ABU ZAHRA FOUNDATION
REPORTS & FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
INDEX TO THE ACCOUNTS
| Pages | Pages | |
|---|---|---|
| 1 | to 2 | Trustees Report |
| 3 | Independent Examiners Report | |
| 4 | Statement of Finanacial Activities | |
| 5 | Balance Sheet | |
| 6 to 9 | Notes to the Accounts | |
| Charity number is 1181727 | ||
| Company number is CE016308 |
ABU ZAHRA FOUNDATION TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2024
Trustees
Trustees who served during the year and their dates of appointment were as follows:
| Atiq Saddique | -appointed on 19 June 2018 |
|---|---|
| Mohammed Kamran | -appointed on 19 June 2018 |
| Rashid Hussain | -appointed on 19 June 2018 |
| Azhar Mahmood | -appointed on 19 June 2018 |
| Mohammed Majid Hussain | -appointed on 25 November 2017 |
| Ithsham Tariq | -appointed on 25 November 2018 |
The powers of appointing trustees is vested in the Executive Committee which is elected by the members at the Annual General Meeting.
The trustees present their annual report and examined financial statements of the charity for the year ended 31 December 2024.
Statement of trustees responsibilities
Trustees are required to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the income and expenditure account of the charity for that period. In preparing those financial statements, the trustees are required to:
-
select suitable accounting policies and then apply them consistently;
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make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that this basis applies.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the accounting regulations.
Legal status
Registered as a CIO - Foundation on 24 Jan 2019
The Foundation is a registered charity and is governed by its constitution adopted on 18 August 2001. The policies are made from time to time by the Executive Committee.
Objectives of the charity
The objects of the CIO are to advance religion in accordance with the teachings of Islam; to advance education in particular, but not exclusively, amongst women and young people from all religious and ethnic backgrounds; to provide or assist in providing facilities for recreational or other leisure-time occupation for the inhabitants of Keighley and the surrounding areas in the interests of social welfare and with the object of improving their conditions of life; such other charitable purposes, as the committee shall from time to time determine.
The Foundation also provides relief and charitable assistance to those in need in the UK and Overseas.
The charity recognises its long term commitments and has in particular concentrated on
ABU ZAHRA FOUNDATION TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2024
providing high standards of Islamic education.
The charity recognises that its financial position has to be sound and secure and that its financial activities should at least break even each year.
Organisation
The charity is governed by the management committee which are responsible for formulating the strategies and policies of the charity including the approval of budgets and the exercising of financial controls.
The charity benefits from many voluntary hours and unclaimed out of pocket expenses contributed by its volunteer helpers. It is impossible to quantify the value of such help but the management committee wish to place on record their appreciation of the commitment and dedication shown by our staff and volunteers.
General fund
The Statement of Financial activities for the year shows a surplus for the year of £(60,819)
Professional advisers
Professional advisers to the organisation during the year were as follows:
Bankers Barclays Bank plc 77 North Street, Keighley, West Yorkshire BD21 3RZ
Independent Examiners
Hussains® | CPA Hussains Hall38 Devonshire StreetKeighley BD21 2AU
Approved by the board of trustees on 29 October 2025 and signed on its behalf by
Trustee: Mr. A Saddique
Principal address: Devonshire Street Keighley West Yorkshire BD21 2BL
Tel: +44 (0)1535 607777 Website: www.abuzahra.org
REPORT OF THE INDEPENDENT EXAMINERS TO THE TRUSTEES OF ABU ZAHRA FOUNDATION
We report on the financial statements of the Charity for the year ended 31 December 2024, which are set out on pages 4 to 9.
Respective responsibilities of trustees and independent examiners
As the charity's trustees, you are responsible for the preparation of financial statements. You consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
It is our responsibility to:
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examine the financial statements under section 145 of the Charities Act,
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to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act), and
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to state whether particular matters have come to our attention.
Basis of independent examiners report
Our examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity, and a comparison of the financial statements with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you as trustees concerning any such matters. The procedures do not provide all the evidence that would be required in an audit, and consequently we do not express an audit opinion on the view given by the financial statements.
Independent examiners statement
In connection with our examination, no matter has come to our attention.
1) which gives us reasonable cause to believe that in any material respect of the requirements:
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to keep accounting records in accordance with section 130 of the Charities Act; and
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to prepare financial statements which accord with the accounting records and to comply with the accounting requirement of the Charities Act have not been met; or
2) to which, in our opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached.
Hussains® | CPA
Hussains Hall 38 Devonshire Street Keighley BD21 2AU
29 October 2025
ABU ZAHRA FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024
| Note Income and Expenditure Incoming Resources 1 Resources Expended Charitable activities 2 Management and administration of the charity Total Resources Expended Net (Outgoing)/Incoming Resources before Transfers Net (Outgoing)/Incoming Resources for the year Other Recognised Gains and Losses Asset Depreciation Net Movement in Funds Fund Balances forward at 1 January 2024 Fund Balances forward at 31 December 2024 6 |
Unrest ricted Funds £ 1,897,097 1,669,123 272,909 1,942,032 (44,935) (44,935) (15,884) (60,819) 1,750,425 1,689,606 |
Rest ricted Funds £ - - - - - - - - - - |
Total Total 2024 2023 £ £ 1,897,097 1,523,303 1,669,123 1,214,992 272,909 179,259 1,942,032 1,394,251 (44,935) 129,052 (44,935) 129,052 (15,884) (14,256) (60,819) 114,796 1,750,425 1,635,629 1,689,606 1,750,425 |
|---|---|---|---|
ABU ZAHRA FOUNDATION BALANCE SHEET AT 31 DECEMBER 2024
| Note FIXED ASSETS Tangible assets 4 CURRENT ASSETS Stock of books Cash in hand Barclays account number 13025160 Barclays account number 43627969 Barclays account number 93856674 Barclays account number 53579662 CREDITORS: Amounts falling due within one year 5 NET CURRENT ASSETS NET ASSETS FUNDS Unrestricted 6 |
2024 2023 £ £ £ 1,590,011 1,580,785 20,000 20,000 602 717 7,209 4,514 86,332 111,779 37,542 11,140 22,910 156,490 174,595 304,640 75,000 135,000 99,595 169,640 1,689,606 1,750,425 1,689,606 1,750,425 1,689,606 1,750,425 |
|---|---|
Approved by the board of trustees on 29 October 2025 and signed on its behalf by
Trustee: Mr. A Saddique
ABU ZAHRA FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024
a. Basis of accounting
The financial statements have been prepared in accordance with Accounting and Reporting by Charities.
Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note.
b. Tangible fixed assets
Land and building are shown at original historical cost or subsequent valuation as set out in the note. Other fixed assets are shown at cost.
Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life by the reducing balance method.
| Fixtures & Equipment 1. INCOMING RESOURCES Childrens fees and book sales Donations and funding Tax relief and bank interest received 2. CHARITABLE ACTIVITIES Fundraising expenses Hifz Scholarship funding Zakat, sadaqah & emergency aid Hajj & Umrah Sponsorships |
Unrest ricted Funds £ 67,184 1,825,706 4,207 1,897,097 Unrest ricted £ 47,320 33,816 1,511,288 76,699 1,669,123 |
Rest ricted Funds £ - - - - Rest ricted £ - - - - - |
2024 % 15 Total 2024 £ 67,184 1825,706 4,207 1897,097 Total 2024 £ 47,320 33,816 1,511,288 - 1,592,424 |
2023 % 15 Total 2023 £ 124,830 1,387,246 11,227 |
||
|---|---|---|---|---|---|---|
| 1,523,303 | ||||||
| Total 2023 £ 1,523 - 1,213,469 - |
||||||
| 1,214,992 |
ABU ZAHRA FOUNDATION NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
| 3. MANAGEMENT AND ADMINISTRATION Staff costs: General wages Pension contributions OTHER COSTS: Cleaning Rent & rates payable Light, heat and water Repairs and renewals Insurance Leasing charges Equipment rental Accountancy Architect & surveyors fees Professional fees Learning materials & stationery Books & publication costs Telephone & internet Subscriptions Donations Security costs Card charges Bank charges Sundry expenses No employees earned £22,500 p.a. or more. The average number of employees, analysed by function, was: Management and administration |
2024 £ 89,182 3,096 92,278 171 6,392 4,229 19,863 3,249 466 915 492 - 14,656 15,421 103,360 1,666 1,765 4,640 114 31 2,158 1,043 180,631 2024 8 8 |
2023 £ 83,664 830 |
|---|---|---|
| 84,494 | ||
| 660 7,218 4,717 18,949 4,215 466 872 1,181 7,178 - 6,243 35,461 1,066 906 2,131 1,500 214 1,249 539 |
||
| 94,765 | ||
| 2023 8 |
||
| 8 |
ABU ZAHRA FOUNDATION NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
4. TANGIBLE FIXED ASSETS
| Freehold £ Cost At 1 January 2024 1,500,000 Additions - At 31 December 2024 1,500,000 Depreciation At 1 January 2024 - For the year - At 31 December 2024 - Net Book Amounts At 31 December 2024 1,500,000 £ At 31 December 2023 1,500,000 £ 5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Loans |
Fixtures & Equipment Total £ £ 95,041 1,595,041 25,110 25,110 120,151 1,620,151 14,256 14,256 15,884 15,884 30,140 30,140 90,011 £ 1,590,011 £ 80,785 £ 1,580,785 £ 2024 2023 £ £ 75,000 135,000 75,000 135,000 |
Total £ 1,595,041 25,110 |
|---|---|---|
| 1,620,151 | ||
| 14,256 15,884 |
||
| 30,140 | ||
| 2023 £ 135,000 |
||
| 135,000 |
ABU ZAHRA FOUNDATION NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
6 FUNDS
| As at 1 January 2024 Surplus for year As at 31 December 2024 |
Unrest ricted Funds £ 1,750,425 (60,819) 1,689,606 |
Rest ricted Fund £ - - - |
Total £ 1,750,425 (60,819) 1,689,606 |
|---|---|---|---|