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
1
## AL HUDA EDUCATIONAL AND CULTURAL CENTRE
## Trustees Report
For the year ended 01 January 2024
## _Objective_
- 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
- 2) To advance the education of the public, in particular but not exclusively religious education in accordance with Islamic beliefs.
- 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.
2
## 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
3
## 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
4
## **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**|
|---|---|---|---|
5
## **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
6
## **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.
7
## **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|
|---|---|---|---|
8
## **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|
|---|---|---|---|
9
## **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|
|---|---|
10