ABU BAKR AND ZAKERIYA MEMORIAL CHARITABLE TRUST
To relieve persons, whether or not they are resident or temporarily located in Uganda, United Kingdom, India or any other countries agreed by the Trustees, but in particular widows and children who are in conditions of need, hardship or distress as a result of local, national or international disaster or by reason of their social and economic circumstances,To further the education of students.
Objects
THE OBJECTS OF THE TRUST ARE:TO RELIEVE PERSONS, WHETHER OR NOT THEY ARE RESIDENT OR TEMPORARILY LOCATED IN UGANDA, UNITED KINGDOM, INDIA OR ANY OTHER COUNTRIES AGREED BY THE TRUSTEES, BUT IN PARTICULAR WIDOWS AND CHILDREN WHO ARE RESIDENT IN UGANDA, UNITED KINGDOM, OR INDIA, WHO ARE IN CONDITIONS OF NEED, HARDSHIP OR DISTRESS AS A RESULT OF LOCAL, NATIONAL OR INTERNATIONAL DISASTER OR BY REASON OF THEIR SOCIAL AND ECONOMIC CIRCUMSTANCES, AND(2) TO FURTHER THE EDUCATION (INCLUDING SOCIAL AND PHYSICAL TRAINING) OF STUDENTS ATTENDING SCHOOLS AND OTHER EDUCATIONAL ESTABLISHMENTS IN THE COUNTRIES OF UGANDA, UNITED KINGDOM, INDIA OR ANY OTHER COUNTRIES CHOSEN BY THE TRUSTEES. (PLEASE SEE COPY OF THE DEED ON FILE FOR DETAILS).
Financial health, per its FY2025 accounts
The accounts state that total unrestricted funds decreased from £718,902 to £662,717 due to net expenditure exceeding income. The charity holds tangible fixed assets valued at £290,783 and has no stated reserves policy target. The independent examiner confirmed that no material matters came to attention during the examination.
What the accounts disclose
“Included within other debtors are the following amounts due to the charity from related parties: 1). Lomax Ventures Limited owed the charity £145,000 (2024: £145,000). Mr N H Karbani is a director and shareholder of this company.” — page 12
“2). Akin Investments Limited owed the charity £182,500 (2024: £225,000). Mr N H Karbani is a director and shareholder of this company.” — page 12
“Included within other debtors are the following amounts due to the charity from related parties: 1). Lomax Ventures Limited owed the charity £145,000 (2024: £145,000). Mr N H Karbani is a director and shareholder of this company.” — page 12
“2). Akin Investments Limited owed the charity £182,500 (2024: £225,000). Mr N H Karbani is a director and shareholder of this company.” — page 12
Policies the charity declares
- Complaints handling
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Investment
- Paying staff
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Volunteer management
Trustees
- NASIMUL HAQUE KARBANI
- ZARINA KARBANI
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 05/04/2025 | £92k | £148k |
| 05/04/2024 | £116k | £162k |
| 05/04/2023 | £180k | £116k |
| 05/04/2022 | £126k | £123k |
| 05/04/2021 | £213k | £133k |
Common questions
Is ABU BAKR AND ZAKERIYA MEMORIAL CHARITABLE TRUST financially healthy?
Per its FY2025 accounts: The accounts state that total unrestricted funds decreased from £718,902 to £662,717 due to net expenditure exceeding income. The charity holds tangible fixed assets valued at £290,783 and has no stated reserves policy target. The independent examiner confirmed that no material matters came to attention during the examination. Its FY2025 accounts were independently examined.