Changes in the Fund
Statement of changes in fund
For the period 01/01/2025 to 31/12/2025
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General donationsZakatEarmarked donationsAccumulated surplus / (deficit)Total
Balance at 31/12/20244,55,00030,0001,00,000(33,804)5,51,196
Donations received8,12,0003,50,0001,40,000013,02,000
Refunds of donations(5,000)000(5,000)
Balance at 31/12/202512,62,0003,80,0002,40,000(98,755)17,83,245
The notes below form an integral part of this statement.
Notes to the financial statements
1. Basis of preparation
- Prepared from the fund's double-entry ledger on the accrual basis, and presented in line with IFRS, adapted for a not-for-profit fund.
- Qard Hasan loans carry no interest, profit, fee or penalty. They are measured at the amount lent, less the amounts recovered and written off.
- Donations are not income: they are added directly to the fund. Zakat and earmarked donations are restricted funds and are kept separate.
- A loan lent from zakat or earmarked donations and written off is borne by that fund, as far as the fund holds it; any other is borne by the accumulated surplus.
- A provision for doubtful loans is set aside by how long each loan is overdue, on the whole of what it still owes: 1% not overdue; 5% 1-30 days overdue; 25% 31-180 days overdue; 75% 181-365 days overdue; 100% more than 365 days overdue. It is charged to the accumulated surplus; a zakat or earmarked fund is reduced only when a loan is written off.
- Loans from donors are repayable on request and are shown as current liabilities.
- Figures in brackets are negative.
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Updated 18/10/2026, 10:55 AM.
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