2024-03-31-accounts - Al-Hasanaat Foundation

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Registered number 1142791

AL-Hasanaat Foundation

Report and Accounts

31 March 2024

AL-Hasanaat Foundation Report and accounts Contents

	Page
Charity information	1
Trustees' report	2 to 5
External examiner report	6
Accountants' report	7
Profit and loss account	8
Balance sheet	9
Statement of changes in equity	10
Notes to the accounts	11 to 14
Detailed profit and loss account	15 to 16

AL-Hasanaat Foundation Company Information

Trustees

Mr Ali Anwar Mrs Huma Ali Mr Muhammad Jahanzab

Accountants

Direct Accountancy Solutions Ltd 84 Katherine Road East Ham London England E6 1EN

Registered office

34 Gladestone Avenue East Ham London England E12 6NS

Registered number

1142791

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Trustees' Annual Report for the period
Period start date Period start date
From To
1 4 2023 31 3 2024
Section A Reference and administration details
Charity name AL-HASANAAT FOUNDATION
Other names charity is known
by
Registered charity number (if
1142791
any)
Address 34 Gladestone Avenue, East Ham, London
England
Post Code: E12 6NS
Names of the charity trustees who manage the charity
Dates acted if not for Name of person (or body)
Trustee name Office (if any)
whole year entitled to appoint trustee
1 Mrs Huma Ali
2 Mr Ali Anwar
3 [Mr Muhammad ]
Jahanzab
4
5
6
7
8
9
10
11
12
13
14
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Names of the trustees for the charity, if any, (for example, any custodian trustees)

Trustee 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

(eg. trust deed, constitution)
How the charity is constituted (eg. trust, association, company)

Declaration of Trust Dated 15/03/2011 Unincorporated Association

Trustee selection methods

(eg. appointed by, elected by)

Trustees are appointed or reappointed annually at the Annual General Meeting Held in April

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

Section C Objectives	and activities
Summary of the objects of the charity set out in
its governing document
	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

Summary of the main activities undertaken for	WITH KEEPING IN MIND THE CHARITY COMMISIION’S
the public benefit in relation to these objects	GUIDANCE ON PUBLIC BENEFIT ACTIVITES FOR THE YEAR
(include within this section the statutory	WERE PLANNED AT OUR TRUSTEE MEETINGS.
declaration that trustees have had regard to the	ACTIVITES WERE AS FOLLOWS:
guidance issued by the Charity Commission on	-WORK WITH OTHER LOCAL CHARITIES
public benefit)	-TO REACH OUT PEOPLE ON LARGER PLATFORM
	BY MEANS OF ADVERTISING ON TELEVISON.
Additional details of objectives and activities (Optional information)
Youmay chooseto include further statements,
where relevant, about:
· policy on grantmaking;
· policy programme related investment;
· contribution made by volunteers.

Section D Achievements and performance

Summary of the main achievements of the CHARITY HAS DEVELOPED WEBSITE AND ALSO ADVERTISING charity during the year ON TELEVISON HAS TRIED REACHING PUBLIC TO PROVIDE PEOPLE IN NEED OF HELP ALL OVER WORLD. HAS WORKED WITH OTHER CHARITES IN ASIA PROMOTING

Section E Financial review

Brief statement of the charity’s policy on CASH AT BANK DATED 31 March 2024 WAS £557069.2 reserves INUNRESTRICTEDFUNDS. 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 : TREASURER (eg Secretary, Chair, etc) : Date : 31 December 2024

Independent examiner’s report on the accounts

Report to the trustees/ members of

On accounts for the year ended

AL-HASANAAT FOUNDATION 31 March 2024

Responsibilities and basis of report: -

I report to the trustees on my examination of the accounts for the year ended 31 March 2024.

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.

Signed: Faisal Afzaal Name: Mr Faisal Afzaal Address: Direct Accountancy Solutions Ltd, 84 Katherine Road, E6 1EN

Relevant professional qualification (s) or body (if any): ACCA

Dated: 31 December 2024

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 accountsfor the year ended 31 March 2024. 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).

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 England E6 1EN

31 December 2024

AL-Hasanaat Foundation

Profit and Loss Account for the year ended 31 March 2024

Donations Charity Payments/Relief Work Gross Surplus Administrative expenses Operating Surplus Surplus	2024 £ 493,679 (223,410) 270,269 (185,421) 84,848 84,848	2023 £ 571,530 (266,637) 304,893 (179,842) 125,051 125,051

AL-Hasanaat Foundation Registered number: Balance Sheet as at 31 March 2024 Notes Fixed assets Tangible assets 3 Current assets Cash at bank and in hand (Unrestricted) Creditors: amounts falling due within one year 4 Net current assets Net assets Capital and reserves Profit and loss account Shareholders' funds	1142791 2024 £ 128,852 557,069 (3,063) 554,006 682,858 682,858 682,858	469,158 -	2023 £ 128,852 469,158 598,010 598,010 598,010

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 December 2024

AL-Hasanaat Foundation

Statement of Changes in Equity for the year ended 31 March 2024

At 1 April 2022 Surplus for the financial year At 31 March 2023 At 1 April 2023 Surplus for the financial year At 31 March 2024	Share capital £ - - - -	Share premium £ - - - -	Re- valuation reserve £ - - - -	Profit and loss account £ 472,959 125,051 598,010 598,010 84,848 682,858	Total £ 472,959 125,051 598,010 598,010 84,848 682,858

AL-Hasanaat Foundation Notes to the Accounts for the year ended 31 March 2024

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.

AL-Hasanaat Foundation Notes to the Accounts for the year ended 31 March 2024

Debtors

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.

AL-Hasanaat Foundation Notes to the Accounts for the year ended 31 March 2024

Leased assets

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 2023 At 31 March 2024 Depreciation At 31 March 2024 Net book value At 31 March 2024 At 31 March 2023 4 Creditors: amounts falling due within one year Accrued staff salaries Taxation and social security costs	2024 Number 2 2024 £ 2,058 1,005 3,063	2023 Number 0 Land and buildings £ 128,852 128,852 - 128,852 128,852 2023 £ - - -

AL-Hasanaat Foundation

Notes to the Accounts

for the year ended 31 March 2024

5 Other information

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

34 Gladestone Avenue

East Ham London England E12 6NS

AL-Hasanaat Foundation

Detailed profit and loss account for the year ended 31 March 2024

This schedule does not form part of the statutory accounts

Donations Charity Payments/Relief Work Gross Surplus Administrative expenses Operating Surplus Surplus	2024 £ 493,679 (223,410) 270,269 (185,421) 84,848 84,848	2023 £ 571,530 (266,637) 304,893 (179,842) 125,051 125,051

AL-Hasanaat Foundation

Detailed profit and loss account for the year ended 31 March 2024

This schedule does not form part of the statutory accounts

Donations Zubaida Charity HMRC Gift Aid Chq Deposit Cash Deposit 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 General administrative expenses: Postage Stationery and printing Subscriptions Bank charges Merchant Charges Sundry expenses Legal and professional costs: Accountancy fees Consultancy fees/Website Development Advertising and PR Other legal and professional	2024 £ 6,625 53,793 18,810 4,500 409,951 493,679 222,088 1,322 223,410 12,673 - - 5,857 18,530 6,600 6,600 19 - 235 1,160 4,272 1 5,687 1,900 41,400 111,304 - 154,604 185,421	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