HUSSAINI ISLAMIC TRUST UK Statement of Financial Activitie5 (SOFA) as at 31 December 2023 Category Donatlons Recelved Audlo-vlsual Equlpment Hlre Bank Charges Food & Hospltallty FuTnlture & Setup Costs M)rketlnd & Outreach Postsge & Courlèr Religious Event Materlals Securlty & Safety Vehlcle Hlre & Fuel Webslte Expenses Total Expeb7dlture Depreclatlon on Tanglble Flxed Assets Amount l£} 38,986.05 Amount 1£) Amount 1£) 4.080.00 2.22 4,739.45 790.84 2,046.00 460.68 2,503.47 1,740.63 4,426.12 81.59 20.871.00 7,598.00 28.469.00 38,986.05 10,517.05 Funds Brought Forward Not Movemont In Funds 64.942.76 10,517.05 75,459.81 Approved by the Board of Trustees and slgned on thelr behalf by., JCLQLCV -kk¢J kn J( Chair of Trustees Date: Notes to A¢count$ The accounts aye prepared on the accwals basls In accordance wlth the Chadtles SORP IFRS 1021 as appllcable lo smaller charltles. Donated tanglble flxed assets are measured atfalrvalue on recelpt and depreciated on a straighl-line basis over live years with no resldual value. The charlty operates an unrestiicted generalfund and a deslgnated fixed asset fund equalto the nel book value of tangible Ilxed assel3.
HUSSAINI ISLAMIC TRUST UK Balante Sheet as at31 December 2023 Item Amount (£1 Tanglble Flxed Assets Iijonated ai ¢0stl Less- Aceumulated Depre¢l4tlon Net Book Value 37,990.00 -7,598.00 30,392.00 Current Assets Cash at bank and In hand Total Currenl Assets 75,459.81 75.459.81 Llabllltle$ None 105.851.81 Fund5 of the Charlt¥ UnTestri¢ted Funds (General Fund) Capital Donatlon-Tan Ible Asse15 (Net Bookvalue Tot81 Funds 75,459.81 30,392.00 105,851.81 Approved by the Board of Trustees and sl8ned on thelr behalf by,, Lkf chaIr of Trustees Date..
HUSSAINI ISLAMIC TRUST UK Charity Number: 1201458 Structure: Charitable Incorporated Organisatlon (CIO) Address.. 97 Longley Road, Harrow, HAI 4TQ Period Covered: I lanuary2023 to 31 December 2023 Governing Document.. Constltutlon adopted on registration as CIO on 29 December 2022 Pagelof5
Trustees, Annual Report The trustees present their report and financial statements for the year ended 31 December 2023. Oblectlves arnd Activltles The charity's object Is to advance the Islamlc Shla lthna Asharl falth In accordance wlth the doctrine5 of Flqh.e-lafeHya for the benefSt of the publlc. Activities Include prayer meetlngs, religious festivals (such as Arbaeen). lectures, and dissemination of Ilterature. The trustees confirm that they have complled wlth the duty In sectlon 17 of the Charldes Act 2011 to have due regard to public beneflt guldance publlshed by the Charlty CommSsslon. The charity successfully organ5sed Arbaeen commemorattons and other rellgious events durlng the year, attended by hundreds of partldpants. These were funded endrely by publle donatlons. Flnancial Revlew Total funds at 31 December 2023 were £105,851,81. Comprlslng bank balances of É75,459.Bl and the net book value of donated equlpmenr of £30,392 (cost £37,990 less 2023 depreclatlon of £7,598). Reservos Pollcv The trustees alm to malntaln unrestrlcted reserves at a level sufflclent to cover at least three months, core operatlng costs, estlmated between £5,000 and £6,000. As at 31 December 2023, unrestrltted reserves stood ai £75,459.81, which provides a strong buffer. These funds are allocated toward future Arbaeen processions, loglstic5, venue hire, and outreach programmes. The reserves pollcy Is reviewed annually In Ilne wlth operatlonal r5sks and programme plans. Structure, Governance and Management The charlty Is governed by its constitution as a Charltable Incorporated Organlsation (CIO). registered on 29 December 2022. Trustees are appointed In accordance wlth procedures Set out in the governing document They typically serve a term of three years and may be re- appolnted. The board revlews its composition annually to ensure it reflects the skills, experience, and dlverslty needed for the charitys objective5. The trustees recognlse thelr responslblllty for risk management and maintain an Internal rSsk register. Key risks identified include event safety. financlal compllance, safeguardin& Page2of5
and dependence on volunteers. Controls such as publlc Ilab515ty insurance, financial record checks, and volunteer guidance are In place to mldgate these risks. Plans for Future Perlod The charity plans to continue and expand Its annual Arbaeen processlons In 2024, reach new locations across the UK, and Introduce Yolunteer-led educational and youth engagement programmes to strengthen community understsndlng and particlpation, The charlty recelves all Income from voluntary publlc donatlons and does not employ any professlonal fundraisers. All activlties are made possible by the dedication of over 50 voluntee. The trustees deeply value their contrlbutions and express slncere gratitude for thelr supporL Trustees MUHAMMAD IZHAR HAIDER KHAN (Chalr) Kashish Fatima Raza MUHAMMED WAQAR HAIDER KHAN IAFAR RAZA MUHAMMED EIAZ HAIDER KHAN Farah Nlaz Fatlma Rlzvl Muhammad lawad Halder Murtaza Halder Khan Page3 of5
Detlaratlon on Related Party Transactions No trustee received any remuneration or reimbursement of expenses during the reporting perlod. There were no related party transactlons requiring disclosure under Charlty Commlssion guidance. Approved by the Board of Trustees and signed on thelr behalf by.. Ic Chalr of Trustees Date.. Page4ofS
Independent Examinerfs Report ITtdèpendent Exam5ner: Easy Acpay Ltd (Ll¢ensed and Regulated by AAT) report on the accounts ofthe charlty for the year ended 31 December 2023. ResponslbllStles'. The rrustees are responsible for the preparaon of the accounts. The char5ty's trustees consider that an audit is not requlred and that an independent examinadon15 needed under sertlon 145 of the Charltles Act 2011. Basis oFExamlner's Report.. My examination was carried out In accordance wlth general Dlrettions glven by the Chartty Commission. It includes a review of the accounting records and comparlson of the accounts wlth those records. Independent Examlnews Statement,. In connertion wlth my examlnatlon, no materlal matters have come to my attentlon whlch 81ves me reasonable cause to belleve that In any materlal respect.. accountlng records were not kept as requlred by sectlon 130 of the CharltSe5 Act 2011, or the accounts do not accord wSth those records and comply wlth the appllcable requlrements, Slgned., Easy Acpay Ltd Accountants and Independent ExamlneTS Date.. 1510912025 PageSof5