Docusign Envelope ID: 772EFC39-3D35-46BF-B83B-C74A46BCCFBA **Charity number: 1200619** ## **HADHRAT SHAYKH MUHAMMAD ZAKARIYYA FOUNDATION** ## **UNAUDITED** **TRUSTEES' REPORT AND FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31 OCTOBER 2024** Docusign Envelope ID: 772EFC39-3D35-46BF-B83B-C74A46BCCFBA ## **HADHRAT SHAYKH MUHAMMAD ZAKARIYYA FOUNDATION** ## **CONTENTS** ||Page| |---|---| |**Reference and Administrative Details of the Charity, its Trustees and Advisers**|1| |**Trustees' Report**|2 - 5| |**Independent Examiner's Report**|6 - 7| |**Statement of Financial Activities**|8| |**Balance Sheet**|9| |**Notes to the Financial Statements**|10 - 19| Docusign Envelope ID: 772EFC39-3D35-46BF-B83B-C74A46BCCFBA ## **HADHRAT SHAYKH MUHAMMAD ZAKARIYYA FOUNDATION** ## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 OCTOBER 2024** |**Trustees**|Mohamed MULLA, Chair| |---|---| ||Sulaiman PATEL, Trustee| ||Dr Imran MULLA, Trustee| ||Zaid MUSTAFA, Trustee| ||Javeed Y PATE, Trustee| ||Mohammed R ISMAIL, Trustee| ||Ibrahim F ESSA, Trustee| ||Umare ISHAQ, Trustee| ||Iqramul H PATEL, Trustee| ||Zakaria M INGAR, Trustee| ||Ashraf H M NORAT, Trustee| |**Charity registered**
**number**
1200619
**Principal office**
25 Broad Oak Road
Bolton
BL3 2JA
**Accountants**
Amex Associates Limited
Chartered Certified Accountants
Statutory Auditors
1st Floor
144-146 East Barnet Road
Barnet
London
EN4 8RD
**Bankers**
Lloyds Bank|| Page 1 Docusign Envelope ID: 772EFC39-3D35-46BF-B83B-C74A46BCCFBA ## **HADHRAT SHAYKH MUHAMMAD ZAKARIYYA FOUNDATION** ## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 OCTOBER 2024** The Trustees present their annual report together with the financial statements of the Hadhrat Shaykh Muhammad Zakariyya Foundation for the 1 November 2023 to 31 October 2024. The Hadhrat Shaykh Muhammad Zakariyya Foundation (the Foundation) is a Charitable Incorporated Organisation (CIO) established in 2022. The trustees present their report and the financial statements for the year ended 31 October 2024. The Foundation is governed by its constitution, which sets out the powers and responsibilities of the trustees. The trustees are responsible for the overall strategic direction and oversight of the Foundation's activities ## **Objectives and activities** ## **a. Objectives and activities** The objects of the CIO are: 1. To Advance the Religion of Islam: - Holding prayer meetings, lectures, and public celebrations of religious festivals and events to enlighten others about the religion of Islam. 2. To Advance the Education of Disadvantaged Young People: - Providing education in both Islamic and secular subjects to socially and/or economically disadvantaged young people in Greater Manchester and the surrounding areas. Partnering high quality volunteer tutors with pupils to help them progress in education, employment, or training. ## **Achievements and performance** ## **a. Main achievements of the Charity** After twelve months of tireless dedication full planning approval was secured in September 2024. This milestone was achieved following the submission of a detailed planning application, which incorporated comprehensive assessments including transport modelling, drainage surveys, and biodiversity net gain studies. The process required extensive and often delicate negotiations with a wide range of statutory consultees, including utility providers, highways authorities, and environmental bodies. Securing planning consent not only granted the Foundation the formal permission to proceed with the next phase of the project but also stands as a powerful endorsement of our shared vision, to create an inclusive, sustainable, and high-quality learning environment where our children can thrive, both academically and spiritually. With planning approval in place, the Foundation has now progressed into contractor procurement and detailed design. An Invitation to Tender was issued for the construction of the educational and community facilities. The tender generated significant interest, with twelve companies submitting initial proposals. Following detailed discussions, a shortlist of five companies was invited to submit comprehensive proposals, which were rigorously assessed against a series of quality and value criteria. Following this evaluation, Wernick Buildings was selected as the preferred construction partner. This appointment is a considered and strategic decision. Wernick brings substantial experience in delivering permanent educational buildings, including those with Special Educational Needs (SEN) considerations. Their expertise in offsite construction provides factory-level precision, significant reductions in waste, and accelerated lead time, without compromising on quality. What further distinguishes Wernick is their commitment to sustainability and social value. Their proposal excelled in several key areas: Page 2 Docusign Envelope ID: 772EFC39-3D35-46BF-B83B-C74A46BCCFBA ## **HADHRAT SHAYKH MUHAMMAD ZAKARIYYA FOUNDATION** ## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024** ## **Achievements and performance (continued)** - Quality Assurance: Construction will meet ISO 9001 standards, supported by robust quality control measures throughout the build process. - SEN Expertise: Purpose-built learning spaces will feature flexible layouts, quiet zones, excellent lines of sight, and integrated assistive technologies, including hearing loops, interactive whiteboards, and visual displays. Sensory-friendly designs will incorporate calming colours, soft lighting, and tactile materials to support a diverse range of student needs. - Sustainability: Offsite construction methods will reduce waste by up to 90%. The facility will be energy efficient, featuring solar photovoltaic panels, air source heat pumps, LED lighting, advanced ventilation systems, and smart environmental controls. - Longevity: The structural design includes a 50-year guarantee, ensuring durability and long-term value The new facility will comprise a variety of learning and community spaces, including: - Individual classrooms - Specialist science, SEND, and IT rooms - Multi-purpose halls for physical education, dining, and community events Secure, adaptable storage solutions - Modern architectural features to inspire learning and community engagement The construction sequence has been carefully planned, beginning with site security and welfare facility installation, followed by groundworks to establish solid foundations. Key infrastructure, such as drainage and utility connections, will be completed in advance of the delivery and assembly of prefabricated building elements. As the building’s superstructure progresses, internal fit-out and external finishes will shape the final environment. The project will conclude with thorough inspections and quality assurance, enabling a smooth handover in preparation for the opening of the SEN Madrassah, followed by the educational facility for boys. Delivering a project of this complexity requires not only vision but also deep technical expertise. While the Board of Trustees provides strategic oversight, it has assembled a specialist project team to support delivery: - Cassidy Ashton: Architectural and planning lead, with expertise in creating inclusive educational spaces. - Shepherd Gilmour: Structural engineers, ensuring the highest standards of safety and integrity. - Morgan Wolff: Compliance and quality specialists, overseeing regulatory adherence. - Quantity Surveyor and Project Manager: Providing cost control, scheduling, and overall project coordination. The Board of Trustees remains fully committed to delivering this project on time, within budget, and to the highest standards. Our financial management and project governance structures continue to ensure that risks are carefully managed and that the project’s long-term value is maximised. The Board would like to thank the community and its generous donors for the ongoing confidence and support. Page 3 Docusign Envelope ID: 772EFC39-3D35-46BF-B83B-C74A46BCCFBA ## **HADHRAT SHAYKH MUHAMMAD ZAKARIYYA FOUNDATION** ## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024** ## **Financial review** ## **a. Going concern** After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies. ## **b. Reserves policy** The trustees have established a reserves policy to ensure the financial stability of the Foundation and to protect its work against unexpected changes in income or expenditure. The reserves are maintained at a level that provides sufficient funds to cover management, administration, and support costs for a period of three months, which is set at £15,000. ## **c. Income and expenditure** The Foundation's activities have been funded primarily through donations from the local community. The financial statements for the period ended 31 October 2024 show a stable financial position, with significant contributions received towards the purchase and development of the site. ## **Structure, governance and management** ## **a. Constitution** Hadhrat Shaykh Muhammad Zakariyya Foundation is a registered charity under charities commission (charity number 1200619), and is constituted under a Trust deed. ## **b. Methods of appointment or election of Trustees** The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed. ## **c. Financial risk management** The Trustees have assessed the major risks to which the Charity is exposed, in particular those related to the operations and finances of the Charity, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks. ## **Public benefit** The trustees confirm that they have complied with their duty under section 17(5) of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission. The Foundation's activities are intended to make a positive impact on the underprivileged children in Greater Manchester, particularly those with special educational needs. By providing access to quality education and resources, the Foundation aims to improve the lives of these children and contribute to the overall wellbeing of the community. Page 4 Docusign Envelope ID: 772EFC39-3D35-46BF-B83B-C74A46BCCFBA ## **HADHRAT SHAYKH MUHAMMAD ZAKARIYYA FOUNDATION** ## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024** ## **Statement of Trustees' responsibilities** The Trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to: - select suitable accounting policies and then apply them consistently; - observe the methods and principles of the Charities SORP (FRS 102); - make judgements and accounting estimates that are reasonable and prudent; - state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. 15 July 2025 Approved by order of the members of the board of Trustees on ............................... and signed on their behalf by: ................................................ **Mohamed MULLA** (Chair of Trustees) Page 5 Docusign Envelope ID: 772EFC39-3D35-46BF-B83B-C74A46BCCFBA ## **HADHRAT SHAYKH MUHAMMAD ZAKARIYYA FOUNDATION** ## **INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 OCTOBER 2024** ## **Independent Examiner's Report to the Trustees of Hadhrat Shaykh Muhammad Zakariyya Foundation ('the Charity')** We report to the charity Trustees on our examination of the accounts of the Charity for the year ended 31 October 2024. ## **Responsibilities and Basis of Report** As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act'). We report in respect of our examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out our examination we have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. ## **Independent Examiner's Statement** Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn. We understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. We have completed our examination. We confirm that no matters have come to our attention in connection with the examination giving us cause to believe that in any material respect: 1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or 2. the accounts do not accord with those records; or 3. 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. We 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. This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our work has been undertaken so that we might state to the Charity's Trustees those matters we are required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for our work or for this report. Page 6 Docusign Envelope ID: 772EFC39-3D35-46BF-B83B-C74A46BCCFBA ## **HADHRAT SHAYKH MUHAMMAD ZAKARIYYA FOUNDATION** ## **INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024** **....................................................** B Alvi _(FCCA)_ _for and on behalf of_ **Amex Associates Limited** Chartered Certified Accountants Statutory Auditors 1st Floor 144-146 East Barnet Road Barnet London EN4 8RD 15 July 2025 Date: **................................................** Page 7 Docusign Envelope ID: 772EFC39-3D35-46BF-B83B-C74A46BCCFBA ## **HADHRAT SHAYKH MUHAMMAD ZAKARIYYA FOUNDATION** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 OCTOBER 2024** |**Note**
**Income from:**
Donations and legacies
2
**Total income**
**Expenditure on:**
Charitable activities
3
Governance costs
5
**Total expenditure**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
Net movement in funds
**Total funds carried forward**|**Unrestricted**
**funds**
**31 October**
**2024**
**£**
**96,696**
**96,696**
**15,921**
**3,900**
**19,821**
**76,875**
**658,410**
**76,875**
**735,285**|**Total**
**funds**
**31 October**
**2024**
**£**
**96,696**
**96,696**
**15,921**
**3,900**
**19,821**
**76,875**
**658,410**
**76,875**
**735,285**|_Total_
_funds_
_Period ended_
_31 October_
_2023_
_£_
_672,626_| |---|---|---|---| ||||_672,626_| ||||_10,316_
_3,900_| ||||_14,216_| ||||_658,410_| ||||_-_
_658,410_| ||||_658,410_| The Statement of Financial Activities includes all gains and losses recognised in the year. The notes on pages 10 to 19 form part of these financial statements. Page 8 Docusign Envelope ID: 772EFC39-3D35-46BF-B83B-C74A46BCCFBA ## **HADHRAT SHAYKH MUHAMMAD ZAKARIYYA FOUNDATION** ## **BALANCE SHEET AS AT 31 OCTOBER 2024** |**Note**
**Fixed assets**
Tangible assets
8
**Current assets**
Cash at bank and in hand
Creditors: amounts falling due within one
year
9
**Net current assets / liabilites**
**Total assets less current liabilities**
Creditors: amounts falling due after more
than one year
10
**Net assets excluding pension asset**
**Total net assets**
**Charity funds**
Restricted funds
11
Unrestricted funds
11
**Total funds**|**53,483**
**53,483**
**(42,020)**|**2024**
**£**
**920,822**
**920,822**
**11,463**
**932,285**
**(197,000)**
**735,285**
**735,285**
**-**
**735,285**
**735,285**|_30,310_
_30,310_
_(55,900)_|_2023_
_£_
_880,000_
_880,000_
_(25,590)_
_854,410_
_(196,000)_
_658,410_
_658,410_
_-_
_658,410_
_658,410_| |---|---|---|---|---| 15 July 2025 The financial statements were approved and authorised for issue by the Trustees on ..................................... and signed on their behalf by: ................................................ ## **Mohamed MULLA** (Chair of Trustees) The notes on pages 10 to 19 form part of these financial statements. Page 9 Docusign Envelope ID: 772EFC39-3D35-46BF-B83B-C74A46BCCFBA **HADHRAT SHAYKH MUHAMMAD ZAKARIYYA FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024** ## **1. Accounting policies** ## **1.1 Basis of preparation of financial statements** The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011. The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. The Charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. ## **1.2 Income** All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. ## **1.3 Expenditure** Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs. All expenditure is inclusive of irrecoverable VAT. Page 10 Docusign Envelope ID: 772EFC39-3D35-46BF-B83B-C74A46BCCFBA **HADHRAT SHAYKH MUHAMMAD ZAKARIYYA FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024** ## **1. Accounting policies (continued)** ## **1.4 Tangible fixed assets and depreciation** Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost. Land is not depreciated. Depreciation on other assets is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis: - Freehold property 10 years on cost ## **1.5 Cash at bank and in hand** Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. ## **1.6 Liabilities and provisions** Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost. ## **1.7 Fund accounting** General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes. Page 11 Docusign Envelope ID: 772EFC39-3D35-46BF-B83B-C74A46BCCFBA ## **HADHRAT SHAYKH MUHAMMAD ZAKARIYYA FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024** ## **2. Income from donations and legacies** ||**Unrestricted**|**Total**| |---|---|---| ||**funds**|**funds**| ||**31 October**|**31 October**| ||**2024**|**2024**| ||**£**|**£**| |Donations|96,696|**96,696**| ||_Unrestricted_|_Total_| ||_funds_|_funds_| ||_Period ended_|_Period ended_| ||_31 October_|_31 October_| ||_2023_|_2023_| ||_£_|_£_| |Donations|_672,626_|_672,626_| ## **3. Analysis of expenditure on charitable activities Summary by fund type** ||**Unrestricted**|| |---|---|---| ||**funds**|**Total**| ||**31 October**|**31 October**| ||**2024**|**2024**| ||**£**|**£**| |Unrestricted|15,921|**15,921**| ||_Unrestricted_|| ||_funds_|_Total_| ||_Period ended_|_Period ended_| ||_31 October_|_31 October_| ||_2023_|_2023_| ||_£_|_£_| |Unrestricted|_10,316_|_10,316_| Page 12 Docusign Envelope ID: 772EFC39-3D35-46BF-B83B-C74A46BCCFBA ## **HADHRAT SHAYKH MUHAMMAD ZAKARIYYA FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024** ## **4. Analysis of expenditure by activities** ||**Support**|**Total**| |---|---|---| ||**costs**|**funds**| ||**31 October**|**31 October**| ||**2024**|**2024**| ||**£**|**£**| |Unrestricted|15,921|**15,921**| ||_Support_|_Total_| ||_costs_|_funds_| ||_Period ended_|_Period ended_| ||_31 October_|_31 October_| ||_2023_|_2023_| ||_£_|_£_| |Unrestricted|_10,316_|_10,316_| Page 13 Docusign Envelope ID: 772EFC39-3D35-46BF-B83B-C74A46BCCFBA ## **HADHRAT SHAYKH MUHAMMAD ZAKARIYYA FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024** ## **4. Analysis of expenditure by activities (continued)** ## **Analysis of support costs** |||**Total**| |---|---|---| ||**Unrestricted**|**funds**| ||**31 October**|**31 October**| ||**2024**|**2024**| ||**£**|**£**| |Depreciation|4,536|**4,536**| |Legal, professional and consultancy fee|11,385|**11,385**| |**Total 2024**|15,921|**15,921**| |||_Total_| ||_Unrestricted_|_funds_| ||_Period ended_|_Period ended_| ||_31 October_|_31 October_| ||_2023_|_2023_| ||_£_|_£_| |Legal, professional and consultancy fee|_10,069_|_10,069_| |Bank charges and other financial costs|_247_|_247_| |_Total 2023_|_10,316_|_10,316_| Page 14 Docusign Envelope ID: 772EFC39-3D35-46BF-B83B-C74A46BCCFBA ## **HADHRAT SHAYKH MUHAMMAD ZAKARIYYA FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024** ## **5. Governance costs** ||**Unrestricted**|**Unrestricted**||**Total**| |---|---|---|---|---| ||**funds**|||**funds**| ||**31 October**||**31 October**|| ||**2024**|||**2024**| ||**£**|||**£**| |Independent examiner's fee|1,500|||**1,500**| |Independent examiner's fee - all other fees|2,400|||**2,400**| |**Total 2024**|3,900|||**3,900**| ||_Unrestricted_|||_Total_| ||_funds_|||_funds_| ||_Period ended_||_Period ended_|| ||_31 October_||_31 October_|| ||_2023_|||_2023_| ||_£_|||_£_| |Independent examiner's fee|_1,500_|||_1,500_| |Independent examiner's fee - all other fees|_2,400_|||_2,400_| |_Total 2023_|_3,900_|||_3,900_| |||||| Page 15 Docusign Envelope ID: 772EFC39-3D35-46BF-B83B-C74A46BCCFBA ## **HADHRAT SHAYKH MUHAMMAD ZAKARIYYA FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024** ## **6. Independent examiner's remuneration** |**Independent examiner's remuneration**||| |---|---|---| |||_Period ended_| ||**31 October**|_31 October_| ||**2024**|_2023_| ||**£**|_£_| |Fees payable to the Charity's independent examiner for the independent||| |examination of the Charity's annual accounts|**1,500**|_1,500_| |Fees payable to the Charity's independent examiner in respect of:||| |All other services not included above|**2,400**|_2,400_| ## **7. Trustees' remuneration and expenses** During the year, no Trustees received any remuneration or other benefits _(2023 - £NIL)_ . During the year ended 31 October 2024, no Trustee expenses have been incurred _(2023 - £NIL)_ . Page 16 Docusign Envelope ID: 772EFC39-3D35-46BF-B83B-C74A46BCCFBA ## **HADHRAT SHAYKH MUHAMMAD ZAKARIYYA FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024** ## **8. Tangible fixed assets** |**Cost or valuation**
At 1 November 2023
Additions
At 31 October 2024
**Depreciation**
Charge for the year
At 31 October 2024
**Net book value**
At 31 October 2024
_At 31 October 2023_|**Freehold**
**property**
**£**
**880,000**
**45,358**| |---|---| ||**925,358**| ||**4,536**| ||**4,536**| ||**920,822**| ||_880,000_| Included in the freehold property cost above is the land cost of £880,000 (2023 - £880,000) which is not depreciated. Page 17 Docusign Envelope ID: 772EFC39-3D35-46BF-B83B-C74A46BCCFBA ## **HADHRAT SHAYKH MUHAMMAD ZAKARIYYA FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024** ## **9. Creditors: Amounts falling due within one year** |Other loans
Accruals and deferred income|**2024**
**£**
**38,000**
**4,020**
**42,020**|_2023_
_£_
_52,000_
_3,900_| |---|---|---| |||| |||_55,900_| Included in other loans above is the short term interest free loan of £38,000 (2023 - £52,000) provided by general public to Hadhrat Shaykh Muhammad Zakariyya Foundation. This loan will be returned in full without any interest/usury at the earlist opportunity, when the Charity has reasonable amount of funds to repay the loan or on specific request, with reasonable notice period. ## **10. Creditors: Amounts falling due after more than one year** ||**2024**|_2023_| |---|---|---| ||**£**|_£_| |Other loans|**197,000**|_196,000_| Included in other loans above is the interest free loan of £197,000 (2023 - £196,000) provided by general public to Hadhrat Shaykh Muhammad Zakariyya Foundation. This loan will be returned in full without any interest/usury at the earlist opportunity, when the Charity has reasonable amount of funds to repay the loan or on specific request, with reasonable notice period. Page 18 Docusign Envelope ID: 772EFC39-3D35-46BF-B83B-C74A46BCCFBA ## **HADHRAT SHAYKH MUHAMMAD ZAKARIYYA FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024** ## **11. Statement of funds** ## **Statement of funds - current year** |**Statement of funds - current year**||||| |---|---|---|---|---| |**Unrestricted funds**
General Funds - all funds
**Statement of funds - prior year**|**Balance at 1**
**November**
**2023**
**£**
**658,410**|**Income**
**£**
**96,696**|**Expenditure**
**£**
**(19,821)**|**Balance at**
**31 October**
**2024**
**£**
**735,285**| |||||| |**Statement of funds - prior year**|||| |---|---|---|---| ||||_Balance at_| ||||_31 October_| ||_Income_|_Expenditure_|_2023_| ||_£_|_£_|_£_| |**Unrestricted funds**|||| |General Funds - all funds|_672,626_|_(14,216)_|_658,410_| Page 19