2024-07-12-accounts - Hayya Alal Falah Welfare Foundation UK

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

REGISTERED CHARITY NUMBER: 1200026

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 12 July 2024

for

Hayya Alal Falah Welfare Foundation UK

Contents of the Financial Statements for the Year Ended 12 July 2024

	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 9
Detailed Statement of Financial Activities	10

Hayya Alal Falah Welfare Foundation UK

Report of the Trustees

for the Period Ended 12 July 2024

The trustees present their report with the financial statements of the charity for the year ended 12 July 2024. The trustees have adopted the provisions of 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 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

HAYYA Alal Falah Welfare Foundation UK aims to be a platform for the prevention and providing relief of property by making grants to individuals and providing grants to other charitable organisations as well. We will also engage with communities to provide safe drinking water to underprivileged areas. Ultimately, Hayya Ala Falah Welfare Foundation UK aims to alleviate poverty by empowering people with skills and knowledge with which they will be able to earn a living.

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number

1200026

Principal address

102 Long Furlong Drive, Slough SL2 2PG

Trustees

Dr. M A Faridi Chair Dr. N Arshad Trustee Mr. Q Farooq Trustee

Independent Examiner

TAA Consultants 814 Dunstable Road Luton LU4 0HG

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

.......................................................... Dr M A Faridi - Trustee

Page 1

Independent Examiner's Report to the Trustees of Hayya Alal Falah Welfare Foundation UK

Independent examiner's report to the trustees of Hayya Alal Falah Welfare Foundation UK

I report to the charity trustees on my examination of the accounts of Hayya Alal Falah Welfare Foundation UK (the Trust) for the Period ended 12 July 2024.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
the accounts do not accord with those records; or
the accounts do 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 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 accounts to be reached.

Muhammad Talha Rehman

Taa Consultants 814 Dunstable Road Luton, LU4 0HG

Date: .............................................

Page 2

Hayya Alal Falah Welfare Foundation UK

Statement of Financial Activities for the Year Ended 12 July 2024

Notes INCOME AND ENDOWMENTS FROM Donations and legacies EXPENDITURE ON Charitable activities Poverty prevention causes Other Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD	12.7.24 Unrestricted fund £ 27,194 28,145 2,420 30,565 (3,371) 4,392 1,022	12.7.23 Total funds £ 26,698 19,000 3,306 22,305 4,392 - 4,392

The notes form part of these financial statements

Page 3

Hayya Alal Falah Welfare Foundation UK

Balance Sheet

12 July 2024

Notes CURRENT ASSETS Cash at bank CREDITORS Amounts falling due within one year 4 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 5 Unrestricted funds TOTAL FUNDS	12.7.24 Unrestricted fund £ 1,022 - 1,022 1,022 1,022 1,022 1,022	12.7.23 Total funds £ 4,392 - 4,392 4,392 4,392 4,392 4,392

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:

............................................. Dr M A Faridi - Chair

The notes form part of these financial statements

Page 4

Hayya Alal Falah Welfare Foundation UK

Notes to the Financial Statements

for the Year Ended 12 July 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial reporting Standard applicable in the UK and Republic of Ireland" and the companies Act 2006.

The financial statements have been prepared under historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. 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 12 July 2024 nor for the year ended 12 July 2023.

Trustees' expenses

Travel expenses of £603 (2023: £693) were re-imbursed to Dr A Faridi which were incurred during the course of charitable activities.

Page 5

continued...

Hayya Alal Falah Welfare Foundation UK

Notes	to the Financial Statements-continued
for the Year Ended 12 July 2024
3.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
				Unrestricted
				fund
				£
	INCOME AND ENDOWMENTS FROM
	Donations and legacies			26,698
	EXPENDITURE ON
	Charitable activities
	Poverty prevention causes			19,000
	Other			3,306
	Total			22,305
	NET INCOME/(EXPENDITURE)			4,392
	RECONCILIATION OF FUNDS
	Total funds brought forward				-
	TOTAL FUNDS CARRIED
	FORWARD			4,392
4.	MOVEMENT IN FUNDS
			Net
			movement	At
		At 13.7.23	in funds	12.7.24
		£	£	£
	Unrestricted funds
	General fund	4,392	(3,371)	1,022
	TOTAL FUNDS	4,392	(3,371)	1,022

Page 6

continued...

Hayya Alal Falah Welfare Foundation UK

Notes to the Financial Statements - continued for the Year Ended 12 July 2024

5. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds General fund TOTAL FUNDS	Incoming resources £ 27,196 27,196	Resources expended £ (30,565) (30,565)	Movement in funds £ (3,371) (3,371)

Comparatives for movement in funds

Unrestricted funds General fund TOTAL FUNDS	At 13.7.22 £ _ -	Net movement in funds £ 4,392 4,392	At 12.7.23 £ 4,392 4,392

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds General fund TOTAL FUNDS	Incoming resources £ 26,698 26,698	Resources expended £ (22,305) (22,305)	Movement in funds £ 4,392 4,392

A current year 12 months and prior year 12 months combined position is as follows:

Net movement At 13.7.22 in funds £ £ Unrestricted funds General fund - 1,022 TOTAL FUNDS - 1,022	At 12.7.24 £ 1,022 1,022

Page 7

continued...

Hayya Alal Falah Welfare Foundation UK

Notes to the Financial Statements - continued

for the Year Ended 12 July 2024

5. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds General fund TOTAL FUNDS	Incoming resources £ 53,892 53,892	Resources expended £ (52,870) (52,870)	Movement in funds £ 1,022 1,022

6. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 12 July 2024.

Page 8

Haya Alal Falah Welfare Foundation UK Detailed Statement of Financial Activities for the Year Ended 12 July 2024 INCOME AND ENDOWMENTS Donations and legacies Donations Total incoming resources EXPENDITURE Charitable activities Poverty prevention causes Support costs Finance Other costs (Travel, Telephone, Website, Bank Charges) Total resources expended Net income/(expenditure)	12.7.24 £ 27,194 27,194 28,145 28,145 2,420 30,565 (3,371)	12.7.23 £ 26,698 26,698 19,000 19,000 3,306 22,305 4,392

This page does not form part of the statutory financial statements

Page 9