Charity registration number: 1127776 AL FAIZ TRUST TRUSTEES. REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 CBS Accountants Ltd Chartered Accountants Unrt 17, Orbital 25 Business Park Dwight Road Wattord H8rtfordshir8 WD18 gDA
Al Faiz Trust Contents Page Truste88' R8FQrt Independent Examinerfs Report statement of Financial Activities statement of Financial Position Notos to the Financial Statements The following pages do not fomi part of the statutory accounts.. Detailed Stolement of Finoncial Actiwties
Al Faiz Trust Trustees. Report For The Year Ended 31 March 2025 The trustees present their rewrt and the financial statements for the year ended 31 March 2025. Objectives and Activities Aims and Objectives The promotion of religious harlnony for the public benefit by educating the public in different religious beliefs, including an awareness of their distinctive featur8s and their common ground, to promle good r81ations between persons of different faiths. Promob'ng knowledge, mutual understanding, and respect for the beliefs and practices of different religions and faiths. The relief of financial hardship and sickness anywhere in the worfd, in particular but not exclusively amongst those affected by natural disasters or conflict, by moking granls of money for providing or paying for items. services. or facilities. Public Benefit Promoting knoyledge. mutual understsnding. and respect for the beliefs and practices of different religions and faith5. The relief of financial hardship and sickness athere in the wodd, in particular bul not exclusively among51 those affected by natural disasters or conflict. by making grants of rtb)n8y for providing or paying for items, servIs. or facilities. The Iruslees confirm that they hav8 complied with the requirements of Section 17 of the Charits'es Act 2011 10 hav8 due regard to the Charity Comrnission's guidance on public benefit. Roferonce and Administrative Details TTUStees Professor Muhammad Rizvi - Chair Mr Fazal Hanan - Trustee Mrs Halima Sadia - Trustee Charity NUrnr 1127776 Principal Address 451453 Ouey Road Bradford West Yorkshire BD2 4QF Indepondent Examiner CBS Accountants Ltd Chartered Accountants Unil 17, Orbital 25 Business Park Eight Road Wattord Hertfordshire WD18 90A Page 1
Al Faiz Trust Trustees, Report Icontinuedl For The Year Ended 31 March 2025 The trustees, report was approved by the board of trustees and sned on its behalf by: d Yousal Riz amma ov 12. Trustee 1211112025 Page 2
Al Faiz Trust Independent Examiner's Report to the Trustees of Al Faiz Trust For The Year Ended 31 March 2025 I report to the trustees on my exarnination of the accounts of A Faiz Trust (the Trust) for the year ended 31 March 2025. Responsibilities and Basis of Report As the charity Iruslees of the Trust you ar8 responsible for the preparation of the accx)unts in acc¥)rdance with the requirements of th& Charities Act 2011 1.the Act"). I report in respect of my examination of the Trust's 8ccounts carried out under section 145 of the 2011 Act and in carying out my examination. I have followed the applicable Directions given by the Charity Commission under section 14515llbl of the Act. Independent Examinerfs Statement I have completed my examination. I confirm that no material matters have come lo my attenbon in connection with the examination giving me cause to believe that in ony mgterial respect- 1. accounting records were not kept in respect of the Trust as required by section 130 of the Act- or 2. the accounts do not accord with those records,. or 3. the aount$ do not comply with the 8pplicable requirements concorning the fomi and contents of accounts set out in the Charities (Accounts and Rew1sl Regulations 2008 other than any requirement that the acc£)unls give a 'lrue arKI fair view. which is not a matter nsidered as part of an irHlep&nd&nl examination. I have no concerns and have come across no other matters in connection with the examination to whTrch attention should be drawn in this report in ord8r to enabl8 a proper understanding of the accounts to b8 reached. 1211112025 Unil 17, Orbital 25 Business Park tIght Road Wattord Hertfordshire WD18 9DA Page 3
Al Faiz Trust Statement of Financial Activities For The Year Ended 31 March 2025 2025 Unrestricted funds Not65 INCOME AND ENDOWMENTS FROM: t)onations and legacies 47.371 EXPENDITURE ON: Raising funds {17.091) NET INCOME 30,280 NET MOVEMENT IN FUNDS 30.280 RECONCILIATION OF FUNDS: Tol81 funds brought forward (34.977) TOTAL FUNDS CARRIED FORWARD 11 14.697) The notes on pages 6 to 8 form part of those financial statements. Page 4
Al Faiz Trust Ststement of Financial Position As At 31 March 2025 2025 Unrestricted funds Not65 FIXED ASSETS Tangible Assets 230.0 230,C CURRENT ASSETS Cash at bank and in hand 5.T72 5,772 Creditors: Amounts Falling Due Within One Year {208.141) NET CURRENT ASSETS (LIABILITIES) {202,369) TOTAL ASSETS LESS CURRENT UABILITIES 27.631 Creditors: Amounts Falling Due After More Than One Year {32.328) NET LIABILITIES 14,697) FUNDS OF THE CHARI Unreslricled Funds 14.697) TOTAL FUNDS 11 14.6971 On behalf of the board bly),ryvilO8d Yoi159fRizw INOV 12. Professor Muhammad Rizvi Trustee 1211112025 The notes on pages 6 to 8 fM port of these finanaal ststements. Page 5
Al Faiz Trust Notes to the Financial Statements For The Year Ended 31 March 2025 1. General Inforniation F8iz Trust is an unincorporated charty registered with tho Charity CommissK*n, registered charity number 1127776. The principal addr8ss is 451453 Otley Road, Bradford. W6sl Yorkshire. BD2 4QF. 2. Accounting Policies 2.1. Basis of Preparalion of Financial Staternents The financial statements have tn prepared in 8rdanc6 wrth th& Charities SORP IFRS 102)-Accounting and ReFKJting by Chariti&s'. Slalement of Reo)mmended Practice applicable lo chari118s pr8P8ring th&ir accounts in accordance with the Financial Rewrting Standard applicable in the UK and Republic of Ireland IFRS 102118ffeclive 1 January 20191., Financial RetIng Standard 102 'The Financial Rewrting Stsndard applicab in the UK and Republic of Ireland. and th8 Charities Act 2011. The charity is a Public Benefft Entity as defined by FRS 102. 2.2. Incoming Resources l income resources are included on the statement of financial activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. 2.3. Resources Expended Expenditure on charitable activities includes the costs of direct delivery of the charity's aims and objectives. This includes grant funding, project delivery o)sts, salaries. and directly attributable support costs. Grants payable are reccxjnised when the charity has 8 legal or constructive obligation lo make the payment 2.4. Tangible Fixed Assets and Depreciation Tangible fixed assets are measured 8t wst I&ss accumulated depreciation and any accumulated ImpalmnI losses. Depreciation is provided al rates calculated to write off the c051 of the fixed assets. less their estimated residual value. over their expected useful lives on the foll0vng bases.. Freehold Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment ov 25% 25% 25% 25% 2.5. Cash and Cash Equivalents Cash and cash equiv81ents are basic financial ass8ts and include cash in hand and deposits held al call with banks, other short-term highly liquid investment5 that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value. and bank overdrafts. 3. Incoffle from Donations and Legacios 2025 Unrestricted funds other 47,371 Page 6
Al Faiz Trust Notes to the Financial Staternents Icontinuedl For The Year Ended 31 March 2025 4. Analysis of Expenditure 2025 Support costs (see note 51 Raising lunds 17.091 5. Support Costs 2025 Raising funds General adminislralion 17,091 6. Average Number of Ernployees Averag& number of employees during the year was.. NIL 7. Tangible Assets Land & Property Froehold Cost As at 1 April 2024 As ot 31 March 2025 230,C#)O 230,CM)O Net Book Value As at 31 March 2025 230.C#JO As at 1 April 2024 230.C4JO 8. Crodttors: Amounts Falling Duo Within One Year 2025 Trode creditors Other creditors {1) 208.142 208,141 Page 7
Al Faiz Trust Notes to the Financial Staternents Icontinuedl For The Year Ended 31 March 2025 9. Credtlors: Amounts Falling Due After More Than One Year 2025 Bank108ns 32,328 10. Loans An analysis of the maturty of loans is given below= 2025 AnN)unts falling due th¥een one and fiv& years.. Bank108ns 32,328 11. Movom8nl in Funds As at 1 April 2024 Asat31 Expenditure March 2025 Incomo Unrestricted funds General.. General unrestricted fund 134.9771 47,371 117,0911 14.697) Total funds 134.9771 47,371 117.0911 14,697) 12. Transactions with Trustees During the year the expenses reimbursed lo the trustees or paid directly lo third parties were as follows.. 2025 13. Rolaiod Party Disclosur&s Page 8
Al Faiz Trust Deiailed Statement of Financial Activities For The Year Ended 31 March 2025 2025 Total funds INCOME AND ENDOWMENTS FROM: Donations and legacies Income from donations and legacies type A 47,371 47.371 47.371 EXPENDITURE ON: Raising funds Cornputer 50ftware costs Repairs, renewals and maintenance Insuran 186) 14.659) {997) 11,401) (923) 13.766) {814) 11.230) (443) 12,6371 {134) {1) Administration Advertising and rnarketing costs Heat & light utilities Travel Telecommunications Professional fees Bank charges Sundry exp8ns8s {17.091) {17,091) NET INCOME 30.280 Page 9