AL-HIKMAH TRUST CHARITY REGISTRATION No. 1173270 FINANCIAL STATEMENTS YEAR ENDED 31 December 2022 Page I
AL-HIKMAH TRUST
CHARITY REGISTRATION No. 1173270
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FINANCIAL STATEMENTS YEAR ENDED 31 December 2022
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 2022
Section A LEGAL AND ADMINISTRATIVE INFORMATION Organisation Legal Name: AL-HIKMAH TRUST Charity Registration No. 1173270 Accounting Period ending: 31 December 2022 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 2022
Section B MANAGEMENT COMMITTEE REPORT
The Trustees present their report and the financial statements for the year ended 31 December 2022
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 2022
Change &
This Year : Date Amount Last year Amount 2
Totals
Charitable Activities Income 31-Dec £3,564 prior year £3,564
The Chartable Expenditure 31-Dec £3,278 prior year £3,455 -5% ▼
Net income/(expenditure) 31-Dec £286 prior year £109 162% ▲
Net Balance this year 31-Dec £409 balance b/fw £464 -12% ▼
Fixed Assets (Property & Equipt.) 31-Dec £887 prior year £1,044 -15% ▼
Current Assets (Property & Equipt.) 31-Dec £1,114 prior year £1,094 2% ▲
Cost of Property at start of year 01-Jan £0 equipment £1,044
Net value Property at end of year 31-Dec £0 equipment £887 £887
Net value Prop. & Eqpt. at start of year 01-Jan £0 prior year £1,044 £1,044
OER (Operating Expense Ratio) 31-Dec 9% prior year 3% 6% ▲
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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 2022
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 3,564 - - 3,564 3,564
Charitable activities - - - - -
- - - -
Other trading activities
Investments - - - - -
- - - - -
Separate material item of income
Total 3,564 - - 3,564 3,564
EXPENDITURE
Expenditure on:
- - - -
Raising funds
Charitable activities 4 3,278 - - 3,278 3,455
- - - - -
Separate material expense item
Other - - - - -
Total 3,278 - - 3,278 3,455
Net income/ (expenditure) before tax 286 - - 286 109
for the reporting period
Tax payable - - - - -
286 - - 286 109
NET INCOME/(EXPENDITURE)
(after tax before investment
gains/(losses))
Net gains/(losses) on investments - - - - -
Net income/(expenditure) 286 - - 286 109
Extraordinary items - - - - -
Transfers between funds - - - - -
Other recognised gains/
(losses): - - - - -
fixed assets for the charity’s own
- - - - -
use
- - - - -
Other gains/(losses)
Net movement in funds 286 - - 286 109
Reconciliation of funds:
Total funds brought forward 123 - - 123 355
Total funds carried forward 409 - - 409 464
Notes
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AL-HIKMAH TRUST CHARITY REGISTRATION No. 1173270
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FINANCIAL STATEMENTS YEAR ENDED 31 December 2022
Section E BALANCE SHEET
Unrestricted Restricted Endowment
Total this year Total last year
funds income funds funds
£ £ £ £ £
FIXED ASSETS 5
Tangable Assets 887 - - 887 1,044
Intangible Assets - - - - -
- - - - -
Heritage Assets
- - - - -
Investments
Total fixed assets 887 - - 887 1,044
CURRENT ASSETS
- - - - -
Stocks
- - - - -
Debtors
- - - - -
Investments
- - - - -
Cash at bank
Cash in hand 350 - - 350 400
Total current assets 350 - - 350 400
Creditors: 6
amounts falling due within one 123 - - 123 350
Net current assets/(liabilities) 227 - - 227 50
Total assets less current
- -
1,114 1,114 1,094
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 2022
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 2022
Note 3 INCOME
Unrestricted Restricted Endowment
Analysis of income funds income funds funds Total funds Prior year
Donations and legacies: £ £ £ £ £
- -
Donations and gifts 3,564 3,564 3,564
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 3,564 - - 3,564 3,564
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 3,564 - - 3,564 3,564
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AL-HIKMAH TRUST CHARITY REGISTRATION No. 1173270
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FINANCIAL STATEMENTS YEAR ENDED 31/12/2022
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 - - - - -
- - - - -
Wages and NIC
Electricity 455 - - 455 345
Gas 236 - - 236 222
Water 120 - - 120 100
Repairs and Maintenance 365 - - 365 -
Accountancy and Book Keeping 120 - - 120 -
Books and Stationery 850 - - 850 956
Cleaning and Laundry 345 - - 345 1,250
Fire /Health & Safety 80 - - 80 -
Telephone 367 - - 367 365
Depreciation 184 - - 184 217
Sundry Expenses 156 - - 156 -
Total 3,278 - - 3,278 3,455
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 3,278 - - 3,278 3,455
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AL-HIKMAH TRUST CHARITY REGISTRATION No. 1173270
FINANCIAL STATEMENTS YEAR ENDED 31 December 2022
| … 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 | 3,278 - - 3,278 3,455 |
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AL-HIKMAH TRUST CHARITY REGISTRATION No. 1173270
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FINANCIAL STATEMENTS YEAR ENDED 31 December 2022
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 1,044 1,044
Additions - - - - -
Revaluations - - - - -
- - - - -
Disposals
Transfers - - - - -
- - -
At end of the year 1,044 1,044
Depreciation and Impairments
At start of the year 1 Jan - - - - -
Disposals - - - - -
Depreciation - - - 157 157
- - - - -
Impairment
Transfers - - - - -
At end of the year 31 Dec - - - 157 157
Net Book Value
Net book value at the beginning
- - -
1,044 1,044
of the year
Net book value at the end of the
- - - 887 887
year
Notes
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AL-HIKMAH TRUST CHARITY REGISTRATION No. 1173270
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FINANCIAL STATEMENTS YEAR ENDED 31 December 2022
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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