REGISTERED CHARrrY NUMBER: 120273 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FOR KIND GIVING FOUNDATION Prestons & JacL8ons Partnership LLP 364- 368 Cranbrook Road Ilford IG2 6HY
KIND GIVING FOUNDATION CONTENTS OF THE FINANCIAL STATEMENrs FOR THE YEAR ENDED 31 MARCH 2024 Pg¢ Report of the Trngte¢s I to 10 IDdep¢nd¢Dt Eumlner'j Report St•t¢m¢llt ofFlnan¢tsl A¢¢ivltl 12 Sts¢emeDt ofFinantl•l P(Mldom 13 Nottj to the Fln¥n¢lal S¢temtnts 14 to 16 Detlled Ststsm¢n¢ of FlnaDcll Actlvltle4 17
ANNUAL REPORT APRIL 2023. MARCH 2024 20 LAYING FOUNDATIONS FOR A COMPASSIONATE FUTURE 24
2024 Annual Ret Table Of Contents Message from CEO About us Vislon Mission Core Values Year in Revl•w KeyAchievements Programmes and Services Core Values Future Plans Strotegic Goals Upcoming Projects
2024 Annual Rep Message trom the CEO Leading with Vision, Inspiring Purpose Dear Frlends and Supporte Assalaamu'alaykum. As we close thSs year and look forward to the nert l am proud to share the strides made by the KindGiving Foundation in its inaugural year Your unwavering support and trust have been the cornerstone of our achievements. As we prepare for the coming year. with ambitions to estsblish an endowment fund, we look foward to deepenlng our impact and collaboration with you. This year marked a period of foundation-building: strengthening our governance. refining our strategy. and Initiating meaningful projects in line with our vision of creating impactful legacies. Together, we are building a future rooted In compassion, re5ilien¢e, and shared purpose. We supported three slgnificant Inltlatlves thls year: an emergency response following the Morocco Earthquake Appeal where more than 600.000 people were affected. educational resource funding for local Comrnunty Centre to strengthen leaming facilities. and a leadership Initiative led by a grant making organisation to drive Inclusive employment, Wlth hthvtfelt thanks. These projects. though modest in scale. represent our commrtment to long-term. transformative impacL Abdul Gllafoor Chlef Executfve Offlcer Page 1 Kindgrving Foundation
2024 Annual Report About us Striving for Excellence, Inspiring Success VISION MISSION A thriving community devoted to God, united in purpose. and creating impactful legacies. To nurture and empower talent for the collective good through skills development. financial aid. and mentorship. CORE VALUES Integrity Empowerment Enabling communities and individuals to achieve self- sufficiency. Collaboration Building partnerships to amplify impact and share knowledge Acting with honesty and in alignment with our faith-based principles. Established with a focus on sustainabilily. innovation. and faith-based giving. the KindGiving Foundation seeks to address pressing socieial challenges while lostering community resilience. Pège 2 Kindgiving Foundation
2024 Annual Report Year in Review Building a Legacy of Impact Reflecting on Our First Year Your contribuiions this year directly supported over 1,000 individuals and catalysed initiatives with far-reaching benefits. Every pound donated was a step towards transforming lives, demonstrating the power of collective giving. Poge 3 Kindgiving foundii tion
2024 Nmnual Report ogrammes and Servlces In response to the harrowing Morocco earthquake that left over 600.000 people in urgent need. we inteNened to offer crucial support. The earthquake's devastation called for swift and compassionate action by providing essentlal shelter, nourishing food, and urgent relief. EARThQUAKE APPE Recognising the importance of education, we funded essential Ilterary resources, Including books and learning materials. enhanclng access to qualty primary education for children In the community. 11 EDUCATIONAI SUPPORT Supporting employment inclusivity. we contrlbuted to the establishment of a leadership role at the Muslim Friendly Employers Initiatp4e through an endowment fund. This programme promotes fair and Inclusfve employment practices acr05S sectors. IEADERSHIP ROLE Page 4 Klndgivlng Foundation
2024 Annual Report Key Achievemenls Celebrating Breakthroughs, Inspiring Progress STRENGTHENING GOVERNANCE Implemented robust policies and procedures to ensure accountability, transparency, an(1 alignment with the Charty Governance Code. ENDOWMENT STRATEGY INITIATION Undertook Initial research into endowment approaches and the process of procurement in collaboration with expert advisors. SECTOR COLLABORATION Laid the groundwork for partnerships aimed at knowledg&sharing and understanding good practice in the charty and development sectors. Page 5 Kinthjmng Foundation
2024 Annu¢il Report Future Plcins Fostering Innovation Sustainable Prosperity As we prepare for the coniing year, with ambitions to establish and grow our endowment fund, we look forward to developing sustainability and social impact Kindgiving Fo(Jndation
2024 Annual Rewrt Future Plans Strategic Goals Establlshlng a Endowment As part of our long-term vision. we alm lo grow a slzeable endowment fund by 2025, ensuring financial sustainabilty and creating a legacy of gtving. Incubating Chariti•s By nurturing new charltsble Inltlatlves. we hope to fosler innovation In addresslng the challenges faced by underserved communltles. Rearch and AdVa¢y Our 202¥2025 agenda includes hosllng 4 sector symposlum and underteklng ground-breaking research on the UK Musllm communfy's needs. Upcoming Projects Endowment Operations Framework Finalise and operationalise the governance and investment struclure for our endowment fund by December 2024. Community Needs Assessment Publish findings on the UK Muslim community's social. economic, and educational landscape by March 2025. Sector Symposiurn Convene leaders and stakeholders to address collaborative solutions to systemic challenges. Page 7 Kindgiving Foundation
Gratitude, Collaboration, and Continued Success We extend our deepest gralftude to: Our Donors: Your generosity and trust fuel our misslon. Our Partn•rs: For their exemplary collaboratlon. Our Team: The trustees. slaff. and volunteers whose dedication makes all of this posslble. 4 KindGiving Foundation Chariiy NumbeF'. 1202730 vw.kindgivin9.loundation 0204 5913822 ,Idminv,kindgiving,foundation Solar House. 1 Romford Rd. Lonijon. E15 4LJ
KIND GIVING FOUNDATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The truslees present their repxt with the finan statemeots of the clwity for the y¢ar 31 March 2024. Th¢ tne¢S bav¢ adoi*¢d the wovisions of Accoullting and R¢wrting by C]wities: Statement of Rernned Practice apylicable lo charities Prepari their acL¥Mts in accordance with the Financiol Rewjrting Ststulard applicable in the UK and Republic of Ireland IFRS 102) (effectiv¢ l January 2019). Publlc benefft Th¢ truste¢s wnfllm thai they have complied with the duty in s¢dion 4 of th¢ Chariti¢s Act 2006 to have due regard to publi¢ b¢n¢fit guidan publ)sld by th¢ ConuDission in d#¢nlli the 1vItt¢S und¢nak¢n by the CbaTity. STRuuRE, GOVERNANCE AND MANAGEM GovtrtiinE dotumtnt The clwily 8overnin8 document is a CIO Associaion model wnstitution registered with Charity Commission on 23rd Apr 2023. The charity is controlled by ils governin8 document and con8titutes a Charitable Incorporated Organisation (CIO) as defjned by Charities Acl 2011. REFERENCE AND ADMINISTRATIVE DAls Registered Cb¥Arity Dumber 1202730 PrIncIp Addrai 190A High Street L4)ndon E15 2NE Truit¢¢• Unays Adam App)inled on 26th Scptembcr 2024 Muhammed Zabir Dadabhai- Appointed on 26th Sqrtanber 2024 Imtiaz Patel - ApsM)int¢d on Isl July 2024 Asiah Azizi- Re5iglled on 27th September 2024 RaZ Ahmed Patel- Resigned on 27 September 2024 Wase¢m Yusuf Tailor- Resigned on 2P November 2024 Independent EI#mlner Anwcr Patel BNHolls), BFP, FCA Prestons & Jacksons Partnership LLP 364- 368 Cranbrwk Road llford Essex IG2 6HY Page 9
th)UAlgn En¥éW Ity. 76BGB3tF-F66H7Dm7GB23l7Jl7 KIND GIVING FOUNDATION REPORT OF THE TRUSTELS TotAI in¢oming resourcu to £11&671 inthe ye4T 31"MurlÈ 24 vhlst att8oing re4ourccs wrre £51851. A surplus of £65,820 was geed in the Y which TWi4xI totsl fithds a¢¢¢¥rdkn¢e with aliable llw •nd United AtiD$ Standwds (Unite41 Kittgdimn Grnml The l&w Applicable to clMTili# iti FW •Jd Walw lh¢ Cbatili¢8 Act 201], (A¢ ts fLY each yt4r vkni¢h give a tsne and flir vitw of the stai¢ of affAiTr of thc chlty and of . 4ekn 8uitsble poI?¢its And apply them ciwistr, . obAcrve tho methods aod pin¢4pla in the CThffjity SORP; . nmke judgements and olmate5 th•t 4t¢ ruwblt alldpvdem¢ at any tiD)e tho wition of th¢ ¢i¥Tity •rd to ewbl• the4n to thit th¢ 6TW¢1 stst¢¥nents omply witb the Cbaritia Ath 2011. th¢ Clty (Accounts aDd R¢gutsii(w 21J)8 and th¢ t•kin8 r¢a8onAbk gly f(f thcsTeYeotion alld det¢¢4i4x of fr&1 •nd other iNe&ularitses. Approved byorderof the Ixwrd oftrusieel c•...... on its behlllf by. (h, M43kcirnrne& Page 10
INDEPENDENT EXAhItNER'S REPORT TO THE TRUSTEES OF KIND GIVING FOLNDATION IndependeDt examiner's report to the ¢rn$ie¢s of Kind GiviD2 Found*tioD I report to the charity trnses on my examIOn olthe aCcots of Kind Giving Foundalion (the Tn> for the year ended 31 March 2024. Responsibilities and b•sK• of report As th¢ charity trustees of the TnLSt you are responsible for the preparation of the accounts in accordance with the requirem¢nts of the Charities Act 2011 Cthe ACQ. I r¢port in respect of my examination of the Tru'S Carried out undeT Section 145 of the Act and in ¢arryin8 Out my examination I have followed all applicable Directio9 given by the Charity Q)mmission under Section 145{5Xb) of the Act. Independell¢ examln¢r'8 $tstem¢lll I have compleled my examination. I confirni thal no material matters have come to my attention in ¢onnection with the examinalion giving me cause to believe th41 in any material respect: accounting rec¢xds were not kept in respect of the Tnth as reqUId by Section 130 ofthe A¢L or the accounts do not accord with those recor(L8: or the accounts do not ¢omply wilh the applicable requirements concerning the forni and content of accounts set out in the Charities {AOunts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter consid¢r¢d as part of an Indendent examination. I have no con¢erns and have come across no other matters in Connection with the examIn10n to which attenuon Should be drawn in this report in order io enable a proper therstadIng of the accounts to be r¢ach¢d. Anwer Patel BA(Hons}, BFP. FCA The Insiitute of Chartered Accountsnts in England and Wales 1¥¢slons & Jacksons Partnerthp LLP 364 - 368 Cranbrook Road Ilford Essex IG2 6HY a4 01 Is Page 11
KIND GIVING FOUNDATION STATEMENT OF FINANCIAL AcrtVlTIES FOR THE YEAR ENDED 31 MARCH 2024 U[StrIcted Restricted fund fund Total funds Notes INCOME AND ENDOWMENTS FROM DorTrations and legacies 29 118671 EXPENDITURE O Ch8rit#bl¢ activities Charitable Activity Support Costs 21,438 29560 50,998 Total NET tNCOME 65,820 6S820 TOTAL FUNDS CARRIED FORWARD 65 65,820 The not¢s form part of these fInancial statements Page 12
Dow8*n Enpe ID.. 76acB31)F-Fe7D8B676B23479Dj17 KtND GIVING FOUNDATION STATEmEr OFllNANCJAL.POSrnON 31 MARCH 2024 fund 7SnO 74720 CBEDITORS (9gW) 19WI) TOTAL ETs LLSS CLfRRENT NET A&SETS TOTAL FiJNDS %QIS.......... And wern $i8n•J M Its bewf by: . mc ifiuknMe& Tr4Yobkoi The notes forni part of these finoncid St&tcnts Py13
KtND GIVING FOUNDATION FOR THE YEAR ENDED 31 MARCH 202A sb ofpreprlM8 the eparal in with the ChArities SORP (FRS 102) 'Accotin8 and Reptill8 by chltieS. pith the Finan¢i41 Rewyting StaDdaTd applicle in the UK and R¢pJbli¢ of Irel (FRS 102) (¢ffe¢tive l 2019y, Financial Re StUAdord 102 Tr Filwl R¢portiD8 StaThd8rd plicable in the UK and Rcpublic of Iland. the Cknities Act 2011. Th¢ 3tateu Goilli Colle• The Board ij rA)nfident that tkny blve suffi¢iwrt futh to (wt all Il%tr ¢htl adiffjles UD&r the CIO for the r1 Mfve mooths. Ag a rwu14 the ¥xounts have been wepwed on • 8oln8 rA)n¢¢rn All itw¢me is Tecognijed Statement of F[nanci Actlvitles the charity has entitlement tr the fund& ti is probable that the intrne will t¢ te¢xived and the affmjunt can be measured reliabty. U•bAlities Tec08Du • eXditie a8 )on as thcre is a l¢£a] (ff Constsi11ve obli841ion COmnttIng the chatity to that exFMdittwe. it ig pro1¢ a tr•nrfer of eeonomic Eenefits will required in Settleme •TA th¢ amouth of the obligi4)n w be rnliably. Ex1th is xcounted for on an b15 al has iY¢D cla55ifd utsjer I108$ that 888re8ate all C51 allocated to Ktiviti¢s on • b¥ig consisteni wtth the of Grants offered subJe¢t to ttl0$ vknicb n(rt bea tn# t Il y¢aT end dat¢ •Ye n(tsd RestrictrAJ fid5 can onty be w¢d for tth¢uiar restricl¢d pwpse8 wiibill the dyects of the charity. Restrictions arise 3pe¢ifityJ by &)nor rnbed for particulor Testricted Pag¢ 14
KIND GIVING FOUNDATION NOTES TO THE FINANCIAL STATEMENTS- Continued FOR THE YEAR ENDED 31 MARCH 2024 DONATIONS AND LEGACIES DonatiotL8 118,671 GRANTS PAYABLE Charitsble Activtty The totsl grants paid to iDdividuats during the year was as follows.. National Waqf Fund Mercy to Hwnanity Green Lan¢ Community Centre Hardship Project 25,OIM I,S60 SUPPORT COSTS Governance osts Managemenl Totsls Support Costs 653 TRUSTEES, REMUNERATION AND BENEFs There were no trustees, remuneration or other b¢nefits for the year ended 31 March 2024. Trustees, exptDS There were no tnL%tees' exp¢n5e5 paid for the year ended 31 March 2024. KEY MANAGEME PERSONNEL The key management personnel are the Bo8rd of Trustees. Page 15 continued...
KIND GIVING FOUNDATIOF4 NOTES TO THE FINANCIAL STATEMEiYtS . continued FOR THE YEAR ENDED 31 MARCH 2024 CRED0$. AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors MOVEMENT IN FUNDS Net movement in funds At 31n124 Unre$trl¢t¢d funds General fund 65J20 65.820 TOTAL FUNDS 65,820 65,820 Nel mov¢menl in fiuth, included in th¢ above aT¢ follows: InrJ)ming Resour5 Movement resources expended in funds Unrutrlcted fuDd¥ General fund 89,111 (23291) 65,820 Reytrltted fundj Restricted Funds 29,560 (29J60) TOTAL FULYDS 118 671 52 65,820 RELATED PARTY DISCLOSURES There were no related party tra£aCtionS for the year ended 31 March 2024. Page 16
KIND GIVING FOUNDATION DETAILED STATEMENT OF FINANCIAL ACTivrfiES FOR THE YEAR ENDED 31 MARCH 2024 INCOME 4IND EI¥DOWMENTS I)ODlltion$ 4nd legade4 Donations 118 671 Total ineomlDg ruources 118,671 EXPENDrnrRE Cbrlt#blt ¢thpitieJ C'onsultillg F¢¢s l.cgai F¢¢s Donations- various chaTities 7,738 8.700 34 $0.998 Support ¢08ts Managemtnt Insurance Trav¢llin8 Expenses Subscription 72 175 406 653 Goyernanee eojts Ind¢pendeni Examiners Fees Total Tesources expended Net incom¢ 65 This page does not forni part of the ststutory fjnancial statements Page 17