|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|