HUSAINI SUFI MEDtTATION CIRCLE UNAUDITED FINANCIAL STATEMENTS AND TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2025 REGISTERED CHARITY NUMBER 1117889 Accounting Limited Chartered Certified Accountants 3fv38 Station Parade Barkingy England IGII 8DR HUSAINI SUFI MEDrrATION CIRCLE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 Page Members of boards and professional advisors Trustees annual re￿rt Independent examiners report to the trustees Statement of financial aclivilies Balance sheet Notes to the financial statements HUSAINI SUFI MEDrrATION CIRCLE MEMBERS OF THE BOARD AND PROFESSIONAL ADVISERS Registered charity name Husaini Sufi Meditation Circle Charity number 1117889 Registered Office 26 The Furrows Luton LUJ 2LF Trustees Mr Imran Shafiq Khan (Chair) Mr Mahmood Awan Mr Muhammad Salman Ms Khadija Sayyid Independent examiners AAA Accounting Limited Chartered Certified Accountants i6-i8 Staiion Parade Barking, England IGII 8DR Bankers National Westminster Bank plc HUSAINI SUFI MEDrrATION CIRCLE TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025 The trustees have pleasure in presenting their report and the unaudited financial statements of the charity for the year ended 31 March 2025. REFERENCE AND ADMINISTRATIVE DETAILS Reference and adtninistrative details are shown in the schedule olmembers of the board and professional advisers on page l of the financial statements. THE TRUSTEES The trustees who served during the period ivere as folloivs: Mr Imran Shafiq Khan (Chair) Mr Mahmood Awan Mr Muhammad Saltnan Ms Khadija Sayyid STRUCTURE, GOVERNANCE AND MAIYAGEMENT Governing doeument Husaini Sufi Meditation Circle is an unincorporated Trust: constituted under a Irust deed dated l O November 2006 and is a registered charity, number 1117889. Method of appointment of Trustees and policies adopted for their induction The basis of selecting new trustees is by way of identifying people who regularly attend events and functions organised by the Trusi. show an interest in and volunteer to help out during these activities. These people are then invited io attend Trustees meetings as observers. They are then given more details of the Trust's aims and objectives. Upon satisfaction ihal these are in line with their ideolog), of charity work and after due consideration of the person's eligibility, personal competence, specialist knowledge and skills they are proposed as new trustees by the existing one5 at the subsequent meeting where they are apwinted by the current Board members. Prior to their appointment: new trustees are introduced to the Charity's Policies. Charity procedures are covered. where they become aware of the scope ol their responsibilities under the Charities Act. They are then attached to an existing trustee who they assist on the projects and actiN'ities run by the charity- After satisfactory feedback from existing trustee5. thev are appointed as board members and then given the task to deal with projecdactivitv on their own and are regularl>, monitored through meetings. Decision making The trustees are legallv responsible for the overall management and control of the Centre. The Finance and General Purposes {building) members generdlly meet when required to consider the tasks delegated to them in resF¢Ct of financial: building work or an}, specialist adviser report, which are then communicated to the other trustees at the main Ex)ard meeting for their deliberations. HUSAINI SUFI MEDrrATION CIRCLE TRUSTEES ANNUAL REPORT continued FOR THE YEAR ENDED 31 MARCH 2025 Risk review The management committ¢¢ has conducted a review of lh¢ major risks, which ihe charity is exposed to and svstems have been established to mitigate those risks. Significant external risks to funding have been reduced by the development ol a Strategic plan, w,hich will allow for development only when the funds are in hand or have been guaranteed. Internal risks are minimised by the implementation of procedures for authorisation of all transactions and projects and to ensure consistent quality of delivery for all operational aspects. These procedures are periodicall). reviewed to ensure that they still meet the needs of the charity. OWECTIVES AND ACTIVITIES The aims and objects of the charity are: To advance the Sufism of Islamic religion for the benefit of the public through the holding of prayer medings: guided Sufi meditation sessions, lectures and seminars, producing or distributing literature on 151am to enlighten others about the Islamic religion. 2. To advance the education of the public on the subject of Islamic Sufism and cultures. These objectives will be achieved by raising funds through donations, a suitable property for charity has been purchased. which will incorporate other potential projects also. PUBLIC BENEFIT STATEMEIYT In setting out the objectives and planning the activities. the trustees have given careful consideration to complying Nvith the dutN' in Section 4 of the Charities Act 2006 to have regard to the public benefit guidance published b). the Charily Commission. ACHIEVEMENTS AND PERFORMANCE Through the kind guidance and mentorship of our spiritual leader, Sha)'kh Dr Sharif Alhusaini, we have offered the community with various activities and Services such as enlightening lectures and seminars. books publication, meditation, cultural events marking importani Islamic occasions as well as Ramadan and Eid services. HUSAINI SUFI MEDrrATION CIRCLE TRUSTEES ANNUAL REPORT continued FOR THE YEAR ENDED 31 MARCH 2025 FINANCIAL REVIEW The income is generated from donations collected from Muslim people and Muslim organisations. The incoming resources and resources expended are detailed in the Statement of Financial Activities. The financial )'ear commenced ii'ith iotal cash and bank balances of £ 42,755. During the year donations of £ 87.862 were received. Resources expended in the year totalled £ 94,049. The cash & bank balance at year end is £ 36,568. The Charity has paid nothing towards its Loan during the year. However. Tnlstees consider that more funds are required to pa). 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 spirrtual balance and for decreasing depression and anxiety. We also aim to offer suitable venues that fijnction 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 of Sufi books. We hope to raise morefunds to pay off loans and develop potential projects to further our aim and objectives. RESPONSIBILITIES OF THE TRUSTEES The charity's trustees are responsible for preparing the Trustees Annual Re￿rt and the financial statemenls in accordance with applicable law and Uniled Kingdom Accounting Standards (Uniled Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year ￿'hICh give a true and fair view of ihe state of affairs of ihe charity and of the incoming resources and applicalion of resources of lh¢ charity. for that period. In preparing these financial statements: the trustee5 are required to- Select suitable accounting ￿liCieS and then apply them consistently. Observe the methods and principles in the Charities SORP: Make judgements and estimates that are reasonable and prudent. State whether applicable accounting standards have been lollowed. subject to any materi 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 thai disclose with reasonable accuracy at any time the financial position of the charity and enable them lo ensure that the financial statements comply with the Charitie5 Act 199) and the Charity (Accounts and Reports) Regulations 2008. The trustees are a150 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 MEDrrATION CIRCLE TRLSTEES ANNUAL REPORT conlinue FOR TKE YEAR EIWED 31 MARCH 2025 Bilal Ahmad FCCA of MA AccoDntiug Limit￿ Chartered CertsfieA AccouDtaDts offers hID￿lf for re- appointnmit as independent examiner itLaccordance v4iththe CharitiesAct 1993, 88 8uy¢nd¢d by the ChaTities Act 2006. Signed on behalf of the trustees 26 The Furrows Luton LU3 2LF Mr kn Shafiq Kban Date.. 21.01.2026 SAINI SUFI mED￿ATION HETR EE AINI S FI MEDITATION CIRCLE YEAR ENDED 31 MARCH I re￿rt on the Aceounts of the chaTily for the year ended 31 Mar¢h ?0?5 set oul on pA8es 7 10 9. RFSPEcfivE RESPONSIBILITIES OF TRusfEES AND INDEPENDENT EXAMINER Thc ¢hari¢y's Irustees are reSpO￿lbIe for the preparntion ofihe a￿(A￿ts. The charity's Irusleis consider that an oudil is rquired for this yellr {under seetion 43{?) of the Charities 1993 (the 19)3 Act), as amended by seclion 28 of thc Charities Ad and thai 4n indeP￿￿]￿l examinalion is neoJL¥J. Ii is my responsibility to: examine the accounts (under sedion 4313) (a) of the 1993 ALX. gs amendd): to follow the procedures laid in the (kneral DIr￿lon$ given by the Charity Commission (under seclion 43(7)(b) of the 19)3 Act. &8 amended): and 10 state whether PArti￿l￿r matters have come to my aiieniion. BASIS OF INDEPE1¥DE￿ EXAMllYER'S STATEME My examination was carried out in accordance with the General Direciions given by th¢ Charity Commission. An examinalion includes a review of the ac¢ountin8 records kept by the charity and a comparison of the accounts pre￿1¢￿ wilh ihose records. li also includes considerdlion of any unusual iiems or disclosures in the accoun￿ aNI seekin8 explanations from Y￿ as InLsiees ¢on¢¢rnin8 any such mallers. The Pr￿*d￿re$ undertaken do provide all the eviden¢¢ thal would be required in an audi a￿1 c(x]wuently I do not expre&s an audii opinion on whether the aLtounts present a'irue and fair vieW. llYDEPENDENT EXAMIIYER'S STATF.MENr In conneclion with my examinatio￿ no matter I￿S Lx)mc lo my attenlion: (l) which gives me reasonable to belicve ihat in any material respect th¢ trwstees have n(rt niet the requirements 10 ensiiY¢ that: proper ￿(￿￿11￿8 rec￿d5 are ke0 (in xcordance wilh section 41 ofthe Ad). and accounts 8re prepared whith a￿¢ with the accounling TCLY>rds and Lomply with the *ccounlin8 requiremLry)ts of the Ad: or (2) lo which, in my Opinio￿ attention should be drnwn in order lo enable a proper Under￿anding of B Ahmad FCCA AAA Aecountlllg Llmlted Charternl Certlfied AecouDt*Dts 3&38 Statloll ParAd¢ Barkings EllglaDd IGII 8DR Date". The Dotes on pages 9 form part oftkese fiD•nd*l $lat¢ments HUSAINI SUFI MEDITATION CIRCLE FOR THE YEAR EINDED 31 MARCH 202) SUMMARY INCOME AND EXPENDITURE ACCOUNT Restricted Unrestricted 2025 2024 40tes Incoming resources Charitable donations 87,862 87,862 42,088 Total income 87.862 87 862 Direct charitable expenditure (_) Car Insurance Cleaning Depreciation Equipment ¢xpens¢d Equipment Hire Light & Heat PIL on disposal of Car Property Insurance Rates Repairs and maintenance Stationery & Printing Vehicle expenses 594 594 843 265 842 ,186 2,166 1.087 5,002 4,684 269 2.148 2,166 ,087 5.002 4.684 269 2,148 6,179 2.570 21,505 96 130 1,64) 96 130 1,643 534 Total expenditure 22,157 22,157 ii,925 Net incoming resourcesl (Expenditure) Funds brought forward 65,705 65,705 8,16i 354.J91 J54.J91 J46,227 420,096 420,096 i54,391 Funds carried fonvard 420,096 420.096 J54,J91 The Statement of Financial Activities includes all gains and losses in the year and therefore a statement of total recognised gains and losses has not been prepared. All of the aEK)ve amounts relate to continuing activities. The notes on pages 9 form part of these financial statements. HUSALYI SUFI mED￿ATION CIRCLE BALANL CE SHEET AS.4T 31 IIARCH 2025 2025 2024 Notes Fixed assets Tangible fixed assets FA - land and buildings BIF Cost Additions 357,008 357,008 417,920 357,008 FA - equipmenL fLXtUTCS & fittings CIA Depn-charge 6,415 4,813 FA - vebicles BIF Cost - Disposal Depn - B/Fwd Depn - Charge 7,357 (2,004) (4.829) (564) 7,357 (3,987) (842) 1,695 2,528 424.428 359 536 Current assets Other debtors Prepayments Cash at bank 3.1(X 3,100 36.56¥ Creditors: Other loan (51.000) (51.000) 51.000 420.096 420,096 Net current assets Total assets less current liabilities 354.391 354,391 Net assets 420,096 354J91 FuDds Restricted Unrestricted Net (Loss)fProfit 354,391 65.705 346,227 8,163 420,096 354,391 These f￿￿￿la] Statements bave been prqmred in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2￿8). These financial ststements were appmved by the membus of the cornnuttee on 21.01.26 and are signed on tb¢ir behalf by: Mr Shafiq Khan- Trnstee The notes on page 9 forni part of these statement HUSAINI SUFI MEDrrATION CIRCLE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting Policies 1.1. Basis of aceounting The financial statements have been prepared under the historical cost convention and in accordance with applicable United Kingdom accouniing standards. the Statement of Recommended Practice Accounting and Reporting by Charities" issued in March 2005 (SORP 2005) and the Charities Act 1993, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). 1.2 Incoming resources Voluntary income and donations are included in incoming resources when they are received except when donor's conditions have not been fulfilled. and then the income is deferred. 1.3 Resources expended Expenditure 15 accounted for on an accrua15 basis and has been cl&s5ified under headings that aggregate all cost related to the category. Where costs cannot be directl)" attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources. 1.4 Exemption from preparing a cash flow statement Exemption has been taken from preparing a cash flow statement on the grounds that the charitable company qualifies as a small charithble company. .5 Taxation The charity is exempt from corpordtion tax on its charitable activities. 1.6 Fund accounting Unrestricted funds can be used in accordance with lh¢ charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.