2022-12-31-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		16-26

			Unrestrloted	Restricted	Total Funds	Total Funds
		Notes	Funds	Fuit tie	2022	2021
Income
Voluntary income			193,124	602,049	795,173	1,517,358
Fundrasing income			121,375		121,375	16.222
investment income			115,894		115,694	90,076
Charitable activities income			291,098		291,098	289,045
Total income			721,491	602,049	1,323,540	1,912,701
Expenditure
Fundraising costs			1,603		1,803	7,244
Investments management costs			8,244		8,244	7,265
Chantable acbvltles costs			704,577	177,662	882,239	848,764
Governance costs			20.027		20,027	24,791
Total expenditure		6	734,461	177,862	912,113	888,064
Net income			(12,960)	424,387	411,427	1,D24,637
Transfers between funds				14,964	14,984
Nat loss on disposal ofinvestment	property					(10,000)
Net movement In funds			(12,960)	439,371	428,411	1,014,637
Funds brought forward at the start	ofthe year		2,133.D65	6,315.220	8,446,285	7.433,848
Funds oarrled forward etthe end ofthe year		19	2,120,106	6,754,591	8,874,886	S,448 285

				2022	2022	2021	2021
Fixed assets
Tangible assets			7	7,868,509		7.619.824
Investments			8	1,880,101		1,880,101
Total fixed assets					9,?46,610		9.499.925
Current assets
Stack			9	1,411		832
Debtors			10	329,474		17,988
Cash at bank	and	in hand	11	452 760		819.062
Total current	assets			783,645		837,882
Liabilities
Creditors amounts		falling due within one year	12	!156,114)		(12D,324)
Not ovivant assets					627,831		717,558
Total assets	less	currant gabgltles			10,376,141		ID,217,483
Creditors: amounts		fsfiing due afier more than one year			(1,501,445)		(1,769.198)
Not assets			19
Tli~ fvitde of	tile	ohsdty
ifnrestrlcted	funds
General funds			14	2,120,105		2,133,065
					2,120,105		2.133,D65
Restricted funds
Designated funds			15	5,443,011		5,054.984
8unal fund			16	246,933		205.390
Revaluation reserve			17	1,015,687		1,015,687
Others			18	48,960		39,159
					6,764,591		6,315,220
Tote I charity	funds		19

								2022	2022	2021	2021
Cash flows trom operating		activities									2
Net movements m funds									426,4'It		1 014,637
Ad/ustments for.
Investment mcome							4	(115,825)		(90,021)
Interest income							4	(69)		(55)
Depreciation oftangible fixed		assets					7	26,761		19,039
Realised loss on disposal of (Increase)/Decrease in stock		investment			property		8'9	(579)		10,000 2,297
(Increase)/Decrease in debtors							10	(311,486)		12,160
(Increase) in creditors
Net cash Inflew fmm operating			sotlvidss						(648,766)		(939,403)
Cash flaws fram investing		aotlvitles
Investment income							4	115.825		90.021
Interest income							4	69		55
Purchase oftangible fixed	assets						7	(275 447)		(1,846,454)
Sale of Investment property							8			700,000
Net cash (outnow)/inflow	fram		Investing			activities			(159,553)		('1.056,378)
Dash ttows from flnanolng			ootlvNes
Bank loan							13	15,595		1.500.000
Net cash inflow from financing				aotivities					16.595		1,500,000
Change In sash and sash	equivalents				In	the year			(388,302)		518,856
Cash snd cash equivalents	at beginmng				of	the year			819.062		300,206
Cash snd sash equivalents		st	end	of	the	year					819,062

	NOTES TO THE FINANCIAL STATEMEN	TS FOR THE YEAR ENDED 31	DECEII/IB	ER 2022
		Unrestrlemd	Restrloted	Total Funds	Total
		Funds	Funds	2022	Funds 2021
2	Voluntary Income	8		6
	General Funds	48,608		48,808	80,337
	Nyaz & Majlrses	8.771		8,771	14,173
	Ahl-ul-Bayt (A Sj	13,732		13,732	18,435
	GiR aid mx income	60.320		60,320	154,364
	Pioneer piece donations		388,027	388,027	836,398
	Spopal activities income	11,915		11,915	34.500
	Burial subscnptions		48,345	48,345	39.660
	Religious/relief activRies		165,677	165,677	284,603
	Announcements	1,145		t,145	620
	Subscriptions received	48.833		48.633	54,268
		19',124	602.D49	795173	1.517358
3	Fundraslng Inoema
	Fundraising income	17,214		17,214	13,579
	Ramsdhan funding	50 382		50,382
	Muharram funding	32,078		32078
	Tablets funding	14,730		14,730
	Special activities	3,381		3,381	640
	Shop income/canteen	770		770	233
	Letting/hire income	2,820		2,820	1,770
		121,375		121,375	16,222
4	Illvsstlriaht Ihoorlie
	Interest received	69		69	55
	Rental income	115,825		115,825	90,021
		tf5,694		115,894	90,076
5	Charibsble activities income
	Fees received	132,387		132,387	136,508
	Grants received	158,691		158,691	137,149
	Sales	20		2D
	Job Re!ention Grants*				15,388
		291,098		291,098	289.045

	NOTES TO	THE	F	INANCIAL STATEMEN	TS FOR THE YEAR	ENDED 3	1 DECEMBE	R 2022
					Direst	Support	Restrloled	Tatal	Total
8	Total expenditure				COStS	ooats	Funds	2022	2021
	Charitable activities costs				8	8	8	8
	- Religious activities				434 583	153.302	177,662	765,547	738.306
	- Nyaz &Majlises				35,032			35,032	32.861
	- Secular education				52,008	29,652		81.660	77.597
					521623	182,954	177,S62	882,239	848,764
	Fundraismg costs				1.603			1,603	7,244
	Investments management			costs	8,244			8,244	7,265
	Govsnlsncs cosN				20,027			20,027	24,791
					551,497	182,954	177,662	912,113	888.064
								2022	2021
Sa	Support costs							8	8
	Cleaning							4.406
	Licsncss							3,598
	Heat, light &water							43,096	29,657
	Rates							8,901	5,709
	Insurenoss							11,074	9,948
	Security							1.510
	Repairs 8maintenance							8,243	7,392
	Rep 8 msint - Pioneer		Pl					13,928
	Rep 8 mainl - Pioneer		Pl	bung				10,306
	Toys/sciiviims							687	1,188
	Food							2,224	1,806
	Telephonelbroadband							4,914	1,628
	SMS							160	280
	Po togo							40	23
	Stationery							741	465
	PrlntinglPhotoooPylng							797	1.034
	H slih 8 Safely							3,530
	Books							400	120
	Webaits							19	451
	Equipment pumhases							3,043
	Losses and write	offs						14954
	Sundnes							1,843
	Soltware license	costs						776
	Depredation							26,761	19,039
	Bank charges							839	432
	Card charges							4.384	4,432
	Fees paid							1,364
	Internal paid							62,414
								234,962	83604
								2022	2021
68	StaffSeats'							8	8
	Salaries snd wages							197144	206.195
	PAYEIEmployor	Nl						8.277	7.773
	Pension contributions							3,135	3,223
								208,556	217,191
	Staff Numbers
	The average monthly		number ofemployees					2022	2021
	Management							2	2
	Nurssiy Staff							t4	14
								18

2022	2021
6	6
8.822	20,495
5,520	3.426
2,685	870
20.027	24,791

			Assets
			IIIIIIor	Freehold	Leaseheltl	Fixtures &	(gator
			sonstruotion	Properties	Land	Equipment	Vehicles	Total
							6	6
	Cast orvalusgon i
	As at 1 January2022		137,243	7,287,868	259,600	398,243	5.571	8,088,525
	Additions		16,000	206,969		52,478		275,447
	As at31 December	2022	163,243	7,4$4,837	25$,800	450,721	6,671	8,383,$72
	Doproolagon r
	As at 1 January 2022				(17,700	349,470	1,532	468,702
	Charge for the year				5,500	20,251	1,010	26,761
	Asst 31Doaember	2022			123400	389,721	2,542	4$6r463
	Net Book Value:
	As et 31December	2022	153,243	7,4$4WT	136~	st,ogo	3,O29	7,686,5O9
	As at 31 December	2021	137,243	7.287,868	141,900	48,774	4,039	7,6(9.824
8	Flxorl assai Inwshnonts						2022	2021
							8	6
	Fixed asset investments						1,880.000	2,590,000
	Dispose(							(700,000)
	Reagsed on disposal							(10,000)
							1,880,000	1,880,000
	Other Inwstmonts
	Hyden Nursery Lid						100	100
	Hyderi islamic school						1	1
	6tarkot value at 31	Deaember					t,oso,tot	1,880,101
9	Stocks						2022	2021
							6
	Opening balance						832	3,129
	Additions during the	Fear					2,161	1,066
	Used during the year						(1,582)	(3.363)
	Closing balance						1811	832
0	Debters						2022	2021
	Recoverable gilt aid						12,145	16,038
	Other Debtors						303,280
	Prepayments and seemed income						14,049	1,950
							329,474	17,988

Debters
Recoverable	gilt aid
Other Debtors
Prepayments	and	seemed income

11	Cash and Bank		2022	2021
			8	8
	Cunent and deposit accounts		452,757	818,565
	Peky cash		3	497
			482,7$0	819,082
12	Credhors: Amaunls	faging dus	2022	2021
	within one year		t	6
	Texason and social security		1,081	5,383
	Accrued expenmrs		32,574	5,738
	Other creditors		38,485	39,448
	Defened Income		35,077	32,153
	Banklosns		43,397	32,102
	SCI Funsmls Limited	(Nolo 13)	5,500	5,500
			168,114	120.324
13	Credhors cAmounts	faglng dus	2022	2021
	afler criers Bras orm	year	8
	SCI Funerals Llmked
	Balance at 1 Januacy		97.300	113,800
	Payments in the year		(3,400)	(11,000)
	Balance st 31 December		93.900	102,800
	Less; Due within one	year (Nolo 12)	5.500)	5,500)
	SCI Funemls Limited	balance	$$,400	97,300
	Bank loan		1.413,045	1,467,888
	Other creditors'			204,000
	Balanoe due aBsr mare than ane year at31Ceasmber		1Jti1~	1,789,198

	NOTES	TO THE FINANCIAL STATEMENT	S FOR THE YEAR EN	DED 31	DE	CEMBER 2	022
			Balance	Inconla		Expenditure	Balance
14	General funds		01.01.2022				31.12.2022
			6				6
	Balances at	1 January 2022	2,133,065	721,491		(734,451)	2,120,105
			133065	721	1	34,451	2120105
			Freehold	Ihvasbnsnt		Fixtures 6
15	Designated	fixed easel fund	plopaltlas	propsrges		Flglngs	yotsl
			8	6		6	6
	Balanoes at	I January 2022	4,730,702	224,451		99,031	5,D54,984
	Pioneer Place donsbons		388,D27				380,027
	Balense st	31Oecember 2022	5110729	22	451	99 1	5,443011
18	Burial fund					2022	2021
	Balances at	I January 2022				205,390	188,835
	Received during the year					48,345	30,660
	Psymenls for buriela ofscheme members
						240,933	205,300
17	Ravshlatlon	reserve				Balance	Balance
						01.01.2022	31.12.2021
						8	8
	Investment	properties				1,015,8S7	1,015,687

Restrlofed funds - Others	Balarree				Balance
	01.01.2022	Inoome	Exl»ndkure	Transfers	31.12.2022
	8	8	8		8
Hyderl - Internal
Ghusal Kefan	10,321	2.233	(280)		12,274
Sports - Gents	290	5,509	(5,363)		436
Funeral Senrice	6,029	21,063	(20,509)		6,583
Madresss	4,831	2,288			7,119
Tablet project	(14,984)			14,984
Haraka		1,751	(1,355)		396
I/oiunteers fund		1,040	(300)		740
HFC		7.992	(7,113)		879
Ghadeer fund		900	(1,431)		(531)
Ladies retreat		9,801	(9,032)		769
Arbaeen walk		14,784	(9,914)		4,870
Jummah co9scbons		2,181	(1,804)		377
Tolal - Internal	$,487	69,642	(67,101)	14,984	33,912
Eater/let
Pakistan Relief		605	(605)
Others		1,699	(1,809)		90
Ramadhan relief	1.844		(1,844)
Al Ayn	1,087		(1,087)
AAWA		180	(175)
Fidya
Fitra		4,658	(4,658)
Kan'are		1,092	(1,092)
Khums - Sehme Imam	8,053	55,577	(83,598)		32
Khums - Sehme Sadaat	7,053	18,785	(25,805)		33
Poor, Widows 8Orphans	916	410	(900)		428
Radde Mazaeim	25	381	(388)
Welfare Fund/Sodas	13,694	12,768	(12,000)		14,462
WF Aid
Total - External	32,672	$$,136	(113,76$)		16,04$
Total Othe»	3a,tea	teo,err	(1ra2»o)	14,aee	4$,9$0
Burial Fund	208,380	48~	($,$02)		246,$33
Total ResBated Funds	244,648	214,022	(177,8$2)	14,884	2$6,8g3

	NOTES TO THE FINANCIAL STATEME	NOTES TO THE FINANCIAL STATEME	NTS FOR THE YEAR	ENDED 31	DECEMBER	2022
18	Analysis ofnet assets acumen funds
			tysnsrat	Designated	Restricted	Tolsl
			Funils	Funds	Funds	Funds
				5
	Fund balances at31 December 2022
	represented	by:
	Total fixed assets		2,120,105	5,443,011	1,015,687	8,575,803
	Net cunent	assets			295,893	295,893
			2,120,106	6,443,011	1,311,680	8,874,898

Financial eemmlbnents
Payable within:	2022	2021
One year	15,138	22,099
Between two and gve years		15,138
	16.138	37,237