REGIsfERED CHARJTY NUMBTr;R: 8020110 IbeT dited Fi ¢AI Ststemt for the Year Ethdcd JJ A t 2011 for Th KI1 Bemtvokllt F tk)# Scottish Ptovidenl Ho 7640 Colkge Road HartDw HAI IBQ
The Al-Khoei Benevolent Foundation Contents of the Financial Statements for the Year Ended 31 Au st 2023 Pw Reyrt oftht Trwrf¢ Report of th¢ IdepeDdellt Auditor Sttemtxt of FinThtil Artlvitxl io BalxDtt Sheet Ch FIDW Slat¢meDt 12 Nole$ to the Ctsh Flow S¢t¢mtht 13 Notu to tht Finaotil St4¢emeDts Det¥iled Statejllent of Fiwtial AttivitieS 24 kn 25
The Al-Khoei Benevolent Foundation rt of the Trustees ror the Year Ended 31 Au ust 2023 The trusreespre5¢nt the rewt with the fillallcial alettts of the iknity forts ycar¢ndcd 31 AUgt 2023. The have adopted the pmvisions of Atcounting and Reporting by Charities.. Statellnt of Recomttwi&d PMti(% applicbl¢ to chatitits preparing their a¢c4)unts in a¢£ordan with the Finan¢ia] Rep)rting Ststtdard li¢&ble in the UK aDd Republic of Ireland (FRS 1021 {effective I January 20191. OBJECTIVF.S AND AcfllviTIES ObjtctiV¢5 #ITDS The obj'ects ofthe tharity &8 t out wthe ehitys knjstdeed isto w1v8r¢ the 151&mic religion by a]1 or 8tsy ofthc following ran5'. al PTovidillg ajmi maintsinin8 tllosques hd religiow ¢¢ttttes fortr mnhtrIS1Ii¢ ligIOn. bl Twhin8 a[ Edwatiog youllg of th¢ 151amic d¢ (hJctriDCS lA#S of th 151aTDiC reliE1. Strateglts SigAitl¢antArtivities The Charity itl purSUat of its charitabk#itDs and objeeti5 ri8 ¢)aWIde1jgv of xtivities in th¢ foliowitig sect¢)r% a) G¢neral dtable pwses b} Edu¢ation a[ tTainJttg ¢1 The prev¢Dtion or relief of poveEty dl Religioiis activities The ciwity ¢ott¢eutsates its a¢tivitiesaTQUDd ¢hildtenand YO ¥rt0p. el(krly ar¥J oldtwpk aDd &8vRII as gthjerdl public The Charity otThtr5 mosque5 and teli8ioth% ¢enttes at Bmnthsbury wmplex itt North tots¢kn4 Swans¢a aTHI Manchester. lljest $qUeS arc open to the 8eLeral public &8 plate of worsh forth lI0rS of IsJamK faith. ReJi8ious centsts or8aoises v8rious Teligious act]tieS &nd fiujotions ajyj pttsV5(ks iftfomLatLon to raise the aWa[En of the IslttTDi¢ faith. The charity atso OW5 Al.Sadiq sch(1 for Al.Zhrn s] for 8irls atd Al-Gh&deer nurstry for pre scIM)ol age chiltheD. Ail these inststutioos are lic¢lli%d by the OFSTED and follows UK nationa] wticujum. The sch(x)is provide fthll tim¢ education forup to 400 pupils. In additio]4 pw)ils attend classes in IsJtitni¢ thdies aDd ATabi& which take up oround ten [rtage of pupijs titne. GraDtmikiD¥ The Charity administered ¢oll¢Lion and di#nlJutiou of v8rioths dues lthe Khvrns S4daqat tn ac¢otdsn£e with the teachin¥5 ofIslarnic fai¢ The ch8rity ¢olleets gen¢raI d0ttiOnS distritrd in purswce of & Charitys objecti9 education and trninin& Telief of poverty gnd various Telj8M)Iis activities. Voltttht¢erJ We eTh¢ouTage All members of our nywues and centres ¢0 te iuvolval in volvnw xtivities attd to share their skills wth others. Volunteers not p&d any salaries btst only relmbUd reawnable out of CXPtsL%es sKh as t(avel costs. AJI volwLkets woth8 with children or ¢)thff vujnetable gTOUPS are CRB check¢d ACHIETrEMENT AND PERFORMAIYCE How our ctivilie5 delivtr PbIle btDtfit A Nlryde TBng¢ of activities ar¢ ¢atried out iD Pur8K£ of th¢ charitsble Èijrys and obj¥¢$. The trllsttts wn5idcr that tlse athivitie SumSed below. pmvide ifitt0 the community. Page I
The Al-Khoei Benevolent Foundation ort of the Trnstees for the Year Ended 31 Au ust 2023 ACHtEVEMEWf AND PERFORMANCE Religious a¢tiviti¢g OUT tno$ques are on for pAyer4 wvrshjp Illd forthe a¢livits¢5 &wiatrd owflith. The (tntrcsart OWL forth¢ wryder publi¢. Durtng the )¢8r uttthr TeTriew, offer arw of11810us s¢rvitts and xtivihcs ioclvding: PrAye Our mosques aye availabk daily for prayers to the yrtr8] publi¢ of lslmi¢ faitrL We hTrt of Feop]e attending ow rs4ut foT pray¢r5. F¢stiYats The Mosque8 celebrate Rkmxdan and ser4r food for gtt¢rMIiDk MO45 wish to diT f&8t iogeth¢r. We also hold special evellls and serv¢ food during the 15LaJnic MInL%0f MuhaTTrW sa on the anxual wmmawr8tion of the martyrdotn of Imam Hu55ei]4 the w(tson tsf Prophet IPBUH Th¢ M05que$ eeltbratr the birth attd llJtyrdoEfLof all of sh 15bDaAshari faith during the ye4r. Wt hold w%kly gBtheriti8 in th¢ rnosqu&% for w)rthip) pAyers IlIa]D0r4ypIita1iO[Is cw Thursday evcniijg. Civil marriage5 The Mosques provide M1]npIeS [b pptt)priatr katK>Th knrtheircil 8lld N&kah Us]attLi¢ mAEYi¥I. Memorisation and recitation ofthe Qwan e consithd ekmeDts of TrjiEioS edu]00 aDd tsaittin8. We wLtinue to provide this facility for youttgpeople in the mosqut. Inter-faith tvthts We ¢n¢ourage and lead by example the of nalioDal symb)li¢ o¢usions like RemembMr£ Sunday. We often hold public fflanifrststiott of OUT faith e.E. st1 to CQmTueEtLoratr itrtaitt events su¢h as thc fortieth day after the mas5&CTe at K8rbala IATben) or Good Friday prottssI artd thus aTC a signifitsnt oprtUnItytO build btidges ttwe¢n diffaent faiths by communicating tht philosophy 8nd principles thy ut Religlou$ due5 It is part of OUT faith that StK)uld offer Zak¥L Khull4 alld Sadw llw are u)l]e¢ted in the trxhing of Isjasn )d disttibuted for a numberof wific PUTFW5 illcludlljgto help otlv5 and to fittthcrth¢ r¢xhiDXS oflsimL Page 2
The Al_Kboei Benevolent Foundation ort of the Trustees for the Year Ended 31 Au ust 2023 ACHtEVEMENf AND PERFORMANCE Comm¥nity activiti AI-SAdiq and Al-ZahrA Scknol Well establiskd schoo15 that provide prirn tn a rllixtrj scthng up to Year 2 aDd singk sex education form Year 3 to Ye8r I l. They are sitU2ted in the uTban district of RroJJdeslMJry tn the Boro of Brni and pThde full.timc education for up to 400 pw)il5. The schools ale founded ots the Qur8ll th¢ teathinK5 of tk Prophet Mohamrrrtd aDd his Progeny. Through tixining in the art of buildin8 strong community relati0t1pS 8Dd takjng effe¢¢ive pub]i¢ the s(knL8 given pupi]sth2 wnfidejxce to parti¢ipa ijj publi¢ ]ife for th¢ good oftheir coMmltieS. The School Nursery a]so offers bursaTtes aYMI disCOUDtoJJ fees for families Ire not abk th 8fford to pay the fijll fEe5 FVided that th2 child demonstr&tss vgoOd a¢adwni¢ hithry. The thl feu is Riup in a way to exclude tho OD loMEr in¢onJe. Al.Gk4dttr Nuryery We Strive to support alld provid¢ children with the 5ki115 lo beip eab thyelop a gwd fouDdation in learning and exwessittgthetn5¢1ves thyougb py. This in turn ¢hildren to X4YiTC ÈodylldeD, coofkn and ¢fftaive cottllnunicatio Hills ftnd rooms Ourhalls attd tPQm5 are availbieto use by I( ttow oryaDiWtw aThJ commllttities. Prlsoll genxte The chariiy is a tlletllber ofthe pri4)L Tri(¥ cbaplaiticy co¢1] th50ry Tole for Shill Mwlim wix)lleTS in HM PtiWll5. It at80 TmInateS sessiolllll Bnd part tie Shia chaplains to the pri>) service to dy]aincy setVilY5 a]ready oifetzd to Muslim pri)neTS. Youth A¢tlvlties The Charity offers facilities for yOth to gather involve iti edutthtion and sp)rts &rtivities atwj kn develop the youth to b2 ¥tivc alld law abld1ngmethl ofthe wtimnutiity. Womt Wotnen atLd family progr•j ai mosoue5 offtr lvitc aud Cou1]1¥ for wupks alld e)Hing tll 50ci¢ty offering th¢t)) educational snd SE facilities. The Charity rtu]s arl ¥ademi¢ aml to dea] rearch on the Shi& sx)t[nrtY 8lld other religious collJtrLUDiti¢s and rnises the ¢ollrn$ of reltgious aT ethtsi¢ minoritie5 4t differettt frjnuj The Charity 15 a b¢r ofFaith Fon]m for Ind011 ry)nlnThutes b) th¢ w1$Mm alld thE 50f faith l¥J[Uiti¢s in LonthJD. The Charity ig a member of the Reli8ious Educ Courycil 4Dd is itty01d in the deVelOpth of religio5 edu¢thlion GUlCUlUrn and tJke8 part in ttvittes aDd trkb¥8tiOtL% of oth¢r faiths aRd TEgularly holdsti)thmurrity events a]Ml of foo¢ Iftar. MINAB Th¢ Chariiy Is one of the fouJ)ding Hnber and ho th¢ offi<ts of Mosq5 atsd tmaTDS NatioDa] Advi9)ry Board oll it Preinises. MtNAB aims to rllise slAndards in tllO4ues and tsaining of ImatL Ctntre forAcad¢mit Sbia Studi The ami¢ 8Ttn of MtNAB (Ca55) resrth on Shia alld r¢ll8lo mirwity aff Produ5 paFers and brtefing documen Page 3
The Al-Khoei Benevolent Foundation rt of the Trustees or the Year Ended 31 Au ust 2023 FINANCIAL REVIEW Principal furtdiDg sourtQ5 One of the Chatitys main xturccs of ItOt ts the o)Ilection of ¢kntiow and lioU$ ths ffom gera pubJi¢. During the year the Ch3Tity tiV¢d total dotvdtiorts and rcligious duts of £712.98512022.. £5842441 Reasonable fees 8Ye chty to 5t)thts fot th¢ 8¢IxA) thc rnthe Ckntty totsl iticome of£l,557,815 (2022.. £1.567,2411. The fowidtitiott akn OFm1¢5 R fee payiti8 nw5ery. Dwillg the yetr. th¢ Cbty generated kbtsl nursay fee income of £137273 (2022.. £129,333). The Charity i5 involved in DFJD res¢aTcIL Ptoje¢t Traded by Illstttirte of Development Str1¢ Dwing tr year. the cIlty 8entTattd totEI DFID 8fAnt ittcom¢ of £21,86512022.. £2lJ.522). The prniect yJed in LkG¢th 2022. Inv¢stmtDt poli¢y Rd objectivts The Ciwtgs c&th teserve5 heid in CUTTht aud savtttg E•nk acwuttt Atty irtteTe# e8 is athjed to tr& gerLeraJ fund resetve and used for th¢ geneTxI dlIable purwbscs Res¢rv¢5 policy Unr¢strictsd futtds reserve is maintxined to governatL¢e ¢0stsd to Vario 8ppli¢ation of gr8JJts and donation& Restricted fund reserve aTeheld to be withill Certain Yestri¢bons ofthe rtiewt fiJnd5. Endowrynent fuLd reserve represents the Lotsi ¢0 ofi%rthitt PT0]rt afkn annujl dcprttlioll ch. In sctting up the ChttTity ree policy? the ttustees bav¢ i(kntified twyp uJ)rtsrriad fijnds detsiled in (he n0tr5. Th2 rEr1¢tl fijllth e distributed strictly trt xcordan(t Hryth the rBIi8KJus r&$trI10n$0T0thtr Testsictions imp)xd on the relevattt fimd. They have also set up an Eodowmt fund forL%rtsKtt ptopertiesowned by the Clwtty. The charity Ex)li¢y on unrt5thd fijllds is to hold UDre5trl ful$ Yw)t wmmittd or inTKAyJ ill Tgibl¢ Fixed to tneet 3 to 6 rnonth5 eXPtndithr¢s. The cumt fuTh]s of £3,662.9)6 notcommitMI to tawble fjxeda55¢ts aR suffi¢ierLt to ¢over3 to 6 t[nth$eXpeI1fure. STRUCTURF.. GOVERNANCE AliD MANAGF.MeNT Governillg dotum¢nt The Al.Khoei Benevolent Foundation constitukd as a ch•rJtsble trust with ts Chanty Comwissiott on 23 Au8USt 1989 tbe Clty number 0802000. It is gov¢rn¢d by adA of1ru d8t¢d 15 1989. R¢crnitment and ppointrn¢nt of D¢lY tTurfttS Tnthts 8t¢ kppoitited by Rsolution of ts existitt8 lilte& The charity trust¢¢S 8Te teSFx)n5lb for tk gen LY)ntrol maQt of tr ¢harity.The mwee$ give their time freely and receive tto ¥emuneratioll orotheT finaJ)ciai benefits. The tntee5 t[t tO8eikn as & body 8Dd ate re5poD$ibk for all decisioos taken in It¢00 to the affair5 of The Al-bthoei FouDdKtion in the Ullitcd KLll8donL Th¢ knard is chairtd by Secretary Clleral. ith is one of the trllSI££ The trust£e5 seek SPiTitua] guid¢¢ aThJ iDspitxtitin in religious Tn8tkns from the Co]Millee and the PT¢sident in Trrwition of their tejigious status. Tbey tlletElv ell&)tse religious malters and t ts)t involved llj daily TrIng of th¢ thsrity. They do ttot have any influence Over the tr. The CeThtrBi Committee is arl honorJry comiti baxd in the holy city ofN8iaC l The president is an HonDrary title 8iVtn to AyatollalL of the Shia faith is dso bd in NaJa( JN. Page 4
The Al_Khoei Benevolent Founda¢Aon rt of the Trnst for the Year Ended 31 Au ust 2023 STRUCTURE. GOVERNANCE AND MANACEMEf4T Indu¢tloi and training of trustttS Foll(kwtJ8 apwintmenL Lew treS illtr0di to theu new rt>k and si Ixyie5 of tk trust &e414nd a guide to the rrt)li¢ies alld prn¢edures thpted by our Ghan"ty. A number ofpublieatiolls from the Cbsrity Commission alc a]so pmvided including the guidance on charities snd public lfit and on the &dvant%oxnt of r¢ligio¢k for public kDefiL This ensures that tW tnL%ees 874we of ihe ef their rsp)nsibilities under the CIlitieS ACL I]Jitially. ijew Inistees w)rk Hith existi tnL4e¢s assisting on particulaJ activities and projects by the CIlty. After s8tisfartory feed b2¢k from exi&m8 they ate thell giNtn tbe task of lelitig & wticular activity or proje¢( Tep)rtiug pro8ress a¢ oiisttrs, Irei RF,FERENCE AND ADMINisfRATIVE DETAILS Rtgi4tered Tharity Dumb¢r 8020(X) PrIlle11 address Chcvening Road LondoQ NW6 61N Try8tee8 Mr S S Khoei Mr S F H Mi18JJi Mr S M H Faghih¢-Mouwvi Auditors Mereli'5 Chartered A¢¢ouJJtallts & Ststutory Audit S¢ottish Provid¢nt House 76-80 College Ktsad MiddleseK HAI IBQ STATEMEYI r OF TRUSTEES, REsPoNSlL[[lEs The trusttes 2Te r¢sponsible for preparing the Rewrt of th¢ TTUStees 8ttd the fin3ncia] Stateme in a¢0)rd8] wtth applicable law and United Kingdom Accounting Stslldatds IUnit¢d King¢kni GeneTS]ty Ac(ttAed Accounting Prttl. The law plicable to ch¥Tiiies itt EDglawl and W8 thE Charitits A¢t 2011. (knity {AccouDts and R¢wJtts) Re8ul8tw 2008 8lld the Provisions of The trust deed r¢quitts tnL5tees to prepaje ffflanci31 for each fmattci8J )rBr which give a true 8t fair vlew of $tste of affairs of th¢ ¢haTity and of the Ineorniug llr¢X$ and appI]t)n of Ye9)U¢4 irlcluding the income and exFtnditure. of the ¢harity for that riod. In PTep8rin8 those fm8n¢ial the tru#ees ale ts4uiRd select suitsbl¢ ac¢ounting p)li¢ies and then apply them CO$1¥11y. obseTve the ]]Jethods 8rtd rxiDciplos in the (knity SORP: make judgeTnents and ¢stim2tes that are reasonab]e and prudent; stste whetber applicable a)unting stsDdatds have beeD folloMtLi Subject to any materiat tyrnues disclosed and explaiti in the rjnancial statem¢n prepare the fi[w)al Statem on going b$ unkss it is tDapyowM to thai the tharity will LX)JJtitiue in busincss. Th¢ trustees ste rwllsibk for kttpujg ptoper xuJuDtinK rdS disd05¢ with a¢cura¢y at any tiTDe th¢ finartcial sition of the charity and w enable theJD to ¢nswe that the finaDcia) sts(emertts cotDply with the Charities Ath 2011, the Cknty (A¢Uts and Rcpojts) Regulations 2(X)8 8]>d the provisions of the dee(L Th¢y&r al responblc foi safeguardiDg th¢ assets of th¢ ¢h8rity and hence fortsktng re)&b]e 51Eps for th¢ prcvelltmm and dc¢tion of fra1 and illegul4rities. Page 5
' Benevolent Foundation ort of theT ear Ended 31 Au fort ust ApProa by w&r ofthc E•ard Of1r ryj 27Jwx 2024 ayxl sIj bchtfby: Mr S S Khtti- Tftts*e Page 6
rt of the Inde ndent Auditors to the Trustees of The Al-Khoei BeBevolent Foundation Opittio We have audited the fitwjcial SEatements of The Al-Kh Betsevoleni (the'chatiirf) forthe year ended 31 August 2023 which COTnprise the siatellnt of Fin8n¢iaJ AciiYitie& the Bal¥¢¢ SheeL the C&%h Flow Statrtrnt a]Jd nots io the financial ststements. including a SUttLW of signifi¢8ut OUntL8 pDlici¢& Th¢ financiaj r¢poty that hss I1 applied in d)eir PTrparafLon is applicable law United KuJ8dom Actoulllln8 Stalldards (UnÈted KiDg(k)m G81]Y Ac(Wed ALtirg PtsctiLEI. In our opinion the fmanc1 slatetllents.. give a true and fair view of the state of the chl$ affairs % at 31 2023 and of ts Ill1ng resourLr5 and application of Tesour¢es. for the yearthert e]Mied. ve b¢¢n prOrIY pteF4red in #cLrd8n¢t with Unit¢d Kid0 GeDer8llyAcL Accounting Prxticc,. aryd ha bE¢u prepated acLX)rdaDce with the of th¢ c1"tieS A£t 2011. Basis for opillio Wc ¢onducted our audit in ackn with Internati Stsndatd5 on A1118 (UK) IISAS (UKII 8twJ applithle law. resposibiliti¢s under those standards are fijrtlv ths(nlJed irl the Auditorg Teswnsibiliiies forthe audit of th¢ financial 5tatunents Section of our report. We are irldepettdent of the chlty B(wrda]]ce with thc ethi¢41 tequirewits that are ]ev9tt0 our audit of the financial ststetnents in the UL inclu(fing the FRC5 Ethic41 Standsrt alld hav¢ fulfilled our Ot ethical resp)nsibilitie5 in ac¢ordan¢e with these requiremen We believ¢ that the aujii ¢widett£e VK haveobttititd issufflcietii atsl ¥growi to provi(k a b&8is forouropiniott. ContlusioD$ r¢Y¥tiDg to going ¢on¢tM In auditing the fin2n¢ial ststemell Me ILave that Ik trws' of the 8oiDg ronrtrn bas of ac£ountitig i]J the prep8Ation ofthe financi te1lts is appfopTi. Based on th¢ w)rk we h4vc perfonlle& wr have J)ot identified gny ]tiTia] ullcerthinties relattDg to ev¢nts or condition5 tha¢ individually or ¢ollt¢tively¥ may c sigllifi(¥nt doubt on the djatitys abiliry to as a going t4)[¢M for a rIOd of at Je&qt twtlve montbs frotn whell the fmancia] arc autboriEed for i%8ue. Our restthisibilities and the reswllsiThilities of the tnjths with to goi% ¢OllLrrll ate in relcyant sections of thL5 Otker iDforwtioD The IrtL¥tee5 aT¢ respoJJsible for the other ][thElltiOti. Tr ort infOrnl the infortnation iticluded in Atynuai Repo oth¢rthen the fiTwi¢ia] statemthts alld our Rert of the JndeFtht AlIfOr$ tFreo]L Our opinion on financial slatcmcnts not cover the other ioforwkn except to th¢ ¢x(tut ¢xpli¢itly Stated in our TeForL do rx)t expr any fomi of sUr81e &)nctusion thetEon. In co]Jnection with OUT S]thit of the fitwicia] ow res]11 >li ity is to tead the other information in dotng , consider wherher the other informatM>ll i5 tDaterially in¢onsisteN with the fJnan¢i81 stkrnen¢ or our knowledg¢ oiainEd in th¢ audit or oth¢Thvise appeS te thatrriaity mis5tatd If i¢kntify such marial inconsisteDcies or apparent rnal Tlli&wements. Me STr r¢quired to d¢t¢rniine whedKr this gtvts tis¢ to a m•trrial io the fiDanua] st8temthts ttKmselvek l( based OJJ the work w¢ have perfonFJ¢¢L we LY>ttclu(k that the is a Trthkai Mjsststet of this other iDfonnatioffj Mt required to that fact. We have nothing to rep)rt in this tegar(L Mller4 which we rtqvired to retAbrt by tsceptio We hav¢ nothing to r¢rK)rt in re5ped of thc following matters Chities {Atth]Dts4Dd Retx)rts) Reguiatiott$ 2008 r¢quires us to teport to you if, in OUT opinion". the fOrMatiOn given in the Rewrt ofd TnL#ets is incotisistellt irl arAy te5peiX with the funcial 51th1.. or sutYici¢ni a¢tounling Tecords have tt FKert kepL or tk fJogn¢iai stateTnents grt not in agteewt with Ihe xwvntill8 rtord5 Tetiwti& or have noi te]ved all the infornwtoti TKI expknnationslsr rrquire for0uralll R£spoDsibilitks of trnste As explAined more fjjlly in thc Statets)ent of Tnth. Rtsrthsibilitw the trutrs Bre rewtlthble for the PTeparknon of the fujanciai 51atements which give atjije and fair vi¢w. and for such tntrrn ¢onttDI ¥ the ¢rustees dtrne is neLY5Sary to enable the prewatitin of f3¢1 stait]nEnts are ftee frotll Mtrial mis&a ¥whetkn to frwjd ortt. In pt¢paring the fJnan¢iai statetr£ot& trustees are ressIble for the charitys llbilty to contrjue 8$ 8 going conc¢m, disck)ging, app1]b]e. matter5 Teld w going ron¢ern and using tk goiJ)g coD(xrn basis of accountiftg eitkr intsnd to liquid*e the tharity orto ¢e4se orhave lLtsC alternative but to th $0. Page 7
ort of the IDd endent Auditors to tbe Trnstee5 of The Al-lthoei Benevolent FouDdatioD Our responsibilities for the audit of iht IlJncl ststtMety¢s We have been app)inted auditors undcr 144 of the Cknities A¢t 2011 Hnd irL xwr(lante with the Art aDd relevant Fegulations mth or havingeffect the1llr. (hr objectives arc to ol)tsitt re&sonabie &swrnit£ at&ut the fioatt¢ial state[[kts & thok are fiee m&eri8J misstxtemettl hether due to fraud or ertor, attd 10 issu¢ & R4rt of the Ind¢FDdettt AlitOrs that intluths our opinion. Rellab]e asswance is a high level of &$5uranK but is not e guarantee that all audit coDdu¢d iti accoTdall¢e with ISAS (UK) will alMyS d¢t¢ct a JDateria] Mi[ternent Ivhen it exis Mlsstatets can arise from frnud or ertor and att ¢onsi(kred mthfi8] indtviduaity or in the #ggreg8tr. they could ieasonably be exrKcd to influentt the e¢ortomi¢ dlsof usets tsktnon the bas of these finarteial atcments. The exkntto which oUrpTw¢dusart UFobkof (ktclxttig Irregu iu¢ludtog frawl i5detiled E¢iow. We iderltify st &wss th¢ risks of Tnatr¥id n]is5tatt of the FItsan¢1 Sthmenty whether fiaud or error, aDd thets destgn and p¢rfonn &udit proc¢duT¢S rewnsive to those iticludiD8 obtsirLtD8 audii evithn that is suffi¢Ktit and appropriats to pmvith a basi$ for OUT opinion. Idtthtlfying aDd assessing potential risk% rehted to irr¢yl2ritits In identifying and Lssesgillg risks of tllaterial mis5tatetrt illc1ud1r fraL¥J ThTru-complian¢¢ with Jttws 8]Jd regul2tion4 ourpTo¢¢duTes included thc following: . enqwring of nwwcnKut aDd trustees in¢lwJ]ng olAttitsg and reviewKD8 SUPF•niDg d(xuMtiOn tonrnIng thE p)li¢ies 8nd pmcedures relating lo". - id¢ntifyin& evaluating and coojplying jaws attd rtgul8tions and w4Letherthey aw&re of any itsSfattcc5 of non-¢ompli8n - detecting and respondt0 the risks of fraud and wbtther th¢y have knowkdge of any suyctsd or alleged fraud: . the internal ¢ontroL% established to mitigAte risk8 relatylto fraudor llots-compliantt with laws and regulats)n5,' due to frwj indicators of fraud. . obtsinillg an undeTandÉng of thc kgal and gulatOry ft8the th the cknity owates ll4 fOt8 on those JAwa and regulations that had a diTe¢t ¢ffe on the fillcial statemts or that had a fimdamentsi effect on th¢ ¢JF¢ratiolls of the ¢bity. Ihe key laws afid regulations consideted irt th15 ftlext i[uded the Cbami¢5 Act 2011 knd CharitKs SORP IFRS 102). Audit reyp•nst to rbks identifitd As a result of f0mLig th¢ atrrt)v¢, we iderttifd managettt oTrErrtde of ntrol4 Tel7 inChlg OLxUrr 8lld ciassifJ¢ation of th)tHtiOn and h0o1 incomE aud the o¢uJrM¢e and citssification ofdotwion plyments key audit matters. Our pro¢eduTestO TeSVDJMi to risks Identi inclutsl the folloWiE- . Trl addressing the risk of fraud through ovwide of te5tiDg the appmprlatresS of jOUTnal entries and other adjvsknents: a$8es5llw ether the jud8emeDts mwje llj tllaking aceouhiing ¢sti[[S aTe diCatIve of A tential bi&8,' and ev81uatisJg the ¢harily's T&iona]¢ of any si)ificant traLIW1Lon$ that ate oroutsith the tKkrnJai ¢OUTse of b571)e&S - Substantive te51iDg on donation income w$tOI itico. - Sub5tantiv¢ I¢tn8 on dot&ion Plnents w e[ su¢h payn%nts ate prOty 8uthorise4 p irl accordanee purpD5E and conditions of grants Ino misappliclon of restricted fvnd5X paytDents are within th¢ objective5 of thc th$ty and accurdte alle¢aiion across A further dcscription of our ]Ysponsibilrti¢5 for the audit of th¢ finxttiai StaDts is l(tsted o# the Firw)cial Rertill8 Council'5 tbsite ai M¥w.frc.0uklaUdt¢orSresp)nslbI1Itie This &scription fonJL8 Part of ow Rc>rtof the IndeF¢ndent Audttors. Page 8
ort of the ID The nden undati Use of•r ryrt This TEPUrt is made wjety to cbpn.tyg a8 ¥ body. in •¢¢OTthn with Part 4 rf th¢ aJ•itic5 IAc¢ollnts and R¢wts) R¢gulAlion% 2fWd. audii WOTk h45 len undtnth so th91 we mtght lIe to the chantys trust¢tt ih05e m•tttts w¢ r¢quired 10 state 10 them in an •IllOr¥ rw aml uher pwpKw. To the exteni rmilled ty Taw, we do accept or assume responsi."ty to anyc•Y othts tkni the ¢lwnty *yJ th¢ cknrity4 ITuts as 8 bjdy. ftr athi for this reporL OT for the OPiDions vh&v¢ fd. Cha &ott 76-80 ntsnts & Sthmiory AuditOT5 Ident Hou e8¢ Road Middlesex HAI IBQ 28 June 2024 Page 9
The Ai-Khoei Benevolent Foundation StatemeDt of Financial Activities for the Year Ended 31 Au U8t 2023 21llJ Totsl funds 2•22 Total funds Unrestricted Restricted Endowment funds funds fund INCOME Af4D ENDOWMENrs FROM Donations and kgaci¢5 417.845 295.140 712.985 584244 Cbaritabk *¢tiYitiu S¢bools operations Nurstry Op¢wi08 1557.815 137273 1357.815 137273 21,865 1,567,241 129.333 213.522 DFID 21,865 Othvr incon .268.512 Total 1111933 317.(rt)5 1429,938 3.761852 EXPED[TURE ON Charitsblt t¥Will¢S Schools operation5 Grants and Donations Supwrt costs Nut&Ery Operations 1.626.342 343.567 349.626 103.137 1.626J42 584.095 3W.230 103,137 6,557 .442,601 534.986 343.750 99.765 214.500 240.528 3,991 36,613 DFID 6.557 Totsl 2.421672 251.076 36,613 1710,361 1635.602 NET JNCOMFJ(EXPENDtntllE) (309.739) 65.Y29 (36.613) 1280.4231 .127250 RECONCILIATION OF FUPIDS Total fvnd5 brought fonvard 3.986336 66.717 6.087.002 10,140.655 9.OI3.405 TOTAL FUD4DS CARRIED FORWARD 3,676.597 131646 6.050.989 9.860.232 10,140.655 The notes forn] part of these financial Statements Page 10
t Foundatt 20 Total funds 2022 Total funds Unrestricted Restricted Endowment funds funds fund Tangiblc asÉ¢ts 13.691 OXb.989 6.064.680 6.111790 CURREF4T ETs 12 187.752 3,822292 187,752 3.989.594 240.824 4.285,452 Cath at bAnk and in hztml 16?J02 4.010.( 167J02 4,177J46 4526276 CREDTfoRS Amount5 fallin2 duewithin onc)rar 13 (347.138) (34.656) (381.7941 I4411> NET CURREKf ASSETS 31026 131646 3.795,552 4.027.865 TOTAL ASSM LL8S 3.676J97 131646 9,860232 10.140.655 NET ASSETS 3.676597 132.646 6.050989 9,%60232 10.140.655 Fuf¥DS Utwethicied fim Re5tricfed fim 14 3,676597 132,646 6.050.989 3.986.336 66.717 6.087,602 TOTAL FUNDS 9.860232 IQ.140,655 Tr swenKnts aM%otrtd by of TnJses aNI authrisel ftr iÉ5LK on 27 2024 wete sigtd on its be[r by.. Mr S S Khoei- Tn] The notes forn] part of these financial statements Pagell
The Al-Kboei Benevoleut Foundation Casb Flow Statement for the Year F.nded 31 Au ust 2023 2023 2022 Nota Casll Ilows from opertin8 a¢tivitits Cash generated from OF¢rgtW5 1293,953} (61205) Net ¢th us&J in op¢rdtiDg &ti¥iti&8 1293,953) (62.205) Ca5b flows from investing atthitsts Purchase of tangible fjxed assets Sale of tan8ible fLK¢d 8s%ts (1.9051 13.4291 2,893.499 Net c&sh {a inypmid¢d by iDve5tiLg #tivitics (1.905) 2,890,070 Chattg¢ in ¢g$h 2nd ¢qtyivleots in the reporting period Ch and tsh equivil¢Dts ( tbt of the reporting ptriod (295.858) 1827.865 4285.452 ,457,587 Cgsh and equivts at the tttd of the rtporling P¢Tiod 3,989.594 4285.452 The notes form part of these financial statements Page 12
The Al-Khoei Benevolent Foundation Notes to the Cash Flow Statement for the Year Ended 31 Au ust 2023 RECONCILIATION OF NET {ExPENDvREYll1lCOMKTO IYEf CASH FLOW FROM OPEIL4TING ACTtVITIES 2023 2022 Nct1¢5pdlfurc1tOffje for the ryortill¥ period ls per tht SlttThtnt of FlnaDti•I AetiiYti¢s) AdjUstents for: DepCtatIon ch8r8 Profit on diwsaI of rtxed a8sets DecrlIn¢[I in debr8 {Decre&se)lineT¢ase itt creditors (280.4231 1,127.250 50,015 53.451 11260,4821 (26,6121 44.188 53,072 (116.617) Net fash tystd ID opet#tiQn5 (293.9531 162,205) ANALYSIS Ob CHANGES IN FUNIAS At 119r22 Cash fl07Y At 3118123 et t*sb Cath 2tbank attd ill h8nd 4285,452 1295,8581 3.989394 4.28S.452 {295,858) 3.989.594 Totxl 4.285.452 (295.8581 3.989.594 The notes fomi part of these finan¢ia] statements Page 13
The Al-Khoei Benevolent Foundation
Notes to the Financial Statements
for the Yr Ended 31 Au
ust 2023
ACCOUNTING POLICIES
B&siy ofprtparing the finatttitil $lt¢ments
The financial statements of the ¢lLknity, thieh i5 a pub]ic t¢fft entity FRS 102. blve bn PTepwed to xcordatLce with
the Charities SORP (FRS 102) Acroutiting and by Cbariues.. sts[nI of RcrA)tDmBDdd Pra¢tic¢ applicable to
¢h8rities PTepÈriDg their a(wunts ill a¢uTrrd8nce with the Fi]ncia] Reykrting Standard 8ppli¢able iti UK liepublic of
Ireland frRS 1021 l¢fftcttve ) January 2019),. F[[¢181 Retming Staudd 102 Tr Financial lieportin8 standa applicable
the UK gmd Republic of IJelaad 2nd the ch8[it Acl 2011. Th¢ fiTl9] ttnts hav¢ k¢n preped under the histoTi¢a]
cost Ctsnvelltion.
All income is Tecognised itt the st)ItmE of Fitiaocia] A¢tiirytsts otte the Charity knentitknxllt to fwid it i8 probabl¢ tb8t
the itt¢ome will be Te¢eived and the arnOuntc b¢ mcaswed teliabty.
Exptttdltllre
Liabilitie5 aTe ytwised a5 expcndittW¢ as Ls there is a Jegal OE ¢OrtsinictiY¢ obiigatsort wmmitting the ¢hriiy ¢0 that
¢XPEndituo It is probable that atransferofeu)uotni¢ trnefits Mryll be tequired 5ettleJnEnt and the amount of the obligation
be rneaswed reliably. Exp¢nditur£ is acGOUtrt¢d for on an ll[S b&sis and hos bEeD c110¢d under headsngs that a88regate all
co# related to the category. wtse thsts Cannot diTethly atttibu¢ed io p8rticu]ar laditi8s thcy have beth ailocat¢d to activities
on a basis COJkSiStent with ts us¢ of resources.
expenditUT¢.
Charitable a¢tiviti
ChItsbIe activitie$ ¢ost cornpIise5 all th owingexpeLw Sjr its charitsbk aLivitits IiTre ScJJ(KIL Nurw, DFID gjjd g¢ner21
diBbuTSernertts of grants and (kmafw)n
DFtD is aTescaTch pmje¢t 1¢ Al.Khoci is eug4ed in by ID&iiui¢ of Developtsl SDJdke5kn gatber i1jforll a1 out
yeCh w)rk oll $hia m%1)) minoritiES in v8ri(Js countries aroulldthe
Allotatloll and apportionment of to¥ts
Support ¢ost include thinistAtKve (J)St relatrs to the foullda1 alld hav¢ b¢¢D 41k)Ld to a¢ttvity ry)st
The Al-Khoei Benevolent Foundation Iyotes to tbe Financial Statements - eontinued ror the Year F.nded 31 Au ust 2023 ACC01Tr4TINC POLICIL8- Fund attollDting ResTri¢ted fi]nds att which are to ID accotdw with spttific restrict% TmFoJ bythe (k>noT& Restri¢ti¢)n5 18¢ Endownettt fund r¢pr¢sellts the prop¢TtX5 held by the thuity and th1110n teJatsD8 to ts ptOF¢rty eharE¢d against thc Dd. For¢igll turrellcies Assets and liabilities in ¢uThenci¥ art tr8llsl SrltDg or the of cxchao8e rnlrng at thc battL 5he¢t dale. TronsactioDS in fo18 ¢UTretLcies Aye ttsnslated into steritn8 the tate of exchw ruling at the dth of Exchg4e differe]Kes ¢ takm ittio accouni in arrtving at th¢ 0ting resu]L Gov¢rn]MeDt grants Grants are a¢count¢d for under the x¢rua15 ttK>del r¢Mi]u by FRS 102. Grsnts of revenu¢ nature att recogDi5cd in the Statement of Financial ActivttÈes in the sattE wiod Is th¢ T¢]8ted exFnth"lur& Any acc ¢l¢meThts of grants is iticluded iD Goikn8 tonceT Trusrees believe that the djtiritys fm&)¢iat ststem¢nts slM>uld k pt¢pa¥ed on a goiog u)tt£ern b85is ott the RrowJd5 that u]nrDt and future of funduJ8 or sllprM>rt will b2 more thatt a(kquate for the cbarrtfs tth. TnJst¢c$ have consid¢JEd the ope¥gtiona] attd fiuan¢ia] fa¢tyts for aFtric#Jof tRrtv¢ fro]nthe datcof 4)pvvaJ ofthe fi]Jallt4aJ stateme1. DONATIONS AND LEGACIES 2023 2022 DooatiOn5 Jnd Rel]8K) dues Gift aid 694.871 18,114 564.560 19,684 712,985 584,244 INCOME FROM CHARITAB[& ACTIVMES 2023 2022 Sch[ & Nursery Fee sCh]s operations sch)[ Other Income sch15 Oall0S SchLK)l & Nursery Fee Is)cotr NurscryOtTrt Gtant- DFID DFID 1.452,783 105,032 137273 21.865 1.484.102 83,139 129.333 213.522 .716.953 1.910.096 Page 15 continued...
The Al-kTroei Benevolent Foundatio Notes to the Financial Statements - continu¢d for the Year Ended 31 Au us¢ 2023 CHARTTABLE ACtivtTIL8 COSTS Grant ding of activities (see Dote SUprt ¢osts (see note 6) Direct 5) TotaLs h)ol$otmtions OrBllts and Donati4)D5 SupJh)n ¢0515 Nursery oalLOr DFID 1,626.342 1,626.342 584.095 390,230 103.137 6.557 584. 110.130 103.137 6.557 280,100 1.846.166 584.095 280,1 2,710.361 GRANTS PAYABLE 2023 2022 Grallt5 8ttd IX)natiODS 584,095 534,986 The totsl 8Tants to ittIosdlln8th¢ ywwEre £557,41612022. £19(696) SiiPPORT COSTS Management Finance Other Totals Supporttosts 233.916 1.892 44.292 280.IIK> Supp)rt COSL% incbjded inthe th)ve. ore as folkbw MaJL4gt]nent 2023 Support costs 2022 Total activities Wages & salories. Foundati Rates watet Light and heat Ttl¢phon¢ PostaEe attd siation¢ry Tyav¢lling SundTies Actouniancy fee$ Publication expe Repairs & M8irtknL¥ Subscriptions SubsithrKe Advertising Book keeping fees Lega] & professio]thl fees 159.995 638 8.792 l71,843 1,620 3.858 419 22 3.061 266 9,613 13.421 540 4,924 106 10.659 l5,0(K) 15.922 407 3,781 11,600 6.152 1.605 2,826 915 3.467 16,000 16,445 233.916 2?1274 Page 16 continued...
The Al-Khoei Benevolent Foundation Notes to the Financial Ststements - continued for the Year Ended 31 Au ust 2023 SUPPORT COSTS- eollliDMC MDag¢mtut- tolltinued 2023 Support costs 2022 Total adivities Brought forwrd CleatsiDg 233,916 251.274 3.871 233.916 255,145 FinrL¢e 123 Support costs 2022 Total activiti¢s Bak For¢ign exL]w lo1{811S} lJ26 566 ,745 P8,5041 1,892 126,7591 Other 2023 Support costs 2022 Total activities tkpreeiation oftan8Lbl¢ fixd &s 44292 46,837 TRusfEES' REMUNERATION AND BETr4EFtTS Ihete were rto trst, iemunerwrL orotherl*thtfits for the ell 31 Aw 2023 wr for the year31 August 2022. TTUSttts' upt]u There Mrre no tDJStees' ex5 paid for the yeareDtsJ 31 August 2023 rftythe year ekd 31 Aut 2022. STAFF co¥rs The to w¥8cs and kni¢s forthe )tarwa$3s follows 31108r23 31108122 FoutslAtioo Mosque School Nur5¢ry 132J46 39.039 1211,524 97,723 211.496 25,115 1.140.559 91.360 I.KO,632 1.468.530 Page 17 continued...
The Al-Khoei Benevolent Foundation F4otes to the Financial Ststements - continued for the Year Ended 31 Au ust 2023 STAFF COSTS- wDtiDutd The 8rat numlxrof etnployees duriDgth¢ yeat WLS as fo]IowE 31108n3 12 31108122 15 FOUndl0 Mosque ScTrK)oI Nur5¢ry 61 62 85 89 No ¢tnployees reIrd ¢TrK)1uots in ¢¢55 of£60.0(K). COMPARAT]VES FOR THE sfATEMENT OF FLYCIAL ACTIVITIES Unmtricted Restrieted Endowment funds runds fund Total funds INCOME AND Ef4DOITrNENTS FROM Donatiotts and kgacies 31589 277.655 584244 ChYltsbk activities Schools orKTations Nurs¢ry Otrati0ts8 lJ67241 129.333 1,567.241 129.333 213.522 DF1D 213.522 Otber ulc0 1268Jl2 1268.512 Tot 3.271.675 491.177 3,762,852 ExP[D[TURE ON Ch*ritsblt Artivities Schools 0%15 Grants and Dortations Support wsts Nursery Ot£rntiO 1.441601 284.641 296.065 99.765 .442.601 534.986 343,750 99.765 214,500 250.345 11,072 36.613 DFID 2l4J Trtal 1123.072 475.917 36.613 2,635.602 NET INCOmEJIEXPED¥rrL,R&) 1,14&603 15260 (36,613) .127250 RECONCILIATION OF FLTrIDS Total Thd5 bTOU8ht foTw¥rd 1837.732 51.458 6.124215 9.013.405 TOTAL FUNDS CARRIED FORWARD J.986.33i 66.718 6.087.602 10,140,655 Page 18 continued...
The Al-Khoei Benevolent Foundation Notes to the Financial Statements - continued for the Year Ended 31 Au ust 2023 lTriTANCtBLE FIXED ASSETS Trademarks COST At I S¢pt¢mber 2022 and 31 Aug1 2023 3,45 AMORTISATION At I S¢p*mber2022 aJ>A 31 Aug12023 3,450 NET B(M)K VAI.UE At 31 August 2023 AÉ 31 August 2022 TANGIBLE FIXED ASSFrs FiUrl alld rittings Freehold School propertiQg Equipments Offiee equipment Totals COST At I S¢ptEtnt¢r 2022 Additions 6J77,468 284.122 299.504 516.107 1,905 7.977201 .905 At 31 Atwst 2023 6.877.468 284.122 299504 518.012 7.979.106 DEPRECIATION At I S¢ptetnber 2022 Ch&rEe foryear 789.866 36.613 284.122 285.7T5 5.722 504.708 7,680 1,864.411 50.015 At31 August 2023 826.479 284.122 291.437 512.388 1.914,426 NET BOOK VALUE At 31 2tr23 6.050,989 &067 5,624 6,064,680 At 31 August 2022 6.087.602 13.789 l iJ99 6.1 12.790 Included above tn toral net book v1[ is costof14nd wnounting to £5.251160 (2022.. £5252.160). DEBTORS: AMouNfs FALLING DUE WttHIN ONE YEAR 12. 2022 Trade debtOTS (Xher debtors Inter.fiuJds t¢mw>rary bkns Pr¢payments 87.873 41,089 34,657 24.133 26.668 44.628 81201 22,418 65.909 187,752 240.824 Page 19 continued...
The Al-Khoei Benevolent Foundation Notes to tbe Finaneial Statements- eontinued fnr the Year Ended 31 Au ust 2023 13. CREDrroRS: AMOUTrItS FAiLING DUE WITIILN YFAR 2023 2022 Trade oeditors Socia] security aTLdothertax¢s Other OT¢ditors NuiEery dewsits Inter knd ALKW Inter fi)ttd DFID Intct fund SADAAT Def¢Tr¢d ll01¢ Accrued exFenxs 50.490 20.541 64.938 19,611 10.936 5.400 {2.654) 137,547 (53,6921 276,725 39.600 7.101 130278 {102.723) 256.035 19.688 381,794 498.411 14. MOVEMENT IN FtJNDS Net movement in funds At 3118123 At 119122 Unresirieted fuDd$ Getteral Fund KhuD]s Sehem Imarn 3,654,664 331,6n (280.091) 129.648) 3 J74,573 302,024 3.986J36 (309.739) 3.676.597 Rcstricted funds Khums Seh¢m Sadaat Al-Kath8rl(hphans & WidowE DFID FuDd 53.692 10.931 094 49,031 1.590 15.308 102.723 12,521 17,402 66,717 65,929 132,646 EDdoivmttti fLDds Endowow¢t Fund 6.087.602 (36,6131 6.050.989 TOTAL FUNDS 10.140.655 {280.423) 9.860.232 Page 20 continued..
The Al-lthoei Benevolent Foundation Notes to the Financial Statements - eontinued for the Year Ended 31 Au ust 2023 14. MOVEMENf IN FUNDS- contknu¢d Net movennt in fi)d I](d in above aTE fOlkn.. In¢oming Resources Movemellt resour¢&s expended in funds Uthrtstrieted fulld¥ Getra1 Futtd Khwns Sehem Imam 2:Ol497l 99.962 (U93.062) (129,6lOI (280,091) {29.648) Restrict KhUll Sehem Sadaat Al.K&wttwlOrp1w & WidoTrs DFJD Fut 1112.933 {2.422,672) 1309,7391 99.963 195.177 21.865 (50.932) (193,587} 16.5571 49.031 1,590 l5.308 Endowment futtdj Endowmellt Fund 317.(105 Q51.0761 65,929 {36.613) (36,6131 TOTAL FUNDS 2.429.938 (1710J611 1280,423) Compantivts for movtmtttt in f•nds Net movement funds At 3118122 At 119r21 Unrestriettd funds General Fund Khums Sehem Imam 1598.865 238.867 l.055.799 92,805 3.654.664 331,672 2.837.732 Restrltted fvDd$ Khums Sehem Sadaat Ai-KawtbarlOtphans & Widows DFID Fund 1,148,fA>4 3,986,336 53,692 (37.4551 19781 53,692 10,931 2.094 48.386 3.072 51.458 EDdoivment Endowmettt FuDd 15,259 06.717 6,124J15 (36,613) 087.602 TOTAL FUNDS 9.013,405 1.127,250 10.140,655 Page21 continued...
The Al-Khoei Benevolent Foundation Notes to the Ststements - continued for the Year Ended 31 Au 11gt 2023 14. MOVEMENT IN FUNDS- tontiuued Incoming resources Resources Movem¢nt expended ill funds Urtrtstritted fullds General 3.178,87 91805 123.071) 1,055.799 92.805 3271,675 (2.123,071) 1,148.604 Restricted funds Khums Sehem Sadaat Al.KawtIrj(pknaDS & Widows DFID Furtd 92.805 184,850 213,522 {39,I13) (222.3051 (214,5001 53,692 (37,4551 {9781 491.177 (475,918) 15.259 ELdowmeDt Etthwmen¢ Fu1 {36,613) 136.613) TOTAL FUNDS 3.762,852 (2.635.602} 1.127.250 A CUTEettt year 12 mnths and prior)rar 12 mortths combin¢d PDSitv)n Ès&4follow¥.' Net movement in futtds At 3118123 At 119r21 Lnrestricted GeneTal Furyd KhunLS Seh¢m 2,598,865 23&867 775.708 63.157 3.374.573 302.024 2.837.732 838,865 3,676.597 R£stri¢ted tndS Khums Sehetn Sadaat Al.KaknlOrplwLS & Widows DFID FUEYJ 102.723 (35.8651 14.330 101723 12.521 17.402 48J86 3,072 51.458 81.188 132.646 Endowmtllt fund5 Endowment Fuad 6.124215 {73,2261 6.050,989 9.OI3.405 84A827 9.8(4).232 Page 22 continued...
The Al-Khoei Benevolent FondatiO Notes to the Financial Ststements- eonlinued for the Year Ended 31 Au ust 2023 14. MOVEMENf IN FtiNDS. colltiDued A QLrtent year 12 tnthS alld priorye4r 12 L?)mbin in fiLnd& inclwled ID the thive are & follows.. Intoming Resources Movement resources expended in funds Unrestritted fllllds General Fulld Khvms Sehem Imam 5.191.841 192.767 (4,416.1331 (129.6101 775.708 63,157 Restricted ftrnds KhUll Seh¢m Std Al.K&wthIOsll5 & Widows DFID Futtd 5J84.608 {4.545,743) 838.865 192.768 380,027 235J87 (90,045) {415,892} (221.0571 102,723 (35,8651 14.330 808.182 (726.9941 81.188 E]kdowruentFuttd (73226) (732261 TOTAL FUNDS 6,19{790 (5J45963) 846,827 Thc Unrestricted funds ate the tec¢ipts aDd exdIj1t ofth¢ dwity frjr its obiecti¥%s withoutwifie restriciion ott its us¢. It l8 repiEgentrd by the ¢hBrities net ¢utreTht and its ottRrtsngbJ k &%ts. The Restricted fi]nds skx¢ific fuD&y for spccific purp} The is by Det TElevant ¢UJTent and its oth¢r ats.. EMPLOYEE OBLIGATIONS Th¢ ¢hvJÉty operth a (kfined o)TLtribution [on scheme. Thr ChTty COtitribuf¢d in pensitin £17.38412022.. £16.414} during the year. 16. RELATED PARTY DISCLOSUR There were no re]8ted pmy Irthl0 forthe yearen&d 31 A¥81 2023. Page 23
The Al-Khoei Benevolent Foundation Detailed Statement of Financial Activities for the Year Ellded 31 Au ust 2023 2023 2•22 INCOME AYD ENDOWMEF¥rs DoTJAtions and legaties Donations attd Rellgio5 dues Gift aid 694.871 18.114 564.560 19,684 712,985 584244 Charitsble artivitiE5 School & Nursery Fee Jn(x)mt School Other Income Grant- DFID 1,590,056 105.032 21.865 ,613,435 83.139 213 J22 .716,953 1.910.096 Other intoe Gain on sak of tongible fL¥rd ets (hher in[De .260,482 8.030 1.268,512 Totsl inctsmillg resoiircts 2.429,938 3.762,852 EXPENDITURE Charitsbl¢ artiviti Misc school expenses Piinlin8 ty)sia8e & statm Lighi and heat Transport and travel T¢kphone Rates Repairs & MaiTrt¢nan Legal & Profes3ion8J Wagcs & saJaries- se1] B8nkthdTKes attd ini¢rest l)epteciatitrn Cle8ning Insurance Trning Mis¢ nursery exlL¥s Wages & Sa]ari¢5. NuTsery Sub5¢riptLon School meal. ex1 Saturday schDoI exnSeS Wages andsalBries- DFtD Travellthg- DFID LE8 & prof. fees- DF Carried forward 76.541 16.092 I 15.667 162 8.293 28,804 26,9 4.192 1.211.524 1348 5.723 7,584 31 J94 26,821 5,414 97.723 15.484 40,787 45,264 5,389 184 427 1,771.617 47.431 18.405 56,637 582 7.180 20,020 23.041 4.199 I.14O,559 1,384 6,614 7.662 25.997 14.934 5,605 91.360 16.603 42,665 41.310 64.768 33.004 58.360 1,728 J20 This page does not forn) part of the ststutory financial statements Page 24
The Al-Kh()ei Bellevolent Foundation Detailed StatemeDt of FinAncial Activities for the Year Ended 31 Au ust 2023 2023 2022 Charitable xctivlties ilrought for%vdrd 1.771,617 27.424 40,568 557 557.416 26.679 ,728.320 9.607 29,098 58,368 496,696 3&290 Sen)L food Iraq Expenses- DFID Donations to instituttolls Donation payjnentg 2.430261 360.379 Support ¢wts Manag¢mtLt Wage5 & *lari&s- Founda¢ioll Rates and water Light and TEkphone Postage and station Travelling Sundries A¢¢ou]]tsncy ftts Publication exwises Repairs & Mntenanc Subscriptions Strbsistence Adverti&ng Book ke¢pin8 fees Legal & profe101] fres Cleaning 159.995 638 8,792 1271 407 3,781 171.843 1.620 3.858 419 22 3,061 266 9.613 13.421 540 4.Y24 106 10.659 15.(K>O 15,922 3,871 11,6(K) 6.152 1.605 2,826 915 3,467 16,0(X) 16.445 233.916 255.145 FiuD¢e Bank chBrg¢s Foreign exch)ge lo&ts&iosl .326 566 1.745 128.504) 1.892 {26.759} Other Freehold property FiYttwe5 and ffttiTJgs 36.613 7.679 36.613 10,224 44,292 46,837 Totsj rc50w¢es expended 2.710,361 1635.602 Net {expenditUrcYIOrne {280,423} 1.127250 This page does not forni part of the statrjtory financial statements Page 25