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2021-03-31-accounts

REGISTERED CHARITY NUMBER: 1159316

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 March 2021

for

HUDHAYFAH BIN AL YAMAAN ISLAMIC CENTRE

ACN Accountants Chartered Certified Accountants 41 Orsett Road Grays Essex RM17 5DS 

HUDHAYFAH BIN AL YAMAAN ISLAMIC CENTRE

Contents of the Financial Statements for the Year Ended 31 March 2021

Page
Report of the Trustees 1 to 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7
Notes to the Financial Statements 8 to 11
Detailed Statement of Financial Activities 12 
HUDHAYFAH BIN AL YAMAAN ISLAMIC CENTRE

Report of the Trustees

for the Year Ended 31 March 2021

The trustees present their report with the financial statements of the charity for the year ended 31 March 2021. 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 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

To advance the Islamic religion for the public benefit by promoting knowledge of Allah (God) as portrayed in the authentic sources of Islam and according to the way of the pious predecessors, including the provision of facilities for religious worship.

Public benefit

The Trustees confirm that they abide by the Charity Commissions guidance on public benefit in complying with Section 17 of the Charities Act 2011 to have due regard to public benefit in meeting its objectives and activities. 

Page 1

HUDHAYFAH BIN AL YAMAAN ISLAMIC CENTRE

Report of the Trustees

for the Year Ended 31 March 2021

ACHIEVEMENT AND PERFORMANCE

During the year the charity continued to collect donations from the members of public. There are continuous commitments from the users and members to support charity's activities.

The charity provides social welfare, worship and educational support to the community and promotes social awareness among general public.

Covid-19 Pandemic Impact

In accordance with government and Public Health England guidelines the Islamic centre remained closed from 19th March 2020.

The following services were impacted or cancelled:

1 Daily congregational prayer

4 Eid in the park 2020

10 Some of the classes were moved online where possible 

Page 2

The Islamic centre reopened in July 2020 offering daily prayers and Friday prayers. Classes were continuing online as opposed to face-to-face to limit the risk of increasing COVID cases.

Throughout the week, the Islamic Centre was regularly deep cleaned to ensure a safe space for our congregation.

In accordance with government and Public Health England guidelines we: 

Page 2

Page 2

HUDHAYFAH BIN AL YAMAAN ISLAMIC CENTRE

Report of the Trustees

for the Year Ended 31 March 2021

FINANCIAL REVIEW

Financial position

The financial statements are set out on pages 6 to 11 have been prepared implementing Financial Reporting Standard for Smaller Entities (effective January 2015).

The Statement of Financial Activities show net surplus for the year of a revenue nature of £41,522. The total reserves at the year end after accounting for unrealised (losses) /after revaluing investments of £1,098,601.

The financial position of the Charity is firm and secure with net fund of £1,098,601.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes an incorporated charity.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number

1159316

Principal address

603 High Road Leytonstone London E11 4PA

Trustees

Mr Arshad Mahmood Mr Amer Mohiuddin Chairperson Mr Mohammed Zahir Rashid 

Page 3

HUDHAYFAH BIN AL YAMAAN ISLAMIC CENTRE

Report of the Trustees

for the Year Ended 31 March 2021

REFERENCE AND ADMINISTRATIVE DETAILS

Independent Examiner

ACN Accountants Chartered Certified Accountants 41 Orsett Road Grays Essex RM17 5DS

Bankers

Barclays Bank PLC

Approved by order of the board of trustees on 23 December 2021 and signed on its behalf by:

Mr Amer Mohiuddin - Trustee 

Page 4

Independent Examiner's Report to the Trustees of
HUDHAYFAH BIN AL YAMAAN ISLAMIC CENTRE

Independent examiner's report to the trustees of HUDHAYFAH BIN AL YAMAAN ISLAMIC CENTRE

I report to the charity trustees on my examination of the accounts of HUDHAYFAH BIN AL YAMAAN ISLAMIC CENTRE (the Trust) for the year ended 31 March 2021.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(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 giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.

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.

Anwar Faruque Chowdhury FCCA ACN Accountants Chartered Certified Accountants 41 Orsett Road Grays Essex RM17 5DS

23 December 2021 

Page 5

HUDHAYFAH BIN AL YAMAAN ISLAMIC CENTRE

Statement of Financial Activities
for the Year Ended 31 March 2021
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
Other income
Total
EXPENDITURE ON
Charitable activities
Charitable and social activities
Other
Total
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 31.3.21
31.3.20
Unrestricted Total
fund
funds
£
£
83,461
173,799
28,463
-
111,924
173,799
-
11,145
70,402
57,802
70,402
68,947
41,522
104,852
1,057,079
952,227
1,098,601
1,057,079		 
The notes form part of these financial statements

Page 6

HUDHAYFAH BIN AL YAMAAN ISLAMIC CENTRE

Balance Sheet 31 March 2021

Notes
FIXED ASSETS
Tangible assets
5
CURRENT ASSETS
Cash at bank
CREDITORS
Amounts falling due within one year
6
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS
FUNDS
7
Unrestricted funds
TOTAL FUNDS		 31.3.21
31.3.20
Unrestricted Total
fund
funds
£
£
1,058,901
1,050,981
42,827
14,511
(3,127)
(8,413)
39,700
6,098
1,098,601
1,057,079
1,098,601
1,057,079
1,098,601
1,057,079
1,098,601
1,057,079

The financial statements were approved by the Board of Trustees and authorised for issue on 23 December 2021 and were signed on its behalf by:

Mr Amer Mohiuddin - Trustee 

The notes form part of these financial statements

Page 7

HUDHAYFAH BIN AL YAMAAN ISLAMIC CENTRE

Notes to the Financial Statements
for the Year Ended 31 March 2021

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 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

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

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.

2. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020. 

continued...

Page 8

HUDHAYFAH BIN AL YAMAAN ISLAMIC CENTRE

Notes to the Financial Statements - continued

for the Year Ended 31 March 2021

3. STAFF COSTS

The average monthly number of employees during the year was as follows:

31.3.21 31.3.21 31.3.20
Admin 6 3
No employees received emoluments in excess of £60,000.
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies 173,799
EXPENDITURE ON
Charitable activities
Charitable and social activities 11,145
Other 57,802
Total 68,947
NET INCOME 104,852
RECONCILIATION OF FUNDS
Total funds brought forward 952,227
TOTAL FUNDS CARRIED FORWARD 1,057,079
5. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings
Totals
£ £ £
COST
At 1 April 2020 1,044,349 16,580 1,060,929
Additions 11,236 - 11,236
At 31 March 2021 1,055,585 16,580 1,072,165
DEPRECIATION
At 1 April 2020 - 9,948 9,948
Charge for year - 3,316 3,316
At 31 March 2021 - 13,264 13,264
NET BOOK VALUE
At 31 March 2021 1,055,585 3,316 1,058,901
At 31 March 2020 1,044,349 6,632 1,050,981 
continued...

Page 9

HUDHAYFAH BIN AL YAMAAN ISLAMIC CENTRE

Notes to the Financial Statements - continued

for the Year Ended 31 March 2021

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Social security and other taxes
Other creditors
Accrued expenses
7.
MOVEMENT IN FUNDS
At 1.4.20
£
Unrestricted funds
General fund
1,057,079
TOTAL FUNDS
1,057,079
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
111,924
TOTAL FUNDS
111,924		 31.3.21
£
287
2,000
840
3,127
Net
movement

in funds
£
41,522
41,522
Resources

expended
£
(70,402)
(70,402)		 31.3.20
£
233
7,000
1,180
8,413

At

31.3.21
£
1,098,601
1,098,601
Movement
in funds
£
41,522
41,522

Comparatives for movement in funds

At 1.4.19
£
Unrestricted funds
General fund
952,227
TOTAL FUNDS
952,227		 Net
movement
At
in funds
31.3.20
£
£
104,852
1,057,079
104,852
1,057,079

Comparative net movement in funds, included in the above are as follows:


Unrestricted funds
General fund
TOTAL FUNDS		 Incoming Resources Movement
resources
expended in funds
£
£
£
173,799
(68,947)
104,852
173,799
(68,947)
104,852		 
continued...

Page 10

HUDHAYFAH BIN AL YAMAAN ISLAMIC CENTRE

Notes to the Financial Statements - continued

for the Year Ended 31 March 2021

7. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
TOTAL FUNDS		 At 1.4.19
£
952,227
952,227		 Net
movement

in funds
£
146,374
146,374
At

31.3.21
£
1,098,601
1,098,601

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:


Unrestricted funds
General fund
TOTAL FUNDS		 Incoming Resources Movement
resources
expended in funds
£
£
£
285,723
(139,349)
146,374
285,723
(139,349)
146,374

8. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2021. 

Page 11

HUDHAYFAH BIN AL YAMAAN ISLAMIC CENTRE

Detailed Statement of Financial Activities
for the Year Ended 31 March 2021
Detailed Statement of Financial Activities
for the Year Ended 31 March 2021
31.3.21 31.3.20
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Donations 70,352 136,646
Gift aid 7,428 37,153
Education centre 5,681 -
83,461 173,799
Other income
Other income 28,463 -
Total incoming resources 111,924 173,799
EXPENDITURE
Charitable activities
Event management costs - 11,145
Support costs
Management
Rates and water - 2,338
Light and heat 2,932 5,115
2,932 7,453
Finance
Bank charges 120 874
Other support costs
Telephone 756 878
Postage and stationery - 447
Sundries 1,662 883
Repair and maintenance 11,039 -
Advertising 1,372 1,875
Fixtures and fittings 3,316 3,316
18,145 7,399
Governance costs
Wages 38,780 32,757
Accountancy 3,080 720
Casual staff costs 2,000 -
Cleaning and waste management 1,580 4,049
Other legal and professional - 4,224
IT expenses 2,565 326
Bookkeeping and payroll 1,200 -
49,205 42,076
Total resources expended 70,402 68,947
Net income 41,522 104,852 
This page does not form part of the statutory financial statements

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This page does not form part of the statutory financial statements

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