AL 4AYAT TRUST Charity No. 1193461 Company No. CE024861 Trustees, Report and Unaudited Accounts 31 January 2025
AL HAYAT TRUST Contents Pages Trustees, Annual Report Independent Examinei"'s Report Statement of Financial Activities Summary Income and Expenditure Account Balance Sheet 2to3 Statement of Cash flows Notes to the Accounts Detailed Statement o! Financial Activities 9t013 14to15 Page I
AL HAYATTRUST Trustees Annual Report The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited f inancial statements of the charity for the year ended 31 January 2025. REFERENCE AND ADMINISTRATIVE DETAII_S Company No. CE024861 Charity No. 1193461 Principal Office Al-Hayat Centre Unitl-3 Dukes Road Southampton S014 OSQ Registered Office AL HAYAT TRUST UNIT 1- 3 DUKES ROAD SOUTHAMPTON S014 OSQ Directors and Trustees The Directors of the charitable company are it£ Trustees for the purposes of charity law. The following Directors and Trustees served during the year: Rizwan Hussain Sabir Hussain Key Management Personnel Chair Trustee Rizwan Hussain Sabir Hussain Imran Hussain Trustee Accountants Southampton Accountancy Services 44 Northam Road Southampton S014 OPA Bankers Starling Bank 5th Floor London Fruit and Wool Exchange l Duval Square London El 6PW Page 2
AL HAYATTRUST Trustees Annual Report The Trustees are responsible for keepirig proper accounting records that disclose with reasonable accuracy at any time the financial positiori of the charity dnd t.cj enable them to ensure that the financial statements comply with the Companies Act 2006. The I i Ustees are also responsible for safeguarding the assets of the charity and hence taking reasonable step) for +he prevention and detection of fraud and other irregularities. The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 c)f the Companies Act 2006 and in accordance with the Charities SORP (FRS 102). Signed on behalf of the board Rizwan Hussain Trustee 31 January 2025 Page 3
AL HAYAT TRUST Independent Examiners Report Independent Examiner's Report to the trustees of AL HAYAT TRUST I report to the charity trustees on my examination of the financial statements of AL HAYAT TRUST for the year ended 31 January 2025. Responsibilities and basis of report As the charity's trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial state;ments in accordance with the requirements of the Companies Act 2006 ('the 2006 Act. Having satisfied myself that the financial statements of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's financial statements as carried out under section 145 of the Charities Act 2011 ('the 2011 Act,). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act. Independent examiner's statement I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe: accounting records were not kept in accordance with section 386 of the 2006 Act , or the financial statements do not accord with those records; or the financial statements do not comply with thp accounting requirements under section 396 of the 2006 Act other than any requirement that the financial statements give a 'true and fair, view which is not a matter considered as part of an independent examination; or the financial statements 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 financial statements to be reached. Ashraf Sumra Member of Institute of Certified Bookkeepers (MICB CB.Cert) Southampton Accountancy Services 44 Northam Road Southampton S014 OPA 31 January 2025 Page 4
AL HAYAT TRUST Statement of Financial Activities for the year ended 31 January 2025 Unrestricted funds Total funds Total funds 2025 2025 2024 Notes Income and endowments from: Donations and legacies 92,197 92,197 60,842 60,842 Total 92,197 92,197 Expenditure on: Other 45,947 45,947 45,947 43,137 45,947 43,137 Total Net gains on investments Net income 17,705 46,250 46,250 Transfers between funds Net income before other gains/(losses) Other gains and losses Net movement in funds 46,250 46,250 17,705 46,250 46,250 17,705 Reconciliation of funds: Total funds brought forward Total funds carried forward 47,691 47,691 29,986 93,941 93,941 47,691 Page 5
AL HAYATTRUST Summary Income and Expenditure Account for the year ended 31 January 2025 2025 2024 Income 92,197 60,842 Gross income for the year Expenditure 92,197 60,842 45,384 42,387 Depreciation and charges for impairment of fixed assets Total expenditure for the year Net income before tax for the year 563 750 45,947 43,137 46,250 17,705 Net income for the year 46,250 17,705 Page 6
AL HAYAT TRUST Balance Sheet at 31 January 2025 Company No. CE024861 Notes 2025 2024 Fixed assets Tangible assets 76,687 76,687 2,250 2,250 Current assets Cash at bank and in hand 17,254 17,254 17,254 45,441 45,441 45,441 Net current assets Total assets less current liabilities Net assets excluding pension asset or liabilitv 93,941 47,691 93,941 47,691 Total net assets 93,941 47,691 The funds of the charity Restricted funds Unrestricted funds General funds 93,941 47,691 93,941 47,691 Reserves Total funds 93,941 47,691 These accounts have been prepared in accordan,ce with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. For the year ended 31 January 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small compaiiies. The members have not required the company to gbtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. Approved by the board on 31 January 2025 And signed on its behalf by: Rizwan Hussain Trustee 31 January 2025 Page 7
AL HAYATTRUST Statement of Cash flows for the year ended 31 January 2025 2025 2024 Cash flows from operating activities Net income per Statement of Financial Activities 46,250 17,705 Adjustments for: Depreciation of property, plant and equipment 563 750 Net cash provided by operating activities 46,813 18,455 Cash flows from investing activities Payments for property, plant and equipment (75,000) Net cash used in investing activities (75,000) Net cash from financing activities Net (decrease)/increase in cash and cash equivalents (28,187) 18,455 Cash and cash equivalents at the beginning of the year 45,441 26,986 Cash and cash equivalents at the end of the year 17,254 45,441 Components of cash and cash equivalents Cash and bank balances 17,254 45,441 17,254 45,441 Page 8
AL HAYAT TRUST Notes to the Accounts for the year ended 31 January 2025 l Accounting policies Basis of preparation The financial statements have beeii 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 I January 2015) - (Charities SORP (FRS IQ?.)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS I02) and the Companies Act 2006. Change in basis of accounting Of to previoLlS accounts There has been no change to the ar.COLintir•,g policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years. Fund accounting Unrestricted funds These are available for ijse at the discretion of the trustees in furtherance of the general objects Gf the charity. These are unrestricted fiJnds earmarked by the trustees for particular purposes. These are unrestricte.d funds which include a revaluation reserve representing the restatement of investment assets at their market values. These are available for use subject to restrictions imposed by the donor or through terms of an appeal. Designated funds Revaluation funds Restricted funds Income Recognition of income Income is included in the Statement of Financial Activities (SOFA) when the charity becomes entitled to, and virtually certain to receive, the income and the amount of the incomp can be Ineasured with sufficient reliability. Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SOFA. Donations and legacies Voluntary income received by way of grants, donations and gifts is included in the the SOFA when receivable and only when the Charity has unconditional entitlement to the income. Tax reclaims on Income from tax reclaims is included in the SOFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material. Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on investment assets This includes any gain or loss on the sale of investments. Page 9
AL HAYAT TRUST Notes to the Accounts Expenditure Recognition of expenditure Expenditure is recognised on an accruals basis. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates. Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading co.sts arid investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs. All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. These include those costs associated with meeting the constitutional and statutory requirementc of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs. These are support costs not allocated to a particular activity. Grants payable Governance costs Other expenditure Taxation The charity is exempt from corporatiori tax on its charitable activities. Cash and cash equivalents Cash and cash equivalents Lomprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management. 2 Company status The company is a private company limited by guarantee and consequently does not have share capital. Page 10
AL HAYAT TRUST Notes to the Accounts 3 Statement of Financial Activities - prior ye3r Unrestricted funds Total funds 2024 2024 Income and endowments from: Donations and legacies Total 60,842 60,842 60,842 60,842 Expenditure on: Other 43,137 43,137 Total 43,137 43,137 Net income 17,705 17,705 Net income before other gains/(losses) Other gains and losses: Net movement in funds 17,705 17,705 17,705 17,705 Reconciliation of funds: Total funds brought forward Total funds carried forward 29,986 29,986 47,691 47,691 4 Income from donations and legacies Unrestricted Total Total 2025 2024 52,295 39,902 92,197 52,295 39,902 92,197 60,842 60,842 5 Other expenditure Unrestricted Total Total 2025 2024 Employee costs Motor and travel costs Premises costs Amortisation, depreciation, impairment, profit/loss on disposal of fixed assets General administrative costs Legal and professional costs 13,310 584 13,310 584 21,510 7,930 7,930 3,243 563 563 750 20,760 2,800 45,947 20,760 2,800 45,947 16,914 720 43,137 Page 11
AL HAYAT TRUST Notes to the Accounts 6 Net income before transfers 2025 2024 This is stated after charging: Depreciation of owned fixed assets Depreciation of assets held under finance leases and hire purchase contracts Independent Examiner's fee 7 Staff costs 563 750 650 2025 2024 Salaries and wages 13,310 13,310 21,510 21,510 No employee received emoluments in excess of £60,000. 8 Tangible fixed assets Cost or revaluation At l February 2024 Additions At 31 January 2025 Depreciation and impairment At l February 2024 Depreciation charge for the year At 31 January 2025 Net book values At 31 January 2025 At 31 January 2024 9 Movement in funds 4,000 4,000 75,000 79,000 75,000 75,000 4,000 1,750 1,750 563 563 2,313 2,313 75,000 1,687 2,250 76,687 2,250 Incoming resources (including Atl other Cebruary gains/losses 2024 At31 Resources expended January 2025 Restricted funds: Unrestricted funds: General funds 47,691 92,197 (45,947) 93,941 Total funds 47,691 92,197 (45,947) 93,941 Page 12
AL HAYAT TRUST Notes to the Accounts 10 Analysis of net assets between funds Unrestricted funds Restricted funds Total Fixed assets 76,687 15,250 91,937 76,687 17,254 93,941 Net current assets 2,004 2,004 11 Reconciliation of net debt Atl At31 February 2024 January 2025 Cash flows Cash and cash equivalents 45,441 45,441 (28,187) (28,187) 17,254 17,254 Net debt 45,441 (28,187) 17,254 12 Related party disclosures Controlling party The company is limited by guarantee and has no share capital; thus no single party controls the company. Page 13
AL HAYAT TRUST Detailed Statement of Financial Activities for the year ended 31 January 2025 Unrestricted funds 2025 Total funds 2025 Total funds 2024 Income and endowments from: Donations and legacies 52,295 39,902 92,197 52,295 39,902 92,197 60,842 60,842 Total income and endowments 92,197 92,197 60,842 Expenditure on: Employee costs Salaries/wages 13,310 13,310 13,310 13,310 21,510 21,510 Motor and travel costs Travel and subsistence 584 584 584 584 Premises costs Rent 250 Rates Light, heat and power Premises cleaning Other premises costs 636 636 765 5,241 262 5,241 262 1,954 274 1,791 7,930 1,791 7,930 3,243 General administrative costs, including depreciation and amortisation Depreciation of Bank charges Equipment expensed Equipment repairs and maintenance 563 563 750 286 286 126 964 964 1,160 6,522 6,522 3,835 General insurances Stationery and printing Subscriptions Sundry expenses Telephone, fax and broadband 987 987 986 4,061 132 4,061 132 3,580 157 7,428 380 7,428 380 6,762 308 21,323 21,323 17,664 Legal and professional costs Accountancy and bookkeeping Consultancy fees Solicitor's fees Other legal and professional costs 650 650 1,150 800 1,150 800 200 200 720 Page 14
AL HAYAT TRUST Detailed Statement of Financial Activities 2,800 2,800 720 Total of expenditure of other costs Total expenditure Net gains on investments 45,947 45,947 43,137 45,947 45,947 43,137 46,250 46,250 17,705 Net income Net income before other gains/(losses) Other Gains 46,250 46,250 17,705 Net movement in funds 46,250 46,250 17,705 Reconciliation of funds: Total funds brought forward 47,691 47,691 29,986 Total funds carried forward 93,941 93,941 47,691 Page 15