COMPANY NUMBER: 08076609 (England and Wales) REGISTERED CHARITY NUMBER: 1158726
REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[st] MAY 2024 FOR AL – FATH TRUST
MG GROUP (PROFESSIONAL SERVICES) LIMITED CHARTERED ACCOUNTANTS
166 COLLEGE ROAD HARROW MIDDLESEX HA1 1BH
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AL-FATH TRUST
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[st] MAY 2024
| Report of the Trustees Report of the Independent Examiners Statement of Financial Activities Balance Sheet Notes to the Financial Statements |
Page 3 - 6 7 8 9 - 10 11-16 |
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AL-FATH TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31st MAY 2024
The trustees who are also Directors of the Charity for the purposes of the Companies Act 2006, present their report with the Financial Statements of the Charity for the year ended 31[st] May 2024. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective January 2019).
OBJECTIVES AND ACTIVITIES
Objectives
The Charity was established to provide services for the benefit of all without discrimination on the basis of sex, political or other opinion in a common effort to advance the Islamic religion by promoting its true image through safe and tolerant practice, find a place of worship or community centre for the local Muslim community, relieve poverty, advance education, and provide training for individuals with identified needs.
Significant Activities
The significant activities of the Charity are:
The relief of poverty by:
- Bettering the wellbeing of the public by addressing key issues such as the prevention or relief of poverty, whereby the Charity will provide a wide range of services, support and activities that aims to improve and relieve the hardship of the public.
The advancement of education by:
- Providing educational support for people who cannot afford to enrol at college to learn Arabic, CV writing, assistance with writing letters, advocacy and assistance with filling forms such as immigration, divorce and benefit appeals whereby they can be charged to access such type of services.
The promotion of community participation in healthy recreation by:
- Establishing a consistent activity provision for youth by organising sport activities sessions, encouraging healthy eating and raising awareness about crime prevention and anti-social behaviour by directing them into meaningful activities and community work.
The advancement of the Islamic religion by:
- Actively aiming at provision of a place of worship, trying to raise awareness and understanding of religious beliefs and practices.
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AL-FATH TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31st MAY 2024
The promotion of health and healthy living by:
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Encouraging people to eat healthily and engage in sport activities
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Advising people to have regular health checks
ACHIEVEMENTS AND PERFORMANCE
Members gave generously towards our appeals for funds for our foodbank, and Ramadan Iftar, as well as other community projects.
Members also continued to give funds to support funeral costs and this amounted to £151,092 (2023-£142,916) in the year. Families suffering bereavement found this greatly helpful, in particular when the repatriation of the deceased was desired.
FINANCIAL REVIEW
Financial position and future plans
The Trustees are pleased to report an overall surplus for the year including restricted funds of £159,084 (2023 - £199,568). A building was acquired in the year, intended for use as a mosque. s The balance sheet net assets increased to £1,266,302 (2023 - £1,107,218).
Reserves
The Trustees’ policy is to utilise any reserves for the future needs. Total funds of £1,266,303 comprised unrestricted funds of £1,248,531 and restricted funds of £17,771.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing Document
Al-Fath Trust was incorporated on the 21[st] May 2012 as a company limited by guarantee. Its Articles of Association were amended on the 23[rd] July 2013 and it was registered as a Charity on the 30[th] September 2014. Inadvertently the company was dissolved on the 17[th] November 2015 and it has since been reinstated by Companies House.
Trustee Selection Method
The basis of selecting new trustees is by way of identifying people who regularly attend events and functions organised by the Trust and show an interest in and volunteer to help out during these activities. These people are then invited to attend trustees’ meetings as observers.
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REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31st MAY 2024
They are then given more details of the Trust’s aims and objectives. Upon satisfaction that these are in line with their ideology of Charity work and after due consideration of the person’s eligibility, personal competence, specialist knowledge and skills they are proposed as new trustees by the existing ones at the subsequent meeting where they are appointed by the current trustees.
Decision making
All decision by the trustees must be according to the teaching of the last Holy book Al-Qu’ran and Sunnah of the last Prophet, Muhammad (peace be upon him), in accordance with UK law and based on majority decision after proper assessment of the subject matter at Trustee’s meetings. The trustees are legally responsible for the overall management and control of the charity and meet on a regular basis at least once a month.
Risk review
The trustees have conducted a review of the major risks, which the Charity is exposed to and systems have been established to mitigate those risks. Significant external risks to funding have been reduced by the development of a strategic plan, which will allow for development only when the funds are in hand or have been guaranteed. Internal risks are minimised by the implementation of procedure for authorisation of all transactions and projects and to ensure consistent quality of delivery for all operational aspects. These procedures are periodically reviewed to ensure that they still meet the needs of the charity.
Through the risk management processes established for the Trust, the trustees are satisfied that the major risks identified have been adequately mitigated where necessary or are in the process of being mitigated. It is recognised that systems can only provide reasonable but not absolute assurance that major risks have been adequately identified and addressed.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
008076609
Registered Charity number
1158726
Registered office
32 Central Parade Hoe Street London E17 4RT
Trustees
The Trustees serving during the year were as follows:
Mr Yacine Chiheb
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AL-FATH TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31[st] MAY 2024
STATEMENT OF TRUSTEES RESPONSIBILITIES
The trustees are responsible for preparing the Report of the trustees and the Financial Statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Principles).
The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the company’s Articles of Association require the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure of the Charity for that period. In preparing those financial statements the trustees are required to:
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a) select suitable accounting policies and apply them consistently;
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b) observe the methods and principles in the Charity SORP;
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c) make judgements and estimates that are reasonable and prudent;
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d) prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in operation.
The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Company Articles. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The company has taken advantage of the small companies’ exemptions in preparing the report above.
23/05/2025
Approved by order of the board of Trustees on …………………. and signed on its behalf by:
………………………………. Trustee on behalf of the Board “
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AL-FATH TRUST
FOR THE YEAR ENDED 31st MAY 2024
Independent Examiner’s Report to the Trustees of Al-Fath Trust
I report to the charity trustees on my examination of the accounts of the company for the year ended 31[st] May 2024 which are set out on pages 8 to 16.
Responsibilities and basis of report
As the Charity’s trustees of the company (and also its Directors for the purposes of company law) you are responsible for the preparation of the Accounts with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your Charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent Examiner’s Report
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those accounting records; or
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the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Havin Furnandee
…………………………………… Gavin Fernandes FCA
MG Group (Professional Services) Limited Chartered Accountants 166 College Road, Harrow, Middlesex HA1 1BH
Date: 23/05/2025
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AL-FATH TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31st MAY 2024
| Income and Endowments from: Charitable Activities Masjid Funds/Community Centre Other Income Iftar Funds Community Algeria SOS Madrasah Zakat Funds Humanitarian Relief Funeral Funds Total Expenditure on Charitable activities Funeral costs Charitable Donations Other costs Total Net Income/(Expenditure) Net movement in funds Reconciliation of Funds Total funds brought forward Movement during the year Total Funds Carried Forward |
Notes Unrestricted Funds £ 129,994 - 3,204 - 458 151,092 284,748 84,638 - 2,3 53,161 137,799 146,949 146,949 1,101,582 146,949 1,248,531 |
Restricted Funds 31.05.2024 Total Funds £ £ 129,994 - 3,204 - - - - 458 10,164 10,164 30,096 30,096 ______ 151,092 40,260 325,008 - 84,638 28,125 28,125 - 53,162 28,125 165,924 12,135 159,084 12,135 159,084 5,636 1,107,218 12,135 159,084 17,771 1,266,302 |
Year Ended 31.05.23 Total Funds (Restated) £ 147,764 - 4,170 - - 7,463 10,006 12,165 142,916 324,484 73,719 7,400 43,798 124,917 199,568 199,568 907,650 199,568 1,107,218 |
Year Ended 31.05.23 Total Funds (Restated) £ 147,764 - 4,170 - - 7,463 10,006 12,165 142,916 324,484 73,719 7,400 43,798 124,917 199,568 199,568 907,650 199,568 1,107,218 |
|---|---|---|---|---|
Continuing Operations
All income and expenditure has arisen from continuing activities.
The notes form part of these Financial Statements
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AL-FATH TRUST
BALANCE SHEET
AS AT 31st MAY 2024
| Fixed Assets Tangible assets Current Assets Debtors Bank Account- restricted humanitarian Other Cash at Bank and in hand Current Liabilities Net Current Assets Total Assets less current liabilities Net Assets Funds Unrestricted funds: General fund Restricted Funds Humanitarian Relief Funds Total Funds |
Notes 31.05.24 31.05.23 (Restated) £ £ 6 1,055,610 5,714 7 869 1,243 11 17,771 5,636 11 193,252 1,097,025 8 211,892 1,200 1,103,904 2,400 210,692 1,101,504 1,266,302 1,107,218 1,266,302 1,107,218 1,248,531 1,101,582 11 17,771 5,636 9,10 1,266,302 1,107,218 |
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AL-FATH TRUST
BALANCE SHEET - CONTINUED
AS AT 31st MAY 2024
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies for the year ended 31[st] May 2024.
The members have not deposited notice, pursuant to Section 476 of the Companies Act 2006 requiring an audit of these financial statements.
The Trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Section 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the special provisions of the Companies Act 2006 relating to small companies and in accordance with the FRS 102 SORP.
23/05/2025 The financial statements were approved by the Board of Trustees on …………………..and were signed on its behalf by:
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......................................................
Mr Y Chiheb
:
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Company Number: 08076609
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AL-FATH TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st MAY 2024
1. ACCOUNTING POLICIES
Basis of Preparing the Financial Statements
The financial statements of the Charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)’. The financial statements have been prepared under the historical cost convention.
The Trustees have assessed whether the use of the going concern basis is appropriate, and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The Trustees have made this assessment for a period of at least one year from the date of the approval of these financial statements, and have concluded that there is a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. The charity therefore adopts the going concern basis in preparing its financial statements.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. 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
Tangible fixed assets for use by the Charity are stated at cost less depreciation.
Depreciation is provided at rates calculated to write off the cost of fixed assets, over their expected useful lives on the following basis:
Computer equipment 20% straight line Office equipment 20% straight line Motor & Vehicles 20% Reducing Balance
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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st MAY 2024
Taxation
The Charity is exempt from corporation 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 explanations of the nature and purpose of each fund is included in the notes to the Financial Statements.
Legal status
The Charity is incorporated as a company limited by guarantee and is registered with the Charity Commission. The members of the company have undertaken to contribute to their guarantee of £1 each towards the liabilities of the company in the event that it is wound up whilst they are, or within one year of being members.
2 . Charitable Activities – Other costs from unrestricted funds
- Ramadan costs - Lighting and Heating - Professional & Legal - Bank fees - General Expenses - Printing & stationery - Repairs & maintenance - Cleaning - Advertising - Travel and subsistence - Software - Website costs - Office rent |
2024 2023 (Restated) £ £ - - 9,874 2,296 3,526 1,344 1,740 1,829 3,364 5,653 - 30 800 1,243 963 647 - 31 50 6 3 - - 349 18,000 18,000 38,320 31,442 |
|---|---|
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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st MAY 2024
Charitable Activities – Other costs from unrestricted funds
| Additional Funeral Costs Office rent Storage costs Motor expense Telephone expenses Insurance Depreciation - vehicle |
2024 2023 (Restated) £ £ - - 7,773 4,816 4,455 4,747 895 575 426 938 1,143 1,428 14,841 12,356 |
|---|---|
3. Net Income (Expenditure)
Net income (expenditure) is stated after charging:
| 2024 | 2023 | |
|---|---|---|
| Depreciation – owned assets | 1,143 | 1,428 |
4. Trustees’ Remuneration and Benefits
There were no trustees’ expenses, remuneration or benefits paid for the year ended 31[st] May 2024, nor for the year ended 31[st] May 2023.
5. Comparatives For The Statement Of Financial Activities (Restated):
| Income and Endowments from | Unrestricted | Restricted | Total |
|---|---|---|---|
| funds | funds | funds | |
| £ | £ | ||
| Charitable activities | |||
| Masjid funds | 147,764 | - | 147,764 |
| Funeral | 142,916 | - | 142,916 |
| Iftar Funds | 4,170 | - | 4,170 |
| Community Care | - | - | - |
| Zakat Funds | - | 10,006 | 10,006 |
| Madrasah | 7,463 | - | 7,463 |
| Humanitarian Relief | - | 12,165 | 12,165 |
| Total | 302,313 | 22,171 | 324,484 |
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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st MAY 2024
| 6. Tangible Fixed Assets Land & Building Motor Vehicles Cost £ At 1stJune 2023 15,500 Additions 1,051,039 - At 31st May 20241,051,039 15,500 Depreciation At 1stJune 2023 - 9,786 Charge for the year - 1,143 At 31st May 2024 10,929 Net Book Value At 31st May 20241,051,039 4,571 At 31stMay 2023- 5,714 7. Debtors Prepayments Other debtors Expenditure on Charitable activities Funeral costs Charitable donations Other costs Total Net Income/(Expenditure) Reconciliation of Funds Total Funds brought forward Movement during the year Transfers TOTAL FUNDS CARRIED FORWARD |
Computer Equipment Office Equipment Totals £ £ £ 1,064 3,828 20,392 - - 1,051,039 1,064 3,828 1,071,431 1,064 3,828 14,678 - _- 1,143 1,064 3,828 15,821 - - 1,055,610 - - 5,714 2024 2023 (Restated) £ £ 869 1,243 - _- 869 1,243 Unrestricted funds Restricted funds Total funds £ £ 73,719 - 73,719 - 7,400 7,400 43,798 - 43,798 117,517 7,400 124,917 184,796 14,771 199,568 679,829 184,796 227,821 14,771 907,650 236,956 (236,956) 1,101,582 5,636 1,107,218 |
|---|---|
£ |
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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st MAY 2024
8. Creditors
Accruals Other creditors |
2024 2023 (Restated) £ £ 1,200 2,400 - - 1,200 2,400 |
|---|---|
9. Movement In Funds
| At 01.06.2023 Net Movement in Funds Transfers Unrestricted Funds £ £ General funds 1,101,582 146,949 - Restricted funds Humanitarian Relief 5,636 12,135 - TOTAL FUNDS 1,107,218 159,085 - Net movement in funds, included in the above are as follows: Incoming Resources Resources Expended £ £ Unrestricted funds General fund 284,748 137,799 Restricted funds Humanitarian funds 40,260 28,125, Total Funds 325,009 165,924 |
At 31.05.2024 £ 1,248,531 17,771 1,266,302 Movement in funds £ 146,949 12,135 159,085 |
|---|---|
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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st MAY 2024
10. Comparatives For Movements In Funds (Restated)
| At 01.06.2022 Net Movement in Funds Unrestricted Funds £ £ General fund 679,828 184,796 Restricted funds Humanitarian Relief (4,242) 14,771 Funeral funds 232,063 TOTAL FUNDS907,650199,568 Net movement in funds, included in the above are as follows: Incoming Resources £ Unrestricted funds General fund 302,313 Restricted funds Humanitarian funds 22,171 TOTAL FUNDS 324,485 |
Transfers 236,956 (4,893) (232,063) Resources Expended £ 117,517 7,400 124,917 |
At 31.05.2023 (Restated) £ 1,101,582 5,636 - 1,107,218 Movement in funds £ 184,796 14,771 199,568 |
|---|---|---|
11. Details Of Restricted Funds
Humanitarian Fund – this is for supplies, for example clothing and food, to relieve suffering in war-torn or famine hit areas of the world, and to fund local food banks.
12. Related Party Transactions
There were no related party transactions during this year at or the previous year.
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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st MAY 2024
13. Restatement of Comparative Figures
The comparative figures for the year ended 31st May 2023 have been restated to reflect a reclassification between restricted and unrestricted funds. This reclassification was made following a review of the nature and terms of certain income and expenditure items, which identified that some funds had previously been classified differently.
There is no change to the overall total funds reported as at 31st May 2023 and the restatement has no impact on the charity's net assets or financial position. The adjustment has been made to ensure compliance with the Charity SORP and to provide a more accurate presentation of the fund balances.
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