Charity Number: 1126803 HAZARA COMMUNITY MILTON KEYNES Report of the Trustees and Unaudited Financial Statements Year Ended 31 ST MARCH 2025
HAZARA COMMUNITY MILTONKEYNES Year Ended 31 STMARCH 2025 Page no Content8 of the Financial Statements Report of the Trustees Independent Examiner's Report Statement of Financial Activities 10 Balance Sheet Notes to the Financi81 Statements 12-14
HAZARA COMMUNITY MILTONKEYNES Yoar Ended 31 ST MARCH 2025 The trustees present their report with the financial statements of the Charity forthe year ended 31 March 2025. The trustees have adopted the provisions of the Statement of Recommended Practice {SORP) 'Accounting and Reporting by Charities, issued in March 2005. REFERENCE ANDADMINSTRATIVE DETAILS Registered Charity number 1126803 Principal addres8 Unit10 Walker Avenue Wolverton Mill Milton Keynes MK125TW Trustees MrAwaz Ali Abrahim Mr Mohammad Asif Haidari MrAbduL Ahmed Attia Independent Examlner Abbas Sadak FCCA, CTA, PGdip. CertlFR, MIOD True Tax and Accountancy Limited WOSGA House 19 Stoneleigh Court Westcroft Milton Keynes MK44BS
HAZARACOMMUNITY MILTON KEYNES Year Ended 31 sr MARCH 2025 Report of the Trustees STRUCTURE. GOVERNANCEAND MANAGEMENT Governing document The Charity is controlled by its governing document. a deed of trust, and constitutes an unincorporated charity. Organisational structure The Charity is governed by its constitution and is constituted as a charitable trust. The trustees are responsible forthe overall management and control of the Charity and meet regularly to manage its affairs. Risk management The trustees have a duty to identify and review the risks to which the Charity is exposed and to ensure appropriate controls are in pLace to provide reasonabLe assurance againstfraud and error. The managingtrustees have assessedthe majorrisks towhich the Charityis exposed, in particularthe riskthat lack of funds will prevent the Charityfrom achieving its aims and objectives. Since introducing additionaLfundraising events and schemes, the Charity has taken appropriate steps to ensure that sufficientfunds are in place to continue its activities. The trustees continue to review and update the risk register. including the risks associated with loan liabiLities and c8shflow. OBJECTIVES AND ACTIVITIES Objectives and aims (1) To promotethe benefitof the Hazara community in Milton Keynes and surrounding areas by: (a) The advancement ofthe IsLamicfaith forthe benefit ot the public, in accordancewith the tenets and doctrines of the Shia Ithna Asheri Shariah. {b) The relief of poverty, sickness and distress. (c) To further or benefit the residents of Milton Keynes and the neighbourhood, without distinction of sex, sexuaL orientation, race or political, religious or other opinions. by associating togetherthe said residents and the local authorities, voLuntary and other organisstions, in a common effortto advance education and to providefacilities in the interests of socialwelfare for recreation and leisure time occupation with the objective of improvingthe conditions of lifeforthe residents.
HAZARA COMMUNITY MILTON KEYNES Year Ended 31 ST MARCH 2025 Report of the Trustees - Continued {2) Forany otherpurpose deemed charitable bythe law of EngLand and Wales as the trustees shall from time to time determine. In furtherance of these objects, the trustees shall have power to establish or secure the establishment of a con-lifiufiity GGiiil'kn al Id to Iriaililaiii vr manage Oi co-operatewith any statutory authority in the maintenance and management of such a centre for activities promoted by the Charity. Charitable activities The Trustees consider that the performance of the Charity has been satisfactory and has been successful in fulfilling its aims and objectives. The Charity owns and operates its centre in Wolverton, Milton Keynes for use by the communityfor religious and non-religious activities such as Sundayschool (madrassa), kids clubs, counselling sessions, tabletennis and othercommunity programmes. The centre is fullyoperational and in full useforcommunity activities. Regular programmes continueto run, including lectures, Quran cLasses, Sunday school and youth activities. The centre also commemorates Shia Ithna Asheri reLigious events throughout the year with dedicated programmes and gatherings. The hall at the centre is available for private religious gatherings for members who hire the hall, subjectto the Charity's hall-hire policies, safeguarding requirements and booking arrangements. One significantdevelopment duringthe yearwas that the Charitysecured a non-interest-bearing loan from The Mainstay Foundation (charity no. 1166017). The trustees and the community are very appreciative of this support. Athorough application and due-diligence process was undertaken to secure this loan and the trustees thank aLLthose involved. As atthe signing of the accounts, Alhamdulillah, our community has repaid £50,000 to dateofthe £110,000 loan shown on the b8lance sheet. The trustees aim to repay the remaining balance overthe next 1-2 years, subject to continued fundraising and donations. Members are requested to please continueto donate so that this balance can be cleared and funds can then be directed towards other planned activities for the community. The charity has benefited from the support of guest reciters and visitors from various centres who have assisted our programmes. Ouryouth remain actively engaged in centre activities; most recently the centre hosted a careers fairto support young people with information and opportunities.
HAZARA COMMUNITYMILTON KEYNES Year Ended 31 STMARCH 2025 Report of the Trustees - Continued Volunteer support has been crucialto the Charity. A large numberofvolunteers have given their time and effort to assistwith the running of the centre and its events. The trustees are profoundly thankfuLto allvolunteers the reward for such service is with Allah and we can onlythank you. As the Quran instructs:"And cooperate in righteousness and piety, but do not cooperate in sin and aggression. And fearAllah; indeed, Allah is severe in punishment." (Quran 5.2 Arabic: Yj tsjdlj IiJj j .1-°.1} e*1 > Ij). We acknowledge and appreciate the dedication and sacrifice of volunteers in serving the community. FINANCIAL REVIEW During the year the Charity's financiaL position strengthened compared with the prior year, principally as a result of increased voluntary income and lower expenditure. Key points from the accounts fortheyear ended 31 March 2025: TotaL incomingvoluntary income: £105,843 {2024: £81,539). Total resources expended: £45,74312024." £64,629). Net incoming resources forthe year (surplus): £60,100 (2024: 216,910). Totalfunds (net assets) per balance sheet at 31 March 2025: £803,335 (2024: £743,234), an increase of £60,101 in the year. Fixed assets (community centre): £849,068. Bank loan (current liabilities) at31 March 2025: £110,000 (31 March 2024: £137,241} showing a reduction in borrowed funds during the year of £27,241. Cash balances byfund at 31 March 2025 (as shown in the accounts): General account for specific projects: £1,662 Mosque and Communitycentre fund: 50,882 Muh8rram and Safarfund (cash in hand): £2,851 Madressa /Sundayschool: £8.871 Notes and explanation The balance sheet reports total net assets of £803,335. This position principally reflects the fixed assetvalue of the centre (£849,068) less the bank loa n 1£110,000} togetherwith the restricted cash balances shown above.
HAZARA COMMUNITY MILTON KEYNES Year Ended 31 ST MARCH 2025 Report of the Trustees - Continued The Statement of FinanciaLActivities shows an operating surplus for the year of £60.100 and a carried forward movement in the lincomelexpense) funds to £16,635. To aid readers, thetrustees should includea reconciliation note in the accounts that explains ilOk¥ iliG tsar o operalliib UrplUs, movemtsnts in restricted/unrestricted funds, fixed asset holdings and loan movements reconcile to the baLance sheet totalfunds of £803,335. Trustees, commentary and plans Thetrustees are gratefulforthe significant increase in voluntaryincome during the yearand forthe community's continuing support. The loan balance has reduced duringtheyear and trustees willcontinue to prioritise repayments while balancing the need to maintain an appropriate level of reserves for working capital and immediate community activities. Members are asked to continue donations to accelerate loan repayment and release funds forfurther communityprogrammes. FUTURE DEVELOPMENTS The Charity's activities were fullyfunctional in theyear and normaL programmes continue in place (regular lectures, Quran classes, Sunday school etc.). The trustees Continueto run programmesto commemorateshia Ithna Asheri events throughout the year. Encourage and facilitate private. authorised religious gatherings for members who hirethe hall, within safeguarding and usageguidelines. Continuetargeted fundraising and community-engagement activities aimed at clearingthe remaining loan balance and building sustainablefundingforfuture projects. Strengthen youth provision, building on successful events such as our recent careers fair, and continue to invite guest reciters and speakers to support our programmes. ON BEHALF OFTHE BOARD:................. MR MOHAMMADASIF HAIDARI Dated: 22nd August 2025
HAZARA COMMUNITY MILTON KEYNES Year Ended 31 March 2025 Independent Examiner's Report tothe Trustees of HAZARA COMMUNITY MILTON KEYNES I report to the trustees on my examination of the accounts of the charityforthe year ended 31 March 2025 which areset outon pages 10 to 14. Responsibilities of trustees and examiner The charity's trustees are responsible forthe preparation of the accounts in accordance with the Charities Act 2011 (the 2011 Act) and the Charities SORP. Thetrustees consider that an audit is not requiredforthisyear undersection 144(2> of the CharitiesAct2011 and that an independent examination is required. It is myresponsibilityto: a) examinetheaccounts under section 145 of the Charities Act 2011. b) follow the procedures laid down in the General Directions given bythe Charity Commission undersection 145{5)(b) of theCharitiesAct2011; and c) state whether particular matters have cometo my attention. Basis of independent examiner's report My examination was carried out in accordance with the General Directions given bythe Charity Commission. An independent 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 thetrustees concerning any such matters. The procedures undertaken do not provide allthe evidence that would be required in an audit and, accordingly, the report is limited to those matters set out below. Independent examiner's statement In connection with my examination, no matter has come to my attention: which gives me reasonable causeto believe that. in any material respect, the requirements: a) to keep accounting records in accordancewith section 130 of the Charities Act2011' and b) to prepare accounts which accord with the accounting records and compLy with the accounting requirements of the Charities Act 2011 and the Charities SORP, have not been met: or
HAZARACOMMUNITY MILTON KEYNES Year Ended 31 March 2025 Independent Examlner's Report to the Trustees of HAZARA COMMUNITY MILTON KEYNES- Contlnued 2. to which. in my opinion. attention should be drawn in orderto enable a proper understanding of the acGounts to be reached. Signed: Abbag Sadak FCCA, CertlFR, CTA. MIOD True Tax and Accountancy Limited WOSGA House, 19 Stonelelgh Court, Wastcroft. Milton Keyne8, MK4 48S Dated: 22" August 2025
HAZARACOMMUNITYMILTONKEYNES STATEMENT OF FINANCIALACTIVITIES Year Ended 31 ST MARCH 2025 Total Funds Total Funds Funds Funds 31-Mar-25 31-Mar-24 INCOMING RESOURCES Incomlng resourc•sfrom Benerated fud5 Voluntary Income 105.843 105343 81.539 Total Incoming Resources 105,843 105043 81,539 RESOURCES EXPENDEO 145.7431 145.7431 164.6291 NET INCOMINGIOUTGOING RESOURCING 60,100 60,1 16,910 RECONCILIATION OF FUNDS Total Funds Brought Forward 143.4651 143,46SI 160,3751 TOTAL FUNDS CARRIED FOIIWARD 16,635 16,635 143,4651 The financial statements were approved by the 8oard of Trustees on 22nd August 2025 and were signed on its behalf by: Dated: 22nd August 2025 Mr Mohammad Aslf Haidari
HAZARACOMMUNITYMILTONKEYNES BALANCE SHEET Year Ended 31 ST MARCH 2025 nds lunds Total Total 31-MaT-25 31-Mar-24 FlxedAssets 849.068 849,068 849,068 Current Assets Cash in Bank- General Atcount for Specific Pfoiects Cash in Bank- Mosque and Community centre Fund Cash in Hand- Muh&rram and Safarfund Cash in Bank- Mad553 Isundry School 1.662 50.882 2.851 8.871 1.662 50.882 2.851 8.871 6.285 9.713 9.124 6,285 Current Liabilltle5 Bank Loan IIIO.(KK¢I IIiO,LKQI 1137,2411 NET ASSETS 3.335 803.335 743,234 FUNDS Restricted Funds Unrestricted Funds 803,335 3.335 743,234 803.335 803,335 ?43.234 The financial statements were approved by the Board of Trustees on 22nd August 2025 and were signed on its behalf by: Mr Mohammad Asif Haidari Dated.. 22nd August 2025
HAZARACOMMUNITYMILTONKEYNES Year Ended 31 STMARCH 2025 Notes to the Financial Statements ACCOUNTING POLICIES Basis of preparation The financial statements have been prepared underthe historical cost convention and in accordance with the Charities Act 2011. the Charitycommission guidance and the Charities SORP (FRS 102)-Accounting and Reporting by Charities (applicable in the UK}. The charity is a public benefit entity. The financial statements are prepared on a goingconcern basis. Incoming resources All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity is legally entitled to the income. receipt is probable and the amount can be measured reliably. Voluntary income (donations and gifts) is recognised when received. Grants and donations received for specific projects are treated as restricted income and are only recognised in the restricted fund to which they relate. Resources expended Resources expended are accounted for on an accruals basis and have been classified under headings that aggregate all costs related to that category. Expenditure directly attributable to particular activities is allocated to those activities. Support costs are allocated on a consistent and rational basis (for example by staff time or usage) between charitable activities, governance and fundraising. Governance costs include those costs incurred in complying with constitutional and statutory requirements. Tangible fixed assets and depreciation Tangible fixed assets are stated at cost less any recognised impairment losses. Freehold land is notdepreciated. Buildings: The trustees have adopted a policy of not charging depreciation in respect of the freehold building. This policy is based on the trustees. assessment that the buildinghas a very longeconomic lifeandthat its carryingamountis not materially different from its fairvalue. The trustees considerthat the cost of providing a reliable depreciation charge would outweigh the benefits to the user5 of the financial statements. given the nature of the asset and its use. The carrying value of the building is reviewed annuallyfor any indicators of impairment. and 12
HAZARACOMMUNITY MILTONKEYNES Year Ended 31 ST MARCH 2025 Notes to the Financial Statements- Continued any impairment loss would be recognised immediately in the Statement of Financial Activities. Indivldual items of equipment are capitalised where the cost exceeds the threshold of £500 and are depreciated on a straight-line basis overtheir estimated useful lives. typically ranging from 3 to 10 years. Accounting Judgement: The policy of not depreciating the freehold building is 8 significantaccountingjudgement made bythetrustees. Thisjudgement is based on the specific characteristics of the charity's property 8nd its long-term use for charitable purposes. The trustees believe this policy provides a true and fairview of the charity's financial position, in linewith the specific circumstances of the charity. Cash and cash equlvalents Cash and cash equivalents include cash in hand and deposits repayable on d8mand, less any overdrafts thatform an integral part of the charity's cash management. Financial Instruments The charity only has financialassets and liabilities of a kind that qualifyas basic financial instruments under FRS 102. Basic financial instruments are initially recognised attransaction value and subsequently measured at settlement value. Fund accounting Restricted funds are subject to specific conditions bythe donorand can only be used forthe purposes specified. Unrestricted funds are available forthe general purposes of the charityat the discretion of the trustees. The main restricted funds arethe propety fund, community projects funds, Muharram/Safarfund and the Sundayschoolfund. The nature of each m8jorrestricted fund is disclosed in the notes. Taxation The charity is exempt from corporation tax on its charitable activities. No tax charge arises on the results of the charity forthe period. Going concern The trustees consider that the charity has adequate resources to continue in operational existence forat least 12 months from the date of signingthe accounts. 13
HAZARA COMMUNITY MILTONKEYNES Year Ended 31 ST MARCH 2025 Notes to the Financial Statements- Continued Critical accourf<ing judgements and key sources of estimation uncertainty The trustees consider that the princip2Ljudgement areas are the useful economic life and valuation basis of tangiblefixeQ gssets andthe cl?osifiBation and measurement of loans and liabilities. Estimates are reviewed periodically and any required adjustments are reported in the year in which they become known. 14