Southampton Afghani Shia Association
Charity Registration Number: 1134186
Annual Report and Financial Statements for the year ended 31 December 2024
Trustees’ Annual Report
Reference and Administrative Details
Charity Name: Southampton Afghani Shia Association Charity Registration Number: 1134186 Reporting Period: 1 January 2024 – 31 December 2024 Independent Examiner: AccountableUK, 31 Bassett Crescent East, Southampton, SO16 7PD
Trustees (at 31 December 2024)
Mr Mohammed Jawad Fayazi – President Baitullah Haidary – Secretary Temourshuh Mohtashami – Treasurer Khalil Rahmani – Vice President Mohammed Malikzadeh – Vice President
Objectives and Activities
The charity exists to support the local Afghani Shia community in Southampton by providing a centre for worship, education and cultural activities, promoting community cohesion and social welfare, and supporting charitable, religious and educational activities within the community.
Achievements and Performance
During the year, the charity successfully continued to provide religious and educational programme, supported cultural and social events. We made a good and prominent progress in the reconstruction project of our Community Centre.
Financial Review
Income: £88,947 (2023: £78,425) Expenditure: £19,937 (2023: £37,684) Net Surplus: £69,009 (2023: £116,109) Net Assets at Year End: £863,811 (2023: £794,802)
Plans for Future Periods
The charity plans to expand educational and youth engagement programmes, maintain and improve the community building, and continue fundraising to support loan repayments and long-term financial sustainability.
Reserves Policy
The trustees aim to hold sufficient reserves to cover at least six months of running costs and loan repayments, ensuring resilience against unexpected funding gaps.
Statement of Financial Activities (SOFA) for the year ended 31 December 2024
| Expenditure | 2024 (£) | 2023 (£) |
|---|---|---|
| Rent, Rates, Utilities & Insurance | 6,191 | 12,650 |
| Legal & Professional Fees | 8,538 | 9,221 |
| Loan Interest | 4,160 | 656 |
| Other Costs (incl. depreciation) | 1,048 | 15,157 |
| Total Expenditure | 19,937 | 37,684 |
Net Income: £69,009 (2023: £116,109)
Balance Sheet as at 31 December 2024
| Assets | 2024 (£) | 2023 (£) |
|---|---|---|
| Tangible Assets | 923,611 | 512,597 |
| Cash & Debtors | 21,737 | 370,891 |
| Current Liabilities | (22,778) | (22,778) |
| Long-Term Liabilities | (58,759) | (65,908) |
| Net Assets | 863,811 | 794,802 |
Funds: Restricted Funds £863,810 (2023: £796,952); Unrestricted Funds £0 (2023: deficit £2,151)
Independent Examiner’s Report
I report on the accounts of Southampton Afghani Shia Association for the year ended 31 December 2024.
Independent Examiner: AccountableUK, 31 Bassett Crescent East, Southampton, SO16 7PD
Approval
This report was approved by the trustees on [insert date] and signed on their behalf by:
Trustee Name: ______Mohammad Jawad Fayazi
Position: Trustee Date: ______