CHARITY REGISTRATION NUMBER: 1034710
Islamic Trust {Maidenhead)
Financial Statements
31 March 2024
MERIDIAN INSIGHT
Accountants & Statutory Auditors
Unit 15A, Slough Business Park
94 Farnham Road
Slough
Berkshire
SL13FQ

Islamic Trust (Maidenhead)
Trustses. Annual Report
Year ended 31 March 2024
The trustees present their r8POrt and the flnanclal statements of the charlty for the year ended
31 March 2024.
Reference and administrative detalls
Reglsterod charlty name
Islamic Trust (Maid8nheadl
Charlty registration number
1034710
Princlpal offlco
The Mosque
Holmanleaze
Maidenhead
SL6 8AW
Berkshlre
Tho trustees
Saghir Ahmed
Salld All Khan
Abld Bhatti
Mohammed Riaz Choudhary
Mohammed Riaz
Zia Mahludln
Arif Mahmood
Waheed Azam
Muhammad Artf Butt
Company secTetsry
Saghlr Ahmed
Audltor
Almas Consultlng Ltd TIA Meridian Inslght
Accountants & Slalulory Auditors
Unit 15A, Slough Business Park
94 Farnham Road
Slough
Berkshlr9
SL13FQ
structurol governance and management
The Chsrfty Is run bylhe Executive Committeewhich Is assisted by afurther12 members sub-committeè
who are responsible for varlous section5 of the charlty affalrs i.e. Bulldings, Educatlon, Events.
Fundralslng, Maintenance. Womenlsisters and Youth. The sub-committees reporl backtothe Executlve
Commlltee al tha monthly meetlng.

Islamic Trust (Maidenhead)
Trustees, Annual Roport{eontinugdJ
Year 6nd6d 31 March 2024
Objects'ves and activlties
W8 have referred to the guldanc8 contain6d in th8 Charity Commlsslon's general guidance on publlc
benefll when revlewing our aims and obJectives and In plannlng our future activities.
Thg objects of the charlty are to provide facilities and provision of worshlp for the Muslims practlclng the
religion of Islam In Maldenhead and education and teachings of the Quran and Sunnah of the Prophet
Muhammad (PBUH) as well as Ihe splritual dev8lopmenl and support lo the communlty. Providlng
leadershlp and guldance In enabling Muslims of all ages and genders lo observe and practlce the Muslim
religion In Its true spirit.
The financlal year 2023 began in the second Ashra of the holy month of Ramadan 1444, The mosqu6's
actlvitl8s durlng this lime Included Taraweeh prayers, Iftars provlded to worshippars. and addltional
classes such as Tafseer ul Quran, which w8re offered to bolh men and women lo meet the Spirttual
needs of the comrnunily during Ihls sacred month.
Due to Ilmlted space, as the constructlon of the new Islamlc Centre began In early 2023, two large
marquees were in51alled on the mosque ground5 to accornmodale the Increased numberof worshippers
attending durlng Ramadan along wlth support education classes.
Mosque Vlslts
Maldenhead Mosque continues lo recelve regular vlsitors from across the Thames Valley area, Including
schools, Scout groups, and faith-based organisatlons, many of which vlsll as parl of thelr School
currlculum or lo fulfil faith badge requirements. The Islamlc Trust has malnlained strong relatlonships
with various organlsations, Including WAMCF, SACRE, and One Borough.
From April 2023 to March 2024, the number of vlsllors rose significantly, with 1,500 81tendees from 40
organlsations-a con$lderable increase compared to the pr8VIOU8 year.
Annual Gatherlngs
Throughout the year, several events have tsken place, monthly Zikr gatherlngs, discourses on Haji and
Qurbani, and Ihe annual gatherings for Muharram, Mawlld, Glyarween, and Isra w81 Ml'raj. Th8S8 events
were well attended by the communlty, and many were broadcast on soGial medla for thoBe unable to
attend in person.
Educallon Report
Our evening madrassah classe8, and Sunday school conllnue to provide hlgh-quallty Islamlc educatlon
to over 335 chlldren, Teachers 8re offered continuous professlonal development to mainlaln the hlgh
standard of educallon throughout our ¢1888e8.
The currlculum for the evening madrassah consists of two key stages. Key Stage 1 focuses on learnlng
the Qalda, while Key Stage 2 covars Quranlc studies along with supplementary subjects such as Flqh
and Seorah. Each year consists ofthrae terrns, with regular parent evenlngs, end-of-lerm assessments,
and an annual awards ceremony to recognlsa stud8nts' achlevem8nls, In 2023 our Sunday class
Currfculurn now Included Arablc grammar lo help improve thelr understandlng of Quranlc Arabic.
The Trust contlnues lo recognise the Importance of engaging chlldren In Islam1¢ education, partlcularly
before Ihelr GCSES, Buildlng on the success of our Year 6 class, Introduced In 2021, Year 7 class
commenced from 2023 whlch caters for Boys & Girls under tha age of 15.
The Trust's Journey lo Jannah Group continues to run popular aclivllles such as wlnter and summer
cubs, as well as the Fajr Jamaal challenge durlng the December school holidays,
Adult classes In Islamic Fiqh and Quran ar& also hald throughout th8 year for both men and women,
alongslde spiritual relreals for the community,

Islamic Trust (Maidenhead)
Trustees, Annual Report{conUnued)
Year 6ndod 31 March 2024
Other Activities
Wotl( in conjunctlon wlth Thame5 Valley Heartbeat tharity, The trust Installed a Deflbrillator on the
mosque site which is suitable for both adults and children which was important wlth large number elderly
and thlldren who vl8lt the mosque each day. Further worf(Ing with Thame8 Valley Heartbeat, Iralnlng
was dellvered for key staff and communlty members to learn how lo use the defibrillator In an
emergency.
In 2023 the Trust worked with the national charlly Anthony Charlly Nolans on a swabbing campalgn to
h8lp find a bon8 marrow match for a young chlld in the community who had been affected by thls rear
bone marrow disorder.
To help Improve the health of the communty, several initiatives were workgd on durlng the cours8 of
the yoar includlng:
Mental Health Workshops to manage anxiety & depresslon,
Cornmunily Bike and Walks for fitness
Talks on th8 topic of Universal surg1i8s and developing patlence In difflcull tlmes.
An emergency appeal had taken plac8 forthe Morocco earthquake whlch took place in September 2023
and the community donated generously along donating for Palestine Appeal afler the atrocrties taklng
place in Pale3tine.
Achievoment8 and porforniance
The charlty holds fiv8 daily prayers and one or two Jumma prayers In Ihe Mosque. Extra Jumma prayer
is held during School holidays and Ramadan to accommodate the extra attendees, It also holds 3
session8 of each annual Eld prayer. Traweeh prayers are hold during the month of Ramadan.
The charity holds regular gatherings throughout the year to comm8morale slgnificant events In the
Islamlc Calendar,
Apart from the acllvitles staled above the ch8rily had other acllvlties as follows,..
161amic Centre Project l Fundraising
Since the constructlon work commenc8d in early 2023, the proJect work8 have been golng well wlth all
structural works including the roof being completed by March 2024 wllh Ihe scaffoldlng expacted to be
Installed by early Aprll 2024.
The communlty has whole heartly been supporllng the new Islarnlc centre fundralslng campaigns run
by the trust, donatlng generously throughout the year. The following fundralslng actlvllles had
successfully been planned by the Trust:
Jummah Hot food Sale5
Sales of Doughnuts, Sweets, Dales & Zamzam Water
Car Washes run in April & May 2023
Yorkshlre Three Peaks Challenge
Maidenhead 2 Paris Blke Ride
Raffladan Buy a Brick campaign
Charlty donatlons In R8madan
Slsters Chand Raat event
The whole communlty have donated generouslyto the new centre campalgn Including local buslnesses.

Islamic Trust (Maidenhead)
Trustses. Annual Report fconflnugd)
Year ended 31 March 2024
Flnanclal revlew
Financial results of th8 Charity are shown on tha Statement of Financlal Aclivities page 10. The Trustees
conslder thal there are sufficlent fvnds held by the Charlty lo enable them to carry out the charliy
activities.
Plans forfulure perlods
The upcoming year will bring new challenges, especlally due to the Ilmil8d spac8 and parking In the
area. However, we ar8 presented with an exciting. onc@-in-a-lif8time opportunlly to croate a new,
purpos8-built centre that wlll setve the Maidenhead Community for years to come. This new facility will
allow us to expand and enhanGe the services we offer, including a community library, extended prayer
areas, funeral and remembrance spaces, and improved education and exercise facilltles.
The trustees, annual report wa5 approved on 3 January 2025 and signed on behalf of the board of
Iruslees by.,
Sajld All Khan
Trustee

Islamic Trust (Maidenhead)
Trustees. Responsibilities Statement
Year ended 31 March 2024
The Iruslees are responsible for preparing the trustees, report and the financlal 5tatement5 in
accordance with appllcable law and United Kingdom Accountlng Standards (United Kingdom Generally
Accepted A¢countlng Practice).
The law applicable to charities In England and Wales require3 the charity trustees to prepare financial
statement5 for each year whlch give a true and fair vi8w of the state of affairs of the charlty and of tho
incoming resources and application of resources, of the Charlly for that period,
In preparlng these flnanclal slatemenls, tha trustees are required to..
Select sullable accounting poli¢ies and then appty them consi8lenlly',
observe the methods and prlnclple8 In the applicable Charitles SORP;
make Judgments and accountlng estimates that are r9a8onable and prudent.
prepare tho financial statements on the going concern basis unless it is inapproprlate to presurne
that the charity will contlnue in buslness.
The trustees are responsible for keeplng adequate accountlng records that are sufficianl to show and
explaln the charity's transactions and dlsclose with reasonable accuracy at any 1Sm8 Ihe financlal
posillon of the Charlty and @nable them to ensure that the flnancSal statements comply wlth the Charities
Act 2011, the applicable Charllles (A¢counts and Reports) Regulations. 8nd the provlslons of the Trust
De8d. They are also responsible for safeguarding the assets of the charlly and hence for taklng
re880nable steps for the prevention and delection of fraud and other irregularltles.

Islamic Trust {Maidenhead)
Independent Audltovs Report to the Members of Islamic Trust (Maidenhead)
Year ended 31 March 2024
Oplnlon
I have audlled the flnanclal statements of Islamic Trust (Maldenhead) (the 'charily'l for the year ended
31 March 2024 which comprise the slalemenl of financial activitie8, Statement of finan¢lal position and
the fBlated notes, including a summary of significant ac¢ountlng policies. The financlal reporting
framework that has been applied in their preparation Is appllcable law and United Kingdom AGcountlng
Standards, including FRS 102 The Financlal Reportlng Standard applicable in the UK and Republic of
Ireland (United Kingdom G8nerally Acceptecj Accountlng Practlce).
In my obinion the financial statements:
glve a Irue and fair view of the state of the charily's affalrs as at 31 March 2024 and of its Incomlng
resources and application of reSoUr￿s. including 51$ Income and expendilure, for the year then
ended,,
have been properly preparod in accordance wllh Unlled Klngdom Generally Accepted Accounting
Practice.,
have been prepared In acwrdance with the requlrements of the Charllles Act 2011.
Basls for oplnlon
I conducted my audit In accordance wlth International Standards on Auditlng (UK) IISA8 (UK)) and
applicable law. My responslbillti8s undèr Ihose Standards are further descrlbed In the audltor's
responslbllities for the audit of the financial slalements se¢llon of my report. l am Independent of the
charity In accordance with the ethlcal requlr6ments that are relevant to my audit of the financlal
slalemenls in the UK, including the FRC'S Ethical Standard, and I have fulfilled my other ethical
responsibllilles In accordance with these requirements, I belleve that the audlt evldence I have obtalned
Is sufficlenl and appropriate lo provlde a basis for my oplnlon,
Conclusions relatlng to going concem
In auditing the finandal statements, I have concluded that lh8 trustees, use of the golng concern b881s
of accounting in the pr8paralion of the financial statements Is approprlale.
Based on the work I have performed, I have not identified any material uncertalnlles r8lating to events
or conditions that, Indlvldually or collectively, may cast signlflcanl doubl on tho charlty's ablllly to
conllnue as a golng concern for a period of at least twelve months from when the financlal statements
are authorlsed for Issue.
My responslbili118s and the re8ponsibilitl8s of the Iru8tees with respect to going concem ar8 dascribed
In the relevant Sections of thls report.

Islamic Trust (Maidenhead)
Independent Auditor's Report to the Members of Islamic Trust (Maidenhead)
(conf1￿￿e￿)
Year ended 31 March 2024
other Infom)alion
The other information comprises th8 information Included In the annual report, other than the financlal
stalements and my audilor's report thereon. The trustees are responslble for Ihe other Information. My
opinion on the finandal statements does nol ¢over the other infomialion and, except to the extent
otherwise expll¢llly stated in my report, I do not expr8ss any form of assurance concluslon thereon.
In connection wlth my audlt of the flnancial statements, my responslbility is to read th6 Other Informatlon
and, In doing so, conslder whether the other infotination is materlally inconsistent wllh the financial
8tat@ments or my knowledge obtained in the audlt or otheNlse appears lo be materlally mlsstal8d. If I
idenllfy such matorlal Inconsistencies or apparent material mlsstal8ments. l am requir@d lo determlne
whether there Ss a malerial mlsstatement In the financial statements or a material misslaternent of the
other informatlon. If, based on the wotl( I have performed, l Conclude that there 15 a materlal
mlsstatemenl of this other informatlon, l am required to report that fact.
I have nothing to report In this rogard.
Matters on which l am requlred to report by excoption
In the light of the knowledge and und8rstanding of the charity and Its environmenl oblalnod In the course
of the audit, I have not identified malerlal misstatements In the trustees, report.
I have nothlng to report in respect of th8 following matters In relatlon to whlch th8 Charfties Act 2011
requires me lo report to you if, in my oplnlon:
lh8 informatlon given In the trustees, report Is Inconsistent in any material respect wlth the flnancial
statements,, or
adequate accountlng records have not been kepi,. or
the fSnanclal statements are not In agreement wllh the accounting records and returns; or
I havo not r8¢elved all the Information and explanallons I requlre for my audlt,
Re8pon81bilitios of trustees
As explained more fully In the trustees, responsibllltles statement, the trustees are re8ponslble for the
preparation of the financial statements and for beSng satisfied that they give a true and fair vlew, and for
Such Internal conlrol as the trustees determln8 is nec8ssary to enable the preparation of flnancial
statements that are free from malerlal mlsstatement, whether due to fraud or error.
In preparlng the financial statements, the trustees are responslble for assesslng the charltls ability to
continue as a going concern, discloslng, as applicable, matters related lo golng concem and using the
golng ¢on¢em basls of accountlng unless the trustee8 ellher Intend to Ilquidal8 tha charlly or to cea8e
operallons, or have no realistlc alternative but to do so.

Islamic Trust {Maidenhead)
Independent Auditor's Report to the Members of Islamic Trust (Maldenhead)
(contsnuerl)
Year ended 31 March 2024
Audltorfs responsibllitles for the audlt of thg financlal statements
My oblectlves are lo obtain reasonable assurance abolrt whether the financlal stalemants as a whole
are fre8 from m8terial misstatement, whether due to fraud or error, and to Issue an auditor's report that
Includes my opinlon. Reasonable assurance is a hlgh level of assurance, but is not a guarantee that an
audit conducted In accordance with ISAS (UK> wlll aEways detect a material mlsstatem@nl when It exlsts.
Misstatements can aris8 from fraud or error and are considered material if, indlvidually or in the
aggregate. they could reasonably be expected to Influen￿ the economlc decislons of users taken on
the basis of these financial statements.
Irregularitles, In¢ludlng fraud, are instances of non-compllance with laws and regulations, I deslgn
proc8dures in line with my responslbllities, outlinod above, to detect malerial misslatemenls in respecl
of irregularitie8, inciuding fraud. The ext6nl to which my procedures arg capable of d8lecting
rregularities, Includlng fraud is d8tailed bélow..
Irregularities, including fraud, are instances of non-compllan¢e with laws and regulations. We design
procedures In line wlth our responsibllltles, outlined abovo, to detect material misslalemenls in respect
of Irregularities, Includlng fraud.
A further descrlption of our respon51bilities for the audit of the accounts is available on the Financial
Reportlng Council's website at www.fr¢.org.uklaudilorsr88ponsibllltles. This descrlpllon forms part of our
auditor's report.
As part of an audlt In accordance with ISA8 (UK), l exer¢i8e professlonal Judgment and maintain
professional sceptlclsm throughoul the audit. l also..
Identify and assess the rlsks of materlal misslatemenl of the financlal Statements, whether due to
fraud or error, deslgn and perform audit proc8dures responsive to those rlsks, and obtain audit
evidence that Is sufficlenl and appropriale to provlde a basls for my oplnlon, Th8 rlsk of not
detecting a material mlsstatemenl resulting from fraud Is hlgher than for one roBulting from error.
as fraud may Involve collusion, forgery. int8ntional omlsslons, mlsrepresenlatlons, or the overrid8
of internal control.
Obtaln an understanding of Internal control relevant to the audtt in ord8r to deslgn audit procedures
that are approprlate in the drcumstanc8s, bul not for the purpose of expresslng an opinion on the
8ffectivene$8 of the intemal control.
Evaluate the appropriateness of accountlng policies used and the reasonableness of accounllng
estimates and related disclosures made by the trustees,
Conclude on the appropriateness of the Iruslees, use of the going concern basis of accounting
and, based on th8 audit evidence cbtained, whether a material uncertainly exlsts related lo events
or conditions that may cast slgnlficant doubl on the charity's ablllty to continue as 8 going concem.
If I conclud& that a materlal uncerlalnty axisls, l arn requlred to draw altentlon in my auditor's report
to the related disclosures in the flnancial statements or, If such disclosures are Inadequate, to
modify my oplnlon. My conclusions are based on the audit evldence oblalned up lo the date of my
audllor's report. However, future events or Gondlllons may cause the charity to cease to oonlinu8
as a going concern.
Evaluate the overall presentation, struciure and Content of the financlal slatemenls, Includlng the
disclosures, and whether the financial slatements represent the underlylng transactions and events
in a manner that achleves falr presentation,

Islamic Trust (Maidenhead)
Independent Auditor's R6port to the Members of Islamic Trust (Maidenhead)
(contin(Jed)
Year ended 31 March 2024
I communicate wilh those charged with governance regarding, among other matters, the planned scope
and timing of the audit and signrficant audit findings. including any significant deficiencies In internal
control that I Identity durlng my audit.
Use of my report
This report is made so161y to the Charity's members, as a body, in accordance with section 144 of th8
Charlties Act 2011 and regulatlons made under section 154 of that Act. My audit work has been
undertaken so that I might slale to the charltys m8mbers thos8 mallers l am required to state to them
In an auditorfs report and for no other purpose. To the fullest extent pemiitled by law, I do not accept or
assume responsibility lo anyone other than the charity and the charity's members a8 a body, for my
audlt work, for thls reporl, or for the opinion61 have formed.
Bilal Amln
Senlor Statutory Audltors
Almas Consulllng Ltd TIA Meridian Inslght
Accounlanls & Stalulory Auditors & statutory audllor
Unit 15A, Slough Business Park
94 Farnham Road
Slough
Berkshire
SL13FQ
3 January 2025

Islamic Trust (Maidenhead)
ststement of Financial Activities
Year endod 31 March 2024
2024
Restricted
nds Total funds Total funds
2023
Unreslrl¢ted
funds
Note
Income and endowments
Donations
374,225
374.225
336,945
711,170
711,170
422.218
422,218
Total Income
336,945
Exponditure
Expenditure to relieve poverty..
Charitable payments
Governance costs
Other expenditure
Total expenditura
29,198
29,198
151,054
28,450
139,598
7,487
175,535
151,054
151,054
29,198
180.252
Net Income
223,171
307,747
530,918
248,683
Transfers belwaen fund8
1,185,730 (1,185,730)
Net movement In fund8
1,408,9J1
(877,983)
530,918
246,683
Recon¢lllation of funds
Total funds brought fO￿ard
Total funds carrled fO￿ard
1,914.239
1,605,632
727,649
3,519,871
4,050,789
3,273.188
3,323,140
3,519,871
The statement of flnanclal actlvltles Includes all galns 8nd losses recognlsed In Ihe year,
All Income and 8xpenditure deriv8 from contlnulng activit18S.
The notes on pages 12 to 17 form part ofthosg flnanclal 8tatements.
10

Islamic Trust (Maidenhead)
Statement of Flnancial Position
31 March 2024
2024
2023
Note
Flxed assets
Tangible fixed assets
12
2,461.052
1,286,350
Current assets
Debtors
Cash al bank and in hand
13
5.080
1,800,367
1,605.447
3,188
2,262,983
2,266,171
Crgditors: amounts falllng dug wlthin one year
Net Current assets
14
1S,710
32,850
2,233,521
1,589.737
Total assotg loss current Ilabllltl88
4,050,789
3,519,871
3,519,871
Ngt assets
4,050,789
Funds of tho charlty
Restricted funds
Unrestricted funds
727,649
3,323,140
4,050,789
1,605,632
1.914,239
3.519,871
Total charlty fund8
16
These financial statements werè 8pproved by the board of trustees and aulhorlsed for Issue on 3
January 2025, and are signed on behalf of th8 board by:
Abld Bhatti
TNgtoo
The notes on pages 12 to 17 form part of these flnanclal stat&ments.
11

Islamic Trust (Maidenhead)
Notos to the Financlal Ststoments
Year ended 31 March 2024
Genoral inforniatlon
The charity is a public b@nafit entity and a reglslered Gharity In England and Wales and is
unincorporated. The address of the principal office is The Mosque, Holmanleaze, Maidenhead,
SL6 8AW. Berkshire.
statement of Compliance
These flnancial statements h8va been prepared In compllance wlth FRS 102, The Flnancial
Reporting Sland8rd appllcable in the UK and the Republic of Ireland,, the Statement of
Racommended Practice applicable to charllles preparlng their accounts In accordance with the
Financlal Reportlng Standard applicable in the UK and Republic of Ireland (FRS 102) {Charitie$
SORP {FRS 1021) and the Charftles Act 2011.
Accountlng pollcle$
lal Basis of preparatlon
The financlal statements have been prepared on the historlcal cost basls, as modified by the
revaluatlon of ¢ertain financlal assets and liabllitles and investment properties measured at fair
value through Inwme or expendllure.
The financial statements are prepared In sterling, which is the functional currency of the entlty,
(bl Golng concern
There are no materlal uncertalnties about the charity's abilrty lo continue,
{cl Dl8clo8ure exemptlons
The enllty Satisfies the criterla of belng a quallfylng entity as deflned in FRS 102. As such,
advantage has been taken of the followlng di8¢108ure exernption available under paragraph 1.12
of FRS 102,.
{a> No cash flow stalem8nl has been pres8nted for the company.
Idl Judgements and key 8ource9 of estlmatlon uncertainty
The preparaUon ofthe Ilnanclal statements requlres management to mak8 judgements, estlmales
and a88umptlons Ihat affect the amounts reported. These estlmates and Judgements aré
continually revlewed and are based on experience and other factors. Includlng gxpectallons of
future events that are belleved to be rea80nabl8 under th8 clrcumstances,
{8) Fund accountlng
Unr8striclod funds ar8 available for u3e al the discrellon of the tnJst86S to further any of the
charlty's purposes,
De51gnated funds are unrestricted funds 8arm8rked by the trustees for particular future project cr
commltment.
Restricted funds are subjected to reslriclions on their expenditure declared by the donor or through
Ihe terms of an appeal, and fall into one of two sub-classes.. restrlcted income funds or endowment
funds,
12

Islamic Trust (Maidenhead)
Notes to the Financial Statements (contlnijed)
Year ended 31 March 2024
Accountlng pollcies (contlnu8rf1
{fj Incomlng resources
All incoming resources are included In the statement of financial activitle8 when enlltlement has
passed lo the charity: it is probab18 that the economlc benefits assoclated wilh the transaction will
flow to the charity and the amount can be reliably measured. Tho following specific polides are
applied lo particular categories of income,.
income from donations or grants Is r8cognised when there is evldence of entitlement to the
glft, recelpt Is probable and ils amount Gan be measured reliably.
legacy income Is recognised when receipt Is probable and entitlement Is establlshed.
income from donated goods Is measured al the falr value of the goods unless thls Is
impracllcal to measure reliably, in whl¢h case the value Is derfved from the cost to the donor
or the estlmated résale value. Donated facllllles and servlces are recognlsed in the accounts
when received If the value can b8 reliably measured. No amounts are Included for the
conlrlbutlon of general volunteers.
Income from conlrac15 for the supply of services Is recognlsed with the delivery of the
contracted servlce. Th18 Is classified as unrestrictod funds unless there Is a contractual
requlrement for it to be spent on a particular purpose and returned rf unspent. In whlch case
It may be regarded 8$ re8trict8d.
(gl ResourGO8 expendod
Expenditure is recogn18ed on an accrual8 basis as a liability is incurred. Expenditur8 includes any
VAT which cannot be fully recovered, and is Glassffled under headings of the slat8ment of financial
aclivllies to whlch it relate8',
expendtture on raislng funds Includes the costs of all fundralslng activitles, ev8n18, non-
charitab18 tradlng actlvlt5es, and the sale of donated goods.
expendlture on charltable aclivltles includes all costs incurred by a Charlty In undertaking
acllvltles that further ils charllable aiins for the benefit of Ils beneflclarles, includlng those
support costs and costs relatlng lo the governance of tha charity apportioned to charitable
aclivlti8S.
other expendllure Includes all expendltur8 that is neither related to ralslng funds for the charlty
nor parl of ils expendilura on charitable actlvltles,
All costs are allocated to expenditure categories refle￿Ing the use of the resource. Dlrect costs
attributable lo a slngle actlvily are allocated direclly to that acllvity. Shared wsts are apportloned
between tha activltles they conlrlbul8 lo on a rea80n8bl8, justlfiable and conslstent basis.
Ihl Tanglble assets
All fixed ass8ls are Inltially recorded at C05t,
13

Islamic Trust (Maidenhead)
Notes to the Financial Statements (condnued)
Year ended 31 March 2024
Ac¢ounllng poll¢les {contlnuedJ
{11 Dopreclatlon
Depreclalion is calculated so as to write off the cosl Dr valu8llon of an asset, less ils resldual value,
over the useful economlc Ilf8 of that asset as follows,.
Buildlng cost excludlng land
Flxtur8s, fittings & equlpment
Motor vehl¢le8
Over 150 yaars
150A reducing balance
15% reducing balance
Ul Impaimignt of flxed assets
A review for Indicators of impaimient is carrled out at each reporting date. wlth the recoverable
amount being estimaled where such indicators exist. Where th@ carrying value exceeds the
recoverable amount, th& asset is Impalred ac¢ordlngly. Prior Impalrments are also revlewed for
pos$lble reversal al each reporllng date.
For the purposes of Impairmont testing, when11 Is nol possible to estimale the recoverable amounl
of an Indivldual asset, an estimate Is made of the recoverable amount of the cash-genorating unlt
lo whlch the as3et belongs. The cash-generatlng unit Is the smallest Identiflable group of assets
that Includes th6 asset and generates cash Inflows that largely independent of the cash Snflcws
from other assets or groups of ass81s.
For Impairment testing of goodwill, lh8 goodwlll acqulred In a bu8lness Combination Is, from the
acquisition dale, allocated to each of the cash-g6n8rating units thal are expected to benefll from
the synergles of the comblnalion, Irrespective of whether other a8S8t$ or Ilabilities of the charity
are asslgned to those unlts.
Donatlons and legacios
Unrestricted
Funds
Restrlcted Totsl Funds
Funds
2024
DOna￿on8
Publlc general donation8
Z8kal, fftrana 8nd appea15 income
358,425
15,800
374,225
323,551
13,394
681.976
29,194
711,170
338,945
Unreslrlcted
Funds
Reslrlcted Total Funds
Funds
2023
Donatlons
Publlc general donatlon5
Zakat, filrana and appe81s Incoma
308,793
86,895
28,530
115,425
393,688
28,530
422,218
3IX.793
Expendlture on relleve of poverty
R8slricted Total Funds
Funds
2024
Restricted Total Funds
Funds
2023
Zakat, fitrana and appeals pald out
29,198
29,198
28,450
28,450
14

Islamic Trust (Maidenhead)
Notes to the Financlal Statements (contlnugd)
Year ended 31 March 2024
Expenditure on charlty actlvltles
Support Totsl funds
costs
2024
Total fijnd
2023
Governance costs
151,054
151,054
139.598
Other expendlture
Unreslrlcted Total Funds Unrestrlcted Tolal Funds
Funds
2024
Funds
2023
Loss on dlsposal of tanglble fixed
assets held for charlty's own use
7,487
7.487
Net incomo
Nel income Is stated after charging1(crediling)'.
2024
2023
Depreclalion of tanglble fix8d assgls
Loss on disposal of tangible fixed a53ets
9,294
7,676
7,487
Audltor3 rgmuneratlon
2024
2023
Fees payabl8 for the audit of the financial stalements
4,800
4,8QO
10. Staff costs
Th8 lotal staff costs and employee benefits for Ihe reportSng perlod are analysed 8s follows..
2024
2023
Wages and salaries
Soclal security costs
25,000
563
25.000
563
25,663
25,563
The averag6 head count of amployees during the year was 112023.. 11,
No employee receiv6d employee benefits of more than £60,000 during the year12023: Nill,
11. Trustee remuneratlon and exponso9
No remuneration or other b8neflts from employment with the charity or a related entlty were
recetved by the trustees.
15

Islamic Trust (Maidenhead)
Notes to the Financlal Statements (conunuedj
Year ended 31 MarGh 2024
12. Tanglble flxed assets
Land and Flxtures and
buildings
fittlngs
Total
Cost
At 1 April 2023
Additlons
1,284,797
1,169,126
76,495
14,870
1,361.292
1,183,996
2,545,288
At 31 March 2024
2,453,923
91,365
D8pre¢latlon
Al 1 Aprll 2023
Charge for the year
At 31 March 2024
21,570
3,595
53.372
5.699
74,942
9,294
84,236
25,185
59,071
Carrylng amount
At 31 March 2024
2,428,758
1,283,227
32.294
2,461.052
1,286,350
Al 31 March 2023
23,123
13. Debtor8
2024
2023
Prepayments and accrued Income
other debtors
3,390
1,690
5,080
3,188
3,188
14. Credltors: amounts falllng due wlthln one year
2024
2023
Trade creditors
Accrua18
Social security and other taxe8
Other creditor8
7,952
4,800
109
2,849
15,710
21,243
4,800
1,103
5.504
32,650

Islarnic Trust (Maidenhead)
Notes to the Financlal Statements fcontlnuedj
Year 6nded 31 March 2024
15. Analys18 of charltable funds
Unr8strlcted funds
At
31 MarGh 20
24
At
1 Aprll 2023
Income Expendlture
Transfers
General funds
1,914,239
374,225
(151,0541 1,185.730
3,323,140
At
31 March 20
23
At
1 April 2022
Incomo Expendltur8
Transfers
General funds
1,724,898
306,793
1147,085)
29,633
1,914,239
Re8trlcted funds
Al
31 March 20
24
Al
1 April 2023
Income Expenditure
Transfers
Restricted Fund
1.805,632
336,945
(29,198> (1,185.730)
727.649
At
31 March 20
23
At
1 Aprll 2022
IncomB Expenditure
Transfers
Restricted Fund
1,548,290
115,425
128,450)
(29,833} 1,605.832
16. Analy$ls of net a88ets be￿on funds
Unrestrlcted
Funds
Restricted Total Funds
Funds
2024
T8nglble fixed assets
Current assets
Creditors less than 1 y&sr
Nat assets
2,461,052
877,798
(15,710)
3,323,140
2,461,052
1,605,447
115,7101
4,050,789
727,649
727,649
Unrestrlcted
Funds
Re6trIcted Total Funds
Funds
2023
Tangible r￿ed assets
Current assets
Creditors less than 1 year
Net assets
1,286,350
660,539
132.650}
1,914,239
1,286,350
2,266.171
{32,650)
3,519,871
1,605,632
1,605,632
17

Islamic Trust (Maidenhead)
Management Information
Year ended 31 March 2024
The followlng pages do not forni part of th6 flnanclal 8tatement$.
18

Islamic Trust (Maidenhead)
Datailed Statement of Financial Actlvitles
Year ended 31 March 2024
2024
2023
Income
Donatlons
Public general donatlons
Zakat, fitrana and appeals Income
681,976
29,194
711.170
393,688
28.530
422.218
Total In¢omo
711,170
422.218
Expgnditure
Costs of poverty rellef
Zakat. fitrana and appeals paid out
29,198
28,450
Expendlture on charltablo activltl88
Wages and salaries
Empk)yer's pension
Prem15es costs
Audit faos. consultancy and freelance costs
Costs of events and activiti88
General expense8
Depredallon
Bank Interest payable and slmllar charges
Repairs and maintenance
Insurance
Telephone and IT
Printing, p08tage and Stationery
25,000
563
24,087
57,536
22,840
806
9,294
821
1,435
5,609
969
2,294
151,054
25,000
563
23,227
83,117
12,985
1,900
7,676
271
(2,859)
5,440
919
1,359
139,598
other gxpondlture
Loss on disposal of tanglble fixed assets hald for ¢harlty'8 own use
7,487
Total expendlture
180,262
175,535
Net Income
530,918
246,e83
19