AL-HIKMAH TRUST CHARITY REGISTRATION No. 1173270 FINANCIAL STATEMENTS YEAR ENDED 31 December 2020 Page I
AL-HIKMAH TRUST
CHARITY REGISTRATION No. 1173270
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FINANCIAL STATEMENTS YEAR ENDED 31 December 2020
CONTENTS
Section A ASSOCIATION INFORMATION 3
Section B MANAGEMENT COMMITTEE REPORT 4
Section C STATEMENT OF FINANCIAL ACTIVITIES 6
Section D BALANCE SHEET 7
Section E NOTES TO THE ACCOUNTS 8
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AL-HIKMAH TRUST CHARITY REGISTRATION No. 1173270
FINANCIAL STATEMENTS YEAR ENDED 31 December 2020
Section A LEGAL AND ADMINISTRATIVE INFORMATION Organisation Legal Name: AL-HIKMAH TRUST Charity Registration No. 1173270 Accounting Period ending: 31 December 2020 Principle Address: 59 HAMPDEN ROAD AYLESBURY HP21 8JQ Contact No. Trustees: 1 QAZI MOHAMMAD 2 MUJEEB UR REHMAN 3 QAZI NAVEED-UR 4 MUHAMMAD BASHIR Bankers:
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AL-HIKMAH TRUST CHARITY REGISTRATION No. 1173270
FINANCIAL STATEMENTS YEAR ENDED 31 December 2020
Section B MANAGEMENT COMMITTEE REPORT
The Trustees present their report and the financial statements for the year ended 31 December 2020
Formation Status and Principal Activities
The Organisation is registered with the Charity Commission; Registration No 1173270
The principal object of the Charity is
to provide a place of worship and religious teaching and education for the benefit of local Muslim Community.
Review of activity
Funds are being held in cash to finance building expansion and possible investment to ensure future operation and revenues.
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Financial statement executive summary ending 31 December 2020
Change &
This Year : Date Amount Last year Amount 2
Totals
Charitable Activities Income 31-Dec £5,567 prior year £5,567
The Chartable Expenditure 31-Dec £5,470 prior year £5,063 8% ▲
Net income/(expenditure) 31-Dec £97 prior year £504 -81% ▼
Net Balance this year 31-Dec £653 balance b/fw £1,290 -49% ▼
Fixed Assets (Property & Equipt.) 31-Dec £1,228 prior year £1,445 -15% ▼
Current Assets (Property & Equipt.) 31-Dec £1,233 prior year £1,481 -17% ▼
Cost of Property at start of year 01-Jan £0 equipment £1,445
Net value Property at end of year 31-Dec £0 equipment £1,228 £1,228
Net value Prop. & Eqpt. at start of year 01-Jan £0 prior year £1,445 £1,445
OER (Operating Expense Ratio) 31-Dec 2% prior year 10% -8% ▼
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Trustees Responsibilities
The Trustees are required to prepare financial statements for each financial year as required by the Charity Commission rules and regulations.
The Trustees are responsible for keeping proper accounting records which disclose; with reasonable accuracy, the financial position of the Charity and to ensure that the Financial Statements comply with the Charity Commission rules.
They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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Signed by one or two trustees on behalf of all the trustees:
MUJEEB UR REHMAN
Print Name: MUJEEB UR REHMAN Position: Trustees: Date of approval: 06/01/2024
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AL-HIKMAH TRUST CHARITY REGISTRATION No. 1173270
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FINANCIAL STATEMENTS YEAR ENDED 31 December 2020
Section D STATEMENT OF FINANCIAL ACTIVITIES
Recommended categories by Unrestricted Restricted income
Endowment funds Total funds Prior year funds
activity funds funds
INCOME £ £ £ £ £
Income and endowments from:
Donations and legacies 3 5,567 - - 5,567 5,567
Charitable activities - - - - -
- - - -
Other trading activities
Investments - - - - -
- - - - -
Separate material item of income
Total 5,567 - - 5,567 5,567
EXPENDITURE
Expenditure on:
- - - -
Raising funds
Charitable activities 4 5,470 - - 5,470 5,063
- - - - -
Separate material expense item
Other - - - - -
Total 5,470 - - 5,470 5,063
Net income/ (expenditure) before tax 97 - - 97 504
for the reporting period
Tax payable - - - - -
97 - - 97 504
NET INCOME/(EXPENDITURE)
(after tax before investment
gains/(losses))
Net gains/(losses) on investments - - - - -
Net income/(expenditure) 97 - - 97 504
Extraordinary items - - - - -
Transfers between funds - - - - -
Other recognised gains/
(losses): - - - - -
fixed assets for the charity’s own
- - - - -
use
- - - - -
Other gains/(losses)
Net movement in funds 97 - - 97 504
Reconciliation of funds:
Total funds brought forward 556 - - 556 786
Total funds carried forward 653 - - 653 1,290
Notes
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AL-HIKMAH TRUST CHARITY REGISTRATION No. 1173270
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FINANCIAL STATEMENTS YEAR ENDED 31 December 2020
Section E BALANCE SHEET
Unrestricted Restricted Endowment
Total this year Total last year
funds income funds funds
£ £ £ £ £
FIXED ASSETS 5
- -
Tangable Assets 1,228 1,228 1,445
Intangible Assets - - - - -
- - - - -
Heritage Assets
- - - - -
Investments
- -
Total fixed assets 1,228 1,228 1,445
CURRENT ASSETS
- - - - -
Stocks
- - - - -
Debtors
- - - - -
Investments
- - - - -
Cash at bank
Cash in hand 355 - - 355 556
Total current assets 355 - - 355 556
Creditors: 6
amounts falling due within one 350 - - 350 520
Net current assets/(liabilities) 5 - - 5 36
Total assets less current
- -
1,233 1,233 1,481
liabilities
Notes
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Signed by one or two trustees on behalf of all the trustees:
MUJEEB UR REHMAN
Print Name: MUJEEB UR REHMAN
Date of approval:
06/01/2024
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AL-HIKMAH TRUST CHARITY REGISTRATION No. 1173270
FINANCIAL STATEMENTS
YEAR ENDED
31 December 2020
Section F
NOTES
Note 1
ACCOUNTING POLICIES
(a) Convention
The accounts have been prepared in accordance with the historical cost convention and in accordance with applicable accounting standards and the statement of Recommended Practice on Accounting by Charities (2005).
(b) Depreciation
Depreciation is provided on tangible fixed assets in order to write off those assets over their anticipated useful lives. The bases and rates used are as follows:
Freehold Property: 2% per annum on net book value Fixtures, Fittings & Equipment: 15% per annum on net book value
(c) Income
Income is included in the income and expenditure account at their due date.
Note 2
BANK INTEREST
Bank interest is included in the income and expenditure account on receipt, at its gross amount.
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AL-HIKMAH TRUST CHARITY REGISTRATION No. 1173270
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FINANCIAL STATEMENTS YEAR ENDED 31 December 2020
Note 3 INCOME
Unrestricted Restricted Endowment
Analysis of income funds income funds funds Total funds Prior year
Donations and legacies: £ £ £ £ £
- -
Donations and gifts 5,567 5,567 5,567
Gift Aid - - - - -
- - - - -
Legacies
General grants provided by
government/other charities - - - - -
Membership subscriptions and
- - - - -
sponsorships which are in substance
donations
Donated goods, facilities and
services - - - - -
Total 5,567 - - 5,567 5,567
Charitable activities:
- - - - -
Total - - - - -
Other trading activities:
- - - - -
- - - - -
Total - - - - -
Income from investments: -
Interest income - - - - -
Dividend income - - - - -
- - - - -
Rental and leasing income
Total - - - - -
Separate material item of income
- - - - -
Total - - - - -
Other:
Conversion of endowment funds
into income - - - - -
Gain on disposal of a tangible fixed
asset held for charity's own use - - - - -
Gain on disposal of a programme
related investment - - - - -
Total - - - - -
GRAND TOTAL INCOME 5,567 - - 5,567 5,567
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AL-HIKMAH TRUST CHARITY REGISTRATION No. 1173270
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FINANCIAL STATEMENTS YEAR ENDED 31/12/2020
Note 4
EXPENDITURE
This year Last year
Unrestricted Restricted Endowment
Analysis funds income funds funds Total funds Total funds
Expenditure on Charitable £ £ £ £ £
Charitable Activities - - - - -
Rates - - - - -
Insurance 300 - - 300 320
- -
Wages and NIC 1,500 1,500 1,200
Electricity 400 - - 400 423
Gas 223 - - 223 240
Water 100 - - 100 100
Repairs and Maintenance 200 - - 200 200
Accountancy and Book Keeping 120 - - 120 120
- -
Books and Stationery 1,346 1,346 1,200
Cleaning and Laundry 356 - - 356 400
Fire /Health & Safety 60 - - 60 -
Telephone 360 - - 360 360
Depreciation 255 - - 255 300
Sundry Expenses 250 - - 250 200
Total 5,470 - - 5,470 5,063
Expenditure on raising funds:
- - - - -
seeking donations & Legacies
- - - - -
Incurred seeking grants
- - - - -
Rent collection,
- - - - -
Operating membership schemes
- - - - -
Staging fundraising events
- - - - -
Fudraising agents
- - - - -
Operating charity shops
Operating a trading company
- - - - -
undertaking non-charitable
trading activity
Advertising, marketing, direct mail and publicity - - - - -
Total - - - - -
TOTAL EXPENDITURE 5,470 - - 5,470 5,063
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AL-HIKMAH TRUST CHARITY REGISTRATION No. 1173270
FINANCIAL STATEMENTS YEAR ENDED 31 December 2020
| … Note 4 | EXPENDITURE |
|---|---|
| Rent collection, property repairs and Cost of obtaining investment advice Investment administration costs Intellectual property licencing costs Database development costs Investment management costs: Portfolio management costs Analysis |
This year Last year Unrestricted funds Restricted income funds Endowment funds Total funds Total funds - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
| Total | - - - - - |
| Separate material item of expense | - - - - - - - - - - - - - - - |
| Total | - - - - - |
| Other Expenditure: | - - - - - - - - - - |
| Total | - - - - - |
| GRAND TOTAL EXPENDITURE | 5,470 - - 5,470 5,063 |
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AL-HIKMAH TRUST CHARITY REGISTRATION No. 1173270
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FINANCIAL STATEMENTS YEAR ENDED 31 December 2020
Note 5 TANGIBLE ASSETS
Plant,
Freehold Fixtures,
Other land machinery
Cost or valuation land & fittings and Total
& buildings and motor
buildings equipment
vehicles
SL or RB (Straight Line or
SL SL SL SL
Reducing Balance)
Rate (annual net book value) 2% 2% 15% 15%
£ £ £ £ £
- - -
At the beginning of the year 1,445 1,445
Additions - - - - -
Revaluations - - - - -
- - - - -
Disposals
Transfers - - - - -
- - -
At end of the year 1,445 1,445
Depreciation and Impairments
At start of the year 1 Jan - - - - -
Disposals - - - - -
Depreciation - - - 217 217
- - - - -
Impairment
Transfers - - - - -
At end of the year 31 Dec - - - 217 217
Net Book Value
Net book value at the beginning
- - -
1,445 1,445
of the year
Net book value at the end of the
- - -
1,228 1,228
year
Notes
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AL-HIKMAH TRUST CHARITY REGISTRATION No. 1173270
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FINANCIAL STATEMENTS YEAR ENDED 31 December 2020
Note 6 CREDITORS & ACCURALS
This year Last year
Analysis of creditors due in one Unrestricted Restricted Endowment
Total funds £
funds income funds funds
year
Insurance - - - - -
Wages and NIC 200 - - 200 250
Light and heat 150 - - 150 150
Accountancy and Book Keeping - - - - 120
- - - - -
Accruals for grants payable
Bank loans and overdrafts - - - - -
Trade creditors - - - - -
Accruals and deferred income - - - - -
Other creditors - - - - -
Total 350 - - 350 520
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