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← Doostan

2024-11-30-accounts

Docusign Envelope ID: 5705EE18-2F53-4E5A-B4B0-6DD509D32C02 

REGISTERED COMPANY NUMBER: 04972133 (England and Wales)
REGISTERED CHARITY NUMBER: 1139464

Strategic Report, Report of the Trustees and

Unaudited Financial Statements for the Year Ended 30th November 2024

for
Doostan

NYC Business Mentors, Chartered Accountants
19 Whittle Drive
Bedfordshire
SG18 8GF

Docusign Envelope ID: 5705EE18-2F53-4E5A-B4B0-6DD509D32C02

Doostan

Contents of the Financial Statements
for the Year Ended 30th November 2024
Page
Strategic report 1
Report of the trustees 2
Independent examiner's report 3
Statement of financial activities 4
Statement of financial position 5 to 6
Notes to the financial statements 7 to 11
Detailed statement of financial activities 12 to 13

Docusign Envelope ID: 5705EE18-2F53-4E5A-B4B0-6DD509D32C02

for the Year Ended 30th November 2024

Doostan

Strategic Report

Objectives and Aims:

The activities of the charity comprise the promotion of the education (including social and physical training) of the people in developing countries in such ways as the Charity Trustees see fit, including the provision for the construction, repair and maintenance of buildings and related facilities necessary for their education.

Strategies and Activities:

Doostan property, consisting of one retail unit and 5 flats has been fully occupied and generating sufficient revenue to start repaying the private loan ,obtained in 2023, to renovate the property. Lump sum of £35,000 was repaid and the target is to repay the £250,000 loan completely by 2026.

In order to generate awareness of the Doostan charity, an art exhibition was held during 14-15 March 2024. This two day event was well attended and generated around £6,000.

Performance Review:

Doostan's focus is repayment of the private loan obtained in 2023 for redevelopment of its property. The property generates around £8,000 monthly rental income.

Future Plans:

Will actively seek educational opportunities in focus areas once the private loan is repaid. Activities in Iran depends on the status of US sanctions.

Risks and Uncertainties:

Do not anticipate any risks while the focus is on repayment of the private loan.

Approved by order of the board of trustees on 26th November 2025 and signed on its behalf by:

.................................................................................

N Bonakdarian - Trustee

Page 1

Docusign Envelope ID: 5705EE18-2F53-4E5A-B4B0-6DD509D32C02

for the Year Ended 30th November 2024

Doostan

Report of the Trustees

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30th November 2024. 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 Republic of Ireland (FRS 102) (effective 1 January 2019).

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

04972133 (England and Wales)

Registered Charity number

1139464

Registered office

77 Southway London N20 8DE

Trustees

M Asadi N Bonakdarian A Nili A M Sarrafan B Ghodrati

Company Secretary

N Bonakdarian

Independent Examiner

NYC Business Mentors, Chartered Accountants 19 Whittle Drive Bedfordshire SG18 8GF

Approved by order of the board of trustees on 26th November 2025 and signed on its behalf by:

.................................................................................

N Bonakdarian - Trustee

Page 2

Docusign Envelope ID: 5705EE18-2F53-4E5A-B4B0-6DD509D32C02

Independent Examiner's Report to the Trustees of Doostan

Independent examiner's report to the trustees of Doostan ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 30th November 2024.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you 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 as 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 examiner's 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:

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 accounting 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.

Nadeem Chundrigar

NYC Business Mentors, Chartered Accountants 19 Whittle Drive Bedfordshire

Date: 26th November 2025

Page 3

Docusign Envelope ID: 5705EE18-2F53-4E5A-B4B0-6DD509D32C02

Doostan

Statement of Financial Activities

for the Year Ended 30th November 2024

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
Investment income
2
Total
EXPENDITURE ON
Raising funds
Property Rental Expenses
Total
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 2024
Unrestricted
fund
£
26,674
145,462
172,136
32,175
37,160
69,335
102,801
1,920,270
2,023,071		 2023
Total
funds
£
23,708
83,410
107,118
6,789
53,603
60,392
46,726
1,873,544
1,920,270 
The notes form part of these financial statements

Page 4

Docusign Envelope ID: 5705EE18-2F53-4E5A-B4B0-6DD509D32C02

Doostan

Statement of Financial Position

30th November 2024

Notes
FIXED ASSETS
Investment property
5
CURRENT ASSETS
Debtors
6
Cash at bank
CREDITORS
Amounts falling due within one year
7
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
CREDITORS
Amounts falling due after more than one year
8
NET ASSETS
FUNDS
10
Unrestricted funds
TOTAL FUNDS		 2024
Unrestricted
fund
£
2,148,351
5,000
28,607
33,607
(8,887)
24,720
2,173,071
(150,000)
2,023,071
2,023,071
2,023,071		 2023
Total
funds
£
2,146,931
300
35,920
36,220
(12,370)
23,850
2,170,781
(250,511)
1,920,270
1,920,270
1,920,270 
ThecharitablecompanyisentitledtoexemptionfromauditunderSection477oftheCompaniesAct2006fortheyear ended
30th November 2024.

Themembershavenotrequiredthe companyto obtainan auditofits financialstatementsforthe yearended30thNovember2024 in
accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

continued...

Page 5

Docusign Envelope ID: 5705EE18-2F53-4E5A-B4B0-6DD509D32C02

Doostan

Statement of Financial Position - continued

30th November 2024

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 26th November 2025 and were signed on its behalf by:

.............................................

N Bonakdarian - Trustee

The notes form part of these financial statements

Page 6

Docusign Envelope ID: 5705EE18-2F53-4E5A-B4B0-6DD509D32C02 

Notes to the Financial Statements

for the Year Ended 30th November 2024

Doostan

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

Thefinancialstatementsofthecharitablecompany,whichisapublicbenefitentityunderFRS102,havebeenprepared in
accordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities:StatementofRecommended Practice
applicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancialReportingStandardapplicableintheUK and
RepublicofIreland(FRS102)(effective1January2019)',FinancialReportingStandard102'TheFinancialReporting Standard
applicablein the UK and Republicof Ireland'and the CompaniesAct 2006.The financialstatementshave been prepared under
the historical cost convention.

Income

All income is recognisedin the Statementof FinancialActivitiesonce the charityhas entitlementto the funds, it is probable that
the income will be received and the amount can be measured reliably.

Expenditure

Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommittingthecharityto that
expenditure,it is probablethat a transferof economicbenefitswill be requiredin settlementand the amountof the obligation
canbemeasuredreliably.Expenditureisaccountedforonanaccrualsbasisandhasbeenclassifiedunderheadings that
aggregateallcostrelatedtothecategory.Wherecostscannotbedirectlyattributedtoparticularheadingstheyhave been
allocated to activities on a basis consistent with the use of resources.

Investment property

Investmentpropertyisshownatmostrecentvaluation.Anyaggregatesurplusordeficitarisingfromchangesinfairvalue is
recognised in the Statement of financial activities.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthecharity.Restrictionsarise when
specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2. INVESTMENT INCOME

Rents received
Bank deposit interest received		 2024
£
144,887
575
145,462		 2023
£
83,335
75
83,410 
continued...

Page 7

Docusign Envelope ID: 5705EE18-2F53-4E5A-B4B0-6DD509D32C02 

Notes to the Financial Statements - continued
for the Year Ended 30th November 2024

Doostan

3. TRUSTEES' REMUNERATION AND BENEFITS

Therewerenotrustees'remunerationorotherbenefitsfortheyearended30thNovember2024norfortheyear ended
30th November 2023.

Trustees' expenses

There were no  trustees' expenses paid for the year ended 30th November 2024 nor for the year ended 30th November 2023.

4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

5.

INCOME AND ENDOWMENTS FROM
Donations and legacies
Investment income
Total
EXPENDITURE ON
Raising funds
Property Rental Expenses
Total
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
INVESTMENT PROPERTY
Fair value
At 1st December 2023
Additions
At 30th November 2024
Net book value
At 30th November 2024
At 30th November 2023		 Unrestricted
fund
£
23,708
83,410
107,118
6,789
53,603
60,392
46,726
1,873,544
1,920,270
£
2,146,931
1,420
2,148,351
2,148,351
2,146,931		 Unrestricted
fund
£
23,708
83,410
107,118
6,789
53,603
60,392
46,726
1,873,544
1,920,270
£
2,146,931
1,420
2,148,351
2,148,351
2,146,931
107,118
6,789
53,603
60,392
46,726
1,873,544
1,920,270
£
2,146,931
1,420
2,148,351
2,148,351
2,146,931		 
continued...

Page 8

Docusign Envelope ID: 5705EE18-2F53-4E5A-B4B0-6DD509D32C02

Doostan

Notes to the Financial Statements - continued
for the Year Ended 30th November 2024
6.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other debtors
Prepayments and accrued income
7.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other creditors
Accruals and deferred income
8.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
Bank loans (see note 9)
9.
LOANS
An analysis of the maturity of loans is given below:
Amounts falling due between two and five years:
Bank loans - 2-5 years
10.
MOVEMENT IN FUNDS
Unrestricted funds
General fund
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
TOTAL FUNDS		 At
1/12/23
£
1,920,270
1,920,270
Incoming
resources
£
172,136
172,136		 2024
£
-
5,000
5,000
2024
£
7,000
1,887
8,887
2024
£
150,000
2024
£
150,000
Net
movement
in funds
£
102,801
102,801
Resources
expended
£
(69,335)
(69,335)		 2023
£
300
-
300
2023
£
10,800
1,570
12,370
2023
£
250,511
2023
£
250,511
At
30/11/24
£
2,023,071		 2023
£
300
-
300
2023
£
10,800
1,570
12,370
2023
£
250,511		 2023
£
300
-
300
2023
£
10,800
1,570		 2023
£
300
-
300
12,370
2023
£
250,511
2,023,071
Movement
in funds
£
102,801
102,801
102,801 
continued...

Page 9

Docusign Envelope ID: 5705EE18-2F53-4E5A-B4B0-6DD509D32C02

Doostan

Notes to the Financial Statements - continued
for the Year Ended 30th November 2024

10. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

At
1/12/22
£
Unrestricted funds
General fund
1,873,544
TOTAL FUNDS
1,873,544
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
107,118
TOTAL FUNDS
107,118
A current year 12 months and prior year 12 months combined position is as follows:
At
1/12/22
£
Unrestricted funds
General fund
1,873,544
TOTAL FUNDS
1,873,544		 Net
movement
in funds
£
46,726
46,726
Resources
expended
£
(60,392)
(60,392)
Net
movement
in funds
£
149,527
149,527		 At
30/11/23
£
1,920,270
1,920,270
Movement
in funds
£
46,726
46,726
At
30/11/24
£
2,023,071
2,023,071 
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
TOTAL FUNDS		 Incoming
Resources
Movement
resources
expended
in funds
£
£
£
279,254
(129,727)
149,527
279,254
(129,727)
149,527		 Incoming
Resources
Movement
resources
expended
in funds
£
£
£
279,254
(129,727)
149,527
279,254
(129,727)
149,527
149,527 
continued...

Page 10

Docusign Envelope ID: 5705EE18-2F53-4E5A-B4B0-6DD509D32C02 

Notes to the Financial Statements - continued
for the Year Ended 30th November 2024

Doostan

11. RELATED PARTY DISCLOSURES

Consult2 Build Ltd, a companyof which Mr Nili is a directorand shareholderalso a foundingtrustee,waspaid £400.25 expense
for event cost.

Page 11

Docusign Envelope ID: 5705EE18-2F53-4E5A-B4B0-6DD509D32C02

Doostan

Detailed Statement of Financial Activities

for the Year Ended 30th November 2024

2024 2023
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Donations and gifts (4,159) 23,708
Event income 30,833 -
26,674 23,708
Investment income
Rents received 144,887 83,335
Bank deposit interest received 575 75
145,462 83,410
Total incoming resources 172,136 107,118
EXPENDITURE
Raising donations and legacies
Event cost 26,893 4,700
Property Rental Expenses
Rates and Water 2 1,615
Insurance (1,402) 3,383
Property repairs 3,568 3,136
Legal fees - 1,815
Bank loan interest 21,833 23,000
Property Cost 11,774 20,654
Cleaning 1,385 -
37,160 53,603
Support costs
Management
Telephone 617 -
Postage and stationery 1,094 -
1,711 -
Finance
Bank charges 87 87
Governance costs
Accountancy and legal fees 1,858 1,569
Storage Costs 202 -
Travel and subsistence - 20
Subscriptions 388 413
Carried forward 2,448 2,002 
This page does not form part of the statutory financial statements

Page 12

Docusign Envelope ID: 5705EE18-2F53-4E5A-B4B0-6DD509D32C02

Doostan

Detailed Statement of Financial Activities

for the Year Ended 30th November 2024

2024 2023
£ £
Governance costs
Brought forward 2,448 2,002
Advertisement 1,036 -
3,484 2,002
Total resources expended 69,335 60,392
Net income 102,801 46,726 
This page does not form part of the statutory financial statements

Page 13