**REGISTERED CHARITY NUMBER: 1093198** 

**REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023** 

## **FOR** 

## **ABU BAKR & ZAKERIYA MEMORIAL CHARITABLE TRUST** 

Waterfords Europe Limited t/a Jon Avol Waterfords 204 Field End Road Eastcote Middlesex HA5 1RD 



**ABU BAKR & ZAKERIYA MEMORIAL CHARITABLE TRUST** 

## **CONTENTS OF THE FINANCIAL STATEMENTS** 

FOR THE YEAR ENDED 5 APRIL 2023 

|||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|9|
|Detailed Statement of Financial Activities||10||





ABU BAKR & ZAKERIYA MEMORIAL CHARrrABLE
TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED S APRIL 1023
Th8 tru5tses tt*ir r•wl fmryial al tho lor tr* )wr •rthd S ￿23. Tho
•thK•tAe b) tr4nb•s their •c<&Yd•ru tr• FvwKi•I Sl•ndwd •pr**bl• in tr•
UK #nd R•wt&"e Df lrnknnd IFRS 1021 l•ff•ctrM l J•rAMry
OBJECTIVES AND ACTivmE¥
ObJ•¢iiv•s Ind •lms
11 To relie￿ p•rs¢M vtheth•r or not th•y •r• Trp•J•nt LY knTwrarty ￿￿1•d in ljprth. Ur¥*d W. er •ny
other C￿￿08 ikYe•d by ts TnJth& part¢￿T •rnl (*￿&*n •r• r•¥d•nl • lJg•r#l1, Urtsd
d￿st•re1 by oltr*ir •ThJ ecgJMit rJrt4m*rK••.
21 To fv¥tsr tr• •￿￿￿tr)n [rtkn&r•J •)rA¥I *tyJ o1•*thrt• •ll•Thlry thx>l• •¢*K•knl
STRUCTURE, GOVERNANCEAND IIANAGEMENT
Goyemlng document
REFERENCE AND ADMINISTRATWE OETAIL8
Reglst•rnd Chawlty Aumbor
ICQ3198
prtnclpal addr•s*
52 Slat*)n Road
st Drayton
UB77BS
N H Tntst80
Mr5Z Karb3rY TnKste•
Independent Examlner
WaterfDrds EuroFe Va &mA¥rlW•knrSyds
204 Fieky End Road
EasiL•ts
M*Jdks8X
HASIRO
d by ordèroftr* ￿ard oflnts*son 26 FelnKary 3)24 ar¥J on rls b8h•ifby'.
N H K3rtorll.Tru5t8•

## **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 2023. 

## 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 

Waterfords Europe Limited t/a Jon Avol Waterfords 204 Field End Road Eastcote Middlesex HA5 1RD 

26 February 2024 

Page 2 



## **ABU BAKR & ZAKERIYA MEMORIAL CHARITABLE TRUST** 

## **STATEMENT OF FINANCIAL ACTIVITIES** 

FOR THE YEAR ENDED 5 APRIL 2023 

|5.4.23<br>Unrestricted<br>fund<br>Notes<br>£<br>INCOME AND ENDOWMENTS FROM<br>Donations and legacies<br>91,310<br>Investment income<br>2<br>29<br>Other income<br>89,035<br>Total<br>180,374<br>EXPENDITURE ON<br>Raising funds<br>3<br>50,955<br>Charitable activities<br>Donations<br>64,605<br>Total<br>115,560<br>NET INCOME<br>64,814<br>RECONCILIATION OF FUNDS<br>Total funds brought forward<br>699,979<br>TOTAL FUNDS CARRIED FORWARD<br>764,793|5.4.22<br>Total<br>funds<br>£<br>126,225<br>67<br>-|
|---|---|
||126,292|
||56,770<br>66,522|
||123,292|
||3,000<br>696,979|
||699,979|



The notes form part of these financial statements 

Page 3 



ABU BAKR & ZAKERIYA MEMORIAL CHARITABLE
TRUST
BALANCE SHEEr
SAPRiL 2023
OA.23
Unrnslrklqd
5 4.r2
Totsl
FIXED ASSETS
Tangitle #ssets
290.783
3.770
3,770
294.SSJ
CURRENT ASS￿8
08btor5
rAsh atbank
407,770
8JW1
471.4$1
4ZI,372
CREDITORS
AMO￿tsIa1￿q %%itrM"n oro JY•r
10
{13111
114.9181
CURRENT ASSETS
470,240
4C6.426
TOTALASSETS LESS CURRENT UA8ILmES
714.79J
NET ASSET8
764,793
FUNDS
Unrostrthd
11
764,793
693,979
TOTAL FUNOS
764.793
693.979
re swdon rohh￿ty.
N H Kathrn. Tn*e

**ABU BAKR & ZAKERIYA MEMORIAL CHARITABLE TRUST** 

**NOTES TO THE FINANCIAL STATEMENTS** FOR THE YEAR ENDED 5 APRIL 2023 

## 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|||
|---|---|---|
||5.4.23|5.4.22|
||£|£|
|Deposit account interest|29|67|



Page 5 

continued... 



**ABU BAKR & ZAKERIYA MEMORIAL CHARITABLE TRUST** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued** 

FOR THE YEAR ENDED 5 APRIL 2023 

## 3. RAISING FUNDS 

|Raising donations and legacies<br>Support costs<br>Investment management costs<br>Legal Fees<br>Insurance<br>Light and heat<br>Rent<br>Property repairs<br>Rates and water<br>Aggregate amounts<br>4.<br>GRANTS PAYABLE<br>Donations<br>The total grants paid to institutions during the year was as follows:<br>Institutions|5.4.23<br>£<br>1,612<br>5.4.23<br>£<br>8,589<br>8,196<br>698<br>11,400<br>6,529<br>13,931<br>49,343<br>50,955<br>5.4.23<br>£<br>64,605<br>5.4.23<br>£<br>9,605|5.4.22<br>£<br>1,897<br>5.4.22<br>£<br>15,360<br>6,990<br>450<br>11,400<br>4,658<br>16,015|
|---|---|---|
|||54,873|
|||56,770|
|||5.4.22<br>£<br>66,522|
|||5.4.22<br>£<br>14,250|



## 5. TRUSTEES' REMUNERATION AND BENEFITS 

There were no trustees' remuneration or other benefits for the year ended 5 April 2023 nor for the year ended 5 April 2022. 

## Trustees' expenses 

There were no  trustees' expenses paid for the year ended 5 April 2023 nor for the year ended 5 April 2022. 

## 6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES 

||Unrestricted|
|---|---|
||fund|
||£|
|INCOME AND ENDOWMENTS FROM||
|Donations and legacies|126,225|
|Investment income|67|
|Total|126,292|
|EXPENDITURE ON||
|Raising funds|56,770|
|Charitable activities||
|Donations|66,522|



Page 6 

continued... 



**ABU BAKR & ZAKERIYA MEMORIAL CHARITABLE TRUST** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued** 

FOR THE YEAR ENDED 5 APRIL 2023 

6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued 

|Total<br>NET INCOME<br>RECONCILIATION OF FUNDS<br>Total funds brought forward<br>TOTAL FUNDS CARRIED FORWARD<br>7.<br>TANGIBLE FIXED ASSETS<br>COST<br>At 6 April 2022 and 5 April 2023<br>NET BOOK VALUE<br>At 5 April 2023<br>At 5 April 2022<br>8.<br>FIXED ASSET INVESTMENTS<br>MARKET VALUE<br>At 6 April 2022 and 5 April 2023<br>NET BOOK VALUE<br>At 5 April 2023<br>At 5 April 2022<br>There were no investment assets outside the UK.<br>9.<br>DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR<br>Other debtors<br>Tax<br>Prepayments and accrued income|Unrestricted<br>fund<br>£<br>123,292<br>3,000<br>696,979<br>699,979<br>Long<br>leasehold<br>£<br>290,783<br>290,783<br>290,783<br>Unlisted<br>investments<br>£<br>3,770<br>3,770<br>3,770<br>5.4.23<br>5.4.22<br>£<br>£<br>395,000<br>370,000<br>9,920<br>16,650<br>2,850<br>2,850<br>407,770<br>389,500|
|---|---|



Page 7 

continued... 



**ABU BAKR & ZAKERIYA MEMORIAL CHARITABLE TRUST** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued** 

FOR THE YEAR ENDED 5 APRIL 2023 

## 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 

|10.|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR||||
|---|---|---|---|---|
||||5.4.23|5.4.22|
||||£|£|
||Other creditors||1,211|14,946|
|11.|MOVEMENT IN FUNDS||||
||||Net||
||||movement|At|
|||At 6.4.22|in funds|5.4.23|
|||£|£|£|
||Unrestricted funds||||
||General fund|699,979|64,814|764,793|
||TOTAL FUNDS|699,979|64,814|764,793|
||Net movement in funds, included in the above are as follows:||||
|||Incoming|Resources|Movement|
|||resources|expended|in funds|
|||£|£|£|
||Unrestricted funds||||
||General fund|180,374|(115,560)|64,814|
||TOTAL FUNDS|180,374|(115,560)|64,814|
||Comparatives for movement in funds||||
||||Net||
||||movement|At|
|||At 6.4.21|in funds|5.4.22|
|||£|£|£|
||Unrestricted funds||||
||General fund|696,979|3,000|699,979|
||TOTAL FUNDS|696,979|3,000|699,979|
||Comparative net movement in funds, included in the above are as follows:||||
|||Incoming|Resources|Movement|
|||resources|expended|in funds|
|||£|£|£|
||Unrestricted funds||||
||General fund|126,292|(123,292)|3,000|
||TOTAL FUNDS|126,292|(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 2023 

## 11. MOVEMENT IN FUNDS - continued 

A current year 12 months and prior year 12 months combined position is as follows: 

|Unrestricted funds<br>General fund<br>TOTAL FUNDS|At 6.4.21<br>£<br>696,979<br>696,979|Net<br>movement<br>in funds<br>£<br>67,814<br>67,814|At<br>5.4.23<br>£<br>764,793|
|---|---|---|---|
||||764,793|



A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: 

|Unrestricted funds<br>General fund<br>TOTAL FUNDS|Incoming<br>resources<br>£<br>306,666<br>306,666|Resources<br>Movement<br>expended<br>in funds<br>£<br>£<br>(238,852)<br>67,814<br>(238,852)<br>67,814|Resources<br>Movement<br>expended<br>in funds<br>£<br>£<br>(238,852)<br>67,814<br>(238,852)<br>67,814|
|---|---|---|---|
||||67,814|



## 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. 

2) NHAIK partnership owing the charity £25,000, Mr N H Karbani is a partner. 

All transaction were at arms length. 

Page 9 



**ABU BAKR & ZAKERIYA MEMORIAL CHARITABLE TRUST** 

## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES** 

FOR THE YEAR ENDED 5 APRIL 2023 

|**DETAILED STATEMENT OF FINANCIAL ACTIVITIES**<br>FOR THE YEAR ENDED 5 APRIL 2023|||
|---|---|---|
|INCOME AND ENDOWMENTS<br>Donations and legacies<br>Donations<br>Gift aid<br>Investment income<br>Deposit account interest<br>Other income<br>Insurance claim<br>Total incoming resources<br>EXPENDITURE<br>Investment management costs<br>Legal Fees<br>Insurance<br>Light and heat<br>Rent<br>Property repairs<br>Rates and water<br>Charitable activities<br>Grants to institutions<br>Grants to individuals<br>Support costs<br>Finance<br>Bank charges<br>Governance costs<br>Sundries<br>Accountancy fees<br>Total resources expended<br>Net income|5.4.23<br>£<br>81,390<br>9,920<br>91,310<br>29<br>89,035<br>180,374<br>8,589<br>8,196<br>698<br>11,400<br>6,529<br>13,931<br>49,343<br>9,605<br>55,000<br>64,605<br>221<br>191<br>1,200<br>1,391<br>115,560<br>64,814|5.4.22<br>£<br>109,575<br>16,650|
|||126,225<br>67<br>-|
|||126,292<br>15,360<br>6,990<br>450<br>11,400<br>4,658<br>16,015|
|||54,873<br>14,250<br>52,272|
|||66,522<br>506<br>191<br>1,200|
|||1,391|
|||123,292|
|||3,000|



This page does not form part of the statutory financial statements 

Page 10