THE KHOJA SHIA ITHNAASHERI MUSLIM COMMUNITY OF LONDON
Latest income
£7.2m
Latest spending
£5.9m
Registered
1983
Accounts read
FY2023
Financial health, per its FY2023 accounts
The accounts state that unrestricted general reserves stood at £1,244,406, which is above the trustees' stated policy target of approximately £300,000. However, the President's report notes that cash flows were significantly affected by rising utility expenses and refurbishment costs, urging continued member contributions to sustain operations.
What the accounts disclose
Highest-paid employee band: Over £60,000 — below the median for charities its size (£76k)
“There was one employee who's remuneration and emoluments was over £60,000 (2022: none).” — page 19
Per its FY2023 accounts as filed with the Charity Commission.
Employees paid over £60,000: 1
“There was one employee who's remuneration and emoluments was over £60,000 (2022: none).” — page 19
Per its FY2023 accounts as filed with the Charity Commission.
Reserves policy: three months of unrestricted expenditure (held: £1.2m)
“To safeguard the core activities in periods of fluctuating income, where possible, the Trustees have determined to establish free reserves (i.e. those unrestricted reserves not tied up in tangible fixed assets) at a level sufficient to meet the Charity’s requirements for a minimum period of 3 months of unrestricted expenditure in any given year equating to approximately £300,000.” — page 7
Per its FY2023 accounts as filed with the Charity Commission.
Related-party transaction: Payment to CoEJ
“£309,005 (2022: £260,134) has been paid out to CoEJ which includes funds received for religious dues and sadka.” — page 25
“Included within creditors, amounts falling due after more than one year, is an amount £8,083,412 (2022: £8,083,412) from the World Federation. There is no interest attached to this amount.” — page 25
Per its FY2023 accounts as filed with the Charity Commission.
Related-party transaction: Loan from WF
“£309,005 (2022: £260,134) has been paid out to CoEJ which includes funds received for religious dues and sadka.” — page 25
“Included within creditors, amounts falling due after more than one year, is an amount £8,083,412 (2022: £8,083,412) from the World Federation. There is no interest attached to this amount.” — page 25
Per its FY2023 accounts as filed with the Charity Commission.
Related-party transaction: Payments to other related parties
“£309,005 (2022: £260,134) has been paid out to CoEJ which includes funds received for religious dues and sadka.” — page 25
“Included within creditors, amounts falling due after more than one year, is an amount £8,083,412 (2022: £8,083,412) from the World Federation. There is no interest attached to this amount.” — page 25
Per its FY2023 accounts as filed with the Charity Commission.
Related-party transaction: Donations from trustees
“£309,005 (2022: £260,134) has been paid out to CoEJ which includes funds received for religious dues and sadka.” — page 25
“Included within creditors, amounts falling due after more than one year, is an amount £8,083,412 (2022: £8,083,412) from the World Federation. There is no interest attached to this amount.” — page 25
Per its FY2023 accounts as filed with the Charity Commission.
Related-party transaction: Loans from trustees
“£309,005 (2022: £260,134) has been paid out to CoEJ which includes funds received for religious dues and sadka.” — page 25
“Included within creditors, amounts falling due after more than one year, is an amount £8,083,412 (2022: £8,083,412) from the World Federation. There is no interest attached to this amount.” — page 25
Per its FY2023 accounts as filed with the Charity Commission.
Trading subsidiary: 01Futr Limited
“The charity owns 100% shares through its trustees of 01Futr Limited, a limited company, registered in England & Wales, company number 15077776.” — page 18
Per its FY2023 accounts as filed with the Charity Commission.
Year-over-year changes
- Employees paid over £60,000: 0 (FY2022) → 1 (FY2023).
Leadership, per the charity’s website
- Mahmood R. Jessa — Honorary Secretary
Structured financials (annual return, FY ending 31/12/2023)
Total income
£7.2m
Total spending
£5.9m
Cost of raising funds
£96k
Reserves (reported)
£1.7m
Employees
28
Trustees
- Arif Hussein
- Asad Hamir
- Bashir Pirbhai
- Doureine Hiridjee
- Mahmood JESSA
- Murtaza Gulamhusein
- Sadikally Premji
- Sajeda Panju
- Sajjad Tejani
- Samana Fazel
- Shabbir Merali
- Soukeina Premdjee
- Sukaina Hassanali Nurmohamed
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | — | — |
| 31/12/2023 | £7.2m | £5.9m |
| 31/12/2022 | £10.7m | £2.8m |
| 31/12/2021 | £1.9m | £1.9m |
| 31/12/2020 | £1.9m | £2.0m |
Common questions
Is THE KHOJA SHIA ITHNAASHERI MUSLIM COMMUNITY OF LONDON financially healthy?
The accounts state that unrestricted general reserves stood at £1,244,406, which is above the trustees' stated policy target of approximately £300,000. However, the President's report notes that cash flows were significantly affected by rising utility expenses and refurbishment costs, urging continued member contributions to sustain operations. Its FY2023 accounts were audited by Gerald Edelman LLP.
What does the highest-paid employee of THE KHOJA SHIA ITHNAASHERI MUSLIM COMMUNITY OF LONDON earn?
Per its FY2023 accounts, the highest-paid employee was in the Over £60,000 band, and 1 employees earned over £60,000.
Who funds THE KHOJA SHIA ITHNAASHERI MUSLIM COMMUNITY OF LONDON?
Funders whose own accounts filings name THE KHOJA SHIA ITHNAASHERI MUSLIM COMMUNITY OF LONDON as a grant recipient include THE IMAM HUSSEIN FOUNDATION.
Known funders
| Funder | Year | Amount |
|---|---|---|
| THE IMAM HUSSEIN FOUNDATION | FY2022 | £2k |