**REGISTERED CHARITY NUMBER: 1149150**
## **Report of the Trustees and**
**Financial Statements for the Period Ended 31 December 2022**
## **for**
## **Al-Hidayah Foundation**
Page 1
**Al-Hidayah Foundation**
## **CONTENTS OF THE FINANCIAL STATEMENTS for the Period Ended 31 December 2022**
||Page|
|---|---|
|**Report of the Trustees**|3-4|
|**Statement of Financial Activities**|5|
|**Balance Sheet**|6|
|**Notes to the Financial Statements**|7 to 9|
|**Detailed Statement of Financial Activities**|10|
Page 2
## **Al-Hidayah Foundation**
## **Report of the Trustees for the Period Ended 31 December 2022**
## **Charity Objectives**
The objectives of Al-Hidayah Foundation are for the public benefit.
The principal aims of the charity and the objective to further the religion of Islam in accordance with the teachings of the Quran and the teachings of prophet Muhammad (Peace be upon him) and the Sahaba-E-Keram (R.A.A) according to the interpretation and accepted view of the Ahlus Sunnah Wal Jamaa-ah
## **Current Activities**
In pursuing our objectives during the financial year ending 31st December 2022, the organisation was engaged in running the following activities:
## **Evening Religious Education Classes**
Knowledge holds an important aspect in the religion ofIslam, Children from the age of 4 and above attend the evening Madrasah Monday to Friday learning the basic principles of Islam (Quran, Masnoon duas, Fiqh, Aqaid, Aadab, Tareekh)
## **Further Religious Education Classes**
This class was initiated for teenagers who have completed their primary madrasah education but wish to enhance their understanding of Islam enabling them to become a good muslim and member of the community.
## **Website**
The objective of the website is to help the community stay connected with our activities. Visitors can subscribe to the mailing list to receive updates and educational bulletins
## **Publications**
The charity publishes and distributes informative and inspirational literature in the english language through the means of Bi-monthly magazines Leaflets
These cover topics which are relevant to the audience primarily the community, pupils and parents of the madrasah.
Page 3
## **Al-Hidayah Foundation**
## **Report of the Trustees for the Period Ended 31 December 2022**
## **Structure, Governance and Management**
## **Governing document**
Al Hidayah Foundation is registered with the Charity Commision (Registration Number 1149150) and constituted by the deed of trust.
## **Organisational Structure**
The charities trustees are responsible for the general control and management of the charity. The Trustees give their time freely and receive no remuneration or benefits. The trustees meet together and are responsible for all decisions taken in relation to running the charity. invest in thorough due diligence, staff and appropriate policies and procedures.
## **Reference and Administrative details Registered Charity Number**
1149150
## **Principal Address**
130-140 Walstead Road Walsall WS5 4LY
## **Trustees**
Mr Yunus Loonat Mr Ismail Bhayat Mr Ahmed Kalang
Accounts prepared by Ashraf Ravat
Audited by Ali Muhammad
Page 4
**Al-Hidayah Foundation**
## **PROFIT AND LOSS ACCOUNT for the Period Ended 31 December 2022**
|||31.12.2022|31.12.2021|
|---|---|---|---|
|||Unrestricted|Unrestricted|
||Notes|Fund|Fund|
|**INCOMING RESOURCES**||£|£|
|**Incoming resources from generated funds**||||
|Voluntary income||94,010|131,329|
|**RESOURCES EXPENDED**||||
|**Charitable activities**||||
|Default||76,255|76,764|
|**NET INCOMING/(OUTGOING)**||||
|**RESOURCES**||17,755|54,565|
|**RECONCILIATION OF FUNDS**||271,207|216,642|
|**TOTAL FUNDS CARRIED FORWARD**||288,962|271,207|
Page 6
## **Al-Hidayah Foundation**
## **BALANCE SHEET for the Period Ended 31 December 2022**
|||31.12.2022|31.12.2021|
|---|---|---|---|
|||Unrestricted|Unrestricted|
|||Fund|Fund|
|**FIXED ASSETS**|Notes|£|£|
|Tangible assets|2|281,346|281,482|
|**CURRENT ASSETS**||||
|Cash at bank and in hand||66,940|54,841|
|Cash in Transit||2,642|11,359|
|Debtors||6,801|2,404|
|||357,729|350,086|
|**CREDITORS**||||
|Amounts falling due within one year|4|(6,267)|(5,379)|
|**CREDITORS**||||
|Amounts falling due more than one year|5|(62,500)|(73,500)|
|**NET CURRENT ASSETS/ (LIABILITIES)**||288,962|271,207|
|**FUNDS**||||
|Unrestricted funds|7|288,962|271,207|
|**TOTAL FUNDS**||**288,962**|**271,207**|
Page 7
**Al-Hidayah Foundation**
## **NOTES TO THE FINANCIAL STATEMENTS for the Period Ended 31 December 2022**
## **1 ACCOUNTING POLICIES**
## **Accounting convention**
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
## **Incoming resources**
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
## **Resources expended**
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings
- 20% on cost
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Page 8
**Al-Hidayah Foundation**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Period Ended 31 December 2022**
|**2 TANGIBLE FIXED ASSETS**
**Cost b/f**
Additions
At 31 Dec 2022
**Depreciation**
Depreciation b/f
Charge for the Year
**NET BOOK VALUE**
31/12/2022
31/12/2021
**3 STAFF COSTS**
Wages and salaries|**Land &**
**Building**
280,858
-
280,858
0
0
0
280,858
280,858|**Fixtures &**
**Fittings**
1,408
-
1,408
784
136
920
488
624
2022
£
11
11|**Total**
282,266
-|
|---|---|---|---|
||||282,266|
||||784
136|
||||920|
|||||
||||281,346|
||||281,482|
||||2021
£
13|
||||13|
The average monthly number of employees during the year was as follows: 10 No employees received emoluments in excess of £60,000.
## **Trustees Remuneration and Benefits**
There were no trustees' remuneration or benfits to declare for the year ended 31 December 2022 nor in 31 December 2021
## **Trustees' Expenses**
There were no trustees' expenses to declare for the year ended 31 December 2022 nor for the year ended 31 December 2021
## **Related Party Transactions**
There were no related party transactions for the year ended 31 December 2022
|**4 CREDITORS: AMOUNTS DUE WITHIN ONE YEAR**
Trade Creditors
Taxation and Social Security
Other Creditors|2022
£
0
415
5852
6,267|2021
£
600
263
4516|
|---|---|---|
|||5,379|
Page 9
**Al-Hidayah Foundation**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Period Ended 31 December 2022**
|**5 CREDITORS: AMOUNTS DUE MORE THAN ONE YEAR**
Interest Free Loans - Karze Hasana
**6 MOVEMENT IN FUNDS**
**Unrestricted funds**
General fund
**TOTAL FUNDS**
**MOVEMENT IN FUNDS CURRENT YEAR**
At 1.1.22
£
**Unrestricted funds**
General fund
271,207
**TOTAL FUNDS**
271,207
Net movement in funds, included in the above are as follows:
Incoming
resources
**Unrestricted funds**
General fund
94,010
94,010|2022
£
62,500
62,500
Net movement
in funds
2022
£
288,962
288,962
Net
movement
in funds
£
17,755
17,755
Resources
expended
(76,255)
(76,255)|2021
£
73,500|
|---|---|---|
|||73,500|
|||Net movement
in funds
2021
£
271,207|
|||271,207|
|||At 31.12.22
£
288,962|
|||288,962|
|||Movement
in funds
17,755|
|||17,755|
Page 10
**Al-Hidayah Foundation**
## **PROFIT AND LOSS ACCOUNT for the Period Ended 31 December 2022**
|**INCOMING RESOURCES**
**Voluntary income**
Donations
Donations- Fundraising
Donations- Rental Income
Donations- Tuition
Gift Aid
**Total incoming resources**
**RESOURCES EXPENDED**
**Charitable activities**
Repairs
Fundraising Expenditure
Rates
Cleaning
Light and Heat
Insurance
Stationery & Printing
Wages
Prizes
Accountancy Fees
Sub-Contracting Costs
I.T Costs
Depreciation
**Total resources expended**
**Net (expenditure)/income**|2022
£
18,817
9,072
5,440
60,682
94,010
651
5,974
1,796
166
773
1,107
739
63702
223
870
87
29
137
76,255
76,255
17,755|2021
£
53,936
9,723
7,060
58,085
2,524|
|---|---|---|
|||131,329|
|||765
7,404
1,930
8
1,236
937
84
62,689
340
1,215
0
0
156|
|||76,764|
|||76,764|
|||54,565|
Page 11