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2021-12-31-accounts

Charity registration number: 297673

Fayz-e-Husayni International Trust

Annual Report and Financial Statements

for the Year Ended 31 December 2021

Fayz-e-Husayni International Trust

Contents

Reference and Administrative Details 1 to 2
Trustees' Report 3 to 5
Statement of Trustees' Responsibilities 6
Independent Auditors' Report 7 to 10
Statement of Financial Activities 11
Balance Sheet 12
Notes to the Financial Statements 13 to 21

Fayz-e-Husayni International Trust

Reference and Administrative Details

Trustees Shahzada Qaidjoher bhaisaheb Ezzuddin -Chairman Shahzada Taha bhaisaheb Najmuddin -Vice Chairman Dr Zainuddin - Deceased 11/09/2021 Zainulabedeen bhaisaheb Shujaee - Operating Trustee Abbas bhaisaheb Shujaee Shaikh Zoeb bhai Kukshiwala Shaikh Aliasger bhai Kerai -Secretary Shaikh Juzer bhai Maimoon Shaikh Bashir bhai Jariwala Shaikh Mustafa bhai Poonawala -Treasurer Mulla Taher bhai Shaikh Hamza bhai Jivanji Mulla Huzaifa bhai Abbas bhai Aliasger bhai Jamali Shabbir bhai Mama Abdulqadir bhai Rangoonwala Advisory Council Ibnemadyan bhaisaheb Hamiduddin Al-Anwar bhaisaheb bin Shahzada Badruddin Saheb Hatim bhaisaheb bin Aliasger bhaisaheb Shakir Taiyeb bhaisaheb bin Fakhruddin bhaisaheb Aamir Ibrahim bhaisaheb Husaini Farazdaq bhaisaheb Husaini Shaikh Saifuddin bhai Zakir Charity Registration Number 297673 Principal address 14 Amatullah Villa Mohammedi Park Rowdell Road Northolt, Middlesex UB5 6AG Auditor Ashford Louis Chartered Certified Accountants & Statutory Auditors 187 High Road Leyton London E15 2BY

Page 1

Fayz-e-Husayni International Trust

Reference and Administrative Details (continued)

Solicitors B D B Pitmans LLP 50 Broadway London SW1H 0BL Bankers Habib Bank 5/7 High Street Southhall Middlesex UB1 3HA

Page 2

Fayz-e-Husayni International Trust

Trustees' Report

The trustees present the annual report together with the financial statements and auditors' report of the charity for the year ended 31 December 2021.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Charity's Trust deed, the Charities Act 2011 and “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 from 1 January 2015).

Objectives and activities

The objectives of the Trust are as follows:-

The policy of the Trust continues to be to seek additional support and provide for the aims as stated.

The Trustees have paid due regard to guidance issued by the Charity Commission on public benefit and in deciding what activities the Trust should undertake.

Achievements and performance

The Trust carries out a wide range of activities in pursuance of its charitable aims. The Trust organises pilgrimages to Saudi Arabia and Iraq. Due to Covid-19, there was a travel ban imposed by Government, this resulted in all tours to be cancelled or resheduled.

The investment property continued to provide a satisfactory return, enabling the Trust to fund the majority of its charitable activities.

Financial review

The Trust is reliant on income from donations from community members and rental income from its investment property. In the year under review income from donations and charitable activities increased from £2,155 to £81,492, and rental income increased from £157,953 to £160,889. Total expenditure increased from £161,150 to £238,957. The unrestricted funds available are sufficient to permit the Trust to continue in operation for the foreseeable future.

Reserves policy

The policy of the Trust is to maintain unrestricted funds, which are free reserves of the Trust, at a level in excess of unrestricted expenditure. This provides for sufficient funds to be available for all management and administration costs as well as ensuring that adequate funds continue to be available for the costs of meeting the Trust's charitable activities.

The balance held as unrestricted funds at the year end was £7,381,700 (2020: £7,378,276), of which £310,867 (2020: £329,566) are regarded as free reserves, after allowing for funds tied up in tangible fixed assets. All unrestricted funds of the Trust are held for its general purpose.

Page 3

Fayz-e-Husayni International Trust

Trustees' Report (continued)

Investment policy

The Trust deed authorises the Trustees to make and hold investments using the funds of the charity. The Trustees also have power to hold funds with bankers as necessary. Due to the tenets of the Dawoodi Bohra faith, interest can neither be received nor paid.

Risk Assessment

The principal risks faced by the Trust lie in the performance of investments and the operational risks involved in organising the pilgrimages.

The Trustees have assessed the major risks to which the Trust is exposed and are satisfied that systems are in place to mitigate exposure to those risks.

The policies and purposes of the Trust shall continue under the provisions of the Trust deed.

Impact of Covid-19

On 11 March 2020, the World Health Organization declared the Coronavirus (COVID-19) outbreak to be a pandemic in recognition of its rapid spread across the globe. The Government introduced travel bans on all countries, due to this all planned pilgramages were cancelled or rescheduled. The Trust ensured that it adhered to all Covid-19 guidelines in relation to other activities.

For the charities 31 December 2021 financial statements, the COVID-19 outbreak and the related impacts are considered non-adjusting events. Due to the uncertainty of the outcome of the current events, the charity cannot reasonably estimate the impact these events will have on the charity’s financial position, results of operations or cash flows in the future. To minimise the uncertain financial risk associated with the pandemic , The Trust have put measures in place to ensure reduction is costs and income generation. The rental income received from investment properties would ensure all Trust overheads are paid.

The charity holds reasonable cash reserves to shelter against the impact of the current coronavirus pandemic. In addition, announcements by government of various initiatives to support businesses to address short-term income shortfalls should enable the charity to continue operationally.

Structure, governance and management

The Trust was established by a charitable trust deed dated 26th August 1987, effected by the 52nd Dai al- Mutlaq, His Holiness Dr Syedna Mohammed Burhanuddin (RA).

The Trustees named on the legal and administrative information page have served throughout the year.

The power of appointing and terminating Trustees is vested in the Dai-al Mutlaq. Trustees are appointed for a term of five years or as may be determined by the Dai al-Mutlaq and at the expiry of each such term they are required to retire but they continue in office until the Dai al-Mutlaq appoints new Trustees. The new Trustees appointed may consist of some or all of the retiring Trustees

Meetings of the Trustees are held regularly at which they agree the broad strategy and areas of activity for the Trust. The day to day administration of grants and processing and handling of applications prior to their consideration by the Trustees, together with the administration of expenditure and other charitable activities is delegated to the Operating Trustee and the Treasurer.

Page 4

Fayz-e-Husayni International Trust

Trustees' Report (continued)

New Trustees are considered for appointment, taking into account the skill requirements of the Trustee body. The induction process for new Trustees provides them with meetings with the Board of Trustees and with documentation setting out the policies and grant making processes of the Trust, the power and responsibilities of the Trustees and a brief history of the Trust including copy of the minutes and accounts.

The Trustees consider the board of Trustees as comprising the key management personnel of the Trust in charge of directing and controlling the charity and running and operating the charity on a day to day basis. All Trustees give their time freely and no Trustee remuneration was paid in the year.

There are related party transactions including relationships with the wider network of the registered charities with similar objects and these are disclosed in note 15.

Plans for the future

The policies and purposes of the Trust should continue under the provision of the Trust Deed and the Trust aims to continue to promote the performance of Hajj and Karbala among the communities and the public at large.

The Trustees' report was approved by the Board of Trustees and signed on their behalf by.

Shaikh Mustafa bhai Poonawala Treasurer

Dated: 25th October 2022

Page 5

Fayz-e-Husayni International Trust

The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.

The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that 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 Charities (Accounts and Reports) Regulations 2008, and the provisions of the constitution. The trustees 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.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Page 6

Fayz-e-Husayni International Trust

Independent Auditor's Report to the Members of Fayz-e-Husayni International Trust

Opinion

We have audited the financial statements of Fayz-e-Husayni International Trust (the ‘Trust’) for the year ended 31 December 2021 which comprise the statement of financial activities, the balance sheet and the notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

Page 7

Fayz-e-Husayni International Trust

Independent Auditor's Report to the Members of Fayz-e-Husayni International Trust (continued)

We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Charities (Accounts and Reports)Regulation 2008 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities (set out on page 6), the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Auditor Responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Page 8

Fayz-e-Husayni International Trust

Independent Auditor's Report to the Members of Fayz-e-Husayni International Trust (continued)

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Due to the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. However, the primary responsibility for prevention and detection of fraud rests with both management and those charged with governance of the charity.

As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. we also:

• Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

• Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control.

Page 9

Fayz-e-Husayni International Trust

Independent Auditor's Report to the Members of Fayz-e-Husayni International Trust (continued)

• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees.

• Conclude on the appropriateness of the trustees’ use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charity’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the charity to cease to continue as a going concern.

• Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Use of our report

This report is made solely to the charity trustees, as a body, in accordance with section 144 of the Charities Act 2011 and regulations made under section 154 of that Act. Our audit work has been undertaken so that we might state to the trustees those matters we are required to state to trustees in an auditors' 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 its trustees as a body, for our audit work, for this report, or for the opinions we have formed.

......................................

Mr Eric Ashong FCCA (Senior Statutory Auditor) For and on behalf of Ashford Louis, Statutory Auditor

187 High Road Leyton London E15 2BY

27 October 2022

Ashford Louis is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006.

Page 10

Fayz-e-Husayni International Trust

Statement of Financial Activities for the Year Ended 31 December 2021

Note
Income from:
Charitable activities
2
Rental income
Total income
Expenditure on:
Charitable activities
5
Other expenditure
Total expenditure
Net income/(expenditure)
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
£
81,492
160,889
242,381
(176,209)
(62,748)
(238,957)
3,424
3,424
7,378,276
7,381,700		 Total
2021
£
81,492
160,889
242,381
(176,209)
(62,748)
(238,957)
3,424
3,424
7,378,276
7,381,700		 Total
2020
£
2,155
157,953
160,108
(108,637)
(52,873)
(161,510)
(1,402)
(1,402)
7,379,678
7,378,276

All of the charity's activities derive from continuing operations during the above two periods.

The notes on pages 13 to 21 form an integral part of these financial statements. Page 11

Fayz-e-Husayni International Trust

(Registration number: 297673) Balance Sheet as at 31 December 2021

Note
Fixed assets
Tangible assets
11
Investments
12
Current assets
Debtors
13
Cash at bank and in hand
Creditors: Amounts falling due within one year
14
Net current assets
Net assets
Funds of the charity:
Unrestricted income funds
Unrestricted funds
Total funds		 2021
£
519,833
6,551,000
7,070,833
3,872
497,579
501,451
(190,584)
310,867
7,381,700
7,381,700
7,381,700		 2020
£
497,710
6,551,000
7,048,710
3,571
483,997
487,568
(158,002)
329,566
7,378,276
7,378,276
7,378,276

The financial statements on pages 11 to 21 were approved by the trustees, and authorised for issue on 25 October 2022 and signed on their behalf by:

.........................................

Shaikh Mustafa bhai Poonawala -Treasurer Trustee

The notes on pages 13 to 21 form an integral part of these financial statements. Page 12

Fayz-e-Husayni International Trust

Notes to the Financial Statements FOR THE YEAR ENDED 31 DECEMBER 2021

1 Accounting policies

Statement of compliance

The financial statements have been prepared on the historical cost convention, with items recognised at cost or transaction value unless otherwise stated in the relevant note to these financial statements and have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”), “Accounting and Reporting by Charities” the Statement of Recommended Practice for charities applying FRS 102, the Charities Act 2011 and UK Generally Accepted Accounting Practice as it applies from 1 January 2015. The Trust is a Public Benefit Entity as defined by FRS 102.

The financial statements 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 Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in sterling, which is the functional currency of the Trust. Monetary amounts in these financial statements are rounded to the nearest £.

Basis of preparation

Fayz-e-Husayni International Trust meets the definition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

Page 13

Fayz-e-Husayni International Trust

Notes to the Financial Statements FOR THE YEAR ENDED 31 DECEMBER 2021

Going concern

Since the start of January 2020, the coronavirus outbreak, which is a rapidly evolving situation, has adversely impacted global commercial activities. The rapid development and fluidity of this situation precludes any prediction as to its ultimate impact, which may have a continued adverse impact on economic and market conditions and trigger a period of global economic slowdown.

The financial impact of the pandemic on the valuation of tangible fixed assets, financial assets and financial liabilities as at the balance sheet date has been reflected in the financial statements.

The trustees are monitoring developments relating to coronavirus regularly and are coordinating its operational response based on existing business continuity plans, in addition to guidance from global health organisations, the government and general pandemic response best practices.

The trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future.

The charity holds reasonable cash reserves to shelter against the impact of the current coronavirus pandemic. In addition, announcements by government of various initiatives to support businesses to address short-term income shortfalls should enable the charity to continue operationally. Thus, the going concern basis has been adopted in preparing the financial statements for the year ended 31 December 2021.

Income and endowments

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 settlement will be required and the amount of the obligation can be measured reliably.

All expenditure is accounted for on an accruals basis. All expenses including support costs and governance costs are allocated or apportioned to the applicable expenditure headings.

Grants payable are payments made to third parties in the furtherance of the charitable objects of the Trust.

Governance costs are those incurred in connection with the management of the Trust, organisational administration and compliance with constitutional and statutory requirements.

Irrecoverable VAT is charged against the expenditure heading for which it was incurred.

Page 14

Fayz-e-Husayni International Trust

Notes to the Financial Statements FOR THE YEAR ENDED 31 DECEMBER 2021

Tangible fixed assets

Tangible fixed assets costing £4,000 or above are capitalised and stated at cost less depreciation. All assets costing less than £4,000 are expensed. Assets are reviewed for impairment if circumstances indicate their carrying value may exceed their net realisable value and value in use.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Long leasehold property improvements 10 years Fixtures, fittings & equipment 20% on reducing balance method

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities for the year.

Investment properties

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

They are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Foreign exchange

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the balance sheet date are reported at the rates of exchange prevailing at that date. The net differences arising have been dealt with through the Statement of Financial Activities.

Page 15

Fayz-e-Husayni International Trust

Notes to the Financial Statements FOR THE YEAR ENDED 31 DECEMBER 2021

2 Income from charitable activities

Pilgrims aid and assistance - Karbala
3
Investment income
Income from rents
Total for 2021
Income from rents
4
Rental property expenses
Management fees
Repairs and maintenance
Other property expenses		 Unrestricted
funds
General
£
81,492
Direct costs
£
29,141
26,048
7,559
62,748		 Total
2021
£
81,492
Unrestricted
funds
General
£
160,889
160,889
Unrestricted
funds
General
£
157,953
157,953
Total
2021
£
29,141
26,048
7,559
62,748		 Total
2020
£
2,155
Total
funds
£
160,889
160,889
Total
2020
£
157,953
157,953
Total
2020
£
30,828
20,974
1,071
52,873

Page 16

Fayz-e-Husayni International Trust

Notes to the Financial Statements FOR THE YEAR ENDED 31 DECEMBER 2021

5 Expenditure on charitable activities

Pilgrims aid and assistance - Karbala
Governance and support costs (Note 6)
Grant making (Note 7)		 Unrestricted
funds
Other
£
68,844
91,545
15,820
176,209		 Total
2021
£
68,844
91,545
15,820
176,209		 Total
2020
£
4,605
90,138
13,894
108,637

Page 17

Fayz-e-Husayni International Trust

Notes to the Financial Statements FOR THE YEAR ENDED 31 DECEMBER 2021

6 Analysis of governance and support costs

Support costs allocated to charitable activities

Rent
Light, Heat & Power
Depreciation
Telephone & Fax
Sundry Expenses
Cleaning
Audit fees
Bank Charges
Staff Cost		 Governance
costs
£
-
-
-
-
-
-
3,600
24
-
3,624		 Other support
costs
£
2,104
2,419
67,667
1,026
158
4,047
-
-
10,500
87,921		 Total
2021
£
2,104
2,419
67,667
1,026
158
4,047
3,600
24
10,500
91,545		 Total
2020
£
2,104
1,507
65,787
1,006
155
3,955
3,600
24
12,000
90,138

7 Grant-making

Analysis of grants

Analysis of grants
Analysis
Dawat-e-Hadiyah Trust (United Kingdom)
Anjuman-e-Burhani (London)		 Grants to institutions
2021
£
2020
£
10,000
10,000
5,820
3,894
15,820
13,894
13,894

8 Trustees remuneration and expenses

No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.

9 Staff costs

The aggregate payroll costs were as follows:

Page 18

Fayz-e-Husayni International Trust

Notes to the Financial Statements FOR THE YEAR ENDED 31 DECEMBER 2021

The monthly average number of persons (including senior management / leadership team) employed by the charity during the year expressed as full time equivalents was as follows:

2021 2020
No No
Administration staff 1 1

No employee received emoluments of more than £60,000 during the year

10 Taxation

The charity is a registered charity and is therefore exempt from taxation.

11 Tangible fixed assets

11 Tangible fixed assets
Cost
At 1 January 2021
Additions
At 31 December 2021
Depreciation
At 1 January 2021
Charge for the year
At 31 December 2021
Net book value
At 31 December 2021
At 31 December 2020		 Land and
buildings
£
868,283
89,790
958,073
404,371
60,908
465,279
492,794
463,912		 Furniture and
equipment
£
155,612
-
155,612
121,814
6,759
128,573
27,039
33,798		 Total
£
1,023,895
89,790
1,113,685
526,185
67,667
593,852
519,833
497,710

The long leasehold properties are held directly for use for the charitable purposes of the Trust.

12 Fixed asset investments

Investment properties 2021
£
6,551,000		 2020
£
6,551,000

Page 19

Fayz-e-Husayni International Trust

Notes to the Financial Statements FOR THE YEAR ENDED 31 DECEMBER 2021

Investment properties

Investment properties
Cost or Valuation
At 1 January 2021
Provision
At 31 December 2021
Net book value
At 31 December 2021
At 31 December 2020		 Investment
properties
£
6,551,000
-
6,551,000
6,551,000

The Trust carried out an independent valuation of the property on 31 March 2022, prepared by John Churchouse FRICS and Simon Aldous MRICS, both of whom are RICS Registered Valuers apponted by Savills. The market value of the property as per the valuation is £6,735,000.

13 Debtors

Prepayments
Other debtors
14 Creditors: amounts falling due within one year
Trade creditors
Other taxation and social security
Other creditors
Accruals		 2021
£
-
3,872
3,872
2021
£
93,260
3,256
78,364
15,704
190,584		 2020
£
844
2,727
3,571
2020
£
73,862
2,398
74,542
7,200
158,002

Page 20

Fayz-e-Husayni International Trust

Notes to the Financial Statements FOR THE YEAR ENDED 31 DECEMBER 2021

15 Related party transactions

During the year the charity made the following related party transactions:

Dawat-e-Hadiyah Trust (United Kingdom)

The Trust made donations of £10,000 (2020: £10,000) to Dawat-e-Hadiyah Trust (United Kingdom) and was charged ground rent amounting to £2,104 (2020: £2,104). At the balance sheet date the amount due to/from Dawat-e-Hadiyah Trust (United Kingdom) was £Nil (2020 - £Nil).

Anjuman-e-Burhani (London)

The Trust made charitable payments of £5,820 (2020: £3,894) to Anjuman-e-Burhani (London) during the year . At the balance sheet date the amount due to/from Anjuman-e-Burhani (London) was £Nil (2020 - £Nil).

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