**Company registration number: 08087672**
**Charity no: 1149542**
## **ZAKAT FOUNDATION OF INDIA (INTERNATIONAL)**
**Company limited by guarantee**
**Directors’ and Trustees’ report and financial statements**
**Year Ended: 31 May 2024**
1
## **Contents**
||**Page**|
|---|---|
|Trustees (Director’s) report|**3**|
|Independent Examiner’s Report|**6**|
|Statement of financial activities|**8**|
|Balance Sheet|**9**|
|Notes to the financial statements|**10**|
2
**Zakat Foundation of India (International) Company limited by guarantee Charity no: 1149542 Company Number: 08087672**
## **Trustees’ (Director’s Report)**
The Trustees, who are also Directors of the charity for the purposes of the Companies act, submit their annual report and the financial statements for the year ended 31 May 2024.
## **Objectives and activities for the public benefit**
The Foundation achieves its Charitable purposes as follows:
The primary objective is to provide assistance- Financial or Otherwise- to Zakat Foundation of India.
Zakat Foundation of India is a Non-Governmental/Non-Profit Organization based in India whose objectives are to
1. Collect and utilize ‘zakat’ or charity for socially beneficial projects in a transparent and organized manner;
2. Run various projects which result upliftment of the poor, needy and deserving Muslims of India.
## **Directors**
The directors (Trustees) who served during the year are as stated below:
Trustee (Chairman): Dr Syed Zafar Mahmood Trustees: Dr Mohammed Jafer Hussain Qureshi Rev Fr Dr Thumuraj Packiam Dr Syed Saad Mahmood Mr Mohd Shakil Mr Shadab Ahmad
## **Governance and Management**
The Charity is a company limited by guarantee and a charity registered with the Charity Commission of the UK. Details of Governance are as set out in the articles of association. It has no share capital and the liability of each member in the event of winding-up is limited to £10.
## **Reserves Policy**
The Trustees aim to maintain free reserves in unrestricted funds to cover the day to day running costs of about £2000.
3
**Zakat Foundation of India (International) Company limited by guarantee Charity no: 1149542 Company Number: 08087672**
## **Summary of the main achievements during the period**
## **Activities that the Charity was involved in**
## **Orphanages**
The Foundation runs two orphanages, known as Happy Homes in Delhi (one each for boys & girls). For further details kindly visit: http://www.zakatindia.org/ProjectsOrphanage.html
## **Medical Centres**
The Foundation runs free medical centres for the poor and needy - known as Mercy Homes situated in Zakat House, Madanpur Khadar, New Delhi and Zakat House, Bahraich (UP) where poor patients are attended to, medicines are disbursed to them and they are provided referral to Tertiary Centres when needed. For further details kindly
visit: https://www.zakatindia.org/ProjectsMedical%20Services.html
## **Day Care Centres**
ZFII runs two Day Care Centres in Aligarh and Rampur for the children of daily wage-earning labourer couples. Details are available at: https://www.zakatindia.org/DayCare.html
## **Tailoring Institutes for Poor Girls**
ZFII runs tailoring institutes in New Delhi, Aligarh and Bahraich in order to empower poor girls. Details can be seen at: https://www.zakatindia.org/Girls-Tailoring-Institutes.html
## **Monetary assistance and scholarships:**
Zakat Foundation disburses monthly food rations/stipends to widows, needy families and indigent people. In addition, scholarships are provided to students who cannot afford their educational expenses.
## **Empowerment through guidance & coaching**
ZFII provides guidance and coaching to academically bright but financially needy girls and boys to well prepare for competitive examinations conducted by the central and provincial public service commissions. This is done at ZFI’s Sir Syed Coaching & Guidance Centres in New Delhi, Lucknow, Bhopal and Bahraich.
Please follow link for further information: https://www.zakatindia.org/CivilServices.html ZFII has further diversified its empowerment project by putting up additional institutional arrangements to select and prepare larger number of candidates for the examinations. Awareness cum orientation programs were organized in several states.
The ZFII Unit for non-UPSC (Union Public Service Commission) services began functioning in 2020. Currently students from forty-one districts are receiving online as well as physical coaching. The preparation and appearance at such competitive examinations is a continuous process. Good results have been coming in.
## **Disaster Relief**
ZFII provides material and financial assistance to the victims of disasters. For further detail, please follow link: https://www.zakatindia.org/DisasterRelief.html
## **Retrieval & Restoration of Public Charitable Endowments**
ZFII runs National Waqf Academy providing guidance and coaching to interested persons empowering them to systematically make efforts for retrieval of charitable public endowments from illegal occupation or misuse and their restoration for public benefit. Details can be seen at: https://www.zakatindia.org/NWA.html
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**Zakat Foundation of India (International) Company limited by guarantee Charity no: 1149542 Company Number: 08087672**
## **Public Benefit**
The Zakat Foundation of India (International) has referred to the guidance in the Charity Commission’s General Guidance on Public Benefit when reviewing its aims and objectives and in planning its activities. The activities of the charity are planned to contribute to the aims and objectives set out in our Articles of Association.
## **Statement of trustees’ responsibilities**
Company law requires the trustees to prepare financial statements for each financial year. Under that law the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that year. In preparing these financial statements, the directors are required to:
- select suitable accounting policies and apply them consistently;
- observe the methods and principles in the Charities SORP 2015 (FRS102)
- make judgements and estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company 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 company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report was approved by the Board on 27[th] March 2025 and signed on its behalf by
SAhmad S Ahmad Trustee
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**Zakat Foundation of India (International) Company limited by guarantee Charity no: 1149542 Company Number: 08087672**
## **Independent Examiner’s Report**
|**Report to the**
**trustees/directors/**
**members of**
**On accounts for the year**
**ended**
**Set out on pages**||ZAKAT FOUNDATION OF INDIA (INTERNATIONAL)|ZAKAT FOUNDATION OF INDIA (INTERNATIONAL)|ZAKAT FOUNDATION OF INDIA (INTERNATIONAL)|ZAKAT FOUNDATION OF INDIA (INTERNATIONAL)|||
|---|---|---|---|---|---|---|---|
|||||||||
|||31 May 2024||||||
|||||||||
|||**Charity no.:**|**1149542**|Company no.:||**08087672**||
|||8-11||||||
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31/05/2024.
As the charity’s trustees of the Company (who are also the directors of the **Responsibilities and** company for the purposes of company law), you are responsible for the **basis of report** preparation of the accounts in accordance with the requirements of the Companies Act 2006 (“the 2006 Act”).
Having satisfied myself that the accounts of the Company are not required to be audited for this year under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (“the 2011 Act”). In carrying out my examination, I have followed the Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act.
**Independent examiner's statement** I have completed my examination. I confirm that no material matters have come to my attention which gives me cause to believe that:
• accounting records were not kept in accordance with section 386 of the Companies Act 2006; or • the accounts do not accord with such records; or
• the accounts do not comply with relevant accounting requirements under section 396 of the Companies Act 2006 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination; or
- •the accounts have not been prepared in accordance with the Charities SORP (FRS102).
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**Zakat Foundation of India (International) Company limited by guarantee Charity no: 1149542 Company Number: 08087672**
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
|**Signed:**
**Name:**
**Address:**
|ZAMukadam|26/03/2025|
|---|---|---|
||||
||Zahira Mukadam, FCCA||
||||
||183 Edgware Road||
||London||
||NW9 6LP||
7
**Zakat Foundation of India (International) Company limited by guarantee Charity no: 1149542 Company Number: 08087672**
## Annual accounts for the period
Period end 01/06/2023 **To** 31/05/2024 date
## **Section A Statement of financial activities (including summary income and expenditure account)**
|**Expenditure**
**Expenditure on:**
Tax payable
Net gains/(losses) on
investments
**Extraordinary items**
Other gains/(losses)
**_Reconciliation of_**
**_funds:_**
Charitable activities
Other trading activities
**Net income/(expenditure) before tax for**
**the reporting period**
Raising funds
Separate material item of income
Other
Other
Investments
**Other recognised** **gains/(losses):**
**_Total_**
**Recommended categories by activity**
**Income**
**Income and endowments from:**
Donations and legacies
Gains and losses on revaluation of fixed assets for the
charity’s own use
Charitable activities
Separate material expense item
**_Total funds carried forward_**
**_Total_**
**Net income/(expenditure) after tax**
**before investment gains/(losses)**
**Net income/(expenditure)**
**Transfers between funds**
**_Net movement in funds_**
Total funds brought forward|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**funds**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05
25,783
-
-
25,783
21,870
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-|
|---|---|
||25,783
-
-
25,783
21,870|
||-
-
-
-
10,115
-
-
10,115
11,200
865
-
-
865
2,389|
||10,980
-
-
10,980
13,589|
|||
||14803.00
-
-
14803.00
8281.00|
||-
-
-
-
-|
||14803.00
-
-
14803.00
8281.00|
||-
-
-
-
-|
||14803.00
-
-
14803.00
8281.00|
||-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-|
||14803.00
-
-
14803.00
8281.00|
||16,180
-
-
16,180
7,899|
||30,983
-
-
30,983
16,180|
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## **Zakat Foundation of India (International) Company limited by guarantee Charity no: 1149542 Company Number: 08087672**
## **Section B Balance sheet**
|**Fixed assets**
**Intangible assets**
**Tangible assets**
**Heritage assets**
**Investments**
**_Total fixed assets_**
**Current assets**
**Stocks**
**Debtors**
**Investments**
**Cash at bank and in hand**
**_Total current assets_**
**Creditors: amounts falling due within**
**one year**
**_Net current assets/(liabilities)_**
**_Total assets less current liabilities_**
**Creditors: amounts falling due after**
**one year**
**Provisions for liabilities**
**_Total net assets or liabilities_**
**Funds of the Charity**
**Endowment funds**
**Restricted income funds**
**Unrestricted funds**
**Revaluation reserve**
**Fair value reserve**
**_Total funds_**|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total this**
**year**
**Total last**
**year**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05
- - - -
-
- - - -
-
- - - -
-
- - - -
-|
|---|---|
||- - - -
-|
||- - - -
-
- - - -
-
- - - -
-
31,833- -31,833
16,880|
||31,833 - - 31,833
16,880|
||850 - - 850
700|
||30,983 - - 30,983
16,180|
|||
||30,983 -**-**30,983
16,180|
||- - - -
-
- - - -
-|
||30,983 - - 30,983
16,180|
||-
-
-
-
-
-
30,983
- 30,983
16,180
-|
||30,983 - - 30,983
16,180|
_**The company was entitled to exemption from audit under s477 of the Companies Act 2006 relating to small companies.**_
_**The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.**_
_**The directors acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to accounting records and the preparation of accounts.**_
_**These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies regime and in accordance with FRS102 SORP.**_
|Signed on behalf of all the trustees/directors|SAhmad
Date of
approval
dd/mm/yyyy
27/03/2025
S Ahmad|
|---|---|
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**Zakat Foundation of India (International) Company limited by guarantee Charity no: 1149542 Company Number: 08087672**
## **Notes to the Financial Statements**
## **1. General information**
The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is 183 Edgware Road London, NW9 6LP.
## **2. Statement of compliance**
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'
## **3. Accounting policies**
## a) Basis of preparation
The financial statements have been prepared in accordance with the Charities: Statement of Recommended Practice (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)) (issued in October 2019 **) -** (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Zakat Foundation of India (International) meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
## b) Preparation of the accounts on a going concern basis
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future.
## c) Income
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.
## d) Fund Accounting
All funds raised have been unrestricted in nature and available to spend on activities that further any of the purposes of charity as the trustees see fit.
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**Zakat Foundation of India (International) Company limited by guarantee Charity no: 1149542 Company Number: 08087672**
## e) Expenditure
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required, and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:
- Costs of raising Funds
- Expenditure on charitable activities including Donations.
- Other Expenditure- Largely administrative and regulatory expenses.
## f) Taxation
The charity is exempt from tax on its charitable activities.
## **Tangible assets**
Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
## **Depreciation**
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
## **4. Limited by guarantee**
Liability of members is restricted to £10 in case of winding up of the company.
11