Charity No 1144771
Imam Ali A.S Centre High Wycombe Trustees’ Reports and Accounts For the Year Ending 30[th] June 2024.
Imam Ali A.S Centre High Wycombe
Charity No 1144771
| Contents | Page No |
|---|---|
| Charity Information | 3 |
| Trustees’ Report | 4-6 |
| Independent Examiner’s Report | 7 |
| Income and Expenditure Report | 8 |
| Notes to the Accounts | 9 |
| Expenditure Report | 10 |
Imam Ali A.S Centre High Wycombe
Charity No 1144771
Charity Information
Trustees Mr Najaf Abbas Shah Mr Akhtar Abbas Mr Ghulam Rabbani Shah Mr Syed Kalab Abbas Shah Mr Mazhar Hussain Shah Mr Akhtar Jaffer Mr Ahmed Hussain Hilmi
Charity No 144771 Charity Offices 2 Chiltern Avenue High Wycombe HP12 3UA Independent Examiner KDA Accountants Ltd 9 Bessemer Crescent Aylesbury HP19 8TF Bankers HSBC PLC
Imam Ali A.S Centre High Wycombe
Charity No 1144771
Imam Ali A.S Centre High Wycombe
The Trustees present their report and account for the year ending 30[th] June 2024
Trustees
The Trustees named on page 1 of this report have served the charity throughout the financial year except where stated. Appointment of the Trustees’ is governed by its constitution of the charity. The board of Trustees is authorised to appoint new Trustees to fill vacancies arising through the resignation or death of an existing Trustee.
Investment Powers
The Trustees’ have been empowered to make investments on behalf of the charity through a trust deed.
Constitution, Objects and Policies
Activities and Achievements
Rental of the cottage in the grounds. Hall activities are to hire the hall for various local societies, clubs and parties.
Key member of staff, there is no key member of staff as there is 1 employee.
The trustees are on continual training to keep abreast with current charity commission legislation.
The trustees have access to a reserve of restricted funds that people can donate to which could help with the specific costs of burials, these funds are to be used at the discretion of the trustees and the restrictions as per the covenant.
Imam Ali A.S Centre High Wycombe
Imam Ali A.S Centre High Wycombe
Charity No 1144771
Trustees’ Report for The Year Ending 30[th] June 2024
Over the past year there have been no changes to the trustees but with the continued hard work all past and present trustees, the hall is maintained and provides a quality service to local community groups.
Statement of Trustees Responsibilities
The Trustees are required under the constitution of the charity to prepare financial statements for each financial year.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention of fraud and other irregularities.
Structure Governance and Management
Imam Ali A.S Centre High Wycombe is constituted as a charitable centre registered with the Charities Commission on 23[rd] November 2011. The Charity is governed by the constitution which was originally adopted on the 16[th of] November 2013. The constitution has been updated on 3[rd] December 2013 then subsequently on 6[th] January 2016.
Reserves
The Trustees consider that reserves held are sufficient to continue the support of the Imam Ali A.S Centre High Wycombe in future years.
Charitable Aims
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1) To advance the Islamic faith and to promote the spiritual teaching and maintenance of the doctrine of the Shia Athna Ashari; and
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2) To advance the education of the Shia Muslim Community.
Risk
The Trustees actively review the major risks which the charity faces on a regular basis and have also examined other operational and business risks faced by the charity. The Trustees confirm that they have established systems to mitigate the significant risk.
Approval
This report was approved by the Trustees on the ___ and signed by the Treasurer on their behalf.
Chairperson
____ Date____
Ghulam Rabbani shah
Independent Examiners Report
Imam Ali A.S Centre High Wycombe
Charity No 1144771
I am reporting to the Trustees of Imam Ali A.S Centre High Wycombe on the accounts for the years end 30[th] June 2023, as set out in pages 8 to 10 of this report.
Respective Responsibilities of the Trustees’ and Examiner
The charity’s Trustees consider that an audit is not required for their accounts under section 43(2) of the charities act 1993, and that an independent review is required.
It is my responsibility.
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To examine the accounts (under section 43 of the Act).
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To follow the procedures laid down in the general directions given by the Charity Commission (under section 43(7)(b) of the act.
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To state whether matters have come to my attention.
Basis on Independent Examiners’ Report
My examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanation from the Trustees’ concerning such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently I do not express an audit of the accounts.
Independent Examiner’s Statement
During my examination, there were items that came to my attention, these have been addressed for forthcoming accounts.
Which gives me no reasonable cause to believe that, in any material respect, the Trustees have met the requirement to ensure that.
Proper accounting records are kept in accordance with section 41 of the act.
Accounts are prepared which agree with the accounting records and comply with the accounting requirements of the act.
To which in my opinion, attention should be drawn in order to obtain a proper understanding of the accounts to be reached.
I can confirm that none of the Trustees or related parties have gained any advantage or have been paid by the charity for any services.
Signed: ________
Date_____
KDA Accountants.
Imam Ali A.S Centre High Wycombe
Charity No 1144771
Imam Ali A.S Centre High Wycombe Year Ended 20th June 2024 Unaudited Statement of Financial Activities
| 2024 £ Incoming Resources Donations Loan Writie Off Restricted Income Gift Aid Resources Expended Rates & Water Rates 5,158 Salaries Surveyors Planning Fees Catering Other Maintenance Building Insurance 420 Light & Heat Accountancy 770 Bank Fees 95 Lecture Fees 18,200 Sundry Depreciation 2,433 Net Surplus / Deficit |
2023 £ £ 26,033 0 0 0 26,033 847 7,370 495 400 2,744 935 103 8,680 11,303 27,076 -1,043 |
£ 28,085 0 0 3,306 |
|---|---|---|
| 31,391 | ||
| 32,877 | ||
| -1,486 |
Imam Ali A.S Centre High Wycombe
Charity No 1144771
Imam Ali A.S Centre High Wycombe Year Ended 20th June 2024
Unaudited Statement of Financial Activities
| Cost At 1 July 2023 Additions Disposals As at 30 June 2023 Depreciation As at 1st July 2024 Charge for the Year At 30th June 2024 Net Book Value At 30th June 2024 At 30th June 2023 |
Equipment 0 7,300 0 7,300 2,433 2,433 4,867 0 |
Premises 219,327 34,282 0 253,609 30,837 2,806 33,643 219,966 185,684 |
Total 219,327 41,582 0 |
|---|---|---|---|
| 260,909 | |||
| 30,837 5,239 |
|||
| 36,076 | |||
| 224,833 | |||
| 185,684 |
Imam Ali A.S Centre High Wycombe
Charity No 1144771
Imam Ali A.S Centre High Wycombe Year Ended 20th June 2024 Unaudited Statement of Financial Activities
| Fixed Assets Premises Equipment Current Assets Bank & Cash Restricted Funds Other Debtors Current Liabilities Loan PAYE Net Assets Financed By Reserve Account Surplus / Deficit Bought Forward Surplus / Deficit For Period Less Capital Account |
2024 £ £ 4,867 219,966 224,833 77,719 77,719 0 0 77,719 302,552 303,595 -1,043 302,552 0 302,552 |
2024 £ £ 4,867 219,966 224,833 77,719 77,719 0 0 77,719 302,552 303,595 -1,043 302,552 0 302,552 |
2023 £ £ 219,327 219,327 84,268 84,268 0 0 84,268 303,595 305,081 -1,486 303,595 0 303,595 |
2023 £ £ 219,327 219,327 84,268 84,268 0 0 84,268 303,595 305,081 -1,486 303,595 0 303,595 |
|---|---|---|---|---|
| 224,833 | 219,327 | |||
| 77,719 | 84,268 | |||
| 0 | 0 | |||
| 0 | 0 | |||
| 303,595 -1,043 |
305,081 -1,486 |
|||
| 77,719 | 84,268 | |||
| 302,552 | 303,595 | |||
| 302,552 | 303,595 | |||
| 0 | 0 | |||
| 302,552 | 303,595 |
I Approve the financial statements and confirm that I have made available all relevant records and information for their preparation
Trustee and Treasurer - Mr Ghulam Rabbani Shah
Date
Imam Ali A.S Centre High Wycombe
Charity No 1144771
Accounts for the Year Ending 30[th] June 2024.
1. Accounting Policies
Bases of Preparation of Accounts
The accounts are prepared on the receipts and payments basis and include the results of the charity’s operations which are described by the Trustees’ report, all of which are continuing.
The charity has taken advantage of the exemption in financial reporting standard number 1, from the requirement to produce a cash flow statement on the grounds that it qualifies as a small charity.
Income
All income is accounted for as received by the charity. The income is shown gross, with the associated costs included in the expenses, except for items where the charity receives money for re-imbursement for costs expended. Income coming from under these headings is deducted from the expenditure to which it relates.
Value Added Tax
VAT is not recoverable by the charity and as such is included in the relevant costs in the receipt and payments account.
Study Grants Restricted income and Expenditure.
The charity restricted revenue has been expended properly throughout the year.
Chairperson
Date
Imam Ali A.S Centre High Wycombe