Idara e Jaaferiya Report 2020
2020 was an unusual year for Idara, given the covid restrictions. We had to manage all our activities in light of limitation/ guidance provided by the Government for Covid. A number of usual activities were held at Idara during the year, though, the presence of members and supporters were limited, in line with Government guidance.
During the year, Idara continued with regular lectures. We could not invite outside speakers due to travel restriction and our concern regarding covid issues. The lectures covered a wide range of topics focusing on Character Building, Islamic History, Community development etc. The lectures were in English and Urdu
The daily prayers program, the weekly Thursday and Friday program continues on regular basis though with limited attendance. Our focus continues to be on Education. Regular daily Quran classes were held on online basis. The weekly school day is Saturday. Weekly school every Saturday was also on online basis. It was a new experience for the school. School has managed the change very well.
Interfaith programs were not conducted due to covid restriction.
Youth activities during the year have been limited due to covid restriction
Charity raised funds for Covid Ration for Pakistan and arranged distribution totaling around £21k
Thank you once again for continuous support financially, morally, and physically. This has been a major source of encouragement for the Management Team to deliver all the activities to the people.
Thanks, and Regards
Mohammad Raza, President, Idara-e-Jaaferiya Executive Committee president@idara-e-jaaferiya.org.uk
Idara.e-Jaaferlya Trustses, Report ArKI Financial Statements For the yBar ended 31 Decenknr 2020 Charlty Registratlon No 260988 M ZAIDI AND CO. CHARTERED AccouMfANTS &STATufoRY AUDITORS 241 AIKtham Road, Lonth. SW17 WQ Telepho.. 0208 76723 F8A.' 0208 7679 110
Idara+Jaaf8riya Contents Page Llst of Trustee$ and rnbets ofthe Execuuve Commlitee TnJste8s' Report Ajjditofs Report Staternent of Financial Activittes Balanc8 Sheet Ni)tes to the accounts 9-15 ' Income and Expendlture A¢Unt
ldara4aafarty4 Ll$t of Trustse8 and Executlvg Momb•rn For the yoar ended 31 D•eemb8r 2020 Pro8ld•nt: Mr. M Raza 8ocrotary: M Abbas Jaffrf Tr•a•ur•r. S Zeeshan Zaldl 0th•rTru8tO. Syed Turab Mohsln Jafri Mr. Hamld Raza Mr. Slkandar Mltta Mr. Arhum Haldrf Mr. Zl8 Abb9$ Zaldl Syed Waleeh Husjaln Mr. Shan ul Haq Mr. Ehsan Raza Mr. Shlraz Mehdl Zaldl Qa880m Syed Mohammed (rerni Ended-July 2020) IAppoknted-Juty-2020} Page 1
Idara•OvJaaferlya TNstso'8 Report For th• yoar end•d 31 Do¢•mbftr 2020 The Trustee8 present thelr rel together the flnanclal statsments of the charfty for the year ended 31 December 2020. ThoTn Mr, Mohammed Raz8 Mr. M Abbas Jaffd Mr. S Ze8shan Zaldl Syed Turab Mohsln Jafri Mr, Hamld R82a Mr. Slkandar Mlrza Mr, Arhum Haklrl Mr. Zla Abbas Zaldl Syed WaJe8h Hu88dn Mr. Shan ul Haq Mr. Ehsan Raza Mr, Shlraz Mehdl Zaldl Qa8eem Syed Mohammed {AppOIntedu1Y 20201 Governlng In•trumont (rami Ended-Juty 20201 The charlty Is controllad by Its govamlng docum•n( a deed oftru$L and consltutss an unlncorporated charfty. Rl8k M•nagMi•nt The Trustee8 have examlned thè major strateglc, buslness and opeTrtlonal rf8k8 b¥thlch tho chwty faces and conflmi that the systems have baen establlshed to enable regular report8 to be produced oo that the nece58ary steps can be taken to lessen the8e rfsks. The Trustees have delegated responslb11lÉs for regular revlew of the rlsk and reportlng overall compfiance and any exceptlons to the Board In a Imely manner. We are of the Oplnlon that these measures are 8pprowlato to tho CharW¥ slze and the naturn of Its opernlon$. To protect agalnst financl81 mlsapproprlatlon, Trustee8 and 81xountlng staff regulaty monlb)r and superylsa the financlal affalr8 01 the chartty. A¢countlng Poll¢le8 The Accountlng Polldes adopted by the Charfty a detailed In Note 1 to the finanelal statemenL There have been no changes to the acc>)unting pJllcl&s during the year. Avanablllty of A880ts to fullll obllgation8 The Charity has adequate SerVeS to fulfll its charftable oblig*¢ons. Pay2
1dara*aaferIya Trustee's Report For the year ended 31 December 2020 (Continued) Trustees. responsibilltios In relation to the financial statement Law applicable to the charities in England and Wales require the trustees to prepare financial ststemenls for each financi?1 period, which give true and fair view of the charity's financial activities during the period and of its financial positions al the end of the period. In preparing these financial slalements, the trustees are required to.. Select suitable acwunting policies and then apply them conslstently., Make judgements and estimates that are reasonable and prudent., State whether applicable accounting standards and statements of recommended practice have been followed subject to any departing disclosed and explained in the financial statements., Prepare the financial statements on the going conrn basis unless il is inappropriate to presume that the charity will continue in business., The Tw5tees are responsible for keeping proper accounting records which disclose, with reasonable accuracy the financial positions of the Charity and which enable them ensure that the financial statements comply with applicable law, regulations and trust deed. They are also sponsible for safeguarding the assets of the Charity and henTr for taking asOnable steps for the prevention and detection of fraud and other irregularities. This report has been approved by the Board of Trustees on behalf by.. and signed in their Mr. M Raza Trustee Mr. Zee Trustee an Zaidl Date: ...i£-. i o: !f:/o Page 3
Mlepondent Audltorfs Report To The Tn*tees of Idara+Jaafortya Forthe y•ar endod 31 Doeember 2020 OPINION We have audlted the financial statements of Idara+Jaaferiya for the r ended 31 Derntser 2020. whirth comprise the statement of financial acbvltses, the balance shee( and the relaj notes. The financial reporting framework that has been applied in their preparation is applicable law and Unlted Ktngdom Accounttng Standards, includlng Flnanctal Rrf)orting Standard 102 The Flnanclal Reporttng standard appltcabie In the UK and Republ of Ireland (Untted lQngdom Generaty Accepted Amintlng Pracoce). In our optnlon, the financLql statements: 'glve true arrfl fair vlew ofthe state of the charltys affalrs as at 31 Decwnber 2020 and of Its incomlng resources and appIltion of resources, for the year then ended,. ave been Fxoperty prepared wi aCllIanCe wlth Unlted Klngdom Generalty Accepted Ajxounting Practl¢a', and Thave been preparèd In accordance the requlrements of the Charltles Act 2011. BAS18 OF OPINION We conduc our audlt in aco)rdance wlth Inlematlonal Standards on Audltlng (UK) (ISAS (UK)) and applicable law. Our responsibiltbes under those standarts are further described in the Audtto responslbllities for the audit of the financial statsments secUon of our reporL We aTr Independent of th& chaiity In accordance th the ethical requlrements that are relevant to our audit of the finan81 statements In the UK Including the FRC'S Ethlcal Stsndard. and we have fulfflled our other ethlcal responsibilitl8s in accordance with these requlrements We belleve that the audlt evldence we have obtalned is sufficient and approprlat6 to provrde 8 basls for our oplnton. CONCLUSIONS RELATING TO GOING CONCERN We nothing to report in respect of the following matteTS In relaOn to whlch the ISAS (UK) rg4ulre us to report to you where: Yhe trustees, use ofthe golng concem basis of accountlng in the preparalion of the financknl statements Is not appropriate,. or Ihe tnJste8s have not dfsclosed in the financral statsments any identified matsrfal uncertainties that may cast signfficant doubt about the charfvs ablllty to continue to adopt the golng concern basis of accounting for a period ofat least twefve months from the date when finarKial ststsmerrts arg aUllriSed for Issue. Page 4
Independent Audllorf8 Roport To Forth• yw gnded 31 Docomber 2020 Iconllnued) OTHER INFORMATION The olher Information Comprt th8 Informat i[uded n th8 annual rew(0thgr than the flMndal S1ateffts and our auditoffs rewt treOn. The tritstees ae responsSble for the other Infomwtlon. Our oplnlon on the flnanclal statements does not coyer the other information ar#1 do not express ary fom of assuran¢x Condusic thereon. In conneclion Thith fyjr audit of the ffinan1 8tatem8nts our ponslbillty18 to r&3d the other Informati and, in dng so, (xnsld8r ¥rthther th8 other infom81on18 materlalty inconslstent wlth the finandal statements cr our kntrAtsJge obtained In the audit or othep•vlse appears to be matsrialty mlsstated. If AJenJfy such rnaterial inconslsténcies or apparent material mlsstatements, we are requlred to detem)Ine wtth there Is a material mlsstatement In the flnanclal statements or a material mls8tatemerrt of the othèr Snformatton. If, based on we have p8rfomi8d, we conclude that there L8 a maknl mlsstatsment of thls other inlom)atlon; we arn requlred to report that f We have nolhlng to report In thls regard. HATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTKIN W• have ftthlng to report In respect of the matters the Charftl88 {Accounts and Reportj) Regulalon8 2008 requlres u8 ts iew to w)u11. In our opbnbn: the Informatlon gn In tho ilnanclgl statomonts h Ins16t8nt In any maw re8PaCt the tru8tse8' report juflldent acCnIng recorfs have not been kept the finalat st8kn)errt8 8re ncrt In tyreefnerrt with th8 ao))untlng rocuth rebJm8; ar recelved am the Inform*kn eypknallonl VIP rewko for traudIt RESPON81BIUTIES OF TrUSTEES A explalned more fully In Tiustee8' Resp11118S the tru8tees aro respon8fble for thè preparation of financral ststements whlch gNe a true and lair vlvw. and tr such Internal rthtrol 8$ tho trustees detèmilne rf necessary to enabie th& pteparuon offinarthl statements that are free from materfd misstatements, whetkw due to fraud or error. In preparing the financlal statsm8nts. the trusiees are responslble for assessing the charws abilty to nlnue as a going conrn. dIscIn9, as appIable. matters related to g(xng Cor and uslng thè going concem basts of accounting unths the trustees either brterKI b Ilquklate the company or to cease operntlons, or have no rnaistsc att6matlve but tr) do so. AUDrroR'S RESPONSIBILm&8 FOR THE AUDrr OF ThE FINANCIAL STATeMEpif8 We have been aponted as auditor urKler the Charibes fvd 2011.$. 144 and reFOrt In acCOrdar vAth regulalons made under the Act and rethnt reguktv)ns made or ng effect thereunder. Pag• 6
Independent Audknes Roport To For the ywr oiided 31 D¢canbfrr 2020 (Contthued) Our obiectives are to obtaln rea50nth assurance atKthwhetlr the finan(xal statne as a wh are free from material mlsstatements, ttetsr due to traud or error. and to wue an audikiffs report that Includes our opink. Reasonabb assuran is a high levet of assuran, but Is not a guarantsa that an audit conducted in acc4)rdance VTrth ISAS (UK) wll aiways detect a material misstmerrt knthen exists. Misstatements can arise from fraud or error and are conside4 materiat tf. individualty or In the agreegate. trY could rea$Cabty be expetsl to snfjuere the e0x0m decisions of usw5 taken on the basts of these financial statement& Afurther descrlpkn of our Tr$ponrlbes for the audit ofthe financi ststern is hxated on the Finan¢lal Reporlin9 Counctfs vmbstts at W#&T.fr&J.uklaIlla1Wr1b1lltle$. This descrtpbon forms part of our audito¢s reporL Mr. Iwannan Zaidl (PAnlor statutory Audltor) For and on bohalf of M Zaidl & Co. Chartered Accntants & StatutoryAuditors 241 Mttcham Road London SW17 9JQ
ldard4aaforfya Statsments of Fjnanclal Actlvltle8 For tho yoarendad 31 Docombor 2020 2020 Total Funds Notes Unrèjtrfcted Restrfcted Funds Funds 2019 Total Fund8 Incomlng Resources Voluntary Income 126,562 126,562 202.171 Inc4)ming re80urces from Charfltes actlvitres 30,276 30,276 29.460 Investment Income 17.525 17,525 20.325 Govemment Grant 15,610 15,610 Total Ineomlng Resou0$ 189,973 q89,973 251,966 Re8our¢e8 Expended Charitable Activitles 156.223 158,223 212,022 Investsnent Management Costs 15.590 15,590 34.528 Governance Costs 9,475 9,475 9.139 Total Resour¢es Expondgd 181,288 181288 255ffj89 Net In¢>Jmlngl{Ouigoing) Resources for the year 8,685 (3.733) Total funds broughtforward 525.086 525,086 528.820 Tolal fund8 earrfed forwanl 534771 633.T11 62S,087 Th• 8tatomont of flnan¢lal octivltles Inelude8 all galns and Ios8e88 In the yoar. All Ineomlng re8ouree• and rosource8 •xp&ndèd dorlve from contlnuing activitles. Pag• 7
1dara4aaferIya Balance sheet as at 31 December 2020 2020 Notes 2019 Fixed assets Tangible Assets 4,720,256 4,734,667 Current assets Cash al bank and in hand 136,399 120,586 136,399 120,586 Creditors Amounts falling due within one year Not Current assets {8,620} (15,9021 127,779 104,684 Total assets less current liabllities 4,848.035 4,839,351 Creditors Amounts falling due after more than one year Net assets 136,0001 4,812,035 136,000} 4,803,351 Funds Unrestricted funds 4.812,035 4.803,351 Total funds 4,812,035 4,803,351 The financial statements were approved by the Board of Trustees on by: and signed on its behalf Mr. M Raza Trustee Mr. Zeeshan Zaidi Trustee Date: ........i.C: i o_ Z)U Page 8
Notes to fhe financlal statomonts Year ènded 31 Docembor 2020 Accounting Pdldes 1.1. Accountlng conveirtlon The financlal stments have been prepared uThler hiskffical convention. in a¢zordance with Accountlng and Reporong ty Charthes- Chariues Ac2011 and with appficabb Accounting Slandards. Fund Accountlng Unrestdcted funds are awaikbl8 for use at of the trus In fUran of the genetal objectives of the chartty. Restricted fvnds are subjected lo resbidiM on thelr eXpdUre imposed by ts dcx)or or through tha IprnB of an appe. 11 InmIng Re8oure•s Recognltk+n of Incoming Resour¢e• These are induded in Ststsm&rt of Fnal P41fties {SoFA) vAwi.' - the ¢haiity beca entitted to rescAJrce8; . the trustees are %fjrtualPy wtain ryll receive the reswrces: and . the monetsry Wal be measured 1 rehaPAity. WheTr incoming resourr5 have rekted eXd[hIre (as with fund raising or contract inc4m) the incoming resources ar rdated expenditire are reptsd gross in the SOFA School Feos School fees that have been received prK)r to the ye8r end, arKi whlth relate to 1vItIeS in subwuent years. are treated as deferred income in Ihe SEar of reIpt and are In reknnt perk Grants aiid Donatlons Grants and donakn onty indudJ In the SOFA Tkn charity urthTrdilional entitlement k) th& Contractual Income and perfornmnee rnl•ted grants Thls ts onty inctuded in SOFA or#x the rekted goods and have been dellvered. Othor Income This included in the ao))unts when rrfed. Voluntoorn SONIC The value of *rvtss provKled ty Nrthinteers has Mt been irthjed. Pago 9
IdarawOtrJaaletya Nots8 to tho flnanclal statsments {contlnued) Year ended 31 December2020 13. Resource8 Expended Expendlture is recognised on an accrud basis as a Ilability is incurred. Expenditurn inctudes any VAT whlch cannot be fully recover8d. and Is reported as part of the e>penditiJre to whkh It relates: Cost of pneratlng funds comprise costs assocted with atlractlng voluntary Income. Ch8rltable expendlture eomprlses those costs Incurred by the charity in Ihe defivery of Its a¢tivifles and servlces for its beneflarl8$. It includes both costs that can b8 allocated dlrecuy to such activities and those costs of indir8¢t nature necessary to support trMI. G¢Mmance costs include those costs assoclated with meeting Ihe nStitional and statutory requlrements of the chanty and include the audlt fee and costs linked to the strategic management of the charity. An rnsts are allocated be the expendtture categorles of the SOFA on a basis destgned to reffect the use of the resource. Costs relalng to a particular activity are afiocated dreclly. others are apportit)ned on the appropriate basis. 1.4. Operatlng lea3e8 Rentals payabie under operating lease4 vth8Tr sub8tantWty all the risks and rewards of ownetshlp remaln Y¢h the lessor, are charged to the Statement of Financial Activ6ties on a stralght Ilne basls over the life ofthe lease. 1.5. Tanglble fixed assets and depreciatlon Depreciatson is provided at rates cakulated to wrrte off the cost less resldual value of each asset over Its expected useful life, as follows: Fr*hold buildlngs ptant and machinery Fixtures, fittiryJs and equipment Motorvehtcles 2% on stralght line 18% on reducing balance 18% on reduclng balance 18°h reduclng balance Pago 10
Idarathlaaferfya Nots8 to tha flnanclal Statoments (contlnued) Year ended 31 Docombor 2020 Totsl InrnIng Resourc Unre8trfcted Re8trICt Total Fund8 Fund• Funds 31M2120 Total Fund8 31112119 Voluntary In¢omo DThtk*n&Fltra Oonatton>General Donatlons-Bulldlng Membaffs Sub8¢rfpOon Sunday 8chool 3,979 108,211 4,580 5.763 4,029 3,979 108.211 4,580 5.763 4,029 6,704 173,337 6,620 10,425 7,08S 126,582 126,562 202,171 Incomlng R880urc•• from Charltable A¢tlvttle8 Shop Income Events l)ooklng8 Furt&ral 8ervlce8 Comml881ons recelvable Gtft Ajd RefurKI 7,841 21,780 2,881 6,260 16,400 7.841 21,780 5,119 30,278 30,278 29.460 Invo•tmont Incom• Rent re¢e6vable 17,525 17,525 20,325 17,525 17.525 20.325 Govffiiment Grant 16.810 15,810 T¢)lal In¢omlng Re•our¢08 189,973 189,973 Pago 11
IdaiH4aafortya Nots8 to the flnanclal (contlnuedl Year ended 31 Decomber2020 Re•our¢08 Expendod Unr08trfc Restric Total Fund8 Fund8 Fund 31M2120 Total Fund8 31112119 Charftablo •¢tfvitlo• Wages and salarks ErnoYerS penslon Rates and water Insurance Lfvjht and heat Cl88nlng 40.987 40,987 29.114 874 624 5,243 8,398 12,124 5.704 5,859 5,859 4,286 Vlsitlng Ajlms Funeral sep41c88 Prfntlng, p08tsge and Refreshments & nlaz Telephone Adverttsement Travelling Youth Actjvllleg Khums Pald Sadqa Patd Bank charg88 Sundry 8xpens8s Depreoalon ol tanglble a88ets 15.731 18,088 1,758 21.127 914 15,731 18.088 1,758 21.127 914 3,073 1,741 48.512 28 783 110 783 110 2.763 17,691 1.184 172 14,994 1,71S eso 11,374 4,910 1,788 528 15,702 17,891 1,184 172 14.994 156.223 166223 212,022 Inveslment Managemert C Repalrs arKI malntenan( 15.590 15,590 34,528 15.590 15.590 34,528 School eXSe8 Audlt Fees 5.875 5.875 5.539 9.475 9,475 9.139 Total R8gourco8 Eynd•d 181288 181288 24689 Pago 12
1dar&eaalOrfya Note8 to the flnan¢lal 8tstsments {conllnuod) Year ended 31 D¢comber2020 Staff Costs 31112120 31MW19 Wages and Salafles (Includlng employees NIC} 40,987 29.114 Average number of monthty employees No employees vmre pald above £80,000 netther In the current year, nor the precedlng year. Tru8ts08' Romun•ratlon and B•nofft8 Tru•to88' Rthun•rntlon Ther• were no Trustees, remun8ralon or other benefits for the year ended 31 Decèmber 2020, T8tl, EXn* There wgr@ no Tnjstees, oxpèn8•8 pald for the year ended 31 Decembor 2020. Page 13
Idara.fvJaaf&rfya Nots8 to tho financlal 8tatemonts (¢ontlnued) Year èndad 31 December 2020 Tangibla a88Ot8 Flxtu Property Plant and Flttlng• & Motor frefrhold machlnory Equlpmont hle106 Total At 1st January 2020 Revalualon 677,838 4,278,264 128,561 9,293 15,000 730,490 4,278,264 583 At 31st December2020 Deproelalk+n At 1st January 2020 Charge for the year At 31st Decembèr 2020 Not book valu At 318t De¢èmb8r 2020 At 31st De¢ember 2019 583 4.855,900 128,561 9,878 15,000 5,009,337 140,228 11,553 117,040 2,074 7,692 310 9,127 1,057 274,087 14,994 151,781 119.114 8,002 10,184 289,081 4,704,119 4,715,872 9.447 1,874 4,818 4,720,258 5,873 4,734,887 11,521 1,801 The freehold proparty 18 Church Lane, Toolng, London, SW17 9PP was revalued ty Chartered Surveyors In May 2019. The total revalued market value of the freehold prop8ty 18 now £4,855,900. Curront Ilabllltl•8 31112120 31112119 Taxes and 80clal 8ecurSty r Other cr8ditors Accruals 2,549 2,471 2.857 9,445 3,600 8.620 1S,902 Page 14
Idara+Jaafertya Not•8 to the financlal statements (contInd) Year ended 31 Dawnb•r 2020 Long4emi Ilab11111•8 31M2r20 31M2119 aarz+Ha 36,000 36,000 36,000 36,WO cumulated Fund8 A¢¢ount 31MW2020 31nw2019 Unre8trt¢ted lund8 trght loT Ex¢oss of expendlbJr8 over Income Total prnU1at¢d fund8 . 525,086 8,885 528.820 (3,733) 525,087 533,T11 10. Bank 8ecurfty: B8rclay6 b3nk ha8 a dwgo over 220 Llnkn Rofid TOcn9, LorKk)n, SW17 9ER, on the Bank8 standard form dated 27108r2001. Page 15
Idara+Jaafortya Incom8 and Expgndlture Account lor the year onded 318t Decembor 2020 31112r2020 3111212019 Incom? Donatlons41tr9 Donatton8Qeneral Don8tlon8-Bulldlng Momb8rf8 Subsulp Sunday 8eh¢)ol Shop Incoma Events booklngs Funeral servlces Rent recefvable Glft Ald Refund Comml881on Reable Govemment Grant 3,979 108,211 4,$80 5,763 4,029 5,704 173,337 5,620 10,425 7,085 2,681 6,260 16,400 20,325 5,119 7,841 21.780 17,525 15.610 Exp•ndltur• Resldent Allm & Sunday Sthool Employerfs penOn Rates and wat•r InsuRnc8 Llght and heat Cleanlng Rap8lr8 and malntanance Khums Pald 189,973 251,958 40,987 29,114 874 {624) 5.243 8,398 12.124 34,528 11.374 5,704 4,910 80,288 3,073 5,539 1,741 1,000 5.859 4,286 15,590 2,763 Sadqa Pald Vislting Allms Funeral servlces School expense8 Prfntlng, postage and statlonery Marketlng Refreshments & nl8z Telephone Travelling Youth Activllle Audltors remuneralfon Bank charges Sundry expense8 Depwlatlon of tangible assets 17,691 15.731 18,088 6,875 1.758 21.127 914 783 110 3,600 1,184 172 14,994 48,512 928 1,715 650 3,600 1,788 528 15,7¢Y2 (181,288) 8,686 Excess of axpfrndlturo over Incomè (265,889) 14733)
Idara.e-Jaaferlya Trustses, Report ArKI Financial Statements For the yBar ended 31 Decenknr 2020 Charlty Registratlon No 260988 M ZAIDI AND CO. CHARTERED AccouMfANTS &STATufoRY AUDITORS 241 AIKtham Road, Lonth. SW17 WQ Telepho.. 0208 76723 F8A.' 0208 7679 110
Idara+Jaaf8riya Contents Page Llst of Trustee$ and rnbets ofthe Execuuve Commlitee TnJste8s' Report Ajjditofs Report Staternent of Financial Activittes Balanc8 Sheet Ni)tes to the accounts 9-15 ' Income and Expendlture A¢Unt
ldara4aafarty4 Ll$t of Trustse8 and Executlvg Momb•rn For the yoar ended 31 D•eemb8r 2020 Pro8ld•nt: Mr. M Raza 8ocrotary: M Abbas Jaffrf Tr•a•ur•r. S Zeeshan Zaldl 0th•rTru8tO. Syed Turab Mohsln Jafri Mr. Hamld Raza Mr. Slkandar Mltta Mr. Arhum Haldrf Mr. Zl8 Abb9$ Zaldl Syed Waleeh Husjaln Mr. Shan ul Haq Mr. Ehsan Raza Mr. Shlraz Mehdl Zaldl Qa880m Syed Mohammed (rerni Ended-July 2020) IAppoknted-Juty-2020} Page 1
Idara•OvJaaferlya TNstso'8 Report For th• yoar end•d 31 Do¢•mbftr 2020 The Trustee8 present thelr rel together the flnanclal statsments of the charfty for the year ended 31 December 2020. ThoTn Mr, Mohammed Raz8 Mr. M Abbas Jaffd Mr. S Ze8shan Zaldl Syed Turab Mohsln Jafri Mr, Hamld R82a Mr. Slkandar Mlrza Mr, Arhum Haklrl Mr. Zla Abbas Zaldl Syed WaJe8h Hu88dn Mr. Shan ul Haq Mr. Ehsan Raza Mr, Shlraz Mehdl Zaldl Qa8eem Syed Mohammed {AppOIntedu1Y 20201 Governlng In•trumont (rami Ended-Juty 20201 The charlty Is controllad by Its govamlng docum•n( a deed oftru$L and consltutss an unlncorporated charfty. Rl8k M•nagMi•nt The Trustee8 have examlned thè major strateglc, buslness and opeTrtlonal rf8k8 b¥thlch tho chwty faces and conflmi that the systems have baen establlshed to enable regular report8 to be produced oo that the nece58ary steps can be taken to lessen the8e rfsks. The Trustees have delegated responslb11lÉs for regular revlew of the rlsk and reportlng overall compfiance and any exceptlons to the Board In a Imely manner. We are of the Oplnlon that these measures are 8pprowlato to tho CharW¥ slze and the naturn of Its opernlon$. To protect agalnst financl81 mlsapproprlatlon, Trustee8 and 81xountlng staff regulaty monlb)r and superylsa the financlal affalr8 01 the chartty. A¢countlng Poll¢le8 The Accountlng Polldes adopted by the Charfty a detailed In Note 1 to the finanelal statemenL There have been no changes to the acc>)unting pJllcl&s during the year. Avanablllty of A880ts to fullll obllgation8 The Charity has adequate SerVeS to fulfll its charftable oblig*¢ons. Pay2
1dara*aaferIya Trustee's Report For the year ended 31 December 2020 (Continued) Trustees. responsibilltios In relation to the financial statement Law applicable to the charities in England and Wales require the trustees to prepare financial ststemenls for each financi?1 period, which give true and fair view of the charity's financial activities during the period and of its financial positions al the end of the period. In preparing these financial slalements, the trustees are required to.. Select suitable acwunting policies and then apply them conslstently., Make judgements and estimates that are reasonable and prudent., State whether applicable accounting standards and statements of recommended practice have been followed subject to any departing disclosed and explained in the financial statements., Prepare the financial statements on the going conrn basis unless il is inappropriate to presume that the charity will continue in business., The Tw5tees are responsible for keeping proper accounting records which disclose, with reasonable accuracy the financial positions of the Charity and which enable them ensure that the financial statements comply with applicable law, regulations and trust deed. They are also sponsible for safeguarding the assets of the Charity and henTr for taking asOnable steps for the prevention and detection of fraud and other irregularities. This report has been approved by the Board of Trustees on behalf by.. and signed in their Mr. M Raza Trustee Mr. Zee Trustee an Zaidl Date: ...i£-. i o: !f:/o Page 3
Mlepondent Audltorfs Report To The Tn*tees of Idara+Jaafortya Forthe y•ar endod 31 Doeember 2020 OPINION We have audlted the financial statements of Idara+Jaaferiya for the r ended 31 Derntser 2020. whirth comprise the statement of financial acbvltses, the balance shee( and the relaj notes. The financial reporting framework that has been applied in their preparation is applicable law and Unlted Ktngdom Accounttng Standards, includlng Flnanctal Rrf)orting Standard 102 The Flnanclal Reporttng standard appltcabie In the UK and Republ of Ireland (Untted lQngdom Generaty Accepted Amintlng Pracoce). In our optnlon, the financLql statements: 'glve true arrfl fair vlew ofthe state of the charltys affalrs as at 31 Decwnber 2020 and of Its incomlng resources and appIltion of resources, for the year then ended,. ave been Fxoperty prepared wi aCllIanCe wlth Unlted Klngdom Generalty Accepted Ajxounting Practl¢a', and Thave been preparèd In accordance the requlrements of the Charltles Act 2011. BAS18 OF OPINION We conduc our audlt in aco)rdance wlth Inlematlonal Standards on Audltlng (UK) (ISAS (UK)) and applicable law. Our responsibiltbes under those standarts are further described in the Audtto responslbllities for the audit of the financial statsments secUon of our reporL We aTr Independent of th& chaiity In accordance th the ethical requlrements that are relevant to our audit of the finan81 statements In the UK Including the FRC'S Ethlcal Stsndard. and we have fulfflled our other ethlcal responsibilitl8s in accordance with these requlrements We belleve that the audlt evldence we have obtalned is sufficient and approprlat6 to provrde 8 basls for our oplnton. CONCLUSIONS RELATING TO GOING CONCERN We nothing to report in respect of the following matteTS In relaOn to whlch the ISAS (UK) rg4ulre us to report to you where: Yhe trustees, use ofthe golng concem basis of accountlng in the preparalion of the financknl statements Is not appropriate,. or Ihe tnJste8s have not dfsclosed in the financral statsments any identified matsrfal uncertainties that may cast signfficant doubt about the charfvs ablllty to continue to adopt the golng concern basis of accounting for a period ofat least twefve months from the date when finarKial ststsmerrts arg aUllriSed for Issue. Page 4
Independent Audllorf8 Roport To Forth• yw gnded 31 Docomber 2020 Iconllnued) OTHER INFORMATION The olher Information Comprt th8 Informat i[uded n th8 annual rew(0thgr than the flMndal S1ateffts and our auditoffs rewt treOn. The tritstees ae responsSble for the other Infomwtlon. Our oplnlon on the flnanclal statements does not coyer the other information ar#1 do not express ary fom of assuran¢x Condusic thereon. In conneclion Thith fyjr audit of the ffinan1 8tatem8nts our ponslbillty18 to r&3d the other Informati and, in dng so, (xnsld8r ¥rthther th8 other infom81on18 materlalty inconslstent wlth the finandal statements cr our kntrAtsJge obtained In the audit or othep•vlse appears to be matsrialty mlsstated. If AJenJfy such rnaterial inconslsténcies or apparent material mlsstatements, we are requlred to detem)Ine wtth there Is a material mlsstatement In the flnanclal statements or a material mls8tatemerrt of the othèr Snformatton. If, based on we have p8rfomi8d, we conclude that there L8 a maknl mlsstatsment of thls other inlom)atlon; we arn requlred to report that f We have nolhlng to report In thls regard. HATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTKIN W• have ftthlng to report In respect of the matters the Charftl88 {Accounts and Reportj) Regulalon8 2008 requlres u8 ts iew to w)u11. In our opbnbn: the Informatlon gn In tho ilnanclgl statomonts h Ins16t8nt In any maw re8PaCt the tru8tse8' report juflldent acCnIng recorfs have not been kept the finalat st8kn)errt8 8re ncrt In tyreefnerrt with th8 ao))untlng rocuth rebJm8; ar recelved am the Inform*kn eypknallonl VIP rewko for traudIt RESPON81BIUTIES OF TrUSTEES A explalned more fully In Tiustee8' Resp11118S the tru8tees aro respon8fble for thè preparation of financral ststements whlch gNe a true and lair vlvw. and tr such Internal rthtrol 8$ tho trustees detèmilne rf necessary to enabie th& pteparuon offinarthl statements that are free from materfd misstatements, whetkw due to fraud or error. In preparing the financlal statsm8nts. the trusiees are responslble for assessing the charws abilty to nlnue as a going conrn. dIscIn9, as appIable. matters related to g(xng Cor and uslng thè going concem basts of accounting unths the trustees either brterKI b Ilquklate the company or to cease operntlons, or have no rnaistsc att6matlve but tr) do so. AUDrroR'S RESPONSIBILm&8 FOR THE AUDrr OF ThE FINANCIAL STATeMEpif8 We have been aponted as auditor urKler the Charibes fvd 2011.$. 144 and reFOrt In acCOrdar vAth regulalons made under the Act and rethnt reguktv)ns made or ng effect thereunder. Pag• 6
Independent Audknes Roport To For the ywr oiided 31 D¢canbfrr 2020 (Contthued) Our obiectives are to obtaln rea50nth assurance atKthwhetlr the finan(xal statne as a wh are free from material mlsstatements, ttetsr due to traud or error. and to wue an audikiffs report that Includes our opink. Reasonabb assuran is a high levet of assuran, but Is not a guarantsa that an audit conducted in acc4)rdance VTrth ISAS (UK) wll aiways detect a material misstmerrt knthen exists. Misstatements can arise from fraud or error and are conside4 materiat tf. individualty or In the agreegate. trY could rea$Cabty be expetsl to snfjuere the e0x0m decisions of usw5 taken on the basts of these financial statement& Afurther descrlpkn of our Tr$ponrlbes for the audit ofthe financi ststern is hxated on the Finan¢lal Reporlin9 Counctfs vmbstts at W#&T.fr&J.uklaIlla1Wr1b1lltle$. This descrtpbon forms part of our audito¢s reporL Mr. Iwannan Zaidl (PAnlor statutory Audltor) For and on bohalf of M Zaidl & Co. Chartered Accntants & StatutoryAuditors 241 Mttcham Road London SW17 9JQ
ldard4aaforfya Statsments of Fjnanclal Actlvltle8 For tho yoarendad 31 Docombor 2020 2020 Total Funds Notes Unrèjtrfcted Restrfcted Funds Funds 2019 Total Fund8 Incomlng Resources Voluntary Income 126,562 126,562 202.171 Inc4)ming re80urces from Charfltes actlvitres 30,276 30,276 29.460 Investment Income 17.525 17,525 20.325 Govemment Grant 15,610 15,610 Total Ineomlng Resou0$ 189,973 q89,973 251,966 Re8our¢e8 Expended Charitable Activitles 156.223 158,223 212,022 Investsnent Management Costs 15.590 15,590 34.528 Governance Costs 9,475 9,475 9.139 Total Resour¢es Expondgd 181,288 181288 255ffj89 Net In¢>Jmlngl{Ouigoing) Resources for the year 8,685 (3.733) Total funds broughtforward 525.086 525,086 528.820 Tolal fund8 earrfed forwanl 534771 633.T11 62S,087 Th• 8tatomont of flnan¢lal octivltles Inelude8 all galns and Ios8e88 In the yoar. All Ineomlng re8ouree• and rosource8 •xp&ndèd dorlve from contlnuing activitles. Pag• 7
1dara4aaferIya Balance sheet as at 31 December 2020 2020 Notes 2019 Fixed assets Tangible Assets 4,720,256 4,734,667 Current assets Cash al bank and in hand 136,399 120,586 136,399 120,586 Creditors Amounts falling due within one year Not Current assets {8,620} (15,9021 127,779 104,684 Total assets less current liabllities 4,848.035 4,839,351 Creditors Amounts falling due after more than one year Net assets 136,0001 4,812,035 136,000} 4,803,351 Funds Unrestricted funds 4.812,035 4.803,351 Total funds 4,812,035 4,803,351 The financial statements were approved by the Board of Trustees on by: and signed on its behalf Mr. M Raza Trustee Mr. Zeeshan Zaidi Trustee Date: ........i.C: i o_ Z)U Page 8
Notes to fhe financlal statomonts Year ènded 31 Docembor 2020 Accounting Pdldes 1.1. Accountlng conveirtlon The financlal stments have been prepared uThler hiskffical convention. in a¢zordance with Accountlng and Reporong ty Charthes- Chariues Ac2011 and with appficabb Accounting Slandards. Fund Accountlng Unrestdcted funds are awaikbl8 for use at of the trus In fUran of the genetal objectives of the chartty. Restricted fvnds are subjected lo resbidiM on thelr eXpdUre imposed by ts dcx)or or through tha IprnB of an appe. 11 InmIng Re8oure•s Recognltk+n of Incoming Resour¢e• These are induded in Ststsm&rt of Fnal P41fties {SoFA) vAwi.' - the ¢haiity beca entitted to rescAJrce8; . the trustees are %fjrtualPy wtain ryll receive the reswrces: and . the monetsry Wal be measured 1 rehaPAity. WheTr incoming resourr5 have rekted eXd[hIre (as with fund raising or contract inc4m) the incoming resources ar rdated expenditire are reptsd gross in the SOFA School Feos School fees that have been received prK)r to the ye8r end, arKi whlth relate to 1vItIeS in subwuent years. are treated as deferred income in Ihe SEar of reIpt and are In reknnt perk Grants aiid Donatlons Grants and donakn onty indudJ In the SOFA Tkn charity urthTrdilional entitlement k) th& Contractual Income and perfornmnee rnl•ted grants Thls ts onty inctuded in SOFA or#x the rekted goods and have been dellvered. Othor Income This included in the ao))unts when rrfed. Voluntoorn SONIC The value of *rvtss provKled ty Nrthinteers has Mt been irthjed. Pago 9
IdarawOtrJaaletya Nots8 to tho flnanclal statsments {contlnued) Year ended 31 December2020 13. Resource8 Expended Expendlture is recognised on an accrud basis as a Ilability is incurred. Expenditurn inctudes any VAT whlch cannot be fully recover8d. and Is reported as part of the e>penditiJre to whkh It relates: Cost of pneratlng funds comprise costs assocted with atlractlng voluntary Income. Ch8rltable expendlture eomprlses those costs Incurred by the charity in Ihe defivery of Its a¢tivifles and servlces for its beneflarl8$. It includes both costs that can b8 allocated dlrecuy to such activities and those costs of indir8¢t nature necessary to support trMI. G¢Mmance costs include those costs assoclated with meeting Ihe nStitional and statutory requlrements of the chanty and include the audlt fee and costs linked to the strategic management of the charity. An rnsts are allocated be the expendtture categorles of the SOFA on a basis destgned to reffect the use of the resource. Costs relalng to a particular activity are afiocated dreclly. others are apportit)ned on the appropriate basis. 1.4. Operatlng lea3e8 Rentals payabie under operating lease4 vth8Tr sub8tantWty all the risks and rewards of ownetshlp remaln Y¢h the lessor, are charged to the Statement of Financial Activ6ties on a stralght Ilne basls over the life ofthe lease. 1.5. Tanglble fixed assets and depreciatlon Depreciatson is provided at rates cakulated to wrrte off the cost less resldual value of each asset over Its expected useful life, as follows: Fr*hold buildlngs ptant and machinery Fixtures, fittiryJs and equipment Motorvehtcles 2% on stralght line 18% on reducing balance 18% on reduclng balance 18°h reduclng balance Pago 10
Idarathlaaferfya Nots8 to tha flnanclal Statoments (contlnued) Year ended 31 Docombor 2020 Totsl InrnIng Resourc Unre8trfcted Re8trICt Total Fund8 Fund• Funds 31M2120 Total Fund8 31112119 Voluntary In¢omo DThtk*n&Fltra Oonatton>General Donatlons-Bulldlng Membaffs Sub8¢rfpOon Sunday 8chool 3,979 108,211 4,580 5.763 4,029 3,979 108.211 4,580 5.763 4,029 6,704 173,337 6,620 10,425 7,08S 126,582 126,562 202,171 Incomlng R880urc•• from Charltable A¢tlvttle8 Shop Income Events l)ooklng8 Furt&ral 8ervlce8 Comml881ons recelvable Gtft Ajd RefurKI 7,841 21,780 2,881 6,260 16,400 7.841 21,780 5,119 30,278 30,278 29.460 Invo•tmont Incom• Rent re¢e6vable 17,525 17,525 20,325 17,525 17.525 20.325 Govffiiment Grant 16.810 15,810 T¢)lal In¢omlng Re•our¢08 189,973 189,973 Pago 11
IdaiH4aafortya Nots8 to the flnanclal (contlnuedl Year ended 31 Decomber2020 Re•our¢08 Expendod Unr08trfc Restric Total Fund8 Fund8 Fund 31M2120 Total Fund8 31112119 Charftablo •¢tfvitlo• Wages and salarks ErnoYerS penslon Rates and water Insurance Lfvjht and heat Cl88nlng 40.987 40,987 29.114 874 624 5,243 8,398 12,124 5.704 5,859 5,859 4,286 Vlsitlng Ajlms Funeral sep41c88 Prfntlng, p08tsge and Refreshments & nlaz Telephone Adverttsement Travelling Youth Actjvllleg Khums Pald Sadqa Patd Bank charg88 Sundry 8xpens8s Depreoalon ol tanglble a88ets 15.731 18,088 1,758 21.127 914 15,731 18.088 1,758 21.127 914 3,073 1,741 48.512 28 783 110 783 110 2.763 17,691 1.184 172 14,994 1,71S eso 11,374 4,910 1,788 528 15,702 17,891 1,184 172 14.994 156.223 166223 212,022 Inveslment Managemert C Repalrs arKI malntenan( 15.590 15,590 34,528 15.590 15.590 34,528 School eXSe8 Audlt Fees 5.875 5.875 5.539 9.475 9,475 9.139 Total R8gourco8 Eynd•d 181288 181288 24689 Pago 12
1dar&eaalOrfya Note8 to the flnan¢lal 8tstsments {conllnuod) Year ended 31 D¢comber2020 Staff Costs 31112120 31MW19 Wages and Salafles (Includlng employees NIC} 40,987 29.114 Average number of monthty employees No employees vmre pald above £80,000 netther In the current year, nor the precedlng year. Tru8ts08' Romun•ratlon and B•nofft8 Tru•to88' Rthun•rntlon Ther• were no Trustees, remun8ralon or other benefits for the year ended 31 Decèmber 2020, T8tl, EXn* There wgr@ no Tnjstees, oxpèn8•8 pald for the year ended 31 Decembor 2020. Page 13
Idara.fvJaaf&rfya Nots8 to tho financlal 8tatemonts (¢ontlnued) Year èndad 31 December 2020 Tangibla a88Ot8 Flxtu Property Plant and Flttlng• & Motor frefrhold machlnory Equlpmont hle106 Total At 1st January 2020 Revalualon 677,838 4,278,264 128,561 9,293 15,000 730,490 4,278,264 583 At 31st December2020 Deproelalk+n At 1st January 2020 Charge for the year At 31st Decembèr 2020 Not book valu At 318t De¢èmb8r 2020 At 31st De¢ember 2019 583 4.855,900 128,561 9,878 15,000 5,009,337 140,228 11,553 117,040 2,074 7,692 310 9,127 1,057 274,087 14,994 151,781 119.114 8,002 10,184 289,081 4,704,119 4,715,872 9.447 1,874 4,818 4,720,258 5,873 4,734,887 11,521 1,801 The freehold proparty 18 Church Lane, Toolng, London, SW17 9PP was revalued ty Chartered Surveyors In May 2019. The total revalued market value of the freehold prop8ty 18 now £4,855,900. Curront Ilabllltl•8 31112120 31112119 Taxes and 80clal 8ecurSty r Other cr8ditors Accruals 2,549 2,471 2.857 9,445 3,600 8.620 1S,902 Page 14
Idara+Jaafertya Not•8 to the financlal statements (contInd) Year ended 31 Dawnb•r 2020 Long4emi Ilab11111•8 31M2r20 31M2119 aarz+Ha 36,000 36,000 36,000 36,WO cumulated Fund8 A¢¢ount 31MW2020 31nw2019 Unre8trt¢ted lund8 trght loT Ex¢oss of expendlbJr8 over Income Total prnU1at¢d fund8 . 525,086 8,885 528.820 (3,733) 525,087 533,T11 10. Bank 8ecurfty: B8rclay6 b3nk ha8 a dwgo over 220 Llnkn Rofid TOcn9, LorKk)n, SW17 9ER, on the Bank8 standard form dated 27108r2001. Page 15
Idara+Jaafortya Incom8 and Expgndlture Account lor the year onded 318t Decembor 2020 31112r2020 3111212019 Incom? Donatlons41tr9 Donatton8Qeneral Don8tlon8-Bulldlng Momb8rf8 Subsulp Sunday 8eh¢)ol Shop Incoma Events booklngs Funeral servlces Rent recefvable Glft Ald Refund Comml881on Reable Govemment Grant 3,979 108,211 4,$80 5,763 4,029 5,704 173,337 5,620 10,425 7,085 2,681 6,260 16,400 20,325 5,119 7,841 21.780 17,525 15.610 Exp•ndltur• Resldent Allm & Sunday Sthool Employerfs penOn Rates and wat•r InsuRnc8 Llght and heat Cleanlng Rap8lr8 and malntanance Khums Pald 189,973 251,958 40,987 29,114 874 {624) 5.243 8,398 12.124 34,528 11.374 5,704 4,910 80,288 3,073 5,539 1,741 1,000 5.859 4,286 15,590 2,763 Sadqa Pald Vislting Allms Funeral servlces School expense8 Prfntlng, postage and statlonery Marketlng Refreshments & nl8z Telephone Travelling Youth Activllle Audltors remuneralfon Bank charges Sundry expense8 Depwlatlon of tangible assets 17,691 15.731 18,088 6,875 1.758 21.127 914 783 110 3,600 1,184 172 14,994 48,512 928 1,715 650 3,600 1,788 528 15,7¢Y2 (181,288) 8,686 Excess of axpfrndlturo over Incomè (265,889) 14733)