# ## ## ||**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| ## ## ## ## ## ## ## ## ## ## ## ## ## ## AL4￿RIm 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 fequ1rgrr￿ts 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 0xam1r￿t1On 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 fina￿181 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 Ot￿r 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$30¢ial•8 Registered Auditors and Chartered A¢￿Unta￿l$ 792 w￿kharn 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**||||| |---|---|---|---|---| ||Unrestricted**Total 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**||| |---|---|---|---|---| ||Unrestricted**Total 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||Support**Total 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|