**CHARITY REGISTRATION NUMBER: 1001136** **WISE (Wycombe Islamic Society) Unaudited Financial Statements** **31 October 2025** ## **WISE (Wycombe Islamic Society) Financial statements Year ended 31 October 2025** ||**Pages**| |---|---| |Trustees' annual report|**1 to 6**| |Independent examiner's report to the trustees|**7**| |Statement of financial activities|**8**| |Statement of financial position|**9**| |Statement of cash flows|**10**| |Notes to the financial statements|**11 to 17**| |**The following pages do not form part of the financial statements**|| |Detailed statement of financial activities|**18 to 19**| ## **WISE (Wycombe Islamic Society) Trustees' annual report Year ended 31 October 2025** The trustees are pleased to present their report alongside the unaudited financial statements for the year ended 31 October 2025. ## **Reference and administrative details** ## **Registered charity name** WISE (Wycombe Islamic Society) **Charity registration number** 1001136 **Principal office** Wycombe Islamic Centre St Marks Close High Wycombe HP13 6GN Buckinghamshire ## **The trustees** Mr A Iqbal Mr A Waheed Mr R Shafi ## **Independent examiner** Chris Clarke (ACA) Indexam.co.uk ## **Introduction** WISE has expanded the programs and services, demonstrating our ongoing commitment to serving the needs of the local community while adhering to our core objectives of advancing Islamic knowledge, alleviating poverty, and fostering social cohesion. ## **Structure, governance and management** ## **Organisational structure** WISE, established in 1991 and based in High Wycombe, is a UK-registered charitable trust managed by three trustees. The charity operates with the invaluable support of dedicated volunteers and two permanent employees. The employees include: - **One Imam:** The Imam leads prayers, conducts religious ceremonies, delivers sermons, and offers religious guidance to the community. He plays a crucial role in the spiritual life of the congregation. - **One Centre Manager:** The Centre Manager oversees the day-to-day operations of the Islamic Centre, and supports the charity's numerous services to assist the smooth running of its programs. ## **Governance and Oversight** The trustees meet regularly to review the charity's activities, set strategic direction, and ensure compliance with legal and regulatory requirements. They work closely with the Centre Manager and the Imam to align the charity's operations with its objectives. Volunteers are integral to the success of WISE, supporting everything from administrative tasks to the execution of community events and educational programs. 1 ## **WISE (Wycombe Islamic Society) Trustees' annual report (continued) Year ended 31 October 2025** ## **Objectives and activities** The primary objectives of WISE are to advance the religion of Islam and Islamic knowledge, relieve poverty, and serve the needs of the local community. These objectives guide all our activities, from daily prayers and religious classes to community service initiatives and global humanitarian aid. In planning our activities, we continue to refer to the Charity Commission's guidance on public benefit. This ensures that our efforts not only align with our mission but also provide tangible benefits to the broader community. ## **Achievements and performance** ## **Review of activities and future plans** Throughout 2025, WISE has remained steadfast in its commitment to serving both the local and global communities. Our activities are diverse, reflecting the wide-ranging needs of the people we serve. ## **Wycombe Islamic Centre and The Hive** The Wycombe Islamic Centre, also known as Masjid as-Salam, continues to be the heart of our operations. Purpose-built in 2009, it not only serves as a place of worship but also functions as a hub for community activities, classes, and events. The centre’s accessibility features, including on-site parking, wheelchair access, and a lift, ensure that it is welcoming to all, including the elderly and disabled. Initiatives to build community cohesion include WISE Sweepers, monitoring of parking issues, community iftar, and Ramadhan gifts to neighbours. The Hive, our community facility established in 2018, has played a pivotal role in fostering social cohesion. It provides a dynamic space for people of different cultural backgrounds to meet and engage in various activities. The monthly Elders lunch club has provided a place for our respected elders from various communities to meet. The WISE Sisters Social brings women together to tackle loneliness. The Hive has also hosted the Listening Place in partnership with Wycombe Mind ,and partnered with carers Bucks to offer a Diverse Communities Carers Support Group. The Hive has also offered a means of engaging with nature, with the establishment of some beehives and the production of local honey. ## **Educational and Religious Activities** Education remains a cornerstone of our work. WISE offer a range of classes, from Quranic studies and Islamic teachings to subjects like English and and art. These cater to all ages and abilities, providing essential knowledge in both religious and secular fields. This year, we introduced several new educational programs, including the Friday night lecture series on The Prophet’s Life, which has attracted significant interest. Lessons of faith from a medic who returned from Gaza was another highlight, sharing miraculous stories of unshakeable faith amongst the death and destruction. Our Arabic and Quran classes are well-attended, with sessions designed for varying levels of proficiency, from beginners to advanced students. These classes, held both online and in-person, are open to men, women, and children. Additionally, our Islamic seminars have covered essential topics such as Introduction to Islam, Aqeedah (Islamic creed), Fiqh (Islamic jurisprudence), Tajweed (Quranic recitation), and Tafseer (Quranic exegesis) as well as social and family matters. Topics have included the billionaire who went to paradise, Knowing your enemy (Shaytan), Deepening relationship to the Quran, the mirror of the soul, life aspirations, Being Muslim in a godless world, Forgiveness, stories of early Muslim youth, Prophet Yousaf (Jospeh) AS, Pre-marriage workshop, the advice of Luqman for his child, brotherhood and sisterhood, preparing for death and workshop on how to wash and shroud the deceased. An adhan course and Tajweed course were offered by visiting scholar from Malaysia, who also ran sessions on calisthenics. Welcome Home sessions for reverts (new Muslims) to meetup and reconnect with the faith and lectures on Introduction to Islam were held. A winter conference was highly successful with Quran recitation and lectures on the Divine masterplan and path to glory. 2 ## **WISE (Wycombe Islamic Society) Trustees' annual report (continued) Year ended 31 October 2025** Classes for women in Urdu on understanding the Quran have proved very popular. Some popular female speakers from the UK and abroad gave lectures on Islam, with women attending from many parts of the country. ## **Community and Social Activities** WISE has always prioritised community engagement, and this year was no exception. The open hour coffee evenings every Wednesday, have offered a casual, welcoming environment at the mosque for Muslims and non-Muslims alike to gather and converse. The Big Elders Lunch Club has grown in popularity, providing a much-needed social outlet for our senior members who come mainly from nonMuslim backgrounds. The mother & toddler group in the Hive has also grown in popularity providing a place for mother to meet and toddlers to play and learn. Fun activities like the family quiz and family charity bazaar helped bring families together. A daily iftaar was offered at the masjid during Ramadhan, and free meals were delivered to people struggling with the cost of living. Furthermore, we are offering the WISE Muslim Marriage Network, a new service aimed at supporting Muslim marriages in High Wycombe. WISE Sweepers is a well-received initiative to clean up the roads and parks in the neighbourhood. Our annual "Eid in the Park" event was another highlight, attracting over 3,000 attendees at Adam’s park, Wycombe Wanderers football stadium. The second eid featured breakfast, funfair, stalls and various activities. ## **Health Activities** WISE also launched the WISE Wellness initiative, a comprehensive program designed to improve the health and well-being of our community members. This initiative includes special sessions on mental health, and ADHD and autism, addressing a critical need in today's society. The counselling service was also set up with support from the NHS Bucks Health & Social Care Academy (BHSCA). A workshop was also held on Healing through food, with grant funding. Also, vaccinations clinics were delivered at the mosque by a local GP and public health teams ,and other health related advice at the Hive. The community and volunteers were given basic life support training by the British Islamic Medical Association (BIMA). Bucks Adult Learning ran a free Ramadan crafts course at the Hive. The Bucks healthcare NHS Trust ran a session on maternity, diabetes and weight loss at the Hive. ## **Youth Engagement and Sports** Youth engagement remains a priority for WISE. Our youth wings, Wycombe Islamic Network (WIN) for boys and ARISE for girls, continued to offer programs that engage young people in positive activities. Saturday Night Buzz has been particularly successful, offering a fun and educational environment for children to learn about their religion while participating in games and activities. Brothers Night, with food, socials, Islamic reminders and open discussions has also proved popular. Social events like Laser Tag, paintballing, Rush trampoline park, have offered fun engaging activities for the youth. the Saturday youth football has grown in popularity, with the teams entering tournaments. The boys and girls separate residential retreats have proved life-transforming for many of the attendees. ARISE has focused on empowering young Muslim girls through sessions that tackle issues such as defending their faith, race, discrimination, and self-care. These programs aim to build confidence and resilience in our youth, preparing them to take on leadership roles within the community. Swimming classes for Muslim women were started with a female lifeguard, Mother & daughter boxercise, and a women’s walking group have encouraged fitness. In addition to these programs, WISE also runs the 28th Wycombe Muslim Scout group and including the relaunch of the Girl Scouts. These initiatives provide young people with opportunities to develop life skills, build friendships, and engage in outdoor activities. A workshop was held to prepare young people for university, and career sessions, eg on leadership development. 3 ## **WISE (Wycombe Islamic Society) Trustees' annual report (continued) Year ended 31 October 2025** ## **Global Humanitarian Efforts: WISE Welfare** WISE Welfare, our humanitarian wing established in 2010, continues to make a significant impact both locally and globally. This year, we supported numerous international aid projects, including: - **Bangladesh** : Food packs, Ramadhan iftaar meals, qurbani meat, Warm clothes, donations for flood relief (kitchen equipment), support after fire at refugee camp, educational provision, 10 water wells, and eid clothes were provided to over 300 Rohingya refugee families. - **India** : Funding for school to provide education to poor children, and financial support for widows. - **Jordan** : Support for construction of madrassah to provide education for children. - **Lebanon** : food parcels for 160 families during Ramadhan. - **Egypt** : Supported over 100 families with cooked iftar meals, food packs for families and goody bags during Ramadhan. - **Morocco** : Food relief and zakat charity was distributed, including Ramadhan food for over 1500 people, and aid was provided to communities impacted by the earthquake in the Atlas Mountains. - **Nigeria** : Food was distributed, Qurbanis performed and further funding for continued construction of an orphanage with a school. - **Pakistan** : In response to the devastating floods, we provided flood relief, constructed water wells, provided meals during Ramadhan, distributed zakat and qurbani meat, funded free cataract eye operation camp, and helped build mosques. - **Palestine** : Our efforts included distributing food baskets, providing meals, zakat and warm clothing in the winter. - **Sierra Leone** : Provision of food aid, and school building construction. - **Sudan** : Funds to charity setup to work in Sudan for provision of food to families escaping from conflict. - **Uganda** : projects included food distribution during Ramadhan, qurbani, mosque construction, water wells and cataract operations to restore sight with support also given across the border to Kenya. - **Yemen** : Funds to charity working in Sudan to provide food during Ramadhan and Qurbani meat for eid celebrations. Locally, our WISE Hardship Fund provided vital support to individuals and families facing economic difficulties. We also contributed to local initiatives such as One Can Trust, and Wycombe Food Hub. ## **General Operations and Events** Our Centre Manager continues to play a crucial role in ensuring the smooth operation of all WISE activities. This year, we successfully organised a comprehensive holiday program for the community and hosted our second WISE Winter Conference in December 2025. The conference, largely organized by our young adults, was a resounding success, featuring inspiring talks from worldrenowned speakers. WISE's regular activities, including daily and Jumuah prayers, have seen increased attendance, with over 500 participants regularly joining Friday prayers. We continue to provide facilities for both men and women, ensuring that everyone has the opportunity to participate in communal worship. 4 We launched a new refreshed and website WISE App, with prayer times, information on classes and events. ## **Financial Review** Total income for the year was £743,072 (2024: £853,018) and total expenditure was £762,067 (2024: £725,909), resulting in a net deficit for the year of £18,995 (2024: net income £127,109). The trustees are confident that the accumulated funds, combined with ongoing support from the local community, will be sufficient to meet the charity's objectives in the coming year. ## **Reserves Policy** The trustees review the level of reserves held by the charity on an annual basis. The trustees' policy is to maintain free reserves - being unrestricted funds available for general use - at a level sufficient to cover a minimum of six months of the charity's core operational expenditure. The charity's core operational expenditure, comprising staff costs, premises costs, programme and governance costs (as set out in Note 8), amounts to approximately £248,000 per annum. On this basis the trustees consider a minimum reserve of approximately £124,000 to be appropriate to protect the charity against unexpected shortfalls in income or unforeseen expenditure. Restricted funds (comprising WISE Welfare donations raised for specific humanitarian appeals) are excluded from this calculation as they are not available for general operational use. At 31 October 2025 the charity held unrestricted funds of £2.4m and unrestricted cash of approximately £0.5m, representing approximately 24 months of core operational expenditure. This is in excess of the minimum target. The trustees are satisfied that the level of reserves held is appropriate given the following considerations: - The charity owns a freehold property which requires ongoing maintenance and periodic capital expenditure. A portion of unrestricted reserves is informally earmarked to meet anticipated future repair and improvement costs, including planned works to the mosque and community centre facilities. - The charity is run entirely by volunteers with a small employed staff; the trustees consider it prudent to maintain a higher level of reserves than the minimum target to provide resilience against unexpected operational disruption. The trustees will keep under review whether any portion of unrestricted reserves should be formally designated for specific purposes and will make any such designation in the year in which the purpose is sufficiently certain. The trustees are satisfied that the charity is not holding excessive reserves and that the funds held above the minimum target are genuinely available to further the charity's charitable purposes. ## **Principal risks and uncertainties** The trustees have overall responsibility for ensuring that the charity has an appropriate system of controls, financial and otherwise, to provide reasonable assurance that the charity's assets are safeguarded, that transactions are authorised and properly recorded, and that material errors or irregularities are either prevented or detected. The trustees have identified the following as the principal risks facing the charity and the steps taken to manage them: Financial risk: The charity is dependent on voluntary donations from the local community and the public for the majority of its income. A significant reduction in donations could adversely affect the charity's ability to fund its activities. The trustees mitigate this risk by maintaining reserves in excess of the minimum policy target, by diversifying income across multiple channels (public collections, standing orders, online giving platforms, Gift Aid reclaims and rental income from the charity's freehold property), and by monitoring income levels on a regular basis. Overseas disbursement risk: A significant proportion of the charity's expenditure is disbursed to overseas partner organisations for humanitarian relief purposes. The trustees mitigate this risk by conducting due diligence on all partner organisations prior to engagement, including verification of local registration, identification of lead personnel, and review of previous delivery track record. All overseas transfers require approval by a second signatory. Partners are required to provide invoices prior to payment and delivery reports including photographic evidence on completion. The trustees also check partners and beneficiaries against sanctions lists and use UK-registered intermediary charities with appropriate authorisations where funds are directed to high-risk jurisdictions. Safeguarding and reputational risk: As a community and faith organisation the charity works with vulnerable adults and children through its welfare and educational activities. The trustees mitigate this risk by ensuring that appropriate safeguarding policies are in place and reviewed regularly, and by maintaining transparency in the charity's operations and financial reporting. 5 Operational risk: The charity is largely volunteer-run and dependent on a small number of key volunteers and staff. The trustees mitigate this risk by maintaining clear operational procedures and by ensuring that financial controls require dual authorisation for material transactions. Property risk: The charity owns a freehold mosque and community centre. The trustees mitigate the risk of unexpected property costs by maintaining adequate insurance cover and by holding reserves above the minimum policy target to fund maintenance and improvement works as required. ## **Conclusion** The trustees are proud of the progress WISE has made in 2025. We have continued to expand our services and strengthen our community. We look forward to building on this success in the year ahead, with new initiatives and continued dedication to our mission. **The trustees' annual report was approved on 31 August 2026 and signed on behalf of the board of trustees by:** **____________________ Amjad Iqbal Trustee** 6 ## **WISE (Wycombe Islamic Society) Independent examiner's report to the trustees Year ended 31 October 2025** I report to the trustees on my examination of the financial statements of WISE (Wycombe Islamic Society) ('the charity') for the year ended 31 October 2025. ## **Responsibilities and basis of report** As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’). I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent examiner's statement** Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or 2. the financial statements do not accord with those records; or 3. the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. ## **____________________ Chris Clarke (ACA) Independent Examiner** 12 Red Lion Mews, Odiham, RG29 1HP Dated: 31 August 2026 7 **2025** ## **WISE (Wycombe Islamic Society) Statement of Financial Activities Year ended 31 October 2025** |**Note**
**Income and endowments**
Voluntary income
**4**
Charitable activities
**5**
Investment income
**6**
**Total income**
**Expenditure Charitable activities:**
Relief of poverty (WISE Welfare)
**7**
Grant paid
**Advance Islam and Islamic Education:**
Expenditure on other resources
**8**
**Total expenditure**
**Net income**
Transfers between funds
**Net movement in funds**
**Reconciliation of funds**
Total funds brought forward
**Total funds carried forward**
**Note**
**Income and endowments**
Voluntary income
**4**
Charitable activities
**5**
Investment income
**6**
**Total income**
**Expenditure Charitable activities:**
Relief of poverty (WISE Welfare)
**7**
Grant paid
**Advance Islam and Islamic Education:**
Expenditure on other resources
**8**
**Total expenditure**
**Net income**
Transfers between funds
**Net movement in funds**
**Reconciliation of funds**
Total funds brought forward
**Total funds carried forward**|Unrestricted funds
**£**
169,014
64,011
71,555
304,580
-
(6,750)
(248,455)
(255,205)|Restricted funds
**£**
455,760
-
-
455,760
(507,003)

-
-
(507,003)|**Total funds**
**£**
**624,774**
**64,011**
**71,555**
**760,340**
**(507,003)**
**(6,750)**
**(248,455)**
**(762,207)**| |---|---|---|---| ||**49,375**|**(51,243)**|**(1,868)**| ||13,280
62,655
2,221,217
2,283,872
Unrestricted funds
**£**
128,036
44,375
59,920
232,331
-
(9,701)
(188,576)
(198,277)|(13,280)
(64,523)
783,324
718,801
**2024**
Restricted funds
**£**
620,687
-
-
620,687
(526,780)
-
(852)
(527,632)|**-**
**(1,868)**
**3,004,541**
**3,002,673**
**Total funds**
**£**
**748,723**
**44,375**
**59,920**
**853,018**
**(526,780)**
**(9,701)**
**(189,428)**
**(725,909)**
**127,109**
**-**
**127,109**
**2,877,432**
**3,004,541**| ||**34,054**|**93,053**|| ||(28,861)
5,193
2,216,024
2,221,217|28,861
121,916
661,408
783,324|| 8 ## **WISE (Wycombe Islamic Society) Statement of Financial Position 31 October 2025** |**Note**
**Fixed assets**
Tangible fixed assets
**13**
**Current assets**
Cash at bank and in hand
**Creditors: amount falling due within one year**
**14**
**Net current assets**
**Total assets less current liabilities**
**Net assets**
**Funds of the charity**
Restricted funds
Unrestricted funds
**Total charity funds**
**16**|**2025**
**£**
**1,860,032**
1,144,399
**(1,759)**
**1,142,640**
**3,002,673**
**3,002,673**
718,801
2,283,872
**3,002,673**|2024
£
1,891,741
1,114,561
(1,761)| |---|---|---| |||1,112,800| |||3,004,541| |||3,004,541| |||783,324
2,221,217| |||3,004,541| These financial statements were approved by the board of trustees and authorised for issue on 31 August 2026, and are signed on behalf of the board by: **Mr A Iqbal Trustee** **Mr R Shafi Trustee** 9 ## **WISE (Wycombe Islamic Society) Statement of Cash Flows Year ended 31 October 2025** |**Cash flows from operating activities**
Net (deficit)/income for the year
Adjustments for:
Depreciation charges
(Decrease)/increase in creditors
**Net cash provided by operating activities**
**Cash flows from investing activities**
Purchase of tangible fixed assets
**Net cash used in investing activities**
**Change in cash and cash equivalents**
Cash and cash equivalents at beginning of year
**Cash and cash equivalents at end of year**|**2025**
**£**
(1,868)
33,658
(2)
**31,788**
(1,950)
**(1,950)**
**29,838**
1,114,561
**1,144,399**|**2024**
**£**| |---|---|---| |||127,109
34,575
-| |||**161,684**
(8,215)| |||**(8,215)**
**153,469**
960,713
**1,114,561**| 10 ## **WISE (Wycombe Islamic Society) Notes to the Financial Statements Year ended 31 October 2025** ## **1. General information** The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is Wycombe Islamic Centre, St Marks Close, High Wycombe, HP13 6GN, Buckinghamshire. ## **2. Statement of compliance** These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011. ## **3. Accounting policies** ## **Basis of preparation** The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the functional currency of the entity. ## **Going concern** There are no material uncertainties about the charity's ability to continue. ## **Judgements and key sources of estimation uncertainty** The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. ## **Fund accounting** Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for a particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal and fall into one of two sub-classes: restricted income funds or endowment funds. 11 ## **WISE (Wycombe Islamic Society) Notes to the Financial Statements (continued) Year ended 31 October 2025** ## **3. Accounting policies (continued)** ## **Incoming resources** All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: - income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. - legacy income is recognised when receipt is probable and entitlement is established. - income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. - income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted. - where a grant carries performance-related conditions that have not yet been fulfilled, income is deferred until those conditions have been satisfied. ## **Resources expended** Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates: - expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods. - expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. - other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis. ## **Tangible assets** All fixed assets are initially recorded at cost. ## **Depreciation** Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: - Freehold buildings - Over 60 years - Fixtures and fittings - 20% reducing balance 12 ## **WISE (Wycombe Islamic Society) Notes to the Financial Statements (continued) Year ended 31 October 2025** ## **3. Accounting policies (continued)** ## **Impairment of fixed assets** A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. ## **Defined contribution plans** Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises. ## **4. Voluntary income** |**Donations**
Public and book shop donations
WISE Welfare donations
**Grants**
Grants receivable
**Donations**
Public and book shop donations
WISE Welfare donations
**Grants**
Grants receivable|Unrestricted
Funds
£
169,014
-
**169,014**
Unrestricted
Funds
£
127,016
-
1,020
**128,036**|Restricted
Funds
£
25,266
413,226
17,268
**455,760**
Restricted
Funds
£
4,530
610,297
5,860
**620,687**|**Total Funds**
**2025**
£
**194,280**
**413,226**
17,268| |---|---|---|---| ||||**624,774**| ||||**Total Funds**
**2024**
£
**131,546**
**610,297**
**6,880**
**748,723**| 13 ## **WISE (Wycombe Islamic Society) Notes to the Financial Statements (continued) Year ended 31 October 2025** |**5.** **Charitable activities**
HMRC - tax credit
**6.** **Investment income**
Rental income
**7.** **Costs of charitable activities**
Donations paid
Donations paid|Unrestricted
Funds
£
64,011
Unrestricted
Funds
£
71,555|Unrestricted
Funds
£
64,011
Unrestricted
Funds
£
71,555|**Total Funds**
**2025**
£
**64,011**
**Total Funds**
**2025**
£
**71,555**
Unrestricted
Funds
£
6,750
Unrestricted
Funds
£
-|**Total Funds**
**2025**
£
**64,011**
**Total Funds**
**2025**
£
**71,555**
Unrestricted
Funds
£
6,750
Unrestricted
Funds
£
-|Unrestricted
Funds
Total Funds
2024
£
£
44,375
**44,375**
Unrestricted
Funds
Total Funds
2024
£
£
59,920
59,920
Restricted
Funds
**Total Funds**
**2025**
£
£
507,003
**513,753**
Restricted
Funds
**Total Funds**
**2024**
£
£
526,780
**526,780**| |---|---|---|---|---|---| ||||Unrestricted
Funds
£
6,750
Unrestricted
Funds
£
-||Restricted
Funds
£
507,003
Restricted
Funds
£
526,780| ||||||| During the year WISE Welfare made donations to **----- Start of picture text -----**
Country 2025 2024
Afghanistan - 5,500
**----- End of picture text -----**
|Bangladesh - Rohingya|21,630|39,903| |---|---|---| |Egypt|27,020|4,510| |India|4,722|25,307| |Jordan|935|-| |Lebanon|5,000|3,750| |Morocco|18,010|35,885| |Nigeria|120,116|148,570| |Pakistan|92,923|54,378| |Palestine|99,206|97,700| |Sierra Leone|1,700|10,510| |Sudan|13,500|-| |Uganda|56,585|48,475| |UK|18,556|34,182| |Yemen|27,100|18,110| |**Total**|**507,003**|**526,780**| 14 ## **WISE (Wycombe Islamic Society) Notes to the Financial Statements (continued) Year ended 31 October 2025** |**8.** **Expenditure on other resources**
Unrestricted
Funds
£
Governance costs and other resources
expended
248,314
Unrestricted
Funds
£
Governance costs and other resources
expended
188,576
**9.** **Net income**
Net income is stated after charging/(crediting):
Depreciation of tangible fixed assets
**10.** **Independent examination fees**
Fees payable to the independent examiner for:
Independent examination of the financial statements||Restricted
Funds
£
-
Restricted
Funds
£
852
**2025**
**£**
**33,658**
**2025**
**£**
**-**||**Total Funds**
**2025**
£
**248,314**
**Total Funds**
**2024**
£
**189,428**
2024
£
**34,575**| |---|---|---|---|---| |||||| |||||| |||||2024
£
**-**| ## **11. Staff costs** The average head count of employees during the year was 2 (2024: 2). The average number of full-time equivalent employees during the year is analysed as follows: |Imams
Manager|**2025**
**No.**
**1**
**1**
**2**|2024
No.
1
1
2| |---|---|---| No employee received employee benefits of more than £60,000 during the year. ## **12. Trustee remuneration and expenses** All trustees are volunteers and render their services free of charge. No remuneration or other benefits from employment with the charity or a related entity were received by the trustees. 15 ## **WISE (Wycombe Islamic Society) Notes to the Financial Statements (continued) Year ended 31 October 2025** ## **13. Tangible fixed assets** |**Cost**
**At 1 November 2024**
**Additions**
**31 October 2025**
**Depreciation**
At 1 November 2024
Charge for the year
**At 31 October 2025**
**Carrying amount**
**At 31 October 2025**
At 31 October 2024
**reditors:** **amounts falling due within one year**
Trade creditors
Accruals and deferred income
Social security and other taxes
Other creditors|**Land and**
**buildings**
£
2,082,247
-
**2,082,247**
216,660
28,037
**244,697**
**1,837,550**
1,865,588||**Fixtures and**
**fittings**
£
80,092
1,950
**82,042**
53,939
5,621
**59,560**
**22,482**
26,153
**2025**
**£**
**-**
**-**
**1,153**
**606**
**1,759**|**Total**
£
**2,162,339**
**1,950**
**2,164,289**
**270,599**
**33,658**
**304,257**
**1,860,032**
1,891,741
2024
£
-
-
1,142
619
1761| |---|---|---|---|---| ## **14. Creditors: amounts falling due within one year** ## **15. Pensions and other post retirement benefits** ## **Defined contribution plans** The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £3,265 (2024: £1,621). ## **16. Analysis of charitable funds** ## **Unrestricted funds** |General funds
General funds|At
1 November
2024
£
2,221,217
At
1 November
2023
£
2,216,024|Income
£
304,580
Income
£
232,331|Expenditure
£
(255,205)
Expenditure
£
(198,277)|Transfer
between
funds
£
13,280
Transfer
between
funds
£
(28,861)|**At**
**31 October 2025**
£
**2,283,872**| |---|---|---|---|---|---| ||||||**At**
**31 October 2024**
£
**2,221,217**| 16 ## **WISE (Wycombe Islamic Society) Notes to the Financial Statements (continued) Year ended 31 October 2025** ## **Restricted Fund** |At
1 November
2024
£
Restricted funds
783,324
At
1 November
2023
£
Restricted funds
661,408|Income
£
455,760
Income
£
620,687|Expenditure
£
(507,003)
Expenditure
£
(527,632)|Transfer
between
funds
£
(13,280)
Transfer
between
funds
£
28,861|**At**
**31 October 2025**
£
**718,801**| |---|---|---|---|---| |||||**At**
**31 October 2024**
£
**783,324**| **17. Analysis of net assets between funds** |Tangible fixed assets
Current assets
Creditors less than 1 year
**Net asset**s
Tangible fixed assets
Current assets
Creditors less than 1 year
**Net asset**s|Unrestricted
Funds
£
1,860,032
425,599
(1,759)
2,283,872
Unrestricted
Funds
£
1,891,741
331,238
(1,761)
2,221,218|Restricted
Funds
£
718,801
-
718,801
Restricted
Funds
£
-
783,323
-
783,323|**Total Funds**
**2025**
£
**1,860,032**
**1,144,399**
**(1,759)**| |---|---|---|---| ||||**3,002,673**| ||||**Total Funds**
**2024**
£
**1,891,741**
**1,114,561**
**(1,761)**
**3,004,541**| 17