REGISTERED CHARITY f4uMBER: 1178455 oit of the Trustee5 and Unaudited FinanLial Statements for the Year Ended 31 Ma 2024 for Imam Hussein Chari Prc%ton Accountant% Limitcd. Chartered Certilied Accountants I crIt0 Prde Preston Road Wembley Middlesex HA9 8NE
Imam Hussein Chari Contents of the Financial Stateinents for the Year Endcd 31 Ma 2024 Page Report of the Trustees I to 2 Independent Examiner's RegK)rt Stat¢m¢nt of Financial Activiti¢s Balance Sheet Cash Flow Siaternent Notcs to thc Cash Flow Statcmcnt Notes to the Financial Statements 8 to 12 Detailed Stateiknent of Financial Activities 13 to 14
Imam Hussein Chari ort of the TTUStee5 for the Year Ended 31 Ma 2024 The mistees present their report with the financial staiemenls of the ¢hariry for the year ended I l May 2024. The tnjstees have adopted the piovisions of Accounting and Rewrting by Charities.. Statement of Recoinmeiided Practice applicable to charities PTcpaTing their accounts in accoTdance with the Financial Reporting Standard applicable in the UK and Republic of Treland (FRS 102) leffeciive l January 20191. OWLC"I"IVES AIND ACTIVITIES Objcctii'cs and aims Thc charity raiscs funds to provide financial aid in order to facilitate the empowern)ent of the deprived and under privileged people in the UK and beyond, where there is a great need for resources and financial support. The Charity also holds special events throughout the year to help raise funds for this good cause. uplifting u[eLy[]viIe8ed people from the very grass roots, thereby enabling them to become the future leaders who will lead Iheir communities towards economic, oLial. poliliLdl Ltnd reli¥iuus pfobptrily. Public bcncfit The ChaTity diligently WOTks to uplift and en]power the younger generation thTough innovative educational initiatives tailored to r¢sonatc with th¢m throu various m¢dia platfoms. FurtheTThore, the fi1ndl5]ng endeavouTS are dedicated to extendin¥ a helpin¥ hand to those in need, particularly war-afflicted individuals in Karbala, Southcrn Iraq. By %upplying c%scntial mcdicincs, hcalthcarc scrviccq, and othcr vital rc%ourcc%, thc aim is to alleviate poveny and fosier hope within these coinmunities. ACHIEVEMENT AND PERFORlANCE Charitable actiTr'ities The Charity ha% oncc again witnc%scd a rcmarkablc surgc in support, drawing in a growing numbcr of voluntccrs ycar aftcr ycar. Jn the curreni year. this trend continued with fervent parlicipaiion in special events aitned at funthaising for ongoing and upcoinii)gF charitable endeavour5. Oiller the preceding years, the chariry's iniiiative has encompassed a Inultitude of impactful projects and campaigns such as the Mi5bah Food Card initiatiN'e, Sadaqa box initiative, Orphan campaigns, FethelP tlie needy cainpaign, Rainadhan food baskeL cxtcnding c%scntial prOlS1on8 such aq food, cducation, and hcalthcarc to orphan% and marginalizcd mcrnbc of the community living below the poverty line. FINANCIAL REVIEW Fitlancial positio The charity rcgularly holds mccting8 to di%cu8% the accnunt8, ncw and cxi%ting dnnatinn rcquc8t8 and tn discll%s futurc nd-raiSIng events. The charity has worked hard this year in raising funds and the costs have been well Managed over this period. Reserves policy It is the policy of the Chthty to Tnaintain uniestricted fuiids so that it cali offer d fastet iesponse to new and existiii¥ chatitable causes, with a minimutn reserve for organising and setup costs. Special events are orgallised Iliroiighout the year lo raise funds for new and existing causes. STRUCTURE, GOvENANcE AND MANAGEMENT Governin2 doeument The charity is controlled by its governing document, a de£d of trust and Constit£S an unincory)orattd charity- REFERENCE AND AD1411NISTIL4TIVE DETAILS Registered Charity number 1178455 Page I
Imam Hussein Chari ort of the TTUStees for the Year Ended 31 Ma 2024 PrincipAI addres5 333 Edgware Road Colindale London NW9 6TD Trustees R Mohdineddli A Salah A J Ladak Independent ExAminer Murtaza Visrain Preston Accountant5 Limited. Chartcrcd Ccrtificd Accountant I Carlton Parade Preston Road Wcmblcy Middlesex HA98liE Approved by order of the board of trustees on 26 March 2025 and signed on its behalf by.. R Mohainedali - Tntee Page 2
Inde endent Examinevs Re Imam Hussein Charit on to the Twstees of Independent examiner's report to the trustees of Imam Hussein Charity repoit to tlie cliarity trustees on my examination of the accounts of InM Hussein Charity (the TSt) for the year ended 31 May 2024. Re5ponsibilitie5 and basis of report As the chariry trustees of the Trust you are resplinsible flir the preparation of the accounts in accordance with the requirements of the Cl)aiities Act 2011 I'the Act'l. I report in respect of my examination of the Trust's ac¢ounts carried out under Section 145 of the Act and in carrying out my xELlat10n I have folluwed all uppliLable Directivnb ¥iVtn by the Chklrity Conunissioii undtr S¢Ltion 145(5llb} vf the ALt. Independent cxamincr's sthtcment Since your charity's gr05s illcoTne exceeded £250.000 your examiner Tnust be a member of a listed body. I can confilyn that l a qualificd to undcrtakc th¢ ¢xamination kcaus¢ l am a mcmb¢r of thc Association of Chartcrcd Ccrtifi¢d Acctjuntants, h1¢h is onc of the listed bodies. I havc complctcd my cxamination. I confimi that no matcrial mattcT8 have cornc to my attcntion in conncction with the cxamination giving me cause to believe that in any material respect.. a¢coiinting rccords wcrc not k¢pt in rcspcct of thc Trust as rcquir¢d by Swtion 130 of th¢ Act; or the accounts do not accord ivith those records: or the account5 do not comply witli the applicable Tequirements concerning the fomi and content of accounts set out in the Charitics (Account% and Rcportsl Rcgulation8 2008 othcr than any rcquircmcnt that thc account% give a trnc and fair vicw which is not a matter Clinsidered as pari of an independent examination. I hav¢ no ¢onccrns and havc com¢ across no oth¢r mattcrs in conncction with thc cXamir[10n to which att¢ntion should b¢ drawn in this report in order to enable a proper understanding of the accounts to be reached. Murtaza Visram The Association of Chartered Certified Accountants Preston ALcountants Limited. Chartered Certified Accollntants I Carlton Parade Preston Road Wembley Middl¢s¢x HA9 8NE 26 Mawh 2025 Page 3
Imam Hussein Chari Statement of Financial Activitie5 for the Year Ended 31 Ma 2024 31.5.24 Unrestricted fund 31.5.23 Total funds Notes INCOMF. AND F.NDOWMENTS FROM Donations and legFacies 615,160 567,007 IneSTMenT inLome 28 Total 615,188 567,(X)7 EXPENDITURE ON Raisin¥F fund5 402,727 374,546 Othet 105.897 154,499 Total 508.624 529,045 NET INCOME 106,564 37,962 RECONCILIATIOJ OF FUNDS Total funds brought fonvard 37,962 TOTAL FUiYDS CARRIED FORWARD 144,526 37,962 Thc notcs forni part of thcs¢ financial st31cmcnts Page 4
Imam Hussein Chari Balance Sheet 31Ma 2024 31.5.24 Unrestricted fund 31.5.23 Total funds Notes FIXF.D ASSF.TS TlTible assets 27.404 36,089 CURRENT ASSETS Dcbtors Cash at bank 10 13,200 104,122 8,395 117,322 8,395 CREDITORS Amounts falling duc within onc y&qr (200) (6,522) NET CURREliT ASSETS 117,122 ,873 TOTAL ASSETS LESS CURRENT LIABILITIES 144.526 37,962 NET ASSETS 144.526 37,962 12 Unrestricted funds 144,526 37,962 TOTAL FUNDS 144,526 37,962 The linancial statements were approved by the Board of Trustees and authorised for issue on 26 March 2025 and w'ere signed on its bchalf by.. R Mohamedali - Trustec Thc notcs forni part of thcsc financial statcmcnts Page 5
Imam Hussein Chari Cash Flow Statement for the Year Ended 31 Ma 2024 31.5.24 31.5.23 Notes Cash flo.5 from operating actiTritie$ Cash generated from operations 96.149 56.647 N¢t cash providcd by opcrating activitics 96,149 56,647 Cash flom's from investing activities PuiLlidse Of't£¥1ble fixed dbbets Interest receip'ed (4501 28 (48,2521 Net Lath used in investing £tiVitie (4221 {48.2521 Change in ¢a5h cash equivalents in the reporting perlod Cash and cash equivalents at the beginning Ibf the reportin% period 95,727 8,395 8,395 Cash and cash equlvalents at the end of the reporting period 104,122 8,395 The notes fomi part of these financial Statements Page 6
Imam Hussein Chari Notes to the Cash Flow Statement for the Year Ended 31 Ma 2024 RECONCILIATION OF f4ET INCOME TO f+JET CASH FLOW FROM OPEIL4TING ACTIVITIES 31.5.24 31.5.23 Net income for the reporting period {as per the Statement of Financial Activitieb) Adjustments for: DepreLiatioii Lliai"¥es Interest received Increase in debtors (Decreaseyincrease in creditors 106,564 37,962 9.135 (28) {13,2001 (6,3221 12,163 6,522 Net cash prOded by operatlons 96,149 56,647 ANALY.SIS OF CHANGES IN NET FUNDS At 1.6.23 Cash Ilvw At31.5.24 Net cash Cash at bank 8,395 95,727 104,122 8,395 95.727 104.122 Total 8,395 95.727 104,122 The notes fomi part of these financial Statements Page 7
Imam Hussein Chari Notes to the Financial Statements for the Year Ended 31 Ma 2024 ACCOUNTING POLICIES Basis of preparing the fiaclaI statement5 The financial statements of the charity, which is a public benefit entity under FRS 102, hape been prepared in accordance with the Charities SORP IFRS 1021 'AcLouiiting and Reporting by Charities.. Statenieiit of Recoinnieiided Practice applicable to charitie% preparing their account% in accordance with the Financial Reporting Stsndard applicable in the UK and Republi¢ of Ireland IFRS 102) leffeciive l January 2019}', Financial ReLX)rting Standard 102 'The Financial Reporting st(d[d dppliLdblt in tht UK Republic vf IrEl(d. the Charities Act 2011. The finanLial btattments. hilvt been prcpared under the historical cost convention. Intome All in¢omc is r¢cogniscd in th¢ Statcmcnt of Financial Activiti¢5 oncc th¢ charity has cntitl¢mcnt to th¢ funds, it is probabl¢ that the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expeiidituie as soon as there is a legal or consttuctiTre obligation Committing the charity to that expendltLe, it is probable that a transfer of economic benefits will be required in %ettlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under heddingF5 that d¥yre¥(Ite a]1 Lust relted to the LdtegFury. whe Lobts. LLU]not be direLtly atttibuted to particular headin¥s they have been allocattd to activities on a basis consistent with the llse 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. T4Yation The charity is exempt from tax on its chaTitable activities. Fund geeounting Unrestricted fLJnd5 can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for partiLular restricted purposes within the objects of the charity. Restrictions arise when specified by tlie dot]or or when fui)d5 are raised for particular restricted PUTposes. Further explanaiion of the nature and purwse ol'each fund is included in the notes to the financial statements. DONATIONS AND LEGACIES 31.5.24 31.5.23 Donations Gift did 615.160 483.668 83,339 615.160 567.007 Page 8 totttinued...
Imam Hussein Chari Notes to the Financial Statements- continued for the Year Ended 31 Ma 2024 INVESTMENT INCOME 31.5.24 31.5.23 D¢posit account int¢r¢st 28 RAISING FUTrIDS Raising donations and legacie5 31.5.24 31.5.23 Donations Support ¢osis 384,729 17,998 287,344 87,202 402,727 374,546 SUPPORT COSTS Finthce Other Other 2 OtheT 3 Totals Raising donations and legabies Othei" iesouFeeg expended 17.998 18,968 17.998 46,170 2,449 2,793 21,960 2,449 2,793 21,960 64.168 TRLSTEES, REMUNERATION AND BENEFrrs There were no trustees, remuneration or other benefits for the year ended 31 May 2024 nor for the year ended 31 May 2023. Trustees, expenses There were no trLL%tees' expense% paid for the year ended 31 May 2024 nor for the y&qr ended 31 May 2023. STAFF COSTS 31.5.24 31.5.23 Wage5 and salarie5 16.669 7,851 16,669 7,851 The average monthly num[ of employees during the ytrai was as follows.. 31.5.24 31.5.23 FIn)ce ofticer No employeeb received emolumenls in excess of £60.000. Page 9 totttinued...
Imam Hussein Chari Notes to the Financial Statements- continued for the Year Ended 31 Ma 2024 COMPARATIVES FOR THE STATEfvIENT OF FINANCIAL ACTIVITIES Unresl¢led fund INCOlE AND ENDOWTrtENTS FROM Donation% and legacie 567,007 EXPENDITURE ON Raising funds 374.546 Oiher 154.499 Totsl 529.045 NET INCOME 37,962 TOTAL FUNDS CARRIED FORWARD 37.962 TANGIBLE FIXED ASSETS )mputcr equipment At l Jui)e 2023 Additions 48,252 450 At 31 May 2024 48.702 DEPRECIATION At l June 2023 Chargc for ycar 12,163 9,135 At 31 May 2024 21,298 NET BOOK VALUE At 31 May 2024 27,404 At 31 May 2023 36.089 Page 10 tot)tinued...
Imam Hussein Chari Notes to the Financial Ststements- continued for the Year Ended 31 Ma 2024 io. DEBTORS: AIIOUNTS FALLING DUE WITHIN ONE YEAR 31.5.24 31.5.23 Oth¢r d¢btors 13,200 CREDITORS: AMOUNTS FALLING DUE W'ITHIN ONE YEAR 31.5.24 31.5.23 Other creditors 200 6,522 12. MOVEMENT IN FUNDS Net tnovcment in funds At 31.5.24 At 1.6.23 Unrestricted funds Gle[al tund 37.962 106,564 144,526 TOTAL FUNDS 37,962 106,564 144,526 Net movement in fund5. included in the above are a5 follows.. Incoming resouices Resources expended Movemenl in funds Unrestt4eted funds Gcncral nd 615,188 (508,624) 106,564 TOTAL FUNDS 615,188 (508,624) 106,564 Comparatives for movement in funds Net InoveTntnt in funds At 31.5.23 UNre5trieted funds Gcncral nd 37,962 37.962 TOTAL FUNDS 37.962 37.962 Pagell cot)tinued...
Imam Hussein Chari Notes to the Financial Statements- continued for the Year Ended 31 Ma 2024 12. MOVEMENT IIN FUNDS- continued CompaTative net movement in funds, included in the aLve are as follows.. Incoming resources Resources expended Moi'emenl iii fund5 Unre5trietcd funds Gcncral nd 567,007 (529,045) 37,962 TOTAL FUNDS 567,007 (529,045) 37,962 A ellent ycar 12 months and prior year 12 Month% combincd po.%ition 1% a8 follows.. Net tnovcmcnt in funds At 31.5.24 At 1.6.22 Unrestricted funds Geiieidl fund 144,526 144,526 TOTAL FUNDS 144,526 144,526 A cU£t year 12 Inonths and prior year 12 Tnonths COTnbined net movement in funds, included in the above are as follows.. Incoming resoiirces Resources expended Moi'ement in funds Unrestricted funds General nd 1,182,195 (1,037,669) 144,526 TOTAL FUNDS 1,182,195 (1,037,669) IL14,526 13. RELATED PARTY DISCLOSURES During the year, there were transfers of funds between Iinam Hussein Charity and Imam Hussein Al Media Group, both of which are considered relaied parties. As at 31 st May 2024. Ihe charity had an outstanding balance receivable of £13,2(X) froin bnan Hussein Al Media Group. Page 12
Imam Hussein Chari Detailed Statement of Financial Activities for the Year Ended 31 Ma 2024 31.5.24 31.5.23 INCOME AND ENDOWMENTS Donatlons #nd legaeles Donations Gift aid 615,160 483,668 615,160 567,007 Investment income D¢posit account intcrcst 28 Total ineomiNg resources 615,188 567,007 EXPENDITURE Raising donations aThd legacies Donations 384,729 287,344 Other Wages Warehouse rent 10,669 43,058 7,851 62,556 59.727 70,407 Support costs Finance Bank charges 2.449 1.885 Information technology Website costs 5,267 Other Rates and water Professional fees 2,793 2,668 11,465 2,793 14,133 Other 2 Insuranc¢ Advenising & marketing Teleplione & iiitemet char¥e5 Equipment hire Accounrancy fees 465 17,428 2,867 819 15,510 2,866 9,173 1.200 21,960 29,208 This page does not forni part of the statutory financial statements Page 13
Imam Hussein Chari Detailed Statement of Financial Activities for the Year Ended 31 Ma 2024 31.5.24 31.5.23 Other 2 Other 3 Ramadhan sponsorship Fundiaisiiig PruTnotions Postage and stationery Sundries MdndSTeiiient Lhar¥e Computer equipment 4.000 13,998 7,097 2.736 59,709 27,493 6,974 1.162 13,300 12,163 9,135 36,966 120,801 Total resources expended 508,624 529,045 Net income 106,564 37,962 This page does not forni part of the statutory financial statements Page 14