COMPANY REGISTrATK)N NUMBER: 08166521 CHARITY REGISTrATION NUMBER: 1148610 DARUL IKHLAS Company Limited by Guarantee Unaudited Financial Statements 31 July 2024 K LIMITED Chartered Certrfied Accountants 1 Concord Business Centre Concord Road London UK W3 OTJ
DARUL IKHLAS Company Limited by Guarantee Financlal Statements Year ended 31 July 2024 Page Truslees. annual report (incorporating the directors report) Independent examinerfs report to the trustees Slalement of financial activities (induding income and expenditure account) Statement of financial position Notes to the financial statements The following pages do not forni part of the flnanclal statements Detailed statemenl of financial activities 15 Notes to the detailed statement of financial aGtivttses 16
DARUL IKHLAS Company Limited by Guarantee Trustees. Annual Report {Incorporaling Ihe Directofs Report) Year ended 31 Juty 2024 Thè trustees. who are also the diredots lor the purwses of company law. prasent thair report and th8 unaudited financid statements of the thartty lor the year end8d 31 Juty 2024. Reference and adminlstrdtlve detslls RegIer8d charity name DARUL IKHLAS Charty rng15tratlon numbèr 1148610 Company reglstratlon number 08166521 Prlnclpal office and registered 11 Selsdon RDad office London NW2 7NG England The trustees Mr A zvqar Mr l Daad MrMNMik Independent examlner KBM UK LTD 1 Conc0 Busin Centre Concord Road Lornlon UK W3 OTJ
DARUL IKHLAS Company Limited by Guarantee Trustees. Annual Reporl (Incorporatlng the Director's Report) (minIdj Year ended 31 July 2024 structurei governance and management Board of Trustees The board of trustees is responsible to ensure that charty obj8CtN8s ar8 achiev and charttaL4e actNities are carried ¢Nrt in support ol set objectivas. They a]50 mDniLoi overaji performance of charity manwJemenl and to ensu chaiTty resourc85 are appli&J effeclNely. Governance Darul Ikhlas refers to the charty incorporated as a company limited by Guarantee in Eryland and Wales, wrth a GM)veming docum8nt known as the Memorandum and Artrles ol Association. Management Responsbiltiies The Annual Report and Financial Statents ara prepared aLxording to the relevant law and regulalions and approved bythe Company Directors. The directors manages and keep accounling recoids, the récords di£close our financiaj with reasonable accuracy at any time and gnable dir)[5 to erwre that the f[nala1 slatemenls comply wtth the Companies Act 2006 arKI thc chwTty Commi8sKn Statewnerrt of recornmendalK)n Practice ISORP} 2015. Oblectlvos and actlvllles We 8re commtied to estabiishing a Mosque 8 Islamic cultural centre in Isleworth, London, insh'Nlah. AclNf¢ies Indude the five daily praygrs, Ihe weekly jumu'a prayer aThJ annual 'ld celebrations, regular Islami¢ and Quffanic dasses for children ot 1 ages, youth activities including swrts and summer camps, adult projects and edueaMn programm&s for men and women. and inlerfwth inalives. A¢hlevemeMs and performancg Darul Ikhlas has further1 its charitable oblectives in the local communtty of Islewoth and the surrounding areas by arraNJirrtJ Friday prayers. Eid prayers, Taraweeh prayers, Madrassa for children 2nd adutts, Nikka SoMnrLation and (x)unsdfing. Financlal r8view The Charitys activrb8s during the year are désenbed bdow: TotaI collection from th)natKJns arKI grants from vtrmmts sourLX vras £211.409 out of which £86.710 was unr8Stricled and £124,699 rended in natrjre. The unrestrithed and restricl8d experKliiures were £50.763 aThJ £162,668 pectiVelY during the financiai year. Small company provlsions This rewrt has been prepared in accordance with the prowsions appbcth to MpanieS enttued to the small Companies exernpts'on.
DARUL IKHLAS Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) (corfbx Year ended 31 July 2024 The trustees. annuat repyt vras apwoved on 8 January 2025 arml $[gnl on behajl of the board of tNstees ty. Mr l Daad Trustee 1710112 5
DARUL IKHLAS Company Limited by Guaranlee Independent Examiner's Report to the Trustees of DARUL IKHLAS Year ended 31 Juty 2024 I report lo the tTUStees on my examination of Ihe finanaal 8tat8ments of DARUL IKHLAS (Ihe chari for thè year ended 31 July 2024. Responsibilitle$ and basls ol raport As the trustees of th8 company land abo tLS directors for the purposes of (xjmpany law} you are responsible lor the preparation of th8 tinanCI Statements in accordance the requirements of the Companies Act 2006 (Yhe 2006 Act'l. Having satisll8d mysew that the aLounts of the company ar8 not r8quired to be audit urmler Part 16 of the 2006 Act and ar8 eligible for indeperthnl examinatKin. I rèport in respèct of my examination ol th8 Char[S accounts as carried out ur#Jer section 145 07 the chareS Act 2011 llhe 2011 ACV). In carwng out my examination I have followed the DIreCtior gtven by the Charity Commission ur)der section 14615llbl of the 2011 ACL Independent examinerfs SLthm8nt I have ¢ompleled my 8xamination. I confimi that no matters have C>me io my attention in &)nne¢tion with the examirtation gNing me cause to believe: accounting records were not kept in rgsped of Ihe charity as required by section 386 of the 2006 Act" or the financial statemwts th not accord with those reGords.' or the tinanTh statemenis do not compty with the accounting requirements ol seclw)n 396 of the 2006 Act other than any r8qUtr8m8nt thal the accounts give a ttrue arKI fai¢ view whh is not a matter conshjered as part of an independent examination. or the financial statements have not been prepared in aOrdanCe with the methods and principles ol ihe Statement of Recommerthd Pr*ice for accounting and repong by chwibes aFFlicablo to charities preparing thr accounts in a0EOrdan with the Fin8ncial Reporting Standard appIab[e in the UK aThY Republic of IrelaThJ IFRS 102). I have no concems and have rne across no other matt8rs in connection wth the exatninalTron to which attention should b8 drawn in this report in order to enab a proper undèrstarftling ot the accounts to reach1. kisrf KBM LIK LTD Independent Examiner 1 Concord Business Cantre Concord Road London UK W3 OTJ
DARUL IKHLAS Company Limited by Guarantee Slatement of Flnancial Activities (Including income and expenditure account) Year ended 31 July 2024 2024 Unrestrict9d Restricted lurKts lunds Totsl funds Tot funds 20Yd Income and endowrnents Donaiions and legacies Charrtable activities 82.&34 4,076 124.699 207,333 4.076 211.409 61.586 5.570 67.156 Total incom8 86.710 124.699 Expendltur8 Expondrture on charilable aetNthes TotaI expèndlture $0.763 50.763 162,668 162,668 213,431 213,431 58.061 58,061 Net {exp8nditure}Jlncome and n8t movement In funds 35.947 137,969) {2.022} 9,095 Roconciliatlon of funds Total funds brought forward T¢)tal funds ¢arrièd forward 38.8V 1,880 136,089) 40,742 38,720 31,647 40,742 74,809 The statement ol financi actimties includes all gains and losses reccgnised in the year. Al Iome and expenditure derive from continuiThJ activil$. The notes on pages 7 10 13 forni part olthese financi statements.
DARUL IKHLAS Company Llmlted by Guarantee Statement of Financlal Position 31 Juty 2024 Tangible ed assets 13 765 957 Curront asgats Debtors Cash at bank a-Kl tn ha1 14 $33 59,543 59,876 58.217 58,217 Credltors: amounts lalllng due wilhln one y Nel current assots 15 20.262 37,955 38,720 38.720 20,091 39,785 40.742 40.742 Total assets kss rrent Ilabililles Net assets Funds of iha charlty Raqtrkted funds Unr8strlcted lunds (36,089) 74.809 38,720 38,862 40.742 Total charity iunds 17 For thè year ending 31 Juty 2024 th8 charity was entttled to exempts)n from audtt under ton 477 of Dlwlor8' responsiLilittes'. The members have not required the eompany to obtain an audit ol its IlrAndat stalemants for the year in question fft accordance with section 476" The directors acknowledge theIr resFonsibilili8s for MplYIng with the r4uwements of the Act wrth respect to accounting recorts and the preparation ol fancIal statsmenl& These financial Statents have been prepared in 1th the pM¥10S apFdicatle to companies subject to the small cornpanles. regime. Thes8 Ilnandai statements w8r8 approved by of trustees and auihorlsed for issue on 8 January 2025. aTh are signéd on behalf of th8 board by. Mr l Daad Tnjstee 17101115 The notss on pages 7 to 13 brni irt of Ih88e flnanclal ststements.
DARUL IKHLAS Company Limited by Guaranlee Noles lo the Flnanclal Statements Year ended 31 July 2024 Gweral InfDTmation The charty is a publ benefft entity and a prtvate rnPany limited by guarantee. registered in England and WaIes and a registered charity in England and Wales. The address of the registered office is 11 Selsdon Road. Lon(h)n, NW2 7NG. Ewland. Statemerrt of compliance Thesg financi statements have been prepared in compliance with FRS 102. The Financial Reporting Standth applicable in the UK and the Republic of Ireland., the Stalement ol Recomrnpnded Pradce applicable to charilies preparing their accounts in aixx)rdance wth the Financial Reporbng Standard appli¢at4e in the UK and Republic of IrelaTrd IFRS 1021 {ChltieS SORP IFRS 10211 and ihe Companies Act 2006. Aeeounttng pollcies Basis of preparatlon The financtd statements hav8 b8en wepared on the histor1 LY)St basis. as modffied by the raVUatiOn of cert financi assets lialx"1eS and investrnent propthes measured at far vdue through incom8 8xpenditure. The financi statsments are prepared in ster11J, which i8 the funotional currency of the entity. Golng concern There are no Materi Ltncertinties atx)ut the charilys abilty to continue. Judgements and key sources of tImatIOn unlainty The preparatvjn of the finan¢td statements requires managgm8nt to make judg8m8nts, estimates and assumptions thal affect the amounts repK)rted. These eslimates and judgements are continua]ly reviewed and are based on experience and other factors, induding expectations of future events that are believed to be reLnable under the circumstance& Fund accountlng Unrestricted funds are aV4e tor use al the disLYetion ol the trustogs to lurther any of the charrty'5 purposes. Designated lunds *e Unrestr[ furKls eamiarked by th8 tnJst88s for parlicular future project or commitment. Restri¢led funds are subjected to restrKtson5 on thr expenditure déelarad by thé donor or through the terms of an apal, and fajl into one of Iwo sutClaSSeS. rcstrict(xl irE(x)mc funds or 8ndowment fur)ds.
DARUL IKHLAS Company Limited by Guarantee Notes to the Financlal Ststements I¢L¥rt Year ended 31 July 2024 Accounting polleles Incomlng resources All in¢oming resources are induded in the slatemenl of financial actmtes vA7en entitlement has passed to Ihe charity. it is wobable that the economic benefrts associated with the transaction will flow to Ihe chartty and the amount can be refiably measur. The followng specitic policies are applied to particular categories of income: inoom8 from donalions or grants recr4nisad Ythen thère is evh186 ol efttld8meM its thè gift, receipt is probabl8 and its amount can measured reliably. 18gacy income is recognised when recaipl is probable and entidem8rit is estatlishgd. income from donated wcrfls 15 measured at the fair value of thg goods unless this is impracttcat lo measure rdiably. in whh case the vdue is derived from the cost lo the donor or the estimated resate value. Donated facifjties aThl serYeS are recognised in the accounts when recelved rf the value c2n be reliaw measured. No amounts are Included for the contribution of generaj volunteers. InGome from contrarts for tho suppty of seTvices is rwnisgd wilh the delivery ol the conlracted seThice. Thi5 15 classffied as UnStriCted funds Un there is a contractual requirement lor it to be SFent on a partkxtlar purpDse and retumed il unspent, in which Ixse tt may be regarded as reslitted. Resources expended xpenrfrture is recognised on an accnjals basis as a liability i8 irKurred. Expenditure includes any VAT which cannot b8 fulty reCoVerJ. arKI is dassrfied uThder headings of tha statèmènt ol financial aclivtties to whh it relates-. expenditure on rwsing lurmls indudes the &)sts ot all lurtdraiyng actiwbes. events. non- charitabl8 trading athtttes. arbj the sale ol donat8d goo(L%. expendrture on dwitable activibes iludeS all ry)sts incurred by a charity in und8rtaking activities that further its charitable aims for the benefit of ts beneflaneS. including those support costs and costs relab.ng to the govemance of the charity apportioned lo charitable activities. other expen¢fire iTKIth exndibjre that is neither retated to rwsing lun(Js for Ihe Charty nor part ot tts expendilure on chariiable acbvtttes. AJI costs ar& allocated to exFEnditurc CalOneS rel1]ng the use of the resource. Direct ¢Xlsts attributable to a single actsvtty are alhxated (fI1ty to that actiwty. Shared eosts are apportioned beeeTr the aGtivibes they contriburè to on a reasonable. justrfiable and consistent basis_ Tangible assets TangitrAe assets are inibalty recorded at cost, 8ThJ yjbsequendy stated at (x)st less any a¢¢umulated depreciation and impairmenl losses. Any tangible assets carrted al revpjued amounts are recorded al the lair value at ttle dale of reVllation less any subsequent accumulated éepreciation and subsequent ac*umulated imwrnient losses.
DARUL IKHLAS Company Limiled by Guarantee Notes to the Flnanclal Ststsments (conlhwodj Year ended 31 July 2024 Accounting policies Tanglbje assets (1 An incrèase in the carrwng amount of an asset as a resuh ol a ruation. is recognised in other recognis8d gans and losses: unless rt reverses a charge lor impairment that has prewously been recognised as expenditure Trmthin the statement of fjnanciai activlbes. A decrease in th8 carrying amount of an asset as a result of revUatIon, is rec(xJnised in other recognised gans arKI losses. except to which it offsats any prevtous revaluation gain. in Ythi¢h case the kjss is shoyffl within Other ragnISed gans and losses on thé atement of financial activitses. Depreciation Depreciation is calculated so as to WTtte off Ihe cost or valuation of an assat, 18ss its residual value. over the usgful economic frfe of asset as follows: Equipment rlUcJn9 balance Impalrrnent of flxed assets A review for indicators of impaiment c2rried out at each reporbng date. with the recoverabla amount being estimatga Ythere such indatorS 8xisI. Where the carrying value exceeds the recoverable amounL the a55et is impaired accordingty. Prior impaimients are also reviewad for ssible revèrsal at each reporting dale. For the putPOSgs of impaÉtmert testing, when IE is not tx)ssible to estimate the recoverable awnounl of an indivtdual asse( an estimate is made of the recOvable arnount of the cash- genèrating unit to which the asset tlOngS. The cash-generating unit is the smdlest identffiable group of assets that includes the as5th arKI generate5 cash inflows that large independent of the cash inflows from other ass8ts or groups of assets. For impairment testing of gothwll, the gO¢xfvll acquired in a busin8ss combination is, from the acquisition date, allocat8d lo each of the casFwner*iNJ units that are expected lo benefit from the synergies of the (x)mbinath)n. irrespective of whether other assels or fiabilities of the ¢harity ara assigned to those units. Defined contrlbution plans Contnl)Lrtions to dofined contribution Fdans are rwni5ed as an expense in th8 period in which th8 related service is provi(led. PrepaKI o)ntrE&rtions are rwnised as an asset to the 8xt8nt that the prepayment wtll lead to a r8duction in fubjre payments or a cash refund. When contnTr)ulions are not expected to Ee settled wholly wthin 12 months of the ènd of th8 repong date in which the employ render the reted service, the liabiltty is measured on a Lscounted pr8sent vu& basis. The unwnding of thè dise(xJnt is reCognisl as an expense in the peri1 in which it arises. Umlted by guarantee The charty is a company limitÉMI by guarantee. The members of the company arp the trustees named on page 1. In the event of the charity being wourKI up the liaL¥fty in respect of the guarantee ks limit&1 to £1 per wnemLEr of the charity.
DARUL IKHLAS Company Limlted by Guarantee Notes to the Financlal Statements (conthw& Year ended 31 July 2024 Donations and legacies Unr8strict8d Funds R8stric18d Total Fund$ Furnls 2024 Donations Donations reVed 82,634 124.699 207.3&3 UnJEstrioled Funds Reslrtcled Tolal Funds Funds 2023 Donatlons Donations rece4ved 61.586 Ch8ritoble activtlies Unrestrtcted Total Funds Unreslricted Total Funds Funds 2024 Funds 2023 Madrassa fee income 4.076 4,076 5,570 5,570 Expenditure on charftable athvities by fund type UnrestiKted Furnls Restricled Total Funds Funds 2024 Charitabie activities Support Costs 13.403 37,360 50.763 162,688 176.071 37,360 213.431 162.668 Unrestricted FuTxIs Restricted Total Funds Funds 2023 Gharttable activities Supwrt costs 14.548 36,293 50,841 21.768 36,293 58.061 Expendiiure on charitable actlvlues by acttvlty type undertaken directty Support costs Tot fuFK 2024 Total fund 2023 Charttable actTVities Governance costs 176.071 176,071 37,360 213.431 21.768 36.293 58,061 37.360 37.360 176,071 10
DARUL IKHLAS Company Linlited by Guarantee Notes to the Financial Statements (&¥théd) Year ended 31 July 2024 Net {èxp8ndlturo)Ancome Nel lexpend[LJre)finmQ is staled after Chargin(cred(l(ngl= 2024 20¥6 Depreciatv)n of tangible assets 192 10. Indgpgndent exarnlnalton feas 2023 Fe8s payable to the independent examiner Yor: Independent examination ol the financi statemenls Other linanual servKes 100 300 100 300 400 11. Staff costs The ioial skff costs and emFAoyee benefits forthe reporling period are ana]ysed as foll(Iws: 2024 2023 Wages and salaries Employer contributtons to elOn ptans 36.459 1.009 35.959 37,468 36,948 The average head count of employees duriry the year was 1 12023.. 11. The average number of hjll-time equNa]ent employees during the year is anatysed as follows: 2023 No. Numlxr ol staff No 8mployee re1Ved empknyee nerrtS of rnore than £60.0 thring thè yaar (2023: Ni51- 11 Trusts8 remunerallon and gxpenses No remuneration or other benefrts from empkiyrnent Ihe charity or a related entity were received by trusiees. 11
DARUL IKHLAS Company Limtted by Guarantee Notes lo the Financial Statements (coMR?U& Year ended 31 Juty 2024 13. Tanglble flxed 8ssets Equlpment Cost At 1 Augusl 2023 and 31 Juty 2024 Depreciation At 1 August 2023 Charge for the yoar At 31 July 2024 Carrylng amount At 31 July 2024 At 31 Juty 2023 2.686 1,729 192 1.921 765 957 14. Deblor8 2024 2023 Prepayments and accrued income 333 15. Credltors: amounts falllng due wlthln one year 2024 2023 Awruals arKI deferred Ome Social s8curtty and (Jther taxes 2.571 17.691 20,262 2.447 17,644 20.091 16. Pgnsion$ and other post retlr8m8nt b8n8fits Deflned Comr1blDn plans The amount regnisl in income or eXlture as an eNnse in rthion to defined ¢ontiibution an$ was £1,009 (2023: £989). 12
DARUL IKHLAS Company Limited by Guaranlee Notes to Ihe Financial SL*ements (euthu Year ended 31 July 2024 17. Analysis of charilabje funds UnrestrICtl funds 1 Augusl 202 At Income Expenditure 31 Juty 2024 General funds 38,862 86,710 {50,7&31 74,809 1 ALu$l 202 IrKx)me Expenditure 31 July 2023 G8n8rat lurKIs 29,797 59,906 (50,8411 38,862 Restrfcted funds At 1 August 202 Ineoma ExFenditur8 31 July 2024 Restricted F(Jnds 124,699 1162.8681 136,D891 At 1 August 202 At Incom8 EXp111r8 31 Juty 2[)23 Flestricted Funds 7,250 17.220) 1.880 1& Finanelal instruments The cawwng amounl for eath Lxtegory of financia instrument is as follows: 2024 2023 Flnancial ass8ts measured al fair value through Income and expendlture Financial assets measured al f[ vdLJe through ]roMe and expelture 58,217 59,543 13
DARUL IKHLAS Company Limiled by Guaranlee Management Informalion Year ended 31 July 2024 The following pages do not form part of the financial stataments. 14
DARUL IKHLAS Company Limited by Guarantee Detalled Ststement of Flnanclal Actlvities Year ended 31 July 2024 2024 2023 In¢ome and endowments Donations and legacleg Donations raceived 207,333 61,586 Charltable activittes hAadrassa fee income 4,076 5,570 TO1 Income 211,409 87,156 Expenditure Expendlture on charltabje actlvltles Purchases Wages and salarfes Pgnsion costs Rent Lg a1 professional fg8S Telephone Other officè costs Depreciamon Othe¥ interest payablg and %milar charges Direct chafitable activty- Mi)squ8 Direct charitable activity- Edwtion Direct charitable activity- Emergerw FuTxls Raised for Gaza Direct Charltable Acbwty- Makkah tr) Me(fina 2,102 36.459 1,009 6.938 936 1,350 1,748 191 30 24,315 25.115 77.180 36,058 213,431 4,190 3S,959 989 6.410 876 1,191 772 239 15 7,420 58.061 Total expendilure 213.431 58.061 Ngt {expenditureinn¢on {2,022) 9.095 15
DARUL IKHLAS Company Limtted by Guarantse Notes to tho Detailed Statement of Financial Activilies Year ended 31 July 2024 2024 2023 Expendlturg on charilable a¢tivitles Charltsble activities Activities undertaken direc Direct charitable activity- events expenses Direct charitable acbwty- casual wages/saNes Direct charitable activtty- classroomlhall hire Direct chaTttable arbvtty- telephone Diract chajitable activity- other offKe cr)sts Direct charrtable activity- Mosque Dlrect charttable activity- EdtIOn Direct charitable actNty- Emergercy Funds Raised lor Gaza Direct Charitable Acbvity- Makkah to M9rfina 2,102 2,500 6,938 1,350 513 24,315 25,115 77.180 36,058 176,D71 4.190 2.000 6.410 1,191 557 7,420 21,768 Govemance costs Govemance wsts . wageslsalaries Governanc8 COSts- pension costs Governanco costs- accounlancylees Governance costs- olher Offi costs Governance costs- depreciation Governance costs- other finan costs &3,959 1,(K9 936 1.235 191 30 33,959 876 215 Z39 15 37,360 36,293 Expendlture on Charltable actlvltles 213.431 58,061 16