**RAHAMKAR FOUNDATION CIO** 

(A CHARITABLE INCORPORATED ORGANISATION) 

**REPORT AND FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025** 

**Charity Registration No. 1188819** 



## **RAHAMKAR FOUNDATION CIO** 

## **CONTENTS** 

## **FOR THE YEAR ENDED 31 MARCH 2025** 

**_______________________________________________________________________________________** 

||**Pages**|
|---|---|
|Legal and Administrative Information|2|
|Trustees’ Report|3 - 6|
|Statement of Financial Activities|7|
|Balance Sheet|8|
|Cash Flow Statement|9|
|Notes to the Financial Statements|10 - 15|



1 



**RAHAMKAR FOUNDATION CIO** 

## **LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 MARCH 2025** 

**_______________________________________________________________________________________** 

|**Trustees**|Dr Syed M Abdul Hadi Arief||
|---|---|---|
||Mohammad Ansari||
||Mohammed Hanif|(Resigned on: 06 April 2024)|
|**Principal Address**|Kings Court,||
||17 School Road||
||Birmingham||
||B28 8JG||
|**Charity Number**|1188819||
|**Bankers**|Metro Bank||
||119 High Street||
||Solihull||
||B91 3SR||



2 



## **RAHAMKAR FOUNDATION CIO** 

## **TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2025** 

## **_______________________________________________________________________________________** 

The Trustees present their report and financial statements for the year ended 31 March 2025. The Trustees confirm that the Annual report and financial statements of the charity comply with the current statutory requirements, the requirements of the charity's governing document and the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 01 January 2019). 

## **Structure, governance and management** 

## _Governing document/Constitution_ 

The organisation is a Charitable Incorporated Organisation (CIO). The charity was established by Constitution signed on 05 March 2020 and registered with the Charity Commission on 31 March 2020, under number 1188819. 

## _Tax status_ 

The charity is registered as a CIO and is therefore exempt from corporation tax and income tax. 

## _Recruitment and training of trustees_ 

The Board of Trustees currently consists of two members who were recruited due to their commitment and expertise.  Role descriptions, where applicable, are issued to each Trustee and a full induction is given setting out the obligations of a Trustee.  The list of current Trustees can be found on page 2 of this document. 

## _Organisational structure_ 

The Charity is principally based in Birmingham but intends to work with organisations across the United Kingdom and abroad.  The Trustees are responsible for the governance of the Charity, and the day-to-day management is performed by the Trustees and volunteers. 

## _Key risks and uncertainties_ 

The Trustees actively review the major risks which the Charity faces on a regular basis, in particular those relating to its operations and finances. They are satisfied that systems are in place to mitigate the charity’s exposure to the major risks. The risk management strategy comprises: 

- A regular review of the risks which the Charity may face; 

- The adequacy of current systems and procedures to mitigate those risks identified in the strategy; and 

- The implementation of procedures designed to minimise any potential risk on the Charity should any of those risks materialise. 

The strategy is reviewed regularly by the Trustees. 

3 



## **RAHAMKAR FOUNDATION CIO** 

## **TRUSTEES’ REPORT** 

## **FOR THE YEAR ENDED 31 MARCH 2025** 

## **_______________________________________________________________________________________** 

## **Aims, objectives and activities** 

## _Aims, objectives and intended impacts_ 

## Objects: 

_To advance the Islamic faith in the UK and abroad, for the benefit of the public, in particular but not exclusively, through the holding of prayer meetings, lectures, and producing and/or distributing literature (printed or online) on Islam to enlighten others about the faith. We will also look to help the poor and needy and promote religious and racial harmony as an expression of our faith._ 

## _Public benefit statement_ 

The section of this report above entitled ‘Aims, objectives and activities’ sets out the aims and priorities of the Charity. The Trustees have considered this matter, in conjunction with the guidance contained in the Charity Commission’s general guidance on public benefit, and have concluded: 

- That the aims of the Charity continue to be charitable; 

- That the aims and work done give identifiable benefits to the charitable sector and both indirectly and directly to individuals in need; 

- That the benefits are for the public, are not unreasonably restricted in any way and certainly not by ability to pay 

- That there is no detriment or harm arising from the aims or activities. 

## _Review of achievements and performance for the period_ 

The Charity has been running Friday prayers since February 2023, through the renting of a local community centre in Northfield, Birmingham, and the congregation has grown significantly over the last 2 year, to over 100 weekly attendees. 

Due to continued demand from the community, weekly educational classes have continued in the year and we have started the conversation with the attendees of wanting to look for a more permanent venue in the near future. 

The Charity has also continued working to help provide food aid to those in need in the Middle East and hopes to increase its work around poverty relief and educational projects abroad in the forthcoming year. 

4 



## **RAHAMKAR FOUNDATION CIO** 

## **TRUSTEES’ REPORT** 

## **FOR THE YEAR ENDED 31 MARCH 2025** 

## **_______________________________________________________________________________________** 

## **Financial review** 

## _Principal sources of funding_ 

The principal source of funding for the Charity is from individual donors. Donations received in the period amounted to £20,683 (2023-24: £22,360). Costs were kept under rigid control during the period and monitored regularly. 

## _Reserves Policy_ 

The Charity holds unrestricted funds which have been provided to the charity via donations and charitable activities. Under the terms of the donations, the charity must retain the assets in perpetuity and can only use the income to support its charitable activities. 

The unrestricted funds represent income earned but not yet utilised in supporting charitable activities. At 31 March 2025, the charity held reserves of £2,081 (2024: £1,486) as unrestricted and undesignated free reserves. Restricted reserves at the end of the year amounted to £9,040 (2024: £4,509). 

## _Going Concern_ 

The Charity has made an inflow in both the prior and current year and expects to make an inflow in the next year also. Currently the Charity has no significant contractual expenditure or commitments. After making further appropriate enquiries and gaining assurances over income levels in the future, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. 

## **Future plans** 

The Trustees intend to grow the Charity’s volunteer base and continue to build the congregation for its Masjid Ihsan projects through continuing prayer meetings and adding some Islamic educational classes in the local Northfield, Birmingham area. 

It is also intends to continue its work of funding work for the needy abroad but is looking for appropriate long term projects to support. 

5 



## **RAHAMKAR FOUNDATION CIO** 

## **TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2025** 

## **_______________________________________________________________________________________** 

## **Statement of Trustees’ responsibilities** 

The Trustees are required to prepare financial statements for each financial year in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which give a true and fair view of the state of affairs of the Charity and the incoming resources and application of resources, including the net income and expenditure for the year. In preparing those financial statements, the Trustees are required to: 

- select suitable accounting policies and then apply them consistently; 

- make judgements and estimates that are reasonable and prudent; 

- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and 

- prepare the financial statements on the going concern basis, unless it is inappropriate to presume that the Charity will continue in business. 

The Trustees are responsible for keeping adequate accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and which enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and all other applicable law. 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 irregularities. 

## **Accounts preparation** 

The Trustees confirm that the accounts comply with current statutory requirements, and with those of the governing instrument. 

This report was approved by the Trustees on 06 October 2025 and signed on their behalf, by: 


## **Mohammad Ansari** 

Trustee 

6 



## **RAHAMKAR FOUNDATION CIO** 

## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025** 

## **_______________________________________________________________________________________** 

|||**Unrestricted   Restricted**|<br>**Total**|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|
|||**Funds            Funds**|**2025**|Funds|Funds|2024|
||_Note_|**£                     £**|**£**|£|£|£|
|**Income from:**|||||||
|Donations and legacies|_2_|**925          19,758**|**20,683**|640|21,990|22,630|
|||________     ________|________|________|________|_______|
|**Total income**||**925          19,758**|**20,683**|640|21,990|22,630|
|||**________     ________**|**________**|________|________|_______|
|**Expenditure on:**|||||||
|Charitable activities|_3_|**-          15,557**|**15,557**|171|19,482|19,653|
|||**________    ________**|**________**|________|________|_______|
|**Total expenditure**||**-          15,557**|**15,557**|171|19,482|19,653|
|||**________    ________**|**________**|**________**|**________**|**_______**|
|**Net income/(expenditure)**|||||||
|**before transfer**||**925            4,201**|**5,126**|469|2,508|2,977|
|**Transfers between funds**||**(330)** **330**|-|-|-|-|
|||**________    ________**|**________**|**________**|**________**|**_______**|
|**Net movement in funds**||**595            4,531**|**5,126**|469|2,508|2,977|
|**Reconciliation of funds**|||||||
|Total funds brought forward||**1,486             4,509**|**5,995**|1,017|2,001|3,018|
|||**________    ________**|**________**|**________**|**________**|**_______**|
|**Total funds carried forward**_6_||**2,081             9,040**|<br>**11,121**|1,486|4,509|5,995|
|||**________    ________**|**________**|________|________|_______|



The notes on pages 10 to 15 form part of these financial statements. 

7 



## **RAHAMKAR FOUNDATION CIO** 

## **BALANCE SHEET** 

## **AS AT 31 MARCH 2025** 

## **_______________________________________________________________________________________** 

||||**2025**||2024|
|---|---|---|---|---|---|
||_Note_|**£**|**£**|£|£|
|**Current assets**||||||
|Cash at bank and in-hand|_11_|**11,326**||7,900||
|||**________**||**________**||
|**Creditors**||||||
|**Amounts owing within one year**|_5_|**205**||1,905||
|||**________**<br>|<br>|**________**||
|**Net current assets**|||**11,121**||5,995|
||||**________**||**________**|
|**Net assets**|||**11,121**||5,995|
||||**________**||**________**|
|**Funds**||||||
|Unrestricted funds: General reserve|_6_||**2,081**||1,486|
|Restricted funds|_6_||**9,040**||4,509|
||||**________**||**________**|
||||**11,121**||5,995|
||||**________**||**________**|



The notes on pages 10 to 15 form part of these financial statements. 

The financial statements were approved by the Trustees on 06 October 2025 & signed on their behalf, by: 


**Mohammad Ansari** Trustee 

8 



## **RAHAMKAR FOUNDATION CIO** 

## **CASH FLOW STATEMENT** 

## **FOR THE YEAR ENDED 31 MARCH 2025** 

## **_______________________________________________________________________________________** 

||_Note_|**2025**|<br> 2024|
|---|---|---|---|
|||**£**|£|
|**Cash flows from operating activities:**||||
|**Net cash provided by operating activities**|_10_|**3,426**|4,882|
|||**________**|**________**|
|Increase / (decrease) in cash & cash equivalents||||
|in the reporting period||**3,426**|4,882|
|||**________**|**________**|
|Cash & cash equivalents at the beginning of||||
|the reporting period||**7,900**|3,018|
|||**________**|**________**|
|**Cash & cash equivalents at the end of the**||||
|**reporting period**|_11_|**11,326**|7,900|
|||**________**|**________**|



The notes on pages 10 to 15 form part of these financial statements. 

9 



**RAHAMKAR FOUNDATION CIO** 

**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** 

**_______________________________________________________________________________________** 

## **1. Accounting policies** 

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: 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) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. 

The Charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. 

The following principal accounting policies have been applied: 

## _**a)  Incoming resources**_ 

Income includes the total funds received during the period and comprises donations collected directly or by volunteers and income from fundraising events. Income is recognised in the period in which the charity is entitled to receipt and the amount can be measured with reasonable certainty. 

Income tax reclaimable under the Gift Aid Scheme is recognised on an accruals basis once income is considered probable. 

Donors are given the option to restrict their donation when it is made. Any Gift Aid claimed on restricted donations is classed as unrestricted income. 

## _**b) Resources expended and basis of allocation**_ 

Expenditure is included when incurred and has been shown in the Statement of Financial Activities inclusive of non-recoverable Value Added Tax. 

Expenditure on operational programmes is recognised in the period in which it is incurred. 

Currently all costs are directly attributable to specific activities, but where required, certain shared costs will be apportioned to general funds and activities in furtherance of the objects of the Charity. 

10 



**RAHAMKAR FOUNDATION CIO** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** 

## **_______________________________________________________________________________________** 

## **1. Accounting policies (cont.)** 

## **c** _**) Funds accounting**_ 

Funds held by the charity are: 

_Unrestricted funds -_ These are funds which can be used in accordance with the charitable objects at the discretion of the Trustees. 

_Designated funds_ – These are unrestricted funds earmarked by the trustees for particular purposes. 

_Restricted funds_ – These are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. 

## _**d) Cash at bank and in hand**_ 

Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. 

## _**e) Judgements in applying accounting policies and key sources of estimation uncertainty**_ 

In preparing the Financial Statements, management is required to make estimates and assumptions which affect reported income, expenses, assets, liabilities and disclosure of contingent assets and liabilities. Use of available information and application of judgement are inherent in the formation of estimates, together with expectations of future events that are believed to be reasonable under the circumstances. Actual results in the future could differ from such estimates. 

The Trustees consider that there are no significant areas of key judgement or estimation uncertainty other than those identified in the accounting policies above. 

11 



**RAHAMKAR FOUNDATION CIO** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** 

## **_______________________________________________________________________________________** 

## **2. Donations and legacies** 

||**Unrestricted**|**Restricted**|**Total**|**Total**|
|---|---|---|---|---|
||**Funds**|**Funds**|**Funds**|**Funds**|
||**2025**|**2025**|**2025**|**2024**|
||**£**|**£**|**£**|**£**|
|General donations<br>|**810**|**-**|**810**|640|
|Course donations<br>|**115**|**-**|**115**|-|
|Zakat distribution<br>|**-**|**1,050**|**1,050**|315|
|Masjid Ihsan – General running<br>|**-**|**6,034**|**6,034**|6,755|
|Masjid Ihsan – New Building<br>|**-**|**-**|**-**|500|
|AID Projects<br>|**-**|**12,674**|**12,674**|14,420|
||_________|_________|_________|_________|
||**925**|**19,758**|**20,683**|22,630|
||_________|_________|_________|_________|
|**3. Charitable activities - costs**|||||
||**Unrestricted**|**Restricted**|**Total**|Total|
||**Funds**|**Funds**|**Funds**|Funds|
||**2025**|**2025**|**2025**|2024|
||**£**|**£**|**£**|£|
|IT & website costs|**-**|**221**|**221**|20|
|Bank charges|**-**|**20**|**20**|151|
|Insurance|**-**|**143**|**143**|-|
|Masjid Ihsan – Rent|**-**|**4,132**|**4,132**|1,746|
|Masjid Ihsan – Furn. and equip.|**-**|**378**|**378**|1,126|
|Masjid Ihsan – Courses & other costs|**-**|**2,953**|**2,953**|2,400|
|Zakat distribution|**-**|**1,110**|**1,110**|2,256|
|AID Projects|**-**|**6,600**|**6,600**|11,945|
||_________|_________|_________|_________|
||**-**|**15,557**|**15,557**|19,653|
||_________|_________|_________|_________|



## **4. Staff & Trustees costs** 

There were no employees in the period. 

During the period £NIL of expenses were incurred for the reimbursement of Trustees’ expenses. The Trustees received no other remuneration in the period. 

12 



**RAHAMKAR FOUNDATION CIO** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** 

## **_______________________________________________________________________________________** 

## **5. Creditors** 

## **Amounts owing within one year** 

|<br>Accruals<br>**6. Statement of funds**<br>**Restricted funds**<br>Masjid Ihsan – General<br>Masjid Ihsan – Building Fund<br>Zakat distribution<br>Aid Projects<br> <br>Total restricted funds<br> <br>**Unrestricted funds**<br>General reserve<br> <br> <br>**Total funds**<br> <br>|<br>**Brought**<br>**forward**<br>**£**<br>1,483<br>500<br>60<br>2,466 <br>________<br>4,509<br>________<br>1,486<br> ________<br>5,995<br>|<br>**Incoming**<br>**resources**<br>**£**<br>**6,034**<br> **-**<br> **1,050**<br>**12,674**<br>________<br>**19,758**<br>________<br> **925**<br>________<br> **20,683**<br>|<br> <br>**Resources**<br>**expended**<br>**£**<br>**(7,847)**<br>**-**<br>**(1,110)**<br>**(6,600)**<br>_________<br>**(15,557)**<br>_________<br>**-**<br>_________<br>**(15,557)**<br>|**2025**<br>**£**<br>**205**<br>_________<br> **205**<br>**_________**<br>**Fund**<br>**transfers**<br>**£**<br>**330**<br>**-**<br>**-**<br>**-**<br>_________<br>**330**<br>_________<br>**(330)**<br>_________<br>**-**<br>|2024<br> £<br>**1,905**<br>_________<br>**1,905**<br>**_________**<br>**Carried**<br>**forward**<br>**£**<br>**-**<br>**500**<br>**-**<br>**8,540**<br>_________<br>**9,040**<br>_________<br>**2,081**<br>_________<br>**11,121**<br>|
|---|---|---|---|---|---|



13 



## **RAHAMKAR FOUNDATION CIO** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** 

## **_______________________________________________________________________________________** 

## **Restricted Project Descriptions** 

## _Masjid Ihsan – General_ 

Masjid Ihsan is a Mosque congregation project in Northfield, Birmingham, where there is no Mosque within a 5 mile radius; to help run prayer & educational meetings and community uplift projects for the Northfield and surrounding areas. 

## _Masjid Ihsan – Building Fund_ 

Masjid Ihsan does not have a permanent owned place of its own and hires venues to fulfil its mission. A new fund has been established to try and raise funds for a permanent venue to be bought or leased in the near future. 

## _Zakat distribution_ 

Zakat is a specific type of donation which is restricted to be distributed to the very poorest in society for their most urgent and vital needs. We intend to use these funds for food, shelter and water distribution in poor countries, as well as any other project that the Trustees deem fit for an appropriate project. 

## _Aid projects_ 

Part of the Charity’s objectives is to help relieve poverty and the educational needs of those in need anywhere in the World. The Charity has started raising funds to help fulfil this purpose by starting in the Middle East. 

## **7. Analysis of net assets between funds** 

|**(a)**<br>|**Unrestricted**|**Restricted**|**Total**|
|---|---|---|---|
||**funds**|**funds**|**funds**|
||**£**|**£**|**£**|
|**Fund balances at 31 March 2025 are represented by:**||||
|**Net current assets**<br>|**2,081**|**9,040**|**11,121**|
||________|________|________|
|**Total funds**<br>|**2,081**|**9,040**|**11,121**|
||**________**|**________**|**________**|
|(b)<br>|Unrestricted|Restricted|Total|
||funds|funds|funds|
||£|£|£|
|Fund balances at 31 March 2024 are represented by:||||
|Net current assets<br>|1,486|4,509|5,995|
||________|________|________|
|Total funds<br>|1,486|4,509|5,995|
||________|________|________|



14 



**RAHAMKAR FOUNDATION CIO** 

**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** 

## **_______________________________________________________________________________________** 

## **8. Related parties** 

There were no related party transactions in the period. 

## **9. Volunteers** 

The charity is working on building a volunteer base through whose help it plans on running many local prayer group and Islamic education activities in the West Birmingham area as well as starting to support projects for the needy abroad in the coming years. The Charity trustees recognise the vital place of grassroots work and volunteers in helping to fulfil its mission. 

## **10. Reconciliation of cash flows from operating activities** 

|||**2025**|2024|
|---|---|---|---|
|||**£**|£|
|Net income / (expenditure) for the reporting period||**5,126**|**2,977**|
|Increase / (decrease) in creditors||**(1,700)**|**1,905**|
|||_________|_________|
|**Net cash provided by operating activities**||**3,426**|**4,882**|
|||**_________**|**_________**|
|**11. Analysis of cash and cash equivalents**||||
|||**2025**|2024|
|||**£**|£|
|Cash at bank and in hand||**11,326**|7,900|
|||_________|_________|
|**Total of cash and cash equivalents**||**11,326**|7,900|
|||**_________**|**_________**|
|**11A. Analysis of changes in net debt**||||
||**At start**|**Cashflows**|**At end**|
||**of year**|**in year**|**of year**|
||**£**|**£**|**£**|
|Cash|7,900|**3,426**|**11,326**|
||_________|_________|_________|
||7,900|**3,426**|**11,326**|
||**_________**|**_________**|**_________**|



15