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REGISTERED CHARITY NUMBER: 1173167
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2022
for
MAJLIS-E-ULAMA-E-SHIA EUROPE
HM Accountax Ltd Chartered Certified Accountants 86-90 Paul Street Islington London EC2A 4NE
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MAJLIS-E-ULAMA-E-SHIA EUROPE
Contents of the Financial Statements for the Year Ended 31 March 2022
| Page | |||
|---|---|---|---|
| Reference and Administrative Details | 1 | ||
| Report of the Trustees | 2 | to | 4 |
| Independent Examiner's Report | 5 | ||
| Statement of Financial Activities | 6 | ||
| Balance Sheet | 7 | ||
| Notes to the Financial Statements | 8 | to | 12 |
| Detailed Statement of Financial Activities | 13 |
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MAJLIS-E-ULAMA-E-SHIA EUROPE
Reference and Administrative Details for the Year Ended 31 March 2022
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 (resigned 4.12.21) Mr S R H Rizvi (appointed 4.12.21) Mr M A Hussain (appointed 4.12.21) PRINCIPAL ADDRESS Unit 20 Wellington Business Park Dukes Ride Crowthorne Berkshire RG45 6LS
REGISTERED CHARITY 1173167 NUMBER INDEPENDENT EXAMINER HM Accountax Ltd Chartered Certified Accountants 86-90 Paul Street Islington London EC2A 4NE
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MAJLIS-E-ULAMA-E-SHIA EUROPE
Report of the Trustees for the Year Ended 31 March 2022
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 2022.
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).
OBJECTIVES AND ACTIVITIES
Objectives and aims
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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;
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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;
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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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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
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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 £317,051 (2021: £343,775). The charity had a surplus of £198,821 for the year.
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MAJLIS-E-ULAMA-E-SHIA EUROPE
Report of the Trustees for the Year Ended 31 March 2022
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.
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.
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
Related parties
The Charity does not hold assets on behalf of any other charity, company or individual.
TRUSTEES AND OFFICERS (CENTRAL CABINET)
Mr Mohammad Hassan (President, Trustee)
Mr Ali Raza Rizvi (Senior Vice President, Chairman of the board of trustees) 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 (Relations Secretary, Trustee) Mr Syed Niaz Hussain Shah (Welfare Secretary, Trustee) Mr Raza Haider Rizvi (Trustee, Education Secretary) Mr Abbas Abedi (Propagation Secretary, Trustee)
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.
TRUSTEES' RESPONSIBILITY STATEMENT
The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
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Report of the Trustees for the Year Ended 31 March 2022
TRUSTEES' RESPONSIBILITY STATEMENT - continued
The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed 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, including the income and expenditure, of the charity 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 Charity 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 charity 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 charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the board of trustees on 18 November 2022 and signed on its behalf by:
Dr S Naqvi - Trustee
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Independent Examiner's Report to the Trustees of Majlis-e-Ulama-e-Shia Europe
Independent examiner's report to the trustees of Majlis-e-Ulama-e-Shia Europe
I report to the charity trustees on my examination of the accounts of Majlis-e-Ulama-e-Shia Europe (the Trust) for the year ended 31 March 2022.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of ACCA, ICAEW which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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 ACCA, ICAEW HM Accountax Ltd Chartered Certified Accountants 86-90 Paul Street Islington London EC2A 4NE
18 November 2022
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MAJLIS-E-ULAMA-E-SHIA EUROPE
Statement of Financial Activities for the Year Ended 31 March 2022
| 2022 Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 317,052 EXPENDITURE ON Charitable activities General charitable activities 134,402 NET INCOME 182,650 RECONCILIATION OF FUNDS Total funds brought forward 364,579 TOTAL FUNDS CARRIED FORWARD 547,229 |
2021 Total funds £ 343,775 |
|---|---|
| 56,609 | |
| 287,166 77,413 |
|
| 364,579 |
The notes form part of these financial statements
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MAJLIS-E-ULAMA-E-SHIA EUROPE
Balance Sheet 31 March 2022
| 2022 Unrestricted funds Notes £ FIXED ASSETS Tangible assets 6 397,600 CURRENT ASSETS Cash at bank 149,629 CREDITORS Amounts falling due within one year 7 - NET CURRENT ASSETS 149,629 TOTAL ASSETS LESS CURRENT LIABILITIES 547,229 NET ASSETS 547,229 FUNDS 9 Unrestricted funds 547,229 TOTAL FUNDS 547,229 |
2021 Total funds £ 408,800 95,779 (140,000) (44,221) 364,579 364,579 364,579 364,579 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 18 November 2022 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
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MAJLIS-E-ULAMA-E-SHIA EUROPE
Notes to the Financial Statements for the Year Ended 31 March 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, 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 Charities Act 2011. The financial statements have been prepared under the historical cost convention.
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 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.
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Notes to the Financial Statements - continued for the Year Ended 31 March 2022
2. SUPPORT COSTS
| SUPPORT COSTS | ||||
|---|---|---|---|---|
| Information | Governance | |||
| Management | technology | costs | Totals | |
| £ | £ | £ | £ | |
| General charitable activities | 7,028 | 1,495 | 16,172 | 24,695 |
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021.
4. STAFF COSTS
The average monthly number of employees during the year was as follows:
| Administration No employees received emoluments in excess of £60,000. 5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES INCOME AND ENDOWMENTS FROM Donations and legacies EXPENDITURE ON Charitable activities General charitable activities NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
2022 2021 1 1 Unrestricted funds £ 343,775 56,609 287,166 77,413 364,579 |
|---|---|
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Notes to the Financial Statements - continued for the Year Ended 31 March 2022
| 6. TANGIBLE FIXED ASSETS COST At 1 April 2021 and 31 March 2022 DEPRECIATION At 1 April 2021 Charge for year At 31 March 2022 NET BOOK VALUE At 31 March 2022 At 31 March 2021 7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors 8. LOANS An analysis of the maturity of loans is given below: Amounts falling due within one year on demand: Other loans 9. MOVEMENT IN FUNDS At 1/4/21 £ Unrestricted funds General fund 364,579 TOTAL FUNDS 364,579 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 317,052 TOTAL FUNDS 317,052 |
|
|---|---|
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Notes to the Financial Statements - continued for the Year Ended 31 March 2022
9. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| At 1/4/20 £ Unrestricted funds General fund 77,413 TOTAL FUNDS 77,413 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 343,775 TOTAL FUNDS 343,775 |
Net movement At in funds 31/3/21 £ £ 287,166 364,579 287,166 364,579 Resources Movement expended in funds £ £ (56,609) 287,166 (56,609) 287,166 |
|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 1/4/20 £ 77,413 77,413 |
Net movement in funds £ 469,816 469,816 |
At 31/3/22 £ 547,229 |
|---|---|---|---|
| 547,229 |
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 | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 660,827 | (191,011) | 469,816 |
| TOTAL FUNDS | 660,827 | (191,011) | 469,816 |
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Notes to the Financial Statements - continued for the Year Ended 31 March 2022
10. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2022.
11. POST BALANCE SHEET EVENTS
There were no post balance sheet event for the year ended 31st March 2022.
.
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| Detailed Statement of Financial Activities for the Year Ended 31 March 2022 INCOME AND ENDOWMENTS Donations and legacies Donations Gift aid Grants Total incoming resources EXPENDITURE Charitable activities Books Hazarah campaign Local projects Grants to individuals Support costs Management Wages Insurance Light and heat Telephone Sundries Information technology IT support Governance costs Accountancy and legal fees Freehold property Total resources expended Net income |
2022 £ 181,181 133,321 2,550 317,052 317,052 5,860 27,000 14,016 62,831 109,707 6,000 - 323 313 392 7,028 1,495 4,972 11,200 16,172 134,402 182,650 |
2021 £ 343,775 - - |
|---|---|---|
| 343,775 | ||
| 343,775 1,275 28,208 - 2,100 |
||
| 31,583 6,000 448 192 178 91 |
||
| 6,909 3,233 3,684 11,200 |
||
| 14,884 | ||
| 56,609 | ||
| 287,166 |
This page does not form part of the statutory financial statements
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