|
Page |
| Trustees' annual report |
1 |
| Independent examiner's report to the trustees |
5 |
| Statementoffinancial activities |
6 |
| Statementoffinancial position |
7 |
| Statementofcash flows |
8 |
| Notes to the financial statements |
9 |
| The following pages do not form partofthe financial statements |
|
| Detailed statementoffinancial activities |
15 |
| Reference and administrative |
details |
| Registered charity name |
AL-KARIM FOUNDATION |
| Charity type: |
Charitable Incorporated Organisation |
| Charity Registration date |
03 May 2013 |
| Charity registration number |
1151882 |
| Principal office |
Al-Karim Foundation |
|
POBox93 |
|
BANSTEAD |
|
SM79BD |
|
England |
| The trustees |
Shuaib Yusaf |
|
Saleem Butt |
|
Tehsin Yusaf |
| Independent examiner |
Saleemi Associates |
|
792 Wickham Road |
|
Croydon CR0SEA |
| Bankers |
Al- Rayan Bank PLC |
|
AlRayan Bank |
|
POBox12461 |
|
Birmingham |
|
BA16 6AQ |
| Independent Legal Advisors |
Khalid Safi |
|
Lee Bolton Monier-Williams, LLP |
|
1 The Sanctuary |
|
Westminster |
|
London |
|
SW1P 3JT |
AL4RIm FOUNDATION
Independent Examinefs Report to the Trust•es of AL4(ARIM FOUNDATION
Year ended 31 August 2024
I report lo the truste&$ on my examination of the finarwaaF $tateThnts of AL.KARIM FOUNDATION
Cthe chawty) for the year •nded 31 Augusl 2024.
R8spon¥ibiliti•s *nd tsuls of Trport
AS the trustee$ of the chanty you are responsible for the preparalion of the finondal Btalem¥nls in
ac¢ordance with the fequ1rgrrts of the Chanties Acl 2011 I'the Act'l.
I r•port in respect of my &x8min•tth of th& thail1$ financi statem•nts GWTi8d c4Jt der socllon 145
of the 2011 Act and in carryll)g out rny 0xam1rt1On I have folowed èll Ihe 8pplKable Dir•¢tions given
by the Charity Commi8sKin under sethn 145(Sllb) oflhe Ad.
Ind•p•ndont $tatem•rt
I have completed my examlnats'on. l ¢onfimi that no material matters hav8 come to my att•nllon in
¢onnedion with th8 examination gmng me cause lo believe th81 In any material respect..
accounling ro¢ord8 were not kopt in respect ol the Charty a5 r•quYed ty Secti 130 of the
Act.. or
Iho fina181 ststements do Mt acwd wlth th050 r•cord8' or
the financial stslements do not compty wth the apF4i¢able roquiremen15 conceming the
form and content of accounts Sel OLrt in the Charities (Accounts and Reports) Regulalions
2(K)8 olher than any requiremenl Ihal the accounts gN8 a Irue and fairf view which is not a
matt•r consKle(¢d as part of an indep8nd•nt examinglicffj.
I have no coneems and h3¥e come aw$$ no Otr motteTs in ¢onnection with Ihtr examination to
whSch attenlion 8hould be drawn in this Teporf in ordef lo anable a prop8r understanding of the
accounts lo be re4ctwl.
Independent ExanNn
P4yal Mishr4- FCCA
Saleemi A$30¢ial•8
Registered Auditors and Chartered A¢Untal$
792 wkharn Road
Croydon
CRO 8EA
| Year ended31August 2024 |
|
|
|
|
|
|
2024 |
|
2023 |
|
|
Unrestricted |
|
|
|
|
funds |
Total funds |
Total funds |
|
Note |
£ |
£ |
£ |
| Income and endowments |
|
|
|
|
| Donations and legacies |
4 |
30,601 |
30,601 |
16,684 |
| Total income |
|
30,601 |
30,601 |
16,684 |
| Expenditure |
|
|
|
|
| Expenditure on charitable activities |
5,6 |
22,761 |
22,761 |
11,248 |
| Total expenditure |
|
22,761 |
22,761 |
11,248 |
| Net income and net movementinfunds |
|
7,840 |
7,840 |
5,436 |
| Reconciliation of funds |
|
|
|
|
| Total funds brought forward |
|
21,621 |
21,621 |
16,185 |
| Total funds carried forward |
|
29,461 |
29,461 |
21,621 |
AL-KARIM FOUNDATION
StatementofFinancial Position
31August 2024 |
|
|
|
|
|
|
2024 |
|
2023 |
|
Note |
£ |
£ |
£ |
| Current assets |
|
|
|
|
| Cash at bank andinhand |
|
29,461 |
|
21,621 |
| Net current assets |
|
|
29,461 |
21,621 |
| Total assets less current liabilities |
|
|
29,461 |
21,621 |
| Fundsofthe charity |
|
|
|
|
| Unrestricted funds |
|
|
29,461 |
21,621 |
| Total charity funds |
10 |
|
29,461 |
21,621 |
| Year ended31August 2024 |
|
|
|
2024 |
2023 |
|
£ |
£ |
| Cashflowsfromoperatingactivities |
|
|
| Net income |
7,840 |
5,436 |
| Cash generated from operations |
7,840 |
5,436 |
| Net cash from operating activities |
7,840 |
5,436 |
| Net increase in cash and cash equivalents |
7,840 |
5,436 |
| Cash and cash equivalents atbeginningofyear |
21,621 |
16,185 |
| Cash and cash equivalents at endofyear |
29,461 |
21,621 |
| Donations and legacies |
|
|
|
|
|
UnrestrictedTotal Funds |
|
Unrestricted |
Total Funds |
|
Funds |
2024 |
Funds |
2023 |
|
£ |
£ |
£ |
£ |
| Donations |
|
|
|
|
| General donations |
30,601 |
30,601 |
16,684 |
16,684 |
| Expenditureoncharitable activities |
by fund type |
by fund type |
|
|
|
UnrestrictedTotal Funds |
|
Unrestricted |
Total Funds |
|
Funds |
2024 |
Funds |
2023 |
|
£ |
£ |
£ |
£ |
| Expenditure on charitable activities |
21,761 |
21,761 |
10,248 |
10,248 |
| Support costs |
1,000 |
1,000 |
1,000 |
1,000 |
|
22,761 |
22,761 |
11,248 |
11,248 |
|
Activities |
|
|
|
|
| undertaken |
|
SupportTotal funds |
|
|
Total fund |
|
directly |
costs |
|
2024 |
2023 |
|
£ |
|
£ |
£ |
£ |
| Expenditureoncharitable activities |
21,761 |
|
|
21,761 |
10,248 |
| Governance costs |
|
1,000 |
|
1,000 |
1,000 |
|
|
- |
- |
|
|
|
21,761 |
1,000 |
|
22,761 |
11,248 |
| Independent examination fees |
|
|
|
|
|
|
|
|
|
2024 |
2023 |
|
|
|
|
£ |
£ |
| Fees payable to the independent examiner for: |
|
|
|
|
|
| Independent examinationofthe financial statements |
|
|
|
1,000 |
1,000 |
| Unrestricted funds |
|
|
|
|
|
|
|
|
At |
|
|
|
At |
|
1 |
September |
|
|
31 |
August 2 |
|
|
2023 |
Income |
Expenditure |
|
024 |
|
|
£ |
£ |
£ |
|
£ |
| General funds |
|
21,621 |
30,601 |
(22,761) |
|
29,461 |
|
|
At |
|
|
|
At |
|
1 |
September |
|
|
31 |
August20 |
|
|
2022 |
Income |
Expenditure |
|
23 |
|
|
£ |
£ |
£ |
|
£ |
| General funds |
|
16,185 |
16,684 |
(11,248) |
|
21,621 |
| 11. |
Analysis of net assets between funds |
|
|
|
|
|
|
Unrestricted |
Total Funds |
|
|
|
Funds |
2024 |
|
|
|
£ |
£ |
|
Current assets |
|
29,461 |
29,461 |
|
|
|
Unrestricted |
Total Funds |
|
|
|
Funds |
2023 |
|
|
|
£ |
£ |
|
Current assets |
|
21,621 |
21,621 |
| 12. |
Analysis of changesinnet debt |
|
|
|
|
|
At |
|
At |
|
|
1 Sep 2023 |
Cash flows |
31Aug 2024 |
|
|
£ |
£ |
£ |
|
Cash at bank andinhand |
21,621 |
7,840 |
29,461 |
| Year ended31August2024 |
|
|
|
2024 |
2023 |
|
£ |
£ |
| Income andendowments |
|
|
| Donations and legacies |
|
|
| General donations |
30,601 |
16,684 |
| Totalincome |
30,601 |
16,684 |
| Expenditure |
|
|
| Expenditure on charitable activities |
|
|
| Purchases |
21,761 |
10,248 |
| Legal and professional fees |
1,000 |
1,000 |
|
22,761 |
11,248 |
| Totalexpenditure |
22,761 |
11,248 |
| Netincome |
7,840 |
5,436 |