COMPANY REGISTRATION NUMBER: 09970015 CHARITY REGISTRATION NUldBER: 1170665 AL-KARAM TRUST LI ITED Com any Limited by Guarantee Unaudited Financial Statements 31 August 2024 KBM Chartered Certlfied Accountants 1 Concord Business Centre Concord Road London UK W3 OTJ AL4(A TRUST LIMITED Company Limited by Guarantee Flnanclal Ststements Year ended 31 August 2024 Page Tru.8tees' annual report (incorporating the directors report) Independent exam Iner's report to the trustees Statement of finaiicial activilies (including Income and expenditure account) Ststement of financial position statement of cash flows Notes to the financlal statements AL-KARAM TRUST LI ITED Company Limited by Ciuarantee Trustoes, Annual oport (Incorporating tha Directorfs Report) r anded 31 August 2024 The trustee8, who are also the dlrectors for the purposes of compsny law, prtsenl thelr report and th& unauditad fiTranci81 stat6m8nts of th8 charlty'for thè year 8nded 31 August 2024. R61•rfrnco and administrativo d•tailts R•glgt•rod charity name AL-KARAM TRusf LIMITED Charlty r8gl$tralfion number 1170665 Compahy registratkon numbor ts997001 S Principal offic• and YogistOi•ad Eaton Hall offi.cg R8tford Nottlngh¥mshlre DN22 OPR Tho trustoos Mr l Daad Mr M Iqbal Mr M l H Pittada Mr R A Samd&nl (R6tlred 4 August 2024) Company s8¢r•tary Mr B H Pirxada Indopendent uamlntrr KBM UK LTD I Concord Busin&ss CentrE Concord Road London UK W3 OTJ AL-KARA TRUST LIMITED Company Llmited by Guarantee Trustees. Annual Report {Inctsrporating the Dlrector's Re Year ended 31 August 2024 8tru¢turo, govemance and managolylellt Eloard of Trustws The boartj of trustefss Is resporFsible to ensure that charity obJ&cllve8 aro achleved &nd charttable activities are carried out in SLSPPOrt of set obj6Ctives. They also monitor ovorall perfomance of charlty manag&mont ond to ensure charty resiXkr¢es are applied effeclfvely. Governance Al-Karom Trust LIMIt￿ refers to the cFla￿ty Incorporated as a Mmpany Ilmtted by Guararilee In England and Wal8S. Wrth a governing drjwmpnt known as the Memorandum and Artlcl&s of Assodation. M"diiagement Rgsponsibdit¢e¥ The Annual Report ar)d FSnanclal Statements are prepargd accordlng to the relevant 18w and regulallons and approved by the Company Directors. The directors Manages and kw) a¢.counting records, the records disclose our financlal position wth reasonablo acLura¢y at any timtr and enable ￿1￿CtOrS to ensure that the finanolal st8t•ments corriply with the Compani&s A¢t 20(h and tho charity Commission Statement of rerximmendation Practice {kQJt>RPI 2015. AL.KARAM TRUST LI ITED Company Limited by Guarantee Tru$taes' Annual Report (Incorporating the Directorfs Rèport) fContI￿U4dJ Year ended 31 August 2024 ObJo¢tlv•8 and a¢tlYlll¥$ The objeGttV8s of char1ty (The Objects of the Charity) are, (a) the advancement of the faith rellgious practices of Islam (b) the adv8ncement of ggneral anLI rellglous education for the publlr, benefit conceming the teaching6 and religK)n of Islam (c) the provis￿￿ of facllitiea in thè interests of soclal welfare for reGreation or olher laisure-time OCGupatioii of Indlviduals who liave need of such faclllties by reasM of Ih&ir youth, age infirmlty or disabllity, financial hardsh5p or soclal clrcunistances wlth the object of Improving thelr cond1t￿S Df life (d) tho advan¢ement of I'ellglous harmony for the ben&fit of the publlc by: 8ducatirtg PLiblic In different religious bellefs including an awareness of Ih6lr dlstlnctlve foattjros and their common ground to promote gof)d relations betwttn persons of dlffereftt fallhs - promotliw knowledge and mutual und8r8tsndlng and r¢5pect of the belief3 erid practlces of d￿ftsrerrt religiou¥ f<hs (e) the reli￿ of finantilal need and suffering among victs'ms of natural or other kinds of dS88Ster in the form of money or other m6ans deemed suitable ftsr per8on$, bodles, organioations and tx)untries affected The Chattys a¢tivltles durlng the ygar are descrlbed below.. Donat'ons from various sourcgs was £98,Y38 which relatos to unresti¢ted ILsnd$ and thore Is no income fel£ted to restricted funds dun'ng the yttaT. Re,nlal incom6 8amed during the was £14,040. The unrestrleted ttxpendlture for 2023 was £94,843. Achièvemonts and porformance Flnanclal rnview Tha tharlty r&Geived sum of £98,238 In donatl¢n$ from varlous sources and rental income of £14,040. Fund￿ In defeclt; No lunds(unrestrfoted or rethcted) are In defe¢lt at the balr4n¢e sheet dato. Funds in surplus,. The unre¥tricted funds are In $urplus by £94,768 al the balance sheet date. Al-Karam Tw3t Limltèd runs a mosque in London from a leasehold prop&rty. AL.KARAM TRUST LI ITED company Limited by Guaranto Trustees. Annual Report (Incorporatlng the Dlrector's Report) (corflnu4d) Year ended 3,1 Augus12024 Small company provlslons Thls r•port has b¢8n prepared in acfy'ordance with tFi8 wovisions applicabb to compan￿8 entltled to the small cvmpani95 exemption. The Iruste(*s' annual report was approved on ........... .......... trustees by.. and slgned on behalf of Ihe board of Mi. M l H Plttada Trust6e AL-KARAM TRUST LI ITED Company Llmlted by Guarant•a Independènt Exanilner's Report to tho Trustees of Al.-KARAM TRUST LIMITED Year ended 31 August 2024 I report b the tru8te6s on my exaffilnatlon ot the financlal 8tsterrients of AL-KARAM TRIJST LIMITED {'the charlly,) for the year ended 31 Au£iiist 2024. Rèsponslbllltles and basls ot rèport As the tnJste&s of the company {and al80 tts directors for the purpose$ of company law) you are responsiLile for th& prepara￿On of tho financlal statements In ac¢ordance wlth th& requlrem8nts of the Companles Act 2006 rth¥ 2006 A¢V). Havlng satlsfled myself that tho a¢cpunts of Ihe company are not required to be audited under Part 16 of the 2006 Act and are èllglble for Indapendent ex4mination, I report in re8pe¢t of my examlnotti>n of the charlty's accounts as carriers OLrt under $6ction 145 of the Ch•rltles Ad 2011 {'Ihe 2011 Act,). carrylng out my èxamliiatlon I hav& follDwed the Dlrections given by the Charity Commisslon under soctlon 14515)(b) of the 2011 ACI. Indepèndent examlnee$ $tatemont I hav6 ¢oniplete£l my examinEJtÉon. I confirm t,hal no m8tt#W*> have come to my atteritEon In connection with the examinalion giving mè CEkuse lo believe.. accountlng records weiE not kttpt In resp¢y¢t of the charity as requ5red by sectlon 386 of the 2006 Act. or the financial slatementg Uo not 8¢cord with those records; or the financial ¥tatements do nol. cA)mply wlth tho acc￿￿tIng rèqulrèmellts (yf sectlon 396 of the 2006 Ae,t other than any requlrement that the aricounts glve a ttrue and falff vlew whlch is not a motter Qonsldered as part of an Independent examination". Dr th8 financial statements have not been pr¢par&d in a¢cord8n¢e with the methody and principl&s of lh8 Statémenl of Recommended Practice f£>r accounting and reportlng by harilies applicable to charilles p￿parIng thelr accounts In 8¢fjc>rdan¢e wlth the Financlal Reportlng Sland8rd api>licable In the UK and RepubllG of Irel&nd (FRS 102). I have no conc8riis and have como acr06$ no other matt6r$ in conn¢cts'on with the examinatK)n to ich att6ntion should bo dravm in thls report In order to enable a proper und6rstanding of the accounts to be reached. KBWI UK LTD Independeiit Examlner 1 Concord Busine4¥ Gentr6 Concord R08d Lon¢Jon UK W3 OTJ AL.KARA TRUST LI ITED Company Llmlted by Guorantse Statement of Flnancial Activltigs (Includlng Income and expenditure acGount} Year ondad 31 August 2024 2024 Unrestrlcted ftJnd6' Tolal funds Totsl fund$ 2023 Not4 Inoome and Indowmonts Donation$ ¢ind leg8cIos Other 5ncorYie 98,238 14,040 112278 98,238 14,040 112,278 87,629 8,675 96,304 Total Iiicom8 Expendlture Expendtture on charttable activftio5 Total expenditure 94,483 94,483 94,483 94A83 85,803 85,803 Net In¢¢Mn• and n6t. mov•m6n* in funds 17,795 17,795 10,501 Ro¢onclllatlon of funds Tot81 funds broLwhl fonvard Total funds carrlpd forward 76,973 76,973 6,472 76,973 94,768 94,768 The statEm?nt of flnancl81 activltiots includos all gains and los$es racognlsed thé ygar. All Iiicome and eXp￿ditUre derlve from continulng octlvitla8. The nots$ on pau￿ 9 to 16 form part of the$¢ findndal stalements. L-KARAM TRUST LIMITED Company Llmlted by Guarante statement of Flnancial osltlon 31 August 2024 2024 2023 Flxgd a55Èts TAnglbl6 flxed assets 14 16,446 9,714 Current ossets Cash at bank and In frand 79,164 68,056 ¢redStors: amounts falllng wlthin ono year Not curyant a$sots 15 I142 797 78,322 94,768 94,768 67,259 76,973 76,9n Total assets les¥ ¢umnt Ilabllllle$ assats Funds of the charlty Unrestrtcted funds 94,768 94,768 76,973 76,973 Total charfty funds 17 For the year ending 31 Au9USt 2024 the Gharily was entitled to exemption from audit unde.r sectic￿ 477 of the Companies Act 20Q6 relating to small ¢omp&nles. Dirèttor$' responsibililles., The m&mbt>rs have iiof roqulred the company to obtain an audit of its firtan¢ial *tatement$ lor the yoar in qLEestion In accordance with seotlon 476. The dlrectors 8ckwwledge thelr responslbilitios ft)r complying wlth the requirements of the AGt wlth respect to attc¢)untlng rewré$ ¥nd th& preparation of financial ¥tatoments. Those fiiiaNGlal statemonts have beeii prepargd iii aGcordanco with th9 provisions appllcable to <)mpanies subje¢t to tht) small ¢ompanlo$' regim¢. These financial ststernents were approved by the tK)8ré of trustd)&s ond authorlsed for Issue on , and are slgned on behalf of the buard by: Mr M l H Plrzada Twstee Th* notos on page$ 9 to 16 f (4,423} (4,423) Net incmase Ir* ￿$h and c4sh equlvalents Cash and cash equiv41onts * b¢ginnlng of ￿ar ¢Ash and cash pqulvalonts at end ol yoar 11,108 ,056 79,184 9,286 58,770 6EI,O, The notvs on pag85 910 16 form part of these Ilnanclal sfatemonts. AL-KARAM TRUST LI ITED Company Llmited by Guarantse Notes to the Financial Statements Year end￿ 31 August 2024 General informeétlon The charity Is a public benefit entity and a private company liillited by guarantee, reglslered In Engl&)nd and Wales and a reg15tered charity In EnglarKI and Wales. The addr¢s$ of the regl$tergd office is Eatrm Hall, Retford, Nottinghamshlre, PN22 OPR. Statsmgnt of compllan¢o These flnancial Statements have been prf)P42red in compliance with FRS 102, 'The FlnancÈal Rap(>rting Standard appllcable in the UK and the Roptjbllc of Ireland,, the Statemant of R8commende¢l Pra¢tlce appllcable to charities prepar$r￿ thelr accounts in accordance wlth the FlnanGlal Reportlng isiandarfl applicable in the UK and Rewblic of Ir61and (FRS 102) (Charltles SORP {fRS 102)> and th& Companies Act 2006. Accountlng pollcles Basls of proparntlon The *lnanclal slatements have been prepared on the historlcal cost baslo, as modlfied by the revaluation of certaln financi81 assets and liBbilitigs and In￿Stment propertlos mgasurad at faSr value thrC￿gh income or exponditure. The finan(x'al statemerits are prepar8d In starllno, whlch Is the functional currency of the 8ntity. O•lng ¢on¢¢rn Th8re are rio materlal uncortalntie¥ about tho tharlvs ablllty to conllnue. Judgom•nt$ and key sourcgs of ostlmatlon uncprtalnty Thtt preparatlon of the flnanclal statements requires management to make judgements, estirnates arKI a¥sumptlons that affe¢1 the amount$ reported, These estimat¢$ and judgements aro ¢ontinutilly revi8wed and are base¢i experiemtx and other factors, including expeotatw)n.q of future events that are believed to reasonable undgr the clroumstsnces. Fund ac¢ountlng Unrestrin wlll flow to tri& charity and the amoiint can be r¢liebly measured, The fDllowing specifio policies are applied lo partkular ttategorte¥ of Inrom&.' income from don8tions or gi?nts E3 re￿9n1sed when there Is evldon¢e of entlttem8nt to the gif¢ receipt is wobable and 5ts Amoun* can bE) measured reliably. 18gaoy income 18 woynls¢d ￿tsn receipt 1$ v.obab￿ and entlilement Is est¥Abli&h+)d. Income fr￿ donated goods Is ¥neosured at the falr v$lue of Ilie goods unle¥8 thi$ is Impractlcal to maasure r&llably, In whl¢h cw tRw value 1$ derfved from the cost to Ihe donor or tho estimated resale value. Donatsd facilitieg and servirAs are recognised in the acoounts when recelved tf tlie value can be rellabty moasured. No amounts are included for tho contribthlon of general volunteer$, income from contract3 for tho supply of seNittts Is recognls8d wlth tho dellvery of th¢> contract￿ seNi8. Yhis is cJas$lfl8é as unre6tilcted funds unlos5 ther6 Is s ¢ontraclual requlrement for It to bo spent on a partlcular purpose and returned If un.%p8nL In which c8s0 it may be regarded £¥ re¥tiictgd. Resources expendod Expèndlture 13 r6¢Q9nlsed on an accruals basis as a Iiobllty 16 incurr¢d. Expendituro includes any VAT whlch r.annot be fully rècovered, and Is olasslfied under headlngs of the statement of rinandal actlvlttes to whl¢h li. I'el4ttts.' expendlturo on ra181￿ funds Includes the costs of all tundralslw ar.￿VItI￿}s, events, no charitable trading activities, and thg Siale of don3v ted goods. 6xp&nditure on charitablo activiti8s Includes all casts intsurffd by a Gharity in undertaklng actlvllles that furthgr its tharktable alm¥ for the b8n8fit of its beneficiaries, Including those support costs cinrj wsts relatlng to the govei'nance of the charily apportionèd to ¢harilab activitles. oth8r expendltur@ Includtis all exp8ndlture that 16 nelther related to ralsing funds for the charity nor part of its 8xpendlture on charltabie activities. All costs are allocated to expendlture cat&gories reflectlng the use of the wsource. Dirèct cos attributable to a slnglft) #Ctlvity arts 8llocatsd dlrBctly to that activity. knhared ¢o$t$ ara apt)ortione betwoon the acti%Atlgs they contrlbute tD on a reasonkible. Ju8tiriable end conststent ba Tanglble ass•tg Tan9lbl6 assets are inilially recorded at LWS( and subsoquently stslvd at cost le$s any a¢cumulated dfyproclatlon and Irftpalrment lutses. Any taiigibl& asset4 carried at r6valued Smuunts are recorded ot thFJ fair value at the date of r¢valu8tion les4 any $ubts¢quent a¢cumulat@d deprecia15on and subsequent accumulated Smpalrment losses, io- AL.KARAM TRUST LIMITED Company Limlted by Guarante? Not•s to the Flnancial Statemgnts fwitlnu•d) Year ended 31 August 2024 Ac¢ountlng pollcles footthu•d) Tanglble assets {¢ontinu¢d) An incn)ase in the Car￿n9 amount ol an asset as a result of a maluation, is recoqnised in other r8cognl88d oaln& and losses, unless It reverses a charge for impaSm)ent that has previously bee cognlsed as 8x•ndltur& within the statement of fInan￿#] activSties. A deoYe8se In the ￿rryIn9 amount of an asset as a rosult of revaluation, is reoognised in other re¢ognised galns and losses, except to whlch It offsets any previotL8 rovaluation ga5n, in which case Ihe108s Is shown within r)ther rècognlsad galns and losses on th6 Statement of fin8n¢ial 4¢ts'vits'es. Depre¢￿tIOn Depreclation is calculated so as to wrlte off the ctsst or valuatlon of an asset, le88 Its ￿sIdual value, over tho useful econonilti Ilfe of Ihat asset as folEows: Flxtures and ffttlngs Equlpment 25% reducing balance 250/0 rèduclng balance Impalmient of flxod awts A revlew for indicators of imp8im8nt 18 carrled out at each reportlng date, wSth the re¢¢)verable amount being estlmsted whèrè such indic4knr$ exl$t. Wherp t￿10 carying valu$ ex¢eeth the r6¢overable amount, the asset Is impsired accordingly. Prror Impoitments are also review8d for P088ible revers8141 ea¢h repvrlng date. For the purpoye8 of in>palment tesllng, WIHI It Its, not posslble to estlmate tha rocov8rabl8 amcAJnt of an indlvidual a8seL an 9stirnate L% m8de ol the re¢overable amouni of the c881 generating unit tn which th& ass&t bolongs. Tho cash-generatlrag unlt Is the 4pmallest Idendf12ble groLlP of assets that Includes the asset generates cash Inftows that largely Inrjependent of the cash inllows from other asset¥ or group9 of assets. For Impairmont te8ting of goodwlll, the goodwlll acqvlr8d In a buslness eombinatlori Is, from acquisition date, allocated to each of the caslFgenerallng unFts that are expected to benèfit from the $y￿e￿leS of the combination, irrespectlve of whother olhor assets or Ilabllttles ¢)f tbe charlty are assigned to those units. FInan￿al InstnJm*nts A financlal 8sset or a financlal 118t￿￿tY b recognls&d only when th2 charity becoines a party lo Ihe contracival provls10118 of the Instrument. BasÉc financial inslruments are inltlally recognised at the amount recelvable or payable including any related transactlon costs. Current and ourrent liabilitiets are sub8equoFStly measu￿d al the cash or other conslderation exp6Cted to be pald or recefroed and not dlscourrted. Debt Instruments are subsequently nieasured at amortEsorJ cost. Where, inveslniAnts In shares are publicly traded or their falr value ean otherwi86 measured roliably, Investrnent is subseqijèntly measured at fair v81u& with chang98 in fair value recognised in income and expenditure. All rjther such investments are subsequently measured al ¢Jt Fess imp4irmenL 11 4C4RAM TRUST LI ITED Company Llmited by Guarantee Notes to the Flnanclal Statemont$ {contintMdl Year ended 31 August 2024 Aocounting pollcleB Icontlnu Flnanclal Instruments (QortInu￿) Other financial in$trum¢nts, including deTivali¥r%, are Inltlally ￿(%)gnISed at fair value. unl983 payment for an atsset Is dofeiTed beyond nomial buslness terms w flnan(*d at a rate of Interest that is not a market rate, In which case the asset 18 mgasurgd at the presont value of the futur6 payments discounted at a market rat& of intor(gst for a $imllar debt instrument. Other financlsl tn8trum&nt# ar6 $ubse.qiienlly moasured at fair value, wtth any thanges rpougnisEKI in th8 st*8m8nt of financlal activlles, wlth the exception of hedging Instruments in a deBlgn8t6d h8dginy rplationshlp. Flnanttlal assets. that are nieasured al cost or aM￿t*S8d cost are rwtewed for objectfve e￿￿entte ol Impalmient ai the end of each reportlng date. If ttiero is objective evidonce of impairment, an Impairment loss 1$ recogn16ed under the approprialo heading in the statement of financial actlvltles In thlch the iiiltlAI gain Was recognls&d, For all equlty Instruments r¢gardle8s of slgnlficance, and other financlal assets t17at a Indlvlclually slgnlfi¢ant, tt)ese are assessed individually for impairmenl. Other financial a¥sets arg éith8r a8FSossed indivldually Dr gwuped on the basis of 5imllar credit rtsk eharacteristiC9, Any reversals of iffipaimenl 8r8 reGOgnisf¢d immedlately, to fjie exten* that the reversal doe5 not result In 8 Carrying amovni of thg financial aBset that exceeds what the Garrylng amount would h 94,768 At I Soptembei. 2Q22 At 31 August 20 23 Inconts Expendlture General funds 86,472 96,3t)4 (85,803) 76,973 18. Analysi8 of net assots botwgen fund$ Vnrestri(tstl Total Furtds Funds 2D24 Tanglble fixed asspts Current assets Cr￿lt￿ri¥ less than l year Nèt assets 16,447 79,1e4 1843) 94,768 16,441 79,164 {843) 94.768 Unyestrided Totd runds Funds 2023 Tanglble fixèo aasstg Current assets Creditor8 less than l year Net a$sets 9,714 8,056 9,714 88,056 (797) 76,973 -15- AL-KARAM TRUST LIMITED Company Llmited by Guarant•e Notes l'o th8 Flnanclal Statoments f¢onilnu¢d) Yéar ended 31 August 2024 19. Analysls of ¢hange$ In nat dèbt At 1 Sep 2023 Cash flows 31 Aug 2024 Cash at bank and In hand t8,056 79.164