Cbarity Registration Number: 1197315 AL-AHAI) FOiJNDATION TRUSTEES, ANNUAL REPORT AND FINAIYCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024
AAhad Foundation Contents Page Charity InforntiOn Trustecs, Annual Report Independent Examiner Report Income Statement Statement of Financial Position Notes to Financial Statements The following pages do not fonn part of the statutory accounts: Statement of Financial Activities
Al-Ah2d Foundatlon Charity InformAtlon For The Year Ended 31 May 2024 Trustees Mr Ghulam Fareed Mr Ammer Iqbal Mr Ameen Elahi Charlty Reglstratlon Number 1197315 Independent Exan)Iner Girach & Mannan Ltd Chartered Certified Accountants l Mychell House Pincott Road Wimbledon SW19 2NN Charlty Address Al-Ahad Foundation 66 Gelsthorpe Road Romford Essex RM5 2LX Page I
Al-Ah94d Foundadon Charity 119731S Trustees, Report For The Year Ended 31 May 2024 The trnstees present their report with the fLnartci&l statements of the charity for the year ended 31 May 2024. Th¢ tsvstees hve adopted the provisions of Accounting and Rq)orting by Clwities: Statemen¢ of Recommertded Prnctiee appli¢able to charities prepuing their accounts in aOrdanCe with th¢ Financial Reporting Standard applicable IA the UK and Republi¢ of Irelynd (FRS 102) {¢ffectsve l January 2019). OWECTIVES AND A1vITIEs Objecdves and Alms The objective of the charity &4 set out in i¢S govemin8 docum¢rti is as follows.. The advaneement of1s14mie faith throu8hout Essex and the UK for th¢ benefit of public mainly but not exclusively through provision for a place of worship. reliBious educ4tion, condueting r¢li8iou$ eeremonies and to provide pastoral care for the community. The ¢ru$ie¢s review the aims and objectives to ertsure that they ar¢ in line with the public benefit of th¢ ¢ommutii¢y. In condu¢ting this review, the trust¢es have considered Ch8rity Commission's Ser&I guidan¢¢ on public benefLL SIKnlfl¢•nt #ttlvlil In addition to the provision ofweekly pray¢rs gnd con8re8ation facilities, the charity is continuing to provide soeial welfare through seminars. talks and ¢motional 8UPPOrt to m¢mbeJ8 of the community. The ch8rity also organised various event$ for the community durin8 the yeor. celebrating various fcstivais and brin8in8 various groups and members of the conununity together. ACHIEVEMENT AND PERFORMANCE Chrltable ietlvltlei Throughout tlie year the ¢hArity maintained the centre to achieve its objective$ and the Thtses satisfied with the overall perfom)Ance of the eharity. FINANCIAL REVfEW Prlnclpal fundlng sovre The principal source of fvndin8 is through voluntary donations from donors within the locAI communi¢y. The trusr¢e continued to ur¢ further donations for the tharity throu8h appeals durin8 Ramadan and as iequired on as and wh¢n basis. Reservei pollcy The tnjstees T¢8ularly review the reserves of the ¢hgrity. The policy is lo hold enou8h re5ery¢$ to meet three to four months op¢Min8 cos¢S. The re8erve funds do noi includ¢ fixed &ss¢rs or other t8nBible assets. STRUCTURL GOVERNANCE AND MANAGEMEL¥T GoY¢rnlng do¢ument Al-ahad Foundation is an incorporated chanble organisation with the ¢hArities Commission under clwity Ye8i8tration number 1197315. It is governed by its nStitUtIon dated 4 June 2021. OrgAnliatlonl structure The board of trnstees oversee the running of the ¢h•rity on a day-tfrday bLqis. All operational decisions gre made 4t boAtd meetin8S whieh are held frequently throughout the yur. The ttNstee5 of the eharity do not receive ¥ny remuneration or financial benefit for their servi¢ts. Approved by order of th¢ board of ¢w$tees on 4th December 2024 and signed on its betlf by: Mr Ghulam Fareed Trustee Mr Ammer Iqbal Tnlee Mr Ameen Elahi Trustee Page 2
Al-Ahad Foundation Independent Examiner Report For The Year Ended 31 May 2024 Independent examiner's report lo the tru51ees of AkAhad Foundstio I r¢port to the charity trust¢¢s on my cxaminalioj) of the accounts of Al-ahad Foundation for the year ended 31 May 2024. Responsibilities and b¥sis of rtport As the charily trustc¢s you arc responsiblc for th¢ prepardtion of th¢ aCllnts in accordance with ihe rcquirem¢nts of the Charities Act 2011 {'Ihe Act,). I report in respect of my examination of the charity's accounts carried oui under section 145 of lh¢ Act and in caTryin8 out my cxamination I have followed all applicable Dircclions given by the Charity Commission under s¢¢lion 145(5){b) of ihc Act. Indcpendent examiner's St*teTheDt I have completed my examination. l ¢onfirn1 that no material matters have come to my altention in connli0n with the LXMinal10n uiving me cause to b¢li¢ve that in any maierial respect.. ccounling records were noi k¢pi in respect of ihe Twsl as r¢quiTed by se¢iion 130 of the Act- or the accounts do not accord with ihos¢ records. or th¢ account5 do noi Comply with thc #ppli¢ablc requircments concerning thc fornj and content of accounts set oul in ihe Charities (Accounis and Reports) Rcgulalions 2008 other than any requir¢ment that the accounts 8iv¢ a irue and fair view which is nol a maii¢r Considcrcd as part of ali indep¢nd¢nt examination. I havc no concerns and have com¢ across no oih¢r maners in ¢onn¢ciion with ihc examination lo which aiienlion should bc drawn in this rcport in ord¢r to enable a prop¢r underslanding of lh¢ a¢¢ounls to bc rCh¢d. Girach & Mannan Lid Charlercd Ccrtificd Accountanls l Mychell House Pin¢olt Road Wimbledon SW192NN I l December 2024 Pa8E3
AAhad FouDd*tion Ineome Statement For The Year Ended 31 May 2024 31 May 2024 31 May 2023 Notes DONATIONS 113357 4S468 Administrative expenses (27,146) (24,077) NET INc0E 21J91 Other interest receivable and similar incoffj¢ 321 NET INCOME FOR THE FNANCIAL YEAR 86.432 21,395 The notes on page 6 forni part of these fllMllCi41 Staktts. Page 4
Al-Ahad Foundatlon Ststement of Fin*nelal Posltion A$ At 31 May 2024 31 MAY 2024 31 May 2023 Notes FIXED ASSETS Tangible Assets 353 528 3S3 528 CURRE ASSETS Cash at bank and in hand 108,434 21.827 108,434 21,827 Credltors: Amounts FAlllng Due Wlthln On¢ Year (960) (960) NET CURRENT ASSETS {LIABJLITIES) 107,474 20,867 TOTAL ASSETS LESS CURRENT LIABILITIES 107,827 21J95 NET ASSETS 107,827 21J95 Income Ststement 107,827 21,395 TOTAL FUNDS 107,827 21J95 The financial statements were approved by the Board of Tnjstees and authorised for issue on 4 December 2024 and were signed on ils behalf by: Mr Ghulam Fareed Trustee Mr Ammer Iqbal Trustee Mr Ameen Elahi Trustee The notes on pe 6 forni part of these fKial ststements. Page 5
AkAbgd Foundth Notes to the FInattCl StAtements For Th¢ Year Ettdtd 31 MAY 2024 l. Gener81 Informatlon Al-Ahad Foundation is a Registered Charity, Incoryrn1e irt & Wale4 re8tstered numbtt 1197315. The r¢gi$tered oifi¢¢ is 66 Gelsthorpe ROO Rornford RM5 2LX. l A¢¢ountlng Polldes 11. Bisls of Preparntlon of FID•Dclal Ststsments The financial $tstements of the charity. which is a publi¢ lnefitetiry UrtderFRS 101 hav¢ beeft prepared in aecordance with ¢he Charili¢s SORP (FRS 102)'A¢¢ounting and RqrtIrt8 by Charities: Siatemenl of Reeommended Practice applicable ¢0 chariiies pr¢paTinB their accounts in a¢¢ordance with thc Finartcial Rq)orting Standerd applieable in the UK and Republic of Irelond (FRS 102) {¢ffective l January 20191,. Financi81 Rcporting Standard 102 Yhe Fingn¢ial Reporting Standard 4)plicable An the UK and Republic of Ireland, and the chltieS Act 2011. The finon¢ial ststements have been prepared uttder the histori¢al cost collv¢n¢ion 2.2. Income All income is recognised in the Statement of Financial Activiues once the ¢h•riiy Iw entid¢Ml to the fund4 it is probable thAL the incom¢ will be re¢eiv¢¢ the amount ¢an be measured reliably. ExpeDdlture Liabilities are reeo8nised as exp¢ndillJre as as thue is a le881 or constru¢tivt obliga¢ion eommitiin8 the Charity to th expenditure. it is probable tha¢ o transfer of economic benefits will be requir¢d in settlemertt and the amounl of the obli8&tion Cgn be measured reliably. Expenditure is OUnted foron an accnjals basis and has been elessified under headin85 thAt a88re8at¢ 011 cosi related to the cate80ry. Where ci>sts aiinot b¢ dir¢¢tly attributed particular he&din8s. thcy have beea allocated to activilies on a basi$ consis¢¢n¢ with the use of res(x 2J. T#nRlble Flxed Aits And Depr¢¢l#tloTr Tan8ible fix¢d Lssets are measured at cost It accumulawl depr]4¢10ll and any eMu1led impAirnien¢ los. Depre¢iion is provided a¢ rotes calculated w write off the of the fixed less their eAim4t¢d residu41 value, over th¢ir expe¢red eful lives on the followin8 bAses'. Computer u1PMent 2• Stiai8ht Line Metrffjd 3. Trnstees RemunerAtlollJ Benellti There were no In, Tanuth¢ralioD or otherbeDefits for the year ended 31 MAY 2024. 4. Tlnilble Amet• Computer ulpment Coit As at l June 2023 705 As At 31 Msy 2024 705 Depretlatlo AS 4t l June 2023 Provided during the period 177 175 As at 31 May 2024 352 Net Book V*lyt As at 31 May 2024 353 As at l June 2023 528
AAad Foundadon Notes to the fin¢1171 Ststemtnts For The yr Etsded 31 Ma 2024 Credltors: Amounts FAilln£ Due Wlthkn Ont Year 31 M*y 21124 31 Miy 2023 A¢¢nlS and deferted incon 960 6. Rel•ted Party Dlselosures The were no fflated paty transactions for the year ended 31 May 2024. Pagc 7
Al-Ahad Foundadon Statement of Flnaneial Activities For The Yr Ended 31 May 2024 31 May 2024 31 MAY 2023 Donatlons Donations 113.257 45,468 Admlnlstratlve Expenses Staff welfare Rent Cleaning Computer software. consumables and maintenance Printing. postage and stationery Community Events Telecommunications and data costs Accountancy fees Card Machine Charges Charitable donations Depreciation of computer equipment Sundry expenses 450 17.762 200 966 754 4,147 26 18,479 258 475 23 960 419 3.080 176 207 597 1,000 176 108 (27,146) (24,077) NET INCOME 86,111 21,391 Other Interest recelvable and slmllar Income Bank interest reccivable 321 321 NET TrICOME FOR THE FINANCIAL YEAR 86,432 21,395 Page 8