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2025-07-31-accounts

COMPANY REGISTRATION NUMBER: 08166521 CHARITY REGISTRATION NUMBER: 1148610

DARUL IKHLAS

Company Limited by Guarantee Unaudited Financial Statements 31 July 2025

K B M UK LIMITED

Chartered Certified Accountants 1 Concord Business Centre Concord Road London UK W3 0TJ

DARUL IKHLAS

Company Limited by Guarantee

Financial Statements

Year ended 31 July 2025

Page
Trustees' annual report (incorporating the director's report) 1
Statement of financial activities (including income and
expenditure account) 4
Statement of financial position 5
Notes to the financial statements 6

DARUL IKHLAS

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report)

Year ended 31 July 2025

The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 July 2025.

Reference and administrative details

Registered charity name DARUL IKHLAS Charity registration number 1148610 Company registration number 08166521 Principal office and registered 11 Selsdon Road office London NW2 7NG England The trustees Mr A Zulfiqar Mr I Daad Mr M N Malik Mr S A Raja (Appointed 25 April 2025) Mr M Uddin (Appointed 25 April 2025) Mr T A Khan (Appointed 25 April 2025) Accountants K B M UK Limited Chartered Certified Accountants 1 Concord Business Centre Concord Road London UK W3 0TJ

1

DARUL IKHLAS

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 31 July 2025

Structure, governance and management

Board of Trustees

The board of trustees is responsible to ensure that charity objectives are achieved and charitable activities are carried out in support of set objectives. They also monitor overall performance of charity management and to ensure charity resources are applied effectively.

Governance

Darul Ikhlas refers to the charity incorporated as a company limited by Guarantee in England and Wales, with a governing document known as the Memorandum and Articles of Association.

Management Responsibilities

The Annual Report and Financial Statements are prepared according to the relevant law and regulations and approved by the Company Directors.

The directors manages and keep accounting records, the records disclose our financial position with reasonable accuracy at any time and enable directors to ensure that the financial statements comply with the Companies Act 2006 and the charity Commission Statement of recommendation Practice (SORP) 2015.

Objectives and activities

We are committed to establishing a Mosque & Islamic cultural centre in Isleworth, London, insh'Allah. Activities include the five daily prayers, the weekly jumu'a prayer and annual 'Id celebrations, regular Islamic and Qur'anic classes for children of all ages, youth activities including sports and summer camps, adult projects and education programmes for men and women, and interfaith initiatives.

Achievements and performance

Darul Ikhlas has furthered its charitable objectives in the local community of Isleworth and the surrounding areas by arranging Friday prayers, Eid prayers, Taraweeh prayers, Madrassa for children and adults, Nikka solemnization and counselling.

Financial review

The Charity's activities during the year are described below:

Total collection from donations and grants from various sources was £66,365 out of which £61,930 was unrestricted and £4,435 restricted in nature.

The unrestricted and restricted expenditures were £65,720 and £7,050 respectively during the financial year.

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

2

DARUL IKHLAS

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 31 July 2025

The trustees' annual report was approved on 8 May 2026 and signed on behalf of the board of trustees by:

Mr I Daad Trustee

3

DARUL IKHLAS

Company Limited by Guarantee

Statement of Financial Activities (including income and expenditure account)

Year ended 31 July 2025

2025 2024
Unrestricted Restricted
funds funds Total funds Total funds
Note £ £ £ £
Income and endowments
Donations and legacies 5 59,480 4,435 63,915 207,333
Charitable activities 6 2,450 2,450 4,076
ৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄৄ
Total income 61,930 4,435 66,365 211,409
৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶৶
Expenditure
Expenditure on charitable activities 7,8 65,720 7,050 72,770 213,431
ৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄৄ
Total expenditure 65,720 7,050 72,770 213,431
৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶৶
ৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄৄ
Net expenditure (3,790) (2,615) (6,405) (2,022)
৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶৶
Transfers between funds (38,704) 38,704
ৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄৄ
Net movement in funds (42,494) 36,089 (6,405) (2,022)
Reconciliation of funds
Total funds brought forward 74,809 (36,089) 38,720 40,742
ৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄৄ
Total funds carried forward 32,315 32,315 38,720
৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶৶

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The notes on pages 6 to 12 form part of these financial statements.

4

DARUL IKHLAS

Company Limited by Guarantee

Statement of Financial Position

31 July 2025

2025 2024
Note £ £
Fixed assets
Tangible fixed assets 13 1,956 765
Current assets
Cash at bank and in hand 51,327 58,217
Creditors: amounts falling due within one year 14 20,968 20,262
ৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄ
Net current assets 30,359 37,955
ৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄ
Total assets less current liabilities 32,315 38,720
ৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄ
Net assets 32,315 38,720
৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶
Funds of the charity
Restricted funds (36,089)
Unrestricted funds 32,315 74,809
ৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄ
Total charity funds 16 32,315 38,720
৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶

For the year ending 31 July 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

These financial statements were approved by the board of trustees and authorised for issue on 8 May 2026, and are signed on behalf of the board by:

Mr I Daad Trustee

The notes on pages 6 to 12 form part of these financial statements.

5

DARUL IKHLAS

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 31 July 2025

1. General information

The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 11 Selsdon Road, London, NW2 7NG, England.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

There are no material uncertainties about the charity's ability to continue.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.

Restricted funds are 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.

6

DARUL IKHLAS

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 July 2025

3. Accounting policies (continued)

Incoming resources

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:

Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

Tangible assets

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 the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

7

DARUL IKHLAS

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 July 2025

3. Accounting policies (continued)

Tangible assets (continued)

An increase in the carrying amount of an asset as a result of a revaluation, 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 of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Equipment - 20% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cashgenerating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.

4. Limited by guarantee

The charity is a company limited by guarantee. The members of the company are the trustees named on page 1. In the event of the charity being wound up the liability in respect of the guarantee is limited to £1 per member of the charity.

8

DARUL IKHLAS

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 July 2025

5. Donations and legacies

Unrestricted Restricted Total Funds
Funds Funds 2025
£ £ £
Donations
Donations received 58,420 4,435 62,855
Gifts
Gifts aid 1,060 1,060
ৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄ
59,480 4,435 63,915
৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶
Unrestricted Restricted Total Funds
Funds Funds 2024
£ £ £
Donations
Donations received 82,634 124,699 207,333
Gifts
Gifts aid
ৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄৄ
82,634 124,699 207,333
৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶৶
6. Charitable activities
Unrestricted Total Funds Unrestricted Total Funds
Funds 2025 Funds 2024
£ £ £ £
Madrassa fee income 2,450 2,450 4,076 4,076
৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶
7. Expenditure on charitable activities by fund type
Unrestricted Restricted Total Funds
Funds Funds 2025
£ £ £
Charitable activities 20,021 7,050 27,071
Support costs 45,699 45,699
ৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄ
65,720 7,050 72,770
৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶
Unrestricted Restricted Total Funds
Funds Funds 2024
£ £ £
Charitable activities 13,403 162,668 176,071
Support costs 37,360 37,360
ৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄৄ
50,763 162,668 213,431
৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶৶

9

DARUL IKHLAS

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 July 2025

8. Expenditure on charitable activities by activity type

Activities
undertaken Total funds Total fund
directly Support costs 2025 2024
£ £ £ £
Charitable activities 27,071 27,071 176,071
Governance costs 45,699 45,699 37,360
ৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄৄ
27,071 45,699 72,770 213,431
৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶৶
9. Net expenditure
Net expenditure is stated after charging/(crediting):
2025 2024
£ £
Depreciation of tangible fixed assets 489 192
৶৶৶৶ ৶৶৶৶
10. Independent examination fees
2025 2024
£ £
Fees payable to the independent examiner for:
Independent examination of the financial statements 100 100
Other financial services 300 300
ৄৄৄৄ ৄৄৄৄ
400 400
৶৶৶৶ ৶৶৶৶

11. Staff costs

The total staff costs and employee benefits for the reporting period are analysed as follows:

2025 2024
£ £
Wages and salaries 41,212 36,459
Employer contributions to pension plans 1,161 1,009
Other employee benefits 2,880
ৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄ
45,253 37,468
৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶
The average head count of employees during the year was 1 (2024: 1). The average number o
full-time equivalent employees during the year is analysed as follows:
2025 2024
No. No.
Number of staff 1 1
৶৶৶৶ ৶৶৶৶

The average head count of employees during the year was 1 (2024: 1). The average number of full-time equivalent employees during the year is analysed as follows:

No employee received employee benefits of more than £60,000 during the year (2024: Nil).

10

DARUL IKHLAS

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 July 2025

12. Trustee remuneration and expenses

No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.

13. Tangible fixed assets

Equipment
£
Cost
At 1 August 2024 2,686
Additions 1,680
ৄৄৄৄৄৄৄ
At 31 July 2025 4,366
৶৶৶৶৶৶৶
Depreciation
At 1 August 2024 1,921
Charge for the year 489
ৄৄৄৄৄৄৄ
At 31 July 2025 2,410
৶৶৶৶৶৶৶
Carrying amount
At 31 July 2025 1,956
৶৶৶৶৶৶৶
At 31 July 2024 765
৶৶৶৶৶৶৶
14. Creditors: amounts falling due within one year
2025 2024
£ £
Accruals and deferred income 2,860 2,571
Social security and other taxes 18,108 17,691
ৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄ
20,968 20,262
৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶

15. Pensions and other post retirement benefits

Defined contribution plans

The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £1,161 (2024: £1,009).

11

DARUL IKHLAS

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 July 2025

16. Analysis of charitable funds

Unrestricted funds

Unrestricted funds
At
1 August 202 At
4 Income Expenditure Transfers 31 July 2025
£ £ £ £ £
General funds 74,809 61,930 (65,720) (38,704) 32,315
৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶
At
1 August 202 At
3 Income Expenditure Transfers 31 July 2024
£ £ £ £ £
General funds 38,862 86,710 (50,763) 74,809
৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶ ৶৶৶৶ ৶৶৶৶৶৶৶৶
Restricted funds
At
1 August 202 At
4 Income Expenditure Transfers 31 July 2025
£ £ £ £ £
Restricted Fund 1 - desc
in a/cs (36,089) 4,435 (7,050) 38,704
৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶ ৶৶৶৶
At
1 August 202 At
3 Income Expenditure Transfers 31 July 2024
£ £ £ £ £
Restricted Fund 1 - desc
in a/cs 1,880
৶৶৶৶৶৶৶
124,699
৶৶৶৶৶৶৶৶৶
(162,668)
৶৶৶৶৶৶৶৶৶

৶৶৶৶
(36,089)
৶৶৶৶৶৶৶৶

17. Financial instruments

The carrying amount for each category of financial instrument is as follows:

2025 2024
£ £
Financial assets measured at fair value through income and expenditure
Financial assets measured at fair value through income and
expenditure 51,327
৶৶৶৶৶৶৶৶
58,217
৶৶৶৶৶৶৶৶

12