Ahlebait Foundation Year ended 31 March 2025 Annual Report and Financial Statements Year ended 31 March 2025 England and Wales Registered Charity number 1180040 England and Wales Company number 10918729
Ahlebait Foundation Year ended 31 March 2025 CONTENTS Contents Charily infonnation Trust¢¢s annual report Independent examiner's report Stsiement of financial activilies Balance sheel Statement of cash flows Notes lo the financial statements 10-13
Ahlebait Foundation Year ended 31 March 2025 ReRistered charity name Ahlcbait Foundation Charity registrntion Aumbtr 1180040 Chariry Commission England and Wales PrlD¢lp41 and registered 41 Priory Gardens Ealing London WS IDY Tryste Syed Flaqar Abb&%' Zaidi Haksnain 7.ahra 7aidi Ali Jofar /aidi Bcnish Fatimah Zaidi Independent examiners K K Associ8t¢s Chartcrcd Accountants and Registered Audilor5 305 Crown House. Park Royal N(ffth Circular Road London NW107PN B*nker8 Bar¢lays Bank UK PLC I Churchill Place London E145HP
AHLEBAIT FOUNDATION TRUSTEES ANNUAL REPORT YEAR ENDED 31 MARCH 2025 The trustees pr¢s¢nt their report and accounts for the year ended 31 March 2Q25. The a¢wunts have been prePad in aOrdanCe with the a1¢18 policics sel out in note I to the accounts and comply with the charity's governing document, the Charities Act 2011 and the Statement of Recommended practice: Accouniing and Reporting by Charities preparing their accounts in accordan¢¢ with th¢ Financial Reporting Standard FRS 102 {Chariiies SORP (FRS102)) issued in 2019. STRUCTURE, GOVERNANCE AND MANAGEMEiYr The affair5 of Ahlebaii Foundation are governed by the Memorandum and Articles of Association of the campany daied 16 Augusl 2017. The charity is managed by a board of trustees. In the Ye cnded 31 MarLh 2025, thc following persons served as trusiees: Syed Flaqar Abb&8 Zaidi I la55nain Zahrn Laidi Ali Jafar Zaidi Benish Fatimah /Aidi The trustees managc the charity. At pnI the charity does not have ihe intention io recruii further truslees. OIKIECTIVES AND AcfiviTIES Th¢ objectives uf Ahl¢bait Foundaliun arc l ) wlvance the Islamic religion for thc benefit of public thr()ugh the holdin8 of prdy¢r and me¢lin8S, Cstablishmenl of rcligious place4 producing anOr di51ributinB priniLd ur ¢ItroniC media on IslamiL rcligion ¢0 ¢nliBhten oihers ab(Trul IslAmic rcligion. and 2) IhL' pfL'vcntion ur relief of wvLrty anywhere in the world by prDviding.' grants, items and services to individuals in need an(Vor charities. or other organisations working lo prevent or relieve poverty. ACHIEVEMENTS AND FINANCIAL RF,VIEW "I'he ¢harity contirtucs to achieve good progrcss in its objeclives. The donaiion receipts are exrKcted to increase in thc n¢xt year. No gr8nl was rcccived from any government organisation. I"he financial position was robust &s at ihe end of thc y¢ar. IUSK MANAGEMF.NT The charilv lakes robust Steps to manage the risks involved in achieving of its aim and objectivcs. I'he Board of Trustees reviews significant risks, and makes sure that they arc taking appropriale measure% to markage and reduce th¢ir impacl. Managers manag¢ resources, monitor rKrforn)ance and have also ¢slablished, and rnanage. an effective internal control environment. This is supp)rted by systems. processes and Procedu5. PUBLIC. BF.NEFIT The charity devclops strntegic plans to make certain that w¢ provide maximum public benefit and achiev¢ our strdtegic objcthivcs which fall under purposes dcfined by the Charities Act 2011. Thc trustees have had regard to the Charity Commission's guidoncc on public benefit.
AHLEBAIT FOUNDATION TRUSTEES ANNUAL REPORT YEAR ENDED 31 MARCH 2025 RESPOLY51BILrfiES OF THE TRUSTEES The charity's trust¢es are resnSIble for preparing the Tnle¢S Annual Rep and ihe financial slal¢m¢nts in accordance with applicable law and regulations. The law applicable io chariti¢s in Engljnd and Wales requires the trustees to prepare finan¢ial statements for each financial year. Under thal law the trustecs have elected to prepare the financial statements in accordan¢¢ with United Kingdom Generdlly Accepted Accounting Pracli¢e (United lQinbbdom Accounting Standards and applicable law)- The truste must not approv¢ th¢ financial siaiements unless they are satisfied that ihe> give a true and fair vi¢w of the state of affairs ofthe charity and the income and expenditure of ihc charity for thai period. In preparing these financial statemenls, thc tru5tccs arc r¢quircd to: Select suitable accounting wlicies and then apply them ConsisAllY. ob5eNe ihe methS and prin¢ipl¢s in ihe Charities SORP. make judgem¢nts and accounting estimales thal are reasonable and prudcnl: stste whethcr applicable accounling standards have been followed. subjecl lo any material dep&rtures disclosed and explained in the finan¢i¥l slatsments: prepare the finanLial stsiements on the going concern basis unless it is inappropriatc to presume that the charity will conlinue in operntion. The irustees responsibl¢ for keeping adequate accounlin8 rccord.s that are suffici¢nl lo show and xplain th¢ charity's transactions and disclose wilh reasonable accurncy at any lime the financial pusiiion of the charity ond ¢nable them lo ensure that ihe financial ststements comply with the Charities Act 2011 and Ihe Charity (Accounts and ReN)rts) Kegulations 2008. 'llJey arc also Tesponsible tor safcguarding the assets of ihe charity and hence for taking reasonable steps for the prevention and detection of frnud and oth¢r irregularities. The trUe¢S ar¢ responsible for maintcn#n¢¢ of corporal¢ and financial inforniation the ¢hwity'S website. INDEPENDENT KXAMINER Fach of the rn5 who is trus¢¢c at the dale of approval of this report ¢onfirnis that: So far as ih¢y are awarc, thcrc 15 no rclevanl audit infornialion of whi¢h th¢ company's independent examiner is unaware; and They have taken all steps that they ought lo hav¢ tsken as a trustee lo make Ihemselves aware of any relevanl independent examination infomiaiion and lo establish that the Compan> s independenl examiner is aware of the infornialion. K K As5(Kiate5. Chartered Accountants and RegISt¢d Auditors. have been apwinted as independ¢nt ¢xaminers for the ensuing year. Signed un bebalf of the Tnltts 41 Priory Gard¢n5 Ealing London WS IDY Syed Baqar Abbas Zaidi Trnstee Date.. 26 January 2026
Inde endent examinerfs re ort to the trnstees of Ahlebalt Foundation a Charitable Com 'the Com an I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025 which are set out on pages 7 to 13. Responsibilities and basis of report As the charLS trustees of the Company (and also its directors for the purpoqek of cnmpany law) you are respoThsible for the preparation of the accounts in accordance with the rLiquirements of the Companies Act 2txkn ('the 2(Xb Act.). Having satisfled myself that the accounts of the Company are not required to be audited under Part 16 of the 2(KKTr Act and are eligible for independent examination. I report in respect of my exatnination of your charitys accounts as carried out under section 145 of the Charities Act 20111.the 2011 ACV). In carrying out my examination I have followed the Directions given by the Charity Comtyission undor section 145(5) (b) of the 2011 Act. Independent examinefs stalement SinLe the Company's gross income exceeded £250,(XKJ your examiner must be a MeMr of a body listed in section 145 of the 2011 Act. I confirni that l am qualified to undertako the examination because l am rnL¥mr of Instituie o( Chartered Accountants in England and Wales, which is one of the listed ixKlies. I have completed my examination. I confirni that no matters have come t() my attention in connection with the examination giving me cause tu believe that in any material respect . accountin8 records were not kept in respect of tho Company as required by section 386 of the 2006 Act; or 2. the accounts do not accvrd with thi)5e records; or 3. the accounL8 do not comply with the accounting rLNuirements of tIOn 396 c)f the 2006 Act other than any requirement that the accounts give a 'true and fair view which 15 not a matter cunsiaered as part o( an independent examinatio or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice lor accounting and rL'FX)rting by charities applicable to charities preparing their accounts in ac¢ordance with the Financial Rcporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no concenLS and have come across no other matters in connection with the examination to whith attention should drawn in thi5 report in order to enable a proper undersiandin% of the accounts to reached. Signed: NamL: Kamal A. Kuresh4 Principal. K K Ass(Kiates. Chartered Accountsnts Membership: Institute of Chartered Accountants in England & Wales Address: 305 Crown House. North Circular Road. Park Royal, I)nd()n NWIO 7PN Date: 26 January 2026 Pase 6
AHLEBAIT FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 MARCH 202S UDreStrI Reylricted Totsj Futyds Funds Fund$ Total Fund5 2024 2025 INCOMF. AND ENDOWMENTS FROM: Donations and Icga¢ies Invesiments 30579 S81,008 611587 492,775 TOTAL INCOME 30579 581.008 611.$87 492.775 EXPENDITURE ON: Raising funds Charitable activities {8J29) 11,620) (8J29) (604,(M)6) (8.325) (483,779) (492.104) {592J86) TOTAL EXPENDITURE 119.949) {592J86) (612J35) NET INCOMF.I IEXPENDITVRE) iowo (I lJ78) (748) 671 OTHF.R RF.COGNISF.D GAIN)/(LoS(5ES) NF.T MOVEMENT IN FUNDS iowo (1lJ78) (748) 671 RKCONCILIATIUN OF FUNDS: Total tund.8 brought forward TOTAL FUNDS CARIUED FORWARD 22ffi66 26335 49JOI 48.830 &9 33396 15,457 48,753 49,501 Thc Statemcnl of Financial Ac¢iviti¢s includes all 8ains and losses in the year. All of the aknve amounts relate to continuing aciivities. Th¢ notts on pag¢s 10 to 13 forni part of these financial statements.
AHLEBAIT FOUNDATION BALANCE SHEET 31 MARCH 2025 2025 2024 CURRENT ASSETS Debtor5 Cash at bank and in hand 36,1 13353 35,000 15.101 49J53 50.101 CREDITORS: Amounts falling due within one year (600) (600) NET CURRENT ASSF.TS 48,753 49.501 TOTAL ASSETS LESS CURREfiT LIABtLITIES 48.753 49.501 TOTAL NF,T ASSETS io 48,753 49.501 FUIYDS OF THK CHAIUTY Resiri¢ted incom¢ funds Unre51riCted incomc funds 15,457 33296 26.835 TOTAL CHARITY FUNDS io 48,753 49.501 "1IJLbe finaniial stal¢men15 wcrc approved by thc fioard of 'frnstees and arc signed on their beholf by.. Sycd Ilaqar Abbas Laidi Trusiee L)ate: 26 January 2026 The notes on pages 10 to 13 fomi Irt of these fman¢ial stst¢m¢nts.
AHLEBAIT FOUNDATION STATEMENT OF CASH FLOWS YEAR ENDED 31 PAARCH 2025 2025 2024 C&4h flows from opernlinR activitieg Net inwme (748) 671 Adjusimenisfor.. oreign Lurrency gains Other inieresl receivable and similar income C'hun¥es in.. Trad¢ and oth¢r debtors Trdd¢ and other creditors (1.100) (5.(M)O) Cash generated from operations (1%8) (4,329) Inleresl received Net cash from operating activities (1048) (4,329) Net IncreA8e l• cb and ¢h equiv4lents (1048) (4,329) C#¥h and equlv*lents Vdt betiDnlmz of year ls.ioi 19,430 Ch and cAyh equlvalents •¢ ¢nd of year 13253 15,101 "Ibe notes on page$ 10 to 13 fonn part of these fmancial ststements.
AHLEBAIT FOUNDATION NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 AccouNfiNG POLICIES Basij of aceounting aDd geDerd information 'rh¢ financial ststements have been prepared under the historical cost convention with ilems recognised at cost or transaction value unless oiherwise sled in the relevant notels) 10 Ih¢se accounts. Thc finAncAal statements have en prepared in accordance with the requirements of the Statement of Recommended Prnciice: Aecounling and RertIng by Charities preparing their accounts in accordance with thc Financial Re)rting Standard applicable in the UK and Ireland FRS102 issued in 2019, and the Charities Act 2011. AhlLbait Foundation conslitutcs a public benefil eniity as defined by FRS 102. It is a privat¢ LOtnpan>' limiied by guardntee wiihoul share capital regisl¢red in F.ngland and Walcs and a re¥isiered chariry in England and Waks. a) Funds 8¢ru¢¢ure The charity ha resiricted and unresTrictryl fijnds. Restricted fund.s are cal¢8OTised as restricied hsed un ihe donors. re5tri¢lions on the proj¢¢ts for which they must bc used. b) In¢ome re¢ogni¢ion All income is rccognised on¢¢ the charily has e1Ved the fund5. or the donor has committed to making thc donation. Thc TTus*es consider ihis ID the appropriaic and prudenl principle. c) Expenditure re¢oetrltion Ixpcndilurc is oniSl.d when ihe funds hay¢ been disbursed. The charity follows a stri¢t ¢valuaiion and approval proccdur¢ for charithblc cxpendilurc and funds arc disbursed immedialely upDn approval. DONATION AND LEGACIES UDmtri¢ted Restricted Total FuDds Tolal Funds FuDd3 Funds 2024 Dongtions Donations UK Gift Aid $81,(N)8 611J87 492.775 30579 46&136 61187 492,775 Rutricted Total Fundy Total I'"unds Funds 2025 2024 INVESTMENT INCOME Bank interest inwme io
AHLEBAIT FOUNDATION NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 R¢3tri¢ted FuDdJ Totsl Funds Total Funds 2025 2024 OTHER RECOGNISED GAINSIILOSSESI Foreign currenc> gains CHARIT ABLE ACTtVlTIES Unrtstrlcted Reslricted Total FuDd$ Total Funds Funds Funds 2025 2024 Ch4ri14ble expenditure Governan¢t ¢oyts- dmioistrntion 592J86 592J86 11.620 477.022 6,757 11.620 111+20 592J86 483,779 The chorilable ¢xp¢nditure wa5 iUrred in accordance with th¢ charity's objects. DEBTU 202S 2024 CJifi Aid e1Vable Donation Te1Vable 36,100 35.000 36,IIKI 35,000 CREDITORS: AmouD¢$ f$lliDe due within othe ytgr 2025 2024 Ai¢ruals 600 600 6(KJ 600 UNRESTRICTED INCOME FUNDS BalDce at 31 Marrh 2024 Incoming Outgolng Balance al resource5 3] March 2025 Unrestricted funds 22th66 3079 {19,949) 33296 li
AHLEBAIT FOUNDATION NOTES TO THE FINANCIAL STATEMENTS YEAR ENDEO 31 MARCH 2025 RESTiucfED INCOME FUNDS Bglance ¥t 31 March 2024 Intoming Outgoing Balance al re50urtey 31 March 2025 Restricted funds 26335 581.1)08 (592J86) 15.4S7 10. SUMMARY OF AETs AND LIABILITIES OF EACH CATEGORY OF FULYDS OF THE CHARITY Unreatrieted Funds 2025 Restricted FuDds 2025 Tot¥Jl Funds 2025 Dcbtor5 Cash at bank and in hand Creditors (falling due wiihin year) 21,1(MJ 12.796 15,OIKI 457 36,100 13353 1600) (6011) Net Issets 33396 15.457 Unrestricted funds Resiricied lunds 33396 33396 15,457 15,457 Total Charity fundi 33296 15,457 48,753 Unre5tricied Funds 2024 R¢strict¢d Funds 2024 Funds 2024 Debtors Cash at bank and in hand Creditor5 (falling due within year) 9.0(M) 14,266 26.000 835 35.000 15.101 (600) (6LX)} Net assets 22,666 26.835 49.501 ljnrerICled funds R¢stri¢t¢d funds 22.666 22.666 26,835 26.835 Total charity funds 22.666 26,835 49.501 12
AHLEBAIT FOUNDATION NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 TRUSTF.ES AND STAFF COSTS None of the 'frustres have been paid any remunerntion or eXnSeS or received any other benefits during Ihe year. During the y¢ar ended 31 March 2025 and the Preceding year the charity used consultancy servic£s of three personnel for fundraising and adminislrati(m. There were no full lime employees. 12. RELA TED PARTY TRANSAcfioNS 'I'he total amount of donations received withoul conditions fn)m tru*¢¢s or other related parties amountcd tu £526.600 (2024 - £396,000). The rclaied partics are related due lo bcing under common control. Payments to related parties were made to Ahlebait Network l.ld and Ahlebail TV Networks amounting lo £423,713 (2024 - £165,IKKI) in rPect of ielevision production and iransmission Losls which are incurroj by those companic5 in furtherance of the objccts of Ahlebait Fuundation ¢harii)'. An amount of £36.1 ¢10 {20?4 - £35.000) from relaleil parties was includ¢d in debtors as al 31 MIlh 2025 and was r¢ttivcd afler year ¢nd. Except f this Ih¢r¢ w¥r¢ no balanccs duc io or fmm relAicd parties. no guarantee% or untIeS were giv¢n. and no bad debts were writt¢n off. 13