2024-12-31-accounts - Nust Trust Foundation UK

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Registered number 1187170

NUST TRUST FOUNDATION UK

Report and Accounts

31 December 2024

NUST TRUST FOUNDATION UK Company Information

Trustees

Ms Syeda Arooba Bilal Hussain Gillani Mr Israr Ahmed Mr Aun Ali Syed Mr Zeeshan Mehmood Mr Rao Sabir Ali Khan Mr Toaha Qureshi

Accountants

101 Whitechapel High Street 4th Floor London E1 7RA

Registered office

FIRD Secreteriate 43-45 Coldharbour Lane, Suit 2, Camberwell London SE5 9NR

Registered number 1187170

NUST TRUST FOUNDATION UK Registered number: 1187170 Trustees' Report

The Trustees present their report and accounts for the year ended 31 December 2024.

Principal activities

The company's principal activity during the year continued to be EDUCATION, WELFARE, & TRAINING.

Constitution objects and policies

NUST TRUST FOUNDATION UK is now constituted under the power given in the charities Act 2011 and is govern by a SCHEME ordered on 02 February 2018 by the Charity Commission for England and Wales.

The objects of the charity, are for the public benefits:

To advance the Islamic religion by the provision of a Mosque.

To advance Islamic education for both children and adults.

To promote religious harmony by fostering better relations between Muslims and other communities. And subject to the provisions of clause 5 in the Scheme ( Power to dispose of and replace purpose property), the land identified in part 1 of the schedule to the scheme must be maintained by the trustees for the objects of the charity.

Trustee

The following persons served as trustees during the year:

Ms Syeda Arooba Bilal Hussain Gillani Mr Israr Ahmed

Mr Aun Ali Syed Mr Zeeshan Mehmood Mr Rao Sabir Ali Khan Mr Toaha Qureshi

Small company provisions

This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.

This report was approved by the board on 16 October 2025 and signed on its behalf.

Toaha Qureshi MBE Trustee

NUST TRUST FOUNDATION UK Registered number: 1187170 Trustees' Report

The Trustees present their report and accounts for the year ended 31 December 2024.

Activities during the financial year No activities took place

NUST TRUST FOUNDATION UK Registered number: 1187170 Trustees' Report

The Trustees present their report and accounts for the year ended 31 December 2024.

Financial review

The founder trustees of the charity donated its current freehold building at the time of its formation and as such there are no encumberances on the use of the property. All major expenses on the building are being capitalised over the period.

Fund Collection Policy

The trusties have collected funds and donations under the following specific Islamic definitions only:

Income

Trustees believe that the funds collected or paid by the donors for any of the named Islamic beliefs can be utilised to attain the objectives of the charity. Consequently for the purpose of the financial statement all collections have been considered as unrestricted donations.

Risk Management

The trustees have examined the major strategic, business and operational risks which the charity faces and confirm that systems have been established to enable regular reports to be produced so that necessary steps can be taken to lessen the risks.

Trustees' responsibilities in relation to the financial statements

Law applicable to charities in England and Wales requires the trustees to prepare financial

statements for each fianacial year which give a true and fair view of the charities financial activities during the year and of its financial position at the end of the year. In preparing those statements , trustees are required to:

Select suitable accounting policies and then apply them consistently;
Make judgements and estimates that are reasonable and prudent;

ards and statements of recommended practice have

losed and explained in the fianancial stateemnt; and

ng concern basis unless it is inappropriate to presume

that the charity will continue in business.

NUST TRUST FOUNDATION UK Registered number: 1187170 Trustees' Report

The Trustees present their report and accounts for the year ended 31 December 2024.

The trustees are responsible for keeping accounting record which disclose with reasonable accurecy at any time the financial position of the charity and enable them to ensure that the financial statement comply with the Charities Act 1993. They are responsible for the safeguarding of the aasets ot the charity and hence for taking reasonable steps for the prevention of fraud and other irregularitles. This report was approved by the board on 17 December 2023 and signed on its behalf by:

Ms Syeda Arooba Bilal Hussain Gillani Mr Israr Ahmed Mr Aun Ali Syed Mr Zeeshan Mehmood Mr Rao Sabir Ali Khan Mr Toaha Qureshi

NUST TRUST FOUNDATION UK Accountants' Report

Accountants' report to the trustees of NUST TRUST FOUNDATION UK

You consider that the company is exempt from an audit for the year ended 31 December 2024. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.

In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.

We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.

HNH Consultants LTD Accountants & Tax Consultants

101 Whitechapel High Street 4th Floor London E1 7RA

16 October 2025

NUST TRUST FOUNDATION UK Surplus Account for the year ended 31 December 2024

Donation Administrative expenses Other operating income Operating surplus surplus before taxation Tax on profit surplus for the financial year	2024 £ 48,734 (578) 213 48,369 48,369 - 48,369	2023 £ 10,000 (500) 26 9,526 9,526 - 9,526

NUST TRUST FOUNDATION UK Registered number: Balance Sheet as at 31 December 2024 Notes Current assets Cash at bank and in hand Creditors: amounts falling due within one year 3 Net current assets Net assets Capital and reserves Profit and loss account Trustees' funds	1187170 2024 £ 58,896 (1,001) 57,895 57,895 57,895 57,895	2023 £ 10,026 (500) 9,526 9,526 9,526 9,526

The Trusteess are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.

The 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 and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.

Toaha Qureshi MBE Trustee Approved by the board on 16 October 2025

NUST TRUST FOUNDATION UK Notes to the Accounts for the year ended 31 December 2024

1 Accounting policies

Basis of preparation

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Intangible fixed assets

Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

Tangible fixed assets

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

Freehold buildings over 50 years Leasehold land and buildings over the lease term Plant and machinery over 5 years Fixtures, fittings, tools and equipment over 5 years

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

Debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

NUST TRUST FOUNDATION UK Notes to the Accounts for the year ended 31 December 2024

Creditors

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Taxation

A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Provisions

Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Leased assets

A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

Pensions

Contributions to defined contribution plans are expensed in the period to which they relate.

2 Employees

2024 2023 Number Number

NUST TRUST FOUNDATION UK Notes to the Accounts for the year ended 31 December 2024

Average number of persons employed by the company

Average number of persons employed by the company 3 Creditors: amounts falling due within one year Other creditors	0 2024 £ 1,001	0 2023 £ 500

4 Other information

NUST TRUST FOUNDATION UK is a private company limited by shares and incorporated in England. Its registered office is:

FIRD Secreteriate

43-45 Coldharbour Lane, Suit 2, Camberwell London SE5 9NR

NUST TRUST FOUNDATION UK

Detailed surplus account for the year ended 31 December 2024

This schedule does not form part of the statutory accounts

Donation Administrative expenses Other operating income Operating surplus surplus before tax	2024 £ 48,734 (578) 213 48,369 48,369	2023 £ 10,000 (500) 26 9,526 9,526

NUST TRUST FOUNDATION UK

Detailed surplus account for the year ended 31 December 2024

This schedule does not form part of the statutory accounts

Donation Donation Administrative expenses General administrative expenses: Bank charges Legal and professional costs: Accountancy fees Other operating income Other operating income	2024 £ 48,734 78 78 500 500 578 213	2023 £ 10,000 - - 500 500 500 26

CHARITY COMMISSION Trustees, Annual Report for the period Fiom (staii dèle) 10 lend datel Section A Reference and administration detai15 Chaiity name Nust Trust Foundation UK Othei natne5 the Ihaiity 15 known by NIA Registered Iharity nurnbei lif any) Charity's prin<ipal address FIRD Secreteriate 4345 Coldharbour Lane Suit Camberwe LOND P051code Name5 of the charity Iru51ees who rnanage the Ihaiity liuslee Name Dates ac¢ed il not for whole year Name of peison lor body) entitled to appoint trustee lil any) office {il any Ms Syeda Arooba Bilal Hussain Mr Israr Ahmed Mr Aun Ali Syed Mr Zeeshan Mehmood Mr Rao Sabir Ali Khan Mr Toaha Qureshi Ilani 10 14 15 16 18 19 20 Names of the trustees lor the charity. if any (foi example. atby Custodian tiustee51 Narne Date5 a(led if not foi whole year TAR Maich 2012

Section A Reference and administration details (continued) Names and addresses ol adviseis {optional informalionl Type of adviser Name Address Name of chief exeiutive or names of senior slaff members lo tional infoimationl Section B Structure, governance and management Type ol goveining documenl leg trust deed. constitution Scheme Ordered by The Charity Commission Since 02 How Ihe Ihaiity 15 constituted leg Iiusl. asso(ialion, companv) wstees Tiusiee selection melhods leg appointed by, elected by) ppoinled by trustees al special meeting Additional governance issue5 loplional inlorrnalion You may choose lo include additional inlortnalion, where ielevani, aboul.. pollties and procedures adopied loi ihe induction and training ol Iiuslees.. the (haiily s oiganisalional structure and any widei network wilh which the charity works,. Iiusiees, consideration ol majoi risks and Ihe syslem and pioceduies to rnanage Ihem. TAR Maich 2012

Section C Objectives and activities Summaiy ol the objec15 01 the charily sel out in its governin9 doiumenl Refar to the Scheme Goveming the Gharity Sutnffl3ry ol the main aitivitie5 undeiièken loi Ihe public benefit in ielaiion lo these objects (include within this section the statutory decl3ration that trustee5 have had fegaid 10 the guidante issued by Ihe Charity Comrnission on publii benehll dvancement of Islamic religion by the provision of Mosque. dvancement of Islamic education for both children and dults. Promotion of religious harmony beeen Muslims and other mmunities. Additional details ol objective5 and activities loplional inlormalion) You may choose to include further staiemenis, whefe ielevani, aboul-. poliiy on giènirnakin9.' policy progfèmme relaied Invesimefil.. (onliibulion made by VolunteS. Section D Achievements and performance Sumtnary ol Ihe tnain a<hievetnent5 01 Ihe charily durin9 the year No activity took place during this year. TAR Maich 2012

Section E Financial feview Brief siaiernenl ol the charity's poliiy on reseives At the end of the year, the cash balance is £58896,It is always maintained to have at least £10000 Details ol any funds ffl3lerially in dehiit You may choose lo include additional Inlorrnaiion, whefe ielevani, aboul-. Ihe chaiity's prin(ipal souices ol funds how expenditure has supporled the kev invesimeni poliiy and objeilives iniludin9 any ethical Investment poli(y adopled. Section F other optional infoimation Section G Declaiation Signed on behalf ol Ihe charity's tiustees Signaluiels) Full natnel5) Toaha Qureshi MBE Position leg 5eiretsry, Chaii, etc} Secretary Date TAR Maich 2012

Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Report to the trustees Charity Name NUST TRUST FOUNDATION UK On accounts for the year 31/12/2025 Charity no 1187170 ended (if any) Set out on pages 1-11 (remember to include the page numbers of additional sheets)

Report to the trustees

I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended DD / MM / YYYY .

Responsibilities and As the charity's trustees, you are responsible for the preparation of the basis of report 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 2011 Act and in carrying out my examination, I have followed all the 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 (other than that disclosed below *) which gives me cause to believe that in, any material respect:

the accounting records were not kept in accordance with section 130 of the Charities Act; or
the accounts did not accord with the accounting records; or
the accounts did 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.

Please delete the words in the brackets if they do not apply.

Signed:

Date: 25/10/2025

Name: SYED MOHEUDDIN

Relevant professional HMRC qualification(s) or body

Oct 2018

IER

(if any):

Address: 101 Whitechapel High Street, 4th Floor, London, England E1 7RA

Section B Disclosure

Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).

Give here brief details of any items that the examiner wishes to disclose .

Oct 2018

IER