2023-03-31-accounts - Al-Hasanaat Foundation

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Trustees' Annual Report for the period Period start date Period end date 01 04 2022 31 03 2023

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Section A Reference and administration details

Charity name AL-HASANAAT FOUNDATION

Other names charity is known by Registered charity number (if any) 1142791

34 GLADSTONE AVENUE LONDON Postcode E12 6NS

Names of the charity trustees who manage the charity

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Dates acted if not for whole Name of person (or body) entitled
Trustee name Office (if any)
year to appoint trustee (if any)
1 Mrs Huma Ali
2 Mr Ali Anwar
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Names of the trustees for the charity, if any, (for example, any custodian trustees)

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Name Dates acted if not for whole year

Names and addresses of advisers (Optional information)

Type of adviser Name Address

Name of chief executive or names of senior staff members (Optional information)

Section B Structure, governance and management

Description of the charity’s trusts

Type of governing document

Declaration of Trust Dated 15/03/2011

(eg. trust deed, constitution)

Unincorporated Association How the charity is constituted

(eg. trust, association, company)

Trustees are appointed or reappointed annually at the Annual General Trustee selection methods Meeting Held in April (eg. appointed by, elected by)

Additional governance issues (Optional information)

You may choose to include additional information, where relevant, about:

policies and procedures adopted for the induction and training of trustees;
the charity’s organisational structure and any wider network with which the charity works;
relationship with any related parties;
trustees’ consideration of major risks and the system and procedures to manage them.

Section C Objectives and activities

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Summary of the objects of the charity set out in its governing document 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)	TO CARRY OUT PROJECTS TO RELIEVE POVERTY WHEREVER THERE IS A NEED. TO PROMOTE GOOD HEALTH AND ADVANCE EDUCATION IN THE AREA OF BIHAR INDIA TO PROVIDE RELIEF AND ASSISTANCE TO PEOPLE WHO ARE THE VICTIMS OF WAR OR NATURAL DISASTER, TROUBLE OR CATASTROPHE IN THE WORLD. TO PROMOTE HEALTH AND RELIGIOUS EDUCATION IN THIRD WORLD COUNTRIES ESPECIALLY AFRICA AND ASIA
	WITH KEEPING IN MIND THE CHARITY COMMISIION’S GUIDANCE ON PUBLIC BENEFIT ACTIVITES FOR THE YEAR WERE PLANNED AT OUR TRUSTEE MEETINGS. ACTIVITES WERE AS FOLLOWS: - WORK WITH OTHER LOCAL CHARITIES - TO REACH OUT PEOPLE ON LARGER PLATFORM BY MEANS OF ADVERTISING ON TELEVISON.

Additional details of objectives and activities (Optional information)

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You may choose to include further statements, where relevant, about:

policy on grantmaking;
policy programme related investment;
contribution made by volunteers.

Section D Achievements and performance

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Section D Achievements and performance CHARITY HAS DEVELOPED WEBSITE AND ALSO ADVERTISING ON Summary of the main TELEVISON HAS TRIED REACHING PUBLIC TO PROVIDE PEOPLE achievements of the charity IN NEED OF HELP ALL OVER WORLD. during the year HAS WORKED WITH OTHER CHARITES IN ASIA PROMOTING EDUCATION AND ALSO HELP WITH NORMAL DAY TO DAY LIFE NECESSITES.

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Section E Financial review

Brief statement of the charity’s policy on reserves

CASH AT BANK DATED 31/03/2023 WAS £469,157.70 IN UNRESTRICTED FUNDS.

Details of any funds materially in deficit

NOT APPLICABLE

Further financial review details (Optional information)

You may choose to include additional information, where relevant about:

the charity’s principal sources of funds (including any fundraising);
how expenditure has supported the key objectives of the charity;
investment policy and objectives including any ethical investment policy adopted.

Section F Other optional information

Section G Declaration

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) MRS H ALI

Full name(s) MRS HUMA ALI Position (eg Secretary, TREASURER Chair, etc)

Date 31/01/2024

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Registered number 1142791

AL-Hasanaat Foundation

Report and Accounts

31 March 2023

AL-Hasanaat Foundation Report and accounts Contents

	Page
Charity information	1
Accountants' report	3
Profit and loss account	4
Balance sheet	5
Statement of changes in equity	6
Notes to the accounts	7 to 10
Detailed profit and loss account	11

AL-Hasanaat Foundation Company Information

Trustees

Mr Ali Anwar Mrs Huma Ali Accountants Direct Accountancy Solutions Ltd 84 Katherine Road East Ham London E6 1EN

Registered office

34 Gladestone Avenue London E12 6NS

Registered number 1142791

AL-Hasanaat Foundation Accountants' Report

Accountants' report to the Trustees AL-Hasanaat Foundation

Responsibilities and basis of report:

I report to the trustees on my examination of the accounts for the year ended 31 March 2023. As the charity trustees of the Trust, you are responsible for the preparation o1 the accounts in accordance with the Charities Act 2011 ("the Act").

I report in respect of my examination of the Trust's accounts carried out under s145 of the Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under s145(5)(b) of the Act.

Independent examiner’s statement:

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:

Accounting records were not kept in accordance with section 130 of the Act; or
The accounts do not accord with the accounting records.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Direct Accountancy Solutions Ltd Accountants & Tax Consultants

84 Katherine Road East Ham London E6 1EN

31 January 2024

AL-Hasanaat Foundation

Profit and Loss Account for the year ended 31 March 2023

Donations Charity Payments/Relief Work Gross profit Administrative expenses Other operating income Operating profit Surplus	2023 £ 571,530 (266,637) 304,893 (179,842) - 125,051 125,051	2022 £ 739,188 (388,941) 350,247 (192,488) 3,010 160,769 160,769

AL-Hasanaat Foundation Registered number: Balance Sheet as at 31 March 2023 Notes Fixed assets Tangible assets 3 Current assets Cash at bank and in hand (Unrestricted) Net current assets Net assets Capital and reserves Profit and loss account Shareholders' funds	1142791 469,158	2023 £ 128,852 469,158 598,010 598,010 598,010	344,107	2022 £ 128,852 344,107 472,959 472,959 472,959

The trustees acknowledge their responsibilities for complying with the requirements of the Charities Act 2011("the Act") with respect to accounting records and the preparation of accounts.

The accounts have been prepared and delivered in accordance with the special provisions applicable to Charities subject to the Charities regime. The profit and loss account has not been delivered to the Registrar of Companies.

Mrs Huma Ali Trustee Approved by the board on 31 January 2024

AL-Hasanaat Foundation

Statement of Changes in Equity for the year ended 31 March 2023

At 1 April 2021 Profit for the financial year At 31 March 2022 At 1 April 2022 Profit for the financial year At 31 March 2023	Share capital £ - - - -	Share premium £ - - - -	Re- valuation reserve £ - - - -	Profit and loss account £ 312,190 160,769 472,959 472,959 125,051 598,010	Total £ 312,190 160,769 472,959 472,959 125,051 598,010

AL-Hasanaat Foundation Notes to the Accounts for the year ended 31 March 2023

1 Accounting policies

Basis of preparation

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Intangible fixed assets

Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

Tangible fixed assets

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, as follows:

Freehold buildings over 50 years Leasehold land and buildings over the lease term Plant and machinery 20% Reducing Balance Fixtures, fittings, tools and equipment 20% Reducing Balance

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

Debtors

AL-Hasanaat Foundation Notes to the Accounts for the year ended 31 March 2023

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Creditors

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Taxation

A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Provisions

Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Leased assets

AL-Hasanaat Foundation

Notes to the Accounts for the year ended 31 March 2023

A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

Pensions

Contributions to defined contribution plans are expensed in the period to which they relate.

2 Employees Average number of persons employed by the company 3 Tangible fixed assets Cost At 1 April 2022 At 31 March 2023 Depreciation At 31 March 2023 Net book value At 31 March 2023 At 31 March 2022	2023 Number 0	2022 Number 0 Land and buildings £ 128,852 128,852 - 128,852 128,852

4 Other information

AL-Hasanaat Foundation is a private company limited by shares and incorporated in England. Its registered office is:

34 Gladestone Avenue London E12 6NS

AL-Hasanaat Foundation

Detailed profit and loss account for the year ended 31 March 2023

This schedule does not form part of the statutory accounts

Donations Charity Payments/Relief Work Gross profit Administrative expenses Other operating income Operating profit Profit before tax	2023 £ 571,530 (266,637) 304,893 (179,842) - 125,051 125,051	2022 £ 739,188 (388,941) 350,247 (192,488) 3,010 160,769 160,769

AL-Hasanaat Foundation

Detailed profit and loss account for the year ended 31 March 2023

This schedule does not form part of the statutory accounts

Donations Zubaida Charity HMRC Gift Aid Chq Deposit Cash Deposit Bank Transfer Appeal Donations Donations Charity Payments/Relief Work Charity Payments/Relief Work Food Expenses Administrative expenses Employee costs: Wages and salaries Tax paid Temporary staff and recruitment Travel and subsistence Premises costs: Rent Rates Fixture & Furniture General administrative expenses: Stationery and printing Subscriptions Bank charges Merchant Charges Repairs and maintenance Loan Sundry expenses Legal and professional costs: Accountancy fees Consultancy fees/Website Development Advertising and PR Other legal and professional Other operating income CJRS	2023 £ 6,700 47,923 23,180 18,180 - 475,547 571,530 263,846 2,791 266,637 4,000 24 2,467 4,029 10,520 - - - - 330 35 1,320 5,630 - - 680 7,995 1,800 41,900 116,917 710 161,327 179,842 -	2022 £ 4,662 143,363 26,263 - 168,680 396,220 739,188 384,565 4,376 388,941 15,296 244 400 444 16,384 3,960 963 - 4,923 552 35 715 3,076 1,760 8,000 - 14,138 1,600 34,940 120,503 - 157,043 192,488 3,010

Independent examiner’s report on the accounts

Report to the trustees/ members of AL-HASANAAT FOUNDATION

On accounts for the year ended 31[st] March 2023

Responsibilities and basis of report: -

’ Independent examiner s statement: -

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:

accounting records were not kept in accordance with section 130 of the Act; or
the accounts do not accord with the accounting records.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Signed: Faisal Afzaal

Name: Mr Faisal Afzaal [Address: -][ Direct Accountancy Solutions Ltd ] 84 Katherine Road E6 1EN Relevant professional ACCA qualification(s) or body (if any) Date 31/01/2024

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