Docusign EnvelopÈ ID". F5653252-22784ESPA651-57E3666B12CC Company r¢gisiraiion nuinbcr: 06702714 Charity registration numb¢r'. 1129096 Qadria Trust ( UK ) (A compony limited by guarAniec) Annual RcpDrt and Firtantial Sratcments for Ihe Year Ended 31 March 2024
Docusign EnvelopÈ ID". F5653252-22784ESPA651-57E3666B12CC Qadria Trust { UK ) ConÉent5 Refcrenee and Administralivc Dciails Trusiees, Repon 2104 Sratcmcrtt of Trustees, Responsibilities Independent ExamineT'S Report Statement of Financial Activities Balance Sheei Note5 to th¢ Financial Sial¢inent5 9t0 16
Docusign EnvelopÈ ID". F5653252-22784ESPA651-57E3666B12CC Qadria Trust ( UK ) Reference and Administrative Detatls Trustee5 Mohammad Tayyab ur Rchman Ba5har4¢ Hussain Ali Aksar Moharnmcd Ya5in Mohammcd Riaz Registered 01¢¢ 26 Alfred Strcct Spsrkbrook BiTmingham B12 SJL Company Registration Number 06702714 Charity Registrgtion Number 1129096 Independent Examlner N05ir Rafiq Dua Govcmancc 123-131 Bradford Strcct Bradford Court Birtnin¥ham B120NS Page I
Docusign EnvelopÈ ID". F5653252-22784ESPA651-57E3666B12CC Qadria Trust ( UK ) Trustees, Report The trustees. whts are director5 IOT the puryoses of company law, present the annual rqy)rt tts¥ether will) the rlnancial statcm¢nt5 of thc charitablc company for thc ycar cndcd 31 March 2024. Objectives and activities Objeets ftnd ft15 To Advance the Islamit religion in Islamic cth05 for thc bcncfil of thc public thmubvh ihc holding of praycr meeting5. lec(ts. public celebration of religious festiva15 and lor di5¢ribuling literature on 151arn io enlighten others about thc Islamic faith. At Qadria Trust. our mission objectlves to servc humanity and empowcr commuTLitie5 ¢Orttinues io be o guiding corn5$ for ¢very s¢¢p w¢ take. Ovcr thc past ycar, wc havc workcd lir¢les51y 10 PTovide edlleation, alleviaie poverty. and respond to CTises with compassion and care. Througli our effort5, we aim to create a world whcrc dignityt OPP)rtunity* and hopc acccssiblc io all. Our work is rooted in thc prcvcntion aNd T¢lief of poverty. achieved by quipping individuals wilh the tools 10 build sustainablc livclihoods and offcring ¢ritical support during tjmes of hardship. Wherher tlirough education, healthcarc, or imniediale di5a5t¢r ff Iief, Ive remain stcadfast in our commitment to Tnaking a Tneaninsful differenet in tlie lives of those w¢ serve. This year has been one of significant a¢hievemenis, profound impact. and ambitiOU5 progress, in¢ltidin¥ the continued dcvclopmcni of the Islamic C¢ntre of Britain IICOBI-a project that proiniscs to rcdcfin¢ Ihe futurc of our community. Public benefii Thc trustee5 conflnn that they hav¢ romplked with ihc requircmcnls of section 17 of the Charit1¢5 Act 2011 to have due regard to the public benefit Buidance publishcd by the Charity Commission for England and Wales. Pagc 2
Docusign EnvelopÈ ID". F5653252-22784ESPA651-57E3666B12CC Qadria Trust ( UK ) Trustees, Report Aehievements and performance Our K¢y Acbievem¢nts Education Lc&rning: £mpoivering Through Knowledge Edutation rcmains ihc ¢otncT5tone of our mi55ion. OVCT the past year. Qadria Trust has dclivcrcd diverse leaming opportunities to support the social, spiritual. cultural. and emotional growth of our Community. Through workshops. training programs. and inleraclive sessions, we h2ve providcd individuals with the skills and confidcnce 10 5cizc new oPrtunItIeS. Thc5C IllltiatlVC5 promolc hartnony, Inclusion. and a shared sens¢ of prSe. ¢nsuring that everyone has the tools to thriv¢ beyond their ¢urrcni circurnstancc5. Food BAnk and Crisis Support: A Lifeline for the vlnerable The ongoing cost-of-living crisis has left fatnilie¥ and individuals siruggling to meet th¢iT ba5LC tLe¢ds. lo rcsponse. Qadria Trust has workcd lirelcs51y to support individilS and familics through OUT lfare SUPPDrt progTammes and crÈsis assistance service5. This year. we provided food parcels, warm spaccs, and Tcferra15 10 specialist organis2tions, ertsuring rhai evcry person who walked Ilirou8h our dwr4 received ihe help they n¢ed lo reinove th¢ shackles of distress and difficulty. Thc unpreccdcntcd dcinand for 5UPPOrt has Teinforccd our rcsolvc to sland by those in need. offeTing not just Suslenance but also hop¢ and conne¢iion. 151amic Centrt of Britain {ICOBI: A Vfftsffton for Unitv, Prosperity. and Global Reeognition ICOB is 0r fl8gship iniliAtive, and ihis year. we have made remarkable probTess toward tealisiThg Ihis ambiiious vision. Located in one of Birmingham's m05t d¢priv¢d 3reas, ICOB will be a ivorld-clas5, multi-PUTPOSC omniunity facility designed to rve as a bcacon of hopc. tran5forniation. and unity. Progr$ So Far Our work on ICOB has focu5cd on fulfilling pre-plllnnints conditions. raising awarcness. and generatitlg th¢ funds requircd to begin eonsin]ction. In De¢¢mb¢r 2023, Qadria Twsi wcrc successful of achieving a tneaniiibful stdrt wilh plAnnin¥ and eommence tlie prgc¢55 Of demolilign and Llearinu Ilic site. Through a 5crics of charity dinncrs. communily events, artd fijndraising campaign5. wc have engaged ihe publi¢ and siakeholdcrs, inspiring support for this transformational Project. Wirh the guidance of Made ArchitectUT¢ and the support of our consultant5. volunte¢r5. and tQmTnuni(y membcrs, we havc advanced the dcsign pliasc and moving toward thc dcvclopincni phasc. ICOB is taking shape ès an iconic landmark thai will blend community services, Cu1wr exchange. and spiritu81 enrichment uiider tsne roof. A C&tglyst for Prosperity Recognition The dcvclopinent of ICOB will be a catalysi for posilivt ehange. fostering Pride and opportunity in the lo¢al eominunity- It will offci a rangc of csscntial coinmvnity 5crvirc$. educational program5. ¢ntcrpris¢. qnd cvcnts to iiplift and cmpowcT jrtdivjdualg whilc promolingi cultUTal and spirimal exchange and mutual underntanding. Pagc 3
Docusign EnvelopÈ ID". F5653252-22784ESPA651-57E3666B12CC Beyond Birmingham, ICOB will serv¢ as art iconic landmark for the UK, r¢pr¢sentinby the richness of its multiculturdl heritage and the power of unity in divetsity. Internationally. it will Signal the sir¢ngth of collaboration ?nd liarmony. providing a model of excellcnce that inspires communitics around ¢h¢ world. In5pirAtion Ceneration5 to Come ICOB is not just a building-it Is a symbol of hopc, rc5iliencc, and sharcd humanity. By ¢tcaiing a space for people lo Connt. grow, and thrive, it will sland as a legacy of what can be achieved when we work io¥ether with purpose atld detennination. Other Services delivered by QAdri Trust Nikah Services: Celcbratillg New Beginning5 We ¢ontinue 10 provide f#eililies for eondueting nikah ceTemonie5 in gCLOTdanLe with Islamic traditions. offering couples the ¥upport and guidanee Ihcy nccd as they bc8in thcir lifc journcys together. Khul Divoree Support: Compas8ion4te Guid#nte in DiffiClt Ttmts For individuals and Couplts navigating marital cliall¢ng¢s. we offer emparhetic %upport and assistance. ensuring they ar¢ guided through the PTO¢¢SS of khula or divoT¢e in olignmcni wilh Islamic Sharia principl¢5. Events, Aeti%itie5. and Gatherings: Building Connection$ and EngAgement Over the past year, we have organised numerous inilialives lo prLimol¢ social ¢ngagJement, spiriNal devclopment. and cojnmunity cohcsion. We have taken steps addrcssing kcy issues affccting Ihc communiry from dLgJtal exclusion lo tackling healili In¢qualitlCS. OUT cveiits havc fostcrcd collaboraiion. purticipation, 2nd cmpowermcnt. Through partncrships with chorttics, local ag¢ncics, and community groups. wc have strengdi¢n¢d the bonds Ihat unite us and Lreu¢ed opportuniiies for %hared giowih and probiress. Looking Ahead- A Truture of Hope Impgct This year'& accomplishiii¢nls irflecl the dLdicalion of our ieam. volunteers, and supporters. From education lo humanitarian aid. from crisi5 Telicf to the dei'clopmcnt of ICOB. we arc proud of the progress wc have madc and the lives we have empowercd. A5 we move forward. we remain coinmitted to d¢cpcning our impact aTLd cieatirtg OPPOrtunitics for 8TOWth, empowement, and unity. Together, we tan build a future defined by hope. rtsilien¢¢, and shared humanity. Pa8e 3
Docusign EnvelopÈ ID". F5653252-22784ESPA651-57E3666B12CC Qadria Trust ( UK ) Trustees, Report Stru¢turei govern#nce And Man¥¢ment . and Slgncd on its bchalf by.. Mol)ammad Tayyab ur Rehtnan Tru5tcc Pase 4
Docusign EnvelopÈ ID". F5653252-22784ESPA651-57E3666B12CC Qadri% Trust ( UK ) Statement of Trustees, Responsibilitie5 The trustees (who are also the diKcloTE of Qadria Tiu%( l UK ) for thc purpo.ses of company18wl are re&ponsible for preparin¥ the Iru%iccs' report ttrtd thc financial 51atemenlb in accordanc¢ with the Untied Kinsdom Accountinb Stand4rd5 (Unitcd Ksngdom Gencrally Acceptcd Accounting Practlfe) and applicable law and regulations. Company law rcqulres the irnstLCS to prcpare financial siaiements for ea¢h financial ycaT. Under company law the twstees musi noi approve Ihc financial $18iemenls unless they are saiisfied Ihai they give a ITU¢ and fAir VLew of the siaic of affairs of tlic charitable company and of Ils incoming rcsources and applicatioii of wsources, In¢ludiiig its income and expendttur¢, for that period. In preparing Ihtse finaneial slatcmcnts. thc trustecs OT¢ required to.. select suitabl¢ accou[Ltin polici¢% and apply lern consistently) obscrvt tlic mcthods and principlcs in the Charities SORP., make judgements and estimdies t1¢ are reasonable and prudeni., slat¢ wheiher applitablc UK Accoutjiing 5tandaTds havc bccn followed, subj¢¢t 10 any material departure5 disclosed and explained in the financial staiem¢nls; and prcpare tlic financial statcmcnts tlic going concem basis unlcss it is inappropriatc io presumc that the charitable company will continue in bu%irtess. The trustees are responsible for keeping adequate accounting Tecords that are suftiLl¢nt io show and explain the charitable company's Irdnsaciions and di%losc with rcasonable acciiTacy at any lirne thc finuncial position of ihe charirable company and enablc Ihcm lo cn5ur¢ that the financial statemcnts comply with the Companies A¢i 2006. They arc also resportsible for safcnuarding Ihe 8ss¢1s of Ihe charitable company and h¢nc¢ for tokin reasonabl¢ sLcps for Ihc prevcniion and d¢ieclion gf (laud 3Hd othLT I[gUlarl[leS. Appruved by lh¢ tru5t¢¢s of the charily on ...... and signed on its behalf by- mad Tayyab ur Rchman Trusicc Pa8c 5
Docusign EnvelopÈ ID". F5653252-22784ESPA651-57E3666B12CC QHdri% Trust ( UK ) Independent Examiner'5 Report to the trustees of Qadria Trust ( UK ) I report to the charity tru%ices on niy examintstion of the &ccounis of the charity for the ycar ended 31 March 2024 which air sct out on pagcs 7 to 16. Re$pettive rc5POllsibilitics of trustets exxminer A5 Ihc cliarily'5 ITuslccs ol'Qadria Trust { UK I land also it5 dircctors for thc purp05cs of company lawl you are rc5ponsible for the Preparation of ihe arcouTrlS tn aceordancc witli thc requircmcnls of the Companies Aci 2006 I'the 2006 Act'l. Havinb7 $811sfied tnyself tliat the ac¢ount% ofoadna Trust { UK l arc not requircd to be audilcd llndcr Part 16 of thc 2006 Act and arc cligiblc for indeptndcni cxamination, l TCPOrt in rcspcct of ffty examination of your charity's actounts a5 carricd out under S¢Clion 145 of the Charities Act ?01 l ('the 2011 Acl'l. In earrying oui nly examination I have followed ili¢ Di(10n$ given by the Charity Commission und¢r 5¢clion 145{5llbl of the 2011 Act. Indepenent examiner's $tatemettt Since Qadria Trusi { UK )'$ gross income exceeded £250,000 your examiner musi be o me]nber of a body listed in section 145 of th¢ 201 l Act. I confimi thai l am qualified to undertak¢ the ¢xamintttion because l am a tneinber of ICAEW. which 15 one ofihe listed biyJi¢s. I have cotnpletcd my examination. I confirni that tLO atterS have ¢tsme my atiention in cOnntion with th¢ examination giving me cause io believe.. 4¢¢ouniinuF re¢ord5 wcrc not kept in respect of Qadria Tru511 UK ) as requiTed by setrion 386 of the 2006 Act: or ? the aecounls do not acconl with ihose TeroTds: OT 3. the accounis do not comply with thc accounting? requiremLnis of section 396 of the 2006 Act other th3 any requirement that the acLOUntS give a 'true and fail view, which Js rtot a matter considered as parl of an indcp¢ndcnl exami]Mtion'. or 4. Ihe accoun1¥ have not been prepared in accordanc¢ with the rtL¢thod5 and principles of the Statcmcnt of RecoLiimLnded PraLtice foi actouniinu and r¢porlitLk by ¢haTil1¢s lappliLable 10 charLlte* preparing their o¢counrs In accordance with IhL Financial Rcportitlg Standard applicable in the UK and Rcpublic of IT¢land IFRS 102}1. I havc no conccrns and have Come a¢ross no othcr mattcrs in conncction with the eKamirtation 10 which attention should be dTawn in this report in ord¢T lo enable a proper undeTStanding of Ilic account5 to be re&ched. P441 Nasir Rafiq ICAEW Dua Governance 123-131 Bradford Strccl Bradford Court Bitmingham B12 ONS 31 lanuary 2025 Datc:.............. Page 6
Docusign EnvelopÈ ID". F5653252-22784ESPA651-57E3666B12CC QAdria Trust ( UK ) Statement of FinAncial Activitie5 for the Year Ended 31 March 2024 (Inclllding Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unre%tri¢ted fuDd$ I'otil 2024 R¢5tricted funds ote Income and Endowmtnts from- Donations and legacies Oth¢r in¢om< 422.671 537.827 81,325 81.325 Toial incomc 196481 422,671 619.152 Expertditure on: Rai5inkF lund5 ChaTilable actii'ilies 325.988 12.5001 338.488 Total cxpcnditurc 437.719 12.500 450,219 Nei lexpendiwrellincome 241,238 410,171 168.933 Nct movcm¢nt in funds {241,238) 410,171 168.933 Reconeiliation of funds Total fund5 brought forward Total funds carried forward 1.734,347 1.734.347 1.493.109 410,171 1.903280 Unrcstricted funds Total 21123 Restricted fund$ Ineom¢ and Endowm¢nt$ from: Donations and legaci¢5 Other income 237,482 192.605 20,196 257,678 192.605 Total income 430,087 20.196 450,283 Expenditure on: Raising fund4 Charitabl£ activities 171,655} 167.349 {71,6551 169,309 1.960 Tolal expenditure 239.004 1,960 240,964 Net incomc 191,083 18.236 209,319 Nct moveinent in funds 591.083 18,236 209.319 R¢con¢iliation of fund5 Toial fund5 brought forward Tolal fuTLds earried forward 1525,027 1,525,027 1.716.110 18,236 1.734.346 All of the eharity's aCtjvili¢5 dcTLVC from continuing Opcfdtions during thc above pcriods. The funds breakdown for 2023 Ès shown in r)ote 15. Pagc 7
Docusign EnvelopÈ ID". F5653252-22784ESPA651-57E3666B12CC QAdria Trust ( UK ) (Registration number: 06702714) Balance Sheet as at 31 March 2024 2024 2023 Nott Fixed as5etS Tan8ibl¢ assets 12 1.812,854 1,375.302 Currcnt a$5et5 Cash at bank and in hund 13 136,495 400,613 Creditors: Amounts falling ue within one vear 14 46.069 41.569 Net current assets 90.426 359,ts14 Net asscts 1,903.280 1.734,346 FuNd5 of the charity: Xe5tritted income funds Restrictcd fund5 410.171 18,236 Ilnrcstricted incojne fund5 Unr¢51TlCted funds 1,493.109 .716.110 I'otal funds 15 1.903.280 1.734,346 For tlie finuncsal year ending 31 Marcli 2024 the charity was entitled io exemption from audit under section 477 of Ihc Companic5 Act 2006 rclating to small coinpanies. DirecroTS' re5ponsibili¢i¢s-. Tl)e mernb¢TS have not rquired ihe eharity to obiain an audji of its accounts for the year in question in 3crordanc¢ with section 476,. artd Thc dircetors acknowledge thcir responsibilities for complying with the requircrncnt5 of the Act with rcspcct io accounting records and the prepration of accounts. The5c accounts hav¢ bccn prcpaT¢d in accordance with the provisions applicable to companic5 subject to the small conipanies regiime. The flnantial st)¢em¢tLLs on Pdges 7 to 16 were approved by the trustees, and authorised foT issue on MohaiMm4d Tayyab UT Rchman Trustcc Pa¥e 8
Docusign EnvelopÈ ID". F5653252-22784ESPA651-57E3666B12CC Qadria Trust ( UK ) Notes to the Financial Statements for the YeAr Ended 31 March 2024 I Charitv StHtus Tlic charity is limited by guarantee, incorporated Jn En8land and Wulcs. and conscqucntly does not have sharc capiial. Eaeh of the ttuslees is liablc to contribute an amouni not cxce¢ding £Nil towards the assets of the charity ill Ihc cvcnl of liquidation. Tlie addr$ of its TekJisler¢d offite is.. 26 Alfred SITe¢t Sparkbrook Birniingham B12 8JL 2 Accounting policie5 Surnmary of significant aecountillg politl¢S And key accounting estimAtes The principal accounLing policies applied In the preparation of thcse financial stalemenis are set out bclow. Thesc policics have bccn consistently applicd to all Ihc ycars pre5¢nted, unless othcrwise stat¢d. Statement of compliance The financial siaicmenis have bccn prcparcd in accordancc with Accountin8 and Rcpoiling by CliaritjC5.' Siaicmenl of Recommended Practice applicable to charitie5 preparing their account% in aecordance iviih the Financial Reporting S12ndard applicablc in thc UK and Rcpublic of Irelartd IFRS 10?) leffectivc l January 2015} - IChantie5 SORP IFRS 10?11. the Finoncial Reportin Standurd applieablc in ilie UK and Republic OF Ireland IFRS 1021. They also comply wtth the Companics Act 2006 and Charilics Act 2011. BA515 of preparation Qadria Trust l UK I meets thc deflnilion of a public benefit cnlity under FRS 102. A%sets and liabilitses are Initially rceognised at l)isrorical c05t or trao$aciion v8luc unlc5s orh¢twisc slatcd in the relcvant accounting policy notes. Going concern The tnLStees e0ft51der 11121 there are no Inal¢rial uncertainlics about the charity's ability to Continue as a goin ¢onecrn nor any significant areas of unccrtainty that affcct th¢ carryittg value of a5SCts' hcld by thc cliarity. Exemption from preparing a cH5h flow st8tement The charity opted 10 early adopt Bulletin I published on 2 Fcbrnary 2016 god havc thcrcfor¢ noi ineludcd a cash flow staletneiit in the%¢ financial 5taiements. Income And endowments All income is Te¢ogFnised once the charity hJs entitlemertr to the income. It is pmbable that the irtcome will b¢ i¢E¢ivcd and th¢ atnoutlt of th¢ incuine receivabl¢ can bc measured rcliably. Page 9
Docusign EnvelopÈ ID". F5653252-22784ESPA651-57E3666B12CC QadriA Trust ( UK ) Notes to the Financial Statement5 for the Year Ended 31 March 2024 Donrti10115 firtd legrtcies Donations are rccognis¢d when ihe rhariiy has b¢¢n notified In writin¥ of both tl)c amoLinl and 5cltl¢mcnl datc. Ln thc cvcnt that a donation 15 subject to conditions thai rcquirc a Icvcl of pcrfomiancc by thc chaTtty bcforc thc eharity is Entitled lo the funds, the inwmc is d¢f¢rred and not rccogniscd unlil either Ihose conditions are fully tnet, or thc fuifslmcnl of Ih05c conditions is wholly wiihin the conrrol of the chariiy and it is probabl¢ Ih?i ihese condirion$ ivill bc fulfillcd in ihc repoTting pcriod. xpenditure All expenditure 15 recognised once there is a legal or constTUClive obligation to that ex]xnditure, it i¥ Probable 5Cttlctnrnl is required and Ihc amount cart bc mcasurcd Tcliably. All c0515 are #llocated io Ilie applicable cxp¢nditure hcading tl)at aggTC8atc siinilar c051s 10 th21 category. Whcrc c051s cannot bL dircctly atlributcd io pafficular heading5 they have been AIIoLaled on a b8515 LOnSiSient iviih Ilie u5¢ of T¢Sources, with ccntral siaff Costs allocated on Ilie basis of tiinc spent. and depreciation chargc5 allocatcd on the portion of ihc a55¢t's use. Othcr support costs ar¢ allocated bas¢d oiJ thc sprcad of slaff costs. RNisingfi¢iid5 Thc5c arc costs incurrcd in attrdcting voluntary incomc, ¢he nianagcmcnt of inv¢sim¢nls and those in¢urred in ¢Tading ttctivitics that raisc funds. Cliorilfibl¢ rtclivilies Chllriiable cxpcnditure compriscs those ¢osis incurred by ihe tharity in the delivery of its aciiviiies and 5eTvices f(>r its bencfjciaries. li includcs both ro$ts that can b¢ allocated dirccily lo such aGtLVltJeg and rhose c05t5 Of an indir¢cl nature necessary io support them. Grnntprtsvisiolls PTovision5 for grants arc madc wh¢n ihc intcntion to make a grant has bccn corntnunicatcd to the Tccipicnt but there is unceriainly about either the tiinjrtg of the grant QT the amourtt of grant payable. GoYernanc¢ eo$t$ The8e include thc cosis attributable to ihe Charity's con)pliance with constltutional and sialulory rquirement5, in¢luding audit. strategic mana8cm¢nt and trustCCS'5 m¢¢lings and reimbuT5cd cxpcnscs. Taxition The charity is considcrcd to pa5S th¢ tcsls set out in Paragrdph I Schedule 6 of the Finance Act 2010 and therefore it meeis rhe dcfjnitiott of a ¢hariiablc company for UK corporation tax putposes. Accordingly, Ihe harity is poieniially exempi from taxation in respecl of ijjcome or capital gains rcccived witliin catc8oric$ ovcrd by Chapicr 3 Part I l of the Corporation Tax Act 2010 or Scction 256 of thc Taxation of Chargeable Gains Act 1992, 10 ihe exlcnl thai such incomc or gain5 are applied exclusively to charitable purposes. Tangible fixed 955ets Individual fixed assets cosiing £0.00 or mOTe dre initially rorded at cost. Icss any subsequent aecumulatcd dcpreciation and subsequent aecumulatcd impairmcnt10ssc5. Depreci#tion #Trd amortisation Dcprcciaii(>n is Providcd on tsngiblc fixcd asscis so os to writc off ihe cost or valuatioTh, le55 any eslimaicd residual value, over iheir exp¢¢¢¢d useful econotnic life as follow5.' Pag¢ 10
Docusign EnvelopÈ ID". F5653252-22784ESPA651-57E3666B12CC Qadria Trust ( UK ) Notes to the Financial Statements for the Year Ended 31 March 2024 C#sh cgsh equivalents Cash and cash equivalent5 comprisc cash on hand ond call deposits. and oihcr sliort-term highly liquid invc5tmcnts thai aT¢ Teadily convcrtible to a known ajnounl of rash and are subject to an in5ignifi¢ant risk of clian¥e in value. Borrowlngs Inicrcst-bcoring borrowing% arc Initially rc¢orded ai fair valuc. n¢1 of transaeiion costs. Interest-be#ring borrowings are subscqu¢nily ¢arricd ai amortiscd eosl, witli th¢ diffcTcn¢c bctwlcn Ihc procctds. ncl Ot. transaction cosL*, and ihe amount due on redempiion being recognised as a ¢harge to ihe Statement of FiTw¢nci&I Aciivities over th¢ p¢riod of ilie relcvani borrowing. Inicrest cxpen5c Is reco8nised on the basis of th¢ effective intercst method and is included in interest payable and similar charges. Borrowin&s are classified as rurr¢nt lÉabilitie5 unless the charity has an unconditsonal right io dcfcr s¢ttlemenl of the liability for at Ica5t twelvc TnoDths aftcr thc reporting daic. froreign exehange Ttansaciions in foreign rurr¢noies are recoTd¢d at the rai¢ of cxchang¢ at th¢ date of the transaction. Monetary a5seis artd liabilities denominat¢d irt foreign currcnriu al the baSancc shect date or¢ reported at thc Tat¢5 of cxchangc prcvailin8 at that datc. The result5 of over5ca5 op¢ralions arc translated at the average rates of ¢xchank?e during the period 3nd Ihcir balance sheets ai the raies Tuling ai the balance sheei date. Exchangc differcncc5 2FiSLng on trnnslJiion of the opening net as5¢t5 and r¢su115 of overseas opeTalions are reported in oiher comprehensive income artd ccumulated tn cquity lattributcd lo rtoii-controlling interests as appropriatel. Other exchangc difference5 are reco&nised in the Stsiemeni of Financial Activities jn the period in which they arise cxcept for- l) ¢xchangc differcnccs on transaclions cnicred into io h¢dgc certain foreign curr¢n¢y risks (see above); 21 exchange diFferen¢es ar5sing on gains or losses on non-monetary items which are rccosnis¢d in othcr tomprehcn5ivc income. and 3} in th¢ casc of the con501idatcd flnancial statcrnents. cx¢hange differcncc5 on tnonethry items Teccivablc from OT payable to a foreign operation for which scitlcment is neither planned nor likely to occur Irher¢fore forniing part of th¢ ncl invcstmcnt in thc foreign operation), which aTC Iccogniscd in other rotnpithcnsive incomc and rep)rted under equiry. Fund 5tructurc Unrcstricied income fund5 arc gcncr81 funds that arc av#i18ble for use at the tru5te¢s'5 distreiion in fvrrhcrancc of Ihe objectives of the charity. Resiricicd incoine funds arc those donated for u$e in a particular area or for sp¢¢ific purposes. rhe use of which its re%triLlcd to that arca or PULP05¢. Page 11
Docusign EnvelopÈ ID". F5653252-22784ESPA651-57E3666B12CC Qadrifi Trust ( UK ) Notes to the Financial Statements for the Year Ended 31 Mareh 2024 3 Income from donation8 And legaeiei Ilnrestricted Total 2024 Total 2023 Gener41 Restrietcd funds Donu¢ions and legacLC5,' Donations io major appeals 115.156 115,156 4?2,671 422.671 537.827 537.827 257,678 257.678 4 Other income UnreslTiCted funds Tot81 2024 Total 2023 General Other M05que 5erviccs Rertlal income 145.000 7.755 39,850 192.605 39.505 41.820 81.325 39,505 41.820 81.325 S Expenditure on rAi5ing fund5 Costs of generating donations knd leg%tie5 Unrestricted funds Totfil 2024 Total 2023 GenerAI Other dJTe¢t Cts5ts of geneTaiing voluntary irtcomc 71.655 Page 12
Docusign EnvelopÈ ID". F5653252-22784ESPA651-57E3666B12CC QdriA Trust ( UK ) Notes to the Financial StAtements for the Year Ended 31 M4reh 2024 6 Expenditure on ch4ritsble gctivitles 2024 2023 Depreciation Salaries & NIC IT 3,900 72.368 24.827 167,262 19.367 4.334 2.092 12.500 4,215 3,897 1,519 1,761 1.781 11.407 695 4.500 2.063 338 488 3,900 70,875 32,900 28,236 12.570 2,617 7,933 1.960 3,857 1.607 1.539 681 634 Lcgal & Professional Fccs Light, Heat & Water Repairs & Maiptenance Office expcnses Grani Insurance Tclcphone & Inicrnct Printing, Postage, St3tion¢ry Bank Charges Clcaning Subscription Accountancy Fee Indepensenrt Examination fee Travel 169,309 7 Analv5is of governance and support Costs Covernance costs Unrestricted funds Totsl 2024 Total 2023 General Independent ¢x)miner fees Examination of the financial statcments 4.500 4,5(Y) 4,500 4.500 3.500 3.500 8 Net incomingloutgoing resourcL Net iticoming resourLes for the year include: 2024 2023 Depreciation of fixed assets 3.900 3.900 Page 13
Docusign EnvelopÈ ID". F5653252-22784ESPA651-57E3666B12CC Q#dria Trust { UK ) Notes to the FinaDci•I StAtements for the YeAr Ended 31 March 2024 9 Staff costs Th¢ as8regat¢ payroll ¢osis wer¢ as follows-. 2024 2023 S¢a(f c05t5 durlng the year wcre: Wagc5 and salarie$ Social security costs 66.506 5,862 72.368 63.186 7.689 70.875 No employee reeeived emoluincnt5 of more thart £60,(M)O during the ye)i. Mr Mohammad Tayyab Ur iiehman. thc trusl¢c. received £18,50012023.. £18.5001 as salary during th¢ y¢ai. 10 Independent exxminer's remuneration 2024 2023 Eyaminalion of the finan¢ial siaiements 4JOO 3.500 Page 14
Docusign EnvelopÈ ID". F5653252-22784ESPA651-57E3666B12CC Qadria Trust ( UK ) Notes to the FinAncial StAtements for the Yenr Ended 31 Mareh 2024 I l Taxation The charity is a r¢gistCT¢d charity ajd is thcrcforc cxcmpt from taxation. 12 Tanglble fix¢d 8s5ets LArtd and bu51ding5 Furniture equipment Totgl C05t A¢ l April 2023 Additions 1.389,078 440.167 56.424 1.285 1.445.502 441,452 At 31 March 2024 1.829.245 57.709 1.886,954 Depreci&tion At l Aprs12023 Charge for the year At 31 March 2024 69,123 3.748 1,077 152 70,2Th) 3,900 72.871 1,229 74.100 Net book value At 31 March ?024 1.756,374 56.480 1.812.854 At 31 March 2023 19,955 55.347 1.375.302 13 Cash and cish equivalent5 2024 2023 Cash at bank 136.495 400.613 14 Cr¢ditors: fAlling due within onc ye*r 2024 2023 Other tltOrs Accruals J8.069 8.000 46.069 38.069 3.500 Page 15
Docusign EnvelopÈ ID". F5653252-22784ESPA651-57E3666B12CC Qadria Trust ( UK ) iyotes to the Financial Statements for the Yexr Ended 31 MArch 2024 l.$ Funds B#lxnce at I April 2023 Incoming rc5our¢es Resouree5 expended B#lAnce At 31 M9rch 2024 Unrcstricted fund5 Gcnerdl 1.734.347 196,481 1437,7191 1,493,109 Restricted funds 422.671 12,500 410 171 Tot#1 funds 1.734.347 619.152 450.219 1.903.280 Balance at I April 2022 Ineoming resources Resourees expcnded BaIan¢e 4t 31 March 2023 Unre$trieted funds Genernl 1,525.027 430.087 1239.004) 1,716,110 Restricted fund$ 20.196 1.960 111.236 Total funds 1.525,027 4SO.283 240.9641 1.734.346 16 Analysi5 of net X55ets between funds Unrestrseted funds General Restricted funds Total fub)ds Tangible fixed a5setS Currenl assets Current liabilities 1.396,650 142.528 46.068 416.204 16.033) 1,812.854 136.495 46,068 Toial net QS5ets 1,493.110 Unrestricted funds 410,171 1,903,281 Totxl funds at 31 March 2023 General Restricted funds Tangible fixed assets Current asset5 Currcnt liabiliiics 1.375.302 382,377 41569) 1.375,302 400,613 41,569 18236 Total ne¢ SSelS 1.716.110 18.236 1.734,346 PagE 16