||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|