C114rity registration iiumbor.. 502646 THE MUSLIM (HANFI SUNNI) ASSOCIATION Annuil Ileport And F'lnllrtcial Stat¢mei)ts for the Yeor Bnded .1 l December 20?.7 'rHE MUSLIM (HAIYFI SUNNI) ASSOCIATION Contents {eontlnued) Ref¢rLncc lind AdministraiiY¢ Details 2iu4 'ruyl¥LS' RLporl SlalLn)ci?i ol'Ti￿51¢￿s, RLgpoiisibilili¥s IndLpLndciil ExiiiiunLV¥ Rcpoii 7iu8 Siul¥in¥iii L)I' Finniiciul Aclivili¥ 14DI)nce Sheei 1010211 NotLs lo the finaiiciol Statein¢nl8 THE MUSLIM (HANTrI SUNNI) ASSOCIATION Reference and Admlnlstrative Detalls Mr Mahmood Ahmed Mr Mushillq Hussain Mr Moliammi'd Rufiq MrAjaz Mendi Chaudhry Mr Abdul Ra72Uq SQ2646 Trustecy Chorlty Reglstralloii Number Prlnelpal Offl¢e 330 B￿nd￿lI Street Blockbum Bbl 7LG Riuz Ahmod FCCA Riaz Al)Inad & Co Chmrtered Certilicd Accounianis Lord Floiise 51 Lord Sireel Munche51cr Independent ExRmlner Page I THE MUSLIM (HANFI SUIYNI) ASSOCIATIOIY Trusteesl Report The truslres presenl the annual report together wilh th¢ finan¢ial 51oteiDents of the Gharily for ihe year cnded 31 DecLmbcr 2023. ()hJtiilves ond yctlviilc¥ Ohjects aiid aliiis, To providL cxL¥IILnL luLilitlLS for doily pruycr$, ieo¥hinb fuLilili¢8 for Quron aiid rcligcuus cduealion, holdin¥ Iccliir¢4, 045iStiiig with niarrlogcs and thneraly und h(Jldlng c¢lebrn¢inn of r¢liw¢nus cveiiis Includin￿ id Mllad ul Niibi. Tu lldviiiii¢ iii LLI)tr¢ of iix¢ell¢nce in Islomi¢ IcwTr1n￿ ai)¢J lifelong leurningby working with l¢)iul %LlIL)olN, businLI¥s, 141ttckbiirn Cnllcg¥, Ejluckburn CoLin¢il. Policc other 8¢Thk¢h()IdLr¥, Qur ttim 16 to providc WOTship facilities for daily prnycr& and a community hub for the cummuniry 10 caine iogeiher, OhJc¢tlve.¥,.IYruie%lLTr¥ und actlvllles WL hove IWO 11)0squ¢y Mlldino Mllsjid und Masid-¢-Raz& whcrc fiv¢ d&ily prnycr ycN¥ions Jr chold. In oddiiion ￿,¢ collect niid distrihutc chtsriioble donBtion% (7Ak8l, fiiruiia and sad8q81. We help people wl)o rLlocDie in(0 our catchment aTe8 to settle inlo the communily. Fiiiidrnl.%liig dlsclnsure.¥ Flind4 UTL r&i5cd Ilirvuuh dunolions froin public and Lllur￿1n8 for reli8¢QUS teuching, funcTuly, weddiiigs und hirc of mn8qii¢ fo¢ililics. Wc also hold lundruisin& activities for iintural colr41i1ali¢s like flood und cArihquake EtL', PiihllL. benLJJ71 Th¢ Lliarily uims lu provid¢ pray¢r facilitics lo th¢ Muiilim ¥ummunity a5 well 0$ educThlion facilities for I¢oLliiny I loly Quron and IqlDmic ediic8tion.we facilit&lL weddiny, fvnerftl4 and other r¢liBeaus obli&iolivns, 'I'he (niste¢s Lunfirm thul ilicy11ove complied with Ihe requiremen14 ()r slcliun 17 of Ilie Lliftriiies Acl 201 I Ir) huv ¢Juc r¥￿llrd to tlic public bLmcfit ¥uidunc¢ publi91ied by the Charity Commilsion fL)r England unli Wul¢$. Gr4nt nioklii%pollcl¢s Wc do not provid¢ gr8rtLs to any individuals or organiqftlions. 5trueturLb, governanee And mana¥¥menl Ntllure ofyuvevftiiix dociini¥Nt C.httriiy 1% governed by ity ¢onstitulion, Islllmic principles aiid compliey with thc Churity Commission rcquleniLn￿'. Reerultmeni uiid upiivlhliiieNi of iriiste¢J Truslees url voluntccrs Dt)d ¢hDs¢n frum Ihc congrcgr#iivn bus¢d OTh their $kill sets, lime uvailability alld scrvi¥is lo the community. Pagc 2 THE MUSLIM (HANFI SUNNI) ASSOCIATION Trustees, Report (continued) 1114ueiloN aiid irnlnlng oflrusleej. Fiill induciiun in Ihc chariry regulation¥ and procedures is prL)vided ol IhL limc of oppoinlmnetti ond continuous profc,$8ional dcvclopmcni is fli cilithted ihroughoul thc period of the appointmcnl. ArraiiReiiieiilsft>rseirfnR key manu%ementper.ioiiiiel remiiiierarfon Tru41¥Lii uro ull volunie¢rs and do not drnw ony remuneraiioll, Reasonllbl¢ exponyL'S Inlly bc ¢joimi￿ bu nun¥ are noi claimed ID da¢L'. Orgoiil,fUfton&l,Itrtsclupe Th¢ Churiiy is run by IhL BoArd ofTnJsiee$ who mokc llll maor decisions. Flnnnelal Instruments ObJ¢crlves 411dpullcles ThL lhuriiy'i IlLtivirie.4 expose it lo a number of finllnLial ri¥ks including ¢rcdit risk, eash flow riyk und liquidliy risk Tlie use of fiiiaiiciol derivalive& 15 govern¥d by th¢ cliarity'K policieg approved by the board ot trusi¢e.s, which provid¢ writtcii principlcs on Ihc usc of finon¥lal dLrivalivc.¥ lo manaL¥¢ thesc risk8. The chArity docs not u%¢ derivotlye finoiiclRI instn]men15 lor speculative purpo4e4. Ca.sliJlowp pl,Fk Thc eharily's uclivilie4 expose il priniarily to tli¢ finuncial riiiks of L.hange8 in foruign curwncy cx¢hung¢ rntcs und interest 171es. 'I'lie chArity us¢5 forcign exclian8e fonvard Lontr4cts Bnd inieresl rute 8W8P c()ntracts tn hcdge Ihc5e Cxpusurcs. Iiilcrc.¥l bearinu o.ii¢t% and lipbiliti¢fj are l)eld ol fixed rnle 10 ensure certainty of cash flow, Credli rl$A Tiio ¢liarity'5 prillcipul finon¢iul aiseL4 or¥ bunk b&luncc$ und fymyh, Irnd¢ und othcr rc¢eivgbles, and invc%lmci)ty, Tli¢ ¢liarity's credit risk is primttrily aitributhble lo Its Iradc receivuble¥. Thc amounl.I pre.4enied in Ihe balance sh¢¢i ar¢ n¢1 of allowallccs for doubtful re¢eivublc.8. An ollowuncc for impairinLni is mude ivhLrb' Ihcr¥ it> un idL'nlificd loss event which, based on previous experience, is evideneL' of a reduclion in tjic r¢cov¢rnhilily nf Ihe ¢afih flows, 'rhL ¢rcdit risk On li4uili lun(Ib #nd derivaiiv¢ finonciol iijstruinciits is Ilmi(Id bocouse lh¥ L'uunlLrpiirii¢8 drc bunk8 with high eredit-ralinLr.% as8ifjtncd t)y inTernAtion81 eredit-rnling a8enci&g. Thc churily haK nu 4ignifi¢ant conccntrlllion of cr¢dit risk, wth exposurc sprcad over a lor8c iiumb¢r of counierporties CUAlomeTh. Llquldlty rlsk In urdEr to maintain liquidiiy to cn5ure that suITici¢ni fund5 are uvailubl¢ fur unbiuillby opernrion¥ and fvturc dev¢lopinenis, the cliarity uscs o Inixturc of long-lem) and sliort.t¢rn) debt financ¢. Fuillier (l¢toi1s rcgurding liquidity risk Lan bc found in tjie SiatL'menl uf accounting polieics in (h¢ finoncinl 51Rlern¢nis. The annulll report was approved by ihc trnsrce.$ of the ch8rity 10 July 2024 signcd on lit> b¢hull'by.' P4gc 3 THE MUSLIM (HANFI SUNND ASSOCIATION Trusteesl Report (continued) Mr Mlisliifjq HussaiA TrustL' Page 4 THE MUSLIM IHANFI SUNNI) ASSOCIATION Statement of Trustees, Responsiblllties Th¢ Iruslees are responsible for preparing the Irusiees, r¥port and th¢ financial slniemenis in ft¢cordaiice with the Unilcd KinBdom Accounting Standard5 (United Kingdom CJ¥n¢rdlly Acceptcd Accounting Prociieel and opplicoblc low and re&wlaiioiis. Tli¢ law opplicabli lo ¢harilict> rcquir¢s Ihtt trustees io prepare finun¥iul slBt¢ments for each finuniiul yl'iir whiLh giv¢ a tiv¢ und fuir vi¢w of the srale of affiiiry of ihc chariry nnd of the inconiill&v re¥ourc¢$ and opplicaiton or r¥suurL'L¥ ufihL' L.hurily for that period. In propnrin&F Ihe¥e finoncilll slalemcnts. the Irusle#b are required 10: xclccl ¥uitable yccounting policics 2nd th¢n apply them corLSiSlenlly,' observe the m¢tho(ts and prin¢ipleg in th¢ Chllrilics SORP. n?ak¢ judgeinenls und e8timute5 Ihot urc rco40nttblc and pnjdcnl; strsie whctlicr applicable aecountl118 Standards hhve been followed, subJ¢ct io ony n)alerlthl depllmwc¥ d1￿closed und LxpluinLd in Ihe finanL'ial blulLmen￿. Trnd preporc thc linunLiul l>tulements on tlie Boin8 ¢oncem bo815 Urt]cs¥ it i¥ inappr(Ipri4le lo prcsumc ihllt th¢ churity will Continue in busine&s, The iTusiees are responsible for keepinB proper 4ccounling records that dise105c with r¢A50noble accurAcy fil any limc thc finun¢ial position of Ihe charity and enoble thcm to cnsurc Ihut thc finun¢i&l slolcrn¢nts' comply with Ihc LhHriti¢y A¢1 2011. th¢ Charilic9 (A¢¢ounts ond Reports) R¢Kulutions 2008, Dnd tli¢ prov19ions of IliL Lon&liluliun. ThL tTURt¢c.s ur¢ a150 responsible for safeguardlnB the assets of ihe charity und hence for toking fLU40nuble %tcp.% fTrr th¥ prL'vciilivn llnd dL'leLliun uf fraud und oihcr iTr¢uulorilics. 'rh¢ Iruslecs urc rcsponsible for Ihl mninlLnuncL 111)¢J inleu'ily of th¢ COTPOrntc niid finunLiuI infum14Jlion inLliidLd on the cl)oritable compllny's wcbsit¢. Le8islotion govLrnin# Il?e pr¢purntiiin und d5.s.%cniination of flnan¢ial stnlemenls rnuy dirrer from legislation in other jurisdiclioiis. Approved by rhe trustee$ of the charity on 10 July 2024 ond signcd on ils b¢hHlf by., Mr Musl)la41 I￿SS81n Trust¥0 Puuc 5 THE MUSLIM (HANFI SUNNI) ASSOCIATION Independent Examlner's Report to the trustees ofTHE MUSLIM (HANFI SUNNI) ASSOCIATION I rcport lu thL trustces on my cxaminution of the aL¢oun¢S of THE MUSLIM (HANFI SUNNI) ASSOCIATION for IIIL ycur ended 31 December 2021. Kesponslbllltlei bAsIg of roport - Il)¢ cliiirily In141cLig ol'THE MUSLIM (HANFI SUNNI) ASSOCIATION you arc rLypunsiblc for the pr¢pirAlion of th¢ accounls in Accordanci wlili Il)e r¢quirern¢nls of the ChariliCI A¢1 2011 {'thc Act,). I I'eport in rL15PCCt of my cxomiiiation of th¢ THE MUSLIM (HANFI SUNNF) ASSOCIATION'% uc¢ouni4 cnrricd oiii und¢T 8l¢ti()n 145 of die 2011 Acl ai)d in Lurryinu oui my ¥AAminniion I hthvi folluw¥d all IhL upplicnblc Dircctlony givLn by Ihc Charity Commission under s¢ciion 1451511b) of the Act. Indeijendeni oxllmlncr's ¥tnlement Since 'fHE MUSLIM (14ANFI SUNNI) ASSOL'IAT50N'R uross Income exc¢edcd £25L),OOn your examiner n)ust be mLinbknr of a body liytcd in yeclion 145 of the 2011 Act. I confirm Ihol l um qualified lu unJ¢riakc th¢ cxthminrLiion bec8usc l am a IDember of PCCA, which is on¢ ofthe listed bodies. I li￿ve Lomplctcd i))y exomin81ion. I confirn) Ih8l no maleTial mailer5 h8ve come to rny aiiention in conncclion with thc Lxuminution ￿1ving mc caw%c lo b¢licvc that in ony mpteriol resPCCt'. nccounting recTrrds wer¢ not kept in respect of T14b MUSLIM IHANFI SUNNI) ASSOCIATION us r¢qiiir¢d by scLti¢)n 130 ufilic Act: or 2, Ili¥ Iiiiuunts do not a¢Lord with thDYL ￿e0rd4', or IIIL ULcounls do not comply witli thL yecounting requlremcnts ¢on¢crninB the lorni and contcni of nccounl% sct uiit ii) Ihi Cl)Drilius IA¢¢oiLnly und Rcport¥) Ri'multhiions 20UII oih¢'r ihan ony rcquirlmenl Ihlli ili¥ llc¢ounl¥ iivc ll 'lruL ond folr VIC￿ which Is nol a mattcr con¥id¢red n4 Purt of an in(Icpcndcnt exDminoiion. I hnvc no L'onccm5 nnd havc comc acroy& nrj other mfjiieTS in conneclion witli th¢ cxuminalion lo whieh ntl¢T41ion ¥livuld bc druwm in Ihiy rcpon in urder io enuble a proper LindLrsiandiiig ufthc ll¢coun(g lo bc rcoGhL(I, liiii£ Aliniud l&CCA Ilia7. AIIrnDd & Lo Cliurter¢¢J CcrtitiEd Ac¥ountan15 iAJrd House S I l.ord StrL¥t Monchesicr l O July 2024 Pugc 6 THE MUSLIM (HANFI SUNNI) ASSOCIATION Statement of FinAnclal Actlvitles for the Year Ended 31 December 2023 Unre%trleted funds TutAI 2023 Note Income and Endoivmenls from: Dnntstilln.4 Rnd l¢gacies CharithblE octlYilie¥ Invesftnenl income Oilier incoiiie 223,327 2.273 4,S4.1 185,160 223.327 2.27.1 4.843 1115, ICIO Toiiil income ExpL'ndliurL' nn: R&ibing lunds Chnriiublc &i'livitieN TOIAI oxp¢ndilure Nct ineomc 415.603 41 S,CI03 18,131) (1111,859 111,131) 118,1159 126.9901 288.613 1126.9901 Nei movcment in thnd Reconelllllllon of ￿NdS Toiul fundx brou¥ht fonvard Totsl fvnds cmrricd fonvard 2811.613 2811.613 28R,C)13 3,697,lY.I 3.9116.000 Unrestrlcttd rundi 3,CJy7.393 17 3.986 L106 Totlll 2022 Noio Income ond Endowmenli from: rJonDlions lind l¢¥iiei¢¥ Cliarithble ll¢liviiics Investment income QihLr inc()mL 330,215 886 756 105,273 330.21.5 886 756 105.273 Tothl incom¢ Expendlture on: Raising fvnds C1?￿l￿b]L, UCliviliLs 'otal expeilditure Nel incorni 437,130 437.130 197.9731 (112,396 197,9731 112.39CIl (210..3691 1210.369 226 761 Ncl movemcnl in fund¥ Reeonclllatlon of fuDds Total ￿ndS brought forward 22() 761 226,761 226,761 3,470,632 Thc notes on pages l O 10 20 fom) an integral pan of the￿ financial slaiementb.. Pag¢ 7 3,470.632 THE MUSLIM (HANFI SUNNI) ASSOCIATION Statement of Flnanclol Actlvitles for the Year Ended 31 December 2023 (contlnucd) Unrcstrlcled Tol81 ruDd5 2022 Note 3,697,393 3,697,391 Tullll funils L#rtied forward 17 All uftho ehurity'8 activilics dcrivL frrjm continuing op¢rnlioniD durSn8 th¢ ubuve two p¢riods, The fvnds brLiukdnwi for 2022 16 5howii in notc 17. Thc nO￿S on pag¢s 10 to 20 fom an int¢gral part of these financial stat¢ment5. Pogc 8 THE MUSLIM (HANFI SUNNI) ASSOCIATION (Reglstration number: 502646) Balance Sheet a5 at 31 December 2023 2023 ,Yote 2U22 Flxcd 4SYLt$ Tangiblo oss¢ls Current aJset$ Cush ut bonk ond in hand Cre(UtorJ: Amounts faUlnR du¢ wlthln onc yL'ar Nel eurrenl i$setA Nol u$sols 14 3,036.951 2,864.792 15 855.389 1135,908 13,3671 832.601 16 {2,R161 852 573 3,RR9,524 Funds of th¢ cliarlty: iJnreAlrleted Incnme fundg Unr¢slri¢led ￿rtd¥ Tolal fundi 3,6Y7,193 3,889.524 3.697.393 3,11119,524 .1.697 393 Tho finanL'ial staicmonts on pn¥os 7 10 20 were Approved by the Irust¢es, and Huthoris¢d fur ISYUL. on 10 July 2024 Bnd signcd on their bLhnlf by: 17 Mr Mushiaq Hussain Trustee The noi¢s on pages l O 10 20 fonn An inlegrpl part of these finuii¢iol 8toloments. Pagc 9 THE MUSLIM (HANFI SUNNI) ASSOCIATION Notcs to the nnancial Statements for the Year Ended 31 December 2023 l A¢¢oun¢lDg pollcles St8tenient of compllunce 'I'ho finunciul tsldlLment% havo b¢en prepared in accordJnc¢ with ihe sccond cdilion of the Chiiritics Statement of Recommended Prn¥tlCQ i58Llcd in Ociober 2019. Ihc finuneial Rop()nin¥ Siai)dard applicable in tlie Unil¢d Kinudoin ond Republi¢ of IrLlllnd (FRS 1021 and th¢ Chpriiics Ac¢ 2011. B￿18 of prcporntlon TI IF. MUSLIM IIIANFI SUNNI) ASqOCIATION mect& the definiiioii of a public benEfil PL'L'I of inL'umc or capital gains rcceivcd wiihin ¢aic8ori¢s covered by Chapicr J Purt I I of Ilie Corporniion Tax Aci 2010 or Seciion 256 of ihc Taxoliort of Chorg¢ablc Gainq Acl 1992, 10 the cxleni that yucli income or gainN aro opplie¢J #x¢lu¥ively Iu Lhuriiublc purpo&c4. Tthnglblo flxcd gssets Indlvidual fixed assets COilin8 £0,00 or more are iliili4lly r¢coTdcd ut C05k less any subsequoni 4¢cumultilLd depreciaiivn And subs¢quonl accumulated impuirni¢nl losses. DepreclAtlon and RmLirtlJatlon ARse15 arc writt¢n off in cqulll insthln)ents over Ih¢lr uscful Ilfc. No depr¢claiion hus been providcd in ihe preyious yearn ftccounts so thc hi51oric broughi forwurd vuluL.4 hLlS bcL'n wrill¢n off by 50U/¢ to n)akc th vllluc morL' realislic. Assct cl45S Fixttir¢s, Pi¢iings & Equipmeni Depreclallon method and rote 10/0 struiyht liiie bDsiy CM5h 4nd ctsjh equlvnlL'nts Cosh end e4811 equivlllent8 eomprlge cash on hand 4nd eall depoiits, 8nd other 8hort-tem) hlul?ly liqiild investm¢ntB Ihut ar¢ readily ¢onv¢rtibl¢ to a known amount of Cash and aro 8ubjo¢l 10 all iDSi8nificanl risk of change in volue. Ilorroivlng$ Inlere8t-benring borrowli)g$ are iniilElly Itcord¢d ut fair value, nel nf Irnnsaction losts, InlLregt-i)¢aring horruw1n￿% ur¢ subscqucnily ¢arri¢d ill umurtised coyt, with the difference between the proceeds. n¢1 ol'tran£aclion costs, ond thc arnounl due on redtmplion bein8 re¢oBni$ed ts5 a eharge 10 the Siaiemeni of Finan¢lal Aciiviiie.% over the period af the rcl¢vunl borrowin8. Inlewl cxpen5c is fcLognis¢d on the bll8is of thg effective interest mcihod and 1% includcil in inl¢resi payllblc un similar charges. Borrowin¥s Hre ¢lussif7ed ys Lurreni liubililiLS Iinles¥ the i'hiirily hd¥ #n un¢onditiuniil riylil IL) dcfvr &ciileinLnl ol'the li2biliry for at le8St twelve months aft¢r the rcportin8 dylc. Fund strueture Unrestricted incomL. fundy ar¥ K¢neTlll thnds Ihlll or¥ uvullllbl¢ for use at IhE Iru¥teeJ discretion in furth¢ranL'e of ili¢ objKliv¢s ofilie Lh&rity, PaEe 11 THE MUSLIM (HANFI SUNNI) ASSOCIATION Notes lo Ihe Financlal Statetnents for the Year Ended 31 Deccmber 2023 (¢ontlnued) Flnfin¢lal instrumenls CIu.f5iJ7Lailo Flniinciul IissLty ond financiul liubililiL8 orc rcco8niscd when thc churily becom¢s 8 P8rty to tho contrwciunl pruvi%iuiis ufil)L in¥trLim6DI. Finuncial liabililic& und equity inytruincnl¥ urc classifled )ccordin8 lo Ihc qub51ance of the Contractual urrun8cmcnl¥ InlirLd iiilu, Ali cquily inslriimLni ih IIIIY Luiiirnci tliui L*viden¢¢s a resiiluul inlcr¢y( in lh¥ a95cis ul. Ihc ehorily iinL'r Recv&¥iiltlnii iii¢d%iirei#ent All linunLial U55LlS und liybiliilLs llre iniiiolly inellswed al Ir8nyuLliun pri¢¢ lincludinu irnfLSRCtion co¥ls), LXCLpi for thosc finlln¢inl ll%4C14 ¢lus8ificd u8 ui fair viilue Ihrough prolil or Ios4, which arc Initi￿llY mco8ured tsi fair vulu¢ (whicli is numuilly IIIL trunsaLtiOll PTiLe Lxcludln￿ Irunb&cIioii Losls), Iirtlcss the an￿n￿e1n¥￿t cons(iiiilLb ll fiiilliiLiII tronsuclioii. Ir Dn nmii)bieniLnt con&lilLiieS u finnncing irun%aciion. the financilll us¢t Dr financlal liiibiliiy 1% mcuyurcd Ill ihL prcqcni valuL vfiliL futui'¢ ptsymcnty disLuuni¢d ai u mllrk¢t ratc uf intcrcst for ll yiinilar d¢bi in5tyuinenl. FinHnLiiil afis¢lq und liabilitie5 ¥rL' only offy¥l in ihe sltltcmeni of financiAI p05iliun whLin, ond only wheii (h¥TL LXi515 A Icgitlly Lnforc¢oblc riblht to Get off thL recogni4cd amounts And Ihc Ghiirity intend6 ciiher to settle on u nLt ba4is, or to rcJli¥L ilIL os%et dnd sLtile tl)e liubility $iinuliuiiLously. FiiiuiiclDI os%Ll¥ llrL dcrLLLIIIIIiSLd whLlI Jlld only wlien o) th¢ cvnlTULluol rig1115 10 ihc cD5h fl¢Jwb frun) Llic financinl Lxpirc ()r Dr¢ scltlcd, bl (lie ¢hurity ti'fynsfcrs lo aiio¢hcr pllrLy yiibstllntiolly illl of thc risk.s and rewards tsf uwJ¢r%hip ol. IhL lii)lli)cial a%4cl. or c) Ihv Lhllrily, de.%pitL l)uviiibi rL'iainLd %omL. but nvi ull. bi&inili¥JDi risk8 nnd rewnrds of DwTrc￿l1lp, hns Irnnsferr¢d coiilrol gf Uic as%cl to ai)i)Ilicr party. I",iniiiiLio1 liabiliii¢S are dEf¢cn¥Diy¢d only wlien ihe oblibTalion speclfied in ihe cnntracl is d1schfir￿cd. CAncell¢d or Lxpire5, PugL 12 THE MUSLIM (HANFI SUNNI) ASSOCIATION Notes to the Flnaneial Statements for the Year Ended 31 Deeember 2023 (continued) D¢bi liisiriiments Debt insirum¢nts whi¢iJ illeel tile followin8 condiliony twe subscquently measured al o]nortTScd Gosi LL¥ill&' Ilic effcclive inler¢st moihod.. (a) The Contrac￿4[ rettim lo the holder 15 (i) o ilxed omounl: (li) o positive fixed ralc ijr a pts$iiiv¢ Ynriable rate,. or lili) n Lombinalion ofu positive ur a ncgative fixcd ratc ond u positiv¢ variuble rate. (bl The L'onlr8kl muy pruvid¢ f(Ir rcp4ymcnls of the printsipal or the retum to ti)c hold¢r (but not both) ¢0 bL linkLd lo single relevant observfible index of 8enernl price inflatian of th¢ eurreney in whl¢h the debi Iii.q(Nnieni i¥ dcnominalod, provlded Such links ore not l¢vernued, Ic) Thc contruct mlly provido for a d¢lerniinable variation uf Ihc return Iii the holdcr during the life ot'ihc insiNin¢nt provided Ihat li) thc new rote sa¢islies condition (o} llnd Ilie voriBli(Trn IR nrfrt ¢onlinycni on fiiture even18 oiher thon ( l j a chang¢ of a conlr8Cluol variable ruic. {2) lo prot¢¢l th¢ holder uguinsl crL.dil dcloriarotion i)f the i¥¥uor; (3) ¢hongei in l¢viey applled by o cenlral bank or ar15iny from cli4nge$ in rclevoni lux8lion or law,. or (ii) tho new raie is a mDrk¢l rnte of inloresr and 8lltssfie$ condition la). Idl There is no contractual pmvision Ihlli ¢ould, by Its tern)s, r¢5uII in the holder losi￿ the princlpol llmouni or lllly iniL'resl Hilributablc to lh¢ ¢Lirrei)I perlod or prior pcrivds. l¥) Loniroclual provi5i0n¥ IhThl PLrniiI ihL i¥¥u¢r lu prcp8y u debt instrument or perniit tho holdLr lo put it b&Lk lo ttie issucr before maturlty Dre not contin8cnt on tknture CVCliL8, other Ihan (D pr()le¢( th¢ holder againsi ihe credil dLILriornlion of thL issuer or a changc in control of ihe ibsucr, oi. to PTol¢¢i Ilic holdL'r ur isbu¢r HLiuinxL changcs in Icvies applied by u contrul bqnk or llrislng from chaii8cs in I'elevunt thxulion or luw. (n Contrqctulll provisions may pemiil lh¢ extenslon of the terni of the debt Instrument, piuvldcd Ihul Ihc rLtun) to IhL' holdLr on¢J uihcr contrnctual provisions oppliciible durinsj thc oxtcndcd t¢rn) sllli51y Iliu L'ondiiiuni Dr porugraplis (a) lo Ic). DLbi ln.strumciiis Ih41 ore Clussified as payubl¢ ur rLc¥ivablc wlthln onc y¢ar ali inillal r¢¢ognilion ind which mcci the abovL condilions mui¥ur¢d ai lh¢ undiscounlod omounl uf IhL L'uyh or oihLr CLin4iderolion expccl¢d ILTr b¢ pllid or re¢iivcd. ncl of impoim¢nl. Wlih Il?¢ exccption of yome hedlling insiruments. other debi instruments not meeilng ih¢se coiidirlons nre n?e4sured ul fllir vllluL¥ Ilirougli prulil or lux&, Commitments lo mnk¢ nnd reLLivc ILTrHfL4 which meet the L'ondilion4 rllentioned above are mea.4ured at cost (which may bo nil) less iinpuimjenl. In￿&1￿1¢￿ts Inve8tm¢nt$ in non.convertible preference shares und non-puttable ordinory or prcfercnce sh&rL'.¥ (whLrL' %hur¢t> aro piiblicly traded or (heir fair value 1.1 reliably measurable) are measured ai fair value rhrou8h pmfit or los$. Wh¢r¢ foir vuIuL Lunnut be mL'usur¥d rL'liubly, inv65tmL'nL% urc m¢aqured ot cost less iinpainnent. InvesbMents in subsidiori¥% und u8soci&tes meu%urLd ul Lu¥1 ley% irnpuinncnL Fnr invc5tmcnts in subsidi£irie& acquired for consideratiort includin8 the issue of ihores quolifyin¥ for mer8er relief, ¢Ubl is meh5ured by rcf¢rcnc¢ tn the nornin81 value of Ihc shllre5 issued plus fair vlllue of other Co￿l￿eration. Any prcnjium 2s ignored, Page IJ THE MUSLIM (HANFI SUNNI) ASSOCIATION Note5 to the fiinancial Statements for the Year Ended 31 Decembor 2023 (continued) rJ¥rlvllilveJliinnclal lii&truiiicnlS 'I'lic Lhority U%LY d¢rivutive finauciol inslnimcnLS to reduic bXpOSu￿ 10 loreigi) ¥xLI)gnsc risk and in(¢rc¥l rnlo Innvcmcn15. The Chariry does not hold or i98uc d¢rivoliv¢ finoncial inslrLun¢n15 for spc¢ul8liVL purpos¢5. DcrivDtiv&8 arL iniliolly Teco8nised At fBir vollie at Ihc dale a deriYoliV¢ contract entered into and are 511bsequcnily rLmcusured to (hcir fuir vulue ot ¢u¢li i'eporting dutc, Tlity r¢suliing ￿1n or Ioss is r¢¢ogniscd in Jlutemcni ul. finoncial ll¢tivili¢s immcdihlLIy Linlegs tho derivativ¢ Is deslgnaied and Lff¢clive p5 u hedging instrurnent, in wliieh evenl the IiTning oftli¢ reLognition in siatcmcni of finllncial llcliviiics depends on the nature ol. Ili¢ hcd8c re141tionship. Fulr valiie nieosur¢iMenl I'he bLyI Livid¢nce ot foir value is a quoied pri¢0 fTrr lln identi¢BI asset In an active mnrk¥(. When quoied prices are unllvihilnblL, IhL pri¢L of o reccnl trllnsllction for an identiLAI assct pruvid¢y cvidcnce of flllr vlllue ug Ions lis thLrc lias nnt hLen u Si￿nit3c￿nl cliange in economic ¢ircwns¢fynce4 or o significgni lapse of time sincL Ihe tr￿n$a¢Ll￿1l tnok pIuL¢. 11 the Inarkcl is not uGliv¢ and r¢c¢nl trlln4a¢tions ol. on identical as￿1 on Ilioir own orc not a wod c¥tiTnlllc or fllir vftlLl¢. thc fnir valuc is e6tirnated by Using a valuulion iecl)nique. 2 Income from donatlDn5 ODd Icga¢le$ Unrestrleted ftindj Gcnerul Total funds DonDtion5 lind ILullcies', Donulions fr(Im individuul¥ Totlll for 2UZ3 To1￿1 for 2022 223 327 223,327 330,213 223.327 223 327 310,215 3 Incomc from chnrltoblo actlvltlL UnrLi$frl¢ted rund¥ Genirxl Tullll funds 2.273 2.273 2,273 886 Tolgl for 2033 Tol*l for 2022 8N6 P&gc 14 THE MUSLIM (HANFI SUNNI) ASSOCIATIOIY Notes to the Flnftncial Statements for the Year Ended 31 December 2023 (continued) 4 Inyeslment Incojne Unregtrlcted rundg Genorel I'ut41 fiinds InlerL'%l rcLLivoblL' and $imilLr income; Inieroqt reL'iivllbl¥ on btmk depo¥iis Total for 2U23 4.843 4.843 4.1143 4,843 TolMI for 2022 756 75() S Qther InL'om Unreitrlctod nds Cencrnl runds F¢¢8 und bupplie5 'rotnl for 2023 1115,160 1115.160 185.160 185.16 TolMI fnr 2022 105273 I V5,273 6 Expendliur¢ on r4lsln% fund$ D) Cog16 of gon¢ratlnB donullon$ tsnd leg4cles Total rund5 Note b) Cusls of IrAdlng Actlvlrtes Unrestrleted funds ConorAI TotAI funds Noto 'I'otnl for 2023 Tot41 for 2022 97,973 97.973 Pa&Fe 15 THE MUSLIM (HANFI SUNNI) ASSOCIATION Notes to the Financial Statements for the Year Ended 31 December 2023 (eontlnued) Tolol colts 7 Expcndlture on chArltublLb 4cilvliloy Unr¢strlLlt¢d fiiiid G¥inLirdl TotAI I'iinds Note 118,%59 112,396 118,859 112,396 Guvkrnttn¢c colits TtstHI fur 2022 'rotnl oxpcndllllrc 8 Aiiply51s ol. AovernAnce ond Support cv&ls Covernunce costs Unro51rlct¢d rund5 Genernl fund5 Siilff cn8t WoL4Li and 8olari¥¥ Deprecioiion, uii)urlibailon lind oihcr simllnr colts L)ilicr sov¢niance c(Jsts Totnl fnr 2023 28,508 7.200 112,551 211,5fj8 7,200 82.551 1111.25() 11¥,259 112,396 112,196 TotAI fvr 2n22 9 Net Iii¢tsmlngloutgolng resources N¥*t incomirtb¥ i'Csour¢c4 for th¢ ycur iiicludc.. 2023 2022 7,200 7,200 D¢prcLiuliun Dr rixed us5ets Puge 16 THE MUSLIM (HANFI SUNNI) ASSOCIATION Notes to the Flngncial Statements for the Year Ended 31 December 2023 (Continued) IU Trts$le*s remunerAllon ind expense$ I I Stuff costs Tlie osgr¢8Qt¢ poyroll ¢051s were u5 folluwx.. 2023 2022 Stnrr¢o$ls durlnR lh¢ year wrrL'. Wa&TCS and salarie Socilll security costs 28,508 46.211 3,200 28,508 49,41 No ¢mployec rcccivod emolumcnls of more than £60,QOO durin8 the yeor 12 Independent exfjmlner's remuner#tlon 2023 2022 Oihcr feey lo exAmlners Exuminution.relol¢d o88urnn¢e services 5UO PRby¢ 17 THE MUSLIM (HANFI SUNNI) ASSOCIATION Notc$ to the Fln8nclal Statements for thc Year Ended 31 December 2023 (eoDtlnucd) 13 Toxatlon Tlie bliarity is a rLgisicTcd Lh8rl(y and is th¢refore excmpr from luxuliun. 14 Tnnglble flx¢d assets LAnd and bulldln4$ Fllrnlture ond equlpment TotRI Motor Yehlele5 CnAt At l Jiiiiuary 2023 AddltionA Al 31 D¢¢embcr 2023 Doprecllltlon Al l JunuAry 2023 Churgc for the y¥ur AI 31 DcL¥inbLr 2023 Net bonk v¥luL' 2,907,544 179,359 3,086,Y113 2.835,549 173 658 71,995 5,701 3.UOY.207 71.995 42.752 7,200 42,752 49,Y52 22,043 5.701 3,036.951 At 31 DcL¢ml)¢r 2023 AI 31 DL6LmbLT 2022 3.OUY.207 2Y,243 2,1164.792 2,835,549 15 CA¥h and cnsh cqulvalents 2023 2022 6.1112 245,701 602,876 855,389 11.ts53 476,U81 34￿,034 815,968 Co%h oil h&ind Cthsh ul buiik Shorl.tci'm dcpo%i14 16 Cr¢dllnr8: xmiiunts fAlllnE due wlthln one year 2023 2022 Other iaxotion and sfjciul s¢curity Ac¢nJals 2,316 500 2,1167 500 2,816 3,367 Pag¢ 18 THE MUSLIM (HANFJ SUNNI) ASSOCIATIO Notes to the Financinl Statements for the Year Ended 31 December 2023 (continued) 17 Funds Bolanco At I JAnuary2023 Ineomlng re50ur¢os Bulan¢o at 31 De￿mber 2023 Rtsnur¢es exponded Unrestrlcled thndB G¢iicrnl 3,697.393 415,603 223,4721 3,1111(),524 Bal#iico nt J¥nuHr>' 2022 Ineomlng re&oureo¥ BulanL'e al.11 Diceniber 2022 ReSOUT¢e8 expcndL,d Unrostrleted fund$ Genernl 3,470 632 437,130 210.369 .1,697,-19.1 111 Analy818 of net *s&ets behveen fundi Unrtstrlcled fundj Generil Totlll thnds at 31 December 2023 Tanbpible fixed isse15 Currcnt U55et Currenl liobilli1¢s .I,n16,9.51 855.389 {2,816} 3,8119,524 3,0.16,951 855,3B9 {2.R16 3,8159,524 Totul nci ￿¥sC Unr¥strl¢ti'd funds GL'nL'ral Tutal fuiids 41 31 December 2fj22 Tongible fixed ass¢is Current auets CurrLnl liobililics 2,1164,792 835,968 3,367 3 697 393 2,¥64,792 R35.968 Totol nel oueL8 3 697 393 Pugc19 THE MUSLIM (HANFI SUNNI) ASSOCIATION Nute8 lo the FlnRnclA) Stf4tements for the Year Ended 31 December 2023 (continued) 19 Anolys15 of iiol funds A131 De¢eniber At l Januury 2023 2023 1115,9fi11 835,9611 C.ll$h ul blink in hund XI5,968 At31 Deeemb¢r 2022 At l Jllnuary 2022 687,Q35 687.035 Cayh at bonk and in hAiid Nct dcbt 6N7.n15 687,035 20 Relwled pnrly trAnsMcilonJ PagT¢ 20 THE MUSI,IM (HANFI SUNNI) ASSOCIATION Statement of Flnanelal Actlvltles by fund for the Year Ended 31 December 2023 TolAI Total Unreslrlcted Uiirestrlcied Fund.4 Funds 2023 2022 IncomL' gnd Endowments from: Donations and l¢b?acies ChDrilabl¢ U¢liviiiL InvL%lmL'iII inconic Uiher income 223.327 330,215 886 750 l Q5,27.3 4,¥43 IR5.1( Total incomc 415,C)03 Expondlture nn: Ruising funds Chnritable acilvi¢ie$ 437,130 (8.131) 1111.1159 (97.973) 112.396 Totol expcndilure N¢t in¢oinc 126,99Q 21Q.-369 288,613 Net Inovement in funds ReconclllAllon of funds Tolnl funds broU￿11t forward Tolul fund8 carried forwllrd 226.761 288,61.3 ?26.761 7.CI97.39B -3.470,(132 3,9E16,(106 3.697,393 This page do¢t> not forni pal't of Ihc.i(&tulory financial .ita(Emcnts. Pnge21 THE MUSLIM (HANFI SUNNI) ASSOCIATION Detalled Statement of Flnancl81 Actlvltles for the Yegr Ended 31 December 2023 Tntttl Tolal 2023 2022 In¢nm¢ llnd Elldowmenls from,. Donations and legacies lttnnlysed bclnivl CliiirilublL u¢livitics IrLnulyse¢J bLlow} Inve%tinLini inconitr {Iinolysed belc)wl Other incnmo lannlysed hclowl Tolal iii¢onic 223,327 2.273 4,843 185.16a 415,603 330.215 8R6 756 1115,27.1 437.110 F,xpendlturLi on: Raising liinds {uiiolys¢d bLluwl Charituble ociivliie4 (ttnuly%Ld below) 'roliil Lxp¥ndiiure Nel income 197,9731 1112.396 118.f1591 126.990) 121U,3691) 226.761 288.613 2811.613 22h,761 Nct moveincnl in fun¢J% R¢conclllntlon of funds I'ollll funds brou&l)I IDrwurd Tothl ￿nd% Larri¢d forwoi'd 3,697,193 3 9L16.006 3,470.632 3,697.393 ThiF page docs not form part of thc 4(o￿lory finantial stdiements. Puuic 22 THE MUSLIM (HANFI SUNNI) ASSOCIATION Detailed Statement of Flnancial Actlvities for the Year Ended 31 December 2023 (eontlnued) TolAI 2n23 Total 2022 Donalion,Y legoeles Appea15 and donoiion.s 22.1.327 330,215 330.215 223 327 Ch¢rliqblé ocilvlilo& Sale of uoods oiid servlces made or provided by the benefi¢illries of the ¢liarily 2.273 880 2.273 886 Iiivesimeni Inconie Inlerc.Il on ¢aJli depo$ii$ 4,843 756 4.843 756 Oiher liicopie FL'CS and supplie 1¥5.16Q 105,273 IR5,160 105,27.1 RA131n¥fiinds Direcl e05ls Funerol S¢rvie¢ Isl&mic Ev¢nts {97,973) 17.28G} R45) (8,131 197.973 Chariloble ueilvlile WaBcs 8nd salarfcs SioiTNIL (Bmploycrs) Wutcr ratc Liuht, helll and powcr Insurnnce Roprtirs and ren¢wals Tclcphone ond Prinlinkn pu¥lauL dnd yl¥liunLry Charitablc donolion5 Cleanin8 Indepcnd¢n¢ examin¢rfs f¢0 Baiik ¢hargcs Depr¢¢ialion of fixtures tsnd fittillus 1211,5081 146.211) 13,20QI (3,9411) 134,461) (3,751) (4641 (2,757) 15,8591 (28,479) (24.661) (4,3841 (2911 12,043) {3.713) 116,6511 13110) (500) 13,1021 (7,2001 (600) {2,832} 7.200) Thi% pag¢ does i)ot forn) pan of the statutory fillonclal siaf¢nicnts. PaBe 23 THE MUSLIM (HANFI SUNNI) ASSOCIATION Detailed StAlement of Flnanelal Actlvltles for the YeAr Ended 31 December 2023 (¢ontlnued) Tot41 2023 TotAI 2U22 118.Y59 112,396) Thig pBgL docs not fomi part of the statutory finanri41 statsmcnts. P&ge 24