||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|