DocuSign Envelope ID: 0100AC15-0002-431C-9A95-953B91A7FD84 **Trustees’ Report** ## **Qismat Trust** **Company Registration Number: 07934014 Charity Registration Number: 1146695** (A company limited by guarantee) Annual Report and Financial Statements for year ended 28 February 2023 ~~1~~ DocuSign Envelope ID: 0100AC15-0002-431C-9A95-953B91A7FD84 ## **Trustees’ Report** ## **Qismat Trust** ## **Administrative Information** The Management Committee presents its directors’ report and audited financial statements for the year ended 28 February 2023. **Charity Name:** Qismat Trust **Website:** www.qismat.org ## **Trustees:** Mr. Peter Matthews / Trustee / Director Mr. Antonio Arenas Lopez / Trustee / Director ## **Other Officers:** Mr Daniel BenDavid, Advisory Council Mr Mathew Ledvina, Management Committee ## **Staff Members:** Mr Ilyan Kovatchev, Staff Member Mrs Yolanda Barreras, Staff Member Ms Mallissa Edward, Employee Mr Aiden Boyle, Employee Mr Alex Kay, Staff Member Mr Alex Nikolov, Staff Member ## **Principal Office:** Nightingale House 65 Curzon Street Lower Ground Floor London, W1J 8PE ## **Company Registration Number:** 07934014 **Charity Registration Number:** 1146695 **Incorporation:** The Charity is incorporated in United Kingdom **Bank:** HSBC, Stratford 59-61 The Mall, Stratford Centre, London E15 1XF **Auditors:** Claudia Patricia Giraldo Castaneda FCCA, Xtrategy, Unit 8 Holles House, Overton Road, London SW9 7AP **Solicitors:** Scornik Gerstein LLP, 9-10, Staple Inn, Holborn, London WC1V 7QH ~~2~~ DocuSign Envelope ID: 0100AC15-0002-431C-9A95-953B91A7FD84 ## **Trustees’ Report** ## **Objectives & Activity** The Qismat Development Fund, headquartered in London, is a charitable organization dedicated to addressing the United Nations Sustainable Development Goals. We firmly believe in leveraging technology as the key to addressing challenges on a broad scale. Qismat is committed to providing funding and collaborating with both international and national non-governmental organizations on inventive projects aligned with our primary development objectives: Philanthropy, Humanitarianism, and Development. ## **Learn more about the United Nation’s SDG Development Goals:** https://sdgs.un.org/goals – **Impact Hub** https://www.qismat.org/hub Impact Hub is not just a philanthropic initiative; it's a transformative non-profit campaign designed to facilitate collaboration between ultra-high net-worth individuals and forwardthinking innovators. Our unique approach involves fostering meaningful connections through advisory and mentorship programs, creating a dynamic synergy to tackle some of the most pressing global challenges facing humanity. At the heart of the Impact Hub is a commitment to providing an elegant and creative environment. Our open office and collaboration spaces are thoughtfully designed to ignite creativity and encourage innovative thinking. This setting serves as an ideal platform for investors to not only participate in thought leadership but also to actively contribute to real beneficiary impact by partnering with change makers who are at the forefront of pioneering the latest technologies. What sets Impact Hub apart is its ability to bring together individuals from diverse walks of life, each with a vast array of passions and interests. Despite these differences, there is a shared commitment among our community members: taking action to make our world a better place. It's this collective dedication that forms the foundation of Impact Hub, creating a collaborative space where ideas flourish, partnerships thrive, and positive change becomes a reality. Impact Hub is dedicated to realizing its mission through targeted efforts in various key areas: **Corporate Engagement:** We collaborate with companies, offering assistance in their partnerships with charities and communities. Our goal is to facilitate their involvement in charitable activities and engage their employees in meaningful philanthropic endeavours. **Charity Support:** We partner with a diverse range of primarily smaller and medium-sized charities. Our focus is on providing tailored solutions to address their funding and financial requirements. This includes comprehensive support across banking, investments, fundraising, and social investment. ~~3~~ DocuSign Envelope ID: 0100AC15-0002-431C-9A95-953B91A7FD84 ## **Trustees’ Report** **Strategic Social Integration:** We offer advisory services to companies and organizations, guiding them on integrating social purpose into their operations through high-impact strategies and programs. Additionally, we provide a suite of other services aimed at fostering positive societal contributions. **Future Initiatives:** Looking ahead, Qismat Trust is committed to evolving and expanding its initiatives. We aim to deepen our impact by fostering innovative collaborations, implementing high-impact strategies, and continuing to contribute to the achievement of the SDGs. We remain steadfast in our commitment to creating positive change through technology-driven solutions. ## **Brydg Capital** – www.brydg.com Qismat Trust is looking forward to working with Brydg Capital Ltd. on their **Green Finance Initiative.** Environmental sustainability is at the forefront of their lending strategies. The Green Finance Initiative reflects a forward-thinking approach to finance, where economic development and environmental stewardship coalesce for the greater good. By strategically channelling capital into projects like waste-to-energy that prioritize sustainability, Brydg Capital and Qismat Trust envision creating a positive ripple effect in the realms of business, society, and the environment. Qismat Trust is excited to play a role in this collaborative effort, providing support, expertise, and shared values to ensure the success of the Green Finance Initiative. Together, we aspire to be catalysts for transformative change, demonstrating that financial initiatives can be powerful drivers not only of economic prosperity but also of environmental resilience and sustainability. As we join forces, we look forward to a partnership that will leave a lasting impact on both the financial landscape and the future of our planet. Our endeavour is to build a place online, that allows you to connect with causes and charities around the world, that matter most to you, to create real impact. We are working hard to deliver transparency and accountability to our non-profit sector through technology. Ultimately, we would like to have a global registry of causes and organisations that will allow donors to search and support through donating time, money and content like comments, pictures, videos, etc., similar to Facebook. Beta Site: http://beta.youmanity.me/ ~~4~~ DocuSign Envelope ID: 0100AC15-0002-431C-9A95-953B91A7FD84 ## **Trustees’ Report** ## **Project Description:** A user will be able to log in through any one of their social profiles (i.e. Facebook, Twitter, Google +, LinkedIn etc.), which will pre-populate their Youmanity profile page and allow us to highlight charities which may of interest to them by analysing their Open Graph and any other API data we get through the various log in mechanisms. Once logged in, we will also display which causes their friends are supporting, potential friends based on common causes they support and their potential humanitarian impact. Youmanity.me will be free to the User and/or Organisation. We will monetize by charging Charities based on a freemium model so that all charities and causes are listed in our database but they can pay a tiered monthly subscription fee to have videos, photos, projects etc. attached to their charity profile. The top tier fee for charities will also give the charities access to users in our database that are pre-selected for the charity's cause. As an example, a charity based in the UK but working to build schools for children in India may have access to all our users who have visited India or have friends in India etc. ## **Project Status:** The project has faced some ongoing challenges. Building a technology platform is a transformative endeavour that holds immense potential, but it comes with a price tag reflective of its complexity and innovation. Crafting a robust and user-friendly tech platform requires a convergence of skilled professionals, cutting-edge technologies, and meticulous planning. From the initial conceptualization to the deployment phase, costs can escalate due to factors such as custom development, integration of advanced features, security implementations, and ongoing maintenance. The expenses associated with building a technology platform encompass not only software development but also hardware, infrastructure, and compliance measures. Additionally, ensuring scalability and future-proofing the platform necessitates strategic investments in technology stacks and frameworks. While the ongoing investment may seem daunting, it's crucial to view them as an investment in long-term success. A well-designed and functional technology platform has the potential to streamline operations, enhance user experiences, and drive innovation. The development journey of our platform has been an intricate and dynamic process, leading to a timeline that extends beyond our initial projections. Several factors have contributed to this extended timeframe, each playing a crucial role in ensuring the delivery of a high-quality and seamlessly functioning product. Firstly, our commitment to excellence led us to undertake a more comprehensive and intricate development approach. As we delved deeper into the project, we identified opportunities for enhanced features, improved user experiences, and heightened security measures. These refinements, although beneficial, naturally extended the development timeline. ~~5~~ DocuSign Envelope ID: 0100AC15-0002-431C-9A95-953B91A7FD84 ## **Trustees’ Report** Additionally, unforeseen challenges emerged during the development phase. Technical complexities, intricate integrations, and the need for extensive testing to guarantee reliability all played a part in the extended duration. Our team has been diligently addressing these challenges, prioritizing the integrity and performance of the platform over expedited timelines. Moreover, fostering open communication with our stakeholders has been a priority. We believe in keeping our community informed about the progress and any adjustments made to the project scope. Transparency and collaboration have been paramount, even if it meant reassessing and recalibrating our timelines to align with the evolving nature of the development process. While we acknowledge that the extended timeline may be frustrating, we want to emphasize our unwavering commitment to delivering a platform that exceeds expectations. The additional time invested ensures that we provide a product that is not only technologically advanced but also reliable, secure, and poised for long-term success. We appreciate the patience and understanding of our community as we work towards delivering a platform that truly stands out in terms of quality and innovation. ## **Next Steps:** Given the extended timeline, we will need to tackle the next steps with a strategic and comprehensive approach by conducting a thorough assessment and evaluation of the current development status, refining the project plan and allocating proper resources so that our Development Team may continue to navigate the challenges, optimize efficiency, and ensure the successful and timely completion of the platform. ## **Public Benefit** The trustees give due regard to the direction contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives, exercising relevant powers and duties, and in planning its future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives that have been set. ## **Trustees and Directors** The governance of Qismat is overseen by an Executive Trustees board, tasked with steering the organization strategically. These trustees are seasoned professionals holding key positions across various industries, working together to shape a fresh approach to development economics. The selection and onboarding of new charity trustees involve a process driven by business and social networks, as well as recommendations. Our ~~6~~ DocuSign Envelope ID: 0100AC15-0002-431C-9A95-953B91A7FD84 ## **Trustees’ Report** management team brings extensive expertise from international, governmental, and nongovernmental sectors, spanning a diverse array of industries such as finance and technology. The directors of the company are also charity trustees for the purposes of charity law and under the company’s Articles are known as members of the Management Committee. All members of the Management Committee give their time voluntarily and received no benefits from the charity. ## **Financial Review** The business model of the Charity is such that its charitable activities are limited to those which it has sufficient funds to support from the excess of funding received over the costs of administering the Charity. The Charity therefore has no committed costs beyond its fixed costs of operation. All funds are unrestricted. The statement of financial activities includes all gains and losses recognised in the year. All income and expenses were from continuing activities. The organization acknowledges the ongoing constraints on funding, particularly for infrastructure organizations. Financial modelling indicates the need to explore new funding avenues and invest reserves strategically to maintain support for the charity's initiatives. As part of our ongoing commitment to operational efficiency and stewardship of resources, and after careful consideration and planning, Qismat has moved its offices to a more streamlined and sustainable location within the same building that we’ve occupied for over six years. The decision to transition to a smaller office space aligns with our commitment to optimizing resources and enables us to redirect resources toward our core mission and projects. We are confident that this move will enhance our operational efficiency, allowing us to direct even more resources toward initiatives that promote positive change and address pressing social issues. We would like to extend our heartfelt gratitude to our esteemed funder, Brydg Capital Ltd., for their unwavering commitment and substantial contributions to our unrestricted endowments. Their continued support has been instrumental in navigating the financial challenges post-pandemic. ## **Reserves Policy** The Trustees of Qismat Trust have reviewed the organisation’s needs to generate free reserves in accordance with Charity Commission’s guidance. In the Trustees’ view the Charity needs free reserves in order to: - Ensure that funds are available to safeguard the continued delivery of the Charitable Objectives, through the development of the Youmanity platform; ~~7~~ DocuSign Envelope ID: 0100AC15-0002-431C-9A95-953B91A7FD84 ## **Trustees’ Report** - Ensure that the Charity has sufficient cash to meet its short-term financial liabilities and contractual commitments as they fall due; - Allow investment in the development of the Platform and the underlying infrastructure with the comfort that obligations can be met; and - To react and adapt to potential financial risks, uncertainties and contingencies that may arise. Based on the above, Qismat Trust aims to maintain a target level of free reserves equivalent to at least three months. This level is deemed sufficient to cover support and governance costs. ## **Risk Management** Recognizing its responsibility in risk management, the board has established systems to identify, manage, and monitor risks effectively. This includes the maintenance of a strategic risk register, which undergoes regular reviews during board meetings. Key areas of focus for risk management encompass ensuring compliance, managing growth and capacity, fostering a positive culture and reputation, delivering high-quality services, achieving financial sustainability, and safeguarding the well-being of employees and volunteer staff. The board is committed to proactive risk management to uphold the charity's mission and sustainability. ## **Serious Incidents** For the period of this report, Qismat is pleased to inform there have been no serious incidents, nor failure to report a serious incident. Qismat continually reviews its policies regarding serious incidents. ~~8~~ DocuSign Envelope ID: 0100AC15-0002-431C-9A95-953B91A7FD84 ## **Trustees’ Report** ## **Qismat Trust** ## **Statement of Trustees' Responsibilities** The Trustees (who are also the directors of Qismat Trust for the purposes of company law), are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England & Wales/ Scotland 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 the group and of the incoming resources and application of resources of the charity and the group for that period. In preparing these financial statements, the Trustees are required to: - Select suitable accounting policies and then apply them consistently; - Observe the methods and principles in the Charities SORP (FRS102); - 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, applicable accounting regulations. They are also responsible for safeguarding the assets of the charity and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The Trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. Approved by the trustees of the charity on 26 December 2023 and signed on its behalf by: ....................................................................... Mr. Peter Patrick Matthews Director / Trustee ~~9~~ Docusign En¥ÈlopÈ ID." 0100AC15-0002431C-9A9&953891A7FD84 Charity number.. 1146895 Company number.. 07934014 {England andwalesl QISMATTRUST Report ofthe Trustees and Un8udited Financial Statements For tho yagr ended 28 February 2023 Docusign En¥ÈlopÈ ID." 0100AC15-0002431C-9A9&953891A7FD84 QISMAT TRUST Contents Pag& Fortha y8ar ended 28 February 2023 Rokffiofthe Trustses 1 to2 IndependBnl Examinevs Rowrt lothe T￿￿te$S Slatsmenl ofFin8noal Aclivitie Slal•m8nl ofFinBnrid PO￿l￿)n Note5 to tho Fin8nc]81 StaternBnty 6108 Oatsiled SIBtsrn8nl clFln8rtAI Acti￿￿85 Docusign En¥ÈlopÈ ID." 0100AC15-0002431C-9A9&953891A7FD84 QISMAT TRUST Report ofthe Trustees For the yèar onded 28 February 2023 The Tm8tsas, whogre 8180 dlr*toTrfar the purpos88of L¥)mparw Idw. h4v8 pleasur8 In preBÈnting their r8POrt and tho fiThanEial state￿ents fDr Ihfy Ch8ritabkp Tru61 far Ihg year end9d 28 F8bru¥y 2020. Th8 Trustees have 8dopl8d the provisions of Attounting and RepDrting by Charfues." Stat8mÉnt of Recommended PraclieE applicable t¢ char￿eS preparing Iheir a¢ttwnts in accordanr* wlth ￿e Finanual Re￿rtsng Stsndard appllcable in the UK and the Republic of Ireland IFRS 1021 (effective 1 January 20151. OBJECTIVES ANDACTIVITIES Oblg¢flv•8 and alm The tsustee& have wn8io8rad the Chllrfty Commis6ton'&guidBnce on publ￿ benefft, I￿U￿1￿ the guldgnce 'publc benefft.. running a chartty IP82y. ACHIEVEMENTS A14D PERFORMANCE PLEASE SEE DETAiLED TRUSTEES, ANNUAL REPORT ON APPENDIX ONE REFERENCE ANDADMINISTrATNE INFORMATION Nama of Charlty Charfty roulbtratlon number Compary regl•tratlon number Prln¢*l addm• QISMAT TRUST 1146695 07934014 65 Culzon Str8et NlohtingalB Hou58 LowerGround lloor London W1J8PE R•8l•t4r•d iddr•81 6S Curzon st￿61 Niuhtingale Trloustr Lower Ground firKJr Londtsn W1J 8PE Tru8t••b Thetru&tee$ offic8rs È8Ning durfrvJ IheyearaNJ sineeth8 yearend were 8sfoll￿v$.' Antonio Ernesto Aw88 LOPEZ PolBr Patrick mA￿H&W$ 1 of9 Docusign En¥ÈlopÈ ID." 0100AC15-0002431C-9A9&953891A7FD84 QISMAT TRUST lndDpend•nt￿aM[nern a8u&ia Patrioa Giraldo Ca8tan6d8 FCCA Un￿1 8 Holk$ House 8rton Road LandDn SW9 7AP Bank• HS8C B4nk slrattsd BtaKh 59-61 The Moll Strattord Centr8 Lanik)n Approved tyth8 Board ofTru8lees and sion*l on beham ty. Petsr Patrirjt MATtHEWS 2of9 Docusign En¥ÈlopÈ ID." 0100AC15-0002431C-9A9&953891A7FD84 QISMAT TRUST Independent Examine￿ Report to the Tru81ees For the year end8d 28 February 2023 I reportto t￿ tru8tÉe6 on my examination ofthe artount8 Oft￿ thpritable wmp8ny forthe ￿rended 28 February 2023. Ro6pon8ibilities and ba818 of MPDrt As the charity TNsttes, who 3re also dlractornfortho purposes ofcornpany ￿w, are reS￿51b10 forthè prtrpatstiDll of ts accounts In artordanc8 wlh th8 requiremen18 oflhe Companb8 Act 2006 Cthtr2006 Acfl. Hawng satsfied mySe￿Ihat the accounts ofthe Company are not requiréd to bb audited under Part 18 ofthe 2riJ6 Act and are eligi￿9 for independent examinabon, I repDrt kn res￿￿ of my examinalkin ofyouf charitis accounts cathed out under se¢bon 145 ofthe Cha￿UeS Act 2011 Cthe 2011 Act'l. In rarrying out my examlnation I have fdlowgd Ihe DI￿¢1￿￿$ gwen bythe Ch8rty Commwlon undersgction 14515)(bl ofthe 2011 Act. Indopondont examI￿rn 9tstom•nt I have completsd my examination. l thnfirm that no matters havè cometo my 8tienUon connection with the exam￿210￿ givlw m8 cause lo believe th81 In any mateiial rasPOCt'. 1. 8ctounlng rèoxdswere rol k8pI In ra&poGt DflhB Conwany as requlrad by secbon 388 otthe 2006Act.'or 2. Ihe Accounts do not accord tttoye r8¢ord8". or 3. thè accounts do not ¢omplywith kne requlrements of$èction 396 of the 20Cfj Act otherthan any requlrementlhat ihe a(xx)unt5 give 8.true and f81r vKgW vthith 18 not 8 matter(x)nsidered ￿ part ofan Ind8p8ndent examinat￿n,. or 4. the accounts hava not been prepared in acts)rd8n¢e Ylith th9 melhodg and prIn¢ty￿S of thg StatemelltofRecommbnd8d Prath8 for BCGounting and repDrting by charities applIc4￿0 to charibes prepariry th8lr a￿UM￿ in acL¥)rd8nCe￿lh Ihe nanciÈl Reporting St8ndard appI￿abl0 in Ihe UK and RePu￿￿of Ireland IFRS 1021. I have nD Ixnc9ms and havè come 8cms8 no 0th8r matters in cennection w￿h tha &xamin3ti>n lo whth att8nUon should be dAwn In thlg rewrt In orderto enable a prop8runthrstandlng of the a￿¥unts to bè ￿aCh￿d. Claudla Palricra Giraldo Castsn8da FCCA Unil 8 H￿leS House Overton road London SW9 7AP 21N Septembor2023 3of9 Docusign En¥ÈlopÈ ID." 0100AC15-0002431C-9A9&953891A7FD84 QISMAT TRUST Slalement of Flnancial Activities (including Inrx)me and ExperKllttJre Account) For the year ended 28 F8bruary 2023 2D23 2022 I1￿￿me and •ndovmionts from.. Donabon5 Bnd1ogacie8 Chafitabla acknvthe$ 114.705 138,337 Tot•1 114,705 138,337 ExwndKurn on.. RaLglng ￿￿￿8 Chathable acll¥lb8S Tot•1 11801 1113,5271 1113.7071 11.9531 1118.3361 1120,2891 Not In￿me1•xp*n￿IfU Reconclllatlon 4)f fundi Prevlous year adlu8th18ni Totgl fijnds bmughl foNtsrd Totsl fund& cathedloryArd 18,048 43.369 44,387 25.341 43,389 4ofg Docusign En¥ÈlopÈ ID." 0100AC15-0002431C-9A9&953891A7FD84 Reglsterad Number: 07934014 QISMAT TRUST Slalernènl of Financial Position A8 8t 28 February 2023 2023 2022 Flxqd Assets Tangib￿ 8tsststs 1.845 10,698 1.845 21>,￿B Cury•nt 888•t* Dgbto Cash at bank and in hBnd VAT Liabilty 42.670 29 38.079 763 42.fj99 38.142 Cr•dltorn.' amount* lalllng due onq yo•r 12 Net cuvront u•ets 32.￿1 43.389 Totsl awots le88 ¢uMnt IlabllldAI 44.387 43.387 43.38# Th•fund¥ of tho ¢￿T1¢Y Unreskncted in(x)mefund8 44,387 43.389 Total fund• 44.3BY 43.305 Forth& wrend8d 28 February2023 th• fA)rnpany A4t2006 Teiryling to small compani£s. was8lltiUBd t0￿eryti0n from audit undarsoction 477 of tha Cornpan￿ Tho mombats have not r£quir8d thé ts)rwny 10 obtsln an eudit oli150c￿1untS forth8 year In qU￿￿ort In aC￿￿ence with 38ction 476, Th& tru$le88 ad¢novAedge lh￿r re8Wn￿￿11KaS for with Ihg rgquirements of Ihe Act wth raspect to a¢p)untin9 rocord6 and th& preparatlon of aca)unts. These 8ccounts have prep8red in accud8ncg with th8 k¥0￿$10n$ applicable Io Cornp8n￿5 5ubpd to th8 Sm811 comp8nl&s'regime. Th8 financl81 Ntotemonts ware 8pprov8d and author￿ for1s8th by th8 Board and Signed on behalfby.. Pel r Palrick MATThEWS Trust88 5of9 Docusign En¥ÈlopÈ ID." 0100AC15-0002431C-9A9&953891A7FD84 QISMAT TRUST Notes lo the Flnancial Statements For the year ended 28 F&bru8ry 2023 1. Accounting Poli¢l•• BaEls of o¢¢ountlni The finan¢ial 5t&tements have been pfftpaN1 underthe historitAI cost￿n¥e￿￿On. except for Inveslmenl$ which are included 81 rnarketvalue and th9 rovalualion of certain fixed 8ggets and in acCO￿are8 with IhB CharilpB SQRP IFRS 1021'Arthuniing and ReportSno by Chariti8s.' Statement of R8comm8nded Pr8(thÉ applicable lo chadties preparing their attounts in aLrordan¢ewth tho Fln8ncial Rgporbng St8ndarl appllc8bl¥ in thg UKand Republic of Ireland IFRS 1021 leffactwe 1 January 20151,. Flnanck?l R8porbng St¥nd8rd 102 th8 Financial R•pDFbng Slandard applkabla In th8 UK and Republicof Ireland IFRS 1021, and the Compan*s Act 2006. QISbMTTRUST m¥Bts Ihedefinthon ola publ1¢ b8n&fil enlityunthr FRS 102. A89ets snd lkqt1l￿88 ar8 initial recognryed at hk4krfical o)stortrBn5adon ¥8lue unl*s olherwtse Stated In Ihe relevant aceoufiliw poI￿Y Th)ts181. 2. In¢•¢h• fr4m donatlonj •n¢1oga¢l 2022 2022 Unr•¥trl¢tod fund• DonationB rerAiv 114.705 138.337 114,70S 138.337 3. In¢om•frorn ch•rltabh aethfltl•i 2023 UnMMknctsd fund Income frorn thorit4ble a¢tlwles 4. E%￿nd[lUT0 on g8n•ratlng donailon• and tega¢hi 2023 2022 UnT￿t￿cl•d lunds Fund ra*kng 180 1.963 1,953 6of9 Docusign En¥ÈlopÈ ID." 0100AC15-0002431C-9A9&953891A7FD84 QISMAT TRUST Notes lo the Financial Statements Conlinued For the year endod 28 February 2023 Costs ofchwllabh by fund ty 2023 2022 Unrnstrlctsd fund8 Qsm&t Impact Hub Youm8nlty.m8 41.403 2,673 45.751 11.377 69,451 69,451 113,527 118,336 6. ¢0¥¢• o1th0rtt•bk xlvMIo8 by actfvtyty Suwort cwl¥ Und•rt8k•n ¢lr4¢tly 2023 2022 8uppDrt costs aism81 Impact H￿} YournBnity.rne 41,403 2.873 69.451 113.527 118,336 7. An•ty•lo of¥upport¢Mt* 2023 2022 Man9gemenl & Admin IT & Cofflpulercosts PrDfessional & L8oal FBes 69.085 22,946 4.59 25.241 Refreshm8nts & UK Entsrlainfflents Go¥em8nce costs 7,113 2,735 5,909 69,451 el,209 . Net In¢tyngllexp•ndttureltorth• yo•r rhi$ i$sL91ed aftor¢harginWI(¥edlllngl'. 2023 2022 D&prac￿¢￿ ofown8d IIKed assets 12,795 7of9 Docusign En¥ÈlopÈ ID." 0100AC15-0002431C-9A9&953891A7FD84 QISMAT TRUST Notes lo the Finanual Statements Continued For the year andad 28 February 2023 . Comparat4¥8 forth• Stst•m•nt of Financlal Activit￿1￿ The L¥)rnpHfBIiv8 yearv81￿$ on the Stst•m8nlol Financial ActfvMÉs ar• fDr unr&slrict8d funds. 10. Tanglbl• fix•d a88at$ Flxtuvo¥ amj Fitlings Computer Equlpmènt C08t orvaluat Total At 01 M8fth 2022 3.117 38,776 41,893 Addit￿￿S At 29 Fgbrugry2023 3,117 38.776 41,B93 DgprKlatlon At01 Marth 2022 1,516 30,063 31.195 Charge tsr year Al 29 February 2ff23 Met book ¥alu•¥b 140 8.713 38.778 8,853 1.625 At 29 Febnjary 2023 353 At 28 F8bTu8ry 2022 9,oe6 10,698 11. Dqbtors 2023 2022 Amuunts due wlthln on• y•ar Trade debtors Prepayments and accrued Incom otherdobtors IZ. Credltorg.. •mount6 falllng du• wlthln on•y8•r 2023 2022 Trade Gredito 6,151 Oihercredilors A￿￿15 And dBf8rrthY incom 6.151 8ofg Docusign En¥ÈlopÈ ID." 0100AC15-0002431C-9A9&953891A7FD84 2022 2022 INCOME A14D ENDOWMENT D•natlOn8 artd IDgaci•s Donations 114.705 138,337 114705 138A37 Ch•rtt•blg 8Gtlvhl88 Incomè from chartsble o¢b¥ilies Total Incomlng ro8our EXPENDITURE 114.705 138,337 Ralslng dwatloth$and hgaclFs Oonalions Charltable actlvkle• CL>Stof dir8rA charita￿￿4(*￿1fy 141,4031 145.7511 141h031 145,7511 SUPPORT COSTS Management& Admln Man8gem6ni & Admln 159.0651 122,9461 159,085) 122,9461 & C•mput•r ¢￿ts Phow, IT & Computsr c￿t$ 12.6731 111,3771 12.6731 111,37n Prol•881oMI & Legal Fees Prof88*onl & Legal Fees 14,5961 125,2411 145961 125.2411 Rthihrnen¢• & UK Ent•rtalnM•nts Rthshments & VK Entertainments 13,0351 13.0351 17,1131 Gov•mAnc• ceAts Governar￿& CJ%t8 12,7351 15&)91 12.7J4 15J091 Total r•sourc•s•xp•nded 1113.52n 111&3361 Mèt Incr￿• ie.048 gaf9