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2024-12-31-accounts

REGISTERED CHARITY NUMBER: 506755

IDAARA MAARIF - E - ISLAM

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

IDAARA MAARIF - E - ISLAM

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

Page
Report of the Trustees 1 to 4
Report of the Independent Auditors 5 to 7
Statement of Financial Activities 8
Balance Sheet 9
Notes to the Financial Statements 10 to 18
Detailed Statement of Financial Activities 19 to 20

IDAARA MAARIF - E - ISLAM

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

The trustees present their report with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The main aims and objectives of the Charity are to promote and further the Muslim faith, which includes Islamic teaching of the Holy Quran and Fiqa Jaffaria.

Significant activities

The main activity of the Charity is that of providing a place of worship, where the community can enhance their understanding of the Muslim faith.

We are pleased that the number of attendees at the mosque are increasing year on year, bar the Covid-19 period.

Public benefit

The Trustees have had regard to the Charity Commission's guidance on public benefit.

The public is able to benefit by performing their daily and other religious duties at the premises, the charity also provides a resident clergy who is always at hand to help out with all aspects of religious matters and general advice.

Volunteers

The charity is grateful to all the volunteers who help out throughout the year and especially in the busy periods of month of Ramdhan and Muharram, who assist in cleaning and food distribution.

ACHIEVEMENTS AND PERFORMANCE

Fundraising activities

The main sources of income for the Charity are, donations and legacies and through membership, as well as investment income from the Licence of the Banqueting and community centre.

Performance

We are pleased that despite the dampener that the Charity experienced during the challenging period of Covid-19, the public has now started to return to place of worship and this is evidenced in the donations and level activities that have taken place post Covid-19.

FINANCIAL REVIEW

Financial position

The Charity has suffered a deficit of £56,968 in the year (2023 Deficit £71,798). This has reduced reserves to £2,285,118 at the year end. The Charity has no defined policy for the amount of reserves it should carry but reserves are carried forward in the event of deficits being incurred in the future.

Principal funding sources

The principle funding sources have been highlighted in the above paragraph under fundraising activities.

Going concern

The Trustees have assessed the ability of the Charity to continue as a going concern and determined that there are sufficient cash balances to continue paying overheads for at least 12 months, even if income was to fall substantially.

Page 1

IDAARA MAARIF - E - ISLAM

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

FUTURE PLANS

The board has an initiated a review of the current facilities and services provided to our membership and the general public over the coming year. The programme will commence with a comprehensive evaluation of our current building capacity and the potential options to increase the floor space to accommodate the growing congregation and Sunday school classroom requirements.

Beyond business as usual operations, it is also the intention of the board to reduce manual and paper-based systems and embark on a digitisation drive. The modernisation and upgrade of the technical equipment providing audio and video services is long overdue as well implementing environment friendly initiatives to reduce our carbon footprint by installing energy efficient lighting systems.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.

Recruitment and appointment of new trustees

The Executive Committee is elected every 2 years and Holding Trustees every 5 years. The Board of Trustees is comprised of the Executive Committee and Holding Trustees, in accordance with the governing document.

Key management remuneration

None of the trustees are remunerated for performing their roles in the Charity. Wages are paid to admin staff in line with hours worked and minimum wages legislation.

Related parties

The Charity is not holding assets on behalf of another Charity.

Risk management

The Trustees have a duty to identify and review the risks to which the Charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The trustees do this by reviewing the Charities records on a regular basis to identify any possible misappropriation of assets and by dealing with trusted associates in the countries that it provides support to. There is also a robust system in place to obtain detailed evidence that monies provided for projects have been spent for the required purpose.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number

506755

Principal address

Regents Park Road Small Heath Birmingham West Midlands B10 0QP

Page 2

IDAARA MAARIF - E - ISLAM

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

Trustees

Mr Mohammed Shah Naqvi Secretary Mr Ishtiaq Hussain Executive Member Mr Fiada Hussain Executive Member Mr Nigah Hussain Executive Member Mr Muhammad Amin Tahir Assistant treasurer Mr Dilshad Abbas Vice president (from 21/5/2023) Mr Zulfiqar Ali Executive Member Mr Tauqir Hussain Shah Executive Member Mr Amjad Hussain Shah President Mr Naeem Raza Sabir Treasurer Mr Haider Ali Mr Mahsoom - Abbas Shah Mr Hassan Hussain Shah Mr Hashim Hussain Shah Mr Amir Mukhtar Kazmi Mr Ali Murtaza Shah Mr Abad Ali Mr Abbas Raza Ali Mr Ali Fawad

Auditors Shareef Statutory Auditors 4 Highlands Court Cranmore Avenue Solihull West Midlands B90 4LE

FREEHOLD PROPERTY

The Charity's property is held in trust by a number of Trustees. This is in accordance with the Charity's governing document and those trustees holding the property are referred to in the list of trustees in this report as 'Holding Trustees'. The legal ownership of the property lies with the Holding trustees but the beneficial interest lies with the Charity.

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees are responsible for preparing the Report of the Trustees 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, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to 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 charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Page 3

IDAARA MAARIF - E - ISLAM

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

Approved by order of the board of trustees on 26 September 2025 and signed on its behalf by:

Mr Amjad Hussain Shah - Trustee

Page 4

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF IDAARA MAARIF - E - ISLAM

Opinion

We have audited the financial statements of Idaara Maarif - E - Islam (the 'charity') for the year ended 31 December 2024 which comprise the Statement of Financial Activities, the Balance Sheet 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 (United Kingdom Generally Accepted Accounting Practice).

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 Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charity 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 trustees' 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 charity'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 trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, 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 this gives rise to a material misstatement in the financial statements themselves. 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 in this regard.

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:

Page 5

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF IDAARA MAARIF - E - ISLAM

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees are responsible for the preparation of the financial statements which give a true and fair view, and for such internal control as the trustees 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 trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

We have been appointed as auditors under Section 144 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 a Report of the Independent Auditors 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.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Based on our understanding of the Charity and industry, we identified that the principal risks of non-compliance with laws and regulations related to employment laws and taxes, and we considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006 and FRS 102. We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls), and determined that the principal risks were related to posting inappropriate journal entries to achieve desired financial results and the manipulation of exceptional items and management bias in accounting estimates. Audit procedures performed by the engagement team included, but were not limited to: - enquiries with management, and the Company's legal counsel (internal and, where relevant, external), including consideration of known or suspected instances of fraud and non-compliance with laws and regulations and examining supporting calculations where a provision has been made in respect of these; reading key correspondence with regulatory authorities in relation to compliance with certain employment laws and indirect tax matters; - understanding and evaluating the design and implementation of management's controls designed to prevent and detect irregularities; - challenging assumptions and judgements made by management in their significant accounting estimates, in particular, in relation to restricted funds; - identifying and testing journal entries, in particular any journal entries posted with unusual account combinations and postings by unusual users; There are inherent limitations in the audit procedures described above and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, 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.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Page 6

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF IDAARA MAARIF - E - ISLAM

Use of our report

This report is made solely to the charity's trustees, 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 charity's trustees 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 charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Shareef Statutory Auditors 4 Highlands Court Cranmore Avenue Solihull West Midlands B90 4LE

26 September 2025

Page 7

IDAARA MAARIF - E - ISLAM

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
Other trading activities
2
Investment income
3
Total
EXPENDITURE ON
Raising funds
Charitable activities
Cost of Charitable activities-Direct Expenses
Total
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
fund
£
181,318
115,984
7,050
304,352
21,056
336,762
357,818
(53,466)
2,240,944
2,187,478		 Restricted
funds
£
33,035
-
-
33,035
-
36,536
36,536
(3,501)
101,142
97,641		 2024
Total
funds
£
214,353
115,984
7,050
337,387
21,056
373,298
394,354
(56,967)
2,342,086
2,285,119		 2023
Total
funds
£
197,371
123,835
5,950
327,156
20,787
378,167
398,954
(71,798)
2,413,884
2,342,086

The notes form part of these financial statements

Page 8

IDAARA MAARIF - E - ISLAM

BALANCE SHEET 31 DECEMBER 2024

2024 2023
Unrestricted Restricted Total Total
fund funds funds funds
Notes £ £ £ £
FIXED ASSETS
Tangible assets 9 1,832,287 - 1,832,287 1,875,585
CURRENT ASSETS
Debtors 10 100,202 - 100,202 95,841
Cash at bank and in hand 337,140 97,641 434,781 449,790
437,342 97,641 534,983 545,631
CREDITORS
Amounts falling due within one year 11 (82,151) - (82,151) (79,130)
NET CURRENT ASSETS 355,191 97,641 452,832 466,501
TOTAL ASSETS LESS CURRENT
LIABILITIES 2,187,478 97,641 2,285,119 2,342,086
NET ASSETS 2,187,478 97,641 2,285,119 2,342,086
FUNDS 12
Unrestricted funds 2,187,478 2,240,944
Restricted funds 97,641 101,142
TOTAL FUNDS 2,285,119 2,342,086

The financial statements were approved by the Board of Trustees and authorised for issue on 26 September 2025 and were signed on its behalf by:

Mr Amjad Hussain Shah - Trustee

The notes form part of these financial statements

Page 9

IDAARA MAARIF - E - ISLAM

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain assets.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 15% on reducing balance Motor vehicles - 15% on reducing balance

Freehold property is depreciated at 2% on revalued amount but the associated land has not been depreciated.

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Financial instruments

Classification

Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities.

Recognition and measurement

continued...

Page 10

IDAARA MAARIF - E - ISLAM

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

1. ACCOUNTING POLICIES - continued

Financial instruments

All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the charity, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.

Debt instruments

Debt instruments which meet the following conditions are subsequently measured at amortised cost using the effective interest method:

(a) The contractual return to the holder is (i) a fixed amount; (ii) a positive fixed rate or a positive variable rate; or (iii) a combination of a positive or a negative fixed rate and a positive variable rate.

(b) The contract may provide for repayments of the principal or the return to the holder (but not both) to be linked to a single relevant observable index of general price inflation of the currency in which the debt instrument is denominated, provided such links are not leveraged.

(c) The contract may provide for a determinable variation of the return to the holder during the life of the instrument, provided that (i) the new rate satisfies condition (a) and the variation is not contingent on future events other than (1) a change of a contractual variable rate; (2) to protect the holder against credit deterioration of the issuer; (3) changes in levies applied by a central bank or arising from changes in relevant taxation or law; or (ii) the new rate is a market rate of interest and satisfies condition (a).

(d) There is no contractual provision that could, by its terms, result in the holder losing the principal amount or any interest attributable to the current period or prior periods.

(e) Contractual provisions that permit the issuer to prepay a debt instrument or permit the holder to put it back to the issuer before maturity are not contingent on future events, other than to protect the holder against the credit deterioration of the issuer or a change in control of the issuer, or to protect the holder or issuer against changes in levies applied by a central bank or arising from changes in relevant taxation or law.

(f) Contractual provisions may permit the extension of the term of the debt instrument, provided that the return to the holder and any other contractual provisions applicable during the extended term satisfy the conditions of paragraphs (a) to (c).

Debt instruments that are classified as payable or receivable within one year on initial recognition and which meet the above conditions are measured at the undiscounted amount of the cash or other consideration expected to be paid or received, net of impairment.

continued...

Page 11

IDAARA MAARIF - E - ISLAM

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

1. ACCOUNTING POLICIES - continued

Financial instruments

With the exception of some hedging instruments, other debt instruments not meeting these conditions are measured at fair value through profit or loss.

Commitments to make and receive loans which meet the conditions mentioned above are measured at cost (which may be nil) less impairment.

2. OTHER TRADING ACTIVITIES

3.

4.

2024
£
Hire of Hall
80,500
Gift Aid Income
5,517
Hall Expenses Recharge
21,056
Madrassa Collection
8,911
115,984
INVESTMENT INCOME
2024
£
Rents received
7,050
SUPPORT COSTS
Governance
Management
costs
£
£
Cost of Charitable activities-Direct Expenses
2,291
3,111
Support costs, included in the above, are as follows:		 2023
£
80,505
11,050
20,643
11,637		 2023
£
80,505
11,050
20,643
11,637
123,835
2023
£
5,950
Totals
£
5,402

Governance costs

Governance costs
2024 2023
Cost of
Charitable
activities-Direct Total
Expenses activities
£ £
Auditors' remuneration 1,200 1,200
Bank charges 711 874
Accountancy 1,200 1,200
3,111 3,274

continued...

Page 12

IDAARA MAARIF - E - ISLAM

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

5. AUDITORS' REMUNERATION

Fees payable to the charity's auditors for the audit of the charity's financial
statements
TRUSTEES' REMUNERATION AND BENEFITS
Trustees' salaries
Trustees' fees		 2024
£
1,200
2024
£
10,532
150
10,682		 2023
£
1,200
2023
£
-
-
-

6. TRUSTEES' REMUNERATION AND BENEFITS

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023.

7. STAFF COSTS

Wages and salaries
Other pension costs
The average monthly number of employees during the year was as follows:
Administration
No employees received emoluments in excess of £60,000.
8.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
143,691
Other trading activities
123,835
Investment income
5,950
Total
273,476
EXPENDITURE ON
Raising funds
20,787		 2024
£
55,175
918
56,093
2024
3
Restricted
funds
£
53,680
-
-
53,680
-		 2023
£
43,893
473
44,366
2023
3
Total
funds
£
197,371
123,835
5,950
327,156
20,787

continued...

Page 13

IDAARA MAARIF - E - ISLAM

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

8.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted
Restricted
fund
funds
£
£
Charitable activities
Cost of Charitable activities-Direct Expenses
330,856
47,311
Total
351,643
47,311
NET INCOME/(EXPENDITURE)
(78,167)
6,369
Transfers between funds
(21,045)
21,045
Net movement in funds
(99,212)
27,414
RECONCILIATION OF FUNDS
Total funds brought forward
2,340,156
73,728
TOTAL FUNDS CARRIED FORWARD
2,240,944
101,142
9.
TANGIBLE FIXED ASSETS
Freehold
Long
Plant and
Motor
property
leasehold
machinery
vehicles
£
£
£
£
COST
At 1 January 2024
1,985,994
224,760
158,576
18,595
Additions
-
-
7,745
-
At 31 December 2024
1,985,994
224,760
166,321
18,595
DEPRECIATION
At 1 January 2024
223,720
149,225
125,279
14,116
Charge for year
39,720
4,495
6,156
672
At 31 December 2024
263,440
153,720
131,435
14,788
NET BOOK VALUE
At 31 December 2024
1,722,554
71,040
34,886
3,807
At 31 December 2023
1,762,274
75,535
33,297
4,479		 Total
funds
£
378,167
398,954
(71,798)
-
(71,798)
2,413,884
2,342,086
Totals
£
2,387,925
7,745
2,395,670
512,340
51,043
563,383
1,832,287
1,875,585

Included in cost or valuation of land and buildings is freehold land of £700,000 (2023 - £700,000) which is not depreciated.

The Freehold property was revalued on 7 September 2018 by an independent valuer on the basis of Open Market value.

If the Freehold property had been valued at historical cost the net book value as at 31/12/24 would have been £577,708 and the depreciation charge would have been £13,952.

The unrealised surplus of £1,404,628 on the revaluation is included in unrestricted reserves.

continued...

Page 14

IDAARA MAARIF - E - ISLAM

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

9. TANGIBLE FIXED ASSETS - continued

The legal ownership of the Freehold property currently lies with certain members of the Board of Trustees. They hold the property in trust for the Charity and the beneficial ownership lies with the Charity. See the list of trustees in the Trustees Report for a list of the relevant Trustees - referred to as Holding Trustees.

The trustees are in the process of transferring over the legal ownership of the property to the Charity and this should be completed shortly.

10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Debtors (Qarz Hasana)
Hall Charges
Other Receivable
11.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Taxation and social security
Other creditors
12.
MOVEMENT IN FUNDS
At 1.1.24
£
Unrestricted funds
General fund
2,240,944
Restricted funds
Funeral fees
54,723
Fitrana
3,747
Other Funds
1,430
Quetta/ Pak Shoda
400
Earthquake fund
14,606
DAM fund
4,820
ZAREE IH fund
1,935
Iran fund
420
Peshawar Appeal
41
Afganistan Appeal
460
Pakistan Housing Project
18,560
Humanitarian Relief Funds
-
101,142
TOTAL FUNDS
2,342,086		 2024
£
20,345
61,966
17,891
100,202
2024
£
8,842
73,309
82,151
Net
movement
in funds
£
(53,466)
6,020
3,815
-
-
(13,518)
-
-
-
-
-
-
182
(3,501)
(56,967)		 2023
£
20,345
60,910
14,586
95,841
2023
£
3,392
75,738
79,130
At
31.12.24
£
2,187,478
60,743
7,562
1,430
400
1,088
4,820
1,935
420
41
460
18,560
182		 2023
£
20,345
60,910
14,586
95,841
2023
£
3,392
75,738
79,130
97,641
2,285,119

Page 15

continued...

IDAARA MAARIF - E - ISLAM

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

12. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Funeral fees
Fitrana
Earthquake fund
Humanitarian Relief Funds
TOTAL FUNDS
Comparatives for movement in funds		 Incoming
resources
£
304,352
11,285
3,815
-
17,935
33,035
337,387		 Resources
Movement
expended
in funds
£
£
(357,818)
(53,466)
(5,265)
6,020
-
3,815
(13,518)
(13,518)
(17,753)
182
(36,536)
(3,501)
(394,354)
(56,967)
Unrestricted funds
General fund
Restricted funds
Funeral fees
Fitrana
Other Funds
Quetta/ Pak Shoda
Pakistan Flood &Drought appeal
Earthquake fund
DAM fund
ZAREE IH fund
Iran fund
Peshawar Appeal
Afganistan Appeal
Pakistan Housing Project
TOTAL FUNDS		 At 1.1.23
£
2,340,156
51,418
426
1,430
400
3,658
320
4,820
1,935
420
41
460
8,400
73,728
2,413,884		 Net
movement
in funds
£
(78,167)
3,305
3,321
-
-
(24,703)
14,286
-
-
-
-
-
10,160
6,369
(71,798)		 Transfers
between
funds
£
(21,045)
-
-
-
-
21,045
-
-
-
-
-
-
-
21,045
-		 At
31.12.23
£
2,240,944
54,723
3,747
1,430
400
-
14,606
4,820
1,935
420
41
460
18,560
101,142
2,342,086

Page 16

continued...

IDAARA MAARIF - E - ISLAM

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

12. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Funeral fees
Fitrana
Pakistan Flood &Drought appeal
Earthquake fund
Pakistan Housing Project
TOTAL FUNDS		 Incoming
resources
£
273,476
8,715
3,321
17,198
14,286
10,160
53,680
327,156		 Resources
Movement
expended
in funds
£
£
(351,643)
(78,167)
(5,410)
3,305
-
3,321
(41,901)
(24,703)
-
14,286
-
10,160
(47,311)
6,369
(398,954)
(71,798)

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
Restricted funds
Funeral fees
Fitrana
Other Funds
Quetta/ Pak Shoda
Pakistan Flood &Drought appeal
Earthquake fund
DAM fund
ZAREE IH fund
Iran fund
Peshawar Appeal
Afganistan Appeal
Pakistan Housing Project
Humanitarian Relief Funds
TOTAL FUNDS		 At 1.1.23
£
2,340,156
51,418
426
1,430
400
3,658
320
4,820
1,935
420
41
460
8,400
-
73,728
2,413,884		 Net
movement
in funds
£
(131,633)
9,325
7,136
-
-
(24,703)
768
-
-
-
-
-
10,160
182
2,868
(128,765)		 Transfers
between
funds
£
(21,045)
-
-
-
-
21,045
-
-
-
-
-
-
-
-
21,045
-		 At
31.12.24
£
2,187,478
60,743
7,562
1,430
400
-
1,088
4,820
1,935
420
41
460
18,560
182
97,641
2,285,119

continued...

Page 17

IDAARA MAARIF - E - ISLAM

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

12. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Funeral fees
Fitrana
Pakistan Flood &Drought appeal
Earthquake fund
Pakistan Housing Project
Humanitarian Relief Funds
TOTAL FUNDS		 Incoming
resources
£
577,828
20,000
7,136
17,198
14,286
10,160
17,935
86,715
664,543		 Resources
Movement
expended
in funds
£
£
(709,461)
(131,633)
(10,675)
9,325
-
7,136
(41,901)
(24,703)
(13,518)
768
-
10,160
(17,753)
182
(83,847)
2,868
(793,308)
(128,765)

13. RELATED PARTY DISCLOSURES

A number of Trustees hold legal title to the Charity's property.

They have signed affidavits confirming that the beneficial ownership of the property lies with the Charity.

See Fixed asset note 8 and the Trustees Report for details.

14. PROVISION FOR LIABILITIES

The Charity has not been billed by it's gas supplier for the last 2 years. The Trustees are not able to make an estimate of the amounts that may be due and, therefore, no provision has been included in these accounts.

Page 18

IDAARA MAARIF - E - ISLAM

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024

INCOME AND ENDOWMENTS
Donations and legacies
Donations & Membership
Funeral Contribution
Fitrana
Niaz Fund
Pakistan Flood Appeal
Pakistan Housing Project
Syria & Turkey earthquake
Humanitarian Relief Funds
Other trading activities
Hire of Hall
Gift Aid Income
Hall Expenses Recharge
Madrassa Collection
Investment income
Rents received
Total incoming resources
EXPENDITURE
Other trading activities
Hall expenses
Charitable activities
Trustees' salaries
Trustees' fees
Wages
Pensions
Flat Costs
Insurance
Light and heat
Telephone
Postage and stationery
Niaz Costs
Legal fees
Lecturers
Carried forward		 2024
£
104,756
11,285
3,815
79,690
-
-
-
14,807
214,353
80,500
5,517
21,056
8,911
115,984
7,050
337,387
21,056
10,532
150
44,493
918
4,417
2,213
15,769
2,351
1,159
78,000
-
34,897
194,899		 2023
£
89,192
8,715
3,321
54,499
17,198
10,160
14,286
-
197,371
80,505
11,050
20,643
11,637
123,835
5,950
327,156
20,787
-
-
43,893
473
3,464
2,357
28,885
2,281
732
76,927
2,400
34,504
195,916

This page does not form part of the statutory financial statements

Page 19

IDAARA MAARIF - E - ISLAM

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024

Charitable activities
Brought forward
Repairs & Maintenance
Hire of Tent
Motor & Travelling Expense
Cleaning & Refuse
Madressa costs
Security Costs
Cooking & catering
Burial and Funeral Costs
Sundry
Care Taker
Pakistan Flood Appeal
Pakistan Housing Project
Syria Earthquake
Licence fees
Training costs
Humanitarian Relief Funds
Depreciation of tangible fixed assets
Support costs
Management
Rent and rates
Governance costs
Auditors' remuneration
Bank charges
Accountancy
Total resources expended
Net expenditure		 2024
£
194,899
13,695
7,200
2,839
7,766
5,572
12,657
28,832
5,115
983
4,432
-
-
13,518
-
918
18,427
51,043
367,896
2,291
1,200
711
1,200
3,111
394,354
(56,967)		 2023
£
195,916
15,753
7,130
3,657
6,636
9,825
10,898
14,790
5,410
2,192
6,505
24,551
17,350
-
536
750
-
50,762
372,661
2,232
1,200
874
1,200
3,274
398,954
(71,798)

This page does not form part of the statutory financial statements

Page 20