REGISTERED CHARITY NUMBER: 1187832
REPORT OF THE TRUSTEES AND
- FINANCIAL STATEMENTS (YEAR 2024 25) FOR
MASJID & IMAMBARGAH SHUHDAE KARBALA
MASJID & IMAMBARGAH SHUHDAE KARBALA 383 BARKING ROAD LONDON. E13 8AL www.shuhdaekarbala.org.uk
Contents of the Financial Statements for the Year Ended 30-06-2024
| Page | |
|---|---|
| Chairman's Report | 1 |
| Report of the Trustees | 2 |
| Statement of Financial Activities | 3 |
| Balance Sheet | 4 to 5 |
| Notes to the Financial Statements | 6 to 8 |
| Detailed Statement of Financial Activities | 9 |
CHAIRMAN'S REPORT FOR THE YEAR ENDED 30-06-2024
Our organisation is now well matured and the progress is natural.
We have continued our free food service for the community on Thursdays and have now extended it to cover some Fridays.
Our busiest occasions are Ramadan and Moharram and both events were well.
We thank all the committee members and volunteers for their support.
Yours faithfully,
Y A Shah
(Chairman)
Page 1
TRUSTEE’S REPORT
The trustees present their report with the financial statements of the charity for the period 01-07-2024 to 30-06-2025. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) Accounting and Reporting by Charities issued in March 2005.
INCORPORATION
The charitable company was incorporated on 01-06-2019 and commenced trading on the same date.
STRUCTURE, GOVERNANCE AND MANAGEMENT
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.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
1187832 (England and Wales)
REGISTERED CHARITY NUMBER
1187832
ADDRESS
383 Barking Road London E13 8AL
TRUSTEES
Mr Y Shah Mr S Shah Mr S A Haider Mr H A Shah Mr M A SHAH Mr S M H Shah
APPROVAL
Approved by order of the board of trustees on 28-04-2026 and signed by:
Y A Shah
..........................................................
Mr Y Shah (Trustee & Chair)
Page 2
Statement of Financial Activities for the Year Ended 30-06-2024
| INCOME AND ENDOWMENTS FROM Notes Donations and legacies EXPENDITURE ON Other NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted fund £ 30,514 34,012 (3,498) 104,925 101,427 |
\ Restricted fund £ - - - - - |
Total funds £ 30,514 34,012 (3,498) 104,925 101,427 |
|---|---|---|---|
The notes form part of these financial statements
Page 3
| FIXED ASSETS Notes Tangible assets 3 CURRENT ASSETS Cash at bank and in hand NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS Amounts falling due after more than one year 4 NET ASSETS FUNDS 6 Unrestricted funds TOTAL FUNDS |
Unrestricted fund £ 140,114 4,023 4,023 144,137 (40,315 ) 103,822 |
Restricted fund £ - - - - - - |
Total funds £ 140,114 4,023 4,023 144,137 (40,315) 103,822 103,822 103,822 |
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30-06-2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 30-06-2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for:
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
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continued...
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These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 25-04-2025 and were signed on its behalf by:
Y A Shah
.............................................
Mr Y A Shah (Trustee & Chair)
The notes form part of these financial statements
Page 5
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, 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 Companies Act 2006. 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.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Taxation
The charity is exempt from corporation 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.
Page 6
continued...
2. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30-06-2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30-06-2024.
3. TANGIBLE FIXED ASSETS
| TANGIBLE FIXED ASSETS | ||||
|---|---|---|---|---|
| Improvements | Fixtures |
|||
| to | and | Computer | ||
| property | fittings | equipment | Totals | |
| £ | £ | £ | £ | |
| COST | ||||
| At 01-07-2023 and 30-06-2024 | 121,953 | 14,875 | 3,286 | 140,114 |
| NET BOOK VALUE | ||||
| At 30-06-2024 | 121,953 | 14,875 | 3,286 | 140,114 |
| CREDITORS: AMOUNTS FALLING | DUE AFTER MORE THAN ONE YEAR | |||
| £ | ||||
| Bank loans (see note 5) | 24,942 | |||
| LOANS | ||||
| An analysis of the maturity of loans is | given below: | |||
| £ | ||||
| Amounts falling due between two and five years: | ||||
| Bank loans - 2-5 years | 24,942 | |||
| MOVEMENT IN FUNDS | ||||
| Net | ||||
| movement | At | |||
| At 01.7.24 | in funds | 30.6.2025 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 103,822, | (1,692) | 102,130 | |
| TOTAL FUNDS | 103,822 | (1,692) | 102,130 |
4. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
5.
6. MOVEMENT IN FUNDS
Page 7
continued...
6. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 32,320 | (34,012 ) | (1,692) |
| TOTAL FUNDS | 32,320 | (34,012 ) | (1,692) |
7. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30-06-2024.
Page 8
| INCOME AND ENDOWMENTS Donations and legacies Donations Total incoming resources EXPENDITURE Other Niyaz Niyaz Ramadan (exta) Imam fees Moharam expenses Cleaning Support costs Management Insurance Light and heat Total resources expended Net expenditure |
£ 32,320 32,320 4,145 1,950 15,810 4,280 745 26,930 540 6,542 7,082 34,012 (1,692) |
|---|---|
This page does not form part of the statutory financial statements
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