Imam Zamana Trust
Charity No. 1187119
Trustees' Report and Unaudited Accounts
31 December 2024
Imam Zamana Trust Contents
| Pages | |
|---|---|
| Trustees' Annual Report | 2 to 3 |
| Independent Examiner's Report | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
| Statement of Cash flows | 11 |
| Notes to the Accounts | 7 to 10 |
| Detailed Statement of Financial Activities | 12 |
Page 1
Imam Zamana Trust Trustees Annual Report
The trustees present their report with the unaudited financial statements of the charity for the year ended 31 December 2024.
REFERENCE AND ADMINISTRATIVE DETAILS
Charity No. 1187119
Trustees
The following trustees served during the year:
M.S. Mousavi
S. Tejani
M. Ukka
Accountants
AMA Accounting Limited
90 Princes Avenue
Watford
WD18 7RS
OBJECTIVES AND ACTIVITIES
The prevention or relief of poverty by providing grants, items and services to individuals including orphans in need and/or charities, or financial hardship in by providing or assisting in the provision of education, training, healthcare projects and all the necessary support designed to enable individuals including orphans and young people to generate a sustainable income and be self-sufficient.
ACHIEVEMENTS AND PERFORMANCE
The Trust achieved the following during the year:
-
The Trust continued to support Orphans and Widows during the year for their day to day running expenses.
-
During the year the Trust support a camp to carry out free cataract surgeries to those who could not afford it.
-
The Trust continued to support the victims of the Pakistan Floods which took place between June to October of 2023.
In addition to the above, the Trust also worked with various other Charitable organisations in the UK to support humanitarian causes in the UK and Globally.
FINANCIAL REVIEW
During the period under review, the charity received unrestricted income of £39,898 (2023: £68,428) and and incurred an expenditure of £39,399 (2023: £77,633). At the Balance Sheet date the charity had unrestricted funds of £5,436 (2023: £4,937).
PLANS FOR FUTURE PERIODS
In 2025, the charity plans to carry out similar activities as in 2024.
A larger charity's report should explain the trustees perspective of the future direction of the charity...
Statement of trustees' responsibilities in relation to the financial statements
Page 2
Imam Zamana Trust Trustees Annual Report
The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
Signed on behalf of the charity's trustees
S. Tejani Trustee 21 October 2025
Page 3
Imam Zamana Trust Independent Examiners Report
Independent Examiner's Report to the trustees of Imam Zamana Trust
I report to the trustees on my examination of the financial statements of Imam Zamana Trust for the year ended 31 December 2024.
Responsibilities and basis of report
As the charity's trustees you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
the accounting records were not kept in respect of the charity as required by section 130 of the Act; or
-
the financial statements do not accord with those records; or
-
the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination.
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 financial statements to be reached.
Ali M Ali MAAT AMA Accounting Limited 90 Princes Avenue Watford WD18 7RS 21 October 2025
Page 4
Imam Zamana Trust Statement of Financial Activities
for the year ended 31 December 2024
| Notes Income and endowments from: Donations and legacies 3 Total Expenditure on: Charitable activities 4 Total Net gains on investments Net income/(expenditure) Transfers between funds Net income/(expenditure) before other gains/(losses) Other gains and losses Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
Unrestricted funds |
Total funds | Total funds | |
|---|---|---|---|---|
| 2024 | 2024 | 2023 | ||
| £ | £ | £ | ||
| 39,898 | 39,898 | 68,428 | ||
| 39,898 | 39,898 | 68,428 | ||
| 39,399 | 39,399 | 77,633 | ||
| 39,399 | 39,399 | 77,633 | ||
| - | - | - | ||
| 499 | 499 | (9,205) | ||
| - | - | - | ||
| 499 | 499 | (9,205) | ||
| 499 | 499 | (9,205) | ||
| 4,937 | 4,937 | 14,142 | ||
| 5,436 | 5,436 | 4,937 | ||
Page 5
Imam Zamana Trust Balance Sheet
at 31 December 2024
| at 31 December 2024 | ||
|---|---|---|
| Charity No. 1187119 Current assets Cash at bank and in hand Net current assets Total assets less current liabilities Net assets excluding pension asset or liability Total net assets The funds of the charity Restricted funds 6 Unrestricted funds 6 General funds Reserves 6 Total funds Approved by the trustees on 21 October 2025 And signed on their behalf by: |
2024 £ 5,436 5,436 5,436 5,436 5,436 5,436 5,436 5,436 5,436 |
2023 £ 4,937 |
| 4,937 | ||
| 4,937 4,937 |
||
| 4,937 | ||
| 4,937 | ||
| 4,937 | ||
| 4,937 | ||
| 4,937 | ||
S. Tejani Trustee 21 October 2025
Page 6
Imam Zamana Trust Notes to the Accounts
for the year ended 31 December 2024
- 1 Accounting policies
Basis of preparation
The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
Change in basis of accounting or to previous accounts
There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.
Fund accounting
-
Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
-
Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.
-
Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.
Income
-
Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
-
Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA.
-
Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income.
-
Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.
Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets
Page 7
Imam Zamana Trust Notes to the Accounts
Expenditure
-
Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
-
Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
-
Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
-
Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
-
Other expenditure These are support costs not allocated to a particular activity.
Taxation
The charity is exempt from tax on its charitable activities.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
Foreign currencies
Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.
All exchange differences are are taken into account in arriving at net income/expenditure.
Receipt of donated goods, facilities and services
All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.
Page 8
Imam Zamana Trust
Notes to the Accounts
2 Statement of Financial Activities - prior year
| Income and endowments from: Donations and legacies Total Expenditure on: Charitable activities Total Net income Net income before other gains/(losses) Other gains and losses: Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward 3 Income from donations and legacies General donations 4 Expenditure on charitable activities Expenditure on charitable activities Relief and Orphans Governance costs 5 Staff costs No employee received emoluments in excess of £60,000. |
Unrestricted £ 39,898 39,898 Unrestricted £ 39,399 39,399 |
Unrestricted funds 2023 £ 68,428 68,428 77,633 77,633 (9,205) (9,205) (9,205) 14,142 4,937 Total 2024 £ 39,898 39,898 Total 2024 £ 39,399 39,399 |
Total funds 2023 £ 68,428 |
|---|---|---|---|
| 68,428 77,633 |
|||
| 77,633 | |||
| (9,205) | |||
| (9,205) | |||
| (9,205) 14,142 |
|||
| 4,937 | |||
| Total 2023 £ 68,428 |
|||
| 68,428 | |||
| Total 2023 £ 77,633 |
|||
| 77,633 | |||
Page 9
Imam Zamana Trust Notes to the Accounts
6 Movement in funds
| Restricted funds: Unrestricted funds: General funds Total funds 7 Analysis of net assets between funds Net current assets 8 Reconciliation of net debt Cash and cash equivalents Net debt |
At 1 January 2024 4,937 4,937 |
Incoming resources (including other gains/losses) £ 39,898 39,898 At 1 January 2024 £ |
Resources expended £ (39,399) (39,399) Unrestricted funds £ 5,436 5,436 Cash flows £ |
At 31 December 2024 £ 5,436 |
|---|---|---|---|---|
| 5,436 | ||||
| Total £ 5,436 |
||||
| 5,436 | ||||
| At 31 December 2024 £ |
||||
| 4,937 | 499 | 5,436 | ||
| 4,937 4,937 |
499 499 |
5,436 | ||
| 5,436 | ||||
Page 10
Imam Zamana Trust Statement of Cash flows for the year ended 31 December 2024
| Cash flows from operating activities Net income/(expenditure) per Statement of Financial Activities Net cash provided by/(used in) operating activities Net cash from investing activities Net cash from financing activities Net increase/(decrease) in cash and cash equivalents Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year |
2024 £ 499 499 - - 499 4,937 5,436 |
2023 £ (9,205) |
|---|---|---|
| (9,205) | ||
| - | ||
| - | ||
| (9,205) | ||
| 14,142 | ||
| 4,937 | ||
| Components of cash and cash equivalents | ||
| Cash and bank balances | 5,436 | 4,937 |
| 5,436 | 4,937 |
Page 11
Imam Zamana Trust Detailed Statement of Financial Activities
for the year ended 31 December 2024
| Income and endowments from: Donations and legacies General donations Total income and endowments Expenditure on: Charitable activities Relief and Orphans Total of expenditure on charitable activities Total expenditure Net gains on investments Net income/(expenditure) Net income/(expenditure) before other gains/(losses) Other Gains Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
Unrestricted funds 2024 £ 39,898 39,898 39,898 39,399 39,399 39,399 39,399 - 499 499 - 499 4,937 5,436 |
Total funds 2024 £ 39,898 39,898 39,898 39,399 39,399 39,399 39,399 - 499 499 - 499 4,937 5,436 |
Total funds 2023 £ 68,428 |
|---|---|---|---|
| 68,428 | |||
| 68,428 77,633 |
|||
| 77,633 | |||
| 77,633 77,633 - |
|||
| (9,205) | |||
| (9,205) - |
|||
| (9,205) | |||
| 14,142 | |||
| 4,937 |
Page 12