Company Reglstered Number: 14017708
Charlty Reglstorgd Numb8r: 1204378
MADANIYA (PREVIOUSLY CIVIL SOCIETY NETWORK)
(A Company Limited by Guarantee)
UNAUDITED
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

MADANIYA
IA Company Llmlt•d by Guarantee)
CONTENTS
Page
Reference and Administrative Detsils of the Charlty. its Trustees and Advisers
Trustees. R•port
Statement of Trustees. Responsibiliti
Independent Examlnevs Report
Statement of Financial ActIv￿leS
Balance Sheet
10
statement of Cash Flows
Notes to the Financial Statements
12-21

MADANIYA
IA Company Llmlted by Guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARrrY. ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 DECEMBER 2023
Truslees
Ayman Asfari. Chair
Amneh Khoulani. Wice Chair
Fadi Dayoub. Treasurer
Samer ChaM￿PaSha
Ibrahim Olabi
Cornpany reglstered
nurnbor
14017708
Charlty reglsterad
number
1204378
Regl$ter•d office
Unit A, 1-3 Canfield Place
London
United Kingdom
NW6 38T
Chtef executlve offlcer
Sawsan Abou Zainedin
Independent Examlner MHA
6th Floor
2 London Wall Place
London. Uniled King(hJn
EC2Y SAU
SollGltors
BDB Pitmans LLP
One Bartholomew Ck)se
London. United KIr￿0M
EC1A 7BL
Pag8 1

MADANIYA
IA company Ilmlted by guarantee)
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023
Chalrfs Introduction
On behalf of the Board of Trustees. The Chair presents the Annual Report for Madaniya for the year ended 31
December 2023.
Oblectives and Adivitigs
Charitable Objectives:
The advancement of human rights (as set out in the universal declaration of human rights and
subsequent nations convents'ons and declarations), for the wbli¢ benefit in relation lo Syria, including but
not exdusivdy by..
raising the public's awareness of human rights issues.. and
conducting intemalional advcKacy of human lights.
The promolDn of the effective use ol res(￿rCeS for charitable purposes in relation to those affected by
war and conflict in Syria (who aro inside Ihe country orwho have been displaced), in partiuJlar by running
a network which will=
c(kordinate with civil society organisalions that have the common goal of providing charttable
seNices or rdief..
act as a forum for the exthange of Infom￿7￿ betsveen CIV￿ wiety organisations in order to
idenltfy gaps ii) the range of charitable servKes available.,
represent a range of views to policy makers and funders- and
provtde advice and inforynation to civil society organisab'ons.
A￿￿ltIeS.
Madaniya's charitable objectiv&s are der¢ved from its vision of an inclusive, deM￿ratie. and sovereign Syria.
where all citizens are equal under the rule of law. These obiectNes are entrenched in its mission lo protect civic
space and support the pioneerng role of civil SoC￿ty in buihdiThJ Syria's fvture. Madaniya advances this mission
by-.
A. Mobilising Syrian civil 4ociety organisats.ons inside and outsKJe Syria around a shared sgt of rights-based
values lo organise wrthin a untfyiry civic space that transcends divisions and enhances a sense of
belonging and ownership.
B. Capilalising on the collective resources. capacities, kn￿edge, and political influence of Syrian civic
octors, Madaniya works to ensure a leading TO￿ for syrIar￿ In Syria-relaled decision-making pro￿$Se$
on the local, regional, and intematsonal levels. 11 elevates the presence of Syrian civic actors and
introduces them as key interlocLrtors for intemational policymakers and genuine counterparts in decislon-
making plattomis relate.d lo Syria.
C. Internally, Madaniya strives lo increase Ihe efficiency of civic work related to Syria by supporting member
organisalions to imprn'e their institut￿nal capaciiies and stimulating an inducive work environment that
protects uvic actors. This environment allows them lo efFiaenYy navigate the intemalional assistance
landscape and encourages their crthination and collatr￿r8ti0n to ertsure complernentarity and
ntersectiorsality, reducing IndNiduality and speculation.
Public Bonefrt:
The Trustees have comFdied with their duty to have due regard io the public benefit guidance published by the
Charty Commission.
Page 2

MADANIYA
IA company 11m1t￿ by guaranl•e>
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023
Achlevements and Perforniance
, On the moblllsatlon front
Madaniya organised seven inyrson and virbjal mobili&ilion meetings in 2023 to recruit member organisations
that believe in ils vision, missiw, and valLtes. These meetings tsrgeted over 250 Syrian ryvil society organlsations
inside Syria's different geowlitical dNisions. as well as in neighbouring countries and the di8spora. The
organisations included grassroots and comniunty-based organisalions, unions and syndicates. cultLtral and
profession81 associations, victims. associations, research centres and think tanks, media ouuets. as well as
humanitarian and hLsman rights NGOS. By the end of 2023, over 200 organisations offi￿allYI01ned Madaniya and
actively participated in its activities, achieving 1350A of Madaniya's mobilisation target for 2023.
& On prgsanting Syrfans as ¢ountsrparts
Madaniya organised a large inaugural conference in June 2023 in Paris. bringing together over 200 Syrian civic
actors representing 170 organisations from Syria's uvic space. which encompasses a wide range of sectors and
geographical areas, bolh insKle and outside the country. The conference was attended by more than 100
distinguished guests, including diplomats representiry the European Union, United Kingdom, France, Germany,
the Nelherfands. Italy. Austria, sl￿ZErtarKl. the United Stsles, Canada, Turkey. and Qalar. Representativos from
the Office of the UN Special Envoy for Syria. the S￿T￿n Negotiation Committee. and influential international and
Syrian leader5 and decision-makers from intemational noTrgov8mmental organisations and think tank5 fooused
on Syrian affairs also took part in the Conference.
On the first day of the conference. Syrian civic actors convened in nine workkng groups to engage in fruitful
discussions about the prospects of our collecb've work under the Madaniya umbrella. These groups explored the
priorlties of civic work in Syrfa In the short. medium, and long terms, identifying opportunities for collaboration to
advance solutions. On the second day. we welcx)med our guests and presented four panel discussions that
delved into the concept of reclaiming the political agency of the Syrian civic space across the justice and
accountability, relief and development, and pcAtbeal tracks conceming the future of Syria. We explored the roles
IhroLKJh which civic actors can inlluence these tracks, o)ntributing to shaping the future of Syria based on our
shared values.
Madaniya fvrther organised an international engagement pr(xJramme tsrgeting seven key capitals in decisio
making related lo Syria. These included London, Washington DC. Brussels. Bedin. Istanbul, Rome. and Alhens.
Throughout these meetings. Madaniya met with minislers, ambassadors. and special envoys working on Syria.
Some meetings were organised as roundtatAe discussions where representstives of Syrian elvil society
organisatsons rnet with senior decision-maker5 and their technical teams. whereas others weia organised as ong-
on-one meetings with Selective smallei groups of attendees. In additson to these vis((s. th8 programme included
two meetings in Geneva with the UN offi￿ of the Special Envoy to Syria and the Syrian Negotiation Committae.
C. On Increasing the offlclency of the clvlc space
Based on the analysis of detailed notes from the inaugural conference dis¢ussions on day one, Madaniya
identified actionable entry points Ihat sha￿d its Working plan for the next year. Madaniya conducted a series of
meetings with member organisations lo discuss and revise th￿ plan accordingly. Consequenly, four virtual
working groups for rnem￿r organisations were established, focusing on the protectic*) of the civic space. the
rebuilding of its value-based common ground, its accountability to local communTties. and its relation to
Intemational decision-makers.
Pa98 3

MADANIYA
IA company limited by guarantee)
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023
Madaniya further planned a series of meetsngs to discuss its internal bOaws. which set out the terms of
en9agem8nt for rts Injstees. executive team. and network of civil society organis8tK)ns. The bWaws also include
the terms for establishing a n.)n-legal. noTrgoveming board of directors. of which trustees are members. This
board sets out the strategic plans of Madanrya and operates through sub-committees. It is comprised of
individuals elected peri(xlicall"I by member organisations in their individual capacities lo ensure consistency
betsveen the aspiratlons of member organisations and the strat8gic direction ol Madaniya.
Interconnectgd examples
Throughout the year, Madaniya erKleavoured to create synergies around shared activi118s and capi181ised on
cdlective resources lo foster solidarity among member organisations during significant events. These synergies
were most notably realised fc4',owing the earthquakes in Syria and Turkrye on 6 February 2023. In the absence
of a legitimate and credible gcvemment lo represent Syrians during this crisis, Madaniya mobilised Syrian civil
society organisations in the diaspor8 lo establish the Syria House in London and host high-level diplomatic visits.
The Syria House served as a temporary community spa￿. opening following a special event on Tuesday, 14
February, attended by His Majèsty King Charles 111 and the Mayor of London, Sadiq Khan. The space was then
open lo the public for three das's. inwting people to c4)mmemorate Syrtan earthquake victims and show solidarity
with the families of those still missing. The House received vistts from the then UK Foreign Secretary, James
Cleverfy,. Shadow Foreign Secretary DavFd Lammy. Leader of Westminster City Council Adam Hug,. Foimer UK
Envoy lo Syria Jonathan Hargreaves: Interim Syria Special Envoy Charles King,. and other members ofthe FCDO
team and govemmenl officials.
Another significant example was Ihe"Everyday Counts- Campaign. facilitated by Madaniya in relation lo the case
of torture against the Syrian regime at the International Court of Justice (ICJ). On 10 October 2023, a major
milestone was reached as the ICJ commenced its first hearing in the case broijght by Canada and the
Nelhedands against the Syrian regime. This achievement w85 the f8suII of tremendous, dedicated efforts led by
Syrian human rights organisations and wctims. associations. Madaniya collaborated with prominent Syrian
orgsnisations and victims. groLPS lo build momentum around the caso. share information about its legal basis,
and raise awareness of its sigrificanee. Addtbonalty, Madaniya W0￿ed to activate a solidarity system to efi5ure
the participation of victtms. suryivors, and their loved ones in and around the court's events. The aim was lo
advocate for justice. seek ansv*ers regarding the fate of disappeared loved ones. and assert lo the worfd that the
Assad regime stands accused of heinous acts of murder and torture.
Financlal Review
Rovlew of Flnanclal Position:
Madaniy8'S tot31 income in 2023 amounted to £0.57 rn￿110n, received in unresiricled grants from the Asfari
Foundation. The funds were processed directly by the A5fari Foundation, as Madansya did not have 8 bank
account in 2023. As of 31 December 2023, Madaniya had spenl £0.52 million of these funds. The Asfari
Foundation carried foFward the remaining balance of £0.05 million lo January 2024 on behalf of M8daniya. Total
expenditure on charitable activi:.ies for 2023 was £0.35 million. while operational expendiluro amounted lo £0. 17
million, covering foundational sel up costs as well as leam arKI technical advisors fee5 and salaries.
Madaniya did not perform any rundraising aclrvib.es in 2023. Add￿OnallY. Madaniya has no invoslments and is
not a grant making entity. Therefore, Madaniya has no wliaes ¢or>ceming investments. 01 grant making.
Madaniy8 doesn't have a formal reserves policy yet but is in the process of devoioping one.
Page 4

MADANIYA
(A company Ilmited by guarant90)
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023
Prfnclpal Rlsks and Uncertalntles:
The lack of a bank account W8S the m8jor challenge faced by Madaniya in 2023. It reslricled its fundraising
activities and plans. As a company limited by warantee, Madaniya submitted application5 for bank accounts with
several high-street and online banks, but made litue progress. The overcompliance environment of banks
regarding conflict-ridden and highly sanctioned countries like S￿la significantty contributed to this challenge. Tho
grant agreements with the Asfari Foundation included a hosbng arrangement that allowed them lo process
payments on Madaniya's behalf. providing a tempyary sdubon. Having been registered as a charity in August
2023, Madaniya will resume appllcations to a number of high-street and online banks, hoping to obtain a bank
accoynt by the end of 2024.
Financial risks related lo breaching regulations concerning sanctiorss and terrorism are well understood by the
trustees and Senior management of Madaniya. To mibgate these risks. Madaniya sought assistance from the
Asfari Foundation. which exlended its experience and infraStruC￿re to SUPFX)rt Madaniya's due diligence efforts,
polieies, and rffa¢tices.
Plans for the Future
Honouring its chérstat￿e objectives. M&Janrya wll continue its activilies centred on mobilising Syrian civil society
org8nisations, introducing them as ￿￿nterpartS to international decision-makers, and leveraging their collective
resources to enhance the effiaency and capacity of the Syrian cswc space. Projects and programmes to meel
these obl￿tiVeS will be designed in consultation with member organisalions and advisory groups.
Meetings lo discuss Madaniya's bylaws with member organisations will be conducted throughout 2024, with the
first declions for one third of the non%oveming board of directors planned for the second half of the year.
Addtbonally, Madaniya will work with its member organisatsons to fom)alise a financial model in which
organisations can vduntsrily C￿tribUte to Madaniya's budget on an annual basis.
Structure. Governance and Management
The goveming document of Madaniya is the Constitution, which indudes ils Memorandum and A￿.￿eS of
AS$￿i8t10n. incorporated on 01 April 2022. and amended by the certtficate of incorporation on change of name
and objectives, dated 10 August 2023. Madaniya's ci)nslitulion stipulates a minimum of three Twstees. cUrren￿y.
Madaniya has five trustees who also act as Directors for the purwses of company law. Trtjstees are selected
bas￿1 on their expertise and capabilikn.es to ensure effectlve govemance that meets legal and ethical slaTrdards.
New Trustees participate in several meetings wÉth Madaniya's fom)er Tfustees and senior management lo lully
understand their duties towards Madaniya.
The Key Managemenl Personnel of Madaniya &￿SIst of ts Trustees and the Chief Ex8cu14ve Officer (CEO).
Trustees volunteer tsir lime and receive no remuneration. The CEO'S remuneration is delerniined and approved
by the Iruslees, in line wtth sector slandards.
In addition to its Trustees. Madaniya has a non-legal. non-goveming board of Directors. of which the TrtJstee8
are members. The power of this Board of Directors is delegated by the Trustees lo sel the strategic plans of
Madaniya. The Board of Directors acknowledges that the trustees retain full eontrol and legal responsibilty and
will not usurp the general docision-making authority of the trustees by making decisions without appropriate
authority. The board of directors understsnds that any decisions it makes that contradict the legal responsibilities
of the trustees are null and v(id.
Page S

MADANIYA
IA company Ilmited by guaranlge)
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023
Members of the 8oard of Directors eontribute their time on a voluntsry basis and thus do not receive any
rèmuneration. They work thrwgh sutKommittees and meot periodically to ensvr8 the 8fficienl Strategic
management of Madaniya. In 2023, members of Madaniya's Board of Directors were selected by the Trustees
for their skills and abilities. Gcing forward, members will be nominaled and elected periodi¢ally by Madaniy8'9
memberorganisations. Board members serve in their individual capacities and do not repre9enl the organisations
that nominated or elected them.
In addition to its Trustees and Board of Directors. Majansya operates a nelwork conslgting of Syrian uvil society
organisalions. Membership in this ne￿ork is contracluaj. not legal, and therefore does not confer any formal
conslitub'onal roles. Madaniya engages with these member organisations through regular meetings to gauge
views about the strategic direction of Madanrya and to involve tt79m in the periodic elections of the Board of
Directors.
On 16 August 2023 the company became a registered chanty and therefore fom)ally adopted the Chartties
Statement of Recommended Practice applicable lo charrties preparing their accounts in aCC￿[danCe with the
Financial Reporting Standard appl¢cable in the UK and Republic of Ireland. As a result, the comparalive figures
in the financial slalements have been reststed in order lo comply with this accounting standard.
This report was approved and authorised for issue by the Trustees and signed on its behalf by:
Ayman A$farf
Chair
Date: z?1 qJL¢I
Pag& 6

MADANIYA
IA Company Llmlted by Guarantee)
STATEMENT OF TRUSTEES. RESPONSIBIL￿lEs
FOR THE YEAR ENDED 31 DECEMBER 2023
The Trustees (who are also the Directors of the Charity for Ihe pu￿OSe$ of company18wI ar8 responsible for
preparsng the Tnjslees. ReFN)rt and the financial statements in acc4)rdance with applica￿& law and United
lfjngdom Accounting Standards Iunited Kingdom Genwaly Accopted AcwuntFng Practice).
Company law requires the Trustees to prepare financial statements for each financk41 year. Un(ler company law,
the Trustees must not approve the financial stalements unless they are satisfied that they give a true and fair
view of the state of affairs of the Charity and of its incoming resources and application of resources, including rts
income and expenditure. for that period. In preparing these financial statements, Ihe Trustees are required to..
select suitable accounting poliues and then apFAy them c￿SiSten￿,
observe the methods and Princi￿9$ of the Charities SORP (FRS 102)..
make judgements and acccMJntirKJ estimates that are reasonable and prudent..
stste whether ap￿ICable UK Accountin9 Standards IFRS 102) have been followed. subject to any
material departures disclosed and explained in the financial statements,.
prepare the finanGial statements ￿ the goiTrJ concem basis unless tl is inappropriate to presume that the
Charity will continue in business.
The Trustees are responsible for keeping adequate accountsng records that are sufficient lo show and explain
the Charitys transactions and disck)se Trmth reasonable accuracy at any time the financial posfÉion of the Charity
and enable them lo ensure that the financial statements compty with the Companies Act 2006. They are also
responsible lor safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention
and detect￿ of fraud and other l￿egUla￿tieS.
Approved by order of the Members of the Board of Trust￿ and signed on its behalf by.
Ayman Asfari
Chair
Date:
2•1qll
Page 7

MADANIYA
IA Company Limited by Guaranto•1
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 310ECEMBER 2023
Inde￿nd￿nt Examinerfs Report to the Truslees of Madanrya Ilhe Charft
I report lo the Charty Trustees on my exam#iation of the accounts of the Charity for the year ended 31
Oecember 2023.
Responsibilities and Basis of Report
As the Trustees of the Charity {and its Directors for the purposes of company lawl you are responsible for the
preparation of the accounts in accordance wth the requirements of Ihe Companies Act 2006 Ilhe 2006 ACVI.
Hawng satisfied myself that the accounts of the Charity are not required to be audited under Part 16 of the 2006
Act and are elwJible fof ifKlependent examination. I report in respect of my exarnination of the Charitys accounts
carried out under section 145 ,)f the Charities Act 2011 ('the 2011 Acri- In carrwng out my examination I have
followed the Directions gwen bj the Charity CoMmiss￿n under Secti￿ 14515)(b) of the 2011 Act.
Independent Examlnerfs Statem•nt
Slnce the Charitys gross income exceeded £250,000 yi)ur examiner must ￿ a membgr of a body listed in
section 145 of the 2011 Act. I ￿nfirrn that l am qualrfied to undertake the examination because l am a member
of Institute of Chartered Aceountanls in England and Wales, vthich is one of the listed LKxlies.
I have completed my examinatjon. I confim that no matters have ￿me to my attention In connection with the
examination giving me cause to believe:
accounting records were iot kept in respect of the Charity as required by seclion 386 of the 2006 Act" or
the accounts do not accord with those re¢￿ds. or
the accounts do not comply wtth the accountiThJ requirements of section 396 of the 2CNJ6 Act other than
any requirement that the accounts give a Ynje and fairf view which is not a matter considered as part of
an independent exarnlnali￿', or
the accounts have not been prepared in ac¢xJrdance wilh Ihe methods and prinaples of the Statement of
Recommended Practice -or accounting and reporting by charitses lapplicable lo charities preparing their
aceounls in accordance wtih the Financial Reporting Standard applicable in the UK and Republic of
Ireland IFRS 102)].
I have no concems and hav¢ come across no other matters in ConneCt￿n the 8X8mination to which
attenlion should be drawn in this report in order to enab￿ a proper understanding of the accounts lo be
reached.
This report is made solely lo the Charivs Trustees. as a body. in accordance wtth Part 4 of the Charrties
(Accounts and ReFM)rtsl Regulations 2008. My work has been undertaken so that I might stale to the Charitys
Trustees those matters l am rpquired lo stale lo them in an Independent Examinerfs Report and for no other
purpose. To the fullest ext&nl pemiitted by law, I do not accept or assume responsibility lo anyone other than
the Chanty and the Charitys Tnjslees as a bcrfty, my work or Ihis re[
Signed..
Stuart McKay Bsc FCA DChA
MHA
London, United Kingdom
Dated.. 2710912024
Page 8

MADANIYA
IA Company Limited by Guaranteo)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEPR ENDED 31 DECEMBER 2023
Total
funds
9 morpths
&nded
31 D•ctrmber 31 December 31 December
2023
2023
2022
Unrestrlcted
funds
Total
funds
Note
Income from:
Grants
568,082
568.082
20,566
Totsl Incom&
568.082
568,082
20,566
Expandbtur• on:
Charita￿e acti￿tieS
516.120
516.120
20,566
Total expendlture
516,120
516.120
20,566
Net movement In funds
51,962
51.962
R•conciliation of funds:
Nel movement in funds
51.962
51,962
Total funds carrled forward
51,962
51,962
The Stalement of Finar￿181 ACtiv￿oS includes all gains and k)5ses recognised in the year.
The notes on page$ 12 to 21 fomi part of these financial statements.
Page 9

MADANIYA
(A Company Limited by Guarantee)
REGISTERED NUMBER: 14017708
BALANCE SHEET
AS AT 310ECEM8ER 2023
2023
2023
2022
2Q22
Note
Current assels
Debtors.. Amounts fallirvJ due wtlhin one year
Cash al bank and in hand
10
12,683
57,598
57.598
12.683
Creditors: Amounts falling due within one
year
11
{5.6361
{12, 683)
Net Gurrent assets
51,962
Total nol assets
51,962
Chartyfunds
Unreslricled funds
12
51,962
Total funds
51,962
The Charity w8s entilled to exemption from audit under soctton 477 of tha Companies Act 2006.
The Members have not requir•d the company to oblain an audit for the year in question in accordance with
section 476 of Companies Act 2006.
The Trustees acknowledge their fespons1bilrt￿S for comF4wng the requirements of thg Act wlh reSp￿t to
accounting records and prepari?tion of financial statements.
The financial ststements have )een prePa￿d in ac(L)rdance the provisions applicable lo enlitSes subject to
the small companies regime.
The financial ststemenls were approved and authorised for issu8 by the Trustees and signed on their b&half by.
Ayman Asfari
Chair
Date..
t71qILP
The notes on page5 12 to 21 fomi part of these financial ststements.
Page 10

MADANIYA
IA Company Limited by Guarantee)
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2023
9 months
ended
31
December
31
D•cembor
2023
2022
Not•
Cash flows from operating actlvltles
Net cash used in operatirKJ actiwties
14
57,$98
Change In cash and tash equlvalents In the year
57,598
Cash and cash equivalents at the end of the year
15
57,598
The notes on pages 12 to 21 fomi part of these financial slatements
Page 11

MADANIYA
IA Company Limited by Guarant•è)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
General Inforynatlon
Madaniya is a Charitsble Company and is registered with the Chanty CommissK)n Icttanty Registered
Number 1191681) and the Registrar of Companies (Company Registration England and Wales).
In the event of the Chartty being wound up, the liatxlty in respecl ol the guarantee is limited lo £1 per
Member of the Charity. The address of the registered office is given in the Charity infomialion on page 1
of these financial st8lements. The nature of the Charitys operations and princ¢pal activities are detailed in
the Trustees, rewt.
The sfvjnificant accountsng FK)li¢ies applied in the preparat￿ of these finanaal statements are sel out
bdow. These policies have been consistently aP￿leS to all peri(MJs presented unless otherwise staled.
countlng pollcies
2.1 Basls of preparation of financlal statoments
The financial staternent5 have t)een prepargd rn accordance wilh the Chartties SORP (FRS 1021-
Accounting and Re30￿.ng by Charrties: Statement of Recommended Practice applicable lo charities
preparing their attounls in accordance with the Financial Reporting Stsndard applicable in the UK
and Repu￿1¢ of Ireland IFRS 1021, the Financial Reporting Standard applicable in the UK and
Republic of IrelaThJ IFRS 1021 and the Companies Act 2C(16.
Madaniya meets the definition ol a publK benefit entity under FRS 102. Assets and liabilit￿9 are
initially recognised al hi5tori¢al cost or transaction value unless otherwise Staled in the relevant
accounting policy.
The financkgl ststements are presertted in sterling which is the functional currency of the Charity and
rounded lo the nearest pound.
On the 16108123 the Comparw became a registered Chanty and therefore formally adopted the
Charibes Statemen-. of Recommended Practi￿. applicable lo charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK arld Republic of Ireland. As a
result the comparative figures in these financial statements have been reslaled in order to comply
wth this accounting stsndard.
The Charity had a short accounting perh￿ of 9 months in the prior year. therefore the comparatives
are not dIr￿￿Y comparable.
2.2 Going concern
The financial statements have been prepared on a goiThJ concem basis as the Trustees believa that
no material uncertainties exisL The Trustees have conshlered level of funds held and the
expected level of income and expenditure for 12 months from authorisirkg these financial
statements. The budgeted ineome and expenditure is suffieient wth Ihe level of reserves for the
Charity lo be able to continue as a going concem.
Page 12

MADANIYA
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 310ECEMBER 2023
Accounting policies leontinued)
2.3 In¢ome
l income is recognised once the Charity has entittemenl lo the income, it 19 probable that the
income wll be received and the amount of income receivable con be measured reliably.
Grants are included in the Statement of Financial Activiti"es on a recelvable basls. The balance of
income received for specific purry)ses but not expended during the period is shown in the relevant
funds on the Balance Sheet. Where income is received in advance of entittement of receipt, its
recognition is def&rred and induded in creditors as defarred income. Where entttlement occurs
before income is re￿iVed. th6 income is accrued.
1 2.4 Expendfture
Expenditure is ￿¢￿an1$￿ once the￿ is 8 legal or constructive otligation to transfer economic
benefit to a third party, it is probable that a transfer of economic benefits will be required in
settlement and the amount of the oblwJati)n can be measured reliably. Expenditure is classified by
actiwty. The costs of each 8Ctiwty are up of the total of direct costs and shared costs,
induding supt>ort (xysts involved in undertaking each activity. Direct costs attributable to a single
actiwty are allocated directty to that aciivtty. Shar&J costs which contn'bute to more than one activity
and support costs which are not allribulable to a single activity are apportioned between those
a¢tiMties on a basis consistent the use of resources. Central staff costs are allocated on the
basis of tlme spent, and depreciatiw charges alkKated on the poruon of the asset's use.
Expenditure on charitable activities is incurred oll directly undertaking Ihe activibes %thich further the
Charitys objeclives, as well as any assoclaled support costs.
l expendilurg is I￿lUsiVe of Irre￿ble VAT.
2.5 Debtors
Trade arKI other debtors are recognisgd al the settlement amount after any trade discount offered.
Prepa￿ents are valued at the amtsjnt prepaid nel of any trade discounts due.
2.6 Cash at bank and In hand
Cash at bank and in hand includ8s cash and short-tsrm highly liquid invgstmenls wlh a short
maturity of three months or less from the date of acquistlion or opening of the deposit or similar
account.
The Charivs bank account was held under the name of the Asfari Foundation who are acting as
agent ulltil the charity can establish its own accounL
2.7 Llabllltles
Liabilities are recognised when there an otrAvJation at the Balance Sheet date as a result of a past
event. il is probatje that a transfer of e(x)nomic benefit will be required in settlement, and the
amount of the settlement can be estimated reliably.
LiakMlikne$ a￿ re(tsJnised al the amount that Charity antictpates il wÉll pay to settle the debt or the
amount it has receiwj as advanced payrnenls for the gc￿5 or seN￿S it must provide.
Page 13

MADANIYA
IA Company Llmited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Accountlng pollcles (continued)
2.8 Financial instNments
The Charity only holds basic financial instruments as defined in FRS 102. The financial assets and
financial liabilities of the Charity and their measurement bases are as follows..
Debtors - trade and other debtors (including accrued income) are basic financi81 instruments and
are debt instruments measured at amortised C4)St as detailed in Note 10. Prepayrnents are not
rsnancial instruments.
Cash at bank is dassrfied as a basic financid instrument and is measured al la¢e value.
Financid liabilttses - traje creditors. acuuals and other u8ditOfS are financial instruments, and are
measured al amorttsed cost as detsiled in Note 11.
2.9 Penslons
The Charity operates a defined contribution pension scheme and the pension charge represents the
amounts payable bv the Charity lo the fund in respect of the year.
2.10 Fund accountlng
General funds are unrestricted funds are available for use at the discretion of the Trustees in
furtherance of the generd objectives of the Charity and which have not been designated for other
PUfW)ses.
Critical accounting gstimates and aroas of Judgement
Estimates and judgemeiits are continuatiy evaluated and are based on historical experience and other
factors, induding expectations of future events that are betieved to be reasonable under the
circumstances.
Income from granls
Total
funds
9 monlhs
ended
31
December
2022
Unrostrlctsd
funds
Total
funds
31
D•cember
2023
31
D•combor
2023
Grants
568.082
568.082
20,566
Page 14

MADANIYA
IA Company Llmlted by Guarantoe)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OECEMBER 2023
Analysls of expendlture on chafitable activlties - by fund
Un￿t￿Ct¢d
fvnd$
Total
9 months
ended
31
DoGemb@r
Total
31
31
December D￿MbOr
2023
2023
2022
Charitable acliwties
516.120
516,120
20,566
Analysis of expendlture on charttable actfvltSes- by type
Activltle$
undertaken
dlrectly
Support
costs
Totsl
funds
31
December December December
2023
2023
2023
31
31
Charitable acttvit¢es
345.088
171,032
516,120
Activities
undertaken
Support
directly
costs
9 m<￿￿S
9 months
ended
ended
31
31
December December
2022
2022
Total
funds
9 months
ended
31
De¢embei
2022
Charitable actmlies
16,914
3,652
20,566
Page 15

MADANIYA
IA Company Limitod by GuarantO0)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OECEM8ER 2023
Analysis of expendlture on charilable activities- by type (conllnued)
Analysis of support ¢osts
Tot81
lunds
9 months
ended
31
Decembe
2022
Total
funds
31
December
2023
Staff costs
Legal costs
Payroll services
Govemance costs
88nk charges
Website costs
Sundry costs
IT costs
Consultancy
Travel cost5
Insurance
56.316
10.525
900
102
2,520
1.141
44.743
130
6.605
17.930
28,362
636
171.032
3,652
Govemance costs
2023
2022
Independent examiners, ?muneration- cutrent rMicMJ
Independent examiners. i?mufleration - Prior year over accrual
Accountancy fees
19601
2.520
2,520
Page 16

MADANIYA
IA Company Llmlted by Guaranto0)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Staff costs
9 n70nlhs
gnded
31
December
2022
31
December
2023
Wages and salaries
Social security costs
Pension costs
84419
9,263
2,665
15.969
96.347
15,969
The average number of persons employed by the Charity during Ihe year was as foll¢)ws.'
9 monlhs
ended
31
December
2022
31
Decgrnber
2023
Employees
No emp5oyee receNed remunerath)n aMc￿nting to more than £60.000 in either year.
The total amount of employee benefits received by Key Management Personnel was £61.921 (2022 -
£10,253). The Chartty Considefs its Key Management Personnel to comprise..
CEO
Trustees
Trust￿8, remuneration and expen$es
During the year. ￿ Trustees recetved any remunerab.on or other tenefits (2022- £NIL).
During the year ended 31 December 2023. expenses totalling £1.292 were reimburwl or paid direcuy to
2 Trustees (2022- £NIL lo no Trustees). These were in respect of travel costs.
Page 17

MADANIYA
{A Company Lirnited by Guarantoel
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
10.
Debtors: Amounts falling due within one year
2023
2022
Grants rethvable
12,683
12,683
11. Croditors: Amounts falling due wlthln ono y•ar
2023
2022
Trade creditors
Other taxation and sccial Se￿rty
Other credtto
Accnjals and deferred income
60
4,236
5.867
2,520
5.636
12,683
Page 18

MADANIYA
(A Company Limitèd by Guarant••l
NOTES TO THE FINANCIAL STATEMEPItS
FOR THE YEAR ENDED 31 DECEMBER 2023
12. Statement of funds
Stat•ment of funds - currant year
Balancè at
31
December
2023
Income Expendlture
Unro$trld8d funds
Unrestricted funds
$68,082
(516.120)
51,962
ststoment of funds- prlor ygar
Jgalanc8 al
31
December
2022
Income Expenditure
Unr93trided funds
Unrestricted funds
20,566
(20,566)
13.
Analysis of n•t assots bolween funds
Analysis of net assets between funds- currgnt year
Unrn$trScted
funds
2023
Total
funds
2023
Current assets
Creditors due within one year
57.598
15.6361
1,598
(5.636)
Totsl
51.962
51,962
Page 19

MADANIYA
(A Company Llmiled by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
13. Analysi$ of assets bgtwegn funds (continued}
Analysis of net asset5 bgtw8an funds - pilor year
UnTe8tricl8d
funds
2022
Total
fvnds
2022
CL¢rrent assets
12.683
(12,683)
t2,683
(12,683)
Creditors due within one year
Total
14.
Re¢on¢lllatlon of net movement in funds to net Cash flow from operatlng actlvities
9 months
ended
2022
2023
Net income for the year as per Statement ol FinancFal Acltvibes)
51,962
AdJu$tm¢nts for:
Decreasellincreasel in cebtors
(Decreaseifincrease in credttOTS
10
12,683
17,0471
(12,683)
12,683
11
N•t eash provldad by opwating activilios
57.598
15. Anatyslg of cash and eash equlvalents
2023
2022
Cash in hand
57.598
Total cash and ¢ash equivalents
57.598
Pagg 20

MADANIYA
(A Company Llmlled by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
16. Analysls of changes In net dgbt
At31
December
2023
Cash flows
Cash at bank and in hand
57,598
57,598
57.598
57,S98
17. Pen$lon ¢ommltments
The amount recognised as an ex￿nse in the sEar was £2.665 (2022 £NILJ. There were no
contributions payable to the fund at the Balance Sheel date (2022- £NIL).
18. R8lat8d paty transactlons
The Tnjstee, Awnan Asfari is also a Trustee of The Asfari Foundation. During the year. Grants totalling
£477.302 (2022 - £NILJ wa5 made by The Asfari Foundalion io Ihe Charity. As al the year*nd. a total of
£NIL (2022- £NILJ vra5 e)wed lo the Charity.
The Asfari Foundation also agrees to hdd their grants on trust for and lo thè order of Madaniya until a
sultat￿8 bank account has beon Secured lo accept the grant transfer. Accordingly. Madaniya (an direct
the Foundation lo make paylnents to third parbes from the allocatgd grant on its behalf.
Page 21