**REGISTERED CHARITY NUMBER: 1159316** Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 March 2024 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 2024` ||Page| |---|---| |Report of the Trustees|1 to 5| |Independent Examiner's Report|6| |Statement of Financial Activities|7| |Balance Sheet|8| |Notes to the Financial Statements|8 to 12| |Detailed Statement of Financial Activities|13| ``` HUDHAYFAH BIN AL YAMAAN ISLAMIC CENTRE ``` ``` Report of the Trustees ``` ``` for the Year Ended 31 March 2024 ``` The trustees present their report with the financial statements of the charity for the year ended 31 March 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 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 2024 ``` ## **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. ## **FINANCIAL REVIEW** ## **Financial position** The financial statements are set out on pages 7 to 13 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 £48,751. The total reserves at the year end after accounting for unrealised (losses) /after revaluing investments of £1,228,611. The financial position of the Charity is firm and secure with net fund of £1,228,611. ## **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 Kharum Mushtaq Mr Mohammed Zahir Rashid ## **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 16 December 2024 and signed on its behalf by: Mr Amer Mohiuddin - Trustee Page 2 `HUDHAYFAH BIN AL YAMAAN ISLAMIC CENTRE` `Report of the Trustees` `for the Year Ended 31 March 2024` ## **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 3 ## **1.3 Eid Al Fitr 2023** Eid al Fitr prayer took place at the Islamic centre due to adverse weather conditions. We had two congregations. The first at 8:30am and the second at 9:30am. Approximately 350 attendants gathered in total. ## **1.4 Eid Al Adha 2023** We also prayed Eid Al Adha at Harrow Road Playing Fields. Approximately 400 congregants joined the prayer and shared tea and light snacks. We also partnered up with a local food bank to distribute fresh meat to people who need support in the local area. Page 4 ## **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 5 ``` 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 2024. ## **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 16 December 2024 Page 6 ``` HUDHAYFAH BIN AL YAMAAN ISLAMIC CENTRE ``` ``` Statement of Financial Activities for the Year Ended 31 March 2024 ``` |Notes
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**EXPENDITURE ON**
Other
**NET INCOME**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|31.3.24
31.3.23
`Unrestricted Total`
`fund`
`funds`
£
£
112,279
78,599
63,528
51,374
48,751
27,225
1,179,860
1,152,635
1,228,611
1,179,860| |---|---| Page 7 ## `HUDHAYFAH BIN AL YAMAAN ISLAMIC CENTRE` ## `Balance Sheet` ## `31 March 2024` |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**|31.3.24
31.3.23
`Unrestricted Total`
`fund`
`funds`
£
£
1,367,324
1,367,324
6,847
9,376
(145,560)
(196,840)
(138,713)
(187,464)
1,228,611
1,179,860
1,228,611
1,179,860
1,228,611
1,179,860
1,228,611
1,179,860| |---|---| The financial statements were approved by the Board of Trustees and authorised for issue on 16 December 2024 and were signed on its behalf by: Mr Amer Mohiuddin - Trustee Page 8 ``` HUDHAYFAH BIN AL YAMAAN ISLAMIC CENTRE ``` ``` Notes to the Financial Statements for the Year Ended 31 March 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 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 2024 nor for the year ended 31 March 2023. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023. Page 9 ``` HUDHAYFAH BIN AL YAMAAN ISLAMIC CENTRE ``` ``` Notes to the Financial Statements - continued ``` ``` for the Year Ended 31 March 2024 ``` ## **3. STAFF COSTS** The average monthly number of employees during the year was as follows: |||||31.3.24|31.3.24||31.3.23| |---|---|---|---|---|---|---|---| ||Admin|||7|||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||||||78,599| ||**EXPENDITURE ON**||||||| ||Other||||||51,374| ||**NET INCOME**||||||27,225| ||**RECONCILIATION OF FUNDS**||||||| ||Total funds brought forward||||||1,152,635| ||**TOTAL FUNDS CARRIED FORWARD**||||||1,179,860| |**5.**|**TANGIBLE FIXED ASSETS**||||||| |||||`Fixtures`|||| |||`Freehold`||`and`|||| |||`property`||`fittings`|||
`Totals`| |||£||£|||£| ||**COST**||||||| ||At 1 April 2023 and 31 March 2024|1,367,324||16,580|||1,383,904| ||**DEPRECIATION**||||||| ||At 1 April 2023 and 31 March 2024||-|16,580|||16,580| ||**NET BOOK VALUE**||||||| ||At 31 March 2024|1,367,324|||-||1,367,324| ||At 31 March 2023|1,367,324|||-||1,367,324| Page 10 ``` HUDHAYFAH BIN AL YAMAAN ISLAMIC CENTRE ``` ``` Notes to the Financial Statements - continued ``` ``` for the Year Ended 31 March 2024 ``` ## **6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** |Other creditors
Accrued expenses|31.3.24
£
144,600
960
145,560|31.3.23
£
196,000
840
196,840| |---|---|---| ## **7. MOVEMENT IN FUNDS** |`Net`
`movement`
`At 1.4.23`
`in funds`
£
£
**Unrestricted funds**
General fund
1,179,860
48,751
**TOTAL FUNDS**
1,179,860
48,751
Net movement in funds, included in the above are as follows:
`Incoming Resources`
`resources`
`expended`
£
£
**Unrestricted funds**
General fund
112,279
(63,528)
**TOTAL FUNDS**
112,279
(63,528)
**Comparatives for 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
Comparative 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)|
`At`

`31.3.24`
£
1,228,611
1,228,611
`Movement`
`in funds`
£
48,751
48,751

`At`

`31.3.23`
£
1,179,860
1,179,860
`Movement`
`in funds`
£
27,225
27,225| |---|---| Page 11 ``` HUDHAYFAH BIN AL YAMAAN ISLAMIC CENTRE ``` ``` Notes to the Financial Statements - continued ``` ``` for the Year Ended 31 March 2024 ``` ## **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 1.4.22`
£
1,152,635
1,152,635|`Net`
`movement`

`in funds`
£
75,976
75,976|
`At`

`31.3.24`
£
1,228,611
1,228,611| |---|---|---|---| 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`
£
£
£
190,878
(114,902)
75,976
190,878
(114,902)
75,976| |---|---| ## **8. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31 March 2024. Page 12 ``` HUDHAYFAH BIN AL YAMAAN ISLAMIC CENTRE ``` ``` Detailed Statement of Financial Activities for the Year Ended 31 March 2024 ``` |`Detailed Statement of Financial Activities`
`for the Year Ended 31 March 2024`||| |---|---|---| ||31.3.24|31.3.23| ||`£`|`£`| |**INCOME AND ENDOWMENTS**||| |**Donations and legacies**||| |Donations|93,074|71,139| |Gift aid|3,250|-| |Education centre|15,955|7,460| ||112,279|78,599| |**Total incoming resources**|112,279|78,599| |**EXPENDITURE**||| |**Support costs**||| |**Management**||| |Rates and water|802|-| |Light and heat|9,937|4,444| ||10,739|4,444| |**Finance**||| |Bank charges|681|1,130| |**Other support costs**||| |Telephone|902|730| |Postage and stationery|1,190|1,249| |Sundries|3,502|3,465| |Repair and maintenance|3,215|4,804| ||8,809|10,248| |**Governance costs**||| |Wages|36,492|28,391| |Accountancy|1,080|960| |Casual staff costs|2,180|2,796| |Cleaning and waste management|2,433|2,862| |IT expenses|-|543| |Facility/hall hire|960|-| |Insurance|154|-| ||43,299|35,552| |Total resources expended|63,528|51,374| |**Net income**|48,751|27,225| Page 13