Room 8, 11 Winchester Circle Kingston Milton Keynes MK10 0BA Email: info@mkis.org Web: www.mkis.org
Milton Keynes Islamic Society
Milton Keynes Islamic Society
Report and Accounts for the year ended 31 August 2024
Registered Charity Number: 1077040
Milton Keynes Islamic Society Registered Charity No. 1077040
Report of the Trustees
The Trustees present their Report and Accounts for the year ended 31 August 2024.
Name and registration
The full name of the charity is Milton Keynes Islamic Society (hereinafter known as the “Society”). The charity was registered with the Charity Commission on 6th August 1989. The registration number is 1077040.
Aims and objectives
The Society aims to develop the cultural, social and religious life of the local Muslim community by promoting education, training and social life where Islamic values, practices and manners are encouraged.
The School of Islamic Studies (“SIS”) is the first stone of the Society. The mission of the SIS lies within the context of the Society’s mission, which is:
“To provide a stimulating Islamic educational environment of high quality that helps the children develop an Islamic identity and a sense of belonging to the Muslim community.”
Activities
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➢ Educational activities include:
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developing effective syllabuses and guidelines for the different programmes taught at the SIS,
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• providing a wide range of activities for children such as academic lessons in Arabic and Islamic Studies, a sports’ day and Ramadan competitions,
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providing useful books, literature and periodicals for members of the Society,
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organising educational visits for children and their families,
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arranging educational seminars, lectures and exhibitions
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organise and carry out Islamic Talks/seminars
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All educational activities are mainly based at Southwood School in Bryony Close Conniburrow.
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Appoint SIS school Management (2 years term) and oversee its activities
➢ Social activities include:
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organising social gatherings to strengthen the relationship between members of the community through fund raising activities
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organising Eid parties.
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Conducting Nikah ceremonies & Islamic funerals
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All activities are carried out through hired premises.
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➢ Administration
The hire charges are agreed with the Southwood School on a yearly basis based on weekly hire.
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Milton Keynes Islamic Society Registered Charity No. 1077040
Report of the Trustees (continued)
Trustees
The following people acted as Trustees during the year:
Mr Wahid Ali Mr Hamid El-Ghazili Mr Farhan Rais Mr Zafar Mirza
No Trustee had any interest in the charity.
There have been no serious incidents to report under the Charity Commission guidelines.
Registered address
The registered address of the charity for correspondence is:
Room 8, 11 Winchester Circle Kingston Milton Keynes MK10 0BA
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Milton Keynes Islamic Society Registered Charity No. 1077040
Report of the Trustees (continued)
Statement of Trustees' Responsibilities
The Trustees are responsible for preparing accounts each financial year which give a true and fair view of the state of affairs of the charity and of the income and expenditure of the charity for the year. In preparing those financial statements, the Trustees are required to:
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select suitable accounting policies and then apply them consistently;
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make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
By Order of the Board of Trustees
Mr Wahid Ali Chairman of the Board of Trustees
Mr Farhan Rais
General Secretary
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Milton Keynes Islamic Society Registered Charity No. 1077040
Statement of Financial Activities For the year ended 31 August 2024
| Incoming resources Donations UK Charities Donations Outgoing Expenses Rent Stationery & educational material Advertising and promotional costs Public liability insurance Depreciation Eid/Ramadan/Sports celebrations Telephone and internet Travelling Software costs Bank Charges Total resources expended Net incoming resources for the year Fund balances brought forward Fund balances carried forward |
Year ended 31 August 2024 35,418 (3,176) 8,585 8,530 0 212 1,421 3,291 (46) 6,800 669 12 29,474 2,768 130,577 133,345 |
Year ended 31 August 2023 24,057 (2,265) 9,594 1,970 370 196 0 4,792 56 3,765 1,770 0 22,514 (721) 131,298 130,577 |
|---|---|---|
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Milton Keynes Islamic Society Registered Charity No. 1077040
Balance Sheet As at 31 August 2024
| Balance Sheet Note Fixed assets Tangible Fixed assets 2 Current assets Debtors 3 Bank 4 Cash In hand Current liabilities Accruals 5 Net current assets Net assets |
31-Aug-24 2,841 138,826 323 (8,645) 130,504 133,345 |
31-Aug-23 0 134,449 323 (4,195) |
||
|---|---|---|---|---|
| 130,577 | ||||
| 130,577 |
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Milton Keynes Islamic Society Registered Charity No. 1077040
Notes to the Accounts For the year ended 31 August 2024
1. Accounting policies
a. Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, the Statement of Recommended Practice on the Accounting by Charities and the Charities Act 2011.
b. Basis of consolidation
These accounts include the results of the Milton Keynes Islamic Society – Centre (“the Centre”) and the School of Islamic Studies.
c. Income
All income is accounted for when it is received.
d. Expenditure
All expenditure is accounted for when it is paid.
e. Fixed assets
Fixed assets are stated at cost, net of depreciation and any provision for impairment. Depreciation is provided on all fixed assets at rates calculated to write off the cost, less its estimated residual value, over its useful economic life, as follows:
Computer and teaching equipment 33% reducing balance
2. Tangible fixed assets
| (£) | |
|---|---|
| Net book value as at 31 August 2024 | 4,261 |
| Depreciation charge for the year | (1,420) |
| Net book value as at 31 August 2024 | 2,841 |
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Milton Keynes Islamic Society Registered Charity No. 1077040
Notes to the Accounts (continued) For the year ended 31 August 2024
| 3. | Debtors | 2024 | 2023 | |
|---|---|---|---|---|
| (£) (£) | (£) (£) | (£) (£) | (£) (£) | (£) (£) |
| School fees | - - |
- | ||
| 4. | Bank | 2024 | 2023 | |
| (£) (£) | (£) (£) | (£) (£) | (£) (£) | |
| MKIS | 136,367 | 133,805 | 133,805 | |
| Centre | 2,459 | 643 | 643 | |
| Cash | 323 323 | 323 323 | 323 323 | |
| 5. | Accruals |
£8,645 for the year ended 31[st] August 2024 (relating to new enrolments deposits for academic year 2024 2025)
6. Trustees and other related party transactions
Stationery and educational resources
7. Commitments
The Society did not have any material commitments not provided for in these accounts at 31 August 2024 (2023: none).
8. Guarantees
The Society did not give any guarantees to third parties that could be called on at 31 August 2024(2023: none).
9. Security
The Society has not been granted any loans that are secured on any of its assets.
The accounts on pages 4 to 7 were approved by the Trustees on 10[th] June 2025 and signed on their behalf by:
W Ali, Trustee
F Rais, Trustee
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Milton Keynes Islamic Society Registered Charity No. 1077040
Independent examiner’s report to the trustees of Milton Keynes Islamic Society
Charity law requires charities with a gross income of more than £25,000 to have some form of external scrutiny of their accounts. This thresholds is subject to change from time to time as the regulations made under the 2011 Act are updated.
Milton Keynes Islamic Society’s income for the year ending 31.08.2024 was £35,418 and falls in the category requiring independent examination.
Independent examiner’s statement
I report to the trustees on my examination of the accounts of the Milton Keynes Islamic Society (the Trust) for the year ended 31 August 2024.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept
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the accounts do not accord with those records.
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3.the format of the accounts is incorrect.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Signed:
Name: Tarique Reza
Relevant professional qualification or membership of professional bodies (if any): CIMA/AICPA
Address: 44, LOWLANDS RD, LONDON HA5 1TU
Date: 26.06.2025
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