IQRAA FOUNDATION {Charitable Incorporated Organlsatlon -the CIO) Icharity Re91Stration numbar 11753351 REPORT AND ACCOUNTS 31 OCTOBER 2023 IQRAA FOUNDATION REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 OCTOBER 2023 Status The loundalion 15 conslitLsled as a charitable Incorporated Organisation Governing document The Charity was established ullder a constitution with objeds and powers that ar8 governed under the Charities Acis CharSty Commlssion Tegistration 117S335 Prfnclpal place of busine38 6Ob C¥aven park road London NW10 4AE Trustee¥ Muhiden Ai Ahrned Redl Habeba Husan Mukember Elias SeifÈlislarn Mohamtned Bankers HSBC 43 Queensway Bayswaler Lcindon W2 4QL Accountants Kojo & Co Limiled Chartered Certified Accountants Registe￿d Audilors 118-120 London Road Mitcham Surrey CR4 3LB IQRAA FOUNDATION TRUSTEES, REPORT The trustees present their rerort together with the accounts for the year ?nded 31 October 2023. PRINCIPAL ACTIVITY AND RESULTS FOR THE PERIOD The loundalion is constituted as a eharitabl& inctsporated organisalion and is therefore governed by & conslilulion. The prfndpal actlvFlles ()f the foundation are To advance the relÈgion of Islam Èn accordan¢e lo the Qur'an in pa¢tlcular lo provide facilities for EID prayeis and other religious activiti&s on special days. To advance education including instruction in the Islamlc faith and tgaching classes in Arabic and Quranlc studies To provide or assist in the provision of lacilifies in the inter881 of social welfare foi reciealion or other leisure tiMe ￿cupatIon of individuals who hav8 eed of such fa¢ililies by reason of their youth, ag&. inlirmty or disability. financial hardship 01 social circumstances with the object of irnproving their conditions in life The CIO has nD liability. In the event of il being wound up. the members of tho CIO have no liabilily lo contribute to ils assets and no personal responsibility for setlling its debts TRUSTEES ThB Iiustees who setved during the year and al the date Df this report are.. Muhiden Ali Ahmed Redi Habeba Husan Muketnber Elias Seifelislam Mohammed IQRAA FOUNDATION TRUSTEES, REPORT Icontdl FINANCIAL AND OPERATION REVIEW Review of Activilles and Achievement8 Iqraa Foundation was registered Bs a charity on 24th October 2017. Since its inception it has ¢airied out 88veral community activities for children and adult8. 11 also OTganised educational classes for children in Islarnic studies. Iqraa'5 objective is to use sporis and recreational aclivilies lo &n¢ourage the youth lo slay away from crime, Iqraa organised monthly lectures for both femalE and male members on religious and social malle15 One ol the activities of the foundation is the quarterfy oAlhering ol the Sisters. It is an occasion for the famili8s lo gel togèther for various kinds of social aclivilies and lor fundraising. 1115 the airn of the foundalion is to raise funds lo purchase its own prèmises to run its programmes During the year, the fwndatiork oigani8ed Iiaining. fundraising and promotional activities with 8 view lo raising awareness of the loundalion and lo raise funds lowaids the purchase of a community centre. Future Dovelopments The foundation intends to eontinEJe with its lundraising and prornolional a¢livili¢s. Rl$k Analysls The Trustees of the foundation make every effort lo en5uie that the ptstenlial for financial and operalional risk is redL4ced to the barest minimum by maintaining strict oversight through regular financial management reports, putting financial guidelines in place for staff. conducting regular financial health checks and inlroducing a now financial managetnent information system for effective tracking of income and 8xpendilures. Method of appointing tru5te•s Board members are yenerally nominaled and then elected al aim's length based on their background, experience and relevance lo the foundation's objeclives. When a vacancy arises on the board and a skill is identified, nominees may then be nomin¥led lo Ihe board. Induclion of new board members and training of exisllng members are conducted al quarterly inleTvals each yeaT. By the order of the board Seifelislam Mohammed Trustee Daled. > l (J<1 Jo14 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF IQRAA FOUNDATION FOR THE YEAR ENDED 31 OCTOBER 2023 l report on the accounts of the IqTaa Foundation for the year ended 31 October 2023 which are set out on pages 5 to 9. Respective responslbillties of tTUStees and examiner The ¢h8rily's Iruslees are resporisible for the prepar81ion ol the accounts. The charity's trustees consider th 89,141 103,513 4. TANGIBLE FIXEDASSETS Equipment COST As at 1 November 2022 Additions 10,612 A5 al 31 October 2023 10,612 DEPRECIATION Balance hroughl fowward Charge for the year 10.D12 600 Balance carried forward 10.612 NET BOOK VALUE As al 31 October 2023 As al 31 Oclober 2022 soo IQRAA FOUNDATION NOTES TO THE ACCOUNTS. 31 OCTOBER 2023 2023 2022 5. DEBTORS Other debtors 1,100 1,000 6. CREDITORS-. Amounts falling due wlthln one year Accruals 600 600 7. FUNDS Balance 01-Nov-22 Receipts Paymènts Balance 31Q¢l.23 Unr&strlcted Funds 174,405 106,710 89.141 191.975 8. ANALYSIS OF FUND BALANCES BETWEEN ASSETS 2023 2022 un￿tricted Jnrestrlcted T8nglbl¢ fixe(l assets Current assets CurrÉnt liabilitiss." Amounts fallirTrg due within one ye8r 600 192,575 174,405 {60QI 16001 191,975 174,405