2023-03-31-accounts

	Hussainia	Islamic Mission	Islamic Mission
	FINANCIAL		STATEMENTS
	FOR THE YEAR		ENDED 31/03/2023
DIRECTORS AND TRUSTEES
Ra)a Imran Iqbal (Chairman)
Aziz Ahmed (Secretary)
yyasseem Akhtar (Treasury)
Ashfaq Hussain (Trustee)
Tukhir Ahmed (Trustee)
Safraz Hussein (Trustee)
Abase Mussawar (Trustee)
yyasseem Akthar (Trustee)
Aziz Ahmed (Trustee)
PRINCIAL ADDRESS
The Mill
Back Gladstone
Street
Oldham
OL4 IBB
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	6to 9

		Statement ofFinancial Activities
		for the year ended 31/03/2023
					2023	2022
			Unrestnc	Restncted	Total	Total
			ted funds	funds
Incoming resources
Activities for generating funds			52,078		52,078	67,477
Total incoming resources			52,078		52,078	67,477
Resources expended
Cost of Charitable activities
			56,614		56,614	30,459
Total resources expended			56,614		56,614	30,459
Net incoming resources	before transfers		(4,536)		(4,536)	37,018
Net movement in funds:
Net income for the year			(4,536)		(4,536)	37,018
Total funds brought forward			169,540		169,540	132,522
Net funds carried forward			165,004		165,004	169,540

		Hussainia Islamic Mission
		NOTES TO THE ACCOUNTS
		FOR THE YEAR ENDED 31/03/2023
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 the requirements ofthe Statement ofRecommended	Practice, Accounting				and Reporting
by Charities
2. 1 INCOME
Recognition	of Income	These are included in the Statement of Fmanmal 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 sufliment rehability.
Grants and Donations		Grants and donations are only included in the SOFA when the general income			recognition	criteria	are met	(5.10			to
		5 12FRS102SORP)
		In the case ofperformance related grants, income must only be recognized	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 (5.16 FRS 102SROP).
Donated Goods		Donated goods are measured at fair value (the amount for which the asset	could be exchanged)				unless impractical					to
		tlo so.
		The cost ofany stock of goods donated for distribution to beneficiaries is	deemed to be fair value of those					gifts			at
		the time oftheir receipt and they are recognized on receipt In the reporting	period in which			the stocks are distributed,
		they are recognized as an expense at the carrymg 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 ofsate, and recognized in 'Income from other trading		activities' with the corresponding						stock
		recogmzed in Ihe 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 charity are recogmzed as tangible	fixed		assets and	mcluded m 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		Donated services and faciliTies are included in the SOFA when received at	the		value ofthe	gift to	the chanty		provided
and facilities		the value ofthe gift can be measured reliably.
		Donated services and fambbes 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 described 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
		charity to pay out resources and the amount ofthe obligation can be measured			with reasonable certamty.
Governance	and	Support costs have been allocated between governance cost and other support			Governance costs compnse					all	costs
5Upport costs		mvolving pubhc accountabilily ofthe charity and its compliance with regulation			and good practice.
		Support costs include central functions and have been allocated to actwity	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

					Hussein/a	Islamic Mission	Islamic Mission
					Incoming		Resources
					for the year	ended 31/03/2023
								2023	2022
Incoming	resources							52,078	67,477
Incoming	resources	from	generated	funds				52,078	67,477

				Resources Expended
				for the year ended 31/03/2023
					2023	2022
					8	f
Resources	expended	Costs of
generating	funds Charitable
Activities
Resources	Expended	Charitable	Activities		49,722	23,880
Rates					1,792	1,792
Heat and light					5,100	4,787
					56,614	30,459