## **OMID TRUST TRUSTEES’ ANNUAL REPORT – FOR PERIOD 1 March 2024 to 28 Feb 2025** 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 1 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. ## **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 (28 Feb 2024 to 01 March 2025), the Trust was mostly completing work associated with the redevelopment of its property in Scunthorpe and focussing on marketing and tenanting those aspects that were vacant. The continuation of this redevelopment 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 2024/2025. Nonetheless, some £12,000 has been “spent” by the 2 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 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 £83,000 p/a, and it may increase further if and when the property is fully tenanted. ## **A financial review including any debts and details of your reserves policy (if applicable)** 11.See above for details of the financial review. - 12.The Trust’s assets, liabilities and reserves held are recorded in its annual accounts. ## **Details of any funds held as a custodian trustee** - 13.Not applicable. 25 July 2025 3 Omld Trust Charlty No. 1189194 Company No. 09142393 Trustees, Report and Unaudited Accounts 28 February 2026 Omld Tru Contents Pages Trustees, Annual Report Independent Examiner's Report Statement of Financial Activities Summary Income ènd Expenditure Account Balance Sheet 6t07 Notes to the Accounts 8t013 Detsiled Ststement of Flnancial Activttles 14to15 Omld Trust Trustees Annual Report The trustees, who are also directors of the charty for the purpose5 of the Companles Act 2006. present their report with the unaudited financial statements of the charity for the year ended 28 February 2026. REFERENCE AND ADMINISTrATIVE DETAILS Company No. 09142393 Charity No. 1189194 Registered Offlce 4 Sharon Close Long Ditton Surrev KT6 5HD Dlrector5 and Trustees The Oirertor5 of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees Served during the year- Ali Pourghazl Navld Pourghazi Accountants Flintham Mackenzie 277-279 Chiswick Hi8h Road London W44PU The Trustees are responsible for keeping proper accounting ￿ordS that disclose with reasonable accuracy at any time the finanaal positlon of the charity and to enable them to ensure that the financial statement5 comply with the Companies Att 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the P￿ventIOn and detection of fraud and other irregularitle> The above report has been prepared in accordance wrth the provisions applicable to companies subject to the small companies regime a5 set out in Part 15 of the Companies Act 21Th and in accordance with the Charities SORP IFRS 102). Signed on behalf of t Ali Pourghazi Trustee 11 June 2026 Omld Trust Independent £xamlner5 Report Independent Examiner's Report to the tJustses of Omld Trust I report to the charity trustees on my examination of the financial statements of Omid Trust for the year ended 28 February 2026. Responslbllltles and basis of report As the charity's trustees of the company land also its directors forthe purposes of company lawl you ore responsible for the preparation of the financial statements in accordance with the requirements of the CompaniesArt 20061'the 2006 Act. aving satisfied myself that the financial ststements of the Charity ère not required to be audlted under Part 16 of the 2(K)6 Art and afe eligible for Independent examination. I report in respect of my examination of your charity's financial statements as carried out under settion 145 of the Charities Act 20111'the 2011 Act,). In carrying out my examlnation I have followed the Directions given by the Charity Commisslon under section 145151 Ibl of the 2011 ACL Independent examlnerfs Statement I have completed my examination. I can confinn that no malerial matters have come to my attention in connection with the examination giving me cause to believe: accounting records were not kept in accordance with section 386 of the 2006 Act . or the financial statements do not accord with those records,. or • the financial statement5 do not comply with the accountin8 requirements under section 396 of the 2C(J6 Act other than any ￿QuireMent that the financial statements give a *rue and fair, view which is not a matter considered as part of an independent examination- or • the financial statements have not been prepared in accordance with the methods and principle5 of the Statement of Recommended Practice for accountin8 and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021. I have no concern5 and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial ststements to be reached. Flintham Mackenzie Limited ICAEW Flintham Mackenzle 277-279 Chiswick High Road London W44PU 11 June 2026 Omld Trust statèrnÈnt of Financlal Actfvltles forthe year ended 28 February 2026 Unrestrirted funds Total fvnds Totsl funds 2026 2026 2025 Income and endowments from.. Other trading artNities 76.987 76.987 83.151 Total 76.987 76,987 83,151 Expenditure on: Charitable activities Other ,0[￿) 15.620 12,1)XJ 15,620 12,C 32,740 Total 27,620 27,620 44,740 Net gains on investments Net Income 49,367 49,367 38,411 Transfers between funds Net Income before other galnslllossesl 49,367 49,367 38,411 othèr 8ains and losses Net mov¢m¢nt in fvnds 49.367 49,367 38,411 Reconclllatlon of fvnd5: Total funds brought forward 626.55S 626,555 588,144 Total funds carrled forward 675,922 67S,922 626,555 Omld Trust Summary Income and Expenditure Act￿nt for the year ended 28 February 2026 2026 20Z5 Income 76,987 83,151 Gross Income for the year Expenditure 76.987 83,151 27.693 44,429 Interest payable 173) 311 Totsl expendlture for the year Net income before tax for the year 27,620 44,740 49,367 38.411 Net Income for the year 49.367 38,411 Omld Trust Balance Sheet at 28 February 2026 Company No. 09142393 2026 2025 Flxed assets Investments 727.306 727.306 727,306 727,306 Current assets Debtors Cash at bank and in hand 2,056 60,202 62,258 177,6861 115,4281 711,878 5,302 4,556 9,858 171,5981 161,7401 665,566 14,2801 Credltors: Amount fallln8 due within one year Net current Ilabllities io Total asset5 less current Ilabllltles Credltots: Amounts falling due after more than one year li {1,2251 Provlslons for Ilabllltles 12 134,7311 134,7311 Net a55et5 excludlng pension asset or Ilabillty 675,922 626,555 Totsl net assets 675,922 626.555 The funds of the charlty Restrl¢ted fvrxls Unrestrlcted funds General funds 13 13 493,126 443,759 493,126 443,759 ReseNes 13 Revaluation reserve 182,796 182.796 182,796 182,796 Total fund$ 675,922 626,555 These accounts have been prepared in accordance with the special provi%ons of Part 15 of the Companies Act 2006 relating to small companies. For the year ended 28 February 2026 the company was entitled to exemption under section 477 of the Companies Att 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2CKJ6. The directors acknowledge their responsibilities for complying with the ￿qUirements of the Companies Act 2006 with respect to accounting record5 and the preparation of accounts. Approved by the board on 11 June 2026 And si ne on its behalf by: Ali Pourghazi Omld Trust Balance Sheèt Trustee 11 June 2026 Omld Trust Notes to the Accounts for the year ended 28 February 2026 l A¢countln8 policies Basls of preparatlon The financial statements have been prepared in accordaTrce with Accountin8 and ReportiTrg by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance wlth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective I January 2015} - (Charities SORP {FRS 10211, the Financial Reportin8 Standard applicable in the UK and Republic of Ireland IFRS 102) and the Companies Act 2CI)S. Change In basls of a¢¢ounfjn8 or to previous accounts There has been no change to the accounting polic￿$ Ivaluation rules and method of accountlngl since last year and no changes have been made to accounts for prevlous years. Fund ac¢ountlTr8 Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity. These are unrestricted funds earmarked by the tru5tee5 for particular purposes. These are unrestricted funds whith indude a revaluation reserye 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 Recognit5on of in¢ome Income is included in the Statement of Financial Actlvities ISOFAI when the charlty becomes entitled to. and virtually certain to ￿(eiVe. the income and the amount of the income can be measured wilh sufficient reliabillty. Income with related Where income has related expenditure the income and related expendlture is expenditure reported gross in the 5oF Donatlons and legacies Voluntary income received by way of grants, donations and gifts is included in the the SOFA when receivable and only when the Charity has unconditional entitlement to the income. Tax reclalms on Income from tax reclaims is included in the SOFA at the same time a5 the donations and gifts giftldonation to which It relates. Donated seThices These are only included in income {with an equiwdtent amount in expenditure) and facililie5 where the benefit to the Charity Is reasonably quantifiable. measurable and material. The value of any vol￿nteer help received is not included in the accounts. Volunteer help Inv@stm@nt incomè This is in¢lud@d in the accounts when receivable. Gainslllossesl on This Includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. asset5 Gains/llossesl on Investment asset5 This includes any gain or10s5 on the sale of investment Omld Trust Notes to the Accounts Expendilure Recognltion of expenditure Expenditure is recognised 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. Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising fund5 trading Costs and investment management costs. Expenditure on These comprlse the costs incurred by the Charity In the dellvery of its act6vities and charitable activlties 5ervice5 in the furtherance of its objects, including the making of grants and govemance 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 associated ￿th meeting the constltutional and statutory requirements of the Charity. induding any audit/independent examination fees, costs linked to the strategic management of the Charity. together w5th a share of other administration costs. other expenditure These are 5UPPOrt C05t5 not allocated to a particular activity. Grants payable Governance costs Taxation The charity is exempt from corporatlon tax on its charitable activities. Freehold Investment property Investment properties are measured initialty at cost and Subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise. Trade and other debtors Trade and other debtors are recognised at the settlement amount due after any trade dlscount 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 deposits with banks and other short_term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowin8s or current liabilities. 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 credltofs Short term creditors are measured at the transaction price. Other cred¢tors and provisions are recognised whère 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 obli8ation can be measured or estimated reliably. Creditors and provlslons are normally recognised at their settlement amount after allowing for any trade discounts dLte. 2 Company ststU5 The company is a prlvate company limited by guarantee and consequently does not have share capital. Omld Trust Note5 to the Accounts 3 Ststement of Financlal Actlvltles- prlor year Unrestrirted funds Total fund5 2025 2025 Income and endowments from: other trading activitie5 Total 83,151 83,151 83,151 83,151 Expenditure oft: Charitable activities 12,C 32,740 12,000 32,740 other Totsl 44,740 44,740 Net Incorne 38,411 38,411 Net income before other galnslllosses} Other galns and losses.. Net movement Infunds 38.411 38,411 38,411 38.411 Reconclllation of funds: Total funds brought forward Totsl funds carrled forward 588.144 588,144 626,555 626,555 4 Income from other tradlng attl¥ftles Unrestrlrted Total Totsl 2025 2026 76,987 76,987 76.987 76,987 83,151 83,151 5 Expendlture on tharltsble actmtles Unrestricted Totsl Total 2026 2025 Expenditure on charithble actlvitles 12.QKK) 12,(KK) I2,￿0 Governance costs 12,CO) 12,( 12.000 Omid Trust Notss to the Ac¢ounts 6 Other expendtture Unrestrkted Totsl Total 2026 2025 Bank loan and overdraft interest payable (731 1731 311 Premise5 Costs 10.292 2,796 2.605 15,620 10.292 2.796 2.605 15.620 27,269 298 General administrative costs Legal and profe55ional costs 4,862 32,740 7 Staff costs There were no employees during the year. 8 Investments Freehold Investment Property Totsl Cost or revaluation At l March 2025 At 28 February 2026 Net book values At 28 February 2026 At 28 February 2025 9 Debtors 727,306 727,306 727,306 727.306 727,306 727,306 727.306 727.306 2026 2025 Trade debtor5 Prepayments and accrued income 329 1,727 2.056 2.250 3,052 5,302 10 Creditors: amounts falling due withln one year ZOZ6 2025 Trade creditors Other taxes and social security Loans from trustees other creditors 72,OCx) 670 60,￿0 1,313 5,IX)O 600 Accruals Deferred Income 2.530 2.475 2,210 71.598 77.686 Omld Tfust Notes to the Accounts 11 Credltor5: amountsfalling due after MO￿ than one year 2026 2025 Bank loans and overdraft5 1,225 1,225 4.280 4,280 12 Prov151ons Other provislons Total At l March 2025 At 28 February 2026 34.731 34,731 34,731 34,731 13 Movement In tunds Incomin8 resources Ilncludln8 other At l Marth gain5nosses 2025 Resources expended At28 February 2026 Restricted funds: Unrestrlcted funds: General funds 443,759 76,987 127,6201 493.126 Revaluatlon Reserves: Revaluation fund 182,796 182,796 Totol revoluirtion resefve5 182,796 182.796 Total funds 626.555 76,987 127,6201 675.922 Purposes and restrictions in relotion to the funds: RevalLtation reseNes Represent the amount by which investments exceed their historical c05t, 14 Analysls of net assets between funds Unrestrlrted funds Total Investments 727.306 115,428) 727,306 115,428) Net Current assets Creditors due in more than one year and provisions 135,9561 135,956} 675,922 675.922 Omid Trust Notes to the Accounts 15 Re¢ontiliation of net debt At28 February 2026 Atl Mar¢h 2025 Cash flows Cash and cash equivalents 4,556 4.556 55.646 55,646 60,202 60,202 Bank loans 14,280) 14,280) 3,055 3.055 1.225} 11,2251 Net debt 276 58.701 58,977 16 Related party disc105ures Controlllng porty Omid Trust Detailed Staterneni of Financial ActF¥ities for the year ended 28 February 20Z6 Unrestrlcted fvnds Total funds Totsl funds 2026 2026 2025 Income and endowments from: other trading activities 76.987 76,987 76.987 76.987 83.151 83,151 Totsl Income and endowments 76,987 76.987 83,151 Expenditure on: Charitable activities 12,(M) 12,OL)J 12,000 12,(J)O 12,OCK) 12,OCI) Totsl of expendlture on charitsbte actlvities 12.CLX) 12,000 12,OCY) Other expenditure Bank loan and overdraft interest payable {73} {73 311 1731 173 311 Premises costs Rates 2,534 1,080 2,296 Light, heat and power Premlses insurances Premises repairs and maintenance 1,406 2,403 2,403 6.139 6,139 21.359 10.292 10,292 27,269 General administrative cost5. including depreciation and amortisation Bad debts Bank charges Posta8e and courier5 Software, ITsupport and related costs 2,555 31 2,555 31 42 210 210 250 2.796 2,796 298 Legal and professional costs Accountancy and bookkeeping Other legal and professional costs 2.530 2,530 2,617 7S 75 2,245 2.605 2,605 4,862 Totsl of expendlture of other costs Total expendSture Net gains on investments 15.620 15,620 32,740 27.620 27,620 44,740 Omld Trust Detalled Statement of Flnandal Activlties Net Income 49,367 49.367 38,411 Net Income before other 8aln5111osses) Other Gains 49,367 49.367 38.411 Net movement In funds 49.367 49,367 38.411 Reconclllatlon of fvnds: Total funds brought forward 626.555 626,555 588,144 Total fvnds carrled forward 675.922 675.922 626,555 FLINTHAM MACKENZIE 277-279 ChiswK* HvJh Road 020 8742 1015 www.fmllp.nel Office.admin CHARIEREE>ACCOUNIAP4TS AND CHAR TERED TAX At)VlSORS W4 4PU fmllp.net TAX INVOICE In¥olc¢ Dat¢ 11 Jun 2026 In¥oi¢* Number 1742967 Chenaar Limlted 4 ShaTon c105e Lont Ditton Surbiton, SuNev England Krs SHD VAT Number 125097226 A￿OUnt Referen¢e CHENOI Descrlptlon Unlt Prfce VAT Amount GBP Reimbuisement of Companies Housefee. Adrnln CharBes- Confirmation Statement Preparatlon. revlew, and filin8 to en5￿￿¢ compllante rtawtory requlrements. 50. No VAT 50.00 50A 5ubtrrtal loo.00 NoVATTotal VAT 20% Total 10.00 1mloi￿ Total G8P iio.00 Am￿Irt Due <7OP iio.oo PI7Yn￿ntIs due by 25 Jun 2026 e¢yse use Involce 4ryumberos ￿￿rp￿yMertyefrr*￿C¢ Bonk.. IloydsBonk Pk A(c¢￿￿t￿arne.. Fllnthum Mq¢kenzle Ltd countNymber.' 11541764 Sortcode.. 3fy9fv24 8K,. LOYDG821014. IBAf4.' fj829£0VD30962411541768 FLINTHAM MACKENZIE 277-279 Chi5w#* HvJh Road 020 8742 1015 Yw.finl¥J.nel Of￿e.admin@lml1P.rtet CHAATERED ACCOUNTANT8 ANO CHARfERÈD TAX ADVISOR5 W4 4PU TAX INVOICE In¥ol¢• Datè IL JuTr 2026 Involt4 Number 1742968 Coll*rs Wts)d Investments ilmlted 45haron Clost Long Ditton Surblron England Kf6 5FID VAT Number 125097226 unt Reference COLLOI De5crlptlon UnTI Prke VAT Amount GBP Relmbijrsement of CompaThRs House fee. AdmSn Ch3rge8- Confirrnatlon Ststernent Preparation, revlew. and Illln8 10 ensure com￿￿anCe wtth Stat￿Ory requlrements. soTh) No VAT 5Q.00 50LO 50.00 Subtotsl 100.00 NoVATTotal 0.00 VAT 20%Totol 10.00 Invoice Total GBP iio.00 AmountDu• GBP Payment is due by 25Jun 2026 Pleose useknvol¢enJmherths yowpoymentrefvre•K¢ bunk.. Iloyds Oonlr Pk A¢¢ountAl4me.' Fllnthum Mo£kenzL• Ltd AccountP4umber.' 11541768 Sort Code.. ￿24 IC. LOYDG821014. IBAN.. GB29LOYD 3CW2411541768 FLINTHAM MACKENZIE 277-279 Chi8wKk High Road Lor#Jon W4 4PU 020 8742 1015 wt*n¥.fmllp.nel offw.admin@frnllp.nel CHARTIRED ACCOUNTANTS ANtI CHARTI.RED fAX ADWSORS TAX INVOICE Invdce Date 11 Jun 2026 Involce Nurnber 1742969 P-unlt Management Llmltsd 4 Sharon Close Long Ditton Surbito Surrev KT6 5HD VATNumb¢r 125097226 A¢wint Reference PUNIOI Descrlptlon Unlt Prlce VAT Amount GBP ReifflbuT5ement of Companle5 House fee. Admin Charge5- Confirmation Statement Preparatlon, ￿VIeW. and filin8 to ensure compfiante with statutory requlr*ments. No VAT zo% Subt(rtal I￿.00 No VATT(>tsl VAT 21J%Totsi 10.00 InvotceTotal GBP iio.00 An￿nt Due GBP iio.00 Poymentls due by 25 Jun 2026 8¢vnk.. Ilpyds Pk A¢countName.' Flinthtvm Mudten¥ie Ltd AccountNuml)er." 11541768. Sort Code..￿9￿4 BIC,. LOVOGB210J4 IFAN., Gb29 LOYD309fj2411541768