**REGISTERED COMPANY NUMBER: 09210531 (England and Wales) REGISTERED CHARITY NUMBER: 1160729** ## **Report of the Trustees and** **Unaudited Financial Statements for the Year Ended 31 December 2020** **for Al-Hikam** Isaacs Trust House St James Business Park 5 New Augustus Street Bradford West Yorkshire BD1 5LL **Al-Hikam** **Contents of the Financial Statements for the Year Ended 31 December 2020** **----- Start of picture text -----**
Page
Report of the Trustees 1
Independent Examiner's Report 2
Statement of Financial Activities 3
Balance Sheet 4 to 5
Notes to the Financial Statements 6 to 11
Detailed Statement of Financial Activities 12 to 13
**----- End of picture text -----**
**Al-Hikam** **Report of the Trustees for the Year Ended 31 December 2020** 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 December 2020. 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). ## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document** The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number** 09210531 (England and Wales) **Registered Charity number** 1160729 ## **Registered office** 12 Bull Royd Lan Bradford BD8 0LJ ## **Trustees** Zaheer Nazir Adil Shahzad Assaid Hussain ## **Company Secretary** ## **Independent Examiner** Isaacs Trust House St James Business Park 5 New Augustus Street Bradford West Yorkshire BD1 5LL Approved by order of the board of trustees on ............................................. and signed on its behalf by: .......................................................................... Adil Shahzad - Trustee Page 1 **Independent Examiner's Report to the Trustees of Al-Hikam** ## **Independent examiner's report to the trustees of Al-Hikam ('the Company')** I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2020. ## **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 in accordance 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 statement** 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: 1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. 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 4. 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. Isaacs Accountants (UK) Ltd ACCA Isaacs Trust House St James Business Park 5 New Augustus Street Bradford West Yorkshire BD1 5LL Date: ............................................. Page 2 **Al-Hikam** ## **Statement of Financial Activities for the Year Ended 31 December 2020** |**2020**
**Unrestricted**
**fund**
Notes
**£**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**77,048**
**EXPENDITURE ON**
Raising funds
2
**84,196**
**NET INCOME/(EXPENDITURE)**
**(7,148)**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**331,438**
**TOTAL FUNDS CARRIED FORWARD**
**324,290**|2019
Total
funds
£
131,874
114,535
17,339
314,099
331,438| |---|---| The notes form part of these financial statements Page 3 **Al-Hikam** ## **Balance Sheet** ## **31 December 2020** |**2020**
**Unrestricted**
**fund**
Notes
**£**
**FIXED ASSETS**
Intangible assets
6
**17,273**
Tangible assets
7
**394,132**
**411,405**
**CURRENT ASSETS**
Debtors
8
**30,000**
Cash at bank and in hand
**10,454**
**40,454**
**CREDITORS**
Amounts falling due within one year
9
**(7,429)**
**NET CURRENT ASSETS**
**33,025**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**444,430**
**CREDITORS**
Amounts falling due after more than one year
10
**(120,140)**
**NET ASSETS**
**324,290**
**FUNDS**
12
Unrestricted funds
**324,290**
**TOTAL FUNDS**
**324,290**|2019
Total
funds
£
21,591
397,154
418,745
-
11,669
11,669
(9,376)
2,293
421,038
(89,600)
331,438
331,438
331,438| |---|---| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020. The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for - (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and - (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 Sections 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. The notes form part of these financial statements continued... Page 4 **Al-Hikam** ## **Balance Sheet - continued 31 December 2020** These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: ............................................. Adil Shahzad - Trustee The notes form part of these financial statements Page 5 **Al-Hikam** **Notes to the Financial Statements for the Year Ended 31 December 2020** ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charitable company, 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 Companies Act 2006. 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. Improvements to property - 15% on reducing balance Fixtures and fittings - 15% on reducing balance Computer equipment - 15% on reducing balance ## **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 explanation of the nature and purpose of each fund is included in the notes to the financial statements. continued... Page 6 **Al-Hikam** ## **Notes to the Financial Statements - continued for the Year Ended 31 December 2020** ## **2. RAISING FUNDS** |**Raising donations and legacies**
Staff costs
Motor
Support costs
**3.**
**NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets
Web development amortisation
**4.**
**TRUSTEES' REMUNERATION AND BENEFITS**|**2020**
**£**
**-**
**213**
**83,983**
**84,196**
**2020**
**£**
**8,080**
**4,318**|2019
£
775
345
110,258
111,378
2019
£
8,615
4,319| |---|---|---| There were no trustees' remuneration or other benefits for the year ended 31 December 2020 nor for the year ended 31 December 2019. |**Trustees' expenses**
Trustees' expenses|**2020**
**£**
**-**|2019
£
3,157| |---|---|---| |**5.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**EXPENDITURE ON**
Raising funds||Unrestricted
fund
£
131,874
114,535| |**NET INCOME**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**||17,339
314,099| continued... Page 7 **Al-Hikam** ## **Notes to the Financial Statements - continued for the Year Ended 31 December 2020** ## **5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued** ||Unrestricted
fund
£| |---|---| |**TOTAL FUNDS CARRIED FORWARD**|331,438| |**6.**
**INTANGIBLE FIXED ASSETS**
**COST**
At 1 January 2020 and 31 December 2020|Web
development
£
**43,186**| |**AMORTISATION**
At 1 January 2020
Charge for year|**21,595**
**4,318**| |At 31 December 2020|**25,913**| |**NET BOOK VALUE**
At 31 December 2020|**17,273**| |At 31 December 2019|21,591| ## **7. TANGIBLE FIXED ASSETS** |**COST**
At 1 January 2020
Additions
At 31 December 2020
**DEPRECIATION**
At 1 January 2020
Charge for year
At 31 December 2020
**NET BOOK VALUE**
At 31 December 2020
At 31 December 2019|Improvements
Freehold
to
property
property
£
£
**348,338**
**51,721**
**-**
**-**
**348,338**
**51,721**
**-**
**20,830**
**-**
**4,634**
**-**
**25,464**
**348,338**
**26,257**
348,338
30,891|Fixtures
and
fittings
£
**18,543**
**5,058**
**23,601**
**8,243**
**2,303**
**10,546**
**13,055**
10,300|Computer
equipment
£
**12,787**
**-**
**12,787**
**5,162**
**1,143**
**6,305**
**6,482**
7,625|Totals
£
**431,389**
**5,058**
**436,447**
**34,235**
**8,080**
**42,315**
**394,132**
397,154| |---|---|---|---|---| continued... Page 8 **Al-Hikam** ## **Notes to the Financial Statements - continued for the Year Ended 31 December 2020** **----- Start of picture text -----**
8. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2020 2019
£ £
Al Hikam Tours 30,000 -
9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£ £
Bank loans and overdrafts (see note 11) 2,120 2,120
Trade creditors 4,975 6,072
Social security and other taxes 334 409
Wages - 775
7,429 9,376
10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2020 2019
£ £
Other loans (see note 11) 120,140 89,600
11. LOANS
An analysis of the maturity of loans is given below:
2020 2019
£ £
Amounts falling due within one year on demand:
Bank overdrafts 2,120 2,120
Amounts falling due in more than five years:
Repayable by instalments:
BB Loan 50,000 -
Repayable otherwise than by instalments:
Other loans more 5yrs non-inst 70,140 89,600
**----- End of picture text -----**
continued... Page 9 **Al-Hikam** ## **Notes to the Financial Statements - continued for the Year Ended 31 December 2020** ## **12. MOVEMENT IN FUNDS** |At 1.1.20
£
**Unrestricted funds**
General fund
**331,438**
**TOTAL FUNDS**
**331,438**
Net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
**77,048**
**TOTAL FUNDS**
**77,048**
**Comparatives for movement in funds**
At 1.1.19
£
**Unrestricted funds**
General fund
314,099
**TOTAL FUNDS**
314,099
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
131,874
**TOTAL FUNDS**
131,874|Net
movement
At
in funds
31.12.20
£
£
**(7,148)**
**324,290**
**(7,148)**
**324,290**
Resources
Movement
expended
in funds
£
£
**(84,196)**
**(7,148)**
**(84,196)**
**(7,148)**
Net
movement
At
in funds
31.12.19
£
£
17,339
331,438
17,339
331,438
Resources
Movement
expended
in funds
£
£
(114,535)
17,339
(114,535)
17,339| |---|---| continued... Page 10 **Al-Hikam** ## **Notes to the Financial Statements - continued for the Year Ended 31 December 2020** ## **12. 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 1.1.19
£
314,099
314,099|Net
movement
in funds
£
10,191
10,191|At
31.12.20
£
324,290
324,290| |---|---|---|---| 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|Incoming
Resources
resources
expended
£
£
208,922
(198,731)|Movement
in funds
£
10,191| |---|---|---| |**TOTAL FUNDS**|208,922
(198,731)|10,191| ## **13. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31 December 2020. Page 11 **Al-Hikam** ## **Detailed Statement of Financial Activities for the Year Ended 31 December 2020** |**INCOME AND ENDOWMENTS**
**Donations and legacies**
Gifts
Donations
**Total incoming resources**
**EXPENDITURE**
**Raising donations and legacies**
Wages
Motor
**Other trading activities**
Trustees' expenses
**Support costs**
**Management**
Rates and water
Insurance
Light and heat
Telephone
Postage and stationery
Advertising
Sundries
Repairs and renewals
Donations
Travel
Computer software
Improvements to property
Fixtures and fittings
Computer equipment
**Finance**
Bank charges|2020
£
**1**
**77,047**
**77,048**
**77,048**
**-**
**213**
**213**
**-**
**3,249**
**5,435**
**6,920**
**2,887**
**500**
**1,883**
**42,632**
**915**
**4,883**
**-**
**4,319**
**4,634**
**2,304**
**1,144**
**81,705**
**2,278**|2019
£
1
131,873
131,874
131,874
775
345
1,120
3,157
54,302
4,543
8,904
7,741
1,699
8,077
579
399
216
7,558
4,319
5,451
1,818
1,346
106,952
3,306| |---|---|---| This page does not form part of the statutory financial statements Page 12 **Al-Hikam** ## **Detailed Statement of Financial Activities for the Year Ended 31 December 2020** |Total resources expended
**Net (expenditure)/income**|2020
£
**84,196**
**(7,148)**|2019
£
114,535
17,339| |---|---|---| This page does not form part of the statutory financial statements Page 13