Docusign Envelope ID: 74726C68-7EB4-4EB9-85AE-4CF72E999EB9
Charity registration number: 1132783
Kanz ul Huda
Annual Report and Financial Statements for the Year Ended 31 October 2024
Docusign Envelope ID: 74726C68-7EB4-4EB9-85AE-4CF72E999EB9
Kanz ul Huda
| Contents | ||
|---|---|---|
| Reference and Administrative Details | 1 | |
| Trustees' Report | 2 to 4 | |
| Statement of Trustees' Responsibilities | 5 | |
| Independent Examiner's Report | 6 | |
| Statement of Financial Activities | 7 | |
| Balance Sheet | 8 | |
| Notes to the Financial Statements | 9 to 14 |
Docusign Envelope ID: 74726C68-7EB4-4EB9-85AE-4CF72E999EB9
Kanz ul Huda
Reference and Administrative Details
Trustees
Saqib Iqbal Mohammed Habib Anila Nazir Principal Office
Unit 7-8 Saltley Industrial Centre Adderley Road Birmingham B8 1AW
Charity Registration Number
1132783
Independent Examiner
Nasir Rafiq Dua Governance Bradford Court 123-131 Bradford Street Digbeth Birmingham B12 0NS
Page 1
Docusign Envelope ID: 74726C68-7EB4-4EB9-85AE-4CF72E999EB9
Kanz ul Huda
Trustees' Report
The trustees present the annual report together with the financial statements of the charity for the year ended 31 October 2024.
Objectives and activities
Objects and aims
The governing scheme defines the charity's objects as being to:
-
To promote the teachings and tenets of Islam, through worship, rites of passage, and provision of facilities for Islamic education in accordance with the teachings of the holy Qur’an and the Sunnah of the Prophet Muhammad (PBUH) as defined by imams and scholars of the Sunni Hanafi-Barelwi school of thought of the Asian subcontinent.
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To advance education for the public benefit by providing scriptural, cultural and spiritual educational activities as well as organising educational supplementary support and facilitating language classes.
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The prevention or relief of poverty or financial hardship anywhere in the world by providing or assisting in the provision of education, training, healthcare, food, basic necessities, clean water, shelter projects and all the necessary support designed to enable individuals to generate a sustainable income and be self-sufficient.
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To provide facilities for recreation or other leisure-time occupation to those in need by reason of their youth, age, infirmity, disability, financial hardship or social and economic circumstances.
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To promote knowledge and mutual understanding and respect of the beliefs and practices of different religious faiths to the public highlighting shared values and common interests.
Public benefit
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
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Docusign Envelope ID: 74726C68-7EB4-4EB9-85AE-4CF72E999EB9
Kanz ul Huda
Trustees' Report
Achievements and performance
1. Educational Programs
• Kanz ul Huda Course (24 weekends) was successfully delivered with consistent attendance. Hundreds of students enrolled and continue to study in other courses.
• Kanz ul Huda Madrassa – continued and sustained focus on education
- Regular weekly Qur’ān & Sunnah circles held both in-person and online.
2. Community Engagement
• Organised Mawlid 2024 with national and international participation.
-
Poster and awareness campaigns conducted in local mosques, shops, and community centres.
-
Eid in the Park events - twice, extremely popular, a family event.
3. Publications & Media
• Completion and release of several publications – covering spiritual, motivational and Islamic jurisprudence, reaching wide readership. Printed and digitally.
• Designed bespoke Islamic posts, artwork, and informative posts with illustrations and vector art.
• Consistent online presence through OBS streaming, and media uploads.
4. Social Impact
• Expansions of sister’s activities and workshops. Youth mentorship programmes introduced to support teenagers in the community.
• Workshops on belief, fiqh, and spirituality delivered for different age groups.
-
Ongoing support for families and individuals through counselling and guidance.
-
Performance & Growth
• Increase in attendance across all major events compared to the previous year.
• Expanded volunteer base with structured teams for events, poster campaigns, and teaching.
- Positive feedback received from students, parents, and community partners.
Financial review
During the year the charity raised £299k (2023: £587k) and spent £139k (2023: £55k), generating a net income of £160k (2023: £532k).
The charity has carry forward reserves of £1.37m (2023: £1.2m) of which general reserves were £749k (2023: £589k).
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Docusign Envelope ID: 74726C68-7EB4-4EB9-85AE-4CF72E999EB9
Kanz ul Huda
Trustees' Report
Structure, governance and management
Nature of governing document
The charity is an unincorporated charity, formed under a trust deed on the 23 October 2009. The Charity registered with the Charity Commission on the 19 November 2009.
Trustees are legally responsible for the governance and management of the charity. There are three founding Trustees that are appointed for life. Trustees are responsible for setting strategies and policies and ensuring these are implemented.
Risk management-
The charity's trustees have considered the major risks to which the charity is exposed and have reviewed potential risks. Systems and procedures have been put in place to manage the risks and to mitigate any adverse outcomes.
29 August 2025
The annual report was approved by the trustees of the charity on .................... and signed on its behalf by:
......................................... Mohammed Habib Trustee
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Docusign Envelope ID: 74726C68-7EB4-4EB9-85AE-4CF72E999EB9
Kanz ul Huda
Statement of Trustees' Responsibilities
The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
-
select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the constitution. 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.
29 August 2025
Approved by the trustees of the charity on .................... and signed on its behalf by:
......................................... Mohammed Habib Trustee
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Docusign Envelope ID: 74726C68-7EB4-4EB9-85AE-4CF72E999EB9
Kanz ul Huda
Independent Examiner's Report to the trustees of Kanz ul Huda
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 October 2024 which are set out on pages 7 to 14.
Respective responsibilities of trustees and examiner
As the charity’s trustees of Kanz ul Huda you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the Kanz ul Huda's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner’s statement
Since Kanz ul Huda's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ICAEW, which is one of the listed bodies.
I have completed my examination. I 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:
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accounting records were not kept in respect of Kanz ul Huda as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting 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.
I 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.
...................................... Nasir Rafiq ICAEW
Dua Governance Bradford Court 123-131 Bradford Street Digbeth Birmingham B12 0NS
30/08/2025
Date:.............................
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Docusign Envelope ID: 74726C68-7EB4-4EB9-85AE-4CF72E999EB9
Kanz ul Huda
Statement of Financial Activities for the Year Ended 31 October 2024
| Unrestricted Total |
|
|---|---|
| funds Restricted funds 2024 |
|
| Note | £ £ £ |
| Income and Endowments from: | |
| Donations and legacies | 298,939 - 298,939 |
| Expenditure on: | |
| Raising funds | (17,263) - (17,263) |
| Charitable activities | (121,453) - (121,453) |
| Total expenditure | |
| (138,716) - (138,716) |
|
| Net income | |
| 160,223 - 160,223 |
|
| Net movement in funds | |
| 160,223 - 160,223 |
|
| Reconciliation of funds | |
| Total funds brought forward | |
| 588,970 623,493 1,212,463 |
|
| Total funds carried forward 11 |
|
| 749,193 623,493 1,372,686 |
|
| Unrestricted Total |
|
| funds Restricted funds 2023 |
|
| Note | £ £ £ |
| Income and Endowments from: | |
| Donations and legacies | 373,010 214,594 587,604 |
| Total income | |
| 373,010 214,594 587,604 |
|
| Expenditure on: | |
| Raising funds | (8,796) - (8,796) |
| Charitable activities | (46,396) - (46,396) |
| Total expenditure | |
| (55,192) - (55,192) |
|
| Net income | |
| 317,818 214,594 532,412 |
|
| Net movement in funds | |
| 317,818 214,594 532,412 |
|
| Reconciliation of funds | |
| Total funds brought forward | |
| 271,152 408,899 680,051 |
|
| Total funds carried forward 11 |
|
| 588,970 623,493 1,212,463 |
All of the charity's activities derive from continuing operations during the above two periods.
The funds breakdown for 2023 is shown in note 11.
Page 7
Docusign Envelope ID: 74726C68-7EB4-4EB9-85AE-4CF72E999EB9
Kanz ul Huda
(Registration number: 1132783) Balance Sheet as at 31 October 2024
| 2024 | 2023 | |
|---|---|---|
| Note | £ | £ |
| Fixed assets | ||
| Tangible assets 8 |
19,209 | 6,393 |
| Current assets | ||
| Cash at bank and in hand 9 |
1,357,309 | 1,208,570 |
| Creditors: Amounts falling due within oneyear 10 |
(3,832) | (2,500) |
| Net currentassets | 1,353,477 | 1,206,070 |
| Netassets | 1,372,686 | 1,212,463 |
| Funds of the charity: | ||
| Restricted income funds | ||
| Restricted funds | 623,493 | 623,493 |
| Unrestricted income funds | ||
| Unrestricted funds | 749,193 | 588,970 |
| Total funds 11 |
1,372,686 | 1,212,463 |
29 August 2025The financial statements on pages 7 to 14 were approved by the trustees, and authorised for issue on .................... and signed on their behalf by:
......................................... Mohammed Habib Trustee
Page 8
Docusign Envelope ID: 74726C68-7EB4-4EB9-85AE-4CF72E999EB9
Kanz ul Huda
Notes to the Financial Statements for the Year Ended 31 October 2024
1 Accounting policies
Statement of compliance
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
Basis of preparation
Kanz ul Huda meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
Exemption from preparing a cash flow statement
The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.
Going concern
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
Income and endowments
Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.
Donations and legacies
Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
Raising funds
These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Page 9
Docusign Envelope ID: 74726C68-7EB4-4EB9-85AE-4CF72E999EB9
Kanz ul Huda
Notes to the Financial Statements for the Year Ended 31 October 2024
Governance costs
These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees’s meetings and reimbursed expenses.
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Tangible fixed assets
Individual fixed assets costing £500 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation and amortisation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
| Asset class | Depreciation method and rate |
|---|---|
| Fixtures and fittings | Straight line - 20% |
| Land and Building | Straight Line - 5% |
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Statement of Financial Activities over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the charity has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees's discretion in furtherance of the objectives of the charity.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
Page 10
Docusign Envelope ID: 74726C68-7EB4-4EB9-85AE-4CF72E999EB9
Kanz ul Huda
Notes to the Financial Statements for the Year Ended 31 October 2024
2 Income from donations and legacies
| 2 Income from donations and legacies |
|||
|---|---|---|---|
| Unrestricted | |||
| funds | Total | Total | |
| General | 2024 | 2023 | |
| £ | £ | £ | |
| Donations and legacies; | |||
| Donations from individuals | 298,939 | 298,939 | 587,604 |
| 298,939 | 298,939 | 587,604 | |
| 3 Expenditure on charitable activities |
|||
| Unrestricted | |||
| funds | Total | Total | |
| General | 2024 | 2023 | |
| £ | £ | £ | |
| Consultancy fees | 52,008 | 52,008 | 23,266 |
| Repairs and maintenance | 21,397 | 21,397 | - |
| Charitable donations | 4,000 | 4,000 | 6,495 |
| Office expenses | 7,961 | 7,961 | 314 |
| Independent examiner fee | 3,402 | 3,402 | 4,020 |
| Staff NIC (Employers) | 1,094 | 1,094 | - |
| Depreciation | 3,013 | 3,013 | 2,131 |
| Cleaning and waste removals | 18,927 | 18,927 | 2,329 |
| Light, heat and power | 7,714 | 7,714 | 7,246 |
| Sundry expenses | 924 | 924 | - |
| Printing, postage and stationery | 1,013 | 1,013 | 595 |
| Wages and Salaries | 17,263 | 17,263 | 8,796 |
| 138,716 | 138,716 | 55,192 |
- 4 Analysis of governance and support costs
Governance costs
| Governance costs | |
|---|---|
| Unrestricted | |
| funds Total Total |
|
| General 2024 2023 |
|
| £ £ £ |
|
| Staff costs | |
| Social security costs | 1,094 1,094 - |
| Independent examiner fees | |
| Examination of the financial statements | 3,402 3,402 4,020 |
| 4,496 4,496 4,020 |
Page 11
Docusign Envelope ID: 74726C68-7EB4-4EB9-85AE-4CF72E999EB9
Kanz ul Huda
Notes to the Financial Statements for the Year Ended 31 October 2024
5 Staff costs
The aggregate payroll costs were as follows:
| The aggregate payroll costs were as follows: | |
|---|---|
| 2024 2023 |
|
| £ £ |
|
| Staff costs during the year were: | |
| Wages and salaries | 17,263 8,796 |
| Social securitycosts | 1,094 - |
| 18,357 8,796 |
No employee received emoluments of more than £60,000 during the year
6 Independent examiner's remuneration
| 6 Independent examiner's remuneration |
||||
|---|---|---|---|---|
| 2024 | 2023 | |||
| £ | £ | |||
| Examination of the financial statements | 3,402 | 4,020 |
7 Taxation
The charity is a registered charity and is therefore exempt from taxation.
8 Tangible fixed assets
| 8 Tangible fixed assets |
|
|---|---|
| Land and Furniture and |
|
| buildings equipment Total |
|
£ £ £ |
|
| Cost | |
| At 1 November 2023 | - 10,654 10,654 |
| Additions | 15,228 600 15,828 |
| At 31 October 2024 | |
| 15,228 11,254 26,482 |
|
| Depreciation | |
| At 1 November 2023 | - 4,261 4,261 |
| Charge for theyear | 761 2,251 3,012 |
| At 31 October 2024 | |
| 761 6,512 7,273 |
|
| Net book value | |
| At 31 October 2024 | |
| 14,467 4,742 19,209 |
|
| At 31 October 2023 | |
| - 6,393 6,393 |
Page 12
Docusign Envelope ID: 74726C68-7EB4-4EB9-85AE-4CF72E999EB9
Kanz ul Huda
Notes to the Financial Statements for the Year Ended 31 October 2024
9 Cash and cash equivalents
| 9 Cash and cash equivalents |
||
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| Cash on hand | 7,885 | 2,788 |
| Cash at bank | 1,349,424 | 1,205,782 |
| 1,357,309 | 1,208,570 |
10 Creditors: amounts falling due within one year
| 2024 | 2023 | 2023 | |||
|---|---|---|---|---|---|
| £ | £ | ||||
| Other creditors | 1 | - | |||
| Accruals | 3,831 | 2,500 | |||
| 3,832 | 2,500 | ||||
| 11 Funds |
|||||
| Balance at 1 | Incoming | Resources | Balance | at 31 | |
| November 2023 | resources | expended | October | 2024 | |
| £ | £ | £ | £ | ||
| Unrestricted funds | |||||
| General | 588,970 | 298,939 | (138,716) | 749,193 | |
| Restricted funds | 623,493 | - | - | 623,493 | |
| Total funds | 1,212,463 | 298,939 | (138,716) | 1,372,686 | |
| Balance at 1 | Incoming | Resources | Balance | at 31 | |
| November 2022 | resources | expended | October | 2023 | |
| £ | £ | £ | £ | ||
| Unrestricted funds | |||||
| General | 271,152 | 373,010 | (55,192) | 588,970 | |
| Restricted funds | 408,899 | 214,594 | - | 623,493 | |
| Total funds | 680,051 | 587,604 | (55,192) | 1,212,463 |
12 Analysis of net assets between funds
Page 13
Docusign Envelope ID: 74726C68-7EB4-4EB9-85AE-4CF72E999EB9
Kanz ul Huda
Notes to the Financial Statements for the Year Ended 31 October 2024
| Unrestricted | |
|---|---|
| funds Restricted Total funds |
|
| General funds 2024 |
|
| £ £ £ |
|
| Tangible fixed assets | 19,209 - 19,209 |
| Current assets | 733,816 623,493 1,357,309 |
| Current liabilities | (3,831) - (3,831) |
| Total net assets | |
| 749,194 623,493 1,372,687 |
|
| Unrestricted | |
| funds Restricted Total funds |
|
| General funds 2023 |
|
| £ £ £ |
|
| Tangible fixed assets | 6,393 - 6,393 |
| Current assets | 585,077 623,493 1,208,570 |
| Current liabilities | (2,500) - (2,500) |
| Total net assets | |
| 588,970 623,493 1,212,463 |
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