CHARITY REGISTRATION NUMBER: 1146612 Islamic Education Trust Unaudited Financial Statements 31 March 2025 F BADAT ART Chartered Certified Accountants 154 Melbourne Road Leicester Leicestershire LE2 ODT TIFIE
Islamic Education Trust Financial Statements Year ended 31 March 2025 Page Trustees, annual report Independent examiner's report to the trustees Statement of financial activities Statement of financial position Notes to the financial statements 10 11
Islamic Education Trust Trustees, Annual Report Year ended 31 March 2025 The trustees present their report and the unaudited financial statements of the charity for the year ended 31 March 2025, Chair's report The trustees present Iheir report and the financial Siatements for the year ended 31 March 2025. The trustees and oflice bearers who served during the year and up to th6 dale of this report are set out below.
Islamic Education Trust Trustees, Annual Report (¢onllnu8d) Year ended 31 March 2025 Reference and adminlstrative details Reglstered eharlty name Charlty registration number Principal off ice Islamic Education Trust 1146612 3-13 Keythorpe Street Leicester LE2 OAL The Irusiees AKM Gheewala MFM Mulla MSE Mulla (Treasurer) Islamic Education Trust is an unincorporated Charity and the business address is 3-13 Keyihorpe Street, Leicester LE2 OAL which is also the registered office. The following are the trustees who served during the year ended 31 March 2025 till 10-dale are as follows: Abdukkarim M Gheewala (President) Enayalulla Khan Pathan Ivlce President) Mohammed Faruk Mulla (Secretary) Adam Yusuf Sabat Fakir Ahmad GA Gheewala Abubaker Mohamed Faruk Mulla Miya Ahm8d HM Mulla Mohamed Ghari Ismail Ibrahim Mulla The following are the office bearers but not trustees except Adam Yusuf Sabat who is a irustee, and took keen part in the management of Islami¢ Education Trust: Shoiab Haji (Iniernal Auditor) Mohamed Soyabe Ebrahim Mulla (Treasurer) Adam Yusul Sabat (Madrasha Secretary) Company secretary Independent examlner Mohamed Faruk Mulla Yusuf Badal FCCA Chartered Certified Accountant 154 Melbourne Road Letcester Leicestershire LE2 ODT
Islamic Education Trust Trustees, Annual Report (¢ontlnuedJ Year ended 31 March 2025 Structure, governance and management Islamic Education Trust Report of the trustees for the year ended 31 March 2025 The trustees of Ihe Islafflic Education Trust (IET} present their report and the financial siatements for the year ended 31 March 2025. The truslees who served during the year and up to the dale of this reporl are set out on page 1 - 2. Structure, governance and management: Assalamualaykum Warahmatullahe Wabarakatohu The Trusiees have pleasure in presenting their report for the year ended 31 March 2025 in accordance with the Charity Commission's recommendations and guidelines. Status & Administration & Responsibilities & Obligations: The IET continues to operat6 in a safe environment following COVID ensuring the health and wellbeing of Ihe users of the facilities of IET Is at the forefront. Heallh and safety risks are continually assessed by the elected Executive Committee who manage the day-to-day operations of the IET, and any mitigating actions are implemented to minimise ihe risks to public safety. In addition, the Madressa supplemeniary school continues to thrlve post COVID wilh over 400 children attending in the evening, ranging from 5 10 18 years in age wlth a stafl compliment of 25. We remain actively engaged wilh olher community and faith groups in the city in sharing good practices and in organising support for Ihe vulnerable individuals and groups. We remaln grateful 10 all our communities. our congregations and volunteèrs for their assistance, sUPPOrt and cooperatlon during Ihis year. By the grace of Almlghty Allah, the Trust is operating as a vibranl organisation in making community services provislons. The elected executive council remains responsible for the day-lo-day operational management and decisions. The monthly EC meeting cycle has been proved very successful and effective in managing all our activities. We are pleased to report that Ihe participaiion ol EC members and trustees to these meetings have remalned sleadfasl in the provision of their voluntary services. Many young trust members have started shadowing the office bearers, a practice introduced to encourage young members to be active in learning as well as increasing ownership of the programmes and activities. This has been very successful in generating new ideas and programmes for the Trust on one hand. and on the othèr hand ivs assisting in developing a second line of young leadership. This Partnership working has been proved successful, The Trust has benefitted from the younger generation in implementing their suggestions to bring the organisalion more in line wilh prolessional etiquette and practices. We review our objectives and activilies regularly ensuring compliance with the Charty Commission's general gui(lance. In addition, the review assists us in ensuring that all our programmes and activities remain aligned to our stated & agreed objectives & purposes. Risk Management.. The trust operates its accounts with leading banks lo minimise disruption and risk. The Trust does not have any investmeni Portfolio. However, we have two properlies, one at 4 Wilson Slreel and second one at 13 Garendon Street. Both these properties are rented out generating regular monthly income
Islamic Education Trust Trustees, Annual Report (¢ontinued) Year ended 31 March 2025 for the Trust. The tenant occupancies remain high and the properties never remain unoccupied. We continue lo respect the donor's wishes fully and income generated is being used accordingly. We have ongoing review of the risks which charity faces in respect of the sector in which it operales and p13n to manage such risks and mitigate their effects. Responsibilities of the Trustees". The EC takes safeguarding (Adults & Children) very serlously. The policy stalements are prepared and endorsed in addition to DBS checks tor the key office bearers who come into contacts with young children. All stafl are trained in saleguarding and refresher training occurs annualty for the staff who are in regular contacl with children. The EC also takes legal framework very seriously in complying with existing legislative obligations for the charilable organisation like the Trust. There is always an an ongoing review ol our policies and procedures ensuring that new guidance is taken seriously and that our policies and procedures are aligned to Ihe most current requirements. Objectives and actlvltles Trusi Charity Objectivès: The object of the charlty is to advance the Islamic Religion Including offering prayer facilities, conducting marriage ceremonles, supporting Musllm burial facillties, education of chlldren become better muslim6 and citizens, organise adult education classes, deliver lectures covering Islamic subjects, engage with other tailhs in the city and Gounty ol Leicestershire iowards promoting racial and religious harrnony, organise youth programs, and help io relieve the poor and disadvantaged groups in in hospitals and poor economic conditions across the world, These objectives are well reflected in all our programmes and activlties. Principle policy to guide our work in achieving the Charity Objectives: To establish a Masjid for prayer facilities in accordance with the Islamic teachings oflering public space for worshippers in a safe, peaceful and appealing environment. A space where seNice users Gould pray and meditate in discharging their obligatory and secondary religious activities. Continuing with principle policy to guide our work In achieving the Charity's Objectlves: To establish Madrasah (school} in offering safe and secure learning environment for young people and the older generation and other ancillary buildings to be used lor achi8ving the same objectives In providing communlly services in line wilh the Trust objectives.
Islamic Education Trust Trustees. Annual Report (continu) Year ended 31 March 2025 Achlevements and pertomiance Achievements and performance: Activilies and achievements: The charity is managed and run by the group of commttted volunteers, who offer Iheir lime and expertise with religious commitments. The Trust repr8senlalives have always remained on the forefront in actively participaling with statutory organisations and voluntary sector groups in addressing the issues allecting Leicesler communily. Report of the trustees for the year onded 31 March 2025 Charty's performance during the year.. Tho list of programmes and activities for tho year is too long, but following outlines the broad spectrum of our work: Management and running of the mosque. Masjid Al Falah offers daily five times prayars and Friday prayers, Islamic marriage ceremonies. regular education programs and rnonthly youth programs, holding mosque open days lor visitors of all backgrounds io help promote a better underslanding of our fatth and organising Iftaar evenings (breaklng fast al sun sei in the month of Ramadan) for people of different failhs as well as people of no failh. Management and running of the Madrasha Falahe Darain: Islamic education facilities are catered for CiTca 400 ehildren - boys and girls with the age range group of 5 to 18 years laught by 25 qualified mÈmbers ol staff-both mal6 and female. Additionally, our young students actively participate in selecting & supporting a charity ol thoir ehoice evary year. They also take part in sporting activities for young children in parlnership with the Khidmah organisation and other Youth groups partnership with the Khidmah organisation and olh6r Youth groups. Adult Islamic 9dueation classes for men and women: Men and women have benefilted from the classes who wanted to learn more about Islam and those who have also been lagging behind in acquiring the knowledge of basic tive pillars of Islam and Quranic teachings. Numbers have ranged from 12 to 25 people per session throughout the year. Representation & affiliation with Other Organisalions.. The charity is also affiliate member of other organisations and liaises wilh Ihose t)odies in promoting good community cohesion and race relation5. 11 works wilh people of all faiths or no faith and with people of different race backgrounds. It works closely with Federation of Muslim Organisalion, Council of Faith Leicester, Federation of Indian Muslim Organisation and Muslim Council Of Brilain and Muslim Burial Council Of Leiceslershire (MBCOL) & Indian High Commission, in addition to working closely with olher mosques and madrèssas to align its religious and education activities. Masjid nolice board has remained a popular tool for disseminating information for community use. Charity Assets.. Main Charity Asseis:
Islamic Education Trust Trustees, Annual Report {conllnuedJ Year ended 31 March 2025 3-13 Keythorpe Slreet. The principal property at 3-13 Keylhorpe Street, Leicester comprises of the Masjid and Madrasah facililies. Other Buildings owned by the Charity: The building at 4 Keythorpe Street is used for Madrasah activities as well as for women's educational classes. The property at 8-10 Wilson Street is being used as an educalionall Madrasah centre for girls. Also. the property is regularly used for community based activilies. Investment Property". The houses at 4 Wilson Sireet and at 13 Garendon Street are on rent for family accommodation generating income for the Trust. The values of the properties in the balance sheet reflect the historical cost value, Islamic Education Trust Rep)rt of the trustees for the year ended 31 March 2025 Concluding remarks regarding achievements and pertormance". The Islamic Education Trust (Leiceslerl has enjoyed a good repulation and managed to creat6 a positive prolile within the Leicester community, delivering on its organisalional objectives and providing an essenlial service lo the community. We remain quite focused on our objectives and purposes In designing our programmes and activities. We promote active participation of community volunteers and take regular feedback from service users, We thank all our service users for their cooperation and Support, our supporters & volunteers for their dedicated help and all the trustees and executive council lor Iheir commiiments and contributions in making the year a successful one. We as trustees pray for all and sincerely hope that your cooperation will continue as be*ore, enabling us io conlinu& providing valuable community services through the Trust. Wassalam
Islamic Education Trust Trustees, Annual Report (contlnued) Year ended 31 March 2025 Flnancial revlew This is the eleventh report presented for the year endecl 31 March 2025 in charity format Total incoming and oulgoing resources: Total income for the year was £260,311 (last year £225,615) Total spent for the year was £257,567 (last year £243,072) Prolit for the year was £2,744 (last year1£17,457)) The above expenses includes depreciation cost and incoming resources includes rental Income of £16,300 {last year £16,040) Inveslment Incom&: Gross rental receipts for the current year was £16,300. Incoming Resources-voluntary income: Donations received were £102,196 (last year £79,822) Activities for Gengraling lunds-madrasha fees- Gross madrassah fees received was £137,035 (last year £123,208) Activities for Generating Funds-Book Shop 8ookshop sales was £1,780 (last year £2,945) Resources Expended on aclivilies.. Ustad wages and expenses was £163.584 (last year £127,758) Bookshop purchases was £299 (last year £4,974) Governance Cost.. Governance cost was £66,511 Including depreciation (last year £66,973) The trustees. annual report was approved on 5 December 2025 and signed on behalf of the board of trustees by: AKM Gheewala Trustee MFM Mulla Trustee MSE Mulla {Treasurer) Tru51ee
Islamic Education Trust Independent Examiner's Report to the Trustees ol Islamic Education Trust Year ended 31 March 2025 I report to the trustees on rny examination of the financial statements of Islamic Education Trust ('Ihe charity'l lor the year ended 31 March 2025. Responslbllitles and basis ol report As the trusiees of the charily you are responsible for the preparation of the financial siatemenls in accordance with the requirements of the Charities Act 2011 (Ihe Act,). I report in respect of rny examination of Ihe charitws financial statements carried out under section 145 of the 2011 Act and in carrying out my examinalion I have followed all the applicable Directions given by the Charity Commission under section 145{5}(b) of Ihe Act. Independent examlner's statement Since the charity's gross income exceeded £250.000 your examiner must be a member of a body listed in 98clion 145 of the 2011 Acl. I confirm that l am qualifi8d lo undertake thg examinallon becaljse l am a member of the Association of Charlered Certilied Accountants, which is one of the listed bodles. I have completed my examination. I confirm that no maierial matters have corne to my attention in connection with the examination giving me cause to believe that in any material respect: accounting r8cords were not kept in respect of the charity as required by sgction 130 of the Act; or the financial statements do not accord with those records. or the financial statemenls do not comply with the applicable requirements concerning the form and content ol accounls set out in the Charities {AcGounts and Reports) Flegulations 2008 ottter than any requirement thai the accounts give a 'true and tair, view which is not a matier considered as part of an Independent examination, I have no concerns and have come across no Other matters in conneciion wilh th8 examination to which aiienlion should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Yusut Badat FCCA Chartered Certified Accountant Indépendent Examiner 154 Melbourne Road Leicester Leicestershire LE2 ODT
Islamic Education Trust Statement of Financial Activities Year ended 31 March 2025 2025 Unrestricted funds Total funds Total funds 2024 Note Income and endowments Donations and legacies Othei trading activities Investmenl income Total income 102,196 141,815 16,300 260,311 102,196 141,815 16,300 79,822 129,753 16,040 225,615 260,311 Expendlture Expendilure on raising funds: Costs of raising donations and legacies Costs of olher trading activities Expenditure on charitable activities Total expendiiure 27,172 163,884 66.511 27,172 163,884 66,511 43,367 132,732 66.973 9.10 257,567 257,567 243,072 Net Incomel(expendlture) and net movement In f unds 2,744 2,744 117,4571 Reconclllaiion ol funds Total funds brought forward Total funds carrled forward 1,465,986 1,468,730 1,465,986 1,468,730 1,483,443 1,465,986 The statement of financial activities includes all gains and losses recognlsed in the year. All income and expendilure derive from continuing aGtivilies. The notes on pages 11 to 18 lorm part of these flnancial statements.
Islamic Education Trust Statement of Financial Position 31 March 2025 2025 2024 Flxed assets Tangible fixed assets Note 15 1,364,019 1,313,902 Current assets Debtors Cash at bank and in hand 16 2,247 103,139 105,386 1,222 151,537 152,759 Creditors: amounts falling due wlthln one year Net current assels Total assets less currenl Ilabllltles Net assets 17 675 675 104,711 152,084 1,465,986 1,465,986 1,468.730 1,468,730 Funds ol Ihe charlty Unrestricted funds Total Charity funds 1,468.730 1,468,730 1,465,986 1,465,986 19 Thes8 Ilnancial siatements were approved by th6 board of Irustees and authorised for Issue on 5 December 2025, and are slgnad on behalf of tha board by: AKM Gheewala Trustee MFM Mulla Truslee The neS on pages 11 to 18 lorm port ol these Ilnancial statements. 10
Islamic Education Trust Notes to the Financial Statements Year ended 31 March 2025 General information The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address o the principal ofice is 3-13Keh0rpe Street, Leicesler, LE2 OAU. Statement ot compllance These financial statements have been prepared in compliance wtth FRS 102, 'The Financial Reporting Standard applicable in Ihe UK and the Republic of Ireland,, the Stalement of Recommended Practice applicable to charities preparing iheir accounis in aceordanee with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 1021) and the Charities Act 2011. Accountlng pollcies Bas1$ of préparatlon The financial statements have been prepared on Ihe historical cost basis, as modified by the revaluation of certain linancial assets and liabilities an(1 investment properties measured at fair value through income or expenditure. The financial statements are propared In sterling, which Ss the functional currency of the 6ntity. Golng concern Ther8 are no material uncertainties about the charity's abillty to continue. Judgements and key soure88 ot estlmation uncertalnty The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are conlinually reviewed and are based on experience and other factors. including expeclalions of future events thai are believed to be reasonable under the circumslances. Fund accountlng Unrestricted funds are available for use at the discretion of the irustaes to further any of the charity's purpos8S. Designated funds are unrestrict8d funds earmarked by the Irustees for particular future projeci or cornmilment. Restrlcted funds aro subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds. 11
Islamic Education Trust Notes to the Financial Statements (continued) Year ended 31 March 2025 Accounling policies (contlnued) Incoming resources All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular calegories of income: incom6 from donations or grants is recognised when there is evidenc8 of entitlemenl lo the gift, receipt is probable and its arnount can be measured reliably. legacy income is recognised when receipt is probable and entillement is established. Income trom donated g¢)ods is measured at the fair value of the goods unless this is Impracllcal lo measure reliably, in which case Ihe value Is derived from Ihe cosl to the donor or the estimated resale value. Donaied facilities and services are recognised in the accounts when re1ve(l il the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply ol services is recognised with the delivery of the contracied service. This is classilied as unrestricted funds unless there is a contractual requirement lor it lo be spent on a particular purpose and returned rf unspent, in which case it may be regarded as restricted. Resources expendad Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of tlnancial activities to which il rèlates: expenditure on raising lunds includes the costs of all fundraising activities, events, non- chariiable trading aclivilies, and the sale of donated goods. expenditure on charitable a¢iivities includes all costs incurred by a charity in undertaking activilie5 thai further its chariiable aims for the benelit of its beneficiaries, Including ihose support costs and costs relating io the governance of the charity apportioned to charitable aciivities. other expenditure includes all expenditure that is n9ither r8lated to raising funds for the charily nor part of its expenditure on chariiable activilies. All costs are allocated to expenditure categories reflecting Ihe use of the resource. Direct costs attributable to a single activity are allocated difeclly to that activity. Shared costs are apportioned between Ihe actFvities thoy contribute to on a reasonable, justifiable and consisient basis. Tanglble assets Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at Ihe date of revaluation less any subsequont accumulated depreciation and subsequent accumulated impairment losses. 12
Islamic Education Trust Notes to the Financial Slatements (conlinued) Year ended 31 March 2025 Accounting policles (¢ontlnued) Tangible assets (contln(tsdJ An increase in the carrying amount of an asset as a result of a revalualion, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount ol an assel as a result of revaluation, is recognised in olher recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within olher recognised gains and losses on Ihe statement of financial activilies. Depreclatlon Depreciation is calculated so as to write off the cost or valuation of an asset, lass Its residual value, over the useful economic life of Ihat asset as follows". Freehold property - Solar Panels Fixlures and fittings 40/0 Straight line method125 Years) l Owa reducing balance Impalrment ol fSxed assets A review for indicators of impairment is carried out at ea¢h reporting date, with the recoverable amount being estimated where such indicaiors exist. Where the carrying value exceeds the recoverable amount, thè ass81 Is impaired accordingly. Prtor impairments are also reviewed for possible reversal at each reportlng date. For Ihe purposes of impairment testing, when it Is noi possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash- generating unit io which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows Ihal largely independenl of the cash inflows from other assets or groups of assets. For impairment testing o* goodwill, the goodwill acquired in a business combination is, Irom the acquisition date, allocated to each of the cash-generating units thai are expected to benefit Irom the synergies of the combination, irrespeclive ol whether other assets or liabilities of the charity ar8 assigned to those units. 13
Islamic Education Trust Notes to the Financial Slatements (contlnuedj Year ended 31 March 2025 Accountlng pollcles (conllnu) Financial instruments A financial asset or a financial liabilty is recognised only whan the entity becomes a party to the contractual provisions of the instiument. Basic financial instruments are initially recognised al the amount receivable or payable including any related transaction Costs, unless the arrangement constitutes a financing Iransaclion, where it is recognised at the present value of the future paymenls discounted al a market raie ol interest for a similar debl inslrumenl. Current assets and current liabilities are subsequently measured at the cash or othef consideration expected to be paid or received and not dSscounted. Debl inslruments are subsequently measured ai amortised cost. Where investments in shares or prelerence shares are publicly traded or their fair value can otherwise be measured reliably. the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment. Olher linancial inslruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed al a rate ol interest thai is noi a market rate, in which case th8 asset is measured at th6 present value ol the future payments discounted at a market rate of interest for a similar debl instrument. Other financial instruments are subsequenlly measured at falr value, with any changes r8cognised in profit or loss, with the exception of hedging insirumenls in a designaied hedging relationship (see hedge accounting policy). Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting dale. If there is objective evidence ol impairment, an impairment Ioss 18 recognised under the appropriate heading in the statement of financial activities in whlch the initial gain was recognised. For all equity instrumenis regardless of signilicancÈ, and other financial assets that are individually significant, these are assessed individually for Impairment. Other financial assets are èilher assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised immediately, lo Ihe extent that the reversal does noi result in a carrying amount of the financial asset thal exceeds whal the carrying amount would have been had the impairment noi previously been recognised. Currently the charity is a small one and does noi deal in complex Ilnancial inslrumenls. Doflned contribuiion plans Contributions to defined contribution plans are recognisèd as an expense in Ihe period in which the related serviGe is provided, Prepaid contributions are recognised as an asset to the exlenl that Ihe prepayment will l@ad to a reduction in future payments or a cash refund. 14
Islamic Education Trust Notes to the Financial Statements (contlnued) Year ended 31 March 2025 Accountlng pollcles (conllnu8d) Defined contribution plans (contlnued) When contributions are not 8xpected to be sottled wholly within 12 months ol the end ol the reporting date in which the employees render the related service, the liability is measured on a discounted present value basls. The unwinding ol the discount is recognised as an expense in Ihe period in which il arises. Donations and legacles Unrestr5cted Total Funds Unresiricted Total Funds Funds 2025 Funds 2024 Donatlon8 L)onations 99,356 99,356 78,916 78,916 Other donallons and legacles Other donations- Gift Aid 2,840 2,840 906 906 102,196 102,196 79,822 79,822 Other trading acllvltles Unresiricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Madréssa Fees receipts-activity 1 Kitaab Sales Other income from other tradlng actlvities type 3 - Nikah Fees 137,035 1,780 137,035 1,780 123,208 2,945 123.208 2,945 3,000 141,815 3,000 141,815 3,600 129,753 3,600 129,753 Investment Income Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Income from investment properties Other interest receivable 15,700 600 15,700 600 14,880 1,160 14,880 1,160 16,300 16,300 16,040 16,040 Costs of ralslng donatlons and legacies Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Costs of raising donations and legacies Donations 27,172 27,172 43,367 43,367 15
Islamic Education Trust Notes to the Financial Statements (contlnued) Year ended 31 March 2025 Costs of other trading activllies Unreslricted Totsl Funds Unrestricted Total Funds Funds 2025 Funds 2024 Costs of other trading activities - Shop costs 163,884 163,884 132,732 132,732 Expandlture on charltable acllvltl8s by fund type Unrestricted Total Fund8 Unreslricted Total Funds Funds 2025 Funds 2024 Support cosis 66,511 66.511 66,973 66,973 10. Expendlture on eharStable aeiivitles by actlvlty lype Toial lunds 2025 Support costs Total fund 2024 Governance cosls 66.511 66,511 66,973 11. Nei Incomel{expendlture) Net incomel(expenditure} is staled after charging/(creditingl'. 2025 2024 Depreciation of tangible lixad ass6ts 2.199 12. Independeni examlnatlon fees Fees paid to the Independent examiner was agreed at £675 13. Staff costs The total staff costs and employee benefits for Ihe reporting p8riod are analysed as follows.. 2025 2024 Wages and salaries Employer contributions to ponsion plans 22,540 1,260 25,840 1,332 23,800 27,172 Staff cosis under governance was £22,540 The average head count of employees during the year was Nil (2024: 27), No employee received employee benefits of more than £60,000 during the year {2024.' Nill. 16
Islamic Education Trust Notes to the Financial Statements (continued) Year ended 31 March 2025 14. Trustee remuneratlon and expenses No remuneraiion or other beneftts from employment with the charity or a related party were received by the trustees. 15. Tangible fixed ass61s Freehold Fixtures and property fittings Total Cost At 1 April 2024 Additions 1.278,049 54.970 101,943 1,035 1,379,992 56,005 At 31 March 2025 Depreclatlon At 1 April 2024 Charge for the year At 31 March 2025 Carrylng amount At 31 March 2025 At 31 March 2024 1,333,019 102,978 1,435,997 69,779 69,779 2,199 2,199 2,199 69,779 71,978 1,330,820 1,278,049 33,199 32,164 1,364,019 1,310,213 16. Debtors 2025 2024 Prepayments and accrued income 2,247 1,222 17. CrlIorS. amounts falllng due wlthln one year 2025 2024 Accruals and daferred income 675 675 18. Pensions and other post rellrement beneflls Deflnad contribution plans The amount recognised in income or expenditur8 as an expense in r&lation to delined contribution plans was £1,260 (2024: £1,332}. 17
Islamic Education Trust Notes to the Financlal Slatements (continued} Year ended 31 March 2025 19. Analysls of charitable funds Unreslricted funds At 31 March 202 At 1 April 2024 Income Expenditure General funds 1,465.986 260.311 (257,567) 1,468,730 Al 31 March 202 At 1 April 2023 Income Expenditure General funds 1.483,443 225,615 {243,072) 1,465,986 20, Flnanclal instruments The Charity is very small and does not deal in complex financial instruments, 18