Charity Registration Number: 1183816
Alhikmah Project
Trustees Report and Financial Statements
For the year ended 31 March 2024
Jamiat Ahl-e-Hadith Keighley
Contents
| Page | |
|---|---|
| Trustees' report | 1-3 |
| Independent examiners report | 4 |
| Statement of financial activities | 5 |
| Balance Sheet | 6 |
| Notes to the financial statements | 7-12 |
Jamiat Ahl-e-Hadith Keighley
Trustees report For the year ended 31 March 2024
The trustees present their report along with the financial statements of the charity for the year ended 31 March 2024. The financial statements have been prepared based on the accounting policies set out in note 1 to the financial statements and comply with the Charity's governing document.
Reference and administrative details of the charity
Charity registration number 1183816
Correspondence address
Sakien Taj 5 Greenhead Drive Keighley West Yorkshire BD20 6EZ
Trustees
Shohab Ali Sakien Taj Faiz Alam Imran Sajid
Independent Examiner
Asif Hussain ACMA 41 Woodstock Road Moseley Birmingham West Midlands B13 9BD
Bankers
Barclays Bank Plc 77 North Street Keighley West Yorkshire BD21 3SA
HSBC Bank Plc 36 North Street Keighley West Yorkshire BD21 3SF
Page 1
Jamiat Ahl-e-Hadith Keighley
Trustees Report (continued) For the year ended 31 March 2024
Structure, Governance and Management
a. Governing Document
The charity is a Charitable Incorporated Organisation (CIO) and is governed by its constitution dated 10th June 2019.
b. Method of appointment and induction of new Trustees
New Trustees are appointed by existing members of the CIO.
c. Organisational structure and decision making
The Trustees oversee the running of the charity on a day to day basis. All operational decisions are made at meetings which are held frequently throughout the year.
d. Risk management
The trustees have assessed the major risks to which the Charity is exposed and are satisfied that systems, controls and procedures are in place to mitigate exposure to major risks.
Objectives and Activities
a. Summary of objectives
The objectives of the Charity as set out in its constitution are summarised as follows:
-
To advance the Islamic faith in accordance with the schedule of beliefs.
-
To further or benefit the residents of Keighley and the neighbourhood.
b. Activities for achieving objectives
The following activities were undertaken in the year to achieve the objectives:
-
Running of Al Hikmah Project
-
Running of Mosque and Madrassah
The Trustees frequently review the objectives and activities of the Charity to ensure that they provide an overall benefit to the public. In carrying out this review the Trustees have considered the Charity Commission's general guidance on public benefit.
Achievements and Performance
In the year the charity maintained the running of the Mosque and Madrassah to achieve its objectives. The Al Hikmah Project refurbishment continued with campaigns to fundraise for the exensive rebuilding programme. The provision of youth centred facilities was restricted due to the lack of available space. The nursery was also closed during the year and is expected to re-open in January 2026. Rental income from properties and the car park continued to be earned during the year, in excess of the previous year.
Refurbishment and rebuilding the the new centre for Al Hikmah Project continued in the year with £37,000 being paid to contractors. Significant delays were casued by logistics issues for materials and change to the initial designs.
The Trustees are satisfied with the overall performance of the charity.
Page 2
Jamiat Ahl-e-Hadith Keighley
Trustees Report (continued) For the year ended 31 March 2024
Financial Review
a. Reserves policy
The Charity's reserve policy is to maintain a sufficient level of liquid reserves to meet short term obligations and any unforeseen expenditure. The current level of income generated by the charity is sufficient to meet our short term obligations and the Charity generated a net surplus of £59,161 in the year. The trustees wish to build up the Charity's reserves with rental income, car park income and public donations in accordance with the policy on reserves to ensure future sustainability.
b. Principle funding
During the year the Charity raised a total of £137,317 in incoming resources before charitable expenditure. This was an increase from the previous year and was mainly due to an increase in funds generated from the community and fundraising activities. Of the total incoming resources £63,524 were restricted donations for Al Hikmah Project, £31,288 were general unrestricted donations, £16,860 was generated from Madrassah fees, £7,645 was rental income from the residential properties and £18,000 was generated from the car park.
Loans of £62,500 remain outstanding comprising of £50,000 to Middlesborough Masjid, repayable by 2026, and £12,500 to members of the community. Amounts owed to the charity total £18,978 comprising £10,000 from Fountain of Knowledge charity, expected to be repaid in the next financial year, and £8,978 from the current imam.
Plans for the future
The Charity's priority is to become self sufficient from the income streams generated to meet its charitable expenditure. Renovation of the current Al Hikmah site has continued and is scheduled to be completed by January 2026. Madrassah activities will take place at the Al Hikmah Project site, moving from the smaller current mosque. Fundraising activities will need to continue to generate additional funds from the general public and community.
Statement of Trustees' responsibilities
Charity Law requires the Trustees' to prepare financial statements for each financial year which show a true and fair view of the state of affairs of the Charity and its financial activities for that year. In preparing those financial statements, the Trustees are required to:
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select suitable accounting policies and apply them consistently;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in operational existence.
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 the financial statements comply with the Charities Act 2011. 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.
This report was approved by the Trustees on 28 January 2025 and signed on their behalf by:
………………………………………………………………… Sakien Taj
Page 3
Jamiat Ahl-e-Hadith Keighley
Independent examiner's report to the Trustees of AlHikmah Project
I report to the Trustees on my examination of the financial statements of the Charity for the year ended 31 March 2024, which are set out on pages 5 to 12.
Respective responsibilities of trustees and examiner
The Charity's Trustees consider that an audit is not required for this year (under section 145) of the Charities Act 2011 (the Act) and that an independent examination is required.
It is my responsibility to:
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examine the accounts (under section 145 of the 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 Act, and
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to state whether particular matters have come to my attention.
Basis of independent examiner's statement
My examination was carried out in accordance with 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 accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeks explanations from the Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently, I do not express an audit opinion on the accounts.
Independent examiner's statement
in the course of my examination, no matter has come to my attention
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which gives me reasonable cause to believe that, in any material respect, the trustees have not met the requirements to ensure that:
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proper accounting records are kept (in accordance with section 130 of the Act); and
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- accounts are prepared which agree with the accounting records and comply with the accounting requirements of the Act; or
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to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
………………………………………………………………
Asif Hussain ACMA
41 Woodstock Road Moseley Birmingham West Midlands B13 9BD
Dated 25 January 2025
Page 4
Jamiat Ahl-e-Hadith Keighley
Statement of financial activities
For the year ended 31 March 2024
| Note Incoming Resources Incoming resources from generating funds Voluntary Income Donations Incoming resources from charitable activities Madrassah Fees Rental Income Car Park Income Other income Total Incoming resources Resources expended Costs of generating funds Costs of generating voluntary income Charitable activities 6 Governance costs 2 Total Resources expended 5 Net incoming resources before transfers Gross transfers between funds Net movement in funds for the year Total funds at 1 April 2022 Total funds at 31 March 2023 |
Restricted Funds 2024 £ 63,524 - - - 63,524 656 13,006 - 13,662 49,862 - 49,862 987,033 1,036,895 |
Unrestricted Funds 2024 £ 31,288 16,860 7,645 18,000 73,793 1,075 62,919 500 64,494 9,299 - 9,299 337,664 346,963 |
Total Funds 2024 £ 94,812 16,860 7,645 18,000 - 137,317 1,731 75,925 500 78,156 59,161 - 59,161 1,324,697 1,383,858 |
Total Funds 2023 £ 84,338 13,913 2,614 5,478 11,397 |
|---|---|---|---|---|
| 117,740 | ||||
| 15,589 94,017 500 |
||||
| 110,106 | ||||
| 7,634 - |
||||
| 7,634 1,316,632 |
||||
| 1,324,266 |
The notes on pages 7 to 12 form part of these financial statements
Page 5
Jamiat Ahl-e-Hadith Keighley
Balance sheet As at 31 March 2024
| Note Fixed assets Tangible fixed assets 10 Current assets Cash at bank and in hand Prepayments Debtors Creditors:amounts falling and due within one year 11 Net current assets Charity Funds Restricted funds 12 Unrestricted funds 12 Total Funds |
£ 96,876 384,950 18,978 500,804 (66,450) |
2024 £ 949,504 949,504 434,354 1,383,858 1,036,895 346,963 1,383,858 |
£ 62,827 329,950 18,978 411,755 (66,000) |
2023 £ 978,942 |
|---|---|---|---|---|
| 978,942 345,755 |
||||
| 1,324,697 | ||||
| 987,033 337,664 |
||||
| 1,324,697 |
The financial statements were approved by the Trustees on 28 January 2025 and signed on their behalf by:
................................................................ Sakien Taj
Page 6
Jamiat Ahl-e-Hadith Keighley
Notes to the financial statements For the year ended 31 March 2024
1. Accounting policies
1.1 Basis of preparation of financial statements
The financial statements haven been prepared in accordance with Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011.
1.2 Fund Accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restriction imposed by donors which have been raised by the Charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund.
1.3 Incoming resources
All incoming resources are included in the Statement of Financial Activities when the Charity is legally entitled to the income and the amount can be quantified with reasonable accuracy
Voluntary income - including donations, gifts and grants that provide core funding or are of general nature, are recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability.
Income from Charitable Activities - including income recognised as earned from related goods or services which are provided.
1.4 Resources expended
All expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities. Where costs cannot be directly attributed to particular activities they have been allocated on a basis consistent with the use of the resources.
Charitable Activities include those costs that are directly related to the objectives of the Charity.
Governance costs include those incurred in the governance of its assets and are primarily associated with constitutional and statutory requirements.
Support Costs for a single activity are allocated directly to that activity. Where support costs relate to several activities they have been apportioned on a basis consistent with the use of the resources.
Page 7
Jamiat Ahl-e-Hadith Keighley
Notes to the financial statements For the year ended 31 March 2024
1. Accounting policies (continued)
1.5 Tangible fixed assets and depreciation
All assets costing more than £500 are capitalised.
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is not charged on freehold land. Depreciation on other tangible fixed assets is provided at rates calculated to write off the cost or valuation of those assets, less their estimated residual vale, over their expected useful lives on the following basis:
Freehold property - 2% straight line Fixtures & fittings - 12.5% straight line
Freehold land costing £560,413 is not depreciated.
1.6 Taxation
As a registered charity, the charity is exempt from Income and Corporation tax to the extent that its income and gains are applicable to the charitable purposes only.
2. Governance costs
| Accountancy costs Independent examination fees Incorporation fees |
Restricted Funds 2024 £ - - - - |
Unrestricted Funds 2024 £ 350 150 - 500 |
Total Funds 2024 £ 350 150 - 500 |
Total Funds 2023 £ 350 150 - |
|---|---|---|---|---|
| 500 |
3. Direct Costs
| Direct Costs | ||||
|---|---|---|---|---|
| Basis of allocation Direct Usage Wages and Salaries Usage |
Running of Mosque 2024 £ 1,075 16,952 18,027 |
Running of Al Hikmah Project 2024 £ 656 2,191 2,847 |
Total 2024 £ 1,731 19,143 20,874 |
Total 2023 £ 16,429 30,683 |
| 47,112 |
Page 8
Jamiat Ahl-e-Hadith Keighley
Notes to the financial statements For the year ended 31 March 2024
4. Support costs
| Basis of allocation Usage 5. Analysis of resources expended by expenditure type Costs of generating voluntary income Running of Mosque Running of Al Hikmah Project Governance costs 6. Analysis of resources expended by activities Running of Mosque Running of Al Hikmah Project Management and administration |
Running of Mosque 2024 £ 45,967 45,967 Staff costs 2024 £ - 16,952 2,191 19,143 - 19,143 Activities undertaken directly 2024 £ 16,952 2,191 19,143 |
Running of Al Hikmah Project 2024 £ 10,815 10,815 Other Costs 2024 £ 1,731 45,967 10,815 56,782 500 59,013 Support costs 2024 £ 45,967 10,815 56,782 |
Total 2024 £ 56,782 56,782 Total 2024 £ 1,731 62,919 13,006 75,925 500 78,156 Total 2024 £ 62,919 13,006 75,925 |
Total 2023 £ 62,494 |
|---|---|---|---|---|
| 62,494 | ||||
| Total 2023 £ 15,589 |
||||
| 69,769 20,643 |
||||
| 90,412 | ||||
| 500 | ||||
| 106,501 | ||||
| Total 2023 £ 69,769 20,643 |
||||
| 90,412 |
Page 9
Jamiat Ahl-e-Hadith Keighley
Notes to the financial statements For the year ended 31 March 2024
7. Net incoming resources
| 7. Net incoming resources | ||
|---|---|---|
| This is stated after charging Depreciation of tangible fixed assets - owned by the Charity 8. Staff costs Wages and salaries |
2024 £ 29,438 29,438 2024 £ 19,143 19,143 |
2023 £ 29,438 |
| 29,438 | ||
| 2023 £ 30,683 |
||
| 30,683 |
No employee received remuneration amounting to more than £60,000 in the year.
9. Related party transactions
During the year, no Trustees received any remuneration. During the year, no Trustees received any benefits in kind. During the year, no trustees received any reimbursement of expenses.
Page 10
Jamiat Ahl-e-Hadith Keighley
Notes to the financial statements
For the year ended 31 March 2024
10.Tangible fixed assets
| Cost At 1 April 2023 Additions Disposals At 31 March 2024 Depreciation At 1 April 2023 Additions Disposals At 31 March 2023 Net book value At 31 March 2023 At 31 March 2022 |
Freehold land and building £ 1,121,405 - - 1,121,405 162,813 11,220 - 174,033 947,372 958,592 |
Fixtures and fittings £ 145,742 - 145,742 125,392 18,218 - 143,610 2,132 20,350 |
Total £ 1,267,147 - |
|---|---|---|---|
| 1,267,147 | |||
| 288,205 29,438 - |
|||
| 317,643 | |||
| 949,504 | |||
| 978,942 |
Freehold land and building includes land at cost of £560,413 which is not depreciated
11.Creditors: Amount falling due within one year
| Other Creditors Rent deposit creditors Social security and other taxation Accruals and deferred income |
2024 £ 62,500 - 900 3,050 66,450 |
2023 £ 62,500 - - 3,500 |
|---|---|---|
| 66,000 |
Page 11
Jamiat Ahl-e-Hadith Keighley
Notes to the financial statements For the year ended 31 March 2024
12.Statement of funds
| Statement of funds | |||||
|---|---|---|---|---|---|
| General fund Total unrestricted funds Restricted funds Al Hikmah Project Total Funds |
Brought forward £ 337,664 337,664 987,033 1,324,697 |
Incoming resources £ 73,793 73,793 63,524 137,317 |
Resources expended £ (64,494) (64,494) (13,662) (78,156) |
Transfers in/(out) £ - - - - |
Carried forward £ 346,963 |
| 346,963 | |||||
| 1,036,895 | |||||
| 1,383,858 |
Page 12