CHARITY REGISTRATION NUMBER: 1126771
# Al Yaqeen Trust Unaudited Financial Statements 31 December 2024
ARLING A IMI Reporting accountants and independent examiners The Studio 1 Canons Lane Burgh Heath Surrey KT20 6DP
Al Yaqeen Trust
## Financial Statements
## Year ended 31 December 2024
||Page|
|---|---|
|Trustees’ annual report|1|
|Independent examiner's report to the trustees|3|
|Statement of financial activities|4|
|Statement of financial position|5|
|Notes to the financial statements|6|
|The following pages do not form part of the financial statements||
|Detailedstatementoffinancialactivities|13|
## Al Yaqeen Trust
## Trustees’ Annual Report
## Year ended 31 December 2024
The trustees present their report and the unaudited financial statements of the charity for the year ended 31 December 2024,
## Reference and administrative details
|Registered charity name|Al Yaqeen Trust|
|---|---|
|Charity registration number|1126771|
|Principal office|Masjid Al Yaqeen|
||28 Warwick Road|
||Redhill|
||RH1 1BU|
|The trustees||
||A Ahmed|
||M Zamir|
||A Jabbar|
||AZamir|
|Independent examiner|Brooks Carling Accountants Ltd|
||The Studio|
||1 Canons Lane|
||Burgh Heath|
||Surrey|
||KT206DP|
## Structure, governance and management
The Trust is governed by its constitution, a Trust Deed adopted 30 July 2008.
## Objectives and activities
## Our objectives are set to reflect our faith and community aims.
The Trust's principal activity during the year under review was the advancement of the Islamic faith for the benefit of the public in accordance with the tenets and doctrines of the Holy Qur'an and Sunnah (The practice of the noble prophet Muhammad (peace be upon him)).
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## Al Yaqeen Trust
## Trustees’ Annual Report (continueg
## Year ended 31 December 2024
## Achievements and performance
The principal activities of Al Yaqeen Trust during the financial year were:
a) The promotion of any charitable causes amongst Muslims in United Kingdom and overseas.
b) The relief of poverty, alleviation of suffering caused by mental health, social, economic circumstances, emotional, personal and family problems through the counselling service or other means as appropriate.
The Friday prayers are attended by around a couple of hundred individuals and an even bigger number in the fasting month of Ramadhan.
## Financial review
The charity met its financial outgoings with donations received. In the period there was a net surplus of £106,019 (2023: £18,136). This surplus is being held to secure the continuation of the charity and to ensure that it has sufficient reserves to meet its future commitments. The property that the Trust occupies has been purchased by the El Rahma Charity Trust. This was done partly with a contribution of £101,000 from the Trust. Al Yaqeen Trust has been given sole use of the property for the achievement of its objectives.
## Plans for future periods
The Trustees continue to pursue the strategic objective of improving the Trust's premises to better serve its worshippers and local community. Revised plans for an extension are under consideration, designed to:
- Increase the overall capacity for worshippers.
- Provide new, segregated ablution facilities for male and female worshippers.
- Install a modern heating and cooling system to ensure a comfortable environment in prayer areas and to supply warm water for ablution.
The implementation of this project is contingent upon a positive outcome of a detailed cost-benefit analysis and the necessary planning permission.
The Trust has successfully broadened its educational programme, building on the introduction of Arabic language courses in 2023, which have continued into the current year.
The trustees’ annual report was approved on 23 October 2025 and signed on behalf of the board of trustees by:
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M Zamir &
Trustee
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## Al Yageen Trust
## Independent Examiner's Report to the Trustees of Al Yageen Trust
## Year ended 31 December 2024
| report to the trustees on my examination of the financial statements of Al Yaqeen Trust (‘the charity’) for the year ended 31 December 2024.
## Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).
| report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination | have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## independent examiner's statement
{ have completed my examination. | 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 charity as required by section 130 of the Act; or
2. the financial statements do not accord with those records; or
3. the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.
| 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.
Brooks Carling Accountants Ltd Independent Examiner
The Studio
1 Ganons Lane Burgh Heath Surrey KT20 6DP
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## Al Yaqeen Trust
## Statement of Financial Activities
## Year ended 31 December 2024
|||2024|2024|2023|
|---|---|---|---|---|
|||Unrestricted|||
|||funds|Totalfunds|Total funds|
||Note|£|£|£|
|income and endowments|||||
|Donations and legacies|4|134,025|134,025|62,979|
|Total income||134,025|134,025|62,979|
|Expenditure|||||
|Expenditureon raising funds:|||||
|Investment managementcosts|5|2,697|2,697|2,113|
|Expenditure on charitable activities|6,7|25,309|25,309|42,730|
|Total expenditure||28,006|28,006|44,843|
|Net income and net movement in funds||106,019|106,019|18,136|
|Reconciliation of funds|||||
|Total funds brought forward||425,561|425,561|407,425|
|Totalfundscarriedforward||531,580|531,580|425,561|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 6 to 11 form part of these financial statements.
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## Al Yageen Trust
## Statement of Financial Position
## 31 December 2024
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|||||||||||
|---|---|---|---|---|---|---|---|---|---|
|2024|2023|
|Note|£|£|
|Fixed|assets|
|Tangible|fixed|assets|10|222,410|222,410|
|Current|assets|
|Debtors|11|101,000|101,000|
|Cash|at|bank|and|in|hand|236,621|136,045|
|337,621|237,045|
|Creditors:|amounts|falling|due|within|one|year|12|28,451|33,894|
|Net|current|assets|309,170|203,151|
|Total|assets|less|current|liabilities|531,580|425,561|
|Net|assets|531,580|425,561|
|Funds|of the|charity|
|Unrestricted|funds|531,580|425,561|
|Total|charity funds|13|531,580|425,561|
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These financial statements were approved by the board of trustees and authorised for issue on 23 October 2025, and are “pee on behalf of the board by:
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TrusteeZamir |
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The notes on pages6 to 11 form part of these financial statements.
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## Al Yaqeen Trust
## Notes to the Financial Statements
## Year ended 31 December 2024
## 1. 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 28 Warwick Road, Redhill, Surrey, RH14 1BU.
## 2. 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 treland’, the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of lreland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011.
## 3. 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 commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fail into one of two sub-classes: restricted income funds or endowment funds.
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## Al Yageen Trust
## Notes to the Financial Statements (continuea
## Year ended 31 December 2024
## 3. Accounting policies (continued)
## Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to 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 to particular categories of income:
- e income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
- e legacy income is recognised when receipt is probable and entitlement is established.
- income from donated goods is measured at 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.
- e income 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 contractual 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 headings of the statement of financial activities to which it relates:
- ¢ expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.
- expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
- e other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
Ail costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
## Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
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## Al Yaqgeen Trust
## Notes to the Financial Statements (continued)
## Year ended 31 December 2024
## 3. 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 it reverses a charge for impairment that has previously been recognised as expenditure within the statement of 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 activities.
## Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings ~ 25% reducing balance Equipment - 25% reducing balance
## 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 is made of the recoverable amount of the cashgenerating 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 impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating 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 units.
## Financial instruments
A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual 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 other consideration expected to be paid or received and not discounted.
## Debt instruments are subsequently measured at amortised cost.
Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.
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## Al Yaqeen Trust Notes to the Financial Statements (continued Year ended 31 December 2024
## 3. Accounting policies (continued)
## Financial instruments (continued)
Other financial instruments, including derivatives, are initially recognised at fair value, uniess 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 at 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 cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individuaily 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 what the carrying amount would have been had the impairment not previously been recognised.
4. Donations and legacies
|||Unrestricted|TotalFunds|Unrestricted|Total Funds|
|---|---|---|---|---|---|
|||Funds|2024|Funds|2023|
|||£|£|£|£|
||Donations|||||
||Donations receivable|134,025|134,025|62,979|62,979|
|5.|Investment management costs|||||
|||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||Funds|2024|Funds|2023|
|||£|£|£|£|
||Property costs, repairs and|||||
||maintenance charges|2,697|2,697|2,113|2,113|
|6.|Expenditure on charitable activities byfund type|||||
|||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||Funds|2024|Funds|2023|
|||£|£|£|£|
||Primary activity|24,276|24,276|41,265|41,265|
||Support costs|1,033|1,033|1,465|1,465|
|||25,309|25,309|42,730|42,730|
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## Al Yaqeen Trust
## Notes to the Financial Statements (continued)
## Year ended 31 December 2024
## 7. Expenditure on charitable activities by activity type
|||Activities|||||
|---|---|---|---|---|---|---|
|||undertaken|||Totalfunds|—‘Totalfund|
|||directly Support costs|||2024|2023|
|||£|£||£|£|
||Primary activity|24,276||-|24,276|41,265|
||Governance costs|-|1,033||1,033|1,465|
|||24,276|1,033||25,309|42,730|
|8.|Independent examination fees||||||
||||||2024|2023|
||||||£|£|
||Fees payable to the independent examiner for:||||||
||Independent examination of the financial|statements|||600|600|
|9.|Trustee remuneration and expenses||||||
||No remuneration or other benefits from|employment with the||charity or a related entity were|||
||received by the trustees.||||||
|10.|Tangible fixed assets||||||
|||Long|||||
|||leasehold|Fixtures and||||
|||property
£|fittings
£||| Equipment
£|Totai
£|
||Cost||||||
||At 1 January 2024 and||||||
||31 December2024|222,410|2,104||2,026|226,540|
||Depreciation||||||
||At 1 January 2024and||||||
||31 December 2024|-|2,104||2,026|4,130|
||Carrying amount||||||
||At 31 December 2024|222,410||_|~|222,410|
||At31December2023|222,410||-|_|222,410|
|41.|Debtors||||||
||||||2024|2023|
||||||£|£|
||Otherdebtors||||101,000|101,000|
9. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.
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## Al Yaqgeen Trust
## Notes to the Financial Statements (continued)
## Year ended 31 December 2024
## 12. Creditors: amounts falling due within one year
||2024|2023|
|---|---|---|
||£|£|
|Accruals and deferred income|1,272|744|
|Social security and other taxes|44|1,015|
|Othercreditors|27,135|32,135|
||28,451|33,894|
## 13. Analysis of charitable funds
|Unrestricted funds|||||
|---|---|---|---|---|
||At|||At|
||1 January202||31|December|
||4|Income|Expenditure|2024|
||£|£|£|£|
|General funds|425,561|134,025|(28,006)|531,580|
||At|||At|
||1 January 202||31|December|
||3|Income|Expenditure|2023|
||£|£|£|£|
|Generalfunds|407,425|62,979|(44,843)|425,561|
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Al Yaqeen Trust
Year ended 31 December 2024
## Management Information
The following pages do not form part of the financia! statements.
12
Al Yaqeen Trust
## Detailed Statement of Financial Activities
## Year ended 31 December 2024
||2024|2023|
|---|---|---|
||£|£|
|income and endowments|||
|Donationsand legacies|||
|Donations receivable|134,025|62,979|
|Total income|134,025|62,979|
|Expenditure|||
|Investmentmanagement costs|||
|Property costs, repairsand maintenance charges|2,697|2,113|
|Expenditure on charitable activities|||
|Wages and salaries|19,282|21,527|
|Light and heat|1,921|5,560|
|Legal and professional fees|1,033|1,465|
|Telephone|462|547|
|Other office costs|591|832|
|Bank charges|676|528|
|Donations made|942|11,314|
|Miscellaneous expenses|402|960|
||25,309|42,730|
|Total expenditure|28,006|44,843|
|Netincome|106,019|18,136|
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