Charity registr1( number: 502646 THE MUSLIM (HANFI SUNNI) ASSOCIATION Annual Rew)rf and Financial Staiements for the Y¢ar Ended 31 December 2022
THE MUSLIM (HANFI SUNNI) ASSOCIATION Contents Referente and AdTnitiistraiive Detsils TlsteeS. Report 2to3 SiateTnent of Trnstees, Responsibilities Independeni Examin&s Report Statement of FilclaI Activities 6t07 Balance Sheet Notes to the FinancÈal Sratem¢nts 9t019
THE MUSLIM (HANFI SUNND ASSOCIATION Reference and Administralive Details Trustees Mr MahrniM)d Al)rned Mr Mushtsq Hussain Mr Mohammed Rafiq Mr Ajaz Mendi Chaudhry Mr Abdul Razzaq 502646 Charity Registratioll Number Principal OtrK¢ 3ia Randall Street Blackbum Bbl 7LG Independet Exarniner Riaz Ahmad FCCA Riaz Ahmad & Co Chartered Certified Accounwits LA)rd House 51 Lord Street Manchester M3 IHE Page I
THE MUSLIM (HANFI SUNNI) ASSOCIATION TThstees' Report The trusiees present the arUal together with the financial staternents of the charity for the year ended 31 December 2022. Objectives and acttvities Objects &ndaims To provade excellent faciliiies for daily prd)"ers. teaching faciltiies for Quran and religeous education, holding le¢ftwes. assisting wilh marriages and funerats and holding Celeblon of religeous events iTrcluding Eid Milad ul Nabi. To advance in ¢entre of excellence ill Islamic learning and lifelong learningby wotking with local schools. business, Blackbum College. Blackbum Council. Police and other stskeholders. Our aim is to provide worship facilities for daily prdyers and a communty hub for the community to come together. Ob}ecl1v, straiegief andaclivities We have two m05ques Madina Masjid and Masid+Raza where five daily prayer sessions ar eheld. In addition we collect and distribute charitsble donations I zakat. fitrana and sadaqa}. We help people who r¢locate into our catchmeni area to settle into the Community. Fundr4lsing disc105ures Funds are raised ihrough donations from public and chalg for religeous teachin& funeral& weddings and hire of mosque facilities. We also hold fiddIStg activities for natIal ¢alatt]aties like fl(bod and earthquak¢ etc. Publie bÉneJli The charity ailns to provide prdyer facilities to the Muslirn communitv as well as edcatiOn facilities for teaching Holy Quran and Islamic educaiion.we facilitate weddin& funerals and other religeous OblgatIOns. The iTU5tees confimi that they have complied with the requirements of 5eciion 17 of the Chariiies Aci 2011 to have due regard io ihe public benefit guidance published by the Charity Commission for England and Wales. Grani mukiugpolicies We do noi provide grdnts lo any individuals or organisation& Structurey goyernallce and management 'atl4Te ofg(>verning documeni Charity is governed by its constitiOn. Islamic principles and complie5 with the Charity Comtnisston requiements. Reeruilmenl &ndappDinlment of iSIeeS Ttee9 are volunteers and chosen frorn the congregation based on their skill sets, time availability and servi¢es to the community. Inducllon iruining oftrusiees Full induction in th¢ chariry regulaiion% and procedures is provided at the time of appointrnnent and continuous professional development is facilitated throughout the period of the appointment. Page 2
THE MUSLIM (HANFI SUNNI) ASSOCIATIO Truste¢s' Report ArrnnemeMtsfor setting Aey manuxemenkpersonnel remuner10Th Trustees are all volunteers and do not draw any rernun¢ralion. Reasonable expenses may b¢ ¢lairned bu none are noi claimed io dat¢. Oryanl&ailonul slruclHre The Charity is by the B00rd of Tte¢S who make all maor decisions. Financial instruments Objeeilva undpollcl The eharity's activiiies expose it io a numbeT of financial risks including credit risk. cash flow risk and liquidiry risk. The use of financial derivatives is governed by the charity's policies approved by the board of trustees, which provide written principles on th¢ use of financial derivatives to manag¢ these risks. The charity does not use derivative financial inslruments for 5peculaiive purposes. Cishflow rlsk Th¢ ¢harity's activities expose it primarily (o the financial risks of Changes in foreign currency exchange rates and interest r4t¢s. The charity uses forei8n exchange forward ¢onlWts and inleresl rate swap coniracts io hedg¢ th¢5¢ ¢xposur¢s. Interest bearing assets and liobililie5 are held * fixed rate to ensure certainry of flows. Credli rlsk The charity's principal financial assets are bank balances and c&th. trade and other receivables, and investments. The charity's credit risk is primarily allributhble 10 its trade receivables. The arnounts presented in the balance Sheet are net of allowances for doubtful re¢¢ivables. An allowarC for impairnient is made where th¢r¢ is an identified loss event which. blsed on previous experience, is evidence of a reduction in ihe recoverability of the ash flows. The credit risk on liquid funds and derivative financial instruments is IiTnited because the counterparties ar¢ banks with high credii-raiings assigned by iDternalional credii-rdting agencies. The charity has no signiflcant concenlrdtion of ¢r¢dii risk, wilh exposure spread ower a larse number of ¢ounterparties and customers. Llquidlty rls In order to mointoin liquidity io ensure that suificient funds are available for ongoing 0rationS and future d¢v¢lopmenis. the chariiy uses a miKture of long-term and short-t¢rm debt finance. Further deiails regarding liquidity risk ¢an be found in the Siatement of accounting policies in the financial statements. The annual report was approved by the trustees of the charity on 24 August 2023 and signed on its behalf by.. Mr Mushtaq Hussain Trustee Page 3
THE MUSLIM (HANFI SUNNI) ASSOCIATION Statement of Trnstees, Responsibilities 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 lo charitie5 require5 the trustees to prepare financial sthtements for each financial year h1£h give a true and fair view of the 51ate of affakrs of the chariry and of the incoming resources and application of resources tsf the charity for that period. In preparing these financial statements, the trusi¢es are required to.. select suithble accounting policies and then apply them consistentty: observe the meth(xls and principles in the Chariiies SORP: make judgem¢nts and esiimaies ihai are reasonable and prudent. state whether applicable aecounling standards have been followed, subjecl lo any material depamwes disclosed and explained the financial statem¢nts: and prepare the financial slatements on the going concem b&8is unless it is inappropriate to presume that the charity will continue in business. The tTUSt¢e5 are responsible for keeping prow accounting records that dksclose wilh reasonabl¢ accuracy ai any tÉm¢ the financial position of the charity and enable them 10 ensure ihai the finaneilll stat¢m¢nts comply with the Chariiies Act 201 l. the applicable Chariiies (Accounts and Reports) Regulalions. and the provisions of the consliiuiion. I'he trusiees are also responsible for safe8uarding the ass¢ls of the charity and hence for taking reasonable steps for the prevention and detection of fraud and oth¢r irregularities. Approved by the trustees of the chariry on 24 Au8usI 2023 and $i)ed on its behalf by.. Mr Mu5hi4 Hus5ain Trustee Page 4
THE MUSLIM (HANFI SUNNI) ASSOCIATION Independent Examiner's Report to the trustees of THE MUSLIM (HANFI SUNNI) ASSOCIATION I report to the trustees on Tny examination of the accounts of THE MUSLIM {HANFI SUNNI) ASSOCIATION for the year ended 31 December 2022. Respo51b11ities aThd basis of rtp)rt As the charity. trustees of THE MUSLIM (HANFI SUNNI) ASSOCIATION you are responsible for the PTepara(ion of the accounts in accordance with the requirements of the Chartties Act 2011 {"the Aet.). I report in respeci of Tny examination of the THE MUSLIM IHANFI SUNNI) ASS(lATION's accounts carried out under section 145 of the 2011 Aci and in carrving out my examination I have followed all the applicable Diretiions given b). the Charity Commission under seciion 145(5Mb) of the Ad. Independent exarniner's statement Since THE MUSLIM IHANFI SUNNI) ASSOCIATION'S gros5 income exceeded £250,000 your exominer must be a member of a W listed in section 145 of Éhe 2011 Act. I confirni that l atn qualified to undertake the examination because l am a rnember of FCCA. which is one of the listed bodies. I have Completed my examination. I confirni thai no Tnaterial matteTS hav¢ come (o my attention in conne¢tion with the examination givinu me cause to believe thai in any maierial respect: l. accountino records were not kept in respect of THE MUSLIM (HANFI SUNNI) ASS(KIATION as required by sttiion 130 of the Act,. or 2. the a¢count5 do not accord with those record& or 3. the accounts do noi colnplv with the accounting requirelnents conceming the fom and content of accounts set out in the Charities (Accounlg and Repons) RegUl10S 2008 other than any requirement that the aecounts give a 'true and fair view, which is not a matter Considered as part of an independent examinatLOn. I have no concerns and have come across no other matters in connfftion with the examination to which atLention should be drdWTr in this report in order to enabl¢ a proper undetstanding of the accounts to be reached. (Ukfya'i Riaz Ahm FCCA Riaz Ahmad & Co Chartered Certified Accotants Lord House 51 Lord Stree( Manchester M3 IHE 24 August 2023 Page 5
THE MUSLIM (HANFI SUNND ASSOCIATION Statement of Financiydl Aetivities for the Year Ended 31 December 2022 UnTUtricted funds Total 2022 Note Income and Endowments frorn: Donaiions and legacies Charitable acttvities Investment in¢ome Other incoTne 330.215 886 756 105.273 330,215 886 756 105,273 Total incomc 437,130 437.130 Expendtture on: Raising funds Charitable activities {97.973) (112,396) {97,973) (112,396) Total ¢xpendilure Net income 1210,369) (210,369 226.761 226.761 Net movement in fijnds 226.761 226,761 R¢coneiliation of funds Total fund$ broughi forward Total funi15 carried forward 3.470.632 3.470.632 17 3,697.393 Unr¢stricttd runds 3,697.393 Total 2021 Nole lth£om¢ and Endowments from: Donations and legacies Charitable activities Investment Èncome Other income 195,059 3.580 35 131,541 195,059 3,580 35 131.541 Total income 330,215 330.215 Expenditure on: Raising funds Charitable a¢tlVilie5 (70.012) {104,385 {70,012) 1104,385 Total expenditure N¢t income 174,397 (174,397 155,818 155.818 Net mowement in funds 155,818 155,818 Reconciliation of funds Total funds broughi forward Total funds carricd forward 3.314.814 3,314.814 17 3,470.632 3,470.632 All of the charity's a¢liYities derive from continuing operntions during the above two periods. The notes on pages 9 to 19 forni an integrdl part of these finan¢ial sratements. Pa8c 6
THE [uSLIm (HANFI SUNNI) ASSOCIATION Statement of Financial Activities for the Year Ended 31 December 2022 The fimds breakdown for 2021 is sho% in note 17. The notes on pages 9 to 19 forni an inteural part of these financia] statelnents. Page 7
THE MUSLIM (HANFI SUNNI) ASSOCIATION (RegistrAtion number: 502646) Balance Sheet as gt 31 December 2022 2022 21121 No Fixed 855ets Tangible assets 14 2.864.792 2,783.856 Curr¢nt #55et5 Cash at bank and in hand 835.968 687.035 Creditors: Amounts falling due within ont year Net current assets 16 13.3671 {2591 832.601 686.776 Net 45sets 3.697.393 3.470.632 Funds of the charlty: Unre$trleted incorne funds Unrcsiricted funds 3.697.393 3,470.632 Total fund$ 17 3,697,393 3.470,632 The financtal statem¢nls on pages 6 to 19 were approved by ihe tee$. and authori5ed for issue on 24 August 2023 and signed on iheir behalf by.. Mr Mushtaq Hussain Trustee The notes on pages 9 to 19 fomi an inlegral part of these financial statements. Page 8
THE IWSLIM (HANFI SUNNI) ASSOCIATION Notes to the Financial Ststements for the Year Ended 31 De¢ember 2022 l Accounting policies St2temtnt ofcompliance The fjnancial Stateen(S have been prep in accordance with the second edition of the Charities Sthtement of Recommended Practice issued in (ktober 2019. the Financial Reporting Stsndard applicable in the United Kingdom and Republic of Ireland IFRS 1021 and the Charities Act 2011. B4sis of preparatioll THE MUSLIM {HANFI SUNNI) ASSOCIATION meets the def]nition of a public benefit entity under FRS 102_ The accounts Iflnancial sthiements) have been prepared under th¢ historical cost convention with items recognised at cost or transaction value unless herwiSe Stated in the relevant notds) to these accounts. Exemption frorn prepariDg a cash flow stattrnent The charity Opted to earl). adopi Blllleiin I published on 2 February 2016 and have therefore not included a cash flow swement in rhese r]nancial stementS. Going coneern The trustees consider that there are no materhal uncertainties about the chariiys ability to continue as a going concern. Income eDdowments Voluntary income including don105, gifts. legacies and wts that provide cor¢ funding or are of a general nature is recognised when the charity. has entiilement to the income. it is probable that the income will be received and the amount can b¢ tneasur¢d M'ith sufficient reliability. Donolions legacies Donatolls and legaci¢5 are recOlsed on a rec¢ivable basis when receipl is probable and th¢ amount ¢an be reliably measured. Jnweslmeni incfime Dividends ore recognised once the dividend h&$ been declared ad notification has been received of the dividend due. Expenditure All expenditure is recognised once there is a legal or construaive obligation to thai expenditure, it is probable seffleTneni is required and the amount can be mvasured reliably. All costs are allocated to the applicable expenditure heading ihat agate similar costs io that category. Where costs cannot be directly attributed to particular headings ihey have been allocated ot] a basis consistent wilh ihe use of resources, with centrdl staff costs allo¢ated on ihe basss of lime spenL and depreciaihon Chae% all¢)cated on the wirtion of the asset's Use. Other support eosts are allocaied based on the spread of staff cos¥s. Ruisingfunds These are costs tncurred in attracting volunthry income. the managelnent of investments and thos¢ incurred in trading attiviiies that raise fund5. Page 9
THE IkWSLIM IHANFI SUNNI) ASSOCIATION Note5 lo the Financial Statements for the Year Ended 31 De¢ember 2022 Governance eosts These include the costs attributable io the charity's compliance with consiitylional and statutory requirements, including adiE Strdtegic management and trust¢es's meetings and 1mbur5ed expenses. Taxation 'lthe eharity is ¢onsidered to ihe icsts sei out in Pardgraph I Scheduk 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporatlon lax purpose5. Accordingly. the charity is potentially exempt from iaxaiion in respea of income or capital gain% received within ¢ategories overed by Chapter 3 Pan I l of the Corpordiion T&x Aci 2010 or Seccion 256 of the Taxation of Chargeable Gain5 Acr 1992, to ihe ¢xteni thal such in¢ome or gains are applied exclusively to charitable purposes. Tan%rble fixed assets Individual lixed ass¢ts costtng £0.00 or more are initially recorded at ¢05L less any subsequent aumulated depreciation and sub$equ¢ni accumulated impairnieni105se& tkpreclalion and #mortisation A$5eis are WTitten off in equal instslments over their useful life. No depreciation has been provided in ihe previo9 years accounts so the historic brought forward value5 has been written off by 50Yo to make ih Yalu¢ more realistic. A$$et elas5 Fixtures. Fiiiings & Equipmeni DepreeiaiiDn melhiKI and rgle I/ty slrnighi line basi$ C95h and ¢85h equivaltnt5 Cash and cash equivalenis ¢ompris¢ cash on hand and call deposits. and oiher short-t¢mi highly liquid invesimenis that ar¢ readily convertible io a known amouni of and are subjeci 10 insignificant risk of hange in value. Borrowings Interest.bearin8 boowing5 are initially re¢orded fair value. net of USa¢110n Costs. Interesr.bearrng borrowings are 5ubsequcntly carried ai amortised COSL with ihe difference beiween the proceeds, net of IransaLtion eosts, and the amount due on redempiion being recognised as a charye lo the Ststement of Finartcial A¢tiYiiie5 over the period of the relevani boowing. Inter¢st expense is recognised on the basi5 of the effective inter¢st method and 15 included in interest payable and similar charges. Borrowing5 are Classified as current liabilities unless the charity has Jn oI11110n81 right io def¢r settlement of the liability for at least Iw¢lve month5 after the reporting date. Fumd structure Unrestricted incom¢ funds ar¢ generdl funds that are available for use ai the trustees's discr¢tion in furtheran(¢ of the objectives of the ¢hartty. Page 10
THE MUSLIM (HANFI SUNND ASSOCIATION Notes to the Financial Statements for the Year Ended 31 December 2022 Fin#neial instrurneDt5 CIuJ+sific41ion Financial assets amd financial liabilities are re¢wised when the charity be£omes a paty to the contracts1 piovisions of the insrti]ment. Financial liabiliiies and equit), instrurnents are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contraci that ei'idences a residual interest in ihe assets of the Chariry after deducting all of its liabililies_ Recogntilt>n andmeasuremenl All financial asset5 and liabiliiies are initially measured at transaction price (including transaction costs). except for those financial assets classified as at fair value through profit or loss. which are initially measured at fair value (which is normallv the trdnsaciion price excluding rransaction costs), unle55 the arrangement constitthtes a financing transactson. If an arrangement constitutes a financing transactiOTU the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debi insmirnent. Financial assets and liabilities are only offset in the statement of financial position when. and only when there exists a legallj enf0eabIt right to sei off the recogni5ed amounts and ihe ¢harity intends either to settle on a net basi& or io realise the asset and settle the liability Simultaneously. Financial assets are derecognised 'hen and only when a) the contrJctual rights to the cash flOS from the fmancial assei expire or are settled, b) Ihe chartty transfers lo another party subsrantiallj all of the risks and rewards of ownership of the financial asset, or cl the charity- despite having retained some. bllt not all. significant risks and rewards of ownership, has transferred control of the asset to aDOther party. Financial liabilities are dere¢ognised only when the obligation specified in the CODtrdCt is discharged, cancelled or expires. Pagell
THE MUSLIM (HANFI SUNNI) ASSOCIATION Notes to the Financial Statements for the Year Ended 31 December 2022 Debl Instruments Debt instruments which rn¢et the following conditions are subsequently Mled at amortised cost using the eftective interest rneth(Ml.. (a) The contrdctual return io the holder is (i) a fixed arnouni: {ii) a positive fixed rate or a positive variable rdte. or lili) a combinaiion of a positive or a negative fixed rate and a positive variable rate. (b) The conirdct may pmvide for repaents of the principal or the reiurn to the holder (bui not both) lo be linked io a single relevant observable index of general price inflation of the currency in whieh the debt instrument 15 denominated, provided such links are not leveraged. Ic) The contract may provide for a detemiinable variaiion of the retum to the holder during the life of the Instrument, provided ihat {]) the new rdte satisfies condilion la) and the variaiion is noi contingent on future ¢vents other than { I l a change of a contractual variable raie-12) 10 protect the holder again51 credii d¢teriordtion of the issuer., (3} changes in l¢vies applicd by a centTal bank or arising from changes in relevant taxation or law: or lil) th¢ new rate is a mark¢t rdte of inleresi and satisfies condiiion {4). {dl There 15 no conirdctual provision Ihat could. by its lem& result in the holder 105ing the principal amount or any interest attributable to th¢ Current period or prior period$. lel Contrydctual provi5i0ns that p¢nnit the issuer io prepay a debt insirumenl or perniii the holder to put li back to the issuer before maturity are noi contingent on future evenis. oiher than io proteci the holder against che credit deteriotalion of the issuer or a change in conlrol of ihe issuer. or to proieci the holder or issu¢r againsi Changes in levies 2pplied by a central bank or arising from changes in relevant iaxalion or law. ID Coniractual provisions may p¢miii ihe exiension of ihe ienn of Ihe debi instrument, provided Ihai th¢ return io the holder and any other conlrnciual provisions applicabl¢ durin8 the extended ienn satisfy the condilions of paragraphs la) to Ic). Debt in5trument5 that are ¢ilfIed as payable or re¢eivable within one year on inilial reeognition and which meet the above conditions are measured * the undis¢ounied arnouni of the cash or other consideration expected io be paid or received, net of impairn)ent. With the exception of some hedging inslruments, other debi insmun¢nts not meeting these conditions ar¢ Meured al fair value through profit or10s5. CoTnmitmenls to make and receive Ii)ans which meei th¢ conditions mentioned above are measured at cost (which may be nil) less impaiment. Ihvestments Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably merable) are measured ai fair value through profit or loss. Wher¢ fair value catmot be measured reliably, investrnents atr measured at cost less irnpaimient. Investments in subsidiaries and associates are measured at cosi less impair¥ll¢nt. For investments in subsidiaries acquired for consideration including th¢ issue of shares qualify'ing for merger relief, Cost is tneasured by reference to thc nominal value of the shares issued plus fair value of other con5id¢ralion. Any premium is Egnored. Page 12
THE MUSLIM {HANFI Su11) ASSOCIATION Notes to the Financial Statements for the Year EDded 31 December 2022 Derivdlivefmanciulinstr¥ments The charity uses derivative financial instruments io reduce exposure to foreign exchange risk and interes1 rate moveTnents. The charity di)es not hold or issue derivaiive financial instrwnents for speculative purposes. Derivatives are iniiiallv recognised ai fair value ai ihe date a d¢rivative contract is entered into and are subsequently remeasured to their fair value at each reporting date_ The resulting gain or loss is recognised in stateTnent of financial aciivili£s immediatel). unless the derivaiive 15 designated and effe¢tive as a hedgiTtg instrument. in which event the liming of the recognition in sratrment of financial activities depends on the nathre of ihe hedge relationship. F&ir value meusuremeni The best evidence of fair value is a quoted price for an identical asset in an acthve market. When quoted prices are unavailable, the pric¢ of a recent transaction for an ideniical asset provides evidence of fair value as long a5 there has not be¢n a significant change ID economic tircwnstances or a significani lapse of lime since the trdnsartion took place. If the market is not active and receni tranSalonS of an identical Sel on their are noi a good estimate of fair N'alue, the fair value is estirnated by using a valuation technique. 2 Income from donations XDd legacies Unrestricted funds General Total funds Donations and le¥acies' Donations from individuals 330.215 330,215 Total for 21122 iJO.215 330,215 Total for 2021 195.059 195,059 3 Income from charitable artivities Unrestrieted fuDds Gener•1 Total funds 886 886 Totsl for 2022 886 886 Total for 202J 3,580 i,580 4 Invfflment income Page 13
THE MUSLIM (HANFI SUNNI) ASSOCIATION Notes to the Financial Statements for the Year Ended 31 De¢ember 2022 Unrestricted fund$ G¢er>I Tot41 funds Inieresi receivable and similar income- Interest receivable on bank deposirs Total for 2022 756 7S6 756 756 Total for 2021 35 35 5 Other income Unre5trieted funds Totsl funds Fee5 and supplies Total for 2022 105,273 105.273 105.273 105,273 Total for 2021 131,541 6 Expenditure on rniglng funds g) Costs of trading #etlvities UTrre5tricted runds General Total funds Noie Costs of goods sold 97.973 97.973 Total for 2022 97.973 97,973 Totsl for 2021 70,012 70.012 Total costs 7 Expenditure on chgritable gctivities urestriCted funds General Totsl fud5 Note Govemanr¢ cost5 112,396 112,396 Total for 2021 104,385 104.385 Page 14
THE MUSLIM (HANFI SUNND ASSOCIATION Iyoles to the Financial Statements for the Year Ended 31 December 2022 Total expenditure 8 Analysis of governance ¥nd 511PPOrt costs Governance costs Unrestricted funds General Total funds Stsfycosts Wages and salaries Social security costs Depreciation, amortisation and other similar costs Other governance costs 46.211 3,200 7,200 55,28) 46,211 3.200 7.200 55,285 111,896 111.896 Total lor 2022 Total for 2021 104,385 104,385 9 f4et IDeomiDgloutgoing resourtts Net incoming resouTces for the year include= 2022 2021 Depreciation of fixed assets 7,200 35,552 10 Trllsttts remuneration aDd expen 11 Stsff Costs The aggregate paJToII costs were as follows: 2022 2021 Stsff costs during the year were: Wages and salarie5 Social security costs 46.211 i,200 36.700 49,411 36,700 No employee received emoluments of more than £60.000 during the year Page 15
THE MUSLIM (HANFI SUNNI) ASSOCIATION Notes to the FinanciAI Statements for Ihe Year Ended 31 December 2022 12 JNdependent examintr'5 remuii¢ration 2022 Other fees to txarnineTS Examinaiion-relaied assurdnce services 500 Page 16
THE MUSLIM (HANFI SUNNI) ASSOCIATION Notes to the Financial Statements for the Year Ended 31 December 2022 13 Tgxgtion The charity is a registered charity and is theFore exempt from tsxation. 14 Tangibk fiied assets and building5 Furniture and equipment Totsl Cost At l January 2022 Addiiions 2.747,413 88.136 71,995 2.819.408 88,136 At 31 December 2022 2.835.549 71,995 2.907,544 Depreciatitin At l January 2022 Charge for the year 35,552 7200 35,552 7,200 At 31 December 2022 42.752 42.752 Net book vAlue At 31 December 2022 2.8J5,549 29,243 2,864.792 Ai 31 December 2021 2.747.413 36.443 2.78i.856 IS Cash cash equiv¥4lents 2022 2021 Cash on hand Cash at b8nk Short-terni deposits 11.853 476.081 348,034 13.519 326,238 347.278 835.968 687.035 16 Creditors: arnounts falliDg due within one year 21122 2021 Other taxation and social secutity Accruals 2.867 500 259 3,367 259 Page 17
THE MUSLIM (HANFI SUNNI) ASSOCIATION Notes to the Financial Statements for the Year Ended 31 Deeember 2022 17 FuDds Bxlgnce at 31 December 2022 Balance at I Jattuary 2022 Re50urees expended resourees Unrestricted fuDds General 3.470.632 437.130 (210.369) 3,697.393 Balance at 31 Deeejnber 2021 Blantt t I J#Nu#ry 2021 Incorning resources Resources expended Unr¢strlcted funds General 3.314,814 330,215 1174,397) 3.470.632 18 Analysis of net #55ets between futtd$ UnrtrIcted funds Genernl Tot41 funds at 31 Deeember 2022 Tangible fixed assets Current asseis Curreni liabilities 2,864.792 835,968 (3,367 3.697,393 2.864.792 835,968 13.367 Total net assets 3,697,393 Unrestricted runds Gener*1 Total funds At 31 December 2021 Tangible fixed assets Current assets Current liabilities 2.783.856 687,035 (259) 2,783.856 687,035 (259) 3,470,632 Total net asset5 3.470,632 19 Anal)'sls of net lund$ At31 December 2022 At l January 2022 Cash at bank and in hand 687,035 687,035 Net debt 687,035 687,035 Page 18
THE MUSLIM (HANFI SUNNI) ASSOCIATION Notes to the FinaDcial Statements for the Year End¢d 31 December 2022 At31 December 2021 At l Jaury 2021 C&sh ai bank and in hand 699.955 699,955 Net debt 699,95 699,955 Page 19
THE MUSLIM (HANFI SUNND ASSOCIATION Statement of Financial Activities by fund for the Year Ended 31 December 2022 Tolal Unrestricted Unrestrieted Funds Funds 21122 2021 Income and EndowmeDts from: Donation% and legacies Chariidble aciivities Investment tncome (hher incom¢ 330.215 886 195.059 3,580 35 131,541 756 105.273 Total incotne 437,130 330.213 Expenditure on: Raising funds Chdfiiublc aciivitie5 197.973) (112,396) (70.0121 {104.385 Total expenditure Nel income (210.369 1174,397 226.761 155.818 Nei movement in funds 226.761 155,818 Reeoncili#tion of funds Totol lunds broughi forward 'rotal funds carried forward 3.470,632 3,314.814 3.697,393 3.470.632 This page does not forn) part ofihe stalory financial 5taiements. Page 20
THE MUSLIM (HANFI SUNNI) ASSOCIATION Detailed Statement of Financial Aetivities for the Year Ended 31 December 2022 Total 2022 Totsl 2021 Income and Endowments from: Donations and legacies {analN'sed below) Charitable activities lanalysed below) Investment income {analysed below) Other income {analysed below) 330.215 886 756 105.273 195,059 3,580 35 131.541 Total In£0e 437.lJO 330,215 Expenditure OD: Raising funds {analvsed below) Charitable a¢(iviries (analysed below) (97.97)) 1112.396) (70,012) (104,i85) Tothl expendillt 1210,3691 1174,397) Net income 226,761 155,818 Nei movement in funds 226,761 155.818 Reconciliation of funds Total fidS brought foti¥ard Total funds carried forward 3.470,632 3.i14.814 i.697.39i 3,470,6J2 This page does not forni part of the statutory financial statements. Page21
THE MUSLIM (HANFI SUNNI) ASSOCIATION Detailed Statement of Financial Activities for the Year Ended 31 December 2022 Total 2022 Totsl 2021 Donal1S andleRucies Appeals and donations 330,215 195.059 330.215 195.059 Chorliable acilvlties Sale of goods and services rnade or provided by the beneficiaries of th¢ charity 886 3.580 886 3,580 Inve¥tmehilncome Interest on cash deposils 756 35 756 35 Oiher Incttme Fees and supplies 105.273 131.541 105,273 Purchases Direct costs (2.2421 167,770) (97.973) 197.973 Chorliable ocllvlil¢s Wa¥e5 and salaries Staff NIC (Employers) Waier rates Li&ht. heat and power Insurance Repairs and renewals Telephone and fax Printing. postage and stationery Charitable donations Cleaning Ind¢pendcnt examinerfs fee Bank charges Dcpreciation of fixtures and fittings (46,2111 {3200) (36,7001 (2,308} (11,5251 {3,920) 1482) (1,607) (24.6611 (4,384) 12911 {2.043) (3,713) (16,6511 (380) 15001 {3,162) (7.200) (112,396 (9.6371 150) (2,604) (35,552 1104.3851 Thts page doe5 noi fonn part of the statutory financial sthtements. Page 22