## **EAST LONDON MOSQUE TRUST**
(A Company Limited by Guarantee)
Company Number: 00468317 ● Charity Registration Number: 1122613
## TRUSTEES’ ANNUAL REPORT, STRATEGIC REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
## **ABACUS PARTNERS (LDN) LLP**
CHARTERED CERTIFIED ACCOUNTANTS & STATUTORY AUDITORS UNIT A, ABBOTTS WHARF, 93 STAINSBY ROAD, LONDON E14 6JL
|**CONTENTS**||
|---|---|
|Contents|2|
|Corporate Details|3|
|**Trustees’ Annual Report**|**4**|
|Objects and Public Benefit|4|
|Activities|4|
|**Strategic Report**|**5**|
|Achievements and Performance|5|
|Financial Review|11|
|**Structure, Governance and Management**|**13**|
|Statement of Trustees’ Responsibilities|13|
|**Independent Auditor’s Report**|**15**|
|**Consolidated Statement of Financial Activity**|**19**|
|**Consolidated Statement of Financial Position**|**20**|
|**Consolidated Statement of Cash Flows**|**21**|
|**Notes to the Financial Statement**|**22**|
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## **CORPORATE DETAILS**
**Registered Name** East London Mosque Trust **Working Names** East London Mosque & London Muslim Centre **Company Number** 00468317 **Charity Number** 1122613 **Trustees (Directors)** Abdul-Hayee Murshad – _Chairman_ Harun Rashid Khan – _Vice Chairman_ Sirajul Islam (Hira) – _Honorary Secretary_ Syed Tohel Ahmed – _Treasurer_ Abdullah Faliq Hassan Kausar Ahmed Ibrahim Ian Thompson Mahera Ruby Mohammed Abdul Malik Rahela Choudhury Salma Siddiqua **Chief Executive Officer** Junaid Ahmed **Registered Office** 82–92 Whitechapel Road, London, E1 1JQ **Website** www.eastlondonmosque.org.uk **Statutory Auditors** Abacus Partners (Ldn) LLP, Unit A, Abbotts Wharf, 93 Stainsby Road, London, E14 6JL **Main Bankers** HSBC, 1-3 Bishopsgate, London EC2N 3AQ Al Rayan Bank, 24A Calthorpe Road, Birmingham B15 1RP Barclays Bank Plc, Leicester LE87 2BB **Solicitors** Lee Bolton Monier-Williams Solicitors, 1 The Sanctuary, London SW1P 3JT
Lee Bolton Monier-Williams Solicitors, 1 The Sanctuary, London SW1P 3JT
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## **TRUSTEES’ ANNUAL REPORT**
## **OBJECTS AND PUBLIC BENEFIT**
The objects of the East London Mosque Trust (‘Trust’, ‘ELMT’ or ‘ELM’), as set out in its Articles of Association, are to:
1. advance the Islamic faith for the benefit of the public by maintaining and managing a community centre and mosque in London;
2. advance education and to provide facilities in the interests of social welfare for recreation and leisure-time occupation with the object of improving the conditions of life for the general public, and in particular the Muslim community, and;
3. promote such other charitable purposes as may from time to time be determined.
In pursuance of these objects, the Trust hosts a range of services and activities for the benefit of the public.
## **ACTIVITIES**
Over the past year the Trust has widened its community role while maintaining a strong focus on worship, education, outreach and welfare. The mosque remained a busy, welcoming centre seven days a week, with Friday congregations drawing almost 10,000 worshippers and a steady flow of attendees for daily prayers. Friday sermons continued in English and Bangla and is delivered by resident and guest Imams on themes such as social justice, personal responsibility and community cohesion.
Accessibility remains a priority. We provide British Sign Language (BSL) interpretation during Friday prayers and on Eid. Our digital platforms further extend the Mosque’s reach beyond the buildings, offering prayer times, live and archived broadcasts, and a wide range of learning resources to the community.
Charitable activity remained central to mosque life. The Trust regularly hosted external collections for UK-registered charities alongside its own fundraising campaigns. Over the year, the Trust facilitated religious services including Islamic marriage ceremonies, declaration of Islamic faith, and vaccination clinics. The Refugee Community Hub also continued to provide vital assistance to families and individuals, reflecting our commitment to supporting those most in need.
Education remained a priority. Our two schools, Al-Mizan Primary School and London East Academy (LEA), reported strong progress and positive Ofsted feedback.
Community engagement remained active, including participation in the national Visit My Mosque initiative, which welcomed visitors from diverse backgrounds for exhibitions, children’s learning activities and environmental displays, such as the live beehive. ELMT also hosted several large Christian delegations representing different churches in the USA. Within the UK the Trust has also built strong relations with St Paul’s Cathedral.
Major estates projects also advanced. During Ramadan 2025 the Phase 3 prayer halls opened permanently, adding capacity for an additional 1,000 worshippers, with full completion expected by October 2025. The dome replacement remains a priority; rising construction costs have delayed delivery, and fundraising continues while interim measures are explored to ensure safety, preserve heritage and enhance appearance.
## **Volunteering**
Volunteers continue to be central to the Mosque’s work - supporting worshippers, assisting visitors, and helping deliver services safely and with care. Throughout the year they stewarded large congregations, supported charity collections, and assisted at major events, especially during Ramadan and Eid, when activity is at its peak.
During Ramadan, volunteers played a crucial role in managing large congregations, coordinating iftar (the breaking of the fast) services, and supporting the smooth running of activities both on site and abroad. They also assisted with external charity collections and prepared food packs for local families in need, ensuring that support reached the most vulnerable.
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## **STRATEGIC REPORT**
## **ACHIEVEMENTS AND PERFORMANCE**
The Trust measures performance through a balanced approach that looks beyond headline numbers. We combine feedback from worshippers and service users with delivery against fundraising goals, programme outputs, and educational aims, alongside assessments of digital reach, estate management, safeguarding and compliance. This evidence is used to guide decisions, improve services, and ensure resources are used responsibly.
## **Religious Projects and Services**
## _Prayer Facilities_
Open every day, the Trust hosts consistently high attendance for the five daily prayers. The numbers rise significantly during the Friday prayers, when the Trust accommodates up to 10,000 worshippers and during the month of Ramadan, when the Mosque is at its busiest. Friday khutbahs (sermons) were delivered by resident Imams. The Trust also welcomed guest Imams to deliver sermons, strengthening our connection with the wider scholarly community. Our reach extended beyond the premises of the mosque through broadcasts on various media platforms.
British Sign Language interpretation for Friday and Eid khutbahs is provided by Al Isharah. It is displayed on screens throughout the Mosque complex. The khutbahs are also made available on YouTube and Facebook, with audio available on our local digital radios, as well as through global platforms such as Mixlr and Alexa.
## _Religious Teaching_
Daily religious lectures were delivered in the main hall and remained open to both men and women. Topics ranged from Qur’anic commentary and hadith studies to practical guidance on worship, ethics, and community life. To reach a wider audience, these sessions were also streamed online, allowing those unable to attend in person to benefit from the teaching.
## _Ramadan & Eid_
Ramadan 2025 saw exceptionally high participation across all aspects of worship and community life. Thousands joined daily prayers, with particularly large congregations for Tarawih and in the last ten nights, when over 33,000 worshippers attended Tahajjud (late-night prayer), including more than 14,000 on Laylat al-Qadr (the Night of Power - one of the most sacred nights in the Islamic calendar). More than 30,000 iftar meals were served on site, with a further 10,000 meals distributed abroad, while Zakat al-Fitr collections supported those in need locally and overseas. Itikaf (a spiritual retreat at the Mosque) at ELM remains in exceptionally high demand, with hundreds applying for a limited number of places each year, highlighting its special role in the Mosque’s Ramadan programme.
## _Funerals_
Funeral prayers (Janazah) were facilitated throughout the year - often several in one session, typically after the Dhuhr (afternoon) prayer. A total of 512 funerals were held in the period. The majority were organised by the resident independent funeral service, Taslim Funerals, with a smaller number managed by other providers.
On average three funeral service a week, an additional 156 a year, is conducted at the Trust by six different providers, excluding Taslim Funeral services.
## **Compulsory and Other Education**
The Trust provides full-time and part-time education.
## _Al-Mizan School & London East Academy_
Our two schools - Al-Mizan Primary School and London East Academy (LEA) - continued to make steady progress this year, with a strong emphasis on academic standards, pastoral care, and personal development. Both schools are
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led under a single Headteacher and overseen by one governing body (a committee of ELMT), ensuring consistent leadership and shared standards across phases.
Both schools report positive Ofsted feedback and continued improvement in behaviour, attitudes, and personal development.
## _Academic Outcomes_
2025 has been a record year for London East Academy, with pupils achieving some of the strongest GCSE results in the school’s history.
- 62% of pupils achieved Grade 5 or above in five subjects including English and Maths (up from 47% in 2024, above the national figure of 52%).
- 93% achieved at least Grade 4 in five or more subjects (compared to 67% nationally).
- Performance in English and Maths was particularly strong, with 67% achieving Grade 5 or above (up from 50% in 2024, and above the national outcome).
- The proportion achieving top grades (7+) rose from 13% in 2024 to 21% in 2025, matching national figures.
These results highlight consistent strength in English, Maths, and Arabic, alongside notable improvements in Science, Computing, History, and Religious Studies. Pupils have shown outstanding commitment to both their academic studies and their Tahfiz (memorisation of the Qur’an) and Islamic education.
Al-Mizan Primary School has also maintained a strong focus on standards, with SATs outcomes continuing to compare favourably with national results.
## _Supplementary Education_
The Trust’s Evening Madrasah continued to provide structured after-school learning with strong demand. Enrolment stands at 120, against a capacity of 135. A 10th classroom is scheduled to open in September 2025, and Open Days were held on 27–28 August 2025 for parents and learners. Teaching focuses on Qur’an, core beliefs and practices, and character development in a safe, well-supervised environment.
ELMT also supports several supplementary education projects within the complex, including Rainbow House, Saturday Islamic School, the Horn of Africa Development Association (HADA), and Al Qalam Madrasah, providing space, coordination and safeguarding oversight so these initiatives can operate safely and effectively.
## **Social Welfare**
The Trust provides a range of welfare services directly and through supported projects.
## _Religious Advice and Support_
Resident imams provide guidance on marriage, inheritance, family matters and other religious issues. Demand is high, so appointments are managed through a weekday booking system, with urgent slots held back for priority cases; advice is also available by telephone. In addition, the Imams conducted 357 Islamic marriages (Nikah) during the year up from 234 in the previous year.
## _Support for Refugees_
Working with partners including Islamic Relief and Muslim Aid, the Refugee Community Hub continued to provide essential assistance to refugees and asylum seekers. During the year the Hub supported nearly 400 families and individuals, offering help with applications, access to ESOL classes, and practical aid.
From April to August 2025, recorded outputs included 378 beneficiaries engaged through the Barbering Project (supported by 21 volunteers), 3,700 attendances at the Coffee Corner, 430 Ramadan food packs distributed, 129 Qurbani meat portions provided, and 100 Eid toy packs for children.
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## _Supporting Charitable Causes_
The Mosque hosted 91 external charity collections for UK-registered organisations, which together raised £430,070.
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## _Women-only Services_
Maryam Women’s Services provides information, advice and guidance from a dedicated front desk on the second floor of the Maryam Centre. Staff offer a safe, supportive space for drop-ins and signposting, referring women to inhouse programmes and external partners as needed. The service often acts as the first point of contact for women seeking help, offering reassurance, confidentiality, and practical direction at moments of vulnerability.
Beyond advice and referrals, the team plays a central role in building trust and confidence, helping women navigate complex issues such as housing, benefits, or family matters. The presence of a women-only space within the Mosque ensures accessibility and dignity, enabling users to approach staff comfortably and without stigma. By maintaining close links with specialist agencies, Maryam Women’s Services provides a vital bridge between the community and wider support networks, ensuring that women are not left to face challenges in isolation.
## _Counselling Service_
The Counselling Service is delivered by qualified counsellors offering faith-sensitive, confidential support. Presenting needs include anxiety, depression, bereavement, domestic abuse and relationship breakdown. Between January and July 2025, the service provided 378 counselling sessions.
## _Support for New Muslims_
Through our Discover One programme, the Mosque delivered 45 sessions this year, including Introduction to Islam courses, Practice for Prayer workshops, Ramadan iftars, and Eid socials. Over 100 participants took part. Innovative activities such as Cake with the Scholar and Night of Nourishment provided safe spaces for learning, discussion and development. A fundraising appeal raised £5,468, with many new converts contributing. Highlights included sponsoring two new Muslims for Umrah, one supported by a convert previously helped by ELM. Looking ahead, priorities include establishing a dedicated New Muslim Hub, expanding volunteer pathways, and strengthening the participation of imams in the growth and development of new Muslims.
## _Services for the Elderly_
The Trust continues to provide a welcoming space for older members of the community, recognising both their contribution and their needs. Weekly coffee mornings, light exercise sessions, and social gatherings brought together over 70 senior members of the community during the year. It offered much needed companionship and wider support for their wellbeing. Trips and seasonal events, including Eid celebrations, were particularly valued for reducing isolation and strengthening community bonds.
Feedback from participants highlighted improvements in physical activity, emotional wellbeing, and social connectedness, with many saying the programme gave them “a reason to leave the house” each week. Demand,
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however, continues to grow, underlining the importance of expanding capacity and securing more suitable space for group activities.
## _Faith in Environment_
The Faith in Environment project expanded its reach this year, engaging over 180 residents, 25 schools, and 130 community members through sustainability and recycling workshops. Three Friday sermons on environmental responsibility reached more than 117,000 people online, while practical initiatives such as school recycling programmes and community clean-ups during Muslim Climate Action Week demonstrated faith in action.
The project has successfully translated Islamic teachings on stewardship into lasting behaviour change, with participants reporting new household and community practices. Looking ahead, the initiative will continue to build partnerships with schools and mosques, expand resources and digital content, and host further events to inspire sustainable change across the community.
## _Faith in Health_
The Mosque continues to play a vital role in promoting health and wellbeing through Faith in Health provisions. In partnership with the NHS, four vaccination clinics were hosted this year, providing flu jabs and ACWY vaccines for children and demonstrating the Mosque’s ongoing contribution to public health. Alongside this, the Maryam Centre’s counselling service supported hundreds of women facing challenges such as trauma, bereavement, and domestic abuse, while initiatives like Sakinah – Women’s Voices and Healing Mama’s Heart created trusted spaces for emotional and spiritual support. By combining pastoral care with professional practice, these projects show how faith can help remove barriers to mainstream health services and ensure our community receives culturally appropriate, holistic care.
## **Community Cohesion**
The Trust works year-round to build relationships with neighbours, interfaith groups, civic bodies and local networks. We hosted Open Days and Tea & Tour sessions and continued the Islam Awareness Project (IAP) with exhibitions and guided visits that introduce visitors - many for the first time - to the mosque, its services and our community work. A neighbourhood tea this year created space for conversation, questions and feedback, helping us address concerns and strengthen trust.
## _Accredited Islam Awareness Courses – Faith in Diversity Programme_
We continued to deliver accredited courses on Islam, with a strand exploring the links between theology and mental health. A bespoke programme was designed for Tower Hamlets NHS staff, focusing on mental health and wellbeing in a faith context. The course covered the theological understanding of the mind, body and soul, and how this relates to practice.
## _Tackling Racism, Islamophobia and Anti-Semitism_
The Trust engaged with anti-racism partners including the No Place for Hate Forum, Tower Hamlets Interfaith Forum, and the Tension Monitoring Group to challenge prejudice and promote cohesion. We contributed to meetings, joint initiatives and community events throughout the year, ensuring our spaces remain welcoming and safe for all.
## _Special Events_
The Trust delivered a full calendar of high-profile events and public engagements across 2025, showcasing faith, learning and community service. Highlights included:
- Annual Iftar – “Faith in Friendship”: Brought together dignitaries, faith leaders and community partners for reflection and unity ahead of Ramadan.
- Srebrenica – 30th Anniversary Commemoration (9 Jul 2025): Survivors, scholars and civic leaders gathered for remembrance and learning, with contributions from international figures.
- Minaret Cup – Imams’ Charity Football (19 Jul 2025): National 11-a-side fixture raising over £16,000 towards a mobile medical unit for Gaza.
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- Al-Mizan & LEA students joined Muslim Climate Action Week through a Whitechapel litter pick, linking civic action to Islamic values.
- Summer Food Drive with Islamic Relief UK: Distributed 100 food packs to food bank users, 100 food parcels and Qurbani meat to refugee families, and 100 Eid gifts for children.
- ELM Connex knowledge series: Sessions with academics and practitioners, including a beekeeping and sustainability forum with UCL.
- Trek 4 Your Mosque: 35 participants hiked Sycamore Gap, many exceeding the £300 personal fundraising target—some raising £1,000 **+.**
## _Public Relations_
The Trust has actively engaged with the media in response to major national and international events, giving interviews and commentary across broadcast, print, and online outlets. Alongside this, our own communication channels remained vital for reaching the community: the IT team delivered around 250 live streams, viewed by approximately 205,000 unique users, while the weekly Friday khutbah blog continued to share sermon summaries and audio with a wider audience.
We used the website to keep the community informed with timely announcements - such as Ramadan and Eid updates - and statements on global events affecting our congregation.
Our newsletter was issued regularly to share key updates and opportunities to get involved (subscription details are available on the site). Social media remained a major driver of engagement, with strong growth across platforms: Facebook 342k, YouTube 75.6k (1.6m views this year), Instagram 32.2k, TikTok 34k, and X 15.6k.
## **Premises**
## _Phase 3 Prayer Hall Extension_
Ramadan 2025 marked a major milestone with the permanent opening of the Phase 3 prayer halls, accommodating an additional 1,000 worshippers. This expansion has eased pressure during peak times such as Ramadan and Jumu’ah, strengthening the Mosque’s capacity to serve its growing congregation. Final works are scheduled for completion by October 2025, consolidating this new chapter in the Mosque’s long-term development.
## _ELM Dome Replacement_
The Dome Replacement Project remains a key priority but has been delayed due to sharply increased construction costs and the prioritisation of Phase 3 works. While fundraising continues, interim measures are being explored to ensure the dome’s safety, preserve its heritage value, and enhance its appearance.
## _Security_
Security continues to be a top priority for the Trust. With potential risks including crime, hate incidents, and terrorism, our SIA-accredited Security Team provides 24/7 cover across the complex. Staffing levels have been increased, with a doubling of personnel during peak periods and major events. Additional SIA training has been completed, and fire safety and evacuation training delivered to all security personnel. These measures, alongside expanded CCTV coverage and strong collaboration with the police, Tower Hamlets Council, and community partners, ensure that staff, volunteers, and worshippers feel safe and reassured at all times. Security is further enhanced during Ramadan night prayers, Eid, and visits by dignitaries.
## **Governance and Administration**
The Strategic Priorities 2024 have guided the Trust’s activities to date and will continue to do so until the new longterm strategy is implemented. To support the development of a long-term strategy, the Trust engaged a consultant, who in consultation with key stakeholders, supported the development of a new strategy, which outlines the Trust’s priorities and objectives for the next five years. The next phase will focus on establishing key performance indicators (KPIs) and developing a detailed five-year work plan. Implementation of the new strategy is scheduled to begin in early 2026.
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Policy reviews are a routine part of the Trust’s commitment to maintaining high standards of governance and compliance. These reviews ensure that all policies and procedures remain current and fully aligned with legal requirements and Charity Commission guidance.
## **Fundraising, Income Generation, and Investment Performance**
In the 2024–25 financial year, ELMT’s income rose significantly to £6.66 million, up from £5.60 million the previous year. A major contributor to this £1.06 million increase was Ramadan donations, as the financial year included two Ramadan periods. The Trust’s income was primarily generated through donations, school fees, and investment returns. Expenditure also saw a modest increase, rising to £5.20 million from £4.96 million in the previous year.
A substantial portion of the Phase 3 project works was completed in February 2025, prior to Ramadan. The remaining works, which do not impact the use of the halls, are progressing as planned and are expected to be completed by October 2025.
Income from hall hire saw a modest increase in 2024–25, rising to £0.19 million from £0.17 million the previous year. Improvements made to the halls, alongside enhanced marketing and promotional efforts are expected to contribute to increased growth in the coming years.
The Pershore Street investment received planning approval in March 2025, and arrangements are in place for the sale to be completed before the end of 2025.
ELMT’s investment properties, valued at £15.34 million, consist of both freehold and leasehold assets located within and outside the Mosque complex. In 2024–25, these properties generated an income of £1.04 million, slightly down from £1.07 million the previous year. This decrease reflects the sale of certain properties.
In July 2024, an investment property was sold for £339,310 to support cash flow and meet the Trust’s financial commitments.
## **PLANS FOR THE FUTURE**
The ELMT Strategy 2026 sets out a clear roadmap for the next five years, focusing on five strategic priorities and their associated focus areas. These priorities aim to strengthen the Trust’s role as a faith-based institution, uplift communities, champion positive change, ensure financial sustainability, and deliver operational excellence.
1. Inspiring through faith, knowledge and leadership
- 1.1. Structured Educational Provision - A comprehensive educational framework providing high-quality schools, madrassahs, and structured Islamic programmes for diverse learning needs and spiritual development.
- 1.2. Islamic Awareness & Dialogue - Accessible, high-quality content and programmes that inspire spiritual growth, dispel misconceptions, and promote harmony.
- 1.3. New Muslims - Comprehensive support for new Muslims, guiding their journey from conversion to integration, with education, social support, and engagement with mosque leadership.
- 1.4. Guidance & Advisory Service - Trusted Islamic guidance through qualified scholars, offering accessible consultations and addressing contemporary societal challenges.
- 1.5. Institutional Excellence - A role model institution known for innovative programmes and effective governance, which inspires others and actively addresses contemporary issues pragmatically and inclusively.
2. Enabling and uplifting our communities
- 2.1. Women - Inclusive spaces, programmes, and services that specifically cater to the spiritual, social, and practical needs of women across all life stages.
- 2.2. Families & Individuals - Programmes and services that strengthen family relationships, promote Islamic values, and support individual well-being.
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- 2.3. Youth - Engaging programmes and initiatives that develop leadership, skills, and values, empowering youth to excel in faith and take on responsibilities within the mosque and contribute to society.
- 2.4. Socially Vulnerable - Tailored services and partnerships that address the unique challenges of socially vulnerable groups and promote long-term community integration.
- 2.5. The Elderly - Programmes and initiatives that ensure the elderly are valued, included, and supported, addressing their physical, social, and spiritual needs.
- 2.6. Health & Environment - Comprehensive health and wellness programmes combined with proactive environmental stewardship for sustainable and holistic community well-being.
3. Championing impactful change
- 3.1. Community & Civic Engagement - Events, initiatives, and collaborations foster inclusivity and strengthen relationships within and beyond the community.
- 3.2. Advocacy & Representation - Strong relationships with policymakers, civic leaders, and media ensure effective advocacy and representation for community concerns.
4. Strengthening financial sustainability
- 4.1. Financial Resilience - Robust financial reserves and sustainable strategies that ensure the mosque can respond to unforeseen challenges.
- 4.2. Income Generation - Diverse and sustainable income streams support the mosque’s strategic initiatives and long-term growth.
5. Delivering operation excellence
- 5.1. Governance & Leadership - Governance frameworks and leadership processes are transparent, accountable, and aligned with organisational goals.
- 5.2. Culture of Excellence & Innovation - A values-driven culture that champions excellence, continuous learning, and evidence-based decision-making to deliver high-quality, responsive services.
- 5.3. Organisational Capacity - A fit-for-purpose structure and skilled workforce support the mosque’s growing needs and strategic ambitions.
- 5.4. Digital Transformation & Innovation - Digital tools, AI and emerging technologies are harnessed to modernise services, enhance efficiency, and helps ELM remain future-ready.
## **FINANCIAL REVIEW**
## **Performance**
In 2024–25, ELMT raised £2.40 million through donations, up from £1.72 million in 2023–24. Income from charitable activities also increased to £2.19 million, compared to £2.05 million the previous year. Investment income declined slightly to £1.04 million (from £1.07 million), while income from fundraising activities rose to £0.96 million, up from £0.70 million. Overall, the Trust reported a surplus of £1.47 million for the year, a notable increase from £0.64 million in 2023–24.
Restricted income includes donations designated for specific projects, as well as income from full-time schools, evening madrasah, and collections for charitable and welfare distributions.
The Trust’s net current liability improved to £0.21 million, down from £0.36 million the previous year. Cash flow is monitored and reviewed monthly, and the Trust expects to address the remaining liability through the planned sale of the Pershore Street investment.
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## **Staff Remuneration**
The remuneration committee agreed an overall 3.5% increase to the pay scale from 1 April 2025.
## **Investment Policy**
The Trust has recently revised its investment policy to strengthen its approach to asset management and long-term financial sustainability. As part of this initiative, an Investment Committee has been established. The Investment Committee includes trustees, the CEO, and independent financial experts from the investment sector, ensuring a robust and well-informed governance structure for investment decisions.
The primary objective of ELMT’s investment policy is to grow its asset base, enabling financial gains to support the Trust’s charitable aims and activities, as well as contribute to its operational costs. Currently, the Trust generates most of its unrestricted income through donations, Friday collections, and rental income.
Looking ahead, ELMT aims to gradually build a diversified investment portfolio. This will include placements with UK-authorised Islamic financial institutions and Islamic windows of UK-authorised financial institutions, investment properties, and Shariah-compliant financial instruments. The composition of the overall investment portfolio will be guided by the Trust’s projected free cash flow, considering future spending commitments that the portfolio is intended to support.
## **Reserves Policy**
The aim of ELMT’s reserves policy is to ensure the Trust can meet short-term operational costs in the event of a significant drop in income. The Trust aims to maintain reserves sufficient to cover at least two months of liabilities and future activities, estimated at £0.87 million, in line with future plans. Going forward the ELMT will work towards increasing cash reserves to cover three months of operating costs. The Board of Trustees considers this policy adequate, given the strong tradition of giving within the faith-based community and the regular income generated from investments. As of 31 March 2025, free reserves stood at £0.25 million; however, this figure is expected to rise following post-year receipts from property sales and investment returns.
## **Principal Uncertainties, Risks and Management**
The ELMT actively identifies and monitors risks across key areas including compliance, reputation, financial management, governance, and operations. Measures are in place to mitigate these risks, particularly those deemed significant, and are supported by regular reviews to ensure the charity remains well-protected.
Key risk management measures include:
- Conducting DBS checks for staff, volunteers, and trustees, as appropriate
- Reviewing policies and procedures through the Governance, Compliance, and Audit Committee
- Regular monitoring of the reserves policy and risk register by the Board of Trustees
- Maintaining comprehensive insurance coverage
- Employing 24/7 security personnel across ELMT premises
To mitigate reputational risks, ELMT enforces a rigorous booking process and speaker policy, and actively addresses misleading or malicious media coverage. Due diligence procedures have also been strengthened to support this effort.
ELMT benefits from interest-free loans from supporters, known as Qard Hasana. By the end of the reporting period, the balance of these loans had decreased to £4.04m, down from £5.38m, reflecting repayments and improved financial stability.
## **Independent Auditor**
An independent audit was carried out by Abacus Partners (Ldn) LLP, Chartered Certified Accountants & Registered Auditors. The auditor is deemed to have been re-appointed in accordance with section 487 of the companies Act 2006.
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## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
The East London Mosque Trust (ELMT) is a company limited by guarantee. Its governing document, the Articles of Association, was last updated in 2020. Trustees are elected by the Trust’s membership every two years, with ten trustees selected from among the members. The elected trustees may appoint up to five additional trustees whose expertise is considered beneficial to the Trust. Trustees also serve as company directors under company law and do not receive any remuneration.
A formal trustee induction procedure is in place, outlining vetting steps, essential documentation, and expectations for appropriate training. The Board of Trustees typically meets every six weeks and convened ten times during the reporting period. To support effective governance, the Board has established three principal committees:
- Governance, Compliance & Audit Committee
- Schools’ Governing Body
- Jamiat-ul-Muslimin (Volunteer) Committee
Operational management is overseen by the Chief Executive Officer and the Senior Management Team. Delegation of decision-making is defined through committee terms of reference and staff job descriptions. The Board retains ultimate oversight of financial controls, risk management, major developments, and ensures compliance with the Articles of Association, charity law, and best practice standards.
ELMT has a subsidiary, ELMT Waqf, established to manage investments. The Trust also collaborates with other charities and organisations where such partnerships support its charitable objectives, with appropriate safeguards in place to manage any potential conflicts of interest.
## **STATEMENT OF TRUSTEES’ RESPONSIBILITIES**
The trustees (who are also directors of East London Mosque Trust for the purposes of company law) are responsible for preparing the Trustees’ Annual Report including the Strategic Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently.
- observe the methods and principles in the Charities Statement of Recommended Practice (SORP) 2015 (FRS102).
- 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; and
- prepare the financial statements on the going concern basis unless it is not appropriate to assume that the charitable company will continue in operation.
The Board of Trustees is responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company, and to enable them to ensure that the financial statements comply with Companies Act 2006. They are also responsible for safeguarding the assets of the company and taking reasonable steps for the prevention and detection of fraud and other irregularities.
Each of the persons who is a director/trustee at the date of approval of this report confirms that:
- there is no relevant audit information of which the company’s auditors are unaware; and
- they have taken all the steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the company’s auditors are aware of that information.
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The Trustees’ Annual Report and the Strategic Report were approved by the Board of Trustees (in their capacity as company directors) on 29 November 2025 and signed on its behalf by:
**Abdul-Hayee Murshad** Chairman
**Sirajul Islam (Hira)** Honorary Secretary
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## **THE EAST LONDON MOSQUE TRUST**
## **(A Company Limited by Guarantee) Independent Auditor’s Report to the Directors/Trustees of The East London Mosque Trust for the year ended 31 March 2025**
## **Opinion**
We have audited the financial statements of The East London Mosque Trust for the year ended 31st March 2025, 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 auditor’s 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.
In our opinion the financial statements:
- give a true and fair view of the state of the charitable company’s affairs as at 31st March 2025, and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the requirements of the Companies Act 2006
## **Basis for opinion**
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 accordance 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 relating to going concern**
We have concluded that the Trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
We sought clarity on the Trust’s legally enforceable capital commitments and marketable investable property, alongside its cashflow projections.
Based on this, and other work we have performed, we have not identified any material uncertainties relating to events or conditions that cast doubt on the charitable company’s ability to continue as
15
a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
## **Other information**
The other information comprises the information 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 information and, except to the extent otherwise explicitly stated in our report, we do not express any form 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 information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine 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 performed, 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.
## **Opinions on other matters prescribed by the Companies Act 2006**
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Trustees’ report, including the Strategic Report, for the financial year for which the financial statements are prepared, is consistent with the financial statements; and
- the Trustees Annual Report, including the Strategic Report, has been prepared in accordance with applicable legal requirements.
## **Matters on which we are required to report by exception**
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 information and explanations we require for our audit.
## **Responsibilities 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 determine is necessary to enable the 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
16
liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.
## **Auditor’s responsibilities for the audit of the financial statements**
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 detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence 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.org.uk/auditorsresponsibilities. 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 susceptible 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-compliance
- 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 impairments where relevant
- Performing work on existence and verification of current and fixed assets, and assessing whether any management estimates were reasonable
- Reviewing minutes of Trustee meetings, to identify any information that may have not been reflected in the accounting records
- Testing journals for evidence of management/Trustee override, and by extension the existence of related party transactions
- Testing for the existence of expenditure by the charity, and in the case of payroll costs, the existence of a sample of staff within those costs
- Establishing that fund classification of the charity’s activities, are in keeping with any terms or restrictions imposed on those funds
17
## **Use of our report**
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 auditor’s 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: 29th November 2025
18
## **EAST LONDON MOSQUE TRUST**
(Company Limited by Guarantee)
## **CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITY (INCORPORATING THE INCOME & EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2025**
|**Notes**|**Notes**|**Unrestricted**|**Restricted**|**Total**|**Total**|
|---|---|---|---|---|---|
|||||**2025**|**2024**|
|||**£**|**£**|**£**|**£**|
|**Incoming Resources:**||||||
|Donations & Legacies|**3**|1,760,450|632,105|2,392,555|1,723,866|
|Activities for Generating Funds|**4**|961,386|-|961,386|702,666|
|Investment Income|**5**|1,004,579|40,166|1,044,745|1,068,452|
|Income from Charitable Activities|**6**|127,149|1,990,882|2,118,031|1,896,263|
|Other Incoming Resources|**7**|49,804|-|49,804|47,818|
|**Total Incoming Resources**||**3,903,368**|**2,663,153**|**6,566,521**|**5,439,064**|
|**Resources Expended**||||||
|Fundraising Costs|**8**|352,351|-|352,351|258,942|
|Investment Management Costs|**9**|418,438|41,820|460,258|376,417|
|Charitable Activities Cost
|**10**|1,815,691|1,656,952|3,472,643|3,121,494|
|Support Costs|**11**|692,030|-|692,030|876,033|
|Governance Costs|**11**|117,697|-|117,697|168,502|
|**Total Resources Expended**|**Total Resources Expended**|**3,396,207**|**1,698,772**|**5,094,980**|**4,801,388**|
|**Net Income/Deficit Before Fund**||507,161|964,380|1,471,541|637,676|
|**Movements & Exceptional items**||||||
|Gross Transfer Between Funds|**24**|265,954|(265,954)|||
|**Net Movement before other recognised**||773,115|698,426|1,471,541|637,676|
|**gains & losses**||||||
|Profit/Loss on disposal of Fixed assets|Profit/Loss on disposal of Fixed assets|(10,690)|-|(10,690)|(3,000)|
|Gains/losses on revaluation of Fixed assets|Gains/losses on revaluation of Fixed assets**12**|**-**|**-**|**-**|**-**|
|**Net Movements in Funds**||762,425|698,426|1,460,851|634,676|
|**Reconciliation of Funds:**||||||
|Total Funds brought forward||36,291,622|1,477,576|37,769,198|37,134,522|
|**Total Funds as at 31 March 2025**||**37,054,047**|**2,176,003**|**39,230,049**|**37,769,198**|
All the activities of this charitable company are from continuing operations.
19
## **EAST LONDON MOSQUE TRUST**
(Company Limited by Guarantee)
## **CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2025**
||||**Total**||**Total**|
|---|---|---|---|---|---|
||**Note**||**2025**||**2024**|
||||**£**||**£**|
|**Fixed Assets:**||||||
|Freehold Land and Buildings|**12**||25,444,041||25,078,799|
|Investment Properties|**12**||15,339,751||15,689,751|
|Fixtures, Fittings & Equipment|**12**||451,498||440,894|
|Other Investments|||788,267||763,494|
|Investment in Subsidiaries|||1||1|
||||42,023,558||41,972,939|
|**Current Assets:**||||||
|Stock||4,753||2,421||
|Debtors & Prepayments
|**13**|948,284||1,105,797||
|Cash at bank & in hand||1,692,973||2,209,328||
|||2,646,010||3,317,546||
|**Current Liabilities:**||||||
|Amount falling due within one year|Amount falling due within one year**14**|2,857,480||3,679,184||
|**Net current Assets/Liabilities**|||**(**211,470)||(361,637)|
|**Total Assets less Liabilities**|||41,812,088||41,611,302|
|**Creditors:**||||||
|Amount falling due after one year|Amount falling due after one year**15**||(2,582,039)|(2,582,039)|(3,842,104)|
|**Total Net Assets**|||**39,230,049**||**37,769,198**|
|**Funds of charity**||||||
|Restricted Funds|||2,176,002||1,477,575|
|Unrestricted Funds||||||
|General Funds||254,117||245,026||
|Designated Funds||36,799,930|37,054,047|36,046,595|36,291,622|
|**Total Funds as at 31 March 2025**|||**39,230,049**||**37,769,198**|
29
.
Signed on behalf of Board of Trustees Croan Buco
……………………………………
…………………………………..
Trustee & Chairman
Trustee & Treasurer
20
## **EAST LONDON MOSQUE TRUST**
(Company Limited by Guarantee)
## **CONSOLIDATED STATEMENT OF CASH FLOWS**
## **FOR THE YEAR ENDED 31 MARCH 2025**
|||**2025**||**2024**|
|---|---|---|---|---|
|Notes|£|£|£|£|
|**Cash from Operating Activities:**|||||
|Operating Surplus/(Deficit)|1,460,851||634,676||
|Rent from Investments|(1,004,372)||(1,016,705)||
|Depreciation|173,841||178,484||
|Other Investment Income|(207)||(137)||
|Gain/Loss on fixed asset disposal|10,690||(48,609)||
|Increase/Decrease in Debtors|157,513||52,535||
|Increase/Decrease in Stock|(2,332)||442||
|Increase/Decrease in Creditors|(821,704)||80,808||
|**Cash from Operations**|(25,720)||(118,507)||
|**Net cash Generated from Operations**||(25,720)||(118,507)|
|**Cash from Investment Activities**|||||
|Purchase of Tangible Fixed Assets|(739,195)||(1,027,375)||
|Investments Purchased|(24,773)||(224,561)||
|Proceeds from sale of Assets|759,737||648,117||
|Rent from Investments|1,004,372||1,016,705||
|Interest/Profit on Investments|207||137||
|**Net cash inflow/outflow from Investment Activities**||1,000,348||413,024|
|**Cash from Financing Activities**|||||
|Increase/Decrease in Bank Loans|(157,683)||(144,664)||
|Increase/Decrease in Qard Hasanah (Private loans)|(1,333,300)|(1,490,983)|523,121|378,457|
|**Net Increase/Decrease in cash & cash Equivalents**||(516,355)||672,974|
|Opening Cash and Cash Equivalents||2,209,328||1,536,354|
|Closing Cash and Cash Equivalents||1,692,973||2,209,328|
|**Reconciliation:**|||||
|Cash at Bank & In Hand||1,692,973||2,209,328|
|||1,692,973||2,209,328|
See Note 31 for analysis of changes in net debt
21
## **EAST LONDON MOSQUE TRUST**
(Notes to the Financial Statements) for the year ended 31 March 2025
## **1 Accounting Policies**
## **1.1 Basis of preparation of accounts:**
The charitable company is a public benefit entity as defined by FRS 102, and the financial statements have been prepared in accordance with the Statement of Recommended Practice for Charities, preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)- Charities SORP FRS 102, and the Companies Act 2006.
The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are prepared in pound sterling which is the functional currency of the charity.
The principal accounting policies applied in the preparation of these financial statements are set out below.
## **1.2 Going Concern**
Trustees have chosen to present the Accounts on a going concern basis, with the expectation that the charity will continue to operation and meets its obligations for 12 months from the signing date. Cash-flow projections to November 2026 indicate that the Trust will be able to sufficiently cover its expenses and liabilities as they fall due. There has been a £1.3m reduction in private loan liabilities from the prior year, and the Trust is also ready to sell investment property in an emergency scenario.
## **Funds 1.3**
Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. The current designated fund is tied up within fixed assets (See Note 21).
Restricted funds are those which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The funds are set out in Note 20.
## **1.4 Income recognition:**
All incoming resources are included in the Statement of Financial Activity (SoFA) when the charity is legally entitled 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 received.
- Cash donations are recognised on receipt.
- Tuitions Fee income is recognised when entitlement has occurred. Fee Invoices are usually raised at the beginning of the academic year and any income related to future accounting periods are deferred to those periods.
- Investment income is earned through holding property and cash deposits for investment purposes. Rental income is recognised as the charity’s right to receive payment is established. Profit on funds held on deposit is included when receivable and the amount can be measured reliably.
- Hall and room hire income is recognised as at the date of the event.
- Grants for immediate expenditure are accounted for when they become receivable.
## **1.5 Expenditure and irrecoverable VAT:**
All expenditure is accounted for on an accruals basis within the Statement of Financial Activity and has been classified under headings that aggregate all costs related to that category. Expenditure is recognised once there is a legal or constructive obligation to make payments to third parties, it is probable that settlement will be required, and the amount of the obligation can be measured reliably. Input VAT that cannot be claimed is included in the cost to which it relates.
## **1.6 Allocation of costs:**
Costs are allocated between restricted and unrestricted funds according to the terms of the income. Where items expended are mixed, they are apportioned between the categories according to the income they relate to.
## **1.7 Support costs:**
Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, finance, personnel, payroll and governance costs which support the charities programmes and activities. Where support costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources.
22
## **EAST LONDON MOSQUE TRUST**
(Notes to the Financial Statements)
for the year ended 31 March 2025
## **Tangible fixed assets and 1.8 Depreciation:**
Freehold properties are depreciated, after considering the value that is not attributable to land.
Individual fixed assets costing £500 or more are capitalised at cost and are stated in the accounts at cost less depreciation.
Depreciation is calculated to write off the cost less their estimated residual value, over their expected useful lives on the following basis:
|Freehold||
|---|---|
|Property|Over 200 years on non-land portion|
|Computers and Equipment:|15% Reducing balance.|
|Furniture, Fixtures and fittings|15% Reducing balance.|
## **1.9 Investment properties:**
Investment properties are held at fair value, which is measured annually with changes in fair value recognised in ‘net gains / (losses) on investments’ in the SOFA.
**1.10 Investments:** Investments are recognised initially at fair value, which is normally stated at cost less provision for permanent diminution in value. Subsequently, they are measured at fair value with changes recognised in ‘net gains / (losses) on investments’ in the SoFA. Other investments are measured at cost less impairment. **1.11 Stock:** Stock held by the entity consists of books and radios. Goods are stated at, the lower of, cost or net realisable value. The cost includes all costs of purchase, any costs of conversion and other costs incurred in bringing the goods to its present location and condition. **1.12 Debtors and prepayments:** Debtors are receivable within one year and/or more than one year recognised at the transaction price. Prepayments are valued at the amount prepaid net of any discounts due. **1.13 Creditors and accruals:** Creditors payable within one year and/or more than one year are recognised at the transaction price. Accruals are valued at the net cost, less any discounts offered. **1.14 Loans and borrowings:** Loans and borrowings are initially recognised at the transaction price, including transaction costs. Private Loans: "Qard Hasanah" loans are interest-free loans from charity beneficiaries. Qard Hasanah movements are recognised when received or paid and recorded under liabilities due. The distinction between short-term or long-term liability is determined by individual contracts. **1.15 Provisions:** Provisions are recognised when the charity has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement, and the amount can be reliably estimated. **1.16 Pensions:** Employees of the charity are entitled to join a defined contribution pension scheme. The pension contributions by the charity are charged to the financial statements, and equal or exceed the statutory minimum percentages applied to pensionable earnings. **1.17 Taxation:** The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. **1.18 Group accounting** The entity has a 100% stake in a dormant subsidiary LMC Limited and a 100% stake in ELMT Waqf Ltd. The latter's total reserves at 31 March 2025 were (£4,288). Neither subsidiary have any active projects at the date of signing these accounts. See Note 25.
23
## **EAST LONDON MOSQUE TRUST**
(Notes to the Financial Statements) FOR THE YEAR ENDED 31 MARCH 2025
## **2. Legal status of the Charity**
The charity is a company limited by guarantee and has no share capital. In the event of the charity being wound up, the liability In respect of the guarantee is limited to £.10 for each member of the charity
|**Incoming Resources**|||||
|---|---|---|---|---|
|**3. Donations and Legacies Note Unrestricted Restricted 2025 2024**|**3. Donations and Legacies Note Unrestricted Restricted 2025 2024**|**3. Donations and Legacies Note Unrestricted Restricted 2025 2024**|**3. Donations and Legacies Note Unrestricted Restricted 2025 2024**|**3. Donations and Legacies Note Unrestricted Restricted 2025 2024**|
||**£**|**£**|**£**|**£**|
|General Donations 1,650,252|General Donations 1,650,252|1,650,252 1,177,254|1,650,252 1,177,254|1,650,252 1,177,254|
|Archiving Project|70 70 1,695|70 70 1,695|70 70 1,695|70 70 1,695|
|Building Appeals (Dome/phase 3) 632,035 632,035 459,133|Building Appeals (Dome/phase 3) 632,035 632,035 459,133|Building Appeals (Dome/phase 3) 632,035 632,035 459,133|Building Appeals (Dome/phase 3) 632,035 632,035 459,133|Building Appeals (Dome/phase 3) 632,035 632,035 459,133|
|Gift Aid 110,198 110,198 85,784|Gift Aid 110,198 110,198 85,784|Gift Aid 110,198 110,198 85,784|Gift Aid 110,198 110,198 85,784|Gift Aid 110,198 110,198 85,784|
||1,760,450
632,105 2,392,555 1,723,866|632,105 2,392,555 1,723,866|632,105 2,392,555 1,723,866|632,105 2,392,555 1,723,866|
|**4. Activities for Generating Funds Unrestricted Restricted 2025 2024**|**4. Activities for Generating Funds Unrestricted Restricted 2025 2024**|**4. Activities for Generating Funds Unrestricted Restricted 2025 2024**|**4. Activities for Generating Funds Unrestricted Restricted 2025 2024**|**4. Activities for Generating Funds Unrestricted Restricted 2025 2024**|
||**£**|**£**|**£**|**£**|
|Hall and room hire
185,900 185,900 168,811|185,900 185,900 168,811|185,900 185,900 168,811|185,900 185,900 168,811|185,900 185,900 168,811|
|Fundraising Activities|85,142 85,142 15,316|85,142 85,142 15,316|85,142 85,142 15,316|85,142 85,142 15,316|
|Digital fundraising Inc. Website|350,778
350,778 397,645|350,778 397,645|350,778 397,645|350,778 397,645|
|Bookstall and similar sales 39,566 39,566 45,894|Bookstall and similar sales 39,566 39,566 45,894|Bookstall and similar sales 39,566 39,566 45,894|Bookstall and similar sales 39,566 39,566 45,894|Bookstall and similar sales 39,566 39,566 45,894|
|Charity package sponsorships 300,000 300,000 75,000|Charity package sponsorships 300,000 300,000 75,000|Charity package sponsorships 300,000 300,000 75,000|Charity package sponsorships 300,000 300,000 75,000|Charity package sponsorships 300,000 300,000 75,000|
||961,386 961,386 702,666|961,386 961,386 702,666|961,386 961,386 702,666|961,386 961,386 702,666|
|**5. Investment Income Unrestricted Restricted 2025 2024**|**5. Investment Income Unrestricted Restricted 2025 2024**|**5. Investment Income Unrestricted Restricted 2025 2024**|**5. Investment Income Unrestricted Restricted 2025 2024**|**5. Investment Income Unrestricted Restricted 2025 2024**|
|**£**|**£**|**£**|**£**|**£**|
|Rent and services charges 1,004,372 1,004,372 1,016,705|Rent and services charges 1,004,372 1,004,372 1,016,705|Rent and services charges 1,004,372 1,004,372 1,016,705|Rent and services charges 1,004,372 1,004,372 1,016,705|Rent and services charges 1,004,372 1,004,372 1,016,705|
|Profit on bank deposit & Investment 207|Profit on bank deposit & Investment 207||207 137|207 137|
|ELMT Waqf|40,166 40,166 51,609|40,166 40,166 51,609|40,166 40,166 51,609|40,166 40,166 51,609|
||1,004,579
40,166 1,044,745 1,068,452|40,166 1,044,745 1,068,452|40,166 1,044,745 1,068,452|40,166 1,044,745 1,068,452|
|**6. Income from charitable Activities Unrestricted Restricted 2025 2024**|**6. Income from charitable Activities Unrestricted Restricted 2025 2024**|**6. Income from charitable Activities Unrestricted Restricted 2025 2024**|**6. Income from charitable Activities Unrestricted Restricted 2025 2024**|**6. Income from charitable Activities Unrestricted Restricted 2025 2024**|
|**£**|**£**|**£**|**£**|**£**|
|Educational Projects|||||
|Al Mizan school 463,596 463,596 448,580|Al Mizan school 463,596 463,596 448,580|Al Mizan school 463,596 463,596 448,580|Al Mizan school 463,596 463,596 448,580|Al Mizan school 463,596 463,596 448,580|
|London East Academy 714,165 714,165 733.689|London East Academy 714,165 714,165 733.689|London East Academy 714,165 714,165 733.689|London East Academy 714,165 714,165 733.689|London East Academy 714,165 714,165 733.689|
|ELM Evening Madrasah 68,901 68,901 72,190|ELM Evening Madrasah 68,901 68,901 72,190|ELM Evening Madrasah 68,901 68,901 72,190|ELM Evening Madrasah 68,901 68,901 72,190|ELM Evening Madrasah 68,901 68,901 72,190|
||1,246,662 1,246,662 1,254,459|1,246,662 1,246,662 1,254,459|1,246,662 1,246,662 1,254,459|1,246,662 1,246,662 1,254,459|
|Other charitable funds|||||
|Fitr fund|228,734 228,734 109,701|228,734 228,734 109,701|228,734 228,734 109,701|228,734 228,734 109,701|
|Zakat fund|198,110 198,110 95,518|198,110 198,110 95,518|198,110 198,110 95,518|198,110 198,110 95,518|
|Welfare fund 184,462 184,462 206,748|Welfare fund 184,462 184,462 206,748|Welfare fund 184,462 184,462 206,748|Welfare fund 184,462 184,462 206,748|Welfare fund 184,462 184,462 206,748|
|Counselling Project 51,500 51,500 11,417|Counselling Project 51,500 51,500 11,417|Counselling Project 51,500 51,500 11,417|Counselling Project 51,500 51,500 11,417|Counselling Project 51,500 51,500 11,417|
|Winter Food Project 3,578 3,578 26,758|Winter Food Project 3,578 3,578 26,758|Winter Food Project 3,578 3,578 26,758|Winter Food Project 3,578 3,578 26,758|Winter Food Project 3,578 3,578 26,758|
|Islam Awareness Project 66,572|Islam Awareness Project 66,572|Islam Awareness Project 66,572|Islam Awareness Project 66,572|Islam Awareness Project 66,572|
|Iftar Project|Iftar Project|77,836 77,836|77,836 77,836||
|Itikaf contributions & Iftar, Huffaz collections|127,149||127,149|125,090|
||127,149|744,220|871,369|641,804|
||**127,149 1,990,882**|**127,149 1,990,882**
**2,118,031 1,896,263**|**2,118,031 1,896,263**|**2,118,031 1,896,263**|
24
The contributions by the schools for use of ELMT facilities are reflected in the schools' costs in Note 10.
|**7. Other Incoming Resources Unrestricted Restricted 2025 2024**|**7. Other Incoming Resources Unrestricted Restricted 2025 2024**|**7. Other Incoming Resources Unrestricted Restricted 2025 2024**|**7. Other Incoming Resources Unrestricted Restricted 2025 2024**|
|---|---|---|---|
|**£**|**£**|**£**|**£**|
|
User Groups contribution 4,739 4,739 5,031|User Groups contribution 4,739 4,739 5,031|User Groups contribution 4,739 4,739 5,031|User Groups contribution 4,739 4,739 5,031|
|Weddings & Attestations 40,050 40,050 37,170|Weddings & Attestations 40,050 40,050 37,170|Weddings & Attestations 40,050 40,050 37,170|Weddings & Attestations 40,050 40,050 37,170|
|Sundry 5,015 5,015 5,617|Sundry 5,015 5,015 5,617|Sundry 5,015 5,015 5,617|Sundry 5,015 5,015 5,617|
|49,804|49,804 47,818|49,804 47,818|49,804 47,818|
|**3,903,368 2,663,153 6,566,521 5,439,064**|**3,903,368 2,663,153 6,566,521 5,439,064**|**3,903,368 2,663,153 6,566,521 5,439,064**|**3,903,368 2,663,153 6,566,521 5,439,064**|
25
## **EAST LONDON MOSQUE TRUST**
(Notes to the Financial Statements)
FOR THE YEAR ENDED 31 MARCH 2025
|**Expenses summary**||||
|---|---|---|---|
|**8. Fundraising Costs Note Unrestricted Restricted 2025 2024**||**8. Fundraising Costs Note Unrestricted Restricted 2025 2024**|**8. Fundraising Costs Note Unrestricted Restricted 2025 2024**|
||**£**|**£**
**£**|**£**|
|Salaries & Employers NIC 104,112|Salaries & Employers NIC 104,112|104,112 100,303|104,112 100,303|
|Fundraising Events & Campaigns|221,845 221,845 140,199|221,845 221,845 140,199|221,845 221,845 140,199|
|Bookstall & Similar Supplies 26,394 26,394 18,440|Bookstall & Similar Supplies 26,394 26,394 18,440|Bookstall & Similar Supplies 26,394 26,394 18,440|Bookstall & Similar Supplies 26,394 26,394 18,440|
||352,351
352,351 258,942|352,351 258,942|352,351 258,942|
|**9. Investment Management Costs Note Unrestricted Restricted 2025 2024**||**9. Investment Management Costs Note Unrestricted Restricted 2025 2024**|**9. Investment Management Costs Note Unrestricted Restricted 2025 2024**|
||**£**|**£**
**£**|**£**|
|Salaries & Employers NIC 134,184|Salaries & Employers NIC 134,184|134,184 90,732|134,184 90,732|
|Premises Expenses|193,857 193,857 150,376|193,857 193,857 150,376|193,857 193,857 150,376|
|Insurance 33,425 33,425 30,203|Insurance 33,425 33,425 30,203|Insurance 33,425 33,425 30,203|Insurance 33,425 33,425 30,203|
|Finance Charges|45,314 45,314 52,946|45,314 45,314 52,946|45,314 45,314 52,946|
|Legal & Professional|11,658|11,658||
|ELMT Waqf Ltd||41,820 41,820 52,160|41,820 41,820 52,160|
||418,438 41,820 460,258 376,417|418,438 41,820 460,258 376,417|418,438 41,820 460,258 376,417|
|**10. Charitable Activities Unrestricted Restricted 2025 2024**|**10. Charitable Activities Unrestricted Restricted 2025 2024**|**10. Charitable Activities Unrestricted Restricted 2025 2024**|**10. Charitable Activities Unrestricted Restricted 2025 2024**|
|**£**|**£**|**£**
**£**|**£**|
|Educational Project||||
|Al Mizan school 446,955 446,955 388,400|Al Mizan school 446,955 446,955 388,400|Al Mizan school 446,955 446,955 388,400|Al Mizan school 446,955 446,955 388,400|
|London East Academy 663,151 663,152 711,100|London East Academy 663,151 663,152 711,100|London East Academy 663,151 663,152 711,100|London East Academy 663,151 663,152 711,100|
|ELM Evening Madrasah 92,041 92,041 88,003|ELM Evening Madrasah 92,041 92,041 88,003|ELM Evening Madrasah 92,041 92,041 88,003|ELM Evening Madrasah 92,041 92,041 88,003|
||1,202,147 1,202,147 1,187,502|1,202,147 1,202,147 1,187,502|1,202,147 1,202,147 1,187,502|
|Salaries & NIC (Imams & Religious Support) 357,016|Salaries & NIC (Imams & Religious Support) 357,016|357,016 189,313|357,016 189,313|
|Welfare Fund Distribution||52,963 52,963 172,982|52,963 52,963 172,982|
|Counsellor fees||55,710 55,710 53,342|55,710 55,710 53,342|
|Fitr Fund Distribution 221,444 221,444 104,564|Fitr Fund Distribution 221,444 221,444 104,564|Fitr Fund Distribution 221,444 221,444 104,564|Fitr Fund Distribution 221,444 221,444 104,564|
|Zakat Fund Distribution 34,240 34,240 34,130|Zakat Fund Distribution 34,240 34,240 34,130|Zakat Fund Distribution 34,240 34,240 34,130|Zakat Fund Distribution 34,240 34,240 34,130|
||357,016 364,057 721,073 554,331|357,016 364,057 721,073 554,331|357,016 364,057 721,073 554,331|
|Salaries & Employers NIC 492,576|Salaries & Employers NIC 492,576|492,576 206,210|492,576 206,210|
|Premises Expenses|861,800 861,800 972,378|861,800 861,800 972,378|861,800 861,800 972,378|
|Archiving & Other Projects 13,473 13,473 11,075|Archiving & Other Projects 13,473 13,473 11,075|Archiving & Other Projects 13,473 13,473 11,075|Archiving & Other Projects 13,473 13,473 11,075|
|Baraka Khan Visitor Centre|255 255 4,321|255 255 4,321|255 255 4,321|
|Winter Food Project|||24,077|
|Islam Awareness Project|1,650 1,650 9,103|1,650 1,650 9,103|1,650 1,650 9,103|
|Iftar||75,370 75,370||
|Itikaf & Huffaz Expenses|74,893|74,893 102,474|74,893 102,474|
|Publications for Charitable Events|17,424|17,424|26,943|
|Web Hosting & Digital Hub 2,188 2,188 18,702|Web Hosting & Digital Hub 2,188 2,188 18,702|Web Hosting & Digital Hub 2,188 2,188 18,702|Web Hosting & Digital Hub 2,188 2,188 18,702|
|Telephone, Fax & Internet 9,794 9,794 4,378|Telephone, Fax & Internet 9,794 9,794 4,378|Telephone, Fax & Internet 9,794 9,794 4,378|Telephone, Fax & Internet 9,794 9,794 4,378|
||1,458,675 90,748 1,549,423 1,379,661|1,458,675 90,748 1,549,423 1,379,661|1,458,675 90,748 1,549,423 1,379,661|
||1,815,691 1,656,952 3,472,643 3,121,494|1,815,691 1,656,952 3,472,643 3,121,494|1,815,691 1,656,952 3,472,643 3,121,494|
26
## **EAST LONDON MOSQUE TRUST**
(Notes to the Financial Statements) FOR THE YEAR ENDED 31 MARCH 2025
|**11**
**Support and Governance Costs:**
**Note**
**a) Support Costs**
Salaries and Employer's NIC
Telephone, Fax and Internet
Computers and IT Expenses
Postage and Stationery
Legal and Professional Fees
Training and Recruitment
Book-Keeping and Accountancy
Bank and Credit Card Charges
Volunteer Expenses
Subscriptions
Sundry
Depreciation on FF and Equipment
Depreciation on Freehold Property
**b) Governance Costs**
Salaries and Employer's NIC
Legal fees
Auditor remuneration
Meetings and Training
**Total Expenses**
**12**
**Tangible Fixed Assets:**
Cost or valuation:
At 1 April 2024
Additions
Gains / (losses) on fair value of Fixed assets
Disposals
Land and Buildings transferred to FA Investment
Depreciation:
At 1 April 2024
Charge for the year
Eliminated by Disposal
Net Book Value
As at 31 March 2025
As at 31 March 2024|**Unrestricted**
**Restricted**
**2025**
**2024**
**£**
**£**
**£**
**£**
226,868
226,868
461,910
9,794
9,794
4,378
41,146
41,146
23,218
7,644
7,644
6,781
75,981
-
75,981
84,486
15,026
15,026
8,010
10,200
10,200
10,200
78,336
78,336
58,725
8,530
8,530
7,130
13,210
13,210
14,022
41,198
41,198
30,148
70,871
70,871
67,070
93,226
93,226
99,957
**692,030**
**-**
**692,030**
**876,033**
37,710
37,710
65,987
62,987
62,987
86,701
9,600
9,600
9,240
7,400
7,400
6,574
117,697
-
117,697
168,502
809,727
-
809,727
1,044,537
**3,396,208**
**1,698,772**
**5,094,980**
**4,801,388**
**Freehold**
**Investment**
**Fixtures, Fittings**
**Land & Buildings**
**Properties**
**& Equipment**
**Total**
£
£
£
£
25,178,756
15,689,751
1,774,028 42,642,535
647,976
91,219 739,195
-
(189,508)
(350,000)
(539,508)
-
25,637,224
15,339,751
1,865,247 42,842,222
99,957
1,333,134 1,433,091
93,226
80,614 173,841
-
-
193,183
-
1,413,748 1,606,932
**25,444,041**
**15,339,751**
**451,498 41,235,290**
**25,078,799**
**15,689,751**
**440,894 41,209,444**|**Unrestricted**
**Restricted**
**2025**
**2024**
**£**
**£**
**£**
**£**
226,868
226,868
461,910
9,794
9,794
4,378
41,146
41,146
23,218
7,644
7,644
6,781
75,981
-
75,981
84,486
15,026
15,026
8,010
10,200
10,200
10,200
78,336
78,336
58,725
8,530
8,530
7,130
13,210
13,210
14,022
41,198
41,198
30,148
70,871
70,871
67,070
93,226
93,226
99,957
**692,030**
**-**
**692,030**
**876,033**
37,710
37,710
65,987
62,987
62,987
86,701
9,600
9,600
9,240
7,400
7,400
6,574
117,697
-
117,697
168,502
809,727
-
809,727
1,044,537
**3,396,208**
**1,698,772**
**5,094,980**
**4,801,388**
**Freehold**
**Investment**
**Fixtures, Fittings**
**Land & Buildings**
**Properties**
**& Equipment**
**Total**
£
£
£
£
25,178,756
15,689,751
1,774,028 42,642,535
647,976
91,219 739,195
-
(189,508)
(350,000)
(539,508)
-
25,637,224
15,339,751
1,865,247 42,842,222
99,957
1,333,134 1,433,091
93,226
80,614 173,841
-
-
193,183
-
1,413,748 1,606,932
**25,444,041**
**15,339,751**
**451,498 41,235,290**
**25,078,799**
**15,689,751**
**440,894 41,209,444**|
|---|---|---|
||||
|||25,637,224
15,339,751
1,865,247 42,842,222|
|||99,957
1,333,134 1,433,091
93,226
80,614 173,841
-
-|
|||193,183
-
1,413,748 1,606,932
**25,444,041**
**15,339,751**
**451,498 41,235,290**|
|||**25,078,799**
**15,689,751**
**440,894 41,209,444**|
27
## **EAST LONDON MOSQUE TRUST**
(Notes to the Financial Statements) FOR THE YEAR ENDED 31 MARCH 2025
|**Investment properties:**
Fair value investment Properties b/f
Reclassifications and additions
Disposals of investment property
Gains / (losses) on revaluation|**2025**
**£**
15,689,751
-
(350,000)
-
15,339,751|**2024**
**£**
16,099,751
-
(410,000)
-|
|---|---|---|
|||15,689,751|
Mixed use Land and buildings (with investment element), and sole investment properties were not subject to professional valuations during the financial year. The trustees have considered that mixed use buildings show some sign of having higher market value, but in the absence of market data on sold properties of a similar purpose built nature, an upwards fair value revaluation was difficult to demonstrate.
The disposal of £189,508 in freehold land and buildings relates to the sale of one of the plots of land held by ELMT Waqf Ltd (Note 25). The East London Mosque Trust sold an investment property during the year; the loss on disposal on the SOFA reflects the difference between the proceeds and the market value of the property.
|**13. Debtors & Prepayments:**
Prepayments
Rent and others
Gift Aid accrued
Welfare debtors
Other accrued income
Student fees|**2025**
**£**
70,918
467,573
78,754
-
76,534
254,505
948,284|**2024**
**£**
111,418
352,978
31,988
10,000
69,142
530,271|
|---|---|---|
|||1,105,797|
28
## **EAST LONDON MOSQUE TRUST**
(Notes to the Financial Statements) FOR THE YEAR ENDED 31 MARCH 2025
|**14**
**Creditors: Falling due within one year**
VAT and Social Security Costs
Trade Creditors
Rent and Hall Hire Deposits
Advance Tuition Fees
Accruals and Deferred Income
Al Rayan (IBB) Bank Loan
Qard Hasanah - Private Loan
Pension Contributions
**15**
**Creditors: Falling due after more than one year**
Qard Hasanah - Private Loan
Al Rayan (IBB) Bank Loan|**2025**
**£**
120,401
258,534
128,041
468,218
206,946
1,646,376
28,964
2,857,480
**2025**
**£**
2,398,100
183,939
2,582,039|**2024**
**£**
57,206
316,621
156,656
346,036
696,656
190,367
1,893,873
21,765|
|---|---|---|
|||3,679,184|
|||**2024**
**£**
3,483,903
358,201|
|||3,842,104|
**Private Loans:** "Qard Hasanah" are loans from the charity's beneficiaries, which are repayable on request. There is no interest due, or security given for these loans. Long-term Qard Hasanah loans have been contractually agreed with private individuals, as not repayable within 12 months. Short-term loans are repayable on demand.
FRS102 requires long-term interest-free loans to be stated at their present value. Effectively this would mean loan amounts stated in the account are lower than the actual amounts payable in future. This has potential to confuse the charity's stakeholders, as such the trustees have opted not to follow FRS102 treatment for these loans.
|**16**
**Analysis of Staff Costs:**
Total Salaries
Employer's NIC
Pension Contributions
Total Employment cost
Average number of employees: Support
Average number of employees: Charitable
Employees paid between £60,000 and £69,999
Employees paid between £70,000 and £79,999
Employees paid between £80,000 and £89,999|**2025**
**£**
2,394,583
188,531
126,152
2,709,266
45
78
123
-
-
1|**2024**
**£**
2,194,880
166,748
105,972|
|---|---|---|
|||2,467,600|
|||33
90|
|||123|
|||-|
|||-|
|||-|
29
## **EAST LONDON MOSQUE TRUST**
(Notes to the Financial Statements)
FOR THE YEAR ENDED 31 MARCH 2025
## **17 Trustees' and key management personnel remuneration and expenses**
The trustees neither received nor waived any remuneration during the year (2024: £Nil)
Key management personnel (this excludes all Company directors/trustees) received remuneration of £189,252 during the year (2024: £168,849) including pension costs. The trustees did not have any expenses reimbursed during the year (2024 - £nil).
## **18 Pensions:**
The charity's pension scheme incorporates a SMART salary sacrifice scheme. It is operated by the People's Partnership. The Trust transferred Pensions fund from Smart Pension to People's Partnership. Employer's contributions made to pension schemes were £126,771 (2024: £112,877), recognised as an expense under staff emoluments.
## **19 Deferred income:**
|**Deferred income:**
At start 01.04.2024
Additions during the year
Amounts released to income
At end 31.03.2025|**2025**
**£**
834,653
371,039
(834,653)
371,039|**2024**
**£**
629,456
834,653
(629,456)|
|---|---|---|
|||834,653|
Deferred income occurs where the entity has raised invoices for a service to be provided in the next financial period. This includes: Hall Hire: Bookings made for events occurring in the period after 31st March 2025.
**Student fees:** Fee invoices raised in the school academic year, but actually pertaining to the next financial year. The academic year crosses 2 financial years, and fees are allocated accordingly. Students awaiting enrolment may also be invoiced in advance.
|**20**
**Restricted Fund Movements**
**Educational Projects**
London East Academy
Al Mizan
Evening Madrasah
**Capital Projects**
Building Appeals
**General Projects**
Zakat and Fitr Funds
Welfare Funds
IRUK Counselling Grants
Archives Project
Baraka Khan Visitor Centre
Iftar Project
Winter Food Campaign (Islamic Relief)
Islam Awareness Project
NHS Community Investment Scheme
Waqf|**Opening**
**Incoming**
**Resources**
**Closing**
**Balance**
**Resources**
**Expended**
**Adjustment**
**Balance**
**01.04.2024**
**31.03.2025**
**£**
**£**
**£**
**£**
**£**
241,587
714,165
663,152
292,601
40,406
463,596
446,955
57,047
68,901
92,041
23,140
-|
|---|---|
||281,993
1,246,662
1,202,147
23,140
349,647
679,805
632,035
(196,776)
1,115,064
-
-
127,582
426,844
255,384
299,042
199,671
184,462
52,962
331,171
-
51,500
55,710
4,210
-
1,707
70
8,873
7,096
-
103,067
255
(102,812)
-
77,836
75,370
(2466)
-
10,811
3,578
-
14,389
68,339
-
1,650
66,689
4,600
4,600
-
-
40,166
41,820
1,654
-|
||**1,477,575**
**2,663,153**
**1,698,771**
**(265,954)**
**2,176,002**|
30
## **EAST LONDON MOSQUE TRUST**
(Notes to the Financial Statements) FOR THE YEAR ENDED 31 MARCH 2025
Barakha Khan Visitor Centre restricted funds have been transferred to unrestricted funds. Formal permission had been obtained from the donor's family for alternative use of the funds, in a prior financial year.
If there are Iftar Fund surpluses in a year, these are also transferred to unrestricted funds in the year.
Capital project income relates to funds raised from the public for building renovations in relation to Phase 3 works, and planning for a replacement dome. Expenses related to these projects are capitalised within fixed assets. The adjustment above relates to a transfer of funds from the restricted capital collections to unrestricted funds. This treatment is line with the accruals model of expending a capital grant, as required by FRS102. The annual release of the funds to unrestricted reserves is calculated on a 15% reducing balance basis.
31
## **EAST LONDON MOSQUE TRUST**
(Notes to the Financial Statements) FOR THE YEAR ENDED 31 MARCH 2025
|**21 Movement in Funds**
As at 1 April 2024
Current year surplus
Proft/(loss) on disposal of investment property
Current year transfer
As at 31 March 2025|**Unrestricted**
**Designated**
**Unrestricted**
**Restricted**
**Total**
**Fund**
**Fund**
**Fund**
**Fund**
**Fund**
**£**
**£**
**£**
**£**
**£**
245,026
36,046,595
36,291,622
1,477,576
37,769,197
507,161
507,161
964,380
1,471,541
(10,690)
(10,690)
(10,690)
(487,381)
753,335
265,954
(265,954)|
|---|---|
||**254,117**
**36,799,930**
**37,054,047**
**2,176,002**
**39,230,049**|
£36.8m of funds are designated funds are tied up in buildings, investments and fixed assets. As at the balance sheet date the charitable company has £0.25m free reserves for its day to day operations. (2024: £0.24m)
## **22 Value added taxation**
Part of rental income is VAT-able and charged at a rate of 20%.
## **23 Auditors' Remuneration**
|Auditor's Remuneration for the audit of the charity's annual accounts
Fees Payable to the charity's auditor for non-audit services|**2025**
£
11,250
11,210|**2024**
£
11,250|
|---|---|---|
|||11,210|
## **24 Contingent Liabilities**
The entity had no contingent liabilities as at 31 March 2025 nor at 31 March 2024.
## **25 Related Party Transactions - ELMT Waqf Ltd**
The Trust had a loan at year-end of £2,500 with its subsidiary ELMT Waqf Ltd. The Trustees, Syed Tohel Ahmed and Harun Khan,
are also directors of ELMT Waqf Ltd.
The loan is eliminated on consolidation, as ELMT Waqf Ltd, is a fully owned subsidiary of the East London Mosque Trust.
ELMT Waqf Ltd.’s activity has been in the participation of development, sale and purchase agreements of land in Northampton. Both plots of land initially purchased have now been sold, with the second plot sold in this financial year.
The profit on sale of £40,166 was realised by ELMT Waqf. Ltd, was distributed to the parent for charitable purposes within the year.
The Trust received £40,000 from Muslim Aid from sponsorships during the year. Syed Tohel Ahmed is also a Trustee at Muslim Aid. Total charity package sponsorship income is disclosed in Note 4.
## **26 Volunteers**
The charity benefited from work performed by volunteers, including counting of cash collections, and stewarding during Friday prayers, and Ramadan.
## **27 Capital Commitments**
The Charity had committed to extension work to the prayer hall (Phase 3), amounting to £180,000, after the year-end.
32
## **EAST LONDON MOSQUE TRUST**
(Notes to the Financial Statements)
FOR THE YEAR ENDED 31 MARCH 2025
## **28 Analysis of net assets between funds**
|Tangible fixed assets
Investments
Current assets
Current liabilities
Creditors over 1 year
**Total net assets**|**Unrestricted**
**Restricted**
**Total**
**Total**
**Fund**
**Fund**
**£**
**£**
**£**
41,235,290
0
41,235,290
788,268
788,268
470,008
2,176,002
2,646,010
(2,857,480)
(2,857,480)
(2,582,039)
(2,582,039)|
|---|---|
||**37,054,047**
**2,176,002**
**39,230,049**|
## **29 Investment - SV7 Limited**
The ELMT investment with Sama Ventures Ltd commenced in August 2022, and currently stands at £788,267; the two entities formed a joint venture called SV7 Ltd. for the purpose of obtaining a planning gain on a plot of land aimed at providing student accommodation in Birmingham.
Planning permission was granted in March 2025, and the development, consisting of 301 student units, is currently marketed for sale.
Invested funds are currently within designated funds in Note 21, as they are not readily available reserves.
## **30 Zakat & Fitr and welfare distributions**
The Trust occasionally conducts charitable appeals for other UK registered charities. Charities that have the funds passed on
from ELMT, undergo due diligence to guard against reputational risks. During the financial year, the Trust did not engage in any grantmaking activities with other charities.
## **31 Analysis of changes in net debt**
The analysis below serves as a note to the consolidated cash flow statement:
|Cash
Cash equivalents
Overdraft facility
**Total cash**
Private loans <1 yr
Private loans >1 yr
Bank loans < 1 yr
Bank loans > 1 yr
Finance leases
**Total borrowings**
**TOTAL**|**At start**
**Acq/disp**
**New**
**Fair value**
**Forex**
**Other non-**
**At end**
**of year**
**Cash flows**
**of**
**investments**
**finance leases**
**movements**
**movements**
**cash**
**changes**
**of year**
**£**
**£**
**£**
**£**
**£**
**£**
**£**
**£**
2,209,328
(491,582)
(24,773)
-
-
-
-
1,692,973
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-|
|---|---|
||**2,209,328**
**(491,582)**
**(24,773)**
**-**
**-**
**-**
**-**
**1,692,973**|
||(1,893,873)
(247,497)
-
-
-
-
-
(1,646,376)
(3,483,903)
(1,085,803)
-
-
-
-
-
(2,398,100)
(190,367)
(56,779)
-
-
-
-
40,200
(206,946)
(358,201)
(174,262)
-
-
-
-
(183,939)
-
-
-
-
-
-
-
-|
||**(5,926,344)**
**(1,450,783)**
**-**
**-**
**-**
**-**
**40,200**
**(4,435,361)**|
|||
||**(3,717,016)**
**959,201**
**(24,773)**
**-**
**-**
**-**
**40,200**
**(2,742,388)**|
33