IQRAA FOUNDATIO (Charitable Incorporated Oryanisation 4he CIOI (Charity Re9JStration number 11753351 REPORT AND ACCOUPITS 31 OCTOBER 2024
IQRAA FOUNDATION REFERENCE AND ADMINISTRATIVE DETAJLS FOR THE YEAR ENDED 31 OCTOBER 2024 statu8 The fOa.0 cwffjtsluled as ¥ tharitAlJle Iwor8ted OrggnlIIon Governlny docunt The tharty was est8bli5hed under a wnsliluliun witli objecls
nd KThtrr8 11181 are Govern utKlor Ihfj Charli$ Acts
Charity Comm1651on rgBblrallon 1175335 PrinGIPO1 place gf bu¥ln•& f&) Crn¥n Pwk Road L(¥bdoTr NWIO 4AC rrL18te0s muh0 Al Ahmed Redl Habeba Husan Mukember Elia5 Slekm Mohnma Bankers HSBC 4.1 Queensway Bayswaler London W2 4QL AGGounlants Kojv & Cu Lliiiile Chartered Certified A¢*71$nI$ Regislor•d AudilorF 118-120 London Road Mild)am SuFrey CR4 3LB
IQRAA FOUNDATtON TRUSTEES, REPORT Thc Iru31co8 preGL%nl their report tege1her1th th¢ a¢wJDls for tho erKled 31 OGlobtsr 2U24. PRINCIPAL ACTIVITY AND RESULTS FOR THE PEWOD Tlle lounualiori is consiilulod as a tharitabjts Irthporaled organlsalion and is Iherofor8 go¥0d by a conslilulion. Tho prlndpal acliyllles of the feundatlon 8r8 To advanco tho rnh'gion of Islam in accordarKe to Ihe Qurfan in rrClr to rKovid8 lacililie6 for EID PTHygra pnd ollier roligiouB 8c4MIi86 on 8Pou81 days To Advance education Including in51rudkM in 18knie lailh and teathing d98$ In Arnb and Quranic studles To provide v as$i81 in tho provision Df f8ci1rti in the intefesl ol soual w6I18ro loi reuealion or olhor1tr16ure Ilrno ottupalion of Individua18 who hav• iiuud ol SULJI fdLi11tys by re¥boii ul Ilieii y(MJlli. ¥ge. iiifiiiiiily w di¥tybilily. financial Iiaid5hip or social circurn51aiices th the obj.ed ol irwwng Ihelr eonditions In IW The CIO has no li2bilily. In thg event of It b8ing wound up. the members olthe CIO h8V8 tKJ liabilily lo conlribut? lo ils assets and no personal resporkBibilily ¥elUing ils debt¥ Iiabilitsé5. TRUSTEES The Iruslees who s•rved duriry the year 8nd 81 the date of this rowt a. Muliiijen A51 Alinird Fl¢di Hobcba Husan Mukhmlior FIIA Seifelislaffj Mohammod
IQRAA FOUNDATION TRLISTEES, REPORT Icontdl FINANCIAL ANO OPERATIO14 REVIEW Roviow of Actlvltios and AchlfrvomontB Iqroa F¢Lindalinn was registered as • charily on 24th Oclob8f 2017. Sinco lis incoplionll has c4rEied oui 8evero1 C¢Mnmunily fOr£hdren aTJ adults. 11 also oiganised edwation81 d8sscs for Chten In IslamK slud$. One ol the aclivilles olthe loundalion Is $8fvrlng ol the Si5tew8. It is an LK£aJk)n for Iliv f8mllles lo gei iogether for variw8 kinds ol 8dMtses forfra1%lng. Iqraa organisod monlhty IBdures for boUI l¥iriJlL' ¥iitl lile members on rvllgh)us and w¢i•l maii81¥ The cenlre15 adlvety klng used 88 Ihere daily act186 Irom varioLB commwty groups. The foundation purehased 118 ovm plac• of1>rSh¥) Awl 15.04.21r25 Duiiiig Ihè year, the loundalion organ5s IraininD, lundraiskng aTrJ promotyonal aaivllles Ih li view lo ralsing awarenes$ Ihe lomdalion and to iaS$e hJnd8 Iiywardts the purchsso of a communlly nI[. ruturc DcYrlopmont8 Tho foundation inlonds lo conltnu8 wlh 118 fwdr•sing lo exlended the prMSe lo a¢¢cmmod8lA moro us8rs and promotional arthiSUes. Rlsk AnBty¥is 'Ih¢ TruslveJ of Ihe foun¢JllliOrt mako ovory ollorf 10 gnsurg Ih¥t Ihg wlgnlial for finAnr.iHI operalional risk is r&duGe(I lo Ihe baresl minlffrtjm by main¢alnlrvJ 81rlct ovew5ight through regUr linanr.ial mxnAomenl rpports. PLsMing findno81 lillOI1nes in pjll lor slatt, ¢unducling regular finthi)ciol health chock5 and introduung a new financial mOnagerrn1 inlumxlion sy51em lor plloillve Iiaclliig of Incoiiie utKI ex5)etvthlvr¢J. Mpthod of 4ppolntln9 tr¥t¢0S Bpaid member5 are generally nomlnale.d and Ihert Bl ami'$ length ba%d on thr bJ¢ktJrourtd, oxperi&nc¥ rplpvanrp. lo IhÈ foundalion's obje¢tive5. When a varancy ari5e$ on Ihe board skill is idwiilied, nomineeE may then be nomifial¢xl lo the board. Induction of n•¥ bor?rd member5 bno Ir2inlng of e$tIng mernbets e quwtorty erVal5 y8ar. By tho order ol the board Seilolislam Moliammed Trt15tp. Dated. 271tyJ2a2J-
INDEPENDENT EXAMINER'S R£POR7 TO THE TRUSTEES OF IQRAA FOUNDATION FOR THE YEAR ENDED 31 OCTOBER 2024 I report the accounls ol the Iqraa Fwndalion fof the yéar ethd 31 Oclot)er 2024 which orc scl out on pagLts 5 10 0. Resp&ctlve responslbilitle5 oltrusttrv$ 0x¥miner ThL4 charily's Iruslpes yre responsible for Ihe prepar8lK)n of the arthunis_ The d)athWs IruslfS coiisider Ihal an audit is not requirod fLY this year under sl0n 14q21 of the Chanties Act 2011 Ilhe 2091 Acll and Ihot in¢Jopenrtenl examinatn is n8ed•J. 11 [% Iny responssbllity lo.. xuiiilii¥ Ili¥ wiU¥i ¥¥bliuii 145 ufvw Z011 PKI, lo follow thè proeodur•4 do in Ihb genoral Dwo¢tioTh$ giwon by Iho Charily CommiE510n under 8eclion 14I5Kbl of the 2011 AGI.. 8nd 10 Slnle wholhor Part18r mallers have como lo my attefil Basis ol Indepondent •xamlfie8 report My lixMinatIo17 wa$ GOrrI vyl in awordarK wth the gerier41 Dire¢lJ& yiywi by Ilw Clwiily Coniinl¥ston. An ex8mlnalioii indudes è reviv ol B¢counting recorfs kvpt by Ihe rharily and A rnmparisnn nf IhA afrAHinl% rAprRsHnlgd wlh thTr8p rgr¢ffiI8 11 alwi indudos coribideralion of any Linusual items ¢y disdosvres in Iho 8ccoiJnts. and Seeking explanolions Iruni y()u as IrL151ees CDncèMir any such malleis. The prDcedure3 ufKlertaken d) not pioviile all the ovidence that would be Tequii(xJ in an and Gonsequenlly no opinion is given s lo whelher Ihft ac£oiinls pre&enl a Irue 8nd It¥r vi9w and Ihe re[1 ts lirrited to Ihoso maiipr$ sel out In the $iemeni below. In r.rJnneclioTh wilh my PK8rnin81ion. no matler uxne to my ten1K)n' 111 wlii(Ji 91¥¥¥ mv rcasL>nobk 6uuso lo buliovu Ilwl In ony mat81ittl r?5PVGt Iho roquircTncTrl3: lo keop acuntsg records iij accordancp. with 130 01 the 2011 Acl. and lo prvpuro accoun15 vlhich accord wilh Ihfy awnting re&Yds and ryJmply viiul tho roquireinenl¥ ol the Z011 Ad ha not t#n tnel.. Dr 121 lo which. in my opinion. attention Shoukl be draym in order lo ene a propw undoislanding ofthe acco151¢ be reached. 2 t17/., Koio Amoah.ArkD FCGA Kojo & Co. LTmilcd AsSUCidlion of Chartored Certifd Accounlanls 118-120 London Ro8d Mitchc?ni Surrcy GR4 JLB
IQRAA FOUNDATION STATEMF.NT OF FINANCIAL ACTMTIES FOR TI1£ YEAR ENDED 31 OCTOBER 2024 unlfi¢l0 unr08tled rotal Tgt•l Note 2024 2023 ItiCOMING RESOURCES Voluritary Incom8 227,643 100.710 DIRECT CHARifABLE COST 97,860 89,141 NET INCOME FOR THE YEAR 129. 17.. Bglnnc8 brought fotward 191.974 174.405 aLgnce ¢a¢ried loard 321. 191,974
IQRAA FOUNDATION BALANCE SHEET AS AT 31 OCTOBER 2024 2023 Note TANGIBLE FIXED ASSETS CURRENT ASSETS Debtor5 t4ank and casli ba&nces 1.100 191.474 321.566 f92,574 CREDITQRS., Amount$ falllng diig Wlthin ono ye¥r 321.% 191,974 321.960 191.974 INCOME FUNDS Unreslrfcted 321, 191,974 Muhidoii I rustoe Approv8d by tho t)d on 271o/ialJ
IQRAA FOIJNnAnON NOTES TO THE ACCOUNTS. 31 OCTOBER 2024 1a. Basis of ArGountlng Thp fiiiandll sialttmenls h3vo been prepared u) 8ccordanGe vth Accounbng arkl Rgpotling by Qharilie8'. tateIe01 ol F4¢tAJmmended Prorlrce appIlble lo tharit40F 9panI)g thir account l{i willi Iho Finanual Reporting Standards app Irelijlld IFRS 1021 lelfeclwo l January 20161- (Charilies SORP IFRS 1021, ihe Rekx)rting Sldiidard applicable in the UK and Republi¢ of Iretand (FRS 1021. loraa Foundal)n m•&ts th¢ deflniiion at a public banefil (mlily uiider FRS102. 1b. Fund AGGOUlltSng Gonoral frJnds repreyenl the lund8 foi tho fwndalkn are not subw io #ny r•strS ré9arding their use and Wdlwlv ¥wJlk¥llvti 1118 yenernl oltho f0uthjtt. Tlio purp060 of pny r•lrf¢t0d fund$ 1$ notod kn thè attount8. 1c. Ineomln9 Yosourc05 GraDl6 $nd doiHlion$ arg accounlgd for an 8cGruai basss. Any Unpa baLaKe Is Jiaied 86 8 debtor in the balance sheet. 1d. Resources oxponded Re¥ource$ exp¢ndod Bre #c¢yJunled loron an otA¥ual basi8. They 8r8 gt)otysed betsén cost of ooiieraunll funds, charllaNe activitiès and governance costs. based on Ihe nalure of the exponse. DeproclaIn of lon9iblo fixod ?EEO16 16 provldgd on Iho Ètraight Iln• b¥si4 t>var Ihe usefi4 exp?Lled lives of the assÈts as fo11th Fqiiipmw)t 50% on o)sl 1f. Rcsources expondod Rosoiiices pxpended aro rocognised in the period in knlmdi Ihey we inGutred. Resrcel i'xyLiIUwJ illblud¢ allribulabl¢ VAT whith cannot be recovercd. Resources oxppllrt4 atInptQd lo Ihp. parfKular actiwly wherc Ihe cost relales dlTc¢Uy 1011141 odivily. How¥ver. Ilie cost ol everall diredn and adMinislI0n oleach aclivily, Loiyiprising lh8 salary and Liverhead costs ol the cpnlral kndion is apportion on Ihe folluwirig basis whith are an e51imalo, based on slaFf brne. of Ihe amount ambutablg Io tiVity. Ig. Unr¢?trictod fund Tlip.sF tre donation5 and other inrA)rnirvJ resowc•8 rffeiwed or 0aled forthe object5
IQRAA FOUNDATION NOTES ro THE ACCOUNTS. 31 OCTOBER 2024 2. INCOMING RESOURCES 2U24 2025 VOLUhfTARY INCOME Don8tlon8 and lundr8isng 227.643 106.710 3. DIRECT CHARITABLE COST Rent 55.000 1,427 T.971 20,770 21 3.472 51.135 1.050 4,612 14.BrKI FLindr2isin9 & $poth9 act1110& Teachiiig co81 Pririiinq & stslionery T6lepl)Dn& Repairs & niairilenyiice DepiLi¢ldlion 3.121 1.?&9 El8nk Ghar9¢• Legal leey 5.653 458 9,239 2,orKI Proffissional 1085 600 g7,650 09,141 4. TANGIDLE FIXED ASSETS EqulpmDnt COST As 11 November 2023 8 11 OdobÈr 2024 10.612 DEPRECIATION Balanco brought lorward Cliarge lor Ihe year 10,012 Balance Gurried Iowdrd 10,612 NET BOOK VALiJE As al 31 Ociaber2024 As at 31 Odobcr 2023
IQRAA FOUNDATIOII NOTES TO THE ACCOUNTS. 31 OCTOBER 2024 2024 2023 S. DEBTORS 011)gr dabtors 1,1rA) 6. CRÉDifoRS.. Amounts falling due withbn one yoar ArLrual6 7. FUNDS Bl8nc• 01.Nov-23 R颕lptB Paym¢fttB BJl•nco 31i1ct-24 Unrè#trlcted fundB 191.974 227,643 Y1.650 321. 8. ANALyvls OF fuND BALANCE$ BETWEEN ASSÉTS 2024 2023 Ut¥>liltyL¥d Jnr¢¥triGttrd -I'angiNe fixed gssels CuirÈnt assets Current Siabililie5." Amwnts Idlling due ¥thIn one year 322.566 192.574 16001 321.980 191,974