REGISTERED CHARITY NUMBER: 1202193
REPORT OF THE TRUSTEES ANO
FINANCIAL STATEMENTS
FOR THE YEAR ENDEO 31ST DecEM8ER 2023
FOR
AVICENNA FOUNDATION
Watergates Ltd
109 Coleman Ro•J
LeicesleT
LE5 4LE

AVICENIIA FOUNDATION
coi¥rENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDEO 31ST DECEMBER 2023
Report of tho Tru¥t¢•s
1 to 3
Ind•pend•nt Examlngrfs R•port
stat•mwt of Flnanclal ktlvltl
St•t•ment of Flnanclal P￿ItIon
stat•m•nl of Cash Flow¥
Notes to th• PA•tèment of Ca¥h Flows
Not08 to th• Flnandal Statwn•nts
9 to 12

AVICENNA FOUNDATION
REPORT OF ThE TRUSTEES
FOR ThE YEAR ENDED 31ST DECEMBER 2023
The trustees pr￿ent their rgport the financ4al statemonts of the chartty for the year ended
31st December 2023. The truste8s have adopted the prowsions of Accounting and Repx)rtiTrg by Charmes".
ststernenl of Recommended Prnctrce applicable lo charities preparing their aeeounts in accordance with the
Financial Reporbno Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January
2019}.
OBJECTIVES AND ACTIVITIES
Obj•¢tSves and alms
The AvTcenna Foundation w83 established lo eMp￿r yOLtng British Muslims by providing acce88 to
8ducalion, mgntoring, and leadership development cwortunttses. Its missM)n Is to break down thè
soci(%conomic barriers fac8d by many ￿)Ung Muslims, offering schdarships and p8rsonal development
programmes aimed al nurturing future leaders. The FoundatiM's MSK)n is to support SOC¢81 mobility and help
young Muslims excel In thair choson careers. {J￿rnatelY making a po$￿Ve Contr￿Ut￿)n io society.
Slgnlfi¢ant a¢tSvlt50•
The Foundation's key Iniuatlves are focused on enhandng •Jucalbnal access ar¥J profe$$10n￿ devolopm8nl:
S¢holar3hips.' Aviwina offers stholarships lo higPfrFQtèntial sludents from underpriviloggd backgrounds,
enabling them to pursue h￿her education and meaningful careers. In addition, the FoUndat￿n runs a
Leadership Development Programme, which SUPPXJrts slud8nts by offering taik)red mentorin9, ¢oachins, and
networking opportunitl8s {Islam ChannelllAvicenna Fwnd8t*)nl. As 81 the year end we had 29 scholars for
the 202312024 cohort.
Communlty and Nefv￿rkIng Events.. In January 2024, the Avocenna Foundation PKisled its officLg1 launch at the
Hous8 of Commons. The event featured prominent sp8akers and brought togelhgr over 160 guosls from
various $8Ctors, includlng pditi'cs aTrJ business. Scholars from the Foundation a signrficanl rol8 Sn
organising the ¢venL
Publ1¢ ￿n•fil
Thè Trusteès have given duè ¢Y￿￿￿erati￿ to the Chartty Commis8ion'$ publ¢shed guidance on the Publlc
8enefrt Requirement.
Volunts•rn
Wo have a $mail numbor of vc4unt8ws who assist on an ad4Joc basis.
STRATEGIC REPORT
ACHIEVEMENT AND PERFORMANCE
Leadership In Action: The launch event al the House of Commons undgrsc(Yed the Foundallon'5 g￿Nj
Influence. Scholars a¢trvely portiupated In managing the event. net%thing with influgnlial figures. and
showcasing their leadership skills. This seNed as a signfficant learning experience for Ihem{Avi¢enna
Founda¢1￿).
Educational Milestones.. The Foundation's scholarship aThJ mentor#￿ pn)grammes have supportèd students
from di¥advanlaged backgrourKls. includirg Ihoso SIL*J￿n9 al top unNgrsth'es like Oxford. Scholars hav8
reported considerable personal and Fwfessional growth. benefftting from Avicenna's leadership and eoaching
Initiatives.
Social Impact.. The Foun(laknn has contrib￿ed lo tho s(tial mobility of young British Muslims. helpSng
Indniiduals from refwJee and disadvantaged backgrounds become the first in their families lo attend
university. These su(xess stories demonstrate the tangible impact of the Foundation's work.

AVICENNA FOUNDATION
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31ST DECEMBER 2023
2023..
JunelJuty- Rewllment and interview of xholars.
JunelJuly- Rukiyah fomially emplo￿ as Director of Opwakns.
September- Indudion day at KPMG Offices in London.
Septèmber- scholars stsrted uni and invoi¢es were processed.
September to November- Mohammad w￿kIng on Develor)m•nt progrydm and buildiro the c4)aching team.
November 30th- firsl development session lo intrcxluce program for Ihe new schdars.
December- Coach69 matched vthh scholats and coachirYJ started.
De¢emb6r- Laading SELF Proigct intr(KIuc8d to scholars.
FINANCIAL REVIEW
Financial position
Overall. the charity is in a healthy kx)sition as demonstrated by ¢xJr accounts for the p8riod in concem. This 1$
malnly due to effedive cost ¢ontrol. which on$urg$ ￿r rUnnU￿ costs arè kept to an acceptsble level.
Avic8nn8 Foundatlon has shown that it is a well run wjani￿I￿n wlh overall surplus funds. Thg chadty had a
nel surplus of £626.073.
Durlng thg year the chadty r8lsed £939.717 In dirert donations to carry out ils 8ctMties. DurlrKJ the year
£262,648 from the funds were exKwsed for projects.
The chaty conllnue$ lo work GlcAely wth a rHmiber of partner organisations in order lo cary out its actr'vrU•s.
Ro6orv•s pollcy
Vve aim lo utilise the funds as s(*)n as wo klonufy sultsble prcgrammes or stxlars.
Th8 fvnds the tharlty IKAds L8 lo ensure that it has suffldent reserves lo Cover the c4)sts of managlng ar
adminlslerlng the c*arity for the fdlowiThJ ygar.
Tho Trustees cMsidér it prudent th81 the reserves should be suffiC￿l for the charitys use. The Truste88
have appro￿d that am unregtnctod reseryes win b8 utltsed in helping the thafty achieve its objective8.
Golng concern
Currently no concems abtyjt the charity conlinuing as a uw)irvJ ¢oncern.
FUTURE PLANS
Tho charity is looklno at the o￿On8 In vthi¢h11 can1Tr7ease donatlons from vark)us indiwduai8.
Prfn¢lpal rfsks and uncertalntiej
The principal financial risks and urKertalnties that the c*arity can fxe is reducbon in donations from key
donors as this is the significant porf]'on of the ¢harTVs lundiThJ. The chaTity has raised 8warenass of its
advilles and sends out advertiswig malefial of the ￿)rk it does in order to attract more donauons. This has
been successful as the amount of donatM)ns have remained ¢*nslslenL
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governlng docum•nt
The charity is controlled by its govemirrfJ dorjjment, a of trust and t))n5titiAes a charity incorwratgd
organisalion.
Re¢rultm8nt and appointment of new trustees
AJI tnjstees are involved in any selection process that tskes pla¢e and a vote amongst thg tru51ees Is
conducted to appoint any p)srtions within the organisation.

AVICENNA FOUNDATFON
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31ST DECEMBER 2023
STRUCTURE. GOVERNANCE AND MANAGEMENT
Oryanisational $tTUCture
The boar(l of Trustees of the L*arity are reswnsible for the (￿ari￿8 strategic direction. The board of
Trustees meet on a lermty basis to discuss the activrlies of the chanty.
The b¢)ard of trustees are supported through tha aKI of volunteers vtho manag8 the daily runnirKJ of the
charity.
REFERENCE AND ADMINISTRATIVE DETAILS
R8gister•d Charlty number
1202193
Prlnclpal addre
1 C8nad8 Squarg
London
E14 SAA
Tru$t•o8
Tval
S Adam
A Hafvz
Independent Examln•r
Walergales Ltd
109 Coleman R¢xl
Lelcester
LES 4LE
roved by order of the board of Irustses on 17th Oct(knr 2024 and skjned on ils b8half by.
T Valli- Trustoe

INDEPENDENT EXAMINEifs RÉPORT TO THE TRUSTEES OF
AWCENNA FOUNDATION
Indopondent •xaminerfs report to the trustees of Avkenna Foursdatlon
I report to the charty tNslees on my examinat￿n of the accounts of Avic£nna Foundatk)n {the Twstl lor thg
year ended 31st DecgmLw 2023.
Responslbllltle8 and basis of rnport
As the charity trustees of the Tnjst y)u are responslble for the preparalion of the accounts in accordance with
the requirements of the Chanties Act 2011 1.the Arf).
I report in resrrt of my examinatbjn of the Trusys 8￿nts carried out under set#1￿ 145 of the Ad and in
(xrrying out my examinalKJn I have folkjwed 01 apr4icabl8 Directions given by the Charity Commisstjn under
Section 14515}Ib} of the ACL
Ind•ptsnd•nt examlnerfs stat•ment
Since your charilys gross income exceeded £29).(XIO your èxaminer mu8t be a mwnber of a listed body. I
Can confirrTI that l am qualrfied lo urylertake the examinatK)n b￿￿s9 l am a membgr of the ASSOCIa￿On of
Chartered Certff￿￿ Accountants. vthich is one of the listed bL¥JigS.
I have completed my examination. I confirm that no material matters have c(Mne to my attention in conneclion
with the examIna￿n giwn9 me cause lo believe that in any material respecL'
accounting records were not kept in respect of the Trust as rsqulred by Sedon 130 of the Act: or
tho accounts do not ac¢ord I￿{h those recor(Is.' or
the accounts do not comply vath the appluble requirements concerning the fomi and mnlent of
accounts sel out In the Charitles (Accwnts and Rep￿) Regulthons 2008 other than any roquirttment
that the accounts give a true and faiT view vthich is not a matter considered as part of an Independent
examination.
I have no concems and have come auoss no other matters in 0)nn8cli￿ th the examination to which
attenti)n should b8 drawn in this rewrt in order to enable a prO￿r understanding of the accounts lo
reached.
N8zlr MalKla FCCA
Walergato$ Ltd
109 Coleman Road
Lelcesler
LES 4LE
17th October 2024

AVICENNA FOUNDATION
STATEMENT OF FINANCIAL ACTivmES
FOR THE YEAR ENDED 31ST DECEMBER 2023
Unr•$trlct•
lund
INCOME AND ENtK)WMENTS FROM
Donations and legacies
939.717
EXPENDITURE ON
Charitabl• actlvltl•s
Edueation
262.648
50,996
Total
313.644
NET INCOME
626,073
TOTAL FUND8 CARRIED FORWARD
626,073
The Th)tes fc¥m part of these financial slatemerrtg

AVICENNA FOUNDATION
STATEMENT OF FINANCIAL posmoN
31ST DECEIABER 2023
Unrèslrlcte
fund
Notes
CURRENT ASSErs
Cash al bank and in haNi
648.Q48
CREDITORS
Amounts fallin9 due wthln one
(21,975}
NEf CURRENT ASSETS
626.073
TOTAL ASSETS LESS CURRENT
LIA81LITIES
626.073
NET AsseTS
626.073
FU14DS
Unrestricted funds
10
626,073
TOTAL FUNDS
626,073
The financial stalemonts ¥we approved by the Boord of TNste•s and authorised for issue on
17th Oclobar 2024 and wer6 sh3ned on its behatl b￿.
T VaUi- Trustea
The notes forn part of Ilw finÈnd81 stalwnents

AVICENNA FOUNDAnOPI
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31ST DECEMBER 2023
Cash flows from operatlng activit1•5
Cash generated from operatrons
639.048
Net cash provided by operallrvd actrvitles
639.048
Cash flows from financlng actlvltles
New loans in ￿T
0,000
Net cash pwded by financing activits8s
9,000
Change In ¢￿h and cash èqulvalents
Sn th8 r•portlng perfod
Cash and cash equivahnts at th•
beginnlng of the r•portlng period
Cash and ¢a8h •qul¥al•nts al th• •nd
of lho r•portln9 wrfod
The Th)t•s form rort ofthese ffin￿al $t*err*nts

AVICENNA FOUNOAnoN
NOTES TO THE STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31ST DECEMBER 2023
RECONCILIATION OF NET INCOME TO CASH FLOW FROM OPERATING ACTMTIES
Net income for tho rnportlng period las perthe Statem•nt of
Flnanclal AdvStles)
Adlu$tm8nts for..
Increase i) creditr)r¥
626,073
12,975
Net cash pro¥ld•ql by op•ration8
639,048
ANALYSIS OF CHANGES IN NEf FUNDS
Atl.1.23
C•$h flow
At 31.12.23
Net cash
Cash al bank and in h&)d
648,048 648,048
Dèbt
Debts f8lh.ng due wthln 1 year
(9,000)
{9,000)
19.000)
19,000)
Total
639.048
639.048
not85fomi part of blese financh71 ststsm•nis

AVICENNA FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023
ACCOUNTING POLICIES
BASIS OF PREPARING THE FINANCIAL STATEMENTS
The financial slatements of the charity. Ythich is a putAic be￿fft enlty under FRS 102. havè béan
prepared in acc4)rdance the Charities SORP IFRS 1021 'Accounting and Reporting by Charities..
statement of Recommen(Jed Practtce #Wica￿e to ch8rTties preparing thglr accounts In acc£srdan¢e
th the Flnancial RepcNling Standard applieab18 in the UK and R8public of Ireland {FRS 1021
(efffecti￿ 1 January 2019),, FinarKial Rewrting Slandard 102 The Financial R8POrting Stsndard
apoicable in the UK and Reput4K of I￿lan(r and Ihe Charitss Act 2011. The financial stslemenl$ have
been prepared under the hist￿￿ cost corNent￿)n.
Assols and liat￿litieS are Initially retsJgnise(l al historKal cost ￿ tr8nsacts.on valu6 unl088 olhgNse
stalgd in thg relevant aGcounting Oicy r￿1￿8).
Th8 funcliorsal currency of the chadty Is consldered lo b8 pounds slèrfing becau8a that Is the currency
of the primary economic en￿￿ment in whlth the Chanty D￿rat&s. The financial slalements are also
presented in pounds slerliro, The amounts in the finan￿81 statements are presented to the nearest £1,
unless otherwise staled.
The preparat￿n of the financial st8t6manls in c¢)mplianc8 wlh FRS 102 requir8s the use of certain
Critic￿ accounts.ng eslimatas. 11 algo requires man89emenl to exeruse judgement in appI￿n9 the
charitys accounting policies. Therè are no swJnrficanl areas requiring material judgemonts, estimates
or assumptlons.
INCOME
l income 18 reeognised in the Statement of Flnancial Advltt&$ once tha charty has enlillemenl lo tho
funds, It18 probable that the income h*ill be received arKI Ihe amount be meÈsured reliably.
The value of $8rvlG68 tnvkled by ￿t￿nteerS ts difficult trj pul a monetary valué on and ha$
not teen in¢luded in accordance with th8 Charities SORP {FRS102}.
EXPENDrruRE
Lia￿.1111es are recognised as oxpendilure as swn as there 1$ a legal or ¢onstructiv8 obligation
committing the charf(y to that expenditure. it ￿ syobable that a transfer of economic b8nefits ￿11 be
required Sn setuemenl and the amount of the obligafjon can be measured reliably. Expenditure is
ac¢ounled lor on an 8c(yuals basis and has b8en cLgSStffed under headings that aggregate all cost
related to the category. Where costs cannot be direcdy attn"buted lo partr¢ular headings they have been
811ocated to actiwties ￿ a basis con3i8tent wth the use of resour￿$.
Ex￿rKI11ure L8 dassffied under the follcMirvJ aL*vity headings..
Charflable a¢tNltl•$: Costs associated wilh the PrnWSKJn of scholarship, commUr￿ty ￿ networf(ing
events and alumni nehvork as elaboralwl on In the Trustees. Rep)rL These include both direct
charitable expenditure, grants payable and support Costs rdating to these activities. l>ants payable to
other organisalions for relief projects are indwjed in the SOFA when approved by tho trustees and
agreed with the other ¢yganisation.
Support costs: Support costs are those functions that assist the Y*￿rk of the charity but do not directly
undertake charitable activities. sUp￿rt costs for a single activty are allocated lo the particular activity
%there the cost relates dire¢ty to that activty. However. Support o)sts that represent the support
function$ of management. finance. human resources, IT and support departments attrtbutable lo the
management of the Chantys assèts, 8r8 allocated in pro￿tIOn to the type of charitable activity during
th8 p8rl¢A.
Grants offered Subject lo wndth'ons thi(* have not been rnel at the year and date are noted as a
commilment but not accrued as expenditure.

AVICENNA FOUNOATION
NOTES TO THE HNANCIAL STATEMENTS- contlnued
FOR THE YEAR ENDED 31ST DECEMBER 2023
ACCOUNTING POLICIES - continued
TAXATION
The charty is exgrnpt from tsx on ts charftatrle activit￿.
FUND ACCOUNTING
Unrestricted funds can be us&J in attordance the charitable otyectives at the dIsCre￿on ol the
trustee3.
Reslricted fvnds On￿ be used for porticular restricted purposes %￿thIn the objects of the charity.
Restnction8 arise when SFwffied by the O)nor or when fufftls are raised for partlcular restricted
purposes.
DONATIONS AND LEGACIES
DOM￿on3
939,717
The charity benefits gre8ty from Iho invofvomenl and enthusiastic support of its mary volunteer8. In
a¢¢ordance wlh FRS 102 and the charib.es SORP IFRS 1021, the e(>Jnoml¢ contiibution of general
volunteers Is not rwnlsed in the accouits.
CHARITABLE ACTMTIES COSTS
Gr•wtt
tundlny ol
actlvlth•
Iwo not•
41
Education
262,e48
GRANTS PAYABLE
Education
262,648
The total gr•fits pald lo in#tthti￿rf during lh• year was a# foltr*48'.
Various support
262,648

AVICENNA FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS- ¢ontSnu8d
FOR THE YEAR ENDED 31ST DECEMBER 2023
SUPPORT COSTS
G0￿ManC•
costs
Management
Finance
Tot￿¥
Other resources expend8d
48,899
97
2,000
50.996
TRUSTEES. REMUNERATION ANO BENEFrrs
There were rv) tnJslees' remun9ration or other benefts for the year ended 31st D￿rnber 2023.
TRUSTEES. EXPENSES
There were no trustees, expense8 lor the ended 31st Oecgmber 2023.
STAFF COSTS
Wages and salaries
Social secunty eosts
20.833
2.352
23,185
The average monthly numbw of employees during the w was 88 follows..
Stsff
No emplws rtteived emc4uments In exce88 of £60,￿0.
CREDrroRS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Taxation and so¢lal 8ecurlty
Other créditors
6,338
1,4fj8
14,169
21.975
LOANS
An anaI￿lS of thè maturtty of loans is glven belcw.
Amounts falllng due wthln one year on ￿Mand.
Other loans
-11_

AViCEI4NA FOUNDAnON
NOTES TO THE FINANCLAL STATEMENTS- continued
FOR THE YEAR ENDED 31ST DECEMBER 2023
10. MOVEMENT IN FUNDS
movem•nt
In funds
31.12.23
Unrostricted funds
Ggnoral lund
626.073
626,073
TOTAL FUNDS
626.073
626,073
Net mov8ment in fur￿8, indudthj in ts above are as folb)w8:
Incomlny
r••our¢••
R••ourc•• Movwn•nt
•xp•nd•tb
In fund•
Unr•8trlct•d fund•
Gen8ral lund
939,717
(313,6441
626,073
TOTAL FUNDS
939.717
{313.644)
626,073
11. RELATED PARfY DISCLOSURES
During the year. tho following IransactN)ns tcd( plac8 wilh relaled part￿5 where the Tru8tees were also
directors of those ctynpani8s.'
Donations of £939.717 was re￿IVed durfT¥J th6 ytar from r*tod partl8&
Amounts ¢)wed lo relatèd part￿ at the wr end £9,((¥).
-12-