2023-09-30-accounts - International Waqf And Relief Foundation (Iwarf)

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Company Number: 08674625 Charity Number: 1154905 England and Wales

INTERNATIONAL WAQF AND RELIEF FOUNDATION (IWARF)

Director's and Trustee's Report and Financial Statements

For the Period Ended 30 September '2023

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INTERNATIONAL WAQF AND RELIEF FOUNDATION (IWARF)

Report and Accounts

Contents
	Page
Company & Charity information	3
Directors' & Trustees' report	4-6
Independent examiner’s report to the Trustees	7
Financial Statements	8
Balance Sheet	9
Notes to the accounts	10-14

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INTERNATIONAL WAQF AND RELIEF FOUNDATION (IWARF)

Charity Information for period ended	Charity Information for period ended
	30 September'2023
Trustees:	Syed Mueen Qadri
	Mohummad Umar Sayed
	Mohammed Abuhamad
	Mofid Saif
Principal bankers:	Al-Rayan Bank
Business Address:	Suite 702 Crown House
	North Circular Road
	London
	NW10 7PN
Company Number:	8674625
Charity Number:	1154905
	England and Wales
Accountants:	S M Q Accountancy and Management Consultancy Ltd
	Crown House-Suite 702, North Circular Road
	London NW10 7PN

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INTERNATIONAL WAQF AND RELIEF FOUNDATION (IWARF) Directors'/Trustees Annual Report

Structure, Governance & Management

The "INTERNATIONAL WAQF AND RELIEF FOUNDATION (IWARF)" as charity was incorporated on 06 December 2013 and is governed by Charity Constitution. It is also a registered charity, no. 1154905

Organisational Structure

The charity trustees are responsible for the strategic management of the charity. The CEO and staff are responsible for the implementation of plans and the day-to-day running of the charity.

REFERENCE AND ADMINISTRATIVE DETAILS: Registered charity name

INTERNATIONAL WAQF AND RELIEF FOUNDATION (IWARF) Charity registration number 1154905 Principal office: Suite 702 Crown House, North Circular Road, London NW10 7PN

THE DIRECTORS AND TRUSTEES

The trustees who served the charity during the period were as follows:

Syed Mueen Qadri Mohummad Umar Sayed Mohammed Abuhamad Mofid Saif

Accountant

S M Q Accountancy & Management Consultancy Limited Crown House, North Circular Road, London NW10 7PN

GOVERNANCE AND MANAGEMENT OBJECTIVES AND ACTIVITIES Structure, governance and management Structure

Memorandum and articles incorporated 03/09/2013 as amended by special resolution registered at companies house on 04/12/2013 as amended on 01 Dec 2019 as amended on 30 Dec 2019

Objectives

The charity’s objects (“objects”) are specifically restricted to the following:

(1) to advance the Islamic religion in the UK for benefit of the public through the holding positive dialogues between Muslim and non Muslim communities to bridge community cohesion and also holding prayer meetings, lectures, public celebration of religious festivals, producing and distributing literature on the Islamic faith to enlighten others in different languages via all means of print media and technological methods. (2) to advance education for the benefit of the poor, the underprivileged and people in need in the UK, and other countries determined from time to time, by means of, but not exclusively, the provision of educational programmes, such as Arabic and other languages classes, and the provision of educational facilities, such as libraries, training centres, Islamic schools and houses of worship. (3) to relieve financial hardship, distress and suffering among poor people, widows, orphans, refugees, victims of natural disasters and other people in need, by means of, but not exclusively, making grants for providing or paying for items, equipment, services and facilities, including the provision of food, water, clothing, medical treatment, rehabilitation, and accommodation for the said persons; and improve quality of drinking water and clean sanitation facilities. (4) to relieve sickness and to preserve good health among the poor, underprivileged and people in need in the uk and abroad, by means of, but not exclusively, the provision or assistance in the provision of services, facilities, equipment, clinics, medicines or grants for medical diagnosis and treatment, and provision of health education.

Risk Management

The trustees have assessed the major risks to which the charity is exposed to and are satisfied that systems are in place to mitigate exposure to these risks.

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INTERNATIONAL WAQF AND RELIEF FOUNDATION (IWARF)

What we do:

General Charitable Purposes, Education/training, The Prevention Or Relief Of Poverty Overseas, Aid/famine Relief, Religious Activities, Amateur Sport, Recreation

This is done through:

Makes Grants To Individuals
Provides Human Resources
Sponsors Or Undertakes Research

Who the charity helps:

Children/young People Elderly/old People People With Disabilities Other Charities Or Voluntary Bodies The General Public/mankind

Where the charity operates:

Throughout England And Wales

IWARF Yearly Report of 2022/2023

In October 2022, the International Waqf and Relief Foundation (IWARF) continued its campaign for orphans, with increased attention given to the Gaza Emergency appeal to help needy families of orphans and disabled children. However, the main activities were in Turkey, addressing the earthquake that hit the southern part of the country in February 2023.

This year was full of activities and projects, including emergency relief work and long-term projects. We can highlight the activities of the year as follows:

· The orphan sponsorship scheme provided education, medication, food, and clean water to the families of orphans as part of a comprehensive program IWARF focused on during the year 2022/2023.

The winter campaign took place during the cold months of December and January.

· On February 6th, 2023, an earthquake hit Turkey. IWARF, like many organizations, reacted quickly to relieve people in the southern part of Turkey and northern Syria. Initially, we focused on relief as the extreme harsh winter deprived people of even the bare necessities. However, our duty at IWARF is to intervene during these difficult times, providing necessary relief such as food, medicine, and shelter. We then provided containers for the displaced and homeless people, managing to supply more than 65 containers to house families and their children.

By March, 2023 we started preparing for the main campaign of Ramadan 2023. The campaign continued through April and May 2023. The Ramadan project 2023 was launched to help the needy in many countries around the world, such as Yemen, Somalia, Pakistan, Syria, and Turkey, which were affected by the earthquake. We focused on food parcels, hot meals, and all projects needed during Ramadan. We reached thousands of families in more than 7 countries during the holy month of Ramadan.
countries around the world, such as Yemen, Somalia, Pakistan, Syria, and Turkey, which some of them were affected by the earthquake. We focused on food parcels, hot meals, and other necessary projects during Ramadan, reaching thousands of families in more than 7 countries.

IWARF has ongoing projects such as orphan care, supporting over 150 orphans year-round. We provide full sponsorship for orphans and their families, covering their necessities. In 2022/2023, IWARF reached hundreds of families with orphans and special needs in these countries, and we remain committed to providing further aid.

In May and June 2023, we launched the Qurbani campaign to support the needy in 10 countries, helping thousands of families in countries such as Yemen, Pakistan, Palestine, and others.

The rest of the year involved following up on ongoing projects, such as those for orphans and refugees in many countries.

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INTERNATIONAL WAQF AND RELIEF FOUNDATION (IWARF)

Financial Overview

Reserves policy

The trustees have set a reserves policy of £45,500

For the year ended 30 September 2023 the INTERNATIONAL WAQF AND RELIEF FOUNDATION (IWARF) had a deficit of £41,250 (Deficit £37,388 2021.22). The charity's financial position strengthened over last year as trustees and management retained their commitment over the scrutiny of costs and careful selection of focused projects.

Principal funding source

This charity raises funds from the public but does not work with professional fundraisers or commercial participators.

Measures in place

The trustees have put in place key outcomes and outputs for which funds are to be used. All the funds are used to further the charity’s objects.

Financial management policy

The financial management is managed by the trustees and staff who ensure that the charity adheres to its financial policy and procedures.

Approved by the trustees on 20th June 2024 and signed on their behalf:

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Mr Syed Mueen Qadri (Trustee)

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Independent examiner’s report to the Trustees of INTERNATIONAL WAQF AND RELIEF FOUNDATION (IWARF)

I report on the accounts of the charity for the year ended 30 September 2023, which are set out on pages 10 to15.

Respective responsibilities of trustees and examiner

The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

It is my responsibility:

a) Examine the accounts (under section 145 of the 2011 Act;

b) To follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 145(5)(b) of the 2011 Act);

c) To state whether particular matters have come to my attention.

Basis of independents examiners Report:

My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.

Independent examiner’s statement

In connection with my examination, no matter has come to my attention:

(1) Which gives me reasonable cause to believe that in any material respect the requirements: a) to keep accounting records in accordance with section 140 of the 2011 Act; and b) to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met; or

(2) To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

S M Q Accountancy and Management Consultancy Ltd Crown House-Suite 702, North Circular Road, London NW10 7PN

Date: 20th June 2024

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INTERNATIONAL WAQF AND RELIEF FOUNDATION (IWARF) Statement of financial activities for the Y/E 30 September '2023

Unrestricted 38,808 41,247	Restricted 155,234 0	Total 2022/23 194,042 41,247	Total 2021/22 164,258 17,845
80,055	155,234	235,289	182,102
39,053 34,021 10,682	0 192,783 0	39,053 226,804 10,682	36,643 181,980 7,953
83,756	192,783	276,539	226,576
(3,700) 56,935	(37,549) 41,500	(41,250) 98,435	(37,388) 135,823
53,235	3,951	57,185	98,435

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INTERNATIONAL WAQF AND RELIEF FOUNDATION (IWARF) BALANCE SHEET AS 30 September 2023

TANGIBLE FIXED ASSETS Office and IT Equipments 4 Office Furniture CURRENT ASSETS Debtors Cash at bank and in hand CURRENT LIABILITIES Creditors 5 NET CURRENT ASSETS Total Current Assets less Current Liabilities RESERVES Income and Expenditue account Members' Funds		2022/23 £ 0 0	2021/22 £ 0 0
		0	0
		0 58,685 1,500	0 98,435 0
		57,185	98,435

		57,185	98,435
		57,185	98,435
		57,185	98,435

These accounts have been delivered in accordance with the provisions applicable to companies subject to small companies regime.

For the year ending 30/09/2023 the company was entitled to exemption from audit under section 477 (2) of Companies Act 2006.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

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Mr Syed Mueen Qadri (Trustee)

Approved by the board on 20th June 2024

Page 9

INTERNATIONAL WAQF AND RELIEF FOUNDATION (IWARF) Notes to the Financial Statements For the Y/E 30 September '2023

1. Accounting policies

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities:

Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)',

Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic oflreland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

The charity has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic oflreland':

the requirements of Section 7 Statement of Cash Flows;

the requirement of Section 3 Financial Statement Presentation paragraph 3.l 7(d); the requirements of Section 11 Financial Instruments paragraphs 11.41(b), 1l.41(c), 11.41(e), 11.41(f), 11.42, 11.44, 11.45, 11.47, 1l.48(a)(iii), 11.48(a)(iv), 1l.48(b) and 1l.48(c);

the requirements of Section 12 Other Financial Instruments paragraphs 12.26, 12.27, 12.29(a), 12.29 (b) and 12.29A; the requirement of Section 33 Related Party Disclosure paragraph 33.7.

Critical accounting judgements and key sources of estimation uncertainty

There are no significant estimates having a material effect on the financial statements.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Donations

This comprises all incoming resources from donations, grants of general nature provided by other charitable foundations which are not conditional on delivering certain levels of volumes of a service or supply of charitable goods and income from fundraising partners on the basis of that which is remitted to INTERNATIONAL WAQF AND RELIEF FOUNDATION (IWARF) in the United Kingdom.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to

that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accrual basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

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INTERNATIONAL WAQF AND RELIEF FOUNDATION (IWARF)

Raising funds

Raising funds includes all expenditure incurred by the charity to raise funds for its charitable purposes and includes costs of all fundraising activities, events and non-charitable trading.

Charitable activities

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and them. services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support

Governance costs

Governance costs include those incurred in the governance of the Charity and its assets and are primarily associated with meeting the constitutional and statutory requirements of the Charity. Allocation and apportionment of costs

Support costs include central functions and have been allocated to activity cost categories usage. on a basis consistent with the use of resources, for example, allocation property costs by floor areas, or per capital, staff costs by the time spent and other costs by their

Tangible fixed assets

Fixed assets are included at cost. Items are capitalised if their cost or, if gifted their donated value, is over £1,000. Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Office equipment 25% straight line basis

Taxation

The charity is exempt from tax on its charitable activities.

Fund

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity.

Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Going concern

The Board of Trustees have reviewed the Charity's financial requirements for a period of 12 months following the date of approval of these accounts and are satisfied that there are no material uncertainties about the charity's ability to continue,therefore the Charity's activities will operate at a adequate level of surplus in the future.

Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value.

Depreciation

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Fixtures&Fitting (inc.Computers)	25% on cost
Plant and machinery	25% on cost
Motor vehicles	25% on cost

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INTERNATIONAL WAQF AND RELIEF FOUNDATION (IWARF)

2. Incoming Resources Donation Others		2022/23 £ 194,042 41,247	2021/22 £ 164,258 17,845
		235,289	182,102

INTERNATIONAL WAQF AND RELIEF FOUNDATION (IWARF)

3. Expenditure Staff Cost Fundraising Cost Ramadan-Palestinians Ramadan-PK Earthquake-Turkey Qurbani Orphan Appeal-Palestinians Orphan Appeal-Rohingya Emergancey-Palestinians Emergancey-Lebnon Education Water Project Winter Project Flood-PK Website Cost Office Rent Bank Charges P&S Accountancy		2022/23 £ 8,400 24,593 54,500 18,134 71,800 30,100 42,265 0 8,005 2,000 0 0 0 0 8,150 6,310 288 495 1,500	2021/22 £ 7,200 30,643 64,000 16,650 0 24,800 35,430 3,000 0 0 18,000 6,600 8,500 5,000 0 6,000 323 430 0
		276,539	226,576

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INTERNATIONAL WAQF AND RELIEF FOUNDATION (IWARF)

Notes to the Financial Statements For the Y/E 30 September '2023

Fixture and Fitting 0 0 0	Office & IT Equipments 0 0 0	Motor Vehicles 0 0 0	Total £

			0 0 0
0 0 0 0	0 0 0 0	0 0 0 0	0 0 0 0
0	0	0	0
0	0	0	0

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INTERNATIONAL WAQF AND RELIEF FOUNDATION (IWARF)

Notes to the Financial Statements For the Y/E 30 September '2023

5.Creditors: amounts falling due within one year Accountancy Fee Depreciation 6.Staff Costs Wages and Salaries PAYE 7.Total Paid employees Orphans Project		2022/23 £ 1,500 0	2021/22 £ 0 0
		1,500	-
		8,400 0	7,200 0
		8,400	7,200
		1 1	1 1

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