2024-08-31-accounts

Charity registration number: 1200140

JAFFARIA ACADEMY UK

Annual Report and Financial Statements for the Year Ended 31 August 2024

JAFFARIA ACADEMY UK

Annual Report and Financial statements

Contents

Reference and Administrative Details	1
Trustees Report	2-3
Independent Examiner’s Report	4
Statement of Financial Activities	5
Balance Sheet	6
Notes to the financial statements	7-9

JAFFARIA ACADEMY UK

Reference and Administrative Details

Trustees: Furat Alyassin (Chair) Ali Abbas Malik Zulekha Sibtain Hirji Dr Said Reda Bakir Azra Fatima Naqvi Charity Registration number: 1200140 Principal Office: Jaffaria Academy UK 167-169 Great Portland Street 5th Floor LONDON W1W 5PF Independent Examiner: Analytix Certified Accountancy & Advisory Ltd 2-4 High road Ickenham London UB10 8LJ

Page 1

JAFFARIA ACADEMY UK

Trustees’ Report

The trustees present their annual report together with the financial statements of the charity for the year ended 31 August 2024.

Objectives

The charity’s objective is Education/training for Children/young People.

Public Benefit

The charity has continued to provide advocacy, advice and information to the public. The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.

Structure, governance and management

The Charity is a registered as a Charitable Incorporated Organisation and is subject to its Governing Document dated 22nd August 2022

Financial review

During the year the charity had net excess of expenditure over income of £28,807. Unrestricted reserves at the end of the year was (£28,807)

Page 2

JAFFARIA ACADEMY UK

Trustees’ Report (continued)

Statement of trustees’ responsibilities

The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.

The law applicable to charities 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 period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.

The law applicable to charities 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 period. In preparing these financial statements, the trustees are required to:

• select suitable accounting policies and then apply them consistently;

• observe the methods and principles in the Charities SORP;

• make judgements and estimates that are reasonable and prudent;

The trustees are responsible for keeping proper 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 applicable Charities (Accounts and Reports) Regulations, and the provisions of the constitution. The trustees 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.

Approved by the trustees of the charity on 23[rd] May 2025 and signed on its behalf by:

Furat Al Yassin

.........................................

Furat Alyassin Chair

Page 3

JAFFARIA ACADEMY UK

Independent Examiner's Report to the trustees of JAFFARIA ACADEMY UK

I report to the charity trustees on my examination of the accounts of the CIO for the year ended 31[st] August 2024.

Responsibilities and basis of report

As the charity trustees of the CIO you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the CIO’s accounts carried out under section 145 of the Act. In carrying out my examination I have followed all applicable 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 in connection with the examination giving me cause to believe that in any material respect:

1. accounting records were not kept as required by section 130 of the Act; or

2. the accounts do not accord with those records.

I confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached.

Mohamed Khmji

________ Mohamed Khimji CPAA Analytix Certified Accountancy and Advisory Ltd 2-4 High Road Ickenham London UB10 8LJ

27[th] May 2025

Page 4

JAFFARIA ACADEMY UK

Statement of Financial Activities

For the year ending 31 August 2024

Note Income and endowments Fees Donations and Legacies Total income Expenditure on charitable activities Wages School Resources & Facilities Printing postage and stationery Advertising & Marketing Accountancy & Audit fees Legal & Professional fees Other Charity expenses Bank charges Total expenditure on charitable activities Total expenditure Net (expenditure) being Net movement in funds Funds brought forward Funds carried forward	2024 Total and unrestricted funds £ 422,506 120,020 542,526 332,373 198,237 4,908 2,931 7,220 5,779 19,043 842 571,333 571,333 (28,807)	2023 Total and unrestricted funds £ 0 0 0
		0 0 0 0 0 0 0 0
		0
		0 0
	(28,807) 0 (28,807)	**0 **
		0 **0 **

All of the charity's activities derive from continuing operations during the year

Page 5

JAFFARIA ACADEMY UK

(Registration number: 1200140)

Balance Sheet as at 31 August 2024

Note Current assets Cash at bank Debtors Current liabilities Advance Fees Other Creditors Net current assets and net assets Funds of the charity Unrestricted funds Total funds		2024 2023 Total and Total and unrestricted unrestricted funds funds £ £ 42,871 67,372 (88,560) 0 0 0 (50,490) 0
		(28,807) 0 (28,807) 0 (28,807) 0

The financial statements on pages 5 to 11 were approved by the trustees, and authorised for issue on 27[th] May 2025 and signed on their behalf by:

Furat Al Yassin

.........................................

Furat Alyassin Chair

Page 6

JAFFARIA ACADEMY UK

Notes to the Financial Statements for the Year Ended 31 August 2024

Accounting Policies

Statement of compliance

The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

Basis of preparation

The charity meets the definition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

Exemption from preparing a cash flow statement

As a small charity the charity qualified for and has applied the exemption from preparing a cash flow statement.

Going concern

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

Income

Donations are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Other support costs are allocated based on the spread of staff costs.

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Support costs

Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.

Page 7

JAFFARIA ACADEMY UK

Notes to the Financial Statements for the Year Ended 31 August 2024 (continued)

Governance costs

These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees’ meetings and reimbursed expenses.

Taxation

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call 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.

Trade creditors

Are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date.

Fund structure

Unrestricted income funds are general funds that are available for use at the trustees’ discretion in furtherance of the objectives of the charity.

Allocated support costs

The following support costs have been allocated wholly to costs of charitable activities:

Telephone, internet and IT support Accountancy & Audit fees Advertising & Marketing Printing postage and stationery Bank charges Total support costs		2024 £ 1,723 7,220 2,931 4,908 842 17,624	2023 £ 0 0 0 0 0 0

Page 8

JAFFARIA ACADEMY UK

Trustees Remuneration and expenses

No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.

Creditors: amounts falling due within one year

Other creditors	2024 £ 50,490 50,490	2023 £ 0
		0

Page 9

Issuer

Issuer Analytix Certified Accountancy & Advisory Ltd Document generated Tue, 27th May 2025 13:17:59 BST Document fingerprint 6dafba95fbe9f01d016c30a60512d4b8

Parties involved with this document

Document processed

Party + Fingerprint

Tue, 27th May 2025 15:02:44 BST Tue, 27th May 2025 15:11:37 BST Tue, 27th May 2025 15:11:37 BST

Mr. Furat Alyassin - Signer (6cedc48393cd3c3f71e2c4691967477e) Mohamed Khimji - Signer (0a58b757834d4f1b311f268262641846) Yusuf Nagri - Copied In (e1c79587d065b845de5309726c4b9bbb)

Audit history log

Date

Action

Tue, 27th May 2025 13:17:59 BST Tue, 27th May 2025 13:17:59 BST Tue, 27th May 2025 13:17:59 BST Tue, 27th May 2025 13:17:59 BST Tue, 27th May 2025 13:17:59 BST Tue, 27th May 2025 13:18:05 BST Tue, 27th May 2025 13:18:05 BST Tue, 27th May 2025 13:18:05 BST Tue, 27th May 2025 15:01:36 BST Tue, 27th May 2025 15:02:01 BST Tue, 27th May 2025 15:02:44 BST Tue, 27th May 2025 15:02:44 BST Tue, 27th May 2025 15:02:46 BST Tue, 27th May 2025 15:11:10 BST Tue, 27th May 2025 15:11:37 BST Tue, 27th May 2025 15:11:37 BST Tue, 27th May 2025 15:11:37 BST Tue, 27th May 2025 15:11:39 BST

Envelope generated with fingerprint 15c0408b4bc40f1d3b0c99a2fe18ca11 (18.133.63.166) Document generated with fingerprint 6dafba95fbe9f01d016c30a60512d4b8. (18.133.63.166) Mr. Furat Alyassin has been assigned to this envelope. (18.133.63.166) Mohamed Khimji has been assigned to this envelope. (18.133.63.166) Yusuf Nagri has been assigned to this envelope. (18.133.63.166) Envelope generated Sent the envelope to Mr. Furat Alyassin for signing Document emailed to party email (35.178.163.129) Mr. Furat Alyassin viewed the envelope (38.114.120.157) Mr. Furat Alyassin viewed the envelope (51.141.81.232) Mr. Furat Alyassin signed the envelope (38.114.120.157) Sent the envelope to Mohamed Khimji for signing (38.114.120.157) Document emailed to party email Mohamed Khimji viewed the envelope (82.36.149.10) Mohamed Khimji signed the envelope (82.36.149.10) Sent the envelope to Yusuf Nagri for signing (82.36.149.10) This envelope has been signed by all parties (82.36.149.10) Document emailed to party email