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← Al-Hamd-O-Lillah (Foundation) Trust

2022-03-31-accounts

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AL-HAMD-O-LILLAH (FOUNDATION) TRUST

REGISTERED CHARITY NUMBER: 1097091

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

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AL-HAMD-O-LILLAH (FOUNDATION) TRUST

REGISTERED CHARITY NUMBER: 1097091

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

INDEX PAGE

Page No. Contents

1-2 Trustees Annual Report 3 Independent Examiner's Report 4 Statement of Financial Activities 5 Balance Sheet 6-9 Notes to the Accounts

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Annual Report for the Year Ended 31 March 2022

The members of the Management Committee (trustees) present their annual report for the Year Ended 31st March 2022.

Reference & Administrative Information

The Charity

The Charity is registered with the Charity Commissioners for England and Wales with registration number 41097091. The Charity's address is 410 Didsbury Road, Stockport, SK4 3BY.

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|||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---| |Trustees|(Management|Committee)| |The|trustees|who|served|on|the|Management|Committee|during|the|year were|as|follows:-| |Mr|Mohsin|Munif|Chairman| |Mrs|Anne|Munif|Trustee| |Dr|Mohammed|Haroon|Zafarullah|Khan|Trustee| |Dr Syed|Ehsan|Ali|Trustee|

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Management Committee members are elected or appointed once in every 2 years, with the officers being elected from the membership of the Management Committee.

Senior Management Team

Mr Mohsin Munif

Accountants

Ferguson and Co, 651 Mauldeth Road West, Chorlton, Manchester, M21 7SA

Review of operations

During the year 2020/21 the Charity continued to provide primary care and subsidised or free medication at the Karachi clinic and also at the Bhitai Welfare Hospital in Mirour Khas, both in the Sindh province of Pakistan. Meanwhile, we are very proud ta announce that we commenced work building a modern, fully equipped hospital in Kohat, Khyber Pakhtunkhwa province of Pakistan, in November 2019 in partnership with the Al Hamd Hospital Private Limited. The Kohat hospital will provide approximately 120 beds for maternity and general medical purposes in an area seriously lacking in basic medical care. The building works has completed now.

The key income for the Charity continues to be a rental property donated by a Trustee that provide a regular, sustainable income stream for the foreseeable future. The Trustees extend their thanks to all of their generous donors who continued to support the Charity in its endeavours to help make life more tolerable for those in need in impaverished areas of the world, with a current focus on Pakistan. The Charity continues a strict policy of no income to any of the Trustees with all services provided on a pro bono basis. All income received is spent purely for charitable purposes.

In order to bring in greater medical guidance, the Charity warmly accepted two experienced doctors as Trustees of the charity on 30 June 2020 — Dr Syed Ali and Dr Haroon Khan. Both of our new Trustees will provide valuable insight and experience to adapt our practices and enhance the delivery of our life-changing services.

The Charity continues to operate from Stockport, England.

Bankers

The Charity's bankers are The Royal Bank Of Scotland, 572 Stockport Road, Manchester, M12 4JJ

Objectives of the Organisation

Objectives:-

In Pakistan and such other areas of the world as the trustees consider appropriate

1) to provide medical assistance to the poor and needy in areas of the world that the trustees consider appropriate and the 2) to provide educational assistance to the poor and needy in the area of the world that the trustees consider appropriate.

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Annual Report for the Year Ended 31 March 2022 (continued)

Trustee Induction and Training

New trustees are provided with the Charity Commission Welcome Pack with checklist of recommended actions to set them up for success in their new roles.

Recruitment and Appointment of Trustees This is done in the Annual General Meeting of the organisation. Notice is given to all members 21 days before the Annual General Meeting

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Risk Management
The board of trustees have undertaken a risk review of the charity's affairs over the next financial year.
The trustees have identified and reviewed the major risks to which the charity is exposed to and have
established systems to mitigate those risks.
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Financial Review

The attached financial statements show the current state of the finances as at the accounting year end. The bank account balances of approximately £108,036 (last year - £177,896) which is still to be used for the charitable purposes.

Reserves Policy The charity's general reserves cover approximately more than 24 months running costs. The financial situation is under constant review by the board.

Investment Policy Monies not required for day to day working capital are invested in improvement of the building owned by the charity to generate income.

Trustees’ Responsibilities

The trustees are responsible for preparing the trustees’ annual report and the accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Charities act requires the trustees to prepare financial statements for each financial year, which give.

a true and fair view of the state of affairs of the charity and of the incoming resources and

application of resources, including the income and expenditure, of the charity for that period. In preparing the accounts, the trustees are required to:-

® — select suitable accounting policies and then apply them consistently;

The trustees are responsible for keeping adequate accounting records which disclose with reasonable accuracy, at any time, the financial position of the charity and to enable them to ensure that the accounts comply with the Charities Act 2011.

They are also responsible for safeguarding the assets of the company and hence, for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

in so far as the trustees are aware, there is no relevant accounts information of which the charity's independent examiner is unaware; and

the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant information and to establish that the independent examiner is aware of that information.

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On Behalf of the Board of Trustees' Management Committee:
Luiwhen (a
MrMohsin Munif if Date: A/ / 1/22 2a
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Independent Examiner's Report to the Trustees of AL-HAMD-O-LILLAH (FOUNDATION) TRUST

| report on the accounts of the charity for the year ended 31 March 2022 which are set out on pages 4 to 8.

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. The charity is preparing accrued accounts and | am qualified to undertake examination by being a qualified member of the Association Of Chartered Certified Accountants.

Basis of independent examiner's report

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a “true and fair view” and the report is limited to those matters set out in the statement below.

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

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—_——— '
Ferguson & Co
MuhammadChartered Certified Tayyab Accountants (FCCA)
651 Mauldeth Road West
Chorlton
Manchester
M21 7SA la Oo.
Date: = &
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AL-HAMD-O-LILLAH (FOUNDATION) TRUST

STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2022

Year
Ended		 Year
Ended
Restricted Restricted 31.3.22 31.3.21
Notes Unrestricted
Funds		 Income
Funds		 Capital
Funds		 Total
Funds		 Total
Funds
£ £ £ £ £
INCOMING RESOURCES
Incoming Resources from
Generated Funds:
VoluntaryIncome:
Donations & Legacies 20,423 20,423 35,432
HMRC Gift aid 0 0
Activities for Genarating Funds:
Rental income 62,459 62,459 53,990
TOTAL INCOMING RESOURCES 82,882 - - 82,882 89,422
RESOURCES EXPENDED
Charitable Expenditure
:		 3 143,388 143,388 54
Support Cost 3 9,355 9,355 11,977
TOTAL RESOURCES EXPENDED 152,743 - - 152,743 12,031
NET INCOMING/(OUTGOING)
RESOURCES BEFORE TRANSFERS (69,861) (69,861) 77,391
Gross Transfers Between Funds
NET INCOME RESOURCES (69,861) - - (69,861) 77,391
Reconciliation of Funds
Total Funds B/Fwd 410,751 410,751 333,360
TotalFundsC/Fwd 340,890 - - 340,890 410,751

The statement of financial activities includes all gains and losses in the year. All incoming resources and resources expended derive from continuing activities.

The notes on pages6 to 9 form part of these accounts.

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AL-HAMD-O-LILLAH (FOUNDATION) TRUST

BALANCE SHEET AS AT 31 MARCH 2022

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2022 2021
Notes £ £
FIXED ASSETS
Tangible Fixed Assets 5 249,912 249,912
CURRENT ASSETS
Debtors 76 2,780 2,780
Cash at Bank 108,036 177,897
110,816 180,677
LIABILITIES:
Amounts falling due
within one year 8 (19,838) (19,838)
NET CURRENT ASSETS 90,978 160,839
NET ASSETS 340,890 410,751
ACCUMULATED FUNDS
Restricted Capital
Unrestricted brought forward 410,751 333,360
Net profit/(loss) for the year (69,861) 77,391
340,890 410,751
Approved on behalf of the the Trustees Management Committee
Mr Mohsin Munif Dr Syed Ehsan Ali
Chair Trustee
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Approved on behalf of the the Trustees Management Committee

Date: a tS / 4 / RoE,Bp

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26/1 [#022
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The notes on pages 6 to 9 form part of these accounts.

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NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022

  1. ACCOUNTING POLICIES

The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts, The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16th July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011. The charity constitutes a public benefit entity as defined by FRS 102.

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

The charity has taken advantage of the exemption in Financial Reporting Standard No.1 from the requirement to produce a cashflow statement.

Funds structure

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the objectives of the charity. Designated funds are unrestricted funds earmarked by the trustees for particular purposes. Restricted funds are subjected to restrictions on their expenditure imposed by the donor. assets appear in the fixed asset section of the accounts. Restricted capital funds are restricted funds applied for the purchase of capital items. These

Incoming recognition

All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income: Contracts, grants and investment income are reflected in the accounts when receivable. Donations, gifts and other income are reflected in the accounts when received. in addition, monies received for specific purposes are set aside as “restricted funds" Operating income comprises grants, insurance claims and sundry income.

Expenditure recognition

All expenditure other than that capitalised has been reflected in the Statement of Financial Activities on an accruals basis as the liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates:

Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of fundraising.

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the independent examination fees and costs linked to the strategic management of the charity. All costs are allocated between the expenditure categories of the SOFA ona basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned on an appropriate basis as set out in Note 3.

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NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022

(CONT)

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Valuation, Capitalisation and Depreciation of Fixed Assets

Additions of a single item or a group of similar assets exceeding £500, are capitalised at cost.

Depreciation is provided to write off the cost less the estimated residual value of tangible assets over their estimated useful lives as follows:-

However, no depreciation is provided for the building charity owns as it increases in value year by year.

Pension

The company do not contribut to any pension scheme.

Taxation

The organisation is exempt from income tax by reason of its charitable status. Income tax suffered on investment income is reclaimed in full. The charity is not registered for VAT.

2 GRANTS/ CONTRACTS UnrestrictedRestricted Restricted Restricted
Income Income Capital Total Total
Funds Funds Funds 2022 2021
£ = = £ £
Donations from the public 20,423 20,423 39,878
HMRC Gift aid claim 14,393
Rental income 62,459 62,459 47,929
82,882 - - 82,882 102,200

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NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022

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3 RESOURCES EXPENDED
Method of Total Total
Apportionment 2022 2022 2021
£ £ £
Charitable Activities
Donation to Pakitan Direct 143,388 143,388 54
Governance and Support Costs
Council Tax Direct 118 118 328
Heat& Light Direct 288 288 0
Electricity Direct 0 202
Insurance Direct 876 876 790
Legal & professional Direct 0 1,227
Sundries Direct 30 30 49
Repairs & Maintenance Direct 7,263 7,263 8,601
Accountancy& Payroll Direct 780 780 780
Total 9,355 - 9,355 11,977
Staff Costs:
Wages and Salaries
There are no employees on payroll.
Volunteers 2 2
2 2

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NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022

4 TRUSTEES’ REMUNERATION AND EXPENSES

No remuneration directly or indirectly out of the funds of the charity was paid or payable during the year, to any trustee or to any persons known to be connected with them. No reimbursement of expenses has been made or is due to be made to any of the trustees in respect of the year.

5 TANGIBLE FIXED ASSETS

Building Total
COST £ £
At 1.4.21 249,912 249,912
At 31.3.22 249,912 249,912
DEPRECIATION
At 1.4.21
ee
At 31.3.22 0 0
NET BOOKVALUE
At31.3.22 249,912 249,912
At 31.3.21 249,912 249,912
2022 2021
6 CAPITAL COMMITMENTS
E £
Contracted for but not provided - -
7 DEBTORS
£ £
Other Debtors 2,780 2,780
2,780 2,780
8 LIABILITIES: AMOUNTS FALLING DUE WITHIN ONE YEAR
£ oa
Loan from trustees 14,850 14,850
Accruals 780 780
Deposit from tenants 4,208 4,208
19,838 19,838

The charity's main source of income is donation from public and rental income from properties. The trustees consider, having regard to reserves that itis appropriate to prepare the accounts on a going concern basis and, consequently, the accounts do not include any adjustments that would be necessary if the funding income should cease.

The Trustees do not consider that there have been any events since the balance sheet date that significantly impact on the financial statements.

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.