¢harity reg¢slr8bon 118178 comp reglstratkn rNMnber10S8S970 {EThUnd and Walesl HINDAWI FOUNDATION ANNUAL REPORT AND UNAUDrrED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
HINDAWI FOUNDATION LEGAL AND ADMINISTRATIVE INFORMATION Trustaos Dr Nadra (knidgt P1 P¢lw5 orre lQt¢hin Dr Khaknl Hr S¥nk mana8emgDt personThl DrAhrn HirKkn ChEf execubve offir ICEOI charity number 1181788 Company number 10585970 Roglstored offi¢¢ Yotk F*xJse 41 Sheei stre WThJs BerkshY8 Er&land SL41DD
HINDAWI FOUNDATION CONTENTS Pa98 Indepdent exarrir*rfs report Slaterntafra[Kjal admks 8818rta sheet Note5 tothe tinanrAalstaternents 9.19
HINDAWI FOUNDATION TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2023 Th8 trustees wesenl t1r annual atKI Ina[ IlheYeared 31 Decewkner2Q23. firhonuel slolem¢nts hevc b¢en prcwred in x¢>ydwtt%ith •wounbry xt wt M notc 1 to ihe finynciol sialemenLs and comkly with Ihe charitatle ¢<¥mpanS tyweniiw tkwmwll. Ite CtynpaThes Aci 203j.AC¢Quntsng and Reporting by Chanbes." Slaternentof Rec(JrnmerKled Pr&trE to ththes weparing thracOUntS in accordan with Ihè Finanual ROrting Siandd apph'faAe n tt UK RewtI of Ire&nd IFRS 1021" leffédNe 1 January 20191. Objedives and a¢tivrfs Mlsslon Stknent Translating Into Ara)iGand putAthing lllerdryw¥ lirKkKlYw scierti. ar8]. a(thK. other non-fictK)n klional works). PubhthTYJ or rUbl$9 littytrks ctyinally tten inknbt lin¢knJng s¢ntrfi¢. 188md. 8cemc. oihor on-ficton and fith(N4al %voiksl. maki translated works aThl ArdtrAccont£ni fveety dltlY avalab. Th8 catslysl [lhe ¢xeatn ol the Hir1 Fwrbdation Wds a UN fkveynetbt FU rewL whth 5ts1ed..'For Ai SOC15. translati is a formKla)le chalervJe.. the nutrberof tXK5 tsarated in the ATab wortd Iper ye311 15 on8 fifth of Ihe llvm transbied in (>eece marked ti•Waiions clty8 bcths philoswhy. lilerawre. socKltyy. and the Dawral scY4rKes is quitg evid8nL" Hind?1 Fwndati¢)n was created lo meellhal need. Athw stxne pr(wss has been made in devel¢)FYnent of book nduslry in inb in rKenl yea@. avalty te[nan&SLzr. translati ling arKI olan 0ft8n iconSisienisndard, attess iowx)ths YeSt (tsttries in theW$pakIng worfd is pr(bWatsc prohibned. The FOundatn airns ta transfo the literary kn15cape ofthe wrNnunthes amurnl the globe ty providing a perM8Tht. online liLY¥y irfthought-provokirwj. interestry. atMI ¥1 ficti notFfictiM M>rks. freely availatl8 to any¥ak[7lti acce8Stotts intgm Activities Thp Feund8tn seeks 10 its obpuivts th[Ou aven. tranya1 d lrtÈrary worfts from En¥i$h and Olhw Lgnguages inio Ar8¢ the r8-wW¢abty) and ofAraticworks VJthKh algn 1h Ihe Fwidabty)'s tiitaria. English land other) langUe acquisitions l&e kne lorfft o, both ¥¥arks in cop[ forTrAthth the Fwndation newtiales trslatIon Dghts wntracts, an(1WkS whth have enter the doaIn. l¥(wks are Fthlthed on the FourOabons website and apps. The FourKJa1n also prnls a se Thjtnber of b5 in tr&e papert>3d¢ format. which are made ayalab for Sale thN1th retailets arxj al bc(AE far6 the Easl arKI 14orth Afvra regK)n. obj¢¥t8 The Tslee5, (tycbve5 for 2D23 Indudpd.. Increasing fgn acwisth Expandng the output of Alab knguage w The Objecti of increasing wll make addthona 3rKI rnore ¥ari8d litwary works avaiLae for pubkncation. while expanding the outy)ut ofA'abK larvjuay ah'gnswith thE Charity's of makiry a¥alable original AraC ierary w(Kk5, Lxrt at a greater scale. Effort5 10 Fou[Klan s Sour aemnstrats ihe Truee&. COn51deralion that the n9.terTh oullwk fortre Fou[ali thal ts C1Ue lobe needed fordecadestou)tne 8nd therefryy Oversfica*cm ¢Y a styis rsk Mat.
HINDAWI FOUNDATION TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 A¢hlvom¢nts p0rfwma In 2023 CaIerQarr F[rtiOn 66 aValab arml wbkshed 4(X) in the LHnguage. The FOUndati'S new wNicakn5 In 2023enAe(J beTrthCles to have free 5S to hundreds of weviau51y unpublished gr wavailatle w(¥ks In Araknc pjVide stiT[¥jn atvj erKourage lheenPynl of lileraiuFd. F(Yeign language ar411[$ detrased from 2022. jt$W[Ad ir excess 1.6 rnilh)n'Acrts of wpyrighted Vio$ for trSon. Translated word5 tata"l&l than 3 S rniln. th toia (Arab) (Sgtsj works pubISh pxceeding 15 minion. The Fwndation'8 user ba$e £(tin to exp1 n 2023. wth mre uws TNore b)k$ar litaure Ihan e¥er before. Acce65 to Ihe HITrda FoUatn5 WtAKalwJns 15 Df key benBfiI lo AtabKsp8akeT5 in volatile. insFCUtE. IDven5hed countrieslregions where tr¥ditKnal rwte5 of¥cess to literature maywdl be pOS¥e. TrE FoundKJn's web$le and ¥rps. en3bd mY Arab speakers lo ac(xss an otAine literaiure h"braryof utque depth and Ereadth. Thp TSlee5 ha¥e rebBrd ta the Charity C¢Mn[tws5i(SgaB pulAbenfft. Financial review H1ndal Foundati(M'5 £21157312022 £115.3NI. chtab eWErdUre totalled tD £WJ3.055 12022.. £588.6601. Pur¢hase of rigms for 8tswlsitionsac&fited lor 98 49% ofccwii9hts expenditu. With nWaIS ol Xlsting p)ntrads lo11rj 1.51%. Running costs contime to be fun(d from the sigthnt lutr¥ed} gft iecerrfed n 2021, wlmch has subseqtIY been vested byTrustees whi th8 ChtyWl rKeive furihgrfutvjry (rfftr lThe is athvety dive[5rfy9 funding sourtes. the Trustees. assessmern rerrkAins Ihatlhe re¢eNed swd ¢tyrthe nJnThThJ castsel ihe FoLmdaih)n for a nun)er of ysars. Inve$tm¥nt pollGy Trustees rsved ihBI IhB Qvfrall o¥ecbve FOutin5 ItNe5tstI PoIY rs tOneale irptx)tllE tu furKI Ihe FOua'S ws. wtrile rat¥Jty dring for eeXParWon ofthe Fwnthtion's programfts to further th& Charitys Oe¢bves. The Fnon has a Iwj-wm ouuook. as 50y6ars u$l0 achieve its otyectiyes. Both ¢8Fiiland Inty)m& may ba used at any tyne fcrlhefLrtrrance HiThJawi Fourvjalion $ ams 8nd therefora th• pothalio is to be managed a toFal bags. The FoUat is pellnit to make WNhthawas frorn capity to supplement any incryne gtr)eraled by Ihe 10 nwt trt Costs asscwted th runnng the Foun¢L3tion and lo fin specifr tKoiects. where necessarh. The Charty's r¢e$ rnn wv donatKME. Chanty's Inveaed frJnds a an rnana9ed. medwm nwtrassei diSc¢twry pff10. IheTrLtsiees ar8 nol w88enly r8quiimg investrm8nts lohere loanyskwfK ty ethi¢ cY)n$¥1)n8. ResetVe8 wlfj¢y Al present. Ihe Chatity's PDlw rs la mainlan a rninwnum [eelO[lh ctinued TnainIeTran of fv FOundatn s (line publishiro rlattwns. I1ling fv)Js lo (JInDule 10 rMJal t¥x4( f$. Current res8ry8S tcial £5.804.12512022.' £6.D34.7B4I There are currenuy m restr& fun(ts.
HINDAWI FOUNDATION TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Rlsk managovnent 5t4mqnt Whik tre Hin(tswi Foundation cp8ratesitrin reco8 sptrwfr. TnjsI AJentthed a nvffer of 6peok and oIg ns". l. RÈstitiK)n of putAishing pL2tfom rTh)51 ITneiatety Severe [k10 tt)e Chatity's a1Y10 fumq its 4ated OWbve$ extem81 rtsk ol 8 $1ction of puyishiw F4aifNms. vhichwould prevent bertfiwries trom a¢ng nIeTrI. Tris 15 a KI¥Y r6k ¥rKY we which the Fwndation has alrea(ty had to nawate. The mrigatK)n is to rrake evey effut lo ensure our conlenl al Visiy187l and bl politically r19Y neU- witrin otthe t>s0eCbVes0f 3blIng asS to krpowledge The F(xJndabon a150 rdease al w(¥ks wdera Cieative CCrnrs li lo enable wider &SS and use. Chrty i¥ aho. where p0sble. bokity 10 8s13tlish rEla11p$Wth g)vemwi cens(Ythp toJEs. these efforts appear lo have had a tx)stive Ynw. restrictw ol wr wLshing pkttorrns remains a MaiN risk 2. Adrse govemffleni pdicy Adverse goyemrnenl wliGy in reLtn to operation olfaren tharitE5 the lertitcry where tkE CharityssubsKliary presants a wtenti81 risk. Enswmy TrLtsW and nK man89eftni are aw¥8 poiitul d&Nlopments wIln countries F) which ihe crty werales and nKl1{A)rtg of kgal arxy Ihawes have been blenlthed as the rnan mibgations. ced Stre1 oflhe Hnd Fwndation 5 tYand_ atyKle Open publi%hing the Ch8rity'$ aims and cle¢ve5. ml¥at$. arKI Trustse arKI Staft detsiLs- may ru¢$Ie Iik4ihood 3. Dependency on incon Scwr The Chanty wesenly in a Str lunthng rAon li medrn knn arKI is adi¥dy d•"ry its irrne strceS. Hvwyvei. B5 Tiusle¢s hav¥ Identifi¥il ttie knig4¥1111 vlt1 FwtKtsIiw as-50 plus lo Ils Ve5.. dependency on inco Sour a K$erate futhjre [ktothe Cty.) &tles. rfcurrent WOi8Ct eXPilur remains U[hanged rythut an irKrease In jtKOmE. StruGtur2, yQVEwwbanL¥ awwj TW ¢Wfjly Is controlled tyy ts wv?m9 do>Jnwi. Ir ofAs%oabtyl aJOPt80 ¢n 12 08r2018. 8nd onsbtules a Iimrted company. lrnted by gu¥dntee. as defined by the Compar.Es Act 2tKffj trustees, WIM) are also the drECttrs Kxjtm of(xJttwany knv. serveddurirvJ the year and up 10 the daitr of SignstuOftha $t8lemwls ww8- Dr Nadia Oweidai Dr Nagv4a Dr Ahmed Hindawi r P8uI P8lws Dr Andrew Kitchhi Or Khaiea p4-Hr¢ub Recru¢trJenl and apwrtmentoftwslees The eMsting Truslees are reSe fOrthErEcwthM of tyTIUS1S. seledll Tru5te85 is a Ctate process p8rtthL8remphasts pb¢ed irthK1uaL% 11 a dfvert perspe¢we. as t1 as relevani sknlls 8 expeiioncè to th& board. Poienknai TiustS by y exL%bng ru8te8 and arè IhBn th8Lussed rtemaly. befo a forrnal Inwl8bon is eXitred. PoteNi31 Trueesare gw) itaiLs Frall'S charit&Sk *rns ar tlies.11 they agree. ae then 31 Ihe subsequenl TnJ5tee5' r.
HINDAWI FOUNDATION TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Manag¢m¢ntand I1$00n Stru1T¢ T[St the overall direct of itharity t0rethat alun TIh FndtK]n'S aims objethv Unless deCIsnS are deeEd to rdale to knntetrn finaru Tate to the Chanty's thiecbves. or staff have $petsfKalLv iequesled Tru$i8e input. then Ihpy at8 delegated to 51af,. PrL¥JV and gf tS is und8rtak8n by ihe Hindai lor Print and thStril0n ICafftregL$tered ¢nY1 a whdty e sub%iliary of HindawA Foundati The TrusLee bty seets lo tile Boardsvaied ese sknls as patof internal impiovern2ntand training. Informa meelngs to share experknse and are erur. Charity staff a5sislithTru5tee induction. Th2 Charty's Chair of TrUstS. indiscUssWrth Charity Staff. wlatty assesses the 1palIbe5 ofthp Trustee txxly Ènd recaNwnends any tranino IhwJhl to btr0fvae. TIE FndalK)n ¢oes rrt)I have any txocess setbry Pgy W)d remuneratiw. Hov. staff sa8ty offers are broadly comparnb to gmiLir Irthsty )s. At present no enwoyees nave i0ts1 t)enefits rer £60k. trustees. atproved by the Board 0fTne$. Dr Ahmed Hindawi Trustee 3D Septerntr 2024
HINDAWI FOUNDATION STATEMENT OF TRUSTEES. RESPONSIBILMES FOR THE YEAR ENDED 31 DECEMBER 2023 Th8 trustees, wtK) are asDthe dreLx5 of HiTrJawi FO31 for PLfk¥)seofL¥YTrP3lly L. res5b I(p[en9 Ihe TruSE$. Report and Ihe financial statemenis in ac¢(wdarte Lw United Kingknm Ac¢ountin9 Standards Iuniled Kingdom Generally AccepW Acc(79 practi}. Comp8ny Law requres the Iru51eps to prepare fin2ncwl slaterr0re fvanual yeafwthKth give atTue atwjfair ¥W of the State ofafaiTS oftteharitable ecynwy oftht appl11¢ of rute8. 1rdL¥l9 Ihe Icorr and eXpaVr&. of the charitle Dhat year. In wepwng these finartl slator(nls. tnkstses we iwjwred to- -sdath suitaYÈ aNlthÈn appty - d)seNe the melh(hlsand pmrarles in [arit SQRP.. . makelrents e5timatesthat are rednth prLxIl . wepar8 financ1 statements cffj 9onJ bass il Is r18pwwats lo prasuw Ihattrfr d)8rf1ab otnpany contiwe in Qpernkn. The trustees are re5Wnb fDr keetxw adewate accfjUnti reoyes th3tdk>Se wth reasDnable accuwy al anytim the finarKial posrfit>n of the Gharrtab coryyany a1 lo j[eth3I the 5talefflents cOpIY %vrfh the Comp8niesAct 2006. They are ¥lso resptr)s4)k ftrsafegu8rdiThJ assets ofthe tharit*Ae ¢tsmp¥ny he taking 1&asonae steps f its preVenb aThJ delectKin d fraA aTrJ (kn" J1¢8.
HINDAWI FOUNDATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HINDAWI FOUNDATION I r8Wrt to Ihe trlee5 my exatr4nalKJn vfthe statw[LS HIa Foualw (the dwTitable pany1 for th8 yearendÈd 31 tkcember2023. R$sponbIllIFy arKI basls of report As Ihe bust888 ofihè th8riiabl& la akn its fortr purp)ses of¢tthpany tawl ycv ara respcfisb for lh8 pr8P8ralh)n of tre finaroal SlatntS in &ctrdarK87th r6Y41irwnts canS Act 20 (the 2006 Adl. Hawry salEfied m)seWthat the fin3noal StatetS of the chwrf3b coryanyare ml reqUd to bp audile(J under P1 16 of ihe 2006 Ad and el19b lor I[ee[enteXa[n31Ln. l TepL¥t li resp& d tny examinabDn ofthp Charitab cc¥npany $ fIrjaI staiements wned tyjl un(1er sethk)n 145 ofthe 2011 Ittre 2011 Arji In ¢aryin9 out my examinabon I haw fo1$d all the aF¢licabie Ch"r8¢bS by the ¢hwty co1$s1on urykt section 149Sllbl offv 2011 Act. Independent examinees statement- rnatter of conGun identrfd I have com[,leled Thy exaninaliM. I he idenlrfEd tnatter5 ofa[n Ihat we rea51)nthlp cause lo bel¥2 Ihatth£ finanoyal slaternenis prepared for the rvJt fuly (YJTrWrI the COting requiremenb Df 5ectson 398of the 2006 Act and have Th)t been prepaed [lY in ordance Wilh the MEtS and prmciples otthe Jiatement ol Recommde(j Pra¢tsc& foi a¢wJnbrwJ aryJ repmffjg bycwis. Tn8se faal tamÈnts haws b86n prep¥0d In pourt sierfing whith Is not conw(Jered iomeet the rnItiOn ol wesentstKnal currew sectiw 3.13 Oft SORP. The presenlational CrrenCY has been 35se5sed to be US Mat5 fOrtt yearto 31 Decnber 2023. I r.nnfirm tF471 nTr ()Ihpr matte.rs haTr. rA)Try. fri my ilh IhPP.Karninal gmng tnp rau. lo bdipvp. ttrwt any rnaterial respect accountiry recor(15 ¥ver& tK)Ikepl in resw the Clab 4xwnpany a5 sedion 386 of Ihe 2C06 Act., or Ihe financial staternents ¢k> notac£cwd ith tkK>se re)rdS.. or emcepl lor Ihe m8w ofcmcem ned x)ve. Ihe tla1 sia.'ernents (b not crnpls wlh lh& entIng r6quY8ments ofse¢bM 396 orth8 2LK)6 Act other than any rtqWWWl Iallhe tniS a true and frvw Yihi¢h Is wi a matternderett as part olan indenI exJninalion". or eictrpl tor Ihtr msltw Of¢¢&n ny above. the fn¥rtial siaithNs h& Tr)1 baw kY8w8d In a¢¢CKdar wlh the meth(hls and princyS of Ihe StalemertofRecoMend Practi fOrcOunng reptting by charitS alble to charitie5 wepamg thra(coUntS in the Fhnancwl RetxKbrvJ StaTKJard aPiCaLle in Ihe UK and RepuL4ic of IreL4nd IFRS 1Q21. I confirm Ihal Ir are Th) Olher npii8rs in wlh ihe aminaiTr)n by•h 8ttwtK) t6 dra m this r8P)rt orderto fffiatAe a prcper undersanding of knefinancd statements to be reached. Daniel WesDlowski, FCA FLB Audit LLP 1010 E$kdaitr Road Winnet5h TTiang Berksh RG41 5TS Da.. 30 S9Ktsnw 2024
HINDAWI FOUNDATION STATEMENT OF FINANCIAL ACTIVMES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEM8ER 2023 Uwostri¢tod unrOl¢tod fund5 funds 2023 2022 In¢omo fw: Donatior6 and lllveslments 134.338 78.235 38.443 76.861 Totsl In¢om 212.573 115.204 Expenthtur¢ on: Raising furKIs Chtab bvtbes 130.4281 1962.6271 132.5141 1556.1461 I3.055> ISBB,6601 Not IncDrn2 1780.4821 1473.3561 Nel gd1[1(yJyesI Lvi i[IvestrNet 12 549,623 1623.S)Dl Net expenthiure and mo¥ementln fvnds 1250.6591 11,096.6561 R8¢on¢fjiiawon ol funds.. Total fvnds trKwhtfarward 6.034.784 7.131.440 Totsl hjnds f(Thard 5,804,125 6.034,784 Trt st*1ernent naral athiits Ye$ all gair6 k6ses retc9 in the year. incJ)me •)d expeThyiure derive
HINDAWI FOUNDATION BALANCE SHEET AS A T 31 DECEMBER 2023 2023 2022 Flxed Bssel¥ Investtnents 14 6.155.028 6.182.9 Cuvrent assets Debiors Cash at barlg and h ha 16 149.621 187.154 5.146 336.775 220.338 Crnditorn: motsli1n9 wilhin on• year 17 1687.6781 1388,4601 t ¢urrent Ilabllltlos 1350.9031 1148.1221 Totsl assets less cuThent liatHlibe¥ 5,804,125 6.034,784 lunds ol ¢harltsbl¢ ¢ompany Unrestrid&4 futKJs 19 5.804,125 6.034.784 5.804,125 6,034.784 Trt rtyMp8ny E enbued to Ihe exeTryk frrAn iheaLlit wiryw0laIryed ki 4T7 afthe ConynEsA¢t 20t6. lor the year endad 31 December 2023. Thp directo acknithae their rest5MIthes foraXnp.rvj wth th2 requrernents ofthe Ci>fftpanAGt 2(136 re5P2Ct trj accounbry record8 and the wep8ratrm $18tJiients. The membES have wuire(I Ihe cornpwy an audit of rfs fuwrKial str1ent5 yw In qStion in accordancewth sect 476. Th8se ffinaal staLeThents have prepad withlhe WO¥iLy}s apk4Kxbl8 to cxThpanies &ubiectto the small (xxnpanie5 regiTr. The finanaal 5tstements approved by the Board of TSleeS aHI OriSl for on 3C September a)24 and were red on Its tEhaN by: Afm¥d Hin¢8 Trustee Charity reg$irabon numtr 1181788 Cowany regtrati( Nner 10565970 IEn9L)J aThJW*sl
HINDAWI FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 AOUnt9 pol195 Charity inlarmBtit Hind8¥w FwnJalion B a kyivats c(wryany by wararrtee. in EngWd ar Waks. and consequenlty 5 not have 5harE rdptsl. T%wJ ofthe Iru5tee5ae lth to (¥)tthLwte an att¥Junt not exceedirvJ £1 towards If assets of ¢hity in ewiioflKwAJaits1. The regi1¢YEI fIpanY 10S&fj970 and11. rethl clwtyThJrDber 11R17&A Thè rtyistwed offe tsyotl tr$e. 41 Sheet StreEL Berkshire. SL4 1t)D. 1.1 A¢¢ount•w conventi The finanoal stalenwnts hale bew in a¢ctKdarK8 thilh Ihe Chgrib"es Ad. Ihe Cffiipanies Act 2006. FRS 1tr2 'The Finanoal ReporbrvJ Stsndard ar4Yrable in UK aThJ of Irelarf" I'FRS 102-1 tr Chariiies SORP 'Actwnting and RepOrtg by ChantEs'. $talenrI Rec71 Pr•ce 8PFIaE lo charitEs prerering e1r acaiunts in ance wth the FI[0 Rewtlw sta[ard aWKab in the UKatKI Reputlic of Irdand IFRS 1021. lefVe 1 January 20191. The tharti#)le B8n8frt Eniity8S derp by FRS 102. The finarKial si8nts ar8 twared n p)L•id stsrfity. kknieiary u5 f¥al sialentS are rolmd lo the ne8rest £. Thp finannal ten UrKrrt. Ix)Rt wrfh Ihp. nf Irwe.st.nt5 which are included at fflathel ¥ae. Thp tpa accountiTrJ [MAleS adDpled are 5Et bekAy The Company has taken thtage olitr uythr sen 399 ofthe C¢npans Act 2006 lo prepar8 consolht31ed accounts. on basis that Ihe gra afwhth ths is en"qu1eS & a srnall gra. The financkql statrxnents Infotrnati thil the Comparw as an itKfvKknal efitiiy a[ rM)t atxwl its gr(w. 1.2 Goln9 conc8m Al the lime ofappwty ihe finaroal SIm. the tyusteeshave a re8str)able expedabm that the cPorit8ble company h8s equate reswrcestoc¢nknue m tyatiOnal existen£tlcithe fNeseeabk futwe. Thus the tsustees Confjn to Ihe CO In Fwathj 1.3 Ch8rit8ble fun Unl[d avawe use at the dwetNm ofthe tru5tee5 fvrtheratKe 0ftherthat1tae Obtr8thv. 1.4 In¢omo All IrKomo Is rwnised in siat•Mnt of Finartl ktivth8s c¥Kèthecarty ha$8ntiIietTrw to ts funds.11 OW8 that the Inc8 wll be receNed * th8 arrthmi cw be nwstsred relably DonalK)n inc(wre Is r8cognwl rew¥. Gift Aid reC¥Va is iecegrTh$8d in iir¥M when Lhere sa ¥81 Gffl Aid¢tscL¥81ion 8rvJ ih? dOn8n h8sbn re¢eTh8d. Interest on ndS on dwrt is inCld Ytsn receivable and Iheamwnt Can be rneasured rdi8trAy by the charty. Ihi% 15 normaly won lIfts1n oflheinterestpad or payab. Dwends we recrgnised (rte trt 9$ teen dedartty ar has W rewved Of1 div due.
HINDAWI FOUNDATION NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 DECEMBER 2023 ACcoUntw pol•e$ (Continued) .5 Expenditure Liabillies are rnIsed as eXPthre as 5(KJn as there lega ori¥JnsIrkn oblwation IxJrnThittsng the thartty to Ihai expgndiluit. il B w¢bablB Ihai 8 trans[werVC ter1$ bo Nuir¥J in settknn¥ni8nd ts amunt oflh Obl¥¥t Can be nwsLred reliably. ExpPrKIlu is WA19(1 f(Y basis has bew d¥ssiW utKknr heathtysthal aggwatsal cost related to Caory. Where costs dveLth attttsrted to partiCUr he15 they have been alk)G41ed lo ¥cr1e5 on a conswent the ofreswrces. Expgndtture on ¢h¥rtrable a¢ifvityes chantats expendrture mtllPn5es CL1% by thetharity in treddwyofits athiliE5 and setvKes fo its beneffies. h iTrdLKJ25 tx)th (xth Ihal can bp alLKXted dwEdly to 5uth a(knibe5 ItrK>se costs of an Itl[£ct nalwe n&¢8sw 10 support Ih8m. Support ¢g5ts Govemawe cos15 indude the vjsts tittrNJtab tothe dtitls1yxnpla Y4ith Cx)[tutKal and StsbJtcry quirements and hove been 1ndLd as suppm costs. 1.6 Flxed ass•t inv•stm•nts Inwasimenis ara a form cl b8$K fina1¢1 ar arn piit• recwtsed atth&ii trs•ts) valu& a subsequeniiy measured al ther lair val as ai the stsltrmenlol firwncia twlion dale using the dosYrtJ qiJoie(I market pri. The ststerrenl offinaicia indththe rt gain5 and arising on ard dwa5 throughout I ye. All 98ins bJs$888re taken 10 stsw(MofFirwti Athvibes asty m. Rtsed n$ losseson Inv$SiMlS ar8 calculated as lh8 drffwerKe betn sa$ opening carrwry value or purchase value ilacqured SLtsewenlto the first day of the firk?131 year. Uweali5Dd gains and k>sses are ralcLlaled a5 thp diffprpnce between the fair value althe YP ar val. Rpalispd d unrealised nve5tThenl 98insand I(ge$ ale tsrnbned the Siatemenld Fan(la1 ALlibS. Inv8sthpnts In 5ubsidlarla5 A $ut61diwy Is an eniity cor4Mled by the Chari ccthpwy Contrd tslhe [y1•9)Vern the IwrKial8nd operaing le$ ol ts enbty so as toowan iwefts fryn ils acliwbes. InVeStnts n subsNaries are ChI¢jed 31 <XSsr irnpwrrn&nt atlhe brKE 1.7 Cash and cash aqulvalw Cash cath wiwalents cath in har. d8rriis W at¢811 b8r4$. other shtyt-term li(wKI investmwts wth ongDal maturrfies o trY8e mth$or W. boverdrats. 8aroverdrarts are Sh Ix¥rowiDgs In current liabilibes. 10-
HINDAWI FOUNDATION NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 DECEMBER 2023 ACcoUntw pol•e$ (Continued) .8 Financial StrUMenta Basifinancial assets. whKth Irule debtLs bank ban. e initsally measured at pri induding Iransathth Costs and are ÉeqJenity<4rried al amb$ ct61 tre effr mlw8st mthtsY unless Ihe afraement$tte$a ts3nsaul, tre trnnsaath measure(l at the resl value of future receipts (Snted ata rn8rket re of interESt. Finaml 85$ cL4$9fied a5r¥atyk within one year8re not arnottispd. Olherfinanci¥ 8ssets. iThyLWJY vwestments in ewty i)SMIw)ts th¥re not subsidrèries. asswaies orTr)int ¥8nlwes. are Inibally rffY&asw al lair ialL. %hch 1$ whal¥ lh& IraCtslW w¢e. &¢h a$$ets subsaqu8nlly carried at farvaue aid the Ghays In Izdr are rewL4ed in kn5s. eXp1th31 Inestents in equity InStrunts thai are noi wMidy trÈd ar TrthosÈ fairwa1 (nnot be wEasureQ relk¥tAy are measured tt ctsst less ImpaThent lrnpaymenl of fironcial assets.. Finaro81 assets. othertrw Ih)$8 W atfairva1è prcfft 8nd bss. are assessed for Ind1015 of inyairfflentat resM)rbng e Ikte. BaSifireI lbIe5. udIng t[rtI$. bank k>ans. k>ansfr(xn fdkFW gro) (xryanies and preferen sha& that are GL45sfied asdebl, arE irntia1yTe[¥s al iT¥h0 the atr@21£O51IiUtes a finanCg transaction. whep the debl instmmwl B rneasural al (s)I vJueoflhe tutup receipts discthnted at a matrrtet rale dinlere. Finanoal IL4bili15 dassified as Payab vdlhin one yearae not orte. Debtir6truments subsequenlly Ca1&d aLarrrt1 u>sL USffTg the effedwe late 1.9 Taxa¥on The chanty Is wnSide topass the tes setlIn Pardgraph 1 6 of the Finan Act 2010 and therefore meets the definrtion of a chartsble corrpanylorUK cOrWa0n tsx putpTrses. Ac£o[dgIY. the charrty IS PDlenlially exep1 frum taKalKbn In Fdspect ol gr gan5 iecewed wiihi (ziewies covered by Chapter 3 Parf 11 of the Ccwr1tiTh Tax Act 2010 or Settl 256of tre Taxattii of Charw Gains Aci 1992. to tt)e extent Mt ch in¢om8 or 98ins 8rn &xdusi¥4> to ¢hari1814& pw[N). 1.10 Rgtlr$m¢nt bon¢fits The thantle CrpanY cperdtes a defined CCtribU1 pensiM stheff. C(ffintthS Payab to chantable mpanys pensK)n 5dEtne are charged to the Statew,tof FIrrja1AGthWbeS in the pen(Ml trEy rekile. Thpy are allocated lo chaitaNe athvities basEQ i)n Sff time. 1.11 For8lgn exchan Tran5X15 in cUrrenG5 ottwthan 1[5 5tethty a reiyxded at tt rates eXthge prevaliry at datesot ihÈ Iransathons. At ieptrtThJ end daiE. tMnety assets arKI ItlIe$ thai e dÈn(xninaÈd in foreiw Ixjrrenties arB re1[anat9 al the ralF5 pTrvBikng ltr etwj dale. tsas h)ssF5 arin taOn irUd5 In IheSOFA for kne 0d. Critical accounting e5tim5 and IeMents In th8 apIcAti uflhB tharilable ct¥nwny s &(¥)li[J FdKies. trLtses tBqLired to akelLj9ts, eslYKates and assumptions aboul Ihe Carryi arTnto1 assets and thalare not reaSly apparem from other Sour5. The esttnales andassooaled a5sutnpts(S are ISed on ht011 eXpeer arxl other faclorsthal are con5Kkred tts berelevanl. Aclual rEsLITS may the58estiWe The 8slmales aSSL4mPtSe mtwed 8n 5. ReVisiS to ac¢ountsn9 eaimates are recwnised in Ihe perK)¢ in whch the esbmaie B 1$e0 there ts revisw aff$ MIY Ihal p)rJ. or in the penod L the re¥) Tuture pet5 where the revisi(Jn affects altr1 arxl fvrture periods.
HINDAWI FOUNDATION NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 DECEMBER 2023 CritiGal accounting e5tim& and judyernentS (Continued) 11 v& Ihe apn oFlhe trustees thet due to the ollhc entity re arc no atsumpt¥ p&jerrn15th8l have gnifunl rEk adiusthl 1oihecaffry anK¥Jnls L4 a5ts ar*Y ItlIe$ wthin Ihe next faal year. ¢omo from 4jtyMtiOn8 and leyaEiBs UnrtStrO¢ted Unrostsl¢tèd hjnds nds 2023 2022 Donatnsan gdt5 134.338 38.443 kncomè from irbvè&bnèhts Vnrestricted Llnrestsictpd furK15 lunds 2023 InconE fr¢m lisled iivesbTwts Ini8resl rec8ivatA• 41.716 36.519 32.636 44.225 78235 76.861 Expenditure on raisin9 Unrn5tr1ctsd Unr•5trict fuNI$ nds 2023 Investtn8nl [nanage1r1 30.428 32.514 12-
HINDAWI FOUNDATION NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Expfrrndttyre on tharll¢a¢fjvlOos Trwnslation and wIYl¢allon 2U23 TrJnslJtion Dlrvct Costs Staff costs Audio boDk f5 Bod(fair expens Copytights E.tM)ok lees 26,755 32.818 &52 263 173.882 20,078 2.781 447 396 352. 27.201 s.5 333 Freelan d2vekws Graphic8 Penyon admin css Pnniing trxp8ns SubscripiK)ns Tr8ngaiion & wblcabon & Trangaiion sxpwse Weti h)stsrwJ Gwyeemail expwse5 Trava & Profession81 fees Digiia wesarv8b)n swyice 2A71 E67.19J 2.570 31.547 1.495 3.Q8 9.511 2.4 2.(K)5 82.227 14.851 31.594 740 945.321 557.497 Sharq ol 8UPPOrt and ¢¢)818180e 7) Sutwrt 117,2041 15.853 18.879 .627 556.146 Anatysls by thjnd Unreslrthd fLnd5 %2.627 $56.146 13-
HINDAWI FOUNDATION NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 DECEMBER 2023 $uppwt ¢ost$ al¢• to a¢tsvl Translation and publicatitiii Totsl 2023 Z022 Basis of olatA Bank charges Insurance Tdtphme & intemet FLThgn exdrwJ8 IgaiTyIL688S 1,712 2.769 216 16.2701 2.103 2.710 216 1222331 Support costs 11,5731 1173MI Governance Gosts 18.879 15.853 Total Support & goveviianGe costs 17.31 (1,3511 2023 2022 Governance eosls comprf%e: Audit& accwntsncy fees Legaltees 18.879 lo.(16 S.PA17 18.879 15.853 Mgt m¥omgnl fvTrJs 2023 2022 Th& mvementin fLThJs ts sts18d after &ffjiWI(¥ethtsNJI'. Fees payable lothe chariVs i[vJlenI exaer - fiKthe indepEndenl examinabffl of the charty& siaemÈnts - fcf Cltrr fiDanug1 serwces 6.8C¥) 2.178 Trustse5 Noneoflhe trustees lor anyperS connp(tsl Ihpml anyrernuneralK or beTfrts frotn the charilab company during the year. There We Th) wslees. extwses pa for the yew ended 31 Deber 2023 w for ped 31 Decen) 2022. 14-
HINDAWI FOUNDATION NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 DECEMBER 2023 10 En¥Jbyo¢$ Thc rnontNy wmber of duriry the year wos: 2023 Nnts•r Num1 2023 Wa9es and saWe5 ¢k31 se¢urrty ty)sts Othw 23.802 2.239 714 29.042 2.9)5 871 26.7SS 32.818 There were no efftFAoyees amual rernutMatiDnwas rrKwe Ihan £60.th). Remuneration of key rnanagenwrt PBV50nnet The Charity wnsidars its kev m&)89errnt ¢tnprtsnothe Irust8es. tel ?mpbyo8 ben&fiLS of the key managernenl pewnwl the dwty. nc11 enW>yer c0ntrMs. ¥we SJ4il 12022.. £Nill 11 Retir•ment benefit schemFs 2023 Z022 D•flnBd contr1ttfi0n schom Char98 10 profit or in r8spethdo8ffir ¢cq)knbu&m 714 871 The charile pY cperates a defined 0)nbiA pensKAI sthen fiy 81 empbyees The 85sets of Ihe scheme are hekl sep¥ety trom IIM)se of the wrrwrty in indepeenuY adThynlsterj fwd. 12 Galns and losses on Inveslments UnStrICt•d UnStrICtd fuNIs fund$ 2023 Gah¥lloS80slaii*r cn.. Revakjabon of irweslments 549.823 I623,0) 13 Taxatlon The charity is exeryt from13xalion on its acbvibes because all ils rAe is aprIdfor rtharitable pwp)5es 15-
HINDAWI FOUNDATION NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 DECEMBER 2023 14 Flxed a$st Inv•strnts Total Inv•stnw$ ITr5trnts Cost or ¥aat1£ AI 1 Jaary 3)23 5.625.2", 1,762.494 12.345.2B81 829.483 1274.5671 557.636 6.182.6 1.762.494 12,3452881 829.483 I274.7) Vaknaiion cf Revaluabon (LossgaIn cn f((evJn excfwwe At 31 0¥KeTr 21Y23 5.$97,392 557.636 6.155.tr28 Carrying amowt At 31 Decerr&er2023 5.597.392 557.636 6.155.028 Al Jl 0Thr222 5.t25,270 557,SJ6 b,18d. 2023 2022 Investrnent5 in subsKlranes 15 557.636 557.P)36 All lisled inve51rrents are led atlheff fairydlue These irs1Menl5 a all traded quotsl PiC rnarkets. The b8sis oftsir value forqwled kltrneDts iseqwv4entto Thrkel v¥bJe. 15 SubsidlaYl88 Detaib ofltr cWtsWe Pan(S suts"dw8s al 31 Dec23 are Name of undertaing class of Shar held % Held tmrect Indlrect For Prinl & DthbJMTbPr(perty NL>. 1. Print & DthtsJlvJn Bkxk 7. Asaf Dsirict. Egypt Ind Tethnokwj Bktk4. 5. 6 PUt4isl9& Distiibuti Ordinary 100.QN) Gny. Egwt 16-
HINDAWI FOUNDATION NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 DECEMBER 2023 15 Subsidiariets (Continued) The oggreylc copi1 and rc3ervcs Iho resutt f¢r the year of 3ub5hgiori¢s exduded frym coroolKIali wos JJ frAIowE.' Name of undertaklng ProffitllLos51 Capltal and Hindaw For Print & 5.463 196.667 98.447 589.132 Hindw Techn¢bJ 16 Debtor5 2023 2022 Amounts fallin9 du• within ono y•ér. Arn¢Knts owcd subsidiory wdcrtaknry5 0th8rtlebiors PreYments and acc ir¢crfr 5.189 lJ5.639 8.793 2.714 2.432 149,621 5.146 17 Cr•dltors'. amollnts falllng(kTtthkn on• ygar 2023 2022 Botrowin Othertaxalwjn and soc1 wjrity T13dE creditors OihercrtdttCS Actruals and defer incorne 130.( 242.813 134,706 177 102.787 444.865 87,678 388.460 Loans and overthafts 2023 2022 Loans frorn related parbes 130.(KX) e within year 130,1J)O In the wior year. the was an inteSt free knan TWayabCndern due to Ahmal Hir3 ITrusteel c1£130.IX)O. This loan was waiv£Yl in Ihp Trjrrenl year. 17-
HINDAWI FOUNDATION NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 DECEMBER 2023 19 UDrestrf¢tod fvnd5 The Lrrt8lricled funds of the thtyccffiwse Ihe uncxpcrthy bolanccsoldonebons and grents which erc Th)13ubJcct to gpeofi¢ condi1 by and ganlots as to tlw uY. At 1 j•ty ¢tyMing Gn8 31 D8comb0r 2023 General funds 6.034.784 212.573 1993.0551 549,8rJ 5.804.125 Pr•vk)us yoar.. Al 1 Jary 2022 comlng Rowx¢•s Galns and4t 31 D8¢•mbor 10ss•s 2022 General fuThls 7.131.440 115.304 1588.6601 1623 3001 6.034.784 20 R•lat•d party transactlons Transxtlon5 rtsd pavlies During the ye¥tht tharity forenSeS t(Aalng £2.475'2022". £nillon behaorit$ subsidw. Hindaw foi Prin1& DElritKAiDn. These eXS&S exF¥AwJ ID be rywj by ts sththrary. Durinu the YeAffied 4waNed tstal k>an oft130.(m12o.. Erwll (kne fromthe ChilY. During the ye¥ kne charity purchase seMces for thk and <tent traakn. at¥J are & apph'Bati( dtrvdopmeni totallw)y £Eé7.150120Z2". £19.W11 fton its subsvj 8ry. Tnts tys. Amounts owed to lated p8rt1 The f(dbwing amMI$ w8ie cvtstsndll 81 lh8 reFth"rvJ wddate." 2023 2022 Eniiues over whKh the entsty has contrrl. Jwl CtrOl or 5vJnifi(znt influerKe Key rnanawTrrt psrx)nd 240.815 130.( 240.815 130.LNXI 18-
HINDAWI FOUNDATION NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 DECEMBER 2023 20 Rdatsd party trtnsactions (Continued) Incbjded witrin trthY¢ poy•b8 540815<20?2.. £nil} pey by therity to tstubshliary. Hindawi Techrhologlcs ror 88Nces provthd. Al 31 De(mr20?2 a ltsan baL8ni of£130.OCKJdsdutrkn Hind ITruste81. Thts IDan w8$ by Ahm Hindari )ard tyjlsiaJin9 t)r91 31 20ZJ ts £nl. Amounts owèd by rtlatod partie$ The folbwin9 amounis Ylere ai repxb"w d816.. 2023 Balan¢8 2022 8alan¢o Enti1 overwt¥¢h theenbty has 01r(A.pnt c£rni swJnificant 1nfiUe 140.828 2.714 140.828 2.714 In¢kn¢d within AmtsJnis Patbes L% £5.189 12023." £2.7141 in raw balan£* du¥from t charffis subwd¥¥y. Hirfaw for Prini & Disbthtirn. Incb¢e¢ wilhin thr Debtrrsof£135.639(2. En} h1Vj a panent In tharref(Y servKe$ madg to the ChariW5 sUbSKJry, Hindawi Tethno9. 19-
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