**Charity Registration No. 294807**
## **DAWAT-E-HADIYAH TRUST (UNITED KINGDOM)**
**NOMINEES’ REPORT AND FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 DECEMBER 2024**
**DAWAT-E-HADIYAH TRUST (UNITED KINGDOM)**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
**_________________________________________________________________________________**
|**Sole Trustee**|“The Dai al-Mutlaq”, a Corporation Sole enacted on 1st July, 1993 as**Dawat-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 SaifuddinTUS|
||is 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 Jaferussadiq bhaisaheb Imaduddin – appointed 1 May 2025|
||(Name as in passport Jaferusasadiq Imaduddin Syedna Mufaddal Saifuddin)|
||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**|Broadfield Law UK 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 – 26|
|Glossary|27|
**DAWAT-E-HADIYAH TRUST (UNITED KINGDOM)**
## **NOMINEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2024**
**______________________________________________________________________________**
The Nominees present their report and the consolidated financial statements for the year ended 31 December 2024.
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).
## **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 donated properties with an aggregate value of £24,560,000 (2023: £864,859).
All properties are held for the beneficial interest of "The Dai al-Mutlaq", a Corporation Sole who is the sole Trustee of the Trust.
1
## **DAWAT-E-HADIYAH TRUST (UNITED KINGDOM)**
## **NOMINEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 - (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 2024.
Total income amounted to £44,130,443, an increase of £28,503,601 compared to the previous year. This comprises mainly of voluntary donations, investment income and the value of gifted properties.
Total expenditure amounted to £38,033,073 (2023: £12,692,796), with £1,176,260 (2023: £845,464) defrayed in raising funds, £2,131,466 (2023: £2,665,275) on charitable activities, £33,179,917 (2023: £7,926,777) on grant funding and £1,545,430 (2023: £1,255,280) on support and governance costs.
The net movement in funds for the year resulted in a surplus of £6,097,370 (2023: £2,105,928).
The balance sheets set out on page 9 show the financial position of the Group and the Trust as at 31 December 2024.
Total Group assets less liabilities amounted to £160,059,769 (2023: £153,962,399) which is represented by the accumulated balances on the unrestricted funds of £122,886,043 (2023: £116,788,673) and restricted funds of £37,173,726 (2023: £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 £122,886,043 of which £20,698,332 are regarded as free reserves, after allowing for funds invested in tangible fixed assets and investment properties. The Nominees do not expect the level of charitable expenditure in 2025 to be as high as that in 2024, therefore the current level of reserves is considered to be sufficient to meet the expected ongoing operational commitments of the Trust for the foreseeable future.
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:
- Risks relating to the operations and finances of the Trust.
- The performance of its investments. The Trust mitigates this risk by ensuring that its investment properties are maintained to a very high standard and are in prime locations.
## **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 2024 - (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 21 on page 25 of the accounts.
For and on behalf of the Nominees
## **Qaidjoher Ezzuddin - Nominee**
Date: 27 October 2025
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:
- 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 material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
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 2024 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:
- give a true and fair view of the state of the Group’s and Trust’s affairs as at 31 December 2024 and of the Group’s incoming resources and application of resources 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 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:
- the information given in the Nominees’ Report is inconsistent in any material respect with the financial statements; or
- sufficient accounting records have not been kept; or
- the trust’s financial statements are not in agreement with the accounting records and returns; or
- we have not received all the information and explanations we require for our audit
## **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:
- We obtained an understanding of the legal and regulatory frameworks that are applicable to the charity and determined that the most significant are those that relate to the reporting framework being FRS102, Charities SORP (FRS 102), Anti-Money Laundering and Charities Act 2011 rules and regulations.
- We understood how the charity is complying with those frameworks by making enquiries of management and seeking representations from those charged with governance. We corroborated our understanding by reviewing supporting documentation.
- Based on this understanding we designed our audit procedures to identify non-compliance with such laws and regulations. Our procedures involved enquiries of management and those charged with governance, review of legal and professional expenses and review of Nominee meeting minutes.
6
**DAWAT-E-HADIYAH TRUST (UNITED KINGDOM)**
## **INDEPENDENT AUDITORS’ REPORT (CONTINUED) TO THE NOMINEES OF DAWAT-E-HADIYAH TRUST (UNITED KINGDOM)**
- We assessed the susceptibility of the charity’s financial statements to material misstatement, including how fraud might occur by considering the risk of management override of internal control and by designating incoming resources recognition as a fraud risk. We performed journal entry testing by specific risk criteria, with a focus on journals indicating large or unusual transactions based on our understanding of the business. We tested completeness of income through substantive tests performed, analytical review procedures and cut off tests on the incoming resources recognised.
- Where incoming resources were received from overseas, we requested supporting documentation to ensure that sufficient anti-money laundering documentation was in place.
- The charity is a regulated entity under the supervision of the Charities Commission. As such, the Statutory Auditor considered the experience and expertise of the engagement team to ensure that the team had the appropriate competence and capabilities.
## **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** 29 October 2025 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 2024**_
|**Notes**
**Income from:**
Donations
**2**
Investments
**3**
**Total income**
**Expenditure on:**
Raising funds
**4**
Charitable activities
**5**
**Total expenditure**
Net loss on investments
**10**
**Net income and net**
**movement in funds**
Fund balances brought forward
**Fund balances carried forward 19**|**Unrestricted**
**funds**
**£**
42,522,681
1,607,762
44,130,443
1,176,260
36,856,813
38,033,073
-
6,097,370
116,788,673
122,886,043|**Restricted**
**funds**
**£**
-
-
-
-
-
-
-
-
37,173,726
37,173,726|**Total**
**2024**
**£**
42,522,681
1,607,762
44,130,443
1,176,260
36,856,813
38,033,073
-
6,097,370
153,962,399
160,059,769|**Total**
**2023**
**£**
14,553,290
1,073,552|
|---|---|---|---|---|
|||||15,626,842
845,464
11,847,332|
|||||12,692,796
(828,118)|
|||||2,105,928
151,856,471|
|||||153,962,399|
8
## **DAWAT-E-HADIYAH TRUST (UNITED KINGDOM)**
## **BALANCE SHEETS** _**AS AT 31 DECEMBER 2024**_
|**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**
Creditors amounts falling due
after more than one year
**16**
**Net current assets**
**Total assets less liabilities**
**The funds of the Charity:**
Restricted funds
**17**
Unrestricted income funds
**18**
**Total funds**
**19**|**Group**
**2024**
**£**
57,140,771
82,220,666
139,361,437
3,222,052
126,358
1,979,509
35,475,267
18,072
40,821,258
(13,012,926)
(7,110,000)
20,698,332
160,059,769
37,173,726
122,886,043
160,059,769|**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|**Trust**
**2024**
**£**
57,137,794
81,723,367
138,861,161
3,222,052
126,358
1,688,731
35,448,643
18,072
40,503,856
(12,190,861)
(7,110,000)
21,202,995
160,064,156
37,173,726
122,890,430
160,064,156|**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|
and signed on their behalf by:
**Qaidjoher Ezzuddin - Nominee**
9
**DAWAT-E-HADIYAH TRUST (UNITED KINGDOM)**
## **CONSOLIDATED CASH FLOW STATEMENT** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
|**Notes**
**Cash flow from operating activities**
**22**
**Cash flow from investing activities**
Purchase/improvement of tangible fixed
assets
Proceeds on sale of investment properties
Improvement of investment properties
Net rents received
**Net cash used in 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**|**2024**
**£**
**£**
233,229
(626,235)
-
(2,614,698)
431,502
(2,809,431)
(2,576,202)
38,051,469
35,475,267|**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|**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|
|---|---|---|---|
||||1,352,719
36,698,750|
||||38,051,469|
## **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 2024**_
## **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).
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 £82,220,666 for the Group and £79,425,596 for the Trust.
11
## **DAWAT-E-HADIYAH TRUST (UNITED KINGDOM)**
## **NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 DECEMBER 2024 - (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.
- (i) Where possible, donations are accounted for on a receivable basis. However, it is recognised that voluntary donations from individuals cannot be treated in this manner when there is no contractually enforceable right to donations promised. For this reason, donations from individuals are normally accounted for on a receipts basis.
- (ii) Rental income is accounted for on a receivable basis.
- (iii) Donated assets are recognised when control over the expected economic benefits that flow from the donation has passed to the charity and are included in the financial statements at fair value on the date of acquisition, as determined by the Nominees.
## **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 2024 - (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 2024 - (CONTINUED)**_
|**2.**
**Donations**
These comprise:
Silah-Fitrah
Wajebaat including Zakat
Tabarruat
Taqarruban
Ashara Mubaraka 1444*
Sanduq Khairiyah
Gifted properties
*This comprised 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||**2024**
**£**
98,031
16,847,351
55,786
903,260
-
58,253
24,560,000
42,522,681
**2024**
**£**
1,596,961
10,801
1,607,762
**2024**
**£**
602,751
365,452
208,057
1,176,260|**2023**
**£**
56,002
12,232,735
40,698
856,162
459,862
42,972
864,859|
|---|---|---|---|
||||14,553,290|
||||**2023**
**£**
1,063,847
9,705|
||||1,073,552|
||||**2023**
**£**
357,709
294,161
193,594|
||||845,464|
14
**DAWAT-E-HADIYAH TRUST (UNITED KINGDOM)**
## **NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 DECEMBER 2024 - (CONTINUED)**_
## **5. Charitable activities**
|Wazaef
Depreciation and impairment
Niyaz
Talimy
Imdad
Enayat
Tibby
Imdad
Manshurat
Madrasah
Muvasalat
Rahaesh
Tashreef
Faiz-ul Mawaid al Burhaniyah
Mawaed
Muvasat
Taamir
(Profit)/loss on currency translation
Support costs (see note 7)
Governance costs (see note 7)|**Grants**
**(note 6)**
**Other charitable**
**expenditure**
**£**
**£**
-
450,711
-
136,602
-
48,064
-
130,707
32,838,917
-
-
12,628
-
2,287
341,000
-
-
61,850
-
76,858
-
5,958
-
29,126
-
34,282
-
38,243
-
1,181,791
- (77,641)
33,179,917
2,131,466
-
1,071,939
-
473,491
33,179,917
3,676,896|**Total**
**2024**
**£**
450,711
136,602
48,064
130,707
32,838,917
12,628
2,287
341,000
61,850
76,858
5,958
29,126
34,282
38,243
1,181,791
(77,641)|**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|
|---|---|---|---|
|||35,311,383
1,071,939
473,491|10,592,052
1,033,418
221,862|
|||36,856,813|
11,847,332|
All grants and charitable expenditure have been made from unrestricted funds in both years.
## **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|**2024**
**£**
22,310,000
10,864,917
5,000
33,179,917|**2023**
**£**
371,718
7,492,548
62,511|
|---|---|---|
|||7,926,777|
15
**DAWAT-E-HADIYAH TRUST (UNITED KINGDOM)**
## **NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 DECEMBER 2024 - (CONTINUED)**_
|**6.**
**Grants (continued)**
**Grants to UK registered charities and other institutions comprised**
**the following:**
The Saifee Foundation of Europe
Husaini Masjid & Mohammedi Park Management Trust
Al-Jameah Al-Sayfiyah Trust
Anjuman-e-Burhani (London)
Anjuman-e-Zaini (Croydon)
Fayz-e-Husayni International 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)
Other grants
**Grants to overseas charities, and other institutions comprised the**
**following:**
Anjuman-e-Burhani (Sydney)
Anjuman-e-Saifee (Melbourne)
Anjuman-e-Saifee (New Zealand)
Dawat-E-Hadiyah (Mumbai)
Sultan-Al-Bohra Foundation (Dubai)
Anjuman-e-Burhani (Ireland)
Saifee Burhani Upliftment Trust
Stichting Anjuman-e-Ezzi (Netherlands)
Anjuman-e-Burhani (Singapore)|**£**
21,000,000
545,000
341,000
245,000
100,000
79,000
-
-
-
-
-
-
-
22,310,000
**£**
3,966,543
3,691,832
1,927,620
623,277
399,548
256,097
-
-
-
10,864,917|**£**
80,000
-
70,692
204,950
1,200
-
2,651
2,500
2,470
1,805
1,430
1,200
2,820|
|---|---|---|
|||371,718|
|||**£**
1,852
160,007
219,847
-
-
25,743
7,060,988
22,285
1,826|
|||7,492,548|
## **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**
**£**
**£**
679,074
-
109,412
-
83,313
-
191,423
-
1,824
-
6,893
-
-
384,341
-
54,000
-
35,150
1,071,939
473,491|**2024**
**2023**
**£**
**£**
679,074
700,137
109,412
131,908
83,313
88,720
191,423
103,105
1,824
3,235
6,893
6,313
384,341
122,024
54,000
45,000
35,150
54,838
1,545,430
1,255,280|
|---|---|---|
16
**DAWAT-E-HADIYAH TRUST (UNITED KINGDOM)**
**NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 DECEMBER 2024 - (CONTINUED)**_
## **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|**2024**
**Number**
25
19
44
**2024**
**£**
1,078,168
94,988
4,629
1,177,785|**2023**
**Number**
24
19|
|---|---|---|
|||43|
|||**2023**
**£**
996,782
85,313
3,390|
|||1,085,485|
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 £4,629 (2023: £3,390).
## **10. Net loss on investments**
|Unrealised loss on the revaluation of investment properties
Loss on sale of investment property|**2024**
**£**
-
-
-|**2023**
**£**
(607,799)
(220,319)|
|---|---|---|
|||(828,118)|
17
## **DAWAT-E-HADIYAH TRUST (UNITED KINGDOM)**
## **NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 DECEMBER 2024 - (CONTINUED)**_
|**11.**
**Tangible fixed assets**
**Group**
**Cost or valuation**
At 1 January 2024
Additions
Disposals
**At 31 December 2024**
**Depreciation**
At 1 January 2024
Charge for the year
Eliminated in respect of
disposals
**At 31 December 2024**
**Net book value**
**At 31 December 2024**
At 31 December 2023|**Land and**
**buildings**
**£**
31,149,431
626,235
(872,425)
**30,903,241**
3,345,419
136,602
(872,425)
**2,609,596**
**28,293,645**
27,804,012|**Masjids**
**£**
28,732,998
-
-
**28,732,998**
-
-
-
**-**
**28,732,998**
28,732,998|**Fixtures,**
**fittings &**
**equipment**
**£**
2,075,394
-
(1,225,699)
**849,695**
1,845,722
127,252
(1,225,699)
**747,275**
**102,420**
229,672|**Motor**
**vehicles**
**£**
49,702
-
-
**49,702**
28,895
9,099
-
**37,994**
**11,708**
20,807|**Total**
**£**
62,007,525
626,235
(2,098,124)
**60,535,636**
5,220,036
272,953
(2,098,124)
**3,394,865**
**57,140,771**
56,787,489|
|---|---|---|---|---|---|
18
**DAWAT-E-HADIYAH TRUST (UNITED KINGDOM)**
## **NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 DECEMBER 2024 - (CONTINUED)**_
## **11. Tangible fixed assets (continued)**
|**Trust**
**Cost or valuation**
At 1 January 2024
Additions
Disposals
**At 31 December 2024**
**Depreciation**
At 1 January 2024
Charge for the year
Eliminated in respect of
disposals
**At 31 December 2024**
**Net book value**
**At 31 December 2024**
At 31 December 2023|**Land and**
**buildings**
**£**
31,149,431
626,235
(872,425)
**30,903,241**
3,345,419
136,602
(872,425)
**2,609,596**
**28,293,645**
27,804,012|**Masjids**
**£**
28,732,998
-
-
**28,732,998**
-
-
-
**-**
**28,732,998**
28,732,998|**Fixtures,**
**fittings &**
**equipment**
**£**
2,053,214
-
(1,225,699)
**827,515**
1,827,842
125,929
(1,225,699)
**728,072**
**99,443**
225,372|**Motor**
**vehicles**
**£**
49,702
-
-
**49,702**
28,895
9,099
-
**37,994**
**11,708**
20,807|**Total**
**£**
61,985,345
626,235
(2,098,124)|
|---|---|---|---|---|---|
||||||**60,513,456**|
||||||5,202,156
271,630
(2,098,124)|
||||||**3,375,662**|
||||||**57,137,794**|
||||||56,783,189|
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 2024 - (CONTINUED)**_
## **12. Investments**
## **Group**
|Value at 1 January 2024
Additions
**Value at 31 December 2024**|**Investment**
**properties**
**£**
55,045,968
27,174,698
82,220,666|
|---|---|
|**Trust**
Value at 1 January 2024
Additions
**Value at 31 December 2024**|**Investment**
**Properties**
**Investment in**
**subsidiaries**
**£**
**£**
52,250,898
2,297,771
27,174,698
-
79,425,596
2,297,771|**Total**
**£**
54,548,669
27,174,698|
|---|---|---|
|||81,723,367|
The investment properties are stated in the financial statements at the Nominees' estimate of the market value at the balance sheet date.
Investment properties include 17 properties that were donated to the Trust during the year. These were professionally valued on the current market basis by Savills (UK) Limited on 30 September 2024 at £24,560,000, and the Nominees consider this to also be the estimated fair value as at 31 December 2024.
## **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:
|**2024**)
**£**)
Revenue
696,368
Administrative expenses
(689,854)
Profit/(loss) before taxation
6,514
**Retained profit/(loss) for the financial year**
6,514
The aggregate of the assets, liabilities and equity of Rowdell at the year-end was:
Assets
3,914,599
Liabilities
(1,621,219)
**Equity**
2,293,380|**2023**)
**£**)
81,444
(97,153)|
|---|---|
||(15,709)|
||(15,709)|
|||
||3,321,527
(1,034,661)|
||2,286,866|
20
## **DAWAT-E-HADIYAH TRUST (UNITED KINGDOM) NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 DECEMBER 2024 - (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:
|**2024**)
**£**)
Revenue
1,594
Administrative expenses
(1,594)
Profit before taxation
-
**Profit for the financial year**
-
The aggregate of the assets, liabilities and equity of Glebe at the year-end was:
**2024**)
**£**)
Assets
2
Liabilities
-
**Equity**
2|**2023**)
**£**)
1,558
(1,558)|
|---|---|
||-|
||-|
||**2023**)
**£**)
2
-
2|
The aggregate of the assets, liabilities and equity of Glebe at the year-end was:
## **13. Qardan Hasana receivable**
## **Group and Trust**
|**2024**
**Due**
**within**
**one year**
**Due after**
**more than**
**one year**
**Total**
**Due within**
**one year**
**£**
**£**
**£**
**£**
Due from
third parties
1,688,210
2,797
1,691,007
1,074,216
Due from
connected
charities
1,533,842
123,561
1,657,403
2,004,832
3,222,052
126,358
3,348,410
3,079,048
**Other Debtors**
**Group**
**2024**
**2023**
**£**
**£**
Prepayments and accrued income
1,517,452
1,583,542
Other debtors
328,984
447,044
Taxation and social security
133,073
30,517
Amounts due from fellow group
undertakings
-
-
1,979,509
2,061,103|**2023**
**Due after**
**more than**
**one year**
**Total**
**£**
**£**
566,162
1,640,378
111,521
2,116,353
677,683
3,756,731
**Trust**
**2024**
**2023**
**£**
**£**
1,517,452
1,460,690
-
106,423
-
-
171,279
171,279
1,688,731
1,738,392|**Total**
**£**
1,640,378
2,116,353
3,756,731|
|---|---|---|
## **14. Other Debtors**
21
## **DAWAT-E-HADIYAH TRUST (UNITED KINGDOM)**
## **NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 DECEMBER 2024 - (CONTINUED)**_
## **15. Creditors: amounts falling due within one year**
|Accruals and deferred income
Enayat commitments (see**note 20**)
Taxation and social security
Other creditors|**Group**
**2024**
**2023**
**£**
**£**
335,249
207,687
11,162,785
-
21,359
19,662
1,493,533
1,531,084
13,012,926
1,758,433|**Trust**
**2024**
**2023**
**£**
**£**
954,786
194,551
11,162,785
-
21,359
19,662
51,931
680,840
12,190,861
895,053|**Trust**
**2024**
**2023**
**£**
**£**
954,786
194,551
11,162,785
-
21,359
19,662
51,931
680,840
12,190,861
895,053|
|---|---|---|---|
||||895,053|
## **16. Creditors: amounts falling due after one year**
|||**Group**|||**Trust**||
|---|---|---|---|---|---|---|
|||**2024**|**2023**|**2024**||**2023**|
|||**£**|**£**|**£**||**£**|
|Enayat commitments (see**note**|**20**)|7,110,000|-|7,110,000||-|
## **17. 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**
**2024**
**£**
28,732,998
8,440,728
-
37,173,726
**Balance as**
**at 1 January**
**2023**
**£**
28,732,998
8,440,728
-
37,173,726|**Incoming**
**resources**
**£**
-
-
-
-
**Incoming**
**resources**
**£**
-
-
459,862
459,862|**Resources**
**expended**
**£**
-
-
-
-
**Resources**
**expended**
**£**
-
-
-
-|**Transfers**
**between**
**funds**
**Balance as at**
**31 December**
**2024**
**£**
**£**
-
28,732,998
-
8,440,728
-
-
-
37,173,726
**Transfers**
**between**
**funds**
**Balance as at**
**31 December**
**2023**
**£**
**£**
-
28,732,998
-
8,440,728
(459,862)
-
(459,862)
37,173,726|**Transfers**
**between**
**funds**
**Balance as at**
**31 December**
**2024**
**£**
**£**
-
28,732,998
-
8,440,728
-
-
-
37,173,726
**Transfers**
**between**
**funds**
**Balance as at**
**31 December**
**2023**
**£**
**£**
-
28,732,998
-
8,440,728
(459,862)
-
(459,862)
37,173,726|
|---|---|---|---|---|---|
||||||37,173,726|
22
**DAWAT-E-HADIYAH TRUST (UNITED KINGDOM)**
## **NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 DECEMBER 2024 - (CONTINUED)**_
## **17. Restricted funds (continued)**
**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.
## **18. 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.
|**Balance as at 1**
**January 2024**
**Incoming**
**resources**
£
£
General fund
116,799,574
44,090,266
**Balance as at 1**
**January 2023**
**Incoming**
**resources**
£
£
General fund
114,677,937
15,545,398
**Analysis of net assets between funds**
**Group**
Fund balances at 31 December 2024 are represented
Tangible fixed assets
Investments
Current assets
Creditors: amounts falling due within one year
Creditors: amounts falling due after one year|**Resources**
**expended**
**Gains and**
**(losses)**
**Balance as at**
**31 December**
**2024**
£
£
(37,999,410)
-
122,890,430
**Resources**
**expended**
**Gains and**
**(losses)**
**Balance as at**
**31 December**
**2023**
£
£
(12,595,643)
-
116,799,574
**Unrestricted**
**funds**
**Restricted funds**
**Total**
**£**
**£**
**£**
by:
19,967,045
37,173,726
57,140,771
82,220,666
-
82,220,666
40,821,258
-
40,821,258
(13,012,926)
-
(13,012,926)
(7,110,000)
-
(7,110,000)
122,886,043
37,173,726
160,059,769|**Resources**
**expended**
**Gains and**
**(losses)**
**Balance as at**
**31 December**
**2024**
£
£
(37,999,410)
-
122,890,430
**Resources**
**expended**
**Gains and**
**(losses)**
**Balance as at**
**31 December**
**2023**
£
£
(12,595,643)
-
116,799,574
**Unrestricted**
**funds**
**Restricted funds**
**Total**
**£**
**£**
**£**
by:
19,967,045
37,173,726
57,140,771
82,220,666
-
82,220,666
40,821,258
-
40,821,258
(13,012,926)
-
(13,012,926)
(7,110,000)
-
(7,110,000)
122,886,043
37,173,726
160,059,769|
|---|---|---|
||by:||
|||160,059,769|
## **19. Analysis of net assets between funds**
23
**DAWAT-E-HADIYAH TRUST (UNITED KINGDOM)**
## **NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 DECEMBER 2024 - (CONTINUED)**_
|**19.**
**Analysis of net assets between funds (continued)**
**Trust**
Fund balances at 31 December 2024 are represented by:
Tangible fixed assets
Investments
)
Current assets
)
Creditors: amounts falling due within one year
Creditors: amounts falling due after one year
)
**20.**
**Grant Commitments**
**Group and Trust**
Enayat commitments recognised at 1 January 2024
Commitments made in the year
Enayat paid during the year
Enayat commitments recognised at 31 December 2024|**Unrestricted**
**funds**
**£**
19,964,068
81,723,367
40,503,856
(12,190,861)
(7,110,000)
122,890,430||**Restricted**
**funds**
**£**
37,173,726
-
-
-
-
37,173,726
**£**
--
33,179,917-
(14,907,132)
**18,272,785-**|**Total**
**£**
57,137,794
81,723,367
40,503,856
(12,190,861)
(7,110,000)|
|---|---|---|---|---|
|||||160,064,156|
||||||
||||||
24
## **DAWAT-E-HADIYAH TRUST (UNITED KINGDOM)**
## **NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 DECEMBER 2024 - (CONTINUED)**_
## **21. 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:
|||**2024**|||**2023**||
|---|---|---|---|---|---|---|
||**Grants and**|||**Grants and**|||
||**donations**|||**donations**|||
||**payable**|**Debtors**|**Creditors**|**payable**|**Debtors**|**Creditors**|
||**£**|**£**|**£**|**£**|**£**|**£**|
|The Saifee Foundation of Europe|21,000,000|-|2,613|80,000|-|2,833|
|Anjuman-e-Burhani (Sydney)|3,979,536|-|-|9,450|9,915|-|
|Anjuman-e-Saifee (Melbourne)|3,697,385|123,561|-|167,372|267,652|-|
|Anjuman-e-Saifee (New Zealand)|1,931,694|2,236|-|223,010|2,483|-|
|Dawat-E-Hadiyah (Mumbai)|623,277|-|-|-|-|-|
|Husaini Masjid and Mohammedi Park Management Trust|545,000|-|-|-|-|-|
|Sultan-Al-Bohra Foundation (Dubai)|399,548|-|-|-|-|-|
|Al-Jameah Al-Saifiyah Trust|341,000|6,312|-|70,692|4,208|-|
|Anjuman-e-Burhani (London)|285,253|-|-|236,900|103,250|-|
|Anjuman-e-Burhani (Ireland)|257,623|-|-|25,743|-|-|
|Anjuman-e-Zainee (Croydon)|103,620|632,553|-|3,480|652,000|-|
|Fayz-e-Husayni International Trust|79,000|8,416|-|-|-|-|
|Anjuman-e-Badri (Birmingham)|6,861|140,750|-|3,904|152,750|-|
|Anjuman-e-Hamidi (Manchester)|4,881|-|-|2,470|-|-|
|Anjuman-e-Saifee (Leicester)|2,522|756,503|-|-|980,003|-|
|Anjuman-e-Ezzi (Nottingham)|1,410|25,000||1,902|25,000|-|
|Other connected parties|13,580|3,574|-|63,101|6,312|-|
|The Saifee Burhani Upliftment Trust|-|-|-|7,060,988|-|-|
The Trust received unconditional donations and other income of £25,377,193 (2023: £1,555,000) from connected charities and other parties during the year.
A salary (Wazaef) of £20,400 (2023: £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 2024 - (CONTINUED)**_
## **22. Reconciliation of net income to net cash flow from operating activities**
|Surplus for the year
Adjustments for:
Rental income
Rental expenses
Donated fixed assets
Gain on revaluation of investment properties
Depreciation of tangible fixed assets
Movements in working capital:
Decrease in debtors
Increase in creditors
**Net cash provided by operating activities**|**2024**
**£**
6,097,370
(1,607,762)
1,176,260
(24,560,000)
--
272,953
489,915-
18,364,493
233,229|**2023**
**£**
2,105,928
(1,073,552)
845,464
(864,859)
607,799
351,634
137,348
247,312|
|---|---|---|
|||2,357,074|
## **23. Subsequent events**
Subsequent to the year end, the Trust acquired two investment properties for a total consideration of £1,900,000.
## **24. Capital commitments**
At 31 December 2024, the Trust had a capital commitment of €1,078,800 to a supplier in respect of construction works to be undertaken.
Subsequent to the year-end, a third party has assumed full responsibility for the contract from the Trust. Accordingly, the liability has not been recognised in the financial statements.
A contingent liability of €1,078,800 remains however, the likelihood of the Trust being required to settle this amount is considered to be very unlikely.
26
**DAWAT-E-HADIYAH TRUST (UNITED KINGDOM) GLOSSARY**
Minister of religion deputed to various cities, towns and districts
Amil:
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)
Anjuman:
## Ashara Mubaraka
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 Imdad-e-Taklifzadah: 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
## Transportation for Dawat’s personnel
Muvasalat:
Charitable assistance
Muvasat: Niyaz: Religious feasts Qardan Hasana: Interest free loan
Rahaesh: Boarding facility / accommodation
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: Silah-Fitrah:
## Community Chest
## 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:
Blessed gift
Tibby Imdad: Medical aid Wajebaat including Zakat: Obligatory religious offerings Wazaef: Emoluments paid to ministers of religion
27