REGISTERED CHARITY NUMBER: 802000
Re
ort of the Trustee5 and
Auditod Finan£ial Stgtemenls for the Year F.nded 31 Au
115t 2024
for
The Al-Khoei Benevolent Foundation
Merali's
Chanered Accountants & Siaiuiory Auditors
S¢ottish Provident House
76-80 College Road
Hatrow
Middlesex
HAI IBQ

The Al-Khoei Benevolent Foundation
Contents of the Financial Statements
for the Year Ended 31 Au
ust 2024
Page
Report of the Trustees
Report gf the Independent Auditors
Statement of Financial Aetivities
B4laDee Sheet
10
Cash Flow Statement
Notes to the Cash FloTrY Statement
12
IYote$ to the Financi￿1 Statements
13 to 21
Detalled Statement of Flnancial Activitles
22 to 23

The Al-Khoei Benevolent Foundation
ort of the Trustees
for the Year Ended 31 Au
ust 2024
The tru.Et¢¢s present their report with Ihe fit]ancial siatements of the eharity for the year ended 31 August 2024. Thc trustees hav¢
adoptcd the provisions of AccountingT and Reportinb by Chariti¢s.' Statement of Recommended Practice applicable its charitics
preparing IheiT accounts in aLcordance witli thc Financial Reporting Standard applicable in ihe UK and R¢public of Ireland IFRS
102) (effective l January 20191.
OBJECTII'ES AND ACTIVITIES
Ohjetlive$ and #ims
The objects ol'th¢ charity as sel out in ihe charity's trust deed is to advance the Islamic r¢ligion by all or any of the follo￿.In￿￿ ni¢ans'.
a) Providing and maintaining mosques and religious cenir¢s for the worship of Islami¢ religion.
b) Teaching and educaiing young niembers of ihe Islamie communiiy in the do¢trines and practices of the Islaniic religion.
Stratcgles and Significant Actli,Itles
The Charity En pursuance ol-its cliariiablc aims and objectlV¢5 carries oui a wide range of activities in the following seciors..
al General charitabl¢ purposes
bl Educaiion and training
c) The prevention or relief of poverty
d) Religious activities
The eharily concentrates 115 activities around children and young people. ¢ld¢rly and old people. and as w¢ll as general public.
The Charity operates mosques and religious ecnlres at B Tondesbury compl¢x in North London, Swansea and Manchester. Thes¢
mosques are open to tlie g¢neral public as placc of worship for ihc fnllowers of Islamic faith. Religious centr¢s organises various
rcligiious activities and functions and piovid¢s inforniation io rais¢ the awareness of the Islamic faith.
The mosque and centre in Manch¢ster is cu)Tently n]n by The Shia Welfare Assoctatton. an independent organisaiion.
The charity also operaies Al-sadiq school for boys. Al-zahra school for gir15 and Al-Ghadeer llUTS¢ry for pre school age children.
All these insliluiions are licenced by the OFSTED and follows UK national curriculum. The schools provide full lime education for
up lo 400 pupils. In addiliiin. pupilb aiiend elabs¢s in Islamic studies and Arabic, which tske up around ien perLentag¢ of pupils lime.
GrAntmaking
The Cliarity administered eollcction and distribuiion iTrf various religious dues like Khums. Zakat. Sadaqal in accordance with the
teachings of Islamic laith.
The charity coll¢ets general donation5 and ar¢ distributed in pursuance of ihe Charitys objectives io support educalion and training.
relief of poverty and various religious activities.
Volunteers
W¢ encourabye all mernb¢rs of our mosques and ¢¢ntres to be involv¢d in voluntary activtties and to share iheir skills with oth¢rs.
Volunteeis are not paid any salaries bul only rcimbursed ieasonable out of PLickel exp¢nses such as Iravel costs. All volunteers
working Hqih childT¢n or oiher vulnerdble groups arc CRB cheek¢d.
ACHIEVfr.IMENT AND PERFORNIA.NCE
HOM. our xetivities deliver public benefit
A wide rangc of activities arc carried out in pursuanc¢ of the chariiable aiins and objectives. Th¢ tTUStee8 consid¢r that these
activities, summarised below. provide benefit io ihe wider community.
Page I

The Al-Khoei Benevolent Foundation
orl of the I'rustees
for the Year Ended 31 Au
ust 2024
ACHIEVEMEN"I- AND PLRTrORMANCL
Religiou% g¢tii'itie.s
Our mosques are open for prayers, worship and for the activities associated with our faith. Thc ¢￿tr¢S ar¢ opcn for the wider public.
DurinbT the year under review, we offer a ranbye of religious servh¢e5 and aciivities includEllb'.
Prayers
Our mos4ucs are available daily for prayers to the generdl publE¢ vf IslamÈe faith. We have hundreds of people aiiending our mosqu¢
for Pldyers.
Festivals
The Mosques celebrale Ramadat] and serve food for those atiending our Mosques wish lo break their fasl together. We also hthld
SPCfTal ev¢nts aT]d seTY¢ food during th¢ Islamic months ot. Muha￿am and Safar on the annual commemorarion of th¢ martyrdom of
Imam Huss¢in, th¢ grandson of Prophet Muhammad IPBUH).
The Mosques celebraie the birth and commemoraie the manyrdom of all Imams of Shia Ishna Ashari faith during the year.
We hold weekly gathering in the mosqltes for worship, prayers and recitaiion of supplications every Thursday evening.
Cl￿1 marriages
The Mosques provide Muslim couples with an appropriate location for iheir civil marriage and Nikkah (Islamic marriage).
Quran cla55e5
Memorisalion and recitalion of the Quran are considered important elements of religTiOUS education and training. We coniinue 10
provide this facility for young people in the mosque.
Inter-faith eients
We enLourage and le2d by example the commemoralion of national symbolic occasions like Remembrance Sunday.
We often hold public manifestation of our faiih e.g. street walks to commemorate cenain ei'enls such as ihe forrieth day after th¢
a5sacre al Kaiba13 (Arba¢en) or Good Friday procc55101)s, and thus arc a 5lgTriificant opportuniiy 10 build bridges betw'¢cn diff¢rent
faiths by ¢OTnmunicating the philosophy and principles they are based upon.
Religious dues
li is part ol. our faith that we should offer Zak#i, Khums. and Sadaqai. They are collected in accordance wilh the leaching of Islam
and disiribuied for a number of specilic purposes includkng io help others and io further the ieachings of Islam.
Page 2

The Al-Khoei Benevolent Foundation
ort of the Trustees
for the Year Ended 31 Au
ust 2024
ACHIEVEMENT AND PERFORMAYCE
Community #¢tivities
Al-S#diq and Al-zahra School
W¢ll ¢%lablished bchools ihdt provide priniary eduLalion in a mix¢d sctting up to Year 2 and single sex educatton from Y¢or 3 to Year
I l. They are situated in the UTban district of Brondesbury in the London Borough of ilrent and provide fvll-time education for up to
400 pupils.
Thc schools are foundLd on the Quran and the leathinbs of th¢ Prophet Mohammed and his PTobieny. Throu&h trainin&J in the art of
building strong communily reldtionships and taking effectiv¢ public actionq, the schools have giv¢n pupils ihe oonfidcncc lo
participat¢ in public life for th¢ good of their communiti¢s.
The School and Nurscry also offers bursaries and discount on fees for families who are not abl¢ lo afford to pay the ￿11 fees provided
that the child demonstratcs very blood aczd¢mic history. The school fees is sel up in a way not lo exclude those on lower income.
Al-Ghadeer Nursery
We SiTive to support and provide children with the necessary skn"115 lo help cnable them develop a guod foundation in learning and
expressirhg themselves Ihrough play. This in turn helps children io a¢quirc ind¢pcndence. confidence and ¢ff¢ctive communi¢atlOD.
Halls and rooms
Our halls and rooms are available io us¢ by local groups. organisations and communitie5.
Prison seniee
Tlie charily is a m¢mb¢r of the prison service ch3plaincy council acting as advisory role for Sliia Muslim prisoners in HM Prisons. It
also nominai¢s sc55ional and part lime Shia Chaplains lo ihe prison servtce to Supplement chaplaincy servi¢¢5 already offered to
Muslim pri50n¢rs.
Youth Attii'ities
The Cliarily affers facililieb for youth to gather and involve in educational and sports activtties and to develop the youth to bc active
and law abiding members of the comrnuniry.
Women
Women and family programme at mosqu¢s offer advice and counselling for coup1¢5 and empowering women in Society offering ihem
educaiional and sports facililies.
The Charity also runs an academie arn? to deal with research on th¢ Shia community and other ieli&?1gus ¢ommunities and Taises the
con¢ern.% of religious and ethnic n)inorities ai ditTerent foruiii%.
Interfaith ei'ents
Th¢ L.harity is a niember of Faith FoTum foi London and contributes to thc cohesion and the needs of faith communitie5 in London.
The Charity is a membeT of the Rcligious Educaiion Council and 1.% involved in the development of r¢ligiou8 education curriculum
and takes part activities and cclebraiions of other faiths and regularly holds con)munity ev¢nls and sharing of food, Iftar.
Th¢ Charily is one of ihe founding member and hosts the offic¢5 of the Mosques and Imams National Advisory Board on it premises.
MtNAB aims lo rnise siandards in mosques and ihe iraining of Imain5.
Centr¢ for Academic Shia Studies
Th¢ acadeniic ami of MINAB (Cass) undertakes research on Shia and other religious minority affoirs, produces papers and bTiefing
d￿Umen1S.
FI￿lANCIAL RENqEW
Princlpal funding SO￿r£e5
One of Ihe Charity's main sources of income is Ihe Collection of donations and religious du¢s from general public. During Ihe year
th¢ Charity received total donations and religiou.% dues of £838,23212023.. £712.9851
Reasonable fees arc charged ¥0 srndents for the schools. During rhe year the Charity g¢n¢rated total school ineome of £1.481,330
(2023. £1.557.815).
The foundation also operates a fee poying nursery. Durinby the y¢ar, the Charity generated total nursery fe¢ income ol. £152,930
(2023.. £137,273).
Page 3

The Al-Khoei Benevolent Foundation
ort of the Trustees
for the Year Ended 31 Au
ust 2024
FINANCIAL REVIEW
Jni'estnient polic!, and nbjeclives
Th¢ Charily's cash res¢rves are held in current and saving bank a¢¢ounts. Any int¢r¢st ¢arned is added to the general fund reserve and
uscd for the generdl charitable purposes.
Reserves policv
Unrestricted fijnds r¢serve is maintaiTh¢d to cover governanc¢ costs and io respond to various application of grants and donations.
Restricied fi]nd reserve are held to bc used within ¢¢rtain resiriciions of th¢ relevant funds.
ET]downellt fund reservc Tepresenls the total cost of certain prop¢rties after annual depr¢¢iation charge.
In s¢ttingT up ihe Charity reserve policy, the trus(ees have id¢ntified two unrestricted funds as delail¢d in the notes. The resiricied
nds aTe disiribulcd stricily in accordancc with the religious restriLtions or oih¢T restrictions impos¢d on the relevani fund.
They hav¢ also set up an Indowmeni tund for cenain propert1¢5 owned by the Charity.
Th¢ eharity policy on unrestricted ￿ndS is to hold unrestrici¢d funds not committ¢d OT invested in Tangible Fixed Assets to meet 3 10
6 months expendi￿re5.
The current unr¢stricted funds of £2,945.379 noi committed to tangible fixed assets are sutTicient to cover 3 to 6 monihs expenditure.
STRUCTURE, GOVERNANCE A￿'D mANAGEmE￿'T
Governing documcnt
The Al-Klioei Benevolent Foundation was con.$tituted as a charitable trusl with the Charity Commission on 23 Augusi 1989 under
rhe charity number 0802000. It is governed by 8 dced of trust dÈt¢d 15 Augusi 1989.
Recruitment and appointment of nem. tr￿stee5
Tn]st¢C5 are appointed by resoluiion of the existing trustees.
Organisational structure
The charity Iruslees are responsible for the &Tcneral control and [t￿na&TCrnent of Ihe charity.The tnjsiees giv¢ their time freely and
receiv¢ Tho Temuneration or otlier financial bcnefils.
The trustees Ineet iogether as a body and are responsible for 311 dccisions taken in rclolion to the aifairs of The Al-kho¢i Foundation
in ihc United Kingdom. The board is chaired by the Secr¢tary Cjeneral. who is on¢ of the t￿5¢ees.
The irustees s¢¢k spiritual guidance and inspiration in religious mai(ers from both ihe Central Committee and the Prebidenl in
recognition of their religious %tarus. They merely ¢ndLirse religiou5 n12tr¢rs and are not involvcd in daily running of the chariry. They
do noi hawe any influenc¢ over the trusiees.
The C¢ntral Committe¢ is on honorary committce based in ih¢ holy city of Najaf, Iraq.
The prcsidcnt is an HonoTary title given to Ayatollah of the Shia faiili who is also based in Najaf, Iraq.
Inductlon and training of the￿. tru5ttes
Following appainrment, new trustees are introduccd io rheir neiv role and given copies of the trust deed and a guèdc io the policies
and procedures adopted by our charity. A number of publications from the Charity Conynission are a150 provided includinb ihe
guidance on charities and public benefit and on thc advaneem¢nt of the religion foT public benefit. This ¢nsures thai new Iruslees ar¢
awaTe of the scope of their responsibilities under the Charities Act. Initially, n¢w tTUStees work with existing ftwste¢5 assisiing on
particular aciiviti¢s and projects run by the Charity. After salisfaciory feed back fri)m existing Irusicc5 they are then given the task of
leading a particular activity or project, r¢porting progress at trustees, meeting5.
REFERE￿CE AND ADMINISTRATIVE DETAILS
Rtgi5tered Chjrih. nujnber
802000
Principal addresi
Cheveninbw Road
London
NW6 6TN
Page 4

The Al-Khoei Benevolent Foundation
Re
ort of the Trustees
for the Year Ended 31 Au
ust 2024
Trustees
Mr S S Khoei
Ir S F H Milani Idecea5¢d 2.9.2024)
Mr S M H Faghihe-moussavi
Dr M E Mesbahi (appointcd 22.4.2025)
AuditOTS
M¢rali'5
Chariered Accounlanis & Siatutory Auditors
Scollish ProvJd¢nt House
76-80 Collegc Road
Ha￿oW
Middles¢x
HAI IJ3Q
STATEMENT OF TRUSTEF.S' RESPONSIBJLITIES
The trustees are r¢sponsible for preparin& the Report of the Truslees and the financial Slal¢m¢nts in accordance with applicable law
and United Kingdom Accounting Standards (Unitcd Kingdom Gen¢rally Accepted Accotsnting Praclice).
The law applicable to chariti¢s in Ingland and Wales, the Charities Act 2011, Charity (Accounts and Reports) R¢gulalion$ 2008 and
the proi'isions of rhc trust deed requires The Irustees to prepare financial statements for cach financial year wl)ich give a tru¢ and fair
view of thc state of aftairs of the charity and of the incomin&7 icsources and application of resources. includinb ihe income and
exp¢nditUTe. of the charity for that period. In preparing those financial slAlemcnts, the tNslees are required to
5¢1ect suitable accovnting policies and then apply them consisiet]tly,'
observe the methi)ds and principles in the Charity SORP..
make judLyem¢nls and esiimaies thal are reasonable and prudent.,
state wheihcr applicable accounting standardb have been followed. subjeci to any material departUTes disclosed and explained in
the financial siatemenl5;
prepare Ihe financtal stateinenls on the going ¢onccrn basis unless il is inappropriate to prcsuin¢ that the chariiy will coniinue in
busine%s.
Thc trustees are rcsponsiblc for keeping propeT accounting record5 which disclose with Itas()nabl¢ accuracy ai any lime the financial
posiiion ol the charity and io ¥nablc th¢m to cnsure ihat Ihe linancial .%tatements comply M'ith the Charitres Act 201 I, the Charaty
IA¢counis and Reporfs} Regulation5 2008 and the provisions of the trusr deed. They are also r¢sponsible lor safeguarding the assc¢s
of the charity and hence for iakiTrg r¢asonable steps for the prevention and deiection of fraud and other irreguldrili¢5.
Approved by order ofihe board of trustees on 30 June 2025 and signed on ils behalf by-
Dr M E Mesbahi - TTUSteé
Page 5

Re
ort of the Inde
endent Auditors to the Trustees of
The Al-Khoei Benevolent Foundation
Opinion
We have audiied ihe financial staiemenls of The Al-Khoei Benevolent Foulldalion (the charity.) for thc year ended 31 August 2024
which con)prise Ihc Statcmenl of Financial Aciii'iiies. the B21ance Sheet, th¢ Cash Plow Statement and notes to the financial
stat¢ni¢nts. includingT a summary of si&mificani accouniin&' policies. The financial reportinbF framework thai has been applied in their
preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting
Practice).
In our opinion the financial statemenrs..
givc a trne and fBir view of the state of th¢ charity's aftairs as at 31 Au&iust 2024 and of lis incoming resources and application of
rcsouTces. for th¢ ycar ihen ended,.
have been properly prepared in a¢cordance witl) Unit¢d Kingdom Generally Accepted Accounting Practice- and
have been PT¢pared in ac¢ordan¢e with the requir¢ments of the Chariti¢s Act 2011.
Basis for opinitsn
We conducted our audit in accordance with InteTnalional Standards on Audiiing (UK) (ISAS (UK)) and applicable law. Our
Tesponsibilities under those standards arc further described in the Auditors, Tesponsibilities for thc audii of the financial slatements
seciion of our report. W¢ are independent of th¢ charity in accordance with thr eihi¢al Tcquirements that are relei'ant to our audit of
the financiol statements in Ihc UK. including the FRC.'s Eil)ital Standard, and we Iiav¢ fulfilled our oih¢r ethical reNponsibililies in
accordance wilh these rcquircmcnis. We believc that rhe audii evid¢nce we have obtaincd is sutlicient and appropriaie to provide a
basis for our opinion.
Conclusions relatlng to going c&ncern
In auditing the financial siaiement5, we have concluded that the tjustees, use of the ¥oin¥ concern basis of accounting in the
pr¢paration of ihe financial stateTnents is appropriate.
Based on th¢ work we hav¢ perfomied, we hav¢ not identified any material uncertainli¢s relating to ¢vcnls or conditions thai.
individually or eollectively, rnay cast significant doubt on the charity's ability to continu¢ as a going concern for a period of at leasi
twelve months from when ih¢ financial staivn)enls arc auihorised for issu¢.
Our responsibilities and the responsibiliti¢5 of the tNstees ￿Trth rt5peci io goitJb* concern are described in the relevant sections of this
repon.
olhor informatio
Th¢ tTusiees arL responsible for the oth¢r infornulion. Th¢ other infom)aiion comprises the inforniation included in ihe Annual
Report, other than th¢ financial statements and our Report of the Independent Auditors thereon.
Our opinion on the financial stat¢mcnts does not cov¢r the other inforn)alion and. except to the exteni oihenvrse explicitly stated in
our report, we do not express any fom] of assurance conclusion thereon.
In connection with our audit of the financial stateii)ents, our responsibility is to read the othcr inforn)ation and, in doing ￿0, consider
wheth¢r the other information is malerially inconsisieni wilh th¢ financial staiemenls or our knowlcdgFe obtained in the audit tsr
othenvisc appears to b¢ materially misslaled. If we identify such matcrial intonsist¢n¢ies or apparent material missial¢mcnis. we arc
required to derermine wheiher tbis Lyives rise to a n)aierial niisstatemeni in the financial siarements themselves. If, b85ed on th¢ work
w¢ have performed, we conclude thal thcrc is a niaierial Tnis%tatement of thi5 other infonnation, we are required to report that fact.
W¢ have nothing to r¢port in this regard.
Matters on M'hich M'e are Tequired to report bv exception
We hav¢ nothing io repon in rcspeci ol'the following matters wh¢rc the Chariites (Accounts and Reports) Regulations 2008 require5
U5 to repon io you if. in our opinion..
the infom)#lion given in the Report of the Trustees is inconsistent in any mat¢rial respect with th¢ financial statem¢nts'. or
sufficient accounting records hav¢ not been kepi. or
Ihe finaneial statcinenls ale not in agreenieni ivith thc accounting record5 and ietums,. or
we have not received all the inforniaiion and explanations we require for our audit.
Responsibilltles of trustees
As cxplained mtsre fi]Ily in the Staten)cnt of TTusiees' Responsibilities. The trust¢¢s are responsible for the preparation of ihe financial
Slatenicnis which &TiVC a Irue and fair view, and foi such internal control 05 the iNsiees dcleri))ine is necessary to enable the
pr¢paralion of financial st411eillenls Ihat are frtt from malcrtal misslalement, whether due io fraud or em)r.
In preparing the financial Slalem¢nts, the Irusiees are r¢sponsible for assessing the charity's ability to coniinu¢ as a going concern.
disclossng, as applicable. mattcrs Telared 10 going eonc¢rn and using the going concern basis of accouniin&i unlcss the trustees either
intend to liquidate the charily or to cease operations, or have no realistic aliemative but to do so.
Page 6

Re
ort of the Inde
endent Auditors to the Trustees of
The Al-Khoei Benevolent Foundation
Our re5pon5ibilitie5 foT the audit of the financial statements
Wc havc be¢n appoint¢d as ayditois under Section 144 of the Cha¥ities Aci 2011 and report in accordance with the Act and relevant
rebFulations made or having effect th¢reund¢T.
Our objectives are (o obtain rcasonablc assuran¢c aboui whcthcr thc financial stat￿MentS as a whole are free from matcrial
InLSStalement. whether due to fraud or error, and lo issuc a Report of the Indcpcndent Audilor5 that includes our opinion. Reasonable
a5.%ufdn¢e is a high level of assurance. bui is noi a guaraniee ihai an audii conducled in accordance with ISAS {UK} will always deieci
a material misstatement when it ¢xists. Misstat¢menlS can arise from fraud or error and are considered material if. individtsally or in
the aggrcgate. they could rca%onably b¢ ¢xp¢cted to influene¢ the ¢conomie deeisivns of users iaken on ihe basis of these financial
siaiements.
The extent to which our procedures are capable of detecting irrcgularities, including fraud is dctsil¢d below..
W¢ idenlify and ass¢ss tlie risks of niaierial misslatement of the Financial state￿]ents, w'hether due to fraud or error. and then design
and perfomi audit procedures responsive to thDse risks, including obtaining audii eifidence thai is sufficient and appropriate to
provide a basis for our opinion.
Identifying and assessing potential rl%ks related to irrtgularlties
In identifying and assessing risks of malcrial misstatcment in rcspcct of iTr¢gulariti¢s. tncluding fraud and non-compliancc witli laws
and regulations, OUT procedures included the following..
eE]quiring ol. managenierti and Iruslees including obtaining and reviewing supporting docutnentation conccrning the charIt￿S
policies and procedllres relating io..
identifying, evaluaiinbT and complying with laws and rebyulations and whether they were aware of any instances
Don-complianee.,
detecting and responding to the risks of traud and whether they have knowledtse ot'any acNal. suspecied or alleged traud,.
Ihc inlemal controls ¢slablished to mitiga1¢ risks relat¢d to fraud or non-compliance M'ith laws and regulaiions;
performing analjiical procedures lo identify any unusual OT unexpected relationships that may indi¢at¢ risks of material
mis5taten*ni due 10 fraud.
discussing among th¢ ¢nga¥emenl ieatn regarding how and where fraud ini¥hi occur in the financial slalements and any poiential
indic4tor5 of fraud.
obtaining an understanding of thc legol and rcgulatory frainework (hal the charity operales in, focusing on Ihosc laws and
regulations ihal had a dircci ¢ffect on tlJ¢ financial statements or that had a fundamenlal effeci on the operations of tlie charity_ Th
key laws and rebFulaiions we considered in this coniext included ¢he Charitics Aci 2011 and ChaTlti¢s SORP (FRS 102).
Audit response to risks identified
As a result of perforn)ing the above. we ideniificd managenient nverride of controls, r¢v¢nu¢ r¢¢ognitian including occurrence and
classilication of donation and school income and the occurrence and classification of donation paym¢nis as k¢y audil malters.
Our procedures to respond to risks Identified included the following..
In addressing Il)¢ risk of fraud thTough n)anagemeni override of eonirols. testing the appropriatenebs of joumal enlries and other
adjustment5. a55e55ing wh¢ther lh¢ jiidgements rnade in making aecouniing esiimaies are inditative of a poienrial bias. and evaluating
the cliarity'5 rational¢ of any Significant tran%aciions tl)at are Linusual or ou15ide ihe noFmal course of business.
Substanlive teslin&F on donation in¢om¢ and school incom¢.
Substantive iesiing on donation paymenis io ensure such payments are properly authorised, paid in accordanc¢ with ihe purpose and
condilion5 of grants (no misapplicaiion of resiricied funds}. paymenis are M'ithin the objectii'es of the charity and accurate allocalion
across fijnds.
A further dcscripli()n of our responsibilities for the audii of Ihe financial statements ig locaied Lin ihe Financial Reponing Council's
website at Msryv.frc.org.uWaudiiorsiesponsibiliiies. This descriprion lornis pan of our Repott ot rhe Independcn1 Audirors.
Page 7

ort of the Inde
endent Auditors to the Trustees of
The Al-Khoei Benevolent Foundation
se of our report
is r¢port is mad¢ solely io the chariiys trllstees, as a body, in accordance wilh Part 4 of th¢ ChariiEes IAc¢ounis and Rcportsl
egulalions 2008. Our audit w'ork has been undertaken so Ihdl we mighi slate lo rhe charity's trustce5 those matters we arc requircd to
ie 10 them in an auditor5, report and for no oiher purpose. To the lullesl exienl perniittcd by low, w¢ do not accept or assume
onsibility to anyone othcr than the chaTitv and tlic ¢harity'S trustees as a body. for our audit WOTk, for this report. or for the
we have forn)ed.
Chartcre
Scottish P
76-80 Colle
Harrow
Middlc%x
HAI IBQ
cc
iants & St
t House
e Road
utory Auditor5
30 Jun¢ 20
Page 8

The Al-Khoei Benevolent Foundation
Statement of Financial Activities
for the Year Ended 31 Au
ust 2024
2024
Total
funds
2023
Total
funds
Unrestricted Restricted Endowment
funds
funds
fund
-Notes
INCOME AND ENDOWMENTS
FROM
Donations and legacȢs
715,655
122,576
838.231
712.985
Charitable actiiryties
S¢hDnls opcraiions
Nursery Operations
1.481,330
152,390
1,481.330
152,390
1,557,815
137,273
21.865
DFID
Inve5tJnenl incon)e
Other income
13.641
2.189
13.641
2,189
Total
2.365.205
122.576
2,487.781
2.429,938
EXPENDITURE ON
Charilable activitie5
Schools operalions
Grants and Donations
Support costs
Nursery Operations
DFID
1.646.572
676.145
319,915
127.070
1.646,572
780,500
366.924
127.070
1,626,342
584,095
390,230
103.137
6,557
104,355
6,952
40.057
Total
2.769.702
111,307
40.057
2,921.066
2,710,361
NET
IINCOMEI(F.XPETr4DITURE)
Transfer¥ between funds
1404,497)
(263,7131
11.269
(102,723)
{40,057)
3()6,436
(433.285}
(280,423)
15
Net movement in funds
1668,210)
{91,454}
326.379
(433.285)
(280.423)
RECONCILIATIOfi OF FUh'DS
Total tunds brought forward
3,676,597
132,646
6,050.989
9.860,232
10.140.655
TOTAI. FUNDS CARRIF.D
FORWARD
3.008,387
41.192
6,377,368
9,426.947
9.860.232
The notes fonn pan of these financial statements
Page 9

The Al-Khoei Benevolent Foundation
Balance Sheet
31Au
ust 2024
21124
Total
funds
2023
Total
funds
Unrestricted Restricted Endowment
funds
funds
fund
Notes
FIXED ASSETS
TaEhgible assets
12
63,009
6.377,368
6,440,377
6,064,680
CURRENT ASSETS
Debtors
Cash at bank and in hand
13
163.053
3,233.804
163,053
3,307,552
187,752
3,989,594
73,748
3,396,857
73,748
3,470,605
4.177.346
CREDITORS
Amounts falling duc within one year 14
(451,479)
{32,556)
{484,0351
(381.794)
NET CURRENT ASSETS
2,945,378
41.192
2,986,570
3,795,552
TOTAL ASSETS LESS
CURRENT LIABILITIES
3,008,387
41,192
6.377.368
9,426,947
9,860,232
NET ASSETS
3.008.387
41,192
6,377,368
9.426,947
9.860.232
Unrestricted funds
Restricied fvnds
Endowment ￿ndS
3.008,387
41.292
6,377,36S
3.676.597
132.646
C),050.989
TOTAL FUIYDS
9,426,947
9.860.232
Tbe linancial siaiem¢nts w¢r¢ approved by the Board of Trustees arLd authoriscd for issue on 30 June 2025 and w¢re signed on its
half by..
Dr M E Mesbahi - Trustee
Tl)e notes forn] part of these financial statements
Page 10

The Al-Khoei Benevolent Foundation
Cash Flow Statement
for the Year Ended 31 Au
ust 2024
21124
2023
Notes
Cash flows from operating activities
c.ash generated from opcrdtions
(259,074)
{293.953)
Net cash used in operating activities
(259,074)
(293,953)
Cash flows from investing gctivities
Purchase of tangible fixed abseis
Int¢resi received
1436,6091
13,641
(1.9051
Net cash used in investing aetiviiies
{422,9681
(1,905)
Change in cash and cash equii'alents In the
reportimg period
Cash and cash equii'alents •t th¢ b¢giDni￿g of
the reporting period
{682,042)
1295,858)
3.989.594
4,285,452
C#5h and eash equlvalents at the end of the
reporting period
3,307,5S2
3.989,594
The notes form part of ihese financial statements
Page 11

The Al-Khoei Benevolent Foundation
Notes to the Cash Flow Statement
for the Year Ended 31 Au
ust 2024
RECONCILIA TION OF NET EXPEfs'DITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES
2024
2023
Nf l expenditur¢ for the reporling period (a5 p¢r the Statement of Financial
Aftivitie5)
Adjustments for".
Depreciation charges
JnteTest received
Decrea.%e tn debtors
Increaselldecrease) in credators
(433,285)
{280.423}
60.912
113,641)
24,699
102,241
50.015
53.072
(116,617)
Net cash used in operations
(259,074}
(293.953)
Af4ALYSIS OF CIIANGES IN NET Fu￿Ds
At 119123 Cash flow At 3118124
Net cash
Cash at bank and in hand
3,989,594
(682,042)
3.307.552
3,989,594
(682,042)
3.307.552
Total
3,989.594
1682,0421
3.307,552
The notes forni part of these financial statements
Page 12

The Al-Khoei Benevolent Foundation
Notes to the Financial Statements
for the Year Ended 31 Au
ust 2024
ACCOUNTING POLICIES
Basis of preparing the finaM¢Éal s1?ternents
The financial siaternents of ihe Lharity. which 15 0 public benefit entity under FRS 102. have been prepared in accordance
with the Charities SORP IFRS 102) 'Accounting and Reporting by Charities.- Siaiemeni of Recommended Practice applicable
to charities prcparingT thcir accounls in ac¢ordanLe wirh rhe FinanLial Reportinb Standard appli¢abl¢ in the UK and Republi
of Ireland (FRS 102) (¢ff¢cliv¢ l January 20191,. Finiincsal Reporting Standard 102 Th¢ Financial Reporting Standard
applicable in the UK and Republic of Ircland, and the Chariiies Act 2011. The financial statem¢nts hav¢ becn prepared undcr
the historical cost convention.
Income
All inconie is recognised in the Statein¢nl of Financial Attivilies tsnce the charily has enlitlemenl lo the funds. it is probable
thar the income wryll be receivcd and th¢ amount can bc measured reliably.
Expenditure
Liabililieb are recognised 35 cxpcnditure 3$ soon as there is a legal or consinjctive obligation coinmitting th¢ chariry to Ihat
xpenditur¢, Lt is probable thal d iranscer ofeconomic benefits will be requir¢d in 5¢ttlement and the amounl of the obliLFalion
can b¢ measured relidbly. Expenditure ib aLcounted for on an accTuals basis and ha5 been classified under h¢adings that
aggrcgat¢ all cosi relat¢d io the category. Where costs cannot be dircctly attributcd to particular headings th¢y hav¢ b¢en
allocated to activitlcs on a basi5 consistenl wilh the us¢ of resources.
Grants offered subject to conditions whi¢b have noi been mct ai the year end date are noied as a commitment bul not accrued
as expenditure.
Charitgble activities
Charitable activiiies cost comprises all the operalTng expen.ses for ils chariiable activities like School, Nursery. DFID and
general disbursements of grants and donations.
Grants and donations represent donation paid out accordance with the Charity's objectives.
DFID is a res¢arch piojeci which Al-Khoei is engaged in by InstÈlute ol Dcvelopinenl SttEdies io gather Inforn￿tIon and
caryy out res¢arch work on shia muslim minorities in various counrries around ihe world.
School and nursery costs rcpresent the totdl direct costs for running and maintaining both the scliools and Tbuf5ery.
Allaration and apportlonment of eosts
Support cost include administrative Losi relaies to the foundation and liav¢ bccn allocated to attivity cost cal¢8ori¢s on a
basis consistenl with the usc ot'r¢sourees.
Intangible assets
Intangible assets are stat¢d at inittal cost less any pemianent impairn)ents.
Tangible fixed assets
Tangible fixed assets ale slated ai cost less accuii)ulaled depreciation.
Dcprcciation 15 provided al the follow'inb) annual rares in order to ￿TIle off each asset over it5 ¢Stimat¢d uscful life.
Frc¢hold propcrties in London
Freehold properiies in Swans¢a
Freehold property in Manchester
School Equipment
Fixtures and fittings
Office equipment
Cost of building over 50 y¢ars
Cost of buildinb? over 25 years
Cost of building over 15 years
20V/o Oll Cost
150/0 on cost
20°/0 on cost
Fund accounting
Unrestrictcd incom¢ fiTrnds comprise those ￿ndS which the trnsiees are free to use for any PUTPOSC in fvrtherance of thc
chariiable objeciives.
Restricied ￿ndS are funds which arc to be used in accordance specific resiriciions imposed by the donors. Resiriciions
arise when specified by the donor OT wh¢n funds ar¢ raised for particular reblricied purpLises.
Endowmeni fund iepresenis the properties held by the charity and depreciation relatinb to (he property are chargT¢d abTainst
the fund.
Page 13
continued...

The Al-Khoei Benevolent Foundation
Notes to the Financial Statements - continued
for the Year Ended 31 Au
ust 2024
ACCOUNTING POLICJES- Continued
ForeigD curreneies
Asseis and liabililics in foreign currencics ar¢ translated into slerling at ihe rates of exchange ruling ai the balance shcet date.
Transactions in foreign currencies arc translated into sierling at the rate of exchange ruling at the dale of transaction.
ExchanLT¢ differences are taken into accouni in arriving at the operating result.
Covernment granls
Grants are a¢counied for under the a¢¢Nals model pemiitled by FRS 102. Grants Of revenue nalurc are recgLmised in ihc
Stat¢Tneni of Financial A¢livili¢$ in the same period as th¢ related expendilure. Any atcrued elements of grants is included iti
dcbtors as accrued income.
Golng concern
Trustees believe ihal ihe chariws financial siatements should be prepared on a going concern basis on the grounds that
CUfTent and future sources of funding or suppor1 will be mor¢ tlian adLquale for th¢ charity's needs. Trustces have consid¢r¢d
Ihe operational and financial factor5 for a period of Nclvc nionih5 froni the dale of approval of Ihc financial statemcnis.
For the above reason, the trustees coniinue to adopt th¢ going concem basis in preparing ihese financial statements.
DONATIONS AND LEGACIES
2024
2023
Donations and Religious du¢5
Gifi aid
819.099
19.132
694,871
18,114
838,231
712,985
INVESTMENT IS¥COME
2024
2&23
Deposit account interest
13,641
INCOME FROM CHARJTABLE ACTIVITIES
2024
2023
Activitv
Schools op¢rotions
Schools opcrations
Nursery Operations
DFID
School & Nursery Fee In¢ome
School Other Income
School & Nursery Fee Incoin¢
Grant - DFID
1,376.860
la4,470
152,390
1.452.783
105,032
137.273
21,865
.633.720
1.716.953
CHARITABLE ACTIVITIES COSTS
Grant
funding of
activities
(see note
Support
costs (see
note 7)
Direct
Costs
6)
Totals
Schools operations
Granis and Donations
Support costs
Nursery Opcrations
1,646.572
1,646,572
780,500
366,924
127.070
780.500
84.OSO
127.070
282.844
1.857.722
780.500
282.844
2,921.066
Page 14
continued...

The Al-Khoei Benevolent Foundation
Notes to the Financial Statements - continued
for the Year Ended 31 A
ust 2024
GRANTS PAYABLE
2024
2023
Giants and Donations
780,500
584,095
Th¢ total granis paid to ins¢itutions during the y¢ar WCTe £680.467 (2023 £557.416)
SUPPORT COSTS
Management Finance
Other
Totals
Support costs
217,187
11.477
54,180
282,844
Support Costs, included in the above. are as follows..
Management
21124
Support
costs
21123
Total
activities
Wages & salaries- Foundation
Ratcs and water
Light and heat
Telephone
Poslage and siaiionery
Trdvelling
Sundries
Atcountancy and audit fees
Publication Cxpcnses
Repairs & Maintertance
Subscriptions
Subsistence
Advertisin
Book keeping fees
LebFal L. professional fees
119,540
1.251
10.208
3,177
62
4.152
714
13.000
3.410
790
4.013
396
6.256
21.000
29,218
159,995
638
8.792
1271
407
3.781
22
11,600
6.152
1,605
2.826
915
3,467
16,000
16.445
217,187
233,916
Finance
2024
Support
costs
2023
Total
activities
Bank charges
FOreI￿Tn exchan¥ie10551{&Tains)
1.444
10,033
1,326
566
1,477
1.892
Page 15
continued...

The Al-Khoei Benevolent Foundation
Notes to the Financial Statements - continued
for the Year Ended 31 Au
ust 2024
SUPPORT COSTS - contlnued
Other
2024
Support
costs
21123
Total
activities
D¢prcciaiion of tangible fixed assets
54,180
44,292
TRUSTEES, RF.MUNF.RATION AND BLNLFITS
There were no Injbiees. remuneration Dr other ben¢fits for the ycar ended 31 August 2024 nor for the year 31 Augusi 2023.
Trustees. expenses
There were no trustees, ¢xp¢ns¢s paid for the year endcd 31 August 2024 nor for ihe year ended 31 Augusr 2023.
Sl'A Tr"b" COSI'S
The lolal wages and salarics for th¢ year wos as follows
31108124
31108123
Foundalion
Mosque
School
Nursery
79,038
40,502
1,264.061
113,531
132.346
39.039
1.211,524
97,723
1.497.132
1,480.632
Th¢ av¢rage number of employees during the year was as follows
31108124
31108123
12
Foundation
Mosque
School
Nursery
63
10
61
85
85
There were 8 average number of volunteers dyring the year.
No employees received emolunienis in excess of £60.1)00.
io.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Endowment
funds
funds
fund
Total
funds
INCOME AND Eh'DOWMENTS FROM
Donations and leba¢i¢s
417,845
295.140
712,985
Charitable activitles
Schools operations
Nur&ery Operations
DFID
,557,815
137,273
1,557,815
137.273
21,865
21,865
Total
2.112.933
317,005
2.429.938
EXPENDITURF. ON
Charltable attivities
Schools operalions
1.626,342
1,626,342
Page 16
continued...

The Al-Khoei Benevolent Foundation
Notes to the Financial Statements - continued
for the Year Ended 31 Au
ust 2024
10.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - £ontinued
Unrestricted Restricted Endowment
funds
funds
fund
Total
funds
Grants and Donations
Support costs
Nursery Operations
DFID
343.567
349.626
103.137
240,528
3,991
584,095
390,230
103,137
6.557
36.613
6,557
Total
2.422,672
251,076
36,613
2,710,361
,YET INCOMEI(EXPEP*'DITURE)
{309.7391
65,929
(36,613}
1280,423)
RECONCILIATION OF FUNDS
Total funds brouglil forward
3,986,336
66.717
6,087,602
10.140,655
TOTAL FUM)S CARRIED FORWARD
3,676,597
132.646
6.050,989
9,860.232
ii.
INTANGIBLE FIXED ASSLTS
Trademarks
COST
At I Septetnber 2023 and 31 August 2024
3.450
AMORTISATIOPI
At I September 2023 and 31 August 2024
3,450
NET BOOK VALUE
Ai 31 Augusi 2024
Al 31 Augusi 2023
12.
TA￿GIBLE FIXED ASSF.TS
Fixtures
and
rittings
Freehold
School
properties Equipments
Office
equipment
Totals
COST
At I Scptember 2023
Additions
6.877,468
366.437
284,122
299.504
15,026
518,012
55.146
7,979.106
436.609
At 31 Augusi 2024
7,243,905
284.122
314,530
573,158
8,415,71S
DEPRECIATION
Al I Scptcmb¢r 2023
Chargc for ycar
826,479
40.058
284,122
291.437
6.731
512.388
14.123
1.914.426
60.912
At 31 Augusi 2024
866.537
284.122
298,168
526.511
1.975,338
NET BOOK VALUE
Ai 31 August 2024
6.377,368
16.362
46,647
6,440.377
At 31 August 2023
6,050.989
8,067
5,624
6,064,680
Included above in total nct book value is cost of land amounting to £5,457.496 (2023- £5,252.160}.
Page 17
conlinued...

The Al-Khoei Benevolent Foundation
]Notes to the Financial Statements - continued
for the Year Ended 31 Au
ust 2024
13.
DEBTORS: AMoufiTS FALLING DUE WITHIN ON'E YEAR
2024
21123
Trade debtors
Oihci debtors
Inler-funds tempordry balances
Prepaymenis
43.305
60.559
32,557
26,632
87.873
41.089
34,657
24.133
163.053
187,752
14.
CREDITORS: AMOU,YTS FALLING DUE WITHIN ONE YEAR
2024
21123
Tradc r￿dItOrS
Social sc¢urity and othcr taxes
Other creditors
Inter fund ALKW
Inter fijnd DFID
Inter fund SADAAT
D¢ferrtd incom¢
Accru¢d ¢xp¢ns¢s
53,256
17.259
7.809
14.541)
37.098
50,490
20,541
384
7,101
130.278
(102,7231
256,035
19,688
352,417
20,737
484.035
381,794
15.
MOVEMENT IN FUNDS
Net
movement
in funds
Transfers
betiTreen
funds
At
3118124
At 119123
Unrtstrleted funds
General Fund
Khums S¢h¢m Imam
Khum.% S¢h¢m Sadaat
3,374,573
302,024
{395,0091
111,2371
1.749
(366,436)
2.613,128
290,7R7
104,472
102.723
3.676,597
14(14,497)
1263,713)
3,008.387
Rcstricted funds
Seheii) Sadaat-closed
Al-Kawthar/Orphans & Widows
DFID Fund
102,723
12,521
17,402
{102,723)
11,269
23,790
17,402
l i2,646
11,269
{102,723)
41.192
EndoTh'm¢Rt fund$
Endowi)cnt Fund
6,050,989
(40,057)
366,436
6,377,368
TOTAL Fuf*DS
9.860.232
1433.285)
9,426.947
Page 18
continued...

The Al-Khoei Benevolent Foundation
Notes to the Financial Statements - continued
for the Year Ended 31 Au
ust 2024
Is.
MOVEMENT IN FUN'DS- conlinucd
Net movement in funds, included in the 8bov¢ ar¢ as follows..
Incoming Resources Movement
resources
expended
in funds
Unrcslricted funds
G¢Deral Fund
Khums Sehem Imam
Khums Sehem Sadaat
2.169,592
193.864
1,749
(2.564.601)
{205.101}
(395.009)
(11.237)
1,749
2,365.205
(2,769,702)
(404,4971
Restricted funds
Al-Kaw(hailOrphans & Widows
122.576
(111,307)
1,269
Endowment funds
End0￿￿)ent Fund
140,057)
{40.057}
TOTAL FUNDS
2.487,781
{2.921,066)
{433.285}
Comparatives for n￿vement in funds
Net
movement
in funds
At
3118123
At 119122
Unre$tri£ted funds
General Fund
Khuins Sehem Iinain
3,654.664
331.672
1280.091)
(29.648)
3,374,573
302.024
3.986.336
(309,739)
3,676,597
Restricted funds
Sehcm Sddaat-closed
AI-Ka￿har1orPhans & Widows
DFID Fund
53,692
10.931
2.094
49.031
1,590
15,308
102,723
12,521
17,402
66.717
65,929
132.646
Endow'ment funds
Endowment FuT]d
6.087,602
{36,613)
6.050.989
TOTAL FUNDS
10,140,655
(280.4231
9,860,232
Pagc 19
continucd.-.

The Al-Khoei Benevolent Foundation
Notes to the Financial Statements - continued
for the Year Ended 31 Au
ust 2024
15.
MOVEMENT IN F11Tr4DS- ¢ontinutd
Comparative nei movement in fimds, included in the above are as follows..
Incoming Resources Movement
resources
expended
in funds
Unrestricted funds
General Fund
Khums Sehem Imam
2.012.971
99,962
{2,293.062)
1129,6101
1280,091)
(29,648)
2.112.933
12,422.672)
(309,7391
Restricttd funds
Sehei)I Sdd#al-closed
A1-Ka%￿h￿rIOrpIlanS & Widows
DFID Fund
99,963
19.5,177
21.865
150.9321
(193,587)
16,557)
49.031
1.-$90
15,308
317.005
(251.0761
65,929
Endowment funds
Endowmcnt Fund
(36,613)
(36,613)
TOTAL FUNDS
2.429.938
12.710,361)
{280.423)
A curTeni year 12 monihs and prior year 12 month5 combined position is as tollows..
Net
Transfers
movement between
in funds
funds
At
3118124
At 119122
Unrestrietcd funds
Gcnerol Fund
Khums Schem Imam
Khums Sehem Sadaai
3,654,664
331,672
1675.100)
{40,885)
1.749
(366,436}
2,613,128
290,787
104,472
102,723
3,986,336
1714.2361
{263.7131
3.008,387
Re5tricled funds
Sehem Sadaat-closed
Al-Kawohar/Orphans & Widows
DFID Fund
53.692
10.931
2.094
49,031
12,859
15.308
(102,723)
23,790
17,402
66,717
77.198
(102.723)
41.192
EndoKmeni funds
End0￿￿￿ent Fund
6.087.602
{76,6701
366,436
6.377,368
TOTAL FUNDS
10.140,655
(713,708}
9,426,947
Pagc 20
continued...

The Al-Khoei Benevolent Foundation
Notes to the Financial Statements - continued
for the Year Ended 31 Au
ust 2024
15,
14IOVEMENT I.N FUNDS- eontinucd
A current year 12 months and prior y¢ar 12 months combined ne¢ movement in tiinds, included in the above are as follows..
Incoming Resources Movement
resources
expended
in funds
URr¢striettd fund$
GeneFdl Fund
Khums Sehcm Imam
Khum5 Sehein Sadaat
4.182.563
293.826
1.749
14,857,663)
1334,711)
{675.100}
(40,885)
1.749
4.478,138
15.192.374)
1714,236)
Rertrl¢ted funds
Sehem Sadaai-closed
Al-KaurtharlOrphans & Widows
DFID Fund
99,963
317.753
21.865
{50.932)
(304,8941
(6.557)
49,031
12,859
1 S,308
439,581
1362,383)
77,198
Endowment funds
Endowneni Fund
{76,670)
(76,670)
TOTAL FUNDS
4,917.719
(5,631.4271
{713,708)
The endoMrynent fund represents nel book value of certain freehold piop¢rties.
Thc Unrestricted ￿ndS are the receipts and expenditure of thc charity for its objectives without specific restriction on lis use.
It is rcpresenled by the charities nei cutteni and its oihcr tangiblc assets.
The Restricted funds ale specific funds for spe¢ific purposes. The balance is represenled by nei relevant eurr¢nt assets and its
other tangible assei5..
16.
EMPLOYEE BENEFIT OBLIGATIONS
The chariry operates a delined ¢ontribution p¢nsion scheme. The charity conmbuied in pension £20,216 12023.. £17,384)
during the year.
17.
RELATED PARTY DISCLOSURES
There were no related parry transactions for the ycor cnd¢d 31 Augusi 2024.
Page21

The Al-Khoei Benevolent Foundation
Detailed Statement of Financial Activities
for the Year Ended 31 Au
ust 2024
2024
2023
INCo￿lF. AND ENDOWMENTS
Donations and legacies
Donations and Religious ducs
Gift aid
819.099
19,132
694.871
18,114
838,231
712,985
Ini'estment Ineornt
Deposit account int¢r¢st
13,641
Charitable xctivltie$
School &. Nursery Fee Income
School Oth¢r Incom¢
Grant - DFID
1,529,250
104,470
1,590,056
105,032
21,865
1.633.720
1.716,953
Other income
Other income
2.189
Tolal incoming Tesour£es
2,487,781
2.429,938
EXPEYDJTURE
Charitable aetivitje5
Misc school expens¢s
Printing po8￿g¢ & staiionery
Light and heat
Transport and travel
Telephone
Rates
Repairs & Maintenance
Leb*al & Prolessional
Wages & saldri¢s - School
Bank tharg¢s and interest
D¢pr¢ciation
Cleaning
Insurance
Siaff Training
Misc nursery expenses
Wages & Salaries - Nursery
Subscription
School meal - expenses
Saturday school expenses
Wag¢% and salaries - DFID
Travelling- DFID
Legal & prof. fees- l)FID
Swansea Mosque expenses
Sernion fo(yd
Iraq Expenses - DFID
Donaiions to insiilulions
Carried fonvard
56,907
30.968
69.231
2.130
8.900
26.849
18.512
90
1.264,061
1,279
6.731
6,554
30,288
36.059
13.539
76,541
16,092
115,667
162
8.293
28,804
26,900
4.192
1,211.524
1,248
5,723
7.584
31,394
26.821
5.414
97,723
15,484
40.787
45.264
5,389
184
427
27,424
46,568
557
557.416
2.403,582
18,468
51,147
47.798
11.740
42.940
680,467
2.538.189
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Page 22

The Al-Khoei Benevolent Foundation
Detailed Statement of Financial Activities
for the Year Ended 31 Au
ust 2024
2024
21123
Charitable a£tivities
Broughi forw3rd
Donaiion payments
2.538,189
100.033
2.403,582
26,679
2,638.222
2.430.261
Support ¢0Sts
managen￿￿t
WabTes & salari¢s- Foundation
Rat¢5 and watcr
Light and h¢at
Tel¢phone
Poslagc and siaiionery
Travellin
Sundries
Accountancy and audit fees
Publi¢alion expenses
Repairs & Maintenance
Subscriptions
Subsisience
Advertising
Book keepin&. f¢e5
Legal & prof¢ssional f¢¢s
119.540
1.251
10.208
3,177
62
4,152
714
13,000
3.410
790
4.013
396
6,256
21,000
29.218
159,995
638
8,792
1.271
407
3,781
22
11,600
6.152
1,605
2,826
915
3.467
16,000
16.445
217.187
233.916
Flnanee
Bank charges
Foreign exchange lossllgains)
1.444
10,033
1.326
566
11,477
1,892
Other
Fr¢chold property
Fixtures and fiiiings
40,057
14,123
36.613
7.1)79
54,180
44,292
Total r¢sourc¢s expended
2.921,066
2.710,361
Net expenditure
1433,285)
1280.4231
This page does not forn] part of the statutory financial statements
Page 23