trustees' annual report for period
TRANSCRIPT
Trustees' Annual Report for the period
From
Period start dateOl 0 =.' 2017
To
Period end date3 1 08 20'I 8
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Charity name KHATME NUBUWWAT CENTRE
Other names charity is known by N/A
Registered charity number (if any) 328715
Charity's principal address 35 Stockwell Green
London
Postcode SW9 9HZ
Names of the charity trustees who manage the charity
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
Trustee name
Hafeez M Nageen
Mohammed Aslam
Toaha Qureshi MBE
Mohammed Younis
Mirza M Zubair Akbar
Khalid Mahmood Rahimee
Office (if any)Dates acted if not for wholeyear
Name of person (or body) entitledto appoint trustee (if any)
Names of the trustees for the charity, if any, (for example, any custodian trustees)
Name Dates acted if not for whole ear
TAR March 2012
Names and addresses of advisers (Optional information)
T e of adviser Name Address
Name of chief executive or names of senior staff members (Optional information)
~ a ~ ~
Description of the charity's trusts
Type of governing documenti, ="J I:'):.i ', ='.. . ccrc)).'l' lilOH)
How the charity is constitutedi -.::cl. :i U.:.', .=ISA, , la:4'~)') cQ:11l)a:I'/r)
Trustee selection methods=));go):z,';1 l&y, al:at=&'l i&',Ij
SCHEME ordered by The Charity Commission since 02 February 2018
Trustees
Appointed by trustees at a special meeting.
Additional governance issues (Optional information)
You may choose to includeadditional information, whererelevant, about:
~ policies and proceduresadopted for the induction andtraining of trustees;
~ the charity's organisationalstructure and any widernetwork with which the charityworks;
~ relationship with any relatedparties;
~ trustees' consideration ofmajor risks and the systemand procedures to managethem.
~ ~ r ~ e
Refer to the Scheme governing the charity
Summary of the objects of thecharity set out in itsgoverning document
TAR March 2012
Advancement of Islamic religion by the provision of Mosque.
Advancement of Islamic education for both children and adults.
Promotion of religious harmony between Muslims and other communities.
Summary of the mainactivities undertaken for thepublic benefit in relation tothese objects (include withinthis section the statutorydeclaration that trustees havehad regard to the guidanceissued by the CharityCommission on publicbenefit)
Additional details of objectives and activities (Optional information)
You may choose to includefurther statements, whererelevant, about:
~ policy on grantmaking;
~ policy programme relatedinvestment;
~ contribution made byvolunteers.
TAR March 2012
~ ~ ~ ~ ~
Summary of the mainachievements of the charityduring the year
KNC hosted the Lambeth Muslim Group to lead on organising a trainingsession in partnership with the Met Police to build the skills of themanagement of local Islamic organisations in Lambeth.
KNC partnered in a cross party initiative "Engaging Faith Communitieswith British Democracy" event, which was arranged for Parliament Week8 Interfaith Week 2017 to increase the community's political and religiousliteracy.
KNC in partnership with the Naz Foundation organised a health testingfor men and women to raise awareness of health conditions in theMuslim and BAME communities in particular.
KNC facilitated a seminar held in the House of Lords, kindly hosted byThe Lord Sheikh, on Islamic finance. The event served to raiseawareness on the importance of Islamic finance, its promotion by theBritish government which recently released the "sukook" and the UKbeing one of the leading countries to teach Islamic finance in highereducation. Many parliamentarians, academics and entrepreneursattended and spoke.
KNC hosted the annual interfaith iftar where around 25-30 communityand faith leaders joined the Muslim community to open their fast.Superintendent lan Howells particularly joined us on this event.
TAR March 2012
Brief statement of thecharity's policy on reserves
At the end of the year the charity has a cash balance of f32,268 of whichf10,000 is always kept in reserve to cover 6 months overhead andcontingencies.
Details of any funds materiallyin deficit
Further financial review details (Optional information)
You may choose to includeadditional information, whererelevant about:
~ the charity's principalsources of funds (includingany fundraising);
~ how expenditure hassupported the key objectivesof the charity;
~ investment policy andobjectives including anyethical investment policyadopted.
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The trustees declare that they have approved the trustees' report above.
Signed on behalf of the charity's trustees
Signature(s)
Full name(s)
Position (eg Secretary, Chair,etc)
Toaha Qureshi MBE
3+& p w(jxp.~7
TAR March 2012
KHATME NUBUWWAT CENTREReport and Financial StatementsYear Ended 31 August 2016
Contents
Page
Legal and administrative information
Report of trustees
Accountants' report
Statement of financial activities
Balance sheet
Notes forming part of financial statements
2-4
8 -10
KHATINE NUB UWWAT CENTRE
Legal and administrative information
Trustees H M NageenToaha Qureshi MBEMohammed AslamMohammed YounisKhalid Mahmood RahimeeMirza Muhammad Zubair Akbar
Charity Office 35 Stockwell GreenLondonSW9 9HZ
Accountants A D Williams & Co Ltd
Chartered Certified Accountants8 Registered Auditors102 Green LaneMordenSM4 6SS
KHATNIE NUBUWWAT CENTRE
Report of the trustees for the year ended 31 August 2018
The trusteess present their report along with the financial statements of the charity for the yearended 31 August 2018.
The financial statements have been prepared in accordance with the accounting policies setout on page 3 and comply with the charity's trust deed applicable law.
Constitution objects and policies
The Khatme Nubuwwat Centre is now constituted under the power given in the charities Act2011 and is govern by a SCHEME ordered on 02 February 2018 by the Charity Commissionfor England and Wales.
The objects of the charity, are for the public benefits:
To advance the Islamic religion by the provision of a Mosque.To advance islamic education for both children and adults.To promote religious harmony by fostering better relations between Muslims and
And subject to the provisions of clause 5 in the Scheme ( Power to dispose of andreplace purpose property), the land identified in part 1 of the schedule to the schememust be maintained by the trustees for the objects of the cahrity.
( Copies of the Scheme by which this charity is admnistered can be assessed at the charityoffice)
The policy of the charity is to continue to seek finance and support in order to attain theobjectives of the charity.
OrganisationThe trustees who served during the year are:
H M NageenToaha Qureshi MBEMohammed AslamMohammed YounisKhalid Mahmood RahimeeMirza Muhammad Zubair Akbar
Trustees are appointed by the board of trustees at a special meeting called under clause 15 ofthe scheme govering the charity.
There should be a minimum of 5 trustees and maximum of 7 trustees.
Material expenses, donnations, and recipients are approved by the Board of Trustees prior torelease of funds.
KHATME NUBUWWAT CENTRE
Report of the trustees for the year ended 31 August 2018
Achievement and Performance( KHATME NUBUWWAT CENTRE - referred here as KNC )
KNC hosted the Lambeth Muslim Group to lead on organising a training session in partnershipwith the Met Police to build the skills of the management of local Islamic organisations in
Lambeth.
The "Eid Ul Adha Interfaith Celebrations" event was arranged to mark the end of theHolypilgrimage: Hajj. It was celebrated with the community at large and with speakers fromacross the board, including Superintendent Tamsin Jones, Rev. Alan Gadd, Cllr ChristianaValcarel, etc to raise awareness of Islamic practices and teachings.
KNC in partnership with the Naz Foundation organised a health testing for men and women toraise awareness of health conditions in the Muslim and BAME communities in particular.Finality of Prophethood Conference was held in London where speakers were Mr ToahaQureshi MBE, Justice Retd. Mufti TaqiUsmani, Qari Hanif Jalandhry, Councillor Dr. MahamedHashi, Rev. Alan Gadd, Fr Adrian McKenna-Whyte, Dr.Abdul Bari, Dr.Harbinder Singh, MI
Zubair, Councillor Mohammad Irfan, etc
KNC facilitated a seminar held in the House of Lords, kindly hosted by The Lord Sheikh, onIslamic finance. The event served to raise awareness on the importance of Islamic finance, itspromotion by the British government which recently released the "sukook" and the UK beingone of the leading countries to teach Islamic finance in higher education. Manyparliamentarians, academics and entrepreneurs attended and spoke.
Financial review
The founder trustees of the charity donated its current freehold building at the time of itsformation and as such there are no encumberances on the use of the property. All majorexpenses on the building are being capitalised over the period.
Fund Collection Policy
The trusttes have collected funds and donnations under the following specific Islamicdefinitions only:
lllallah
Rental income
Trustees believe that the funds collected or paid by the donnors for any of the named Islamicbeliefs can be utilised to attain the objectives of the charity. Consequently for the purpose ofthe financial statement all collections have been considered as unrestricted donnations.
Risk Management
The trustees have examined the major strategic, business and operational risks which thecharity faces and confirm that systems have been established to enable regular reports to beproduced so that necessary steps can be taken to lessen the risks.
KHATINE NUBUWNAT CENTRE
Report of the trustees for the year ended 31 August 2018
Trustees' responsibilities in relation to the financial statements
Law applicable to chariTies in England and Wales requires the trustees to prepare financialstatements for each fianacial year which give a true and fair view of the charities financialactivities during the year and of its finandal position at the end of the year. In preparing thosestatements, trustees are required to.
~ Select suitable accounting policies and then apply them consistently;
~ Make judgements and estimates that are reasonable and prudent;
~ State whether applicable accounfiing standards and statements of recommended practicehave been follwed subject to any departures disclosed and explained in the fianancialstateemnt; and
~ Prepare the financial statements on the going concern basis unless it is inappropriate topresume that the charity will continue in business.
The trustees are responsible for keeping accounfing records which disclose with reasonableaccuracy at any time the financial position of fiie charity and enable them to ensure that thefinancial statement comply with the Charities- Act 1993.They are responsible for safeguardingthe assets of the cahrity and hence for taking reasonable steps for the prevention of fraud andother irregulanties.
This rePori was aPProved by ihe board on end signed on iis behaiiby: Ph dr /0 I/P dy ('9
Mr T Qureshi Mr M Younis
Mr K Mahmood Rahimee Mr Il M Zubalr Akbar
KHATME NUBUWWAT CENTRE
TOTHE TRUSTEES
Accountants Report
In accordance with your instructions, we have prepared the annexed Financial Statements ofKhatme Nubuwwat Centre on pages 7 to 12 for the year ended 31 August 2018, from theaccounting records of the company and on the basis of information and explanations you have givento us.
We have not carried out an audit, consequently we do not express any opinion on these FinancialStatements.
A D Williams & Co Ltd
Chartered Certified Accountants & Registered Auditors
102 green LaneMordenSurreySM4 6SS
s @ jol I2oI'f
KHATME NUBUWWAT CENTRE
Statement of financial activitiesfor the year ended 31 August 2018
2018 2017
Incoming resources
DonnationsMemberships
56,857 43,468
Total incoming resources 56,857 43,468
Resources expended
Management and administration 46,180 51,394
46,180 51,394
Net incoming resources
Balance at 01 September 2017
1 0,677
252,583
(7,926)
260,509
Total funds carried forward 263,260 252,583
KHATME NUBUWWAT CENTRE
Balance Sheetas at 31 August 2018
Notes 2018 2017
Fixed assetsTangible assets 230,504 214,794
Current assetsDebtorsCash at bank and in hand
7,20032,26839,468
45,74045,740
Creditors: amounts falling duewithin one year
Net current assets
(6,712)
32,756
(7,951)
37,789
Net assets 263,260 252,583
Capital fundsFunds 263,260 252,583
Shareholders' funds 263,260 252,583
Mr T Qureshi Mr M Younis Mr H M Nageen
Mr K Mahmood RahimeeMr MohammedAslam Mr M M Zubair Akbar
Approved by the trustees on Q, g jtt/(~If
KHATME NUBUWWAT CENTRE
Notes forming part of the financial statementsfor the year ended 31 August 2018
1 Accounting policies
a) Basis ot preparationThe accounts have been prepared under the historical cost convention and in accordance with
FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (asapplied to small entities by section 1A of the standard).
b) Resources expendedExpenditure is included on an accruals basis.
Donnations payable are charged in the year when the offer is conveyed to the recipient. Suchdonnations are recognised as expenditure when they are paid.
c) Fund accountingDetails of the nature and purpose of funds is set out in note 9
2 Donnations2018 2017
lllallah
Rental income20,85736,000
39,1684,300
3 Other income
Memberships
2018 2017
2 Debtors 7,200
During the year the Charity completed improvements of 2 flats above the Mosque. The flatsbrought in a rental income of 836,000 of which R7,200 was owed by the tenants at the year end.
2018 2017
5 Creditors 6,712 7,951
The creditors are PAYE payable, Pension payable and accountancy fees accrued for the year.All were paid after the year end.
KHATME NUBUWWAT CENTRE
Notes forming part of the financial statementsfor the year ended 31 August 2018
6 Administrative expenses2018 2017
Employee costs:Wages and salariesPensionsEmployer's Nl
Travel and subsistence
Premises costsRatesLight and heat
General administrative expenses:Stationery and printing
InsuranceRepairs and maintenanceSundry expenses
Legal and professional costs:Accountancy feesSoiicitors feesOther legal and professional
38,303175
38,478
4,6394,639
156836189262
1,443
720900
1,620
21,152
1,3592,458
24,969
3706,0316,401
58812,0001,416
14,004
720
5,3006,020
46,180 51,394
7 Staff costs and trustees' remuneration
No employee received remuneration to more than F50,000 in either year.
Trustees received no remuneration during either year.
KHATME NUBUWWAT CENTRE
Notes forming part of the financial statementsfor the year ended 31 August 2018
8 Tangible fixed assets2018
Land andbuildings
2017
Plant andmachinery
etcFixture &
Equipment2
Total
CostB/fwd
Additions
Surplus on revaluation
DisposaisC/fwd
214,79415,500
230,294
220 8,556210
223,57015,710
220 8,766 239,280
DepreciationB/fwd
Charge for the yearSurplus on revaluationOn disposalsC/fwd
220
220
8,556
8,556
8,776
8,776
Net book valueC/fwd
B/fwd
230,294214,794
210 230,504214,794
Freehold & Improvements comprise the property:35 Stockwell Green, London, SW9 9HZ.
The charity has not re-valued this property at the date of these financial statements and as suchcurrent market values are not available.
9 Funds
These include a restricted endowment fund of 2214,794 (2017: 2214,794) and relates to the freeholdproperty owned by the trust.
10
CHARITY COMlNISSION independent examiner'sFOR ENGLANO AND WALES report on the accounts
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Report to the trustees/fnembefs Qf KHATME NUBUWWAT CENTRE
On accounts for the year 31 AUGUST 2018ended
Charity no 328715
Set out on pages 1 —10
I report to the trustees on my examination of the accounts of the above charityfor the year ended 31/08/2018
Responsibilities and As the trustees of KHATME NUBUWWAT CENTRE a charity governed by abasis of report scheme ordered by the Charity Commission, you are responsible for the
preparation of the accounts in accordance with the requirements of theCharities Act 2011.
Independentexaminer's statement
I report in respect of my examination of the charity's accounts carried outunder section 145 of the 2011 Act and in carrying out my examination, I havefollowed the applicable Directions given by the Charity Commission undersection 145(5)(b) of the Act.
I have completed my examination. I confirm that no material matters havecome to my attention in connection with the examination which gives mecause to believe that in, any material respect:
~ accounting records were not kept in accordance with section 130of theAct or
~ the accounts do not accord with the accounting records
I have no concerns and have come across no other matters in connection withthe examination to which attention should be drawn in order to enable aproper understanding of the accounts to be reached.
Signed: Date: 31/01/2018
Name: A Duncan- Williams
Relevant professionalqualiTication(s) or body
(if any):
ASSOCIATION OF CHARTERED CERTIFIED ACCOUNTANTS
Address: 102 Green Lane, Morden
Surrey
SM4 6SS
October 2018