AL HUDA EDUCATIONAL AND CULTURAL CENTRE
Accounts & Reports
For the year ended 01 January 2024
AL HUDA EDUCATIONAL AND CULTURAL CENTRE
Contents
For the year ended 01 January 2024
| Page | |
|---|---|
| Legal and administrative information | 1 |
| Trustees’ report | 2-3 |
| Independent examiner’s report | 4 |
| Statement of financial activities | 5 |
| Balance sheet | 6 |
| Notes to the accounts | 7-10 |
AL HUDA EDUCATIONAL AND CULTURAL CENTRE
Legal Information For the year ended 01 January 2024 Status: The organisation is a charity registered with the Charities Commission in England & Wales. Charity Number: 1142008 Registered Office &Headquarter Business Address: 198B Leagrave Road Luton, LU3 1JD Trustees: Ahmednor Abdullahi Ismail Said Jama Faysal Mohamoud Aden Bankers: HSBC Bank 63 George Street, Luton, Bedfordshire, LU1 2AR Accountants: Issa Associates Chartered Certified Accountants 40A Maygrove Road London NW6 2EB
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AL HUDA EDUCATIONAL AND CULTURAL CENTRE
Trustees Report
For the year ended 01 January 2024
Objective
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1) To advance the Muslim faith in such ways and in such parts of the United Kingdom or the world as the trustees from time to time may think fit
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2) To advance the education of the public, in particular but not exclusively religious education in accordance with Islamic beliefs.
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3) Such charitable purposes for the public benefit as are exclusively charitable according to the laws of England and Wales as the trustees may from time to time determine.
Legal structure
Al Huda Educational and Cultural Centre is a registered charity with the Charities Commission in England & Wales.
Financial statements
The trustees submit their trustees’ report and financial statements for the year ended For the year ended 01 January 2024.
Policies:
Reserve policy:
The charity currently operates with minimal reserves. The trustees are endeavouring to build up its donor base with a view to having reserves equal to 6 months operating expenditure.
Risk(s) review:
The trustees have recently reviewed the major risks faced by the charity. This has resulted in efforts to increase charity’s donor base.
Trustees Responsibilities
The trustees are responsible for keeping proper accounting records which disclose at any time the financial position of the charity and enable them to ensure that the financial statements comply with the relevant regulations.
The trustees oversee preparation of financial statements, select suitable accounting policies and make judgments and estimates that are reasonable and prudent to give the true state of affairs of the charity.
Trustees are also responsible for safeguarding the assets of the charity. They are elected and replaced as set out in the constitution.
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AL HUDA EDUCATIONAL AND CULTURAL CENTRE
Trustees Report (Continued)
For the year ended 01 January 2024
Activities and Achievements
The charity is managed by 3 elected trustee members and is staffed by 3 volunteers.
The core of the charity’s work continues to focus on education, mentoring, youth volunteering and crime reduction awareness events, family mediation and advice and guidance for the community.
Funding
The charity would like to thank all those who generously supported our activities. It is through their support that the charity has largely been able to implement our projects for the benefit of our community.
This report was approved by the board and signed on its behalf by:
Ahmednor Abdullahi Chair
Date: 15[th] October 2024
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AL HUDA EDUCATIONAL AND CULTURAL CENTRE
Independent Examiners Report
For the year ended 01 January 2024
I have examined the accounts on pages 5 to 6, which have been prepared on the basis of receipt and payment basis.
Respective responsibilities of trustees and examiner
The trustees of the charity are responsible for the preparation of accounts; we consider that the audit requirement under section 43(2) of the Charities Act 1993 does not apply. It is my responsibility to examine the accounts, without performing an audit, and to report to trustees.
Basis of independent examiner’s report
This report is in respect of an examination carried out under section 43 of the Charities Act 1993 and in accordance with the directions given by the charity commissioners under section 43(7)(b). An examination includes a review of the accounting records kept by the charity trustees and a comparison of the accounts presented with those records. It also includes a review of the accounts and making such enquiries as are necessary for the purpose of this report. The procedures undertaken do not constitute an audit.
Independent examiner’s statement
Based on my examination, no matter has come to attention which gives me reasonable cause to believe that in any material respect accounting records for the year ended 01 January 2024 have not been in accordance with section 41 of the Charities Act 1993, or that the accounts presented do not accord with those records or comply with the accounting requirements of the Charities Act 1993. No matter has come to my attention in connection with my examination to which, in my opinion, attention should be drawn to enable a proper understating of the accounts to be reached.
Issa Associates Chartered Certified Accountants 40A Maygrove Road London NW6 2EB
Date: 15[th] October 2024
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AL HUDA EDUCATIONAL AND CULTURAL CENTRE
Statement of Financial Activities
For the year ending 01 January 2024
| Notes Incoming resources From charitable activities 2 Investment income 2 Total incoming resources Resources expended Charitable activities 3 Governance costs 4 Total Resources Expended Net resources for the year Fund balances at 01 January 2023 Fund balances at 01 January 2024 |
Unrestricted funds £ - - - - - - - - - |
Restricted funds £ 41,945 - 41,945 32,686 200 32,886 9,059 59,900 68,959 |
2024 2023 Total Total £ £ 41,945 39,194 - - 41,945 39,194 32,686 32,355 200 200 32,886 32,555 9,059 6,638 59,900 53,262 68,959 59,900 |
|---|---|---|---|
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AL HUDA EDUCATIONAL AND CULTURAL CENTRE
Balance Sheet
For the year ending 01 January 2024
| Notes Fixed assets Tangible assets 5 Current Assets: Debtors 6 Cash at bank and in hand Creditors:amounts falling due within one year 7 Net Current Assets Total Assets less current liabilities Funds of the charity: Restricted funds as at 1 January 2023 Restricted funds for the year |
2023 £ £ £ £ - - - - 69,159 60,100 69,159 60,100 (200) (200) 68,959 59,900 68,959 59,900 59,900 53,262 9,059 6,638 68,959 59,900 2024 |
|---|---|
The statement of financial activities as set out on page 5 for the financial year ending 01 January 2024, and the statement of assets and liabilities as set out on this page are as approved by the trustees on 15 October 2024.
Chair Ahmednor Abdullahi
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AL HUDA EDUCATIONAL AND CULTURAL CENTRE
Notes to the Accounts
For the year ending 01 January 2024
1 Accounting Policies
- 1.1 Basis of accounting
The financial statements have been prepared under the historical cost convention, and have been prepared in accordance with the Statement of Recommended Practice, Accounting and Reporting by Charities (Revised SORP 2005) and the Financial Reporting Standards for Smaller Entities.
- 1.2 Incoming Resources
Grants and donations are recognised on accruals basis.
Incoming resources are reported gross.
- 1.3 Resources Expended
Resources expended are included in the Statement of Financial Activities on accruals basis, inclusive of any VAT that cannot be recovered.
Expenditure that is directly attributable to specific activities has been included in these cost categories. Where costs are attributable to more than one activity, they have been apportioned across the cost categories on a basis consistent with the use of those resources.
1.4 Depreciation
Tangible fixed assets are stated at cost less depreciation.
Provision for depreciation of tangible fixed assets held by the charity is made at an annual rate of 25% on a straight line basis.
- 1.5 Status
The charity is registered with the Charities Commission in England & Wales.
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AL HUDA EDUCATIONAL AND CULTURAL CENTRE
Notes to the Accounts
For the year ending 01 January 20224
2. Grants and Donations
| Donations from members & community 2. Investment Income Interest receivable Total Incoming Resources |
Unrestricted Funds £ - Unrestricted Funds £ - - |
Restricted Funds £ 41,945 41,945 Restricted Funds £ - 41,945 |
2024 Total 2023 Total £ £ 41,945 39,194 41,945 39,194 2024 Total 2023 Total £ £ - - 41,945 39,194 |
|---|---|---|---|
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AL HUDA EDUCATIONAL AND CULTURAL CENTRE
Notes to the Accounts
For the year ending 01 January 2024
3a. Direct Charitable Expenditure
| Wages and salaries 3b. Support Costs Administration costs Total Charitable Activities 4. Governance Total Resources Expended Premises expenses Legal and Professional Telephone, fax, Internet Depreciation |
Unrestricted Funds £ - - - - Unrestricted Funds £ - - - - Unrestricted Funds £ - - - |
Restricted Funds £ 20,834 11,160 403 32,397 Restricted Funds £ 289 - 289 32,686 Restricted Funds £ 200 200 32,886 |
2024 Total 2023 Total £ £ 20,834 18,465 11,160 13,085 403 403 32,397 31,953 2024 Total 2023 Total £ £ 289 402 - - 289 402 32,686 32,355 2024 Total 2023 Total £ £ 200 200 200 200 32,886 32,555 |
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AL HUDA EDUCATIONAL AND CULTURAL CENTRE
Notes to the Accounts
For the year ending 01 January 2024
| 5 Tangible Fixed Assets Other debtors Accruals 7. Creditors – Amounts falling due within one year 6. Debtors Net Book Value At 01 January 2024 At 01 January 2024 At 02 January 2023 Charged in the Year At 02 January 2023 Depreciation At 02 January 2023 At 01 January 2024 Additions Cost |
Office Equipment Total £ £ - - - - - - - - - - - - - - - - 2024 2023 £ £ - - - - 2024 2023 £ £ 200 200 200 200 |
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