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MUSLIM KHOJA SHIA ITHNA-ASHERI COMMUNITY OF LEICESTER

Registered charity 1190388 · accounts filings on the Charity Commission register · filing overdue (register status)

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Latest income
£1.0m
Latest spending
£371k
Registered
2020
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that unrestricted reserves of £2,341,722 significantly exceed the trustees' stated policy target of approximately £90,000, representing three months of unrestricted expenditure. The charity reported a net income of £636,712 for the year, driven largely by restricted donations, while total expenditure was £371,282. The trustees and auditors confirm there are no material uncertainties regarding the charity's ability to continue as a going concern.

What the accounts disclose

Reserves policy: three months of unrestricted expenditure (held: £2.3m)
“The Managing Trustees have examined the Charity's requirement for reserves and have established a policy whereby the unrestricted funds held by the Charity should continue to be a minimum of 3 months of the unrestricted expenditure of the Charity. This equates to approximately £90,000 (2023: £80,000)” — page 6
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Remittance of restricted funds to COEJ
“During the year, the external restricted funds of £8,000 (2023 - £0) were remitted to COEJ.” — page 32
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Brain Paul Limited. Discloses 5 of 6 completeness components.

Structured financials (annual return, FY ending 31/03/2024)

Total income
£1.0m
Total spending
£371k
Reserves (reported)
£90k
Employees
2

Reported reserves equal ~2.9 months of spending — below the median for charities its size (median 4.8 months; benchmarks).

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Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Leicester City · Leicestershire

Income and spending

Financial year endIncomeSpending
31/03/2025——
31/03/2024£1.0m£371k
31/03/2023£542k£310k
31/03/2022£330k£293k
31/03/2021£0£0

Common questions

Is MUSLIM KHOJA SHIA ITHNA-ASHERI COMMUNITY OF LEICESTER financially healthy?

The accounts state that unrestricted reserves of £2,341,722 significantly exceed the trustees' stated policy target of approximately £90,000, representing three months of unrestricted expenditure. The charity reported a net income of £636,712 for the year, driven largely by restricted donations, while total expenditure was £371,282. The trustees and auditors confirm there are no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2024 accounts were audited by Brain Paul Limited.