Charlty rngostralkm Thwnber 1203044 (England and Wahsl . Comp•ny registrntion number 13951507 THE HAJI OMAR FOUNDATION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 A17 23112r2024 CCWANIES H￿$£ THE HAJI OMAR FOUNDATION LEGAL AND ADMINISTRATNE INFORMATION Trust••s Tasnon Jin MAHOmar Hassan Jin ChaTity numbtr IEngland and Waleg) 1203044 C¢)mpany number 13951507 Reglstered office 12 Helmet Row Lon¢Jon EC1V 3QJ Independent examln•r Actsr Elli5 Bmwn & Co Lld Secunty House 7-8 Savenways Parade Woooford Avenue. Gants Hill Illord Essex IG2 6XH THE HAJI OMAR FOUNDATION CONTENTS PagÈ Twu$tses' rowxt Independent exarninerfs ststement of fina￿la1 ¥tsw.t￿s sheet Statement of cash flo14S Notes to Ihe finanrAal staternents 7-12 THE HAJI OMAR FOUNDATION TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 AIARCH 2024 The trustees pres•nt Iheir annual WKI financial slatom￿ts for the yew ended 31 March 2024. The financial staiements have been prepar&Y in arxrydJr￿e with thè aox>untThJ ￿lI￿e$ set out in note I to the financial statements and comply with the chanws goveming document. the C￿nPanieS Act 2006 and 'Accounb"ng and Reporbng by Charities.. Ststement ol Rec0Mn￿1￿led Practice ap￿lIable trj Charit￿s p￿paring theif accounts in accordance with the Finanual Repcffisrrfj Standard applicable in thè UK and RepU￿1C of Ireland IFRS 1021" {effective 1 JanLtrary 20191. Obj4dives and actl¥itiès The objectives of the charity a￿ to fvrther suth charitable purpose5 a5 the tnJ$tees in thwr absolute dis¢rfion may from time to time decide, to help in the advancement of educatson. the rel￿f of poyefty. sickness and distre55 8nd the preservalion and protection of health wimai*y lyjt rnt exthsively throwh the of grants and a150 to promote and advance the religion of Islam. Publi¢ bénefil The trustees have paKI ¢kn regaid to gumlance issued by the Chaw Comrrws3*)n in dotydirvJ what activities the charity should undertake. Aehleveffl•nts and pèrfombane• &9nilicant aclivities and achievemenls ag￿nsI obiectwes Th8 trustÈes are pleased to slate that the Charity has c£rfth"nued with its w1n0p￿ activibes. £62.649 ha5 been received Ihrough cash drylati￿$ ar￿ a freehokl residential property wor1h £650.￿) was grfted during the year. Financial review Princlpal source of lunding The Charity activities have been fiJThJed Ihnxmjh re￿wil¥j donatic￿5 gerwou51y from organi53tions, in whith the directors of The Haji Omar Foundation have controlling inlerests. The Charity was also gifted a freehdd residential property during ihe year to enable the Chanty lo be financially self Sustai￿ to meet sts tharilable objectives. Policy on rtserves It is the polw of the Chanty to Mainta￿ sfficient fuTh*"ng to r9￿lIAue its chantabk aclivitss tr￿t a150 to have reseThes of cash cw assets trj enablè lh¢ ¢h#rity to conlinuè ts pursuit of its ots'eciives. structure. governance and management Reference ènd administrabve d6taH The register8d charity name is The Haji Omar FoLmda*"cm. The thanty rwstrnkn nunknr ts 1203044. The charity registered office address is 12 Helmet Row, Lonth, EC1V 3QJ. Conslrtutron The principal activity of the company is that ol a tharity. The organ¢Sat￿n is a charitats4e company lirnited by guarantee, incorporated on 3 March 2022, company re91Strali￿ number 13951507 IEngLand and Wales) and registered as a charity on 12 May 2023. tharity wisiration nurnL￿r 1203044 IEngL4nd and Wales). The company vrds established under a Memorandum of Ass(M)atron vthich eststrAished the obj'ects and powers of the charitable company and is govwngd urTrder its ArtKles OfA5X￿4tiOn. In the event of the e¢¥npany being wound up. the liablty in respe¢t ol the guawteè 5$ l*nrt¢d wlh thè mémbers, beirHJ thè three trustees and directors of the c(xnparry. Tequtred to contribute an •NJunt I￿t exceedirg £10 per trusteè. The trustees, who a￿ also the dire(kns frjr the FWftKJse of ci)nwany law. arwj WIK) seryed during theyear and up to Ihe date of sKJn3ture of the fina(￿JaI 5tsteryEnts were.. Tasnirn Jin MAHOmar Hassan Jin THE HAJI OMAR FOUNDATION TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Re¢ntitment and appoinbmntof INstaes Trustee induction and [ra￿l￿g New trustèès undergo an orientslbjn day to bft￿ thèm M their lègal obligatw)ns under charity and coryany law. the contènt of the Memorandum and Arbdes of As50Ci8tth. thè o)mmrttee and deusion makin9 processes, the business plan aThJ finano81 perfmnce of the chatty. Rtsk managemanl The tnjstees have a risk managemenl strntegy which COrnPFi5es". an annual review ol the risks thè charity may face.. the establishment of syslems and F￿edureS to mitigate those risks Klentfrf*l in the plan; and the Implementat￿ of procedures des19r￿￿ to minimise any polenlial impad on the tharity shoukb those risks Mater￿lse. The trust88s' report was aKVONpd by Boar(l ofTrustees. Tasnim Jin Trustee 9 December 2024 THE HAJI OMAR FOUNDATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE HAJI OMAR FOUNDATION I report to the trustses on my eXaMinatM￿ of firwcial stalen￿lS of THE HAJI OMAR FOUNDATION IV ¢harityl for the ￿ ended 31 March 2024. Responsibilities and b•sis of report As the trustees of the charity land a150 its rfireclors ts the purposes of Ix)mpany law), you are responsib￿ for the preparation of the finarKial ststements in accordance with Ihe requirements of the Companw Aci 2(106. Having satisfted myself that the financral slaterrents of the charity are not WPqVifed lo be audit￿ under Part 16 01 the Companies Act 21YJS and are eligible for indepeTrJ￿t examination. I in les￿ of my examination of the charity's financial statements carried out under S￿b"On 145 of the ChaiiliesAct 2011. In GarryiNJ out my examinab.on I have foll￿￿ed Ihe Direc11￿S given by the Charity Commiwon uTrJer sedion 14515Mbl of the CharitsesAct 2011. Independ•nt examlnerfs statement Since Ihe Gharity's gross inoyne exceeded £250.W). the irMJÈpendent exanwner must be a member of a body listed in sectKJn 145 of the ch8rits.es Act 2011. 1 confirm that l Sm qualffied to undertake the examinatH￿ because l am a mèmber of thè Aswation of Chartèred Certifièd A(Louniarits. wh4ch is one of the listed t(#Jie5. I have completed my examlnation. l l￿fim} that no mattefs have c£¥ne to my attention in o)nnectw)n wth the examination giving me cause to believe Ihat In any materot ￿perA.. accourbting records We￿ not kept in respect of the charity as required by s•(aion 386 of ts C(YnpanTrgs Act the finanual statements do not ￿(4)rd with IIK)5e rerAyds; ( ihe finanryal statements do not C(￿pty the accounling requwrEnts of section 396 of the COM￿nI¢S Act 2￿6 other than any requirement that the financial statements gNe a true anij tsir v￿, whi¢h is ncrt a rn8tter considered as part of an independent ekwninabon: or the financial stateM￿ts have nol been prepared in a¢xAKtsnce wth Ihe melhods and principth of the Ststement of Recomfflended Pr*ice for aco)unb"ry and repJrting by charities appAica￿e to charities preparing their fjnanoal ststements in accordance ￿th ts Financ￿ Repvrting Standard appltcable in the LIK and RepU￿1C of Ifeland (FRS 1021. I haye shou concfrms and have CO￿ auoss no other matters in ￿r￿Ction wih Ihe examinatr)n lo ￿lch attention e drawn in Ihi$ report in order to enable a prcpr u￿r$I*¥Ji￿j of the finanoal stalements to be feached. Sylvein Pi IFCCA) Actsr Ellis Brown & Co Security House 7- 8 Sevenways Parade Woc*1ford Avenue. GBnts HAI Illord Essex IG2 6XH 9 December 2024 THE HAJI OMAR FOUNDATION STATEMENT OF FINANCIAL ACTMTIES INCLUDING INCOME AND EXPENDrruRE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted Unrestricted lunds funds 2024 2023 Income from". DDnalions and legacies 712,649 6.247 Total ineofflè 712,649 6.247 Expenditure on.. Expense5 in¢tJrTed Charttable donations 31 3.700 1.777 Totsl ex￿ndIture 3,731 1.777 N•t Ineom• and moTmn•nt in funds 708.918 4,470 Re¢oncilialion of funds: Fund balances at 1 April 2023 4.470 Funql balancès at 31 March 2024 713.388 4,470 The staternenl ol ffinancial acliwties indudes al gans aThJ k6ses recowwd in the year. All wKome and expenditu derive from continLring aCbvit￿s. THE HAJI OMAR FOUNDATION BALANCE SHEET ASAf31 MARCH 2024 2024 2023 FIX￿ assèts Inveslment prop¢rty 10 Current assets Cash èt bank and in hand 5.079 Creditors: wnounts falling due w(thin one year 11 1609) Net current assets 4.470 TrAal assets les$ curr•nl Ilablilles 713.388 4.470 The lunds of thè charity Unresln'cted funds 12 713.388 4.470 713,388 4,470 The company is enlilled to the exerrytion Ihe autht requiremenl conlained ￿ section 477 of the Cornpanies Acl 2006, for the year ended 31 Marth 2024. The directo￿ acknovAedge their resw)nsitMlitieS for compiyiny v*ilh the requiremants of ￿ C¢Jmpanies Act 2W6 th respect to a¢countir¥J records and the w8paratw)n of ¥tst¢ments. The members have not required company to obtsbn an audit of tsfinaThi* stalett￿nts fty the year in queslion in accordance with Sects'￿ 476. These firancial 51alements have been prepared in acciKdance Ihe provBic￿s to cornpan￿ subjecl to the small companies regimè. The financial staterrents were apwo¥ed by the t￿￿ on 9 2024 Mfr-" Tasnim Jin Trustee Hassan J Company regi5tra11￿ numter 13951S)7 IEnglaThJ aNJ Wa￿} THE HAJI OMAR FOUNDATION STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Cash flovra from operating athities Cash generated from cwabons 16 5,079 Net cash gtnerdted from inv*stFng adivtties Net cash generat•d from financin9 acti¥its N•t Incr•aso In ¢a$h •nd ush •quiY•lents 5.079 Cash and cash equival*nts al of y 5,079 Cash and cash equl¥alents at end of ￿ar 63.388 5,079 THE HAJI OMAR FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AIARCH 2024 A¢coufillng polld•s Ch•rity information THE HAJI OMAR FOUNDATION is a private ownpany limi￿ by guarantee incOrFKXat￿ in Engknd and Wale$. The regbstered ofke 1$ 12 Hglrrt Row. Lon¢kn. EC1V 3QJ. 1.1 Reporting period The annual finanaal statements of thè Charty are presented here. This being the second year of operations of the Charity sin(x its irKX)rporati()n ￿ 3 Marth 2022. Ihe financJ* *tements presented here are not mparabte to the ¢ompar¥b"ves prEs￿le￿. 1.2 A￿O￿nting convention The finanrial ststement5 have treen prepared in accorfance th¥ ¢haTiVs gov¢ming document, the Companies Act 2006, FRS 102 The Financial ReFth'ng Standar¢l apF4icable in the UK and Ropubli¢ of Ireland" {"FRS 102.1 and the Charities SORP "AccryJntsThJ and Reporlirrfj by Chanties." Ststement Recommended PraCt￿e applicable to charities préparing their accounls in acc￿rdanCe wth the Financial Reporting Standard applicable in the UK a￿1 Republic of Ireland IFRS 102}" (effeclive 1 J￿￿ary 2019). The charity is a Public B￿rit Entsty as defined by FRS 102. The financial slalements ale prepared in stwling. which is the fvnclional Gurrwcy of the ¢tsity. Mon8tary amounts in thèse finan¢ial sratements are r￿nd￿d to the nearest £. The financiaj ststements have tjeen prepared under the historKal cosl COn￿ntION. The princip81 accounting policies adopted are set out below. 1.3 Charitsble funds Unre51ricte(I funds we availab￿ fly use at the di5crekn of ￿ tru51ee5 in ￿rIhera￿c¥ of their tharitab19 objectives. Restricled lu1￿$ are Subject to specffi￿ c￿d[l￿S by dor￿T$ ￿ grantors as to h(Av t￿Y may ￿ used. The purposes and uses of the reslrthd lurKts awB set wt in the ￿leS to the financial ststements. 1.4 Ineom• Income is recognised vthhen th8 charity Fs legalty entsued to bt after any perf0M￿Ce conditions have been met. thè amounts can be measurnd rèh"ably. and it Ès sxobabbe that irKcAne wll be receNed. Cash donations are recognisal on reC￿p¢. Other d￿l￿)n$ are recognised Or￿ the charity has been notrfied of the donalh)n. unless ￿￿￿rn￿nce conditiorts requi￿ deferral of the amount. Income lax recoverable in relation to (b)nations received under Gift ￿"d or deeds of u)venant is rs¢(YJnised at the time of the donatK)n. Legaaes are recognis¥d on receipt or olhgrthryse rf ts tharity has been notifi￿ of an impending dstributicffi. Ihe amount is kno•m, and ￿¢*1p1 is expected. 11 Ihe a￿￿1n1 is not krKWI. the lega¢y is tsated as a contingent asseL THE HAJI OMAR FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AIARCH 2024 A¢eounling poliei•s (Continu•dl 1.5 Exp¢ndllure Expenditur8 is recsjgnwj m t￿re is a legal or construciive obl￿atrOn to transfer economic benefft to Ihir¢J party, rt is proba￿$ that a transfgr of ￿nafftS wll be requffed in Selder￿n( and the amtsunt of thè obligation can be m*asur¢d 18liabty. Expènditu￿.1$ dassif￿d by 8c*?rity. Tl* cxsts of eath a¢ll￿ty are made up of the totd of dir￿1 costs and shared costs. including SUPF*Yt Costs Trn¥ofve(l in ur￿ertaknng ea¢h activity. Oirect costs attributa￿e to a single activity are allocate(I diredy lo that acbvty. Shared cJ)5ts whK* contiibule to more than one acb.vity and supptsrt costs which a￿ not attribuiable lo a Sing￿ a(￿"¥ty are apwrtKJnÈd beh¥een trw)se aclivitEs on a basis ¢onssienl with use of Te50urces. Central stsff C￿ts arè alktsted on Ihe basis of ts'me Sk*nt, and depreciation charges are alkcated on the FQrtkyi of the assefs use. 1.6 Inv•stmènt prop•rtl•s Investment propety. is propety he￿ to eam rentsb an(Vor for caprtal appreciation. is initially re¢ognF5ed ￿ cost, vthich i￿ludeS Ihe purchase cost and any direLlly athbutable exwidrture. Sub8equenlly it Is measured at fair value al the reF(ffling end date. The surplu5 or defio"t on revaluation is ￿(x)gnISed in profil or k7ss. 1.7 Cash and cash •quivoi¢nts Cash and cash equivalents indude cash in harKI. deFKJ%ts h•ld ai i*ll with banks. other short4emi liquid )ve5tments wilh original rna￿111￿ of three months or less. arKI bank overdrafts. Bank overdrafts are shown thin borrowings current Ira￿lIt￿. Basic financlalassets Basic financial assets, which indwje debt(Ms arKI cash and bank baL9nces, am initially measu￿d at transaction price indudirg transaction costs and are subsequènty camed at am0￿"Sed cost using thè èffective interest method unless the arrangerrenl eA)n5trtutes a finanting transactKm. wf*re the transaction is measured at the present value of the ftjture receipts discounled al a rna￿et rate of interest. Finanryal assets dassified as receivabk within one year are mt amorbsed. Basic financlal Ilabililles Basi¢ fin8nryal liats"lities, including creditors ￿ bank loans are initialty recognkw * transacknn pri¢e unlass the 8rrangemenl ¢onstitutes a financlng tranwtiM. where Ihe debt instrumènt is measurnd at the prèsént value of the future payrnents discounted al a market rate of interest_ Finanual liabilit￿$ dassifie employees vh)se annual remunerat￿ was than £60.000. Taxation The charity is exempt from taxatKffi on its aclivit*s because all ts incOff￿ is a￿led for charitable purposes. 10 InvestThRnt property 21124 Cost At 1 April 2023 Additions 650.000 At 31 March 2024 650.000 Investment property coffyises freehcthl investm￿ prrwerty gffted to the Charity. The trLtstees consider the open rnarket value to be in excess of the o)st of the property. 10- THE HAJI OMAR FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AIARCH 2024 11 Credltors." amounts tslling due within one year 2024 2023 Acuuals and deferred Inc￿Me 609 12 Unrestri¢t•d funds The unreslrtcled fvnds of the charity (x)rnpnse the ynexEwded balances of donat￿n$ aThY grants which are nol subject to specific condthns by dorM)rs and grantors as to IK)W t￿Y may be used. These indude designated fvnds whth have teen sel aside out of unrestricled lurmls by the trustees for specffic purposes. At 1 Aprfl Incoming Resources At 31 M•rch 2023 re%￿r￿S exp¢nded 2024 G8ner81 furKIs 4.470 712.649 13,7311 713.388 Previous Peri(Kl: At 1 April Incoming 2022 rèsources Resources Al 31 March expended 2023 General funds 6.247 (1.7771 4.470 13 Llmited by guarant•• The Haji Omw FourKlatW is a rx*npany l¥niled by guarantee and accordirrfJty does not have a Share capitsl. 14 Controlllng pwty The operalli￿$ ol Ihe chan1a￿e c(wny a￿ c￿led by the Truslees. 15 Related party transactions Taking advantage of the provisions alltyrt1 by para 9.18 and 9.19 of Chapter 9-Disclosure of trustee and 5tsff remuneratKJn. related paty and othèr transactions" of thè Charities SORP (FRS 1021 "A¢wunting and Rewtirtg by Charrties.. StatÈrnÈnt of RÈCOmr￿nded Pracb"ce applicable to tharities preparing their accounts in accijrdance with the Fi￿￿al Rewbng Standard ap￿]cable in the UK and Repubtic of Ireland" leffeclive 1 January 2019). the charity received a total aggregale amount of £712.649 donations and gifts from truslees and related parties without Conditior￿ There have teen no related paty trans8¢AK￿￿ in th8 period other than those di5dosed. 11 THE HAJI OMAR FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 16 Cash g¢nernted ¢Jper¥tion$ 2024 2023 Sufplus for the year 58.918 4.470 M¢>vements in workin9 capital: (Decrease￿increaSe in creditors {8091 609 Cash g•n•rat•d from operations 58.309 5,079 17 Anatysis of thanges in netfunds The ¢harty had no mat8rial debt dunng thè year. 12-