THE KHOJA SHIA ITHNAASHERI MUSLIM COMMUNITY OF LONDON
The objects for which the Charity has been established is to promote and advance the Islamic Religion in accordance with the principles of the Shia Ithna-Asheri Sharia and to provide for the relief of poverty among Muslims of the Shia Ithna-Asheri faith.
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
“There was one employee who's remuneration and emoluments was over £60,000 (2022: none).” — page 19
“There was one employee who's remuneration and emoluments was over £60,000 (2022: none).” — page 19
“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
“£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
“£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
“£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
“£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
“£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
“The charity owns 100% shares through its trustees of 01Futr Limited, a limited company, registered in England & Wales, company number 15077776.” — page 18
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)
Trustees
- Sajjad Tejanichair
- Abbas Gulamali
- Faiyaz Nurmohamed
- Mahmood JESSA
- Makbul Jaffer
- Mohammed Akil Kanani
- Moshin Kassam
- Nasima Karim
- Raihana Mustafa Mawjee
- Sadikally Premji
- Sajeda Panju
- Salim Hamir
- Shagufta Dhalla
- Sukayna Ashikali
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?
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. 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 | Purpose (as stated by the funder) |
|---|---|---|---|
| THE IMAM HUSSEIN FOUNDATION | FY2022 | £2k |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE LADY FATEMAH (A.S.) CHARITABLE TRUST | 1 | £520k |
Charities like this
- KHOJA SHIA ITHNA-ASHRI (SOUTH LONDON) JAMAAT
- KHOJA SHIA ITHNA-ASHERI MUSLIM COMMUNITY OF BIRMINGHAM
- MUSLIM KHOJA SHIA ITHNA-ASHERI COMMUNITY OF LEICESTER
- THE MUSLIM KHOJA SHIA ITHNA-ASHERI COMMUNITY OF PETERBOROUGH
- KSI MUSLIM COMMUNITY OF MILTON KEYNES
- MARKAZ UD DAWAT WAL IRSHAD LONDON UK MUSLIM COMMUNITY CENTRE
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE KHOJA SHIA ITHNAASHERI MUSLIM COMMUNITY OF LONDON | £7.2m | Over £60,000 | 1 | unclear | — | no doubt |
| KHOJA SHIA ITHNA-ASHRI (SOUTH LONDON) JAMAAT | £1.5m | — | 0 | unclear | — | no doubt |
| KHOJA SHIA ITHNA-ASHERI MUSLIM COMMUNITY OF BIRMINGHAM | £3.0m | — | 0 | unclear | — | no doubt |
| MUSLIM KHOJA SHIA ITHNA-ASHERI COMMUNITY OF LEICESTER | £1.0m | — | 0 | above | — | no doubt |
| THE MUSLIM KHOJA SHIA ITHNA-ASHERI COMMUNITY OF PETERBOROUGH | £535k | — | 0 | unclear | — | no doubt |
| KSI MUSLIM COMMUNITY OF MILTON KEYNES | £165k | — | 0 | above | — | no doubt |