**REGISTERED CHARITY NUMBER: 1199617** ## **REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 FOR AL MUS'AB FOUNDATION** Owadally & King Chartered Certified Accountants 73 Park Lane Croydon Surrey CR0 1JG **AL MUS'AB FOUNDATION** **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023** ||Page| |---|---| |Report of the Trustees|1| |Independent Examiner's Report|2| |Statement of Financial Activities|3| |Balance Sheet|4| |Notes to the Financial Statements|5 to 6| |Detailed Statement of Financial Activities|7| **AL MUS'AB FOUNDATION** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023** The trustees present their report with the financial statements of the charity for the year ended 31 December 2023. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005. ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number** 1199617 ## **Principal address** 8 Smock Walk Croydon CR0 2UP ## **Trustees** M U Vohra M R Vohra ## **Independent examiner** Owadally & King Chartered Certified Accountants 73 Park Lane Croydon Surrey CR0 1JG ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity. ## **Risk management** The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. Approved by order of the board of trustees on ............................................. and signed on its behalf by: ............................................. M U Vohra - Trustee Page 1 **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF AL MUS'AB FOUNDATION** I report on the accounts for the year ended 31 December 2023, which are set out on pages three to six. ## **Responsibilities and basis of report** As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act'). I have examined your charity's accounts as required under section 145 of the Charities Act 2011 ('the 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. My role is to state whether any material matters have come to my attention giving me cause to believe: 1. that accounting records were not kept as required by section 130 of the Act; or 2. that the accounts do not accord with those records; or 3. that the accounts do not comply with the accounting requirements of the Act; or 4. that there is further information needed for a proper understanding of the accounts. ## **Independent examiner's statement** I have completed my examination and have no concerns in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission I have found no matters that require drawing to your attention. Owadally and King ACCA Owadally & King Chartered Certified Accountants 73 Park Lane Croydon Surrey CR0 1JG Date: ............................................. Page 2 **AL MUS'AB FOUNDATION** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023** |||Unrestricted| |---|---|---| |||fund| ||Notes|£| |**INCOMING RESOURCES**||| |**Incoming resources from generated funds**||| |Voluntary income||56,807| |**RESOURCES EXPENDED**||| |**Costs of generating funds**||| |Costs of generating voluntary income||35,475| |**Other resources expended**||14,559| |**Total resources expended**||50,034| |**NET INCOMING RESOURCES**||6,773| |**TOTAL FUNDS CARRIED FORWARD**||6,773| The notes form part of these financial statements Page 3 **AL MUS'AB FOUNDATION** ## **BALANCE SHEET AT 31 DECEMBER 2023** |||Unrestricted| |---|---|---| |||fund| ||Notes|£| |**CURRENT ASSETS**||| |Cash at bank||7,973| |**CREDITORS**||| |Amounts falling due within one year|3|(1,200)| |**NET CURRENT ASSETS**||6,773| |**TOTAL ASSETS LESS CURRENT**||| |**LIABILITIES**||6,773| |**NET ASSETS**||6,773| |**FUNDS**|4|| |Unrestricted funds||6,773| |**TOTAL FUNDS**||6,773| The financial statements were approved by the Board of Trustees on ............................................. and were signed on its behalf by: ............................................. M U Vohra -Trustee The notes form part of these financial statements Page 4 **AL MUS'AB FOUNDATION** **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023** ## **1. ACCOUNTING POLICIES** ## **Accounting convention** The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities. ## **Incoming resources** All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. ## **Resources expended** Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## **Taxation** The charity is exempt from tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **2. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 December 2023. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 December 2023. ## **3. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** ||£| |---|---| |Other creditors|1,200| ## **4. MOVEMENT IN FUNDS** ||Net movement|| |---|---|---| ||in funds|At 31.12.23| ||£|£| |**Unrestricted funds**||| |General fund|6,773|6,773| |**TOTAL FUNDS**|6,773|6,773| Page 5 **AL MUS'AB FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2023** ## **4. MOVEMENT IN FUNDS - continued** Net movement in funds, included in the above are as follows: ||Incoming|Resources|Movement in| |---|---|---|---| ||resources|expended|funds| ||£|£|£| |**Unrestricted funds**|||| |General fund|56,807|(50,034)|6,773| |**TOTAL FUNDS**|56,807|(50,034)|6,773| Page 6 **AL MUS'AB FOUNDATION** ## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023** |**INCOMING RESOURCES**
**Voluntary income**
Donations
**Total incoming resources**
**RESOURCES EXPENDED**
**Costs of generating voluntary income**
Other direct cost
**Support costs**
**Other 2**
Donations
**Other 4**
Accountancy and legal fees
**Total resources expended**
**Net income**|£
56,807| |---|---| ||56,807
35,475
13,359
1,200| ||50,034| ||6,773| This page does not form part of the statutory financial statements Page 7