**REGISTERED CHARITY NUMBER: 1190869** **Report of the Trustees and** ## **Unaudited Financial Statements** **for the Year Ended 31st December 2024** ## **for** **Ifta Welfare Trust UK** Naail & Co Chartered Certified Accountants 69 Lambeth Walk London SE11 6DX **Ifta Welfare Trust UK** **Contents of the Financial Statements for the Year Ended 31st December 2024** |||**Page**|| |---|---|---|---| |**Report of the Trustees**|1|to|8| |**Independent Examiner's Report**||9|| |**Statement of Financial Activities**||10|| |**Balance Sheet**||11|| |**Notes to the Financial Statements**|12|to|16| |**Detailed Statement of Financial Activities**||17|| **Ifta Welfare Trust UK** ## **Report of the Trustees for the Year Ended 31st December 2024** The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31st December 2024. The trustees have adopted the provisions of Accounting and Reporting by 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) (effective 1 January 2019). ## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document** The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number** 1190869 ## **Principal address** 1 Beverley Road Mitcham CR4 1NQ ## **Trustees** Mr A Haidri (Chairman) Dr M A Ghazanfar Mr S A Jafri ## **Independent Examiner** Naail & Co Chartered Certified Accountants 69 Lambeth Walk London SE11 6DX Approved by order of the board of trustees on ............................................. and signed on its behalf by: Ali Jaffri Ali Jaffri (Oct 7, 2025 12:17:54 GMT+1) ................................................................. Mr S A Jafri - Trustee Page 1 **----- Start of picture text -----**
PROJECTS ANNUAL REPORT
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# **January to December 2024** **IFTA’s Vision | Humanity First – making necessities easily accessible for the marginalised groups of society.** ## **School Fee Support Program** As part of our commitment to educate everyone beyond their age, cast, religion, or social status discernment, IFTA supports deserving school children with their school fees. This fee is paid directly to the school. IFTA also tracks and records their progress in order to evaluate the project’s accomplishment. **No. of Students No. of Schools 100 21 TOTAL EXPENDITURE FROM JAN TO DEC 2024 PKR 4,211,300 (GBP 12,000)** **----- Start of picture text -----**
Ramazan Ration Support Project
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During the month of Ramadan, the organization carries out various initiatives to help people in need, including the distribution of ration boxes among the needy families in different parts of the country. The ration bags contained rice, flour, sugar, lentils, and cooking oil, and other essential food items. **Ration Box Cost No. of Ration PKR 10,500 / GBP 30 600 TOTAL EXPENDITURE FROM JAN TO DEC 2024 PKR 6,385,100 (GBP 18,000)** ## **Clean Drinking Water Project** IFTA Welfare Trust install and maintain water filtration plants in localities facing water scarcity or contamination. The project ensures families of the area have access to safe and clean water reducing the risk of water born diseases. **No. of Families Water Consumption 3,300 66,000 Liter/Monthly TOTAL EXPENDITURE FROM JAN TO DEC 2024 PKR 890,000 (GBP 2,500)** ## **Solar Powered, RO Water Plant** **Solar Powered, Reverse Osmosis, Water Plant** Location: **Kot Banglo, Kot Diji, Khairpur, Sindh** Plant Capacity: **4500 GPD (Gallons per day)** Solar Capacity: **Solar Inverter Hybrid 3.5 KW** Number of Beneficiaries: **275 Families / Daily No. of Families Water Consumption 275 5,500 Liter/Daily TOTAL EXPENDITURE FROM JAN TO DEC 2024 PKR 1,703,200 (GBP 4,680)** **----- Start of picture text -----**
Annual Qurbani Project
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IFTA Welfare Trust distributed meat to deserving and poor families in various areas of **Karachi** and **Kot Diji, District Khairpur.** Sacrifice for Allah ..... Meat for the needy **No. of Families 425 TOTAL EXPENDITURE FROM JAN TO DEC 2024 PKR 1,054,080 (GBP 3,000)** ## **IFTA Projects Expense Report 2024** ||**IFTA Welfare Trust**|**IFTA Welfare Trust**|**– Project Report – Jan to Dec**|| |---|---|---|---|---| ||||**2024**|| ||||7,000,000|| ||**School Fee Support**|||| ||**Program**||6,000,000|| ||**Clean Drinking**|||| ||**Water Project**||5,000,000|| ||**Solar Powered**
**Brackish Water RO**||4,000,000|| ||**System**|||| ||||3,000,000|| ||**Ramazan Ration**
**Project**||2,000,000|| ||**Annual Qurbani**||1,000,000|| ||**Project**|||| ||||0|| |||||| |**Project Name**|**Expenditure**|**Expenditure**| |---|---|---| |School Fee Support Program|PKR 4,211,300|GBP 12,000| |Clean Drinking Water Project|PKR 890,000|GBP 2,500| |Solar Powered Brackish Water RO System|PKR 1,703,282|GBP 4,680| |Ramazan Ration Project|PKR 6,385,183|GBP 18,000| |Annual Qurbani Project|PKR 1,054,080|GBP 3,000| |**Total Expenditure**|**PKR 14,243,845**|**GBP 40,180**| **Independent Examiner's Report to the Trustees of Ifta Welfare Trust UK** ## **Independent examiner's report to the trustees of Ifta Welfare Trust UK ('the Company')** I report to the charity trustees on my examination of the accounts of the Company for the year ended 31st December 2024. ## **Responsibilities and basis of report** As the charity's trustees of the Trust (and also its directors for the purposes of company law) you are responsible for the 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 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 matters have come to my attention in connection with the examination giving me cause to believe: 1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). 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. ## Syed H Murtaza Syed H Murtaza (Oct 9, 2025 14:57:20 GMT+1) Syed H Murtaza FCCA, MCMI Naail & Co Chartered Certified Accountants 69 Lambeth Walk London SE11 6DX Date: ............................................. Page 9 **Ifta Welfare Trust UK** ## **Statement of Financial Activities for the Year Ended 31st December 2024** |2024
Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
47,344
Investment income
2
25
**Total**
47,369
**EXPENDITURE ON**
**Charitable activities**
General donation
40,188
Other
3,598
**Total**
43,786
**NET INCOME/(EXPENDITURE)**
3,583
**RECONCILIATION OF FUNDS**
Total funds brought forward
1,474
**TOTAL FUNDS CARRIED FORWARD**
5,057|2023
Total
funds
£
17,763
-
17,763
20,224
3,813
24,037
(6,274)
7,748
1,474| |---|---| The notes form part of these financial statements Page 10 ## **Ifta Welfare Trust UK** ## **Balance Sheet 31st December 2024** |2024
Unrestricted
fund
Notes
£
**CURRENT ASSETS**
Cash at bank
5,807
**CREDITORS**
Amounts falling due within one year
5
(750)
**NET CURRENT ASSETS**
5,057
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
5,057
**NET ASSETS**
5,057
**FUNDS**
6
Unrestricted funds
5,057
**TOTAL FUNDS**
5,057|2023
Total
funds
£
2,224
(750)
1,474
1,474
1,474
1,474
1,474| |---|---| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024. The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2024 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for - (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and - (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: Ali Jaffri ............................................. Ali Jaffri (Oct 7, 2025 12:17:54 GMT+1) Mr S A Jafri - Trustee The notes form part of these financial statements Page 11 **Ifta Welfare Trust UK** ## **Notes to the Financial Statements for the Year Ended 31st December 2024** ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by 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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## **Taxation** The charity is exempt from corporation tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **2. INVESTMENT INCOME** 2024 2023 £ £ Interest receivable - trading 25 - continued... Page 12 **Ifta Welfare Trust UK** ## **Notes to the Financial Statements - continued for the Year Ended 31st December 2024** ## **3. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31st December 2024 nor for the year ended 31st December 2023. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31st December 2024 nor for the year ended 31st December 2023. ## **4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** ||Unrestricted| |---|---| ||fund| ||£| |**INCOME AND ENDOWMENTS FROM**|| |Donations and legacies|17,763| |**EXPENDITURE ON**|| |**Charitable activities**|| |General donation|20,224| |Other|3,813| |**Total**|24,037| |**NET INCOME/(EXPENDITURE)**|(6,274)| |**RECONCILIATION OF FUNDS**|| |Total funds brought forward|7,748| |**TOTAL FUNDS CARRIED**|| |**FORWARD**|1,474| continued... Page 13 **Ifta Welfare Trust UK** ## **Notes to the Financial Statements - continued for the Year Ended 31st December 2024** |**5.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||| |---|---|---|---|---| ||||2024|2023| ||||£|£| ||Accrued expenses||750|750| |**6.**|**MOVEMENT IN FUNDS**|||| ||||Net|| ||||movement|At| |||At 1.1.24|in funds|31.12.24| |||£|£|£| ||**Unrestricted funds**|||| ||General fund|1,474|3,583|5,057| ||**TOTAL FUNDS**|1,474|3,583|5,057| ||Net movement in funds, included in the above are as follows:|||| |||Incoming|Resources|Movement| |||resources|expended|in funds| |||£|£|£| ||**Unrestricted funds**|||| ||General fund|47,369|(43,786)|3,583| ||**TOTAL FUNDS**|47,369|(43,786)|3,583| ||**Comparatives for movement in funds**|||| ||||Net|| ||||movement|At| |||At 1.1.23|in funds|31.12.23| |||£|£|£| ||**Unrestricted funds**|||| ||General fund|7,748|(6,274)|1,474| ||**TOTAL FUNDS**|7,748|(6,274)|1,474| continued... Page 14 **Ifta Welfare Trust UK** ## **Notes to the Financial Statements - continued for the Year Ended 31st December 2024** ## **6. MOVEMENT IN FUNDS - continued** Comparative net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
Resources
Movement
resources
expended
in funds
£
£
£
17,763
(24,037)
(6,274)
17,763
(24,037)
(6,274)| |---|---| A current year 12 months and prior year 12 months combined position is as follows: |||Net|| |---|---|---|---| |||movement|At| ||At 1.1.23|in funds|31.12.24| ||£|£|£| |**Unrestricted funds**|||| |General fund|7,748|(2,691)|5,057| |**TOTAL FUNDS**|7,748|(2,691)|5,057| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
Resources
Movement
resources
expended
in funds
£
£
£
65,132
(67,823)
(2,691)
65,132
(67,823)
(2,691)| |---|---| Page 15 continued... **Ifta Welfare Trust UK** ## **Notes to the Financial Statements - continued for the Year Ended 31st December 2024** ## **7. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31st December 2024. Page 16 **Ifta Welfare Trust UK** ## **Detailed Statement of Financial Activities for the Year Ended 31st December 2024** |**INCOME AND ENDOWMENTS**
**Donations and legacies**
Gifts
Donations
**Investment income**
Interest receivable - trading
**Total incoming resources**
**EXPENDITURE**
**Charitable activities**
General donations
**Support costs**
**Management**
Commission & fees
Website & software
Other general & admin expenses
**Governance costs**
Independent examiner's fee
Total resources expended
**Net income/(expenditure)**|2024
£
-
47,344
47,344
25
47,369
40,188
158
2,690
-
2,848
750
43,786
3,583|2023
£
1
17,762
17,763
-
17,763
20,110
230
2,697
150
3,077
850
24,037
(6,274)| |---|---|---| This page does not form part of the statutory financial statements Page 17 ## IFT102-CHA ## Final Audit Report 2025-10-09 Created: 2025-10-07 By: Naail & Co (info@naailandco.com) Status: Signed Transaction ID: CBJCHBCAABAABBGOm3X4I_pr25gjUXzsIdxgqSDc0J6N ## "IFT102-CHA" History Document created by Naail & Co (info@naailandco.com) 2025-10-07 - 10:01:37 AM GMT- IP address: 51.52.201.93 - Document emailed to ali@jaffri.co.uk for signature 2025-10-07 - 10:02:42 AM GMT ## Document emailed to syed@naailandco.com for signature 2025-10-07 - 10:02:43 AM GMT ## Email viewed by ali@jaffri.co.uk 2025-10-07 - 11:12:15 AM GMT- IP address: 87.248.116.215 - Signer ali@jaffri.co.uk entered name at signing as Ali Jaffri 2025-10-07 - 11:17:52 AM GMT- IP address: 195.149.60.95 ## Document e-signed by Ali Jaffri (ali@jaffri.co.uk) Signature Date: 2025-10-07 - 11:17:54 AM GMT - Time Source: server- IP address: 195.149.60.95 ## Email viewed by syed@naailandco.com 2025-10-07 - 5:34:04 PM GMT- IP address: 104.28.40.140 Signer syed@naailandco.com entered name at signing as Syed H Murtaza 2025-10-09 - 1:57:18 PM GMT- IP address: 51.52.201.93 ## Document e-signed by Syed H Murtaza (syed@naailandco.com) Signature Date: 2025-10-09 - 1:57:20 PM GMT - Time Source: server- IP address: 51.52.201.93 ## Agreement completed. 2025-10-09 - 1:57:20 PM GMT