2024-03-31-accounts

SHIA JAFRI MASHAYAKHI MOMIN JAMAAT LONDON

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

Charity no: 1178490

SHIA JAFRI MASHAYAKHI MOMIN JAMAAT LONDON Annual Report of the Trustees for the year ended 31 March 2024

CONTENTS	PAGE
Annual report of the trustees	1 - 4
Independent Examiner’s Report	5 - 6
Receipts and Payments statement	7
Statement of Assets and Liabilities	8
Notes to the Financial Statements	9

SHIA JAFRI MASHAYAKHI MOMIN JAMAAT LONDON Report of the Trustees for the year ended 31 March 2024

The trustees present their report with the annual report and financial statements of the charity for the year ended 31 March 2024.

REFERENCE AND ADMINISTRATIVE DETAILS

Charity No. 1178490

Principal Office

1030 Green Lane Dagenham RM8 1BT

Board of Trustees

The following trustees served during the year:

Mr. Ahesanali Inayabhai Momin Mr. Anwarhusain Gulamsabir

Mr. Imdadali Mikdadali Momin Mr. Mohamedtaqi Ibrahim Momin

Mr. Mohamedali Gulamosabir Mr. Nazar Mohemed Serali Miss. Shahin fatema Gulamo sabir

Independent Examiner

Mr. Mohsin Usmangani Patel (FCCA, FMAAT)

TAXCA ACCOUNTANTS LTD Chartered Certified Accountants 353 High Street North, Manor Park E12 6PQ

1

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

Shia Jafri Mashayakhi Momin Jamaat London is a Charitable Incorporated Organisation (CIO) registered with the Charity Commission on 22 May 2018 under charity number 1178490. It is governed by deed of trust.

Organisational structure

The charity trustees are responsible for the overall management and control of the Charity. The trustees give their time freely and receive no remuneration or other financial benefits. The Trustees meet together regularly and are responsible for all decisions taken in relation to running the activities provided by the charity.

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.

OBJECTIVES AND ACTIVITIES

Objectives and aims

1. To advance in life and relieve needs of young people through:

2. a) the provision of recreational and leisure time activities provided in the interest of social welfare, designed to improve their conditions of life;

3. b) providing support and activities which develop their skills, capacities and capabilities to enable them to participate in society as mature and responsible individuals;

4. 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 Jafri school of thought;

5. 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.

ACHIEVEMENTS AND PERFORMANCE

In February 2023, Charity sold the property as it was not granted licence to carry out the activities it intends. Currently it rents a hall where it has been actively involved in educational activities for children and adults. The charity has held various activities on the online platform.

The charity had to carry out refurbishment works to the toilet and boiler. The number of members were increasing at the centre therefore it had to extend the number of toilets. Also, it had to carry out repair works on the boiler.

2

PUBLIC BENEFITS STATEMENT

The trustees have considered the general guidance on public benefit issued by the Charity Commission and have 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

Reserves are needed to bridge the gap between the spending and receiving of income and to cover unplanned emergency repairs and other expenditure. The charity donations from its members and public were £35,975 (2023 £33,336). All the donations raised were general funds for the activities of the charity. During the year, the expenditure totalled £18,343 (2023 £21,526) including £2,950 for costs of refurbishment. The charity has unrestricted cash funds in reserve of £255,241 (2023 £237,610) at the end of the period. The trustee has 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.

STRUCTURE, GOVERNANCE AND MANAGEMENT

The charity is controlled by its governing document, as deed of trust and constitutes an incorporated.

Recruitment and appointment of trustees

A new Trustee may be appointed by a resolution of Trustees recorded in the minutes and signed by the new Trustee and such record shall be conclusive evidence of his appointment

Statement of trustees' responsibilities in relation to the financial statements

The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The trustees are responsible for keeping proper accounting records that 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 applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Trustees are responsible for keeping proper accounting records that 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 applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities

3

Further Developments

Purchase Property

It has been an aim of the Charity to be able to conduct its activities from its own premises. The charity is searching for property to buy.

Signed on behalf of the charity's trustees

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ANWARHUSAIN GULAMSABIR

4

Independent Examiner's Report to the Trustees of SHIA JAFRI MASHAYAKHI MOMIN JAMAAT LONDON

I report to the trustees on my examination of the financial statements of SHIA JAFRI MASHAYAKHI MOMIN JAMAAT LONDON for the year ended 31 March 2024

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year (under Section 144(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is required.

It is my responsibility to:

• examine the accounts under Section 145 of the 2011 Act

• to follow the procedures laid down in the General Directions given by the Charity Commission (under Section 145(5)(b) of the 2011 Act); and

• to state whether particular matters have come to my attention.

Basis of the independent examiner's report

My examination was carried out in accordance with the General Directions given 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 you as 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 statements below.

Independent examiner's statement

I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe:

• accounting records were not kept in accordance with section 386 of the 2006 Act ; or

• the financial statements do not accord with those records; or

• the financial statements do not comply with the accounting requirements under section 396 of the 2006 Act other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination; or

• the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland.

5

Independent Examiner's Report to the Trustees of SHIA JAFRI MASHAYAKHI MOMIN JAMAAT LONDON (Cont’d)

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 financial statements to be reached.

_________

Independent Examiner

Mr. Mohsin Usmangani Patel (FCCA, FMAAT)

TAXCA ACCOUNTANTS LTD Chartered Certified Accountants 353 High Street North, Manor Park E12 6PQ

6

SHIA JAFRI MASHAYAKHI MOMIN JAMAAT LONDON RECEIPTS AND PAYMENTS STATEMENT FOR THE YEAR ENDED 31 MARCH 2024

		Unrestricted	Restricted	Total	Last year
		Funds	Funds	Funds
		2024	2024	2024	2023
	Notes	£	£	£	£
Receipt
Donations – Member		34,717	-	34,717	33,336
Donations – Public		1,258	-	1,258	1,428
Total		35,975	-	35,975	34,764
Asset and Investment sale
Property		-	-	-	122,861
Loans
Repayment Loan from Momin		-	-	-	20,000
Community Centre
Total Receipts		35,975	-	35,975	177,625
Payments
Hall Hire		11,000	-	11,000	8,500
Utilities		106	-	106	476
Premises		2,950	-	2,950	-
Bank Loan Repayment		-	-	-	7,865
Professional Fees		-	-	-	950
Salaries	3	3,207	-	3,207	2,952
Food		1,080	-	1,080	395
Business Rates		-	-	-	389
Total Payments		18,343	-	18,343	21,527
Net of receipt/(payments)		17,632	-	17,632	156,098
Cash funds last year end		237,610	-	237,610	81,512
Cash funds this year end		255,242	-	255,242	237,610

7

SHIA JAFRI MASHAYAKHI MOMIN JAMAAT LONDON STATEMENT OF ASSETS AND LIABILITIES AS AT 31 MARCH 2024

		Unrestricted	Restricted	Total	Last year
		Funds	Funds	Funds
		2024	2024	2024	2023
	Notes	£	£	£	£
Current Asset
Bank		255,241	-	255,241	237,610

The financial statements were approved by the Board of Trustees on 20 May 2025 and were signed on its behalf by

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ANWARHUSAIN GULAMSABIR

8

NOTES TO THE ACCOUNTS

Accounting policies and Notes

1. Basis of preparation

The financial statements have been prepared under the Receipts and Payments method as the charity gross income is less than £250,000 and is not a company.

Fund structure

Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity. Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.

2. Expenditure

Recognition of Expenditure is recognised on a payment basis. expenditure Expenditure on These comprise the costs incurred by the Charity in the delivery of its charitable activities and services in the furtherance of its objects, including Eid Food activities expenses. Other expenditure These are support costs not allocated to a particular activity.

3. Staff costs

3. Staff costs
	2024	2023
Salaries and wages	£3,207	£2,952

No employee during the year received or get paid by SHIA JAFRI MASHAYAKHI MOMIN JAMAAT LONDON more than £60,000.

9

SIGNATURE CERTIFICATE

Document

Name SHIA JAFRI MASHAYAKHI MOMIN JAMAAT LONDON - Accou Creator Muhammad Taha ([e-mail]) Date 21 May 2025 8:42:26 UTC Identifier 17f1f33e-402e-4518-a667-6dd95f9bb966

Signers

Mohsin Patel

E-mail [e-mail] Signed 21 May 2025 18:51:45 UTC IP address 149.34.157.35

[e-mail]

E-mail [e-mail] Signed 22 May 2025 9:24:21 UTC IP address 92.40.179.90