REGIsfERED CHARJTY NUMBTr;R: 8020110 IbeT dited Fi ¢AI Ststemt for the Year Ethdcd JJ A t 2011 for Th KI￿1 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¢ I*depeDdellt Auditor St*temtxt of Fin*Thti*l Artlvitxl io BalxDtt Sheet C￿h FIDW Slat¢meDt 12 Nole$ to the Ctsh Flow S¢*t¢mtht 13 Notu to tht Finaoti*l 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 *alett￿ts of the iknity forts ycar¢ndcd 31 AUg￿t 2023. The have adopted the pmvisions of Atcounting and Reporting by Charities.. Statell*nt of Recomttwi&d PMti(% applic*bl¢ 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 eh*itys knjstdeed isto w1v8r￿¢ the 151&mic religion by a]1 or 8tsy ofthc following r*an5'. al PTovidillg ajmi maintsinin8 tllosques *hd religiow ¢¢ttttes fortr* m￿nh￿t￿rIS1￿Ii¢ ￿ligIOn. bl Twhin8 a[￿ Edwatiog youllg of th¢ 151amic d¢ (hJctriDCS lA#￿S of th 151aTDiC reli￿E1. Strateglts SigAitl¢antArtivities The Charity itl purSUat￿ of its charitabk#itDs and objeeti￿5 ￿ri￿8 ¢)￿aWIde1￿jgv of xtivities in th¢ foliowitig sect¢)r% a) G¢neral d￿table 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 ￿￿$qUeS arc open to the 8eLeral public &8 plate of worsh￿ forth ￿lI0￿rS of IsJamK faith. ReJi8ious centsts or8aoises v8rious Teligious act]￿tieS &nd fiujotions ajyj pttsV5(ks iftfomLatLon to raise the aWa[En￿ of the IslttTDi¢ faith. The charity atso OW*5 Al.Sadiq sch(￿1 for Al.Z*hrn s￿￿] for 8irls atd Al-Gh&deer nurstry for pre scIM)ol age chiltheD. Ail these inststutioos are lic¢lli%d by the OFSTED and follows UK nationa] wticujum. The sch(x)is provide fthll tim¢ education forup to 400 pupils. In additio]4 pw)ils attend classes in IsJtitni¢ thdies aDd ATabi& which take up oround ten [￿r￿￿tage of pupijs titne. GraDtmikiD¥ The Charity administered ¢oll¢L*ion and di#nlJutiou of v8rioths dues lthe Khvrns S4daqat tn ac¢otdsn£e with the teachin¥5 ofIslarnic fai¢ The ch8rity ¢olleets gen¢raI d0t￿tiOnS distri￿trd in purswce of & Charitys objecti￿9 education and trninin& Telief of poverty gnd various Telj8M)Iis activities. Voltttht¢erJ We eTh¢ouTage All members of our nywues and centres ¢0 te iuvolval in volvnw xtivities attd to share their skills wth others. Volunteers not p&d any salaries btst only relmbU￿d reawnable out of CXPtsL%es sKh as t(avel costs. AJI volwLkets woth8 with children or ¢)thff vujnetable gTOUPS are CRB check¢d ACHIETrEMENT AND PERFORMAIYCE How our *ctivilie5 delivtr P￿bIle btDtfit A Nlryde TBng¢ of activities ar¢ ¢atried out iD Pur￿8*K£ of th¢ charitsble Èijrys and obj￿￿¥¢$. The trllsttts wn5idcr that tl*se athivitie Sum￿Sed below. pmvide i￿￿fitt0 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$ques are o￿n for pAyer4 wvrshjp Illd forthe a¢livits¢5 &wiatrd owflith. The (tntrcsart OWL forth¢ wryder publi¢. Durtng the )¢8r uttthr TeTriew, offer arw of￿11810us s¢rvitts and xtivihcs ioclvding: PrAye Our mosques aye availabk daily for prayers to the yrtr8] publi¢ of lsl*mi¢ faitrL We h*Trt of Feop]e attending ow r￿s4ut foT pray¢r5. F¢stiYats The Mosque8 celebrate Rkmxdan and ser4r food for gtt¢rMIiDk MO4￿5 wish to d*iT f&8t iogeth¢r. We also hold special evellls and serv¢ food during the 15LaJnic ￿MIn￿L%0f MuhaTTrW sa￿ on the anxual wmmawr8tion of the martyrdotn of Imam Hu55ei]4 the w(tson tsf Prophet IPBUH Th¢ M05que$ 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 ￿ I￿lIa]D￿0r4ypIita1iO[Is cw Thursday evcniijg. Civil marriage5 The Mosques provide M￿￿1]n￿￿pIeS ￿[b ￿ *pptt)priatr k￿atK>Th knrtheirci￿l 8lld N&kah Us]attLi¢ mAEYi¥I. Memorisation and recitation ofthe Qwan e consithd ekmeDts of TrjiEio￿S 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. st￿1 ￿ to CQmTueEtLoratr itrtaitt events su¢h as thc fortieth day after the mas5&CTe at K8rbala IATb*en) or Good Friday prottssI￿ artd thus aTC a signifitsnt op￿rtUnItytO build btidges t*twe¢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 relati0t￿1pS 8Dd takjng effe¢¢ive pub]i¢ the s(knL8 given pupi]sth2 wnfidejxce to parti¢ipa* ijj publi¢ ]ife for th¢ good oftheir coMm￿ltieS. The School Nursery a]so offers bursaTtes aYMI disCOUDtoJJ fees for families Ire not abk th 8fford to pay the fijll fEe5 F￿Vided that th2 child demonstr&tss v￿goOd 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 e￿ab￿ thyelop a gwd fouDdation in learning and exwessittgthetn5¢1ves thyougb p￿y. This in turn ¢hildren to X4YiTC ÈodylldeD*, coofkn and ¢fftaive cottllnunicatio Hills ftnd rooms Ourhalls attd tPQm5 are avail*bieto 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 T￿mInateS sessiolllll Bnd part ti￿e 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 yO￿th 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 Cou￿1]1￿¥ for wupks alld e￿￿)H￿ing tll 50ci¢ty offering th¢t)) educational snd SE￿ facilities. The Charity rtu]s arl ¥ademi¢ aml to dea] re*arch on the Shi& sx)t[￿n￿rtY 8lld other religious collJtrLUDiti¢s and rnises the ¢oll￿rn$ of reltgious aT￿ ethtsi¢ minoritie5 4t differettt frjnuj The Charity 15 a ￿￿￿b¢r ofFaith Fon]m for I￿nd011 ry)nlnThutes b) th¢ w1￿$Mm alld thE ￿￿50f faith l¥J[￿U￿iti¢s in LonthJD. The Charity ig a member of the Reli8ious Educ￿￿ Courycil 4Dd is itty01￿d in the deVelOp￿th of religio￿5 edu¢thlion GU￿lCUlUrn 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 H￿nber and ho￿ th¢ offik 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 ￿l￿fit and on the &dvant%oxnt of r¢ligio¢k for public kDefiL This ensures that t*W tnL%ees 874we of ihe ef their rsp)nsibilities under the CI￿litieS ACL I]Jitially. ijew Inistees w)rk Hith existi￿ tnL4e¢s assisting on particulaJ activities and projects by the CI￿lty. After s8tisfartory feed b2¢k from exi&m8 they ate thell giNtn tbe task of le*litig & wticular activity or proje¢( Tep)rtiug pro8ress a¢ oiisttrs, Ir*ei RF,FERENCE AND ADMINisfRATIVE DETAILS Rtgi4tered Tharity Dumb¢r 8020(X) PrIlle1￿1 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, REsPoNS￿lL[[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 Pr￿tt￿l. 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¢￿U￿ts and Rcpojts) Regulations 2(X)8 8]>d the provisions of the dee(L Th¢y&r al￿ respon*blc foi safeguardiDg th¢ assets of th¢ ¢h8rity and hence fortsktng re￿)￿&b]e 51Eps for th¢ prcvelltmm and dc*¢tion of fra￿1 and illegul4rities. Page 5 ' Benevolent Foundation ort of theT ear Ended 31 Au fort ust ApPro￿a by w&r ofthc E•ard Of1r￿ ryj 27Jwx 2024 ayxl sI￿j 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 siatell￿nt of Fin8n¢iaJ AciiYitie& the Bal¥￿¢¢ SheeL the C&%h Flow Statrtr*nt a]Jd nots io the financial ststements. including a SUttLW of signifi¢8ut ￿￿OUnt￿L8 pDlici¢& Th¢ financiaj r¢poty that hss I￿1 applied in d)eir PTrparafLon is applicable law United KuJ8dom Actoulllln8 Stalldards (UnÈted KiDg(k)m G￿￿81]Y Ac(Wed AL￿￿￿tir￿g PtsctiLEI. In our opinion the fmanc1￿ slatetllents.. give a true and fair view of the state of the ch￿l￿$ affairs *% at 31 2023 and of ts Ill￿1ng resourLr5 and application of Tesour¢es. for the yearthert e]Mied. ve b¢¢n prO￿rIY pteF4red in #cL￿rd8n¢t with Unit¢d Ki￿d0￿ 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 A￿111￿8 (UK) IISAS (UKII 8twJ applithle law. respo*sibiliti¢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 ch￿lty ￿ B(wrda]]ce with thc ethi¢41 tequirewits that are ￿]ev9￿tt0 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 trw*s' of the 8oiDg ronrtrn ba*s of ac£ountitig i]J the prep8Ation ofthe financi￿ ￿te1￿lts is appfopTi*. Based on th¢ w)rk we h4vc perfonlle& wr have J)ot identified gny ]ti*Tia] 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 ][thEll￿tiOti. Tr ort￿ infOrn￿l￿ the infortnation iticluded in Atynuai Repo oth¢rthen the fiTwi¢ia] statemthts alld our Re￿rt of the JndeFtht A￿lIfOr$ tF*reo]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 ￿sUr81￿e &)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 st*krnen¢ or our knowledg¢ oi*ainEd in th¢ audit or oth¢Thvise appe￿S ￿ te thatrriaity mis5tatd If i¢kntify such ma*rial inconsisteDcies or apparent rna￿l￿ 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 th￿e is a Trthkai Mjsstste￿t of this other iDfonnatioffj Mt required to that fact. We have nothing to rep)rt in this tegar(L M*ller4 which we rtqvired to retAbrt by tsceptio We hav¢ nothing to r¢rK)rt in re5ped of thc following matters Ch*ities {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 fu￿ncial 51th1￿.. or sutYici¢ni a¢tounling Tecords have t￿t 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 for0ura￿lll 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 d￿trn￿e is neLY5Sary to enable the prewatitin of f￿3￿¢1￿ stait]nEnts are ftee frotll M￿trial mis&a￿ ¥whetkn to frwjd ortt￿. In pt¢paring the fJnan¢iai statetr£ot& trustees are res￿￿sIble for the charitys llbilty to contrjue 8$ 8 going conc¢m, disck)ging, app1]￿b]e. matter5 Tel*d w going ron¢ern and using tk goiJ)g coD(xrn basis of accountiftg eitkr intsnd to liquid*e the tharity orto ¢e4se orhave ￿lL￿tsC 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 IlJ*ncl￿ 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 the1*ll￿r. (hr objectives arc to ol)tsitt re&sonabie &swrnit£ at&*ut the fioatt¢ial state[[k￿ts ￿ & *thok are fiee m&eri8J misstxtemettl hether due to fraud or ertor, attd 10 issu¢ & R4￿rt of the Ind¢FDdettt A￿litOrs that intluths our opinion. Re￿llab]e asswance is a high level of &$5uranK but is not e guarantee that all audit coDdu¢*d iti accoTdall¢e with ISAS (UK) will alM*yS d¢t¢ct a JDateria] Mi￿[￿ternent Ivhen it exis￿ Mlsstate￿ts can arise from frnud or ertor and att ¢onsi(kred mthfi8] ￿ indtviduaity or in the #ggreg8tr. they could ieasonably be exrKc*d to influentt the e¢ortomi¢ d￿ls￿of usets tsktnon the bas￿ of these finarteial *atcments. The exkntto which oUrpTw¢du￿sart UFobkof (ktclxttig Irregu￿ iu¢ludtog frawl i5det*iled E¢iow. We iderltify st￿ &wss th¢ risks of Tnatr¥id n]is5tat￿t of the FItsan¢1￿ Sthmenty whether fiaud or error, aDd thets destgn and p¢rfonn &udit proc¢duT¢S rewnsive to those iticludiD8 obtsirLtD8 audii evithn￿ that is suffi¢Ktit and appropriats to pmvith a basi$ for OUT opinion. Idtthtlfying aDd assessing potential risk% rehted to irr¢yl2ritits In identifying and Lssesgillg risks of tllaterial mis5tatetr￿￿t illc1ud1r￿ fraL¥J ThTru-complian¢¢ with Jttws 8]Jd regul2tion4 ourpTo¢¢duTes included thc following: . enqwring of nwwcnKut aDd trustees in¢lwJ]ng olA*ttitsg and reviewKD8 SUPF•niDg d(xuM￿tiOn ton￿rnIng 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 respond￿￿t0 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 undeT*andÉng of thc kgal and ￿gulatOry ft8the￿ th* the cknity owates ll4 fO￿t￿8 on those JAwa and regulations that had a diTe¢t ¢ffe￿ on the fill￿cial statem￿ts or that had a fimdamentsi effect on th¢ ¢JF¢ratiolls of the ¢b*ity. 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 ￿f0mLi￿g th¢ atrrt)v¢, we iderttif￿d managett￿t oTrErrtde of ￿ntrol4 Tel*￿7￿￿ inCh￿l￿g 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 appmprlatr￿esS 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 b￿571)e&S - Substantive te51iDg on donation income w￿$t￿OI itico￿. - Sub5tantiv¢ I¢￿tn8 on dot&ion Pl￿nents w e[￿￿ su¢h payn%nts ate prO￿ty 8uthorise4 p￿￿ irl accordanee purpD5E and conditions of grants Ino misapplic￿lon of restricted fvnd5X paytDents are within th¢ objective5 of thc th￿$ty and accurdte alle¢aiion across A further dcscription of our ]Ysponsibilrti¢5 for the audit of th¢ finxttiai Sta*D￿ts is l(*tsted o# the Firw)cial Re￿rtill8 Council'5 tbsite ai M¥w.frc.0￿uklaUdt¢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 l*en 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¢ f￿d. 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¢wi0￿8 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 EXPE￿D[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 I4￿411> NET CURREKf ASSETS 3102￿6 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 TnJs*es aNI authrisel ftr iÉ5LK on 27 2024 wete sigt*d 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 oper*tin8 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 ¢qtyiv*leots in the reporting period C￿h and t*sh equivil¢Dts *( tbt of the reporting ptriod (295.858) 1827.865 4285.452 ,457,587 Cgsh and equiv￿￿ts 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 {ExPEND￿vREYll1lCOMKTO IYEf CASH FLOW FROM OPEIL4TING ACTtVITIES 2023 2022 Nct1¢5p￿dlfurc￿1￿tOffje for the ryortill¥ period l*s per tht Sl*ttThtnt of FlnaDti•I AetiiYti¢s) AdjUst￿ents for: Dep￿CtatIon ch8r8 Profit on diwsaI of rtxed a8sets Decr￿lIn¢[￿￿I in deb￿r8 {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 Y￿r Ended 31 Au ust 2023 ACCOUNTING POLICIES B&siy ofprtparing the finatttitil $l*t¢ments The financial statements of the ¢lLknity, thieh i5 a pub]ic t¢￿fft entity FRS 102. blve b￿n PTepwed to xcordatLce with the Charities SORP (FRS 102) Acroutiting and by Cbariues.. sts*[￿nI of RcrA)tDmBDdd Pra¢tic¢ applicable to ¢h8rities PTepÈriDg their a(wunts ill a¢uTrrd8nce with the Fi]*ncia] Reykrting Standard 8ppli¢able iti UK liepublic of Ireland frRS 1021 l¢fftcttve ) January 2019),. F[[￿￿¢181 Retming Staud*d 102 Tr Financial lieportin8 standa￿ applicable the UK gmd Republic of IJelaad 2nd the ch8[it￿ Acl 2011. Th¢ fiT￿l9] ￿tt￿nts hav¢ k¢n prep*ed under the histoTi¢a] cost Ctsnvelltion. All income is Tecognised itt the st)ItmE￿ of Fitiaocia] A¢tiirytsts otte the Charity knentitknxllt to fwid* it i8 probabl¢ tb8t the itt¢ome will be Te¢eived and the arnOuntc￿ b¢ mcaswed teliabty. Exptttdltllre Liabilitie5 aTe ytwised a5 expcndittW¢ as Ls there is a Jegal OE ¢OrtsinictiY¢ obiigatsort wmmitting the ¢h*riiy ¢0 that ¢XPEndituo It is probable that atransferofeu)uotni¢ tr*nefits Mryll be tequired ￿ 5ettleJnEnt and the amount of the obligation be rneaswed reliably. Exp¢nditur£ is acGOUtrt¢d for on an ￿ll￿[S b&sis and hos bEeD c1￿10¢d under headsngs that a88regate all co# related to the category. wtse￿ thsts Cannot ￿ diTethly atttibu¢ed io p8rticu]ar l*aditi8s thcy have beth ailocat¢d to activities on a basis COJkSiStent with ts us¢ of resources. expenditUT¢. Charitable a¢tiviti Ch￿ItsbIe activitie$ ¢ost cornpIise5 all th ow*ingexpeLw Sjr its charitsbk aL*ivitits 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 Developts￿l SDJdke5kn gatber i1jforll￿ a￿1 out ye￿Ch w)rk oll $hia m￿%1￿)) minoritiES in v8ri(*Js countries aroulldthe Allotatloll and apportionment of to¥ts Support ¢ost include thinistAtKve (J)St relatrs to the foullda1￿ alld hav¢ b¢¢D 41k)L*d to a¢ttvity ry)st ￿l Equiptncnt FixtLtres fittingy otYi£e equipJ]Knt CO￿ of builth.ng over 50 ye4rs Cost of building over 25 yesrs Coa of builditLgover 15 years 2￿0￿¢0 15%on (nst Fuhd •ttouDtiDg Unrestrirfed income fiwd5 to[ttprt￿ those fvnds thi¢h the trusm ate free for ￿Y PUTFQ5e in fiwthemt¢ of the charitsble obje¢tives. Page 14 Continued... The Al-Khoei Benevolent Foundation Iyotes to tbe Financial Statements - eontinued ror the Year F.nded 31 Au ust 2023 ACC01Tr4TINC POLICIL8- Fund attollDting ResTri¢ted fi]nds att which are to ID accotdw with spttific restrict￿% TmFo*J bythe (k>noT& Restri¢ti¢)n5 ￿18¢ Endownettt fund r¢pr¢sellts the prop¢TtX5 held by the thuity and th￿￿1￿110n teJatsD8 to ts ptOF¢rty eharE¢d against thc Dd. For¢igll turrellcies Assets and liabilities in ¢uThenci¥ art tr8llsl￿￿ S*rltDg or the of cxchao8e rnlrng at thc b￿attL* 5he¢t dale. TronsactioDS in fo￿18￿ ¢UTretLcies Aye ttsnslated into steritn8 ￿ the tate of exchw ruling at the dth of Exchg4e differe]Kes ￿¢ takm ittio accouni in arrtving at th¢ 0￿￿ting resu]L Gov¢rn]MeDt grants Grants are a¢count¢d for under the x¢rua15 ttK>del r¢Mi]u￿ by FRS 102. Grsnts of revenu¢ nature att recogDi5cd in the Statement of Financial ActivttÈes in the sattE wiod Is th¢ T¢]8ted exFnth"lur& Any acc￿￿ ¢l¢meThts of grants is iticluded iD Goikn8 tonceT Trusrees believe that the djtiritys fm&)¢iat ststem¢nts slM>uld k pt¢pa¥ed on a goiog u)tt£ern b85is ott the RrowJd5 that u]nrDt and future of funduJ8 or sllprM>rt will b2 more thatt a(kquate for the cbarrtfs tth. TnJst¢c$ 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 sch￿15 O￿all0￿S SchLK)l & Nursery Fee Is)cotr NurscryOt*Trt 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 SUp￿rt ¢osts (see note 6) Direct 5) TotaLs h)ol$otmtions OrBllts and Donati4)D5 SupJh)n ¢0515 Nursery o￿alLOr DFID 1,626.342 1,626.342 584.095 390,230 103.137 6.557 584. 110.130 103.137 6.557 280,100 1.846.166 584.095 280,1 2,710.361 GRANTS PAYABLE 2023 2022 Grallt5 8ttd IX)natiODS 584,095 534,986 The totsl 8Tants to it￿tI￿￿o￿sdlln￿8th¢ ywwEre £557,41612022. £19(696) SiiPPORT COSTS Management Finance Other Totals Supporttosts 233.916 1.892 44.292 280.IIK> Supp)rt COSL% incbjded inthe th)ve. ore as folkbw MaJL4gt]nent 2023 Support costs 2022 Total activities Wages & salories. Foundati Rates watet Light and heat Ttl¢phon¢ PostaEe attd siation¢ry Tyav¢lling SundTies Actouniancy fee$ Publication expe Repairs & M8irtkn￿L¥ 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 M*Dag¢mtut- tolltinued 2023 Support costs 2022 Total adivities Brought forw*rd CleatsiDg 233,916 251.274 3.871 233.916 255,145 Fin*rL¢e 123 Support costs 2022 Total activiti¢s Ba￿k For¢ign exL]w lo￿1{811￿S} 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 tr￿st￿, iemuner*wrL orotherl*thtfits for the ell￿ 31 Aw 2023 wr for the year31 August 2022. TTUSttts' upt]u There Mrre no tDJStees' ex￿￿5￿ paid for the yeareDtsJ 31 August 2023 ￿rftythe year e￿kd 31 Au￿t 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 8￿ra￿t numlxrof etnployees duriDgth¢ yeat WLS as fo]IowE 31108n3 12 31108122 15 FOUnd￿l0 Mosque ScTrK)oI Nur5¢ry 61 62 85 89 No ¢tnployees re￿I￿rd ¢TrK)1uo￿ts in ￿¢¢55 of£60.0(K). COMPARAT]VES FOR THE sfATEMENT OF FLY￿CIAL ACTIVITIES Unmtricted Restrieted Endowment funds runds fund Total funds INCOME AND Ef4DOITrNENTS FROM Donatiotts and kgacies 31￿589 277.655 584244 Ch*Yltsbk activities Schools orKTations Nurs¢ry Ot*rati0ts8 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￿￿%1￿￿5 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 Aug￿￿1 2023 3,45 AMORTISATION At I S¢p*mber2022 aJ>A 31 Aug￿12023 3,450 NET B(M)K VAI.UE At 31 August 2023 AÉ 31 August 2022 TANGIBLE FIXED ASSFrs Fi￿Ur￿l 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 ll￿01￿¢ 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 moven*nt in fi￿)d￿ I]￿￿(*d in above aTE fOlkn￿.. In¢oming Resources Movemellt resour¢&s expended in funds Uthrtstrieted fulld¥ Get￿ra1 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.KawtI￿rj(￿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¢ Fu￿1 {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 t￿ndS 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 Fo￿ndatiO Notes to the Financial Ststements- eonlinued for the Year Ended 31 Au ust 2023 14. MOVEMENf IN FtiNDS. colltiDued A QLrtent year 12 t￿nthS 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&wth￿IO￿￿sll5 & 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 ex￿dI￿j1t 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 a￿ts.. EMPLOYEE OBLIGATIONS Th¢ ¢hvJÉty operth a (kfined o)TLtribution ￿[on scheme. Thr Ch￿Tty COtitribuf¢d in pensitin £17.38412022.. £16.414} during the year. 16. RELATED PARTY DISCLOSUR There were no re]8ted pmy Irth￿l0￿ forthe yearen&d 31 A¥8￿1 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 Rellgio￿5 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 into￿e 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 Tr￿ning Mis¢ nursery ex￿lL¥s Wages & Sa]ari¢5. NuTsery Sub5¢riptLon School meal. ex￿1 Saturday schDoI ex￿nSeS 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 & M￿ntenanc Subscriptions Strbsistence Adverti&ng Book ke¢pin8 fees Legal & profe￿101￿] 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 {expenditUrcYI￿Orne {280,423} 1.127250 This page does not forni part of the statrjtory financial statements Page 25