Company registration number." 08248868 Charity registration number: 1157121 Jamia Alfurqan Limited (A company limited by guarantee) Annual Report and Financial Statements for the Year Ended 31 October 2024
Jamia Alfurqan Limited Colltellts Reference and Administrative Details Strategic Report Trustees, Rert 3to4 Independent Examinevs Rewyrt ststement of Financial Activities Balance Sheet Statement of Cash Flows Notes to the Financial Statements 9t014
Jamia Alfurqan Limited Reference and Administrative Details Seeretsry Maq500d Mir Charity Reglstration Number 1157121 Company Regtstratlon Number 08248868 The ¢harity is incorporated in England. 845 Uxbridge Ro Hayes. Englan United Kingdom UB4 8HZ Registered Office Principal Office 845 Uxbridge Road. Hayes, England, United King(lom UB4 8HZ Page I
Jamia Alfurqan Limited Strategic Report for the Year Ended 31 October 2024 The tsustees, who arc directors for the purw)se8 of company law, present their strdtegic report for the year ended 31 October 2024, in compliance with s414C of the Companies Act 2006. FinaneiAI revlew During the year th)nations amounting to £35.9k were raised. (2023: £4.9k). Fundraising w&8 comparatively improved as Charity resumed its operations durlng the year after COVtD-19. The Charity has Total Reserv¢s of £68k (2023: £115k). The Charity spent £29k on different Gharitsble projects and is continuing to evaluate on how to expand upon their Charitable Activitie5 where its fijnds are most needed. Different opportunities are still being assessoj and evaluated for the upwming year in accordance with the Charity's Monitoring & Evaluation process. Policy on reserv The trustees Consider the reserves to be suificient to m¢et the future needs of the Charity. The strategic report w&s approved by the tsustees of the ¢harity on 10 July 2025 and signed on its behalf by: Mr Iqbal Raja Trustee Page 2
Jami& Alfuryan Limited Trnstees, Report The tnths. who are directors for the purp)ses of company law, present the annual report together with the fin8ncia] statements and auditors, rep)rt of the charitable company for the year ended 31 October 2024. Objecthres and actlvltles Objects and aln The CUTrent objectives of Al Furqan are two-fold: l. To promote teaching and tenets of Islam. through worship. rites of passage. and provision of facilities for Islamic education in accordance with the teachings of the Holy Qurfan and the SuDnah of the Prophet Muhammad (PBUH) as defined by imams and scholars of the Sunni Hanafi-Barelwi school of thought of the Asian subwntinent. 2. To teach the tru¢ and peaceful teachings of Islam to the younger generation through the evening classes for children. There are 330 students enrolled. 3. To provide a peaceful place of worship for daily and weekly congregational prayers, a pla¢e where communities ¢an wme together and be more cohesive. Facilities include prayer holding for the bi-yearly Eid Prayers. The second aim of the Ai Furqan is towards the elimination of povety. through Orphan swjnsorship, Foo Water & Education initiatives in very poor areas of Pakistan. The objectives are as follows. l. To uplift the lives of orphan children. by providing them with the basi¢ neces51ties of Itfe, as well as providing edutIonal opportLmities. Thts is made possible thmugh Orphan Sponsorship Schemes 2. To allevia* poverty and better the living condition of those deprived from blC facilities anywhere in the world, by providing clean drinking water, food packages & health care. 3. To provide a transparent System of religious sacrifice (Qurbani) and provide food ¢Jistribution to those who are in a dire state of need. Publlc bene The activities that further public benefit are discussed in the objectives and aims. The trustees confirni that they have complied with the requirements of section 17 of the Charities Act 201 I to have due regard to the public benefit guidanct published by the Chartty Commission for England and Wales. Trustees and officers The trustees and officers serving during the year and since the Y end were as follows: Trustees: Dr Khurshid Ahmed Mr Mohammed Shafique Mr Iqbal Raja Maqsood Mir Structurei governonce and management N(tture ofgovernlng docupMIl The charity is controlled by its governing documenL a deed of trusL and constitutes a limited company, limited by guarantee, as defined by the Companie5 Act 2006. Page 3
Jamia Alfurqan Limited Trustees, Report Recrullnwnt and appolntMnÉ oflrustees The trnstees are legally responsible for the governance and management of the charity. There was same board of trustees as l&st year consisting ofthree trustees. Tntee8 are responsible for devising, implementation andreview of )licies, strategies andntrol8. Organtsadonol struclure The charity directors otherwise known as trustees are responsible for the general control and management of the activity. The ttustees give their time freely and receive no remuneration or fancial benefits, except for any that are mentioned in the notes to the financial statements. Statement of trustee5' responsibilities The trustees (who are also the directors of Jamia AlfLtrqan Limited for the purw)5es of company law) are responsible for preparing the tru5tees' report and the financial ststements in accordance with applicable law and United Kingdorn A¢counting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland.. Company law requlres the trustees to prepare financial statements for each financial year. Under company law the trustees 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 charitable company and of the incoming resources and application of resources, including its iThwrne and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to: select suitable accounting policies and apply them wnsistently. observe the methods and principl¢s in the Clwities SORP. make jud8¢m¢nts and estlmates that are rOnable and prudent. state whether applicable a¢¢ounting standards, comprising FRS 102 have been followe subject to material departures disclosed and explained in th¢ financial statements; and prepare the financial statements on the going concern basis un1¢5S it is inappropriate to presume that the charitable company will contlnue in business. The trustees are responsible for keeping proper accounting records that disclose with re&sonable accura¢y at any time the fmancial p)sition of the charitable company and enable them to ensure that the fmancial statements comply with the Companies Act 2006. They a also responsible for safeguarding the &8sets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other iTregularities. The trustc¢s are responsible for the maintenanre and integrity of the coorate and financial information included on the charitsble wmpany's website. Legislation governing the preparation and dissemination of financial statements nY differ from legislation in other juri3di¢tions. The annual report Was approved by the trustees of the charity on 10 July 2025 and signed on its behalf by: Mr Iqbal Raja Trus¢ Pa8¢ 4
JAmia Alfurqan Limited Independent Examlner's Report to the tni8tees ofJAmia Alfurqan Limited Cthe CompaDy') I report to the thaTity tru8tees on my examination of th¢ acCts of the Company for the year ended 31 Ootober 2024. Re5ponslbllltks •nd basts ofreport As the charity'5 trustees of the Company (and also its dlrector8 for the pUrySeS of wmp8ny Iv4W) you are re$wTrnsibl¢ for the preparation of the accounts in ac(x)rthce with the requirements of the Companies Act 2006 ('the 2006 Act.). Having 8ati8fied myself th8t the acL%)unts of the Comparty aT¢ not required to be audited under Part 16 of the 2006 Act Are eligible for independent examiMtion, I re>xirt in re8t of my examination of YOUT ¢harity's accounts fts carried oul under sectlon 145 of the Charities Act 2011 ('thc 2011 Act.). In caryin8 Out my examitIon I have followed the Direction5 8iven by the Ch4rity Commission under section 145(5Xb} of th¢ 2011 Act. Independent examlner's statenjent I have completejj my ¢x8minatton. I confm that matters hwe come to my Attention in conne¢tion with the examination 8ivlng m¢ ¢8u5¢ to believe.. l. acwuntin8 reo)rds were not kept in respect of Jamia Alfiwqan Limitoj &8 rvauired by Section 386 of the 21J)6 Act or 2. the acwunts th not a(*)Jxl with those rrt. or 3. the &CUnts do Thot comply with the aLXX)unting requirements of section 396 of the 2006 Act other than any requirement that the aw)unts give a'true and fair viwv which is not & m8ll¢r wn8idered &8 part of an indepffldent examinatio or 4. the awunts have not been pr¢par¢d in accordance with th¢ methods and prinoiple8 of the Statement of R¢cvmrnended Practic¢ for a¢untIng and rertEn8 by charitie8 [applicabl¢ to charities prep8Ting their accr¢unts in aLlanCe with the Financial Rep)rtitig St8ndBTd appliLYble in the UK and Republic of treland (FRS 102)]. I have no concerns and h8ve Lx)mc across r#) other matters in wnnection with the wmination to which attention should be dra in this report in order to ble a proper UDders¢gndin8 of the Unts to be reached. Mu1w Umer S81m8n Akram (ACCA) Memlkr AlatIOn of Cl Certif Aw)untaDt 10 July 2025 Page 5
Jamia Alfurqan Limited Statement of Financial Activities for the Year Ended 31 October 2024 (Includlng Income and Expenditure Account and Statemellt of Total Reeogniwl Gains and Losses) Unrestricted rulld8 Totsl 2024 Not¢ Income And EndovrnA¢nts from: lknnations and legacies Other income 35.980 10.003 35,980 10.003 Tot income 45.983 45.983 Expendlture on: Charitsble activiti (92.269) (92.269) Total expenditure Net expenditure (92,269) 92.269) 46286) 46286) Ne( movement in fvnds (46.286) (46,286) R¢¢iJllclJiation of fllnda Total fijnds brought fonlwd Total funds Carried forward 114,720 114.720 li 68.434 68,434 Unrestricted funds Total 2023 Note Ineome And EndowtDents from; Donation3 And legacies Othcr incom¢ 4.0 159.028 4,920 159,028 Total Income 163,948 163,948 Eipenditsre ott: Charitsble activities Other expendibjre (24.950) (178.786 (24.950} (178,786) Total expenditure Net expendi1ure (203.7361 203.736) 39.788) 39 7881 N¢t muv¢menl in lund5 (39.788) (39,788) R¢coD¢iiiati(•n of lunds Total funds bmu8ht forward Total funds carried forward 154,508 154.508 114.720 114,720 All of the charity's 8Ctiviti derive from continuing 0tiOnS durin8 the above two periods. The funds breakdown for 2023 is shown in note I l. The notes on pages 9 to 14 forni an integral part of these financial statements. Page 6
Jamia Alfuryan Limited (Registration number: 08248868) Balance Sheet as at 31 October 2024 2024 2023 Note Ffixed A$5¢ts Tangible assets 260 390 Current #$sets C&8h at bank and in hand 81,530 140,726 Credftors: Amounts falling due wlthln one year io (13,356 26.396 Net current 45setslOlabllltles) 68,434 114,330 Net assets 68,434 114.720 Fund$ of the cbarlty: Unrestrieted income funds Unrestricted funds 68,434 114,720 Totfdl funds 68,434 114.720 For the fmancial year ending 31 October 2024 the charity was entitled to exemption from audit under section 477 of the Companies Ath 2006 relating to small companies. Directors, restK)nsibilities: The members have not required the charity to obtain al) audit of its accounts for the year in question in accordance with section 476. and The directors acknowledge their responsibilities for complyin8 with the requirements of the Act with respect to accounting records and the pr¢paTation of accounts. The financial statements on pages 6 to 14 were approved by the trustees. and authorised for issue on 10 July 2025 and signed on their behalf by: Mr Iqbal Raja Trustee The notes on pages 9 to 14 forn] an integrnl part of these financial statements. Page 7
Jamia Alfurqan Limited ststement of Cash Flows for the Year Ended 31 October 2024 2024 2023 Note Cash flows from operating activities Net cash (expenditureyincome (46,286) (39,788) Adjustments to cash flows from non-eash Iten Depreciation 130 130 (46,156) (39,658) Working p]l ¥djustmtnts Decrease in creditor5 io 13,040 (1,882) Net cash flows from operating activities (59.196) 41,540 Cash flows from Investlng actlvities Purchase of tangible fixed assets Sale of tangible fjxed assets Net c&8h flows from investing activities (520) 178.786 (59,196) 178,266 Cash flows from finallcing activities IA)ans and borrowings rnis io 4,000 Net increase in cash and cash equivalents (59.196) 140,726 Cash and cash equiVCnts at l November Cash and cash equivalents at 31 October 140,726 81.530 140,726 All of the cash flows are derived from continuing operations during the alx)ve two periods. The notes on pages 9 to 14 fonn an integral part of these fllwicial statements. Page 8
Jamia Alfurqan Limited Notes to tbe Financial StAtements for the Year Ended 31 October 2024 I Charlty ststus The charity is litnited by guarantee, incorpornted in Englan and consequently does not have share capital. Each of the trustees is liable to Contribute an amount not exceeding £Nil towards the assets of the charity in the event of liquidation. The address of its register¢d office is: 845 Uxbridge Roa Hayes, Englan(L United Kingdorn UB4 8HZ The principal place of business is: 845 Uxbridge Roal Haye England. United Kingdom UB4 8HZ These fllmncial statements were authorised for issue by the trustees on 10 July 2025. 2 Accounthig polleles of $ignific4nt accountlng polleftes and key accounting estimates The principal accounting policies applied in the preparation of these financtal statements are set out below. These p)li¢ie5 have been consistently applied to all the years presented, unless otherwise $tafrd. Statement of compllance The financial statements have been prepared in accordance with A¢wunting and Reporting by Charities: Statement of Recommended Pra¢tire (applicable to charities preparing their accounts in accordance with the Financial ReFK)rting Standard appltcable 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. Basis of prep4r8tion Jamia Alfurqan Limited 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 licy notes. Going concern The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any si8nifJcant areas of uncertainty that affect the canying value of assets held by the Charity. Income aDd endowments All income is recognised once the charity has entitlement to the income. it is probable that the income will be received and the amount of the income receivable Can be measured reliably. Pa8¢ 9
Jamia Alfurqan Limited Notes to the Financial Statements for the Year Ended 31 October 2024 Donations and legacies Donations are recognised when the charity has been notified in HTiting of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of perforniance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions fully mel or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will fulfilled in the reporting periijd. ExpeDditure All expendire is recognised once there is a legal or constructive obligation to that expenditure. it is probable settlement is required and the amount ¢on be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Whwe costs cannot be directly attributed to particular headings they have b¢¢n allocated on a basis consistent with the use of resour(Ys. with ¢entral staff costs allocated on the basis of time spenL and depreciation charges allocated on the p)rtion of the &sset's use. Other supp)rt costs are allocated based on the spread of staff costs. Chartlable acilvules Charitable expenditure comprises those costs InCu¢d by th¢ charity in the delivery of its activities and services for its beneficiaries. It includes Erf)th costs that be allocated directly to such activities and those Costs of an indirect nature necessary to support them. Support eosts SuptK)rt costs inGlude centtal functions and have been allocated to activity wst ¢ategori¢s on a basis consistent with the use of resources, for example. allocating property Wsts by floor areas, or per capit4 stsff costs by the time spent and other wsts by their usage. Governanee costs These include the wsts attributable to the charity's compliance with ConstitlOnal and statutory wuirements, including audiL strategic management and trnstees meetings and reimbursed expenses. Taxation The charity is considered to P&88 the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK wrp)ration tsx purposes. Accordingly, the charity is potentially exempt from t&Kation in resped of inoxjme or capital gains received within categories covered by Chapter 3 Part I l of the Corp)ration T&x Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992. to the eTht that such income or gains are applied exclusively to charitable purp)ses. Tangible fixed Assets Individual red asset wstin8 £520.00 or more are initially recorded at cosL less any subsequent accumulated depreciation and subsequent cuMUlated impairnient losses. Depreciation and 4morti59tion Depreciation is provided on tangible fixed a8sets so as to write off the cost or valuation, less any estinMted tesidual valu4 over their expected use1 economic life as follows: Page 10
Jamia Alfllrqan Limited Notes to the Financial Statements for the Year Ended 31 October 2024 Ch and casb eqlllYg41ents Cash and cash equival¢nts wmprise cash on hand and caIl deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Borroivlngs tnterest-bearin8 Erf)Trowings are initially recorded at fair value, net of transaction costs. Intere5t-bearing tKirrowings are subsequently carried at amortised cosL with the difference between the proceeds, net of transactton costs, and the amount due on redemption being recogtiised as a ¢harge to the Statement of Financial Activities over the period of the relevant borrowing. Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges. Borrowings are classified as ¢llent liabilities unless the charity has an unconditional right to defer settlement of the liability for at I$t twelve months after the reporting date. Fund strneture Unrestricted income thnds are general funds that are available for use at the tntee5 discretion in fitheraTrce of the objective5 of the charity. 3 loeome from donrdtlons and l¢g4cie Unrestrlcted funds General Tot*1 fuDds Donations and lesleS. Donations from individuals 35.980 35,980 Total for 2024 35,980 35.980 4 Expenditure on eharltable aetivities Unrestricted funds General Totsl nds Note Allocated SUPFQrt costs Governance costs 15,359 5,580 15,359 5,580 Total for 2024 20,939 20.939 Total for 2023 13,335 13,335 Page 11
Jamia Alfurqan Limited Notes to the Finaneial Statements for the Year Ended 31 October 2024 Total txpendithre In addition to the expenditure analysed a}Ve, there are also governance costs of £5,580 (2023 - £4,806) which relate directly to charitable activities. See note 5 for further detsils. 5 Analysls of governance and support ¢ost$ Gov¢rnanee costs Unrestrlcted funds G¢neral Total fuDds Audit fees Other fees paid to auditors Allocated support costs 5,450 130 5.450 130 Total for 2024 5,580 5.580 Total for 2023 4.806 4,806 Pa8e 12
Jamia Alfurqan Limited Notss to the Financial Statements for the Year Ended 31 October 2024 6 Trustees remuneration WDd expenses No trustees. nor any persons conne¢fyJ with them, have received any remuneration from the charity during the 7 Tati¥ll The Charity is a register&1 charity and is therefore exempt from t&xation. 8 Tanglble fixed a$$ets Furnlthre and equipment Totsl Cost At l November 2023 520 520 At 31 October 2024 520 520 Depreciation At l November 2023 130 130 Charge for the year 130 130 At 31 October 2024 260 260 Net book value At 31 October 2024 260 260 At 31 October 2023 390 390 9 Cash and cash equivalents 2024 Cash at bank 81.530 10 Credhors: amounts f4lliDg due one year 2024 2023 Bank loans Trustees current accounts Other creditors Accruals 4,000 1,056 8.300 4,000 1.056 20,800 540 13,356 26,396 Page 13
Jamia Alfurqan Limited Notes to the Financial Ststements for the Year Ended 31 October 2024 11 FuDds Bglance at I November 2023 Ineomlng resources Resources expended Balanee At 31 October 2024 unrestr1¢t funds General 114.720 45,983 (92,269) 68,434 Bal4ne¢ at I November Incoming r¢sourees Resources expellded Balance 4t 31 Oetober 2023 2022 Unrestrieted funds Gen¢rat (26.453 154,508 13 335) 114.720 12 Anatysk8 of net assets between funds Unrestricted funds General Total tsnds at 31 October 2024 Tangible fixed assets Current ets Current liabilities 260 260 81,530 (13,356) 81,530 (13.356) Total net assets 68,434 68,434 Unrestricted funds General Total funds at 31 October 2023 Tangible fixed assets Current liabilities Current liabilities 390 140,726 26,396 390 140,726 26,396 Total net &8sets 114.720 114,720 13 Related party transartions There were no related party tranStionS in the year. Page 14
Jamia Alfurqan Limited ststement of Fijjancial Activities by fund for the Year Ended 31 October 2024 Unrestricted Funds Totsl Total Unrestricted Unresirleted Fun(L8 Funds 2024 2023 Ineome and Endowments from: Donations and legacies Other income 35,980 10,(K13 4.920 159,028 Total inwme Expendithre on: Charitable activities Other expenditure Total expendire 45,983 163,948 (92,269) (24.950) 178,786 203.736 Net (expenditure)/income (46,286 39,788) Net movement in funds (46.286) (39,788) R¢¢onciliation of fvnds Total fvnds brought fon¥ard Totsl funds carried forward 114,720 154,508 68,434 114,720 This page does not forni part of the statutory financial statements. Page 15
Jamia Alfurqan Limited Detailed Statement of Financial Activiti for the Year Ended 31 October 2024 Totsl 2024 Total 2023 Ineome and EndowmeDts from: Donations and legacies (analysed below) Other income (analysed below) 35.980 4,920 159.028 Total income (45.983) 163,948 ExpendAture on: Charitsbl¢ activities (analys below) Other eXndItUre (analysed below) (92,269) (24,950) (178,786) Total expenditure (92,269) (203,736) Net (expenditureyin¢om¢ Net movement in funds (39,788) (46286) (39,788) Reconclllation of funds Totsl funds brought forward 114720 154,508 Totsl funds carrie41 fomrd 68.434 114,720 This page doe5 not forni part of the statutory financial statements. Page 16
Jamia Alfurqan Limited Detailed Statement of Financial Activities for the Year Ended 31 October 2024 TotAI 2024 Total 2023 Donadons and legacles ApFea15 and donations 35,980 35.980 4.920 Other Incon Appeals and donations Other income 159.028 10,003 10,003 159.028 Charltable octhjlil Fundraising Expenses Wages and salaries Rent and rates Telephone and f Computer software and maintenance costs Printing, postsg¢ and ststionery Accountsncy fees Bank¢h8¢S Depreciation of office equipment Welfare Exp¢nditures (42,675) {5,565) {4,575) (4,702) (443) (74) (5.450) (11,615) (6.000) (1,329) (560) (550) (90) (4.540) (136) (130) (130) 28,655 92269 24,950) Oiherarpendlts4re Purchase5 178,786 178,786 This page does not forni part of the statutory financial statements. Page 17