The KHOJA SHIA rrHNMSHRI {SOUTH LONDON ) JAMAAT IHYD£RI18LAMIC CENTRE) ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 A R•ght•r•d Charlty In th• U.IL Numb•r: 287686 1125
THE KHOJA SHIA ITHNA-ASHRI {SOUTH LONDON ) JAMAAT (HYDERI ISLAMIC CENTRE REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Contents Page Charity inf0mtiOn Report of the managing trustees Ind8pend8nt auditors, report to the trustees 8-12 Statement of financlal activities 13 Slatsmenl of financial positi( 14 Cash flow statement 15 Notes to the finanrial statements 16-25 2125
THE KHOJA SHIA ITHNA-ASHIII (80LrrH LONDON ) JAMAAT IHYDERI ISLAMIC CENTRE) CHARITY INFORMATION FOR THE YEAR ENDED 31 DECEIABER 2023 Ch•rlty R¢gi¥trallon Numbor 287686 Gov•mlng Docum•nt The Conslitution Managlng TnMt• President VIC8 Pre8ldent Secretary Assistant Se¢retary Trea$ur•r Assislant Treasurer Mukhi Assistant Mukhi Trustge Trustee Trustee Trustee All8sgar Khimani {8le(ed 4 June 2023) Shahbaaz All Mahmood Khan (elected 4 June 20231 Muhammad Asger Raza (818Ct8d 4 June 2023) Hasnain Asharia (elected 4 June 2023) Qasim Alidina (elected 4 Jung 2023) Hasan Kormali {eFeGled 4 June 20231 Shabbar Ali Jadal {elacted 4 Juno 2023> Salldall Alldlna (elected 4 June 2023) Nazla Khan {ele¢ted 4 June 2023) Zahlde Asharia (elected 4 Juno 2023) Salma Moledina {elected 4 JU[ 20231 SKldika Lalji (elected 4 June 2023) ¢0 Presldent Selxatary Assistant Se¢retsry Treasurgr Assistanl Troasurer Mukhi Assislant Mukhl Trustee Trustee Trustee Trustee Mohgin As8ri8 (reslgned 4 June 2023) S8Jlad Kara {reslgned 4 June 2023) Nawal Jeraj {resigned 4 June 2023) Sallm Master (resNJned 4 June 2023) Bekerali AKilna (resigned 4 June 20231 ohib Rajwani Ireslgnad 4 June 20231 Abbas KAra (resigned 4 June 2023) Zlsha•n Moledina Ir881gnd 4 June 2023) Sukaina Rajwani (resigned 4 June 2023) Shahkla Alidlna (styjned 4 Jun8 2023} S4kla Hassam (reskjnod 4 June 2023) Règl•l•r•d Addre88 Hyderl18lamlc Centre 26 Estreham Road London SW16 5PQ Bank•TS HSBC 117 Balham High Road London SW12 9AS Audftors Brian Paul Limtled Chasè Grèen House 42 Chasa Slde Enfield Mlddle80X EN2 6NF 3125
THE KHOJA SHIA rrHNA$RI IsoirrH LONIX)N) JAMAAT (HYDERI ISLAMIC CENTREI REPORT OFTHE MANAGING TRVSfEES FOR THE YEAR ENDED 31 DECEMBER 2023 The Managlng Trustees have pleasure In presentlng thelr annual report together wlth the audlted financial statements of The Khoja Shia fthna-Ashri Isouth London) Jamaat Ithe Charity) for the year ended 31 December 2023. The Charity operates as Hyderf Islamlc Centre (Hyderf). The Trustees confirm that the annual report and financial statements of Hyderi comply wth the Current statutory requirements of the Charity's goveming document and the provlsions of the applicable charltles Statement of RecDmmended Prartlce150RPI. UK Accountin8 Standards and t Charltles Act 2011. Strurture, govemance and management The Khoja Shia Ithna-Ashrl (South London) Jamaat (Hyderll Is a registered charity (No: 2876861. It Is governed by the constltution adopted on 2 October 1983. A revised and updated con5titutlon was approved by members on 5 FÈbruary 2023. The Khoja Shia Ithna-Ashri (South London) Jamaat promotes and advantes thelslamic rellglon in accordance with the principles of the Shia Iihna-Ashri falth. Its objettlves and powers are set up in the constitution. It 15 managed by elected Managing Trustees who are responslble for the day to day runnlng of the Charty. Publ1¢ eenefft Statement The Managing Trustees have considered the genèral guidance on public benefit issuÈd by the Charltle5 Commlsslon and have taken due gard of that guldance, The Managing Trustees tonsider that they are satisfied that the charlty's artivities do wovjde a public benef. Objertives and acli¥itie5 The Khoja Shla Ithna-Ashri {South LorHlonl Jamaat's objective is to advance the relS8lon oflslam and education. thè provislon of social and religious welfare activbtles and to provide relief of poverty among Shla Muslim al Propagatlon of Islam Propagation of Islam is the main artivtty of the Charlty and this was carrled out by arrangkng re8ular lectures at the Centre and arran8lng weekly religious programme5 in En81ish and other languages. Madressa classes were also held to teach Quran to students. b) Educational support During the year, sUPPOrt was provlded ts varlou5 Indivlduals and chlldren were taught at the Hyderl Islamic school and Hyderi Nursery, cl Social, religious and welfare artivities During the year, Hyderl or8anlsed various attivltles in celebration of Ramadan, Eid, Haji and other Islamic festivals for members and new converts who have no affiliation wlth other Islamie communitfies. C¢)unsellin8 sessions were provided to those with marrlage and family predicaments. Facllities for weddings and funerals are carrEed out throughout the year. Achle¥ements and perf¢rni8fi The Charity contlnues to provide prayer facllltles at the Centre to promote the Muslim faith to all age groups and to provide services to learn ihe teachin85 of the Quran. The Charity offers facilities to 4125
members to promote thè Muslim way of life through guest speakers. The Charity continues to offer membershlp and burial facilities and receive income from its rental properties. The Nursery and 1$13mic schools forthe chlldren have been a successful fvrtherance of offering Islamlc teach5ng. These achlevements would not have beèn possible without the commitment and dedication of volunteers. Objertlves and Investment Powers In order to meet the objectfves, the Managing Trustees can secure the provlslon of Mosques and Imambaras {cÉntres1. provlde and establish xhools and educatlon and provide other religious servlces. The Managln8 Trustees can ralse funds for thè upkeep. restoratlon and repair of the buildlngs used for this purpose and to promde other services to meet these objectNes. TTUSt funds of over £15,WO can only be invested or utlli5ed on a single project after the approval of the general body. Appolntrnent of tre5 The existing Managing Trustees were elected on 4 June 2023 replacing the previou5 Trustees to serve for a term of two years. Related partles The Charity does not hold assets on behalfofany another Charfty, company or indmdual. Results Ind FInal?1 rnvlew The results for the year are as shown in the financial statements. The statement of financial artP4ities Shov the incomlng resources. and the resources expended by the drflerent aCtItieS eonducted under the Charty's name. also shows how the Charity's funds have been applied during the year. The 8ross receipts ofthe Charity were £1,385,27512022.. £1.323,54Q). Ofthis £490.122 were restricted funds and gross expenditure amounted to £1,127,28>12022- £912.1131. Grft aid receipt was £70.08612022: £60.320). As the Charity's income Is dependent upon the goodwlll of worshippers. the managing trustees are of the opinion that the level of dlrect attfvftie5 should be proportionate to such Inwrne. Accordlngly, many of the ?ctlvllles durlng the year were affanged to be self-sufficient wlth funding ralsed accordingly at the time. At 31 December 2023, the balance on ihe Testrlcted fvnd was £56,15812022.. £48.960) and Burial Funds were £280.06512022: £246,933). Flxed Assèts The changes In fixed assets ère shown In the note5 to the finèn¢lal statements. During the year the charity purchased a new hearse and a150 purchased a new cemetery plot. whkh have both been reflert•d in the a¢unts. Investment Propertles Statement of Recommended Practlce, 'Accountlng and Reporting by QrItIeS. requires investment propertles to Included In the flnanclal statements at market value. The Investment pmperties were valued In January 2021 by an independent professional valuer SW17 Surveyors LlmSted. The managing trustees are of the opinion that these reflett current market value. 5125
Key management peonnel Temuner•tlon Trustees are requId to disclose all relevant interests and register them with the Secretsriat. arKI, in accordance with policy, wtthdraw from decisions where a confli¢t of interest arlses. Detslls of trustee expenses and related party transactlons are disclosed In note$ 21 and 22 to the accounts. Rlsk Mana8•m•nt The Managlng Trustees have assessed the major risk5 to which the Charty is exposed. in partkular those relatin8 to the operations and finances Includin8 fvndraisin8 and use of restrirted fund5. The ManaElnE Trustees are satisfied that systems are in place to mltl8ate our èxposure to these risks and the processes Implemented are designed to mlnlmlse any potential impart on the Charty should any of these risks materialise. ReseNes Pollry The Managing Trustees have examined the Charitys requlrement for reserves and has established a pollcy whereby the unrestricted fund5 held by the Charlty should continue to be a minimum of 3 months of the unrestrlcted expendtture of Hyderl only. Thls equates ta approxlmatèly £169.880 12022: £123.5671 Ploneer Place The extensive works to develop the site were completed In March 2022. During 2023 Ihe charlty mpletèd the Itre safety upgrades and new fenclng was placed around the perlmeter. St•t•m•nt of TNst••s' Re5poThslbllttles The Trustees are responsible for preparfn8 the Trustees, report and the financial stalements In accordance wlih applicable law and United Kingdom AccountlnB Stsnd?rds Iunlted Kingdom Generally Accepted Accowrtlng Practlcel. The law applitable to charities in England & Wales requlres the Trustees to prepare financial statements for each flnanclal year whlch give a true and falr view of the state of affalrs of the Charlty nd of the inttjming resources and application of rèsources of the Charity forthat perTrod. In preparin8 these financlal statements, the Trustees are requlred to: - Select suitsble accounting policles and then apptheM eonslstentty - observe the methods and princlples in the Charltles SORP; - Make judgments and estimates that are reasonable and prudent,. - Prepare the financlal statements on a going concern basis unless it is inappropriate to presume that the Charlty wlll continue to operate In the firture. - State vthether applicable UK Accountln8 Standards have been followed. subject to any material departures disclosed and explained in the financial statements: The trustees are responslble for keeplng proper accounting records that disclose with reasonable accuracy at any time the tinanclal position of the Charfty and to enable them to ensure that the financial statements comply with the charlties Act 2011, the Charlty IAccounts and Reports) Regulations and the provislons of the trust deed. They are also responslble for 5afeguardlng the assets of the Charty and hence for tsklng reasonable steps forthe preventlon and detectlon of fraud and other Irregularities. 6125
txsdoswe of Information to ¥udltors Each of the trustees has confirmed that there 15 no other information of which they are aware which Is rèlevantto the audrt. but of which the auditor is unaware. They have further Confirmed that thev have taken appropriate steps to Identlfy such relevant infonnatlon and to establlsh that the auditors are aware of such Informatlon. Athlltors A Tesolutlon will be proposed at the Annual General Meetin8 that Brlan Paul Llmlted be re-appointed as Auditors of the Charlty. Approved by the Mawln8 Trustees and slgned on its behalf by: Treasurer: Qasirn Alidina Date: 22 Octeber 2024 7125
THE KHOJA SHIA ITHNA-ASHRI {SOUTH LONDON) JAMAAT (HYDERI ISLAMIC CENTRE) Independont Auditorfs Report to the Members of Th• Khoja Shia Ilhna-Ashrf (South London) Jamaat (Hyderf Islamlc C•ntrn) Year ended 31 December 2023 Oplnlon We have audlted the financial Btalements of the Khola Shla Ithna-Aghrt {SoLth L0ndc> Jamaat IHyderl lstamlc Centro} {the 'charitl for the year onded 31 Dècember 2023 whlch Clmnprise the statement of flnancial activities. statsment of financial pa8ttion. statement of cash flows and thg rglated notes. Induding a $ummary of sIgnifan1 accounting 11¢10$. Thg financial rgPOrtlrvJ fiamebw)rkthat has been applled in thèir pr8por81ion is 8pplicable law and Unrtéd Kirodom Accounting Standards, Indudlng FRS 102 The Financial Repong Standard appllcable In the UK and RepublSc ol Ireland (Unfted Kkngdom Generally Acceptsd Accounting Pracl.). In our optnlon the Ilnanclal slatemènts: give a trué and fair view ol the stats of th8 charit8 affairs as at 31 December 2023 and of Its ine4)ming r8sources and applicatlon of resource5. induding its inccyna and exp)diture. fc the year then ended: have b88n woperfy prepared in awdance th Unitéd Kingdom G9neral kcepted A¢¢wnlng Pm¢lle8; have bn pr¢parwJ In accordance vAth tho requkements of the Charftl•$ h£t 2011. B*•ls for oplnlon We conductsd our audit li accordance Int•mAfw)nal Si8ndards on Audtting (UK) {ISA8 (UK)) and èppllcabh law. OLtr responsibilitie8 under those standards are further desGrtbe(f In the audttorfs responslb115tle# for th& alit of the financlal Statemènts section of our report. Wo are indgpgndent of Ihe ¢hority In accordance wlth the ethlcal requirpments that are relèvant lo our audit of the financial statements in th8 UK Includlry the FRC'S Ethlcal Standard. and we hav8 fulfilled olher ethlcal responsibilities xcordance with those requlremènts. We telleve thal th8 audll eVen we have obtainèd is sufficient arKI appropriate to provid9 a ba$18 for our oplnlon. conclusions relallng 19 golng ¢OnGern We have nothlng to report in respect of Ihe following matters In r•l•lK)n to vthich Ihe ISAS (UK) requke us to report to you wherg: Tho trustees. use ol the golry concem baÈiÈ of accoLFnling i) thè preparatk)n of tho finarKial staterrftnts 1$ not approwlale. or The Irust88s have not dlsclosed In the fin8nGi81 statemerts any identSfied moteridl uncertainties that may cast 81gnlffjcant doubt about the charity'$ abllity to contlnue to adopt the going ¢oncern basis of occounUng for a period of at least fvmlvo months form the dale wh•n thè finanaal ¥tstem&nts are èuthorfsgd for Issue. 8125
THE KHOJA SHIA rrHNA-ASHRI (SOUTH LONDON) JAMAAT (HYDERI ISLAMIC CENTRE) Independent Audito$ Report to the Members of The Khoja Shla Ithna4shrl {South London) Jamaat (Hyderi Islamic Contre) Year •nded 31 December 2023 Olh•r Irrfomiatlon The other Infcthwtion comprises thè forrrli0n Included In the 8nnual reporL other than tho Ilnanclal gtaternents 8nd r audttorfs report Ihereon. Th8 Iruste8S 8re responsible for the other Infomiauon. Our opinion on the finan¢lal statements dogs not cover Ihe otsr infomiation and. excgpt to the extent olherww expliciuy statsd In our r8pJt, wè do r1 8xprg$s any form of assurance concluslon thereon. In cOnneon wlth our audll of theflnanel818t8t•monts, our respIbIl Is to read the other infomiation
TrJ, in dolng so, con$lder whether the Otr Irrformatknn 19 m•l•rio1ty inconslstent the flnanclal
8tstem8nts, or our knovAedge obtslned In the audll or otherwi8e appears to be malerf81ty rnl$stotsd. 11 we identify such material inLminStQndos or apparent materfal ml$ststements, we are requlred to detennino vthether there is a materlal misstatement In tha financi81 ststaments or a matèrial mE8slatoment of the other informalkn. If, based on the work we have perfornied. we concludo that th8r• 18 a materlal mlsststement of this other knforrnatic, we are r•quir•d to r•wt thatfact. We have nothirtg to Yeport In th1$ ward. Oplnlom pn other matt¢rs pr•s¢rfbod by the Ch•rfllo8 A¢t 2011 In our opSnlon, crf) the work undertaken in the course of the audit: the InfmatTr)n given in thg trustees, report for th8 finaneld yearfor whlch the )Inandal gtstemerts are prop¥ed is conslstont with tho financlal slatoments. and the Irustses. report has been kY•par6d in accordance wth appllcabl• l$gal roquiremerts. Mattern on whlch w• arn r•qulr•d to r0POrt by •x¢•ptlon In the light of the knoOdge and understandlng of the charlty and its •nvironment ObtsIn In the Course of Ihe audiL w8 have nol identified material mlsstalements in the trustges, reporL We have mlhirvj to roport in respect of the followhvJ MatIe in relgtion to whkh the Charkll8s Act 2011 qulres us to report to you if. in our oplnlon: adequat8 &c¢ountlng reeords have not been kept. ¢y returns adequate ft)r our audit have not been rertwed from branthès rtt)t vi$f(ed by u$,. or the ffinanoal statements are not in agregmenl w4th ts a¢UntIlvJ records end reium3: f c8rtain disclosurés of bu$tees' remufierat $poufied by law arn not mad¢". or * have nol recelved all the informgtion and explanations w• require for our audrt. 9125
THE KHOJA SHIA ITHNA-ASHRI (SOUTH LONDON) JAMAAT (HYDERI ISLAMIC CENTRE} Indepondont Audltor's Report to the moMr8 of The Khoja Shla lthna-Ashrl (South London) Jamaal {Hydori Islamic Centre) Year ended 31 Decèmber 2023 Rospon•lbllldM of trust•• As explaln&J more fvly in the trustees. re8ponglbilltles ststement. th6 truglèés (WI arè also thg dlrectors for th9 purpose8 of (xmpany lawl are ro$prJnslbig for the preparatlon of Ihe financ181 slatements and for belng Salsfied Ihat they glvB a true and fair view, and for such Intem81 control as the trustees d•tsrmine is nets$sary to enabl& the preparalon offinanclal statsments that arg fro0 from mal•ri81 mlsslatemenc thether due to fraud x •rnr. In pr8parirvJ the fina181 8tatamsnts. th8 trusle9S are responslbb for 8s$8s$irKJ ts charfVs ablllty to continue as a going concern, disclosing, as 8pplic8blo, mattars r81818d to going concem and using th8 going concem basis of accounting unl6ss th8 trustees &ith8r intend to liquidats tho charfty or to ceasa operatlons. or have no realistic attemalNe but to do so. Awjltorfs r•spon8lblllllés far tho audft of the flmnclal statsmonts Our oW¢tive¥ are to obtaln r&onabte assurance aboui whar th8 ffinancial statements as 8 V4ts10 8re free from matsrial mL88tatement. whelherdue to fraud or effor, and10 Issue an auditorfs report that tndudes our oplnlon. Reasonable assurance18 a hlgh level of assurance, but Is not a guarantee that an au(1cOnducted in accordance wlth ISAS {UK}lll ahyays delecta material mi88tatementwhen it exists. MlsStaterrts c8n an8e from fraud or error and ar8 Considered material rf. individualty or In th8 aggregale, they ¢Id re8$ab be eX¢18d to inl1u9n the econom1¢ d&cksions of users taken on the basls of tr*se financial Stateme8. Iwularid06, Indudln9 Iraud, are instances of non4ompllance wlth laws and regulationB. We design ocgdures In Ilne wth our responGlbllStles. outllnod abov8. to dSet m8tètlal ml8Statements In respgGt of Irregularities. induding fraud. The extent io whkh our prctedures are capable of detecting iwularities, including fraud detalad below. The ut•nl to whlch th• audlt was con8ldered ¢abI& of detectlng Irvegularltlès Ineludlng fr•ud. Ourapproach to Idenufylng and assesslng Iho risks of material misstatsm•nt in respect of ifr•gularili88, Includlng fraud and norrfompll8ne4 knlth law8 and regulattons. wis 85 followo.. the engagement partner ensured that the eroagemenl t$am cdlectivety had tho appTopriato compètènce, c8p8bilitK8S and gkSlL8 to Identfy or recogn188 rn)nrycompllan with applicablg laws and regulations., - we tdenlffjed th6 kws 8nd regulatn5 aPF4lcable lo the company throwJh diseusslons with diroctor8 ar other managgmen( and from knowledge and experien ofthe charity sector, - wè focus8d on specific laws and regulations which wè (xin8ider8d may hav8 a direct material èffact on Ihe financial slalements or tha oporations of the company, Includkng the Charities Act 2011. UK Taxes Acts, d8ts protect, anbrIbery, employment, envlronmental and health and safety legrdlatbn; - we a$sossed the extgnt of complin with Ihg law8 and regulations Klenlified above through makkng enquiries of managomont and insp8cting legal correspondence: and lden1rfd laws ar regulations were communlc&ted thIn the audlt team règuIAty and the t98m rgm•ined alert io instarw of nonr(x)mpllancg throughout Iha audm. 10125
THE KHOJA SHIA 1THNASHRI (SOUTH LONDON) JAMAAT (HYDERI ISLAMIC CENTRE) Ind•pgnd•nl Auditor's Report lo the Membors of Thg Khoja Shia Ithna4shrf (Soulh London) Jamaat (Hyderi Islamic Centre) Year ended 31 DKomb•r 2023 We aSSed the susceptibility of the company8 financial slatem8n18 to materfal mlsstatement. Induding obtaining an underslandlng of how fraud mlght occur, by.. - making 6nquiri•s of manogomont as to where they consIded there was su8PUblIY to fraud. th•lr knowledga of aclual. SUSFéCted and alleged fraud.. - conslderkng Ihe hknal controls h place to mltlgate rlsk8 of fraud and Mnwcompliance laws and Tegulatlons; and To addiess the rf8k offraud trmigh monagement bla8 and ovethdé of ¢ontrds. wg.. - perfomwd analytical pro¢eduros Io Klortlfy any unusual or unexpected relationship., - test&l loumal gntrles to Identify unusual tran8acllon4 - inv8Sttgated the rnlonal• behlnd slgnlficanl or unusual tran88CtKJns: In response lo the rlsk of iryularibes and wJTrcompllan¢e with laws and re130n8, w8 deslgnéd prwjures whith induded, but were not Ilmltgd to.. - agraelNJ finala1 sLernent dl¥dosure8 to underlying Jupportin9 documtrnlatK)n' - errfJulng of managernert as to aclual and potentlal lftbdon and dM5. Th•re are inhgrenl limilatp)ns in our audit procedure8 deS1bed otovg. Th8 more removed Ihal laws and regulatiLMs are from financial Iransa¢tlons, the $S liKety it ts that we would b8com8 aware of nor tXMnplh8nce. Audillng Standards also limrt the audrt procedure$ required to Identtfy non-compliance with I5 and rggulations to ènquiry of Ihe dlrectors and other management and lh8 inspection of regulatory and legal corresponden¢e. If any. As part of audlt li aCrdanCe wlth ISAS {UKX wo exe19e prof•sswl ludgmgnt and malntain Professn01 8pIt8M throughout ts audm. We also.. Identify and assgss the risks ofmatsrial mlsstatement of the fina181 statements. whèther dué to fraud or error, deslgn and porform audit procedures response to thosè rL8ks, and obtain audlt evidence Ihat Is 9Lrfr9nI and appropriate to provide a basi5 for our OnOn. The rfsk of not dglectwYJ a material mi8Statem8nt r9suSting from fraud is hlghei than for one resutting from error. as fraud may involve collusion. forgery, intentional omissions. misrepresentatlons. or the override of internal control. Obtain an understandlng of intemal control rèlovantto the audttin ordar todesign audlt procedures that are 8ppropNate In tho ¢ircumslance$. but not for the purpose of exFffes$ing an oplnlon on the ¢ffgclfvonas8 of InlemBI control. Evaluate the approprtatenesg of a¢wunting polkles used and the reasonablen988 of accountlng estimates and related disclosures made by the trustegs. Condude on the 8ppropdatenès8 of the twsts6s' u80 of the gowvJ ojncem basis of anting a, based on thé audit evidenee obtsingd. wheth8r a material uncortainty exbts related lo events or condhions Ihal may ca81 signlficant doubl on the thaiivs abilty to continue as a concern. 11 we concfude that a m8terlal uncertalnty exists. w8 8ro requi to draw att•n0Th in our audilorf$ reFOrt to the related disckJsuTes In the flnanclal statements or, 6f such dl8c108ur•s 8r8 inadequat8, to modty our opinion. Our u$l08 are based (In the audlt avldenc6 obtained up to the dole of our aud6to¢s report. HOver. future gvents er coNjiti$ may cause the charlty to cease to )nt as a golng nCern. 11125
THE KHOJA SHIA rrHNA-ASHRI (SOUTH LONDON) JAMAAT (HYDERI ISLAMIC CENTRE) Independent Auditorfs R•port to th• Members of The Khoja Shia tthnathshri (South London) Jamaat (Hyderl Islamlc C•ntr•) Year •nded 31 December 2023 Evaluate the overall presentslion. stru¢JMro and ntent of the flnanclal statsments, IrlUdIng the d18cIo8ures. and wh•th$r tho firwnclal ststements repre8enl the undertylng transactlons and events in a manner that achb8ves fair prgsenlation. We communicate th those charged governanc8 rggording. 8morvJ (rther matters, the ptann Scope and tirning of the audst ond slgnificanl audlt findlrys, Includlng any slgnlfkant deficlencles In Intemal ¢ontrol that vm Idenufy dun9 our audiL U80 of our r•port Thls vgPOrt18 mad& soloty to lh¢ chat5 members, a8 a body. In a¢eord#n¢• with sèctK)n 144 of th9 Charfts Act 2011 and rUlaon$ made under section 154 of thot Act. ()Jr audit work ha8 been undertakèn so trat we mlght slate to the Char'S m8mbers Ihosg matters are required to state to them In an aUd[tLS r8port and for no other purpose. To the fullest extent pamiitted by Law. we do not accept or assume responsibilty to anyonè oth8T than the charity and charit$ m•mbors as a body, for our audit work, tor thbs POr( or for the opSnlons we have fornied. Pwl Ph Illp¥ (Senlor Statutory Audltor) For and on bahlf ol Brlan Paul Llmlted Chartered Accountants & Statiilory Audltorn Chase Green House 42 Cha$• Sld• Enfiold MIddleX EN2 INF 12125
THE KHOJA SHIA ITHNA-ASHRI (SOUTH LONDON ) JAMAAT {HYDERI ISLAMIC CENTRE) STATEMENT OF FINANCIAL ACTMnES FOR THE YEAR ENDED 31 DECEMBER 21)23 Um•thIÈ ft••trliW TxI1 Fvnd# T(tsl Fwdi Funrfa Funth 202$ 2021 VoJntary Fundrnaing inuJmÈ Inv8strn8ni kneomo Charitsblp athvhles Inwm• Otharlnwmfj 297.474 114.Tr76 125.783 204.7S3 53.067 8•1.163 336.123 15f.999 836,597 286,075 125.783 S753 s3.r7 1.JB5.Z75 7#5.173 121,375 115,894 291.098 49D.132 1,323.540 Fundrnlsing costg Invutrrnents mw8qemeTrte48t8 433 1,603 8.111 864X¢O 34,415 YD7,019 220265 1.Q84,321 34.415 1.127381 882239 20.027 911113 rth•i•xpDnthir¢ 220AI Nèt knc47rn9 111.8661 289,857 257,990 411.427 Tall18b•t?¢nfnds Adlu8kn2nts Ne11056 on dbpo•Hfof v•hTc 21&1 (218,1851 156m)I 14,984 (63.1191 13,0291 13.0291 Il•t In 114170 14J 191.M2 424411 FuTrJs broWforw4w¢ atfv ¥tartoftho y•4r 2,120.105 754.sgl 8.874.696 8,448285 FuDd¥ vdIDn1dth •Mdollfv•y4•v 760245 Th• C41 p•a# 16 t• 25fomi apartofthou•lnotwi41 *4ternents 13125
THE KHOJA SHIA ITHNA-ASHRI (SOUTH LONDON ) JAMAAT (HYDERI ISLAMIC CENTRE) STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2023 T0 as88ts InvpJ¢ments 8 9.116,136 9 1.880.100 7.868,509 1.e4cs.101 18M236 9,748,010 u¥•ts 10 11 12 1.411 329.474 452.780 783.845 176.471 181.215 357,686 Cash at ba in hand Total turr•ni •¥••ts U•bHIII eitor: within 13 I489.77n 1156.114) N•t ¢urnntu• 627.S31 TfAal •M•t• I•M Gwr•nt Ilftblllffj 11.164145 10.378.141 Cwtslilm.. amourbts f811ir4 dutrofter on8 yr 14 11.7ri.e071 11.501.445) N•t a••¢l• 8 874 898 Th• fvnds ofth• charfty Unr•¥trlct•d fn¥ fvr 16 2.318275 2.120.10S 1318376 1120.105 Irlctqd fun& Dtsignaled bJThts 8u601 A18150n r86e 10 5.398,3S3 17 280,(k35 18 1.015,587 19 56,158 5,443.011 1.015.687 6,750203 6,764.591 8 874 698 Tatal chaTltylunds TlffiMncd gpwo¥ed tyth• IWrWby. Pr•&*l•nL' $gIr Khim Dats.. 22 Oclot¢r 2024 Th pag•• 16 kn 25fm • oflhwje knnckg18talern 14125
THE KHI)JA SHIA miNA48HRI (8oirfH LONDON ) JAMAAT (HYDERI ISLAMIC CEKfRE) CO3H FLOW STATEMEKf FOR THE YEAR ENDED 31 DECEMBER 2023 inlLb 1M,842 426.411 1123.1951 pwi 45J25 {115,8251 2q761 11Trry98wyDtrn8e In storJ( In d8bbJrn 10 1A11 153pJa 6B1,487 15791 IlTrcr&w•l 13M4 7,S58 I6756) ¢••h Ifow•lvom 123.195 11fjm5 I12979) 127sMn 1159.5531 Cuh Ilowo fr•m IIMn¢lno aGtMtkns BAnk 14 40.338 1595 15.595 ClwTrp•ln ¢•thndo••h Inth• 71.541 13e6.2021 ¢4th4r4J ch•jU• atb801O0fthbj•1r 4517eo B1E.Q62 13 452 780 15125
THE KHOJA SHIA MINAMR1 ISOiITH LONDON) JAMAAT IHYDERI ISLAMIC CENTrE) NOTES TO THE FINANaAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 l G•n•ral Information The a)arity is a registered Charity in England and Wèles and is unincorporated. The address of the Charity is 26 Estreham Road, London, SW16 5PQ. 1.1 Statsment ol ¢ompMance The financial statemerrts have been prepared in atcordance wrth Accounting and Reporting by Charitie5.' Statement of Recommended Practlce appllcable to charities preparing their accounts in accordance wlth the Financlal Reporting Standard applicable in the UK and Republlc of Ireland IFRS 1021 leffettive l January 20151- (Charlties 50RP IFRS 10211 and the Flnancial Reporting Standard applirdble In the UK and Republlc cf IrelarKI IFRS 1021 and the Charitles Act 2011. The charty meets the definltion of a public benefrt emlty under FRS 102. Assets and Ilabllltles are initially recognbsed at historical cost or transaction value unless OtheTwlse stated in the lnt accountln8 policy Nte(sl. 1.2 Accountlw Pollcles 1.2.1 Basi5 of preparatlon The financial statements have been prep?red on the historlc31 cost basis, as modlfted by the revaluatl¢n of investment properties measured at fair value through income or expenditure. The financial statements ère prepared In sterling which is the funrtional currency of the entlty. L3 Golng eonc¢rn There are no material uncertainties about the Charlty's ability to continue for the foreseeable future. The Trustees are therefore satisfied that the Charity has sufficient resee5 to continue as a going concem for the foreseeable fure. 1.4 Ag8re8ate Actounts and Related Aetlvltl•$ The consolidated accounts Snclude the results of the Ilnancial activities of Hyderf Jamaat, Hyderi Nursery School and Hyderl Islamlc School prepared to 31 Dètember each year. A consolidated Statèment of Financial Artivities, Statement of Financlal Positlon and Cash Flow Statement at the year*nd ha5 also been wepared. 1.5 Freehold Land and Propertles The freehold property Is valued at hlstoric cost and Is Dot depreclated. as the Mosque and related community buildings have a considerable lon8 Useful life. Thls is a departure from accountlng standard but in the opinion of the Trustees presents the buildings at a falrer value relative to recent valuatlons conducted. Where. refurblshment and malntenance tske place such expènditure is charged to the income and expendltvre accourt in the year In which it is incurred. Accordln8ly, the Trustees consider that the life of the freehold property Is such that fts depreclatlon Is r)ot $18nfflcant. Freehold land is not depreciated. 1.6 LÈasehold land This is an 80-year lease acqulred on a plot In Section 2 of Rowan Road Cemetery of 236 reserved graves at £1,100 Èach at a total cost 01 £259,600. Thls h beln8 deprèci8ted at the rate of £l.100 per 16125
burial that take5 place eath year. The cost of the land and the related liabllmy has been rellerted In the financial statements, Durlng the year the charlty PLTrrchasèd a fvrthèr plot at Bluèbèll cemetery of 282 8raves at a cost of £4,344 each at a total cost of £1.225.(XJ8. This Ss bein8 depretiated at the rate of £4,344 per burial that takes place each year. The cost of the land and the related lièbilty has been reflerted in the flnancial statemen 1.7 Other Tangible red Assets oiher tanglble fixed assets are stated at historical cost or valuatlon lèss depreciation. Depreciation is provided on all other tangible fixed assets at rates calculated to write off the cost. less estlmated resldual values of each asset over its expected useful life as follow Flxtures and Equipment . 20% per annum by the reducln8 balan¢e method. Hearse 25% per annum by the reducinE balance method. 1.8 Donated Tanoble Assets Donated tangjble assets vthi¢h can be valuèd are included in the financial ststements at their estimated market value. Donated tanglble assets thèt ère impractlcal to valuè are not Included In the flnancial statement& 1.9 Stock Stock consists of coffins and other burlal related supplbes. These are charged as expenses based on Usage. Ixher Stock consist5 Of books and toys. The financlal ststements do not Include any sknck of books and toys as these are replaced continuously. All such costs are charged a5 expenses when incurred. 1.10 Dlsbwsements and R•swr¢es Expended The disbursements of varlous funds recelved were made accordlng to the IslamÈc laws, wTrth the 8uldante and pernilsslon of our Marjah and as perthe ronstitutlon of the Charity. Support costs are those Incurred In connection with Eovernance and adMintratIOn of the Charity and In compllance with constltutlonal and statutory requirements. 1.11 Irovestsnent Properues Investment property is Included In the Ststement of Flnancial Position èt open market value. The value is generalty establishÈd by reference to independent 3rd party valuations obtained by the Trustees. A full valuation was carrled out in January 2021 by SW17 Surveyors Llmlted. The view of the Executive Committee15 that the valuation reflects the current market value. 1.12 Restrlrted Funds Restrlcted fvnds are funds which have restrictions ImSed by the donors. These can orY be utlllsed In accordance wh the donors, wlshes and are not available for any other use. Restrlcted funds also Ilude amounts collected as agent& 1.13 Deslonated Funds Oesignatsd funds are funds whlch have been set aside or utllised for a speclflc purpose and are not avallable for general use. 17125
1.14 Income These comprise income which Is accounted lor in the perlod in which It Is recelved. Grants and Gfft Ald are ¢98n1$ed when receivable and subscriptlons for membership are reeognised when recelved. Glft Ald recelved Is trealed as unrestritted income and utllised against the support costs of the charlty. All income is Sncluded gros5 and related expenditure ts Included as eKpendlture. Investment income Is induded in the accounts on an accruals basis. 1.15 1)efeTred Imome Deferred Income 55 reco8ntsed in the perlod to which It relate5. 1.16 Eyndltyre Costs of generating funds are those costs Incurred In furthering the alm and object5 of the charfty. Governance comprises the costs gf compliance with constitutional and ststutory requirements and costs related to the strate8lt mana8ement of the charity. Support costs are costs whlch are common to a number of actfvitles and are charged to actlvltles on the basis of a proportlon of the use of the resource to the tharitable actlvlty. In accordance with the Charitles SORP IFRS 1021. the general volunteer time of membèts and trustees Is not recognlsed. The Trustees. annual report includes more inforrnation about thelr contribution. 1.17 Donat•d S•r¥lces No amounts are included in the flnanclal statements for servlces donated by volunteers because these amounts cannot be quantlfied with reasonable accuracy. 1.18 Support cort The number of staff involved In an artlvity Is deemed to be the appropriate basis for allocatin8 support costs as It closely refiects the resources usage of the 5UPPOrt functlons ol the core activitles. 1.19 Taxation As the Charfty 15 not reglstered for VAT. all costs shown are incluslve ot VAT. No provlsion has been made for corporation or deferred tax as Hyderi is a re8lstered charlty and exempt ffom tax. 1.20 Hnanclal Instruments Thè Charity has no Flnan¢lal Instruments. 121 Penslans Em0vee5 of the Charfty are entitled to loln a defined contrlbutipn pension scheme. The charity contrlbutlon is $tricted to the contrlbutlons disclosed In note 7b. There were no outstandln¢ contrlbutlons at the year end. The costs of the defined contribution scheme are Included wlthln staff costs. 18125
THE KHOJA SHIA rrHNMSHRI (SOUTH LONDON ) JAMAAT (HYDERI ISLAhllC CENTRE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 UM•trl¢t•d R•tht•d T4ts1 T)l•l FLm¢• F¥Dd Fund• Gonerd Fund 101.224 15,870 17,880 70,086 1Q1224 IS,870 17,880 8,771 13,732 60,320 388.027 rAfi 8kl l&Y IncTh8 11a42 11.342 knim4h donalons 107 107 1965 40.740 286M41 6ASQ GD4 635.597 11.916 48.345 185.677 81 4ubscrfptkin¥ 40,740 288,041 297,474 338 123 795.1n 1,22B 54,177 35,203 151,099 17214 SO2 32.078 54.177 35,203 fundiry 161.999 Burl818 2AOO 14,382 14.382 1,967 270 4.149 766.075 14.730 3.381 770 2,820 121375 4.449 f51.999 69 11S.82S 11S894 1TJ.195 125 783 123.195 12S.783 156.832 147.128 793 156.832 147,128 132.387 158,891 304.753 In•uranc• 45.976 7,091 7.091 19125
THE KHOJA SHIA rrHNA-ASHRI (SOUTH LONDON ) JAMAAT (HYDERI ISLAMIC ¢ENTrE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Total 2023 Total 7 T•tsl ¢xp•ndlbJ Fund• - Fi•lgKJus actNth8 - Nyaz & IWI . Stojr oducalr 9,907 53,258 132.596 445,781 433 8,111 34,41S 20 411.266 891MO 765.$47 53,258 35.032 139.627 B1,660 .Q84,326 881239 1,603 8,244 20,027 912,113 7,031 418.29D Furl¢n9 1? InveBtrnvnts MIrMent 34.416 1.127.285 418.299 220265 2022 74 9,820 4,095 39,589 8,960 12.412 360 9.170 144,022 4fi50 5M31 378 1.370 4,406 3,$98 43,096 0,901 11,074 1,510 8.243 13,926 10,908 H••L watyr kniurfir Seojrlty Rèp & m•rt- pTtr Rep & mtht- Pne•r bur4 Toywaclvrfies Food 867 T•lothn6lbtos¢and ."v 4.914 8ti)nory 381 741 797 3,530 400 HO£s 1284 W8bsltr Equont Wh¥S4o Los888 t 194 5397 14.984 1.843 776 28.761 1.813 45.324 Barth charyJo$ nj th4ryp¥ Foes j Inlovest pahl 1921 336 107.348 62.414 2923 2022 SokqrEs 8TrJ wagos PAYEEmpW NI lo8.2 197,144 8277 3,135 2.643 175 985 Tr• wer•wrnm nnher1MPe8'. 2022 11 14 14 18 20125
THE KHOJA SHIA ITHNA-ASHRI (SOLrrH LONDON ) JAMAAT (HYDERI ISLAMIC CENTRE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 411 820 3.184 622 Jd5t& ¢¢Oune01ts Sub5uIffi pdd EqulpmMt V•hld•% T•i•l at l jU¥Y202y 153,243 7A94M 19.986 Is90 1225,OOB 450,T21 6,S71 &503ts73 48.460 12953Tr 5.571 16A711 9.W,J11 ¥191 DK•mlw1023 1nw 7A941JI 4Sl210 at 1 Jary202$ 123,200 18.$00 721 1¢708 2.542 495,4fj3 12.116 45.324 118421 (2,6421 12,116 SX215 d b8ckon dsprwl 4t JI 0•¢6T2023 lJI7•1 Ath •t31 D•¢•mb•r2023 17J209 7494031 IJ44 •116131 AS J1 Dwthr2022 153 7.494m8 126.4¢0 7.868.510 I,880,j 1.880.Cp>) 1,89),(fl) 1MQ,¢XX) eri NLNMryLtd l*mlB Sctr Mathivblw 0131 D•¢•mb•r 1LK) 101 10 st• 2•2J ¢>•rlrq b•lawo Add0 dtthg URd during th• 1,411 832 2.161 .411 1,411 2023 11145 119.500 30428Q 3,731 14.049 17$ 71 74 I0rDebt0rs Pr•ponth ArKru•d 21125
ThE KHQJA SHIA ITHHASNRI (SOUTH LONDON ) JAMAAT IMYDERI ISLAMIG GENTRE) NOTES TO ThE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 12 ¢16h 4nd B•nk 2022 180.614 571 16 462.757 462,760 2022 TA4thin •MyMr And sodal I•1ty p•0 Il•brfjty 610 12,220 388.047 40.103 438 32.574 38.047 35,on 43,397 5,SOC 156,114 $¢1 Fu}r$I1 Llml8d INot• 141 14 ¢r•orn: rmur•thn on• y••r SCI Lknhed Baknceat 1 Janwy P•trThnts In tho > 97.3C rA) 83,900 Du0Mh1n rffi• (Mot• 131 SCI Funv Llmh•d balanr 88NOO nkknn gbg11 wetwy 1,364.707 1,413,045 Iialnc• du• oll•rfflor• Ih•Tr •My4w31 O•t•thbW 22125
THE KHOJA SHIA ITHNA4SHRI (SOUTH LOND014) JAMAAT IHYDERI ISLAMIC CENTREI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
i.IZX2J
BkntBBal 1 J4ny4ry2D23 1120,105 896.1 1gJT,D191 218,185 13.0291 (7.119) 2.J16275 (W7.0191 (3.0291 (7.1191 Ui•37S 1 January 2923 &118, 224N51 99M31 SW,Q11 11J42 151,W I)0) 151.999 1• 94931A VHJS3.0 1$1, lustrn•r 151,999 31 Drt•rnb•r2traJ 074.071A• 17 248,033 40,740 21 24eJ33 OlmlOZJ 31.12.Z022 I1587 23125
ThE KHOJA SHIA rrHNAASHRI {SOUTH LONDON ) JAMAAT (HYDERI ISLAMIC CEKfRE) NOTES TO THE FINANCIAL STATEMEKfs FOR THE YEAR ENDED 31 DECEMBER 2023 0IAIIID23 ExpDThdknr• Tnnjflrn 31.1ZIWIJ Hjthl. Inknmil Ghusd Kafan 12274 13.78S 128 13321 149.Wl 8,S991 IT,837) 11.1981 1142) 28,268 Ubrary HrI 13Jnn•ct H88rSofvj Qurxn J MullEbD Yh F[•] S8r¥k• &115 1.917 703 608 1,115 148,4001 P,2911 (&1771 7.730 13.5581 110.7551 17,1191 7.119 740 879 (5311 11,7501 HFC GhHdw•JvJ es r•trwl 531 8,516 21,C Is.ac61 116.9871 1479 &947 {8TO Jmmth ¢¢135 33,M2 107,454 1123,•12) (M.1 ¥1.4 113 1S,1401 P,0731 (0.4401 47 Éarthqwko idler PAWn• rolhl 2.on S,481 125 753 1,015 647 AIVIA tya 16451 14,2341 KBfl•rn KhwT•.S*KM Imam Krn?.sOhMè 8èdaal Ptts. wkJ & thphgns Raddè 32 33 29.OVd 25,3S1 1.118 210 16.7%J I,160} 124.C#)91 11A991 1.375 1.3Tfj 75 18.155 11&1001 Tvjd. Ext•rn 141 687 IU,97B) T•l40th•rn ZlO.P41 1212,657) 541JB 411.740 Totsl R•¥t1< 29S 24125
THE KHOJA SHIA ITHNA.ASHRI {SOUTH LONDON ) JAMAAT (HYDERI ISLAMIC CENTRE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 20 olngt a0 Genernl Funds Do¥1gMt8d Restrlcted Funds Fund Totsl Funds Fund balar ai 31 Decmb8r 2023 repre52nted by. Tow fixed 8$8elB Net rjjntak$ets 2.316.275 5,398,3S3 1.01S.687 336.223 1351 010 8,730,315 336.f3 2 316 275 21 TN8tOO8 Th8 ITu5tees eNed rK) Meral.n )r services provitknJ lo HYdlI2022. Nill. No trusty received MAIrSeMentIar tosts fDr attendi rneetings or Irdvelling rA)515 the ye8r (2022". Nill. 22 R•latod P•rty TraM4¢tio Hyderi Is 3 mèmber ofa region81 c(xfftil. Thè Coundl of Euwan Jamaats ICOEJI. which represan15 HydBri althe gbb31 lavfyl The Wodd Federaban of Khoi& Shia Ithna-Ashri Muslim Communiies. Both thesè Chatities weregisteted %vith the Charib¢$ Commiwon in the UK arwj raprtrtsèntH whtn aling wth internalnal abj aid relfwoFk. mofth8 external reStd fuNJs comectsd by Hy¢Jpn" 8rg rh?nneldthrough COEJ. Duringtheyear, the extemal restrtctsd fvnds of £22.341120L-£15,155lwe ftmitted to COEJ. £NILI2022. £52.8491 were remitted lo INorhJ FJ8r8ti0n. 23 Fthan¢lal commhm•nts Payable within.. Or year Batwéen hyo and fv¢ ye*$ 2023 15.138 2U22 15.138 138 25125