(1,077)
(693)
(2,584)|
|||**(174,405)**
(1,668)
-
(1,300)|
|||**(2,968)**|
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This page does not form part of the statutory financial statements
## **The Abrahamic Foundation Detailed Statement of Financial Activities Continued For the year ended 31 March 2023**
**Total resources expended Net Income**
|**(178,122)**
**38,040**|**(177,373)**|
|---|---|
||**75,468**|
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This page does not form part of the statutory financial statements