Finance Score: -4

Governance Score: 3

Support Score: 0

Liabilities <10%: +3
Excess reserves: -5
Fundraising costs high: -2

Dynamic board: +3

No supporters identified

Overall GiG Score: -1

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.

Analysis by Giving is Great

Positives:

This charity has a robust balance sheet
The Board appears to be dynamic in terms of composition

Regulatory & Governance issues to consider:

Over half the Board have joined recently

Financial issues to consider:

This charity has substantial assets and unrestricted reserves of £2,536,025 available, equivalent to 98 months of spending and so may not be able to utilise additional funding
Fundraising costs are high relative to funds raised

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E	Income £k	Spending £k	Surplus/ Deficit £k	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff	Volun- teers
31/03/23	£542	£310	£232	£119	£2,650	£2,536	98.1	2	30
31/03/22	£330	£293	£37	n/a	n/a	n/a	n/a	n/a	n/a
31/03/21	£0	£0	£0	n/a	n/a	n/a	n/a	n/a	n/a

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Financial Ratios

Fundraising Costs/Relevant Income: 23.2%
Fundraising Costs/Total Spending: 38.5%
Highest pay band: Less than £60,000
Liabilities/Assets: 9%
Liabilities/Income: 47%
Unrestricted Funds/Total Funds: 96%
Reserves/Spending: 98.1 months
Net Current Assets/Spending: 13 months
Quick Ratio: 8.3

Asset Split ?

Balance Sheet History

Established: 4 years

www.mksileicester.org

secretary@mksileicester.org

01162769896

Charity Commission for England and Wales

Tweets

Listed activities

Education/Training
Religious Activities

GiG Classification

Muslim congregations

How it operates

Provides advocacy/advice/information
Provides buildings/facilities/open space
Provides services

Where it operates

Leicester City, Leicestershire,

Who it helps

Children/Young People
Elderly/Old People
Other Charities Or Voluntary Bodies
People Of A Particular Ethnic Or Racial Origin

Who supports them? ?

We have no records of donations from grant makers.

How is it governed?

Trustees (5)

Current Trustees appointed

ALI MASTER Appointed: 2023

HUSSEIN ALI FAZAL Appointed: 2023

MOHAMMED RAFIQUE BHOJANI Appointed: 2020

RIAZ MAWANI Appointed: 2023

VASI-HASSAN DOSANI Appointed: 2023

Legal constitution

Charity registered in England & Wales on 13/07/2020, number: 1190388

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Bullying and harassment policy and procedures
Campaigns and political activity policy and procedures
Complaints handling
Complaints policy and procedures
Conflicting interests
Engaging external speakers at charity events policy and procedures
Financial reserves policy and procedures
Internal charity financial controls policy and procedures
Internal risk management policy and procedures
Investing charity funds policy and procedures
Investment
Paying staff
Risk management
Safeguarding policy and procedures
Safeguarding vulnerable beneficiaries
Serious incident reporting policy and procedures
Social media policy and procedures
Trustee conflicts of interest policy and procedures
Trustee expenses policy and procedures
Volunteer management

Filing Record

3 returns made; all on time

Recent reorganisation events:

Asset transfer in from MUSLIM KHOJA SHIA ITHNA-ASHERI COMMUNITY OF LEICESTER on 18/05/2022

Main office

17A DUXBURY ROAD
LEICESTER
LE5 3LR

Objectives

THE OBJECTS OF THE CIO ARE, FOR THE PUBLIC BENEFIT, TO:ADVANCE THE MUSLIM RELIGION IN THE CITY OF LEICESTER AND ELSEWHERE IN ACCORDANCE WITH THE DOCTRINES OF THE SHIA ITHNA-ASHERI FAITH;ADVANCE EDUCATION IN PARTICULAR, BUT NOT EXCLUSIVELY, CONCERNING THE LANGUAGES OF URDU, GUJARATI AND ARABIC;PROVIDE FOR THE BENEFIT OF THE INHABITANTS OF LEICESTER AND THE SURROUNDING AREA FACILITIES IN THE INTERESTS OF SOCIAL WELFARE FOR RECREATION AND OTHER LEISURE TIME OCCUPATION WITH THE OBJECT OF IMPROVING THE CONDITIONS OF LIFE OF THE SAID INHABITANTS; AND PROMOTING KNOWLEDGE AND MUTUAL UNDERSTANDING BETWEEN THE KHOJA SHIA ITHNA-ASHERI COMMUNITY AND DIFFERENT RACIAL GROUPS.