Charity number: 1133423 **Hussainia Islamic Mission** **UNAUDITED ACCOUNTS** **FOR THE YEAR ENDED 31/03/2024** ## **Hussainia Islamic Mission** **FINANCIAL STATEMENTS FOR THE YEAR ENDED 31/03/2024** ## **DIRECTORS AND TRUSTEES** Raja Imran Iqbal (Chairman) Aziz Ahmed (Secretary) Wasseem Akhtar (Treasury) Ashfaq Hussain (Trustee) Tukhir Ahmed (Trustee) Safraz Hussain (Trustee) Abass Mussawar (Trustee) Wasseem Akthar (Trustee) Aziz Ahmed (Trustee) Iqrar Ali (Trustee) Raja Imran Iqbal (Trustee) ## **PRINCIAL ADDRESS** The Mill Back Gladstone Street Oldham OL4 1BB ## **CHARITY NUMBER** 1131255 page 1 Hussainia Islamic Mission pag8 2 ## **Hussainia Islamic Mission** ## **ACCOUNTS** ## **FOR THE YEAR ENDED 31/03/2024** ## **CONTENTS** ||Page| |---|---| |Report of the Trustees|3| |Statement of Financial Activities|4| |Balance Sheet|5| |Notes to the Accounts|6 to 7| |Detailed Statement of Financial Activities|8 to 9| page 3 ## **Hussainia Islamic Mission** ## **FOR THE YEAR ENDED 31/03/2024 TRUSTEES' REPORT** The trustees present their report and accounts for the year ended 31/03/2024 ## **PRINCIPAL ACTIVITIES** The principal activity of the charity in the year under review was to advance Islamic religion in Oldham in particular those of the SHIA ITHNA-ASHRI Muslims. ## **SERVICES ACTIVITIRS & SCHEDULE** The mosque provides the following services to its community: - Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit) A place of Worship -5 daily congregational Prayers are held at the Masjid including the Jumma (Friday) prayer. - Services for Sisters – To accommodate our Sisters we have organized highly educated female scholars for lectures and religious festivals to take place in the mosque as often as possible during the year to provide important religious information to be shared through question/ answer sessions relevant to the Sisters with respect to the Qur'an. - Teachings -bi-weekly Arabic language classes are held within the Masjid for the brothers. The lead Imam also presents and discusses a hadith following Maghrib prayer to the congregation. This is done in Arabic, English and Urdu. - Education for children – Madrassa classes for boys and girls are help Monday to Friday. The classes are divided up according to age and gender. Our syllabus includes the learning of and correct recitation of the Holy Qur’an, Hafiz (memorizing) class, learning of Hadiths, correct manners and other Islamic etiquettes necessary for children living on a multi-cultural/religious society. - Funerals/Burials - our masjid provides prayer services for funeral. - Nikkah/Matrimonial services -our masjid provides services for Nikkah and registration. - The Masjid is also quite active within the community and regularly liaises with other organisations such as the local authority, housing schemes, the Police, local schools and colleges, the local children's centre, the Family Support Service arm of the Oldham Community Health Service as well as the Inter-faith forum. Some of these interactions are through the Youth Committee. - The Mosque has also had the pleasure of hosting some of the more notable figureheads of Islam today in various lectures and religious festivals. ## Wasseem Akhtar ## Trustee This report was approved by the Board of Trustees on 29/01/2025 page 4 |**Hussainia Islamic Mission**|||| |---|---|---|---| |**Statement of Financial Activities**
**for the year ended 31/03/2024**
**Incoming resources**
Activities for generating funds
**Total incoming resources**
**Resources expended**
Cost of Charitable 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**|**Unrestric**
**ted funds**
**Restricted**
**funds**
**2024**
2023
**Total**
Total
**£**
**£**
**£**
£
183,457
183,457
52,078
**183,457**
**-**
**183,457**
**52,078**
81,204

81,204

56,614
**81,204**
**- 81,204**
**56,614**
**102,253**
**- 102,253 (4,536)**
**102,253**
**- 102,253 (4,536)**
165,004
- 165,004
169,540
**267,257**
**- 267,257 165,004**||| ||**183,457**|**-**|**183,457**| ||81,204
||81,204
| ||**81,204**|**- **|**81,204**| ||**102,253**|**- **|**102,253 **| ||**102,253**
165,004
**267,257**|**- **
-
**- **|**102,253 **
165,004
**267,257 **| page 5 ## **Hussainia Islamic Mission** |**BALANCE SHEET AT 31/03/2024**
**Notes**
**FIXED ASSETS**
Tangible assets
**CURRENT ASSETS**
Cash at bank and in hand
**CREDITORS: Amounts falling due within one year**
**2**
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**CAPITAL AND RESERVES**
**Unrestricted funds**
**3**
Designated funds
|67,257
67,257
-



|**2024**
**£**
200,000


67,257
**267,257**
267,257
**267,257**|
165,004
165,004
-



|2023
£
-
165,004| |---|---|---|---|---| |||||**165,004**| |||||165,004| |||||**165,004**| **Approved by the Board of Trustees on 29/01/2025 and signed on their behalf by** ............................. Wasseem Akhtar Trustee page 6 **Hussainia Islamic Mission** ## **NOTES TO THE ACCOUNTS** **FOR THE YEAR ENDED 31/03/2024** ## **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 of the Statement of Recommended Practice, Accounting and Reporting by Charities. ## **2. 1 INCOME** **Recognition of Income** 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 to 5.12 FRS102 SORP). In the case of performance 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 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 of any stock of goods donated for distribution to beneficiaries is deemed to be fair value of those gifts at the time of their 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 carrying amount of the 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 of sale, and recognized in ‘Income from other trading activities’ with the corresponding stock recognized in the balance sheet. On its sale the value of stock 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 recognized 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** Donated services and facilities are included in the SOFA when received at the value of the gift to the charity provided **and facilities** the value of the gift can be measured reliably. 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 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 of the obligation 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 public accountability of the charity and its compliance with regulation and good practice. Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, eg allocating property cost by floor areas, or per capita, staff costs by the time spent and other costs by their usage. page 7 ## **Hussainia Islamic Mission** **Deferred income** No material item of deferred income has been included in the accounts. **Creditors** Creditors are measured at settlement amounts less any trade discounts. **Basic financial** The charity accounts for basic financial instruments on initial recognition as per paragraph 10.7 FRS102 SORP. **Instruments** Subsequent measurement is per paragraphs 11.17 to 11.119, FRS102 SORP. ## **2. 3 ASSETS** **Tangible fixed assets** The charity has acquired a property this year for £200,000 **for use by charity Debtors** Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be receive ## **3. UNRESTRICTED FUNDS** **Brought Incoming Outgoing Transfers Carried** ## **4. RESTRICTED FUNDS** |**forward**
**£**
165,004
165,004
**Brought**
**forward**
**£**|**resources**

**£**
183,457
183,457
**Incoming**
**resources**

**£**|**resources**
**forward**

**£**
**£**
**£**
81,204
-
267,257
81,204
-
267,257
**Outgoing Transfers Carried**
**resources**
**forward**
**£**
**£**
**£**|**£**
-|**forward**
**£**
267,257| |---|---|---|---|---| ||||-|267,257| page 8 ## **Hussainia Islamic Mission** |
**Incoming resources**
**Incoming resources from generated funds**
**Incoming Resources**
**for the year ended 31/03/2024**|**2024**
**£**


183,457
183,457| |---|---| page 9 ## **Hussainia Islamic Mission** |**Resources Expended**
**for the year ended 31/03/2024**
**Resources expended Costs of**
**generating funds Charitable**
**Activities**
Resources Expended Charitable Activities
Rates
Heat and light
Legal Fees|**2024**
**£**

66,392

2,070
12,401
341
81,204|2023
£
49,722
1,792
5,100
-
56,614| |---|---|---| page 9