REGISTERED lARITy NUMBEIL 299621 REPORT OF THE TRUSTEES.4f*T) iALDr[ED FtNANCIAL STATEMEprfs FOR THE YEAR EP4DED 311 JUYE 21123 FOR THF. MUSLIM 8HIA II'HNA-.ISHTr'RI JAMAA'IOF EX 3 'ellIngtt Street SE186NY
THE MUSLLM SHIA ITA.AsE]JmAT0F ESSEX COYTEiYTS OF THE FlINANCIAL STAI'EMENTS FOR THE YLIR ENDEDJO June 2023 Repurt of the Trngto I to 2 Indtpend¢nl Eximlner'i Report Ststemetht of FlnDdl Attlvllks Bolance tu tbe Flnanclal St•ttments 6 ¢0 11 D¢t*ll¢d %tAiem¢nt of FlnAn¢lxl ActMtle¥ 12 13
ThE MUSUM SHJA trHNA.ASHERI JAh14AT OF ESSEX REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 June 2023 The trustees pre88nt thgir r8POrt with the finafic statts of tharity ts the year ended 30 June 2023. tru8tee5 hav8 adopt8d th8 provisb)ns of Aco)unbThJ and Reporbng by Char¢b8s'. Staternent of Rennded Pracb applies8 to chan1$ preparing Iheir a¢Unty in accordanc wrfh tha Finanoal R8p(Kty"ng Standard applicab in UK and Rewblic of If¢LqTrJ IFRS 1021 leffec"¥e 1 January 2019). OBJECTIVES AND ACTivmes ObJe¢tlves and aim• The cèi8cb.ve for whith thè Conrnnty rè •stsbknI4J o to thonce thg 13lwnK Rd>Jh)n by 011 or any of the foltsing m8ans".- lal To promote t Shia Shwiat ol th• as inknrpreted by ts Shia lthna- Asheri thr#1 the Hdy Mw'tahid oflhè Shia IthnaA8h8ri both in the cTrty of Esw beyond. Ibl To 86cur8 the proV10n of M05qu8s and lrnamvados and to provhJe for th8 upkeep, r8storatK)n and repair of their fabric and maintOfi8N of the 8ery1c r¢In anol to suppty and 8rtellish thè fvmrturo and frtb'rg$ of Ju¢h M05ques and Imamvades. 1¢) To maintsln and dMbp th• wornhy aTrJ Irf? ol Ihe ShKg lthnB-A4horf. Idl To raw fundty invrt8 and r10 eontrtjub.oro any person or perxyo whatscever by w8y ol &ub8cription donation 8TrY otMMi8• provktsd that ts cMUnty •hl nL urbrtakg any pom)an8nt lrnding activ in r8i$ing funds for its chantabkn ¢)bJe¢bve. lel To d¢ all $uth oth•rthing8 ab ohall frJrth•rth• gcbp. A¢tfvitl•• During the y?8r, lh8 Charity wn'nu&J wrth rts a¢bYrt. aTrI thg a¢vitio8 for Ihe y•Mr. th• Executiv• Cornmrtt•è ef Managomant con8thrs the Chanty CmS.8 gwjance pubk borfrt and. in p8rbcular, 8pgcifl guirJanc• on ch•ritie8 lor th¢ advanc¥n G4 r•lig. In partKular, th• E¥•cuts" cnit¢8? of Managmnl provid•8 "vth"e8 that enaU¢ ordinary pe¢F to I1 out Iheir larfh part of through worship, prayor and d0p1J their krnw. STRUCTURE. GOVERNANCE AND MANAGEIWIT Gov•rnln9 dm•nt The thanty is eontrolknd by its dcoJnxrt • d•ed oftntyl and ccrnbtth•a In unirK&)rpor81 chgnty. R•¢rultm•nt and appolntm•nt of now tN•lM• Tru8tee5 are from Ih• m•mbor8 ty the G•rw81 •1 • Gewal M88b'r¥J of CMn. £ry years on• Tru8ts• retires by rotsb.on and an ?W"on 18 IJ. RetiriThJ Trustèts ar• •lKdibKg lor ro4bcb)n. organtIonal llructurn Th8 Managomont ol th• ¢mn * undortaken by an Exwthe C¢>ftffiit*• of Managemnt. whith c¢YnpriJ88 ninè lect members. The Truste a btsd on the activth8 ofthè Cefftnunty at regular meeting REFERENCE AND ADMINISTRATiVE DETAILS Regist•r•d Ch•rlty numb•r 299621 Prbnclpal addr•88 Ali Rèza IslamK C•ntr• Regina Road Chelmstsd CM1 1PE Trn•t••# R N4wii Irow9ra 20nor20rJi M Merali M Kapasi M F Haji laFwinbJ 20nor20231
ThE MUSUM SHIA IThNA-ASHERI JAMAAT OF ESSEX REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 Juno 2023 REFERENCE AND ADMINISTRATIVE AlLs Indopondent Examlnor Pitarnr K8thi SMP Associates Limrted ThaS Hous8, 2nd Flcor 3 W¢llington Str88t London SE18 6NY 4Dprov•d by ord•r ofth• boart of1Nste on ........... . 2•4 .. ar*i on rt8 b8h•M by.. S Manji Pr•skl8nt
LNDEPENDENT EXAE4ItNER'S REPORTTOTHE TRUSTEES OF THE MUSI.N SFttA TTHNA-ASHERI JAM.4AT OF ESSEX Indcpend¢#t examiAer'$ report to the tIW51ets otThe Muslim Shla lihntrAsheri JnuAt of Essex I report to the ¢hari¢y inLse8 Ort thy exiimiithiioty of1 of 'll Muslim Shia lthn&-Atheri jarnl of k6sex (the Tnk%ll for Ihe yeartnded i0JU ryO?J. Re%ponJlblilde8 aod of report As the Lharity Inisiets of Ihe 'fnLii you Are le4N1b for wepyrntiott of the •¢wwits in with the requir¢menL of I Charilies Aci OI I I'the Act). l rq in rtspect of my cxamin ofthe TrsyS accounts lrIed sLI0n 145 orth¢ Ad in ¢at)yin8 out my exainiiuiiott I have fouow'ed tsll xppli¢able Dirt¢lious given by th¢ Cfvwiiy CommissioEL SeLiion 145(S1(b) of thL Acl. Ind¢pend¢xt ¢xAmlDr'i $t•tement I Iwi'e coinplcied njy eXamUlL l ¢onfJrni thal no Djaterial D¥tters have eon)e my otteoti(rf) ity ¢oJme¢iiots with th¢ ainiiiation VIng mc c4use believt that in ally maieriaj respeLI'. •c¢ounitng TOrdS w¢tt llot kerrt in resrttrof the rtiWir by 130 of th¢ Aa: or the èLLQUmS do nol with thox OT the accounts th) not Lwmpty with the appli¢Jbk wuir¢m¢rsts ¢onl.Ing ih¢ fom) Jnd ntent Of ac¢ounts 4Ct out in lh¢ Chariiies (Accoullts aNI Rerx)rt81 Roguiations 21K)8 any rtquir¢mffli ikni the gi¢ounL4 giv¢ uv¢ and trtir%iew which i5 rnauer COD5idBrd as pan of an exami10 I havc •0 ¢onc¢rns And htsve ACT0 no her maiius in eonncclion thc cxaminaiion th wthich aitcnrion 6hould b¢ drawn in this Yert in order10 enthbk ll unders¢ing ofthe uccouttts to bc reAchc Pii&mber Knrki Th¢ Associntion ofchtrtcrcd Certificd Acc<NJntsnl8 A5%)ciat&q Limit Hou8¢, 2nd FILN)r 3 WellingloLJ S Loiidon SE18 6NY Dale.........
THE MUSLIIS SHtA ITILWA.ASHERI JAT OF SSEX STATEMENT OF FIINANCIAL AcfiviTIES FOR THL YEAR LNDED 30 Jutte 2023 2023 Toi81 RoiriCl fuTY h'o¢cs INCOlE AliD :NDOWhlTr.PUS VROM Donaiions and leg4¢Èt l91.958 38.786 230.744 31 114 Tnl'estment Lncomc 4.798 Tot1 19&756 38.786 235.542 312.125 XPLNDITLRL ON Raising fwi(Ls 12J07 )7 5.848 (hh¢r 52h94 52.694 46,937 Tolil 65_ty1 65.601 5?,785 ET INCO,M TrAnsftrs bekn'etu furnli 131.555 196,052) 38.386 96,052 169.941 259.340 N¢¢ movem¢xt Ill fvnd4 35.403 134,438 169,941 219J40 RFCUliCII,IATIUN Vb FLNDS TLltul funds bruughi forward 264.635 3.LV)1.806 3J56.$01 3,097.161 TOTAI, FLPIDSCARRIED FORWARD 3(Kl.138 3226JIH 3526.442 3,3S6.501
THE MUSUhl SHLA IThNAASHERI JT OF ESSEX BALANCE SHEET 30 JU2023 2023 Total 2022 Total lunds Unrp$tri R•str"c FIXED ASS$ Tangibk assets 173,732 3.422.829 3,596,561 3,517,418 CURRENT ASSErs Cash at bank and In hand 134,325 134.325 46.282 CReDITORS knounts falling du• wthhin om y 17.919) 17,9191 17,1991 NET CURRENT ASSErs 126.4C 39.fJ83 TOTAL ASSETS LESS CURRENT LIABiunES 31X),138 3,422,829 3,722,967 3,556,501 CREDITORS Arnount$ lalliThJ dug ofter )r* th3n ono year 1196.S251 1196,5251 12CK).Cthl NET ASSETS 3 356 501 FUNDS Unre$tricte(I fund•.' G?ra1 fund Rastricied lund•". 8uilding Fund 3c¥J,138 TOTAL FUNDS 3.358.501 Th fin8neA81 Statnts apwo¥od ty ts Boaol of ar •uthoria•d lor hBUg on A 704.,..... •ThJ on tts behalf by.. S Ratansi - Tr•88ur•r Th? notes form part ofth8se financial 5tatemBnts
THE MUSUM SHIA IThNA.ASHERI JAIAAAT OF ESSEX NOTES TO THE FINANCIAL STATEMEKrs FOR THE YEAR ENDED 30 JU 2023 AccoupmNG POLICIES ea$i• of prnparing the finan¢lal $tstsmenl• Th8 financial 5talernents of the ¢harity. whth is a tenefft enty under FRS 102, have teen prepared In accordancfj wrth the Charibas SORP IFRS 1021 'A¢c4xJnb"rg Rewrbng by chare$." Ststement of Recommen(19(I Prxtics aWicat4e to charl$ prepanng thw"r wsunts in accordance the Finanoal ReportirvJ StzTrdard appIat In the UK and Repu of Ireland IFRS 1021 leffeve 1 January 20191,. Finanrial R•portiro Standard 102 Tr Financial R8pJrting StATrJ3rd appiKabl& in th8 UK and Repu of Irdand, and the Ch8ritw Act 2011. The finarKi81 italYnts havo wepgr•J Iha histr¢41 costcon¥ention. Incom• Al Incon B Tec¢yniwl in thg Stat8rnMt of Finandal Acb"wts8 the tharity ha6 •nbUom•nt to thg fvnds. it is probae that the in¢xffjo will bè rnc•¥sd 8ffjd the con MlUr• r•llatty. Expondrturn L$abilitS are re0>anIs Ba exrJr• •• 0Th ¥• li a l&Jal or tomitrutha l9gbOn ¢ommitbNJ th• ehanty to that expendrture. it o prctth)K8 that a transfer of •rnntynic inths will te required in Settment and the 8mount of lh8 obligatn can n88ur•d relkibty. ExFeTrJitur8 acrnjntsd for on an acGwaL5 basis and hos been dassified under h•adirrfJ$ that aggro98le all co81 to tho catsgory ere Costs cannot ts• dir8Ctty attributed lo Partr headir4Js they hovg b88n aUocat•d ¢0 ath"vitses on a t)aJi$ consi5t•nt wrth the use T•nglblo Ilx•d a¥¥•ts D•pw8tK)n provMJ•¢J al ts folking annual ratyi in othlo wrrto off o•th aBBgt o¥er its •8timatsd lih. Frèèheld prepoty Flxtur•8 and fittings Computer WulknI 2% on ¢t 25% on cost 25% t ce8t Taxatlon The thanty •ypt Irryn tox on its charltIo 8thth8. Fund A¢¢4)untlThJ Unr•8ln"ctod fvnds c•n Ix Lwd in 0ccg)rd with chathablo obJecth• at ol th• trLMtee8. RestrKt8d hjnds tan only b• u8ed for p•rt1ar festrKtgJ purp0886 wthin obJ"eGts of tharity. Rostrt)rA •ri$e when specthed by the donor when frjnds arè rald for party8r purpots. FUrth8rexpLHnati olth• natur• and pup)10 ofo•r I¥1 li indu in th• not•• to the financial statOnI8. DONATIONS AND LEGACIES 2023 2022 IXsnaliiin8 "ft aid 115,022 294,475 17839 312 114 Contind...
THE MUSLtM SHIA ITELNA-ASHERI JLIL4AT OF ESSEX NOTES I'O THE FINANCIAL ST.4TEMEfffS- ¢oDlfnved FOR THE YEAR LNDLD 30 June 2023 DONATIONS AND LLGACIES 2023 2022 )nativns Gift aid 115.029 115.7?2 294.475 17.639 230,744 INVESTMETrI INCOME 2023 2022 R¢nts Re¢ived Dwit a¢¢ouni int¢res¢ 4.798 TRUSTEES, KEMUYERATION AND BENEFITS The iiLYe no InistLU' Ketnunernu or th ix**fits for th¢ y¢sr ¢od¢d 30 JWK. W23 nor for fv yiar et)d¢d 30 jw 2022. I'ru$teeJ' txpeBs TherL' WL no trttst¢ts' exrrtnxtt. pfjtd for the Ye%rend 30 kn¢ 2023 Th)r forthe yrweth 30 Jun¢ 2022. COMPA114TIVES FOR THE STATEhlEhT OF FINknICIAL AcrtllTIES l..nr¢£iricioJ Totsl INCO.ME AND ENDOWMENTS FROM LknatI0 and lewit 275,9&) 36,154 312.114 Investment ill¢ome 275.971 36,1.$4 312,125 EXPF,J'DIThRE ON Rai.%iDg fiind 46,937 46,937 TotAI 52J85 52,785 ET Il¥COME TrMllsf¢rs b¥tween fundi 223J86 ?80.4591 35.7.54 280.459 259.140 Net rnowement In flln ($6,873) RECO)CILL4TIOPI OF FLM)S Tutsl tutth bivughi totward J21,508 2.775.653 3.097.161 ontinueJJ.,.
THE TrIUSLLM SHL4 fiiLNA.ASHERI JLM.4AT OF E&SEX NO'fLs i'o THE FIN'ANCIAL ST.4TEMEIYTS- ¢il•tivued FOR THE YEAR ETr4DED30 Jumt 2023 CO.NIPARATIVFS FOR TIIE STATETrIEP4T OF FINLN.CI.IL Acni"ITILS-tokndttued Total rwid5 TOTAL FUNDS CARRIED FORW. 264.63S 3.091,866 3J56,501 TANGIBLE FI.XED ASSETS Fthld rittings equipmeni Toth15 COST Ai l Jul), 202• Additions 3,S66,680 tIO.963 12.332 3.380,01 811.Y63 AI 30 June 023 3.647.643 3.6fKJ.984 DbPXLCIAI'ION Al l Jul). 21117 Chargc loy ytar 54.ni 477 177 62.603 1.¥2U 1.643 AI 30 JU 2023 $4,721 654 64.423 I'kl. BOOK I'ALUL AI 30 June 2023 3 J92.9•2 355 3.596.561 At 30 Jun¢ 2022 3511.959 4,927 53? 3.517,418 No dwllation iy char8&4 on buitdkn85 Utth conqtnth as the cwt of th¢ builditi8 is #lwd of irs prodU1Ve CRF.DITORS: AMOUNTS FALLThG DUF. WITHI) ONE YEAR 2023 *022 Oth¥Y cr¢dilDrn 7,919 7,199 cOrttinu...
THE.1fUSI SHIA JTHNA-ASHERI JXNIAAT OF ESSEX TrJ01"ES TO THE FINANCI.IL ST.4TEMEfm- tottlsttmed FOR T1 YEAR ENDED 30 2011 CREDI"fORS: AMOUNTS FALLI.NC DUE ATrTER MOItL TlfAPI ONE I"EAR 2023 her¢r¢ditors 196.525 2(M).IX)O MOVEMENf IDI FUTrIDS Transfe At 3016123 Ai Inra) Ullrtstrlded funds (ien¢rnl fuTKI 264.635 131.555 {96.052) 3(KJ.138 Restrlcted fvDd6 11)¢ Council i)I'EuropcAnJomDD15 Buildin& Fund 111.2CK)I 107,252 3.091.866 27.186 3 ?26.304 3.()1,800 38,386 9(05? 3.226.304 T(yfAL 3356.501 169.941 3 J26.44? Net moTreTh¢nt in fun inclth in the &t¥)Ve Are ts follows: Incornin8 Resowces expcndcd Movcmenl in funds Unrestrl¢tsO fun Gcn¢rnl fiuxl 196,756 (65201 131,5.55 R¢$trl¢t¢d tsnd$ The Counctl ufEuropean Jamaats Building FLd 141Xb) 11.2 27,186 27.180 J8.780 38.IB6 TOTAL FUNI DS 235,542 (65,0011 169.941 coDtinu¢d...
THE MUSLLM SH5.4 ITHNA-ASHERI JAMAAT OF E&SEX NufES TO THF FJNAryCIAL STATEMINTS- ¢tin(l FOR THE EPIDLD 30 2023 ,MOVEMENT IN FLTr4DS- ¢ontln4ed Comp4rgtives for mov¢mc•t Net moiemetlt infi At 301&22 At inr21 funds Unrtstrleted fwids GenLral nd 321508 223.586 (280,4591 264,6.15 Restrtctrd lund8 Th¥ CvuaLiI of Eur¢)[ Jams8ts Buil¢Jing Fund 850 18501 281..109 2,775.653 3,091.866 1775.653 35,754 280.459 3.091,866 'ro'rAL FUYDS 3,097.161 259.340 -1.456.501 CornpNrntiY¢ nd moY¢wi in fwMi% intltwd ui th¢ follows: Tncomin8 ResotsTCC5 MovLmcTht exnd¢d in fu5)d Unrestrlrted fwn O¢n¢rnl fLLnd 275.971 (52.3851 223J86 Rtjirlettd funds The Ctstynril of European J•m8ws Buildin$ Fund 1.250 14&)1 850 34. 36,154 (4(KJl 35.754 TOTAL FUNDS 31? 125 {5• 7851 259.340 A curtenl year 12 month5 8nd prior)t 12 conth1 170 1$ 0$ follows: Transf¢r8 bv¢¢tJ mm'¢m¢ni Ai 3016r23 Unr¢strl¢ted fundi General fu1 321J08 355.141 1376.511) 3(KJ,138 Re¥trl¢t¢d fullds Th¢ L()uncil ol'F.urop¢wJ Jts Building Futld (1?0501 388.561 2,775.653 3226304 2.775.643 74.140 376.511 3 ?26.3( TOTAL FL"M)S 3,097.161 4?9.281 3.526.442 -1 ci)ntinued...
THE MUSLIM SHIA ITELYA-ASHERI JATrIAAT OF ESSEX NOTLS I'O I'HE FINJANCI.4L ST.4TFM£P¥tS- FOR"fHL YLAR ENDED 30 jne 2023 MOVEMENT IN TrINDs-¢oDrf4 A curreni ycaT 12 rnOn and prior Ye l• rN)Eth nd movel in Incl in the 4F¥Jve gre os follow$: Incoming Rc2M)UTce5 ¢xJxndcd MoVeD)I in funds Ullrtslrt¢l¢d funds Gcncral fiind (117.586) 355.141 Restrleted futtds The Council ofEurryon Janw Buildin¥ Fund 12.850 {8) 12,050 62.090 74.940 I¥) 74.140 Tl'Al. fy'UNDS 547.667 {11¥.3861 429.2111 RLIAI'LD PAKfi' DI$CLOSURL$ There were no rclifrd [rtY transxtitffls rtff the yelrended 30 20JI .
THE luSL[sH1A ITHYA.ASFIERtJLMAAT OF ESSEX DEI'AILED STATEMENT OF FIYJ ANCIAL ACTIVITIES FOR TItE YLIR ENDED 30Jutte 2023 20?3 Tothl 2022 unrestri ReAricted ruThts JNCO.IIfr' A,ND V'NIM)WNtLr44'18 Don#ii02)5 Gitl ftid 38.786 115.0? 115.7?2 115.722 17,639 191.958 3&786 230.744 lrtYesim¢ni Incoffle Rcnts rec¢ived Deposii o¢¢o#ni interesl 4.550 4.550 248 4.798 4,798 Tot1 Intomln8 rexiurc 196.756 38.786 J5.54• EXPFYDITURE Koi41ng don•tloJi And leRAcles InEutsLnLe id 8iAs and do110$ 2,993 9.514 5,338 9.514 12J07 5,448 Support foity M*nA8ement IL1reb. Couniil athj water Light and ht#i Pvsu¥¥ SLm)nery Mfidre& expenses Marqutt and Ny87. AHlim groni Hady Hall HITC Sub8CriPtv)ns Travel ¢xpen5C• 833 4.691 3.5S8 1.767 2.937 17,750 456 833 4.(>91 3.558 1,767 2,937 17.750 450 3.397 310 2,118 6.401 17,(175 1,652 31,992 31392 31,953 FlnAD¢¢ Telcpknic ljank chargc5 435 214 4.15 214 254 649 fA9 625 -12-
THE mus SHIA ITIIYA.ASHERI OF ESSE DETAILED SI'..ITEMENT OF FINAf4CIAL AcfiviTIF3 FOR TIIE YEAR ENDED 30 Jutt 2023 2023 Total 2022 Unrtstrirtcd Rcstriclcd Finance InformitloD t¢¢hnoloEy Rep¥its anLt 7.472 7.472 (Jth¢r Fixtures and fJttin8S Computer ¢quipmLltt 1.649 178 1.642 178 1.642 178 1.820 1.820 1.820 Govtrnth•ct ¢osts Siindries Accountw and Icga] frns I.ty Fees 1,560 934 5.699 986 934 8.267 10.761 10,761 6.678 Total TesourL%5 expamkd 65201 65.1 52,785 N¢t In¢om¢ 131.555 38.386 169.941 259.340 -13-