Docusign Envelope ID: 0A80B5BA-E587-44C5-9330-36E883AFB961
Charity registration number 1198705 (England and Wales)
WADI FUNERALCARE
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
Docusign Envelope ID: 0A80B5BA-E587-44C5-9330-36E883AFB961
WADI FUNERALCARE
LEGAL AND ADMINISTRATIVE INFORMATION
| Trustees | H S M Nasralla |
|---|---|
| Y Kazaz | |
| S J Karim | |
| Charity number (England and Wales) | 1198705 |
| CIO number | CE028848 |
| Principal address | 111 High Road |
| London | |
| NW10 2SL | |
| Independent examiner | Mohamedkazim S Bhaloo, FCCA |
| 3 Hobbs House | |
| Harrovian Business Village | |
| Bessborough Road | |
| Harrow | |
| Middlesex | |
| HA1 3EX | |
| Bankers | Lloyds Bank plc |
Docusign Envelope ID: 0A80B5BA-E587-44C5-9330-36E883AFB961
WADI FUNERALCARE
CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 - 4 |
| Independent examiner's report | 5 |
| Statement of financial activities | 6 |
| Statement of financial position | 7 |
| Notes to the financial statements | 8 - 13 |
Docusign Envelope ID: 0A80B5BA-E587-44C5-9330-36E883AFB961
WADI FUNERALCARE
TRUSTEES' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
The trustees present their annual report and financial statements for the year ended 31 December 2024.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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)".
Objectives and activities
The charity's objects as set out in its governing constitution are:
To advance the Muslim faith generally by the provision of funeral and burial services and support for the bereaved.
The relief of poverty and distress by the provision of financial assistance to persons in necessitous circumstances to assist family members in the burial of their deceased in accordance with the Muslim faith.
Public benefit
The trustees have complied with their duty in section 17 of the Charities Act 2011 to have due regard to public benefit guidance issued by the Charity Commission. The trustees have considered the general guidance on public benefit issued by the Charity Commission and in particular its supplementary guidance on the advancement of religion for the public benefit in deciding what activities the charity should undertake.
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Docusign Envelope ID: 0A80B5BA-E587-44C5-9330-36E883AFB961
WADI FUNERALCARE
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
Achievements and performance
Significant activities and achievements against objectives
During the reporting period, Wadi Funeralcare achieved significant operational milestones that have strengthened its position as a trusted and compassionate service provider within the community.
1. Premises Completion:
The renovation of our primary premises at Ground Floor, 111 High Road, London NW10 2SL was successfully completed. The site is now fully operational and serves as our administrative and service hub for all funeral arrangements.
2. Ambulance Acquisition:
We purchased a private ambulance equipped with two rear compartments, enhancing our capacity to collect and transport the deceased in a respectful and efficient manner.
3. Service Delivery:
We have conducted over 30 funerals during the year, of which 10 were repatriations to families’ home countries. Each service was delivered with professionalism, care, and respect for cultural and religious customs.
4. Community Collaboration:
Wadi Funeralcare has established valuable working relationships with other service providers and community partners including James Crook Funeral Directors, KISMC of London, S.M. Funerals, Al-Khair Welfare Trust and The Muslim Burial Fund. These collaborations have strengthened our operational network and improved service coordination.
5. Charitable Support Cases:
We successfully raised funds to facilitate two burials for individuals who had either no family support network or insufficient funds for their funeral. This reflects our ongoing commitment to ensuring that every person receives a dignified burial regardless of circumstance.
6. Mortuary Arrangements:
In the interim, we have relied on the mortuary facilities of our partner organisations whilst fundraising for our own mortuary installation at our premises.
Looking ahead, Wadi Funeralcare remains dedicated to expanding its impact and capacity within the community. Our strategic goals for the forthcoming year include:
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Completing a projected 45 funerals, including local burials and international repatriations which will be a 50% uplift of our first year.
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Purchasing and installing a dedicated mortuary facility at our High Road premises.
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Launching our new donation plan, designed to make funeral costs more manageable for families through affordable monthly donations.
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Developing and launching our official website, offering information, online registration, transparent pricing to improve accessibility and online payment systems.
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Continuing to build strong partnerships with local mosques, community organisations, and funeral service providers to further strengthen our community presence and collaboration.
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Docusign Envelope ID: 0A80B5BA-E587-44C5-9330-36E883AFB961
WADI FUNERALCARE
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
Financial review
The results for the year are set out on the Statement of Financial Activities and notes to the accounts.
The charity's source of income is voluntary donations from individuals and organisations. Income is applied solely towards the promotion of the charity's objects and cash flow is closely monitored. Total income for the year was £44,025 (2023: £16,399). Total resources expended were £27,704 (2023: £20,080). The charity achieved an overall net income for the year of £16,321 (2023: £3,681 deficit). Fund balances at the year end were in surplus by £12,640 (2023: £3681 deficit). All funds during the year and preceding year are unrestricted funds.
Reserves policy
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.
Structure, governance and management
Wadi Funeralcare is a registered charity in England and Wales, governed by its Constitution dated 7 March 2022 and managed by its Board of Trustees. The trustees are responsible for the overall governance and strategic direction of the charity, ensuring that it operates in accordance with its charitable objectives and within the framework of relevant laws and regulations.
The charity’s principal objective is to provide affordable, dignified, and culturally sensitive funeral services to the Muslim community and wider society, including repatriation services, burial support, and assistance to families in need at their most vulnerable time.
The trustees who served during the year and up to the date of signature of the financial statements were: H S M Nasralla
Y Kazaz
S J Karim
Recruitment and appointment of trustees
The provisions for appointment and removal of trustees are contained within the governing document. The first charity trustees are appointed for a term of five years. Apart from the first charity trustees, every trustee must be appointed for a term of three years by a resolution passed at a properly convened meeting of the charity trustees.
In selecting individuals for appointment as charity trustees, the charity trustees must have regard to the skills, knowledge and experience needed for the effective administration of the charity.
Organisational structure
The trustees are responsible for decision making and governance. Decisions are made at meetings of the Board of Trustees when a quorum of charity trustees is present. The charity trustees have the power to delegate any of their functions to committees and, if they do, to revoke the delegation. At least one member of a committee must be a trustee.
Remuneration policy
None of the trustees receives any remuneration or has any beneficial interest in the charity.
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Docusign Envelope ID: 0A80B5BA-E587-44C5-9330-36E883AFB961
WADI FUNERALCARE
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
Statement of trustees' responsibilities
The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that year.
In preparing these financial statements, the trustees are required to: - select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the governing document. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees' report was approved by the Board of Trustees.
S J Karim Trustee
23 October 2025
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Docusign Envelope ID: 0A80B5BA-E587-44C5-9330-36E883AFB961
WADI FUNERALCARE
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WADI FUNERALCARE
I report to the trustees on my examination of the financial statements of Wadi Funeralcare (the charity) for the year ended 31 December 2024.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011.
I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.
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 that in any material respect:
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1 accounting records were not kept in respect of the charity as required by section 130 of the Charities Act 2011.
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2 the financial statements do not accord with those records; or
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3 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.
Mohamedkazim S Bhaloo, FCCA
3 Hobbs House Harrovian Business Village Bessborough Road Harrow Middlesex HA1 3EX 23 October 2025
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WADI FUNERALCARE
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| 2024 | 2023 | ||
| Notes | £ | £ | |
| Income from: | |||
| Donations and legacies | 3 | 44,025 | 16,399 |
| Total income | 44,025 | 16,399 | |
| Expenditure on: | |||
| Charitable activities | 4 | 27,704 | 20,080 |
| Total expenditure | 27,704 | 20,080 | |
| Net income/(expenditure) and movement in funds | 16,321 | (3,681) | |
| Reconciliation of funds: | |||
| Fund balances at 1 January 2024 | (3,681) | - | |
| Fund balances at 31 December 2024 | 12,640 | (3,681) |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
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WADI FUNERALCARE
STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024
| Notes Fixed assets Tangible assets 9 Current assets Debtors 10 Cash at bank and in hand Creditors: amounts falling due within one year 11 Net current liabilities Total assets less current liabilities The funds of the charity Unrestricted funds 12 |
2024 £ 6,667 121 6,788 (7,114) |
2023 £ £ £ 12,966 12,688 - - - (16,369) (326) (16,369) 12,640 (3,681) 12,640 (3,681) 12,640 (3,681) |
|---|---|---|
The financial statements were approved by the trustees on 23 October 2025
S J Karim Trustee
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Docusign Envelope ID: 0A80B5BA-E587-44C5-9330-36E883AFB961
WADI FUNERALCARE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
1 Accounting policies
Charity information
Wadi Funeralcare is a Charitable Incorporated Organisation, registered in England. The principal office is 111 High Road, London, NW10 2SL.
1.1 Basis of preparation
The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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)". The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities not to prepare a statement of cash flows.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2 Going concern
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. At the reporting date the Trustees have a reasonable expectation that repayment of the concessionary loans within creditors will not be requested until the charity has sufficient resources to complete the transaction. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
1.4 Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
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Docusign Envelope ID: 0A80B5BA-E587-44C5-9330-36E883AFB961
WADI FUNERALCARE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
1 Accounting policies
(Continued)
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources.
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Leasehold improvements 25% reducing balance Fixtures and fittings 25% straight line Motor vehicles 25% straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
1.7 Impairment of fixed assets
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
1.8 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.9 Financial instruments
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised or discounted.
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Docusign Envelope ID: 0A80B5BA-E587-44C5-9330-36E883AFB961
WADI FUNERALCARE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
1 Accounting policies
(Continued)
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
1.10 Taxation
As a registered charity, the organisation is exempt from income tax and corporation tax to the extent that its income and gains are applied towards the charitable objects of the charity and for no other purpose. VAT is not recoverable by the charity, and is therefore included in the relevant costs in the Statement of Financial Activities.
2 Critical accounting estimates and judgements
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3 Income from donations and legacies
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2024 | 2023 | |
| £ | £ | |
| Donations and gifts | 44,025 | 16,399 |
Donated goods and services
In addition to the donations and gifts recorded above, the charity makes use of services donated by volunteers, as and when required, which reduces charitable expenditure. A reliable estimate of the cost of the time and effort donated by volunteers in assisting the charity is not possible to quantify.
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WADI FUNERALCARE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
4 Expenditure on charitable activities
| Charitable | Charitable | ||
|---|---|---|---|
| Events | Events | ||
| 2024 | 2023 | ||
| £ | £ | ||
| Direct costs | |||
| Charitable Events | 17,366 | - | |
| Share of support and governance costs (see note 5) | |||
| Support | 9,378 | 20,080 | |
| Governance | 960 | - | |
| 27,704 | 20,080 | ||
| Analysis by fund | |||
| Unrestricted funds | 27,704 | 20,080 | |
| 5 | Support costs allocated to activities | ||
| 2024 | 2023 | ||
| £ | £ | ||
| Depreciation | 4,322 | - | |
| Premises Costs | 3,333 | 20,000 | |
| Repairs & Maintenance | 917 | 80 | |
| Telephone | 339 | - | |
| Cleaning | 115 | - | |
| Professional fees | 125 | - | |
| Sundry expenses | 157 | - | |
| Motor expenses | 70 | - | |
| Governance costs | 960 | - | |
| 10,338 | 20,080 | ||
| Analysed between: | |||
| Charitable Events | 10,338 | 20,080 | |
| 2024 | 2023 | ||
| Governance costs comprise: | £ | £ | |
| Independent Examiner | 960 | - | |
| 960 | - |
6 Trustees
None of the trustees (or any persons connected with them) received any remuneration, expense allowances or benefits from the charity during the year.
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WADI FUNERALCARE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
7 Employees
The average monthly number of employees during the year was:
| 2024 | 2023 | |
|---|---|---|
| Number | Number | |
| Trustees | 3 | 3 |
The charity uses unpaid volunteers to assist in providing its charitable activities and for administrative tasks.
There were no employees whose annual remuneration was more than £60,000.
8 Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
9 Tangible fixed assets
| 9 Tangible fixed assets |
|
|---|---|
| Leasehold improvements Fixtures and fittings Motor vehicles £ £ £ Cost At 1 January 2024 10,000 2,688 - Additions - 1,600 3,000 At 31 December 2024 10,000 4,288 3,000 Depreciation and impairment Depreciation charged in the year 2,500 1,072 750 At 31 December 2024 2,500 1,072 750 Carrying amount At 31 December 2024 7,500 3,216 2,250 At 31 December 2023 10,000 2,688 - 10 Debtors 2024 Amounts falling due within one year: £ Prepayments and accrued income 6,667 |
Total £ 12,688 4,600 |
| 17,288 | |
| 4,322 | |
| 4,322 | |
| 12,966 | |
| 12,688 | |
| 2023 £ - |
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Docusign Envelope ID: 0A80B5BA-E587-44C5-9330-36E883AFB961
WADI FUNERALCARE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
11 Creditors: amounts falling due within one year
| Creditors: amounts falling due within one year | ||
|---|---|---|
| Other creditors Accruals and deferred income |
2024 £ 6,154 960 7,114 |
2023 £ 16,369 - |
| 16,369 |
12 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
| At 1 January | Incoming | Resources | At 31 | |
|---|---|---|---|---|
| 2024 | resources | expended | December | |
| 2024 | ||||
| £ | £ | £ | £ | |
| General funds | (3,681) | 44,025 | (27,704) | 12,640 |
| Previous year: | At 1 January | Incoming | Resources | At 31 |
| 2023 | resources | expended | December | |
| 2023 | ||||
| £ | £ | £ | £ | |
| General funds | - | 16,399 | (20,080) | (3,681) |
13 Related party transactions
During the period, The Eldest Foundation, a UK registered charity in which one of the Trustees is also a trustee, provided temporary conduit funding to Wadi Funeralcare. Included within other creditors is a concessionary loan from The Eldest Foundation totalling £6,154 (2023: £16,369) at the reporting date.
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