**REGISTERED CHARITY NUMBER: 260968**
## **Report of the Trustees and**
## **Unaudited Financial Statements**
**for the Year Ended 31st December 2022**
## **for**
## **Idara e-Jaaferiya**
Naail & Co Chartered Certified Accountants 69 Lambeth Walk London SE11 6DX
**Idara-e-Jaaferiya**
## **Contents of the Financial Statements for the Year Ended 31st December 2022**
|||**Page**|
|---|---|---|
|**Trustees’ Report**|1|to 2|
|**Independent Examiner's Report**||3|
|**Statement of Financial Activities**||4|
|**Statement of Financial Position**|5|to 6|
|**Notes to the Financial Statements**|7|to 14|
|**Detailed Statement of Financial Statements**|15|to 16|
## **Idara-e-Jaaferiya**
## **Trustees’ Report for the Year Ended 31st December 2022**
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 2022. 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).
2022 was first year after covid restrictions were removed.
During the year, Idara continued with regular lectures activities. 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. Our focus continues to be on Education. Regular daily Quran classes were held on online and on face to face basis. There are 40+ students in daily Quran classes. The Quran classes are held 4 times a week- Monday to Thursday. The weekly school day is Saturday. Saturday school is back to normal and during 2022 this was held in Idara on regular basis. The number of students is continuous increasing. Currently there are 80 students enrolled in Saturday school. Idara management is thankful to all the volunteers who helped the running of the school.
Charity raised funds for Pakistan floods. Charity remitted about £25k (including sadqa) that was used to support the flood activities.
## **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.
## **Risk management**
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Registered Charity number**
260968
## **Registered office**
18 Church Lane London SW17 9PP
Page 1
## **Idara-e-Jaaferiya**
## **Trustees' Report for the Year Ended 31st December 2022**
## **Trustees**
Mr M Raza Mr A H A Syed (appointed 20/4/2023) Mr S A Jafri (appointed 20/4/2023) Mr N Naqvi (appointed 5/6/2022) Mr S H Ali Mr S T M Jafri Mr A Haidri Mr S Mirza Mr A Raza Mr A Ali (appointed 20/4/2023)
## **STATEMENT OF TRUSTEES' RESPONSIBILITIES**
The trustees (who are also the directors of Idara-e-Jaaferiya for the purposes of company law) 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) including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".
Company law 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 charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charity SORP;
- make judgments and estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is appropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on ................................................ and signed on its behalf by:
Mohammad Raza (Oct 29, 2023 19:51 GMT) .................................................................... Mr M Raza - Trustee
Page 2
## **Idara-e-Jaaferiya**
## **Independent Examiner’s Trustees Report for the Year Ended 31st December 2022**
## **Independent examiner's report to the trustees of Idara-e-Jaaferiya ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31st December 2022.
## **Responsibilities and basis of report**
As the charity's trustees of the Company (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.
## **Independent Examiner**
Syed H Murtaza FCCA, MCMI Naail & Co Chartered Certified Accountants 69 Lambeth Walk London SE11 6DX
Syed H Murtaza **…………………………………** Syed H Murtaza (Oct 30, 2023 01:29 GMT+5)
Page 3
## **Idara-e-Jaaferiya**
## **Statement of Financial Activities for the Year Ended 31st December 2022**
|Notes
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**EXPENDITURE ON**
Raising funds
2
Other
**Total**
**NET INCOME/(EXPENDITURE)**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|2022
Unrestricted
fund
£
249,079
309,578
-
309,578
(60,499)
4,830,130
4,769,631|2021
Total
funds
£
218,607|
|---|---|---|
|||195,629
4,816|
|||200,445|
|||18,162
4,811,968
4,830,130|
The notes form part of these financial statements
Page 4
## **Idara-e-Jaaferiya**
## **Statement of Financial Position 31st December 2022**
|Notes
**FIXED ASSETS**
Tangible assets
6
**CURRENT ASSETS**
Debtors
7
Cash at bank and in hand
**CREDITORS**
Amounts falling due within one year
8
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**CREDITORS**
Amounts falling due after more than one year
9
**NET ASSETS**
**FUNDS**
12
Unrestricted funds
**TOTAL FUNDS**|2022
Unrestricted
fund
£
4,708,907
1,800
136,349
138,149
(32,370)
105,779
4,814,686
(45,055)
4,769,631
4,769,631
4,769,631|2021
Total
funds
£
4,702,463
-
172,034
172,034
(8,367)
163,667
4,866,130
(36,000)
4,830,130
4,830,130
4,830,130|
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2022 in accordance with Section 476 of the Companies Act 2006.
The notes form part of these financial statements
continued...
Page 5
## **Idara-e-Jaaferiya**
## **Statement of Financial Position - continued 31st December 2022**
- 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:
Mohammad Raza (Oct 29, 2023 19:51 GMT) ............................................. Mr M Raza - Trustee
The notes form part of these financial statements
Page 6
## **Idara-e-Jaaferiya**
## **Notes to the Financial Statements for the Year Ended 31st December 2022**
## **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, as modified by the revaluation of certain assets.
## **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.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost Plant and machinery - 18% on reducing balance Fixtures and fittings - 18% on reducing balance Motor vehicles - 18% on reducing balance
## **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.
## **Hire purchase and leasing commitments**
The interest element of these obligations is charged to the Statement of Financial Activities over the relevant period. The capital element of the future payments is treated as a liability.
continued...
Page 7
## **Idara-e-Jaaferiya**
## **Notes to the Financial Statements - continued**
## **for the Year Ended 31st December 2022**
## **1. ACCOUNTING POLICIES - continued**
## **Hire purchase and leasing commitments**
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
## **Pension costs and other post-retirement benefits**
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
## **2. RAISING FUNDS**
## **Investment management costs**
|**Investment management costs**|||
|---|---|---|
|Staff costs
Bank charges
Sundry|2022
£
22,858
1,893
1,846
26,597|2021
£
6,556
1,067
170|
|||7,793|
## **3. NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
|Depreciation - owned assets
Hire of plant and machinery
Other operating leases|2022
£
17,675
26,459
7,991|2021
£
13,725
10,200
7,059|
|---|---|---|
## **4. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31st December 2022 nor for the year ended 31st December 2021.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31st December 2022 nor for the year ended 31st December 2021.
continued...
Page 8
## **Idara-e-Jaaferiya**
## **Notes to the Financial Statements - continued for the Year Ended 31st December 2022**
|**5.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**EXPENDITURE ON**
Raising funds
Other
**Total**
**NET INCOME**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
fund
£
218,607
195,629
4,816
200,445
18,162
4,811,968
4,830,130|
|---|---|
continued...
Page 9
## **Idara-e-Jaaferiya**
## **Notes to the Financial Statements - continued for the Year Ended 31st December 2022**
## **6. TANGIBLE FIXED ASSETS**
|Freehold
property
Plant and
machinery
£
**COST OR VALUATION**
At 1st January 2022
577,636
£
128,561
Additions
-
-
Revaluations
4,278,264
-
At 31st December 2022
4,855,900
128,561
**DEPRECIATION**
At 1st January 2022
163,334
120,815
Charge for year
11,552
1,395
At 31st December 2022
174,886
122,210
**NET BOOK VALUE**
At 31st December 2022
4,681,014
6,351
At 31st December 2021
414,302
7,746
Cost or valuation at 31st December 2022 is represented by:
Freehold
Plant and
Valuation in 2022
property
£
4,855,900
machinery
£
128,561|Fixtures
and
fittings
£
10,625
-
-
10,625
8,474
387
8,861
1,764
2,151
Fixtures
and
fittings
£
10,625|Motor
vehicles
£
-
24,119
-
24,119
-
4,341
4,341
19,778
-
Motor
vehicles
£
24,119|Totals
£
716,822
24,119
4,278,264|
|---|---|---|---|
||||
5,019,205|
||||
292,623
17,675|
||||310,298|
||||4,708,907|
||||
424,199|
||||Totals
£
5,019,205|
Freehold property was valued on fair value basis on 31st May 2019 by Chartered Surveyors.
continued...
Page 10
## **Idara-e-Jaaferiya**
|**Notes to the Financial Statements - continued**
**for the Year Ended 31st December 2022**
**7.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
2022
Prepayments
£
1,800
**8.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
2022
£
Trade creditors
1
Social security and other taxes
888
Pension
302
Other creditors
4,537
Net wages
5,241
Accrued expenses
21,401
32,370
**9.**
**CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**
2022
£
Other loans (see note 10)
36,000
Hire purchase (see note 11)
9,055
45,055
**10.**
**LOANS**
An analysis of the maturity of loans is given below:
2022
£
Amounts falling due in more than five years:
Repayable by instalments:
Qarz-e-Hasna
36,000||
|---|---|
||
|
|||
|||
continued...
Page 11
## **Idara-e-Jaaferiya**
## **Notes to the Financial Statements - continued for the Year Ended 31st December 2022**
## **11. LEASING AGREEMENTS**
Minimum lease payments under hire purchase fall due as follows:
|Net obligations repayable:
Between one and five years
**12.**
**MOVEMENT IN FUNDS**
**Unrestricted funds**
General fund
**TOTAL FUNDS**
Net movement in funds, included in the above are as follows:
**Unrestricted funds**
General fund
**TOTAL FUNDS**
**Comparatives for movement in funds**
**Unrestricted funds**
General fund
**TOTAL FUNDS**|At 1.1.22
£
4,830,130
4,830,130
Incoming
resources
£
249,079
249,079
At 1.1.21
£
4,811,968
4,811,968||2022
£
9,055
Net
movement
in funds
£
(60,499)
(60,499)
Resources
expended
£
(309,578)
(309,578)
Net
movement
in funds
£
18,162
18,162|2021
£
-
At
31.12.22
£
4,769,631
4,769,631
Movement
in funds
£
(60,499)
(60,499)
At
31.12.21
£
4,830,130
4,830,130|
|---|---|---|---|---|
||||||
continued...
Page 12
## **Idara-e-Jaaferiya**
## **Notes to the Financial Statements - continued**
## **for the Year Ended 31st December 2022**
## **12. MOVEMENT IN FUNDS - continued**
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
resources
£
218,607
218,607|Resources
expended
£
(200,445)
(200,445)|Movement
in funds
£
18,162
18,162|
|---|---|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|At 1.1.21
£
4,811,968
4,811,968|Net
movement
in funds
£
(42,337)
(42,337)|At
31.12.22
£
4,769,631
4,769,631|
|---|---|---|---|
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
£
467,686
467,686|Resources
expended
£
(510,023)
(510,023)|Movement
in funds
£
(42,337)
(42,337)|
|---|---|---|---|
continued...
Page 13
## **Idara-e-Jaaferiya**
## **Notes to the Financial Statements - continued for the Year Ended 31st December 2022**
## **13. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31st December 2022.
Page 14
## **Idara-e-Jaaferiya**
## **Detailed Statement of Financial Activities for the Year Ended 31st December 2022**
|**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
Khums income
Hall collections & events
Sponsorship (Ramzan, Muharram)
Government grant
Member's subscription
Sunday school
Shop income
Funeral services
Rent receivable
**Total incoming resources**
**EXPENDITURE**
**Other trading activities**
Resident Alim & Sunday school
Employer's NI contributions
Employer's pension
Rates and water
Insurance
Light and heat
Cleaning
Repairs and maintenance
Khums paid
Fitra
Sadqa paid
Visiting speakers
Funeral services
School expenses
Printing, postage & stationery
Depreciation of tangible fixed assets
Groceries, refreshments & niaz|2022
£
78,035
21,538
33,103
57,039
-
8,098
8,689
1,037
22,930
18,610
249,079
249,079
35,962
2,126
906
1,856
6,442
24,566
6,145
18,480
11,529
3,369
25,328
31,070
16,110
8,881
1,674
17,676
70,861
282,981|2021
£
132,362
-
5,885
-
17,004
5,900
4,786
2,810
29,967
19,893|
|---|---|---|
|||
218,607|
|||
218,607
30,196
1,730
906
385
6,010
9,133
6,889
30,895
6,772
1,513
6,127
15,578
7,904
6,523
3,249
13,725
40,301|
|||
187,836|
This page does not form part of the statutory financial statements
Page 15
## **Idara-e-Jaaferiya**
|**Detailed Statement of Financial Activities**
**for the Year Ended 31st December 2022**
**Other trading activities**
**Investment management costs**
Telephone
Travelling
Auditors remuneration
Independent examiner’s fees
Bank charges
Sundry
**Support costs**
**Other 2**
Gain/Loss on disposal
Total resources expended
**Net (expenditure)/income**|2022
£
-
19,858
-
3,000
1,893
1,846
26,597
-
309,578
(60,499)|2021
£
675
1,381
4,500
-
1,067
170|
|---|---|---|
|||7,793
4,816|
|||200,445|
|||
18,162|
This page does not form part of the statutory financial statements
Page 16
2023-10-29
## Full accounts
## Final Audit Report
Created: 2023-10-27 By: S Murtaza (info@naailandco.com) Status: Signed Transaction ID: CBJCHBCAABAAYR7MYpKxmqmHDxf8an648nVXqkR6n7dV
## "Full accounts" History
Document created by S Murtaza (info@naailandco.com)
2023-10-27 - 1:50:38 PM GMT- IP address: 51.52.201.93
## Document emailed to info@idara-e-jaaferiya.org.uk for signature
2023-10-27 - 1:52:01 PM GMT
## Email viewed by info@idara-e-jaaferiya.org.uk
2023-10-27 - 1:59:34 PM GMT- IP address: 212.103.241.42
- Signer info@idara-e-jaaferiya.org.uk entered name at signing as Mohammad Raza
2023-10-29 - 7:51:26 PM GMT- IP address: 92.40.212.21
## Document e-signed by Mohammad Raza (info@idara-e-jaaferiya.org.uk)
Signature Date: 2023-10-29 - 7:51:28 PM GMT - Time Source: server- IP address: 92.40.212.21
Document emailed to syed@naailandco.com for signature 2023-10-29 - 7:51:30 PM GMT
## Email viewed by syed@naailandco.com
2023-10-29 - 7:58:15 PM GMT- IP address: 104.28.38.72
Signer syed@naailandco.com entered name at signing as Syed H Murtaza 2023-10-29 - 8:29:20 PM GMT- IP address: 202.47.48.14
Document e-signed by Syed H Murtaza (syed@naailandco.com) Signature Date: 2023-10-29 - 8:29:22 PM GMT - Time Source: server- IP address: 202.47.48.14
## Agreement completed.
2023-10-29 - 8:29:22 PM GMT