DocuSign Envelope ID: 62C6577E-E3BB-40A9-8364-7E433401C5A8DocuSign Envelope ID: 960A309B-0E35-4E81-82BA-0EDD53C0F6DD
**REGISTERED CHARITY NUMBER: 1173167**
**Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 March 2021 for MAJLIS-E-ULAMA-E-SHIA EUROPE**
HM Accountax Ltd Chartered Certified Accountants 86-90 Paul Street Islington London EC2A 4NE
DocuSign Envelope ID: 62C6577E-E3BB-40A9-8364-7E433401C5A8DocuSign Envelope ID: 960A309B-0E35-4E81-82BA-0EDD53C0F6DD
**MAJLIS-E-ULAMA-E-SHIA EUROPE**
## **Contents of the Financial Statements for the Year Ended 31 March 2021**
||Page|
|---|---|
|Reference and Administrative Details|1|
|Report of the Trustees|2 to 3|
|Independent Examiner's Report|4|
|Statement of Financial Activities|5|
|Balance Sheet|6|
|Notes to the Financial Statements|7 to 9|
|Detailed Statement of Financial Activities|10|
DocuSign Envelope ID: 62C6577E-E3BB-40A9-8364-7E433401C5A8DocuSign Envelope ID: 960A309B-0E35-4E81-82BA-0EDD53C0F6DD
## **MAJLIS-E-ULAMA-E-SHIA EUROPE**
## **Reference and Administrative Details for the Year Ended 31 March 2021**
|**TRUSTEES**|Dr S Naqvi|
|---|---|
||Mr A R Rizvi|
||Mr S H A Rizvi|
||Mr J A Najam|
||Mr S N H Shah|
||Mr N Naqvi|
||Mr M Hassan|
||Mr Z Hussein|
||Mr S F H Bukhari|
||Mr M K Maroofi|
|**PRINCIPAL ADDRESS**|Unit 20|
||Wellington Business Park|
||Dukes Ride|
||Crowthorne|
||Berkshire|
||RG45 6LS|
|**REGISTERED CHARITY NUMBER**|1173167|
|**INDEPENDENT EXAMINER**|HM Accountax Ltd|
||Chartered Certified Accountants|
||86-90 Paul Street|
||Islington|
||London|
||EC2A 4NE|
|**BANKS**|Barclays Bank Plc|
||1 Churchill Place|
||Canary Wharf|
||London|
||E14 5HP|
||Santander Bank Plc|
||2 Triton Square|
||Regent's Place|
||London|
||NW1 3AN|
Page 1
DocuSign Envelope ID: 62C6577E-E3BB-40A9-8364-7E433401C5A8DocuSign Envelope ID: 960A309B-0E35-4E81-82BA-0EDD53C0F6DD
## **MAJLIS-E-ULAMA-E-SHIA EUROPE**
## **Report of the Trustees for the Year Ended 31 March 2021**
The trustees of Majlis-e-Ulema-e-Shia Europe are pleased to present their report together with the financial statements for the year ended 31st March 202..
The charity operates under the working name of MUSE.
The Independent Examiner’s Report is shown immediately after this report. The reference and administrative details on page 1 form part of this report.
The financial statements comply with the current statutory requirements and the accounting policies set out in note 1 to the accounts. The trustees have adopted the provisions of the Charities SORP (FRS 102).
## **TRUSTEES AND OFFICERS (CENTRAL CABINET)**
Mr Ali Raza Rizvi (President, Chairman of the board of trustees, Trustee) Mr Mohammad Hassan (Senior vice president, Trustee) Mr Zakir Hussein (Vice President, Trustee) Mr Jafar Ali Najm (General Secretary, Trustee) Mr Syed Fida Hussain Bukhari (Information Secretary, Trustee) Dr Syed Naqvi (Central coordinator, Finance Secretary, Trustee) Mr Syed Hassan Abbas Rizvi (Joint Secretary, Trustee) Mr Syed Najam-ul-Hassan Naqvi (Education Secretary, Trustee) Mr Syed Niaz Hussain Shah (Propagation Secretary, Trustee) Mr Mohammad Kazim Maroofi (Trustee, Relationship Secretary)
## **EVENTS SINCE THE END OF THE YEAR**
Information relating to events since the end of the year is given in the notes to the financial statements.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity.
## **Recruitment and appointment of new trustees**
The charity is governed by a board of trustees drawn its members. 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
## **Organisational structure**
According to rule 20 of the charity constitution, the charity has formed the following departments in order to achieve its aims and objectives;
Imamiyah Council Imamiyah Women Imamiyah Youth Boys Imamiyah Youth Girls Sharia Board Central Council General Council Welfare R&D department
The trustees and members arrange quarterly meetings in various zones of the country to assess past performance and to plan for future tasks to be undertaken. Volunteers also serve in various capacities.
## **Related parties**
The Charity does not hold assets on behalf of any other charity, company or individual.
## **Risk management**
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
Page 2
DocuSign Envelope ID: 62C6577E-E3BB-40A9-8364-7E433401C5A8DocuSign Envelope ID: 960A309B-0E35-4E81-82BA-0EDD53C0F6DD
## **MAJLIS-E-ULAMA-E-SHIA EUROPE**
## **Report of the Trustees for the Year Ended 31 March 2021**
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
1. To advance the religion of Islam, by means of, but not exclusively, promoting the teachings and tenets of Islam, provision of resources for Islamic education, the provision of examination, assessment and Certification services for those studying Islamic courses, and the assistance in the provision of facilities for Islamic festivals in accordance with the teachings of the Quran and sunnah of the Prophet Muhammad (pbuh) as expounded by the Shia ithna asheri 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;
4. To relieve financial hardship, distress and suffering among poor people, refugees, victims of natural disasters and other people in need, by means of, but not exclusively, making grants or loans for providing or paying for items, equipment, services and facilities, including the provision of food, clothing, and accommodation for the said persons; and
5. To promote racial and religious harmony for the benefit of the public by promoting knowledge and mutual understanding between different racial and faith groups, in ways that reduces conflict and creates trust, unity and peace between them.
## **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.
## **FINANCIAL REVIEW**
## **Reserves policy**
The trustees aim to ensure that sufficient funds are maintained to enable the trust to carry out its activities.
## **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 MUSE 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 £343,775 (2020: £123,078). The charity had a surplus of £287,166 for the year.
Approved by order of the board of trustees on 13 September 2021 and signed on its behalf by:
Dr S Naqvi - Trustee
Page 3
DocuSign Envelope ID: 62C6577E-E3BB-40A9-8364-7E433401C5A8DocuSign Envelope ID: 960A309B-0E35-4E81-82BA-0EDD53C0F6DD
## **Independent Examiner's Report to the Trustees of Majlis-e-Ulama-e-Shia Europe**
I report on the accounts for the year ended 31 March 2021, which are set out on pages five to nine.
## **Responsibilities and basis of report**
As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I have examined your charity's accounts as required under section 145 of the Charities Act 2011 ('the 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.
My role is to state whether any material matters have come to my attention giving me cause to believe:
1. that accounting records were not kept as required by section 130 of the Act; or
2. that the accounts do not accord with those records; or
3. that the accounts do not comply with the accounting requirements of the Act; or
4. that there is further information needed for a proper understanding of the accounts.
## **Independent examiner's statement**
I have completed my examination and have no concerns in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission I have found no matters that require drawing to your attention.
Muhammad Husnain Haider FCCA, ACA HM Accountax Ltd Chartered Certified Accountants 86-90 Paul Street Islington London EC2A 4NE
13 September 2021
Page 4
DocuSign Envelope ID: 62C6577E-E3BB-40A9-8364-7E433401C5A8DocuSign Envelope ID: 960A309B-0E35-4E81-82BA-0EDD53C0F6DD
## **MAJLIS-E-ULAMA-E-SHIA EUROPE**
## **Statement of Financial Activities for the Year Ended 31 March 2021**
|**2021**
**Unrestricted**
**funds**
Notes
**£**
**INCOMING RESOURCES**
**Incoming resources from generated funds**
Voluntary income
**343,775**
**RESOURCES EXPENDED**
**Charitable activities**
General charitable activities
**41,725**
**Governance costs**
3
**14,884**
**Other resources expended**
**-**
**Total resources expended**
**56,609**
**NET INCOMING RESOURCES**
**287,166**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**77,413**
**TOTAL FUNDS CARRIED FORWARD**
**364,579**|2020
Total
funds
£
123,078
73,754
-
2,101|
|---|---|
||75,855|
||47,223
30,190|
||77,413|
The notes form part of these financial statements
Page 5
DocuSign Envelope ID: 62C6577E-E3BB-40A9-8364-7E433401C5A8DocuSign Envelope ID: 960A309B-0E35-4E81-82BA-0EDD53C0F6DD
## **MAJLIS-E-ULAMA-E-SHIA EUROPE**
## **Balance Sheet At 31 March 2021**
|**2021**
**Unrestricted**
**funds**
Notes
**£**
**FIXED ASSETS**
Tangible assets
6
**408,800**
**CURRENT ASSETS**
Cash at bank
**95,779**
**CREDITORS**
Amounts falling due within one year
7
**(140,000)**
**NET CURRENT ASSETS/(LIABILITIES)**
**(44,221)**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**364,579**
**NET ASSETS**
**364,579**
**FUNDS**
8
Unrestricted funds
**364,579**
**TOTAL FUNDS**
**364,579**|2020
Total
funds
£
-
77,413
-|
|---|---|
||77,413|
||77,413|
||77,413|
||77,413|
||77,413|
The financial statements were approved by the Board of Trustees on 13 September 2021 and were signed on its behalf by:
Dr S Naqvi -Trustee
Mr A R Rizvi -Trustee
Mr S H A Rizvi -Trustee
The notes form part of these financial statements
Page 6
DocuSign Envelope ID: 62C6577E-E3BB-40A9-8364-7E433401C5A8DocuSign Envelope ID: 960A309B-0E35-4E81-82BA-0EDD53C0F6DD
## **MAJLIS-E-ULAMA-E-SHIA EUROPE**
## **Notes to the Financial Statements for the Year Ended 31 March 2021**
## **1. ACCOUNTING POLICIES**
## **Accounting convention**
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
## **Incoming resources**
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
## **Resources expended**
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the 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
## **Taxation**
The charity is exempt from 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.
## **2. SUPPORT COSTS**
## **3.**
|**Information**
**Management**
**technology**
**£**
**£**
General charitable activities
**6,909**
**3,233**
**GOVERNANCE COSTS**
**2021**
**£**
Legal fees
**3,684**
Depreciation
**11,200**
**14,884**|**Totals**
**£**
**10,142**|
|---|---|
||2020
£
-
-|
||-|
## **4. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020 .
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020 .
Page 7
DocuSign Envelope ID: 62C6577E-E3BB-40A9-8364-7E433401C5A8DocuSign Envelope ID: 960A309B-0E35-4E81-82BA-0EDD53C0F6DD
## **MAJLIS-E-ULAMA-E-SHIA EUROPE**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2021**
|**5.**|**STAFF COSTS**|||||
|---|---|---|---|---|---|
||||**2021**||2020|
||||**£**||£|
||Wages and salaries||**6,000**||5,000|
||The average monthly number of employees during the year was as follows:|||||
||||**2021**||2020|
||Administration|||**1**|-|
||No employees received emoluments in excess of £60,000.|||||
|**6.**|**TANGIBLE FIXED ASSETS**|||||
||||||**Freehold**|
||||||**property**|
||||||**£**|
||**COST**|||||
||Additions||||**420,000**|
||**DEPRECIATION**|||||
||Charge for year||||**11,200**|
||**NET BOOK VALUE**|||||
||At 31 March 2021||||**408,800**|
||At 31 March 2020||||-|
|**7.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||||
||||**2021**||2020|
||||**£**||£|
||Other creditors||**140,000**||-|
|**8.**|**MOVEMENT IN FUNDS**|||||
|||||**Net**||
||||**movement in**|||
|||**At 1/4/20**|**funds**||**At 31/3/21**|
|||**£**|**£**||**£**|
||**Unrestricted funds**|||||
||General fund|**77,413**|**287,166**||**364,579**|
||**TOTAL FUNDS**|**77,413**|**287,166**||**364,579**|
||Net movement in funds, included in the above are as follows:|||||
|||**Incoming**|**Resources**||**Movement in**|
|||**resources**|**expended**||**funds**|
|||**£**|**£**||**£**|
||**Unrestricted funds**|||||
||General fund|**343,775**|**(56,609)**||**287,166**|
||**TOTAL FUNDS**|**343,775**|**(56,609)**||**287,166**|
Page 8
DocuSign Envelope ID: 62C6577E-E3BB-40A9-8364-7E433401C5A8DocuSign Envelope ID: 960A309B-0E35-4E81-82BA-0EDD53C0F6DD
## **MAJLIS-E-ULAMA-E-SHIA EUROPE**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2021**
## **8. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|**Comparatives for movement in funds**||||
|---|---|---|---|
|||**Net**||
|||**movement in**||
||**At 1/4/19**|**funds**|**At 31/3/20**|
||**£**|**£**|**£**|
|**Unrestricted Funds**||||
|General fund|**30,190**|**47,223**|**77,413**|
|**TOTAL FUNDS**|**30,190**|**47,223**|**77,413**|
|||||
|Comparative net movement in funds, included in the above are as follows:||||
||**Incoming**|**Resources**|Movement in|
||**resources**|**expended**|funds|
||**£**|**£**|£|
|**Unrestricted funds**||||
|General fund|**123,078**|**(75,855)**|**47,223**|
|**TOTAL FUNDS**|**123,078**|**(75,855)**|**47,223**|
|||||
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|**Net**
**movement in**
**At 1/4/19**
**funds**
**At 31/3/21**
**£**
**£**
**£**
**30,190**
**334,389**
**364,579**
**30,190**
**334,389**
**364,579**|**Net**
**movement in**
**At 1/4/19**
**funds**
**At 31/3/21**
**£**
**£**
**£**
**30,190**
**334,389**
**364,579**
**30,190**
**334,389**
**364,579**|
|---|---|---|
|||**364,579**|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
||**Incoming**|**Resources**|**Movement in**|
|---|---|---|---|
||**resources**|**expended**|**funds**|
||**£**|**£**|**£**|
|**Unrestricted funds**||||
|General fund|**466,853**|**(132,464)**|**334,389**|
|**TOTAL FUNDS**|**466,853**|**(132,464)**|**334,389**|
## **9. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31st March 2021.
## **10. POST BALANCE SHEET EVENTS**
There were no post balance sheet event for the year ended 31st March 2021.
.
Page 9
DocuSign Envelope ID: 62C6577E-E3BB-40A9-8364-7E433401C5A8DocuSign Envelope ID: 960A309B-0E35-4E81-82BA-0EDD53C0F6DD
## **MAJLIS-E-ULAMA-E-SHIA EUROPE**
## **Detailed Statement of Financial Activities for the Year Ended 31 March 2021**
|**INCOMING RESOURCES**
**Voluntary income**
Gifts
Donations
**Total incoming resources**
**RESOURCES EXPENDED**
**Charitable activities**
Examination conducting
Books
Camping
Flood relief
Hazarah campaign
Grants to individuals
**Governance costs**
Legal fees
Freehold property
**Other resources expended**
Travelling
**Support costs**
**Management**
Wages
Insurance
Light and heat
Telephone
Postage and stationery
Sundries
Office costs
**Information technology**
IT support
**Total resources expended**
**Net income**|**2021**
**£**
**-**
**343,775**
**343,775**
**343,775**
**-**
**1,275**
**-**
**-**
**28,208**
**2,100**
**31,583**
**3,684**
**11,200**
**14,884**
**-**
**6,000**
**448**
**192**
**178**
**-**
**91**
**-**
**6,909**
**3,233**
**56,609**
**287,166**|2020
£
6,429
116,649|
|---|---|---|
|||123,078|
|||123,078
5,905
26,426
10,213
20,000
-
4,431|
|||66,975
-
-|
|||-
2,101
5,000
99
-
68
22
64
1,526|
|||6,779
-|
|||75,855|
|||47,223|
This page does not form part of the statutory financial statements
Page 10