Docuslgn Envelope ID.. A9F7478E-F45B4C20-9A514B1CA03C45BC REGISTERED CHARITY NUMBER: 1173167 Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 Mareh 2024 for MAJLIS-E-ULAMA-E-SHIA EUROPE HM Accountax Ltd Chartered Certified Accountants 86-90 Paul Street Islington London EC2A4NE
Docuslgn Envelope ID.. A9F7478E-F45B-4C20-9A514B1CA03C45BC MAJLIS-E-ULAMA-E4HIA EUROPE Conlgnts of the Financial Ststements for the Year Ended 31 March 2024 Page Reference and Admlnlstratlve Detalls Report of the Trustees Independent Examinerfs Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 8 to 12 Detailed Statement of Financial Activities 13 to 14
Docusign Envelope ID.. A9F7478E-F45B4C20-9A51481CA03C45BC MAJLIS-E-ULAMA-E4HIA EUROPE Reference and Administrative Details forthe Year Ended 31 March 2024 TRUSTEES Dr S Naqvi Mr A R Rizvi lappoinled 28.9.241 MrSHARizvi Mr J A Najam Iresigned 11.6.23} MrSNHShah Mr N Naqvi Mr M Hassan Mr Z Hussein (resigned 11.6.231 Mr S F H Bukhari (resigned 11.6.231 Mr M K Maroofi (appointed 28.9.241 Mr S R H Rizvi (resigned 11.6.231 Mr M A Hussain Iresigned 11.6.23} PRINCIPAL ADDRESS Unil 20 Wellinglon Business Park Dukes Ride Crowthorne Bert(shire RG45 6LS REGISTERED CHARITY NUMBER 1173167 INDEPENDENT EXAMINER HM Accountsx Ltd Chartered Certified Accountants 86-90 Paul Street Islington London EC2A4NE Page 1
Docuslgn Envelope ID.. A9F7478E-F45B4C20-9A514B1CA03C45BC mAJLlS-uLAMA-SH1A EUROPE Report of the Trustees for the Year Ended 31 March 2024 The trustees of Majlis-e-ulema-e-shia Europe are pleased to preserkt their report together the financial statements for the year ended 31st March 2024. 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 ststutory requirements and the accounting policies sel out in note 1 to the accounts. The Iruslees have adopted the provisions of the Charities SORP IFRS 1021. OBJECTIVES AND ACTIVITIES Objectives and aims 1. To advan the religion of Islam, by means of, but not exclusively, promoting the teachings and tenels of Islam, provision of reSoUrS for Islamic edLJcation, the provision of examination, assessment and Certtfication 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 Ipbuhl as expounded by the Shia ilhna 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 faalilies, 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 lime occupation of individuals who have need of such facilities by reason of their youth, age, infimiity or disability, financial hardship or social circumstanS 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, bul not exclusively, making grants or loans for providing or paying for items, equipment, seryices and facilities, induding the provision of food, clothing, and accommodation for the said persons,. and 5. To promote racial and religious harmony for the benefrt 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 Pea 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 Iruslees 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 maintsined to enable the trust to carry out ils activities. Flnanclal posltlon The results for the year are as shown in the financial stalemenls. The statement of financial activities shows the incoming resou5 and the resources expended by the different aclivits'es conducted under the Charity's name. In order lo provide a better understsnding 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 ISORPI, UK Accounting Stsndards and the Charities Act 2011. The Slalement of Financial Activities shows how the Charty's funds have been applied during the year. The gross receipts of the Charity were £119,98412023.. £161,106). The charity had a surplus of 39,06912023.. £2,937) for the year. STRUCTURE. GOVERNANCE AND MANAGEMENT Page 2
Docuslgn Envelope ID.. A9F7478E-F45B4C20-9A514B1CA03C45BC mAJLlS-uLAMA-SH1A EUROPE Report of the Trustees for the Year Ended 31 March 2024 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 experien required lo oversee the management of the charity and Its operation. Organisational structure According to rule 20 of the charity constilulion, the charity has formed the following departments in order lo achieve ils 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 quartedy meetings in various zones of the county lo assess past performance and to plan for future tasks to be undertaken. Volunteers also serve in various cap8Clties. Induction and training of new trustees Al new trustees re1ve a planned induction programme before taking up their pla 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 formal and prOs$ Related parties The Charity does not hold assets on behaW of any other charity, company or individual. TRUSTEES AND OFFICERS (CENTRAL CABINET) Mr Ali Raza Rizvi (President, Trustee} Mr Zakir Hussein (VI President, Trustee} Mr Syed Fid8 Hussain Bukhari {Informalion Secl8ry, Trustee) Dr Syed Naqvi (Central coordinator, Finan Secretary, Trusleel Mr Syed Hassan Abbas Rizvi {General Secretary, Trusleel Mr Syed Najam-ul-Hassan Naqvi (Relations Secretary, Trusleel Mr Syed Niaz Hussain Shah (Welfare Secretary, Trustee} EVENTS SINCE THE END OF THE YEAR Information relating lo events since the end of the year is given in the notes lo the financial slalements. TRUSTEES. RESPONSIBILITY STATEMENT The Iruslees are sponSible for preparing the Report of the Trustees and the financial ststements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Praclicel. The law applicable to charities in England and Wales, the Chartties Art 2011. Charty (Accounts and Reports) Regulations 2008 and the provisK)ns of the trust deed requires the trustees lo prepare finanaal slalements for each financial year which give a true and fair view of the stste 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 slalements. the Iruslees are required to select suitable accounting policies and then apply them consistently.. observe the methods and principles in the Charity SORP., make judgements and estimates that a reasonable and prudent., prepare the financial ststements on the going concern basis unless it is inappropriate lo presume that the charity will continue in business. Page 3
Docuslgn Envelope ID.. A9F7478E-F45B4C20-9A514B1CA03C45BC mAJLlS-uLAMA-SH1A EUROPE Report of the Trustees for the Year Ended 31 March 2024 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 lo enable them to ensure that the financial ststements 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 hen for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the board of trustees on 22 January 2025 and signed on its beha by.. Do¢usd6y'. C22E6F82EFÉ016È Dr S Naqvi - Trustee Page 4
Docuslgn Envelope ID.. A9F7478E-F45B4C20-9A514B1CA03C45BC Independent Examiner's Report to the Trustees of Majlis-Ulamahla Europe Independent examinerfs report to the trustees of Majlis-e-ulama-e-shia Europe I report lo the charity trustees on my examination of the accounts of Majlis-e-ulamae-shia Europe {the Trust} for the year ended 31 March 2024. 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 Ad 2011 {'Ihe Acl'l. I report in respect of my examination of the Trusvs 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 14515llbl of the Act. Independent examinerfs ststement 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.. accounting rewrds were not kept in respect of the Trust as required by Sedion 130 of the Act- or the accounts do not accord with those records., or the accounts do not comply with the applicable requirements conrnINg the fomi 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 Concems and have come across no other matters in wnnection with the examination lo which attention should be drawn in this report in order to enable a proper understanding of the accounts lo be reached. Docu8Wd by.. 82CF31C62AD2479 Muhammad Husnain Haider FCCA, ACA HM Accountax Ltd Chartered Certified Accountants 86-90 Paul Street Islinglon London EC2A4NE 22 January 2025 Page 5
Docuslgn Envelope ID.. A9F7478E-F45B4C20-9A514B1CA03C45BC MAJLIS-uLAMA-SH1A EUROPE ststement of Financial Activities for the Year Ended 31 March 2024 2024 Unrestricted funds 2023 Total funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 119,984 161,106 EXPENDITURE ON Charitable activities General charitable activities 57,962 157,154 Other 22,953 1,015 Total 80,915 158,169 NET INCOME 39,069 2,937 RECONCILIATION OF FUNDS Totsl funds brought forward 550,166 547,229 TOTAL FUNDS CARRIED FORWARD 589,235 550,166 The notes form part of these financial statements Page 6
Docuslgn Envelope ID.. A9F7478E-F45B4C20-9A514B1CA03C45BC MAJLIS-uLAMA-SH1A EUROPE Balance Sheet 31 March 2024 2024 Unrestricted funds 2023 Totsl funds Notes FIXED ASSETS Tangible assets 376,138 386,400 CURRENT ASSETS Debtors Cash at bank 117,000 97.297 32,000 132,966 214,297 164,966 CREDITORS Amounts falling due within one year {1,200) 11,200) NET CURRENT ASSETS 213,097 163,766 TOTAL ASSEfs LESS CURRENT LIABILITIES 589,235 550,166 NET ASSETS 589,235 550,166 FUNDS Unrestricted funds 589.235 550,166 TOTAL FUNDS 589.235 550,166 The financial statements were approved by the Board of Trustees and aulhorised for issue on 22 JanLJary 2025 and we signed on its behalf by.. sNd. D9F27U1886DIOS. Mr A R Rizvi- Trustee DDcuSlgn•d by.. C22Et762EFEO46B. Dr S Naqvi - Trustee DcGusn•d W.. C7F328645F9E4Fe Mr S H A Rizvi- Trustee The notes form part of these financial statements Page 7
Docuslgn Envelope ID.. A9F7478E-F45B4C20-9A514B1CA03C45BC mAJLlS-uLAMA-SH1A EUROPE Notes to the Financial Statements for the Year Ended 31 March 2024 ACCOUNTING POLICIES Basis of preparing the financial ststgments The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP IFRS 1021 'Accounting and Reporting by Charib"es'. Slalement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191,, Financial Reporting Stsndard 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 charty has entillemenl to the funds, il is probable that the income will be reiVed and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditu as soon as there is a legal or conslruclive obligation committing the charity lo that expenditure, il 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 acwunted for on an accruals basis and has been classified under headings that aggregate all cost related lo 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 lo conditions which have not been mel al the year end dale are noled as a commitment but not accrued as expenditure. Tanglble flxed assets Depreciation is provided al the following annual rates in order lo write off each asset over its eslimaled useful life. Freehold propety Motor vehicles 2,/0 on cost 330/0 on cost Taxation The charty is exempt from tax on its charitable activities. Fund accounting Unrestricted funds can be used in accordan 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 charty. 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 ststements. Page 8 continued...
Docuslgn Envelope ID.. A9F7478E-F45B4C20-9A514B1CA03C45BC MAJLIS-uLAMA-SH1A EUROPE Notes to the Financial Statements - continued for the Year Ended 31 March 2024 SUPPORT COSTS Information technology Goveman costs Management Totsls Other resources expended General charitable activities 6,000 2.900 12,862 24 18.862 4,907 1,983 8,900 1,983 12,886 23,769 TRUSTEES. REMUNERATION AND BENEFITS There were no Iruslees, remLJneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. Trustees. expenses There were no trustees, expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023. STAFF COSTS The average monthly number of employees during the year was as follows= 2024 2023 Administration No employees reiVed emoluments in eXs$ of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds INCOME AND ENDOWMENTS FROM Donations and legacies 161,106 EXPENDITURE ON Charitable activitie$ General charitable activities 157,154 Other 1,015 Total 158,169 NET INCOME 2,937 RECONCILIATION OF FUNDS Total funds brought fotward 547,229 TOTAL FUNDS CARRIED FORWARD 550,166 Page 9 continued...
Docuslgn Envelope ID.. A9F7478E-F45B4C20-9A514B1CA03C45BC MAJLIS-uLAMA-SH1A EUROPE Notes to the Financial Statements - Continued for the Year Ended 31 March 2024 TANGIBLE FIXED ASSETS Freehold property Motor vehicles Totsls COST At 1 April 2023 Additions 420,000 420.000 1,400 1,400 At 31 March 2024 420,000 1,400 421.400 DEPRECIATION At 1 April 2023 Charge for year 33,600 11,200 33.600 11.662 462 At 31 March 2024 44,800 462 45.262 NET BOOK VALUE At 31 March 2024 375,200 938 376.138 At 31 March 2023 386,400 386,400 DEBTORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Other debtors Prepayments and accrued income 107.000 10,000 7,000 25,000 117,OlXI 32,000 CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Other creditors 1,200 1,200 MOVEMENT IN FUNDS Net movement in funds At 3113124 At 114123 Unrestricted funds General fund 550.166 39.069 589.235 TOTAL FUNDS 550.166 39.069 589.235 Page 10 continued...
Docuslgn Envelope ID.. A9F7478E-F45B4C20-9A514B1CA03C45BC MAJLIS-uLAMA-SH1A EUROPE Notes to the Financial Statements - continued for the Year Ended 31 March 2024 MOVEMENT IN FUNDS- continued Nel movement in funds, included in the above are as follows.. Incoming resources ReSoUS expended Movement in funds Unrestricted funds General fund 119,984 {80,9151 39,069 TOTAL FUNDS 119,984 {80,9151 39.069 Comparatives for movement in funds Net movement in funds At 3113123 At 114122 Unrestrlcted funds General fund 547,229 2,937 550,166 TOTAL FUNDS 547,229 2,937 550,166 Comparative nel movement in funds, included in the above are as follows.. Incoming resources Resou$ expended Movement in funds Unrestricted funds General fund 161,106 1158,1691 2,937 TOTAL FUNDS 161,106 1158,1691 2,937 A current year 12 months and prior year 12 months combined position is as follows.. Net movement in funds At 3113124 At 114122 Unrestrictsd funds General fund 547,229 42,006 589,235 TOTAL FUNDS 547,229 42,006 589,235 Page11 continued...
Docuslgn Envelope ID.. A9F7478E-F45B4C20-9A514B1CA03C45BC MAJLIS-uLAMA-SH1A EUROPE Notes to the Financial Statements - continued for the Year Ended 31 March 2024 MOVEMENT IN FUNDS- continued A current year 12 months and prior year 12 months combined nel movement in funds, incjuded in the above are as follows.. Incoming resources ReSoUrS expended Movement in funds Unrestricted funds General fund 281,090 1239,0841 42,006 TOTAL FUNDS 281,090 1239,0841 42,006 10. RELATED PARTY DISCLOSURES During the year, the charity loaned amount £100,000 to a company in which a trustee is the director12023.' nill- The amount owed at the year end was £100,00012023'. nill. This loan was interest free and repayable on demand. During the year, the trustee donated £3,240 to the charity. 11. POST BALANCE SHEET EVENTS There were no post balance sheet event for the year ended 31st March 2024. Page 12