CFR (UK)
(A company limited by guarantee)
Report and financial statements
31 December 2022
Company number 06267939
Registered Charity number 1119999

CFR (UK)
COMPANY INFORMATION
RefereDce and admiDiStrgtive inforjnation
Trustees and Direetors
Mansoor Esmail
Feiza Tazdin Jivrdj
Sikin Velji
Registered orrjce
Quadrant House- Floor 6
4 Thomas More Square
London
Elw IYW
Company nurnber
06267939
Cbarity number
1119999
Auditors
UHY Hacker Young
Quadrdnt House
4 Thomls More Sqllare
London
Elw IYW
Bankers
Lloyds TSB Bank PIC
Pall Mail
St ja￿¢5,5 Branch
8-10 Waterloo Place
London
SWIY4BE
Legal advisors
Stone King LLP
13 Queen Square
Bath
BAI 2HJ

CFR (UK)
CONTENTS
Page
Report of the Tnstees
Independent auditors, report
8- 11
Statement of financial activilies
12
Balance sheet
13
C￿h flow staiement
14
Noies to the financial statements

CFR {UK)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2022
The Trustees are pleased to present the Annua] Report and financia] statements of CFR (UK) for the
year ended 31 December 2022.
Trustees
The Trusiee5 who held office during the year and up to date of signature of the financial statements
were as follows..
Mansoor Estnail
Sikin Velji
Nadia Bhimji
Feiza Tazdin Jivraj
Rcsigned 30 NovcTnber ?022
ApFK>in*d 30 November 2022
About CFR (UK)
CFR (UK) has the aim of contrib￿1ng to the quality of life of the members of the Shia Imami Ismaili
Muslim Community (the 'Community') through its events and prorntnes.
The charity's objectives refiect this aiTn and are set out below:
To advance the Shia Imami Ismaili Muslim faith and tradition. in particular but not
exelusively by holding religious gatherings and commemordtiv¢ fesiivals and disseminating
infomation.
To advance education in th¢ history and culture of the Community.
To promote the mentat, spiritual, Tnora] and physical development and improvement of
members of ihe Community for ihe public benefit and to provide opportunities for them to
develop their full capacities and enable ihem to t*come r¢S￿n51b]e members of socieiy.
To relieve the needs of the members of the Commwiity.
To advance such excI￿]Ve1Y charitsble purpose5 as the Trustee5 shall decide.
The Trustees have complied with their dury to have regard to the publi¢ benefit. as sei out in the
guidance issued by the Charity Cornmission. The programmes and activities of the charity take into
account the Charity Commission's public benefit criteri
Volunteers
VolunteeT5 are key to the operations of CFR(UK). The Tnjsiees are grateful for iheir commitment and
generous sUPPOrt in the delivery of the charity's progrdmmes, and in enabling the charity io meet ils
governance and other requirements. The financial value of ihe coniribution made by th¢ charity's
volunteers has neither been calculated nor included the financial statements as it is difficuli to
quantify in monetary temis.
Achievements #Dd Performance in 2022
With the worst of the Covid pandemic behind us. the Tiusiees and Voluntee￿ of the charity have been
able to resume in-person progrdmrnes and aciivities during ihe year under Trview. Active social and
voluntary engagement h&$ helped the Community towards its recovery from the challenges posed by
the pandemic.

CFR (UK)
Applications for grant-funding and progrdmme adoptions are assessed on a case-by-case basi5 using a
number of criteria. These include the objectives of the programme and accessibility of the programme
io marginalised and vulnerable membets of the Cotnmunity-
The prograrnme5 and activities supported by CFR (UK) in 2022 in pursuance of its charitable aims
To provide funding io improve ihe quality of life of disadvantaged Members of the
Community with complex needs. Members are encouraged to reach their full ]x)tential by
signFx)sting them to relevant support mechanisms and agencies. Guidance is given on a range
of issues with the aim of alleviating poverty and improving hou5in& economi¢ well-bein&
education. physi¢al and mental health.
Opportunities for members of the Community to access online educational courses and
training. Courses undertaken include learning English. health and nutrilion. and IT skills.
Lifelong learning benefits include improved economic welfare as well as positive effects on
the physical and mental health ond well-being of the individual. their families, and the
Community.
Three age -specific residential youth camps for young people aged from 8 to 15 years and run
by young adults aged 21-30 years. These camps have an overa]I purpose of providing an
environment to challenge the youth physically and intellectually. They help to chart a safe
passage for them as they navigate through life challenges facing them, enable them to conne¢t
with others from different cultures and diverse background& to build lasting friendships and
proTnote a positive altitude io volunlary service both within the Community and society at
large.
A sports weekend for the whole community of all age5 and backgrounds to participate in
various sports and activities including climbing chess. netball. fooibail, and badminton.
Additional sessions were a150 held to promotr healthy lifestyles. mindfulness and raising
awa￿ne$S of non-communicable diseases and how to prevent them.
Musical workshops culminating in a concert perfortnance of original compositions by an
Ensemble of aspiring ML￿1Clans of all ages. both amateur and professional. The programme
a150 provides an opportunity for developing ieamwork. encouraging discipline io commit to
the progrnnme and building confidence io ￿rfOrn] on stage. The Music reflects the diversity
of trnditions within ihe Community. helping to promoie understandin& tolerance. and mutual
resp¢¢t amongst people from differeni culture5 and faiths.
Future Plans
The Charity has and will continue Tts support of the exisling range of programmes to further its
objectives. These include educational attd 5POrts progrdmmes, youth carnp5 and initiatives to support
disadvantaged members. In 2023. there will also be a series of events promoting the engagement of
individuals in the arts and sports. thereby nurturing talenL building self confidence in individuals and
a stronger Community.
The Tr￿tee$ are also keen lo sup]M)rt diversity and inclusion (D&l) initiaiive5 and will consider any
applications for funding where D&1 15 a particular focus.
The Trustees are grnieful for the ottgoing donations from ￿Ular donor& who have continued to
support the charity. At the time of wriiin& the Trustees have no plans io undertake additional
fundraising in 2023.

CFR (UK)
Financial Revie
A summary of the r¢suli of CFR (UK)'s aClivili¢s during 2022 is given in the Stalement of Financial
Activities on pagc 12. The comparaiive figures below relate to the year l January 2021 to 31
De¢ember 2021.
The ineome from donations and income genernted from activities of CFR (UK) were sufficient to
carry out the planned programmes and events during the year. The total income of the ¢harity
amounted to £221,317 (2021.. £167,238), which included income from donations of £143.150 (2021:
£158,592) a￿d income from ctwitable activities of £78.167 (20?]: £8.646).
Governance ¢osts of £19,843 (2021: £14,363) consisted of audiL legal and professional fees and
administrative expenses. These costs were approved by the Tnjstees. CFR (UK) does not incur any
employment costs all of the charity's programtnes and activities are delivered by volunteers.
The total fund5 at 31 December 2022 were £567,606 (2021: £646.884), all of which were unrestricted
funds. In the Trustees, opinion, there are adequate a55ets available to fulfil the obligations of
CFR(UKI in 2023.
The ¢hariiy has no long-ierni investments.
Risk Management
Prineipa] risks in the k¢y areas of CFR (UK)'s operntions are reviewed and assessed by the Trustees
on ongoing b￿Ls. The Truslees are satisfied th￿ appropriaie systems and ¢ontingen¢y plans are in
place to manage and mitigate risks that have been identified. Thc Trustees will ¢ontinue to monitor
Ihese in order to manage the delivery of its core a¢iivilies and priorities effectively.
ReserYe5 Policy
The Trustee5 have reviewed the reserve5 of the charity. haying regard to the power in th¢
Memordndum and Articles of Association of ihe charity to set &side funds as reserves for future
expenditure.
The charity held iotal reserves of £567,606 (2021: £646,884) ail of which were unrestricted funds. In
the opinion of the Trustees, there are adequ*e assets available to fulfil the routine obligations of
CFR(UK) in 2023.
Structsre, GovernaDee aDd Management
Sialemenl of Trus¢ees' ResFop75ibililEe5
The Trustees are responsible for preparing the Annual Re]xirt and financial statements for each
financial year in accordanc¢ with the law appli¢ablc io ¢hariiies in England & Wales. They have
adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended
Pra¢li¢¢, applicable lo Ctwities preparing th¢ir accounts in accordance with the United Kingdom
Accounting Standards (specifically, the Uniied Kingdom Generally Accepted Accounting Practice.
including FRS 102.. The Financial Reporting StandaTd applicable in ihe UK and R¢publi¢ of Ireland).
The Annual Repon and financial statements also comply with the Cornpanies Act 2006.
Company law requires the dire¢iors, who are refer￿ io here as the Trustees, to prepare financial
statements for each financial year which give a true and fair view of the state of affairs of the Charity
at the year end and of its incoming resources and resourc￿ expended during that year. In preparing
those financial statements. the Trustee5 ￿e required to-

CFR (UK)
select suitable accounting policies and ihen apply them Consistently;
make judgernents and estimates that are reasonable and prudent:
state ivhether applicable accounting standards and statements of recommended practice have
been followed subjecl to any departures disclosed and explained in the financial statements-
prepare the financial statements on the going concem basis unless it is inappropriate to
presume thal the charity will continue in business.
The Trustee5 are responsible for keeping proper accouniing records. which disclose wilh reasonable
accuracy at any time the financial posiiion of the chariiy and enable them io ensure that the financial
statements Comply with the Companies Act 2006. They are also resFM)nsible for safeguarding the
assets of the charity and hence for taking reasonable Sleps for the prevention and detection of fraud
and other irregularities.
Legalsialus and Govenling documenl
CFR (UK) is a charitable ¢ompany limited by guarantee, in¢orwrai¢d in England & Wales on 4 June
2007 and registered as a charity on 10 July 2007. The objects and rM)wers of the company were
established in it5 Memorandum of As%)ciation and are governed by its Articles of Association.
The charity commenced operation on the d*e of incorporation. Tr dI￿lor$ of the charitable
company are its Trustees for the purposes of charity law.
Organis&iionÉ31 Sirueiure
The Trustees are responsible for ihe general Conlrol and Fnanogement of the Charity, for setting the
overall strategy of the charity. as well a5 its policies and priorities. They are also responsible for
reviewing and authorising requests for grdnts and adoption of prO￿aMmes. The Tnjsiees give their
lime on a voluntsry basis and re¢eive no remuneration or oiher financia] benefits.
The Trustees meet a8 required io manage and guide the day-lo-day running of CFR {UK). The
Trusiees are assisied by a number of profe&siona]s, many of whom give of their lime and expertise on
a voluntary basis.
Mansoor Esmail, who is a Trustee of the Charity. was aiso a member of Ihe Ismaili Council for the
UK during the year under review. The Council has 20 meJnber5 in all. During the year. grants of
£143,205 (2021.. £84.071) were awarded to the Council for various programmes. These grants were
only made when the Trusiees We￿ satisfied ihat they were in keeping wilh ihe ¢harily'S objectives,
Appoinimeni
The Trustees who held oifice during the financial year and the Trustees who hold office as at th¢ date
of this report are sei out on page l. The Trusiees are appointed in accordan¢e the rules set out in
the Articles of A550ciation.
New Trustees appointed to the charity undergo orienlation and training on their legal obligations
under charity and company law. They are also given training on the provisions of the Memornndum
and Articles of Associatiow and on the charity's strategy. decision-making process and ]K>li¢i¢s.

CFR (UK)
Inieresls ofihe Tru51ees
None of the Truste¢s had, at any time during the financial year. any interests in CFR (UK} that are
required to be disclosed in ihis report.
Auditors
The auditors, UHY Hacker Youn& are deemed to be reap￿inted under section 487 (2) of the
CoTnpanies Act 2006.
Siotement ofdiselosure ioAudilor
So far as the Trustees are aware..
(a)
(b)
there is no relevant audit infonnation of which the ¢ompany's auditots are unaware. and
they have taken all the steps lh￿ they ought to have taken as trustees in order to make
themselves aware of any relevanl audit inforniation and to establish ihat the company's
auditors are aware of that infomiation.
The Trustees, report was signed and authorised on behalf of the Board of Trustees on .
2023 by..
Mansoor Esmail
Truste¢

UHY Hatker Young LLP
QU￿rant House
4 Thoma5 MO￿ Square
London Elw IYW
Hackeryoung
Chartered Accountants
INDEPEF4DENT AUDITORS, REPORT
TO THE TRUSTEES OF CFR
UK
Opinion on financial st4tctDents
We have audited ihe financial stateTnents of CFR (UK) for the year ended 31 December 2022 which
comprise the Statement of Financial Activilies. the Balance SheeL the Cash Floiv Statement and notes
to the financia] siatements. including significant a¢¢ounting ￿)lICIes. The financia] reporting
framework that ha5 been applied in their preparaiion is applicable law and United Kingdom
Accounting Standards, including FRS 102 The Financial ReEX)rting Standard applicable in the UK and
Republi¢ of Ireland (United Kingdom Generdlly Accepted Accounting Practice).
In our opinion the financial statements:
give a true and fair view of the state of the Ch￿l￿ble company's affairs as at 31 December 2022,
and of its incoming resources and applic￿lon of resources. including its income and expenditur¢,
for the year then ended-
have been properly prepared in accordance with United Kingdom Genernlly Accepted
Accounting Prdctice: and
have been prepared in accordance with the requirements of the Companies Aci 2006.
Basis for opinion
We conducied our audit in accordance with International Standards on Auditing {UK) (ISAS IUK))
and applicable law. Our responsibilities under those standards are further described in the auditor's
responsibilities for the audit of the financia] slatements section of our report. We are independent of
the company in accordance with the ethical requirements thai are relevant to our audit of the financial
statements in the UK. including the Financia] Reporting Council's (FRC'S) Ethical Standard, and we
have fulfilled our other ethica] responsibilities in accordance with these requirements. We believe that
the audit evidence we have obtsined is 5uificient and appropriate to provide a basis for our opinion.
CoDelusions relating to going Concern
In auditing the financial Statements. we have concluded that the tr￿slee$. use of the going concern
basis of accouniing in the preparation of the financia] statement is appropriate.
Based on the work we have perfornied. we have not identified any material uncertainties relating to
events or conditions that. individually or collectively. may cast significant doubt on the charitable
company's ability to continue as a going Concern for a period of at least twelve rnonths from when the
financial siatements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concem are described
in the relevant sections of this report.

UHY HKker Young LLP
Quadrant HOUSÈ
4 Thornas MoFe 5quwe
London Elw IYW
Hackeryoung
(hartefed A(C(￿￿tants
Ir4DEPENDENT AUDITORS, REPORT
TO THE TRUSTEES OF CFR
UK
Other infonnation
The other infonnation comprises the infoTmation included in the annual report, including the
Trustees, report other than the financial statements and our auditor's report thereon. The Trustees are
responsible for the other inforniation. Our opinion on the financial ￿ateMentS does not cover the other
information and, except to ihe extent otherwise explicitly stated in our repo¢ we do not express any
fom of &ssurdnce conclusion thereon.
In ¢onne¢lion with our audii of the financial statemenw our responsibility is io read the other
information and, in doing so, consider whether the other inforniation is materially inconsistent with
the financial ￿atements or our knowledge obtained in the audit or otherwise apFKars to be materially
misstated. If we identify such mat¢rial in¢onsisiencies or apparent material misstatements, we are
required to determine whether thcrc is a material misststement in the financial statement5 or a Tnaterial
misstatement of the other information. If, based on ihe work we have perfonned. we conclude that
there is a material misstatement of this other inforni￿l0n- we aff required to report that fact.
We have nothing to retM)rt in this regard.
Opinions oll other matters prescribed by the Companie5 Ac¢ 2006
In our opinion. based on the work undertaken in the Course of our aLtdii:
the infortnation given in th¢ trustees. trport for the financial year for which the finan¢ial
statements are prepared is Consisteni with ihe financial statement5- and
the trustees, report has been prepared in accordance with applicable legal requirements.
Matters on whicb we are required to report by exceptlOD
In the light of the knowledge and understanding of the charitable company and its environment
obtained in the course of the &udit, we have not identified material mi55tat¢ments in the trustees,
report. We have noihiJJg to report in respeci of the following matters Whe￿ the Companies Act 2006
requires us to report io you if, in our opinion=
adequate arcounting r¢¢ords have noi been kepL or returns adequate for our audit hav¢ not
been received from branche5 noi visited by us. or
the financial statements are not in agreement with the accounting re￿rdS and retum5' or
certain disclosures of trustee5' fcTnuneration specified by law are not made. or
we have not received all the inforniation and explanaiions we require for our audit- or
the tnjstees were noi entitled to prepare the financial statcJnents in accordance with the small
ompanies. regime and take advantage of the small companies. exemption in preparing the
tru51ees' report and from the requirement to prepare a strdtegic reporL
Responsibilities of t￿stetS
As explained more fully in the Statement of Trustee5' Responsibilities set out on pages 5 6, the
Trustees (who are a150 the directors of the charitable company for the purposes of company law) are
responsible for the preparation of the financial statements and for b¢ing $￿iSfied ihat they give a true
and fair vi¢w, and for such iniernal control as the Trustee5 detemiine is necessary to enable the
preparation of financial siatements thai are free from material misslatement, wh¢iher due io fraud or
error.

IIHY Hacker yo￿9 LLP
Quadiènt HtJU5E
4 Thoma5 More Square
L(￿d0￿ EIW 1￿￿
Hackeryoung
Chartered Accountants
INDEPEN'DENT AUDITORS, REPORT
TO THE TRUSTEES OF CFR
UK
In preparing the financial statements. the TnLStees ￿e responsible for assessing the ¢harity'5 ability to
continue as a going concern, di5closin& as applicable. matters related to going concern and using the
going concern basis of accounting unless ihe trustees either intend to liquidate the charity or to ceas¢
operations, or have no realistic altemaiive but to do so.
Auditor's respoDsibi]ities for the audit of the financial statements
Our obje¢tives are to obtain re&sonable assurance about whether the financial staiements as a whole
are free from material misststemenL whether due to fraud or eTror. and to issue an auditor's repoff that
includes our opinion. Reasonable assuranc¢ 15 a high level of assurance, but is not a guardntee that an
audit conducted in accordance wilh ISAS (UK) will always detect a material misstatement when it
exists. Misstatements can arise from fraud or error and are considered material if. individually or in
the aggregate. they could reasotobly be expected to influen¢e the economic decisions of users taken
on the b&sis of these financial statements.
The extenl to which our procedures are capable of detecting irregularities. including fraud is detailed
below".
Based on our understanding of the charitable company and the industry in which it operates, we
identified that the principal risks of non-compliance iviih laws and regulations related to the acts by
the charitable Gompany. which were contrary to applicable laws and regulations including fraud, and
we considered the extent to which non-compliance mighi have a Jnaterial effect on the finaneial
siatemenls. We also considered those laws and regulations thai have a direct impact on the preparation
of the financial statements su¢h as the Companies Act 2006. We evaluated management's incentives
and opportunities for frdudulent rnanipulalion of the financial Siatements (including the risk of
override of controls), and detemined that the principal risks were related to inflated revenue and the
charitable company's n¢t inGome for the year.
Audit procedures perfomied included= review of the financial staiement disclosures to underlying
supporting documentation, enquiries of managemeni and tesiing of journals and evaluating whether
there evidence of bias by the tnLStees that represented a risk of material misstatement due to
fraud.
There are inherent limitations in the audil procedures described above and the further removed non-
Compliance with laws and regulations is from the events and transactions reflecied in the financial
statements, the less likely we would become aware of it. Also, the risk of not detecting a material
misstatement due io fraud is higher than the risk of noi delecting one resulting from error. as fraud
may involve delibeme ¢on¢ealment by. for example. forgery or intentional misrepresentations, or
through collusion.
A further description of our responsibililies for the audit of ihc financial Statements is located on the
Financial Reporting Council's iveb5ite at.. htt .'l/u'w'H,.frc.or
.ukJaudlto￿res
onsibilities. This
descriplion fornis part of our auditor'5 report.
10.

UHY Hacker Ygung LLP
adfanl HDuSe
4 Th(w5 More SqU￿e
Lonc%y EIW IYW
Hackeryoung
Chartered k<DunlanTS
INDEPENDETr￿ AUDITORS. REPORT
TO THE TRUSTEES OF CFR{UK)
Use of our retmjrt
This report is made solely to the charitable compaDy'S membe]s as a body, in accordance with
Chapter 3 of Part 16 of the Companies Act 9￿6. Our audit work has ￿en undertaken so ihat we
might state to the company's members those matter5 we are rcquired io state to them in an auditor's
report and for no other purpose. To the fullest extent perrnitted by law, we do not accept or assume
responsibility to anyone other than ihe charitable company and the Ch￿itable company's members as
a trM)dy. for our audit worL for this ttpo¢ or for the opinions we have fornied.
•Hdfy4/t
Harriet H¢Klg50N-Grove (SeDior Statutory Auditor)
For and bebalf of UHY Hacker Young
Chanered Accountants
Ststutory Auditor
Quadrant House
4 Thomas More Square
London
Elw IYW
25th September 2023

CFR (UK)
STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING SUMMARY OF INCOME AND
EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 DECEMBER 2022
2022
UDrestrieted
runds
2022
Total
F￿ndS
2021
Total
funds
Incorning Resource5
Not
Incoming re50I1rce5fromgeneraied
Voluntary income- dotVdlion5
143.150
143.150
158,592
143.150
143.150
158,592
Incomin% rtsourcesfrom chllrilable
clivilies..
Income from various programme
activities in furthernice of the objects
of the charity
78.167
78.167
8.646
Total incoming resourtes
221J17
221.i17
167,238
Resources Expended
Cliarilahle ocliviiies."
Costs of various programmc activities
in furtherance of the objects of the
charity
Governance costs
(280.752)
(19.843)
(280.752)
(19,843)
(96.423)
(14.363)
(300.595)
(3(K).595)
(110,786)
Total resources expended
(300.595)
(3(K),595)
(110.786)
Net (deficity surylus for tbe ye#r
(79278)
(79278)
56.452
Total Funds brought forward
646.884
646.884
590,432
Total Funds carried fonward
567.606
567,606
646,884
All of the above results are derived from continuing activities. All gain5 and losses Tecognised in the
year are included in the above.
The notes on pages 15 to 20 forn) part of these financial Statements.
12.

CFR (UK)
BALANCE SHEET
AS AT 31 DECEMBER 2022
2022
2021
Notes
CurreDt #55ets
Debtors
Cash at bank and in hand
10
10,829
567.354
9,022
666,578
578.176
675,600
Creditors: #tnounts falling
due ivithin one year
(10.570)
(28.716)
Net ¢urr¢nt assets
567.606
646,884
Net a55ets
567.606
646,884
Funds
UtLf¢5lri¢ied funds
14
567.606
646.884
Total unrestricted funds
567.606
646.884
The financial ￿ateMentS have been prepared in accordance with the pmvisions applicable to companies
subject to th¢ STnall companies, regime.
The financial statements on pages 12 to 20 were approved by the Board of Trustees on .
2023 and were signed on its behalf by..
2<
JT
Mansoor Esmaii
Trustee
FeiTA Jivr#j
Trustee
Company Registration number.. 06267939

CFR (UK)
CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2022
Note5
2022
2021
Cash flows from operdting 2ctivitÉes
Net cash from operdting activities
13
(99.224)
66,822
Change in Cash and cash equivalents
in the year
(99,224)
66.822
Cash and c&h equivalents at ihe
beginning of the year
666.578
599,756
Cash and cash equivalents at tbe end
of the year
567.354
666,578
The notes on pages 15 to 20 forn] part of these financial ￿ateMents.
14.

CFR (UK)
NOTES TO THE FtNAf*CIAL sTATEME￿Ts
FOR THE YEAR ENDED 31 DECEMBER 2022
Statutory illformation
CFR (UK) is a company limited by guarantee, domiciled in England and Wales. registration
number 06267939. The registered office is Quadrant House Floor 6, 4 Thomas More Square,
London Elw IYW.
Accounting ￿lie2CS
The prin¢iple a¢¢ouniing policies adopted. judgements and key sour￿$ of estitnation
uncertainty in ihe preparation of the finartcial statements are &$ follows..
Ba515 of preparation
These accounts have been prepared in accordance with FRS 102 'Th¢ Financial Reporting
Standard applicable in the UK and Republxc of Ireland ('FRS 102.). 'Accounting and
Rerxirting by Charities. the Statemenl of Recollun¢nded Practice for charitie5 applying FRS
102, the Companies Act 2006 and UK Generally Accepted Accounting Practice.
CFR (UK) meets the definition of a publi¢ benefit cntity under FRS 102. Assets and liabilitiC5
are initially recognised ai historic￿ cost or Iransattion valuc unless Othcrwise statcd in the
relevani a¢¢ounting policy note&
Th¢ a¢¢ounts are prepared in sterlin& which is the functional cutrency of the charity.
Monetary amounts in these financial statements are rounded to the nearest £.
Going concenb
As part of the going co￿e￿ teview. the cash flows of the charity are being carefully
monitored. The T￿Stee5 are confideni the charity h&s adeqvaie reserves and that there are no
material uncertainties aFM)ut the charity's ability to continue as a going concern for the
foreseeable future.
Funds
General funds are unresiricied funds available for use at the dixretion of the trustees in
furtherance of the general objectivcs of the ¢kwity and which have noi b￿￿ d¢signaE¢d for
other purposes. There are no designated funds and no restricted fund5.
Foreign ¢urren¢ies
Transactions in foreign Currencies are recorded at the rdte ruling at the date of the transaction.
Monetary ak8ets and liabilitie5 are retran51ated at the rate of exchange ruling at the balance
sheet date or at a contracted rdte, if applicable. Ekchange gains or losses are included in the
Statement of Financial Activities.
15.

CFR (UK)
NOTES TO THE FINANCIAL sTATEME￿Ts (CONTINUED)
FOR THE YEAR Ef4DED 31 DECEMBER 2022
Incoming resources
Voluntary income. comprising donations. provides core funding and is of general nature. This
15 recognised where there is entitlement. certainty of receipi and the amount can be measured
with sufficient reliabiliiy. VAT 15 accounted for on the siandard rated activities. All such
income in the financial skntements is net of VAT. Investment income is recognised on a
receivable basis.
The value of service5 provided by volunieers is not illCOTpordted into these financial
statements. Further details of the coniribuiions made by volunteers can be found in the
T￿￿tee$. Report.
Resources expended
ExT￿nditUre is recognised on an accrua]s basis a5 liability is incurred.
Charitable income and expendilure 15 allocated to the respe¢tive activities and any shortfall is
funded from unrestri¢ied funds.
Programme costs comprise those costs incurred by the charity in the delivery of its activitie5,
including Ix>th cosis thai can be allocated directlv io such activitie5 and those cosis of an
indireci nature necessary to supFM)rt them. Governance rosts include those costs asso¢iated
with meeiing the ronstitutional and statutory requirements of the charity- Irrecoverable VAT
És ¢harged against the category of resources expended for which it was incuTred.
Gran15 awarded are charged in the year when fornially awarded by the Trustee5 and
communicated to the recipient. irrespective of the period covered by the donation. as they are
regarded by the Trustees as financial obligation5.
Financial instruments
The charity only has basi¢ finon¢ia] assets and financial liabilitie5 of a kind ihat qualify Rs
b￿le financial I￿8(￿Ments. Basic financial instruments are initially recogni5ed at transa¢lion
value and subsequently measured at their settlement value.
Critieal aeeounting e5tirnates aDd judgements
In the application of the charity's a¢counling policies. the trusiees ore required to make
judgements. estimates and assumptions about the carrying amount of assets and liabilities thai
are not readily apparent from other sources. The estimates aftd a550ciated assumptions are
based on hisiori¢a] experience and other factors th￿ are considered to b¢ ￿leVant. Actual
results Jnay differ from these estimates.
The estimates and underlying assumptions ￿e reviewed on an ongoiJJg basis. Revisions to
accounting estimates are re¢ogni5ed in Ihe period in whÉch the estimate is revised whetr the
revision affects only that period. or in the period of the revision and future periods Whe￿ the
revision affects both current and future periods.
The trustees do not consider the￿ to be any estimates or assumptions which have a significant
risk of causing a material adjustment to the carrving amount of the assets and liabilities in the
financial staiements.
16.

CFR (UKI
NOTES TO THE FINANCIAL STATEIMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
Emolumcnts to the Trustees
No emoluments wcrc paid to the Trustees. The Trustees did not claim. nor receive,
reimbursement of expenses incurred by them in the course of their duties.
Employee informgtio
There were no employees (2021.. nil) and there are no costs related to this.
Voluntary income
Unrestrieted
fllnds
2022
Unrestricted
funds
2021
Donations and Gift Aid
143.150
l i8,592
Programme activities
The costs of various progrdmme activities of the charity can summari5ed in the following
theM￿lC areas..
31 Decernber 2022
Faith
Community
aDd developmeDt
traditio
Raising
awareness
Total
2022
Total
2021
Note
Direet Costs
Governance costs
(271,5791
(19.1941
(9.1731
(649)
1280,7521
{19,843}
196.423)
114.3631
Total costs allocated
{?90,773)
{300.5951
(110,7861
31 December 2021
Faith
Community
and deye10p￿eNI
tr4dilio
Raising
awarentts
Total
2021
Total
2020
Note
Direct costs
Governartce costs
{91.190)
(13,665}
(5.2331
{6981
196,4231
(14.3631
161,274)
(13.740)
Total ¢osts allocated
(104.855)
(5.9311
1110,7861
175.014)
17.

CFR (UK)
NOTES TO THE FINANCIAL STATEMENrs {cor4TINUED)
FOR THE YEAR ENDED 31 DECEIMBER 2022
7.a Analysis of direet ¢o$ts
Note
2022
2021
Grants awarded
Venue c05t
Programme support costs
143,205
95.441
42,106
84,071
3,518
8,834
Totsl direct fosts
280.752
96,423
7.b Analysis of %oYernanee Costs
2022
2021
Administration, professional
and legal costs
Auditors. remun¢rntion
9,843
10.000
6,863
7,500
Total governance eosts
19,843
14.363
Direct Costs have been incurred in furthering the objects of the ¢h8rity in the following
Ihematic areas= (l) Faith and irdditions- {2) Community development. and {3) Raising
awareness and are allocated on a percentage basis of the iotsl direci Costs associaied with the
activity.
Grants awarded
2022
2021
Regular grants awarded lo
institutiOll5
143,205
84,071
Total awarded to iD5titutions
143,205
84,701
Net incoming resources
The net incoming resources are stated after charging the following costs..
2022
2021
Auditors, remuneration
10.000
7.500
18.

CFR (UK)
TrIOTES TO THE FINAP*CIAL STATEMENTS (cof4TINUED)
FOR THE YEAR ENDF.D 31 DECEMBER 2022
io.
Debtors
2022
2021
Gift Aid recoverable
Other debtors
Prepayments
VA T refundable
4,489
183
2.458
3.692
5.009
119
2.109
1,785
10,822
9.022
ii.
Creditors
2022
2021
Other credito
Grants payable
Accruals
11,510
9,706
7,500
i70
10,000
10,570
28.716
12.
Taxation
The cotnpany 15 a registered charrry and is not liable lo corpordtion tax on its charitable
activities. Gift aid donations are reclaimed by the company.
13.
Reconciliation of net movement in resources to Det cash innow from operatiDg 4¢tivitie$
2022
2021
Net (deficit)I surplus for year
(Inereasey decrease in debiors
(tk¢r¢ase)/ increase in Creditors
(79:?78)
(1,800)
(18.146)
56,452
(2,603)
12.973
Net cash from operniing activities
(99,224)
66,822
19.

CFR (UK)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
14.
Reconciliation of unrestri¢ted funds
2022
2021
Balance as at l January
Net movement in resources for the year
646.884
(79.278)
590.432
56,452
Balance as at 31 Decetnber
567.606
646,884
Represented by:
2022
2021
Current assets
Curreni liabilities
578.176
(10,570)
675,600
(28,716)
567.606
646,884
15.
Related party transactiODS
During the reponing year. Mansoor Esmail. Trustee of the charity. wa5 also a mernber of ihe
Ismaili Council for the UK (*he Coun¢ill. The Council has 20 members in total.
During the y¢ar. granis of £143.205 (2021- £84.071) were awarded to the Council for
progrdmmes where the Trustees have been satisfied that these were in keeping with the
charity's objectives.
20.