## ALIKHLAS FOUNDATION Company Adress: 238 Erdington High street Birmingham B23 6SN Charity No: **1150302** Company No: **07258689** E-mail: Alikhlasfoundationuk1@gmail.com **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 1 ## **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 2 ## **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| |---|---|---| 3 ## **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 4 ## **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| |---|---|---| 5 ## **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| |---|---|---| 6 Registered number 07258689 ## AL-IKHLAS FOUNDATION Report and Accounts 31 May 2025 **AL-IKHLAS FOUNDATION Registered number: Director's Report** **07258689** The director presents his report and accounts for the year ended 31 May 2025. ## **Principal activities** The company's principal activity during the year continued to be … ## **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 30 March 2026 and signed on its behalf. Mukhtar Jamal Mohamed Director 1 ## **AL-IKHLAS FOUNDATION Accountants' Report** ## **Accountants' report to the director of AL-IKHLAS FOUNDATION** You consider that the company is exempt from an audit for the year ended 31 May 2025. 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 437-441 Coventry Road Birmingham West Midlands B10 0TH 30 March 2026 2 ## **AL-IKHLAS FOUNDATION Profit and Loss Account for the year ended 31 May 2025** |**Turnover**
Cost of sales
**Gross profit**
Administrative expenses
**Operating profit**
**Profit before taxation**
Tax on profit
**Profit for the financial year**|**2025**
**£**
36,251
(4,300)
31,951
(21,242)
10,709
10,709
-
10,709|**2024**
**£**
39,251
-
39,251
(20,258)
18,993
18,993
-
18,993| |---|---|---| 3 07258689 ## **AL-IKHLAS FOUNDATION Registered number: Balance Sheet as at 31 May 2025** ||**Notes**||**2025**||**2024**| |---|---|---|---|---|---| ||||**£**||**£**| |**Current assets**|||||| |Debtors|3|20,560||-|| |Cash at bank and in hand||13,646||30,514|| |**Creditors: amounts falling due**|**Creditors: amounts falling due**|34,206||30,514|| |**within one year**|4|-||(7,017)|| |**Net current assets**|||34,206||23,497| |**Net assets**|||34,206||23,497| |**Capital and reserves**|||||| |Profit and loss account|||34,206||23,497| |**Shareholder's funds**|||34,206||23,497| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. The member has not required the company to obtain an audit in accordance with section 476 of the Act. The director acknowledges his 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 Jamal Mohamed Director Approved by the board on 30 March 2026 4 **AL-IKHLAS FOUNDATION Notes to the Accounts for the year ended 31 May 2025** ## **1 Accounting policies** ## _**Basis of preparation**_ The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). ## _**Turnover**_ Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. ## _**Intangible fixed assets**_ Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. ## _**Tangible fixed assets**_ Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: Freehold buildings over 50 years Leasehold land and buildings over the lease term Plant and machinery over 5 years Fixtures, fittings, tools and equipment over 5 years ## _**Investments**_ Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. ## _**Stocks**_ Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. ## _**Debtors**_ Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. 5 **AL-IKHLAS FOUNDATION Notes to the Accounts for the year ended 31 May 2025** ## _**Creditors**_ Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. ## _**Taxation**_ A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. ## _**Provisions**_ Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. ## _**Foreign currency translation**_ Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss. ## _**Leased assets**_ A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term. ## _**Pensions**_ Contributions to defined contribution plans are expensed in the period to which they relate. 6 ## **AL-IKHLAS FOUNDATION Notes to the Accounts** **for the year ended 31 May 2025** |**2**
**Employees**
Average number of persons employed by the company
**3**
**Debtors**
Other debtors
**4**
**Creditors: amounts falling due within one year**
Trade creditors|**2025**
**Number**
0
**2025**
**£**
20,560
**2025**
**£**
-|**2024**
**Number**
0
**2024**
**£**
-
**2024**
**£**
7,017| |---|---|---| ## **5 Other information** AL-IKHLAS FOUNDATION is a private company limited by shares and incorporated in England. Its registered office is: 7 ## **AL-IKHLAS FOUNDATION Detailed profit and loss account for the year ended 31 May 2025** _This schedule does not form part of the statutory accounts_ |**Sales**
Cost of sales
**Gross profit**
Administrative expenses
**Operating profit**
**Profit before tax**|**2025**
**£**
36,251
(4,300)
31,951
(21,242)
10,709
10,709|**2024**
**£**
39,251
-
39,251
(20,258)
18,993
18,993| |---|---|---| 8 ## **AL-IKHLAS FOUNDATION Detailed profit and loss account for the year ended 31 May 2025** _This schedule does not form part of the statutory accounts_ |**Sales**
Sales
**Cost of sales**
Purchases
**Administrative expenses**
Employee costs:
Travel and subsistence
Motor expenses
Premises costs:
Rent
Rates
Light and heat
Cleaning
General administrative expenses:
Telephone and internet
Bank charges
Equipment expensed
Repairs and maintenance
Sundry expenses
Legal and professional costs:
Consultancy fees|**2025**
**£**
36,251
4,300
-
10,005
10,005
7,200
762
584
70
8,616
12
188
-
1,893
228
2,321
300
300
21,242|**2024**
**£**
39,251
-
558
-
558
7,200
-
816
-
8,016
-
-
10,984
700
-
11,684
-
-
20,258| |---|---|---| 9