Charity No. 1155353 Al Ihsan Foundation Annual Report and Flnanclal Statements Year ended: 31 March 2024 Contents Legal and admln15trative Informatlon Report of the Trustees Report of the Independent Examiner Receipts and Payments Statement of Assets and Lla bilitles Notes formlng part of the financlal statements Legal and admlnlstrative Information Charity number 1155353 Reglstered address 27 St Lukes Road, Birmingham, West Midland5, B5 78T Trustees Qari Abdul Salam Abld-chalr Abdul Baqi Naeem Iftlkhar Ahmed Md Helal Ahmed Banker5 Barclays Bank PIC Hagley Road Edgbaston Blrmlngham B16 Report of the Trustees for the year ended 31 March 2024 Al Ihsan Foundation The Trustees present their annual report and accounts for the year ended 31 March 2024. The accounts have been prepared in accordance with the receipts and payments basis in accordance with the Charity Commission guidance Stru¢ture> governance and management The Charlty is a Trust formed by a Trust Deed dated 24th February 2013. The Trust registered wlth the Charity Commission as charity on the 16 January 2014. Trustees are legally responsible for the governance and management of the charSty. Trustees are responslble of settln8 Strategies and pollcies for ensurln8 these are Implemented, Risk management The charlty's trustees have considered the malor rlsks to which the charity Ss exposed and have revlewed potentlal risks. Systems and procedures have been put In place to manage the risks and to mltlgate any adverse outcomes. Objectlves and activltles The governing scheme defines the charlty's objects as beSng'. al The advancement of education, rellef of poverty and the promotlon and protectlon of good health In such parts of the Unlted Klngdom or the world as the Trusteos f rom tlme to tlme may think f It. bl For such general charltable purposes for the publlc benefTt In such ways and In such parts of the Unlted Klngdom or the world as the Trustees from tlme to tlme may thlnk fit. Achlevements and Performance Durlng the perlod the charSty Increased Its a¢tlvlty by ralslng more funds and maklng more grants towards the followlng nltlatives In 8angladesh.. Educatlon sponsorshlp and grants to Instltutlons Mosque bulldlng to promote educatSon Medlcal care Food packages Ilftar, Fltrana and Qurbanll and Grants to poor Indlvldu21s The charlty using Its network and contact5 in Bangladesh vets needy people and spends the money only when the trustees are satlsfled on the use of f unds. During the past perlods the focus has been on Identlfy the need and the charlty Intends to spend the funds In the next perlod. Flnanclal revlew Durlng the perlod, the Trust recelved sadqa and zakat of £52k12023.. £54kl to eradlcate poverty In Bangladesh and to promote educatlon. The expenditure Sn the year was £18k12023'. £30kl for varlous prolects in 8angladesh. The carrled forward cash fund balanco Ss £132k12023'. £98kl. Reserves Poll¢v The Trust has sufflclent reserve to contlnue Its actlvltles for the foreseeable future. Future plan The charity Intends to increase its activities in future years. Trustees, responsibilities statement The trustees are responsible for preparing the Trustees, Annual Report and the financlal statements in accordance wlth applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities In England & Wales requires the trustees to prepare financial statements for each flnancial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and appllcation of resources of the charity for that period. In preparing these financial Statements, the trustees are required to: select suitable accounting policies and then apply them consistentlyi observe the methods 3 nd principles in the Charitles SORP,, make judgements and e5tlmates that are reasonable and prudent,. state whether applScable accountlng Standards have been followed, subject to any materlal departure5 disclosed and explained in the financial statements,. prepare the financial statements on the golng concern basls unless It Is Inappropriate to presume that the charity will Continue in operation. The trustees are re5ponslble for keeping proper accounting record5 that dlsc105e wlth reasonable accuracy at any tlme the flnanclal posltlon of the charlty and enable them to ensure that the financSal statements comply wlth the Charltles Act 2011, the CharSty (Accounts and Reports) Regu12tlons 2008 and the provlslons of the trust deed. They are also responslble for safeguarding the assets of the charlty and hence for taklng reasonable steps for the preventlon and detectlon of fraud and other irregularities Thls report wa5 approved by the trustee5 0 d signed on thelr behalf by.. Qari Abdul Salam Abld (Trusteel Independent Examiner's Report to the Trustees of Al Ihsan Foundation I report on the accounts of the charity for the year ended 31 March 2024 whlch 3re set out on page 7 and 8. Respective responsibilities of trustees and examlner The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under Section 144121 of the Charities Act 2011 (the 2011 Actl and that an Independent examlnation Is needed. It is my responsSblllty to.. examlne the accounts under sectlon 145 of the 2011 Act; follow the procedures laid down In the general Dlrectlons given by the Charity Commisslon under sectlon 14515llbl of the 2011 Act; and state whether particular matters have come to my attentlon, Ba51s of Independent examlner's report My exarnlnat1on was carried out In accordance with the general Dlrectlons glven by the Charlty Commlsslon. An examlnatlon include5 a review of the accountlng records kept by the charlty and a comparison of the accounts presented wlth those record5. It also Includes consideratlon of any unusual items or dSsclosures Sn the accounts, and seeklng explanatlons from vou as trustee5 concernlng any such matters. The procedures undertaken do not provlde all the evldence that would be requlred In an audlt and consequently no oplnlon15 glven as to whether the accounts present a "true and falr vlew" and the report Is Ilmlted to those matters set out In the statement below. Independent examlner's Statement In connectlon wlth my examinatSon, no matter has come to my attentlon.. whlch glves me reasonable cause to belleve that, In any materlal respect, the requlrements: to keep accounting records In accordance wlth sectlon 130 of the 2011 Act,. and to prepare accounts which accord wlth the accountin8 records and comply wlth the accountlng requlrements of the 2011 Act have not been met,. or to whlch, In my opinion, attention should be drawn In order to enable a proper understandlng of the accounts to be reached. DUA GOVERNANCE Chartered Accountants and Buslness Advisors Bradford Court 123-1318radford Street Dlgbeth Blrmingham B12 ONS Nasir Rafiq BA FCA ICAEW Date... Al Ih5an Foundation Receipts and Payments Accounts From l April 2023 to 31 March 2024 Unrestrlcted Funds Re5trltted Funds Total 2024 Total 2023 Receipts Donatlon 51,862 51,862 51,862 51,862 54,150 54,150 Subtotal Assets and Investment sales Total receipts Payments Worker e05ts Masjid Bulld & Constructlon Donation 51,862 51,862 54,150 1,499 6,521 4,973 1,154 145 1,499 6,521 4,973 1,154 145 4,105 7,387 2,138 8,472 314 Poverty Rellef projects Bank charges Medlcal Care Educatlon Offlce expenses Qurbanl Other 647 647 764 1,856 547 1,856 547 3,139 2,843 838 759 759 Subttstal Assets and Investment purchases Total payments Net of re¢elptsl(paymentsl Transfer5 between funds Cash funds last year end Cash funds thls year end 18,100 18,100 30,000 18,100 33,762 18,100 33,762 30,000 24,150 98,232 131,994 98,232 74,081 131,994 98,232 Al Ih5an Foundation Statement of Assets and Liabilities As at 31 March 2024 Unrestricted Funds Total 2024 Total 2023 Cash Funds Cash at Bank Cash held in hand Total Cash funds 131,994 131,994 98,232 131,994 131,994 98,232 Investment Assets Assets retalned for the charlty's own use Total Llabllltles 5,780 5,780 5,780 Approved bv e Board o And slgned on Its behalf bv: Qarl Abdul Salam AbSd (Trusteel Notes forming part of the financial statements for the year ended 31 Marth 2024 l. Accounting policies (a) Basis of preparation The accounts have been prepared in accordance with the receipts and payments basis in accordance wlth the Charity Commission guidance. (b) Charlty status Al Ihsan Foundation Trust was establlshed under a trust deed and is a registered with the Charlty Commisslon under the reference of 1155353. The Trustees are appolnted and functlon In accordance with the Constltutlon. (cl Fund atcounting General funds are unrestrlcted f unds which are available for use at the dSscretion of the trustees In furtherance of the general objectives of the charlty and which have not been designated for other purposes, Restrlcted funds are funds whlch are to be used In accordance wlth specSflc restrlctlons Imposed by donors tsr whlch have been ralsed by the charlty for partlcular purposes. The cost of raising and admlnisterlng such funds are char8ed agalnst the speclflc fund. The alm and use of each restricted fund Is set out In the notes to the flnancial statements. Idl Recelpt5 All Incomln8 resources are Included In the Recelpt & payment Accounts when the charlty actually recelves1È8ally entltled Income, (el Payments All expendlture Is accounted for on payments basis and has been classlfled under headlngs that aggregate all cost5 related to the category, Whore cost5 cannot be directly attrlbuted to partlcular headlngs they have been allocated to actlvltles on a basis conslstent wlth uso of the resources.