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|
2
## 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|
3
## 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.
4
## 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:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgments and estimates that are reasonable and prudent;
- state whether applicable UK 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 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
5
## 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:
1. which gives me reasonable cause to believe that in any material respect the trustees have not met the requirements to ensure that:
- 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
- to prepare accounts which accord with the accounting records and comply with Regulation 8 of the 2006 Accounts Regulations
2. 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
6
## 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|
|---|---|
7
## 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.
8
## 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
9
## 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|
|---|---|---|---|---|
10
## 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|
11
## 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.
12
## 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.
13