CHARITY REGISTRATION NUMBER 1170540 SHIA JAFARI MASHAYAKHI MOMIN JAMAT
FINANCIAL STATEMENTS 31 MARCH 2022
SHIA JAFARI MASHAYAKHI MOMIN JAMAT
FINANCIAL STATEMENTS PERIOD TO 31 MARCH 2022 CONTENTS PAGE
Trustees Annual Report 1-3 Receipts and Payments Statement 4 Statement of Assets and Liabilities 5 Notes 6
SHIA JAFARI MASHAYAKHI MOMIN JAMAT
TRUSTEES ANNUAL REPORT PERIOD TO 31 MARCH 2022
The Trustees have pleasure in presenting their report and the unaudited financial statements of the Charity for the period to 31 MARCH 2022.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered charity name SHIA JAFARI MASHAYAKHI MOMIN JAMAT
CHARITY REGISTRATION number 1170540
Registered office: 33a Dorothy Road, Leicester, LE5 5DR
THE Trustees
The Trustees who served the charity during the period were as follows: IMDADALI IMTIYAZ MOMIN IRFAN MOMIN NAZARMOHAMMED SHABBIRHUSEN SAMIR ALI MOMIN
STRUCTURE, GOVERNANCE AND MANAGEMENT
SHIA JAFARI MASHAYAKHI MOMIN JAMAT is a Charitable Incorporated Organisation (CIO) governed by its Constitution dated the 02[nd] December 2016 and the trust was registered with the Charity Commission on the 02[nd] December 2016.
OBJECTIVES AND ACTIVITIES
The objectives of the organisation, as set out in its governing document are:
(1)
To advance the religion of Islam, by means of, but not exclusively, promoting the teachings and tenets of Islam, provision of facilities for worship and Islamic education, and the provision, or the assistance in the provision, of facilities for Islamic funerals and burials, in accordance with the teachings of the Quran and Sunnah of the Prophet Muhammad PBUH as expounded by the Shia Jafari school of thought;
(2)
To advance education for the benefit of the poor, the underprivileged and the general public by means of, but not exclusively, the provision or the assistance in the provision of educational activities and facilities, such as supplementary schools and language classes;
- (3)
To provide or assist in the provision of facilities in the interests of social welfare for recreation or other leisure time occupation of individuals who have need of such facilities by reason of their youth, age infirmity or disability, financial hardship or social circumstances with the object of improving their conditions of life.
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SHIA JAFARI MASHAYAKHI MOMIN JAMAT TRUSTEES ANNUAL REPORT (continued) PERIOD TO 31 MARCH 2022
ACHIEVEMENTS AND PERFORMANCE
During the year, SHIA JAFARI MASHAYAKHI MOMIN JAMAT has successfully delivered a programme of educational activities for children and adults. Since Covid-19 the charity was able to explore and go into online teaching alongside the physical activities so they could reach a larger audience.
The charity also continued to use its premises as its centre for its community activities and refurbished it to make the facilities more user friendly and to give more space for activities. A great example of this is the charity has fitted projector system both upstairs and downstairs where by one presenter could present to a larger group while maintaining the a safe & workable capacity. This system can also be interlinked with platforms such as zoom so again this fundamentally helps increasing the charity beneficiaries and activities.
PUBLIC BENEFIT STATEMENT
The trustees have considered the general guidance on public benefit issued by the Charity Commission and has taken due regard of that guidance. The trustees consider that they are satisfied that the charity’s activities do benefit the public as it is meeting an identifiable need among the local community. The trustees have benefitted many individuals and families to meet their religious obligations and advanced education for public benefit.
FINANCIAL REVIEW
SHIA JAFARI MASHAYAKHI MOMIN JAMAT had secured funds from members of the community and donors for their activities totalling £55,696 during the year. These funds were general funds for the activities of the charity and for the refurbishment of the premises. During the year, the expenditure was £8,099 in addition to the costs of the refurbishment of £10,257 and loan repayments paid out during the year. The charity had unrestricted cash funds in reserves of £28,817 at the end of the period. The trustees have a policy not to hold reserves in the charity at present, and any reserves shown will be used to offset the liabilities and charitable expenditure of the charity in future periods.
PLANS FOR FUTURE PERIODS
Future plans are to continue to run the community centre for the benefit of the public by undertaking activities that meet the needs of beneficiaries.
RESPONSIBILITIES OF THE TRUSTEES
The charity's trustees are responsible for preparing the Trustees Annual 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 trustees to prepare financial statements for each financial 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;
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observe the methods and principles in the Charities SORP;
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SHIA JAFARI MASHAYAKHI MOMIN JAMAT
RECEIPTS AND PAYMENTS STATEMENT PERIOD TO 31 MARCH 2022
| Total Funds | Funds to | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Period to |
31 Mar 21 | |||
| Funds | Funds | 31 Mar 22 | ||||
| Note | £ | £ | £ | |||
| RECEIPTS | ||||||
| Member Contributions | 18,002 | - | 18,002 | 1,395 | ||
| Donations | 2 | 32,366 | - | 32,366 | 34,466 | |
| Gift Aid | 5,328 | - | 5,328 | - | ||
| SUB TOTAL | 55,696 | 55,696 | 35,861 | |||
| LOANS TAKEN | ||||||
| Member Loans | - | - | - | - | ||
| TOTAL RECEIPTS | 55,696 | - | 55,696 | 35,861 | ||
| PAYMENTS | ||||||
| Staff Wages | 2,557 | - | 2,557 | 225 | ||
| Venue Hire | 700 | - | 700 | - | ||
| Water & Utility Costs | 1,865 | - | 1,865 | 1,061 | ||
| Professional Fees | 2,023 | - | 2,023 | - | ||
| Insurance | 776 | - | 776 | 1,106 | ||
| Fire Safety Costs | 63 | - | 63 | - | ||
| Website Costs | 115 | - | 115 | - | ||
| Stationery & Sundries | - | - | - | 16 | ||
SUBTOTAL |
8,099 | - | 8,099 | 2,408 | ||
| PROPERTY FUND PURCHASES | 10,257 | - | 10,257 | 1,281 | ||
| LOAN REPAYMENTS | 20,000 | 20,000 | 35,000 | |||
| TOTAL RESOURCES | ||||||
| EXPENDED | 38,356 | - | 38,356 | **38,689 ** | ||
| NET OF RECEIPTS FOR | ||||||
| THE PERIOD | 17,340 | - | 17,340 | (2,828) | ||
RECONCILIATION OF |
||||||
| FUNDS | ||||||
| Total funds brought forward | 11,477 | - | 11,477 | **14,305 ** | ||
| TOTAL FUNDS CARRIED | ||||||
| FORWARD | 28,817 | - | 28,817 | 11,477 |
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SHIA JAFARI MASHAYAKHI MOMIN JAMAT
NOTES TO THE FINANCIAL STATEMENTS PERIOD TO 31 MARCH 2022
1. ACCOUNTING POLICIES
Basis of accounting
The financial statements have been prepared under the Receipts and Payments method as the charity has an income of less than £100,000 and is not a company.
2. RECEIPTS – DONATIONS
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2022 | |
| £ | £ | £ | |
| Donations | |||
| Donations in the period | 32,366 | 32.366 | |
| ===== | ==== | ===== | |
| 32,366 | 32,366 |
3. ASSETS RETAINED FOR CHARITY USE
| £ | |
|---|---|
| 33a Dorothy Road | |
| Cost | 110,000 |
| Additions | 2,585 |
| Additions | 61,437 |
| Additions | 17,845 |
| Additions | 1,281 |
| Additions | 10,257 |
| ====== | |
| Total | 203,405 |
4. LIABILITIES: Amounts falling due within one year
| £ | |
|---|---|
| Professional Fees | |
| Accountant Examination Fees | |
| for 2022 | 750 |
| ==== | |
| 750 |
5. CONNECTED PARTY TRANSACTIONS
A connected person to Mr I Momin received payment for services rendered to the charity totalling £855. There were no other payments made to any trustee or connected person during the period
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Independent examiner's report on the accounts
Section A Independent Examiner’s Report
Report to the trustees/ Charity Name SHIA JAFARI MASHYAKHI MOMIN JAMAT members of
| On accounts for the year ended Set out on pages |
31 MARCH 2022 | Charity no (if any) |
1170540 |
|---|---|---|---|
| 1 TO 6 (remember to include the page numbers of additional sheets) |
Respective The charity's trustees are responsible for the preparation of the accounts in responsibilities of accordance with the requirements of the Charities Act 2011 (“the Act”). trustees and examiner
The charity’s trustees consider that an audit is not required for this year under section 144 of the Act and that an independent examination is needed.
It is my responsibility to:
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examine the accounts under section 145 of the Charities Act,
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to follow the applicable Directions given by the Charity Commission (under section 145(5)(b) of the Act, and
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to state whether particular matters have come to my attention
Basis of independent My examination was carried out in accordance with general Directions given examiner’s statement 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 explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
Independent In connection with my examination, no material matters have come to my examiner's statement attention which gives me cause to believe that in, any material respect:
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accounting records were not kept in accordance with section 130 of the Charities Act or
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the accounts do not accord with the accounting records
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
- Please delete the words in the brackets if they do not apply.
Signed:[MSuleman ] Date: 30/01/2023
Name: M SULEMAN
Relevant professional INDEPENDENT EXAMINER qualification(s) or body ACCOUNTANT (if any):
Address: 8 DRONFIELD STREET
IER
May 2018
1
LEICESTER
LE5 5AS
Section B Disclosure
Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
Give here brief details of any items that the examiner wishes to disclose .
NONE
IER
May 2018
2