CFR (UK)
(A eompany limited by guarantee)
Report and fmancial statements
31 December 2024
Company number 06267939
Registered Charity number 1119999
UHY

CFR (tfK)
Reference and administrative inforniation
Trustecs and Dir￿tOrS
Aliyyah-Begum Nasser
Salim Damani
Feiza Jivrai
Registered office
Quadrant House - FIooT 6
4 Thomas More Square
London
Elw IYW
Company number
06267939
Charity number
1119999
Auditorj
UHY Hackcr Youn8
Quadrant House
4 Thomas More Square
London
Elw IYW
Bankers
Lloyds BaJ)k PIC
St James's Branch
8-10 Waterloo Place
London
SWIY4BE
advisors
Stone King LLP
Upper Borough Court
Upper Borough Wells
Bath
BAI IRG

CONTENTS
Page
Report of the Trnstees
Independent auditors. report
9-12
Statement of financial activities
13
Balance sheet
14
Cash flow statement
15
Notes to the fAnan¢ial statements
16-21

CFR (UK)
REPORT OF THE TRusfEES
FOR THE YEAR ENDED 31 DECEMBER 2024
The Trustees are pleased to present the Annual Report and f￿anCIal statcmcnts of CFR (UK) for the
year ended 31 Deceznber 2024.
Tru5tec5
The Truste&s who held office during the year and up to date of signature of the financial statements
were as follows:
Aliyyah-Begurn Nasser
Salitn Damani
Feiza Jivrai
About CFR (UK)
CFR (UK) has th¢ aim of contributing to the quality of ]if¢ of the members of the Shia Imami Istnaili
Muslim Community (the 'Community') through its events and pro￿8mMeS.
The charity's objectives reflect this aim and are set out below:
To advance the Shia Imami Ismaili Muslim faith and traditio￿ in particular but not exclusively
by holding religious gatherings and commemorative festivals and disseminating inforniation.
To advance education in the history and culture of the Community.
To promote the mentaI. spiritual. moral and physical developm¢nt improvement of
members of the Community for the public benefit and to provide opportunities for them to
develop their full capacities and enable them to become respomible mernber5 of society.
To relieve the needs of the members of the Community.
To advance such exclusively charitable purposes &% the Trustees shall decide.
The Trustees have complied with their duty to have regard to the public benefi( &s set out in the
guidance issued by the Charity Commission. The prO￿arnMeS and activities of the charity take into
account the Clwity Commission's public benefit criteria.
Volunteers
Volunteers ￿e key to the operations of CFR(UK). The Trustees are srateful for their commitment aad
generous support in the delivery of the charity's prO￿e3, and in enabling the charity to meet its
governance and other requirements. The f]nancial value of the conrribution made by the charity's
volunteers has neither been calculated nor included in the financial statements as it is difficult to
quantify in monetary ternis.
Achievements and Perforniance in 2024
Applications for ￿ant-fuUdjlls and programme adoptions are assessed on a case-by-case basis using a
number of criteria. These include the objectives of the programme and accessibility of the programme
to marwalised and vujnernble members of the Con]munity.

CFR (UK)
REPORT OF THE TRusfEES (continued)
FOR THE YEAR ENDED 31 DECEMBER 2024
Th¢ programmes and activities supported bv CFR (UK) in 2024 in pursuance of its Ch￿Itable aims
were:
To prnvide fLmding to improve the quality of life of disadvantaged members ofthe Community
with complex needs. Members are encouraged to reach their full potential by signposting them
to relevant support mechanisms and agencies. Where required member5 supported over a
multiyear period with family mentoring. Guidance is given on a range of issues with the aim of
alleviating povety and improving housing* economic well-being, edu¢atiory physical and
mental health. 2024 has seen an increase in complexity in the nature of needs that members are
presenting with.
Opporn]nities formcmbcT5 of the Community to access online ¢du¢ational Courses and trainin&
Cours¢s undertaken include learnino Englisty healtb and nutrition. and IT skills. Lifelong
learning benefits include improved economic welfare as well as positive effects on the physical
and mentsl health and well-being of the individuaL their families. and the Collununity.
Provision of awareness. raising inforniation dissemination or arts 2nd culture events for
members of the commtmity as well as for external audiences. Developing an accurate and well-
infornied understanding of the community enables positive relationship building with the local
authorities and other community organisations
Four age -specific residential youth camps for young pcople aged from 8 to 18 years and run
by young ad￿ts aged 21-30 years. These camps have an overall 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 connect
WAth others from different cultures and diverse backgrounds. to build lasting friendships and
promote a positive attitude to voluntary service both within the Community and society at large.
A sports weekend forthe whole community of all ages and back￿undS to participate invarious
sports and activities including netball, football. and badrninton. Additional sessions were also
held to promote healthy lifestyles, mindfulness and raising awareness of non-¢ommuAi¢able
diseases and how to prevent them.
Delivery of a series of arts Competitions and sports tournaments across the United Kingdo
and Europe to identify talented individuals from within the Community who will then be further
supported to represent the Community at a global tournatuent being plaDll¢d for 2025.
The Trustees note that a large number of the adopted and fimded prO￿aMneS are now in a repeatable
cycle with some tweaks year on year to improv¢ impact or deliverability. This helps give the charity an
element of consistency in its programmatic activlty
Future H2llS
The Charity ha5, and will continue its support. of the existing rang¢ of prograo]mes to further its
objectives. These include educational and sports programme& youth camps and initiatives to support
disadvantaged members. In 2025, there will continue to be many events promoting the engagement of
individuals in the arts and sports, thereby nuTtwing tslenL building self confidence in individuals and a
stronger COM￿unIty.
The Trustees continue to support diversitv and inclusion (D&1) initiatives and will consider any
applications for funding whcrc D&I is a particular focus. Loo&ang ah¢4 the Trustees Thill also explore
supporting the expansion of its existing range of programmes into selectcd ar￿S of Continental Europe
where they meet the objects

CFR IUK)
REPORT OF THE TRITSTEES (continued)
FOR THE YEAR ENDED 31 DECEMBER 2024
The Cl)arity has noted that a number of the programmes being funded are feeding back tbat they may
need support in the future to fi￿d HuD)an Resources. which can then better leverage the volunteer
resources that the cbarity bas benefited from. It is likely therefore that the coming year will see greater
number of application5 to support HR costs incutred by existing programme&
The Trustees are ￿ateful for the ongoing donations from regular donor4 who have continued to
support the dwity. The Trustees plan to continue fjmdraising activities during 2025 to build a strong
financial base which can allow the support of further prow]mes and ¢v¢nts for the Community and
ensure the charity remains resilient alld financially sustsinable.
The Tn￿teeS ar¢ cognisant in the wwth of the charity in t¢rDJ5 of the quantum of funds being wted
or beimg utilized to deliver programmes. On this basis. fundraising activities Nvhich includes high impact
cottllnunicalion to existing donors as well as proactive identification of new donors, will increase
through 2025.
Financial R¢vieiv
A SUMM￿ of the result of CFR (UK)'s activities during 2024 is given in the Staternent of Financial
Activities on pag¢ 13. The comparative figures below relate to the year l January 2023 to 31 Decemb
2023.
The income from donations and income generated from activities of CFR (UK) were sufficient to carry
out the planned programmes and ¢v¢nts during the year. The total income of the charity amounted to
£1,075.421 {2023: £466,140), which included income from donations of £953,755 (2023". £355.252)
and income from charitable activities of £94,577 (2023: £110,888).
Governance and AdmiDi5trative costs of £25,917 (2023: £25.526) consisted of audi¢ legal and
professional fees and administrative expenses. These costs were approved by the Trustees. CFR (UK)
does not incur any eMplO￿ent costs as all of the charity's programmes and activities are delivered by
voluntsers.
The totsl funds at 31 December 2024 were £1,001,178 (2023: £564,256), all of wbich were ut]restrifftd
funds. In the TrLths' opiniofy there are adequate assets available to fijlfil the obligations of CFR(UK)
in 2025.
The charty has no long-terni investments.

REPORT OF THE TRUSTEES (¢ontiDu¢d)
FOR THE YEAR ENDED 31 DECEMBER 2024
Risk Management
Principal risks in the key areas of CFR {UK)'s operations are reviewed and assessed by the Tr￿SteeS on
an ongoing basis. The Trustees ate satisfied that appropriate systen]s and contingency plans are in place
to rnanage and mitigate risks that have been identified. The Trustees will continue to monitor these in
order to manage tbe delivery of its core activities and priorities effectively.
Reserves Policy
The Thjstees have reviewed the reserves of the charity, having regard to the power in the Memordndum
and Articles of Association of the charity to set aside funds &8 reserves for future expenditure.
Th¢ charity held totsl reserves of £1,001,178 (2023: £564,256) all of which were unrestricted fund5. In
the opinion of the Trustees, there are adequate assets available to fulfil the routine obligations of
CFR(UK) in 2025. As referenced above, the clwity would like to support further programmes and
events for the Comn]unity especially noting the ￿WIng need for quality of ]ife and youth development
programmes, therefore the Trustees plan to improve the reserves held by the cJ)arity rnoving forward
into 2025.
Structurfy Governance and Management
Statement of Tnutees, Respopuibililies
The Th￿eeS a￿ responsible for preparingthe Annual Report and flnancial statements for each financial
year in aLKordance with the law applicable to charities in England & Wales. They have adopted the
provisions of Accounting and Reporting by Charities: Ststement of R¢conunend¢d Practi¢¢, applicable
to charities preparing their accounts in accordance with the United Kingdom Accounting Standards
(specifically. the United Kingdom Generally Accepted Accounting Practice. including FRS 102: The
Financial Reporting Standard applicable in the UK and Republic of treland). The Annual Report and
fllwicial statements also Comply with the Cotnpanies Act 2006.
Company law requires the directors, who are referred to here as th¢ Trustees, to Prepa￿ fman¢ial
statements for each fllwlcial year which give a true and fair view of the state of affairs of the ¢h8rity at
the year end and of its incoming resources and resources expended during that year. In preparing those
fU￿￿La1 stat¢ment4 the Trustees are required to..
select suitable accounting poli¢ie$ and then apply them consistently.
make judgements and esÈxniat¢s that are reasonable and pruden¢
state whether applicable accounting standards and statements of re¢onunended practice have
been fo]lowed subject to any departures disclos￿ and explained in the financial statements"
prepare the financial stst¢m¢nts onthe going concern basis unless it is inappropriate to presume
that the charity will continue in business.
The TTr￿tee5 aTe responsible for keeping proper accounting records. which disclose with reasonable
accuracy at any time the fllLqn¢ial position of the charity and enable them to ensure that the financial
statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets
of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other
irregularities.

REPORT OF THE TRUSTEES (continued)
FOR YEAR ENDED 31 DECEMBER2024
l£gal Stat￿ and Governing document
CFR (UK) is a cEiaritable company limited by guarantee. incorporated in England & Wales on 4 June
2007 and registered as a charity on 10 July 2007. The objects and powers of the company were
estsblisbed in its Memorandum of Association and are governed by its Articles of Association.
The Charity commenced operation on the date of Inco￿Oration. The directors of the charitable company
are its Trust¢¢s for the pury)oses of charity law.
Org¢7ni5atioT￿ Sin￿[￿re
The Trustees are respoLsible for the general control and management of the charity, for setting the
overall strate￿ of the chartty. as well &s its policies and prioriti¢s. They are also responsible for
r¢vi¢wins and authorising r¢qU￿ foi grants and adoption of piogratnm¢5. Tr Trust¢K giv¢ th¢ir tim
on a voluntary basis and receive no remuneration or other finanGial benefits.
The Tn￿1¢¢$ meet as required to manage and guide the day-to-day running of CFR (UK). The Truste¢s
are assisted by a number of professionals. many of whorn give of their time and expertis¢ on a voluntary
Aliyyah-Begum Nasser, who is a Trustee of the Charity, was also a membeT of the Ismaili Council for
the UK duting the year under review. The Council has 22 members in all. During the year, ￿antS of
£402,957 {2023: £1 58,243) were awarded to the Council for various programrnes. These grants were
only made when the Trustees were s*isfied that they were in keeping with the charity's objectives.
Appoinlment
The Tn￿te¢S who held offi¢e during the fu￿￿la] year and the Tnthes who hold office as at the dat¢
of this report are set out on page 3. The Trustees are appointed in accordance with the ndes set out in
the Articles of Association.
N¢w Trustees appointed to the charity undergo orientation and training on their legal obligations under
clwity and con]pany law. They are also given traxning on the provisions of the Memorandum and
Articles of Association, and ¢)n the Charity's strategy, decision-malang process and policies.
Inleresls ofthe l>wtees
None of the Trustses ha4 at any tI￿e during the financial year, any interests in CFR (UK) that
required to be disclosed in this reporL
Allditors
The auditors, UHY Hacker Youn& are deemed to be reappointed under section 487 (2) of the
Companies Act 2006.

CFR (UK)
REPORT OF THE TRUSTEES (continued)
FOR THE YEAR ENDED 31 DECEMBER 2024
Siaternent ofdisclosure to Auditor
So far as the Trustees are aware:
(a)
(b)
there is no relevant audit infornation of which the company's auditors are unaware. and
they have tsken all the steps that they ought to have taken as trustees in order to make
themselves aware of any relevant audit information and to establish that the company's auditors
are aware of that information.
The Trustees, report was signed and authorised on behalf of the Board of Trustees on .....
2025 by:
Aliyyab-Begum Nasser
Trustee
Feiza Jivraj
Trustee

UHY
UHY Haekeryoung LLP
Chartered Ae¢•untants
Quadrant House
4Thomas More Square
London Elw IYW
INDEPENDENT AUDITORS, REPORT
TO THE TRUSTEES OF CFR
Opinion on f￿ancIal statements
We have audited the financial statements of CFR (UK) for the year ended 31 December 2024 which
compris¢ the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes
to the financial ststements, including significant accounting policies. The financial reporting framework
that has been applied in their preparation is applicable law and United Kingdom Accounting Standards,
including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland
(United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
give a true and fair view of the state of the Ch￿itable company's affair5 as at 31 December 2024,
and of its incoming resources and application of resources. including its income and expenditur<
for the year th¢n ¢nded.
have b¢en properly p￿Pared in accordan¢¢ with United Kingdom Gcnerally Accepted Accounting
Practice. and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and
applicable law. Our responsibilities under those standards are further described in the auditor's
responsibilities for the audit of the financial statements section of our report. We are independent of the
company in accordance with the ethical requirem¢nts that are rel¢vant to our audit of the fuwicial
statements in the UK. including the Financial Reporting Council's (FRC'S) Ethical Standar4 and we
have fulfilled our other etlllcal responsibilities in accordance with these requirements. We believe that
the audit evidence we hav¢ obtained is sutyicient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees, use of the going concern basis
of accounting in the preparation of the fuwicial statement is appropriate.
Based on the work we have perforn]ed, we have not identified any material uncertainties relating to
events or condktions 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 months from when the
fmancial statements are authorised for issue.
Our responsibilities and the responsibilities of the tsustees with respect to going concern are described
in the relevant sections of this report.

UHY
UHY Hackeryoung LLP
Chartered Accountsnts
Quadrant House
4 Thomas More Square
London Elw IYW
INDEPENDENf AUDrroRS' REPORT
TO THE TRUSTEES OF CFR
Other infomation
The other information comprises the inforniarion included in the atinual reporL including the Trustees,
report other than the financial statements and our auditor's report thereon. The Trustees are responsible
for the other infonnation. Our opinion on the fll]ancial statements does not Cover the other inforniation
an￿ except to the extent otherwise explicitly stated in our repo¢ we do not express any fornl of
assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other
infonnation and, in doing so, consider whether the other information is materially inconsistent with the
financial statements or our knowledge obtained in the audit or otherwise appears to be materially
misststsd. If we identify such rnaterial inconsistencies or apparent material misstatements, we are
required to deterniine whether there is a material misstatement in the fuwicial statements or a materiat
misstatement of the other infornlation. If, based on the work we have perfornied, we conclude that there
is a material misststement of this other information. we are required to report that fact.
We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our Opinio￿ based on the work undertaken in the course of our audit:
the inforniation given in the trustees, report for the financial year for which the financial
statsments are prepared is consistent with the financial statements. and
the trustees, report has been prepared in accordance with applicable legal requirements.
Matters on Trvhich we are required to report by exception
In the light of the knowledge and understanding of the charitable company and its environment obtained
in the course of the audit, we have not identified material misstatements in the trustees, report. We have
nothingto report in respect of the following matters where the Companies Act 2006 requires us to report
to you if, in our opinion:
adequate accounting records have not been kept, or returns adequate for our audit have not been
received from branches not visited by us. or
the financial statements are not in agreement with the accounting records and returns" or
certain disclosures of trustees, remuneration specified by law are not made. or
we have not received all the inforniation and explanations we require for our audit; or
the trustees were not entitled to prepare the fmancial statements in accordance with the smaL
companies, regime and take advantage of the small companies, exemption in preparing the
trustees, report and from the requirement to prepare a strategic report.
Responsibilities of trustees
As explained more fully in the Statement of Trustees, Responsibilities set out on pages 6 7, the
Trustees (who are also the directors of the charitable company for the purposes of company law) are
responsible for the preparation of the financial statements and for being satisfied that they give a true
and fair view, and for such internal control as the TNstees deterniine is necessary to enable the
preparation of financial statements that are free from material tnisstatemenl whether due to fraud or
error.
io.

UHY
UHY Hackeryoung LLP
Chart•red A¢Gountsnts
Quadrant House
4 Thomas More Square
London Elw IYW
INDEPENDENT AUDrroRS' REPORT
TO THE TRUSTEES OF CFR
In preparing the financiaI statements, the Trustees are responsible for assessing the charity's ability to
continue a going Conce￿ disclosing, as applicable, matters related to going concern and using the
going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease
operations, or have no realistic alternative but to do so.
Auditor's responsibilities for tbe audit of the fmancial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are
free from material misstatement, whether due to fraud or error, and to issue an auditor's report that
includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an
audit conducted in accordance with ISAS (UK) will always detect a material misststement when it
exists. Misstatements ¢an arise from fraud or error and are considered material if, individually or in the
aggregate, they could reasonably be expected to infiuence the economic decisions of users taken on the
basis of these financial statements.
The extnt to which our procedures are capable of detecting irregularities. including fraud, is detailed
below:
the engagement partner ensured that the engagement team collectively had the appropriate
competence, capabilities and skills to identify or reco￿115¢ non-compliance with applicable laws and
regulations.
. we identified the laws and regulations applicable to the charity through discussions with trustees and
other managemen¢ and from our commercial knowledge and experience of the sector. and
we focused on specific laws and regulations which we considered may have a direct material effect
on the fllwicial statements or the operations of the charity, including the Companies Act 2006, anti-
bribery, employment, environmental and health and safety legislation.
We assessed the susceptibility of the charity's financial ststements to material misstaternenl including
obtaining an understanding of how fraud might occur, by:
' making enquiries of management as to where they considered there was susceptibility to fraud. their
l(nowledge of actual, suspected and alleged fraud" and
' considering the internal controls in place to mitigate risks of fraud and nonrfompliance with laws and
regulations.
To address the risk of fraud through management bias and override of controls, we:
' perfonned anal>tical procedures to identify any unusual or unexpected relationships.
' tested journal entries to identify unusual transactions.
. investigated the rdtionale behind sI￿1f1cant or unusual transactions.
In response to the risk of irregularities and non-compliance with laws and regulation& we designed
procedures which included, but were not limited to:
' agreeing financial Statement disclosures to underlying supporting documentation"
' reading the minutes of meetings of those charged WAth governance. and
' enquiring of management as to actual and potential litigation and claims.
11.

UHY
UHY Ha¢kerYoung LLP
Chartered Aecountants
Quadrant House
4 Thomas More Square
London Elw IYW
]NDEPENDENT AUDITORS, REPORT
TO THE TRUSTEES OF CFR
There are inherent limitations in the audit procedures described above and the fi￿ther removed non-
compliance with laws and regulations is from the events and transactions reflected in the financial
statements, the less likely we would become aware of it. Also, the risk of not detecting a material
misststement due to fraud is higher than the risk of not detecting one resulting from e￿or, as fraud may
involve deliberate concealment by. for eLqrnple, forgery or intentional misrepresentations. or throug
collusion.
A further description of our responsibilities for the audit of the financial statements is located on the
Financial Reporting Council's website at: h :/lwww.frc.or
.uk/auditorsres
nsibilities. This
description fonns part of our auditor's report.
Use of our report
This report is made solely to the Charitsble company's members. as a body. in accordance with Chapter
3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might stste to
the company's members those matters we are required to state to them in an auditor's report and for no
other pU￿oSe. To the fullest extent pern]itted by law, we do not accept or &8sume responsibility to
anyone other than the charitable company and the charitable company's members as a body, for our
audit worK for this repo¢ or for the opinions we have forn]ed.
Harriet Hodgson-Grove (Senior Stathtory Auditor)
For and behalf of UHY Hacker Young
Chartered Accountants
Statutory Auditor
Quadrant HO￿se
4 Thomas More Square
London
Elw IYW
25 June . 2025
12.

CFR (UK)
STATEMENT OF F]NAF4CIAL AcfiviTIES ONCLuD￿￿G OF INCOME AND
EXPENDrruRE ACCOUN
FOR THE YEAR ENDED 31 DECEMBER2024
2024
Ullre5tricted
funds
2024
Totsl
Funds
2023
Total
funds
Incoming Resour¢
Notes
Ifteoming ruourcesfrom generated
fvnds..
Voluntary income- donations
953.755
953,755
355.252
Other income -Interest Received
27,089
27,089
980.844
980.844
355.252
Incoming resourcesfrom cluwitable
actsvtrles.-
Tncome from various prO￿￿me
artivities in furtberdnce of the objects
of tbe charity
94,577
94,577
110.888
Total ineoming resollrees
1,075.421
1.075.421
466,140
Resources Expended
Charilablt aetivilies..
Costs of various programme activities
in furtherance of the obj¢Gts of the
charity
Govern￿¢ and administrative ¢05ts
{612.582)
(25,917)
(612,582)
(25,917)
(443.964)
(25.526)
(638,499)
(638,499)
(469,490)
Tolal r¢sour¢es expended
(638,499)
(638,499)
(469.490)
IY¢¢ (deficit)I surplus for the year
4i6,922
436,922
(3,350)
Totsl Fllnds brought forward
564256
5&1256
567,606
Total Funds cgrried forward
1.001.178
1.001.178
564256
All of the above results are derived from continuing activities. All gains and losses reco8nised in the
Ye￿ are included in the above.
The notes on pages 16 to 21 forn] part of these flnancial statements.
13.

BALANCE SHEET
AS AT 31 DECEMBER 2024
2024
2023
Notes
Current assets
Debtors
Cash at bank and in hand
10
33,964
1.135,127
8.159
574.479
1.169,091
582,638
Creditor5: amounts falling
due within One year
11
(167,913)
{18,382)
Net current assets
1,001,178
564.256
Net assets
1.001.178
564.256
Funds
Unrestricted funds
14
1,001,178
564.256
Total unrestricted funds
1,001,178
564,256
The fmancial statements have been prepared in accordance with the provisions applicable to companies
subject to the small companies, regime.
The financial statements on pages 13 to 21 were approved by the Board of Trustees on
2025 and were signed on its behalf by:
yyah-Begum Nasser
Trustee
Feiza
T￿￿tee
ivraj
Company Registration number: 06267939
14.

CFR (UK)
CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 DECEllfBER 2024
Iyotes
2024
2023
Cash llows from operating activities
Net ca%h from operating activities
13
560,648
7,125
Change An cash and cash eqllivalents
An the year
560,648
7.125
Cash and cash equivalents at th¢
beginning of the year
574,479
S67,354
Cash and eash equivalents at the end
of the year
1.135.127
574.479
The notes on pages 15 to 20 forni part of these financial statements.
15.

CFR (UK)
NOTES TO THE FINANCIAL sTATEME￿s
FOR THE YEAR ENDED 31 DEc￿l￿BER2o24
Statstory information
CFR (UK) is a company limited by guaranteq domiciled in England and Wales, registration
n￿llber 06267939. The re￿ered office is Quadrant House Floor 6, 4 Thomas More Square,
London Elw IYW.
Accounting policies
The principal ￿COunting policies adopted, judgements and key sources of estin￿tion
unce￿]nty in the preparation of the financial statements are as follows:
Basis of prep2r2tion
These accounts have been prepared in accordan¢¢ with FRS 102 'Th¢ Finan¢ial Reporting
Standard applicable inthe UK and Republic of Ireland ('FRS 102,). 'Accounttng and Reporting
by Charities. the Statement of Recommended Practice for Charities applying FRS 102. the
Conipanies Act 2(K)6 and UK Generally Accepted Ac￿￿ntIng Practice.
CFR (UK) meets the definition of a public benefit entity under FRS 102. Assets and liabilities
are initially recogwsed at historical cost or transaction value unless otherwise stated in the
relevant accounting policy notes.
The a¢¢ounts are prepared in sterling, which is the fLUJCtional curnncy of the clwity. Monetary
amounts in these fllkllcial statements are rounded to the nearest £.
Going concern
As part of the going concern revtew. the cash flows of the charity are being carefully monitored.
The Trustees are confident the charity ha5 adequate reserves and that there are no material
uncertainties about the charity's ability to continue as a going concern for the foreseeable
future.
2J
Funds
General funds are unrestricted funds available for use at the di￿retion of the trustees in
furtberance of the general objectives of the charity and whAch have not been designated for
other pwposes. There are no designated funds and no restricted funds.
Forelgn currencles
Transa¢tions in forei￿ currencies are recorded at the rdte ruling at the date of the transaction.
Monetary assets and liabilities are retranslated atthe rate ofexchange rulingat the balance sheet
dats or at a contracted rate. rfapplicable. Exchange gains or losses are included inthe Statement
of Financial Activities.
16.

CFR (UK)
NOTES TO THE FINANCIAL sTATEmE￿s [Co￿INUED}
FOR THE YEAR ENDED 31 DECEMBER 2024
Incoming resources
Voluntary incom4 comprising donations, provides core fAmding and is of general nature. This
is recognised where there is entitlemenL certainty of receipt and the amount can be measured
with sufficient reliability. VAT is accounted for on the standard r&ed activities. All such
in¢ome in the fuwi¢ial statements is net of VAT. Inv¢stm¢nt income is recognised on a
receivable basis.
The value of services provided by volunteers is not incorporated into these financial statements.
Further details of the contrAbutions made by volunteers can be found in the Tn]stees' Report.
Resources expended
Expenditure is recognised on an accruals b&sis as liability is incurred.
Charitable income and expenditure are allocated to the respective activities and any shortfall is
funded from unrestric*d funds.
Prograllllne costs Comprise those costs incurred by the charity in the delivery of its activitie
including both costs that can be allocated direcdy to such activities and those costs of an indirect
nature necessary to support them. Governance costs include those costs associated with meeting
the constitutional and Statutory requirements of the charity. Irrecoverable VAT is charged
against the category of resources expended for which it was incurred.
Grants awarded are charged in the year when fornially awarded by the Thistees and
conllnunicated to the reeipienl irrespective of the period covered by the donatio￿ as they are
regarded by the Trustees as financial obligations.
Financial instruments
Th¢ ¢hatity only has basic financial assets and financial liabilities of a kind that qualify as basi
financial instruments. Basic financial instnllfAents are initially reCo￿lsed at transaction value
and subsequently measured at their settlement value.
Critical accounting estimates and judgements
In th¢ appliG8tion of the charity'5 accounting policies, the trustees required to make
judgements. estimates and assumptions about the carrying amount of assets and liabilities that
are not readiIy apparent from other sources. Th¢ estimates and associated assumptions are b&8ed
on historical experience and other factors that are Gonsidered to be relevanL Actual re5￿ts may
differ from th¢se ¢3timat¢s.
The estimates and underlying &ssumptions Sre reviewed on an ongoing b&8is. Revisions to
accounting estimates are recognised in the period in which the estimate is revised where the
revision affects onIy that peTioI or in the period of the revision and ftrture periods where the
revision affects both cutrent and future p￿lOds.
The trustees do not consider there to be any estimates or assumptions which have a significant
risk of causing a ma*rial adjustment to the carrying amount of the a%sets and liabilities in the
f￿￿ncIal ststements.
17.

CFR (UK)
NOTES TO THE FINANCIAL STATEMEIYTS {CONTllYUED)
FOR THE YEAR EIYDED 31 DECEMBER 2024
EmoIllmeDts to the Trustees
No emoluments were paid to the Trustees. The TTh￿teeS did not claim, nor receive,
reimbursement of expa￿eS incurred by them in the COUTse of their duties.
Employee infornvation
There were no employees (2023: nil) and there are no costs relat￿ to this.
Voluntary income
Unrestricted Unre$tri¢ted
fwids
funds
2024
2023
Donations and Gift Aid
953,755
355,252
Programme activities
The costs of various prowdmme activities of the charity can be summarised in the following
thematic areas:
31 December 2024
Community
developme)yt
Ratsing
Awireness
Total
2024
Tot41
2023
Note
(542,172)
(70.410)
(612,582)
(443,964)
Governance and
adD]inistrative costs
(22938)
(1979)
(25,917)
(25.526)
Totsl ¢0gts allocated
(565,110)
(73,389)
(638,499) (469,490)
31 December 2023
Community
development
Raising
awareness
Total
2023
Total
2022
Note
Direct costs
Governance and
administrative costs
7a
(429,352)
(14,612)
(443964)
(280,752)
(24.686)
(840)
(25,526}
(19,843)
Totsl costs ollocated
(454,038)
(15,452)
(469,490) (300,595)
18.

CFR (UK)
NOTES TO THE FINANCIAL STATEMENfs (Co￿INUED)
FOR ThE YEAR ENDED 31 DECEMBER 2024
7.a Anatysis of direct costs
Nots
2024
2023
402,957
152,97)
56,652
158,243
156,770
128,951
Venue cost
Programme support costs
Total direct costs
612.582
443,964
7.b Analysis of governance and
administration costs
2024
2023
Professional and legal costs
Auditors, remuneration
1,165
11,816
1,147
12,000
Totsl governance costs
12,981
13,147
2024
2023
Total administration costs
12,936
12,379
Direct costs have been incurred in firthering the obje¢ts of th¢ charity inthe following thematic
are&s: ( l) Community development and (2) Raising awareness and are allocated on aper¢entage
basis of the total direct costs associated with the activity.
Grants awarded
2024
2023
Regular grants awarded to
institutio
402,957
158,243
Totsl aivarded to institutions
402,957
158,243
Net incoming resources
The net incoming r￿oUrceS are stated after charwg the following costs:
2024
2023
Auditots, remuneration
11,816
12,000
19.

CFR (UK)
NOTES TO THE FINAIYCIAL STATEMENfs (cO￿INUED}
FOR THE YEAR ENDED 31 DECEMBER 2024
10.
Debtors
2024
2023
Gift Aid recoverable
Prepayments
VAT refi￿dable
4,180
29.784
4.509
3,650
33,964
8,159
11.
Creditors
2024
2023
Grants payable
Accruals
VAT payable
141,373
26,395
145
6,382
12,OCIO
167,913
18,382
Taxation
The company is a registered charity and is not liable to corporation tax on its ¢haTitable
activities. Gift aid donations are reclaimed by the company.
13.
Reconciliation of net movement in resources to net Casb inflow from operating activities
2024
2023
Net surplusl(deficit) for year
(tncreasey decrease in debtors
Increase in creditors
436,922
(25,805)
149.531
(3,350)
2.663
7,812
Net cash from operating activities
560,648
7,125
20.

CFR (UK)
I OTES TO THE FINAI¥4CIAL STATEMEIYTS (CONTllYUED)
FOR THE YEAR EIYDED 31 DECEIVLBER 2024
14.
Reconciliation of unrestricted funds
2024
2023
Balance as at l January
Nct movement in resources for the year
564,256
436,922
567,606
(3,350)
Balanc¢ as at 31 December
1,001,178
564.256
Represented by:
2024
2023
Current assets
Current liabilities
1.169.091
(167,913)
582.638
(18,382)
1,001,178
564,256
15.
Related party transactions
During the reporting year, Aliyyah-Begum Nasser, Trustee of the Ch￿lty. was also a member
of the tsmaili Council for the UK ("the Council,). The Council h&s 22 members in total.
During the year, ￿ants of £402,957 (2023: £158,243) were awarded to the Council for
prograllllnes where the Trustees have been sati3fiedthat these were in keeping withth¢ Ch￿Ity's
objectives.
21.