2021-03-31-accounts - Hussaini Charitable Trust

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Hussaini Charitable Trust Trustee Report And Financial Statements For the year ended 31 March 2021

Hussaini Charitable Trust Trustee Report and Financial Statements For the year ended 31 March 2021

Content	Page
Charity Information	1
Trustees Annual Report	2-3
Accountant’ Report	4
Statement of Financial Activities	5
Balance Sheet	6
Notes to the Financial Statement	7-11

Hussaini Charitable Trust Charity Information

Registered number 1106596

Accountants

M.D.Omer & Co Chartered Certified Accountants & Registered Auditors 259-269 Old Marylebone Road London NW1 5RA

Registered office 45 Peter Avenue London NW10 2DD

Bankers HSBC 91 High Road London NW10 2TA

Hussaini Charitable Trust Trustee Report For the year ended 31 March 2021

The Trustees present their report together with the financial statement of Supplementary School Charitable Trust for the year ended 31 March2021.

Objective of the Charity

The objects of the Society are:

To promote and advance education

Trustees Mrs M Sadiq M Sadiq (Karbassi) Mrs A Sadiq

Accounting policies

The accounts are prepared under the historical cost convention in accordance with Accounting and Reporting by Charities Statement of Recommended Practice (SORP 2005) and the Charities Act 1993. There have been no changes to the accounting policies during the year.

Risk Management

The Trustees have examined the major strategic, business and operational risks which the society faces and confirm that the systems have been established to enable regular reports to be produced so that the necessary steps can be taken to lessen these risks.

Reserves

The society has adequate reserves to fulfil its charitable obligations towards advancement of Education

Hussaini Charitable trust Trustee Report For the year ended 31March 2021

Trustees’ Responsibilities in relation to the financial statements

Law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year. Under that law the Trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). The financial statements are required by law to give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for that period.

In preparing these financial statements, the Trustees are required to:

select suitable accounting policies and then apply them consistently
make judgements and estimates that are reasonable and prudent
prepare financial statements on going concern basis unless it is inappropriate that the charity will continue in operation

The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the financial statements comply with the Charity Act 1993. The Trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Please note that this Charity is not dependent on Public funds.

Signed on behalf of Trustees

Mr M Sadiq (Kabassi)

Trustee

Date: 15 /06/ 2021

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Hussaini Charitaable Trust

Accountant’s Report to the Hussaini Charitable trust for the year ended 31 March2021

Respective Responsibilities of Trustees

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 42(2) of the Charities Act 1993 (the 1993 Act) and that an independent examination is needed.

It is our responsibility to:

examine the accounts (under section 43(2) (a) of the 1993 Act
to follow the procedures laid down in the General Directions given by the Charity Commission (under section 43(7)(b) of the 1993; and
to state whether particular matters have come to our attention.

Basis of independent Examiner’s Statement

Our examination was carried out in accordance with the General Directions given by the Charities Commissioners. 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 we do not express an audit opinion on the view given by these accounts.

Independent Examiner’s Statement

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

which gives us reasonable cause to believe that in any material respect the requirements:
to keep accounting records in accordance with section 41 of the Act; and
to prepare accounts which accord with the accounting records and comply wit the accounting requirements of the Act have not been met; or
to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

M.D Omer &Co

Chartered Certified Accountants & Registered Auditors 259-269Old Marylebone Road London NW1 5RA

Date: 15/06/2021

Statement of financial activities For the year ended 31 March 2021

Descriptions by natural category Note Unrestricted funds Restricted income funds Endowment funds Total this year Total last year £ £ £ £ £ Incoming resources F01 F02 F03 F04 F05 Donations, legacies and Grants 120547.56 106127.6 5 *Total incoming resources* S01 120547.56 106127.6 5 Resources expended (Notes 3-5) Donations and Grants Wages, salaries, pensions and NI 74245.1 60728.7 Teaching material Rent, rates and Insurance 24000.00 24000 Heating 8080.04 2838.88 Repairs and maintenance 2164.34 0 publications & Cultural activities Printing, postage and stationery 4822.18 6000 Telephone and internet 648.6 9221.06 Teaching material and Books Bank charges and interest Cleaning Accountancy fees 2100.00 2000 Depreciation 120 Bank charges *Total resources expended* S02 116060.26 104908.6 4 *Net incoming/(outgoing) resources* *before transfers* S03 - - 4487.3 1219.01 *Gross transfers between funds* S04 - - *Net incoming/(outgoing) resources* *before other recognised* *gains/(losses)* S05 - - 4487.3 1219.01 Other recognised gains/(losses) Gains and losses pus depreciation S06 - - - 4487.30 1219.01 Gains and losses on investment assets S07 - - - 0 120 *Net movement in funds* S08 - - 4487.3 1339.01 Total funds brought forward S09 - - 4487.3 1339.01	Descriptions by natural category Note Unrestricted funds Restricted income funds Endowment funds Total this year Total last year £ £ £ £ £ Incoming resources F01 F02 F03 F04 F05 Donations, legacies and Grants 120547.56 106127.6 5 *Total incoming resources* S01 120547.56 106127.6 5 Resources expended (Notes 3-5) Donations and Grants Wages, salaries, pensions and NI 74245.1 60728.7 Teaching material Rent, rates and Insurance 24000.00 24000 Heating 8080.04 2838.88 Repairs and maintenance 2164.34 0 publications & Cultural activities Printing, postage and stationery 4822.18 6000 Telephone and internet 648.6 9221.06 Teaching material and Books Bank charges and interest Cleaning Accountancy fees 2100.00 2000 Depreciation 120 Bank charges *Total resources expended* S02 116060.26 104908.6 4 *Net incoming/(outgoing) resources* *before transfers* S03 - - 4487.3 1219.01 *Gross transfers between funds* S04 - - *Net incoming/(outgoing) resources* *before other recognised* *gains/(losses)* S05 - - 4487.3 1219.01 Other recognised gains/(losses) Gains and losses pus depreciation S06 - - - 4487.30 1219.01 Gains and losses on investment assets S07 - - - 0 120 *Net movement in funds* S08 - - 4487.3 1339.01 Total funds brought forward S09 - - 4487.3 1339.01	Descriptions by natural category Note Unrestricted funds Restricted income funds Endowment funds Total this year Total last year £ £ £ £ £ Incoming resources F01 F02 F03 F04 F05 Donations, legacies and Grants 120547.56 106127.6 5 *Total incoming resources* S01 120547.56 106127.6 5 Resources expended (Notes 3-5) Donations and Grants Wages, salaries, pensions and NI 74245.1 60728.7 Teaching material Rent, rates and Insurance 24000.00 24000 Heating 8080.04 2838.88 Repairs and maintenance 2164.34 0 publications & Cultural activities Printing, postage and stationery 4822.18 6000 Telephone and internet 648.6 9221.06 Teaching material and Books Bank charges and interest Cleaning Accountancy fees 2100.00 2000 Depreciation 120 Bank charges *Total resources expended* S02 116060.26 104908.6 4 *Net incoming/(outgoing) resources* *before transfers* S03 - - 4487.3 1219.01 *Gross transfers between funds* S04 - - *Net incoming/(outgoing) resources* *before other recognised* *gains/(losses)* S05 - - 4487.3 1219.01 Other recognised gains/(losses) Gains and losses pus depreciation S06 - - - 4487.30 1219.01 Gains and losses on investment assets S07 - - - 0 120 *Net movement in funds* S08 - - 4487.3 1339.01 Total funds brought forward S09 - - 4487.3 1339.01	Descriptions by natural category Note Unrestricted funds Restricted income funds Endowment funds Total this year Total last year £ £ £ £ £ Incoming resources F01 F02 F03 F04 F05 Donations, legacies and Grants 120547.56 106127.6 5 *Total incoming resources* S01 120547.56 106127.6 5 Resources expended (Notes 3-5) Donations and Grants Wages, salaries, pensions and NI 74245.1 60728.7 Teaching material Rent, rates and Insurance 24000.00 24000 Heating 8080.04 2838.88 Repairs and maintenance 2164.34 0 publications & Cultural activities Printing, postage and stationery 4822.18 6000 Telephone and internet 648.6 9221.06 Teaching material and Books Bank charges and interest Cleaning Accountancy fees 2100.00 2000 Depreciation 120 Bank charges *Total resources expended* S02 116060.26 104908.6 4 *Net incoming/(outgoing) resources* *before transfers* S03 - - 4487.3 1219.01 *Gross transfers between funds* S04 - - *Net incoming/(outgoing) resources* *before other recognised* *gains/(losses)* S05 - - 4487.3 1219.01 Other recognised gains/(losses) Gains and losses pus depreciation S06 - - - 4487.30 1219.01 Gains and losses on investment assets S07 - - - 0 120 *Net movement in funds* S08 - - 4487.3 1339.01 Total funds brought forward S09 - - 4487.3 1339.01
120547.56 106127.6 5

120547.56 106127.6 5


74245.1 60728.7

24000.00 24000
8080.04 2838.88
2164.34 0

4822.18 6000
648.6 9221.06



2100.00 2000
120

116060.26 104908.6 4
- - 4487.3 1219.01
- -
- - 4487.3 1219.01

- - - 4487.30 1219.01
- - - 0 120
- - 4487.3 1339.01
	-	-	4487.3 1339.01

Balance sheet As at 31 March 2021

Note Total this year £ F01 B01 4000.61 B02 B03 B04 4000.61 B05 B06 B07 B08 2743.95 2743.95 B10 0 B11 B12 6744.56 B13 B14 B15 6744.56 B16 0 B17 B18 6744.56 B19 B20 6744.56	Note Total this year £ F01 B01 4000.61 B02 B03 B04 4000.61 B05 B06 B07 B08 2743.95 2743.95 B10 0 B11 B12 6744.56 B13 B14 B15 6744.56 B16 0 B17 B18 6744.56 B19 B20 6744.56	Total last year £ F02
	4000.61	357


	4000.61	357




	2743.95	1339.01
	2743.95	1339.01

	0	57696.11

		56000.1

	6744.56	56000.1




	6744.56	56000.1

	0


	6744.56	56000.1


	6744.56	56000.10

Signature		Date of approval
		15/6/2021

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Hussaini Charitable Trust Notes to the accounts For the year ended 31 March 2021

Note 1 Basis of preparation

1.1 Basis of accounting

These accounts have been prepared on the basis of historic cost in accordance with:

Accounting and Reporting by Charities – Statement of Recommended Practice (SORP 2005); and with Accounting Standards;
and with Accounting Standards;
and with the Charities Act 1993.

1.2 Change in basis of accounting

There has been no change to the accounting policies (valuation rules and methods of accounting) since last year

1.3 Changes to previous accounts

No changes have been made to accounts for previous years

Note 2 Accounting policies

INCOMING RESOURCES

Recognition of incoming	These are included in the Statement of Financial Activities (SoFA)
	when:
Resources	 the charity becomes entitled to the resources;
	 the trustees are virtually certain they will receive the
	resources; and
	 the monetary value can be measured with sufficient reliability.
Incoming resources with related expenditure	Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resources and related expenditure are reported gross in the SoFA.
Grants and donations	Grants and donations are only included in the SoFA when the
	charity has unconditional entitlement to the resources.
Tax reclaims on donations	Incoming resources from tax reclaims are included in the SoFA at
and gifts	the same time as the gift to which they relate.
Contractual income and	This is only included in the SoFA once the related goods or
performance related	services have been delivered.
grants
Gifts in kind	Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised.
	Gifts in kind for sale or distribution are included in the accounts as
	gifts only when sold or distributed by the charity.
	Gifts in kind for use by the charity are included in the SoFA as
	incoming resources when receivable.

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(Cont.)

Donated services and facilities

Volunteer help

Investment income

These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material . The value placed on these resources is the estimated value to the charity of the service or facility received.

The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report.

This is included in the accounts when receivable.

EXPENDITURE AND LIABILITIES

Liability recognition

Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.

Grants with performance Where the charity gives a grant with conditions for its payment conditions being a specific level of service or output to be provided, such grants are only recognised in the SoFA once the recipient of the grant has provided the specified service or output.

Grants payable without performance conditions

These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to the grant which remain in the control of the charity.

ASSETS

Tangible fixed assets for These are capitalised if they can be used for more than one year, use by charity and cost at least £100. They are valued at cost or a reasonable value on receipt.

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Hussaini Charitable Trust Notes to the accounts For the year ended 31 March 2021

Note 3 Details of certain items of expenditure

3.1 Trustee expenses

Number of trustees who were paid expenses Nature of the expenses Total amount paid 3.2 Fees for examination or audit of the accounts Independent examiner’s or auditors' fees for reporting on the accounts Other fees (for example: advice, consultancy, accountancy services) paid to the independent examiner or auditor

----- Start of picture text -----
This year Last year
None None
None None
None None
This year Last year
£ £
2100 2100
None None
----- End of picture text -----

Note 4 Paid employees

4.1 Staff Costs

Gross wages, salaries and benefits in kind Employer’s National Insurance costs Pension costs Total staff costs 4.2 Average number of full-time equivalent employees in the year The parts of the charity in which the employees work Researcher Total	This year Last year £ £	This year Last year £ £
	74245.10 60730
	0
	-
	-


	This year Last year Number Number
Researcher	6 7
	- -
	- -
	- -
Total	6	7

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Hussaini Charitable Trust Notes to the accounts For the year ended 31 March 2021

Note5 Tangible fixed assets

5.1 Cost or valuation

----- Start of picture text -----
£ £ £ £ £ £
Balance brought - 477 - 477
forward
Additions - - - - - -
Revaluations - - - - - -
Disposals - - - - - -
Transfers * - - - - - -
Balance carried - 0 477 - 477
forward
5.2 Accumulated depreciation and impairment provisions
Basis SL SL SL
Rate 10% 20% 25%
Balance brought - - 477
forward 477
Depreciation - 120 120
charge for year
283Impairment - - - - - -
provisions
Revaluations - - - - - -
Disposals - - - - - -
Transfers - - - - - -
Balance carried - 357 - 357
forward
5.3 Net book value
Brought forward - 357 - 477
Carried forward - 357 - 477
Freehold land & buildings Refurbishme nt Project (Lease) Office furniture & equipment Fixtures, fittings and equipment Payments on account and assets under construction Total
----- End of picture text -----*

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Hussaini Charitable Trust Notes to the accounts For the year ended 31 March 2021

Note 6 Debtors and prepayments

Analysis of debtors Trade debtors Amounts due from subsidiary and associated undertakings Other debtors Prepayments and accrued income Total	Amounts falling due within one year Amounts falling due after more than one year
	This year Last year This year Last year
	£ £ £ £
	- - - -
	- - - -
	- - - -
	- - - -
	- - - -

Note 7 Creditors and accruals

7.1 Analysis of creditors

7.1 Analysis of creditors
Loans and overdrafts Trade creditors Amounts due to subsidiary and associated undertakings Other creditors Accruals and deferred income Total	Amounts falling due within one year Amounts falling due after more than one year
	This year Last year This year Last year
	£ £ £ £
	57696.11
	- - - -
	- - - -
	- - - -
	- -
	-	-	-	57696.11