CHARITY REGISTRATION NUMBER: 1194272
ANNUAL REPORT FOR THE YEAR ENDING 31[ST] MARCH 2022
From the Trustees
Bismillahir Rahmanir Rahim "In the name of Allah, the Most Gracious the Most Merciful, May the peace, blessings and mercy of Allah be upon you and your family”.
Introduction
The Charity was incorporated as a CIO (Charitable Incorporated Organisation) on 29 April 2021. The Charity was incorporated as the CIO that would be the successor to ‘The Shropshire Islamic Foundation’ which is registered at the Charity Commission with Charity Registration Number of 1112127. Whilst the incorporation process has been completed, legal advice obtained has indicated that the full undertaking of the unincorporated SIF cannot be transferred to the CIO until such time as all assets are transferred – in particular the properties at Tan Bank and King Street – the latter of which is likely to involve an application to the Court. Therefore, the necessary legal work is being undertaken to complete the asset transfers. It is planned that the legal process will be completed in time for next year’s annual report. Please see Trustees Annual report filed under charity 1112127 filed for the year ending 31 March 2022 for further details and information.
For now therefore for the reporting year, the Charity has had no financial activity, there have been no transactions such as deposits or withdrawals during the period, as confirmed by the auditor’s report (see below).
Financial Statement and Annual Accounts
Auditors: Bagri & Co Accountants (part of APEX Accounts) serve as auditors for the charity. Please see the report and accounts attached herewith.
- Appendix Structure, Governance and Management
Governing instrument
The Charity is a CIO governed by a Constitution of a Charitable Incorporated Organisation dated 21 April 2021.
About the Trustees
The Trustees are legally responsible for ensuring that the charity works towards its Charitable Objectives. There are three trustees. They are all volunteers with expertise and experience in a range of fields ensuring that the members reflect the breadth of knowledge required. Brief biography of the trustees is below.
Rashid Hussain - Chair
BSc (Hons) Real Estate Management
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A local property developer and leading community member. He grew up in Wellington and is therefore close to the community and is the local contact person for volunteers. His experience of property development and many trade contacts has hugely benefited the Masjid.
Shahad Amin – ACCA, BA (Hons) Accounting & Finance Shahad is a Chartered Accountant and Finance Manager working for a large and complex multinational corporation (£200m+ sales revenue). He has extensive Financial Management experience and technical knowledge gained throughout his career. For the past several years, Shahad has served as volunteer Assistant Treasurer, helping Dr Shaukat Ali, principally with gift aid claims and dealing with HMRC.
Mohammed Ahsan – LLB (Hons)
Ahsan is a Partner and Head of Litigation in Shropshire at a local law firm.
A Wellington local, Ahsan gained his A levels at New College and went on to study law at the University of Wolverhampton. He completed his legal training with a firm in Telford. Over the course of 16 years since his qualification as a Solicitor, he has developed a specialism in commercial litigation with a particular emphasis on property and trusts litigation.
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The Shropshire Islamic Foundation Registered NUrnr 1194272 Charity Corres[denl SHROPSHIRE ISLAMIC FOUNDATION B8- 90 KING STREET WELLINGTON TELFORD SHROPSHIRE TF1 1NZ ACCOUNTS FOR THE YEAR ENDED 31 March 2022 84Ti & Co. 1st Floor PrK)rslee Local Centre Priorslee Avenue Telford TF2 9NR
Shro shire Islamic Foundation ACCOUNTS FOR THE YEAR ENDING 31 March 2022 ACCOUNTANTS REPORT The annexed accounts have been tsken from tho books. records and vouchers supplied to Us., there were no discrepanoe$ found and in my opinion refleot a irue and fair view ol the Ilnancial affairs of the Shropshire Islamic Foundation ftjr the year to 31 March 2022. Bagrl & Co., Aecountants For & on bghatf of Shrop8hlr• l$almlc FoundatloTh
Shropshiro Islamic Foundatlon INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 March 2022 Incomo 022 2021 Donations School Fees Gift Aid Other Income ExpendltUT• Wages G¢neral fyxpenses Legal & Professional Bank charges Donations (Filranal Net movement of fvnds 0.00
Shr(whiTr l¥LAmit F(bundatirJn 2022 Flx•d Current awls: Bank Li•bllbtl••'. N•t rrent•I Loini N•t a¢ C•pltal Iccount eolw*• 29th 2021 Inw