Charity number: 1189395
AL-KISA FOUNDATION
Trustees' report and financial statements for
the year ended 31 May 2024
AL-KISA FOUNDATION
Contents
| Page | |
|---|---|
| Legal and administrative information | 1 |
| Trustees' report | 2 - 3 |
| Independent examiners' report | 4 |
| Statement of financial activities | 5 |
| Balance sheet | 6 |
| Notes to financial statements | 7-9 |
Al-Kisa Foundation
Legal and administrative information
| Charity number | 1189395 |
|---|---|
| Business address | 13 Whitehouse Avenue |
| Borehamwood | |
| WD6 1HA | |
| Registered office | 13 Whitehouse Avenue Borehamwood |
| WD6 1HA | |
| Trustees | Dr. Asif Dahya |
| Alia Merali | |
| Aliya Yusafali | |
| Accountant | S.K. Accounting & Tax Services Limited |
| 110 Hillside Gardens | |
| Edgware | |
| HA8 8HD |
Page 1
Al-Kisa Foundation
Report of the trustees for the year ended 31 May 2024
The trustees present their report and the financial statements for the year ended 31 May 2024. The trustees who served during the year and up to the date of this report are set out on page 1.
Structure, governance and management
Al-Kisa foundation was formed & registered as a CIO on 7 May 2020. The trustees have set up the systems and objectives.. The Charity is governed by three trustees and one member. This forms the basic structure of the charity. All the trustees perform their duties as rules set out in the constitution. The constitution sets out the powers, proceeding, administrative powers and benefits of trustees including the tenure and appointment of trustees and permanent member guidance.
The trustees are responsible for making decision on all matters of general concern and importance including deciding on how the funds are spent.
Objectives and activities
Al-Kisa Foundation aims to assist parents and educators in shaping and nurturing the minds and souls of the future generation. Through the distribution of Islamic Studies curriculum, children's Islamic literature, Islamic projects resources, and more. It strives to support caregivers and equip them with some of the tools needed to educate and nurture children.
Achievements and performance
Al-Kisa is a newly formed CIO under the charities act. The trustees have set up the systems and objectives for these events. The Charity was able to raise sufficient funds by books sales and individual donations. The Charity expects to continue raise money by growing its book sales to fulfil its objects in the future years as the Charity grows.
Financial review
The Trustees report that income received in the year was £76,383.
The Trustees spent £43,204 during the year. These expenses consist of charitable expenses, consultancy fees, storage, travel, Postage, packaging, and distribution of books.
The above resulted in surplus of income over expenditure for the year of 33,179. The charity has reserve fund C/FWD of £ 38,468 available.
The Trustees confirm their commitment to carry on the Charity within the funds available.
Page 2
Al-Kisa Foundation
Report of the trustees for the year ended 31 May 2024
Statement of trustees' responsibilities
The trustees are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of charity and of the incoming resources and application of resources of the charity for that year. In preparing these financial statements the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards have been followed, subject to any material 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 operation.
The trustees are responsible for keeping proper accounting records which 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 1993 and the Charity (Accounts and Reports) Regulations 2008. 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
On behalf of the board
Dr. Asif Dahya Trustee
26 March 2025
Page 3
Al-Kisa Foundation
Independent examiner's report to the trustees on the unaudited financial statements of AL-Kisa Foundation.
I report on the accounts of Al-Kisa Foundation for the year ended 31 May 2024 set out on pages 2 to 9.
Respective responsibilities of trustees and independent examiner
As the charity's trustees you are responsible for the preparation of the financial statements in accordance with the requirements of the charities Act 2011 (“the Act”) you consider that the audit requirement of section 43(2) of the Charities Act 1993 (the Act), as amended by section 28 of the Charities Act 2006 does not apply and that an independent examination is needed. It is my responsibility to examine the accounts under section 43(3)(a) of the Act, as amended; to follow the procedures laid down in the General Directions given by the Charity Commission under section 43(7)(b) of the Act, as amended; and to state whether particular matters have come to my attention.
Basis of independent examiner's statement
My 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 accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. 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 is limited to those matters set out in the statement below.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any Material respect:
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Accounting records were not kept in respect of the charity as required by section 130 of the Act or
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The financial statements do not accord with those records; or
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The financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the charities (Accounts and Reports) Regulations2008 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 the report to enable a proper understanding of the accounts to be reached.
.
S.K. Accounting & Tax Services Limited.
Independent examiner. 110 Hillside Gardens Edgware London, HA8 8HD
Page 4
Al-Kisa Foundation
Statement of financial activities
For the year ended 31 May 2024
| Notes Incoming resources Incoming resources from generating funds: Donations 2 Book Sales 2 Total incoming resources Resources expended Charitable Activities Printing, Postage & stationery Consultancy Fees Storage Expenses Travelling Expenses Other Office expenses Total resources expended Net income/(expense) for the year Total funds brought forward Total funds carried forward |
||
|---|---|---|
| Unrestricted 2024 2023 |
||
| funds Total Total |
||
| Notes | £ £ £ |
|
| Incoming resources | ||
| Incoming resources from generating funds: | ||
Donations 2 |
52,645 52,645 2,822 |
|
| Book Sales 2 |
23,738 23,738 12,691 |
|
| Total incoming resources | 76,383 76,383 15,513 |
|
| Resources expended | ||
| Charitable Activities | 29,391 29,391 - |
|
| Printing, Postage & stationery | 2,095 2,095 3,772 |
|
| Consultancy Fees | 7,598 7,598 10,474 |
|
| Storage Expenses | 3,250 3,250 2,410 |
|
| Travelling Expenses | 217 217 492 |
|
| Other Office expenses | 653 653 369 |
|
| Total resources expended | 43,204 43,204 17,517 |
|
| Net income/(expense) for the year | 33,179 33,179 (2,004) |
|
| Total funds brought forward | 5,289 5,289 7,293 |
|
| 38,468 38,468 5,289 |
The statement of financial activities includes all gains and losses in the year and therefore a separate statement of total recognised gains and losses has not been prepared.
All of the above amounts relate to continuing activitiesThe notes on pages 7 to 9 form an integral part of these financial statements.
Page 5
Al-Kisa Foundation
Balance sheet as at 31 May 2024
| Notes Current assets Cash at bank and in hand Creditors: amounts falling due within one year Net current assets Net assets Funds Unrestricted income funds Total funds |
2024 2023 38,468 38,468 (-) 5,289 5,289 (-) 38,468 38,468 38,468 5,289 5,289 5,289 |
|---|---|
The financial statements were approved by the trustee on 26 March 2025 and signed on its behalf
Dr. Asif Dahya
The notes on pages 7 to 9 form an integral part of these financial statements.
Page 6
Al-Kisa Foundation
Notes to financial statements for the year ended 31 May 2024
1. Accounting policies
The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and the preceding year.
1.1. Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Statement of Recommended Practice 'Accounting and Reporting by Charities' issued in March 2005 (SORP 2005) and the Charities Act 1993.
1.2. Cashflow
The charity has taken advantage of the exemption in FRS1 from the requirement to produce a cashflow statement because it is a small charity.
1.3. Incoming resources
All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
Voluntary income is received by way of Book sales to the general public and voluntary donation by individual donors.
The value of any services provided by volunteers has not been included. Gifts donated for resale are included as incoming resources within activities for generating funds when they are sold.
1.4. Resources expended
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.
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.
2. Voluntary income
. y Unrestricted funds £ Donations & Book Sales 76,383 76,383 |
2024 Total £ 76,383 76,383 |
2023 Total £ 15,513 |
|---|---|---|
15,513 |
Page 7
Al-Kisa Foundation
Notes to financial statements.
for the year ended 31 May 2024
3. Employees
Number of employees
| Number of employees | |
|---|---|
| The average monthly numbers of employees during the year, calculated on the basis of full time equivalents, was as follows: Administration 4. Trustees' emoluments There were no employees during the year. Remuneration and other benefits 5. Creditors: amounts falling due within one year |
2024 2023 Number Number - - |
| 2024 2023 £ £ -_ 2024 2023 £ £ - - |
Page 8
Al-Kisa Foundation
Notes to financial statements for the year ended 31 May 2024
6. Analysis of net assets between funds
| 6. Analysis of net assets between funds | ||||
|---|---|---|---|---|
| 7. Unrestricted funds Unrestricted Fund Fund balances at 31 May 2024 as represented by: Current assets Current liabilities |
Unrestricted funds £ 38,468 (-) 38,468 At 5,289 1 June 2023 |
76,383 Incoming resources |
Total funds £ 38,468 (-) 38,468 (43,204) Outgoing resources |
38,468 31 May 2024 |
| , |
Page 9