AL-HIKMAH TRUST CHARITY REGISTRATION No. 1173270 FINANCIAL STATEMENTS YEAR ENDED 31 December 2021 Page I ## **AL-HIKMAH TRUST** ## **CHARITY REGISTRATION No. 1173270** **----- Start of picture text -----**
FINANCIAL STATEMENTS YEAR ENDED 31 December 2021
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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Page 2 ## **AL-HIKMAH TRUST CHARITY REGISTRATION No. 1173270** **FINANCIAL STATEMENTS YEAR ENDED 31 December 2021** **Section A LEGAL AND ADMINISTRATIVE INFORMATION** Organisation Legal Name: AL-HIKMAH TRUST Charity Registration No. 1173270 Accounting Period ending: 31 December 2021 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: Page 3 ## **AL-HIKMAH TRUST CHARITY REGISTRATION No. 1173270** **FINANCIAL STATEMENTS YEAR ENDED 31 December 2021** **Section B MANAGEMENT COMMITTEE REPORT** The Trustees present their report and the financial statements for the year ended 31 December 2021 ## **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. **----- Start of picture text -----**
Financial statement executive summary ending 31 December 2021
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 £3,455 prior year £5,470 -37% ▼
Net income/(expenditure) 31-Dec £2,112 prior year £97 2077% ▲
Net Balance this year 31-Dec £2,467 balance b/fw £653 278% ▲
Fixed Assets (Property & Equipt.) 31-Dec £1,044 prior year £1,228 -15% ▼
Current Assets (Property & Equipt.) 31-Dec £1,321 prior year £1,233 7% ▲
Cost of Property at start of year 01-Jan £0 equipment £1,228
Net value Property at end of year 31-Dec £0 equipment £1,044 £1,044
Net value Prop. & Eqpt. at start of year 01-Jan £0 prior year £1,228 £1,228
OER (Operating Expense Ratio) 31-Dec 61% prior year 2% 59% ▲
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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. Page 4 ## **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 Page 5 ## **AL-HIKMAH TRUST CHARITY REGISTRATION No. 1173270** **----- Start of picture text -----**
FINANCIAL STATEMENTS YEAR ENDED 31 December 2021
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 3,455 - - 3,455 5,470
- - - - -
Separate material expense item
Other - - - - -
Total 3,455 - - 3,455 5,470
Net income/ (expenditure) before tax 2,112 - - 2,112 97
for the reporting period
Tax payable - - - - -
2,112 - - 2,112 97
NET INCOME/(EXPENDITURE)
(after tax before investment
gains/(losses))
Net gains/(losses) on investments - - - - -
Net income/(expenditure) 2,112 - - 2,112 97
Extraordinary items - - - - -
Transfers between funds - - - - -
Other recognised gains/
(losses): - - - - -
fixed assets for the charity’s own
- - - - -
use
- - - - -
Other gains/(losses)
Net movement in funds 2,112 - - 2,112 97
Reconciliation of funds:
Total funds brought forward 355 - - 355 556
Total funds carried forward 2,467 - - 2,467 653
Notes
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Page 6 ## **AL-HIKMAH TRUST CHARITY REGISTRATION No. 1173270** **----- Start of picture text -----**
FINANCIAL STATEMENTS YEAR ENDED 31 December 2021
Section E BALANCE SHEET
Unrestricted Restricted Endowment
Total this year Total last year
funds income funds funds
£ £ £ £ £
FIXED ASSETS 5
- -
Tangable Assets 1,044 1,044 1,228
Intangible Assets - - - - -
- - - - -
Heritage Assets
- - - - -
Investments
- -
Total fixed assets 1,044 1,044 1,228
CURRENT ASSETS
- - - - -
Stocks
- - - - -
Debtors
- - - - -
Investments
- - - - -
Cash at bank
Cash in hand 400 - - 400 355
Total current assets 400 - - 400 355
Creditors: 6
amounts falling due within one 123 - - 123 350
Net current assets/(liabilities) 277 - - 277 5
Total assets less current
- -
1,321 1,321 1,233
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 Page 7 # **AL-HIKMAH TRUST CHARITY REGISTRATION No. 1173270** ## **FINANCIAL STATEMENTS** **YEAR ENDED** **31 December 2021** ## **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. Page 8 ## **AL-HIKMAH TRUST CHARITY REGISTRATION No. 1173270** **----- Start of picture text -----**
FINANCIAL STATEMENTS YEAR ENDED 31 December 2021
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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Page 9 ## **AL-HIKMAH TRUST CHARITY REGISTRATION No. 1173270** **----- Start of picture text -----**
FINANCIAL STATEMENTS YEAR ENDED 31/12/2021
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
- - - -
Wages and NIC 1,500
Electricity 345 - - 345 400
Gas 222 - - 222 223
Water 100 - - 100 100
Repairs and Maintenance - - - - 200
Accountancy and Book Keeping - - - - 120
Books and Stationery 956 - - 956 1,346
Cleaning and Laundry 1,250 - - 1,250 356
Fire /Health & Safety - - - - 60
Telephone 365 - - 365 360
Depreciation 217 - - 217 255
Sundry Expenses - - - - 250
Total 3,455 - - 3,455 5,470
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 3,455 - - 3,455 5,470
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Page 10 ## **AL-HIKMAH TRUST CHARITY REGISTRATION No. 1173270** ## **FINANCIAL STATEMENTS YEAR ENDED 31 December 2021** |**… 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**|**3,455**
**-**
**-**
**3,455**
**5,470**| Page 11 ## **AL-HIKMAH TRUST CHARITY REGISTRATION No. 1173270** **----- Start of picture text -----**
FINANCIAL STATEMENTS YEAR ENDED 31 December 2021
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 1,228 1,228
Additions - - - - -
Revaluations - - - - -
- - - - -
Disposals
Transfers - - - - -
- - -
At end of the year 1,228 1,228
Depreciation and Impairments
At start of the year 1 Jan - - - - -
Disposals - - - - -
Depreciation - - - 184 184
- - - - -
Impairment
Transfers - - - - -
At end of the year 31 Dec - - - 184 184
Net Book Value
Net book value at the beginning
- - -
1,228 1,228
of the year
Net book value at the end of the
- - -
1,044 1,044
year
Notes
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Page 12 ## **AL-HIKMAH TRUST CHARITY REGISTRATION No. 1173270** **----- Start of picture text -----**
FINANCIAL STATEMENTS YEAR ENDED 31 December 2021
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
Light and heat 123 - - 123 150
- - - - -
Accountancy and Book Keeping
- - - - -
Accruals for grants payable
Bank loans and overdrafts - - - - -
Trade creditors - - - - -
Accruals and deferred income - - - - -
Other creditors - - - - -
Total 123 - - 123 350
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