Charity Number: SC040746 Company Number: SC363574
JAIRAH FUNDS
(A company limited by guarantee)
FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 September 2025
JAIRAH FUNDS
INFORMATION FOR THE YEAR ENDED 30 SEPTEMBER 2025
CONTENTS
| CONTENTS | |
|---|---|
| Page | |
| Legal and administrative information | 2-3 |
| Trustees' report | 4-5 |
| Independent examiners' report | 6 |
| Statement of financial activities | 7 |
| Balance sheet | 8-9 |
| Notes to the financial statements | 10-13 |
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JAIRAH FUNDS
INFORMATION FOR THE YEAR ENDED 30 SEPTEMBER 2025
| Charity number | SC040746 |
|---|---|
| Company registration number | SC363574 |
| Registered office | 1491 Dumbarton Road |
| Glasgow | |
| G14 9XL | |
| Trustees: | Ragbhir Ram |
| Raquel Da Silveira Ram | |
| Frank Malcolm Mackinnon | |
| Accountants: | K A Javid & Co |
| Javid House | |
| 115 Bath Street | |
| Glasgow | |
| G2 2SZ | |
| Bankers: | Bank of Scotland |
| 258-262 Dumbarton Road | |
| Glasgow | |
| G11 6TU |
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JAIRAH FUNDS
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2025
The trustees present their report and the financial statements for the year ended 30 September 2025. The trustees, who are also directors of Jairah Funds for the purposes of company law and who served during the year and up to the date of this report are set out on page 1.
Structure, governance and management
Governance
The Charity is governed by its Memorandum and Articles of Association. The Company's date of incorporation is 13 August 2009.
Recruitment and Appointment of Trustees
The board may appoint a person who is willing to act to be a trustee, either to fill a vacancy or as an additional trustee, provided that the appointment does not cause the number of trustees to exceed twelve in accordance with the articles of association.
Induction and Training of Trustees
On appointment new trustees would be made fully conversant with the aims and objectives of the company and fully advised of the main day-to-day running activities of the company. Where applicable they would be expected to become involved in as many aspects of the aims and objectives as was practicable.
Organisational Structure
Jairah Funds is governed by three trustees, one of whom works full-time for the organisation. The charity also employs one full-time member of staff and is supported by one volunteer who works in the office one day per week. Trustee meetings are held online, and the organisation operates a hybrid working model, with staff working both from home and from the office.
Objectives and activities
Aims and Objectives
The Charity's purpose and aim is to assist in and provide relief and support for those in need by reason of age, ill-health, natural disaster, financial hardship or other disadvantage in deprived areas or wherever the need may arise, primarily overseas in developing countries by feeding, educating, rehabilitating, housing and serving those in need of assistance.
Main Activities in Relation to the above Aims
In order to help Jairah Funds to meet its objectives its activities have included the following methods of fund raising:
(a) Applying to trusts for grants
(b) Developing relationships with businesses (especially those with connections in areas where we plan to work) and other organisations such as churches, schools etc.
(c) Encouraging support via regular “debit order” donations.
(d) Encouraging donations on the “gift aid” basis.
(e) Arranging online fundraising campaigns.
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JAIRAH FUNDS
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2025
Financial review
Reserves Policy
The management committee has examined the charity's requirements for reserves in light of the main risks to the organisation. It has established a policy whereby the aspiration of the Charity is to maintain unrestricted funds sufficient to meet three months of expenditure.
Summary of Financial Results
The charity generated a surplus of £31,058 during the year to 30 September 2025 (2024: surplus of £3,972). At this date net reserves of £60,569 were held (2024: £29,510), with £12,910 of these being restricted (2024: £35,362). we do not express an audit opinion and the view given by the accounts. The management committee has recognized that unrestricted funds were overspent. Upon discovering this, immediate corrective measures were implemented to address the overspend and restore the financial position. The committee remains committed to maintaining appropriate reserves in line with the charity’s objectives and risk management strategies.
Statement of trustees' responsibilities
The trustees (who are also directors of Jairah Funds for the purpose of company law) are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice.
Company law 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 charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgments and estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and which enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Small company provisions
This report has been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006.
This report was approved by the Trustees on 18th June 2026 and is signed on their behalf by
…………………………………… Ragbhir Ram, Trustee, Director
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JAIRAH FUNDS
INDEPENDENT EXAMINER'S REPORT ON THE UNAUDITED FINANCIAL STATEMENTS OF JAIRAH FUNDS
I report on the accounts for the year ended 30 September 2025 set out on pages 2 to 16.
Respective responsibilities of trustees and independent examiner
The charity's trustees (who are also the directors of the company for purposes of company law) are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 (the Act) and the Charities Accounts (Scotland) Regulations 2006. The charity's trustees consider that the audit requirement of Regulation 10(1) (a) to (c) of the Accounts Regulations does not apply. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to state, on the basis of my examination as required under section 44(1) (c) of the Act, whether particular matters have come to my attention.
Basis of Independent examiner's statement
My examination is carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeks explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on whether the accounts present a 'true and fair view'.
Independent examiner's statement
In the course of my examination, no matter has come to my attention:
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which gives me reasonable cause to believe that in any material respect the trustees have not met the requirements to ensure that:
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proper accounting records are kept in accordance with Section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations, and
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to prepare accounts which accord with the accounting records and comply with Regulation 8 of the 2006 Accounts Regulations
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to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
……………………………………
Naeem Manzoor
Avid Accountants 21 Blythswood Square Glasgow G2 4BL
Date: 18th June 2026
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JAIRAH FUNDS
(A company limited by guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 SEPTEMBER 2025
| Notes Incoming Resources Incoming resources from generated funds: Voluntary Income 2 - Donations Activities for generating funds 3 - Fundraising - Bank Interest Total incoming resources Resources Expended Charitable activities 4 Governance costs 5 Total resources expanded Net incoming / (outgoing) resources before transfers Transfer between funds Net movement in funds / Net income / (Expenditure) for the year Total funds brough forward Total funds carried forward |
Unrestricted Restricted 2025 2024 funds funds Total Total £ £ £ £ 79,070 28,044 107,114 51,406 1,135 1,135 9,616 436 436 - 79,506 29,179 108,685 61,022 19,386 57,041 76,427 56,150 1,200 1,200 900 20,586 57,041 77,627 57,050 58,920 - 27,862 31,058 3,972 - 5,410 5,410 - - 53,510 - 22,452 31,058 3,972 - 5,851 35,362 29,511 25,538 47,659 12,910 60,569 29,510 |
|---|---|
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JAIRAH FUNDS
(A company limited by guarantee)
BALANCE SHEET AS AT 30 SEPTEMBER 2025
| Balance Sheet as at Notes Current Assets Cash at bank and in hand Creditors: amounts falling due within one year 9 Net assets Funds Restricted income funds 10 Unrestricted income funds Total funds |
2025 £ £ 64,358 64,358 -3,790 60,568 60,569 12,910 47,659 60,569 |
2024 £ £ 33,841 33,841 -4,330 29,511 29,511 35,362 - 5,851 29,511 |
|---|---|---|
The Blance Sheet continues on the following page.
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JAIRAH FUNDS
BALANCE SHEET (CONTINUED)
Trustees statements required by the Companies Act 2006 for the year ended 30 September 2025
In approving these financial statements as trustees of the company we hereby confirm:
(a) that for the year stated above the company was entitled to the exemption conferred by section 477 of the Companies Act 2006 ;
(b) that no notice has been deposited at the registered office of the company pursuant to section 476 of the Companies Act 2006 requesting that an audit be conducted for the year ended 30 September 2025.
(c) that we acknowledge our responsibilities for:
(1) ensuring that the company keeps proper accounting records which comply with section 386 of the Companies Act 2006, and
(2) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit or loss for the year then ended in accordance with the requirements of sections 394 and 395, and which otherwise comply with the provisions of the Companies Act relating to financial statements, so far as applicable to the company.
These financial statements are prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
The financial statements were approved by the trustees on 18th June 2026 and signed on its behalf by
…………………………………… Ragbhir Ram, Trustee, Director
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JAIRAH FUNDS
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
1. Accounting policies
The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and the preceding year.
1.1 Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Statement of Recommended Practice 'Accounting and Reporting by Charities' issued in March 2005 (SORP 2005) and the Companies Act 2006.
1.2 Incoming resources
All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
Voluntary income is received by way of grants, donations and gifts and is included in full in the statement of financial activities when receivable. Grants where entitlement is not conditional on the delivery of a specific performance by the charity are recognised when the charity becomes unconditionally entitled to the grant.
1.3 Resources expended
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of trading for fundraising purposes.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
2. Volunatry income
| Donations - General | Unrestricted funds £ 79,070 79,070 |
Restricted funds £ 28,044 28,044 |
2025 Total £ 107,114 107,114 |
2024 Total £ 51,406 51,406 |
|---|---|---|---|---|
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JAIRAH FUNDS
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
| 3. Activities For Generating Funds Fundraising Bank Interest 4. Cost of Charitable activities-fund type Provision of support to Overseas Charity Initive Detailed Breakdown Donations Made Bank Charges PPS Wages & Salaries Travel Expenses Subscriptions Office Equipment & IT Repairs & Renewals General Expenses Prior Year Adjustments |
Unrestricted funds £ 0 436 436 Unrestricted funds £ 19,386 19,386 12,423 166 477 6,000 1,493 391 176 0 0 (1,740) 19,386 |
Restricted funds £ 1,135 0 1,135 Restricted funds £ 57,041 57,041 54,280 910 0 0 0 0 0 1,851 0 57,041 |
2025 Total £ 1,135 436 1,571 2025 Total £ 76,427 76,427 66,703 1,076 477 6,000 1,493 391 176 1,851 0 (1,740) 76,427 |
2024 Total £ 9,616 0 |
|---|---|---|---|---|
| 9,616 | ||||
| 2024 Total £ 56,150 |
||||
| 56,150 | ||||
| 46,659 695 547 6,000 28 391 212 1,534 84 0 |
||||
| 56,150 |
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JAIRAH FUNDS
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
5. Governance Costs
| 5. Governance Costs Management fees 6. Employee Costs Wages and Salaries |
Unrestricted funds £ 1,200 1,200 |
2025 Total £ 1,200 1,200 2025 Total £ 6,000 |
2024 Total £ 900 900 2024 Total £ 6,000 |
|---|---|---|---|
No employee received emoluments of more than £60,000 (2020: None).
Number of Employees
The average monthly numbers of employees (excluding the trustees) during the year, calculated on the basis of head count, was as follows:
| Office Staff | 2025 Number 1 |
2024 Number 1 |
|---|---|---|
The trustees present their report and the financial statements for the year ended 30 September 2025. The trustees, who are also directors of Jairah Funds for the purposes of company law and who served during the year and up to the date of this report are set out on page 1.
7. Tustee'enrolments
During the year no trustees were paid any remuneration or reimbursed any expenses.
8. Taxation
The charity's activities fall within the exemptions afforded by the provisions of the Income and Corporation Taxes Act 1988. Accordingly, there is no taxation charge in these accounts.
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JAIRAH FUNDS
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
| 9. Creditors: amount falling due within one Year Accruals and deffered Income |
2025 £ 3,790 3,790 |
2024 £ 4,330 4,330 |
|---|---|---|
| 10. Restricted Funds Africa Bolivia Brazil Ecuador Ghana India North India OSW Stock Street |
October Income 2024 resources £ £ 121 3,000 2,778 0 10 2,909 338 0 419 1,428 31,605 9,677 0 4,000 18 6,365 75 1,800 35,364 29,179 |
Outgoing resources £ 3,773 430 3,280 0 1,800 35,128 0 10,780 1,851 57,042 |
Transfers Total £ 652 361 4,397 5,410 |
September 2025 £ 0 2,348 0 338 47 6,154 4,000 0 24 12,911 |
|---|---|---|---|---|
Purposes of restricted funds
Donations and funding received for specific work or purpose I report on the accounts for the year ended 30 September 2025 set out on pages 2 to 16.
11. Compnay Limited by Guarantee
Jairah Funds is a company limited by guarantee and accordingly does not have a share capital.
Every member of the company undertakes to contribute such amount as may be required not exceeding £1 to the assets of the charitable
company in the event of its being wound up while he or she is a member, or within one year after he or she ceases to be a member.
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