Docusign Envelope ID: 6B8A2880-D296-487F-B52B-5E36F4B0D90B
REGISTERED COMPANY NUMBER: 07759249 (England and Wales) REGISTERED CHARITY NUMBER: 1143799
Trustees' Report and
Unaudited Financial Statements for the Year Ended 31 December 2024
for
MUSLIM COMMUNITY OF ESSEX (A COMPANY LIMITED BY GUARANTEE)
HM Accountax Ltd Chartered Certified Accountants 86-90 Paul Street Islington London EC2A 4NE
Docusign Envelope ID: 6B8A2880-D296-487F-B52B-5E36F4B0D90B
MUSLIM COMMUNITY OF ESSEX
Contents of the Financial Statements for the Year Ended 31 December 2024
| Page | |||
|---|---|---|---|
| Reference and Administrative Details | 1 | ||
| Trustees' Report | 2 | to | 5 |
| Independent Examiner's Report | 6 | ||
| Statement of Financial Activities | 7 | ||
| Statement of Financial Position | 8 | to | 9 |
| Notes to the Financial Statements | 10 | to | 15 |
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MUSLIM COMMUNITY OF ESSEX
Reference and Administrative Details for the Year Ended 31 December 2024
TRUSTEES Mr M T Hussain Dr S Naqvi Mr A Rashid Mr F A Shah Mr M Hussain Mr S A R Rizvi Mr M M Jawad
REGISTERED OFFICE 874 Eastern Avenue Ilford Essex IG2 7HY
REGISTERED COMPANY NUMBER 07759249 (England and Wales) REGISTERED CHARITY NUMBER 1143799 INDEPENDENT EXAMINER HM Accountax Ltd Chartered Certified Accountants 86-90 Paul Street Islington London EC2A 4NE
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MUSLIM COMMUNITY OF ESSEX (REGISTERED NUMBER: 07759249)
Trustees' Report for the Year Ended 31 December 2024
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of 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).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The Muslim Community of Essex's objective is to advance the religion of Islam and education, the provision of social and religious welfare activities and to provide relief of poverty among Shia Muslims.
Significant activities
The charity provides facilities for observing the important events in the Shia calendar.
1.There are approximately 125 days of importance in the calendar which are marked by observations with special functions. These include the fasting month of Ramadhan and the mourning month of muharram.
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Daily prayer facilities, five times a day including Fajar before the sunrise.
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Facilities are provided for Juma prayers every Friday and where participants include other Muslims.
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Education facilities including madressa.
Public benefit
The trustees have considered the general guidance on public benefit issued by the Charities Commission and have taken due regard of that guidance. The trustees consider that they are satisfied that the charity's activities do provide a public benefit.
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MUSLIM COMMUNITY OF ESSEX (REGISTERED NUMBER: 07759249)
Trustees' Report for the Year Ended 31 December 2024
ACHIEVEMENTS AND PERFORMANCE
Charitable activities
This year, the number of community programmes has increased compared to past years, reflecting stronger engagement and a growing participation across all initiatives.
Muharram Programmes
Over the first 10 days of Muharram, the programmes were highly successful, marked by significant attendance. Distinguished speakers were invited to share insightful sessions, while young reciters were given opportunities to participate, fostering emerging talent within the community.
Workshops, Community Initiatives and Skill Development
Social Media Workshop : Conducted by a professional trainer, this workshop equipped youth participants with practical skills in video editi ng and digital content creation.
First-Aid Training : Sixteen participants received training from an award-winning first-aid expert, enhancing the community’s prepar edness for emergencies.
Sunday Morning Prayer and Breakfast Club: Initiated to promote spiritual practice and social interaction among community members.
Youth and Children Engagement
MCE Youth Sunday education clubs: Successfully organized for the first time at MCE, providing participants with a unique educational and spiritual experience.
MCE Youth Seminars: Interactive sessions with scholars encouraged youth engagement, discussion, and learning.
MCE Young Stars Programmes : Launched during Ramadhan Kareem and Muharram to encourage young talent and creativity.
Children’s Classes: Conducted alongside the main programmes in Muharram, these classes provided religious and moral education to children, ensuring engagement for all age groups.
FINANCIAL REVIEW
Financial position
The results for the year are as shown in the financial statements. The statement of financial activities shows the incoming resources and the resources expended by the different activities conducted under the Charity's name. In order to provide a better understanding of the activities undertaken, a summary and analysis of the activities is included.
The Trustees confirm that the annual report and financial statements of MCE comply with the current statutory requirements of the Charity's governing document and the provisions of the applicable charities Statement of Recommended Practice (SORP), UK Accounting Standards and the Charities Act 2011.
The Statement of Financial Activities shows how the Charity's funds have been applied during the year. The gross receipts of the Charity were £124,243 (2023: £95,785). At 31 December 2024, the balance on the restricted fund was £50,390 (2023: £44,290). The charity had a deficit of £2,868 for the year.
Reserves policy
The trustees aim to ensure that sufficient funds are maintained to enable the trust to carry out its activities.
Going concern
The trustees have assessed the Charity’s financial position and future plans and are satisfied that it has adequate resources to continue operating for the foreseeable future. The Charity has maintained stable income streams from member contributions and donations, and holds sufficient reserves to meet its obligations and planned activities.
There are no material uncertainties that cast doubt on the Charity’s ability to continue as a going concern. Accordingly, the financial statements have been prepared on a going concern basis.
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MUSLIM COMMUNITY OF ESSEX (REGISTERED NUMBER: 07759249)
Trustees' Report for the Year Ended 31 December 2024
FINANCIAL REVIEW
Funds in deficit
The deficit in the current year was primarily due to two factors. Firstly, the organisation inherited financial challenges from the previous year. Secondly, expenses increased during the period. To address this, we are launching a membership campaign to boost regular income, improving collections and Gift Aid claims, reviewing rental income opportunities, and implementing tighter expense controls to manage costs more effectively.
FUTURE PLANS
The charity will continue to focus on promoting the advancement of Islamic religion among the shia muslims. It will also continue to improve the facilities provided at MCE.
Community Engagement and Development
MCE Senior Citizens Initiative: Targeted programmes to support and engage senior members, promoting active participation and well-being.
MCE Book Club: Establishment of a book club to cultivate a culture of reading, discussion, and lifelong learning.
Youth Entrepreneurship Programme: A platform for young members to present business ideas and receive mentorship and financial support from experie nced community professionals.
Organizational Growth and Digital Transformation
Centralized Data Management: Streamlining community records to improve efficiency and decision-making.
New Website Development : Creating a modern, user-friendly digital platform to enhance communication and engagement.
Improved Audio-Visual Recording: Upgrading recording of programmes for later broadcast on YouTube, enhancing community awareness and outreach .
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Muslim Community of Essex (“MCE”) is a company limited by guarantee incorporated on 1 September 2011.
The charitable company is governed by a Memorandum and Articles of Association. It was registered as a charity with the Charity Commission on 14 September 2011.
In the event of the charitable company being wound up members are required to contribute an amount not exceeding £1.
Recruitment and appointment of new trustees
The charity is governed by a board of trustees drawn from local community. This is to ensure that the board has skills and experience required to oversee the management of the charity and its operation.
Induction and training of new trustees
All new trustees receive a planned induction programme before taking up their place on the board. This includes an explanation of their roles and responsibilities, an induction to other trustees, an overview of the recent business and an explanation of board format and process.
Key management remuneration
The trustees are considered to be the key management personnel of 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 Board of Trustees, and, in accordance with trusts policy, withdraw from decision where a conflict of interest arises.
Details of trustee expenses and related party transactions are disclosed in notes to the accounts.
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MUSLIM COMMUNITY OF ESSEX (REGISTERED NUMBER: 07759249)
Trustees' Report for the Year Ended 31 December 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT Related parties
The Charity does not hold assets on behalf of any another Charity, company or individual.
Risk management
The trustees have examined the major strategic, business and operational risks which the trust faces and confirm that systems have been established to enable regular reports to be produced so that the necessary steps can be taken to lessen these risks
No serious incidents were reported during the year.
STATEMENT AS TO DISCLOSURE OF INFORMATION TO THE INDEPENDENT EXAMINER:
In so far as the trustees are aware:
- there is no relevant accounting information of which the charity's independent examiner are unaware; and - the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant accounting information and to establish that the independent examiner are aware of that information.
TRUSTEES' RESPONSIBILITY STATEMENT
The trustees (who are also the directors of Muslim Community Of Essex for the purposes of company law) 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) including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".
Company law requires the trustees to prepare financial statements for each financial year. Under that law, the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).
Under company law the trustees must not approve the financial statements unless they are satisfied that they 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 those financial statements, the trustees are required to
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
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 to 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.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website.
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on 31 October 2025 and signed on its behalf by:
Dr S Naqvi - Trustee
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Independent Examiner's Report to the Trustees of Muslim Community Of Essex (Registered number: 07759249)
Independent examiner's report to the trustees of Muslim Community Of Essex ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2024.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
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:
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accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
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 understanding of the accounts to be reached.
Muhammad Husnain Haider FCCA, ACA
HM Accountax Ltd Chartered Certified Accountants 86-90 Paul Street Islington London EC2A 4NE
31 October 2025
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MUSLIM COMMUNITY OF ESSEX
Statement of Financial Activities (Incorporating an Income and Expenditure Account) for the Year Ended 31 December 2024
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies Charitable activities Charitbale actitivity Investment income 2 Total EXPENDITURE ON Charitable activities 3 Charitbale actitivity Other Total NET INCOME/(EXPENDITURE) Other recognised gains/(losses) Gains on revaluation of fixed assets Net movement in funds RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
2024 Unrestricted Restricted Total fund funds funds £ £ £ 68,871 6,100 74,971 21,185 - 21,185 28,087 - 28,087 118,143 6,100 124,243 54,372 - 54,372 72,739 - 72,739 127,111 - 127,111 (8,968) 6,100 (2,868) - - - (8,968) 6,100 (2,868) 1,365,248 44,290 1,409,538 1,356,280 50,390 1,406,670 |
2023 Total funds £ 71,479 13,673 10,633 95,785 80,326 56,787 137,113 (41,328) 455,510 414,182 995,356 1,409,538 |
|---|---|---|
CONTINUING OPERATIONS
All income and expenditure has arisen from continuing activities.
The notes form part of these financial statements
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MUSLIM COMMUNITY OF ESSEX (REGISTERED NUMBER: 07759249)
Statement of Financial Position 31 December 2024
| Notes FIXED ASSETS Tangible assets 9 CURRENT ASSETS Debtors 10 Cash at bank and in hand CREDITORS Amounts falling due within one year 11 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 12 Unrestricted funds: General fund Restricted funds: Khums - S Imam Khums - S Saadat Building fund TOTAL FUNDS |
Unrestricted fund £ 1,100,080 55,000 212,119 267,119 (10,919) 256,200 1,356,280 1,356,280 |
Restricted funds £ - - 50,390 50,390 - 50,390 50,390 50,390 |
2024 Total funds £ 1,100,080 55,000 262,509 317,509 (10,919) 306,590 1,406,670 1,406,670 1,356,280 38,954 265 11,171 50,390 1,406,670 |
2023 Total funds £ 1,126,259 40,000 245,779 285,779 (2,500) 283,279 1,409,538 1,409,538 1,365,248 32,854 265 11,171 44,290 1,409,538 |
|---|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
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MUSLIM COMMUNITY OF ESSEX (REGISTERED NUMBER: 07759249)
Statement of Financial Position - continued 31 December 2024
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 31 October 2025 and were signed on its behalf by:
Mr M T Hussain - Trustee
Mr M Hussain - Trustee
Mr S A R Rizvi - Trustee
C22E6782EFE046B... Dr S Naqvi - Trustee
The notes form part of these financial statements
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MUSLIM COMMUNITY OF ESSEX
Notes to the Financial Statements for the Year Ended 31 December 2024
1. ACCOUNTING POLICIES
Charity information
The financial statements of the charitable company, which is a public benefit entity under FRS 102, 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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain assets.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost Improvements to property - 20% on cost
Related party exemption
The charitable company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.
Taxation
As the Charity is not registered for VAT, all costs shown are inclusive of VAT. The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
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MUSLIM COMMUNITY OF ESSEX
Notes to the Financial Statements - continued for the Year Ended 31 December 2024
2. INVESTMENT INCOME
| Rents received 3. CHARITABLE ACTIVITIES COSTS Charitbale actitivity 4. SUPPORT COSTS Charitbale actitivity 5. NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): Depreciation - owned assets |
2024 £ 28,087 Support Direct costs (see Costs note 4) £ £ 52,808 1,564 Governance Finance costs £ £ 64 1,500 2024 £ 26,179 |
2023 £ 10,633 |
|---|---|---|
| Totals £ 54,372 |
||
| Totals £ 1,564 2023 £ 17,199 |
6. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023.
7. STAFF COSTS
| STAFF COSTS | ||
|---|---|---|
| Wages and salaries The average monthly number of employees during the year was as follows: Volunteers |
2024 £ 11,667 11,667 2024 30 |
2023 £ 7,724 |
| 7,724 | ||
| 2023 15 |
No employees received emoluments in excess of £60,000.
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MUSLIM COMMUNITY OF ESSEX
Notes to the Financial Statements - continued for the Year Ended 31 December 2024
| 8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 71,224 Charitable activities Charitbale actitivity 13,673 Investment income 10,633 Total 95,530 EXPENDITURE ON Charitable activities Charitbale actitivity 80,326 Other 56,787 Total 137,113 NET INCOME/(EXPENDITURE) (41,583) Other recognised gains/(losses) Gains on revaluation of fixed assets 455,510 Net movement in funds 413,927 RECONCILIATION OF FUNDS Total funds brought forward 951,321 TOTAL FUNDS CARRIED FORWARD 1,365,248 9. TANGIBLE FIXED ASSETS Improvements Freehold to property property £ £ COST At 1 January 2024 and 31 December 2024 1,283,710 43,218 DEPRECIATION At 1 January 2024 158,710 43,218 Charge for year 25,674 - At 31 December 2024 184,384 43,218 NET BOOK VALUE At 31 December 2024 1,099,326 - At 31 December 2023 1,125,000 - |
Restricted funds £ 255 - - 255 - - - 255 - 255 44,035 44,290 Fixtures and fittings £ 2,528 1,269 505 1,774 754 1,259 |
Total funds £ 71,479 13,673 10,633 95,785 80,326 56,787 137,113 (41,328) 455,510 414,182 995,356 1,409,538 Totals £ 1,329,456 203,197 26,179 229,376 1,100,080 1,126,259 |
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MUSLIM COMMUNITY OF ESSEX
Notes to the Financial Statements - continued for the Year Ended 31 December 2024
10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Prepayments and accrued income 11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors Accrued expenses 12. MOVEMENT IN FUNDS Unrestricted funds General fund Restricted funds Khums - S Imam Khums - S Saadat Building fund TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund Restricted funds Khums - S Imam TOTAL FUNDS |
At 1/1/24 £ 1,365,248 32,854 265 11,171 44,290 1,409,538 Incoming resources £ 118,143 6,100 124,243 |
2024 £ 55,000 2024 £ 1,000 9,919 10,919 Net movement in funds £ (8,968) 6,100 - - 6,100 (2,868) Resources expended £ (127,111) - (127,111) |
2023 £ 40,000 2023 £ 1,000 1,500 2,500 At 31/12/24 £ 1,356,280 38,954 265 11,171 50,390 1,406,670 Movement in funds £ (8,968) 6,100 (2,868) |
|
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MUSLIM COMMUNITY OF ESSEX
Notes to the Financial Statements - continued for the Year Ended 31 December 2024
12. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| At 1/1/23 £ Unrestricted funds General fund 951,321 Restricted funds Khums - S Imam 32,599 Khums - S Saadat 265 Building fund 11,171 44,035 TOTAL FUNDS 995,356 Comparative net movement in funds, included in the above are as follows: Incoming Resources resources expended £ £ Unrestricted funds General fund 95,530 (137,113) Restricted funds Khums - S Imam 255 - TOTAL FUNDS 95,785 (137,113) A current year 12 months and prior year 12 months combined position is as follows: At 1/1/23 £ Unrestricted funds General fund 951,321 Restricted funds Khums - S Imam 32,599 Khums - S Saadat 265 Building fund 11,171 44,035 TOTAL FUNDS 995,356 |
Net movement in funds £ 413,927 255 - - 255 414,182 Gains and losses £ 455,510 - 455,510 Net movement in funds £ 404,959 6,355 - - 6,355 411,314 |
At 31/12/23 £ 1,365,248 32,854 265 11,171 44,290 1,409,538 Movement in funds £ 413,927 255 414,182 At 31/12/24 £ 1,356,280 38,954 265 11,171 |
|
|---|---|---|---|
| 50,390 | |||
| 1,406,670 |
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MUSLIM COMMUNITY OF ESSEX
Notes to the Financial Statements - continued for the Year Ended 31 December 2024
12. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Khums - S Imam TOTAL FUNDS |
Incoming Resources resources expended £ £ 213,673 (264,224) 6,355 - 220,028 (264,224) |
Gains and Movement losses in funds £ £ 455,510 404,959 - 6,355 455,510 411,314 |
Gains and Movement losses in funds £ £ 455,510 404,959 - 6,355 455,510 411,314 |
|---|---|---|---|
| 411,314 |
13. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2024.
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