MUSLIM KHOJA SHIA ITHNA-ASHERI COMMUNITY OF LEICESTER
THE OBJECT OF THE COMMUNITY IS TO PROMOTE AND ADVANCE BY ANY SUCH MEANS AS ARE ACCORDING TO THE LAWS OF ENGLAND EXCLUSIVELY THE ISLAMIC RELIGION IN ACCORDANCE WITH THE PRINCIPLES OF SHIA ITHNA-ASHARI SHARIA TO PROVIDE RELIEF TO THE POOR MEMBERS OF THE FAITH.
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
“Of this, £739,290 were restricted funds”
“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
“During the year, the external restricted funds of £8,000 (2023 - £0) were remitted to COEJ.” — page 32
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/03/2024)
Register events
- Received assets from another charity (18/05/2022)
Trustees
- Aliasgar Master
- Riaz Mawani
- Vasi-Hasan Dosani
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 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?
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. Its FY2024 accounts were audited by Brain Paul Limited.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| DAWAT-E-HADIYAH TRUST (UNITED KINGDOM) | 1 | £819k |
| THE LADY FATEMAH (A.S.) CHARITABLE TRUST | 1 | £520k |
| THE SAIFEE FOUNDATION OF EUROPE | 1 | £502k |
| THE IMAM HUSSEIN FOUNDATION | 1 | £2k |
Charities like this
- KHOJA SHIA ITHNA-ASHERI MUSLIM COMMUNITY (BAQUIR) LIMITED
- THE KHOJA SHIA ITHNAASHERI MUSLIM COMMUNITY OF LONDON
- ANJUMAN-E-SAIFEE (LEICESTER)
- KHOJA SHIA ITHNA-ASHERI MUSLIM COMMUNITY OF BIRMINGHAM
- THE MUSLIM SHIA ITHNA-ASHERI JAMAAT OF ESSEX
- THE MUSLIM KHOJA SHIA ITHNA-ASHERI COMMUNITY OF PETERBOROUGH
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| MUSLIM KHOJA SHIA ITHNA-ASHERI COMMUNITY OF LEICESTER | £1.0m | — | 0 | above | — | no doubt |
| KHOJA SHIA ITHNA-ASHERI MUSLIM COMMUNITY (BAQUIR) LIMITED | £703k | — | 0 | within | 34.9% | no doubt |
| THE KHOJA SHIA ITHNAASHERI MUSLIM COMMUNITY OF LONDON | £7.2m | Over £60,000 | 1 | unclear | — | no doubt |
| ANJUMAN-E-SAIFEE (LEICESTER) | £937k | — | 0 | unclear | — | no doubt |
| KHOJA SHIA ITHNA-ASHERI MUSLIM COMMUNITY OF BIRMINGHAM | £3.0m | — | 0 | unclear | — | no doubt |
| THE MUSLIM SHIA ITHNA-ASHERI JAMAAT OF ESSEX | £254k | — | 0 | unclear | — | no doubt |