Registered number 328715
## KHATME NUBUWWAT CENTRE
Report and Accounts
31 March 2024
## **KHATME NUBUWWAT CENTRE Company Information**
## **Trustees**
Mr TOAHA QURESHI MBE Mr Mohammed Aslam Mr Israr Ahmed Mr Umar Mahmood Qureshi Mr Mohammed Yahya Batha Mr SAAD MAHMOOD QURESHI
## **Accountants**
HNH Consultants LTD 101 Whitechapel High Street 4th Floor London E1 7RA
## **Registered office**
35 STOCKWELL GREEN London SW9 9HZ
**Registered number** 328715
1
**KHATME NUBUWWAT CENTRE Registered number: 328715 Trustees' Report**
The trustees present their report and accounts for the year ended 31 March 2024.
The financial statements have been prepared in accordance with the accounting policies set out on page 3 and comply with the charity's trust deed applicable law.
## **Principal activities**
The company's principal activity during the year continued to be EDUCATION, WELFARE, & TRAINING.
## **Constitution objects and policies**
The Khatme Nubuwwat Centre 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.
## **Trustees**
The following persons served as trustees during the year:
Mr TOAHA QURESHI MBE Mr Mohammed Aslam Mr Israr Ahmed Mr Umar Mahmood Qureshi Mr Mohammed Yahya Batha Mr SAAD MAHMOOD 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 11 July 2024 and signed on its behalf.
Mr TOAHA QURESHI MBE Trustee
2
**KHATME NUBUWWAT CENTRE Registered number: 328715 Trustees' Report**
The trustees present their report and accounts for the year ended 31 March 2024.
## **Activities during the financial year**
Community Eid Reception - 2 July 2023
KNC supported an Eid reception hosted by the Mayor of Lambeth Cllr Sarbaz Barznji at the Mayor's Parlour. The reception welcomed people from all backgrounds and included speeches from faith leaders, Lambeth Police, Lambeth Council, community leaders and more. Recognition of Service to Humanity - 18 August 2023
KN Centre was recognised by global charity Islamic Relief for "dedication, commitment, and service to humanity" at an appreciation ceremony in London.
Remembrance Sunday - 12 November 2023
KN Centre supported a Remembrance Sunday service in Windrush Square, Lambeth where Muslim, Jewish, Christian and other faiths were represented. KN Centre spoke alongside Lambeth MPs and faith leaders.
Islamophobia Awareness Exhibition and Conference - 8 December 2023
KN Centre supported and arranged the Islamophobia Awareness Exhibition and Conference 2023 which was led by the Lambeth Muslim Council. Speakers included Council Leader Cllr Claire Holland, Council CEO Bayo Dosunmu, Umar Mahmood, Superintendent Gabriel Cameron, Bell Ribeiro-Addy MP and more.
Annual Finality of Prophethood Conference - 10 December 2023
The Finality of Prophethood Conference was held with speakers from across the UK to provide information on the boundaries of Islam and pass on knowledge of key elements of the faith,
3
**KHATME NUBUWWAT CENTRE Registered number: 328715 Trustees' Report**
The trustees present their report and accounts for the year ended 31 March 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:
## **lllallah**
## **Rental 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;
- State whether applicable accounting standards and statements of recommended practice have been follwed subject to any departures disclosed and explained in the fianancial stateemnt; and
- Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
4
## **KHATME NUBUWWAT CENTRE Registered number: 328715 Trustees' Report**
The trustees present their report and accounts for the year ended 31 March 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:
Mr Toaha Qureshi MBE
Mr Mohammed Aslam Mr Israr Ahmed Mr Umar Mahmood Qureshi Mr Mohammed Yahya Mr Saad Mahmood Qureshi
This report was approved by the board on 11 July 2024 and signed on its behalf.
Mr TOAHA QURESHI MBE Trustee
5
## **KHATME NUBUWWAT CENTRE Accountants' Report**
## **Accountants' report to the directors of KHATME NUBUWWAT CENTRE**
You consider that the company is exempt from an audit for the year ended 31 March 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
11 July 2024
6
## **KHATME NUBUWWAT CENTRE Surplus Account for the year ended 31 March 2024**
|**Donation**
Administrative expenses
Other operating income
**Operating (loss)/profit**
**(Loss)/profit before taxation**
Tax on (loss)/profit
**(Loss)/profit for the financial year**
Balance From Previous Year
Balance Carried Forward|**2024**
**£**
20,114
(70,902)
35,850
(14,938)
(14,938)
-
(14,938)
268,751
253,813|**2023**
**£**
23,853
(46,530)
28,750
6,073
6,073
-
6,073
262,678
268,751|
|---|---|---|
7
|**KHATME NUBUWWAT CENTRE**|**KHATME NUBUWWAT CENTRE**|||||
|---|---|---|---|---|---|
|**Registered number:**||328715||||
|**Balance Sheet**||||||
|**as at 31 March 2024**||||||
||**Notes**||**2024**||**2023**|
||||**£**||**£**|
|**Fixed assets**||||||
|Tangible assets|3||232,377||230,504|
|**Current assets**||||||
|Cash at bank and in hand||23,766||39,015||
|**Creditors: amounts falling due**|**Creditors: amounts falling due**|||||
|**within one year**|4|(2,330)||(768)||
|**Net current assets**|||21,436||38,247|
|**Net assets**|||253,813||268,751|
|**Capital and reserves**||||||
|Trustees Fund|||262,527||262,527|
|Surplus account|||(8,714)||6,224|
|**Trustees' funds**|||253,813||268,751|
The trustees 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.
Mr TOAHA QURESHI MBE Trustee Approved by the board on 11 July 2024
8
**KHATME NUBUWWAT CENTRE Notes to the Accounts for the year ended 31 March 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.
9
## **KHATME NUBUWWAT CENTRE Notes to the Accounts for the year ended 31 March 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**
10
1
1
## **KHATME NUBUWWAT CENTRE Notes to the Accounts for the year ended 31 March 2024**
Average number of persons employed by the company
|
**3**
**Tangible fixed assets**
**Cost**
At 1 April 2023
Additions
At 31 March 2024
**Depreciation**
At 31 March 2024
**Net book value**
At 31 March 2024
At 31 March 2023
**4**
**Creditors: amounts falling due within one year**
Taxation and social security costs|**2024**
**£**
2,330|**Plant and**
**machinery**
**etc**
**£**
230,504
1,873
232,377
-
232,377
230,504
**2023**
**£**
768|
|---|---|---|
## **5 Other information**
KHATME NUBUWWAT CENTRE is a private company limited by shares and incorporated in England. Its registered office is:
35 STOCKWELL GREEN
London SW9 9HZ
11
## **KHATME NUBUWWAT CENTRE**
## **Detailed surplus account for the year ended 31 March 2024**
_This schedule does not form part of the statutory accounts_
|**Donation**
Administrative expenses
Other operating income
**Operating (loss)/surplus**
**(Loss)/surplus before tax**|**2024**
**£**
20,114
(70,902)
35,850
(14,938)
(14,938)|**2023**
**£**
23,853
(46,530)
28,750
6,073
6,073|
|---|---|---|
12
## **KHATME NUBUWWAT CENTRE**
## **Detailed profit and loss account for the year ended 31 March 2024**
_This schedule does not form part of the statutory accounts_
|**Sales**
Donation
**Administrative expenses**
Employee costs:
Wages and salaries
Temporary staff and recruitment
Motor expenses
Entertaining
Premises costs:
Rates
Light and heat
Cleaning
General administrative expenses:
Stationery and printing
Information and publications
Insurance
Equipment expensed
Repairs and maintenance
Legal and professional costs:
Advertising and PR
**Other operating income**
Other operating income|**2024**
**£**
20,114
20,000
2,668
890
183
23,741
699
16,256
3,106
20,061
180
-
1,047
-
25,841
27,068
32
32
70,902
35,850|**2023**
**£**
23,853
13,333
-
264
-
13,597
-
21,760
1,730
23,490
-
245
980
2,197
6,021
9,443
-
-
46,530
28,750|
|---|---|---|
13
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4 3 3 2024
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Charity name KHATME NUBUWWAT CENTRE
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Other names charity is known by N/A �� � �
Registered charity number (if any) � |328715 � � �
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Trustees Name
ame Toaha Qureshi MBE a
Mohammed Aslam
a ae EY(
a[vemwnsweedPP Israr Ahmed
Umar Mahmood Qureshi
of learn a Pn
5 Mohammed Yahya Batha a
6 Saad Mahmood Qureshi
[|]
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Names and addresses of advisers (Optional inforniation)
e of adviser
Name
Address
Name of chief executive or names of senior slaff members (Optional information)
Section B
Structure,
overnance and mana
ement
Description of the charity's trusts
SCHEME ordered by The Charity Comrr5issK)n since 02 February 2018
Type of goveming document
How the diartty is constituted
Trustees
Tnjstee selection methods
Appointed by trusiees at a speoal meeting.
Additlonal governance issues (Optional inforniatlon)
You may choose to include
additional information. where
relevant, about:
policies and prOdureS
adopted for the inducAion and
training of trustees.
the CharitS organisational
structure and any wider
network with which the charity
works:
Telationship with any related
trustees. consideration
major risks and the system
and procedures to manage
them.
Section C
Ob"ectives and activities
Refer to the Scfieme governing the tharity
Summary of the objects of the
charity set out in its
governing document
TAR
Marth 2012
Advanlxnert of Islam religion by the provision of Mosque.
Advanrnent of Islam educat for Lmjth dk1 and adutt&
Summary of the main
activities undertaken for the
public benefft in relation to
these objects (include withln
this section the statutory
declaration that trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefrt)
You may choose to indude
further ststements. where
relevant. about:
p(Aicy on grdntmakir¥J:
' p(Aicy programme related
investmen(
contributton made by
volunteers.
TAR
Marth 2012
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Activities during the financial year Community Eid Reception - 2 July 2023 KNC supported an Eid reception hosted by the Mayor of Lambeth Cllr Sarbaz Barznji at the Mayor's Parlour. The reception welcomed people from all backgrounds and included speeches from faith leaders, Lambeth Police, Lambeth Council, community leaders and more. Recognition of Service to Humanity - 18 August 2023
KN Centre was recognised by global charity Islamic Relief for "dedication, commitment, and service to humanity" at an appreciation ceremony in London. Remembrance Sunday - 12 November 2023
KN Centre supported a Remembrance Sunday service in Windrush Square, Lambeth where Muslim, Jewish, Christian and other faiths were represented. KN Centre spoke alongside Lambeth MPs and faith leaders. Islamophobia Awareness Exhibition and Conference - 8 December 2023 KN Centre supported and arranged the Islamophobia Awareness Exhibition and Conference 2023 which was led by the Lambeth Muslim Council. Speakers included Council Leader Cllr Claire Holland, Council CEO Bayo Dosunmu, Umar Mahmood, Superintendent Gabriel Cameron, Bell Ribeiro-Addy MP and more.
Annual Finality of Prophethood Conference - 10 December 2023
The Finality of Prophethood Conference was held with speakers from across the UK to provide information on the boundaries of Islam and pass on knowledge of key elements of the faith, primarily that Prophet Muhammad (pbuh) is the final messenger of Islam.
**����**
At the end of the period the cash balance was £23,766.00 and it is always maintained to remain at £10,000.
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2-09 2
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31 March 2024
| report to the trustees on my examination of the accounts of the above charity for the year ended 3 **`03`** 202... As the trustees of HATME NUBUWWAT CENTREa charity governed by a scheme ordered by the Charity Commission, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011. | report n respect of my examination of the Trust’s ccounts carried out under section 145 of the 011 Act and n carrying out my examination, |
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12/09/2024
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Address: | 101, Whitechapel High
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Street London
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E17RA
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Section B
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## 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.\"
IER
2
Oct 2018