Charity number: 1010076 THE WESSEX SHIA ITHNA ASHERI JAMAAT UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
THE WESSEX SHIA ITHNA ASHERI JAMAAT CONTENTS Page Reference and admlnistrativo details of the Charity, its Trust68s and advisers Trustees. report Independont examinerfs report Statement of financial activities Balance sheet Notes to the financial statements 8-16
THE WESSEX SHIA ITHNA ASHERI JAMAAT REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2024 Trustees M Jaffer, Trustee (resigned 26 April 2024) M Master, Trustee (resigned 26 April 2024) H Hooda, Trustee {resigned 26 April 2024) S Mulla, Trustee (appointed 26 April 2024) H Nurmohamed, Trustee (appointed 26 April 2024) M Jagani, Trustee (appointed 26 April 2024) M Bhanji, Trustee (appointed 26 April 2024) Z Asharia, Treasurer Charity reglstered number 1010076 Principal office Al Mahdi Fontley Road Titchfield Fareham Hampshire P015 6QR Accountants Clifford Fry & Co LLP st Mary's House Netherhampton Salisbury Wiltshire SP2 8PU Page 1
THE WESSEX SHIA ITHNA ASHERI JAMAAT TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The Trustees present their annual report together with the financial statements of the The Wessex Shia Ithna Asheri Jamaat for the year 1 January 2024 to 31 Dember 2024. Objectives and activities a. Policies and objectives The object for which the Charity has been established is to promote and advance the Islamic Religion in accordance with the principles of the Shia Ithna Asheri faith. The Charity through its Executive Committee shall have the power: 1. To encourage the practice of the Islamic Religion as taught by Shia Ithna Asheri laws., 2. To eradicate povety., 3. To advance education amongst the community,. 4. To relieve those in need by reason of youth, age, ill health and disability, financial hardship or other disadvantage; 5. Promote good health and healthy living., 6. To do all such other things as shall further the above mentioned object. In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit.. running a charity (PB2)'. b. Activities undertaken to achleve objectives The following activities were undertaken for achieving the charity's objectives.. Celebrations and commemoration of the lives of holy personalities throughout the year, with a view to deriving lessons from their lives. Ladies Monthly Spiritual Nights - a gathering of ladies and youth every month. The 29th Annual Muslim Christian Gathering with the Portsmouth Cathedral. Various devotional programmes aimed at strengthening the community spirit, Spiritual Thursdays. Sister Study Circles. Community swimming sessions. Ladies, celebration programmes. Month of Ramadhan - children's sessions, Friday prayers, Ladies Health event, Quran Memorisation competition, social nights with devotion and games, games night & table tennis tournament, dessert auction raising money for the less fortunate, Ladies Beauty Nights and Bring a Friend Day. The charity runs a Saturday school which is attended regularly by 90 children throughout the school term time. 10. Help the Hungry Campaign. 11. Eradication of povety.. various community fund raising events were organised for several relief and humanitarian projects.. Water Wells Appeal, Food & Essentials Drive, and ongoing funds collected for the under privileged. 12. To conduct marriages according to the Islamic faith. 13. Carrying out funeral rites of deceased members of the community according to the Islamic faith. 14. Ladies Senior Social Event. 15. Kumayl Club for children. 16. Health and Wellbeing Day. 17. Course on Islamic Rulings on Khums. Page 2
THE WESSEX SHIA ITHNA ASHERI JAMAAT 18. Water Appeal to builds wells in Kenya. Page 2
THE WESSEX SHIA ITHNA ASHERI JAMAAT TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Objectives and activities (continued) c. Main activities undertaken to further the Charity's purposes for the public benefit The main activities undertaken are listed in b. above Achievements and pèrformance a. Key perfomiance Indlcators The income for the year was £277,829 {2023.' £260.563) The expenses for the year were £243,654 (2023.. £243,525) The amount generated from donations was £13,478 (2023.. £18,877) b. Review of activities The Charity has been successful in fulfilling its aims and objectives. The Charity has organised events, activities, and programmes to fulfil its objectives and ensured that it has used all mediums at its disposal to promote the services provided by the Charity- ¢. Invostment policy and performance The charity does not have any investments, and this is unlikely to change in the foreseeable future. Financial review a. Going concern After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies. structure, governance and management a. Constitution The Wessex Shia Ithna Asheri Jamaat is a registered charity, number 1010076, and is constituted under a Memorandum of Association. Page 3
THE WESSEX SHIA ITHNA ASHERI JAMAAT TRUSTEES. REPORT {CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2024 Objectlves and activlties (continued) b. Methods of appointment or election of Trustees The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Articles of Association. Page 3
THE WESSEX SHIA ITHNA ASHERI JAMAAT TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Structure, governance and management (continued) c. Organisational structure and decision-making policles The charity is governed by its constitution and is constituted as a charitable trust. The Trustees of the Charity are the members of the executive committee. They are for the purposes of the constitution, officers of the charity. The Trustees are responsible for the overall management and control of the charity and meet regularly to manage its affairs. d. Flnancial risk management The Trustees have assessed the major risks to which the Charity is exposed, in particular those related to the operations and finances of the Charity, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks. Statement of Trustees. responsibilities The Trustees are responsible for preparing the Trustees, 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 & Wales requires the Trustees to prepare financial statements for each financial which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, 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 of the Charities SORP (FRS 102)., make judgements and accounting estimates that are reasonable and prudent., state whether applicable UK Accounting Standards IFRS 102) have been followed, subject to any material departures disclosed and explained in the financial ststements; prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity 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 Memorandum of Association. They are also responsible ft)r safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the members of the board of Trustees on 12 August 2025 and signed on their behalf by.. Page 4
THE WESSEX SHIA ITHNA ASHERI JAMAAT TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Structure, governance and management (continued) Z Asharia Treasurer H Numiohamed Trustee Page 4
THE WESSEX SHIA ITHNA ASHERI JAMAAT INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Independent examiner's report to the Trustees of The Wessex Shia Ithna Asheri Jamaat {'the Charity,) I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 December 2024. Responsibilities and basis of rèport As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act,). I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. Independent examinerfs statement Since the Charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of Association of Chartered Certified Accountants, which is one of the listed bodies. Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with 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) in preference to the Accounting and Reporting by Charities.. Ststement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn. l understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act- or the accounts do not accord with those records., or the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities {Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair, view which is not a matter considered as part of an independent examination. Page 5
THE WESSEX SHIA ITHNA ASHERI JAMAAT INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understsnding of the accounts to be reached. Signed: Dated: 12 August 2025 Simon All FCA Clifford Fry & Co LLP Page 5
THE WESSEX SHIA ITHNA ASHERI JAMAAT STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 Restricted Unrestricted funds funds 2024 2024 Total funds 2024 Totsl funds 2023 Note Income from: Voluntary income 185,491 92.338 277,829 260,563 Total income Expenditure on: 185 491 277 829 260 563 Charitable activities 156,438 87,216 243,654 243,525 Total expenditure 156 438 243 525 Net movement in funds Reconciliation of funds: Total funds brought forward 32,619 210,683 243,302 226,264 Net movement in funds 29,053 5,122 34,175 17,038 Total funds carried forward The Statement of financial activities includes all gains and losses recognised in the year. The notes on pages 8 to 16 form part of these financial statements. Page 6
THE WESSEX SHIA ITHNA ASHERI JAMAAT BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 Note Current assets Debtors 32,805 72,822 Cash at bank and in hand 250,703 174,174 283.508 246,996 Curront liabilities Creditors.. amounts falling due within one year 16,031) (3,694) Net current assets 277,477 243,302 Total net assets Charity funds Restricted funds 10 61,672 32,619 Unrestricted funds 10 215.805 210,683 Total funds The financial statements were approved and authorised for issue by the Trustees on 12 August 2025 and signed on their behalf by= Z Asharia Treasurer H Nurmohamed Trustee The notes on pages 8 to 16 form part of these financial statements. Page 7
THE WESSEX SHIA ITHNA ASHERI JAMAAT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 General information The charity was registered on 25 March 1992 and commenced its activities on that date. The Trustees are detailed in the reference and administrative page, Accounting policies 2.1 Basis of preparation of financial statements The financial statements 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) and the Charities Act 2011. The financial statements have been prepared to give a 'true and fair, view and 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 Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities.. Statement of Recommended Practice effective from 1 April 2005 which has Sin been withdrawn. The Wessex Shia Ithna Asheri Jamaat meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. 2.2 Income All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Gifts in kind donated for distribution are included at valuation and recognised as income when they are distributed to the projects. Gifts donated for resale are included as income when they are sold. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. 2.3 Expenditure Expenditure is recognised On there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity- The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned beleen those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs. All expenditure is inclusive of irrecoverable VAT. Page 8
THE WESSEX SHIA ITHNA ASHERI JAPIAAT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies (continued) 2.4 Debtors Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 2.5 Cash at bank and in hand Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. 2.6 Liablllties and provisions Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or serViS it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Vvhere the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost. 2.7 Flnanclal Instruments The Charity 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 with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. 2.8 Fund accounting General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each $trIcted fund is set out in the notes to the financial statements. Page 9
THE WESSEX SHIA ITHNA ASHERI JAMAAT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Income from voluntary income Restricted Unrestricted funds funds 2024 2024 Total funds 2024 Total funds 2023 Donations, gift aid and Madrasah fund share General donations 13,478 13,478 18,877 Gift aid 20,227 20,227 27,775 Madrasah fund share 8,953 8,953 10,965 Similar incoming resources Hire of centre 1,462 1,462 1,925 Subscriptions 11,327 11,327 12,170 Restricted funds income 185,491 185,491 143,280 Unrestricted funds income 36,891 36,891 45,571 Total 2024 Total 2023 Analysis of expenditure by activities Activities undertaken directly 2024 Support costs 2024 Total funds 2024 Total funds 2023 Direct costs Total 2023 Page 10
THE WESSEX SHIA ITHNA ASHERI JAMAAT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Analysls of expenditure by activities {contlnued) Analysis of diréct costs Total funds 2024 Total funds 2023 Activltles 2024 Charitable activities 156,438 1 $6,438 130,998 Muharramlsafar fund raising 15,078 15,078 17,705 Analysis of support costs Total funds 2024 Total funds 2023 Activities 2024 Alarm monitoring and maintenance 1,340 1,340 1,721 Refuse collection 981 981 882 Gardening 1,428 1,428 2,659 Computer costs 1,204 1,204 1,197 Repairs and renewals 1,281 1,281 4,387 Gifts 236 236 100 Subscriptions 639 639 515 Travel and subsistence 1,864 1,864 2,678 Fund deficits write offs 41,557 41,557 51,417 Independent examiner's fees 1,072 1,072 1,655 Rates and water (102) (102 825 Insurance 865 865 1,116 Light and heat 6,593 6.593 8,061 Telephone 1,412 1.412 1,069 Page11
THE WESSEX SHIA ITHNA ASHERI JAMAAT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Analysis of expenditure by activities (continued) Kitchen sundries 1,032 1,032 1,988 Sundry expenses- refreshments and programmes 2,788 2,788 4,410 Cleaning 874 874 1,014 storage 1,074 1,074 3,128 Bookkeeping 6,000 6,000 6,000 Page11
THE WESSEX SHIA ITHNA ASHERI JAMAAT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Independent examinerfs remuneration 2024 2023 Fees payable to the Charity's independent examiner for the independent examination of the Charity's annual accounts Staff costs The average number of persons employed by the Charity during the year was as follows.. 2024 No. 2023 No. Employee No employee received remuneration amounting to more than £60,000 in either year. Trustees, remuneration and expenses During the year, no Trustees received any remuneration or other benefits (2023 - £NIL-). During the year ended 31 December 2024, no Trustee expenses have been incurred (2023 - £NIL). Debtors 2024 2023 Due within one year 8,457 11,232 Page 12
THE WESSEX SHIA ITHNA ASHERI JAMAAT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Trade debtors Other debtors 1,338 Prepayments and accrued income 24,348 60,252 Page 12
THE WESSEX SHIA ITHNA ASHERI JAMAAT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Creditors: Amounts falling due within one year 2024 2023 Trade creditors 2,969 2,038 Other creditors 1,341 Accruals and deferred income 1,721 1,656 Page 13
THE WESSEX SHIA ITHNA ASHERI JAMAAT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 10. Statement of funds Statement of funds - current year Balance at 31 December 2024 Balance at 1 January 2024 Income Expenditure Unrestricted funds General Funds 210 683 92 338 215 805 Restrlcted funds COEJ Restricted Funds 215 55.268 (55,483) Wessex Jamaat Restricted Funds 32,404 130,223 (100,955) 61,672 32,619 185,491 1156,438) 61.672 Total of funds Statement of funds - prior year Balance at 31 December 2023 Balance at 1 January 2023 Transfers inlout Income Expenditure Unrestricted funds General Funds 223 014 117283 112527 210 683 Restricted funds COEJ Restricted Funds (100) 37,886 (37,571) 215 Wessex Jamaat Restricted Funds 3,350 105,394 (93,427) 17,087 32,404 Page 14
THE WESSEX SHIA ITHNA ASHERI JAMAAT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 3,250 143,280 {130,998) 17,087 32,619 Total of funds Page 14
THE WESSEX SHIA ITHNA ASHERI JAMAAT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 11. Summary of funds Summary of funds - current year Balance at 31 December 2024 Balance at 1 January 2024 Income Expenditure General funds 210,683 92,338 187,216) 215,805 Restricted funds 32,619 185,491 (156,438) 61,672 Summary of funds - prior year Balance at 31 December 2023 Balance at 1 January 2023 Transfers inlout Income Expenditure General funds 223,014 117,283 (112,527) (17,087) 210,683 Restricted funds 3,250 143,280 (130,998) 17,087 32,619 12. Analysls of net assets between funds Analysls of net assets between funds - current perlod Restricted Unrestricted funds funds 2024 2024 Total funds 2024 Current assets 61,672 221,836 283,508 Creditors due within one year (6,031) (6,031) Total Page 15
THE WESSEX SHIA ITHNA ASHERI JAMAAT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 12. Analysis of net assets between funds (continued) Analysis of net assets between funds - prior period Restricted Unrestricted funds funds 2023 2023 Total funds 2023 Current assets 32,619 214,377 246,996 Creditors due within one year (3,694) (3,694) Total 13. Controlllng party There is no overall controlling paty. Page 16