2021-12-31-accounts - Khoja Shia Ithna-Ashri (South London) Jamaat

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Contents		Page
Charity information
Report ofthe managing	trustees	4-7
Independent auditors'	report to the trustees	8-12
Statement offinancial	activities	13
Statement offinancial	position	14
Cash flow statement		15
Notes to the financial statements		16-25

Governing		Document	The Constitution
Nlanaging		Trustees
President			Dr Hassanali Dewji
Vice President			Mohsin Asaria (elected 25Jul 2021)
Secretary			Sajjad Kara (elected 25 Jul		2021)
Assistant	Secretary		Sister Zahira Dewji (elected 25 Jul 2021)
Treasurer			Salim Master
Assistant	Treasurer		Bakerali Alidina (elected 25 Jul 2021)
Mukhi			Mohib Rajwani (elected 25		Jul 2021)
Assistant	Mukhi		Abbas Kara (elected	25Jul	2021)
Trustee			Zishaan Moledina
Trustee			Sister Sukaina Rajwani (elected 25Jul 2021)
Nominated		Trustee	Sister Shahida Alidina	(elected 25Jul 2021)
Nominated		Trustee	Sister Sajida Hassam	(elected 25 Jul 2021)
Vice President			Bakerali Alidina (resigned 25Jul 2021)
Secretary			Mohsin Asaria (resigned 25Jul 2021)
Assistant	Secretary		Hassnein Khaki (resigned 25 Jul 2021)
Assistant	Treasurer		Sister Gulzar Dewji (resigned 25 Jul 2021)
Mukhi			Abbas Panjvani (resigned 25 Jul 2021)
Trustee			Aliraza Janmohamed	(resigned 25Jul 2021)
Trustee			Mariam Hassam (resigned		1 May 2021)
Registered		Address	Hyderi Islamic Centre
			26 Estreham Road
			London
			SW165PQ
Bankers			HSBC
			117Balham High Road
			London
			SW12 9AS
Auditors			Brian Paul Limited
			Chase Green House
			42 Chase Side
			Enfield
			Middlesex
			EN2 6NF
Solicitors			Vyman Solicitors
			Vyman House
			104College Road
			Harrow
			HA1 1BQ

					Unrestricted	Restricted	Total Funds	Total Funds
				Notes	Funds	Funds	2021	2020
								Restated*
								6
Income
Voluntary income					356,697	1,160,661	1,517,358	3,587,012
Fundrasing income					16,222		16,222	2,406
Investment income					90,076		90,076	93,880
Charitable activities income					289,045		289,045	301,438
Total income					752,040	1,160,661	1,912,701	3,984,736
Expenditure
Fundraising costs					7,244		7,244	1,631
Investments management costs					7,265		7,265	7,842
Charitable activities costs					556,389	292,375	848,764	631,013
Governance costs					24,791		24,791	43,569
Total expenditure				6	595,689	292„375	888,064	684,055
Net income					156,351	868,286	1,024,637	3,300,681
Net loss on disposal of investment		properly		19	(10,000)		(10,000)
Realised on sale of investment properly				19	369,503	(369,503)
Net movement in funds					515,854	498,783	1,014,637	3,300,681
Funds brought forward at the	start	ofthe year**			1,617,211	5816437	7,433,648	4 132967
Funds carried forward at the end		ofthe year		19	2,133,065	6,315,220	8,448,285	7,433,648
*Restated as detailed in note	6.
These have been restated to reflect a reclassification			offunds.

				Notes	2021	2021	2020	2020
Fixed assets
Tangible assets				7	7,619,824		5,792,409
Investments				8	1,880,101		2,590,101
Total fixed assets						9,499,925		8,382,510
Current assets
Stock				9	832		3,129
Debtors				10	17,988		30,168
Cash at bank	and in hand			11	819,062		300,206
Total current	assets				837,882		333,503
Liabilities
Creditors: amounts		falling	due within one year	12	(120,324)		(36,737)
Net current	assets					717,558		296,766
Total assets	less cunant		liabilities			10,217,483		8,679,276
Creditors: amounts		falling	due after more than one year	13		(1,769,198)		(1,245,628)
Net assets				19		8,448,285		7,433,648
The funds ofthe charity
Unrestricted	funds
General funds				14	2,133,065		1,617,211
						2,133,065		1,617,211
Restricted funds
Designated funds				15	5,054,984		4,218,586
Burial fund				16	205,390		188,635
Revaluation	reserve			17	1,015,687		1,385,190
Others				18	39,159		24,026
						6,315,220		5,816,437
Total charity	funds			19		8,448,285		7,433,648

THE KHOJA SHIA ITHNA-ASHRI	THE KHOJA SHIA ITHNA-ASHRI	THE KHOJA SHIA ITHNA-ASHRI	(SOUTH LONDON ) J	(SOUTH LONDON ) J	(SOUTH LONDON ) J	AMAAT (HYD	ERI IS	LAMIC CENT	RE)
CASH FLOW STATEMENT FOR			THE YEAR ENDED 31			DECEMBER	2021
				Notes		2021	2021		2020
Cash flows from operating	activities				6	6
Net movements in funds						1,014,637			3,300,681
Adjustments for:
Investment income				4	(90,021)			(93,687)
Interest income				4		(55)		(193)
Depreciation oftangible fixed	assets			7	19,039			15,053
Realised loss on disposal of	investment	properly		8	10,000
Decrease/(Increase) in stock				9		2,297		(3,129)
Decrease/(Increase) in debtors				10	12,180			(24,768)
Increase in creditors								1,098,109
Net cash inflow from operating activities						(939,403)			991,385
Cash flows from investing	activities
Investment income				4	90,021			93,687
Interest income				4		55		193
Purchase oftangible fixed assets				7	(1,846,454)			(4,536,028)
Sale ofinvestment property				8	700,000
Net cash (oufflow)/infiow from investing			activities			(1,056,378)			(4,442,148)
Cash flows from financing	activities
Bankloan				12/13	1,500,000
Net cash inflow from financing activities						1,500,000
Change in cash and cash equivalents		in	the year			518,856			(150,082)
Cash and cash equivalents at beginning		of	the year			300,206			450,287
Cash end cash equivalents	at end of	the	year			61S,OS2			300,206

	NOTES TO THE FINANCIAL	STATEMEN	TS FOR THE	YEAR END'ED 31 D	ECEMBE	R 2021
				Unrestricted	Restricted	Funds	Total Funds	Total Funds
				Funds			2021	2020
2	Voluntary income			8			8	6
	General Funds			80,337			80,337	57,185
	Nyaz 5 Ma/lises			14,173			14,173	5,223
	Ahl-ul-8 aft (AS)			18,435			18,435	11,882
	Gift aid tax income			154,364			154,364	180,888
	Pioneer place donations'					836,398	836,398	2,972,789
	Special activities income			34,500			34,500	5,260
	Bunal subscnptions					39,660	39,660	49,580
	Religious/relief activities					284,603	284,603	260,172
	Announcements			620			620	2,225
	Subscriptions received			54,268			54,268	41,828
				356,697	1,180,661		1,517,358	3,587,012
	*during the year 835kwas refunded	to members whose loans had been		mcorrectly recorded as donations
3	Fundrasing income							Restated
	Fundraising income			13,579			13,579
	Special activities'			640			640	480
	Shop income/canteen			233			233	1,551
	Letting/hire income			1,770			1,770	375
				16,222			16,222	2406
	*2020figures have been reclassified	from Chantable	acBviies
4	Investment Income
	Interest received			55			55	193
	Rental income			90,021			90,021	93,687
				90,076			90076	93880
5	Charitable activities income							Restated
	Fees received			136,508			136,508	112,762
	Grants received			137,149			137,149	136,972
	Job Retention Grants*			15388			15388	51 704
				289,045			289,045	301,438

					Unrestricted		Restricted	Funds
					Direct	Support			Total	Total
6	Total expenditure				costs	costs		Total	2021	2020
	Charitable activities costs				E	E	5		E	E
	- Religious activities				371,257	74,674		292,375	738,308	267,702
	- Nyaz &Majlises				32,861				32,861	7,121
	-Secular education				68667	8 93D			77597	112943
					472,785	83,604		292,375	848,764	387,766
	Fundraising costs				7,244				7,244	1,631
	Investments managemeiit			costs	7,285				7,265	7,842
	Governance costs				24,791				24,791	43,569
					512,085	83,804		292,375	888,064	440,808
									2021	2020
6a	Support costs								E	F.
	Heat, tght &water								29,657	9,954
	Rates								5,709	45
	lnsufarioes								9,948	7,598
	Repairs &maintenance								7,392	14,259
	Toys/activities								1,188	451
	Food								1,806	1,91/
	Telephone/broadband								1,628	1,464
	SMS								28D	700
	Postage								23	326
	Stationery								465	534
	pnnting/photocopying								1,034	619
	Books								120	20D
	Website								451	596
	Depremation								19,039	15,053
	Bank charges								432	1,261
	Card charges								4,432	3,406
									83,604	58,383
										Restated
									2021	2020
Bb	Staff costs'
	Salaries and wages								206,195	171,549
	PAYE/Employer	Nl							7,773	4,947
	Pension contnbutions								3.223	2,339
									217,191	178,835
	Staff Numbers
	The average monthly		number of employees						2021	2020
	Management								2	2
	Preaching &Lecturing									1
	Nursery Staff								14	14
									16	17

					2021	2020
6c	Governance	costs			E	E
	Legal/professional		fees		20,495	37,042
	Audit &accountancy			costs	3,426	3,000
	Subscriptions	paid			870	3,527
					24,791	43,569

7	Tangible fixed assets
		Assets
		under	Freehold	Leasehold	Fixtures &	Motor
		construction	Properties	Land	Equipment	Vehicles	Total
	Costorvaluation:
	As at 1 January 2021		5,602,158	259,600	374,742	5,571	6,242,071
	Additions	137,243	1,685,710		23,501		1,546,454
	As at 31 December 2021	137,243	7,287,868	259,600	398,243	5,571	8,088,525
	Depreciadon:
	As at 1 January 2021			112,200	337,276	186	449,662
	Charge for the year			5,500	12,193	1,346	19,039
	As at 31 December 2021			117,700	349,469	1,532	468,701
	Net BookValue:
	As at 31 December 2021	137,243	7,287,868	141,900	48,774	4,039	7,619,824
	As at 31 December 2020		5,602,158	147,400	37,466	5,385	5,792,409
8	Fixed asset investments					2021	2020
						6	5
	Fixed asset investments					2,590,000	2,590,000
	Disposal					(700,000)
	Realised on disposal					(10,000)
						1,880,000	2,590,000
	Other investments
	Hyderi Nursery Ltd					100	100
	Hyderi Islamic School					1	1
	Market value at 31 December					1,880,101	2,590,101
9	Stocks					2021	2020
						6	6
	Opening balance					3,129
	Additions during the year					1,066	6,888
	Used during the year					(3,363)	(3,759)
	Closing balance					832	3,129
10	Debtors					2021	2020
						6	f
	Recoverable gift aid					16,036	26,018
	Other Debtors						2,200
	Prepayments and accrued income					1,950	1,950
						17,988	30,168

11	Cash and Bank		2021	2020
			f
	Current and deposit accounts		818,565	299,762
	Petty cash		497	444
			819,062	300,206
12	Creditors: Amounts within one year	falling due	2021 f	2020 F
	Taxation and social security		5,383	2,818
	Accrued expenses		5,738	11,784
	Other creditors		39,448
	Deferred Income		32,153	16,635
	Bank loan		32,102
	SCI Funerals Limited	(Note 13)	5,500	5,500
			120,324	36,737
13	Creditors: Amounts after more than one	falling due year	2021 f	2020 f
	SCI Funerals Limited
	Balance at 1 January		113,800	126,900
	Payments in the year		(11,000)	(13,100)
	Balance at 31 December Less: Due within one year (Note 12)		102,800 ~5,500	113,800 5, 00)
	SCI Funerals Limited	balance	97,300	108,300
	Bank loan		1,467,898
	Other creditors*		204,000	1,137,328
	Balance due after more than one year at 31 December		1,769,198	1,245,628

			Balance	Income	Expenditure	Realised	Balance
14	General funds		01.01.2021				31.12.2021
			E	E	E	E
	Balances at	1 January 2021	1,617,211	752,040	(595,689)	359,503	2,133,065
			1,617,211	752,040	(595,689)	359,503	2,133,065
				Freehold	Investment	Fixtums 8
15	Designated	fixed asset fund		properties	properties	Fittings	Total
				E	E	6	E
	Balances at	1 January 2021		3,894,304	224,451	99,831	4,218,586
	Pioneer Piece donations			836,398			836,398
	Balance at	31December 2021		4,'730,702	224,451	99,531	5,054,964
16	Burial fund					2021	2020
						E	E
	Balances at	1 January 2021				188,635	165,607
	Received during the year					39,660	49,580
	Payments during the year
						205,390	188635
17	Revaluation	reserve			Balance	Realised	Balance
					01.01.2021		31.12.2021
					E	E	E
	Investment	properties			1,385,190	(369,503)	1,015,687
					1,385,190	(369,503)	1,015,687

	NOTES TO THE FINANCIAL STATEMEN	TS FOR THE YEAR ENDED 3	1 DECEM	BER 2021
18	Restricted funds - Others	Balance			Balance
		01.01.2021	Income	Expenditure	31.12.2021
		8	6	6	6
	Hyderi - Internal
	Ghusal Kafan	9,402	1,514	(595)	10,321
	Sports —Gents	284	930	(924)	290
	Sports - Ladies	(1,035)	1,035
	Madresse	2,620	2,211		4,831
	Tablet project	(4,833)	16,479	(26,630)	(14,984)
	Covid Fund	2,090	3,275	(5,365)
	Funeral Service	(1,554)	29,205	(21,612)	6,029
	Total - Internal	6,964	54,649	(55,126)	6,487
	External
	Global walk		1,392	(1,392)
	Majlis e Ulema		2,500	(2,500)
	Afghan refugees		275	(275)
	Ramadhan relief	1,844			1,844
	Al Ayn	1,087			1,087
	AAWA		1,790	(1,790)
	Fidya		1,562	(1,562)
	Fitra		3,558	(3,558)
	Kaffara		20	(20)
	Khums - Sehme Imam**		125,233	(117,180)	8,053
	Khums - Sehme Sadaat	9,475	75,907	(78,329)	7,053
	Poor, Widows & Orphans	766	150		916
	Radde Mazallim		25		25
	Welfare Fund/Sadqa	3,890	12,542	(2,738)	13,594
	WF Aid		5,000	(5,000)
	Total - External	17,062	229,954	(214,344)	32,672
	Total Others	24,026	284,603	(269,470)	39,159
	Burial Fund	188,635	39,660	(22,905)	205,390
	Total Restricted Funds	212,661	324,263	(292,375)	244,549

	NOTES TO THE FINANCIAL STATEMENTS	NOTES TO THE FINANCIAL STATEMENTS	FOR THE YEAR END	ED 31DE	CEMBER	2021
19	Analysis ofnet assets between funds
			General	Designated	Rastdictad	Total
			Funds	Funds	Funds	Funds
			E	E	4	E
	Fund balances	at 31 December 2021
	represented by:
	Total fixed assets		2,133,065	5,054,984	1,015,687	8,203,736
	Net current assets				244,549	244,549
			2,133,065	5,054,984	1,260,236	8,448,285

Analysis of	Analysis of	net assets between funds	aalance	Income	Expenditure	Realised	Balance
			01.01.2021				31.12.2021
			E		E	E	E
Unrestricted		Funds
Designated	Funds
General Funds			1,617,211	752,040	595689)	359,503	2,133,065
			1,617,211	752,040	(595,689)	359,503	2,133,055
Restricted	Funds
Fixed Assets		Funds'	4,218,586	836,398			5,054,984
Others			24,026	284,603	(269,470)		39,159
Burial Fund			188,635	39,660	(22,905)		205,390
Revaluation		reserve	1,385,190			(369,503)	1,015,687
			5,816,437	1,160,661	(292,375)	(369,503)	6,315,220
Total Funds			7,433,648	1,912,701	888 064	10,000)	8,448,285