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2023-12-31-accounts

Charity Registration No. 294807

DAWAT-E-HADIYAH TRUST (UNITED KINGDOM)

NOMINEES’ REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

DAWAT-E-HADIYAH TRUST (UNITED KINGDOM)

LEGAL AND ADMINISTRATIVE INFORMATION

_______________

Sole Trustee “The
Dai
al-Mutlaq”,
a
Corporation		 Sole enacted on
1st July, 1993 asDawat-e-Hadiyah Act 1993 by the Queen’s most
Excellent Majesty, by and with the advice and consent of the Lords
Spiritual and Temporal, and Commons, in the Parliament of the
United Kingdom of Great Britain and Northern Ireland.
Today, the 53rd al-Dai al-Mutlaq, His Holiness Dr. Syedna Mufaddal
SaifuddinTUSis the Corporation Sole and in his capacity as the
Corporation Sole – the Sole Trustee of the Trust.
Nominees Mazoon-e-Dawat il-Haq, Dr. Syedi Qaidjoher bhaisaheb
EzzuddinDM
(Name as in passport Qaid Joher Ezzuddin)
Shahzada Idris bhaisaheb Badruddin
(Name as in passport Idris Badruddin)
Shahzada Qusai bhaisaheb Vajihuddin
(Name as in passport Qusai Vajihuddin)
Shahzada Ammar bhaisaheb Jamaluddin
(Name as in passport Ammar Mohammed Burhanuddin
Jamaluddin)
Shahzada Taha bhaisaheb Najmuddin
(Name as in passport Taha Mufaddal Saifuddin)
Shahzada Dr. Husain bhaisaheb Burhanuddin
(Name as in passport Husain Mufaddal Saifuddin)
Charity number 294807
Principal office 6 Mohammedi Park Complex
Rowdell Road
Northolt
Middlesex
UB5 6AG
Auditor TC Group
5THFloor
3 Dorset Rise
London
EC4Y 8EN
Bankers
Barclays Bank Plc
Leicester
Leicestershire
LE87 2BB
Habib Bank AG Zurich
377 Station Road
Harrow
Middlesex
HA1 2AW

DAWAT-E-HADIYAH TRUST (UNITED KINGDOM)

LEGAL AND ADMINISTRATIVE INFORMATION

_______________

Bankers (continued)
HSBC Bank Plc
25 Notting Hill Gate
London
W11 3JJ
National Australia Bank
799 Pacific Highway
Chatswood NSW 2067
Australia
United Overseas Bank Limited
80 Raffles Place
UOB Plaza 1
Singapore
048624
Solicitors B D B Pitmans LLP
One Bartholomew Close
London
EC1A 7BL
Collyer Bristow LLP
St. Martin’s Court
10 Paternoster Row
London
EC4M 7EJ

DAWAT-E-HADIYAH TRUST (UNITED KINGDOM)

CONTENTS

____________

Page
Nominees’ Report 1 –3
Statement of Nominees’ Responsibilities 4
Independent Auditor’s Report
5 – 7
Consolidated Statement of Financial Activities 8
Balance Sheets 9
Consolidated Cash Flow Statement 10
Notes to the Financial Statements
 11 – 27
Glossary 28

DAWAT-E-HADIYAH TRUST (UNITED KINGDOM)

NOMINEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2023

____________

The Nominees present their report and the consolidated financial statements for the year ended 31 December 2023.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Charity’s trust deed, the Charities Act 2011 and 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 from 1 January 2019).

Aims and objectives

The objects of the Trust are to carry out such charitable purposes for the relief of poverty and the advancement of education or religion or otherwise for the benefit of mankind anywhere in the world as the Dai al-Mutlaq shall from time to time determine. These include the advancement, safeguard and protection of the Islamic religion; the advancement of learning and education in their widest connotations; the relief of poverty and help to the poor and needy; the grant and aid of medical relief and the advancement of such other religious and charitable objects as the Dai al-Mutlaq shall determine.

The Trust aims to further these objects through the support of Anjumans, other charities, Dawoodi Bohra institutions and the community in general.

The Nominees confirm that they have paid due regard to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the objects of the Trust for the year. The main activities undertaken to further the Trust’s purposes for the public benefit include the provision of grants and donations to other charities and for the education and relief of distress suffered by individuals in the community.

Grant making policy

The Trust’s grant making policy is to identify those charities, individuals and community projects in the UK and worldwide that meet the objects of the Trust stated above.

Qardan Hasana

Due to the tenets of the Dawoodi Bohra faith, interest can neither be received nor paid and as a result, the Trust provides interest free loans in order to directly further its charitable purposes to businesses and other charities.

Activities and performance

The Trust carries out a wide range of activities in pursuance of its charitable aims. The Nominees consider that these activities, noted below, provide benefit both to the Dawoodi Bohra community and the wider local community.

In order to achieve its objectives as stated above, the Trust has incurred expenses on various activities for the relief of distress and aid of the community, as detailed in note 5 of the accounts. These include Niyaz, Mawaed, Talimy Imdad, Tibby Imdad and Muvasat (see glossary on page 28). Additionally, the Trust financially supports Faiz-ul Mawaid al Burhaniyah, a movement for catering meals free of cost, once a day, to all members of the Dawoodi Bohra community initiated by the 52[nd] al-Dai al-Mutlaq, His Holiness Dr. Syedna Mohammed Burhanuddin[RA] and continued by his successor the 53[rd] al-Dai al-Mutlaq, His Holiness Dr. Syedna Mufaddal Saifuddin[TUS] .

Property transactions

During the year, the Trust received a gift of property with a value of £864,859 (2022: £1,778,525).

All properties are held for the beneficial interest of "The Dai al-Mutlaq", a Corporation Sole who is the sole Trustee of Dawat-e-Hadiyah Trust (United Kingdom).

1

DAWAT-E-HADIYAH TRUST (UNITED KINGDOM)

NOMINEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 - (CONTINUED)

_______________

Financial review

The consolidated statement of financial activities set out on page 8 of the financial statements shows the Group’s income and expenditure for the year ended 31 December 2023.

Total income amounted to £15,626,842, a decrease of £4,869,839 on the previous year. This comprises mainly of voluntary donations and investment income, but also includes the value of a gifted property.

Total expenditure amounted to £12,692,796 (2022: £18,110,552), with £845,464 (2022: £524,708) defrayed in raising funds, £2,665,275 (2022: £10,536,266) on charitable activities, £7,926,777 (2022: £5,503,254) on grant funding and £1,255,280 (2022: £1,546,324) on support and governance costs. The expenditure in 2022 included Ashara Mubaraka 1444 costs of £10,335,474 whereas, no such costs arose in 2023 and this explains the general decrease in overall total costs when compared to 2022.

After allowing for the net loss on investments of £828,118 (2022: gain of £423,000) the Trust's net movement in funds for the year resulted in a surplus of £2,105,928 (2022: £2,809,129).

The balance sheets set out on page 9 show the financial position of the Group and the Trust at 31 December 2023.

Total Group assets less liabilities amounted to £153,962,399 (2022: £151,856,471) which is represented by the accumulated balances on the unrestricted funds of £116,788,673 (2022: £114,682,745) and restricted funds of £37,173,726 (2022: £37,173,726).

Reserves policy

It is the policy of the Trust to maintain unrestricted funds, which are free reserves of the Trust, at a level sufficient to provide for expenditure in future years without reliance on future voluntary income which cannot be guaranteed. In addition, funds are required to cover management and administration costs in order to continue the running of the Trust and also to provide for future capital projects required for the benefit of the community.

The balance held as unrestricted funds at the year-end was £116,788,673 of which £42,128,942 are regarded as free reserves, after allowing for funds tied up in tangible fixed assets and investment properties. The current level of reserves is therefore considered to be sufficient to meet the current and future commitments of the Trust.

Restricted funds comprise £37,173,726 which are represented by the value of various properties gifted to the Trust whose use has been restricted by the donor and also all the Masjids held by the Trust.

Whilst the Trust has sufficient funds to continue its grant making and other activities for the foreseeable future, the Nominees are continually reviewing the long-term plans for the Trust.

Risk management

Risk assessments are carried out in order to ascertain the likelihood of a risk event occurring, of its potential impact and whether any cost-effective mitigating action may be taken.

The principal risks faced by the Trust are:

Fund raising standards information

The Trust does not actively fundraise and does not hold any agreements with professional fundraisers or commercial participators. The costs of generating funds in the consolidated Statement of Financial Activities comprise solely of property rental costs.

Plans for the future

The policies and purposes of the Trust shall continue under the provisions of the Trust Deed and the Trust aims to continue to provide support to charities and the public at large.

2

DAWAT-E-HADIYAH TRUST (UNITED KINGDOM)

NOMINEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 - (CONTINUED)

_______________

Structure, governance and management

On 1 May 1986, the 52nd al-Dai al-Mutlaq, His Holiness Dr. Syedna Mohammed Burhanuddin[RA] executed the Deed of Confirmation and Trust of Dawat-e-Hadiyah Trust (United Kingdom). The said Deed of Confirmation and Trust was registered with the Charity Commission of England and Wales on 2 July 1986. The 52nd al-Dai alMutlaq, His Holiness Dr. Syedna Mohammed Burhanuddin[RA,] ,was then the Sole Trustee of the said Trust.

On 1 July 1993, an Act was incorporated by the Queen’s most Excellent Majesty, by and with the advice and consent of the Lords Spiritual and Temporal, and Commons in Parliament, by the name of Dawat-e-Hadiyah Act 1993, incorporating the person who for the time being holds the office of the Dai al-Mutlaq as a Corporation Sole by the name of the Dai al-Mutlaq with perpetual succession. The 52[nd] al-Dai al-Mutlaq was thus appointed as a Corporation Sole.

In 1996, the said Corporation Sole by the name of the Dai al-Mutlaq was made the Sole Trustee of the Trust.

On the passing of the 52[nd] al-Dai al-Mutlaq on 17 January 2014, his son and successor Dr. Syedna Mufaddal Saifuddin[TUS] succeeded as the 53[rd] incumbent to the office of the Dai al-Mutlaq. Thus, the 53[rd] al-Dai al-Mutlaq, His Holiness Dr. Syedna Mufaddal Saifuddin[TUS] , is now the Corporation Sole enacted by the Dawat-e-Hadiyah Act 1993 and as such the Sole Trustee of the Trust.

The Nominees act on behalf of the Dai al-Mutlaq and exercise such powers and perform such functions as are assigned to them by the Dai al-Mutlaq for administering the affairs of the Trust. Hence, the nominees are considered the key management personnel of the Trust. As per the provisions of the Trust Deed, the Dai al-Mutlaq may at any time and from time to time at his sole discretion and pleasure appoint, remove and accept the resignation of a Nominee or Nominees. In selecting new Nominees, the Dai al-Mutlaq ensures that they are respected members of the community with the knowledge and skills to act as Nominees. Nominees are expected to identify their training needs and to take measures to ensure that these needs are met.

The Nominees serving during the year and since the year end are detailed on the legal and administrative information page.

Related parties

The relationship between the Trust and other connected charities is disclosed in note 20 on page 25 of the accounts.

For and on behalf of the Nominees

Nominee – Qaidjoher Ezzuddin

Date: 31/10/2024

3

DAWAT-E-HADIYAH TRUST (UNITED KINGDOM)

STATEMENT OF NOMINEES’ RESPONSIBILITIES

The Nominees are responsible for preparing the Nominees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the Nominees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Trust and the Group and of the incoming resources and application of resources of the Trust and the Group for that year.

In preparing these financial statements, the Nominees are required to:

The Nominees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the Trust and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Trust and the Group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

4

DAWAT-E-HADIYAH TRUST (UNITED KINGDOM)

INDEPENDENT AUDITOR’S REPORT

TO THE NOMINEES OF DAWAT-E-HADIYAH TRUST (UNITED KINGDOM)

Opinion

We have audited the financial statements of Dawat-e-Hadiyah Trust (United Kingdom) (the ‘Trust’) and its subsidiaries (the ‘Group’) for the year ended 31 December 2023 which comprise the Consolidated Statement of Financial Activities, the Group and Trust Balance Sheets, the Consolidated Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their 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).

In our opinion, the financial statements:

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 described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the Group and Trust in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Nominees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group or Trust’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

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

Other information

The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The Nominees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work 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 on this regard.

5

DAWAT-E-HADIYAH TRUST (UNITED KINGDOM)

INDEPENDENT AUDITORS’ REPORT (CONTINUED) TO THE NOMINEES OF DAWAT-E-HADIYAH TRUST (UNITED KINGDOM)

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

Responsibilities of Nominees

As explained more fully in the Statement of Nominees' Responsibilities, the Nominees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Nominees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Nominees are responsible for assessing the Group’s and Trust’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 Nominees either intend to liquidate or cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

We have been appointed as auditor under section 151 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial 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 aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: https ://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Extent to which the audit was considered capable of detecting irregularities, including fraud

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect irregularities, including fraud. The risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below. However, the primary responsibility for the prevention and detection of fraud rests with both those charged with governance of the entity and management. Our approach was as follows:

6

DAWAT-E-HADIYAH TRUST (UNITED KINGDOM)

INDEPENDENT AUDITORS’ REPORT (CONTINUED) TO THE NOMINEES OF DAWAT-E-HADIYAH TRUST (UNITED KINGDOM)

Use of our report

This report is made solely to the Trust’s Nominees, as a body, in accordance with part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the Trust's Nominees those matters we are required to state to them in an auditors' 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 Trust and the Trust’s Nominees as a body, for our audit work, for this report, or for the opinions we have formed.

TC Group Statutory Auditor 31/10/2024 Date 5[TH] Floor 3 Dorset Rise London EC4Y 8EN

TC Group is eligible for appointment as auditor of the Trust by virtue of its eligibility as auditor of a company under of section 1212 of the Companies Act 2006.

7

DAWAT-E-HADIYAH TRUST (UNITED KINGDOM)

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023

Notes
Income from:
Donations
2
Investments
3
Total income
Expenditure on:
Raising funds
4
Charitable activities
5
Total expenditure
Net (loss)/gains on investments
10
Net income before
transfers
Gross transfers between funds
Net movement in funds
Fund balances brought forward
Fund balances carried forward 18		 Unrestricted
funds
£
14,093,428
1,073,552
15,166,980
845,464
11,847,332
12,692,796
(828,118)
1,646,066
459,862
2,105,928
114,682,745
116,788,673		 Restricted
funds
£
459,862
-
459,862
-
-
-
-
459,862
(459,862)
-
37,173,726
37,173,726		 Total
2023
£
14,553,290
1,073,552
15,626,842
845,464
11,847,332
12,692,796
(828,118)
2,105,928
-
2,105,928
151,856,471
153,962,399		 Total
2022
(As restated)
£
19,501,368
995,313
20,496,681
524,708
17,585,844
18,110,552
423,000
2,809,129
-
2,809,129
149,616,269
151,856,471

8

DAWAT-E-HADIYAH TRUST (UNITED KINGDOM)

BALANCE SHEETS AS AT 31 DECEMBER 2023

Notes
Fixed assets
Tangible assets
11
Investments
12
Current assets
Qardan Hasana receivable:
Amounts falling due within one
year
13
Amounts falling due after
more than one year
13
Other debtors
14
Cash at bank and in hand
Metal, jewellery and other
assets
Creditors amounts falling due
within one year
15
Net current assets
Total assets less liabilities
The funds of the Charity:
Restricted funds
16
Unrestricted income funds
17
Total funds
18		 Group
2023
£
56,787,489
55,045,968
111,833,457
3,079,048
677,683
2,061,103
38,051,469
18,072
43,887,375
(1,758,433)
42,128,942
153,962,399
37,173,726
116,788,673
153,962,399		 Group
2022
(As restated)
£
55,715,956
54,979,632
110,695,588
3,821,264
856,262
1,277,656
36,698,750
18,072
42,672,004
(1,511,121)
41,160,883
151,856,471
37,173,726
114,682,745
151,856,471		 Trust
2023
£
56,783,189
54,548,669
111,331,858
3,079,048
677,683
1,738,392
38,023,300
18,072
43,536,495
(895,053)
42,641,442
153,973,300
37,173,726
116,799,574
153,973,300		 Trust
2022
(As restated)
£
55,708,837
54,482,333
110,191,170
3,821,264
856,262
1,268,566
35,986,535
18,072
41,950,699
(290,206)
41,660,493
151,851,663
37,173,726
114,677,937
151,851,663

The financial statements were approved on behalf of the Dai al-Mutlaq by the Nominees on 31/10/2024 and signed on their behalf by:

Nominee- Qaidjoher Ezzuddin

9

DAWAT-E-HADIYAH TRUST (UNITED KINGDOM)

CONSOLIDATED CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2023

Notes
Cash flow from operating activities
21
Cash flow from investing activities
Purchase/improvement of tangible fixed
assets
Disposals of investment properties
Improvement of investment properties
Net rents received
Net cash used in by investing activities
Change in cash and cash equivalents
in the year
Cash and cash equivalents brought
forward
Cash and cash equivalents at the end
of year		 2023
£
£
2,357,074
(558,308)
2,810,000
(3,484,135)
228,088
(1,004,355)
1,352,719
36,698,750
38,051,469		 2022
£
£
1,162,483
(1,247,024)
-
(796,066)
470,605
(1,572,485)
(410,002)
37,108,752
36,698,750		 2022
£
£
1,162,483
(1,247,024)
-
(796,066)
470,605
(1,572,485)
(410,002)
37,108,752
36,698,750
(410,002)
37,108,752
36,698,750

Analysis of changes in net debt

The Trust does not have any debt, as such the net debt position is equivalent to the cash at bank and in hand. Changes in the net debt position are equivalent to the movements as shown on the statement of cash flows.

The Group uses the exemption conferred by section 1.12 of FRS102 in not preparing a separate cash flow statement for the Trust as a separate entity.

10

DAWAT-E-HADIYAH TRUST (UNITED KINGDOM)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

1. Accounting policies

Charity information

Dawat-e-Hadiyah Trust (United Kingdom) (‘the Trust’) is an unincorporated charity governed by a trust deed. The Trust is registered in England and Wales with The Charity Commission, and its registered office is at 6 Mohammedi Park Complex, Rowdell Road, Northolt, Middlesex, UB5 6AG

The principal accounting policies adopted, and judgements made in the preparation of these financial statements are as follows.

1.1 Basis of preparation

The financial statements have been prepared in accordance with the Trust’s deed, the Charities Act 2011, and 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 from 1 January 2019).

These financial statements consolidate the results of the Trust and its wholly owned subsidiaries on a line by line basis. Transactions and balances between the Trust and its subsidiaries have been eliminated from the consolidated financial statements.

The Trust meets the definition of a Public Benefit Entity as defined by FRS 102.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in sterling, which is the functional currency of the Group. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note to these accounts.

1.2 Going concern

Given the Group’s financial position at the year end, the Nominees consider that the Group has sufficient resources to continue in operational existence for the foreseeable future and believe that there are no material uncertainties that call into doubt the ability of the Group to continue as a going concern. The Group therefore continues to adopt the going concern basis in preparation of these consolidated financial statements.

1.3 Key judgements and sources of estimation uncertainty

In the application of the Group’s accounting policies, the Nominees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results and values used may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Valuation of investment properties

Investment properties are measured using the fair value model and stated at their estimated fair values on the basis of the open market value as at the reporting end date as determined by the Nominees, but with reference to information obtained from third party experts. The Nominees consider the aggregate valuation at the year-end to be materially accurate at £55,045,968 for the Group and £52,250,898 for the Trust.

11

DAWAT-E-HADIYAH TRUST (UNITED KINGDOM)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 - (CONTINUED)

1. Accounting policies (continued)

1.4 Charitable funds

Unrestricted funds are available for use at the discretion of the Nominees in furtherance of the Trust’s charitable objectives.

Restricted funds comprise the following:

  1. The carrying value of various properties gifted to the Trust whose use has been restricted by the donor; and

  2. The carrying value of the Masjids held by the Trust.

1.5 Income recognition

All income is recognised once the Group has entitlement to the income, it is probable that the income will be received, and the amount of income receivable can be measured reliably.

1.6 Expenditure recognition

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the Group to that expenditure, it is probable that settlement will be required, and the amount of the obligation can be measured reliably.

All expenditure is accounted for on an accruals basis. Grants payable are payments made to third parties in the furtherance of the charitable objects of the Trust. Unconditional grant offers are accrued once the recipient has been notified of the grant award.

Governance costs comprise all costs involving the public accountability of the Group and its compliance with regulations and good practice.

Irrecoverable VAT is charged against the expenditure heading for which it was incurred.

1.7

Tangible fixed assets and depreciation

All assets costing more than £5,000 are capitalised and stated at cost less depreciation. All assets costing less than £5,000 are expensed. Assets are reviewed for impairment if circumstances indicate their carrying value may exceed their net realisable value and value in use.

Where there is a permanent diminution in the value of any asset a charge is made to the Statement of Financial Activities.

Tangible fixed assets other than freehold land and buildings are depreciated to write off the cost or valuation less the estimated residual value by annual instalments over their expected useful lives.

12

DAWAT-E-HADIYAH TRUST (UNITED KINGDOM)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 - (CONTINUED)

1. Accounting policies (continued)

1.7 Tangible fixed assets and depreciation - continued

The following rates are used by the Group:-

Freehold and Long Leasehold properties Not depreciated Masjids Not depreciated Other buildings 10 years straight line Fixtures, fittings and equipment 4 – 8 years straight line Motor vehicles 4 years straight line

No depreciation is provided on the Trust’s freehold and long leasehold properties or Masjids. The Nominees are of the opinion that the residual value of the properties at the end of their useful life is expected to be in excess of the carrying value, given that the properties are maintained to a high standard. As a result, any depreciation to be provided is not material over the life of the asset and therefore has not been accounted for.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is recognised in the statement of financial activities for the year.

1.8 Investment properties

Investment properties which are properties held to earn rentals and/or capital appreciation, are measured using the fair value model and stated at their estimated fair values as at the reporting end date as determined by the Nominees, but with reference to information obtained from third party experts. The surplus or deficit on revaluation is recognised on the Statement of Financial Activities.

1.9 Cash at bank and in hand

Cash at bank and in hand represents cash held for working capital purposes and in interest free bank current accounts.

1.10 Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation are included in the statement of financial activities for the period.

1.11 Qardan Hasana

Qardan Hasana balances (interest free loans) are initially recognised and measured at the amount received or paid with the carrying amount adjusted in subsequent years to reflect repayments and adjusted if necessary for any doubtful debts.

1.12 Financial instruments

The Trust only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

1.13 Corporation tax

The Trust, as a registered charity, is potentially exempt from taxation in respect of its income and gains to the extent that such income or gains are applied exclusively for charitable purposes. The two subsidiaries are however subject to UK corporation tax on their profits, but where possible, donate any taxable profits to the Trust so as to avoid any tax charge arising.

13

DAWAT-E-HADIYAH TRUST (UNITED KINGDOM)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 - (CONTINUED)

2.
Donations
These comprise:
Silah-Fitrah
Wajebaat including Zakat
Tabarruat
Taqarruban
Ashara Mubaraka 1444
Sanduq Khairiyah
Gifted properties
This comprises restricted funds.
3.
Investments
This comprises rental income as follows:
United Kingdom
Overseas
4.
Raising funds
These comprise property rental costs as follows:
Repairs and maintenance
Management fees
Other property related expenses		 2023
2022
(as restated)
£
£
56,002
47,193
12,232,735
14,188,839
40,698
32,063
856,162
851,763
459,862
2,570,703
42,972
32,282
864,859
1,778,525
14,553,290
19,501,368
2023
2022
£
£
1,063,847
986,396
9,705
8,917
1,073,552
995,313
2023
2022
£
£
357,709
197,231
294,161
179,246
193,594
148,231
845,464
524,708		 2023
2022
(as restated)
£
£
56,002
47,193
12,232,735
14,188,839
40,698
32,063
856,162
851,763
459,862
2,570,703
42,972
32,282
864,859
1,778,525
14,553,290
19,501,368
2023
2022
£
£
1,063,847
986,396
9,705
8,917
1,073,552
995,313
2023
2022
£
£
357,709
197,231
294,161
179,246
193,594
148,231
845,464
524,708
19,501,368
2022
£
986,396
8,917
995,313
2022
£
197,231
179,246
148,231
524,708

14

DAWAT-E-HADIYAH TRUST (UNITED KINGDOM)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 - (CONTINUED)

5. Charitable activities

Wazaef
Depreciation and impairment
Niyaz
Talimy Imdad
Enayat
Tibby Imdad
Manshurat
Madrasah
Muvasalat
Ashara Mubaraka 1444
Rahaesh
Tashreef
Faiz-ul Mawaid al Burhaniyah
Mawaed
Muvasat
Taamir
Loss/(profit) on currency translation
Support costs (see note 7)
Governance costs (see note 7)
Analysis by
Restricted
Unrestricted
For the year ended 31 December 2022*
Restricted funds
Unrestricted funds		 Grants
(note 6)
Other charitable
expenditure
£
£
-
347,118
-
191,291
-
24,684
-
105,185
7,825,577
-
-
435
-
7,763
70,692
-
-
174,326
-
-
-
87,021
-
55,216
30,508
-
-
24,055
-
56,259
-
511,192
- 1,080,730
7,926,777
2,665,275
-
1,033,418
-
221,862
7,926,777
3,920,555
-
-
7,926,777
3,920,555
7,926,777
3,920,555
-
10,335,474
5,503,254
1,747,116		 Total
2023
£
347,118
191,291
24,684
105,185
7,825,577
435
7,763
70,692
174,326
-
87,021
55,216
30,508
24,055
56,259
511,192
1,080,730














Total
2022
£
403,108
194,200
77,812
181,210
5,408,655
2,595
-
57,600
94,720
10,335,474
168,817
6,791
36,999
38,382
66,165
99,876
(1,132,884)
16,039,520
1,128,320
418,004
17,585,844
10,335,474
7,250,370
10,592,052
1,033,418
221,862
11,847,332
-
11,847,332
11,847,332 17,585,844
10,335,474
7,250,370

15

DAWAT-E-HADIYAH TRUST (UNITED KINGDOM)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 - (CONTINUED)

6. Grants

The grant funding of activities comprised the following:

To UK registered charities towards their respective objects
To overseas charities and other institutions towards their respective
objects
To individuals
Grants to UK registered charities and other institutions comprised
the following:
Anjuman-e-Burhani (London)
The Saifee Foundation of Europe
Al-Jameah Al-Sayfiyah Trust
Anjuman-e-Badri (Birmingham)
London Borough of Ealing
Anjuman-e-Hamidi (Manchester)
Anjuman-e-Hamidi (Milton Keynes)
Anjuman-e-Ezzi (Nottingham)
Anjuman-e-Jamali (Bradford)
Anjuman-e-Zaini (Croydon)
Other grants
Husaini Masjid & Mohammedi Park Management Trust
Anjuman-e-Saifee (Leicester)
Grants to overseas charities, and other institutions comprised the
following:
Saifee Burhani Upliftment Trust
Anjuman-e-Saifee (New Zealand)
Anjuman-e-Saifee (Melbourne)
Anjuman-e-Burhani (Ireland)
Stichting Anjuman-e-Ezzi (Netherlands)
Anjuman-e-Burhani (Sydney)
Anjuman-e-Burhani (Singapore)
Dawat-e-Hadiyah Trust (Hong Kong)
Other grants less than £1k		 2023
£
371,718
7,492,548
62,511
7,926,777
£
204,950
80,000
70,692
2,651
2,500
2,470
1,805
1,430
1,200
1,200
2,820
-
-
371,718
£
7,060,988
219,847
160,007
25,743
22,285
1,852
1,826
-
-
7,492,548		 2022
£
5,042,498
455,817
4,939
5,503,254
£
4,950
2,100,000
57,600
-
-
2,470
5,598
701,300
-
-
12,730
1,955,000
202,850
5,042,498
£
-
2,539
2,812
1,014
-
3,206
6,427
434,200
5,619
455,817

16

DAWAT-E-HADIYAH TRUST (UNITED KINGDOM)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 - (CONTINUED)

7. Support costs and governance costs

Staff costs
Depreciation
Printing, postage, stationery and telephone
Other overheads (heating, rates and service charges)
Bank charges
Motor expenses
Legal and professional fees
Audit fees
Non-audit fees payable to the auditor		 Support
costs
Governance
costs
£
£
700,137
-
131,908
-
88,720
-

103,105
-
3,235
-
6,313
-
-
122,024
-
45,000
-
54,838
1,033,418
221,862		 2023
2022
£
£
700,137
665,472
131,908
172,512
88,720
115,410
103,105
165,098
3,235
3,186
6,313
6,642
122,024
330,960
45,000
42,000
54,838
45,044
1,255,280
1,546,324

8. Key management personnel

The Dai al-Mutlaq considers the Nominees to be the key management personnel of the Trust who have been appointed to manage, administer and conduct the day-to-day business and affairs of the Trust. None of the Nominees received any remuneration or reimbursement of expenses during the year.

9. Employees

Number of employees

The average monthly number of employees during the year was:

Amils and Moallims
Management and administration
Employment costs
Wazaef, wages and salaries
Social security costs
Pension contributions		 2023
Number
24
19
43
2023
£
996,782
85,313
3,390
1,085,485		 2022
Number
29
17
43
46
2022
£
1,026,821
91,493
2,993
1,121,307

There were no employees whose annual remuneration was £60,000 or more.

Defined contribution schemes

The Trust operates a defined pension scheme for all qualifying employees, where employees have not opted out.

The charge to the statement of financial activities in respect of defined contribution schemes for the year was £3,390 (2022: £2,993).

17

DAWAT-E-HADIYAH TRUST (UNITED KINGDOM)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 - (CONTINUED)

10.
Net (loss)/gains on investments
Unrealised (loss)/gains on the revaluation
Loss on sale of investment property
11.
Tangible fixed assets
Group
Land and
buildings
(As restated)
£
Cost or valuation
At 1 January 2023
29,726,264
Additions
1,423,167
At 31 December 2023
31,149,431
Depreciation
At 1 January 2023
3,154,128
Charge for the year
191,291
At 31 December 2023
3,345,419
Net book value
At 31 December 2023
27,804,012
At 31 December 2022
26,572,136		 of investment properties
Masjids
Fixtures,
fittings &
equipment
£
£
28,732,998
2,075,394
-
-
28,732,998
2,075,394
-
1,694,478
-
151,244
-
1,845,722
28,732,998
229,672
28,732,998
380,916		 of investment properties
Masjids
Fixtures,
fittings &
equipment
£
£
28,732,998
2,075,394
-
-
28,732,998
2,075,394
-
1,694,478
-
151,244
-
1,845,722
28,732,998
229,672
28,732,998
380,916		 2023
£
(607,799)
(220,319)
(828,118)
Motor
vehicles
£
49,702
-
49,702
19,796
9,099
28,895
20,807
29,906		 2022
£
423,000
-
423,000










Total
£
60,584,358
1,423,167
2,075,394 62,007,525
1,694,478
151,244		 4,868,402
351,634
1,845,722 5,220,036
229,672 56,787,489
380,916 55,715,956

18

DAWAT-E-HADIYAH TRUST (UNITED KINGDOM)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 - (CONTINUED)

11. Tangible fixed assets (continued)

Trust
Cost or valuation
At 1 January 2023
Additions
At 31 December 2023
Depreciation
At 1 January 2023
Charge for the year
At 31 December 2023
Net book value
At 31 December 2023
At 31 December 2022		 Land and
buildings
(As restated)
£
29,726,264
1,423,167
31,149,431
3,154,128
191,291
3,345,419
27,804,012
26,572,136		 Masjids
£
28,732,998
-
28,732,998
-
-
-
28,732,998
28,732,998		 Fixtures,
fittings &
equipment
£
2,053,214
-
2,053,214
1,679,417
148,425
1,827,842
225,372
373,797		 Motor
vehicles
£
49,702
-
49,702
19,796
9,099
28,895
20,807
29,906		 Total
£
60,562,178
1,423,167
61,985,345
4,853,341
348,815
5,202,156
56,783,189
55,708,837

Included in the above amounts are properties that are being used for the advantage and benefit of the Dawoodi Bohra Jamaats (congregations) of London, Leicester, Manchester, Birmingham, Bradford, Nottingham, Croydon, Dublin, Sydney, Melbourne and Toronto. For the better administration and management of these Jamaats, several charitable and religious organisations (Anjumans) have been established for each Jamaat. In furtherance of the objects of Dawat-e-Hadiyah Trust (United Kingdom), the Sole Trustee has entrusted certain properties to the said Anjumans for their administration, supervision and management to facilitate religious, social, charitable, educational and cultural activities of the respective Jamaats and, where pertinent, to receive rental income.

As the properties are entrusted to the Anjumans, any rents and other income derived from these properties and outgoings, utilities, rates and taxes in connection with these properties are not reflected in these accounts but are instead shown in the individual accounts of the respective Anjumans.

19

DAWAT-E-HADIYAH TRUST (UNITED KINGDOM)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 - (CONTINUED)

12. Investments

Group
Value at 1 January 2023
Additions
Disposals
Revaluation
Value at 31 December 2023		 Investment
properties
£
54,979,632
3,484,135
(2,810,000)
(607,799)
55,045,968
Trust
Value at 1 January 2023
Additions
Disposals
Revaluation
Value at 31 December 2023		 Investment
Properties
Investment in
subsidiaries
£
£
52,184,562
2,297,771
3,484,135
-
(2,810,000)
-
(607,799)
-
52,250,898
2,297,771		 Total
£
54,482,333
3,484,135
(2,810,000)
(607,799)
54,548,669

The investment properties are stated in the financial statements at the Nominees' estimate of the market value at the balance sheet date.

Subsidiary companies

The Trust owns the entire issued share capital of Rowdell Road Properties Limited (‘Rowdell’), a company registered in England and Wales (07358241). Rowdell is engaged in property investment.

A summary of the results of Rowdell is shown below:

2023)
£)
Revenue
81,444
Administrative expenses
(97,153)
(Loss)/profit before taxation
(15,709)
Distribution to parent Trust
-
Taxation
-
Retained (loss)/profit for the financial year
(15,709)
The aggregate of the assets, liabilities and equity of Rowdell at the year-end was:
Assets
3,321,527
Liabilities
(1,034,661)
Equity
2,286,866		 2022)
£)
8,914,773
(8,839,913)
74,860
(70,365)
-
4,495
3,735,330
(1,432,755)
2,302,575

20

DAWAT-E-HADIYAH TRUST (UNITED KINGDOM) NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 - (CONTINUED)

12. Investments (continued)

The Trust also owns the entire issued share capital of Glebe IP Private Limited (‘Glebe’), a company registered in England and Wales (11647356). Glebe is engaged in the management of intellectual property.

A summary of the results of Glebe is shown below:

Revenue
Administrative expenses
Profit before taxation
Taxation
Profit for the financial year		 2023)
£)
1,558
(1,558)
-
-
-		 2022)
£)
1,530
(1,530)
-
-
-

The aggregate of the assets, liabilities and equity of Glebe at the year-end was:

Assets
Liabilities
Equity		 2023)
£)
2
-
2		 2022)
£)
2
-
2

13. Qardan Hasana receivable

Group and Trust

2023
Due
within
one year
Due after
more than
one year
Total
Due within
one year
£
£
£
£
Due from
third parties
1,074,216
566,162
1,640,378
1,156,654
Due from
connected
charities
2,004,832
111,521
2,116,353
2,664,610
3,079,048
677,683
3,756,731
3,821,264
Other Debtors
Group
2023
2022
£
£
Prepayments and accrued income
1,583,542
880,291
Other debtors
447,044
397,365
Taxation and social security
30,517
-
Amounts due from fellow group
undertakings
-
-
2,061,103
1,277,656		 2022
Due after
more than
one year
Total
£
£
57,500
1,214,154
798,762
3,463,372
856,262
4,677,526
Trust
2023
2022
£
£
1,460,690
877,951
106,423
178,777
-
-
171,279
211,838
1,738,392
1,268,566		 Total
£
1,214,154
3,463,372
4,677,526

14. Other Debtors

21

DAWAT-E-HADIYAH TRUST (UNITED KINGDOM)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 - (CONTINUED)

15. Creditors: amounts falling due within one year

Accruals and deferred income
Taxation and social security
Other creditors		 Group
2023
2022
£
£
207.687
359,305
19,662
329,590
1,531,084
822,226
1,758,433
1,511,121		 Trust
2023
2022
£
£
194,551
185,878
19,662
20,292
680,840
84,036
895,053
290,206		 Trust
2023
2022
£
£
194,551
185,878
19,662
20,292
680,840
84,036
895,053
290,206
290,206

16. Restricted funds

The funds of the Trust include restricted funds comprising the following unexpended balances of donations held on trust for specific purposes.

Masjids
Bonham House
Ashara Mubaraka
Masjids
Bonham House
Ashara Mubaraka		 Balance as
at 1 January
2023
£
28,732,998
8,440,728
-
37,173,726
Balance as
at 1 January
2022
£
28,732,998
8,440,728
-
37,173,726		 Incoming
resources
£
-
-
459,862
459,862
Incoming
resources
£
-
-
2,570,703
2,570,703		 Resources
expended
£
-
-
-
-
Resources
expended
£
-
-
(10,335,474)
(10,335,474)		 Transfers
between
funds
Balance as at
31 December
2023
£
£
-
28,732,998
-
8,440,728
(459,862)
-
-
37,173,726
Transfers
between
funds
Balance as at
31 December
2022
£
£
-
28,732,998
-
8,440,728
7,764,771
-
7,764,771
37,173,726		 Transfers
between
funds
Balance as at
31 December
2023
£
£
-
28,732,998
-
8,440,728
(459,862)
-
-
37,173,726
Transfers
between
funds
Balance as at
31 December
2022
£
£
-
28,732,998
-
8,440,728
7,764,771
-
7,764,771
37,173,726
37,173,726

Masjids – Masjids cannot be sold, gifted or inherited once constructed and therefore they are shown as restricted assets.

Bonham House – Certain flats situated at Bonham House, London have been donated exclusively for the use of His Holiness, the Dai al-Mutlaq, his family and entourage.

Ashara Mubaraka – Donations received, and expenses incurred in relation to the Ashara Mubaraka 1444 event held in July 2022.

22

DAWAT-E-HADIYAH TRUST (UNITED KINGDOM)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 - (CONTINUED)

17. Unrestricted funds

The unrestricted funds of the Trust comprise those funds which nominees are free to use for any purpose in furtherance of the charitable objects.

General fund
General fund		 Balance as at 1
January 2023
£
114,677,937
Balance as at 1
January 2022
£
111,873,303		 Incoming
resources
£
15,545,398
Incoming
resources
(as restated)
£
17,887,580		 Resources
expended
£
(12,595,643)
Resources
expended
£
(7,741,175)		 Transfers
between
funds
£
-
Transfers
between
funds
£
(7,764,771)		 Gains and
(losses)
Balance as at
31 December
2023
£
(771,814)
116,855,878
Gains and
(losses)
Balance as at
31 December
2022
(as restated)
£
423,000
114,677,937

23

DAWAT-E-HADIYAH TRUST (UNITED KINGDOM)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 - (CONTINUED)

18. Analysis of net assets between funds

Group
Fund balances at 31 December 2023 are represented by:
Tangible fixed assets
Investments
Current assets
Creditors: amounts falling due within one year
Trust
Fund balances at 31 December 2023 are represented by:
Tangible fixed assets
Investments
)
Current assets
)
Creditors: amounts falling due within one year
)		 Unrestricted
funds
Restricted funds
£
£
19,613,763
37,173,726
55,045,968
-
43,887,375
-
(1,758,433)
-
116,788,673
37,173,726
Unrestricted
funds
Restricted
funds
£
£
19,609,463
37,173,726
54,548,669
-
43,536,495
-
(895,053)
-
116,799,574
37,173,726		 Total
£
56,787,489
55,045,968
43,887,375
(1,758,433)
153,962,399
Total
£
56,783,189
54,548,669
43,536,495
(895,053)
153,973,300

19. Grants Commitments

Group and Trust

During the year the Trust paid grant commitments of £7,926,777 (2022: £5,578,254). There are no outstanding grant commitments at the year end and in the previous year.

24

DAWAT-E-HADIYAH TRUST (UNITED KINGDOM)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 - (CONTINUED)

20. Related party transactions

By virtue of significant influence, the Trust is related to various connected charities. During the year, the following transactions took place with these related parties:

2023 2022
Grants and Grants and
donations donations
payable Debtors Creditors payable Debtors Creditors
£ £ £ £ £ £
Al-Jameah Al-Saifiyah Trust 70,692 4,208 - 57,600 2,104 -
Anjuman-e-Saifee (New Zealand) 223,010 2,483 - 9,703 229,718 -
Anjuman-e-Badri (Birmingham) 3,904 152,750 - - 164,750 -
Anjuman-e-Burhani (London) 236,900 103,250 - 76,320 120,000 -
Anjuman-e-Hamidi (Manchester) 2,470 - - 4,423 - -
Anjuman-e-Saifee (Melbourne) 167,372 267,652 - 8,140 988,142 -
Anjuman-e-Zainee (Croydon) 3,480 652,000 - 3,990 652,000 -
Anjuman-e-Ezzi (Nottingham) 1,902 25,000 - 704,050 25,000 -
The Saifee Foundation of Europe 80,000 - 2,833 2,100,000 - 3,333
The Saifee Burhani Upliftment Trust 7,060,988 - - - - -
Anjuman-e-Saifee (Leicester) - 980,003 - 202,850 1,306,003 -
Other connected parties 98,294 16,227 - 37,482 14,667 -
Husaini Masjid and Mohammedi Park Management Trust - - - 1,955,000 - -
Dawat-e-Hadiyah Trust (Hong Kong) - - - 434,200 - -

The Trust received unconditional donations and other income of £1,555,000 (2022: £611,901) from connected charities and other parties during the year.

A salary (Wazaef) of £20,400 (2022: £20,400) was paid to a son of one of the Nominees for services provided during the year.

Certain residential properties owned by the Trust are made available for use by the Dai al-Mutlaq, the Nominees and their respective families whilst they are in the UK fulfilling their duties on behalf of the Trust.

25

DAWAT-E-HADIYAH TRUST (UNITED KINGDOM)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 - (CONTINUED)

21. Reconciliation of net income to net cash flow from operating activities

Surplus for the year
Adjustments for:
Rental income
Rental expenses
Donated fixed assets
Loss/(gain) on revaluation of investment properties
Depreciation of tangible fixed assets
Properties donated to related Trust
Movements in working capital:
Decrease/(increase) in debtors
Decrease in creditors
Net cash provided by operating activities		 2023
£
2,105,928
(1,073,552)
845,464
(864,859)
607,799
351,634
-
137,348
247,312
2,357,074		 2022
£
2,809,129
(995,313)
524,708
(1,778,525)
(423,000)
389,870
434,200
(133,697)
335,111
1,162,483

22. Prior year adjustment

In December 2022, the Trust was gifted a property in Australia with a valuation at that date of £568,927 (AUD$1,085,000) which had not been recognised in the financial statements. The comparative figures have therefore been restated to reflect the gift. A reconciliation of this reinstatement and the effect on the reserves is set out below.

s set out below.
As previously
reported at 31 As restated at
December 31 December
2022 Adjustment 2022
£ £ £
Changes to the statement of financial statements
Group
Income
Donations 18,932,441 568,927 19,501,368
Fixed assets
Land and buildings cost carried forward 29,157,337 568,927 29,726,264
Funds
Unrestricted funds carried forward 114,113,818 568,927 114,682,745
Total funds carried forward 151,287,544 568,927 151,856,471
Trust
Fixed assets
Land and buildings cost carried forward 29,157,337 568,927 29,726,264
Funds
Unrestricted funds carried forward 114,109,010 568,927 114,677,937
Total funds carried forward 151,282,736 568,927 151,851,663

26

DAWAT-E-HADIYAH TRUST (UNITED KINGDOM)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 - (CONTINUED)

23. Subsequent event

On 22 July 2024, the roof of one of the investment properties was severely damaged by fire and it is estimated that the repair costs will be approximately £500,000. Due to tenets of the Dawoodi Bohra faith, the property was uninsured and as a result, the Trust will bear the entire repair costs.

27

DAWAT-E-HADIYAH TRUST (UNITED KINGDOM) GLOSSARY

Amil:

Anjuman:

Ashara Mubaraka

Minister of religion deputed to various cities, towns and districts

An administrative unit, established under the guidance and direction of al-Dai al-Mutlaq to organise and manage the affairs of the Dawoodi Bohra Jamaat of a particular area

A period of 10 days at the start of the new year for the commemoration of the Martyrdom of Imam Husain (SA)

Darul Emarat: Amil’s residence Enayat: Grants Faiz-ul Mawaid al Burhaniyah: Free of charge food served to the community prepared and organized by the community kitchen

Imdad-e-Ghurbatzadah:

Relief of poverty Relief in distress

Imdad-e-Taklifzadah: Relief in distress Jamaat: Local congregation Jamaatkhana: Banquet Hall Laagat: Prescribed contribution Madrasah: Religious school Manshurat: Publications Markaz: Community centre Masjid: Mosque Mawaed: Conventional meals served to the officers and staff Moallim: Religious teacher Mohammedi Park Complex: Husaini Masjid, Madrasah, Jamaatkhana, administrative offices and 22 residential houses situated at Mohammedi Park Complex, Rowdell Road, Northolt, Middlesex UB5 6AG

Muvasalat:

Transportation for Dawat’s personnel

Charitable assistance

Muvasat:

Niyaz: Religious feasts

Qardan Hasana:

Interest free loan

Boarding facility / accommodation

Rahaesh:

General public utility

Rifah-e-Aam: General public utility Sadaqat-us-Syr: Alms given secretly Saheb-e-Dawat: Special emissaries of His Holiness sent on a special mission to various cities, towns, districts and countries

Sanduq Khairiyah:

Community Chest

Silah-Fitrah:

Prescribed religious offerings

Taamir: Building, construction, restoration, repair and structural work

Tabarruat: Offertory Talimy Imdad: Educational aid Taqarruban: Conventional contribution offered by the various organisations of Jamaats and individuals

Tashreef:

Tibby Imdad:

Blessed gift

Medical aid

Wajebaat including Zakat: Obligatory religious offerings

Wazaef: Emoluments paid to ministers of religion

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