CHARITY REGISTRATION NUMBER 1197010 AL-HABEEB FOUNDATION
FINANCIAL STATEMENTS 31 DECEMBER 2024
AL-HABEEB FOUNDATION
FINANCIAL STATEMENTS PERIOD TO 31 DECEMBER 2024 CONTENTS PAGE
Trustees Annual Report Independent Examiners Report 4 Statement of Financial Activities 5 Balance Sheet 6 Notes 7-8
AL-HABEEB FOUNDATION
TRUSTEES ANNUAL REPORT PERIOD TO 31 DECEMBER 2024
The Trustees have pleasure in presenting their report and the unaudited financial statements of the Charity for the period to 31 DECEMBER 2024.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered charity name AL-HABEEB FOUNDATION
CHARITY REGISTRATION number 1200939
Registered office: 45 PROSPECT STREET, HUDDERSFIELD, HD1 2NX
THE Trustees
The Trustees who served the charity during the period were as follows:
USMAN ALI (resigned 31/10/2024) HABIB ULLAH MOHAMMED MUSTFA TAUQEER AHMED
Charity Accountants
Fusion Accounting Ltd 398A East Park Road, Leicester, LE5 5HH
STRUCTURE, GOVERNANCE AND MANAGEMENT
AL-HABEEB FOUNDATION is a charitable incorporated organisation (CIO) governed by its constitution dated 8[th] December 2021 and was registered with the Charity Commission on the 8[th] of December 2021.
OBJECTIVES AND ACTIVITIES
The objectives of the organisation, as set out in its governing document are:
(1) to relieve financial hardship among poor people and other people in need by means of, but not exclusively, making grants for providing or paying for items, equipment, services and facilities, including the provision of food, water and costs for medical treatment for the benefit of the said persons;
(2) to advance the religion of Islam by means of, but not exclusively, provision or assistance in the provision of facilities for Islamic education, in accordance with the teachings of the Quran and the teachings of Prophet Muhammad (pbuh) as interpreted and accepted by the AhleSunnah Wal-Jamaa-ah school of thought.
ACHIEVEMENTS AND PERFORMANCE
During the period the trustees delivered a Masjid building project resulting in several Masjids being completed in Pakistan and delivered financial hardship relief projects. Among these projects were the delivery of food packs monthly to over 450 poor families, financial hardship support to 22 families, installation of 62 water hand pumps in poor areas, distribution of Iftar packs and conducting multiple qurbanis benefitting over 300 families.
- 1 –
AL-HABEEB FOUNDATION TRUSTEES ANNUAL REPORT fr4rfw•dJ PERIOD TO 31 DECEMBER 2024 PUBLIC BENEFIT STA TEMENT The Irustees have considered gerwal on public benefil issued by Charrty Commission and has taken due ward d ihat guarKe. The trustees consKlw thal Ihty we satis1 that the charity'8 8divliie8 do benefft the wblSc 11 18 adVaNa Islam lor put4ic benefit and meeltng an Identifiable need lor Ihose In finawl hardship. The trustees have bffiefitled many Indiwduals and families 8fKI has helped them lo luifil thew rehgious need5 and basic necesgts'es Io su51ari lrfe. FINANCIAL REVIEW The trustees secured Ino)me 01 £119,148 period. The expenthhxe dng ped was £81.597 of vA)ich £79,420 were grants fty chafrtabkn sxq•cts, This gowated a surp$ d £37.551 for the year. Al Ihe end ol penod chan'ty hekl £37.541 tn reser¥es the chty intends to use lof luturo chanta)le exp&)dilure. There pobcy to retan reser m ¢he chanty PLANS FOR FUTURE PERIODS Fulure plans are to contsnue kn delivw the financial rel wqects lo the w and rnedy. RESPONSIBIUTIES OF THE TRUSTEES The thanws truslees are reswngble for prepanry the Truslees AnNal Report arKI the financ¢al slalements In accordance ¥th applicable lThi afKI UTrted KIrTr Slarwjards <Uniied 'ngdom Genwally Accepted AccountsTrJ PractKe} The lafii applicable to charrties in England and Wales requiTes the truslees lo prepare finantial statnents for each financial ye4V give a trL arKI lair Yw Ot the slate ol affairs of the chanty and ol the Incoming resr£¢$ and ieabon ol res(XJfces CA the chanty lor that period In prepanng these finar£ial statements. the trustees we requi lo: select sultable 8CC4yJnting pLq#xs and then apth th•ii corstskndy; observe the Mell1$ arxl pnnoples in the chare$ SORP. make iudgemerts and estimates thal are reasuwble and pruderrf. state whether applicable aCcntird starKlafds have been lollo•d. siknjeca to any mateflal departures ¢Jisdosed and explaned In the finanoal 5ts1nents. Ppare the finanoal statsments ¢x) the going ccAicem basis urdess It is inapwwiate to preswne that ts chty will in operalicfi. The trustees are responsible lor keer*rYJ woper accwrtwig ld5 Ihat (fjsdose with TeasonabEe curacy * any tsme the financial posilth ol the clianty enable Ihem lo enswe thal the final stsiements CA)mply Ihe Chanbes Acl 1993 Ihe Chty (ACC¢yts and RepMs) RegulatsMs 2008 Tye trusiees are also responsil%e lty safeguardirvJ the assets ol Ihe chanty arrfl hence for lakirKJ reasonable stsps lor the eVen1K)n and deteciion of fra and Other Irregularths. APPROVAL Th• fewt was approved by Ihe Tru#ees on 30K?&25 and 5vJned they beham by Hkneeb uifah Ch8tfman & Tru51ee
AL-HABEEB FOUNDATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
I report to the charity trustees on my examination of the accounts of the Charity for the year ended 31st DECEMBER 2024.
Responsibilities and basis of report
The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (“the Charities Act”) and that an independent examination is sufficient for external scrutiny.
It is my responsibility to:
-
examine the accounts under section 145 of the Charities 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
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. 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
In connection with my examination, no material matters have come to my attention which gives me cause to believe that in, any material respect:
-
the accounting records were not kept in accordance with section 130 of the Charities Act; or
-
the accounts did not accord with the accounting records; or
-
the accounts did not comply with the applicable 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 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.
M Suleman 30/09/2025 Principal Accountant Fusion Accounting Ltd, 398A East Park Road Leicester LE5 5HH
-3-
AL-HABEEB FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES (SOFA) PERIOD TO 31 DECEMBER 2024
| Total Funds | |||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Period to | Total | ||
| Funds |
Funds | 31 Dec 24 | 31 Dec 23 | ||
| Note | £ | £ | £ | £ | |
| INCOME from | |||||
| donations and legacies | 119,148 | - | 119,148 | 64,466 | |
| charitable activities | |||||
| other trading activity | |||||
| Investment income | |||||
| Other income | |||||
| Total | 119,148 | - | 119,148 | 64,466 | |
| EXPENDITURE | |||||
| on raising funds | 1,387 | - | 1,387 | - | |
| charitable activities | 80,210 | - | 80,210 | 64,975 | |
| other expenditure | - | - | - | - | |
| Total | 81,597 | - | 81,597 | 64,975 | |
| Net Income before Tax | 37,551 | - | 37,551 | (509) | |
| Tax payable | - | - | - | ||
| Net income after Tax | 37,551 | - | 37,551 | (509) | |
| Net gains/losses on assets | |||||
NET INCOME |
37,551 | - | 37,551 | (509) | |
| Transfers between funds | |||||
| - | - | - | - | ||
| Net movement in funds | |||||
| - | - | - | - | ||
| Reconciliation of funds | |||||
| Total funds brought forward | (10) | - | (10) | 499 | |
| Total funds carried | 37,541 | - | 37,541 | (10) | |
| forward |
-4-
AL-HABEEB FOUNDATION BALANCE SHEET PERIOD TO 31 OECEMBER 2024 Total Funds Period to 31 De¢ 24 Unrn5trl¢t Restri¢t•d Funds Funds Total 31 D8¢ 23 Not• FIXED ASSETS T8Th3le fixed assets CURRENT ASSETS Cash in barét 38.291 38,291 Total 38,291 38,291 UABIUTIES Credrttxs faljiry due wrfhffi 4 (Th year 7SO 750 1.350 Net cwrent assets 37.541 37,541 liablib'es Total Net Assets 37,541 (10> Th• fund5 of th• chafity Unrestncled funds Reslncted lurrfjs 37,$41 110} Tot•1 37.541 110) These accnts ¥19 abvoved ty the Trustees 071(rK2024 syned on behall ty Habeeb Uuah Chwrman & Trusleo
AL-HABEEB FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS PERIOD TO 31 DECEMBER 2024
1. ACCOUNTING POLICIES
a) Basis of accounting
The accounts have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and with the Charities Act 2011.
The new accounting policies are relevant to the size and nature of the charity's income for the period.
The change in accounting policy has only resulted in minor non-material differences arising. As such no requirement to restate prior or current year figures has arisen.
The charity constitutes a public benefit entity as defined by FRS 102.
b) Fund accounting
Unrestricted funds are general funds that are available for use at the trustees' discretion in furtherance of any of the objectives of the charity.
Restricted 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 and the restriction means that the funds can only be used for specific projects or activities.
c) Incoming resources
Voluntary income, including donations, gifts and legacies and grants that provide core funding or are of a general nature, are recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability.
Income from charitable activities includes income recognised as earned (as the related goods or services are provided) under contract or where entitlement to grant funding is subject to specific performance conditions. Grant income included in this category provides funding to support programme activities and is recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability.
d) Resources expended
Expenditure is recognised when a liability is incurred. Funding provided through contractual agreements and performance related grants are recognised as goods or services are supplied. Other grant payments are recognised when a constructive obligation arises that results in the payment being an unavoidable commitment.
Costs of raising funds are those costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds.
-6-
AL-HABEEB FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (continued) PERIOD TO 31 DECEMBER 2024
2. Staff Disclosures
There were no staff employed by the organisation during the year. No staff received remuneration above £60,000 during the period.
3. LIABILITIES: Amounts falling due within one year
£ ===== TOTAL 750
Trade creditors Accountancy & Examination Fees for 2024 750
4. CONNECTED PARTY TRANSACTIONS
There were no payments made to trustees or connected person during the period.
-7-