**+**
**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**
**1**
## **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:
1. 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
2
## **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
**-3-**
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:
1. 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
2. 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|**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**
|**Fixed assets**
**Tangible assets (Note 5)**
**Investments**
**_Total fixed assets_**
**Current assets**
**Stock and work in progress**
**Debtors (Note 6)**
**(Short term) investments**
**Cash at bank and in hand**
**_Total current assets_**
**Creditors: amounts falling due within one**
**year (Note 7)**
**_Net current assets/(liabilities)_**
**_Total assets less current liabilities_**
**Creditors: amounts falling due after one**
**year (Note 7)**
**Provisions for liabilities and charges**
**_Net assets_**
**Funds of the Charity**
**Unrestricted funds**
**Restricted funds**
**Total unrestricted plus restricted funds**
**Balance bf**
**_Total funds_**
Signed by one or two trustees on behalf of all the
trustees
Mr M.Sadiq (Karbassi)|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|
|||||
**-6-**
## **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.|
**-7-**
## **(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.
**-8-**
## **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**|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|
**-9-**
## **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 -----**
**-10-**
**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|