Charity number: 1160903 KHAIR UL NAS CHARITABLE TRUST For the year ended 31 December 2023
KHAIR UL NAS CHARITABLE TRUST Contents Page For the year ended 31 December 2023 Reptst of the Trustees 1to3 IndeFendent Examinerfs Report lo the Truslees Statement of Finanlxal Ath.¥85 Stalement ol Financial Powtion Notes to the Financial StateWts 71010 Détaikd Statement of Financial ACtsV¢s
KHAIR UL NAS CHARITABLE TRUST Report of the Trustees For the year ended 31 December 2023 The Trustees have pleasure in presenting their report and the financial statements for the charty for the year ended 31 December 2023. The Trustees have adopted the provisions of Accounting and Reporting by Charities. Slalement of Recommended Prath'ce applicable lo charities preparing their accounts ardance wrth the Financial Reporting Standard applicable in the UK and the Republic of Ireland IFRS 1021 (effective 1 January 20191. OBJECTIVES AND ACTIVITIES Objectives and alms To relieve finanaal hardship, distre$8 and suffering noTrg poor people. widows, orphans. victims ol natural disasters and other people in need, by mean5 of. bul not exclusively, making grants or loans for providing or paying for items, equipment, servitss and facilities including the establishment of watei wells and the provision of food, clothing and ac¢ommodation for the said persons.. To advance the religion of Islam, by means of, but not exclusively, promoting the teachings and tenets of Islam, provision of facilities for worship and provision of facilities for Islamic education in accordance with the teachings of the Quran and Sunnah of the Prophet Muhammad PBUH as expounded by the Ahle Sunnah Wal Jammah School of thought.. To advance edu¢81ion for the benefit of the poor, the underprivileged and the general public by means ol s¢holarships, educational activities and facilities, such as schools, libraries and training ¢enlres. Statamant on publlc ben•fit The trustees have considered the Charity Commision's guIdare on publK benefit, including tho guidan¢e 'public benefft.. running a charity {P821'. ACHIEVEMENTS ANO PERFORMANCE Ouring the ¢urrenl year, we have provided Educational Iformal and religiousl facilities including uniforms, food and medical facilities lo more than 165Oneedy Students in Pakistan. We are also raising awareness about the health. walef, sanitation and related issues through our educational programmes. We raise awareness about the importance of education and convince the parents to send their children lo s¢hool. We arranged facilities lo provide high quality education lo the marginalised group$ of the community, who does not have resour¢e$ lo get education. Our charitable work relieve5 the fin8ncial burden of the families 01 these students because now they don't have lo pay tsUcatIOnal expenses for thgir ¢hildren and students ¢an focus on their education with more attention and are able to demonstrate good educational $Ils. By supporting these families and children through our projects, we have objective lo allevi81e the povarty through Education. 8180 have promoted awarene88 about the health and other issues through the provision of education. Through our proJe¢lg we support local community to participate in delivery of our Pfojecls. We arrange teaching staff of good calibre and we are also providing good end friendly environment lo students and teacher8 SO they fu8 on their objective to achieve desired results. FINANCIAL REVIEW The charity re¢eived donations of £29,289.OOduring the year. Total outgoing SOUrCeS amounted lo £29,366.00, out of which £23,864.00 was Spent on direct charitsble aclivilies. The Trustees are satisfied that the charity's activities dunng the peri(MJ have mel their objectives and are ¥ati$fied with the financial positson al the year end. Reserves Trustees have examined the requirements for free reserves to ensure the charity can meet all its obligation& The chanty aims lo maintsin a level of free reserves u1Valent to 3 months essential operating ¢o$ls. 1of11
KHAIR UL NAS CHARITABLE TRUST Report of the Trustees Continued For the year ended 31 December 2023 STRUCTURE, GOVERNANCE AND MANAGEIIJENT Governing document The Charity KHAIR UL NAS Charitsble Trust is fomied as a Charitsble trust and the affairs of the KHAIR UL NAS Charrtable Trust are governed by the t)edath"on of trust deed dated 10 December 2014 la$ amended on 10 May, 20231. The charity is managed by a board of trustees. In the year entJe¢J 31 DecembeT 2023, the followng persons served as trustees." Mr Muhammad Rafi Ichaimianl Mr Abdul Khaliq Iressgned on 31101r2023) Rizwan Ali Akbar Bibi Wajahal Mioa Muhammad Ashraf RISK MANAGEMENT The charity takes robust steps lo manage the ri5k5 involved in achwing of its aim and objectives. The Board of Trustees reviews significant risks make sure that they are taking appropriate measure5 to manage and redLKe their impact. Recrurtmenl ani1 appointment of trustees The Pfocess ol eultment of the trustees involve detemiine the oplimum skills, knowledgè and experience surtable forthe operational and fvncb.onal needs of the organisah"on. REFERENCE AND ADMINISTRATIVE INFORMAnoN Name of Charity Charity registration numb•r Princip•l addr•ss KHAIR UL NAS CHARITABLE TRUST 1160903 3 Wetherfiekj Road Birmingham B113HP Trustèès The trustees ar officers serving during the year and sIre the year en¢J *tre as fdlu•VS'. Mr Atsjul KhalK4 (Resgned.. 31 January 20231 Mr Muhammad Rafi 14lr Rizvrdn Ali Akbar Bily" Mr Muhammad Ashraf Mr Wajahat Mioa Ind•pèndent examiners F&W Consultancy "mrted Unrt 2. Firsl Floor 297-303 Edgware Road LorKJon 6NB Bankern Barclays 534 Coventy Road Bimiingham 8100UP 20111
KHAIR UL NAS CfrL4RITABLE TRusr 3d11
KHAIR UL NAS CHARITABLE TRUST Independent Examiners Report to the Trustees For the year ended 31 December 2023 I report lo trustees on my examinatm of the actounts of the charity for the year ended 31 December 2023 Responsibilities and basis of report As the tharity trustees. you are re¥(SIble for the preparation of the aonts in accordance wth the Tequirements of the Charitres Act 2011 llhe 2011 Adl. I report in respect of my examination of the tharty$ acccyJnts caThie<J out under seth'on 145of the 2011 Act and in carrying out my examination I have folkYed all the applicable Direth"ons given by the Charity Commission under section 14515)Ib) of the ALI. Indepèndent examiners statement I have completed my examinabon. I confim that no matters have come to my attenn in conneth.on the examinat'on giwng me cause to believe th in any material respect.. 1. accounting records were not kept in respect of the Chanty as required by section 130 of the 2011 Act., or 2. the accounts do not accord with those records.. or 3. the a¢untS do not comply wth the appltsble requirements conceming the fom) and content of accounts set out in the Cbafities IAccounls ar)d Reports) Regulatsons 2008 other than any requirement th the accounts gThie a'true and fair vthich is not a matter considered as part of an independent examination. I have no corKems and have come across otlw matters in connecbon ith the examinabon lo which attenb'on should be dravm in this pOrt in Order lo enable a proper underslarKlirMJ of the antS to be reathed. F&W Con5ullancy Limite( Un4t 2. First Floor 297.303 Edgware Road London NW9 6NB 16 Ortober 2024 4of11
KHAIR UL NAS CHARITABLE TRUST Statement of Financial Activf(ies For the year ended 31 Drnber 2023 Unmtri¢1o d funds 2022 Income and endovm*nts Donations and legacies Totsl 29,289 29.289 37,146 37,146 Expendltur• on: Raising fvnds Charitable actiVe5 Totsl (8641 128,5021 129.3661 15001 136,7101 137.2101 415 Net expendithre R•conciliation of funds Totsl fiJnds brought forvrard Total funds carri fonward 497 420 561 497 Sof11
KHAIR UL NAS CHARITABLE TRUST Statement of Fin8nr3al PoylM)n As at 31 De(xth 2023 420 497 4•7 4•7 497 420 497 Tolal lund¥ 60111
KHAIR UL NAS CHARITABLE TRUST Notes to the Financial Ststements For the year ended 31 December 2023 l. A¢¢ountlng Polici•s Basis of accounting The financial ststements have been prepared under the historical cost convention, expt tor investments %thich are induded at market value arKI the revaluatson of certain fixed assets and in accordance with the Charities SORP IFRS 1021 'A¢Unting and Reporting by Charities.. Statement of Recommended Practice applicable to chanb.es preparing their accounts in accordance the Financial Report¢ng Standard 8ppli¢able In the UK and Republi¢ of Iland IFRS 1021 {effectNe 1 January 20191.. Finanryal Reporting Standard 102 the Financral Reporting Stsndard aWKat)le in the UK and Republi¢ of Ireland IFRS 1021, and the Chanties Act 2011. KHAIR UL NAS CHARITABLE TRUST meels the defin.0 of a public benefft enbty under FRS 102. Assets and lia'1.eS are inrtially re¢ognised at historical cost or transath.on value unless OtherSe stsled in the relevant accounting policy notelsl. In¢oming rosources All Incoming soUrceS are induded in the stslement of finanual aCtive$ %then the Charity is entitled to the income and the amunt Can be quanbfied wth reasonable a¢¢uiacy. The folknmng specific Policies are applied lo Pa.¢Iar categories of income.. RoUrceS expended Liabilrties are recognised as resources expended when there is a legal or Construc ob14gabon comfflitting the Charity to the expenditure.. 2. Incom& from don•tion$ and legacies 2023 2022 Unrestrict•d funds Donations received 29.289 37,146 29.289 37.146 3. Expenditure on yneraling don•tioM and *acies 2023 2022 Unre¥trictsd funds Sijpport costs 500 864 soo 7of11
KHAIR UL NAS CHARITABLE TRUST Notes to the Financial Statements Continued For the year ended 31 December 2023 4. Costs of ¢haritabl¢ •¢tivits•s by lund ty 2023 2022 Unmtrl¢tsd funds Edu¢ation SupFQrt costs 23,000 5.502 32,550 4.160 28,502 36.710 S. Costs of charitable a¢tl¥ltl•s by activity type 2023 2022 Activities undertaken directly Education EdUtKIn Accountsncy fees Professional Fees otor and travel expenses Bank charge$ Communication 23,000 1.200 2,000 2,147 32,550 1.000 2,000 900 95 60 Z8.502 183 77 36,710 28.S02 36.710 6. Analysi¥ ofsupport cMts 2023 2022 Voluntary In¢omo Man•gom•nt CharitatAe event cost 500 Govèrnance costs Accountancy fees Professional Fees 1.200 2,000 2.147 1,000 2.000 900 Motor and travel expenses Bank charges CommuniGatr'on 95 183 77 S,S02 4.160 6.366 4,660 8of11
KHAIR UL NAS CHARITABLE TRUST Notes to the Financial Statements Continued For the year ended 31 Dember 2023 7. Net Incomollexpenditurel for the year This is stsled after chaigingll(xeditsngl'. 2023 2022 Accountancy fees Financial advice 1,200 2.000 1,000 2,000 8. Comparntive for the Staterr*rt of Financlal Activities The comparative year values on the Statement of Finantsal Acts.les are for unrestricted ftlnds. 9. Movgmgnt in fund5 UnrÈstrict•d Funds Balance at 0110112023 In¢om4ng r¢soure•s Outgolng rnsourc Balance at 3111212023 Gene1 Geneial 497 29.289 129,3661 420 497 29.289 129,3661 420 Unrnstrict•d Funds- Previtsu$ ar Balance at 0110112022 Incoming resour¢es Outgolng re$our¢e$ Balance at 3111212022 General General 561 37,146 137,2101 497 561 37,146 137,2101 497 9ofl1
KHAIR UL NAS CHARITABLE TRUST Notes to the Financial Statements Continued For the year ended 31 Dmber 2023 Purpos• ol unrgstricted Fund• Donations TO ADVANCE EDUCATION FOR THE BENEFIT OF THE POOR. THE UNDERPRIVILEGED AND THE GENERAL PUBLIC BY MEANS OF. BUT NOT EXCLUSIVELY. THE PROVISION OR THE ASSISTANCE IN THE PROVISION OF SCHOLARSHIPS. EDUCATIONAL ACTIVITIES AND FACILITIES. SUCH AS SCHOOLS. LIBRARIES AND TRAINING CENTRES General TO ADVANCE EDUCATION FOR THE BENEFIT OF THE POOR. THE UNDERPRIVILEGED AND THE GENERAL PUBLIC BY MEANS OF, BUT NOT EXCLUSIVELY. THE PROVISION OR THE ASSISTANCE IN THE PROVISION OF SCHOLARSHIPS. EDUCATIONAL ACTIVITIES AND FACILITIES, SUCH AS SCHOOLS, UBRARIES AND TPAINING CENTRES 10. Anatysis of net between fvnd$ N8t cunent NBiAs$0ts etsi Ili•bilitiesl UnY•stricted funds Genetsl General 420 420 420 420 Prnvious year a880ts 1 Unmtri¢tsd funds Genetsl General 497 497 497 497 10of11
KHAIR UL NAS CHARITABLE TRUST Detsiled Statement of Financial Ath"vities For the year ended 31 Dmber 2023 2023 2022 INCOME AND ENDOWMEIIT Donations and legacies Donations 29,289 37.146 29.289 37.146 Total incoming rnsour¢ EXPENOITURE Charitable activities Cost of direct tharitsbk ac*"wty 29,289 37,146 123.0001 (32,5501 123.000) 132.SSOI SUPPORT COSTS PAanag¢m?nt Managemerrt 1864} Isooi 18641 15001 Governanc• Costs Govemance costs 15.5021 14.1801 15,$021 14.1601 Totsl mources expended 129.366} 137.2101 Net Expenditure 1771 11 of 11 This page does It form part of the ststU finanrAal statements