Annual Accounts Report for Anjuman-e-Dar-e-Zahra
For the Financial Period Ending 31December 2024
Executive Summary
This report provides an overview of the financial activities and position of Anjuman-e-Dar-e-Zahra for the financial period ending 31 December 2024. The charity has continued to focus on its mission to provide space for holding gatherings to the local Shia community within Huddersfield , and this report reflects the financial outcomes of our efforts.
Financial Statements
Statement of Financial Activities
The Statement of Financial Activities (SOFA) provides a summary of the charity’s income and expenditure for the year.
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Total Income: £1,808.17
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Total Expenditure: £1,461.76
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Net Movement in Funds: £346.41
Balance Sheet
The Balance Sheet provides a snapshot of the charity’s financial position at the end of the financial year.
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Total Assets: £346.41
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Total Liabilities: 0
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Net Assets: £346.41
Income
All of our income received this period was from donations by the members of the local Shia Muslim community.
Expenditure
Our expenditure for the period is broken down as follows:
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Council Tax: £895.01
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Insurance: £100.80
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Utility Bills: £209.10
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Repairs & Maintenance: £256.85
Reserves Policy
Anjuman-e-Dar-e-Zahra maintains a reserves policy to ensure stability and sustainability. As of the end of the financial period, the charity holds reserves amounting to £ 346.41 which is 2 months of operating expenses.
Trustees' Report
The trustees of Anjuman-e-Dar-e-Zahra are pleased to report on the achievements and financial position of the charity for the period ending 31 December 2024. Despite the challenges of being a new organisation faced, the charity has made significant progress and has successfully arranged multiple gatherings for the local Shia Community. We have also explored the possibility of arranging weekend classes for children from the local Shia community focusing on the holy Quran and the teachings of Ahlulbait.
Structure, Governance, and Management
Anjuman-e-Dar-e-Zahra is governed by a Board of Trustees who are responsible for setting the strategic direction and ensuring the charity operates within legal and regulatory frameworks.
Achievements and Performance
Since our Charity registration in October 2023, Anjuman-e-Dar-e-Zahra has arranged over 25 gatherings including separate gatherings for men and women. These accomplishments have been made possible through the generous support of our donors and the dedication of our volunteers.
Conclusion
In conclusion, Anjuman-e-Dar-e-Zahra has successfully navigated the financial challenges of the past year and remains committed to its mission of providing space and a platform to the local Shia community to work together in helping each other as well as celebrating the birth anniversaries and commemorating the death anniversaries of the Holy Prophet and his progeny. We extend our heartfelt gratitude to all our supporters and look forward to another year of impactful work.
Contact Information
For any questions or additional information regarding this report, please contact us at anjumanedarezahra@outlook.com
Income Statement
From To Income Donations- Unrestricted Donations- Restricted Interest Income Total Income [42] Expenses Rent Electricity & Gas Water Charges Council Tax Repairs & Renewals Equipments Insurance Total Expenses Net Income Before Taxes Income tax expense Operating Surplus / (Deficit) {42} Below-the-Line Items Effect of accounting changes Extraordinary items Net Surplus / (Deficit)
YTD 10/1/2023 12/31/2024
£1,808 £0 £0 £0 £1,808 £0 £0 £209 £895 £257 £0 £101 £0 £0 £1,462 £346 £0 £346 £0 £0 £346
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Balan
Assets
Current Assets
Fixed Assets
Other Assets
Total Assets
[42]
Liabilities
Current Liabilities
Long-Term Liabilities
Net Assets
Represented by:
Reserves
Total Reserves
Check
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| nce Sheet | |
|---|---|
| Date: | 12/31/2024 |
| Bank | £346 |
| Debtors | £0 |
| Investments | £0 |
| Prepayments | £0 |
| Total current assets | £346 |
| Fixed Assets | £0 |
| Total fxed assets | £0 |
| Total Other Assets | £0 |
| £346 | |
| Creditors | £0 |
| Accruals | £0 |
| Tax Liability | £0 |
| Total current liabilities | £0 |
| Loan | £0 |
| Total long-term liabilities | £0 |
| £346 | |
| Restricted Reserves | £0 |
| Unrestricted Reserves | £0 |
| P&L for the period | £346 |
| £346 | |
| £0 |