**REGISTERED CHARITY NUMBER: 260968** ## **Trustees' Report and** ## **Unaudited Financial Statements** **for the Year Ended 31st December 2023** **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 2023** ||**Page**| |---|---| |**Trustees' Report**|1 to 3| |**Independent Examiner's Report**|4| |**Statement of Financial Activities**|5| |**Statement of Financial Position**|6 to 7| |**Notes to the Financial Statements**|8 to 15| |**Detailed Statement of Financial Activities**|16 to 17| ## **Idara-e-Jaaferiya** ## **Trustees' Report for the Year Ended 31st December 2023** 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 2023. 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). Trustees' sincere thanks for your ongoing support. 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. We had invited some renowned Scholars and Noha reciters to the centre to deliver lectures during Ramazan, Muharram and Safar Months. The Idara Ashura Jaloos was an enormous success The daily prayers program, the weekly Thursday and Friday program continues on regular basis. Our focus continues to be on Education. Location of Saturday Jaaferiya School was moved from Idara premises to Proper school setting. A nearby school rooms has been rented for every Saturday. The rent is £300 per Saturday. The change has been a remarkable success. It has improved the environment, working of the school and helped the progress. The current student population is about 100 and keeps increasing. Your support for this project is appreciated. We continue with the daily Quran Classes. This is one to one Quran teaching to the students, face to face or online. There are 40+ students in daily Quran classes. The Quran classes are held Monday to Thursday. There four teachers conducting these classes. 2 London base and 2 online from Pakistan. 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. Please continue your support by donating funds for running of Idara. Without your support it would not be possible to conduct the 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 2023** ## **Trustees** Mr M Raza Mr A H A Syed (appointed 20/4/2023) Mr S A Jafri (appointed 20/4/2023) Mr N Naqvi Mr S H Ali Mr A Haidri Mr S Mirza Mr E Raza Mr A Ali (appointed 20/4/2023) Mr S R A S Zaidi (appointed 19/5/2024) Mr S T Hassan (appointed 17/4/2023) ## **Independent Examiner** Syed H Murtaza FCCA, MCMI Naail & Co Chartered Certified Accountants 69 Lambeth Walk London SE11 6DX ## **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 judgements and estimates that are reasonable and prudent; - prepare the financial statements on the going concern basis unless it is inappropriate 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. Page 2 **Idara-e-Jaaferiya** ## **Trustees' Report for the Year Ended 31st December 2023** 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: Mohammed raza (Oct 30, 2024 23:20 GMT+5) ................................................................. Mr M Raza - Trustee Page 3 **Independent Examiner's Report to the Trustees of Idara-e-Jaaferiya** ## **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 2023. ## **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. Syed H Murtaza Syed H Murtaza (Oct 31, 2024 10:31 GMT) Syed H Murtaza FCCA, MCMI Naail & Co Chartered Certified Accountants 69 Lambeth Walk London SE11 6DX Date: ............................................. Page 4 ## **Idara-e-Jaaferiya** ## **Statement of Financial Activities for the Year Ended 31st December 2023** |Notes
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
Other income
**Total**
**EXPENDITURE ON**
Raising funds
2
Gain on revaluation
7
**NET INCOME/(EXPENDITURE)**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|2023
Unrestricted
fund
£
231,936
1,879
233,815
300,956
489,329
422,188
4,769,631
5,191,819|2022
Total
funds
£
249,079
-
249,079
309,578
-
(60,499)
4,830,130
4,769,631| |---|---|---| The notes form part of these financial statements Page 5 ## **Idara-e-Jaaferiya** ## **Statement of Financial Position 31st December 2023** |Notes
**FIXED ASSETS**
Tangible assets
6
Investment property
7
**CURRENT ASSETS**
Debtors
8
Cash at bank and in hand
**CREDITORS**
Amounts falling due within one year
9
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**CREDITORS**
Amounts falling due after more than one
year
10
**NET ASSETS**
**FUNDS**
13
Unrestricted funds
**TOTAL FUNDS**|2023
Unrestricted
fund
£
4,559,716
658,000
5,217,716
1,196
35,037
36,233
(26,130)
10,103
5,227,819
(36,000)
5,191,819
5,191,819
5,191,819|2022

Total
funds
£
4,708,907
-
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| |---|---|---| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023. The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2023 in accordance with Section 476 of the Companies Act 2006. The notes form part of these financial statements continued... Page 6 **Idara-e-Jaaferiya** ## **Statement of Financial Position - continued 31st December 2023** 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: Mohammed raza (Oct 30, 2024 23:20 GMT+5) ............................................. Mr M Raza - Trustee The notes form part of these financial statements Page 7 **Idara-e-Jaaferiya** ## **Notes to the Financial Statements for the Year Ended 31st December 2023** ## **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 recognized 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| ## **Investment property** Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities. ## **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. continued... Page 8 **Idara-e-Jaaferiya** ## **Notes to the Financial Statements - continued for the Year Ended 31st December 2023** ## **1. ACCOUNTING POLICIES - continued** ## **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. 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** ## **Raising donations and legacies** |Support costs|2023
£
3,000|2022
£
-| |---|---|---| ## **3. NET INCOME/(EXPENDITURE)** Net income/(expenditure) is stated after charging/(crediting): |Depreciation - owned assets
Hire of plant and machinery
Other operating leases|2023
£
14,370
33,199
5,891|2022
£
17,675
24,566
6,145| |---|---|---| ## **4. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31st December 2023 nor for the year ended 31st December 2022. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31st December 2023 nor for the year ended 31st December 2022. continued... Page 9 **Idara-e-Jaaferiya** **Notes to the Financial Statements - continued for the Year Ended 31st December 2023** ## **5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** |**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**EXPENDITURE ON**
Raising funds
**NET INCOME/(EXPENDITURE)**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED**
**FORWARD**
**6.**
**TANGIBLE FIXED ASSETS**
Freehold
Plant and
property
machinery
£
£
**COST OR VALUATION**
At 1st January 2023
4,855,900
128,561
Additions
-
-
Reclassification
(137,900)
-
At 31st December 2023
4,718,000
128,561
**DEPRECIATION**
At 1st January 2023
174,886
122,210
Charge for year
8,795
1,143
At 31st December 2023
183,681
123,353
**NET BOOK VALUE**
At 31st December 2023
4,534,319
5,208
At 31st December 2022
4,681,014
6,351|Fixtures
and
fittings
£
10,625
3,079
-
13,704
8,861
872
9,733
3,971
1,764|Motor
vehicles
£
24,119
-
-
24,119
4,341
3,560
7,901
16,218
19,778||Unrestricted
fund
£
249,079
309,578
(60,499)
4,830,130
4,769,631
Totals
£
5,019,205
3,079
(137,900)
4,884,384
310,298
14,370
324,668
4,559,716
4,708,907| |---|---|---|---|---| |||||| |||||| |||||| |||||| |||||| continued... Page 10 **Idara-e-Jaaferiya** ## **Notes to the Financial Statements - continued for the Year Ended 31st December 2023** ## **6. TANGIBLE FIXED ASSETS - continued** Cost or valuation at 31st December 2023 is represented by: |||||Fixtures||| |---|---|---|---|---|---|---| |||Freehold|Plant and|and|Motor|| |||property|machinery|fittings|vehicles|Totals| |||£|£|£|£|£| |Valuation in|2023|4,718,000|128,561|13,704|24,119|4,884,384| Freehold property was valued on fair value basis on 31st May 2019 by Chartered Surveyors. Asset shown under freehold property has now been correctly reclassified under investment property. ## **7. INVESTMENT PROPERTY** |**FAIR VALUE**
Additions
Revaluation
Reclassification
At 31st December 2023
**NET BOOK VALUE**
At 31st December 2023
At 31st December 2022|£
30,771
489,329
137,900| |---|---| ||658,000| ||658,000| ||-| Asset shown under freehold property has now been correctly reclassified under investment property. Fair value at 31st December 2023 is represented by: |||£| |---|---|---| |Valuation in|2023|658,000| If it had not been revalued would have been included at the following historical cost: |Cost
Aggregate depreciation|2023
£
137,900
(30,338)|2022
£
-| |---|---|---| |||-| Investment property was valued on fair value basis on 31st March 2023 by the trustees. continued... Page 11 **Idara-e-Jaaferiya** ## **Notes to the Financial Statements - continued for the Year Ended 31st December 2023** |**8.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
2023
£
Other debtors
696
Prepayments
500
1,196
**9.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
2023
£
Hire purchase (see note 12)
4,354
Trade creditors
200
Social security and other taxes
511
Pension
605
Other creditors
379
Net wages
3,262
Accrued expenses
16,819
26,130
**10.**
**CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**
2023
£
Other loans (see note 11)
36,000
Hire purchase (see note 12)
-
36,000
**11.**
**LOANS**
An analysis of the maturity of loans is given below:
2023
£
Amounts falling due in more than five years:
Repayable by instalments:
Qarz-e-Hasna
36,000|2022
£
-
1,800
1,800
2022
£
-
1
888
302
4,537
5,241
21,401
32,370
2022
£
36,000
9,055
45,055
2022
£
36,000| |---|---| continued... Page 12 **Idara-e-Jaaferiya** ## **Notes to the Financial Statements - continued for the Year Ended 31st December 2023** ## **12. LEASING AGREEMENTS** Minimum lease payments under hire purchase fall due as follows: |Net obligations repayable:
Within one year
Between one and five years|2023
£
4,354
-
4,354|2022
£
-
9,055| |---|---|---| |||9,055| ## **13. MOVEMENT IN FUNDS** |**Unrestricted funds**
General fund
**TOTAL FUNDS**|At 1.1.23
£
4,769,631
4,769,631|Net
movement
in funds
£
422,188
422,188|At
31.12.23
£
5,191,819| |---|---|---|---| ||||5,191,819| Net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
resources
£
233,815
233,815|Resources
expended
£
(300,956)
(300,956)|Gains and
losses
£
489,329
489,329|Movemen
in funds
£
422,188| |---|---|---|---|---| |||||422,188| ## **Comparatives for movement in funds** |**Unrestricted funds**
General fund
**TOTAL FUNDS**|At 1.1.22
£
4,830,130
4,830,130|Net
movement
in funds
£
(60,499)
(60,499)|At
31.12.22
£
4,769,631| |---|---|---|---| ||||4,769,631| continued... Page 13 **Idara-e-Jaaferiya** ## **Notes to the Financial Statements - continued for the Year Ended 31st December 2023** ## **13. MOVEMENT IN FUNDS - continued** Comparative net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
resources
£
249,079
249,079|Resources
expended
£
(309,578)
(309,578)|Movement
in funds
£
(60,499)
(60,499)| |---|---|---|---| A current year 12 months and prior year 12 months combined position is as follows: |**Unrestricted funds**
General fund
**TOTAL FUNDS**|At 1.1.22
£
4,830,130
4,830,130|Net
movement
in funds
£
361,689
361,689|At
31.12.23
£
5,191,819
5,191,819| |---|---|---|---| 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
£
482,894
482,894|Resources
expended
£
(610,534)
(610,534)|Gains and
losses
£
489,329
489,329|Movement
in funds
£
361,689
361,689| |---|---|---|---|---| continued... Page 14 **Idara-e-Jaaferiya** ## **Notes to the Financial Statements - continued for the Year Ended 31st December 2023** ## **14. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31st December 2023. Page 15 ## **Idara-e-Jaaferiya** ## **Detailed Statement of Financial Activities for the Year Ended 31st December 2023** |**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
Khums income
Hall collections & events
Sponsorship (Ramzan, Muharram)
Member's subscription
Sunday school
Shop income
Funeral services
Rent receivable
**Other income**
Employment allowance
**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
Travelling & entertainment
Sundry
Bank charges
Muharram expenses
Pakistan ramzan & ration
Carried forward|2023
£
79,994
8,292
42,280
46,219
7,105
13,633
653
18,260
15,500
231,936
1,879
233,815
36,455
1,879
906
3,305
4,728
33,199
5,891
50,430
-
4,300
4,990
22,350
6,448
13,425
2,044
9,440
-
1,726
7,491
3,395
212,402|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
19,858
1,846
1,893
-
-
218,041| |---|---|---| This page does not form part of the statutory financial statements Page 16 ## **Idara-e-Jaaferiya** |**Detailed Statement of Financial Activities**
**for the Year Ended 31st December 2023**
**Other trading activities**
Brought forward
Depreciation of tangible fixed assets
Groceries, refreshments & niaz
**Support costs**
**Governance costs**
Independent examiner's fee
Total resources expended
**Net expenditure**|2023
£
212,402
14,370
71,184
297,956
3,000
300,956
(67,141)|2022
£
218,041
17,676
70,861
306,578
3,000
309,578
(60,499)| |---|---|---| This page does not form part of the statutory financial statements Page 17 2024-10-31 Final Audit Report ## Idara-e-Jaaferiya Created: 2024-10-30 By: Naail & Co (info@naailandco.com) Status: Signed Transaction ID: CBJCHBCAABAADmlQ7yvuGDt_EST_NdZ-TwWxB5TLcjkL ## "Idara-e-Jaaferiya" History Document created by Naail & Co (info@naailandco.com) 2024-10-30 - 11:11:42 AM GMT- IP address: 51.52.201.93 Document emailed to president@idara-e-jaaferiya.org.uk for signature 2024-10-30 - 11:13:34 AM GMT ## Document emailed to syed@naailandco.com for signature 2024-10-30 - 11:13:34 AM GMT Email viewed by syed@naailandco.com 2024-10-30 - 11:29:34 AM GMT- IP address: 104.28.40.147 Email viewed by president@idara-e-jaaferiya.org.uk 2024-10-30 - 6:11:41 PM GMT- IP address: 86.161.39.177 Signer president@idara-e-jaaferiya.org.uk entered name at signing as Mohammed raza 2024-10-30 - 6:20:04 PM GMT- IP address: 86.5.54.72 ## Document e-signed by Mohammed raza (president@idara-e-jaaferiya.org.uk) Signature Date: 2024-10-30 - 6:20:06 PM GMT - Time Source: server- IP address: 86.5.54.72 Signer syed@naailandco.com entered name at signing as Syed H Murtaza 2024-10-31 - 10:31:23 AM GMT- IP address: 51.52.201.93 Document e-signed by Syed H Murtaza (syed@naailandco.com) Signature Date: 2024-10-31 - 10:31:25 AM GMT - Time Source: server- IP address: 51.52.201.93 ## Agreement completed. 2024-10-31 - 10:31:25 AM GMT