Charity registration number: 297673
## Fayz-e-Husayni International Trust
Annual Report and Financial Statements for the Year Ended 31 December 2024
## **Fayz-e-Husayni International Trust**
## **Contents**
|Reference and Administrative Details|1|
|---|---|
|Trustees' Report|2 to 4|
|Statement of Trustees' Responsibilities|5|
|Independent Auditors' Report|6 to 9|
|Statement of Financial Activities|10|
|Balance Sheet|11|
|Notes to the Financial Statements|12 to 19|
## **Fayz-e-Husayni International Trust**
## **Reference and Administrative Details**
## **Trustees**
Shabbir bhaisaheb bin Shahzada Jamaluddin Saheb (name as in passport Shabbir Ammar Jamaluddin), - Chairman
Mustansir bs bin Farazdaq bs Husaini (name as in passport Mustansir Farazdaq Zainuddin), - Operating Trustee
Mulla Hunaid bhai Shaikh Sirajuddin bhai Hatimbhai (name as in passport Hunaid Hatembhai), - Secretary
Mulla Abdulqadir bhai Zoeb bhai Rangoonwala (name as in passport Abdul Kader Zoeb Rangoonwala), - Joint Secretary
Juzer bhai Shaikh Murtaza bhai Halai (name as in passport Juzer Murtaza Halai), - Treasurer Huzaifa bs Mohammedi (name as in passport Huzaifa Zainuddin)
Shaikh Zoeb bhai Kukshiwala (name as in passport Zoeb Shaikh Abdeali)
Shaikh Mustafa bhai Shaikh Yusuf bhai Poonawala (name as in passport Mustafa Yusuf Poonawala)
Mulla Taher bhai Shaikh Hamza bhai Jivanji (name as in passport Taher Hussein Jiwanji) Mulla Huzaifa bhai Mulla Khuzaima bhai Saam (name as in passport Huzefa Sam) Mulla Huzaifa bhai Abbas bhai (name as in passport Huzefa Abbashai)
**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 **Solicitors** Broadfield UK One Bartholomew Close London EC1A 7BL **Bankers** Habib Bank 5/7 High Street Southhall Middlesex UB1 3HA
Page 1
## **Fayz-e-Husayni International Trust**
## **Trustees' Report**
The trustees present the annual report together with the financial statements of the charity for the year ended 31 December 2024.
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:-
- To foster and promote the performance of Hajj, Umra and Ziyarah and to aid and assist pilgrims in
- • such performance and for this purpose undertake and carry out ancillary and incidental activities including travel arrangements, exchange formalities, transport and the provision of education, accommodation and medical relief.
- To arrange Niyaz and provide amenities and facilities for pilgrims.
- To advance Islam and any other Islamic religious objects.
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, Egypt, Iraq and Tunisia.
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 £413,303 to £831,605 and rental income decreased from £200,689 to £134,289. Total expenditure increased from £640,851 to £970,414.
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.
Page 2
## **Fayz-e-Husayni International Trust**
## **Trustees' Report (continued)**
At the year end, the Trust held total reserves of £7,551,105 (2023: £7,555,627), all of which are regarded as unrestricted funds. After allowing for funds invested in tangible fixed assets, the free reserves of the Trust amounted to £292,166 (2023: £233,914).
The Trustees consider the level of free reserves to be adequate to enable the Trust to continue its activities for at least 12 months from the date of approval of these financial statements. All unrestricted funds are held for the general purposes of the Trust in furtherance of its charitable objectives.
## **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.
## **Structure, governance and management**
The Trust was established by a charitable trust deed dated 26th August 1987, effected by the 52nd Dai alMutlaq, 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.
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 pilgrimages among the communities and the public at large.
The Trustees' report was approved by the Board of Trustees and signed on their behalf by.
Page 3
## **Fayz-e-Husayni International Trust**
## **Trustees' Report (continued)**
Mustansir Zainuddin (Oct 28, 2025 17:32:32 GMT+3)
Mustansir bs bin Farazdaq bs Husaini (name as in passport Mustansir Farazdaq Zainuddin) **Operating Trustee**
**27th Oct 2025**
Page 4
## **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:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- 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 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 5
## **Fayz-e-Husayni International Trust**
## **Independent Auditor's Report to the Members of Fayz-e-Husayni International Trust For Year ended 31 December 2024**
## **Opinion**
We have audited the financial statements of Fayz-e-Husayni International Trust (the ‘Trust’) for the year ended 31 December 2024 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).
- In our opinion the financial statements:
- give a true and fair view of the state of the charity's affairs as at 31 December 2024 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the requirements of the Charities Act 2011.
## **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.
We have nothing to report in this regard.
Page 6
## **Fayz-e-Husayni International Trust**
## **Independent Auditor's Report to the Members of Fayz-e-Husayni International Trust For Year ended 31 December 2024 (continued)**
## **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) to check with reference to Charities Act 2011 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of trustees remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.
## **Responsibilities of trustees**
As explained more fully in the Statement of Trustees' Responsibilities (set out on page 5), 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**
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 7
## **Fayz-e-Husayni International Trust**
## **Independent Auditor's Report to the Members of Fayz-e-Husayni International Trust For Year ended 31 December 2024 (continued)**
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
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:
- We obtained an understanding of the legal and regulatory requirements applicable to the charity. We considered that the most significant are those that relate to the reporting framework being FRS102, Charities SORP (FRS 102), Anti-Money Laundering and Charities Act 2011 rules and regulations
- We obtained an understanding of how the charity complies with these requirements by discussions with management and those charged with governance.
- We inquired from management and those charged with governance as to any known instances of non-compliance or suspected non-compliance with laws and regulations. We designed our audit procedures to identify instances of non-compliance throughout the audit and remained alert to instances of non-compliance throughout the audit.
- We assessed the risk of material misstatement of the financial statements, including the risk of material misstatement due to fraud and how it might occur, by holding discussions with management and those charged with governance.
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.
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.
Page 8
## **Fayz-e-Husayni International Trust**
## **Independent Auditor's Report to the Members of Fayz-e-Husayni International Trust For Year ended 31 December 2024 (continued)**
## **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, Chartered Certified Accountants & Statutory Auditor
187 High Road Leyton London E15 2BY
27 October 2025
Page 9
## **Fayz-e-Husayni International Trust**
## **Statement of Financial Activities for the Year Ended 31 December 2024**
|**Note**
**Income from:**
Charitable activities
2
Rental income
Total income
**Expenditure on:**
Charitable activities
5
Other expenditure
Total expenditure
Net expenditure
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward|**Unrestricted**
**funds**
**£**
831,605
134,289
965,894
(936,916)
(33,498)
(970,414)
(4,520)
(4,520)
7,555,625
7,551,105|**Total**
**2024**
**£**
831,605
134,289
965,894
(936,916)
(33,498)
(970,414)
(4,520)
(4,520)
7,555,625
7,551,105|**Total**
**2023**
**£**
413,303
200,689|
|---|---|---|---|
||||613,992|
||||(560,500)
(80,351)|
||||(640,851)|
||||(26,859)|
||||(26,859)
7,582,486|
||||7,555,627|
All of the charity's activities derive from continuing operations during the above two periods.
The notes on pages 12 to 19 form an integral part of these financial statements. Page 10
## **Fayz-e-Husayni International Trust**
## **(Registration number: 297673) Balance Sheet as at 31 December 2024**
|**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**|**2024**
**£**
523,939
6,735,000
7,258,939
14,400
485,426
499,826
(207,660)
292,166
7,551,105
7,551,105
7,551,105|**2023**
**£**
586,713
6,735,000|
|---|---|---|
|||7,321,713|
|||-
393,476|
|||393,476
(159,562)|
|||233,914|
|||7,555,627|
|||7,555,627|
|||7,555,627|
The financial statements on pages 10 to 19 were approved by the trustees, and authorised for issue on 27 October 2025 and signed on their behalf by:
Mustansir Zainuddin (Oct 28, 2025 17:32:32 GMT+3)
.........................................
Mustansir bs bin Farazdaq bs Husaini (name as in passport Mustansir Farazdaq Zainuddin) Trustee
The notes on pages 12 to 19 form an integral part of these financial statements. Page 11
## **Fayz-e-Husayni International Trust**
## **Notes to the Financial Statements** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
## **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.
## **Going concern**
The trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Going concern basis has been adopted in preparing the financial statements for the year ended 31 December 2024.
## **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 12
## **Fayz-e-Husayni International Trust**
## **Notes to the Financial Statements** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
## **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 - 25 years on a straight line basis Improvements to property - 10 years on a straight line basis 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 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 statement of financial activities.
## **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 creditor 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.
## **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 13
## **Fayz-e-Husayni International Trust**
## **Notes to the Financial Statements** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
## **2 Income from charitable activities**
|Pilgrims aid and assistance - Religious sites
Donations received
Pilgrims aid and assistance - Religious sites
Donations received|**Unrestricted**
**funds**
**General**
**£**
774,731
56,874
831,605
**Unrestricted**
**funds**
**General**
**£**
393,183
20,120
413,303|**Total**
**2024**
**£**
774,731
56,874|
|---|---|---|
|||831,605|
|||**Total**
**2023**
**£**
393,183
20,120|
|||413,303|
The charity facilitates and organises pilgrimages for members of the community to visit holy sites in Mecca, Medina, Iraq, and Tunisia. These activities form part of the charity’s religious and community objectives and include the coordination of travel arrangements, accommodation, and on-site guidance to ensure participants can perform their religious observances in a safe and supportive environment.
## **3 Investment income**
|Income from rents|**Unrestricted**
**funds**
**General**
**£**
134,289
134,289|**Total**
**2024**
**£**
134,289
134,289|**Total**
**2023**
**£**
200,689|
|---|---|---|---|
||||200,689|
Page 14
## **Fayz-e-Husayni International Trust**
## **Notes to the Financial Statements** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
## **4 Rental property expenses**
|**4**
**Rental property expenses**||||
|---|---|---|---|
|Management fees
Repairs and maintenance
Other property expenses
**5**
**Expenditure on charitable activities**
Pilgrims aid and assistance - Religious sites
Contributions towards religious feasts
Governance and support costs (Note 6)
Grant making (Note 7)|**Direct costs**
**£**
14,288
7,190
12,020
33,498
**Unrestricted**
**funds**
**Other**
**£**
727,133
3,725
107,611
98,447
936,916|**Total**
**2024**
**£**
14,288
7,190
12,020
33,498
**Total**
**2024**
**£**
727,133
3,725
107,611
98,447
936,916|**Total**
**2023**
**£**
19,877
46,383
14,091|
||||80,351|
||||**Total**
**2023**
**£**
349,079
-
105,109
106,312|
||||560,500|
Page 15
## **Fayz-e-Husayni International Trust**
## **Notes to the Financial Statements** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
## **6 Analysis of governance and support costs**
## **Support costs allocated to charitable activities**
|Rent
Light, Heat & Power
Depreciation
Telephone & Fax
Sundry Expenses
Cleaning
Repair & Maintenance
Audit fees
Bank Charges
Staff Cost|**Governance**
**costs**
**£**
-
-
-
-
-
-
-
4,320
1,105
-
5,425|**Other support**
**costs**
**£**
2,104
2,658
62,775
1,222
272
4,737
3,695
-
-
24,723
102,186|**Total**
**2024**
**£**
2,104
2,658
62,775
1,222
272
4,737
3,695
4,320
1,105
24,723
107,611|**Total**
**2023**
**£**
2,104
1,015
65,311
1,046
486
5,148
10,764
3,600
113
15,522
105,109|
|---|---|---|---|---|
## **7 Grant-making**
## **Analysis of grants**
|**Analysis of grants**|||
|---|---|---|
|**Analysis**
Dawat-e-Hadiyah Trust (United Kingdom)
Anjuman-e-Burhani (London)|**Grants to institutions**
**2024**
**£**
**2023**
**£**
92,553
102,300
5,894
4,012
98,447
106,312||
|||106,312|
## **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 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:
||**2024**||**2023**||
|---|---|---|---|---|
||**No**||**No**||
|Administration staff||3||2|
Page 16
## **Fayz-e-Husayni International Trust**
## **Notes to the Financial Statements** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
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**
|**Cost**
At 1 January 2024
At 31 December 2024
**Depreciation**
At 1 January 2024
Charge for the year
At 31 December 2024
**Net book value**
At 31 December 2024
At 31 December 2023|**Land and**
**buildings**
**£**
958,073
958,073
536,520
38,323
574,843
383,230
421,553|**Furniture and**
**equipment**
**£**
207,874
207,874
157,122
10,150
167,272
40,602
50,752|**Other tangible**
**fixed asset**
**£**
143,010
143,010
28,602
14,301
42,903
100,107
114,408|**Total**
**£**
1,308,957|
|---|---|---|---|---|
|||||1,308,957|
|||||722,244
62,774|
|||||785,018|
|||||523,939|
|||||586,713|
The long leasehold properties are held directly for use for the charitable purposes of the Trust.
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## **Fayz-e-Husayni International Trust**
## **Notes to the Financial Statements** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
## **12 Fixed asset investments**
|**12 Fixed asset investments**|||
|---|---|---|
|Investment properties
**Investment properties**
**Cost or Valuation**
At 1 January 2024
**Provision**
At 31 December 2024
**Net book value**
At 31 December 2024
At 31 December 2023|**2024**
**£**
6,735,000|**2023**
**£**
6,735,000|
|||**Investment**
**properties**
**£**
6,735,000|
|||-|
|||6,735,000|
|||6,735,000|
The Trust carried out an independent valuation of the property on 31 March 2022, prepared by John Churchoue 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|**2024**
**£**
14,400|
|---|---|
## **14 Creditors: amounts falling due within one year**
|**14 Creditors: amounts falling due within one year**|||
|---|---|---|
|Trade creditors
Other taxation and social security
Other creditors
Accruals|**2024**
**£**
82,004
377
79,629
45,650
207,660|**2023**
**£**
82,004
-
66,148
11,410|
|||159,562|
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## **Fayz-e-Husayni International Trust**
## **Notes to the Financial Statements** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
## **15 Related party transactions**
During the year the charity made the following related party transactions:
- Dawat-e-Hadiyah Trust (United Kingdom)
- Anjuman-e-Burhani (London)
## **Dawat-e-Hadiyah Trust (United Kingdom)**
During the year, the Trust made donations of £92,553 (2023: £102,300) to Dawat-e-Hadiyah Trust (United Kingdom), a related charitable organisation.
The Trust was also charged ground rent amounting to £2,104 (2023: £2,104) by Dawat-e-Hadiyah Trust (United Kingdom) in respect of premises occupied during the year.
Included within Charitable Activities Expenditure is an amount of £120,000 (2023: £105,000) relating to costs incurred in facilitating travel and pilgrimage arrangements for community members to visit religious sites. At the balance sheet date 31st December 2024, the amount due to Dawat-e-Hadiyah Trust (United Kingdom) was £8,416 (2023 - £6,312).
## **Anjuman-e-Burhani (London)**
The Trust made charitable payments of £5,894 (2023: £4,012) to Anjuman-e-Burhani (London) during the year. At the balance sheet date 31st December 2024, the amount due to/from Anjuman-e-Burhani (London) was £Nil (2023 - £Nil).
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