HasanaH Annual report and financial statements Year ended 31 March 2024 Company no 11269974 Charity no 1184628 enaid ACCOUNTANCY **Contents** Annual report and financial statements Year ended 31 March 2024 ## **HasanaH** ## **Contents** |Legal & administrative information|2| |---|---| |Trustees’ annual report|3| |Independent examiner’s report|6| |Statement of financial activities|7| |Balance sheet|8| |Notes to the financial statements|9| Registered company no 11269974 Registered charity no 1184628 **1** **Legal & administrative details** **HasanaH** Annual report and financial statements Year ended 31 March 2024 ## **Legal & administrative information** |**Charity name**|HasanaH|| |---|---|---| |**Charity registration no.**|1184628|| |**Company registration no.**|11269974|| |**Registered office**|4 Old Park Lane|| ||London|| ||W1K 1QW|| |**Trustees**|Jeremy Carver CBE|Chair| ||Dr Syed Zaki Hassan|| ||Maria Caridad Scanlan|| |**Independent examiner**|Enaid Accountancy Ltd|| ||Units 24 & 25|| ||Goodsheds Container Village|| ||Hood Road|| ||Barry|| ||CF62 5QU|| |**Principal bankers**|Barclays Bank plc|| ||1 Churchill Place|| ||London|| ||E14 5HP|| Registered company no 11269974 Registered charity no 1184628 **2** **Trustees’ annual report** **HasanaH** Annual report and financial statements Year ended 31 March 2024 ## **Trustees’ annual report** The Board of Trustees, who are also Directors of the Charity for the purposes of the Companies Act, and Trustees for charity law purposes, submit their annual report and the financial statements of HasanaH for the year ended 31 March 2024. The Board of Trustees confirms that the annual report and financial statements of the Charity comply with current statutory requirements, including the Charity Act 2011, as well as the requirements of the Charity's governing document and the provisions of the ‘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) second edition (effective 1 January 2019)’, the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Companies Act 2006. ## **Objectives and activities** ## **Objects** The objects of the Charity, as set out in its Memorandum of Association, are: - to further such exclusively charitable purposes according to the law of England and Wales as the Trustees in their absolute discretion from time to time determine particularly but not exclusively by providing or assisting in the provision of resources, facilities and equipment; and, - the promotion of the efficiency and effectiveness of charities including charitable religious and community organisations. ## **Activities** Islamic Philanthropy is a source of charitable funds exceeding US$ 1 billion annually. Traditionally these funds were distributed locally into the community. However, in recent times there has been a desire to also look outside the community and support projects that benefit humanity at a more global level. The Hasanah Platform is a tech-enabled solution designed to meet these aspirations by providing an easy route to support global causes. The platform works with local and international community groups and blue-chip charitable organizations to ensure donors have a diverse range of options for their charitable funds. These options are regularly reviewed and updated in line with donor preferences. Throughout the process of determining these activities, the Trustees confirm that they have complied with the duty in section 4 of the Charities Act 2006 to have due regard to the public benefit guidance published by the Charity Commission in determining the activities undertaken by the Charity. ## **Achievements and performance for 2023-24** In Q1 2023, Hasanah launched a Ramadan campaign in the US as a grass roots pilot project to directly engage with and connect donors to community charitable organizations. An events and community engagement strategy enabled 38 events to be hosted in 15 cities around the United States. Over 100 selected non-profit organizations were added to the platform which reflected the interests of the targeted US donor demographic. This campaign provided Hasanah with an interactive environment to better understand donor motivation and intentions towards a range of national and international causes whilst also increasing awareness of Hasanah as a premium crowdfunding solution amongst potential users. In total, the Ramadan Campaign raised approximately £70,000 in the period from January to 11 May 2023 which was disbursed in June 2023. A separate New Year campaign was launched in the final quarter of 2023 to target the same demographic and raised a total of £11,000 during December 2023 and January 2024. The learnings from these campaigns will be used in designing future campaigns with the goal of building a stable and recurring donor base and engaging with sponsors at future events. In parallel ongoing technical work, based on the US donor experience, has focused on making platform more user-friendly and efficient. ## **Plans for 2024-25** Hasanah is redesigning the platform with major bluechip international organizations ready to provide projects that can be supported by Islamic Philanthropy. These will help Hasanah continue to drive towards progress with some of the big issues affecting the planet, including those adopted under the UN’s Strategic Development Goals. It is recognized that Hasanah is a charitable organization that operates with limited resources, staff, and time. Nevertheless, there has been much progress since its formation as a tool to channel much needed donations to charitable causes. The development team at Hasanah continues to look to the future through enhanced tech-enabled solutions for alleviating the world’s most significant humanitarian and development causes and for making the world a better, healthier, and more peaceful place for everyone. Registered company no 11269974 Registered charity no 1184628 **3** **Trustees’ annual report** ## **HasanaH** Annual report and financial statements Year ended 31 March 2024 ## **Financial Review** During the current financial year the Charity incurred a deficit of £32,434 (2023: deficit of £39,241), resulting in total reserves at year end of £266,306 (2023: £298,740) of which £254,023 (2023: £288,190) were unrestricted as to use, although £243,720 (2023: £284,175) of these reserves relate to intangible assets, with £10,303 (2023: £4,015) as readily realisable net assets. ## **Reserves Policy** As the platform is currently in development phase the Trustees have no formal reserves policy as there are no committed ongoing costs – this will be reviewed in 2024/25. ## **Structure, Governance and Management** ## **Governing Document** HasanaH is registered under the Companies Act 2006 as a company limited by guarantee and not having a share capital. It was incorporated as of 22 March 2018. HasanaH became a registered charitable company as constituted as of the 26 July 2019. The charitable company is governed under its Memorandum and Articles of Association. The charity registration number is 1184628 (England and Wales) and the company registration number is 11269974 (England and Wales). ## **Recruitment and Appointment of Trustees** The Trustees are also the directors of HasanaH for the purpose of company law. HasanaH Articles of Association require a minimum of three trustees and a maximum number of twelve. A Trustee must retire after three years, and will be eligible for re-election subject to an overall limit of nine years. Only the current directors can appoint new directors. ## **Organisational structure** The Trustees are responsible for the overall financial control, direction and work of the Charity. They will meet at least three times a year. ## **Risk management** The Trustees are aware of the risks in launching a charitable digital platform in a challenging global environment. Business risks that are being carefully monitored include data security, financial and legal compliance, and ensuring that the operational processes are sustainable and scalable in line with HasanaH’s projected growth. ## **Statement of Board of Trustees’ Responsibilities** The Trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and regulations. Company law requires the Trustees to prepare financial statements for each financial year. Under that law they are required to prepare the financial statements in accordance with UK Accounting Standards and applicable law (UK Generally Accepted Accounting Practice), including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland. Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the excess of expenditure over income for that period. In preparing these financial statements, the Trustees are required to: - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the Charities SORP; - make judgements and estimates that are reasonable and prudent; - • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and, - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue its activities. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company’s transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They have general responsibility for taking such steps as are reasonably open to them to safeguard the assets of the charitable company and to prevent and detect fraud and other irregularities. The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the UK governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. In addition, the Trustees confirm that they are happy that content of the annual review, including the legal and administrative information, in pages 2 to 5 of this document meet the requirements of both the Trustees’ Annual Report under charity law and the Directors’ Report under company law. They also confirm that the financial statements have been prepared in accordance with the accounting policies set out in the notes to the accounts and Registered company no 11269974 Registered charity no 1184628 **4** **Trustees’ annual report** ## **HasanaH** Annual report and financial statements Year ended 31 March 2024 comply with the Charity’s governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland published on 16 July 2014. ## **Preparation of the report** This report has been prepared taking advantage of the small companies exemption of section 415A of the Companies Act 2006. ## **Independent Examiners** The independent examiners, Enaid Accountancy Ltd, have indicated their willingness to accept reappointment under Section 485 of the Companies Act 2006. This report was approved and authorised for issue by the Board of Trustees on 16 December 2024 and signed on its behalf by: Jeremy P Carver Jeremy P Carver (Dec 18, 2024 17:01 GMT) Jeremy Carver CBE **Chair of Trustees** Registered company no 11269974 Registered charity no 1184628 **5** **Independent examiner’s report** **HasanaH** Annual report and financial statements Year ended 31 March 2024 ## **Independent examiner’s report to the board of trustees of HasanaH** I report to the Trustees on my examination of the accounts of HasanaH (charity number 1184628 – England & Wales, company number 11269974) for the year ended 31 March 2024 which are set out on pages 7 to 16. ## **Respective responsibilities of trustees and examiner** The Trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’). The Trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (‘the 2011 Act’) nor under Part 16 of the 2006 Act, and that an independent examination is needed. Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, it is my responsibility to: - examine the accounts under section 145 of the 2011 Act; - 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, - to state whether particular matters have come to my attention. This report, including my statement, has been prepared for and only for the Charity’s Trustees as a body. My work has been undertaken so that I might state to the Charity’s Trustees those matters I am required to state to them in an independent examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity’s Trustees as a body for my examination work, for this report, or for the statements I have made. ## **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 seeking explanations from the Trustees concerning any such matters. is limited to those matters set out in the statement below. ## **Independent examiner's statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or, 2. the accounts do not accord with those records; or, 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view which is not a matter considered as part of an independent examination; or, 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). 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 accounts to be reached. ## **Andrew Philip Nash FCA** Member of the Institute of Chartered Accountants in England and Wales – 2461833 Dated: 18 December 2024 Enaid Accountancy Ltd Units 24 & 25 Goodsheds Container Village Hood Road Barry CF62 5QU The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report Registered company no 11269974 Registered charity no 1184628 **6** **Statement of financial activities** **HasanaH** Annual report and financial statements Year ended 31 March 2024 ## **Statement of financial activities** **Incorporating the income & expenditure account and the statement of recognised gains & losses For the year ended 31 March 2024** **----- Start of picture text -----**
Unrestricted Restricted Total Total
funds funds funds funds
Year ended Year ended Year ended Year ended
31 Mar 2024 31 Mar 2024 31 Mar 2024 31 Mar 2023
Notes £ £ £ £
Income from:
Donations and legacies 3 11,945 86,872 98,817 142,030
Total income 11,945 86,872 98,817 142,030
Expenditure on:
Charitable activities 4 58,194 73,057 131,251 181,271
Total expenditure 58,194 73,057 131,251 181,271
Net income/(expenditure) (46,249) 13,815 (32,434) (39,241)
Transfers between funds 12,082 (12,082) - -
Net movement in funds (34,167) 1,733 (32,434) (39,241)
Reconciliation of funds:
Total funds brought forward 7 & 8 288,190 10,550 298,740 337,981
Total funds carried forward 7 & 8 254,023 12,283 266,306 298,740
**----- End of picture text -----**
The notes on pages 9 to 16 form part of the financial statements. Registered company no 11269974 Registered charity no 1184628 **7** **Balance sheet** **HasanaH** Annual report and financial statements Year ended 31 March 2024 ## **Balance sheet** ## **As at 31 March 2024** **----- Start of picture text -----**
Total Total
funds funds
31 Mar 2024 31 Mar 2023
Notes £ £ £ £
Fixed assets:
Intangible assets 5 243,720 284,175
Current assets:
Prepayments 265 385
Cash at bank and in hand 24,553 16,340
Current assets: 24,818 16,725
Liabilities:
Creditors: amounts falling due
within one year 6 (2,232) (2,160)
Net current assets/(liabilities) 22,586 14,565
Net assets/(liabilities) 266,306 298,740
The funds of the charity:
Restricted funds 7 & 8 12,283 10,550
Unrestricted funds
General funds 7 & 8 254,023 288,190
Unrestricted funds 254,023 288,190
Total charity funds 266,306 298,740
**----- End of picture text -----**
The notes on pages 9 to 16 form part of the financial statements. The financial statements have been prepared in accordance with section 415A of the Companies Act 2006 relating to small companies and FRS 102 Section 1A. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of the accounts. The charitable company is entitled to exemption from audit under section 477 of the Companies Act 2006 for the year ended 31 March 2024, and the members have not required the charitable company to obtain an audit of its financial statements for the year ended 31 March 2024 under section 476 of the Companies Act 2006. ## Jeremy P Carver Jeremy P Carver (Dec 18, 2024 17:01 GMT) They were approved and authorised for issue by the Board of Trustees on 16 December 2024 and signed on their behalf by: Jeremy Carver CBE ## **Chair of Trustees** Registered company no 11269974 Registered charity no 1184628 **8** **Notes to the financial statements** **HasanaH** Annual report and financial statements Year ended 31 March 2024 ## **Notes to the financial statements** ## **1. Accounting policies** ## **Basis of preparation of the financial statements** The financial statements have 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) second edition (effective 1 January 2019)’, the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. The effect of any event relating to the period ended 31 March 2024, which occurred before the date of approval of the financial statements by the Board of Trustees has been included in the financial statements to the extent required to show a true and fair view of the state of affairs at 31 March 2024 and the results for the year ended on that date. Under the exemption available to smaller charities the Board of Trustees has chosen not to include a Statement of Cash Flows within the financial statements. The functional currency of the Charity is sterling and amounts in the financial statements are rounded to the nearest pound. ## **Going concern** The financial statements have been prepared on the going concern basis as the Board of Trustees is confident that future reserves and future income is more than sufficient to meet current commitments. There are no material uncertainties that impact this assessment, and the ongoing global economic uncertainty has had no material impact on this. ## **Legal status** HasanaH is a charitable company registered in England & Wales and meets the definition of a public benefit entity. In the event of the Charity being wound up, the liability in respect of the guarantee is limited to £1 per member. The registered address is 4 Old Park Lane, London, W1K 1QW. ## **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. Designated funds comprise of unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in note 7 of the financial statements. Restricted funds are funds that are to be used in accordance with specific restrictions imposed by donors or that have been raised by the Charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in note 7 of the financial statements. ## **Income** Income is recognised when the Charity has entitlement to the funds, any performance indicators attached to the item(s) of income have been met, it is probable that the income will be received, and the amount can be measured reliably. Donations are recognised in full in the Statement of Financial Activities when entitled, receipt is probable and when the amount can be quantified with reasonable accuracy. Gift aid receivable is included when claimable. ## **Expenditure and irrecoverable VAT** All expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities. Indirect costs, including governance costs, which cannot be directly attributed to activities, are allocated directly to charitable activities as this is the focus of all staff time. A breakdown of these expenses is outlined in note 4 of the financial statements. Irrecoverable VAT is charged against the category of expenditure for which it was incurred. ## **Donated goods and services** Donated goods and services are recognised on the basis of the value of the gift to the Charity, which is measured as the amount the Charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market. This amount cannot exceed open market fair value. ## **Intangible fixed assets and depreciation** Intangible fixed assets comprise trademarks and externally purchased brand materials and have been recognised at cost less amortisation. Amortisation is provided at rates calculated to write off the cost of intangible assets over their useful life, with amortisation commencing at the point that the platform went live at the end of May 2020. Registered company no 11269974 Registered charity no 1184628 **9** **Notes to the financial statements** Annual report and financial statements Year ended 31 March 2024 ## **HasanaH** ## **1. Accounting policies (continued from previous page)** ## **Intangible fixed assets and depreciation (continued from previous page)** The useful life of the assets are deemed to be: |Trademarks|10 years| |---|---| |Digital marketing collateral|3 years| |Donation platform|10 years| All intangible assets will also be subject to an impairment review on an annual basis. ## **Tangible fixed assets and depreciation** All assets costing more than £1,000 are capitalised. Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their residual value, over their useful life. There are currently no tangible fixed assets held by the charity. ## **Cash at bank and in hand** Cash at bank and in hand includes cash in hand, deposits with banks and funds that are readily convertible into cash at, or close to, their carrying values, but are not held for investment purposes. ## **Creditors and accruals** Creditors are recognised where the Charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party, and the amount due to settle the obligation can be measured or estimated reliably. ## **Financial instruments** Basic financial instruments are measured at amortised cost other than investments which are measured at fair value. ## **Critical estimates and judgements** In preparing financial statements it is necessary to make certain judgements, estimates and assumptions that affect the amounts recognised in the financial statements. The treatment of tangible fixed assets is sensitive to changes in useful economic lives and residual values of assets. In the view of the Trustees in applying the accounting policies adopted, no judgements were required that have a significant effect on the amounts recognised in the financial statements nor do any estimates or assumptions made carry a significant risk of material adjustment in the next financial year. ## **Debtors and prepayments** Trade and other debtors are recognised at the settlement amount after any trade discount is applied. Prepayments are valued at the amount prepaid net of any trade discounts due. Registered company no 11269974 Registered charity no 1184628 **10** **Notes to the financial statements** Annual report and financial statements Year ended 31 March 2024 ## **HasanaH** ## **2. Comparative statement of financial activities** **----- Start of picture text -----**
Unrestricted Restricted Total
funds funds funds
Year ended Year ended Year ended
31 Mar 2023 31 Mar 2023 31 Mar 2023
Notes £ £ £
Income from:
Donations and legacies 3 132,028 10,002 142,030
Total income 132,028 10,002 142,030
Expenditure on:
Charitable activities 4 180,322 949 181,271
Total expenditure 180,322 949 181,271
Net income/(expenditure) (48,294) 9,053 (39,241)
Reconciliation of funds:
Total funds brought forward 7 & 8 336,484 1,497 337,981
Total funds carried forward 7 & 8 288,190 10,550 298,740
**----- End of picture text -----**
## **3. Income from donations and legacies** |Donations
Donated goods and services (see note 12)|**Unrestricted**
**funds**
**Year ended**
**31 Mar 2024**
**£**
**-**
**11,945**
**11,945**|**Restricted**
**Total**
**funds**
**funds**
**Year ended**
**Year ended**
**31 Mar 2024**
**31 Mar 2024**
**£**
**£**
**86,872**
**86,872**
**-**
**11,945**
**86,872**
**98,817**| |---|---|---| |||| |Unrestricted
funds
Year ended
31 Mar 2023
£
Donations
-
Donated goods and services (see note 12)
132,028
132,028||Restricted
Total
funds
funds
Year ended
Year ended
31 Mar 2023
31 Mar 2023
£
£
10,002
10,002
-
132,028
10,002
142,030| Registered company no 11269974 Registered charity no 1184628 **11** **Notes to the financial statements** Annual report and financial statements Year ended 31 March 2024 ## **HasanaH** ## **4. Total expenditure** **----- Start of picture text -----**
Unrestricted Restricted Total
funds funds funds
Year ended Year ended Year ended
31 Mar 2024 31 Mar 2024 31 Mar 2024
£ £ £
Grants to NPOs - 73,057 73,057
Partnership management 4,012 - 4,012
Platform maintenance 4,840 - 4,840
Platform processing fees 2,937 - 2,937
Amortisation 40,456 - 40,456
Marketing 3,092 - 3,092
Governance 2,857 - 2,857
58,194 73,057 131,251
Unrestricted Restricted Total
funds funds funds
Year ended Year ended Year ended
31 Mar 2023 31 Mar 2023 31 Mar 2023
£ £ £
Grants to Global Giving - 949 949
-
Partnership management 24,985 24,985
Platform maintenance 20,116 - 20,116
Platform processing fees 317 - 317
Amortisation 45,123 - 45,123
-
Marketing 86,927 86,927
Governance 2,854 - 2,854
180,322 949 181,271
**----- End of picture text -----**
Indirect costs, including governance costs, which cannot be directly attributed to activities, are allocated proportionate to total direct costs allocated to each project area. Governance costs comprise of the following expenses: |Independent examination
Insurance
Bank fees and other
Unrealised (gain)/loss on USD account|**Total**
Total
**costs**
costs
**Year ended**
Year ended
**31 Mar 2024**
31 Mar 2023
**£**
£
**1,152**
1,080
**1,208**
1,774
**411**
561
**86**
(561)
**2,857**
2,854| |---|---| Registered company no 11269974 Registered charity no 1184628 **12** **Notes to the financial statements** Annual report and financial statements Year ended 31 March 2024 ## **HasanaH** ## **5. Intangible fixed assets** **----- Start of picture text -----**
Digital
Donation marketing
platform Trademarks collateral Total
£ £ £ £
Cost
At 1 April 2023 389,000 6,221 16,802 412,023
At 31 March 2024 389,000 6,221 16,802 412,023
Accumulated amortisation
At 1 April 2023 110,217 1,762 15,869 127,848
Charge in year 38,900 622 933 40,455
At 31 March 2024 149,117 2,384 16,802 168,303
Net book value
At 1 April 2023 278,783 4,459 933 284,175
At 31 March 2024 239,883 3,837 - 243,720
**----- End of picture text -----**
## **6. Creditors – amounts falling due within one year** **----- Start of picture text -----**
Total funds Total funds
31 Mar 2024 31 Mar 2023
£ £
Accruals 2,232 2,160
2,232 2,160
**----- End of picture text -----**
Registered company no 11269974 Registered charity no 1184628 **13** **Notes to the financial statements** Annual report and financial statements Year ended 31 March 2024 ## **HasanaH** ## **7. Analysis of charity funds** **----- Start of picture text -----**
Balance Income Expenditure Transfers Balance
brought for the in the between carried
forward period period funds forward
Year ended Year ended Year ended Year ended Year ended
31 Mar 2024 31 Mar 2024 31 Mar 2024 31 Mar 2024 31 Mar 2024
£ £ £ £ £
Unrestricted funds
General fund 288,190 11,945 (58,194) 12,082 254,023
Unrestricted funds 288,190 11,945 (58,194) 12,082 254,023
Restricted funds
Donor funds 10,550 86,872 (73,057) (12,082) 12,283
Restricted funds 10,550 86,872 (73,057) (12,082) 12,283
Total funds 298,740 98,817 (131,251) - 266,306
**----- End of picture text -----**
## **Donor funds** These are funds donated via the platform for a number of causes and is made up of a large amount of small donations. The transfer from restricted to unrestricted represents the 12% of all donations since commencement which is for Hasanah’s internal costs as per the terms of the platform. **----- Start of picture text -----**
Balance Income Expenditure Transfers Balance
brought for the in the between carried
forward period period funds forward
Year ended Year ended Year ended Year ended Year ended
31 Mar 2023 31 Mar 2023 31 Mar 2023 31 Mar 2023 31 Mar 2023
£ £ £ £ £
Unrestricted funds
General fund 336,484 132,028 (180,322) - 288,190
Unrestricted funds 336,484 132,028 (180,322) - 288,190
Restricted funds
Donor funds 1,497 10,002 (949) - 10,550
Restricted funds 1,497 10,002 (949) - 10,550
Total funds 337,981 142,030 (181,271) - 298,740
**----- End of picture text -----**
Registered company no 11269974 Registered charity no 1184628 **14** **Notes to the financial statements** Annual report and financial statements Year ended 31 March 2024 ## **HasanaH** ## **8. Analysis of net assets** **----- Start of picture text -----**
Unrestricted Restricted Total
funds funds funds
Year ended Year ended Year ended
31 Mar 2024 31 Mar 2024 31 Mar 2024
£ £ £
Intangible fixed assets 243,720 - 243,720
Current assets 12,535 12,283 24,818
Current liabilities (2,232) - (2,232)
254,023 12,283 266,306
Unrestricted Restricted Total
funds funds funds
Year ended Year ended Year ended
31 Mar 2023 31 Mar 2023 31 Mar 2023
£ £ £
-
Intangible fixed assets 284,175 284,175
Current assets 6,175 10,550 16,725
Current liabilities (2,160) - (2,160)
288,190 10,550 298,740
**----- End of picture text -----**
## **9. Other financial commitments** At 31 March 2024, the Charity had no other financial commitments or contingent liabilities (2023: £Nil). ## **10. Trustee remuneration** During the year, no Trustee received any remuneration (2023: £Nil). No members of the Board of Trustees received reimbursement of expenses related to attendance at trustee meetings (2023: £Nil). ## **11. Related party transactions** During the current financial year, HasanaH received donated services equivalent to £11,945 (2023: £132,028) as per note 12 below from Crescent Consumer Holding. One of the trustees up until 24 March 2023, Badr Jafar, is the Chief Executive Officer of Crescent Enterprises of which Crescent Consumer Holding is a wholly owned subsidiary. Registered company no 11269974 Registered charity no 1184628 **15** **Notes to the financial statements** ## **HasanaH** Annual report and financial statements Year ended 31 March 2024 ## **12. Donated goods and services** During the current financial year, the charity was supported by Crescent Consumer Holding who provided, via a pro-bono service agreement, the following services for the charity. The income is reflected in note 3. donation platform moving forward, and Crescent Consumer Holding has irrevocably assigned those rights to HasanaH. The total donated goods and services is represented as follows: In line with the service agreement, HasanaH retains all intellectual property rights and ownership of the **----- Start of picture text -----**
Year ended Year ended
31 Mar 2024 31 Mar 2023
£ £
Platform partnership and maintenance 8,853 45,102
Marketing 3,092 86,926
11,945 132,028
**----- End of picture text -----**
Registered company no 11269974 Registered charity no 1184628 **16**