## **NALI FOUNDATION, Charity number: 1210123**
## **TRUSTEES' ANNUAL REPORT**
The trustee's present their annual report and the financial statements for the year end 31st March 2025
## **Statement of Members' Responsibilities**
Charity law requires the members to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the organisation and of the profit or loss account for that period. In preparing those financial statements, the members are required to:
- select suitable accounting policies and then apply them consistently;
- make judgments and estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless inappropriate to presume that the organisation will continue in business.
The members are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the organisation and taking steps for the prevention and detection of fraud and other irregularities.
## **Principle activities:**
To Advance The Islamic Faith For The Benefit Of The Public In Newcastle In Accordance With The Teaching Of The Holy Quran And The Prophet Muhammad (Peace Be Upon Him) In Particular But Not Exclusively Through The Holding Of Prayer Meetings, Lectures, Public Celebration Of Religious Festivals And Producing And/Or Distributing Literature On The Islamic Faith To Enlighten Others About The Islam Religion.
## **Business review:**
The trustee's aim to further progress the development of the organisation in the following year by expanding activities offered to the local community and also by increasing the type of educational classes made available. The trustee's are actively involved in raising further funding through grant aid and public donations.
## **The results for the period are summarized as follows:**
|**lts for the period are summarized as follows:**||||
|---|---|---|---|
||**2025**|**N/A**||
||**£**|**£**||
|Reserves Brought Forward|£0||£0|
|Surplus / Deficit for the financial year|£202||£0|
By order of the board of members dated: ______________________________
## **Secretary:**
**Farhad Faraji Fathola**
## **ACCOUNTANTS REPORT TO THE MEMBERS OF NALI FOUNDATION**
We have prepared, without carrying out an audit, the accounts for the year ended 31st March 2025 set out on pages 4 to 5.
## **Respective responsibilities of members and reporting accountants**
As described on page 1, the trustee's are responsible for the record keeping and the preparation of the accounts, and they believe that the charity is exempt from an audit under section 43(2) of the Charities Act 1993(the Act), as amended by s.28 of the Charities Act 2006). It is our responsibility as accountants to examine the records and accounts and based on the examination to report our unaudited opinion, as set below, to the members.
## **Basis of opinion**
We conducted our examination in accordance with the appropriate standards for reporting accountants. This examination consisted of comparing accounts with the accounting records kept by the charity and making such limited enquiries of the officers of the Organisation as we considered necessary for the purpose of this report.
The examination was not an audit conducted in accordance with Auditing Standards. Accordingly we do not express an audit opinion on the accounts. Therefore our examination does not provide any assurance that the accounting records and the accounts are free from serious or material misstatement.
## **Opinion**
In our opinion:
(a)
The accounts are in agreement with the accounting records kept by the association under section 43 of the Act as amended. (b) Having regard only to, and on the basis of, the information contained in those accounting records, the accounts have been drawn up in a manner consistent with the accounting requirements specified in section 43(7)(b) of the Act;
- (c) Having regard only to, and on the basis of, information contained in the accounting records kept by the members under section 43(2), the charity satisfied conditions for exemption from an audit of the accounts for the year.
_**Pageline Solutions Accountants Ltd 500 Westgate Road Newcastle upon Tyne, NE4 9BL 0191 226 0615**_
**NALI FOUNDATION, Charity number: 1210123 BALANCE SHEET AS AT 31 MARCH 2025**
**----- Start of picture text -----**
Notes 2025 N/A
£ £ £ £
Fixed Assets
Tangible Assets 5 - -
Current Assets
Bank Account 1 - -
Bank Account 2 - -
Bank Account 3 - -
Cash in Hand 382 -
382 -
Creditors (amounts falling due within one year)
Trade Creditors 180 -
Net Current Assets 202 -
Assets less Liabilities 202 -
Capital and Reserves
- -
Reserves Brought Forward
Surplus / Deficit for the financial year 202 -
Reserves Carried Forward 202 -
**----- End of picture text -----**
The financial statements were approved by the Board of Management on ___________________________________
**)** Farhad Faraji Fathola **)** Position: Chair
**) )**
Barham Rastam Position: Treasurer
The notes on pages 5 to 6 form part of these financial statements.
## **NALI FOUNDATION, Charity number: 1210123 PROFIT AND LOSS ACCOUNT YEAR ENDED 31st MARCH 2025**
|**Unrestricted**
Interest Earned
_Note 2_
**Restricted**
**Unrestricted**
Repairs & maintenance
**Total Expenditure**
**Surplus / Deficit on Ordinary Activities**
Postage & Stationary
Cleaning & Sundries
Donations
Depreciation
Advertising
Security
Heat & Light
Telephones
Entertainment
Water Charges
**Expenditure**
Wages & Social costs
Catering Expenses
Insurances
Accountancy
**Income**
Public Donations|**£**
-
-
-
486
315
180
-
4,800
1,453
12,423
-
-
254
-
**19,911**
-|**2025**
**£**
18,114
-
**18,114**
**-**
**19,911**
**1,798**
**-**|**£**
-
-
-
-
-
-
-
-
-
-
-
-
-
-
**-**
-|**N/A**
**£**
-
-
**-**
**-**
**-**
**-**|
|---|---|---|---|---|
**NALI FOUNDATION, Charity number: 1210123 NOTES TO THE FINANCIAL STATEMENTS**
- **1 Accounting Policies** The following accounting policies have been used in dealing with items which are considered material in relation to the charity's financial statements:
## **(a) Basis of Accounting**
The financial statements have been prepared on a going concern basis on the assumption that the charity continues to receive the support of its bankers and those public sector organisations referred to in the statements. Funding received from public sector organisations is important to continue trading.
## **(b) Depreciation**
Fixed Assets are for the use by the charity in fulfilling its charitable objectives. The assets are subject to depreciation on a straight line basis and considering their economic useful life. The following rates are consistently applied:
|Land and Buildings||n/a|
|---|---|---|
|Fixtures & Fittings|General|10 years|
||Lift|25 years|
|Equipment|General|5 years|
||IT Equipment|3 years|
## **(c) Capital Grant Income**
Grants received towards capital expenditure are released to Profit & Loss Statement on the same basis as depreciation on those assets. If depreciation is not chargeable (property) then any grants are released to Profit & Loss Statement when received.
## **2 Income**
Income represents amounts received by the charity from various organisations and also from donations from the community. Income arises entirely in the UK.
## **3 Profit on ordinary activities**
Profit on ordinary activities is stated after charging the following:
**2025 N/A £ £**
Depreciation of owned assets
0
0
**NALI FOUNDATION, Charity number: 1210123 NOTES TO THE FINANCIAL STATEMENTS**
## **4 Tangible Assets**
|Additions in year
**5**
**1) The value of the assets as per the Balance Sheet is a**
Land & Building
Fixtures & Fittings net book value at 31 March 2025
Equipment (written off)
**Total**
**RESERVES**
Reserves Brought Forward
Net Surplus / Deficit for the year
@ Cost
Depreciation at 1st April 2024
Depreciation charge for year
NBV at 31st March 2025
NBV at 01 April 2024
Total Accumulated Depreciation
Reserves Carried Forward|**Land &**
**Buildings**
**Fixtures &**
**Fittings**
**£**
**£**
-
-
-
-
**-**
**-**
-
-
-
-
**-**
**-**
**-**
**-**
**-**
**-**
**s follows**|**Total**
**£**
-
-
**-**
-
-
**-**
**-**
**-**
**Total**
**£**
0
202
**202**
-
-
-
**-**|
|---|---|---|
- 2) The Bank Balance at 31 March 2025 is as follows