## OMID TRUST – TRSUTEES’ ANNUAL REPORT – FOR PERIOD 22 JAN 2023 TO 29 FEB 2024 

The below is a report for a small charity whose income is under £500,000 (with assets worth less than £3.26million). The report seeks to meet the requirements set out in ' Guidance: Prepare a charity trustees annual report, namely to address: 

- “your charity’s name, registration number, address and trustee names 

- its structure and details of how it is managed, including how it recruits trustees 

- its activities and objectives in the year 

- its achievements and performance, including reporting on its public benefit 

- a financial review including any debts and details of your reserves policy (if applicable) 

- details of any funds held as a custodian trustee” 

## REPORT 

## Charity’s name, registration number, address and trustee names 

1. Charity’s name: The Omid Trust (‘ the Trust ’) 

2. Charity registration number: 1189194 

3. Address: 4 Sharon Close, Long Ditton, Surrey, KT6 5HD 

4. Trustees: (i) Navid Pourghazi; (ii) Mohammad Ali Pourghazi 

The Trust’s structure and details of how it is managed, including how it recruits trustees 

5. The  Trust  is  constituted  as  a  limited  company  and  governed  by  Articles  of Association that can be found online. Its Trustees are also the company directors. The Trust is managed by its two Trustees/Directors. It is not currently actively recruiting trustees, though the means for recruiting new trustees/directors is set out in the Articles of Association. 

1 



Summary of the Trust’s work and objects 

6. The Trust is a grant making charity that provides scholarships to Iranian students who have insufficient financial means to study Masters degrees in the UK. The Trust currently  partners  with  Cambridge  University,  St  Edmunds  College,  and  the Cambridge Commonwealth, European and International Trust (“ CCEIT ”) in order to provide the Omid Cambridge Scholarship. This scholarship is for students who are accepted onto Masters degrees at Cambridge University. 

7. As a general matter, the Trustees understand that they are to have regard to the guidance issued by the Charity Commission on public benefit. 

Where the Trust’s money comes from 

8. The Trust’s income comes from its investment in property in Scunthorpe, UK. More specifically, the Trust’s income comes from the rent paid by tenants in that property. 

## The Trust’s activities and objectives in the past Accounting Year 

9. In the past accounting year (22 Jan 2023 to 29 Feb 2024), the Trust was continuing with the redevelopment of its property investment in Scunthorpe. That redevelopment  project  started  around  summer  2020.  The  continuation  of  this project has meant that the Trust’s money has been tied up and not available for making grants in the usual way. No Omid Cambridge Scholarship was offered or made for the academic year 2023/2024. Nonetheless, some £12,000 has been “spent” by the Trust by setting it aside as a reserve for grants that will be made in the future when the Trust resumes its ordinary grant making activities. 

## The Trust’s achievements and performance, including reporting on its public beneft 

- 10.The paragraphs above are repeated. The Trust’s activities and achievements in the last year have been focussed on improving its investments so as to increase its annual income and financial security and thereby enable it to have a greater public benefit within its objects in future years. Before the redevelopment project began, the Trust’s income from the two tenanted units that it had at that time was around £14,000  p/a.  More  recently,  following  the  completion  of  the  bulk  of  the redevelopment work, the income of the Trust has risen to around £67,000 p/a, and it is expected that this may rise to between £80,000 to £85,000 p/a. 

2 



A fnancial review including any debts and details of your reserves policy (if applicable) 

11.See above for details of the financial review. 

- 12.In terms of debts, the following individuals had given the Trust interest-free loans to assist the Trust with its outgoings during the redevelopment work. These loans were given at various stages. By the end of the previous accounting year – namely 29 Feb 2024, the outstanding debts were as follows: 

   - 12.1. Mohammad Ali Pourghazi – £27,500 

   - 12.2. Navid Pourghazi – £25,000 

   - 12.3. Khashayar Ghaffarzadeh – £15,000 

- 13.By the time of writing, in light of repayments of part of the loans, the outstanding debts have reduced to the following sums: 

   - 13.1. Mohammad Ali Pourghazi – £15,000 

   - 13.2. Navid Pourghazi – £10,000 

   - 13.3. Khashayar Ghaffarzadeh – £10,000 

- 14.As at date of 29 Feb 2024, the reserve held by the Trust was £48,000. 

Details of any funds held as a custodian trustee 

- 15.Not applicable. 

15 October 2024 

3 



Omid Trust
Chartty No. 1189194
Company No. 09142393
Trustees, Report and Unaudlted Ac¢ounts
29 February 2024

Omld Trust
Contents
Pages
Trustees, Annual Report
Independent Examlner's Rq)ort
statement Df Flnandal Artlvltles
Summary Income and Expend￿￿re knx)unt
Balance Sheet
6t07
Notes to the Accounts
8t0 13
Detsiled Statsment of Flnanclal ACtI￿tTe$
14to15
Page I

Omld Trust
TN$ttss Annual Report
The trustees, who are also dlrectors ofthe charfty forthe purposes of the Companles Act 2006,
presentthelr report with the unaLtdited financial 5t8tements of the chartyfor the period ended
29 February 2024.
REFERENCE AND ADMIN15fRATIVE DETAILS
Company NO. 09142393
ChaTIty No. 1189194
Reglstered Office
4 Sharon aose
Long Dwtton
SurTev
r6 5HD
Dlr¢ttor5 and Trustees
The Dlrectors of the charitable company are Its Trusteesfor the PUTposes of charlty law.
The tollowing Dir¥tor5 and Trustees served durfng the year:
IResigned 3 February 2024)
Iman Kamyab
Aji Pourgha21
Navid Pourghazl
Ac£ountants
Fllntham Mackenzie
277-279 Chi$wick High Road
London
W44PU
The Trltstees are responslble for keeplng proper accounting rpcords that diKlose reasonahle accuracy 8t
anytime the financial position of the eharity and to enable them to ensurethat the finandal statement5
Comply wlth the Companies Act 2006. The Trustees are also responsible for safeguardlng the assets of the
charity a￿1 hence taklng reasonable Steps forthe prevention and detertlon of fraud and othor Irregulariti•$.
The above report ha5 been prepared in att¢Jfdance wlth the provislon5 applicable to companle5 subject to
the small cornpanles reglme as set Qlrt In Part 15 of the Companie5 Act 2006 and in accordance with the
ch4ritie5 SORP IFRS 1021.
stgned on behalf of the board
All Pourghazl
Truste8
23 Aprll 2024
Page 2

Omid Trust
IndePend￿t E￿mInerS Report
Independent Examlnerfs Report to the trustees of Omid Trust
I report to the charFtytru5tees on my examlnatlon of the fin4hcial statements of Omld Trust forthe period
ended 29 February 2024.
Responslbllltlos and basls of report
As the charity's trustees of the company land alsQ its direttors for the purposes of company13wl you are
responsible for the preparation of the finandal ststements in accordance with the requirements of the
Companies Act 20061'the 2006 Act.
Having satisfièd myself that the finanaal statements of the Charity are not required to be audited under Part
16 of the 2006 Act and are ellgible for Independent examination, I report in respect of my examination of
vour diarity's finanual statements as carried ovf under sertlon 145 of the charitie5 Act 2011 Iyhe 2011 Act'}.
In carrying out my examination I have followed the Directions glven by the Charlty Commission under section
145151 Ibl of the 2011 Act.
Independent examlner's ststement
I have completed my examinatKon. I can confimi that no rnaterlal matters have cometo my att8ntlon in
ts)nnection with the examlnation giving me cause to belleve:
• aecountin% Tect)rds were not kept In accordance with sertlon 386 of the 2006 Aci,. or
the flnandal ststements do not accord with those records; or
the flnanci81 statements do not comply with the accountine requirements under 5e¢tion 396 of the 2006
Act other ihan any requlrementthat the financlal statements give a Yrue ar￿ fair, vlew which is not
matter considered as part of an independent èxarninatioTh,' or
the financial statements have not been prepared in accordance with the methods and princlpleg of the
statement of Recommended Pra¢tlce for a¢¢ountlng and reportlng by tharities applicableto charities
prEparinE their accounts In accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland IFRS 1021.
I have no GOn￿rnS and have come auoss no other matters in Connection with the examinatlon to which
attentlon should be drawn in thls report in order to enable a proper underStBr￿ing of the flnancial
statements to be reached.
Flintham Mackenzie
277-279 ChSswlck High Road
London
W4 4PU
23 April 2024
Page 3

Omld Trnst
Statsment of Flnan¢i•l Attlvities
for the perfod ended 29 February 2024
Unrestrkted
fvnds Total funds Totsl funds
2024
2024
2023
ome and endowments
from:
other trading actlvftles
64,277
64,277
12A82
Total
64,277
64,277
12,482
Expendilure on:
Charitable actiwties
Other
12,000
26,841
38.841
11000
26,841
38,841
12,000
22,998
54,998
Total
Net gains on Investments
Net Incomellexpgndlture)
Transfers betsKeen funds
Net 1ncomellexpendltu￿}
befDTe other galnslllosses)
25,436
25,436
122,5161
25,436
25,436
122,5161
Olher galns •nd lo5$8s
l+let movement In funds
25,436
25,436
122,5161
Recondliation of funds:
Total lunds broughtforward
562,708
562,708
585,224
Total funds carrfed foTh¥8rd
588,144
588,144
562,708
Page 4

Omkl TnBt
Summ•ry lJKfjm• Expendlturé Account
for the period ended 29 February 21)24
2024
Income
64,2TI
12,482
Grnss Intomefor th¢ perfod
Expendlture
64,277
38,460
12,482
34,781
Interost payable
381
217
Totsl expehdlture lorthe perlod
Net income/(e%pendl￿rtI beforetix
fof the period
38,841
34,998
25,436
{215161
Net Income Ilempndltsffe )fw the
period
25,436
122,5161
Page S

Omld Trust
Balance Sheet
at 29 February 2024
Company No. 09142393
Notes
Fixed assets
Investments
727,306
727,306
695,806
695,806
rrent assets
Debtors
Cash at bank and In hand
1,687
27A44
29,131
1126,6111
197,4801
629,826
16,9511
1.769
90S
2,674
{91,2411
188,5671
607,239
{9,8￿
Cyedltors: Amount falllng due wlthln one year
Net current Ilabililies
Total assets less current liaixlities
Credttor5; Bounce back loan
io
li
Provisionsfor liablllties
12
134,7311
134,7311
Net assets exdudlng p¢nslon asset or Ilabllty
Totsl het 4ssets
588,144
562,708
588,144
562,708
The lunds of the thartty
Rertrlcred funds
Unrestrirted funds
General fvnds
13
13
405,348
379,912
405,348
379,912
Reserves
Revaluation reserve
182,796
182,796
182,796
182,796
Totsl funds
588,144
562.708
Page 6

Omid Tntst
Balance Sheet
These accounts have beerj prepared In accordan￿ wlth the 5pedal provlslons of Part 15 of the Companies
Act 2006 relatlng to small comp8nles.
Farthe perh?d ended 29 February 2024the CDTnpany wa5 entltled to exemption under section 477 of the
Companies Act 2006 relatin8 to small eompanles,
Th¢ Membe￿ l)ave not required the company to obtsin an audit in accordance wfth 5e¢tlon 476 ofthe
Companies Act 2006.
The directsrs acknowledge thdr respons5bilitie5 for ¢omplying with the requirements of the Companles Act
2(M)6 WFth respect to accountlng records and the prepargtlon of accounts.
Approved bytl)e board on 23 April 2024
And signed o
Ali Pourghazl
Trustee
23 Aprll 2024
Page 7

(knld Trust
Note5 to the Accounts
for the period ended 29 February 20Z4
l A¢counllng pollcles
Basls ol preparatlon
The financial Statements have ￿en prepared In acmrdance wlth Accountlng and Reporting by Charities:
Statement of Recommended Practlce applicable to tharities preparing thelr a¢courts In attordance wlth
the Flnancial Reporting Standard appllcable In the UK and Republlc of Ireland IFRS 102) (effectfve i
January 20151- {CharTlies 50RP IFRS 1021), the Flnancial Reportlng Standard 8pplluble in the UK and
Republlc of Ireland IFRS 1021 and the Companies Act 2006.
ange In basis of account1￿ or to prevlous accounts
There has been no thange to the accountlng polic4es {valuation rules and method of ac¢ountlnq) slnce
last year and no changes have been made to accounts for prevlous years.
Fund a¢countlng
Unrestrlcted fvnds These are avallable for use at the discretlon of tlie trt￿ee5 In furtherance of the
8eneral obJects of the charity.
These arE unre5trithd funds earmarked by the trustees for partlcular purposes.
These are unrestrlcted funds whith include a revaluation reserve repres8ntlTrdthe
restatement of Investment assets at their market value5.
These are available for use subjert to re5trirtlons Imposed bythe donor OT through
tems of an appeal.
Designated funds
Revaluation lunds
P*strirted furKIs
Income
Re¢ognitlon of
income
Income Is Induded In the Ststement of Flnandal Athttles ISOFAI when the charlty
bwme5 entstled to, 4nd vlrtually ¢ertaln to recelve, the Income and the amount of
the Income can be measured wlth sufflclent rellability.
Income wlth related Where Income has related eYpendItu￿ the lThcome and Ydatsd expenditurp Is
expendlture
reported gross In the SOFA.
Donalions and
leBacie5
Voluntary Income recelved by way of grants. donatiDll5 and is included In the
the SoFAwhen re¢elvable and only when the Chkn has unconditional
entitlement to the Incom
Tax redalms on
Incomefrom tax redalms is Induded In tha SOFA atthe same tlme as the
doD*iohs and glfts glftldonatlon to whlth it relates.
Donated services
These are On￿ induded in inmme Iwith an equlvalent amount In expendlturel
and facilltles
where the benefit to the Charity is reasonabty quantffiable, measurable and
matèrial.
Volunteer help
The value of any volunteer holp recelved Is not induded In the account
Investment Income This is Included In the accounts when receivable.
Galnslllosses> on
Thls include5 any galn or loss resulting fr4yn revaluing investfnents to market value
revaluatlon of fixed at the end of the year.
assets
Galnslllosse5) on
Investment assets
This indude5 any galn or loss on the sale of Inve51monts.
Page 8

Ornid Trust
Notes to the Accounts
Expendlturr
Re¢ognitiori of
expenditu
Expttnditure is recognlsed on an accruals basls. Expenditure indude5 any VAT whlch
cannot be fully recovered, and is reported as part of thÈ expendTture to which it
relates.
Expendfture on
These comprise the costs assooiated with *tracting voluntary Income, fundrdising
raising funds
tradinB costs and investment management Costs.
Expenditun! on
These comprise the costs incurred by the tharity in the dellvery of its artivities and
charltable clctivlties services In the furtherance of its objects, including the making of grants and
governance costs.
All grant expenditure Is accounted for on an actual paid basi5 plus an accrual for
grant5 that have been approved by the tru5tee5 atthe end otthe year but not yet
paid.
These Include those costs associated wlth meeting the constitutlonal and statutory
requlrements of the Charity, Including any auditlindependent examlnatlon fees,
costs Ilnked to the strategic mznaEement of the Charlty, together with a share of
other adminlstration costs.
Other expendlture These are support Costs not allocated to a partlcular activity.
Grants payable
Governan￿ Costs
Taxation
The charity is exempt from corporatlon tsx on Its charltsble activrf(ie5.
Freehold Investment property
Investment propertles are measured Inltlally at cost and subsequendy * falr value at each ba13nce Sheet
date and are not depreciated. All gains or losses are taken to the Ststement of Flnancial Activities as they
arise.
Trade •nd other debtors
Trade and other debtors are reco8nlsed at the settlement amount due after any trade dlscnunt offered.
Prepayments are Yalued atthe arnount prepaid net of any trade discounts due.
C•sh cash 44ui¥alents
Cash and cash equfvalents comprlse o5h at bank 4nd on hand, démand deposits wlth banks and other
short-term highly Ilquld investments wlth orSglnal m3turlties of three rnonths or les5 and bank overdrafts.
In the statement of flnancial posltlob, bank overdrafLs are shown wlthln lJorrowlng5 or current Ilablllties.
In the Statement of Cash Flows, cash and cash equlvalents are shown net of bank overdrafts that are
repay3ble on demand form an Integral part ofthe company's cash management.
Trade and other credltors
Short term creditors are measured at the tT4nsaction prire. Other ueditors and provisions are recognised
wherethe charFty has a present obligatton resul￿nE frorn a past event that will probably resum in the
transfer of funds to a thlrd party and the amount due to settle the obll8ation can be measured or
estimated rellably. Credrtors and provlslons are normally recognised attheir settlement amount after
allowtry for anytrade dls¢ounts due.
Recelpt gf donated good5, facilltlés Ind servl¢es
I donated good5, farilities and services recelved are recognlsed wlthln incomin8 resource5 and
expendlture at an estimate of the value tothe charity.
Pgge 9

Omid Trust
Notes to the Accounts
2 Company slatus
The company15 a prNats company Ilmlted by guarante¢ and consequently does not have share capltal.
3 Statement of financlal Actlvltles. prioryear
Unrestrlcted
funds Total fvnds
2023
Z023
Income and éndOWmeth￿ from:
Othertradlng act1th5es
Totsl
12,482
12,482
12,482
12,482
Expendityre on:
Charltable altI￿tieS
12,000
22.998
other
22,998
Total
34,998
34.998
Net Income
122,5161
122,516}
Net income bqfore other
fdlnsl{losses)
Other galns and losses:
Net movemeht in fvnds
1225161
1215161
122,5161
121516)
Rocondllotton of fvnd$:
Totsl fvnds broughtforward
Total funds Carr￿d forward
585,225
585,225
562,709
562,709
4 Incme fram other trBding actlvlti•$
Unrestrfcted
Totsl
2024
Totsl
64,277
64,277
64,277
64,277
12,482
12,482
endtture on ¢harltable attlvllies
Unrestrltted
Totsl
2024
Total
2023
Expendlture on choritoble
artlvities
12,OLK)
iiooo
6overnqn¢e costs
12,OC
,000
I2.￿0
Page 10

Omid Trn5t
Notes to the Accounts
6 Other expenditure
Unreslrl¢ted
Total
Total
Z023
2024
Bank loan and overdraft
Interest payable
Motor and travel costs
381
381
217
87
87
Premises costs
15.546
2,S61
8,266
26,841
15.546
2.561
8,266
26,841
19,242
1,640
1,899
22,998
General admlnistratlve costs
Legal and professional costs
7 stsff costs
There were no employees during the year.
8 Investments
Freehold
Investment
Property
Totsl
Cost or revaluatlon
At 22January 2023
Improvements to property
At 29 February 2024
Net book values
At 29 February 2024
At 21January 2023
9 Delxors
695,806
31.500
727,306
695.806
31,5th)
727,306
727,306
695.806
727,306
695,806
2024
2023
Prepayments and ac¢rued Inwme
1,687
1.687
1,769
1,769
10 Qedftors:
amounts falllng due wlthln meyear
2024
2023
Loan from trustees
editor5lsponsorshlpl
VAT
Other ereditors
Accruals
67,5(10
48,000
1,217
7560
2234
126,611
47,5fKJ
38.190
1252)
2,833
2,970
91,241
Page 11

Omld Trust
Notes to the Accounts
li Credth)rs',
amounts falllng due after more than one year
2024
2023
Bank loans and overdrafts
6,951
6,951
9,￿0
12 Provtslons
Onerous
Total
At 22 Jarbuary 2023
At 29 February 2024
34,731
34,731
34,731
34.731
13 Movement in funds
In¢omkn
resourc
At29
Febrn•ry
2024
{Includlng
At22
othÈr
January 8alnslloss
2023
expended
Re5trfKted lunds:
Unrestrkted funds:
General fufids
379,912
64,277
138,8411
405,348
Re¥alu8tlon Reseries.,
Revaluatlon fund
182.796
182,796
Totul revaluation reserves
182,796
182,796
Totsl funds
562.708
64.277
{38,8411
588,144
PurpDses and restrictlcjns in relatlon to the funds:
Revaluatlon reseTves
Represent the amount by whlch Investments ￿e•d their hi5torfcal ¢ost.
14 Analysls of net assets between fund$
Unresvicted
funds
Restrlrted
funth
Total
Investments
Net current assets
Creditors due In more than one year and
provisions
727,306
{29,980)
727,306
197,480)
1675(Ki)
141.6821
(41,682)
655,644
167,5001
588,144
Page 12

Omld Trust
Notss to the Accounts
15 Rocondllatlon of nel debt
At22
Janvary
2023
At29
FÉbruary
2024
Cash flows
Cash and cash equlvalents
Loon from Trustees l Note 16}
905
[47.5001
146,5951
26,539
120,0001
6,539
27,444
(67,5001
(40,0561
Bank loans
19,8001
19,800)
2.849
2,849
16,gSII
16,9511
Net debt
156,395)
9,388
(47,0071
16 Related party dlsdosur•s
Mr N8)rtd Pourghaii
£25.OOOILoan from trustee)
Mr Ali Pourghazl
£27.5001Loan from tnjstsel
Mr K Ghafarzadeh
£15,OOOILoan from tfusteel
Mrlman Kamyab
£6,960.48IOther credltorsl
Rent Deposlt £600IOther creditor51
Page 13

Omid Trust
Detsiled Ststement of Financial Actlvltles
for the period ettded 29 Febrnary 2024
UnreslJi¢ted
funds Totsl funds Total fvnds
20Z4
2024
20Z3
Incoffle and endowments from:
Other tradlng actI￿tieS
64,277
64,277
64,277
64,277
12,482
12.482
Totsl income an4 endowments
64,277
64,277
12,482
ENpeTrditure on:
Charitable artivities
12,000
12,000
12,000
I2,￿0
12.000
12,Lb)O
Total of expendlture on ¢harltable
aetl¥liles
12,000
12,(KJO
12,OC
Other éxpendlture
Bank loan and overdraft Interest
payable
381
381
217
381
381
217
Motor and travel costs
Travel and sub5iStence
87
87
Premlses costs
Rates
Llght, heat and power
Premlses repairs and
maintenance
8,597
4,693
8,597
4,693
16,233
1,842
2,256
2,256
1,167
15,546
15,546
19,242
Gèneral administrative costs,
induding depreclatlon and
a¥nortTrsation
Bad debt5
Bank (harges
General Insurances
102
47
47
2,514
2,561
2,514
2,561
1,538
Le8al and professional costs
Accountanry and bookkeeplng
ManaEement charges
Sollcltoes fees
1740
2,150
3,376
8,266
26,841
2,740
2,150
3,376
8,266
26,841
840
750
309
1,899
Total of expendlture ot othw costs
Total expendtture
Net galns on Investments
22.998
38,841
38,841
34,998
Page 14

Omld TNst
D•talled Statement ol Flnanclal Activities
Net Incomel(eNpeMliture)
25,436
25,436
122,516>
Nqt Incomellexpendtture) befure
other 8alnsl(lossesl
Other Gains
25,436
25,436
122,5161
Net movement in lunds
25M36
25,436
122,5161
Reconclllatlon of funds:
Total fvnds brought forward
562,708
562,708
585,224
Totjl funds cacried forward
588,144
562,708
Pa8e 15

Omid Trust
Chartty No. 1189194
Company No. 09142393
Trustees, Report and Unaudlted Ac¢ounts
29 February 2024

Omld Trust
Contents
Pages
Trustees, Annual Report
Independent Examlner's Rq)ort
statement Df Flnandal Artlvltles
Summary Income and Expend￿￿re knx)unt
Balance Sheet
6t07
Notes to the Accounts
8t0 13
Detsiled Statsment of Flnanclal ACtI￿tTe$
14to15
Page I

Omld Trust
TN$ttss Annual Report
The trustees, who are also dlrectors ofthe charfty forthe purposes of the Companles Act 2006,
presentthelr report with the unaLtdited financial 5t8tements of the chartyfor the period ended
29 February 2024.
REFERENCE AND ADMIN15fRATIVE DETAILS
Company NO. 09142393
ChaTIty No. 1189194
Reglstered Office
4 Sharon aose
Long Dwtton
SurTev
r6 5HD
Dlr¢ttor5 and Trustees
The Dlrectors of the charitable company are Its Trusteesfor the PUTposes of charlty law.
The tollowing Dir¥tor5 and Trustees served durfng the year:
IResigned 3 February 2024)
Iman Kamyab
Aji Pourgha21
Navid Pourghazl
Ac£ountants
Fllntham Mackenzie
277-279 Chi$wick High Road
London
W44PU
The Trltstees are responslble for keeplng proper accounting rpcords that diKlose reasonahle accuracy 8t
anytime the financial position of the eharity and to enable them to ensurethat the finandal statement5
Comply wlth the Companies Act 2006. The Trustees are also responsible for safeguardlng the assets of the
charity a￿1 hence taklng reasonable Steps forthe prevention and detertlon of fraud and othor Irregulariti•$.
The above report ha5 been prepared in att¢Jfdance wlth the provislon5 applicable to companle5 subject to
the small cornpanles reglme as set Qlrt In Part 15 of the Companie5 Act 2006 and in accordance with the
ch4ritie5 SORP IFRS 1021.
stgned on behalf of the board
All Pourghazl
Truste8
23 Aprll 2024
Page 2

Omid Trust
IndePend￿t E￿mInerS Report
Independent Examlnerfs Report to the trustees of Omid Trust
I report to the charFtytru5tees on my examlnatlon of the fin4hcial statements of Omld Trust forthe period
ended 29 February 2024.
Responslbllltlos and basls of report
As the charity's trustees of the company land alsQ its direttors for the purposes of company13wl you are
responsible for the preparation of the finandal ststements in accordance with the requirements of the
Companies Act 20061'the 2006 Act.
Having satisfièd myself that the finanaal statements of the Charity are not required to be audited under Part
16 of the 2006 Act and are ellgible for Independent examination, I report in respect of my examination of
vour diarity's finanual statements as carried ovf under sertlon 145 of the charitie5 Act 2011 Iyhe 2011 Act'}.
In carrying out my examination I have followed the Directions glven by the Charlty Commission under section
145151 Ibl of the 2011 Act.
Independent examlner's ststement
I have completed my examinatKon. I can confimi that no rnaterlal matters have cometo my att8ntlon in
ts)nnection with the examlnation giving me cause to belleve:
• aecountin% Tect)rds were not kept In accordance with sertlon 386 of the 2006 Aci,. or
the flnandal ststements do not accord with those records; or
the flnanci81 statements do not comply with the accountine requirements under 5e¢tion 396 of the 2006
Act other ihan any requlrementthat the financlal statements give a Yrue ar￿ fair, vlew which is not
matter considered as part of an independent èxarninatioTh,' or
the financial statements have not been prepared in accordance with the methods and princlpleg of the
statement of Recommended Pra¢tlce for a¢¢ountlng and reportlng by tharities applicableto charities
prEparinE their accounts In accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland IFRS 1021.
I have no GOn￿rnS and have come auoss no other matters in Connection with the examinatlon to which
attentlon should be drawn in thls report in order to enable a proper underStBr￿ing of the flnancial
statements to be reached.
Flintham Mackenzie
277-279 ChSswlck High Road
London
W4 4PU
23 April 2024
Page 3

Omld Trnst
Statsment of Flnan¢i•l Attlvities
for the perfod ended 29 February 2024
Unrestrkted
fvnds Total funds Totsl funds
2024
2024
2023
ome and endowments
from:
other trading actlvftles
64,277
64,277
12A82
Total
64,277
64,277
12,482
Expendilure on:
Charitable actiwties
Other
12,000
26,841
38.841
11000
26,841
38,841
12,000
22,998
54,998
Total
Net gains on Investments
Net Incomellexpgndlture)
Transfers betsKeen funds
Net 1ncomellexpendltu￿}
befDTe other galnslllosses)
25,436
25,436
122,5161
25,436
25,436
122,5161
Olher galns •nd lo5$8s
l+let movement In funds
25,436
25,436
122,5161
Recondliation of funds:
Total lunds broughtforward
562,708
562,708
585,224
Total funds carrfed foTh¥8rd
588,144
588,144
562,708
Page 4

Omkl TnBt
Summ•ry lJKfjm• Expendlturé Account
for the period ended 29 February 21)24
2024
Income
64,2TI
12,482
Grnss Intomefor th¢ perfod
Expendlture
64,277
38,460
12,482
34,781
Interost payable
381
217
Totsl expehdlture lorthe perlod
Net income/(e%pendl￿rtI beforetix
fof the period
38,841
34,998
25,436
{215161
Net Income Ilempndltsffe )fw the
period
25,436
122,5161
Page S

Omld Trust
Balance Sheet
at 29 February 2024
Company No. 09142393
Notes
Fixed assets
Investments
727,306
727,306
695,806
695,806
rrent assets
Debtors
Cash at bank and In hand
1,687
27A44
29,131
1126,6111
197,4801
629,826
16,9511
1.769
90S
2,674
{91,2411
188,5671
607,239
{9,8￿
Cyedltors: Amount falllng due wlthln one year
Net current Ilabililies
Total assets less current liaixlities
Credttor5; Bounce back loan
io
li
Provisionsfor liablllties
12
134,7311
134,7311
Net assets exdudlng p¢nslon asset or Ilabllty
Totsl het 4ssets
588,144
562,708
588,144
562,708
The lunds of the thartty
Rertrlcred funds
Unrestrirted funds
General fvnds
13
13
405,348
379,912
405,348
379,912
Reserves
Revaluation reserve
182,796
182,796
182,796
182,796
Totsl funds
588,144
562.708
Page 6

Omid Tntst
Balance Sheet
These accounts have beerj prepared In accordan￿ wlth the 5pedal provlslons of Part 15 of the Companies
Act 2006 relatlng to small comp8nles.
Farthe perh?d ended 29 February 2024the CDTnpany wa5 entltled to exemption under section 477 of the
Companies Act 2006 relatin8 to small eompanles,
Th¢ Membe￿ l)ave not required the company to obtsin an audit in accordance wfth 5e¢tlon 476 ofthe
Companies Act 2006.
The directsrs acknowledge thdr respons5bilitie5 for ¢omplying with the requirements of the Companles Act
2(M)6 WFth respect to accountlng records and the prepargtlon of accounts.
Approved bytl)e board on 23 April 2024
And signed o
Ali Pourghazl
Trustee
23 Aprll 2024
Page 7

(knld Trust
Note5 to the Accounts
for the period ended 29 February 20Z4
l A¢counllng pollcles
Basls ol preparatlon
The financial Statements have ￿en prepared In acmrdance wlth Accountlng and Reporting by Charities:
Statement of Recommended Practlce applicable to tharities preparing thelr a¢courts In attordance wlth
the Flnancial Reporting Standard appllcable In the UK and Republlc of Ireland IFRS 102) (effectfve i
January 20151- {CharTlies 50RP IFRS 1021), the Flnancial Reportlng Standard 8pplluble in the UK and
Republlc of Ireland IFRS 1021 and the Companies Act 2006.
ange In basis of account1￿ or to prevlous accounts
There has been no thange to the accountlng polic4es {valuation rules and method of ac¢ountlnq) slnce
last year and no changes have been made to accounts for prevlous years.
Fund a¢countlng
Unrestrlcted fvnds These are avallable for use at the discretlon of tlie trt￿ee5 In furtherance of the
8eneral obJects of the charity.
These arE unre5trithd funds earmarked by the trustees for partlcular purposes.
These are unrestrlcted funds whith include a revaluation reserve repres8ntlTrdthe
restatement of Investment assets at their market value5.
These are available for use subjert to re5trirtlons Imposed bythe donor OT through
tems of an appeal.
Designated funds
Revaluation lunds
P*strirted furKIs
Income
Re¢ognitlon of
income
Income Is Induded In the Ststement of Flnandal Athttles ISOFAI when the charlty
bwme5 entstled to, 4nd vlrtually ¢ertaln to recelve, the Income and the amount of
the Income can be measured wlth sufflclent rellability.
Income wlth related Where Income has related eYpendItu￿ the lThcome and Ydatsd expenditurp Is
expendlture
reported gross In the SOFA.
Donalions and
leBacie5
Voluntary Income recelved by way of grants. donatiDll5 and is included In the
the SoFAwhen re¢elvable and only when the Chkn has unconditional
entitlement to the Incom
Tax redalms on
Incomefrom tax redalms is Induded In tha SOFA atthe same tlme as the
doD*iohs and glfts glftldonatlon to whlth it relates.
Donated services
These are On￿ induded in inmme Iwith an equlvalent amount In expendlturel
and facilltles
where the benefit to the Charity is reasonabty quantffiable, measurable and
matèrial.
Volunteer help
The value of any volunteer holp recelved Is not induded In the account
Investment Income This is Included In the accounts when receivable.
Galnslllosses> on
Thls include5 any galn or loss resulting fr4yn revaluing investfnents to market value
revaluatlon of fixed at the end of the year.
assets
Galnslllosse5) on
Investment assets
This indude5 any galn or loss on the sale of Inve51monts.
Page 8

Ornid Trust
Notes to the Accounts
Expendlturr
Re¢ognitiori of
expenditu
Expttnditure is recognlsed on an accruals basls. Expenditure indude5 any VAT whlch
cannot be fully recovered, and is reported as part of thÈ expendTture to which it
relates.
Expendfture on
These comprise the costs assooiated with *tracting voluntary Income, fundrdising
raising funds
tradinB costs and investment management Costs.
Expenditun! on
These comprise the costs incurred by the tharity in the dellvery of its artivities and
charltable clctivlties services In the furtherance of its objects, including the making of grants and
governance costs.
All grant expenditure Is accounted for on an actual paid basi5 plus an accrual for
grant5 that have been approved by the tru5tee5 atthe end otthe year but not yet
paid.
These Include those costs associated wlth meeting the constitutlonal and statutory
requlrements of the Charity, Including any auditlindependent examlnatlon fees,
costs Ilnked to the strategic mznaEement of the Charlty, together with a share of
other adminlstration costs.
Other expendlture These are support Costs not allocated to a partlcular activity.
Grants payable
Governan￿ Costs
Taxation
The charity is exempt from corporatlon tsx on Its charltsble activrf(ie5.
Freehold Investment property
Investment propertles are measured Inltlally at cost and subsequendy * falr value at each ba13nce Sheet
date and are not depreciated. All gains or losses are taken to the Ststement of Flnancial Activities as they
arise.
Trade •nd other debtors
Trade and other debtors are reco8nlsed at the settlement amount due after any trade dlscnunt offered.
Prepayments are Yalued atthe arnount prepaid net of any trade discounts due.
C•sh cash 44ui¥alents
Cash and cash equfvalents comprlse o5h at bank 4nd on hand, démand deposits wlth banks and other
short-term highly Ilquld investments wlth orSglnal m3turlties of three rnonths or les5 and bank overdrafts.
In the statement of flnancial posltlob, bank overdrafLs are shown wlthln lJorrowlng5 or current Ilablllties.
In the Statement of Cash Flows, cash and cash equlvalents are shown net of bank overdrafts that are
repay3ble on demand form an Integral part ofthe company's cash management.
Trade and other credltors
Short term creditors are measured at the tT4nsaction prire. Other ueditors and provisions are recognised
wherethe charFty has a present obligatton resul￿nE frorn a past event that will probably resum in the
transfer of funds to a thlrd party and the amount due to settle the obll8ation can be measured or
estimated rellably. Credrtors and provlslons are normally recognised attheir settlement amount after
allowtry for anytrade dls¢ounts due.
Recelpt gf donated good5, facilltlés Ind servl¢es
I donated good5, farilities and services recelved are recognlsed wlthln incomin8 resource5 and
expendlture at an estimate of the value tothe charity.
Pgge 9

Omid Trust
Notes to the Accounts
2 Company slatus
The company15 a prNats company Ilmlted by guarante¢ and consequently does not have share capltal.
3 Statement of financlal Actlvltles. prioryear
Unrestrlcted
funds Total fvnds
2023
Z023
Income and éndOWmeth￿ from:
Othertradlng act1th5es
Totsl
12,482
12,482
12,482
12,482
Expendityre on:
Charltable altI￿tieS
12,000
22.998
other
22,998
Total
34,998
34.998
Net Income
122,5161
122,516}
Net income bqfore other
fdlnsl{losses)
Other galns and losses:
Net movemeht in fvnds
1225161
1215161
122,5161
121516)
Rocondllotton of fvnd$:
Totsl fvnds broughtforward
Total funds Carr￿d forward
585,225
585,225
562,709
562,709
4 Incme fram other trBding actlvlti•$
Unrestrfcted
Totsl
2024
Totsl
64,277
64,277
64,277
64,277
12,482
12,482
endtture on ¢harltable attlvllies
Unrestrltted
Totsl
2024
Total
2023
Expendlture on choritoble
artlvities
12,OLK)
iiooo
6overnqn¢e costs
12,OC
,000
I2.￿0
Page 10

Omid Trn5t
Notes to the Accounts
6 Other expenditure
Unreslrl¢ted
Total
Total
Z023
2024
Bank loan and overdraft
Interest payable
Motor and travel costs
381
381
217
87
87
Premises costs
15.546
2,S61
8,266
26,841
15.546
2.561
8,266
26,841
19,242
1,640
1,899
22,998
General admlnistratlve costs
Legal and professional costs
7 stsff costs
There were no employees during the year.
8 Investments
Freehold
Investment
Property
Totsl
Cost or revaluatlon
At 22January 2023
Improvements to property
At 29 February 2024
Net book values
At 29 February 2024
At 21January 2023
9 Delxors
695,806
31.500
727,306
695.806
31,5th)
727,306
727,306
695.806
727,306
695,806
2024
2023
Prepayments and ac¢rued Inwme
1,687
1.687
1,769
1,769
10 Qedftors:
amounts falllng due wlthln meyear
2024
2023
Loan from trustees
editor5lsponsorshlpl
VAT
Other ereditors
Accruals
67,5(10
48,000
1,217
7560
2234
126,611
47,5fKJ
38.190
1252)
2,833
2,970
91,241
Page 11

Omld Trust
Notes to the Accounts
li Credth)rs',
amounts falllng due after more than one year
2024
2023
Bank loans and overdrafts
6,951
6,951
9,￿0
12 Provtslons
Onerous
Total
At 22 Jarbuary 2023
At 29 February 2024
34,731
34,731
34,731
34.731
13 Movement in funds
In¢omkn
resourc
At29
Febrn•ry
2024
{Includlng
At22
othÈr
January 8alnslloss
2023
expended
Re5trfKted lunds:
Unrestrkted funds:
General fufids
379,912
64,277
138,8411
405,348
Re¥alu8tlon Reseries.,
Revaluatlon fund
182.796
182,796
Totul revaluation reserves
182,796
182,796
Totsl funds
562.708
64.277
{38,8411
588,144
PurpDses and restrictlcjns in relatlon to the funds:
Revaluatlon reseTves
Represent the amount by whlch Investments ￿e•d their hi5torfcal ¢ost.
14 Analysls of net assets between fund$
Unresvicted
funds
Restrlrted
funth
Total
Investments
Net current assets
Creditors due In more than one year and
provisions
727,306
{29,980)
727,306
197,480)
1675(Ki)
141.6821
(41,682)
655,644
167,5001
588,144
Page 12

Omld Trust
Notss to the Accounts
15 Rocondllatlon of nel debt
At22
Janvary
2023
At29
FÉbruary
2024
Cash flows
Cash and cash equlvalents
Loon from Trustees l Note 16}
905
[47.5001
146,5951
26,539
120,0001
6,539
27,444
(67,5001
(40,0561
Bank loans
19,8001
19,800)
2.849
2,849
16,gSII
16,9511
Net debt
156,395)
9,388
(47,0071
16 Related party dlsdosur•s
Mr N8)rtd Pourghaii
£25.OOOILoan from trustee)
Mr Ali Pourghazl
£27.5001Loan from tnjstsel
Mr K Ghafarzadeh
£15,OOOILoan from tfusteel
Mrlman Kamyab
£6,960.48IOther credltorsl
Rent Deposlt £600IOther creditor51
Page 13

Omid Trust
Detsiled Ststement of Financial Actlvltles
for the period ettded 29 Febrnary 2024
UnreslJi¢ted
funds Totsl funds Total fvnds
20Z4
2024
20Z3
Incoffle and endowments from:
Other tradlng actI￿tieS
64,277
64,277
64,277
64,277
12,482
12.482
Totsl income an4 endowments
64,277
64,277
12,482
ENpeTrditure on:
Charitable artivities
12,000
12,000
12,000
I2,￿0
12.000
12,Lb)O
Total of expendlture on ¢harltable
aetl¥liles
12,000
12,(KJO
12,OC
Other éxpendlture
Bank loan and overdraft Interest
payable
381
381
217
381
381
217
Motor and travel costs
Travel and sub5iStence
87
87
Premlses costs
Rates
Llght, heat and power
Premlses repairs and
maintenance
8,597
4,693
8,597
4,693
16,233
1,842
2,256
2,256
1,167
15,546
15,546
19,242
Gèneral administrative costs,
induding depreclatlon and
a¥nortTrsation
Bad debt5
Bank (harges
General Insurances
102
47
47
2,514
2,561
2,514
2,561
1,538
Le8al and professional costs
Accountanry and bookkeeplng
ManaEement charges
Sollcltoes fees
1740
2,150
3,376
8,266
26,841
2,740
2,150
3,376
8,266
26,841
840
750
309
1,899
Total of expendlture ot othw costs
Total expendtture
Net galns on Investments
22.998
38,841
38,841
34,998
Page 14

Omld TNst
D•talled Statement ol Flnanclal Activities
Net Incomel(eNpeMliture)
25,436
25,436
122,516>
Nqt Incomellexpendtture) befure
other 8alnsl(lossesl
Other Gains
25,436
25,436
122,5161
Net movement in lunds
25M36
25,436
122,5161
Reconclllatlon of funds:
Total fvnds brought forward
562,708
562,708
585,224
Totjl funds cacried forward
588,144
562,708
Pa8e 15