2021-03-31-accounts

Hussalnia Islamic Mission
UNAUD/TED ACCOUNTS
FORTHE YEAR ENDED 31/03/2021

	Hussalnia	Islamic Mission
	FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31/03I2021
DIRECTORS AND TRUSTEES
Ra)a Imran Iqbal (Chairman)
Aziz Ahmed (Secretary)
Wasseem Akhtar (Treasury)
Ashfaq Hussein (Trustee)
Anwar Hussein (Trustee)
Safraz Hussein (Trustee)
Abase Mussawar (Trustee)
Waseem Akthar (Trustee)
Aziz Ahmed (Trustee)
PRINCIAL ADDRESS
The Mill
Back Gladstone
Street
Oldham
QL4 1BB
CHARITY NUMBER
1131255

		Page
Report of the Trustees
Statement of Financial Activities
Balance Sheet
Notes to the Accounts		0to T
Detailed Statement of Financial	Activities	8to 9

				2021	2020
		Unrestrlc	Restricted	Total	Total
		ted funds	funds
Incoming resources
Activities for generating funds		43,597		43,597	52,146
Total incoming resources		43,597		43597	52 146
Resources expended
Cost ofCharitable activities					15,000
		35,467		35,457	38,333
Total resources expended		35,467		35487	53333
Net incoming resources	before transfers	8,130		8,130	/1,187)
Net movement in funds:
Net income for the year		8,130		8,130	i1,187)
Total funds brought forward		124,392		124,392	125,579
Net funds carried forward		132,522		132,522	124,392

		NOTES TO THE ACCOUNTS
		FOR THE YEAR ENDED 31(03/2021
1.ACCOUNTING POLICIES
1a.Basis	Of Accounting
The accounts have been		prepared under the histoncal cost convention and in accordance with the Financial Reporting Standard		for
Smaller Entities (effective		January 2015)and the requirements ofthe Statement ofRecommended	Practice, Accounting and Reporting
by Charities.
2.1 INCOME
Recognition	ofincome	These are included in the Statement of Financial Activities (SOFA) when:
		The charity becomes entitled to the resources;
		It is more likely than not that the trustees will receive the resources,
		and
		The monetary value can be measured with sufficient reliability.
Grants and	Donations	Grants and donations are only included in the SOFA when the general income recognition criteria are met (5.10 5 12FRS102 SORP).			to
		In the case ofperformance related grants, income must only be recognized the specified goods or service as entitlement to the grant only occurs when met (5.16 FRS 102SROP).	to the extent that the charity has provided the performance related conditions are
Donated Goods		Donated goods are measured at fair value (the amount for which the asset do so.	could be exchanged) unless impractical to
		The cost ofany stock ofgeode donated for distribution to benefimaries is the time oftheir receipt and they are recognized on receipt In the reporting	deemed to be fair value ofthose gifts at period in which the stocks are distnbuted,
		they are recogmzed as an expense at the carrying amount ofthe stocks at	distribution
		Donated goods for.resale are measured at fair value on initial recognition, which is the expected proceeds from sale less the expected costs ofsale, and recogmzed in 'Income from other trading activities' with the corresponding stock
		recognized m Ihe balance sheet. On its sale the value ofstock is changed against 'Income from other trading activities' and the proceeds from sale also recogmzed as 'Income from other trading activities'
		Goods donated for on-going use by the charity are recogmzed as tangible	fixed assets and included in the SOFA as
		incoming resources when receivable.
		Gifts donated for use by the charity are included in the SOFA as income from donations when receivable
Donated Services and facilities		Donated services and fawlities are included in the SOFA when received at the value ofthe gift can be measured reliably.	the value ofthe gifl to the charily	provided
		Donated services and facilities that are consumed immediately are recogmzed as income with an equivalent		amount
		recognized as an expense in the SOFA.
Volunteer help		Th value ofany voluntary help received is not included in the accounts but	is descnbed in the trustees' annual	report.
2.2 EXPENDITURE AND LIABILITIES
Liability recognition Liabilities are recognized where it is most likely than not that there is a legal or constructive obligation committing chanty to pay out resources and the amount ofthe obligation can be measured with reasonable certainty.					the
Governance and support costs		Support costs have been allocated between governance cost and other support. Governance costs comprise involving public accountability ofthe chanty and its compliance with regulation and good practice.		afl	costs
	Support costs include central functions and have been allocated to activity		cost categones on a basis consistent		with
	the use ofresources, eg allocating property cost by floor areas, or per capita, staff costs by the time spent and other
	costs by their usage.
		page 6

					Hussainia	Islamic Mission
					Incoming Resources
					for the year	ended 31/03/2021
							2021	2020
Incoming Incoming	resources resources	from	generated	funds			43,597 43,597	52,146 52,146

			Hussainia	Islamic Mission
			Resources Expended
			for the year	ended 31/03/2021
					2021	2020
Resources expended
Costs ofgenerating	funds
Charitable Activities
Resources Expended	Charitable	Activities			30,357	31,532
Rates					1,792	1,764
Heat and kght					3,318	3,965
Repairs and renewals						1,000
Bank charges						12
Safety &Secudity						60
Loan repayment						15,000
					35,467	53,333