OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2024-07-31-accounts

COMPANY REGISTRATION NUMBER: 06950828 CHARITY REGISTRATION NUMBER: 1137776

Al Huda Welfare Foundation UK Company Limited by Guarantee Unaudited Financial Statements

31 July 2024

TAX DIRECT LIMITED

Chartered accountants 205 Ley Street Ilford Essex IG1 4BL

Al Huda Welfare Foundation UK

Company Limited by Guarantee

Financial Statements

Year ended 31 July 2024

Page
Trustees' annual report (incorporating the director's report) 1
Report to the board of trustees on the preparation of the
unaudited statutory financial statements 12
Statement of financial activities (including income and
expenditure account) 13
Statement of financial position 14
Notes to the financial statements 15
The following pages do not form part of the financial statements
Detailed statement of financial activities 24
Notes to the detailed statement of financial activities 25

Al Huda Welfare Foundation UK

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report)

Year ended 31 July 2024

The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 July 2024.

Chair's report

Report of the trustees (incorporating the directors' report) for the year ended 1 August 2023- 31st July 2024 Al Huda Welfare Foundation UK, during the year we undertook various activities and endeavours to enrich the lives of people within the community and society as a whole.

Reference and administrative details

Registered charity name Al Huda Welfare Foundation UK Charity registration number 1137776 Company registration number 06950828 Principal office and registered 205 Ley Street office Ilford Essex IG1 4BL The trustees Mrs Sarodia Mrs Chughtai Accountants Tax Direct Limited Chartered accountants 205 Ley Street Ilford Essex IG1 4BL

1

Al Huda Welfare Foundation UK

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 31 July 2024

Structure, governance and management

A number of educational projects were initiated to help people understand the spirit of Islamic Principles and how to integrate them in one's life without upsetting the balance of the society around oneself, but rather being an agent of change to bring about a positive influence and coherent understanding of tolerance and cooperation. Educational endeavours undertaken were:

The immense demand and popularity of Al Huda Welfare Foundation UK's Quran Literacy project, from the previous years, propelled Al Huda to further expand its project. This expansion has enabled us to reach even more members of the community and help change and mould their lives. The following courses were conducted:-

Urdu Courses

English Courses

" Taleem Al Hadith

" Al Huda Weekend School (AWIS) for children aged between 5 - 10 and 11" Hifdh classes for

boys- Evenings

" Pinnacles of the Quran (weekdays)

" Al Huda Miftah al Quran (AMQ) (evenings weekdays) for boys and girls and now also on Sunday mornings " Read and write Qidah class for women (Sundays)]

" Quran Recitation and reflections - Every Saturdays 8 sessions.

Along with all preparations for different courses we also held frequent Staff training and IT training.

Taleem Al Quran - a complete Quran course, consisting of explanation of the Quran, learning to read the Arabic text of the Quran with its pronunciation rules, learning to recite selected prayers, selected subjects of rulings of the five pillars of Islam such as how to perform ablution, how to pray, rules on how to pay charity, how to perform Hajj and Umrah. Etc, Arabic Grammar as a subject.

2

Al Huda Welfare Foundation UK

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 31 July 2024

Fahm Al Quran - a complete course consisting of brief explanation of the Quran, brief Tajweed (rules in pronunciation of the Quran), selected prayers. Saut al Quran - completion course, with explanation of the Quran, Tajweed, Arabic Grammar. Tajweed - Reciting with the correct pronunciation of the Arabic letters and words delivered in English.

Youth & Special Events

" How to Pray - Term Break workshop for girls regarding the importance of Salah" Clarifications on Purification - free session for sisters and teenage girls" Zakat (Giving Charity) workshop delivered in English and Urdu

" Ramadan Preparation 2 days' workshop delivered in English and Urdu on zoom" Ramadan Dawra-e-Quran (listening to the translation of the entire Quran) in English and Urdu on zoom. " Quran and Hadith Journaling - Ramadan special workshop" Welcome Ramadan Urdu/English short workshop

" Umrah and Hajj Training workshops delivered in English and Urdu on zoom" Special Awareness event conducted by Redbridge Police - how to keep safe for young girls/women" Stores of the Quran - urdu session

" 10 days of Duas - last 10 days of Ramadan special session

" Ramadan recitation classes

" Summer Courses for the Youth including art activities

" Bathing and Shrouding of the Deceased

" Virtues of the month of Muharram

" Pyschodynamic Counselling

" Focus sessions for South Asian Women

" Metropolitan police interaction - different subjects covered

" Special guests speaker Nighat Hashmi - parenting in the light of Quran and Sunnah" Heroes of Faith - young boys and girls special session

" Winter holiday programme - Salahuddin al Ayyaubi

" Special guest speaker Hisham Al Hadi - appreciating the beauty of Arabic language, unlocking the themes of the Quran " Special guest speaker Umarrah Javed al Hadi - prophetic virtues and habits

The above courses have enabled us to enrich the lives of adult women and young girls by inculcating in them the essence of morality and ethics of living within a society. The result of this is geared towards homogenisation of women within society, keeping in view of their rights within Islam and obligations both towards society and the creator. All educational books and resources are provided by Alhuda Welfare Foundation UK to all students.

Social Welfare Department

Al Huda Welfare Foundation UK, social welfare department plays an active part in serving the community as well as the organisation itself. This department is managed by a senior member of Staff alongside a number of volunteers and other members of staff. All members of the team work very closely with the local authority and other organisational bodies in order to provide beneficial activities and social events not only to the Muslim community, Al Huda students, but also the local community in general. The aim of this department has been to aid the organisation and local community with social, moral and educational facilities. It plays an important part to support the organisation's funding department by organising regular fundraising events. Aim:

The primary aims are to create good relationship and enhance the community spirit, not just amongst

3

Al Huda Welfare Foundation UK

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 31 July 2024

Muslims but also the wider community network.

Objectives:

" To build relationship and strengthen the ties with neighbours and the local authorities." To support the organisation and raise funds

" To support local and leading charities with fund raising

" To bring the community together, by offering free events, services and distributing gifts on special occasions " To raise awareness of Islamic culture and teachings through depicting positive illustrations within the society " New Muslim Sisters

" Eid Charity Mela (bazaar)

" Homeless Food and Clothing Project

" Al Huda Scouts - 3rd Chadwell Heath - Every Fridays

Food Bank

We collaborated with a local charity to establish a food bank. Every month, a member of food bank collects food from our premises for the deprived members of the community, which had been donated through our students and friends. Our aim is to promote charity in a way to make society healthy and to provide support for those in need. This help builds a trust and relationship in the community. We also held our own Food Bank on our premises every Sundays giving out free tinned/boxed food donations which was much in demand due to the pandemic.

Other Facilities

We provide a Prayer Hall facility whereby Muslim men/women are able to offer their daily prayers together with Ramadan and Eid prayers. The prayer hall is available for prayer access 15 minutes before prayer time and closes 15 minutes after prayer time.

" Funds were raised for refurbishment of certain areas in the building" Funds were also raised for the basement area where we had a water leak

Conclusion

Social Welfare department is working in partnership with other sectors internally and externally, to provide more services and serve the community at large. We are trying to improve on our current services and are introducing new projects such as fitness classes, counselling sessions, IT classes by professionals and more English Language classes in the near future. As an organisation it is our duty to establish an anti-discriminatory practice and provide access to the whole community regardless of their colour, creed and religion. At the same time, pass on our deen and carry out dawah work to bring Muslims closer to the deen and portray positive role models for non-believing society, to get them out of a mindset of stereotypes of Muslims portrayed by the media, instead show them what are the correct teachings of our deen. As the mission of our organisation is to deliver Quran in every heart and

4

Al Huda Welfare Foundation UK

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 31 July 2024

every hand. The organisation was unable to conduct many of their Social Welfare

The above courses have enabled us to enrich the lives of adult women and young girls by inculcating in them the essence of morality and ethics of living within a society. The result of this is geared towards homogenisation of women within society, keeping in view of their rights within Islam and obligations both towards society and the creator.

This report was compiled on 8th April 2025

Objectives and activities

Objectives:

" To build relationship and strengthen the ties with neighbours and the local authorities." To support the organisation and raise funds

" To support local and leading charities with fund raising

" To bring the community together, by offering free events, services and distributing gifts on special occasions " To raise awareness of Islamic culture and teachings through depicting positive illustrations within the society " New Muslim Sisters

" Eid Charity Mela (bazaar)

5

Al Huda Welfare Foundation UK

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 31 July 2024

Strategic report

The immense demand and popularity of Al Huda Welfare Foundation UK's Quran Literacy project, from the previous years, propelled Al Huda to further expand its project. This expansion has enabled us to reach even more members of the community and help change and mould their lives. The following courses were conducted:-

Urdu Courses

English Courses

" Taleem Al Quran English Batch 1 - Completion Ceremony on 15th December 2022" Taleem Al Quran English Batch 2 (Weekdays)

" Al Huda Weekend School (AWIS) for children aged between 5 - 10 and 11" Hifdh classes for

boys- Evenings

(evenings weekdays) for boys and girls

Along with all preparations for different courses we also held frequent Staff training and IT training.

FOR MEN

Taleem Al Quran - a complete Quran course, consisting of explanation of the Quran, learning to read the Arabic text of the Quran with its pronunciation rules, learning to recite selected prayers, selected subjects of rulings of the five pillars of Islam such as how to perform ablution, how to pray, rules on how to pay charity, how to perform Hajj and Umrah. Etc, Arabic Grammar as a subject.

Fahm Al Quran - a complete course consisting of brief explanation of the Quran, brief Tajweed (rules in pronunciation of the Quran), selected prayers. Saut al Quran - completion course, with explanation of the Quran, Tajweed, Arabic Grammar. Tajweed - Reciting with the correct pronunciation of the Arabic letters and words delivered in English.

6

Al Huda Welfare Foundation UK

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 31 July 2024

Youth & Special Events

" How to Pray - Term Break workshop for girls regarding the importance of Salah" Cleanliness is half of Faith - free session for sisters and teenage girls" Zakat (Giving Charity) workshop delivered in English and Urdu

" Carrying Our Muslim Identity With Love in the Western World - Special Session" Man UP! - Session for boys learning about life changes growing up and how to cope with them from an Islamic Perspective " RSE Conference 2022 Redbridge - Our Children Our Say! Held on Saturday 5th November 2022

The above courses have enabled us to enrich the lives of adult women and young girls by inculcating in them the essence of morality and ethics of living within a society. The result of this is geared towards homogenisation of women within society, keeping in view of their rights within Islam and obligations both towards society and the creator. All educational books and resources are provided by Alhuda Welfare Foundation UK to all students.

7

Al Huda Welfare Foundation UK

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 31 July 2024

Achievements and performance

A number of educational projects were initiated to help people understand the spirit of Islamic Principles and how to integrate them in one's life without upsetting the balance of the society around oneself, but rather being an agent of change to bring about a positive influence and coherent understanding of tolerance and cooperation. Educational endeavours undertaken were:

The immense demand and popularity of Al Huda Welfare Foundation UK's Quran Literacy project, from the previous years, propelled Al Huda to further expand its project. This expansion has enabled us to reach even more members of the community and help change and mould their lives. The following courses were conducted:-

Urdu Courses

English Courses

" Taleem Al Hadith

" Al Huda Weekend School (AWIS) for children aged between 5 - 10 and 11" Hifdh classes for

boys- Evenings

" Al Huda Miftah al Quran (AMQ) (evenings weekdays) for boys and girls and now also on Sunday mornings " Read and write Qidah class for women (Sundays)]

Along with all preparations for different courses we also held frequent Staff training and IT training.

Taleem Al Quran - a complete Quran course, consisting of explanation of the Quran, learning to read the Arabic text of the Quran with its pronunciation rules, learning to recite selected prayers, selected subjects of rulings of the five pillars of Islam such as how to perform ablution, how to pray, rules on how to pay charity, how to perform Hajj and Umrah. Etc, Arabic Grammar as a subject.

Fahm Al Quran - a complete course consisting of brief explanation of the Quran, brief Tajweed (rules

8

Al Huda Welfare Foundation UK

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 31 July 2024

in pronunciation of the Quran), selected prayers. Saut al Quran - completion course, with explanation of the Quran, Tajweed, Arabic Grammar. Tajweed - Reciting with the correct pronunciation of the Arabic letters and words delivered in English.

Youth & Special Events

" How to Pray - Term Break workshop for girls regarding the importance of Salah" Clarifications on Purification - free session for sisters and teenage girls" Zakat (Giving Charity) workshop delivered in English and Urdu

" Ramadan Preparation 2 days' workshop delivered in English and Urdu on zoom" Ramadan Dawra-e-Quran (listening to the translation of the entire Quran) in English and Urdu on zoom. " Quran and Hadith Journaling - Ramadan special workshop" Welcome Ramadan Urdu/English short workshop

" Umrah and Hajj Training workshops delivered in English and Urdu on zoom" Special Awareness event conducted by Redbridge Police - how to keep safe for young girls/women" Stores of the Quran - urdu session

" 10 days of Duas - last 10 days of Ramadan special session

" Summer Courses for the Youth including art activities

" Bathing and Shrouding of the Deceased

" Virtues of the month of Muharram

" Special guest speaker Hisham Al Hadi - appreciating the beauty of Arabic language, unlocking the themes of the Quran " Special guest speaker Umarrah Javed al Hadi - prophetic virtues and habits

The above courses have enabled us to enrich the lives of adult women and young girls by inculcating in them the essence of morality and ethics of living within a society. The result of this is geared towards homogenisation of women within society, keeping in view of their rights within Islam and obligations both towards society and the creator. All educational books and resources are provided by Alhuda Welfare Foundation UK to all students.

Social Welfare Department

Al Huda Welfare Foundation UK, social welfare department plays an active part in serving the community as well as the organisation itself. This department is managed by a senior member of Staff alongside a number of volunteers and other members of staff. All members of the team work very closely with the local authority and other organisational bodies in order to provide beneficial activities and social events not only to the Muslim community, Al Huda students, but also the local community in general. The aim of this department has been to aid the organisation and local community with social, moral and educational facilities. It plays an important part to support the organisation's funding department by organising regular fundraising events. Aim:

The primary aims are to create good relationship and enhance the community spirit, not just amongst Muslims but also the wider community network.

9

Al Huda Welfare Foundation UK

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 31 July 2024

Objectives:

" To build relationship and strengthen the ties with neighbours and the local authorities." To support the organisation and raise funds

" To support local and leading charities with fund raising

" To bring the community together, by offering free events, services and distributing gifts on special occasions " To raise awareness of Islamic culture and teachings through depicting positive illustrations within the society " New Muslim Sisters

" Eid Charity Mela (bazaar)

Food Bank

We collaborated with a local charity to establish a food bank. Every month, a member of food bank collects food from our premises for the deprived members of the community, which had been donated through our students and friends. Our aim is to promote charity in a way to make society healthy and to provide support for those in need. This help builds a trust and relationship in the community. We also held our own Food Bank on our premises every Sundays giving out free tinned/boxed food donations which was much in demand due to the pandemic.

Other Facilities

We provide a Prayer Hall facility whereby Muslim men/women are able to offer their daily prayers together with Ramadan and Eid prayers. The prayer hall is available for prayer access 15 minutes before prayer time and closes 15 minutes after prayer time.

" Funds were raised for refurbishment of certain areas in the building" Funds were also raised for the basement area where we had a water leak

10

Al Huda Welfare Foundation UK

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 31 July 2024

Financial review

Al Huda Welfare Foundation UK, social welfare department plays an active part in serving the community as well as the organisation itself. This department is managed by a senior member of Staff alongside a number of volunteers and other members of staff. All members of the team work very closely with the local authority and other organisational bodies in order to provide beneficial activities and social events not only to the Muslim community, Al Huda students, but also the local community in general. The aim of this department has been to aid the organisation and local community with social, moral and educational facilities. It plays an important part to support the organisation's funding department by organising regular fundraising events. Aim:

The primary aims are to create good relationship and enhance the community spirit, not just amongst Muslims but also the wider community network.

The trustees' annual report and the strategic report were approved on 11 May 2025 and signed on behalf of the board of trustees by:

Mrs Sarodia Trustee

Mrs Chughtai Trustee

11

Al Huda Welfare Foundation UK

Company Limited by Guarantee

Report to the Board of Trustees on the Preparation of the Unaudited Statutory Financial Statements of Al Huda Welfare Foundation UK

Year ended 31 July 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Al Huda Welfare Foundation UK for the year ended 31 July 2024, which comprise the statement of financial activities (including income and expenditure account), statement of financial position and the related notes from the charity's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

TAX DIRECT LIMITED Chartered accountants

205 Ley Street Ilford Essex IG1 4BL 11 May 2025

12

Al Huda Welfare Foundation UK

Company Limited by Guarantee

Statement of Financial Activities (including income and expenditure account)

Year ended 31 July 2024

2024 2024 2023
Unrestricted
funds Total funds Total funds
Note £ £ £
Income and endowments
Donations and legacies 5 586,897 586,897 544,198
───────── ───────── ─────────
Total income 586,897 586,897 544,198
═════════ ═════════ ═════════
Expenditure
Expenditure on raising funds:
Costs of raising donations and legacies 6 606,225 606,225 519,026
───────── ───────── ─────────
Total expenditure 606,225 606,225 519,026
═════════ ═════════ ═════════
───────── ───────── ─────────
Net (expenditure)/income and net movement in funds (19,328) (19,328) 25,172
═════════ ═════════ ═════════
Reconciliation of funds
Total funds brought forward 800,969 800,969 775,797
───────── ───────── ─────────
Total funds carried forward 781,641 781,641 800,969
═════════ ═════════ ═════════

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The notes on pages 15 to 22 form part of these financial statements.

13

Al Huda Welfare Foundation UK

Company Limited by Guarantee

Statement of Financial Position

31 July 2024

2024 2023
Note £ £
Fixed assets
Tangible fixed assets 10 530,415 535,729
Current assets
Debtors 11 67,222 61,263
Cash at bank and in hand 203,969 207,577
───────── ─────────
271,191 268,840
Creditors: amounts falling due within one year 12 19,965 3,600
───────── ─────────
Net current assets 251,226 265,240
───────── ─────────
Total assets less current liabilities 781,641 800,969
───────── ─────────
Net assets 781,641 800,969
═════════ ═════════
Funds of the charity
Unrestricted funds 781,641 800,969
───────── ─────────
Total charity funds 14 781,641
═════════		 800,969
═════════

For the year ending 31 July 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

These financial statements were approved by the board of trustees and authorised for issue on 11 May 2025, and are signed on behalf of the board by:

Mrs Sarodia Trustee

Mrs Chughtai Trustee

The notes on pages 15 to 22 form part of these financial statements.

14

Al Huda Welfare Foundation UK

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 31 July 2024

1. General information

The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 205 Ley Street, Ilford, Essex, IG1 4BL.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

There are no material uncertainties about the charity's ability to continue.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. Its financial statements are consolidated into the financial statements of (enter name of group financial statements) which can be obtained from (enter detail). As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) No cash flow statement has been presented for the company.

(b) Disclosures in respect of financial instruments have not been presented.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

15

Al Huda Welfare Foundation UK

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 July 2024

3. Accounting policies (continued)

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.

Incoming resources

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:

16

Al Huda Welfare Foundation UK

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 July 2024

3. Accounting policies (continued)

Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold property - Straight line 20 over years
Fixtures and fittings - 20% reducing balance
Equipment - 20% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

17

Al Huda Welfare Foundation UK

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 July 2024

3. Accounting policies (continued)

Impairment of fixed assets (continued)

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.

Financial instruments

A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.

Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.

Debt instruments are subsequently measured at amortised cost.

Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.

Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

18

Al Huda Welfare Foundation UK

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 July 2024

3. Accounting policies (continued)

Financial instruments (continued)

Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.

4. Limited by guarantee

Enter your own text here to describe the nature of the guarantee of members including liability of members in case of winding up.

5. Donations and legacies

Unrestricted Total Funds Unrestricted Total Funds
Funds 2024 Funds 2023
£ £ £ £
Donations
Donations and Legacies 235,730 235,730 267,199 267,199
Legacies
Books income – – 11,676 11,676
Taleem-e-Deen 351,167 351,167 265,323 265,323
───────── ───────── ───────── ─────────
586,897 586,897 544,198 544,198
═════════ ═════════ ═════════ ═════════

6. Costs of raising donations and legacies

Unrestricted Total Funds Unrestricted Total Funds
Funds 2024 Funds 2023
£ £ £ £
Costs of raising donations and legacies
- Donations 142,300 142,300 105,316 105,316
Costs of raising donations 463,925 463,925 413,710 413,710
───────── ───────── ───────── ─────────
606,225 606,225 519,026 519,026
═════════ ═════════ ═════════ ═════════

19

Al Huda Welfare Foundation UK

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 July 2024

7. Net (expenditure)/income

Net (expenditure)/income is stated after charging/(crediting):

2024 2023
£ £
Depreciation of tangible fixed assets 66,437
════════		 68,038
════════

8. Staff costs

The total staff costs and employee benefits for the reporting period are analysed as The total staff costs and employee benefits for the reporting period are analysed as follows:
2024 2023
£ £
Wages and salaries 398,360 296,203
Employer contributions to pension plans 3,775 616
───────── ─────────
402,135 296,819
═════════ ═════════
The average head count of employees during the year was 70 (2023: 48). The average The average head count of employees during the year was 70 (2023: 48). The average number
of full-time equivalent employees during the year is analysed as follows:
2024 2023
No. No.
Teaching Staff 20 14
Teaching support 28 12
Admin Staff 12 12
Caretakers 7 7
Senior Staff 3 3
──── ────
70 48
════ ════

No employee received employee benefits of more than £60,000 during the year (2023: Nil).

9. Trustee remuneration and expenses

20

Al Huda Welfare Foundation UK

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 July 2024

10. Tangible fixed assets

Freehold Fixtures and
property fittings Equipment
Total
£ £ £ £
Cost
At 1 August 2023 830,214 216,859 8,373
1,055,446
Additions 59,025 – 2,098
61,123
──────────
───────── ───────── ──────── ──
At 31 July 2024 889,239 216,859 10,471
1,116,569
═════════ ═════════ ════════
════════════
Depreciation
At 1 August 2023 402,265 112,629 4,823
519,717
Charge for the year 44,462 20,846 1,129
66,437
──────────
───────── ───────── ──────── ──
At 31 July 2024 446,727 133,475 5,952
586,154
═════════ ═════════ ════════
════════════
Carrying amount
At 31 July 2024 442,512 83,384 4,519
530,415
═════════ ═════════ ════════
════════════
At 31 July 2023 427,949 104,230 3,550
535,729
═════════ ═════════ ════════
════════════
Debtors
2024 2023
£ £
Other debtors 67,222
61,263
════════
════════
Creditors: amounts falling due within one year
2024 2023
£ £
Accruals and deferred income 12,297
3,600
Social security and other taxes 7,668
–
──────── ───────
19,965
3,600
════════
═══════

11. Debtors

12. Creditors: amounts falling due within one year

13. Pensions and other post retirement benefits

Defined contribution plans

The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £3,775 (2023: £616).

21

Al Huda Welfare Foundation UK

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 July 2024

14. Analysis of charitable funds

Unrestricted funds

Unrestricted funds
At
1 August 202 At
3 Income Expenditure 31 July 2024
£ £ £ £
General funds 800,969 586,897 (606,225)
781,641
═════════ ═════════ ═════════ ═════════
At
1 August 202 At
2 Income Expenditure 31 July 2023
£ £ £ £
General funds 775,797 544,198 (519,026)
800,969
═════════ ═════════ ═════════ ═════════
15. Analysis of net assets between funds
Unrestricted Total Funds
Funds 2024
£ £
Tangible fixed assets 530,415 530,415
Current assets 271,191 271,191
Creditors less than 1 year (19,965)
(19,965)
───────── ─────────
Net assets 781,641 781,641
═════════ ═════════
Unrestricted Total Funds
Funds 2023
£ £
Tangible fixed assets 535,729 535,729
Current assets 267,040 267,040
Creditors less than 1 year (1,800)
(1,800)
───────── ─────────
Net assets 800,969 800,969
═════════ ═════════

22

Al Huda Welfare Foundation UK

Company Limited by Guarantee

Management Information

Year ended 31 July 2024

The following pages do not form part of the financial statements.

23

Al Huda Welfare Foundation UK

Company Limited by Guarantee

Detailed Statement of Financial Activities

Year ended 31 July 2024

2024 2023
£ £
Income and endowments
Donations and legacies
Donations and Legacies 235,730 267,199
Books income – 11,676
Taleem-e-Deen 351,167 265,323
───────── ─────────
586,897 544,198
───────── ─────────
───────── ─────────
Total income 586,897 544,198
═════════ ═════════
Expenditure
Costs of raising donations and legacies
Wages and salaries 398,360 296,203
Pension costs 3,775 616
Rent 11,404 12,046
Rates and water 7,180 6,698
Light and heat 9,253 6,895
Repairs and maintenance 9,907 49,843
Insurance 4,997 984
Other motor/travel costs – 995
Legal and professional fees 2,400 1,800
Telephone 1,424 1,183
Other office costs 80,995 66,681
Depreciation 66,437 68,037
DetailedSOFAExpenditureOnRaisingDonationsType1H 200 –
DetailedSOFAExpenditureOnRaisingDonationsType2H 6,238 4,199
DetailedSOFAExpenditureOnRaisingDonationsType3H 3,655 2,846
───────── ─────────
606,225 519,026
───────── ─────────
───────── ─────────
Total expenditure 606,225 519,026
═════════ ═════════
───────── ─────────
Net (expenditure)/income (19,328) 25,172
═════════ ═════════

24

Al Huda Welfare Foundation UK

Company Limited by Guarantee

Notes to the Detailed Statement of Financial Activities

Year ended 31 July 2024

2024 2023
£ £
Costs of raising donations and legacies
Costs of raising donations and legacies - Donations
Donations - pension costs 3,775 616
Donations - rates & water 530 –
Donations - light & heat 9,253 6,895
Donations - repairs & maintenance 9,907 17,658
Donations - insurance 4,997 984
Donations - other motor/travel costs – 995
Donations - Accountancy fee 2,400 1,800
Donations - telephone 1,424 1,183
Donations - other office costs 39,042 7,148
Donations - depreciation 66,437 68,037
Donations - Staff Casual Wages 200 –
Donations - other type 2 4,059 –
Donations - other type 3 276 –
───────── ─────────
142,300 105,316
───────── ─────────
Costs of raising donations
Taleem-e-Deen - wages and salaries 398,360 296,203
Taleem-e-Deen - rent 11,404 12,046
Taleem-e-Deen - rates & water 6,650 6,698
Legacies - repairs & maintenance – 32,185
Taleem-e-Deen - other office costs 41,953 59,533
Taleem-e-Deen - Printing Postage and Stationery 2,179 4,199
Taleem-e-Deen -Bank Charges 3,379 2,846
───────── ─────────
463,925 413,710
───────── ─────────
───────── ─────────
Costs of raising donations and legacies 606,225 519,026
═════════ ═════════

25