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2023-03-31-accounts

REGISTERED CHARITY NUMBER: 1159316

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 March 2023

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 2023

Page
Report of the Trustees 1 to 5
Independent Examiner's Report 8
Statement of Financial Activities 9
Balance Sheet 10
Notes to the Financial Statements 11 to 14
Detailed Statement of Financial Activities 15 
HUDHAYFAH BIN AL YAMAAN ISLAMIC CENTRE

Report of the Trustees

for the Year Ended 31 March 2023

The trustees present their report with the financial statements of the charity for the year ended 31 March 2023. 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 2023

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.

Our main activities and who we try to help are described below.

1 RELIGIOUS SERVICES

1.1 Congregational prayer

MHbAY is open for congregational prayers every day of the year. The five daily prayers, Friday prayers and Tarawih prayers during Ramadan has helped many within the local community and beyond fulfil a fundamental obligation of the Islamic faith. On average we have over 70 people attending each of the five prayers every day. On Friday, for Jumuah, we have 180 attendees.

1.2 Ramadan 2023

The month of Ramadan was the most eventful time in MHbAY’s calendar. Many local congregates participated in prayers each night. Meals to break the fast (Iftar) were also provided every evening. 

Page 2

1.3 Eid Al Fitr 2022

Eid al Fitr prayer took place at the local park at at Harrow Road Playing Fields. Approximately 400 congregants joined the prayer and shared tea and light snacks.

1.4 Eid Al Adha 2022

We also prayed Eid Al Adha at Harrow Road Playing Fields. Approximately 400 congregants joined the prayer and shared tea and light snacks. 

Page 3

1.5 Classes

A number of free classes and courses were run throughout the year to benefit the men, women and children from our local community. 

Page 4

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HUDHAYFAH BIN AL YAMAAN ISLAMIC CENTRE

Report of the Trustees

for the Year Ended 31 March 2023

FINANCIAL REVIEW

Financial position

The financial statements are set out on pages 5 to 10 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 £27,225. The total reserves at the year end after accounting for unrealised (losses) /after revaluing investments of £1,179,860.

The financial position of the Charity is firm and secure with net fund of £1,179,860.

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 

Page6

HUDHAYFAH BIN AL YAMAAN ISLAMIC CENTRE

Report of the Trustees

for the Year Ended 31 March 2023

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 24 January 2024 and signed on its behalf by:

Mr Amer Mohiuddin - Trustee 

Page7

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 2023.

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

24 January 2024 

Page 8

HUDHAYFAH BIN AL YAMAAN ISLAMIC CENTRE

Statement of Financial Activities
for the Year Ended 31 March 2023
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		 31.3.23
31.3.22
Unrestricted Total
fund
funds
£
£
78,599
107,347
-
11,039
78,599
118,386
-
300
51,374
64,052
51,374
64,352
27,225
54,034
1,152,635
1,098,601
1,179,860
1,152,635		 
The notes form part of these financial statements

Page 9

HUDHAYFAH BIN AL YAMAAN ISLAMIC CENTRE

Balance Sheet

31 March 2023

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		 31.3.23
31.3.22
Unrestricted Total
fund
funds
£
£
1,367,324
1,344,614
9,376
10,861
(196,840)
(202,840)
(187,464)
(191,979)
1,179,860
1,152,635
1,179,860
1,152,635
1,179,860
1,152,635
1,179,860
1,152,635

The financial statements were approved by the Board of Trustees and authorised for issue on 24 January 2024 and were signed on its behalf by:

Mr Amer Mohiuddin - Trustee 

The notes form part of these financial statements

Page 10

HUDHAYFAH BIN AL YAMAAN ISLAMIC CENTRE

Notes to the Financial Statements
for the Year Ended 31 March 2023

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 2023 nor for the year ended 31 March 2022.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022. 

continued...

Page 11

HUDHAYFAH BIN AL YAMAAN ISLAMIC CENTRE
Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

3. STAFF COSTS

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

31.3.23 31.3.23 31.3.22
Admin 6 6
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 107,347
Other income 11,039
Total 118,386
EXPENDITURE ON
Charitable activities
Charitable and social activities 300
Other 64,052
Total 64,352
NET INCOME 54,034
RECONCILIATION OF FUNDS
Total funds brought forward 1,098,601
TOTAL FUNDS CARRIED FORWARD 1,152,635
5. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings
Totals
£ £ £
COST
At 1 April 2022 1,344,614 16,580 1,361,194
Additions 22,710 - 22,710
At 31 March 2023 1,367,324 16,580 1,383,904
DEPRECIATION
At 1 April 2022 and 31 March 2023 - 16,580 16,580
NET BOOK VALUE
At 31 March 2023 1,367,324 - 1,367,324
At 31 March 2022 1,344,614 - 1,344,614 
continued...

Page 12

HUDHAYFAH BIN AL YAMAAN ISLAMIC CENTRE

Notes to the Financial Statements - continued

for the Year Ended 31 March 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Other creditors
Accrued expenses		 31.3.23
£
196,000
840
196,840		 31.3.22
£
202,000
840
202,840

7. MOVEMENT IN FUNDS

Net
movement
At 1.4.22
in funds
£
£
Unrestricted funds
General fund
1,152,635
27,225
TOTAL FUNDS
1,152,635
27,225
Net movement in funds, included in the above are as follows:
Incoming Resources
resources
expended
£
£
Unrestricted funds
General fund
78,599
(51,374)
TOTAL FUNDS
78,599
(51,374)
Comparatives for movement in funds
Net
movement
At 1.4.21
in funds
£
£
Unrestricted funds
General fund
1,098,601
54,034
TOTAL FUNDS
1,098,601
54,034
Comparative net movement in funds, included in the above are as follows:
Incoming Resources
resources
expended
£
£
Unrestricted funds
General fund
118,386
(64,352)
TOTAL FUNDS
118,386
(64,352)
At

31.3.23
£
1,179,860
1,179,860
Movement
in funds
£
27,225
27,225

At

31.3.22
£
1,152,635
1,152,635
Movement
in funds
£
54,034
54,034		 
continued...

Page 13

HUDHAYFAH BIN AL YAMAAN ISLAMIC CENTRE

Notes to the Financial Statements - continued

for the Year Ended 31 March 2023

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 1.4.21
£
1,098,601
1,098,601		 Net
movement

in funds
£
81,259
81,259
At

31.3.23
£
1,179,860
1,179,860

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

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 196,985 (115,726) 81,259
TOTAL FUNDS 196,985 (115,726) 81,259

8. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2023. 

Page 14

HUDHAYFAH BIN AL YAMAAN ISLAMIC CENTRE

Detailed Statement of Financial Activities
for the Year Ended 31 March 2023
Detailed Statement of Financial Activities
for the Year Ended 31 March 2023
31.3.23 31.3.22
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Donations 71,139 100,719
Education centre 7,460 6,628
78,599 107,347
Other income
Other income - 11,039
Total incoming resources 78,599 118,386
EXPENDITURE
Charitable activities
Books and study materials - 300
Support costs
Management
Light and heat 4,444 4,772
Finance
Bank charges 1,130 601
Other support costs
Telephone 730 956
Postage and stationery 1,249 1,085
Sundries 3,465 4,633
Repair and maintenance 4,804 19,662
Advertising - 1,075
Fixtures and fittings - 3,316
10,248 30,727
Governance costs
Wages 28,391 24,070
Accountancy 960 840
Casual staff costs 2,796 1,596
Cleaning and waste management 2,862 1,075
IT expenses 543 371
35,552 27,952
Total resources expended 51,374 64,352
Net income 27,225 54,034 
This page does not form part of the statutory financial statements

Page 15