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REGISTERED CHARITY NUMBER: 1173167
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2023
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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Contents of the Financial Statements for the Year Ended 31 March 2023
| 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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Reference and Administrative Details for the Year Ended 31 March 2023
TRUSTEES Dr S Naqvi Mr A R Rizvi (resigned 11.6.23) Mr S H A Rizvi Mr J A Najam (resigned 11.6.23) Mr S N H Shah Mr N Naqvi Mr M Hassan Mr Z Hussein Mr S F H Bukhari Mr S R H Rizvi (resigned 11.6.23) Mr M A Hussain (resigned 11.6.23)
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
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MAJLIS-E-ULAMA-E-SHIA EUROPE
Report of the Trustees for the Year Ended 31 March 2023
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 2023..
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 £161,106 (2022: £317,051). The charity had a surplus of 2,937 (2022: £198,821) for the year.
STRUCTURE, GOVERNANCE AND MANAGEMENT
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Report of the Trustees for the Year Ended 31 March 2023
STRUCTURE, GOVERNANCE AND MANAGEMENT
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 Zakir Hussein (Vice President, 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)
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).
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.
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Report of the Trustees for the Year Ended 31 March 2023
TRUSTEES' RESPONSIBILITY STATEMENT - continued
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.
The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Approved by order of the board of trustees on 27 December 2023 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 2023.
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
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
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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 The Association of Chartered Certified Accountants
HM Accountax Ltd Chartered Certified Accountants 86-90 Paul Street Islington London EC2A 4NE
27 December 2023
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Statement of Financial Activities for the Year Ended 31 March 2023
| 2023 Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 161,106 EXPENDITURE ON Charitable activities General charitable activities 157,154 Other 1,015 Total 158,169 NET INCOME 2,937 RECONCILIATION OF FUNDS Total funds brought forward 547,229 TOTAL FUNDS CARRIED FORWARD 550,166 |
2022 Total funds £ 317,052 |
|---|---|
| 134,402 - |
|
| 134,402 | |
| 182,650 364,579 |
|
| 547,229 |
The notes form part of these financial statements
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Balance Sheet 31 March 2023
| 2023 Unrestricted funds Notes £ FIXED ASSETS Tangible assets 6 386,400 CURRENT ASSETS Debtors 7 32,000 Cash at bank 132,966 164,966 CREDITORS Amounts falling due within one year 8 (1,200) NET CURRENT ASSETS 163,766 TOTAL ASSETS LESS CURRENT LIABILITIES 550,166 NET ASSETS 550,166 FUNDS 9 Unrestricted funds 550,166 TOTAL FUNDS 550,166 |
2022 Total funds £ 397,600 - 149,629 |
|---|---|
| 149,629 - |
|
| 149,629 | |
| 547,229 | |
| 547,229 | |
| 547,229 | |
| 547,229 |
The financial statements were approved by the Board of Trustees and authorised for issue on 27 December 2023 and were signed on its behalf by:
Dr S Naqvi - Trustee
Mr S H A Rizvi - Trustee
The notes form part of these financial statements
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Notes to the Financial Statements for the Year Ended 31 March 2023
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.
2. SUPPORT COSTS
| Information | Governance | |||
|---|---|---|---|---|
| Management | technology | costs | Totals | |
| £ | £ | £ | £ | |
| General charitable activities | 7,354 | 767 | 14,271 | 22,392 |
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Notes to the Financial Statements - continued for the Year Ended 31 March 2023
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.
4. STAFF COSTS
The average monthly number of employees during the year was as follows:
5.
| Administration No employees received emoluments in excess of £60,000. 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 |
2023 2022 1 1 Unrestricted funds £ 317,052 134,402 182,650 364,579 547,229 |
2023 2022 1 1 Unrestricted funds £ 317,052 134,402 182,650 364,579 547,229 |
|---|---|---|
| 134,402 | ||
| 182,650 364,579 |
||
| 547,229 |
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Notes to the Financial Statements - continued for the Year Ended 31 March 2023
6. TANGIBLE FIXED ASSETS
| COST At 1 April 2022 and 31 March 2023 DEPRECIATION At 1 April 2022 Charge for year At 31 March 2023 NET BOOK VALUE At 31 March 2023 At 31 March 2022 7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other debtors Prepayments and accrued income 8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors 9. MOVEMENT IN FUNDS Unrestricted funds General fund TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund TOTAL FUNDS |
Freehold property £ 420,000 22,400 11,200 33,600 386,400 397,600 2023 2022 £ £ 7,000 - 25,000 - 32,000 - 2023 2022 £ £ 1,200 - Net movement At At 1/4/22 in funds 31/3/23 £ £ £ 547,229 2,937 550,166 547,229 2,937 550,166 Incoming Resources Movement resources expended in funds £ £ £ 161,106 (158,169) 2,937 161,106 (158,169) 2,937 |
|---|---|
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Notes to the Financial Statements - continued for the Year Ended 31 March 2023
9. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1/4/21 | in funds | 31/3/22 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 364,579 | 182,650 | 547,229 |
| TOTAL FUNDS | 364,579 | 182,650 | 547,229 |
| Comparative net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 317,052 | (134,402) | 182,650 |
| TOTAL FUNDS | 317,052 | (134,402) | 182,650 |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 1/4/21 £ 364,579 364,579 |
Net movement in funds £ 185,587 185,587 |
At 31/3/23 £ 550,166 |
|---|---|---|---|
| 550,166 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming Resources Movement resources expended in funds £ £ £ 478,158 (292,571) 185,587 478,158 (292,571) 185,587 |
Incoming Resources Movement resources expended in funds £ £ £ 478,158 (292,571) 185,587 478,158 (292,571) 185,587 |
|---|---|---|
| 185,587 |
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Notes to the Financial Statements - continued for the Year Ended 31 March 2023
10. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2023.
11. POST BALANCE SHEET EVENTS
There were no post balance sheet event for the year ended 31st March 2023.
.
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| Detailed Statement of Financial Activities for the Year Ended 31 March 2023 INCOME AND ENDOWMENTS Donations and legacies Donations Gift aid Grants Total incoming resources EXPENDITURE Charitable activities Books Hazarah campaign Local projects Grants to individuals Other Travelling Support costs Management Wages Light and heat Telephone Postage and stationery Sundries Information technology IT support Governance costs Accountancy and legal fees Freehold property Total resources expended Net income |
2023 £ 136,106 25,000 - 161,106 161,106 18,666 2,500 17,476 96,120 134,762 1,015 6,000 745 183 218 208 7,354 767 3,071 11,200 14,271 158,169 2,937 |
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 |
This page does not form part of the statutory financial statements
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