2023-03-31-accounts

AL-HAMD-O-LILLAH (FOUNDATION) TRUST

REGISTERED CHARITY NUMBER: 1097091

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

AL-HAMD-O-LILLAH (FOUNDATION) TRUST

REGISTERED CHARITY NUMBER: 1097091

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

INDEX PAGE

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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 2023

1

The members of the Management Committee (trustees) present their annual report for the Year Ended 31st March 2023. Reference & Administrative Information

The Charity

The Charity is registered with the Charity Commissioners for England and Wales with registration number 1097091. The Charity's address is 410 Didsbury Road, Stockport, SK4 3BY.

Trustees ( Management Committee)

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

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Senior Management Team

Mr Mohsin Munif

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

Review of operations During the year 2022/23 the Charity continued to raise funds for a modern, fully equipped hospital in Kohat, Khyber Pakhtunkhwa province of Pakistan (the “Kohat Hospital”), The Kohat Hospital has capacity to provide approximately 120 beds for maternity and general medical purposes in an area seriously lacking in basic medical care. The building work is complete and operations are expected to commence whena detailed strategic, operational, governance and funding plan is agreed with the Al Hamad Hospital (Pvt) Limited, a charitable company that manages the operations of the Kohat Hospital.

The key income for the Charity continues to be a rental property donated by a Trustee that provides 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 impoverished 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.

A rental property was previously recognised as an asset of the Trust but as it is held on trust by a Trustee, it should not be recognised on the Trust’s Balance Sheet and it has therefore been removed.

Capital is now separately disclosed as Unrestricted Capital and Restricted Capital. The Restricted Capital is solely for the purpose of funding the Kohat Hospital.

The Charity continues to operate from Stockport, England.

Bankers The Charity's bankers are The Royal Bank Of Scotland, 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.

2

Annual Report for the Year Ended 31 March 2023 (continued)

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||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---| |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| |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.| |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 £179,754|(last year|- £108,036) which|is|still|to|be used for the| |charitable|purposes.| |Reserves|Policy| |The|charity's|general reserves|cover approximately more than|3|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.|

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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:e — select suitable accounting policies and then apply them consistently; e@ observe the methods and principles in the Charities SORP ® make judgements and estimates that are reasonable and prudent; ® _ state whether applicable UK Accounting Standards have been followed, e subject to any material departures disclosed and explained in the financial statements; prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.

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.

On Behalf of the Board of Trustees' Manage! Committee:

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Mr Mohsin Munif
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Date: / 2 /a/ ROoZgG
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3

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 2023 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.

• It is my responsibility to: e examine the accounts under section 145 of the 2011 Act; ° follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act: and

• ° state whether particular matters have come to my attention.

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:

• 1 which gives me reasonable cause to believe that, in any material respect, the requirements: ° to keep accounting records in accordance with section 130 of the 2011 Act; and

• ° to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act

• have not been met; or

2 to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

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a/
"4 a
Muhammad Tayyab (FCCA)
Ferguson & Co
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Chartered Certified Accountants 651 Mauldeth Road West Chorlton Manchester M21 7SA bates DQP=1( vot

4

AL-HAMD-O-LILLAH (FOUNDATION) TRUST STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2023

					Year	Year
					Ended	Ended
			Restricted	Restricted	31.3.23	31.3.22
	Notes	Unrestricted	Income	Capital	Total	Total
		Funds	Funds	Funds	Funds	Funds
		£	£	£	=	£
INCOMING RESOURCES
IncomingResources from
Generated Funds:
VoluntaryIncome:
Donations& Legacies HMRC Giftaid Activities forGenarating Funds:		6,870 14,575	- -	- ~	6,870 14,575	20,423 -
Rentalincome		60,391	-	-	60,391	62,459
TOTALINCOMINGRESOURCES		81,836 - - 81,836 82,882 ee I OSD LR
RESOURCES EXPENDED
Charitable Expenditure : SupportCost	3 3	4,995 7,903	- -	- -	4,995 7,903	143,388 9,355
TOTALRESOURCESEXPENDED		Nee 12,898 - - 12,898 152,743 kT
NETINCOMINGOUTGOING)
RESOURCESBEFORETRANSFERS		68,938	-	~	68,938	(69,861)
		i
NETINCOMERESOURCES		68,938	-	-	68,938	(69,861)
Reconciliation ofFunds
Total FundsB/Fwd		340,890	-	-	340,890	410,751
Less: prioryears'adjustments for
property toexcludefrom accounts		(249,912)	-	-	(249,912)	-
TotalFunds C/Fwd		159,916 o - 159,916 340,890 a O_O

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.

5

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AL-HAMD-O-LILLAH (FOUNDATION) TRUST
BALAN ASA
2023 2022
Notes £ £
FIXED ASSETS
Tangible Fixed Assets 5 - 249,912
CURRENT ASSETS
Debtors 7 - 2,780
Cash at Bank 179,754 108,036
LIABILITIES: 179,754 110,816
Amounts falling due
within one year 8 (19,838) (19,838
NET CURRENT ASSETS 159,916 90,978
NET ASSETS 159,916 340,890
ACCUMULATED FUNDS
Restricted Capital
Unrestricted brought forward 340,890 410,751
Disposal of building (“Prio¥ YeArad JuStinenteSee pete 5) (249,912) s
Net profit/(loss) for the year 68,938 (69,861)
159,916 340,890
Approved on behalf of the Trustees Management Committee 4AU
Mr Mohsin Munif Dr Syed Ehsan Ali
Chair Trustee
Date: / VY orf Bo 23, {A \ov\»ol
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The notes on pages 6 to 9 form part of these accounts.

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023

6

• 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 716th 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. Restricted capital funds are restricted funds applied for the purchase of capital items. These assets appear in the fixed asset section of the accounts.

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 on a 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.

7

1 ACCOUNTING POLICIES

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023

(CONT)

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	Unrestricted	Restricted	Restricted
		Income	Income	Capital	Total	Total
		Funds	Funds	Funds	2023	2022
		£	£	£	£	£
	Donations from the public	6,870	-	-	6,870	20,423
	HMRC Giftaid claim	14,575	-	~	14,575	-
	Rental income	60,391	-	-	60,391	62,459
		81,836	-	-	81,836	82,882

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023

8

;

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|||||||| |---|---|---|---|---|---|---| |3|RESOURCES|EXPENDED| |Method|of|Total|Total| |Apportionment|2023|2023|2022| |£|£|£| |Charitable|Activities| |Donation|to|Pakitan|Direct|4,995|4,995|143,388| |Governance|and|Support|Costs| |Council Tax|Direct|-|-|118| |Heat &|Light|Direct|331|331|288| |Cleaning|Direct|605|605|-| |Insurance|Direct|1,288|1,288|876| |Sundries|Direct|-|-|30| |Repairs &|Maintenance|Direct|4,899|4,899|7,263| |Accountancy &|Payroll|Direct|780|780|780| |Total|7,903|7,903|9,355| |Staff|Costs:| |Wages|and|Salaries| |There|are|no|employees|on|payroll.|

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Volunteers e -

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.

9

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023

5	TANGIBLE FIXED ASSETS
		Building	Total
		£	£
	COST
	At 1.4.22	249,912	249,912
	Disposals	(249,912)	-
	At 31.3.23	-	249,912
	DEPRECIATION
	At 1.4.22	-	-
	Charge	=	is
	At 31,3,23	om
	NETBOOK VALUE
	At 31.3.23	-	249,912
	At31.3.22	249,912	249,912

The rental property income related to 67 Withington Road and is a property that was previously three apartments that is now seven apartments. There was a misunderstading that the trust owned the property, beleving that the trusts name would be on the title deeds. It was during the year discovered that a trust cannot hold property and can’t be on the title deed. There were a number of options discussed to deal with this, the Charity could either become incorporated or a Charitable Incorporated Organisation, both of which can hold property in the name of the trust which for longevity it could be beneficial. The Trustees' finally decided it was easier to take the property out of the trust's accounts and hence disposal is shown in current year's accounts.

		2023	2022
6	CAPITALCOMMITMENTS	£	£
	Contracted for but notprovided	=	-
7	DEBTORS	£	£
	Other Debtors	-	2,780
		-	2,780
8	LIABILITIES: AMOUNTS FALLING DUE WITHIN ONE YEAR
		£	£
	Loan from trustees	14,850	14,850	‘
	Accruals	780	780
	Depositfrom tenants	4,208	4,208
		19,838	19,838

• 9 GOING CONCERN

The charity's main source of income is donation from public and rental income from properties. The trustees consider, having regard to reserves that it is 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.

10 POST BALANCE SHEET EVENTS

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

11 FINANCIAL INSTRUMENTS

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.