# **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:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in 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:
- income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
- legacy income is recognised when receipt is probable and entitlement is established.
- income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
- income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
## **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:
- expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.
- expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
- other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
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**