## **CHARITY REGISTRATION NUMBER: 1096111**
## **THE COUNCIL OF EUROPEAN JAMAATS**
**CONSOLIDATED FINANCIAL STATEMENTS 31st December 2023**
## **BRIAN PAUL LIMITED**
**Chartered Accountants & Statutory Auditors Chase Green House 42 Chase Side Enfield Middlesex**
## **THE COUNCIL OF EUROPEAN JAMAATS**
## **CONSOLIDATED FINANCIAL STATEMENTS**
## **YEAR ENDED 31 December 2023**
|Trustee's' annual report
Independent auditor's report to the members
Consolidated statement of financial activities
Consolidated balance sheet
Balance sheet (Charity)
Consolidated statement of cash flows
Notes to the financial statements|**Page**|
|---|---|
||**1**
**6**
**11**
**12**
**14**
**15**
**16**|
## **THE COUNCIL OF EUROPEAN JAMAATS**
## **TRUSTEES' ANNUAL REPORT YEAR ENDED 31 December 2023**
The trustees present their report and the financial statements of the Charity for the year ended 31 December 2023.
## **Reference and administrative details**
|Registered charity No:|1096111 (England & Wales)||
|---|---|---|
|Principal Office|The Council of European Jamaats||
||Unit 401, 1st floor||
||Metroline House, 118-122 College Road||
||HA1 1BQ||
|**Trustees:**|Mr Salim Rehmatullah|President|
||Mr Murtaza Kanani|Vice President|
||Mrs Azmina Hansraj|Secretary General (Appointed 11/08/2023)|
||Mr Mohammed Ali Muraj|Honorary Treasurer|
||Mr Nawal Jeraj|Assistant Secretary General(Appointed 11/08/2023)|
||Mr Naïme Vally|Assistant Honorary Treasurer|
||Mr Murtaza Bharwani||
||Mr Arif Hiridjee||
||Dr Husein Jiwa||
||Ms Sabira Lakha|Resigned 14/07/2023|
||Mr Farhan Jamal|Resigned 14/07/2023|
||Mr Salim Hamir|Resigned 09/10/2023|
||Dr Rizwan Alidina|Resigned 25/10/2023|
||Mr Imran Najafi|Resigned 23/09/2023|
||Mr Rasool Bhamani||
||Mr Hussein-Ali Rahemtulla||
||Mr Kamran Shah||
||Mr Shakir Rahemtulla||
||Mr Rizwan Rahemtulla|Resigned 23/09/2023|
||Mr Mohammed Mohsin Asaria|Resigned 16/06/2023|
||Mr Sibtain Allibhai||
||Mr Moshin Kassam|Resigned 16/06/2023|
||Mr Soudjad Cassam Chenai||
||Mr Arif Kassam|Resigned 20/06/2023|
||Mr Azad Poptani||
||Mr Mounisse Cheraly|Resigned 07/01/2024|
||Mr Muntazir Haji||
||Mrs Nasima Karim||
||Mr Riaz Kaba||
||Mr Zaheer Allarakhia|Resigned 03/08/2023|
||Mr Shabbir Merali||
||Mrs Fatim Riyaz Bandali||
||Mr Sajad Manji||
||Mr Faysal Pirmohamed|Resigned 16/06/2023|
||Aliasgher Allibhai|Appointed 15/04/2024|
||Mr Abbas Kara|Resigned 16/06/2023|
||Mr Miqdad Master||
||Mr Mehdi Najafi|Appointed 21/09/2023|
||Mr Hussein Elias|Appointed 25/10/2023|
||Mr Aliasgar Khimani|Appointed 16/06/2023|
||Mr Qasim Ali Alidina|Appointed 16/06/2023|
||Mr Shakil Dharas|Appointed 20/06/2023|
||Mr Nahushad Dhanji|Appointed 03/08/2023|
||Mr Camil Hieidjee|Appointed 07/01/2024|
||Mr Abbas Manji|Appointed 23/09/2023|
||Mr Altaf Hussein Ahmed Daya|Appointed 17/05/2023|
||Mr Mehboob Dossa|Appointed 09/10/2023|
||Mr Sultan Kanani|Appointed 18/02/2023|
Auditors: Brian Paul Limited Chartered Accountants & Statutory Auditor Chase Green House 42 Chase Side Enfield Middlesex EN2 6NF
Page 1
## **THE COUNCIL OF EUROPEAN JAMAATS**
## **TRUSTEES’ ANNUAL REPORT** _**(continued)**_ **YEAR ENDED 31 December 2023**
## **Bankers:**
Habib Bank AG Zurich National Westminster bank PLC Habib House Cathedral square 42 Moorgate, London Peterborough EC2R 6JJ PE1 1XH
## **Structure, governance and management**
The Charity is governed by its constitution and is constituted as a charitable trust. The constitution was adopted on 15 December 2002 as amended on 01 December 2013.
The trustees of The Council of European Jamaats are the members of the council of management. 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. Staff and volunteer resources are divided into religious, finance and administration.
## **Objectives and activities**
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:
(a) To encourage the practice of the Islamic Religion as taught by Shia Ithna-Asheri Sharia throughout Europe,
(b) To eradicate poverty,
(c) To advance education amongst the community,
(d) To relieve those in need by reason of youth, age, ill health, and disability, financial hardship or other disadvantages, and
(e) To do all such others things as shall further the above-mentioned object.
The trustees confirm that they have referred to the Charity Commission’s guidance on public benefit when reviewing the Trust’s aims and objectives, in planning future activities, and setting the grant making policy for the year.
The Charity also aims to foster closer relationships amongst the elderly by facilitating various meetings and seminars as well as holding social events in the year.
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## **THE COUNCIL OF EUROPEAN JAMAATS**
## **TRUSTEES’ ANNUAL REPORT** _**(continued)**_ **FOR THE YEAR ENDED 31 December 2023**
## **Achievements and performance**
The trustees are pleased that the achievements and performance of the Trust, as set out below, demonstrate concrete progress during the year.
The Charity has organised several events, activities and programmes to fulfil its objectives using all mediums at its disposal to promote the services provided.
Amongst the activities held during the year were the following:
- Publishing: ➢ Regular publications for members
- ➢ Religious materials for use by members
- ➢ Arranging seminars and events
- Organising:
- ➢ Media training
- ➢ Seminars and events for women and senior citizens
- ➢ Annual conferences for religious scholars and students
- ➢ Fund raising activities for a number of relief and humanitarian projects
- Enhancing relationships with other charities
- Working with government departments and Charity Commission on mutual projects
- Promotion of education, both secular and religious through seminars, courses and camps
- Provide Mediation Services
- Revamp and maximize the utilization of the Charity's website
Developments and improvements across all main areas during 2023 have enabled the Charity to enhance its services to its members.
## **Financial review**
The results of the group’s activities are shown on pages 11 to 27 of the financial statements.
The incoming resources of the Group increased by 68% to £1,464,508 and the Outgoing Group’s Resources increased by
52% to £1,299,455
Unrestricted funds amounted to £1,331,728 (2022 - £1,330,685) at the balance sheet date. These are unrestricted funds which are available for use at the discretion of the trustees to further the general objects of the Charity and which have not been designated for other purposes.
Restricted funds comprise unexpended balances of donations held on trust to be applied for specific purposes.
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## **THE COUNCIL OF EUROPEAN JAMAATS**
## **TRUSTEES’ ANNUAL REPORT** _**(continued)**_ **FOR THE YEAR ENDED 31 December 2023**
With respect to the Charity’s subsidiary, European Hajj Company Limited, the unprecedented and rapid spread of COVID-19 together with local restrictions has put a temporary restriction on the performance of the company's activities. Therefore during this period the company did not carry out the activities from which it generates most of its income.
## **Key management personnel remuneration**
The Office Bearers, comprising the President, Vice President, Secretary General, Honorary Treasurer, Assistant Secretary General and Assistant Honorary Treasurer are considered to be the key management personnel of the Charity, in charge of directing and controlling the Charity and running its day to day operations. All trustees give of their time freely and no trustee remuneration was paid in the year.
Trustees are required to disclose all relevant interests and register them with the Board of Trustees, and, in accordance with the Trust’s policy, withdraw from decisions where a conflict of interest arises.
Details of trustee expenses and related party transactions are disclosed in note 19 to the accounts.
## **Risk management**
The trustees have assessed the major risks to which the charity may be exposed, in particular those relating to meeting payments to suppliers and the use of restricted funds. The trustees are also satisfied that systems are in place to mitigate exposure to these risks and the processes implemented are designed to minimise any impact on the Charity, should any of these risks materialise.
## **Reserves policy**
The trustees aim to maintain reserves in unrestricted funds at a level which equates to approximately three months of unrestricted charitable expenditure approximately £30,000. The trustees consider that a level of three months will provide sufficient funds to cover any unexpected expenditure requirements.
## **Plans for future periods**
With respect to the charity, we hope for 2024 and subsequent to be more positive years compared to previous years where there was an unprecedented impact of COVID-19 putting a temporary restriction on the activities.
## **Auditors**
The auditors, Brian Paul Limited, are eligible for re-appointment.
Page 4
## **THE COUNCIL OF EUROPEAN JAMAATS**
## **TRUSTEES’ ANNUAL REPORT** _**(continued)**_ **YEAR ENDED 31 December 2023**
## **Fundraising policy**
Although the charity is not a member of the Institute of Fundraising it does however abide by the principles of good fundraising practices. The charity doesn’t work with or employ third party fundraisers. A complaints policy is in operation and the trustees are pleased to confirm that no complaint on fundraising or any other matter has come to light.
## **Trustees' responsibilities statement**
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 and Wales requires the Charity trustees to prepare financial statements for each 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, of the Charity 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 applicable Charities SORP;
- make judgments and accounting 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;
- 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 applicable Charities (Accounts and Reports) Regulations, 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.
The trustees' annual report was approved on 5th October 2024 and signed on behalf of the board of trustees by:
## M.Muraj
## Salim Rehmatullah (Sep 24, 2024 14:07 GMT+1)
M.Muraj (Oct 5, 2024 14:42 GMT+1)
__________________ ____________________ Mr S Rehmatullah Mr M Muraj President Honorary Treasurer
Page 5
1
## **THE COUNCIL OF EUROPEAN JAMAATS**
## **INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS OF THE COUNCIL OF EUROPEAN JAMAATS YEAR ENDED 31 December 2023**
## **Opinion**
We have audited the financial statements of The Council of European Jamaats (the “Charity”) for the year ended 31 December 2023 which comprise the consolidated statement of financial activities, consolidated statement of financial positon, charity statement of financial position, consolidated statement of cash flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion, the financial statements:
- give a true and fair view of the state of the Charity’s affairs as at 31 December 2023 and of its incoming resources and application of resources, including its income and expenditure for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice;
- have been prepared in accordance with the requirements of the Charities Act 2011.
## **Basis for opinion**
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the 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**
We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where:
- the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is not appropriate; or
• the trustees have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the Charity’s ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue.
## **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 auditor’s report 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.
Page 6
## **THE COUNCIL OF EUROPEAN JAMAATS**
## **INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS OF THE COUNCIL OF EUROPEAN JAMAATS** (continued) **YEAR ENDED 31 December 2023**
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
## **Opinions on other matters prescribed by the Charities Act 2011**
In our opinion, based on the work undertaken in the course of the audit:
the information given in the trustees' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the trustees' report has been prepared in accordance with applicable requirements.
## **Matters on which we are required to report by exception**
In the light of the knowledge and understanding of the Charity and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees’ Annual Report. We have nothing to report in respect of the following matters in relation to which the Charities Act 2011 requires us to report to you if, in our opinion:
- sufficient accounting records have not been kept; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of trustees' remuneration specified by law are not made; or
- we have not obtained all the information and explanations necessary for the purposes of our audit.
Page 7
## **THE COUNCIL OF EUROPEAN JAMAATS**
## **INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS OF THE COUNCIL OF EUROPEAN JAMAATS** _**(continued)**_ **YEAR ENDED 31 December 2023**
## **Responsibilities of the trustees**
As explained more fully in the trustees’ responsibilities statement set out on page 5, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as they 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.
## **Auditor's responsibilities for the audit of the financial statements**
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
## **The extent to which the audit was considered capable of detecting irregularities including fraud.**
Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and noncompliance with laws and regulations, was as follows:
- the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;
- we identified the laws and regulations applicable to the company through discussions with directors and other management, and from our knowledge and experience of the charity sector;
Page 8
## **THE COUNCIL OF EUROPEAN JAMAATS**
## **INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS OF THE COUNCIL OF EUROPEAN JAMAATS** _**(continued)**_ **YEAR ENDED 31 December 2023**
- we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, Charities Act 2011, UK Taxes Acts, data protection, anti-bribery, employment, environmental and health and safety legislation;
- we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and
- identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of noncompliance throughout the audit.
We assessed the susceptibility of the charity's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:
- making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud;
- considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations; and
To address the risk of fraud through management bias and override of controls, we:
- performed analytical procedures to identify any unusual or unexpected relationships;
- tested journal entries to identify unusual transactions;
- investigated the rationale behind significant or unusual transactions; and
In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:
- agreeing financial statement disclosures to underlying supporting documentation;
- enquiring of management as to actual and potential litigation and claims;
There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the trustees and other management and the inspection of regulatory and legal correspondence, if any.
As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also:
Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control.
Page 9
## **THE COUNCIL OF EUROPEAN JAMAATS**
## **INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS OF THE COUNCIL OF EUROPEAN JAMAATS** _**(continued)**_ **YEAR ENDED 31 December 2023**
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees.
Conclude on the appropriateness of the trustees' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charity's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the charity to cease to continue as a going concern.
Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
## **Use of our report**
This report is made solely to the charity's members, as a body, in accordance with section 144 of the Charities Act 2011 and regulations made under section 154 of that Act. Our audit work has been undertaken so that we might state to the charity's members those matters we are required to state to them in an auditor's 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 members as a body, for our audit work, for this report, or for the opinions we have formed.
## Paul Phillips
Paul Phillips (Oct 5, 2024 18:14 GMT+1)
## **Paul Phillips (Senior Statutory Auditor)**
## **For and on behalf of**
**Brian Paul Limited Chartered Accountants & Statutory Auditors Chase Green House 42 Chase Side Enfield Middlesex EN2 6NF**
## **5th October 2024**
Page 10
## **THE COUNCIL OF EUROPEAN JAMAATS**
## **CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 December 2023**
|||**Unrestricted**|**Restricted**|||
|---|---|---|---|---|---|
||**Notes**|**Funds**|**Funds**|**Total Funds**|**Total Funds**|
|||**2023**|**2023**|**2023**|**2022**|
|||£|£|£|£|
|**Income and endowments**||||||
|Donations and legacies|4|152,184|1,258,962|1,411,146|751,974|
|Other income|5|53,362|-|53,362|117,807|
|**Total income**||**205,546**|**1,258,962**|**1,464,508**|**869,781**|
|**Expenditure**||||||
|Expenditure on charitable activities|6,7|(204,504)|(1,088,249)|(1,292,753)|(855,855)|
|Other expenditure|8|-|(6,702)|(6,702)|2,248|
|**Total expenditure**||**(204,504)**|**(1,094,951)**|**(1,299,455)**|**(853,607)**|
|||||||
|**Net income**||**1,042**|**164,011**|**165,053**|**16,174**|
|**Reconciliation of funds**||||||
|**Total funds brought forward**|21|**1,330,686**|**52,769**|**1,383,455**|**1,367,281**|
|**Total funds carried forward**|21|1,331,728|216,780|1,548,508|1,383,455|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
Page 11
## **THE COUNCIL OF EUROPEAN JAMAATS**
## **CONSOLIDATED BALANCE SHEET AS AT 31 December 2023**
|**Notes**
£
£
**Fixed assets**
Tangible fixed assets
12
-
Investment property
14
270,000
Investment
697,065
967,065
**Current assets**
Debtors
15
380,786
Cash at bank and in hand
16
495,492
876,278
**CREDITORS : amounts falling due within one year**
17
(294,835)
**NET CURRENT ASSETS**
581,443
**Total assets less current liabilities**
**1,548,508**
**Net assets**
1,548,508
**Funds**
Restricted funds
21
216,780
Unrestricted funds
21
1,331,728
**Total charity funds**
1,548,508
**2023**|£
£
-
270,000
645,105
915,105
336,728
527,528
864,256
(395,907)
468,349
**1,383,454**
1,383,454
52,769
1,330,685
1,383,454
**2022**|£
£
-
270,000
645,105
915,105
336,728
527,528
864,256
(395,907)
468,349
**1,383,454**
1,383,454
52,769
1,330,685
1,383,454
**2022**|
|---|---|---|
||||
|||**1,383,454**|
|||1,383,454|
|||52,769
1,330,685|
|||1,383,454|
These financial statements were approved by the board of trustees and authorised for issue on 5th October 2024 and are signed on behalf of the board by:
**………………………………………..** Salim Rehmatullah (Sep 24, 2024 14:07 GMT+1) **Mr Salim Rehmatullah President** M.Muraj
M.Muraj (Oct 5, 2024 14:42 GMT+1)
**……………………………………….. Mr Mohammed Muraj Honorary Treasurer**
Page 12
## **THE COUNCIL OF EUROPEAN JAMAATS**
## **BALANCE SHEET (CHARITY) AS AT 31 December 2023**
|**Notes**
£
£
**Fixed assets**
Tangible assets
12
270,000
Investments
13
697,166
967,166
**Current assets**
Debtors
15
319,924
Cash at bank and in hand
16
495,412
815,336
**CREDITORS : amounts falling due within one year**
17
(234,040)
**NET CURRENT ASSETS**
581,296
**Total assets less liabilities**
**1,548,462**
**Net assets**
1,548,462
**Funds**
Restricted funds
21
216,734
Unrestricted funds
21
1,331,728
**Total charity funds**
1,548,462
**2023**|**Notes**
£
£
**Fixed assets**
Tangible assets
12
270,000
Investments
13
697,166
967,166
**Current assets**
Debtors
15
319,924
Cash at bank and in hand
16
495,412
815,336
**CREDITORS : amounts falling due within one year**
17
(234,040)
**NET CURRENT ASSETS**
581,296
**Total assets less liabilities**
**1,548,462**
**Net assets**
1,548,462
**Funds**
Restricted funds
21
216,734
Unrestricted funds
21
1,331,728
**Total charity funds**
1,548,462
**2023**|**Notes**
£
£
**Fixed assets**
Tangible assets
12
270,000
Investments
13
697,166
967,166
**Current assets**
Debtors
15
319,924
Cash at bank and in hand
16
495,412
815,336
**CREDITORS : amounts falling due within one year**
17
(234,040)
**NET CURRENT ASSETS**
581,296
**Total assets less liabilities**
**1,548,462**
**Net assets**
1,548,462
**Funds**
Restricted funds
21
216,734
Unrestricted funds
21
1,331,728
**Total charity funds**
1,548,462
**2023**|£
£
270,000
645,206
915,206
277,347
439,404
716,751
(255,251)
461,500
**1,376,706**
1,376,706
46,021
1,330,685
1,376,706
**2022**|£
£
270,000
645,206
915,206
277,347
439,404
716,751
(255,251)
461,500
**1,376,706**
1,376,706
46,021
1,330,685
1,376,706
**2022**|
|---|---|---|---|---|
||||
||
|||**1,548,462**||**1,376,706**|
||||||
|||1,548,462||1,376,706|
|||216,734
1,331,728||46,021
1,330,685|
|||1,548,462||1,376,706|
These financial statements were approved by the board of trustees and authorised for issue on 5th October 2024 and are signed on behalf of the board by:
Salim Rehmatullah (Sep 24, 2024 14:07 GMT+1)
**………………………………………..**
**Mr Salim Rehmatullah President** M.Muraj M.Muraj (Oct 5, 2024 14:42 GMT+1) **……………………………………….. Mr Mohammed Muraj Honorary Treasurer**
**………………………………………..**
Page 14
## **THE COUNCIL OF EUROPEAN JAMAATS**
## **CONSOLIDATED STATEMENT OF CASH FLOWS AS AT 31 December 2023**
|**Cash flows from operating activities**
Net income for the year
Adjustments for:
Dividends, interest and rents from investments
Depreciation
(Increase)/decrease in debtors
Increase/(decrease) in creditors
**Net cash from operating activities**
**Cash flows from investing activities**
Dividends, interest and rents received from investments
Investment additions
**Net Cash (used in) investing activities**
**Change is cash and cash equivalents in the year**
Cash and cash equivalents at the beginning of the year
**Cash and cash equivalents at end of year**|**2023**
**2022**
£
£
165,053
16,174
(53,362)
(117,807)
-
-
(44,058)
10,170
(101,071)
37,057|
|---|---|
||**(33,438)**
**(54,406)**|
||53,362
117,807
(51,960)
-|
||**1,402**
**117,807**|
||(32,036)
63,401
527,528
464,127|
||**495,492**
**527,528**|
Page 15
## **THE COUNCIL OF EUROPEAN JAMAATS NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 December 2023**
## **1. General information**
The Charity is a registered charity in England and Wales and is unincorporated. The financial statements are prepared in sterling, which is the functional currency of the entity.
## **2. Statement of compliance**
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Charities Act 2011.
## **3. Accounting policies**
## **Basis of preparation**
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
## **Basis of consolidation**
The financial statements consolidate the results of the Charity and its subsidiary undertaking on a line-by-line basis. The entity consolidated is listed in note 23 of the accounts with further analysis provided. A separate Statement of Financial Activities for the Charity has not been presented as the Charity has taken advantage of exemptions afforded . The surplus of the parent Charity was £171,755 (2022: £13,926). Uniform SORP accounting policies have been applied.
## **Going concern**
The trustees consider that there are no material uncertainties about the Charity’s ability to continue as a going concern.
## **Fund accounting**
Unrestricted funds are available for use at the discretion of the trustees to further any of the Charity's purposes.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
## **Incoming resources**
All incoming resources are included in the statement of financial activities when entitlement has passed to the Charity; it is probable that the economic benefits associated with the transaction will flow to the Charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
• income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is confirmed and its amount can be measured reliably
Page 16
## **THE COUNCIL OF EUROPEAN JAMAATS NOTES TO THE FINANCIAL STATEMENTS** _**(continued)**_ **YEAR ENDED 31 December 2023**
## **3. Accounting policies (continued)**
• income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
## **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 classified under headings of the statement of financial activities to which it relates:
• expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.
• expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
• other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
## **Tangible assets**
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.
## **Depreciation**
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Leasehold property - over the life of the asset Fixtures and fittings - 20% straight line Equipment - 20% straight line
## **Investments**
Unlisted equity investments are initially recorded at cost, and subsequently measured at fair value. If fair value cannot be reliably measured, assets are measured at cost less impairment.
Listed investments are measured at fair value with changes in fair value being recognised in income or expenditure.
Page 17
## **THE COUNCIL OF EUROPEAN JAMAATS NOTES TO THE FINANCIAL STATEMENTS** _**(continued)**_ **YEAR ENDED 31 December 2023**
## **3. Accounting policies (continued)**
Investment properties are measured initially at cost, and subsequently at fair value at the reporting date.
## **Financial instruments**
A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.
For all equity instruments,’ regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
Page 18
## **THE COUNCIL OF EUROPEAN JAMAATS**
**NOTES TO THE FINANCIAL STATEMENTS (** _**continued**_ **) YEAR ENDED 31 December 2023**
- **4 Donations and legacies**
|**_Consolidated_**
**Donations**
Donations
Subscriptions
Marriage seminar
Bab Al & Madinatul; Ilm Camp
MAMT
Capacity building
Seniors Trip
Camp CoEJ
Scholars/ICRA
Womens and Youth retreat
WF Grant
Seniors Trip Africa
Gift Aid income
Bank interest received
Rent Income - Mobile Homes
Rent income - properties
General donations (note 20)
Donation - CoEJ Investment|**Restricted**
**Total funds**
**Total funds**
**funds**
**2023**
**2022**
£
£
£
£
10,301
-
10,301
1,491
13,200
-
13,200
13,600
1,060
-
1,060
1,200
5,392
-
5,392
11,839
19,868
-
19,868
11,796
10,223
-
10,223
5,524
-
-
2,687
7,615
-
7,615
-
-
-
-
3,000
4,000
-
4,000
-
50,000
-
50,000
74,410
26,924
-
26,924
-
3,601
-
3,601
5,926
10,513
-
10,513
-
-
-
-
72,750
19,923
-
19,923
17,645
-
1,258,962
1,258,962
620,501
22,926
-
22,926
27,412
**Unrestricted**
**funds**|
|---|---|
||**205,546**
**1,258,962**
**1,464,508**
**869,781**|
|**_Charity_**
**Donations**
Donations
Subscriptions
Marriage seminar
Bab Al & Madinatul; Ilm Camp
MAMT
Capacity building
Seniors Trip
Camp CoEJ
Scholars/ICRA
Womens and Youth retreat
WF Grant
Seniors Trip Africa
Gift Aid income
Bank interest received
General donations|**Restricted**
**Total funds**
**Total funds**
**funds**
**2023**
**2022**
**£**
**£**
**£**
**£**
10,301
-
10,301
1,491
13,200
-
13,200
13,600
1,060
-
1,060
1,200
5,392
-
5,392
11,839
19,868
-
19,868
11,796
10,223
-
10,223
5,524
-
-
-
2,687
7,615
-
7,615
**-**
-
-
-
3,000
4,000
-
4,000
-
50,000
-
50,000
74,410
26,924
-
26,924
-
3,601
-
3,601
5,926
-
-
-
-
1,258,962
1,258,962
620,501
**Unrestricted**
**funds**|
|---|---|
||**152,184**
**1,258,962**
**1,411,146**
**751,974**|
## **5 Other income - Consolidated**
|Hajj income - European Hajj Company Ltd
Bank interest
Rent income - properties
Donation income from KSIMC JV|£
£
£
-
-
-
10,513
-
10,513
19,923
-
19,923
22,926
-
22,926
**Unrestricted**
**funds**
**Restricted**
**funds**
**Total funds 2023**|
|---|---|
||**53,362**
**-**
**53,362**|
## _**Previous year - consolidated and charity**_
|||
|---|---|
|**_Previous year - consolidated and charity_**
Hajj income - European Hajj Company Ltd
Part settlement income - mobile homes
Rent income - properties
Donation income from KSIMC JV|£
£
£
72,750
72,750
17,645
17,645
27,412
27,412
**Unrestricted**
**funds**
**Restricted**
**funds**
**Total funds 2022**|
||**117,807**
**-**
**117,807**|
## **Other income - Charity**
|**Other income - Charity**||
|---|---|
|Bank interest
Rent income - properties
Donation income from KSIMC JV|£
£
£
10,513
-
10,513
19,923
-
19,923
22,926
-
22,926
**Unrestricted**
**funds**
**Restricted**
**funds**
**Total funds 2023**|
||**53,362**
**-**
**53,362**|
Page 19
## **THE COUNCIL OF EUROPEAN JAMAATS NOTES TO THE FINANCIAL STATEMENTS (** _**continued**_ **) YEAR ENDED 31 December 2023**
## **6. Expenditure on charitable activities - Consolidated**
|Bab Al Madinatul Ilm Camp
MAMT
Donations
Womens activities
Marriage seminar
Capacity building
Board secretary
Mediation
Womens and Youth retreat
Scholars/ICRA
Seniors trip Africa
Board Conference
Census
Camp CoEJ
Business directory
Seniors Gathering
Leadership summit
Other donations
Support costs (Note 7)
Other charitable activities (Note 20)|£
£
£
£
11,628
-
11,628
22,295
38,513
-
38,513
17,605
10,003
-
10,003
-
-
-
1,333
3,270
-
3,270
5,232
7,771
-
7,771
7,343
-
-
2,610
495
-
495
-
17,858
-
17,858
-
1,000
-
1,000
6,000
30,206
-
30,206
7,687
-
-
2,232
-
-
4,880
12,693
-
12,693
-
-
-
5,041
500
-
500
-
1,504
-
1,504
-
-
-
-
69,063
-
69,063
74,021
-
1,088,249
1,088,249
699,576
**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total 2023**
**Total 2022**|
|---|---|
||**204,504**
**1,088,249**
**1,292,753**
**855,855**|
## **7. Expenditure on charitable activities - Support costs** _**Charity**_
|Rent
Rates
Photocopier rental
Travelling
Meeting expenses
Printing, postage and stationary
Telephone and internet
Cleaning
Software and website
ID checks
Legal fees
Professional fees
Accounting fees
Insurance
Bank and card charges
Marketing
Subcontractor costs
Audit fees
IT Costs
Leases
Foreign exchange gains and losses
Repairs and renewals
General expenses
Jamaat Support
Subscription
Equipment hire|**2023**
£
-
12,200
1,300
-
1,615
3,816
513
-
1,664
-
990
1,206
1,101
29,388
6,000
-
-
1,490
3,899
233
3,000
648
-
**69,063**|**2022**
£
4,836
-
-
15,744
2,666
8
342
-
3,757
1,497
12,087
-
3,405
1,918
1,601
2,751
12,167
9,500
2,046
979
(834)
-
310
-
(875)
116|
|---|---|---|
|||**74,021**|
Page 20
## **THE COUNCIL OF EUROPEAN JAMAATS NOTES TO THE FINANCIAL STATEMENTS (** _**continued**_ **)**
## **8. Other expenditure**
|Arrangement costs
Audit fees
Accountancy fees
Profit or loss on foreign exchange
Interest and penalty on late paid tax
Bank charges
Taxation
**_Previous year_**
Arrangement costs
Audit fees
Profit or loss on foreign exchange
Interest and penalty on late paid tax
Bank charges
Taxation
**Net income**
Net income is stated after charging/(crediting):
Audit fees
Depreciation of tangible fixed assets|£
-
-
-
-
-
-
-
**-**
£
-
-
-
-
-
-
-
**-**
**Unrestricted**
**Funds**
**Unrestricted**
**Funds**|£
3,723
1,200
480
1,685
140
1
(527)
**6,702**
£
3,588
600
(6,964)
-
-
528
**(2,248)**
**2023**
£
6,000
-
**Restricted**
**Funds**
**Restricted**
**Funds**|£
3,723
1,200
480
1,685
140
1
(527)
**Total Funds 2023**|
|---|---|---|---|
||||**6,702**|
||||£
3,588
600
(6,964)
-
-
528
-
**Total Funds 2022**|
||||**(2,248)**|
||||**2022**
£
6,850
-|
## **9. Net income**
Page 21
## **THE COUNCIL OF EUROPEAN JAMAATS NOTES TO THE FINANCIAL STATEMENTS (** _**continued**_ **) YEAR ENDED 31 December 2023**
## **10. Staff costs**
The total staff costs and employee remuneration for the reporting period are analysed as follows:
|Subcontractor costs
Social security costs
Pension|**2023**
£
29,388
-
-
**29,388**|**2022**
£
12,167
-
-|
|---|---|---|
|||**12,167**|
The average head count of employees during the year was 1 (2022:1).
The key management personnel of the charity comprise trustees.
## **11. Trustee remuneration and expenses**
No remuneration from employment with the Charity or a related entity were received by the trustees in this or the previous year.
Travelling expenses amounting to £12,200 (2022: £15,744) were incurred by the trustees
Page 22
## **THE COUNCIL OF EUROPEAN JAMAATS**
**NOTES TO THE FINANCIAL STATEMENTS (** _**continued**_ **)**
## **YEAR ENDED 31 December 2023**
## **12. Tangible fixed assets** _**Consolidated**_
|**Tangible fixed assets**
**_Consolidated_**||
|---|---|
|**Cost**
At 1 January 2023
Additions
**At 31 December 2023**
**Depreciation**
At 1 January 2023
Charge for the year
**At 31 December 2023**
**Carrying amount**
**At 31 December 2023**
At 31 December 2022
**_Charity_**
**Cost**
At 1 January 2022
Additions
**At 31 December 2023**
**Depreciation**
At 1 January 2023
Charge for the year
**At 31 December 2023**
**Carrying amount**
**At 31 December 2023**
At 31 December 2022|£
£
270,000
270,000
**Investment**
**property**
**Total**|
||**270,000**
**270,000**|
||-
-
-
-|
||**-**
**-**|
||**270,000**
**270,000**|
||270,000
**270,000**|
||**£**
£
270,000
270,000
-
**Investment**
**property**
**Total**|
||**270,000**
**270,000**|
||-
-
-|
||**-**
**-**|
|||
||**270,000**
**270,000**|
|||
||270,000
**270,000**|
The investment property was valued by an independent professional valuer in 2017. In 2023 it is the opinion of the trustees that the market value has not changed considerably since its last valuation by an independent professional valuer.
|**13.**
**Investment**
At 1 January 2023
Additions
**At 31 December 2023**
At 31 December 2022
**14.**
**Investment property**
**At 31 December 2023**
At 31 December 2022|**Consolidated**
£
645,105
51,960|**Charity**
£
645,206
51,960|
|---|---|---|
||**697,065**|
**697,166**|
||645,105|
645,206|
|||**Total**
£
**270,000**|
|||270,000|
Page 23
## **THE COUNCIL OF EUROPEAN JAMAATS NOTES TO THE FINANCIAL STATEMENTS (** _**continued**_ **) YEAR ENDED 31 December 2023**
## **15. Debtors** _**Consolidated**_
Prepayments and accrued income Other debtors
|**2023**|**2022**|
|---|---|
|£|£|
|146,106|105,169|
|234,680|231,559|
|**380,786**|**336,728**|
## _**Charity**_
|||
|---|---|
|**_Charity_**
Prepayments and accrued income
Other debtors
**16.**
**Cash at hand**
**_Consolidated_**
Current accounts and deposit accounts
Cash in hand
**_Charity_**
Current accounts and deposit accounts
Cash in hand
**17.**
**Creditors: amounts falling due within one year**
**_Consolidated_**
Trade creditors
Accruals
Corporation tax
Other creditors
**_Charity_**
Trade creditors
Accruals
Other creditors
**18.**
**Subsidiary Company**
Included in debtors are amount due from:
**European Hajj Company Limited**|**2023**
**2022**
£
£
46,957
5,596
272,967
271,751|
||**319,924**
**277,347**|
||**2023**
**2022**
**£**
**£**
495,422
527,457
71
71|
||**495,492**
**527,528**|
||**2023**
**2022**
**£**
**£**
495,342
439,333
71
71|
||**495,412**
**439,404**|
||**2023**
**2022**
£
£
26,670
37,702
6,960
15,400
502
890
260,703
341,915|
||**294,835**
**395,907**|
||**2023**
**2022**
£
£
13,694
2,726
6,000
14,200
214,346
238,325|
||**234,040**
**255,251**|
||**2023**
**2022**
£
£
**38,287**
**40,192**|
## **European Hajj Company Limited**
Page 24
## **THE COUNCIL OF EUROPEAN JAMAATS**
## **NOTES TO THE FINANCIAL STATEMENTS (** _**continued**_ **) YEAR ENDED 31 December 2023**
## **19. Related party transactions**
The trustees give freely of their time and expertise without any form of remuneration or other benefit in cash or any kind (2022: £nil)
Included within other debtors in note 15 is a loan to Essex Jamaat of £206,525 (2022: £206,525) which amount is matched by a loan from the World Federation in the same amounts and included within other creditors in note 17
## **20. Analysis of movement in funds - Charity**
## **Restricted Funds**
|Peterborough
Gaza Relief Fund
Campaign for Access to Clean Water
Leicester
Imam Reza Hardship Fund
Birmingham
AFED Sdolidarity Day
General Capital Projects
The Bhavnagar Tenant Housing
Refugees in Brussels
Nazar
East Africa Trip
Lady Zainab Helping Hand
Switzerland
Al Ghadeer Library Project
Emergency Relief Appeal
Iraq Appeal/Relief funds
Khums
Fitra
Relief funds
Fill My Cup-Back to School campaign
COVID funds
Iran Appeal
Morocco/Libya Relief
Fidya and kaffara
Sadaqa
Zakaat
Alim grant
Pakistan Appeal/Relief
Poor widows and orphans
Hadith e kisa Blanket
Hyderi Fund
Imam Zamim
Turkey /Syria Appeal
Afghanistan Appeal Refugees
ZCSS
WF Aid
Radde Mazalim
Ali Ashgar Water appeal
Yemen Appeal
SOS Seniors
Syrian Refugee Appeal
WF Aid Earthquake
Who is Hussain
Dar Ul Zahra
Muharram grant
Ramadhan grant
Qurbani
**Unrestricted funds**
General funds|**Opening**
**balance**
£
**(1)**
1,097
77
**2,000**
**12,230**
-
**45**
**(20)**
**1**
1,318
**14,000**
117
2,078
1,424
**10,184**
**738**
**712**
-
**1**
2,190
**(2,108)**
**6,000**
**108**
**(21,731)**
1,777
821
2,666
25
260
2,416
3,809
**1,500**
**1,900**
**388**|**Income**
£
0
12,179
87,456
112,914
70,000
1,050
3,000
0
1
2
(0)
120
0
1,681
301
560,574
31,176
1,999
11
1,995
0
434
19,140
112,133
229
75,689
907
9,391
11
59,703
4,147
42,659
847
170
5,622
4,147
12,800
377
2,085
11
1,305
1
22,122
572|**Expenditure**
£
-
(6,673)
(77)
(89,456)
(87,400)
(70,000)
(1,050)
(3,000)
-
(46)
-
(1)
(1,438)
(14,000)
(117)
(3,969)
(1,649)
(474,990)
(23,891)
(2,711)
(1)
(3,830)
(2,190)
(100)
(17,032)
(40,853)
(360)
(56,900)
(2,896)
(4,869)
(822)
(59,703)
(6,744)
(57,856)
(1,131)
(160)
(8,038)
(12,755)
(366)
(2,345)
(1,305)
(0)
(3,809)
-
(22,757)
(959)|**Closing**
**balance**
£
(1)
6,603
-
-
37,744
-
-
-
0
-
(18)
(0)
-
-
0
(210)
76
95,768
8,023
0
10
(1,834)
0
334
-
77,280
(23)
(2,942)
(212)
4,522
10
-
69
(15,197)
(284)
10
(2,416)
4,147
45
36
-
11
2,416
0
-
1,500
1,265
1|
|---|---|---|---|---|
||**46,021**|**1,258,962**|**(1,088,249)**|**216,734**|
||**Opening**
**balance**
£
1,330,686|**Income**
£
205,546|**Expenditure**
£
204,504|**Closing**
**balance**
£
1,331,728|
||**1,330,686**|**205,546**|**204,504**|**1,331,728**|
Page 25
## **THE COUNCIL OF EUROPEAN JAMAATS NOTES TO THE FINANCIAL STATEMENTS (** _**continued**_ **) YEAR ENDED 31 December 2023**
## **21. Analysis of charitable funds**
|**Consolidated**
**Unrestricted funds**
Unrestricted funds
**Restricted funds**
Restricted funds
**Charity**
**Unrestricted funds**
Unrestricted funds
**Restricted funds**
Restricted funds|£
£
£
£
1,330,686
205,546
(204,504)
1,331,728
-
**At 1 Jan**
**2023**
**Income**
**Expenditure At 31 Dec 2023**|
|---|---|
||**1,330,686**
**205,546**
(204,504)
**1,331,728**|
||£
£
£
£
52,769
1,258,962
(1,094,951)
216,780
-
**At 1 Jan**
**2023**
**Income**
**Expenditure At 31 Dec 2023**|
||**52,769**
**1,258,962**
**(1,094,951)**
**216,780**|
||£
£
£
£
1,330,686
205,546
(204,504)
1,331,728
**At 1 Jan**
**2023**
**Income**
**Expenditure At 31 Dec 2023**|
||**1,330,686**
**205,546**
(204,504)
**1,331,728**|
||£
£
£
£
46,021
1,258,962
(1,088,249)
216,734
**At 1 Jan**
**2023**
**Income**
**Expenditure At 31 Dec 2023**|
||**46,021**
**1,258,962**
**(1,088,249)**
**216,734**|
Page 26
## **THE COUNCIL OF EUROPEAN JAMAATS NOTES TO THE FINANCIAL STATEMENTS (** _**continued**_ **) YEAR ENDED 31 December 2023**
## **22. Analysis of net assets between funds**
|Tangible fixed assets
Net current assets
**Net assets**
Tangible fixed assets
Net current assets
**Net assets**|Unrestricted
Funds
Restricted
Funds
**Total Funds**
**2023**
£
£
**£**
750,286
216,780 967,065
581,443
581,443|
|---|---|
||1,331,729
216,7801,548,508|
||Unrestricted
Funds
Restricted
Funds
Total Funds
2022
£
£
£
862,336
52,769 915,105
468,349
468,349|
||1,330,685
52,7691,383,454|
## **23. Subsidiary company - The European Hajj Company Ltd**
The Charity owns the whole of the issued ordinary share capital of The European Hajj Company Limited, a company registered in England and Wales (Reg. No. 06281391). The subsidiary is used for non-primary purpose trading activities. All activities have been consolidated on a line by line basis in the SOFA. The total net loss forms part of the restricted funds of the consolidated accounts. A summary of the results of the subsidiary is shown below:
|Turnover
Cost of sales
Sundry income
Administrative expenses
Taxation
**Profit for the financial year**
The aggregate of the assets, liabilities and funds was:
Assets
Liabilities|**2023**
**2022**
£
£
-
-
(3,723)
(3,588)|
|---|---|
||(3,723)
(3,588)
-
(3,506)
6,364|
||(7,229)
2,776
527
(528)|
||**(6,702)**
**2,248**|
||**2023**
**2022**
£
£
99,229
187,697
(99,079)
(180,845)|
||**150**
**6,852**|
Page 27
## Council of European Jamaats WP 31.12.2023....to be signed
Final Audit Report
2024-10-05
Created: 2024-09-24 By: Paul Phillips (paul@brianpaul.co.uk) Status: Signed Transaction ID: CBJCHBCAABAAP3Sxg9BqPWhIKLnU1EOXu-Uuv5uwz6rd
## "Council of European Jamaats WP 31.12.2023....to be signed" History
- Document created by Paul Phillips (paul@brianpaul.co.uk)
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