COMPANY REGISTRATION NUMBER: 08185149 CHARITY REGISTRATION NUMBER: 1150131 The Imaan Trust Ltd Company Limited by Guarantee Unaudited Financial Ststements 31 August 2023 FAIRMAN DAVIS Chartered accountants 3 Exhibition House Addison Bridge Place London W14 8XP
The Imaan Trust Ltd Company Limited by Guarantee Flnancial Statsmonts Year endod 31 August 2023 Page Trustees, annual report {incorporating the directorfs report) Independent examinerfs report to the trustees Statement of financial activities (includin9 income and 8XP8nditur8 account) Statement of financial position Notes to the ffinancial statements
The Imaan Trust Ltd Company Limited by Guarantso Trustees. Annual Report (Incorporating the Dlrectovs Report) Year •ndod 31 August 2023 The trustees. who are also the direclors for the purposes of company law. PTesent their report and tha unaudited faal ststemerrts oftho year endad 31 August 2023. R•f•r•nc• Ind admini•tr4tfve d•tsll• R•glstsred ch•rfty n•m• The Imaan Trust Ltd CrIty rn91# numb•r 1150131 Company r•gi•tratlon 08185149 Prlnclpl offl¢• and Mgl•t•rnd stehaM Hous offle• 17 Scarbrook RoJ Croydon CRO 1SQ Suff Mr S Hassam Mr H Daloo Mrz Nazarnll Mr R Datoo Mr RA HiridJ8e IAwouit&J 1 Fabry 2024) cOmnY ••¢r•lary Mr H8bib Daloo Ind•p•nd•nt •x4mln•r F•kn)•n Dav 3 Exhlbrt Ho Lond V114 8XP Slru¢turnt gov•man¢• and m•nagwn•nt The organl881fv)n is 8 company Ilmrted by guarantsg. on 21Jh August 2012 and rggi$l•r•d a# 8 tharity on 11th December 2012. 1) To hèb alle¥iate povth li third world CtrIeS 2) To pro8 fo¢l. ft41 pro¥ish)n8 and sh•knrto rA)LY and in Ihird w(Mkl ntil•s Achl•v•m•nts and p•rfomwnc• The dire&orn o)nshJer th81 performar•x ofthe chariy Itls yw ha8 been satisfac1y. Fln•n¢l•l rnvl•w IAfjth the of sOd finanlid management the (aiity h•$ thioved a 8ti$factory outcom for th
The Imaan Trust Ltd Company Limited by Guarante• Trustses, Annual Report (Incorporating the DirKtorfs Report) (cwtrRu¢ Year ended 31 August 2023 Pknn5 for fuiure periods The tharity intetyJ$ to contin its athrfies in pwsuan¢e of its defined obieetN8$. Small company provisions This rerth has been wep3red in a(£CWd wih the pr7$ appl'rat40 to compan$ ontit18d to t small Compan exemptkn. Thetrust8es' annual rewt VAS approvBd on 7 2024 and gn8d on behalfofthe board oftruslees Mr R Datoo Trustee
The Imaan Trust Ltd Company Limited by Guarants• Independent Examinerfs Report to the Trustegs of The Imaan Trust Ltd Year •ndod 31 August 2023 I report to the trustees on my ex8minab.on of the financial statements of Tr Imw Tmst Lld (the thariiv) ts the year ended 31 August 2023. RespoMlblllll•• and b•81s of rnport A8 the trustees of the cornpany (and abo its dirèctors for th& of company law) you are r•SpOnble for the preparation of the fmanrJ81 stslements in wtth thè requiroments of tho Companies Act 28 Clhe 2Cth Ad). Hawng sats'Sfd myself that the acco15 of the compary are not required lo be audrted under Part 16 of th& 2008 Act and are eltgible for independent examinaknn, I report in resFeca of ffly examination of the charity's aount$ as camed out under Sec1 145 of the Chariti'es Act 2011 {'Ihe 2011 Act'l. In c4ryin9 Out my exarninatn I ha fokn¥¢d the Direc gwn ty the Chgrtty Commlswn under Sgclion 14515llb) of the 2011 ALI. Ind•p•nd•nt•xfflln•e• •tat•m•nt I hav& rANnpknt¢d my examination. l o)nfffrn that no mattars hab? come to my attention in tsjnneclion with the examlnalion girty me c8U8e to belwo.. ColIng records not keFI In respecl of the Ch as by 386 of the the fmonc4918tolemgnts (lo not Wlth IIM>M or the finandal stslet¥nts do not wtth the arxounling requirements of Jedvjn 396 of th? 20C6 Acl otherthan any Teqiwr¢m¢nl that the accNts gwo 8 Ifue and fai¢ vi+w which 18 not • matter con8NJ8fed aB rI ol an indopend•nt examin•t)n.' or the fftnandal statements ha not been prepartd in a(xJJrdance wilh the meth¢Jd$ ond prinupl8s of thg Ststement of Recommgnded Praclice for accounling and r8portin9 by chariti&s applkaW lo ¢harib¥$ yeparing ac<¢unts m accordan¢¢ wth the Flnandal Reportkng &andard kab the UK w#1 Republk of Ireld {FRS 1tr2}. I have no con¢8rn6 and have ciyne 8U0S6 rK) othermatte In cmnection with the examination lo which attention 5hcoJld be drawn in this report in order 19 enable a woper ynderslanding oflhe to be reached. F8irman Daws Independonl Examh 3 Exhibition House Addison Bridge PlaL London W14 8XP
The Imaan Trust Ltd Company Limited by Guarnnts• ststement of Financlal Actlviliès (including income and expenditure account) Year ended 31 August 2023 2023 2022 funds Total fund• Total fvnds In¢om• and •fido¥mnts Donations and legarjes Total income 43.967 43.%7 49.058 43,967 43.7 49.058 Exp•ndltyr• Expèndfture on carltabl8 adbAIIg8 Total •xp•ndliu 46.441 48A41 46.441 46h41 33,848 N•t l•xp•ndltur•)fineom• and n•t fflov• In fvnd# (2.474} 15.210 Ron¢111011fjn of tsnds Total lunds brtyjght forwa Tolal fund• canlfjd forw• 109.152 109.162 106.678 93,942 109.152 1(6.678 Th& statom¥nt of finarrial aetmtw indudes aN gains and Iosw T8tA)gnisad in the y00r. l inc#)m8 and *xpéThJrtur8 derlve from contlnuiNJ ath"wi.
The Imaan Trust Ltd Company Limited by Guarantse Statoment of Financial Position 31 August 2023 2023 2022 Flx•d assèts Tangitle fkxed assets 12 Current assets Cash at bank in hand 40.311 59,912 Crnditorn: amounts tslllng Tlthln ong yg•r Mtrt eurr•nt a8••ts 13 1,800 1,200 38.581 106.678 58,712 109,152 Total 4••ots Iw euff•nt Ilablllll•s Net assets 106.878 109,152 Fund$ of th• charlty Unrestricted lunijs 106,678 106,678 109.152 Total charity lun 14 109.152 For the year ending 31 August 2023 the was entilled lo exempkn from audm under sedon 477 of the Companie8 A& 2CQ6 relating 10 small coMles. Dlrectorg. responsibilities: Tho mombern ho not requved th• c¢mpony lo obtain an a(wJil of 1$ sl•1gmgnts for tho yèar in queslKJn in acccrfdarth wth Se&7 476; The diTe(or8 acknuwledge their responsilxlit*s fOrcomlny with t requirements ofthe Act wllh respoct lo accoufrtitvJ records a1 ts preparab'on of finan¢ial slatemonts. These financial statefflents have been prepared in &cordanc6 wih pro)n$ applicabl8 to ¢ompani8s subjact to the small ojnyntes. r8gim8. Theve finalal statementswert approved by the board oltrustq•s and auth¢xffj•J for iMuo ¢)n 7 March 2024, and ar• 8vJned on b8hall of the board by". Mr R D81¢)0 Trustee
The Imaan Trust Ltd Company Limitod by Guarants• Notss to the Financial Statem•nts Year ondod 31 August 2023 G•n•rnl Inlomiall¢n The ¢thanty 13 a benefft enlrty and a piivate npanY lifflited ty guarantee, registered in England and Wales and a registered charity in England and wa5. The address of th& rogBler8d office is Sloneharn Housè. 17 Searbrook Road. Croydon, CRO 1 SQ, SuThey. I Statsrn•nt of cwWl•nc• These ffinan¢hal $tatem¢nts hJ¥• b8•n wepared in with FRS 102. Th• Fingn¢ial Reporting Standard 8pplicab the UK and Ihe Republ of Irekqr¥r, the Statement of Recommended PTa¢ti¢e applicable lo d)¥iilies pftparing th1 acojunts in attordance with th8 Finanryal Reporting Stsntsrd applrable in the UK arHI Republic of Ireland IFRS 1021 ICharr(ies SORP {FRS I21> and tha Compaws Ac% 2rM. Accountlng pollcl•• Do•Ign•t fvThd¥ Donated funds ar8 funds vthith have been set asidg or utilis8d for a speth purpos8 and ar& not available for ggnwa us8. Some de%gnat8d fLThJs can b& r8CO3nis8d as irthme ovat a por, and Ihese are shown in the movement offunds a% in Ihe inc4)me and expelitU(e unt. 8a•l• of pv•paMtloh The Ilnandal slatements bn yepared on the blslorkal basis, as modlfied by lh• rgvglualion of certain finanaèl assèts and Ioablkn ar4J in¥eslm8nl propertl88 measurèd 81 fair value through income or expendMur8. Unr••lrl¢tsd fvnd• Unrestrthd funds are available for uje at the thsc¥•lion of the tru8tee8 fvrth•rarKè of thtr general obJ'ecbve8 01 the charity. Golng There are rK) matsrSal unc4rtakntss abrArt the ¢hariVs to ujnl1i. DoTratlon• and l•g•cl•• Dorthns, logacw and oth¢r formj gf ¥L4untry incom• •r• rwi88d as inc£smiN4 r•#ourcoB when r8ceN•d. Grants Are r8cA)gnis•d when r8cbAbb and amount bg quantified Wbth Fornlgn eurr•n¢l•• Foreign ¢urren¢y Iransactw)ns art iniliaty recorded in the lurKtiMl ¢urrerw, by apptying the spot x¢hange ralè as at the dale of the trans8con. Monetary assets and liabilllies denomlnaled foreign currencies are translatèd at the 8x¢hange fate ruling at Ihè rewting date, with any 98lns or105885 bw'ng laken lo the 8lalem8nt of financial *i¥ths.
The Imaan Trust Ltd Company Llmlted by Guaranteo Notes to the Financial Statomonts ic0ft1O Year ended 31 August 2023 Acc(wnting policies Fund a¢¢ountl•vJ Unrestricted funds are avalable for use at th8 dIs(xet of th8 tnjstees to further any of the charty'B purpo8e8. Deslgnated funds a urwestrfthd lunds eam%ttted by the Injstees partitsjlar fU1u project or commitmeni. Restricled fijnds afe sutl'ected torestrKtbJns on Iheirexpendiiure d8dared tythe donor or through the terms ofan appeal. and fall into one of0 sulFdasses'. restricted itK>)me funds or endowment funds. Incoming rmouvc All InIng resourc¢$ aro induded in the statement of finanrial when entitlement h3$ passed to the charity.. rt is prObae that the econc¥nic beneffts assoc4ated with Ihe transactson will ftow lo thg eharity and thè amount Can r81iabty m8asur8d. Thè foiwing s[ poliaès arg 4ppld to portiujlar ¢ats9ortes ol in¢om&'. income from donatn$ or grants is recognised when there is eMd8rth of 8ntilleThnl lo the grfl, recgipl is probatle and its am¢)unt can be m8asurod r8liabty. acy income is r•(>)gnb8ed when 1p1 is probablè atyj entillement is estabh'8hed. Incm8 from donatod goods is m8asur8d at the fair value of the goods unles8 thi8 is Impra¢tul to méa$ure reliabty. in whth case the value is derived from the cost to the donor or tho estimated res0 v81ue. Oonat¢d f¥cikn&s ¥nd S•M¢e$ aro rgcogni$od in the a¢counts when receNed rf the vae can be reth'aw measufgd. No am¢)unts are indud8d for tho Iribulion of genernl volunt•e incomo frorn contracas for the supply of Services is recognised with th8 delNery of th o)ntraci8d s8Nice. This is dassifiod as unrestricted fuThJs unless thora 1$ a ¢ortsactual requirement for ft to b8 spent ¢)n a parfkular purpw and retumed W unspgnl, in whlch it may b8 regarded Is re8trira. RMouY¢•• •xp•nd•d Charitabl8 expenditure comprises those ojsts 1ncjjrr by the tharity in the delivery of its activities and $¢Thi$ for rt$ beneficiaries. It indudes both costs that can be amocated direclly to such activities and those cost$ ol an indire¢l naluro nw$sary to support thèm. G0manC• c09ts Irde those costs assouated wrth meeting the charws c¢A)strtUtnal and stsivlrxy wijirements as well as costs Ilnked to the 5trategK management of the tharity. Al fued assots inildly e[dl at o)sL
The Imaan Trust Ltd CompAny Limited by Guarants• Notos to tho Financial Statemgnts Yoor énd 31 August 2023 Accountlng pollcigs (e0nrfR¥ knpainn•nt of fv•d asTets A re¥iff4¥ fcv irKlulors of wnpainnent is out at eath reporting date, with the re0)verae amount bn9 estimated where such indicators exisL vthe thè carrying valua 8xc8eds tha rgcovorable amcyjnt, the asset is Wnpaired aLrordingty. Pr¥Jr impaimients are 81so revIev1 lor possib revwsl al each reporliro date. For the purposes ofimpairment testing, when it is It potIe to estimate the recoverable amount of an indmdual asset, an estimate is fflade of the reCoVerae amount ofthe ca8henerating unll lo which the asset bekngs. The cas1n8ratin9 unbt is the smallest 1entrfrab group of assets that indude$ the asset aThJ generate5 wilbm that laig•ty mdepaident of thè cash inllNs fmm othw assets or groups of assets. For imp8iTh•nt t8£ling of goo(hbill, the aUd li a busts)$ rj)mn•toft Is. from th8 ac4UiYtw dale. aMLxal8d lo e¥h of thè $h-generatIng units that are expected to benefft from Ihe synergies of the combination, wrespelth of whgthw oth•r assets of lbltS ol the tharty We assigned lo those unts. FIMncl•l In•truml A Ilnanc491 asso1 or a finaNial Ikilty is rerwwJ On tharity t&xmos a pgty lo t Basic frnanual instwments are Inthly rec¥Jgrlsed at the amftt rec•fvabl8 LY payable Indudlng any reted IranSaCOn co8t8. Curr•nl ass•ts and rrent Ikgblmes a Subseq m•awred atlhe cash orother c¢n81derailon expected lo b¢ pwd or re1ve and not discounted. Vlwe in¥oslmgnts in ar8 trd ¢)r th fr valuè can otharwknè be me88urnd r•liabty. the In¥tment is subsewenly measured at fair value Wbth charvJgs in fair value rgcogni$ed in incoffl• and expenditure. All other suc ui¥e5trnents arè sub8èquenUy mèagufed al $11g¥s impairmènt. Other fftnaAal inslruments. InCathng derwatpm, w• inlialy rewnis•d al fair value. unltsss poymenl for an a¥¥et is deferred boyond n¢)rmal trwsintts Iwms or fin8nc•d al a rale of interest that 18 not a mark8t rats, in whth case tha asset is measured al the presonl value of the fuiur8 psyments d18o)unled al a mwket th ol rterest f(ff a 8rllar debt trlslwnwnt. other financial instmments ar• subsequenty measurad al f4irvalu8, with any changès rècogni5ed in th8 stslemenl of finanryal acllvibes. with the excew'on ol hedgkng Instruments in a designated hedging r&lallonshlp. Finandal assets that we measured al cosl or amti$8{1 )31 are rem¥e(I for obJ'8ciNe evidence of impairment at Ihe end of each rèFthing date. If Is objèciwe eNldence of impaTrment. an imp8imgnt lo * r8eOgnisgd uThJ•r th• approwiato hea(*ThJ in stalement Offinanal actmlies in whth the Inlilal galn was retxgnknd.
The Imaan Trust Ltd Company Limit8d by Guarantee Notes to the Financial Statsm•nts {contsueLg Year ended 31 August 2023 A¢nIng policies (e Flnan¢lal Imtrumwts (conthu¥(O For all equity i)struments re9ardless of significance. and otrrfinancial assots that ar8 individual significant, thèsè ara assessed indi¥idualty for impaimnt. Olher financial assets are erther assaed indhvidually or groupet1 on Ihe basis of similar c¥edit risk characterFStI¢s. Any revsrsals of impaim18nt are reojgnised immedlatety. to the extent that the reversal do8s not result in a carrying amount of the financial asset that exceeds wthat the ¢arrying amount would hav& bean had tha impawmant not pre¥J$ty been recognwd. Umlt•d by guarants• The company Ss Ilmrteil by guarantee and has no share ca[. Every member of the company undertakestoconlribule lo the assetsoflhe compary, inthe event ofa windu)g up. such an amount as may be required not exceeding £1. DonatkM and knga¢les Unrgstrided Tot1 Fund• Unrestricted Total Fund$ FLWKIS 2023 Funds 2022 l)onatlon* Donations 43.967 49.058 Exp•ndllur• on ch•rfl•bl• •¢llvltl•• ty fund typ• Unrests1cd Total Fund• unrestr4•d Total Funds Fund5 2023 Fund$ 2022 Charttable grarrts Support costs 42.696 3,745 42,696 3,746 46.441 37,802 (3.7541 37,602 13.7541 46.441 7. Exp•ndltyrn on charltabl• actlvlll•• by athlty typ• undertaken dire(ty Supwt Totsl fund• Total lund 2023 2022 Charitable grants Govtrrnance costs 42.6 42.696 3.745 37,602 (3.7541 33,848 3.745 42.696 3.74S 48.441
The Imaan Trust Ltd Company Limited by Guarantse Notss to the Financial Statements Year ended 31 August 2023 Net lexpendllur•yln¢om• Nat {expenditure)TNKome 1$ stst•l after d[(croditIng). 2023 Foreign ex¢hange differences 1N70 14.631) Indepond¥nt wTratIOn f•08 2023 2022 Foes payable lo th• ind¢pnd•nt examinerfor. Ind8p8ndent examination of the fin8n(i81 statements 10. staff ¢oJts The averag• head co1 ol empw dwing Ihg year wa8 Nil (2022.. NI. No omploye8 T8fNed émpknyee borffts ofrne than £e4).OW durww th8 yoar12022: Nlf). 11. Truts• r•mun•rnlkn •nd •xponw• No remuneTalv)n w othw bwfft8 from emlwment wh the Charity or a reLat8d entty w8r8 re¢eNed by the trusteos. 11 Tanglble fix•d au•ts Land and bulldlng• Co•t At 1 S•pt•mb•r 2022 and 31 Augu•t 2023 D•preclatlon At 18•ptember 2022 nd 31 Augu•t 2023 •rrylng amount At 31 August 2023 At 31 August 2022 68.097 68.097 68,097 13. Cr•dllorn: amounts f•lllng du• wlthln on• year 2023 2022 Accruals and deferr9d Ir(ne 1.200
The Imaan Trust Ltd Company Limitad by Guarantso Notos to the Financial Statoments i¢ti• Year ondod 31 August 2023 14. Anolysls of charftsbl• funds Unr•strtet•d funds At 31 August 2 023 1 Seplember 2022 Income Expenditure Gweral funds IcrJ.152 43.967 146,4411 106.678 Al 37 Augu8120 22 1 September 2021 Ir>Jm• Expendrturè General funds 93,942 49,058 (33,6481 109,152 1& A1¥ of n•t ••el• b•t*T•n fund• Unrestrid8d Totsl Fund$ FLThIs 2023 TangiNè ffixed assets Cyrr8nl a$set$ Credllors less than 1 y•ar N•1 a¥8•ts 68.097 40.381 {1,8) 11A,678 68.097 40.381 11,8001 106.678 UnrestrKtgd Totsl FuTrJs Funds 2022 Tangible fLxed assets Current assets Credrtors knss Ih¥n 1 ye8r Not 50,440 59.912 11,2001 109.152 59.912 11,200) 109.152 11