## **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 benefit** 

- 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  financial  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 



Omld Trust
Charlty No. 1189194
Company No. 09142393
Tru5tees' Report and Unaudlled Accounts
28 February 2025

Omid Trust
Contents
Pages
Trustees, Annual Report
Independent Examiner's Report
Statement of Finantial Activities
Summary Income and Expenditure Account
Balance Sheet
6t07
Note5 to the Accounts
8t013
Detailed Statement of Financial Activities
14tolS
PaEe I

Omld Trust
Trustees Annual Report
The trustees, who 4re also dlrertor5 of the charlty forthe purposes of the Companies Act 2006,
present thelr report wlth the unaudtted financial statements of the charity for the year ended 28
February 2025.
REFERENCE AND ADMINISTRATNE DETAILS
Company No. 09142393
Charlty No. 1189194
Registered Offlce
4 Sharon close
Long Ditton
Surrey
KT65HD
Dlrertors and Trustoes
The Directors of the tharltable company are Its Trustees for the purposes of d)arfty law.
The following Directors andTrusiees served during the year:
Ali Pourghazi
Navid Pourghazi
Accountants
Fllntham Mackenzle
277-279 Chiswick High Road
London
W4 4PU
The Trusteès are re5ponslble for keeping proper aecountlng records that disclose wlth reasonable accuracy at
anytime thefinandal p051tlon of the tharlty and to enable them to ensure thatthe flnancial statements
comply with the Companles Art 2006. The Trustees are also responsible lor 5afeguardin8 the a55ets of the
charity and hence taking re45onabSe steps for the prevention and detectlon of fraud and other Irregularlties.
The above repoit has been prepared in accordance wlth the provislon5 appli¢able to companies subJect to
the small companles reglme as set out in Part 15 of the Companle$ Act 2006 and In accordance with the
Charrtles 50RP IFRS 1021.
51gned on behalf of thè board
Ali Pourghail
Trustee
22 May 2025
Page 2

Omid Trust
Independent Examiners Report
Independent Examlner's Report to the trustees of Omld TNst
I report to the charfty trustees on my examination of the financial statements of Omid Trust for the year
ended 28 February 2025.
Responsibilitles and basis of report
As the charity'5 trustees of the company land also its directors for the purposes of company lawl you are
responsible for the preparatlon of the financial statements in atcordance with the requirements of the
Companles Art 20061'the 2006 Act.
Having sat15fied myself that the financial Statements of the Charlty are not required to be audited under Part
16 of the 2006 Art and are eligible for independent examination, I report in respect of my examination of
your charity's financial statements as carried out uniler section 145 of the Charities Act 20111'the 2011 ALt'I.
In carrying out my examination I have followed the Directions given by the Charity Commission under section
145151 Ibl of the 2011 Att.
Independent examlner's statement
I have completed my examlnatlon. I can confirm that no material matter5 have come to my attention in
connection wlth the examination giving me cause to belleve-.
accounting records were not kept in accordance with sertion 386 of the 2¢y)6 Act,. or
• the financial statements do not accord with those records; or
the financial statements do not comply with the accounting requirements under sertion 396 of the 2006
Act other than any requirement that the financial statements give a 'true and fair, view which is not a
matter considered as part of an independent examination,. or
the financial statements have noi been prepared in accordance with the methods and principles of the
Statement of Recommended Practice for 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 IFRS 1021.
I have no concerns and have come across no other matters in connection with the examination to which
attention should be drawn in thls report in order to enable a proper understanding of the financial
statements to be reached.
Flintham Mackenzie
277-279 Chiswick High Road
London
W4 4PU
22 May 2025
Page 3

Omld Trust
Ststsment ot Financial Activities
for the year ended 28 February 2025
Unre￿rIC1ed
funds Total funds Totsl fund5
20Z5
2025
2024
Notes
Income and endowments
from:
Other trading activities
83,151
83,151
64,277
Total
83.151
83,151
64,277
Expenditure on:
Charitable activities
Other
12,(KlO
32,740
12,0(KJ
32,740
12,OCKJ
26,841
Total
44,740
44,740
38,841
Net Eains on investments
Net income
38,411
38,411
25,436
Transfers between fund5
Net income before other
gaSnslllassèsl
38,411
38,411
25,436
Other galns and losses
Net movement in funds
38,411
38,411
25,436
Reconciliatlon of funds:
Total funds brought forward
588,144
588,144
562,708
Total funds carrled forward
626.555
626,555
588,144
Page 4

Omid Trust
Summary Income and Expendi￿re Account
for the year ended 28 February Z025
202S
2024
Income
83,151
64.277
Gross Income forthe year
Expenditure
83,151
64,277
38.460
44,429
Interest payable
311
381
Totsl expendlture for the year
Net income before tax for the year
44,740
38,841
38.411
25,436
Net Income forthe year
38,411
25,436
Page 5

Omld Trust
Balance Sheet
at 28 February 2025
Company No.
09142393
Notes
2025
2024
Fixed a55ets
Investments
727,306
727,306
727,306
727,306
Current assets
Debtors
Cash at bank and In hand
5,302
4,556
9,858
171,5981
161,7401
665,566
1,687
27,444
29,131
1126,6111
197,4801
629,826
Creditors: Amount falling due within one year
Net current Ilabllitiès
io
Total assets less Current liabllltles
Creditors: Amounts falling due after more than one year
li
14.2801
16,9511
Provlsions for Ilabllltles
12
134,7311
134,7311
Net assets excluding pension asset or Ilabilty
Totsl net assets
626,55S
588,144
626,555
588,144
The funds of the charity
Re5trlcted funds
Unrestri¢ted funds
General funds
13
13
443,759
405,348
443,759
405,348
Reserves
Revaluation reserve
13
182,796
182.796
182,796
182,796
Total funds
626.555
588,144
These accounts have been prepared in accordance with the special provisions of Part 15 of the CompanSes
Act 2006 relating to small companies.
For the year ended 28 February 2025 the company was entitled to exernption under sertlon 477 of the
Companies Art 2006 relating to small companies.
The members have not required the company to obtain an audit In accordance with sectlon 476 of the
Companies Act 2(N)6.
The direttors acknowledge their responsibllities for complying with the requirements of the Companies Act
2006 with respect to accounting records and the preparation of accounts.
Approved by the board on 22 May 2025
And signed on its behalf by..
Page 6

OmldTNst
Balance Sheet
All Pourghaz
Trustee
22 May 2025
Page 7

Omid Trust
Notes to the Accounts
for the year ended 28 February 2025
l Accountlng polldes
Basis of preparation
The financial statements have been prepared in accordance with Accounting and Reporting by Charities..
Statement of Recommended Practice applicable to charitie5 preparing their accounts in accordance
with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffettive I
January 20151 (Charlties SORP IFRS 10211, the Financial Reporting Standard applicable In the UK and
Republic of Ireland IFRS 1021 and the Companies Acl 2006.
Change In basls of accounting or to previ0115 accounts
There has been no change to the accounting pollcies Ivaluatlon rules and method of accounting) since
last year and no changes have been made to accounts for previous years.
Fund atcounting
Vnrestricted funds
These are available for use at the di5cretiorb of the trustees In furtherance of the
general objects of the charlty.
These are unrestricted funds earmarked by the trustees for particular purposes.
These are unrestricted funds which include a revaluation reserve representing
the restatement of investment assets at their market value5.
These are available for use subject to restrictions imposed by the donor or
through terms of an appeal.
Designated funds
Revaluation funds
Restricted funds
Income
Recognition of
income
Income Is included in the Statement of Financlal Activities ISOFAI when the
charity becomes entitled to, an(1 virtually certain to receive, the Income and the
amount of the income can be measured with sufficient reliability.
Income with related Where income has related expenditure the income and related expenditure is
expenditure
reported gr05s in the SOFA.
DonatSons anil
legacies
Voluntary income received by way of grants, donatSons and gift5 is included in
the the SOFA when receivable and only when the Charity has unconditional
entitlement to the income.
Tax reclaims on
Income from tax reclaims is included in the SOFA at the same time as the
donations and gifts
grftldonation to whlch it relates.
Donated service5 and These are only included in income (with an equivalent amount in expendlturel
where the benefit to the Charity is reasonably quantifiable, measurable and
material.
The value of any volunteer help received is not included in the accounts.
This is included in the accounts when receivable.
Thls Include5 any gain or loss resulting from revaluing investments to market
value at the end of the year.
Volunteer help
Investment income
Gain5lllossesl on
revaluation of fixed
ssets
Gainslllossesl on
investment assets
This includes any gain or loss on the sale of Investments.
Page 8

Omid Trust
Notes to the Accounts
Expendituie
Recognition of
expenditure
Expenditure is recogni5ed on an accruals basis. Expenditure include5 any VAT
which cannot be fully recovered, and is reported as part of the expenditure to
which it relates.
These comprise the costs associated with attracting voluntary income,
fundraising trading costs and investment management Costs.
These comprise the costs Incurred by the Charity in the delivery of its artivities
and services in the furtherance of its objerts, including the making of grants and
governance costs.
All grant expenditure is accounted for on an actual paid basis plus an accrual for
grants that have been approved by the trustees at the end of the year but not
yet paid.
These include those costs a55ociated with meeting the constitutlonal and
statutory requirements of the Charity, including any audit/independent
examination fees, costs linked to the strategic management of the Charity,
together wlth a share of other administration costs.
These are support Costs noi allocated to a particular activity.
Expenditure on
raising funds
Expenditure on
charitable artlvltles
Grants payable
Governante costs
Other expendlture
Taxation
The charity is exempt from corporation tax on Its charitable actlvities.
Freehold Investment property
Investment properties are measured initially at cost and subsequently at fair value at each balance
sheet date and are not depreciated. All galns or10sses are taken to the Statement of Financial Activities
s they arise.
Trade and other debtors
Trade and other debtors are recognlsed at the Settlement amount due after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposlts with banks and other
short-term hlghly liquid investments with original maturities of three months or less and bank
overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or
current liabilitie5. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank
overdrafts that are repayable on demand and form an integral part of the company's cash
management.
Trade and other ¢reditors
Short term ¢reditor5 are measured at the transaction price. Other creditors and provisions are
recognised where the charity has a present obligation resulting from a past event that will probably
result in the transfer of funds to a third party and the amount due to settle the obligation can be
measured or estimated reliably. Creditors and provlsions are norrnally recognised at their settlement
amount after allowing for any trade discounts due.
Re¢elpt of donated goods, facilities and servl¢es
All donated goods, facilities and ServI￿S received are recognlsed within incoming resources and
expenditure at an estimate of the value to the charity.
Page 9

Omld Trust
Notes to the Accounts
2 Company 5tatU5
The company is a prhvate company limited by guarantee and consequently does not have share capital.
3 Ststement of Flnandal Artlvltles- prlor year
Unrestrlct
ed funds Totsl funds
2024
2024
Income and endowments frorn:
Other trading activities
Total
64,277
64.277
64,277
64,277
Expenditure on:
Charitable activities
12,000
26,841
12,(K)O
26,841
Other
Total
38,841
38,841
Net income
25,436
25.436
Net income beforè othèr
galns/llossesl
Othei galns and losses:
Net movement In funds
25,436
25,436
25,436
25.436
Rècontlllatlon of funds:
Tttal funds brought forward
Total funds carrled foTh¥ard
562,708
562,708
588,144
588,144
4 Income from other trading artivrties
Unrestricted
Total
Total
2025
2024
83,151
83,151
83,151
64,277
64,277
83,151
S Expenditure on charitable artlvlties
Unrestrlrted
Total
T¢)tsl
2025
2024
Expenditure on choritable
t7ctivities
12,0
12,0(
12,000
Governt7nce costs
12,0
12,000
12,000
Page 10

Omld Trust
Notes to the Accounts
6 Other expendlture
Unrestricted
Total
Total
2025
2024
Bank loan and overdraft
Interest payable
311
311
381
Motor and travel costs
87
Premises costs
27,269
298
27,269
298
15,546
General administrative costs
2,561
8,266
26,841
Legal and professional costs
4,862
32,740
4,862
32,740
7 Stsff costs
There were no employees duringthe year.
8 Investments
Freehold
Investme
nt
Property
Total
Cost or revaluatlon
At l March 2024
At 28 February 2025
Net book values
At 28 February 2025
At 29 February 2024
9 Debtors
727,306
727,306
727,306
727,306
727,306
727,306
727,306
727.306
2025
2024
Trade debtors
Prepayments and accrued income
2,250
3,052
5,302
1,687
1,687
10 Credltors:
amounts falling due within one year
2025
2024
Trade creditors
Other taxes and social securlty
Loans from trustees
Other creditors
Accruals
60,000
1,313
5,000
600
48,000
1,217
67,500
7,560
2,334
2,475
2.210
71,598
Deferred income
126,611
Page 11

Omld Trust
Notes to the Accounts
11 Credltors:
amounts falllng due after MO￿ than one year
2025
2024
Bank loans and overdrafts
4,280
4,28
6,951
6,951
12 Provlslons
Other
provisions
Total
At l March 2024
At 28 February 2025
34,731
34,731
34,731
34,731
13 Movement In funds
Incomlng
resources
(Sncludlng Resources
other expended
At l March gainsllosses
2024
At28
February
2025
Restrlcted funds:
Unrestrlrted funds:
General funds
405,348
83,151
144,7401
443,759
Revaluation Reser¥e5:
Revaluation fund
182,796
182,796
Total revaluation reserves
182,796
182,796
Total lund5
588.144
83,151
144,7401
626.555
Purposes and restrirtions in relatlDn to the funds..
Revaluation reserves
Represent the amount by which investments exceed their historical
cost.
14 Analysis of net assets between fund5
Unrestricted Restrlcted
funds
funds
Total
Investments
Net current assets
Creditors due in more than one year and
provlslons
727,306
156,7401
727,306
161,7401
15,0001
139,0111
139,0111
631,555
15,0001
626,555
Page 12

Omld Trust
Notes to the Accounts
15 Recon¢lIla￿0n of net debt
At28
February
2025
At l Marth
2024
Cash
flows
Cash and cash equivalent5
27,444
27,444
122,8881
122,8881
4,556
4,556
Bank loans
16,9511
16,9511
2,671
2,671
14,2801
14,2801
Net debt
20,493
120,2171
276
16 Related party dlsdosures
Mr Navid Pourghazi
Rent Deposit
£5,0￿[LOan from trustee)
£60010ther creditors)
Page 13

Omid Trust
Detailed Slalement of Financial Artivities
for the year ended 28 February 2025
Unrestrlcted
funds
Total funds
Total funds
2024
2025
2025
Income and endowments from:
Other trading activities
83,151
83,151
83,151
83,151
64,277
64,277
Total Income and endowments
83,151
83,151
64,277
Expendlture on:
Charltable actlvities
12,000
12,OlJO
12,000
12,000
12,000
12,000
Totsl of expenditure on charltable
artlvlties
12,(K)D
12,rJ)o
12,000
Other expenditure
Bank loan and overdraft interest
payable
311
311
381
311
311
381
87
Travel and subsistence
87
Premises costs
Rates
2.534
1,080
2,296
2.534
1,080
2.296
8,597
4,693
Light, heat and power
Premises insurances
Premises repairs and
maintenance
21,359
21.359
2,256
27.269
27,269
15,546
General administrative costs,
including depreciation and
amortisatlon
Bank charges
General insurances
Postage and couriers
Software, IT 5UPPOrt and related
costs
42
42
47
2,514
250
250
298
298
2,561
Legal and professional costs
Accountancy and bookkeeping
Management charge5
Solicitor's fees
2,617
2,617
2,740
2,150
3,376
Other legal and professional
Costs
2,245
2,245
4,862
4,862
8,266
Page 14

Omld Trust
Detailed Statement of Financial Actlvjtles
Total of expendlture of other costs
32,740
32,740
26,841
Totsl expendlture
Net galns on investments
44,740
44.740
38,841
Net Income
38,411
38,411
25,436
Net income before other
galnslllossesl
Other Gains
38,411
38,411
25,436
Net movement In funds
38,411
38,411
25.436
Reconclliatlon of funds:
Total funds brought forward
588,144
588,144
562,708
Total funds ￿rrIed forward
626,555
626,555
588,144
Page 15

Omld Trust
Charlty No. 1189194
Company No. 09142393
Tru5tees' Report and Unaudlled Accounts
28 February 2025

Omid Trust
Contents
Pages
Trustees, Annual Report
Independent Examiner's Report
Statement of Finantial Activities
Summary Income and Expenditure Account
Balance Sheet
6t07
Note5 to the Accounts
8t013
Detailed Statement of Financial Activities
14tolS
PaEe I

Omld Trust
Trustees Annual Report
The trustees, who 4re also dlrertor5 of the charlty forthe purposes of the Companies Act 2006,
present thelr report wlth the unaudtted financial statements of the charity for the year ended 28
February 2025.
REFERENCE AND ADMINISTRATNE DETAILS
Company No. 09142393
Charlty No. 1189194
Registered Offlce
4 Sharon close
Long Ditton
Surrey
KT65HD
Dlrertors and Trustoes
The Directors of the tharltable company are Its Trustees for the purposes of d)arfty law.
The following Directors andTrusiees served during the year:
Ali Pourghazi
Navid Pourghazi
Accountants
Fllntham Mackenzle
277-279 Chiswick High Road
London
W4 4PU
The Trusteès are re5ponslble for keeping proper aecountlng records that disclose wlth reasonable accuracy at
anytime thefinandal p051tlon of the tharlty and to enable them to ensure thatthe flnancial statements
comply with the Companles Art 2006. The Trustees are also responsible lor 5afeguardin8 the a55ets of the
charity and hence taking re45onabSe steps for the prevention and detectlon of fraud and other Irregularlties.
The above repoit has been prepared in accordance wlth the provislon5 appli¢able to companies subJect to
the small companles reglme as set out in Part 15 of the Companle$ Act 2006 and In accordance with the
Charrtles 50RP IFRS 1021.
51gned on behalf of thè board
Ali Pourghail
Trustee
22 May 2025
Page 2

Omid Trust
Independent Examiners Report
Independent Examlner's Report to the trustees of Omld TNst
I report to the charfty trustees on my examination of the financial statements of Omid Trust for the year
ended 28 February 2025.
Responsibilitles and basis of report
As the charity'5 trustees of the company land also its directors for the purposes of company lawl you are
responsible for the preparatlon of the financial statements in atcordance with the requirements of the
Companles Art 20061'the 2006 Act.
Having sat15fied myself that the financial Statements of the Charlty are not required to be audited under Part
16 of the 2006 Art and are eligible for independent examination, I report in respect of my examination of
your charity's financial statements as carried out uniler section 145 of the Charities Act 20111'the 2011 ALt'I.
In carrying out my examination I have followed the Directions given by the Charity Commission under section
145151 Ibl of the 2011 Att.
Independent examlner's statement
I have completed my examlnatlon. I can confirm that no material matter5 have come to my attention in
connection wlth the examination giving me cause to belleve-.
accounting records were not kept in accordance with sertion 386 of the 2¢y)6 Act,. or
• the financial statements do not accord with those records; or
the financial statements do not comply with the accounting requirements under sertion 396 of the 2006
Act other than any requirement that the financial statements give a 'true and fair, view which is not a
matter considered as part of an independent examination,. or
the financial statements have noi been prepared in accordance with the methods and principles of the
Statement of Recommended Practice for 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 IFRS 1021.
I have no concerns and have come across no other matters in connection with the examination to which
attention should be drawn in thls report in order to enable a proper understanding of the financial
statements to be reached.
Flintham Mackenzie
277-279 Chiswick High Road
London
W4 4PU
22 May 2025
Page 3

Omld Trust
Ststsment ot Financial Activities
for the year ended 28 February 2025
Unre￿rIC1ed
funds Total funds Totsl fund5
20Z5
2025
2024
Notes
Income and endowments
from:
Other trading activities
83,151
83,151
64,277
Total
83.151
83,151
64,277
Expenditure on:
Charitable activities
Other
12,(KlO
32,740
12,0(KJ
32,740
12,OCKJ
26,841
Total
44,740
44,740
38,841
Net Eains on investments
Net income
38,411
38,411
25,436
Transfers between fund5
Net income before other
gaSnslllassèsl
38,411
38,411
25,436
Other galns and losses
Net movement in funds
38,411
38,411
25,436
Reconciliatlon of funds:
Total funds brought forward
588,144
588,144
562,708
Total funds carrled forward
626.555
626,555
588,144
Page 4

Omid Trust
Summary Income and Expendi￿re Account
for the year ended 28 February Z025
202S
2024
Income
83,151
64.277
Gross Income forthe year
Expenditure
83,151
64,277
38.460
44,429
Interest payable
311
381
Totsl expendlture for the year
Net income before tax for the year
44,740
38,841
38.411
25,436
Net Income forthe year
38,411
25,436
Page 5

Omld Trust
Balance Sheet
at 28 February 2025
Company No.
09142393
Notes
2025
2024
Fixed a55ets
Investments
727,306
727,306
727,306
727,306
Current assets
Debtors
Cash at bank and In hand
5,302
4,556
9,858
171,5981
161,7401
665,566
1,687
27,444
29,131
1126,6111
197,4801
629,826
Creditors: Amount falling due within one year
Net current Ilabllitiès
io
Total assets less Current liabllltles
Creditors: Amounts falling due after more than one year
li
14.2801
16,9511
Provlsions for Ilabllltles
12
134,7311
134,7311
Net assets excluding pension asset or Ilabilty
Totsl net assets
626,55S
588,144
626,555
588,144
The funds of the charity
Re5trlcted funds
Unrestri¢ted funds
General funds
13
13
443,759
405,348
443,759
405,348
Reserves
Revaluation reserve
13
182,796
182.796
182,796
182,796
Total funds
626.555
588,144
These accounts have been prepared in accordance with the special provisions of Part 15 of the CompanSes
Act 2006 relating to small companies.
For the year ended 28 February 2025 the company was entitled to exernption under sertlon 477 of the
Companies Art 2006 relating to small companies.
The members have not required the company to obtain an audit In accordance with sectlon 476 of the
Companies Act 2(N)6.
The direttors acknowledge their responsibllities for complying with the requirements of the Companies Act
2006 with respect to accounting records and the preparation of accounts.
Approved by the board on 22 May 2025
And signed on its behalf by..
Page 6

OmldTNst
Balance Sheet
All Pourghaz
Trustee
22 May 2025
Page 7

Omid Trust
Notes to the Accounts
for the year ended 28 February 2025
l Accountlng polldes
Basis of preparation
The financial statements have been prepared in accordance with Accounting and Reporting by Charities..
Statement of Recommended Practice applicable to charitie5 preparing their accounts in accordance
with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffettive I
January 20151 (Charlties SORP IFRS 10211, the Financial Reporting Standard applicable In the UK and
Republic of Ireland IFRS 1021 and the Companies Acl 2006.
Change In basls of accounting or to previ0115 accounts
There has been no change to the accounting pollcies Ivaluatlon rules and method of accounting) since
last year and no changes have been made to accounts for previous years.
Fund atcounting
Vnrestricted funds
These are available for use at the di5cretiorb of the trustees In furtherance of the
general objects of the charlty.
These are unrestricted funds earmarked by the trustees for particular purposes.
These are unrestricted funds which include a revaluation reserve representing
the restatement of investment assets at their market value5.
These are available for use subject to restrictions imposed by the donor or
through terms of an appeal.
Designated funds
Revaluation funds
Restricted funds
Income
Recognition of
income
Income Is included in the Statement of Financlal Activities ISOFAI when the
charity becomes entitled to, an(1 virtually certain to receive, the Income and the
amount of the income can be measured with sufficient reliability.
Income with related Where income has related expenditure the income and related expenditure is
expenditure
reported gr05s in the SOFA.
DonatSons anil
legacies
Voluntary income received by way of grants, donatSons and gift5 is included in
the the SOFA when receivable and only when the Charity has unconditional
entitlement to the income.
Tax reclaims on
Income from tax reclaims is included in the SOFA at the same time as the
donations and gifts
grftldonation to whlch it relates.
Donated service5 and These are only included in income (with an equivalent amount in expendlturel
where the benefit to the Charity is reasonably quantifiable, measurable and
material.
The value of any volunteer help received is not included in the accounts.
This is included in the accounts when receivable.
Thls Include5 any gain or loss resulting from revaluing investments to market
value at the end of the year.
Volunteer help
Investment income
Gain5lllossesl on
revaluation of fixed
ssets
Gainslllossesl on
investment assets
This includes any gain or loss on the sale of Investments.
Page 8

Omid Trust
Notes to the Accounts
Expendituie
Recognition of
expenditure
Expenditure is recogni5ed on an accruals basis. Expenditure include5 any VAT
which cannot be fully recovered, and is reported as part of the expenditure to
which it relates.
These comprise the costs associated with attracting voluntary income,
fundraising trading costs and investment management Costs.
These comprise the costs Incurred by the Charity in the delivery of its artivities
and services in the furtherance of its objerts, including the making of grants and
governance costs.
All grant expenditure is accounted for on an actual paid basis plus an accrual for
grants that have been approved by the trustees at the end of the year but not
yet paid.
These include those costs a55ociated with meeting the constitutlonal and
statutory requirements of the Charity, including any audit/independent
examination fees, costs linked to the strategic management of the Charity,
together wlth a share of other administration costs.
These are support Costs noi allocated to a particular activity.
Expenditure on
raising funds
Expenditure on
charitable artlvltles
Grants payable
Governante costs
Other expendlture
Taxation
The charity is exempt from corporation tax on Its charitable actlvities.
Freehold Investment property
Investment properties are measured initially at cost and subsequently at fair value at each balance
sheet date and are not depreciated. All galns or10sses are taken to the Statement of Financial Activities
s they arise.
Trade and other debtors
Trade and other debtors are recognlsed at the Settlement amount due after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposlts with banks and other
short-term hlghly liquid investments with original maturities of three months or less and bank
overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or
current liabilitie5. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank
overdrafts that are repayable on demand and form an integral part of the company's cash
management.
Trade and other ¢reditors
Short term ¢reditor5 are measured at the transaction price. Other creditors and provisions are
recognised where the charity has a present obligation resulting from a past event that will probably
result in the transfer of funds to a third party and the amount due to settle the obligation can be
measured or estimated reliably. Creditors and provlsions are norrnally recognised at their settlement
amount after allowing for any trade discounts due.
Re¢elpt of donated goods, facilities and servl¢es
All donated goods, facilities and ServI￿S received are recognlsed within incoming resources and
expenditure at an estimate of the value to the charity.
Page 9

Omld Trust
Notes to the Accounts
2 Company 5tatU5
The company is a prhvate company limited by guarantee and consequently does not have share capital.
3 Ststement of Flnandal Artlvltles- prlor year
Unrestrlct
ed funds Totsl funds
2024
2024
Income and endowments frorn:
Other trading activities
Total
64,277
64.277
64,277
64,277
Expenditure on:
Charitable activities
12,000
26,841
12,(K)O
26,841
Other
Total
38,841
38,841
Net income
25,436
25.436
Net income beforè othèr
galns/llossesl
Othei galns and losses:
Net movement In funds
25,436
25,436
25,436
25.436
Rècontlllatlon of funds:
Tttal funds brought forward
Total funds carrled foTh¥ard
562,708
562,708
588,144
588,144
4 Income from other trading artivrties
Unrestricted
Total
Total
2025
2024
83,151
83,151
83,151
64,277
64,277
83,151
S Expenditure on charitable artlvlties
Unrestrlrted
Total
T¢)tsl
2025
2024
Expenditure on choritable
t7ctivities
12,0
12,0(
12,000
Governt7nce costs
12,0
12,000
12,000
Page 10

Omld Trust
Notes to the Accounts
6 Other expendlture
Unrestricted
Total
Total
2025
2024
Bank loan and overdraft
Interest payable
311
311
381
Motor and travel costs
87
Premises costs
27,269
298
27,269
298
15,546
General administrative costs
2,561
8,266
26,841
Legal and professional costs
4,862
32,740
4,862
32,740
7 Stsff costs
There were no employees duringthe year.
8 Investments
Freehold
Investme
nt
Property
Total
Cost or revaluatlon
At l March 2024
At 28 February 2025
Net book values
At 28 February 2025
At 29 February 2024
9 Debtors
727,306
727,306
727,306
727,306
727,306
727,306
727,306
727.306
2025
2024
Trade debtors
Prepayments and accrued income
2,250
3,052
5,302
1,687
1,687
10 Credltors:
amounts falling due within one year
2025
2024
Trade creditors
Other taxes and social securlty
Loans from trustees
Other creditors
Accruals
60,000
1,313
5,000
600
48,000
1,217
67,500
7,560
2,334
2,475
2.210
71,598
Deferred income
126,611
Page 11

Omld Trust
Notes to the Accounts
11 Credltors:
amounts falllng due after MO￿ than one year
2025
2024
Bank loans and overdrafts
4,280
4,28
6,951
6,951
12 Provlslons
Other
provisions
Total
At l March 2024
At 28 February 2025
34,731
34,731
34,731
34,731
13 Movement In funds
Incomlng
resources
(Sncludlng Resources
other expended
At l March gainsllosses
2024
At28
February
2025
Restrlcted funds:
Unrestrlrted funds:
General funds
405,348
83,151
144,7401
443,759
Revaluation Reser¥e5:
Revaluation fund
182,796
182,796
Total revaluation reserves
182,796
182,796
Total lund5
588.144
83,151
144,7401
626.555
Purposes and restrirtions in relatlDn to the funds..
Revaluation reserves
Represent the amount by which investments exceed their historical
cost.
14 Analysis of net assets between fund5
Unrestricted Restrlcted
funds
funds
Total
Investments
Net current assets
Creditors due in more than one year and
provlslons
727,306
156,7401
727,306
161,7401
15,0001
139,0111
139,0111
631,555
15,0001
626,555
Page 12

Omld Trust
Notes to the Accounts
15 Recon¢lIla￿0n of net debt
At28
February
2025
At l Marth
2024
Cash
flows
Cash and cash equivalent5
27,444
27,444
122,8881
122,8881
4,556
4,556
Bank loans
16,9511
16,9511
2,671
2,671
14,2801
14,2801
Net debt
20,493
120,2171
276
16 Related party dlsdosures
Mr Navid Pourghazi
Rent Deposit
£5,0￿[LOan from trustee)
£60010ther creditors)
Page 13

Omid Trust
Detailed Slalement of Financial Artivities
for the year ended 28 February 2025
Unrestrlcted
funds
Total funds
Total funds
2024
2025
2025
Income and endowments from:
Other trading activities
83,151
83,151
83,151
83,151
64,277
64,277
Total Income and endowments
83,151
83,151
64,277
Expendlture on:
Charltable actlvities
12,000
12,OlJO
12,000
12,000
12,000
12,000
Totsl of expenditure on charltable
artlvlties
12,(K)D
12,rJ)o
12,000
Other expenditure
Bank loan and overdraft interest
payable
311
311
381
311
311
381
87
Travel and subsistence
87
Premises costs
Rates
2.534
1,080
2,296
2.534
1,080
2.296
8,597
4,693
Light, heat and power
Premises insurances
Premises repairs and
maintenance
21,359
21.359
2,256
27.269
27,269
15,546
General administrative costs,
including depreciation and
amortisatlon
Bank charges
General insurances
Postage and couriers
Software, IT 5UPPOrt and related
costs
42
42
47
2,514
250
250
298
298
2,561
Legal and professional costs
Accountancy and bookkeeping
Management charge5
Solicitor's fees
2,617
2,617
2,740
2,150
3,376
Other legal and professional
Costs
2,245
2,245
4,862
4,862
8,266
Page 14

Omld Trust
Detailed Statement of Financial Actlvjtles
Total of expendlture of other costs
32,740
32,740
26,841
Totsl expendlture
Net galns on investments
44,740
44.740
38,841
Net Income
38,411
38,411
25,436
Net income before other
galnslllossesl
Other Gains
38,411
38,411
25,436
Net movement In funds
38,411
38,411
25.436
Reconclliatlon of funds:
Total funds brought forward
588,144
588,144
562,708
Total funds ￿rrIed forward
626,555
626,555
588,144
Page 15