Charity registration number: 1188948
Al-Zahra Association
Annual Report and Financial Statements for the Year Ended 5 April 2025
Al-Zahra Association
Contents
| Contents | |
|---|---|
| Reference and Administrative Details | 1 |
| Trustees' Report | 2 to 3 |
| Statement of Trustees' Responsibilities | 4 |
| Independent Examiner's Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes to the Financial Statements 8 to 18 |
Al-Zahra Association
Reference and Administrative Details
Trustees
Mr Maram Hossein Ghanizadeh Mr Reza Ahoui Dr Mohammadsadegh Dalvandi Dr Mohammad Reza Nademi Mr Majid Maleki
Principal Office
12 City Commerce Centre Marsh Lane Southampton SO14 3EW
Charity Registration Number
1188948
Independent Examiner
Walji & Co Private Clients Ltd Prospect House 50 Leigh Road Eastleigh Hampshire SO50 9DT
Page 1
Al-Zahra Association
Trustees' Report
The trustees present the annual report together with the financial statements of the charity for the year ended 5 April 2025.
Objectives and activities
Objects and aims
The Deed of Trust outlines the objects of the charity to be:
a) The relief of poverty, sickness and distress by providing such services and facilities as are necessary including food, clothing and medical supplies;
b) To advance the Islamic religion in accordance with the "Shia" school of thought by such means as the Trustees in their absolute discretion determine;
c) To advance the Islamic religion in accordance with the "Shia" school of thought by providing services and facilities as required particularly but not exclusively for the benefit of young people.
Public benefit
Al Zahra Islamic Association has over the past twelve months carried out a number of initiatives in respect to public benefit. These include the following:
a) Al Zahra Islamic Association has organised a number of religious and cultural programs
b) Various classes for children, including Farsi, religious and cultural training
c) Various fundraising activities to raise money for the new centre which would house all the activities which would benefit the public for many years to come
d) Encouragement and mentoring of the youth to complete their initiatives in fundraising as well as helping the needy
e) Distribution of food and drinks to the homeless in and around Hampshire
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Structure, governance and management
Nature of governing document
The charity is controlled by its governing document, and was registered as a Charitable Incorporated Organisation (CIO) on 7 April 2020.
Financial instruments
Objectives and policies
The charity’s activities expose it to a number of financial risks including credit risk, cash flow risk and liquidity risk. The use of financial derivatives is governed by the charity’s policies approved by the board of trustees, which provide written principles on the use of financial derivatives to manage these risks. The charity does not use derivative financial instruments for speculative purposes.
Page 2
Al-Zahra Association
Trustees' Report
Cash flow risk
The charity’s activities expose it primarily to the financial risks of changes in foreign currency exchange rates and interest rates. The charity uses foreign exchange forward contracts and interest rate swap contracts to hedge these exposures.
Interest bearing assets and liabilities are held at fixed rate to ensure certainty of cash flows.
Credit risk
The charity’s principal financial assets are bank balances and cash, trade and other receivables, and investments.
The charity’s credit risk is primarily attributable to its trade receivables. The amounts presented in the balance sheet are net of allowances for doubtful receivables. An allowance for impairment is made where there is an identified loss event which, based on previous experience, is evidence of a reduction in the recoverability of the cash flows.
The credit risk on liquid funds and derivative financial instruments is limited because the counterparties are banks with high credit-ratings assigned by international credit-rating agencies.
The charity has no significant concentration of credit risk, with exposure spread over a large number of counterparties and customers.
Liquidity risk
In order to maintain liquidity to ensure that sufficient funds are available for ongoing operations and future developments, the charity uses a mixture of long-term and short-term debt finance.
Further details regarding liquidity risk can be found in the Statement of accounting policies in the financial statements.
The annual report was approved by the trustees of the charity on 4 March 2026 and signed on its behalf by:
.........................................
Mr Maram Hossein Ghanizadeh Trustee
Page 3
Al-Zahra Association
Statement of Trustees' Responsibilities
The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
The law applicable to charities requires the trustees 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 incoming resources and application of resources of the charity 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 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 charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the constitution. The trustees 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.
Approved by the trustees of the charity on 4 March 2026 and signed on its behalf by:
......................................... Mr Maram Hossein Ghanizadeh Trustee
Page 4
Al-Zahra Association
Independent Examiner's Report to the trustees of Al-Zahra Association
I report to the charity trustees on my examination of the accounts of the charity for the year ended 5 April 2025 which are set out on pages 6 to 19.
Respective responsibilities of trustees and examiner
As the charity’s trustees of Al-Zahra Association you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the Al-Zahra Association's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
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:
-
accounting records were not kept in respect of Al-Zahra Association as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
...................................... Reza Hooda FCA CTA
Prospect House 50 Leigh Road Eastleigh Hampshire SO50 9DT
Date: 4 March 2026
Page 5
Al-Zahra Association
Statement of Financial Activities for the Year Ended 5 April 2025
| Note Unrestricted funds £ Restricted funds £ Total 2025 £ |
Note Unrestricted funds £ Restricted funds £ Total 2025 £ |
|---|---|
| Income and Endowments from: | |
| Donations and legacies | 53,555 160,312 213,867 |
| Investment income 3 |
312 - 312 |
| Total income | 53,867 160,312 214,179 |
| Expenditure on: | |
| Raising funds | (19,649) - (17,999) |
| Charitable activities | (3,070) - (3,070) |
| Other expenditure | (20,887) - (22,537) |
| Total expenditure | (43,606) - (43,606) |
| Net income | 10,261 160,312 170,573 |
| Net movement in funds | 10,261 160,312 170,573 |
| Reconciliation of funds | |
| Total funds brought forward | 216,702 10,640 227,342 |
| Movement between funds | 170,952 (170,952) - |
| Total funds carried forward 14 |
397,915 - 397,915 |
| Note | Unrestricted Restricted Total |
| funds funds 2024 |
|
| £ £ £ |
|
| Income and Endowments from: | |
| Donations and legacies | 22,716 - 22,716 |
| Investment income 3 |
- - - |
| Total income | 22,716 - 22,716 |
| Expenditure on: | |
| Raising funds | (18,193) - (18,193) |
| Charitable activities | - - - |
| Other expenditure | (6,632) - (6,632) |
| Total expenditure | (24,825) - (24,825) |
| Net income | (2,109) - (2,109) |
| Net movement in funds | (2,109) - (2,109) |
| Reconciliation of funds | |
| Total funds brought forward | 218,811 10,640 229,451 |
| Total funds carried forward 14 |
216,702 10,640 227,342 |
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2024 is shown in note 14.
The notes on pages 8 to 19 form an integral part of these financial statements. Page 6
Al-Zahra Association
(Registration number: 1142491) Balance Sheet as at 5 April 2025
| Note | 2025 2024 |
|---|---|
| £ £ |
|
| Fixed assets | |
| Tangible assets 10 |
443,425 220,159 |
| Current assets | |
| Cash at bank and in hand 11 |
15,690 17,823 |
| Creditors: Amounts falling due within oneyear 12 |
(11,200) (10,640) |
| Net currentassets | 4,490 7,183 |
| Total assets less current liabilities | 447,915 227,342 |
| Creditors: Amounts falling due after more than oneyear 13 |
(50,000) - |
| Net assets | 397,915 227,342 |
| Funds of the charity: | |
| Restricted income funds | |
| Restricted funds | - 216,702 |
| Unrestricted income funds | |
| Unrestricted funds | 397,915 10,640 |
| Total funds 14 |
397,915 227,342 |
The financial statements on pages 6 to 19 were approved by the trustees, and authorised for issue on 4 March 2026 and signed on their behalf by:
......................................... Mr Maram Hossein Ghanizadeh Trustee
The notes on pages 8 to 19 form an integral part of these financial statements. Page 7
Al-Zahra Association
Notes to the Financial Statements for the Year Ended 5 April 2025
1 Accounting policies
Statement of compliance
The financial statements have been prepared in accordance with 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 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
Basis of preparation
Al-Zahra Association meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
Exemption from preparing a cash flow statement
The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.
Going concern
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
Income and endowments
Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.
Donations and legacies
Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.
Investment income
Dividends are recognised once the dividend has been declared and notification has been received of the dividend due.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
Page 8
Al-Zahra Association
Notes to the Financial Statements for the Year Ended 5 April 2025
Raising funds
These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Grant provisions
Provisions for grants are made when the intention to make a grant has been communicated to the recipient but there is uncertainty about either the timing of the grant or the amount of grant payable.
Support costs
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
Governance costs
These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees’s meetings and reimbursed expenses.
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Tangible fixed assets
Individual fixed assets costing £0.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation and amortisation
Fixed assets held for use by the charity which are included in the balance sheet are depreciated at rates appropriate to their useful economic life in each case.
Asset class Depreciation method and rate Freehold property 2% on cost
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Page 9
Al-Zahra Association
Notes to the Financial Statements for the Year Ended 5 April 2025
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Statement of Financial Activities over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the charity has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees's discretion in furtherance of the objectives of the charity.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
Financial instruments
Classification
Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities.
Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the charity, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.
Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.
Page 10
Al-Zahra Association
Notes to the Financial Statements for the Year Ended 5 April 2025
Debt instruments
Debt instruments which meet the following conditions are subsequently measured at amortised cost using the effective interest method:
(a) The contractual return to the holder is (i) a fixed amount; (ii) a positive fixed rate or a positive variable rate; or (iii) a combination of a positive or a negative fixed rate and a positive variable rate.
(b) The contract may provide for repayments of the principal or the return to the holder (but not both) to be linked to a single relevant observable index of general price inflation of the currency in which the debt instrument is denominated, provided such links are not leveraged.
(c) The contract may provide for a determinable variation of the return to the holder during the life of the instrument, provided that (i) the new rate satisfies condition (a) and the variation is not contingent on future events other than (1) a change of a contractual variable rate; (2) to protect the holder against credit deterioration of the issuer; (3) changes in levies applied by a central bank or arising from changes in relevant taxation or law; or (ii) the new rate is a market rate of interest and satisfies condition (a).
(d) There is no contractual provision that could, by its terms, result in the holder losing the principal amount or any interest attributable to the current period or prior periods.
(e) Contractual provisions that permit the issuer to prepay a debt instrument or permit the holder to put it back to the issuer before maturity are not contingent on future events, other than to protect the holder against the credit deterioration of the issuer or a change in control of the issuer, or to protect the holder or issuer against changes in levies applied by a central bank or arising from changes in relevant taxation or law.
(f) Contractual provisions may permit the extension of the term of the debt instrument, provided that the return to the holder and any other contractual provisions applicable during the extended term satisfy the conditions of paragraphs (a) to (c).
Debt instruments that are classified as payable or receivable within one year on initial recognition and which meet the above conditions are measured at the undiscounted amount of the cash or other consideration expected to be paid or received, net of impairment.
With the exception of some hedging instruments, other debt instruments not meeting these conditions are measured at fair value through profit or loss.
Commitments to make and receive loans which meet the conditions mentioned above are measured at cost (which may be nil) less impairment.
Investments
Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through profit or loss. Where fair value cannot be measured reliably, investments are measured at cost less impairment.
Investments in subsidiaries and associates are measured at cost less impairment. For investments in subsidiaries acquired for consideration including the issue of shares qualifying for merger relief, cost is measured by reference to the nominal value of the shares issued plus fair value of other consideration. Any premium is ignored.
Page 11
Al-Zahra Association
Notes to the Financial Statements for the Year Ended 5 April 2025
Derivative financial instruments
The charity uses derivative financial instruments to reduce exposure to foreign exchange risk and interest rate movements. The charity does not hold or issue derivative financial instruments for speculative purposes.
Derivatives are initially recognised at fair value at the date a derivative contract is entered into and are subsequently remeasured to their fair value at each reporting date. The resulting gain or loss is recognised in statement of financial activities immediately unless the derivative is designated and effective as a hedging instrument, in which event the timing of the recognition in statement of financial activities depends on the nature of the hedge relationship.
Fair value measurement
The best evidence of fair value is a quoted price for an identical asset in an active market. When quoted prices are unavailable, the price of a recent transaction for an identical asset provides evidence of fair value as long as there has not been a significant change in economic circumstances or a significant lapse of time since the transaction took place. If the market is not active and recent transactions of an identical asset on their own are not a good estimate of fair value, the fair value is estimated by using a valuation technique.
2 Income from donations and legacies
| 2 Income from donations and legacies |
2 Income from donations and legacies |
|---|---|
| Unrestricted funds Restricted Total |
|
| General £ funds £ funds £ |
|
| Donations and legacies; | |
| Donations from individuals 53,555 160,312 213,867 |
|
| Subscriptions - - - |
|
| Total for 2025 53,555 160,312 213,867 |
|
| Total for 2024 22,716 - 133,835 |
|
| 3 Investment income |
|
| Unrestricted funds Total |
|
| General funds |
|
| £ £ |
|
| Interest receivable and similar income; | |
| Interest receivable on bank deposits | 312 312 |
| Total for 2025 | 312 312 |
| Total for 2024 | - - |
Page 12
Al-Zahra Association
Notes to the Financial Statements for the Year Ended 5 April 2025
- 4 Expenditure on raising funds
a) Costs of generating donations and legacies
| a) Costs of generating donations and legacies |
|
|---|---|
| Unrestricted funds Total |
|
| Note | General funds |
| £ £ |
|
| Donations | - - |
| Allocated support costs | 17,999 17,999 |
| Total for 2025 | 17,999 17,999 |
| Total for 2024 | 17,094 17,094 |
| b) Other costs of generating donations and legacies |
|
| Unrestricted funds Total |
|
| Note | General funds |
| £ £ |
|
| Professional fees | 1,650 1,650 |
| Total for 2025 | 1,650 1,650 |
| Total for 2024 | 1,099 1,099 |
| 5 Expenditure on charitable activities |
|
| Unrestricted funds Total |
|
| Note | General funds |
| £ £ |
|
| Grant funding of activities | - - |
| Governance costs | 3,070 3,070 |
| Total for 2025 | 3,070 3,070 |
| Total for 2024 | - - |
| 6 Other expenditure |
|
| Restricted Total |
|
| Note | funds funds |
| £ £ |
|
| Depreciation,amortisation and other similar costs | 20,887 20,887 |
| Total for 2025 | 20,887 20,887 |
| Total for 2024 | 6,632 6,632 |
Page 13
Al-Zahra Association
Notes to the Financial Statements for the Year Ended 5 April 2025
7 Analysis of governance and support costs
Raising funds expenditure
Costs of generating donations and legacies
| Costs of generating donations and legacies | |
|---|---|
| Unrestricted funds Total |
|
| Basis of allocation |
General funds |
| £ £ |
|
| Hire of Halls A |
- - |
| Food preparation and prizes A |
17,518 17,518 |
| Light and heat A |
2,070 2,070 |
| Total for 2025 | 19,588 19,588 |
| Total for 2024 | 11,170 11,170 |
| Other resources expended | |
| Unrestricted funds Total |
|
| Basis of allocation |
General funds |
| £ £ |
|
| Depreciation of Unit 11, City Commerce Centre B |
4,648 4,648 |
| Depreciation of Unit 12,CityCommerce Centre B |
8,986 8,986 |
| Total for 2025 | 13,634 13,634 |
| Total for 2024 | - - |
Support costs allocated to other expenditure
| Support costs allocated to other expenditure | |
|---|---|
| Basis of allocation |
Governance Total |
| costs funds |
|
| £ £ |
|
| Independent Examiner’s Fee A |
1,200 1,200 |
| Total for 2025 | 1,200 1,200 |
| Total for 2024 | - - |
Basis of allocation
| Reference | Method of allocation |
|---|---|
| A | Unrestricted funds |
| B | Restricted Funds |
Page 13
Al-Zahra Association
Notes to the Financial Statements for the Year Ended 5 April 2025
8 Grant-making
Analysis of grants
| Analysis of grants | |
|---|---|
| Grants to institutions | |
| 2025 2024 |
|
| £ £ |
|
| Analysis | |
| NOT APPLICABLE | - - |
The support costs associated with grant-making are £Nil (5 April 2024 - £Nil).
Below are details of material grants made to institutions.
| Below are details of material grants made to institutions. | ||
|---|---|---|
| 2025 | 2024 | |
| Name of institution Activity |
£ | £ |
| Not applicable General charitable giving |
- | - |
9 Trustees remuneration and expenses
No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.
No trustees have received any reimbursed expenses or any other benefits from the charity during the year.
10 Taxation
The charity is a registered charity and is therefore exempt from taxation.
Page 15
Al-Zahra Association
Notes to the Financial Statements for the Year Ended 5 April 2025
| 11 Tangible fixed assets |
|
|---|---|
| Land and buildings £ Total £ |
|
| Cost | |
| Brought forward | 224,652 224,652 |
| Additions | 232,407 224,652 |
| At 5 April 2025 | 457,059 457,059 |
| Depreciation | |
| Brought forward | 4,493 4,493 |
| Charge for theyear | 9,141 9,141 |
| At 5 April 2025 | 13,634 13,634 |
| Net book value | |
| At 5 April 2025 | 443,425 443,425 |
| At 5 April 2024 | 220,159 220,159 |
| 12 Cash and cash equivalents |
|
| 2025 2024 |
|
| £ £ |
|
| Cash at bank | 9,207 15,360 |
| Short-term deposits | 6,483 2,462 |
| 15,690 17,822 |
|
| 13 Creditors: amounts falling due within one year |
|
| 2025 2024 |
|
| £ £ |
|
| Other creditors | - 10,640 |
| Other loans | 10,000 - |
| Accruals | 1,200 - |
| 950 10,640 |
|
| 14 Creditors: amounts falling due after one year |
|
| 2025 2024 |
|
| £ £ |
|
| Other loans | 50,000 - |
Page 17
Al-Zahra Association
Notes to the Financial Statements for the Year Ended 5 April 2025
| 15 Funds |
|||||
|---|---|---|---|---|---|
| Balance at 6 | Incoming | Resources | Balance at 5 | ||
| April 2024 | resources | expended | April 2025 | ||
| £ | £ | £ | £ | ||
| Unrestricted funds | |||||
| General | 216,702 | 224,819 | (43,606) | 397,915 | |
| Restricted funds | 10,640 | 160,312 | (170,952) | - | |
| Total funds | 227,342 | 385,131 | (214,558) | 397,915 | |
| Balance at 6 | Incoming | Resources | Balance at 5 | ||
| April 2023 | resources | expended | April 2024 | ||
| £ | £ | £ | £ | ||
| Unrestricted funds | |||||
| General | 218,811 | 22,716 | (24,825) | 216,702 | |
| Restricted funds | 10,640 | - | - | 10,640 | |
| Total funds | 229,451 | 22,716 | (24,825) | 227,342 | |
| 16 Analysis of net assets |
between funds | ||||
| Unrestricted | Total funds at | 5 | |||
| funds | April | ||||
| General | 2025 | ||||
| £ | £ | ||||
| Current assets | 15,690 | 15,690 | |||
| Current liabilities | (1,200) | (1,200) | |||
| Total net assets | 14,490 | 14,490 | |||
| Unrestricted | Total funds at | 5 | |||
| funds | April | ||||
| General | 2024 | ||||
| £ | £ | ||||
| Current assets | 17,822 | 17,822 | |||
| Current liabilities | - | - | |||
| Total net assets | 17,822 | 17,822 |
Page 17
Al-Zahra Association
Notes to the Financial Statements for the Year Ended 5 April 2025
| 17 Analysis of net funds |
|
|---|---|
| At 6 April 2024 At 5 April 2025 |
|
£ £ |
|
| Cash at bank and in hand | 17,822 15,690 |
| Net debt | 17,822 15,690 |
| At 6 April 2023 At 5 April 2024 |
|
| £ £ |
|
| Cash at bank and in hand | 8,380 17,822 |
| Net debt | 8,380 17,822 |
Page 18
Al-Zahra Association
Detailed Statement of Financial Activities for the Year Ended 5 April 2025
| Total Total |
|
|---|---|
| 2025 2024 |
|
| £ £ |
|
| Income and Endowments from: | |
| Donations and legacies (analysed below) | 213,867 22,716 |
| Investment income(analysed below) | 312 - |
| Total income | 214,179 22,716 |
| Expenditure on: | |
| Raising funds (analysed below) | (19,649) (18,193) |
| Charitable activities (analysed below) | (4,270) - |
| Other expenditure(analysed below) | (19,687) (6,632) |
| Total expenditure | (43,606) (24,825) |
| Net income | 170,573 (2,109) |
| Net movement in funds | 170,573 (2,109) |
| Reconciliation of funds | |
| Total funds brought forward | 227,342 229,451 |
| Total funds carried forward | 397,915 227,342 |
This page does not form part of the statutory financial statements. Page 21
Al-Zahra Association
Detailed Statement of Financial Activities for the Year Ended 5 April 2025
| Total Total |
|
|---|---|
| 2025 2024 |
|
| £ £ |
|
| Donations and legacies | |
| Appeals and donations (Restricted) | 160,312 - |
| Appeals and donations | 46,873 18,357 |
| Gift Aid | 6,682 - |
| Subscriptions | - 4,359 |
| 213,867 22,716 |
|
| Investment income | |
| Interest on cash deposits | 312 - |
| 312 - |
|
| Raising funds | |
| Fundraising costs | (17,518) (14,567) |
| Other fundraising costs | (481) (2,527) |
| Legal andprofessional fees | (1,650) (1,099) |
| (19,649) (18,193) |
|
| Charitable activities | |
| Grants payable - institutions | - - |
| Cost of teacher | (3,070) - |
| Independent examiner's fee | (1,200) - |
| Bank charges | - - |
| (4,270) - |
|
| Other expenditure | |
| Depreciation on freehold property | (13,634) - |
| IT Costs | - - |
| Equipment | - (818) |
| Rates and water | (1,620) (1,526) |
| Light, heat and power | (2,071) (530) |
| Insurance | (1,633) - |
| Telephone | (378) (350) |
| Propertymaintenance | (351) (3,408) |
| (19,687) (6,632) |
This page does not form part of the statutory financial statements. Page 22