Sri Lankan Muslim Community Foundation of Milton Keynes Sri Lankan Muslim Community Foundation of Milton Keynes (Islamic Centre Milton Keynes) Charity Number:.1120439 Annual Report and Unaudited Financial Statements for the Year Ended 31 March 2025
Sri Lankan Muslim Community Foundation of Milton Keynes Index Page Charity information Trustees, Report Statement of Trustees, responsibilities Independent Examinerfs Report io Statement of Financial Activities li Statement of Financial Position 12 Notes to the Financial Statements 13-21
Sri Lankan Muslim Community Foundation of Milton Keynes Reference and administrative information Contact Details and Business Information Contact Address: 21 Fishermead Boulevard Fishermead Milton Keynes Buckinghamshire Milton Keynes MK62AQ Telephone: 0044{0)1908698434 004410)7974151895 004410)7939042907 0044{017518340328 Emails: slmcfmk@hotmail.co.uk Bankers: HSBC Bank PIC 406 Silbury Boulevard Saxon Gate West Milton Keynes Bucks MK9 2ND Independent Examiner Fasahat Khan FCCA 135C The Broadway Southall Middlesex. UBI ILW
Sri Lankan Muslim Community Foundation of Milton Keynes Trustees, Report For the year ended 31 March 2025 Charity Name: Sri Lankan Muslim Community Foundation of Milton Keynes Other Names the charity is known by: Islamic Centre Milton Keynes Registered Charity Number: 1120439 Charitvs principal address: No.21 Fishermead Boulevard Fishermead Milton Keynes MK6 2AQ. Name of the charity trustees who manage the charity Thajudeen Nainthe Lebbe B.Com (Hons) ABE (UK) {Presidentl Shameel Mohamed Aliyar ACMA CGMA, CPA {Secretary) Thajudeen Mohamed Mohideen Mohideen Bawa Mohamed Buhary (Treasurer) Abdul Wahid Abdul Hameed
Sri Lankan Muslim Community Foundation of Milton Keynes Trustees, Report For the year ended 31 March 2025 The Trustees present their report along with the accounts of the Charity for the year ended 31 March 2025. The accounts have been prepared under the historical cost convention, in accordance with the accounting policies set out on page 14 and comply with the Charity's Trust Deed, The Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021" las amended for accounting periods commencing from l January 2016). Structure, Governance and Management The Charity -sri Lankan Muslim Community Foundation of Milton Keynes {SLMCF-MKI is registered by the Charity Commission, number 1120439, registered 3 August 2007. The Trustees keep the skill requirements of the Board of Trustees under review and in the event that a Trustee permanently retires or additional new Trustees are required, a sub committee is set up to make recommendations for appointment5. Trustees are selected by approach to particular good and skilled people. Once agreed, new Trustees are appointed under the constitution, within general meetings. Administration The Charity has governing board of 5 trustees, all of whom are volunteers, and utilises the services of up to 15 volunteers at any one time on a regular basis. Volunteers are crucial to the operation of the charity as all of the trustees are volunteers. Parents and guardians of children using the facility are encouraged to participate as volunteers in any and all aspects of the chariws activities. The charity benefits, as always, from the generous contribution of time and commitment from volunteers who are highly trained to ensure a professional Service is delivered. The trustees wish to expre5S its thanks and appreciation to all members and volunteers, and their friends and family, who have contributed and worked tirelessly, giving their commitment and time in developing and delivering the services to the community. The trustees are also grateful to all the funders/donors, whose generosity ha5 enabled the charity to deliver the core services and specialist projetts. The charity has been supported by grant from the Community Foundation of Milton Keynes to achieve its main and supplementary objects.
Sri Lankan Muslim Community Foundation of Milton Keynes Administration (convdj Trustee meetings are held at least 12 times a year. At these meetings, the Trustees agree the broad strategy and areas of activity of the Charity, including fundraising, use of funds, risk management, and performance. Objectives and activities for the public benefit The Charitable Purposes of the Charity are: To advance the Islamic religion in accordance with the tenants and doctrines of Quran and Hadith, particularly by the provision of a place of worship and facilities for other functions of religious character such as the celebration of rites, ceremonies and festivals and furtherance the aforesaid objects. To relieve financial hardship; To advance education, in particular but not exclusively by providing Islamic, English, Arabic, Mathematics and computer classes. and To provide or assist in the provision of facilities in the interests of social welfare for recreation or other leisure time occupation of individuals who have a need of such facil ities by reason of thei r youth. age infirmity or disability, f inancial hardship or social circumstances with the object of improving their conditions of life. In planning activities for the year, we keep in mind the Charity Commission's guidance on public benefit at our Trustee meetings. Summary of achievements and performance The main achievements of the charity during the year were as follows: Providing prayer facilities for local Muslim to pray and worship daily Leading congregation for FrIdaS prayers. Volunteers from the charity and Local Parish Council support to organise the parking around the facility to avoid disturbance to the neighbourhood every Friday. Islamic education for children Helping the local community in social issues including liaising with local police and Milton Keynes Council5. Regular youth workshop for both male and female covering various topics relevant for them. Established a system for receiving and managing Zakat and Sadaqa donations. Partnered with other registered charities in UK to broaden outreach and impact.
Sri Lankan Muslim Community Foundation of Milton Keynes Summary of achievements and performance {conVd) Organised guided tours and informational sessions for non-muslims to promote understanding and interfaith dialogue. Throughout the year, our insightful seminars challenge common misconceptions about Islam and offer a deeper understanding of its teachings. These engaging sessions actively build bridges with the wider community, fostering dialogue and mutual respect. Our community centre is notjust a place of worship, but also a centre for learning and growth. These activities foster intellectual curiosity, promote understanding of Islamic values, and equip individuals with valuable skills. Whether you're seeking spiritual guidance. academic pursuits, or simply a welcoming community, community centre has something for everyone. Our community centre take5 an active role in upholding law and order within the community. By partnering with the Milton Keynes Council, Police, and other authorities, we implement various programs that address local needs and concerns. We believe that collaboration and engagement are key to building a stronger, more cohesive community. The community centre acts as centre of the community where people can gather and socialise as well learn Islamic education and worship. Congregation are performed five times a day every single day of the year. The attendees of the centre come from various backgrounds, cultures and ethnicities. They are all welcome and everyone is treated equally. The Charity regards safeguarding and safe working practices as the highest priority. Every child has the right to be safe and to be cared for in a way that ensures their safety and individual needs. Robust systems are in place including vetting of all staff and volunteers working with children and vulnerable adults prior to undertaking any work within the organisation. Dharul Ilm- Weekend Madrassa The Dharul ilm weekend Madrassa, known for its excellent Tajweed & Quran teaching, Hifz programmes, and Islamic studies for children aged 5-15 years, has transitioned under the full management of Straight Path Tutoring Ltd. The responsibility for all aspects of Dharul ilm's activities, including student support services and staff development, has been passed entirely to Straight Path Tutoring Ltd. The Madrassa starts from 9.00am till 2.00pm every Saturday and Sunday. A diverse group of 150 children from different age groups study various Islamic subjects under the guidance of 12 qualified Aalims and Aalimas.
Sri Lankan Muslim Community Foundation of Milton Keynes Due to the limited capacity in the community for Madrassa, Straight Path Tutoring Ltd have been advised to hire another venue to accommodate new students. The venue is The Willows School in Fishermead. This will ensure the wellbeing of the students. The Trustees retain oversight to ensure that activities conducted on the Charity's premises remain aligned with the Charit5 purposes and safeguarding policies. No Trustees hold any executive position in the Charity. Financial Review and ReseNes Policy The Board of trustees focused on ensuring that all finances were being handled in a proper manner with the full transparency and ensured that robust financial controls in place. The Charity needs reserves to ensure that it can fulfil and complete the charitable obligations it enters into in respect of each of its three funds. Restricted funds relate to the construction and depreciation of the Islamic Community Centre building in Fishermead, Milton Keynes which are fully expandable in accordance with the conditions laid by the donors and granting organisations to Community Centre. The Trustees regularly monitor the balance on the restricted funds to ensure there will always be sufficient reserves to meet the Charity's commitments to building a Community Centre. The Charity does not hold any permanent or expendable endowment funds. Income in the year was primarily derived from donations and Friday collections. Expenditure related mainly to premises costs (including utilities and maintenance), education activities, and wider community services delivered at the centre. The unrestricted funds are general funds which are fully expandable. The Trustees regularly monitor the balance on unrestricted funds to ensure that there will be always be sufficient reserve to meet the Charit¢s general grant and other commitments. he Charity generated a net surplus of £11,641 during the year, increasing total funds to £1,188,718 as at 31 March 2025, comprising £975.311 restricted funds and £213.406 unrestricted funds. The Charity continues to rely on, manage and monitor term loans kindly made by those interested in the Foundation. Investment Policy In accordance with the CharitWs Deed, The Trustees have the power to invest in such, cash quoted stocks, shares investment property as they see fit.
Sri Lankan Muslim Community Foundation of Milton Keynes Financial Review and ReseNes Policy (cont'd) Financial Controls The Charity has maintained detailed financial procedures for the initiation, administration and control of supported projects. More recently, the Chariws Treasurer has the overall responsibilities of the accounts. Risk Management The trustees identify the major risks to which the charity is exposed each financial year when preparing and updating a strategic plan, particularly those related to the operations and finances of the charity. Our robust framework ensures the continued success of our initiatives, with regular evaluations of financial stability, regulatory compliance, and operational resilience. We actively engage with our members, community and key stakeholders, fostering an environment of open communication where emerging risks are identified and addressed swiftly. In accordance with current best practice, the trustees have continued to regularly review the actual and potential risk which affect the operations and administration of the Charity and are satlsfied with the procedures and other safeguards. Specific alternative that may then be appended include." The charity is open to the usual financial risks of any organisation, and the charity has introduced control to minimise these risks, such as minimum two signatories being required for the payment of £250.00 from the bank and minimum of three signatories being required for the payment above £250.00 from the bank account. In addition, the accounts are regularly explained to members of the charity and are open for members, inspection at any time. Appropriate financial controls are in place, including dual authorisation for bank payments, regular review of financial reports by Trustees, and segregation of duties where possible. Funds held as custodian trustee There are no funds held as custodian trustee.
Sri Lankan Muslim Community Foundation of Milton Keynes Statement of Trustees, Responsibilities Trustees, Responsibilities in Relation to the Financial Statements The Charity Trustees are responsible for preparing a Trustee's Annual Report and Financial Statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requires 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 preparing the financial statements, the Trustees are required to: select suitable accounting policies and then apply them consistently; obsenie the method and principles in the charities SORP; make judgments and estimates that are reasonable and prudent" state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue to operate. The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports} Regulations, and the provisions of the Trust Deed. 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. The Trustees, report has been approved by the Trustees on 23 January 2026 and on their behalf by: Thajudeen Nainthe Lebbe- Signed on 23101/2026 Trustee and Chairperson io
Independent Examiner's Report to the Trustees of Sri Lankan Muslim Community Foundation of Milton Keynes Year ended 31 March 2025 I report to the trustees on my examination of the financial statements of Sri Lankan Muslim Community Foundation of Milton Keynes for the year ended 31 March 2025. Responsibilities and basis of report As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 {'the Act'l. The charity's trustees consider that an audit Is not required for this year under Section 144(2) of the Charities Act 2011 {the 2011 Act) and that an independent examination is needed. It is my responsibility to= examine the accounts under section 145 of the Charities Act 2011; follow the procedures laid down in the general Directions given by the Charity Commission under section 145{5)Ib) of the 2011 Act; and state whether particular matters have come to my attention. Basis of Independent examiner's statement I have completed my examination in accordance with the general directions given by the Charity Commission and in line with our engagement letter. The examination procedure undertaken relies on the accounting records and explanations provided by the trustees on such matters and is not based on all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts presents a 'true and fair, view and the report is limited to those matters set out in the statement below. Independent examiner's statement 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: accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or the financial statements do not accord with those records- or the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports} Regulations 2008 other than any requirement that the accounts give a 'true and fair, view which is not a matter considered as part of an independent examination. I have no concern5 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. Fasahat Khan MFK Accountants Ltd Fellow of Chartered Certified Accountants 135C The Broadway. Southall Middlesex. UBI ILW Dated: 23 January 2026
-12- Sri Lankan Muslim Community Foundation of Milton Keynes Statement of Financial Acitivities Year Ended 31 March 2025 Amounts in GBP 1£) OOO'S 31-Mar-24 31-Mar-25 Restricted Fund5 Unrestricted Fund5 Note5 Total Fund5 Total Funds Income and Endowments Donations and Legacies Other Activities Total Income 120.607 120,607 125,355 120,607 120,607 125,355 Expenditure Expenditure on raising funds: Cost of raising donations and legacies Expenditure on charitable activities Total Expenditure 4.263 70.122 74,384 4,263 103,754 108.016 4,450 95,699 100.149 33,632 33,632 Govemance Cost 950 950 950 Net Incorne and Net Movement in Funds 45,273 -33,632 11,641 24,256 Reconciliation of Funds Total funds brought forward 17 168.134 1.008.943 1.177,077 1.152.822 Total Funds carried fonvard 213.406 975.311 1.188.718 1.177,077 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditvre derive from continuing activities.
-13- Sri Lankan Muslim Cornmunity Foundation of Milton Keynes Statement of Financial Position Year Ended 31 March 2025 Amounts in GBP I£} OOO'S 31-Mar-2025 31-Mar-2024 Note Non-current Assests Tangible fixed assets Leasehold Land I Prepayments 12 13 1.255.327 83,048 1.338.375 1,298,615 83,790 1.382.405 Current A$5ets Debtors Cash at bank and in hand 14 15 2.609 47,780 $0,389 2,609 44,259 46,868 Creditors: falling due within one year Net Current Assets 16 200,046 -149,657 252,196 -205,328 Total Assets less Current Liabilities 1.188.718 1,177,077 Funds of the Charity Restricted funds Unrestricted funds Total Charity funds 975.311 213,406 1,188,718 1,008,943 168,134 1,177,077 17 These financial statements were approved by the trustees and authorised for issue on 23 January 2026 and signed on their behalf by.. Mr. Thajudeen Lebbe Member Mr. Shameel Aliyar Member Mr. Mohideen B M Buhary Member
-14- Sri Lankan Muslim Cornmunity Foundation of Milton Keyne5 Notes to the Finanancial Statements Year Ended 31 March 2025 l General information The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is 21, Fishermead Boulevard. Fishermead. Milton Keyenes. MK6 2AQ 2 Statement of Compliance These 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 Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (Charities SORP IFRS 10211 and the Charities Act 2011. This is a Public Benefit Entity as defined by FRS 102 The Charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin I not to prepare a Statement of Cash Flows. 3 Accounting policies Basis of preparation The financial statements have been prepared on the historical cost basis. as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements are prepared in sterling. which is the functional currency of the entity. Going concem At the time of approving the accounts, the trustees have a reasonable expectation that the tharity has adequate resources to continue in operational existence for the foreseeable future. There are no material uncertainties about the charity's ability to continue. Fund accounting Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal. Incoming resources All incoming resources are included in the statement of financial activities when entitlement has passed to the charity,. it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income.. income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. legacy income is recognised when receipt is probable and entitlement is established. income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably. in which case the value is derived from the cost to the dor)or or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
-15- Sri Lankan Muslim Cornmunity Foundation of Milton Keyne5 Notes to the Finanancial Statements (continued) Year Ended 31 March 2025 Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates- expenditure on raising funds includes the costs of all fundraising activities. events, non-charitable trading activities. and the sale of donated goods. expenditure on charitable artivities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charit other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. Costs are fully analysed within the SOFA, and split between support costs and governance costs. All costs are allocated to expenditure categories refletting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis. Tangible assets All fixed assets are initially recorded at cost. Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset. less its residual value, over the useful economic life of that asset as follows= Building improvements Fixtures & Fittings Equipment straight line basis over 35 years straight line basis over 5 years straight line basis over 5 years Impairment of fixed assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount. the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisltion date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.
-16- Sri Lankan Muslim Community Foundation of Milton Keyne5 Notes to the Finanancial Statements (continued) Year Ended 31 March 2025 Lease of Land For the construction of the building of Islamic Centre Milton Keynes, a 125 year lease of land for 15,000 sqft at Fishermead Boulevard, Fishermead. Milton Keynes, MK6 2LA, was acquired from MK Community Properties Limited, 381 Midsummer Blvd. Milton Keynes, MK9 3HP, on3 September 2013 for an amount of £87,500. The amount was in September 2013. This lease of land in line FRS102 has been recognised as an operating lease and the cost of the lease will be expensed over the remaining lease term on a straight line basis, which seems to be the appropriate systematic basis and is representative of the time pattern of the lessee's benfit from the use of the land. The lease of the land is up to the year 2138. therefore an expense of £ 742 would be recorded each remaining 116 years to the year 2138. At the end of the lease term. the right to buy back the land is not available, however right to extend the lease will be subject to negotiations. Financial instruments A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Financial assets that are measured at cost or amortised cost are reviewed for objertive evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised. Any reversals of impairment are recognised immediately. to the extent that the reversal does not result in a carrying amount of the financial a55et that exceeds what the carrying amount would have been had the impairment not previously been recognised. Taxation The Charity is exempted from taxation on income and capital gain5.
-17- Sri Lankan Muslim Cornmunity Foundation of Milton Keynes Notes to the Finanancial Statements (continued) Year Ended 31 March 2025 4 Donation and Legacies Amounts in GBP I£} OOO'S 31-Mar-2025 31-Mar-2024 Donation and Legacies- Unrestricted funds Donations and collections Subscriptions from Members & Non Members Friday Donations Total Donation and Legacies- Unrestrirted funds 91,646 3.861 25,100 120,607 92,096 5,543 27,716 125,355 Donation and Legacies- Restricted funds Donations - Mosque Construrtion - Restricted Donations & collections- Restricted Funds Friday Donations- Restricted Funds Total Donation and Legacies- Restsirted funds Total Donation and Legacies 120.607 125.355 5 Other Activities 31-Mar-2025 31-Mar-2024 Other Activities- Unrestricted funds Dharul Ilm - Parents Contributions Other Income Grant- Covid 19 Total Other Artivities- Unrestrirted funds Other Activities- Restrirted fvnds Total Other Artivities- Restricted funds Total Other Activities
-18- Sri Lankan Muslim Cornmunity Foundation of Milton Keynes Notes to the Finanancial Statements (continued) Year Ended 31 March 2025 6 Cost of Raising Donantions and Leagacies Amounts in GBP I£} OOO'S 31-Mar-2025 31-Mar-2024 Cost of Raising Donantions and Leagacies- Unrestrirted funds Fund Raising Volunteer's Expenses Fund Raising Expenses Total Cost of Raising Donantions and Leagacies- Unrestricted funds 4.263 4,263 4,450 4,450 Cost of Raising Donantions and Leagacies- Restricted fund5 Donations - other cost Total Cost of Raising Donantions and Leagacies- Restrirted funds Total Cost of Raising Donantions and Leagacies 4.263 4.450 7 Expenditure on Charitable Activities by Fund Type 31-Mar-2025 31-Mar-2024 Expenditure on Charitable Activities by Fund Type- Unrestricted funds Expenditure - Unrestricted Funds Total Expenditure on Charitable Activities by Fund Type- Unrestricted funds 70,122 70.122 62,067 62,067 Expenditure on Charitable Activities by Fund Type- Reslricted funds Expenditure - Restricted Funds Total Expenditure on Charitsble Activities by Fund Type- Restricted funds 33,632 33,632 33,632 33,632 Total Expenditure on Charitsble Artivities by Fund Type 103,754 95,699 8 Govemance Cost 31-Mar-2025 31-Mar-2024 Governance Cost- Unrestricted funds Expenditure - Unrestricted Funds Total Govemance Cost- Unrestrirted funds 950 950 950 950 Total Govemance Cost- Restricted funds Total Govemance Cost 950 950
-19- Sri Lankan Muslim Cornmunity Foundation of Milton Keynes Note5 to the Finanancial Statements (continued) Year Ended 31 March 2025 9 Net Income Amounts in GBP I£} OOO'S 31-Mar-2025 31-Mar-2024 Net Income is stated after charging l (crediting): Depreciation of tangible fixed assets 43,288 43,288 Total Net Income 11.641 24.256 10 Staff Costs 31-Mar-2025 31-Mar-2024 Madrassa Teacher's Payments- SLMCFMK Salary / Wages Madrassa Teacher's Payments 19.200 21,600 Total Staff Costs 19.200 21.600 Average head-count of employees / sub-contractors during the year During the year, no employee received employee benefits of more than £60,CK)O 11 Trustee Rernuneration and Expenses During the year under review. the Charity remained under the control of Trustees and Management Committee members as listed on page l. None ofthe trustee or management committee member were remunerated or paid any expenses.
-20- Sri Lankan Muslim Cornmunity Foundation of Milton Keynes Note5 to the Finanancial Statements (continued) Year Ended 31 March 2025 12 Tangible Fixed Assets Amounts in GBP I£} OOO'S 31-Mar-2025 31-Mar-2024 Buildings- Unrestrirted Cost at the start ot the period Additions / deletions during the period Cost at the end of the period Accumulated Depreciation at the start of the period Depreciation charge for the year Accumulated Depreciation at the end of the period Net carrying amount of Buildings- Unrestricted at the end of the period 337,950 337,950 337,950 48.279 9,656 57.935 280,015 337,950 38,623 9,656 48.279 289,671 Bulldings- Restricted Cost at the start of the period Additions / deletions during the period Cost at the end of the period Accumulated Depreciation at the start of the period Depreciation charge for the year Accumulated Depreciation at the end of the period Net carrying amount of Buildings- Restricted at the end of the period 1,177,103 1,177,103 1,177,103 168,160 33.632 201,792 975.311 1,177,103 134,528 33,632 168,160 1,008,943 Buildings- Total Cost at the start of the period Additions I deletions during the period Cost at the end of the period Accumulated Depreciation at the start of the period Depreciation charge for the year Accumulated Depreciation at the end of the period Net carrying amount of Buildings- Total at the end of the period 1.515.053 1,515,053 1.515.053 216,438 43.288 259,726 1,255,327 1,515.053 173,150 43,288 216,438 1,298,615 Equipment Cost at the start of the period Additions / deletions during the period Cost at the end of the period Accumulated Depreciation at the start of the period Depreciation charge for the year Accumulated Depreciation at the end of the period Net carrying amount of Equipment at the end of the period 5,656 5,656 5,656 5.656 5,656 5,656 gg 5.656 5.656 Total Assets Cost at the start of the period Additions during the period Deletions I disposals during the period Cost at the end of the period Accumulated Depreciation at the start of the period Deletion / Disposals for the year Depreciation charge for the year Accumulated Depreciation at the end of the period Net carrying amount of Total Assets at the end of the period 1,520,709 1,520,709 1,520,709 222.094 1,520,709 178,806 43.288 265,382 1,255,327 43,288 222,094 1,298,615
-21- Sri Lankan Muslim Cornmunity Foundation of Milton Keynes Notes to the Finanancial Statements (continued) Year Ended 31 March 2025 13 Leasehold Land I Prepayments Amounts in GBP I£} OOO'S 31-Mar-2025 31-Mar-2024 Leasehold Land Cost at the start of the period Additions / deletions during the period Cost at the end of the period Lease Payment Expensed l Amortised at the start of the period Lease Payment Expensed / Amortised in the year Total Lease Payments Expensed at the end of the period Net carrying amount of Leasehold Land at the end of the period 87,500 87,500 87,500 3.710 742 4.452 83.048 87,500 2,968 742 3,710 83.790 14 Debtors 31-Mar-2025 31-Mar-2024 Other Debtors 2,609 2,609 15 Cash & Cash Equivalents 31-Mar-2025 31-Mar-2024 Cash and cash equivalents comprise of the following: Cash in hand Cash at Bank Bank overdrafts 553 47,228 426 43,834 Total Cash & Cash Equivalents at the end of the period 47,780 44,259 16 Creditors: amounts falling due with in one year 31-Mar-2025 31-Mar-2024 Ceditors falling due with in a year comprise of the following: Bank loans, loans and overdrafts Short-term Loan from Community Other creditors 200,046 252,196 Total Creditors: amounts falling due with in one year at the end of the period 200,046 252,196
-22- Sri Lankan Muslim Cornmunity Foundation of Milton Keynes Notes to the Finanancial Statements (continued) Year Ended 31 March 2025 17 Analysis of Charitable Funds Amounts in GBP I£} OOO'S 31-Mar-2025 31-Mar-2024 General Charitable funds- Unrestricted At the start of the period Income during the period Expenditure during the period Others Total General Charitable funds- Unrestricted at the end of the period 168,134 120,607 -75,334 110,246 125,355 -67,467 213,406 168,134 Restricted Funds At the start of the period Income during the period Expenditure during the period Gains & Ilossesl Total Restricted Funds at the end of the period 1.008.943 1,042,575 -33.632 -33,632 975,311 1,008,943 Total Funds at the end of the period 1,188,718 1,177,077 18 Analysis of Net Assets Between Funds 31-Mar-2025 31-Mar-2024 Net Assets- Unrestricted Tangible Fixed Assets Leasehold Land / Prepayments Net Current Assets Total Net Assets- Unrestricted at the end of the period 280,016 83,048 -149,657 213.407 289,672 83,790 -205,328 168,134 Net Assets - Restricted Tangible Fixed Assets Leasehold Land / Prepayments Current Fixed Assets Total Net Assets- Restricted at the end of the period 975,311 1,008,943 975,311 1,008,943 Total Net Assets Tangible Fixed Assets Leasehold Land / Prepayments Current Fixed A55ets 1.255.327 83,048 -149.657 1,298,615 83,790 -205.328 Total Net Assets at the end of the period 1,188,718 1,177,077 19 Related parties During the year the Charity was under the control of Trustees and Management Committee members as listed on page l. None of the trustee or management committee member were remunerated or paid any expenses. However, they used the facilities offered by the Charity for performance of their religious duties like other members of the Muslim community.
-23- Sri Lankan Muslim Community Foundation of Milton Keynes Management Information Year Ended 31 March 2025 The following pages do not form part of the financial stataments
-24- Sri Lankan Muslim Community Foundation of Milton Keynes Management Information Year Ended 31 March 2025 Income and Endowrnents Amounts in G8P I£} OOO'S 31-Mar-2025 31-Mar-2024 Donation and Legacies Donations & collections Donations - Mosque Construction - Restricted Donations & collections- Restricted Funds Subscriptions- Members & Non Members Friday Donations Friday Donations- Restricted Funds Total Donation and Legacies 91.646 92,096 3.861 25,100 5,543 27,716 120,607 125,355 Other Artivities Dharul Ilm - Parents Contributions Other Income Grant- Covid 19 Total Other Activities Total Income 120,607 125,355
-2& Sri Lankan Muslim Community Foundation of Milton Keynes Management Information Year Ended 31 March 2025 Amounts in G8P I£} OOO'S 31-Mar-2025 31-Mar-2024 Expenditure Costs of raising donations and legacies Fund Raising Volunteer's Expenses Fund Raising Expenses Donations / Expenses- Restricted funds 4,263 4,450 4.263 4,450 Expenditure on tharitable activities Website Events / Festivals & Others Printing, postage & stationery Imam's Payments Friday Expenses Telephone Legal Fees Repair & Maintenance Light & Heat Water Rates Insurance Cleaning Expenses Funeral Payments Madrassa Teacher's Payments- SLMCFMK Madrassa Teacher'5 Payments Madrassa Other Expenses Land Lease Expenses Depreciation - Equipment Depreciation - Building - Unrestricted Travel Expenses & Subsistence Bank Charges Other Expenses Covid Grant- lob Retention Scheme {CJRSI 4,725 3,774 8,900 5,370 683 416 1,892 12,796 750 15,565 1.500 2,173 1.271 6,403 19,200 21,600 742 742 9,656 4,180 194 9,656 70.122 33,632 103.754 62.067 33,632 95.699 Depreciation - Building- Restricted Govemance Cost Professional & Examination Fees Others 950 950 950 950 Total expenditure 108,966 101,099 Net income 11,641 24,256 Cash & Cash Equivalents 31-Mar-2025 31-Mar-2024 Cash and cash equivalents comprise of the following: Cash in hand 553 426 Cash at Bank SLMCFMKAccount 2,158 1.988
Islamic Centre Account 45,070 41,846 47.228 43,834 Bank overdrafts Total Cash & Cash Equivalents at the end of the period 47.780 44,259