**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: 1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or 3. 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... Page 6 ## **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| |---|---| Page 7 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... Page 8 ## **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... Page 9 ## **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... Page 10 ## **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... Page 11 ## **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... Page 12 ## **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. Page 13 ## **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 Page 14 ## **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 Page 15