2024-05-31-accounts

ALIKHLAS FOUNDATION

Company Adress: 238 Erdington High street Birmingham B23 6SN

Charity No: 1150302 Company No: 07258689

E-mail: [e-mail]

Current projects

• Adult Educational

• Youth club

• Alikhlas community Centre

Signatories

• Mukhtar Mohamed Chairman

• Noualdeen Mukhtar secretary

MISSION STATEMENT

This mission statement outlines several key goals: Al-Ikhlas Foundation is a non-non-profit organization with a mission "to inspire and assist in the advancement of education, livelihoods, health, and living environments."

We collaborate with individuals, government authorities, and partner organizations to offer vital services, particularly to less-privileged Refugees and African communities. Many of our ongoing projects are focused in West Midlands

Our specific objectives include: Promoting secular and spiritual education, with a strong focus on empowering women and youth. Building the capacity of women and youth in areas of social integration and educational development. Helping them achieve selfsufficiency.

1. Social Integration: This could involve programs aimed at enhancing the participation of women and youth in society, helping them overcome social barriers, and promoting inclusivity in various sectors like employment, leadership, and community engagement.

2. Educational Development: Educational initiatives could focus on skill-building, literacy, vocational training, and access to higher education. These programs should be tailored to help individuals gain knowledge, confidence, and the capabilities needed to thrive in a competitive economy.

3. Self-Sufficiency: The ultimate aim would be to enable women and youth to become financially and socially independent. This can be achieved through economic empowerment, entrepreneurship, mentorship, and access to resources like credit or networking opportunities.

Such efforts would not only uplift individuals but also contribute to broader social and economic growth by reducing dependency and promoting active citizenship.

Annual Review

I would like to begin by expressing my deep appreciation and congratulations to everyone who contributed to the growth and success of the Alikhlas Foundation over the past year.

The Centre's staff, committee members, volunteers, and partners have worked tirelessly to ensure its ongoing development and sustainability, despite our initial funding coming mainly from the community and Trustees.

With this collective effort, we have been able to provide specialised services, but our journey is far from over. Our goal remains to expand the Centre and continue offering essential services to the broader African communities in the West Midlands.

It is truly an honour for us to be recognised as a ‘flagship’ organisation by many mainstream entities, which fuels our motivation to press forward. As Chairman of the Alikhlas foundation, I am deeply thankful to the Management Committee, volunteers, community members, local leaders, councillors, the press, and both public and private sector organisations for their steadfast support and collaboration.

I would like to extend a special thanks to those who have made personal donations. Your generosity is invaluable, and I urge you to continue supporting us as we strive to maintain the vital services we provide, especially for the children who attend our Centre.

THANK YOU VERY MUCH, EVERYONE!

Mukhtar Mohamed Chairman Alikhlas foundation

Registered number 07258689

AL-IKHLAS FOUNDATION

Report and Accounts

31 March 2024

AL-IKHLAS FOUNDATION Registered number: 07258689 Directors' Report

The directors present their report and accounts for the year ended 31 March 2024.

Principal activities

The company's principal activity during the year continued to be charitable

Directors

The following persons served as directors during the year:

Small company provisions

This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.

This report was approved by the board on 10 October 2024 and signed on its behalf.

Director

Mukhtar Mohamed

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AL-IKHLAS FOUNDATION Accountants' Report

Accountants' report to the directors of AL-IKHLAS FOUNDATION

You consider that the company is exempt from an audit for the year ended 31 March 2024. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.

In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.

We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.

Quality Accountants Ltd Accountants

First Floor 437-441 Coventry Road Birmingham West Midlands B10 0TH

10 October 2024

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AL-IKHLAS FOUNDATION Profit and Loss Account for the year ended 31 March 2024

Turnover Administrative expenses Operating profit Profit before taxation Tax on profit Profit for the financial year	2024 £ 39,251 (20,258) 18,993 18,993 - 18,993	2023 £ 10,933 (1,659) 9,274 9,274 - 9,274

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AL-IKHLAS FOUNDATION Registered number: 07258689 Balance Sheet as at 31 March 2024

	Notes		2024		2023
			£		£
Current assets
Cash at bank and in hand		30,514		13,504
Creditors: amounts falling due	Creditors: amounts falling due
within one year	3	(7,017)		(9,000)
Net current assets			23,497		4,504
Net assets			23,497		4,504
Capital and reserves
Profit and loss account			23,497		4,504
Shareholders' funds			23,497		4,504

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit in accordance with section 476 of the Act.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.

Mukhtar Mohamed Director Approved by the board on 10 October 2024

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AL-IKHLAS FOUNDATION

Detailed profit and loss account for the year ended 31 March 2024

This schedule does not form part of the statutory accounts

Sales Administrative expenses Operating profit Profit before tax	2024 £ 39,251 (20,258) 18,993 18,993	2023 £ 10,933 (1,659) 9,274 9,274

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AL-IKHLAS FOUNDATION

Detailed profit and loss account for the year ended 31 March 2024

This schedule does not form part of the statutory accounts

Sales Sales Administrative expenses Employee costs: Travel and subsistence Premises costs: Rent Light and heat General administrative expenses: Stationery and printing Repairs and maintenance	2024 £ 39,251 558 558 7,200 - 8,016 - 700 11,684 20,258	2023 £ 10,933 - - 1,600 - 1,600 - - 59 1,659

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