REGisfERED CIIARITY NUMBER: 1010542
TRUSTEES, REPORT AMD
FINANaAL sfATEMENTS
FOII THE YEAR ENDED 31 DECEM8ER 2024
MAKTA8 TARIGHAT OVEYSSI SHAHMAGHSOUDI
(SCHOOL OF ISLAMIC SUFISM)
MGR Weston Kay LLP
Chartered Accountants
S5 Loudoun Road
St John's Wood
London
NW8 ODL

MAKfAB TARIGHAT OVEYSSI SHAHMAGHSOUDI
(SCHOOL OF ISLAMIC SUFISM)
CONTENTS OF THE ANANaAL sfATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Reference and Admlnlstratl¥e Detalls
Trustees, Report
2 to 4
Statemqnt of Truste¢s' Responslbllltl•s
Independent Examlner's Report
ststement of Flnandal Actl¥ltles
Balanc• Sheet
Notes to the Flnanclal Statements
9 to 15

MAKfAB TARIGHAT OVEYSSI SHAHMAGHSOUDI
{5CHOOL OF ISLAMIC SUFISM>
REFERENCE AND ADMINISTRATIVE DETAILS
FOR THE YEAR ENDED 31 DECEMBER 2024
TRUSTEE5
H Rahbari
E B Darban
A Rezaei
PRINCIPAL ADDRESS
23 Edison Road
London
N8 8AE
REGISTERED CHARITY NUMBER
1010542
INDEPENDENT EXAMINER
MGR Weston Kay LLP
Chartered Accountants
55 Loudoun Road
St John's Wood
London
NW8 ODL
BANKERS
Metro Bank
I Southampton Row
London
WCIB SHA
sOUc￿oR5
Stephen Fidler & Co
St Andrews House, 66 Shoe Lane
London
EC4A 3BQ
Page I

MAKfAB TARIGHAT OVEYSSI SHAHWGHSOUDI
(SCHOOL OF ISLAMIC SUFISM)
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
The trustees present their report wlth the financlal statements of the charSty for the year ended 31 December 2024.
The trustees have adopted the provlslons of Accounting and Reportln8 by Charlties.. Statement of Recommended
Practlce appllcable to charltles preparln8 thelr accounts In accordance with the FI￿nCIal Reportlng Standard
appllcable In the UK and Republic of Ireland IFRS 1021 leffertSve l January 20191.
08JEcnvES AND ACTIVITIES
The objects are to establlsh the teachln8 and advancement of rellglon and educatlon In the Unlted Klngdom and
elsewhere around the world in ac￿rdanCe with the tenets and doctrlnes of Sufism as practlced by MTO.
Durlng the year the Charity contlnued to promote Suflsm and educatlon as a part of MTO. Its program of lectures and
classes In the UK Included webcasts from London to students throughout the world. These complSment the broadcasts
of related MTO centres elsewhere In Europe and from the Unlted State5. The Charlty contlnued to encoura8e the
development of Sufism at univer51tle5 and other educatlonal Institutlons In the UK and to promote inter-falth actlvltles
and provlde charltable donatlon5 Qr servlces and contrlbutlons In local communltSes.
ACHIEVEMENTS AND PERFORMANCE
The Charlty Is progressln8 wlth the transfer of Its assets and operatlon5 to the Charltable Incorporated OrganlsatSon
I'CIO,), reglstered charlty 1156782 wlth the same name and objerts as the Charlty. Any on-8oln8 donatlons or recelpts
re vested to the CIO accounts as part of the transfer pollcy.
The maln remalnlni assets of the Charity are the ¢ommer¢Sal premlses near the London Centre bought In October
2012, They were leased for 5 years from 20 March 2015 to a nursery. Followln8 approval from the freeholders, In 2020
new lease was s18ned by the subtenants and trustees.
The Trustees contlnued to progress wlth requlred varlatlons of the Headlease. After contlnued ne8Otlatlons over
perlod of tlme, deeds of variations wlth a new Freeholder were satlsfactorlly concluded whlch resulted In the removal
of ground rent provlslons and a long term extenslon of the Headlease.
FINANCIAL REVIEW
As detailed In the Statement of Flnancial Actlvltles, the Charty's reserves at the year*nd amounted to £749,071 of
unrestrlcted funds. The Trust will hold these reserves and further funds as they are recelved a5 a buffer for operatlng
costs, In addltion they are available to help support other centres ¥broad or fund addltlonal propertles In the UK for
holdlng meetlngs and lectures as required.
Page 2

MAKfAB TARIGHAT OVEYSSI SHAHMAGHSOUDI
(SCHOOL OF ISLAMIC SUFISM)
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 OECEMBER 2024
STrUCTURE, GOVERNANCE AND MANAGEMENT
Maktab Tarighat Oveyssi Shahmaghsoudi {School of Islamic Sufism), a CharFtable Trust, was reglstered as a Charity on
14th April 1992. Registration number: 1010542. The governing document is the Deed of Trust dated 18 Ortober 1991
as amended by supplemental deeds dated 9 March 2IJ06, 15 June 2006, 2 January 2009 and 9 April 2009.
The prlndpal place of business is 23 Edison Road, Couch End, London, N8 8AE.
The trustees who served during the year and up to the date of slgnature of the financlal ststements were:
H Rahbari
E B Darban
A Rezaei
None of the trustees have been direct beneficiaries of the Charlty durln8 the year or the precedlng year. No trustees
recelved any remuneration from the Charity durlng the year12023- £Nill .
A trustee 15 appointed by recommendatlon of the trustees, or by proposal of a trustee entitled to vote at a meetlng of
the Charity.
Indurtlon and tralnlng pollcles for trustees
The Charlty follows the 8uidellnes provided by the Charlty Commisslon.
Responslblllty of the trnstees
The trustees are responsible for the management of the a)arity and for the furtherance of the objects for which It Is
establlshed. Trustees meet on a regular basls to dlscuss the affairs of the Charity.
Investment powers
The trustees may invest the monies of the Charity not immedlately required for its purposes In or upon such
investments, securities or property as may be thought fft.
Publk Benefft requlrement
The trustees have due regard to the guidance set out under section 17(5) of the Charltles Act 2011.
Or8anlsatEon
The day-to4ay actlvltles of the Charity continue to be tondurted from premises in London and Blrtley and at rented
premises In other cities in the United Kingdom.
Volunteers
Durlng the year various indlvlduals gave thelr tlme In supportln8 the Charitys actlvlties. The value of thls substantial
support cannot be readily quantlfied and has not been Included in the financial statements.
Rlsk management
The trustees have assessed the major risks to whi¢h the Charlty is exposed, in particular those related to the
operatlons and finances of the Charity, and are satlsfied that systems are In place to mitigate the Charlvs exposure to
the major risks.
Independent examlner
A resolutlon proposlng that Nigel Walfisz be reappoSnted as Independent Examiner will be proposed at the next
Annual General Meetlng.
EVENTS SINCE THE END OF THE YEAR
Informatlon relating to events slnce the end of the year Ss glven In the notes to the financial statements.
Page 3

MAKTA8TARIGHAT OVEYSSI SHAHMAGHSOUDI
(SCHOOL OF ISLAMIC SUFISM)
TRUSTEES, RepoRT
FOR THE YEAR ENDED 31 DECEMBER 2024
Approved by order of the board ot tnlstees on 30 October 2025 and sl8ned on its behalf by:
H Rahbarl- Trustee
Paae 4

MAKfA8 TARIGHAT OVEY551 SHAHMAGHSOUDI
(SCHOOL OF ISLAMIC SUFISM)
STATEMENT OF TRU5fEES' RESPONS181UTIES
FOR THE YEAR ENDED 31 DECEMBER 2024
The trustees are responslble for preparing the Trustees, Report and the financkl ststements in accordance with
appllcable law and Unlted Kln8dom Accountin8 Standards (Unlted Klngdom Generally Accepted Accounting Practicel.
Charfty law requlres the tnjstees to prepare financial statements for each financlal year. Under that law, the trustees
have elected to prepare the flnancial statements in accordance with United Kingdom Generally Accepted Accounting
Practlce Iunlted Kingdom Accounting Standards and applicable lawl.
Under charity law the trustees must not approve the finan¢lal statements unless they are satlsfied that they glve
true and falr vlew of the state of affairs of the charity and of the incomin8 resources and applicatlon of resources,
Indudin8 the Income and expenditu￿, of the charity for that period. In preparing those flnancial statements, the
trustees are required to
selert sultable accountlng policies and then apply them conslstentty:
obser4e the methods and prlnclples in the Charltles SORP;
make judgements and estlmates that are reasonable and prudent;
prepare the flnanclal statements on the 80in8 concern basls unless It Is Inapproprlate to presume that the charlty
wlll continue In buslne55.
The trustees are responslble for keepln8 proper accountln8 records which disdose with reasonable accuracy at any
tlme the ftnanclal posltlon of the charlty and to enable them to ensure that the financlal statements comply with the
Charltles Act 2011 and The Charlty (Accounts and Reports) Regulations 2008. They are also responslble for
safe8uardln8 the a55ets of the charity and hence lor tsking reasonable steps for the prevention and detection of fraud
and other Irre8ularltles.
Page 5

INDEPENDENT EXAMINERS REPORTTO THE TRusfEES OF
MAKTAB TARIGHAT OVEYSSI SHAHMAGH50UDI
(SCHOOL OF ISLAMIC SUFISM)
Independent examiner's report to the trustees of Maktab Tari8hat Oveyssl Shahmaghsoudl (School of Islamlc
Sufism)
I report to the charity trustees on my examination Of the actounts of Maktsb Tarighat Oveyssi Shahmaghsoudi (School
of Islamic Sufism) (the Trust) for the year ended 31 December 2024.
Responsibilities and basis of report
A5 the charity trustees of the Trust you are responsible for the preparatlon of the accounts in attordance with the
requirements of the Charities Act 2011 {*he Act'l.
I report in respert of my examination of the Trust's accounts carried out under Section 145 of the Act and in caryin8
out my examination I have followed all applicable Directions given by the Charity Commission under Section 14515llbl
of the Act.
Independent examlner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connertion with
the examination giving me cause to belie4e that in any material respert".
accountlng records were not kept in respect of the Trust as required by Section 130 of the Act: or
the accounts do not accord wlth those records; or
the accounts do not comply with the appllcable requlrements concerning the form and content of accounts set
out In the Charltles IAccounts and Reports) Regulatlons 2008 other than any requlrement that the accounts
gbve a true and fair vlew whith15 not a matter consldered as part of an independent examlnatlon.
I have no concems and have come across no other matters in connectlon wlth the e￿amination to which attentlon
should be drawn in this report in order to enable a proper understandln8 of the accounts to be reached.
Nigel Walfisz FCA
MGR Weston Kay LLP
Chartered Accountants
55 Loudoun Road
St John's Wood
London
NW8 ODL
31 October 2025
Page 6

MAKTAB TARIGHAT OVEYSSI SHAHMAGHSOUDI
{SCHOOL OF ISLAMIC SUFISM)
STATEMENT OF FINANCIAL ACTivrriES
FOR THE YEAR ENDED 31 DECEMBER 2024
31.12.24
Unrestrirted
fund
31.12.Z3
Total
funds
as restated
Notes
INCOME AND ENDOWMENTS FROM
Investment Sncome
60,083
67,138
EXPENDITURE ON
Raising funds
20,922
20,948
Charltable actlvltles
Share of governance costs
4,530
3,690
Total
2S,452
24,638
NEf INCOME
34,631
42,500
RECONaLNTION OF FUNDS
Total funds brought forward
714,440
671,940
TOTAL FUNDS CARRIED FORWARD
749,071
714,440
The notes form part of these financial statements
Page 7

MAKfA8 TARIGHAT OVEYSSI SHAHMAGHSOUDI
(SCHOOL OF ISLAMIC SUFISM)
BALANCE SHEET
JI DECEM8ER 2024
31.12.24
Uniestrlcted
fund
31.12.23
Total
funds
as restated
Notes
FIXED ASS
Investment property
780,tXIO
780,000
CURRENT ASSErs
Debtors
Cash at bank
io
17.373
329,193
7.156
286,Y3
346566
293.699
CREDITORS
Amounts fallln8 due wthln one year
li
(27,483)
125.IS31
NET CURRENT ASSEts
319.083
268.546
TOTALASSEfs LESS CURRENT UABILMES
1,099,083
1.048,S46
CREDITORS
Amounts fallin8 due after more than one year
12
1350,012)
1334,1061
749,071
714,440
FUNOS
Unrestrlcted funds
14
749.071
714,440
TOTAL FUNDS
749,071
714,440
The flnanclal statements were approved by the Board of Trustees and authorlsed for Issue on 30 October 2025 and
were slgned on its behalf by:
H Rahbarl- Trustee
The notes lorffl part of these flnanclal statements
Pa8e 8

MAKfAB TARIGHAT OVEYSSI SHAHMAGHSOUDI
(SCHOOL OF ISLAMIC SUFISM)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
ACCOUNTING POLICIES
8asls of preparln8 the flnanclal statements
The financial statements of the charity, which is a public benefit entity under FRS 102. have been prepared in
accordance with the Charitles SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of
Recommended Practice applicable to charities preparing their accounts In accordance with the Financial
Reporting Standord applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191,, Financlal
Reportlng Standard 102 The Financial Reportin8 Standard applicable in the UK and Republic of Ireland, and the
Charitles Act 2011. The financial ststements have been prepared under the historical cost conventlon. as
modlfied by the revaluation of certain assets.
The charlty has taken advantage of the following disclosure exemption in preparinB these financial statements,
5 permitted by FRS 102 The Financlal Reporting Standard applicable In the UK and Republic of Ireland,:
the requirements of Sectlon 7 Statement of Cash Flows.
Golng Mncern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charlty
has adequate resource5 to continue in operatlon31 existence for the foreseeable future. Thu5 the trustees
continue to adopt the 8oin8 concern basis of accountin8 in preparing the finanaal statements.
Incomlng resources
Rent receivable Is accrued on a day to day basis.
Resources expended
All expenditure Is accounted for on an accruals basls and has been included under expense categories that
aggregate all costs for allocation to activities.
Charltable artivitie5 include costs of services and support costs.
Governance costs are those costs incurred in the management of the charity's assets, organlsatlonal
administration, and compliance with constitutional and statutory requirements.
Cost of raising funds are those associated with rental and investment income.
Imiestment property
Investment properties are included in the balance sheet at their open market value as estimated by the
trustees.
Taxatlon
The charlty is exempt from tax on income and galns falllng wlthln the Taxe5 Art 1988, s. 505 or the Taxation of
Chargeable Galns Art 1992, s. 252 to the extent that these are applied to its charltable objectives.
The charlty Is not VAT reBlstered. As such, expenditure Is shown Incluslve of VAT.
Charltable funds
General unrestricted funds represent unrestricted income whlth is expendable at the discretlon of the
Trustees In the furtherance of the objects of the charity. Such funds may be held in order to finance working
capital.
Restritted funds represent income recelved whlch are allocated by the donor for speclfic purposes which are
therefore not available for other purposes.
Page 9
contlnued...

MAKTAB TARIGHAT OVEYSSI SIIAHMAGHSOUDI
ISCHOOL OF ISLAMIC SUFISM)
NOTES TO THE FINANCIAL sfATEMENTS- eontlnued
FOR THE YEAR ENDED 31 DECEMBER 2024
ACCOUNTING POUCIES- Contlnued
Leases
Leases are classified as flnance leases whenever the terms of the lease transfer substantially all the rSsks and
lewards of ownershSp to the lessees. All other leases are classifled as operating leases.
Assets held under finance leases are reco8nlsed as assets at the lower of the assets falr value at the date of
inception and the present value of the minlmum lease payments. The related liability is Included In the balance
sheet as a flnance lease obllgatlon. Lease payments are treated as conslstlng of capltal and Interest elements.
The Interest Is recognlsed In the Statement of Financial Activities so as to produce a constant periodic rate of
Interest on the remalning balance of the IlabllSty.
Rental Income arislng from the lettlng of the charltvs Investment propertles under operatlng leases, Includlng
any lease Incentlves granted, is recognlsed on a stralght line basss over the term of the relevant lease except
where another systematlc basls Is more representatlve of the tlme pattern In whlch economlc beneflts from
the leased asset are dlmlnlshed.
Cash and cash equlvalents
Cash and cash equlvalents Indude cash In hand, deposlts held at call ￿￿th banks and bank overdrafts. Bank
overdrafts are shown wlthln borrowln8s In cuirent Ilabllltles.
Credltors
Credltor5 are recognlsed where the tharty has a present obll8atlon resultln8 from a past event that wlll
probably result In the transfer of funds to a thlrd party and the amount due to settle the obllgatlon can be
measured or estlmated rellably. Credltors are normally reco8nlsed at thelr settlement amount.
CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURces OF ESTIMATION UNCERTAINTY
In the appllcatlon of the charity's accountlng pollcles, the trustees are requlred to make lud8ements, estlmates
and assumptions about the carrying amount of assets and Ilabilities that are not readily apparent from other
sources. The estSmates and assoclated assumptlons are based on hlstorlcal experlence and other factors that
are consldered to be relevant. Actual results may dlffer from these estimates.
The estlmates and underlylng assumptlons are reviewed on an on8oln8 basls. Revlslons to accountln8
estimates are recognlsed in the perlod in whlch the estlmate Is revlsed where the revlsion affects only that
period, or in the perlod of the revlslon and future periods where the revlslon affects both current and future
perlods.
Valuatlon of Investment propertles
Investment propertles are stated at falr value. The trustees based thls on observable market prlces.
PaBe 10
continued...

MAKfAB TARIGHAT OVEYSSI SHAHMAGHSOUDI
(SCHOOL OF ISLAMIC SUFISM)
NOTES TO THE FINANCIAL STATEMENTS- contlnued
FOR THE YEAR ENDED 31 DECEMBER 2024
INVESTMENT INCOME
31.12.24
31.12.23
as restated
Rental Income
60,083
67,138
RAISING FUNDS
Investment mana8ement costs
31.12.24
31.12.23
as reststed
Investment property costs
Interest payable and simllar charges
4,217
16,705
5,000
15.948
20.922
20.948
SUPPORT COSTS
Governance
¢osts
Share of governance costs
4,530
Governance costs represents the support costs incurred In administerin& the management of charlty affalrs
and complying wlth its statutory and constitutional oblSgations.
Support costs, included in the above, are as follows:
Governan￿ costs
31.12.24
31.12.23
as restated
Share of
governance
costs
Total
artlvltles
Independent examiner fees
4,530
3,690
Page 11
contlnued...

MAKfAB TARIGHAT OVEYSSI SHAHMAGHSOUDI
(SCHOOL OF ISLAMIC SUFISM)
NOTES TO THE FINANCIAL STATEMENTS- contlnued
FOR THE YEAR ENDED 31 DECEMBER 2024
TRUSTEES, REMUNERATION AND BENEFITS
The￿ were no trustees. remuneration or other benefits for the year ended 31 December 2024 nor for the year
ended 31 December 2023.
Trustees, eMpense5
There were no trustees, expenses paid for the year ended 31 December 2024 nor for the year ended
31 December 2023.
Trustees
The average number of Trustees during the year was 3 (2023: 3).
The Trustees are named as Additional Assureds under the liability insurances of the aiarlty at no additional
cost.
EMPLOYEES
There were no employees in the ￿rrent and preceding year.
PRIIX YEAR ADJusfMENr
During the year. the charity reviewed the accounting treatment of its investment properties and determined
the arrangement meets the definition of a finance lease. The prior year financial statements have been
restated to recognise the finance lease liability of £334.906.
The effect of the adjustment was to:
Increase expendlture on raisin8 funds by £15,148.
- Increase creditors by £334,906 with £800 recognised as falllng due within one year and £334,106 recognised
as falling due after more than oneyear.
- Decrease unrestrlcted funds at l January 2023 by £319,758.
INVEsfMENT PROPERTY
FAIR VALUE
At l January 2024
and 31 December 2024
780,(XiO
NET BOOK VAWE
At 31 December 2024
780,000
At 31 December 2023
780,000
The Investment properties are ststed in the accounts at the Trustees, estlmate of market value at the balance
sheet date. There has been no valuation by an independent party.
The net book value of investment property Indudes £780,OIXI (2023- £780,(MJO) In respect of assets held under
finance leases.
Page 12
continued...

MAKfAB TARIGHAT OVEYSSI SHAHMAGHSOUDI
{SCHOOL OF ISLAMIC SLFISM)
NOTES TO ThE FINANCIAL 5fATEMEKfs. wntknued
FOR THE YEAR ENDED 310ECEMBER 2024
io.
DEBTORS: AMOUNT5 FALLING DUE wrrHIN ONE YEAR
31.12.24
31.12.23
as restated
Trade debtors
17,373
7,156
IL CREDrroRS: AMOUNTS FALUNG DUE WIThIN ONE YEAR
3L1124
31.1123
as restated
Finance leases (see note 13)
Trade creditors
Other creditors
313
26,370
313
24,040
27.483
25,153
12.
CREDrroRS: AMouKf5 FALUNG DUE AFTER MORE ThAN ONE YEAR
31.1124
31.12.23
as restated
FInan￿ leases (see note 13)
350,012
334,106
LEASING AGREEMENTS
Minimum lease payments fall due as follows".
Hnance leases
31.1124
31.1223
as reststed
Net obligations repayable:
Within one year
Between one and five years
In more than five years
800
3.200
346.812
800
3,200
330.906
350,812
334,906
Flnance lease payments represent ground rent payable by the tharity for its investment propertles. The
average lease terni is 125 years. No arrangements have been entered Into for contln8ent rental payments.
Included wbthln expendlture on raislng funds is finan￿ lease Interest of £16.70512023: £15,948).
The investment propertles have been sublet under operatlng leases with lease tenYJs up to 15 years.
Page 13
contlnued...

MAKfA8 TARIGHAT OVEYSSI SHAHMAGHSOUDI
(SCHOOL OF ISLAMIC SUFISM)
NOTES TO THE FINANaAL sfATEMENTS- contlnued
FOR THE YEAR ENDED 31 DECEMBER 2024
13.
LEASING AGREEMEKf5- ￿￿t￿Yed
Non￿nCelIable
operatln8 leases
3L12.24
31.12.23
as restated
Within one year
Between one and five years
In more than five years
48,(KK)
192,OLKI
251,836
48,000
192,000
299,836
491,836
539,836
14.
MOVEMENf IN FUNDS
movement
In funds
At
31.12.14
At 1.1.24
Unrestrl¢tod funds
General fund
714,440
34,631
749,071
TOTAL FUNDS
714,440
34,631
749,071
Net movement In funds, Induded In the above are as follows:
In¢omln8
Resources
resources expendqd
Movement
In funds
Unrestrfrted lunds
General fund
60,083
125,452)
34.631
TOTAL FUNDS
12S,4521
34,631
Comparatlves lor movement In funds
Net
movement
In fvnds
At
31.12.23
At Ll23
Unrestrlrted funds
General fund
671,940
42,SOO
714,440
TOTAL FUNDS
671.940
42,500
714,440
Pa8e 14
continued...

MAKfAB TARIGHAT OVEYSSI SHAHMAGHSOUDI
(SCHOOL OF ISLAMIC SUFISM)
NOTES TO THE FINANCIAL STATEMENTS - ￿ntInUed
FOR THE YEAR ENDED 31 DECEMBER 2024
14.
MOVEMENT IN FUNDS- cofitlnued
Comparatlve net movement In funds, included In the above are as follows:
Infomlng
resources
Resources
expended
Movement
In funds
Unrestrlrted funds
General fund
67,138
(24,6381
42,500
TOTAL FUNDS
67,138
124,638)
42,500
The unrestrlcted funds of the charlty comprlse the unexpended balances of donatSons and 8rants whlch are
not sublert to speclflc condltlons by donors and grantors as to how they may be used. These Include
desl8nated funds whlch have been Set a51de out of unrestrlcted funds by the trustee5 for speclfic purposes.
Is.
RELATED PARTY DISCLOSURES
The charlty Made donatlons or loans, shared costs wlth or received Income from other charltles whl¢h form
part of the global organlsatlon using the name MTO.
Credltors Include £313 {2023: £3131 due to MTO USA.
Accruals Include £25,53412023: £18,970) due to MTO CIO for expenses whlch have not been relmbursed.
16.
POST BALANCE SHEEf EVENTS
On 4 Aprll 202S, the charlty entered Into Deeds of Varatlon whSch removed the ground rent provlsk)n and
extended the lease term to 999 years. The total cost of the varatlons was £15,387.
As a result of these changes, the lease no longer meets the definltlon of a flnance lease. The effect of the
varlatlon wlll be to elimlnate the charivs finance lease Ilablllty currently recognised in the flnancial
statements. The Impact of the varlatlon wlll be reflected In the flnancial statements for the year ended 31
December 2025.
17.
CHARITY INFORMATION
Maktab Tarighat Oveyssi Shahmaghsoudi Ischool of Islamic Sufism} Is a charlty Incorporated In En8land and
Wale5. The principal place of buslness is 23 Edison Road, Couch End, London, N8 8AE.
The accounts are prepared In sterling, whlch Ss the functlonal currency of the charlty. Monetary amounts In
these financial Statements are rounded to the nearest £.
Page 15