CHARITY REGISTRATION NUMBER: 1034710 Islamic Trust (Maidenhead) Financial Statements 31 March 2025 MERIDIAN INSIGHT Accounlants & Statutory Auditars Unit 15A, Slough Business Park 94 Farnham Road Slough Berkshire SL13FQ
Islamic Trust (Maidenhead) Trustees. Annual Report Year ended 31 March 2025 Th@ trustees present their report and the financial statements of the charity for th6 year ended 31 March 2025. Reference and admlnlstrative details R8glst8red charity name Islamic Trust (Maidenhead) Charity registration number 1034710 Prlncipal offlce The Mosque Holm8nl8aze Maidenhead SL6 8AW Berkshire The truste99 Saghlr Ahmed Sajid Ali Khan Abid Bhalti Mohammed Riaz Choudhary Mohammed Riaz Zia Mahiudln Arif Mahmood Waheed Azam Muhammad Arrf Butt Charlty secretary Saghir Ahmed Audltor Almas Consulting Ltd TIA Meridian I nsight Accountants & Statutory Auditors Unit 15A, Slough Business Park 94 Famham Road Slough Berkshire SL13FQ Structure, governance and management The Charity is run bythe Executive Committee which is asslsted by a furth8r12 m8mb6rs 8ub-commitlee who are responsibl8 for variou3 sections of the charity aff8ir5 i.e. Buildings, Education, Events, Fundraising. Maintenance, WomenlSi8ter8 and Youth, The sub-commtttee8 report backtothe Executive Committee at the monthly meeting.
Islamic Trust (Maidenhead) Truètees. Annual Report {contlnuedJ Year ended 31 March 2025 Objectives and actlvltles We have referred to the guidance contained in the Charity Commission'8 general guidance on public benefit when reviewing our aims and objectives and in planning our futur8 activities. Th8 obj8cts of the charity are to provide facilities and provision of worship for the Muslims practicing the religion of18lam in Maidenhead and education and teachings of the Quran and Sunnah of the Prophet Muhammad (PBUH) ss well as the spiritual devèlopment and support to the community. Providing leadership and guidance in enabling Muslims ofall ages and gendersto observe and practiceth& Muslim religion in its true spirit. Aprll 2024 - March 2025 The 2024 financial year commenced during the concluding ten days of the holy month of R8m8dan 11445 AH). Throughout this auspicious period, the mosque delivered a comprehensive program of spiritual and communityryoriented activities. These included Taraweeh prayers, the provision of Iftar meals for congregants, and enhanced educational offerings such as T8fseer-ul-Qur'an sessions. These initiatives were made accessible to both men and women, ensuring the divers6 spiritual needs of the community w8r& fully 8UPPOrted during this sacred time, Mosque Vlslts Maidenhead Mosque continues to host a steady stream of visltors from 8cross the Thames Valley, including educational institutions, Scout groups, and faith-based organisalions. These visits often form part of school syllabi or contribute towards achi8ving faith-related awards. Th6 Islamic Trust h88 upheld strong collaborativeties with prominent bodies such as the Wlndsor and Maid6nh68d Community Forum (WAMCF), Tham6s Valley Masaajid Council, the Standing Advisory Council on Religious Education (SACRE), 8nd One Borough, underscoring its dedication to fostering interfaith dialogue and community cohesion. From April 2024 to March 2025, 8tt8ndanc8 levéls remained comparable to th8 previous year. During this period, the mosque welcomed approximately 987 individuals representing 32 distinct organisations. Annual Gatherlng8 Throughout the year, the mosque hosted a diverse range of program8 and even18, including th8 observance ofLaylatul Qaér, scholarly discourses on topics such as the Fundamenta18 of Fiqh, the Foty Hadith of Imam Nawawi, and Al-shama'il Al-muhammadiyya, delivered by respected local scholars, Additional sessions covered Hajj and Qurbani, alongside annual commemralions for Muharram, Mawlid, Giyarw88n, Heroic HiBtory. Isra wal Mi'raj. and Secret8 of Fasting. Regular monthly Zikr gatherings were also held, complemented by practical workshops such as Janazah preparation. These events were well attended by tha community, and many were broadcast via Social media platforms lo ensure accessibilty fcr those unable to participate in person. Educatlon Report Our 8v8ning madr8ssah cl88ses, and Sund8y school continue to provide high-quality Islamic education to ovor 335 children. Teachers are offered conlinuous professional development to maintain the high standard of education throughout our Classes, Th8 Trust continues to recogni8e the importance of engaging children in Islamic education, particularly before their GCSES. Building on the succe88 of our Year 8 c18ss, introduced in 2021, Year 7 class commenced from 2023 which caters for Boys & Girls under the age of 15. I n addition. the Trusrs Journ8y to Jannah Initiatlve continu&s to offer popu lar activities, including summer camps and the Fajr Jamaat Challenge during the December school holiday8, fostering both spiritual growth and community engagement among young learners. othar Activitles In 2023, th8 Trust collaborat1 with the national charity Anthony Nolan on a swabbing campaign aim8d
Islamic Trust (Maidenhead) Trustees, Annual R8port (contlnuedj Year ended 31 March 2025 at finding a bone marrow match for a young child in the community affected by a rare bone marrow disorder. Following the successful identification of a donor, the Trust ¢ontinued ils partnership with the charity into 2024 to a8SiSt in locating match8s for other children impacted by similar conditions. To promote health and wellbeing within the community, the trust sustained several initlatives, including.. The Th8mes Valley Masaajid Council Inter-mosque Football Tournament. Mental Health Workshops for young people in collaboration with th8 NHS. Community bike rides. Counselling services. Throughout 2Q24, Ihe Trust also continued its support for humanitarian efforts in Palestine. The communty r8sponded g8nerously to the Palestine Appeal In light ofthe ongoing humanitarian cri8is and atrocitie8 in the region. Achievemonts and pèrformance Islamlc Centre Project l Fundralslng To support th8 Islamlc Centre Project, the Tru81 organised a successful charity fundraising dinner In November 2024 at the Crowne Plaza Maidanhead, which w8s well attended by members of both the local and wider community. During the final ten days of Ramadan, the My Ten Nights service was once egain ulili8ed following its success in previous years. Over the course of the ye8r, significant progress was madé on the project, with the building 8INclure and rendering completed, alongside Ihe installation of external windows and doors. The community has wholeheartedly supported the fundr8ising camp8igns for the new18lamlc Centr&, contributing generously throughout the year. The following initiative8 were successfully delivered by the Trust,, Fundral8ing Dinner Jummah Hot Food Sale8 Sal88 of Datas and Zamzam Water sle of Wight Bike Ride. Sisters, Chand Raat Evenl Local businesses have also p18yed an gctlve role in supporting the campaign, demonstrating strong community commilmenl to the project, Flnanclal r8vlow Financial re8ulls ofthe Charity are shown on the Statement ofFinancial Activities page 10, The Trustees consider that there are sufficlenl fund8 held by the Charity to enable them to carry out the charity sctiviti8S.
Islamic Trust (Maidenhead) Trustees. Annual Report (conlAnuedJ Year ended 31 March 2025 Plans for future perlod8 The year ahead presents both challenges and opportunities. While space and parking constraints remain a concern, we are on Ihe brink of an extraordinary, once-in-a-lifetim8 Opportunity to establish a purpose-built Islamic Centre thal will seNe th8 Maidenhead community for generations to come. This new facility will en8ble us to signrficantly expand and enhancethe services we provide. Keyfeatures of the proposed centre include.. A dedicated library to promote learning and knowledg8-sharing Extended prayer areas to acconimodate growing congregational needs Body Washing, Funeral and remembrance spaces to support families during times of bereavemenv, Modern educatlonal facilitie8 designed for both children and adults Exercise and wellbeing areas to encourage a healthy lifestyl8 Within the community Our vision Is to create a vibrant, inclusive hub that not only meets the spiritual needs of the community but also foster8 education, health, and SQGial cohesion. The Irusl@8s' annual report was approv8d on 26 January 2026 and signed on behalf of the board of trusteeB by.. Sajld All Khan Trustee
Islamic Trust (Maidenhead) Trustees, Responsibillties Statement Y6ar ended 31 March 2025 The Iru5tees are responsib18 for pr6paring the trustees, report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom G8n8rally Accepted Accounting Pr8Cticel. The law applicable to charities in England and Wales r8quires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, of the charity for that period. In praparing these financial st8tements, the trustees are required to.. 8elect suitable accounting policies and then apply them consistently. obseNe the methods and principles in the applicable Charitie6 SORP, make judgment8 and accounting estimate8 that are reasonable and prudent., prepare the financial slat8m8nts on the going GonGern basis unless It is inappropriate to presume that the charity will continue in business. The tru8tee8 are responsible for keeping adequate accountlng records that are sufficient to Show 8nd explain the charity's transactions and disclose wilh reasonable accuracy al any lim8 the financial position of the charity and enable them to ensure Ihat the financial statements comply with the Charities Act 2011. the applicable Charities (Accounts and Reports) Regulations, and thè provisions of the Trust Deed. They are also re8ponsible for safeguarding the assets of the charity and hence for taking reasonabl& steps for the prevention and detection of fraud and oth8r irregularities.
Islamic Trust (Maidenhead) Independent Auditor's Rebort to the Members of Islamic Trust (Maidenhead) Year ended 31 March 2025 Opinion I have audited the financial statements of Islamic Tru8t (Maidenh8ad} (the 'charity') for the year ended 31 March 2025 which comprise the statemenl of financial activities, statement of financial position and th8 r8laled notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicabl818w and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and R8public of Ireland (United Kingdom Generally Accept8d Accounting Pracllce). In my opinion the financial statements- give a true and fair view of the stale ofthe charity's affairs as 8t 31 March 2025 and of its incoming resources and application of resource8. including its income 8nd expenditure, for the year then ended., have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice. have been prepared in accordance with the requirements of the Ch£ritles Act 2011. Basls lor oplnion I wnducted my audit in accordance with Internatlonal Standards on Auditing (UK) (ISAS (UK)) and applicable law. My respon8ibilities under those slgndards are further described in the auditorfs responsibilitles for the audit of the financial 8tatements section of my report. l am indep8ndenl of the charity in aGGordance wilh the ethical reqUreMentS that are relevant lo my audit cf the financial statements in th8 UK, including the FRC'S Ethical Standard, and I have fulfilled my other elhical responslbilitles In accordance with these requirements. I believ6 that the audit evidence I h8ve obtained 16 8uffiGient and appropriate to provide 8 basls for my opinlon. Concluslon8 ralatlng to golng concern In auditing the financ181 slatements, I hsve concluded that the tru8lee8' US8 of the going concern basi8 of 8rxounting in the preparation of the financial slatements 18 appropriate. Based on th8 work I have perfomed, I have not Identified any material uncertalntias relating lo events or conditions that, individually or collectively, may cast significant doubl cn the charity's abillty to continue as a going concern for 8 period of al least twelve months from when the financial slatem8nts are authorised for i88ue, My responsibilities and the responsibilities of the trustees with respect to golng concarn are described in the relevant sections of thi5 report.
Islamic Trust (Maidenhead) Independent Auditor's Report to the Members of Islamic Trust {Maidenhead) (contlnuod) Year ended 31 March 2025 Other infomiatlon The other information comprises the information included in the annual report, other thall the fi'nancial stat@manls and my auditor's report Ihereon. The trustees are responsible for the other informatlon. My oplnion on the financial statements d06s not cover the other information and, except to the extent otherwise explicitly slated in my report, I do not expres8 any form of assurance conclusion Iheroon. In connection with my audit of the financial statements, my responsibility is to reed Ihe other information and, in doing so, consider whether the other inft)rmation 15 materially inconsistent with the financi81 statements or my knowledge obtained in the audit or otherwise appears to be mat8rially mlsslated. If I identify such material Inconsistencies or opparent material misstatemènts, l am required to determine whether there is a material misstatement in the financial stalements or a material misstatement of th8 other information. If, based on the work I hava performed, I conclude that there is a material misstatement of this cther information, l am required to report that fact. I have nothing to report in this regard. Matters on whlGh l am required to report by éxcaption In the light of the knowledge and understanding of the charity and it8 environment obtained In the Gouf8e of the audlt, I have not Identified material mis8tatem8nt8 in th6 tw8tees' report. I have nothing to report in respect of the following matter8 in relallon to which the Charities Act 2011 requires me to report to you if, in my opinion: the information given in th8 tru8tee8' report 18 inconsistent in any material respecl with Ihe finsnclal statements,, or adequate accounting records have not been kept., or the flnanclal 8tatem8nts are not in agreèment with Ihe aGcounting records and returns., or I hav8 not ¢81Ved all the informalion and explanations I require for my audit, Responsibilities of trustees As explained more fully in tho trustees, responsibllities statement, the trustees are responsible for Ihe preparation of the financial statements and for being salisfied that they give a true 8nd fair vl8w, and for such internal control 8S the trustees detemine 18 necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or 8rror. In preparing the financlal statements. th& trustees are responsibl& for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matlers related to going concem and using the going concern basis of accounting un1688 the trustees either intend to liquidate the charity or to cease operation8, or have no realistic all&mative but to do so.
Islamic Trust (Maidenhead) Independent Auditorfs Report to the Members of Islamic Trust (Maldènhead) (con*lnuodJ Year ended 31 March 2025 Audltor's responslbilities for the audlt of the financlal statements My objectives are to obtain reasonable assurance about whether tha financial statemgnts as a whole are free from material misstatement. whether due to fraud or error, and to issue an auditor's report that includes my opinion. Reasonabl8 assurance is a high level of 88surance, bul is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstatementwhen it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregat8, they could r88sonably be expected to influence the economic decisions of users taken on th& basis of these financial statements. Irregularities, Including fraud, are instance8 of non-compliance with laws and regulations. I design procedures in line wilh my responsibilities, outlined above, to detecl material misstatements in respect of irregularitie8, including fraud. The exlent to which my procedures 8re capable of detecting Irregularities, including fraud is detailed below.. Irregularitie8, includ ing fraud, are instances of non-compliance with laws and regulations. We d8sign procedur88 in lin8 Wlth our responsibilities, outlined 8bov8, to delect material mi5Statement8 in respect of irregulariti88, including fraud. A further description of our responsibilities for the audit of the accounts 18 available on the Financial Reporting Council's w8bsite atwww.frc.org.uklauditorsresponsibilit168, Thi8 dèscription form8 part ofour audilor'B report. As part of an audit in accordance with ISAS {UK>, l exercise prof888ional judgment 8nd maintain professlonal 8cepticism throughout th& audit, l also.. Identlfy and asses8 th& risks of material misstatement of the financial statements, whether du@ to fraud or error, design and perform audit procedures responsive to those risks, and oblaln sudlt evidenc& Ih8t is sufficient and appropriate to provide a basis for my opinion. The risk of not detecting a mstarial misstatement resulting from fr8ud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, mlsre'presentations, or tha override of internal control. Obtain an understanding of inlemal control relevanl to the audit in order to design audit procedures that are 8ppropriat8 in the circumstance8, bul not for the purposa of expre88ing an opinion on the effectiveness of the internal control. Evaluate the appropriateness of accounting policies us8d and the reasonableness of 8ccounting estimates and related disclosure8 made by the trustees. Conclude on the appropriateness of the trustees, use of the golng concern basis of accounting and, based on the audit evidence cbtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charity's ability lo continue as a going concem. If I conclude that 8 material uncertainty exists, l am required to draw allantion in my auditor's report to the related disclosures in the fln8ncial statements or, if such disclosure8 are inadequate, to modify my opinion. My conclusions are based on th8 audit evidence obtained up to the date of my auditorfs report. However, future evenl8 or conditions may cause th8 ch8rity to ceas8 to continue a8 a going concern. Evaluate the overall presentation, structur8 and content of the flnanclal statements, including the disclosures, and whether Ihe financial statements represent the underlying transactions and events in a manner that achieves fair present8lion.
Islamic Trust (Maidenhead) Independent Auditor's Report to the Members of Islamic Trust (Maidenhead) (contlnu8d) Year ended 31 March 2025 I communicate with those charged with governance regarding, among other mattars, the planned scope and timing of the audit and significant audit finding8, including any significant deficiencies in internal control that l identify during my audit. Use of my report This report is made solely to the charily's members, as a body, in accordance with seclian 144 of the Charit18s Act 2011 and regulations made under section 154 of that Act. My audit work has been undertaken so that I might state to the charity's members those matler5 1 arn required to state to them in an audilols report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's member8 as a body, for my audit worf(, for this report, or for the opinions I hav8 fcmied. Bilal Amln Sanior Statutory Audltors Almas Consulting Ltd TIA Meridian Inslght Accountants & Stalutory Auditors Unit 15A, Slough Business Park 94 Farnham Road Slough Berksh Ire SL13FQ 26 January 2026
Islamic Trust (Maidenhead) stafement of Financial Activities Year ended 31 March 2025 2025 Restricted funds Total funds Total fund8 2024 Unrestricted funds Nots InGom8 and 8ndowmants Donations 370,630 448,105 818,735 711,170 Total Income 370,630 448,105 818,735 711,170 Expenditur6 Expenditure to relieve povety: Charitable payments Gcvernance costs 23,097 23,097 197,946 221,042 29,198 151,054 180,252 197,945 Total exp&ndltu re 197,945 23,097 Net Income 172,685 425,008 597,693 530,918 Transfers b6tw&en fund8 557,270 {557,270) Net movemant In fund8 729,955 (132,262) 597,693 530,918 ReGonclllatlon of funds Total funds brought forward Total funds carrled fonNard 3,323.140 727,649 595,387 4,060,789 4,648,482 3,519,871 4,050,789 4,053,095 The statement cf flnanclal aGtivities includes all gains and losses recognised in tha year, All income and expenditure derive from continuing aclivities. The notes on pages 12 to Errorl Bookmark not defined. fomi part of th•86 flnanclal stateménts. 10
Islamic Trust (Maidenhead) statement of Financial Position 31 March 2025 2025 2024 Note Flxed assets Tangible fixed assets 11 3,084,324 2,461,052 Current assets Debtors Cash at bank and In hand 12 5,140 1,569,883 1,575,023 5,080 1,600,367 1,605,447 Creditors." amounts falling due wlthln one yaar Net current assets 13 10.865 15,710 1,589,737 4,050,789 4,050,789 1,564,158 4,648,482 4,648,4B2 Total ass8t8 loss current Ilabilltie8 Net assets Funds of tho charlty Restricted funds Unrestricted funds 595,387 4,053,095 4,648,482 727,649 3,323,140 4,050,789 Total charity funds 14 These financial 8latement8 were approved by the board of Iru8tee3 and authorised for Issue on 26 January 2026, and 8re signed on behalf of the board by.. mad Abid Bhattl Trustoé Truslee Tho notss on pages 12 to Error! Bookmarf( not defined. form part of these flnanclal siatsments.
Islamic Trust {Maidenhead) Notss to the Financial Statements Year ended 31 March 2025 General information The charity is a public ben8fit entity and a registered charity in England and Wales and is unincorporated. The address of Ihe principal office is The Mosque, Holmanleaze, Maidenhead, SL6 8AW, Berk8hir8. Slatement of compliance Thes8 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 R8porting Standard applicable in the UK and Republic of Ireland {FRS 102) (Charities SORP IFRS 102)) and the Charit18s Act 2011, Accounting pollclas (a) Ba8ls of preparatlon The financial statements hav8 been preparad cn the hlstorical cost basi8, as modified by the revaluation of certain financi81 assets and liabilities and investment properties measured at fair value through income or 6xpandltur6. The financial statements are prepared in sterling, whiGh is the functional currency of the entity. {b) Golng concern There are no material uncertaintieB about the charlty's abillty to contlnue. Ic) Dlsclosure èxemptlons The entity 58tisfies the criteria of being a qualifying entity as defined in FRS 102, As 8uch, advantage has been taken of the following disclosure exemption 8V8ilable under paragraph 1,12 of FRS 102. la) No ca8h flow slatement ha6 been presented for the company. {d) Judgements and key gourco8 of estimatlon uncortalnty The preparation of the financial statement8 requires management to make judg6ment8, e8timat88 and assumptions th8t affect the amounl8 reported. These estimales and judgements are continually reviewed and are based on axperience and other factors, including expectations of future events that are believed to be reasonable under the circumstsnc88. (e) Fund accountlng Unrestricted funds are 8vailable for us8 at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project cr commitment, Restrict&l funds are subjected lo restrictions on their expenditur8 d8clar8d by the donor orthrough Ihe term8 ofan appeal, and fall into one oftwo sub-classes.. restricted income funds or @ndowm8nt funds. 12
Islamic Trust (Maidenhead) Notes to the Financlal Statements (continued) Year ended 31 March 2025 Accountlng policles (contlnuod) (fl Incoming resources All incomlng resources are included in the statement of financial activities when entitlement has passed lo the charity; tt is probable that the economic benefits a8sociated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular c8tegories of income- income from donations or grants is recognised when there is evidence of entitlement to th8 gift, receipt is probable and its Smount can be measured reliably. legacy income is recognised when receipt is probable and entitlement IS 88tabllshed. income from donated goods is measured 81 the fair value of the goods unless this 18 impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities 8nd servic6s are r6cognised in the accounts when received if th8 value can be reliably measured. No amounts are included for the contribution of general volunteer8. income from contracts for the supply of 8ervices is recognised with the delivery of the contracted setvlce. This 18 classified as unrestricted funds unless there 18 8 contr8Ctual raquirement for it to be spent on a particular purpose and returned if unspent, in which case 11 may be r&garded as restricted. (gl Resources expended Expenditur& is recognised on an accru818 basis 88 a liability is incurred. Expenditure include8 any VAT which cannot be fully recovered, 8nd is c188sifi&d under heading8 ofthe 8talem8nt offinancial activities to which il relates: expenditure on raising funds includes the costs of all fundralsing 8Ctivitles, 8v8nt8, non- charitable trading activities, and the Sale of donaled good8. expenditure on charit8b16 activities includ88 all costs incurred by a charity in undertaking activitieB that further its charitable aims for the benefit of its ben8ficiaries, including th08e support costs and costs relating to the governance of the charty apportioned to charitable activities. other 6xp8nditure includes 811 expenditure th8t is naithar related lo raising funds for the charity nor part of its expenditure on charitabl@ activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attribulable to a single activity are allocated directly to that activity, Shared costs are 8PPCrtioned between the activities they contribute to on 8 reasonable, justifiable and consistent basis. (h) Tanglble assets All fixed assets ar6 initially reGord6d at cost.
Islamic Trust (Maidenhead) Notes to-the Financial Ststements (¢ontlnued) Year ended 31 March 2025 {11 Depreciation epreciation is calculated so as to wite off the c08t or valuation of an asset, less it5 residual value, ov@r the useful economic life of that asset as follows.. Building cost 8xcluding land Fixtures, fittings & equipmènt Over 150 years 15 % reducing balanc6 U) Impairment of flxod assets A review for indicators of impaimient is carried OLrt at each reporting date, with the recoverable amount being estimated where such indicators exist. Where lh& carrying value exceed8 the recoverable amount, the asset is impaired accordingly. Prior impairments are also r8Vi@wed for P088ible reversal at 88ch reporting date. For th8 purposes of impairrnent testing, when it 18 not possible to 68timate the r6coverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-gen@rating unil to which the asset balongs. The c8sh-gen8r81ing unit is the smallest identifiable group of assets Ihal includes the assat and generates cash inflows tPiat largely indep6nd8nt of Ihe c88h inflows from other a88ets or groups of assets. For impairment testing of goodwill, the goodwill acquired in 8 business combination 18, from the acquisltion date, allocated to each of the cash-generating units that are expected to b6nefit from the 8ynergie8 of the combination, irrespective of whether other as3et5 or liabilities of the charity ara 8ssign6d to those units. Donatlons and legacles Unr83tricted Fund8 Restricted Total Fund8 Funds 2026 Donations Public general donations Zakat, filrana and appea18 income 370,630 419,908 28,197 448,105 790,638 28,197 818,735 370,630 Unrestricted Funds Re8trict8d Total Funds Funds 2024 Donatlons Public gener81 donations Zakat, fitrana and appeals income 358.425 15,800 374,225 323,551 13,394 338,945 881,978 29,194 711,170 Exp8ndlture on rellova of poverty Restricted Total Funds Funds 2025 Restricted Total Funds Funds 2024 Fitrana and appeals paid out 23,097 23,097 29,198 29,198 14
Islamic Trust (Maidenhead) Notes to th6 Financial Statements {contlnued) Year ended 31 March 2025 Expendlture on charltable actlvltles Support Total funds costs 2025 Total fund 2024 Governance co8ts 197,945 197,945 151,054 Net Income Net income is 81ated after chargingl(crediting): 2025 2024 Depreciation of tangible fixed assels 8,439 9,294 Auditors, remuneration 2025 2024 Fees payable for the audit of the financial ststements 4,800 4,800 staff costs The total staff cost8 and employee beneflts for the reporting perlod are analysed as follows.. 2025 2024 Wages and salaries Social securily costs 25,000 25,000 563 25,563 25,563 The average head count of employee8 during the year was 1 (2024.. 1). No employee received employee benefits of more than £80.000 durlng the y68r (2024.. NII}. 10. Trustee remuneratlon and expenses No remuneration or other ben8fits from employment with the charity cr 8 related entity were r8ceived by the trustee8. 15
Islamlc Trust (Maidenhead) Notes to the Flnancial Statements (contlnuod) Year ended 31 March 2025 11. Tangible fixed assets Land and Fixtures and buildings fittings Total Cost At 1 April 2024 Additions 2,453,923 631,711 91,365 2,545,288 631,711 3,176,999 At 31 March 202S 3,085,634 91,365 Depreclatlon At 1 April 2024 Charge for the year At 31 lJlarch 2025 25,165 3,595 28,760 59,071 4,844 63,915 84,236 8,439 92,675 Catrying amount At 31 March 2026 3,056,874 2,428,758 27,450 3,084,324 2,481,052 At 31 March 2024 32,294 12. Dabtors 2025 2024 Prepayments and accrued income Other debtors 3,450 1,690 5,140 3,390 1,690 5,080 13. Créditors: amounts falling dua withln on& year 2025 2024 Trade creditors Accruals and deferred income Social security and other taxe8 Other cr@ditors 1,777 4.800 979 3,309 10,886 7,952 4,800 109 2,849 15,710 16
Islamic Trust (Maidenhead) Management Informatlon Year ended 31 March 2025 14. Analysis of charltable funds Unrestricted funds At 31 March 20 25 Al 1 April 2024 Income Expenditure Transfers General funds 3,323,140 370,630 (197,945) 557,270 4,053,095 At 31 March 20 24 At 1 April 2023 Income Expenditure Transfers General funds 1,914,239 374,225 (151,054) 1,185,730 3,323,140 Restrfcted fund8 At 3q March 20 25 At 1 April 2024 Income Expenditure Tr8nsfer8 Re8triGted funds 727,649 448,105 123,097) (557,270) 595,387 At 31 March 20 24 At 1 April 2023 Income Expenditur8 Transfer6 Restricted funds 1.605,632 336,945 (29,1981 (1,185,730> 727,649 15. Analysis of net assets between fund8 Unrestricted Funds Restricted Total Funds Funds 2026 Tangible fixed asset8 Current assets Creditor8 les8 than 1 year Net a8sets 3,084,324 979,636 (10,865) 4,053,OS5 3,084,324 1,676,023 (10,865) 4,648,482 595,387 595,387 Unre8trictod Funds Restricted Total Funds Funds 2024 Tangible fixed assets Current assets Creditors18ss than 1 year Net assets 2,461,052 877,798 115,710) 3,323,140 2,461,052 1,605,447 116,710) 4,050,789 727,649 727,649 17
Islamic Trust (Maidenhead) Management Information Year ended 31 March 2025 The following pages do not form part of the financlal statements. 18
Islamic Trust (Maidenhead) Detailed Statement of Financial Activities Year ended 31 March 2025 2025 2024 Income and endowments Donations Public general donations Zakat, frtrana and appeals income 790,538 28,197 818,735 681,97 29,194 711,170 Total Incoma 818,735 711,170 Expendlture Costs of poverty relief Fitrana and appeals paid out 23,097 29,198 Expendlture on Gharltabl& actlvltles Wages and salaries Employer's pension Premise5 Costs Audit f88, consultancy and freelance cost8 Cosls of event8 and actlviti@S General expenses Oeprecistion Bank Interest P8yable and 8imil8r charges Repairs and maintenance Insurance Telephone and IT Printing, postage and stationery 25,000 663 23,552 67,728 57,044 1,524 8,439 978 3,124 7,866 1,128 999 25,000 583 24,087 57,536 22,640 806 9,294 821 1,435 5,e09 969 2,294 151,054 197,945 Total expenditure 221,042 180,252 Net income 597,693 530,918 19