MADEENAT At-ELM CULTURAL FOUNDATION Charlty No. 1198154 Company No. Trustee3' Report and UnBudited A¢Unts 31 March 2025
MADEENAT AL.ELM CULTURAL FOUNDATION Contents Pages TrusTee5' Annual Repon Independent FxAminÈr's RepDrt Statement of Financial Activities 2to3 Balan Sheet Notp< tn the Accounts 7tolO Detailed Statement of Financial Artivities li PaEe I
MAOEENAT AL4LM CULTURAL FOUNDAnoN Tyustees Annual Report The trustees, who arc al0 directors of the charity forthe purposgs of the Companies Art 20(. present their report with the unaudited finan¢i31 ststements of th@ charity for thg ypar Ènded 31 March 2025. Company No. Charity No. 1198154 Prlnclpal OFfice 50 Northwick Avenue Harrow Middlesex HA3 OAB Dlrectors and Trustses The Directors ot the charitable company are its Trustees for the pr[se5 of chtirily lilw. The following Direttors ond Trustees served during the year.. A.H.S. Al- Fayyadh M.M.l.M.R.A. Al- Faadh M. Asif H. Hessari l. Salehi Accountants Matplus Charterd Accountants 22 Watford Rd Sudbury Town WeTnbley HAO 3EP OBJECTIVES AND ACYIVITIES The chariTy strlves io advan the 151attiiL Reli8ion Sli the United Kin8dom for the benefit of thc public through the provision and maintenance of a buildin8 used for reli8ious practice, the conducting of religious ceremonies or the celebration of marria8es or fijnerals, promoting the study of religlous ceremonies or the celebration of marriages or scriptures, the holding of prayer meetings, the holding of lertures to enlighten others about the Islamic Reli8ion. the holding of Farsi lan8iJagp classes and Quran clas*s. The prevention and felief of poverty withln local communlties in the UK and across the world by provlding grants and Items to individuals in need and other charities or organisations to relieve povenv. Public benefit The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake. ACHIEVEMENTS AND PERFORMANCE Since the charity was formed, no activity has taken place but the m5tee5 are hvpeful lo commence charitable projects in the next year. FINANCIAL REVIEW Page 2
MADEENAT ALLm CULTURAL FOUNDATION Tn4Sta•s Annual R•port It is the policy of the charity that unrestricted funds which have not been desi8nated for a specific use should be maintained at a level equivalent to between three and six month's expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in fundiflgi they will be able to ontinue the charity's CUrt activities while Consideration is given to way5 in which additional funds may be raised. Thls level of reseNes ha5 been maint#irted throushout the year. STRucfuRE, GOVERNANCE AND MANAGEMENT The charlty15 a Ihaiiti¢iblY iriiurporaLed or8an15atlon resi5tered wrth the Charity Commission In March 2022 under charity number 1198154. It IS Soverned by the constitution dated 7 March 2022. The Trustees are responsible for keepins proper accounting records that disclose wlth reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 26. The Trustees are also responsible for safeguarding the assets of the charlty and hènce taking reasonable gteps for the prevention And dotertion of fraud and other irregularities. The above report has been prepared in atcordance with the provisitsns applicable to companies subject to the 5mill companies rcsimc as set out in Part 15 of the Companies Act 2006 and in accordancè with the Charities 50RP IFRS 1021. Sl8ned on behalf of the board H. Hcssari Trvstee 31 March 2025 Page 3
MADEENAT AL-ELM CULTURAL FOUNDATION Independent Examiner5 Report Independent Examlner's Report to the tntstees of MADEENAT AL-ELM CULTUIIAL FOUNDATION I report to the charity truslees on my examination of the financial Statements of MADEENAT AL-ELM CULTufiAL FOUNDATION forthe year ended 31 Morch 2025. Responsibilitles and bask of report As the charity'-. trustees of thè company land also its dirertors ft)rthe purposes of company lawl vou are responsible forthe proparation of tho fin3ncial st2tpmentg in accordance with the requirements of the Companies Art 20061'the 2006 Act. Having satisfied myself that the financial statements of the Charity are not required to bè audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's financial -tatements as carried out under section Ids of thp C_harities Att 20111'the 2011 Act'l. In carryins out my examination I hav8 followed the Dlrertions given by the Charity Commission under sectlon 145151 Ibl of the 2011 Act. Ind¢pÈndont ex*minerfs statement I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination gwin8 me cause to belleve: • accounting records were not kept in actordance with section 386 of the 2tKJ6 Act,. or the financtal statements do not arr.nrd with those records: or the financial gtstempnt< not comply with the accour$tin requirements under section 396 of the 2006 Act other than any requirement that the financial Statements give a 'true and fair. view which Is not matter considered as part of an Independent eXamInlOn- or the financial statements have not been prepared in accordan with the methods and principles of the statement of Recommended Practice for accounting and reporting by tharities applicable to charities preparing their accounts in accordance with the Financial Reportirig Standard applicable in the UK and Aepubllc of Ireland (FR5 1021. I have no concerns and have come across no other matter5 In conneilion with the examination to which attention should be drawn in thi5 report in order to enable a proper understsnding of the financial ststements to be reached. Mr Arrfali Punjani Matplus Charterd Accountants 22 Watford Rd SudburyTown Wemblev HAO 3EP -41 March 2025 Page 4
MADEENAT AL-ELM CiILTURAL FOUNDATION Statement of Finan¢ial Artlvlties forthe yearended 31 March 2025 Unrestrfcted funds Total funds Totsl funds 2025 2025 2024 Notes Income and endowments from: Donatlons and legacies 16,920 16,920 20,799 Totsl 16.920 16,920 20,799 Expenditure on: Charitsble activities Other ¥J.846 1,920 30,846 1.920 703 Total 32,766 32,766 1,303 Npt eainq on investments Net lexpendbtsre)/in<ome Transfers between funds 115,8461 115,8461 19,496 N•t (expendlturÈlllncome before other galnslllosses) 115,8461 19,496 115.8401 Other Bains and losses Net movement in fund5 115,8461 115,8461 19,496 Reconciliatton of funds: Total funds brou8ht forward Total funds ¢arrl•d forward 22,416 22,416 2,920 6.570 6,570 22,416 Page 5
MADEENAT AL-ELM CVLTURAL FOUNDATION Balance Shoet at 31 March 2025 Company No. Notes 2025 2024 Cyrrent a55ets Cash at tsank and In hand 8,370 8,370 11,8001 b,510 6.570 22,896 22,896 14801 22,416 Cr¢ditors: Amount fallin8 due withirh one year Net eurrent assets Totsl 855ets less Current liabilities 22,416 Net assets excludlryx pen51on a55Et gr li•bllltv 6,570 22,416 Total net assets 6,570 22,416 The funds of tharlty Restricted funds Unrestrirted funds General funds 6,570 21,d16 6,570 22,416 ResebV¢S Total lunds 6,570 22,416 These accounts have been prepared in accordance with the special provisions of Pirt 15 of the Companles Act I6 relattng tn gmall companies. For the year ended 31 March 2025 the company w35 entitled to exemption under section 477 of the Companies Act 20Ub relating to small companles. The members have noi qUIred the company to obtilill ali audit in accordance v4ith section 476 of the Companles Act 201A. The directors acknowledge thelr responsibilities for complying with the reqLsirements of the Companles Act 2006 with respert to actounting records and the preparation of actounts. Approved by the board on 31 March 2025 And giened on its bp.half by: H. Hessari Trustee 31 March 2025 Page 6
MADEENAT AL-ELM CULTURAL FOUNDATION Notes to the Aryounts for the yearended JI March 2025 l Accounting policie5 Basts of preparatity) The financial statement3 have been prepared in accordance with Accounting and Reporting hy Charities: ststement of Recommended practi applicable to charities preparing their atcounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective I january 20151 (Charities SORP IFRS 10211, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companig.s Act 2006. These are available tor use subject to re5zrictlons Imposed by Llie donor or through terms of an appeal. Restrirted fijnds Income Reco£nition of Income Income is recognised when the charity is le8ally entitled to it after any perform8n¢e conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. C3<h df)nations are reco£nised on receipt. Other donatlons are recognised once the charity has been notified of the donation, unless performance conditions require deterral of the amount. Income tax rerDvertibl¥ iii relation to donations received under Gift Aid or rjeeds of covenaiit is iecogiTri5ed at the time of the donation. Legacie5 are recognised on receipt or otherwise if the charity has been notified of an impending di5trlbution, the amount Is known, and reteipt is expected. i*the amount is not known, the legacy is treated as a contingent asset. Expendlture Reco8nition of expenditure Empenditure Is recognisod once therè Is a le8AI t)r constnJctNe obligation to tTansfer etonomkc benefst to a thlrd party. it is probable that a transfer of economic benefits will be required in settlement. and the amount of the obligation can be measured reliably. Expenditure is classift.ed by aaiviry. The cosis of each ailivlly are made up of the total of direct costs and shared cost5, Includiiig support costs involved in undertaklng each attivity. Dlrect C05ts attributable to a sin8le activity are allocatÈd directly to that activity. Shared costs which contribute to more than one aetivity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the ijse of rèsources. Central staff costs are allocated on the basis of time spent and deprèciation charges are allocated on the portion of the asset's Ltse. Page 7
MADEENAT AL-ELM CULTURAL FOUNDATION Not•$ to th• Accounts Trade and other debto Trade and other debtors are recognlsed atthe settlement amount due after any trade discount offered. Prepayment5 are valued at the amount prepaid net of any trade discounts due. Cash and cash équivalents Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term high liquid investments with ori8inal maturities of three months or less and bank overdraft In the statement of financial position, bank overdraft5 are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown nct of bank overdrafts that are repayable on demand and form an integral part of the company's cash mana8ement. Trad• and oth•r ¢r•dltors Short term crèditors are measurgd at th& franrtIon price. OthÈr credltors and provisions are recoEnised where the charity has a present obligation resulting from a past event that will probably result in the transfer o* fvnds to a third party and the amount due to settle the obligation can be measureLt or estimated reliably. Creditors ond provisions a normally recognised ai thelr selllemenT amount after allowinR for anv trade discounts due. 2 Companv ststus The company is a private company limited by guarantee and consequently does not have share capital. 3 Ststement of Flnanclal Artlvltles- wlor year Unrestrirted funds Totsl fisnds 2024 2024 Income and endowments from: Donations and legacies 20,799 20,799 Totsl 20,799 20,799 expenditure on: Charltable activitie5 703 703 other 600 Total L303 1.303 Net ineom• 19.496 19,496 Net Income before other 8ains/l1055es) Other galns and losse5: Net movement in funds 19,496 19,496 19,496 19,496 Recon¢lltation of funds: Total fvnds brought forward Total funds carrled forward 2,920 2,920 22,416 22,416 page 8
MADEENAT AL4LM CULTUIL4L FOUNDATION Notes to the Accounts 4 Income from donatlons and legacies Unrestrkted Totsl Z025 Totsl Z024 16,920 16,920 16,920 16,920 20,799 20.799 5 E]tpÈnditure on charitable artlvltles Unrestrlrted Toial Total 2D25 2024 Expcnditure on choritoble tictivffties 30,846 30,846 703 Governunce costs 30.946 30,846 701 6 Other exp*ndlture Vnrestrfcted Totsl Totsl 2025 2024 General admlnistrative costs 60 140 Le%al and professional costs 1,860 1,920 1,860 1,920 460 600 7 Staff costs No employee received emoluments in excess of £60,(KJO. 8 Credltors: amounts falling due within one year 2025 2024 Trade creditors Accruals 1,320 480 480 page 9
MADEENAT AL*LM CULTURAL FOUNDATION Notes to the Aryounts q Movement In fvnds Incomlnl resources At31 March 2025 (induding other At l Aprfl galnsllosses Resources expended Resrrlrred fund5: Unrestricted funds: General funds 22,416 16.920 132,7661 6,570 Totsl funds 10 Analysis of net assets between funds 22,416 16,920 132,7661 6,570 Unrestrlctsd funds Totsl Net current assets 6,570 6,570 6.570 6.570 11 Reconclllatbon of net debt At31 At l April 2024 March Cash flows 2025 Cash and cash equivalewii> 22,896 22,896 114,5261 114.5261 8,370 Net debt 22,896 114,5261 8.370 12 RÈlated party disclo$ur¢s Controlling purty The company is limited by guarantee and has no Share capltal,. thus no sln8le P4lr Ly coiitrols the company. Page 10
MADEENAT AL-ELM CULTURAL FOUNDATION Detailed Statement of Financial Actsvities for the year ended 31 Mar¢h 2025 Unrestricted fvnds Total funds Total fvnds 2025 2025 2024 Incomè and Èndowments from: t)onations and legacies 16.920 16,920 16,920 16,920 16,920 20,799 20,799 Total Income and endowments 16,920 20,799 Expendlture on: Charitable activities 30,846 30.846 30,846 30,846 703 703 Total of expenditu on d)arltsbte attivitie5 703 30,846 30,846 General administrative costs, including depreciation an amortisation 8ank charges Stationery and printing 60 80 60 140 Legal and professional costs Accountaney and bookkeeping I,SGO 1,860 1,860 1,860 460 460 Total ot expendlture of other costs Totsl expÈndSture Net gains on investments 1.920 1,920 6CX) 32,766 32.766 1.303 Net (eXpendlturc)wme 115,8451 115,8461 19,496 Net lexpendTrture)/income before other 8alnsl{lossosl other Galns 115,8461 115,8461 19,496 Net movement in funds 115W61 115,8461 19,496 Reconclllatlon of funds: Total funds brought fonNard 22,416 22,416 2,920 Totsl funds carried forward 6,570 6,570 22,416 page 11