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2025-06-30-accounts

REGISTERED CHARITY NUMBER: 299621

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

FOR

THE MUSLIM SHIA ITHNA-ASHERI JAMAAT OF ESSEX

THE MUSLIM SHIA ITHNA-ASHERI JAMAAT OF ESSEX

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 June 2025

Page
Report of the Trustees 1 to 2
Independent Examiner's Report 3
Statement of Financial Activities 4
Balance Sheet 5
Notes to the Financial Statements 6 to 11
Detailed Statement of Financial Activities 12 to 13

THE MUSLIM SHIA ITHNA-ASHERI JAMAAT OF ESSEX REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 June 2025

The trustees present their report with the financial statements of the charity for the year ended 30 June 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The objective for which the Community is established is to advance the Islamic Religion by all or any of the following means:-

(a) To promote the Shia Shariat of the Islamic religion as interpreted by the Shia Ithna- Asheri through the Holy Mujtahid of the Shia Ithna-Asheri both in the County of Essex and beyond.

(b) To secure the provision of Mosques and Imamvades and to provide for the upkeep, restoration and repair of their fabric and the maintenance of the services therein and to supply and embellish the furniture and fittings of such Mosques and Imamvades.

(c) To maintain and develop the worship and life of the Shia Ithna-Asheri.

(d) To raise funds and invite and receive contributions from any person or persons whatsoever by way of subscription donation and otherwise provided that the Community shall not undertake any permanent trading activities in raising funds for its charitable objective.

(e) To do all such other things as shall further the above-mentioned objective.

Activities

During the year, the Charity continued with its activities. When planning the activities for the year, the Executive Committee of Management considers the Charity Commission's guidance on public benefit and, in particular, the specific guidance on charities for the advancement of religion. In particular, the Executive Committee of Management provides activities that enable ordinary people to live out their faith as part of the community through worship, prayer and developing their knowledge.

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.

Recruitment and appointment of new trustees

Trustees are elected from the members by the General body at a General Meeting of the Community. Every two years one Trustee retires by rotation and an election is held. Retiring Trustees are eligible for re-election.

Organisational structure

The Management of the Community is undertaken by an Executive Committee of Management, which comprises nine elected members. The Trustees are briefed on the activities of the Community at regular meetings.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 299621

Principal address

Ali Reza Islamic Centre Regina Road Chelmsford CM1 1PE

Trustees

M Merali M Kapasi M F Haji

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THE MUSLIM SHIA ITHNA-ASHERI JAMAAT OF ESSEX

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 June 2025

REFERENCE AND ADMINISTRATIVE DETAILS

Independent Examiner

Danial Ahmed Serene Valley Advisors Limited 71-75 Shelton Street Covent Garden London WC2H 9JQ

Approved by order of the board of trustees on .....................30/4/26........................ and signed on its behalf by:

SIGN ........................................................................ S Manji - President

-2-

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE MUSLIM SHIA ITHNA-ASHERI JAMAAT OF ESSEX

Independent examiner's report to the trustees of The Muslim Shia Ithna-Asheri Jamaat of Essex

I report to the charity trustees on my examination of the accounts of The Muslim Shia Ithna-Asheri Jamaat of Essex (the Trust) for the year ended 30 June 2025.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Danial Ahmed

The Association of Chartered Certified Accountants

Serene Valley Advisors Limited 71-75 Shelton Street Covent Garden London WC2H 9JQ

Date: .......................30/4/26......................

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THE MUSLIM SHIA ITHNA-ASHERI JAMAAT OF ESSEX

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 June 2025

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Investment income
3
Total
EXPENDITURE ON
Raising funds
Other
Total
NET INCOME
Transfers between funds
10
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
funds
£
238,178
7,551
245,729
46,769
72,303
119,072
126,657
(42,869)
83,788
419,040
502,828		 Restricted
funds
£
8,501
-
8,501
-
400
400
8,101
42,869
50,970
3,238,396
3,289,366		 2025
Total
funds
£
246,679
7,551
254,230
46,769
72,703
119,472
134,758
-
134,758
3,657,436
3,792,194		 2024
Total
funds
£
212,899
6,703
219,602
23,315
65,293
88,608
130,994
-
130,994
3,526,442
3,657,436

The notes form part of these financial statements

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THE MUSLIM SHIA ITHNA-ASHERI JAMAAT OF ESSEX

BALANCE SHEET 30 June 2025

Notes
FIXED ASSETS
Tangible assets
6
Social investments
7
CURRENT ASSETS
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
8
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
CREDITORS
Amounts falling due after more than one year
9
NET ASSETS
FUNDS
10
Unrestricted funds:
General fund
Restricted funds:
Building Fund
TOTAL FUNDS		 Unrestricted
funds
£
171,543
53,833
225,376
277,964
(512)
277,452
502,828
-
502,828		 Restricted
funds
£
3,452,021
-
3,452,021
-
1
1
3,452,022
(162,656)
3,289,366		 2025
Total
funds
£
3,623,564
53,833
3,677,397
277,964
(511)
277,453
3,954,850
(162,656)
3,792,194
502,828
3,289,366
3,792,194		 2024
Total
funds
£
3,608,228
53,833
3,662,061
192,371
(471)
191,900
3,853,961
(196,525)
3,657,436
419,040
3,238,396
3,657,436

The financial statements were approved by the Board of Trustees and authorised for issue on ..............30/4/26............................... and were signed on its behalf by:

M Moledina - Treasurer

The notes form part of these financial statements

-5-

THE MUSLIM SHIA ITHNA-ASHERI JAMAAT OF ESSEX NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 June 2025

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property - 2% on cost Fixtures and fittings - 25% on cost Computer equipment - 25% on cost

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

2. DONATIONS AND LEGACIES

Donations
Gift aid		 2025
£
196,946
49,733
246,679		 2024
£
144,851
68,048
212,899

-6-

continued...

THE MUSLIM SHIA ITHNA-ASHERI JAMAAT OF ESSEX NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 June 2025

3. INVESTMENT INCOME

INVESTMENT INCOME
2025 2024
£ £
Rents received 4,593 4,755
Deposit account interest 2,958 1,948
7,551 6,703

4. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 June 2025 nor for the year ended 30 June 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 30 June 2025 nor for the year ended 30 June 2024.

5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

INCOME AND ENDOWMENTS FROM
Donations and legacies
Investment income
Total
EXPENDITURE ON
Raising funds
Other
Total
NET INCOME
Transfers between funds
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
funds
£
207,899
6,703
214,602
22,915
65,293
88,208
126,394
(7,492)
118,902
300,138
419,040		 Restricted
funds
£
5,000
-
5,000
400
-
400
4,600
7,492
12,092
3,226,304
3,238,396		 Total
funds
£
212,899
6,703
219,602
23,315
65,293
88,608
130,994
-
130,994
3,526,442
3,657,436

continued...

-7-

THE MUSLIM SHIA ITHNA-ASHERI JAMAAT OF ESSEX

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 June 2025

6. TANGIBLE FIXED ASSETS

COST
At 1 July 2024
Additions
At 30 June 2025
DEPRECIATION
At 1 July 2024
Charge for year
At 30 June 2025
NET BOOK VALUE
At 30 June 2025
At 30 June 2024		 Freehold
property
£
3,659,735
17,100
3,676,835
54,721
-
54,721
3,622,114
3,605,014		 Fixtures
and
fittings
£
14,192
694
14,886
11,155
2,281
13,436
1,450
3,037		 Computer
equipment
£
1,009
-
1,009
832
177
1,009
-
177		 Totals
£
3,674,936
17,794
3,692,730
66,708
2,458
69,166
3,623,564
3,608,228

No depreciation is charged on buildings under construction as the cost of the building is ahead of its productive use.

7. SOCIAL INVESTMENTS

MARKET VALUE
At 1 July 2024 and 30 June 2025
NET BOOK VALUE
At 30 June 2025
At 30 June 2024
8.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Taxation and social security
Other creditors		 2025
£
512
(1)
511		 Other
investments
£
53,833
53,833
53,833
2024
£
472
(1)
471

-8-

continued...

THE MUSLIM SHIA ITHNA-ASHERI JAMAAT OF ESSEX NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 June 2025

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

Other creditors
10.
MOVEMENT IN FUNDS
Unrestricted funds
General fund
Restricted funds
The Council of European Jamaats
Building Fund
TOTAL FUNDS
Net movement in funds, included in the above ar
Unrestricted funds
General fund
Restricted funds
The Council of European Jamaats
Building Fund
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
Restricted funds
The Council of European Jamaats
Building Fund
TOTAL FUNDS		 At 1/7/24
£
419,040
-
3,238,396
3,238,396
3,657,436
e as follows:
At 1/7/23
£
300,138
-
3,226,304
3,226,304
3,526,442		 Net
movement
in funds
£
126,657
8,100
1
8,101
134,758
Incoming
resources
£
245,729
8,500
1
8,501
254,230
Net
movement
in funds
£
126,394
4,600
-
4,600
130,994		 2025
£
162,656
Transfers
between
funds
£
(42,869)
(8,100)
50,969
42,869
-
Resources
expended
£
(119,072)
(400)
-
(400)
(119,472)
Transfers
between
funds
£
(7,492)
(4,600)
12,092
7,492
-		 2024
£
196,525
At
30/6/25
£
502,828
-
3,289,366
3,289,366
3,792,194
Movement
in funds
£
126,657
8,100
1
8,101
134,758
At
30/6/24
£
419,040
-
3,238,396
3,238,396
3,657,436

-9-

continued...

THE MUSLIM SHIA ITHNA-ASHERI JAMAAT OF ESSEX NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 June 2025

10. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
The Council of European Jamaats
TOTAL FUNDS		 Incoming
resources
£
214,602
5,000
219,602		 Resources
Movement
expended
in funds
£
£
(88,208)
126,394
(400)
4,600
(88,608)
130,994

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
Restricted funds
The Council of European Jamaats
Building Fund
TOTAL FUNDS		 At 1/7/23
£
300,138
-
3,226,304
3,226,304
3,526,442		 Net
movement
in funds
£
253,051
12,700
1
12,701
265,752		 Transfers
between
funds
£
(50,361)
(12,700)
63,061
50,361
-		 At
30/6/25
£
502,828
-
3,289,366
3,289,366
3,792,194

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
The Council of European Jamaats
Building Fund
TOTAL FUNDS		 Incoming
resources
£
460,331
13,500
1
13,501
473,832		 Resources
Movement
expended
in funds
£
£
(207,280)
253,051
(800)
12,700
-
1
(800)
12,701
(208,080)
265,752

-10-

continued...

THE MUSLIM SHIA ITHNA-ASHERI JAMAAT OF ESSEX

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 June 2025

11. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 30 June 2025.

-11-

THE MUSLIM SHIA ITHNA-ASHERI JAMAAT OF ESSEX

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 June 2025

Unrestricted
Restricted
funds
funds
£
£
INCOME AND ENDOWMENTS
Donations and legacies
Donations
188,445
8,501
Gift aid
49,733
-
238,178
8,501
Investment income
Rents received
4,593
-
Deposit account interest
2,958
-
7,551
-
Total incoming resources
245,729
8,501
EXPENDITURE
Raising donations and legacies
Insurance
4,477
-
Eid gifts and donations
42,292
-
46,769
-
Support costs
Management
Rates, Council Tax and water
47
-
Light and heat
6,217
-
Madressa expenses
5,225
-
Marquee and Nyaz
2,814
-
Aalim grant and Hadya
9,990
-
Subscriptions
-
400
Cleaning
4,228
-
28,521
400
Finance
Wages
27,844
-
Pensions
648
-
Telephone
611
-
Bank charges
243
-
29,346
-
Information technology
Repairs and renewals
11,509
-
Other
Fixtures and fittings
2,281
-
Computer equipment
178
-
2,459
-		 2025
Total
funds
£
196,946
49,733
246,679
4,593
2,958
7,551
254,230
4,477
42,292
46,769
47
6,217
5,225
2,814
9,990
400
4,228
28,921
27,844
648
611
243
29,346
11,509
2,281
178
2,459		 2024
Total
funds
£
144,851
68,048
212,899
4,755
1,948
6,703
219,602
4,153
18,762
22,915
(118)
7,716
6,279
3,877
16,982
400
4,712
39,848
8,678
159
568
278
9,683
15,273
2,107
178
2,285

This page does not form part of the statutory financial statements

-12-

THE MUSLIM SHIA ITHNA-ASHERI JAMAAT OF ESSEX

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 June 2025

Unrestricted
Restricted
funds
funds
£
£
Other
Governance costs
Sundries
-
-
Accountancy and legal fees
468
-
Legal Fees
-
-
468
-
Total resources expended
119,072
400
Net income
126,657
8,101		 2025
Total
funds
£
-
468
-
468
119,472
134,758		 2024
Total
funds
£
82
(7,493)
6,015
(1,396)
88,608
130,994

This page does not form part of the statutory financial statements

-13-