Registered Charity No- 1121050
Registered Company No- 06353941
ISLAMIC FORUM TRUST
(A Company Limited by Guarantee)
REPORTS AND FINANCIAL STATEMENTS
FOR THE 12 MONTHS ENDED 31 MAY 2024
ABACUS PARTNERS {LDN) LLP
CHARTERED CERTIFIED ACCOUNTANTS & STATUTORY AUDITORS
UNIT A, ABB0￿s WHARF
93 STAINSBY ROAD
LONDON E14 &JL

ISLAMIC FORUM TRUST
(A Company Limrted by Guarantee)
Reports & Financial statements
For the 12 months ended 31 May 2024
Directorsrrrustees
Mr Abunur Muslehuddin Faradhi
Mr Abu Bokkor
Mr Khondaker Raziuddin Ahmed
Mr Mohammad Hamid H Azad
(resigned 13.05.23)
Mr Muhammad Nurul Matin Chowdhury {resigned 13.05.23)
Ms. Tahera Arju Islam
(resigned 13.05.23)
Mr Muhammad Ansar Mustaquim
(appointed 13.05.23)
Mr Muhammad Mustaq Ahmed
Mrs Khaleda Begum
Mrs Rowshanara Kabir
{appointed 13.05.23)
Charity Registered No
Company Registered No
1121050
06353941
Principal Office
3rd Floor, LMC Business Wing
3844 Whitechapel Road
London, E11JX
Independent Examiners
Abacus Pathers (Ldn) LLP
Unit A, Abbotts Wharf
93 Stainsby Road
London, E14 6JL
Bank
Al Rayan Bank PLC
PO Box 12461
Birmingham
B16 6AQ
Solicitors
Amanah Solicitors
Tower Bridge Business Centre
4648 East Smithfield
London E1W 1AW

ISLAMIC FORUM TRUST
IA Company Limrted by Guarantee)
Reports & Financial statements
For the 12 months ended 31 May 2024
Contents
Page
Directors'ftrustees, report
Independent Auditor's report
7-11
Statement of Financial Activities
12
Statement of Financial Position
13
Notes to the financial statements
14-20

ISLAMIC FORUM TRUST
(A Company Limrted by Guarantee)
Reports & Financial statements
For the 12 months ended 31 May 2024
Alhamdulillah, we are pleased to present the report of remarkable works. together with financial statements of
Islamic Forum Trust for the period Of1￿ June 2023 to 31* May 2024. Our dedicated trustees and volunteers have
conlinued showing their utmost endeavour and commitments to manage the charity's day to day affairs in line with
IFT'S aims and objectives.
Constitutional information:
Islamic Forum Trust (IFT) is a charitable company limited by guarantee. The charity's objects and regulations are
regulated by the Memorandum and Articles of Association incorporated on 28 August 2007.
Registration number:
Charity Registration No. 1121050
Company Registration No. 06353941.
Governance and Principal Officers:
The charity is organised with a Board of Trust&s elected by the members to oversee the management and day to
day activities. Among the committee members one is selectedlelected as the chairperson to chair the Board
meetings and oversee the management of the charity.
Principal Officers:
Abunur Muslehuddin Faradhi -chairman
Khondaker Razi Ahmed - Secretary
Muhammad Mustaq Ahmed- Treasurer
Principal Objects of the Charity:
To promote the religious education of Muslims and non-muslims in the Islamic faith.
To promote justice and equality amongst all Muslims and non-muslims irrespective of race, culture and other
differences.
To relieve povety and sickness of Muslims either in the UK or abroad.
Performance and Achievements:
Islamic Forum Trust {IFT} continued to provide prayer and educational facilities to the local Muslim community in
London, Birmingham, Bradford, Stoke-on-Trent, Manchester, Oldham, Northwich, and Newcastle at a nominal
charge for the user groups. In retum. the local user groups managed the upkeeping of the buildings and paid for
the utilities. The Trust through its local volunteersluser groups organised open days, Islamic cultural exhibitions,
seminars and interfaith programmes in its centres and mosques.
The Trust continued to facilitste religious and educational training programs for its supporters and well-wishers to
enhance their level of understanding of the Islamic faith and responsibilities to fellow communities in this reporting
period. It supported a range of Islamic and other educational programmes organised in the cenlres throughout the
country which included weekly study cirdes, Quran classes and study dasses on manners and moralities, based
on Islamic teachings, for men, women, youth, and children. It also facilitated parenting sessions to inform and
educate parents on effective parenting from an Islamic perspective, British values and how to safeguard their
children from social ills.
In order to challenge misunderstandings of Islam and Muslims and to strengthen relationships with wider society,
the Trust supported organising of open days and Islamic cultural exhibitions in its ￿ntreS and

ISLAMIC FORUM TRUST
IA Company Limiled by Guarantee)
Reports & Financial statements
For the 12 months ended 31 May 2024
other mosques. The supporters and volunteers of the trust provided fr)od, new ga￿nentS to homeless people,
cleaned their estates, and visited other faith organisations in their locality as part of the 'My Neighbours Project"
which is an annual program of the Trust. This has led lo forming 'Faith Partnership" with local faith organisations,
working together to improve community cohesion.
IFT promoted equality, fairness, and Justi￿ by working with other multi-faith organisations and supported initiatives
to tackle the increase in racismllslamophobia and anti-muslim hatred in the UK.
Public Benefit
The Trust provides religious facilities to Muslim communities and community development and welfare services to
Muslim and wider communities in many parts of the UK at nominal or no cost. The formal education classes for
children and adults are provided by local user groups which are heavily subsidised for the public. The trustees
regularly engage in direct feedback from stakeholders to ensure that it is responding to local needs in the most
efficient and effective way.
Some IFf ￿ntres, facilities are available for hire at discounted rates for local community initiatives, thus creating
greater accessibility for all. The user groups in IFT ￿ntreS respond to wider issues facing the community, and it
provides leadership in addressing issues of community tensions such as Islamophobia, racism, community safety
and education.
Risk Management
The Trustees identify risks associated with the activities of the Trust. The Trustees regularly review the Trust's
position with respect to compliance, safeguarding, financial sustsinability, reputation etc and have appropriately
mitigated any possible risks. Health & Safeguarding policies are always on display for the members and service
users.
Financial Review
At present the Balance Sheet demonstrate to be stronger than before. Income for this pertoj was £310,367 (2023
£184,509) and after expenditure a surplus of £180.738 was made (2023 £68,909 surplus). Having settled the
debts with bank (HSBC) in previous years, the charity seems more in a stable position now.
Reserves Policy
The Board of Trustees have considered a Reserves Policy that allows for 6 months operation without any
donations, to be an indicator of financial strength. They consider the Reserves at yearond to be exceeding this
level. The majority of unrestricted reserves are tied up in assets which may not be immediately realisable, but the
remaining balance of £249k12023: £291KI is suffiaent for operational continuity in accordance with the policy.
Charity Commission Visit
The Board of Trustees has received the report from the voluntarily appointed charity consultant and subsequently
the report has been forwarded to the charity commission as desired.
Following the satisfying outcome of charity commission queries, the board of trustee has formulated a development
plan for future, enabling trustees to perfom their responsibilities more efficiently as an individual and as a team.

ISLAMIC FORUM TRUST
(A Company Limrted by Guarantee)
Reports & Financial statements
For the 12 months ended 31 May 2024
Strategy and plans for future periods
The Trustees have agreed the following plans for the future:
Improve governan￿ at IFT by providing training for the trustees and improving the goveming documents
via an expertlconsultancy for charities.
Improve programme delivery by updating policies and procedures
Develop a 2-year Strategic Plan beginning from June 2024
Continue reviewing and improving the relationship with existing tenants and user groups.
Conduct monitoring visits regularly to IFTS ￿ntreS and mosques in order to ensure transparency and
accountability
Provide proper ￿ntre management training to all centres
Increase support to the poor and needy
Support user groups to improve their ServI￿S delivery and goveman
Trustee's responsibilities
Company and charity law requires the trustees to prepare financial statements for each financial year which gives
a true and fair view of the stste of affairs of the charitable company and of the surplus or deficit of the charitable
company for that period. In preparing those financial statements, the trustees are required to:
1. Select suitable accounting policies and then apply them consistenlly.
2. Make judgments and estimates that are reasonable and prudent.
3. Prepare the financial statements on the going ￿)nCern basis unless it is inappropriate to presume that the
company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at
any lime the financial position of the charitable company and to enable them to ensure that the financial slatements
comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and
hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Independent Audit
An independent audit was carried out by Abacus Partners (Ldn) LLP, Chartered Certified Accountants. The
company is to dispense with the annual appointment of Independent Examiners. In the absence of a specific
resolution to the contrary, Abacus Partners (Ldn) LLP will continue in offi￿.
This report was approved by the trustees meeting on 24th March 2025 and signed on its behalf by the Chair of
the Trust.
Mr Abunur Muslehuddin Faradhi
Directorlchair of Trustees

ISLAMIC FORUM TRUST
(A Company Limited by Guarantee)
Independent Auditor's Report to the Directorsffrustees of The East London Mosque Trust
for the year ended 31 May 2024
inion
We have audited the financial statements of Islamic Forum Trust for the year ended 31st May 2024. which
comprise the statement of financial activities. the Statement of Financial Position. the statement of cash
flows, and the related Notes, including a summary of significant accounting policies. The financial reporting
framework that has been applied in their preparation is applicable law and United Kingdom Accounting
Standards, including Financial Reporting Standard 102. the Financial Reporting Standard applicable in the
UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3
of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the
charitable company s members those matters we are required to state to them in an auditorfs report and for
no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone
other than the charitable company and the charitable company s members as a body, for our audit work, for
this report, or for the opinions we have formed.
Basis for o
inion
We conducted our audit in accordance with International Standards on Auditing (UK) {ISAs (UK)) and
applicable law. Our responsibilities under those standards are further described in the Auditor's
responsibilities for the audit of the financial statements section of our report. We are independent of the
charitable company in accordan￿ with the ethical requirements that are relevant to our audit of the financial
statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical
responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained
is sufficient and appropriate to provide a basis for our opinion.
Conclusions relatin
to
oin
concern
We have concluded that the Trustees, use of the going con￿rn basis of accounting in the preparation of
the financial statements is appropriate.

ISLAMIC FORUM TRUST
(A Company Limited by Guarantee)
Independent Auditor's Report to the Directorsffrustees of The East London Mosque Trust
for the year ended 31 May 2024
Other information
The other information comprises the infomiation included in the trustees. annual report other than the
financial statements and our auditor's report thereon. The trustees are responsible for the other information.
Our opinion on the financial statements does not cover the other infomation and, except to the extent
otherwise explicitly stated in our report, we do not express any fomi of assurance conclusion thereon. In
connection with our audit of the financial statements. our responsibility is to read other information and, in
doing so consider whether the other infornation is materially inconsistent with the financial statements or
our knowledge obtained in the audit or otheThvise appears to be materially misstated. If we identify such
material inconsistencies or apparent material misstatements, we are required to detemiine whether there is
a material misstatement in the financial statements or a material misstatement of the other information. If.
based on the work we have perfomed, we conclude that there is a material misstatement of this other
information. we are required to report that fact.
We have nothing to report in this regard.
inions on other matters
rescribed b the Com
anies Act 2006
In our opinion. based on the work undertaken in the course of the audit:
the infonnation given in the Trustees. report, including the Strategic Report, for the financial year for
which the financial ststements are prepared, is ajnsistent with the financial statements; and
the Trustees Annual Report. including the Strategic Report. has been prepared in accordance with
applicable legal requirements

ISLAMIC FORUM TRUST
(A Company Limited by Guarantee)
Independent Auditor's Report to the Directorsffrustees of The East London Mosque Trust
for the year ended 31 May 2024
Matters on which we are re
uired to re
ort b exce
tion
In the light of our knowledge and understanding of the charitable company and its environment obtained in
the course of the audit, we have not identified material misstatements in the Strategic report and the
Trustees Annual Report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006
requires us to report to you if. in our opinion-
adequate accounting records have not been kept. or returns adequate for our audit have not been
received from branches not visited by us: or
the financial statements are not in agreement with the accounting records and returns., or
certain disclosures of directors, remuneration specified by law are not made. or
we have not received all the infomiation and explanations we require for our audit.
Res
onsibilities of trustees
As explained more fully in the trustees. responsibilities statement, the trustees (who are also the directors
of the charitable company for the purposes of company law) are responsible for the preparation of the
financial statements and for being satisfied that they give a true and fair view. and for such internal control
as the trustees detemiine is necessary to enable Ihe preparation of financial statements that are free from
material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charitable company's
ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using
the going concern basis of accounting unless the trustees either intend to liquidate the charitable company
or to cease operations, or have no realistic alternative but to do so.
Auditor's res
onsibilities for the audit of the financial ststements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are
free from material misstatement, whether due to fraud or error, and to issue an auditor's report that
includes our opinion. Reasonable assurance is a high level of assurance. but is not a guarantee that an
audit conducted in accordance with ISAS (UK) will always delect a material misstatement when it exists.
Misstatements can arise from fraud or error and are considered

ISLAMIC FORUM TRUST
{A Company Limited by Guarantee)
Independent Auditor's Report to the DirectOrs￿rUsteeS of The East London Mosque Trust
for the year ended 31 May 2024
material if, individually or in the aggregate, they could reasonably be expected to Influen￿ the economic
decisions of users taken on the basis of these financial statements.
A further description of our responsibilities for the audit of the financial statements is located on the Financial
Reporting Council's website at: www.frc.or
.ukJauditorsres
onsibilitses. This description forms part of our
auditor's report.
As part of our planning process:
We enquired of management and staff the systems and controls the charity has in place, the
areas of the financial statements that are most sUs￿Ptib1e to the risk of irregularities and fraud,
and whether there were any known instances of suspected or alleged fraud
We obtained an understanding of the various legal and regulatory frameworks under which the
charity operates, and made the necessary enquiries of management to understand if there were
any major areas of non-complian
We considered incentives and opportunities that exist within the charity, including management
bias, to present the potential for irregularities and fraud to be perpetuated. and tailored our risk
assessment accordingly
The key procedures we undertook to detect irregularities and misstatements including fraud. included:
Testing revenue and revenue recognition for evidence of management bias. across all revenue
streams, including within the schools
Verifying the existence and status of investments held by the Trust. as well as making an
assessment of impairment where relevant
Verifying the existence of bank balances
Perfonning a physical verification of key assets, and title to those assets
Reviewing minutes of Trustee meetings, to identify any information that may have not been
reflected in the accounting records
Testing for the existen￿ of related paty transactions
io

Use of our re
ort
This is report is made solely to the charitable company s members as a body, in accordance with Chapter
3 of Part 16 of the Companies Acts 2006. Our audit work has been undertaken so that we might state to the
charitable company's members those matters we are required to state to them in an auditorfs report and for
no other purpose. To the fullest extent permitted by law. we do not accept or assume responsibility to anyone
other than the charitable company and the charitable company's members as body, for our audit work, for
this report, or for the opinion we have formed.
Mr Nur Ahmed Chowdhury (Senior Statutory Auditor)
For and on behalf of Abacus Partners (Ldn) LLP
Statutory Auditor
Unit A. Abbotts Wharf
93 Stainsby Road
London E14 6JL
Date: 24th March 2025
li

ISLAMIC FORUM TRUST
(A Company Limited by Guarantee)
STATEMENT OF FINANCIAL ACTWITIES INCORPORATING INCOME & EXPENDITURE ACCOUNT
FOR THE 12 MONTHS ENDED 31 MAY 2024
Unrestricted
Restricted
Total
Total
Notes
2024
2023
Incomin
Resources
Donations and legacies
131,732
131,732
35,495
Investment Income
178 635
178635
149 014
Total Incoming Resources
310 367
310 367
184 509
Resources Ex
ended
Investment Management Costs
24,242
24,242
37,724
Direct Charitable expenditure
51,939
51,939
39,843
Management and Administralion
Total Resources Expended
129 629
115600
Net income from charity's activities
180.738
180,738
68,909
Gains l {losses) on property Diswsal
Net Movement in Funds
180,738
180,738
68,909
Reconciliation of funds:
Funds as at 1 June 2023
15
4 936 125
4867 216
Funds as at 31 May 2024
5113478
5116863
4936 125
All the activities of the company are from continuing operations.
The notes on pages 14 to 20 form an integral part of these financial statements
12

ISLAMIC FORUM TRUST
(A Company Limited by Guarantee)
STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2024
Total
2024
Total
2023
Notss
Fixed Assets:
Freehold Land and Buildings
Investment Properties
Furniture, fixtures and fittings
1,828,830
3,080,000
1,575,748
3,080,000
4,911,562
4,659,163
Current Assets:
Other debtors
Cash at bank and in hand
10
173,178
62,646
307 251
369,897
257,606
Current Liabilities:
Amount falling due within one year
11
52,305
92,935
Net Current Assets l (Liabilities)
205 301
276 962
Total Assets less Current Liabilities
5,116,863
4,936,125
Creditors:
Amount falling due after one year
Total Net Assets
11
12
Funds of the Chari
Unrestricted
Restricted
13
13
5.113,478
4,932,740
Total Funds as at 31 May 2024
For the year ended 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act
2006 relating to small companies.
Director's responsibilities:
The members have not required the company to obtain an audit of its financial statements for the year in question in
accordance with section 476,. and
The director acknowledges their responsibilities complying with the requirements of the Act with respect to accounting
records and the preparation of financial statements.
These financial statements have been prepared in accordan￿ with the provisic￿S applicable to companies subject lo the small
companies regime, and accordance with FRS 102 The Financial Reporting Stsndard applicable in the UK and Republic of
Ireland,.
There financial statements were approved by the tM)ard of directors and authorised for issue on 24 March 2025, and are signed
on behalf of the board by..
Mr Abunur Muslehuddin Faradhi
Director I Chairman
Mr Muhammad Mustaq Ahrned
Director l Treasurer
The notes on pages 14 to 20 fonn an integral part of these financial statements
13

ISLAMIC FORUM TRUST
(A Company Limited by Guarantee)
Notes to the accounts for the
eriod ended 31 Ma
2024
General information
Islamic Forum Trust {IFT) is a registered charity, and a Company limited by Guarantee, registered in England & Wales. In
the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity.
The address of the registered office is given in the companies tharity inf0miatlc￿ page of these financial slalements.
Statement of compliance
These financial slalemenls have been prepared in Complian￿ wf(h the provisions of SORP 2015 {FRS 102}, seclion 1A,
'The Financial Reporting Standard applicable in the UK and Republic of Ireland,.
Accounting Policies
3.1 Accounting convention:
The financial statements have tEen prepared in accordan￿ with Accounting and Reporting by Charities.. Slalement of
Recommended Practice applicable to Charl￿e5 preparing Iheir accounts in accordance with the Financial Reporting
Standard applicable in the UK and Republic of Ireland IFRS 102) {effective 1 January 20151- {Charities SORP IFRS
102)), the Finanoal Reporbng Standard applicable in the UK and Republic of Ireland IFRS 102) and the Companies Act
2006.
The financial statements are prepared in steding, which is the fvnctional currency of the entity-
3.2 Income recognition:
All incoming resources are included in the Slatement of Financial Activities (SOFA) when the charity is legally entilled to
the income after any performance conditions have been met. the amount can be measured reliably and it is probable that
the income will be ￿CeIved.
Donations and other income are recognised on receipt.
Investment income is eamed through holding propety assets. The rental income is recognised as the charity's right to
re￿1ve payment is established.
GrantslDonations restricted to future accounting period a￿ deferr￿1 and rec(MJnised in those periods.
3.3 Allocation of cost:
Costs are allocated behveen restricted and unrestricted funds in aco)rdance with the resources allocated for the delivery
of the activity they relate to, and the appropriate restricted or unrestricted income elements of those activities. There were
no donor specified restrictions in the year. does not partake in grant making activities.
3.4 Support cost:
Support costs are those functions that assist Ihe work of the charity but are not d1￿ctlY charitable aclivibes. Support costs
include back OfFI￿ costs, finan￿, personnel, payroll and govemance costs which support the Tnjsts prograrnmes and
ackn'vikn'es. These costs have been allocated belween cA)st of raising funds and expenditure on charitable activities.
3.5 Expenditure recognTtion:
All expenditure is accounted for on an accruals basis and has been dassified under headings that aggregate all costs
related to the category. Expenditure is recognised where the￿ is a legal or constructive obligation to make payments lo
third parties, it is probable thal Ihe setdement will be required and the amount of the obligation can be measured ￿lIablY.
3.6 Tangible fixed assets and depreciation:
Fixed assets are capilalised al cost. They are stated in the aCc￿nts at o)st less depreciation.
Depreciation is calculated to write off the cost less the estimated residual value, over assets, expected useful lives on the
following basis:
Fumiture and fittings and equipment
20% on reducing balan
Freehold and long leasehold properties are not depreaated as they are maintained to a high standard,
thus extending their usefvl life.
14

ISLAMIC FORUM TRUST
(A Company Limiled by Guarantee)
Notes to the accounts for the
eriod ended 31 Ma
2024
3.7 Funds:
Unrestricted funds are available for use at the discretion of Ihe trustees in fijtheran￿ of the general objectives of the
charity. They compnse the accumulated surpluses and defiats in IFTS accounts.
Designated funds comprise unreslrided funds that have been set aside by the tnjstees for particular purposes. IFf do
not have designated funds, other than those tied up in fixed assets.
Restricted funds are funds which a￿ to be used in accordan￿ with spectfic restrictions imposed by donors. The cost of
raising and administering such funds are charged against the specific fund. IFT do not currentty have any restricled funds.
3.8 Incoming Resources
The incoming resources and surplus are allributable to the principal activities of the charity-
3.9 Pensions:
The pension costs charged in the financial slalements represent the defined contribution payable by the company during
the year, on the basis of a conslant percentage of pensionable eaming.
Incomin
Resources
Donations and legacies
Unrestricted Restricted
2024
2023
Speaal collection4onalions
Other income
Gift Aid
131,332
400
131,332
400
35,495
131732
131732
Investment Income
Unrestricted Restricted
2024
2023
Rental Income
Profit on Bank Balance
178,600
35
178635
310 367
178.600
35
178 635
310 367
148,999
15
149014
184 509
Total Income
15

ISLAMIC FORUM TRUST
(A Company Limiled by Guarantee)
Notss to the accounts for the
nod ended 31 Ma
2024
Ex
enses Summa
Investment Management Costs
Note
Unrestrided
Restricted
2024
2023
Propety maintenance
Insurance
Legal fees
Salaries, Eerfs NIC and Pensions
10,613
6,096
10,613
6,096
27,124
5,327
14
Direct Charitable Expenditure
Unresltictsd
Restricted
2024
2023
Rent, Rates and Water
Salaries, Eerfs NIC and Pensions
Electricity & Gas
Offi￿ insurance
Cleaning & maintenan
Telephone and intemet
Printing, postage and stationery
Travelling expenses
Subscriptions & sundries
18,034
23,913
5,160
450
2,015
407
500
895
565
18,034
23,913
5,160
450
2,015
407
500
895
565
9,101
24,084
5,264
425
14
250
430
194
96
Management And
Administration
Unreslricted
Funds
Restricted
Funds
2024
Total
2023
Total
a) Support Cost:
Rent, Rates and Water
Salaries, Eerfs NIC and Pensions
Admin support staff
Office insurance
Telephone and intemet
Electncity & Gas
Cleaning & mainlenan
Prinkn'ng, postage and stationery
IT software and consurnables
Bank and Credit Card Charges
Depreciation of fixture, fittings &
equipment
6,011
19,141
6,011
19,141
3,034
2,430
2,853
142
374
1,755
14
150
611
1,720
672
166
150
611
1,720
672
166
143
449
10
683
683
854
b) Governing Cost:
Salaries, Eerfs NIC and Pensions
Legal fees
Audit Fees
Accountancy Fees
BOT meeting expenses
14
19,141
19,141
11,790
2,200
2,400
2,000
753
2,400
2.000
753
2,000
Totsl Expenses
12
12
11
16

ISLAMIC FORUM TRUST
(A Company Limiled by Guarantee)
Notes to the accounts for the
eriod ended 31 Ma
Freehold
Land &
Buildings
2024
Tangible Fixed Assets:
Investment
Property
Fixtures, Fittings
& Equipment
Total
At Cost or valuation 1 June 2023
Addknons
Disposals
FV Gainsl{losses) on Investment Property revaluation
Transfers to Investment property
1,575,748
253,082
3,080,000
63.627 4,719,375
253,082
1828 830
3 080 000
63 627 4 972 457
Depreaation bl￿d.
Dep￿￿ation for the year
Depreciation on disposal
60,212
60,212
683
Net book value at 31 May 2024
Net book value at 31 May 2023
1828 830
74
3 080 000
2732 4911562
The net book value of tangible fixed assets investment comprised of:
2024
2023
Investment
ro
erties..
Compass House, Neville Street
169 Mile End Road
1,200,000
1.880,000
1,200,000
1,880,000
2024
2023
Fair Value reconciliation
Cost of investment Properties
Gains I (losses) on revaluation of Fixed assets
3.080.000
3,080,000
3 080 000
3 080 000
The Trustees have not considered that any fair value adjuslments are required for the period. The investment propety
conb'nued to have the same tenant, and the￿ was no indicalK)n of a decrease in rentsl FK)tential.
17

ISLAMIC FORUM TRUST
(A Company Limited by Guarantee)
Notes to the accounts for the
nod ended 31 Ma
2024
10
Other Debtors .
Loan debtors
Rent and other debtors
Pensions
2024
134,911
38,267
2023
28,646
34,000
173 178
11 Credilors: Amount Falling Due Within One Year
2024
2023
Rent Deposits
MCA subscriptions
Accruals and deferred
income
Payroll, paye and pensions
Private Loans
35,375
11.627
35,375
52,941
4,400
904
2,000
1,419
18

ISLAMIC FORUM TRUST
IA Company Limited by Guarantee)
Notes to the accounts for the period ended 31 May 2024
12 Staff Emoluments:
2024
2023
Total wages and salaries
Employerfs NIC
Employerfs Pension
65,141
52,432
Direct Charitable
Others
23,913
23,913
Avg No of employees.. Admin
Avg No of employees.. Direct
Employees paid in excess of £60.000 during the year
13 Movement in Funds
Unrestricted
Fund
Designaled
Fund
Unrestricted Restricted
Total
Fund
Total
Fund
As at 1 June 2023
291,277
4,641,463
4,932,740
3,385 4,936,125
Current year surplusl(defiat)
180,738
180,738
180,738
Gains I (losses) on revaluation of Fixed assets
Current year transfer
223 097
248 918
223 097
4 864 560
As at 31 May 2024
5113478
3385 5116863
Total funds indude £173,178 {2023.' £62,646) re￿1vable from rental and loan debtors. Approximately £4.86m {2023'.
£4.6m) of designated fvnds are tied up in fixed assets, and creditors. This is reflected in the designation of the addilional
£223k in the year. Free reserves available for Ihe charity's continuing operation are £249k {2023= £291 kl, which is
esbmated to cover over 6 months of operational costs, thus meeting the entity's Reserve policy requirements.
19

ISLAMIC FORUM TRUST
(A Company Limited by Guarantee)
Notes to the accounts for the
eriod ended 31 Ma
2024
14 Control:
The members of the Shoora Council of the Muslim Community Asso(aation IMCA), are also the members of Islamic
Forum Trust. MCA is an incorporated organisalion limited by guarantee with company number13277798.
15 Related Party Transactions
At the year*nd IFT continued lo have a loan balan￿ outstanding with MCA as below:
2024
2023
Name
Muslim Community Association
Details
Subs
16 Trustees, Remuneration:
Tnjstees were not reimbursed any expenses during the period nor any remuneration12023 - £nill.
17 Contingent Liabilities
The charity had no contingent liabilities as at 31 May 2024 or at 31 May 2023.
18 Post Balance Sheet Events
There is no post balance sheet events to reporL
19 Taxation
The entity is a registered charity and is subsequenly entitled to tax exemptions.
20 Gifts In Kind And Volunteers
During the year the charity benefited from unpaid work performed by volunteers.
21 Financial Commitments
The Charity had no capital or other contractual ￿mmItMents as at 31.05.2024.
22 Going concem
The Trustees have taken into account the entitys projections for12 months from the signing of these financial
statements, in confirming their assessment of going o)ncErn. The Trustees believe the Going Concem
presentation is sb'll valid, considering there are no institijtional debt obligations, and the unrestricted
reserves at the time of signing the accounts, can comfortably sustain the organisation for another year, in case
of any unforeseen disruption.
20