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2024-03-31-accounts

REGISTERED CHARITY NUMBER: 1162392

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2024

FOR

HIGHAM HILL MUSLIIM COMMUNITY TRUST

SKZ Chartered Certified Accountants Unit 1, Kataria Point, 1 Riches Road, Ilford, IG1 1JH

HIGHAM HILL MUSLIM COMMUNITY TRUST

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

Page
Report of the Trustees 1
Independent Examiner's Report 2
Statement of Trustees Responsibilities 3
Statement of Financial Activities 4
Balance Sheet 5
Notes to the Financial Statements 6 to 7
Detailed Statement of Financial Activities 8

HIGHAM HILL MUSLIM COMMUNITY TRUST

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 MARCH 2024

The trustee, present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Charity number 1162392

Registered office 362 Higham Hill Road Walthamstow London E17 5QX

Trustees

Mr Abdul Aziz Haffejee Mr Jubair MA Rahman Mr Bilal Ahmed Dhami Mr Mahmood Ahmed

Independent Examiner Syed Kashif Zafar FCCA SKZ Chartered Certified Accountants Unit 1, Kataria Point, 1 Riches Road, Ilford, IG1 1JH

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is constituted as a charitable trust registered with the charity commission in June 2015. It governs by the constitution last updated on 23 June 2015.

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. The trustees have assessed the risk that charity faces and are satisfied that systems are in place to manage the risks that have been identified. In particular, insurance cover is in place and finances of the charity are kept under review. Appropriate DBS checks are made for all those who work with children or vulnerable adults.

Approved by the trustees and signed on its behalf by :

Mr Jubair MA Rahman - Trustee

Mr Abdul Aziz Haffejee - Trustee

July 24, 2024

Page 01

HIGHAM HILL MUSLIM COMMUNITY TRUST

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES

OF HIGHAM HILL MUSLIM COMMUNITY TRUST

I report on the accounts for the year ended 31 March 2024 set out on pages four to eight.

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of

the accounts. The charity's trustees consider that an audit is not required for this year (under Section 144(2) of th e Charities Act 2011 (the 2011 Act)) and that an independent examination is required.

It is my responsibility to:

Basis of the independent examiner's report

My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view ' and the report is limited to those matters set out in the statements below.

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

have not been met or

Syed Kashif Zafar FCCA SKZ Chartered Certified Accountants Unit 1, Kataria Point, 1 Riches Road, Ilford, IG1 1JH

July 24, 2024

Page 02

HIGHAM HILL MUSLIM COMMUNITY TRUST

STATEMENTS OF TRUSTEES’ RESPONSIBILITIES

AS AT 31 MARCH 2024

The charity trustees are responsible for preparing an annual report and financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice.

The law applicable to charities in England and Wales requires the charity trustees to prepare financial statements for each 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 of the charity for that period. I preparing the financial statements, the trustees are required to:

Select suitable accounting policies and then apply them consistently; Observe the method and principles in the Charities SORP;

Make judgements and estimates that are reasonable and prudent;

State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;

Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.

The trustee are responsible for keeping proper accounting records that 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 Charity Act 1993, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

The financial statements were approved by the Board of Trustees and were signed on its behalf by:

Mr Jubair MA Rahman - Trustee

Mr Abdul Aziz Haffejee - Trustee

July 24, 2024

Page 03

HIGHAM HILL MUSLIM COMMUNITY TRUST

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024

INCOMING RESOURCES
Incoming resources from generated funds
Voluntary income
Donations
Tuition Fee
Govt grants and subsidies
Bank Interest
Total incoming resources
RESOURCES EXPENDED
Costs of generating funds
Cost of generating voluntary income
Charitable Actvities
Governance costs
Total resources expended
NET INCOMING RESOURCES		 31.03.24
31.03.23
Unrestricted
fund
Unrestricted
fund
£
£
11,565
17,466
112,356
108,107
-
-
492
94
124,412
125,667
92,500
82,481
1,300
26,149
1,391
1,199
95,191
109,829
29,221
15,839
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 74,004
58,166
103,226
74,005

The notes form part of these financial statements

Page 4

`

HIGHAM HILL MUSLIM COMMUNITY TRUST

STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2024

Notes
FIXED ASSETS
Computer Equipments
3
CURRENT ASSETS
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
4
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES		 31.03.24
31.03.23
£
£
104,674
77,022
104,674
77,022
4,032
3,018
100,642
74,004
100,642
74,004
NET ASSETS
FUNDS		 100,642
74,004
Unrestricted funds
5		 87,387
74,004
TOTAL FUNDS 87,387
74,004

The notes form part of these financial statements

Page 5

REGISTERED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

1. ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention, and in accordance with the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities (SORP 2005) and applicable UK Generally Accepted Accounting Practice.

Incoming resources

All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

Resources expended

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.

Taxation

The charity is exempt from income taxes 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.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2024.

Page 06

HIGHAM HILL MUSLIM COMMUNITY TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

4 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Accruals and deffered income 31.03.24
31.03.23
£
£
924
924
Wages Payable 2862
2,094
Taxes and national insurance 246.00
-
4032
3,018

5 MOVEMENT IN FUNDS

----- Start of picture text -----
At April 1 Incoming Resources At March 31
Unrestricted funds 2023 Resources Expended 2024
£ £ £ £
General fund 58,166 124,412 ( 95,191) 87,387
TOTAL FUNDS 58,166 124,412 ( 95,191) 87,387
----- End of picture text -----

Page 7

HIGHAM HILL MUSLIM COMMUNITY TRUST

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD ENDED 31 MARCH 2024

INCOMING RESOURCES
Voluntary income
Donations
Tuition Fee
Bank Interest
Govt grants and subsidies
Total incoming resources
RESOURCES EXPENDED		 Year Ended Year Ended
31.03.24
31.03.23
£
£
11,565
17,466
112,356
108,107
492
94
-
-
124,412
125,667
Charitable activities
Donations and Givings
Other Charitable activities
Support costs
Staff Costs and general office Expenses
Rent
Printing, post & stationary		 1,300
25,029
-
1,120
1,300
26,149
31,597
30,869
36,894
33,699
11
82
Other support costs 23,998
17,831
Depreciation
Governance costs
Legal & Professional
Total resources expended
Net income		 -
-
92,500
82,481
1,391
1,199
1,391
1,199
95,191
109,829
29,221
15,839

This page does not form part of the statutory financial statements

Page 8