## **Khatam Alnabaeen Limited**
**Charity No. 1168024**
**Company No. 08404576**
**Trustees' Report and Unaudited Accounts**
**28 February 2023**
**Khatam Alnabaeen Limited Contents**
||Pages||
|---|---|---|
|Trustees' Annual Report|2 to 4||
|Independent Examiner's Report||5|
|Statement of Financial Activities||6|
|Summary Income and Expenditure Account||7|
|Balance Sheet||8|
|Statement of Cash flows||9|
|Notes to the Accounts|10 to|17|
|Detailed Statement of Financial Activities|18 to|19|
Page 1
**Khatam Alnabaeen Limited Trustees Annual Report**
The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 28 February 2023.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Company No. 08404576**
## **Charity No. 1168024**
## **Principal Office**
Unit 6 Wellesly Court Apsley Way London NW2 7HF
## **Registered Office**
Suite G1 Harstbourne House Delta Gain Watford WD19 5EF
## **Directors and Trustees**
The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year:
S.F. Hosseini-Milani M.E. Mesbahi
S.E. Shahrestani
## **Accountants**
Sabat Accountants Ltd t/a Seymour King Suite G1 Hartsbourne House Delta Gain Watford WD19 5EF
Page 2
**Khatam Alnabaeen Limited Trustees Annual Report**
## **OBJECTIVES AND ACTIVITIES**
The purpose of the charity is promotion of racial and religious harmony through education. In shaping our objectives and activities, the trustees have considered the Charity Commission's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.
The activities undertaken by the charity to promote its objectives and aims are stated below.
The activities undertaken by the charity to promote its objectives and aims are as follows;
1- Theology Courses
- 2- Mental Health Courses
- 3- Conferences
4- Inter-faith and intra-faith conferences
- 5- Round table weekend discussions
## **ACHIEVEMENTS AND PERFORMANCE**
1. Round table weekend discussions are managed throughout the year with the vision of better parenting and creating a better environment for children’s moral and mental state.
2. Theology Courses: Term one started on 14/3/2022 and continued until 29/7/2022. Term two took place on the 1st of September 2022 and ended on the 30th of January 2023.
3. Organised a conference titled (Need for reform in our communities). This conference focused upon Peaceful Existence and guidelines for good citizens.
4. Mental Health Courses: The first course was aimed at preachers, improvising them with the most updated scientific and social approaches to the issues. The second course held for the general members of the community, involving workshops and discussions in order to bring better understanding of the mental health issues surrounding them, their close families and loved ones.
5. We ran a conference titled “Raising Awareness on Disabilities in the Muslim Communities in the UK”, which also included briefing of religious obligations towards this matter.
6. In co-operation with the Centre for Muslim-Christian Studies in Oxford, interfaith and intra-faith conferences have been organised and managed.
## **FINANCIAL REVIEW**
During the year under review the charity received unrestricted income of £82,170 (2022: £41,948) and restricted income of £50,855 (2022: £48,642) and had an expenditure of £107,494 (2022: £105,661) and £30,941 (2022: £57,811) for unrestricted and restricted expenditure respectively. At the balance sheet date the charity held unrestricted and restricted funds of £381,655 (2022: £416,979) and £152,813 (2022: £132,899) respectively.
Page 3
**Khatam Alnabaeen Limited**
## **Trustees Annual Report**
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six months running costs. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity's current activities while consideration is given to ways in which additional funds maybe raised. Based on this policy the reserves to be held are between £29,300 and £58,600. At the end of the year, the charity had unrestricted reserve fund of £381,655.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
The charity is a company limited by guarantee and is controlled by its Memorandum and Articles of Association dated 15 February 2013 as amended by special resolution dated 19 February 2016 and 27 June 2016.
The charity may appoint any person who is willing to become a director/trustee.
## **Statement of Trustees' Responsibilities**
The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with the applicable law and United Kingdom's accounting standards (United Kingdom's generally accepted accounting practice).
The law applicable to charities in England and Wales requires the charity trustees to prepare financial statements for each year which give a true and fair view of affairs of the charity and of incoming resources and the application of resources of the charity for that period. In preparing the financial statements, the trustees are required to:
1. Select suitable Accounting policies and apply them consistently;
2. Observe the methods and principles in the Charities Statement of Recommended Practice;
3. Make judgements and estimates that are reasonable and prudent;
4. State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
5. Prepare the financial statements on the going concern basis unless its inappropriate to presume that the charity will continue in business.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).
Signed on behalf of the board
S.F. Hosseini-Milani Trustee
23 November 2023
Page 4
**Khatam Alnabaeen Limited Independent Examiners Report**
## **Independent Examiner's Report to the trustees of Khatam Alnabaeen Limited**
I report to the charity trustees on my examination of the financial statements of Khatam Alnabaeen Limited for the year ended 28 February 2023.
## **Responsibilities and basis of report**
As the charity's trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act.
Having satisfied myself that the financial statements of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's financial statements 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 can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe:
- accounting records were not kept in accordance with section 386 of the 2006 Act ; or
- the financial statements do not accord with those records; or
- the financial statements do not comply with the accounting requirements under section 396 of the 2006 Act other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination; or
- the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
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 financial statements to be reached.
Sajjad B Tejani FCCA Sabat Accountants Ltd t/a Seymour King Suite G1
Hartsbourne House Delta Gain Watford WD19 5EF 23 November 2023
Page 5
**Khatam Alnabaeen Limited Statement of Financial Activities**
## **for the year ended 28 February 2023**
|**Notes**
**Income and endowments**
**from:**
Donations and legacies
4
Investments
5
Other
6
**Total**
**Expenditure on:**
Charitable activities
7
Other
8
**Total**
Net gains on investments
**Net expenditure**
9
Transfers between funds
**Net expenditure before other**
**gains/(losses)**
**Other gains and losses**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**funds**
**2023**
**£**
76,371
149
5,650|**Restricted**
**funds**
**2023**
**£**
50,855
-
-|**Total funds**
**2023**
**£**
127,226
149
5,650|**Total funds**
**2022**
**£**
82,213
17
8,360|
|---|---|---|---|---|
||82,170
250
117,244|50,855
30,941
-|133,025
31,191
117,244|90,590
73,008
90,464|
||117,494
-|30,941
-|148,435
-|163,472
-|
||(35,324)
-|19,914
-|(15,410)
-|(72,882)
-|
||(35,324)|19,914|(15,410)|(72,882)|
||(35,324)
416,979|19,914
132,899|(15,410)
549,878|(72,882)
622,760|
||381,655|152,813|534,468|549,878|
Page 6
**Khatam Alnabaeen Limited Summary Income and Expenditure Account**
## **for the year ended 28 February 2023**
|Income
Interest and investment income
**Gross income for the year**
Expenditure
Depreciation and charges for
impairment of fixed assets
**Total expenditure for the year**
Net expenditure before tax for the year
**Net expenditure for the year**|**2023**
**£**
132,876
149
133,025
134,086
14,349
148,435
(15,410)
(15,410)|**2022**
**£**
90,573
17|
|---|---|---|
|||90,590|
|||148,653
14,819|
|||163,472|
|||(72,882)|
|||(72,882)|
Page 7
**Khatam Alnabaeen Limited Balance Sheet**
## **at 28 February 2023**
|**Company No.**
**08404576**
**Notes**
**2023**
**£**
**Fixed assets**
Tangible assets
12
631,727
631,727
**Current assets**
Debtors
13
7,543
Cash at bank and in hand
28,880
36,423
**Creditors:**Amount falling due within one year
14
(3,182)
**Net current assets**
33,241
**Total assets less current liabilities**
664,968
**Creditors:**Amounts falling due after more than one year
15
(130,500)
**Net assets excluding pension asset or liability**
534,468
**Total net assets**
534,468
**The funds of the charity**
**Restricted funds**
16
Restricted income funds
152,813
152,813
**Unrestricted funds**
16
General funds
381,655
381,655
**Reserves**
16
**Total funds**
534,468|**2022**
**£**
646,076|
|---|---|
||646,076
1,192
34,223|
||35,415
(3,113)|
||32,302
678,378
(128,500)|
||549,878|
||549,878|
||132,899|
||132,899
416,979|
||416,979|
||549,878|
These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
For the year ended 28 February 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
Approved by the board on 23 November 2023
And signed on its behalf by:
S.F. Hosseini-Milani Trustee
23 November 2023
Page 8
**Khatam Alnabaeen Limited Statement of Cash flows for the year ended 28 February 2023**
|**Cash flows from operating activities**
**Net expenditure per Statement of Financial Activities**
**Adjustments for:**
Depreciation of property, plant and equipment
Dividends, interest and rents from investments
(Increase)/Decrease in trade and other receivables
Increase in trade and other payables
**Net cash used in operating activities**
**Cash flows from investing activities**
Dividends, interest and rents from investments
**Net cash from investing activities**
**Cash flows from financing activities**
Repayment of borrowings
**Net cash from financing activities**
**Net decrease in cash and cash equivalents**
**Cash and cash equivalents at the beginning of the year**
**Cash and cash equivalents at the end of the year**
**Components of cash and cash equivalents**
Cash and bank balances|**2023**
**£**
(15,410)
14,349
(5,799)
(6,351)
69
(13,142)
5,799
5,799
2,000
2,000
(5,343)
34,223
28,880
28,880
28,880|**2022**
**£**
(72,882)
14,819
(8,377)
8,685
1,072|
|---|---|---|
|||(56,683)
8,377|
|||7,904|
|||-|
|||-|
||||
|||(48,779)|
|||83,255|
|||34,476|
||||
|||34,223|
||||
|||34,223|
Page 9
**Khatam Alnabaeen Limited Notes to the Accounts**
## **for the year ended 28 February 2023**
- 1 **Accounting policies**
## **Basis of preparation**
The financial statements have been prepared in accordance with 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 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
The charity meets the definition of public benefit entity.
The accounts are prepared in Great British Pounds which is the main functional and presentational currency.
## **Change in basis of accounting or to previous accounts**
There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.
## **Fund accounting**
Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values. Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.
Page 10
**Khatam Alnabaeen Limited Notes to the Accounts**
## **Income**
- Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income.
- Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.
- Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets
## **Expenditure**
- Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
- Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
- Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
- Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
- Other expenditure These are support costs not allocated to a particular activity.
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
Page 11
**Khatam Alnabaeen Limited Notes to the Accounts**
## **Tangible fixed assets and depreciation**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
Freehold property 2%% on cost
Fixture, fittings & equipment 20%% on cost
## **Trade and other debtors**
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
## **Trade and other creditors**
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
## **Pension costs**
The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
## **Receipt of donated goods, facilities and services**
All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.
## 2 **Company status**
The company is a private company limited by guarantee and consequently does not have share capital.
Page 12
**Khatam Alnabaeen Limited**
## **Notes to the Accounts**
## 3 **Statement of Financial Activities - prior year**
|**Income and endowments from:**
Donations and legacies
Investments
Other
**Total**
**Expenditure on:**
Charitable activities
Other
**Total**
**Net income**
**Net income before other**
**gains/(losses)**
**Other gains and losses:**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**
4
**Income from donations and legacies**
General donation
Khums - Sehme Imam and
Sehme Sadaat
Sadaqah
Khums - Sehme Imam
Education
5
**Income from investments**
Interest receivable|**Unrestricted**
**£**
76,371
-
-
-
-
76,371|**Unrestricted**
**funds**
**2022**
**£**
33,571
17
8,360
41,948
15,197
90,464
105,661
(63,713)
(63,713)
(63,713)
480,692
416,979
**Restricted**
**£**
-
-
-
-
50,855
50,855
**Unrestricted**
**£**
149
149|**Restricted**
**funds**
**2022**
**£**
48,642
-
-
48,642
57,811
-
57,811
(9,169)
(9,169)
(9,169)
142,068
132,899
**Total**
**2023**
**£**
76,371
-
-
-
50,855
127,226
**Total**
**2023**
**£**
149
149|**Total funds**
**2022**
**£**
82,213
17
8,360|
|---|---|---|---|---|
|||||90,590
73,008
90,464|
|||||163,472|
|||||(72,882)|
|||||(72,882)|
|||||(72,882)
622,760|
|||||549,878|
|||||**Total**
**2022**
**£**
33,571
3,500
56
6,286
38,800|
|||||82,213|
|||||**Total**
**2022**
**£**
17|
|||||17|
Page 13
**Khatam Alnabaeen Limited Notes to the Accounts**
## 6 **Other income**
|JRS Grant
Gift Aid
7
**Expenditure on charitable activities**
_Expenditure on charitable_
_activities_
Education
General donation
_Governance costs_
8
**Other expenditure**
Employee costs
Motor and travel costs
Premises costs
Amortisation, depreciation,
impairment, profit/loss on
disposal of fixed assets
General administrative costs
Legal and professional costs
9
**Net expenditure before transfers**
This is stated after charging:
Depreciation of owned fixed assets
Independent Examiner's fee|**Unrestricted**
**£**
-
250
250|**Unrestricted**
**£**
-
5,650
5,650|**Total**
**2023**
**£**
-
5,650
5,650|**Total**
**2022**
**£**
8,360
-|
|---|---|---|---|---|
|||||8,360|
||||||
|||**Restricted**
**£**
30,941
-
30,941
**Unrestricted**
**£**
75,327
204
9,072
14,349
16,492
1,800
117,244
**2023**
**£**
14,349
1,800|**Total**
**2023**
**£**
30,941
250
31,191
**Total**
**2023**
**£**
75,327
204
9,072
14,349
16,492
1,800
117,244|**Total**
**2022**
**£**
57,811
15,197|
|||||73,008|
|||||**Total**
**2022**
**£**
49,149
-
7,611
14,819
17,085
1,800|
|||||90,464|
|||||**2022**
**£**
14,819
1,800|
Page 14
**Khatam Alnabaeen Limited Notes to the Accounts**
**2023 2022 Number Number**
## 10 **Trustee remuneration and expenses**
The nature of the reimbursed expenses There was no trustees' remuneration or other benefits for the year ended 28 February 2023 nor for the year ended 28 February 2022.
## 11 **Staff costs**
|Salaries and wages
Pension costs|**2023**
73,830
1,497
75,327|**2022**
48,172
977|
|---|---|---|
|||49,149|
No employee received emoluments in excess of £60,000.
The average monthly number of full time equivalent employees during the year was as follows:
|Administration
12 **Tangible fixed assets**
**Cost or revaluation**
At 1 March 2022
At 28 February 2023
**Depreciation and**
**impairment**
At 1 March 2022
Depreciation charge for the
year
At 28 February 2023
**Net book values**
At 28 February 2023
At 28 February 2022
13 **Debtors**
Other debtors
Prepayments and accrued income|**2023**
**Number**
4
4
**Land and**
**buildings**
**£**
686,332
686,332
53,391
9,227
62,618
623,714
632,941
**2023**
**£**
6,090
1,453
7,543|**Fixture,**
**fittings &**
**equipment**
**£**
28,079
28,079
14,944
5,122
20,066
8,013
13,135|**2022**
**Number**
3|
|---|---|---|---|
||||3|
||||**Total**
**£**
714,411|
||||714,411|
||||68,335
14,349|
||||82,684|
||||631,727|
||||646,076|
||||**2022**
**£**
300
892|
||||1,192|
Page 15
**Khatam Alnabaeen Limited Notes to the Accounts**
## 14 **Creditors:**
|14 **Creditors:**|||
|---|---|---|
|amounts falling due within one year
Trade creditors
Other taxes and social security
Other creditors
Accruals
15 **Creditors:**
amounts falling due after more than one
year
Other loans|**2023**
**£**
122
913
347
1,800
3,182
**2023**
**£**
130,500
130,500|**2022**
**£**
-
1,097
216
1,800|
|||3,113|
|||**2022**
**£**
128,500|
|||128,500|
Included in the creditors falling due after more than one year is an amount of £103,500 (2022: £101,500) due to a trustee. The loan is interest free and no guarantees have been provided.
Page 16
**Khatam Alnabaeen Limited Notes to the Accounts**
## 16 **Movement in funds**
|**Restricted funds:**
**Restricted income funds:**
Khums - Sehme Imam and
Sadaat
Sadaqah
Khums - Sehme Imam
Education
Orphans
_Total_
**Unrestricted funds:**
**General funds**
**Total funds**|**At 1 March**
**2022**
8,252
1,588
11,779
109,509
1,771
132,899
416,979
549,878|**Incoming**
**resources**
**(including**
**other**
**gains/losses)**
**£**
-
-
-
50,855
-
50,855
82,170
133,025|**Resources**
**expended**
**£**
-
-
-
(30,941)
-
(30,941)
(117,494)
(148,435)|**At 28**
**February**
**2023**
**£**
8,252
1,588
11,779
129,423
1,771|
|---|---|---|---|---|
|||||152,813|
|||||381,655|
|||||534,468|
Purposes and restrictions in relation to the funds:
Restricted funds: Khums - Sehme Imam and Funds received as obligatory religious payments, to be utilised in Sadaat accordance to the teachings of the Islamic faith and at the discretion of the trustees. Sadaqah Donations received to be used for the poor and the needy. Khums - Sehme Imam Funds received as obligatory religious payments, to be utilised in accordance to the teachings of the Islamic faith and at the discretion of the trustees. Education This fund is used for the education activities of the charity. Orphans This fund is used for the general well being of the orphans.
17 **Analysis of net assets between funds**
|**Analysis of net assets between funds**||||
|---|---|---|---|
|Fixed assets
Net current assets
Creditors due in more than one year and
provisions|**Unrestricted**
**funds**
**£**
631,727
4,361
(130,500)
505,588|**Restricted**
**funds**
**£**
-
28,880
-
28,880|**Total**
**£**
631,727
33,241
(130,500)|
||||534,468|
Page 17
**Khatam Alnabaeen Limited Notes to the Accounts**
## 18 **Reconciliation of net debt**
|**Reconciliation of net debt**||||
|---|---|---|---|
|Cash and cash equivalents
Borrowings
Net debt|**At 1 March**
**2022**
**£**|**Cash flows**
**£**|**At 28**
**February**
**2023**
**£**|
||34,223|(5,343)|28,880|
||34,223
(128,500)
(128,500)
(94,277)|(5,343)
(2,000)
(2,000)
(7,343)|28,880
(130,500)|
||||(130,500)|
||||(101,620)|
## 19 **Commitments**
## _**Operating lease commitments**_
Annual commitments under non-cancellable operating leases are as follows:
||**2023**|**2023**|**2022**|**2022**|
|---|---|---|---|---|
||**Land and**
**buildings**|**Other**|**Land and**
**buildings**|**Other**|
||**£**|**£**|**£**|**£**|
|Operating leases with expiry date:|||||
|**_Pension commitments_**|||||
|||**2023**||**2022**|
|||**£**||**£**|
|The pension cost charge to the company|||||
|amounted to:||1,497||977|
## 20 **Related party disclosures**
## **Related party transaction**
Included in the restricted charitable activities expenditure is an amount of £4,500 (2022: £Nil) paid to an individual related to a trustee for the services rendered for the digitisation project.
## _**Controlling party**_
The company is limited by guarantee and has no share capital; thus no single party controls the company.
Page 18
**Khatam Alnabaeen Limited Detailed Statement of Financial Activities**
## **for the year ended 28 February 2023**
|**Income and endowments from:**
Donations and legacies
General donation
Khums - Sehme Imam and Sehme
Sadaat
Sadaqah
Khums - Sehme Imam
Education
Investments
Interest receivable
Other
JRS Grant
Gift Aid
**Total income and endowments**
**Expenditure on:**
Charitable activities
Education
General donation
**Total of expenditure on charitable**
**activities**
Employee costs
Salaries/wages
Pension costs
Motor and travel costs
Travel and subsistence
Premises costs
Rates
Light, heat and power
Premises insurances
Premises repairs and
maintenance
Other premises costs|**Unrestricted**
**funds**
**2023**
**£**
76,371
-
-
-
-|**Restricted**
**funds**
**2023**
**£**
-
-
-
-
50,855
50,855
-
-
-
-
-
50,855
30,941
-
30,941
30,941
-
-
-
-
-
-
-
-
-
-
-|**Total funds**
**2023**
**£**
76,371
-
-
-
50,855
127,226
149
149
-
5,650
5,650
133,025
30,941
250
31,191
31,191
73,830
1,497
75,327
204
204
3,053
3,174
880
757
1,208
9,072|**Total funds**
**2022**
**£**
33,571
3,500
56
6,286
38,800|
|---|---|---|---|---|
||76,371|||82,213|
||149|||17|
||149|||17|
||-
5,650|||8,360
-|
||5,650|||8,360|
||82,170
-
250|||90,590
57,811
15,197|
||250|||73,008|
||250
73,830
1,497|||73,008
48,172
977|
||75,327|||49,149|
||204|||-|
||204|||-|
||3,053
3,174
880
757
1,208|||2,970
2,277
824
1,540
-|
||9,072|||7,611|
Page 19
## **Khatam Alnabaeen Limited**
## **Detailed Statement of Financial Activities**
|General administrative costs,
including depreciation and
amortisation
Depreciation of land and
buildings
Depreciation of Fixture, fittings &
equipment
Bank charges
Software, IT support and related
costs
Telephone, fax and broadband
Legal and professional costs
Accountancy and bookkeeping
**Total of expenditure of other costs**
**Total expenditure**
Net gains on investments
**Net expenditure**
**Net expenditure before other**
**gains/(losses)**
Other Gains
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|9,227
5,122
165
15,432
895|-
-
-
-
-
-
-
-
-
30,941
-
19,914
19,914
-
19,914
132,899
152,813|9,227
5,122
165
15,432
895
30,841
1,800
1,800
117,244
148,435
-
(15,410)
(15,410)
-
(15,410)
549,878
534,468|9,227
5,592
117
16,105
863|
|---|---|---|---|---|
||30,841|||31,904|
||1,800|||1,800|
||1,800|||1,800|
||||||
||117,244|||90,464|
||117,494
-|||163,472
-|
||(35,324)|||(72,882)|
||(35,324)
-|||(72,882)
-|
||(35,324)|||(72,882)|
||416,979|||622,760|
||381,655|||549,878|
Page 20