CFIARITY REGISTRATION NUMBIR.. 11911760
COMPANY REGISTRATION NUMBER.. 12716966
TALF.EM FOUNDATION
Company I,imited by Guarantee
Ilnaudited Financial Statements
31 July 2023

TALEEM FOUNDATION
Table of Contents
Page
Tru$tee's annual report (incorporating the Directors, report)
Indi'pendent examiner's report to the trustee5
Statemeht of fiDaDclal activities {includlng income and expenditllTe account)
Blllollce sheet
io
Notes to the Fin8ncial Statements

T.4LEEM FOUNDATIO.N
Trustees'Annual Report (incorporating the Dire¢tors' Report) for the year ended 31 July 2023
Thc trusiees. who are atso the directors for the PUTPOS¢S of company law, prcsent their r¢port and the unaudited
findncial slatcments ot. the charitv for the year ended 31 $1 July 2023. The tru&te¢s havc takcn advaniag¢ of thc small
compant¢b excmplion from prepariiig a Straiegi¢ Report.
Reference and administrative detaits
Registered chgrltv name:
Taleem Foundation
Charit), regi5trgtlOD number,
11987(4)
Company registratlon numher:
1271 fi()66
Princip41 oifice and registered office:
21-23 Clarcncc Road, Grays, EbSLX, England. RMI 7 6QA
The Trustees:
Abdul Baty
Muhammad Sami Sanaullah
Md Azizur Rob Chowdhury
Salt Quader
Md Omar F4￿UquC SarkLr
Companv Seeretary:
Muhatnmad Sami Sanaullah
Independent examiner".
Mcer Julhds (ind Co
37 Grecn St, Londo￿ E7 8DA

TALEE￿I Tr'OUNI DATION
Trustees, AnDual Report (Incorporating the Directors, Report) for the jear ended 31 Julv 2023
(continued)
Structure) gofrernance god mats4geme￿t
Goveriiing Doewnenl
The Charity is c0[Lqti￿1ed as a company limited by and is therefore governed by its ML'mornndurn und
ArtiLliS of A%&ocialion in¢orpordted 3 July 2020 as amended by Speci￿ rcsolution.% dat¢d.. 19 D¢cembcr 2021,. 2LI
April 20?2.' and 4 May 2024.
Owunizaiioiial s'lriiL'lure
The direciors of the company are also cliarity tru&t¢cs for the PUTP)ses of charity law. The charity tN.8t¢C5 are
respiin%ihl¥ for ihc &Lnerdl L(7nlrol and managLmcni of tlie ¢harity. Thc tni.SlLCS glyc thcir lime frccly and rccLiV¢ n(}
rcmunLrution or linancial bcn¥li18, ThL tru%lcLS MLX'I log¢ther on a regular basi.4 and are rL'sponsibl¢ tor the StraicgiL
dircction of thc Lharity. Thi day-Io&d&y manugcm¥nt of thL charity 14 ovLr5e¢n by the chicf exc¢utivc offi¢¢r, staly
members and voluniccrs.
Re¢n4iimeni fiiidAppoiiiiinent orr174siL￿e.Y
Thc cxi.4linbl tru¥1¢Lq ￿lfl. r¢%pon.%iblc for IhL recrui(mLnl dnd aprx>intsn¢ni of ncw Ini.4lees with input from advisor%,
cummunity cld¢r.% and IcadLr%. The tn14tci.% bL.liLve that this dpproaLh cn4urL'S thai nLw trustee5 arr rc.4pccted membLrs
of the I￿￿] Lommunily and ur¢ wid¢ly rL'Lo¥ni£Ld ￿.1]1￿ bultdbly 4udlili¢d to ILdd tl?L Lhariiy. In .SLILLtii)gi ncw
Itu%lees. w'L 4eek lo idLnlify peoplL wlio rcgularly aiiL'nd LVLllL% aiid funLli0114 oryaiii/.¥d by the Lhuriiy and iifL' willing
to N'oliinicer to ddvdl)IL' tl)e ¥h￿IlY 5 ohjLclivcs. We take intn coL4ideralioii the person'y eli¥ibilily. P¢Tlional
Lomp¢ienLC, IPLLialisi knowlcdge aiid skill.4.
Indurtlon ond tralnlng of truy¢ees
Following uppointmcnl. new iruslL'es urc introduced lo their new rol¢ and given ¥L)pics orth¢ M¢'morandum and
Articl¥s of A%bo¢iation arid a ¥uidc to the p(Trli¢iLs and pro¢Ldures adopiLd by our Lharity. A number of publiLJlions
from lh¢ chi￿]tY C-ommis%i(In are ¢ilsL7 proN ided inLluding' Ihc guidance (Trll Lhdriiies and puhlic benLfii and on the
adi'anccment of rc11￿?1[1n lor Ihc publil bcnlfit. This cn.%un'.% ihdt ncw truslc¢% are aware of th¢ scop¢ of their
re5pon.4ibilits'es under Ihc Charities Acl.
Rlsk m&n4gement
ThL Ins5tLLS have Liinductcd a revicw ()f il)e mdj()r risk% Iii wl)ILh Ihc charity 1% cxpo%ed. A risk matrix ha5 be¢n
eslablishLd dnd is rei'iLwed and updaied on un annual t)d%i%, Wh¢re dppropriatc. Ny4lLms or proccdtsrLs have been
¢s¢ablilihcd io miiigalc Ihc risk the charity la¢ci. In particular. IliL Iru%lcLs Iiavc Lnsurcd tha¢ thL
ppropriatc
insurance ¢i)ver is in plac¢, bealth and saf¢ty proccdurcs arc implcmenicd. finunci#l forttusts arc rcb?ularly
revicwed. and DBS chccks are mdde for any statTm¢mber% working wilh childrL'n or i)ihcr vulncrnblc groups.

TALEEIII FOU.NDATIO.Y
Trustees, Annual Report (Ineorporatlng the Directors, Report) for the >'ear ended 31 Jul) 2023
(eontinued)
Objectlies and actiiities
T11¢ objects diid principal (Ictivities of the charity are sel OLIt in thc charity's Memorandum of Asso¢iation and are
summari7.ed &s fnllows..
4. The charity's objecis I'objcct'l arc for thc pubic bcn¢fii.' 4.1 to advance in lifc and rclicvc th¢ nccds of childrcn
and young pcoplc aged up to 25 with a fo¢u% on thosc who are %o¢iully and eL'onomically diqadvanlag¢d ihrou8h'.
4.1. I providin&Tr supp()rt and a¢tivilie.4 which dcvLlop their skills, capaciii¢5 and capabilitics to enable them to
participa1¢ in SOCi¢lv as maiurL and responsiblc individuals; 4.1.2 advanciiig cducalion Il)rough the provisi()n of
low-cost supplemeniary education and Ldue¢ltional suppi)n. 4.? the provision of rc¢rcational dnd lei%ure tim¢
a¢iiN'iiiL% provided in the ini¢rc%i of M)¢ial welfarc, designed lo impr(Trve thL' conditions of lifL of thi wid¢r
Lummuniiy. 4.3 to adi'dnLe lhe 1slamiL fdiih in pani¢uldr bui not exLlusivcly for Iho%L memtK'rs of lh¢ public who
are Musliinb ihrnuyh., 4.3.] Ili¢ provision of ilitiL% for wor%hip, prayer and the cLl¢braiioii ofislamic r¥ligious
fe4lii'als.' 4.3.2 fosl¢ring underb141ndinbJ dnif pron?oliug b¢)ud r¢lÉilion.s betweLI) PL'r4ons of all faith5 or none.
In d¢iLmiining Ihc mean.% by which the ¢h¢Wity achicves it&. objLCts. th¢ truslces has'c had r¢8ard to th¢ guidancc on
publiL ￿'nefit issued by the C'.harity Comini&sion.
Use of volunteer8
Volun1￿r4 df¢ dn imponani rebource in both our faiih and coinmunity work. Wc en¢(Triirdge ull bcnefiLiari¢s ofour
ern'iL¢S t() be involved in voluntsry activities and to 4harc ihL'ir skills. All of our vulLiniL*rs give thLir limc frccly, as
do Ihc IrustL¢.¥.
Achlevenienti and performance
Yoiiili c.Iiih.F.' We sei up youth club,5 for both younbl boys tthd yirls which were attcnded by at le&%r 30 young pcoplL
who cnjc)ycd variou.% actll'llics including Playsiation, Idblc Icnnis and Ioo?sbdll. ThLy also nycivcd infomlal
mcnli)r%hip ajid lifc %kills irainin¥ on moii¥y mandgLmcnt. ￿rSonal effccliv¢ness and organizalionHI skills.
Homework club.. At weekends attd during school holidays, we Organized homcwork clubs which w¢rc supported
and supcrviscd by volunteer iutors. and at leust 30 youn& peoplL attended thL.se ¢lub%.
Prayers ondfeslival.Y.' WL organized Friday prdyers, Eid prayers and Eid celebration evenis whi¢h w¢r¢ attended by
uvcr 400 pcoplc i)n a regular bd41S.
Ileulili ('lie('kiii?.f.' Wc organized fre¢ hcdlih chcckups and ¢onsultation¥ wilh the &%sIst￿Ce of Yolunl¢er GP.s. As part
of this wc h¢ld seminars lo raise dwar¢n¢.ss of the importance of maintaining a hcalthy lif¢6tylc.
Iniedaith eFYni.f.' W¢ organized interfaith cvents including tftar meals during the month of Ramadan. Th&'y was
utlendcd by local community leaders and h¢lped promote go(￿ rL.lalions.

TALEE￿I FOUNDATIO,N
Tru5tees' Annual Report (Incorporating the Director5, Report) for the >ear ended 31 Jul). 2023
{continued)
Fowili. ei'eFIts.' Wc organi7.Ld ei-enls suLh Ilq fun days and BBQS which were allcnd¥d by ov¢r 50 l#milic%. Wc
orgaiiiz¥'d parcni and toddler groups which lillowed new Pdrent.g lo connect with ¢ach other.
Financlal review
Re.ienie.i i)oliciy
Th¢ tru4tCCS dim to huld enough fund% tu m¢¢( twu months. opLratin¥ Losts of thL chdrily, in ord¢Y to MLLI any
unforcbLLII Lxpenditur¥ Ilidi may OLLur. The iru51¢L% notLd dial Ihci'L was cash ai bank L)f£4k in unrcsiriclLd fuiid%.
Thc tru5teeti acknowledged that thc Lharity was %till in a n4L5CCnt pha.sc and morc ¢ffoft is rL4uir¢d to build rcgtslar
and divLr4ifi¢d in¢om¢.%trcams. and fundg would need io be raiscd to piir¢ha%¢ thc prcmi¥i"S.
Princ'ipol/iiKding.¢i)iiree.¥
Th¢ charity's tnuin sourc¢ of incomc is public donations. This is primarily obtuined through fundraitsing ¢venls and
recurring monihly donalion.i. The charily 1% registervd tor bpifi aiii. ThL charity did noi rcccive an). granis during IhL
year. The majority of the inLome is applied agdin4t rental expcn?ie$ and.slatYcosls.
Jnvtpgiiiiciiipoli¢v obJccrive.¥
Th¢ chdrity hds no lon¥-IL'n7J invesimenis. All funds ar¢ held in Lurrent or 4avin&?S JCLvunts under rqiutsbl¢ high
i+lrcel bankti. Any ca%h donatiotL4 are prompily ¢ouniid aiid dLpo%ilcd ic rLbTulur bd.%i%.
Pl#n% for the future
The Irus1¥¢% will ci)niinuc to ¢xplorc ways io pur¢hase the premises and in¢rcas¢' thc numbcr of activiti¢s uffcred by
Ihc charity in a financially sustuindblL manncr.

TALEEM FOUNDATION
Trustees, Annulll Report (In¢orporAting the Directors, Report) for the year ended 31 Jul), 2023
(continued)
Statement of Trustees, responslbillties
Thc trusices (who are also dir¢ctors of Taleem FoundaiiDn for th¢ purposes of conipany lawl arc respon%ibl¢ for
prtparing the Trusice.%' Annual Report and the financial stdtements in accordance with applicable law and lJnited
Kin¥dom Ac¢ounLii)g Standards {Unitcd Kingdom Generdlly Accepted Accounting PrActicel.
Cumpdny law requires the IrusleL'5 Iv prepare financidl slulem¢nt5 for ¢ULh finJnLidl ycar. whiLh give u tniL ttnd fair
view uf (he state of affatr¥ of thL chari10ble Lompai)y and of the inconiing resourLe% and dppliLJtion of r¢.sour¢es.
incliidillgp the in¢om¢ and cxpenditurc, of th¢ charitable company for that pLriod. In prcprtrii?g these financial
StatemLnl%. Ihc tnJ%tccs twe rcquired io..
cl¢cl Iuildblc d¢Lounting poli¢ici and then apply thL'iii ¢on%i4lenily',
observe IIIL metliuds arid priiiciplcs in il)L ChatiliL4 SC)RP IFRS1021,'
makL judgments lind L'slimdlL% th41 arc rL'dsvndblL prud¢n¢',
slate whciher applicable accounting standards have bLcn tolluwed, &ubjcLI to Imy material departure$
discloscd and cxplain¢d in the finan¢ial siaiemcni.g,' and
pr¢parL Ihc fJnan¢idl 8ldtcm¥nts on the going concern bdSi% unless it 124 not appropriat¢ tu asbumL that
Ihc Lhariknbl¢ Lompany will L(Fnlinue in 0￿ratIon.
The Bodrd of TruslLes is wpon5ible fur kLx'piiiM ad¢quat¢ accounting rLYc)rd%' th¥1 dii¢losc with rea%on8ble
dLLuf<lCy dl any (imc ihL. financial position ofthL Lharildble compuny. and tl) LnablL' Ih¢in In ciisur¥ Ihdt Ihc finartcial
%lalcmL'nts ci>mply with ConipdniL'& ALI 200fi. Th¢y ar¢, al%0 respoi)sibl¢ for safcguarding the ￿¥ScIS of the company
dnd idkin&T r¢as(Indbl¥ s(LPb fvr thL PTLvLniion and Ik.IcLiioll L)f frxud ithd oihL'r irrL'yul4tyiliLI.
Thc Tru%tces' Annual Report wab approved by the Bodrd of Trusl¢c.s (in ihcir capacity ag company directors) on 05
Sepl¢mk.r 2024 and ¥i¥ned £)n its bchair t)y'.
SaifouudL'r
Tru.slee

TALEEM FOUNDATION
Independent Eiaminer's Report to the Trustees of Taleetn Foundation (the Compan!.) for the vegr
ended 31 July 2023
I report to ihe ¢harity tn￿te¢S on my examination of thL uccounts. of the Company for ihc y¢ar ended 31 July 2023.
Re5poDsibllities and basis of report
As thc chariry's tru%tce% of the C'ompany land also its director5 for the purpos¢s of company law) you are
riSJ)onsible for rhe prepardtion of th¢ accounts in accordancc with th¢ requiretnenl￿ of the Comp￿leS Act 2006 ('the
2006 Act.).
Ha￿Ing.￿alJSFied mysclf thai the accouncs of thc Company ar¢ noi requiied io bc auditcd und¢r Part 16 of the 2006
Alt and arL cliLFiblc lor indcp¢ndcnt examindrion. I rcport in rc&pL¢I of my cxamination of your charity's accounts
as Larried oui under section 145 of the Charities Act 2011 {'Lhc 2011 A¢t'). In carrying out my examination I have
follom'ed thL Diwtions givcn by the Charity Conmiis%ion under scciion 145{51 Ibl ()f the 201 I ALL
Independellt examiner'5 Statemen¢
I liavc completLd Iny eX￿inatiOn. I confirm that no matter4 have come lo my attention in connwtion witli thc
exatniiiatl￿ll giK'in8 me cause to believc.-
l. dLeounLing r¢'cord5 wcrc not kLpt In rcsp¢¢t of the Compamy as rLquircd by scction 386 of th¢ 2006 Act,. or
2. th¢ acLounis do not accord ￿'1th those records.. or
3. the accounts do not Comply with Ihe accounting rcquirernent5 of seciiDn 396 ofihe ?006 A¢1 other th￿ aiiy
requircment th&lt the accovnts give a 'true and fair view wbi¢h is not a iJallLr Co￿%1￿CrEd as part of dn independcnl
examinatioii,. or
4. the acLtiUllts have not been prepared in accordance with the m¢thods and principlcs of the Statement of
Recotnmended Practice for aceounting alld rerKbrting by Lhariiieb applicabl¢ to chJriliLb prcpdring thcir a¢cowits In
accordallcL w'ith the Financial Reporting Standard applicable in the UK and Republic of Ircland IFRS 1021.
I lidvc Iio LoiicLms alld hav¢ conic aLross no oiher matters in coniicction with the examiiiation lo which dtt¢ntion
should bc drawn in this report in order to enable # prop¢r understandiiig of the a¢¢ounts to be reached.
Signed..
Name-. Mccr Julhas Hos.sain IFCCA. FAIAI
MeerJulh&4 & Co,
.4ddr¢s5' 37 (irLeJ) St. London. E7 8DA
Dale.. 05 Scptember 2024

fn O O
4 C

TALEEM FOUNDATIO,N
Balance Sheet as at 31 July 2023
2023
202?
Noies
FIXED ASSETS
F'ixtures. fittinES and CaUiDment
CLIRRENL T ASSETS
Debiurs
Amounts r￿ling du¢ within one vear
Amount5 fallinR duc aftcr oiie vcar
C￿h at bank and in hand
14.500
14.63.1
18.596
CREDITORS: ￿0￿nts falling duc within one vedr
123.8681
132.8281
NET cuRRE￿'T ASSETS (LIABILITIES)
15.272}
117,4711
TOTALASSETS LF.SS CIJRRENT LIABII.ITIF..S
7.176
(15.2211
NET ASSETS
7,176
115,??1)
FLryDS OFTHE CHARITY
Unresirictcd fund
7.176
(15.221)
Total funds
The charitdbll CoMp￿]Y its cnlitlcd io Lxcmption from audit under ScL(ion 477 of th¢ Companies ALt 2006 fur the
year cndcd .30 Jul). 2013. The mcmbers hd¥¢ not r4uired th¢ company lo obtsin ￿ audit of its financial stotcm¢nts
for ihc yLar cnded 30 Jun¢ 2023 in a¢iordan¢c with Section 476 of the Companies Act 2006.
Approved by thc trustce% on daic and signed on thcir bchalf by..
Sdifouiidcr
Tnistee
Dale.. 05 Septetnber 2024
Charity DO.: 1198760
Company no.: 12716966

TALEE￿I FOUNDATION
Note5 to the financial statement5
l. Ac¢ountlng Policie$
.1 B45is of prepargtltsn of aceounts
Th¥ charitablL company is a publiL bcntifil enlily as dLfin¢d by FRS 102. and the fIn4￿ClaI staiemcnts hav¢ b¢en
prcparld iii accordanLe with the SiatLmcnt of R¢L()mmLnded Prdclicc appli¢ablc 10 charitics prcparing their
accounts in accordanc¥ with Ihc Fin￿claI Reporting Sialldard applicable in the UK (C.haritie% SORP {FRS 1021).
dnd IhL' Compdnics Aci 2000.
ThL finanLial slalcm¢nt& are prepared Dn a going? concern b&sis under the historic cost convention. Th¢ fIn￿e]81
statcmL'iits are pi¢par¢if in pound sterling wliich is the funcrional ¢urren¢y of thc charity. The chariry 14 noi larg¥
enciugh tu re4uifL J Stsi¢mLIII Urc￿￿h Flows.
The priniipal aLcaulliin8 poli¢ics applied in the preparatinn Of ihese finan¢ia] slatemenl.s are set out below.
.2 Cioing concern
ThL tru%lLLS hav¥ rLvi¢wed ¢a4hllow forccasi.s aiid have d rca%onablc cxpLLluiion thai ihi Lharity h&% adequutc
rc%ourcL's In LoniinuL for Ilic forL%¢edbl¢ fulurL. bcin¥ rwelvc Inuiiihs from ¢hL dpprovJl ofih¢ financiat ststcm¢nl.q.
Thl financial Sidl¢mcnis hai'l ihLrcfore bLYn prLp￿Ld on a gYL)inbv con¢Lrn ba4is.
.2 Fund ac£<>untln
UnrL%lricted funds comprise those fvnds. which Ihe t￿lIL'e4 arc free to Uls¢ f()r any purpv4es in funh¢rance of ihe
l)aritdbli (IbJ¢Lts. UnrL%IriLied fund5 inLILidi dL%i¥lldlLd funiL% w13LfL th¥ IruslLL%. ul IhLir di.%Lretiun, havc sci aside
rL&ourLe$ for ft spccifie purpose. Restri¢icd funds ¢irL fimds which urL ILI bL iii Jii(?rdaiicc with spccifi¢
rcslrictii)ns impoicd by the dnnor.
IJ In¢omln% resourees
All incDminbp r¢Nource.4 arL includ¢d in ihL Stytement of Financial Activity ISOFAI when th¢ Charity 18 legally
cnliilid to Ihc in¢omc aftcr any perforn)¢m¢e condition.s have beLn mct. Ihe am()unl Lun bc mLU.%urcd reliably il
is probablL that the Income will bc reccivcd. Thc fallowing specific poli¢i¢s arc (Ipplicd ¢0 particular LaiLg)(?riL5 or
inLum¢.' InLomc from doi)alion4 or grant% Is rcLQgnlZLd when (hire is ¢vidcn¢c of Lniitlcmeni lo the gwjft, receipt 15
probablL and il& amouni bc tncasuTLd rLliably. RLntal incom¢ is rccugni7.cd when Ihe charity'% right io rccciv¢
puymLlli is esttlblished.
1.4 Re%ourcts expendcd
All Lxpendilure 1% dCLUUntL.d for on an accruals ba.%i% wiihin ¢hL Siatemeni of Financial Activity l%oFAI. and ha$
bLcn ¥ld%sifiLd undcr h¢adinbTS Ihal dggrcgatc dll Los15 rcldtcd to ihat caiLgury. ExpLiiditure is reLogniLed (Trnce ther¢
is a le¥ul or ¢onstruciivc obligation to makc pdymLllis lo a third particy, il is probdblc Ihut s¢itlcmcnl will be
required and the amount of IhL obligation can be m¢a%urcd reliably. Input VAT Ilmt connot be cluitned is included in
Ihe c()%1 to which il relaie5. Rental4 payable and Icase incentives und¢r operating lea￿.8 ar¢ ¢harged to the SOFA on
a straight-linc basis over th¢ led&e Icrni.

TALEE￿I FOU.NDATION
Notes to the financial statements (Continued)
.5 Tangible Ilyed 8ssets and depreclation
Individiial fixcd a.%%Lts costing £500 or njorc are capitali7ed at cost. and are staled in the accounts at co81 ILSS
deprcciation. Depreciation 1% calLulated to write off the co%t less their cstimaiLd rcsidual value, ovcr their cxpectcd
Useful lives followb..
Furniture, fLXtures and fittittgs {5 years)
1.6 Cash at bank and in haJ)d
All highly liquid instrumcnts with an original maturity of three months or less are classified as cash cquivalents.
1.7 Debtors
Short- ￿1￿ long-lcmi debtor% are measured at transaction price, l¢ss any iinpairni¢nt. Pr¢paymellts arc Tr'alued at the
dmi)uni prepaid net of any discounts due.
1.8 Creditors
Short ILrm Irddc creditors ar¢ measurcd at th¢ transaction pricc. ACCn￿lS ar¢ value al rhc net cost. Icss any discounts
offorcd.
J.Sl Loans aud borrvTrvings
Loans and borrowiDg8 are initldlly recognized ai thl tran%action pricc. inclttding transaction ¢05ts. Privale loan.4 or
Qard Hasanah dre iniLrcsi frec loan% from thc charity'5 benefici￿leS and are rccooniztd ￿hen rcLcivedlpaid and
rcuL)rded under lidbili(itrs due within unL year dn(Vor mor¥ Ihdll onc yLar, depcnding on thL underlying Lollirdcl.
FRS I O? requircs lottg-tem) intercst free Iodn_% Eo bc 51atcd dl thcir present i'aluc. [ffLctl￿LlY this would Icad lo loan
dmounlg 4tatcd in thc account% bcing lowcr than thc actual amounts payable in ihe future. This has thc poicntial io
onfus¢ thc charity's stakcholdcr5. and as such ihe trnstccs have opted not to follow FRS102 treatmeni for thcs¢
loan.%.
1.10 Prol'isions
Proi'isions are rccogni£cd when the Ch￿ltY has an obligalion at th¢ balance shcei daic as a result of a past eveni, it is
probable that an outflow of economic bcnefii will be r¢quired in settlemcnt and Ihe amowit can bc reliably
mea%ured.
1.11 Taxatio
The cliarity is an Lxempt charity with thc meaning of gth¢dule 3 nf the Chartties Aci 2011 and is Considered to pass
the Tes1.￿ Sei ou( in Paragraph I Schedule 6 Findnce Act 2010 and therefore il mceLq Ihc dcfinition of a chariiable
company for U'K corporation tax pur￿SLs.
1.12 Judgements and key somrces of estimation uncertainty
ThL preparation of the findncial siatements requires management to make judgements. estimates and assumptions
that affeLI IhL am()unt8 reponLd. These cstimate% and judgLments are c()ntiniidlly rcviewed and are based on
expLricnce and other factorts, IDcluding expLctatioDs of fuiurc cvenis thai are bclieved to be reasonable und¢r the
circumstances.

TALEEM FOLI,NDATION
Notes to the financial statements {continued}
2. Le2415tatus of the charltv
Thc Ch￿Iry a cninp(Iny limitLII by guardnte¢ and l)&$ no shar¢ capital. In thc Cvent of thL charily being wound up.
Ihc liabiltty in rcxpccl of thc guaranlcc is litnitcd io £111 tor cdcli mcmbcr ol Ihc charity.
3. Staff Co$t$
2023
2022
and salaries
Social 4ecurity CO%is
19,594
22,282
19.594
22,282
AvLrage numher iTrf empl(iyces
Empli)y¢x'% paid in ¢XCLSS of£60,000
Thc I￿￿tle4 nLlther rcccivLid nor wai%cd any remuncration diirin8 IhL year12022.. £nill. ThL Iriisl¢es did not havc
ony cxpcnse4 reimbursed durin8 ihe ycar {2022.. £nill. The chariiy do¢4 nol opcrdtc any p¢nsion %chcine for its.
LmplnyLY%.

TALEE￿I FOUYDATION
Ilotes to the financial statements (continued)
4. Tangible Fixed Assets
Firiu￿.¥.fIrIlng.￿ upjd
Ji4rniture
Toitsl
Cost:
At l August 2022
Additions
2.376
12.417 12,417
14.793
14.793
2.376
Ai 31 July 2023
Depre¢iation:
At l August 2022
Chdrgc for thr year
Ai 31 July 2U23
126
1?6
2.219
1.345
2.219
Net ht)tsk value:
At l Augusi 7022
2.250
At 31 July 2023
12,448 12.448
5. Debtors
o) oniouni.sfollirtg due af¢er one kEar
2023
Other d¥biors
14,500
14,633
14.633
14,500

TALEEM FOUN'DATION
IYote5 lo the financial statemejjts (continued)
6. C￿dItorS
aj upnotsnlsfalling due withill one vear
2022
Other iaxation and social security
Def¢trcd income
PriN'ate loans- Qard Ha5anah
Accrual.%
339
927
800
21.779
950
24.860
350
Other
6.691
3),8?8
23.868
7. An2ly515 of Charitable funds
Analysls of fund mosements
Inc'f)ming
re.soupres
Re.fnurc
erpended
BalaNc'e b/fvd
Fundc/fvd
Unre51r5dtd Funds
Ut]rc%triLtcd gLn¢ral funds
Ti)tal
(15.221)
115,221)
109.427
187.030)
187,0301
7,176
7,176
109.427
8. Analvsis of net 8s$els betlieen futtds
Anal)sis of fund moTrements
Opiff5trictedfund.f Re3iric'igdfun& Total as ai July 2023
Fixed asseLq
12,448
18,596
(23,868)
7.176
12.448
18,596
(23,8681
7.176
Curreu¢ &sscls
Current 123bilities
Total net asset5
9. Miscellaneous
Th4 charity benefiti¢d from work performed by volunteers. The eniity did nr)t cngab7e in grani makL'ng a￿Li,1ty
during lh¥ ycar. Th¢ cntity had no LOT]tingellt lidbiliiies as at 31 July 202312027: nill. There are Do bignificani
evLnts afier thc reponin& period. Fe&4 PdydblL tTr Ihe ind¢pendent examiner for IhL vcar cnded .1 l July 2023 15 £600
(2022. nil)-