## **Khatam Alnabaeen Limited**
**Charity No. 1168024**
**Company No. 08404576**
**Trustees' Report and Unaudited Accounts**
**28 February 2025**
**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|18|
|Detailed Statement of Financial Activities|19 to|20|
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 2025.
## **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.J. Hosseini Milani S.F. Hosseini-Milani (Resigned 2 September 2024) M.E. Mesbahi S.M. Rabbani S.E. Shahrestani
## **Accountants**
Sabat Accountants Ltd t/a Seymour King Suite G1 Hartsbourne House Delta Gain Watford WD19 5EF
## **OBJECTIVES AND ACTIVITIES**
Page 2
**Khatam Alnabaeen Limited Trustees Annual Report**
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. In accordance with the holy month of Ramadhan, interfaith training was placed over four weeks from 11th of March 2024 to 5th of April 2024. The course included understanding faith through patience using fasting and sacred texts throughout Abrahamic faiths.
2. Fourteen weeks Modernity and Religion course starting on the 15th of April 2024 to 19th of July 2024. The course was a compilation of present-day issues including artificial intelligence, automization of food processing including its global expansion and environmental health.
3. Successful marriage courses. These are series of courses run periodically in order to facilitate an environment for couples who are in their first five years of relationship as well as those who are planning on starting a relationship.
4. Twelve weeks course on contemporary issues on the 1st of October 2024. The subjects covered included: Crypto-currency, Insurance and Assurance, Assisted dying, Gender related matters and involving British values.
- The preachers, improvising them with the most updated scientific and social approaches to contemporary matters.
- The general members of the community, involving workshops and discussion in order to bring better understanding of the mental health issues surrounding them and their loved ones.
- Also covering the topic of losing a dear family member.
5. After a previously proven success, for the third year, series of Mental Health Courses where administered covering:
- Improvising the preachers with the much needed and most updated scientific and social approaches to contemporary matters.
- The general members of the community, involving workshops and discussions in order to bring better understanding of the mental health issues surrounding them and their loved ones.
- Also covering the topic of losing a family member and the different coping mechanisms.
6. As an annual event, in co-ordination with the Centre for Muslim-Christian Studies in Oxford, a full week summer course of interfaith and intra-faith has been organised and managed.
Page 3
**Khatam Alnabaeen Limited**
## **Trustees Annual Report**
This year as the 10th anniversary, an event was held at the centre with most corporates, funders and administrators for the program gathering over a blissful dinner table, expressing their gratitude towards all the hard work and the amazing results taken place over the years.
## **FINANCIAL REVIEW**
During the year under review the charity received unrestricted income of £24,463 (2024: £28,750) and restricted income of £117,784 (2024: £45,292) and had an expenditure of £103,644 (2024: £95,856) and £65,246 (2024: £10,420) for unrestricted and restricted expenditure respectively. At the balance sheet date the charity held unrestricted and restricted funds of £235,368 (2024: £314,549) and £240,223 (2024: £187,685) respectively.
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 £26,000 and £52,000. At the end of the year, the charity had unrestricted reserve fund of £235,368.
## **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.
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
M.E. Mesbahi Trustee 16 December 2025
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 2025.
## **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 16 December 2025
Page 5
**Khatam Alnabaeen Limited Statement of Financial Activities**
## **for the year ended 28 February 2025**
|**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**
**2025**
**£**
24,404
59
-|**Restricted**
**funds**
**2025**
**£**
117,784
-
-|**Total funds**
**2025**
**£**
142,188
59
-|**Total funds**
**2024**
**£**
72,292
-
1,750|
|---|---|---|---|---|
||24,463
-
103,644|117,784
65,246
-|142,247
65,246
103,644|74,042
11,268
95,008|
||103,644
-|65,246
-|168,890
-|106,276
-|
||(79,181)
-|52,538
-|(26,643)
-|(32,234)
-|
||(79,181)|52,538|(26,643)|(32,234)|
||(79,181)
314,549|52,538
187,685|(26,643)
502,234|(32,234)
534,468|
||235,368|240,223|475,591|502,234|
Page 6
**Khatam Alnabaeen Limited Summary Income and Expenditure Account**
## **for the year ended 28 February 2025**
|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**|**2025**
**£**
142,188
59
142,247
157,037
11,853
168,890
(26,643)
(26,643)|**2024**
**£**
74,042
-|
|---|---|---|
|||74,042|
|||91,889
14,387|
|||106,276|
|||(32,234)|
|||(32,234)|
Page 7
**Khatam Alnabaeen Limited Balance Sheet**
## **at 28 February 2025**
|**Company No.**
**08404576**
**Notes**
**2025**
**£**
**Fixed assets**
Tangible assets
12
605,487
605,487
**Current assets**
Debtors
13
310
Cash at bank and in hand
3,395
3,705
**Creditors:**Amount falling due within one year
14
(5,666)
**Net current (liabilities)/assets**
(1,961)
**Total assets less current liabilities**
603,526
**Creditors:**Amounts falling due after more than one year
15
(127,935)
**Net assets excluding pension asset or liability**
475,591
**Total net assets**
475,591
**The funds of the charity**
**Restricted funds**
16
Restricted income funds
240,223
240,223
**Unrestricted funds**
16
General funds
235,368
235,368
**Reserves**
16
**Total funds**
475,591|**2024**
**£**
617,340|
|---|---|
||617,340
2,739
15,315|
||18,054
(2,660)|
||15,394
632,734
(130,500)|
||502,234|
||502,234|
||187,685|
||187,685
314,549|
||314,549|
||502,234|
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 2025 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 16 December 2025
And signed on its behalf by:
M.E. Mesbahi Trustee
16 December 2025
Page 8
**Khatam Alnabaeen Limited Statement of Cash flows for the year ended 28 February 2025**
|**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
Decrease in trade and other receivables
Increase/(Decrease) 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 used in 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|**2025**
**£**
(26,643)
11,853
(59)
2,429
3,006
(9,414)
59
59
(2,565)
(2,565)
(11,920)
15,315
3,395
3,395
3,395|**2024**
**£**
(32,234)
14,387
(1,750)
4,804
(522)|
|---|---|---|
|||(15,315)
1,750|
|||1,750|
|||-|
|||-|
||||
|||(13,565)|
|||28,880|
|||15,315|
||||
|||15,315|
||||
|||15,315|
Page 9
**Khatam Alnabaeen Limited Notes to the Accounts**
## **for the year ended 28 February 2025**
- 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.
## **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.
## **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
Page 10
**Khatam Alnabaeen Limited Notes to the Accounts**
## **Expenditure**
Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT expenditure which 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.
## **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.
Page 11
**Khatam Alnabaeen Limited Notes to the Accounts**
## **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.
## 3 **Statement of Financial Activities - prior year**
|**Income and endowments from:**
Donations and legacies
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**|**Unrestricted**
**funds**
**2024**
**£**
27,000
1,750
28,750
848
95,008
95,856
(67,106)
(67,106)
(67,106)
381,655
314,549|**Restricted**
**funds**
**2024**
**£**
45,292
-
45,292
10,420
-
10,420
34,872
34,872
34,872
152,813
187,685|**Total funds**
**2024**
**£**
72,292
1,750|
|---|---|---|---|
||||74,042
11,268
95,008|
||||106,276|
||||(32,234)|
||||(32,234)|
||||(32,234)
534,468|
||||502,234|
Page 12
**Khatam Alnabaeen Limited**
## **Notes to the Accounts**
|4
**Income from donations and legacies**
General donation
Khums - Sehme Imam and
Sehme Sadaat
Sadaqah
Khums - Sehme Imam
Education
Khums - Sehme Sadaat
Healthcare
Fitra Syed
Ramadhan Relief
5
**Income from investments**
Interest receivable
6
**Other income**
Gift Aid
7
**Expenditure on charitable activities**
_Expenditure on charitable_
_activities_
Education
Orphans
Medical
_Governance costs_|**Unrestricted**
**£**
24,404
-
-
-
-
-
-
-
-
24,404|**Restricted**
**£**
-
41,299
1,840
-
59,105
2,000
9,500
40
4,000
117,784
**Unrestricted**
**£**
59
59
**Restricted**
**£**
62,134
2,400
712
65,246|**Total**
**2025**
**£**
24,404
41,299
1,840
-
59,105
2,000
9,500
40
4,000
142,188
**Total**
**2025**
**£**
59
59
**Total**
**2025**
**£**
-
-|**Total**
**2024**
**£**
27,000
4,292
-
35,500
5,500
-
-
-
-|
|---|---|---|---|---|
|||||72,292|
|||||**Total**
**2024**
**£**
-|
|||||-|
|||||**Total**
**2024**
**£**
1,750|
|||||1,750|
||||||
||||**Total**
**2025**
**£**
62,134
2,400
712
65,246|**Total**
**2024**
**£**
10,420
-
848|
|||||11,268|
Page 13
**Khatam Alnabaeen Limited Notes to the Accounts**
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**
**£**
37,936
2,070
10,606
11,853
39,379
1,800
103,644
**2025**
**£**
11,853
1,800|**Total**
**2025**
**£**
37,936
2,070
10,606
11,853
39,379
1,800
103,644|**Total**
**2024**
**£**
50,137
-
10,628
14,387
18,056
1,800|
|---|---|---|---|
||||95,008|
||||**2024**
**£**
14,387
1,800|
## 10 **Trustee remuneration and expenses**
One or more of the trustees has been paid remuneration in the current or prior periods.
||||**Other**||
|---|---|---|---|---|
|**Trustee**|**Remuneration**|**Pension**|**benefits**||
|S.M. Rabbani|26,000|563|-||
|||**2025**||**2024**|
|||**Number**||**Number**|
The nature of the reimbursed expenses
SM Rabbani was an employee of the charity prior to being appointed as a trustee. His employment was in the capacity as a lecturer and his duties of employment continued post his appointment as a trustee. During the year he was paid a total of £26,000 for his services as a lecturer, no remuneration was paid for his duties as a trustee.
Page 14
**Khatam Alnabaeen Limited Notes to the Accounts**
|11|**Staff costs**||||
|---|---|---|---|---|
|||**2025**||**2024**|
||Salaries and wages|37,149||49,120|
||Pension costs|787||1,017|
|||37,936||50,137|
||No employee received emoluments in excess of £60,000.||||
||The average monthly number of full time equivalent employees|during the year|was as follows:||
|||**2025**||**2024**|
|||**Number**||**Number**|
||Administration|2||2|
|||2||2|
|12|**Tangible fixed assets**||||
|||**Land and**
**buildings**|**Fixture,**
**fittings &**
**equipment**|**Total**|
|||**£**|**£**|**£**|
||**Cost or revaluation**||||
||At 1 March 2024|686,332|28,079|714,411|
||At 28 February 2025|686,332|28,079|714,411|
||**Depreciation and**||||
||**impairment**||||
||At 1 March 2024|71,845|25,226|97,071|
||Depreciation charge for the|9,227|2,626|11,853|
||year||||
||At 28 February 2025|81,072|27,852|108,924|
||**Net book values**||||
||At 28 February 2025|605,260|227|605,487|
||At 29 February 2024|614,487|2,853|617,340|
|13|**Debtors**||||
|||**2025**||**2024**|
|||**£**||**£**|
||Other debtors|-||1,750|
||Prepayments and accrued income|310||989|
|||310||2,739|
|14|**Creditors:**||||
||amounts falling due within one year||||
|||**2025**||**2024**|
|||**£**||**£**|
||Trade creditors|62||130|
||Other taxes and social security|1,964||621|
||Other creditors|1,840||109|
||Accruals|1,800||1,800|
|||5,666||2,660|
Page 15
**Khatam Alnabaeen Limited Notes to the Accounts**
|**Khatam Alnabaeen Limited**
**Notes to the Accounts**|||
|---|---|---|
|15 **Creditors:**
amounts falling due after more than one
year
Other loans
Liabilities repayable in more than five
years after the balance sheet date
Amount repayable other than by
instalments|**2025**
**£**
127,935
127,935
127,935
127,935|**2024**
**£**
130,500|
|||130,500|
|||130,500|
|||130,500|
Page 16
**Khatam Alnabaeen Limited Notes to the Accounts**
## 16 **Movement in funds**
|16 **Movement in funds**||||||
|---|---|---|---|---|---|
||**At 1 March**
**2024**
12,544
1,588
11,779
154,503
-
1,771
5,500
-
-
187,685
314,549
502,234|**Incoming**
**resources**
**(including**
**other**
**gains/losses)**
**£**
41,299
1,840
-
59,105
-
2,000
9,500
4,000
40
117,784
24,463
142,247|**Resources**
**expended**
**£**|**Gross**
**transfers**
**£**
-
-
(2,400)
-
2,400
-
-
-
-
-
-
-|**At 28**
**February**
**2025**
**£**
53,843
3,428
9,379
151,474
-
3,771
14,288
4,000
40|
|**Restricted funds:**
**Restricted income funds:**
Khums - Sehme Imam and
Sadaat
Sadaqah
Khums - Sehme Imam
Education
Orphans
Khums - Sehme Sadaat
Healthcare
Ramadhan Relief
Fitra - Syed
_Total_
**Unrestricted funds:**
**General funds**
**Total funds**||||||
||||-|||
||||-|||
||||-|||
||||(62,134)|||
||||(2,400)|||
||||-|||
||||(712)|||
||||-|||
||||-|||
||||(65,246)
(103,644)
(168,890)|||
||||||240,223|
||||||235,368|
||||||475,591|
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 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. Orphans This fund is used for the general well being of the orphans. Khums - Sehme Sadaat 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. Healthcare This fund is used for those in need of medical assistance and at the discretion of the trustees. Ramadhan Relief Donations received to be used for the poor and the needy.
Page 17
**Khatam Alnabaeen Limited Notes to the Accounts**
Fitra - Syed
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.
## 17 **Analysis of net assets between funds**
|Fixed assets
Net current assets
Creditors due in more than one year and
provisions
18 **Reconciliation of net debt**
Cash and cash equivalents
Borrowings
Net debt|**Unrestricted**
**funds**
**£**
605,487
(5,356)
(127,935)
472,196
**At 1 March**
**2024**
**£**|**Restricted**
**funds**
**£**
-
3,395
-
3,395
**Cash flows**
**£**|**Total**
**£**
605,487
(1,961)
(127,935)|
|---|---|---|---|
||||475,591|
||||**At 28**
**February**
**2025**
**£**|
||15,315|(11,920)|3,395|
||15,315
(130,500)
(130,500)
(115,185)|(11,920)
2,565
2,565
(9,355)|3,395
(127,935)|
||||(127,935)|
||||(124,540)|
|||||
|19 **Commitments**
**_Operating lease commitments_**
Annual commitments under non-cancellable operating leases are as follows:
**2025**
**2025**
**Land and**
**buildings**
**Other**
**£**
**£**
Operating leases with expiry date:
**_Pension commitments_**
**2025**
**£**
The pension cost charge to the company
amounted to:
787||**2024**
**Land and**
**buildings**
**£**|**2024**
**Other**
**£**
**2024**
**£**
1,017|
## 20 **Related party disclosures**
During the year a sum of £50,336 (2024: Nil) amount was paid as reimbursement of expenditure incurred on behalf of the charity.
## _**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 2025**
|**Income and endowments from:**
Donations and legacies
General donation
Khums - Sehme Imam and Sehme
Sadaat
Sadaqah
Khums - Sehme Imam
Education
Khums - Sehme Sadaat
Healthcare
Fitra Syed
Ramadhan Relief
Investments
Interest receivable
Other
Gift Aid
**Total income and endowments**
**Expenditure on:**
Charitable activities
Education
Orphans
Medical
**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|**Unrestricted**
**funds**
**2025**
**£**
24,404
-
-
-
-
-
-
-
-
24,404
59
59
-
-
24,463
-
-
-
-
-
37,149
787
37,936
2,070
2,070
3,944
4,599|**Restricted**
**funds**
**2025**
**£**
-
41,299
1,840
-
59,105
2,000
9,500
40
4,000
117,784
-
-
-
-
117,784
62,134
2,400
712
65,246
65,246
-
-
-
-
-
-
-|**Total funds**
**2025**
**£**
24,404
41,299
1,840
-
59,105
2,000
9,500
40
4,000
142,188
59
59
-
-
142,247
62,134
2,400
712
65,246
65,246
37,149
787
37,936
2,070
2,070
3,944
4,599|**Total funds**
**2024**
**£**
27,000
4,292
-
35,500
5,500
-
-
-
-|
|---|---|---|---|---|
|||||72,292|
|||||-|
|||||-|
|||||1,750|
|||||1,750|
|||||74,042
10,420
-
848|
|||||11,268|
|||||11,268
49,120
1,017|
|||||50,137|
|||||-|
|||||-|
|||||3,715
4,164|
Page 19
## **Khatam Alnabaeen Limited**
## **Detailed Statement of Financial Activities**
|Premises insurances
Premises repairs and
maintenance
Other premises costs
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**|1,302
761
-
10,606
9,227
2,626
103
38,294
982
51,232
1,800
1,800
103,644
103,644
-
(79,181)
(79,181)
-
(79,181)
314,549
235,368|-
-
-
-
-
-
-
-
-
-
-
-
-
65,246
-
52,538
52,538
-
52,538
187,685
240,223|1,302
761
-
10,606
9,227
2,626
103
38,294
982
51,232
1,800
1,800
103,644
168,890
-
(26,643)
(26,643)
-
(26,643)
502,234
475,591|973
586
1,190|
|---|---|---|---|---|
|||||10,628|
|||||9,227
5,160
130
16,815
1,111|
|||||32,443|
|||||1,800|
|||||1,800|
||||||
|||||95,008|
|||||106,276
-|
|||||(32,234)|
|||||(32,234)
-|
|||||(32,234)|
|||||534,468|
|||||502,234|
Page 20