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← Imam Ali Foundation

2025-06-30-accounts

CHARITY REGISTRATION NUMBER: 1172217

Imam Ali Foundation

Financial Statements

30 June 2025

MERALI'S

Chartered accountants & statutory auditor Scottish Provident House 76-80 College Road Harrow Middlesex HA1 1BQ

Imam Ali Foundation

Financial Statements

Year ended 30 June 2025

Page
Trustees' annual report 1
Independent auditor's report to the members 4
Statement of financial activities 7
Statement of financial position 8
Statement of cash flows 9
Notes to the financial statements 10

Imam Ali Foundation

Trustees' Annual Report

Year ended 30 June 2025

The trustees present their report and the financial statements of the charity for the year ended 30 June 2025.

Reference and administrative details

Registered charity name Imam Ali Foundation
Charity registration number 1172217
Principal office 65 Brondesbury Park
London
NW6 7AX
The trustees
Mr M Alkhabaz
Dr S Bakir
Syed M Rizvi
Mr A Jabbar
Mr A Amin
Mr A Riyadh
Mr M Amer
Dr H Mamdani
Auditor Merali's
Chartered accountants & statutory auditor
Scottish Provident House
76-80 College Road
Harrow
Middlesex
HA1 1BQ
Bankers Barclays
54 Lombart Street
London
EC3P 3AH

1

Imam Ali Foundation

Trustees' Annual Report (continued)

Year ended 30 June 2025

Structure, governance and management

Governing document

The organisation is registered as a Charitable Incorporated Organisation (CIO) on 23 March 2017 and governed by its constitution.

Organisational Structure

Imam Ali Foundation has a Management Committee of 8 trustees who meet regularly and are responsible for the strategic direction and policy of the charity.

Risk Management

The Management Committee has conducted a review of the major risks to which the charity is exposed to and continues to monitor this on an ongoing basis. Where appropriate, systems or procedures have been established to mitigate the risks the charity faces. Internal control risks are minimised by the implementation of procedures for authorisation of all transactions and projects. Procedures are in place to ensure compliance with health and safety of staff, volunteers, clients and visitors to the centre. These procedures are periodically reviewed to ensure that they continue to meet the needs of the charity.

Objectives and activities

The objects of the Charity are for the public benefit:

A) the advancement of education and religion with particular emphasis on religious studies and Islam, in accordance with the creeds of Ithna Ashari Shia Muslim faith.

B) the relief of poverty, sickness and distress, in particular amongst people who practice the Islamic faith in accordance with the creeds of Ithna Ashari Shia Muslim faith;

C) the provision of facilities, for the public and in particular for those members of the public who practice the Islamic faith in accordance with the creeds of Ithna Ashari Shia Muslim faith ("the beneficiaries") in the interests of social welfare and with the object of improving conditions of life of the beneficiaries.

Achievements and performance

The charity fulfilled its objectives of relieving poverty, promoting education and providing facilities for the Muslims to practice the Islamic faith across the UK, with centres operating in London, Birmingham, Liverpool, Cardiff and Hull.

Financial review

The trustees were satisfied with the financial position of the charity. The charity has sufficient funds to meet at least 6 months direct and operating costs as required per the reserves policy.

2

Imam Ali Foundation Trustees. Annual Report (¢ontlnu¢d) Year ended 30 June 2025 Trustees, responslbillties statement The trustees are responsible for preparing the trustees, report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards {United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requir8S the charity trL5Stees to pr@pare financial statements for each year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application 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 consistently" observe the methods and principles in the applicable Charities SQRP-, make judgments and accounting estimates that are reasonable and prudent; state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charity will continue in business. The truste8s are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financia statem8nts compty with the Charities Aet 2011. the applicable Charities (Accounts and Rèports) Regulations, and the provisions of its Constitution. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularits'es. The trustees, annual report was approved on .. .. . trustees by: nd signed on behalf of the board of Syed M Rizvi Trustee

Imam Ali Foundation

Independent Auditor's Report to the Members of Imam Ali Foundation

Year ended 30 June 2025

Opinion

We have audited the financial statements of Imam Ali Foundation (the 'charity') for the year ended 30 June 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements, or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

4

Imam Ali Foundation

Independent Auditor's Report to the Members of Imam Ali Foundation

Year ended 30 June 2025

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees are responsible for the preparation of the financial statements which give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We identify and assess the risks of material misstatement of the Financial Statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.

Identifying and assessing potential risks related to irregularities

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following: - enquiring of management and trustees including obtaining and reviewing supporting documentation concerning the charity's policies and procedures relating to:

• identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of non-compliance.

• detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud;

• the internal controls established to mitigate risks related to fraud or non-compliance with laws and regulations;

5

Imam Ali Foundation

Independent Auditor's Report to the Members of Imam Ali Foundation

Year ended 30 June 2025

on those laws and regulations that had a direct effect on the financial statements or that had a fundamental effect on the operations of the charity. The key laws and regulations we considered in this context included the Charities Act 2011 and Charities SORP (FRS 102).

Audit response to risks identified

As a result of performing the above, we identified management override of controls, revenue recognition including occurrence and classification of donation income and the occurrence and classification of charitable payments as key audit matters.

Our procedures to respond to risks identified included the following:

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Use of our report

This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Merali's Chartered Accountants & Statutory Auditors Scottish Provident House 76-80 College Road Harrow Middlesex HA1 1BQ

Date:…………………….. DY}. 200b

6

Imam Ali Foundation

Statement of Financial Activities

Year ended 30 June 2025

2025 2024
Unrestricted Restricted
funds funds Total funds Total funds
Note £ £ £ £
Income and endowments
Donations and legacies 4 108,391 700,605 808,996 453,643
Investment income 5 19,424 – 19,424 17,896
Other income 6 7,837 – 7,837 –
-------------------------------- -------------------------------- -------------------------------- --------------------------------
Total income 135,652 700,605 836,257 471,539
================================ ================================ ================================ ================================
Expenditure
Expenditure on charitable activities 7,8 213,162 433,273 646,434 627,359
-------------------------------- -------------------------------- -------------------------------- --------------------------------
Total expenditure 213,162 433,273 646,434 627,359
================================ ================================ ================================ ================================
-------------------------------- -------------------------------- -------------------------------- --------------------------------
Net income/(expenditure) and net
movement in funds (77,510) 267,332 189,823 (155,820)
================================ ================================ ================================ ================================
Reconciliation of funds
Total funds brought forward 3,751,922 7,923 3,759,845 3,915,665
----------------------------------------- -------------------------------- ----------------------------------------- -----------------------------------------
Total funds carried forward 3,674,412 275,255 3,949,667 3,759,845
========================================= ================================ ========================================= =========================================

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The notes on pages 10 to 17 form part of these financial statements.

7

Imam Ali Foundation ststement of Financial Position 30 June 2025 2025 2024 Nots Flxed assets Tangible fixed assets 14 3,127.044 3,142,637 Current assets Cash at bank and in hand 832,716 638,479 Credltors: amounts falling due wlthln one year Net current assets 15 10.092 21,271 822,624 617,208 Total assets less current liabilities 3,949,868 3,759,845 Net assets 3,949.668 3,759,845 Funds of the charlty Restricted funds Unrestricted funds 275,255 3,674,412 16 3.949,667 7,923 3.751,922 Total charlty funds 3.759,845 These financial statements were approved by the board of trustees and authorised for issue on 20 4, Z<)JL .., and are signed on behalf of the board by.. Syed M Rizvi Trustee The notes on pages 10 to 17 form part of these fir￿nCIal stalements.

Imam Ali Foundation

Statement of Cash Flows

Year ended 30 June 2025

2025 2024
£ £
Cash flows from operating activities
Net income/(expenditure) 189,823 (155,820)
Adjustments for:
Depreciation of tangible fixed assets 15,593 15,740
Dividends, interest and rents from investments (19,200) (17,600)
Other interest receivable and similar income (224) (296)
Interest payable and similar charges 974 1,584
Accrued (income)/expenses (9,960) 11,140
Changes in:
Trade and other creditors (1,219) (1,217)
-------------------------------- --------------------------------
Cash generated from operations 175,787 (146,469)
Interest paid (974) (1,584)
Interest received 224 296
-------------------------------- --------------------------------
Net cash from/(used in) operating activities 175,037 (147,757)
================================ ================================
Cash flows from investing activities
Dividends, interest and rents from investments 19,200 17,600
-------------------------------- --------------------------------
Net cash from investing activities 19,200 17,600
================================ ================================
Net increase/(decrease) in cash and cash equivalents 194,237 (130,157)
Cash and cash equivalents at beginning of year 638,479 768,636
-------------------------------- --------------------------------
Cash and cash equivalents at end of year 832,716 638,479
================================ ================================

The notes on pages 10 to 17 form part of these financial statements.

9

Imam Ali Foundation

Notes to the Financial Statements

Year ended 30 June 2025

1. General information

The charity is a public benefit entity and a registered charity in England and Wales and is a Charitable Incorporated Organisation (CIO). The address of the principal office is 65 Brondesbury Park, London, NW6 7AX.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Charities Act 2011.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis.

The Trustees have assessed the charity’s ability to continue as a going concern and are satisfied that there are no material uncertainties that cast significant doubt on the charity’s ability to continue in operation for the foreseeable future. The Trustees have a reasonable expectation that the charity has adequate resources to continue its activities for at least 12 months from the date of approval of the financial statements.

Accordingly, the Trustees continue to adopt the going concern basis in preparing the financial statements.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal and fall into one of two sub-classes: restricted income funds or endowment funds.

Incoming resources

All income is included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:

10

Imam Ali Foundation

Notes to the Financial Statements (continued)

Year ended 30 June 2025

3. Accounting policies (continued)

Incoming resources (continued)

Resources expended

Expenditure is recognised gross on an accruals basis as a liability is incurred. Expenditure is classified under headings of the statement of financial activities to which it relates:

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.

11

Imam Ali Foundation

Notes to the Financial Statements (continued)

Year ended 30 June 2025

3. Accounting policies (continued)

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold property - Straight Line Method over 50 years on building element only Fixtures and fittings - 25% Straight line Equipment - 25% Straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.

Financial instruments

A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.

Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.

Debt instruments are subsequently measured at amortised cost.

Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.

Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

12

Imam Ali Foundation

Notes to the Financial Statements (continued)

Year ended 30 June 2025

3. Accounting policies (continued)

Financial instruments (continued)

Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Donations and legacies

Unrestricted Restricted Total Funds
Funds Funds 2025
£ £ £
Donations
Donations 108,391 – 108,391
Fitra – 3,827 3,827
Khums – 673,494 673,494
Orphans / poor – 967 967
Qurabani – – –
Sadqa – 19,866 19,866
Fidya / Kaffara – 1,076 1,076
Zakat – 1,375 1,375
-------------------------------- -------------------------------- --------------------------------
108,391 700,605 808,996
================================ ================================ ================================
Unrestricted Restricted Total Funds
Funds Funds 2024
£ £ £
Donations
Donations 132,366 – 132,366
Fitra – 3,898 3,898
Khums – 270,461 270,461
Orphans / poor – 915 915
Qurabani – 105 105
Sadqa – 42,647 42,647
Fidya / Kaffara – 2,586 2,586
Zakat – 665 665
-------------------------------- -------------------------------- --------------------------------
132,366 321,277 453,643
================================ ================================ ================================

13

Imam Ali Foundation

Notes to the Financial Statements (continued)

Year ended 30 June 2025

5. Investment income

Unrestricted Total Funds Unrestricted Total Funds
Funds 2025 Funds 2024
£ £ £ £
Income from investment properties 19,200 19,200 17,600 17,600
Bank interest receivable 224 224 296 296
---------------------------- ---------------------------- ---------------------------- ----------------------------
19,424 19,424 17,896 17,896
============================ ============================ ============================ ============================
6. Other income
Unrestricted Total Funds Unrestricted Total Funds
Funds 2025 Funds 2024
£ £ £ £
Other exceptional income 7,837 7,837 – –
======================= ======================= ============== ==============
7. Expenditure on charitable activities by fund type
Unrestricted Restricted Total Funds
Funds Funds 2025
£ £ £
Charitable activities – 433,273 433,273
Support costs 213,162 – 213,161
-------------------------------- -------------------------------- --------------------------------
213,162 433,273 646,434
================================ ================================ ================================
Unrestricted Restricted Total Funds
Funds Funds 2024
£ £ £
Charitable activities – 455,833 455,834
Support costs 171,526 – 171,525
-------------------------------- -------------------------------- --------------------------------
171,526 455,833 627,359
================================ ================================ ================================

8. Expenditure on charitable activities by activity type

Activities
undertaken Support Total funds Total fund
directly costs 2025 2024
£ £ £ £
Charitable activities 433,273 202,517 635,790 615,355
Governance costs – 10,644 10,644 12,004
-------------------------------- -------------------------------- -------------------------------- --------------------------------
433,273 213,161 646,434 627,359
================================ ================================ ================================ ================================

14

Imam Ali Foundation

Notes to the Financial Statements (continued)

Year ended 30 June 2025

9. Analysis of support costs

Analysis of
support costs Total 2025 Total 2024
£ £ £
Staff costs 58,500 58,500 49,292
Premises 100,167 100,167 69,490
Communications and IT 4,702 4,702 4,616
General office 12,519 12,519 13,581
Finance costs 975 975 1,584
Governance costs 10,644 10,644 12,004
Legal & professional costs 10,062 10,062 5,219
Depreciation 15,593 15,593 15,740
-------------------------------- -------------------------------- --------------------------------
213,162 213,162 171,526
================================ ================================ ================================

10. Net income/(expenditure)

Net income/(expenditure) is stated after charging/(crediting):

Depreciation of tangible fixed assets

11. Auditors remuneration

Fees payable for the audit of the financial statements

2025 2024
£ £
15,593 15,740
============================ ============================
2025 2024
£ £
6,180
=======================		 7,540
=======================

12. Staff costs

The total staff costs and employee benefits for the reporting period are analysed as follows:

2025 2024
£ £
Wages and salaries 58,500
============================		 49,292
============================

The average head count of employees during the year was 5 (2024: 4).

The average number of volunteers during the year were 5 (2024: 5)

No employee received employee benefits of more than £60,000 during the year (2024: Nil).

13. Trustee remuneration and expenses

Syed M Rizvi was paid £15,050 (2024: £14,400) during the year for lectures and promotion of Islamic faith. No remuneration or other benefits from employment with the charity or a related entity were received by the other trustees.

15

Imam Ali Foundation

Notes to the Financial Statements (continued)

Year ended 30 June 2025

14. Tangible fixed assets

Freehold
Fixtures and		 Investment
property fittings Equipment Property Total
£ £ £ £ £
Cost
At 1 July 2024 and
30 June 2025 2,598,823 838 9,905 575,000 3,184,566
========================================= ============== ======================= ================================ =========================================
Depreciation
At 1 July 2024 31,186 838 9,905 – 41,929
Charge for the year 15,593 – – – 15,593
----------------------------------------- -------------- ----------------------- -------------------------------- -----------------------------------------
At 30 June 2025 46,779 838 9,905 – 57,522
========================================= ============== ======================= ================================ =========================================
Carrying amount
At 30 June 2025 2,552,044 – – 575,000 3,127,044
========================================= ============== ======================= ================================ =========================================
At 30 June 2024 2,567,637 – – 575,000 3,142,637
========================================= ============== ======================= ================================ =========================================
Creditors: amounts falling due within one year
2025 2024
£ £
Accruals and deferred income 9,780 19,740
Social security and other taxes 312 157
Other creditors – 1,374
---------------------------- ----------------------------
10,092 21,271
============================ ============================

15. Creditors: amounts falling due within one year

16. Analysis of charitable funds

Unrestricted funds

At
At 30 June 202
1 July 2024 Income Expenditure 5
£ £ £ £
General funds 3,751,922 135,652 (213,162) 3,674,412
========================================= ================================ ================================ =========================================
At At
1 July 2023 Income Expenditure 30 June 2024
£ £ £ £
General funds 3,773,186 150,262 (171,526) 3,751,922
========================================= ================================ ================================ =========================================

16

Imam Ali Foundation

Notes to the Financial Statements (continued)

Year ended 30 June 2025

16. Analysis of charitable funds (continued)

Restricted funds

Restricted funds
At
At 30 June 202
1 July 2024 Income Expenditure 5
£ £ £ £
Restricted Funds 7,923 700,605 (433,273) 275,255
======================= ================================ ================================ ================================
At At
1 July 2023 Income Expenditure 30 June 2024
£ £ £ £
Restricted Funds 142,479 321,277 (455,833) 7,923
================================ ================================ ================================ =======================
Analysis of net assets between funds
Unrestricted Restricted Total Funds
Funds Funds 2025
£ £ £
Tangible fixed assets 3,127,044 – 3,127,044
Current assets 557,461 275,255 832,716
Creditors less than 1 year (10,092) – (10,092)
----------------------------------------- -------------------------------- -----------------------------------------
Net assets 3,674,413 275,255 3,949,668
========================================= ================================ =========================================
Unrestricted Restricted Total Funds
Funds Funds 2024
£ £ £
Tangible fixed assets 3,142,637 – 3,142,637
Current assets 630,556 7,923 638,479
Creditors less than 1 year (21,271) – (21,271)
----------------------------------------- ----------------------- -----------------------------------------
Net assets 3,751,922 7,923 3,759,845
========================================= ======================= =========================================
Analysis of changes in net debt
At
At 1 Jul 2024 Cash flows 30 Jun 2025
£ £ £
Cash at bank and in hand 638,479 194,237 832,716
================================ ================================ ================================

17. Analysis of net assets between funds

18. Analysis of changes in net debt

17