The Trustees have pleasure in presenting their report and unaudited financial statements of the Charity for the year ended 30 April 2024.
## Registered charity name: **KHADIJATUL KUBRA TRUST**
Charity registration number: **1202989**
Registered Office:
3 Dore Road Leicester Leicestershire LE5 5HG
## Trustees:
1. Mohammed Nurul Karim
2. Mohammed Nurul Amin
3. Mohammed Joynal Abedin
4. Shuaib Ahmed Chowdhury
5. Syful Islam
## **Use of Volunteers**
The volunteers are an integral part of our faith-based activities and community work. From fundraising activities to managing events, our volunteers play a vital role in running this organization. Additionally, all our trustees offer their time free. We encourage all members to get involved. The volunteers who work with projects delivered for children or vulnerable groups are CRB-checked.
## **Independent Examiner: SA Accounts Practice**
123 Moorland Road Stoke-On-Trent Staffs ST6 1JH
## Governing document
Khadijatul Kubra Trust is a charitable Incorporated Organization ("the CIO"), It is governed by a deed of trust.
## **Organizational structure**
The charity trustees are responsible for general control and management of the charity. The trustees give their time freely and receive no remuneration, other financial incentives, or benefits.
The trustees meet monthly and are responsible for all decisions taken in relation to the running of the Mosque and the Centre facilities, and the activities offered by the charity. To assist in the smooth running of the charity, the trustees have set up a number of sub-committees that help them oversee certain aspects of the charity’s work. The Sub-committees are currently set up for Education and the day-to-day management of the building. They meet six times a year, on an alternate month to each other. They are accountable to the board of trustees and report back to them on a regular basis. The treasurer reports to the trustees, exercises internal financial control, prepares yearly financial reports for the community, and collaborates with the independent reviewer.
## **Our Vision**
**Our vision is to see a world of God's consciousness, respect, dignity and justice.**
**Our mission is to Serve, Educate and Inspire.**
## **Our Values:**
We are the Peaceful Community who will always strive to:
- Live by the teachings of the Quran & the ‘Messengers’ sayings & actions
- Demonstrate selflessness, integrity, truthfulness, forgiveness, humility& modesty
- Treat each other and all people with respect, fairness and justice
- Continually acquire knowledge, learn and improve ourselves and help others to do the same
- Take responsibility, work as a team, build relationships and partnerships based on doing the right thing
- Have energy, enthusiasm, and the courage to lead.
## **We aim to:**
- Focus on the needs of the diverse Muslim community whilst ensuring services are open to all.
- Meet the needs of the local community by promoting health, education and employment opportunities.
- Provide Muslims and non-Muslims with the opportunity to learn and understand Islam, through dialogue,
- discussion and social interaction.
- Contribute to the social, cultural, spiritual and economic enhancement of the whole community, through
- policy and strategy development and service.
## **Serving the Community, Working in Partnership**
The KKT is in the heart of Historical and the Fine town of Leicester, A town with a rich history, and a welcoming home to diverse Communities. We believe that our primary concern should be to serve the needs of the local community and
to work towards the common good. In recent years there have been noticeable improvements in the Historical and fine town of Leicester in education, health provision, environment, and community cohesion. Our partnerships with Leicester Council, Interfaith Forum Leicester, Leicester Police, neighbourhood Watch and Other Community Organisations have helped us to contribute towards these improvements. This builds on the very foundation of the mosque: a coming together of distinguished Muslims and non-Muslims to create the KKT.
## **Youth and Women: Encouraging Participation**
The KKT currently offers a range of services that enable young people and women to engage in a positive and safe environment. We have the youngest congregations as well as Women's Congregation, but our existing facilities restrict us from allowing our Women, Youngsters and Children.
The new facilities will allow women and Children to access relevant services in a culturally sensitive environment, including counselling services, special events, social support, training and fitness; some of these activities are offered in partnership with local community organisations. The ethos of the KKT is to provide choice and to empower sections of our community who may feel isolated from mainstream services. The centre will provide young people the 'space' to meet and take part.
The purpose is to establish an Islamic Community Centre which will be a community hub for Muslims as well as NonMuslims in Leicester. The initial aims of the project include:
## **Development of Islamic Education and True Knowledge according to the Teachings of the Quran**
The Centre regularly organises the following activities to promote true Islamic knowledge and ethics which have been helping to uphold Islamic Cultures and good values which include:
- Weekend Islamic School for Children
- Seminars
- Lectures
- Conferences
- Tea Parties
- Coffee Mornings
- School Visits for local schools
- And more.
## **Multi faith activities and Community relations**
Continue to strengthen relationships with the wider community and enhance communication in order to create a stronger community. This will be achieved by co ordinating with other local faith organisations and faith groups. We have been working with local Authorities, Local Police, Fire Services, Probation Services, and other Voluntary Organisations.
## **Public Health Awareness and Counselling**
The Centre always helps to create support groups for men and women. It has been providing counselling for a variety of issues which consist of bereavement, anxiety, depression, family issues etc.
It also helps to facilitate preventative health awareness courses in partnership with local NHS and other charity organisations.
## **Youth Facilities**
The organisation of social and sports activities inside and outside the Centre with special attention to the needs of the youth in our community.
Youth Clubs for boys and girls will also be established to create a healthier future generation and good citizens.
## **KHADIJATUL KUBRA TRUST**
**Charity No. 1202989**
**Company No.**
**Trustees' Report and Unaudited Accounts**
**30 April 2024**
**KHADIJATUL KUBRA TRUST Contents**
||Pages||
|---|---|---|
|Trustees' Annual Report||1|
|Statement of Financial Activities||2|
|Summary Income and Expenditure Account||3|
|Balance Sheet||4|
|Statement of Cash flows||5|
|Notes to the Accounts||6|
|Detailed Statement of Financial Activities|7|to|
Page 1
**KHADIJATUL KUBRA TRUST Trustees Annual Report**
CHARITY
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 30 April 2024.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Company No.**
## **Charity No. 1202989**
## **Registered Office**
3 Dore Road Leicester LE5 5HG
## **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:
M.J. ABEDIN M.N. AMIN S.A. CHOWDHURY S. ISLAM M.N. KARIM
## **Accountants**
SA ACCOUNTS PRACTICE 123 MOORLAND ROAD STOKE-ON-TRENT STAFFS ST6 1JH
## **OBJECTIVES AND ACTIVITIES**
The purpose of the charity as set out in its governing document To advance the Islamic faith in Leicester and surrounding areas for the benefit of the public through the holding of daily prayers, encouraging social harmony, lectures, teaching in accordance with the doctrines of the Quran ( most revered ) and Sunnah ( Hadith ), production and distribution of literatures on the Islamic faith enlighten others about the Islamic principles and values.
The main activities undertaken in relation to those purposes To advance the Islamic faith in Leicester and surrounding areas for the benefit of the public through the holding of daily prayers, encouraging social harmony, lectures, teaching in accordance with the doctrines of the Quran ( most revered ) and Sunnah ( Hadith ), production and distribution of literatures on the Islamic faith enlighten others about the Islamic principles and values.
Page 2
**KHADIJATUL KUBRA TRUST Trustees Annual Report**
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.A. CHOWDHURY
Trustee 30 April 2024
Page 3
**KHADIJATUL KUBRA TRUST Statement of Financial Activities for the year ended 30 April 2024**
|**Notes**
**Income and endowments**
**from:**
Donations and legacies
3
**Total**
**Expenditure on:**
Other
4
**Total**
Net gains on investments
**Net income**
Transfers between funds
**Net income before other**
**gains/(losses)**
**Other gains and losses**
**Net movement in funds**
**Reconciliation of funds:**
**Total funds carried forward**|**Unrestricted**
**funds**
**2024**
**£**
43,673|**Total funds**
**2024**
**£**
43,673|
|---|---|---|
||43,673
12,102|43,673
12,102|
||12,102
-|12,102
-|
||31,571
-|31,571
-|
||31,571|31,571|
||31,571|31,571|
||31,571|31,571|
Page 4
**KHADIJATUL KUBRA TRUST Summary Income and Expenditure Account**
## **for the year ended 30 April 2024**
|Income
**Gross income for the year**
Expenditure
**Total expenditure for the year**
Net income before tax for the year
**Net income for the year**|**2024**
**£**
43,673|
|---|---|
||43,673|
||12,102|
||12,102|
||31,571|
||31,571|
Page 5
**KHADIJATUL KUBRA TRUST Balance Sheet**
## **at 30 April 2024**
|**at 30 April 2024**|||
|---|---|---|
|**Company No.**|**Notes**|**2024**|
|||**£**|
|**Current assets**|||
|Cash at bank and in hand||31,571|
|||31,571|
|**Net current assets**||31,571|
|**Total assets less current liabilities**||31,571|
|**Net assets excluding pension asset or liability**||31,571|
|**Total net assets**||31,571|
|**The funds of the charity**|||
|**Restricted funds**|6||
|**Unrestricted funds**|6||
|General funds||31,571|
|||31,571|
|**Reserves**|6||
|**Total funds**||31,571|
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 30 April 2024 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 30 April 2024
And signed on its behalf by:
S.A. CHOWDHURY Trustee 30 April 2024
Page 6
**KHADIJATUL KUBRA TRUST Notes to the Accounts**
## **for the year ended 30 April 2024**
- 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 7
**KHADIJATUL KUBRA TRUST Notes to the Accounts**
## **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.
## **Freehold investment property**
Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.
## **Stocks**
Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.
## **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 8
**KHADIJATUL KUBRA TRUST Notes to the Accounts**
## **Research and development**
Expenditure on research and development is written off in the year in which it is incurred.
## **Foreign currencies**
Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period.
Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.
All exchange differences are are taken into account in arriving at net income/expenditure.
## **Leased assets**
Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.
Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.
Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.
Assets held under finance leases are depreciated in the same way as owned assets.
Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.
## **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 9
**KHADIJATUL KUBRA TRUST**
## **Notes to the Accounts**
## 3 **Income from donations and legacies**
|4
**Other expenditure**
Premises costs
General administrative costs
Legal and professional costs
5
**Staff costs**
No employee received emoluments in excess of £60,000.
6
**Movement in funds**
**Restricted funds:**
**Unrestricted funds:**
**General funds**
**Total funds**
7
**Analysis of net assets between funds**
Net current assets|**Unrestricted**
**£**
43,673
43,673
**Unrestricted**
**£**
1,702
400
10,000
12,102
**Incoming**
**resources**
**(including**
**other**
**gains/losses**
**)**
**£**
43,673
43,673|**Total**
**2024**
**£**
43,673
43,673
**Total**
**2024**
**£**
1,702
400
10,000
12,102
**Resources**
**expended**
**£**
(12,102)
(12,102)
**Unrestricted**
**funds**
**£**
31,571
31,571|**At 30 April**
**2024**
**£**
31,571|
|---|---|---|---|
||||31,571|
||||**Total**
**£**
31,571|
||||31,571|
Page 10
**KHADIJATUL KUBRA TRUST Notes to the Accounts**
- 8 **Reconciliation of net debt**
|Cash and cash equivalents
Net debt|**Cash flows**
**£**|**At 30 April**
**2024**
**£**|
|---|---|---|
||31,571|31,571|
||31,571
31,571|31,571|
|||31,571|
- 9 **Related party disclosures** _**Controlling party**_
The company is limited by guarantee and has no share capital; thus no single party controls the company.
Page 11
**KHADIJATUL KUBRA TRUST Detailed Statement of Financial Activities**
## **for the year ended 30 April 2024**
|**Income and endowments from:**
Donations and legacies
**Total income and endowments**
**Expenditure on:**
Premises costs
Light, heat and power
General administrative costs,
including depreciation and
amortisation
Bank charges
Software, IT support and related
costs
Sundry expenses
Legal and professional costs
Other legal and professional
costs
**Total of expenditure of other costs**
**Total expenditure**
Net gains on investments
**Net income**
**Net income before other**
**gains/(losses)**
Other Gains
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**funds**
**2024**
**£**
43,673
43,673
43,673
1,702
1,702
38
316
46
400
10,000
10,000
12,102
12,102
-
31,571
31,571
-
31,571
-
31,571|**Total funds**
**2024**
**£**
43,673|
|---|---|---|
|||43,673|
|||43,673
1,702|
|||1,702|
|||38
316
46|
|||400|
|||10,000|
|||10,000|
||||
|||12,102|
|||12,102
-|
|||31,571|
|||31,571
-|
|||31,571|
|||-|
|||31,571|
Page 12
## **KHADIJATUL KUBRA TRUST**
**Charity No. 1202989**
**Company No.**
**Trustees' Report and Unaudited Accounts**
**30 April 2024**
**KHADIJATUL KUBRA TRUST Contents**
||Pages||
|---|---|---|
|Trustees' Annual Report||1|
|Statement of Financial Activities||2|
|Summary Income and Expenditure Account||3|
|Balance Sheet||4|
|Statement of Cash flows||5|
|Notes to the Accounts||6|
|Detailed Statement of Financial Activities|7|to|
Page 1
**KHADIJATUL KUBRA TRUST Trustees Annual Report**
CHARITY
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 30 April 2024.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Company No.**
## **Charity No. 1202989**
## **Registered Office**
3 Dore Road Leicester LE5 5HG
## **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:
M.J. ABEDIN M.N. AMIN S.A. CHOWDHURY S. ISLAM M.N. KARIM
## **Accountants**
SA ACCOUNTS PRACTICE 123 MOORLAND ROAD STOKE-ON-TRENT STAFFS ST6 1JH
## **OBJECTIVES AND ACTIVITIES**
The purpose of the charity as set out in its governing document To advance the Islamic faith in Leicester and surrounding areas for the benefit of the public through the holding of daily prayers, encouraging social harmony, lectures, teaching in accordance with the doctrines of the Quran ( most revered ) and Sunnah ( Hadith ), production and distribution of literatures on the Islamic faith enlighten others about the Islamic principles and values.
The main activities undertaken in relation to those purposes To advance the Islamic faith in Leicester and surrounding areas for the benefit of the public through the holding of daily prayers, encouraging social harmony, lectures, teaching in accordance with the doctrines of the Quran ( most revered ) and Sunnah ( Hadith ), production and distribution of literatures on the Islamic faith enlighten others about the Islamic principles and values.
Page 2
**KHADIJATUL KUBRA TRUST Trustees Annual Report**
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.A. CHOWDHURY
Trustee 30 April 2024
Page 3
**KHADIJATUL KUBRA TRUST Statement of Financial Activities for the year ended 30 April 2024**
|**Notes**
**Income and endowments**
**from:**
Donations and legacies
3
**Total**
**Expenditure on:**
Other
4
**Total**
Net gains on investments
**Net income**
Transfers between funds
**Net income before other**
**gains/(losses)**
**Other gains and losses**
**Net movement in funds**
**Reconciliation of funds:**
**Total funds carried forward**|**Unrestricted**
**funds**
**2024**
**£**
43,673|**Total funds**
**2024**
**£**
43,673|
|---|---|---|
||43,673
12,102|43,673
12,102|
||12,102
-|12,102
-|
||31,571
-|31,571
-|
||31,571|31,571|
||31,571|31,571|
||31,571|31,571|
Page 4
**KHADIJATUL KUBRA TRUST Summary Income and Expenditure Account**
## **for the year ended 30 April 2024**
|Income
**Gross income for the year**
Expenditure
**Total expenditure for the year**
Net income before tax for the year
**Net income for the year**|**2024**
**£**
43,673|
|---|---|
||43,673|
||12,102|
||12,102|
||31,571|
||31,571|
Page 5
**KHADIJATUL KUBRA TRUST Balance Sheet**
## **at 30 April 2024**
|**at 30 April 2024**|||
|---|---|---|
|**Company No.**|**Notes**|**2024**|
|||**£**|
|**Current assets**|||
|Cash at bank and in hand||31,571|
|||31,571|
|**Net current assets**||31,571|
|**Total assets less current liabilities**||31,571|
|**Net assets excluding pension asset or liability**||31,571|
|**Total net assets**||31,571|
|**The funds of the charity**|||
|**Restricted funds**|6||
|**Unrestricted funds**|6||
|General funds||31,571|
|||31,571|
|**Reserves**|6||
|**Total funds**||31,571|
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 30 April 2024 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 30 April 2024
And signed on its behalf by:
S.A. CHOWDHURY Trustee 30 April 2024
Page 6
**KHADIJATUL KUBRA TRUST Notes to the Accounts**
## **for the year ended 30 April 2024**
- 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 7
**KHADIJATUL KUBRA TRUST Notes to the Accounts**
## **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.
## **Freehold investment property**
Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.
## **Stocks**
Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.
## **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 8
**KHADIJATUL KUBRA TRUST Notes to the Accounts**
## **Research and development**
Expenditure on research and development is written off in the year in which it is incurred.
## **Foreign currencies**
Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period.
Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.
All exchange differences are are taken into account in arriving at net income/expenditure.
## **Leased assets**
Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.
Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.
Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.
Assets held under finance leases are depreciated in the same way as owned assets.
Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.
## **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 9
**KHADIJATUL KUBRA TRUST**
## **Notes to the Accounts**
## 3 **Income from donations and legacies**
|4
**Other expenditure**
Premises costs
General administrative costs
Legal and professional costs
5
**Staff costs**
No employee received emoluments in excess of £60,000.
6
**Movement in funds**
**Restricted funds:**
**Unrestricted funds:**
**General funds**
**Total funds**
7
**Analysis of net assets between funds**
Net current assets|**Unrestricted**
**£**
43,673
43,673
**Unrestricted**
**£**
1,702
400
10,000
12,102
**Incoming**
**resources**
**(including**
**other**
**gains/losses**
**)**
**£**
43,673
43,673|**Total**
**2024**
**£**
43,673
43,673
**Total**
**2024**
**£**
1,702
400
10,000
12,102
**Resources**
**expended**
**£**
(12,102)
(12,102)
**Unrestricted**
**funds**
**£**
31,571
31,571|**At 30 April**
**2024**
**£**
31,571|
|---|---|---|---|
||||31,571|
||||**Total**
**£**
31,571|
||||31,571|
Page 10
**KHADIJATUL KUBRA TRUST Notes to the Accounts**
- 8 **Reconciliation of net debt**
|Cash and cash equivalents
Net debt|**Cash flows**
**£**|**At 30 April**
**2024**
**£**|
|---|---|---|
||31,571|31,571|
||31,571
31,571|31,571|
|||31,571|
- 9 **Related party disclosures** _**Controlling party**_
The company is limited by guarantee and has no share capital; thus no single party controls the company.
Page 11
**KHADIJATUL KUBRA TRUST Detailed Statement of Financial Activities**
## **for the year ended 30 April 2024**
|**Income and endowments from:**
Donations and legacies
**Total income and endowments**
**Expenditure on:**
Premises costs
Light, heat and power
General administrative costs,
including depreciation and
amortisation
Bank charges
Software, IT support and related
costs
Sundry expenses
Legal and professional costs
Other legal and professional
costs
**Total of expenditure of other costs**
**Total expenditure**
Net gains on investments
**Net income**
**Net income before other**
**gains/(losses)**
Other Gains
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**funds**
**2024**
**£**
43,673
43,673
43,673
1,702
1,702
38
316
46
400
10,000
10,000
12,102
12,102
-
31,571
31,571
-
31,571
-
31,571|**Total funds**
**2024**
**£**
43,673|
|---|---|---|
|||43,673|
|||43,673
1,702|
|||1,702|
|||38
316
46|
|||400|
|||10,000|
|||10,000|
||||
|||12,102|
|||12,102
-|
|||31,571|
|||31,571
-|
|||31,571|
|||-|
|||31,571|
Page 12