Nasrul-Lahi-il-Fatih Society of Nigeria United Kingdom & Ireland
(Company number 06369692)
Financial Statements for the year ended 30 November 2023
Nasrul-Lahi-il-Fatih Society of Nigeria United Kingdom & Ireland (Company number 05297454 Registered charity number 1112158) Financial Statements
(Company number 05297454 Registered charity number 1112158)
| Contents | Page |
|---|---|
| Directors' (Trustees') annual report | 1-2 |
| Statement of Financial activities (including the income and | |
| expenditure account) | 3 |
| Balance Sheet | 4 |
| Notes to the accounts | 5-8 |
Nasrul-Lahi-il-Fatih Society of Nigeria United Kingdom & Ireland
Directors' report (incorporating the Trustees' annual report) for the year ended 30 November 2023
The trustees, who are also directors of the charity for the purposes of the Companies Act, submit their annual report and the financial statements for the year ended 30 November 2023.
The charity was incorporated on 26 November 2004 as a company limited by guarantee and also registered with the charity commission on 18 November 2005.
The charity is well known as NASFAT which is the charity working name.
Charity registration number 1112158 Company registration number 05297454 Principal address
33 Pages Walk, Off Grange Road Bermondsey, London. SE1 4SB
Director/Secretary:
Rauf Olawale Mohammed-Noah Director Appointed 30/05/2017 Florence Ajiatu Musa Director Appointed 30/05/2017 Trustees: Billyamin Adedayo Trustee Appointed 30/05/2017 Ajiatu Musa Trustee Appointed 17/04/2012
The company is operated under the rules of its memorandum and articles of association dated 26 November 2004. It is a company limited by guarantee and therefore has no share capital.
Bankers
Barclays Bank Plc, 236 High Holborn London WC1V 7DS Barclays Bank Plc, Wembley & Park Royal, London.
Exemptions
The directors have taken advantage of the exemptions available to small companies, including the audit exemption (see statement on balance sheet).
1
Nasrul-Lahi-il-Fatih Society of Nigeria United Kingdom & Ireland
Directors' report (incorporating the Trustees' annual report) for the year ended 30 November 2023
Aims and objectives
The principal objects of the company are:
i. To advance the Islamic faith in accordance to the statement of faith (the noble Quran) particularly by providing Mosques, libraries, hospitals, educational institutes disseminating, publications and translating the noble Quran into different languages.
ii. To promote religious harmony in particular amongst Muslims of differing traditions. iii. The relief of financial hardship, sickness and distress.
iv. The advancement of education particularly amongst women by the provision of schools and other institutes and dissemination publications.
v. To provide or assist in the provision of facilities for recreation and other leisure time occupation, particularly for young people, in the interests of social welfare with the object of improving conditions of life for the said beneficiaries.
The trustees/ directors declare that they have approved the trustees/ directors' report above.
Signed
Date 16-Dec-24
Rauf Olawale Mohammed-Noah Director
2
Nasrul-Lahi-il-Fatih Society of Nigeria United Kingdom & Ireland
Independent examiner's report to the trustees of NASFAT
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 November 2023, which are set out on pages 1 to 9.
Responsibilities and basis of report
As the charity’s trustees of the Company (who are also the directors of the company for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (“the 2006 Act”).
Having satisfied myself that the accounts of the Company are not required to be audited for this year under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (“the 2011 Act”). In carrying out my examination, I have followed the Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention (other than that disclosed below *) which gives me cause to believe that:
-
accounting records were not kept in accordance with section 386 of the Companies Act 2006; or
-
the accounts do not accord with such records; or
• the accounts do not comply with relevant accounting requirements under section 396 of the Companies Act 2006 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; or
- •the accounts have not been prepared in accordance with the Charities SORP (FRS102).
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.
Name: APM Consultants
Relevant professional qualification or body: ACCA Address: 40 Lorne Gardens, Croydon. CR0 7RY Date: 16 December 2024
3
Nasrul-Lahi-il-Fatih Society of Nigeria United Kingdom & Ireland
Statement of Financial Activities (Incorporating the income and expenditure account) for the year ended 30 November 2023
| 2022 £ Note Incoming resources 25,010 Donations and similar income 2.0 - Sundry income 25,010 Total incoming resources Resources expended 1,790 Mission board 250 Stationery/Printing 617 Internet subscription 1,158 Repairs and maintenance 385 Energy/Diesel consumption 5,862 Rent of property 132 Bank charges 1,300 Salary - Entertaining - Cleaning Ramadan expenses 64 Other expenses 1,000 Women wing 200 Youth wing 237 Depreciation 12,995 Total resources expended 12,015 Net income/(expenditure) Gains & Losses on sale of fixed assets 2,311,367 Total funds brought forward (299,721) Mosque project (Dartford) Transfers between funds 2,023,661 Total funds carried forward |
2023 Unrestricted Funds Restricted Funds Total Funds £ £ £ 72,085 - 72,085 - - - |
|---|---|
| 72,085 - 72,085 |
|
| 315 - 315 270 - 270 577 - 577 2,639 - 2,639 1,607 - 1,607 3,278 - 3,278 28,063 28,063 800 - 800 1,125 - 1,125 2,448 - 2,448 3,778 - 3,778 1,959 - 1,959 - - - - - - 194 - 194 |
|
| 47,053 - 47,053 |
|
| 25,032 - 25,032 - - - 260,192 2,051,175 2,311,367 - (276,650) (276,650) |
|
| 285,224 1,774,525 2,059,749 |
3
Nasrul-Lahi-il-Fatih Society of Nigeria United Kingdom & Ireland Balance Sheet
for the year ended 30 November 2023
| 2022 £ Note Fixed assets 1,822,309 Tangible assets 1,822,309 Total Fixed assets Current assets 5,605 Debtors 52,615 Work in progress 247,153 Cash at bank and in hand 357,988 Total current assets Liabilities Creditors: (46,986) amounts falling due within one year 311,002 Net current assets Creditors: (57,035) amounts falling due after one year 2,076,276 Net assets The funds of the charity 272,207 Unrestricted income funds 1,751,454 Restricted income funds - Other reserves 2,023,661 Total funds |
£ £ 1,885,786 1,885,786 5,605 27,048 309,769 (45,571) 264,198 (90,235) 2,059,749 285,224 1,774,525 2,059,749 2023 |
£ £ 1,885,786 1,885,786 5,605 27,048 309,769 (45,571) 264,198 (90,235) 2,059,749 285,224 1,774,525 2,059,749 2023 |
|---|---|---|
| 2,059,749 | ||
| 285,224 1,774,525 |
||
| 2,059,749 |
The trustees are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
The trustees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
The trustee declare that they have approved the accounts above.
Signed on behalf of the charity's trustees/ directors:
Rauf Olawale Mohammed-Noah Director
Date: 16 December 2024
4
Nasrul-Lahi-il-Fatih Society of Nigeria United Kingdom & Ireland
Notes to the accounts for the year ended 30 November 2023
1. Accounting policies
Basis of the preparation of the accounts
These financial statements have been prepared under the historical cost convention and in accordance with Accounting and Reporting by Charities - Statement of Recommended Practice (SORP revised 2005), and applicable accounting standards.
Incoming resources
All material incoming resources have been included on a receivable basis - i.e. they are included if the receivable falls within the period covered by these accounts.
Resources expended
These have been analysed using a natural classification.
2. Grants & donations
| Donations and similar income Grants Membership Contributions Special Purpose Fund Collections Bank Interest Gain on sale of Mosque Sundry Income |
Unrestricted funds Restricted funds Total funds £ £ £ 72,085 - 72,085 - - - - - - - - - - - - - - - - - - 72,085 - 72,085 |
2022 £ 25,010 - - - - - |
|---|---|---|
| 25,010 |
5
Nasrul-Lahi-il-Fatih Society of Nigeria United Kingdom & Ireland
Notes to the accounts (continued) for the year ended 30 November 2023
3. Movements in funds
| Opening Incoming (Resources Transfers Closing balance resources expended) equipment balance Unrestricted funds £ £ £ £ £ Donations and similar income 260,192 72,085 (47,053) - 285,224 Membership contributions - - - - - - - - - - 260,192 72,085 (47,053) - 285,224 During the period, the cost of the examination and accountancy services was £0 Restricted funds Sale of Mosque (33 Pages Walk) 2,045,495 - - - 2,045,495 Special Purpose Fund Collections 5,680 - - - 5,680 Mosque project (Dartford) - - (130,533) (130,533) - - - - - 2,051,175 - (130,533) - 1,920,642 4. Staff costs and numbers Staff costs were as follows: 2023 2022 £ £ Wages & NI - Volunteer allowance 800 1,300 - - 800 1,300 |
Opening Incoming (Resources Transfers Closing balance resources expended) equipment balance £ £ £ £ £ 260,192 72,085 (47,053) - 285,224 - - - - - - - - - - |
Opening Incoming (Resources Transfers Closing balance resources expended) equipment balance £ £ £ £ £ 260,192 72,085 (47,053) - 285,224 - - - - - - - - - - |
|---|---|---|
| 260,192 72,085 (47,053) - 285,224 |
||
| 2,051,175 - (130,533) - 1,920,642 |
||
| 2023 2022 £ £ 800 1,300 - - 800 1,300 |
No employee received emoluments of more than £5,000. The average weekly number of employees during the year was 2.
5. Analysis of net assets by funds
| Fixed assets Net current assets Long term liabilities |
Unrestricted funds Restricted funds Total funds £ £ £ - - - - - - - - - - - - |
|---|---|
| - - - |
6. Benefits in kind
There were no benefits in kind during the period.
6
Nasrul-Lahi-il-Fatih Society of Nigeria United Kingdom & Ireland
Notes to the accounts (continued) for the year ended 30 November 2023
7. Trustee'/ Directors' remuneration, benefits and expenses
Trustees/ Directors received no (expenses) remuneration or benefits in this period.
8. Related party transactions
There are no related party transactions during the accounting period.
9. Independent examination and accountancy services
During the period, the cost of the examination and accountancy services was £0
10. Glossary of terms
Restricted funds: These are funds given to the charity, subject to specific restrictions set by the donor, but still within the general objects of the charity. Advance receipts: These are amounts received by the by the charity in the accounting period, for use in a future period. Creditors: These are amounts owed by the charity, but not paid during the accounting period. Debtors: These are amounts owed to the charity, but not received in the accounting period. Prepayments: These are services that the charity has paid for in advance, but not used during the accounting period.
7