# **CHARITY REGISTRATION NUMBER 1196087 THE MA'ARIF FOUNDATION UK** # **FINANCIAL STATEMENTS 31 DECEMBER 2024** ## **THE MA’ARIF FOUNDATION UK** ## **FINANCIAL STATEMENTS PERIOD TO 31 DECEMBER 2024 CONTENTS PAGE** Trustees Annual Report Independent Examiners Report 5 Statement of Financial Activities 6 Balance Sheet 7 Notes 8-9 ## **THE MA’ARIF FOUNDATION UK** ## **TRUSTEES ANNUAL REPORT PERIOD TO 31 DECEMBER 2024** The Trustees have pleasure in presenting their report and the unaudited financial statements of the Charity for the period to 31 DECEMBER 2024. ## **REFERENCE AND ADMINISTRATIVE DETAILS** **Registered charity name** THE MA’ARIF FOUNDATION UK ## **CHARITY REGISTRATION number 1196087** **Registered office:** 4 STRONE ROAD, LONDON, E7 8EU ## **THE Trustees** The Trustees who served the charity during the period were as follows: INAMUL HASAN EBRAHIM ISMAIL PATEL SAEED MAHMED MOHAMMED AHMED SIDAT ## **Charity Accountants** Fusion Accounting Ltd 398A East Park Road, Leicester, LE5 5HH ## **Independent Examiners** Ryalls HMB Limited 97 Evington Drive, Leicester, Leicestershire, LE5 5PH ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** THE MA’ARIF FOUNDATION UK is a Charitable Incorporated Organisation (CIO) registered with the Charity Commission on 08/10/2021. ## **OBJECTIVES AND ACTIVITIES** The objectives of the organisation, as set out in its governing document are: To relieve financial hardship among poor people, orphans and other people in need by means of, but not exclusively, making grants for providing or paying for items, equipment, services and facilities, including the provision of food, water and clothing, costs for medical treatment and costs for attending school for the benefit of the said persons ## **ACHIEVEMENTS AND PERFORMANCE** During the period, the trustees secured donations from the public for humanitarian projects in India. The trustees worked with partner charities in India for the delivery of humanitarian projects which allowed the trustees to deliver the winter blanket distribution, the water well project, the water hand pump project, widows support project, livelihood support project, medical aid project, school sponsorship project, shelter project and feeding project for the poor benefitting over 10,000 poor and needy people during the period. **- 2 –** ## **THE MA’ARIF FOUNDATION UK TRUSTEES ANNUAL REPORT** _**(continued)**_ **PERIOD TO 31 DECEMBER 2024** ## **PUBLIC BENEFIT STATEMENT** The trustees have considered the general guidance on public benefit issued by the Charity Commission and has taken due regard of that guidance. The trustees consider that they are satisfied that the charity’s activities do benefit the public as it is relieving financial hardship in meeting an identifiable need. The trustees have benefitted many individuals and families and has helped them to fulfil their basic needs to sustain life. ## **FINANCIAL REVIEW** The trustees secured income of £772,076 during the period of which £487,023 were grants received from other charities. The expenditure during the period was £767,212 of which grants were £765,286. This generated a surplus of £4,864. Keeping in line with the 100% donation policy and the need to carry out all projects within the period, the charity held £5,080 in unrestricted reserves at the end of the period which will be used for future charitable expenditure. ## **PLANS FOR FUTURE PERIODS** Future plans are to continue to run the various humanitarian projects and impacting the lives of thousands of those in hardship and poverty. ## **RESPONSIBILITIES OF THE TRUSTEES** The charity's trustees are responsible for preparing the Trustees Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to: - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the Charities SORP; - make judgements and estimates that are reasonable and prudent; - state whether applicable accounting standards have been followed, subject to any material - departures disclosed and explained in the financial statements; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 1993 and the Charity (Accounts and Reports) Regulations 2008. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. - **3 -** ## **THE MA’ARIF FOUNDATION UK TRUSTEES ANNUAL REPORT** _**(continued)**_ **PERIOD TO 31 DECEMBER 2024** ## **APPROVAL** The report was approved by the Trustees on 10/10/2025 And signed on their behalf by __________________________________ Inamul Patel Chairman & Trustee **-4-** THE MA'ARIF FOUNDATION UK INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF I re￿rt to the chty tru*ees on my &¥an1natk￿ (rf the of the Cherlty forlhe Y￿ ended 3Crth DECEMBER 2024. Respon8lblllll•8 a￿1 bAsI8 of rgwi consider that an audit is not requred for this ye¥ under sedIC￿ 144 cl the Charli￿5 Ad 2011 (￿e Charities A￿} that ￿ Indep￿dent examith is suffic4ent ext￿1 swtlny. tt is my responsibifjty lo: ex￿ine the ￿￿MIts under sed#)n 145 rf the Chwities Ad. to follcw the yo￿d{￿e$ laMJ in the general Direc1K￿s gi¥en by the Chwity mission (under se(*ion 1495)(b) crf the Chwltles Act, ¥KI to pa1￿lar matters have come to my attention Basls of Ind•pondont examlnees statom•nt Commission. An exanNnatNXI includes a review of the ac(x>untffy re￿Xd5 kept by the tharrty and a comparis(m of the acc(￿nts ￿es￿ted th06e re¢￿d8. tt also includes consideration of any unusual rtems or disdosures in the and seekiw expknati￿s from the tru*ees concemlng any suth mattws. The wocedures undertth do not WOVKle all the eVid￿Ce that V4Y)ukl be requwed in ￿ audit. C(￿SeqUentIY no opinion is given as to ￿thether the acmints a Irue and fair view and the rep(¥t is linled lo those matters sel |**Funds**|**31 Dec 24**|**_31_**|**_Dec 23_**| ||**Note**|**£**|**£**|**£**|**£**|| |**INCOME from**||||||| |donations and legacies|
**3**|**285,053**|**487,023**|**772,076**|**244,131**|| |charitable activities||||||| |other trading activity||||||| |Investment income||||||| |Other income||||||| |**Total**||**285,053**|**487,023**|**772,076**|**244,131**|| |**EXPENDITURE**||||||| |on raising funds||**-**|**-**|**-**|**-**|| |charitable activities|**4**|**280,189**|**487,023**|**767,212**|**246,546**|| |other expenditure||**-**|**-**|**-**|**-**|| |**Total**||**280,189**|**487,023**|**767,212**|**246,546**|| |Net Income before Tax||**4,864**|**-**|**4,864**|**(2,415)**|| |Tax payable||**-**|**-**|**-**||| |Net income after Tax||**4,864**|**-**|**4,864**|**(2,415)**|| |Net gains/losses on assets||||||| |
**NET INCOME**||**4,864**|**-**|**4,864**|**(2,415)**|| |Transfers between funds||||||| |||**-**|**-**|**-**|**-**|| |Net movement in funds||||||| |||**-**|**-**|**-**|**-**|| |**Reconciliation of funds**||||||| |Total funds brought forward||**216**|**-**|**216**|**2,631**|| |**Total funds carried**||**5,080**|**-**|**5,080**||**216**| |**forward**||||||| **-6-** ## **THE MA’ARIF FOUNDATION UK BALANCE SHEET PERIOD TO 31 DECEMBER 2024** |||||**Total Funds**|| |---|---|---|---|---|---| |||**Unrestricted**|**Restricted**|**Period to**|**_Total_**| |||**Funds**
|**Funds**|**31 Dec 24**|**_31 Dec 23_**| ||**Note**|**£**
|**£**|**£**|**£**| |**FIXED ASSETS**|||||| |Tangible fixed assets||**-**||**-**
|**-**| |**CURRENT ASSETS**|||||| |
Cash in hand and bank|
|**5,500**|**-**|**5,500**
|**216**| |**Total**||**5,500**|**-**|**5,500**
|**216**| |
**LIABILITIES**|||||| |Creditors falling due within|
**5**|**420**|**-**|**420**
|**-**| |one year|||||| |
Net current assets|
||||| |
Total assets less current|
|||**5,080**
|**216**| |liabilities|||||| |
**Total Net Assets**||||**5,080**
|**216**| |**The funds of the charity**|||||| |Unrestricted funds||||**5,080**
|**216**| |Restricted funds||||**-**
|**-**| |
**Total**|
|||**5,080**
|**216**| These accounts were approved by the Trustees on 10/10/2025 And signed on their behalf by __________________________________ Inamul Patel Chairman & Trustee **- 7-** ## **THE MA’ARIF FOUNDATION UK** ## **NOTES TO THE FINANCIAL STATEMENTS PERIOD TO 31 DECEMBER 2024** ## **1. ACCOUNTING POLICIES** ## **a) Basis of accounting** The accounts have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and with the Charities Act 2011. The new accounting policies are relevant to the size and nature of the charity's income for the period. The prior year accounts were based on a receipts and payments basis and are stated on an accrual basis in the comparison column for prior year. The change of accounting format was needed due to the increase of income beyond £250,000. The change in accounting policy has only resulted in minor non-material differences arising. As such no requirement to restate prior or current year figures has arisen. The charity constitutes a public benefit entity as defined by FRS 102. ## **b) Fund accounting** Unrestricted funds are general funds that are available for use at the trustees' discretion in furtherance of any of the objectives of the charity. Restricted funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose and the restriction means that the funds can only be used for specific projects or activities. ## **c) Incoming resources** Voluntary income, including donations, gifts and legacies and grants that provide core funding or are of a general nature, are recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability. Income from charitable activities includes income recognised as earned (as the related goods or services are provided) under contract or where entitlement to grant funding is subject to specific performance conditions. Grant income included in this category provides funding to support programme activities and is recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability. ## **d) Resources expended** Expenditure is recognised when a liability is incurred. Funding provided through contractual agreements and performance related grants are recognised as goods or services are supplied. Other grant payments are recognised when a constructive obligation arises that results in the payment being an unavoidable commitment. Costs of raising funds are those costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds. **-8-** ## **THE MA’ARIF FOUNDATION UK** ## **NOTES TO THE FINANCIAL STATEMENTS (continued) PERIOD TO 31 DECEMBER 2024** ## **2. Staff Disclosures** Total number of staff employed is 0. No staff received remuneration above £60,000 during the period. ## **3. INCOME from donations and legacies** ||**Unrestricted**|**Restricted**|**Total**| |---|---|---|---| ||**£**|**£**|**£**| |Donations|**259,926**|**-**|**259,926**| |Gift Aid|**25,127**|**-**|**25,127**| |Grants - From Institutions||**487,023**|**487,023**| |**TOTAL**|**285,053**|**487,023**|**772,076**| |**DITURE Charitable activities**|||| ||**Unrestricted**|**Restricted**|**Total**| ||**£**|**£**|**£**| |Grants - to Institutions|**278,263**|**487,023**|**765,286**| |Administrative Costs|**1,926**|**-**|**1,926**| |**TOTAL**|**280,189**|**487,023**|**767,212**| ## **4. EXPENDITURE Charitable activities** ## **5.LIABILITIES: Amounts falling due within one year** ||**£**| |---|---| |**Trade creditors**|| |Accruals|420| ||=====| |TOTAL|**420**| ## **6. CONNECTED PARTY TRANSACTIONS** There were no remuneration or payments to trustees or connected parties. **- 9 -**