2024-12-31-accounts - The World Federation Of Khoja Shia Ithna-Asheri Muslim Communities

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Registered Charity in the UK No. 282303

TRUSTEES REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

� the Economic and Social Council (ECOSOC) of the United Nations1 T RUSTEES �� �� 2024

	INDEX
	Objectives	2
	WF-AID	7
	Islamic Education 15
	MCE	18
	ICAIR	23
TRUSTEES��2024	Hawza Online International Outreach Education Khoja Heritage Financial Statements 26 28 36 39 44
	Independent Auditor’s Report 51

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Object i ves

Our Vision:

To build a compassionate and self-sustaining world, inspired by the values of the Shia Ithna-Asheri faith and the legacy of the Khoja community, where every individual has the opportunity to live with dignity, purpose, and hope.

Our Mission:

To serve humanity through impactful, faith-rooted charitable action. We unite and empower the global Khoja Shia Ithna-Asheri community to address poverty, promote education, and advance ethical leadership, and work in partnership with others to uplift lives and uphold human dignity around the world.

Pub li c Beneft Sta tement

The World Federation of KSIMC (“The World Federation”) is committed to advancing �� requirements of the Charities Act 2011. In line with Section 17 of the Act, the Trustees �� and delivering the organisation’s activities.

The charity’s work is rooted in the belief that all individuals are entitled to essential human needs. It undertakes humanitarian programmes focused on alleviating poverty, improving access to clean water, and expanding educational opportunities—particularly in underserved and developing regions. These initiatives are designed to promote long��

In addition, The World Federation is dedicated to fostering understanding of Islam as a faith that promotes peace, compassion, and universal human values. All charitable activities are carried out with transparency, inclusivity, and accountability, ensuring that �� restricted.

The World Federation of KSIMC’s guiding principle remains: ‘We exist to serve’.

The organisation is committed to creating a more just, compassionate, and self-reliant world. Guided by the ethical teachings of the Shia Ithna-Asheri faith and the lived experiences of the Khoja community, our work is rooted in service, dignity, and the promotion of human well-being.

We believe that access to basic needs, such as food, water, healthcare, education, and shelter, is a fundamental right. Our long-term aim is to empower communities, especially the most vulnerable, with the tools and opportunities needed to thrive with independence and hope.

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Our charitable programmes are implemented in collaboration with local partners across the globe and include:

Emergency relief during crises and disasters

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Healthcare and medical aid through clinics, hospitals, and outreach
Safe water and sanitation solutions
Housing construction and reconstruction
Support for widows, orphans, and other marginalised groups
Sponsorship and educational access for students from low-income backgrounds
Interfaith and civic engagement to strengthen community cohesion
Development and distribution of faith-based educational resources

We also invest in building capacity within our grassroots communities to strengthen institutions and leadership for the future.

The World Federation’s constitutional objectives are:

To promote the Shia Ithna-Asheri faith throughout the world;
To relieve poverty among members of the Community; and
To educate members of the Community.

�� Shia Ithna-Asheri faith.

This report outlines how each major department - WF-Aid (International Relief & Development), Community Affairs and Islamic Education - works to advance these charitable objects. Our activities are guided by a strategic plan developed at a Conference every three years, and the Trustees monitor progress and programme delivery through regular reporting and review. Reports are shared transparently with ��

St r uctu r e and Gov ernance

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Membership

�� It was accredited as a Non-Governmental Organisation (‘NGO’) in Special Consultative ��

Following the implementation of the Charities (Protection and Social Investment PSI) �� with the regulation. The Charity did not make use of any external fundraisers.

Organisational Structure

The World Federation has an elected President, Vice President, Hon. Treasurer and Hon. Assistant Treasurer. The Secretariat, led by a nominated Secretary General, and assisted by a nominated Assistant Secretary General, has overall responsibility of the staff and �� the key management personnel of the Organisation and effectively act as the senior �� reimbursed occasionally for expenses incurred for duties carried out as Trustees.

The World Federation also has an Executive Council, made up of Councillors from its membership, who regularly meet to monitor the organisation’s activities and progress. A triennial conference is organised to discuss the progress of the preceding three-year period and the direction for the next three years. The Conference has the power to adopt important and strategic resolutions and can amend the Constitution.

Appointment of the Trustees

The appointment of the Trustees is governed by the Constitution. The Board of Trustees devote their time voluntarily. The organisation undertakes training needs analysis of �� needs.

The Corporate Governance Framework

�� Federation’s services were devolved to its regional members who were better informed of the local needs and resources of the community. A new focused approach enabled the organisation to work through its three departments, each of which is led by a Head who is responsible for managing the activities of that department.

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Status: Registered charity in England & Wales

Charity No: ��

Office Bearers: (Key Management Personnel)

President: Safder Jaffer

Vice President: Habib Meghjee

Secretary General: Ali Jawad

Assistant Secretary General: Ali Abbas Hasham

Hon. Treasurer: Sajjad Rajan

Assistant Hon. Treasurer: Mohsin Musa

Accountant: Mohamed Lakha

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Principal Office:

Trustees: Principal Office: Safder Jaffer The World Federation of KSIMC Habib Meghjee Wood Lane Ali Jawad Stanmore Ali Abbas Hasham Middlesex Sajjad Rajan �� Mohsin Musa

�� United Kingdom

Auditors:

Bankers:

Barclays Bank Price Bailey Chartered Accountants Harrow 24 Old Bond Street United Kingdom London Habib Bank Zurich �� London United Kingdom United Kingdom

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WF-AID O,WF-AID ECONOMICEMPOWERMENT&D1&45TER RELIEF

Overv i ew

The WF-AID department is dedicated to international relief and development, envisioning a world free from suffering where everyone has access to life’s necessities. Its core annual projects focus on:

Food Relief: Ensuring communities have access to nutritious meals.
Provision of Clean Water: Addressing water scarcity and promoting hygiene.
Education Access: Supporting learning opportunities for a brighter future.
Winter Essentials: Providing critical aid during harsh weather conditions.

Additionally, WF-AID responds swiftly to global crises through its Emergency Relief Appeals. Beyond these core efforts, the organisation implements rolling projects that include:

Economic Upliftment: Empowering individuals with sustainable livelihood opportunities.
Housing Support: Providing safe and secure homes for those in need.
Medical and Health Assistance: Delivering essential healthcare services and support.
• Financial Aid:�� widows, orphans, and the disabled.

�� communities and addressing their most pressing needs.

All WF-AID programmes are delivered in collaboration with vetted local partners. Due diligence is conducted prior to engagement, including assessment of governance, �� impact and compliance with UK regulations.

Ramadhan Re l ief

Ramadhan Relief 2024 aimed to ensure that families across the globe could observe the holy month of Ramadhan without the burden of food insecurity. The initiative collaborated with 52 organisations across 20 countries in East Africa, South Asia, East Asia, Middle East and Caribbean, bringing essential support to communities in need.

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�� Ramadhan and celebrate Eid with dignity and happiness.

• 64,312 Food Packs & Cash Gifts: Provided families with supplies for Suhoor (pre-dawn meal) & Iftar (the evening meal to break the fast).

• 1,103 Community Meals: Brought people together over Iftar, offering nourishing shared meals to break their fasts.

6,704 Eid Gifts: Spread joy by providing items like clothing & toys for Eid festivities.

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No. of Food Packs No. of Cash Gifts No. of Community Meals No. of Eid Gifts Individual Beneficiaries Total Meals Provided
Africa 9,796 1,024 772 1,329 91,999 1,514,088
26,406 10,051 326 1,575 220,158 6,776,850
Pakistan
India 9,040 2,735 5 2,770 67,754 2,702,450
Middle East 830 540 0 890 7,306 214,500
South & East 3,816 2 0 140 8,186 487,300
Asia
72 0 0 0 444 31,320
Other Regions
2024 49,960 14,352 1,103 6,704 395,847 11,726,508
2023 52,094 17,371 466,240 4,570 387,868 12,996,188
2023 56,066 16,828 1,189 4,086 776,769 15,140,018
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A li A s har Water A g ppeal

�� in providing clean and safe water to some of the world’s most water-scarce regions. These efforts have contributed to restoring health, dignity, and opportunities for countless individuals and families.

WF-AID successfully implemented 69 water projects this year, ranging from the construction of water wells and boreholes to the installation of advanced water �� 27,433 families and 113,611 individuals, addressing a critical need in communities where access to clean water was previously a daily struggle.

�� clean water, reducing the prevalence of waterborne diseases, improving overall health outcomes, and enabling families to redirect their focus toward education, livelihood, and community development. WF-AID’s targeted interventions are designed to meet both immediate needs and long-term water security challenges in the regions served.

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By implementing a range of tailored water solutions, WF-AID has demonstrated a �� strategies. These efforts form a cornerstone of WF-AID’s mission to alleviate hardship and improve quality of life for vulnerable communities worldwide.

Region	Number of Projects	Number of Benefciaries
Africa	27	79,405
Pakistan	33	31,956
Rest of Asia	9	2,250

Build A Well

WF-AID’s Build a Well programme is a transformative initiative aimed at addressing water scarcity in underserved regions. The programme focuses on constructing sustainable water solutions that cater to the unique needs of communities in rural and semi-urban areas. In 2024, WF-AID successfully completed 274 regular wells at a total ��

Region-Specific Solutions

�� environmental conditions of the regions it serves:

Shallow and Deep Wells in Pakistan and India: These wells address the varying depths at which water is accessible in these regions. Shallow wells provide affordable and practical solutions for smaller communities, while deep wells cater to larger populations, offering a reliable and sustainable water source.
Rural Wells in Tanzania and Kenya: These wells are strategically designed for rural communities, ensuring access to clean water in areas where natural water �� alleviating the burden on women and children who often spend hours fetching water.

Community-Led Sustainability

WF-AID prioritises sustainability by involving local communities in the planning, construction, and maintenance of wells. Training and capacity-building initiatives ensure �� help withstand environmental challenges.

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– Br i ghte r Futures Fill My Cup

The Fill My Cup Appeal continues to transform the lives of children across 17 regions in Tanzania and Kenya by providing a nutritious breakfast of porridge before they begin their school day. In 2024, we were able to alleviate hunger, improve school attendance, and help children focus better on their studies. By reducing barriers to education caused by food insecurity, this initiative has positively impacted over 5,000 beneficiaries by providing almost 700,000 meals, laying the foundation for brighter futures.

Each highlighted region on the map below represents an area where the Fill My Cup �� children wake up to a better start each day with a nutritious breakfast that fuels their education and growth.

– Qu r ban i Food Re lief

�� 2024 to support 11,570 struggling families, particularly in disadvantaged communities �� an act of worship, compassion, and charity, particularly during the festival of Eid al-Adha.

W i nter Appea l

As temperatures dropped this winter, WF-AID worked tirelessly to provide essential support to vulnerable families across the globe. From Turkey to South Asia, our Winter Appeal focused on delivering life-saving aid to communities facing extreme hardships ��

Winter brings added challenges to those already struggling, and many families faced the unthinkable - choosing between staying warm or feeding their children. Thanks to the dedication of our supporters, WF-AID was able to reach these communities, bringing

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warmth, comfort, and hope during the harshest months of the year. In 2024, the winter ��

Economic U li ftm ent p

Microfinance Through Tailoring

WF-AID’s Tailoring Program in Kenya is designed to empower women by providing a two-year vocational training course in tailoring, dressmaking, and design. This initiative equips participants with practical skills, enabling them to secure employment or establish their own businesses. The program ensures sustainability through donorfunded loans and grants to support graduates’ ventures.

The program fosters lasting empowerment, helping women sustain themselves and �� employment or starting small businesses, thereby improving their households and communities.

Economic Upliftment, Pakistan

The Economic Upliftment Project (EUP) was launched in response to the catastrophic �� focuses on rebuilding livelihoods by supporting families through sustainable opportunities in livestock, agriculture, and small businesses.

Hous i ng

Build A Home, Pakistan

The Build A Home project in Pakistan began in October 2022 following the August �� provinces. In 2024:

Khyber Pakhtunkhwa:��
Punjab:��
Sindh:��
Balochistan: ��

�� planned.

Housing Development, India

WF-AID supported various housing initiatives in India, focusing on repairing homes, constructing essential facilities, and developing housing projects for vulnerable communities.

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Key Achievements:

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Key Projects:

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�� Bhavnagar, Gujarat.

Sewi Syed, Muzaffargarh

�� lack access to stable housing. Living in insecure and inadequate shelters, they struggle to provide a safe environment for their children. With no means to afford proper housing, they remain vulnerable to harsh weather conditions and socio-economic challenges. To address this urgent need, construction is underway for 10 permanent �� designed to include two rooms, a kitchen, a bathroom, and independent access to water and electricity, providing long-term stability.

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Fatimiyyah Hospital Expansion, Pakistan

Located centrally, Fatimiyyah Hospital serves as a vital healthcare facility for the KPSIAJ (Khoja Pirhai Shia Ithna-Asheri Jamaat), the largest Jamaat under the Pakistan �� as overcrowding, a lack of beds, and outdated technology persist.

The ongoing expansion aims to address these challenges by acquiring a new property and upgrading the hospital’s facilities.

Key Contributions:

�� USD 1.2 million needed to acquire a new property for the hospital.

The expansion of Fatimiyah Hospital aims to enhance healthcare services by increasing capacity, upgrading medical facilities, and introducing specialised departments such

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as cardiology and neonatal care. The project involves constructing a 1,000 sq. yard �� care by adding more beds, operation theatres, and a Cath Lab for critical cardiac �� demand for quality medical services in Soldier Bazar and surrounding areas. By reducing overcrowding and improving healthcare accessibility, the project will provide life-saving treatments to those who previously struggled to access adequate medical care.

Or hans & W i dow s p

�� across Iraq, India, and Pakistan. This funding was utilised to provide essential services such as food, rent assistance, vocational training, and cash support, while also covering costs associated with personnel to ensure the smooth operation of orphanages. �� India, and families in Islamabad, Pakistan. Through these efforts, WF-AID addressed immediate needs and empowered individuals with opportunities for growth and stability.

Food & F i nanc i a l A id

Pakistan

�� struggling with poverty across Baltistan, Punjab, Hyderabad, and Karachi. Through this initiative, a total of 656 families, including widows, orphans, and disabled individuals, �� of life. Addressing critical issues such as malnutrition, medical expenses, rent, utility bills, and education fees, WF-AID allocated £93,571 towards direct aid, ensuring families had access to essential resources to sustain their basic needs. This intervention has been instrumental in mitigating economic hardships and fostering stability within �� most in need.

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ISLAMIC EDUCATION

Advancement of Islamic Education

I n tr oduct i on

The Islamic Education (IE) Department of The World Federation of KSIMC advances �� educational, scholarly, and community-focused initiatives. It aims to foster religious understanding, spiritual growth, and intellectual development across all age groups within the global Shia Ithna-Asheri community.

Islamic Calendar Project:

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Key Events and Edu cational Engagements

The Islamic Education Department hosted a series of targeted seminars and workshops in 2024, aimed at strengthening community understanding of key theological, ethical, and jurisprudential matters, while fostering leadership capacity among scholars and educators.

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In collaboration with local partners, a comprehensive workshop was held at WF House to explore the Islamic prayer’s spiritual, philosophical, and practical dimensions. The �� learning environments on core practices of faith.

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A high-level seminar was convened to address contemporary academic and theological discourse surrounding the interpretation of religious texts in the modern era. Hosted at WF House in collaboration with ICAIR, the session examined whether traditional hermeneutic approaches require adaptation in light of modern contexts. The session was delivered in Arabic with live interpretation and followed by a community engagement session on nurturing spirituality.

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This day-long seminar brought together community scholars, regional representatives, �� communities today.

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Key topics included:

Navigating tensions between unity and theological clarity
Expectations from central institutions in supporting regional needs
Addressing emerging ideological and pastoral challenges, the workshop concluded with departmental presentations outlining recent and forthcoming initiatives.

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A specialist seminar examined key jurisprudential discussions and contemporary interpretive challenges, using modest dress as a case study. Delivered by a guest �� across genders and provided a forum for critical yet respectful exploration of this subject.

Planned for 2025:

Workshops on marriage contract implementation and community policy development

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Alternative Dispute Resolution (ADR) mediation training

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MCE Madrasah Centre of Excellence

Madrasah Centre of Excellence (MCE)

The Madrasah Centre of Excellence (MCE) serves as the central hub for advancing Shia Islamic education across our global network of community-based Islamic learning centres. Its core focus is to ensure that high-quality religious education remains at the forefront of our vision worldwide.

At the heart of MCE’s work is the Tarbiyah curriculum, designed to nurture piety by �� Bayt(a). MCE develops engaging, state-of-the-art resources tailored to the needs of children across diverse contexts.

Tarbiyah Qu r’ an C urriculum

�� training programme—delivered both online and in person—is being developed to equip ��

The D i i ta l Porta l : Reach and Features g

The MCE continues to enhance their Digital Portal, with the aim of providing educators with tools that support effective use of classroom time for both teachers and students. Informed by user feedback, the platform is evolving into a more tailored Learning Management System (LMS), with regular updates and new features designed to improve functionality and user experience.

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�� the Digital Portal.

Weekly engagement includes:

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The platform offers a growing range of features to support both educators and learners, such as:

Lesson controls, downloadable notes, and interactive student activities
Progress tracking tools for individuals and classes
Feedback and resource-sharing mechanisms
‘Test Yourself’ assessments that guide learning trajectories

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A recent addition allows educators to generate digital student reports, including personalised feedback. These are accessible to parents via the student portal, enhancing transparency and parental engagement.

Some of the teacher/student features include:

User feedback (the blue button)
Community resources
Lock and unlock lessons
Downloading notes
The search button
Students progress and last access date
Class progress
Student centric activities
‘Test Yourself’ questions that inform the trajectory of students learning

Next Steps:

We are planning to expand our suite of digital curriculum offerings in the coming months to include:

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Baligha (Coming of Age) Programme

This expansion aims to provide accessible, well-structured, and faith-aligned educational content to support learners and educators across diverse global communities.

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Tarbi ah Stor boo ks y y

Bands A and B Storybooks

Storybooks continue to play a vital role in early years Islamic education, particularly �� foundational Islamic concepts in an age-appropriate manner.

We are pleased to report that 11 new storybooks have recently been added in both English and French, and are now available via the Tarbiyah website, digital portal, and the Storytime App. These resources help make learning more engaging and accessible for madrasah students worldwide.

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6A04 Manners of sleeping
6A05 The Muslim way
6A06 Caring for my heart
6B01 Islamic Months
6B02 Shariah and Furu-E-Din
6B03 Hajj
6B04 Grooming & Hygiene
6B05 Niyyah
6B06 Taharah and Najasah
6B07 Halal food
6B08 Salman al-Muhammadi
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ICAIR INTERNATIONAL CENTRE FOR ADVANCED ISLAMIC RESEARCH

1 . Ke Act i v i ties an d Achievements y

Organised Seminar on “The Najaf Seminary: Shi’i Leadership and Political Dynamics” ��
Organised Seminar on “The Book of God and My Family Shall Never Part Ways” that ��
Organised Seminar on “Islam and Hollywood”�� 2024)
Organised Seminar on “The Fiqh and Science of Moonsighting”��

��God in the Modern World”�� (April 20, 2024)

�� “The Ethics of Karbala”�� 2024)

��“Shahida Bint al-Huda and Her Novels” that served 101 ��

�� “Discussion with Sayyid Muneer al-Khabbaz” that served ��

��“Tawassul and Ziyarah in Islamic Thought”��

Organised Seminar on “Akhbarism and Usulism”��

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Published al-Sidrah Magazine Issue 1 (10 articles)
Signed MOU with Mizan Institute (USA) for development of courses

�� Magazine

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2 . Statist i cs and M etrics

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�� defray costs of events

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HAWZA O N L l N E

Ke Act i v i ties and Achievements y

Graduation Milestone

In May 2024, we celebrated the graduation of our inaugural cohort of students from the �� highlights the dedication of both our students and faculty to the pursuit of Islamic teachings.

Further Studies Programme Launch

In September 2024, we introduced the Further Studies Programme, aimed at delivering postgraduate-level education. This programme focuses on three main areas: Supervised �� Arabic. This initiative aims to equip graduates with advanced skills, ready to take on impactful roles in community service and academia.

Statistic and Metrics

Total Students: 212
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Teachers: 14
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Programmes Offered: 4 (Hawza Studies, Arabic, Further Studies, Short Courses)
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Own Textbooks: 3
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INTERNATIONAL OUTREACH

The World Federation’s International Outreach Department is dedicated to sharing the �� The department has witnessed remarkable growth, initiating numerous engaging projects in 18 languages and extending its reach to over 70 countries!

1 . Ke Act i v i ties an d Achievements y

Prominent Key Activities 2024:

· Comprehensive global Muharram programmes were delivered across 21 countries in ��70,000 individuals through educational lectures, commemorative gatherings, and community engagement activities.

�� from 19 cities and 8 countries across Europe, in September 2024.

· Youth development programmes were delivered in Grenada, Madagascar, and Mauritius, engaging 140 young participants in faith-based learning, personal development, and community-building activities.

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· Monthly support to around 150 East African Students in Islamic Seminaries.

· Interfaith Seminar in Aug 2024 in South Africa with the Catholic Church of Cape Town. Another seminar in May 2024 in Madagascar titled ‘Together with Lady Mary’

· Book Publications in various languages & book distributions.

��Hal Min Muddakir? - where is the learner of Dhikr?

· Creation of a « French Desk » under this Department. This will offer services across all The World Federation Departments in the French language for those within our communities who require access to community services in this language.

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PROMINENT ACTIVITIES HIGHLIGHT EVERTS. ••••••9 MUHARRAM PROGRAMS 2024-1446 21 26 70,000. DUTREACH IN 21 COUNTRIES ACROSS ASIA. AFRICA AND EUROPE 26 DIVERSE ACTIVITIES CONDUCTED SUPPORTED 234 MUBAILIGHEEN BENEFITTING MORE THAN 70,000 PEOPLE On the au5pldous tx£a51on of the birlh anriveT5wie5 oflhe trRloved Messenger of Nlah. Prophet Moharnmed ISAWI, and Imam Aksadiq IASI, The byorld Federion'5 External Tableegh Department organised ils firstver REVERTS CONFERENCE The Conlerence was led by a panel of prominent figu in the Revert Community- Shaykh Ayub Rashid, Shaykh Ahmod Hanegf. Brother Abdulah Shabar. Br Adb Al-Rauf Shokoya and Br Razahuseln Rahlm. The aim ofthe cxthncE was 1. SupFK>rt the splrltual gro¥rth oftrw)se hava ernbraC the Mad'hab of Ahl al-Bayt lal. 2. Identify and address the challenges faced by the revert Community. 3. Prowd• a atforM for Ihe vertS lo Sha Ilif axperiences and connecl th olher groups. SEPTEMBER 21 WF Hots, Lond¢ 80 Partklpantsfrom19cltles 30 TRUSTEES REPORT-2024

2 . 2024 Statist i cs a nd Metrics

In July 2024, the Head of the International Outreach Department conducted an outreach and needs assessment visit to South Africa. He visited centres in Durban, Cape Town, and Johannesburg, engaging with local community members and interfaith representatives to better understand regional needs and opportunities for collaboration.
The Ahlulbait Mosque in Ottery, in collaboration with The World Federation of KSIMC and the Catholic Church of Cape Town, co-hosted an interfaith seminar titled “Suffering and Sacrifice for Others: A Muslim–Christian Perspective.”

The seminar featured a diverse panel of religious leaders and academics and served as a platform to foster mutual understanding and dialogue between Muslim and Christian communities.

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IRAQ

A member of the World Federation team visited the Religious Seminary of Khojas in Najaf, which currently serves 40 students. During the visit, a lecture was delivered in Arabic, and there were direct engagements with students, faculty, and management to strengthen ties and gain deeper insight into the seminary’s academic and operational needs.

BOSNIA

Ongoing management of The World Federation’s Islamic Centre – Zivot Foundation:

Programs conducted:

Celebrations and Commemoration of Islamic historical events with the Shia community members.
Translation and subtitling of lecture series for the Holy month of Muharram.
Monthly youth meetings and discussion circles to engage participants in meaningful dialogue, spiritual development, and community connection.

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��36 videos for our Centre’s YouTube channel with around 1300 subscribers.

�� Federation Secretariat, and to meet the community at Zivot Foundation.

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PHILIPPINES

Month of Ramadhan Support and sponsorship of two scholars at the request of the local community.
Month of Muharram - Safar Support and dispatching three scholars for centres in Metro Manila, Meycauayan and Guiguinto in Bulacan. Various activities were conducted, including congregational programs, classes for ladies and children, organisation of Sabeel (providing water and drink) and interfaith activities.

INDONESIA

The World Federation, through a local agency in Indonesia, coordinated three blood donation drives, engaging 141 donors. In addition, seven community service stalls served 1,100 food portions.

GRENADA

A summer youth programme was successfully organised in collaboration with the local Jamaat in Grenada, offering participants a valuable opportunity for personal growth, ��

MADAGASCAR

Medical, Eye Check-up and Circumcision Camps successfully conducted in Manakara, Madagascar
Essential Clothing and Footwear Distribution to the underprivileged people
Participation in the construction of roads and distribution of trees to the local community Centres.

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Interfaith Seminar: The World Federation participated in the Interfaith Seminar “Together with Lady Mary” in Madagascar. For this occasion, 1,000 copies of the book Wisdom of Jesus, Son of Mary were published and distributed in French.

��Youth Engagement Programme: Contribution and participation in a youth ��

KENYA AND TANZANIA

Educational Technology Support: The World Federation donated 100 computer tablets to students at three key educational Islamic learning centres in Tanga and Dar es Salaam, Tanzania, enhancing digital learning access for 100 learners.
Monthly Student Stipends: In collaboration with the Africa Federation, The World �� East Africa.
Support for Educational Activities: Supported local educational initiatives, including capacity-building workshops, training sessions, and seminars in Kenya.
Higher Education Sponsorship: Fully funded the travel of 11 students from Tanzania, nominated by Bilal Muslim Mission of Tanzania (BMMT), to undertake advanced religious studies in Najaf, Iraq.

�� Community Education Programmes: Delivered outreach and engagement programmes during the Month of Muharram in collaboration with Bilal Muslim Mission of Kenya and Tanzania, reaching approximately 10,000 individuals.

�� Community Meals and Gatherings: In partnership with the Caring is Sharing organisation, The World Federation supported weekly community gatherings and meal distributions (including dua sessions) at 10 centres across Kenya.

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Projects i n othe r C ountries:

INDIA

Installation of four air conditioners �� 2,000 attendees by improving comfort during community programmes.

IVORY COAST

Support for Muharram programming included a large-scale blood donation drive, daily lectures, congregational gatherings, , youth-led performances and educational recitations in French.

TRINIDAD AND TOBAGO

Public engagement activities included tent installations and a street exhibition on the theme of Imam Hussain and Karbala. Educational materials such as water bottles and pamphlets were distributed to facilitate dialogue and public awareness.

POLAND

Supported the publication�� Polish, authored by Arek Miernik. Two “Meet the Author” events are planned to promote the book and engage readers in thoughtful discussion.

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EDUCATION

1 . Ke Act i v i ties an d Achievements y

Scaling Education support for underprivileged children: In 2024, the Zainabiya Child Sponsorship Scheme (ZCSS) expanded its support for disadvantaged children, �� The programme now operates in Pakistan, India, the Philippines, Kenya, mainland Tanzania, and, most recently, Uganda. Through collaboration with local partners, �� costs, including tuition, uniforms, and school materials. This initiative is designed to reduce barriers to education and improve long-term outcomes for children from under-served communities.
Increased focus on Higher Education: Likewise, we have increased our support for �� bright future.
Careers Education & Guidance: �� Careers Education & Guidance webinars for our community schools. We plan to expand this initiative further in the coming year.
Vocational Education: The Education team embarked on supporting underprivileged students in remote areas like Parachinar through vocational courses such as mobile repair and solar panel installation. In the upcoming year, we aim to diversify the range of vocational training we offer.
TWF Collaboration with Jaffaria Academy (UK): During the year, The World Federation announced a new collaboration with Jaffaria Academy (UK), a Cambridge�� cooperate on value-based education and explore future opportunities in educational ��
The Launch of an Innovative website and Mobile App: The World Federation Education team launched a dedicated education website aimed at engaging and informing our global community about ongoing initiatives and opportunities. In addition, a mobile app has been developed to enhance the donor experience, offering features such as academic progress updates, donation tracking and reminders, and personal preference settings.
The Launch of the Masters Edge program: The Masters Edge program is a highly competitive program where potential applicants are selected on their academic excellence as well as wider contribution to society. As part of the Masters Edge initiative, The World Federation will support successful applicants with a Higher Education support package towards their university tuition fees as well as provide these students with mentorship and career coaching to help unlock their potential and take them to the next level in their professional career.

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2 . Statist i cs and M etrics

Primary and Secondary Education

�� students through the ZCSS programme.

�� our programme countries.

Higher Education

�� Education across the world.

Careers Education & Guidance

In 2024, the TWF Education team hosted a series of Careers Education and Guidance webinars in collaboration with select community schools. Plans are underway to expand this initiative to reach a wider student audience in the coming year.

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KHOJA 4 HERITAGE PROJECT

The Khoja Heritage Project (KHP) is dedicated to promoting and preserving the rich legacy of the Khoja Shia Ithna-Asheri community. Through its efforts, KHP seeks to foster a deep appreciation for the remarkable contributions of the community’s founding �� the faith we uphold today.

1 . Ke Act i v i ties an d Achievements in 2024 y

Khoja Heritage Tour in India – January 2024:

�� religious rediscovery of the Khoja Shia Ithna-Asheri community. Bringing together 31 participants from across the United Kingdom, USA, Canada, Sweden, France, and Kenya, the tour was thoughtfully designed to highlight the community’s deep-rooted connection to its heritage and enduring passion for its preservation.

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Global Khoja Heritage Day Celebrations – October 2024:

�� momentous milestone in the Worldwide Khoja community’s efforts to honour and preserve their cultural heritage. With a theme of unity and heritage preservation, this two-day, globally synchronised event brought together Khoja communities from Karachi, Toronto, New York, Most UK Jamaats, Paris, Hyderabad, Badin, Mumbai and other cities to celebrate their shared history, cultural values, and humanitarian ideals. This year’s event went beyond regular events, encouraging the community to address urgent global concerns by supporting emergency relief efforts, fostering a collective spirit of empathy and social responsibility.

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• Khoja Heritage Day International Competitions – Poetry and Essay writing competitions:

As part of the Khoja Heritage Day celebrations, the Khoja Heritage Project launched a series of international competitions to encourage creative engagement with Khoja ��

Essay Writing: Participants were asked to write essays on topics related to Khoja history and identity.
Global Khoja Heritage Quiz: Participants were provided a quiz to encourage them to explore their heritage.

Winners of these competitions received various prizes: cash awards for the children’s �� youth and senior winners.

Khojapedia: Chronicling the Rich History of the Khoja Community

The initiative to document and honour the heritage of the Khoja community made notable progress with the introduction of Khojapedia, a digital encyclopedia that became a comprehensive repository of the community’s socio-religious history. As

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an online platform, Khojapedia is serving as a crucial resource for both members and researchers interested in the intricate tapestry of Khoja culture, history, and religious practices-www.khojapedia.com

2 . Statist i cs and M etrics

Our Grassroots Reach and Community Involvement:

• Khoja Heritage Tour: 31 participants from six countries (UK, USA, Canada, Sweden, France, Kenya).

• Global Khoja Heritage Day: Events held in Karachi, Toronto, New York, London, Paris, ��

��

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FINANCIAL O STATEMENTS

F i nanc i a l Rev i ew

Total income has increased by £1,132,403 and the Resources Expended has increased by �� to this report.

Risk Management

The Trustees are committed to maintaining a strong and proactive risk management culture across the organisation. Recognising that effective risk oversight is critical to delivering our mission, The World Federation has continued to strengthen its risk framework and practices over the past year.

Principal Risks and Uncertainties

A comprehensive risk register is maintained and regularly updated, capturing key risks �� dimensions. Risks are assessed based on likelihood and potential impact, with clearly �� house Legal and Compliance team and reviewed periodically by the Trustees, with a focus on continuous improvement.

Identified risk: Information Technology and Cyber Security

Information technology remains a key operational risk area for The World Federation, �� current systems are broadly stable, there is a recognised need to ensure that IT support �� The absence of more structured technical support or reliance on outdated tools may, over time, impact service delivery.

A related consideration is the organisation’s dependency on a limited number of external IT support arrangements, which may create vulnerability if service quality or continuity is disrupted. Additionally, as with all organisations handling sensitive information, the risk of data breach, corruption, or accidental loss due to technical faults or cyber threats remains a concern.

Action Taken to Mitigate the Risk:

The Trustees are actively reviewing existing IT arrangements and introducing new frameworks to clarify service level expectations, data ownership provisions, and continuity planning. Exploring alternative providers, particularly in areas where service dependency is concentrated, forms part of broader risk mitigation efforts. These actions support The World Federation’s ongoing commitment to building long-term digital resilience.

The organisation is also transitioning to cloud-based backups to strengthen data recovery and ensure secure, long-term retention. These measures are part of a wider digital review aimed at supporting operational continuity, enhancing data governance, and reducing overall risk exposure.

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Additionally, a digital Request for Proposals (RFP) process was undertaken to support the redevelopment and consolidation of The World Federation’s public-facing website. While not directly linked to core operational IT risk, this strategic initiative contributes to improved digital engagement, accessibility, and user experience.

Identified risk: Data Protection

�� and partners. There is a risk of non-compliance with data protection laws, including the UK GDPR, which could result in reputational harm, regulatory penalties, or a loss of stakeholder trust. Risks may arise from accidental data breaches, poor data handling ��

Action Taken to Mitigate the Risk:

�� GDPR lead to guide the organisation’s compliance efforts and provide appropriate oversight. A comprehensive data protection policy is being rolled out across the organisation, with the support from external service providers. This is accompanied by the development of clear procedures and staff training to promote sound data governance.

Organisation-wide awareness and training initiatives are being planned to ensure that �� requirements. Regular reviews of data handling practices and security measures are taking place to ensure that personal information is managed securely, lawfully, and transparently. Departments are engaging in practical, phased projects to integrate the GDPR framework into their existing work. The Trustees continue to monitor this area closely as a key governance and compliance priority.

Identified risk: Whistleblowing and Ethical Reporting

The absence of a clear and trusted mechanism for staff, volunteers, or stakeholders to raise concerns could result in unethical or unlawful behaviour going unreported. This may expose the organisation to reputational, legal, or operational risks, particularly if issues are not addressed early or appropriately.

Action Taken to Mitigate the Risk:

The World Federation is in the process of implementing a Whistleblower Policy, which �� to staff and relevant stakeholders and is supported by awareness-raising to ensure individuals feel empowered to speak up in good faith without fear of retaliation.

Conclusion

As part of its ongoing commitment to risk maturity, The World Federation will continue ��

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governance, and reporting processes.

Enhanced internal controls, strengthened oversight of partners, more detailed due diligence, and an evolving policy framework have all contributed to greater �� mitigation measures are in place to manage principal risks to an acceptable level and ��

Investments

The Trustees are actively identifying suitable opportunities to invest the portion of the ��. The Trustees �� care to protect the capital invested.

Grant Making Policies

The Trustees have a robust policy of rigorously reviewing grant applications that are received. The review of the applications is conducted by the Heads of Departments in line with these policies prior to approval being given for the grant to be made.

Furthermore, once the grants are released, there is a system in place to monitor the effect of the grant and reporting details acquired to ensure that the objective has been ��

Internal Audit

The Trustees have initiated a scheme of periodic internal audits, undertaken by an independent international business assurance provider specialising in internal auditing. The Charity takes learnings from these audits and implements recommendations to continuously improve processes.

Reserves Policy

��

�� disbursed by the Trustees for the activities intended within the next 12 months. Unrestricted funds are maintained to cover management and administration costs and ��

�� received after the yearend. Where there are surpluses, the funds are utilised when actual expenditure is incurred.

The Trustees have examined the Charity’s requirements for reserves in light of the main risks to the organisation.

� T RUSTEES �� �� 20 24

�� organisational activities to meet the following requirements:

Safeguard the charity’s service commitment in the event of delays in receipt of donations or other income
��

To this end, the Trustees have established a reserves policy that is reviewed annually to ensure that the appropriate levels of reserves are maintained. However, the Trustees are of the view that reserves should not be set too high, tying up funds which could and should be spent on charitable activities. In line with its duties as a service provider, the �� assets, amounting to three months projected operating costs. This is to minimise any �� therefore the Trustees are considering ways of investing the surplus reserves.

Responsibilities of the Trustees

The Trustees are responsible for managing the day-to-day activities of The World Federation as laid down by the Constitution. The Trustees are responsible for preparing �� and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requires �� and fair view of the state of affairs of the charity and of the incoming resources and �� statements, the Trustees are required to:

Select suitable accounting policies and then apply them consistently;
Observe the methods and principles in the Charities SORP;
Make judgements and estimates that are reasonable and prudent;
State whether applicable accounting standards have been followed, subject to any ��
�� inappropriate to presume that the Charity will continue in business.

The Trustees are responsible for keeping proper accounting records that disclose with ��

They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

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The Trustees are responsible for the maintenance and integrity of the charity and �� differ from legislation in other jurisdictions.

Trustees meet regularly to review program progress, assess risk, approve policies and budgets, and provide oversight of key areas such as safeguarding, fundraising, and ��

None of the Trustees receive any remuneration for their services as Trustees during the year.

Related Parties

The World Federation has policies in place to identify and document related party transactions which are detailed under note 10a of the accounts section.

Looking Ahead

�� the Trustees of The World Federation of KSIMC are focused on the challenges and opportunities that lie ahead.

�� for the future.

Our strategic vision for the coming year and beyond is shaped by three guiding priorities:

Consolidation of Impact: We aim to build on the strong foundations laid in 2024 by reinforcing our monitoring and evaluation frameworks to ensure the effectiveness and sustainability of our programs—particularly those in humanitarian relief, economic upliftment, and education.
Global Digital Transformation: Recognising the changing needs of our diverse community, we will invest in strengthening digital platforms to support outreach, Islamic education, madrasah learning, and community engagement—bridging gaps for those in underserved or remote regions.

�� our collaboration with regional federations and grassroots organisations. This approach ��

We are also committed to embedding long-term resilience into our operations by �� leadership. This includes cultivating youth-led initiatives, supporting seminary scholars, and ensuring the next generation is spiritually, intellectually, and ethically equipped.

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On behalf of all Trustees, we express our sincere appreciation to our donors, volunteers, partners, and staff for their unwavering support. With continued reliance on the Almighty, we step forward in service, determined to uplift and unify our global community.

Conclusions

During the period 1 January 2024 - 31 December 2024, The World Federation has taken �� constitutional objects and the Trustees assert it as a going concern entity.

The World Federation Trustees are grateful to the dedicated service of its staff and many volunteers. Without their commitment it would be impossible for The World Federation to achieve its objectives and carry out its programs.

The Trustees consider the performance as satisfactory for the year-end 31 December 2024.

This report was approved by the board of Trustees on 22nd October 2025 and signed on its behalf by:

Ali Jawad

Ali Jawad - Trustee, Secretary General

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I ndependent Aud itor’s Report

Opinion

�� Muslim Communities (the ‘parent charity’) for the year ended 31 December 2024 which comprise of the Group Statement of Financial Activities, the Group Balance Sheet, the �� preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

��

give a true and fair view of the state of the group’s affairs as at 31 December 2024, and of the group’s incoming resources and application of resources, including its income and expenditure, for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Charities Act 2011.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further �� of our report. We are independent of the group and parent charity in accordance with �� responsibilities in accordance with these requirements. We believe that the audit �� opinion.

Conclusions relating to going concern

�� is appropriate.

�� uncertainties relating to events or conditions that, individually or collectively, may �� authorised for issue.

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

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Other information

The other information comprises the information included in the Trustees annual report, �� responsible for the other information contained within the annual report. Our opinion �� to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the �� appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise �� we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the �� opinion:

�� respect with the Trustee’s report; or
the charity has not kept adequate and proper accounting records; or
�� returns; or
we have not received all the information and explanations we require for our audit.

Responsibilities of Trustees

As explained more fully in the Trustees responsibilities statement, the Trustees are �� they give a true and fair view, and for such internal control as the Trustees determine is �� misstatement, whether due to fraud or error.

�� the group and parent charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the group or parent charity or to cease operations, or have no realistic alternative but to do so.

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Auditor responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with regulations made or having effect thereunder.

�� statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the ��

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We gained an understanding of the legal and regulatory framework applicable to the Charity and the sector in which it operates and considered the risk of the Charity not complying with the relevant laws and regulations including fraud in particular those �� and tax legislation. In relation to the operations of the Charity this included compliance ��

The risks were discussed with the audit team and we remained alert to any indications of non-compliance throughout the audit.

�� following:

Reviewing minutes of Board meetings, reviewing any correspondence with the Charity �� a review of the risk management processes and procedures in place. We have also reviewed the procedures in place for the reporting of any incidents to the Trustee Board including serious incident reporting of these matters as necessary with the Charity Commission.

Management override: To address the risk of management override of controls, we carried out testing of journal entries and other adjustments for appropriateness. We reviewed systems and procedures to identify potential areas of management override risk.

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Because of the inherent limitations of an audit, there is a risk that we will not detect �� statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions �� instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities is available on the FRC’s website at: https:// www.frc.org.uk/auditors/audit-assurance/auditor-s-responsibilities-for-the-audit-of-thefi/description-of-the-auditor%E2%80%99s-responsibilities-for . This description forms part of our auditor’s report.

We communicated with those charged with governance regarding, among other matters, �� audit.

Use of our report

This report is made solely to the charity’s Trustees, as a body, in accordance with Part �� undertaken so that we might state to the charity’s Trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s Trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Price Bailey LLP Chartered Accountants Statutory Auditors

3rd Floor, 24 Old Bond St, Mayfair, London W1S 4AP

Date: 24 October 2025

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C ONSO LI DATED STATEM ENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 DECEMBER 2024

2024 Restricted Funds £ 3,213,019 -	2024 Unrestricted Funds £ 12,371,338 331,634 12,702,972 480,824 6,334,737 5,970,467 12,786,028 53,800 (29,256) - (29,256) 15,765,086 15,735,830	2023 Restricted Funds £ 14,588,107 195,481
3,213,019	12,702,972	14,783,588
- 18,100 2,548,148		252,051 5,795,783 6,317,712
2,566,248	12,786,028	12,365,546
- 646,771 - 646,771 2,960,546 3,607,317		(217,786)
		2,200,256
		-
		2,200,256 16,525,376
		18,725,632

The accompanying notes form an integral part of these accounts. All activities are continuing and no activities were discontinued this year.

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C ONSO LI DATED BALAN CE SHEET

FOR THE YEAR ENDED 31 DECEMBER 2024

Notes FIXED ASSETS �� 11 Investment properties 12 Investments in joint venture 13b CURRENT ASSETS Debtors 14 Cash at bank CREDITORS:amounts falling due within one year 15 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 17 Restricted Funds General Funds Designated Funds TOTAL FUNDS	£ £ 725,213 1,246,656 4,003,190 5,975,059 9,532,006 9,793,607 19,325,613 (5,957,525) 13,368,088 19,343,147 19,343,147 3,607,317 8,759,386 6,976,444 19,343,147 2024	£ £ 725,213 1,246,656 4,003,190 5,975,059 9,532,006 9,793,607 19,325,613 (5,957,525) 13,368,088 19,343,147 19,343,147 3,607,317 8,759,386 6,976,444 19,343,147 2024	£ £ 548,315 1,396,868 4,003,190 5,948,373 9,392,801 8,880,482 18,273,283 (5,496,024) 12,777,259 18,725,632 18,725,632 2023	£ £ 548,315 1,396,868 4,003,190 5,948,373 9,392,801 8,880,482 18,273,283 (5,496,024) 12,777,259 18,725,632 18,725,632 2023	£ £ 548,315 1,396,868 4,003,190 5,948,373 9,392,801 8,880,482 18,273,283 (5,496,024) 12,777,259 18,725,632 18,725,632 2023
					5,948,373 12,777,259
					18,725,632
					18,725,632
		3,607,317 8,759,386 6,976,444
					2,960,546 8,352,589 7,412,497
		19,343,147			18,725,632

The financial statements were approved and authorised for issue by the Board the Trustees on 22nd October 2025 and were signed below on its behalf by:

an Safder Jaffer Sajjad Raj

Sajjad Rajan

Safder Jaffer Sajjad Rajan President Hon. Treasurer

The accompanying notes form an integral part of these accounts.

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CH AR I TY BALANCE SHE ET

FOR THE YEAR ENDED 31 DECEMBER 2024

£ £ 725,213 834,781 2 4,003,190 5,563,186 9,944,764 9,771,497 19,716,261 (5,943,500) 13,772,761 19,335,947 19,335,947 3,607,317 8,752,186 6,976,444 19,335,947 2024	£ £ 725,213 834,781 2 4,003,190 5,563,186 9,944,764 9,771,497 19,716,261 (5,943,500) 13,772,761 19,335,947 19,335,947 3,607,317 8,752,186 6,976,444 19,335,947 2024	£ £ 548,314 984,990 2 4,003,190 5,536,496 10,008,946 8,876,561 2023	£ £ 548,314 984,990 2 4,003,190 5,536,496 10,008,946 8,876,561 2023
	5,563,186		5,536,496
19,716,261 (5,943,500)		18,885,507 (5,494,787)	13,390,720

			18,927,216
			18,927,216
			2,960,548 8,554,171 7,412,497
			18,927,216

The financial statements were approved and authorised for issue by the Board the Trustees on 22nd October 2025 and were signed below on its behalf by:

Safder Jaffer Sajjad Rajan

President Hon. Treasurer

The accompanying notes form an integral part of these accounts.

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C ONSO LI DATED CASH F LOW STATEMENT

FOR THE YEAR ENDED 31 DECEMBER 2024

----- Start of picture text -----
|||| |---|---|---| |2024|2023| |£|£| |��| |Net cash (used in)/provided by operating activities|682,152|2,091,834| |��| |Interest|305,021|195,482| |Payments to purchase investments|(16,583)|(498,263)| |��|(57,465)|(28,610)| |Net cash provided by/(used in) investing activities|230,973|(331,391)| |Change in cash and cash equivalents in the reporting period|913,125|1,760,443| |Cash and cash equivalents at the beginning of the reporting period|8,880,482|7,120,039| |Cash and cash equivalents at the end of the reporting period|9,793,607|8,880,482| |NOTES TO THE STATEMENT OF CASH FLOWS| |��| |Net movement in funds:|617,515|2,200,256| |��|47,362|51,288| |Decrease/(increase) in debtors|(139,205)|(15,189)| |(Decrease)/increase in creditors|461,501|50,961| |Dividends, interests and rents from investments|(305,021)|(195,482)| |Net cash (used in)/provided by operating activities|682,152|2,091,834| |(b) Analysis of Cash and Cash equivalents|9,793,607|8,880,482|

----- End of picture text -----

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N OTES TO THE FINANC I A L STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1. ACCOUNTING POLICIES

Basis of preparation

�� 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)-(Charities SORP Second Edition, ��

�� England ��

Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

Going concern

The Trustees have assessed whether the use of the going concern assumption is appropriate �� assessment in respect to a period of one year from the date of approval of these �� the charity’s operations. In particular the Trustees have considered the charity’s forecasts and projections and have taken account of pressures on donation income. After making enquiries the Trustees have concluded that there is a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its ��

Fund Accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes ��

�� imposed by donors which have been raised by the charity for particular purposes. The ��

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Investment income, gains and losses are allocated to the appropriate fund.

Income

All income is recognised when the criteria of entitlement, measurement and probability ��

Gifts in kind donated for distribution are included at valuation and recognised as income when they are distributed to the projects. Gifts donated for resale are included as income when they are sold. Donated facilities are included at the value to the charity ��

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the application to HMRC.

Rental income receivable in the subsidiary company is recognised in the period in which the income falls due on an accruals basis.

Expenditure

Liabilities are recognised as resources expended as soon as there is a legal or constructive obligation committing the charity to the expenditure. Expenditure �� 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. Grants payable are charged in the year when the offer is conveyed to the recipient. Grants offered subject to conditions which have not been met at the year-end date are noted as a commitment but not accrued as expenditure.

��

Costs of raising funds comprise the costs of investment management and other support costs that do not relate directly to separate charitable activities.
Expenditure on charitable activities includes the costs of projects on health, relief and advancement of education undertaken to further the purposes of the charity and their associated support costs.
Support costs have been allocated to direct activities based on the total direct costs of each function. Governance costs are now allocated in line with other support costs. Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

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Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. ��

Operating leases

�� terms of the lease.

Short term benefits

�� which the service is received.

Employee termination benefits

��

Tangible fixed assets and depreciation

All assets costing more than £1,400 are capitalised.

�� over their expected useful lives on the following bases:

��

Investment

Investment properties are included in the balance sheet at their open market value. Investments properties also include programme related investments stated at costs less impairment. Details are included in Note 12.

Investments in the subsidiary and the joint venture are stated at their actual investment costs.

Financial instruments

�� subsequently measured at amortised cost with the exception of investments which are held at fair value. Financial assets held at amortised cost comprise cash at bank and in �� instant access bank accounts and used as working capital. Financial liabilities held at amortised cost comprise all creditors except social security and other taxes.

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Debtors

Trade and other debtors are recognised at the settlement due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligations resulting from a past event that will probably result in the transfer funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Critical accounting judgements and estimates

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Although these estimates are based on management’s best knowledge of the amount, events or actions, actual results may ultimately differ from those estimates. The Trustees consider the following items to be areas subject to estimation and judgement.

�� the annual depreciation charge;

• the assumptions adopted by the Trustees in determining the market value of investment properties and assessment of impairment of the investments in joint venture;

• the assumptions adopted by the Trustees and management in determining the value of any designations required from the charity’s general unrestricted funds; and

• the basis on which support costs have been allocated across expenditure headings.

� T RUSTEES �� �� 2024

2. INCOME FROM DONATIONS AND LEGACIES Donations Legacies Gift Aid reclaimed Management charges Books, CD and Tuition fees	Total Funds 2024 £ 15,324,483 29,102 157,484 - 73,288 15,584,357	Total Funds 2023 £ 14,008,070 364,879 159,630 10,839 44,689
		14,588,107

Included in above are restricted donations of £3,213,019 (2023: £2,323,526). All other income in both ��

3. INVESTMENT INCOME – UNRESTRICTED FUNDS Rental income and service charge Investments Bank interest	Total Funds 2024 £ 26,613 - 305,021 331,634	Total Funds 2023 £ 30,764 51,546 113,172
	331,634	195,482

4. EXPENDITURE

4. EXPENDITUR Health Relief Advancement of education	E Direct staff Costs £ - 239,949 414,145 654,094	Direct other Costs £ 16,969 196,071 847,630 1,060,670	Grants Payable £ 463,855 5,773,790 6,578,514 12,816,159	Support Costs Other Support Costs £ Governance Costs £ - - 55,235 87,792 220,941 457,385 276,176 545,177	Total Funds 2024 £ 480,824 6,352,837 8,518,615
					15,352,276

� T RUSTEES �� �� 20 24

COMPARATIVE PERIOD

Support Costs

Other Support Costs £ 16,820 385,021 952,169 1,354,010 �� Other costs £ 65,626 320,410 386,036 �� Other costs £ 14,655 346,492 865,370 1,226,517	Governance Costs £ 9,587 102,110 180,124 291,821 Governance £ 74,907 56,509 131,416 Governance £ 9,587 102,110 180,124 291,821	Total Funds 2023 £ 415,328 4,404,606 7,545,612
		12,365,546
		Total Funds 2024 £ 164,270 657,082
		821,352
		Total Funds 2023 £ 26,407 487,131 1,132,293
1,226,517	291,821	1,645,831

Support costs have been allocated to direct activities based on the total direct costs of each function.

� T RUSTEES �� �� 2024

6: GRANTS TO INDIVIDUALS

Number
Relief
48
Advancement of education
47
95
7: GRANTS TO INSTITUTIONS
Health
Relief
Advancement of education
��
Africa Federation
Anjuman Samaji Bahbood
Bagh-E-Zehra Welfare Trust
KSIMC of London
��
Council of European Jamaats – COEJ
UNRWA
Sci Invest Bureau 93
Turkiya Caferileri
Khoja (Pirbhai) Shia Isna Asheri Jamaat
Orison Charitable Trust
Nyota Foundation
Jabir Bin Hayyan Trust
��
��
Every Human Matters
��
Dar Al Zahra School
Sakina Trust
Hussaini Foundation

Total Funds
2024
£
Number
Total Funds
2023
£
114,901
52
29,643
2,756,617
63
2,154,770
2,871,518
115
2,184,413
Total Funds 2024
£
Total Funds 2023
£
463,855
252,051
5,658,889
4,054,908
3,821,897
2,340,518
9,944,641
6,647,477
Total Funds 2024
£
Total Funds 2023
£
1,392,880
837,243
933,852
732,133
159,955
642,754
736,093
392,506
541,550
372,684
889,025
328,240
292,897
293,686
21,343
216,844
43,730
214,368
842,702
205,769
197,972
186,149
65,667
137,438
577,904
128,465
241,933
-
47,500
123,011
652,879
121,613
112,906
115,394
45,582
115,102
-
100,800
89,490
100,754

� T RUSTEES �� �� 20 24

Ahlul Bayt Foundation �� WIPHAS Khoja Shia Isnaashari Jamaat Raza Trust Imam Al Sadr Foundation Imam E Zamana Mission �� Iraq Red Crescent Society General Kesar Baug Trust Zeal Education and Charitable Trust AHL ALBAYT ASSEMBLY SCANDINAVIA Jaffaria Academy Ltd Fifanampiana Rassoul Oul Akram SELM Academy Majlis e Ulama e Shia Europe.	- 110,742 120,472 179,196 109,747 154,558 69,461 24,332 - 317,056 154,317 115,149 80,000 72,173 55,663 50,000	- 110,742 120,472 179,196 109,747 154,558 69,461 24,332 - 317,056 154,317 115,149 80,000 72,173 55,663 50,000	100,000 98,417 96,928 94,280 75,814 72,153 51,569 50,828 50,113 - - - - - - -
	9,498,726		6,055,055

8: GOVERNANCE COSTS

8: GOVERNANCE COSTS
Audit fees including VAT Auditor’s remuneration – accountancy fees (including VAT) Legal and professional fees Staff costs 9: NET (EXPENDITURE)/INCOME This is stated after charging: �� �� �� ��	Total Funds 2024 £ 36,000 - 44,533 50,883 131,416 Total Funds 2024 £ 47,362 30,000 -	Total Funds 2023 £ 46,110 12,540 182,235 50,936
		291,821
		Total Funds 2023 £ 51,288 29,425 10,450

� 66 T RUSTEES �� �� 2024

10: STAFF COSTS

�� Wages and salaries Social security costs Pension �� Education Relief Administration	Total Funds 2024 £ 455,129 171,437 27,527 654,093 No. 11 3 2 16	Total Funds 2023 £ 458,396 182,132 28,513
		669,041
		No. 9 5 3
		17

Key management personnel are deemed to be the Trustees. The Trustees did not receive any remuneration in respect of the services provided to the organisation. No ��

10(a): RELATED PARTY TRANSACTIONS

�� expenses. (2023: £Nil)

��

One Trustee also donated funds through an entity where he is a director - Total amounts ��

��

There were no other related party transactions in the year.

� T RUSTEES �� �� 20 24

11. TANGIBLE FIXED ASSETS

11. TANGIBLE FIXED ASSETS	11. TANGIBLE FIXED ASSETS	11. TANGIBLE FIXED ASSETS
Land and buildings £ �� equipment £ COST At 1 January 2024 651,145 108,104 Additions - 16,583 Transfer from Investment Property 207,677 At 31 December 2024 858,822 124,687 DEPRECIATION At 1 January 2024 169,298 66,330 Charge for the year 13,023 9,645 At 31 December 2024 182,321 75,975 NET BOOK VALUE At 31 December 2024 676,501 48,712 At 31 December 2023 481,847 41,774 12. INVESTMENT PROPERTY Market Value At 1 January 2024 Additions Transfer from Investment Property At 31 December 2024			�� £ 157,156 - -	Total £ 916,405 16,583 207,677
	858,822	124,687	157,156 132,462 24,694 157,156	1,140,665
	169,298 13,023	66,330 9,645		368,090 47,362
	182,321	75,975		415,452
	676,501	48,712	-	725,213
			24,694
	481,847	41,774		548,315

			2024 £ 1,396,868 57,465 (207,677) 1,246,656	2023 £ 1,246,656 150,212 -
				1,396,868

�� owned by the Charity. The two remaining properties have been included at the Trustees’ valuation, who do not believe there to be a material movement in their fair value as at the year-end.

�� building will be occupied by the Charity’s staff.

� T RUSTEES �� �� 2024

13(a). INVESTMENT IN SUBSIDIARY UNDERTAKING

13(a). INVESTMENT IN SUBSIDIARY UNDERTAKING
100% ordinary share capital of WF Digital Limited �� World Federation Investments Ltd	2024 £ 2023 £ 1 1 1 1
	2 2

�� to £1.

13(b). INVESTMENT IN ASSOCIATE

KSIMC Residential Investments Ltd – A shares KSIMC Residential Investments Ltd – B shares KSIMC Investments Ltd – A Shares KSIMC Investments Ltd – B Shares KSIMC Investments Ltd – B Shares issued in the year	2024 £ 2023 £ 50 50 38 38 50 50 4,003,052 3,655,000 - 348,052
	4,003,190 4,003,190

� T RUSTEES �� �� 20 24

14. DEBTORS

----- Start of picture text -----
|||| |---|---|---| |2024|2023| |£|£| |��| |Loans to individuals|938|2,175| |-| |Loans to Charitable organisations|40,000| |Other debtors|256,598|265,909| |Prepayments|1,318|1,117| |298,854|269,201| |Amounts due after more than one year| |Loans to Charitable organisations|9,233,152|9,123,600| |9,532,006|9,392,801|

----- End of picture text -----

Loans to charitable organisations includes an unsecured advance provided during the year to The Khoja Shia Ithnasheri Muslim Community of London, an associated organisation serving members of the community. The advance is towards an option to acquire a property and for the use of that property. The amount is non-interest bearing.

15. CREDITORS: amounts falling due within one year

----- Start of picture text -----
|||| |---|---|---| |2024|2023| |£|£| |Other creditors|5,497,976|4,685,973| |Trade creditors|459,549|810,051| |5,957,525|5,496,024|

----- End of picture text -----

� T RUSTEES �� �� 2024

16. STATEMENT OF FUNDS

DESIGNATED FUNDS Khums WF-AID Education Huqooq UNRESTRICTED FUNDS General Fund Total Unrestricted Fund RESTRICTED FUNDS Hiridjee Foundation Fund (MARC) Capital Projects Fund Africa Federation Education Mogadishu Fund Amanat Trust Fund Mamas Zainabiya Child Sponsorship Scheme Yasir Asir Sponsorship Scheme Total Funds	BROUGHT FORWARD 01/01/2024 £ 1,253,366 5,608,878 345,539 204,714	INCOME £ 5,301,052 5,098,549 62,249 383,580 10,845,430 1,857,542 12,702,972 - 1,265,432 1,926 - 1,039,595 120 897,514 8,432 3,213,019 15,915,991	EXPENDITURE £ (5,292,684) (5,454,746) (140,871) (393,182) (11,281,483) (1,450,745) (12,732,228) (13,023) (1,025,202) (1) - (797,088) - (730,934) - (2,566,248) (15,298,476)	CARRIED FORWARD 31/12/2024 £ 1,261,734 5,252,681 266,917 195,112 6,976,444 8,759,386 15,735,830 415,232 344,150 1,950 735,497 1,763,449 720 292,537 53,782 3,607,317 19,343,147
	7,412,497
	8,352,589
	15,765,086
	428,255 103,920 25 735,497 1,520,942 600 125,957 45,350
	2,960,546
	18,725,632

� T RUSTEES �� �� 20 24

16. STATEMENT OF FUND: YEAR ENDED 31 DECEMBER 2023

----- Start of picture text -----
BROUGHT CARRIED
INCOME EXPENDITURE
FORWARD FORWARD
01/01/2023 31/12/2023
£ £ £ £
DESIGNATED FUNDS
Khums 1,235,430 5,050,954 (5,033,018) 1,253,366
WF-AID 3,880,027 5,578,815 (3,849,964) 5,608,878
Education 369,357 41,820 (65,638) 345,539
Huqooq 207,003 210,761 (213,050) 204,714
5,691,817 10,882,350 (9,161,670) 7,412,497
UNRESTRICTED FUNDS
General Fund 8,796,957 1,577,713 (2,022,081) 8,352,589
Total Unrestricted Fund 14,488,774 12,460,063 (11,183,751) 15,765,086
RESTRICTED FUNDS
-
Hiridjee Foundation Fund (MARC) 441,277 (13,022) 428,255
Capital Projects Fund 64,923 452,837 (413,840) 103,920
Africa Federation Education 1,130 105,742 (106,847) 25
Mogadishu Fund 730,943 - 4,554 735,497
Amanat Trust Fund 694,332 1,153,728 (327,118) 1,520,942
Mamas 480 120 - 600
Zainabiya Child Sponsorship Scheme 67,064 602,201 (543,308) 125,957
-
Yasir Asir Sponsorship Scheme 36,453 8,897 45,350
2,036,602 2,323,525 (1,399,581) 2,960,546
Total Funds 16,525,376 14,783,588 (12,583,332) 18,725,632
�
72 T RUSTEES �� 2024
----- End of picture text -----

Transfers

Transfers have been made at the Trustees’ discretion from designated and unrestricted �� released to unrestricted funds where charity law permits the use of an excess of restricted funds raised from an appeal for an alternative charitable purpose within general or designated funds.

Designated funds

WF-AID: Funds for the humanitarian work undertaken by International Relief and Development through emergency relief, community development schemes, reconstruction and rehabilitation projects to the underprivileged people who lack basic provisions in regions of deprivation, war and natural disasters.

Investment Fund - Funds used for investments, where the income generated can be utilised for operational expenses.

�� the Islamic faith and at the discretion of the Trustees.

Restricted Funds

�� an Information Resource Centre in Canada.

Health - This fund is used for the health projects undertaken by The World Federation including four primary healthcare centres and four eye clinics in South Asia, where the underprivileged are given medical help and educated in hygiene and preventative measures.

Mogadishu Fund - Funds used for investment, where the income generated should be utilised on education and tabligh (Islamic education) projects .

Amanat Trust - Third-party funds held on behalf of donors to be utilised for charitable purposes in accordance to their instructions.

Education - This fund is used for the education activities of The World Federation with an aim of assisting deprived children to receive quality education so that they can support their families and communities.

Mulla Asgher Memorial Academic Scheme (MAMAS) - This scheme is aimed at supporting education of children and youth in Africa.

� T RUSTEES �� �� 20 24

Zainabiya Child Sponsorship Scheme (ZCSS) - This Scheme is aimed at eliminating poverty through education of children and youth. Deserving students are being sponsored for their studies from primary to higher education.

Zainabiya Yatim & Asir Sponsorship Scheme - This is a scheme is aimed at providing education and basic amenities to the growing number of orphan and refugee children ��

17. ANALYSIS OF NET ASSETS

	2024 Restricted Funds	2024 Unrestricted Funds	2024 Total Funds
	£	£	£
��	-	517,536	517,536
Investments	-	5,457,523	5,457,523
Current assets	3,607,317	15,718,296	19,325,613
��	- 3,607,317	(5,957,525) 15,735,830	(5,957,525) 19,343,147

ANALYSIS OF NET ASSETS BETWEEN FUNDS – COMPARATIVE

BETWEEN FUNDS CHARITY

	2023	2023	2023
	Restricted	Unrestricted	Total Funds
	Funds	Funds
	£	£	£
��	-	548,315	548,315
Investments	-	5,400,058	5,400,058
Current assets	2,924,235	15,349,048	18,273,283
��	-	(5,496,024)	(5,496,024)
	2,036,603	14,488,773	16,525,376

� T RUSTEES �� �� 2024

TRUSTEES REPORT 2024

Registered Charity in the UK No. 282303

The World Federation is an NGO in Special Consultative Status with the Economic and Social Council (ECOSOC) of the United NationsT RUSTEES �� �� �20 24