**REGISTERED CHARITY NUMBER: 1093198** ## **REPORT OF THE TRUSTEES AND** ## **FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022** ## **FOR** ## **ABU BAKR & ZAKERIYA MEMORIAL CHARITABLE TRUST** Waterfords Europe Limited t/a Jon Avol Waterfords 204 Field End Road Pinner Middlesex HA5 1RD **ABU BAKR & ZAKERIYA MEMORIAL CHARITABLE TRUST** ## **CONTENTS OF THE FINANCIAL STATEMENTS** FOR THE YEAR ENDED 5 APRIL 2022 |||Page|| |---|---|---|---| |Report of the Trustees||1|| |Independent Examiner's Report||2|| |Statement of Financial Activities||3|| |Balance Sheet||4|| |Notes to the Financial Statements|5|to|10| |Detailed Statement of Financial Activities|11|to|12| **ABU BAKR & ZAKERIYA MEMORIAL CHARITABLE TRUST** ## **REPORT OF THE TRUSTEES** FOR THE YEAR ENDED 5 APRIL 2022 The trustees present their report with the financial statements of the charity for the year ended 5 April 2022. The trustees have adopted the provisions of 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 1 January 2019). ## OBJECTIVES AND ACTIVITIES ## Objectives and aims 1) To relieve persons, whether or not they are resident or temporarily located in Uganda, United Kingdom, India or any other countries agreed by the Trustees, but in particular widows and children who are resident in Uganda, United Kingdom or India, who are in conditions of need, hardship or distress as a result of local, national or international disaster or by reason of their social and economic circumstances, and 2) To further the education (including social and physical training) of students attending schools and other educational establishments in the countries of Uganda. United Kingdom, India or any other countries chosen by the Trustees ## STRUCTURE, GOVERNANCE AND MANAGEMENT ## Governing document The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity. ## REFERENCE AND ADMINISTRATIVE DETAILS ## Registered Charity number 1093198 ## Principal address 52 Station Road West Drayton Middlesex UB7 7BS ## Trustees N H Karbani Trustee Mrs Z Karbani Trustee ## Independent Examiner Waterfords Europe Limited t/a Jon Avol Waterfords 204 Field End Road Pinner Middlesex HA5 1RD Approved by order of the board of trustees on 15 February 2023 and signed on its behalf by: /) /[,,,_ ] � � N H Karbani - Trustee Page 1 ## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ABU BAKR & ZAKERIYA MEMORIAL CHARITABLE TRUST** ## Independent examiner's report to the trustees of Abu Bakr & Zakeriya Memorial Charitable Trust I report to the charity trustees on my examination of the accounts of Abu Bakr & Zakeriya Memorial Charitable Trust (the Trust) for the year ended 5 April 2022. ## Responsibilities and basis of report As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act'). I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act. ## Independent examiner's statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Sanjay Anand FCCA Waterfords Europe Limited t/a Jon Avol Waterfords 204 Field End Road Pinner Middlesex HA5 1RD 15 February 2023 Page 2 **ABU BAKR & ZAKERIYA MEMORIAL CHARITABLE TRUST** ## **STATEMENT OF FINANCIAL ACTIVITIES** FOR THE YEAR ENDED 5 APRIL 2022 |5.4.22
Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
126,225
Investment income
2
67
Total
126,292
EXPENDITURE ON
Raising funds
3
56,073
Charitable activities
Donations
67,219
Other
-
Total
123,292
Net gains/(losses) on investments
-
NET INCOME
3,000
RECONCILIATION OF FUNDS
Total funds brought forward
696,979
TOTAL FUNDS CARRIED FORWARD
699,979|5.4.21
Total
funds
£
130,701
82,514
213,215
37,576
94,020
1,631
133,227
(7,493)
72,495
624,484
696,979| |---|---| The notes form part of these financial statements Page 3 ## **ABU BAKR & ZAKERIYA MEMORIAL CHARITABLE TRUST** ## **BALANCE SHEET** 5 APRIL 2022 |5.4.22
Unrestricted
fund
Notes
£
FIXED ASSETS
Tangible assets
7
290,783
Investments
8
3,770
294,553
CURRENT ASSETS
Debtors
9
389,500
Cash at bank
30,872
420,372
CREDITORS
Amounts falling due within one year
10
(14,946)
NET CURRENT ASSETS
405,426
TOTAL ASSETS LESS CURRENT LIABILITIES
699,979
NET ASSETS
699,979
FUNDS
11
Unrestricted funds
699,979
TOTAL FUNDS
699,979|5.4.21
Total
funds
£
290,783
3,770
294,553
370,790
32,848
403,638
(1,212)
402,426
696,979
696,979
696,979
696,979| |---|---| The financial statements were approved by the Board of Trustees and authorised for issue on 15 February 2023 and were signed on its behalf by: ## /) /[,,,_ ] � � N H Karbani - Trustee The notes form part of these financial statements Page 4 **ABU BAKR & ZAKERIYA MEMORIAL CHARITABLE TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS** FOR THE YEAR ENDED 5 APRIL 2022 ## 1. ACCOUNTING POLICIES ## Basis of preparing the financial statements The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value. ## Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## 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 a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure. ## Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. ## Taxation The charity is exempt from tax on its charitable activities. ## Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## 2. INVESTMENT INCOME |INVESTMENT INCOME||| |---|---|---| |Rents received
Deposit account interest|5.4.22
£
-
67
67|5.4.21
£
82,500
14| |||82,514| Page 5 continued... **ABU BAKR & ZAKERIYA MEMORIAL CHARITABLE TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS - continued** FOR THE YEAR ENDED 5 APRIL 2022 ## 3. RAISING FUNDS Raising donations and legacies |Raising donations and legacies||| |---|---|---| |Support costs
Investment management costs
Legal Fees
Insurance
Light and heat
Rent
Property repairs
Rates and water
Aggregate amounts
4.
GRANTS PAYABLE
Donations
The total grants paid to institutions during the year was as follows:
Institutions|5.4.22
£
1,200
5.4.22
£
15,360
6,990
450
11,400
4,658
16,015
54,873
56,073
5.4.22
£
66,522
5.4.22
£
14,250|5.4.21
£
-
5.4.21
£
4,523
5,410
1,736
11,400
8,522
5,985| |||37,576| |||37,576| |||5.4.21
£
94,020| |||5.4.21
£
88,020| ## 5. TRUSTEES' REMUNERATION AND BENEFITS There were no trustees' remuneration or other benefits for the year ended 5 April 2022 nor for the year ended 5 April 2021. ## Trustees' expenses There were no trustees' expenses paid for the year ended 5 April 2022 nor for the year ended 5 April 2021. Page 6 continued... **ABU BAKR & ZAKERIYA MEMORIAL CHARITABLE TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS - continued** FOR THE YEAR ENDED 5 APRIL 2022 6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |||Unrestricted| |---|---|---| |||fund| |||£| ||INCOME AND ENDOWMENTS FROM|| ||Donations and legacies|130,701| ||Investment income|82,514| ||Total|213,215| ||EXPENDITURE ON|| ||Raising funds|37,576| ||Charitable activities|| ||Donations|94,020| ||Other|1,631| ||Total|133,227| ||Net gains/(losses) on investments|(7,493)| ||NET INCOME|72,495| ||RECONCILIATION OF FUNDS|| ||Total funds brought forward|624,484| ||TOTAL FUNDS CARRIED FORWARD|696,979| |7.|TANGIBLE FIXED ASSETS|| |||Long| |||leasehold| |||£| ||COST|| ||At 6 April 2021 and 5 April 2022|290,783| ||NET BOOK VALUE|| ||At 5 April 2022|290,783| ||At 5 April 2021|290,783| Page 7 continued... **ABU BAKR & ZAKERIYA MEMORIAL CHARITABLE TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS - continued** FOR THE YEAR ENDED 5 APRIL 2022 |8.
FIXED ASSET INVESTMENTS
MARKET VALUE
At 6 April 2021 and 5 April 2022
NET BOOK VALUE
At 5 April 2022
At 5 April 2021
There were no investment assets outside the UK.
9.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other debtors
Tax
Prepayments and accrued income
10.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Other creditors
11.
MOVEMENT IN FUNDS
Unrestricted funds
General fund
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
TOTAL FUNDS|At 6.4.21
£
696,979
696,979
Incoming
resources
£
126,292
126,292|Unlisted
investments
£
3,770
3,770
3,770
5.4.22
5.4.21
£
£
370,000
350,000
16,650
17,940
2,850
2,850
389,500
370,790
5.4.22
5.4.21
£
£
-
1
14,946
1,211
14,946
1,212
Net
movement
At
in funds
5.4.22
£
£
3,000
699,979
3,000
699,979
Resources
Movement
expended
in funds
£
£
(123,292)
3,000
(123,292)
3,000| |---|---|---| Page 8 continued... **ABU BAKR & ZAKERIYA MEMORIAL CHARITABLE TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS - continued** FOR THE YEAR ENDED 5 APRIL 2022 ## 11. MOVEMENT IN FUNDS - continued Comparatives for movement in funds |At 6.4.20
£
Unrestricted funds
General fund
624,484
TOTAL FUNDS
624,484
Comparative net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
Unrestricted funds
General fund
213,215
(133,227)
TOTAL FUNDS
213,215
(133,227)|Net
movement
At
in funds
5.4.21
£
£
72,495
696,979
72,495
696,979
Gains and
Movement
losses
in funds
£
£
(7,493)
72,495
(7,493)
72,495|At
5.4.21
£
696,979| |---|---|---| |||696,979| |||72,495| A current year 12 months and prior year 12 months combined position is as follows: |Unrestricted funds
General fund
TOTAL FUNDS|At 6.4.20
£
624,484
624,484|Net
movement
in funds
£
75,495
75,495|At
5.4.22
£
699,979| |---|---|---|---| ||||699,979| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |Unrestricted funds
General fund
TOTAL FUNDS|Incoming
resources
£
339,507
339,507|Resources
expended
£
(256,519)
(256,519)|Gains and
Movement
losses
in funds
£
£
(7,493)
75,495
(7,493)
75,495|Gains and
Movement
losses
in funds
£
£
(7,493)
75,495
(7,493)
75,495| |---|---|---|---|---| |||||75,495| Page 9 continued... **ABU BAKR & ZAKERIYA MEMORIAL CHARITABLE TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS - continued** FOR THE YEAR ENDED 5 APRIL 2022 12. RELATED PARTY DISCLOSURES Included in other debtors are the following: 1) Lomax Ventures Limited owing the charity £145,000, a company in which Mr N H Karbani is a director and share holder. 2) Akin Investments Limited owing the charity £225,000, Mr N H Karbani is a director and share holder. All transaction were at arms length. Page 10 **ABU BAKR & ZAKERIYA MEMORIAL CHARITABLE TRUST** ## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES** FOR THE YEAR ENDED 5 APRIL 2022 |**DETAILED STATEMENT OF FINANCIAL ACTIVITIES**
FOR THE YEAR ENDED 5 APRIL 2022||| |---|---|---| ||5.4.22|5.4.21| ||£|£| |INCOME AND ENDOWMENTS||| |Donations and legacies||| |Donations|109,575|112,761| |Gift aid|16,650|17,940| ||126,225|130,701| |Investment income||| |Rents received|-|82,500| |Deposit account interest|67|14| ||67|82,514| |Total incoming resources|126,292|213,215| |EXPENDITURE||| |Investment management costs||| |Legal Fees|15,360|4,523| |Insurance|6,990|5,410| |Light and heat|450|1,736| |Rent|11,400|11,400| |Property repairs|4,658|8,522| |Rates and water|16,015|5,985| ||54,873|37,576| |Charitable activities||| |Grants to institutions|14,250|88,020| |Grants to individuals|52,272|6,000| ||66,522|94,020| |Support costs||| |Finance||| |Bank charges|506|264| |Governance costs||| |Sundries|191|167| |Accountancy fees|1,200|1,200| ||1,391|1,367| |Total resources expended|123,292|133,227| |Net income before gains and losses|3,000|79,988| |Realised recognised gains and losses||| |Carried forward|3,000|79,988| This page does not form part of the statutory financial statements Page 11 **ABU BAKR & ZAKERIYA MEMORIAL CHARITABLE TRUST** ## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES** |**DETAILED STATEMENT OF FINANCIAL ACTIVITIES**||| |---|---|---| |FOR THE YEAR ENDED 5 APRIL 2022||| ||5.4.22|5.4.21| ||£|£| |Realised recognised gains and losses||| |Brought forward|3,000|79,988| |Realised gains/(losses) on fixed asset investments|-|(7,493)| |Net income|3,000|72,495| This page does not form part of the statutory financial statements Page 12