Charity number: 1140153 Rahmah Foundation Report of the Trustses and Unaudltsd Flnanclal Statements For the year ended 31 March 2023
Rahmah Foundatlon Contents Pag• For tho year ondod 31 March 2023 R•port ot th• TN8t••8 1to2 1Tr3gpendent exanlnee• Report to the TnAt•88 st•twNnt of Fknanchl Act8 Statam•nt of Fkn#ndpl Po•lUon Not•• to th• Fkn•nd•l Sl•i•rn•nts 8t011 Dth811od Statsmenl of nlI Aclivlll•s 12
Rahmah Foundation R•port of th• Trustees For the year ended 31 flarch 2023 Th• Trustees hav• pl•asum in prfiting Ih8ir roport th? financkgl 8tatemonts for the tharlty lor yr •nd•d 31 March 2023. The Trustee$ have adopted th• wovk%ions ol Accounting artd R8POrting by Cha$.. Ststerrnt of R•cornmanded PradA applicabl8 to thontie8 prepwiThJ thew ac¢>)unls In accordanc• wllh th• FlnanrAal R•portir¥J St¥ndard applits in th? UK and th? Rewblic of Ir•land IFRS 1021 {•fftelivè 1 January 20191. 08JecTives AND ACTiviries To adv•nc• •duc&tion th• bon•ffl ofthe poor, undeVIad and the gongral publlc by mean$ al, but not eXclulY. the provi•ion or tho a$8Hlancg In the PS1On ol •due•lonfil acUvttKg8 And lacilith, auth •$ •thool$. •uppknrnentary 8choo18, nurn•rfèi ané training e8ntrè8. To adv•ftc• tha r•lb3ion of l$18m. by of. but Mt •xclu8fvety, promollftg th• t•achlngs longts ol l$l•m. provljion of fac111e$ lor wornhip and provision ol laulitk15 for lllwic educBtion, ID accordance wlth th• teachlng8 olth• Qurnn And •unn•h ol the prophet Muharnrnad (poac• and bk••slng8 b8 upon hlrnl., To r•ll•¥• flnond&l hard•hlp. dL4trots and auffodng among poor poopl•, refvie88, vlctims ol natural di58storn 4nd other pgople In need, by mean8 ol. but not •xcluth8ty, making gr8nt¥ or loan• for providing of y1ft9 lor It8m8, 8qulpm8nt. ryk•• WKI tscllttkry•, Indu(Wng th• provi8kJn of food. dothlAg. Ond •cwmrnodgDon for tho per6on•. Th• math •¢llvthi und•rt•n On r•lokn to thom PLUPOBg• durfn9 th• pw4. R•hmah Foundatlon 8trIv•8 to iuA)ort high qualty l•l•mlr SthoDl•, Mi•ltth, Madrasah• •nd youthlcommunlty ects in Mling 8et.up and oporalkn&l colts In Kolkota Ind1. Mts• f1 vl• vfjolt• to Ma•lld•, to donorn And lundr4lilng to iupport projgcts vthlch w• are able to iupport. Th• maln und•rtak•n dubyng tha p•rfod to furthgr thg puwe for th• publlc b•rfft On• ol Ihg maln obleth¢• ol Ih? Tw•t li to'•dvanc• •ducatton lor th• b•n•fft ofth• poor, th• und•rprivil¢g and t g•n•rnl publlc.., Th• Trubt earrf• ¢t th1 objactlvo by providlnq gran18 to pralectj that 98ek to a•lup and dwlop hbh qu•lSty Ind•p•nd•nt l•l•ml¢ School• and M•drauh8 frr b•n•fil of th•lr local Commune•. Durlng thIB fln¥nd41 ye•r Rahmah F(nd0Th •upport•d oth•r loc1 th•rfty'i, th1• brude4 Kthnl Mu•llm A•8oclatlon In •upport of HowSt•l in G•u, J¥mi•t Ulgma l Hlnd In •uppart of Educabonil 0¢tfvIl for pwr In Indla. M•dlul Ald wpport of Muilim8 In Malawi 8uff•ring 1M vlr¥l dl89080 and n•tural dl8a8t•r. Tlkg tru8t•e• had rng•rl to th• charty ef1mmL8l)n'8 guidwnrn on publlc t•ngfit Sn m•n•olng th• •cJvth• ofth• cmrity. OblKtIvg0 •nd trystg9i hovg ¢w•ldwe<l th• Ch•rlty Comrnl•iGffi'• wld•rc• on publk b•Mflt, IndudlNJ th• guklon¢• 'publk t•nth'. nnlng • ch•rlty IP821'. FINANCIAL REVIEW The thjrlty has •ufflclwl •i••ts to ¢ovor th• •hort Ind long t•mi Ilabllttkn. 8TRucllJRE, aovERNANCE AND AIANAGeMeNT G?vemlng docum•nt Rahmah Foundauon 1¢ wknt•rod wth Chorfty comrntsJn (RegltIon Nurnbw 11401S31 And cxMbtutad by th• da8d of trust. Th• CrIty tnJ•t••s ar• rMpoTralb forth• g•ft•rnl e4ntrol •nd m•n•g•m•nt 011 d)arty. Th• tru8tè•8 giva tho Ill freely and recefve no rgmuneralon orolher financlal beneffts. The tru8t•O8 meet togolher al a bedy quart•rly and aro ro$pon$blè for all dè¢loni' taken in r8latino to runnlng the 0rganljaon fadllttes and the aCttIo8 provided by the tharbty R•crultmontrtd appolntm•nt of tru•ts6• Naw tru5tse8 are appointed by 8xi8tirvJ tru¥te85 88rye for a rIod of 3 years aft8rwhi¢h Ihgy may put themse9$ lOrwa for reappolntment. At any one ttme. tha Iru8t1s govemed ty a minim of3 and a maximum 015 truthos. REFERENCE AND AOMINISTRATIVE INFORMATION NAM• of Charlty Chailty r•glstratlon numb•r prtnclpal addr• Rahmah Fowhjotlon 1140153 128 Townlay Gathn 1 of 12
Rahmah Foundation Report of the Trustees Continued For the year ended 31 March 2023
Birmingham West Midlands
B66LR
Trustees
The trustees and officers serving during the year and since the year end were as follows:
Mr Ismail Bhayat Mr Ismail Ibrahim Lorgat Mr Mohamed Uvaish Bhayat Mr Sabbir Ahmed Kharodia
Independent examiners
M S Aswani FCCA Mibsons Limited Chartered Certified Accountants 180 Birmingham Road West Bromwich B706QG
Approved by the Board of Trustees and signed on its behalf by
.......... � ............................. . Mr Is ~~mail Ibrahim Lorgat~~
19 September 2023
2 of 12
Rahmah Foundatlon Independent Examlnevs Report to the Tnmle For the year ended 31 March 2023 l rnportlo the tnwtees on my examination ofthg 8nts ofthg ¢[Ity lor the yw oThJpd 31 Morth 2023. R•sponsSbllllE¢s arKI bBB55 01 report As the chanty tnssiee$, you are reBp¢wibkn for thg preparation Of tho a¢unIS in actsrdan with wuirèmènt8 ot t chwit$A¢t 20111'the 2011 Arf). I report In respe of my examinabon of Ihe charity'5 aceounts carried out und 88Ction 145of the 2011 Ad arKI tn rying my •xamin&tion I have follod all the applicable DIrtiOnS gwen by the Charity Cunmission under SeCOn 14gSllbl ol Indyndent examlmrg $tat•m•rt I havo cornp18tsd my 8xaminath)n. I confim) that no matters haw com• to my attanOft In unnacNon with th& •xaml)alon giving mè eause to b•lim that in any matgrial rnspecL 1. 8unting r8COTds were noi kepl in resp8ci of the Clwity as Mquirad by aèdion 130 of tha 2011 Aer or 2. th8 aecourts do not aceord with thosa r8eords.' or 3. thè aeeounts do not comply with th8 applicablo requirements cxjnceming the fomi and content ol accounts sot out In th• Charthes (Accounts and Reports) Re9ulai¢ons 2008 otherthan any requirement that the XCOLmts give a't¥ue and fairvv whkh b not a maltsr con&d8r•J as part ofan indap8ndent examinalton. I hav• no conc4m$ and have comè across other matters in connectton wth the exarnlnalon attffitlon should be drawn in this roport in order to ena10 a proper understandin9 01 the accounts to be rea¢ld. M S Aswanl FC Mibsons Linited Chartered Certified Accountants 180 Bimiiftgham RoAd West Brormwich 870 6QG 19 September 2023 3of12
Rahmah Foundation Slatomont of Flnancial Actlvltle8 For the year ended 31 March 2023 2022 fund8 DonatK•n¥ fegaci Inveslments Income from inv•sbTrent propgrties Total 107.875 184.247 11.4QJ 10.472 118.975 194,719 Expentlliur• on: Rai$in9 funds Inv&sbNnt managnI Charitatjle activthos Zakat Lillah & Sadqah Tolal 17741 14.7701 169.1071 128,7991 1118,6801 182.0001 172.7851 1169,6661 Nèt in¢om• 295 36,164 ROn¢111a1lon ol funds Total funds brought foNard Total funds carr19d forward 353.125 353,420 317,961 353.125 40112
Rahmah Foundatlon statsment of Flnanclal Posltlon As at 31 Mar¢h 2023 Note5 2023 2022 Flx•d asgats Inve8trtn18 11112 199.502 199.502 199.502 199.502 13 2S.000 129,103 154.103 1480} Cash at bank artd in ha1 154,398 154.398 14801 CrndltoY8: amoiinis fallng du•tAthln on• y•ar 14 Net ¢urrent aM•ts 153.918 353.420 153,623 351125 Totsl assets I* ¢urr•nt Ilablllttes Net a$8•ts 383A20 351125 The lunds of thè charlty Restrirtsd inluna funds 15 353.420 353.125 Totsl lunds 353N20 351126 Thè financial ststsm•nts approvad artd aulhorised for is$ by thè Board aftd siorwd orb ils by.. Mr Ismail Ibrahim Lorgat TNst•e 19 September 2023 5of12
Rahmah Foundatlon Note8 to the Flnanclal Statsments For the year ended 31 Mar¢h 2023 1. Accoulng PollcEeJ Bo81& of ac¢ountSng The financtal statents hove been pf¢pgrtyl undor Ihè hithrfeal eost eonvontion, ox£t lor In¥•sbmeThts whlch are includ8d at market Val and thè mvalualion ol rtain flxod assets anrj In aco)rdance with the Charie$ SORP IFRS 1021 Accountlr8 8nd Wrting by ¢hariti88'. StaieThnt of Recofflm8nd8d Practice applicab to charth85 PI8P8ring thoir ac£oun18 in accordane• wiu) th• Financial RewlDig Standard appIa In the UK and Repub1t¢ol Ir81and IFRS 1021 leffeGtNO 1 January 20191,. Finan¢HI R¢porbng Standard 102 th8 Finamal Reporting Standard aPIcab in the UK and Rq>ubli¢ of Irend IFRS 1021. and Charities Ad 2011. Ralunah FourJotion maèts tho d•finilion ol a PU1¢ bonefft entty wder FRS 1tr2. Assets and liabllitb5 are Snibalty r•eegni98d at histOrifAI cost or transathon value unless otheTh¥e stated in the relant awAunting poli note(¥l. Golrfj ¢onc•rn At thg time ¢f approvwig Ihè finantsal stat8m&nts, tha trusta&s haw a r8asoftab pecIatI)n Ihat the chai6ty has adequate r8sourt8s to CtinO in op8rntKJnal exist•nc• fort fOr•sabl& firtur8. Thus. tho Iwst8• continu• to adopt the going concem basb ol accountlThJ in preparing the financial 8tatements. Funds Unreslrfct•d funds ar• available for al the discretion of the truskes in furtherance of the ger41 obiectsves of the charity. arkJ vknith have not b88n designated lor othar puwp0888. D•swdnat•d (unds ecmprfse unrastrktad fur#1s that hav• b88n sot ask1& by tho trust8os for partJJlar purposes. Restricted funds ar8 thos8which are to be used as per sp8cfic r8striction8 Imposed by donors or which have b88n rad by tha ¢h#rity f¢r particular purp¢)s•s. Thè cost of rdiSiAg and administiffj sh lurtds aT8 thargod againstthè 4Jècrfic fund. Incomlng re•ourc All Incoming rasources are induded In the statement of Ilnandal actmlles wheft tl* Ch8r(ty is trfed to Ihe InCe and the amount ¢an be w8ntifd wlh rg080nabb aty. The folbwing 8pedfic poli¢N?8 are appled to parbcuiqr ategorigs of InM8.. •xp&nded abilitvas are r•tsJgfiid as ra8eoJre•$ •xpend8d Wkn th8rt1a a lagal ¢xconstAth• oblybon tomlIbAg thè Chaiity th• expondltura: Taxatlon Th• Dicomelgalns have boon appllod lor charltablo pwpos•s onty and as a r•sutt SOCIn 505 ICTA 1988 forth• exwnpbon of tharity¥ incorne from direct taxation. Z In¢omo from donatknns and legacles 2023 2022 Restrietod fun Donatron$ received 08,240 9,335 170.673 13.574 Gfft8 n 107,576 1N247 6of12
Rahmah Foundation Notsg to the Financlal Slataments Conllnugd For the y&qr ended 31 March 2023 3. Inv•8th1ont In¢¢th• 1022 Rtstrict tun Incom• from inv•$tht propgrUes 11.41 10,472 10,472 2023 2022 InVent proF*rty managenwnt feos 774 4.770 T14 7of12
Rahm•h Foundalk•n Not08 to the FinanGial Statemtnts Continu¢d For the year onded 31 Alarch 2023 2022 Rahm•h FOurn Kdkol• 89.107 8z,000 81107 Ullah a Sadqth 1glarntcllWare 7.01S 10.000 8,940 11.920 5,150 32.000 3.110 Koknl Mu•lim Jamiat Ukn)a l Hir Anjuman-e-l¥hul Mwllmln Dr G M Lorgat Mortk•l Ahj IAlthy Tr••$ IAl¥hr• 20.423 71.120 8upport ¢o•t• Ull•h & S•dq•h Accountancy f• Motor and •xponM• Otmr finan e411• 145 117,908 164,785 •. Co8ts of eh•rt1at>1•aGyI¢I8l ty xtlvlty typ• 2023 2022 Adl¥lllM und•rt•k•n dr•• Zkat 89.107 28,799 82.000 72.785 LAllah & Sadq•h 117.908 154.786 7. An•ly•l• of•W> 2023 2022 1.86$ 8crf12
Rahmah Foundatlon Not88 to the Flnanclal Statements Conllnued For tho year •nd•d 31 March 2023 . Ngl Sncom¢llexpgnthlur•l forthe yMr Thls stated •ft•r¢h•rgiiWlcredthngl: 2023 2022 AeLountancy h•6 600 10. compar¥9 lor th• 8t•tom•nt ofFln•nct41 Actlvlu Th• cunp•ralfv• y•w valu•s on th• St•10Tht al Flr•ncl•l Advlt•• w• lor r••trfct•d funds. 11. An•ty•l• ol mov•m•n¢ ¢¢nvn•r¢l•l In¥••thnt• Invwtsn•rt prwrty F•lr v4luo 4101 Aprfl 2022 Falr vilu• at 31 March 2023 199.802 199,502 11 Aty• of Inv••tsn•nts b•tw••n fun A• at y•ar •nd•rt 31 March 2023 2023 R••trlct•d lund• Inv••tm•nt prop•rtt•• 199,502 199,502 199,802 199,$02 9of12
Rahrnah Foundatlon Notes to the FlnanGlal Slatomonts Continued For the year ended 31 March 2023 2023 Amounts duo wlthln 4)no yw: 25,000 25,000 1& Crodltty: amourits falllng du•tAthln on• ythy 2022 Accnwls and deferred income 1& Movement In fun Balanc• at IncEn9 Oirtgolny BakinGè at 3110312023 General 353.125 118.975 1118.6801 353.420 353.126 118.975 1118.6801 353.420 R•8trlcted Funds. Pf•¥10 year Incornln9 ources Outgoln9 Balan at 3110312022 0110412021 G•Mral 317,961 194,719 1159,5551 353.125 317.961 194,719 11$9.SSS1 353.125 16. Analy¥ ol net 8880ts batwaon fund• a880ts1 IllabllllloBI Restrfct•d funds 199.502 153.918 353.420 199,502 153.918 353,420 100112
Rahmah Foundatlon Nolo9 to the Flnanclal Statements Conllnued For the y•ar ondod 31 IA¥¢h 2023 Prevlous year a••ots1 199.9)2 153.erJ 3S3.125 199.502 153.623 353.125 11of12
Rahmah Foundatlon Delailod Stal•m•nt of Flnan¢lal A¢Uvltl89 For the year ended 31 March 2023 2023 2022 INCOME AND ENDOWMENT Donatlons and legac185 98.240 9.335 170.673 13.574 Gffts In klnd 107,675 184347 Imiastmèn Incom& from Investment prrperUg$ 11.400 10.472 10A72 Total IncfAnlng reoourc•• 118,976 194719 ExPENDvRE Inv•stm•nt manag¢ment¢os¢• Inve¥trneni prowty Managwl costs 17741 {4,770} 17741 14.7701 Charltabl• aetfvltl Cost ofdirg¢t tharitsbl? Izakati Coit of diièet ¢harttbl• aCtity Iullah & Sadqahl 189,1071 127,9381 {82,0) {71.1201 1117,0461 1153.1201 SUPPORT COSTS GOnar costs {Llllah & Sathphl 18611 11,8651 18611 11,6651 Tot•1 ro$oUr expend•d 1118,6801 1169,5561 Net Incomo 295 3S.184 12of12 Thi8 P8qa do8B not fomi part ofth6 statutory financial statements