CHARITY REGISTRATION NUMBER: 1106596 Hussaini Charitable Trust Unaudited Financial Statements 31 March 2025 FAIRMAN DAVIS Chartered accountants 3 Exhibition House Addison Bridge Place London W14 8XP
Hussaini Charitable Trust Financial Statements Year ended 31 March 2025 Page Trustees, annual report Independent examiner's report to the trustees Statement of financial activities Statement of financial position Statement of cash flows Notes to the financial statements
Hussaini Charitable Trust Trustees, Annual Report Year ended 31 March 2025 The trustees present their report and the unaudited financial statements of the charity for the year ended 31 March 2025. Reference and administrative details Registered charity name Hussaini Charitable Trust Charity registration number 1106596 Principal office 45 Peter Avenue London NW10 2DD The trustees Mr H Sadiq Mr M Sadiq Mr H Al Khafaji Mr M Adnan Independent examiner Abdul Virji 3 Exhibition House Addison Bridge Place London W14 8XP Structure, Governance and Management The Hussaini Charitable Trust is governed by a board of trustees and is registered as a charitable trust in the UK. Trustees are appointed in accordance with the governing document and work collaboratively to ensure the charity meets its aims of advancing Islamic culture and religion. supporting the poor and sick, and promoting interfaith harmony and social wellbeing. A new Trustee was added and has undertaken the task of transforming and bringing up to date the financial structures and reporting of the charity. Charltable ObSectlves The Hussaini Charitable Trust's aims are the advancement of Islamic culture and religion through educational means and the prevention or relief of poverty. Public 8Ènefit and Activitias Undertaken The trustees confirm that they have referred to the guidance issued by the Charity Commission on public benefit when reviewing the Trust's aims and planning future activities. Educational and Religious Advancement Events and programmes were held allowing for comrnunity dialogue as well as lectures and sermons pertaining to history. issues affecting communities and academia. The Trust continued to publish Islamic educational material. working hard on a series of booklets documenting Islam in various countries. Advocating for and advising local bodies and organisalions on Islamic perspectives. Communlty Support and Poverty Relief Helped fundiaise and pay for a number of funerals. marriage registries and legal advice for Ihg most vulneraDl8 ane neeay In the community Free library services for researchers and students. Advice and conflict resolution clinics for those in need.
Hussaini Charitable Trust Trustees, Annual Report Year ended 31 March 2025 Interfaith, Community, and Charity Collaboration The premises served as a venue for intra- and interfaith dialogue, creating space for religious and secular groups to engage in community-building. Financial Review The Trust remains financially stable thanks to generous donations from private individuals, ongoing community fundraising, and prudent financial management. Most income was directed towards.. Event hosting and educational material publication. Maintenance and utility costs for community premises. The trustees, annual report was approved on 2 February 2026 and signed on behalf of the board of truslees by.. Mr H Sadiq Trustee
Hussaini Charitable Trust Independent Examiner's Report to the Trustees of Hussaini Charitable Trust Year ended 31 March 2025 I report to the trustees on my examination of the accounts of Hussaini Charitable Trust (the Trust) for the year ended 31. March 2025. Responsibilities and basis of report As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 {'the Act'}. I report in respect of my examination of the Trusl's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515)(bl of Ihe Act. Independent examiner's statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. 1. accounting records were not kept in respect of the Trust as required by section 130 of the Act,. or 2. the accoLtnts do not accord with those records. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Independent Examiner Abdul Virji 8Sc FCA Fairman Davis, Chartered Accountants 3 Exhibition House Addison Bridge Place London W14 8XP 2nd February 2026
Hussaini Charitable Trust Statement of Financial Activities Year ended 31 March 2025 2025 Unrestricted funds Total funds 2024 Total funds Note Income and endowments Donations and legacies Total income 85,905 85,905 100,774 85.905 85,905 100.774 Expenditure Expenditure on charitable activities Total expenditure 92,615 92,615 96,836 92,615 92,615 96,836 Net (expenditure)lincome and net movement in funds (6,7101 16,710) 3,938 Reconciliation of funds Total funds brought forward Total funds carried forward 8,100 8,100 4,162 1,390 1,390 8,100 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. Thè notes on pages 6 to 12 form part of thesg financial statements.
Hussaini Charitable Trust Statement of Financial Position 31 March 2025 2025 2024 Note Fixed assets Tangible fixed assets 12 1,001 Current assets Cash at bank and in hand 1,638 8,507 Creditors: amounts falling due within one year Net current as5et5 13 249 1,408 1,389 7,099 Total assets less Gurrent liabilities 1,390 8,100 Funds of the charity Unrestricted funds 1,390 8,100 Total charity funds 1,390 8,100 These financial statements were approved by the board of truslees and authorised for issue on 2 February 2026, and are signed on behalf of the board by.. Mr H Sadiq Trustee The notes on pages 6 to 12 torm part of these financial statements.
Hussaini Charitable Trust Notes to the Financial Statements Year ended 31 March 2025 General information The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is 45 Peter Avenue, London, NW10 2DD. Statement of compliance These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable to charities preparing their accounts in accordance 'Ith the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) {Charilies SORP {FRS 102)} and the Charities Act 2011. Accounting policies Basis of preparation The financial statements have been prepared on the historical cost basis. as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the functional currency of the entity. Going concern There are no material uncertainties about the charity's ability to continue. Fund accounting Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or ommitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the tarms of an appeal, and fall into one of two sub-classes.. reslricled income funds or endowment funds.
Hussaini Charitable Trust Notes to the Financial Statements (continued) Year ended 31 March 2025 Accounting policies (conflnued) Incoming resources All incoming resources are included in the statement of financial activities when entitlement has passed lo the charity.. it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied lo particular categories of income.. income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and ils amount can be measured reliably. legacy income is recognised when receipt is probable and entitlement is established. income from donated goods is measured al the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. incorne from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a conlraclual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted. Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under heading5 of the statement of financial activities to which it relate8'. expenditure on raising funds includes the costs of all fundraising activities, events, non- charitable trading activities, and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further ils charitable aims for the benefit of ils beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable aclivilies. other expenditure includes all expenditure that is neither relaled to raising funds for the charity nor part of ils expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct ¢osls atlribulable lo a single activity are allocated directly lo that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consislenl basis. Tanglble assets Tangible assets are initially recorded at cost, and subsequently slated al cost less any accumulated depreciation and impairment losses. Any tangible assets Larried at revalued amounts are recorded at the fair value al the date of revaluation less any subsequent accumulated depreciation and subsequent accumulaieu Impairrnent losses.
Hussaini Charitable Trust Notes to the Financial Statements {continued) Year ended 31 March 2025 Accounting policies (continued) Tangible assets (continued) An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless il reverses a charge for impairment that has previously been recognised as expenditure within the statement ol financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial aclivities. Depreciation Depreciation is calculated so as lo write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows.. Equipment 25'k straight line Impairment of fixed assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset. an estimate 15 made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impaiment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated lo each of the cash-generaling units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those Linils. Financial instruments A financial asset or a financial liability is recognised only when the charity becomes a party to the Oiltractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs. Current assets and current liabilities are subsequently measured at the cash or olher consideration expected to be paid or received and not discounted. Debt inslruments are subsequently measured at amortised cost. Where investment?> in shares are publicly traded or their fair value Gan othemise be measured reliably. the investment is subsequently measured at fair value with change5 in fair value recognised in income and expenditure. All other such invttstments ara gub*equantly m&Asurèd at cost less Impairment.
Hussaini Charitable Trust Notes to the Financial Statements (continued) Year ended 31 March 2025 Accounting policies (corttinuedj Financial instruments fcontlnued) Other financial instruments, including derivalives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured al fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship. Financial assets that are measured at cost or amortised cosl are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairmenl loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised. For all equily instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds whal the carrying amount would have been had the impairment not previously been recognised. Defined contribution plans Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises. Donations and legacies Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Donations Donations 85.905 85.905 100,774 100,774 Expenditure on charitable activities by fund type Unrestricled Totsl Funds Unrestricted Total Funds Funds 2025 Funds 2024 Activity 5uppon cosis 20,346 72.269 20.346 72,269 29.007 67,829 29.007 67,829 92,615 92,615 96,836 96,836
Hussaini Charitable Trust Notes to the Financial Statemonts (continued? Year ended 31 March 2025 Expenditure on charitable activities by activity type Activities undertaken directly Support Total funds costs 2025 Total fund 2024 Activity Governance costs 20,346 67,453 4,816 87,799 4,816 95,972 864 20,346 72,269 92.615 96,836 Analysis of support costs Total 2025 Total 2024 Staff costs Premises General office 37,069 23,562 11,637 43.510 16,238 5.170 72,269 64,918 Net (expenditurellincome Nel lexpendilure}lincome is slated after chargingllcrediting).. 2025 2024 Depreciation of langible fixed assets 1,000 1,000 Independent examination fees 2025 2024 Fees payable to the independent examiner for.. Independent examination of the financial statement8 2,500 2,500 10. Staff costs The total $taff costa and employee benefits for the reporting period are analysed as follows.. 2025 2024 Wages and salaries E-mployer contributions to pension plans 38,519 340 74,761 668 38,8b9 75,429 The average head COLint of employees during the year was Nil (2024.. Nil). No employee received employee benefits of more than £60,000 during the year12024. Nil). 10
Hussaini Charitable Trust Notes to the Financial Statements (continued) Year ended 31 March 2025 11. Trustee remuneration and expenses No remuneration or other benefits from employment with the charity or a related entity were received by the trustees. 12. Tangible fixed assets Equipment Cost At 1 April 2024 and 31 March 2025 Depreciation At 1 April 2024 Charge for the year At 31 March 2025 4,001 3,000 1,000 4,000 Carrying amount At 31 March 2025 At 31 March 2024 1,001 13. Creditors: amounts falling due within one year 2025 2024 Social security and other taxes Other creditors 249 855 553 249 1,408 14. Pensions and other post retirement benefits Defined contribution plans The amount recognised in income or expenditure as an expense in relation to defined contribution plans was nil12024.' nill. 15. Analysi5 of charitable funds Unrestricted funds At 31 March 20 25 At 1 April 2024 Income Expenditure General funds 8,100 85,905 {92,6151 1,390 At 31 March 20 24 At 1 April 2023 Income Expenditure General funds 4,162 100,774 (96,836) 8,100 11