2022-03-31-accounts

	Hussainia	Islamic Mission
	FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31(03/2022
DIRECTORS AND TRUSTEES
Rais Imran Iqbal (Chairman)
Azrz Ahmed (Secretary)
lNasseem Akhtar (Treasury)
Ashfaq Hussein (Trustee)
Tukhir Ahmed (Trustee)
Safraz Hussam (Trustee)
Abase Mussawar (Trustee)
yyasseem Akthar (Trustee)
Aziz Ahmed (Trustee)
PRINCIAL ADDRESS
The Mill
Back Gladstone
Street
Oldham
OL4 1BB
CHARITY NUMBER
1131255

		Page
Report ofthe Trustees
Statement of Financial	Activities
Balance Sheet
Notes to the Accounts		6 to 7
Detailed Statement of	Financial Activities	8to 9

Incoming resources
Activities for generabng funds
Total incoming resources
Resources expended
Cost of Chantable activities
Total resources expended
Net incoming resources before transfers
Net movement in funds:
Net income for the year
Total funds brought forward
Net funds carried forward

Statement ofFinancial Activities
for the year ended 31/0312022
			2022	2021
	Unrestric	Restricted	Total	Total
	ted funds	funds
			f	I
	67,477		67,477	43,597
	67,477		67,477	43,597
	30,459		30,459	35,467
	30,459		30,459	35,467
	37,018		37,018	8,130
	37,018		37,018	8,130
	132,522		132,522	124,392
	169,540		169,540	132,522

	Hussainia	islamic Mission
	BALANCE SHEET AT 31/03/2022
				2022		2021
		Notes		5		6
FIXED ASSETS
Tangible assets
CURRENT ASSETS
Cash at bank and in hand			169,540		132,522
			169,540		132,522
CREDITORS: Amounts	falling due within one year
NET CURRENT ASSETS				169,540		132,522
TOTAL ASSETS LESSCURRENT LIABILITIES				169,540		132,522
CAPITAL AND RESERVES
Unrestricted funds
Designated funds				169,540		132,522
				159,540		132,522

1.ACCOUNTING POLICIES	1.ACCOUNTING POLICIES	1.ACCOUNTING POLICIES
1a.Basis	Of Accounting
The accounts have been		prepared under the historical cost convention and in accordance with the Financial Reporting Standard		for
Smaller Entities (effective		January 2015)and ihe 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 chanty 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 summent reliability.
Grants and	Donations	Grants and donations are only included in the SOFA when the general mcome recognition critena are met (5.10 5.12 FRS102SORP).				to
		In the case ofperformance related grants, income must only be recogmzed	to the extent that the charity has	provided
		the specified goods or service as entitlement to the grant only occurs when	the performance related conditions		are
		met (5.16FRS 102 SROP)
Donated Goods		Donated goods are measured at fair value (the amount for which the asset	could be exchanged) unless impractical				to
		do so
		The cost ofany stock of goods donated for distnbution to beneficianes is	deemed to be fair value ofthose gifts			at
		the time oftheir receipt and they are recognized on receipt In the reporting	penod in which the stocks are distributed,
		they are recognized as an expense at the carrymg amount ofthe stocks at	distnbution
		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
		recogmzed in the balance sheet. On its sale the value ofstock is changed against 'Income from other trading activities' and the proceeds from sale also recognized as 'Income from other trading activities'.
		Goods donated for on-going use by the chanty are recognized as tangible	fixed assets and mcluded in the SOFA as
		incoming resources when receivable.
		Gifts donated for use by the chanty are inc/uded in the SOFA as income from donations when receivable.
Donated Services and facilities		Donated services and facilities are included in the SOFA when received at the value of the gift can be measured rehably	the value ofthe gift to the chanty	provided
		Donated services and facilities that are consumed immediately are recognized as income with an equivalent		amount
		recognized as an expense in the SOFA.
Volunteer help		Th value of any voluntary help received is not included in the accounts but	is desciibed 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				the
		chanty to pay out resources and the amount ofthe obhgation can be measured with reasonable certainty
Governance	and	Support costs have been allocated between governance cost and other support. Governance costs comprise			all	costs
support costs		involving pubhc accountabihly ofthe charity and its comphance with regulation and good practice
		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

					if	ussainia	Islamic Mission
						Incoming Resources
					for	the year	ended 31/03/2022
								2022	2021
								6	2
Incoming Incoming	resources resources	from	generated	funds				67,477 67,477	43,597 43,597

				Resources Expended
				for the year ended 31/03/2022
					2022	2021
Resources	expended	Costs of
generating	funds Charitable
Activities
Resources	Expended	Charitable	Activities		23,880	30,357
Rates					1,792	1,792
Heat and hght					4,787	3,318
					30,459	35,467