HUSAINI SUFI MEDITATION CIRCLE UNAUDITED FINANCIAL STATEMENTS AND TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2024 REGISTERED CHARITY NUMBER 1117889 AAA Accounting Limited Chartered Certified Accountants 36-38 Station Parade Barking? England IGII 8DR
HUSAINI SUFI MEDITATION CIRCLE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 Page Members of boards and professional advisors Trustees annual report Independent examiners report to the tNstees Statement of financial activities Balance sheet Notes to the financial statements
HUSAINI SUFI MEDITATION CIRCLE MEMBERS OF THE BOARD AND PROFESSIONAL ADVISERS Registered charity name Husaini Sufi Meditation Circle Charity number 1117889 Registered Office 26 The Furrows Luton LU3 2LF Trustees Mr Imran Shafiq Khan (Chair) Mr Mahmood Awan Mr Muhammad Salman Ms Khadija Sayyid Independent examiners AAA Accounting Limited Chartered Certified Accountants 36-38 Station Parade Barking, England IGII 8DR Bankers National Westminster Bank plc
HUSAINI SUFI MEDITATION CIRCLE TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024 The trustecs havc pleasure in prescnting their report and the unaudited financial statements of the charity for the year ended 31 March 2024. REFERENCE AND ADMINISTRATIVE DETAILS Refcrence and administrativ¢ d¢tails are shown in the schedule of members of the board and profcssional advisers on page l of the financial statements. THE TRUSTEES Thc trustees who scrvcd during thc period were as follows: Mr Imran Shafiq Khan (Chair) Mr Mahmood Awan Mr Muhammad Salman Ms Kh<idija Sayyid STRUCTURE. GOVERNANCE AND MANAGEMENT Governing document FIusaini Sufi Meditalion Circle is an unincorporated Trust, constituted undcr d trust dccd dated 10 November 2006 and is a registered charity, numbcr 1117889. Method ol. appointment of Trustees and policies adopted for their induction Thc basis of seleclingy new trustces is by way of identifying peoplc who regularly attend evenls and functions organiscd by the Trust. show an interest in and volunteer to hclp out during these activities. These pL'oplc are then invited to atlend Trustccs meetings as observers. They are thcn givL'n more details ofthe Trust's aims and objectives. Upon satisfaLtion that these are in line with their idLology of charity work and after due consideration of thL person's eligibility, personal Lompctence, specialist knowledgF¢ and skills they are propo8ed as new trustces by the existing on¢s at th¢ subscquent mecting where they arc appointed by the current Board memb¢rs. Prior to their appointment, new trustees are introduced to thc Charity's Policies. Charity procedures are covered, where they bccomc awarc of the scope of their rcsponsibilities under the Charities Act. Thcy arc then attached to an existing trustcc who ihey assist on thL projccts and activities run by the charity. After satisfaclory feedback from cxisting trustees, they ar¢ appointed as board members and then givcn the task to deal with projectlactivity on their own and are regularly monitored through m¢¢tings. Decision making The trustees are legally responsible for the overall management and control of the Centre. The Finance and General Pury)oses (building) members generally meet when rcquired to consider thc tasks delegatcd to them in respect of financial, building work or any specialist adviser report, which are then communicated to the other trustees at the main board meeting for their deliberations.
HUSAINI SUFI MEDITATION CIRCLE TRUSTEES ANNUAL REPORT continued FOR THE YEAR ENDED 31 MARCH 2024 Risk review The management committee has conducted a review of thc major risks, which thc charity is cxposed to and systcms have been e%tablished to miti&yatc those risks. Significant external risks to funding havc been reduccd by the development of a .8tratcgic plan, which will allow for devclopment only whcn the funds are in hand or have bccn guaranteed. Intemal risks are minimised by the implementation of procedures for authorisation of all transactions and projL'cls and to en.4ure con%Astcnt quality of delivery for all opcralional aspects. These procedurL'% arc pcriodically review¢d to cn.%urc thdt thcy still mcci thc ncLd% of thc charity. During thc pandemic, wc will bc offcring online events any in pcrson attendance evenls will be organised with SOP'S. OBJECTIVES AND ACTIVITIFS Thc aims and objects of the charity are: l. To advancc the Sufism of Islamic religion for thc benefjt of the public through the holding of praycr meetings, guided Sufi meditation sessions, lectures and seminars, producing or distributing literature on Islam to enlighten othcrs about the Islamic religion. 2. To advancc thc cducation of the public on the subject of Islamic Sufism and cultures. ThL'sc objectives will be achieved by raising funds through donations, a suitsble property for Lharity has been purchased, which will incory)orate othcr potential projects also. PUBLIC BENFFIT STATEMENT In setting out thc objectives and planning the activities, thc trustees have given careful consideration to complying with thc duty in SeLtion 4 of the Charitios Act 2006 to have regard to the public bencfit guidance published by ihe Charily Commission. ACHIEVEMENTS AND PFRFORMANCE Through the kind guidance and rnentorship of our spiritual leader, Shaykh Dr Sharif Alhusaini, we have offered the community Wlth various activities and s¢rviccs such as enlightening lectures and seminars, books publication, meditation, cultural events marking important Islami¢ occasions as well as Ramadan and F.id services.
HUSAINI SUFI MEDITATION CIRCLE TRUSTEES ANNUAL REPORT continued FOR THE YEAR ENDED 31 IVIARCH 2024 FINANCIAL REVIV.W The income is gcncrated from donations collcctcd from Muslim people rfind Muslim orgiinisations. Thc incoming resources and rcsourccs cxpcndcd are detail¢d in the Statement of Financial Activitics. The financial year commenLed with total cash and bank balances of £ 33,749. During thc year donations of £ 42,088 were reLeivcd. Rcsourccs cxpended in the year tolallcd £ 33,082. The L'ash & bdnk balance at year end is £ 42.755. The C,harity has paid nothing towards its. Loan during the year. However, Trustccs considcr that more funds are required to pay off the loans. PLANS FOR FUTURE PERIODS We offer interested people a retreat venue where they can spend a relaxing time and guided retreats for the attainment of spiritual balance and for decreasing d8pression and anxiety. We also aim to offer suitable venues that function as retreats for youngsters and families, and for Muslims and non-muslims. We will be organising Salawaat gatherings upon Prophet Muhammad Peace be Upon Him, Mawlid Sharif and other spiritual events at various locations in England and Wales. Moreover, we will increase the distribution ofsufi books. We hope to raise more funds to pay off loans and develop potential projects to further our aim and objectives. RFSPONSIBILITIES OF THE TRUSTF,ES ThL' Lharity's trustees are responsible for preparing ihe Trust¢Ls Annu<il Report and the findncial statemenls in accordancc with applicable law and United Kingdom Accounting Slandards (United Kingidom Generally Accepted A¢¢ounting Practice). The law appliLabl¢ to charities in Engiland and Wales requires thc trustees to prepare financial statcmenl$ for cach finanLial year which biive a truc and fair view of the statc of aftairs of the charity and of the in¢oming resources and application of rcsources of the charity for that period. In preparing thcse financial statements, the trustees are required to: Sele¢t Suitable accounting policies and thcn apply them consistenily; Observe the methods and principles in thc Charities SORP. Make judgements and estimates that arc reasonable and prudent. State whethcr applicable accounting slandards have been followed, subject to any matcrial departurcs 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 trustccs are responsible for keeping proper accounting records that disclosc with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the finanLl411 ststements comply with the Charities Act 1993 and thc Charity (Accounts and Reports) Regulations 2008. 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.
HUSAINI SUFI MEDITATION CIRCLE TRUSTEES ANNUAL REPORT continued FOR THE YEAR ENDED 31 MARCH 2024 INDEPENDENT EXAMINER Bilal Ahmad FCCA of AAA Accounting Limited, Chartered C¢rtifi¢d Accountants offers himself for re- appointment as independellt examiner in accordancc with th¢ Charlties Act1993, as amended by the Charities Act 2006. Signed on behalf of the trustees 26 The Furrows Luton LU3 2LF Mr Imran Shari Khan Date.. 08.01.2025 Truslcc
AINI SUFI MEDITATION CIRCLE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HUSAINI SUFI MEDITATION CIRCLE YEAR ENDED 31 MARCH 2024 I report on the accounts of the charity for the year ended 31 March 2024 set out on pages 7 to 9. RLSPECTIVE RESPONSIBILITIES OF TRUSTEES AND INDEPENDENT EXAMINER The charity's Iruslees are rwoDsible for th¢ prepatation of the accounts. The charity's ITuslees consider that an audit is not required for this year (under section 43(2) of the Charilies Act 1993 (the 1993 Act), as amended by section 28 of the Charities Act 2006) and that an independent examination is needed. It is my responsibility to: examine the account$ (under section 43(3) (a) of the 1993 Act, as amended); to follow the procedures laid down in the G¢n¢ral Dir¢ctions given by the Charity Commission (under section 43(7)0)) of the 1993 Ac( as amended); and to stale whether particular matters have come to my attention. BASIS OF INDEPENDENT EXAMINERIS STATEMENT My examination was carried out in accordanc¢ with the General Directions given by the Cbarity Commission. An examination includes a review of the a¢¢ounling records kept by the charity and a comparison of the accounts presented with those records. It also includes eonsidernlion of any unusual lteD or di10$ur¢S in the accounts. and seeking explanations from you as tru8tees CODc¢rniDg any such matt¢rs. The procedures undertaken do not provide all the evidence that would be required in an audit, and con8equently I do not express an audit opinion on whether th¢ accounts Present a Irue and fair view,. INDEPENDENT EXAMINER'S STATEMENT tn connection with my examination, no matter has ¢(llne to my attention: (l) which gives me reasonable cause to Ixli¢v¢ that in any material re4)ect Ihe truskes have not met the requiT¢ment8 to ensure that: proper accounling rerdS are kept (in accordance with section 41 of the Act); and accounts are prepared which agree with the ac¢ountin8 records and comply with the a¢counting requirement8 of th¢ Act; or (2) to which, in my opinion, attention should be drawn in ordw to cnable a prop¢r under8tsndin8 of the accounts to be reached. B Ahmad FCCA AAA Aceounllng Umlled Chartered Certlfied Accountants 36-38 Stsllon Parade Barklnz• England IGI18DR Date: The Dotes on pagu 9 forni part of these finaDdal 8tatements
HIJSAINT STTFI MF.DITATION CIRCLE FOR THE YEAR EIYDED 31 MARCH 2024 81_JMM_A_R_Y I.NCnMF. AND EXPENDITURE ACCOUNT Restrieted Unrestricted 2024 2023 Notes Incomlng resources Charitable donations 42,088 42,088 51,072 Total income 42 088 42 0118 Direct charltable expendlture (_) Car Insurancc Clcaning Depreciation Equipment expensed Property Insurance Light & Heat 843 265 842 1,186 843 265 842 1,186 1,122 811 918 5,556 2,400 23,492 431 1,166 6,179 6,179 2,570 2,570 21,505 21,505 Refurbishment and maintenancc Sundry Vehicle expenses 534 534 Total expendtture 33,925 33,925 35,896 Net incoming resources/ (Expenditure) Funds brought forward 8,163 8,163 15,176 346,227 346,227 331,051 354,391 354,391 346,227 Funds carrled forward 354,391 354,391 346,227 Thc Statement of financial Activities includes all gains and losses in th¢ year and therefore a statement of total rccognised gains and losses has not been prepared. All of thc above amounts relate to continuingF activities. The notes on pages 9 form part of these financial Statements.
HUSAINI SUFI MEDITATION CIRCLE BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Notes Fixed assets Tangible fixed assets FA - land and buildings BIF 357 008 357,008 357 008 357.008 FA- vehicles BIF Depn- B/Fwd Depn-charge 7,357 {3,987) 842 2,528 7,357 (2,865) 3,370 359 536 360 378 Current assets Othcr dcbtors Cash at bank 3,100 3,100 Creditors: Oihcr loan {51,000) (51,000) Net current assets 354,391 346,227 Total assets Icss current liabilities 354,391 346,227 Net assets 354J91 346,227 Funds Rcstricted Unrestricted Net (Loss)IProfit 346,227 8,163 331,051 15,176 354,391 346,227 These financial statemcnts havc been prepared in accordance with the Financial Reporting Standard for Smaller Fntities (effective April 2008). These financial statements were approved by the members of the committee on 08.01.25 and are signed on their bchalf by: Mr Imran Shafiq Khan- Trustee The notes on page 9 form part of these financial statements.
HUSAINI SUFI MEDITATION CIRCLE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 l Accountlng Pollcies 1.1. BYdSiS of accounting The financial statements have been prepared under the historical cost convention and in accordance with appliLable United Kingdom accounting standards, the Statcment of Recommended Practice Accounting and Rcporting by Charities i%4ucd in March 2005 (SORP 2005) and the Charitics Act 1993, and in accorddncc with thc liinancial Rcporting Standard for Smaller Entities (effective April 2008). 1.2 Incomlng resources Volunthry incomc and donations ar¢ includcd in incoming rcsourccs whcn thcy are received except when donor's conditions have not been fulfilled, and then the income is deferred. 1.3 Resources expendcd Expenditure is accounted for on an accruals basis and has been clab5ificd under headings that aggregate all cost related to the category, Where costs cannot be directly attributed to particular headings, they havc been allocated to activities on a basis consistent with the use of rcsourccs. 1.4 Exemption from preparing a cash floiv statement Exemption hds been taken from preparing a cash flow statLmcnt on the grounds thdt the charitable company qualifies as a small charitable company. 1.5 Taxation The charity is exempt from corporation tax on its charitable activities. 1.6 Fund accountlng Unrestri¢t¢d funds can bc used in a¢¢ordancc with the charitable objectives at the discretion of the trustees. Restri¢tcd funds can only be used for particular restrictcd purposes within th¢ objecls of the charity, RestriLtAons arise when specified by the donor or whcn funds are raised for particular restricted pury)os¢s.