Charity registration number 1180288 Company rgglstratlon number 11315334 IEngland and Wales) HAAYA FOUNDATION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023
HAAYA FOUNDATION LEGAL AND ADMINISTRATIVE INFORMATION Trustees S Miah - Trustee and Director P Safdar- Trustee and Director S Minhas- Trustee and Director H Khan - Trustee and Director M Kalam - Trustee and Director M Hamid - Trustee and Director Charty number 1180288 Company number 11315334 Reglstered offlce Hanworth Road Hounslow England TW3 1UA Independent examiner AGP Consulting Q Vvesl Great West Road Brenlford TW8 OGP
HAAYA FOUNDATION CONTENTS Page Report Independent examinerfs report statement of financial activities Statement of financial position Notes lo the financial ststemenls 8-17
HAAYA FOUNDATION REPORT IINCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 30 SEPTEMBER 2023 The trustees present their annual report and financial statements for the year ended 30 September 2023. The financial slalements have been prepared in accordance with the accounting policies sel out in note 2 to the financial statements and comply with the charity's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities". Statement of Recommended Practi applicable lo charities preparing their accoun15 in accordance with the Financial Reporting Standard applicable in the UK and Republic of Irelantl IFRS 1021 (effective 1 January 20191 Objectives and activities Haaya Foundation's aim is to presetve the essence of the Islamic faith by empowering Muslims lo achieve a full potential in their spiritual, educational, physical, socio-economic and cultural aspirations. 11 will act as an interchange, aiming to inspire Muslims to play a positive and pivotal role in the community and wder Brrtish society. Haaya Foundation will advance the Islamic faith through the holding of prayer meetings, establishment of religious places, produclionldislribution of Islamic lileralurelsl, youth work, welfare projects, education and community engagement, to foster meaningftjl Civic relations and lo empower attendees of all genders in be¢oming positive and producty've British citizens. Haaya Foundation is a focused and socially responsible charity, which endeavours to contribute through its humanitarian work to present a positive image of Islam & Muslims in the UK and across the worfd, by providing grants and services to individuals in need and or charities, or other organisalions working to allevi8le povety. The Charty currently has 7 trustees and over 20 volunteers who manage the day lo day of the Activities. Saturda Islamic School & Evenin Madrassa Education remains at the forefront of this mission. For both male and female. young and old we aim to establish classes for Quran. Arabic, Fiqh and many of the Islamic sciences. Special attention will be given to those new to the faith and those who riSh to renew their commitment to Islam and learning. New Musllm Clrcle This was launched to provide a welcoming, friendly family environment for new Muslims to leam about their new way of life in a way that caters for their individual background and level of experien. Topics include the method of prayer, Arabic phrases elc. New Muslims face unique challenges whereby their environment remains the same while their intemal world has been revolulionised. There can be lapses in focus or confidence, which is why support and education is required. A Revert's Winter Luncheon was held as a celebration and social event for our members. Frida Hala ah A Weekly Friday Halaqah has been run al the masjid since we opened our doors. The aim of the halaqah has been lo provide a platform for people of all ages and backgrounds lo understand more about Islamic topics and lo be given an opportunity lo ask questions. This was also a way for the community to meet other people as they became regular attendees, to mingle and catch up while enjoying light refreshments together.
HAAYA FOUNDATION REPORT IINCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023 YOUTH ACTIVITIES Frida Youth Hub We welcome the Youth every Friday in our hall, where they can play pool, table tennis, Playststion, and meet up with friends. °The Night is Young. was a special sleepover lo help children to boost their iman, make new friends and lo have fun. 'Fajr Knights" was a community engagement programme over the course of 2 weeks, to encourage and motivate the Fajr prayer for our children. 'Be Like Muhammad. Series was held over a period of 16 weeks lo teach children about the seerah of our Prophet Muhammad Isasl Mother&Chlld Grou Relaunch Mother and Child group relaunched after a hiatus of many years. It was a blissfully SLJccessful summer scheme with a range of trips including those to Kew Gardens and London Zoo, theatre trips and planned adivities in Royal Parks and Hampton Court Palace. The group has grown to over 50 mothers and since January activities expanded lo a weekly forest school in partnership with Chiswck House. There was a book reading event at HMC, and there are many other projects in the pipeline such as a women's only swimming, and a legal clinic and mediation service. Boxln & Fltness club This was first launched on our Community Open Evening and Barbecue Event. A professional teacher has since been training and motivating our youth in this art of self-defence and physical exercise. Unlock the Football Tournaments This has been a huge success, as an inter-masjid competition of 2 league of boys of ages 14-16, and 16 or above. Organised between West London Islamic Centre, Ealing Masjid and Hounslow Muslim Cenlre. the toumamenl set against each other 5-a-side teams to battle it out as champions. Achievements and porfomianc In a short space of time HMC has established a positive standing in the community. Wth its enlhusiaslic and dedicated band of volunteers and project leads, HMC has continued lo grow, offering a wide range of activities and services Financial revlew The results for the Period are sel on page 4. 11 is the Policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained al a level equivalent to between three and six month's expenditure. The trustees considers that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able lo continue the charity's curn1 activrties while consideration Is given to ways in which additional funds may be raised. This level of resetves has been maintained throughout the year. The trustees has assessed the major risks lo which the charity is exposed, and are satisfied that systems are in place to mitigate exposure lo the major risks. The main risk is the shortfall in funding. Ml the funding's are from donations and interest free loans. The Trustees continue to secLJre further donations to cover the fLJture operating cost of the mosque.
HAAYA FOUNDATION REPORT IINCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023 structure. governance and management The charity is a company limited by guarantee. The Charity is governed by V(s Memorandum and Articles of Association and managed by a board of Trustees. The Iruslees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were.. S Miah- Trustee and Director P Safdar- Trustee and Director S Minhas- Trustee and Director H Khan - Trustee and Director M Kalam - Trustee and Director M Hamid - Trustee and Director T khan - Ttuslee (Resigned 30 September 20231 The trustees are not remunerated for their servi5 lo the charity. None of the Iru51ee5 has any beneficial interest In the company. All of the ttuslees are members of the company and guarantee lo contribute £1 in the event of a winding up. All adminislralive tasks were carried out by the trustees, who are also the key management personnel of the charity. The trustees are not remunerated for their services lo the charity. The report was approved by the Board of Trustees. S Mlnhas - Trustee and Dlrector Trustee Dated.. 28 June 2024
HAAYA FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2023 Unrestrlcted Restrlcted funds funds 2023 2023 Total Unrestrlcted Restrlcted funds fund$ 2022 2022 Total 2023 2022 Notes Income from: Donations and legacies Investments 328,807 32,046 {26,0951 302,512 32,046 322,817 27,644 14,447 337,264 27,644 Totsl income 360,853 {26,0951 334,558 350,461 14,447 364,908 Expendlturg on: Raising funds Charitable activities other expenditure 3,010 4,214 3,010 90,465 10,781 6,780 66,096 10,923 6,780 75,934 10,923 86,251 10,781 9,838 11 Totsl expendlture 97,032 7,224 104,256 83.799 9,838 93,637 Net incomellexpenditurel and movement In funds 263,621 133,3191 230,302 266,662 4,609 271,271 Reconciliation of funds- Fund balances al 1 October 2022 681,555 524,538 1,206,093 414,893 519,929 934,822 Fund balances at 30 Septembgr 2023 945,176 491,219 1.436.395 681.555 524,538 1,206.093 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing aclivilies.
HAAYA FOUNDATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HAAYA FOUNDATION I report lo the Iruslees on my examination of the financial stslemenls of Haaya Foundation (the charilyl for the year ended 30 September 2023. Responsibilities and basis of report As the trustees of the charity land also ils directors for the purposes of company lawl you are responsible for the preparation of the financial stslemenls in accordance with the requirements of the Companies Act 2006 (the 2006 Act). Having satisfied myself that the financial statements of the ¢harily are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of my examination of the charity's financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515llbl of the 2011 Act. Independent examinerfs ststement Since the charity's gr055 income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confim that l am qualified lo undertakè the examination because l am a member of the Inslilule of Chartered Accounlanls in England and Wales, which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection wfth the examination giving me cause lo believe that in any material respect". accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act., or the financial slalements do not accord with those records., or the financial stslemenls do not comply with the ac¢ounling requirements of section 396 of the 2006 Act other than any requirement that the aOnIS give a true and fair view which is not a matter wnsidered as part of an independent examination., or the financial 5talemenls have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. I have no concerns and have come across no other matters in connection with the examination lo which attention should be drawn in this report in order lo enable a proper understanding of the financial slalements lo be reached. FaroqueAhmed BAIHonsl, FCA, BFP AGP Consulting Chartered A¢counlanls Q West Great Wesl Road Brentford TW8 OGP Dated.. 28 June 2024
HAAYA FOUNDATION STATEMENT OF FINANCIAL POSITION AS AT 30 SEPTEMBER 2023 2023 2022 Notes Fixed assets Tangible assets Investment property 13 14 933,908 833,985 935,162 415.000 1,767,893 1,350,162 Currgnt assets Debtors Cash at bank and in hand 15 243 30,060 87,651 30,303 87,651 Creditors: amounts falling due within one year 16 {19,0841 112,0091 Net current assets 11,219 75,642 Totsl assets less current Ilabllltles 1,779,112 1,425,804 Creditots- amounts falling due after more than one year 17 1342,7171 1219,7111 Net assets excluding pension liability 1,436,395 1,206,093 Net assets 1,436,395 1,206,093 The funds of th& charlty Restricted income funds Unrestricted funds 18 491,219 945,176 524,538 681,555 1,436,395 1,206,093 The company is enlilled to the exemption from the audit requirement contsined in section 477 of the Companies Act 2006. for the year ended 30 September 2023. The directors ad<nowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect lo accounting records and the preparation of financial ststemenls. The members have not required the company lo obtain an audit of ils financial statements for the year in question in accordance with section 476. These financial stslemenls have been ppared in accordance with the provisions applicable to companies subject to the small companies regime.
HAAYA FOUNDATION STATEMENT OF FINANCIAL POSITION {CONTINUED) AS AT 30 SEPTEMBER 2023 The financial stslemenls were approved by the Iruslees on 28 June 2024 S Minhas- Trustee and Director Trustee Company registration number 11315334 {England and Vvalesl
HAAYA FOUNDATION STATEMENT OF FINANCIAL POSITION {CONTINUED) AS AT 30 SEPTEMBER 2023 Critical accounting estimates and judgements In the application of the charity's accounting Policies, the Iruslees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The eslimales and associated assumptions are based on historical experience and other factors that are considered lo be relevant. Actual resu115 Tnay differ from these eslimales. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting eslimales are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and ftjture periods where the revision affects both current and future periods. A¢¢ounllng poll¢le$ Charlty Infomiatlon Haaya Foundation is a private company limited by guarantee incorporated in England and INales. The re9lStered office is 46, Hanworth Road, Hounslow, TW3 1 UA, England. 2.1 Accounting convention The financial slalements have been prepared in accordance with the charity's Igoverning documenll, the Companies Act 2006, FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland I'FRS 102,1 and the Charities SORP "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in a¢cordance wrth the Financial Reporting Slandard applicable in the UK and Republic of Ireland IFRS 1021 leffective 1 January 20191. The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows. The financial statements have been prepared under the historical cost convention, Imodified lo include the revaluation of freehold properties and lo include investment properties and certain financial Instruments at fair valuel. The principal accounting policies adopted are sel out below. 2.2 Going concern Al the lime of approving the financial stslemenls, the trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial ststements. 2.3 Charitable funds Unrestricted funds are available for use al the discretion of the trustees in furtherance of their charitable objectives. Restricted funds are subject to specific condits'ons by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial slalements. 2.4 Income Income is recognised when the charity is legally entided to it after any Performan conditions have been mel, the amounts can be measured reliably. and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless perfomance conditions require defetral of the amount. Income tsx recoverable In relation to donations received under GiftAid or deeds of covenant is recognised at the lime of the donation.
HAAYA FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 Accountlng pollcles Icontlnuedl Legacies are recognised on receipt or otherwise if the charity has been notified of an impending dislribulion, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. 2.5 Expenditure A liability is recognised when either a legal or constructive obligation is identified. Irrecoverable VAT is classified in the same way as the transaction to which il relates. Cost of generating funds are those incurred in attracting voluntary income, in particular donations and the cost of maintsining the charity's profile within the sector. Cost$ relating to the running of the mosque are those directly incurred in performing these a¢tivf(ies. Governance costs include those costs incurred in the govemance of the charity's assets and are primarily assoaated rith constitution and statutory requirements. Support costs comprises cost Incurred directly in support of expenditure on the objects of the charity and allocated lo the appropriate charity aclivilies, 2.6 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, nel of depreciation and any impaimient losses. Depreciation is recognised so as lo write off the cost or valuation of assets less their residual values over their useful lives on the following bases". Freehold land and buildings Fixtures and fittings Computers No depreciation 33% - straight line 330A - straight line No depreciation is provided in respect of the charity's freehold propety. This is due to the fact that the expected useful life of the propety is very long and the charity have a policy of a regular maintenance and repair, this cost is written off in the accounts as and when they are incurred so the property is maintained al high standard, because of this, the trustees consider that the eslimaled residual value of the propety is not materially different from ils carrying value and as such any resulting depreciation charge would be immaleiial and it is therefo not provided. The gain or loss arising on the disposal of an asset is determined as the differen beeen the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. 2.7 Investment properties Investment property, which is propety held lo eam rentals andlor for capitsl appreciation, is initially recognised at cost, which indudes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is renised in profit or loss. 2.8 Impairment of fixed assets Al each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any SLJ¢h indication exists, the recoverable amount of the asset is eslimaled in order to determine the extent of the impairment loss lif any).
HAAYA FOUNDATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 30 SEPTEMBER 2023 Accountlng pollcles Icontlnuedl 2.9 Cash and cash equlvalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-temi liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown thin borrowngs in current Iiabililies. 2.10 Financial instruments The charity has elected lo apply the provisions of Section 11 'Basic Financial Instruments, and Sedion 12 'Olher Financial Instruments Issues, of FRS 102 to all of ils financial inslrumenls. Financial instruments are recognised in the charity's balan sheet when the charity becomes party to the ntractual provisions of the instrLJmenl. Financial assets and liabilities are offset, wf(h the net amounts presented in the financial stslemenls, when there is a legally enforceable right lo sel off the recognised amounts and there is an intention lo settle on nel basis or to realise the a55el and sellle thè liability simultaneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction pri including transaction costs and are subsequently carried al amortised cost using the effective interest method unless the arrangement constilules a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Basic financial liabilities Basic finanual Iiabililies, Including creditors and bank loans are initially recognised al transath.on price unless the arrangement constitutes a financing transaction, where the debt instrumènt is measured al the present value of the future payments discounted at a market rale of interest. Financial liabilities dassified as payable thin one year are not amortised. Debt instruments are subsequenuy carried al amortised cost. using the effective interest rale method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-currenl liabilities. Trade creditors are recognised initially at transaction price and subsequendy measured al amortised cost using the effective interest method. Derecognition of financial liabilitigs Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled. Income from donatlons and legacles Unrestricted Restricted funds funds 2023 2023 Total Unrestricted Restricted funds funds 2022 2022 Total 2023 2022 Donations and ghls 328,607 126,0951 302,512 322,817 14,447 337,264 10-
HAAYA FOUNDATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 30 SEPTEMBER 2023 Income from investments Unrestricted Unrestricted funds funds 2023 2022 Rentsl income Interest receivable 31,508 538 27,634 10 32,046 27,644 Expendlture on ralslng funds Unrestricted Restricted fund$ funds 2023 2023 Total Unrestricted Restricted funds fund$ 2022 2022 Total 2023 2022 Fundraising and publicty Cost of raising funds (venue hire, speakers, advertising etcl 3,010 3,010 6,780 6,780
HAAYA FOUNDATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 30 SEPTEMBER 2023 Charitable activitie5 Running of Running of the Mosque the Mosque 2023 2022 Stsff costs Depreciation and impaimienl Consultsncy Repairs and maintenance Legal and professional Light and heal Postage Insurance servi cost on Qard Hasana Iftar 17,001 1,256 1,291 3,393 26,728 9,213 10,866 1,509 8,199 2,821 7,462 6,919 121 2,322 9,838 9,074 2,402 4.214 9,947 75,445 59,131 Share of support costs (see note 71 Share of governance costs (see note 71 10,220 4.800 12,003 4,800 90,465 75,934 Analysis by fund Unrestricted funds Restricted funds 86,251 4,214 66,096 9,838 90,465 75,934 For the year ended 30 September 2022 Unrestricted funds Restricted funds 66,096 9,838 75,934 12-
HAAYA FOUNDATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 30 SEPTEMBER 2023 Support costs allocated to activities Running of Mosque 2023 Total 2022 Bank Charges Printing, stslionary and advertising IT related expenses General expenses Telephone & Internet Governance 1,526 4,552 823 2,269 1,050 4,800 2,121 5,570 2,117 1,153 1,042 4,800 15,020 16,803 2023 2022 Governance costs comprise.. Audit fees Accountancy 1,800 3,000 1,800 3,000 4,800 4,800 Net movement in funds 2023 2022 The nel movement in funds is slated after chargingllcredits"ngl'. Fees payable for the independent examination of the charity's financial slalements Depreciation of owned tangible fixed assets 1,800 1,256 1,800 1,509 Trustees None of the trustees lor any persons connected with them) received any remuneration or benefits from the ¢harily during the year. 10 Employees The average monthly number of employees during the year was.. 2023 Number 2022 Number 13-
HAAYA FOUNDATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 30 SEPTEMBER 2023 10 Employees Icontlnuedl Employment costs 2023 2022 Wages and salaries Other pension costs 16,889 112 10,640 226 17,001 10,866 There were no employees whose annual remuneration was more than £60,000. Remuneration of key management personnel The remuneration of key management personnel was as follows". 11 Other Unrestricted Unrestricted funds funds 2023 2022 Expenses relating to investment property 10,781 10,923 10,781 10,923 12 Taxation The charity is exempt from laxalion on Its activities because all Ils Income is applied for charitable purposes. 14-
HAAYA FOUNDATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 30 SEPTEMBER 2023 13 Tangible fixed assets Freehold land Fixtures and and buildings fitting5 Computsrs Total Cost Al 1 Ortober 2022 933,113 5.067 3,002 941,182 AI 30 September 2023 933,113 5.067 3,002 941,182 Depr&¢latlon and Impalrment Al 1 October 2022 Depreaalion charged in the year 4,441 265 1,577 991 6,018 1,256 AI 30 September 2023 4.706 2,568 7,274 Carrylng amount At 30 September 2023 933,113 361 434 933,908 AI 30 September 2022 933,113 624 1,425 935,162 14 Investment property 2023 Fair value Al 1 October 2022 Additions through extemal a¢quisition 415,000 418,985 AI 30 September 2023 833,985 Investment property comprises a residential property. The fair value of the Investment property has been arrived at on the basis of a valuation carried out al 3rd April 2020 by A T & G Chartered Surveyors, who are not conne¢led with the charity. The valuation was made on an open market value basis by reference lo market evidence of transaction prices for similar properties. The trustees are in the opinion that the fair value of investment propety has not changed since the last valuation in April 2020. 2023 2022 Freehold 833,985 415,000 15 Debtors 2023 2022 Amounts falllng due wlthln one year: Other debtors 243 15-
HAAYA FOUNDATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 30 SEPTEMBER 2023 16 Creditors: amounts falling due within one year 2023 2022 Other tsxation and social security Trade creditors Other creditors Accruals and deferred income 649 4,300 9,094 5,041 795 6,414 4,800 19,084 12.009 17 Creditors: amounts falling due after more than one year 2023 2022 Other creditors 342,717 219,711 18 Restricted funds The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used. At 1 October 2022 Incomlng resource$ Resources A130 oxpendgd Septgmbgr 2023 524,538 126,0951 17,2241 491,219 Previous year- At 1 October 2021 Incoming resources Resources At30 expended September 2022 519,929 14,447 19,8381 524,538 19 Unre$trlct9d funds The unrestricted funds of the charty comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as lo how they may be used. These include designated ftjnds which have been sel aside out of unreslricled ftjnds by the trustees for specific purposes. At 1 October 2022 Incomlng Resources At30 re$ource$ expended September 2023 General funds 681,555 360,653 197,0321 945,176 16-
HAAYA FOUNDATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 30 SEPTEMBER 2023 19 Unrestrlcted funds Icontlnuedl Prevlous year: At 1 October 2021 Incomlng resources Resources At30 expended September 2022 General funds 414,893 350,461 183,7991 681,555 20 Analy$l$ of net a$$ets betwggn funds Unrestricted funds 2023 Restricted funds 2023 Total 2023 At 30 September 2023: Tangible assets Investment properties Current assetsllliabilitiesl Long term liabilities 933,908 833,985 11,219 1342,7171 933,908 833,985 11,219 1342,7171 1,436,395 1,436,395 Per balance sheet Balance to allocate 945,176 1491,2191 491.219 491,219 1,436,395 Unrestrlcted funds 2022 Restrlcted funds 2022 Total 2022 At 30 September 2022: Tangible assets Investment properties Current assetsllliabililiesl Long temi liabilities 935,162 415.000 75,642 1219,7111 935,162 415.000 75,642 1219,7111 1,206,093 1,206,093 Per balance sheet Balance to allocate 681,555 1524,5381 524,538 524,538 1,206,093 21 Ralatad party transactions Transactlons wllh related partles During the year the charity entered into the following Iransadions with related parties.. As al the period end the balanced owed lo Hounslow Asian and African Youth Associations is £5,11012022'. £5,110) 17-