HEFAZOTHE ISLAM UK Charity number-1115709 Financial Statement for the Year Ended 31 March 2024
HEFAZOTHE ISLAM UK Year Ended 31 March 2024 Contents Page no Information Page Report of the trustees Independent Examiner's Report 10 Statement of Financial Activities Balance Sheet 12 Notes to the financial statements 13-16
Hefazothe Islam UK Year Ended 31 March 2024 Charity Information Trustees Mr Sheik Badrul Alom Hamidi Mr Akhtar Hussain Mr Mohammed Sajid Ali Menon Mr Shofik Uddin Mr Muhammad Abdus Samad Khan Charity No.. 1115709 Address 534 Barking Road Plaistow London E13 8QE Independent Abacus Partners (Ldn) LLP Examiner Chartered Certified Accountants Untt A, Abbotts I4harf London E14 6JL Banker NATWEST BANK PLC Forest Gate Branch 300 Romford Road London E7 9SH
Trustees, Report Hefazote Islam UK For the Year Ended 2024 The Trustees present their report and the financial statements for the year ended 31 March 2024. Governing Instrument: The charity's objects and regulations are regulated by the constitution adopted on 21 July 2006 and the charity is a unincorporated association. The same is registered as charity with effect from 6 August 2006. The objects of the charity are to promote any charitable purpose for the benefit of the Muslim inhabitants of the United Kingdom and in particular for those inhabitants who are of Muslim Bangladeshi origin. In particular to advance Islamic religion, education and training. to relieve poverty, suffering and distress. and to protect and promote public health in Bangladesh. The charity is organised with a committee (Board of Trustees) elected by the members to oversee the overall activities, and one of the committee members is nominated as chairperson, to monitor the day to day running of thE charity. Trustees andlor principal officers: The following officers of the charity have held office for the whole of the year. Mr Sheik Badrul Alom Hamidi MrAkhtsr Hussain Mr Muhammad Abdus Samad Khan Chairman Secretary Treasurer The trustees are eligible, in committee, to appoint additional trustees under the terms of the constitution. How the charity raised funds: Individual giving TV campaigns on a local broadcasting statÈon, specifically targeting Bangladeshi viewers Monthly standing orders Charity events and campaigns Rental income from office room bire Charitable causes we supported and the support provided: We managed a community facility that served as a vital space for a variety of activities, including: Daily prayer services Wellbeing activities Spiritual circles Educational initiatives Ramadan Iftar events Eid celebrations and prayers Friday Jummah prayers
Our charitable efforts in Bangladesh included several key projects: Qurbani Student sponsorship Flood relief Planting trees to promote environmental sustainability Enhancing the MUGA field in front of th¢ school to improve recreational facilities Establishing a fish farn] to support orphaned children Providing education, including language courses in English. Arabic, and Urdu Offering free medical treatments to the destitute Distributlng winter clothing and food to those suffering from extreme poverty Building temporary homes for those affected by floods Qurbani Distribution 2023 - Nourishing Communities Objective To distribute Qurbani meat to orphans and ncedy families, ensuring that they could celebrate Eid al-Adha with dignity and joy. Beneficiaries Direct beneficiaries: 3,500 families Indirect beneficiaries: Approximately 13,500 individuals Financial Breakdown Total Cost: £44,100 Unit Cost per Family: BDT 4,900 (£32.70) Total Expenditure: BDT 6.15,000 Impact For many families. Eid is a time of joy, but for those struggling to meet daily food needs, it can be a painful reminder of their hardships. Tlyough the power of individual donations, we ensurcd that 3,500 families received fresh Qurbani meaL allowing them to partake in the celebrations with dignity. Amina, a widowed mother of thTee, shared, "This Eid, my children smiled because we had a meal to share. Your kindness made our celebration complete. ' Stories like Amina's highlight the profound impact of individual generosity in alleviating food insecurity.
Student Sponsorship - fairer opportunities Objective To provide daily meals and healthcare support to orphans and needy students over a six- month period, enabling them to focus on their education and personal development. Beneficiaries 850 students Financial Breakdown TotaI Cost: £189,000 Breakfast, Lunch, and Dinner Costs: £166,000 Healthcare Support: £2,000 Impact Education is a fundamental right. but hunger and poor health can prevent children from reaching their potential. Thanks to the generosity of individual donors, 850 young learners received nutritious mcals and essential healthcare. Rahim, a 12-year-old aspiring doctor, expressed, "Wiih regular meals and health check-ups, I canfocus on my studies and dream of a betterfuture. ' Your support has not only provided nourishment but has also empowered children to pursue their ambitions without the burden of hunger. Qurbani Distribution 2024 - Expanding Our Reach Objective To expand our Qurbani meat distribution to reach more families during Eid al-Adh4 ensuring that even the most vulnerable cornmunities can partake in the celebrations. Beneficiaries Direct beneficiaries: l 0,000 families Indirect benefieiaries: Approximately 50.000 individuals Financial Breakdown Total Cost: £75,000 Unit Cost per Family: BDT 2,250 {£15) Total Expenditure: BDT 1,12,50.000
Impact Building on our previous year's efforts, we significantly expanded our reach, ensuring that I 0,000 families had access to nutritious meat during Eid. Ahmed, a father of five, shared, "Foryears, Eid was just anoiher day ofstruggle. This lime, wefelt the true spirit ofthefeslival. ' Individual giving has transformed this project, allowing us to scale up and support more families than ever before. Flood Relief 2024: Providing a Lifeline in Crisis Objective To provide emergency relief to families affected by severe flooding, offering immediate assistance to help them rebuild their lives. Beneficiaries Direct beneficiaries: 1,100 families Indirect beneficiaries: Approximately 5,500 individuals Financial Breakdown Total Cost: £22,000 Unit Cost per Family: BDT 6,000 (£40) Total Expenditure: BDT 3,30,000 Impact Natural disasters disproportionately affect the most vulnerable. Your donations enabled us to respond swiftly, providing food, medical supplies, and temporary shelter. Fatima, a flood survivor, recounted, "Whe17 ihe walers rose, we lost everything. Your help gave us shelter and hope to start anew. ' The power of individual giving has proven to be a lifeline in times of crisis. Student Sponsorship Program 2024: Sustaining Educational Journeys Objective To continue and expand our support for orphans and needy students over an eleven-month period, ensuring their long-tern] well-being and academic success.
Beneficiaries 950 students Vinancial Breakdown Total Cost: £335,000 Breakfast, Lunch, and Dinner Costs: £285,000 Healthcare Support: £3,500 Impact Recognizing the ongoing needs of our students, we extended the program to support 950 individuals for n¢arly a year. Leila, a young scholar, shared, "With your supporl, I have the energv to study and the medicine to stay healthy. I believe J can achieve my dreams. ' Your generosity has not only provided meals but has also nurtured aspirations, shaping the future of countless children. Financial Summary Project Total Expenditure (BDT) Total Expenditure (GBP) Qurbani 2023 6,15,500 £44,100 Student Sponsorship 2023 2.83,50,000 £1,89,000 Qurbani 2024 1,12,50,000 £75,000 Flood Relief 2024 3.30,000 £22,000 Student Sponsorship 2024 3.75,75,000 £335,000 Total 8,70,90,000 £580,600 The projects outlincd in this report serve as a testament to the profound impact of individual donations. Every meal provided, every shelter built, and cvery child educated has been made possible by the kindness of those who chose to give. Your generosity has transfomed lives, offering not just aid but hope, dignity, and a future filled with possibilities. As trustees, we extend our deepest gratitude to every individual who has contributed to our mission. Together, we are changing the world-one act of kindness at a time.
HEFAZOTHE ISLAM UK Year Ended 31 March 2024 Trustees. Report Review of Transactions and Financial Position.. The Statements of Financial Activities shows a deficit of £191.923 for this year, with the Balance Sheet value of £825,287. Statement of Trustees, Responsibilities The trustees are responsible for preparing the Trustees, Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England & Wales 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 of the charity for that period. In preparing these financial statements, the trustees are required to.. select suitable accounting policies and then appty them consistently. observe the methods and principles in the Charits'es SORP (FRSSE make judgements and estimates that are reasonable and prudent., state whether applicable accounting standards have been followed, 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 operation. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They 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. Independent Examiner: Abacus Partners (Ldn) LLP were reappointed as the independent examiner for the following year. This report has been prepared in accordan with the Statement of Recommended Practice: Accounting and Reporting by Charities (2011). This report was approved by the trustees on 27 January 2025, and Signed on behalf of the board of trustees, -on their behatf Mr Sheik Badrul Alom Hamidi (Chairman)
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HEFAZOTHE ISLAM UK For The Year Ended 31 March 2024 I report on the accounts of the charity for the year ended 31 March 2024 which are set out on pages 11 to 16 and prepared on the basis of accounting policies set out on page 11. 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's gross income did not exceed £250,000 and I am qualified to undertake the examination by being a qualified member of The Association of Chartered Certified Accountants {ACCA). It is my responsibility to- examine the accounts under section 145 of the 2011 Act. follow the prOdureS 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 ststement below. Independent examinerfs statement In connection with my examination. no matter has come to my attention: 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 to which, in my opinion, attenb'on should be drawn in order to enable a proper understanding of the ccoun be reached. MRN HOWDHURY FCCA Abacus Partners {Ldn) LLP Chartered Certified Accountants Unit A, Abbotts Wharf 93 Stainsby Road London E14 6JL Date: 27 January 2025 10
HEFAZOTHE ISLAM UK STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 Total 2024 Total 2023 Unrestricted Restricted INCOME AND EXPENDITURE Notes INCOMING RESOURCES Voluntary Income Investment Income 63,333 63,333 17,500 446,610 89,452 17.500 15,598 Charitable Activities income 89.322 357,288 357,808 Total Income 170.155 357,288 527,443 462,868 RESOURCES EXPENDED Voluntary Cost Fundraising Cost Direct charttable activities 98,518 602,966 98,518 130,500 244,589 1,812 16.070 604,778 Govemance and Support Cost 16,070 13,150 Total Resources Expended 17,882 701,484 719,366 388.239 NET INCOME IIDEFICIT) FOR THE YEAR 152,273 (344,196) (191,923) 74,619 Fund as at 1 Aprll 2023 827,921 189,290 1,017,210 942,591 Funds as at 31 March 2024 980,194 154,906 825,287 1,017,210 The notes on pages 13 to 16 fOn part of these accounts. 11
HEFAZOTHE ISLAM UK BALANCE SHEET AS AT 31 MARCH 2024 Total 2024 Totsl 2023 Notes FIXED ASSETS: Tangible Assets 10 664,850 665,689 Current Assets: Debtors & prepayments Cash at Bank and in hand 11 278,729 278.735 505,302 505,302 Creditors: Amount falling due within one year Net Current Assets 12 30,508 33.091 472.211 1,137,900 248.227 913,077 Creditors: Amount falling due more than one ye< 13 87,790 120,690 Total Net Assets 825,287 1.017,210 Funds Unrestricted funds.. General 15 270,228 555,059 315,438 825,287 512,483 Designated 15 827,921 Restricted Funds 15 189,290 Total Funds 825,287 1,017.210 Approved by the Board of Trustees on 27 January 2025 and signed on its behalf by Mr Sheik Badrul Alom Hamidi (Chairman) Mr Akhtar Hussain {Secretary) The notes on pages 13 to 16 form part of these accounts. 12
HEFAZOTHE ISLAM UK Notes to the financial statements for the year ended 31 March 2024 1 Accounting Policies 1.1 Basis of preparatlon of accounts: The Financial Statements have been ppared in accordance wth Accounting and Reporting by Charities: Statement of Recommended practi applicable to charities preparing their accounts in accordance with the Financial Reporting Standard for Smaller Entities published on 16107114. the Financial Reporting Standard for Smaller Entilies {FRSSE), and the Charities Act 2011 and applicable regulations. Assets and liabilities are initially recognised at histortcal cost or transaction value unless otherwise stated in the relevant accounkn'ng policy note{s). 1.2 Income Recognition". All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity is legally entitled to the income after any perfornian conditions have been met, the amount can be measured reliably and it is probable that the income will be received. Donation and other income recognised when received. Grants for irnmediate expenditure are accounted for when they become receivable. GrantslDonation restricted to future accounting period are deferred and recognised in those pertods. GrantslDonation for specific project are treated as restricted to the projects clhvd for future operation. 1.3 Allocation of cost: Costs are allocated between restricted and unrestricted fund according to the terms of income. Where items expended are mixed, Ihey are apportioned between the Categories according to the income they relate to as well as using best possible professional judgements. 1.4 Support cost.. Support costs are those functions that assist the WO of the charity but do not directly undertake charitable activities. Support costs include back Offi costs, finance, personnel, payroll and governance costs which support the Trusts programmes and activities. These costs have been allocated between cost of raising funds and expenditure on charitable activities. 1.5 Tangible fixed assets and depreciation: Fixed assets for the charity used are capitalised at cost. They are stated in the accounts at cost less depreciation. Depreciation is calculated to write off the cost less their estimated residual value. over their expected useful lives on the following bases: Fumiture and equipments Motor Vehicles 250kn St line none 1.6 Funds: • Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. Designated funds comprise unrestricted fvnds that have been set aside by the twstees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements. Restricted funds are funds which are to be used in accordance wth specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restrFCted fund is set out in the notes to the financial statements. 13
HEFAZOTHE ISLAM UK Notes to the financial statements for the year ended 31 March 2024 1.7 Reconciliation of new and previous Generally Accepted Accounting Practice (GAAP): There is no requirement of balance sheet and net incomel(expenditure} restatement for adoption of FRSSE 2015, therefore, no reconciliation is shown. 1.8 Going concern Al the lime of approving the aco)unls, the trustees have a reasonable expectstK)n that the chaty h1 adequate resour$ to continue in operational existsnce for the forseeable ftjture. Thus the trustees continue lo adopt the going concem basis of accounting in preparing accounts. 2 Incomlng Resources The incoming resources and surplus are attributable to the principal activities of the charity- INCOME SUMMARY 3 Voluntary Income: Unrestricted Restricted 2024 2023 Other income General donation 63,333 63.333 63,333 63,333 89,452 89,452 4 Investment Income: Unrestricted Restricted 2024 2023 Rental Income 17.500 17,500 15,598 5 Charitable Activities Income: Unrestricted Restricted 2024 2023 Appeal for Borun Madrasha Al Khalil Foundation 60,322 29,000 89,322 241.288 116,000 357.288 301,610 145,000 446,610 35,780 35,780 Total Income 170,155 357,288 527,443 140,830 EXPENSES SUMMARY 6 Voluntary Cost: Unrestricted Restricted 2024 2023 Subscriptions 7 Fundraising Cost: Unrestricted Restricted 2024 2023 TV and other appeals 98,518 98,518 98,518 98.518 130,500 130,500 8 Charltsble Actlvltles Cost: Unrestricted Restricted 2024 2023 Wages and salaries Projects Expenses: Bangladesh Project expenses- Re- Al Khalil Trevelling expenses Light, Heat and water Computer and other equipments Printing, postage & stationery Telephonellntemet 18,579 437,970 142,549 2,303 18,579 437,970 142,549 2,303 1,812 6,142 225,500 7,500 2,622 1,575 1,812 885 680 602.966 885 680 604.778 690 560 244,589 1.812 14
HEFAZOTHE ISLAM UK Notes to the financial statements for the year ended 31 March 2024 9 Governance and Support Cost: Unrestricted Restricted 2024 2023 Wages & salaries Printing, Postage and Stationery Repairs & Maintenance Telephonellntemet Accountancy & examinations Legal & professional Bank Interest and Charges Depreciation charge Sundry expenses 4,645 885 3,015 227 1,350 2,021 1,430 838 1,660 16.070 4,645 885 3,015 227 1,350 2.021 1,430 838 1,660 16,070 1,536 690 5,000 187 1,350 1,757 1,617 838 176 13,150 Total Expenses 17,882 701,484 719,366 388,239 10 TANGIBLE FIXED ASSETS: Land & Fixlure & Building Fitting Motor Vehicle Total Cost.. At 1 st April 2023 Addition-lmprovement Disposal 663.173 672,517 663,173 9,344 6,829 6,829 672,517 Depreciation: At 1 st April 2023 Depreciation on disposal Charge for the year 6,829 838 7,667 838 7,667 Net Book Value As at 31 March 2024 663.173 1.677 664,850 As at 31 March 2023 663.173 2.515 665,688 11 DEBTORS & PREPAYMENTS: 2024 2023 Other Debtors 12 CREDITORS: AMOUNT FALLING DUE WITHIN ONE YEAR 2024 2023 Accruals and other creditors Private Loan.. Qard-e- Hasana 8,508 22,000 3,091 30,000 30,508 33,091 13 CREDITORS: AMOUNT FALLING MORE THAN ONE YEAR 2024 2023 Private Loan.. Qard -e - Hasana 87,790 120,690 87,790 120,690 Private Loan- In Islam it is called Qard e Hasana meaning moral obligation to repay on demand if possible but there is no interest or security given and loans are from its benefactors. 15
HEFAZOTHE ISLAM UK Notes to the financial statements for the year ended 31 March 2024 14 STAFF EMOLUMENTS: The charity started employing 2 persons during the year and total cost was £23,224 (2023-£7,678). No remuneration was paid to any trustees or their associates during the year ended 31.03.2024, nor during 31.03.2023. 15 MOVEMENT IN FUNDS: Unrestricted Designated Total Fund Fund Unrestricted Restricted Fund Total As at 1 April 2023 315,438 512.483 827,921 189,290 1,017,210 Current year 152,273 152,273 344,196 191,923 Fund Transfer (197.483) 42.577 154,906 154,906 As at 31 March 2024 16 TAXATION The entity is a registered charity and does not undertake non-charitable activities, and is entitled for tax exemption by HMRC. 17 POST BALANCE SHEET EVENTS There were no significant post balance sheet events. 18 TRANSACTIONS WITH TRUSTEES There were no transactions with the trustees during the year. 19 CONTINGENT LIABILITIES The charity had no contingent liabilities as at 31 March 2024, nor at 31 March 2023. 20 RELATED PARTIES TRANSACTIONS There were no related party transactions to be disclosed during the year. 21 GIFTS IN KIND AND VOLUNTEERS During the year the charity benefited from unpaid work perfomied by volunteers. 16