REGISTERED CHARrrY NUMBER: YJ21N)O Re rtof tlte Trurtee$ and Audlted Flpgn¢i41 Stwte]DeMts tOT theyegr En 31 All￿$t 2025 me￿11.$ chart￿Ed A¢wuntants & StsDJlOry Auditors Scottish Pn)vident Ilouse 7640 aillege Road Harmw Mithll¢s¢x HAI IBQ Tr A￿KhO¢1 B¢nfvoknt Contsknts of the Slatemonts ftr th¢YeaT Ended 31 Au It 2025 Report oftheTrwte¢s I to 5 Rtport of the IndependentAudiiora Statement of FIMAnclhl Athi Balaiee Sheet 10 Flow Ststrm¢Mt Nrtes t• tbt C*sh Statement 12 Notd to the St¥ttmeDts 13 10 21 Detailed Ststemtnl o1Tr1ttAThti*l A¢tivltl¢4 22 to 21 Tbe Al-Kho¢l Benevolent FoundatioD rt olthe Trustees for the Ye4r Ended 31 Au st 2025 The m￿re¢S preseni their rwrt with th¢ fiuwial wt¢m¢nts of the eharity for the year ended 31 August 2025. The ttwtee5 have 8th)Ned th¢ provisions of AttouLittig and R4￿rtIng by ch￿lties,. Statement of Recornm¢nde41 Pracii¢t wli¢able to ¢harih&% prepaTiDg tbeir *Co￿ts ID aCcorda￿e with the Financial Reporting Stslldard appliLxblv ill the UK 8Dd Rwbli¢ or rr¢knd IFRS 1021 l¢ife¢iive l January2019). OBJFThIVES AND ACTMTIKS Objectlyts alms IIK obmts of thecharily as $e( oul in the ¢hariW8 Irustdccd i5 lo advance the 151arnicT¢ligion byajl orany of the following me al Providitw and maintaining mn4ues andTc1igi¢j￿ cenwcs fortheworship of Islami¢religion. b) Teachingatml educalingyowjgmcmbcrs of th¢Tslami¢ ¢ommutJity in th¢ d￿trintS and pJa¢iices trf the TstamicTeli8ion. Strategle8 SI￿lfi¢l#l Activittes Th¢ Charity in wrswnc¢ of its¢lwitable 8im8 and obje¢tive8 ¢lYties i)uta wide r4ngc of adivities irltk foliowLDg s¢¢tors". a)GtheraJ LknitablepuTP05C5 bl Ethic2tion and tr#ininb C) Tr PTeventionor relief of povffly ) R¢]iwtsu$ *iivilies ¢b*ity C￿nCentra￿s its aclivilics AfouDdchilthn andY0￿n¥t￿le. elderly and old Fwk. a[￿ 35 as g¢n¢rni pubhr. Charity 0[￿1￿4 M￿qu¢$ a￿1 religious centres at Bri)ndesbthy ¢ornpl¥x i]] N(xth $Ww￿¢& and Manch8ter. These mosquts are open to the 8enErdl public pl￿¢ of worsh1p for thc followers of Is1¥￿71¢ faith. RctiEthts terttre5 Orgaiiiies various reti8Jous athiviiies atmj fwKtions ¥thdptovides iT￿On￿￿tion to rdise the awaTww of th¢ Isl¥tni¢faith. The njosque ayjd certtre in Manchester 15 CU[rmttyn￿bY The SILia Welfare Association. an ittdepelldertt oryanisation. The c1￿1ty also QP¢Tat¢s A]-Sa4Jiq schwl for b)y& Al-zthta sehwl for girls and Al-GhadEa ￿￿ery (or pr¢ ￿h0o] 8g¢ ¢hil(tr¢D. All these institi)IiOLS Ate li¢ented by the OFSTED and follows UK national ¢wn¢ulwn. Th¢ s¢h(x)15 provi(k fidj eikKation for upto4(X) pupils. Jn addiiior4 pupilsattsnd classes in Islumic studies ind ATubir. which &¢ ￿ arOU￿t¢n pcr¢entsge of pupils time. Crantm*lthig The (Thanry athnLll15knYed collection distiibulion of various rdigious dutg like Khums. Zakat. Sadw4& iu accikn with the leachiDgs of Islamic faith. Th¢ Charity ¢ollecis gtmal donaiioJJs and aTe distributd ill pUr8Vat￿ of the Ch￿ty8 Obj%ti￿$ ￿ 8UPPOrt ed￿lItOrt at)d tr8ikning. Jicf of p0￿rty and v￿10￿ TeligioLs activities. V•ltsrttrtTS We all rnembers of mosques dod ¢¢ntr¢S ¢0 k ujvolved UJ yo]￿tary ￿tIVitieS atyj 10 thare their skills with othets. Vol￿1CcTs w¢ not paid salaries on]y reimbursed ie&sonable out of Frf)ckd expetises such as traY¢l Costs. All vulunte¢rs Wo￿l￿g with thiJ(tsi oioth¢rTrith)¢rabl¢ groups aT¢ CRB checked. ACHIEVEMENTS AND PERFolLM￿￿CE How o¥r a¢llville$ deltvtr ptsblk benefit A wide rfjnge of adiviric¥ 8TC canicd out ill pwsuallce of the clwitsble ainL% obFcl]v&￿ Th¢ trust￿ ¢onsid¢r that th¢se 8¢hVLtits, Auntnariscd below. piovi(k benefit to the widercommunity. Page I Ai.Khoel Ben nt Eound#tloll RtpTrrt of the TTUSte for Ihe Ytar Ended 31 Au st 21125 ACHtEVEMENTS AND PZRFORMANCE ReltElous *¢tivitie (￿r mwues ar¢ open forwayers. w0￿h]P and for theactivilies asso¢iaied WEth The te]ltre5 are open for the widerpublic. During the year undEr review, off¢r a raDg¢ of relwous£thwice$ andxtivilies itKluding'. Prayer Our mosqll￿ arc ayailable daily forptayws to the gen￿[ public of I￿aMI¢ faiikn. We havt hwLthds ofpeople atten(liTh¥ our mosque for prayeJ5. Fésdval¥ M05qu¢x c¢lcbr8le Ramadan and suvc r￿d for those attendin8 our Mosqur5 whu wish 10 bleak theit fast together. We also hold $wial evenls and sc￿e food during Ihe J51ami¢ months ofmuharram aud Safgr i)n the 8ooual commemoniion of the martyrdom of ITnam HNs8¢ill. thc graodwn of PropheiMuhatrnnadlPBUHI. Thc mosq￿ celebrate th¢ birth and wmm¢moTale lh¢ martyth of all Imams of Shi&15hna A5hari faith during they¢8t. We holdweekty g&thering in thc mosques f£tWth5hip, trJycrs andreciEation of swlicarions everyThutsday eveDiDg. C5vll m**ri*ges Th¢ fv1o5qU￿ provide Musbm toupks with an sppropTiat¢ location forththrthvil marriage and Nthkah Ilslami¢ m•rria¥¢l. Qurab elL8se M¢morisalion 8ts1 Te¢itsli(>ll of tbe Qur8D aT¢ conside￿1 impo￿1 elements of r¢ligiou5 education and traiDill& We ¢ontthue TOVi(k r￿llity foryouD8p¢opl¢ iti thtIt1051lU Inter•f￿th tvtsts We encourage and leAd byexampl¢ the wmm¢moTaiionof natiojjal syttklK>lic occasions like R¢mcmbranec Sunday. We oft¢n IM)k1 publi¢ manifc5tation of OUT faith e.g. street wa]ks to ¢omm¢mordle tertain events $u¢h gs th¢ forti￿h day aller the m*￿¢re ￿ Kathal2 IArba¢¢nl or G(*Jd Friday pr(wsion4 al￿ thus &T¢ a signific￿1 oppDrnJtiity ￿ btiild bridges ktw¢eTh th"fftrtnl faiths by commun￿all￿¥the philosopby and winciples they are based upDtt. R¢ligiDUJ dues It i$ part of OUT faith that we should 01T￿ Zakol Khums, and Sadaqat. They llre collwl¢d in ￿¢0T￿a]￿r with thc teaclung of Jslam and distribuied foia nutnbetof specific PUTTK>se5 i￿lUdi￿8 w he]p attd (o fjJrthe¥ the teachin8s of Js] Page 2 Th¢ Al-Khoel Btnevtht Fo*nd*tion rt of the Tntstct* frtr the Yt4r Ended31 Auwts.t 2025 ACHIEVEMENfs AND PERFOILMANCE Commvnlty Attlvilit5 A]-S•dlq Ind AkZAhr* School Well established sehools pmryde primary tdwaiN)t) m a ￿]Xed setttng up to Year 2 a￿L sÈn8le sex edu¢aiion from Ye4r 3 to Y¢aT I L. They are siluated in the distii¢t of BTondcsbwy in the Londi)n Borough of Brcnt and provide ￿lI.t]me edu¢*Aott for up to4(X) pupils The schoDl$ are founthd on Ihc Quran and the teachings of the Proph¢t Mohamtned aDd hi5 p￿gEDY. Through training llj the art or building rotDrnunity relaiionsbips atsd iakiug eifeclive public aciioDS. the schth7Js bavc givert pupil4 the confidto¢¢ to parti￿￿1¢ in public lifc fi>T thc g(xxl of rheircomnymiti¢* Th¢ ScknDI and Nursery aLw offers bursari￿ and di[￿￿￿1 on fees for fgJJ)ilits who ￿¢ tx)i able th afford 10 pay the fiLII f¢es prwid¢d th¢ child demoJJstraies very good academic hk4tory. Thc Sch￿)1 ftcs is setup in a way nol lo¢x¢lud¢ th￿¢ on lowtrincomc. AbGJthrNllMtry W¢ slyive ￿ sUPWrt and provid¢ children with the necessary sknlls lo h¢lp ¢nabl¢ them develop a 8e(NJ foundation in l¢arnins ¢XPr￿sing thcDJselvesthtough play. This in turn helps ¢hJldT¢n to wuir¢ Ind¢￿nd¢￿¢, confJd¢nc¢ and etTettiv¥cotn]nunicalion. Halls Ind rooms r halls and ruumx are llvai18bl¢io us¢by ILKal groups, orgortisations 8nd g)mmunitie& PAson wvice Thr Ch￿lty is a m¢mbcr of th¢ prison Service chaplaincy council actyng as adwsory role for Shia Muslim pnsoners in IIM Pri80ns. It also nominates Sessio]￿ 2nd psrt Shia Chaplait￿ io the prisoTh seTvi£e to supplement ¢h4>1aitt¢y &crvices already offtrcd Muslim pnsollers. Youth Activities The Clarity offers facilities for yothh to gather wd involve in cduc*i(wl and Spo￿ a¢tiviii&s and ¢0 (kvclop the youth to be ¥ove and l&wabidin8 memb¢TS of Ihe cojnrnunily Wothe Women family progratnmc at mosquc5 offer advi¢e and ¢ounscllinB for £ollpl¢s and en7powerin8 women ifh society offerin8 them educaliunal and spons facilities. The Ch#Tity a]¥0 Tuns ats academic aTJn to d¢BI with re5urth ots the Shi# toii)rlluuity alld 4)ther reliwous ¢ommu]Jities rEi5CS comccrns of religiow and cthnic mitt(rfiii&$ at diffeThl fon]m5. Interf*hh tvents Th¢ch￿lty is amemlxrof Failb Fo]u]n forLondon aTrl cmtribuits to 1￿COhe5]￿ 8ZKI th¢needs oftsilh commwiities in Loth. The ChaT]ty is a I]￿￿￿[ ot th¢ R¢liwous E￿￿th0n Council and is tnvolvd in th¢ dcvelopmeni of religiou5 eduration ¢urri¢ulwn and tak&s part in a¢li￿lieS attd ¢tlebralions of other faithsand r¢¥ularly hotds etrjJJM￿ty events and sharing of Illar. Th¢ Charity is Ime of the founding mernb¢r and IK)8ts the offJ¢es of the M05qu rais¢ $&ndaTd5 in rttosqlles a]Ml the tr￿ning ofim8ms. Ctnlre forA¢*dtmfit SI￿ Studl¢s Th¢ acadcmic arm of MINAB (Cl￿5) und¢rt&ku r¢8caffh on Shia and other reli8iOUS tninority Affairs. produecg papers and ￿lefm8 do¢Un￿lS. F￿ANC￿ REv￿w PrllldpAI ￿ndI￿gs0urC*x On¢ of Ihe Chariiy's mwn soutces of irKom¢ is lh¢ ¢ollcclioL of d0tt41ions tsnd religiow4 (lucs frixTh generaj public. DutiO8 the year the Chariry received iotal don&liu￿b alld rcligtous due5 of£574,32712024.. £838.231} Reasonable feL* are char¥ed to 8tudcnts for the pKhiM)Is. During the yesr th¢ Charity geLerntrd total sclLooI income of £1.495.757 12024.. £1.481.3301. The fNmdation also 0]K￿te5 a fee paying nurgery. IXLrill8 ¢he year. Ihe Charity g¢n¢rJled total m￿Sery fee in¢thiv of £150,774 12ts24.. £152.930}. Invtstmtht polley*md obje¢tiv The Churiiy¥ i&*h t&vtves aTe held in ¢utr¢ni and saityng bank aLwunts.. Any int¢r¢5t ¢8Jned is ath]ed to the 8etterLI fund rescrv¢ 4nd Sed forth¢ g¢n¢ral Cknitsblepwposes. Pag¢ 3 The Al-Khoei Be4Jevoknt F datlott thgyear Ende4131 AD t2025 F￿ANeL*L REv￿w Reseryts policy Unrt%thited fijnds r¢serve 15 maintsinedto cov¢r 8oV¢rn8J￿c¢OS1S and 10 r¢spond 10 varioubappliclltiun of srnts8Dddonations. R¢5tiid¢d fiThi res￿¢ aLYheld to used withirttertain tstiictions ofthe r¢l¢v&th fund& ENlourynent fijnd resewve represents the iotsl cust uf certain prop¢rti¢5aft¢r ￿l￿val deprttiation¢]wge. In senitig up the ChariTy poliry. th¢ uwt¢es have id¢niified Ibree unrestsicted fiJnd% detsiled in th¢ n(kl¢$. Tr rcstriclcd funds are th"stribwcd stneily in a¢cordanc¢ with Ihc religio￿ restrictioThs ¢Jrother restyiciiow imty)**d on the Ttltvant fi￿d. They have a]5tr3cI up EnthwmEnt fund foT¢¢rtaiu properti¢s OW￿dbY the Clwity. The ¢b￿lty policy on ￿￿¢strI¢*￿ fi]n(ts is to hold unr¢sffided funds not committed or invested ill Tgngibl¢ FIX￿ Assets to mttt 3 to 6 months exwdiDJres. The ¢ll￿ent iuJrestrict¢d P￿￿5 01£2J25.920Mt committed to tstw'ble fixed assets are5L￿Gle￿tto£4lV¢r 3 to 6 rnonths exFndtbfft. STRUCTiJRF, COVEIU¥Ai¥CL ANIJ MANAGkMETr Governlng document The Al.KhLKi B¢n¢vol¢nt FouThJaiion was ¢onstitukd as a c]￿lIable trust with th¢ ChAriiy Commi%ston 0th 23 AUS￿( 1989 UT the chariry nwnbvr 08020(Kl. It is govern¢d by a d¢ed da*d 15 AugLLqt 1989. Re¢rni¢ment wnd ￿P￿l￿tmtlltof newtrnsttt8 TrUStE￿a￿ appoint¢d bY￿s￿lU11￿ of th¢¢xisiityg TnJ&e¢s. OrgAni￿1￿>th￿ 5trucluTt The ¢b￿lty ￿￿e¢S ar¢ rcsptsnsible for tht gtheraj co]Jtrol and manag•￿ent of the ch8rity.Th¢ ttustCC5 givc their fr¢cly and reteiveno ]EmUDerdtioD ori)theT financial benefjts. ThB trnst¢¢s rnerf together as a bthly and are responsJl)le for decisions tsk¢n in relation to the affairs of The AI4JM)ei FoutyJ#tion tlltbe Unitrd Kingdom. The knard is chaired by the Se£•(kn¢ral. WI￿ 15 onc of the tr￿Stee￿. The th￿lets seek spIrtt￿l gui(bn¢¢ and iJk4piralion itl Tcligious ]nJtters f￿lM both the Central Commiiiee and Ptesidynl i re£watioJJ oftheir teligtuus sta￿. Th¢y Ttv¢ly q)dorse Teligious matters attd are JLOt thvolved in daily running orth¢ ch￿lty. Th¢y donothave any influenceover the ttwlee The c.en￿] Commillee hon(xary co]nmitt¢e bas¢d in th¢ holy city of Najaf, Jroq. ThcprCSid￿t is an Hollor&ry title 8iV¢I) to AyAiollah of th¢ Shia faith who is &t50 bascd in Najaf. Irllq. InduttlDn aThd ¢r•lnthgof new trostees Following appoinvn¢nt, n¢w In￿¢¢& arc To thcir ttcw role ond given copies of th¢ trust d¢ed and 4 ¥uidc to Ibc policLes aJ)d p￿cedurtb adopted by OUT chxiity. A nwnb¢r of publicatiolls from the Chariry Commissiou HtE 3]so provid¢d Inc1￿1ng the suidawe on charities a￿1 public bcncfil OL the ad¥thrtccmenl of the religinn fnr publi¢ knefit. Thits ertSUt¢S that ncw trustces are aware of IhE SCOPE of IheiT res5X)Dsibilili¢s under the Chariiies Act. Iniiially, new IrusleEs work with ¢xis*ing tTUStees assisiillg oti pgnicular a¢tiwiics and proi#is njtt by th¢ Charity. After satisfa¢w f¢£d b8¢k ftom ¢xl￿7￿￿ I￿￿C¢S they a￿ then given the task of leadillg a pgrti¢uiar a¢tivity or PTOj¢a. reponLDg prowss ai tsu8tees' meetiD¥s. REFERENCE AND ADMINISTRATIVE DETAU Registered Charity Dumber 8021)(X) Prlnclpal addru Chcvenin¥ Rvad NW6 6TN TTU$tees MrSSKho Mr S F H Milani Idettased 2.9.20241 MT S M Tl Faghih¢-Mou%gaTri Drm E Mcsbahi (aPPDU)l¢d 22.4.2025) Page 4 Tre Al.Khvei Bwevoklll FJundalioD Re￿rt Qf th£Tr￿lIe¢￿ Ended 31 Auowt?OJ2 REFERENCE AND ADMINISTRATIVE DETAILS Audito M¢rali's Chartered Acwulltants& Sratthry Auditor5 S¢uitish Pro￿dent House 7640Coll¢gc Road Harr(bw Middlesex HAI IBQ STATEMENT OFTRUSTELS. RESPONSIBILMES Thc tDJSltes art rcsptrtsible for prepJring the R¢pyl ol. th¢ Truslth and th¢ financia] strale]nent5 in aCCordar￿£ with 3wlicable law United ￿"ngdoM Ac¢ouniinbTr Standards IUnire¢J KiTJ¥dom Gen¢rnllyA￿¢ptrdAccoull1Iag Practtte). Charity law nquires the to prepllTe fin￿nC￿ stgt¢m¢nts for each financial year. Utsder thai liw, Ibe tmstees hllve ¢l¢ct¢d to PTepllr¢ the ljnancial stai¢m¢nts Ith a¢¢orthcr with unit￿ Kingdom G¢n¢rnlly A¢¢tpted A¢¢ounling P￿lICe (United Kingdo Actuuntins S&DdaTds' and applicable lawl. u[￿er chyriry law thc ￿$tee$ must Loi opprove the financial ststements unltss th¢y grt Satisfied that thcy give * and fair vicw Of t]K Slate of affa￿$ of th¢ charity and of the incomin¥ re¥ouTCeS and appliclltion 0[r￿￿￿TC<3. includiDg the IDCOMC aDd txpendiftwe, of charity foi thai peLiod. kn pryi￿ those fina￿la] 5twt¢m￿t￿ th¢ Irvstees aTereqlli￿d to seleersuitable aecountm8p)licies and then apply themtotssi#erbtly' observe the mdhod8 thnd principles in the Chanlie$ SORP. ]mke jud8em¢nts and esiimai&% thalgse Thsollable ptudcllt., slate whethcr applicable awiunting $l•)dards hav¢ btctt followed, subjett 10 any t[￿￿rial departUTe5 di5cl(kS￿ ¢xp]ait)¢d in th¢ f￿anCial sw¢ments' prepar¢ lh¢ rmanc￿l stswnents on the 80itig Cotttrn b￿lS unless il 1$ inappropriat¢ ¢0 pr¢%um¢ that th¢ ¢h4rity will tOllti]we iti bu¥iness. The tsu5t¢¢5 ar¢ r¢spon5ible for keepll￿ wper aecowtting records which di￿￿}St with T¢850nJbk g¢¢urncy ai ￿Y time the fm&tt¢ial positiojj of tbc chtirity a￿d to enable It￿1 ITr ensur¢ that th¢ financial 5tatcmrThts comply with the C1wities Act 2011 and The Charity {A¢counls and Re￿n$) RegU]￿l￿n$ 2008. They are ￿sAI re5ponsthl¢ for safcguarth.ng the asscts of the cjwity attd hentt for tdking r&ts)rAble Steps forth¢pt¢v¢ntion and¢J¢tt¢tion uf fra￿j and otheT irKgulaTitie5. 29.06.2026 Atprove41 ty orderof tkbotyrd Of bvstees on............................................. 8ndsign¢d on its t¢hglf by.. Drm E Mc5bahi- Tn￿tee Pgg¢ 5 Reprtof the Indt dent AudJtOTS to th¢Trus¢ees of ThtAI-KhoeiB¢n¢vokDt FouThlalion OplAIo W¢ hav¢ *udilcd thc financial skktnents of The Al.Khoei Benevolent Fowthiton (ihe 'chyJity) Cor th¢ yw ¢nd¢d 31 August 20 whicb comptis¢ th¢ SL9t¢meni of Finati¢ial Aclivili&% the BalBn¢¢ Shcet. tbc Cash Flow Stsi¢mcrtt and notes to the finaNial Statements, illcluding a Sun￿rthry of si8nifi¢Ani ￿¢0￿1]￿8 N¥li¢ies. The fi]wKiHI Iqy)Tting frgm¢work thar has been applied in their tff¢P8TatioTh is applicable law tsnd United Kingthm Accounting Standirdl Iunitcd Kitigdom Generally Acc¢pt¢d A¢¢ounti*g Pr/ctKe). In OUTopinion the finattial statem￿ts. give a tnJ¢ fair vi¢w of the state of tht charityB affairs 31 Augu8t 21125 aTrJ of its i]Koming Jrsources and appbcation of resources, h the yeaT th¢n¢nd¢d; havc been propeTiy pJtpaThl in accordanc¢ with Untted Kithgdom GfflcTallyAccnTwliim with our audit of rhc financial staternenls, our responsiTh?lily is io re￿ lh¢ other infomiaiion an4 iti doing so, CODBider Wh¥th￿ th¢ othEr illformalion is nutrrially ittconsisithi the fillaftcial St8tcn￿llts or OUT knowledge obtain¢d in ihe audit or othmvisc appcars 10 be materially Jnissta*d. Irw¢ identify such material ineotLSiStencies er apparent tnatcrial missigtementy. w¢ required to d¢t¢m]ine whdher this wves rise to 8 malcriBI mi5Stat¢m¢ni in th¢ financial staiements the[￿*elVeS. If, bLsed on th¢ WOTk we hav¢ perfihing ￿ report in rest￿ of the following matters wkftre Ihe Charities [A￿0￿￿ts ar￿ Rwortsl Regulations 2008 requires V5 lo r¢p)rt toyou if. in ouropinion.. Ihe lrrf(Yt[￿110ll given ill the R¢p)rt orth¢ Trnsites 1$ tni(m5i5t￿I in4Dy milwi41r¢sF¢aWith the fjnancial sth*mettts' or suffLcienra¢couDtmg re¢ot&s hive r￿t b¢en k￿t.. or the fJnanci31 statements are N)t in agreemtnt with the HccouDtingr¢¢ords andffmrns: or we have not￿e1Ved all the infornutioTh and explanatioN we require fot our audit. Responsibilities of t￿￿te$ As expiailled mor¢ fylly in the Siatemeni of TnJ$tets.' k￿r￿sibIlItIe￿ th¢ th15tccs ar¢ r¢spon8ible for the prepAtith of the financial st￿¢ments which give & true ond fatr vicw. thnd f0T such inlcrnal colltToI as the tn￿ee5 (kierniine 1$ ne¢essary to ejwble the pr¢paraiy)n of financial stsiemenL% Ihul are free fron) mat¢rial misstarcm¢ni, whcther due 10 fraud or em)r. In preparing the fin*ncial $￿teMents. the tn]st¢¢5 T¢Sponsibl¢ for asse&8ittg the Ch￿1￿$ llbility tD cnDtinuc 88 a going collc£ disLlosing, as 4)plicgble. matters relatcd to going concern and ￿￿ill8 the going cot)eern b¥sis of 4cc(thling unless the thLSt¢¢s either i￿end(0 li4uNJak ihe charity orto ¢¢ase op¢MioDs, orhaVej￿ ttajistic altern￿lytbllt kn do so. Page 6 rtof the IDde ndentAudltors to thtTrurt￿ of ThtAkKhotl Btntv•ltht Fvund*tlo Our y￿poIs1b]htIts for the audit of thell]wKlal staternents W¢ have bcen appoittied as authior8 under Se¢tion 144 of the Charititfj Ad 2011 and Twrt in with thc Act and ielev&nt regulation5 roadeor havin8 effell thereunder. Our objecliveg Iv d>iain re￿ab]e &$suT3r￿e abuul whether the r]IJa￿(la1 4alem¢nts &5 a wbol¢ fr¢t from tnaierial mi&statem¢nL wh¢ther du¢ lo fraud or C￿Or, and io i8su¢ a Re[￿ ef the IndcpcJJd¢ttt Audilors thot irttludes our opinion. R￿o￿le assutthce 15 a high l¢v¢l of a5sur4nc¢, but is ￿ a SU￿an¢¢e that ￿ a￿*.[ conthjcied in ac¢oTdartt with ISAS IUKI ￿1[1 always detect mat¢Ji81 missiatemetst il Cxists. M￿StateMents can arife from fraud or error Jr¢ ¢onsidered maltrial if. indimdually or in the aw¢galc, thry ¢￿Id reasonably be expxtrd ￿ influence the e¢oth)miL decisiutts of users tsken on the b*sis of th¢se ftDarKial siatemetsts. Tht extettt towhieh Ourprocedu￿ are Capable of dete¢ting inegukniiTie4 ittI￿ling isdct&ilcd brlow. We identsfy and a¥ses3 the risk8 of n￿{CriB1 [R￿Ststern¢nt of thc Fin8wial Stat¢rn¢nts ththcr due to frwd or error, St￿ then design aTrJ PErfi>rm au¢bt pr￿¢(1￿¢$ T¢sponsive 10 those yisks. in¢luditt8 obtsuhiog audit th'idence thai 1$ sufficient and appropriate io ]Trn)vide a bh5i$ forouropiDiOn. Identifyiug aid AJsesJSn8 POttnttAI rfsks rt]Attd to irrtgilar4tsE¥ In identifying llnd asse55iThg risk$ of m8ieri21 mi5Stat¢m¢nt of iTre8ulariTies, in¢ludiftg fraud attd nou4ompliance laws and ￿B￿lI110ns, ourprrtdure5 included the following.. enquiring of managcmffll and In￿¢¢5 in¢ludiD8 obtaining and tevie%viiLB Sup￿rtinB doEurneDlalion COJKertun8 the chBriW5 )licie5 and procaut¢s telating to.. idcn¢ifyin8, ¢valuaiirtg attd comptying with laws a[￿ lE8￿latiOnS and whether they were awaT¢ of any insta￿ of - dthcctingot¥J resrrf)rtdiTr8 to the risks of fraud and whetherthey have knowlcdge of any actualb SWV¢t¢d or alleged ft#ud,. -the iniernal wn(Tols estsblished iomitigao risks related to fraud ortson￿0rnplI1llce with I￿sand ￿E￿]￿tionS. . perforniing ¥nal￿1¢8) pr￿$ to idetitify UDusuBI or un• r¢tstioDthip5 th8r risks of material miSstyt¢M￿tdll¢ ty) fi¥ud. - di5fU&sin¥ aInoIig the engagement team re￿rdIng IM>W and where fraud mi8bt occur ill the fmwial staiem¢Thts and any po*nti*l iTKh"￿tIm5 of fraud, - obtsining an Under*￿g of ihe legAI and resulatory framewo￿ that th¢ charity op¢rat¢s fowsing on lI￿s¢ laws and regulaljon5 thal had a effect on the fi1)w￿l•l stal¢mrnts OT ihai had a fundaTnental effecl on the QPEtatjOU5 of the tharity. Th¢ key Iwsattd reguJatioDs we considered in ihi5 cont¢xt includedth¢ Chariti￿ A¢t20119ndChaÈi¢i¢s SORP{FRS 1021. Audit rejponx ¢0 Tlsky Idtnlillel As a rtsllit of performittg tht abov¢ we identified That]&g¢m¢nt oYurid¢ or¢￿trol$, revenue recogniti(*) inclu(bng and Classificarion of donation income, ¢ompleiette&s and cut-off of school aThl nursery Ir￿ffine and the o¢cwr¢nc¢ and ¢18ssification of doJJatiOD Ptyh¢Dt5 85 kcyaudit matl¢T8. procedures ￿ re8]￿d torigk8 ideniificd i￿]udEd th£ followin¥'. - addtes*ng the ri¥k •f frdud Ihrtrugh man8gcmcnt ove￿Ide of Tr)ntro15. tcsting oppropriatrrKs8 of Journal cnfftcs and oth¢r adjusirll¢nls: assessing wh¢th¢r th¢ judg¢m¢nts made io makillB a¢countllJg eallJJates are indicative of a porentiai bias,. and evRluatiTr8 the chaTity'3 rdlioThalc of gThy si￿lfiCant trBnsartions Ihatarc unusua] or ouisJd¢ th¢ nonnalcourse of businus. - Sub5thntivc tC8ting on thmation incornc, sthooland nursery income. - Sthtantive testing on donation payments 10 ensure s￿h payrnenls aTe ryorKrly authoris¢d p3id in ￿￿ordanC¢ with the puy collditions of graDts Ino rnisapplicution of r¢styic*d fi￿th}, payments ate within the obj¥¢¢]v￿ Eknity acrurnte 011￿8￿0￿ *¢fO8s futjds. A fi]rther dBscriplion of our responsibiliti¢5 for th¢ audit of thc financial stat¢m¢nts is localed on th¢ FirtaEKiai ReWrti[￿ Cou￿£11.3 wd)sil¢ at www.frc.(¥g.ukIaudiknts￿SPoDsub1llties. This desaiplion fi)rnL8 partof ourR¢wrtof th¢ Independent Auditors. R¢ rtof the Ind deDt Auditors to tkn Truttts of Th¢A￿KhOt1 Benevolent FouDdatloD V&tofowT rwrt This rt is mad¢ sgl¢ly ttTr th¢ chaT]￿S In%tees, 3 t￿y. in actordanee with Part 4 of the ChatitieÉ (A¢counts and Rtports) Rtgulaii ng 2(X)8. Out audii work has b¢¢u uud¢rt3k¢n so that w¢ migllt stsl¢ 10 th¢ charity's tyystees th￿ m•ireTS we a￿ TequiTed to stste to ¢m in an audiioTS' report and for no otheT PW)ose. To the fiJllesE extent permitted by law. we do not Hccept OT ￿￿me rc$]MXtsi liry to anyon¢ oth¢r than the charity and th¢ chariiy's ¢rn$lees *$ & i¥Jdy. for OUT audit work. for this [¢￿rt, or fi)T the opinions bave formed. erali's Chattrr¥J Swthsh Provi 7&80 Coll¢g¢ tatutoryAudii MMld]¢5¢X HAI IBQ 29.06.2026 Poge 8 Tlje Al-Khod Bentvdtknt Fo￿thdatiD Statement of FInaKI￿ AttlTrllles for the Yt4r Ended31 AU￿￿.$t 2025 2025 Tot fund$ 2024 Total fynds UDrestrtcted funds Rultlcted ruMd8 Endowmeot fuTMI Notes INCOME AND EfiDOWMENfS FROM Donation¥ andl¢8aci&% 489.914 84,413 574,327 838231 Charlt•blt *tliwilifs SchwisoperJiions NuT5ery ￿￿]Qn5 1,495,757 150.774 1.495.757 150,774 1.481,330 152.390 JDvcsbncnt income (￿trI]K0jne 42535 3.154 42,535 3,154 13,641 2.189 Tof•l 2.182.134 84,413 2266,547 1487,781 EXPENDJTilliE ON Cth8ril4bJeaeti%ltles Schools operations Gr￿1¢$ ardDonatitins Support costs Nwsery OpeAtions 1.654.52(> 353,725 344.607 131.792 1.654.520 406,125 401.649 131.792 l.(A6,572 780.5(M) 366.924 127.070 51400 11,748 45294 Totsl 2,484.644 64.148 45,294 2J94,086 2,921,066 NET INCOMFJ(EXPENDITLlliE) 1302.510) 1125,4(XII 2Q.26S (45,2941 125.4 1327.5391 (433285} Tr*nsfery betweeJJ luDds 15 Net in fund* {427.910) 20265 80.106 1327J39) (4332851 RECONCILIATION OFFUNDS To1￿ funds brough¢ foThv&rd 3,IX)8,387 41.192 6J77,368 9,426.947 9.860232 TOTAL FUNDS CARRIED FORWARD 2.580.477 61.457 6.457,474 9,(￿9,4{18 9,426,947 The notes fornj p￿of thcse fin8n¢iai 5*t￿￿￿ts P•gc 9 Bolanct Sheet 31Au st 2f12S 2025 Totsl funds 2024 TotsI funds Ullrestrl¢ted REStrkttd lunds E]MiowThent fund Tangibl¢45sers 12 54.556 6,457,474 6.512,030 6,440,377 CURRENT ASSF.TS tkbiors C¥h ai and in hgnd 13 159.496 2.758,318 159.496 2,765,306 163,053 3,307,552 6,988 2.917.814 6.988 2,924.802 3,470.fJ)S CREDvfoRS Am￿￿¢& ftsllingdue wIth￿011B year 14 1391.8941 54.470 (337.4241 1484.035) NET CURREwfAssrrs 2,525,920 61,458 2.587J78 2.986.570 TOTAL A￿v6 LESS CURREPU LIABILITIES 2.580.476 61.458 6.457,474 9,099,408 9,426.947 N¥T ￿$￿TS 1580,476 61.458 6,457.474 9,IJ99.408 9A26,947 2.580,476 61,458 6,457.474 3,008,387 41.192 6.377.368 Re5tiicted fun& EJJdowtMit fvttd5 TOTAL FUNDS 9,099.408 9,426,947 29.06.2026 The 6]W￿l*l tstslvments wth¢ 8rprovtd by the BoaTd of T￿l￿te& aNI authtiTiStd for Issu¢ on ............................................. Si￿1 on itsb¢bllif by.. Drm E MesbahI-Tr￿1Ct The n(Aes forni part of these fthit*ial statements Page 10 TheAI-Khoei Benevoknt F•undation Cash Flow St8temen¢ r the Y¢gr ETrded 31 AUg￿t 2025 2025 2024 Noles Ci$h Ilows from operatini adivilies C?shg¢n¢rdt¢d frorn op¢]*ioDs (449.3031 (259.074} Nei cash used in opeNin8 aciLiiiies (449.303) {259,0741 Cjsh inv¢s¢iDg artiYiti1s F)Jrchase of tattBible fixeda$￿S Intcrtst re£¢ived (135.478) 42,535 (416,609) 13,fAI Nd wh ￿Sed in invesiing athiviiies 192.943) 1422,9681 Chahgt in t#$h #hd tL8h tquivllettts ilt the r¢portingperiod Cllsh and ¢a5h equivaleDts gtthe ol there￿rti￿g period (5422461 {682,042) 3 J07.552 3.989.594 Cash And tash tqulvaltnts at the end of ttLt rtportlng perlod 2,765J06 3.307,552 Th¢ not¢s fonn pHrtof fin8llGwJ 5tat¢m The AbKhoei Bentvolevjt Foundation Noteg lo the Cash FJoTv StAttme•t for the Year Ended 31 Au sl 2025 RECONCILIATION OF1¥4ff EXPENDITURE TO NETCASH FLOW FROM OPERATIliG ACTIVITIES 2025 2024 Net e¥peDdll4re for the reportlng perfod PeT the St•temeDt of FlnxAKIAI Aclivitle51 AdJu$tmtnts for.. Dtpr¢ciaiion ¢bw$ Inte￿st r¢c¢iv¢d tkcrELse indebiors IDeueas¢yittcrease iti credito (327.5391 1433,285} 63,825 {42.5351 3,557 60.912 (13.￿1? 24.699 102241 N¢¢ ¢*sh used in oper•tion5 1449J031 (259,074} ANALYSIS OF CHANG&S IN NET WUNDS At V9ll4 C*8h now Ai3118rLs Net cath Cash at bank and ID Jjand 3.307,552 15422461 2.765,306 3J07,552 1542,2461 2.765,306 Total 3,307,552 {542,2461 2.765.306 The notes form pth of these finaticial staimm Pig¢ 12 The Al-Khoel Foundathn Notuto the FiD*h£1￿ StAtem¢nts for tht Ytsr Ended 3A Augpst 2•25 ACCOUPMNG POIACIES Basls of prtparfn¥ tht fi￿￿tIal stateme•ts lkn financial 5¢trments of th¢ d￿lty, w&i¢h is a public betrfii entity under FRS 102, knve bc£n PTep3red in a¢¢ordaJK¢ WLth the Ch￿til¢S SORP IFRS 1021 A¢couniing gnd R¢FOrfin¥ by Chariiies.. Stat£mertt of Recomm¢ndaJ Prnthi¢e applirable to ¢htitilies pnparing the￿ in a¢cordanr¢ with the Financial Witig Stathdard appIl￿ble in the UK and Rcpubli of Ireland IFRS IL121 (effective l Jimuary 2019)., bin8D¢ial Reporting Standard 102 Tr Finthncial R¢t*)ning Si¥ndwd appli&ible in the UK and R¢public of Irel￿rt and th¢ ChHtitie6 Ad 2Ql l. The f￿￿tial Stslem¢nts have been pr¢rMed uNl¢r IhE hisiorieal ¢41SE conveiLtLOtL Income All incorne is retogMKd in th¢ Staiemeni of Fina￿￿1 Activities onLX the cknTity entiilement to the fillLds, it is probobl¢ th&ithe income willb¢ [￿e1Ve1 and the arnOW￿ caD bc tllAsurtd r¢li8bly. Expendllure Li&bilitie5 atc retthgn￿d Bs exra1ti￿e as 800n gs the￿ is a kgal or ¢￿SIn￿live obli￿l0￿ committiDg the ¢lwity b that expertditure. 11 is probgbl¢ Ihai a Irdnsf¢r of¢conoJ]llc bEnefits will b¢ r¢quir¢d in scmlunenl and the amtsuDI of Ib¢ obligatii)n n be Me￿llr¢￿ ￿liab]Y. Expenditure is aCCLMJrtied for on 8n accruals basis has b¢¢n cl&%¥ified und¢T hc&lkng5 Ihal gggr¢8alc all cost related to the caleBory. Where ￿sts cannol be diTt¢lly AttnTrutcd to p3tti¢u]aT heBdi]￿S tly hav¢ been all(KatryJ to a¢tiVili¢5 ona bAsi8cthsiyteni with the use of tesour¢&%. GrHnt5 offerd Subj￿1 w conditions whi¢h have noi b¢¢n m¢t dt the year end tht¢ are noted as a cornitrnenl vK¢nKd expEndilll Cknrltabk 4¢d Charitable attiVLiies cost compn8￿ all the ￿TatIng expcnsa¥ fw 118 charitabk adi¥iliEs like 8th￿1, Nutsery. DFJD and ¥e]Jt]21 dIsburs¢n￿nts of ￿ artd <￿￿tiO￿. Grnnts and (kn￿tiOnS repres¢nt donotion pAid Lxll in accordante with th¢ ￿•?￿S obieclives. DFID is a T¢5¢￿ pwuje£i which Al-KhoEi ts eThbra¥eJ in by I￿￿1¢U1¢ of D¢v¢lopm¢ni Stimbes To gathcr infont￿t10th and CBtry (Ritre5raTrhivwk on shia rntt%limminorities ID vBnous ¢ouDttie5 aToundth¢ world. sch￿?1 and nw5ery cosLArtpr¢s¢nt the total th'rc£l tosts for r￿￿]*8#]￿ maillraining the K]K)018aThd llUT%ry. AlID￿liott *Md *pportlonment of co&lJ Suppon cosi include admitllstraiiv¢ ¢05t relates 10 Ibe f¢und8tion and have been allculcd to actiwity cosi otrgoiies om a basiseonsistenl wilh the useof r¢50UFV5. IDt#knglble issetl Infan￿ble 8T¢StJi¢d # itiitiA] cost I¢ss anyperM￿em Invirn)¢Tr￿. TaNglMefix¢l tt8stts Tanwble fixed a85¢ts ar¢ stated atcoA kss accumulated deyeciattoth. D¢preciation 1$ pmsded at the foMowin8 atinutl nie$in OTd¢r to writre off eath assu ovcr its EStittI￿ u8¢ful lif¢. Fteeholdproperties th Lond FThxholdprtsperties iti SwaD5¢a Freehold Propety in m￿￿h¢thr Scbwl Eqviprnent FiXw￿5 aud filliw Office equJpmeLt CON of buildink Dver ￿)￿8r9 Costof building ov#25 ytsr5 Costof building OV￿ 15 years 2(P/oon 15Y•on wst Fund Unr¢stri£lL¥I itKome thds those whi¢h the tsusttt8 ￿ fret kn use for any PUTPOS¢ in furtkneraJKe of th¢ ch3Jit4bkobj￿I¥(s. R￿lIK￿d fijtsjs are furM]s art to bc us¢d in accotdatKe with Sp￿1￿C rcstrictiolls iMF￿￿d by the donots. R 12.521 17.402 {102.723 11,269 23,790 17,402 132,646 11269 {102,7231 41.IY2 EndgwJD¢Nt f4nds Ethdowmcrtt Fund 6.050.989 140.057) 366,436 6,377J68 TOTAL PiiM)S 9,8tAI232 {4332851 9.426.947 P48e 19 contiThucd... The A￿KhOe1 Benevoknt Follnd8tlon for the YeAr bmdtd 31 Au 2025 MOITMET4T IN FUNDS-eonlinutd Cmp￿tiv¢ nct movcrncnt in fund5, includcd in thc abovc areas follows.. In￿mIng resowets Rewur¢ txpettdtd MovemeDt rullds Uknre&tricteJ funils General Fund KhUn￿ Sehem Itjw KhuKJs Sehern Sadaat 2.169,592 193,8tA ,749 12564,601 } (205.101 } {395.(W) 1,749 2.365,205 (2,769,702) 1404.4971 R¢Jtri¢ted fund8 Al.KawtharlOryhJDS & Widows 122.576 J 1269 ErtdowJ]cnt Fund 140,0571 {40.057) TOTAL FUNDS 2,487,781 Q.92J,066) (433285) A¢urfynl year 12 montbs and priorye4r 12 months combined p￿ItIon is as follow$.' Net oYemeDt [￿Thd5 Transftrs between runds At 119123 Al3118125 Uknre5tri£td funds Genwal Futtd 3,374.573 302,024 718,(M71 7.620 3,419 1491,8361 2,164.65Y) 3th).644 106,142 Sehettt Sad8& 102,723 3,676,597 1707.008) 2.580,476 trw fyDd¥ SeheTn Sadallt-closcd AkK#Mrthar.tlrphatt$ & Widows DFIDFund 102,723 12,521 17.402 1102,7231 31,598 163) 44,119 17.339 132.646 31,535 (102,723} 61,458 Endowmenl funds EndthwTn￿I Fund 6.050.989 185,351) 491.836 6,457,474 TOTAL FUNDS 9.860232 (760,8241 9.099,408 P&8e 20 CODtiThued... The A￿lakot1 Benevokll*Fovnd¥lioD Notu to th¢ - ￿1￿LS￿t¢rnQuty.fo1tin￿ed 15. MOVEMENf IN FiINDS- toiitinued A C￿rr¢nt￿ar 12 months ￿ndpriOr year 12 ￿1)nthS tombind nct m¢)v¢mcnt in funds, Allclud¢d UJ theaboveare as follows.. Intoming R¢wuTce> e￿eTjded Movemtnt Uthrt$trid￿ Genernl Fwmi Khums Seh¢m Imam KhuznB Sehern Sad&at 4.105.585 388J35 53.419 14.823,632) 1380,715} (50.0001 1718,0471 7,62 3,419 4.547.339 (5,254,347) I707.￿8) ReknlCt￿ Al.K*MhaTIOrplw & Wi(knws DfJD Fund 21J6.9R9 {175.3911 {63) 31,59 1631 206,989 1175,454) 31,535 E*dtwmtntfuDds Endowment Fund 185 J511 {85.351) TOTAL FufiDS 4,754.328 (5.515,1521 1760,8241 The endowrtteTht fulld JEpresents nelbwk va]ue of ¢￿tain freehold wpefiits. The Unrestricred lunds are the r¢e¢ipis •nd ¢xpenditLwe of the charity for its ob￿Ct[w¢S wittwut wific restriction on its ￿. It is representedbyth¢ chantics n¢tcurTcni its othcr ian8iblc assets. The R&%tr¢t¢d fimds ￿ spe¢ifK funds for spetific p￿p￿￿5. The baiaKe is teprescnt¢d by r*i r¢ky￿1 rurreni a*8￿$ and its other tangibl¢ assets.. EMPLOYEE BENEFIT OBLIGATIONS The ch￿1¢Y I)￿41e$ a defind CLmtnThution pension scheme. The chariry contri￿ted ID pe4k8ion £19,053 {2Q24.. £203161 during Ihty¢ar. 17. RELATED PARTY DISCLOSitRFS There W¢T¢ no r¢lated p¥rty t¥￿a¢hOn5 for the year ended 31 Au8USt 2025. P8g¢ 21 The AbKhori Benevolent Found•iioD Detalled St•t¢went ofFknndil A¢tlvltles for Iht YtAr EndÈd 31 2025 2025 2024 INCOME AND ENDOWMF.NTS D•n#tioni x#d k%￿{¢ tA)nati0tt8 and Reliyous dues Gift aid 553,555 20,772 SI9,(￿9 574,327 838,231 Investmejjt ID¢on Dwitac¢ountinteresi 42.535 13.641 Charitablc *ttlths $th￿l & Nw¥ery Feejncomc Sthool Othcr IrK4)me 1333,191 Il3J40 1.529,250 104.470 1.641531 1.633,720 Other In¢ome Oth¢r income 3,154 2,189 2.266,Y7 2,487,781 EXPENDITURE Ch&rLlible 4tll%itl¢s Mi%e ￿h{m}I expenses Priniingpusiage & ￿allo[l￿Y Lightayvj heal Transport aTh4 travel T¢leph(XLC Raies RePa￿S & MaitLtcrwK¢ Legal & Profes5ion81 Wages & salaTies- School Barjk chatges and ini¢r¢st Depretiation c]￿Ing 29,351 18,672 62,383 3,577 6.952 64.659 19224 9,574 1.245,391 1.569 4.297 7.469 34.761 43.910 10.159 121.633 14.556 .928 48,562 15.502 43,644 192 326.5(A) 79,565 56,907 30,968 69231 2,130 8.900 26,849 18.512 1264,061 1,279 6,731 6,554 30288 36.059 13,539 Staff'fr8ining MI￿ nursery BxpcTrses Wagts & Salaric5. Nwgery Subscriptio chiM>I mcxl- cxpcnses sah￿daY schoolexpen5e Swinsea Mosqu¢ exkKJkges Sernton food Se¢uriry ext*nses khool DonatiurL% 10 inuiiution5 Donation payments 18.468 51.147 47,798 11,740 42.940 680,467 1th).033 2273,¢YJO 2,638,222 S￿pPOrttO¥ts M&n•gtmellt Wag¢s & 5aiaties- FoundatioFL Cbrried fon¥8Td 151.917 151.917 119.540 119,540 This p4ge doe5 Mt fomipart of th¢ slatutory financial st&t￿[ Pa8e 22 Tht A]-Kha¢i BMeYoknt Foulldatl• p￿￿&￿e￿L￿(F￿9lltl*l Arti forlFLe Y¢ir F.hd¢d 31 All￿￿(2￿25 2025 MaDggement Breught forward Ra*% IT￿ waler Light 8nd hcai Telepknn¢ Postage and stsiionery Trav¢lling Sundries Ac¢ouDtsJKy aTKi audit f