# **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 fr4rf*w•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 gu￿arKe. The trustees consKlw thal Ihty we satis1￿￿ that the
charity'8 8divliie8 do benefft the wblSc ￿ 11 18 adV￿aNa 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 d￿ng pe￿d 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 KIr￿Tr Slarwjards <Uniied
'ngdom Genwally Accepted AccountsTrJ PractKe}
The lafii applicable to charrties in England and Wales requiTes the truslees lo prepare finantial
stat￿nents for each financial ye4V give a trL* arKI lair Y￿w Ot the slate ol affairs of the chanty
and ol the Incoming res￿r£¢$ 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 Mell￿1$ arxl pnnoples in the char￿e$ SORP.
make iudgemerts and estimates thal are reasuwble and pruderrf.
state whether applicable aCc￿ntir￿d starKlafds have been lollo•￿d. siknjeca to any mateflal
departures ¢Jisdosed and explaned In the finanoal 5ts1*nents.
P￿pare 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 l￿d5 Ihat (fjsdose with TeasonabEe
curacy * any tsme the financial posilth ol the clianty enable Ihem lo enswe thal the fin￿￿al
stsiements CA)mply Ihe Chanbes Acl 1993 Ihe Chty (ACC¢y￿ts 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**<br>|**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||||||
|<br>**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
T8Th3￿le 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 acc￿nts ¥￿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-**