**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 - 1) To advance the Islamic faith and to promote the spiritual teaching and maintenance of the doctrine of the Shia Athna Ashari; and - 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. - To examine the accounts (under section 43 of the Act). - To follow the procedures laid down in the general directions given by the Charity Commission (under section 43(7)(b) of the act. - 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