Charity registration number.. 1038679 AL-JAMIATUL ISLAMIYAH DARUL ULOOM LANCASHIRE UK Annual Report artd Finan¢ial St3t¢menTS for th¢ Y¢ar End¢d 30.4pTiI 2025 Riaz.4hmad & Co Limited Chartered Ccrtified Acwuntartts Lord Hou5¢ 51 Lord Streei Manchester
AL-JAMIATUL ISLAMIYAH DARUL ULOOM LANCASHIRE UK Contents (¢ontinued) Refence and Administrative Dethils Trustees. Report 2to3 Staiemtt2t of Trustees, k¢sponsibiliti¢s Independent Auditors, Retx)rt Sto7 Siatemeni of Fin3nciai A¢uvities BaJan¢e Sheet Notes to the Firtanci Stat¢menis IOto20
AJAM1ATUL ISLAMJYAH DARUL ULOOM LAIICASHIRE UK Reference and Administratii'e Detail$ Trnstees MT Mohammed Musa Mr Ahmed .411 Adam Patel Mr Abdul Rehman Yurt Ghandiali Mr lphamMed Hanif Patel Mr Iqbal Patel Mr Mohamed Saied Maljee Mr Zubair Musa Mr Avub Zumla Mr Ilyas.Molvi 1038679 Charity Registration Number Principal OffJ¢t Willow5 Lane Bolton BL3 4HF Audiior Riaz Ahmad & Co Limited Chartered Certified Accountan15 Lord House 51 Lord Street Man¢h¢*er M3 IHE Page I
ALUAMIATUL ISLAMIYAH DARiiL ULOOM LANCASHIRE UK Trustees, Report The trustees present the annual r¢port together with thc fina11 statements artd audilor5' report of th¢ ¢harity for the ended 30 April 2025. Objectives And #etivities Public benef The charitv n$ the Al Jamiah Al 151amiyah. an inoependent Mu51irn boardirtg $¢hi)ol which is registered the D¢partmeni for Edu¢3tion and Ski115 and is subject io compliance insP¢rtions by OFSTED. e provise faith based educaiiort for I l years old artd over. The edu¢atEort follow5 and cotnplie5 WithNationai Currirulum. Tht trustees ¢onfirni that they have complied with the requir¢mertts ofs¢ction L7 ofthe Chariiies Act 2011 to have due regard to the pyblir benefit guidanc¢ published by the Charity Commission for England and Wales. Structiire governance attd mAnageiii¢nt .P+alure ofgovertting dotuftievi Th¢ Chxrity. is ¢onsiiiut¢d under a TnLS1 Deed an unincorpoTaied ctsmpany and 1$ r¢gstered with the Charity Commission. It j5 8overned by its ¢oThsiiilliion and rule5 and re8ulation5 of the Charity Commission {sorpl. FiDaDcial instTumeDts Objertll' andpolici Th¢ charity's aCtJ%'ities expose it th a number of fLnan¢iaJ risks including Credit risk cash flow risk and liquidity rÉsk. I'he use of finailcial derivatsves ] governed b), the charity's policies approved by the board of trltsiees. which provide written principles on th¢ use of fllwJci31 derivatives to manage thes¢ risks. The chariry does IJOL use derivativ¢ fJnwJ¢ial in$tnJments for speculative purp05¢S. Coshjlow rtsk The charity's tiVItIeS expose it prImarily to the financial risks of changes in foreign currency exchange rale5 and interest rdtes. The charity uses foreign exchange forward contra¢ts aad interr5l rate swap (ontrarts to h¢dg¢ these e.xposures. Intere51 bcaring asset$ and liabilities are held at fixed rate to ensure certainty tsf ¢ash t10. Credit risk The charity's principal fiDan¢i?l assets are bznk bala¢$ and cash. trade snd other receivables, and inv¢sttnents. The chaTSty'5 credit risk is primarily attributsble to its trade Teceivables. Th¢ amounts prtsent¢d in the balan¢¢ $heet are net of allowan¢es lor doubtful receivables. An allowanc¢ for impairment 15 Thade wthere ihcr¢ i5 an identified loss eveni which, based on previous experience. 15 evid¢nce of 2 r¢du¢iiort irt the recoverability of the Gash flow5. The credit risk on liquid funds and d¢Fsvative fjnancial instrutnen15 &$ limited becaus¢ the counterparties are bank5 with high cr¢dit-ratirt8S &8signed by intern74tioJal ¢redii-rating agertcies. The Charity has no si8nificant coocentration of credit risk. wtth exp05UTe spread over a 18t8e numb¢r of counterpanie5 and cu51omeTS. Pag¢ 2
ALJAMIATUL ISLAMIYAH DARUL ULOOM LANCASHIRE UK Tru5t¢¢$' Report (continued) LiqtsidiEJ' risk In order 10 maintain liquidiry to ensure that sutYi¢ient funds are al'ailable for ongoing operations and fvture development5. the charity uses a mixttve of long.t¢mi and short-t¢mi debt fmance. Further details rcgarding liquidity risk can be found in thc Statement of accounting poli¢ses in the financial sthtrments. Di5tlosure of infonngtioD to *uditor Ea¢h tsijstee taken st¢ps that they ought to hav¢ takeft as a trusl¢¢ in order to make themsel't$ aware of any relevani audit infomialion and ro establish that the charity's auditor is of that inforrnation. The irusi¢es Confirm ihat thue is no relevant inforniation that they know of8nd of which ih¢y know the auditor is un3Wate. The annual report was approv the sru5tees of ihe charity on 17 July 2026 and sign¢d on it5 btbalf by.. IT Ahmed Ali Adam Patel Trustee Page 3
AL-JAMIATUL ISLAMIYAH DARUL UL001 LANCASHIRE UK Statement of Tru5tees' Responsibilities The trusiees ar¢ responsible for preparing the trustees. repon and the financial staternents in accordance the nited Kingdom Ac¢ouDting SLandards (United Kingdom Generally Aec¢pted A¢¢ountin8 Practice) and applicable law and Kgulaiions. The law applicable to ch8rities requires the trustees to prepare financial statements for ea¢h finanrjal year Mhi¢h giv¢ 2 In and fair view of the stsie of affairs of th¢ charity and of the incomjng r¢sourc¢s and application of resources of the ¢harity' for that period. In preparing these financial sr2t¢ments, the trn5tees are required to-. 5¢1¢ct suitable accountsng polieies and then apply them con515tently' obsejwe the rnethods and principle5 in the Charities SORP: rnake judgements and ¢stimates that ar¢ r¢asonablc and prudertt. State whether applicable accounting standards have b¢¢n followed, subject to any nlateriai deparrures disclosed and explained in the finanrial ststements., and prepare th¢ financial 5wements on the going Concern b1$ unless it L5 itlappropriate to presume tbat the clwity will continue in busitt¢ss. The truste¢s are responsibl¢ for keeping proper accounting records thar disclose with reasonable accurac>' ar any lime th¢ finaJLcial position of the rharity and enable them to ensure thai the financial 5thremen15 comply w2th th¢ Charsti¢s Art 201 I, the CharLties l-4cEounts and R¢port51 Regulation$ 2008, #nd th¢ provisions of th¢ ¢onstitutiort. The trustees aT¢ a150 r¢sponsible for safeguarding the assets of the charit>. and hence for takin8 re&sonable Steps for the preventiort and dtheciion of frgud and other irre8ulariiies. The trus¢$ arc responsible for the maintenance and inie8Tity of thc corporatr and financial information irt¢luded on the charitable compan) 5 websiic. t£Rislaiion governing the preparation and dissemination of finan¢ial ststrments m8y differ from legisl10 in oiher jUTi5dictions. Approv¢d bj the Ite¢S of the chariry on 17 July 2026 and signed on its Ixbalf by.. •J:A f Mr Ahmed A51 Adam Patel Trusic¢ Pag¢ 4
ALJAMIATUL ISLAMIYAH DARUL ULOOM LANCASHIRE UK IDdependent Auditor's Report to the Members of AL-JAMIATUL ISLAMIY AH DARUL ULOOM LANCASHIRE UK Opinion I"'e have atjditcd the financial staternents of AL-JLMIATU'L ISLAMIY AH D.4RL'L ULOOM LkNCASHTRE UK (the 'charity'l for the year ended 30 April 2025. wthich ctsmprise the Stat¢Jn¢nt of Fi1Cial Activities, Balance Sheei, and Not¢5 to th¢ Financial Statements, including a STIMM of significant 8¢cow)ting polici¢5. The firtan¢i81 reporting framework that has been applied in their preparation is United Kingdom Accounting Standard5, comprising Ch8ritl¢5 SORP - FRS 102 'The Fsnancial Reporting Standard applicable in th¢ LTK and R¢publi¢ of IT¢land' and appli¢able law (L'nited Kin8dom Generally Accep*d Accounting PwTicel. In our opinion the financial statements.. give a true and fair vie. of th¢ state of the charity's affairs a5 at 30 April 2025 and of its incomin8 resources arml application of resources. including its incorn¢ and expenditure. for the yeaT then ended. have been properly prepared it2 accordan¢¢ with United Ktngdom Generally Accepted Ac¢ountlll8 Practice.. and have been prepared in accordance wth Ihe Tcquiremenis of the ChaTSti¢s A¢1 2011. B¥sis for opioion 'e ¢ondu¢ted our audit In accordance with International Stsndards on .4udiiing ILIKI {ISAs IUKII and &pplicabS¢ law. Our Tesponsibilities under th05¢ Standards are further dcscribed in the auditor Te$ponsibilitie5 for the audit of the financial stsiements section of our report. We are independent of the rharity in accordCe 1th the ethical rcquiTem¢n15 that are rclevani to our audit of th¢ financial 5tatem¢ots in the L1K, includins the FRC'S Ethical Standard. and e have fulftlled our oth¢T ethical responsibilitie5 in accordanc¢ with these requirements. We believc that the audit evidence we haN'¢ obtained is sutTicieDt and appropria to prowde a basis for our opinion. Conclustons relwting to goipg ¢tsncern In auditing th¢ fancial statements. we have ¢ODcluded that the trustees use of the going concern ba5i5 of x¢ountin8 in thc prepardtion of the flnancial statements is appmpriale. ed on the w)Ik we have performed. we have noi identified an). materia] uncenainii¢s T¢laiing to cv¢nis or condit50ns thai. individually or collectively. may cast significani doubt on the charity's abiliry io Continue as a going coneern for a period of at Itast N'elve months from when the original fiThanc1 sratements were authorised for Issue. Our responsibilities and the re5ponsÉbiliiies of th¢ Trustees with respect to going concern are d¢5¢ribed in the relev8Trr se¢tions of thi5 report. Othtr in10rnlIo The trletS responsible for the other fftfoTmaii0o. The other snforniaiion tompris¢s the irtfomtion included in thc anrtval report. other than the financial ststements and our auditor's report thereon. Our opiniort on the financial STatements does not cover the otheT infornJ&iion and, exc¢pt to the ¢xt¢nl Otherwis¢ ¢xplicitly stst¢d in our report, wc do noi expres5 any forrn of assuranr¢ concl410 thereon. In conn¢ction with OUT 74udit of th¢ financial 5taf¢m¢nts, our r¢5ponsibility is to read rhe other infomiaiioD and. in doing 50, consider eth¢T the other infomiation 15 Inateriall>' incortsisicnt with th¢ financial 5tatemenis or our knowledge obiained in the audit or otherwise appears to be Materi1> misstated. If we identify. Such maierial Inconsistencies or appar¢nt material misstatements. we are required to deterniin¢ wheth¢T there is a material mi5sthtrmertt in the finan¢ial stat¢menr5 or a maierial mis51at¢Tnent of th¢ other information. If. based on the work we have perforned. we conclude that there is 8 material misswem¢ni of this other information. we are requir¢d report that faci. Page 5
AL-JAMIATUL ISLAMIYAH DARUL ULOOM LANCASHIRE UK Independellt Auditor's Report to the Members of AL-JAMIATUL ISLAMIYAH DARUL ULOOM LANCASHIRE UK (contiDu¢d) We have nothing to report in this regard. Igiters OD which we 4re required tts report by ex¢eptAo In th¢ light of our knowledge artd understanding of the chariry and its environment obrai#ed in the coutse of the audit. we have not identified material missiatemcnts in the Trustees. Report 11.'e haN'¢ nothing to report In respect of th¢ following matters where the Charities (Accounts and Rewrtl Regulations 2008 requires us to report io you tf. in our opittion". adequate 3¢couniitLg records have not been kept. or retun adequate for our audit have not bttn received from bran¢he5 not V15jted by us: or the flnancial staiem¢nts are noi in 8ceMent with the accounting record5 and returns: or certain disclosures of tTUStees remuneration specified by law are not made.. or we have not received all th¢ information and explanaiions we require forour alhdit. RespoD5ibilities of tru5tee5 explained more fully the sleMent of Tn]stees' R¢5pon5ibilitie5 15ei out on pa8e 41. the trnstees are responsible for the prepardtion of ihe finan¢ial statement5 and for being ll$fi¢d that they give a faiT Vlew, and for such internal Control as the trUSe5 detemiine is necessary to enable the preparation of fanCial statements Ihat are free from material tnisslatement, whether due to fraod or error. In preparing the financial statements. th¢ tte¢S are responsible for assessing the charity's ability to continu¢ as a 801ng eoncern. disE105ing, as applicable. tnatters related to going wnc¢rn and using the goitjg ¢oncem basjs of ccollnting unless the twsteey either intend to liquidate the charity or to cease operations. or have no realistic zliernattvc bui io do so. Auditor RespoDsibRlitits for the xudit of the fiD#ncial sistements Our objectives are io obtain r¢a50nabl¢ asswan¢e about wheth¢r Ihe financial statemcnts a5 a whol¢ are free from material misststemenL whethcr duc to fraud OT error, and io issue an auditor's report that includes our opinion. Rtawnable assurance 15 a high level of assurance. but is not a gu2ta#iee that an audit conducted in 3¢¢tsrdance ISAS ILKI m'ill always detect a nut¢riai msSStstemeTht when it exists. Misstatements cart arise from fraud or ¢Tror and are considered material if. individually or in the agggate. they could Te&%onably be expecied to Énfluence the economic decision$ of users taken on the basis of these financial 5tat¢m¢ots. The extertt to which our procedures are capable of d¢t¢cting Irre8ulaTitJe5, including fraud is d¢t8iled below. Although we properly planned andperfornied an aL%dit in a¢Eordance with audiiing standard5. owing to the Inhellt limit74tion5 of 35) 3udiL the i5 unavoidable risk tha( we may not hav¢ d¢tected some material mi55t8temeots in the fan¢ siaiements. A furthcr d¢%ripuon of our responsIbilities is available on the Financial Reporting Coun¢LI's website ai: www.frc.org.uklauditOT5f¢5pon5ibiliti¢s. This descripuon forns part of ollr auditor's report. PaBe 6
AL-JAMIATUL ISLAMIYAH DARUL ULOOM LANCASHIRE UK IDdependellt Auditor's Report to the Memben of AL-JAMIATLL ISLAMIY AH DARUL ULOOM LANCASHIRE UK (continued) SE of our report Thi5 report is made solely to the charity tnL8t¢e5. as 2 body. in x¢ordance section 144 of the Charities Aa 2011 and regulations made under sertion 154 of that Act. Our audit work has been undertaken so that e might state to Ihe tnJsLees those matters wt required state ¢0 tnJ51¢es irt an audirors, rEpon and for no other purpose. To the Sjllest extent pernJitt¢d by Ixw, we do not at or assume respx)nsibility' to anyone other than ihe charity #nd its tn]5tees as a body. for our audit work. r thLS report. or for the opinions we have fornied. iknaz Ahmad FCCA (Senior Ststutory Auditorl For and on behalf of Riaz Ahmad & Co Limited. Statutory Audi¢or Lord House 5 1 Lord Streel Man¢hester M3 IHE 17 July 2026 Riaz Ahmad & Co Limited is eligible for app)in(ment a$ audiror of th¢ ¢harity by virtue of its eligibiliry for appoiniment as auditor of a ¢ompany urmlcr section 1212 of the C4)mpanies Act 2006. Page 7
AL-JAMIATUL ISLAMIYAH DARUL ULOOM LANCASHIRE UK Statement of Financial Activities for tbe Year Ended 30 April 2025 UDre5tricted fuDd5 Totsl 2025 Note Incorne gnd Endowments from: Donation5 and legacies Other income 65.580 137,947 65,580 137,947 Total income 203.527 203.527 Expenditure on: Charitable a¢iivstits 1290,4011 1290.4011 Total ¢xp¢nditure 1290,4011 1290,4011 Net exp¢Thditure 186,874 186.8741 Net moi'emeni in filnds {86,8741 186,8741 Recoo¢iiiAtiott of funds Total fwids bTOU8hr forward Toial fund5 carTi¢d forwtrd 5.293.340 5.293.?40 16 5.206.466 5.206,466 Total 2024 Llnre5tricted fud9 Intome aDd ElldowrneDts from- Donations and legacies Other income 49.116 134,495 49,116 134,495 Total income 18i,611 183,611 Exptndtture on. Charitable activities 1576,557 1576.5571 Total expendiwre 1576.5571 1576.5571 Net ¢xpendirure 1392.9461 1392.946) Net moyement in fund5 (392.9461 (392,9461 R¢oonrili¥tion of fund5 Tot fund5 brought fon¥ard 5.686.286 5,686,286 Toial fimds ¢arTied forward 16 5.29),i40 5,293,i40 .411 of the charity'5 actLVlttes derive from continuillg oper*sons dLtrLng the above two period5. The funds breakdo for 2024 is shown in note 16. The notes on pag¢$ 10 to 20 fortn an irttegttl part of these firsal¥l siaicments. Page 8
ALJAMIATUL ISLAMIY AH DARUL ULOOM LANCASHIRE UK (R¢gistratioD ttumber: 1038679) Balance Sheet as at 30 April 202S 2025 2024 Fixed gssets Tangible assets Investment5 3.1 ?9.570 2.052,439 i.193.438 2.04?.439 12 5.182.009 5.245.877 Current /$5ets Debtors Cash at batkk and in hand 13 14 8,620 49,112 45,758 45.758 57.932 Cr¢ditors: .4mounts falling due Ivitbin one year 121,iOII 110.4691 Net current a$5Èts 24.457 47.463 Net 955ets 5.206.466 5.293.i40 FndS of the charity: UDrestricted IDeom¢ fwids L1Dstricted funds 5,206.466 5,293,340 Totsl funds 16 5.206.466 5,29J.)40 The fthartCi81 statement5 on pages 8 w 20 were apProEd by the trustee5. and a¥thtsrised for iS$LLe on 17 July 2026 nd Signed on their behalf b).: Ir Ahmed Ali Adam Patel Trustee Th¢ notes on pages l O ts) 20 forn) an iniegrnl part of these finan¢ial stsiem¢nts. P4e9
ALAm1ATUL ISLAMIYAH DARUL ULOOM LANCASHIRE UK Notes to the Financial Statements for the Year Ended 30 April 2025 I A¢couDting polleie5 Statement of eotypliante The fitsancial statem¢nts have b¢en prepared in a¢cordon¢¢ th¢ second edltion of the Charities Siaiemenl of Recomm¢nd¢d Practice issued in Iktober 2019. the Financial R¢p)rtin8 Standard applicable in the United Kingdom and RepublÉ¢ of treland (FRS 1021 and the Cbariti¢S Act 2011. Basi5 of prepar¥tion .41.-JLMtA TLL ISLAMIYAH DARUL ULOOM LANCASHtRE UK meets th¢ deflniiion of a public beftefLt entity under FRS 102. The accounts lfinancial stai¢mentsl have been prepared under the historical cost convcntion with items re¢osni5cd a( cosi or transaction value unless otherwise slated in the relevant rtote{sl to these accounts. Going eODcerD The tle¢S ¢oHsidtr that there are no material un¢¢rtatnii¢s aboui the Charity's ability to Continue as a going Concern. Income and endowrntnts Voluntary incom¢ including donations, 8tfts. legacies and grants that provide ¢or¢ fijnding or are of a gen¢ral natt Ès recognis¢d when the eharity has eniitlemeni to the in¢om¢, Ét is probable that the in¢ome will be re¢eived aDd the 2mollnt Can be measured Mith suffjcient reliability. Donalion5 ondlegoci Dona(ions and leoa¢ies are recognised on a receivable basis whett arceipt is probable and the amount Can be reliably measured. Expenditllre All ¢xp¢nditure is recogni5ed once there is a legal or n5cTIVe obligation to that expenditure. tt is probable 5enlemeni is required and the amouni can be measured reliably. All costs are allocated to the appli¢3ble expenditure headin8 that a88re8ate similar ¢osts to thai ¢ai¢gory. Where costs cannor be directly attributed to particular headings they ILav¢ b¢¢n allocated on a basis consistent wryth th¢ use of r¢sour¢¢s. 7th ¢¢ntrai stsff costs ailocaied on ihe basis of time spent. and depre¢iation ¢h3r8es allocated on th¢ portion of th¢ a$5¢t-s use. Other support costs are allo¢ated b&s¢d on the $pread of staff costs. Governanet eosts These include the costs attributsble to the charity's compliance with ¢on5tiwiional Bnd staiuiory requirements, includin8 audiL Stree management and trustee5 meetings and reirnbur5ed exp¢n5es. 10
AL-JknMIATUL ISLAMIY AH DARUL ULOOM LANCASHIRE UK Notes to the Financial Statements for tbe Year Ended 30 April 2025 (continued) TY4X¥tlon The chariry is considered to pas5 the tests set out in Paragraph I Schedule 6 of the Finance Aci 2010 and th¢rtfore it meets the definition of & Charitsble company foT L.K corporntion tax purposes. Accordingly, the charity. 15 Potentially exempt from raxation in respect of in¢ome or capital 88ins received within categories covered b>. Chapter 3 Part I I of the Corporation Tax Art 20 10 OT Section 256 of the T2xation of Charg¢ablc Gains Act 1992, to the e(ent that such incom¢ or 8ains are applied exclu5Lvely to charitable purpos¢s. Tangible fixed ssets Individual fixed assets Cosling £0.00 or more are initially recorded al Cost. le55 EXV subsequent accumulated depreciation and subsequent a¢eumulated impaimieni losses. DepreciiiioD and gznortisstion Depre¢iauon is provided 00 rangible fLxed &85cts SO 05 to Wriie off the cosr or valuotioN less any estimated residual valu¢, over their expected SeIl economic lifc as folloms.. lttvestment prtsperties Invesmi¢Dt properry 15 carried at fair valll¢. dersved from the current market pri¢es for comparable real esiate dctemined annually by external Yalu¢rs. The valuers use observable market prices. adjusted if neeessary for any differeoce in the Thature, lo¢ation or ¢ondiuon of the specifLC asset. Changes in fair valu¢ are T¢CO8nisd in profit or loss. Trgde debtors TTade debrors are amounts due from customer5 for merchandise sold or services perfonned in the ordinary ¢our5e of bustness. Tr¢ debtor5 are recognised initially at lh¢ transaction price. Thw are 5ubsequenily measured ai amortistd W5E usin8 the ¢ffeciive interest method. less provision for impairnertt. A provision for the impaiment of irade d¢biors is estsbli5h¢d whet2 there is objective evidenc¢ thai the charity will not b¢ able to colle¢t ail amow115 due according to (h¢ original iern$ of the rtt¢ivables. Cash and $kn equiv4lents Cash and cash equivalents comprise cash on hand and call deposits. and OEher short-ierm highly liquid investments that are readily ¢onveniblc to a known amount of cash and are subjeci io an insignificant risk of ¢hangc in valu¢. Pagell
AL-JAMIATUL ISLAMtYAH DARUL ULOOM LANCASHIRE UK Notes to the Financial Statements for the Ye¥r EDded 30 April 2025 (continued) Borrowings Inierest-bearitL8 borrowings are initiallv recorded at fair value, Det of transaction costs. Rnierest-be2ring borrowings are subsequ¢DIIs" ¢arTted ai amorti$¢d ¢os¢, wsth the difference between the proceeds. net of rransaction costs, and the amount due on redemprion being re¢ognssed as a chaTge ro the Stalemeni of Financial Activities over the period of the releydnt borrowing. Interest expense 15 recognlsed ott the basi$ of the effective iD¢rest method and is inrluded irt interest payable and similaT charges. Borrown85 are classified as curr1 liabilities unless the ctwity has an unconditiottal Tight to d¢f¢r settlement of the liabiliTV for al le&si Nelve months after The reporting date. Fund structure Lnrestricted in¢ome fiJnd$ Mre g¢neral funds that are t4v8ilable for us¢ ar the trustees dIScli0n in furtherance of th¢ obje¢tiv¢s of the ¢harity. Clossificuiio FitJan¢i31 assets and financial liabilities are r¢cogni5¢d whet% the charity become5 a parry to the eontracwal provTSTOrt8 of the instrument. Fin2rtcial liabilities 2nd equity instmments Sre classified according to the substance of the Contracal arrang¢m¢ntg ¢otered into. An equitv in5tnmeni 15 any conirnct that eYidenc¢s a residual ini¢rest ¢n the Assets of the charitv aft¢1 deducting all of its liabilitie5. ReLognilion metssuremeni All fin30cial assets and Iiabilit5es are Initially measured at trnnsa¢rion price {including transaciiort costs). excepT for Ihose financial assets ¢13ssifJ¢d as at fair value through profit or loss, which are iniiially TneasoTed ai fair value (which is nomaiS} the tr$¢tiOn prite excluding ipansaction cosisl. uniegs the arrdngetntni collsiiillies a fLn8neing Iransaaion. If an arraDgement constslutes a fuwxcing iransaclion, the FuLanc581 asset or financi liability is measurcd at the PTeseni value of th¢ tt¢ pa)In¢nts di5wunted at a market rdt¢ of inier¢si for a similar debt instrumenL Financial &%sets and liabilitLes ¥e only offsd the statement offinJn¢ial position when. and only when there exists a l¢gally enforceable righi to set off the r¢cogni5ed atnounts and th¢ Charit). iiitertds eith¢r io s¢ttl¢ on a nei basi5, or EO realise the asset and s¢ttle the liability simult3neouslv. FinaJaI sets are der¢¢ognis¢d when and onlv wben al the ¢ontractuaJ ri8tLts to the ctth tlows from the fÉthanciaJ assei ¢xpir¢ or ar¢ settled. bl the rharity transfers io another party sub5tsmii1Y all of the risks and reward5 of othmership of th¢ financial &sset. or cl the Gharity. despiie having rerained some. bui tt all, SirICant risks and reM'ard5 of OlerSlp, has transferred control of the Se1 io ath)ther parry. Financial liabilities or¢ der¢col$ed onl). the obligation speeified in the contract is discharged. cAncelled or ¢xpir¢s. Pa8¢ 12
ALJAMIATUL ISLAMIYAH DARUL ULOOM LANCASHIRE UK Notes to the Financial Statements for the Year Ended 30 April 2025 (Continued) Debt tnstrmments Debi instruments which rn¢¢i the following condilions are subsequently measured * amortised c05t using the effective inieresi method.. lal The contractual retwn to the holder is lil a fixed amouni. (ill a posiiive fixed rate or a posiiive variable rai¢. or liiil a combination of a positiv¢ or a negative fixed rait and a posiiive %'ariable rdic. Ibl The contract may provid¢ for repayments of the prin¢sp or the rettn to the holder Ibyt no¢ both) to be linked to a single Telcvant ob$eTrable index of general priee inflation of th¢ cwrency irt which the debt it15trument is d¢nottJinaied. provided such links are nor leveraged. (¢1 The contract inay provide for a detemiDable variation of the return io tbe holdcr during the life ofthe instrumertl provided that {il the rate 5atl5fJc5 Condition (al and the variation is not coniingeni on futwe ¢vcnts other than (I I a change of a contractual variabl¢ rate," 121 to prote¢t the holder againsL credit detettoraiion of the i5suer', {31 changes in l¢vies applied by a central baD& or arising from chang¢s irt relevant tsxjtion or law- or (ill the n¢w Tale is a market ¢ of int¢re$i and satisfies condition (al. (dl There 15 contra¢tua] provision that ¢ould, by its t¢rms. rc5uIi itt the holder losin8 ihc pr¥ncipal amount or any interest attributable to ihe ¢urrent period or prior periods. {cl Contra¢wal provisions that p¢miii the issuer io prepay a debi instrumeni or perniit the hold¢T 10 Pui it back to ihc issuer before maturlty are not contingent on future events. other than to proicri the holder 2gainst the credit dereriorniion of the issuer or a ¢hange in Gontrol of the issuer. or to PToieci the holder OT issuer againsi ehanges in levies applied by a ctntrai baok or arising fiY)m chang¢s in releyant taxatiotl or law. ID Contractual provisions may pemil the ¢enSiOn of th¢ tern of the dcbl in5trllment. PrOded thai the return to th¢ holder and any other eonira¢ttJal provisions appli¢able during the extended iemi satlsfy th¢ conditions of paraaPhS la} to (¢1. Debt instrument5 that are Classified a5 payable or rc¢¢ivable withirt one )'¢ar on initi recognition and which rne¢l th¢ above conditions are measured at the undiscounted amouni of the cash or other consideration expe¢t¢d to bt paid or received. net of impairm¢Dt. With th¢ exception of some hedging in5trumenis. other debi instruments DOI Meing these condition5 are mca5ur¢d ai fair value through profit or loss. Committnertts io make and re¢¢ive 108n5 wlkieh meet the conditÉons m¢ntioned above are measurcd at cost (which be tEiII less impainnenl. Inycsttnertts in non.convertibl¢ preference shares and non-puttable Ordinary or preference 5haT¢S Iwh¢T¢ shares are pllblicly traded or their fair value is r¢118bly rneasurdbl¢l are tn¢asured at fair value through profit or loss. Where fair valu¢ catmot be m¢asur¢d reliably. investm¢nts are measured a¢ Cost less irnpaim)eni. Investrn¢tits in subsidiaries and a550ciaies ar¢ measured ai Gost l¢ss impairnient. For invesm?ents in subsidiaTi¢S acquired for consideration including the issu¢ of 5har¢s qualify'Jn8 for merger relief. cost is mcllred by reference to the nominal valu¢ of the shares issued plus fair valye of oiher ¢onsideration. Ans premlum is igtX)TCd. Page 13
AL-JAIIIATUL ISLAMIYAH DARUL ULOOM LANCASHIRE UK otes to the Fillancial Statements for the Year Ended 30 April 2025 (continued) Derivolivefirtanciul inFrrnmenis The charity uses derivariv¢ financial in5trumeThis redyce exposure to foreign exchange risk and interesi Me movements. The charIty does noi hold or issue derivative rSn¢1a1 instruments for 5p¢culative purposes. Derivaiivc5 arc initially re¢ognised at fair value at the date a d¢rivativ¢ ¢ontraci is entered into and are subsequentlv remeasured its th¢ir fair value at each reporting dale. The resulting gasn or loss Is recognised in stat¢m¢nl of financial actiltIeS immediately unless the derivative is designated and cffective a hedgin8 instrument. in whi¢h event the timin8 of the recognition In staiement of fujanciai activities depends on the Dature of th¢ hedge relationship. Fair v4lueffteasuremenr The best ¢vidence of fair value 15 3 quored pric¢ for art id¢ni1¢ asset in an adiv¢ tnarket. When quotcd prices are unavailabl¢, the price of a recent transaction for an identical &ssei provides eviden¢¢ of fair value as long as there h85 noi been a signifieani chang¢ in ¢¢onoinic circumstsnce5 or a signifLcani lapse of titt)e sKnce the transaciioll I(k place. If the market is Not 4ctive and recent tran$2Ctions of an identz¢ai asset on their own are rtot 71 good esiimale of fair valuc. the fair value is ¢5tLmated by using a waluaiion Le¢hniqu¢. 2 Income frnm donstioths •nd It#a£its Unr¢5tri¢ted funds General Total funds Donations and le2Acieg'. Donatso2Js from individuals 65,580 65,580 Totki for 2025 65,580 65.580 TotAI for 2024 49,116 49,116 3 Other ltteothe Unre5triet¢d fun(ts Gentr41 Tot41 rund5 Rental income 137.947 137,947 Tut#l for 2025 137.947 137.947 Total for 2024 126,373 126,373 Pag¢ 14
ALJAMIATUL ISLAMIYAH DARUL ULOOMI LANCASHIRE UK Notes to the Financial Statements for the Year Ended 30 April 2025 {cotttinued) 4 EJp¢nditure on charitable sctivities UDre5tTlCted funds Geo¢ril Total funds Governance costs 290,401 290,401 Tot1 for 2024 576,557 576,557 Tot41 esptndiiure 5 Aulysts of governaDce and support eosts Goverllance c05t5 Utsrestricttd fuvds Gtneral Total futsds Staff ¢osts Wages and salaries Other staff cost$ Audit fee5 Audit of the fllMrt¢ial st4tem¢rtts Other fees paid to auditors Le8al fees Depreciation, amortisation and oth¢r similar wsts Other governonce costs 47,900 8,915 47.900 8.915 2,000 4,800 8.772 63.868 154.146 2.000 4,8IM ,772 6i,868 154.146 Tot21 for 2025 290,401 ?90,401 Totsl for 2024 576.557 576.557 6 Net incominglovtgoing resources tel Qulgoing resouTces for the year include.. Pa8e 15
AL-JAMIATUL IsLAlYAH DARUL ULOOM LANCASHIRE UK l%ote5 to the FiDaneial Statement$ for tbe Year Ended 30 April 2025 {eontinued) 2025 2024 Audit fees Depreciation of fixed assets 2,000 63.868 2.000 317.53 1 7 Trustees remuneratioD And expeDSes 8 Staff costs The aggregate pa)Toll costs were follows: 2025 2024 Staff costs during th¢ Yr were: ages and salaries Other staff ¢osts 47.900 8,915 83,523 83.523 N'o employee rtteived emoluments of more thatt £60.000 duritjg the y¢ar Page 16
ALAATUL ISLAMIYAH DARLI, ULOOM LANCASHIRE L'K otes to the FinaDcial Statetnents for the Year Ended 30 April 2025 (Contlllued) 9 Auditors, remvnerxtio 10 TxgtiOD The charity i5 3 resisted charity and is thereforc exempt from taxatLOn. I l Tnglble Axed assets Land and buildxtsgs Toial Cost At l Ma>. 2024 4,017.136 4,Q17.136 -4t 30 April 2025 4.017.136 4.017.li6 Depreti&tLOIi At l Maj 2024 chge for the )'ear At 30 April 2025 823.698 63,868 823.698 63,868 887.566 887.566 Net book value AI JO April 2025 At 30 April 2024 3.129,570 i,129,570 3.193.4i8 3.19i.438 12 Fixed asset investments 2025 2024 Investment properties 2.052.439 2,052,439 Pa8e 17
AL-JAMIATUL ISLAMIYAH DARUL ULOOM LANCASHIRE UK Note5 to the Finall¢ial Statements for the Year Ellded 30 April 2025 (coulinued) lllvestment propertles InvestmeDt properties Co$t or Valuatioo At l May 2024 2,052.439 Provision -4t 30.4pril 2025 iyet book vlut At 30 April 2025 2.052.439 -4t 30.4pril 2024 The has been no valuion of investment property by an ind¢p¢nd¢nt valuer. 2.057.4J9 13 Debtorj 202S 2024 Other debtors .620 14 C4$h rash equivkllt$ 2025 2024 Cash on hatMI Cash ai bank 10,912 34,846 49.312 45,758 49.312 15 Creditorg: nxouDLS filling due withiD one year 2025 1024 Other i&tion and so¢ial security VAT 8rani repayable Other ¢r¢ditor5 Aceruajs 409 6.734 7.358 6.800 2.074 1,094 7,301 21.iol 10.469 Page 18
ALJAMIATUL ISLAMtYAH DARUL ULOOM LANCASHIRE UK Note5 to the Financial Statements for the Year Ended 30 April 2025 (continued) 16 Funds Bglance t I 2024 Incoming re50urce$ Re$ources ¢xp¢nded Bal#n¢¢ 41 JO April 2025 Unrestricted funth General 5,293.340 203,527 1290,401 5.206,466 Baljllce at I May 2023 Incomillg r¢50Urte8 ReSoUt5 expended Balance at 30 April 2024 Unrestricted fuDd8 G¢n¢rHJ 5,686.286 183,611 576,5571 5.293,i40 17 Anglysis of llet •ss¢ts b¢e¢ll ffwds Unres¢ri¢t¢d fwids GeTher¥l Total funds •t 30 April 2025 Tan8ible fjxed assets Fixed asset investments Current assets Current liabilities -1.129.570 2.052.439 45,758 21,iOII 3.129.570 2,052,439 45.758 Total net a55ets 5,206,466 fj,?06,466 UThrestrKtted lund5 Gener1 TotAi funds llt 30 Apr¥l 2024 Tangiblc fjxed assets Fixcd Asset invesiments Curreni assets Currcnt liabilities 3.193.438 2,052.439 57.932 110,4691 3.193,438 2,052.439 57.932 110,4691 Totaj n¢t assets 5,293,340 5.293.340 P4se 19
AL-JAMIATUL ISLAMIYAH DARUL LTLOOM LANCASHIRE UK Notes to the Financial Statements for the Year Ended 30 April 2025 {¢ODtinued) 18 ADalysls of net fuods At 30 April 2025 At l May 2024 Cash at bank and in hand 49.312 49.312 Net debt 49,312 49.312 -4t 30 April 2024 At l May 2023 Cash ai bank and in hand 21.119 21.119 Net debt 21.119 19 RelAt¢d pArty transactions Pag¢ 20
AL-JAMIATUL ISLAMIY AH DARUL ULOOM LANCASHIRE UK Stgtement of Financi21 A¢tiTr ities bv fund for the Year Ended 30 April 2025 Tot#1 Total L.nre5tricted Unrestricted Fund5 Funits 2025 2024 Income and Endowmetsts from: Donations and Ic8aCieS Other in¢om¢ 65.530 137,947 49.116 134.495 Tota5 income 203.527 Exp¢Dditure oa: Charitabl¢ a¢iiviti¢s 1290,40I} 1576,5571 Totaj expenditure 1290.4011 1576.5571 Net expendityre 186,874 1592,9461 N¢t mov¢meDi in fi]nds 186.8741 (392.9461 R¢eou¢ili•tlOD of funds Total fund5 broughi fotward 5.?93,340 5.686.286 T¢xal fiulds carried forward 5.206,466 5.293,340 This page dtres noi form pan of the staiutOFV finanGial statements. Pa8e21
ALJAMIATUL ISLAMIYAH DARUL ULOOM LANCASHIRE UK Detailed Statement of Finallcial Activities for the Year Ended 30 April 2025 Tot41 2r125 Total 2024 In¢ome Endowment5 from= Donattons aDd legacies lanaly5ed below) Other income12A41ys¢d below) Total income 65,580 137,947 49.116 134,495 203,527 Expendittsrr ou: ChariLabl¢ actiwiries {3nalys¢d below) Tothl expenditUTe Nei expenditllre Net movement fithds 1290,4011 1576,5571 290,4011 1576.5571 86,874 392,9461 186.8741 {i92.9461 Retonckliation of futtds Total funds brought fonwd 5.293.340 5.686.286 Total fitnds carried foTh¥ard 5.206.466 5.293.i40 This page does noi forni pan of ihc statutory financial statements. Pag¢ 22
ALAm1ATUL ISLAMIYAH DARLL ULOOM LANCASHIRE UK Detailed Statement of Fillattcial Aclivities for the Ye8r Ended 30 April 2025 (continued) Total 2025 Tot81 2024 Donalion5 andlegacies Appeals and donatLons 49.116 65.580 49.116 Oiher income Rental income Other income 137.947 126.373 8,122 137.947 134,495 Charitable aclivities Wages and SarLeS Staff training Staff welfare Rates Water re5 Light, heat and power Insurance Repairs and ren¢wals Cleaning expenses Telephone and fax Books & Resources Computer softwar¢ and mairttenance costs Printing. posiage artd stationery Trdde 5ubs¢riptions Sundry expenses Health & Safety. Acrountso¢y fees The audit of the charitys artnual aceounts Consulting SolicitOT5 f¢¢5 Bank charges Bank inieresl payabl¢ Op¢raiing lease interest Depreciation of freehold property (47.9001 (5.9i81 {2,9771 124.0101 17,4961 154.7961 126.0371 117.89)) 111,4001 2.1941 183,5231 146.8371 140,1401 122,6751 11641 19.6591 18901 19381 (2801 18.0391 14.5081 (7.6001 (2,0001 14.8001 12,0001 18.7721 120.1891 13601 14.1081 163,8681 1317.5311 1290,401 1576,5571 This p*8¢ doe5 fLOt fom) part of the stytutory financial $ements. PABe 2.1