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2024-09-29-accounts

Docusign Envelope ID: 576F33DC-EFA4-456D-9CFC-CE2818FFC678

Charity registration number 1180288 (England and Wales) Company registration number 11315334

HAAYA FOUNDATION

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

Docusign Envelope ID: 576F33DC-EFA4-456D-9CFC-CE2818FFC678

HAAYA FOUNDATION

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Suhel Miah - Trustee and Director
Pasha Safdar - Trustee and Director
Seema Minhas - Trustee and Director
Harun Rashid Khan - Trustee and
Director
Mohammad Abul Kalam - Trustee and
Director
Mohammed Imran Hamid - Trustee
and Director
Charity number (England and Wales) 1180288
Company number 11315334
Registered office 4-6
Hanworth Road
Hounslow
England
TW3 1UA
Independent examiner AGP Consulting
Q West
Great West Road
Brentford
TW8 0GP

Docusign Envelope ID: 576F33DC-EFA4-456D-9CFC-CE2818FFC678

HAAYA FOUNDATION

CONTENTS

Page
Report 1 - 3
Independent examiner's report 6
Statement of financial activities 4
Statement of financial position 5
Notes to the financial statements 7 - 15

Docusign Envelope ID: 576F33DC-EFA4-456D-9CFC-CE2818FFC678

HAAYA FOUNDATION

REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 30 SEPTEMBER 2024

The trustees present their annual report and financial statements for the year ended 30 September 2024.

The financial statements have been prepared in accordance with the accounting policies set 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 Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)".

Objectives and activities

The Charity currently has 6 trustees and over 20 volunteers who manage the day to day of the Activities.

Saturday Islamic School & Evening 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 wish to renew their commitment to Islam and learning.

New Muslim Circle

This was launched to provide a welcoming, friendly family environment for new Muslims to learn about their new way of life in a way that caters for their individual background and level of experience. Topics include the method of prayer, Arabic phrases etc.

New Muslims face unique challenges whereby their environment remains the same while their internal world has been revolutionised. 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.

Friday Halaqah

A Weekly Friday Halaqah has been run at the masjid since we opened our doors.

The aim of the halaqah has been to provide a platform for people of all ages and backgrounds to understand more about Islamic topics and to be given an opportunity to 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.

Docusign Envelope ID: 576F33DC-EFA4-456D-9CFC-CE2818FFC678

HAAYA FOUNDATION

REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024

YOUTH ACTIVITIES

Friday Youth Hub

We welcome the Youth every Friday in our hall, where they can play pool, table tennis, PlayStation, and meet up with friends.

“The Night is Young” was a special sleepover to help children to boost their iman, make new friends and to 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 to teach children about the seerah of our Prophet Muhammad (PBUH).

Mother&Child Group Relaunch

Mother and Child group relaunched after a hiatus of many years. It was a blissfully successful summer scheme with a range of trips including those to Kew Gardens and London Zoo, theatre trips and planned activities in Royal Parks and Hampton Court Palace.

The group has grown to over 50 mothers and since January activities expanded to a weekly forest school in partnership with Chiswick 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.

Boxing & Fitness 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 Centre, the tournament set against each other 5-a-side teams to battle it out as champions.

Achievements and performance

In a short space of time HMC has established a positive standing in the community. With its enthusiastic and dedicated band of volunteers and project leads, HMC has continued to grow, offering a wide range of activities and services.

Financial review

The results for the Period are set on page 4.

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at 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 to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in

place to mitigate exposure to the major risks.

The main risk is the shortfall in funding. All the funds are from donations and interest free loans. The Trustees continue to secure further donations to cover the future operating cost of the mosque.

Docusign Envelope ID: 576F33DC-EFA4-456D-9CFC-CE2818FFC678

HAAYA FOUNDATION

REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024

Structure, governance and management

The charity is a company limited by guarantee. The charity is governed by its Memorandum and Articles of Association and managed by a board of Trustees.

The trustees, 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:

Suhel Miah - Trustee and Director Pasha Safdar - Trustee and Director Seema Minhas - Trustee and Director Harun Rashid Khan - Trustee and Director Mohammad Abul Kalam - Trustee and Director Mohammed Imran Hamid - Trustee and Director

The trustees are not remunerated for their services to the charity.

The trustees do not have any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

All administrative tasks were carried out by the trustees, who are also the key management personnel of the charity.

The report was approved by the Board of Trustees.

Seema Minhas - Trustee and Director Trustee Dated: 24 June 2025

Docusign Envelope ID: 576F33DC-EFA4-456D-9CFC-CE2818FFC678

HAAYA FOUNDATION

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 30 SEPTEMBER 2024

Unrestricted
Restricted
funds
funds
2024
2024
Notes
£
£
Income from:
Donations and legacies
3
225,161
164,715
Investments
4
49,166
-
Total income
274,327
164,715
Expenditure on:
Raising funds
5
-
4,425
Charitable activities
7
84,773
3,196
Other expenditure
12
88,517
-
Total expenditure
173,290
7,621
Net income and movement in
funds
101,037
157,094
Reconciliation of funds:
Fund balances at 1 October
2023
945,176
491,219
Fund balances at 30
September 2024
1,046,213
648,313		 Total
Unrestricted
Restricted
funds
funds
2024
2023
2023
£
£
£
389,876
328,607
(26,095)
49,166
32,046
-
439,042
360,653
(26,095)
4,425
-
3,010
87,969
86,251
4,214
88,517
10,781
-
180,911
97,032
7,224
258,131
263,621
(33,319)
1,436,395
681,555
524,538
1,694,526
945,176
491,219		 Total
2023
£
302,512
32,046
334,558
3,010
90,465
10,781
104,256
230,302
1,206,093
1,436,395

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

Docusign Envelope ID: 576F33DC-EFA4-456D-9CFC-CE2818FFC678

HAAYA FOUNDATION

STATEMENT OF FINANCIAL POSITION

AS AT 30 SEPTEMBER 2024

Notes
Fixed assets
Tangible assets
13
Investment property
14
Current assets
Debtors
15
Cash at bank and in hand
Creditors: amounts falling due within
one year
16
Net current assets
Total assets less current liabilities
Creditors: amounts falling due after
more than one year
17
Net assets
The funds of the charity
Restricted income funds
18
Unrestricted funds
19		 2024
£
£
933,918
833,985
1,767,903
2,558
250,062
252,620
(21,780)
230,840
1,998,743
(304,217)
1,694,526
648,313
1,046,213
1,694,526		 2023
£
£
933,908
833,985
1,767,893
243
30,060
30,303
(19,084)
11,219
1,779,112
(342,717)
1,436,395
491,219
945,176
1,436,395

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 30 September 2024.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the trustees on 24 June 2025

Seema Minhas - Trustee and Director

Trustee

Company registration number 11315334 (England and Wales)

Docusign Envelope ID: 576F33DC-EFA4-456D-9CFC-CE2818FFC678

HAAYA FOUNDATION

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HAAYA FOUNDATION

I report to the trustees on my examination of the financial statements of Haaya Foundation (the charity) for the year ended 30 September 2024.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law), you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006.

Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the Companies Act 2006 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. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.

Independent examiner's statement

Since the charity’s gross income exceeded £250,000, the independent examiner must be a member of a body listed in section 145 of the Charities Act 2011. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants 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 with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Faroque Ahmed BA (Hons), FCA, BFP

AGP Consulting Chartered Accountants Q West Great West Road Brentford TW8 0GP

Dated: 24 June 2025

Docusign Envelope ID: 576F33DC-EFA4-456D-9CFC-CE2818FFC678

HAAYA FOUNDATION

INDEPENDENT EXAMINER'S REPORT (CONTINUED) TO THE TRUSTEES OF HAAYA FOUNDATION

1 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees 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 estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates 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 future periods where the revision affects both current and future periods.

2 Accounting policies

Charity information

Haaya Foundation is a private company limited by guarantee incorporated in England and Wales. The registered office is 4-6, Hanworth Road, Hounslow, TW3 1UA, England.

2.1 Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)". 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, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

2.2 Going concern

At the time of approving the financial statements, 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 statements.

2.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions 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 statements.

2.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, 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 performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Docusign Envelope ID: 576F33DC-EFA4-456D-9CFC-CE2818FFC678

HAAYA FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

2 Accounting policies

(Continued)

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, 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 it relates.

Cost of generating funds are those incurred in attracting voluntary income, in particular donations and the cost of maintaining the charity's profile within the sector.

Costs relating to the running of the mosque are those directly incurred in performing these activities.

Governance costs include those costs incurred in the governance of the charity's assets and are primarily associated with constitution and statutory requirements.

Support costs comprises cost incurred directly in support of expenditure on the objects of the charity and allocated to the appropriate charity activities,

2.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings No depreciation
Fixtures and fittings 33% - straight line
Computers 33% - straight line

No depreciation is provided in respect of the charity’s freehold property. This is due to the fact that the expected useful life of the property 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 at a high standard, because of this, the trustees consider that the estimated residual value of the property is not materially different from its carrying value and as such any resulting depreciation charge would be immaterial and it is therefore not provided.

The gain or loss arising on the disposal of an asset is determined as the difference between 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 property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes 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 recognised in profit or loss.

2.8 Impairment of fixed assets

At 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 such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

Docusign Envelope ID: 576F33DC-EFA4-456D-9CFC-CE2818FFC678

HAAYA FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024

2 Accounting policies

(Continued)

2.9 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

2.10 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes 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 financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate 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-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

3 Income from donations and legacies

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2024 2024 2024 2023 2023 2023
£ £ £ £ £ £
Donations and gifts 225,161 164,715 389,876 328,607 (26,095) 302,512

Docusign Envelope ID: 576F33DC-EFA4-456D-9CFC-CE2818FFC678

HAAYA FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024

4 Income from investments

Unrestricted Unrestricted
funds funds
2024 2023
£ £
Rental income 48,392 31,508
Interest receivable 774 538
49,166 32,046

5 Expenditure on raising funds

Restricted Restricted
funds funds
2024 2023
£ £
Fundraising and publicity
Staging fundraising events 4,425 3,010
6 Support costs allocated to activities
Running of Total
Mosque
2024 2023
£ £
Bank charges 2,576 1,526
Printing, stationary and advertising 4,494 4,552
IT related expenses 1,525 823
General expenses 1,234 2,269
Telephone & Internet 883 1,050
Governance 4,800 4,800
15,512 15,020
2024 2023
Governance costs comprise: £ £
Audit fees 1,800 1,800
Accountancy 3,000 3,000
4,800 4,800

Docusign Envelope ID: 576F33DC-EFA4-456D-9CFC-CE2818FFC678

HAAYA FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024

7 Charitable activities

Running of
Running of
the Mosque the Mosque
2024 2023
£ £
Staff costs 43,940 17,001
Depreciation and impairment 640 1,256
Consultancy 1,249 1,291
Repairs and maintenance 391 3,393
Legal and professional 10,473 26,728
Light and heat 4,354 9,213
Insurance 2,851 2,402
Service cost on Qard Hasana 3,196 4,214
Iftar 5,363 9,947
72,457 75,445
Share of support costs (see note 6) 10,712 10,220
Share of governance costs (see note 6) 4,800 4,800
87,969 90,465
Analysis by fund
Unrestricted funds 84,773 86,251
Restricted funds 3,196 4,214
87,969 90,465
For the year ended 30 September 2023
Unrestricted funds 86,251
Restricted funds 4,214
90,465
8 Net movement in funds 2024 2023
£ £
The net movement in funds is stated after charging/(crediting):
Fees payable for the independent examination of the charity's financial
statements 1,800 1,800
Depreciation of owned tangible fixed assets 640 1,256

9 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

Docusign Envelope ID: 576F33DC-EFA4-456D-9CFC-CE2818FFC678

HAAYA FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024

10 Employees

The average monthly number of employees during the year was:

2024 2023
Number Number
12 5
Employment costs 2024 2023
£ £
Wages and salaries 43,647 16,889
Other pension costs 293 112
43,940 17,001

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 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

12 Other

**Unrestricted ** Unrestricted
funds funds
2024 2023
Expenses relating to investment property
88,517 10,781
88,517 10,781

Docusign Envelope ID: 576F33DC-EFA4-456D-9CFC-CE2818FFC678

HAAYA FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024

13 Tangible fixed assets

Freehold land
and buildings
Fixtures and
fittings
Computers
£
£
£
Cost
At 1 October 2023
933,113
5,067
3,002
Additions
-
-
650
At 30 September 2024
933,113
5,067
3,652
Depreciation and impairment
At 1 October 2023
-
4,706
2,568
Depreciation charged in the year
-
249
391
At 30 September 2024
-
4,955
2,959
Carrying amount
At 30 September 2024
933,113
112
693
At 30 September 2023
933,113
361
434
14
Investment property
Fair value
At 1 October 2023 and 30 September 2024		 Total
£
941,182
650
941,832
7,274
640
7,914
933,918
933,908
2024
£
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 at 3rd April 2020 by A T & G Chartered Surveyors, who are not connected with the charity. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

The trustees are in the opinion that the fair value of investment property has not changed since the last valuation in April 2020.

Freehold
15
Debtors
Amounts falling due within one year:
Other debtors		 2024
£
833,985
2024
£
2,558		 2023
£
833,985
2023
£
243

Docusign Envelope ID: 576F33DC-EFA4-456D-9CFC-CE2818FFC678

HAAYA FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024

16 Creditors: amounts falling due within one year

Creditors: amounts falling due within one year
Other taxation and social security
Trade creditors
Other creditors
Accruals and deferred income
Creditors: amounts falling due after more than one year
Other creditors		 2024
£
716
7,160
9,104
4,800
21,780
2024
£
304,217		 2023
£
649
4,300
9,094
5,041
19,084
2023
£
342,717

17 Creditors: amounts falling due after more than one year

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
Previous year:
At		 1 October
2023
Incoming
resources
Resources
expended
At 30
September
2024
£
£
£
£
491,219
164,715
(7,621)
648,313
1 October
2022
Incoming
resources
Resources
expended
At 30
September
2023
£
£
£
£
524,538
(26,095)
(7,224)
491,219

19 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 October Incoming Resources At 30
2023 resources expended September
2024
£ £ £ £
General funds 945,176 274,327 (173,290) 1,046,213

Docusign Envelope ID: 576F33DC-EFA4-456D-9CFC-CE2818FFC678

HAAYA FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024

19 Unrestricted funds (Continued)
Previous year: At 1 October Incoming Resources At 30
2022 resources expended September
2023
£ £ £ £
General funds 681,555 360,653 (97,032) 945,176

20 Related party transactions

Transactions with related parties

During the year the charity entered into the following transactions with related parties:

As at the period end the balanced owed to Hounslow Asian and African Youth Associations is £5,110 (2023: £5,110)