REGISTERED CHARITY NUMBER: 260968
Trustees' Report and
Unaudited Financial Statements
for the Year Ended 31st December 2024
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 2024
| Page | |
|---|---|
| Trustees' Report | 1 to 2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Statement of Financial Position | 5 |
| Notes to the Financial Statements | 6 to 13 |
| Detailed Statement of Financial Activities | 14 to 15 |
Idara-e-Jaaferiya
Trustees' Report for the Year Ended 31st December 2024
The trustees present their report with the financial statements of the charity for the year ended 31st December 2024. 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 continue on regular basis.
Our focus continues to be on education apart from regular religious activities. School move to a school premises from Idara has been very successful. The school has been running successfully. The current student population is about 100 plus and keeps increasing. Your support for this project is appreciated. Many Thanks to all the Volunteer teachers for their support. Without their support it would not have been possible to run the school every Saturday.
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 plus students in daily Quran classes. The Quran classes are held Monday to Thursday. There are four teachers conducting these classes. 2 London base and 2 online from Pakistan.
Charity Commission started an investigation inquiry in the affairs of the Charity on concerned raised by some community members. The inquiry is ongoing in various operational and governance aspect. Trustees are fully co-operating with the Commission. Charity is working on actions plan as suggested by the Commission. A full report will be issued in due course.
2 receipt books (801 to 1000) went missing from the office. The matter has been reported to the Commission and to the Police. The investigation is currently on going.
Trustees’ sincere thanks for your support. Please continue your support by donating funds for running of Idara. Without your support it would not be possible to conduct all the activities.
Thanks, and Regards Mohammad Raza, President, Idara-e-Jaaferiya Executive Committee president@idara-e-jaaferiya.org.uk
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
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.
Page 1
Idara-e-Jaaferiya
Trustees' Report for the Year Ended 31st December 2024
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 260968
Principal address 18 Church Lane London SW17 9PP
Trustees
Mr M Raza Mr A H A Syed Mr S A Jafri Mr N Naqvi Dr S H Ali Mr S T M Jafri (resigned 19/5/2024) Mr A Haidri Mr S Mirza Mr E Raza Mr A Ali (resigned 16/9/2025) Mr S R A S Zaidi (appointed 19/5/2024) Mr S T Hassan
Independent Examiner
Syed H Murtaza FCCA, MCMI Naail & Co Chartered Certified Accountants 69 Lambeth Walk London SE11 6DX Approved by order of the board of trustees on ............................................. and signed on its behalf by:
Mohammed Raza
Mohammed Raza (Oct 17, 2025 16:47:25 GMT+1)
.................................................................... Mr M Raza - Chair
Page 2
Independent Examiner's Report to the Trustees of Idara-e-Jaaferiya
Independent examiner's report to the trustees of Idara-e-Jaaferiya
I report to the charity trustees on my examination of the accounts of Idara-e-Jaaferiya (the Trust) for the year ended 31st December 2024.
Responsibilities and basis of report
As the charity trustees of the Trust, 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 Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the 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:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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 17, 2025 17:04:49 GMT+1)
Syed H Murtaza FCCA, MCMI
Naail & Co Chartered Certified Accountants 69 Lambeth Walk London SE11 6DX Date: .............................................
Page 3
Idara-e-Jaaferiya
Statement of Financial Activities for the Year Ended 31st December 2024
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies Other income Total EXPENDITURE ON Raising funds 2 Net gains on investments NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted fund £ 217,008 1,656 218,664 240,063 - (21,399) 5,191,819 5,170,420 |
Restricted funds £ 21,269 - 21,269 18,178 - 3,091 - 3,091 |
2024 Total funds £ 238,277 1,656 239,933 258,241 - (18,308) 5,191,819 5,173,511 |
2023 Total funds £ 231,936 1,879 |
|---|---|---|---|---|
| 233,815 | ||||
| 300,956 | ||||
| 489,329 | ||||
| 422,188 4,769,631 |
||||
| 5,191,819 |
The notes form part of these financial statements
Page 4
Idara-e-Jaaferiya
Statement of Financial Position 31st December 2024
| Notes FIXED ASSETS Tangible assets 5 Investment property 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 Restricted funds TOTAL FUNDS |
Unrestricted fund £ 4,546,349 658,000 5,204,349 1,172 37,528 38,700 (36,629) 2,071 5,206,420 (36,000) 5,170,420 |
Restricted funds £ - - - - 3,552 3,552 (461) 3,091 3,091 - 3,091 |
2024 Total funds £ 4,546,349 658,000 5,204,349 1,172 41,080 42,252 (37,090) 5,162 5,209,511 (36,000) 5,173,511 5,170,420 3,091 5,173,511 |
2023 Total funds £ 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 |
|---|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
Mohammed Raza
............................................. Mohammed Raza (Oct 17, 2025 16:47:25 GMT+1) Mr M Raza - Chair
The notes form part of these financial statements
Page 5
Idara-e-Jaaferiya
Notes to the Financial Statements for the Year Ended 31st December 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, 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 Charities Act 2011. 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 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...
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Idara-e-Jaaferiya
Notes to the Financial Statements - continued for the Year Ended 31st December 2024
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 charity operates a defined contribution pension scheme. Contributions payable to the charity'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
| 2024 £ Support costs 3,000 |
2023 £ 3,000 |
|---|---|
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31st December 2024 nor for the year ended 31st December 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31st December 2024 nor for the year ended 31st December 2023.
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| INCOME AND ENDOWMENTS FROM Donations and legacies Other income Total EXPENDITURE ON Raising funds Net gains on investments |
Unrestricted fund £ 231,936 1,879 233,815 300,956 489,329 |
|---|---|
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continued...
Idara-e-Jaaferiya
Notes to the Financial Statements - continued for the Year Ended 31st December 2024
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
5.
| NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD TANGIBLE FIXED ASSETS |
Unrestricted fund £ 422,188 4,769,631 5,191,819 |
|---|---|
| COST OR VALUATION At 1st January 2024 and 31st December 2024 DEPRECIATION At 1st January 2024 Charge for year At 31st December 2024 NET BOOK VALUE At 31st December 2024 At 31st December 2023 |
Freehold property £ 4,718,000 183,681 8,795 192,476 4,525,524 4,534,319 |
Plant and machinery £ 128,561 123,353 938 124,291 4,270 5,208 |
Fixtures and fittings £ 13,704 9,733 715 10,448 3,256 3,971 |
Motor vehicles £ 24,119 7,901 2,919 10,820 13,299 16,218 |
Totals £ 4,884,384 |
|---|---|---|---|---|---|
| 324,668 13,367 |
|||||
| 338,035 | |||||
| 4,546,349 | |||||
| 4,559,716 |
Cost or valuation at 31st December 2024 is represented by:
| Valuation in 2024 | Freehold property £ 4,718,000 |
Plant and machinery £ 128,561 |
Fixtures and fittings £ 13,704 |
Motor vehicles £ 24,119 |
Totals £ 4,884,384 |
|---|---|---|---|---|---|
Freehold property was valued on fair value basis on 31st May 2019 by Chartered Surveyors.
continued...
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Idara-e-Jaaferiya
Notes to the Financial Statements - continued for the Year Ended 31st December 2024
6. INVESTMENT PROPERTY
| FAIR VALUE At 1st January 2024 and 31st December 2024 NET BOOK VALUE At 31st December 2024 At 31st December 2023 Fair value at 31st December 2024 is represented by: Valuation in 2024 |
£ 658,000 658,000 658,000 £ 658,000 |
|---|---|
If it had not been revalued it would have been included at the following historical cost:
| Cost Aggregate depreciation |
2024 £ 137,900 (31,717) |
2023 £ 137,900 (30,338) |
|---|---|---|
Investment property was valued on fair value basis on 31st December 2024 by the trustees.
7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Other debtors Prepayments |
2024 £ - 1,172 1,172 |
2023 £ 696 500 1,196 |
|---|---|---|
continued...
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Idara-e-Jaaferiya
Notes to the Financial Statements - continued for the Year Ended 31st December 2024
8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 2024 £ Restricted funds 461 Hire purchase (see note 11) - Trade creditors 3,434 Taxation and social security 268 Other creditors 32,927 37,090 9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2024 £ Other creditors (see note 10) 36,000 10. LOANS An analysis of the maturity of loans is given below: 2024 £ Qarz-e-Hasna 36,000 11. LEASING AGREEMENTS Minimum lease payments under hire purchase fall due as follows: 2024 £ Net obligations repayable: Within one year - |
2023 £ - 4,354 200 1,116 20,460 26,130 2023 £ 36,000 2023 £ 36,000 2023 £ 4,354 |
|---|---|
continued...
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Idara-e-Jaaferiya
Notes to the Financial Statements - continued for the Year Ended 31st December 2024
12. MOVEMENT IN FUNDS
| At 1.1.24 £ Unrestricted funds General fund 5,191,819 Restricted funds Khums - Fitra - Special Projects - - TOTAL FUNDS 5,191,819 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 218,664 Restricted funds Khums 12,692 Fitra 4,782 Special Projects 3,795 21,269 TOTAL FUNDS 239,933 |
Net movement in funds £ (21,399) 2,630 (461) 922 3,091 (18,308) Resources expended £ (240,063) (10,062) (5,243) (2,873) (18,178) (258,241) |
At 31.12.24 £ 5,170,420 2,630 (461) 922 3,091 5,173,511 Movement in funds £ (21,399) 2,630 (461) 922 3,091 (18,308) |
|
|---|---|---|---|
continued...
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Idara-e-Jaaferiya
Notes to the Financial Statements - continued for the Year Ended 31st December 2024
12. MOVEMENT IN FUNDS - continued
Comparatives for 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 |
Comparative net movement in funds, included in the above are as follows:
| Incoming Resources Gains and resources expended losses £ £ £ Unrestricted funds General fund 233,815 (300,956) 489,329 TOTAL FUNDS 233,815 (300,956) 489,329 A current year 12 months and prior year 12 months combined position is as follows: Net movement At 1.1.23 in funds £ £ Unrestricted funds General fund 4,769,631 400,789 Restricted funds Khums - 2,630 Fitra - (461) Special Projects - 922 - 3,091 TOTAL FUNDS 4,769,631 403,880 |
Movement in funds £ 422,188 422,188 At 31.12.24 £ 5,170,420 2,630 (461) 922 3,091 5,173,511 |
|---|---|
continued...
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Idara-e-Jaaferiya
Notes to the Financial Statements - continued for the Year Ended 31st December 2024
12. MOVEMENT IN FUNDS - continued
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 Restricted funds Khums Fitra Special Projects TOTAL FUNDS |
Incoming resources £ 452,479 12,692 4,782 3,795 21,269 473,748 |
Resources expended £ (541,019) (10,062) (5,243) (2,873) (18,178) (559,197) |
Gains and losses £ 489,329 - - - - 489,329 |
Movement in funds £ 400,789 2,630 (461) 922 3,091 403,880 |
|---|---|---|---|---|
13. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31st December 2024.
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Idara-e-Jaaferiya
Detailed Statement of Financial Activities for the Year Ended 31st December 2024
| INCOME AND ENDOWMENTS Donations and legacies Donations Khums income Hall collections & events Sponsorship (Ramzan, Muharram) Member's subscription Educational fund Shop income Funeral services Rent receivable Other income Employment allowance Total incoming resources EXPENDITURE Other trading activities Resident Alim Employer's NI contributions Employer's pension Rates and water Insurance Light and heat Cleaning Repairs and maintenance Khums Fitra Sadqa paid Visiting speakers Funeral services School expenses Printing, postage & stationery Travelling & entertainment Carried forward |
2024 £ 63,725 12,692 27,843 62,799 6,940 19,573 600 16,325 27,780 238,277 1,656 239,933 36,196 1,656 906 2,096 5,076 31,691 6,149 5,141 10,062 5,243 - 25,050 3,481 20,017 166 5,058 157,988 |
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 9,440 199,790 |
|---|---|---|
This page does not form part of the statutory financial statements
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Idara-e-Jaaferiya
Detailed Statement of Financial Activities for the Year Ended 31st December 2024
| Other trading activities Brought forward Sundry Bank charges Muharram expenses Pakistan ramzan & ration Computer & software Interest paid Freehold property Plant and machinery Fixtures and fittings Motor vehicles Groceries, refreshments & niaz Support costs Governance costs Independent examiner's fee Total resources expended Net expenditure |
2024 £ 157,988 1,616 1,424 9,679 2,873 1,966 358 8,795 938 715 2,919 65,970 255,241 3,000 258,241 (18,308) |
2023 £ 199,790 - 1,726 7,491 3,395 - - 8,795 1,143 872 3,560 71,184 297,956 3,000 300,956 (67,141) |
|---|---|---|
This page does not form part of the statutory financial statements
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